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Home My WebLink About03/24/2004HOUSING AUTHORITY MEETING March 24, 2004 LOBBY CONFERENCE ROOM 7:00 P.M. A. Call Meeting to Order B. Roll Call C. Approval of the Minutes: February 25, 2004 D. Officers Reports E. Public Forum F. UnSnished Business G. New Business 1. Update on Carnation Square Project 2. New Project Proposal - 44tn & Tabor H. Other 1. Adjournment CITY OF WHEAT RIDGE HOUSING AUTHORITY Minutes of Meeting February 25, 2004 A. SWEARING IN Pam Anderson, City Clerk, administered the oath of office to the following Housing Authority members: Cheryl Brungazdt, Kent Davis, Jerry DiTullio, Kathryn Fulton, & Kathy Nuanes B. CALL MEETING TO ORDER The meeting was called to order at 7:00 p.m. by Chair DiTullio. C. ROLL CALL Authority Members Presenh Cheryl Brungazdt Kent Davis Jerry DiTullio Kathryn Fulton Kathy Nuanes Others Present: Alan White, Community Development Director Henry Wehrdt, Project Manager Larry Nelson, Cornerstone Realty Betty Maybin, Comerstone Realty Ann Lazzeri, Recording Secretary D. APPROVAL OF MINUTES It was moved by Kent Davis and seconded by Cheryl Brungard to approve the minutes of January 28, 2003. The motion passed 4-0 with Kathy Nuanes abstaining. E. There were no officers reports. F. PUBLIC FORUM No one was present to address the Authority. G. There was no unfinished business. H. Update on Carnation Square Proiect Larry Nelson reported that two units have been sold. Gazages are now complete and keys will be given to the owners. The mazket is picking up and two sales per month aze anticipated. The units aze priced below mazket. Henry Wehrdt reported that the management fee for this project has been reduced to 5% of actua] contractual costs. There are very few items left on the punch list. There was discussion about including in the costs a fence behind the gazages to provide security and prevent graffiti. No specific conclusion was reached. The homeowner association will take over maintenance of property when 70% of the units are sold. 1. OTHER There was discussion about future projects. As available opportunities arise, the Authority will tour the properties. J. ADJOURNMENT The meeting was adjoumed at 7:50 p.m. Future meetings will be scheduled as needed. Jerry DiTullio, Chair Ann Lazzeri, Secretary 03I19104 Wheat Ridge Housing Authority Balance Sheet As of March 19, 2004 Mar 79,'04 ASSETS Current Assets CheckinglSavings 113 • Vectra Operating Account 283,252 714 • Carnation Construction Dnw 13,198 Total CheckinglSavings 296,450 Other Current Assets 150 • Property Held for Resale 885.920 Total Other Current Assels 885,820 Total Current Assets 1.182,270 Other Assels 271 • Note Receivable -Abel 3,000 273 • Note Receivable - Baca 9,900 Total O[her Assets 12,900 TOTAL ASSETS 1,185,170 LIABILITIES 3 EQUITY Liabilities Current Liabilities Accounts Payable 300 - Accounts Payable 15,000 315 • Cons6uction Retainage 15,166 Tolal Accounts Payable 30,166 Other Current Llabilities 310 • Real Estate Taaes Due 269 320 • Camation Construction Loan 64,075 Total Other Current Liabilities 64,284 Total Cunent LiabilHies 94,450 Lorg Term Liabilkies 360 • Tenant Damage Deposit 350 Total Long Term Liabilities 350 Total Liabilkies . 