What do we need to know about housing needs in Arlington? How many - PowerPoint PPT Presentation

H OUSING A D IVERSE AND I NCLUSIVE C OMMUNITY IN A RLINGTON C OUNTY : CURRENT AND FUTURE HOUSING NEEDS A presentation to the Arlington community September 22, 2014

What do we need to know about housing needs in Arlington? How many Which groups of Arlingtonians struggle individuals and to find affordable families face the housing? greatest needs? Where are What are the current Arlington’s affordable housing future housing needs? gaps? ARLINGTON AFFORDABLE HOUSING STUDY

How did we answer these questions? • Analysis of Census and other data (April- June) • Poll of Arlington residents (April – June) • Focus groups/targeted interviews (June-July) – Employers, low-income seniors, persons with disabilities, immigrants, CAF residents, homeless persons, non-resident commuters • Review of current housing programs & policies (May- June) • Analysis of current and future household characteristics & housing needs (June-August) ARLINGTON AFFORDABLE HOUSING STUDY

Recognizing the commitment to the community’s values DIVERSITY CHOICE INCLUSIVITY SUSTAINABILITY ARLINGTON AFFORDABLE HOUSING STUDY

What did we learn? ARLINGTON AFFORDABLE HOUSING STUDY

Housing costs climbed dramatically between 2000 & 2013 Home Prices +172% +163% +146% Townhouse Condo +91% Single-family detached Rents ARLINGTON AFFORDABLE HOUSING STUDY Source: Arlington County Rent and Vacancy Survey, MRIS

Some common affordable housing terms • Cost Burdened household: A household that spends 30% or more of its gross income on housing costs Example: A household with an annual income of $60,000 spending $1500 or more per month on housing • Severely Cost Burdened household: A household that spends 50% or more of its gross income on housing costs Example: A household with an annual income of $60,000 spending $2500 or more per month on housing ARLINGTON AFFORDABLE HOUSING STUDY

Some common affordable housing terms • Area Median Income (AMI): The median household income for a metropolitan area, which varies by household size In FY2012, the AMI for the Washington region was $107,500 for a family of four $75,300 for a single person • Who is “ low income ”? Extremely low income: <30% AMI Very low income: 30-60% AMI (*HUD uses 50% limit*) Low income: 60-80% AMI ARLINGTON AFFORDABLE HOUSING STUDY

Some common affordable housing terms Income Group (FY 2012) What type of household is this? How much can they afford to spend on housing? (30% of income) People who are unable to work due to 0-30% AMI disability or age. $0 - $806 family of four $0 - $32,250 family of four Seniors on fixed income. $0 - $565 single person $0-$22,600 single person Low-wage workers, including many retail, restaurant and social service workers. One person working as an administrative 30-60% AMI assistant, electrician, or bus driver. $806 - $1,605 family of four $32,250-$64,200 family of four Two workers in the retail, restaurant, or $565 - $1,130 single person $22,600-$45,180 single person social service fields. $1,605 - $2,150 family of One or two workers in entry-level 60-80% AMI four $64,200-$86,000 family of four professional service, non-profit, $1,130 - $1,506 single $45,180-$60,240 single person government or health professional jobs. person $2,150 - $2,687 family of 80-100% AM One or two workers in entry- or mid-level four $86,000-$107,500 family of four professional service, non-profit, $1,506 - $1,883 single $60,240-$75,300 single person government, or health professional jobs. person ARLINGTON AFFORDABLE HOUSING STUDY

Thousands of individuals and families in Arlington face affordability challenges Spend 30-50% of income on housing (17,600 households) Spend more than 50% of income on housing (12,500 households) ARLINGTON AFFORDABLE HOUSING STUDY Source: 2010-2012 American Community Survey 3-year microdata file

