City Council Agenda and Packet 2023 09 26 SP

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increase for homeowners. Overall, rates of cost burden decreased, from 34% to 25% of total households. Exhibit 57: Change in Cost Burden, Louisville and Boulder County, 2011-2021 Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 100% 75% 50% 23% L 2 5% 3896 ' , 28% 0% 13% 2011 2021 1 2011 2021 Renters Owners ■ Cost burdened Severely cost burdened However, given the dramatic increase in housing costs over the past decade, it is unlikely that the decrease in cost burden is due to an increase in housing affordability. Rather, it is much more likely that households experiencing cost burden (especially severe cost burden) in 2011 were eventually priced out of the area and moved to lower cost of living areas and higher - earning households have moved into the area. Homelessness in Boulder County Gathering accurate homelessness data is challenging due to several factors that contribute to its unreliability, including: ■ Transient Nature: Homeless populations are often highly mobile, making it difficult to capture an accurate snapshot of the homeless population at any given time. ■ Lack of visibility: Many individuals experiencing homelessness do not use official shelters or services, locating in certain places to avoid detection, further complicating data collection efforts. ■ Resource Limitations: Conducting comprehensive homelessness counts requires significant resources, including personnel, funding, and time which can also affect the frequency of data collection. ■ Lack of Coordination: Homelessness data collection often involves coordination between multiple agencies, local governments, and non-profit organizations. Lack of coordination can lead to incomplete or duplicated data. These factors, individually and collectively, often result in the underreporting of the homeless population. Exhibit 58 below shows the number of people experiencing homelessness who were ECONorthwest 46 53