CITY of VIRGINIA BEACH RESORT AREA STRATEGIC ACTION PLAN (RASAP) - - PDF document

▶
city of virginia beach
SMART_READER_LITE
LIVE PREVIEW

CITY of VIRGINIA BEACH RESORT AREA STRATEGIC ACTION PLAN (RASAP) - - PDF document

Jan 01, 2023 200 likes •494 views

CITY of VIRGINIA BEACH RESORT AREA STRATEGIC ACTION PLAN (RASAP) Steering Committee Agenda Monday, September 23rd [2:00pm-5:00pm] AGENDA 2:00 City of Virginia Beach Housing Brief 2:15 RASAP Steering Committee - working session Review

slide-1
SLIDE 1

CITY of VIRGINIA BEACH

RESORT AREA STRATEGIC ACTION PLAN (RASAP) AGENDA City of Virginia Beach Housing Brief

YARD & COMPANY

Kevin is a leader in community development, economic and real estate development fjnance, have included several public and private partners and a diverse set of public fjnancing tools such

RASAP Steering Committee - working session

  • Review & discuss individual edits to the draft
  • Form consensus around edits and revisions to text and graphics

Steering Committee Agenda Monday, September 23rd [2:00pm-5:00pm] 2:00

Next Steering Committee Meeting - Monday, 10/07/19 2:00 - 5:00 @ CVB Board Room

Schedule/Next Steps 4:45 2:15

slide-2
SLIDE 2

WHAT IS AFFORDABLE HOUSING AND HOW CAN WE MAKE IT HAPPEN?

R A SA P E xec u t ive Committee M eet in g S ept . 2 3 , 2 0 1 9

Presented by Andrew Friedman, Director

slide-3
SLIDE 3

OUTLINE

W h at is “afford ab le h ou sin g ” ? W h at is t h e n eed in V irg in ia B eac h ? W h o sh ou ld we h elp to obtain “afford ab le h ou sin g ” ? How can h ou sin g b e mad e “afford ab le” ?

2

slide-4
SLIDE 4

Affordable Homeownership Opportunity

Virginia Beach Community Development Corporation (VBCDC)

3

slide-5
SLIDE 5

Add a Footer 4

Affordable Efficiency Apartments -Crescent Square

Virginia Supportive Housing with Cities of Virginia Beach and Norfolk, and NRHA

slide-6
SLIDE 6

Add a Footer 5

New Construction Affordable Homeownership

VBCDC

slide-7
SLIDE 7

Affordable Family apartments - Baker Woods

The Lawson Companies

6

slide-8
SLIDE 8

Affordable Apartments for Veterans -Cedar Grove

VBCDC

7

slide-9
SLIDE 9

Affordable Apartments by The Lawson Companies

8

slide-10
SLIDE 10

Beach Park West – Affordable Housing for Human Services Clients

VBCDC

9

slide-11
SLIDE 11

Add a Footer 10

200 West – Affordable Apartments

Franklin-Johnston Group

slide-12
SLIDE 12

Add a Footer 11

Rehabilitated affordable townhome

in Princess Anne Plaza Townhomes

slide-13
SLIDE 13
  • An appropriate housing unit

(appropriate to the household’s size & accessibility needs)

  • An opportunity for a household to
  • btain and maintain that unit (not a

guarantee of housing -- no local government can provide that).

  • Affordability: costs are less than 30-

40% of household income.

  • Condition: the housing unit is decent

and safe (up to code standards)

  • Availability: the unit is actually

available to the person who needs it

OUR DEFINITION OF “AFFORDABLE HOUSING”

12

slide-14
SLIDE 14

Affordable housing opportunity: a household pays 30% or less of its income for a decent, safe and appropriate housing unit. No reference to the “true” cost of the unit, any particular unit, nor type of housing.

ALL of the pictures you just saw are examples of affordable housing in Virginia Beach!

AFFORDABLE HOUSING OPPORTUNITY

13

slide-15
SLIDE 15

Social/governmental concern arises when:

  • choices are so limited,
  • housing is so expensive that people

are significantly impacted in their ability to afford the other necessities

  • f life,
  • or they simply are unable to obtain

decent, safe and appropriate housing

WHO SHOULD GOVERNMENT HELP WITH AFFORDABILITY?

14

slide-16
SLIDE 16
  • “Assistance” amounts and types will vary

as appropriate to the income level and type of housing, consistent with public goals and regulatory requirements.

