Policy-Insights-2016-Benner.pdf [PDF]

... So Expensive? Beyond Balance to Jobs Housing Fit. Chris Benner, University of California Santa Cruz & UC Davis w

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Idea Transcript


1

Why Is Housing So Expensive? Beyond Balance to Jobs Housing Fit Chris Benner, University of California Santa Cruz & UC Davis with Alex Karner, Arizona State University

From jobs-housing balance to fit 2

• First systematic studies of balance in the late 1980s • Cost and Transportation Concerns • Appropriate “fit” between jobs and housing often discussed but rarely studied until recently • Low-Income jobs/housing fit especially important • Important for VMT, GHG, as well as affordability and social equity

Comparing J-H Balance and Fit

4

• Red = Severe  shortage of  affordable rental  units • Blue = Excess of  affordable rental  units in relation  to available low‐ wage jobs

5

Bay Area VMT 7

Mean VMT attracted by JH fit category JH fit category

0 – 2.2

2.2 – 4

>4

VMT attracted

7.10

7.61

10.4

Model results JH fit category

Coefficient

p-value

2.2 – 4

0.51

0.005

>4

3.31

< 0.001

N = 1592, R2 = 0.24

Bay Area VMT 8

Regional Prosperity Plan Related Research 9

• How does growth in high-wage jobs in one jurisdiction affect low-wage job growth and affordable housing demand in multiple jurisdictions?

Ratio of High-Wage to Low-Wage Jobs Differs

More Total Housing

≠ More Affordable Housing

More Rentals ≠ More Affordable Rentals

SF Affordable Rentals Not Keeping Up With Low Wage Jobs

New workers, especially low wage, are traveling farther

Key Points 16

• Very poor low-wage jobs-housing fit through much of the region and state • Aggregate housing production hides disparities in affordability levels • Particularly worrying preliminary evidence of long commute distance for new low-wage workers • Where affordable housing is built is critically important • Need for construction of targeted, permanently affordable units

Dolbeare, Cushing (2004) Changing Priorities: The Federal Budget and Housing Assistance, 1976-2005 (Washington DC: National Low-Income Housing Coalition)

Dolbeare, Cushing (2004) Changing Priorities: The Federal Budget and Housing Assistance, 1976-2005 (Washington DC: National Low-Income Housing Coalition)

Dolbeare, Cushing (2001) Changing Priorities: The Federal Budget and Housing Assistance, 1976-2002 (Washington DC: National Low-Income Housing Coalition)

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