Approving progress report under the Workable Program for Community Improvement

Home Browse Search

i f 2. Estimate of Relocation Housing Needs and Resources' HOUSING ESTIMATED TO BE AVAILABLE ESTIMATED DISPLACEMENT TO DISPLACED FAMILIES' NUMBER OF INCOME FAMILIES RIVATE PUBLIC GROUPS DISPLACED RENTAL SALES DEFICIT WHITE NON. NON. WHITE NON. WHITE NON. WHITE NON WHITE - WHITE WHITE WHITE WHITE WHITE LOW ( Under $4,200 1 21 48 63 50 64 41 313 MIDDLE ( $4,200 - $7,000 46 57 50 21 119 96 75 HIGH ( Over $7,000 6 12 35 20 90 50 - - TOTAL 73 117 148 91 273 187 0 388 I The racial breakdown may be eliminated for any community in which it is a substantiated fact that all housing resources, public and private, are fully available to all families without regard to race. 2 Insert within the parentheses the income ranges as defined by the locality for each of these groups. 3 Include only standard housing which displaced families may reasonably be expected to obtain in competition with other families and at rents and sales prices within their means, as determined by income-to-rent or income-to-sales price ratios applicable in the community. Include also public housing under State- and locally-aided programs. 3. Ability to Pay Standards State all rent-income and price-income ratios used to compute C2 above. Price - Income ratio used 2.5 to 1. Rent - Income ratio used 25% of income for gross rent io`private rental. Rent - Income ratio used 20% to 25% of income for gross rent in public housing. 4. Relocation Housing Resources What are the main sources of the housing which the community expects to be available to meet relocation needs, as estimated in C2 above, i.e., whether through vacancies and turnover in exist- ing supply, new construction, rehabilitation of existing supply, etc? Indicate approximate pro- portions of each source. In sales housing, existing vacancies will account for practically all the standard units available to both white and non-white families. For mid- dle income families the ratio will be about 70% existing and 30% new con- struction. In private rental housing, vacancies in existing units will account for all the low income and 90% of middle income units. In public housing, new construction will account for 9096, turnover in existing units 10% of the vacancies . * Since .-there has been no material change in local market conditions, these figures closely resemble the previous year's submittal. 21 i