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Agenda - 09-05-2023; 5-a - Public Hearing on 2022 Consolidated Annual Performance Report (CAPER) for the HOME Investment Partnerships (HOME) Program
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Agenda - 09-05-2023; 5-a - Public Hearing on 2022 Consolidated Annual Performance Report (CAPER) for the HOME Investment Partnerships (HOME) Program
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BOCC
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9/5/2023
Meeting Type
Business
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Agenda
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5-a
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32 <br /> Describe other actions taken to foster and maintain affordable housing. 91.220(k) (STATES <br /> ONLY: Including the coordination of LIHTC with the development of affordable housing). <br /> 91.320(j) <br /> The Orange County HOME Consortium worked in cooperation with the non-profit housing providers to <br /> address the County's affordable housing needs through the use of HOME funds, Low-Income Housing <br /> Tax Credits, and other State and Federal funds.The HOME Consortium funded the following projects to <br /> address the Consortium's housing needs: <br /> • HOME-22-01—Habitat for Humanity— Homebuyer Assistance <br /> • HOME-22-02 Community Empowerment Fund—Homebuyer Assistance <br /> • HOME-22-03—EmPOWERment, Inc.—Rental Acquisition <br /> • HOME-22-04 Rebuilding Together of the Triangle—Mobile Home Replacement <br /> *Only HOME Match budgeted for this project, no 2020 HOME Entitlement funds <br /> Orange County's population is growing. However,the population growth is mainly in the higher income <br /> household category.This raises the value of both owner-and renter-occupied housing, and creates a <br /> shortage of decent, safe and affordable housing for low-and moderate-income households. HUD CHAS <br /> data on housing cost burden indicates that Orange County is facing an affordability crisis for lower <br /> income persons who cannot afford to live in the southern and eastern parts of the County. Targeting <br /> HOME funds to these projects will help the HOME Consortium reach the top priorities identified in the <br /> 2020-2025 Consolidated Plan of providing housing for people experiencing homelessness and providing <br /> housing for low-and moderate-income households. <br /> CAPER 30 <br /> OMB Control No:2506-0117(exp.09/30/2021) <br />
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