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HomeMy WebLinkAboutAgenda_HAB_09.16.2018Notice of Meeting for the Housing Adv isory Board Cancellation of the City of Georgetown January 16, 2018 at 3:30 PM at Historic Light and Waterworks Bldg, 406 W. 8th Street Georgetown, TX 78626 The City o f G eo rgeto wn is committed to comp lianc e with the Americans with Dis abilities Ac t (ADA). If yo u req uire as s is tanc e in participating at a p ublic meeting d ue to a disability, as d efined und er the ADA, reas onab le as s is tance, ad ap tatio ns , or acc o mmo d ations will b e provid ed up o n req uest. P leas e c o ntact the City Sec retary's Office, at leas t three (3) days prior to the sc hed uled meeting d ate, at (512) 930-3652 o r City Hall at 113 Eas t 8th Street fo r add itional info rmation; TTY us ers ro ute through Relay Texas at 711. Regular Session (This Regular S es s io n may, at any time, b e rec es s ed to convene an Exec utive S es s io n fo r any p urpose authorized b y the Op en Meetings Act, Texas Go vernment Co d e 551.) A This meeting has b een cancelled d ue to inc lement weather. Public Wishing to Address the Board On a sub ject that is pos ted on this agend a: Pleas e fill out a speaker regis tration form which c an b e found at the Bo ard meeting. C learly p rint yo ur name, the letter o f the item o n which yo u wis h to s p eak, and present it to the Staff Liais o n, p referab ly p rio r to the s tart of the meeting. You will be called forward to speak when the Board cons id ers that item. On a sub ject not pos ted on the agend a: Pers ons may add an item to a future Bo ard agenda b y filing a written req uest with the S taff Liaison no later than one week prior to the Board meeting. T he req uest mus t inc lude the s p eaker's name and the s p ecific to p ic to b e ad d res s ed with sufficient information to info rm the b o ard and the p ublic . For Board Liais on c o ntact info rmatio n, pleas e lo gon to http://go vernment.georgetown.o rg/category/b o ard s -commissions /. B As of th e d ea d lin e, n o p ersons were sign ed up to sp ea k on items other than those p osted on the a g enda. Legislativ e Regular Agenda C Co nsideration and possible actio n to approve the minutes fro m the Dec ember 18, 2017 meeting. Karen Fro s t, Rec o rd ing S ecretary D Pres entatio n and d is cus s io n o f ho using affordability terms and d efinitions . Sus an Watkins, AICP, Hous ing Co o rd inator E Pres entatio n and d is cus s io n o f regio nal ho us ing characteris tic s and c os ts to own a ho me. Sus an Watkins , AICP, Ho us ing Coordinator F Pres entatio n and d is cus s io n o f three Polic y To o lkit examp les . Sus an Watkins , AICP, Hous ing Co o rdinator Adjournment Page 1 of 49 CERTIFICATE OF POSTING I, Shelley No wling, C ity S ecretary fo r the C ity of Geo rgeto wn, Texas , d o hereby c ertify that this Notice of Meeting was p o s ted at City Hall, 113 E. 8th Street, a p lace read ily acc es s ible to the general p ublic at all times , on the ______ d ay o f __________________, 2018, at __________, and remained so p o s ted fo r at leas t 72 c o ntinuo us ho urs p receding the sc heduled time o f s aid meeting. ____________________________________ S helley No wling, City Sec retary Page 2 of 49 City of Georgetown, Texas Housing Advisory Board January 16, 2018 SUBJECT: This meeting has been c anc elled due to inclement weather. ITEM SUMMARY: FINANCIAL IMPACT: . SUBMITTED BY: Karen Fro s t, Rec o rd ing S ecretary Page 3 of 49 City of Georgetown, Texas Housing Advisory Board January 16, 2018 SUBJECT: Cons id eration and p o s s ib le ac tion to approve the minutes from the Decemb er 18, 2017 meeting. Karen Frost, Rec o rding Sec retary ITEM SUMMARY: FINANCIAL IMPACT: None SUBMITTED BY: Karen Fro s t, Rec o rd ing S ecretary ATTACHMENTS: Description Type HAB_Minutes _12.18.2017 Backup Material Page 4 of 49 Housing Advisory Board Page 1 Minutes December 18, 2017 City of Georgetown, Texas Housing Advisory Board Minutes December 18, 2017, at 3:30 p.m. Historic Light and Waterworks Building, 406 W. 8th Street Georgetown, Texas 78626 Members present: Brenda Baxter, Vice Chair; Randy Hachtel; Brian Ortego; Nikki Brennan; and Lou Sneed Members absent: Harry Nelson Staff present: Charlie McNabb, City Attorney; Sofia Nelson, Planning Director; Nat Waggoner, Long Range Planning Manager; Susan Watkins, Housing Coordinator; Karen Frost, Recording Secretary Call to Order by the Brenda Baxter at 3:35 pm. with reading of the meeting procedures. Public Wishing to Address the Board A. As of the deadline, no persons were signed