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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: January 16, 2024 <br /> Action Agenda <br /> Item No. 6-a <br /> SUBJECT: Affordable Housing Advisory Board (AHAB) Funding Recommendations for FY <br /> 2023-24 Affordable Housing Capital Investment Plan (CIP) Funds and <br /> Remaining 2016 Bond Funds <br /> DEPARTMENT: Housing <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: FY 2023-24 Orange Erica Cormack, Community Development <br /> County Affordable Housing Program Manager, (919) 884-9213 <br /> Proposal Scoring Matrix Bonnie Hammersley, County Manager, <br /> Attachment 2: Summary of Applications (919) 245-2300 <br /> Attachment 3: AHAB Applications Scores <br /> Attachment 4: Resolution <br /> Attachment 5: December 19, 2023 <br /> Orange County Affordable <br /> Housing Advisory Board <br /> (AHAB) Minutes <br /> PURPOSE: To consider adoption of a resolution awarding funds for the FY 2023-24 Capital <br /> Investment Plan (CIP) Affordable Housing request for proposals (RFP) process based on the <br /> funding recommendations from the Affordable Housing Advisory Board (AHAB). <br /> BACKGROUND: The FY 2023-2033 Adopted Capital Investment Plan (CIP) includes $5 million <br /> for Affordable Housing development in each of the fiscal years FY 2023-24, FY 2026-27 and FY <br /> 2029-30. A total of $15 million for affordable housing development will be allocated over the ten- <br /> year plan. The FY 2023-24 Affordable Housing funds of$5 million includes an additional $700,000 <br /> of remaining bond funds from 2016. <br /> Additionally, at its June 20, 2023 Business meeting, the BOCC declared eleven (11) parcels of <br /> County-owned land as surplus for affordable housing. The County may: <br /> o Sell the properties by negotiated sale to either a public or private entity for the purpose of <br /> developing affordable housing for persons of low to moderate income (the property could <br /> be offered for below market rates to serve as a subsidy for the affordable housing project). <br /> o Lease the property to a public or private entity for the purpose of developing affordable <br /> housing for persons of low to moderate income (the lease rate could also be negotiated <br /> below market rate to serve as a subsidy for the affordable housing project); and <br /> o If there are no developers interested in the above options, sell the property on the private <br /> market with the proceeds of the sale dedicated to other affordable housing projects. <br /> On July 26, 2023, a request for proposals (RFP) was released which included the eleven (11) <br /> parcels of County-owned land. The eligible proposals are for new construction and/or <br />