94•800 Page 1 of 2 03/19/04 Wheat Ridge Housing Authority Balance Sheet As of March 19, 2004 Mar 18,'04 Equity Net Income 466 • Fund Balance Total Equity TOTAL LIABILITIES 8 EQUITY 587 1,099,783 1,100,370 7,186,170 Page 2 of 2 03119104 Wheat Ridge Housing Authority Profit and Loss January 1 through March 19, 2004 Jan 7 - Mar 19,'04 Ordinary Income/Expense Income 630 • Rent 2,250 635 • Interest Income 110 Total Income 2,360 Cost of Goods Sold 564 • CDBG Grant -20,000 565 • Condo Map 1.177 567 • Construction Period Maintenance 5,036 566• COnstmction Management 15,000 670 • Garages 33,928 671 • Nomeowners Association 1,000 573 • RehabilHation -Appliances 10,401 574 • Rehabilitation - CabinMS 9,050 676 • Rehabilitaion - Electrical 71,395 577 • Rehabililation -Floors 11,322 578 • Rehabilitaion - Plumbing 3,242 679 • Rehabilitation - Structural 27,391 681 - Supplies/Materials 2,994 598 • Ending Cost of Units -111,936 Total COGS 0 Gross Profit 2,360 Expense 762•Bank Charges 3 832•Postage 7 843 • Repairs 172 866 • Trosh Removal 72 672 • Utilities 1,519 Total Expense 1,773 Net Ordinary Income 587 Netlncome 687 Page 1 0( t 44th & Tabor Affardabilitylloan Qualification 152500 Cost 152500 Closing Costs 2000 Total P&I Taxes HOA Total Pmt 167500 Cost Closing Costs Total P81 Taxes HOA Total Pmt 154500 794 5.125% 64 100 958 1st Mtg. 145875 2nd Mtg. 7625 Funding PaAners Down Pmt 1000 Total 154500 Monthly Income Rqd. 0 debt 2395 debt = 100 2645 debt = 200 2895 debt = 300 3145 167500 1 st Mtg. 160125 2000 2nd Mtg. 8375 Funding Partners Down Pmt 1000 169500 Total 169500 Monthly 872 5.125% Income Rqd. 0 debt 2604 70 debt = 100 2645 100 debt = 200 2895 debt= 300 3145 1,042 Annual 28734 31734 34734 37734 Annual 31250 31734 34734 37734 44th & Tabor Affordability/loan Qualification 742500 Cost 142500 Closing Costs 2000 Total P&I 743 Taxes 59 HOA 100 Total Pmt 902 157500 Cost Closing Costs Total P&I 820 Taxes 66 HOA 100 Total Pmt 986 144500 5.125% 157500 2000 159500 5.125% 1 st Mtg. 136375 2nd Mtg. 7125 Funding Partners Down Pmt 1000 Total 144500 Monthly Annual Income Rqd. 0 debt 2255 27058 debt = 100 2505 30058 debt = 200 2755 33058 debt= 300 3005 36058 1 st Mtg. 150625 2nd Mtg. 7875 Funding Partners Down Pmt 1000 Total 159500 Monthly Annual Income Rqd. 0 debt 2464 29573 debt = 100 2505 30058 debt= 200 2755 33058 debt = 300 3005 36058 44th & Tabor Proposed Development Parcels: A Fightmaster 11661 W. 44th Ave. 1.515 ac 630000 asking price house & smaller outbuildings B Budd 11671-11681 W. 44th Ave. 647 ac not listed, contact w/owners 600000 est. price 2 apt. bldgs. C Six Oak 4440 Tabor St. 2.091 ac 600000 raw land D Sutton 11691 W. 44th Ave. 319 ac 400000 apt. bldg. E Fabrizio/Jaffe 4410 Tabor St. .328 ac 500000 apt. bldg. stated price not listed owner paid 330k/1999 not listed owner paid 495k/2001 Preliminary Development Budget Altemative 1 11661-11681 W. 44th Ave. Parcels: A& B Approximately 2.217 Units/Acre 16 Total Units 35 Costs Acquisition Construction Costs Development costs Construction Loan Costs Appraisal Phase I Environmental Survey/Condo Map Legal Project Approval Marketing Title Misc. Contingency Total Costs Revenues 28 2BR@ 7 3BR@ Total Revenues 1230000 3652200 $100/sq.ft-2BR's, +300sq.ft @$50/sq.ft - 3 BR's 54783 91305 5000 5000 3000 5000 5000 261240 26604 25000 50000 