It is time to move forward on affordable housing in New York, an update from LiveOn NY. For older adults, the lack of availability and affordable housing is a worsening crisis. Solutions recommended include production, preservation, and regulation. By retooling existing programs and additional investment in select programs, the City can serve at least 100,000 seniors, laying the groundwork to meet the housing needs of NYC’s growing elderly population.
Latest brochure from Orient Management Group marketing an interesting opportunity in fixed rate bonds, contact us to find out more:
http://www.orient-management.com/contact.php
It is time to move forward on affordable housing in New York, an update from LiveOn NY. For older adults, the lack of availability and affordable housing is a worsening crisis. Solutions recommended include production, preservation, and regulation. By retooling existing programs and additional investment in select programs, the City can serve at least 100,000 seniors, laying the groundwork to meet the housing needs of NYC’s growing elderly population.
Latest brochure from Orient Management Group marketing an interesting opportunity in fixed rate bonds, contact us to find out more:
http://www.orient-management.com/contact.php
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
Allowing Treasury to create Tax Credits to pay for land, then allowing negotiation of a land fee which is less than what the landowner is paying now to banks and on rates, will gradually take land out of the market place, cool the Auckland housing bubble and bring jobs back to the provinces
Spatial Justice and the Irish Crisis: Population and Settlement - Rob KitchinThe Royal Irish Academy
Royal Irish Academy Conference: Spatial Justice and the Irish Crisis
23 April, 2013, Academy House
The on-going crisis and associated responses to it (political, governance, popular etc.) provides an entry point for a wide-ranging exploration of spatial justice as a theoretical construct and a departure point for empirical analysis. Discourses of justice, equality and fairness remain central to a range of interconnected debates as Ireland seeks to recover from the interrelated collapses of the banking system and property markets and the knock on effects through the rest of society and the economy. Scale is an important dimension in framing and constructing popular discourses concerning issues of justice, e.g. the role of EU institutions in shaping Ireland’s treatment of banking debt or the impact of national budgetary measures on particular places. The focus of this conference is on understanding these spatially connected processes, how they are functioning at different scales, their impact on particular or specific places and spaces, as they give rise to new or evolving social and economic geographies.
On January 16, 2014, ULI’s Terwilliger Center for Housing, in partnership with the American Planning Association and the National Multifamily Housing Council, held the first annual ULI/Carolyn and Preston Butcher Forum on Multifamily Housing. Attended by 50 industry leaders, the event provided a forum to discuss the changing multifamily residential landscape and led to the development of a series of “big ideas” for expanding the availability of rental housing nationwide. The ten principles presented here are a summary of the ideas framed at this event.
This presentation was developed by Michelle McDonough Winters, Senior Visiting Fellow for Housing at the ULI Terwilliger Center. Special thanks to Doug Bibby and Mark Obrinsky at the National Multifamily Housing Council, who provided feedback on the development of the ten principles and assisted with some content of the presentation.
NBNPHA 2013 CONFERENCE
“Affordable Housing – Planning for the Next Generation”
Mike O’Brien, Fredericton City Councillor
Chair, Affordable Housing Committee
Like other prosperous American cities, greater Seattle currently finds itself in the unenviable position of possessing both enormous amounts of wealth and staggering levels of homelessness. These slides accompany the McKinsey & Company report that looks at homelessness in King County, published in January 2020.
A New Housing Policy: Imagine the PossibilitiesKim Duty
The U.S. is on the cusp of a fundamental change in our housing dynamics as changing demographics and changing housing preferences drive more people away from the typical suburban house and toward the type of housing that rental housing offers.
This presentation is a powerful advocacy tool that uses key facts and figures to make four key points:
1. America wants rental housing.
2. America needs rental housing.
3. Renters—be they affordable renters or lifestyle renters—are not second-class citizens.
4. There is a growing disconnect between America's housing needs and its current housing policy.
Presented at the 2018 Orange County Lender and Investors Forum hosted by the Kennedy Commission. California Department of Housing and Community Development's Director, Ben Metcalf, presented the most recent information on funding and programs for affordable housing and community development.
For more information on how to get involved and advocate for affordable housing and addressing homelessness issues visit www.kennedycommission.org
A visit by key Silicon Valley business and community leaders to another of North America’s great cities, this annual program helps regional leaders to learn to best practices and bring back ideas to make our home an even better place to live and work.
