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 (2007-05-07/R-10)

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;

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 7th day of May, 2007.