2018 Housing Study & Needs Assessment:
Lamoille County & Hardwick
Do you understand affordable housing in your community? What signs indicate need? What factors determine project development? Affordable housing is a nuanced issue that requires consideration of many aspects to give scope to it.
In 2018, LHP, the Lamoille County Planning Commission and Stowe Land Trust partnered with Doug Kennedy Advisors to survey our service area to produce a report that illustrates the overall need in Lamoille County & Hardwick, assessing the aspects below:
The economy - major regional trends
Characteristics of supply - housing stock
Financial characteristics - housing
Housing - market trends
Demographics - household characteristics & demand
Perspectives on supply & demand - key study area towns and employers
Analysis - demand & supply
Finds & recommendations
Housing Needs Summit | Recap
On January 29th, Lamoille Housing Partnership (LHP,) Lamoille County Planning Commission (LCPC,) and Stowe Land Trust (SLT) hosted the Housing Needs Summit that featured a data report of the Lamoille Valley’s housing landscape, and a panelist discussion that identified opportunities and challenges to address the region’s housing needs.
Lamoille County & Hardwick: Housing Data
A comprehensive data presentation by Doug Kennedy Advisors showed that the study area, Lamoille County and Hardwick, have a shortage of housing. Kennedy authored the “Lamoille Housing Study & Needs Assessment” report published for LHP, LCPC and SLT in 2018.
Several key variables that were pinpointed illustrate the study area’s housing crunch:
Incomes and wages
The nuances of the data give scope to some deeper factors that influence and affect the study area’s housing landscape, such as the discrepancy between housing need and availability, the area’s ratio of housing stock and type as it relates to demographics and incomes, income inequality between communities, area demographics that reflect the housing stock needed, as well as projections for the future based on current study data. Significant additional factors include the study area’s population growth, demand for market-rate rentals that show profitability-potential in new development, and increasing demand for senior housing across all income brackets.
Panel Discussion: Housing Opportunities & Challenges
A robust panelist discussion followed Kennedy’s data presentation, comprised of nine professionals within business, education, healthcare, real estate, development, human service and affordable housing development sectors, as well as representatives from municipalities and State government.
Ceili Quigley, MSW | Community Health Team Social Worker, Community Health Services of Lamoille Valley (Stowe Family Practice)
Graham Mink | Green Mountain Management
Heidi Scheuermann | Vermont State Representative, Lamoille -1
Jen Hulse | Director of Student Support Services, Lamoille North Supervisory Union
Mark Frier | Co-owner, The Bench, Tres Amigos, and The Reservoir restaurants
Martin Hahn | Housing Director, Vermont Housing & Conservation Board
McKee Macdonald | 2018 President Lamoille Area Board of Realtors, Coldwell Banker Carlson Real Estate
Tom Jackman | Director of Planning, Town of Stowe
Will Eberle | Field Director, Vermont Agency of Human Services
Top 4 Opportunities
Strong partnerships between public and private entities
Community-based investments in programs to prevent evictions and homelessness
Increased funding of federal and state subsidies to make housing price points affordable
Renter-centric support systems to connect housing insecure residents with resources to achieve housing affordability
Top 4 Challenges Many challenges mentioned were directly connected to windows for opportunity; however, additional housing challenges that were identified…
Exclusionary zoning practices that eliminate housing development for specific populations
Out of sync federal housing and economic policies
Low availability of subsidies and development tax credits
Continuously rising development costs
Watch the Housing Needs Summit
Next Steps: Housing Solutions Summit
In the spring, LHP, LCPC, and SLT will follow up with a Housing Solutions Summit to reconvene attendees and panelists with the goal of working collaboratively to find actionable solutions and opportunities to the challenges of housing development identified at the Housing Needs Summit. Details to follow.
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