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CC 2020-03-10_11a Regional Housing Compact_PP Presentation CITY COUNCIL icons by Made and Maria Darron from the Noun Project jobsinfrastructurerequirementsState Housingaffordability Our Region Target VL/L/M = Very Low/Low/ModerateAM = Above Moderate VL/L/MAM 4,563Actual VL/L/MAM 4,090 Data Sources (compiled by SLOCOG): Zillow, American Community Survey, Median rent paid: over $1300•Median home sale price: over $600K•Per February 2020 SLOCOG report Only 9%California Housing Partnership 1/23/2018 692Total291Above Moderate Income124Moderate Income107170Very Low IncomeNumber of UnitsIncome Category San Luis Obispo Countywide Regional Compact A united regional framework to unlock our potential productionhousing accelerated Foster ties-opportuni& diverse equitable Support resources& natural agricultural Value ties-communibalanced Create prosperityregional Share lifequality of community Strengthen that support our economic prosperity.to develop an adequate supply of housing and resilient infrastructure A united regional framework to unlock our potential Become a statewide leader in sustaining vibrant communities•Drive future recommendations for collaborative actions•Align resources and policies around the Regional Goals•Act as partners•First, necessary step•Aspirational compact•Why?that support our economic prosperity.to develop an adequate supply of housing and resilient infrastructure February 25Signing Event)rd(April 3TBD SLOCOG Board of Directors st April 1City of Morro Bay Council th March 24City of San Luis Obispo Council th March 17City of Atascadero Council th March 10City of Arroyo Grande Council th March 10Approved–City of Pismo Beach Council rd March 3Approved–City of Paso Robles Council rd March 3Approved–City of Grover Beach Council nd March 2Approved-County Board of Supervisors th A united regional framework to unlock our potential All agencies adopt Regional Strategic Action PlanIdentify funding and implementation strategiesInventory and prioritize infrastructure needsEach agency adopts its Housing Element Develop new Regional Section: Goals & strategiesCollaborate in developing Housing Elementsthat support our economic prosperity.to develop an adequate supply of housing and resilient infrastructure A united regional framework to unlock our potential Each agency adopts its Housing Element Develop new Regional Section: Goals & strategiesCollaborate in developing Housing ElementsAll agencies adopt Regional Strategic Action PlanIdentify funding and implementation strategiesInventory and prioritize infrastructure needsthat support our economic prosperity.to develop an adequate supply of housing and resilient infrastructure