PUBLIC INFORMATION MEETING JUNE 26 , 2013

City of Corona2013-2021 Housing Element

Meeting Objectives

Introduction to the Housing Element Purpose and Requirements Process

Community Input Housing issues and concerns Suggestions for programs and services

What is the Housing Element?

Integral component of City’s General Plan – a vision and blueprint for the future

Contents: Provides an assessment of both current and

future housing needs Identifies constraints and opportunities for

meeting those needs Provides a comprehensive strategy that

establishes goals, policies, and programs Must be reviewed by the State Department

of Housing and Community Development (HCD) for compliance with State laws

Housing Element Contents

Needs Assessment Demographics, Housing Trends and Special Needs

Groups Constraints

Governmental, Market and Environmental Resources

Financial and Administrative Adequate Sites

Housing Plan Previous accomplishments Policies and Programs

Housing Plan

Needs Assessm

ent

Constraints

Resources

Regional Housing Needs Allocation

A critical component of HCD reviewRHNA for fifth cycle update:

1/1/2014 – 10/31/2021 770 units

Goal for accommodating housing need through land use policies and planning (zoning)

NOT a construction obligation

Regional Housing Needs Allocation

RHNACities

Regional

Planning

Agencies

State

HCD SCAG

Chino Hills

862units

Corona 770units

Moreno Valley

6,169units

Norco818units

Riverside City

8,283units

Corona’s RHNA allocation makes up less than one percent of SCAG’s RHNA allocation

Regional Housing Needs Allocation

Very Low

Low Moderate

Above Moderat

eTotal

Fourth Cycle(1/1/2006 – 12/31/2013)

819 560 611 1,317 3,307

Fifth Cycle(1/1/2014 – 10/31/2021)

192 128 142 308 770

Percent Reduction -76.6% -77.1% -76.8% -76.6% -76.7%

Average Reduction for SCAG

-39.2% -42.9% -43.1% -40.6% -41.1%

Regional Housing Needs Assessment

Very Low Income

Lower Income

Moderate

Above Moderat

eTotal

RHNA 192 128 142 308 770

Residential Sites Inventory

North Main St. Specific Plan

979 0 454 1,433

Dos Lagos Specific Plan

0 950 0 950

Downtown Corona Revitalization Specific Plan

0 0 65 65

Sites outside of Specific Plan areas

312 0 0 312

Total 1,291 950 519 2,760

Surplus +971 +808 +211 +1,990

Residential Sites Inventory (2013-2021)

Population Growth Race/Ethnicity

Corona Today

1990 2000 20100

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

76,095

124,966

152,374

2000 20100.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

White Black AsianHispanic Other

Corona Today

Chino Hills

Corona Moreno Valley

Norco Riverside City

Riverside County

0%

20%

40%

60%

80%

100%

120%

140%

Housing Unit Growth

1990-2000 Growth 2000-2010 Growth

Occupancy Type

Housing Problems by Household Income

67%

33%

Owner Renter

All HHs

Moderate

Low

Very low

ExtremelyLow

0% 20% 40% 60% 80% 100%

55%

45%

81%

92%

90%

Housing ProblemsNo Housing Problems

Corona Today

Housing problems include affordability, overcrowding, and substandard conditions

Corona Today

Chino

Hill

s

Coron

a

Mor

eno

Valle

y

Nor

co

City o

f Riv

erside

Count

y of

Riv

erside

$0

$100,000

$200,000

$300,000

$400,000

$420,000 $322,000

$170,000

$348,000 $217,000 $216,000

Median Homes Sale Price (2012)

Corona Today

Man

agem

ent

Engin

eering

Educa

tion

Prote

ctive

Serv

ices Sa

les

Hea

lthc

are

Supp

ort Fo

od

Prep

$62,000$64,000$66,000$68,000$70,000$72,000$74,000$76,000$78,000$80,000$82,000

Income Needed to Afford Housing Compared with Income

Income Needed to Rent an Apt. ($68,640)

Income Needed to Buy a Home ($80,381)

Discussion

Next Steps

Potential adoption October 2013

Revise Housing Element to Address HCD comments ___, 2013

60-day HCD review ___ to ___, 2013

Submit Housing Element to HCD for Review ___, 2013