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14 <br />Housing Bond Project Summary <br />Applicant: <br />Orange Community Housing Corporation <br />~ Project Title: <br />Orange County Urgent Repair Program <br />~ Request for Bond Funds: <br />$100,000 <br />~ Total Project Costs: <br />$268,700 <br />~ Bond Fund Leverage: <br />37% bond funds; 63% other funding sources <br />~ Project Description: <br />Orange Community Community Housing Corporation (OCHC) requests a grant in the <br />amount of $100,000 to provide support to their existing Urgent Repair Program (URP) during <br />the next three years. Bond funds would be used for hard costs including materials and labor; and <br />project management and administration costs. <br />Target Population/Projected Outcome: <br />30 owner-occupied houses would be repaired under this program. The owner occupants <br />would have incomes at or below 50% of area median income. <br />25% of the funds would be targeted to the incorporated areas of Carrboro and Chapel <br />Hill; the remaining 75% would be targeted to the remaining areas of the County. <br />Project Schedule <br />Project Completion - June 2001 <br />Long Term Affordability Vehicle <br />No statement was provided by the <br />