Title
Approval of the 2023-2024 HOME Investment Partnership Program Annual Plan Activities
PURPOSE: The purpose of this agenda item is for the Town Council to consider approving the HOME Investment Partnership Program's Annual Plan activities for FY 2023-2024.
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Department
DEPARTMENT: Housing and Community Services
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Contact
CONTACT INFORMATION: Anne-Marie Vanaman, Interim Housing and Community Services Director, amvanaman@carrboronc.gov
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Council Direction
COUNCIL DIRECTION:
_X__ Race/Equity ____ Climate __X_ Comprehensive Plan ____Other
Council Direction Statement
Racial Equity: The Affordable Housing Special Revenue Fund has provided local matching funds for the HOME program annually. A full assessment using the Racial Equity Assessment Lens has been completed and reviewed by the Racial Equity Commission. A summary of this assessment can be found in Attachment C.
Comprehensive Plan: Chapter 3. Affordable Housing. Goal 2. Increase the number of rental units that are permanently affordable to very low-income households earning up to 60% of Area Median Income (AMI) with a particular focus on those earning less than 30% AMI and historically disadvantaged households.
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Information
INFORMATION: Every year, state and local governments ("Participating Jurisdictions") that receive HOME Investment Partnerships Program ("HOME") funds from the U.S. Department of Housing and Urban Development ("HUD") are required to complete an Annual Action Plan that lays out how they will allocate HUD funds for the upcoming program year in order to address the goals and priorities in the Consolidated Plan.
Orange County is a special type of Participating Jurisdiction, called a Consortium, consisting of Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. Orange[RW1][AMV2] County serves as the lead entity for the Orange County HOME Consortium. To enhance collaboration on affordable housing among the jurisdictions in the County, the Oran...
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