title
Approve the 2018-2019 HOME Investment Partnership Program Annual Plan.
body
Staff:
Department:
Loryn Clark, Executive Director
Housing and Community
Nate Broman-Fulks, Affordable Housing Manager
Renee Moye, Community Development Program Manager
Overview: The Orange County Local Government Affordable Housing Collaborative (the Collaborative) asks the Council to review and approve a 2018-2019 HOME Program Plan. The Collaborative comprises elected officials and staff from the each of the four participating jurisdictions (Chapel Hill, Carrboro, Hillsborough, and Orange County acting as the lead entity). Council Member Bell represents the Council on the Collaborative. The Collaborative serves as the HOME Program Consortium review team. One of the charges of the Collaborative is to develop an annual HOME Program plan. 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).
Recommendation(s):
That the Council:
1. Approve a plan developed by the Collaborative for use of $491,642 of 2018-2019 Orange County HOME Program funds and $13,306 in program income; and approve the reallocation of $63,200.00 in unexpended FY2013 Community Housing Development Organization (CHDO) funding.
2. Authorize Orange County to issue RFPs and determine if CHDO funds could be used by one or both of the identified CHDOs (Community Home Trust and CASA), in order to meet HUD requirements or de-obligate funds.
3. Authorize this plan to be incorporated into the Annual Update to the 2015-2019 Consolidated Plan for Orange County.
Summary of Recommended Plan:
* EmPOWERment, Inc. - Acquisition $145,000
* Orange County- Tenant-Based Rental Assistance & Rapid Rehousing $139,613
* CHDO Set Aside (15% of grant) For Subsequent RFP Process $ 60,201
* Community Home Trust - Homeownership Assistance $ 60,000
* Habitat for Humanity - Second Mortgage Assistance $ 60,000
* Admini...
Click here for full text