14490 full.pdf - Georgia Department of Community Affairs
14490 full.pdf - Georgia Department of Community Affairs
14490 full.pdf - Georgia Department of Community Affairs
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DEMAND BY TARGETED INCOME GROUP<br />
PERCENT OF MEDIAN HOUSEHOLD INCOME<br />
PBRA<br />
2001:<br />
($0-$22,450)<br />
2004:<br />
($0-$24,375)<br />
IV-37<br />
60%<br />
2001:<br />
($15,050-$28,000)<br />
2004:<br />
($15,050-$30,400)<br />
MR<br />
2001:<br />
($24,000-$44,400)<br />
2004:<br />
($24,000-$48,210)<br />
DEMAND COMPONENT<br />
DEMAND FROM NEW HOUSEHOLDS<br />
(AGE AND INCOME APPROPRIATE)<br />
+<br />
54 432 490<br />
DEMAND FROM EXISTING RENTER<br />
HOUSEHOLDS (RENT<br />
OVERBURDENED)<br />
+<br />
1,748 968 1,354<br />
DEMAND FROM EXISTING<br />
HOUSEHOLDS<br />
(RENTERS IN SUBSTANDARD<br />
HOUSING)<br />
=<br />
324 179 251<br />
TOTAL DEMAND<br />
-<br />
2,126 1,579 2,095<br />
SUPPLY<br />
(DIRECTLY COMPARABLE UNITS<br />
BUILT OR FUNDED OVER<br />
PROJECTION PERIOD)<br />
=<br />
0 96 0<br />
NET DEMAND 2,126 1,483 2,095<br />
PROPOSED UNITS 40 65 27<br />
CAPTURE RATE 1.9% 4.4% 1.3%<br />
*The estimated income limits for 2004 are based on the historical increase in the median household income in the<br />
Albany MSA over the last five years (1998-2002).<br />
PBRA – Project-based Rental Assistance<br />
MR – Market-rate<br />
DEMAND BY BEDROOM TYPE<br />
TOTAL<br />
NET UNITS CAPTURE<br />
BEDROOMS DEMAND SUPPLY* DEMAND PROPOSED RATE<br />
ONE-BEDROOM 1,256 24 1,232 12 1.0%<br />
TWO-BEDROOM 1,685 48 1,637 79 4.8%<br />
THREE-BEDROOM 995 24 971 41 4.2%<br />
TOTAL 3,936 96 3,840 132 3.4%<br />
*Directly comparable units built and/or funded in the project market over the projection period.
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