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HomeMy WebLinkAboutCouncil Presentation 8/10/2021 Housing AssessmentCommunity Housing Discussion Town Council Study Session Jason Angell, Development Services Director 8/10/21 Overview •Marana Housing Profile •Design Standards •Community Assessment 2 Existing Residential Units •Housing stock is new –72% built in 2000 and later •Approx. 20,000 single-family units •Production home-builder communities with similar lot sizes •Single-family dominance -90% •Multi-family development limited to traditional apartments •2,018 units 3 Household Profile •American Community Survey (ACS) 2015 -2019 (latest available) •Owner-occupied -79.4% •Median value -$252,100 •Median mortgage -$1,535 •Median rent -$1,212 •2.7 person per household •Median sale price (6/21) -$380,000 4 Side-by-Side Duplex Affordability •Cost burdened households (>30% of income) ACS Survey -2019 •Renters –31.8% •Owners (with mortgage) –21.2% •Owners (no mortgage) –10.6% •Burden Increases with age •25 to 34 –12.5% •35 to 64 –15.4% •65 and over –24.1% 5 Courtyard Apartments Design Standards •2040 General Plan Goal BE-30 -diversity in residential design •Current design standards adopted in 2006 •Changing design trends •Standards can produce “sameness” or cookie-cutter result •Lack applicability to differing housing options 6 Cottage Court Community Assessment •2040 General Plan Goal BE-27 - emphasizes need for diversity of housing stock •Consumer preferences vs market availability •Changing needs for life stages – millennials through aging in place •Missing middle concept -mixture of unit types 7 Roosevelt Row Stacked Fourplex Community Assessment Report •Existing Marana home market assessment •Lack of diversity •Low inventory/high occupancy •Leakage report •Competitive housing market areas and characteristics •Buyer preferences vs Town offerings •Rental community trend •Alternative types of housing vs regulation •Findings and recommendation of future needs 8 Townhouses 9 Next Steps