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Orange County Affordable Housing <br /> Advisory Board (AHAB) <br /> GRANGE COUNTY Meeting Agenda <br /> HOUSING DEPARTMENT Tuesday,January 10, rChapel30 PM <br /> Chamber for a Greater Chapel Hill <br /> 104 S Estes Dr. <br /> Chapel Hill, NC 27514 <br /> Zoom link: <br /> https:Horangecountync.zoom.us/j/87805574687?pwd=RnNDNWsrNVItQWIuVlZHZU82eEJMQT09 <br /> I. Call to Order: 6:00 <br /> II. Outside Agency presentations (1 hour) <br /> a. Habitat for Humanity <br /> i. Laine Staton—Orange Habitat <br /> ii. Apps for Weaver's Grove are open now; they will close Jan 17. So far, 200 <br /> applications. <br /> iii. Trying to increase visibility/transparency. People are applying for home loan <br /> when they apply to Habitat.You have to be mortgage ready. You're joining a <br /> community. Need people who are open to creating culture. Helping people <br /> think about the long-term is part of the job. It takes a while to get to the point <br /> of homeownership; folks are taking pre-counseling, HOA classes, etc. People are <br /> not guaranteed homes, but most do move through program.Staff have these <br /> relationships with the homeowners for 30+years. But Habitat is also a bank; <br /> they have to collect money. <br /> iv. Application considerations: application take about 4 months b/c there are 7 <br /> stages: prequalifying, pre-approval, credit/background check, collect <br /> documents, underwriting, interview, board approval. <br /> v. Guarantee that mortgage will not be more than 30%of income <br /> vi. Habitat is selling 6 units this Spring <br /> vii. Staff conduct interviews to get to know the circumstances; try to impact the <br /> most people <br /> viii. Occasionally will do third-party lending for more cash flow(this helped fund <br /> Weaver's Grove) <br /> b. EmPOWERment <br /> i. Delores Bailey, LaTanya Davis, Sharon Reid <br />