In 2017, the Study Mission got a new look and feel as - Destination: Silicon Valley, on Nov. 1-3 in Monterey, Calif.
The delegates had the opportunity to hear presentations from speakers/panelists on seven key regional topics:
Housing
Transportation
Downtown San Jose
International Competitiveness
Emerging Technologies
Advanced Manufacturing
Regional Branding
Produced by a partnership between real estate organizations and environmentalists, uses compelling visuals that show how compact development can create vibrant neighborhoods. And it shows how everyone can personally benefit from higher-density development—even those who live in single-family houses nearby.
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
Allowing Treasury to create Tax Credits to pay for land, then allowing negotiation of a land fee which is less than what the landowner is paying now to banks and on rates, will gradually take land out of the market place, cool the Auckland housing bubble and bring jobs back to the provinces
Spatial Justice and the Irish Crisis: Population and Settlement - Rob KitchinThe Royal Irish Academy
Royal Irish Academy Conference: Spatial Justice and the Irish Crisis
23 April, 2013, Academy House
The on-going crisis and associated responses to it (political, governance, popular etc.) provides an entry point for a wide-ranging exploration of spatial justice as a theoretical construct and a departure point for empirical analysis. Discourses of justice, equality and fairness remain central to a range of interconnected debates as Ireland seeks to recover from the interrelated collapses of the banking system and property markets and the knock on effects through the rest of society and the economy. Scale is an important dimension in framing and constructing popular discourses concerning issues of justice, e.g. the role of EU institutions in shaping Ireland’s treatment of banking debt or the impact of national budgetary measures on particular places. The focus of this conference is on understanding these spatially connected processes, how they are functioning at different scales, their impact on particular or specific places and spaces, as they give rise to new or evolving social and economic geographies.
On January 16, 2014, ULI’s Terwilliger Center for Housing, in partnership with the American Planning Association and the National Multifamily Housing Council, held the first annual ULI/Carolyn and Preston Butcher Forum on Multifamily Housing. Attended by 50 industry leaders, the event provided a forum to discuss the changing multifamily residential landscape and led to the development of a series of “big ideas” for expanding the availability of rental housing nationwide. The ten principles presented here are a summary of the ideas framed at this event.
This presentation was developed by Michelle McDonough Winters, Senior Visiting Fellow for Housing at the ULI Terwilliger Center. Special thanks to Doug Bibby and Mark Obrinsky at the National Multifamily Housing Council, who provided feedback on the development of the ten principles and assisted with some content of the presentation.
NBNPHA 2013 CONFERENCE
“Affordable Housing – Planning for the Next Generation”
Mike O’Brien, Fredericton City Councillor
Chair, Affordable Housing Committee
Like other prosperous American cities, greater Seattle currently finds itself in the unenviable position of possessing both enormous amounts of wealth and staggering levels of homelessness. These slides accompany the McKinsey & Company report that looks at homelessness in King County, published in January 2020.
A New Housing Policy: Imagine the PossibilitiesKim Duty
The U.S. is on the cusp of a fundamental change in our housing dynamics as changing demographics and changing housing preferences drive more people away from the typical suburban house and toward the type of housing that rental housing offers.
This presentation is a powerful advocacy tool that uses key facts and figures to make four key points:
1. America wants rental housing.
2. America needs rental housing.
3. Renters—be they affordable renters or lifestyle renters—are not second-class citizens.
4. There is a growing disconnect between America's housing needs and its current housing policy.
Presented at the 2018 Orange County Lender and Investors Forum hosted by the Kennedy Commission. California Department of Housing and Community Development's Director, Ben Metcalf, presented the most recent information on funding and programs for affordable housing and community development.
For more information on how to get involved and advocate for affordable housing and addressing homelessness issues visit www.kennedycommission.org
A visit by key Silicon Valley business and community leaders to another of North America’s great cities, this annual program helps regional leaders to learn to best practices and bring back ideas to make our home an even better place to live and work.
In 2017, the Study Mission got a new look and feel as - Destination: Silicon Valley, on Nov. 1-3 in Monterey, Calif.
