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16 <br /> Slide#7 <br /> Other opportunities for development, <br /> acquisition and down payment projects <br /> * 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 /> ORANGE COUNTY <br /> NUKI I I CAROLINA <br /> Slide #8 <br /> Next Steps <br /> • Board holds public hearing and offers any comments of <br /> its own <br /> • Public comment period ends June V, 2825 <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 on 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 />