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CABARRUS COUNTY <br />REGULAR MEETING <br />1 0 FEBRUARY 16, 2015 <br />1 <br />1 P.M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />Planning and Development - HOME Program 2015 -2016 Funding Year - <br />Public Hearing 6:30 P.M. <br />BRIEF SUMMARY: <br />Staff is proposing a project that will potentially work with Prosperity <br />Unlimited, the City of Kannapolis, and Wesley Community Development <br />Corporation to use 2015 -2016 HOME funds to assist in constructing a tax <br />credit housing project for seniors. The proposed site is located on Little <br />Texas Road. <br />This site is conveniently located for affordable housing units for seniors <br />age 55 and older. Available amenities include a municipal bus route that <br />runs along Little Texas Road and the Lunch Plus Program for seniors <br />which is located at the Living Water Church of God adjacent to the <br />proposed site. <br />Cabarrus County has traditionally provided single family housing <br />rehabilitation services with HOME funds, however, in recent years it has <br />been difficult to qualify clients. There is still an excess of housing <br />rehabilitation funds at this time. Additionally, this project responds directly <br />to a need identified in the Aging Strategic Plan. Housing for seniors was <br />identified by the Strategic Aging Committee's housing subcommittee as a <br />high priority. This proposal will require match funds that will be proposed <br />as part of the annual county budget. The match will be approximately <br />$25,000. The use of HOME funds means fewer tax credit dollars are <br />needed which will make this project more competitive. <br />REQUESTED ACTION: <br />G -2 Page 117 <br />