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YIMBY of Northern Nevada: Difference between revisions

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YIMBY of Northern Nevada (view source)

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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 7674% of households in Greater Reno with less than $100,000 income, the goal is to bring combined housing and transportation to 45% of income for the majority. <br />
 
* As solutions to our housing crisis roll out, the 2426% of households in Greater Reno with more than $100,000 income will have an opportunity to drive their combined housing and transportation costs well below 45%. This will be especially true for the 6% of our neighbors living in households with more than $200,000 income. <br />
 
* 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 Housinghousing is only available for households below 50% of AMI ($36,750 for a 4-person household and $25,750 for a 1-person household). A full-time single earner living alone needs to make less than $12.38 per hour to qualify. Even below these levels, the waiting list extremely long. <br />
 
* 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 7674% of our neighbors -- from the homeless up to households making $100,000 per year.''' <br />
* Although all of our neighbors can contribute to creating a regenerative culture in Greater Reno by re-balancing their time and financial resources, the better off among us have a special capability to drive the Regenesis transformation. For insight on how we can all create a regenerative culture together, please contact us at ''Regenesis in Reno'' below.</small> <br />
 
 
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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 />
* Emphasizes policies that encourage growth to go to already developed areas<br />
* Maximizes the use of small lots and promotes a mix of uses<br />
* Seeks to identify infrastructure challenges in areas deemed suitable for infill redevelopment and increased density<br />
* Allows changes to existing zoning<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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