Orange County NC Website
16 <br /> Chair Bedford said that the Board should expect to see tweaks every year as the county <br /> refines the program. She said as they raise taxes for the school bond, they can expect to need <br /> to put more money into the Longtime Homeowners Assistance program. <br /> Commissioner Portie-Ascott asked if the heirs of a property can access the program. <br /> Aaron Rimmler-Cohen said no, because they would not have owned the property for 5 <br /> years. <br /> Chair Bedford said there is a distinction between heirs who want to live in the property, <br /> vs those who want to be a landlord. <br /> Commissioner Portie-Ascott said some heirs might want to move back and live in the <br /> property, but repairs must be made first. She said they will need to keep the taxes up while they <br /> make repairs. <br /> Aaron Rimmler-Cohen said she brings up an important point. He said they run into that <br /> in the county, but the NCHFA does not include regulations that are flexible enough. He said if <br /> that is of interest to the Board, it would require local funding to support programs for heirs' <br /> properties. <br /> Chair Bedford said that might be an important addition to the county's legislative <br /> priorities. <br /> Commissioner Portie-Ascott said most of the properties the county forecloses on are <br /> heirs' properties. <br /> Chair Bedford said heirs' properties need protections from investors. <br /> Commissioner Greene said that heirs' properties are another category from what she <br /> would like to do with the minimum years of ownership. <br /> Vice-Chair Hamilton asked for the County Manager to determine how much it would cost <br /> to fund the same number of eligible owners in the Longtime Homeowners Assistance program <br /> at the anticipated increased tax rate. <br /> Slide#21 <br /> Communityo • <br /> HousingMinimum •d- Our • Community <br /> Rehabilitation / and investigates <br /> concerns / about <br /> compliance with local ■ code.+ • Advisory Board. <br /> advisory board that recommends policy to the <br /> Board of CountyCommissioners about how best <br /> to address affordable housing issues in Orange <br /> Aaron Rimmler-Cohen ORANGE COUNTY <br /> Community Development Manager � HOUSING DEPARTMENT <br /> aco hen@o rangecou ntyn c_gov <br />