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Agenda - 09-09-2021 Virtual Work Session; Item 1 - Options to Expand Affordable Housing Incentives and Opportunities
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Agenda - 09-09-2021 Virtual Work Session; Item 1 - Options to Expand Affordable Housing Incentives and Opportunities
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9/9/2021
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Work Session
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Agenda
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Agenda for September 9, 2021 Virtual Work Session
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\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 09-09-2021 Virtual Work Session
Minutes 09-09-2021 Virtual Work Session
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\Board of County Commissioners\Minutes - Approved\2020's\2021
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Affordable Housing Continuum OVEA <br /> Wilt 30%AMI and below: 31%-50%AMI 51%-80%AMI 81-100%AMI <br /> $21,990 and below $21,991-$36,650 $36,651-$58,640 30 <br /> Unsubsiclized low cost rental and homeownership housing/Naturally Occurring Affordable <br /> Subsidized rental units(such as Low-Income Housing Tax Credit and USDA Rural Development <br /> Income-restricted homeownership units <br /> Public Housing <br /> Market rate rental and homeownership units <br /> iSupportive <br /> JIM: <br /> 0 total households 5,080 total households 8,995 total households 4,750 total households <br /> f Orange County households) (10%of Orange County households) (17%of 0M,11,1511 County households) (9%of Orange County households) <br /> 75%of households(5,160)are 69%of households(3,520)are 41%of households(3,725)are 22%of households(1,030)are <br /> cost burdened with 68%(4,700) cost burdened with 37%(1,855) cost burdened with 9%(805) cost burdened with 4%(210) <br /> Harm reduction Housing First <br /> Permanent <br /> spending morethan halfoftheir spending morethan halfoftheir spending morethan halfoftheir spending morethanhalfoftheir <br /> income on housing. income on housing. income on housing. income on housing. <br /> supportive <br /> Rapid o g <br /> Homelessness and on prevention <br /> Tenant protections <br /> housingInclusionary <br /> Preservation and rehabilitation <br /> Production(e.g.Low-income housing tax credits-ILIHTC,affordable housing bond funds,local housing trust funds,and development on town-owned land) <br /> Down payment <br /> Housing Counseling <br /> Orange County,Towns of Carrboro,Hillsborough and Chapel Hill,The State of North Carolina,North Carolina Housing Finance Agency(NCHFA)U.S. Private banking systems,equity investors, <br /> Department of Housing and Urban Development(HUD),Low Income Housing Tax Credits/Internal Revenue Service(IRS),Equity Investors NCHFA,Town of Chapel Hill <br /> Coordinated <br /> ProvidersService <br /> Landlords/property <br /> Affordable housing d op <br /> Federal,State and Local Governments(The Towns of Carrboro,Chapel Hill and Hillsborough,Orange County,The State of North Carolina,NCHFA,HUD) <br /> developers <br /> 'For consistency with population and cost burden data from 2013-2017,area median income(AMI)data is for 2017.AMI is calculated by HUD for a four person household and is available at:https://www.huduser.gov/portal/datasets/il.html#2017 <br /> 2Household and cost burden data from the HUD CHAS data set,2013-2017.Available at https://www.huduser.gov/PORTAUdatasets/cp.html.AMI is calculated here fora 4-person household. <br />
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