REPORT TO STAKEHOLDERS First Quarter Update Fiscal Year 2015

Transcription

1 REPORT TO STAKEHOLDERS First Quarter Update Fiscal Year 2015 For the Period October 1, December 31, 2014 AFFORDABLE HOUSING STRONG COMMUNITY STRONG ECONOMY 200 West River Street, P.O. Box 4045, Ketchum, ID (208) info@bcoha.org

2 SECTION I KEY TAKE - AWAYS The robust pace of Community Home resales (one per month on average) reported over the past eight quarters cooled in in Q1 FY o No new Community Homes became available for resale this quarter. BCHA announced the donation of the Lift Tower Lodge on November 3, o Donated five rooms to Higher Ground & Idaho School for the Deaf and Blind in December. Five (5) households were placed in BCHA housing in Q1 FY Q1 FY 2015 Notable Trends: o While singles continue to dominate the database (52%), the average household size is rising. (2.0 persons per household compared to 1.8 one year ago) o The number of households moving into Community Housing is decreasing from 53% of households removed from the database in Q1 FY 2014 to 22% in Q1 FY This drop is not the result of a decrease in demand. It is the result of a decrease in available inventory. o Income Category Ratios in the BCHA database are trending to lower income households. Q1 FY 2015 Q1 FY 2014 Below 80% AMI 81% 73% Below 60% AMI 60% 51% Below 50% AMI 49% 41% The percentage of applicants seeking rental units increased from 34% of applicants in Q1 FY 2014 to 45% of applicants in Q1 FY

3 SECTION II BLAINE COUNTY HOUSING AUTHORITY ACTIVITIES Community Housing Market BCHA Stewarded Rental Units Development Projects Quail Creek LIHTC Lift Tower Lodge Activity at the State and National Level Activity with Blaine County Activities with the City of Ketchum Activities with the City of Hailey Activities with the City of Sun Valley Section II Overview (pages 3-9) Activities with Partners in the Community ARCH Community Housing Trust Sun Valley Board of Realtors The Cornerstone Partnership Sun Valley Economic Development (Formerly Sustain Blaine) Ketchum Urban Renewal Agency BCHA Local and Regional Exposure Staff Development Activities David Patrie Bobi Bellows Internal Activities BCHA Board Activities Communications with the Community - 2 -

4 Community Housing Market The robust activity of the past twenty-four months has cooled off in the first quarter of FY No new community homes have become available this quarter. Three community homes are currently available. These homes are in relatively high income categories and the owners appear content to keep them available at the maximum allowable sale price until a qualified buyer is identified. BCHA Ownership Units Currently Rented The Community Housing Guidelines allow a Community Homeowner to rent their community home under certain conditions and with approval from BCHA. Four (4) Community Homeowners currently rent their homes to qualified occupants. BCHA Stewarded Rental Units BCHA administers thirteen income restricted rental units throughout the county. All units are fully leased. These rental units represent nearly $115,000/year in revenue for local landlords. BCHA Rental Unit Activity Location Beds Income Category Rental Rate Status Bellevue 3 2 $812 Occupied Mid Valley 2 2 $772 Occupied Mid Valley 1 1 $391 Occupied Mid Valley 1 3 $833 Occupied Mid Valley 2 2 $772 Occupied Occupied - Employee Housing Mid Valley 1 1 $375 Mid Valley 3 3 $990 Occupied Ketchum 2 2 $730 Occupied Ketchum Studio 2 $655 Occupied Ketchum Studio 2 $655 Occupied Ketchum 1 2 $685 Occupied Occupied - Employee Housing Ketchum 1 3 $685 Ketchum 2 5 $1,200 Occupied Monthly Income to Landlords/Developers: $9,555 Annual Income to Landlords/Developers: $114,660 Date: 12/31/

