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6.3.A. - Page 75
<br />Incurne
<br />Category
<br />Renter
<br />Units
<br />Renter HH
<br />Surplus/
<br />(Shortfall)
<br />Owner
<br />Units
<br />Owner HH
<br />Surplus/
<br />(Shortfall)
<br />30% HAM F;
<br />54C
<br />3,271
<br />-2,731
<br />No Data
<br />869
<br />N/A
<br />50% HAM
<br />2,125
<br />2,243
<br />-118
<br />255
<br />1,317
<br />-1,-062
<br />gaff% HAMFi
<br />7,615
<br />2,932
<br />4,6831
<br />62CI
<br />2,4338
<br />-1,418,
<br />1-010% HAMF1
<br />No Data
<br />1,171
<br />N/A
<br />87CI
<br />1,374
<br />-504
<br />Total
<br />10,290
<br />9,6-17
<br />1
<br />1,7451
<br />5,598
<br />2-E9111i1
<br />Unit Affordability
<br />Monthly Rent
<br />Monthly Rent ($)
<br />Fair Market Rent
<br />High HOME Rent
<br />Low HOME Rent
<br />W
<br />Efficiency (no 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
<br />bedroom)
<br />1,093
<br />1,423 1
<br />1,795
<br />1,191
<br />1,334
<br />1,602
<br />971
<br />1,040
<br />1,252
<br />Table 32 - Monthly Rent
<br />Real Facts_,
<br />Data Source: HUD FMR and HOME Rents
<br />11
<br />Rea I Facts -and -Fa i,rFMailtet•Rentsversus•Affordable•Rents,.2013'fi
<br />111
<br />:rte:- r ,-2013�-HUD,-2413.'P
<br />4F
<br />RealFacts and FMRs versus Affordable Rents
<br />Is there sufficient housing for households at all income levels?
<br />2,438
<br />1,842
<br />1,450
<br />Affardatrie-
<br />Renits•for-Llit
<br />51,584-n
<br />$1,310�q
<br />$2,036-p
<br />52,263ti
<br />2,948
<br />2,035
<br />1,620
<br />As•a- R
<br />Percer-vol-
<br />RealFaets-
<br />Rentsu
<br />106i°i P
<br />90%4
<br />857
<br />5l°,%at Cf
<br />No. There are several indicators that demonstrate the supply of housing is inadequate including low
<br />vacancy rates in the rental market as well as overbidding situations in the real estate market. There
<br />have been numerous reports of residents with Section 8 vouchers not being able to find landlords willing
<br />to participate in the program since the market rates have increased to a point that make Section 8
<br />unviable. This means that lower income households are paying far too much for housing, and may be
<br />severely overcrowded to make ends meet.
<br />How is affordability of housing likely to change considering changes to home values and/or
<br />rents?
<br />Consolidated Plan REDWOOD CITY
<br />OMB Control No: 2506-0117 (exp. 07/31/2015)
<br />72
<br />As -a- IAs•a-
<br />Fair,
<br />Affordnbfea
<br />Persenvof- -Af edable•
<br />Pertentv7f-
<br />Unit-
<br />Real Facts_,
<br />Market-
<br />Rents -for-
<br />Reaft=aats•
<br />flem4or•
<br />RealFacts-
<br />size2r
<br />itenEsA
<br />Reau
<br />6Up
<br />Rentsu
<br />VUR
<br />Rentstt
<br />C7 &W
<br />1,500-n
<br />S1,093-10
<br />5594-a
<br />4u%u
<br />s9wil
<br />66%]Z
<br />1-13Rtt
<br />52,005-n
<br />51r423 -H
<br />$679-0
<br />34%0
<br />S1.131-tt
<br />56%11
<br />2-E9111i1
<br />52,39837
<br />$1.795-1
<br />5764-0
<br />32%0
<br />$1,273 -Tr
<br />53%u
<br />3-SRa
<br />53,955-tt
<br />52,436-u
<br />S849 -a
<br />21%M
<br />$1,414-b
<br />36%tt
<br />:rte:- r ,-2013�-HUD,-2413.'P
<br />4F
<br />RealFacts and FMRs versus Affordable Rents
<br />Is there sufficient housing for households at all income levels?
<br />2,438
<br />1,842
<br />1,450
<br />Affardatrie-
<br />Renits•for-Llit
<br />51,584-n
<br />$1,310�q
<br />$2,036-p
<br />52,263ti
<br />2,948
<br />2,035
<br />1,620
<br />As•a- R
<br />Percer-vol-
<br />RealFaets-
<br />Rentsu
<br />106i°i P
<br />90%4
<br />857
<br />5l°,%at Cf
<br />No. There are several indicators that demonstrate the supply of housing is inadequate including low
<br />vacancy rates in the rental market as well as overbidding situations in the real estate market. There
<br />have been numerous reports of residents with Section 8 vouchers not being able to find landlords willing
<br />to participate in the program since the market rates have increased to a point that make Section 8
<br />unviable. This means that lower income households are paying far too much for housing, and may be
<br />severely overcrowded to make ends meet.
<br />How is affordability of housing likely to change considering changes to home values and/or
<br />rents?
<br />Consolidated Plan REDWOOD CITY
<br />OMB Control No: 2506-0117 (exp. 07/31/2015)
<br />72
<br />
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