Lincoln County Commission Chair Bill Hall November 4, 2016 · Vacation rentals/second homes Lincoln...

Lincoln County Commission ChairBill Hall

November 4, 2016

Record low rental vacancy rates

Home ownership is out of reach for many professionals

Businesses report steadily increasing problems with employee recruitment and retention

Dramatic rise in homelessness

Lack of community diversity

Public works and first responders not able to live in communities they serve

Common issues statewide—

1. Permit/SDC fees

2. Speed of local jurisdiction approvals

3. Price/availability of land

4. Cost of construction

5. Availability of financing

Gap between wages and housing prices greater than in the Valley

Geography

Lack of volume discourages larger builders

Rural financing more of a challenge

Demand for higher-end homes drives development

Vacation rentals/second homes

Lincoln City: 40 percent of stock primarily owner-occupied

Manzanita: 25 percent

Economy vs. Livability

Current battle for control of council in Lincoln City

Housing Need Studies

Workshops and public forums

Lincoln Community Land Trust Founded 2007

First projects funded with Neighborhood Stablization $$$

Resale formula and limitations on buyer eligibility ensure homes remain affordable through succeeding ownerships

SDC waivers, reductions, extended payouts

Fast-track applications for affordable projects

Accessory Dwelling units

Parking and setback requirements

Land Banking