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FACTORS AFFECTING
HOUSING AFFORDABILITY
AUGUST, 2013
Terry Mitchell
600 Units
300 Park Acres
Housing
pushed
Outward
Majority of New Home Ownership
Growth is occurring outside the urban core.
75-Mile No.-So.
Metro Area
30% of All Metro Jobs
located in 4 urban zip
codes – 01,03,04,05
92% of 230k jobs
In urban core...
Housing + Transportation Affordability Index – Austin Metro
http://htaindex.cnt.org/map/
How does Austin Stack Up?
8 Red Line
Stations
to Downtown
What Happens When Housing is Placed at TODs?
Though hard to measure, TOD residents
clearly reduce vehicle trips and use
the rail line.
“Reasons for Living in A Transit...
Eight train stations to Downtown.
If each TOD could house 2,000
Housing units, the Red Line could
have 16,000 units housin...
Other Benefits and Requirements of Living in TODs:
• By living at a TOD, a resident might be able to eliminate a car. Annu...
Other Ways to Look at Housing Issues
• If we are putting most of our reasonably-
priced housing in the outlying areas of t...
Density Helps Affordability
What will Austin look like in 10 years?
• 580,000 new residents . . . At 2.6 people per
housing unit, means 223,077 new ho...
Suburban Density of 3 Units/Acre
• At a suburban density of 3 units per acre, we
will need 74,359 acres of land to house j...
Townhome Density of 10 Units/Acre
• At a townhome density of 10 units per acre,
we will need 22,308 acres of land to house...
Downtown Density of 200 Units/Acre
At a downtown density of 200 units
per acre, we will need 1,115 acres
of land to house ...
What Differing Densities Look Like
2500 Miles
700 Miles
40 Miles
How Austin Grows Affects Our City:
– Costs of Long-Term Maintenance of Streets and Utilities...
Consumption of
Open Space
Consumption of Natural Resources
Tax basis per acre . . . Hurting City Finances
Thank You!
2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability
2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability
2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability
2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability
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2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability

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Housing locations to Job locations create transportation issues; affordability affected by density; low density greatly increases government obligations; sustainability enhanced by denser projects

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2013.08.08 DRAFT Discussion of Linkages between Austin Housing Affordability, Transportation and Sustatinability

  1. 1. FACTORS AFFECTING HOUSING AFFORDABILITY AUGUST, 2013 Terry Mitchell
  2. 2. 600 Units 300 Park Acres
  3. 3. Housing pushed Outward Majority of New Home Ownership Growth is occurring outside the urban core.
  4. 4. 75-Mile No.-So. Metro Area 30% of All Metro Jobs located in 4 urban zip codes – 01,03,04,05 92% of 230k jobs In urban core live outside 4 urban zip codes. 44% of 01 workers earn less than $20 per hour.
  5. 5. Housing + Transportation Affordability Index – Austin Metro http://htaindex.cnt.org/map/
  6. 6. How does Austin Stack Up?
  7. 7. 8 Red Line Stations to Downtown
  8. 8. What Happens When Housing is Placed at TODs?
  9. 9. Though hard to measure, TOD residents clearly reduce vehicle trips and use the rail line. “Reasons for Living in A Transit-Oriented Development, and Associated Transit Use.” by Hollie Lund
  10. 10. Eight train stations to Downtown. If each TOD could house 2,000 Housing units, the Red Line could have 16,000 units housing between 24,000 to 32,000 residents. Could we guess that around 50% of the residents would ride the train? If so, then between 12,000 and 16,000 residents would ride the train. As such, between 24,000 and 32,000 auto trips per day will be avoided – the equivalent of an arterial road.
  11. 11. Other Benefits and Requirements of Living in TODs: • By living at a TOD, a resident might be able to eliminate a car. Annual Savings to $8,000 per year. • Creating a Vision of a “complete” community, TODs often become de facto town centers for neighborhoods near the transit station. A “complete” community evolves and includes housing, neighborhood services, public spaces, a broad variety of uses and activities. • In addition to the direct benefits of housing located at a TOD, many metro areas intentionally locate jobs at opposite ends of the transit line to utilize both directions of the rail line.
  12. 12. Other Ways to Look at Housing Issues • If we are putting most of our reasonably- priced housing in the outlying areas of the Austin SMA, what do we do? • There are three ways to lower the cost of housing: – Cheapen the product (can have implications) – Increase the density – Make the units smaller
  13. 13. Density Helps Affordability
  14. 14. What will Austin look like in 10 years? • 580,000 new residents . . . At 2.6 people per housing unit, means 223,077 new housing units will be needed . . .
  15. 15. Suburban Density of 3 Units/Acre • At a suburban density of 3 units per acre, we will need 74,359 acres of land to house just our population growth over the next 10 years. • . . . or 116 square miles. . . .
  16. 16. Townhome Density of 10 Units/Acre • At a townhome density of 10 units per acre, we will need 22,308 acres of land to house just our population growth over the next 10 years. • . . . Or 35 square miles. . . .
  17. 17. Downtown Density of 200 Units/Acre At a downtown density of 200 units per acre, we will need 1,115 acres of land to house just our population growth over the next 10 years. . . . Or 1.7 square miles. . . .
  18. 18. What Differing Densities Look Like
  19. 19. 2500 Miles 700 Miles 40 Miles How Austin Grows Affects Our City: – Costs of Long-Term Maintenance of Streets and Utilities – The Number of Police Stations, Fire Stations, Libraries – The Types and Alternatives for Transportation – The Consumption of Our Open Space – The Use of our Natural Resources So, just maybe, it is a good idea to add density? Approximate Lengths of Roads/Utilities Associated with Austin’s Expected 10-Year Growth at Suburban, Townhome and Urban Densities
  20. 20. Consumption of Open Space Consumption of Natural Resources Tax basis per acre . . . Hurting City Finances
  21. 21. Thank You!

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