Population, Housing, & Employment Orange County, California Victoria Basolo, Ph.D., AICP Department of Planning, Policy, and Design University of California, Irvine Presented: May 2, 2003

POPULATION

Population, Percent Change Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Population Density, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Population by Age Groups, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Population Projections, Source: California Department of Finance, 2000

Orange County grew by 18.1% from 1990 to 2000, faster than the State as a whole Over the next 20 years, the County is expected to grow by an additional 22.4% Much of the increase in population will be from natural increase, existing residents maturing through the life cycle Orange County Population Summary

HOUSING

Housing Units, Percent Change Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Homeownership Rates, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Percent Single-Unit Housing, 1990 & 2000 Source: U.S. Census Bureau Census, STF 3; Census 2000, SF 3.

Percent Multi-Unit Housing, 1990 & 2000* Source: U.S. Census Bureau Census, STF 3; Census 2000, SF 3. *Includes mobile homes

Owner Vacancy Rates, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Rental Vacancy Rates, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 1.

Source: U.S. Census Bureau Census, STF 1 and 3; Census 2000, SF 3. Median Housing Value and Rent, 1990 & 2000

Housing Costs

Overcrowding Rates, 1990 & 2000 Source: U.S. Census Bureau Census, STF 1; Census 2000, SF 3.

Orange County housing stock grew by 10.8% from 1990 to 2000, lagging behind demand as are many of CA housing markets In 2000, vacancy rates were very low at less than 1% for owner housing and 3% for renter housing Median housing value increased by about 7% and Median contract rent at just over 18% from 1990 to 2000 Orange County housing is very expensive Overcrowded units increased by 15.7% in the 1990s. Orange County Housing Summary

EMPLOYMENT

Employment Change, 1990 to 2000 Source: U.S. Census Bureau Census, STF 3; Census 2000, SF 3.

Unemployment Rates, 1990 & 2000 Source: U.S. Census Bureau Census, STF 3 and 3; Census 2000, SF 3.

Orange County Employment by Industry, 2000

Source: U.S. Census Bureau Census, STF 3 and 3; Census 2000, SF 3. Percent Work and Live in Same County, 1990 & 2000

The number of Orange County resident employees grew by 3.59% from 1990 to 2000, a much smaller increase than most of the surrounding counties Unemployment increased slightly from 1990 to 2000 Residents are employed in a diverse number of industries suggesting an overall diversified economy Orange County Employment Summary

OVERALL OUTLOOK

Housing production lags far behind demand and market “catch up” unlikely Identified as “High Tech” Economy by Landis & Elmer (2001)--high tech economies associated with higher cost housing Housing considered the most important public policy issue by only 6% of OC residents (UCI, OC Annual Survey, 2000), but cited as #1 barrier to doing business in OC (UCI, 2001 OC Executive Survey) Growth, Housing, and the Economy Existing housing needs are unmet and future population growth creates additional needs for housing Economy’s diversity and high tech cluster presents the need for higher middle income housing as well as housing affordable to service workers Housing development requires integrative, collective effort among business, residents, and public officials

Innovations Through Integrated, Collective Action Cooperative development of programs to link housing and jobs –Loans to employees who stay longer terms with employers and live close to work (sliding scale from full repayment to fully forgiven) –Rental development agreements among employers, developers, and cities/counties (lease up at market and below market rents guaranteed for period of years) –Development incentives to developers building mixed-income housing near job centers (loans, increased density, land at reduced cost) Cooperative Housing Development Fund –Regional fund receiving donations and stream of revenue from employee tax and sales tax –Land Trust (non profit) receiving donations and purchasing properties for permanent affordability Cooperative Effort for State Legislation –State tax credits for businesses with employer-assisted housing programs (certified by staff overseeing regional housing fund) –State tax credits for landowners (landlords and owners) who demonstrate proximity of tenant to place of work