LiveDavidson

LiveDavidson LogoThe Town of Davidson, in collaboration with Onpointe Partners, is currently developing a data and context driven Davidson Affordable Housing Action Plan (known as "LiveDavidson") to actively address the economic and social equity impacts to Davidson’s affordable housing needs. Davidson is one of the most expensive places to live in the state, and it is anticipated that real estate prices and rent will continue to increase in the foreseeable future. The Affordable Housing Action Plan is charged with providing comprehensive, and alternative, recommendations for producing new and preserving existing affordable homes, targeted regulatory changes, strategic infrastructure investments, strategic ways to spend the housing (payment in lieu) funds, identifying new funding sources and other tools to increase affordable housing.

Final Public Input Opportunity
Thursday, May 12, 2022 from 6:30-8:30pm
Ada Jenkins Center, 212 Gamble St. in Davidson

The Town of Davidson invites everyone to the final interactive public input session regarding LiveDavidson, Davidson’s new Affordable Housing Plan. We’re here to listen, and value your opinion regarding housing affordability in Davidson. OnPointe Partners, the Consultancy and Project Team who are developing LiveDavidson, will give a presentation which will include the results of recent public engagement efforts and a summary of final recommendations. Stick around afterward for smaller group discussions where we hope to answer all questions and concerns you might have as a resident of Davidson. Light refreshments will be provided.


Ada Jenkins Center Long, News of Davidson

Affordable Housing Plan: Goal and  Facts

Town's Goal

The town’s goal with the affordable housing plan is to engage Davidson’s residents, employees, and the larger community to understand affordable housing needs in our area, how we think about housing affordability in Davidson, and identify the direction our town should work towards with regards to affordable housing.  This survey is the beginning of our engagement efforts with the public, and results will provide valuable data that can help guide Davidson’s future in this important space. There will be several further opportunities to share, learn and engage with our staff, our consultants, and others in the community on this critical topic, so stay tuned for more information about ways to get involved!

Important Facts

  1. The Town of Davidson, in collaboration with OnPointe Partners, is currently developing a data and context driven Davidson Affordable Housing Action Plan (known as "LiveDavidson").
  2. LiveDavidson Plan is to actively address the economic and social equity impacts to Davidson’s affordable housing needs. 
  3. The Affordable Housing Action Plan will provide comprehensive and alternative recommendations for producing new and preserving existing affordable homes.
  4. The Affordable Housing Plan will analyze the regulatory options, strategic infrastructure investments, and recommended use of the (payment in lieu) funds.
  5. The Affordable Housing Plan will identify new funding sources and other tools to increase affordable housing.
  6. Roughly 3,000 members of Davidson's workforce are in occupations with median earnings that are below 80% of AMI for a family of four. These occupations include: firefighters, community and social service occupations, and educational instruction and library occupations.
  7. Davidson currently has 262 affordable housing units out of 5,474 total residential units.
  8. 4.1% of Davidson owner-occupied households with income of at least $75,000 are spending more than 30% of their income on housing.
  9. 17.5% of Davidson renter-occupied households with income between $35,000 and $49,999 are spending more than 30% of their income on housing.
  10. Davidson’s median rent payment has increased by a 5.2% compound annual rate since 2010.

To view a PDF of the fact sheet, please click here.

STAY TUNED!

We so appreciate the large amount of public input we have received during the process of developing the LiveDavidson Affordable Housing Action Plan. The plan will be presented to the Davidson Board of Commissioners soon and will be available for the public to review. 

In the interim, if you have any questions, please feel free to contact Housing and Equity Director Eugene Bradley at ebradley@townofdavidson.org