5 Development Projects Quail Creek LIHTC Litigation of this project continues. Executive Director David Patrie attended oral arguments at the Blaine County District court on December 22, 2014 in support of ARCH. Lift Tower Lodge BCHA announced the donation of the Lift Tower Lodge on November 3 rd. BCHA hosted a neighborhood meeting on December 9, About twenty people attended the meeting including neighbors, BCHA Commissioners and two Ketchum City Council members. In addition to BCHA staff, Rebecca Bundy from the Ketchum building and planning department attended to help us field questions. BCHA donated five rooms to students and chaperones from the Idaho School for the Deaf and Blind December Activity at the State and National Level Reviewed and commented on 5 year plan, HOME Administrative Plan and the LIHTC QAP. Activities with Blaine County Provided substantial input and data for the Comprehensive Plan Steering Committee meeting on September 16, Reviewed draft housing and population sections of Comp plan. Attended steering committee meetings. Met with Commissioner Greenberg for a general informational meeting. Attended a regional training with Planning Director Tom Bergin. The County Commissioners appointed Erin Kelso to represent the City of Ketchum on the BCHA board. The County Commissioners appointed Gordon Barclay to represent the City of Sun Valley on the BCHA board

6 Activities with the City of Ketchum Executive Director David Patrie worked with Mayor Nina Jonas to replace Carter Ramsay as Ketchum s representative on the BCHA Board of Commissioners. Met with city administrator Suzanne Frick to discuss in-lieu fees. Fielded several calls about the proposed zone change. Activities with the City of Hailey Attended a regional training with Economic Development Director Micah Austin and Public Works Director Mariel Platt. Worked with ARCH to evaluate the potential purchase of an affordable rental development in Hailey. BCHA fielded multiple calls regarding the Valley View Apartments. BCHA provided an interpreter for and attended a Valley View resident meeting with a representative from USDA - Rural Development. Activities with the City of Sun Valley Attended a regional training with Community Development Director Mark Hofman. Introduced Mayor Briscoe to a potential Sun Valley representative for the BCHA Board. o Mayor Briscoe nominated Gordon Barclay. This appointment is pending. The County Commissioners appointed Gordon Barclay to represent the City of Sun Valley on the BCHA board. Executive Director David Patrie presented BCHA s Annual Report to the Mayor and Council on December 4,

7 ARCH Community Housing Trust Activities with Partners in the Community Worked to update the deed covenant on the Walnut Street home in Hailey. Evaluate the potential purchase of a rental development in Hailey. Resolve tenant issue at an ARCH owned property. Working to qualify a household to purchase a home moved from Ketchum to Woodside. Renewed our contract for service. Sun Valley Board of Realtors No activity this quarter. The Cornerstone Partnership Recorded webinar, How to Advance Affordable Homeownership Through REALTOR Partnerships Recorded webinar, Beyond the Density Bonus: Additional Incentives for Inclusionary Zoning. Recorded webinar, Affordable Housing at Every (Last) Resort Sun Valley Economic Development BCHA board members and staff attended the 2014 Economic Summit in October. Executive Director David Patrie sat on the panel at the Economic Summit that focused on the Strategies & Resources for Resilience in the Wood River Valley. Ketchum Urban Renewal Agency No activity this quarter

8 BCHA Local and Regional Exposure The Idaho Mt. Express dedicated a full page of the 2014 Economic Almanac on workforce housing. It is titled Blaine County Workforce feeling the Squeeze and it features charts on deed restricted units, rental prices and housing stock utilization Mt. Express covered housing data presented at SVED s Economic Summit, Mt. Express noted Erin Kelso s appointment to the BCHA board, KMVT 10 pm news broadcast, Lift Tower Lodge To Become Affordable Housing In Ketchum, In-Ketchum html Twin Falls Times News, Donor's $1M Gift Creating More Affordable Housing in Ketchum, Mt. Express, Giving those in need a lift, Donation allows Housing Authority to take over Lift Tower Lodge Visit Sun Valley, Newsletter FEDED/0D4ECFEDAD5C00C733C48669A65BFAC Mt. Express, Valley View Tenants Face Uncertainty, Rent subsidized complex is for sale Mt. Express, Home for the Holidays, Lift Tower Lodge Reopening as affordable housing units

