7- AA19-04; TPM19-01;DA18-02_2800 N MAIN STREET

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5.11 Housing/Population 5.11.1 Environmental Setting Introduction The proposed Fashion Square Commercial Center project is L composed of office, retail and hotel land uses. Population growth and housing needs that would be created by future employees of that project, and how those needs might be satisfied are determined through the t~i evaluation of various interrelated variables. Those variables, which are identified in this assessment are: 1) type of employee and related income, 2) existing labor supply, 3) housing market, 4) housing costs, and 5) housing assistance programs. I---. Type of Employee and Related Income U Tables 24 through 27 give the percentage of occupations that would result from office, retail, health, and hotel development. Table S. I - 28 shows the related incomes associated with the various business categories. L The Federal Department of Housing and Urban Development (HUD) -F has determined that in 1981 a single person making $620 a month, and a -` family of four making $887 a month are considered very low income house- 1 holds. HUD has also determined that in 1981 the median family income for Orange County was $29,900. Low and moderate income households are computed based on 80-120 percent of the median income. Given that fact, $23,920-$35,goo for 1981 are considered low to moderate family income categories. Broken down into monthly increments the range would be $1,993-$?,983. Medium to higher family income is considered to be $35,800 a year and above. Table 29 combines all the project related I.. occupations and places them into expected income categories. As shown in Table 29 managers, officials, professionals and technicians comprise 23.6 percent of the expected work force and are the only occupations that can be expected to reach a higher income status. The remaining 76.4 percent of the work force would be comprised of sales, clerical, I, 1 48