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6 <br /> • Housing adults with I/DD at income levels of 30% AMI and below and therefore increasing <br /> the housing stock for individuals with I/DD, which is a population that experiences significant <br /> deficiencies when it comes to affordable housing units. The majority of individuals with I/DD <br /> have SSI as their main income source which is currently around 20% of AMI. <br /> FUNDING REQUEST <br /> Of the total acquisition cost of approximately $960,000 for the Phase 1 duplexes, this project has <br /> been awarded $569,000 from the NCHFA Supportive Housing Development Loan Program. The <br /> Town of Chapel Hill has committed a forgivable loan in the amount of$185,000. HOPE NC will <br /> provide $106,000 of the project funding. We have a capital campaign underway in the form of <br /> unsecured loans at below-market interest rates. So far, donors have committed $90,000; any <br /> remaining balance will be funded through HOPE NC's cash reserves, as committed in a recent board <br /> resolution. With $860,000 of funding secured, we are seeking funding for the remaining $100,000 <br /> for the closing in May 2026. <br /> Alliance Health has been a fantastic and generous partner in HOPE NC's Grosvenor Garden project, <br /> and we would welcome the opportunity to expand our relationship to Weavers Grove. Each 2- <br /> bedroom unit will be leased to two adults with I/DD. With Alliance's support of$100,000, or$50,000 <br /> per unit, we would set aside 2 units serving 4 Alliance consumers with I/DD. We welcome the <br /> ongoing participation of Alliance Health in HOPE NC's mission to expand affordable, inclusive <br /> housing options for adults with I/DD in the state of North Carolina. <br />