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75-057
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75-057
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City Clerk
Doc Type
Resolution
Doc #
75-57
Date
5/5/1975
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greater stock of low-cost rental housi'ng. In other words, <br />there were more low-cost rental units per low-income renter <br />household in Santa Aha than in Orange County. <br /> <br /> In the lowest income brackets, almost all households <br />(for which percentage of income spent for rent is computed) <br />pay more than 35% of'~heir incomes for rent. The percentage <br />paying 35% or more for rent rapidly declines as income in- <br />creases. In 1970, 56~ of households in Santa Ana with incomes <br />between $3,000 and $5,000 paid35% or more of their income <br />for rent. This figure fell to 16.3% in the $5,000 to $7,000· <br />~ncome group, to 2% in 'the $7,00Oto $10,000 group, and to <br />less than.0.1%'among households with $10,000 or more income.. <br /> <br /> 'The reverse is true at the low end of the scale. In <br /> 1970, the proportion of households paying less than 20% of <br /> their incomes for rent was negligible for households below <br /> $3,000 income. Even in the $2,000 ~ $5,000 income bracket, only <br /> 28.2% of households in the $7,000 - $9,999 income group <br /> paid less than 20% of income for .rent. ' ' <br /> <br /> COMPARISON OF RENTER INCOMES AND AVAILABLE RENTAL...UNI.TS: <br /> · There is a substantial deficit in the number of rental <br /> units in the lower rental brackets. The data for the City for <br /> 1970 is shown in Table V-17. This table, is based on converting <br /> income data into affordable gross rents. This conversion was <br /> made based on a standard of "25% of gross income affordable <br /> for gross rent" by one and two person households and "20% of <br /> gross income affordable for gross rent" by three or more <br /> person households. The "affordable gross rent" figures (the <br /> figures in the "Renter Households" sections of the table) are <br />'estimates since some parts o~ the income distributions had <br /> to be estimated in making the conversion of income data to <br /> affordable rent 'data. <br /> <br /> The "Renter Households" section of Table V-17 is based <br />on converting renter household income data into affordable <br />gross rents with allowances made, by income group and house- <br />hold size, for the existence of no cash rent units, The <br />"Rental Units" section of the table contains data both for. <br />occupied units, by room·size, and for vacant units. The <br />vacant unit data is based on conversion of asking rents1 for <br />vacant units to estimated gross rents. In computing the <br />"Comparison" section, in each rent category, the total for <br />all occupied and vacant rental units was subtracted from the. <br />total renter households. The resulting figures are shown in <br />the '!Difference" line. That line in turn is converted into <br />the "Cumulative Deficit" line. It should be noted <br /> <br />'lAsking' rents are similar to contr~t rents <br /> rather than gross rents, since they may or may <br /> not include payment for utilities.' <br /> <br />· O000.qe <br /> <br /> <br />
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