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FY 2025-2029 Five-Year Consolidated Plan City of South Bend, IN
<br /> NA-10 Housing Needs Assessment - 24 CFR 91.405, 24 CFR 91.205 (a,b,c)
<br /> Summary of Housing Needs
<br /> The populations of the City of South Bend and St.Joseph County have been slowly increasing.Based on a
<br /> comparison between the 2009 and 2020 populations, St. Joseph County had a 0.6% increase in its
<br /> population. The population increase was 2,330 persons, but the number of households only increased by
<br /> 1,860 units.
<br /> The Household Area Median Family Income (HAMFI) for St. Joseph County increased by 25% from
<br /> $43,544 to $54,443. This increase represents a change in nominal dollars and not a change in real dollars.
<br /> To determine the change in real dollars,the Consumer Price Index is used to calculate the inflation rate for
<br /> a given period.Between 2009 and 2020,the cumulative inflation rate was approximately 22.18%,meaning
<br /> that the $43,544.00 median income in 2009 would be $53,201.33 if it were expressed in terms of 2020
<br /> dollars. By taking into consideration the rate of inflation, the median income in St. Joseph County has
<br /> slightly outpaced the rate of inflation.
<br /> In speaking with stakeholders and residents, housing costs were regularly cited as the biggest issue facing
<br /> the community. Low-income renters say they're having trouble affording to stay in the City and owner-
<br /> occupied housing units are being purchased by incoming wealthier residents, leading to rising housing
<br /> costs.
<br /> Demographics Base Year: 2009 Most Recent Year: 2020 °
<br /> Change
<br /> Population 257,250 259,580 1%
<br /> Households 98,185 100,045 2%
<br /> Median
<br /> Income $43,544.00 $54,443.00 25%
<br /> Table 5-Housing Needs Assessment Demographics
<br /> Data Source: 2000 Census(Base Year),2016-2020 ACS(Most Recent Year)
<br /> Number of Households Table
<br /> 0-30% >30-50% >50-80% >80-100% >100%
<br /> HAMFI HAMFI HAMFI HAMFI HAMFI
<br /> Total Households 12,815 12,245 17,410 11,430 46,145
<br /> Small Family Households 3,419 2,779 4,905 4,043 23,155
<br /> Large Family Households 762 839 1,308 794 3,725
<br /> Household contains at least one
<br /> person 62-74 years of age 2,989 3,244 3,925 2,766 11,008
<br /> Household contains at least one
<br /> person age 75 or older 1,927 2,839 2,774 1,113 3,275
<br /> Households with one or more
<br /> children 6 years old or younger 1,932 1,600 2,099 2,065 4,422
<br /> Table 6-Total Households Table
<br /> Data Source: 2016-2020 CHAS
<br /> OMB Control No:2506-0117(exp.07/31/2025) 61
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