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4 <br /> RES-2026-013 <br /> RESOLUTION AMENDING A NOVEMBER 2020 RESOLUTION REGARDING THE <br /> 2020 ORANGE COUNTY AFFORDABLE HOUSING BOND PROGRAM <br /> BE IT RESOLVED, by the Orange County Board of Commissioners,upon <br /> recommendation by Orange County Housing Staff, approve the following amendment to the <br /> awards for the 2020 Affordable Housing Bond Program: <br /> CASA <br /> Funds will be allocated to CASA as a grant for development of 2200 Homestead Road, a mixed- <br /> income rental and homeownership development in Chapel Hill with 113 affordable units and <br /> four(4) market-rate units. Affordable units will be leased or sold to households earning less than <br /> thirty percent(30%) and up to eighty percent(80%) of the area median income. <br /> (Requested amount: $1,000,000) $1,000,000 <br /> Community Home Trust <br /> Funds will be allocated to the Community Home Trust as a grant for development of 2200 <br /> Homestead Road, a mixed-income rental and homeownership development in Chapel Hill with <br /> 113 affordable units and four(4) market-rate units. Affordable units will be leased or sold to <br /> households earning less than thirty percent(30%) and up to eighty percent (80%) of the area <br /> median income. <br /> (Requested amount: $500,000) $500,000 <br /> EmPOWERment,Inc. <br /> Funds will be allocated to EmPOWERment, Inc. as a grant for development of PEACH <br /> Apartments, a rental development with eight (8)units on Johnson Street in Carrboro. Units will <br /> be leased to households earning less than thirty percent (30%) and up to sixty percent(60%) of <br /> the area median income. <br /> (Requested amount: $700,000) $700,000 <br /> Habitat for Humanity of Orange County <br /> Funds will be allocated to Orange County Habitat for Humanity as a grant for development of <br /> Weaver's Grove, a mixed-income, mixed-use homeownership development in Chapel Hill with <br /> 100 affordable units and 136 lots to be sold for market-rate development. The 100 affordable <br /> homes will be sold to households earning between thirty percent (30%) and eighty percent (80%) <br /> of the area median income. <br /> (Requested amount: $1,500,000) $1345160 <br /> Interchurch Council Housing Corp <br /> Funds will be allocated to Interchurch Council Housing Corp as a grant for repair of the stairwell <br /> at Chase Park Apartments, an affordable rental property in Chapel Hill with 40 affordable units <br /> leased to households earning less than thirty percent (30%) and up to sixty percent(60%) of the <br /> area median income. <br /> (Requested amount: $1,500,000) $165,840 <br />