2024-534-E-Housing Dept-Habitat for Humanity of Orange County-Affordable Housing

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NORTH CAROLINA ORANGE COUNTY DEVELOPMENT AGREEMENT This is an AGREEMENT between ORANGE COUNTY, a local governmental political subdivision of the State of North Carolina, (hereinafter referred to as the “County”) and HABITAT FOR Humanity of Orange County, NC, INC., a North Carolina non-profit organization (hereinafter referred to as “Habitat”). The effective date of this Agreement is _______________. WITNESSTH WHEREAS, the Orange County HOME Consortium has designated $167,241 in FY 2022-23 HOME funds to provide homebuyer assistance for home ownership for up to sixteen (16)households located in Orange which are hereinafter designated collectively as “the Property” or “the Properties”; and WHEREAS, Orange County is the lead entity of the Orange HOME Consortium, so designated in an agreement dated July 1, 2011, and as such is the lead entity in a representative capacity for all members of the Orange HOME Consortium for the purposes of carrying out the HOME Program in accordance with the Title II of the Cranston-Gonzalez National Affordable Housing Act (Pub. L. 101- 625), (42 U.S. C. 3535( d.) et. seq.) (hereinafter referred to as the “Act”), and as further defined in the Federal Program Requirements provided by the U.S. Department of Housing and Urban Development; and WHEREAS, Habitat is constructing the housing units on the Properties for first-time homebuyers earning between 30% and 80% of HUD area median income described in the HOME Awardee’s FY 2022-2023 Application for Funding, Orange County HOME Program dated, February 25, 2022 which is hereby incorporated into this Agreement as if written herein, and hereafter referred to as “The Project.” A copy of the HOME Program Applications are on file in the office of the Orange County Housing and Community Development Department; and WHEREAS, Habitat is constructing the housing units on the Properties for first-time homebuyers described in the HOME Awardee’s FY 2022-2023 Application for Funding, Orange County HOME Program dated, February 25, 2022 which is hereby incorporated into this Agreement as if written herein, and hereafter referred to as “The Project.” A copy of the HOME Program Applications are on file in the office of the Orange County Housing and Community Development Department; and WHEREAS, the HOME Awardee intends to assist first-time homebuyers, in the Gattis Court, Fairview, and Weavers Grove neighborhoods in Orange County, as described in the HOME Consortium meeting minutes dated, January 4, 2024 which is hereby incorporated into this agreement as if written herein. A copy of the HOME Consortium meeting minutes are on file in the office of the Orange County Housing and Community Development Department; WHEREAS, a first-time homebuyer for the purposes of this program is defined as any low-income household that has not owned a home within the past three (3) years including households living in manufactured housing not permanently affixed to a foundation, or owner- Docusign Envelope ID: 9307EECF-67A0-42F5-A601-DB137FFD8FA3