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4 <br /> Amount of Assistance by Length of Time Owned <br /> Number of Average $27,000 spread across New <br /> Households Amount longer tenures (approx.) Average <br /> Years Owned (Percentage) Amount <br /> 5-9 <br /> (since 2015) 137 (17%) $27,400 $200 -- -- <br /> 10-14 <br /> (since 2010) 101 (12.5%) $23,825 $236 $1,800 $254 <br /> 15-19 <br /> (since 2005) 79 (9.8%) $25,529 $323 $1,926 $348 <br /> 20-24 <br /> (since 2000) 81 (10%) $33,132 $409 $2,504 $440 <br /> 25-29 <br /> (since 1995) 102 (12.7%) $51,591 $506 $3,897 $544 <br /> 30+ <br /> (before 1995) 285 (35.4%) $231,649 $813 $17,496 $874 <br /> FINANCIAL IMPACT: This report has no financial impact on the County. The LHA program had <br /> an expense of$377,804, an increase from $250,000 in 2024. The program has been renewed for <br /> four (4) consecutive years. The towns of Chapel Hill and Carrboro have contributed up to $86,999 <br /> and $45,000 in matching assistance, bringing total possible awards to $509,804. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 3: HOUSING FOR ALL <br /> OBJECTIVE 7. Expand resources and invest in housing designed for our aging and <br /> disabled residents. <br /> • GOAL 2: HEALTHY COMMUNITY <br /> OBJECTIVE 4: Support the basic needs and financial security of low-income families <br /> through a robust safety net of economic supports that help build long-term financial <br /> security <br /> RECOMMENDATION(S): The Manager recommends that the Board receive information on the <br /> results of the 2025 Longtime Homeowner Assistance (LHA) program, and provide any comments <br /> and questions. <br />