The delegates had the opportunity to hear presentations from speakers/panelists on seven key regional topics:
Housing
Transportation
Downtown San Jose
International Competitiveness
Emerging Technologies
Advanced Manufacturing
Regional Branding
Produced by a partnership between real estate organizations and environmentalists, uses compelling visuals that show how compact development can create vibrant neighborhoods. And it shows how everyone can personally benefit from higher-density development—even those who live in single-family houses nearby.
Housing and the Economy: Impacts and Forecasts - presented by Dr. Geoffrey J.D. Hewings, Director - Regional Economics Applications Laboratory (REAL), University of Illinois Institute of Government and Public Affairs
Residential Housing Market Outlook - NAR's Chief Economist Lawrence YunWRAR
Housing Market Outlook
Lawrence Yun, Ph.D.
Chief Economist
NATIONAL ASSOCIATION OF REALTORS®
Presentation at NAR Midyear Legislative Meetings
Washington, D.C.
May 12, 2011
According to ich.dc.gov:
Homeward DC, the ICH Strategic Plan (2015 - 2020), lays out a bold vision:
Together, we will end long-term homelessness in the District of Columbia. By 2020, homelessness in the District will be a rare, brief, and non-recurring experience.
The plan is built on three major goals:
--Finish the job of ending homelessness among Veterans by the end of 2015;
--End chronic homelessness among individuals and families by the end of 2017; and
--By 2020, any household experiencing housing loss will be rehoused within an average of 60 days or less.
The plan identifies a series of action items across five key strategies. The five key strategies are:
--Develop a more effective crisis response system;
--Increase the supply of affordable and supportive housing;
--Remove barriers to affordable and supportive housing;
--Increase the economic security of households in our system; and
--Increase prevention efforts to stabilize households before housing loss occurs.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
Affordable Housing: Have We Made a Dent?
1. Affordable Housing
Have we made a dent?
Presented by
Heidi Aggeler, Managing Director
BBC Research & Consulting
December 4, 2015
2.
3. What is
affordable
housing?
Federal definition of affordability:
1). Housing costs are “affordable” if
they do not exceed 30% of
household’s gross monthly income
2).“Costs” include basic utilities,
mortgage insurance, HOA fees and
property taxes
Households paying >30% for
housing are “cost burdened”
>30%
>50%
Households paying >50% for housing
are “severely cost burdened”
4. Evolution of Affordable Housing
Policies and Programs
1934
1937
Public
Housing
1938
Federal
National
Mortgage
Association
National Housing
Act and Federal
Housing
Administration
1949
Urban Renewal
1965
HUD
1968
Fair Housing Act
1974
Section 8
1974
Community
Development
Block Grant
1986
Low Income
Housing Tax
Credit
1987
McKinney
Homeless Act
1990
Housing
Investment
Partnerships
Program
1992
Housing
Opportunities
for Persons with
AIDS
2008
Neighborhood
Stabilization
Program
2009
American
Recovery and
Reinvestment
Act
2010
Dodd-Frank
Consumer
Financial Reform
2013
Disparate
Impact Rule
5. Primary Programs
Rental Programs Homeownership Programs
Provide direct subsidies to renters:
Housing choice voucher/Section 8
Other types of tenant based rental
assistance (TBRA)
Create affordable rental housing:
Low Income HousingTax Credit (LIHTC)
Home Investment Partnerships
Private activity (tax exempt) bonds
Local revenue streams
Provide direct subsidies to owners:
Home mortgage interest tax deduction
Federally subsidized mortgage insurance
Downpayment/low interest rate
purchase assistance
Create affordable ownership housing:
Inclusionary zoning
Home Investment Partnership
Private activity (tax exempt) bonds
Local revenue streams
6. 80-85%
Rental Units
95-98%
Homes
It is critical that the private sector is part of
affordable housing strategiesRole of
the Private
Sector in
Providing
Housing
7. Eligibility levels usually based on
Median Family Income (MFI)
$79,900
$99,400
MFI for a family of 4
(Denver-Aurora-Broomfield)
Who is
Eligible for
Affordable
Housing
Programs?
