Policy Area: Affordable housing for low-income earners in Las Vegas
Why affordable housing is necessary?
More data? Healthcare, crime, safety, education outcomes
Stakeholders: involvement in funding structure
Funds that NV has received: Northern NV vs. Southern NV
States: Washington & Utah (examples may be useful)
Status quo: What is the current rate of affordable housing for low income people?
Homes? Apts? Public housing?
Who’s behind this? Legislation?
51-80% of area median income ; spectrum: just below median income;
Low income: Just below area median income; not more than 30%
Affordable housing upper lower class/lower middle
Why is it this way? Why does Las Vegas have such a low # of housing for this group of people?
HUD $$ Funds: Tax incentive? What we’ve received over 5 years
What is the trend of funds over time & who uses it to build what?
Mapping housing funding--Who are the key players?
What’s the problem? What’s causing it?
80% here’s how it is & why it is this way
Area of expertise: What’s the problem & what’s causing it?
Not yet focusing on alternatives/no best practices
Vincent Autiero PPY 731/781
Policy Area: Accessible affordable housing for middle class families in Los Angeles
Data: State Legislation that’s been passed to alleviate problem
Local level: Zoning modification changes last 10 years
LA Housing Authority (primarily lower income)
Middle class income earners don’t have something like the LA Housing Authority
Key stakeholders are developers
LA Area: private enterprise, permits, master planning, shopping centers
Developers & the process; financing component; opponents
Dual Role: not too much housing inventory—because it wi’ll drive the prices down
Houses: prices of luxury $$$
Luxury market is so large--no real shortage, because there’s a market out there. It’s out of range for middle class; investors are often buying. There is a strong shortage in middle class housing
Research/Investigating the Following Information:
See how successful: accessory dwelling units (ADUs); turning apartments into houses
Add more units
Economy—more high tech jobs in the city; high tech & labor force
Demand for super expensive? What is the disincentive?
Land scarcity is the issue
ADU: 3 years—by the State Legislature—Accessory Dwelling Unit (tied to land)
Technology based jobs—How do high paying job demographics impact housing prices?