April 24, 2015 Rental Housing Update. Who thinks that we have a rental housing crisis? Who has the housing solutions?

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Presentation transcript:

April 24, 2015 Rental Housing Update

Who thinks that we have a rental housing crisis? Who has the housing solutions?

Available Rental Units in ‘inner’ Upper Valley 10,000 Rental Units in the Upper Valley Rental Data Compiled by the Upper Valley Housing Coalition

Strong and stable demand Lowest inventory in 5 years Recipe for rent increase

Utility cost increased Wages remain unchanged Recipe for disaster

How much is too much?

“Housing availability and affordability for all residents are critical components of the overall quality of life and economic stability for communities in the Upper Valley.” As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;

“In the Upper Valley Lake Sunapee Regional Planning Commission region, it is estimated that between 3,800 and 4,600 new housing units will be needed between 2010 and 2020” “…between 1,600 and 1,900 should be built with workforce needs in mind” As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;

“According to projection models 10% of new units built in the next 10 years may need to be rental units.” As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;

$6 Million Dollar Men: 2 Developers Plan Major Projects in Downtown White River Junction Sunday, May 4, 2014 by Valley News New Rental Units To Be Built Hartford

YIMBY Yes In My Back Yard

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Upper Valley Housing CoalitionUpper Valley Housing Coalition WWW. UVHC.ORG