Public Review Draft Chapter 4

Table of Contents

4.0 Housing Sites Inventory

4.1 Introduction

4.2 Regional Housing Needs Allocation

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Table of Contents

4.0 Housing Sites Inventory

4.1 Introduction

4.2 Regional Housing Needs Allocation

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4.1 Housing Sites Inventory

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The Association of Monterey Bay Area Governments’ forecasts that the two-county Monterey Bay Area will add 32,867 new households between 2020 and 2045[1]. For the eight-year time frame covered by this Housing Element Update, HCD has identified the region’s housing need as 33,274 units. The total number of housing units assigned by HCD is separated into four income categories that cover housing types for all income levels, from very low-income households to market rate housing. This calculation, known as the Regional Housing Needs Allocation (RHNA), is based on population projections produced by the California Department of Finance as well as adjustments that incorporate the region’s existing housing need. The adjustments result from recent legislation requiring HCD to apply additional adjustment factors to the baseline growth projection from the California Department of Finance, in order for the regions to get closer to healthy housing markets. To this end, adjustments focus on the region’s vacancy rate, level of overcrowding and the share of cost burdened households, and seek to bring the region more in line with comparable ones. These new laws governing the methodology for how HCD calculates the RHNA resulted in a significantly higher number of housing units for which the Monterey Bay Area must plan compared to previous cycles.

[1] Final 2022 Regional Growth Forecast, AMBAG, November 18, 2020

4.2 Regional Housing Needs Allocation

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AMBAG adopted its Final 6^th Cycle Regional Housing Needs Allocation Plan 2023-2031 in October 2022. Carmel-by-the-Sea-by-the-Sea’s share of the regional housing need for the eight-year period from 2023 to 2031 is 349 units, which is a 1,125 percent increase over the 31 units required by the 2014 to 2023 RHNA. The housing need is divided into the four income categories of housing affordability. Table 4-1 shows Carmel-by-the-Sea-by-the-Sea’s RHNA for the planning period 2023 – 2031.

Table 4‑1 Carmel-by-the-Sea-by-the-Sea’s Regional Housing Needs Allocation 2023–2031

Income Group	Carmel-by-the-Sea- Units	Percent	Monterey County Units	Percent	Monterey Bay Area Units	Percent
Extremely Low Income (<30% of AMI)	57	16.3%	2.206	10.9%	3,934	11.8%
Very Low Income (<50% of AMI)	56	16.0%	2,206	10.9%	3,934	11.8%
Low Income (50%-80% of AMI)	74	21.2%	2,883	14.2%	5,146	15.5%
Moderate Income (80%-120% of AMI)	44	12.6%	4,028	19.8%	6,167	18.5%
Above Moderate Income (>120% of AMI)	118	33.9%	8,972	44.2%	14,093	42.4%
Total	349	100.0%	20,295	100.0%	33,274	100.0%

SOURCE: AMBAG 2021

NOTE: The Association of Monterey Bay Area Governments (AMBAG) Executive Board adopted the 2023-2031 Regional Housing Needs Allocation Plan (RHNA) on October 12, 2022 (Resolution No. 2022-24). The plan was approved by the California Housing and Community Development on
November 8, 2022.

Page last updated: 06 Jul 2023, 09:00 AM

Public Review Draft Chapter 4

4.1 Housing Sites Inventory

4.2 Regional Housing Needs Allocation

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