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22 <br /> AP-38 Project Summary <br /> Project Summary Information <br /> 1 Project Name OCCD— Repair and Rehabilitation <br /> Target Area County-Wide <br /> Goals Supported Repair and Rehabilitation <br /> Needs Addressed Preserve and Rehabilitate Existing Affordable Housing Stock to Prevent <br /> Displacement <br /> Funding Total: $147,628.00 <br /> Description Funds will be allocated to Orange County Community Development to <br /> repair and rehabilitate approximately 15 units.The funds may not be <br /> used for homes whose after-rehabilitation value exceeds 95%of the <br /> median purchase price. HOME program requirements allow for <br /> assistance to homeowners up to 80%of the Area Median Income. <br /> Orange County will prioritize homes at or below 50%of the Area <br /> Median Income. <br /> Currently, up to $2 million in repair and rehabilitation projects have <br /> been identified across Orange County, all in owner-occupied units. <br /> Orange County will collaborate with the Orange County Home <br /> Preservation Coalition, administered by the University of North Carolina <br /> Chapel Hill's Community Practice Lab,to identify the applicants who <br /> may be the best fit for this program. <br /> Target Date 06/2027 <br /> Estimate the number 15 families at or below 80%AMI, including 10 families at or below 50% <br /> and type of families AMI. <br /> that will benefit from <br /> the proposed activities <br /> Location Description Scattered sites in Orange County <br /> Planned Activities • Repair <br /> • Rehabilitation <br /> Annual Action Plan 20 <br /> FY 2025-2026 <br />