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<br /> Page 28 <br />Everett 2044 Housing Element Appendix <br />Category 2: Sensitfve informatfon <br />income bands (30–80 % AMI) are over-served by the existfng rental stock. This pattern points city policy <br />toward two clear prioritfes: preserving and creatfng deeply subsidized units for households below 30 % <br />AMI, and encouraging development or preservatfon of upper-bracket (market-rate) rentals to meet the <br />needs of higher-earning tenants. <br />Chart 4B was further updated with the 2017-2021 CHAS data. <br /> <br />Sources: US HUD, 2017-2021 Comprehensive Housing Affordability Strategy (CHAS) (Table 15C) & US HUD, 2015-2019 <br />Comprehensive Housing Affordability Strategy (CHAS) (Table 14B) <br />Between the two CHAS data sets, the overall “hourglass” pattern remains—but the magnitude of <br />imbalances has shifled in important ways: <br />• Lowest-income renters (<30 % AMI) <br />– Households fell from about 7,135 (2015–19) to 6,000 (2017–21), a drop of roughly 1,135 <br />households. <br />– Affordable units dipped slightly from 3,170 to 2,960, a loss of about 210 units. <br />– The shortiall thus shrank from –3,965 units to –3,040 units, an improvement of about 925 <br />units—meaning although the deep-income gap remains severe, it has eased somewhat. <br />• Moderate-income renters (30–50 % AMI) <br />– Households declined from 5,590 to 4,400, a loss of about 1,190. <br />– Affordable units also fell from 10,625 to 6,330, a much larger drop of 4,295 units. <br />– As a result, the surplus contracted from +5,035 down to +1,930 units, signaling that the <br />market’s oversupply at this bracket has tfghtened substantfally. <br />0 <br />2000 <br />4000 <br />6000 <br />8000 <br />10000 <br />12000 <br />14000 <br /><30% AMI 30-50% AMI 50-80% AMI >80% AMI <br />Ho <br />u <br />s <br />i <br />n <br />g <br /> <br />U <br />n <br />i <br />t <br />s <br />Chart 4B: Renter households by income compared to rental <br />units by affordability, 5-Year Average (2017-2021) <br />Households at Income Level Rental Housing Units affordable to income level <br />Shortfall: <br />-3,040 units <br />Shortfall: <br />-470 units <br />Surplus: <br />7,100 units <br />Surplus: <br />1,930 units