MFI for a family of 4
(Boulder)
8. Income Thresholds & Target Housing
< 30% MFI
“extremely” low income
=< $24,000 per year, poverty level
30-50% MFI
“very” low income
$24,000-$40,000 per year
50-80% MFI
“low” income
$40,000-$65,000 per year
80-120% MFI
“median” to “moderate” income
$65,000-$95,000 per year
Public housing, Section 8, tenant-based rental
assistance, transitional housing, other deeply
subsidized rentals.
Public housing, Section 8, rental tax credit
developments, other rental products. Shared
equity and land trust for homeownership.
Generally live in privately provided rental
housing. Ownership with shared equity, land
trust, other deed-restricted products,
attached homes, homes in affordable areas.
Privately provided rental housing. General
target for homeownership programs, can buy
without assistance in affordable areas.
9. 1). Physical development of housing lags
behind the factors that create
demand (direct assistance more
flexible)
2.) Inconsistent philosophies if/how the
government should address housing
needs and poverty
3). Housing initiatives often driven by
other policy goals
4). Housing is very dynamic, closely tied
to many aspects of the economy:
interest rates, tax incentives, returns on
capital, employment levels, demographic
shifts, in-migration
Why do
we have
affordable
housing
needs?
12. Number of New Residents by
Decade (Denver Region)
230,798
576,378
377,081
1980s
1990s
2000s
1,184,257
new residents
Total
+
+
+
13. Why do we gain or lose residents?
Because of net migration
-40,000
-20,000
0
20,000
40,000
60,000
80,000
Natural Increase
Net Migration
Creates challenges in addressing needs because needs,
characteristics and preferences of in-migrants are unknown
15. Changes inValues v. Incomes
Nationally, largest price jumps occurred in the 1970s and 1990s (rents only)
Regionally, price jumps occurred in the late 1990s
The “purchasing power” of renters has declined more than that of owners
United States 1970 1980 1990 2000 2014
1990-2014
Change
Median HomeValue $17,100 $51,300 $79,831 $123,887 $160,000 100%
Median Owner Income $9,700 $19,800 $35,589 $50,505 $60,000 69%
Median Rent $108 $241 $256 $646 $850 232%
Median Renter Income $6,300 $10,500 $20,295 $26,848 $30,000 48%
Denver Region 1990 2000 2014
1990-2014
Change
Median HomeValue $86,800 $189,000 $259,000 198%
Median Rent $429 $750 $1,124 162%
16. Homeownership Affordability
Recent increase in home prices is steeper than in the past
Percent who can buy median-priced homes on downward trend since 2012
$0
$100
$200
$300
$400
Q1
91
Q1
92
Q1
93
Q1
94
Q1
95
Q1
96
Q1
97
Q1
98
Q1
99
Q1
00
Q1
01
Q1
02
Q3
04
Q3
05
Q3
06
Q3
07
Q3
08
Q3
09
Q3
10
Q3
11
Q3
12
Q3
13
Q3
14
($inthousands)
Median Price
0%
20%
40%
60%
80%
100%
Q1
91
Q1
92
Q1
93
Q1
94
Q1
95
Q1
96
Q1
97
Q1
98
Q1
99
Q1
00
Q1
01
Q1
02
Q3
04
Q3
05
Q3
06
Q3
07
Q3
08
Q3
09
Q3
10
Q3
11
Q3
12
Q3
13
Q3
14
Percent of Buyers who can Afford Median Home
17. How Denver Region Ranks in
Home Purchase Affordability
0
50
100
150
200
Q1
91
Q1
92
Q1
93
Q1
94
Q1
95
Q1
96
Q1
97
Q1
98
Q1
99
Q1
00
Q1
01
Q1
02
Q3
04
Q3
05
Q3
06
Q3
07
Q3
08
Q3
09
Q3
10
Q3
11
Q3
12
Q3
13
Q3
14
National Rank, 2015
Regional Rank, 2015
Denver has never made “least” or “most” list produced by the National
Association of Home Builders (NAHB)
Note: Lower numbers indicate
higher levels of affordability
18. Homeownership Affordability
Indicators are Confused by…
Influx of higher income (>$100,000) buyers into region
Low interest rates
‒ Played a bigger factor in keeping homes affordable than any other
single policy
23% v. 40%nowin 1999
20. Rental Affordability
89,000
renters earning
<$20,000
(28% of all renters)
1999 Now
110,000
renters earning
<$20,000
(26% of all renters)
57,000
units affordable to renters
earning <$20,000
(18% of all units)
26,000
units affordable to renters
earning <$20,000
(7% of all units)
21.
