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Table 39 - Rent Paid <br />Data Source: 2011-2015 ACS <br />Housing Affordability <br />2,025 <br />50% HAMFI 6,660 2,355 <br />80% HAMFI <br />100% HAMFI <br />_ 30,415 <br />No Data <br />Total � 39,100 <br />Table 40 —Housing Affordability <br />Data Source: 2011-2015 CHAS <br />Monthly Rent <br />Fair Market Rent <br />High HOME Rent <br />Low HOME Rent <br />$1,415 <br />$1,331 <br />$1,038 <br />Data Source: HUD FMR and HOME Rents <br />$1,632 $2,037 <br />$1,428 $1,714 <br />$1,113 $1,336 <br />Table 41— Monthly Rent <br />Is there sufficient housing for households at all income levels? <br />$2,862 <br />$1,972 <br />$1,543 <br />7,470 <br />12,615 <br />22,440 <br />$3,304 <br />$2,180 <br />$1,721 <br />No, according to the housing affordability table above, there are only 8,685 rental units available to renter <br />households earning 50% AMI or below, but as documented in the needs assessment, there are 24,595 <br />households estimated to have incomes below 50% AMI. This creates a minimum gap of nearly 16,000 <br />households (15,910) who do not have sufficient housing at this income level. Further, this data does not <br />take into account households earning more than 50% AK who many be renting a unit that would be <br />affordable to lower income tenants or the quality and size of the units. <br />A smaller gap exists for homeowner households, as according to the needs assessment there are <br />18,905 owner households earning less than 80%AMI. However, as noted above, there are only <br />9,805 owner -occupied units available to such households, creating a gap of 9,100 households. <br />How is affordability of housing likely to change considering changes to home values and/or <br />rents? <br />Home values and rents are anticipated to continue to increase throughout Orange County as housing <br />demand continues to increase throughout the region and within the City of Santa Ana. As the increases in <br />housing costs continue to outpace the production of new housing and the availability of affordable <br />housing within the city, more households will be cost burdened and there will be greater strains put on <br />low- and moderate -income renters, potential homebuyers and current homeowners. <br />Consolidated Plan SANTA ANAA 86 <br />OMB Control No:2506-0117 (exp. 06/30/2018) 75A-94 <br />