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

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

Oct 03, 2023 339 likes •491 views

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

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Center for Urban & & Regio ional l Analy lysis is (C (CURA) a A) at V VCU

Kathryn Howell, PhD John Accordino, PhD, FAICP

PERSPECTIVES O ON T N THE HOUSING A NG AFFORDABILITY Y GAP I AP IN T THE R E RICHMOND REGI GION Inter erviews & Surveys o ys of D Decisi sion M Makers, s, Thought L t Lead ader ers & Oth ther S Stak akeh ehol

  • lders

Richmond, Virginia

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COMMUNITY ENGAGEMENT

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 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

COMMUNITY-ENGAGEMENT PROCESS

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26% 7% 16% 16% 5% 14% 6% 7% 3%

Participants by Sector

Government Agency For-profit developer Non-profit developer Community Advocate Elected Official Service Provider Realtor Lender Philanthropy

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Why do you think there is a housing affordability gap?

Land Use/Zoning Economy/Income Institutional Capacity Funding/Financing Public Opinion/NIMBY

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

IMPROVED REGIONAL TRANSPORTATION INCREASE JOB TRAINING RESOURCES MINIMUM WAGE INCREASE DOWN PAYMENT ASSISTANCE DEPOSIT ASSISTANCE

Demand-Side Solutions

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0% 10% 20% 30% 40% 50% 60% 70% 80%

SITE AFFORDABLE HOUSING NEAR JOB CENTERS AND TRANSIT DEDICATED LOCAL FUNDING SOURCE FOR AFFORDABLE HOUSING LINK AFFORDABLE HOUSING PRODUCTION TO COMMERCIAL DEVELOPMENT INCREASE DENSITY REDUCE OR ELIMINATE PROFFERS LOAN GUARANTEES FOR HOUSING DEVELOPMENT

Supply-Side Solutions

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 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

  • n opportu

tuniti ties; s;  Lin ink afford

  • rdable hous
  • usin

ing and new development; t;  Increas ase densi sity ty;  Grea reater en enga gage gement by y pub ublic lic of

  • ffic

icia ials ls; a and  Co Community ty l lan and tr trust

NOVEMBER 21 WORKSHOP POLICY SOLUTIONS

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RECOMMENDATIONS

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 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

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 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

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 Create incentives or requirements to site affordable housing near job centers

APPROACHES TO HOUSING AFFORDABILITY

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 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.

APPROACHES TO HOUSING AFFORDABILITY

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QUESTIONS?