5414132 152500 4270000 167500 1172500 5442500 Profit 28368 Preliminary Deveiopment Budget Altemative 2 11661-11681 W. 44th Ave. Parcels: A& B& C Approximately 4.253 Units/Acre 15 Total Units 64 Costs Acquisition Construction Costs Development costs Construction Loan Costs Appraisal Phase I Environmental Survey/Condo Map Legal Project Approval Marketing Title Misc. Contingency Total Costs Revenues 54 26R@ 10 36R@ Total Revenues 1830000 6529500 $100/sq.ft-26R's, +300sq.ft @$50/sq.ft - 3 BR's 97943 163238 5000 5000 3000 5000 5000 444960 47846 25000 50000 9211486 142500 7695000 157500 1575000 9270000 Profit 58514 Preliminary Development Budget Altemative 3 11661-11681 W. 44th Ave. Parcels: A& B& C&D & E Approximately 4.9 Units/Acre 20 Total Units 98 Costs Acquisition Construction Costs Development costs Construction Loan Costs Appraisal Phase I Environmental Survey/Condo Map Legal Project Approval Marketing Title Misc. Contingency Total Costs Revenues 82 26R@ 16 36R@ Total Revenues 2730000 10040000 $100/sq.ft-2BR's, +300sq.ft @$501sq.ft - 3 BR's 150600 251000 5000 5000 3000 5000 5000 681840 73500 25000 50000 14024940 142500 11685000 157500 2520000 14205000 Profit 180060 Wheatridge November 2003 Study Highlights Study highlights are based on a combination of 2000 Census infortnation and the results from the household surveys conducied as paA of the 2003 JeHerson County Housing Needs Assessment. Overview Wheatridge has one of the highest concentrations of seniors in JeHerson County (29.6%). The large numbei of senior households is a contributing lador to the following: . 43.3% of renters live alone; • The ownership rate did not move very much irom 1990 to 2000; owners are 54.6% of households and increased about 2.5%. Ownership is af(ected by the high percentage of muftifamily units (46.4%). Among owners, 35% do not have any mortgages. • Unique to Wheat Ridge are a large percentage of owners thaf want to buy a dilrerent home desire to move into a smaller residence. • A large percentage of residents receive their primary source of income from social security (18 perCent) and the median household income ($38,983) is about $10,0001ess than state and about 318,000 less than Jefferson County. . Residents of Wheat Ridge are more fikely to °definitely consider' low-interest rehabilitation loans than residents of other profiled communifies. • The incidence of overcrowding in Wheatridge increased by 138' since the 1990 Census, although overcrowding among owners decreased from the same time period. Other evidence ol housing problems is found in the 31 % of households that pay more than 30% of their gross monthly income for housing. Among renters, 40' eam less than 50' oi the AMI and would be eligible lor housing assistance. In 2000, the Census lound that over half the rents fell in the $500 to $750 range whereas most communities fypically have a wider distribution of rents. This suggesfs that there is limifed variety in rental product. About one-third ol renters earn 80'/ or more of the AMI and would be good candidate /or ownership; however, residents that want to buy showed a sirong preference for purchasing an older home in good condition (74%) over a new home or tixer-upper. Wdh 68'/ of Wheatridge's housing stock having built prior to 