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Orange County, North Carolina - AIFCH - 2007 <br />costs by percent of AMI are higher for Orange County than for North Carolina as a whole. <br />(Tables 8-12) <br />In order to afford the FMR for atwo-bedroom apartment, a renter must work 66 hours pef week, <br />52 weeks a year. Or, working 40 hours per week year round, a household must include 1.7 <br />workers earning the mean renter wage in order to make the two-bedroom FMR affordable. <br />A minimum wage renter would have to work 117 hours a week, 52 weeks a year to afford the <br />FMR for atwo-bedroom apartment. Or, working 40 hours a week year round, a household must <br />include 2.9 workers earning minimum wage to afford atwo-bedroom FMR apartment. <br />Table 8 -.Maximum Affordable Monthly Housing Costs by % Family AMI <br />'':% Area'Median <br />Income Affordable Housing <br />Costs <br />30% $463 <br />>50% $771 <br />''80% '' $1,234 <br />`100% '' $1,543 <br />Table 9 -Annual Income Needed to Afford FMR -Orange County <br />__ <br />Bedroom Size <br />Annual.Income <br />::Zero-Bedroom $20,440:, <br />'One-Bedroom $28,000 <br />Two-Bedroom $31;400. <br />Three' Bedroom $41;200 <br />>sFour-Bedroom $44;200 <br />Table 10 -Percent of Family AMI Needed to Afford FMR <br />Bedroom Size % of Family AM1 <br />`Zero-Bedroom 33% <br />'One'-Bedroom 45% <br />':Two'-Bedroom 51 <br />Three-Bedroom 67% <br />Four-Bedroom 72% <br />9 <br />