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51 % and 80% of the AMI will be baby boomers whose incomes decline with retirement. <br />While these households fall below the "low-income" threshold, many will own their homes <br />outright and not require the production 0fnew affordable units. The three allocation levels <br />allow the Need for units affordable between 51 % and 80% of AM I to be reduced accordingly <br />while leaving the Need for units affordable at less than 5196 0fAW1| relatively unchanged. <br />Overview ofallocation methodology <br />Appendix B provides a detailed methodology to the Allocation of Affordable Housing Need <br />for 2021-2030.This updated methodology has three main steps: <br />* Part I forecasts the proportion of 2021-2030 net growth in households that will need <br />affordable housing, resulting in a regional Need of 37,900 additional affordable housing <br />units: <br />- 18,900housing units for households earning atorbelow 3096ofAM| <br />- 9,450housing units for households earning from 31Y6t050960fAM| <br />- 9,550 housing units for households earning from 51 % to 80% of AMI (assuming a 5% <br />vacancy rate inthis band) <br />* Part 11 allocates that regional Need to each community in the region with sewer service <br />in alignment with the Council'* policy of limiting growth in areas without sewer service. <br />Additional adjustment factors allocate relatively more new affordable housing where the <br />housing will help expand housing choices the most. <br />p Part III distributes each community's adjusted allocation into the three bands 0f <br />affordability. Each community's share of existing affordable housing within each band of <br />affordability affects how much 0fits Need iSdistributed into each band. <br />Figure 19: Allocation methodology overview <br />__ <br />�...........� <br />Rather than allocate a Need number to communities that is simply the same share of their <br />total forecasted growth as the overall Need for the region, two specific key adjustment <br />factors are used to better reflect unique characteristics of each city that impact the Need: <br />* Ratio of jobs to workers: The ratio of low -wage jobs in the <br />community to low -wage workers who live in a community indicates whether a community <br />imports low -wage workers tofill its |ovv-vvagH jobs and could therefore use additional <br />affordable housing for those workers. <br />* Existing affordable housing: Placing additional affordable housing incommunities <br />where existing affordable housing is scarce expands choice for low-income households. <br />Three: Council Policies and Roles toExpand Viable Housing Options <br />