City Report Forecasts Housing Shortage Over Next 20 years
Checked rents lately? In the market for a home? What you find in Anchorage neighborhoods delivers some serious sticker shock.
A 2012 United Way report on Anchorage housing cites “a substantial gap between the average housing price and what many people earn.”
According to the report, while the cost of a single family home jumped 55 percent in the last decade, median family incomes lagged at 39 percent. Rents on two-bedroom apartments rose 58 percent.
Cashiers, retail salespersons and fast-food workers were Anchorage’s three largest occupation groups in 2010, averaging an annual salary of $25,000 a year. But the average price of a house in 2011 was $323,768; for a condo – $201,548; and rent on a two-bedroom apartment was $1,241.
The numbers just don’t work.
A new report released in March by the Municipality – relying on analysis from the McDowell Group and ECONorthwest – forecasts a serious shortage of affordable housing in Anchorage over the next 20 years.
Join our housing discussion to hear different perspectives on the problem, and ways of thinking about some solutions.
- Anchorage Housing Market Analysis (PDF), Municipality of Anchorage
- Compact Housing Case Studies (PDF), Municipality of Anchorage
- ‘What Americans are looking for in deciding where to live,” National Association of Realtors report
- Alaska Housing Finance Corporation, ‘working to provide safe, quality affordable housing’
- Cook Inlet Housing Authority, ‘affordable solutions to home ownership’
- Title 21 Rewrite Project, latest updates page
View these links on Newsbank with your Loussac library card:
- While housing prices plummet in Lower 48, Anchorage sails along at a relatively flat pace, Anchorage Daily News, June 3, 2011
- We shouldn’t ignore our quiet housing crisis, Anchorage Daily News, May 17, 2011
- Loussac Place will mix low income with workforce housing, Anchorage Daily News, May 2, 2011
- Karen Iverson, senior planner, Municipality
- Andre Spinelli, builder, Spinell Homes
- Tyler Robinson, development finance manager, Cook Inlet Housing Authority
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HOST: Kathleen McCoy
LIVE BROADCAST: Wednesday, May 23, 2012. 2:00 – 3:00 pm (Alaska time)
REPEAT BROADCAST: Wednesday, May 23, 2012. 7:00 – 8:00 pm (Alaska time)
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