Item 5-a - Orange County Consolidated Plan – FY 2019-2020 Annual Action Plan Needs Assessment Public Hearing

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5 FFY 2015-2019 Five Year Consolidated Plan Orange County HOME Consortium, NC 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, The Orange County HOME Consortium is receiving$311,832 from HOME funds for the FFY 2015 program year This is a reduction from $351,540 in FFY 2014 and a substantial reduction from $728,277 in FFY 2010,the start of the previous five year planning period. Greatest Needs The elderly population of Orange County(age 62 and above) is 15,979 persons which represents 12.1% of the total County's population However,there are 200 assisted rental housing units for' the elderly out of a total of 20,234 renter-occupied housing units which is 1.0% of the renter- occupied units. As the County's population ages in place,there will be less available elderly units and a higher demand for those units. It is estimated that at least 450 new affordable housing units for the elderly are needed As part of the Master Aging Plan, Orange County aims to offer an array of housing options that reflects the diverse preferences and abilities our older adult population portrays. Orange County needs to conceptualize a continuum of housing types to accommodate rapid growth in its senior population and then, invest in development of preferred housing models The condition of the owner occupied housing stack is fairly sound However, rental housing units range from fair to poor. Many of the higher quality rental housing units 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" housing units in the County to address the needs of the physically disabled. Not including elderly housing units,it appears that there is a need for at least 150 new housing units that are accessible to persons with physical disabilities. Presently, there are 84 accessible housing units for the disabled in LIHTC Projects There is a continuing need for "affordable" and "accessible" housing in Orange County The existing housing is sound and there appears to be an adequate supply of market-rate 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 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 or 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 necessity. OMB Control No:2506-0117(exp.07/31/2015) 3