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Home My WebLink AboutCommittee of the Whole - 01 Feb 2021 - Agenda - Pdf CITY OF RENTON AGENDA Committee of the Whole Meeting 6:00 PM - Monday, February 1, 2021 Videoconference 1. Housing Action Plan Update a) Housing Action Plan Currently, due to the spread of COVID-19, all regularly-scheduled committee meetings will be held as necessary via video-conference. City hall is closed to the public. If you would like to attend this week's meeting remotely, you can do so by going to https://us02web.zoom.us/j/84106149222?pwd=aDR3UUN5L3dyQ3dTVTJFdmRsSm12QT09 Zoom Meeting ID: 841 0614 9222 Passcode: 327469 You can call through Zoom at 253.215.8782 and use the Meeting ID 841 0614 9222 City of Renton Housing Action Plan 2020 Hannah Bahnmiller Housing Programs Manager 2 AGENDA ITEM #1. a) Overview 3 AGENDA ITEM #1. a) Structure STEP 1 Needs Assessment STEP 2 Policy Review STEP 3 Policy Tools STEP 4 Recommendations Subregional Framework (Auburn, Burien, Federal Way, Kent, Renton, and Tukwila) Renton Housing Action Plan HB 1923 Grant AGENDA ITEM #1. a) SoKiHo Goals: 6 Subregional Framework Housing Market & Household Demographics Policy Impacts in the Sub-Region Consistent & Unified Messaging AGENDA ITEM #1. a) HAP Goals: 7 Housing Action Plan Build on Past Work Identify Near Term Strategies Support Housing Element Update Adopt Unified Implementation Plan AGENDA ITEM #1. a) Timeline APRIL 2020 AUGUST 2020 OCTOBER 2020 JANUARY 2021 APRIL 2021 Needs Assessment Housing Policy Review Housing Policy & Tool Options Recommendations Renton’s Housing Action Plan Sub-Regional Framework Grounding Discussions Community Conversations Online FeedbackCommunity Input 8 AGENDA ITEM #1. a) Engagement APRIL 2020 AUGUST 2020 Community Input OCTOBER 2020 JANUARY 2021 APRIL 2021 Grounding Interviews Community Conversations Project Website Renton’s Housing Action Plan 9 AGENDA ITEM #1. a) Advisory Committee 10 AGENDA ITEM #1. a) South King Households 11 AGENDA ITEM #1. a) Context 24% 17% 22% 9% 28% 18% 16% 23% 12% 31% 0% 5% 10% 15% 20% 25% 30% 35% 0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI 100%+ AMI Income Distribution in Sub-Region by AMI 2012 Households 2018 Households PUMS, 2012 & 2018 (ECONorthwest)12 Displacement has already occurred at the lowest income levels, with uneven impacts AGENDA ITEM #1. a) Context 18% 27% 32% 32% 39% 46% 20% 17% 33% 26% 21% 22% 62% 57% 36% 41% 41% 32% 0%10%20%30%40%50%60%70%80%90%100% Asian White Hispanic Pac. Islander Black American Indian Sub-Region Household Income as AMI by Race & Ethnicity Under 50% AMI 50-80% AMI Over 80% AMI PUMS, 2018 (ECONorthwest)13 Displacement has already occurred at the lowest income levels, with uneven impacts AGENDA ITEM #1. a) South King Need 14 AGENDA ITEM #1. a) Underproduction + Future Need Need 215,126 19,723 43,367 OFM 2019, PSRC 2017 (ECONorthwest) Current Units Current Underproduction Future Need 15 Housing production is not keeping pace with household growth in South King County AGENDA ITEM #1. a) Annual Production 2 3,155 2,149 CURRENT New housing units built in SKC on average every year since 2011 FUTURE NEED Average number of new units needed in SKC per year through 2040 Context OFM 2019, PSRC 2017 (ECONorthwest)16 Almost a 50% increase in average production is needed to meet 2040 housing need targets AGENDA ITEM #1. a) 521 172 339 211 300 463 301 105 202 77 307 438 0 100 200 300 400 500 600 Auburn Burien Federal Way Tukwila Kent Renton Annual needed production Average annual new housing Increase in yearly housing production to meet 2040 targets +6% 0% +174% +68% +64% +73% Context Housing production is not keeping pace with household growth in South King County AGENDA ITEM #1. a) Renton Households 18 AGENDA ITEM #1. a) Household Income in Renton Lowest Highest Area Median Income (2019)50% of Households 50% of Households Area = King County $108,600 AGENDA ITEM #1. a) 80% -100% AMI Moderate Income 50% -80% AMI Low Income 30% -50% AMI Very Low Income 30% or less of AMI Extremely Low Income 1 person 2 person 3 person 4 person up to $23,250 $38,750 $62,000 $77,500 $26,580 $44,300 $70,880 $88,600 $29,910 $49,850 $79,760 $99,700 $33,210 $55,350 $88,560 $110,700 Engineer $104,290 Dental Hygienist $92,860 Architect $79,030 