1969 and 30' indicating that there homes were in fair fo very poor condition, it is likely that homes available to purchase wiH nof be in good condifion and desirable to first time buyers. Program Recommendations . Efforts directed toward upgrading the exisiing housing stock prior to a sale may expand the potential market of homes io buy for residents or those looking to move to the area. . Condominium conversion may be an option to increase ownership in the area. The Housing CdlaboraUve, Ina McCortnidc ard Assoaates, Inc, Rees Consulting, Inc. and RRC Associates, Inc. • Developing ariached style patio homes or converting existing rentals to ownership may create more opporTunities for senior to buy. In tum, current homes occupied by seniors would become options for first time buyers. . With a high senior population a reverse annuity mortgage program and rehabilitation loan program would be eftedive. . Efforts should also be directed to create more diversity in the rental housing stock. . There appears to be redevelopment opportunities in Wheatridge. Mixed-use developments (housing and non-residential uses), with homes ior sale and rent at a variety of pdce points should be considered. The Housing Cdlaborative, Inc. McCortnidc and Associaies, Inc, Rees Consulting, Inc. and RRC Assodates, Inc. Housing Profilc 2000 Wheat Ridge - Pop. 32,913 UselTenure Housing Units 14931 100% Occupied as primary hwne 14559 97.5% Owners" 7943 54.6% Renters' 6616 45.494. Vacant 372 2.5% Seasonal/recreational use 39 3% • Percerrt d occupied units, nct total units Occupancy vacwn zx fblc O=V*d aaw a~ ;iD a=,pee sew Type of Structure Single-Family 7995 53.4% MuIG-Famiy 7017 46.4% Mobile Homes 30 2°h Units in Structure # a~ 1-unft, detached 7995 53.4% 1-unit, attached 1538 10.3% 2 units 592 4.0°k 3 or 4 units 831 5.6% 5 to 9 units 1032 6.9% 10 to 19 units 955 6.4% 20 or more units 1gb9 13.2% Mobiie home 30 .2% Boat, RV, van, etc. 25 29% Overcrowdinq/Occupants per Room 1.00 or less 14055 96.3% 1.01 to 1.50 238 1.6% 1.51 or more 29$ 2-0% Overcrowded 536 3.6% Type of Heat Utility gas 11717 80.3% Bottled, tank, or LP gas 81 6% EleCtricity 2502 17.1 % Wppd 9 .1% Solar energy 0 0 Other fuel/none 282 1.9% Year Structure Built # °k 1999 to March 2000 113 8% 1995 to 1998 317 2.1 % 1990 t0 1994 441 2.9% 198010 1989 1359 9.1 % 197010 1979 2508 16.8% 1960 to 1969 3382 22.6% 1940 to 1959 5938 39.7% 1939 or earlier 909 6.1% Built since 1990 871 5.8% Year Moved Into Current Residence 1999 to March 2000 3037 20.8°k 1995 to 1998 5688 31.4% 1990 to 1994 2345 16.1 % 1980to 1989 1699 11.6% 1970 to 1979 1166 8.0% 1969 or earlier 1756 12-0% The Housing Cdlaborative, Inc. McCortnidc and Assodates, Inc, Rees Consulting, Inc. and RRC Associales, Inc. ~ - 2000 Census Profile Household Demographics Household Size Total Owners Renters Avg. Persons/Unit 2.20 2.29 2.10 Persons Pei Unit Owners Renters 1-person 2281 28.7% 2866 43.30/6 2-person 3252 40.906 1860 28.10% 3-person 1087 13.7% 877 13.3% 4-person 812 10.2% 627 9.5% 5-person 316 4.00%/o 249 3.8% 6-person 131 1.670 90 1.470 7+ pef50f1 64 41 .170 Total 7943 100% 6616 100% Senior Households Age of Owners Renters Total Householder 65to74years 1,182 469 1,651 75 to 84 years 1,122 575 1,697 85 years and over 309 262 571 Total 2,613 