Housing Policy Meeting Target Neighborhoods Substandard Conditions Middletown

Housing Policy Meeting Target Neighborhoods

Substandard Conditions Middletown Master Plan 1963 Fix It or Destroy It 55 years ago Housing Policy Meeting

December 4, 2018 Housing Stock/Neighborhoods – high Priority Housing Committee - 2019 Housing Policy Global Issue One – Tax Delinquent Property Global Issue Two – Vacant Residential Property Global Issue Three – Vacant Residential Land Global Issue Four – Property Maintenance Code Compliance A balanced housing stock is a subjective evaluation that creates a diverse housing stock, providing best possible choice in: • • • Global Issue Five – Housing Buffer Around Heavy Industry Areas Global Issue Six – Home Ownership 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/ off street parking/ parks); location; and housing density Global Issue Seven – Rental Housing Global Issue Eight – Overabundance of Less Competitive Housing. Global Issue Nine – Healthy Neighborhood Infrastructure to attract a wide range of residents with varying family sizes and household incomes resulting in full occupancy, increased demand for homes and Global Issue Ten – Non-Infrastructure Aspects of a Health Neighborhood rentals, with the highest possible income tax potential and appreciating property and rental income values. Global Issue Eleven – Unintended Consequences of Housing Choices – Gentrification Global Issue Twelve – Selection of a Neighborhood for Revitalization City Manager Reports

May 24, 2018 Global Issue 12: Target Neighborhoods What Process Will We Use to Select Neighborhoods for Revitalization? • Which Neighborhoods are Eligible? • Is There a Logical Basis to Pick One? • How Do We Choose Our First Neighborhood? • How Do We Involve the Public in the Process? • Pick our First Three Neighborhoods? Housing Policy Meeting

Oakland Vail • Renaissance • Incentive • District Paperboar d

3 1 2 Housing Policy Meeting

Housing Policy Meeting

Housing Policy Meeting

Our Third Highest Scoring Census Tract is within the City’s Opportunity Zone Housing Policy Meeting

What are Opportunity Zones? Opportunity Zones (OZs) are part of a developmental program that promotes the long-term investment in and development of lowincome urban and rural real estate across the United States. The program incentivizes reinvestment in distressed communities by giving investors substantial tax breaks on their capital gains. The tax breaks are based on how long an investment is held with a qualified Opportunity Fund. Housing Policy Meeting

December 4, 2018 Funding Sources Available • • • • Housing Stock/Neighborhoods – high Priority CDBG $650 K annually HOME $350 K annually General Fund as appropriated Annual Paving Dollars Brownfield Grants as available HUD Section 108 Loan up to $3. 5 million 2020 Plan Developers – Whole Capital - Parks $100, 000 Neighborhood/Oakland TIF – As legally available Neighborhood Community Revinvestment Areas Infrastructure $100, 000 Trees/Removal/Nursery $25, 000 Other Grants - TBD Wayfinding/ Park Acquisition Fund $152 K Beautification $20, 000 Non-Profit/Institutional/Business partnerships Flippers Seizure of vacant property through Land Bank City Manager Reports

3 5 1 8 2 7 6 4 Do We Only Work on One Neighborhood at a Time? If More Than One, What is the Second Neighborhood? Should We Consider Other Neighborhoods Than the Highest Ranking? Housing Policy Meeting

Specific Issue 1: Target Neighborhood Design • • • Streets, Sidewalks, Alleys Gateways, Crosswalks, Signage Vacant Houses/Vacant Lots Property Code Violations Demolition Community Assets – What Does This Neighborhood Need to Be Sustainably Revitalized? Parks/Recreation • Health/Crime/Neighborhood Participation 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: • 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

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

May 24, 2018 Specific Issue 2: Target Neighborhood Costs What Does This Neighborhood Plan Cost to Implement? • • Initial Costs Revenue Sources Maintenance After Revitalization HOA? Housing Policy Meeting

May 24, 2018 Specific Issue 3: Five Year Revitalization Plan What Does This Plan Cost to Implement Over the Next 5 Years? • Costs Per Year for Five Years • Benchmarks on What is to be Accomplished in Each Neighborhood Each Year • Maintenance Costs Ongoing Housing Policy Meeting

May 24, 2018 Specific Issue 4: Housing Committee Ongoing Draft Policy by mid-March Meet in April to Start Discussions on Policy Draft/Neighborhood Planning Maintain the Housing Committee To Oversee Each Year’s Plan? • • • Realtors Landlords Bankers Developers Home Builders Remodelers Non-Profit Housing CARE Council Com Revitalization MFD/MPD Housing Policy Meeting

Housing Policy Meeting Target Neighborhoods