100% AMI (2019) $108,600 EMT $75,490 Middle School Teacher $66,490 Drywall Installer $62,080 Admin Assistant $45,910 Bartender $39,440 Restaurant Cook $33,760 Personal Care Aide $29,610 Food Prep $25,640 HUD 201920AGENDA ITEM #1. a) = 250 households >100% AMI of Renton households44% 80–100% 11 %15% 50–80% 14% 30–50% 16% 0–30% Household Incomes AGENDA ITEM #1. a) … and about 46% of Renton’s households rent their homes. About 54% of Renton’s households own their homes... >100% AMI80–100%50–80%30–50%0–30% = 250 households of Renton households44%11 %15%14%16%AGENDA ITEM #1. a) About 37% of all Renton’s households are experiencing a housing cost burden. have high housing costs (housing >30% income) >100% AMI80–100%50–80%30–50%0–30% = 250 households OwnersRenters7%32%48%68%84%AGENDA ITEM #1. a) About 16% of all Renton’s households are experiencing a severe housing cost burden. = 250 households >100% AMI80–100%50–80%30–50%0–30%OwnersRentershave severe housing costs (housing >50% income)0%5%7%24%66%AGENDA ITEM #1. a) Context HUD CHAS, 2012-2016 estimates (BERK) Cost Burdened Households by Race in Renton 25 There are diverse needs for housing- related support in Renton AGENDA ITEM #1. a) Context HUD CHAS, 2012-2016 estimates (BERK) Renton Households by Race and Tenure 26 There are diverse needs for housing- related support in Renton AGENDA ITEM #1. a) Renton Housing Needs 27 AGENDA ITEM #1. a) Housing Needs Statements 1 By 2040, Renton will need another 9,300 housing units. Low-and moderate-income households in Renton are facing increased cost burden in the market. Existing supplies of developable land in Renton can support local housing needs. Renton needs additional supplies of subsidized, income-qualified housing. There are diverse needs for housing-related support in Renton. 28 1 2 3 4 5 AGENDA ITEM #1. a) 29 Significant government support essential Significant government support needed for most housing types and markets Subsidy or incentives needed in many markets Permissive zoning or zoning flexibility needed in some markets >125% AMI80-125% AMI50-80% AMI30-50% AMI<30% AMILevel of SupportGreater government intervention is required at lower AMI levels AGENDA ITEM #1. a) Affordability Level by Housing Type AMI Studio 1-bed 2-bed 30%$542 $582 $698 50%$904 $970 $1,164 80%$1,448 $1,552 $1,862 100%$1,810 $1,938 $2,326 Context HUD, 201830AGENDA ITEM #1. a) Context 758 4,885 13,140 4,878 1,620 4,885 6,200 7,763 4,370 6,513 0 5,000 10,000 15,000 20,000 0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI 100%+ AMI Existing Units Affordable by Income and Tenure in Renton Renter Owner PUMS, 2018 (ECONorthwest)32 By 2040, Renton will need another 9,300 housing units AGENDA ITEM #1. a) 219 1,472 9,860 1,588 0 2000 4000 6000 8000 10000 12000 0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI Naturally Occurring Affordable Housing in Renton 1-bedroom 2-bedroom 3-bedroom 4-bedroom 5-bedroom Context PUMS, 2018 (ECONorthwest)33 Renton needs additional supplies of subsidized, income-qualified housing AGENDA ITEM #1. a) Context WSHFC, HUD, KCHA, and RHA (ECONorthwest) 133 18 243 1186 Income Restricted Units by Income Limit in Renton LIH 30% LIH 35% LIH 40% LIH 50% LIH 60% 34 Renton needs additional supplies of subsidized, income-qualified housing AGENDA ITEM #1. a) Need OFM 2019, PSRC 2017 (ECONorthwest)35 The majority of future units will need to be targeted to below median incomes AGENDA ITEM #1. a) Need PUMS, 2018 (ECONorthwest)36 The majority of future units will need to be targeted to below median incomes 758 4,885 13,140 4,8784,885 6,200 7,763 4,370894 1,079 1,852 1,339 0 5000 10000 15000 20000 25000 0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI Existing and New Units Affordable by Income in Renton Renter Owner New Units AGENDA ITEM #1. a) Next Steps 37 AGENDA ITEM #1. a) Timeline APRIL 2020 AUGUST 2020 OCTOBER 2020 JANUARY 2021 APRIL 2021 Needs Assessment Housing Policy Review Housing Policy & Tool Options Recommendations Renton’s Housing Action Plan Sub-Regional Framework Grounding Discussions Community Conversations Online FeedbackCommunity Input 38 AGENDA ITEM #1. a) CONTACT Hannah Bahnmiller Housing Programs Manager City of Renton Questions? hbahnmiller@rentonwa.gov 206-503-3426 rentonwa.gov/hap 39 AGENDA ITEM #1. a)