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Sent By: ; <br />9870710; <br />Mar-22-00 B:18AM; <br />Page 2/3 <br />24 <br />Orange County HOME <br />Proposal for use of FY2000 <br />I. Generallnformation <br />Name of Organization: EmPOWE en Inc. <br />Name of Contact Person: M tes Presley <br />Telephone Number: 7 8 <br />Address: 705A West Rose a Street <br />Carr ro NC 27510 <br />11. Proposed Project <br />Program <br />- 2001 Funds <br />a. Project t9tle: D a ment/A u'sitian-Re <br />Location: throughout Orange County <br />b, please provide a brief summary of tha proposed project including <br />what the projectlprogram is, what the funding will be used for and <br />the specific population or area that will benefit. Please atkach <br />additional sheets if mots space is needed. <br />EmPOWERment, Inc., has now helped 24 families to buy homes through an aggressive <br />combination of new construction, acquisition-rehab, and dawnpayment assistance. <br />HpME funds have been our primary source of second mori~age financing, which is <br />necessary to help low-income families to buy their first homes. We are requesting an <br />allocation of $200,000 in HOME funds to continue this initiative throughout, Orange <br />County. <br />Amount of Requests, 5200.000 <br />Total Project Costs: +!- 1 080 00 <br />Number proposed to be served: 12 famil' in twelve units <br />Target population: famiii . mio less. han T0% area median income <br />Median income of project beneficiaries: n avers a families ' our ram earn <br />5~ o°! of AMI <br />What is the timetable for project completion? 12 months <br />Are aN funding commitments in place for the. project? No If na, what is the funding plan <br />far the project? Homes are funded an a project-by~project basis. With second mart a e <br />