St. Croix County Economic Development Corporation Workforce Housing - - PowerPoint PPT Presentation

• St. Croix County

Economic Development Corporation Workforce Housing Panel August 25, 2020

INTRODU DUCTI TION

Who we are….

• WCWRPC is a multi-county planning agency

(Barron, Chippewa, Clark, Dunn, Eau Claire, Polk and St. Croix Counties)

• Help communities plan and develop. Operate for

the benefit of local governments and their citizens.

• Coordinate, partner, advocate and serve.
• Services: economic development, transportation,

community development (land use, housing,

• utdoor recreation, etc.), and conservation &

mapping.

The importance of housing…

• Basic need for shelter – “housing for all”

approach

• Nationwide, housing costs are outpacing

household incomes

• Supply & demand has an impact on housing

costs

• Population & household growth over the next

20 years - aging population!

WHAT I IS A HOUS USING S STUD UDY? Y?

Why conduct a Housing Study?

• Provide a better understanding of the area’s

current housing situation and trends as well as housing demand and needs.

• Utilize the study to market and attract

developers as well as advocate for regional funding, programs, and policy change(s).

• To educate and help foster a community

discussion and potential partnerships regarding local housing (and land use) needs, concerns, and strategies.

4 Primary Components of a Community Housing Study

i. Community Profile – background demographics,

economic characteristics, housing supply and costs, existing housing programs

• ii. Housing Demand Projections – Based on

population growth and household trends, how many units will be needed?

• iii. Needs Analysis – What are the housing needs/gaps

in the community? What are the preferences? At what price points?

• iv. Goals, Strategies & Tools – What strategies, tools,

and partnerships can assist the community to address the needs?

BARRON & & POLK LK C COUN UNTY HOUSI USING S STUDI UDIES

OV OVERALL APPR PPROACH

Study Process

• Study Scoping & Initial Stakeholder Meetings
• Obtain Funding
• A portion of the project costs were paid for by a

Community Development Block Grant (CDBG) application prepared by the Regional Planning Commission.

• Kickoff Meeting
• Data Collection (census, interviews, survey)
• Community Forums

Community & HR Interviews

• Realtors
• Lenders
• Building/Zoning Officials
• Landlords
• Builders / Contractors
• Developers
• HR officials
• Residents
• Housing Authorities &
• ther non-profit housing
• rganizations

Purpose of Interviews: 1. Speak with the local experts – what do they see happening in the local housing market? 2. Vet the data – is the Census data representative of the local housing issues? (vacancy rates, etc.)

Housing Forums

WCWRPC’s Goals for the Forums:

• 1. Gather feedback on findings

and initial recommendations.

• 2. Identify/discuss ideas on

potential strategies or tools that should be explored.

• 3. Help foster a community

discussion and potential partnerships regarding local housing needs, concerns, and strategies.

• Community Profile – demographics &

economics

• Housing Supply
• Housing Needs & Analysis
• Housing Priorities
• Recommended Housing Goals

4 Key Project Deliverables:

• County Housing Data

Report

• County Housing Toolbox
• Housing Study Reports (7)
• Housing Snapshots for

County + Cities & Villages

HO HOUSI SING STU STUDY Y OPT PTIONS

• Consider engaging communities in the County to

partner in a study. *housing market doesn’t stop at municipal boundaries*

• Don’t want a full-blown study – perhaps consider a

scaled-back housing assessment to look at supply & demand.

• Data collection that helps inform action steps

(inventory of rental units at or below 30% of County Median Income, interviews of key housing contacts, etc.)

Questions?

Susan Badtke, Associate Planner

(715) 836-2918 wcwrpc@wcwrpc.org

Affordable Housing Development

Robyn Thibado 8.25.2020

To take action against poverty by

developing the social and economic assets of low-income families and their communities and by working to create a more just and sustainable society.

West Central Wisconsin Community Action Agency, Inc.

M I S S I O N

What services are provided?



Housing

• Affordable Housing Development
• Property Management
• Weatherization
• Homelessness Intervention
• Energy Assistance



Food Access



Transportation



Adult Education



Other

Need for Affordable Housing

Minneapolis Metro Area: Wage needed for 2 bdr - $23.35/hr 2 bdr FMR - $1,214 Dunn County: Wage needed for 2 bdr - $15.17 2 bdr FMR - $789

Out of Reach 2020 Report

In Wisconsin, the Fair Market Rent (FMR) for a two-bedroom apartment is $898. In order to afford this level of rent and utilities — without paying more than 30% of income on housing — a household must earn $2,993 monthly

• r

$35,913 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into an hourly Housing Wage of:

$17.27

PER HOUR

STATE HOUSING WAGE

Project Development

 Partnerships

• Developer
• Investors
• CHDO
• City

 Determine Housing Needs

• Good job base
• Labor rate
• Amenities – Grocery stores, Health care, Education
• Public transportation

Financing Options

 Low Income Housing Tax Credits  Community Development Block Grant  City land grant  TIF (Tax Increment Financing)  Other City resources (utility extensions,

sidewalks, etc)

 AHP (Federal Home Loan Bank)  HOME (DOA)  Focus on Energy  Local banks

Case study: Abbey Grove, North Hudson

Abbey Grove by the Numbers

• 35 Units
• T
• tal cost, $7,009,320
• Unit cost, $200,266
• ($1400/mo. PITI)
• 7 units for 30% CMI
• 14 units at 50% CMI
• 8 units at 60% CMI
• 6 market rate units

Other Considerations

 Low-income subsidized housing units  Section 8 Housing Choice Vouchers  Homelessness  T

enant Selection Criteria

 Supportive Services

Home Ownership and Community

BEST FOR You

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Homeownership – or homesteading - as a talent and retention program

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Home Sweet Menomonie Program Details

» $10,000 down payment assistance 0% loan, final year forgiven for improvements » $260,000 in lending to date, $410,000 in donations! » Employers make a non-profit donation to the Community Foundation fund pool

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Economic Development is attracting and retaining a competitive workforce Workforce retention and placemaking are interconnected Employers and municipalities have a stake in how and where employees live

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• Retention + Psychological Wellness
• Satisfaction at work and at home
• Loyalty and feeling rooted
• Attracting talent and putting home
• wnership within reach

Home Sweet Menomonie’s Two Biggest Winners

The Employer The Employee

BEST FOR You

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“Great schools, affordable health care and safe streets all help create strong

• communities. But is there

something deeper that draws people to a city –that makes them want to put down roots and build a life?”

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What Makes People Happy?

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Does it Work?

Do programs like Home Sweet Menomonie actually help attract and retain employees?

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The Soul of the Community

» Commissioned by the Knight Foundation » Set out to determine the factors that attach residents to their communities and the role of community attachment in an area’s economic growth and well- being. » The findings showed a significant correlation between community attachment and economic growth.

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‘Community Attachment Drivers’ (survey of 40,000 people- 2010) –Welcoming/Openness –Social Offerings –Aesthetics

Credit: Knight Foundation

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HOMEOWNERSHIP IS AND ALWAYS WILL BE AN IMPORTANT COMPONENT OF HEALTHY, THRIVING COMMUNITIES

Thank You

Georgina Tegart 715-2323-8019 gtegart@cfdunncounty.org www.cfdunncounty.org