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County adopts $58.6 million three‑year Affordable Housing Trust Fund plan, aims for 3,570 new or preserved units
Summary
The Board adopted the FY 2026–28 Affordable Housing Trust Fund plan, authorizing a $58.6 million three‑year budget and nine strategies — including gap financing, land banking, a revolving loan fund and a new sewer/septic grant — to produce or preserve roughly 3,570 affordable units over the period.
Orange County commissioners on Oct. 14 approved the county’s third three‑year Affordable Housing Trust Fund plan (FY 2026–28), authorizing a $58.6 million budget and a set of nine funding strategies aimed at producing and preserving affordable housing across the county.
What the board did: The board adopted the Affordable Housing Trust Fund plan and associated budget, and instructed staff to implement the plan’s strategies, which include gap financing for multifamily development, preservation and homeowner rehabilitation, a land‑banking program for donated county lots, a $3.5 million revolving loan fund for nonprofit construction loans, an impact‑fee subsidy program with an exemption matrix, a local rental assistance strategy, innovation and “missing middle” pilots, education/capacity building for small developers, and a new grant program to help pay sewer‑connection or…
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