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YIMBY of Northern Nevada: Difference between revisions
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*Our goal is to keep housing costs for owners and renters at or below 30% of gross income and combined housing and transportation costs below 45%. Households with costs above these two thresholds are considered burdened. <br />
* For the
* As solutions to our housing crisis roll out, the
* For 2018, the U.S. Department of Housing and Urban Development (HUD) has set 100% of Average Median Income (AMI) in Washoe County for a four-person household at $73,500. <br />
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* It is important to understand public subsidies such as the Low-Income Housing Tax Credit (LIHTC) are only available to households with less than 60% of AMI ($44,100). <br />
* Public
* HUD’s Extremely Low-Income Limit for Washoe County is 34% of AMI ($25,100 for a 4-person household and $15,450 for a 1-person household). A single earner living alone needs to work less than 36 hours per week at the $8.25 minimum wage without benefits to qualify.<br />
* Among YIMBY’s goals is to overcome the widespread confusion arising from many believing financially attainable quality housing only refers to subsidized housing. <br />
* '''There is a shortage of financially attainable quality housing for
*
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* We are working with the Truckee Meadows Regional Planning Agency (TMRPA) and real estate experts to determine the best parcels for building the first 1,000 housing units within TMRPA’s Scenario 4: Infill. Their four scenarios illustrate where 43,000 additional housing units could be built over the next twenty years to accommodate a growth in population of 100,000.<br />
* The TMRPA’s Scenario 4 Infill:<br />
* We will recruit developers for these projects locally and out-of-state by creating and presenting packages of specific opportunities. Many experts and stakeholders will be deployed to detail ways to overcome barriers to rapidly break ground. <br/>
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