Orange County NC Website
Browse       Search
3 <br /> • Request to track home valuation by number of years owned: <br /> Years Owned Number of Med ian Home Averag a Home <br /> (Purchased Year) Households Value Value <br /> 5-9 <br /> (2016-2020) 137 $306.360 $315A61.59 <br /> 10-14 <br /> (2011-2015) 101 $314.360 $339.097.06 <br /> 15-19 <br /> (2006-2010) 79 $316-300 $336.839 <br /> 2 0-24 <br /> (2001-2005) 81 $363.560 $365.834 <br /> 25-29 <br /> (1996-2000) 102 $322_800 $362_644 <br /> 30+ <br /> (before 1995) 285 $317.950 $345.019 <br /> • Breakdown of the amount of assistance and number of recipients of LHA by municipality <br /> and in the unincorporated parts of the County: <br /> Chapel Hill Carrboro Hillsborough Mebane Orange Count <br /> Number of 149 84 224 107 242 <br /> Households <br /> Amount of $241,215.41 $86,606.50 $105,257.13 $39,748 $67,441.61 <br /> Assistance <br /> FINANCIAL IMPACT: Discussion of this item has no financial impact on the County. The 2025 <br /> LHA program had an expense of $408,269, an increase from $250,000 in 2024. The Towns of <br /> Chapel Hill and Carrboro contributed up to $87,000 and $45,000 in matching assistance in 2025, <br /> respectively, bringing total possible awards to $540,268.65. <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 /> OBJECTIVE 8. Preserve existing housing stock from disrepair and avoid displacement. <br /> RECOMMENDATION(S): The Manager recommends that the Board discuss potential changes <br /> to the Longtime Homeowner Assistance (LHA) program for 2026 in order to best target assistance <br /> to the neediest and longest-time homeowners. The Board will need to make any final decisions <br /> on any potential changes at a Board Business meeting before summer. <br />