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2023-596-E-Housing Dept-Community Home Trust-Outside Agency in General Budget
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2023-596-E-Housing Dept-Community Home Trust-Outside Agency in General Budget
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Last modified
10/24/2023 2:48:13 PM
Creation date
10/24/2023 2:48:01 PM
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Contract
Date
10/13/2023
Contract Starting Date
10/13/2023
Contract Ending Date
10/18/2023
Contract Document Type
Contract
Amount
$242,388.00
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<br /> <br />105 Conner Drive, Suite 1000, Chapel Hill, NC 27514 | PO Box 2315, Chapel Hill, NC 27515 <br />919.967.1545 | info@communityhometrust.org | communityhometrust.org <br /> <br />January 10, 2023 <br /> <br />Melissa Allison <br />Orange County Manager’s Office <br />300 West Tryon Street <br />Hillsborough, NC 27278 <br /> <br />Dear Ms. Allison, <br /> <br />Per the Inter-Local Agreement for Community Home Trust, originally executed in June 2015, Community <br />Home Trust requests $242,388 in operating funding from Orange County for fiscal year 2023-2024. We <br />arrived at that amount using the funding formula in the Inter-local Agreement and we have attached <br />the spreadsheet showing the calculation of the formula. <br /> <br />This funding request is $21,158 more than the allocation for 2022-2023, a 9.6% increase. The majority of <br />this increase is due to the addition of a staff member specifically dedicated to Education and Outreach <br />activities at CHT and rises in costs of operations due to inflation. In FY 2021-2022 we reduced funding by <br />2% and FY 22-23 we requested a 4% increase based on the challenges posed by the pandemic. <br /> <br />Please note that our funding request does not include any funding for the rental housing work we do <br />at Glen Lennox or at the Landings at Winmore. <br /> <br />Included with this request for your review are: <br />• Community Home Trust’s 2023-2024 Annual Work Plan <br />• Community Home Trust’s 2023-2024 operating budget and program budget <br />• 2023-2024 Local Government Support Calculations <br /> <br />We are very grateful for the support of Orange County as we work to increase and preserve the stock of <br />affordable housing in Orange County. If you need additional information from us, we are happy to <br />discuss. <br /> <br />Respectfully submitted, <br /> <br />Kimberly Sanchez <br />Kimberly Sanchez <br />Executive Director <br />DocuSign Envelope ID: D1E776EB-C52A-4B25-8273-2746F74AE36E
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