Agenda 12/14/2010 Item #10D
Agenda Item No. 10D
December 14, 2010
Page 1 of 17
EXECUTIVE SUMMARY
Presentation of the 2010 countywide affordable housing inventory.
OBJECTIVE:
To present the 2010 countywide aflordable housing inventory to the Board of County
Commissioners (BCe) - inclusive of "restricted" (restricted by regulatory requirements, e,g.
Affordable Housing Agreement) and "unrestricted" (markct rate) residential units.
CONSIDERATIONS:
At the June 22, 2010, Board of County Commissioners (BCe) meeting, staff was directed to
inventory unrestricted residential units within thc County to determine the number of units that
can be categorized as "affordable" based on qualifYing criteria of the State Housing Initiatives
Program (SHIP), and then present the results to the Board.
To create the inventory of unrestricted affordable housing units within the County, staff
conducted multiple GIS qUClies of the Property Appraiscr's database in order to identifY the
affordable mortgage ranges for the very low (50% of thc County's median income), low (80% of
the County's median income) and moderate (120% of the County's median income) income
levels (refer to specific categories in the attachment titled "Staff Analysis"),
Staff mapped the affordable housing inventory jor each Commission District (and, at the request
of Commissioner Fiala, who has taken the lead on this directive, for the East Naples Civic
Association (ENCA) boundaries) using the following parameters, which yields twelve (12)
different scenarios:
. affordable housing categories - very low, low and moderate income;
· household size - two and four persons (as agreed to by the BCC on June 22,2010); and,
. monthly recurring debt - $0 and $300 (as possible representative figures of household debt,
such as student loan, car payment, credit card, etc.).
The detailed results and mapping per thc above parameters are provided as attachments to this
Executive Summary; importantly, the explanation of the information depicted on the maps is
contained within the attached "Staff Analysis." The range of housing units, qualifying as
affordable, by specified area, appears in the table below.
Area 2 -Person Household/50'Yo of Median 4 -Person Household/120% of Median
Income/$300 Recllrrill!! Debt: # DUs Income/$O Recllrrin!! Debt: # DUs
District 1 1,185 (28% of total) 30,293 (24% of tot at)
District 2 503 (12%, of total) 24,455 (19% of Iota I)
District 3 1,068 (26% of total) 31,492 (25% of total)
District 4 691 (16%, oftolal) 17,837 (14% of total)
District 5 762 (18% of total) 23,067 (18% of Iota I)
Total 4,209 127,144
ENeA 1,246 (30% of lotal ) 33,875 (27% of lot at)
---
I. The umt counts mclude all ownershIp dwellmg U1l1ts, except lllOOllc home and cooperative umts.
2. There are 196,241 dwelling units in the County, inclusive oral] unit types and both OWIICfShip & rental.
BCC Directed Affordable Housing Inventory
BCC Hearing Date 12/14/10
Page 1 of3
Agenda Item No. 10D
December 14, 2010
Page 2 of 17
It should be noted that the dwelling unit figures in the] 20% column are cumulative, i.e. the
figures in that column include those units within the 50% column and all other scenarios not
shown in the table (see attached "Staff Analysis" for further explanation). The above ranges of
countywide totals (4,209 and ]27,]44) represcnt 2% and 65% of the total dwelling units
(196,24]) in Collier County (includes all dwelling unit types in both ownership and rental units).
Additionally, the inventory results above provide only the potential supply of unrestricted
affordable housing units based on sales data for a single year (May 2009 - May 2010). It is
unknown how many of thcse units are actually available and how many of these units may be
presently occupied by persons mceting the qualifying income levels. Further, these data do not
provide the actual demand (need) for affordable housing units within the County.
Based upon a recent compilation of existing restricted units prepared for the Evaluation and
Appraisal Report (EAR) using best available data, the County currently has an inventory of
7,649 (plus 3,864 units approved but not yet built) restricted affordable housing units. This
inventory will fluctuate over time as additional units are approved and constructed within the
affordable housing categories, and as afj{)rdable units reach the end of the time period for which
they are required to remain at an affordable price range. Objective I of the Housing Elemcnt
presently states, "The number of new affordable-worktorce housing units shall increase by at
least fifteen percent of the units approved to be built in the County per year, but not less than
1,000 units per year averaged over a five-year period in an ctfort to continue meeting the current
and future housing needs oflegal residents with very-low, low and moderate incomes, including
households with special needs such as rural and fannworker housing in rural Collier County."
However, the University of Florida's Shimberg Center for Housing Studies indicates a need for
an additional 732 affordable housing units each year beginning in year 2010 to 20]5; 881
affordable housing units each year beginning in ycar 2015 to 2020; 890 affordable housing units
each year beginning in year 2020 to 2025; and, 856 affordable housing units each year beginning
in year 2025 to 2030. As part of the EAR, staff will be recommending the Objective be changed.
This inventory of unrestricted affordable housing units may also be useful in supporting the
recommendation to lower the requirement in this Objective.
FISCAL IMPACT:
The infonnation presented has no fiscal impact, as this is an intonnational item only.
