The future of housing in greater Washington Chuck Bean COG Executive Director NARC Annual Conference June 10, 2019
Dynamic, Growing Region Population (COG footprint): 5.6M Jobs (COG footprint): 3.3M Approx. 325,000 commuters from outside the region come to work inside our region. NARC Annual Conference June 10, 2019
Job Growth Outpacing Housing Growth NARC Annual Conference June 10, 2019
Recent Trends in Housing Permits NARC Annual Conference June 10, 2019
Housing: Forecast + Additional Needed 690 NARC Annual Conference June 10, 2019
Key Questions – the 3 “A”s Amount: Can the region accommodate an additional 100,000 homes above what is currently forecast by 2045? Accessibility: Can the additional homes be located in Activity Centers and near High Capacity Transit areas? Affordability: What is the right mix of housing types and prices to accommodate our current and future workers? NARC Annual Conference June 10, 2019
2015 to 2045 Round 9.1 Household Growth by TAZ-Based Activity Center and Half-Mile High-Capacity Transit Station Areas Shared Vision for Growth Frederick County 141 Activity Centers (green) 88 with High Capacity Transit Hubs (purple) 9% Land Area Montgomery County Loudoun County District of Columbia Arlington Alexandria Fairfax County Prince George’s County Prince William County Charles County 7
Round 9.1 Cooperative Forecasts: 2015 to 2045 Growth in Activity Centers Inside Activity Centers Outside Activity Centers NARC Annual Conference June 10, 2019
MIDDLE COST BANDS ~100,000 units Exploring Affordability HIGH COST BANDS ~100,000 units MIDDLE COST BANDS ~100,000 units 365,000 more units by 2030. LOW COST BANDS ~100,000 units NARC Annual Conference June 10, 2019
Exploring a Range of Housing Types Daniel Parolek, Opticos Design, Inc. NARC Annual Conference June 10, 2019
Constellation of Housing Efforts NARC Annual Conference June 10, 2019
mwcog.org Chuck Bean COG Executive Director cbean@mwcog.org 777 North Capitol Street NE, Suite 300 Washington, DC 20002