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Affordable Housing Presentation City f espect and Care I Do the Right Thing Get it Done Aff Tigard TIGARD Affordable Housing City of Tigard r Ik Strategies • Affordable Housing Basics — What, Why, and Who • Barriers • Assessments and reports • Current programs • Legislative workplan Affordable Housing City of Tigard r Ih Strategies What is Affordable Housing? Housing that requires no more than a certain percentage of a household's gross income. e � Affordable Housing TigardCity of 1htrategie s What is Affordable Housing? Percentage of Income Dedicated to Expenditures Housing 30% Other 70% Affordable Housing City of Tigard r Ih Strategies What is Affordable Housing? Alternative Definition — includes costs of transportation for household P. 4w 40Ms do t � Lr r. Affordable Housing TigardCity of 1htrategie s What is Affordable Housing? Percentage of Income Dedicated to Expenditures Housing 30% Other 55% Transportation 15% Affordable Housing City of Tigard r trategie1h s Tigard or Household: CO) Regional Typical 0 Regional Moderate C.) National Typical Income:$60,286 Commuters-1.15 workers Household Site:2.57 people 0 Municipality-Tigard,OR H4-TCosts%Income:52% [1 Fact Sheet + 3s,52+ Block Groups - Mar Housing:30;Tra nsportation:22% _ 34,71,55 42.89 ' 29.04;k Housing r 21.44 .. .. - 19.90% 2341 99.69% 27.13% 37.76% 29.80% 24.14% 34.13 3$.08' --�= 35.30% ,I .... 352 2+).44% - 9.$.91% .33.73% Housing Costs95Income Average:30'% Range:17-53 31.02% 19.89 16.74% 4031% 28 40. . Population Household Neighborhood 26,28 X, f rl l Households %of Households 36.52% 28'40 : A� 16-24% 2,468 12.3% 30.8,0% 24-30% 9,617 47.7% I I E 30-36% 3,760 18.7% 38:3895 56-44% 3,509 17.9% 33.02% 44-52% 0 0% 20.47% 28.79% 25.69% 52-58% 691 3.4% 58%+ 0 0% Total 20,145 100% 'GS 36.15% • • - 19.49% 7561 Map data 021117 Grwgle Terms of flee I Report a map ertar Housing Costs%Income =16% 16-24% 24-30% 0,30-36% ■36-44% M44-52% /52-58% 1958%1- Affordable Housing TigardCity of 1ktrategie s tigard or Household: * Regional Typical 0 Regional Moderate 0 National Typical Income:$60,2&6 commuters:115 vuorkers Household5iae:2-57people ► Municipality:Tigard.CR H+T Costs%Income:52% [;Fact Sheet + 58,66% Black Groups S.reets+Transit Map Satellite Housing:30�iTransportation:22% 64.38% 58.49% 52.1,S% Housing+Transportation Costs%Income D 53.94% 38.24% 1.21 48.32% 4233 9 54.4 % 41.07% 49.12% 51.17% 63.18% - 44,62% .I ISI„ I ■ 59.1596 I 5.. . i. 51.23% - 3T67% 57.31% Housing+Transportation Costs%Income Average:52% Range:36-7& 54,47% 37.84% 3539% Population Household Neighborhood 4756%. 92% 48.70 59.36% Households %of Househod-= e 24% 0 0% 24-35% 421 2.1% 54.52% 49.95% s 36-45% 2,676 13.3% 0 45-54% 9,196 45.7% 54-66% 6,848 34% ;55c 66-78% 1,003 5% 42.159§ 49,43% 49,42 95 78-87% 0 0% 87%+ 0 0% - Total 24,144 100% '% ,64% 61.09% ••r - 4138% Map data @2U17 Google Terms of Uee I Reporta map ertar Housing+Transportation Costs%,Income 24% 24-36% 36-45% N45-54% I!1154-66a 1111166-78o x,76 o- 0:-:-- Affordable Housing City 0 r'"igard r I,- 6� _ � Strategies Who most needs affordable housing? Households making less than the Median Family Income ( MFI ) . Median Household Income Inflation-Adjusted,PCE Deflator $60,000 United States $55,000 — $50,000 $45,000 - Oregon $40,000 $35,000 1969 1979 1989 1999 2009 2015 Oregon 22% 04/ 93/ 26% 35h 29% VS U.S. 1 N [ °°) l °�► ( 1 i °f 11 Data:1970,1980,1990,2000 Decennial Census,2005-2015 