1,306 3,919 °a Of HOUSChOIds 32.9% 19.7% 26.9°/a Households with Children # °h Total Households 14559 100°k With one a more persons <18 3956 27.20/o Mamed-couple family 2409 16.50h Single parent family 1485 10.2% Nonfamily households 62 4% Race/Ethnicit White 13,418 92.2% Black or African Amer. 1 00 Am. IndiaNAlaska Native 101 7°h Asian 163 1.1 % HawaiiaN Pacific Islander 13 .1% Some other race 534 3.7% Two or more races 230 1.6% Hispanic or Latino 1413 9.7% Household Type Owners - Renters Total % Total 7943 661614559 100°h Family households 5246 3066 8311 57.1°k Married-couple 4296 1729 6025 41.4% Male householded no wife 259 368 627 4.3% Female householder/ no husband 690 969 1659 11.4% Nonfamily households 2698 3550 6248 42.90 Male householder 1033 1661 2694 18.5% Living alone 815 1246 2061 142% Not living alone 218 415 633 4.3% Female householder 1665 1889 3554 24.4% Living alone 1466 1620 3086 21.2% Not living alone 199 269 468 3.2% Age Distribution - Age oi Householder Owners Renters Total % 15 to 24 years gg 632 700 4.80% 25 to 34 years 737 1,474 2,211 15.20% 35 to 44 years 1,556 1,496 3,052 21.00% 45 to 54 years 1,760 1.082 2.842 19.50% 55 to 64 years 1,2p9 626 1,835 12.60°h 65 to 74 years 1,182 469 1,651 11.30% 75 to 84 years 1.122 575 1,697 11.70% 85 years and wer 309 262 571 3.9% The Housing Cdlaborative, Inc. McCortnidc and Associates, Inc, Rees Consulting, Inc, and RRC Associates, Ina 2 - 2000 Census Profite Income, Housing Costs and Affordability ?999 Median ncome 194 Income Distnbution - Owners Renter Total Less ihan $5,000 101 315 , 416 2.9°k $5,000 to $9,999 137 611 748 5.1% $10,000 to $14,999 257 605 862 5.9°k $15,000 to $19.999 403 608 1011 6.9% $20,000 to $24,999 430 618 1048 7.2°h $25.000 to $34,999 1209 1272 2481 17.00/o $35,0001) $49.999 1489 1195 2684 18.4% 550.000 to $74.999 1872 1006 2878 19.70% $75,000 to $99,999 922 326 1248 8.6% $100,000- $149,999 829 43 872 6.09/ $150,000 a mae 320 23 343 2.4°k Percent Income SperN on Housin q Owners Renters Total <15% 2647 950 3597 15to19°h 1196 894 2090 20 to 24°~ 921 934 1855 25 to 2~/0 830 843 1673 30 to 34% 447 656 1103 35+% 1114 2058 3172 Not computed 53 269 322 % CoSt Burdened 21.70/o 41.1% 31.0°k # Cost Burdened 1561 2714 4275 Median Housina Pnces/Costs 2000 Value - Owner Occupied $167,800 Mortgage $1,121 Gross Rent $651 CoMract Rent $594 Value olOwner-Occupied Units # Lessthan $50,000 45 6% $50.00010 $99,999 341 4/7% $100,000 to $149,999 2274 31.5% $150,000 to $199,999 2331 32.3% $200,000 to $299,999 1645 22.8°h $300,000 to $499,999 514 7.1% $500,000 ta $999,999 na s^ro $1,000,000 a more 14 2% Mortoace Amount # °k Less ihan $300 10 1 % $300 to $499 129 1.8% $500 to $699 372 5.2°h $700 to $999 1323 18.4% $1,000 to$1,499 1883 26.1% $1,500to81,999 573 7.90/o $2.000 w mae 374 5.2% With a morigage 4664 64.7% Not mortgaged 2544 35.3% Grass Rent Less than $200 131 2.0°/a $200 to $299 93 1.4% $300 lo $499 887 13.4% $500 to $749 3304 50.00A $750to $999 1423 21.5% S1,000 to $1.499 518 7.8% $1,500 or more 52 8% No cash rent 196 3.00/o The Housing Cdlaborative, Inc. McCormidc ard Assodates, Inc, Rees Consulting, inc. and RRC Assodates, Inc. 3 Change - Median Famiry Income, 1999 -2003 1999 2003 °h Change $67,310 $69,900 3.8°k Wheatridge - 2000 Census Profile Trends