9 Staff Development Activities David Patrie, Executive Director David attended a full day training seminar on risk management for public employees on October 10 th. David renewed his SHCM Certification (Specialist in Housing Credit Management). David attended a three day training seminar sponsored by the Sonoran Institute with representatives from Blaine County, Hailey, Sun Valley and Mountain Rides. David participated in a tax credit webinar presented by the National Affordable Housing Management Association (NAHMA) and received continuing education credits. Bobi Bellows, Program Administrator Bobi attended a HUD conference in Atlanta, GA the week of September 15 th. The courses taken are prerequisites to becoming a HUD certified counseling agency. Bobi attended training in Las Vegas to become a certified housing counselor for pre-purchase counseling. Following up her training in Las Vegas to become a certified housing counselor, Bobi passed the certification course for HO250 - Housing Counseling Certification: Principle, Practices and Techniques. Bobi passed the certification course HO109 - Foreclosure Basics as a prerequisite to register for HO345rq - Foreclosure Intervention and Default Counseling Certification, Part I. These courses are required to become a HUD certified counseling agency. Internal Activities Bobi Bellows revised the monthly Program Administrator s report to include a comprehensive review of all BCHA stewardship activities. Staff developed a board orientation book. David Patrie reviewed our annual insurance renewals. Bobi set up a BCHA outreach table at St. Luke s Wellness Fair. Bobi set up a BCHA exhibit for the Hailey Chamber s Business Expo. Staff is working to develop a deed of trust that will enable Wells Fargo to lend on deed restricted units. BCHA is participating in the Home Partnership Foundations Avenues for Hope campaign again this year. We published our annual report on December 2,

10 BCHA Board Activities The Board of Commissioners elected officers for FY 2015 at its annual meeting: o Chase Hamilton - Chair o Suzanne Miller - Vice Chair o Sabina Gilbert - Treasurer Sabina Gilbert attended a full day training seminar on risk management for public employees on October 10 th. Ketchum Mayor Nina Jonas nominated Erin Kelso to replace Carter Ramsay as Ketchum s representative on the BCHA board. The County Commissioners met with Erin and appointed her to the BCHA board of commissioners. Bobi and David met with a potential board member to represent Sun Valley. o Gordon Barclay expressed interest and BCHA introduced him to Mayor Briscoe. o Mayor Briscoe met with Mr. Barclay and nominated him for appointment. o The County Board of Commissioners appointed Gordon Barclay as BCHA s newest Commissioner. Executive Director David Patrie and Gordon did an orientation on December 5, Communications with the Community We resumed monthly newsletters in November 2014 with a fresh look and format. November Topics: o Lift Tower Lodge Announcement o Wood River Valley Expo participation and information. o Information on low-income heating assistance program (LIHEAP) available through the South Central Community Action Partnership. o Winter maintenance tips. December Topics: o Avenues for Hope fundraiser announcement. o Notice of Community Homes available. o Announcement of December meeting and agenda. o Information about Hunger Coalition s grocery program. o LIHEAP reminder

11 SECTION III CHARACTERISTICS OF BLAINE COUNTY S COMMUNITY HOUSING APPLICANTS AND COMMUNITY HOMES BCHA Database Activity and Analysis BCHA Database BCHA Database Activity Q1 FY 2015 New Household Applicants New Applicant Income Profile Households Removed from Database Applicants Removed from Database Section IV Overview (pages 11-28) BCHA Database Characteristics Distribution of Income Category Income Category Trends Distribution of Household Size Applicant Households in each Income Category, by Household Size Distribution of Household Size relative to Household Income Distribution of Applicant Households City of Employment Distribution of Applicant Households Desired Home Location Location Desired by Household Size Distribution of Applicant Households Desired Home Type Type of Housing Desired by Household Size Type of Housing Desired by Location Desired Number of Community Homes by Income Category Number of Community Homes by Location City of Ketchum Housing Stock Utilization Distribution of Community Homes by Unit Size Applicants Desire to Own or Rent

