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RES -2026- 013 <br /> RESOLUTION AMENDING A NOVEMBER 2020 RESOLUTION REGARDING THE <br /> 2020 ORANGE COUNTY AFFORDABLE HOUSING BOND PROGRAM <br /> BE IT RESOLVED , by the Orange County Board of Commissioners , upon <br /> recommendation by Orange County Housing Staff, approve the following amendment to the <br /> awards for the 2020 Affordable Housing Bond Program : <br /> CASA <br /> Funds will be allocated to CASA as a grant for development of 2200 Homestead Road, a mixed- <br /> income rental and homeownership development in Chapel Hill with 113 affordable units and <br /> four (4) market-rate units . Affordable units will be leased or sold to households earning less than <br /> thirty percent (30 %) and up to eighty percent (80 %) of the area median income . <br /> (Requested amount: $ 13 000) 000) $ 190009000 <br /> Community Home Trust <br /> Funds will be allocated to the Community Home Trust as a grant for development of 2200 <br /> Homestead Road, a mixed- income rental and homeownership development in Chapel Hill with <br /> 113 affordable units and four (4) market-rate units . Affordable units will be leased or sold to <br /> households earning less than thirty percent (30%) and up to eighty percent ( 80 %) of the area <br /> median income . <br /> (Requested amount: $500, 000) $ 5009000 <br /> EmPOWERment, Inc. <br /> Funds will be allocated to EmPOWERment, Inc . as a grant for development of PEACH <br /> Apartments , a rental development with eight ( 8 ) units on Johnson Street in Carrboro . Units will <br /> be leased to households earning less than thirty percent (30 %) and up to sixty percent (60 %) of <br /> the area median income . <br /> (Requested amount: $ 700, 000) $ 7009000 <br /> Habitat for Humanity of Orange County <br /> Funds will be allocated to Orange County Habitat for Humanity as a grant for development of <br /> Weaver ' s Grove, a mixed-income, mixed-use homeownership development in Chapel Hill with <br /> 100 affordable units and 136 lots to be sold for market-rate development. The 100 affordable <br /> homes will be sold to households earning between thirty percent (30 %) and eighty percent ( 80 %) <br /> of the area median income . <br /> (Requested amount: $ 1) 5003000) $ 134 , 160 <br /> Interchurch Council Housing Corp <br /> Funds will be allocated to Interchurch Council Housing Corp as a grant for repair of the stairwell <br /> at Chase Park Apartments, an affordable rental property in Chapel Hill with 40 affordable units <br /> leased to households earning less than thirty percent (30 %) and up to sixty percent (60%) of the <br /> area median income . <br /> (Requested amount: $ 1 , 500, 000) $ 1659840 <br />