1. Affordable Housing Strategy, Understanding, Solutions

2. Affordable Housing- Emerging Trends | 2 Challenge: Land Use (US) Decreasing densities & inefficient land use Decreasing densities & inefficient land use  From 1982 – 1997:  Population densities  in > 80% of 281 major U.S. metro areas  Urbanized land  by 47%, while U.S. population only  by 17%  From 1900 – 2000:  1 person households  from 5% to 26%  Since WWII,  family size while  home size

3. Affordable Housing- Emerging Trends | 3 Challenge: Land Use (FL) Florida’s land area = 42% agricultural & urban Florida’s land area = 42% agricultural & urban  450-acres forest & 410-acres farmland cleared to make room for ~ 1,000 new residents/day From 1982 – 1997: From 1982 – 1997:  Urbanized land  34% nationally  Urbanized land  58% in Florida Human activity has destroyed over 1/3 of Florida’s native habitats Human activity has destroyed over 1/3 of Florida’s native habitats

4. Affordable Housing- Emerging Trends | 4 Challenge: Population (FL) Florida Population: Florida Population:  1980 ~ 10,000,000  2005 ~ 17,000,000  2030 ~ 28,000,000 %  (1930 – 2000) %  (1930 – 2000)  U.S. Average ~ 230%  Miami-Dade ~ 1,800%  Broward ~ 8,000%

5. Affordable Housing- Emerging Trends | 5 Challenge: Population (TC) Martin, St. Lucie and Indian River Counties Martin, St. Lucie and Indian River Counties  The Treasure Coast is predicted to grow by 60 percent between now and 2030, bringing the total population to 720,000.

6. Affordable Housing- Emerging Trends | 6 Challenge/Opportunity: DRIs (TC) ~ 89,000 New Homes ~ 29,000,000 s.f. of Commercial Space

7. Affordable Housing- Emerging Trends | 7 Challenge: Housing (FL) Florida Building Permits – Single Family Detached: Florida Building Permits – Single Family Detached:  2002 ~ 127,000  2003 ~ 155,000  2004 ~ 185,000  2005 ~ 204,000 #1 in U.S. 12 out of Last 14 years #1 in U.S. 12 out of Last 14 years

8. St. Lucie County Taking home the bacon

9. Affordable Housing- Emerging Trends | 9 Median Income Income Levels Moderate income: 80% -120% AMI $43,680 - $65,520 Low income: 50% - 80% AMI $27,300 - $43,800 Very low income: 30%-50% AMI $16,380 - $27,300 Extremely low income: Less than 30% of AMI >$16,380 Median Income for a family of four in the Fort–Pierce/ St. Lucie Metropolitan Study Area is $54,600

10. Affordable Housing- Emerging Trends | 10 Adjusted Salaries Occupation – Entry Level 80-120% of AMI 50-80% of AMI 30-50% of AMI Civil Engineer $58,201 Teacher$32,500 Bank Loan Officer $31,767 Retail Sales Person $25,000

11. Affordable Housing- Emerging Trends | 11 Housing Affordability Area Medium Income Medium IncomeAMI Maximum Affordable Purchase Price Required family income level to be defined as affordable Property Taxes (Per St. Lucie County Property Appraisers) ApproximateInsurance Cost CostMortgage Payments 7% interest for 30 years Total Monthly Payment (30% of Gross) 60%$94,000$32,772$1,100 $91 per month $1,000 $83 per month $625$819 80%$124,000$43,480$1,750 $146 per month $1,600 $133 per month $825$1096 100%$143,780$54,600$2,550 $208 per month $2,350 $192 per month $958$1,366 120%$179,725$62,940$2,826 $235 per month $2,200 $183 per month $1,164$1,582 175%$257,500 2005 St Lucie Co. $94,840 $4,400 $367 per month $3,500 $292 per month $1,712$2,372

12. Affordable Housing- Emerging Trends | 12 Wage Vs Home Prices

13. Existing Programs The path more traveled?

14. Affordable Housing- Emerging Trends | 14 National Projects

15. Affordable Housing- Emerging Trends | 15 National Projects

16. Affordable Housing- Emerging Trends | 16 Solutions

17. Affordable Housing- Emerging Trends | 17 CLT’s and Inclusionary Zoning A Community Land Trust (CLT) is a private non-profit corporation created to acquire and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents. A Community Land Trust (CLT) is a private non-profit corporation created to acquire and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents.

18. Affordable Housing- Emerging Trends | 18 What will it do? Gain control over local land use and reduce absentee ownership. Gain control over local land use and reduce absentee ownership. Provide affordable housing for lower-income residents in the community. Provide affordable housing for lower-income residents in the community. Promote resident ownership and control of housing. Promote resident ownership and control of housing. Keep housing affordable for future residents. Keep housing affordable for future residents. Capture the value of public investment for long- term community benefit. Capture the value of public investment for long- term community benefit. Build a strong base for community action. Build a strong base for community action.

19. Affordable Housing- Emerging Trends | 19 Inclusionary Zoning

20. Affordable Housing- Emerging Trends | 20 Local governments enact inclusionary zoning to require or establish a voluntary goal for new residential developments to earmark a proportion of housing units for lower-income households. Local governments enact inclusionary zoning to require or establish a voluntary goal for new residential developments to earmark a proportion of housing units for lower-income households. Section Five (5), Housing Element, of the St. Lucie County Comprehensive Plan, establishes the County’s goals and methods to provide housing that meets the needs of existing and future St. Lucie County residents. Section Five (5), Housing Element, of the St. Lucie County Comprehensive Plan, establishes the County’s goals and methods to provide housing that meets the needs of existing and future St. Lucie County residents.

21. Affordable Housing- Emerging Trends | 21 Initial Goals It is hoped that over a ten year period approximately It is hoped that over a ten year period approximately  4,353 workforce housing units will be created  with potentially 4.35 million dollars directed to a Community Land Trust

22. Affordable Housing- Emerging Trends | 22 Where we are today? Draft documents have been produced Draft documents have been produced A consultant has been retained to finalize all documents A consultant has been retained to finalize all documents We still have a long road ahead! We still have a long road ahead!

23. Affordable Housing- Emerging Trends | 23 Need More? Please contact Jp Gellermann at Please contact Jp Gellermann at 772-462-1660 or email at jpgeller@ifas.ufl.edu