CHAPTER TITLE - City of Downey

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City of Downey Table 4-7: Overcrowding by Tenure Tenure Total Housing Units Overcrowded Households Percentage Severely Overcrowded Households Percentage Renters 16,776 955 5.6% 761 4.5% Owners 16,866 1,333 7.9% 461 2.7% Source: U.S. Census Bureau, 2011 American Community Survey. 4.2.3. – Household Income and Income Distribution Assessing income groups is a major component of evaluating housing affordability. According to the 2010 Census, the median household income in Downey was $59,674 per year. The median household income for the County of Los Angeles was less but close to the City median at $55,476 per year. Among neighboring cities, the median household income ranged from a low of $39,167 in Bell Gardens to a high of $50,565 in Bellflower. The $45,667 median household income for the City of Downey was the third highest among neighboring cities, behind Bellflower at $59,674 and Norwalk at $60,488. The State Department of Housing and Community Development developed the following income categories based on the Median Family Income (MFI) of a Metropolitan Statistical Area (MSA) established by the U.S. Department of Housing and Urban Development: • Very Low-Income: 50 percent or less of the area MFI; • Low-Income: between 51 and 80 percent of the area MFI; • Moderate-Income: between 81 and 120 percent of the area MFI; • Upper-Income: greater than 120 percent of the area MFI. The 2010 MFI for the Los Angeles County MSA ($63,000) was used to interpolate the City's income distribution from the census according to the above categories. The income distribution of the City of Downey, based on 2010 Census data, is presented in Table 4-8. In 2010, it is estimated that: 7 percent of the households earned less than $14,999 annually; 20 percent earned between $15,000 and $34,999 annually; 15 percent earned between $35,000 and $49,999 annually; 21 percent earned between $50,000 and $74,999 annually; and 37 percent earned above $75,000 annually. 48 2014- 2021 Housing Element
City of Downey Table 4-8: Downey Household Income – 2010 Income Level No. of Households % of Total < $10,000 1,143 3.4% $10,000 - $14,999 1,296 3.9% $15,000 - $24,999 3,358 10.1% $25,000 - $34,999 3,309 9.9% $35,000 - $49,999 4,903 14.7% $50,000 - $74,999 6,997 21.0% $75,000 - $99,999 4,691 14.0% $100,000 - $149,000 5,296 15.9% $150,000 + 2,399 7.2% Total Reporting 33,392 100% Source: U.S. Census Bureau, 2006-2010 American Community Survey 4.2.4 – Housing Overpayment State and Federal standards indicate that a household paying more than 30 percent of its income for housing is overpaying. Overpayment for housing can cause an imbalance on the remainder of a household’s budget. In 2010, there were 27,917 total households paying mortgage or rent, of those households 55 percent were overpaying for housing according to the Census. Of these overpaying households, 7,165 (45 percent) were households with a mortgage, while the remaining 8,409 households (55 percent) were in renter-occupied units. Table 4-9 summarizes housing overpayment statistics by tenure for the City of Downey and also LA County. Table 4-9: Summary of Housing Overpayment in Downey Overpayment Households Percent LA County Percent Owners with mortgage 12,091 -- -- Overpayment (>30% income on housing) 7,165 55.6% 55.1% Occupied units paying rent 15,826 -- -- Overpayment (>30% income on housing) 8,409 53.9% 56.5% Source: U.S. Census Bureau, 2006-2010 American Community Survey 2014- 2021 Housing Element 49
Page 1: CITY OF DOWNEY 2014-2021 Housing El
Page 4 and 5: City of Downey This Page Intentiona
Page 8 and 9: City of Downey List of Tables Table
Page 12 and 13: City of Downey Figure 1: City of Do
Page 14 and 15: City of Downey density development
Page 16 and 17: City of Downey provide adequate sit
Page 18 and 19: City of Downey 1.4 - Public Partici
Page 22 and 23: City of Downey Goal 1: Preserve and
Page 24 and 25: City of Downey Program 3 - Monitor
Page 26 and 27: City of Downey Goal 2: Encourage a
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Page 58 and 59: City of Downey Table 4-13: Housing
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City of Downey conjunction with exi
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City of Downey Also shown in Figure
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City of Downey Figure 3: Second Uni
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City of Downey underutilized/vacant
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City of Downey Figure 4: Downtown D
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City of Downey or the existing neig
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City of Downey other mixed use in t
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City of Downey development capacity
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City of Downey project at this loca
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City of Downey housing developers i
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City of Downey permitted density of
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City of Downey downtown area. Assum
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City of Downey approximately 32 uni
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City of Downey Assuming a 50% devel
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City of Downey including residentia
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City of Downey tenant improvements.
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City of Downey new transit center s
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City of Downey Site 13 can accommod
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City of Downey 6.4.1 - Environmenta
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City of Downey Table 6-8: Financial
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City of Downey Program Name Descrip
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City of Downey 6.6 - Energy Conserv
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City of Downey • Design including
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City of Downey Table 7-1: Housing A
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City of Downey Provide Adequate Sit
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City of Downey 8. Transitional and
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City of Downey Providing Opportunit
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City of Downey 16. Planned Unit Dev
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City of Downey 19. Prioritize Housi
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City of Downey 23. Affordable Housi
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City of Downey This Page Intentiona
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City of Downey Table A-1: Parcels z
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City of Downey Address AIN Zoning S
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City of Downey Site No AIN Zoning S
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City of Downey Table A-5: Downtown
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City of Downey AIN Zoning General P
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City of Downey This Page Intentiona
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City of Downey 188 2014- 2021 Housi
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City of Downey Table B-1: Stakehold
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CHAPTER TITLE - City of Downey

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