Mixed Income Transit-Oriented Rental Housing Study

Transcription

1 Mixed Income Transit-Oriented Rental Housing Study Margaret Eberle SENIOR HOUSING PLANNER City of Vancouver, January 25, 217

2 Metro Vancouver 24: Shaping our Future 2

3 Goal 4: Develop Complete Communities

4 Metro Vancouver Housing Roles Housing policy and research Metro Vancouver Housing Corporation complexes Affordable housing development / redevelopment Homelessness Partnering Strategy 4

5 The Metro Vancouver Housing and Transportation Cost Burden Study A New Way of Looking at Affordability

6 Regional Affordable Housing Strategy

7 Housing + Transit Convergence Metro 24 Apartment Parking Study H + T Cost Burden Study Regional Affordable Housing Strategy Federal and Provincial Housing Funding Regional Transportation Strategy Framework Mayors Council Vision 1-Year Investment Plan Transport 24 Federal and Provincial Transit Funding 7

8 MITORH: Mixed Income Transit-Oriented Rental Housing Study To achieve rental housing that is affordable for low and moderate income households in transit-oriented locations by working with key stakeholders to undertake and disseminate foundational research. Transit-oriented locations : Generally within 4 metres of a Frequent Transit Network bus stop/corridor Generally within 8 metres of a rapid transit station. 8

9 Scope of Work Activity 1: current practices and innovation in Metro/Canada/US/Europe Activity 2: relationship between income/tenure and transit ridership Activity 3: extent of public and non-profit parcels in transit-oriented locations Activity 4: evaluate viability with existing and future tools Activity 5: share the study findings and key messages effectively 9

10 Metro Vancouver TransLink Vancity BC Housing BC Non-Profit Housing Association Strategic Partnership 1

11 Timeline 1 Opportunities and constraints 2 Transit ridership effects 3 Housing opportunity sites 4 Assess viability with tools 5 Outputs and communication Underway Initiate Q4 Initiate Q4 11

12 Activity 2: Key Question 3,, 25,, Can a value proposition be established for affordable rental housing in transit-oriented locations? 2,, 15,, 1,, Transit Ridership 5,, - Source: TransLink

13 Activity 2: Transit Ridership Findings 1. Compact areas with higher population near the Frequent Transit Network support higher transit ridership. 13

14 Focused Population and Transit Use TRANSIT TRIPS PER 1 WORKERS Transit usage rates for workers living in denser parts of the region are up to 3X higher than for workers elsewhere. High 5 Density Low 2 Density 1 14 Source: 211 NHS

15 Focused Population and Transit Use 4 TRANSIT TRIPS PER 1 WORKERS Owner Renter Combined High 5 Density Low 2 Density 1 15 Source: 211 NHS

16 Activity 2: Transit Ridership Findings 2. Accommodating renter households, in particular those making less than $5, per year, in transit-oriented locations is not only key to developing diverse, vibrant, and complete communities, it is key to maximizing transit ridership and the value for money of transit and housing affordability investments. 16

17 Tenure, Income, and Transit Use Renters Owners Toronto Montreal Metro Vancouver 5 Toronto Montreal Metro Vancouver 45 Ottawa-Gatineau Calgary Edmonton 45 Ottawa-Gatineau Calgary Edmonton TRANSIT TRIPS PER 1 WORKERS TRANSIT TRIPS PER 1 WORKERS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Source: 211 NHS 5 Less than $3, $3, to less than $5, $5, to less than $75, $75, or more 17 Source: 211 NHS

18 Tenure, Income, and Transit Use Renters 211 Owners TRANSIT TRIPS PER 1 WORKERS TRANSIT TRIPS PER 1 WORKERS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Toronto Montreal Metro Vancouver Ottawa-Gatineau Calgary Edmonton Source: 211 NHS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Toronto Montreal Metro Vancouver Ottawa-Gatineau Calgary Edmonton Source: 211 NHS

19 Transit Corridors Rapid Transit B-Line Frequent Bus Expo Line Millennium Line Canada Line 99 B-Line (Vancouver, UBC) 97 B-Line (Burnaby, Port Moody, Coquitlam) 96 B-Line (Surrey) Main/Marine Drive (North Shore) Willingdon Lougheed+Dewdney Trunk Hastings Nanaimo 41 st Ave 19

20 Expo Line Corridor TRANSIT TRIPS PER 1 WORKERS Less than $3, Similar transit usage patterns are observed at the corridor level regardless of technology (rapid transit, B-Line, and frequent bus). $3, to less than $5, $5, to less than $75, $75, or more Owners Renters Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 2

21 96 B-Line Corridor (Surrey) TRANSIT TRIPS PER 1 WORKERS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Owners Renters Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 21

22 FTN Hastings Corridor (Vancouver, Burnaby) TRANSIT TRIPS PER 1 WORKERS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Owners Renters Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 22

23 What If Scenarios What if 1, households were added to a transit corridor? What if tenure and income were diversified? 23

24 What If Scenarios 1, Very Low Income Renters Low Income Renters Moderate Income Renters High Income Renters Owners Composition of New Households 8, 6, 4, 2, SC1 SC2 SC3 SC4 SC5 SC6 SC7 SC8 1% Owners 6% Owners 4% Renters 24

25 What If Scenarios 1, Very Low Income Renters Low Income Renters Moderate Income Renters High Income Renters Owners Composition of New Households 8, 6, 4, 2, SC1 SC2 SC3 SC4 SC5 SC6 SC7 SC8 2,, Annual Transit Trips 1,5, 1,, 5, SC1 SC2 SC3 SC4 SC5 SC6 SC7 SC8 25

26 What If Scenarios Composition of New Households Incremental Annual Transit Trips relative to SC1 1, 8, 6, 4, 2, 4, 35, 3, 25, 2, 15, 1, 5, Very Low Income Renters Low Income Renters Moderate Income Renters High Income Renters Owners SC1 SC2 SC3 SC4 SC5 SC6 SC7 SC8 Bump #1: Accommodate Renters Bump #2: Accommodate Renters Less than $5, +1% +11% +12% +17% +23% Bump #3: Accommodate More Renters Less than $5, +24% +24% SC1 SC2 SC3 SC4 SC5 SC6 SC7 SC8 26

27 Thank you