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32 <br /> 1 Slide #55 <br /> Housing Department - page 178 <br /> Housing Choice Vouchers Under Lease <br /> goo <br /> 640 650 65Q <br /> 610 <br /> 600 <br /> 500 <br /> .no <br /> 300 <br /> l00 <br /> 100 <br /> 0 <br /> 1 <br /> FY=y-=a Fr:a-�y P ra. FY23-M Budpl <br /> ORANGE COUNTY <br /> 55 NORTH CARQLrNA <br /> 2 <br /> 3 Chair Bedford asked if there are vouchers that have not been awarded yet. <br /> 4 Blake Rosser said most remaining vouchers are special purpose vouchers for veterans <br /> 5 and they are awaiting referrals from the VA in Durham. He said they are at the cap for other <br /> 6 vouchers. He said there is evidence that numbers are going down and they want those to be there <br /> 7 while they await certainty on funding for the next year. <br /> 8 Kirk Vaughn, Budget Director, continued the presentation: <br /> 9 <br /> 10 Slide #56 <br /> Housing Department - page 178 <br /> — Longtime Homeowners Assistance Program increased$24,000 to provide sufficient funding to <br /> cover the increase in taxes in the Recommended Budget for the average household as <br /> compared to last year's award. <br /> Original analysis did not account for the revaluation nor looked at the specific cohort that <br /> received funding in FY 2025. <br /> — Tax office provided information about the impact of the revaluation on that original cohort. <br /> Their pre-appeal tax values have increased 59%from FY 2025, above the county average. <br /> That cohort will see on average a 16% increase in County tax burden through the revenue <br /> neutral rate calculation,and a 22% increase in burden based on the Manager's <br /> Recommended Budget. <br /> — Longtime Homeowner Assistance program benefit in FY 25 provided a greater benefit to the <br /> 587 households than just the increase in taxes from FY 24 to FY 25. On average reduced <br /> their county tax burden by 25%. <br /> ORANGE COUNTY <br /> 56 NORTH CAROLINA <br /> 11 <br />