Orange County NC Website
7 <br /> Organizations awarded HOME funds(HOME Awardees) may begin executing July* <br /> HOME Written Agreements with the County(also called Development <br /> Agreements)* <br /> Other HUD-required items(depending on the type of HOME project): Once Environmental Review <br /> Homebuyer Assistance and Development <br /> • Executed HOME Written Agreement between the HOME Awardee and Agreement are complete <br /> homebuyer (often 9-12 months after <br /> • Homebuyer Underwriting start of the program year, <br /> • Homebuyer Counseling depending on the HOME <br /> • Property Appraisal Awardee's project <br /> Rental or Ownership Acquisition timeline)* <br /> • Property Appraisal <br /> Tenant-Based Rental Assistance <br /> • Income Verification Forms <br /> • HOME Rental Assistance Agreement <br /> • HOME Rent Reasonableness Certification <br /> • Minimum Habitability Checklist <br /> • HOME Lease Addendum <br /> The County disburses HOME funds to HOME awardees Once the above <br /> requirements are met <br /> *Typically,organizations apply for HOME funds well in advance of when they actually need them,so most projects do not begin <br /> the Environmental Review process or enter into Development Agreements until near the end of the program year in which they <br /> applied(e.g.,spring or summer of the following calendar year) <br /> 6 <br />