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Introduction Everett Housing Action Plan 2 Area and housing issues should be analyzed and evaluated for expansion of the proposed strategies into those annexed areas. In Everett, particular importance should be given to increasing residential capacity near jobs and/or transit corridors to reduce pressure on the transportation system as our population grows. The Housing Action Plan provides recommendations involving changes to the Comprehensive Plan, development regulations, and funding priorities. Other important components of the Plan are an implementation plan and a monitoring program. SUMMARY OF THE HOUSING NEEDS ASSESSMENT The Housing Needs Assessment (Appendix A) identifies the housing needed by income category for the current planning period. The data indicates a few key points: • More housing units are needed for households below the 50% income threshold and above the 80% income level. These data points represent future need and not current gaps. • Everett demographics are shifting to families with less kids and less married couple families. • The Elderly (60+) population is growing and the future impact on housing and services will be significant. • 44% of the City’s housing stock is multifamily housing and 56% of units are single-family homes. • 56% of households are renters while 44% are homeowners. Figure 1. 2019–2035 Future Housing Need. * New growth only; allocations by income assume similar income distribution to current conditions. *HAMFI=Hud Are Median Family Income 9,267 3,529 9,981 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 <=50% HAMFI >50% TO <=80% HAMFI >80% HAMFI