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Also attached to this agenda item: 1-Acre Parcels within the Village Comprehensive Plan References to Housing Croton-Harmon School District Enrollment Trend Existing Multi-Family Units in Croton-on-Hudson Flowchart for floating zone petition Flowchart for multi-family in non-residential zones... Housing Monitor Report Housing Units Built by Year Letter from Housing Monitor - June 2016 Letter to Housing Monitor - May 2016 Map of Non-Residential Zoning Districts Non-Residential Zoning Memo

POPULATION AND HOUSING COST CHANGE Population Change Age Cohorts Change (count) Change (%) 2000 to 2010 to 2000 to 2000 to 2010 to 2000 to <20 2,065 2,236 2,330 8.3% 4.2% 12.8% 20-29 1.9% 21.5% 23.8% 30-44 1,985 1,488 1,411 -497 -77 -574 -25.0% -5.2% -28.9% 45-64 1,986 2,638 2,592 -46 32.8% -1.7% 30.5% 65-74 16.9% 28.9% 50.7% 75-84 -32 -12 5.5% -8.3% -3.3% -34 -8 14.2% -16.3% -4.4% Total 7,606 8,070 8,257 6.1% 2.3% 8.6% Median Monthly Gross Rent (Inflation Adjusted) $ Change in Rent % Change in Rent 2000 to 2010 to 2000 to 2000 to 2010 to 2000 to Croton-on- Hudson $1,339 $1,477 $1,597 $138 $120 $258 10.3% 8.1% 19.2% Westchester County $1,207 $1,348 $1,444 $141 $96 $237 11.7% 7.1% 19.6% Median Homeowner Costs for Homeowners with a Mortgage (Inflation Adjusted) $ Change in Cost % Change in Cost 2000 to 2010 to 2000 to 2000 to 2010 to 2000 to Croton-on- Hudson $3,025 $3,404 $3,276 $378 -$128 $251 12.5% -3.7% 8.3% Westchester County $3,412 $3,518 $3,340 $105 -$178 -$72 3.1% -5.1% -2.1% Source: Decennial Census, 2000, 2010; American Community Survey 5-year Estimates, 2010 and 2017 VILLAGE OF CROTON-ON-HUDSON RENTERS AND OWNERS Occupied Housing Units 3,029 Renter-Occupied Housing Units Owner-Occupied Housing Units Renter-Occupied (count) Renter-Occupied (%) Owner-Occupied (count) Owner-Occupied (%) 28% 2,187 72% Median Income of Renter-Occupied Households (Inflation Adjusted) Median Income of Owner-Occupied Households (Inflation Adjusted) Source: Decennial Census, 2000; American Community Survey 5-year Estimates, 2010 and 2017 $140,035 $149,223 $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Westchester County Croton-on-Hudson 2010 2017 $74,667 $52,439 $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Westchester County Croton-on-Hudson 2010 2017 VILLAGE OF CROTON-ON-HUDSON HOME SALES TRENDS Residential Sales Trends Median Sales Price 2008-2013 2013-2018 2008-2018 $ change % change $ change % change $ change % change Single Family $510,000 $427,500 $569,900 -$82,500 -16.2% $142,400 33.3% $59,900 11.7% Condo $532,500 $440,000 $695,000 -$92,500 -17.4% $255,000 58.0% $162,500 30.5% Co-op $151,250 $71,000 $102,750 -$80,250 -53.1% $31,750 44.7% -$48,500 -32.1% HOMEOWNERSHIP AFFORDABILITY MATRIX Underwriting Scenario Single Family Homes HUD Area Median Income ACS 2017 Median Income 80% 100% Annual Income $93,650 $117,100 $124,708 Monthly Income $7,804 $9,758 $10,392 Percentage of Income toward Housing Debt 28% 28% 28% Affordable Housing Payment $2,185 $2,732 $2,910 Estimated Insurance and Private Mortgage Insurance $266 $309 $323 Estimated Average Real Estate Taxes per Month $635 $635 $985 Affordable Mortgage Payment (30 yrs @ 4.75%) $1,179 $1,487 $1,586 Affordable Home Price Level $238,000 $300,000 $320,000 Down Payment of 5% $11,900 $15,000 $16,000 Affordable Home Mortgage $226,100 $285,000 $304,000 Median Price $569,900 $569,900 $569,900 Affordable