AgdaPkt 2016-12-12 Closed and Joint SA PFA

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6.3.A. - Page 35 Cost Burden and Household Type Looking at just the households who are paying more than 30% of their income on housing, numerically the biggest category includes renters. Of all lower income households paying more than 30%, small related households are more impacted than other kinds of households. This could be because these households have only one person earning an income, say, a single parent with two small children. Elderly extremely low income owners also experience a high rate of cost burden, many of whom are on fixed incomes. However, overall the greatest impacts are on renter households. 4. Cost Burden > 50% Severe Cost Burden and Household Type The incidence of households paying more than 50% of their income on housing costs is particularly felt among renters: 3,250 lower income renter households have a severe cost burden, whereas only 1,915 lower income owner households do. Of all renter households paying over 50%, small related households make up 40%. In fact, the greatest number of households with this housing problem are small related households, regardless of tenure type. And, as can be expected, this problem is felt most acutely by extremely low income renter households. Of all elderly households, owners represent 52% of households that are overpaying. Consolidated Plan OMB Control No: 2506-0117 (exp. 07/31/2015) REDWOOD CITY 32 J Renter _ _ Owner 0-30% >30- >50- Total 0-30% >30- >50- Total AMI 50% 80% AMI 50% 80% AMI AMI AMI AMI NUMBER OF HOUSEHOLDS Small Related 965 315 30 1,310 130 266 330 660 Large Related 285 140 0 425 60 155 105 320 Elderly 495 115 25 635 285 225 175 685 Other 645 185 50 880 50 120 80 250 Total need by 2,390 755 105 3,250 525 700 690 11915 income Table 10 — Cost Burden > 50% Data 2007-2011 CHAS Source: Severe Cost Burden and Household Type The incidence of households paying more than 50% of their income on housing costs is particularly felt among renters: 3,250 lower income renter households have a severe cost burden, whereas only 1,915 lower income owner households do. Of all renter households paying over 50%, small related households make up 40%. In fact, the greatest number of households with this housing problem are small related households, regardless of tenure type. And, as can be expected, this problem is felt most acutely by extremely low income renter households. Of all elderly households, owners represent 52% of households that are overpaying. Consolidated Plan OMB Control No: 2506-0117 (exp. 07/31/2015) REDWOOD CITY 32