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Home My WebLink AboutSupplemental Materials - Ad Hoc Housing Committee - 09/17/2020 - PowerPoint Presentation1Ad Hoc Housing Council Committee September 17, 2020 Ad Hoc Agenda 2 1.Call Meeting to Order 2.Approval of August 20, 2020 Minutes 3.Agenda Review 4.Discussion: Housing Strategic Plan & Existing Conditions Document a.Guest Speakers b.Draft Existing Conditions Document c.Discussion and Q&A 5.Next Steps a.Process Check-in a.Feedback on Pre-work b.Process Overall b.Reflection on Priority Topics c.Next Meeting Focus Housing Plan Outline Summer 2020 –February 2021: Housing Plan Vision Existing conditions (quantify problem/need) Goals and Strategies Targeted policies for all housing levels Framework to evaluate impact Align with community goals, e.g., affordable housing, carbon neutrality, and more Guiding Principles & Prioritization Spring 2021: Implementation Plan Timelines, roles, indicators, costs, etc. 3 Source: Authorstech Draft Vision 4 Everyone has healthy, stable housing they can afford Guest Speakers & Discussion 5 Speakers: •Julie Brewen, CEO, Housing Catalyst •Kendra Diede, Human Resources, Advanced Energy •Landon Hoover, President, Hartford Homes •John Williams, CEO, Advance Energy Discussion Prompts: •Introduce yourself and provide an overview of your experiences with housing in Fort Collins •If there were one or two housing challenges you’d like to see the community tackle, what would those be? •What housing-related solutions have you seen in other communities you think we should test or consider in Fort Collins? What is the Existing Conditions Assessment? 6 •Status of housing market in Fort Collins •Starts the conversation •Sets foundation for Housing Strategic Plan •Equity and Inclusion •Data •Our Biggest Challenges •Remaining Questions •Living document Studies we Drew From •Affordable Housing Strategic Plan (2015-2019) •Housing Affordability Policy Study (HAPS) •Trends and Forces Report (Existing Conditions for CityPlan) •Gaps Analysis, Housing and Poverty Sections •Consolidated Plan 7 http://digital.denverlibrary.org/cdm/singleitem/collection/p16079coll39/id /902/rec/2 https://www.historycolorado.org/story/colorado- voices/2019/01/29/seeing-red-unethical-practice-redlining-pueblo Historic Obstacles: Redlining Historic Obstacles: Restrictive Covenants 9Slade Acres, 1948 (south of Mulberry at Sheldon Lake) -Restrictive Covenants Historic Obstacles: Land Use Decisions 10Hang Your Wagon to a Star (2003 Advance Planning report, City of Fort Collins), Page 9 There are still health and equity disparities in Fort Collins, and the places where inequities are most pronounced are also places that are likely to change dramatically over the next 20 years. Some of these changes could improve access to housing, jobs, transportation, and services but could also contribute to higher housing costs and/or displacement. But that was decades ago…right? City Plan, City of Fort Collins (2019) $0.00 $200.00 $400.00 $600.00 $800.00 $1,000.00 $1,200.00 $1,400.00 $1,600.00 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Median Price Single-Family Homes Median Price Townhome / Condo Median Income Median Rent Challenge 1: Price escalation impacts everyone & disproportionately impacts BIPOC households $67,732 $58,459 $52,078 $51,233 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 White alone, not Hispanic or Latino Asian Hispanic or Latino Black or African American Challenge 1: Price escalation impacts everyone & disproportionately impacts BIPOC households 17.26% 16.11% 21.49% 22.45% 24.65% 20.09% 29.41% 19.57% 0% 5% 10% 15% 20% 25% 30% 35% Total population White Hispanic/Latinx Black or African American American Indian and Alaska Native Asian Some other race Two or more races Po v e r t y R a t e Challenge 1: Price escalation impacts everyone & disproportionately impacts BIPOC households Challenge 2: Current incentives and financial resources are insufficient for meeting our affordable housing goals Current # of Housing Units 70,962 Current inventory of affordable units 3,534 % of housing units affordable 5% 2020 Goal –6% of housing stock affordable 4,242 housing units Unit deficit 708 Challenge 2: Current incentives and financial resources are insufficient for meeting our affordable housing goals Annual City funding for affordable housing $2,000,000 -$3,000,000 Median average direct subsidy per unit $38,970 Yield per year 38 –77 units Annual production goal 228 units Unit deficit per year 151 Amount of investment needed to catch up $27,590,760 Investment needed per year to meet goals $8,885,160 0 20,000 40,000 60,000 80,000 100,000 120,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Housing Units Jobs