Napa Valley College Housing Presentation Agendas/2016... · 3/10/2016 1 Napa Valley College Housing Presentation Board of Trustees –March 10, 2016 Stoddard Housing Project – What

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NapaValleyCollegeHousingPresentation

Board of Trustees – March 10, 2016

StoddardHousingProject–WhatweWanttoAccomplish

• Housing  Affordable to our Workforce

• Housing as a Recruitment and Retention Tool

• Housing to Address Social Needs

• Housing for Workers who live outside the County

• Housing in a mixed‐income affordable and workforce complex

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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NapaValleyHousingFacts

• 1.9% Vacancy Rate for rental housing

• $562,250 ‐Median House Price Napa (8/15 – 11/15)

• Market rate rents for an older market rate 1 bedroom $840 ‐ $1615 – rents for a newer 1 bedroom $1,550 ‐ $2376

• Affordable rent for a 1 bedroom would be $766 ‐ $1,222 including utilities for a single low income person

• New construction cost varies depending on number of units, types and sizes of units, land costs, and development fees. Two current project construction cost only estimates  $198,571 and $238,072per unit

Top4IndustrySectorJobsdatafromWorkforceInvestmentBoard

Health Care and Social Assistance

Health Care and Social Assistance

2015 –8,5242015 –8,524

2025 –10,2572025 –10,257

20.3% increase20.3% increase

Government and EducationGovernment and Education

2015 –9,5672015 –9,567

2025 –10,6882025 –10,688

11.5 % increase11.5 % increase

Hospitality Hospitality 

2015 –11,4662015 –11,466

2025 –14,7092025 –14,709

28.3 % increase28.3 % increase

Manufacturing Manufacturing 

2015 –12,6942015 –12,694

2025 –14,9062025 –14,906

17.4% increase17.4% increase

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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NapaCountyFullTimeWorkforce

Very Low Income $30,600 or  up to $14.71/hr

Very Low Income $30,600 or  up to $14.71/hr

Receptionists

Maintenance Workers

Streets Crews

Farm Workers

Low Income $48,900 or           

up to $23.50/hr

Low Income $48,900 or           

up to $23.50/hr

Audit Clerks, First‐Line Supervisors

Tech – Surgery & Pharmacy

Truckers, Shipping, Machinists, 

Housekeeping/ Front Desk

Median Income $60,250 or  up to $28.96/hr

Median Income $60,250 or  up to $28.96/hr

Teachers, Social Workers & Counselors

CorrectionalOfficers, Mail Carriers, 

Lab Techs

Restaurant –Retail Managers

120% Income $72,300 or  up to $34.75/hr

120% Income $72,300 or  up to $34.75/hr

Sherriff

NVC Faculty

Nurses –Business Operations

Production Managers, 

Market Analysts, 

2015WorkforceIncomeSummary

Annual Salary Hourly PayMonthly Rent at 30% of Salary

Very Low (Single) $30,600 $14.71/HR $765.00

Very Low (Family 2) $34,950 $16.80/HR $873.75

Low (Single) $48,900 $23.50/HR $1,222.50

Low (Family2) $55,850 $26.85/HR $2,396.24

Median (Single) $60,250 $28.96/HR $1,506.00

Median (Family 2) $68,100 $32.74/HR $1,702.50

120% (Single) $72,300 $34.75/HR $1,807.50

120% (Family 2) $82,650 $39.73/HR $2,066.25

150% (Single) $90,375 $43.44/HR $2,259.37

150% Family 2) $103,350 $49.68/HR $2,583.75

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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NapaNewerApartmentComplexes

2015 Newer Apartment Complex Rent Comparison

Complex Unit TypeUnit Size 

(SF)Market RateRent low

Market Rate Rent High

Median Income rent

Montrachet 1 bd 552 $2,302 $2,376$1,223 ‐ $1,506 

(1 person)

Anton 1 bd 690 $1,550 $1, 580

Hawthorne 1 bd 790 $1,930 NA

Anton 1bd 825 $1,699 $1,749

Hawthorne 2 bd 932 $2,209 NA$1,396 ‐ $1,723 

(2 person) 

Montrachet 2 bd 1,052 $2,750 $2,775

Anton 2bd  1,072 $1,950 $1,990

Anton 2 bd 1,123 $2,320 $2,320

Hawthorne 2 bd 1,240 $2,439 NA

Anton 3 bd 1,233 $2,499 $2,499$1,745 ‐ $2,135 

(4 person)

Anton 3 bd 1,278 $2,420 $2,420

Hawthorne  3 bd 1,454 $2,605 NA

St.HelenaMontessoriSchool(10units–CollegeAve)

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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NapaCourtyard– Coombsville(20unitlowincomeproject–1,2and3Bedroomson1.1acres)

ValleyView– AmericanCanyon(70cottages‐SeniorandVeteranon3.6acres)

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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Pietro Place– CentralAve(171units–160marketrateand11unitslowincomeon6.7acres)

NapaCreekVillage– FirstSt.(48units–24workforce,8affordableand24marketrateon2.5acres)

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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GasserAffordable&WorkforceStoddardHousingProject

• 5.6 acres total – spans Gasser Drive – 2.37 and 3.32 acre parcels

• Up to 225 units

• 20 units very low (50%) income $30,600 ‐ $43,650 (up to family of 4), 

• 70 units low (80%)  income $48,900‐ $68,900 (up to family of 4)

• 110 – 125 market rate (100%) median income ($60,250 ‐ $86,100 (up to a family of 4)

• Deed Restricted (affordable) and market rate rental units

• Single and Family Units – 1, 2, and 3 bedroom

Stoddard ProjectSite

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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GasserProjectArea

NapaValleyCollegeCampus

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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NapaValleyCollege‐HousingOpportunities

• Sustainable living and workforce housing for Faculty, Staff, and Students

• Creation of an integrated Campus Village 

• Design that reflects Napa Valley College aesthetic values 

• Enhance Napa Valley College connections to Kennedy Park, Century Center, South Napa Marketplace and Downtown Napa

• Create synergy for and positive image of affordable and workforce housing ‐ Gasser and Napa Valley College

Napa Valley College Board of Trustees March 10, 2016 Regular Meeting Agenda Item 9.1 .

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