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HomeMy WebLinkAboutAgenda - 11-15-2022; 12-2 - Information Item - Longtime Homeowner Assistance Program Prioritization 1 ORANGE COUNTY ORANGE COUNTY MOUSING DEPARTMENT NORTH OLI A TO: Orange County Board of County Commissioners FROM: Corey Root, Housing Director RE: Longtime Homeowner Assistance Program Prioritization DATE: November 15, 2022 BACKGROUND: In October 2021, the Orange County Board of Commissioners authorized County staff to open the Longtime Homeowner Assistance Program (LHA) to assist households with property tax payments. LHA launched on October 8, 2021 to serve households earning no more than 80% of the area median income who had lived in their homes for at least 10 years and experienced an increase in Orange County property taxes in 2021. That year the County received 125 applications and awarded $16,364 to 91 households in property tax assistance. A third of these awards were under $50 and 52% of awards were under $100. Of the 91 approved applicants, 45%were white, 44% were black, 4%were multi-racial, and 1% Asian. 60% of the approved applications were age 65 or over. In Spring 2022, the Board approved program design changes to LHA that: • Decreased the home ownership requirement to 5 years from 10 years; and • Changed award amounts to cover the full County portion of the tax bill (not just the change in tax amounts from the previous year) that is in excess of 2% of participant income 2022 COMMUNITY OUTREACH & APPLICATIONS: Starting summer of 2022, County staff have worked with staff the Marion Cheek Jackson Center for Saving and Making History and Justice United to increase outreach and information about the program, including: • Mailing LHA program info inside the tax bills mailed to County residents in August 2022 • Including LHA program info in the County newsletter and in the News of Orange County information page • Providing program flyers and applications at the Housing offices in Chapel Hill and Hillsborough; at the Jackson Center; via Justice United at faith-based organizations • Media coverage by Chapelboro and WHCL Maung Addreis "illsborough ofte [hazel HIM Oel tce F.O.Box A 189 MG W.Tryon Street 2541 Homestead Road Hillsborough.NC 273711 HollsloraL�gh,IVC 27278 Chapel Hill,NC 27516 Ta6ephone fi9I )245-2490-Fax 491%944-13496 2 • Producing two videos (one in English and one in Spanish) about the LHA programith Justice United and community leaders • Sending email blasts with program eligibility and application info at 1 month and 2 weeks out of application deadline (December 1) The County has received 376 applications as of October 31, 2022, all applications are due to the County by December 1, 2022. PRIORITIZATION FORMULA: After the application due date on December 1, 2022, staff will calculate award amounts using the following guidelines: • All eligible homeowners will receive a minimum award amount of$100, or up to the full amount of the County portion of their tax bill if this is less than $100 • Award amounts will be the County portion of the tax bill less 2% of the participant's household income • Total award amounts in 2022 for all participants will exceed the available program funding for 2022 of$250,000 o As of October 21, 2022, total award amounts exceed $322,000 • Staff project that there will be about 745 eligible applications submitted in 2022 o In 2021 there was a shorter application period of 8 weeks and 68% of the applications were submitted in the last 3 weeks that the application period was open, and 98% of applications were submitted after November 1. However the first application was not submitted in 2021 until October 25 because the program started later. 0 376 current applications multiplied by 1.98 for 98% more applications = 745 applications • To prioritize award amounts, staff will arrange applicants in priority order o FIRST: people with higher tax burden (total property tax bill divided by income) o SECOND: people with longer length of time in their home o THIRD: Participant age (highest age of any household member) • Staff will make full awards to as many participants as possible up to $75,000 of the $250,000 in available funding • Staff will determine a multiplying factor for the remaining $175,000 of the $250,000 in available funding and use this to reduce all other awards by the same percentage o Staff will subtract available funding from the maximum award amount, and divide the difference by the maximum award amount, this is the percentage difference between amounts needed and what is available o Staff will reduce all award amounts by the same percentage, ensuring that eligible homeowners will receive a minimum award amount of$100, or up to the full amount of the County portion of their tax bill if this is less than $100 NEXT STEPS: Staff plan to give Board members an evaluation of the 2022 Longtime Homeowner Assistance program in Spring 2023 alongside recommendations for the Board to consider for a potential 2023 LHA property tax assistance program.