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Housing Policy Meeting

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Presentation on theme: "Housing Policy Meeting"— Presentation transcript:

1 Housing Policy Meeting
Non-Competitive Housing

2 Global Issue 8: How Do We Deal With an Overabundance of Certain
Overabundance of Less Competitive Housing 2 Bedrooms Small House/Lot Size 70% Starter Homes Older Non-historic Missing Amenities Balance between affordable and City needs? How Do We Deal With an Overabundance of Certain Style Houses? Housing Policy Meeting

3 Global Issue 8: Question 1: How Do We Deal with an Overabundance
Overabundance of Less Competitive Housing Question 1: How Do We Deal with an Overabundance of 2 Bedroom Housing ? 2016 Census estimate: 40.3% of Middletown Housing Is Two Bedrooms or Less Housing Policy Meeting

4 Global Issue 8: Question 1: How Do We Deal with an Overabundance
Overabundance of Less Competitive Housing Question 1: How Do We Deal with an Overabundance Of 2 Bedroom Housing? Balanced Housing Stock Based on Number of Bedrooms as a Percent of Total Housing Stock* # Middletown Middletown Mix at # Bedrooms Households Butler County% Difference None 580  2.5% 185 0.8% -395 1 bed 2,551  11.1% 1,453 6.3% -1,098 2 bed 8,300  36.0% 5,582 24.2% -2,718 3 bed 8,996  39.0% 8,904 38.6% -92 4 bed 2,386  10.3% 6,043 26.2% 3,657 5 or more 255  1.1% 899 3.9% 644 To “balance” with Butler County housing, we would need to demolish 4,303 smaller homes and replace them with new 3-4 bedroom homes. * 2015 census data. BC percentages calculated by backing Middletown out Housing Policy Meeting

5 Global Issue 8: Question 2: How Do We Deal with an Overabundance
Overabundance of Less Competitive Housing Question 2: How Do We Deal with an Overabundance Of Under $100K Housing? 55.4% of Middletown Housing is Valued Under $100,000 34.5% of Ohio Housing is Valued Under $100,000 Housing Policy Meeting

6 Global Issue 8: Question 2: How Do We Deal with an Overabundance
Overabundance of Less Competitive Housing Question 2: How Do We Deal with an Overabundance Of Under $100K Housing? Balanced Housing Stock Based on Price Range as a Percent of Total Housing Stock* Middletown # Middletown Housing Mix at Housing Value Households** Butler County % Difference Less than $50,000 1,585 15.2% 614 5.9% -971 $50K - 99,999 4,187 40.2% 1,592 15.3% -2,595 $100K - 149,999 2,397 23.0% 2,175 20.9% -222 $150K - 199,999 1,353 13.0% 2,540 24.4% 1,187 $200K - 299,999 598 5.7% 2,342 22.5% 1,744 $300K - 499,999 182 1.7% 926 8.9% 744 $500K - 999,999 68 0.7% 177 109 over $ 1 million 38 0.4% 31 0.3% -7 *2015 census data. BC percentages calculated by backing Middletown out **Middletown Owner Occupied Homes To “balance” with Butler County housing, we would need to demolish 3,788 homes under $150,000 and replace them with homes priced between $150,000-$499,000. Housing Policy Meeting

7 ESTIMATED ANNUAL DEMAND ESTIMATED ANNUAL DEMAND
Global Issue 8: Overabundance of Less Competitive Housing Question 1: How Do We Deal with an Overabundance Of 2 bedroom Housing? From Danter:  CONDOMINIUM PRICE RANGE ESTIMATED ANNUAL DEMAND $150,000 - $199,999 15 $200,000 - $249,999 6 $250,000 - $299,999 4 $300,000 - $349,999 $350,000 - $399,999 2 $400, $499,999 1 $500,000 and Over Total 33  SINGLE FAMILY HOME PRICE RANGE ESTIMATED ANNUAL DEMAND $150,000 - $199,999 45 $200,000 - $249,999 36 $250,000 - $299,999 14 $300,000 - $349,999 12 $350,000 - $399,999 10 $400, $499,999 7 $500,000 and Over 3 Total 127 Housing Policy Meeting

8 Global Issue 8: Tools: Industrial Buffer – remove Lower Value homes
Overabundance of Less Competitive Housing Tools: Industrial Buffer – remove Lower Value homes Add Master Suite where possible in Target Neighborhoods Increase Value with Add’l Bedroom and Bath Infill Construction must be 3+ bedrooms – Over $100K New Home Construction (Ryan, etc.), all 3+ bedrooms – Over $100K Housing Policy Meeting

9 Global Issue 9: Healthy Neighborhoods What are the Characteristics
Infrastructure – streets, sidewalks, alleys, lighting Parks/ Recreation Gateways What are the Characteristics of a Healthy Neighborhood? Housing Policy Meeting

10 Global Issue 9: Healthy Neighborhoods Pavement Conditions Citywide
What are the Characteristics of a Healthy Neighborhood? Housing Policy Meeting

11 Global Issue 9: Healthy Neighborhoods What are the Characteristics
of a Healthy Neighborhood? Gateways Alleys (Kansas City) Street Lighting (LED, Decorative, Light Standards) Housing Policy Meeting

12 Global Issue 9: Healthy Neighborhoods What are the Characteristics
of a Healthy Neighborhood? Global Issue 9: Healthy Neighborhoods Modern Neighborhood Parks (Parks Master Plan, Tie in Local Industry) Housing Policy Meeting

13 Global Issue 10: Healthy Neighborhoods
A balanced housing stock is a subjective evaluation that creates a diverse housing stock, providing best possible choice in: Housing Types (Mix Of Single Family/ Multi-family); Size Of Housing (Mix Of Sq. Feet/ Bedrooms, Etc.); Age Of Housing (New Construction/ Renovated/Historic); Affordability (Mix Of Price Ranges Of Homes/Rents); Amenities (E.G.’S-garage/ Recreation/ Off Street Parking/ Parks # Bathrooms/ Updated Electric, Etc.); Location; And Housing Density To attract a wide range of residents with varying family sizes and household incomes resulting in full occupancy, increased demand for homes and rentals, with the highest possible income tax potential and appreciating property and rental income values. Housing Policy Meeting

14 Global Issue 10: Healthy Neighborhoods Wi-fi Access
Neighborhood Business Needs Access to Health Care Access to Retail/Food Smart City Concepts School Readiness/ Tutoring Day Care Transportation Low Crime Recreational Opportunities Workforce Participation Landscaping/ Trees Non-Infrastructure Characteristics? Housing Policy Meeting

15 November 8 Proposal Deals with the Global Issues We’ve Discussed Since
Developer Presentation on Proposed Baltimore Neighborhood Redevelopment Proposal Deals with the Global Issues We’ve Discussed Since June Housing Policy Meeting

16 Housing Policy Meeting
Non-Competitive Housing


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