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Agenda 04-16-24; 5-a - Public Hearing on FY 2024-2025 Annual Action Plan for the HOME Investment Partnerships Program
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Agenda 04-16-24; 5-a - Public Hearing on FY 2024-2025 Annual Action Plan for the HOME Investment Partnerships Program
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4/11/2024 10:21:48 AM
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BOCC
Date
4/16/2024
Meeting Type
Business
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Agenda
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5-a
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r <br /> BOR OG. ATTACHMENT 1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> CA <br /> Orange County, NC HOME Consortium <br /> FY 2024-2025 Annual Action Plan Summary <br /> Annual Goals and Objectives <br /> Sort Goal Name Start End Category Geographic Needs Funding Goal Outcome <br /> Order Year Year Area Addressed Indicator <br /> 1 Rental 2024 2026 Affordable Hillsborough Housing for $314,047.00 Construction <br /> Construction Housing Low-and of 72 units <br /> Moderate- <br /> Income <br /> Households <br /> 2 Tenant Based 2024 2026 Affordable Orange Housing for $197,442.00 Rental <br /> Rental Housing County People Assistance for <br /> Assistance Experiencing 15 households <br /> Homelessness Homelessness <br /> Projects <br /> 1 Project Name CASA—Rental Construction <br /> Target Area Hillsborough, NC <br /> Goals Supported Rental Construction <br /> Needs Addressed Housing for Low-and Moderate-Income Households, Housing for <br /> Individuals Exiting Homelessness <br /> Funding Total: $314,047.00 (CHDO Set Aside: $64,424.00) <br /> Description Development of three 24-unit residential buildings for households at <br /> or below 80%AMI <br /> Target Date 06/2026 <br /> Households Served 72 households at or below 80%AMI <br /> Location Description 200 Sea Trail St, Hillsborough to Boone Square Shopping Center, <br /> Hillsborough <br /> • Predevelopment costs <br /> Planned Activities 0 New construction for rental <br />
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