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File #: 20-182    Version: 1 Name:
Type: Agendas Status: Agenda Ready
File created: 4/14/2020 In control: Board of Aldermen
On agenda: 4/21/2020 Final action:
Title: Consideration of Approving the Five-Year Orange County Consolidated Plan and FY2021 HOME Activities PURPOSE: The purpose of this item is for the Town Council to consider approving the draft FY20-21 through FY24-25 Orange County Consolidated Plan and FY21 HOME Activities.
Attachments: 1. Attachment A Resolution Approving Consolidated Plan 042120, 2. Attachment B - Resolution HOME 2020-2021.docx, 3. Attachment C Orange County NC Consolidated Plan - Summary, 4. Attachment D Orange County NC Consolidated Plan - Published Draft_1, 5. Attachment E - HOME Summary 2020-2021
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TITLE: Title
Consideration of Approving the Five-Year Orange County Consolidated Plan and FY2021 HOME Activities
PURPOSE: The purpose of this item is for the Town Council to consider approving the draft FY20-21 through FY24-25 Orange County Consolidated Plan and FY21 HOME Activities.
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DEPARTMENT: Housing and Community Services

CONTACT INFORMATION: Rebecca Buzzard, Director of Housing and Community Services, 919-918-7438, rbuzzard@townofcarrboro.org

INFORMATION:
Consolidated Plan
Every five years, state and local governments ("Participating Jurisdictions") that receive HOME Investment Partnerships Program funds from the U.S. Department of Housing and Urban Development ("HUD") are required to complete a Consolidated Plan that assesses the housing and community development needs of their jurisdiction, analyzes market conditions, and lays out a strategic plan that identifies priority needs and associated goals and anticipated allocations of federal and other funds.
The Orange County HOME Consortium (also called the Local Government Affordable Housing Collaborative) is comprised of the Towns of Carrboro, Chapel Hill, and Hillsborough and Orange County. The Consortium completed the Consolidated Plan through extensive data analysis and community engagement conducted in partnership with Apiary Community Consulting and University of North Carolina researchers.
The Consolidated Plan must be approved by the governing bodies of the HOME Program Consortium before it can be submitted to HUD on May 15, 2020. A two-page summary of the Consolidated Plan is included as Attachment C and the full draft of the Consolidated Plan is included as Attachment D.
FY21 HOME Activities
For FY 2020-2021, Orange County anticipates receiving the following HOME resources:
FY 2020-2021 HOME Funds
$ 374,851
HOME Program Income
$ 13,000
Local Match (25% of HOME)
$ 93,712
Total
$ 481,563

The above amounts are estimates and may be adjusted according to the actual allocation received...

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