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3 <br /> This amendment will authorize one (1) time-limited Rapid Rehousing Specialist III through <br /> December 31, 2025. This budget amendment provides for the receipt of these funds in the <br /> Community Development Fund, and establishes the following project ordinance: <br /> Rapid Rehousing - Compass Center($165,416) - Project#47479 <br /> Revenues for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Grant Revenue $157,208 $165,416 $322,624 <br /> Total Project Funding $157,208 $165,416 $322,624 <br /> Appropriated for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Grant Expenditures $157,208 $165,416 $322,624 <br /> Total Costs $157,208 $165,416 $322,624 <br /> 5. NC Urgent Repair - The Housing Department has received notification of $132,000 in <br /> grant funds from the North Carolina Housing Finance Agency (NCHFA) to be used toward <br /> the Urgent Repair Program. The required County match of $40,000 is being transferred <br /> from available funds within the same Community Development Fund. The Urgent Repair <br /> Program will assist eighteen (18) homeowners with home repairs and rehabilitation. <br /> Eligibility for the program depends on household income, with income limits set at 50% of <br /> the County's Area Median Income, as well as qualifying as a household with special needs <br /> including people age 62 and older, single parents, large families with 5 or more household <br /> members, children with lead hazards present in the home, as well as emergency cases. <br /> This budget amendment provides for the receipt and appropriation of these additional <br /> funds, and establishes the following 2024 NCHFA Urgent Repair Grant Project Ordinance: <br /> NCHFA Urgent Repair 2024 ($172,000) - Project#47456 <br /> Revenues for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Grant Revenue $0 $132,000 $132,000 <br /> Transfer from General Fund $0 $40,000 $40,000 <br /> Total Project Funding $0 $172,000 $172,000 <br /> Appropriated for this project: <br /> Current FY 2024-25 FY 2024-25 <br /> FY 2024-25 Amendment Revised <br /> Grant Expenditures $0 $172,000 $172,000 <br /> Total Costs $0 $172,000 $172,000 <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 2: HEALTHY COMMUNITY <br /> OBJECTIVE 3. Provide social safety net programming and the resources needed for <br /> our most vulnerable community members (e.g., veterans, unhoused people, foster <br /> children, older adults, etc.). <br />