Agenda - 06-17-2003-9a - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 17, 2003 Action Agen a Item No. ~_ SUBJECT: Housin Bond Pro ram NT: Housing/Community Dev. PUBLIC HEARING: (YIN) No DEPARTME ATTACHMENT(S): INFORMATION CONTACT: Tara L. Fikes, ext 2490 Proposal Summaries Bond Applications (Previously Provided T FliEsboOrough 732 8881 Under Separate Cover) Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider awarding funding to affordablended Iagen~y detailing then onditions of the Manager to issue a Letter of Commitment to each fu 9 award. BACKGROUND: Orange County voters approved the second Affordable Housing Bond issue in November 2001 for affordable housing in the amount of $4 million dollars. On November 4, 2002, the County issued a Request for Proposals soliciting applications for the first round of bond funding with total available funds of $1 Spe oat Needs InOwnership or established in the S llec al Needs Rental and Cooperatipe Housing. Rentals; and Non p Applications were due by the end of business on December 16, 2002, and five (5) applications ro osals requested a total of $1,267,000. A were received by the deadline date. The five (5) p p p lications is summary of each application is provided with this abstract and a full co y of the app provided under separate cover. times to review applications and also invited each The Project Review Committee met three (3) applicant to meet with the Committee to discuss their a Affordable Hous ng Advisory Board Review and Selection (PRS) Committee included three members -Frances Douglas, Stephen Jenks and Tracey Dudley; and the following staff persons -Assistant County Manager Gwen HarveYna ° e Dgect rr Ken'Chav'ouspJame DHarr sr Tara L. Fikes; Planning Director Craig Benedict, Fi of Carrboro; Loryn Barnes of the Town of Chembersl on De ember 2h2002e The PRS Hillsborough. The BOCC appointed these m Committee funding recommendations are indicated in the chart below.