Laserfiche WebLink
Housing Availability and Construction <br />Housing Types <br />Hugo provides a wide range of housing types for their residents. Along with population increases in Hugo, the number of housing units has <br />increased, particularly for townhomes, duplexes, and multi -family homes, as shown in Table 4-1. Percent Change in Housing Type, 1990-2015. <br />Of the homes provided in Hugo, 3,136 of them are considered affordable to households with incomes at or below 30% Area Median Income <br />(AMI), between 31 and 50% AMI, and between 51 and 80% AMI, as shown in Table 4-1. Affordable units available to households. <br />Figure 4-5 shows the Owner -Occupied Housing by Estimated Market Value in Hugo. <br />What is Area Median Income (AMI)? <br />Table 4-1 Affordable units available to households <br />146 863 2,127 <br />Source: Metropolitan Council <br />Table 4-2 Percent Change in Housing Type, 1990- <br />2015 <br />Single -Family Detached 164% <br />The Area Median Income (AMI) is the midpoint of a region's income distribution – half of households in a region Townhomes (single-family attached) 30025% <br />earn more than the median and half earn less than the median. For housing policy, income thresholds set relative <br />to the area median income—such as 50% of the area median income—identify households eligible to live in <br />income -restricted housing units and the affordability of housing units to low-income households. <br />J 2040 COMPREHENSIVE PLAN UPDATE DRAFT Dec14-17 <br />� <br />for review only <br />Duplex and triplex and quad 1087% <br />Multifamily 3594% <br />(5 units or more) <br />Manufactured Home -12% <br />HOUSING 89 <br />