Housing Price GAP (after 5% down) -$331,900 -$269,900 -$249,900 Annual Income Needed for Median Priced Home = $218,000 Assumption of a 30 year, fixed rate mortgage at 4.75%, 28% front-end ratio with a maximum of 43% back-end ratio and a 5% down payment with Private Mortgage Insurance VILLAGE OF CROTON-ON-HUDSON RENTAL HOUSING - OUT OF REACH Municipality 2BR FMR Fiscal Year Annual Wage to Afford 2BR Hourly Wage to Afford 2BR Renter Wage Rate Rent Affordable at Renter Wage Rate Gap in Monthly Rent 2018 # of hours per week at Renter Wage Rate to Afford a 2BR at FMR Croton-on- Hudson $1,687 $67,480 $32.44 $17.28 $899 -$788 75.1 Westchester County $1,687 $67,480 $32.44 $17.64 $917 -$770 73.6 New York State $1,561 $62,440 $30.02 $16.19 $842 -$719 74.2 ALICE HOUSEHOLDS The Asset-Limited, Income-Constrained, Employed (ALICE) project is a dataset developed by United Way to identify households that do not fit the official definition of poverty, but still struggle to make ends meet financially. “ALICE Households” are households that earn an annual income above the federal poverty threshold, but also don’t earn enough to meet basic minimum living costs as estimate by United Way. Source: United Way ALICE Project, 2016 VILLAGE OF CROTON-ON-HUDSON HOUSING COST BURDEN ANALYSIS AFFORDABILITY: ALL INCOME LEVELS Affordable Unaffordable Severe Total RENTERS as a % of the total number 52.5% 22.5% 25.0% 100% OWNERS 1,460 2,090 as a % of the total number 69.9% 13.6% 16.5% 100% COMBINED RENTERS AND OWNERS 1,880 2,890 as a % of the total number 65.0% 16.1% 18.9% 100% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Renters Owners Combined 25.0% 16.5% 18.9% 22.5% 13.6% 16.1% 52.5% 69.9% 65.0% Severely Cost Budened Unaffordable Affordable 25.0% Severely Cost Burdened 47.5% Living in Severely Cost Burdened and Unaffordable Housing Renters 16.5% Severely Cost Burdened 30.1% Living in Severely Cost Burdened and Unaffordable Housing Owners 18.9% Severely Cost Burdened 35.0% Living in Severely Cost Burdened and Unaffordable Housing Renters and Owners VILLAGE OF CROTON-ON-HUDSON HOUSING COST BURDEN SUMMARY COMBINED RENTERS AND OWNERS Number and Percentage of Owners and Renters by Income Level Owner % Owner Renter % Renter Total Household Income <= 30% HAMFI 51.1% 48.9% Household Income >30% to <=50% HAMFI 41.3% 58.7% Household Income >50% to <=80% HAMFI 39.6% 60.4% Household Income >80% to <=100% HAMFI 89.2% 10.8% Household Income >100% HAMFI 1,575 82.9% 17.1% 1,900 Total 2,090 72.3% 27.7% 2,890 RENTERS ONLY Number of Renters by Affordability Level Affordable < 30% Unaffordable 30% to 50% Severe > 50% Total % Severely Cost Burden Household Income <= 30% HAMFI 54.5% Household Income >30% to <=50% HAMFI 75.7% Household Income >50% to <=80% HAMFI 0.0% Household Income >80% to <=100% HAMFI 0.0% Household Income >100% HAMFI 0.0% Total 25.0% OWNERS ONLY Number of Owners by Affordability Level Affordable < 30% Unaffordable 30% to 50% Severe > 50% Total % Severely Cost Burden Household Income <= 30% HAMFI 82.6% Household Income >30% to <=50% HAMFI 65.4% Household Income >50% to <=80% HAMFI 28.6% Household Income >80% to <=100% HAMFI 57.6% Household Income >100% HAMFI 1,360 1,575 2.5% Total 1,460 2,090 16.5% 200 Renter Households =< 50% HAMFI Severely Cost Burdened 240 Renter Households =< 50% HAMFI pay over 30% toward rent 180 Owner Households =< 50% HAMFI Severely Cost Burdened 220 Owner Households =< 50% HAMFI pay over 