city and region overall. The area is likely to remain attractive to families going forward given <br />the number of schools in the area and the prevalence of single family homes. <br />There is comparatively little influence from University of Oregon students in the River Road/ <br />Santa Clara area. Even with improvements to transit service in the area, it is likely to remain no <br />more desirable as a location for students than other outlying areas of Eugene. The area may be <br />able to attract some older (e.g. graduate) students, faculty and staff willing to live further from <br />campus, but will likely continue to have relatively little housing demand from undergraduate <br />students. <br />Rates of rent burden are lower in the River Road/Santa Clara area than in the city and region <br />overall, yet over half of renter households in the area still face cost burdens. (Renters are much <br />more likely to spend more than 30% of their income than homeowners, particularly low-income <br />renters). About 1,780 older market -rate rental housing units in the Corridor Study Area may be <br />susceptible to rent increases if market conditions change in the area, whether as a result of <br />public investments and actions or other market forces. If rents for older, private -market rental <br />housing increase faster than the incomes of low-income renters in the area, displacement is a <br />potential risk. (Displacement can also affect businesses if commercial rents increase, but the <br />analysis in this report focused on residential displacement). The call -out box on the following <br />page provides context for the evaluation of gentrification and displacement pressures in the <br />area going forward. Later phases of the project will also consider potential policy tools to <br />mitigate displacement risk. <br />ECONorthwest 24 <br />197 <br />