2026-056-E-Housing Dept-Habitat for Humanity Orange County-CIP

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NORTH CAROLINA CAPITAL INVESTMENT PLAN DEVELOPMENT AGREEMENT ORANGE COUNTY This is an AGREEMENT between Orange County, a general local governmental unit of the State of North Carolina, (hereinafter referred to as the “County”) and Habitat for Humanity, Orange County, N.C., Inc., a North Carolina Non-Profit Corporation (hereinafter referred to as “Owner” or “Habitat for Humanity of Orange County”). The effective date of this Agreement is February 12 2026. WITNESSETH WHEREAS, 1317 US 70A in Hillsborough, North Carolina, is currently owned by Habitat for Humanity of Orange County, to develop the property for affordable residential units serving households earning from thirty percent (30%) of the HUD area median income to up to eighty percent (80%) of the HUD area median income; and WHEREAS, the County, in the implementation of the 2023-24 Capital Investment Plan solicited applications for Five Million ($5,000,000.00) of Affordable Housing Bond Funds from interested eligible organizations; and WHEREAS, Habitat for Humanity of Orange County, as the developer of the project, submitted an application for County funding for the development of site infrastructure at Auman Village at Meadowlands, in contribution to the delivery of seventy-five (75) needed new units of housing in Orange County, sixty (60) of which will be affordable Habitat homes sold to first-time homebuyers earning from thirty percent (30%) to up to eighty percent (80%) of AMI; and WHEREAS, the Orange County Board of Commissioners on January 16, 2024, approved the award to Habitat for Humanity of Orange County of Eight Hundred Thousand Dollars ($800,000.00) in FY 2023-24 Capital Investment Plan funding (hereinafter, “Project funds”) to support the development of site infrastructure, WHEREAS, Habitat for Humanity of Orange County intends to use the Project funds to assist with developing site infrastructure and improvements on the Property at Auman Village at Meadowlands, located at 1317 US 70A in Hillsborough, North Carolina, a development with a planned seventy-five (75) new units of housing in Orange County, sixty (60) of which will be affordable Habitat homes sold to first-time homebuyers earning between thirty percent (30%) and eighty percent (80%) of AMI. The Habitat homes will be 2, 3, and 4-bedroom townhomes featuring six different unit types to create an aesthetically pleasing and high-quality Project design. The remaining 15 units (20%) in Auman Village will be market-rate homes. The Project is located on property more particularly described in Exhibit A, Legal Description (hereinafter, the “Property”), attached hereto and made a part of this Agreement. All Exhibits Docusign Envelope ID: 4B02F05F-1410-4DCD-BCEE-8DD7A7B20DAF