Why Are We Here?

• To educate the broad community about the importance of housing to individual, family and community well-being and to the strength of the local economy

• To understand the housing needs and priorities of all residents of Fairfax County

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Housing Matters

A Strategic Plan for a Vibrant, Sustainable and Inclusive Fairfax

County

Housing Matters

A Strategic Plan for

a Vibrant, Sustainable

and Inclusive Fairfax

County

Why Prepare a Strategic Plan for Housing

To create a shared community vision of how housing supports local economic growth and community sustainability

To quantify the housing needed to sensibly accommodate future growth and support the County’s economic sustainability

To develop specific, measurable, and actionable strategies for meeting Countywide housing goals

To identify the program and policies, and specific funding sources, that will be required to address housing needs in 5, 10, and 15 years

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Why Prepare a Strategic Plan for Housing

Why Housing Matters in Fairfax County

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Strategic Plan to Facilitate Economic Success

Human Services Needs Assessment

One Fairfax Resolution

Why Housing Matters • 1n Fairfax County

RESOLUTION

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Why Housing Matters in Fairfax County

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Housing serves as a platform for

individual and family well-being

______

Economic self-sufficiency and upward mobility

Student achievement and academic success

Physical and mental health and well-being

Housing is the basis for inclusive and

diverse communities______

Equitable access to opportunities and services, regardless of race and socioeconomic status

Communities in which everyone can prosper

Housing supports sustainable local

economic growth______

Housing opportunities to encourage people to both

live and work in the community

Short commutes, easier to attract and retain workers

Communities that are world-class places to live,

work and play

y Hou i g Ma er in Fai a ou ty

Housing Serves as a Platform for Individual and Family Well-Being

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Research consistently shows that having access to stable and affordable housing in safe neighborhoods is associated with: More consistent school attendance and

better academic performance Better physical and mental health for

children and adults Less stress for parents Increased likelihood of upward

economic mobility

Housing Serves as a Platform for Individual and Family Well-Being

Housing is the Basis for Inclusive and Diverse Communities

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By providing housing affordable and appropriate for individuals and families of different backgrounds, cities and counties can help ensure:

Equitable access to opportunities and services, regardless of race and socioeconomic status

Communities in which everyone can prosper and in which everyone can benefit from a diversity of interests and assets

Housing is the Basis for Inclusive a nd Diverse Communities

Housing Supports Sustainable Local Economic Growth

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Hard data and anecdotes from businesses and workers demonstrate that more housing options: Helps people both live and work in the

community, leading to shorter commutes and less traffics

Makes it easier to attract and retain workers

Reduces income segregation, which is associated with slower overall economic growth

Broadens County’s tax base

Housing Supports Sustainable Local Economic Growth

The County’s Strategic Plan for Economic Success Emphasizes the Importance of Housing

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Goals from the Economic Success Plan

Further Diversify Our Economy

Create Places People Want to Be

Improve Development Review Process

Invest in Infrastructure

Promote Education and Social Equity

Increase Agility of the Government

A Sufficient Supply of Housing to Meet Diverse Housing Needs

ounty's Strategic Plan for Economic Success hasizes the Importance of Housing

A Sufficient Supply of Housing to Meet Diverse Housing Needs

Housing Costs are Rising in Fairfax County and Incomes are Not Keeping Up

9Source: U.S. Census Bureau American Community Surveys, 2010 and 2015; MRIS

17%15%

23%

27%

Rents Single Family Homes Town Homes Condos

Change in Housing Costs Between 2010 and 2015

Homeownership

10% Change in Household Incomes

Housing Costs are Rising in Fairfax County and Incomes are Not Keeping Up

Housing Costs Are Increasingly Out of Reach for Working Households

The average monthly rent in Fairfax County was $1,764 in 2015.You need an income of at least $70,560 to afford the typical rent.

10Sources:U.S. Census Bureau, 2015 American Community Survey; Economic, Demographic and Statistical Research; Fairfax County Department of Neighborhood and Community Services

Many public sector workers who serve the Fairfax County community cannot afford to live here.

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Teacher

Starting Salary-$47,046

Would need to work

11 years before earn ing enough to rent the average one bedroom unit.

Police Officer

Starting Salary-$50,264

Would need to work 5 years before earning enough to rent the average one bed room unit.

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Public Health Nurse

Starting Salary-$51,254

Would need to work 6 years before earn ing enough to rent the average one bedroom unit.

Housing Costs Are Increasingly Out of Reach for Working Households

11Sources:U.S. Census Bureau, 2015 American Community Survey; National Housing Conference Paycheck to Paycheck

Many private sector employees who are key to local economic growth cannot afford to live here.

Retail Sales Person

Avg. salary: $29,552

Graphic Designer

Avg. salary: $58,503

Security Guard

Avg. salary: $31,850

Accountant

Avg. salary: $64,960

Medical Records Transcriptionist

Avg. salary: $46,679

Key Employment Sectors in the Fairfax County Economy Have Lower Wages

12Source: GMU

Less than $25,000

23%

$25,000 -$50,000

22%

More than $50,000

55%

Fairfax County Jobs by Wage

About 45% of all jobs in the County pay less than $50,000 per year.

That includes nearly 300,000 jobs in the Business Services, Retail, Hospitality, Construction, Health Care and Education sectors.

Key Employment Sectors in the Fairfax County Economy Have Lovver Wages

Housing Costs are a Rising Share of Households’ Incomes

Thousands of individuals and families in Fairfax County spend more than half of their income each month on housing costs

The Result Families spend less on other necessities such

as food, health care, transportation, child care and education They also spend less on other goods and

services in the local economy.13

Housing Costs are a Rising Share of Households' Incomes

Why Aren’t We Building More Affordable Housing?

It costs a lot to build housing in Fairfax CountyExpensive land and rising construction and labor costsState and local regulations, including zoning that limits the construction of smaller homesCommunity opposition to new housing

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Why Aren't We Building More Affordable Housing?

Why Aren’t We Building More Affordable Housing?

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Building housing affordable to low-income households involves multiple sources of funding and public subsidyWithout those, the project doesn’t “pencil out” and the housing doesn’t get built

Why Aren't We Building More Affordable Housing?

Cost of Devellopmen Ant i:cipoted 1Revenue

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What Is the County Doing to Increase Housing Options?

Land Useand

ZoningFinancial Resources

Services

There is no one, single strategy for ensuring diverse housing options in the County

ty Doing to Increase Housing

Housing For All in Fairfax County to Build Strong Families and Communities and a Sustainable Economy

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