cathy bennett july 12, 2010

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Presentation from the Bring Workers Home workforce housing regional forum in Minneapolis on July 12, 2010

TRANSCRIPT

Housing Initiative

supporting a full range of housing choices

Our Call to ActionULI Minnesota actively

engages public and

private sector leaders to

foster collaboration, share

knowledge and join in

meaningful strategic action

to create thriving,

sustainable

communities.

7/12/20102

ULI MN/Regional Council of Mayors

• Mayors from 34 municipalities in 6 metro counties, including core cities, developed and developing suburbs.

• Collaborative, non-partisan.

• Focused on actions to raise the region’s overall innovation, economiccompetitiveness and quality of life.

3

Housing InitiativeMission – Partnering to implement tools & strategies

that support a full range of housing choices - a diverse mix of housing types, sizes and prices within the region, within cities and within neighborhoods – for economic stability and regional prosperity.

7/12/20104

Financial support from the Family

Housing Fund

Gen Y represents the greatest magnitude and spending power

Overall, it is estimated that Gen Y influences “as much as half of all spending in the U.S. economy”

Over 35% of Gen Ys households earn above

$1.6 trillionThey represent

In earning power

Represents almost 30% of today’s population

$75,000

Over

Gen Ys today (1979-96)million80

Baby Boomers (1946-64)million~75

Robert Charles Lesser & Co. LLC.7/12/20105

Gen Y seeks diversity, walkability, and proximity to jobs

Gen Y will shift toward homeownership in 2012

In-town areas and inner suburbs will remain on an upward trajectory

2/3 say that living in a walkable community is important

1/3 will pay more to walk to shops, work, and entertainment

Robert Charles Lesser & Co. LLC.7/12/20106

7/12/2010

Opportunity City Program

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Minneapolis - St. Paul

1st Ring Suburbs

Minneapolis - St. Paul

Southern Suburbs

Minneapolis - St. Paul

2nd Ring Suburb

Housing Initiative - Community Change ReportsKey Metro Area Themes Emerged – through Pilot Program

First ring suburban regeneration Attracting move-up households

lack of housing options 7/12/2010

Affordable homes

Morehousing choices

9

Where are residents working and where are workers living?

7/12/2010

Source: US Census Bureau (LEHD)

Best Practices/Technical Assistance

Housing Initiative

7/12/201010

Raise Awareness – connection between jobs, housing & transportation options

Housing Initiative

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• Cost Calculator -partner to expand use and efficiency in local decisions.

• Southwest LRT Corridor – Collaborate on Corridor Wide planning .

Decision-makers are implementing changes based on audit findings, data analysis, and best practices provided by the Opportunity City Program.

Local Response

“We had a lot of people telling us how wrong we as policy leaders were regarding the need for multi-family housing. After the Opportunity City

process, there was an acknowledgement that we do need

quality rental and multi-family housing. The Opportunity City

process has changed the dialogue and opened conversations regarding the need for a mix of housing options.”

Steve Lampi, Brooklyn Park Mayor

7/12/201012

“It concerns us that only 20 percent or our residents are able to stay in the city. We need to do a better job of

making people aware of the affordable housing options that we have in the community and work toward developing programs that

benefit the first time home buyers."

Sandy Martin, Shoreview Mayor

More Information

Cathy Bennettcathycbennett@frontiernet.net

612-670-8147

http://minnesota.uli.org/

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