KIM GRANT DIRECTOR COMMUNITY AND HUMAN SERVICES COLLIER COUNTY DATA: MARCH 2015 Affordable Workforce Housing Information 1

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What is affordable/workforce housing 3 Includes mortgage, taxes and utilities; or rent and utilities

What is affordable/workforce housing 4 National Standard: Housing and Urban Development (HUD) categories of Area Median Income (AMI) AMI is the median income of those in the Naples – Marco Island Metropolitan Statistical Area  Includes all reoccurring income such as wages, interest, dividends, social security  50% earn below and 50% above  $62,900 (raised to $66,500 after this data prepared) Levels : 0 – 30%, 30.1 – 50%, 50.1 – 80 %, 80.1 – 120%,

5 15,531 15,555 24,320 25,103 57,849

6 11% 17% 18% 42% Rental Candidates Rental Candidates Homeowner Candidates Homeowner Candidates

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8 Note: Income based on 3 persons per household county average

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10 Source: Wells Fargo HOI Average Median Housing Price - Sold AMI HOI $72.8K 68.6

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13 Note: Income based on 3 persons per household county average

14 Rental Rates Out of Line with Incomes Source: Florida Jobs.org OES Occupational Employment Statistics Income level for Rental Candidates (50% AMI)

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16 *Schimberg 2015 HH projections 31,273 HH, 22% 81,811 HH, 57% 30,245 HH, 21%

Quantify Cost Burdened 17 14,477 HH 12,163 HH 14,892 HH 9,479 HH 10,507 HH $29,650$17,800$47,400$68,256 Note: Income based on 3 persons per household county average

County/AHAC Response Monitor Metrics to Predict Need Take Action 18

BCC Actions Taken Embrace and adopt monitoring and prediction methodology and bring back to the BCC for approval Authorize staff and AHAC to further evaluate and recommend best practice incentives and tools via Triennial Incentive Review public process (to include alternatives for incenting rental development) Trigger existing incentives back “on” in response to model indicators  Retain density bonus units in approved developments  Reinstate Impact Fee Deferral Program for single family units 19

More Responses Under Discussion Expedited PermittingProximity to Transportation and Employment Centers Impact Fee Waivers and ModificationsAffordable Workforce Housing Impact Fee Density FlexibilityInclusionary Zoning with PILO, Options Reservation of InfrastructureTax Increment Financing (CRA’s) Accessory Dwelling UnitsReal Estate Tax or Assessment Parking and SetbacksMitigation Fee Buyout of Required Incentive Flexible Lot ConfigurationsExpand Housing Trust Fund Modification of Street RequirementsExpand incentives within Density Bands Process Oversight to avoid detriments to Affordable Workforce Housing Enhanced TDR’s for Affordable Workforce Housing Land Bank InventoryElderly Housing Incentives Micro Housing (Tiny Houses)Welcome additional options 20

KIM GRANT DIRECTOR COMMUNITY AND HUMAN SERVICES COLLIER COUNTY Thank You 21