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45 <br /> 6. Regular Agenda <br /> a. Proposed Orange County FY 2024-2025 Annual Action Plan and HOME Activities <br /> The Board considered adopting a Resolution authorizing submission of the FY 2024-2025 Annual <br /> Action Plan and adopting a Resolution approving the proposed HOME Program Activities for FY <br /> 2024-2025. <br /> BACKGROUND: <br /> Annual Action Plan <br /> Every year, state and local governments ("Participating Jurisdictions") that receive HOME <br /> Investment Partnerships Program ("HOME") funds from the U.S. Department of Housing and <br /> Urban Development ("HUD") are required to complete an Annual Action Plan that lays out how <br /> they will allocate HUD funds for the upcoming program year in order to address the goals and <br /> priorities in the Consolidated Plan. The draft Annual Action Plan for FY 2024-2025 is in Attachment <br /> 1. <br /> Orange County is a special type of Participating Jurisdiction, called a Consortium, consisting of <br /> Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. Orange County serves <br /> as the lead entity for the Orange County HOME Consortium. The Consortium completed the <br /> Annual Action Plan based on the HOME award recommendations made by the Local Government <br /> Affordable Housing Collaborative, detailed in the section below. <br /> A public comment period, as required by HUD, was held April 9 — May 10, 2024, and a public <br /> hearing was held on the draft Annual Action Plan at the April 16, 2024 Orange County Board of <br /> Commissioners Business meeting. Public notice of the hearing was posted in The Herald Sun <br /> and La Noticia. Staff posted copies of the draft Annual Action Plan on the Orange County Housing <br /> Department website and circulated a link to the website and draft plan by public notice in the <br /> newspapers listed above. Staff conducted outreach by email to over 100 housing and homeless <br /> service providers nonprofit organizations, government entities, elected officials, and interested <br /> residents. All comments will be incorporated into the final Annual Action Plan to be submitted to <br /> HUD. <br /> HUD requires staff to submit the FY 2024-2025 Annual Action Plan on or before August 16, 2024. <br /> The Board of County Commissioners is therefore asked to consider approval of the attached <br /> resolution (Attachment 2) authorizing submission of the Annual Action Plan. <br /> FY 2024-2025 HOME Program Activities <br /> The Draft Action Plan utilizes the FY 2024-2025 grant allocations from the U.S. Department of <br /> Housing and Urban Development (HUD). <br /> FY 2024-2025 HOME Funds $ 367,014.00 <br /> HOME Program Income $ 28,306.00 <br /> Total $ 395,320.00 <br /> Administrative Costs: 10% of the total HOME funds ($36,701.00) will be reserved for <br /> Administrative Costs. <br /> The Local Government Affordable Housing Collaborative (the "Collaborative"), comprised of one <br /> (1) elected official and staff members from Orange County and the Towns of Carrboro, Chapel <br /> Hill, and Hillsborough, reviewed the received applications for the FY 2024-2025 HOME Program <br />