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Community Development <br /> HOME Federal Grant. Approximately $400,000 in <br /> federal funds disbursed annually to our program, <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. Similar to the above <br /> 14 <br /> Slide#19 <br /> process but with local funds...less strings attached. <br /> Aaron - DevelopmentCommunity 1 ' COUNTY <br /> acohen „ I , , <br /> . . . . <br /> SlideAaron Rimmler-Cohen said that the HOME program is one of the most flexible programs <br /> under Community Development. He said that over the last 7 months, the division has tried to <br /> focus on specific activities to make the best use of the county's funding. <br /> #20 <br /> ommunity Development <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 for their increasingly burdensome <br /> property taxes <br /> Aaron - DevelopmentCommunity 1 ' 1 <br /> acohenu HOUSINGDEPARTMENT <br /> . . .. <br />