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16 <br /> 1 Slide #7 <br /> Other opportunities for development, <br /> acqziisition and doxvn payment projects <br /> IP A partial reissuance of Bond/CIP funding ($1.3M in <br /> previously awarded funds to abandoned projects) <br /> will be awarded later this year, giving partners an <br /> unplanned opportunityfor extra funding <br /> • HUD requires that 15% of funding each year be set <br /> aside for "Community Housing Development <br /> Organizations" (CHDOs). <br /> This funding will still be available for qualified <br /> agencies such as Habitat, EMPOWERment, <br /> Community Home Trust, etc. <br /> allC� GEcUNTY <br /> NOKI"Ci i_.+4R(JUP:A <br /> ,.s <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> Next Steps <br /> • Board holds public hearing and offers any comments of <br /> its own <br /> • Public comment period ends June 91"F 2025 <br /> • Staff presents final draft to LGAHC for approval and <br /> recommendation to Boards/Councils <br /> • Towns and County approve final plan (BOCC meeting <br /> 6/17/25), contingent or notification of final allocation <br /> amounts from HUD <br /> • Staff submits plans to HUD (July/August, once final <br /> allocation amounts announced) <br /> ORANGE COUNTY <br /> • NOKI71-1 CAROLINA <br /> 5 <br /> 6 <br /> 7 <br />