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28 <br /> 1 may be heirs of a previous owner). Staff also recommends providing assistance based on the <br /> 2 income of the household members who reside in the home rather than the income of all heirs. <br /> 3 <br /> 4 5) Formalize policy for Family Trust owned properties. Staff recommends that the applicant <br /> 5 should be a trustee for the trust. Staff also recommends providing assistance based on the <br /> 6 income of the household members who reside in the home rather than the income of all <br /> 7 trustees. <br /> 8 <br /> 9 6) Require that the applicant provide a copy of the targeted tax bill. Staff recommends that <br /> 10 the applicant provide the tax bill to avoid incorrect application of funds or award amounts. Staff <br /> 11 in the Tax Office can assist the applicant with obtaining a copy as needed, and it would be the <br /> 12 applicant's responsibility to identify the correct tax bill/property. <br /> 13 <br /> 14 7) Reduce the requirement to have owned and lived in the home for 10 years to 5 years to <br /> 15 increase access to the program. <br /> 16 a. Mecklenburg County's HOMES program has a 3-year residency requirement and the <br /> 17 applicant must own the property. <br /> 18 b. Charlotte's Aging In Place program has a 5-year residency requirement and the <br /> 19 applicant must own the property. <br /> 20 c. Another similar County program is considering changing the 10 year requirement to 5 <br /> 21 years. <br /> 22 <br /> 23 Corey Root, Housing and Community made the following presentation: <br /> 24 <br /> 25 Slide #1 <br /> 0 <br /> I&C <br /> ORANGE COUNTY HOUSING&COMMUNITY DEVELOPMENT <br /> Longtime Homeowner Assistance <br /> (LIRA) Program Evaluation and <br /> Recommendations <br /> May 3, 2022 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br />