12 BCHA Database Activity & Analysis The Blaine County Housing Authority (BCHA) updates the community housing applicant database continuously. Applicants are contacted at least once per year, approximately 25% each quarter, to ensure that the information about the applicant households in the database remains current. As of December 31, 2014, there were 118 active applications in the database, representing a total of 237 individuals. Comparatively, there were 110 active applications representing 200 individuals on December 31, BCHA Database Number of Households Number of Individuals 7% Increase in Applicants December 31, 2013 December 31,, 2014 The net difference from one year ago is +8 households. This represents a seven percent (7%) increase in the number of applicant households and a nineteen percent (19%) increase in the number of individuals, indicating an increase in the number of larger households seeking housing assistance. This net increase demonstrates continuing demand for affordable housing, but it does not accurately demonstrate the number of households BCHA works with on a regular basis. In the first quarter of FY 2014, BCHA has interacted with thirty-five (35) unique households in our database. 12 new applications 23 households removed from database

13 BCHA Database Activity & Analysis The table below shows the income category and what type of community housing (rental or ownership) each new applicant is seeking. It also shows the reason each household was removed from the database. FY 2015 BCHA Database Activity New Household Applicants Q Q Q Q Totals Percentage of Total Total Interested in Ownership Only % Interested in Rental Only % Interested in Rental or Ownership - 0 0% Income Category % Income Category % Income Category % Income Category % Income Category 5-0 0% Income Category % Households Removed from Database Q Q Q Q Totals Total Purchased or Rented an affordable unit % Purchased or Rented Market-Rate Housing % Unable to Contact, Presumed moved % No Longer Interested/Qualified % December

14 New Household Applicants Analysis of the twelve (12) new applicants indicates the strongest interest is in rental opportunities in Q1 FY % seeking rental only, 25% were seeking ownership only and 0% seeking either rental or ownership housing. New Applicant Preferences Purchase Only 25% Both 0% Rental Only 75% This data point continues to fluctuate as we have noted in our previous reports. BCHA will continue to monitor these trends closely in order to advise our affordable housing development partners and our local jurisdiction stakeholders with sound affordable housing development and policy advice. Analysis of the income profiles of the new applicants is equally important to provide reliable development and policy advice. In Q1 FY 2015: Sixty-six percent (66%) of our new applicants are considered low-income (Categories 1 & 2) o In general, low-income households struggle to qualify for homeownership without significant subsidies. These households are best suited to affordable rental opportunities. Eight percent (8%) are considered moderate-income (Category 3) o These households can generally qualify for homeownership with some assistance. Assistance for this group can be provided through local, state or federal programs. While many of these households are income qualified, they encounter other barriers to homeownership in their personal profiles. Barriers include high debt to income ratios, low or no credit scores, short sales, foreclosures, bankruptcies and little or no savings for a down payment. BCHA works with these applicants and with other professionals (mortgage brokers, banks, credit counselors, etc.) to prepare these households for homeownership

15 New Household Applicants Twenty-five percent (25%) of our new applicants are considered median and above median income (Category 4+) o Households in these income categories struggle to find homeownership opportunities that are affordable to them in high-cost markets like Blaine County. Most housing markets in the United States support homeownership for this group. Consequently, the only assistance available to these households are programs designed and funded by the local community. There is no state or federal assistance available. The BCHA Homeownership Programs developed with the local jurisdictions and the development communities are the only source of affordable housing for households in these income categories when the market does supply affordable housing. Category 4+ (>80% AMI) 25% New Applicant Income Profiles Categories 1 & 2 (< 60% AMI) 66% Category 3 (< 80% AMI) 8% Previous Year Comparison (new applicants) o Categories 1 & 2 (<60% AMI) FY 2013 = 65% FY 2014 = 55% o Category 3 (<80% AMI) FY 2013 = 23% FY 2014 = 25% o Category 4+ (>80% AMI) FY 2013 = 15% FY 2014 = 20% The first quarter of the year is a relatively small sample and we will withhold comment on any apparent trends until mid-year

