HOUS USING & & ECO ECONOMIC DEVE VELOPMEN PMENT STRATEG - PowerPoint PPT Presentation

HOUS USING & & ECO ECONOMIC DEVE VELOPMEN PMENT STRATEG EGIC IC P PLA LAN City o of T Takoma P Park, Ma Maryland Disc scus ussio ion o n of H Housing ing G Goals, , Strateg egies es, O , Objec jectiv ives es a and Indic icators October 2 29, 2018

DI DISCU SCUSSION PO POINT NTS ■ Overview Strategic Plan Process ■ Vision - A Livable Community for All ■ Housing Goal ■ Strategy ■ Objectives ■ Indicators

STRA TRATEG TEGIC PLA LAN Development ent o of Strat ateg egic Pl Plan an ■ November 2016 Request for Proposals Issued ■ March 2017 Contract Executed ■ April – Nov 2017 Data Analysis Community Survey Stakeholder Interviews Public Comment Solicitation ■ June 2017 Listening Session ■ September 2017 Data Analysis Completed SWOT Report Completed ■ October 2017 Strategic Plan Presentation ■ November 2017 Open Houses ■ February 2018 Housing Forum ■ October 2018 Council Discussion

VISIO ISION: : A A LI LIVABLE BLE COMMUNIT ITY Y FOR ALL R ALL A com ommunit munity t that pro rotects the he ri rights of of all re ll residents; provi vides opportunit itie ies t s to all r regar ardl dless ss of of age, r , race, e , ethnicity, c , citizenshi hip s status, o , or a abili lity; y; maintain ains s and enha hances t the he p phys ysical c cha hara racteristics of of its s resid sidential a and c comme mercial ial n neighborhoods; ds; a and is is sust stain ainab able, a accessib ssible, a and affordab able a all a across s ss socio ioeconomic ic g groups. ps.

HO HOUSING GOAL To ensure that a range of safe, quality, affordable and stable housing options and opportunities are available to all residents in neighborhoods throughout the community.

HO HOUSING STRA TRATEG TEGY The City Council supports and advocates for a coordinated housing strategy which ■ encourages the development and preservation of a diverse range of housing that is affordable for residents across all income levels and in all neighborhoods; ■ facilitates public and private investment in the development of character-rich, walkable neighborhoods; and ■ provides housing which appeals to a broad range of residents including young adults, first time homeowners, families with children, seniors seeking to age in the community, and individuals with disabilities.

HO HOUSING ■ Create homeownership and OBJEC ECTI TIVES ES rental opportunities in character-rich, walkable Support of actions by public, neighborhoods throughout the private and nonprofit partners community; ■ Maintain the long term affordability and physical condition of the existing housing stock;

HO HOUSING OBJEC ECTI TIVES ES ■ Offer a variety of housing types for a diverse demographic; ■ Facilitate moderate and higher density infill development and mixed use residential redevelopment; and

HO HOUSING ■ Advocate for local, county and OBJEC ECTI TIVES ES state decisions, policies, legislation, regulations and funding in support of these objectives.

INDI NDICATORS We will know we are successful in meeting our housing goal and objectives when: Objective: : Home meown wnersh ship ip and nd r rent ntal housing o oppo pportunities ar are a avail ailable in in cha hara racter ri rich, w walkab able n neighborhoods t ds throughout t the commu munit ity.  % increase in homeownership rates in Ward 4 and Ward 5  % increase in rental housing rates in Ward 1, Ward 2 and Ward 3  % increase in walkability scores Time Frame: 2019-2030 

INDI NDICATORS We will know we are successful in meeting our housing goal and objectives when: Objective: M : Maintenance o of the l long term a affordab abil ilit ity a and physic sical al c condit itio ion o of the exist istin ing h housin ing stock. ck.  % reduction in the percentage of housing cost burdened home owners  % reduction in the percentage of housing cost burdened renters  % of housing units priced at affordable levels based on % of AMI % reduction in the number of vacant housing units  % reduction in the number of property maintenance code violations in multi-  family rental facilities  % increase in the number of biennial rental housing licenses issued  Time Frame: 2019-2030

INDI NDICATORS We will know we are successful in meeting our housing goal and objectives when: Ob Object ctive: A Acces ccess to a a var ariety o of housing t type pes wh whic ich ar are at attractive t to a a divers rse demograph aphic ic. % increase in the number of three and four bedroom rental units   % increase in the number of accessory dwelling units % increase in the number of registered owner occupied group houses   % increase in the number of townhouse units ■ Time Frame: 2019-2030

INDI NDICATORS We will know we are successful in meeting our housing goal and objectives when: Objective: M : Modera rate an and d hig igher de density in infill de development an and d mix mixed u use se residential l redevelop lopment  ____ new housing units in high-rise, higher density residential and mix-use developments located within the New Hampshire Avenue Corridor in Ward 2, Ward 3, and Ward 6  ____ new housing units in mid-level, moderate density residential and mixed- use developments in Wards 5 and 6 Time Frame: 2019-2030 

INDI NDICATORS We will know we are successful in meeting our housing goal and objectives when: Obje jective: A Adv dvan ancement o of housing g goal al t through adv advocac acy  % of annual operating budget is set aside for housing affordability  $ invested by local, regional, state and federal partners ■ Time Frame: 2019-2030

NEXT S EXT STEP TEPS ■ Establish Indicators ■ Develop Implementation Plan ■ Adopt Resolution Adopting Housing Strategies and Implementation Plan

City of Takoma Park, Maryland Housing and Community Development Department takomaparkmd.gov/initiatives/project-directory/housing-and-economic-development-strategic-plan housing@takomaparkmd.gov