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Presented by: ECONorthwest March 3, 2011

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City of Newport Housing Needs Analysis Technical Advisory Committee #2 Preliminary Housing Needs Analysis Results. Presented by: ECONorthwest March 3, 2011. Agenda. Project progress report (5 minutes) Preliminary results of the HNA (20 minutes) Presentation by ECONorthwest

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City of NewportHousing Needs AnalysisTechnical Advisory Committee #2Preliminary Housing Needs Analysis Results

Presented by:

ECONorthwest

March 3, 2011

agenda
Agenda
  • Project progress report (5 minutes)
  • Preliminary results of the HNA (20 minutes)
    • Presentation by ECONorthwest
  • Discussion (60 minutes)
    • General comments on the housing needs analysis methods, data, or results
    • Discussion: Are the preliminary findings about housing mix and density consistent with what you know about housing need in Newport?
  • Implications of Preliminary Findings of the Housing Needs Analysis (35 minutes)
state requirements
State Requirements
  • Goal 10, OAR 660-008
    • Requires coordination of population projections by counties (ORS 195.036);
    • Requires cities to complete an inventory of buildable residential lands;
    • Cities should encourage the availability of adequate numbers of housing units in price and rent ranges commensurate with the financial capabilities of its households;
    • Requires demonstration of a 20-year buildable land supply.
state requirements1
State Requirements
  • Needed housing types include (but are not limited to):
    • Single family detached and attached
    • Multi-family housing for owner and renter occupancy
    • Government assisted housing
    • Mobile/manufactured dwellings in parks and on individual lots
current conditions of newport s 5 500 dwellings
Current Conditions of Newport’s 5,500 dwellings
  • 69% are Single-Family Detached and Manufactured
  • 58% of Newport’s occupied units are owner-occupied
  • 19% are vacant
    • 16% or 1,075 dwellings are vacant for seasonal or recreational use
  • Rental units are older on average than owner units
    • Owner-occupied median year built is 1978
    • Renter-occupied median year built is 1974
most recent development was for single family 2000 2010
Most recent development was for single-family, 2000-2010
  • Permits issued for 572 units
    • 69% Single-family and manufactured
    • 31% Multifamily
  • 52 permits issued annually
most new multifamily was in condominiums
Most new multifamily was in condominiums
  • 31% Multi-family
    • 27% Condos
    • 2% Apartments
    • 2% Duplex/Tri-/Quads
  • 69% Single-family
most new dwellings were single family in hdr 2000 2010
Most new dwellings were single-family in HDR, 2000-2010

Percent of dwellings by in each plan designation

  • Low Density Residential: 24% of new dwellings
    • Mostly single-family
  • High Density Residential: 63% of new dwellings
    • Mostly single-family
  • Commercial: 13% of new dwellings
    • Mostly Condos
housing density averaged 8 8 dwellings net acre 2000 2010
Housing density averaged 8.8 dwellings/net acre, 2000-2010
  • LDR: 5.3 du/net acre
    • Mostly single-family an average of more than 5 du/net acre
  • HDR: 9.9 du/net acre
    • Single family was more than 8 du/net acre
    • Condo and apartment were between 14 and 16 du/net acre
  • Commercial: 29.1 du/net
    • Mostly condominium at more than 32 du/net acre
newport has more lower income households
Newport has more lower income households
  • Households earning less than $25,000 annually
    • Newport: 34%
    • Oregon: 24%
  • Households earning less than $50,000 annually
    • Newport: 57%
    • Oregon: 51%
homeownership became less affordable since 2000
Homeownership became less affordable since 2000
  • The ratio of housing value to income increased since 1990
    • Newport: 2.8 to 6.3
    • Oregon: 2.5 to 5.0
  • Average single-family sales price increased by nearly $75,000 or 47%
affordable rental housing is difficult to find
Affordable rental housing is difficult to find

Where Residents of Newport Work

  • A household must earn about $30,000 to afford a two-bedroom rental (at $759 per month)
    • More than 1/3 of households cannot afford a two-bedroom rental
  • About ½ of renter households pay more than 30% of their income on housing costs
affordable rental housing is difficult to find1
Affordable rental housing is difficult to find

Where Workers in Newport Live

  • Two-thirds of Newport’s workers live outside Newport
  • Newport currently has a deficit of about 500 dwellings affordable for people earning < $25,000
  • Anecdotal evidence suggests that Newport’s rental housing stock is older and in poor condition
factors affecting future housing needs
Factors affecting future housing needs

State Forecast of Age Change in Lincoln County, 2000 to 2030

Aging Baby Boomers

  • 37% of Lincoln County’s pop in 2030, up from 25% in 2000
  • Range of housing needs
    • Remain in current housing
    • Move to group housing when necessary
    • Downsize to smaller units
factors affecting future housing needs1
Factors affecting future housing needs

Growth of Echo Boomers

  • Currently the largest age-group
  • By 2030, the majority will be 35 to 48 years old
  • Growth in Newport will depend on availability of jobs
  • Housing choice will depend on income, age, and family composition
    • Affordability will be a concern, especially when younger
    • May need multifamily housing when younger
    • May need single-family when older, with higher income and a family
factors affecting future housing needs2
Factors affecting future housing needs

Growth of immigrants

  • Immigrants are one of the fastest growing groups
    • Hispanic and Latinos are the fastest growing immigrants
    • By 2050, 25% of the U.S. population will be Hispanic
  • Growth in Newport will depend on availability of jobs
  • Housing choice will depend on income, age, and family composition
    • Affordability will be a concern, especially in first generation and when younger
    • Will need multi-family and single-family, depending on affordability
average density by housing type will remain the same
Average density by housing type will remain the same
  • Density by housing type will stay constant
    • Single-family: 7.0 du/net acre
    • Multi-family: 18.7 du/net acre
  • Overall density will increase from 8.8 to 9.3 du/net acre because of increase in percent of multifamily
average density by housing type will remain the same1
Average density by housing type will remain the same
  • Result shows that Newport will need 112 gross acres of residential land
    • 91 gross acres for single-family housing
    • 21 gross acres for multi-family housing
  • Newport has ample land to accommodate housing
  • Land available for multi-family housing for residents is limited and may be located in the wrong areas
newport needs more affordable rental housing
Newport needs more affordable rental housing
  • Newport’s policies should emphasize meeting the needs of current and future full-year residents
  • Newport has a deficit of affordable, quality rental housing for current and potential residents
  • Renters want high-quality housing that is suited to Newport
    • Higher amenity, well constructed
    • Housing types other than apartments
    • Affordable units
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