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An assessment of existing housing needs includes an analysis of population and employment trends and documentation of projections and a quantification of the locality's existing and projected housing needs for all income levels, including extremely low-income households, an analysis of household characteristics, overpayment, overcrowding, and housing stock conditions, and an analysis of units at-risk of conversion to market-rate.

Population, Employment, and Housing Characteristics

The element must include a description and analysis of current population trends and employment data including an identification of significant employers, industries and typical wages. In addition, it must also include an analysis of household characteristic such as tenure, growth rate, and trends. Learn more.

Overpayment and Overcrowding

The analysis of housing characteristics includes an estimate of the number of households and lower-income households, by tenure, paying more than 30 percent of their income on housing and identifies the number of households, by tenure, in overcrowded housing situations. Learn more.

Extremely-Low Income Housing Needs

Extremely low-income is a subset of the very low-income and is defined as 30 percent of area median and below. The element must quantify existing and projected extremely low-income households, analyze their housing needs, assess the kind of housing available and suitable for extremely low-income households. Learn more.

Housing Stock Characteristics

The analysis of housing characteristic must include an estimate of the number of substandard units in need of rehabilitation and/or replacement. This information will assist local governments in developing appropriate housing policies and prioritizing housing resources. Learn more.

Assisted Housing Developments "At Risk" of Conversion

The element must identify and analyze units at-risk of conversion from affordable to market-rate uses during the next ten years. If units are found to be at-risk, the element must estimate the total cost of replacing and preserving these units and include a list of entities with the capacity to acquire multifamily developments at-risk. The analysis should facilitate programs necessary to address the critical nature of preserving at-risk units. Learn more.