and Comparisons 1990 2000 % Change Housing Units 3 Households # Housing Units 14130 14931 5.7% # Occupied Housing Units 13138 14559 10.8% Recreational 8 39 387.5% Total Vacant 992 372 -62.5% Homeownership Rate 53.5% 54.6% 2.1% Household Size Renters 2.03 2.10 3.4% Owners 2.34 2.29 -2.1 °h Overcrowded Units 225 536 138.2% Affordability Cost Burdened Households # 3321 4275 28.7% Cost Burdened Households % 27.1 % 31.0% 14.4°h Median Incomes Household Income $28,338 $38,983 37.6% Family Income $35,362 $47,512 34.4% Per Capita Income $15,451 $22,636 46.5% Median Housing Costs Contract Rent • $375 $594 58.4% Value-OwnerOccupied $88,600 $167,800 89.4% Mortgage Pmt. $779 $1,121 43.9% % Increase, 1990 - 2000 Comparison to State of Coloredo State oi Wheatridge. The Housing Collaborative, Inc. McCortnidc and Associates, Inc, Rees Consulting, Inc. and RRC Associates, Inc. 4 lwsrm c«aacaet vae-owa nvl" rm. I ncome, 1990 - 2000 % Cost Burdened 29.3% 31.0% Residential Growth Rate, 22.4% 1990 - 2000 Survey Profile 2003 Wheat Ridge - 14,559 Households Housing Preferences wnuld You Pre%r To: Jefferson Wheat County Ridge Buy new home that is smaller than an old home 18% 5% for same price Buy older home in good condition that costs less 45% 74% than a new home of the same size Purchase a fixer-upper that costs less than new 11 °k 11 % or older home No preference as long as the residence is in my 27% 10% priceranqe "How imporlant are the following factors to you when deciding on a residence?" Wheat Ridge 7ype oi residence (SF, con00. 4.4 I. etc.) 4.0 4.31 Cost ol housing to Duy/rer6 4.8 3.6 aswnm ta+rorr, wok z.~ ■ ow~ 3.5 O Rent Distance hom servkes 3.5 . NumE2r d EetlroDm6 4.0 Commurory amenities lsUwok, 34 parks, etc.) ~"7 . 1 Z 3 1 Arenge Ratlnp (acale of 7 "rwl al atl imporbnY l0 5 'verY importa'rt") Ovmers Want to Buy a Di//erent Home? Jefferson Wheat County Ridge Yes 28% 23% No 72°k 77% "Couid you aHord your current home at its market rate today?" - Wheat Ridge Yes 45% No F--------1gg% I ■ Wheat Ridge Uncertain Why Do You Want to Buy a Dilferent Home? JeHerson County Wheat Ridge To live in a more rural setting 24% 36% To find a smaller home 16% 36% To live in a different community 21% 27°h To find a larqer home 37% 18% To be doser to work 9% 91/0 Otherreason 26°k - To find a single-tamily residence 11 °h - To find an ariached residence 8% - To live doser to citynown services 3°o - •NOTE: Small Wheat Ridge s ample sae. 0% 20% 40% 60% The Housing Cdlaborative, Inc. McCortnidc and Assoaaies, Inc, Rees Consulting, Inc. and RRC Assodates, Inc. 5 Wheatridge - Household Survey Profile Renters Want to Buy a Home? Jeflerson Wheat County Ridge Yes 87% 82% No 13% 18% Why Have You Not Bought a Home? Jeflerson County Wheat Ridge Housing in my price range not available where 1 want to live 43% 48°h High down payment ranuirement 49% 38% Can't qualify for a loan 41 % 380/b Cheaper to reM 21 % 24% Total cASt 40% 19% Lack of housing choice (e.g. no single family homes) 14% - Other 12% - 'NOTE: Small Wheat Ridge sample size Households By AMI AMI Distribution of Households Jefferson Wheaf Ridge AMI Range Couniy Owner Renter Total 30% or less 6.8% 5.0% 21.0% 12.3% 30.1 % to 500/a 8.1 °h 10.9% 19.7% 14.90/o 50.1 to 80°h 17.5% 21.8°k 27.3% 24.3% 80 to 95°k 