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Affordable Housing

Affordable Housing. Nonpartisan, but political Established: 1920 1972: Men accepted Educate & Advocate. The League of Women Voters. What We’re Going to Cover. What is affordable housing? Why is it needed? Economic benefits to you and to the economy Alternatives to standard residences

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Affordable Housing

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  1. Affordable Housing

  2. Nonpartisan, but political Established: 1920 1972: Men accepted Educate & Advocate The League of Women Voters

  3. What We’re Going to Cover • What is affordable housing? • Why is it needed? • Economic benefits to you and to the economy • Alternatives to standard residences • Obstacles to affordable housing • What we can do about them

  4. What is Affordable Housing? Housing for people with household incomes at or below median income level for the area and Cost of the housing is no more than 30% of household income

  5. Affordable Housing MattersBenefits for families • Stability in employment, school, community • Physical and mental health • More to spend on other needs

  6. Affordable Housing MattersClose To Business • For new businesses: critical factor in site selection • Increases ability to recruit and retain employees • Decreases commuter traffic congestion

  7. Affordable Housing MattersEconomic Benefits • Increases local economic activity • Creates stable neighborhoods • Increases tax revenues • Housing construction dollars create jobs

  8. Affordable Housing and Necessities • Floridaincome needed for basic necessities for a family of 4 is • $55,164/yr

  9. Florida Household Survival Budget Family monthly costs (2 adults, 1 infant, 1 preschooler) Housing $ 848 Child care 1,027 Food 542 Transportation 653 Health care 720 Technology 75 Miscellaneous 418 Taxes 317 Monthly total $ 4,600 ($26.54/hr) Annual Total ………………….. $55,200

  10. So what’s the big deal? But 46% of Florida households don’t have it! • Floridaincome needed for basic necessities for a family of 4 is • $55,164/yr

  11. Who Does Affordable Housing Crisis Affect? Some Common Occupations: Florida Florida Household Survival Budget: $26.54/hr

  12. Florida 2018 / 2019 Sales & Rental Prices Single-family home median sale price: $ 224,500 Apartment Rental Prices: • 1-bedroom: $898/month • 2-bedroom: $1,093/month • 3-bedroom: $1,511/month Florida Household Survival Budget: $4,600/month

  13. Florida Households Percent of Income Paid for Housing in 2016 • Only 65% of owners paid 0-30% • 18% of owners paid 30.1 to 50% • 17% of owners paid 50% or more • Only 44% of renters paid 0-30% • 25% of renters paid 30.1 - 50% • 31% of renters paid 50% or more

  14. How Do We Create Affordable Housing?

  15. Affordable Housing Funding Sources • Low-Income Housing Tax Credit (LIHTC) • USDA Rural Housing Service • Federal Subsidies • Local Workforce Housing Programs • State Housing Trust Funds (Sadowski)

  16. Affordable Housing Funding Sources • Low-Income Housing Tax Credit (LIHTC) • Most important resource for creating affordable housing in the United States today. • USDA Rural Housing Service • Rural multi-family housing complexes • Federal Subsidies • Vouchers, public housing

  17. William E. Sadowski Affordable Housing Act • Enacted in 1992 • Sadowski Act promised a reliable funding source for Florida affordable housing • Sadowski Act allocates housing trust funds for rental apartments (SAIL) and home ownership (SHIP)

  18. Sadowski Trust Funds Diverted • Beginning in 2001 the state legislature began to sweep Sadowski Act funds into the general budget. • $2 billion of housing funds taken for other purposes • Economic loss over 25 years: 165,000 housing units and 94,000+ jobs

  19. Florida Obstacles To Affordable Housing • Zoning, density and parking limitations • Neighborhood opposition (“Nimbyism”) • Diminishing public funding • Developer focus on new single-family dwellings • Legislative diversion of Sadowski housing trust funds • Investor ownership of foreclosed housing inventory

  20. An LIHTC example • 76 units for low-income seniors • 9 units for very-low to extremely-low income seniors Photo courtesy of Eastwind Development Group Evernia Place West Palm Beach, Florida

  21. Dr. Alice Moore Apartments 36 multi-family residential units Provides fully independent housing Photo courtesy of Carrfour Supportive Housing

  22. Later sold and the proceeds used to fund Mango Cove Mango Cove Foreclosure homes purchased with a Palm Beach County Neighborhood Stabilization grant

  23. Alternative housing: some new solutions • Open housing • Accessory dwelling units • Containers • Repurposing existing structures • Micro units

  24. Alternative Housing : Accessory dwelling units ADU “granny flat” or “backyard cottage” City of Raleigh North Carolina

  25. Alternative Housing : Accessory dwelling units

  26. Alternative Housing: Steel Containers • One container housing unit • Shipping container, as seen on trucks, trains, and ships

  27. Alternative Housing : Multifamily Steel Containers Photos courtesy of Crisis Housing Solutions

  28. Alternative Housing: Repurposing Existing Structure Columbus School Apartments Baltimore, Maryland Completed 2014 Kevin Weber Photography courtesy of Quinn Evans Architects, 2018

  29. Alternative Housing : Micro Homes The Dwellings Tallahassee, Florida Space Includes: Kitchen, Bathroom, Living Space and Front Porch Photo by Kara L. Irwin-Ferris, AICP Planning & Engineering Director, City of Greenacres

  30. Advantages of Alternative Housing • Fit into existing neighborhoods • Revitalize old neighborhoods • Increase property values • Near transportation hubs • Homes for singles and small families • Seniors to age in place

  31. Growing Florida housing shortage • Mismatch between rents and wages • For every 100 low-income renters there are only 77 available, affordable rentals • Home sales to non-owner-occupants reduced availability • Limited anti-discrimination enforcement has led to mortgage denial and redlining mortgages to Hispanic and African Americans

  32. Home Matters “What is a home? It’s a place where you keep your possessions; seek safety; raise children; grow old; place where people heal, and more.” Henry Cisneros, former Secretary U.S. Dept. Housing & Urban Development

  33. So what can we do? • Tell our local, state, and national legislators that funding affordable housing is imperative. • Tell Congress that discontinuation of HUD funding programs is unacceptable. • Welcome mixed housing to our neighborhoods. • Create the collective will that assures that all residents have a safe roof over their heads.

  34. THANK YOU! Questions? PowerPoint created by • Affordable Housing Issue Group • League of Women Voters of Palm Beach County

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