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1 <br /> Its largest disadvantage is that it is very detailed. In 2014, 30 percent of the owned housing units <br /> Rather than describing affordable housing units in Hawaii were affordable to households earning <br /> as those priced below $400,000, planners would 80 percent of HUD AMI (30.4%). There was little <br /> 111 <br /> need to specify target area, unit type, income variation among the counties. <br /> target, and whether the units in question are <br /> occupied, vacant and available, or both Rental units were significantly more likely than <br /> ' ownership units to be affordable to low-income <br /> It is possible to generate an affordability households. Statewide, two-thirds of the rental <br /> measurement for households with incomes housing units were affordable to low income <br /> ' below 30 percent of AMI, or for households with households (66.8%). Once again, the <br /> incomes above 180 percent of AMI. There is percentage of affordable units in Honolulu was <br /> also a potential for comparing the number of lowest among the counties (65.3%). <br /> ' households (families) with specific income levels <br /> to the number of units affordable to those Vacant units across the state maintained the <br /> families based on income and household size. pattern found for occupied housing units. <br /> ' Compared to occupied rental units, a slightly <br /> As discussed in the demand section of this higher percentage of vacant rental units was <br /> report, households may be able to afford to deemed affordable (70.4%). Similarly, close to <br /> make the monthly payments for a housing unit, 35 percent of vacant ownership units (34.8%) <br /> ' but cannot purchase a home because they lack were affordable, versus 30.4 percent of occupied <br /> sufficient funds for the down payment. It is also ownership units. <br /> important, therefore, to examine the supply of <br /> affordable ownership versus rental units. <br /> Figure 8. Percentage of Occupied Housing Units <br /> ' that were Affordable at 80% AMI, 2010—2014 <br /> 70% <br /> 65% <br /> 60% <br /> Y_ <br /> 55% <br /> sa <br /> ' o <br /> Q 50% <br /> 45% <br /> Hawaii Honolulu <br /> Kauai <br /> -Maui <br /> 40% <br /> ' Y2010 Y2011 Y2012 Y2013 Y2014 <br /> Source SMS estimates from ACS 5-year data 2010-2014 <br /> Hawaii Housing Planning Study,2016 Page 31 <br /> ©SMS, Inc. December,2016 <br />