Integrating Housing into Regional Planning Background SCI provides - - PowerPoint PPT Presentation

Integrating Housing into Regional Planning

Background

 SCI provides resources to more fully integrate

housing and economic vitality into Metro Vision

‒ Housing and economic vitality identifies as areas of

improvement to create a more holistic regional plan

‒ Fair Housing Equity Assessment (Required by HUD) ‒ Regional Housing Strategy – “the starting point…” ‒ DRCOG Board to consider if/how to integrate key findings and

recommendations

 BBC Research and Consulting hired to complete FHEA

and RHS

 Housing issue connected to other key topics

2035 Fiscally Constrained RTP

Air Quality Conformity

2035 Metro Vision Regional Transportation Plan (RTP)

Metro Vision Plan

Growth and Development, Environment, Transportation

20+ Year “Vision” Transportation System

20 + Year Affordable Transportation System 6- Year Program of Funded Projects 2012-2017 Transportation Improvement Program (TIP) 20 + Year “Vision” Transportation System

Metro Vision – “The Umbrella”

Housing Studies: FHEA and RHS

Stakeholder and Public Engagement

Local governments (housing and land use planners) Entitlement communities* Affordable housing professionals Housing authorities Private sector developers Regional homelessness experts Providers of housing

• pportunities for people

with disabilities Fair housing agencies

* During and in advance of Strategy development

Stakeholder and Public Engagement

Identified housing needs within the region – Top 3

 Increase supply of housing for low to middle

income households

 Expand and respond to the demand for

transportation, housing and service options for people with disabilities and specifically seniors

 Increase economic opportunities for

disadvantaged residents (access)

Public Engagement Feedback

Targeted conversations (RCAP/ECAP)

 Scarcity of affordable options  Neighborhood disinvestment - safety,

crime, recreational opportunities, grocery

 Access to opportunity – jobs, training,

schools, etc.

 Gentrification  Discriminatory rental practices – fear

• f pursuing disputes

Growth Dynamics

 Region added over 1 million people between 1980

and 2010, but experienced only modest changes to the housing stock

 Majority of the region has experienced declining

homeownership rates

 Incomes have generally kept pace with housing

prices

‒

But those in poverty are facing historically high rents and low vacancy rates

‒

Also must consider rising cost of consumer goods

Growth Dynamics

 The region will experience significant growth in the

• lder adult population

‒ Much of this growth will happen in suburban and rural portions

• f the region

 The region should expect significant growth in

residents with disabilities

 Consistent with national trends, the region has

grown in ethnic and racial diversity (but with some variation across the region)

‒

Adams and Arapahoe significant increases, Denver no change

Growth Dynamics

 Nearly half of the region’s minority residents live in

racially/ethnically concentrated areas with high levels of poverty

 Region is among the most economically segregated

in the country (2nd to only NYC in share of households earning less

than $40K who live in majority low-income Census Tract)

 Extreme mismatch between affordable housing

and job center locations

Housing Affordability - Owning

2000 median price of homes listed or sold in the region = $189,000. In 2010 = $259,000 (up $70,000) Largest gains in Boulder County ($108,000) and Denver ($99,000) Change in proportionate shares of affordable homes increased in Adams and Weld counties Decreased in Boulder, Denver, Douglas counties

Housing Affordability - Renting

$40,000 = Amount renters must earn to afford median rental unit Most affordable submarkets (vacancy at 2.8 percent – perhaps even lower)

‒ Northern Aurora ‒ Commerce City ‒ Brighton

Denver has both most expensive and most affordable units

‒ Central/Downtown: must earn $60,000 to afford median rent

Housing: Links to Other Issues

Housing – Reg. Econ. Strategy

Interviews with Economic Development Professionals  Middle to upper skill and wage jobs have pretty

good choices

 Lower incomes: affordability and stability a threat

to economic opportunity

 Lack of entry level rental housing in peripheral

suburban and exurban locations

‒ Difficulty attracting and retaining entry level

employees

 Construction defects – potential impact on for-sale,

market rate, affordable

Housing – SCI Corridor Efforts

SCI Catalytic and Technical Assistance Projects

‒ East Corridor – Peoria Station

• 5.6 Acres of land owned by Aurora Housing Authority

‒ Northwest Corridor - Adams County Housing Authority

• 6.5 acres of multifamily and commercial land steps from the Westminster

Station, both vacant and improved

‒ Gold Corridor – Housing Strategy

• Affordable Housing Creation and Preservation Strategy
• Ensure continued housing affordability in the corridor
• Determine strategies to meet future housing needs

Next Steps

Housing and Metro Vision 2040

 Summaries distributed to MVPAC and DRCOG Board

(May 2014)

 Metro Vision Issues Committee (July 2014)  DRCOG Board briefing (TBD)

‒ FHEA and RHS bring together data and stakeholder input to

inform regional strategies, including roles for DRCOG – only a piece of the puzzle

‒ Other efforts can inform supportive policy framework (Metro

Vision 2040)

‒ New territory for DRCOG - Board support critical as the

foundation is set

Integrating Housing into Regional Planning