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89HOUSING2040 COMPREHENSIVE PLAN UPDATE DRAFT Dec14-17 <br />for review only <br />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 />Table 4-1 Affordable units available to households <br />Units affordable to <br />households with <br />income at or below <br />30% of AMI <br />Units affordable to <br />households with <br />income 31% to <br />50% of AMI <br />Units affordable to <br />households with <br />income 51% to <br />80% of AMI <br />146 863 2,127 <br />Source: Metropolitan Council <br />Table 4-2 Percent Change in Housing Type, 1990- <br />2015 <br />Housing Type Percent Change <br />Single-Family Detached 164% <br />Townhomes (single-family attached)30025% <br />Duplex and triplex and quad 1087% <br />Multifamily <br />(5 units or more)3594% <br />Manufactured Home -12% <br />What is Area Median Income (AMI)? <br />The Area Median Income (AMI) is the midpoint of a region’s income distribution – half of households in a region <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