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Home My WebLink About11-18-19 City Commission Packet Materials - A4. Presentation of the Community Housing Action Plan - SUPPLEMENTAL MATERIALS BOZEMAN COMMUNITY HOUSING ACTION PLAN November 18, 2019 Presentation to the Bozeman City Commission ay Christine Walker Navigate Prepared . Wendy Sullivan, WSW Consulting Seana Doherty, Freshtracks Collaboration fb NAVIGATE frohtracks Purpose of this Meeting • Review the Community Housing Action Plan — Partnership Framework — 3 Phases • Meet terms of our contract • Honor the commitment of the Housing Working Group • Request acceptance (not adoption) of the Community Housing Action Plan 3 PHASES ActionCommunity Community Housing 2 Housing Ross Implementation Needs Assessment Process Complete Complete We are here ACTION PLAN PROCESS a O s Vi 0 Session 1 Session 2 Session 3+4 o Kick-Off+ Tool ID Tool =x Prioritization+ 0 Objectives strotegy 3 Development COMMUNI HOUSIN MAY JUNE JULY AUGUST i= z Open .- House 1 House 20 O U Session 5+6 Draft Plan+ Strategy Review Refinement IMPLEMENT SEPTEMBER OCTOBER NOVEMBERACTION PLAN HOW DOES IT WORK? ACTION PLAN CITY AH PROGRAM MANAGER CITY CONTRACT COMMUNITY FOUNDATIONflo WORK PLAN [H'ousing ozeman Community Action Plan School Habitat for Building Chamber of Community City County District HRDC Humanity Industry Commerce ommuni ous�n c ion an ac roun Homes that those who live and/or work in Bozeman can afford to purchase or rent. This includes apartments, townhomes, condominiums, emergency shelters, accessory dwelling units, mobile homes and single-family homes - all dwelling types - serving the entire spectrum of housing needs. AMI AMI first Time Entry 60% Home Level AMI Buyers/ Subsidized Entry ,50% _ Market Level Rentals/ Housing Market AMI Housing 30% Affordable/ AMI Subsidized Step-Up Rentals Market 180% AMI Emergency Shelter/ High End COMMUNITY HOUSING BRIDGE Middle Income Moderate Income In"MISSING MIDDIE" Upper Middle Income Low Income Upper Incomes Very Low Income Transitional Market HIGHLIGHTS OF BOZEMAN COMMUNITY HOUSING NEEDS ASSEMENT cz:r OVERALL HOUSING NEEDS NeedsHousing . . Catch-Up 1,460 1,460 Unfilled jobs (9% of jobs) 728 728 Functional rental market (5% vacancy rate) 481 481 Balanced for-sale market (5-month inventory) 252 252 Keep-Up 3,945 4,880 New jobs (1 .9% avg. growth/year) 2,915 3,850 Retiring employees (12% of jobs) 1,030 1,030 TOTAL through 2025 5,405 6,340 Below market(at least 60%)** 3,210 3,765 Market-rate (no more than 40%) 2,195 2,575 HOUSING NEEDS BY INCOME Maximum Owner Renter Income Range Income • Income Income household) • • • • <30% AMI $18,990 16% 23% 30.1 to 60% i $37,980 22% 60.1 - 80% $50,640 8% 16% 80.1 - 100% $63,300 10% 11% 100.1 - 120% $75,960 10% 8% 120.1 - 150% $94,950 13% 20% Over 150% Over $94,950 43% TOTAL Units 2,210 - 2,620 3,195 - 3,720 Needed KEY FIWTIJA.m� , WHAT RESIDENTS CAN AFFORD AMI Household Income Max Max ,e Rent Purchase Price 30% $185990 75 $705410 50% $315650 $790 $117,355 "COMMUNITY 60% $37,980 $950 14 5 HOUSING" 80% $50,640 1,265 j X879765\ 100% $63,300 $1, $2349705 120% $75,960 $15900 $281,645 150% $94,950 $2,375 V521060 200% $12600 $3,165 $4 , Housing Working Group Highlights COMMUNITY HOUSING Alban Plan-19 B...—,M..f.— THANK YOU TO OUR HOUSING WORKING GROUP MEMBERS! BANK OF BOZEMAN GALLATIN COUNTY COMMISSION BOZEMAN CHAMBER OF COMMERCE GALLATIN COUNTY PLANNER BOZEMAN CITY COMMISSION GALLATIN VALLEY INTERFAITH ASSOCIATION BOZEMAN CITY STAFF HABITAT FOR HUMANITY BOZEMAN DOWNTOWN PARTNERSHIP HRDC BOZEMAN HEALTH INTRINSIK BOZEMAN LEGACY PROPERTY MANAGEMENT MISSING MIDDLE BOZEMAN SCHOOL DISTRICT MONTANA STATE UNIVERSITY BOZEMAN AREA COMMUNITY FOUNDATION PROSPERA COMMUNITY AFFORDABLE HOUSING SWMBIA ADVISORY BOARD THINK TANK ARCHITECTS vALLATIKI r^,4ZSO::IAT10": ^F P.E^LTnP.0 WEST PAW WORKING GROUP PROCESS HIGHLIGHTS 22 members, representing hundreds of constituents 5 working sessions 4 community meetings 6 month process Meeting Agreements Key role: What strategies are going to work in Bozeman? B ZEMAN HIP