16 Households Removed from the Database The reason households are removed from the database fall into four (4) categories. o Purchased or rented a Community Home o Purchased or rented a market-rate home o Unable to contact, presumed moved from Blaine County o No longer qualified or interested in Community Housing No Longer Interested/Qualified 34% Applicants Removed from Database Purchased or Rented an Affordable Unit 22% Unable to Contact, Presumed Moved 22% Purchased or Rented Market-Rate Housing 22% Twenty-two percent (22%) of households removed from the database either purchased or rented homes in BCHA s stewardship or in units developed with our development partners. o This quarter s percentage is relatively lower than our recent reports. (39% Q4 FY14, 37% Q3 FY14, 44% Q2 FY14 and 53% Q1 FY14). o This drop-off is directly attributable to the availability of Community Housing stock. As we have reported over the past two years the number of Community Housing resales were at historic highs. These resales allowed BCHA to match applicants in our database with these homes and find long-term housing solutions. The lack of resale opportunity and activity in Q1 FY 2015 is reflected directly in this lower percentage of applicants purchasing or renting Community Housing. Twenty-two percent (22%) of the households BCHA removed from the database were removed because we were not able to contact the applicant. o These households are presumed to have moved from Blaine County. This data point is down from thirty-one percent (31%) in FY 2014 and seventy-seven percent (77%) in FY We believe the stabilization and decrease in this data point is influenced by the stabilization in the job market. While the recovery is slow, we are no longer seeing massive job losses

17 Twenty-two percent (22%) of the households removed from the database found market-rate housing solutions. o The market continues to present opportunities for households in the higher income categories. BCHA recognizes that the combination of affordable housing programs and market-rate housing options are essential to supporting the workforce of Blaine County. The remaining thirty-four percent (34%) were removed either because they are no longer interested in BCHA programs or they no longer qualified. BCHA Database Characteristics The 2014 Area Median Income (AMI) is $80,600 for a family of four in Blaine County. The 2014 income limits for each household size and income category are shown in the table below. They can also be found on the BCHA website or by contacting BCHA Household Income Limits Very Low Low Income Extremely Low Household Category 1 Category 2 Category 3 Category 4 Category 5 Category 6 Category 7 Category 8 Category 9 Category 10 Category 0 Up to 50% of 50% to 60% of 60% to 80% of 80% to 100% of 100% to 120% of 120% to 140% of 140% to 160% of 160% to 180% of 180% to 200% of 200% to 220% of Up to 30% of Size Median Median Median Median Median Median Median Median Median Median Median 1 28,250 33,850 44,750 56,450 67,700 79,000 90, , , ,150 16, ,250 38,700 51,150 64,500 77,400 90, , , , ,850 19, ,300 43,550 57,550 72,550 87, , , , , ,600 21, ,300 48,350 63,900 80,600 96, , , , , ,300 24, ,550 52,250 69,050 87, , , , , , ,500 26, ,750 56,100 74,150 93, , , , , , ,700 28,100 Allowable Net Worth 75,000 85, , , , , , , , ,000 Allowable Net Worth (Seniors) 132, , , , , , , , , ,000 "Great communities are intentional. The future isn't something that happens to you. The future is something you create. Decide who you want to be, then go get it." -Chris Gates

