2. Image credit: http://blog. hzdg

5. Education Health Economy Housing
Affordable housing can have positive effects on education, health and the economy. Strengthen community’s workforce

6. Continuum Homelessness Housing instability Housing stability
a continuum, with individuals passing through many of these income categories throughout their lives or even during the course of a year.

7. Continuum Homelessness Housing instability Housing stability
a continuum, with individuals passing through many of these income categories throughout their lives or even during the course of a year.

8. Continuum Homelessness Housing instability Housing stability
a continuum, with individuals passing through many of these income categories throughout their lives or even during the course of a year.

9. UNSHELTERED Sleeping in a place unfit for human habitation
Sleeping in emergency and seasonal shelters or transitional housing
Doubled up with family and friends or sleeping in hotels or motels
UNSHELTERED

10. UNSHELTERED SHELTERED Sleeping in a place unfit for human habitation
Sleeping in emergency and seasonal shelters or transitional housing
Doubled up with family and friends or sleeping in hotels or motels
UNSHELTERED
SHELTERED
For the purpose of the PIT, it does not include:
PSH programs including VASH
RRHD projects

11. UNSHELTERED SHELTERED DOUBLED UP HOTEL/MOTEL Sleeping in a place
unfit for
human habitation
Sleeping in emergency and seasonal shelters or transitional housing
Doubled up with family and friends or sleeping in hotels or motels
UNSHELTERED
SHELTERED
DOUBLED UP
HOTEL/MOTEL

12. 4,388
Homeless or unstably housed students

13. ? HMIS CMS HMIS + CMS Institute for Social Capital
How many children in families receive services from both systems?
The Institute for Social Capital integrates (links across) the two datasets so that overlap can be examined.
Literally homeless + housing instability
Literally homeless (ES + TH) ?
Institute for Social Capital

14. 38% of homeless students not connected to MKV services
711 HMIS (ES/TH) children in families enrolled in CMS
CMS students
444
Students in ES/TH and MKV
3,944
MKV students
not in ES/TH*
267
Students in ES/TH but not MKV 
38%
of homeless students not connected to MKV services
HMIS (ES/TH) children in families

16. Continuum Homelessness Housing instability Housing stability
A community’s adequate supply of affordable housing plays an important role in creating inclusive communities, attracting and retaining a workforce, improving the well-being of households and creating economic opportunity.

17. 30% Pre-tax income Defining affordable housing: Varies
Generally 30% of pre-tax gross income
AMI as a way of measuring
A 4 person household would be considered low –income at $53,600 or less and extremely low income at 24,300.

18. Not a perfect measure Transportation and accessibility
Quality of housing schools and neighborhoods
Cost of living
Size of household
Residual / Discretionary income
Additional financial constraints
Changes in income over time
Quality child care

24. What this looks like for a family of 4
EXTREMELY
LOW-INCOME
VERY
LOW
INCOME
$33,500
$53,600
MODERATE
>$24,300
$80,400
>80,400
NOT
What this looks like for a family of 4

25. What this looks like for a family of 4
EXTREMELY
LOW-INCOME
VERY
LOW
INCOME
$33,500
$53,600
MODERATE
>$24,300
$80,400
>80,400
NOT
What this looks like for a family of 4

26. What this looks like for a family of 4
EXTREMELY
LOW-INCOME
VERY
LOW
INCOME
$33,500
$53,600
MODERATE
>$24,300
$80,400
>80,400
NOT
What this looks like for a family of 4

27. What this looks like for a family of 4
EXTREMELY
LOW-INCOME
VERY
LOW
INCOME
$33,500
$53,600
MODERATE
>$24,300
$80,400
>80,400
NOT
What this looks like for a family of 4

28. What this looks like for a family of 4
EXTREMELY
LOW-INCOME
VERY
LOW
INCOME
$33,500
$53,600
MODERATE
>$24,300
$80,400
>80,400
NOT
What this looks like for a family of 4

29. $7.25/hr
2 bedroom unit

30. 92
hours
$7.25/hr
2 bedroom unit

31. Challenges exist for affordable housing development in Charlotte-Mecklenburg
A community’s adequate supply of affordable housing plays an important role in creating inclusive communities, attracting and retaining a workforce, improving the well-being of households and creating economic opportunity.
Defining affordable housing:
Varies
Generally 30% of pre-tax gross income
AMI as a way of measuring
A 4 person household would be considered low –income at $53,600 or less and extremely low income at 24,300.

32. Housing prices are increasing
In October 2015 charlotte surpassed pre-economic recession peak as measured by Case Shiller Home Price index of single-family home repeat sales.
Rental costs are increasing. From 2008 to 2015, median gross rent increased by approximately 11%.

