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10 <br /> The FY 2024-2025 Annual Action Plan for the Orange County HOME Consortium outlines which activities <br /> the County will undertake using HOME funds during the program year beginning July 1, 2024 and ending <br /> June 31, 2025.This is the County's fifth year of the 2020 Five-Year Consolidated Plan. <br /> During the FY 2024-2025 program year, the Orange County HOME Consortium anticipates the following <br /> Federal financial resources: <br /> • FY 2024-2025 HOME Funds: $367,014 <br /> • HOME Program Income: $28,306 <br /> • Total:$395,320 <br /> During the FY 2024-2025 HOME program year,the Orange County HOME Consortium proposes to <br /> address the following priority need categories from the 2020 Consolidated Plan: <br /> • Housing for People Experiencing Homelessness: Provide affordable rental housing for <br /> households experiencing homelessness. <br /> o Priority Level: High <br /> o Associated Goals: Rental Construction, Rental Assistance, Housing Rehabilitation/ <br /> Preservation, Grant Administration <br /> • Housing for Low-and Moderate-Income Households: Provide affordable housing (both rental <br /> and ownership)for households with moderate and low incomes, especially those with extremely <br /> low incomes. <br /> o Priority Level: High <br /> o Associated Goals: Rental Construction, Rental Assistance, Housing Rehabilitation/ <br /> Preservation, Home Ownership Construction, Home Buyer Assistance, Grant <br /> Administration <br /> Annual Action Plan 7 <br /> FY 2024-2025 <br />