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Eugene Housing Tools & Strategies Evaluation 1 <br />TABLE OF CONTENTS <br /> <br /> Executive Summary .................................................................................................................. 2 <br />Introduction ..................................................................................................................................... 2 <br />Report Organization ........................................................................................................................ 2 <br />Background Information ................................................................................................................. 2 <br />Accessory Dwelling Unit Evaluation ............................................................................................... 5 <br />Construction Excise Tax Evaluation ............................................................................................... 7 <br /> Introduction ............................................................................................................................ 10 <br />Purpose of Study .......................................................................................................................... 10 <br />Overview of Affordable Housing and Housing Affordability in Eugene ..................................... 11 <br /> Background information ....................................................................................................... 12 <br />Population and household characteristics ................................................................................. 12 <br />Home Values and Rents .............................................................................................................. 21 <br /> Accessory Dwelling Units....................................................................................................... 26 <br />Who Lives in ADUs? ..................................................................................................................... 26 <br />Benefits and Opportunities Associated with ADUs .................................................................... 26 <br />Barriers to ADUs ........................................................................................................................... 27 <br />ADU Feasibility .............................................................................................................................. 30 <br />Recommendations on ADUs ........................................................................................................ 33 <br /> Construction Excise Tax ........................................................................................................ 34 <br />Revenue Potential ........................................................................................................................ 34 <br />Financial Feasibility Evaluation ................................................................................................... 35 <br />Recommendations on CET .......................................................................................................... 41 <br />Appendix I: Housing Tools & Strategies Inventory ..................................................................... 42 <br />Appendix II: Best Practices Resources ....................................................................................... 47 <br />February 20, 2019, Work Session – Item 1