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Regional Housing Needs Assessment and Fair Share Analysis

Regional Housing Needs Assessment and Fair Share Analysis. David West, Regional Planner Rockingham Planning Commission. Housing Needs Assessment.

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Regional Housing Needs Assessment and Fair Share Analysis

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  1. Regional Housing Needs Assessment and Fair Share Analysis David West, Regional Planner Rockingham Planning Commission

  2. Housing Needs Assessment RSA 36:47 II. For the purpose of assisting municipalities in complying with RSA 674:2, III (l), each regional planning commission shall compile a regional housing needs assessment, which shall include an assessment of the regional need for housing for persons and families of all levels of income. The regional housing needs assessment shall be updated every 5 years and made available to all municipalities in the planning region

  3. Housing Needs Assessment • RPC’s Housing Needs Assessment is based on the model developed by Bruce Mayberry for the New Hampshire Housing Finance Authority in 2003. • Three models are available, the RPC used the Constant • Employment Share approach. • Employment Growth Rate • Households are modeled based on the projected employment • Projected households are distributed based on the 2000 census income distribution.

  4. Housing Needs Assessment 2006 Need Owner 25,944 Renter 9,109 Total 35,053 % of total Households %46 2015 Need Owner 29,189 Renter 10,249 Total 41,747 % of projected Households %46

  5. Proportional Fair Share Assessment

  6. 10% down New Homes 123/515 or 23.9% Existing Homes 936/2102 or 44.5% All Homes 1059/2617 or 40.5% 20% down New Homes 153/515 or 29.7% Existing Homes 1102/2102 or 52.4% All Homes 1255/2617 or 48.0%

  7. 10% down New Homes 34/276 or 12.3% Existing Homes 419/1160 or 36.1% All Homes 453/1436 or 31.5% 20% down New Homes 51/276 or 18.5% Existing Homes 534/1160 or 46.0% All Homes 585/1436 or 40.7.0%

  8. Lawrence MA-NH All Rentals 657/1004 or 65.4% 2 Bedrooms 248/536 or 46.7%

  9. Portsmouth- Rochester All Rentals 1293/2196 or 58.9% 2 Bedrooms 578/1112 or 52.0%

  10. Does Your Town Meet Fair Share? • A Community can assess their housing units to determine if they are meeting their Fair Share. • Total Households • Assessment Records (100% valuation) • Rental Information (total units at a minimum)

  11. Does Your Town Meet Fair Share? • Ownership Units: check against the Assessor's database to determine how many fall under the income thresholds. • Rental Units: use the ratio from your HMFA (e.g. 52% or 58% for Portsmouth/Rochester) to make an assumption about the affordability of your rental units. • The combined affordable units should meet at least 46% to demonstrate that you are meeting the Current Need… • Foreseeable Future Need: do your current workforce housing units still exceed 46% if you use the 2015 projected households?

  12. Does Your Town Meet Fair Share? • Assume 1000 households in 2006 and 1100 in 2015 • 100 units are rentals. Your HMFA % is 50%, so 50 rentals are qualified Workforce Housing • Of the 900 units 425 are affordable according to your assessor’s data. • Your town would meet the 46% criteria for WFH units: 475/1000 or 47.5% • If you compare your current data to the projected households: 475/1100 or 43.2%.

  13. Questions? David West, Regional Planner dwest@rpc-nh.org (603) 778-0885

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