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Extremely low-income: households with income at or below 30% of median
<br />income pay no more than 30% of their income for rent/mortgage and utilities.
<br />
<br />Very low-income: households with income at or below 50% or 60% of median
<br />income pay no more than 30% of their income for rent/mortgage and utilities.
<br />(For some subsidy programs, including the City’s federal HOME grant 60% is
<br />used. For instance, 90% of the HOME assisted units must be at 60% of median
<br />income.)
<br />
<br />Low-income/Moderate Income: households with income at or below 80% of
<br />median income pay no more than 30% of their income for rent/mortgage and
<br />utilities.
<br />
<br />Affordable: households at or below median income pay no more than 30% of
<br />their income for rent/mortgage and utilities.
<br />
<br />2008 Extremely Very Low income Very Low Low-income
<br />
<br />Household
<br />100% Low-income (Low-HOME) Income (Moderate)
<br />
<br />Area Median (Very Low)30% (High HOME)
<br />Size
<br />
<br />Income of Area Median 50% of Area 80% of Area
<br />(provided by HUD) Income Median Income 60% of Area Median Income
<br />Median Income
<br />1 $38,750 $11,650 $19,450 $23,300 $31,100
<br />2 $44,375 $13,300 $22,200 $26,600 $35,500
<br />3 $49,937 $15,000 $25,000 $30,,000 $39,950
<br />4 $55,500 $16,650 $27,750 $33,300 $44,400
<br />5 $59,937 $18,000 $29,950 $36,000 $47,950
<br />6 $64,375 $19,300 $32,200 $38,600 $51,500
<br />7 $68,812 $20,650 $34,400 $41,300 $55,050
<br />8 $73,250 $22,000 $36,650 $44,000 $58,600
<br />
<br />
<br />To what degree do students at other universities live on campus and is the
<br />University of Oregon typical? What is the projected future enrollment at the U of
<br />O?
<br />
<br />Response: Mike Eyster of the University of Oregon’s housing office reports that the
<br />degree to which students live off-campus is very much related to the local real estate
<br />market, including cost, availability, and the profile of the student body. Toward one end
<br />of the spectrum Portland State University has 26,608 students and only 1,863 (7%) live
<br />on campus. On the other end, 81% of Stanford University students live on-campus
<br />because the university has the supply and market-rate housing in Palo Alto is very
<br />expensive. Also, at Stanford there are only 6,600 undergraduate students out of 19,800
<br />total enrollments. “The Association of College and University Housing Officers
<br />International” collects data. Mr. Eyster provided data for nine of the PAC 10 schools
<br />(accurate data from Arizona State University was not available):
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<br />
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