On Sept. 8, the Orange County Board of Commissioners moved forward with plans to implement more affordable housing options in Orange County.
Under the proposed 2016-2020 Affordable Housing Strategic Plan, 1,000 units of affordable housing would be created through the purchase of new property, construction and renovation of existing housing.
Affordable housing is classified as housing that costs its occupant no more than 30 percent of gross monthly income, according to the U.S. Department of Housing and Urban Development. According to the American Community Survey from 2007-2011, over 15,000 households in Orange County require affordable housing, with 8,751 households facing housing costs of more than 50 percent of their income.
A recent influx of high-income earners to Orange County has spurred developments that exacerbate the housing gap. According to the proposed plan, the median monthly rent has also increased 22.8 percent, from $684 in 2000 to $840 in 2011. This leaves limited housing options for low-to-middle income earners, many of whom work in Orange County but can't afford its rising cost of living.
Commissioner Penny Rich said the plan will benefit the Chapel Hill workforce.
“We have people that are commuting into Chapel Hill every day that would love to live here,” she said. “We’re talking about teachers, nurses, police officers, firefighters — this is all so they can live, work and play in one area. With the market as it is in Orange County, folks can’t afford it.”
Commissioner Barry Jacobs agreed.