Study: North Aurora’s affordable housing stock dropped
BATAVIA – The amount of affordable housing in North Aurora has decreased since 2000, according to a study conducted by the Chicago Metropolitan Agency for Planning.
The results of the study were presented Monday to North Aurora officials.
The study also included the cities of Geneva and St. Charles.
According to the study, about 75 percent of owner-occupied homes in North Aurora were in the affordable category in 2000.
Affordable housing is defined as being less than 30 percent of a household’s income.
In 2011, that number dropped to just under 70 percent, according to the study. However, the gap widened even more for rental units.
In 2000, 61 percent of the rental units in the village were affordable, but that number dropped to 38 percent in 2011, according to the study. The study stated that demand is shifting to renting as opposed to owning a house, and that demand for rental housing in North Aurora is expected to grow at all income levels, especially those under $50,000.
The study also projects that North Aurora’s population will grow to more than 21,000 by 2040, up from the village’s 2011 population of 16,040, which is the latest population count for North Aurora.
The housing study is supported by CMAP and the Regional Transportation Authority, along with the Metropolitan Mayors Caucus, the Metropolitan Planning Council and the Illinois Housing Council.