up to speak on items other than those posted on the agenda. Legislative Regular Agenda B. Presentation and discussion of municipal linkage fees. Susan Watkins, Housing Coordinator Charlie McNabb, city attorney, explained this issue. Texas Legislature recently voted that cities cannot impose linkage fees – a fee that is imposed as an additional fee that goes into a special fund for affordable housing. He explains that Georgetown is a Home Rule City and we can do what we want as long as it does not go against, or inconsistent with the Constitution of the State or against legislation. Permitting fees must relate to the actual permit. This applies to any residential fees. C. Consideration and possible action to approve the minutes from the October 16, 2017 meeting. Karen Frost, Recording Secretary Motion by Hachtel, second by Ortego to approve the minutes as presented. Approved 5 – 0 – 1 (Nelson absent.) D. Presentation and discussion of the updated demographics from pages 7-9 of the 2012 Housing Element. Susan Watkins, Housing Coordinator Watkins presented new data: • The Fair Market Rents for Williamson County are: 2010 - $954 (2 bedroom) and 2017 - $1,195 (2 bedroom) In Williamson County, the Fair Market Rent (FMR) for a two- bedroom apartment is $954. In order to afford this level of rent and utilities, without paying more than 30% of income on housing, a household must earn a monthly income of $3,180. Assuming a 40-hour work week, 52 weeks per year, and this level of income translates into a Housing Wage of $18.35 per hour. In order to afford the Page 5 of 49 Housing Advisory Board Page 2 Minutes December 18, 2017 FMR for a two-bedroom apartment, a minimum wage earner (making $7.25/hour in 2008) must work 101 hours per week, 52 weeks per year. Or, a household must include 2.53 minimum wage earner(s) working 40 hours per week year-round in order to make the two-bedroom FMR affordable • The hourly wage needed to afford the HUD Fair Market Rents is: 2010 - $3,180 = $954/30% ($3,180*12)/2080 = $18.35 And 2017 - $3,983 = $1,195/30% ($3,983*12)/2080 = $22.98 • 4,886 Single family building permits 2010-2017 3,894 homes under construction* (Development pipeline as of 03/2017) o 9,085 homes planned* • 2,236 Multifamily units added since 2010 • 310 LIHTC units approved in 2016, built by 2018 • How are we serving these populations? Seniors, Senior and low income, low income non-senior and workforce: • 39.5% of Georgetown households made less than $50,000 Source: 2015 ACS 5 year estimate – Table B19001 • 29.2% of all households were paying more than 30% of income for housing (2010- 2014) • Watkins and Waggoner explained showed the percentage of job types and presented their annual salaries, from the 2016 Workforce Analysis data. • Georgetown: $268,000 Median Sales Price $310,972 Average Sales Price Source: Texas A&M Real Estate Center Housing Activity for Local Service Area Georgetown (Austin BoR) September 2017 Board members discussed all these facts and asked clarifying questions. It was discussed that zoning classifications drive many of the rental unit numbers. It was also discussed the difference between owner occupied properties and rental properties. Page 6 of 49 Housing Advisory Board Page 3 Minutes December 18, 2017 Watkins explained the difference between subsidized apartments and those that are not subsidized but they still fall into the rental unit numbers. They also discussed the need between rental apartments, and single family residences that are affordable. The 30% rule is being discussed as a realistic number for this area. The Housing Authority allows up to 40% of income to be spent on utilities and rent. The Housing Plan calls out 30% but this will be brought back for more discussion. The Board asked for and Watkins will report back with: a definition of Workforce Housing and Low Income Housing, the definition of Affordability, area cities’ percentages of single family homes versus multi-family homes, the hourly salary needed to own home, the price range for the 3,894 single family homes identified as being built in Georgetown. She was also asked to compare workforce housing standards to multi-family standards and review the Community Impact newspaper numbers that were recently published. E. Presentation and discussion of the 2012 Housing Element recommendations. Susan Watkins, Housing Coordinator Watkins presented the following recommendations: High Priority (1 to 5 years) 1. Develop a program through which workforce housing developers can receive incentives to provide new units. 