  • Deeper subsidies of various types are

needed to help those with lower incomes

  • Assistance for people with higher incomes

should be less and in the form of loans.

  • Limits are also placed on amount of rent,

house value, assets, etc.

WHO SHOULD GOVERNMENT HELP WITH AFFORDABILITY? (2)

15

slide-17
SLIDE 17

HOUSING AFFORDABILITY FOR TOP 10 OCCUPATIONS BY EMPLOYMENT

Source: VCHR Tabulations of 2014 Virginia Workforce Connection Labor Market Information Data

16

2014 Median Rent: $1,200

$289 $396 $463 $497 $590 $594 $814 $870 $1,140 $1,906 $578 $792 $926 $994 $1,181 $1,188 $1,627 $1,740 $2,280 $3,811

$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000

Max Affordable Montly Rent Max Affordable Monthly Rent, Doubled Up

slide-18
SLIDE 18

RESORT AREA WORKERS NEED AFFORDABLE HOUSING !

17

slide-19
SLIDE 19

Households earning less than a given percent of the area median income (AMI), taking into account household size. Most federal housing programs limit eligibility to households earning 80%

  • f the median income.
  • Our metro area = approx. $63,450 for

a family of 4.

WHO SHOULD GOVERNMENT HELP WITH AFFORDABILITY? (1)

18

slide-20
SLIDE 20

PROJECT-BY-PROJECT SUPPORT FOR AFFORDABLE HOUSING DEVELOPMENT

19

We’ve used almost every tool there is to help make affordable housing projects happen:

  • Financing tools and providing

vouchers

  • Infrastructure and land
  • wnership tools
  • Support of proposals to

funders/financers; and designation of revitalization areas

  • Innovative partnerships
  • Building it ourselves!
slide-21
SLIDE 21

31 Developments 3,959 Total Units – including 2,082 new construction 3,678 Affordable Units Elderly, Disabled, Homeless, Veterans $172M of Private Equity

LIHTC FUNDED PROJECTS IN VIRGINIA BEACH SINCE 1995*

*INFO FROM VHDA- THANK YOU!

20

slide-22
SLIDE 22

City funds HOME and/or CDBG funding Project-based voucher commitments Targeting for people with disabilities

FINANCING AND VOUCHERS

21

slide-23
SLIDE 23

Building significant infrastructure Cost sharing on infrastructure Reducing parking requirements Selling public land Identifying land/connecting sellers to developers

INFRASTRUCTURE AND LAND OWNERSHIP

22

slide-24
SLIDE 24

Council Resolutions City Manager Letters Zoning Letters Designation of Revitalization Zones

SUPPORT TO FUNDERS AND AREA/SITE DESIGNATIONS

23

slide-25
SLIDE 25

Systemic Approaches to Facilitate/Allow

  • 1994: Housing for

Seniors and Disabled Persons per CUP/Reduced pkg.

  • 1997: “In-Law suites”

(Accessory Dwelling Units) allowed in limited zoning areas

  • 2003: Strategic Growth

Areas allow increased density/urban form

24

  • 2007: Single Room

Occupancy Facility per CUP/Reduced parking

  • 2007: Voluntary

Workforce Housing Program-density bonuses

  • 2012: Form-based

Code adopted in Resort area, reducing need for re-zonings/CUPs

slide-26
SLIDE 26

25

A F FO R DA B LE HO US IN G A S A N IN TEGR A L PA RT O F THE F UTUR E O F PLACES PEO PLE WA N T TO LIV E:

  • Accessory structures/dwelling

units (“in-law suites”)

  • Mandatory inclusionary zoning
  • Income-integrated housing

development

slide-27
SLIDE 27

SUMMARY

  • Mismatch between rents and incomes in VB

and U.S.

  • We want to expand “affordable housing
  • pportunities” so that renters can afford

housing without sacrificing other necessities

  • Virginia Beach has done a lot to support

project-by-project affordable housing

  • Opportunity to enhance systemic approaches

through a combination of additional zoning changes, requirements and incentives

  • 26
slide-28
SLIDE 28

THANK YOU! QUESTIONS & COMMENTS

A n d rew M . F ried man , D irec tor V irg in ia B eac h Hou sin g & N eig h b orh ood Preser vat ion af ried ma@vb gov.com or ( 7 5 7 ) 3 8 5 -5 7 52