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Edina Housing Task Force <br />DRAFT March 2006 <br />Charts E and F show that there Is an absolute deficit of afford- <br />able housing in Edina for households under $50,000; the short- <br />age is especially severe for households with Incomes of $25,000 <br />or less. The red line on the chart shows the number of house- <br />holds there are at each income level. The bars show how many <br />total homes are available to households at that income level <br />(color coded by type of housing). The graph shows very clearly <br />that there is a large deficit of housing for families earning less <br />than $25,000, and a smaller but still sizable deficit for house- <br />holds earning between $25,00 and $50,0008. <br />Annual <br />Household <br /><$25,000 <br />$25 000 - <br />$50,000 - <br />$75,000 - <br />Income <br />$56,000 <br />$75,000 <br />$100,000 <br />Affordable <br />ownership <br />$43,000 <br />$120,000 <br />$200,000 <br />$275,000 <br />price <br /># House- <br />holds <br />4 943 <br />4,269 <br />3,983 <br />2,124 <br /># available homes at each income level <br />Annual <br />Household <br /><$25,000 <br />$25 000 - <br />$50,000 - <br />$75,000- <br />Income <br />$50,000 <br />$75,000 <br />$100,000 <br /># Single - <br />Family <br />0 <br />0 <br />52 <br />975 <br />Homes <br /># Town- <br />0 <br />0 <br />103 <br />201 <br />homes <br /># Condos <br />11 <br />682 <br />2544 <br />3097 <br /># Rental <br />793 <br />2923 <br />4503 <br />4857 <br />Surplus/ <br />Deficit <br />-4139 <br />-664 <br />3,219 <br />7,006 <br />Chart F. This chart depicts the number and price of units affordable to house- <br />holds earning incomes within each band, as well as how many homes are available <br />within this band. The last row contains the surplus or deficient of affordable homes <br />to each income band. Chart D shows this deficit on a graph. <br />a 2000 US Census <br />