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Rental Housing Availability <br />Market Conditions <br />The number of renter households have increased at all income levels. <br />• <br />Too many moderate-income households are competing for a limited <br />• <br />supply of moderate-rent units. <br />The cost of developing housing is greater than what low and <br />• <br />moderate-income households can afford to pay in rent. <br />Growth in number of high-income renters is preventing filtering of <br />• <br />units from high to moderate rents. <br />Related Goals and Policies adopted by Council <br />Increase the overall supply of housing units (Envision Eugene) <br />• <br />Encourage high quality, multi unit downtown housing (Multi Unit <br />• <br />Property Tax Exemption Program) <br />9 <br /> <br />