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HomeMy WebLinkAboutHousing and Neighborhood Preservation Departmental Budget PresentationCity of Virginia Beach Proposed FY 2026-27 Housing & Neighborhood Preservation Department Ruth Hill, Director of Housing & Neighborhood Preservation April 14, 2026 1 Trends & Issues 2 •One in three households (62,000 out of 180,000) are housing cost-burdened, meaning they pay 30% or more of their income for housing costs. •Renters and homeowners make up nearly equal portions of housing-cost-burdened households; renters are proportionately more cost burdened. •Approximately 40% of seniors over the age of 75 are housing cost-burdened. Housing Instability •In 2024, the median monthly rent increased to $1,750, requiring an income of $70,000/year. •Median home prices have increased by 5% each of the past two years and coupled with high interest rates makes it difficult for first-time and moderate-income homebuyers to purchase homes. Affordable Housing •Housing and Neighborhood Preservation utilizes various programs to help residents obtain affordable housing, such as: Attainable Workforce Housing Performance Grant, Owner-occupied rehabilitation program, Federal Housing Choice Voucher program, and the newly developed in FY 2027 Down payment and closing cost assistance (federal funds) program. •Housing and Neighborhood Preservation leverages public-private and public-nonprofit partnerships to assist developers in creating more affordable rental housing units. Affordable Housing Trends & Issues 3 •During the 2025 Point-In-Time count, 327 homeless persons were identified, an increase from 311 in 2024. •Over the past five years, targeted interventions have yielded a 9 % decline in chronic homelessness. •Over the past decade, the City has experienced a 34% reduction in unsheltered homelessness through the enhancement of shelter capacity and the expansion of permanent housing options. Homelessness Trends •Individuals aged 55 and older constitute the fastest-growing segment among those experiencing homelessness in Virginia Beach. •Single men & women constitute 75% of all homelessness in the City. This development is predominantly attributed to fixed incomes not keeping pace with escalating housing expenses. •Minority groups remain overrepresented within the homeless population relative to their proportion in the City's general demographic makeup. Homelessness Trends Cont. •Housing Affordability Crisis: The primary factor contributing to homelessness continues to be limited access to affordable housing. In 2024 approximately 60% of households seeking shelter were at risk of homelessness due to significant rent cost burdens •Barriers to Shelter: Many unsheltered individuals avoid shelters due to pet restrictions and limited storage; the City is exploring pet-friendly fostering and expanded storage solutions. •Encampments:In the year 2025, the City cleared 29 encampments and 7 individuals were successfully transitioned into shelter or housing. Homelessness Challenges Major Budget Changes 4 •A limited pilot program for the City Detect platform to evaluate the effectiveness of AI-driven imagery for proactive code enforcement. •The Pilot will use two vehicle-mounted cameras to test the platform's ability to detect various types of property maintenance code violations and improve inspection efficiency. Code Enforcement (City Detect Pilot) – $110,000 •Six Code Enforcement positions have been transferred from the Community Development Block Grant to the General Fund. •This change frees up federal funding for the homeowner rehabilitation program and other eligible programs. •The transition strategically aligns local and federal program services with their appropriate funding sources, maximizing the impact of both local and federal resources. Code Enforcement Positions Moved to the General Fund Questions? 5