33. Housing prices are increasing Wages are not keeping pace
While median gross rent increased by 11% from 2005 to 2015, median income decreased by 7%.
Min wage 7.25 would work 92 hours
$34,560 how much you’d need to make to afford a 2bedroom unit at FMR.
A preschool teacher making median wage with two children would qualify as very low income.

34. Housing prices are increasing Wages are not keeping pace
Population is increasing
From 2010 to 2015, Mecklenburg county grew by 12.4% (114,000 people)
Estimated under conservative scenarios that our commuting zone will grow by at least 21% between 2010 and When using moderate estimates, it will grow as much as 47%.

35. 109 Housing prices are increasing Wages are not keeping pace
Population is increasing
From 2010 to 2015, Mecklenburg county grew by 12.4% (114,000 people)
Estimated under conservative scenarios that our commuting zone will grow by at least 21% between 2010 and When using moderate estimates, it will grow as much as 47%.
average daily growth of Charlotte MSA from
April 1, 2010 to
July 1, 2015

36. 21% Housing prices are increasing Wages are not keeping pace
Conservative estimate
21%
from 2010 to 2030
Housing prices are increasing
Wages are not keeping pace
Population is increasing
From 2010 to 2015, Mecklenburg county grew by 12.4% (114,000 people)
Estimated under conservative scenarios that our commuting zone will grow by at least 21% between 2010 and When using moderate estimates, it will grow as much as 47%.
Commuting zone

37. 47% Housing prices are increasing Wages are not keeping pace
Moderate estimate
47%
from 2010 to 2030
Housing prices are increasing
Wages are not keeping pace
Population is increasing
From 2010 to 2015, Mecklenburg county grew by 12.4% (114,000 people)
Estimated under conservative scenarios that our commuting zone will grow by at least 21% between 2010 and When using moderate estimates, it will grow as much as 47%.
Commuting zone

38. Housing prices are increasing Wages are not keeping pace
Population is increasing
Majority of low-income renters are cost burdened
$29,290 pre-school teacher with two children would qualify as very low income
From 2010 to 2014, 46% of renter-occupied households and 27% of owner-occupied households spend more than 30% of their gross income on housing
2008 to 2012
90% of extremely low-income households (0 to 30% of AMI)
84% of low-income households (31 to 50% AMI)

39. 90% of ELI households Mecklenburg County, 2013
Housing prices are increasing
Wages are not keeping pace
Population is increasing
Majority of low-income renters are cost burdened
$29,290 pre-school teacher with two children would qualify as very low income
From 2010 to 2014, 46% of renter-occupied households and 27% of owner-occupied households spend more than 30% of their gross income on housing
2008 to 2012
90% of extremely low-income households (0 to 30% of AMI)
84% of low-income households (31 to 50% AMI)
90% of ELI households Mecklenburg County, 2013

40. Housing prices are increasing Wages are not keeping pace
Population is increasing
Majority of low-income renters are cost burdened
Disparities of opportunity along race and economic lines exist
Affordable housing policy and practices have the potential to address or perpetuate housing instability and neighborhood segregation. And the geographic patterns opportunity we see today seend today are reflective of a legacy of policies and actions that had both intentional and unintentional effects.
Racially restrictive covenants, FHA backed mortgages, redlining, exclusions of African American veterans from the GI bill, urban renewal, reverse red-lining, predatory lending to communities of color, lack of access to credit. These discriminatory effects inhibit opportunities and must be acknowledged in order to be addressed.

41. $ Challenges in Charlotte-Mecklenburg Financial feasibility
The focus and context of our report were informed by interviews conducted with local and state policy makers, for-profidevelopers, non-profit developers, advocates, and thought leaders. Through these interviews, two themes emerged that highlight the challenges in developing affordable housing in Charlotte-Mecklenburg.
Strategies identified by examining national reports and literature
- high level overview and case study
Does not make a determination on which strategies are best or most feasible
Strategies are not to be considered in isolation. Must be combined with multiple strategies and take into account the local housing market dynamics of each neighborhood
Goal or report was to educate on what other cities are using, rather than to provide specific recommendations for which approach to take. As such, not all strategies presented are immediate options in charlotte mecklenbug, but there is still benefit from educating on what those strategies are and to place them into consideration as future tools.
Financial Feasibility
Land acquisition costs
Land availability and zoning
Length and unpredictability of permitting process
Lack of financing
Increasing development costs
Neighborhood opposition
Long-term affordability
Affordability periods expiring on certain subsidized units
Need for long-term affordability
Financial feasibility
Long-term affordability

42. Thank you