Ordinance 2021-94 - Laserfiche WebLink

Il EVERETT COMPREHENSIVE PLAN HOUSING ELEMENT ySeek new opportunities to develop 5. Support the provision of services and the integrated/mixed-use villages around trans- development of facilities for homeless I portation centers, such as proposed light rail individuals and families, giving priority to stations. facilities that provide transitional and permanent housing, with appropriate sup- ". F. Community Housing Affordability portive services. Strategy (CHAS). This federally mandated analysis of the housing needs of low income 6. Provide assistance for supportive housing I and special needs populations was first for special needs groups including the frail adopted in 1991. It contains a one-year stra- elderly, mentally ill, developmentally disabled, tegy and a five-year strategy, and must be physically disabled, persons with AIDS, and Iupdated annually. It includes the following low income households who could benefit by priorities. participating in self-sufficiency programs. 1. Provide safe and affordable rental IV. INVENTORY AND ANALYSIS OF housing opportunities for very low and low EXISTING AND PROJECTED HOUS- II income households, particularly families with ING NEEDS. The Growth Management Act children and families with incomes below 30 requires that the Housing Element analyze percent of the median income. existing and projected housing needs. The I following two sections summarize these needs 2. Provide housing rehabilitation assistance as identified in both the CHAS and the to very low, low, and moderate income "Housing Issues and Policy Directions, Final P homeowners to allow them to remain in their Report" document prepared by the City's homes and to improve the existing owner consultant for the Housing Element. For a occupied housing stock. more detailed description, see Appendix I of I the Housing Element. 3. Maintain a decent and safe living environment for the residents of public A. Existing Housing Needs I housing complexes and provide opportunities for residents to participate in the management 1. In the last six years (1986-1992), the and operation of the housing, as well as to median family income in the Seattle/Everett Iexplore the potential for resident ownership Metropolitan Area increased by 39%, while of projects. Monitor the status of privately- the average priced home in Everett rose by owned, federally subsidized housing to 92%. Home ownership has become in- 111 identify appropriate strategies for preventing creasingly difficult for first time home buyers their conversion to market rate housing. in Everett. 4. Provide purchase and rehabilitation 2. As of 1989, only 40% of households in assistance to assist low and moderate income the Everett Planning Area had annual incomes I first time home buyers, especially in sufficient ($45,000) to afford the average neighborhoods where investment in home priced home in the area ($133,410), based ownership will compliment other public upon standard mortgage terms and interest 11110 investment in housing or neighborhood capital rates. Within the city limits, less than 25% of improvements. households met this income criterion. I I H-13