4/8/08

Lecture:

1. Test review
   
   1. Look at terms at the end of chapters, and essay questions
      
2. Affordable housing
   
   1. 30 percent of its household income
      
3. Housing definitions
   
   1. Low income rental housing - housing that requires subsidies
      
   2. Affordable ownership housing - market rate housing for unsubsidized and subsidized home buyers
      
4. The problem today
   
   1. 2/3 of all poor families live in housing that costs more than they can afford
      
   2. 1 in 6 poor families live in dilapidated units
      
   3. By 1985, poor families were spending 58% of their income for housing
      
   4. Rents for poor families increased 30%
      
5. Since 1973
   
   1. The poorest one-fifth of the population lost 32% of its real income compared to loss of only 1.7% for the wealthiest
      
   2. Poor americans have lost income more quickly than any other group
      
6. Bexar county, Texas
   
   1. 1999 - 228,083 people are considered to be living in poverty
      
   2. The above figure could be as high as 275,785
      
   3. Health and human services classifies a family of 4 living on less than $18,400 as being in poverty
      
   4. HUD - $21,141
      
7. Average housing unit size
   
   1. 1950's levittown house - 750 sf
      
   2. 1963 - 1450 sf
      
   3. 1973 - 1650 sf
      
   4. 1989 - 2000 sf
      
   5. 2007 - 2500 sf
      
   6. Dominion - 3000 - 5000 sf
      
8. Housing trends
   
   1. By 1973, 3/4 of all new houses contained 2 or more bathrooms
      
   2. Each child is given a bedroom
      
   3. Family and recreation rooms added durin ghte 1960's
      
   4. Houses become warehouses for storage
      
9. Cost of housing
   
   1. In 1939 the average house cost was priced at $6000
      
   2. Today the average house costs over $130,000
      
10. Cost of development of a single family house
    
    1. Land 1948 - 11%
       
    2. Land 1984 - 22%
       
    3. Materials - 36% 1948
       
    4. Materials - 31% 1984
       
    5. Labor 33% - 1948
       
    6. Labor 16% - 1984
       
    7. Financing 5% - 1948
       
    8. Financing 11% - 1984
       
    9. Profit/overhead - 15%
       
    10. Profit/overhad - 20% - 1984
        
11. Definition of low income HUD
    
    1. 4 person household with an income less than 50% of the local area median family income is considered very low income, 30% exremely low
       
    2. 50 to 80% of the area median
       
    3. Median income in san antonio - $36,000 - $45,860
       
12. Median family income
    
    1. San antonio - $41,331 (2000)
       
    2. San antonio - $46,484 (2006)
       
    3. Alamo heights - $86,897 (2000)
       
    4. Balcones heights - $27,074 (2000)
       
    5. Terrell hills - $86,636 (2000)
       
    6. Austin - $51,519 (2003)
       
13. Housing inventory absorption
    
    1. Unsustainable high-water marks in production, price and appreciation 2004-2005
       
    2. 875,000 - 2007
       
    3. 621,000 - 2008
       
    4. 214,000 - 2009
       
    5. 108,000 - 2010
       
14. Inflated prices created affordability disconnect - leading home price appreciation markets 2000-2003
    
    1. 40% - california
       
    2. 37.5% - washington d.c.
       
    3. 35% - new jersey
       
    4. 32.5% - florida
       
    5. 22.5% - U.S.
       
15. Ten principles for developing affordable housing
    
    1. Inspire leadership
       
    2. Build community support and trust
       
    3. Learn the alphabet and do the math
       
    4. Know your market and your customers
       
    5. Nurture partnerships
       
    6. Select sites for opportunity and choice
       
    7. Strive for health balanced communities
       
    8. Use design to foster community, safety and pride
       
    9. Empower residents
       
    10. Orchestrate sustainability
        
16. Ravenna cottages
    
    1. High density in-fill
       
    2. 10,500 sf
       
    3. 9 units
       
17. Refugio place
    
    1. Combination mid and low income housing
       
    2. Victoria courts
       
       1. Appearance location and high crime rate, made it a good candidate
          
       2. 2002 texas department of housing and community affairs approves over $7 million in tax credits to finance refugio
          
       3. 2003 HUD
          
       4. Costs
          
          1. Land $1M
             
          2. Hard costs $12.3 M ($65/sf)
             
          3. Soft costs $5.7 M
             
          4. Infrastructure $1.76 M
             
       5. Bedrooms are on the exterior
          
       6. Statistics
          
          1. Average unit size: 892 SF
             
          2. Average rent: $567
             

              
              

Notes: