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16 <br /> 1 Slide#4 <br /> More information on 2 potential program <br /> changes to increase award amounts <br /> •institute baseline minimum award <br /> Award cover half of total tax bill up to: <br /> $500 for households with incomes 5 61- 80%AMI <br /> $750 for households with incomes<_31-60°f AMI <br /> $1,00D for households with incomes< 30%- below <br /> AMI <br /> All figures use only County-portion of tax bill <br /> HCD <br /> 2 <br /> 3 Slide #5 <br /> Total liability numbers are large,staff could <br /> prioritize based on need <br /> First-come, first-served prioritizations <br /> favor people with lower service needs, <br /> and therefore are not recornmended <br /> Staff can develop some need-based <br /> prioritization factors for you to consider at <br /> your next meeting (income, applicant age, <br /> tax burden) to use if awards exceed <br /> available funding oCHCD <br /> 4 <br /> 5 Slide #6 <br /> Data from American Community Surrey, <br /> Tax Office&2020 Consolidated Plan <br /> • From Tax Office <br /> • 70,009 residential properties owned for 5+years <br /> who have County portion increases in tax bill <br /> Average County tax portion is$2,954 <br /> •Tax increases range from $0.01 to $8,940.92 <br /> • 17,444 have an estimated increase of under <br /> $300 (average$110) <br /> For the remaining 2,935, the average increase is <br /> $559 and the total increase for all 7,935 is <br /> $1,670,143 r*%CHCD <br /> 6 <br />