Mixed Income Transit-Oriented Rental Housing Study Margaret Eberle SENIOR HOUSING PLANNER City of Vancouver, January 25, 217
Metro Vancouver 24: Shaping our Future 2
Goal 4: Develop Complete Communities
Metro Vancouver Housing Roles Housing policy and research Metro Vancouver Housing Corporation complexes Affordable housing development / redevelopment Homelessness Partnering Strategy 4
The Metro Vancouver Housing and Transportation Cost Burden Study A New Way of Looking at Affordability
Regional Affordable Housing Strategy
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
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
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
Metro Vancouver TransLink Vancity BC Housing BC Non-Profit Housing Association Strategic Partnership 1
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
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 23 24 25 26 27 28 29 21 211 212 213 214 215 12
Activity 2: Transit Ridership Findings 1. Compact areas with higher population near the Frequent Transit Network support higher transit ridership. 13
Focused Population and Transit Use TRANSIT TRIPS PER 1 WORKERS 4 35 3 25 2 15 1 5 Transit usage rates for workers living in denser parts of the region are up to 3X higher than for workers elsewhere. High 5 Density 4 ---------------- 3 Low 2 Density 1 14 Source: 211 NHS
Focused Population and Transit Use 4 TRANSIT TRIPS PER 1 WORKERS 35 3 25 2 15 1 5 Owner Renter Combined High 5 Density 4 ---------------- 3 Low 2 Density 1 15 Source: 211 NHS
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
Tenure, Income, and Transit Use Renters - 211 Owners 211 5 Toronto Montreal Metro Vancouver 5 Toronto Montreal Metro Vancouver 45 Ottawa-Gatineau Calgary Edmonton 45 Ottawa-Gatineau Calgary Edmonton TRANSIT TRIPS PER 1 WORKERS 4 35 3 25 2 15 1 TRANSIT TRIPS PER 1 WORKERS 4 35 3 25 2 15 1 5 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
Tenure, Income, and Transit Use Renters 211 Owners 211 45 45 TRANSIT TRIPS PER 1 WORKERS 4 35 3 25 2 15 1 5 TRANSIT TRIPS PER 1 WORKERS 4 35 3 25 2 15 1 5 Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Toronto 4 39 35 32 Montreal 37 33 3 28 Metro Vancouver 32 31 27 23 Ottawa-Gatineau 34 3 27 24 Calgary 27 24 21 19 Edmonton 26 23 18 15 Source: 211 NHS Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Toronto 16 17 18 17 Montreal 14 15 15 15 Metro Vancouver 16 16 16 14 Ottawa-Gatineau 14 14 18 16 Calgary 12 14 14 13 Edmonton 8 11 1 8 18 Source: 211 NHS
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
Expo Line Corridor TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 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 32 31 3 29 Renters 43 46 36 35 Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 2
96 B-Line Corridor (Surrey) TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Owners 18 14 19 16 Renters 3 29 23 17 Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 21
FTN Hastings Corridor (Vancouver, Burnaby) TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 Less than $3, $3, to less than $5, $5, to less than $75, $75, or more Owners 2 18 23 21 Renters 37 33 29 24 Source: 211 NHS TRANSIT TRIPS PER 1 WORKERS 5 4 3 2 1 Less than $3, Region $3, to less than $5, $5, to less than $75, $75, or more 22
What If Scenarios What if 1, households were added to a transit corridor? What if tenure and income were diversified? 23
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
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
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
Thank you