Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Nj future redevelopment forum 2019 poole

112 views

Published on

Todd Poole presentation for missing-middle housing session at Redevelopment Forum 2019.

Published in: Government & Nonprofit
  • Your program is absolutely a miracle. I am on day 15, using your method. I am completely OFF ALL MEDICATIONS. I have absolutely no negative side effects. My liver functions are normal, my blood sugar is normal, my energy is higher than it has been in years and I feel great. Your e-book has changed my life. ♣♣♣ http://t.cn/A6vI6Tyi
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Can you earn $7000 a month from home? Are you feeling trapped by your life? Stuck in a dead-end job you hate, but too scared to call it quits, because after all, the rent's due on the first of the month, right? Are you ready to change your life for the better? ◆◆◆ http://t.cn/AisJWYf4
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Honest online career from home Earns upto $550 to $750 doller by way of work is simple on web. i have made $28K only month via chipping away on internet. Its right way and easy home work maybe a piece adolescent can complete this movement on web and benefits. all of you can arrive this function now and start getting on internet throughbasically open this association and some time later ordeal bearings to start HERE ➤➤ http://ishbv.com/ezpayjobs/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Here's How YOU Can Stake Out Your Personal Claim In Our EIGHT MILLION DOLLAR GOLDMINE... ★★★ http://t.cn/AieXAuZz
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • We called it "operation mind control" - as we discovered a simple mind game that makes a girl become obsessed with you. (Aand it works even if you're not her type or she's already dating someone else) Here's how we figured it out... ●●● http://scamcb.com/unlockher/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Nj future redevelopment forum 2019 poole

