Continuum of housing options

Neighborhood Development Services
Continuum of housing options
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Chart type: column chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Number of Units.

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ChartCreated with Highcharts 5.0.12Assisted RentalAffordable RentalModerate RentalMarket Rate RentalAffordable OwnershipModerate OwnershipMarket Rate OwnershipChart context menuCY 2016
Analysis

The number of housing units affordable to different income groups -- ranging from extremely low-income households (those earning no more than 30% AMI) to households earning 100% or more of AMI -- were tabulated. Data was included for both rental and homeownership housing units. Affordability for each income group was calculated by determining 30% of annual household income (for a 4 person household) for extremely-low, very-low, and low-income households (using current HUD-determined income limits, which can be found here). Moderate income housing units are those units affordable to households earning 80% to 100% of AMI. The rent levels and corresponding income levels related to the chart table are as follows:


Percent Area Median Income (AMI)

Income LImit
Affordable Rent
(30% annual household income)
30% - extremely low income*$24,600$615
50% - very low income*$38,300$957
80% - low income$61,300$1,532
100%$76,600 +>$1,532

*Units combined into "affordable" category.

Data was collected from the American Community Survey 2011 - 2015 5 year estimates for contract rent/rent asked and home values. Assisted housing data was collected from the housing database managed by the Housing Program Coordinator.