I NITY HOUSING COMMUNITY HOUSING ACTION PLAN BUILDING BLOCKS ACTION PLAN Housing Needs Timeline/ Objectives Roles Action Tools Strategies INCOME NUMBER OF HOMES Community housing should serve the (BUILT/PRESERVED) full range of incomes without losing Strive to produce community sight of safety net programs. The housing at a rate that matches the primary focus should be on: spectrum of community housing needs, while also preserving what • Ownership housing from 80� to we have through a target of no net 120�o AMI, while also incentivizing loss of existing community housing the production of missing middle stock. housing up to 150�o AMI; • Additional resident and employee rentals up to 80% AMI; and JOBS/HOMES RATIO • Safety net rentals below 30% AMI. Produce community housing at a rate that exceeds, or at least rriatcf-yes, job growtf-�. REGULATIONS INCENTIVES FUNDING PROGRAMS PARTNERSHIPS •R IT? PEOPLE INTO • • FUNDING General Funds* Tax Increment Financing Low Income Housing Tax Credits* Taxes Dedicated to Housing Federal and State Grants and Loans* REGULATION Inclusionary Zoning* Commercial Linkage Short-Term Rental Regulations* PRESERVATION Community Land Trust* Deed Restricted Housing Co-op Housing Housing Rehabilitation + Weatherizing* PROGRAMS Home Buyer Assistance* Permanent Supportive Housing and Transitional* Employer Assisted Housing Self Help Build* Senior Housing* PARTNERSHIPS Public/Private/Institutional Partnerships Land Banking INCENTIVES Fee Waiver/Deferral* Removal of Regulatory Barriers Accessory Dwelling Units (ADU)* Flexible Development Standards* ACTIONABLE Incluslonary Zoning* Commercial Linkage STRATEGIESShort-'rerm Rental RP-- anentHome Buyer Supportive Assistance* REGULATIONS Fee Waiver/Deferral* PermHousing and Transitional* Removal of • _ Assisted Housing Regulatory Barriers" Self _lp Accessory Dwelling SeniorINCENTIVES Units(ADU)* Flexible Development NCREASING Standards* OMMUNITY HOUSING INVENTORY Institutional Community Land Trust* PartnershipsARTNERSHI PRESERVATION Deed Restricted Housing Land :. • Co-op Housing Housing Rehabilitation+ Weatherizing* UNDING FederalGeneral Funds* Tax Increment Financing Low Income Housing Tax Credits* Taxes Dedicated to Housing Loans* WHERE STRATEGIES FIT ON BRIDGE ommunl l Tax lnern cr en I • ndTtust Financing Nome euyot Fee ^9 ��a\ Asslslance waiver/Deferral d`et Accessory Inclusionary Goo a0° pwellln9 Zoning �� .P�oltte -\,A Units T �C oatT Go.09 • TNE'MISSING M1091, e+ d y _ v�o�`°a �tS to 9; o C b :1' is 5800 Units AMI Needed by 2025 High End Market m,.,,,.,wr[e tors Nuo,.4.snmin.a..Ixnh,/IM„on bv,rM•N, I.,•.J M.r:rrV Land Banking Removal of Regulatory Barriers Deed Restrictions(permanent) General Funds Taxes for Housing Public/Private/Institutional Partners Questimons Comments Timeline Roles COMMUNITY HOUSING arr�a��rm�mry Boxe�,an Monlam PLAN TIMELINE Short Mid Long Strategies Type 1 to 2 years 3 to S years S+years General Funds Funding Easy-current;modify Tax Increment Financing MF) Funding Easy-exists;Medium-redirect for housing Community Land Trust Preservation Easy-in process Deed Restricted Housing(permanent) Preservation Medium InclusionaryZoning Regulation Medium-modifications Public/Private/Institutional Partnerships Partnership/Land Medium Home Buyer Assistance Program Hard Permanent Supportive Housing(PSH)and Transitional Program Hard Removal of Regulatory Barriers Incentive/Regulation Hard Accessory Dwelling Units(ADU) Incentive Hard Fee Waiver/Deferral Incentive Medium Co-op Housing(mobile home parks) Preservation Key: Medium Employer Assisted Housing Program Action Phase Medium Land Banking Partnership/Land Ongoing Phase Hard Taxes Dedicated to Housing Funding Hard Low Income Housing Tax Credits(LIHTC) Funding Hard Commercial Linkage Regulation I lHard On-going programs-to continue Flexible Development standards Incentive City changes in effect;evaluation Short-Term Rental Regulations Regulation City adopted 2017;monitor Housing Rehabilitation and Weatherization Preservation Habita for Humanityt;HRDC Self Help Build