Affordable Housing Information and Statistics
What is Affordable Housing?
- Housing that is priced so that households with low incomes can afford to purchase and very low incomes can afford to rent it.
- Low income households should not pay more than 30 percent of their income for the rent and utilities or mortgage or they will not have enough left over to pay for other necessities.
Affordable Housing Statistics
Income Needed to Afford a Two-Bedroom Apartment, 2012
North Carolina: $28,351 Orange County: $31,160
Housing Wage, 2012 (Hourly Wage Needed to Afford a Two-Bedroom Apartment)
North Carolina: $13.63 Orange County: $14.98
Funding for Affordable Housing - Primary Governmental Funding Sources
- HOME Investment Partnership Program
- Orange County Community Development Block Grant (CDBG) Program
- Orange County Housing Bond Program
- Orange County Housing Loan Trust Fund
- North Carolina Housing Finance Agency
Total Amount of Public Dollars Spent FY 2011-2012: $472,524
Total Number of New Units Assisted in FY2011-2012: 9
Total Number of Existing Units Assisted in FY 2011-2012: 41
(includes
Housing Rehabilitation, Urgent Repair, Second Mortgage Assistance and rental assistance)