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9 <br /> Slide #11 <br /> Currently giving equal consideration to all <br /> HOME uses <br /> • Annual competitions for a wide range of <br /> development,acquisition, down payment, repair <br /> and/or rental assistance projects <br /> • This approach spreads a relatively small amount of <br /> money (—$400k) over 3 or 4 different projects <br /> • Amounts awarded to development and acquisition <br /> make up a small fraction of total project costs, and <br /> carry with them onerous federal regulations that <br /> can effectively applyto entire project <br /> • • ORANGE COUNTY <br /> . NUKIIi C:AKULINA <br /> Slide #12 <br /> LGAHC recommends focusing HOME <br /> funding on Preservation and TBRA <br /> • LGAHC= Local Government Affordable Housing <br /> Collaborative, consisting of one elected official from <br /> each municipal body <br /> 0 Recommendation aligns with community input <br /> 0 Staff estimates assistance to 30-40 households annually <br /> 0 Lessens administrative burden <br /> • Development/Acquisition and Down Payment <br /> Assistance will have a larger pool of County money to <br /> access every 3 years (Bond/ClP money, —$5M) <br /> 0 LGAHC recommends attached draft on condition that <br /> language is added to emphasize transportation <br /> • ORANGE COUNTY <br /> NUKI'H C:AKULINA <br />