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Orange Coun#y H4M~ Pragran~ <br />P~oposat far use ofi FY20QQ - ~QU 7 ~ Funds <br />!.' ; General lnfarmation <br />Name of Crganizafiion: <br />Name of Contact Person: P~.tricia conaol3. <br />Telephone Number: ~ (919) 913-4032 . <br />Address- E. w aver St. Suite 300 <br />Carrboro, NG 27510 ~ F <br />11. Proposed Project <br />a. Project time: OPC SPec~ Needs Housing <br />Project logtiloe_ To Ee Selected whey funding xs race dT' ' <br />b. Please provide a brief summary of the proposed project including what <br />the proj~pro9rom ls, what • the funding will be used for and the <br />spec~fc population or area that will i~enefrt. Please a#tach additional <br />sheets if more .space is needed. <br />The proposed project is for housing acquisition and rehab. The target pope <br />is for the "Iow~est income people who gave d~.sabil~.ties." The fallowing is <br />example o£ an andiva,dual living oa SSY income in NC in 1998 representing <br />this populata.oa: Actual M:ontTy P~.yment X494 <br />~ of Median Income 23.2$ <br />Bourly Aage Equivalent $3.09 <br />~ of income needed to neat a one <br />bedroom apt. in NC (1998) 73.2 <br />• Source: ^Priced out 3.a 1998: The Housing Crisis for People with Aisabalz~ <br />Technical Ass~.stance Collaborative and the Consortium far C~.tizens writh <br />Disabilities Task Force, <br />Amount of Request: 1$0 000• <br />Total Project Costs: ~i$a,ooo ~ '°" '--' . <br />Number proposed to be•served: 8 4 - 5 <br />people units <br />Target populations,owe~t r„rn•~n•~°„•pan ' • ahi~--ties <br />% Median income of project beneficiaries Less than 30~ <br />What is the timetable for project completion? 1 year <br />'Are all funding commitments in place for the project? No If •no, what is the <br />funding plan for the project? Supported hausizeg for this papu.latfon requ~.res a real <br />cvmmitmeat of resources. Pro"ects for this o. ulat'on re nice e s die TTi.i. <br />project cannot support the type of debt other "affordable housing" projects carry. <br />rental income is ply retvm completed document to: • extremely tom. <br />_ Orange Caunty Housitig/Community Development Department ' <br />~P-~. Box 87 81 <br />Hilisborouglt, NC 27278 <br />~Y . <br />MARCH 20, 2004 <br />