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TABLE 8 Demand amir Current numbcr of owner -occupied households with incomes less than 535,000 paying more tha housing costs. - Current number of renters with incomes less than 535,000 paving more than 30% of their income Number of 1990 sub -standard housing units Number of 1990 over -crowded housing units Estimated number of homeless (amities provided by IRC Continuum of Care office Number of people working in the county but living outside of the county Subtotal Estimated Overlap f IO%) Total (Net) Affordable Housing Demand n 30% of their income for for housing costs Number of subsidized MF housing units Number of subsidized SF housing units Number of SHIP assisted SF housing units Number of Section 8 rental assistance vouchers Number of subsidized MF housing units in Sebastian Subtotal Number of SF housing units application under consideration Number of MF housing units to be constructed Total Affordable Housing Supply 6.420 4.971 622 1.016 328 Unknown 13357 1.335 12,0=2 1.396 60 454 267 67 2.253 172 76 2,492 As indicated in the unmet affordable housing demand section of this report. most of the affordable housing need consists of households paying more than thiny percent of their incomes for housing. While some of these households may pay only slightly more than thirty percent of their income for housing and therefore do not have a significant housing problem, other households pay a higher percentage and have a more significant housing problem. Also important to consider is that the affordable housing need estimate does not include households whose members work in the county yet do not live here because they cannot afford to. ° Other Affordable Housing Need Indicators While the housing need estimates noted above are based upon census data, University of Florida Shimberg Center for Affordable Housing estimates, and other sources of housing data, there are other indicators of affordable housing need in the county These indicators include waiting lists at affordable housing projects and at the Indian River County Housing Authority, unfunded SHIP applications, and median income/median housing cost comparisons. Waiting Lists To determine occupancy rates for existing affordable housing surveyed those projects in December, 2000 and January, 2001. are generally 100% occupied. There are occasional vacancies relate to normal turnover applicable to all rental projects. projects in the county, planning staff The results indicate that the projects in some projects. but those primarily Also important to note is that most of the projects have tenant restrictions. Some are limited to elderly households; some are required to have a minimum number of households below a certain income level (such as 50% or the meolan); and all must rent to tenants who make little enough to meet income qualifications, yet enough to pay the rent. Most of the projects also have other qualification criteria such as credit, employment, and others. February 13, 2001 103 BKtI7PG115