Ordinance 3454-15 with Exhibits A- C

EVERETT COMPREHENSIVE PLAN C. Projected Housing Needs 1. In 1990 Everett had 30,799 housing units and a population of 69,974. The projected growth for the Everett Planning Area (city limits and the urban growth area) in the 1994 comprehensive plan for 2012 required 49,404 to 58,286 housing units. By 2010 there were 61,003 housing units within the Everett planning area. 2. The population for Everett (2015 city limits) should increase from approximately 104,900 in 2014 to approximately 143,000 to 165,000 in 2035, for a net gain of 3 8, 100 to 60,100 persons. This will result in the need for approximately 19,050 to 30,050 additional housing units. 3. As the city is mostly built out, the majority of new residential development will need to manifest as multifamily redevelopment and infill. An estimated 1,900 single family units and 17,990 to 28,350 multi -family units could be constructed given the available developable land. 4. From 1990 to 2010 there were 27 annexations adding an additional 5,917 persons at time of annexation. From 2011 to 2014 there were two annexations adding an additional 6 persons. 5. As of 2010 there were 16,394 housing units comprised of 9,181 single family and 7,213 multi -family housing units within the municipal urban growth area, with a projected growth of 2,096 single family units and 1,274 multifamily units by 2035. Future annexations will increase the City's housing count and the capacity to further accommodate projected growth. 6. The expected increase in the percentage of senior citizen residents and greater numbers of special needs people could result in an increased need for smaller adaptable housing units in communities with greater amenities. 7. An increased presence of higher academic education will result in the need for smaller, affordable housing units for an estimated 600 to 1,000 students near and on college campuses. 8. A projected 235 to 470 infill accessory dwelling units could be developed that would be able to serve a wide range of residents requiring affordable housing including senior citizens, special needs people and students. 9. If the household income mix stays constant, 46% of the newly projected housing units will need to serve households at or below 50% AMI. 10. In order for Everett to maintain the existing percentage of Snohomish County households with incomes at or below 80% AMI, an additional estimated 7,410 units will need to be available at rent levels affordable to these households. 11. Increasing rates of poverty and the widening gap between increased housing values and wage increases may require a higher percentage of affordable housing units. 12. Assuming that existing percentages of group quarters remain the same as current levels, additional group quarters will be needed to house approximately 5,720 to 6,600 individuals. HOUSING ELEMENT 21