13500 Net Loss - Arlingtonva
4/24/2015
Housing Affordability is Essential to Our Vision Arlington will be a diverse and inclusive world-class urban community with secure, attractive residential and commercial neighborhoods where people unite to form a caring, learning, participating, sustainable community in which each person is important. CDCAC March 4, 2015
2
1
Why this matters?
Draft Principles
Supports our people
1. Housing affordability is essential to achieving Arlington’s vision. 2. Arlington County government will take a leadership role in addressing the community’s housing needs. 3. A range of housing options should be available throughout the County affordable to persons of all income levels and needs. 4. No one should be homeless. 5. Housing discrimination should not exist in Arlington. 6. Affordable housing should be safe and decent.
• Young families Improves our neighborhoods Strengthens our economy • Seniors • Stability • Competitiveness • Employees • Maintain Diversity • Supports jobs • Investment • Customer transit base • Supporting • Local spending
4
Findings: Affordability Gap
Findings: Supply Inventory of Market Affordable and Committed Affordable Units 2000-2013
20,000 18,000
MARKs up to 60% AMI
16,000
13,500 Net Loss
Housing Units
14,000 12,000 10,000 8,000 6,000 4,000
Committed Affordable Units
2,000
17,000 renter households with incomes below 60% AMI
0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: Arlington County
5
9,500 apartments affordable at or below 60% AMI
1
4/24/2015
Findings: Ownership
Findings: Forecast
Home Sales Prices 2000-2013
Who will live in Arlington in 2040?
Thousands
$900 $800 $700 $600 $500 $400 $300 $200 $100 $0
Low-income individuals and families + 3,700 households with incomes below 30% of AMI + 3,700 households with incomes between 30 and 60% AMI Larger households, including families with children
+ 7,700 households with 3 or more people Seniors + 9,200 households headed by a person age 65 or older Persons with disabilities + 3,900 households that include a person with a disability
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
Condominiums are the housing supply that are somewhat affordable for households with incomes below 120% AMI.
Middle-income families + 5,500 households with incomes between 80 and 120% AMI,
Single-Family Detached Single-Family Attached Condo
Source: GMU/CHP estimates
Source: MRIS
11
11
Affordable Housing Policy Goals
Affordable Housing Master Plan
An adequate supply of housing is available to meet community needs. All segments of the community have access to housing.
9
Affordable housing efforts create a sustainable community.
10
13
Goal 1: Supply
Goal 1: Supply
Rental Objective
Produce and Preserve Rental Housing so that 17.7% of our housing is affordable rental by 2040
Produce and preserve a sufficient supply of affordable rental housing to meet current and future needs.
2000
2013
2040
9%
26%
17.7%
Preserves the economic diversity of households By 2040, 17.7% of the County’s housing stock will need to be affordable to households with incomes at or below 60% AMI.
Affordable Rental (MARKS + CAFs)
Percent of Affordable Rental Housing
22,800 units or 15,800 net new CAFS
=
All Other Housing
Share of Forecasted Renter HH below 60% AMI
15
11
2
4/24/2015
Goal 1: Supply
Goal 2: Access
Ownership Objective Produce and preserve a sufficient supply of affordable ownership housing to meet current and future needs. 28.4% of ownership housing stock added should be affordable for households below 120% AMI 2,700 units Preserves the current economic diversity of households
All segments of the community have access to housing. Objectives 1. Fair Housing 2. Access for lower income households 3. Prevent and End Homelessness 4. Aging in Community 5. Independent Living (Disabilities)
16
Goal 3: Sustainability
17
14
What’s ahead
16
• County Board Work Session - March 10 • Community Forum - March 28
Affordable housing efforts create a sustainable community.
Washington-Lee High School
Objectives 1. Safe and Code Compliant 2. Proximity to Transit 3. Energy and Water Efficiency 4. Long-term Affordability/Feasibility 5. Integration with County Plans
• Commissions review and comment (March-June 2015) • Request to Advertise (June 2015) • County Board Action (July 2015) 18
15
Geographic Distribution of Multi-Family Affordable Housing
13
Help us build a solid foundation for the future of housing in Arlington. housing.arlingtonva.us/affordable-housing-study [email protected]
17
16
3
Housing Affordability is Essential to Our Vision Arlington will be a diverse and inclusive world-class urban community with secure, attractive residential and commercial neighborhoods where people unite to form a caring, learning, participating, sustainable community in which each person is important. CDCAC March 4, 2015
2
1
Why this matters?
