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Approve the 2021-2022 HOME Investment Partnership Program Annual Plan.
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Staff:
Department:
Loryn Clark, Executive Director
Housing and Community
Sarah Osmer Vi?as, Assistant Director
Nate Broman-Fulks, Affordable Housing Manager
Megan Culp, Community Development Program Manager
Overview: The Orange County HOME Consortium receives an annual allocation of federal HOME Investment Partnership Program funds from the U.S. Department of Housing and Urban Development to address County-wide affordable housing needs. The recommended plan includes funding eligible affordable housing projects for use of $677,267 of 2021-2022 HOME Program funds. HOME funded projects must benefit households earning 80% or less of the area median income ($72,700 for a four-person household).
Background
* Orange County is the lead entity for the HOME Program Consortium.
* The Consortium includes four participating jurisdictions (Chapel Hill, Carrboro, Hillsborough, and Orange County).
* In 2017 the HOME Consortium was expanded to create the Orange County Local Government Affordable Housing Collaborative. The purpose of the Collaborative is to enhance collaboration around affordable housing among the jurisdictions in the County.
o The Collaborative includes elected officials and staff from the each of the four participating jurisdictions and serves as the HOME Program Consortium application review team, charged with developing an annual HOME Program plan.
o Council Member Karen Stegman represents the Chapel Hill Town Council on the Collaborative.
* All participating jurisdictions must approve and authorize submission of the plan prior to submittal to the U.S. Department of Housing and Urban Development (HUD).
* The Collaborative recommends the Council review and approve a 2021-2022 HOME Program Plan.
Recommendation(s):
That the Council:
1. Approve a spending plan recommended by the Collaborative for use of $677,267, including $378,743 of 2021-2022 Orange County HOME Pro...
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