18 Chart 4.1: Distribution of Household Income BCHA Database Characteristics The majority of the demand for community housing comes from households earning 80% of the Area Median Income (AMI) or less (Income categories 1-3). o Eighty-one percent (81%) of the applicant database. o The remaining nineteen percent (19%) of households earn more than 80% AMI. o One year ago this ratio was 73% and 27% respectively. A good rule of thumb is that households earning above 60% AMI (Income Categories 3 and above) can qualify for homeownership and those earning less than 60% AMI (Income Categories 1 and 2) are more suited to affordable rental opportunities. o Using this guideline (not an absolute rule) we see that the Income Categories of households in the BCHA database breakdown 40/60 percent between households who can qualify for affordable homeownership opportunities and those who are more likely to be seeking affordable rental opportunities. o One year ago this ratio was 51/

19 Chart 4.2: Income Category Trends. BCHA Database Characteristics Chart 4.2 shows the trends of all Income Categories since December of 2009 as a percentage of the BCHA database. Forty-nine percent (49%) earn less than 50% of the AMI (Income Category 1). o This percentage is up from forty-one percent (41%) one year ago. The percentage of Income Category 1 applicants remains at historic highs. This is a significant change in the profile of the BCHA database. o The persistence of this trend demonstrates a fragile and fragmented economic recovery in Blaine County. It appears that this may be the new normal in Blaine County for the foreseeable future. In December 2009, there was a healthy balance of Category 1, Category 3 and Category 4 households representing 25%, 24% and 22% of the applicants respectively. (Note that Category 2 represents households earning a 10% range (50%-60%) of AMI where all other Categories represent a 20% range.) This healthy balance no longer exists. The percentage of Income Category 3 and Category 4 applicants, often the easiest demographic to serve, have trended down since December Category 3 applicants dipped below 20% in the spring of 2013 and continue to fluctuate in the low to mid 20% range. Category 4 applicants (earning between 80%-100% AMI), and essentially the middle class is trending down and remains between 10% and 15% when looking at the same period

20 Chart 4.3: Distribution of Household Size BCHA Database Characteristics Singles continue to dominate the database, representing fifty-two percent (52%) of the active applications. Two person households account for another twenty percent (20%) of applicants. Households of three or more represent the remaining twenty-seven (27%) of applicants. o While the number of families (presumably households of three or more) within the database is currently lower than individuals, anecdotal evidence suggests that this may be due to the current composition of the community housing inventory. o The current inventory of units by number of bedrooms under BCHA's stewardship is shown in Chart We believe the lack of units with 3 or more bedrooms in BCHA s stewardship inventory discourages families from applying with BCHA. Compared to one year ago: o One-person households are down by 3 applicants o Two-person households are up by 4 applicants o Three-person households are up by 5 applicants o Four plus person households are up by 2 applicants

21 BCHA Database Characteristics Table 4.2 and Chart 4.4 illustrate the distribution of the 118 applicants by the size of each household and that household's respective income category. Table 4.2: Applicant Households in each Income Category, by Household Size. Household Size Number of Applicant Households in each Income Category by Household Size Cat 1 Cat 2 Cat 3 Cat 4 Cat 5 Cat 6 Cat 7 & over Chart 4.4: Distribution of Household Size relative to Household Income Single-person households dominate most income categories as that is the majority of the database as a whole. As the household income categories rise, the household size is more a more evenly distributed

22 BCHA Database Characteristics Chart 4.5: Distribution of Applicant Households City of Employment Data is based on the primary applicant s place of employment and does not include the place of employment of any co-applicant. The majority of BCHA's applicants are employed in the north valley at sixty-eight percent (68%). Thirty percent (30%) work in Hailey or Bellevue. The unspecified two percent (2%) represents the currently unemployed, retired, disabled, selfemployed or location neutral households. Compared to one year ago: o Bellevue & Carey employees increased by 1 applicants o Hailey employees decreased by 3 applicants o Ketchum employees increased by 4 applicants o Sun Valley employees increased by 6 applicants o Unspecified and location neutral employees increased by 1 applicants

