Orange County NC Website
31 <br /> Slide #7 <br /> Recommendations <br /> ��H C D <br /> OAAM(ODXrY HOU51MG&(OMMUMM DEV€EOPMEW <br /> Slide #8 <br /> $233,636 remains in program funding <br /> Staff from Housing,Tax Office, and <br /> Finance worked with community <br /> organizations to craft program <br /> recommendations for a potential 2022 <br /> program <br /> -Thank you Justice United and Jackson Center <br /> -Seven program recommendations <br /> r'%CHC❑ <br /> Slide #9 <br /> Recommendation#1: increase award <br /> arxiounts <br /> •Five options that could be used together or <br /> separately <br /> •Institute$300 baseline minimum award <br /> •Base award on full bill amount <br /> •Create standard award amount with cap <br /> •$830,but no more than bill amount <br /> •Cap tax amount based on income <br /> •.No more than 3%of income for property taxes <br /> •Award covers half of total tax bill up to <br /> •$1000,61-80%AMI <br /> •$1250,31-6D%AMI <br /> •$1500,30M AMI or below <br /> Corey Root said the standard award amount with cap of $830 represented half of the <br /> average county bill. <br />