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27 <br /> AP-55 Affordable Housing <br /> Introduction <br /> Orange County will use its HOME funds for rental construction, and tenant based rental assistance.The <br /> one year goals for affordable housing in Orange County for FY 2024-2025 are as follows: <br /> One Year Goals for the Number of Households to be Supported <br /> Homeless 10 <br /> Non-Homeless 72 <br /> Special-Needs 0 <br /> Total 72 <br /> Table 6-One Year Goals for Affordable Housing by Support Requirement <br /> One Year Goals for the Number of Households Supported Through <br /> Rental Assistance 10 <br /> The Production of New Units 72 <br /> Rehab of Existing Units 0 <br /> Acquisition of Existing Units 0 <br /> Total 72 <br /> Table 7-One Year Goals for Affordable Housing by Support Type <br /> Discussion <br /> Orange County will fund the following projects with the FY 2024-2025 HOME funds: <br /> • HOME-24-01—CASA—Rental Construction: Funds will be allocated to Orange County Habitat <br /> for Humanity to provide deferred payment zero interest mortgages to an estimated fifteen (15) <br /> homebuyers in Orange County earning between thirty percent(30%) and eighty percent (80%) <br /> of the area median income. (The final number of homebuyers assisted may be more or less than <br /> 15 and will depend on homebuyer underwriting.) <br /> • HOME-24-02—OCPEH—Tenant Based Rental Assistance: Funds will be allocated to Pee Wee <br /> Homes to finance construction of three (3) small rental units at 106 Hill Street in Carrboro. Units <br /> will be leased to households experiencing homelessness and earning less than thirty percent <br /> (30%) of the area median income. <br /> • HOME-24-03—Administration 2024: Funds for administration of the HOME Program will be <br /> allocated to the Orange County Housing and Community Development Department.Total funds <br /> will equal ten percent(10%) of the 2021 HOME award, which is estimated to be $36,701. <br /> Annual Action Plan 24 <br /> FY 2024-2025 <br />