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2 <br />FINANCIAL IMPACT: There is currently approximately $185,707 available from the FY 2001 <br />Affordable Housing Bond Program. This amount is less than the OCHLT original request of <br />$200,000. At this time, some applicants have indicated that they will not use their full allocation; <br />therefore additional funds may be available to fund the remaining portion of the request or <br />$14,293. A spreadsheet detailing all Affordable Housing Bond Program Financial Activity to <br />date is included with this abstract as additional information. <br />RECOMMENDATION (S): The Manager recommends that the Board award housing bond <br />funds in the amount of $185,707 to Orange Community Housing and Land Trust (OCHLT) to <br />provide subsidy to Land Trust homebuyers. <br />