Agenda - 03-04-2004-7b - Laserfiche WebLink

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PHA Name: Omnge County, NC streamlined Annual Plan for fiscal Year 2004_ j 2 HA Code: NC104 ^ Yes ® No: Will the PHA's program have eligibility criteria for participation in its Section 8 Homeownership Option program in addition to HUD criteria? If yes, list criteria: c. What actions will the PHA undertake to implement the prograzn this year (list)? Develop program guidelines 3. Capacity of the PHA to Administer a Section 8 Homeownership Program: The PHA has demonstrated its capacity to administer the program by (select all that apply): ® Establishing a minimum homeowner downpayment requirement of at least 3 percent of purchase price and requiring that at least 1 percent of the purchase price comes from the family's resources.. ^ Requiring that financing for purchase of a borne under its Section 8 homeownership will be provided, insured or guaranteed by the state or Federal government; comply with secondary mortgage market underwriting requirements; or comply with generally accepted private sector underwriting standards. ^ Partnering with a qualified agency or agencies to administer the program (list name(s) and years of experience below): ^ Demonstrating that it has other relevant experience (list experience below): 4. Use of the Project-Based Voucher Program Intent to Use Project-Based Assistance ® Yes ^ No: Does the PHA plan to "project-base" any tenant-based Section 8 vouchers in the coming year? If the answer is "no," go to the next component. If yes, answer the following questions. ® Yes ^ No: Are there circumstances indicating that the project basing of the units, rather than tenant-basing of the same amount of assistance is an appropriate option? If yes, check which circumstances apply: ^ low utilization rate for vouchers due to lack of suitable rental units ^ access to neighborhoods outside of high poverty areas ® other (describe below:) hack of appropriate size antits for single disabled individuals 2. Indicate the number of units and general location of units (e.g. eligible census tracts or smaller areas within eligible census tracts): Clreb Nova Apm•tnierats; West Mairr Str°eet; Carrboro, NC. 27.510 24 units Page 12 of 16 (ortn HUD-50075•SA (04/30/2003)