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42 <br /> 1 Slide#2 <br /> Background <br /> •2021 American Rescue Plan Act <br /> (ABPA) provided extra funding for <br /> the HOME program <br /> •Orange County awarded $1,371,401 in <br /> HOME-ARP funds <br /> n ORANGECOUNTY <br /> �► HOUSING DEPARTMENT <br /> 2 <br /> 3 Slide#3 <br /> Background, continued <br /> •Funds may only be used to assist <br /> residents exiting homelessness <br /> •Funds may be used for development, <br /> acquisition, supportive services, <br /> capacity building, and tenant-based <br /> rental assistance <br /> n ORANGE COUNTY <br /> O HOUSING DEPARTMENT <br /> 4 <br /> 5 Slide#4 <br /> Original plan was for development <br /> •February 7, 2023, BOCC approves plan <br /> •Allocate $1,165,291 for development of <br /> new affordable housing <br /> •$205,710 for administration <br /> nORANGE COUNTY <br /> HOUSING DEPARTMENT <br /> 6 <br />