2. Determine suitable multifamily zoning locations with sufficient services and land use compatibility for an appropriate mix of housing variety within the city. Medium Priority (5 to 7 years) 3. Continue the Housing Diversity density incentives for new residential construction. 4. Prioritize the use of HUD CDBG funds for affordable housing. 5. Strengthen home buyer counseling and support services. Medium Priority (7 to 10 years) 6. Continue the Housing Diversity density incentives for new residential construction. 7. Prioritize the use of HUD CDBG funds for affordable housing. 8. Strengthen home buyer counseling and support services. Research shows that the HAB completed workforce housing standards in 2016. Chapter 6.07 Special Development types, for Housing Diversity allows for different types of housing to increase housing diversity and allows smaller lot dimensions to maximize the land use and to decrease the cost of housing. There was a discussion about finding a way to incentivize builders to build these homes. The Board discussed a cause and effect situation and tried to determine what would generate the desired effect – more affordable housing. There was a discussion of making the existing program more attractive to builders. The Board suggested asking builders to join the discussion to determine what it would take to develop these homes. Nelson reminded Page 7 of 49 Housing Advisory Board Page 4 Minutes December 18, 2017 everyone that ultimately the policy discussion is up to the Council and that working to develop the Housing element will open the discussion for public meetings. The Board also worked on identifying multi-family zoning locations but it was not adopted. Waggoner explains that the Housing Element must work with the Comprehensive Plan and Future Land Use Plan so that the entire plan works together. The criteria will be reviewed again as the plan moves forward. The definition of multifamily and/or single-family is important for this discussion. F. Presentation and discussion of various Housing chapters/elements from other cities. Susan Watkins, Housing Coordinator Watkins reviewed information from Longmont, Colorado; Boulder, Colorado; San Antonio, Texas; San Marcos, Texas; Dallas, Texas; Plano, Texas and Kings County. Common elements from each of their housing elements shows a range of housing types, their housing plan is integrated into the comprehensive plan, there is an analysis of existing housing types, and there is an element to preserve the existing affordable housing. The Board discussed that in many of these cases, there is another group, other than a municipal board, that drives the plan and work. There is usually a funding mechanism outside of the city that is also in place to subsidize the special developments. It was reported that 70% of our housing was built after 1990. We do not have some of the same age and deterioration issues that many cities have. Waggoner reported the RFP for the Comprehensive Plan and Housing Element has been published and there will be a pre-bid conference on Wednesday. He encouraged board members to review the documents online. The contract for the consultant for the Comprehensive Plan will be taken to City Council for review on March 13. Next steps: The goals will be revised and brought back, the demographics update will be provided for peer cities, and wage information will be returned to the board. The next regular meeting of the Housing Advisory Board is scheduled for January 8, 2018. Board members were asked to re-apply if eligible for reappointment to the board if their term was up. Deadline for application is Friday, January 5th. Adjournment Motion by Ortego, second by Snead to adjourn. The meeting was adjourned at 5:42 pm. __________________________________ _______________________________________ Approved, Brenda Baxter, Vice-Chair Attest, Randy Hachtel Page 8 of 49 City of Georgetown, Texas Housing Advisory Board January 16, 2018 SUBJECT: Presentatio n and dis c us sion of hous ing afford ab ility terms and definitions . S us an Watkins , AICP, Hous ing Coordinator ITEM SUMMARY: The Bo ard reviewed Ho using Elements fro m o ther c o mmunities at the Decemb er 18, 2017 Hous ing Advis o ry Board meeting. Many o f the elements reviewed by the Bo ard disc us s ed affordability and workfo rce ho us ing. In preparatio n o f the upd ate o f the 2012 Ho using Element, the Board req uested staff to p ro vide d efinitions for affo rd ab le ho using and wo rkforc e ho using. Staff has c o llected definitions from s everal s o urc es fo r review and d is cus s io n. Affordable Housing definitions 2 0 1 2 Hou sing E lement, City of Georg etown : Defined as paying no more than 30% of o ne’s gro s s ho useho ld income o n s helter. For tenants , no mo re than 30% of ho us eho ld income toward s rent. For homeowners, no more than 30% o f ho useho ld income toward s the c o s t o f principal, interest, taxes and homeowner ’s ins urance From the HUD website: - AF FORDABILIT Y: the extent to which enough rental hous ing units of different cos ts c an p ro vide each renter ho usehold with a unit it c an affo rd (bas ed on the 30-p ercent-of-income s tandard). - Affordable ho us ing: in general, hous ing for whic h the oc cup ant(s ) is/are p aying no mo re than 30 p ercent o f his or her inc ome fo r gro s s ho using costs , inc lud ing utilities . Please note that s o me juris d ictio ns may d efine affo rdable hous ing based o n o ther, loc ally determined criteria, and that this d efinitio n is intend ed s o lely as an ap p ro ximate guideline or general rule o f thumb . Workforce Housing definitions 2 0 1 2 Hou sing E lement, City of Georg etown : Having teachers , firefighters , p o lice and utility workers able to live within the c o mmunity they serve allows the wo rkforc e to b e more efficient and connec ted with the community they s erve. A workfo rce that is able to live and wo rk within the s ame loc ation, ind ividuals and families are able to participate more in community ac tivities , s ho p loc ally and contrib ute to the tax base, whic h will greatly benefit Geo rgeto wn. Current UDC d efin ition , City of Georg etow n : Wo rkforc e Hous ing. As us ed in this Code, the res idential d welling units in Workfo rce Hous ing Develo p ments are availab le for tho s e whose inc omes are less than o r equal to eighty perc ent (80%) o f the area median family inc o me, as defined by the Dep artment o f Ho using and Urb an Develo p ment (HUD) for the Aus tin-Ro und R o ck-San Marc o s Metropolitan Statistical Area (MSA). FINANCIAL IMPACT: None at this time. SUBMITTED BY: Page 9 of 49 Sus an Watkins , AICP, Hous ing Co o rd inator ATTACHMENTS: Description Type Attachment 1 - Affordability Definitions Backup Material Page 10 of 49 Housing Affordability Definitions January 16, 2017 Page 11 of 49 City of Georgetown 2012 Housing Element 2Page 12 of 49 Affordable Housing •Defined as paying no more than 30% of one’s gross household income on shelter. –For tenants, no more than 30% of household income towards rent. –For homeowners, no more than 30% of household income towards the cost of principal, interest, taxes and homeowner’s insurance Page 13 of 49 Affordability •Median household income is often the benchmark against which housing affordability is measured. Page 14 of 49 Workforce Housing •teachers, firefighters, police and utility workers •a workforce that is able to live and work within the same location, individuals and families are able to participate more in community activities, shop locally and contribute to the tax base, which will greatly benefit Georgetown. Page 15 of 49 Senior Housing •Current element does not define or break out senior housing need from need by income Page 16 of 49 City Council input •Desire to evaluate housing needs in three parts: –Senior housing –assisted living, nursing & hospice facilities –Workforce housing –housing for employees and jobs for residents –Low Income housing –Georgetown’s regional role for providing low income housing Page 17 of 49 Other Definitions 8Page 18 of 49 Affordability Area Median Income (AMI): •Affordable housing policies/programs often target households earning 30%, 50%, 60% or 80% AMI Target Population •Age restrictions •Disability •Veteran status Page 19 of 49 Affordability From the HUD website: •AFFORDABILITY:the extent to which enough rental housing units of different costs can provide each renter household with a unit it can afford (based on the 30-percent-of-income standard). •Affordable housing:in general, housing for which the occupant(s) is/are paying no more than 30 percent of his or her income for gross housing costs, including utilities. Please note that some jurisdictions may define affordable housing based on other, locally determined criteria, and that this definition is intended solely as an approximate guideline or general rule of thumb. Page 20 of 49 Affordability •From the Dallas plan: Having safe, high quality affordable housing means that people can pay their mortgage or rent and have enough money for other vital expenses and discretionary spending like groceries, transportation, child care, health care, clothing, entertainment, and savings. Page 21 of 49 Affordable Housing From the Boulder plan: 7.02 Affordable