HOUSING STRATEGIES PLANNING FOR THE FUTURE 2019 Association

HOUSING STRATEGIES: PLANNING FOR THE FUTURE 2019 Association of Idaho Cities Conference Erik Kingston, PCED Housing Resources Coordinator Idaho Housing and Finance Association Idaho Rural Partnership Western Community Assessment Network (We. CAN) NW Community Development Institute

HISTORY LESSONS RETHINKING EVERYTHING

POLICY IN HINDSIGHT Finance/transportation policy “…first, the seemingly irrational destruction of millions of private low. Commodification/conversions rent housingloss units that are still Compounded housing desperately needed, and second, Limited/limiting finance tools the near total misunderstanding of Supply-side life thinking in such places. ”

COMMODIFICATION 3. Detaches from community, dignity & “Valued housing as a commodity rather thanhuman a human 1. Undermines democratic governance and community security integrity “…global dwelling, financial housingfactors is now have a means led to greater secure and • Increases wealth and income disparity 2. Exacerbates inequality and social exclusion • Credit agencies trump human rights accumulate wealth rather than a place to live in income inequality, spatial segregation, inadequate • Housing as a speculative commodity becomes • Encourages gentrification • Remote control of housing use, cost, location or dehumanized dignity, to raise aand family and thrive within a housing provision growing homeless existence • Displaces marginalized populations • Outside investors detached from local residents or • Real estate industry plays central role ina government community. It has lost its currency as universal populations. ” housing needs and policy • Remote lacks accountability humanownership right. ”

EXTERNALIZED COSTS Speculation > inflation, displacement Stress, despair, dysfunction Productivity, health compromised Environmental and social burden

LATHER, RINSE, REPEAT “Loss of affordability can stop a market in its tracks” “Flipping shows are indicators of a bubble” —Matthew Gardner, Chief Economist, Windermere Realty

IN THE NEWS

RETHINKING MARKETS farming fishing forestry Bring ecosystem thinking to housing markets Real estate industry requires: § Healthy buyers w good credit and income § Diverse supply to allow movement § Essential services, workforce and amenities

RETHINKING SUBSIDY Case Study 1. Single parent commuting from Twin Falls to Ketchum daily to work as a barista. 2. Budget: 1 pre-K, 1 K-12 child F/T @ $7. 25/hr $1, 160 2 bdrm rent (2/19) $1, 016 Child care $550 Subtotal $1, 666 Monthly deficit -$406 Workers provide a subsidy to employers and customers by commuting long distances or compromising health and safety in order to provide service…at a price we consider affordable. — ‘Planning Behind’ thebluereview. org 9

RETHINKING SUBSIDY Case Studies 1. Retired nurse forced to buy food on credit, sell home of 40 years as property taxes double. 2. Elderly woman, disabled son face eviction with $150 rent increase over six months. 3. Mom, two kids face homelessness after $175 increase. 4. Prospective tenants need $2, 500 and up—in cash—just to be considered for modest rentals. 10

“Roads are made, streets are made, services are improved, electric light turns night into day, water is brought from reservoirs a hundred miles off in the mountains — and all the while the landlord sits still. Every one of those improvements is effected by the labor and cost of other people and the taxpayers. ” —Winston Churchill, House of Commons, 1909

RETHINKING FINANCE

RETHINKING LOCAL CONTROL reservestreetarmory. com

MIXING IT UP Preserve and conserve People over parking diet - Sandpoint embodied energy - Boise Demand-side planningparking and development How we might finance stuff Impact investing | crowdfunding | DPO Who informs development decisions CSB – Boise Brewing inclusive planning - Pyatok

Denver RETHINKING HOUSING squareonevillages. org kalkbreite. net Indie. Dwell. com ihtmv. org