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12 <br /> 1 Slide#2 <br /> LHA Completed 5th year <br /> • From 2021 to 2025, number of assisted households <br /> grew from 91 to 806 <br /> • Total program funds: $16,364 4 $509,805 <br /> • 2021 assistance based on simply the difference <br /> between 2021 and 2020 tax bill, no <br /> minimum/maximum <br /> • 2025 assistance based on need-based formula with <br /> minimum of $200 and target cost-burden reduction of <br /> 25% <br /> nORANGE COUNTY <br /> 0 HOUSING DEPARTMENT <br /> 2 <br /> 3 Blake Rosser reviewed the assistance provided by the program over the last 5 years. He said they <br /> 4 served 806 families in 2025, compared to 91 in 2021. <br /> 5 <br /> 6 Slide#3 <br /> Potential increase to eligibility threshold <br /> • Staff recommends increasing eligibility threshold from 5 <br /> years to 10 years <br /> • In 2025, 137 households would have been ineligible (i.e. <br /> owned home between 5 and 10 years) <br /> • Approximately$62,000 in assistance <br /> • Change would prioritize longest-tenured residents with <br /> higher assistance amounts <br /> • Exceptions for family transfers that have taken place more <br /> recently <br /> • Residents that bought homes since 2016, when home <br /> prices were high, may not have been originally intended <br /> program demographic nORANGECOUNTY <br /> 0 HOUSING DEPARTMENT <br /> 8 Blake Rosser said staff recommends increasing the eligibility threshold from 5 to 10 years. He said <br /> 9 staff wants to prioritize the longest-tenured residents with higher assistance amounts. He said they want <br /> 10 to give exceptions for family property transfers. <br />