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<br /> • Staff used 2021 LHA program data to calculate the percentage of potential participants
<br /> with the County portion of their tax bills in excess of double the max assistance
<br /> proposed.
<br /> • For households at 61-80% AMI, all 2021 LHA participants at 61-80% AMI had tax bills in
<br /> excess of $1,000 (double the max assistance of $500); liability for this group was
<br /> calculated by simply multiplying the number of households (3,181) by the max
<br /> assistance ($500) = $1,590,716
<br /> • For households at 31-60% AMI, 67% of the 2021 LHA participants at 31-60% AMI had
<br /> tax bills in excess of $1,500 (double the max assistance of $750); liability for this group
<br /> was calculated by multiplying the number of households (3,622) by 67% times the max
<br /> assistance ($750) and then adding this to the remainder of the group, the number of
<br /> households (3,622) times 33% times half of the average tax bill for the 2021 LHA
<br /> participants at 31-60% AMI that did not have tax bills over $1,500 — this average is
<br /> $1,007 = $2,418,645
<br /> • For households at 30% AMI and under, 5% of the 2021 LHA participants at 30% AMI
<br /> and under had tax bills in excess of $2,000 (double the max assistance of $1,000);
<br /> liability for this group was calculated by multiplying the number of households (3,241) by
<br /> 5% times the max assistance ($1,000) and then adding this to the remainder of the
<br /> group, the number of households (3,241) times 95% time half of the average tax bill for
<br /> the 2021 LHA participants at 30% AMI and under that did not have tax bills over $2,000
<br /> —this average is $1083 = $1,831,465
<br /> • The total liability using these calculations is $5,840,825
<br /> • Program costs decrease as participation decreases
<br /> Total Liability
<br /> (100% 25% 50% 75%
<br /> Income level participation) participation participation participation
<br /> 61-80%AMI $ 1,590,716 $ 397,679 $ 795,358 $ 1,193,037
<br /> 31-60%AMI $ 2,418,645 $ 604,661 $ 1,209,322 $ 1,813,983
<br /> 30%AMI and under $ 1,831,465 $ 457,866 $ 915,733 $ 1,373,599
<br /> TOTAL
<br /> TOTAL 80%AMI and below $ 5,840,825 $ 1,460,206 $ 2,920,413 $ 4,380,619
<br /> Bonnie Hammersley, County Manager, made the following presentation:
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