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Agenda 01-16-24; 6-a - Affordable Housing Advisory Board (AHAB) Funding Recommendations for FY 2023-24 Affordable Housing Capital Investment Plan (CIP) Funds and Remaining 2016 Bond Funds
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Agenda 01-16-24; 6-a - Affordable Housing Advisory Board (AHAB) Funding Recommendations for FY 2023-24 Affordable Housing Capital Investment Plan (CIP) Funds and Remaining 2016 Bond Funds
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1/11/2024 12:46:03 PM
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BOCC
Date
1/16/2024
Meeting Type
Business
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Agenda
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6-a
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Agenda for January 16, 2024 BOCC Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 01-16-2024 Business Meeting
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\Board of County Commissioners\Minutes - Approved\2020's\2024
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Path:
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18 <br /> FY2023-24 CIP AFFORDABLE HOUSING APPLICATION <br /> SUMMARY <br /> EMPOWERment- Habitat for Humanity-East Community Housing Community Home Trust— <br /> Homestead Village Pee Wee Homes-Hill Street Partners—Trinity Court Homestead Gardens <br /> $1,000,000 $3,700,000 $166,500 $950,000 $900,000 <br /> Acquisition of a NOAH, Consists of 64 new Consists of 3 residences Consists of 54 affordable Consists of 21 townhomes, <br /> consisting of 10 apartments. townhomes serving <br /> The target population is residents and workers targeting community ° rental units serving earmarked for <br /> those target <br /> below 80% earning bet30%and members making below 30% households earning from individuals and families <br /> AMI g etet AMI AMI below 30%up to 80%AMI earning 65 to 80%AMI <br /> 10 64 3 54 19 <br /> <30%AMI—14 Units <br /> 31-60%AMI—10 Units 31-60%AMI—52 Units <30%AMI—3 Units 31-60%AMI—31 Units 31-60%AMI—3 Units <br /> 61-80%AMI—12 Units >61-80%AMI—16 Units <br /> >61-80%AMI—9 Units <br /> Located off Homestead Located at 1317 US 70A, Located at 106 Hill Street, located at 751 Trinity Court, Located off Homestead Rd, <br /> Road,Chapel Hill,NC Hillsborough, NC. Carrboro, NC Chapel Hill, NC Chapel Hill, NC <br /> 40% 18% 31% 5% 14% <br />
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