![]() Policy implementation moves policy priorities into a detailed plan for immediate action.The development of an anti-Displacement agenda formulated policies to address the challenges identified in the Needs Assessment.The Needs Assessment identified housing challenges and barriers to affordability in Winston-Salem, along with their causes and consequences.Community Engagement Consultant Paula McCoy.Winston-Salem Urban League President James Perry.Planning and Development Services Director Aaron King.Community Development Director Marla Y.Councilmember and Mayor Pro-Tem Denise Adams.The City of Winston-Salem ForEveryoneHome Team This new approach is called “ForEveryoneHome,” an effort bringing together government and civic leaders working toward the preservation of housing affordability and cultural heritage in communities of color. In 2019, the Department applied for and received $225,000 in technical assistance from the Grounded Solutions Network, to support the development and execution of a more equitable housing policy for our community. If we can narrow the racial wealth gap, Winston-Salem will be a substantially more prosperous community. In Winston-Salem, the average home owned by a person of color is worth 50% that of the average home owned by a white resident. For homeowners of color, the wealth gap is especially acute. These areas, primarily in the eastern portion of the City, are substantially housing cost-burdened and thus residents there are at increased risk of displacement.ĭisplacement pressures eventually drive down communal wealth, particularly for households of color. In Winston-Salem, the impact of unsustainable housing costs upon communities of color is clearest when examining the map below. Residents of color are more likely to be renters than homeowners, so the pressure of displacement in these communities most frequently takes the form of unsustainable rent increases. Displacement impacts communities of color most frequently, and often leads to residents being forced to leave areas with unique cultural heritage. In the Housing + Transportation Affordability Index map above, the darker the color, the greater amount of housing and transportation costs are expended as a proportion of household income.ĭisplacement occurs when residents of a community are under pressure to adjust their housing choices because of rising rents and home prices. This holistic view of housing affordability comprises the H+T Affordability Index. ![]() Depending upon where a family lives, housing costs can combine with other expenses, such as childcare and transportation, to consume substantial portions of a family’s income. However, even families earning the full AMI or above can be housing cost-burdened. ![]() In Winston-Salem, more than half of our families are considered cost-burdened relative to their ability to pay for housing. The situation for families earning between $20,000 and $34,999 is slightly better, but more than half in this income bracket are cost-burdened. Housing affordability challenges are greatest for those in lower income brackets.įor families earning less than $20,000 a year, there is a more than 90% likelihood that the household is housing cost-burdened. This means that households earning 20% less than the average income of the area are usually eligible to receive some sort of housing assistance. However, this metric alone does not tell the whole story of housing affordability.įor affordable housing support programs, household income of 80% of the area median income (AMI) for a metropolitan area like Winston-Salem is usually the threshold for assistance, adjusted for household size. Families paying more than one third of their annual income toward housing are considered cost-burdened. Housing is considered affordable when a family like Gena’s pays no more 30% of its annual gross income in housing costs. ![]()
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