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HousingAvailabilityin Orange County: 20 <br /> Triangle Community Foundation Study <br /> Staff Compared Survey Results to Housing Analysis From <br /> • Triangle Community Foundation's 2025 "Orange County, North Carolina Affordable Housing Market Data", <br /> as analyzed by Balance Community Advisors <br /> • The analysis is derived from a regional "snapshot" of Housing Affordability focusing on cost burdened <br /> households and availability of housing types and stock at all price points. <br /> • For Orange County, the study identified a 2025 need for <br /> • 9,555 units (new and existing) for"low-income" residents (defined as <50% of the Area Median Income) <br /> • 17% of homeowners, and 64%of low-income homeowners, are "cost-burdened" <br /> • 45% of renters, and 71% of low-income renters, are "cost-burdened" <br /> • Assuming that all multifamily units and one-third of townhomes units will be rentals, the recent survey <br /> identifies that Orange County is providing: <br /> • 8,726 new rental units <br /> 2,639 new for-sale homes <br /> 752 units are restricted as "affordable" <br />