Orange County NC Website
Browse       Search
28 <br /> 1 Slide #2 <br /> Staff returning-,rith more infra on Longtime <br /> Homen,%N-ner Assistance program <br /> •Brief overview <br /> Revised homeownership calculation <br /> estimates and methodology <br /> •Revised cost estimates <br /> Prioritization options <br /> HCD <br /> 2 <br /> 3 Slide #3 <br /> Orange County is considering options for <br /> 2022 Longtime Homeowner Assistance <br /> Program piloted in 2021 to cover increases in <br /> County portion of property tax <br /> 2021 pilot program <br /> -91 eligible applications <br /> •$37 median award amount <br /> Staff have worked with community partners to <br /> propose program changes for 2022 <br /> QC <br /> 4 <br /> 5 Corey Root noted the low application numbers and the low median award amount. She <br /> 6 said they have worked extensively to make change to make this program more impactful. <br /> 7 <br /> 8 Slide #4 <br /> Pending budget approv.A$250,000 available <br /> for 2022 program,some changes approved <br /> Adjust program operation dates to August 1- <br /> December 1, 2022 <br /> Include informational insert with tax assistance <br /> application packet to increase awareness about LHA <br /> Formalized LHA policy for heirs' properties <br /> Formalized policy for Family Trust owned properties <br /> Require applicant provide copy of targeted tax bill <br /> •Reduce the requirement to have owned and lived in <br /> the home from 10 years to 5 years to increase access <br /> to the program <br /> QCHCD <br /> 9 <br />