Agenda - 03-07-2019 8-a - Minutes

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6 1 BY THE 2 HOUSING AND COMMUNITY DEVELOPMENT 3 DEPARTMENT 4 5 For the past year and a half the department, under the leadership of a new Department 6 Director, has undertaken an internal review of its activities in order to complete a 7 restructure to more fully realize its County charge, as well as enhance effective use of 8 available resources. 9 The information shared today hopefully will provide guidance to the BOCC as it 10 reviews and sets policy for ongoing strategies to meet Orange County's identified 11 affordable housing and community development needs. 12 Current Conditions: 13 ❑ According to the 2017 Census data, Orange County has 138,644 residents, which is an 14 increase of 18% over the total population reported in 2000. 15 ❑ Of the County's households making less than $50,000 per year, 64% or 13,160 are housing 16 cost-burdened, paying more than 30% of their gross income towards housing. 17 Of the total households in the County, 20% make less than 30% of AMI or$22,470 18 ❑ The median rent for a 3-bedroom unit is $1,470. 19 o As an update, the mean or average rent for a 3-bedroom unit in 20 Hillsborough as of January 2019 is $1176. 21 o In Chapel Hill, the mean or average rent for a 3-bedroom is $1792 as of 22 January 2019. 23 ❑ According to the OC Affordable Housing Coalition's 2018 Summit Report: 24 o Between 2009 and 2015, there has been a 16% increase in the cost of 25 rental housing in the County. 26 o There are zero (0) rental units of any size that are affordable to the 20% 27 of households who earn less than 30% of AMI. 28 In 2015, only 3% of the total housing units in the County were permanently affordable according 29 to the HUD definition of permanently affordable. 30 o The gap between the supply and the need for affordable housing is 31 wide. 32 o Seniors are the most cost-burdened age group. 33 o The number of low income households decreased more in Orange 34 County as compared to surrounding counties. 35 See Attachment A— Orange County Infographic. 36 Note that data in this section was derived from the 2012-2016 American 37 Community Survey's 5-year estimates, as well as Rentcafe. 38 39 Orange County FY 2015-2019 Consolidated Plan: 40 ❑ Identified the dire lack of affordable housing for very low income individuals and 41 families as one of the greatest needs. 42 ❑ Identified housing for persons age 62 and above as another of the greatest 43 needs. 44 ❑ Showed that there is a lack of"accessible" housing units in the County. Not 45 including elderly housing units, it appears that there is a need for at least 150 46 new accessible units.