Community-Wide Housing Strategy Presented to Property Tax Working - PowerPoint PPT Presentation

Community-Wide Housing Strategy Presented to Property Tax Working Group November 21, 2019

A Growing Housing Need In Cincinnati and Hamilton County Poverty, Income & Housing Housing Gap Cost Burden

Since 2 2000: Pover erty +4% Pover erty h has b been en r rising The number of Hamilton County familie ilies i in p poverty grew by 27% between 2000 and 2017. +80% In 2017, 22.4% of families in Cincinnati, and 8% in suburban Hamilton County, were living below the poverty line. U.S. Census Bureau, 2000-2017

Pe Peer Ci Cities Po Popu pulation v vs. Po Poverty Many of Cincinnati’s peer cities saw similar population decreases between 2000 and 2017, but Cincinnati saw higher increases in poverty than these peers. U.S. Census Bureau, 2000-2017

Hous using Co Cost sts Ri Rising C Cost sts f for Re Renters Tenants in both the city and county are seeing their rents go up, even as costs for homeowners fall. OTR/Pen endlet eton on H Hou ousing I Inven entor ory Based on a study by CBI, nearly 3,000 units of affordable housing (or 73% of units affordable at 0-30% AMI) were lost from OTR 2002-2015. A majority of these units were rented to people of color.

Pe Peer Ci Cities Natio ional L l Low-Incom ome H e Hou ousing Coalit litio ion “ “Out o of Reach,” 2 2018 In the Cincinnati metro area, a household must earn $17 pe per ho hour to afford a fair market rate 2-bedroom apartment without being cost- burdened. This is slightly lower than for peer cities, but since minimum wage in Ohio is $8.55, a renter would still need to work 2 f ful ull-tim ime m min inim imum w wage j jobs just to afford a 2-bedroom apartment. Source: NLIHC Out of Reach Report, Ohio, 2019

Re Renter Co Cost st B Bur urden by R Race ce Even en h higher er b burden ens a amon ong Black r ren enter ers In both the city and county, Black renters are more likely to be moderately and severely cost- burdened than Whites or Latinos.

Ex Expir irin ing Un Unit its 2017 H Ham. C . Co. A Affordabilit ility S y Study A snapshot of expected expiration dates as of 2016 shows that 42% of homes kept affordable by HUD contracts are set to expire before 2030. About 72% of LIHTC units are also scheduled to expire before 2030. HUD Picture of Subsidized Households; OHFA LIHTC Database, 2015

Ev Evic ictio ions Hamilt ilton C County E y Evict ictio ion R Report From 2014 to 2017, an average of 12,439 r resid identia ial e l evict ictio ions were filed in Hamilton County. The eviction filing rate (8.7%), or percentage of renter- occupied units that experience an eviction filing, sits well a abov ove t e the nation on’s a aver erage (6.3%). Hamilton County evictions are highly con oncen entrated ed in predominantly Black A l landlord m may d dismi smiss ss neighborhoods. thei eir c case i e if: ● They reach an informal agreement with tenant ● Tenant vacates the premises

Wh Why a a housing ng s strate tegy? The scope + complexity of the problem demands a holistic response. A chance to bring all the stakeholders to the table & build collective capacity. Document that will unify and align advocates’ collective strategies and efforts We want to guide philanthropic dollars, but also municipal policy. Provide specific policy recommendations

Since 4 e 4 th th Quarter 2 2018 Th The w worki king group process: ● Over 250 250 working group participants ● A total of at least 28 28 meetings 17 Community Engagement forums for input 17 ● Narrowed to 5 topi pic a are reas Assessed need and developed a set of over 100 00 recommendations

Overv rvie iew Pr Produc uce Cincinnati and Hamilton County face complex, interlocking housing challenges. These challenges must be addressed via pro rodu duction, preservation, and protec ection.

