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02 ATTACHMENT 2
City of Pleasanton
>
CITY CLERK
>
AGENDA PACKETS
>
2023
>
012623 SPECIAL
>
02 ATTACHMENT 2
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Last modified
1/20/2023 5:43:46 PM
Creation date
1/20/2023 5:26:34 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/26/2023
DESTRUCT DATE
15Y
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02
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\CITY CLERK\AGENDA PACKETS\2023\012623 SPECIAL
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Cost Burden by Income Level <br />• Lower income <br />households are <br />most cost <br />burdened <br />• Almost 9 of 10 <br />extremely low- <br />income <br />households are <br />cost burdened <br />• Over half of <br />moderate-income <br />households are <br />cost burdened <br />Note: *AMI – Area Median Income <br />Source: HUD, CHAS, 2013-2017 <br />13% <br />26%33% <br />45% <br />84% <br />7% <br />28% <br />39% <br />35% <br />14% <br />80% <br />46% <br />27%20% <br />0% <br />10% <br />20% <br />30% <br />40% <br />50% <br />60% <br />70% <br />80% <br />90% <br />100% <br />0%-30% of <br />AMI <br />31%-50% of <br />AMI <br />51%-80% of <br />AMI <br />81%-100% <br />of AMI <br />Greater than <br />100% of AMIPercent of Households50%+ of Income Used for Housing <br />30%-50% of Income Used for Housing <br />0%-30% of Income Used for Housing <br />Workforce Housing <br />Many households not eligible <br />for subsidies still struggle to <br />afford housing <br />Four-person household <br />earning $110,000 - $225,000 <br />• Affordable rents - <br />starting at $3,100 <br />• Affordable home <br />purchase price - starting <br />at $508,000 <br />• Automotive mechanics <br />($61,560/yr) <br />• Transit bus drivers <br />($61,810/yr) <br />• Licensed vocational nurses <br />($74,520/yr) <br />• Paralegals / legal assistants <br />($75,820/yr) <br />• Teachers ($86,200/yr) <br />• Accountants ($101,090/yr) <br />• Physical therapists <br />($103,350/yr) <br />27 <br />28 <br />Public Participation Summaries City of Pleasanton | E-22
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