Bridging The Gap

565 views

Published on

Published in: Business, Real Estate
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
565
On SlideShare
0
From Embeds
0
Number of Embeds
6
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Bridging The Gap

    1. 1. Southwest Florida Regional Housing Needs Assessment and Strategic Document BRIDGING THE GAP
    2. 2. Presentation Outline <ul><li>What is the Community Housing Subcommittee? </li></ul><ul><li>Goals of the Community Housing Subcommittee </li></ul><ul><li>How did we get here? </li></ul><ul><li>Solutions at the community level </li></ul>
    3. 3. What Is The Community Housing Subcommittee? <ul><li>A collaboration of Regional and Local government along with interested resource parties created In February of 2005 </li></ul><ul><li>Serves the community and region by helping people access affordable housing resources </li></ul><ul><li>A catalyst for the development of affordable housing programs and opportunities for very low, low, and moderate income families of Southwest Florida </li></ul>
    4. 4. Goals of the Community Housing Subcommittee <ul><li>Draft legislation that requires affordable housing be classified as infrastructure in the Growth Management Plans and meets measurable outcomes; </li></ul><ul><li>Provide resource persons for outreach to local government; </li></ul><ul><li>Host regional meetings to assess and discuss affordable housing in the region; </li></ul><ul><li>Catalogue success stories and share ideas on how to address the affordable housing need; </li></ul>
    5. 5. Goals of the Community Housing Subcommittee <ul><li>Promote new methodologies that measure the regional supply and demand for affordable housing, particularly related to DRI; </li></ul><ul><li>Serve as a repository of information on affordable housing; and </li></ul><ul><li>Collaborate with local housing staff, elected officials and the Legislature to formulate new housing polices and recommendations. </li></ul>
    6. 6. What is Affordable Housing? <ul><li>A variety of housing options for very low, low, and moderate income families </li></ul><ul><li>Typically a housing unit is considered affordable if it costs no more than 30% of the family’s monthly income </li></ul><ul><li>Examples include…. </li></ul>
    7. 7. Rental Apartments
    8. 8. Condominiums
    9. 9. Single Family Homes
    10. 10. How Did We Get Here? The Evolution of the Housing Shortage
    11. 11. Affordability Gap Developed <ul><ul><li>Housing cost increase dramatically </li></ul></ul><ul><ul><li>Wages remain fairly constant </li></ul></ul>
    12. 12. The Cost of Housing <ul><li>Sharp increases during 2004 in home prices and lack of growth in household incomes, making houses less affordable </li></ul><ul><li>Despite the continuous increase of permit activity in the past several years, affordably priced housing continues to decline </li></ul>
    13. 13. The Cost of Housing <ul><li>High construction and land costs </li></ul><ul><li>Increasingly complicated and expensive regulatory environment </li></ul><ul><li>Impact Fees </li></ul><ul><li>Rising cost of services and infrastructure </li></ul>
    14. 14. What Does Affordable Mean <ul><li>Sarasota (MSA) Median Family Income-$55,900 </li></ul><ul><ul><li>Affordable Home Price-$198,999 </li></ul></ul><ul><ul><li>Median Home Price-$347,400 </li></ul></ul><ul><li>Collier (MSA) Median Family Income </li></ul><ul><ul><li>Affordable-$225,343 </li></ul></ul><ul><ul><li>Median Home Price- $500,800 </li></ul></ul>
    15. 15. The Cost of Housing <ul><li>Average home prices in the region reach new highs in 2005 </li></ul><ul><ul><li>Naples MSA - $491,400 </li></ul></ul><ul><ul><li>Fort Myers – Cape Coral - $281,000 </li></ul></ul><ul><ul><li>Punta Gorda - $216,500 </li></ul></ul><ul><ul><li>Sarasota - $336,800 </li></ul></ul>Between 2004 and 2005, average home prices increased by approximately 32 percent across the Region
