HomeMy WebLinkAboutAgenda_HAB_02.26.2018Notice of Meeting for the
Housing Adv isory Board
of the City of Georgetown
February 26, 2018 at 3:30 PM
at Historic Light and Waterworks Bldg, 406 W. 8th Street Georgetown, TX 78626
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A 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
B 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
C Pres entatio n and d is cus s io n o n the Co mprehens ive P lan Update and c ons ultant s elec tion. Sus an Watkins ,
AICP, Ho us ing Coordinator
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 n three Polic y Toolkit examples. Susan Watkins , AICP, Ho using
Co o rd inator
G Pres entatio n and d is cus s io n o n the 2018 Ho us ingWorks Ho using Summit on F eb ruary 9, 2018. Sus an
Watkins , AIC P, Ho using Coordinator
Adjournment
CERTIFICATE OF POSTING
Page 1 of 66
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 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 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 3 of 66
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 4 of 66
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 5 of 66
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 6 of 66
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 7 of 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 2018
SUBJECT:
Presentatio n and dis c us sion on the Comprehens ive Plan Up d ate and cons ultant s electio n. S usan Watkins ,
AICP, Ho using C o o rd inato r
ITEM SUMMARY:
Staff will up date the b o ard on the Comprehens ive Plan Up d ate p ro gress and review the c o nsultant
s electio n criteria as it pertains to the Ho using Element and To o lkit.
FINANCIAL IMPACT:
None at this time.
SUBMITTED BY:
Sus an Watkins , AICP, Hous ing Co o rd inator
ATTACHMENTS:
Description Type
Attachment 1 - Comprehens ive Plan Update Pres entation
Page 8 of 66
Comprehensive Plan Update
February 26, 2018
Page 9 of 66
RFP: Housing Element
•Neighborhood and housing inventories
•Future need based on growth projections
•Goals and policies
2Page 10 of 66
RFP: Housing Element
•Address the needs of three specific
groups:
–Senior: including assisted living, nursing and
hospice facilities.
–Workforce: accommodations for employees at
specific income ranges and also housing
needed to further economic development
goals
–Low Income: affordable housing in a regional
context
3Page 11 of 66
Deliverables outlined in RFP:
Housing Element
•Define Affordable Housing (local context)
•Housing inventory (housing types and
price points)
•Neighborhood classification
•Preservation analysis
•Future Land Use Map and supporting
(inclusion of typology, by location)
4Page 12 of 66
RFP: Housing Toolkit
•Research and present national housing
programs
•Review the feasibility of:
–community land trusts
–housing trust funds
–incentive programs
–neighborhood preservation/revitalization
5Page 13 of 66
Deliverables outlined in RFP:
Housing Toolkit
•Program overviews
•Incentive strategies
6Page 14 of 66
Consultant Interview Criteria
•Housing experience
•Technical approach to current and future
housing needs
–Element (analysis)
–Toolkit (recommendations)
7Page 15 of 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 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 16 of 66
Sus an Watkins , AICP, Hous ing Co o rd inator
ATTACHMENTS:
Description Type
Attachment 1 - Affordability Definitions Pres entation
Page 17 of 66
Housing Affordability Definitions
February 26, 2018
Page 18 of 66
Purpose
•Review and discuss affordability
definitions in preparation of the Housing
Element update
2Page 19 of 66
Agenda
•Review Council direction
•Review existing definitions
•Draft working definitions for updates
3Page 20 of 66
City Council input 05/24/16
•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
4Page 21 of 66
Current Element -
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.
5Page 22 of 66
Current Element -
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.
6Page 23 of 66
UDC -Workforce Housing
“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.”
7Page 24 of 66
Current Element:Senior Housing
•Does not define or break out senior
housing need from need by income
•Does not address need for range of
housing types
8Page 25 of 66
Other terms related to affordability
Area Median Income (AMI):
•Affordable housing policies/programs often target households
earning 30%, 50%, 60% or 80% AMI
Low to Moderate Income (LMI)
•Households making under 80% AMI
Percentage AMI (family of four)
30%$24,600
50%$40,700
60%$48,840
80%$65,100
9Page 26 of 66
Other terms related to affordability
Target Population
•Age restrictions
•Disability
•Veteran status
10Page 27 of 66
Affordability
HUD website:
•Uses 30% of income standard as a “rule of
thumb”
•Local jurisdictions may need to adjust
11Page 28 of 66
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.
12Page 29 of 66
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.
•Industry standard for age restricted
housing
–55 and over
–62 and over
13Page 30 of 66
Senior Housing
From the Longmont plan:
–housing for special populations such as
seniors or people with specialized needs
–“Accessible Housing”
14Page 31 of 66
Senior Housing
From the Boulder plan:
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.
