Orange County NC Website
Browse       Search
60 <br /> 0 2-bedroom Fair Market Rent costs$1,631 <br /> o The annual income needed to afford a 2-bedroom is$65,240 <br /> • Housing Supply Issues: <br /> o Demand for affordable rental units outpaces supply. <br /> o A shortage of 1-and 2-bedroom units persists for renters and Housing Choice <br /> Voucher holders. <br /> o Many existing affordable units require rehabilitation and accessibility <br /> modifications.With 67%of renters and 44.4%of owners under 50%AMI report at <br /> Least one housing problem. <br /> o Seniors&People with Disabilities face higher financial strain due to fixed <br /> incomes and increased housing maintenance costs. <br /> • Public Housing&Vouchers: <br /> 0 296 public housing units in Chapel Hill and Carrboro,targeted at households <br /> earning<_50%AMI. <br /> 0 687 Housing Choice Vouchers (Section 8),with demand significantly outpacing <br /> availability. <br /> • Homelessness <br /> 0 126 individuals experiencing homelessness were counted in 2023,with 71% <br /> sheltered and 29%unsheltered. <br /> 0 Homeless individuals&families are disproportionately African American(56%), <br /> despite making up only 12%of the county population. <br /> • Housing Stock Composition: <br /> o Aging Housing Stock:A significant portion of homes were built before 1970, <br /> requiring maintenance and rehabilitation. <br /> o Post-2000 Growth: Continued residential development has added newer housing <br /> options but at market-rate prices. <br /> o Vacancy Rate: Estimated at 6%(3,804 units),with most vacancies concentrated in <br /> the rental market. <br /> Public Hearing 2 input: <br /> Multiple public comments were received during the second public hearing on May 20, 2025, all in <br /> support of the proposed plan that emphasizes repair and rehabilitation.The minutes with detailed <br /> comments will be appended as"Attachment 3"once they are publicly available. <br /> 57 <br />