Some Arlingtonians face bigger housing affordability challenges than others Percent Spending 30% or More on 100% Renters Owners 86% 90% 80% 70% 70% 69% 65% 70% 57% 60% Housing 49% 48% 48% 46% 50% 41% 40% 33% 25% 30% 23% 20% 10% 0% All Senior (65+) Disabled American Hispanic Single- (<$60K) parent income Lower African Household Type ARLINGTON AFFORDABLE HOUSING STUDY Source: 2010-2012 American Community Survey 3-year microdata file

There is a significant shortage of rental homes affordable to low- and moderate- income families… 4,000 3,500 -1,209 3,000 2,500 Renting households with -1,997 2,000 4+ people 1,500 Affordable units with 3+ bedrooms -1,225 1,000 500 0 Less than Less than Less than 30% AMI 60% AMI 80% AMI ARLINGTON AFFORDABLE HOUSING STUDY Sources: 2010-2012 ACS; Arlington County Rent and Vacancy Survey; GMU/CHP tabulations

And insufficient rental housing for the lowest income individuals. 16,000 14,000 12,000 10,000 Renting households with 8,000 1 person -4,745 6,000 Affordable units with 0 or 1 bedrooms 4,000 -3,400 2,000 0 Less than Less than Less than 30% AMI 60% AMI 80% AMI ARLINGTON AFFORDABLE HOUSING STUDY Sources: 2010-2012 ACS; Arlington County Rent and Vacancy Survey; GMU/CHP tabulations

Many current residents think they will have to leave Arlington in the next 5 years ARLINGTON AFFORDABLE HOUSING STUDY Source: Poll of Arlington residents, April-June 2014

There is broad public support for housing policies to help ease affordability challenges TOTAL IMPORTANT Help seniors age-in-place 92 Provide affordable housing options to the County's 88 workforce Provide housing assistance for disabled persons with 93 lower incomes Help moderate and low-income families with children in 90 Arlington schools remain here 91 Provide shelter / housing for homeless persons 77 Have diversity by ethnic & racial background 80 Have diversity by income & occupation Provide financial assistance for first-time homebuyers 79 with low/moderate incomes ARLINGTON AFFORDABLE HOUSING STUDY Source: : Poll of Arlington residents, April-June 2014

Who will live in Arlington in 2040? Household Type Change Percent Change All Households 30,500 31% Household Income <30% AMI 3,700 37 30-60% AMI 3,700 37 60-80% AMI 3,000 33 80-100% AMI 2,400 24 100-120% AMI 3,100 34 120%+ AMI 14,800 30 Household Size 1-person 12,000 30 2-person 11,000 35 3-person 3,400 29 4+-person 4,300 30 Age of Household Head 65 or older 9,200 75 Under 65 21,400 25 Disability Status With a disabled member 3,900 43 With no disabled member 26,600 30 ARLINGTON AFFORDABLE HOUSING STUDY Source: GMU/CHP estimates

Who will live in Arlington in 2040? Low-income individuals and families An additional 3,700 households with incomes below 30% of AMI and 3,700 households with incomes between 30 and 60% AMI Larger households, including families with children An additional 7,700 households with 3 or more people ARLINGTON AFFORDABLE HOUSING STUDY Source: GMU/CHP estimates

Who will live in Arlington in 2040? Seniors An additional 9,200 households headed by a person age 65 or older Persons with disabilities An additional 3,900 households that include a person with a disability Includes 2,500 households with people having multiple physical and/or cognitive difficulties ARLINGTON AFFORDABLE HOUSING STUDY Source: GMU/CHP estimates

Who will live in Arlington in 2040? Moderate-income households An additional 5,500 households with incomes between 80 and 120% AMI, including many potential first-time homebuyers Homeless people The County has pledged to reduce the homeless population by 50% by 2015 ARLINGTON AFFORDABLE HOUSING STUDY Source: GMU/CHP estimates

How do we balance future housing needs with Arlington’s vision for the future? DIVERSITY CHOICE INCLUSIVITY SUSTAINABILITY ARLINGTON AFFORDABLE HOUSING STUDY