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5 <br /> accomplished through a series of public meetings, stakeholder interviews, resident surveys, <br /> statistical data, and review of previous community development plans. <br /> This planning process also involves an analysis of HUD Comprehensive Housing Affordability <br /> Strategy(CHAS) data, which provides statistical data on housing needs, to prepare its estimates <br /> and projections, 2007-2011 American Community Survey Estimates, and the 2010 U.S. Census. <br /> This data is the most current information available to assess housing needs, homeless needs, <br /> special needs, social service needs, economic development needs, and other related needs. <br /> In HUD's assessment of Consortia across the county, those who truly meet the HOME program <br /> goals to address the most pressing affordable housing needs look less at geographic boundaries <br /> in their operations.Those Consortia allocate funding according to local needs, capacity to use the <br /> funds and a regional strategy that addresses the broader housing needs of the Consortium as a <br /> whole—for the success and betterment of the whole—for a better quality of life and economic <br /> vitality for all the communities individually and collectively. <br /> The Orange County HOME Consortium is receiving$311,832 from HOME funds for the IFFY 2015 <br /> program year.This is a reduction from $351,540 in IFFY 2014 and a substantial reduction from <br /> $728,277 in IFFY 2010, the start of the previous five year planning period. <br /> Greatest Needs <br /> The elderly population of Orange County (age 62 and above) is 15,979 persons which represents <br /> 12.1%of the total County's population. However, there are 200 assisted rental housing units for <br /> the elderly out of a total of 20,234 renter-occupied housing units which is 1.0%of the renter occupied <br /> units. As the County's population ages in place, there will be less available elderly units <br /> and a higher demand for those units. It is estimated that at least 450 new affordable housing units <br /> for the elderly are needed. <br /> As part of the Master Aging Plan, Orange County aims to offer an array of housing options that <br /> reflects the diverse preferences and abilities our older adult population portrays. Orange County <br /> 3 <br />