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C H C D <br /> ORANGE COUNTY HOUSING & COMMUNITY DEVELOPMENT <br /> Orange County Assistance Policy <br /> Essential Single4amily Rehabilitation Loan Pool 2020 <br /> What is the Essential Single4amily Rehabilitation Loan Pool ? <br /> Orange County has been awarded Membership by the North Carolina Housing Finance Agency <br /> ( " NCHFA" ) under the 2020 cycle of the Essential Single - Family Rehabilitation Loan Pool ( " ESFRLP20 " ) . <br /> This program provides Members with funds via a " loan pool " to assist with the rehabilitation of <br /> moderately deteriorated homes that are owned and occupied by lower- income , special need <br /> households ESRLP20 assists eligible households by facilitating aging in place , meeting minimum housing <br /> code requirements, promoting long- term affordability, lowering operating costs, and stabilizing pre - <br /> 1978 homes that include children aged six or under whose health is threatened by the presence of lead <br /> hazards . <br /> Orange County has been allocated an initial set- aside of $ 190, 000 to be used for rehabilitation of five ( 5 ) <br /> homes in Orange County . After demonstrating successful use of this allocation , the County may access <br /> additional funds, when available , on a unit- by- unit basis from the ESFRLP loan pool to assist additional <br /> homes . <br /> This Assistance Policy describes who is eligible for assistance under ESFRLP20 , how applications for <br /> assistance will be ranked , what the terms of assistance are , and how the rehabilitation process will be <br /> managed . Orange County has designed the ESFRLP20 project to be fair, open and consistent with its <br /> approved application for funding and with ESFRLP20 Program Guidelines . <br /> The funds provided by NCHFA come from the U . S . Department of Housing and Urban Development <br /> ( " HUD " ) HOME Investment Partnerships Program ( " HOME " ) for construction - related costs ( hard costs ) <br /> and will be provided as no interest, no payment loans, forgiven at the rate of $ 5 , 000 per year . Non - <br /> construction - related costs ( soft costs including lead /asbestos inspections/ clearances, radon testing and <br /> environmental reviews ) will be provided in the form of a grant . <br /> EMERGENCY and HEALTH Notifications : Due to the current COVID49 pandemic, increased awareness <br /> of the need to protect Orange County representatives and the homeowners they serve from various <br /> health related exposures has become more apparent than ever . Homeowners participating in the <br /> ESFRLP program must agree to follow all local , state and federal guidelines for emergency preparedness <br /> surrounding the COVID - 19 pandemic and any other emergency declared that includes their property <br /> address for the duration of construction on the property . <br /> Who is eligible to apply ? <br /> To be eligible for ESFRLP20 assistance , applicants must : <br /> • Reside within the county limits of Orange County and own and occupy the home in need of <br /> rehabilitation <br /> • Have a household income which does not exceed 80 % of the County median income for the <br /> household size ( see income limits below ) <br /> • Have a special need ( i . e . , be > 62 years old , handicapped or disabled , a single parent with a <br />