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Washington County: The Challenge Ahead
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ECONOMIC ENGINE High Wages Local Perspective Employment Base
Highlights: Average wage of $53,991 (highest in Oregon) Poverty rate is 26% lower than the Oregon average Washington County employers contributed $12.7 billion in payroll in 2010, which was one in every 5 dollars in Oregon Highest median household income in the Portland region at $60,555
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DEMOGRAPHICS 530,000 residents 201,000 households Youth
Larger households and families Diverse 2010 Census Population of 529,710 residents 200, 934 households Younger: Median age is 35 (Oregon is 39.5) Average household size is 2.6; The average family size is 3.14 (larger than Oregon) 15.7% of residents identify themselves as Hispanic or Latino, highest in the Portland metro area 8.6% of residents identify themselves as Asian, highest in the State of Oregon Other sizeable populations include Black or African American residents, American Indian and Alaskan Native residents, and Native Hawaiian and Pacific Islander residents comprising 1.8%, 0.7% and 0.5% respectively The 8% decrease of the white population in Washington County was the largest compositional race shift in the Portland metro area according to the 2010 Census. This made Washington County less white than Multnomah County for the first time.
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HOUSING AFFORDABILITY
Market Rent Homeownership Increasing Cost Burden Tight rental market with 3.66% regional vacancy rate right now. It is even lower in the report for Low-Income Housing Tax Credit properties in the region where the average vacancy rate is 2.48% and average rent per square foot is $1.13. Highest median rent of all counties in state: $961/month Second-highest median ownership costs in state : $1,888/month *For housing units with a mortgage Percent of households paying 30% or more of their gross income towards housing in 2012 Renters: 46.5% Owners: 37.7% 22.2% of renters are paying 50% or more 13.0% of owners are paying 50% or more ACS
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SUBURBANIZATION OF POVERTY
Neighborhood Change Washington County overall Regional implications Changing cities The poverty rate in Washington County has increased 58% since 2000. The population living below the poverty level in Washington County reached its highest level ever in It is now at 12.4%. Growth in the poverty rates in some of the larger cities in Washington County are now outpacing the cities of Portland, Vancouver and Gresham. Tualatin saw the sharpest increase in its poverty rate in the Portland metro area rising from 5.5% in 2000 to 13.6% in 2010 ( a rise of 189.1%) While Beaverton’s population rose 18.8% between 2000 to 2010, its population living below the poverty level rose 101% during that same time Tigard also saw its population living below the poverty level rise almost 75% between 2000 to 2010 Hillsboro experienced a dramatic increase in population nearing 32% since 2000 while its population living below the poverty level rose almost 71%
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EQUITY Provided by TriMet
Despite the fact that 12.4% of the overall population in Washington County lives below the poverty level, the data shows that there are disenfranchised populations who disproportionately tend to live below the poverty level 23.8% of the American Indian and Alaskan Native population in Washington County lives below the poverty level 22.9% of the Hispanic population in Washington County lives below the poverty level 21.0% of children under the age of five live below the poverty level 16.4% of the Black or African American population in Washington County lives below the poverty level 16.0% of persons with special needs live below the poverty level. 13.6% of the Native Hawaiian and Pacific Islander population in Washington County lives below the poverty level 13.6% of children under the age of 18 live below the poverty level
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OUR FOCUS AND CHALLENGES
Supply of 7,000 Units Need of 14,000 ~ 23,000 Units Production at about 150 annually Ares of Opportunity SUBSIDIZED HOUSING SUPPLY: A LITTLE OVER 7,000 UNITS 14,000 units to 23,000 units for renter households earning at or below 50% AMI PRODUCTION LEVEL AROUND 150 UNITS ANNUALLY Challenge in suburbs for areas of opportunity is the fact that a lot of the areas of opportunity are near the city centers where it is currently more affordable to live and a lot of low-income and vulnerable populations are located
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Cost Containment Awareness of the issue Entire toolbox approach
TASK AHEAD Cost Containment Awareness of the issue Entire toolbox approach
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