Title
a. Receive a staff presentation on the Housing Element Sixth Cycle Update (2023-31);
b. Consider the General Plan Elements Update Community Engagement Plan; and
c. Provide input to staff.
Project Location: Unincorporated County of Monterey
Proposed CEQA Action: Statutory Exemption pursuant to Section 15262 of the CEQA
Report
RECOMMENDATION:
Staff recommends the Housing Advisory Committee:
a. Receive a staff presentation on the Housing Element Sixth Cycle Update (2023-31); and
b. Consider the General Plan Elements Update Community Engagement Plan; and
c. Provide input to staff.
SUMMARY/DISCUSSION:
Monterey County Housing Data
As of 2020, the population in the County of Monterey is approximately 439,095, of which 104,482 or about 24% live in the unincorporated areas of the County. The County has been steadily growing at a rate of increase of 0.41% from 2010 to 2020. The current housing stock in unincorporated Monterey County is composed of 39,000 units, of which single family housing makes up 76% and the remaining 24% is Multi-Family & other housing types. In the unincorporated County 71% of households are owner occupied and the remaining 29% are renter occupied.
Housing costs in the County of Monterey have not kept pace with rent and price increases. Since 2015, Monterey County rents have increased by about 65% and home prices have by 93%. However, median income in the County has increased by only 31% since 2014. Based on median income and housing cost about 33% of households of both owners and renters in the unincorporated county are categorized as cost burdened. A cost burdened household is that which spends more than 30% of their household income toward housing. Of these cost burdened households, 45% are severely cost burdened, paying more than 50% of their household income on housing.
Housing Element Sixth Cycle Update (2023-2031)
County staff is working with its consultant to prepare the Sixth Cycle Update (2023-31) to the General Plan Housing ...
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