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7 <br /> the income and assets of many low-and moderate-income persons.Therefore, many of these <br /> housing units will remain vacant and or in substandard, deteriorating conditions since the <br /> financial resources are not available to rehabilitate the housing units.There is a need for increased <br /> local, state federal and private funds to provide financial assistance to lower income families to <br /> rehabilitate properties for more affordable housing. <br /> There is a dire lack of affordable housing for the very-low income in Orange County. <br /> Unfortunately, there are no new funding sources for permanent housing that replaces Public <br /> Housing to meet the housing needs of the very-low income.The County should encourage and <br /> support private and non-profit development entities to build more LIHTC high quality affordable <br /> housing developments throughout the County, especially in the urban areas (though in urban <br /> areas cost and the lack of available land makes this almost prohibitive).Therefore, opportunities <br /> for infill development and acquisition and or rehabilitation in these areas should be encouraged <br /> to meet affordable housing needs and opportunities for access to transportation, services and <br /> employment. <br /> The areas impacted with cost overburdened households are located in and around the urban <br /> areas of the County.These areas contain the largest concentration of employment opportunities <br /> and public and private amenities but lack affordable housing. <br /> The urban areas of the County have the most public and community facilities.These areas also <br /> contain the majority of available public transportation.The urban neighborhoods contain many <br /> of the County's employment opportunities and existing housing stock. However,these areas are <br /> cost prohibitive for low-and moderate-income persons. <br /> 2. Summary of the objectives and outcomes identified in the Plan <br /> The following six(6) priorities and subsequent goals/strategies have been identified for the <br /> Orange County HOME Consortium for the period of FY 2015 through FY 2020 for the HOME <br /> 5 <br />