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6 <br /> The chart below lists the PY 2024 HOME activities that were funded. <br /> Project ID <br /> Number Project Title/Description 2024 HOME Budget 2024 HOME Expenditures <br /> HOME-24-01 CASA—Rental Construction $222,120 $0.00 <br /> Orange County Partnership to End <br /> HOME-24-02 Homelessness—Tenant-Based Rental $136,499 $67,524.22 <br /> Assistance <br /> HOME-24-03 Administration $36,701.40 $6,752.42 <br /> Total $395,320.40 $74,276.64 <br /> Orange County spent$67,524.22 of its PY 2024 HOME allocation on direct project costs. During the 2025 <br /> CAPER period,the County expended $321,337.04 in Entitlement Funds from prior Program Years, plus <br /> $225,517.66 in local Match. <br /> As shown above, a significant proportion of the funds were spent from previous program years.This is <br /> typical of projects that apply for and are awarded Orange County HOME funds. Organizations typically <br /> apply for HOME funds well in advance of when they need them, so most projects do not begin the <br /> Environmental Review process or enter into Development Agreements until near the end of the <br /> program year in which they applied (e.g., spring or summer of the following year). <br /> This CAPER period saw a significant increase in overall spending compared with the previous CAPER <br /> period.The last CAPER period, including match funds, saw spending of$169,165.40. This CAPER period <br /> saw spending, including match funds, of$546,854.70.This represents a year-over-year increase in <br /> program spending of 223.3%. <br /> Below is an example of a typical timeline for the Orange County HOME Program. <br /> Orange County releases HOME Program application for upcoming year December(prior year) <br /> HUD releases HOME allocations for Participating Jurisdictions and Consortia February/March <br /> Orange County HOME Program applications are due February <br /> The Collaborative reviews HOME applications and creates a funding March/April <br /> recommendation for the elected bodies of each jurisdiction <br /> The Collaborative's funding recommendations go before the elected bodies for April/May <br /> approval <br /> Orange County HOME Program Year(for reporting purposes)officially starts July <br /> (aligned with the County Fiscal Year) <br /> The County may begin conducting Environmental Reviews of HOME Awardees' July* <br /> projects* <br /> 5 <br />