Orange County NC Website
15 <br /> 1 Slide #1 <br /> noC H C D <br /> ORANGE COUNTY H0USING&COMMUNITY DEVELOPMENT <br /> Longtime Homeowner Assistance <br /> (LHA) Further Information <br /> May 24,2022 <br /> 2 <br /> 3 Slide #2 <br /> Orange County is considering options for <br /> 2022 L-mgtitne Homeom ner Assistance <br /> •Program piloted in 20121 to cover increases in <br /> County portion of property tax <br /> •2021 pilot program <br /> •91 eligible applications <br /> •$97 median award amount <br /> -Staff have worked with community partners to <br /> propose program changes for 2022 <br /> QCHCD <br /> 4 <br /> 5 Slide #3 <br /> BOCC approved changes for$233,636 in <br /> remaining program funds on May 3,2022 <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 awned properties <br /> Require applicant provide co py of ta rgeted 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 /> Q-CHCD <br /> 6 <br />