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5 <br /> VOTE: UNANIMOUS <br /> 5. Public Hearings <br /> a. Public Hearinq on FY 2023-2024 Annual Action Plan for the HOME Investment <br /> Partnerships Program <br /> The Board held a public hearing on the Annual Action Plan for the HOME Investment Partnerships <br /> 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 /> on March 9, 2023 and made the following funding recommendations for consideration by each of <br /> the jurisdictions' elected bodies: <br /> Applicant and Project Funding Funding <br /> Requested Awarded <br /> CASA— Pre-Development and Rental Development $512,000.00 $446,489.40 <br /> Pee Wee Homes — Rental Development $50,000.00 $50,000.00 <br /> Community Empowerment Fund — Homebuyer $50,000.00 - <br /> Assistance <br /> Common Ground Eco- Village — Homebuyer Assistance $280,000.00 - <br /> EMPOWERment— Rental Acquisition $120,000.00 - <br /> Habitat for Humanity— Homebuyer Assistance $475,000.00 - <br /> Hope Renovations — Homeowner Rehabilitation $24,975.00 - <br /> Administration (10% of HOME Funds, per statute) $ 42,949.60 $ 42,949.60 <br /> Total $ 1,554,924.60 $ 539,439 <br />