Agenda 6-a - Orange County Consolidated Plan – FY 2018-2019 Annual Action Plan and Proposed FY 2018-2019 HOME Activities

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11 FFY 2018 Annual Action Plan Orange County HOME Consortium in their operations. Those Consortia allocate funding according to local needs, the capacity to use the funds, and a regional strategy that addresses the broader housing needs of the Consortium as a whole —for the success and betterment of the whole —for a better quality of life and economic vitality for all the communities individually and collectively. Greatest Needs: According to the 2012 -2016 American Community Survey 5 -Year Estimates the elderly population of Orange County (age 62 and above) is 20,272 persons which represents 14.5% of the total County's population. As the County's population ages in place, there will be less available elderly units and a higher demand for those units. As part of the Master Aging Plan, Orange County aims to offer an array of housing options that reflects the diverse preferences and abilities of an older adult population. Orange County needs to conceptualize a continuum of housing types to accommodate rapid growth in its senior population and invest in the development of preferred ho sing models. There is a great need for housing rehabilitation in the existing hour ng stock occupied by low - and moderate - income persons. The housing stock,is old and the rental housing units range from fair to poor. Many of the higher quality rental housrrig dnits are located in the urban centers and close to the universities. The lower quality rental housing units are located in the rural areas. Improved code enforcement is needed to address these housing deficiencies. There is also a lack of "accessible " nits in the County that serve the needs of the physically disabled. Presentiy; there are 104 Accessible housing units for the disabled in LIHTC Projects in Orange County. - -Y There is a continu ng need,,for "af�tnd rdable" and "accessible" housing in Orange County. The existing housing,is generally',so�und there appears to be an adequate supply of market -rate housing. However'there is a'l�ck of affordable housing. The County has a growing population, and new construction,-and rehabilitation work is increasing again as evidenced by the number of building and renovation permits issued throughout the County. Real estate values continue to rise, which benefits property owners and most homeowners. However, these rising real estate values negatively impact very low -, low -, and moderate - income households who are increasingly cost - overburdened in their homes by 30 to 50 percent or greater; additionally, this hurts those who cannot find affordable housing and are having to increasingly seek housing outside of the County or live in substandard conditions not by choice, but by necessity. Housing values (both rental and owner - occupied) have increased with the rise in the number of households to the area. This increase has been especially burdensome on low- and moderate - income renter households. A decrease in the quality and the quantity of affordable rental housing has placed many of the very low- income households at imminent risk of becoming homeless. OMB Control No: 2506 -0117 (exp. 07/31/2015) 3