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WORKING DRAFT FOR HCD REVIEW <br />NEEDS ASSESSMENT 3-17 SAN LEANDRO HOUSING ELEMENT <br />households, only 24 percent of owners and 14 percent of renters were paying more than 30 percent of <br />their incomes on housing. <br /> <br />Despite the run-up in housing costs, there are still a substantial number of San Leandro homeowners with <br />low housing costs. In 2010, 30.4 percent of the city’s homeowners had paid off their mortgages in full. <br />The median monthly housing cost for these households was $425, which primarily covered taxes and <br />insurance. This number includes a substantial number of very low income senior householders. <br />Although these households are not burdened by high monthly housing costs, they may still have a <br />difficult time with home repair and maintenance expenses, as well as property taxes and utility bills. <br />More than 500 San Leandro homeowners with no mortgage on their home still reported spending more <br />than 30 percent of their incomes on housing. <br /> <br /> <br />Table 3-10: Overpayment for Housing in San Leandro, 1999-2012 <br /> <br />Percentage of <br />Income Spent on <br />Housing Costs <br />Renters <br />(1999) <br />Percent <br />of Total <br />(1999) <br />Renters <br />(2008- <br />2012) <br />Estimated <br />2012 <br />Percent of <br />Total (ACS) <br />Owners <br />(1999) <br />Percent <br />of Total <br />(1999) <br />Owners <br />(2008- <br />2012) <br />Estimated <br />2012 <br />Percent of <br />Total (ACS) <br />Less than 25 <br />percent <br />5,422 47.1% <br /> <br />4,315 35.2% 9,925 61.2% <br /> <br />8,097 47.7% <br />25-29 percent 1,492 13.1% <br /> <br />1,596 13.0% 1,720 10.6% <br /> <br />1,974 11.6% <br />30-34 percent 1,121 9,7% <br /> <br />1,240 10.1% 1,276 7.9% <br /> <br />1,449 8.6% <br />35 percent or <br />more <br />3,478 30.2% <br /> <br />5,080 41.5% 3,273 20.2% <br /> <br />5,456 32.1% <br />SUBTOTAL 11,513 100.0% 12,231 100.0% 16,194 100.0% 16,976 100.0% <br />Not computed 485 608 179 64 0.4% <br />GRAND <br />TOTAL <br />11,988 12,839 16,373 17,040 <br />Source: 2000 Census, American Community Survey (ACS) – 2008-2012 <br /> <br /> <br /> <br />Measuring the “Affordability Gap” for Renters and Owners in San Leandro <br /> <br />Table 3-11 indicates the upper limit of affordable monthly housing payments for households of one to <br />eight persons in Alameda County in 2014 using HUD’s definitions. “Affordable” housing for a family of <br />four earning $67,600 a year would be $1,690 a month. Assuming $100 to $150 a month for utilities, this <br />would equate to a monthly rent payment of about $1,550. Comparing Table 3-9 and Table 3-11 indicates <br />a significant gap between “affordable” rents and “market” rents for lower-income households in San <br />Leandro. The following examples indicate the depth of this gap: