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Agenda - 12-10-2024; 5-a - Public Hearing for 2025-2029 Consolidated Plan for Housing and Community Development Needs
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Agenda - 12-10-2024; 5-a - Public Hearing for 2025-2029 Consolidated Plan for Housing and Community Development Needs
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BOCC
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12/10/2024
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Business
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Agenda
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5-a
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52 <br /> • HOME: 23 developments in Orange County constructed with HOME funding. <br /> • Community Home Trust: 318 permanently-affordable homes in Orange County through a <br /> community land trust model. Units targeted to households earning below 80%of AMI. <br /> • Inter-Faith Council for Social Services: 52-unit facility for homeless men. <br /> Provide an assessment of units expected to be lost from the affordable housing inventory for <br /> any reason, such as expiration of Section 8 contracts. <br /> There is one LIHTC development with a contract ending in the next five years.This development offers <br /> 55 units of subsidized housing(two-and three-bedrooms) in Chapel Hill.The housing is not reserved for <br /> any special populations. <br /> Does the availability of housing units meet the needs of the population? <br /> While it appears that the number of housing units is adequate for Orange County's population, there is a <br /> sharp need for quality, affordable, and accessible housing units throughout the county, <br /> Describe the need for specific types of housing. <br /> The need for quality, affordable, and accessible housing is especially strong in the urban centers of <br /> Chapel Hill, Carrboro, and Hillsborough.These are areas where public transit service is highest, and they <br /> present opportunities to expand the number of affordable units so that low-income households can live <br /> in these neighborhoods and not have to rely extensively on an automobile. <br /> Discussion <br /> While the number of market-rate housing units in Orange County appears adequate for the county's <br /> population,the number of affordable and subsidized housing units has not kept pace with the county's <br /> population growth.This is especially true in the urban centers of the county which contain the majority <br /> of employment opportunities and which also have the highest level of public transit service. <br /> FFY 2020—2024 Orange County, NC HOME Consortium 49 <br /> Consolidated Plan <br /> OMB Control No:2506-0117(exp.06/30/2018) <br />
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