SLIDE 1
Af Afforda
- rdable
ble Housi Housing g Initiati Initiative
City Council Policy June 16, 2020
IDENTIFY:
Housing Need Gap Analysis Future Development Sites Policy Recommendations
GO GOAL ALS
2
Af Afforda ordable ble Housi Housing g Initiati Initiative - - PowerPoint PPT Presentation
Af Afforda ordable ble Housi Housing g Initiati Initiative - - PowerPoint PPT Presentation
Af Afforda ordable ble Housi Housing g Initiati Initiative City Council Policy June 16, 2020 GOAL GO ALS IDENTIFY: Housing Need Gap Analysis Future Development Sites Policy Recommendations 2 HOUSING PRODUCTION AND
SLIDE 2
SLIDE 3
3
Number of Units Population Growth
50,000 100,000 150,000 200,000 250,000 300,000 350,000
1990 to 1999 2000 to 2009 2010 to 2018
HOUSING PRODUCTION AND POPULATION GROWTH
SLIDE 4
4
10% 28% 57% INCOME RENT PRICE HOME PRICE COST RISING FASTER THAN INCOME
4
SLIDE 5
5
Extremely Low to Low Low to Moderate Moderate to High
46% 19% 35%
CITY OF PHOENIX INCOME LEVELS
SLIDE 6
6
SLIDE 7
7
94% 81% 46% 16% 2%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Extremely Low Very Low Low Income Moderate High Income
INCOME RANGES - PERCENT OF COST BURDEN
SLIDE 8
8
Household Type
Retiree on Fixed Income Service Industry Worker Single Parent with Two Children Family of 4 People
Number in Household
1 1 3 4
Estimated Household Income
$15,000 $26,000 $53,000 $73,000
% of Area Median Income (At or Below)
30% 50% 80% 100%
Max Rent They Can Afford
$375 $650 $1,325 $1,825
Average Rent Max Home Price
$49,000 $65,000 $171,000 $250,000
Median Home Price
$1,100 $248,000
SLIDE 9
9
- 9,000 Seniors
- 5,000 Veteran
- 9,000 Persons with
Disabilities
- 1,451 Persons
Experiencing Homelessness
SLIDE 10
Neighborhood Demographics
- Housing and Health
- Disparate Impact
10
SLIDE 11
Housing Cost Burden
11
SLIDE 12
Concentration of Population
12
Greater than 83% Minority
12
SLIDE 13
Redlining in Phoenix
13
Identified as too risky for lending
13
SLIDE 14
Housing Options
- Housing Need – 163,000
- Single Family Homes – 31,000 Acres
- Current Vacant Land – 24,000 Acres
- Innovative and Aggressive Initiatives
14
SLIDE 15
15
SLIDE 16
- 1. Prioritize New Housing in Areas of Opportunity
- 2. Amend Current Zoning Ordinances
- 3. Redevelop City-Owned Land
- 4. Enhance Public-Private Partnerships and Increase Funding
- 5. Building Innovations and Cost Saving Practices
- 6. Increase Affordable Housing Developer Representation
- 7. Expand Efforts to Preserve Existing Housing Stock
- 8. Support Affordable Housing Legislation
- 9. Education Campaign
Policy Initiatives:
16
SLIDE 17
- 1. Prioritize New Housing
in Areas of Opportunity:
Develop Scoring Criteria Communicate Benefit
Lofts at McKinley, Gorman 17
SLIDE 18
- 2. Amend Current
Zoning Ordinances to Facilitate Housing Options:
Zoning Ordinance Amendments
- Affordable Housing Incentives
- Accessory Dwelling Units
Expand Walkable Urban Code
Aeroterra, City of Phoenix 18
SLIDE 19
- 3. Redevelop City Owned
Land with Mixed-Income Housing:
Redevelop City Owned Land Co-locate Uses
Rosewood Court II, Newport Partners 19
SLIDE 20
- 4. Enhance Public-
Private Partnerships and Increase Funding Options:
Create Taskforce
Developers, lenders, community leaders, architects and other community stakeholders.
Develop Alternate Financing
20
Urban Living on Fillmore, Native American Connections
Urban Living on Fillmore, Native American Connections
SLIDE 21
- 5. Building Innovations
and Cost Saving Practices:
Development Team
Assignment
Advocate Reduced Fees Infrastructure Fund On-going Research
19 West, UMOM 21
SLIDE 22
- 6. Increase Affordable
Housing Developer Representation:
- Development Advisory Board
- Village Planning Committees
- Planning Commission
- Bond Committee
Saguaro Ki and Encanto Pointe, Native American Connections 22
SLIDE 23
- 7. Expand Efforts to
Preserve Existing Housing Stock:
Land Banking Community Land Trust Landlord Incentives Expand Rental Rehab
Program
23
Urban Living on Fillmore, Native American Connections
SLIDE 24
- 8. Support Effective
Affordable Housing Legislation:
Federal or State Legislation Increase State Housing Trust Fund State Low Income Housing Tax Credit
24
Matthew Henson, City of Phoenix and McCormack Baron Salazar
SLIDE 25
- 9. Education Campaign:
Create Marketing Materials
Debunk Myths Positive Reframing
Ongoing Education
25
Section 32 Homeowners
SLIDE 26
Housing Department Recommends Council Approval of the Affordable Housing Initiatives included in the Housing Phoenix Plan
RECOMME MMENDATI TION
Monroe Gardens, City of Phoenix and Gorman
26