Heartland 2050: Affordable Housing

Earl Redrick, DirectorHUD Omaha Field Office

*Defining Affordable Housing*Old v. New

*Same Challenges; New Concepts*Players and Demands

*Regional Effort with an Holistic Approach

Up By Your Bootstraps*Work hard, earn your way & continuously learn*Be a good, productive citizen in society*Give back to your community*Invest and make sound money and business decisions*Build wealth to pass on to future generations*Safe, Secure, Affordable Quality Housing

*Old: Housing units that are affordable by that section of society whose income is below the median household income-no more than 30% of income.*New: No single definition. What is considered "affordable" by family earning $$ a year will likely be out of reach for another family earning $$ a year. Incomes and housing costs vary by location (housingpolicy.org).

*Retiring Baby Boomers*Empty Nesters*Millennials *New Entrant Investors*Changing local, state and federal policies

*Safe and secure*Maximize use of current infrastructure *Energy efficient and sustainable*Quality at an “affordable” price*Close to Transit*Integrated into surrounding community

*Ease of Access for Alternative Commuting (walking, biking, busing) *Accessible Design for use by All *Density ok, but NOT clustered or concentrated*Various types across various locations*Practices and local policies that are strategic and intentional

*First Comprehensive Regional Plan-H2050 *Enhanced coordination among municipal planning departments*Transient Orient Development*Focused investment in previously under- invested areas (Deer Park, Prospect Village, 75 North, West Broadway)

*Promise Zone Application*Community/neighborhood engagement*Investment by local philanthropic organizations*Active engagement with local PHAs*Doing the same or nothing is not an option