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DSD-20-006 - Affordable Housing Strategy Phase 2 - Housing Needs Assessment
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DSD-20-006 - Affordable Housing Strategy Phase 2 - Housing Needs Assessment
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1/27/2020 10:52:20 AM
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1/3/2020 11:00:03 AM
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Reports
Department Name
Development Services
Date of Report
12/23/2019
Date of Meeting
1/13/2020
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CIS Agenda - 2020-01-13
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\Public Access Folders\Agendas\Standing Committees - 02-01-243\Comm & Infra Serv\2020
CIS Minutes - 2020-01-13
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\Public Access Folders\Minutes\Standing Committees - 02-01-241\Comm & Infra Serv (Dec 2010-Pres)\2020
Council Agenda - 2020-01-27
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\Public Access Folders\Agendas\Council Agendas - 02-01-031\2020
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Figure 2-Housing Continuum <br />The housing continuumrepresents the range of housing options availableto people. At one end <br />of the continuum there are people in crisis without housing, in shelters, living with housing <br />insecurity, or with housing in a poor state of repair. Further along are people living in transitional <br />and supportive housing or community housing where housing costs are subsidized. In the <br />middle are affordable rental and ownership housingoptions that people with moderate incomes <br />can afford. Until recently most households in Kitchener had a wide range of housing options they <br />could afford,but this is no longer the case. Now, nearly 80% of ownership housing units are only <br />affordable for the 35% of Kitchener households that have high incomes. Undertaking a Housing <br />Assessment helps us understand the forces on the housing continuum that make it more, or <br />less, suitable for people and more, or less, affordable for people. <br />Kitchener is a dynamic city experiencing recent growth and development which is expected to <br />continue in the future. The city attractsa wide diversity of people eager to live and work in the <br />community. The city is changing with taller buildings and a trend to smaller household sizes. <br />Over a 25-year period, Kitchener is expected to grow by approximately 80,000 people, which is <br />equivalent to about 35,000 new households.This growth brings both benefits and challenges. <br />The challenge addressed in the Housing Assessment is the impact on housing affordability for <br />existing and future residents. <br />Key Findings <br />1.The current housing delivery and support systemis not functioning effectively. <br />Housing needs are not being met and the existing silo approach by levels of government, <br />non-profits, institutions and the private sector is not as effective as needed. <br />2.Housing in recent years has become increasingly unaffordable for an increasingly <br />. Incomes are not keeping pace with rising costs of <br />rental and ownership housing. Inflation increased by 18%, average rents increased by 35 % <br />and average housing prices increased by 88% from 2008 to 2018. Most of the increase in <br />rents and housing prices occurred between 2016 and 2018. <br />3.Poverty and Core Housing Need is increasing in the City of Kitchener.Food Bank use <br />is increasing. The most significant increase has been by single people which has nearly <br /> <br />7 - 3 <br />
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