Challenge 3: Job growth continues to outpace housing growth 28% Increase 16% Increase Challenge 3: Job growth continues to outpace housing growth Challenge 4: The cost of development continues to rise Challenge 4: The cost of development continues to rise Challenge 5 21 Addressing the entire housing spectrum will require new tools and processes •Existing Affordable Housing Strategic Plan (2015-2019) focuses on households at or below 80% Area Median Income (AMI) only •Existing financial tools target households 80% AMI and below •CDBG/HOME funds •LIHTC •City policies are not targeted to address households above 80% AMI •Middle income households increasingly cost burdened Remaining Questions 22 •What will the lasting effects of COVID-19 be? •How will housing policies evolve to address health and stability -particularly for renters -in addition to affordability? Average of 33 households assisted prior to the pandemic; post pandemic has ranged from 138 to 192 households per month; Source: Neighbor to Neighbor Source: 2020 Social Sustainability Gaps Analysis Our Biggest Challenges 1.Price escalation disproportionately impacts BIPOC households 2.Current incentives and financial resources are insufficient for meeting our affordable housing goals 3.Job growth continues to outpace housing growth 4.The cost of development continues to rise 5.Addressing the entire housing spectrum will require new tools and processes Remaining Questions 1.What will the lasting effects of COVID-19 be? 2.How will housing policies evolve to address health and stability -particularly for renters -in addition to affordability? 23 Our Biggest Challenges & Remaining Questions 24 Discussion and Question/Answer Process Check-in 25 Commitment made to check-in on process and content Discussion Prompts: •What feedback do Councilmembers have on the pre-work? •What feedback do Councilmembers have on the process overall? •Any adjustments for the October meeting? Priority Topic Reflection 26 14 Topics Prioritized Linkages to other topics as well •Systemic racism and housing •Applying an equity lens •Displacement and gentrification •Differing perceptions of density and NIMBY •Preserving existing affordable housing •Public/private partnerships or Innovative Partnerships •Dedicated funding source •“Missing Middle” Housing Types •ADUs and Tiny Homes •Expanding home ownership •Demand-side strategies, e.g., livable wage •U+2, Rental licensing, tenant protections •City Goals and Alignment, e.g., climate action •City’s financing tools, e.g., CDBG & CCIP •Nexus of economic policies and housing affordability 2020 Next Steps 27 Source: Aubrey Davis Park Master Plan Plan •Existing Conditions (Sept) •Community engagement (Oct -Nov) •December 8 Work Session -Goals, strategies, & guiding principles -Plan outline Action •Manufactured housing •Metro Districts 28 BACKUP 29 Housing Affordability Along the Income Spectrum AMI 0% Below 80% AMI is City’s Definition of Affordable Housing 80% $69.7K/yr 200%100% $87.2K/yr 120% $105K/yr $415K Market Housing $320KPurchase Price Goal is defined by AHSP (188-228 units/year) Fewer attainable options are available to Middle Income Earners Goal is harder to define & City influence may be outweighed by market forces Draft Vision & Existing Conditions Engagement Roadmap 30 Q3 2020 Q4 2020 Q1 2021 Q2 2021+ Community Summit Prioritized Strategies February Adoption Plan & Council Review Draft Plan En g a g e m e n t Op p o r t u n i t i e s Goals & Strategy ID, Guiding Principles He r e A M JJASONDJFM Prioritize Strategies: Collaborate Education, Policy 101: Inform, Involve Community Questions: Collaborate Summarize: Inform Recap: Inform Existing Conditions Vision, Goals, Strategy ID and Evaluation Plan Implementation Plan Act, Evaluate* Ap p r o a c h Fall Community Engagement Focus: Key Plan Milestones Vision (Sept/Oct) Goals, Strategies, & Guiding Principles (Nov/Dec) 31 How: Remove Barriers & Build Relationships Language Justice, Spanish/English Policy 101 Partner-led conversations and events Connect policy & plan to lived experience Click to add text Updates and Newsletters: https://ourcity.fcgov.com/home2health Community Questions 32 Question #1:Based on your experience, do these challenges [from existing conditions] reflect what you know about housing in Fort Collins? Question #3: What needs to change to address these challenges? Question #4: Who can help make the change needed? Question #2: How do these challenges affect you and our community more broadly? Follow up: What resources have helped you or people you know address these challenges? Question #5: What do you wish decision makers understood about your experience with housing? Question #6: How would you like to engage in the future?