HomeMy WebLinkAbout14 Power Point on TTWHA and Budget
May 5, 2021 TTWHA Update & Budget Approval ACTION ITEM #14
•BACKGROUND / HISTORYBACKGROUND / HISTORY TTWHA Update & Budget ApprovalTTWHA Update & Budget Approval the TTWHA along with similar actions by our partnersOn October 3, 2019, the Board
took action to authorize the formation of •Joint Powers Authority (JPA) for housing•Housing Agency (TTWHA)Truckee Tahoe Airport District decided to form Truckee Tahoe Workforce District,
Tahoe Forest Hospital District, Tahoe Unified School District and •with local agencies to seek innovative solutionsStarting in 2018, District began exploring opportunities to collaborate
•2019)-District participated in the Mountain Housing Council (2017•term housing for emergency response-There is also a need for short•Recruitment and retention•term issueEmployee access
to achievable local housing is a long
Housing for Our Essential Employees
1 22 Member Contributions-20215.Housing Successes in Year 1 + What’s Next4.25 Housing Work Plan-20213.2020 Housing Survey 2.Housing Market Update1.Year Update + Member Contributions-
Housing Market Update$1,668/roomAverage Rent$6,000Average Listing 23 houses, 83 bedrooms Publicly Advertised–Average Rent$1,150/roomMarch 2021$1,000/roomOctober 2020$800/roomMay 2020
Landing Locals–Average Rent$1,600,0001,220,000$$948,000March 2021October 2020May 2020$1,220,000$834,000$692,000March 2021October 2020May 2020 Market Reports, 2020 + 2021ata pulled from
Dickson Real Estate + John Biebl & Anna McGeeD*72% increase over 2020 Median Sale Price: 96161*2020increase over 67% Average Sale Price: 96161*
Member Agency Employee Survey to find housing during their last / current housing searchFound it difficult 43%43%Somewhat or very dissatisfied with their housing 20%10%Truckee region-Live
outside the Tahoe 27%50%(spend more than 30% of income on housing)Cost burdened 22%11%Rent their homes 38%14%5 yearsPlanning to retire in next 11%20%Considering leaving employment,
in part due to housing 16%12%TTWHA TDPUD
Member Agency Employee Survey 51%ReimbursementMileage/Commute34%CounselingHomebuyer Education/Financial44%Home Repair/Renovation47%Housing StipendMonthly48% payment Assistance-Down500
employeesrestricted Housing-Deed400 employeesRentalsleased-EmployerEmployee InterestProgram: )Programs of Greatest Interest (TTWHA
2021 ease the burden of housing costsrelated programs to -housing-Explore non•Expand Housing Programs and Services•Lease and Build Workforce Housing•Work Plan Focus Areas 2025 Housing
Work Plan-
2021 the employee housing needs survey was conducted in July 2020. *Employee # Served number is based on the total employee count at the time 33320%TOTAL16710%2025835%2024422.5%223251.5%2022171%2021S
erved*# Employees%Year Work Plan Targets 2025 Housing Work Plan-
2021 housing related programs to ease burden of employee housing costs)-non(Homeowners Insurance Access, Partnerships on Childcare and/or Transportation: Member Agency Collaborative
Efforts •(Pathway to Ownership, Housing Rebates, etc)Housing Education •Housing Match Program•Employee Concierge Program•Master Leasing Program •Development of Workforce Housing•Housing
Work Plan Activities 2025 Housing Work Plan-
TTWHA 1 Regional Partnerships + Developer Cultivation •Housing Work Plan Developed•Match Program Housing •Employee Concierge Services •Employee Housing Needs Assessment•Agency Founding
+ Startup Activities•year Report-
TTWHA 1**Totals do not include Hopkins Village Interest List 428472‘21April–July ‘20 **TOTALS 22315Interest ListHopkins Village 32Qualified BuyersHopkins Village 1Housing Purchase27MatchHousing323382
TTADTTUSDTFHDTDPUDProgram year Report-
What’s Next ExpansionAgency Member •owned land-Pursuing development on publicly•Workforce Housing •Existing Homeowners•Pathway to Ownership•Employee Education Programs•Leasing ProgramMaster
•
2021 28$5,634Tahoe Airport DistrictTruckee560$112,676Tahoe Truckee Unified School District1327$267,002Tahoe Forest Hospital District 73$14,688Utility DistrictTruckee Donner PublicEmployee
CountContributionAgency 22 Member Contributions-
•NEW INFORMATIONNEW INFORMATION TTWHA Update & Budget ApprovalTTWHA Update & Budget Approval Continue discussion with potential new agency members•Continue to develop programs and services•19,
2021Consider approval of TTWHA July 1, 2021 to June 30, 2022 budget May •Next Steps
•FISCAL IMPACTFISCAL IMPACT TTWHA Update & Budget ApprovalTTWHA Update & Budget Approval District budget for Board considerationProjected FY22 and FY23 expenses will be included in the
next •Fund for the initial expensesSufficient funds exist in the District’s FY21 Electric and Water General •2022 budget is $14,688The District’s allocated portion of the TTWHA July
1, 2021 to June 30,
a)RECOMMENDATIONRECOMMENDATION TTWHA Update & Budget ApprovalTTWHA Update & Budget Approval Year2022 Fiscal -Approve the District’s contribution of $14,688 for 2021b)TTWHA July 1, 2021
to June 30, 2022 budgetTahoe Workforce Housing Agency (TTWHA) Board to approve the Authorize the District’s representative or alternate to the Truckee