  1. 1. The Missing MiddleEXPLORING THE US'S HOUSING CRISIS
  2. 2. Housing Trends Concepts & Types Demand Characteristics Assembly Challenges Financial & Fiscal Issues OUTLINE
  3. 3. Average Change in Home Prices by County Source: St. Louis Federal Reserve GEOFRED From 2000-2016, average home prices in New Jersey increased by 50% to 100% depending on the county. 2000 - 2016
  4. 4. Source: St. Louis Federal Reserve In 2015, many New Jersey households were paying more than 30% of their gross income on housing. 2015 Cost Burdened Households
  5. 5. Source: ECONorthwest estimates, Census Bureau ACS 1-year Estimates of housing Stock An econometric statistical model estimated that New Jersey under-produced 319,886 housing units from 2000-2015, equivalent to 8.9% of its total housing stock. 2000 - 2015 Housing Underproduction
  6. 6. Source: U.S. Census Bureau and Department of Housing and Urban Development, Institute for Building Technology & Safety. 1968 - 2017 Supply of New U.S. Housing The supply of new housing in the U.S. is low, by historical levels.
  7. 7. - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1-Unit 2-Unit 3-4 Unit 5+ Unit Source: U.S. Bureau of the Census, Manufacturing and Construction Division 1980 - 2017 New Jersey Housing Units Authorized In recent years, multifamily housing with 5 or more units surpassed single family housing production. However… …“Missing Middle” housing development (principally, 2 to 4 unit structures) has greatly lagged behind the production of other housing typologies.
  8. 8. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Hoboken City Union City West New York Town Jersey City Newark City Passaic City Fort Lee Borough Camden City Bayonne City Trenton City Elizabeth City Paterson City Atlantic City East Orange City Hackensack City New Brunswick City Perth Amboy City Ocean City Long Branch City Plainfield City Linden City Clifton City New Jersey Sayreville Borough Vineland City 1, Detached 1, Attached 2-Unit 3 to 4 Unit 5 to 9 Unit 10 to 19 Unit 20 to 49 Unit 50+ Unit Mobile Home Other Source: U.S. Census Bureau, 2013- 2017 American Community Survey 5-Year Estimates In NJ, single family housing units (detached and attached) represents 63% of all housing. Housing by Building Type Across 25 NJ Cities, 2017
  9. 9. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Union City Paterson City Bayonne City Passaic City Elizabeth City Newark City Perth Amboy City Jersey City West New York Town Hoboken City New Brunswick City East Orange City Clifton City Linden City Hackensack City Atlantic City Plainfield City Long Branch City New Jersey Sayreville Borough Trenton City Ocean City Camden City Fort Lee Borough Vineland City 2-Unit 3 to 4 Unit 5 to 9 Unit 10 to 19 Unit Source: U.S. Census Bureau, 2013- 2017 American Community Survey 5-Year Estimates In NJ, small-scale multifamily housing, also known as “missing middle” housing, represents just 26% of all housing. Missing Middle Housing By Building Type Across 25 NJ Cities, 2017
  10. 10. CONCEPT & TYPES Duplex: Side-by-Side Duplex: Stacked Triplex/Fourplex Courtyard Apartments Bungalow Court Townhouse Multiplex: Small Live/Work Source: Opticos Design, Inc
  11. 11. -500,000 500,000 1,500,000 2,500,000 3,500,000 4,500,000 5,500,000 <1 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 100+ Pre- School- Age Children Grade School- Age Children High School and College-Age Young Workforce and Grads Early-Stage Families Late-Stage Families Young Empty Nesters Older Empty Nesters Mostly Retired 2040 2020 U.S. Population Projections 2020-2040 Source: U.S. Census Bureau, National Population Projections 2014-2060 Key Housing Demand Age Cohorts DEMAND Over the next 20 years, much of the projected population growth driving new housing demand will be among aging Millennials and Baby Boomers.
  12. 12. DEMAND Changing household size, demographics and consumer preferences require a greater variety of housing choices. Millennials • Young, highly educated, technology- driven members of the population desire mobile, walkable lifestyles. Baby Boomers • Americans are working and living longer, and they want to stay mobile and active in their later years. Diverse Households • The number of multi- generational households in the U.S. has been on the rise since 1940. Unsatisfied Suburbanites • A growing demand for a walkable lifestyle has the potential to transform sprawling suburbs into walkable communities.
  13. 13. DEMAND Source: Urban Land Institute. What’s Next at the Local There is a mismatch between growing demand for housing in urbanized walkable neighborhoods and where the majority of our housing stock exists – suburbia. Single-family homes located in conventional suburbs make up 90% of the current housing stock available in the U.S., yet more and more, consumers are seeking non-single-family housing options that offer walkable lifestyle.
  14. 14. Walkable Context Small-Footprint Buildings Lower Perceived Density Smaller, Well-Designed Units Fewer Off-Street Parking Spaces Simple Construction Creates Community Marketable CHARACTERISTICS So what do building types have in common?
  15. 15. ASSEMBLY How does Missing Middle Housing integrate into existing or new blocks? Distributed throughout a block with single-family homes
  16. 16. ASSEMBLY How does Missing Middle Housing integrate into existing or new blocks? Using a block comprised exclusively of Missing Middle types to transition to a commercial corridor
  17. 17. ASSEMBLY How does Missing Middle Housing integrate into existing or new blocks? Placed on the end-grain of a single-family block
  18. 18. ASSEMBLY How does Missing Middle Housing integrate into existing or new blocks? Using Missing Middle types to transition from single-family homes to higher-density housing
  19. 19. CHALLENGES Entitlement • Housing developers widely acknowledge that there is limited available land zoned appropriately for missing middle housing in metro areas Economics • The high cost of development, including construction materials, labor, land, utilities, and fees, is a substantial barrier to housing production. Financing • For homeowners who want to add detached accessory dwelling units or additional internal units, financing these improvements may be challenging. External • While beyond local control, some state building code standards may present challenges for accessible missing middle housing.
  20. 20. Financial Feasibility and Fiscal Impact Considerations Zoning Matters • Facilitating appropriate density through the zoning code is often more beneficial to (and desired by) developers than a tax abatement. “Middle Missing” housing is highly dependent upon economies of scale. Fiscally Friendly • “Missing Middle” housing, generally, is going to be net positive to a municipality and school district. Further, adding these units to a locality is also a supportive measure for local businesses which depend upon households. Supports Business Retention and Recruitment Efforts • If businesses are to be successful in retaining and recruiting talent, long- term, there must be a sufficient inventory of quality affordable housing within a 20-minute drive of the employment center.
  21. 21. The Missing MiddleEXPLORING THE US'S HOUSING CRISIS Thank you.

×