ED Lafco Present092805chew

Information about ED Lafco Present092805chew

Published on August 26, 2007

Author: Alohomora

Source: authorstream.com

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Regional Housing Needs PlanEl Dorado County LAFCOSeptember 28, 2005:  Regional Housing Needs Plan El Dorado County LAFCO September 28, 2005 Gregory Chew Associate Planner Sacramento Area Council of Governments [email protected] (916) 340-6227 Outline:  Outline What is SACOG and its role in the Regional Housing Needs Plan (RHNP)? What is the RHNP? What are the four economic categories? What does this mean to local governments in terms of the Housing Element? 1. What is SACOG?:  1. What is SACOG? SACOG = Sacramento Area Council of Governments 2. What is the Regional Housing Needs Plan (RHNP)?:  2. What is the Regional Housing Needs Plan (RHNP)? RHNP : Is a state mandated plan Allocates to cities and counties their 'fair share' of 6 county region’s projected housing needs by income category Covers five year period 2. What is the RHNP?:  2. What is the RHNP? - Allocation targets intended to ensure that adequate sites are zoned and available to address housing demand - Allocations are NOT required actual production numbers 3. What Are the Economic Categories”?:  3. What Are the Economic Categories'? Affordability: Adequate, available to all economic segments Measuring Affordability: housing costs relative to income 3. What Are the Economic Categories?:  3. What Are the Economic Categories? MFI = Median Family Income, the household income that 50% of households make more and 50% of households make less than this amount Above moderate 120+% of MFI Moderate income: 80-120% of MFI Low income: 50-80% of MFI Very low income: andlt;50% of MFI 3. What Are Economic Categories?:  3. What Are Economic Categories? Median Family Income (family of four) in the Sacramento statistical metropolitan region [1] is: $64,100 Moderate income:80-120% $51k-$77k Low income: 50-80% $32k-$51k Very low income: andlt;50% andlt;$32k [1] U.S. Department of Housing and Development, 2005 3. What Are the Economic Categories? :  3. What Are the Economic Categories? California statewide [2]: Median cost of a house is $569, 000 Which means a household’s annual income must be: $126,000 [2] California Association of REALTORS, Sept 8 and 26, 2005 and press releases 3. How affordable is our housing?:  3. How affordable is our housing? California statewide[3]: Percent of California households have this income: 16% [3] California Association of REALTORS, Sept. 8, 2005 press release 4. What Does the RHNP Mean to Local Governments?:  4. What Does the RHNP Mean to Local Governments? SACOG starts RHNP update in mid-2006 Cities/counties update their General Plan Housing Element upon receiving allocations in mid-2007. Next Housing Element Update due to State Housing and Community Development in 2008 (RHNP covers 2008-2013) 5. What questions/concerns do you have?:  5. What questions/concerns do you have? Gregory Chew Associate Planner Sacramento Area Council of Governments [email protected] (916) 340-6227

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