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Susan, Almy, NH LegislatureShawn Bard, Ledyard National Bank
Sarah Currier, Dartmouth-Hitchcock Medical CenterDon Derrick, UV Habitat for Humanity
Dennis Driscoll, Lake Sunapee BankAnne Duncan Cooley, UV Housing Coalition
Jonathan Edwards, UV Lake Sunapee Regional Planning CommissionChris Gilman, Service Credit Union
Sam Greene, Real Property AppraiserLynne LaBombard, Housing Solutions Real Estate
Terry Martin, Mascoma Savings BankLoralee Morrow, Two Rivers Ottauquechee Regional Planning Commission
Douwe Wieberdink, Dartmouth College
Who Are We …
2010 2011 2012 2013 2014 20150
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marchjuneseptdec
Available Rental Units in ‘inner’ Upper Valley10,000 Rental Units in the Upper Valley
Rental Data Compiled by the Upper Valley Housing Coalition
“Housing availability and affordability for all residents
are critical components of the overall quality of life and economic stability for
communities in the Upper Valley.”
As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;
1st QTR 2nd QTR 3RD QTR 4TH QTR
Studio – 1 Bedroom units20142015
952916
884954
924 859
2 Bedroom units20142015
13601295
12831315
1271 1273
3 Bedroom units20142015
17751785
18572058
1693 1488
4+ Bedroom units20142015
22552926
20202426
2052 2005
Average Rental Rates in ‘inner’ Upper Valley10,000 Rental Units in the Upper Valley
(Rental Data Compiled by the Upper Valley Housing Coalition)
1st QTR 2nd QTR 3RD QTR 4TH QTR UVHCResidentialRental CostAverage UV
NHHFA ResidentialRental Cost Survey NH
Studio – 1 BR
20142015
952916
884954
924 859 905 ( 5%)935 (5%)
862892
2 BR units
20142015
13601295
12831315
1271 1273 1297 (15%)1305 (13%)
11081157
3 BR units
20142015
17751785
18572058
1693 1488 1703 (23%)1921 (32%)
13071310
4+ BR units
20142015
22552926
20202426
2052 2005 2083 (23%)2676 (41%)
16001587
PROFILE OF A YOUNG PROFESSIONAL
undergraduate or graduate schoolschool loan averages $80,000 - 90,000 upwards to $250,000
leaned to live lean in college have little or no credit card debtmay have a car loan payment
average annual income of $50,000 $4166.67 monthly
25% for housing = $1041.6630% for housing = $1250.00
Total Debt Rule is 43% = $1791.66
FICO of >740
30% of GMI = $1250/mo
Minus: $150 for school loan, $300 for car loan, $200 for property tax, $100 for insurances totals $750/moleaving $500/mo to carry a+/- $100,000 loan
43% of GMI = $1792
Minus $750/mo Leaves $1042/mo to carry a+/- $215,000 loan