George Penfold Regional Innovation Chair Selkirk College Nakusp Development Board, Nakusp B.C. March 12, 2009

 Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs?

 $78.6 M (72% of total) in Residential Building Permits RDCK, 2007, $102.5 M in 2008  54% of Residential Permit Value in rural RDCK in 2007, 57% in 2008  Annual house maintenance - 1% = $63.5 M annually

Kootenay Development Region Total employed, all industries ('000) Construction Finance, insurance, real estate, leasing Business, building, support services Manufacturing Forestry, fishing, mining, oil and gas

 RDCK (2008) Assessed Developed Residential Property Value - $6.35 B ($113,400 per person)  Largest “equity” pool for many households  Big contributor to basic quality of life, comfort and to “status” for many

 “Boomer” generation retiring. Creates housing demand for retired, semi retired and “amenity migrants”  West Kootenay Labour Force projected needs - 7,100 new and replacement workers 2006 to 2011  Competing demands generate increasing prices if supply is not adequate

 Homeowners contribute to affordable inventory by “up scaling,” “home makeovers”  Average RDCK dwelling value escalated more (62%) than average household income (14%), rental rates (8.35%) and minimum wage (0%) to 2006

Census 2006In CommuteOut CommuteLive/Work Nakusp New Denver Silverton25 RDCK E.A. K23565 RDCK E.A. H Total6951,225830

% of Total Population

Area Couples With Children Couple No Children One personOther Lone parent families (part of other) Total Households Slocan Arrow Lakes7951,4351, ,955 Nakusp E.A. K Total Nakusp, E.A. K

Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 Arrow Lakes/Slocan$227,480$44, Nelson Area$287,321$54, RDCK$240,339$51, BC$418,703$67,6756.2

Location (2006 Census) % Total Households Spending 30% or more Proportion Rental Slocan, Arrow Lakes24.4%33.9% Nakusp21.5%42.3% RDCK E.A. K10.8%28.6% Nelson27.9%46.9% RDCK23.8%41.5% BC28.4%45.5%

Couple Family Without children Couple Family With children Lone-parent family households Other family households One person households Non-Family RDCK E.A. K Nakusp Total Total Type % Type 8.3%6.5%37.5%21.8%19.8%

Total Income (Tax filer 2005)Total Median Income Average Income Couple economic families13,945$57,197$66,043 Male lone-parent economic families480$48,918$50,667 Female lone-parent economic families1,775$27,918$34,581 Males 15 years and over not in economic families4,790$23,143$30,125 Females 15 years and over not in economic families4,625$18,744$23,775

 Following are possible categories of housing need: basic shelter (emergency, homeless) shelter/care subsidized rental housing market rental housing non-market housing market housing

 Different partners and roles depending on what housing is being considered:  Local and/or Regional Government  Provincial and Federal Government (BC Housing, CMHC)  Local and/or Regional NGO’s, CBT  Private Sector  Basic Question: who will invest in, and manage affordable housing development?