The Role of Municipalities in Adapting to Changing Demographics NH Office of Energy & Planning 21st Annual Spring Planning & Zoning Conference May 2, 2015 George Reagan, Administrator, Housing Awareness Program New Hampshire Housing
16% Despite or because of the recession, the median rent continues to increase.
The low vacancy rate and rising rents represent a lack of supply….
Today’s median income of $64,230 is higher than the peak median income in 2008, but when adjusted for inflation New Hampshire workers have not recovered the buying power that was lost during the recession.
And More Senior Renters Renter Households New Hampshire 140,000 History 2010 Base Year 124,598 120,739 2025 120,000 100,000 80,000 60,000 46,053 40,000 26,059 20,000 0 Under Age 65 65 & Older
An Increase in Older Home Owners Owner Households New Hampshire 300,000 282,165 History 2010 Base Year 266,452 2025 250,000 200,000 157,430 150,000 100,000 86,151 50,000 0 Under Age 65 65 & Older
NH Renters Paying 30% or more of Income on Housing by Age Group Renter Households 8,329 Age 15 to 24 years 8,329 14,071 Renter Households 30,811 14,071 Age 25 to 34 years 53,211 Renter Households 30,811 Age 35 to 64 years Renter Households Age 65 years and 11,472 over …but the fastest growing (most intense) need.
1st time home buyers are challenged, delaying entry into the ownership market Millenials preference for renting in a vibrant downtown over homeownership
NH Community Planning Grant Program Round 1 Round 2 Supplemental 21 grants, $535,450 awarded 20 grants, $474,736 awarded Round 5 grants, $ awarded Regulatory Reform Grantees Regulatory Reform Grantees Dover Claremont Alton Dunbarton Deerfield Amherst Dover Enfield Bedford Goffstown Lebanon Bow Hampton Milford Claremont Hampton Falls Concord Hooksett Deerfield Keene Dover Case Studies Laconia Farmington Alton Lebanon Greenfield Bedford Manchester Lancaster Claremont Peterborough Lebanon Dover Portsmouth Litchfield Keene Salisbury Milford Laconia Seabrook Pelham Lancaster Rindge Lebanon Regulatory Review Grantees Salisbury Pelham Amherst Sanbornton Peterborough Farmington Seabrook Salisbury Greenfield Springfield Seabrook Milford Awards in Both Rounds 1 & 2 Rindge Temple
Population: 1,400 “Distinctly Rural” Single family residences and small business More housing choice • Accessory Dwelling Units • Multi-family zoning The “Cross Roads” • Expanded Mixed- Use Village District
Population: 3,500 North Country Thoroughfare Downtown mix of uses in three distinct areas Promote aesthetically pleasing development Form-Based Code for a small downtown
NH Households by Household Bedroom Count in Owner Occupied Units Size 200,000 200,000 180,000 180,000 160,000 160,000 Number of Households 140,000 140,000 120,000 120,000 100,000 100,000 80,000 80,000 60,000 60,000 40,000 40,000 20,000 20,000 0 0 1 2 3 4 5 6 7 Persons In Household 18 Victims of our own success?
Environment Consequences • New Hampshire’s population • Fewer new households, and fewer growth is slowing down families • • Job quality has decreased Overpayment problems for low income renters • Elder overpayment, service needs, • Elders will be increasingly larger aging and mismatched housing share of owners and renters stock • Young home buyers are • Hampered move-up market and challenged pressure on rental market • Recent trend away from ownership • Multi-family production shortages and towards rental • One size solutions won’t apply. • Different problems in different regions • • General public, town officials and Town officials not comfortable business are not aware of issues changing existing regulations. affecting NH’s housing. Local regulations are retrospective.
• 2 out of 5 housing units in NH are more than 40 years old. • Half of the housing units in the West and North Country are more than 40 years old.
NH Seniors Overpaying For Housing, 2009 60% 54% 54% 50% 40% 31% 31% 30% 26% 20% 12% 10% 0% Owners With a Mortgage Owners Without a Mortgage Renters Paying 30% or More Paying 50% or More
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