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7 <br /> FY 2024-2025 Budget: <br /> Orange County proposes to undertake the following activities with FY 2024-2025 HOME funds: <br /> • HOME-24-01- Rental New Construction: $222,120.00 <br /> • HOME-24-02-Tenant-Based Rental Assistance: $136,499.00 <br /> • HOME-24-03-Administration: $36,701.00 <br /> Total: $395,320.00 <br /> Summarize the objectives and outcomes identified in the Plan <br /> This could be a restatement of items or a table listed elsewhere in the plan or a reference to <br /> another location. It may also contain any essential items from the housing and homeless needs <br /> assessment, the housing market analysis or the strategic plan. <br /> The goal of the Orange County HOME Program is to improve the quality of housing for County residents <br /> by retaining and increasing the supply of affordable housing units for both owner occupants and renters, <br /> and by providing homeownership opportunities for low-and moderate-income residents. Additionally, <br /> the program aims to assist low-income individuals and families in affording their rent through rental <br /> assistance programs. <br /> The Consolidated Plan is a five-year guide that the Orange County HOME Consortium uses to address its <br /> housing and community development initiatives. Based on the Housing Needs Assessment, Market <br /> Analysis, and community and stakeholder input received during the Consolidated Planning process,the <br /> Strategic Plan portion of the Plan establishes the following priorities: <br /> • Housing for People Experiencing Homelessness <br /> • Housing for Low-and Moderate-Income Households <br /> • Integrated Housing for People with Special Needs <br /> • Community/Economic Development and Services <br /> During FY 2024-2025 HOME Program Year,the County proposes to address the following priority need <br /> categories identified in the 2020 Consolidated Plan: <br /> • Housing for People Experiencing Homelessness <br /> • Housing for Low-and Moderate-Income Households <br /> Evaluation of past performance <br /> This is an evaluation of past performance that helped lead the grantee to choose its goals or <br /> projects. <br /> Annual Action Plan 4 <br /> FY 2024-2025 <br />