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Cost Burdened Households Percentage of Households that are Cost Burdened in Hugo, <br />Families who pay more than 30% of their income for housing are 1990-2015 <br />considered cost burdened by Department of Housing and Urban 60% <br />Development (HUD). Families that pay more than 30% of their income 50% 48% 48% <br />for housing may have difficulty paying for necessities such as food, 40% 35% <br />clothing, transportation and medical care. Providing the opportunity 30% ° 22% <br />for affordable housing to develop is a component of healthy City 20% 17% 16°r° 19/° 16% <br />infrastructure. 100° <br />0% <br />The percentage of Hugo residents considered cost burdened increased 1990 2000 2010 2015 <br />in 2010 for both homeowners and renters. However, the U.S. Census ■ Home owners spending 30% or more on housing <br />Bureau estimates that the percent of cost burdened households ■ Renters spending 30% or more on housing <br />that own homes declined by 2015 to 16% (725 households) while Source: U.S. Census Bureau <br />the percent of households that rent remained steady at 48% (293 Figure 4-3 <br />households). <br />HUGO 2040 COMPREHENSIVE PLAN UPDATE <br />DRAFT Dec 14-17 <br />for review only <br />HOUSING 88 <br />