RUTLAND HOUSINGMARKET STUDY AND   Final project                   presentationNEEDS ASSESSMENT
AGENDA 6:00    Welcome and overview of the study 6:15     Presentation          Recap of findings          Discussion ...
PROJECT TASKS FOR THE HOUSING               STUDY Met with City staff and toured Rutland  neighborhoods Interviewed loca...
KEY TOPIC AREAS FOR TODAY Revitalizing neighborhoods (and addressing vacant/blighted  properties) Promoting homeownershi...
REVITALIZINGNEIGHBORHOODS
REVITALIZATION IN RUTLAND: KEY                FINDINGS The City of Rutland is losing population not just because of a  re...
COMPETITION FOR HOUSEHOLDS The region is not competing  strongly for households                                        Po...
CONCENTRATIONS OF POVERT Y                     Area                        Percent below                                  ...
A HOUSING PRODUCT IN NEED OF              IMPROVEMENT Median sale price of 2 -4 unit  properties during 2010 -2012  was $...
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Rutland Housing Study Meeting Two Presentation
Upcoming SlideShare
Loading in …5
×

Rutland Housing Study Meeting Two Presentation

1,212 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,212
On SlideShare
0
From Embeds
0
Number of Embeds
855
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Official proclamation may not be helpful – do it if you need it for funding purposes. Keep it low key.
  • Public action for private market reactionIMAGE: of who’s moving in and moving out
  • Employer-based marketing – Syracuse University
  • Rutland Housing Study Meeting Two Presentation

    1. 1. RUTLAND HOUSINGMARKET STUDY AND Final project presentationNEEDS ASSESSMENT
    2. 2. AGENDA 6:00 Welcome and overview of the study 6:15 Presentation  Recap of findings  Discussion of recommendations 7:00 Questions and comments
    3. 3. PROJECT TASKS FOR THE HOUSING STUDY Met with City staff and toured Rutland neighborhoods Interviewed local housing market stakeholders (Realtors®, affordable housing providers, landlords) Compiled, analyzed and mapped data about the Rutland housing market Meeting One: public feedback and input Developed strategic recommendations
    4. 4. KEY TOPIC AREAS FOR TODAY Revitalizing neighborhoods (and addressing vacant/blighted properties) Promoting homeownership Af fordable housing needs
    5. 5. REVITALIZINGNEIGHBORHOODS
    6. 6. REVITALIZATION IN RUTLAND: KEY FINDINGS The City of Rutland is losing population not just because of a regional economic decline, but also because it is not competing well against other towns when households decide where to live Poverty and unemployment is concentrated in particular neighborhoods in Rutland The housing ―product‖ being of fered in parts of Rutland – especially older, small -multiunit stock – is not desired by the marketplace Key areas of concern are located west of Route 7 and close to downtown Locally Undesirable Land Uses (LULUs) may be contributing to some issues with vacant buildings
    7. 7. COMPETITION FOR HOUSEHOLDS The region is not competing strongly for households Population County locations are 70,000 63,400 62,142 61,642 58,347 60,000 outcompeting city locations for 50,000 household choices about where 40,000 Rutland City to live 30,000 18,436 18,230 Rutland County 17,292 16,495 20,000 From 2000 to 2010, Rutland 10,000 City households declined by 0 1%; Rutland County increased 1980 1990 2000 2010 Year by 1%. Source: Vermont Housing Data (www.housingdata.org); US Census Areas west of Route 7 have Households 2000 2010 % change declined the fastest Tract 9630 1,955 1,970 1% Tract 9631 1,713 1,644 -4% Tract 9632 1,400 1,356 -3% Tract 9633 2,384 2,434 2% Source: US Census Bureau
    8. 8. CONCENTRATIONS OF POVERT Y Area Percent below poverty in 2010 Tract 9630 13% Tract 9631 25% Tract 9632 19% Tract 9633 11% Rutland City 16% Rutland County 12% Vermont 11% Area Unemployment rate, 2010 Rutland City 8.8% Rutland County 7.3% Vermont 6.2% Source: American Community Survey 2010 5-year estimates
    9. 9. A HOUSING PRODUCT IN NEED OF IMPROVEMENT Median sale price of 2 -4 unit properties during 2010 -2012 was $75,000 (40% less than single-family) Current value does not support home improvements or financing

    ×