Affordable Housing in Scott County. Presented by: Julie Siegert, Housing Director Melissa Jensen, Homeownership Coordinator April 11, 2014

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1 Affordable Housing in Scott County Presented by: Julie Siegert, Housing Director Melissa Jensen, Homeownership Coordinator April 11, 2014

2 Mission Statement The mission of the Scott County Community Development Agency (CDA) is to strengthen the communities of Scott County by providing affordable housing opportunities to low and moderate income families, promoting economic development, and fostering coordination of public and private resources.

3 55+ Communities

4 Affordable Housing County Profile What is Affordable Housing What resources the CDA has Process to get affordable housing What resources the County & CDA needs

5 County Profile As of the last US Census (2010), 16% of Scott County households were renters Renter incomes have risen by 2% Rental prices have increased by 8%

6 Cost Burdened 10% of homeowners and 21% of renters are paying more than 50% of their income on housing in Scott County

7 MN Foreclosures in 2013

8 Metro Foreclosure Rates Number of foreclosed mortgages as a percent of total residential parcels

9 Metro Rental Vacancy Rates

10 What is Affordable Housing Commonly understood as housing that costs no more than 30-40% of a household's annual income. Multifamily housing classifications Different levels of rental affordability

11 Multifamily Housing Classifications 3 types Market Rate Rents are set based on property amenities and location Affordable/Workforce/Tax Credit/ Rents are set below market rate Income limits apply Subsidized Rent is set at 30-40% of income A 3 rd party pays a portion of the rent

12 Income Limits HOUSEHOLD SIZE EXTREMELY LOW INCOME 30% of area median income VERY LOW INCOME 50% of area median income LOW INCOME 80% of area median income 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons $17,400 $29,050 $44,750 19,900 33,200 51,150 22,400 37,350 57,550 24,850 41,450 63,900 26,850 44,800 69,050 28,850 48,100 74,150 30,850 51,400 79,250 32,850 54,750 84,350

13 Scott County CDA Resources Affordable/Workforce Housing 2 types of subsidy /housing assistance Project based (stays with the unit) Tenant based (stays with the person) Homeownership Education and Counseling

14 Affordable/Workforce Rental Housing 31 units owned and managed by the CDA Rents are set below market rate 4 of the units are restricted to households with incomes at or below 50% of AMI

15 Types of Housing Assistance Project Based Subsidy stays with the unit Public Housing Project-based Section 8 Rural Development (515) Tenant Based Subsidy stays with the tenant Housing Choice Voucher/Section 8 Family Unification Program Family Self-sufficiency Program Bridges Housing Trust Fund

16 Project Based Public Housing/Project Based Section 8 Rural Development 56 units owned and managed by the CDA 146 units owned and managed by the CDA

17 Tenant Based Federal Programs Housing Choice Voucher / Section 8 Program Family Unification Program Family Self-sufficiency Program State Programs Bridges Housing Trust Fund

18 Housing Choice Voucher Program 333 Section 8 Vouchers 53 are project based 25 are for Family Unification Program (FUP) 150 Port-in Vouchers Paid $2.7 million in Housing Assistance Payments in Landlords participating Family Self-sufficiency program

19 Tenant Based State Programs Bridges and Housing Trust Fund Two State funded rental assistance programs we administer in partnership with Carver County CDA. Referrals for these programs come from Scott/Carver County from various special populations (mental illness, homeless, etc.)

20 Applying for Affordable Housing Waiting List Tenant Based (Section 8) 251 Applied in 2007 Project Based (CDA owned units) 1113 Oldest application 2012

21 Applying for Affordable Housing Once name comes to the top of the list, application is screened according to our eligibility criteria Project Based (CDA owned properties) Income limits, citizenship status, rental, criminal and credit screening Tenant Based (Section 8) Income limits, Citizenship status, screen for violent criminal/drug activity in last 5 years

22 Scott County Housing Assistance Households Served 620 Households Served 2053 Family Members 1134 are children 3.31 average Family Members per Household 85% are Female Head of Household 15% are Male Head of Household

23 Scott County Housing Assistance Households Served Primary Income 100% 80% 60% 40% 20% 0% Primary Income

24 Scott County Housing Assistance Households Served Race White Black Other 6% 41% 53%

25 Homeownership Education/Counseling Foreclosure Prevention Homebuyer Education Homebuyer Counseling

26 Foreclosure Prevention One-on-one foreclosure counseling Served over 300 households since 2011 Of the households that have completed counseling, nearly ¾ were able to avoid foreclosure Monthly foreclosure workshops Over 100 households have attended since 2012

27 Statewide Foreclosure Prevention Households Served

28 Statewide Foreclosure Prevention Households Served

29 Scott County Participants It was helpful to have someone to meet with in person to discuss something so stressful. We needed a liaison that could help us and this service was ideal. Knowledge is power. This is helpful because in a foreclosure situation, it s easy to feel powerless. Why I would recommend her is simple: she was knowledgeable, humane and precise. A worthy ally.

30 Homebuyer Education & Counseling 16 hour Homebuyer Education course that prepares attendants to be successful homeowners Since 2011, 134 households have completed the course and of those, 62 have been known to purchase and 54 have received a Homebuyers Club Grant for down payment assistance Began providing one-on-one homebuyer counseling in 2014

31 Statewide Homebuyer Education Reaching Emerging Markets

32 Statewide Homebuyer Education Participant Income

33 Statewide Homebuyer Counseling Participant Characteristics

34 Scott County CDA Participants I believe this class should be required. It was very helpful, informative, and gets you excited to be a successful homeowner. Everything was perfect. Thank you for this class and opportunity. This class was very informational all around, every activity, every speaker, and all others attending the class were helpful to one another in some way. I [now] have an idea of how to maintain and fix small appliance[s], like toilet leaking, etc. without costing me a lot of money for maintenance. [I] originally thought the class would not be that beneficial and [I] needed the grant money. However, I thoroughly enjoyed it, found it to be very beneficial. The guest speakers were so informative. [The instructor] was great!! Kind, bubbly personality and very helpful and patient.

35 Rental Housing Needs

36 For-Sale Housing Needs

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