Agenda - 05-06-2010 - 4j - Laserfiche WebLink

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Orange County PY 2010 - 2015 Consolidated Plan In Chapel Hill and Carrboro, the number of rental units far exceeds the number of units occupied by homeowners. This is likely attributable to the large population of UNC-Chapel Hill students living in the Chapel Hill and Carrboro areas. Approximately 38% of the 49,289 housing units in Orange County are available as rental units, as determined by the 2000 Census. Using 2007 American Community Survey data, HUD determined the 2010 fair market rents (which establish the rent ceiling for the HOME Program and are generally considered to represent rents affordable to moderate-income households) for Orange County to be $542 for an efficiency apartment, $742 fora 1-bedroom, $832 fora 2-bedroom, $1,087 fora 3-bedroom, and $1,172 for a four bedroom unit. CHAS data indicates that, of the County's total occupied rental units, only 26.7% paid' rent at a rate of less th 20% of the tenant household's income; 43.3% or renter households paid rent ' n amount greater than 35% of the household's income, indicating a high d of cost burden. In order to ease this burden, additional rental units, afford households with low and moderate incomes, are needed. 2006-2008 American Community Survey data rep County (14.2%) had incomes below the pove since 1990. Based on 2000 Census data, 6. o population in Orange County fell below the p y of 18, 9.0% lived in poverty while 7.4% of al had income below the poverty level. Families li more common in Chapel Hi11 and orough, bu higher percentage of individuals i compa municipalities. In addition to housing service needs. Many of jobs. Some of them seek or maintain ' problems. Many benefit from special esteem issues. The shE poverty o tE people ng that 15,3 ople in Orange gel-an increas ,576 people Tamil' s and 14. the total lin II children u er the age sidents aged 65 or greater Below the poverty level were rboro showed a significantly all other Orange County ~s, per li i rty often have other social ck the b s neces ary to obtain and hold decent mother o need affordable childcare while they need tr ent for medical or substance abuse below th overty level are children who would eir educational, recreational and self- e ety of problems faced by people living in to overwhelm even the most capable and determined ~f cyclical, generational poverty. ~nersh~ in Orange County and the limited supply of safe, continue to be major challenges for low-income families. :rious challenges with high cost, inadequate supply, and city students for limited housing stock. Access to munities that are practically walkable also presents a de Chapel Hill and Carrboro. How will the Orange County Consortium address the community's needs for decent, affordable housing? The Consortium will address these needs by partnering with local non-profit agencies such as: Community Home Trust is a housing development corporation, whose operating budget is funded by Orange County, Chapel Hill and Carrboro. The organization 10 Orange County 5-Year Strategic Plan 7 PY 2010 - 2015