1. George Penfold Regional Innovation Chair Selkirk College Nakusp Development Board, Nakusp B.C. March 12, 2009

2.  Background on housing industry  Background on population  Background on housing stock.  Census based needs assessment  Roles in responding to needs?

3.  $78.6 M (72% of total) in Residential Building Permits RDCK, 2007, $102.5 M in 2008  54% of Residential Permit Value in rural RDCK in 2007, 57% in 2008  Annual house maintenance - Estimate @ 1% = $63.5 M annually

4. Kootenay Development Region199720072008 Total employed, all industries ('000)65.377.171.5 Construction3.69.28.0 Finance, insurance, real estate, leasing3.03.22.3 Business, building, support services1.62.41.6 Manufacturing7.68.44.6 Forestry, fishing, mining, oil and gas4.15.46.9

5.  RDCK (2008) Assessed Developed Residential Property Value - $6.35 B ($113,400 per person)  Largest “equity” pool for many households  Big contributor to basic quality of life, comfort and to “status” for many

6.  “Boomer” generation retiring. Creates housing demand for retired, semi retired and “amenity migrants”  West Kootenay Labour Force projected needs - 7,100 new and replacement workers 2006 to 2011  Competing demands generate increasing prices if supply is not adequate

7.  Homeowners contribute to affordable inventory by “up scaling,” “home makeovers”  Average RDCK dwelling value escalated more (62%) than average household income (14%), rental rates (8.35%) and minimum wage (0%) - 2001 to 2006

8. Census 2006In CommuteOut CommuteLive/Work Nakusp280460 New Denver10020100 Silverton25 RDCK E.A. K23565 RDCK E.A. H290945205 Total6951,225830

10. % of Total Population

15. Area Couples With Children Couple No Children One personOther Lone parent families (part of other) Total Households Slocan Arrow Lakes7951,4351,2504753953,955 Nakusp1552402107545680 E.A. K1553602208575820 Total Nakusp, E.A. K3106004301601201500

16. Location (2006 Census) Avg. Dwelling Value 2006 Avg. Household Income 2005 Avg. Dwelling Value 2006/Avg. Household Income 2005 Arrow Lakes/Slocan$227,480$44,8045.1 Nelson Area$287,321$54,2505.3 RDCK$240,339$51,5744.7 BC$418,703$67,6756.2

17. Location (2006 Census) % Total Households Spending 30% or more Proportion Rental Slocan, Arrow Lakes24.4%33.9% Nakusp21.5%42.3% RDCK E.A. K10.8%28.6% Nelson27.9%46.9% RDCK23.8%41.5% BC28.4%45.5%

18. Couple Family Without children Couple Family With children Lone-parent family households Other family households One person households Non-Family RDCK E.A. K3010201015 Nakusp201025 70 Total5020453585 Total Type 600310120160430 % Type 8.3%6.5%37.5%21.8%19.8%

19. Total Income (Tax filer 2005)Total Median Income Average Income Couple economic families13,945$57,197$66,043 Male lone-parent economic families480$48,918$50,667 Female lone-parent economic families1,775$27,918$34,581 Males 15 years and over not in economic families4,790$23,143$30,125 Females 15 years and over not in economic families4,625$18,744$23,775

20.  Following are possible categories of housing need: basic shelter (emergency, homeless) shelter/care subsidized rental housing market rental housing non-market housing market housing

21.  Different partners and roles depending on what housing is being considered:  Local and/or Regional Government  Provincial and Federal Government (BC Housing, CMHC)  Local and/or Regional NGO’s, CBT  Private Sector  Basic Question: who will invest in, and manage affordable housing development?