CITY OF RENTON

AGENDA Committee of the Whole Meeting

6:00 PM - Monday, February 1, 2021

Videoconference 1. Housing Action Plan Update a) Housing Action Plan

Currently, due to the spread of COVID-19, all regularly-scheduled committee meetings will be held as necessary via video-conference. City hall is closed to the public.

If you would like to attend this week's meeting remotely, you can do so by going to https://us02web.zoom.us/j/84106149222?pwd=aDR3UUN5L3dyQ3dTVTJFdmRsSm12QT09

Zoom Meeting ID: 841 0614 9222 Passcode: 327469

You can call through Zoom at 253.215.8782 and use the Meeting ID 841 0614 9222

City of Renton Housing Action Plan 2020Hannah BahnmillerHousing Programs Manager

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A ITEM #1. a)

Overview

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A ITEM #1. a)

Structure

STEP 1 Needs Assessment

STEP 2 Policy Review

STEP 3 Policy Tools

STEP 4 Recommendations

Subregional Framework (Auburn, Burien, Federal Way, Kent, Renton, and Tukwila)

Renton Housing Action Plan

HB 1923 Grant

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A ITEM #1. a)

SoKiHo Goals:

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Subregional Framework

Housing Market &

Household Demographics

Policy Impacts in the

Sub-Region

Consistent & Unified

Messaging

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HAP Goals:

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Housing Action Plan

Build on Past Work

Identify Near Term Strategies

Support Housing

Element Update

Adopt Unified Implementation

Plan

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Timeline

APRIL2020

AUGUST2020

OCTOBER2020

JANUARY2021

APRIL2021

Needs Assessment

HousingPolicy Review

Housing Policy & Tool Options

Recommendations

Renton’s Housing

Action Plan

Sub-Regional Framework

Grounding Discussions Community Conversations Online FeedbackCommunity Input

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A ITEM #1. a)

Engagement

APRIL2020

AUGUST2020

Community Input

OCTOBER2020

JANUARY2021

APRIL2021

Grounding Interviews

Community Conversations

Project Website

Renton’s Housing

Action Plan

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A ITEM #1. a)

Advisory Committee

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A ITEM #1. a)

South King Households

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A ITEM #1. a)

Context

24%

17%

22%

9%

28%

18%

16%

23%

12%

31%

0%

5%

10%

15%

20%

25%

30%

35%

0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI 100%+ AMI

Income Distribution in Sub-Region by AMI

2012 Households 2018 Households

PUMS, 2012 & 2018 (ECONorthwest)12

Displacement has already occurred at the lowest income levels, with uneven impacts

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A ITEM #1. a)

Context

18%

27%

32%

32%

39%

46%

20%

17%

33%

26%

21%

22%

62%

57%

36%

41%

41%

32%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Asian

White

Hispanic

Pac. Islander

Black

American Indian

Sub-Region Household Income as AMI by Race & Ethnicity

Under 50% AMI 50-80% AMI Over 80% AMI

PUMS, 2018 (ECONorthwest)13

Displacement has already occurred at the lowest income levels, with uneven impacts

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A ITEM #1. a)

South King Need

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A ITEM #1. a)

Underproduction + Future Need

Need

215,126 19,723 43,367

OFM 2019, PSRC 2017 (ECONorthwest)

Current Units

Current Underproduction

Future Need

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Housing production is not keeping pace with household growth in South King County

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A ITEM #1. a)

Annual Production

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3,1552,149

CURRENTNew housing units built in SKC

on average every year since 2011

FUTURE NEEDAverage number of new units

needed in SKC per year through 2040

Context

OFM 2019, PSRC 2017 (ECONorthwest)16

Almost a 50% increase in average production is needed to meet 2040 housing need targets

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A ITEM #1. a)

521

172

339

211

300

463

301

105

202

77

307

438

0 100 200 300 400 500 600

Auburn

Burien

FederalWay

Tukwila

Kent

RentonAnnual needed production

Average annual new housing

Increase in yearly housing

production to meet 2040 targets

+6%

0%

+174%

+68%

+64%

+73%

Context Housing production is not keeping pace with household growth in South King County

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A ITEM #1. a)

Renton Households

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A ITEM #1. a)

Household Income in Renton

Lowest Highest

Area Median

Income

(2019)50% of Households 50% of Households

Area = King County

$108,600

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80% - 100% AMIModerate Income

50% - 80% AMILow Income

30% - 50% AMIVery Low Income

30% or less of AMIExtremely Low Income

1 person

2 person

3 person

4 person

up to $23,250 $38,750 $62,000 $77,500

$26,580 $44,300 $70,880 $88,600

$29,910 $49,850 $79,760 $99,700

$33,210 $55,350 $88,560 $110,700

Engineer$104,290

Dental Hygienist

$92,860

Architect$79,030

100% AMI (2019)

$108,600

EMT$75,490

Middle School Teacher$66,490

Drywall Installer$62,080

Admin Assistant

$45,910

Bartender$39,440

Restaurant Cook$33,760

Personal Care Aide

$29,610

Food Prep$25,640

HUD 201920

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A ITEM #1. a)

= 250 households

>100% AMI

of Renton households44%

80–100%

11%15%50–80%

14%30–50%

16%0–30%

Household IncomesA

GEN

DA ITEM

#1. a)

… and about 46% of Renton’s households

rent their homes.

