Housing Policy Meeting NonCompetitive Housing Global Issue 8

Housing Policy Meeting Non-Competitive Housing

Global Issue 8: Overabundance of Less Competitive Housing How Do We Deal With an Overabundance of Certain Style Houses? • • • 2 Bedrooms Small House/Lot Size 70% Starter Homes Older Non-historic Missing Amenities Balance between affordable and City needs? Housing Policy Meeting

Global Issue 8: Overabundance of Less Competitive Housing Question 1: How Do We Deal with an Overabundance of 2 Bedroom Housing ? 2016 Census estimate: 40. 3% of Middletown Housing Is Two Bedrooms or Less Housing Policy Meeting

Global Issue 8: Question 1: How Do We Deal with an Overabundance Of 2 Bedroom Housing? Overabundance of Less Competitive Housing Balanced Housing Stock Based on Number of Bedrooms as a Percent of Total Housing Stock* # Middletown # Bedrooms Households None 580 1 bed 2, 551 2 bed 2. 5% Middletown Mix at Butler County% 185 0. 8% 11. 1% 1, 453 6. 3% 8, 300 36. 0% 5, 582 24. 2% 3 bed 8, 996 39. 0% 8, 904 38. 6% 4 bed 2, 386 10. 3% 6, 043 26. 2% 5 or more 255 1. 1% 899 3. 9% Difference -395 -1, 098 -2, 718 -92 3, 657 644 To “balance” with Butler County housing, we would need to demolish 4, 303 smaller homes and replace them with new 3 -4 bedroom homes. * 2015 census data. BC percentages calculated by backing Middletown out Housing Policy Meeting

Global Issue 8: Question 2: How Do We Deal with an Overabundance Of Under $100 K Housing? Overabundance of Less Competitive Housing 55. 4% of Middletown Housing is Valued Under $100, 000 34. 5% of Ohio Housing is Valued Under $100, 000 Housing Policy Meeting

Global Issue 8: Question 2: How Do We Deal with an Overabundance Of Under $100 K Housing? Overabundance of Less Competitive Housing Balanced Housing Stock Based on Price Range as a Percent of Total Housing Stock* Housing Value Less than $50, 000 $50 K - 99, 999 $100 K - 149, 999 $150 K - 199, 999 $200 K - 299, 999 $300 K - 499, 999 $500 K - 999, 999 over $ 1 million *2015 census data. BC percentages calculated by backing Middletown out **Middletown Owner Occupied Homes Middletown Housing Mix at Butler County % # Middletown Households** 1, 585 4, 187 2, 397 1, 353 598 182 68 38 15. 2% 40. 2% 23. 0% 13. 0% 5. 7% 1. 7% 0. 4% 614 1, 592 2, 175 2, 540 2, 342 926 177 31 Difference 5. 9% 15. 3% 20. 9% 24. 4% 22. 5% 8. 9% 1. 7% 0. 3% -971 -2, 595 -222 1, 187 1, 744 109 -7 To “balance” with Butler County housing, we would need to demolish 3, 788 homes under $150, 000 and replace them with homes priced between $150, 000 -$499, 000. Housing Policy Meeting

Global Issue 8: Question 1: How Do We Deal with an Overabundance Of 2 bedroom Housing? From Danter: Overabundance of Less Competitive Housing SINGLE FAMILY HOME PRICE RANGE $150, 000 - $199, 999 ESTIMATED ANNUAL DEMAND 45 $200, 000 - $249, 999 36 $250, 000 - $299, 999 $300, 000 - $349, 999 14 $350, 000 - $399, 999 $400, 000 - $499, 999 10 $500, 000 and Over 12 7 3 CONDOMINIUM PRICE RANGE $150, 000 - $199, 999 $200, 000 - $249, 999 $250, 000 - $299, 999 $300, 000 - $349, 999 $350, 000 - $399, 999 $400, 000 - $499, 999 $500, 000 and Over Total Housing Policy Meeting ESTIMATED ANNUAL DEMAND 15 6 4 4 2 1 1 33

Global Issue 8: Overabundance of Less Competitive Housing Tools: • Industrial Buffer – remove Lower Value homes • Add Master Suite where possible in Target Neighborhoods • Increase Value with Add’l Bedroom and Bath • Infill Construction must be 3+ bedrooms – Over $100 K • New Home Construction (Ryan, etc. ), all 3+ bedrooms – Over $10 Housing Policy Meeting

Global Issue 9: Healthy Neighborhoods What are the Characteristics of a Healthy Neighborhood? • Infrastructure – streets, sidewalks, alleys, lighting • Parks/ Recreation • Gateways Housing Policy Meeting

Global Issue 9: Pavement Conditions Citywide Healthy Neighborhoods What are the Characteristics of a Healthy Neighborhood? Housing Policy Meeting

Global Issue 9: Healthy Neighborhoods What are the Characteristics of a Healthy Neighborhood? Gateways Alleys (Kansas City) Street Lighting (LED, Decorative, Light Standards) Housing Policy Meeting

What are the Characteristics of a Healthy Neighborhood? Global Issue 9: Healthy Neighborhoods Modern Neighborhood Parks (Parks Master Plan, Tie in Local Industry) Housing Policy Meeting

Global Issue 10: Healthy Neighborhoods A balanced housing stock is a subjective evaluation that creates a diverse housing stock, providing best possible choice in: Housing Types (Mix Of Single Family/ Multi-family); Size Of Housing (Mix Of Sq. Feet/ Bedrooms, Etc. ); Age Of Housing (New Construction/ Renovated/Historic); Affordability (Mix Of Price Ranges Of Homes/Rents); Amenities (E. G. ’S-garage/ Recreation/ Off Street Parking/ Parks # Bathrooms/ Updated Electric, Etc. ); Location; And Housing Density To attract a wide range of residents with varying family sizes and household incomes resulting in full occupancy, increased demand for homes and rentals, with the highest possible income tax potential and appreciating property and rental income values. Housing Policy Meeting

Global Issue 10: • Wi-fi Access • Neighborhood Business Needs • Access to Health Care Healthy • Access to Retail/Food Neighborhoods • Smart City Concepts • School Readiness/ Tutoring • Day Care • Transportation • Low Crime • Recreational Opportunities • Workforce Participation Non-Infrastructure Characteristics? • Landscaping/ Trees Housing Policy Meeting

November 8 Developer Presentation on Proposed Baltimore Neighborhood Redevelopment Proposal Deals with the Global Issues We’ve Discussed Since June Housing Policy Meeting

Housing Policy Meeting Non-Competitive Housing