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z <br /> below 30% of Orange County's median income level. The Town of Carbone approved 3 <br /> Conditional Use Permit far the project on April B. 2002. More specific protect information is <br /> provided in the attached memorandum from Lane Sarver. <br /> FINANCIAL IMPACT: Bond funds areal to this project represents an expenditure of <br /> $300,000 of the $1.8 million dollar Affordable Housing Bond approved in November 1997. <br /> RECOMMENDATION(5): The Manager recommends the approval of the transfer of the <br /> appropriation of$300,000 in Housing Bond funding from the Freedom Park Apartments tc the <br /> Club Nova Single Room Occupancy Project being sponsored by the OPC Foundation and the <br /> N.C. Mental Health Association <br />