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FINANCIAL IMPACT: The program requires a 50% cash match or $250,000 for an application <br />requesting $500,000 in TANF funding. The $250,000 matching fund will be expended from federal and <br />state TANF funds currently in the Department of Social Services FY 1999-2000 Budget. Thus, the total <br />potential program amount could be $750,000. All program costs will be covered by the grant funding <br />and the required cash match contribution. No County funding will be necessary. <br />RECOMMENDATION(S): The Manager recommends approving the submission of a funding <br />proposal to the North Carolina TANF Housing Program without the need for County funding and <br />authorizes the Chair to sign a letter of support on behalf of the Board. <br />