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Danvers Housing Production Plan

Danvers Housing Production Plan

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Published by Salem News
The newly approved Housing Production Plan for the town of Danvers, Massachusetts.
The newly approved Housing Production Plan for the town of Danvers, Massachusetts.

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Categories:Types, Presentations
Published by: Salem News on Aug 14, 2014
Copyright:Traditional Copyright: All rights reserved

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08/25/2014

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LDS Consulting Group, LLC
As of July 11, 2014June 26, 2014 
TOWN OF DANVERS Affordable Housing Production Plan
Prepared By:
LDS Consulting Group, LLC 233 Needham Street Newton, MA 02464 617-454-1144
 
 
 
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LDS Consulting Group, LLC
Table of Contents Glossary
 of Terms ............................................................................................................................................... 4 Section 1: Executive Summary ......................................................................................................................... 7 Danvers Affordable Housing Trust ............................................................................................................. 7 Methodology..................................................................................................................................................... 7 Definitions ......................................................................................................................................................... 8 Acknowledgements......................................................................................................................................... 9 Section 2: Summary of Key Findings ............................................................................................................ 10 Community and Demographics ................................................................................................................. 10 Housing ........................................................................................................................................................... 11 Subsidized Housing Inventory and Affordable Housing Supply ...................................................... 11 Affordability Gap .......................................................................................................................................... 13 Stakeholder Interviews ................................................................................................................................. 13 Zoning .............................................................................................................................................................. 14 Constraints ...................................................................................................................................................... 14 Demand for Housing .................................................................................................................................... 15 Section 3: Demographic Analysis .................................................................................................................. 18 Community Description............................................................................................................................... 18 Transportation ................................................................................................................................................ 20 Health Care ..................................................................................................................................................... 20 Senior Services ................................................................................................................................................ 20 Veterans Services ........................................................................................................................................... 21 Methodology................................................................................................................................................... 22 Population ....................................................................................................................................................... 22 Age Distribution ............................................................................................................................................ 24 Race ................................................................................................................................................................... 26 Households ..................................................................................................................................................... 26 Household Type and Size ............................................................................................................................ 27 Household Size .............................................................................................................................................. 28 Family Growth ............................................................................................................................................... 28 Household Income ........................................................................................................................................ 29 Rent Burdened ................................................................................................................................................ 30 Housing Cost Burden ................................................................................................................................... 31 Poverty ............................................................................................................................................................. 32 Education ......................................................................................................................................................... 33 Employment ................................................................................................................................................... 34 Commute to Work ......................................................................................................................................... 35 Unemployment .............................................................................................................................................. 36 Section 4: Housing Characteristics ................................................................................................................ 39 Housing Units ................................................................................................................................................ 39 Age and Condition ........................................................................................................................................ 39 Housing Type ................................................................................................................................................. 40 Housing Tenure ............................................................................................................................................. 40
 
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Building Permit History ............................................................................................................................... 41 Vacancy ............................................................................................................................................................ 42 Assessed Valuation ....................................................................................................................................... 43 Tax Rate and Tax Bills .................................................................................................................................. 44 Municipal Services/Cost ............................................................................................................................... 46 Section 5: Affordable Housing Inventory .................................................................................................... 48 Affordable Housing Defined....................................................................................................................... 48 Chapter 40B ..................................................................................................................................................... 49 Subsidized Housing Inventory ................................................................................................................... 49 Affordable Rental Housing ......................................................................................................................... 50 State Public Housing ..................................................................................................................................... 51 Federal Public Housing ................................................................................................................................ 52 Public Housing in Danvers .......................................................................................................................... 52 Existing Private Affordable Rental Housing ........................................................................................... 53 Planned Affordable Rental Housing ......................................................................................................... 57 Market-Rate Rental Housing ....................................................................................................................... 59 Affordable Homeownership ....................................................................................................................... 60 Planned Affordable Ownership Housing ................................................................................................ 60 Market-Rate Ownership Housing Pricing and Sales Analysis ............................................................ 62 Multiple Listing Service ............................................................................................................................... 64 Foreclosure Data ............................................................................................................................................ 67 Section 6: Stakeholder Interviews ................................................................................................................. 70 Section 7: Demand Analysis ........................................................................................................................... 73 Affordability Gap .......................................................................................................................................... 73 Homeownership ........................................................................................................................................ 73 Rental ........................................................................................................................................................... 75 Section 8: Zoning Review ................................................................................................................................ 80 Section 9: Funding Mechanisms For Affordable Housing ....................................................................... 84 HOME Funds ............................................................................................................................................. 84 Section 10: Constraints on Future Development........................................................................................ 86 Section 11: Affordable Housing Goals ......................................................................................................... 88 Housing Unit Growth Analysis .................................................................................................................. 88 Danvers Housing Production Program .................................................................................................... 89 Section 12: Implementation Strategies ......................................................................................................... 91 Educational Strategies .................................................................................................................................. 91 Zoning and Planning Strategies ................................................................................................................. 93 Housing Inventory Preservation Strategies ............................................................................................. 95 Housing Production Strategies ................................................................................................................... 95 Short Term Action Plan ................................................................................................................................ 99 Appendix A: Subsidized Housing Inventory ........................................................................................... 102 Appendix B- Danvers Subsidized Housing Units Map........................................................................... 103 Appendix C- Map Showing EFLA Units .................................................................................................... 104 References .......................................................................................................................................................... 105

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