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• Unmet Affordable Housing Demand <br />There are five components of unmet affordable housing demand. These are• <br />• households paying more than 30% of their income for housing cost <br />• households living in substandard units <br />• households living in overcrowded conditions <br />• households whose members work in Indian River County but cannot afford to live <br />in the county <br />• homeless <br />Based on analysis of available housing data. it is estimated that current unmet affordable housing <br />demand is approximately 12,000 housing units. This includes 6,420 owner -occupied and 4,971 <br />renter -occupied households with incomes less than $35.000 who pay more than 30% of their income <br />for housing costs; 622 households living in substandard housing units; 1,016 households living in <br />crowded conditions; and 328 homeless households. While those numbers total 13.357, there is most <br />likely some overlap between those categories; for example. a family may live in a substandard unit <br />and pay more than 30% of its income for housing. To account for that overlap, the 13,357 number <br />was reduced by 10%, resulting in a total net demand of about 12.000. The 12 000 does not include <br />the number of people who work in the county but cannot afford to live in the county. <br />Each of the affordable housing demand categories is discussed in more detail below. <br />° Housing Cost Burden <br />The following table from the 1990 census identifies the number and percentage of owner -occupied <br />and renter occupied households that in 1990 were paying more than 30% of their income for housing <br />In the higher income categories, it may indicate a personal choice to pay more than 30% of <br />household income for housing; however, for the very low and low income households paying more <br />than 30% of their income for housing. cost is a burden. <br />TABLE 1 <br />HOUSEHOLDS PAYING MORE THAN 30% OF THEIR INCOME <br />FOR HOUSING COST <br />OWNER -OCCUPIED HOUSING UNITS <br />1990 <br />HOUSEHOLD <br />INCOME <br />ACCEPTABLE <br />RANGE OF <br />HOUSING <br />COST <br /># OF HOUSEHOLDS <br />PAYING MORE <br />THAN 30% OF THEIR <br />INCOME FOR <br />HOUSING COST <br />CUMULATIVE <br />TOTAL <br />% OF TOTAL <br />SPECIFIED OWNER <br />OCCUPIED UNITS <br />HOUSEHOLDS <br />WITH <br />AFFORDABILITY <br />PROBLEM <br />(Housing Cost <br />Burden) <br />Less than 10.000 <br />Less than 5250 <br />988 <br />988 <br />524 <br />V <br />S10.000419.999 <br />3250-55(X) <br />456 <br />1.444 <br />7.66 <br />V <br />$20.000-$34.999 <br />$500-$875 <br />947 <br />1391 <br />12.68 <br />535.0(0449.999 <br />$875-51.125 <br />345 <br />2.736 <br />14.51 <br />Over 550.000 <br />More than 51.125 <br />454 <br />3.190 <br />16.92 <br />otal owner -occupied housing units = 18.848 units <br />Source: 1990 Census of Population and Housing <br />As indicated in Table 1, 1,114 or 7.66% of the 1990 owner -occupied households with incomes less <br />than $20.000 were paying more than 30% of their income for housing costs. In 1990. the county's <br />median household income was S28.961. With a $28.961 median household income, the upper limit <br />February 13, 2001 <br />BK 117 PG 110 <br />98 <br />