The plan says median income went up 23% from 2000 to 2009 while at the same time the median value of a home went from $67,900 to $101,000 – a 49% increase. The cost of rent also went up faster than income from 2000 through 2009.
The early draft of the plan says, “With a 49 percent increase in median home value, home ownership is becoming less affordable.”
“[For] families with extremely low incomes, the private housing market holds little hope of their finding suitable housing without assistance,” the plan says. “This points to the need for additional public housing options for potential residents.”
Lubbock draft plan also says, “In some cases households are forced to double-up with other families, sharing housing units that were designed for only one household.”
It also says, “There is a need for more apartment developments with larger units, particularly three or more bedrooms.”
It says 544 Lubbock families are on a waiting list for Section 8 housing (government vouchers are used to offset the cost of rent) and 476 families are on a waiting list for public housing.
The report says some of that money should be spent in specific areas, for example, Mahon, Parkway-Cherry Point, and Dunbar-Manhattan neighborhoods. The report calls for infrastructure improvements such as new sidewalks. It also calls for services such as youth programs. Lubbock currently receives more than $2.8 million per year in federal money to provide low-income housing.
The City Council has scheduled a public hearing on the plan for Thursday at 6:00 pm in the City Council Chambers. CLICK HERE to read the 167-page plan.