Ordinance No. 19777 - Laserfiche WebLink

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'The number of low-income households--particular) sin e- anent fanulies-- Y Sl P has been growing." 'Mousing assistance din the form of either subsidized units or subsidized rents f ~ , ~ avadable to only a small and decreasing proportion of these households." "Rents have been rising faster than incomes, especial) at the law end of the y market. '?.rower-income fanulies are paying an increasing and often .unsustainable portion of their incomes far shelter." . '"The rent burden for young, single-parent families increased from 34.9 percent n P to 58.4 percent between I974 and 1987. Locally, a variety of studies have made similar findings. Amon them are these: 8 The 1989 Lane County Task Farce on Homelessness and Affordable Housin re anted tha 5 P t the only res~dent~al housing construction that has occurred since 1979 "has been lanned and de i " P s fined for the higher income sector. 6 The Task Force also found that this situation is Iikel to continue, observin tha as of Jul . y g ~ y, 1959, a descrxpt~on of proposed rental pro ects ~n Eu ene ro'ected the lowest rent f r ~ g P 1 o a two-bedroom apartment at $595 a month. The rental vacancy rate in Lane County has declined marked) since the mid-ei tie while . Y ~ ~ rents have steadily increased at rates substantially greater than avera a median incomes. g 6. Little new rental construction has occurred since 1979, and "what there is has been lapped . P and designed for the higher income sector. In Jul , 19$9, for exam le a descri ion of y P ! P recently proposed rental projects in Eugene projected the lowest rent for atwo-bedroom apartment at $59S a month. h Approximately 25,O~o Lane County households are considered low-income, meanin these . g. with having incomes of less than half the median x$14,750} fam~l income for a faaul of Y y four. 7. The national, state and local trends described in the Task Force Re art "have dras~call .. ,P Y affected the abilzty of these Lane County residents to end and retain hous~n 7 "Using the federal del~nition of affordable housing as 30 ercent of household income for ... P rent and ut~l~t~es, .. ,there are very few rental or forwsale units affordable to Conn • ~ • , ~ ~ residents, who fall into these incame categories. 7 Springwood Plan Amendment Application Applicant's Proposed Findings March 20,1991 Drab Page 11