Presentation is loading. Please wait.

Presentation is loading. Please wait.

Housing Policy Meeting

Similar presentations


Presentation on theme: "Housing Policy Meeting"— Presentation transcript:

1 Housing Policy Meeting
Target Neighborhoods

2 Fix It or Destroy It Substandard Conditions
Middletown Master Plan 1963 55 years ago Fix It or Destroy It Housing Policy Meeting

3 Housing Stock/Neighborhoods
December 4, 2018 Housing Stock/Neighborhoods – high Priority Housing Stock/Neighborhoods Housing Committee Housing Policy Global Issue One – Tax Delinquent Property Global Issue Two – Vacant Residential Property Global Issue Three – Vacant Residential Land Global Issue Four – Property Maintenance Code Compliance Global Issue Five – Housing Buffer Around Heavy Industry Areas Global Issue Six – Home Ownership Global Issue Seven – Rental Housing Global Issue Eight – Overabundance of Less Competitive Housing. Global Issue Nine –  Healthy Neighborhood Infrastructure Global Issue Ten – Non-Infrastructure Aspects of a Health Neighborhood Global Issue Eleven –  Unintended Consequences of Housing Choices – Gentrification Global Issue Twelve – Selection of a Neighborhood for Revitalization A balanced housing stock is a subjective evaluation that creates a diverse housing stock, providing best possible choice in: housing types (mix of single family/ multi-family); size of housing (mix of sq. feet/ bedrooms, etc.); age of housing (new construction/ renovated/historic); affordability (mix of price ranges of homes/rents); amenities (e.g.’s-garage/ off street parking/ parks); location; and housing density to attract a wide range of residents with varying family sizes and household incomes resulting in full occupancy, increased demand for homes and rentals, with the highest possible income tax potential and appreciating property and rental income values. City Manager Reports

4 Global Issue 12: Target Neighborhoods What Process Will We Use to
May 24, 2018 Global Issue 12: Target Neighborhoods Which Neighborhoods are Eligible? Is There a Logical Basis to Pick One? How Do We Choose Our First Neighborhood? How Do We Involve the Public in the Process? Pick our First Three Neighborhoods? What Process Will We Use to Select Neighborhoods for Revitalization? Housing Policy Meeting

5 Oakland Renaissance Incentive District Vail Paperboard

6 3 2 1 Housing Policy Meeting

7 Housing Policy Meeting

8 Housing Policy Meeting

9 Our Third Highest Scoring Census Tract is within the City’s Opportunity Zone
Housing Policy Meeting

10 What are Opportunity Zones?
Opportunity Zones (OZs) are part of a developmental program that promotes the long-term investment in and development of low-income urban and rural real estate across the United States. The program incentivizes reinvestment in distressed communities by giving investors substantial tax breaks on their capital gains. The tax breaks are based on how long an investment is held with a qualified Opportunity Fund. Housing Policy Meeting

11 Funding Sources Available
December 4, 2018 Housing Stock/Neighborhoods – high Priority Funding Sources Available CDBG $650K annually HOME $350K annually General Fund as appropriated Annual Paving Dollars Brownfield Grants as available HUD Section 108 Loan up to $3.5 million Developers – Whole Neighborhood/Oakland 2020 Plan TIF – As legally available Community Revinvestment Areas Other Grants - TBD Park Acquisition Fund $152K Non-Profit/Institutional/Business partnerships Flippers Seizure of vacant property through Land Bank Capital - Parks $100,000 Neighborhood Infrastructure Trees/Removal/Nursery $25,000 Wayfinding/ Beautification $20,000 City Manager Reports

12 Do We Only Work on One Neighborhood at a Time?
3 5 8 1 2 7 6 4 Do We Only Work on One Neighborhood at a Time? If More Than One, What is the Second Neighborhood? Should We Consider Other Neighborhoods Than the Highest Ranking? Housing Policy Meeting

13 Specific Issue 1: Target Neighborhood Design
Streets, Sidewalks, Alleys Gateways, Crosswalks, Signage Vacant Houses/Vacant Lots Property Code Violations Demolition Community Assets – Parks/Recreation Health/Crime/Neighborhood Participation What Does This Neighborhood Need to Be Sustainably Revitalized? Housing Policy Meeting

14 Global Issue 9: Healthy Neighborhoods What are the Characteristics
of a Healthy Neighborhood? Gateways Alleys (Kansas City) Street Lighting (LED, Decorative, Light Standards) Housing Policy Meeting

15 Global Issue 9: Healthy Neighborhoods What are the Characteristics
of a Healthy Neighborhood? Global Issue 9: Healthy Neighborhoods Modern Neighborhood Parks (Parks Master Plan, Tie in Local Industry) Housing Policy Meeting

16 Global Issue 10: Healthy Neighborhoods Wi-fi Access
Neighborhood Business Needs Access to Health Care Access to Retail/Food Smart City Concepts School Readiness/ Tutoring Day Care Transportation Low Crime Recreational Opportunities Workforce Participation Landscaping/ Trees Non-Infrastructure Characteristics? Housing Policy Meeting

17 Global Issue 9: Healthy Neighborhoods What are the Characteristics
of a Healthy Neighborhood? Global Issue 9: Healthy Neighborhoods Housing Policy Meeting

18 Specific Issue 2: Target Neighborhood Costs
May 24, 2018 Specific Issue 2: Target Neighborhood Costs Initial Costs Revenue Sources Maintenance After Revitalization HOA? What Does This Neighborhood Plan Cost to Implement? Housing Policy Meeting

19 Specific Issue 3: Five Year Revitalization Plan
May 24, 2018 Specific Issue 3: Five Year Revitalization Plan Costs Per Year for Five Years Benchmarks on What is to be Accomplished in Each Neighborhood Each Year Maintenance Costs Ongoing What Does This Plan Cost to Implement Over the Next 5 Years? Housing Policy Meeting

20 Specific Issue 4: Housing Committee Ongoing Draft Policy by mid-March
May 24, 2018 Specific Issue 4: Housing Committee Ongoing Realtors Landlords Bankers Developers Home Builders Remodelers Non-Profit Housing CARE Council Com Revitalization MFD/MPD Draft Policy by mid-March Meet in April to Start Discussions on Policy Draft/Neighborhood Planning Maintain the Housing Committee To Oversee Each Year’s Plan? Housing Policy Meeting

21 Housing Policy Meeting
Target Neighborhoods


Download ppt "Housing Policy Meeting"

Similar presentations


Ads by Google