TITLE: Title
Approval of FY 2022-2023 HOME Investment Partnerships Program Annual Action Plan
PURPOSE: The purpose of this agenda item is for the Town Council to consider approving HOME Investment Partnerships Program's Annual Action Plan activities for FY 2022-2023.
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DEPARTMENT: Housing and Community Services
CONTACT INFORMATION: Rebecca Buzzard, Housing and Community Services Director, 919-918-7438, rbuzzard@townofcarrboro.org
INFORMATION: The federal HOME Investment Partnerships Program (HOME) provides formula grants to states and localities to fund a wide range of affordable housing activities. HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
Each year, state and local governments (Participating Jurisdictions) that receive 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 to address the goals and priorities in the five-year 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 County serves as the lead entity for the Orange County HOME Consortium.
In 2017, the Orange County Local Government Affordable Housing Collaborative (hereafter "the Collaborative") was created to enhance collaboration around affordable housing. The Collaborative includes elected officials and staff from the each of the four participating jurisdictions and serves as the HOME Program application review team and is charged with developing an annual HOME Program plan, the Annual Action Plan. The Annual Action Plan was completed based on the HOME award recommendations made by the Collaborative, detailed in the section below.
The Collaborative reviewed the received applications for the FY23 HOME Pr...
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