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15 <br /> Slide#8 <br /> Questions? <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Commissioner Portie-Ascott asked what the rental amount would be. <br /> Caitlin Fenhagen said there will be project-based vouchers that will cover the rent. She said Blake <br /> Rosser,Orange County's Housing Director, has confirmed that residents will be eligible for those vouchers. <br /> Commissioner Portie-Ascott asked about the prioritization of Orange County residents and how <br /> many approved residents currently reside in Orange County. <br /> Caitlin Fenhagen said that three of the eight approved residents currently live in Orange County. <br /> She said residents were selected before Orange County was involved in helping with the funding, but going <br /> forward,they are committed to maintaining 50%of the units for existing Orange County residents. <br /> Commissioner Carter asked if there are any remaining slots for Orange County residents. <br /> Laura Wells said that the tenant selection process was already completed before the county was <br /> involved in securing the final funding.She said Hope NC received 47 applications for eight slots, conducted <br /> an intensive selection process including interviews and a formal tenant selection plan, and ultimately <br /> selected all eight residents.She said six of the eight are existing Alliance Health members,one had recently <br /> returned from homelessness in Pennsylvania and is Alliance-eligible, and one is awaiting SSI approval but <br /> will also be Alliance-eligible. She said Hope NC is committed, with the county's funding agreement, to <br /> prioritizing Orange County residents for future unit turnover with a goal of maintaining at least 50%Orange <br /> County residency over time. <br /> Commissioner Carter said she appreciates the program and is excited about the step forward it <br /> represents for a community in great need of this type of support. However,she said that she is somewhat <br /> disappointed that only three of the eight incoming residents are current Orange County residents. She <br /> added that there is expected to be low turnover in permanent supportive housing. <br /> Vice-Chair Fowler noted that some of the 47 applicants who are not from Orange County may <br /> have previously lived in the county but been priced out or displaced. She said she has listened to Hope <br /> NC's meetings over the past several years and thinks it is wonderful that a$100,000 investment is helping <br /> to secure roughly $860,000 in already-committed funding. She said the Weaver's Grove setting is ideal, <br /> given it is a mixed-income, mixed-ability community, and highlighted the extreme difficulty of providing <br /> housing at 30%AMI to individuals with IDD. <br /> Commissioner McKee raised a question about the 30-year affordability period. <br /> Laura Wells said Hope NC is committed to maintaining affordability for people below 30% AMI <br /> indefinitely. She said the 30-year term reflects the requirements of specific funders, including the NC <br /> Housing Finance Agency and the Town of Chapel Hill.She said Habitat's ground lease ensures affordability <br /> at or below 80% AMI for the full 99-year term. She said if the Board desired, Hope NC would have no <br />