Get the free HOUSING COST IMPACT STATEMENT - State of Oregon

Secretary of State NOTICE OF PROPOSED REMAKING HEARING A Statement of Need and Fiscal Impact accompanies this form. Oregon Department of Energy Agency and Division Kathy Stratford Rules Coordinator

How to fill out housing cost impact statement

Point by point how to fill out a housing cost impact statement:

1. Begin by gathering all relevant financial documents, such as mortgage statements, rent receipts, utility bills, and property tax records.
2. Calculate the total cost of your housing expenses by adding up all these payments.
3. Determine the time period for which you want to assess the impact, whether it's monthly, quarterly, or annually.
4. Identify any factors that have influenced your housing costs during the assessed time period, such as changes in rent, mortgage rates, or property taxes.
5. Evaluate the impact of these changes on your overall budget and financial stability. Consider how they have affected your ability to save, pay other bills, or meet other financial goals.
6. Analyze any potential future changes in housing costs, such as anticipated rent increases or changes in interest rates.
7. Consider the broader impact of housing costs on your quality of life. Reflect on how housing expenses affect your ability to afford other necessities, contribute to savings, or engage in leisure activities.
8. Outline your findings in a clear and concise manner, using charts, graphs, or tables if necessary.
9. Provide any necessary explanations or justifications for your findings.
10. Review the completed housing cost impact statement for accuracy and coherence.
11. Submit the statement to the appropriate party or keep it for your records as needed.

Who needs a housing cost impact statement?

1. Individuals or families who are considering a move to a new location and want to assess the overall impact of housing costs on their budget.
2. Renters or homeowners who are experiencing significant changes in their housing costs and want to understand the financial implications.
3. Organizations or agencies that provide housing assistance or financial planning services and need to evaluate the affordability of housing options for their clients.
4. Researchers or policymakers studying housing affordability and looking for data on the impact of housing costs on individuals or communities.
5. Financial institutions or lenders who require a housing cost impact statement as part of a loan application process or for assessing creditworthiness.
6. Individuals or families going through significant life changes, such as marriage, divorce, or retirement, who want to assess the affordability of their current housing situation.
7. Government agencies or regulatory bodies that need to assess the overall impact of housing costs on a specific population or geographic area.

For pdfFiller’s FAQs

What is housing cost impact statement?

A housing cost impact statement is a document that assesses the potential impact a housing project may have on the cost of housing in a specific area.

Who is required to file housing cost impact statement?

Developers or individuals planning a housing project are typically required to file a housing cost impact statement.

How to fill out housing cost impact statement?

To fill out a housing cost impact statement, you will need to provide detailed information about the proposed housing project, including its location, size, and estimated impact on the local housing market.

What is the purpose of housing cost impact statement?

The purpose of a housing cost impact statement is to assess and disclose the potential effects a housing project may have on the cost and availability of housing in a specific area.

What information must be reported on housing cost impact statement?

A housing cost impact statement typically requires information such as the project's location, size, plans for affordable housing, estimated market demand, and potential effects on the local housing market.

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