1. Washington Area Housing Partnership Workforce Housing Briefing City of Alexandria June 7, 2006 Hon. Barbara Favola Chair, Washington Area Housing Partnership Member, Arlington County Board

2. Affordable Workforce Housing In the Metropolitan Washington Region, we are a victim of our own success. This region is a great place to live, work, visit, and invest. Unfortunately though, it is unaffordable for many who live here.

3. The escalating housing costs in the metropolitan region make recruiting new teachers, police officers, and firefighters difficult. Problem Statement  $430,000 is the Median Sales Price of housing units sold during the first Quarter of 2006. (Source: 2006 Metropolitan Regional Information Systems and COG)  To afford the Median Priced home a household would need to earn $114,000 annually. (Source: 2006 Metropolitan Regional Information Systems)  $77% of housing units sold for over $300,000 during the first Quarter of 2006 in Alexandria (Source: 2006 Metropolitan Regional Information Systems and COG)  $50,000 is the average occupational wage in the region. (Source: 2005 Bureau or Labor Statistics)

4. *Monthly cost based on 2006 median MRIS first quarter home sales data ($430,000 loan at a 7% interest rate over 30 years) Note: Wages for the OES survey are straight-time, gross pay, exclusive of premium pay. Avg. Monthly Occupational Income for Washington Region compared to the Monthly Mortgage Cost for the 2006 Median Priced Home Sold in Alexandria $2,860 Monthly Mortgage of Median Priced Home Sold in Alexandria (Source: Bureau of Labor Statistics, MRIS, and COG)

5.  Attracts new residents that provide everyday services to a community, such as teachers, child care providers and law enforcement officers.  Creates options for residents to live near their place of employment, thus reducing traffic congestion and time spent away from families. –Housing Costs are crucial to 67.6% of business location decisions. Source: Development Magazine  Means never having to tell your graduates, new families, disabled, or seniors, "you must leave us because there is no housing for you." Workforce Housing Benefits the Community and the Economy

6. The Partnership: Convenes regional leaders and stakeholders to advocate for expansion of affordable housing opportunities. –Researches and reports on local housing policies and provides technical assistance to non-profit organizations and local governments. –Recognizes successful local government policies and programs through the Partnership’s Best Practice Awards. –Includes lending institutions, local and national advocacy groups, local governments and affordable housing developers.

7. Outlines affordable housing best practices Provides examples of successful implementation by local governments Launched Dec. 2005 The Toolkit

8. Alexandria maintains only 2 of the 11 affordable housing best practices related to land-use/design or planning and zoning Alexandria maintains 80% of the affordable housing best practices featured in the Toolkit unrelated to planning and zoning tools Alexandria Compared to the Region

9. Funding provided by: