Prepared for the VT Affordable Housing Coalition, 2/8/2012 Leslie Black-Plumeau Vermont Housing Finance Agency

HUD’s Sustainable Communities Grant Program - Mission To create strong, sustainable communities by connecting housing to jobs, fostering local innovation, and helping to build a clean energy economy. Chittenden County ECOS Project

Background: HUD’s Sustainable Communities Grant Program ECOS project in Chittenden County Other VT projects : Burlington’s waterfront and downtown areas Two Rivers-Ottauquechee to begin in 2012 Northwest Vermont to begin in 2012 Chittenden County ECOS Project

ECOS project phases Chittenden County ECOS Project GoalsAnalysisIndicatorsImplementation PrioritiesImplementation Actions

Analysis reports finalized Chittenden County ECOS Project HousingEconomic Land use and transportation Natural resources EnergyPublic health

Housing analysis scope Housing choice fairnessHousing affordabilityCharacteristics and location of homesGrowth of housing stock Chittenden County ECOS Project

Housing choice 500 people homeless during last 1-night count, illustrating problems in both access to housing and housing affordability. Growing populations of non-white residents and single-parent families, but they’re more likely to experience poverty and less likely to become homeowners. Chittenden County ECOS Project

Growing population of non-whites Chittenden County ECOS Project

Housing choice: Homeownership rate by race Chittenden County ECOS Project

Affordability Chittenden County ECOS Project

Building Features: Year built Chittenden County ECOS Project Widespread use of lead paint, out-dated heating systems, built prior to ADA

Location: Housing Chittenden’s workforce Where do Chittenden workers live? 68% Chittenden 8% Franklin 5% Washington 5% Addison Housing costs are a problem for surveyed employers Turnover costs: $13,700 Employers lost an average of 2.46 recruits during the past 3 years due to housing.

Location: Percentage of workers commuting 25+ miles Chittenden County ECOS Project

Location Except for in Burlington, Winooski and a few other areas, average working resident spends more than 45% of income for housing and transportation. Less than 45% 45% and Greater Chittenden County ECOS Project

Growth, Modest expected pop. growth and rental demand will likely require stepping up rental housing production. Will need roughly 200 more rental homes per year to meet demand—about more than created in prior years. Enough owned homes already in planning. Chittenden County ECOS Project

Housing Needs Assessment reports Or request to Chittenden County ECOS Project

ECOS project phases Chittenden County ECOS Project GoalsAnalysisIndicators (Current phase)Implementation PrioritiesImplementation Actions

Measuring success Two ways to help set measures of progress in Chittenden County: 1. Public meeting on housing indicators at VHFA’s offices (164 St. Paul Street, Burlington) on Thursday, Feb. 16 th, 2-4pm. 2. Provide written comments on draft indicators on-line: t Chittenden County ECOS Project