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13 <br /> Leveraging <br /> Explain how federal funds leveraged additional resources (private, state and local funds), <br /> including a description of how matching requirements were satisfied, as well as how any <br /> publicly owned land or property located within the jurisdiction that were used to address the <br /> needs identified in the plan. <br /> HOME Match <br /> • The Orange County HOME Consortium uses cash as its local match for HOME Funds. <br /> Cash match is contributed from the general funds of each of the four members of the <br /> Consortium (Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough). <br /> This year the local match contribution for the PY 2023 HOME award was $96,636.28. <br /> • HOME Match liability is incurred as HOME Entitlement funds are disbursed. In PY 2023 <br /> (July 1, 2023—June 30, 2024), $137,097.40 in HOME Entitlement funds were disbursed, <br /> incurring $32,068.59 in Match liability. The actual amount of Match funds disbursed for <br /> PY 2023 was $32,068.59. HUD officially tracks Match liability and contribution on the <br /> Federal fiscal year (October to September), not on Orange County HOME Consortium's <br /> Program Year (July to June). This can lead to a mismatch in how Match liability is tracked <br /> by HUD versus the Consortium. <br /> Other Resources Leveraged <br /> • Orange County was awarded North Carolina Housing Finance Agency Essential Single <br /> Family Rehabilitation Loan Pool (SFRLP) funds to rehabilitate households that are at or <br /> below 80% of AMI. The County received $190,000 in SFRLP 2023 funds. <br /> • Orange County was awarded North Carolina Housing Finance Agency Urgent Repair <br /> Program funds for emergency home repairs and modifications. The County received <br /> $100,000 in URP 2023 funds and also contributed $40,000 in local match. <br /> Fiscal Year Summary—HOME Match <br /> 1. Excess match from prior Federal fiscal year $0 <br /> 2. Match contributed during current Federal fiscal year $96,636.28 <br /> 3.Total match available for current Federal fiscal year(Line 1 plus Line 2) $96,636.28 <br /> 4. Match liability for current Federal fiscal year $32,068.59 <br /> 5. Excess match carried over to next Federal fiscal year(Line 3 minus Line 4) $64,567.69 <br /> Table 5—Fiscal Year Summary-HOME Match Report <br /> 12 <br />