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<br /> Consolidated Plan REDWOOD CITY 66 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />Housing Affordability <br />% Units affordable to Households <br />earning <br />Renter Owner <br />30% HAMFI 540 No Data <br />50% HAMFI 1,805 310 <br />80% HAMFI 7,800 675 <br />100% HAMFI No Data 880 <br />Total 10,145 1,865 <br />Table 32 – Housing Affordability <br />Data Source: 2009-2013 CHAS <br /> <br />Housing Affordability <br />Although precise data are not available in some categories, comparing the number units at an affordable <br />cost with the number of households in that income category shows that there is clearly a deficit in the <br />availability of units for lower income households, especially renters but also for owners (it likely means <br />that households are paying far more than 30% of their income on housing costs). <br />The table attached as a JPEG shows that while there are 540 renter units affordable to households <br />earning up to 30% of median (extremely low income), there are approximately 3,300 households in <br />need of such housing. Similarly, there are 310 units affordable to owners earning up to 50% of median <br />(very low income) but about 1,300 households in this categories. These disparities illustrate the need <br />for housing available to lower income households -- and that people of lower incomes are not currently <br />living in housing that is affordable to them. As shown in earlier data, many households are overpaying <br />for housing. <br /> Surplus/Shortfall of Units <br /> <br />Monthly Rent <br />Monthly Rent ($) Efficiency (no <br />bedroom) <br />1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom <br />Fair Market Rent 1,412 1,814 2,289 2,987 3,556 <br />6.3.F. - Page 78