GROWTH MANAGEMENT PLAN (GMPl IMPACT:
The infom1ation presented has no GMP impact, as this is an informational item only.
LEGAL CONSIDERATIONS:
There are no legal considerations, as this is an int{)rmational item only. -STW
RECOMMENDATION:
Reeommendation that the Board of County Commissioners accept the methodology and tindings
in this Executive Summary and associated attachments; and, direct staff to submit these
documents with the Evaluation and Appraisal Report as data and analysis that could potentially
support the County's recommendation to reduce the number of restricted affordable housing
units that are required to be constructed annually.
BCC Directed Affordable Housing Inventory
BCe Hearing Date 12/14/10
Page 2 of3
Agenda Item No. 10D
December 14, 2010
Page 3 of 17
Prepared by: Michele Mosca, A1CP, Principal Planner, Comprehensive Planning Section, Land
Development Services Department, Growth Management Division/Planning and Regulation
Attachments: 1) Staff Analysis 2) Atfordable Housing Map Series
BCC Directed Affordable Housing Inventory
BCe Hearing Date 12/14/10
Page 3 of3
Item Number:
Item Summary:
Meeting Date:
Agenda Item No.1 OD
December 14, 2010
Page 4 of 17
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
10D
Presentation of the 2010 countYWide affordable housing inventory, (Michele Mosca, Principal
Planner, Land Development Services Dept., Growth Management Division)
12/14/20109:0000 AM
Prepared By
Michele R. Mosca. AICP
Community Development &
Environmental Services
Principal Planner, AICP
Date
Zoning & Land Development Review
111221201011 :05:52 AM
Approved By
Judy Puig
Community Development &
Environmental Services
Operations Analyst
Community Development &
Environmental Services
Date
111221201011 :14 AM
Approved By
Norm E. Feder, AICP
Transportation Division
Administrator M Transportation
Date
Transportation Administration
11/22/201011:22 AM
Approved By
Mike Basi, AICP
Community Development &
Environmental Services
Manager - Planning
Date
Comprehensive Planning
11/2212010 11:25AM
Approved By
William D. Lorenz, Jr., P.E.
Community Development &
Environmental Services
Director - CDES Engineering Services
Date
Engineering & Environmental Services
11122/20101:20 PM
Approved By
Steven Williams
County Attorney
Assistant County Attorney
Date
County Attorney
11122/2010 1 :31 PM
Approved By
Nick Casalanguida
Transportation Division
Director - Transportation Planning
Date
TranspOltation Planning
11/22/20102:25 PM
Approved By
OMB Coordinator
County Manager's Office
Date
Office of Management & Budget
11/23120101:01 PM
Approved By
Therese Stanley
Manager - Operations Support - Trans
Date
Agenda Item No, 10D
December 14, 2010
Page 5 of 17
Office of Management &
BudfJet
Office of Management & Budget
11/29/20105:35 PM
Approved By
Jeff Klatzkow
COUtlty Attorney
Date
12/1/20108:39 AM
Approved By
Leo E. OChs, Jr.
County Manager
Date
County Managers Office
County Managers Office
12/5/201012:12 PM
Agenda Item No, 10D
December 14,2010
Page 6 of 17
Staff Analysis - BCC Directed Affordable Housing Project
Steps to create the inventory of "unrestricted" affordable housing units within the County:
· Conduct a GIS query from the Property Appraiser's database of all residential sales from May
2009 through May 2010, by the closing sales price, and based on the State Housing Initiatives
Program (SHIP) 20 I 0 income limits for two and four person households, and assuming that
those househo Ids have no ($0) monthly recurring debt. The affordable mortgage for those
households earning 50% (very low), 80% (low) and 120% (moderate) of the County's median
income of $72,300 is as follows:
a. A 2- person household earning 50% of the median income could afford a mortgage of
$74,952; and, a 4- person household earning 50% of the median income could afford
a mortgage of$103,430.
b. A 2- person household earning 80% of the median income could afford a mortgage of
$143,576; and, a 4- person household earning 80% of the median income could afford
a mortgage of$189,260.
c. A 2- person household earning 120% of the median income could afford a mortgage
of$235,259; and, a 4- person household earning 120% of the median income could
afTord a mortgage of$303,607.
· Conduct a GIS query from the Property Appraiser database of all residential sales from May
2009 through May 2010, by the closing sales price, and based on the SHIP 2010 income limits
for 2 and 4 person households, and assuming that those households have a three hundred
dollar ($300.00) monthly recurring debt. The atTordable mortgage for those households
earning 50% (very low), 80% (low) and 120% (moderate) of the County's median income of
$72,300 is as follows:
a. A 2- person household earning 50% of the median income could afford a mortgage of
$27,489; and, a 4- person household earning 50% of the median income could afford
a mortgage of$55,967.
b. A 2- person household earning 80% of the median income could afford a mortgage of
$96,113; and, a 4- person household earning 80% of the median income could afford
a mortgage of $141 ,496.
c. A 2- person household earning 120% of the median income could afford a mortgage
of$187,796; and, a 4- person household earning 120% of the median income could
afford a mortgage of$256,143.
