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VA <br />FFY 2015 -2019 Five Year Consolidated Plan Orange County HOME Consortium, NC <br />Housing values (both rental and real estate values) have increased with the increase of <br />households to the area This increase has been especially burdensome on low- and moderate - <br />income renter households A decrease in the quality and the quantity of affordable rental housing <br />has placed many of the very low- income households at imminent risk of becoming homeless. <br />It is estimated that there are approximately 1,600 owner and renter occupied housing units that <br />are suitable for rehabilitation work in Orange County However, the cost of rehabilitation exceeds <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 />In addition, 20,899 housing units (40.5 %) were built before 1980, and therefore have a potential <br />lead -based paint hazard For Orange County, it is estimated that 15% of low or moderate income <br />families living in owner- occupied units are at risk of lead -based paint hazards and that 25% of low <br />or moderate income families living in rental units are at risk of lead -based paint hazards <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 make 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 />Orange County has a community health clinic and UNC Hospital System are relatively inexpensive. <br />However, there is still a need for more free healthcare for people experiencing homelessness or <br />at risk of becoming homeless. There is a great need for Mental Health and Substance Abuse case <br />management and treatment for people experiencing and at risk of homelessness. Orange County <br />OMB Control No: 2506 -0117 (exp. 07/31/2015) 4 <br />