Draft Principles
Supports our people
1. Housing affordability is essential to achieving Arlington’s vision. 2. Arlington County government will take a leadership role in addressing the community’s housing needs. 3. A range of housing options should be available throughout the County affordable to persons of all income levels and needs. 4. No one should be homeless. 5. Housing discrimination should not exist in Arlington. 6. Affordable housing should be safe and decent.
• Young families Improves our neighborhoods Strengthens our economy • Seniors • Stability • Competitiveness • Employees • Maintain Diversity • Supports jobs • Investment • Customer transit base • Supporting • Local spending
4
Findings: Affordability Gap
Findings: Supply Inventory of Market Affordable and Committed Affordable Units 2000-2013
20,000 18,000
MARKs up to 60% AMI
16,000
13,500 Net Loss
Housing Units
14,000 12,000 10,000 8,000 6,000 4,000
Committed Affordable Units
2,000
17,000 renter households with incomes below 60% AMI
0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: Arlington County
5
9,500 apartments affordable at or below 60% AMI
1
4/24/2015
Findings: Ownership
Findings: Forecast
Home Sales Prices 2000-2013
Who will live in Arlington in 2040?
Thousands
$900 $800 $700 $600 $500 $400 $300 $200 $100 $0
Low-income individuals and families + 3,700 households with incomes below 30% of AMI + 3,700 households with incomes between 30 and 60% AMI Larger households, including families with children
+ 7,700 households with 3 or more people Seniors + 9,200 households headed by a person age 65 or older Persons with disabilities + 3,900 households that include a person with a disability
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
Condominiums are the housing supply that are somewhat affordable for households with incomes below 120% AMI.
Middle-income families + 5,500 households with incomes between 80 and 120% AMI,
Single-Family Detached Single-Family Attached Condo
Source: GMU/CHP estimates
Source: MRIS
11
11
Affordable Housing Policy Goals
Affordable Housing Master Plan
An adequate supply of housing is available to meet community needs. All segments of the community have access to housing.
9
Affordable housing efforts create a sustainable community.
10
13
Goal 1: Supply
Goal 1: Supply
Rental Objective
Produce and Preserve Rental Housing so that 17.7% of our housing is affordable rental by 2040
Produce and preserve a sufficient supply of affordable rental housing to meet current and future needs.
2000
2013
2040
9%
26%
17.7%
Preserves the economic diversity of households By 2040, 17.7% of the County’s housing stock will need to be affordable to households with incomes at or below 60% AMI.
Affordable Rental (MARKS + CAFs)
Percent of Affordable Rental Housing
22,800 units or 15,800 net new CAFS
=
All Other Housing
Share of Forecasted Renter HH below 60% AMI
15
11
2
4/24/2015
Goal 1: Supply
Goal 2: Access
Ownership Objective Produce and preserve a sufficient supply of affordable ownership housing to meet current and future needs. 28.4% of ownership housing stock added should be affordable for households below 120% AMI 2,700 units Preserves the current economic diversity of households
All segments of the community have access to housing. Objectives 1. Fair Housing 2. Access for lower income households 3. Prevent and End Homelessness 4. Aging in Community 5. Independent Living (Disabilities)
16
Goal 3: Sustainability
17
14
What’s ahead
16
• County Board Work Session - March 10 • Community Forum - March 28
Affordable housing efforts create a sustainable community.
Washington-Lee High School
Objectives 1. Safe and Code Compliant 2. Proximity to Transit 3. Energy and Water Efficiency 4. Long-term Affordability/Feasibility 5. Integration with County Plans
• Commissions review and comment (March-June 2015) • Request to Advertise (June 2015) • County Board Action (July 2015) 18
15
Geographic Distribution of Multi-Family Affordable Housing
13
Help us build a solid foundation for the future of housing in Arlington. housing.arlingtonva.us/affordable-housing-study [email protected]
17
16
3
