Resolution No. 5295 - Laserfiche WebLink

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EUGENE • SPRINGFIELD 2020 CONSOLIDATED PLAN for Housing & Community Development public consultations, units available to low-income residents Tend to have more significant issues, and because of the scarcity of affordable low-income housing, residents are reluctant to raise their concerns for fear of losing the housing. Priority Needs The purpose of identifying the community needs and trends, conducting surveys and meeting with providers is to identify what the priority needs are for the low -and moderate -income households in this community for the next five years. Listed below are the needs that were identified through the analysis that have been identified as priority needs to address using HUD funds. Renters Rising rents has created a substantial gap in decent quality housing affordable to very low-, low - and moderate -income households in both cities. There are 21,535 such households earning less than 80% of AMI in Eugene, and 7,270 such households in Springfield, which make up 63% of all renters. • Renter households earning less than 80% of area median income (very -low, low- and moderate- incomes): Over three quarters of these households spend more than 30% of their income on housing costs (79% in Eugene, 74% in Springfield). Moreover, 54% of these households in Eugene and 35% of these households in Springfield spend 50% of their income on housing costs. • Renter households earning less than 50% of area median income (very -low and low- income): A modestly greater share of these households also spend more than 30% of their income on housing costs. However, the significantly more of these households pay more than 50% of their income on housing costs (Eugene — 68%, Springfield — 57%). • By April 2020, a growing number of residents have experienced a severe loss of income due to the COVID-19 pandemic, raising the risk of housing instability and homelessness, and potentially destabilizing existing affordable housing developments due to interruptions in rental income. Homeowners Rising home values have also reduced the availability of quality housing affordable to low -and moderate- income households. There are 7,390 owner households (23% of all owners) earning less than 80% of AMI in Eugene, and 4,470 owner households (37% of all owners) in Springfield, substantially fewer than the number of renters in this income bracket. Low, very low- and even 2020 Consolidated Plan 11 Eugene and Springfield, OR