TITLE: Title
Approval of the Amended 2017-18 HOME Investment Partnership Program Plan
PURPOSE: The purpose of this item is for the Board to consider approving the HOME Investment Partnership Program's amended plan for FY 2017-18 based on HUD's decrease in HOME funding.
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DEPARTMENT: Town Manager's Office
CONTACT INFORMATION: Nate Broman-Fulks, Assistant to the Town Manager, 919-918-7314, nbroman-fulks@townofcarrboro.org
INFORMATION: The elected bodies of the members of the Orange County HOME Consortium (Carrboro, Chapel Hill, Orange County, and Hillsborough) approved a HOME Program plan on April 25, 2017, based on estimated funding as the federal budget had not been approved. On June 14, 2017, the U.S Department of Housing and Urban Development (HUD) notified grantees of FY2017-2018 allocations. The approved plan included activities totaling $466,407 in estimated funding. The June 14th notification from HUD has Orange County's actual HOME funding at $394,656, a decrease of approximately 15%.
Summary of Amended Recommended 2017-18 HOME Program Plan
The HOME Program Review Committee recommends the following amended 2017-2018 HOME Program:
Approved Amended
Habitat for Humanity Second Mortgage Assistance $250,000 $211,830
Empowerment Property Acquisition 82,000 69,480
Housing Rehabilitation 65,900 55,839
Rebuilding Together Safe & Healthy Home Repair 33,680 28,538
Orange County Administration 34,827 28,969
$466,407 $394,656
FISCAL & STAFF IMPACT: Carrboro's portion of the local match will be $9,777, 15% of the total local match.
RECOMMENDATION:r That the Board: (1) Approve the amended plan developed by the HOME Program Review Committee for use of $394,656 of 2017-2018 Orange County HOME Program funds; and (2) authorize this plan to be incorporated into the Annual Update to the 2015-2019 Consolidated Plan for...
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