KIM GRANTDIRECTOR

COMMUNITY AND HUMAN SERVICESCOLLIER COUNTY

DATA: MARCH 2015

Affordable Workforce Housing Information

1

2

What is affordable/workforce housing3

Includes mortgage, taxes and utilities; or rent and utilities

What is affordable/workforce housing4

National Standard: Housing and Urban Development (HUD) categories of Area Median Income (AMI)

AMI is the median income of those in the Naples – Marco Island Metropolitan Statistical Area Includes all reoccurring income such as wages,

interest, dividends, social security 50% earn below and 50% above $62,900 (raised to $66,500 after this data prepared)

Levels : 0 – 30%, 30.1 – 50%, 50.1 – 80 %, 80.1 – 120% , 120.1 +

5

15,531

15,555

24,320

25,103

57,849

6

11%

11%

17%

18%

42%

RentalCandidatesRentalCandidates

HomeownerCandidatesHomeownerCandidates

7

8

Note: Income based on 3 persons per household county average

9

10 Source: Wells Fargo HOI

AverageMedianHousingPrice - Sold

AMI

HOI

$72.8K

68.6

11

12

13

Note: Income based on 3 persons per household county average

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Rental Rates Out of Line with Incomes

Source: Florida Jobs.org OES Occupational Employment Statistics

Income level for Rental Candidates (50% AMI)

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16*Schimberg 2015 HH projections

31,273 HH,22%

81,811 HH, 57%

30,245 HH, 21%

Quantify Cost Burdened17

14,477 HH

12,163 HH

14,892 HH

9,479 HH

10,507 HH

$29,650 $17,800 $47,400 $68,256

Note: Income based on 3 persons per household county average

County/AHAC Response18

BCC Actions Taken

Embrace and adopt monitoring and prediction methodology and bring back to the BCC for approval

Authorize staff and AHAC to further evaluate and recommend best practice incentives and tools via Triennial Incentive Review public process (to include alternatives for incenting rental development)

Trigger existing incentives back “on” in response to model indicators Retain density bonus units in approved developments Reinstate Impact Fee Deferral Program for single family units

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More Responses Under Discussion

Expedited Permitting Proximity to Transportation and Employment Centers

Impact Fee Waivers and Modifications

Affordable Workforce Housing Impact Fee

Density Flexibility Inclusionary Zoning with PILO, Options

Reservation of Infrastructure Tax Increment Financing (CRA’s)

Accessory Dwelling Units Real Estate Tax or Assessment

Parking and Setbacks Mitigation Fee Buyout of Required Incentive

Flexible Lot Configurations Expand Housing Trust Fund

Modification of Street Requirements

Expand incentives within Density Bands

Process Oversight to avoid detriments to Affordable Workforce Housing

Enhanced TDR’s for Affordable Workforce Housing

Land Bank Inventory Elderly Housing Incentives

Micro Housing (Tiny Houses) Welcome additional options

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KIM GRANTDIRECTOR

COMMUNITY AND HUMAN SERVICESCOLLIER COUNTY

KIMBERLEYGRANT@COLLIERGOV.NET239-252-6287

Thank You21