15Page 32 of 66
Industry Terms
•Affordable market rate
–Unsubsidized
–Quality
–Housing type/size
•Preservation of affordable units
–Rehabilitation as housing ages, neighborhood
transitions
16Page 33 of 66
Next Steps
•Craft definition for use in Housing Element
17Page 34 of 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 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 35 of 66
ATTACHMENTS:
Description Type
Attachment 1 - Regional Hous ing Characteris tics and
Homeowners hip cos ts
Pres entation
Page 36 of 66
Regional Housing
Characteristics, Home Ownership
Costs and Assistance Programs
February 26, 2018
Page 37 of 66
Purpose
•Review regional housing characteristics
•Discuss costs related to homeownership
2Page 38 of 66
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 39 of 66
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 40 of 66
Components to home
ownership costs
Page 41 of 66
Home Inventory under $200K
•$50-$200K home inventory is limited.
6
8
31
141
$50K-100K $101-150K $151-200K
Number of Properties
Page 42 of 66
Median Sales Price
•$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
7Page 43 of 66
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 44 of 66
First time Home Buyer Assistance
•My First Texas Home (MFTH) –State
program
•Texas State Affordable Housing
Corporation
Page 45 of 66
Next Steps
•Review municipal homebuyer assistance
programs
10Page 46 of 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 2018
SUBJECT:
Presentatio n and dis c us sion on three Polic y To o lkit examp les . Sus an Watkins , AICP, Hous ing Co o rd inator
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 Pres entation
Page 47 of 66
Policy Toolkit Examples
February 26, 2018
Page 48 of 66
Purpose
•Review example policy toolkits
•Gain ideas for development of COG toolkit
2Page 49 of 66
Three Example Policy Toolkits
•Format
•Content
•Policy explanations and applications
Page 50 of 66
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 51 of 66
Preserving, Protecting and Expanding
Affordable Housing
•Framework
–“How it works”
–Where to start
–Considerations
–Case studies
Page 52 of 66
Preserving, Protecting and Expanding
Affordable Housing
•6 main policies
–Preservation
–Protection
–Inclusion
–Revenue Generation
–Incentives
–Property Acquisition
Page 53 of 66
Creating Affordability Locally
•Policies outlined
–Land Use Tools
–Preservation Strategies
–Funding Affordable Housing
Page 54 of 66
Next Steps
•Identify format or content components to
consider
•Review policies for further research and
consideration in development of our toolkit
8Page 55 of 66
City of Georgetown, Texas
Housing Advisory Board
February 26, 2018
SUBJECT:
Presentatio n and dis c us sion on the 2018 Hous ingWo rks Hous ing Summit o n February 9, 2018. Susan
Watkins, AICP, Hous ing Co o rd inato r
ITEM SUMMARY:
Staff will share highlights from the 2018 Hous ing Summit event that was held in Aus tin, Texas on Feb urary
9, 2018.
FINANCIAL IMPACT:
None at this time.
SUBMITTED BY:
Sus an Watkins , AICP, Hous ing Co o rd inator
ATTACHMENTS:
Description Type
Attachment 1 - 2018 Hous ing Summit Pres entation
Page 56 of 66
Housing Summit 2018
February 26, 2018
Page 57 of 66
2Page 58 of 66
Mayor of Austin/Travis County Judge
•Regional Workforce Plan
•Loss of 42,000 units to gentrification -
200,000 people losing workforce housing
•School finance most important issue –
“state taxing” increase in property taxes
contributes to affordability crisis
3Page 59 of 66
Urban Institute research
•Cost of segregation report
•Austin had 20% increase in annual gross
income over 7 years
•Austin to grow by 800,000 by 2030
–Group between 20-49 having children
•Segregation Latino/white
4Page 60 of 66
5Page 61 of 66
Recommendations for Austin
•Use growth to drive inclusion, plan development,
build infrastructure
•Build inclusive neighborhoods and communities
–mix housing types, tenures, prices, in all
neighborhoods
•Grow the middle class
–economic mobility, curb predatory lending, fair access
to credit
•Go regional
6Page 62 of 66
Workforce Housing –Platform for
Economic Growth
•Middle priced out of market
•Price out of affordable housing when completing
workforce training
•Housing is a quality of life issue
•$290K median house price
7Page 63 of 66
Workforce Housing –Platform for
Economic Growth
•Affordable Central Texas
–Austin Housing Conservancy –middle income
housing rents rise as wages rise
–Acquire existing MF communities –preserve
affordability
–Private real estate partnership
–Austinhousingconservancy.com
8Page 64 of 66
LIVE (Lower Income Voucher
Equity) Denver
•Create immediate affordable housing options by
connecting vacant market rate units with
workforce
–gap in rent paid through funds provided by The City
and County of Denver (“City”), foundations and
employers
•Targets renters who earn between 40% and
80% of Area Median Income (AMI)
–an individual earning $23,520-$47,040/year
–family of four earning $33,560-$67,120/year
9Page 65 of 66
Constellation Tiny Home
Community
10
6.2 acre site on Old
Manchaca Road
Sprout Tiny Homes
Developods
Page 66 of 66