9.4°k 9.90/o 10.4°k 10.1 °k Over 95% 58.3°k 52.5°k 21.6% 38.4°h 100°h 5.00/o 21.0°/a 12.3°h Total 206,067 7,943 6,616 14,559 Source: 2000 Census; CFIAS Cost-Burdened Households by AMI Whe at Ridge ■ Cost-Burdened ONolCost-Burdened Lessthan 22% I 30% AMI 30.1 to 5096 47% ~ AMI i 50.1 to 8046 69% I AA~H 80.1 to 95% q{, gg I AMI Over 95% 95% I AMI 0% 20% 409/6 600/6 80% 1 00% The Housing Cdlaborative; Inc. M1oCortnidc and Auodates, Inc. Rees Consulting, Inc. and RRC Associates, Inc. 6 Wheat Ridge - Household Survey Profile Housing Problems 8ehind in Payments During Last 2 Years Jefferson Wheat County Ridge NovPr 89% 86°Io _ 1 to 3 times 7% 10% 4 or more times 5% 4% "Which of the following types of help with housing would you consider?° - Wheat Ridge Lowimeresl rehstilitelian loan Condition ol Home Jefferson Wheat County Ridge Good or Eccellent 76% 70% Fair (needs repairs <$5K) 19% 27% Poor (needs repairs $5 - 3% _ $10K) Very Poor (needs repairs 2% 3% >$10K) Home repairs completed within last 3 years Jefferson County Wheat Ridge Other 34°h 33°h Kitchen 27% 31% Fum3Ce 22% ' 24% Plumbing 27°h 21°h EIeCtriCal 19% 19% ROOf 15% 19% Basement finish/ refinish 12°k 12% Additions 7°k 5% NONE 23% 17% "Do you agree that it is important... Fp senias b remain in the comn+wb Fa teadiers, firefphtHS, Pdice, etc. to live in Cie cmnnnM wttich they work To have a variery M rernal antl fp-sale h"irq Fa children raised in the cormxmiry to be ade to live in the canmunitY az adutts 4.1 4.0 4.0 1.1 I 1.0 ' 3.8 ■ Vuheal Ridpe 3.7 OJeflerso^C°' Arenge Itatlng (scaie ot 1'toUly d W gree to S"tonly agree") o~ cameM assrSr" RM ssmstarO Extent to Which Housing is a Problem in Jefferson County Jefferson Wheat County Ridge It is the most critical problem 7% 9% One of the more serious 30% 28% problems - A problem among others 35% 42% needing attention - One o( our lesser problems 15% 13% I don't believe ft is a problem 13% The Housing Cdlaborative, Inc. McCormidc and Assoaates, Inc, Rees Consulting, Inc. and RRC Assodales, Inc. o% iox sovc 3o9s .ow 509c P.resnrt rwPondin9 1 a 61scaN a t'1vouW nol coroiWf Lo 6'woWtl ddlMWy conslCwf') Wheat Ridge - Household Survey Profile Employment Employment status Jeileison Wheat County Ridge Employed by oihers 54% 58% Retired 18% 20% SeN employed 13% 9% Unemployed 5% 6% Homemaker 5% 4°/b Employees per Househoid 1.3 1.3 Primary source of income Jeflerson Wheat County Ridge Social SeCUrity 9% 18% Protessional services 19% 17% Studertt 4% 4% (legal etc ) Health care services 7% 11% Have you or anyone in your household been Other 12°k 10°r6 laid off in the last year? ~riculture/ food 2°k 9% Je(ferson Wheat Construction 5o/a 7% County Ridge ovemment o 9/0 0 7/o None 0 ~~0 0 8- ~~0 -Personal services 500 6°h Setf only 8/0 6/o repair etc ) Other employee only 5% Rotirement income 12% 5°h SeH and other employee 3% 8°k coNice 7% 4% Retail 6% 3% Manufaduring 4% 2% Unemployment 2% 2% TANF 0% ' Where Residents of Wheat Ridge Work Wheat RidgeV7=7=1 18% Denver Arvada 11 % Other Jefferson Counly 10% Golden 4% Boulder CouMy 3% Westminster Other 0% 5% 10% 15°h 20% 25% Percent of employeea Swrce: 2003 Household Survey, 2000 US Census The Housing Cdlaborative, Inc. McCormidc and Associates, Inc, Rees Consulting, Inc. and RRC Associales. Inc. 8