October 30, 2018
Enterprise Updated Its Interactive Report on Trends in Housing Tenure
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- The Enterprise Policy Development & Research team has updated its interactive report on trends in housing tenure – that is, whether people own or rent, using data released today as part of the U.S. Census Bureau’s third quarter 2018 Housing Vacancy Survey (HVS). The interactive graphics in the report, which breakdown tenure trends by age, race/ethnicity and income, reveal stark disparities in the share of homeowners among these subsets of households, as well as changes in rates that are narrowing some tenure gaps and expanding others. While homeownership among Hispanic, Asian and non-Hispanic Whites households have increased to 47.1, 55.7 and 72.8 percent, respectively, over the past two years, rates for non-Hispanic Blacks have been nearly flat, which widened their tenure gap with non-Hispanic White households to 31 percentage points – a record for this 25-year series. The report points out that households with incomes above the national median have a homeownership rate above 78 percent, despite only marginal growth since the end of the housing boom. Enterprise acknowledges that addressing these issues will require action at the local, state and federal level, as local and regional zoning reforms can reduce barriers to building more affordable rental housing and national-level initiatives to increase access to homeownership will help more households achieve this dream. Learn more about the report in our blog post.
- The Sacramento City Council is considering adopting a measure that would waive city-imposed developer fees for new affordable housing units to encourage the production of these units and boost affordability across the city. Currently, a developer planning a building with 200 affordable units must pay more than $1.8 million in developer fees to the city, a considerable obstacle for projects that are often on thin margins to begin with. The passage of the measure is expected to make it easier for developers to fully fund their projects and move forward with affordable housing production. (Sacramento Bee, October 29, 2018).
- The New York Times notes that nearly three weeks after Hurricane Michael devastated the Florida panhandle, thousands of impacted Panama City residents remain homeless or in damaged housing units, including at least 1,000 living in shelters. City officials have called for the fast-tracking of FEMA’s assistance and Panama City Mayor Greg Brudnicki has urged federal officials to consider providing temporary housing through a range of options, including renting modular units and trailers, converting a school into a medium-term residential center, and leasing local condominium and hotel space. Impacted residents hope that swift and decisive action by federal officials will provide enough housing to prevent this challenge from worsening. (New York Times, October 29, 2018).
- NextCity has published the first essay of the Housing as Intervention: Architecture towards Social Equity series, a 17-essay volume of Architectural Design (AD) that looks at how housing developments and the design process behind them can be interventions towards greater access to opportunities and resources for an economically stable, healthy life. This piece notes that “Housing First” policies acknowledge that the pursuit of a healthy, fulfilling life is possible only when households have access to stable affordable, well-designed homes. It argues that architects can help fight housing inequality by working to design affordability by investing time and resources in new forms of housing that are more accessible and affordable to the working class. (Next City, October 29, 2018).
- Tomorrow, Enterprise Community Partners will hold a webinar on "Creative Placemaking: Filling the Void Between Development and Artists." This webinar will discuss with Kaziah Haviland, director of design and planning at Thunder Valley Community Development Corporation, and Lea Oxenhandler, Rose architectural fellow at People's Emergency Center, how they were able to bridge the connection between development and artists through identifying resources and making the case for including the work in the budget. Register here for the webinar.