· Establish a "discount" factor for the specified one-year period by comparing the Sales Price
to the Total Just Values for qualifying properties (affordable housing threshold range of $0-
$303,607), followed by averaging the percentage change (sum of percentage change for all
properties divided by the total number of properties) for those same properties; this yielded a
discount factor of -12.42 percent.
1
Agenda Item No. 100
December 14. 2010
Page 7 of 17
· Apply the established discount factor of -12.42 to the countywide residential inventory to
derive the number of atlordable units at the various affordable mortgage thresholds described
abovc.
The following two tables depict the number of unrestricted housing units categorized as
affordable, organized by Commission District and the area encompassed by the East Naples
Civic Association (ENCA). This data provides the potential supply of affordable housing units.
However, it is unknown how many ofthesc units are actually available; it is unknown how many
of these units may bc presently occupied by persons meeting the qualitying income levels; and,
the data does not identify the demand (need) for atlordable housing units. The need for
affordable housing by geographic arca may he more readily identified using the 2010 Census
data, once it is released.
It should be noted that the dwelling unit figures listed in each row is cumqlative. For example, in
District I, the 4-person household count within the 50% median inconie range includes those
units within the 2-person household count within the 50% median income range, and the 4-
person household count within the 120'% median income rangc includes all units listed in the
table for District ]. Similarly, the data shown on the attached maps also retlect cumulative
figures.
$300 Monthly Recurring Debt
50% of Median Income 80% of Median Income 120% of Median Income
2-Person 4-Person 2-Person 4-Person 2-Person 4-Person
Area Household Household Household Household Household Household
District 1 1,185 2,389 10,422 17,180 21,540 27,768
District 2 503 1,388 3,691 10,572 16,588 21,796
District 3 1,068 2,412 9,307 18,214 24,285 29,645
District 4 691 1,787 4,680 10,479 13,779 16,486
District 5 762 2,570 8,237 14,767 19,202 22,226
Total 4,209 10,546 36,337 71,212 95,394 117,921
ENCA 1,246 2,932 12,523 22,676 27,966 32,463
The uml counts mclude all ownershIp dwellmg umts, except rno bile home and cooperative llm!s.
There are 196,241 dwelling units in the County, inclusive of all unit types and hoth ownership & rental.
Overall, the above table shows District 3 contains the largest inventory of potential affordable
housing units, followed by District], and District 4 contains the least amount.
2
Agenda Item No, 10D
December 14, 2010
Page 8 of 17
The following identifies each respective Commission District's highest range of affordable
housing dwelling units as a percentage of the countywide dwelling unit total (196,241) in Collier
County (includes all dwelling unit types in both ownership and rental units).
District I: The highest (27,768) dwelling unit count represent 14 percent of the countywide
dwelling unit sum.
District 2: The highest (21,796) dwelling unit count represent 11 percent of the countywide
dwelling unit sum.
District 3: The highest (29,645) dwelling unit count represent 15 percent of the countywide
dwelling unit sum.
District 4: The highest (16,486) dwelling unit count represent 8 percent of the countywide
dwelling unit sum.
District 5: The highest (22,226) dwelling unit count represent II percent of the countywide
dwelling unit sum.
$0 Monthly Recurring Debt
50% of Median Income 80% of Median Income 120% of Median Income
2-Person 4-Person 2-Person 4-Person 2-Person 4-Person
Area Household Household Household Household Household Household
District 1 5,513 11,941 17,365 21,679 26,301 30,293
District 2 2,033 4,604 11,003 16,733 20,514 24,455
District 3 5,437 11,225 18,381 24,474 27,619 31,492
District 4 2,681 5,480 10,610 13,905 15,720 17,837
District 5 4,844 9,206 14,961 19,351 21,471 23,067
Total 20,508 42,456 72,320 96,142 111,625 127,144
ENCA 6,655 14,778 22,884 28,177 31,414 33,875
The unit counts include all ownership dwelling umts, except InO blic home and cooperative units.
There are 196,241 dwelling units in the County, inclusive of all unit types and both ownership & rental.
Overall, the above table shows District 3 contains the largest inventory of potential affordable
housing units, followed by District 1, and District 4 contains the least amount.
3
Agenda Item NO.1 OD
December 14, 2010
Page 9 of 17
The following identifies each respective Commission District's highest range of affordable
housing dwelling units as a perccntage of the countywide dwelling unit tolal (196,241) in Collier
County (includes all dwelling unit types in both ownership and rental units).
District 1: The highest (30,293) dwelling unit count reprcsent 15 percent of the countywide
dwelling unit sum.
District 2: The highest (24,455) dwelling unit count represent 13 percent of the countywide
dwelling unit sum.
District 3: The highest (31,492) dwelling unit count represent 16 percent of the countywide
dwelling unit sum.
District 4: The highest (17,837) dwelling unit count represent 9 percent of the countywide
dwelling unit sum.
District 5: The highest (23,067) dwelling unit count represent 12 percent of the countywide
dwelling unit sum.
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