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12 <br /> <br />Habitat for Humanity, Orange County, NC, Inc. <br />PRELIMINARY BUDGET <br />For Phases I &II, Richmond Hills Subdivision <br />(construction of subdivision infrastructure and first 25 homes) <br />Proposed Sources of Funds <br />Orange County Housing Bond Funds 460,000 <br />@$18,400 per unit (second mortgage) <br />Habitat for Humanity of Orange County Partnership Funds 625,000 <br />Habitat for Humanity, Orange County 620,850 <br />(Millenium Fund, other Fundraising) <br />North Carolina CDBG/TANF funds 250,000 <br />(grant) <br />Habitat for Humanity International/HUD <br />Self-Help Opportunity Program (SHOP) <br />(75% grant, 25% loan) 250,000 <br />Federal Home Loan Bank Affordable Housing Program 175,000 <br />@ $7,000 per unit (third mortgage) <br />Total Sources of Funds $ 2,380,850 <br />H= for house construction costs <br />I = for infrastructure costs <br />L= for land purchase <br />L, I <br />H <br />H,I <br />I <br />I <br />H <br />C:\W INDOW S\TEMP\RevRich Ldce <br />