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152 <br />income at or below 30% of AMI, 9,450 households with income between 31 % and 50% <br />of AMI, and 9,050 households with income between 51 % and 80% of AMIL' <br />* Shec4- Calculate how many housing units will beneeded tnaccommodate these <br />low-income households. <br />Housing units in the 51Y6-80Y6 band are likely to be supplied by the private market <br />rather than governmental subsidies. |fthe region added only 9,050housing units t0 <br />accommodate the net growth in new low-income households needing additional units <br />in that band, the market for affordable housing in that band would become increasingly <br />tight. To ensure the 5% vacancy rate that fosters a healthy housing market, the region <br />needs 9,550 total housing units to house the net growth in low-income households with <br />income between 51Y6and 80Y60fAW1|.VV8d0not apply this vacancy rate adjustment t0 <br />the 0Y6-30Y6band orthe 31Y6-50Y6band because those units are likely tobepublicly <br />subsidized and |euu subject to the upward pressure on housing prices resulting from |ovv <br />vacancy rates. Adding those 9,550units inthe 51Y6-80Y6band tothe 18,900units inthe <br />0Y6-30Y6 band and the 9,450 units in the 31Y6-50Y6 band yields ato1a| regional Need of <br />37,900 units. <br />Par 2: Develop the Total Allocation for Each C0rnrnUnitv <br />The 37,900 total affordable units should be allocated across the region's communities in <br />away that places relatively more affordable housing units where they will expand housing <br />choices the most. Recognizing that Council policies do not encourage development beyond <br />sewer serviced areas, we allocate Need only for the 124 communities with sewer service. <br />The following steps, visualized below in Figure B-3, provide more detail on the method <br />for allocating Need across these 124 communities. Exhibits 5 and 6 following this report <br />indicate the results of these calculations for each community's share of the regional Need. <br />Fi <br />11�1'1 <br />Appendices <br />ure <br />ik, <br />'3:Overview of the Total Allocation <br />Household Growth <br />FAJRT1 <br />Make pre -adjusted <br />allocation proportionate to <br />forecasted growth <br />Adjustments <br />] � , <br />FAJRT2 <br />Make adjustments that place relatively more <br />affordable housing where it can expand <br />housing choice the most <br />