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18 <br /> AP-15 Expected Resources <br /> Introduction <br /> The Orange County HOME Consortium expects to receive $380,320 in 2025 HOME funds, including <br /> $13,306 in HOME Program Income for the FY 2025-2026 program year.The program year is from July 1, <br /> 2025 through June 31, 2026. <br /> Anticipated Resources <br /> Program Source Uses of Funds Expected Amount Available Year 1 <br /> of Annual Program Total: <br /> Funds Allocation:$ Income:$ $ <br /> HOME public- Repair and <br /> federal Rehabilitation <br /> TBRA <br /> Acquisition $375,939.67 $13,306 $389,245.67 <br /> Table 2-Expected Resources–Priority Table <br /> Explain how federal funds will leverage those additional resources (private, state and local <br /> funds), including a description of how matching requirements will be satisfied <br /> The Orange County HOME Consortium leverages resources, including private, state, and local funds,to <br /> fulfill and enhance the impact of federal HOME funds. For Fiscal Year(FY) 2025-2026, the estimated <br /> Match contribution is$84,587. This local Match represents a strategic leveraging of additional funds to <br /> augment federal investments in affordable housing projects. <br /> To meet the federal matching requirements,the total amount of local Match contributed must equal <br /> 25% of the HOME funds allocated to direct project costs.This calculation is based on 90%of the total <br /> HOME Entitlement amount awarded by the U.S. Department of Housing and Urban Development (HUD), <br /> considering that 10% is dedicated to administrative expenses.Therefore,the local Match requirement <br /> effectively translates to 25%of 90%of the total HOME funds received. <br /> The distribution of the Match amount among the jurisdictions within the Orange County HOME <br /> Consortium reflects a coordinated approach to leveraging local resources. Each jurisdiction's <br /> contribution is proportionate to its capacity and agreed upon percentage, ensuring a fair and equitable <br /> investment towards meeting the match requirements. The breakdown of the Match amount from each <br /> jurisdiction—Orange County, Chapel Hill, Carrboro, and Hillsborough—is calculated below to ensure that <br /> the collective contributions meet the federal matching requirements: <br /> • Orange County (39%): $32,989 <br /> • Chapel Hill (41%): $34,681 <br /> • Carrboro (15%): $12,688 <br /> • Hillsborough (5%): $4,229 <br /> Annual Action Plan 16 <br /> FY 2025-2026 <br />