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Broward County

Alternative #1: Overview of Need Summary Indicator

As a summary indicator of local affordable housing need, the Florida Housing Data Clearinghouse can provide the number of households that are low-income (incomes below 80% of area median) and severely cost-burdened (paying 50% or more for mortgage costs or rent) for each county and jurisdiction. The Clearinghouse provides estimates and projections of the number of these households by tenure for the years 2013-2040.

This indicator encompasses a broad range of households likely experiencing distress because of their housing costs. With their low incomes, the large portion of income taken up by housing costs is likely to limit these households' ability to afford other necessities.

Moreover, the 80% of median income figure is a traditional measure of eligibility for programmatic housing assistance. For example, all beneficiaries of the federal public housing program and federal HOME program must have incomes below this amount.

The need indicator can serve as an approximation of the total number of households that would benefit from some type of housing assistance, particularly if homeless and migrant households are added. Such assistance could include the construction of new affordable housing units, but it could also include the provision of subsidies to make current units more affordable.

In addition to this summary level of information, we believe a more detailed understanding of the presence of low-income and cost-burdened households can help local governments plan for and target assistance. The following discusses supplemental tables that provide this additional level of detail.

Note, however, that the number does not include homeless individuals and families, as they are not included in household enumerations. It also does not include many migrant farmworker households, missed by Census counts.

AHNA Affordable Housing Need Summary 2010-2040
Number of severely cost burdened (50%+) households with income less than 80% AMI by tenure
Place Tenure 2010 2015 2020 2025 2030 20352040
Broward Renter 73463 77032 81133 84762 87457 90005 91985
Broward Owner 82718 88558 95263 101772 107854 112831 116850
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Alternative #2: Detailed Need Tables

While the summary indicator can provide a measure of overall housing need, targeting housing assistance appropriately requires more detail about income variation within the total number of low-income, severely cost-burdened households, for two reasons:

1) If needs are to be addressed through construction of new units, income variation within low-income households means that not all new rent- or price-restricted units will be affordable to all households. For example, a household at 30% AMI would still pay more than half of its income for rent in an apartment with rent set for households with incomes of 60% AMI.

2) A number of housing programs, such as the Low Income Housing Tax Credit and, in most cases, Section 8 Housing Vouchers, set income limits below 80% of area median.

Therefore, we can also provide supplemental tables with more detail on the income categories that make up the summary need indicator.

Affordable housing Need Detail 2010-2040. Number of severely cost burdened(50%+) households with income less than 80% AMI by tenure and income level
Tenure: Owner
Place Household Income as % of AMI 2010 2015 2020 2025 2030 20352040
Broward 30% AMI or less 36881 39573 42631 45746 48766 51184 53078
Broward 30.1-50% AMI 23908 25722 27894 30075 32155 33793 35059
Broward 50.1-80% AMI 21929 23263 24738 25951 26933 27854 28713
Broward Total below 80% AMI 82718 88558 95263 101772 107854 112831 116850
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Affordable housing Need Detail 2010-2040. Number of severely cost burdened (50%+) households with income less than 80% AMI by tenure and income level
Tenure: Renter
Place Household Income as % of AMI 2010 2015 2020 2025 2030 20352040
Broward 30% AMI or less 42073 44088 46197 48090 49501 50878 51991
Broward 30.1-50% AMI 23572 24733 26174 27402 28312 29168 29826
Broward 50.1-80% AMI 7818 8211 8762 9270 9644 9959 10168
Broward Total below 80% AMI 73463 77032 81133 84762 87457 90005 91985
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Projected Increase in Cost-Burdened Households

Another table that might be useful in planning is the projected increase in severely cost-burdened, low-income households over multi-year periods. Governments could choose to seek construction of units to meet this growth in low-income households that would not be able to afford housing without assistance. While this would not address the existing need, it would keep the affordable housing shortage from worsening.

Growth in severely cost burdened (50%+) households with income less than 80% AMI by tenure and income level
Tenure: Owner
Place Household Income as % of AMI 2010-2015 2015-2020 2020-2025 2025-2030 2030-2035 2035-2040Total
Broward 30% AMI or less 2692 3058 3115 3020 2418 1894 13505
Broward 30.1-50% AMI 1814 2172 2181 2080 1638 1266 9337
Broward 50.1-80% AMI 1334 1475 1213 982 921 859 5450
Broward Total below 80% AMI 5840 6705 6509 6082 4977 4019 28292
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Growth in severely cost burdened (50%+) households with income less than 80% AMI by tenure and income level
Tenure: Renter
Place Household Income as % of AMI 2010-2015 2015-2020 2020-2025 2025-2030 2030-2035 2035-2040Total
Broward 30% AMI or less 2015 2109 1893 1411 1377 1113 7903
Broward 30.1-50% AMI 1161 1441 1228 910 856 658 5093
Broward 50.1-80% AMI 393 551 508 374 315 209 1957
Broward Total below 80% AMI 3569 4101 3629 2695 2548 1980 14953
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Conclusion

The initial AHNA needs summary figure (Alternative #1) of all low-income, severely cost-burdened households provides one measure of affordable housing needs in a local community. With additional data, however, county and local governments can make more informed decisions about housing assistance needs and programs. Projections of future increases in severely cost-burdened households and construction needs can guide cities and counties in preventing growth in the local affordable housing need. More detailed information about income can help counties and cities find ways to address the existing need with the various state and federal housing programs designed to serve particular income levels.