Transcript Simpson Housing Solutions, LLC

Create Change
by providing quality, well-designed homes for
everyone in your community.
Every person in a community
deserves a place to call home.
Firefighters, Teachers, Paramedics
and Nurses are a part of every
Community
.
And they make up your workforce
If they live where they serve…your workforce
and their families can participate in the
day-to-day life of the community…and be
there when you need them
You workforce supports the
community
Yet lower salaries prevent much of your workforce from living where
they work.
They want to spend less time travelling to and from work and more
time at home with their families
They typically transition from renting to home ownership
Affordable rents allow for the dream of owning a home to become a
reality
Housing for your workforce
Our workforce
cannot afford
market rate rents
 The issue can be met through strong city and
community partnerships
 We proactively address and overcome NIMBY
Affordable
workforce housing
keeps those who
serve close to
where they live
An inclusive
community is a
viable social and
economic goal
objections with facts
 We demonstrate that affordable workforce housing is
good for residents, neighbors, communities, cities—
the entire nation
 As a company we are committed to these goals and
dedicated to achieving them
 We are “creating a blueprint for a better nation” one
development at a time
What are the obstacles to creating
workforce housing? These 8 Myths.
1.
2.
3.
4.
5.
6.
7.
8.
Rental subsidies
Increased traffic
Unattractive housing
Increased crime rate
Overburdened schools/infrastructure
Transient residents
Lowers property values
No benefit to the community
Myth #1 Rental Subsidies
There are no rental subsidies
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•
•
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Strict applicant underwriting
Income and employment verification
Background checks
We retain right of refusal for every resident
Myth #2 Increased Traffic

The national Personal Transportation Survey found that low income households
make 40% fewer trips 1.

Studies show that an average resident in a compact neighborhood will drive
20% to 30% less than residents in less populated neighborhoods 2.

At densities of 8 units per acre and higher, neighborhoods begin to support bus
and rail transit 3.

Higher density development generates less traffic than low density development
per unit and makes walking and public transit more feasible 4.

Single-family detached homes average more daily car trips than apartment
dwellers 5.
1. The Campaign for Affordable Housing – Busting the 5 Myths of Affordable Housing CD
2.&3 John Holtzclaw, www.sierraclub.org Local Government Commission, included in the Campaign for Affordable Housing - Busting the 5 Myths of Affordable Housing CD
4. National Multi Housing Council – A Plan for Tomorrow CD
5. Institute of Traffic Engineers, Trip Generation, 6th Edition. Vol. 1(Washington D.C.: Author. 1997).
Myth #3 Affordable = Unattractive
See for yourself.
Myth #4 Increased Crime Rate
•
There is no correlation between safe, decent affordable
housing and crime 5.
•
Failure to build affordable housing can lead to overcrowded,
dilapidated properties, offering no alternatives for lower income
families 6.
•
Higher density developments can reduce crime by increasing
pedestrian activity, fostering a 24 hour community and placing
more “eyes on the street” at all times 7.
5. & 6. The Campaign for Affordable Housing – Busting the 5 Myths of Affordable Housing
7. National Multi Housing Council – A Plan for Tomorrow CD
Myth #5 Overburdened Schools/Infrastructure
•
Single family neighborhoods have 2-3 times the number of schoolaged children than apartment dwellers 8.
•
Compact development means more efficient use of public services
and infrastructure 9.
•
Infrastructure costs per housing unit decline as density increases.
30 units per acre = $10,000 per unit. 4 units per acre = $90,000
per unit 10.
•
Studies analyzing the infrastructure cost of urban sprawl estimate
that $100 billion could be saved over 25 years by pursuing better
planned, high density development 11.
58., 9. & 10. The Campaign for Affordable Housing – Busting the 5 Myths of Affordable Housing
11. Mark Muro and Rob Puentes, Investing in a Better Future: A review of the Fiscal & Competitive Advantages of Smarter Growth Development Patterns. (Washington D.C. Brookings Institute on Urban
& Metropolitan Policy, 2004) included in A Plan for a Better Tomorrow CD, NMHC
Myth #6 Transient Residents
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Reasonable rents equal stable
communities
Attractive, secure properties equal long
term residents
Beautiful surroundings inspire residents to
take pride in their living environment
Myth #7 Lowers Property Values
•
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Academic studies and market analysis both prove
otherwise 12.
There is no discernable difference in the
appreciation rate of properties located near
higher density development and those that are
not. Some research shows that higher density
development can increase property values 13.
12. The Campaign for Affordable Housing CD
13. National Multi Housing Council – A Plan for Tomorrow CD
Lowers adjacent property values
Average annual appreciation
for single family detached
homes by proximity to
multifamily housing
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0%
Source: NAHB computations based on data in
the American Housing Survey: 1997 and
1999 (Washington D.C.: U.S. Bureau of the
Census and U.S. Department of Housing and
Urban Development. 1997 and 1999).
Not near:
Multifamily
2.66%
Near:
Multifamily Low Rise
2.90%
2.91%
High Rise
2.79%
Myth #8 No Benefit to the Community
The reality is that affordable housing is a catalyst for economic growth.
•
According to the NAHB, the construction of 1,000 multifamily homes generates
1,030 jobs in construction and related industries, approximately $33.5 million in
wages and over $17.8 million in federal and local tax revenues and fees 14.
•
When a low income family moves into an affordable rental unit, they are able to
spend the savings they realize—approximately $2,500 per year—on other goods
and services, which helps pumps more dollars into the local economy 15.
14. National Association of Home Builders, Housing: The Key to Economic Recovery. Document downloaded from NAHB website, www.nahb.org, on May 16, 2003
15. Economic & Planning Systems, Inc., Final Report: Colorado Housing Trust Fund Impacts Study, September 2002.
The True Benefits of Workforce Housing
Appropriate housing for your
workforce isn’t a burden, it’s a
responsibility that brings
incredible benefits:
 A more integrated community
 More money retained in the
local community
 Less traffic on the roads
 A diverse and bonded
neighborhood sharing common
goals
Everyone in America deserves a
place to call home
If we build housing to
accommodate those with less
income, we’re creating a legacy for
future generations…we’re making a
commitment to the future