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Gainesville’s Affordable Housing Needs

Gainesville’s Affordable Housing Needs. Housing is usually considered affordable if it costs no more than 30% of household income, including utilities. Cost burdened : Paying more than 30% of income for housing

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Gainesville’s Affordable Housing Needs

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  1. Gainesville’s Affordable Housing Needs • Housing is usually considered affordable if it costs no more than 30% of household income, including utilities. • Cost burdened: Paying more than 30% of income for housing • Nearly 15,000 low-income households in Gainesville are cost burdened excludingstudents. • Need is greatest for renters. • Additionally, estimated 787 individuals & 880 families with children are homeless in North Central FL Low-Income, Cost Burdened Households, Gainesville, 2017 Sources: Shimberg Center analysis of U.S. Census Bureau, 2017 American Community Survey; 2019 Rental Market Study (forthcoming). “Low-Income” refers to households with incomes below 80% of Area Median Income. “Student household” refers to a non-family household where head is a full-time student.

  2. Housing costs outpace wages for many occupations. • Alachua County’s housing wage: $17.19/hour • A full-time worker would need to earn this amount to rent a typical 2BR apartment (HUD Fair Market Rent: $894/mo). • Median wage for Gainesville MSA workers, 2017: $15.95/hour Sources: National Low Income Housing Coalition, Out of Reach; Florida Agency for Workforce Innovation, 2017 Occupational Employment Statistics and Wages.

  3. Housing costs outpace wages for many occupations. How much can Gainesville’s workers afford to pay for housing each month? Source: Florida Agency for Workforce Innovation, 2017 Occupational Employment Statistics and Wages. Based on median wage for jobs in the Gainesville MSA. Assumes full-time worker, 30% of income spent on housing costs.

  4. The Affordable Housing Continuum

  5. The local role in creating the affordable housing continuum 1. Make the rules • Land use & zoning • Reducing regulatory barriers • Inclusionary policies 2. Spend the $ • Federal pass-through • State housing trust fund (SHIP) • Raising local funds through taxes or fees 3. Provide the housing • Public housing • Other affordable rental

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