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  • Affordable Housing Plan

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    Hannah Michelle
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    New affordable housing plans

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    New affordable housing plans

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    © All Rights Reserved
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    751 Ansichten24 Seiten

    Affordable Housing Plan

    Hochgeladen von

    Hannah Michelle
    New affordable housing plans

    Copyright:

    © All Rights Reserved
    Als PDF herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 24
    Washington County: Affordable Housing Plan ECE Executive Summary Introduction Demographics... Population and Growth ‘Analysis of Population and Growth Population Pyramid ‘New Housing Demand. Income. Analysis of Income.. Housing Stock Characteristics. Housing Occupancy and Vacancy. ‘Age of Housing Stock. Housing Affordability. Avalloble Housing Prices. Value of Existing Housing Stock wt Affordability of Home Ownership.. vd Affordability of Rent. 23 Affordable Housing Options 13 Utah Fair Housing Act Support. Special Needs Housing. Seniors Disabled Homeless ‘Analysis of Special Needs Housing ... Racial Compositior Evaluation of Fair Housing Legal Status. 16 Ethnic and Racial Minority Populations. 16 Summary of Impediments... 20 Analysis of Zoning Ordinances. i Evaluation of Zoning Code’s Effect upon Fair and Affordable Housing Goals & Objectives... Benchmarks. Page 2 Washington County: Affordable Housing Plan Washington County: Affordable Housing Plan GS ‘The Purpose of this affordable housing plan is to ensure that Washington County provides a reasonable opportunity for a variety of housing, including housing for low and moderate income households, to meet the needs of the population desiring to live in Washington County. The population of Washington County is projected to increase substantially over the next 10 ‘years. Just over one third of all Washington County households are earning a moderate income or less, and the demand for affordable home ownership and rental opportunities will likely increase. There is a deficiency of housing for very low and extremely low income households in Washington County. The County should be actively seeking opportunities to provide sufficient housing to satisfy the rising population demands. Even though Washington County has a relatively new housing stock, the 2015 ACS estimated that approximately 31% of the units were built prior to 1990. In order to maintain a healthy housing stock capable of providing safe, habitable, and affordable living conditions, building new units and actively maintaining the current housing supply is necessary. The Utah Affordable Housing Forecast Tool (UAHFT), provided by the Utah State Division of Housing and Community Development, indicates that a number of households, particularly ‘those earning a very low income are expending a high percentage of their income on housing and a greater supply of affordable rental and owned housing is needed to meet the needs of affordable housing in Washington County. The UAHFT indicates that households earning a moderate income or greater have sufficient affordable housing options, while households earning less than a moderate income do not have sufficient opportunity to purchase or rent affordable homes. The County should review its zoning ordinance to ensure that there is adequate opportunity to develop a sufficient supply of various housing types to meet the County's diverse needs. The following goals are recommended to maintain adequate affordable housing choices for all those who wish to reside in Washington County: ‘© Support affordable housing efforts of local jurisdictions, non-profits, and developers. Revise zoning ordinances to better accommodate a variety of affordable housing options. * Support Utah’s Intergenerational Poverty Policy as it relates to affordable housing, and support programs that aid in Family Economic Stability. (See the Gools and Objectives section for more details) Page 3 Washington County: Affordable Housing Plan (entree In 1996 the Utah Legislature passed House Bill 295 requiring cities and counties to include an affordable housing element as part of the general plan. Housing is considered affordable when households of various incomes, spend no more than 30% of their gross monthly incame on housing expenses. In this plan, housing needs are considered for households earning a moderate income or less (80% AMI oF less). The intent of this affordable housing plan is to ensure that Washington County provides a reasonable opportunity for a variety of housing, including low to moderate income housing for its residents. Low to moderate income housing should be encouraged to allow persons earning less than 80% of the Area Median Income to fully participate in, and benefit from all aspects of neighborhood and community life, Panteciaie Population and Growth Between 2010 and 2020 Washington County's population is expected to increase by 48,038 people bringing the total population to 186,618 in 2020. According to the Kem C. Gardner Policy Institute the annual growth rate averaged 3.8% between 2015 and 2020, but is expected to decrease to an annual average of 3.0% between 2020 and 2030. The 2016 ACS estimates that Washington County's population is 160,245. This puts the current population estimate below the current projections by 0.07% (114 people). if the projected growth rate is realized, Washington County will gain 65,018 new residents between 2020 and 2030, and 282,212 new people between 2020 and 2060. The chart below displays population projections through 2065. Washington County Population Projections 508,952 468,830, 429,295, 391,468, 355,549 320,956 286,768 251,636 219,019 186,618 2010 201570202025 7030-7035 ©7040 2085-2050 205520602065 Source: Kem C. Gardner Polcy Institute 2015-2065 State and County Projections. Page 4 Washington County: Affordable Housing Plan Analysis of Population and Growth The projected population increase of 65,018 new residents between 2020 and 2030 is significant because 22,115 new households