Laserfiche WebLink
140 <br />SP-30 Influence of Market Conditions <br />Table 44 – Influence of Market Conditions <br />Affordable <br />Housing Type <br />Market Characteristics that will influence the use of funds available for <br />housing type <br />Tenant Based <br />Rental Assistance <br />(TBRA) <br />The City may use a portion of its HOME funds to provide TBRA. CHAS data <br />shows the most common housing problem in the City is overcrowding and <br />severe overcrowding. Analysis of Housing Problems (Table 8) shows this <br />affects 17,065 households with income at or below 80 percent AMI. Of those <br />households, 81 percent rent their homes. The second most common <br />housing problem is housing cost burden greater than 30 percent of income <br />which impacts 40 percent of households earning at most 80 percent AMI. <br />Those affected include 12,825 renter and 8,150 owner households. <br />Extremely low- and low-income households with one or more housing <br />problem are presumed to be unstably housed, putting them at risk of falling <br />into homelessness. There are 33,345 households in Santa Ana earning up <br />to 50 percent AMI, representing 42 percent of all households. Within this <br />income range individuals and families with children are highly sensitive to <br />adverse events. <br />The greatest concentrations of unstably housed households are among <br />renter households with housing cost burden at or above 50 percent of their <br />gross household income. Among renters experiencing severe housing cost <br />burden small-related households are most impacted, followed by <br />households that are large related, elderly, and “other.” Among owners <br />experiencing severe housing cost burden small-related households are <br />most impacted followed by elderly, large related, and “other.” Households <br />in this income range living in crowded conditions are also unstably housed. <br />This condition impacts a much smaller, but still significant, number of <br />households than housing cost burden does, twenty-five percent of renter <br />households with incomes at or below 50 percent AMI are living in crowded <br />homes. <br />TBRA for Non- <br />Homeless Special <br />Needs <br />The City may use a portion of its HOME funds to provide TBRA. Included <br />among those eligible to apply for TBRA are special non-homeless special <br />needs populations. <br />New Unit <br />Production <br />The most common housing problem in the City is overcrowding and severe <br />overcrowding. Analysis of Housing Problems (Table 8) shows this affects <br />17,065 households with income at or below 80 percent AMI. Of those <br />households, 81 percent rent their homes. The second most common <br />housing problem is housing cost burden greater than 30 percent of income <br />which impacts 40 percent of households earning at most 80 percent AMI. <br />Those affected include 12,825 renter and 8,150 owner households. <br /> Based on funding availability and allocations, the City may allocate a <br />portion of the HOME funds to increase the supply of safe, decent, affordable <br />housing for lower-income households (including extremely low-income <br />households, and low- and moderate-income households), such as seniors, <br />those with disabilities, and those experiencing and/ or at risk of <br />experiencing homelessness. <br />EXHIBIT 1