AUDIO: Great Barrington's Affordable Housing Trust takes on the community's largest economic challenge
Dec 28, 2023
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Discussion on the urgent need for affordable housing in Great Barrington due to soaring costs and limited options. Exploring strategies such as down-payment assistance and subsidizing affordable units. Challenges faced by the community and innovative approaches to tackle the housing crisis.
The escalation of housing costs in Great Barrington is driven by short-term rentals and cash buyers, impacting residents' affordability and local businesses' staff retention.
The Great Barrington Affordable Housing Trust focuses on securing funds and investing in solutions like down payment assistance and subsidizing affordable units to address the housing crisis.
Local initiatives like the ADU pilot program aim to stabilize housing options by converting existing structures into affordable units and exploring creative housing solutions.
Deep dives
Challenges in Affordable Housing
Affordable housing in the southern Berkshires faces a multitude of challenges. Issues range from the high cost of land and construction to a lack of available housing, exacerbated by short-term rentals and cash buyers. The resulting housing shortage has forced residents to spend a large portion of their income on housing, impacting businesses' ability to retain staff across all sectors.
Role of Government and Nonprofit Organizations
Various organizations like the Great Barrington Affordable Housing Trust, Construct, and the Community Development Corporation play a vital role in addressing affordable housing issues. The trust focuses on securing funds and investing in housing solutions, from down payment assistance to subsidizing affordable units, supported by financial aid from bodies like the Community Preservation Committee.
Local Initiatives for Affordable Housing
Local initiatives such as the proposed accessory dwelling unit (ADU) pilot program aim to address the shortage of housing by providing grants for homeowners to create affordable units. These efforts focus on stabilizing housing options for residents of Great Barrington and exploring creative solutions like converting existing structures into multiple affordable units.
Key Proposals and Funding Challenges
Key proposals include buying property without an extensive procurement process and utilizing funds to incentivize developers to include affordable units. However, challenges exist in securing necessary budget allocations for substantial housing projects. The conversation also highlights the importance of state and federal funding in addressing housing crises.
Future Vision and Community Engagement
Future vision for the Great Barrington community involves ensuring housing across the income spectrum in every neighborhood. Discussions around inclusionary zoning, deed restrictions, and collaborative regional approaches point towards potential solutions for the housing crisis. Calls for public engagement emphasize the need for advocacy and community involvement in addressing housing challenges.
There’s no discussion of the economic future of the southern Berkshires that doesn’t have the cost and availability of housing at its center.
Trends well underway in the last decade were accelerated by the COVID19 pandemic: The cost of houses to buy or rent has skyrocketed, fueled by an increase in properties acquired by part-time residents and others used exclusively for short-term rentals, a failure to keep up with demand via new construction, cash buyers who snap up properties before local working people can assemble financing, and a zero-percent vacancy rate for rentals.
The result of these and other factors has been an unusually large percentage of full-time residents spending more than a third of their income on housing costs, considered the standard for affordability. That’s pushed them further away, geographically, from jobs and family as they seek housing that’s affordable. It’s meant businesses of all kinds are struggling to attract and keep staff, from the service- and tourism-industry jobs critical to the region, to higher-paid health care workers who simply can’t find a house to buy.
This episode of the podcast is a conversation about the current housing landscape with Bill Cooke and Ananda Timpane, two members of Great Barrington’s Affordable Housing Trust. It’s an appointed municipal board, made up of volunteers, and focused on securing funds and investing in housing solutions, from down-payment assistance, to subsidizing affordable units built by private developers, to advancing proposals for accessory dwelling units that can house more people and help those already living here afford to stay.
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