Housing Goals The city will study and consider substantially increasing the proportion of housing units permanently affordable to low, and moderate and middle-income households beyond our current goal of at least ten percent of the housing stock for low and moderate incomes. The city will also increase the proportion of market-rate middle income housing, as described in the Middle Income Housing Strategy. These goals are achievable through regulations, financial subsidies and other means. City resources will also be directed toward maintaining existing permanently affordable housing units and increasing the stock of permanent affordable housing through preservation of existing housing. Page 22 of 49 Workforce Housing From the UDC: Workforce Housing. As used in this Code, the residential dwelling units in Workforce Housing Developments are available for those whose incomes are less than or equal to eighty percent (80%) of the area median family income, as defined by the Department of Housing and Urban Development (HUD) for the Austin-Round Rock- San Marcos Metropolitan Statistical Area (MSA). Page 23 of 49 Senior Housing From the HUD website: –ELDERLY PERSON HOUSEHOLD:A household composed of one or more persons at least one of whom is 62 years of age or more at the time of initial occupancy. Page 24 of 49 Senior Housing •Age restricted housing –55 and over –62 and over Page 25 of 49 Senior Housing From the Dallas plan: –Vulnerable populations (groups who may need additional support to find and retain quality housing): •low and extremely low-income households, •racial and ethnic minorities, •the elderly, •people with disability and mobility impairments, •ex-offenders, •individuals with HIV/AIDS, •People experiencing homelessness and those at risk of homelessness Page 26 of 49 Senior Housing From the Longmont plan: –housing for special populations such as seniors or people with specialized needs –“Accessible Housing” Page 27 of 49 Senior Housing From the Boulder plan: 7.09 Housing for a Full Range of Households The city and county will encourage preservation and development of housing attractive to current and future households, persons at all stages of life and abilities, and to a variety of household incomes and configurations. This includes singles, couples, families with children and other dependents, extended families, non-traditional households and seniors. Page 28 of 49 Industry Terms •Subsidized –Government sponsored economic assistance program, Federal programs include Public Housing, Housing Choice Vouchers, and the Low Income Housing Tax Credit programs •Affordability term –The length of time for which a housing development/product is required to restrict rents Page 29 of 49 Industry Terms •Permanently affordable –PAH refers to all types of housing with lasting affordability. These types include rental or homeownership units created by nonprofits (e.g. community land trusts (CLTs, CDCs), or public entities (e.g. inclusionary housing programs) that utilize various legal mechanisms to ensure the unit remains permanently affordable Page 30 of 49 Industry Terms •Permanent Housing –community-based housing without a designated length of stay in which formerly homeless individuals and families live as independently as possible •Permanent supportive housing (PSH) –permanent housing with indefinite leasing or rental assistance paired with supportive services to assist homeless persons with a disability or families with an adult or child member with a disability achieve housing stability. Page 31 of 49 Industry Terms •Affordable market rate –Unsubsidized –Quality –Housing type/size •Preservation of affordable units –Rehabilitation as housing ages, neighborhood transitions Page 32 of 49 City of Georgetown, Texas Housing Advisory Board January 16, 2018 SUBJECT: Presentatio n and dis c us sion of regional ho us ing c harac teristics and costs to o wn a home. S usan Watkins , AICP, Ho using C o o rd inato r ITEM SUMMARY: At the Dec ember 18, 2017 Ho using Ad visory Bo ard meeting, the Board as ked s taff to researc h the p ercentage of multi-family units and single family ho us ing units in p eer c o mmunities to provid e c o ntext for the ho using mix that c urrently exis ts in the City o f Georgetown. The Board als o as ked s taff to res earch the hourly wage needed to o wn a home in Geo rgetown. The values fo r ho us ing mix in the regio n are s hown in the tab le below: City S ingle F amily Multi- family Hutto 98%2% Leand er 93%7% Salado 89%11% Kyle 87%13% Pflugerville 87%13% Geo rgeto wn 82%18% Jarrell 80%20% Cedar Park 76%24% Round Roc k 71%29% Aus