2010-2014 Consolidated Plan - City of Champaign

impacts the housing market in terms of tenure. Only 47% of the City’s occupied housing units wereowner-occupied in 2000. When the University District (Planning Area 3) is excluded from the housingequation, the owner-occupancy rate rises to 59%. Approximately 51% of the City’s housing units werebuilt before 1970 and most of the oldest housing stock in the City is located within the lowest incomeCensus Tracts.Data collected through the Neighborhood Wellness Plan update process provided critical informationabout the value and condition of the housing stock across the City. In several planning areas, 1, 2, 4, 6,7, 8, 9 and 14, property values were found to be below the citywide median. Properties tended to ratelower on the condition survey in these planning areas than in other parts of the City as signs of age beginto show. Many of these areas also have median incomes below the City’s average. Public investment inthese neighborhoods will be necessary to enable lower-income homeowners to maintain property valuesand to encourage the continued investment of private resources.A full analysis of the Champaign housing market is available in the five-year Consolidated Plan.GEOGRAPHIC DISTRIBUTION AND TARGETED AREASWith the release of low/moderate (low/mod) income block group data from the 2000 U.S. Census, theCity redrafted its target neighborhood map. Low/mod areas are defined as areas in which more than50% of the residents have annual incomes at or below 80% of the area median. The low/modneighborhoods as determined by the 2000 Census are depicted in Exhibit 1. Any federally-fundedactivities designated to benefit a low/mod area (LMA) will take place within the area shaded in red.The low/mod areas closely coincide with neighborhoods designated as Restoration and Preservation areasin the Neighborhood Wellness Plan. Several planning areas that were classified as Preservation areas in1992 have now improved to Conservation in the 2003 plan update. However, Planning Areas 1, 2, and 8are still low/mod in their entirety, while the majority of households residing in areas 3, 4, 7, and 9 werealso considered low/mod in the 2000 Census.The supply/demand, age/condition, and cost of the City’s housing stock were all analyzed as part of theNeighborhood Wellness Plan update process. The information for the analysis report was collected byPlanning Area. The City uses these geographic areas as the basis for collecting neighborhood informationand allocating services. Exhibit 1shows the City’s low/moderateneighborhoods (HUD-definedtarget areas) overlayed on theNeighborhood Wellness PlanningAreas. As noted on the map, allof Planning Areas 1, 2, and 8,most of Area 4, and almost theentire residential section ofPlanning Area 7 are consideredlow- and moderate-incomeneighborhoods, by HUD’sdefinition. This means that morethan half of the residents inthese areas have incomes thatare below 80% of the areamedian income. Also, PlanningArea 14, although notlow/moderate income by HUD’sdefinition, has a median incomethat is less than the City’sMattis104 FY 2010/11 Annual Action Plan: Geographic Distribution and Housing Market Analysis