American Community Survey,Inflation adjustment uses the Personal Consumption Expenditure(PCE)deflator I Source:BEA,Census,Oregon Office of Economic Analysis Affordable Housing TigardCity of 1ktrategie s FY 2017 HUD Income Limits Tigard MFI = $74,687 4 person Maximum household monthly rent Low Income 80% MFI $59,750 $1494 Very Low Income 50% MFI $37,350 $934 Extremely Low Income 30% MFI $24,600 $615 Median rent in Tigard is $999 according to the 2015 American Community Survey. More than 55% of renting households are paying in excess of 30% of their income in rent. Affordable Housing TigardCity of . Strategies Who needs affordable housing? Minimum wage in Oregon is $9.75 an hour. I f A full-time worker making minimum wage will earns ., approximately $ 19,500 per year. - This worker is below the extremely low income , threshold, and can afford no more than $488 per month in rent. Affordable Housing TigardCity of 1htrategie s Who needs affordable housing? The maximum monthly SSI benefit is $735 for an . , individual or $ 1103 fora y4 couple . -: Income in households withr elderly or disabled members is not likely to keep pace with market growth . Affordable Housing City of Tigard r Ih Strategies Barriers to Affordable Housing Regulatory • Development Criteria • Zoning Finance • Funding Gap • High Land Prices Affordable Housing City of Tigard r trategie s Opportunities and Tigard challenges for equitable Affordable housing Housing Strategies — 2002—2016 � o A Population and Housing Review � gab ,:'v2 Housing Strategies Report „S y I li'�� r�■ �� I s — moi.. - Ij�I I 11 ` r�il:?i qr0;17s r. Metro I'Waking a great place Affordable Housing City of Tigard r Ilk Strategies Current City of Tigard Programs Direct Support • Low-Income Non-Profit Housing Tax Abatement Indirect Support • Support for Good Neighbor Center 0 CDBG Improvements Affordable Housing TigardCity of 1htrategie s Tigard Triangle Lean Code - - • Streamlines development process • Encourages walkable mixed-user 4 eA neighborhoods • Allows for incremental development - 1 � 9 • Removesarkin requirements {� g q r • Sets stage for transit-oriented X231 g r development fi Affordable Housing TigardCity of Ih S trategie s Tigard Triangle Urban Renewal Funds • Opportunities for subsidy for housing through urban renewal funds. tv tt ry Eggs 71 Affordable Housing City of Tigard r Ih Strategies Southwest Corridor Metro Equitable Housing Grant • $50,000 - predevelopment analysis for the Southwest Corridor to mitigate displacement • identify opportunity sites for housing relocation and preservation; • develop a funding analysis to support an anti- displacement strategy • engage with affordable housing residents on equitable solutions. Affordable Housing TigardCity of 1htrategie s Legislative Workplan Updates to Development Code • "The Missing Middle" • Accessory Dwelling Units • Cottage Clusters �� J. h e� p7]: 1YD37 t - � = ■ / � t �.'.1 .�'' - al 7]977a7a7 � xa= n a�a*7�s. aa7�a��t. _. gain -s' ■. - ,III MID—RISE f� MULTIPLEX LivEluJORK ARD BUNGALOW TOWNI�DU§E � DETACHED SINGLE—FAMILY UPLEx FSR LEk APARTMENT ouR 1171�LE uDU I'N s40MES {.,,,&N Affordable Housing City of Tigard r Ih Strategies Legislative Workplan Senate Bill 1051 • Clear and objective standards for review • Shortened review timeline for certain types of affordable housing • Detached Accessory Dwelling Units 0 Housing at places of worship Affordable Housing City of Tigard r Ik Strategies Questions ?