Fiscal Note
The proposed resolution has no fiscal impact.
Title
SUBSTITUTE - Requesting the Planning Division Director, in conjunction with the Community Development Authority Redevelopment Division Housing Initiatives Specialist and the Zoning Administrator, review and assess the city’s housing development policies using the White House Housing Development Toolkit and identify potential policy modifications.
Body
WHEREAS, Housing vacancy rates in Madison have declined from 4 to 2 percent in the period 2010-2015; and,
WHEREAS, one of five residents spend more than 50% of their income on housing and an additional one of four households spend between 30 and 49% on housing; and,
WHEREAS, median household income is relatively high at $61,000 per year compared to Wisconsin and the US of approximately, $50,000; and,
WHEREAS, the 2015 Madison Housing Market Report estimates that for the foreseeable future, 1,100 new apartments will need to be built each year to meet demand; and,
WHEREAS, In Dane County, Black (75%) households are significantly more likely than White (60%) or Hispanic (62%) to not receive housing assistance, pay more than 50% of their income for rent and live inadequate housing conditions; and,
WHEREAS, low vacancy rates and relatively high area median income exerts upward pressure on the cost of housing and thus, the inability for many to secure housing at a price that does not jeopardize a sufficient standard of living; and,
WHEREAS, on Sept. 26, 2016, the White House issued a report and “toolkit” to spur affordable housing in the nation’s cities, Housing Development Toolkit:
; and,
WHEREAS, the report found that, “Local policies acting as barriers to housing supply include land use restrictions that make developable land much more costly than it is inherently, zoning restrictions, off-street parking requirements, arbitrary or antiquated preservation regulations, residential conversion restrictions, and unnecessaril...
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