My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Board of Commissioners Meeting Materials (6/13/17) (4)
>
OnTrack
>
CA
>
2017
>
CA 17-1
>
Board of Commissioners Meeting Materials (6/13/17) (4)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/24/2017 1:48:01 PM
Creation date
6/19/2017 10:26:26 AM
Metadata
Fields
Template:
PDD_Planning_Development
File Type
CA
File Year
17
File Sequence Number
1
Application Name
UGB ADOPTION PACKAGE
Document Type
Staff Report
Document_Date
6/13/2017
External View
Yes
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
267
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Table 21 shows a rough estimate of affordable housing cost and units by <br />income levels for Eugene in 2012 based on Census data about tenure, <br />household income, the value of owner occupied housing in Eugene, and <br />rental costs in Eugene. Several points should be kept in mind when <br />interpreting this data: <br />Affordable monthly housing costs and estimate of affordable <br />purchase prices are based on HUD income standards and assume <br />that a household will not spend more than 30% of household <br />income on housing costs. Some households pay more than 30% of <br />household income on housing costs, generally because they are <br />unable to find more affordable housing or because wealthier <br />households are able to pay a larger share of income for housing <br />costs. <br />HUD's affordability guidelines for Fair Market Rent are based on <br />median family income and provide a rough estimate of financial <br />need. These guidelines may mask other barriers to affordable <br />housing such as move-in costs, competition for housing from <br />higher income households, and availability of suitable units. They <br />also ignore other important factors such as accumulated assets, <br />purchasing housing as an investment, and the effect of down <br />payments and interest rates on housing affordability. <br />Households compete for housing in the marketplace. In other <br />words, affordable housing units are not necessarily available to low <br />income households. For example, if an area has a total of 50 <br />dwelling units that are affordable to households earning 30% of <br />median family income, 50% of those units may already be occupied <br />by households that earn more than 30% of median family income. <br />The data in Table 21 indicate that in 2012: <br />More than one-quarter of Eugene households could not afford a <br />studio apartment according to HUD's estimate of $525 as fair <br />market rent; <br />• More than 40% of Eugene households could not afford a two- <br />bedroom apartment at HUD's fair market rent level of $806; <br />• A household earning median family income ($59,200) could afford <br />a home valued up to about $148,000. <br />Page 80 ECONorthwest Part 11 - Eugene Housing Needs Analysis <br />
The URL can be used to link to this page
Your browser does not support the video tag.