About 54% of Renton’s households own their homes...

>100% AMI80–100%50–80%30–50%0–30%

= 250 households

of Renton households44%11%15%14%16%

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A ITEM #1. a)

About 37% of all Renton’s households are experiencing a housing cost burden.

have high housing costs

(housing >30% income)>100% AMI80–100%50–80%30–50%0–30%

= 250 households

Ow

ners

Ren

ters

7%32%48%68%84%

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A ITEM #1. a)

About 16% of all Renton’s households are experiencing a severe housing cost burden.

= 250 households

>100% AMI80–100%50–80%30–50%0–30%

Ow

ners

Ren

ters

have severe housing costs

(housing >50% income)0%5%7%24%66%

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A ITEM #1. a)

Context

HUD CHAS, 2012-2016 estimates (BERK)

Cost Burdened Households by Race in Renton

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There are diverse needs for housing-related support in Renton

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Context

HUD CHAS, 2012-2016 estimates (BERK)

Renton Households by Race and Tenure

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There are diverse needs for housing-related support in Renton

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A ITEM #1. a)

Renton Housing Needs

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Housing Needs Statements 1

By 2040, Renton will need another 9,300 housing units.

Low- and moderate-income households in Renton are facing increased cost burden in the market.

Existing supplies of developable land in Renton can support local housing needs.

Renton needs additional supplies of subsidized, income-qualified housing.

There are diverse needs for housing-related support in Renton.

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1

2

3

4

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A ITEM #1. a)

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Significant government

support essential Significant

government support needed

for most housing types and markets

Subsidy or incentives

needed in many markets

Permissive zoning or

zoning flexibility

needed in some markets

>125% AMI80-125% AMI50-80% AMI30-50% AMI<30% AMI

Le

ve

l o

f S

up

po

rt

Greater government intervention

is required at lower AMI

levels

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A ITEM #1. a)

Affordability Level by Housing Type

AMI Studio 1-bed 2-bed

30% $542 $582 $698

50% $904 $970 $1,164

80% $1,448 $1,552 $1,862

100% $1,810 $1,938 $2,326

Context

HUD, 201830

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Context

758

4,885

13,140

4,878

1,620

4,885

6,200

7,763

4,370

6,513

0

5,000

10,000

15,000

20,000

0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI 100%+ AMI

Existing Units Affordable by Income and Tenure in Renton

Renter Owner

PUMS, 2018 (ECONorthwest)32

By 2040, Renton will need another 9,300 housing units

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A ITEM #1. a)

219

1,472

9,860

1,588

0

2000

4000

6000

8000

10000

12000

0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI

Naturally Occurring Affordable Housing in Renton

1-bedroom 2-bedroom 3-bedroom 4-bedroom 5-bedroom

Context

PUMS, 2018 (ECONorthwest)33

Renton needs additional supplies of subsidized, income-qualified housing

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A ITEM #1. a)

Context

WSHFC, HUD, KCHA, and RHA (ECONorthwest)

13318

243

1186

Income Restricted Units by Income Limit in Renton

LIH 30%

LIH 35%

LIH 40%

LIH 50%

LIH 60%

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Renton needs additional supplies of subsidized, income-qualified housing

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A ITEM #1. a)

Need

OFM 2019, PSRC 2017 (ECONorthwest)35

The majority of future units will need to be targeted to below median incomes

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Need

PUMS, 2018 (ECONorthwest)36

The majority of future units will need to be targeted to below median incomes

758

4,885

13,140

4,8784,885

6,200

7,763

4,370894

1,079

1,852

1,339

0

5000

10000

15000

20000

25000

0-30% AMI 30-50% AMI 50-80% AMI 80-100 % AMI

Existing and New Units Affordable by Income in Renton

Renter Owner New Units

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A ITEM #1. a)

Next Steps

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A ITEM #1. a)

Timeline

APRIL2020

AUGUST2020

OCTOBER2020

JANUARY2021

APRIL2021

Needs Assessment

HousingPolicy Review

Housing Policy & Tool Options

Recommendations

Renton’s Housing

Action Plan

Sub-Regional Framework

Grounding Discussions Community Conversations Online FeedbackCommunity Input

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CONTACT

Hannah Bahnmiller Housing Programs Manager City of Renton

Questions?

hbahnmiller@rentonwa.gov

206-503-3426

rentonwa.gov/hap

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