Resolution No. 4834 Exhibit - Laserfiche WebLink

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forced to wait until a later date to buy a home acknowledged that rising interest rates and housing costs might have precluded them from finding affordable housing. The SHOP survey respondents reported a 100.0% satisfaction rate in owning their home in Springfield; 68.0% of those indicated that they were "very satisfied." In addition, 71.0% of those surveyed said that they had made major improvements to their home and 21.0% felt that the improvements they made to their homes inspired others in the neighborhood to do the same. Eugene began administering a similar program called the Homebuyer Assistance Program (HAP) in 1998. Since its inception, 193 HAP loans have been made. In the prior two fiscal years, income levels have ranged from 41.0% to 79.9% AMI. Of these, 36.6% had incomes at or below 60.0%, 26.7% had income levels between 61.0% and 70.0% AMI, and 36.7% has incomes between 71.0% and 79.9% AMI. The average household size was three persons. Home purchase prices ranged from a Iow of $74,900 to a high of $143,500 for this period; the average home price was $118,100. : Iii iii I~1~ ~ Priority Housing Needs Priority Unmet Need (Households by Type and Goals (households) Income Group) Need Level (households) Rente~ % 0fMFI Small Related 0 - 30% High 2,030 203 31 - 50% High 1,867 187 51 - 80% High 1,620 162 Large Related 0 - 30% High 341 34 31 - 50% High 449 45 51 - 80% High 494 49 Elderly 0 - 30% High 735 74 31 - 50% High 919 92 51 - 80% Medium 700 70 Special Needs 0 - 30% High 776 78 31 - 50% High 1,011 101 51 - 80% Medium 879 88 Other 0 - 30% High 5,028 503 31 - 50% Medium 2,909 291 51 - 80% Medium 2,345 235 Section 215 Renter Goals 2,210 O H0~e0~e~ Yo ~f MFI Existing 0 - 30% High 3,372 337 31 - 50% High 3,660 366 51 - 80% High 5,443 544 Purchasing 0 - 30% Low 0 0 31 - 50% Medium 1,786 179 51 - 80% High 5,654 565 Section 215 Homeowner Goals 1,992 Total Section 215 Goals 4,202 53