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3-01 <br /> RES-2020-067 �0 <br /> RESOLUTION AWARDING FUNDS FOR THE 2020 <br /> ORANGE COUNTY AFFORDABLE HOUSING BOND PROGRAM <br /> BE IT RESOLVED,'by the Orange County Board of Commissioners,upon <br /> recommendation by the Orange County Affordable Housing Advisory Board, approve the <br /> following awards for the 2020 Affordable Housing Bond Program: <br /> Center for Community Self-Help <br /> Funds will be allocated to the Center for Community Self-Help as a grant for development of <br /> 2200 Homestead Road, a mixed-income rental and homeownership development in Chapel Hill <br /> with 113 affordable units and four(4)market-rate units. Affordable units will be leased or sold <br /> to households earning less than thirty percent(30%) and up to eighty percent(80%) of the area <br /> median income. <br /> (Requested amount: $1,500,000) $1,500,000 <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) $134,160 <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 /> This is the 50'day of November,2020. WCY <br /> missioners <br /> W 1,�� ', <br /> fa 16 1 <br /> tit <br /> ar� <br /> SEAL <br /> N <br />