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Innovations in Affordable Housing: Defining Need, Finding Solutions

Innovations in Affordable Housing: Defining Need, Finding Solutions. Lisa Sturtevant, PhD Vice President of Research, National Housing Conference Executive Director, Center for Housing Policy. What Will Drive Housing Demand? Key demographic and economic trends will shape demand.

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Innovations in Affordable Housing: Defining Need, Finding Solutions

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  1. Innovations in Affordable Housing:Defining Need, Finding Solutions Lisa Sturtevant, PhD Vice President of Research, National Housing Conference Executive Director, Center for Housing Policy

  2. What Will Drive Housing Demand?Key demographic and economic trends will shape demand

  3. BoomersGrowth in 65+ population Projections of Population Change by Age for the U.S.: 2010 to 2050 Source: Housing an Aging Population: Are We Prepared?

  4. Gen Y’ers Trends among 25-34 year olds Source: U.S. Bureau of Labor Statistics, 2011 Current Population Survey

  5. CitiesDivergence in housing market recoveries Median Single-Family Home Price: Q1 2014 VS San Francisco, CA $679,800 Cleveland, OH $102,100 Source: National Associate of Realtors

  6. AffordabilityMillions of cost burdened households Source: Housing Landscape 2014

  7. AffordabilityCosts rising faster than incomes Change in Incomes and Housing + Transportation Costs Median-Income Household in Largest 25 Metro Areas: 2000-2010 +52% +44% +33% +25% Housing Costs Transportation Costs Combined H+T Costs Household Income Source: Losing Ground

  8. EmploymentTrading high-wage jobs for low-wage jobs Projected Job Growth Hampton Roads VA: 2013-2033 Source: Housing the Future Workforce in the Hampton Roads Region

  9. Transit-Oriented DevelopmentDemand for walkable neighborhoods Source: Public Transit’s Impact on Housing Costs; Local Policy Options to Support Sustainable and Equitable Development

  10. Inclusionary HousingLocal affordable housing policies proliferating Location of Inclusionary Housing Programs in the U.S. Source: Designing Inclusionary Housing for Lasting Affordability

  11. Housing & ServicesMeeting the continuum of needs Source: Aging in Every Place; Strengthening Economic Self-Sufficiency Programs

  12. PartnershipsCritical to meeting housing challenges ahead Information Data Analysis Policy development Best practices Financial institutions

  13. Innovations in Affordable Housing:Defining Need, Finding Solutions

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