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INTRODUCTION Background: In December 2018, at the request of the - PowerPoint PPT Presentation

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INTRODUCTION Background: In December 2018, at the request of the County Manager, an employee housing survey was conducted to identify opportunities for development of employee housing incentives. Methodology: The survey was distributed

  2. INTRODUCTION • Background: In December 2018, at the request of the County Manager, an employee housing survey was conducted to identify opportunities for development of employee housing incentives. • Methodology: The survey was distributed via email to all employees of Arlington County (AC) and Arlington County Public Schools (ACPS). • Response: A total of 1,921 employees responded to the poll, including 869 AC employees and 1,052 ACPS employees.

  4. AGE RANGE Answered: 1,918 Skipped: 3 • 41% of respondents were between the ages of 35 and 48. • 31% were between the ages of 21-34.

  5. TOTAL GROSS HOUSEHOLD INCOME Answered: 1,913 Skipped: 8 • 30% of respondents report a household income of $141,000+ • 16% have income between $81,000-$100,000 and 16 percent report a household income below $61,000 Note: Area median income for a household of four: 80%= $93,000 and 120%= $140,000

  6. HOUSEHOLD SIZE Answered: 1,914 Skipped: 7 • Half of AC and APS employee respondents live in two- or three- person households • 30% live in four- to six-person households • 16% of respondents are single person households

  7. CHILDREN UNDER THE AGE OF 18 Answered: 1,915 Skipped: 6 • 56% of respondents have no children under the age of 18 • 38% have 1-2 children under the age of 18

  8. ARLINGTON COUNTY EMPLOYMENT Answered: 1,917 Skipped: 4 • 25% have worked for the County 2-5 years • 26% have worked for the County 11-20 years • 17% have worked for the County less than 2 years

  9. HIGHEST RESIDENCY CITIES AMONG RESPONDENTS Answered: 1,917 Skipped: 4 44% live in Arlington County 12% live in Alexandria 6% live in the city of Falls Church

  11. AFFORDABILITY Percentage of income spent on housing (more, less or at 30%) • About 55% of respondents say they spend more than 30 percent of their income on housing costs (rent/mortgage, taxes, HOA fees). • 26% say they spend about 30% of income on housing expenses. • 24% have had to move out of a residence within the past 5 years due to lack of affordability.

  12. AFFORDABILITY Occupancy of Respondents Owners: 60% Renters: 40% Arlington renters. Of the current Arlington renter respondents (25% of total), 16% indicate they are likely to leave Arlington for a community that better suits their financial needs. All renters. 41% of renter respondents would like to purchase a home in Arlington in the near future. However, 41% of those who would like to purchase do not expect to find a home they can afford.

  13. HOUSING PROGRAMS 11% have 2% have 25% say they will previously previously apply for LWYW applied for and/or MIPAP in the applied future LWYW for MIPAP Live Where You Work (LWYW) Home Purchase and Rental grants provided to eligible employees Moderate Income Purchase Assistance Program (MIPAP) First-time homebuyer down payment assistance loan

  14. Common themes Open-ended response

  15. Homeownership • Eliminate 1st time homebuyers requirement • Increase income limits to 120% AMI • Increase or eliminate maximum purchase price (beyond $500K) • Down payment match program • Employee Real Estate Tax Relief Rental • Ongoing rental stipends to LWYW • Rent reduction for employees- to allow them to save for purchase. • Partner with more apartments to provide rent reductions Other • Eliminate parking costs for employee vehicles

  16. Akeria ia Brown Department of Community Planning, Housing and Development asbrown@arlingtonva.us

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