Goal Ensure that residents have the resources to meet their daily needs.
Targets By 2035:
Fewer than 10% of households will be cost burdened
Fewer than 5% of households will be severely cost burdened
Outlook Stormy, concerns for the future. The percent of households that are cost burdened or severely cost burdened is more than double the targets set for 2035. Since 1990, the percent of total households that are cost burdened has increased 10% while the percent of total households that are severely cost burdened has increased 4%. This translates to an additional 27,000 households that were either cost burdened or severely cost burdened in 2016.
Why is this important? When households are spending too much of their income on housing, they have less money available to spend on other basic needs, such as food, utilities, health care, and transportation. They also have less money available to spend at local businesses, which would support the region's economy.