PERSPECTIVES O ON T N THE HOUSING A NG AFFORDABILITY Y GAP I AP - PowerPoint PPT Presentation

PERSPECTIVES O ON T N THE HOUSING A NG AFFORDABILITY Y GAP I AP IN T THE R E RICHMOND REGI GION Center for Urban & & Regio ional l Analy lysis is (CURA) a (C A) at V VCU Inter erviews & Surveys o ys of D Decisi sion M Makers, s, Thought L t Lead ader ers & Oth ther S Stak akeh ehol olders Kathryn Howell, PhD John Accordino, PhD, FAICP Richmond, Virginia @

COMMUNITY ENGAGEMENT

COMMUNITY-ENGAGEMENT PROCESS  Interviews with 12 regional experts (Summer/Fall 2014)  Nonprofit housing advocates and service providers  Government agency staff, and  Foundations.  Survey of 162 regional stakeholders (Fall 2014)  Elected Officials  Nonprofit housing advocates and service providers  Government agency staff,  Nonprofit and for-profit developers  Foundations, and  Community-based advocates  November 21 Workshop of 65 local participants

Participants by Sector 3% 7% 6% 26% Government Agency For-profit developer Non-profit developer Community Advocate 14% Elected Official Service Provider Realtor 7% Lender 5% Philanthropy 16% 16%

Why do you think there is a housing affordability gap? 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Land Use/Zoning Economy/Income Institutional Capacity Funding/Financing Public Opinion/NIMBY

Demand-Side Solutions DEPOSIT ASSISTANCE DOWN PAYMENT ASSISTANCE MINIMUM WAGE INCREASE INCREASE JOB TRAINING RESOURCES IMPROVED REGIONAL TRANSPORTATION 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Supply-Side Solutions 80% 70% 60% 50% 40% 30% 20% 10% 0% SITE AFFORDABLE DEDICATED LOCAL LINK AFFORDABLE INCREASE DENSITY REDUCE OR LOAN GUARANTEES HOUSING NEAR JOB FUNDING SOURCE HOUSING ELIMINATE PROFFERS FOR HOUSING CENTERS AND FOR AFFORDABLE PRODUCTION TO DEVELOPMENT TRANSIT HOUSING COMMERCIAL DEVELOPMENT

NOVEMBER 21 WORKSHOP POLICY SOLUTIONS  Improve connecti tions s betw tween tr tran ansp sporta tati tion an and housi sing;  In Increa rease e job job tra rain ining a g and ed educ ucation on opportu tuniti ties; s;  Lin ink afford ordable hous ousin ing and new development; t;  Increas ase densi sity ty;  Grea reater en enga gage gement by y pub ublic lic of offic icia ials ls; a and  Co Community ty l lan and tr trust

RECOMMENDATIONS

APPROACHES TO HOUSING AFFORDABILITY  Develop a flexible, dedicated funding source for affordable housing;  Improve access to the regional transit system, including dedicated funding, expansion, or new service;  Strengthen local and regional coalitions to provide advocacy at the project and policy levels.

APPROACHES TO HOUSING AFFORDABILITY  Prioritize the preservation of existing federally-assisted housing;  Support access to affordable housing through employer-assisted housing programs;  Develop a community land trust to support long term affordable housing;

APPROACHES TO HOUSING AFFORDABILITY  Create incentives or requirements to site affordable housing near job centers

APPROACHES TO HOUSING AFFORDABILITY  Expand by right development through zoning to include:  Mixed-use retail-residential centers;  Accessory Dwelling Units such as granny flats or alley flats; and  Infill multifamily development within the urban core and along commercial corridors.

QUESTIONS?