CCP 10-19-1995 - Laserfiche WebLink

Home Browse Search

I I. I g~u;.. - I Housing Goals Agreement Definitions I Affordability Housing is defined as affordable if it costs no more than 30-percent of a household's income. The Index and Benchmarks in the I housing agreement are based on the following: Ownership: homestead values for 1994 of $115,000 or less. This is the approximate unit cost affordable to housholds with I incomes at 80-percent of the 1994 regional median income. Rental: 1990 census, rents of $500 or less per month. In 1990 this rent level was affordable to households with incomes at SO- I percent of regional median income. Life-Cycle Housing I Life-cycle housing is a term used to refer to the availability of housing for people of all stages of their lives. Communities with a wide variety of housing types for ownership and rent are in a good position to meet the people's changing needs as their incomes ed preferences change. The Index and Benchmarks in the housing agreement are based on the following: I Type: 1993 Council estimate of the percent of all housing units that were not single-family detached. I OwnerlRenter Mix: 1990 census, percent owner-occupied/percent rental housing units. Density I Units per acre. Derived from the 1990 census of unit types and the Council's interpretation of 1990 aerial phOtography of the regIOn. I Single-Family Detached: All single-family detached housing units and duplexes divided by the Council estimate of acreage with single-family housing. I Multifamily: 1990 census count of multifamily units divided by the Council estimate of land with multifamily housing develop- ment. I Index The community's current housing situation, I Benchmark I The current housing situation for the community's geographic sector and planning area. _alS I The community's goals for housing affordability, life-cycle housing and density. goals.pm5 8-16-95 I --------- ~--