1. Presented by: ECONorthwest March 3, 2011

2. Agenda Project progress report (5 minutes) Preliminary results of the HNA (20 minutes) Presentation by ECONorthwest Discussion (60 minutes) General comments on the housing needs analysis methods, data, or results Discussion: Are the preliminary findings about housing mix and density consistent with what you know about housing need in Newport? Implications of Preliminary Findings of the Housing Needs Analysis (35 minutes)

4. State Requirements Goal 10, OAR 660-008 Requires coordination of population projections by counties (ORS 195.036); Requires cities to complete an inventory of buildable residential lands; Cities should encourage the availability of adequate numbers of housing units in price and rent ranges commensurate with the financial capabilities of its households; Requires demonstration of a 20-year buildable land supply.

5. State Requirements Needed housing types include (but are not limited to) : Single family detached and attached Multi-family housing for owner and renter occupancy Government assisted housing Mobile/manufactured dwellings in parks and on individual lots

7. Current Conditions of Newport’s 5,500 dwellings 69% are Single-Family Detached and Manufactured 58% of Newport’s occupied units are owner-occupied 19% are vacant 16% or 1,075 dwellings are vacant for seasonal or recreational use Rental units are older on average than owner units Owner-occupied median year built is 1978 Renter-occupied median year built is 1974

8. Most recent development was for single-family, 2000-2010 Permits issued for 572 units 69% Single-family and manufactured 31% Multifamily 52 permits issued annually

9. Most new multifamily was in condominiums 31% Multi-family 27% Condos 2% Apartments 2% Duplex/Tri-/Quads 69% Single-family

10. Most new dwellings were single-family in HDR, 2000-2010 Low Density Residential: 24% of new dwellings Mostly single-family High Density Residential: 63% of new dwellings Mostly single-family Commercial: 13% of new dwellings Mostly Condos Percent of dwellings by in each plan designation

11. Housing density averaged 8.8 dwellings/net acre, 2000-2010 LDR: 5.3 du/net acre Mostly single-family an average of more than 5 du/net acre HDR: 9.9 du/net acre Single family was more than 8 du/net acre Condo and apartment were between 14 and 16 du/net acre Commercial: 29.1 du/net Mostly condominium at more than 32 du/net acre

12. Newport has more lower income households Households earning less than $25,000 annually Newport: 34% Oregon: 24% Households earning less than $50,000 annually Newport: 57% Oregon: 51%

13. Homeownership became less affordable since 2000 The ratio of housing value to income increased since 1990 Newport: 2.8 to 6.3 Oregon: 2.5 to 5.0 Average single-family sales price increased by nearly $75,000 or 47%

14. Affordable rental housing is difficult to find A household must earn about $30,000 to afford a two-bedroom rental (at $759 per month) More than 1/3 of households cannot afford a two-bedroom rental About ½ of renter households pay more than 30% of their income on housing costs Where Residents of Newport Work

15. Affordable rental housing is difficult to find Two-thirds of Newport’s workers live outside Newport Newport currently has a deficit of about 500 dwellings affordable for people earning < $25,000 Anecdotal evidence suggests that Newport’s rental housing stock is older and in poor condition Where Workers in Newport Live

16. Factors affecting future housing needs Aging Baby Boomers 37% of Lincoln County’s pop in 2030, up from 25% in 2000 Range of housing needs Remain in current housing Move to group housing when necessary Downsize to smaller units State Forecast of Age Change in Lincoln County, 2000 to 2030

17. Factors affecting future housing needs Growth of Echo Boomers Currently the largest age-group By 2030, the majority will be 35 to 48 years old Growth in Newport will depend on availability of jobs Housing choice will depend on income, age, and family composition Affordability will be a concern, especially when younger May need multifamily housing when younger May need single-family when older, with higher income and a family

18. Factors affecting future housing needs Growth of immigrants Immigrants are one of the fastest growing groups Hispanic and Latinos are the fastest growing immigrants By 2050, 25% of the U.S. population will be Hispanic Growth in Newport will depend on availability of jobs Housing choice will depend on income, age, and family composition Affordability will be a concern, especially in first generation and when younger Will need multi-family and single-family, depending on affordability

20. Conclusion: Newport will need more multifamily housing

21. Average density by housing type will remain the same Density by housing type will stay constant Single-family: 7.0 du/net acre Multi-family: 18.7 du/net acre Overall density will increase from 8.8 to 9.3 du/net acre because of increase in percent of multifamily

22. Average density by housing type will remain the same Result shows that Newport will need 112 gross acres of residential land 91 gross acres for single-family housing 21 gross acres for multi-family housing Newport has ample land to accommodate housing Land available for multi-family housing for residents is limited and may be located in the wrong areas

23. Newport needs more affordable rental housing Newport’s policies should emphasize meeting the needs of current and future full-year residents Newport has a deficit of affordable, quality rental housing for current and potential residents Renters want high-quality housing that is suited to Newport Higher amenity, well constructed Housing types other than apartments Affordable units