Agenda - 06-07-2022; 6-a - Longtime Homeowner Assistance (LHA) Additional Information

Browse Search

1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 7, 2022 Action Agenda Item No. 6-a SUBJECT: Longtime Homeowner Assistance (LHA) Additional Information DEPARTMENT: Housing and Community Development ATTACHMENT(S): INFORMATION CONTACT: Corey Root, Director, Housing and Attachment 1 — LHA Communications Plan Community Development, 919-245- Attachment 2 — LHA Events Flyer, English 2492 and Spanish Nancy Freeman, Tax Administrator, Orange County Tax Office, 919-245- 2735 Gary Donaldson, Chief Financial Officer, Orange County Finance, 919-245- 2453 PURPOSE: To receive further information and consider options for the Longtime Homeowner Assistance (LHA) property tax relief program in 2022. BACKGROUND: At the May 24, 2022 Business meeting, staff provided the Board with detailed cost estimates for options to change the LHA program design. The Board of County Commissioners reviewed the options, and requested additional information from staff. A summary of information provided at this meeting: • Additional statement for the informational insert: If you received assistance from this program on your 2021 tax bill, you DO NEED TO APPLY again to qualify for assistance on your 2022 tax bill. • An estimated 20,009 owner-occupied residential properties owned for 5 or more years will have an increase in their County tax. • An estimated 9,704 owner-occupied residential properties owned for 10 or more years will have an increase in their County tax. • Staff estimated the following number of households at the Area Median Income levels: Estimated owner- occupied Income level households in OC Over 80%AMI 9,984 61-80%AMI 3,181 31-60%AMI 3,622 30%AMI and under 3,241 TOTAL 80%AMI and below 10,045