Proposed Vision Statement: Everyone has access to a spectrum of quality, affordable housing within their neighborhood of choice. Proposed ed Gui uiding Principles es:  Put People First  Promote Choice  Foster Diversity  Advance Equity  Cultivate Collaboration  Challenge the status quo  Confront racist and discriminatory policies and practices

Broad t theme mes a s across w ss working g g groups ups Tenant Right to Increasing Proactive Code e Counsel, ‘Pay to Develop De opment & Enfo nforc Housi rcement + Home sing Q Quality & & Rente ter P Stay,’ and Prote tecti tions Local C Pro rope Capa pert pacity rty Rep epair Grant/Loan Cond nditions ns Landlord/Tenant Mana nagement Program Mediation Capacity Dedicating Inno Permanent Funding nnova vative F Fina nancing g Equit Equitable Introducing Fai le P Productio air ion for the Housi Stre reams sing T Trust Goals & Share re Expectations s & Dist stribution Fund nd

Thes ese a e are b e based ed o on r recurring r recom ommen endation ons... Tenant R Right hts to Increasing Proactive Code e Counsel, ‘Pay to Develop De opment & Enfo nforc rcement + Home Stay,’ and Pro rope pert rty Rep epair Grant/Loan Landlord/Tenant Mana nagement Program Mediation Capacity Dedicating Funding Introducing Fai air for the Housi sing T Trust Share re Expectations Fund nd

Ac Access to to Hom omeow eowner ership

Fou our Key I Idea eas Proactive C Code Pro rope pert rty t tax r relief f for Open ne n new p pathways t to Inc ncre rease coord rdina nation to Enfo nforc rcement combined low-income homeownership through offer one portal for with home repair homeowners, esp. in homesteading and homeownership programs, loans, and rapidly appreciating alternative credit resources, information, incentives for small neighborhoods building strategies and data landlords

New P Prod oduction on

Fou our Key I Idea eas Expand t d the p pool and Stre reamline a appr provals Address w wage g gap by Inc ncre rease by-ri right ht z zoning build the capacity of and waive fees in challenging companies for multifamily small developers, exchange for affordable to pay a living wage development contractors, and units property managers

Affo fordable R Renta ntal Pres eser ervation on

Fou our Key I Idea eas Create a syst system t to flag Combine data-driven en Protect against Change t the na narra rrative ve expi piri ring u g uni nits and offer code de e enforcement with displacement using around affordable incentives for robust home repair tenant legal p prote tections, housing through preservation and programs and access to emergency rent ntal al outreach and rehabilitation loans assi ssistance, and legal a aid information campaigns

Policy & & Zoni ning ng

Fou our Key I Idea eas Ref eform t the zo e zoning c code de Support a tenant to incentivize affordable Dedicate p permanent asso ssociation to educate development through Conduct a “Fair S r Share re fund nding g stre reams to the tenants on their rights density bonuses, Stud udy” and evaluating Housing Trust Fund and and mediate with require in-lieu fees, and progress. set up an ove vers rsigh ght landlords. Adopt new permit accessory board tenant p protections. dwellings

Home melessn ssness ss

Fou our Key I Idea eas Require re affo ffordabl ble Enact tenant p protections Dedicate p permanent Suppo port rt e existing g development in such as a right to fund nding g stre reams to the progr gram ams that are exchange for public counsel, just cause Housing Trust Fund and proven to reduce and land, subsidies, or eviction legislation, and use it to fund deep, prevent homelessness incentives a ‘pay to stay’ ordinance permanent affordability

CoHe Hear

Fou our Key I Idea eas Pursue creative Require re affo ffordabl ble Build p prope pert rty Provide eme merg rgency r rent homeownership development in mana nagement c capa pacity and u utility a assi ssistance to progr gram ams, such as exchange for public and allow (and train) families on the brink of renter equity and co-op land, subsidies, or tenants to invest in their homelessness models, and alternative incentives properties credit histories

4. N Next xt S Steps ps

Tim imeli line 2020 Dec. De Jan. Ja n. Nov ov. Q1 Q1. Prelim limin inary y Fin inaliz lize T Targets, Recom ommen endation ons Recom ommen endation ons Draf aft P Plan an Pres esen ent F Final P Plan Consultants present draft Working groups finalize Plan is drafted and Recommendations, targets and preliminary reports and prioritize presented to steering targets, motivation, and recommendations. recommendations. committee for review implementation strategy Targets are refined. are included in final plan

Revis isio ionin ing Realis listic ically lly, wha hat will this his plan achieve? ● Provide an asses essment ment of current needs ● Establish ke key goal als (with the idea that the City and County can adopt them) Provide a suite of tools ls, policie ies a and f fun undin ing for a range of strategies ●