will need a place to live in Washington County, and by 2060 estimated that 95,990 additional households will need a place to reside According to the 2010 US Census there are an estimated 4,199 non-seasonal vacant dwelling units and 7,202 seasonally vacant dwelling units in Washington County. Seasonally vacant houses are vacant during a specific season, and are for recreational or occasional use. Although itis likely that future residents wil fill some of the vacant units, the vacant housing stock will not be sufficient to accommodate all of the estimated households over the next several years. In addition, the existing housing stock will have to be maintained and in some cases, rehabilitated, in order for the units to be safe, decent places to lve. Population Pyramid Population Pyramids indicate various needs of a given population including, depicting the age and gender makeup of a population, and indicating whether a population will increase or decrease. There are two major attributes of Washington County's population pyramid that will have an effect on the County's growth and future housing needs. Population pyramids like Washington County's that have most of the population in the pre- reproductive (ages 0-14) and the reproductive cohorts (ages 15-44) usually indicates that the population will grow rapidly. The anomaly in Washington County’s population pyramid is that the population evens out in the early post-reproductive years and then grows in the mid post- reproductive years. Large populations at or near the top of population pyramids often indicate a stagnant or jing population. However, because Washington County's pyramid has a large base and a I post-reproductive population itis assumed that Washington County will grow rapidly. Because the aging population is not likely to decline, itis anticipated that there will be a significant housing need for the elderly population. A portion of the aging population will be able to stay in their homes, however there will be an increased demand from those that need housing assistance. With a growing population of all age cohorts, there will be a need for a variety of housing types. Decision makers at the County will need to be in tune with the current and projected socio- economic needs of the community to provide opportunities for appropriate housing types to be constructed Page 5 Washington County: Affordable Housing Plan Washington County Population Pyramid 85 Yearsand Over Nae Feil 80-84 Years 73-79 Years 70-74 Years 65 - 69 Years 60 - 64 Years, 55-59 Years 50-54 Years 45-49 Years 40-44 Years 35-39 Years 30-34 Years 25-29 Years 20-24 Years 15-19 Years 10-14 Years 5-9 Years 44% Under 5 Years Th 5% 3% = 1% 1% %HC(itiHCH Source: UAHET tol, Inputs (2010 US. Census) ‘New Housing Demand Households that earn a moderate income and less make up 37.9% of the population. Of the 22,115 households projected to be in Washington County between 2020 and 2030, 8,381 will heed affordable housing options. To meet this need on a yearly basis, 838 affordable housing units will be needed. Based on the projected increase in population, observed income levels, and existing vacancies, the UAHFT Housing Model estimates that there will be a demand for 8,268 new housing units for low-moderate income (LMI) households between 2020 and 2030. The demand for new units affordable to LMI households in 2050 will be 30,332. The chart below summarizes the projected demand for new housing in Washington County across various income groups. Page 6 Washington County: Affordable Housing Plan New Housing Unit Demand by Household Income Level 30% to 250% to >80% to 30% AMI <50% AMI <80% AMI 100% AMI 100% AMI, 7 oan 2anu0 zoan 20000 20000 20) I 10304 2050 SAMRAT ATT 2747 5 5 g 7 E a a all R228 8228 8828 82838 g8 Source: UAHFT Tool, Inputs (Kem C. Gardner Policy Institute, Washington County Board of Realtors) Income Analyzing the income of Washington County's residents is critical to understanding the affordable housing need for the County. Housing affordability at the household level is a direct function of income. Because the cost of living is relative to the area in which the Percent of Households by Income Level residents live and to household size, the US. Department of Housing and Urban Development >100% m1 I 50.4% (HUD) has created a measure called the Area Median Income gosto s100%aMI 11.6% (AMI). The 2016 AMI for Washington County is $59,600. 50% to <80% AMI Hi 1c The AMI is the standard to determine housing ttanabity of | sa0%30% to 550% AMI $745 50% to <80% AMI $1,192 80% to <100% AMI 1.490 Source: UAHFT Tool, HUD Income Limits Available Housing Prices Maximum Mortgage Loan Amount $49,136 $102,839 $183,393 $237,097 The property research conducted from data received by the Washington County Board of Realtors indicates that there were 1,060 total properties for sale in Washington County on Sept 11, 2017. The median asking price was $374,900. The chart below categorizes the prices of housing units affordable to each income level. There were 147 units listed for rent on www.zillow.com. The median rental price at the time was $1,300. The chart below displays the number of housing units that were for sale and rent on Sept 8, 2017 that are affordable for each income level, Number of Units Number of Affordable Housing Units to each Income level for Sale & Rent a0 30% AMI 230% to 505 AMI ‘mw Number of Units for Sale 288 2-3 65 a 784s 56 = 1 ae 250% to 580% AMI 28055 to 5100% AMI 210096 AMA l= Number of Units for Rent Source: HUD User Income Limits, wawuzilow.com, Washington County Board of Realtors Page 10 ‘Washington County: Affordable Housing Plan Value of Existing Housing Stock ‘The current market value of the housing stock is used to determine the affordability of home ‘ownership. The chart below shows the current market values of existing homes by income level. ‘According to the Washington County Assessor, categorized by affordability at various income levels, 33.3% of the housing stock is affordable to a moderate income household or less (<80% AMI). Number of Existing Affordable Housing Units by Income Level as35 15,239 275 = f B =“ 530% AMI $0- 230% 10 SSO% AM 250% to

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