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ORANGE COUNTY HOUSING AUTHORITY <br /> ORANGE COUNTY ADVISORY BOARD MEETING <br /> HOUSING DEPARTMENT Thursday, January 16, 2025, at 6:00 PM <br /> Virtual Meeting: <br /> Microsoft Teams Meeting Link <br /> McCalla: Reports of funding reduction, <br /> curious to hear more <br /> Sykes: Covering macroeconomic trends on <br /> housing, sounds like new construction will be <br /> a big problem, not just on supply chain fronts <br /> but labor fronts too, so "get ready to talk to <br /> landlords" . . . also get ready for property tax <br /> reevaluation, Jackson Center is already <br /> mobilizing to get ready for appeals <br /> Murdock-Doherty: Heard real estate forecast <br /> today and says that average homebuyer is <br /> getting older/richer (e.g. age late 40s), which <br /> means more people are staying in rental <br /> market longer, which will squeeze our <br /> inventory as well <br /> Mailing Address Hillsborough Office Chapel Hill Office <br /> P.O.Box 8181 300 W.Tryon Street 2501 Homestead Road <br /> Hillsborough,NC 27278 Hillsborough,NC 27278 Chapel Hill,NC 27516 <br /> Telephone(919)245-2490 • Fax(919)944-8496 <br />