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WORKING DRAFT FOR HCD REVIEW <br />NEEDS ASSESSMENT 3-16 SAN LEANDRO HOUSING ELEMENT <br />Table 3-9: Profile of Rental Housing Listings in San Leandro, August 2014 <br /> <br />Unit Type Advertised Monthly Rents <br />Studio apartment $770-$1,385 <br />1-bedroom $900-$1,775 <br />2-bedroom $1,400-$2,350 <br />3-bedroom $1,750-$2,600 <br />4-bedroom $2,250-$3,000 <br />Source: Craigslist “Housing for Rent” ads for San Leandro, week of August 15, 2014 <br /> <br /> <br />Housing Affordability and Overpayment <br /> <br />The US Department of Housing and Urban Development has defined “affordable” housing as housing <br />which requires no more than 30 percent of a household’s gross monthly income, including the cost of rent <br />or mortgage payments, homeowner’s fees, and utilities. For instance, the “affordable” rent for a two <br />person household with an annual income of $40,000 would be $1,000 a month (including utilities). That <br />household would be defined as “overpaying” for housing if their monthly rent exceeded $1,000. <br /> <br />Table 3-10 provides Census data on overpayment in San Leandro based on the American Community <br />Survey for 2008-2012. The table indicates that 45.3 percent of all San Leandro households paid more <br />than 30 percent of their income on housing in 2012, which is an 12 point increase over 1999. Renters are <br />more heavily impacted than homeowners. Some 51.6 percent of the city’s renters paid in excess of 30 <br />percent of their incomes on housing. The percentage of “overpaying” renters was 40 percent in 1999. <br />Among San Leandro homeowners, 40.7 percent were overpaying in 2012, compared to 28.1 percent in <br />1999. The incidence of overpayment in San Leandro is approximately the same as in Alameda County as <br />a whole, where 51.8 percent of renters and 40.0 percent of owners were overpaying in 2012. <br /> <br />Based on 2006-2010 CHAS data provided to the City by ABAG, lower income households are more <br />likely to overpay for housing than other households. In San Leandro, this is particularly true for lower- <br />income renters. Among very low income renters, 79 percent spent more than 30 percent of their incomes <br />on housing, including 55 percent who spent more than 50 percent of their incomes on housing. Among <br />low income renters, 43 percent spent more than 30 percent of their incomes on housing, with only 6 <br />percent spending more than 50 percent. <br /> <br />The incidence of overpayment is smaller among lower-income homeowners than it is among renters, but <br />it is still substantial. In 2010, 64 percent of the city’s very low income homeowners spent 30 percent or <br />more of their incomes on housing, including 42 percent who spent more than 50 percent on housing. <br />Among low income homeowners, 50 percent spent 30 percent or more of their incomes on housing, <br />including 26 percent who spent more than 50 percent. Conversely, among above moderate income