280 likes | 384 Views
FOX CITIES HOUSING COALITION. TRENDS AND GAPS COMMITTEE DATA COLLECTION REPORT.
E N D
FOX CITIES HOUSING COALITION TRENDS AND GAPS COMMITTEE DATA COLLECTION REPORT
The good news is that the ratio is significantly improved from its peak last November of 6.2-to-one. However, there remains a severe lack of jobs. The ratio of unemployed workers per job opening is still much higher than at the worst point in the early-2000’s recession, when it peaked at 2.8 unemployed workers per job opening in September of 2003. For the first half of 2007 before the current downturn began, the ratio averaged 1.5-to-one. July’s value, at 4.8-to-one, was over three times that high Source: http://www.epi.org/publications/entry/4.8_unemployed_workers_for_every_job_opening_in_july/
The labor force participation rate for workers age 16-24 has decreased from 59.1% to 54.7% in the 25 months since the recession started, representing a loss of 1.3 million young workers, while the labor force participation rate of workers age 55 and older increased from 38.9% to 39.9%, representing an increase of 2.3 million workers. Many older workers are not retiring or are re-entering the labor force because they have suffered a sharp decline in economic security due to the collapse of the housing bubble and the plunge in stock prices. At the same time, workers age 16 to 24 -- who face an unemployment rate of 18.9%, compared to 6.8% for workers age 55 and older -- are having a difficult time securing employment and are leaving the labor force in large numbers.
Families living in poverty can lead to less opportunity and worse economic outcomes for their children through a variety of mechanisms—be it through nutrition, educational attainment, or access to wealth. A recession, therefore, should not be thought as a one-time event that stresses individuals and families for a couple of years. Rather, economic downturns will impact the future prospects of all family members, including children, and will have consequences for years to come. http://www.epi.org/publications/entry/jolts_20091009
Out of Reach 2010 In Appleton MSA, the Fair Market Rent (FMR) for a two-bedroom apartment is $672. In order to afford this level of rent and utilities, without paying more than 30% of income on housing, a household must earn $2,240 monthly or $26,880 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into a Housing Wage of $12.92. In Appleton MSA, a minimum wage worker earns an hourly wage of $7.25. In order to afford the FMR for a two-bedroom apartment, a minimum wage earner must work 71 hours per week, 52 weeks per year. Or, a household must include 1.8 minimum wage earner(s) working 40 hours per week year-round in order to make the two bedroom FMR affordable. In Appleton MSA, the estimated mean (average) wage for a renter is $11.37 an hour. In order to afford the FMR for a two-bedroom apartment at this wage, a renter must work 45 hours per week, 52 weeks per year. Or, working 40 hours per week year-round, a household must include 1.1 worker(s) earning the mean renter wage in order to make the two-bedroom FMR affordable. Monthly Supplemental Security Income (SSI) payments for an individual are $674 in Appleton MSA. If SSI represents an individual's sole source of income, $202 in monthly rent is affordable, while the FMR for a one-bedroom is $542. A unit is considered affordable if it costs no more than 30% of the renter's income. Source: http://www.nlihc.org/oor/oor2010/data.cfm?getmsa=on&msa=1516&state=WI
It is important to note that a basic family budget is indeed "basic." It comprises only the amounts a family needs to spend to feed, shelter, and clothe itself, get to work and school, and subsist in 21st century America. Hence, it includes no savings, no restaurant meals, no funds for emergencies—not even renters' insurance to protect against fire, flood or theft.(2007 data, revisions in 2008) Appleton, WI MSA One Parent, Two Children Appleton, WI MSA Two Parents, Two Children
St. Josephs Food Bank Usage – 2009 data New Families (please note, families doesn't include all members in the family) Pounds of Food Distributed 2,275,980 lbs. (2009) 2,101,783 lbs. (2008) Up 174,200 lbs. as of November, or up 8% • #1536 (2009) • #1388 (2008) • Up 148 families as of November, or up 11%
Point In Time Trend With reduction in count duplication, increased access to shelter/affordable housing, we are progressively closing in the gap between the total number of homeless in our community and those being served.
Categories of Subpopulations Served as documented by the July 2010 Point In Time Count
Affordable HousingSupply vs Demand as of 10/31/09 Total # of units of affordable subsidized housing: 1,306 Total # of households seeking affordable housing (adj. 20% to account for duplication: 2440 x .20) 1,952 Total demand for affordable housing: 3,258 • Current capacity: 1 unit for every 2.49 households seeking subsidized housing • Avg. wait for subsidized housing: Ranges from 6-8 months for subsidized housing programs to 2-4 years for housing choice vouchers. • The Appleton Housing Authority closed its’ wait list January 2010 in order to purge the list. They are currently not accepting any new applications.
Number of Homeless Children and Youth Enrolled and Served in the Appleton Area School District There was a large increase from 2008 to 2009 of homeless children enrolled in AASD. They are on target to maintain that same level of enrollment in 2010 – no reduction.
Stretched Thin: The Impact of Rising Housing Expenses on America's Owners and RentersHousing Woes Extend Beyond Mortgage Payments, Families Facing Sharp Increases in Variety of Housing Costs October 8, 2008 Here's a look at the increases in housing costs from 1996 to 2006: • Mortgage payments - 46% • Rent payments - 51% • Utilities - 43% • Fuel oil prices - 131% • Property taxes - 66% • Property insurance - 83% All in all, housing costs have increased 65% in the past decade This increase trumps all other major expenses, including transportation (33% increase), food (30% increase), and even healthcare (56%).
Stretched Thin: The Impact of Rising Housing Expenses on America's Owners and RentersHousing Woes Extend Beyond Mortgage Payments, Families Facing Sharp Increases in Variety of Housing Costs October 8, 2008 And now, incomes increases from 1996 to 2006: • Homeowners - 36% • Renters - 31% So let's get this straight: • The costs of living have risen exponentially during the past decade... and incomes aren't keeping up. • Add to the equation unpredictable job markets, a personal crisis (such as illness), or home that was already a bit pricey for your budget,
% and # of increased foreclosures comparing 1st Qtrs. for 08 & 09
Foreclosure Cases Per 100 Housing Units by time period comparisons
Wisconsin’s Top 25 employers with employees enrolled in Badger Care – 4th Qtr 2009