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Southwest Florida Regional Housing Needs Assessment and Strategic Document
BRIDGING THE GAP
Presentation Outline
What is the Community Housing Subcommittee?
Goals of the Community Housing Subcommittee
How did we get here? Solutions at the community level
What Is The Community Housing Subcommittee?
A collaboration of Regional and Local government along with interested resource parties created In February of 2005
Serves the community and region by helping people access affordable housing resources
A catalyst for the development of affordable housing programs and opportunities for very low, low, and moderate income families of Southwest Florida
Goals of the Community Housing Subcommittee
Draft legislation that requires affordable housing be classified as infrastructure in the Growth Management Plans and meets measurable outcomes;
Provide resource persons for outreach to local government;
Host regional meetings to assess and discuss affordable housing in the region;
Catalogue success stories and share ideas on how to address the affordable housing need;
Goals of the Community Housing Subcommittee
Promote new methodologies that measure the regional supply and demand for affordable housing, particularly related to DRI;
Serve as a repository of information on affordable housing; and
Collaborate with local housing staff, elected officials and the Legislature to formulate new housing polices and recommendations.
What is Affordable Housing?
A variety of housing options for very low, low, and moderate income families
Typically a housing unit is considered affordable if it costs no more than 30% of the family’s monthly income
Examples include….
Rental Apartments
Condominiums
Single Family Homes
How Did We Get Here?
The Evolution of the Housing Shortage
Increase in Housing Costs &Household Income
0%10%20%30%40%50%60%
Household Income Housing Costs
Affordability Gap Developed Housing cost increase dramatically Wages remain fairly constant
The Cost of Housing
Sharp increases during 2004 in home prices and lack of growth in household incomes, making houses less affordable
Despite the continuous increase of permit activity in the past several years, affordably priced housing continues to decline
The Cost of Housing
High construction and land costs Increasingly complicated and expensive
regulatory environment Impact Fees Rising cost of services and infrastructure
What Does Affordable Mean
Sarasota (MSA) Median Family Income-$55,900– Affordable Home Price-$198,999– Median Home Price-$347,400
Collier (MSA) Median Family Income– Affordable-$225,343– Median Home Price- $500,800
The Cost of Housing
Average home prices in the region reach new highs in 2005
– Naples MSA - $491,400– Fort Myers – Cape Coral - $281,000 – Punta Gorda - $216,500– Sarasota - $336,800
Between 2004 and 2005, average home prices increased by approximately 32 percent across the Region
Who is affected by the housing shortage?
Why is Workforce Housing Needed?
Housing’s Connection to the Economy
Attracts/Retains Businesses
Attracts/Retains Workers
A Strong & Diverse Housing
InfrastructureIncreases
Spending in Community
Housing’s Connection to Quality of Life
A good jobs-housing balance is an important strategy for…
– decreasing commuting time and highway impacts– reducing pollution– increasing citizens’ connection to their community
Diverse neighborhoods make for healthy communities
Achieving an increase in affordable housing requires:
Increased educational outreach Community acceptance Partnerships with financial institutions, non-
profits, builders and government Promotion of “best practices”
Smart Growth development practices Legislative Regulatory
Does the Comprehensive
Plan…
Specifically refer to affordable, workforce housing as a priority?
Laying the groundwork for regulatory strategies
Zoning and land use regulations influence:
Patterns of development Lot Sizes Density Street right of way and Pavement width reductions Parking space allotment
Type and size of housing product Setbacks and Footprint restrictions
Mixture of uses allowed Conventional Zoning Districts PUD’s Accessory Apartments
Zoning and land use regulations influence:
Developer costs Permit Fees Impact Fees
Permit by Right Administrative Approvals Vs. Public Hearing Take the Politics out of it!
Other ways for municipalities to increase affordable housing opportunities
Resale restrictions Inclusionary zoning Streamline permitting/review process Encourage non-profit housing developers Donate municipally-owned land Create a Housing Trust Fund
Innovative Solutions in Other States
Regional Infrastructure Fees Linkage Fees Inclusionary Housing Historic Preservation Tax Credit Redevelopment Programs Density Bonus Urban Growth Boundaries
Innovative Solutions in Other States
Market-Based Responses: Housing Trust Funds Employer Housing Partnership
Property-Based Responses: Resale Restrictions Equity Sharing for longer term tenants
What’s the Downside?
Decline in the Quality of Life Out Migration
Residents Companies/Employers
Loss of diversity Loss of job growth Increase in homelessness and social service
needs Impacts Road Capacities
Questions?
……and thank you!and thank you!
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