22. We are Growing Quickly, Again
480,718
618,821
313,333
62,138
663,862
314,638
558,503
Adams County
Arapahoe County
Boulder County
Broomfield County
Denver County
Douglas County
Jefferson County
Population, 2014
3 million peopleTotal
23. -4,000
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
0 10 20 30 40 50 60 70 80
Age inYears
Growth Today is
Different from
1990–2000
Slower in pace
Similar in numbers
Different in housing preferences
Huge migration of
24-35 year olds
(their housing decisions will
heavily influence growth)
Net Migration by Age, Denver Region, 2000-2010
24. Deeply Affordable Rental Housing
Remains Concentrated in Denver
Units Affordable at <$25,000/year Units Affordable at <$50,000/year
Broomfield
1%
Douglas
1%
Boulder
6%
Jefferson
12%
Adams
13%
Arapahoe
16%
Denver
49%
Broomfield
1%
Douglas
3%
Boulder
10%
Adams
13%
Jefferson
16%
Arapahoe
21%
Denver
35%
25. Denver is also the 2nd worst city behind NewYork
for the percentage of low income households living in low income areas
AND has the 3rd largest increase in segregation between 1980 and 2010
Top Income Segregated Cities in the Nation
We areVery Income
Segregated
Lower is better!
Residential Income
Segregation Index
(RISI) = 55 in 2010
v. 34 in 1980
NewYork City
San Antonio
Philadelphia
Denver
1st
2nd
3rd
4th
26. Homeownership Less Affordable
Out of 68 metro areas, Denver is the 34th most affordable region in the
Western U.S. for home purchases v. Portland (41st), Santa Fe (43rd), and San
Francisco (68th)
61% of homes affordable to median income buyer in 2015
60% in 1990
64% today
25% in 1990
31% today
Homeownership Cost Burden
31%
27. 20,000 more poor renters than in 1999 v. 50,000 more rich renters
(earning <$75,000)
New development priced to accommodate new high
income renters. Low rent units moved up to accommodate
middle income renters.
54% of renters today are cost burdened v. 39% in 1999
Shortage of 84,000 units renting at <$500/month
The region lacks reliable, effective means to address low income renters’
needs
City of Denver still disproportionate provider of region’s rentals, but:
‒ Now has some of the highest rents
‒ Lack of larger units + rising rents = families seeking units in
suburbs, where rental development remains very minimal.
Critical Needs: Low Income
Renters
54%
28. Low Income Renters
Grown dramatically in numbers
Number experiencing cost burden much higher
Few resources to address—no federal budget increases, few local solutions
Growth in suburban poverty has not been met with housing alternatives
Would-be Owners
Benefitted from historically low interest rates
Lack of homes to buy in desirable areas, close to work a major challenge
Current Owners
Region still affordable if coming from manyWestern metro areas
Long time residents have trouble “buying their home now”
Lack of diverse product types to accommodate aging residents
Transit, availability of services in suburban areas a challenge in future
SUMMARY: Have We Made a Dent?
29.
30. Two largest age cohorts with economic power—
Millennials and Baby Boomers—will determine
housing demand
Short Term
Millennials
will start
families
and move
to…?
Their
parents
may
relocate
to…?
31. Long Term
Increase of 1.22 million people by 2040 to 4 million
276,000Adams
County
277,000Arapahoe
County
192,000
Douglas County
256,000
Denver County 85% of
growth
will occur
in these 4
counties
More seniors
33. Long Term Services
We will also need expanded social services and transit for:
Population of residents with disabilities, increase of 250,000
Persons living in poverty, increase of 140,000
Seniors, the vast majority of whom will age in place. Suburban
counties will age the fastest.
1 in 5
(or 800,000)
1 in 10
now
residents will be seniors v.
34. Equalize the geographic distribution of
amenities Millennials and in-migrants
demand
Distribute a variety of housing products
to accommodate workers closer to
areas of employment. Focus on micro-
economies within region.
Continue to expand transit options
Reduce economic inequality
How Can We Grow Smarter?
$ / ¢