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2 <br /> Slide #2 <br /> Affordable Housing Low-income residents pay no more than 30%of income on housing costs(rent/mortgage+utilities) <br /> AMI—Area Median Income In 2024 in the Durham/Chapel Hill metro area, this is$105,900 for a family of four <br /> Law-income 80%of AMI—$84,700 for a family of four;$59,300 for a single person <br /> Very low income 50%of AMI—$52,950 for a family of four;$37,100 for a single person <br /> Extremely low income 30%of AMI—$31,750 for a family of four;$22,250 for a single person <br /> FMR—Fair Market Rent Calculated annually by HUD,for 2025 Durham1CH it is$1,637 for a 1SR,$1,872 for 2BR,and$2,334 for 3SR <br /> CoC—Continuum of Care HUD Definition:"A community plan to organize and deliver housing and services to meet the specific needs of <br /> people who are homeless as they move to stable housing and maximum self-sufficiency.It includes action steps to <br /> and homelessness and prevent a return to homelessness" <br /> OCPEH The CoC for Orange County:Orange County Partnership to End Homelessness <br /> HOME Committee Collaborative partnership operated by OCPFH in which area service providers meet twice monthly to discuss <br /> clients and refer for services <br /> Transitional Housing Temporary housing with supportive services to individuals and families experiencing homelessness,with the goal <br /> of interim stability and support to successfully move to and maintain permanent housing.A client in transitional <br /> housing is still considered homeless and not in a form of permanent housing.An example is IFC's shelter,which <br /> can be from 90 days to 1 year. <br /> PSH-Permanent Supportive Combines rental assistance with voluntary supportive services to address the needs of chronically homeless <br /> Housing people. The services are designed to build independent living and tenancy skills,and connect people with <br /> community-based health care,treatment and employment services. <br /> Rapid Rehousing A program offering housing search,move-in and rental assistance along with case management, on a temporary <br /> basis(no longer than 2 years). The goal is to quickly re-house someone who recently became unsheltered and <br /> transition them to more permanent housing. <br /> Housing First A policy that advocates unconditional, permanent housing as quickly as passible to homeless people, and other <br /> supportive services afterward (House first,add supportive services later). Rapid Rehousing is an example of a <br /> Housing First program. <br /> HCV—Housing Choice The modern name for Section 8 rental assistance program serving"very low income"residents <br /> Voucher <br /> OCAHC—Orange County A group of area agencies working on affordable housing from all angles:development,acquisition, rehabilitation, <br /> Affordable Housing Coalition rental assistance,and homelessness <br /> OCHPC—Orange County Agroup operating out of UNC's Community Practice Lab(CPL)which coordinates repair and rehabilitation <br /> Home Preservation Coalition applications from low-income residents and refers them to participating community partners. <br /> AHAB—Affordable Housing Volunteer advisory board which advises the Board of County Commissioners on affordable housing priorities for <br /> Advisory Board the county. <br /> Commissioner Greene said that there is another definition of affordable housing that <br /> includes transportation. She said the average cost of transportation for Americans is 20% of <br /> their income. She said while it is not part of the HUD formula, it is a significant cost of housing. <br /> She said the Orange County transit plan recommends that transportation be taken into <br /> consideration. <br /> Blake Rosser said that it is good to keep that context in mind. He said that is one of the <br /> things they talked about in the affordable housing scoring matrix. He said he believes they <br /> shortened the distance required to be close to transit in the scoring matrix. <br />