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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 4, 2023 <br /> Action Agenda <br /> Item No. 5-a <br /> SUBJECT: Public Hearing on FY 2023-2024 Annual Action Plan for the HOME Investment <br /> Partnerships Program <br /> DEPARTMENT: Housing <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1 : Draft FY 2023-2024 Annual Corey Root, Housing Director, (919) 245- <br /> Action Plan Summary 2492 <br /> Erica Cormack, Community Development <br /> Program Manager, (919) 245-2491 <br /> PURPOSE: To hold a public hearing on the Annual Action Plan for the HOME Investment <br /> Partnerships Program. <br /> BACKGROUND: Every year, state and local governments ("Participating Jurisdictions") that <br /> receive HOME Investment Partnerships Program ("HOME") funds from the U.S. Department of <br /> Housing and Urban Development ("HUD") are required to complete an Annual Action Plan that <br /> lays out how they will allocate HUD funds for the upcoming program year in order to address the <br /> goals and priorities in the Consolidated Plan. A summary of the draft Annual Action Plan for FY <br /> 2023-2024 is in Attachment 1. <br /> For FY 2023-2024, Orange County anticipates receiving the following HOME resources: <br /> FY 2023-2024 HOME Funds $ 429,496.00 <br /> 10% Program Administration $ 42,949.60 <br /> FY 2023-2024 HOME Funds Minus 10% Admin $ 386,546.40 <br /> HOME Program Income $ 13,306.00 <br /> Local Match $ 96,636.60 <br /> Total Allocation + Program Income + Match $ 496,489.00 <br /> Orange County is a special type of Participating Jurisdiction, called a Consortium, consisting of <br /> Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. Orange County serves <br /> as the lead entity for the Orange County HOME Consortium. The Consortium has drafted the FY <br /> 2023-2024 Annual Action Plan based on the HOME award recommendations made by the Local <br /> Government Affordable Housing Collaborative, detailed below. <br /> The Local Government Affordable Housing Collaborative (the "Collaborative"), comprised of one <br /> (1) elected official and staff members from Orange County and the Towns of Carrboro, Chapel <br /> Hill, and Hillsborough, reviewed the received applications for the FY 2023-2024 HOME Program <br />