    16. 16. Who is affected by the housing shortage?
    17. 17. Why is Workforce Housing Needed?
    18. 18. Housing’s Connection to the Economy Attracts/Retains Businesses Attracts/Retains Workers A Strong & Diverse Housing Infrastructure Increases Spending in Community
    19. 19. Housing’s Connection to Quality of Life <ul><li>A good jobs-housing balance is an important strategy for… </li></ul><ul><ul><li>decreasing commuting time and highway impacts </li></ul></ul><ul><ul><li>reducing pollution </li></ul></ul><ul><ul><li>increasing citizens’ connection to their community </li></ul></ul><ul><li>Diverse neighborhoods make for healthy communities </li></ul>
    20. 20. Achieving an increase in affordable housing requires: <ul><li>Increased educational outreach </li></ul><ul><li>Community acceptance </li></ul><ul><li>Partnerships with financial institutions, non-profits, builders and government </li></ul><ul><li>Promotion of “best practices” </li></ul><ul><ul><li>Smart Growth development practices </li></ul></ul><ul><ul><li>Legislative </li></ul></ul><ul><ul><li>Regulatory </li></ul></ul>
    21. 21. Does the Comprehensive Plan … Specifically refer to affordable, workforce housing as a priority? Laying the groundwork for regulatory strategies
    22. 22. Zoning and land use regulations influence: <ul><li>Patterns of development </li></ul><ul><ul><li>Lot Sizes </li></ul></ul><ul><ul><li>Density </li></ul></ul><ul><ul><li>Street right of way and </li></ul></ul><ul><ul><li>Pavement width reductions </li></ul></ul><ul><ul><li>Parking space allotment </li></ul></ul><ul><li>Type and size of housing product </li></ul><ul><ul><li>Setbacks and Footprint restrictions </li></ul></ul><ul><li>Mixture of uses allowed </li></ul><ul><ul><li>Conventional Zoning Districts </li></ul></ul><ul><ul><li>PUD’s </li></ul></ul><ul><ul><li>Accessory Apartments </li></ul></ul>
    23. 23. Zoning and land use regulations influence: <ul><li>Developer costs </li></ul><ul><ul><li>Permit Fees </li></ul></ul><ul><ul><li>Impact Fees </li></ul></ul><ul><li>Permit by Right </li></ul><ul><ul><li>Administrative Approvals Vs. Public Hearing </li></ul></ul><ul><ul><li>Take the Politics out of it! </li></ul></ul>
    24. 24. Other ways for municipalities to increase affordable housing opportunities <ul><li>Resale restrictions </li></ul><ul><li>Inclusionary zoning </li></ul><ul><li>Streamline permitting/review process </li></ul><ul><li>Encourage non-profit housing developers </li></ul><ul><li>Donate municipally-owned land </li></ul><ul><li>Create a Housing Trust Fund </li></ul>
    25. 25. Innovative Solutions in Other States <ul><li>Regional Infrastructure Fees </li></ul><ul><li>Linkage Fees </li></ul><ul><li>Inclusionary Housing </li></ul><ul><li>Historic Preservation Tax Credit </li></ul><ul><li>Redevelopment Programs </li></ul><ul><li>Density Bonus </li></ul><ul><li>Urban Growth Boundaries </li></ul>
    26. 26. Innovative Solutions in Other States <ul><li>Market-Based Responses: </li></ul><ul><ul><li>Housing Trust Funds </li></ul></ul><ul><ul><li>Employer Housing Partnership </li></ul></ul><ul><li>Property-Based Responses: </li></ul><ul><ul><li>Resale Restrictions </li></ul></ul><ul><ul><li>Equity Sharing for longer term tenants </li></ul></ul>
    27. 27. What’s the Downside? <ul><li>Decline in the Quality of Life </li></ul><ul><li>Out Migration </li></ul><ul><ul><li>Residents </li></ul></ul><ul><ul><li>Companies/Employers </li></ul></ul><ul><li>Loss of diversity </li></ul><ul><li>Loss of job growth </li></ul><ul><li>Increase in homelessness and social service needs </li></ul><ul><li>Impacts Road Capacities </li></ul>
    28. 28. Questions? … and thank you!

    ×