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11 <br /> FFY 2019 Annual Action Plan Orange County HOME Consortium <br /> as a whole-forth e success and betterment of the whole-for abetter quality of life and economic <br /> vitality for all the communities individually and collectively. <br /> Greatest deeds: <br /> According to the 2013-2017 American Community Survey 5-Year Estimates the elderly population <br /> of Orange County (age 62 and above) is 22,194 persons which represents 15.7% of the total <br /> County's population.As the County's population ages in place,there will be less available elderly <br /> units and a higher demand for those units. <br /> As part of the Master Aging Plan, Orange County aims to offer an array of housing options that <br /> reflects the diverse preferences and abilities of an older adult population. Orange County needs <br /> to conceptualize a continuum of housing types to accommodate rapid growth in its senior <br /> population and invest in the development of preferred housing models. <br /> There is a great need for rehabilitation of the existin ",housing stock occupied by low- and <br /> moderate-income persons.The housing stock is old aod'the ren'tall housing units range from fair <br /> h, <br /> to poor. Many of the higher quality rental housingte_riits are located irlthe urban centers and close <br /> to the universities. The lower quality rental hobs"ing units are located in the more rural areas of <br /> the County. Improved code enforcement is neededt,Toaddress these housing deficiencies. <br /> There is also a lack of "accessible" hotnsiii-g.lanits in `thy:County that serve the needs of the <br /> physically disabled. Presently, there are 1104 accessibje housing units for the disabled in LIHTC <br /> Projects in Orange County. <br /> There is a continuing need for "'4fbrdable."`and "accessible" housing in Orange County. The <br /> existing housing is generallV'sound and there appears to be an adequate supply of market-rate <br /> housing. Howeve ,.tfiere is a lack of affordable housing. The County has a growing population, <br /> �, <br /> and new const; ction and rehabilitafion work is increasing again as evidenced by the number of <br /> building and renovation permits issued throughout the County. Real estate values continue to <br /> rise, which benefits property owners and most homeowners. However, these rising real estate <br /> values negatively impact very low-, low-, and moderate-income households who are increasingly <br /> cost-overburdened in their homes by 30 to 50 percent or greater. Additionally,this hurts those <br /> who cannot find affordable housing and are having to increasingly seek housing outside of the <br /> County or live in substandard conditions not by choice, but by necessity. <br /> Housing values (both rental and owner-occupied) have increased with the increase in the number <br /> of persons moving into the area. This increase has been especially burdensome on low- and <br /> moderate-income renter households. A decrease in the quality and the quantity of affordable <br /> rental housing has placed many of the very low-income households at imminent risk of becoming <br /> 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 /> OMB Control No:2506-0117(exp.06/30/2019) 3 <br />