3. Given the strong support for single-family residential development, how can OV ensure affordable traditional homes?

For example, the state legislature is considering mandating all new SFR subdivisions have at least 10% of units be “affordable.”

• Resident Guidance: According to a statistically projectable survey, 60% of residents are personally concerned with housing costs and 63% think more single-family homes are needed. 
• Existing Conditions: In 2023, 16.3% of owner-occupied homes and 39.8% of renter-occupied homes are cost burdened, meaning more than 30% of their income is spent on housing related costs. A housing affordability gap is the difference between the rents or housing values in a community and the ability of households to afford those rents or values. Oro Valley’s housing affordability gap is 4,561 units, or 22% of total households. Oro Valley’s median household income is $92,548. The average home price in OV is $169K. This requires a household income of $104K-136K.