www.b .burlingto urlingtonvt vt.go .gov/ v/ma mayor yor/burl - - PowerPoint PPT Presentation
www.b .burlingto urlingtonvt vt.go .gov/ v/ma mayor yor/burl rlingtonho ingtonhousin usings gsumm mmit2 t2019 019 Over the last seven years, the City and partners have tackled the housing crisis with a two-pronged strategy. Ribbon
www.b .burlingto urlingtonvt vt.go .gov/ v/ma mayor yor/burl rlingtonho ingtonhousin usings gsumm mmit2 t2019 019
Laurentide Apartments at Cambrian Rise
Images via HP Cummings and Champlain Housing Trust
Over the last seven years, the City and partners have tackled the housing crisis with a two-pronged strategy.
Ribbon cutting for the Bright Street Housing Cooperative.
and municipa icipal resour urce ces s to suppo port rt new low- and moderate ate-inco income me housing sing creatio tion, n, assist sist those se ineligi igible le for subsidy bsidy
ider r land use reforms ms to address ss regulator atory y barriers rs and disin sincent centives ives to housing sing product uction ion
ue strateg ategies ies for housing sing college ge stude udent nts, , improvi ving ng quality ity of life and housing sing cost st in hist storic
ghborho rhoods
tify y new approach ches es to homelessne ssness ss in our community unity
ide appropriate riate housing sing options ions for an aging ng populat lation
We are starting to see results.
Average vacancy rate in Burlington, 2006-2011 Average vacancy rate in Burlington, 2012-2018
“Apartment Market Vacancy Study for the City of Burlington,” Allen, Brooks & Minor, February 2019
Vacancy rates in Burlington are going up…
Rent inflation typically follows an inverse pattern with the vacancy rate, with the highest rent increases coinciding with periods of low vacancy… Between 2015 and 2017, vacancy rates were persistently higher than the long-term average, which limited landlords’ ability to increase rents… If vacancy remains low for an extended period of time, rent growth will be likely. Conversely, if new development results in an increased level of competition, it is likely that future rent inflation will continue to be minimal. Over the past four years, annual rent inflation has declined from 2.9% to 2.1%, while the annual change in CPI-U has increased from 0.1% to 2.5%. This data suggests that landlords have been unable to increase rents in conjunction with rising operating expenses.
… and data suggest that rent increases are going down.
We have more to do.
Short-term: Complete reforms from the Housing Action Plan. Medium-term: Work with partners and community members to identify slate of additional housing policy reforms. Long-term: Build a new consensus about housing in Burlington.
dating ing standards ndards for energy rgy effic icienc ency y in renta tal l hou
sing g in orde der r to support
imat ate e goal als, s, prote tect t renters ers from
asonably ably high gh utili lity ty costs sts
e it easie ier to buil ild d Acce cess ssory y Dwell lling ing Unit its, , offering ering flexi xibi bili lity ty for famili ilies es to age in place ce, offset set housin using g costs sts for owners, ers, and creat ate e neigh ghborh
scal ale e hou
sing g options ions in the city ty
leme ment nt regula ulati tions s for short
term rm renta tals ls to reduc duce e impac acts ts on long-te term m housi sing ng, , whil ile e bala lanci ncing g benef efits ts to hosts
g require uireme ments nts for buil ildi ding g new parking ing down wntown town and d alon
g key trans nspor porta tatio tion n corrid rridors
uce e a major jor housi sing ng cost st drive iver, , give ve choi
ces s abou
t car ownersh ership ip
toring g and d increa reasi sing g the level el of funding for the City’s Housing Trust Fund
rgy y costs ts are e an importa
nt, yet t
erlo look
ed part rt of the he over eral all l housing sing affordability fordability equat uatio ion
0% of Burlingt lington n Ho Househ seholds lds are e renters nters
% of Rente ter-occ ccup upie ied d househ seholds lds are e cost-burde burdened ed (pay ay more e than an 30% %
e)
80% 82% 84% 86% 88% 90% 92% 94% 96% Hot Water Heat
Rental Households using Natural Gas
% Rental Households
lding owner er require quired d to make e investment vestment in effici ficienc ency y measures sures, but tenant pays the utility bill = “split incentive” paradi radigm gm
enacte cted to addre ress s this is is issue, sue, requir quiring ing up to $1,300 00 in weat atheri rizat zation ion impr proveme
nts when hen unit t sold
rental units
tenants faced with high energy costs
weatherization (via air sealing and insulation) and/or upgrading heating appliances
ase out Time of Sale le (limi mited ted appl plic icability ability, , enforc
ement ent chal allenges lenges)
