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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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9/2/2021 7:27:32 PM
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BOCC
Date
9/9/2021
Meeting Type
Work Session
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Agenda
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1
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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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Unmet Housing Need <br /> 38 <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 1000 <br /> 10005 900 <br /> 10000 <br /> sa0 <br /> 8000 7394 700 <br /> 600 <br /> 6000 <br /> 4725 4675 4689 500 <br /> 4000 3150 400 <br /> id <br /> 2000L <br /> 300 <br /> 20a <br /> 100 <br /> €30%AMI 30-50%AMI 50-80%AMI 80%<AMI m I ORANGE <br /> COUNTY <br /> 0 Renter households ■Affordable rental units <30%AM] 30-50%AMI 50-80%AMI 80-100% 100%<AMI TI4pRTH CARC)LINA <br />
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