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Agenda - 04-05-2016 - 4-f - Proposed Orange County FY 2016 - 2020 Affordable Housing Strategic Plan
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Agenda - 04-05-2016 - 4-f - Proposed Orange County FY 2016 - 2020 Affordable Housing Strategic Plan
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BOCC
Date
4/5/2016
Meeting Type
Regular Meeting
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Agenda
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4f
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Minutes 04-05-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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8 <br /> ORANGE COUNTY <br /> NORTH CAROLINA Orange County, North Carolina <br /> maps, data and analyses of the AHSP are summarized below and include <br /> the following: <br /> Income and Poverty <br /> The median income for Orange County has continued to be well <br /> above that for the state and neighboring jurisdictions. In 2011 the <br /> median household income for Orange County was $56,055, <br /> compared to $46,291 for North Carolina. <br /> Based on a comparison between the 2000 Census and 2007-2011 <br /> American Community Survey estimates, Orange County's <br /> population increased by 11.5% between 2000 and 2011. The <br /> median household income of the area increased almost threefold <br /> compared to the population increase, 32.3%. This indicates that a <br /> higher percentage of higher income persons moved into the area. <br /> Jousik, co ruction ,and existing housing <br /> developments upgrading) has responded predominately to the <br /> higher income market. As a result rents have continued to <br /> climb and the number of affordable units to decline shutting <br /> lower income households out of the market for affordable <br /> decent, safe and sound housing. <br /> In comparison, to an increase in median household income, nearly <br /> forty percent (39.74%) of all residents in Orange County were <br /> considered low- to <br /> • moderate-income at the time of the 2010 U.S. Census. In the Town <br /> of Chapel Hill, approximately 37.44% of the residents were <br /> considered low- to moderate-income at the time of the 2007-2011 <br /> American Community Survey. The Town of Carrboro had a 46.07% <br /> low- to moderate-income population percentage, while 46.43% of <br /> the Town of Hillsborough was low- to moderate-income. <br /> - Over fifteen percent 16.9% (20,542 individuals) of the <br /> population in Orange County was living below the poverty <br /> level in 2011, according to the 2007-2011 American Community <br /> Survey. This was up from 14.1% (15,318 individuals) in 1999. <br /> As median income has gone up so have the number of residents in <br /> poverty and in unstable and or substandard housing; and the <br /> number faced with the option of last result--moving out of their <br /> community and the county for affordable housing. worse sun are <br /> Draft Affordable Housing Strategic Plan 5 <br />
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