CITY OF MADRAS HOUSING ACTION PLAN Sample Clauses

CITY OF MADRAS HOUSING ACTION PLAN. The City of Madras (City) adopted and started to implement the Madras Housing Action Plan (MHAP) in 2019, which included numerous actions to support housing development in City. The City just completed a Housing Capacity Analysis (HCA) in June 2023. ECONorthwest (Consultant) worked with the City to develop both reports. The HCA showed that the City’s housing market improved, along with the City’s implementation of key actions in the MHAP. The HCA also showed that the City still has substantial unmet housing needs, especially for households with income below the Jefferson County Median Family Income (MFI) of $71,600 in 2022. The analysis showed that 40% of the City’s households were cost burdened, including 53% of renter households. About half of City’s households had income below $36,000 (50% of MFI for a household of four people) and about 15% had income between $36,000 and $57,000 (50% to 80% of MFI for a household of four people). This information illustrates that the City’s housing market, while improved, is not able to meet need for housing working people and retirees in City. The City wants to update its Housing Action Plan to focus on actions that support development of housing that is affordable for people to live and work in City.
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