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101 <br />Table 26 - Monthly Rent <br />Bedrooms Efficiency/ No <br />Bedroom ($) 1 ($) 2 ($) 3 ($) 4 ($) <br />Fair Market 1,716 1,905 2,324 3,178 3,674 <br />High HOME 1,523 1,633 1,961 2,257 2,498 <br />Low HOME 1,186 1,270 1,525 1,761 1,965 <br />Data Source: 2022 HUD FMR and HOME Rents <br />Is there sufficient housing for households at all income levels? <br />CHAS data indicates the number of units affordable to each income group, from below 30 <br />percent AMI to 100 percent AMI. The data shows there are more units affordable to <br />households at each income level than there are households. The number of extra units <br />declines with household incomes. According to the data there are 20 more units affordable <br />to households with incomes at or below 30 percent AMI and 248 units affordable to <br />households with incomes at or below 50 percent AMI. <br />Determining the number of additional affordable housing units needed to eliminate or <br />significantly reduce cost burden is complex. A key challenge is that households of a <br />particular income level do not always occupy a unit that aligns with their income level, even <br />when such units are available in the open marketplace. This is evident in the data, which <br />shows there are enough units affordable to all households, still 40 percent of households <br />earning up to 80 percent AMI experience a housing cost burden spending more than 30 <br />percent of their income on housing. <br />Figure 10 - Units Affordable to Households By Income Range <br />Data Source: 2016-2020 CHAS Data <br />EXHIBIT 1