Item A: Envision Eugene - Housing Mix and Industrial Lands

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Eugene needed housing density and mix ECONorthwest Page The average net density for all residential development occurring in Eugene between 2001 and 2008 was 7.2 units per net acre. The net density in the Low Density Residential designation (LDR) was 5.2 dwelling units per net acre, the Medium Density Residential designation (MDR) had an average of 13.2 dwelling units per net acre, and the High Density Residential designation (HDR) had an average of 31.0 dwelling units per net acre. Average net density for single-family detached housing increased from an average of about 5.0 dwelling units per net acre built during the 1980’s to an average of about 5.6 dwelling units per net acre built during the 2000’s, a density increase of about 10%. Average lot sizes for single-family detached housing decreased from an average of about 8,700 square feet built during the 1980’s to an average of about 7,800 square feet built during the 2000’s, a decrease in lot size of about 10%. Eugene’s housing became less affordable for renting and owning over the last decade. Some indicators that illustrate this decrease in affordability include: Between 1999 and 2008, growth in homeownership costs outpaced o growth in income. Median owner value increased by 71% between 1999 and 2008, while median household income increased by 13% and median family income increased by 18%. Average sales prices increased by at least 50% over the 2001 to 2008 o period in most areas within Eugene, increasing by between $56,500 (in Danebo) to $147,800 (in East Eugene) per unit over the eight year period. Between 1999 and 2008, growth in renter costs outpaced growth in o income by a small margin. Median gross increased by 25% between 1999 and 2008, while median household income increased by 13% and median family income increased by 18%. Forty-five percent of Eugene households were cost burden in 2008. The 3 o rate was much higher for renters (58%) than for homeowners (33%). In comparison, 42% of Lane County’s households and 39% of State households were cost burdened in 2008. In 2008, Eugene had a gap in affordable housing for households that earn less than 50% of Lane County’s Median Family Income (MFI) of about $27,700. Eugene had a deficit of about 9,000 dwelling units that would be o affordable to households earning $25,000 or less based on the U.S. Cost burden is a typical standard used by HUD to determine housing affordability, which says that a household 3 should pay no more than a 30% of household income for housing, including payments and interest or rent, utilities, and insurance. PC AIS, p10