A RESOLUTION APPROVING THE ACTIVITIES OF THE 2006-2007 HOME PROGRAM (2006-04-24/R-8)

WHEREAS, the Council of the Town of Chapel Hill held two public hearings to receive citizen comments and proposals regarding the use of $665,560 of federal 2006-2007 HOME Program funds, and $149,751 of local matching funds for a total of $950,583;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council approves the following activities to be carried out by the members of the Orange County HOME Consortium in 2006-2007:

Homeownership Assistance	Orange Community Housing and
	Land Trust (Waterstone)	$120,000
	EmPOWERment, Inc.
	(Northside and Pine Knolls)	$159,000
New Construction	Habitat for Humanity
	(Fairview)	$240,000
	Habitat for Humanity
	(Purefoy Drive)	$250,000
Acquisition	Chrysalis Foundation	$100,027
Operational Support	Orange Community Housing and
Land Trust	$ 15,000
Administration	Orange County Housing	$  66,556
TOTAL		$950,583

BE IT FURTHER RESOLVED that the Council authorizes this plan to be incorporated into the Annual Update to the 2005-2010 Consolidated Plan developed with Orange County, Hillsborough and Carrboro for submittal to the U.S. Department of Housing and Urban Development on May 15, 2006.

BE IT FURTHER RESOLVED that the Council authorizes reallocation of $100,000 previously awarded to the Town of Hillsborough for infrastructure development for a joint affordable housing project with Habitat for Humanity in the Fairview neighborhood. 

This the 24^th day of April, 2006.