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Agenda - 10-04-2016 - 8-a - Discussion of the Proposed Orange County FY 2016 - 2020 Affordable Housing Strategic Plan
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Agenda - 10-04-2016 - 8-a - Discussion of the Proposed Orange County FY 2016 - 2020 Affordable Housing Strategic Plan
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BOCC
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10/4/2016
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Regular Meeting
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Agenda
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Minutes 10-04-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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5 <br /> • <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> DRAFT Attachment 1 <br /> Bond Funds to Help the County Reach a Countywide Shared Goal of 1,000 <br /> Affordable Housing Units in Five Years: 2016— 2020 <br /> OPTION: TARGETING INCOME and SPECIAL NEEDS by#UNITS and TYPE <br /> Household Income Range Target Units Percent of Examples of Population <br /> Units Served <br /> 0 to < 30% 250 (all new rental) 25% Minimum Wage Earners, <br /> Childcare Providers, <br /> Restaurant Service Workers <br /> and Artists <br /> <30%to< 50%Area Median 250 (all new rental) 25% Maintenance Workers, <br /> Income Nursing Assistants and <br /> Health Aides, Teacher <br /> Assistants and Construction <br /> Helpers <br /> > 50%to< 80%of Area Median 250 (rental and 25% Workforce employees, <br /> Income homeowner; new teachers, small business <br /> and existing units) owners and first responders <br /> Special Needs Populations 250 (all new rental) 25% Residents with disabilities, <br /> older adults/seniors, <br /> residents experiencing or at <br /> risk of homelessness, and <br /> victims/survivors of domestic <br /> violence <br /> Total 1,000 <br /> U.S. Department of Housing and Urban Development (HUD) Income Limits as of April 13, 2016: <br /> Area median income for Orange County is$74,900(family of four) <br /> 30%-$21,200 <br /> 50%-$35,350 <br /> 60%-$42,420 <br /> 80%-$56,550 <br />
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