sample aha housing profile
TRANSCRIPT
SAMPLE AHA HOUSING PROFILE: CITY OF GRANITE FALLS
SCT PAC June 12, 2014
WHAT’S IN THE PROFILE?
• Project status
• Intended use and audience
• Content and presentation
• Data sources
POPULATION AND COMMUNITY
• Population, households
• Housing tenure
• Median income, population in HUD income levels
• Cost burden
• Employment
• “Household profiles”
POPULATION AND COMMUNITY: GRANITE FALLS
• Significant growth – 219% since 1990 • Continued dramatic growth projected • Mainly families with children, with increasing
share of seniors
• Median income - $65,389
• Renter households small on average, but family size similar to County overall
• 46% of households cost burdened • Dramatic improvement as income rises
• 89% of local workers employed outside the City
0%
5%
10%
15%
20%
25%
30%
35%
Extremely Low
Very Low Low Moderate Middle
Share of Population by HUD Income Level, Granite Falls and Snohomish County
Granite Falls Snohomish County
Source: US Census Bureau; American Community Survey, 2008-2012
EXISTING HOUSING STOCK
• Housing character, age
• Assisted housing stock
• Market rate housing stock – to rent and to own
EXISTING HOUSING STOCK: GRANITE FALLS
• 85% of units built after 1970, 11% built before 1939
• 76% detached single family homes
• 34% of units two bedrooms or less in size while 59% of households two individuals or less
• 2012 median home sale - $140,000
ASSISTED HOUSING: GRANITE FALLS
• Subsidized Units: • 36 Section 8 Housing Choice Vouchers • 30 units for seniors and disabled individuals in
two properties
• Workforce Units: • 17 units for seniors
Assisted Units by Number of Bedrooms
Assisted Units by Income Level Served
1 Bedroom 37 Extremely Low 27
2 Bedrooms 16 Very Low 37
3 Bedrooms 10 Low 2
4 Bedrooms 3 Moderate 0
MARKET RENTAL HOUSING: GRANITE FALLS
Bedrooms Multifamily
Average Rent Minimum Income
Single Family Average Rent
Minimum Income
1 $723 Very Low No Data n/a
2 $850 Very Low $1,006.20 Low
3 $1,139 Low $1,406.75 Low
4+ $1,674.00 Low $1,667.50 Low
Source: Dupre and Scott, 2013
HOME OWNERSHIP: GRANITE FALLS
Home Sale Affordability, 2008-2012
Source: Snohomish County Assessor, 2013
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
100% 2012 Home Sale Affordability Gap
Households
Sales
0%10%20%30%40%50%60%70%80%90%
100%
ExtremelyLow
Very Low Low Moderate Middle
2008 2009 2010 2011 2012
Extremely Low
Very Low Low Moderate Middle
CHALLENGES AND OPPORTUNITIES: GRANITE FALLS • Character of housing driven by residents’ preference for a rural, small town lifestyle
• Good supply of rental housing for households above 50% AMI, limited supply affordable to small households between 30 and 50% AMI • Mismatch between size of units and size of households
• Home ownership currently attainable to households with a wide range of incomes, however recessionary effects were significant
• Strategies currently being pursued
THANK YOU