Orange County NC Website
Browse       Search
47 <br /> Slide#1 <br /> HOME Consortium Action <br /> Recommendation Recommendation* <br /> CASA 177/225 $500,000 $314,047 $2229120 <br /> Cedar Village <br /> OCPEH 140/195 $267,948 $197,442 $1369499 <br /> Rapid Rehousing <br /> Habitat 132/225 $395,850 $- 0.00/0 <br /> Second Mortgages <br /> EmPOWERment 128.5/225 $200,000 $- 0.0% <br /> Rental Acquisition <br /> $1,363,798 <br /> r <br /> 'Amounts updated based on HUD's release of official allocation on May 7h;Amount includes HUD <br /> allocation+Program Income($28,306)-Administrative Expenses($36,701) <br /> Blake Rosser said there was a change from the April 16th presentation given during the <br /> public hearing. He indicated that an updated recommendation is listed in the last column in the <br /> table. <br /> Slide #2 <br /> AwardFY24 HOME Project Summary <br /> CASA OCPEH <br /> Funding Request $500,000 $267,M <br /> Project Description Gap financing for C Baer Vi I.Lage.a 72-unit apartme nt commun ity Funding toadminlstertenano-p9sedrenLalasSlstancetat5 <br /> scattered units <br /> SO%AMI or less:28Housenoias <br /> Income Targeting 20%50%AM I. 25 House holds 309E AMI 8r Le8s:15 rfause holds <br /> 50%-80%AM I: 19 House noias <br /> House hulas at or below 20%.50%.and 60%AM I.with units set naividuelacurrently experiencing homelessnessinOrsnge County& <br /> Population Targeting asiaa for veterenreferrelaanarefernhls for households fleeing with priority given to households with zero income and with heam <br /> domestic vlowrkoe, or household who have mulb ple disabfi ng conditions- <br /> Project Location BehlndoW Daniel Boone SquareInMIftborough Scattered slteslnOrange County andsurroundingAreas <br /> Total non-HOME project umaing Is$1 a.3 mlILion Total non-HOME project umaing Is$5&4,767 <br /> Leveraging <br /> Leverage rally a-as:1 Leverage rally a-2:t <br /> Cost Effectiveness Budgeted casts appear reasonabLe,appropriate.andconslstent Budgeted costs appear reasonabW.appropriate.andconslstent <br /> will)aetivlties with activities <br /> Applicant Capacity Returnap pi.icent wit hon-track projects Th is is a new appLics nt with a regional support network <br />