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14 <br /> Slide#19 <br /> Community Development <br /> HOME Federal Grant. Approximately $4QQ,000 in <br /> federal funds disbursed annually #❑ our program, <br /> Aaron <br /> which we then award to applicants for a variety of <br /> activities including: <br /> • New development of affordable housing <br /> + Repair/Acquisition of existing housing <br /> • Homebuyer assistance <br /> - Tenant-Based Rental Assistance <br /> Affordable Housing Bond. Si m ila r t❑ the a hove <br /> process but with local funds.,.less strings attached. <br /> Rimmier-ColienCommunity !' + COUNTY <br /> .. HOUSINGDEPARTMENT <br /> . . .. <br /> 3 Aaron Rimmler-Cohen said that the HOME program is one of the most flexible programs <br /> 4 under Community Development. He said that over the last 7 months, the division has tried to <br /> 5 focus on specific activities to make the best use of the county's funding. <br /> • Slide #20 <br /> Community Development <br /> Aaron Rimmier-Cohen <br /> Community Development Manager <br /> Urgent Repair and Single Family Rehabilitation. In <br /> collaboration with the Housing Preservation <br /> Coalition, uses state and local funds to preserve <br /> existing affordable housing, allowing residents to <br /> age in place. <br /> Longtime Homeowners Assistance. Another <br /> preservation strategy: reimbursing longtime <br /> homeowners far their increasingly burdensome <br /> property taxes <br /> ORANGECOUNTY <br /> acohen@orangecountyne.gov <br /> 9 Aaron Rimmler-Cohen said that the department is shortening the response time for urgent <br /> 10 repair • that urgentproblems •• not lead to issues requiring a single-family • <br />