23 BCHA Database Characteristics Chart 4.6: Distribution of Applicant Households Desired Home Location Locations indicated in the chart are applicant households first choice. Applicants preferred location is closely related to their place of employment. o Sixty-four percent (64%) prefer Ketchum or Sun Valley o Thirty-four percent (34%) prefer Hailey or Bellevue

24 Chart 4.7: Location Desired by Household Size Locations indicated in the chart are applicant households first choice. Ketchum is the most preferred location for single and two-person households. There is more balance among households of three or more with Hailey being the preference. Chart 4.8: Distribution of Applicant Households Desired Home Type Home types indicated in the chart are applicant households first choice. Condominiums and single family homes are desired by most applicant households. Duplexes and townhomes are the next most popular preference among those indicating a choice

25 BCHA Database Characteristics Chart 4.9: Type of Housing Desired by Household Size Condominiums are preferred by single applicants. Two person households and families prefer single family detached homes. There is some demand for condominiums among couples and families. Duplexes and townhomes are less desired by most household sizes. Chart 4.10: Type of Housing Desired by Location Desired Condominiums are preferred by applicants who prefer to live in Ketchum. Detached single family homes are preferred by those who prefer to live in Sun Valley, Hailey & Bellevue

26 BCHA Database Characteristics Chart 4.11: Number of Community Homes by Income Category The chart above details the inventory of 83 ownership units and 13 rental units in BCHA s stewardship by Income Category. Seventy-eight percent (78%) of homes in BCHA's stewardship program are owned by Income Category 3 and Category 4 households (60%-100% AMI). Eighteen percent (18%) are owned by households at Category 5 and above (>100% AMI). Only one percent (1%) of the homes are available to households at Income Category 2 or lower (<60% AMI). Two percent (2%) of the homes are restricted to the Blaine County Workforce with no income or selling price restrictions. Seventy percent (70%) of BCHA rentals are available to Income Category 1 and Category 2 households. Twenty-three percent (23%) of BCHA rentals are available to Income Category 3 households. Eight percent (8%) of rentals are available to Category 4 and above households

27 BCHA Database Characteristics Chart 4.12: Number of Community Homes by Location There are currently 60 ownership units and 6 rental units administered by BCHA in Ketchum. In Sun Valley there are 8 ownership units administered by BCHA. There are 2 ownership and 6 rental units in the mid-valley that are administered by BCHA. In Hailey there are 13 ownership units administered by BCHA. In Bellevue, there is 1 rental unit administered by BCHA

28 BCHA Database Characteristics Chart 4.13: Distribution of Community Homes by Unit Size One and two bedroom units make up the majority of BCHA ownership and rental units. Only 17 of 96 total units that are 3 or more bedrooms

29 Chart 4.14: Applicants Desire to Own or Rent BCHA Database Characteristics Currently, the demand for rental units is significantly higher than the demand for ownership units. o Forty-five (45%) percent are interested in rental only. o Twenty-five (25%) percent are interested in purchase only. o Twenty-five (25%) percent are interested in purchase or rental. One year ago these percentages were 34%, 34% and 31% respectively. BCHA continually tracks demographics and preferences of the applicant households. We report on the trends that may emerge, and actively share this information with policy makers, developers and the community in order to best meet the demand of the community s workforce. Respectfully submitted, David Patrie, Executive Director Appendices Follow: Appendix A - BCHA December 31, 2014 Financial Statements Appendix B - BCHA Ownership and Rental Unit Inventory, December 31, 2014 The Blaine County Housing Authority s mission is to advocate, promote, plan and preserve the long-term supply of desirable and affordable housing choices in all areas of Blaine County in order to maintain an economically diverse, vibrant and sustainable community

30 Appendix A - December 31, 2014 Financial Reports

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33 Appendix B - BCHA Ownership and Rental Inventory

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