Program Habitat for Humanity Senior Housing Program Various Federal and State Grants/Loans—CDBG.HOME, USDA/Rural Development,Section 8 Funding HRDC,City PLAN TIMELINE (SHORT-TERM) STRATEGY 1 to 2 years General Funds Easy-current; Hard-modify Tax Increment Financing (TIF) Easy-exists; Medium-redirect for housing Community Land Trust Easy-in process Deed Restricted Housing (permanent) Medium Inclusionary Zoning Medium-modifications Public/Private/Institutional Partnerships Medium i Home Buyer Assistance Hard Permanent Supportive Housing (PSH) and Transitional Hard Removal of Regulatory Barriers Hard Accessory Dwelling Units (ADU) Hard ROLES AND RESPONSIBILITIES STRATEGIES Type Lead Support General Funds Funding City TBD Tax Increment Financing(TIF) Funding City TIF Districts Community Land Trust Preservation HRDC/Habitat HRDC/Habitat Deed Restricted Housing(permanent) Preservation City HRDC/Habitat Inclusionary Zoning Regulation City 3rd party expert Public/Private/Institutional Partnerships Partnership/Land School district City support/convene potential partners;County;Habitat Home Buyer Assistance Program City/HRDC Prospera/Chamber Permanent Supportive Housing(PSH)and Transitional Program HRDC FUSE Team,hospital Fee Waiver/Deferral Incentive City TBD Co-op Housing(mobile home parks) Preservation HRDC Bozeman Cohousing Land Banking Partnership/Land City TBD Employer Assisted Housing Program Prospera City,Habitat Removal of Regulatory Barriers Incentive/Regulation City 3rd party expert Accessory Dwelling Units(ADU) Incentive City MSU Low Income Housing Tax Credits(LIHTC) Funding HRDC City Taxes Dedicated to Housing Funding City Community/philanthropy(non profit) Commercial Linkage Regulation City TBD On-going programs-to continue Flexible Development Standards Incentive City changes in effect;evaluation Short-Term Rental Regulations Regulation City adopted 2017;monitor Housing Rehabilitation and Weatherization Preservation Habitat;HRDC Self Help Build Program Habitat for Humanity Senior Housing Program Various Federal and State Grants/Loans—CDBG.HOME, USDA/Rural Development,Section 8 Funding HRDC,City ROLES AND RESPONSIBILITIES (SHORT-TERM) STRATEGIES Lead Support General Funds City TBD Tax Increment Financing (TIF) City TIF Districts Community Land Trust HRDC/Habitat HRDC/Habitat Deed Restricted Housing (permanent) City HRDC/Habitat Inclusionary Zoning City 3rd party expert Public/Private/Institutional Partnerships School district City support/convene potential partners; County; Habitat Home Buyer Assistance City/HRDC Pros pera/Cha m ber Permanent Supportive Housing (PSH) and Transitional HRDC FUSE Team, hospital Removal of Regulatory Barriers City 3rd party expert Accessory Dwelling Units (ADU) I City MSU Questions Comments Implementation COMMUNITY HOUSING A�iinn Plan zo�q B.--,M—f... HOW IT ALL WORKS TOGETHER ACTION PLAN CITY AH PROGRAM MANAGER CITY CONTRACT COMMUNITY FOUNDATION WORK PLAN Bozeman Community HousingAction Plan School Habitat for Building Chamber of Community City County District HRDC Humanity Industry Commerce CORE COMPONENTS Action Plan Administration Acceptance/Recognition/Budget Evaluate existing management structure Action Plan Coordinator/Facilitator Staffing, resources, expertise Program Management Housing guidelines Deed restrictions (permanent) Unit management/housekeeping Inventory tracking CORE COMPONENTS CORE COMPONENTS 2019 2020 2021 LONGER TERM Quarter 3 4 1 2 3 4 1 2 3 4 2022+ 1.Action Plan Administration 2.Action Plan Coordinator/Facilitator-Action Plan to Work Plan 3.Housing Program Management Housing guidelines Deed restrictions(permanent) Unit management/housekeeping Inventory tracking MOVING FORWARD Maintain working group momentum Formalize the partnership framework Establish work plans Devote community resources Report successes Continue to listen and adapt Recognize there will never be a silver bullet Questions Comments THANK YOU Full report available at: www.bozeman.net/city-projects/community- housing-action-plan _ IL �•- � ti - L r a 1 a- ti Aff LA voil 1—