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The RHNA estimates the need for housing to accommodate anticipated growth in the three counties. Estimates are provided at the regional, county, and municipal level. The RHNA also includes an assessment of the need for affordable housing. The affordability needs estimate takes into account the current downturn in the housing market and the overall economy, and its impact on the Three-County region. Considering expected demographic changes, in-migration, energy prices, forecasted income levels and housing prices, among other factors, the RHNA provides the three counties with the necessary data critical for planning for housing needs over the next 11 years. Despite the short term relief for some homeowners in the Three-County region that has come from price declines in the housing market, the need for affordable housing is expected to continue to grow out to 2020, the time horizon of the RHNA.
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