Affordable Housing Statistics

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% 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, 2014
    • North Carolina: $29,897 Orange County: $33,720
  • Housing Wage, 2014 (Hourly Wage Needed to Afford a Two-Bedroom Apartment)
    • North Carolina: $14.37 Orange County: $16.21

Funding for Affordable Housing - Primary Governmental Funding Sources

  • HOME Investment Partnership Program
  • Orange County Community Development Block Grant (CDBG) Program
  • Orange County Housing Trust Fund
  • North Carolina Housing Finance Agency

Other Statistics

  • Total Amount of Public Dollars Spent FY 2012 to 2013: $890,617
  • Total Number of New Units Assisted in FY 2012 to 2013: 17
  • Total Number of Existing Units Assisted in FY2012 to 2013: 77

(includes Housing Rehabilitation, Urgent Repair, Second Mortgage Assistance and rental assistance)