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Draft Priority Needs <br />Priority Need Explanation Comments <br />Renters <br />Low- and very low-income <br />people need increased access <br />to quality affordable rental <br />housing <br />•About three quarters of moderate- and low- <br />income renters spend more than 30% of their <br />income on housing costs (Eugene – 79%, <br />Springfield – 74%) <br />•The majority of low-income renters spend <br />more than 50% of their income on housing <br />costs (Eugene – 68%, Springfield – 57%) <br />•Between 2010 and 2019, the median rental rate rose to $1,373 in <br />Eugene (47% increase) and $1,181 in Springfield (58% increase) <br />•Significant increase in need from 2013 to 2017; <br />•Many more moderate-income households spend more <br />than 30% on housing <br />•Many more low- and very income households spend <br />more than 50% on housing <br />Home Owners <br />Low- and very low-income <br />people need increased access <br />to affordable home ownership <br />opportunities and support to <br />remain homeowners <br />•A significant majority of low-income owners <br />experience over-crowding, substandard <br />housing, or a housing cost burden (Eugene – <br />78%, Springfield – 59%) <br />•A significant majority of moderate- and low- <br />income owners spend more than 30% of their <br />income on housing costs (Eugene – 66%, <br />Springfield – 57%) <br />•A large percentage of low-income owners <br />spend more than 50% of their income on <br />housing costs (Eugene – 59%, Springfield – <br />39%) <br />•Low-income households spending more than 30% of income <br />housing has increased in Eugene but remains steady in <br />Springfield <br />•Low-income households spending more than 50% of income <br />housing has increased in both Eugene and Springfield. <br />Attachment F <br />February 24, 2020, Work Session – Item 2CC Agenda - Page 24