A RESOLUTION APPROVING THE ACTIVITIES OF THE 2007-2008 HOME PROGRAM AND AMENDING THE FISCAL YEAR 2004-2005; 2005-2006; AND 2006-2007 HOME PROGRAM PLANS (2007-04-23/R-6)

 

WHEREAS, the Council of the Town of Chapel Hill held two public forums to receive citizen comments and proposals regarding the use of 2007-2008 HOME Program funds; and

 

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 2007-2008:

 

1.      Homeownership Assistance          Orange Community Housing and

    Land Trust                                      $140,000

(Carrboro single family homes)

 

2.      Rental Assistance                          Tenant Based Rental

Assistance Orange-Person-

Chatham Mental Health Initiative      $  23,883

 

3.      New Construction                         Habitat for Humanity

 (County-wide)                                   $250,000

 

Orange Community Housing and

    Land Trust                                      $300,000

                                                             (Tax Credit Rental Project)

 

4.      Operational Support                      Orange Community Housing and

             Land Trust                                         $ 30,000

 

5.      Administration                              Orange County Housing

                                                            and Community Development            $  66,122

            TOTAL                                                                                               $810,005

 

BE IT FURTHER RESOLVED, by the Council of the Town of Chapel Hill that the Council approves the following amendment for Fiscal Years 2004, 2005, and 2006 due to changes in project plans:

  1. The reallocation of $70,000 in FY 2004 funds to Orange Community Housing and Land Trust for Second Mortgage Assistance in the Winmore subdivision to Homebuyer Assistance in the Culbreth Park and Tandler subdivisions in Chapel Hill. 
  2. The reallocation of $70,000 in FY 2005 funds to Habitat for Humanity for New Construction for Sunrise Ridge to New Construction for the Purefoy Drive subdivision.
  3. The reallocation of $26,000 in FY 2005 funds to Weaver Community Housing Association for rental assistance to a Tenant Based Rental Assistance Program in support of the OPC Mental Health Agency Homelessness Initiative.
  4. The reduction of FY 2004, 2005, and 2006 funds to EmPOWERment for second mortgage assistance from $334,000 to $250,000 for homebuyer assistance through Orange County. The remaining $84,000 will be provided to a Tenant Based Rental Assistance Program in support of the OPC Mental Health Agency Homelessness Initiative.  
  5. The reallocation of $120,000 in FY 2006 funds to Orange Community Housing and Land Trust from second mortgage assistance in the Waterstone subdivision to homebuyer assistance for land trust homes in Orange County.
  6. The reallocation of $100,027 in FY 2006 funds to the Chrysalis Foundation to a Tenant Based Rental Assistance Program in support of the OPC Mental Health Agency Homelessness Initiative. 

 

BE IT FURTHER RESOLVED, by the Council of the Town of Chapel Hill 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, 2007.

 

This the 23rd day of April, 2007.