CCP 11-13-1995 - Laserfiche WebLink

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I 2;"xd~ S/l~ I . ilwJli] i';~u:e.. I ;; Housing Goals Agreement I Definitions Affordability I Housing is defined as affordable if ie coses no more than 30~percem or a household's income. Tne Index. o..nd Benchmarks in the housing agreement are based on the followlog: I Ownership: homestead values for 1994 of 5115.000 Ot less. This is (he approximate unit COst affotdable to housholds wir.h incomes at 80-fJercenr of the L 994 regional median income. I Rental: 1990 c~nsus. ,ents of 5500 or less per month. In 1990 this rent level was affordable to households with incomes at 50- percent of regional median income. I Life-Cycle Housing Life--cycie housing is a (erm llsed to refer to the availability of housing for peopfe or all stages of [heir lives. Communities with a I wide variety of housing types for ownership and rent are in a goad position m meet ti-].e people's changing needs as their incomes -""d preferences change. The Index and Benchmarks in the housing agree:nenr are based on the following: I .ype: 1993 Council ~srimate of r.he petcent of all housing unics that were nm single-family detached. OwnerlRenter ,,yfi.;r;: 1990 census, percent o'NTler~occupiedJperceTIr renra1 housing unitS. I Density U nics per acre. Derived from the 1990 census or unie cypes and the Council's interpretation of 1990 aerial phocography or the I reglOTI_ Single-Family Derached: All single-family detached housing unitS and duplexes divided by the Council esrimate or acreage with I single-family housing, tWultifamiiy: t 990 census coune or multif.:1rnily units divided by the Council estimate of land with mUltifamily housing develop- I rr:enL lnde:< I The community's currenc housing sicuiltian. Benchmark I Tne current hOUSIng situilr.ion for the community's geographic sector Jnd pbnning Jre:J.. I r-ouls I eThe community's goals for housing affordability, lii"e-cycle housing and density. goals,pm5 3-16-95 I