Housing Affordability in Local Government
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Housing Affordability in Local Government

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Housing Affordability in Local Government




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Presentation on theme: "Housing Affordability in Local Government"— Presentation transcript:

Slide1

Housing Affordability in Local Government

Aspen Romeyn

Senior Planner, Triangle J Council of Governments

Slide2

Our Approach

Education is critical

Emphasize that affordable housing is a spectrum

Affordable housing strategies need to be comprehensiveSet the contextShare what we hearProvide an overview of the role local governments can playAddress perceptions to help local governments engage in affordable housing in a positive way

Slide3

Get on the Same Page

Slide4

Understand the Language

Slide5

What “Affordable Housing” Looks Like

Image sources: apartments.com,

Google Street View, dhic.org, communityhometrust.org

Slide6

Why Is This An Issue Now?

Key Trends

Slide7

Rapid Population Growth

The region’s growth is visible on our roadways

Similar “congestion” in the housing market

Slide8

Population Growth vs. Building Permits

For all TJCOG counties

High demand, slower construction since the recession

3,720 more new households than new units

Data from the American Community Survey 5-Year Estimates and U.S. Census Bureau Building Permit Survey.

Slide9

Tight Real Estate Market

Slide10

Rapid Increase in Housing Values

Source: https://www.washingtonpost.com/graphics/business/wonk/housing/overview/

20%+ increase in home values in last 13 years

Slide11

Slower Increase in Incomes

Source: Equitable Growth Profile of the Research Triangle Region

2010 Dollars

$19,210

$25,098

$42,739

$75,980

$102,757

Lower-wage workers have only seen a 7-19% wage increase since 1979

Slide12

What we’ve heard

“Our public works employees live in Lee and Harnett Counties.”

– A small town in Wake County

“Any time a tax credit project is proposed we hear a lot of negative stereotypes.”

“The last affordable apartment complex that was built has 75 units and filled up in a week.”

“Our strongest need is finding housing for families, and that will be more acute when 700 more move in with this new employer.”

“I’m going to have to move away if I can’t find a place in the next few months.”

“My elderly mother wants to move closer to me, but there’s a 12-18 month waiting list for any place that caters to the elderly.”

“We don’t have a lot of land left so it’s hard to create new housing, but demand is high.”

“Our waiting list for rehab and repair projects in Chatham County is about 4 years.”

“We can’t build our way out of this.”

Slide13

Why Local Governments May Want to Engage in Affordable Housing

Local governments have influence over development policies, pay policies, and can leverage state and federal resources

Cross-jurisdictional commuting contributes to traffic congestion, impacts quality of life for residents and workers

Quality housing at different income levels contributes to better health outcomes, educational outcomes, and builds communityWith decrease in state and federal funding for affordable housing, local governments are increasingly choosing to put their own resources towards addressing the issue Consider: what percentage of your local government staff has incomes that would make them eligible for affordable housing?

Slide14

What Can Local Governments Do?

Educate:

educate public, elected officials, developers about benefits and consequences of different types of development.

Facilitate:

provide infrastructure in appropriate places, streamline the development review process, etc.

Stimulate:

Provide financing, land, or grants to fill the financing gap of an affordable housing project.

Regulate:

Set policies about development size, parking, quality, etc. that help produce and maintain quality affordable housing

Slide15

Infographics for a Local Government

Definition of Affordable Housing

Cost-burdened data

How local incomes compare to affordability thresholds

Housing stock

Does it provide options?

How does it impact affordability?

Slide16

Income Data Analysis

Created to help elected officials respond to public perceptions about a proposed workforce housing development.

The income limits for the project: $30,000 - $50,000

The median household income in Princeton: $35,55625-30% of resident households in Princeton and Johnston County would be eligible to live in the proposed apartments.

Slide17

Opportunity Sites Analysis

Chatham County Housing Committee

Slide18

Housing & Transportation Costs

Proportion of income spent on housing & transportation, with 45%+ considered cost-burdened

Median Income Household

80% AMI Household

Data from the Housing & Transportation Index.

Slide19

Link between Land Use, Housing, & Transit

Durham-Orange Light Rail

Wake Transit

Slide20

Link between Land Use, Housing, & Transit

Slide21

Address Perceptions

Slide22

Address Perceptions

Slide23

Effective Value Statements

“We need to remove the barriers that Triangle residents with low incomes face in finding housing they can afford, close to work and schools.”

“Children deserve an opportunity to succeed in school and life, which is tied to having a stable home.”

“We can live in a region where everyone has access to opportunity and a decent, stable, affordable place to call home. By investing in housing opportunities, we can create communities with a better future for all of us.

“It is only fair that everyone has a safe, decent place to live.”

“Hardworking people should be able to afford housing and still have money for groceries and other basic needs.”

“Housing gives people an opportunity to build better lives. To succeed you need a place to call home.

Slide24

Thank You

Resources:

www.tjcog.org/housing.aspx

Aspen RomeynSenior PlannerTriangle J Council of Governmentsaromeyn@tjcog.org

919-558-9319

Slide25

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