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5 <br /> Homestead Gardens (Community Home Trust): $900,000 <br /> Community Partner(s): Self-Help, CASA, Habitat for Humanity of Orange County, and Town of <br /> Chapel Hill <br /> The proposal requests funds for the development of twenty-one (21) townhomes, earmarked for <br /> individuals and families earning 65% to 80% AMI The target population for the project is families <br /> and individuals whose income falls within 80% or below the Area Median Income (AMI) threshold <br /> and who either reside in or are employed in Orange County. The Homestead Gardens initiative, <br /> situated at 2200 Homestead Road in Chapel Hill, represents a pioneering strategy for advancing <br /> affordable housing through a distinctive collaborative framework. Notably, among these units, up <br /> to three (3) will feature an integrated Accessory Dwelling Unit (ADU), facilitating housing options <br /> for those earning below 65% of AMI. <br /> Shady Acres (Shady Acres, LLC): $0 <br /> Community Partner(s): NA <br /> The proposal requests funds to develop forty-two (42) units. Of the forty-two (42) dwellings, six <br /> (6) of the units would be reserved for 30% to 60% AMI, ten (10) of the units would be reserved for <br /> 60% to 80% AMI, and all units would serve a Special Needs Population of elderly residents over <br /> sixty-two (62) years of age and / or Veterans with a priority on those with disabilities. Located on <br /> Sawmill Road in Cedar Grove and within walking distance of Cedar Grove Community Center, <br /> this subdivision would provide forty (40) dwellings, two (2) Community Gardens and a Community <br /> Amphitheater with a Gathering Room attached. <br /> AHAB's scoring of the applications using the evaluation scoring matrix approved by the Board of <br /> Orange County Commissioners earlier this year is detailed in Attachment 3. The Affordable <br /> Housing Advisory Board members made the decision to exclude the Shady Acres application <br /> based on the application being incomplete. <br /> FINANCIAL IMPACT: The FY 2023-2033 Adopted Capital Investment Plan (CIP) includes $5 <br /> million in FY 2023-24 for the purpose of requesting for proposals (RFP) for Affordable Housing <br /> development from nonprofit organizations involved in affordable housing and community <br /> development (including faith-based organizations), for-profit developers, and joint ventures <br /> between eligible non-profit and for-profit entities. Additionally, $700,000 in remaining funds are <br /> included from the November 2016 bond referendum. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable to <br /> this item: <br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND <br /> INEQUITY <br /> The fair treatment and meaningful involvement of all people regardless of race or color; <br /> religious or philosophical beliefs; sex, gender or sexual orientation; national origin or ethnic <br /> background; age; military service; disability; and familial, residential or economic status. <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding necessary <br /> for residents to provide shelter, food, clothing and medical care for themselves and their <br /> dependents. <br />