Inco corpor rporate ate energ rgy y effici ficiency cy in into existi xisting g mi minimum imum housing sing stand andar ards, ds, expa pands nds habit itability ability to conside ider r afford fordabilit ability y and heal alth/c th/comfort mfort for r ener ergy gy
impr proveme
nts; ; building dings s exce ceedi eding g baseline seline intensity tensity make e improv
ements ents
e list st as part rt of thei eir minimum imum housin using g insp spec ection tion
Att ttached ched Deta tached ched In Inte ternal rnal Co Convers version ion
http://www.startribune.com/right-to-build-accessory-dwelling-heads-to-minneapolis-council/282303781/
Rental al Incom come e and Affordable
using Living ving Space ce Agin ing g in Place ce
Source: https://hammerandhand.com/
line permittin itting: g: creatin ting g an ADU U not a primar ary reason for a project ect to go to DRB; ; only if other require iremen ments ts trigg ggere red
able”, permit accessory to any single-fa family mily (not just RL & RM zones)
king g space e require ired d for an ADU
U size: : 30% of gross ss area on a lo lot or 800 sq.ft., ., whiche chever er is greate ter
te a framework work for stormwa mwate ter r improv
ements/fee ts/fees s if ADU U footpr prin int t exceeds eds lot coverage age
50 100 150 200 250 300 350 400 450
Partial Dwelling Whole Dwelling Permit Status Permitted Unpermitted
Short rt- T erm erm Renta tals s in Burlin ington gton 2019
Room
s within hin a dwell llin ing g unit it vs. whole le unit it rentals als:
: Permitt mitted ed use in most t cases, by revising “bed & breakfast” defini initio tion n to recogni
ze this is rental al type, , and apply plyin ing g B&B B standards dards
Whole
its: : Condition nditional al Use (estab tablis lish as a new special cial use type), e), limit mit number mber in a bldg dg based ed on total al # of units its in bldg dg, , 1 p parki king ng space e per rental al city ty-wi wide de
Othe her r Regu gulator latory Consid sidera ratio tions: ns:
Whole
it rental al are non-residential esidential use, , trigg gger ers s housi using ng replacement acement if converti nverting ng an exist sting ing unit it
nsider allowin lowing g tenants ants as hosts ts, , with h
r/ass ssociat
ion permiss mission ion
its required uired to regist ister er as a b business siness (pay y appli licable cable taxes) s), , and regist ister er as a rental al* (apply pply mini nimum mum housin sing g standa ndards rds) ) *in most cases
Park rkin ing g occup cupies ies a lot of land. Many spaces ces are unused sed. It is expensive nsive to build ild and maintain ain.
Constru struct ction n Cost (per space)
Above ve Ground
Below
Bosto ston $25,000 ,000 $31,000 ,000 Nat. . Ave $24,000 ,000 $34,000 ,000
Ho However, we e ar are no not t al alone in n tackling this is pr problem
work
have a car:
tracts
Requirin ing on
Cities es Eliminat ating ng Parkin king g Minimum ums (City-wi wide de and within in distri tricts) cts)
iminate mi minimu imum m park rking ing requi equire reme ments: nts: downtown ntown, neigh ghbo borh rhood
tivity ty center ters, s, major r thor horough ughfa fares es
rmanent nently ly aff ffordable rdable housing, sing, rehab of historic building, ADU’s regardless gardless of locat ation ion
intain curre rent nt park rking ing maximums imums
ider er other her tools ls to mo more eff ffic icie ientl ntly y use exist isting ing park rking, g, ensure ure alternati ternative ve forms ms of transpor nsporta tati tion n are read adily ily availa ailable ble
itical al funding ing for creation ation and prese eservat vation ion of aff fforda
ble housing sing
dicated tax x of ½ pe ½ penny y on $100 00 of asses essed sed value
2.42/year to avg homeowner
ributes butes $20 200K 0K/ye /year ar
Year Dedicat ated d T ax Allocatio
Adjust usted d for infla latio tion n to 2019 Dollar ars 1990 $187,82 ,829 $367,24 ,248 2000 00 $189,500 ,500 $281,22 ,221 2010 $190,000 0,000 $222,66 ,668 2019 $200 00,38 ,382 $200 00,38 ,382
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1990 2019
Low Income
sehold holds s with Cost Burden den
Cost Burdened All
Base Contri tribu buti tion
using ng Trust st Fund
store
Housing ing Trust ust Fund to 1 penny/$ ny/$10 100 0 asses sessed sed value lue (consiste nsistent nt with th pre-2006 2006 levels vels)
nsider er the he limitat itatio ion tha hat t the e Fund be reve venue ue-neutral neutral if/w /when en reap appr prais aisal als s occur
ider a charte arter r chan ange ge quest estion ion on the e ballot lot in Marc rch h 2020
www.b .burlingto urlingtonvt vt.go .gov/ v/ma mayor yor/burl rlingtonho ingtonhousin usings gsumm mmit2 t2019 019
Part 2: September tember 4, 2019 9 6-8pm, 8pm, Contois ntois Aud. .