tin 52%48% San Marc o s 38%62% In o rd er to und ers tand affordable homeowner opportunities, the b o ard asked fo r the hourly wage need ed to o wn a home. Home-ownership c o s ts inc lud e no t o nly the mo nthly mortgage p ayment, but als o generally inc ludes taxes , ins urance and p o s s ib ly mo rtgage ins urance. Bec ause o ther c os ts s uch as d o wn payment and general maintenance and rep air c o s ts are als o involved with ho me-o wners hip , the ho urly wage needed to o wn a home is variable compared with the hourly wage need ed to afford the fair market rent. The b o ard and s taff will d is cus s the mix o f hous ing types as well as general p arameters o f ho me ownership cost and potential b arriers to ho me ownership. FINANCIAL IMPACT: None at this time. SUBMITTED BY: Sus an Watkins , AICP, Hous ing Co o rd inator Page 33 of 49 ATTACHMENTS: Description Type Attachment 1 - Regional Hous ing Characteris tics and Homeowners hip cos ts Backup Material Page 34 of 49 Regional Housing Characteristics, Home Ownership Costs and Assistance Programs January 16, 2018 Page 35 of 49 Housing Mix (SF v. MF) Single Family Multi-family Hutto 98%2% Leander 93%7% Salado 89%11% Kyle 87%13% Pflugerville 87%13% Georgetown 82%18% Jarrell 80%20% Cedar Park 76%24% Round Rock 71%29% Austin 52%48% San Marcos 38%62% Source: ACS 2016 5 yr. estimate –Table B25024 Page 36 of 49 Housing Mix (SF v. MF) Single Family Multi-family Hutto 99%1% Salado 94%6% Leander 93%7% Pflugerville 87%13% Kyle 87%13% Georgetown 85%15% Jarrell 80%20% Cedar Park 77%23% Round Rock 73%27% Austin 56%44% San Marcos 41%59% Source: ACS 2016 5 yr. estimate –Table B25024 Page 37 of 49 Common Elements of Cost of Home-ownership •Down payment •Monthly payment –Mortgage payment (variable by interest rate) –taxes –insurance –mortgage insurance •Capital improvements/repairs Page 38 of 49 Components to home ownership costs Page 39 of 49 Home Inventory under $200K •150K home inventory is limited. The data Lou received in December showed –8 properties between $50K and $100K –31 properties listed between $101-150K –141 properties between $151-200K •As we saw in December the Median Sales Price is well above $200K: –$268,000 Median Sales Price –$310,972 Average Sales Price Source: Texas A&M Real Estate Center Housing Activity for Local Service Area Georgetown (Austin BoR) September 2017 6Page 40 of 49 Three Common Barriers to Home-Ownership •Access to credit •Affordability •Down payment Source: Housing Finance Policy Center, The Urban Institute (https://www.urban.org/policy-centers/housing-finance-policy- center/projects/access-and-affordability-interactive-map-and-research-3-barriers- homeownership)Page 41 of 49 First time Home buyer Assistance •My First Texas Home (MFTH) –State program •Texas State Affordable Housing Corporation Page 42 of 49 City of Georgetown, Texas Housing Advisory Board January 16, 2018 SUBJECT: Presentatio n and dis c us sion of three Po licy Toolkit examples. S usan Watkins , AIC P, Ho using Coordinato r ITEM SUMMARY: Staff rec o mmend s review o f three p o licy toolkits b y the Board in p rep aratio n o f up coming d evelopment of a Ho using To o lkit for the City of Geo rgeto wn: - “What About Ho us ing? A Polic y Toolkit for Inc lus ive Growth” - “Creating Affo rd ab ility Lo cally” - “Preserving, P ro tec ting, and Expand ing Affo rd ab le Ho using: A Polic y Too lkit for Pub lic Health” Staff is s eeking feedbac k o n the attac hed examp les from the Board regarding organizatio n, c o ntent (to p ics ) and o verall us ab ility. FINANCIAL IMPACT: None at this time. SUBMITTED BY: Sus an Watkins , AICP, Hous ing Co o rd inator ATTACHMENTS: Description Type Attachment 1 - Toolkit Examples Backup Material Page 43 of 49 Policy Toolkit Examples January 16, 2018 Page 44 of 49 Three Example Policy Toolkits •Format •Content •Policy explanations and applications Page 45 of 49 What about Housing? A Policy Toolkit for Inclusive Growth •Neighborhood situations •Key questions –How do we help lower-income families become homeowners and build equity? –How can market activity help generate revenue for affordable housing investments? Page 46 of 49 Preserving, Protecting and Expanding Affordable Housing •6 main policies –Preservation –Protection –Inclusion –Revenue Generation –Incentives –Property Acquisition Page 47 of 49 Preserving, Protecting and Expanding Affordable Housing •Framework –“How it works” –Where to start –Considerations –Case studies Page 48 of 49 Creating Affordability Locally •Policies outlined –Land Use Tools –Preservation Strategies –Funding Affordable Housing Page 49 of 49