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Agenda - 06-03-2021; 5 - Options to Expand Affordable Housing Incentives and Opportunities
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Agenda - 06-03-2021; 5 - Options to Expand Affordable Housing Incentives and Opportunities
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5/27/2021 3:05:05 PM
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BOCC
Date
6/3/2021
Meeting Type
Work Session
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Agenda
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5
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Unmet Housing Need <br /> 39 <br /> ■ -5,000 extremely low-income households (earning >30% AMI) are cost burdened in <br /> Orange County <br /> ■ Supply of affordable rental units for <30% AMI much lower than the number of households; <br /> staff estimate gap of 3,800 affordable rental units <br /> ■ Since most low-income households live in unsubsidized naturally occurring affordable <br /> housing (NOAH), preservation of these units has potential for significant impact. The <br /> County administers rehab and repair programs to preserve NOAH housing however, there <br /> is no countywide strategy to prevent NOAH housing units from being redeveloped into <br /> more expensive units. <br /> No. of renter households compared to no. of Households occupying units affordable for <br /> affordable rental units by income bracket (HUD CHAS households earning <30% AMI (HUD CHAS <br /> 2013-2017) 2013-2017) <br /> 12000 Iaoo <br /> 13005 9{]Q <br /> 10000 <br /> 800 <br /> 8000 7394 700 <br /> 600 <br /> 6000 <br /> 4725 4675 4689 Sao <br /> 4000 3150 400 <br /> 2$70 <br /> 2000L <br /> 300 <br /> 200 <br /> 0 100 <br /> €300 AMI 30-50%RMI 50-80%AMI 80%<AMI o ORANGE <br /> COUNTY <br /> ■IRenter households ■Affordable rental units <30%AM] 30-50%AMI 50-80%AMI 80-100% 100%€AMI NC)ItTH CARC)LINA <br />
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