30% toward owning a home VILLAGE OF CROTON-ON-HUDSON HOUSING DEMAND Housing Problems Renter Households Owner Households Renters and Owners Substandard Severely Overcrowded Severely Cost Burdened Net Housing Demand (households with at least one of the above housing problems) by Income Renter Households Owner Households Renters and Owners Household Income <= 30% HAMFI Household Income >30% to <=50% HAMFI Household Income >50% to <=80% HAMFI Household Income >80% to <=100% HAMFI Household Income >100% HAMFI Income Unavailable Total Demand HOUSEHOLDS WITH DISABILITIES Households with One or More Members with a Disability, by Disability Type Households with One or More Members with a Disability, by Income Disability Type Households Income Households With at Least 1 Type of Disability Hearing or Vision Impairment <= 30% HAMFI Ambulatory Limitation >30% to <=50% HAMFI Cognitive Limitation >50% to <=80% HAMFI Self-care or Independent Living Limitation >80% HAMFI Total Source: HUD, Comprehensive Housing Affordability Strategy (CHAS), 2011-2015 VILLAGE OF CROTON-ON-HUDSON SOURCES AND DATA NOTES POPULATION CHANGE  Source: Decennial Census, 2000 and 2010; American Community Survey 5-year Estimates, 2017 MEDIAN MONTHLY GROSS RENT & MEDIAN MONTHLY HOMEOWNER COSTS  Data Note: Inflation adjustments calculated using the Bureau of Labor Statistics CPI Inflation Calculator.  Source: Decennial Census, 2000; American Community Survey 5-year Estimates, 2010 and 2017 RENTER-OCCUPIED HOUSING / OWNER OCCUPIED HOUSING  Source: American Community Survey 5-year Estimates, 2017 MEDIAN INCOME OF RENTERS AND OWNERS  Data Note: Inflation adjustments calculated using the Bureau of Labor Statistics CPI Inflation Calculator.  Source: Decennial Census, 2000; American Community Survey 5-year Estimates, 2010 and 2017 RESIDENTIAL SALES TRENDS  Source: Hudson Gateway Multiple Listing Service; Valuation Consultants, Inc.; Better Homes and Garden Rand Realty HOMEOWNER AFFORDABILITY MATRIX  Data Note: Assumption of a 30-year, fixed rate mortgage at 4.75%, 28% front-end ratio with a maximum of 43% back-end ratio and a 5% down payment with Private Mortgage Insurance.  Source: American Community Survey 5-year Estimates, 2017; HUD. RENTAL HOUSING – OUT OF REACH  Data Note: The renters wage rate is the ratio between the household incomes of a renter and an owner, which is multiplied by the median wage rate of all households to achieve the renters median wage rate for each municipality  Source: National Low Income Housing Coalition, American Community Survey 5-year Estimates - 2017 ALICE HOUSEHOLDS  Source: United Way ALICE Project, 2016 HOUSING COST BURDEN ANALYSIS  Data Note: “Severely Cost Burdened” = more than 50% of gross household income towards housing costs. “Unaffordable” = More than 30% but less than 50% of gross household income towards housing costs. “Affordable” = 30% or less of gross household income towards housing costs.  Source: HUD, Comprehensive Housing Affordability Strategy (CHAS), 2011-2015 HOUSING PROBLEMS  Data Note: “Substandard” = lacking complete plumbing or kitchen facilities. “Severely Overcrowded” = more than 1.5 persons per room.  Source: HUD, Comprehensive Housing Affordability Strategy (CHAS), 2011-2015 NET HOUSING DEMAND  Source: HUD, Comprehensive Housing Affordability Strategy (CHAS), 2011-2015 HOUSEHOLDS WITH DISABILITIES  Source: HUD, Comprehensive Housing Affordability Strategy (CHAS), 2011-2015