Community

Pathways to Homeownership

Wednesday, April 25, 2018

Another rent hike. Another move. Another school system.

Another family—maybe yours—is pushed farther out of town, and farther from jobs, stores, healthcare services, public transportation and higher education opportunities.

This narrative has become a standard in Whatcom County. It started as the norm for our low-income families and is now becoming the norm for our middle-income families as well.
Perhaps a move improves cash flow with lower rent. Or perhaps, once you factor in a new commute, it’s a wash. Either way, every time Bellingham’s lack of affordable housing options forces out another family, our community experiences a cumulative, tangible loss.

Housing instability bleeds dysfunction into every corner of our lives.

Economically displacing workers creates sprawl, increases traffic and pollution, and decreases job security. Children lose friends, educational momentum and access to healthy, social after-school activities. In many cases, these losses—especially if repeated in patterns over time—not only set children up for behavioral, emotional and health difficulties, but also increase the probability that they will rely on government assistance as they enter adulthood.

The inadequate supply of Whatcom County homes in the $125,000 to $300,000 price range keeps average wage earners in the rental market long past when they should be able to purchase a home. This means people attempting to move from homelessness, transitional housing or subsidized housing to long-term, unsubsidized rental housing, are competing with neighbors who have enough income and resources to own a home, as well as (generally) more stable jobs and stronger credit histories.

The bloated Whatcom County renter population creates a completely unfair uphill battle for folks attempting these critical transitions and the organizations supporting them. And it impacts renters, rental agencies and property owners too. It places tremendous pressure on the rental market, which is not positioned to both solve homelessness and house folks who should be able to own homes.

Owning your own home within reasonable commuting distance to work has become a pipe dream for many residents of Whatcom County.

“Even if you find a home under $435,000 and have the whopping $80,000 down payment ready to go,” explains Habitat for Humanity in Whatcom County Executive Director John Moon, “your income still needs to be over $73,000 per year to afford the mortgage. In a single-earner household, that’s an hourly wage of $35 per hour.”

The vast majority of employees, especially those working for family-owned, locally run businesses, have no chance of achieving such a high wage.

Expanding a business in this climate is even more difficult. How can local businesses grow and thrive, if they are unable to attract new talent? Can they even retain their current talent? How can developers and contractors bring in construction crews? How do we spur economic growth if new build projects are dead-ended by worker housing costs?

Solutions for average wage earners, their families and their children:

For families, affordable homeownership price points would mean stable, long-term living costs and an ability to build wealth through their home’s equity, as well as improved outcomes in health and education.

If homeownership were available to average wage earners in Whatcom County, they would be able to begin moving along a “Housing Continuum.” Hardworking families able to buy a home would move out of the rental market, creating space for those living in subsidized or transitional housing to move to long-term rentals, and freeing up more of our community’s supportive resources for those currently living on the streets.

New developments would increase economic activity for suppliers, subcontractors, real estate agents and title companies. Increased stability would mean more businesses would be able to retain employees, attract new talent and expand. More homeowners means more taxpayers and more community assets. Innovation, opportunity and security for all of our residents would increase. Whatcom County, as a whole, could reach its full potential.

Sarah Bond-Yancey is the communications manager for Habitat for Humanity in Whatcom County. Learn more about homeownership pathways, local impacts and ways to get involved at http://www.hfhwhatcom.org/pathways.

Past Columns
Threshold Fund

June 13, 2018

Imprisoned Splendour

May 9, 2018

Yes on I-1631

April 11, 2018

Divide-and-Conquer

October 11, 2017

Schools and Planning for Growth

September 27, 2017

Electronic Home Monitoring

September 13, 2017

Events
Today
Bard on the Beach

12:00pm|Vanier Park

Bellingham Dance Company's Hunchback

7:00pm|Majestic

Vanya, Sonia, Masha and Spike

7:30pm|Anacortes Community Theatre

A Funny Thing Happened on the Way to the Forum

7:30pm|Bellingham Theatre Guild

Open Air Summer Rep

7:30pm|Maritime Heritage Park

Chuckanut Writers Conference

9:00am|Whatcom Community College

Wild Things

9:30am|Marine Park

Lummi Stommish Water Festival

10:00am|Lummi Nation

Coffee Tasting

3:00pm|Camber Cafe

Food Not Bombs

4:00pm|Downtown Bellingham

Whatcom Cultural Arts Festival

5:00pm|Historic Fairhaven

Fourth Friday Art Walk

5:00pm|Historic Fairhaven

Beachside Barbecue

5:30pm|Semiahmoo Resort

Beachside Barbecue

5:30pm|Semiahmoo Resort

Keys for Kids

5:30pm|Stepping Stones Garden

Beachside Barbecue

5:30pm|Semiahmoo Resort

Salmon Dinner Sail

6:00pm|Bellingham Cruise Terminal

Little Silver

7:00pm|Blanchard Chapel

Off Broadway

7:00pm|Mount Baker Theatre

Sin & Gin Tours

7:00pm|Downtown Bellingham, historic Fairhaven

Musicals and Brawls

8:00pm|Upfront Theatre

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Tomorrow
Bard on the Beach

12:00pm|Vanier Park

Bellingham Dance Company's Hunchback

7:00pm|Majestic

A Funny Thing Happened on the Way to the Forum

7:30pm|Bellingham Theatre Guild

Vanya, Sonia, Masha and Spike

7:30pm|Anacortes Community Theatre

Open Air Summer Rep

7:30pm|Maritime Heritage Park

Chuckanut Writers Conference

9:00am|Whatcom Community College

Lummi Stommish Water Festival

10:00am|Lummi Nation

Whatcom Cultural Arts Festival

5:00pm|Historic Fairhaven

Keys for Kids

5:30pm|Stepping Stones Garden

Off Broadway

7:00pm|Mount Baker Theatre

Sin & Gin Tours

7:00pm|Downtown Bellingham, historic Fairhaven

Musicals and Brawls

8:00pm|Upfront Theatre

Plant Hike

8:00am|Hannegan Pass Trail

Pancake Breakfast

8:00am|American Legion Hall

Padden Triathlon

8:30am|Lake Padden Park

March Point Run

9:00am|Andeavor Refinery

Mount Vernon Farmers Market

9:00am|Riverwalk Park

Twin Sisters Market

9:00am|Nugent's Corner, North Fork Library

Anacortes Farmers Market

9:00am|Depot Arts Center

Bellingham Farmers Market

10:00am| Depot Market Square

Welcome to Chickenlandia

10:00am|Blaine Library

Lynden Farmers Market

10:00am|Centennial Park

Lummi Island Saturday Market

10:00am|Islander Grocery Store

How to Renovate an Older Urban Garden

10:00am|Roeder Home

Imagine This! Home & Landscape Tour

10:00am|Whatcom County

Blaine Gardeners Market

10:00am|H Street Plaza

Sumas Writers Group

10:00am|Sumas Library

Inside the green building scene

10:00am

Apps & Snaps for iPhone Gardeners

11:00am|Christianson's Nursery

A Novel Affair with Nancy Pearl

11:30am|Maple Hall

Ice Cream Class for Adults

12:00pm|Lynden Library

Concrete Saturday Market

1:00pm|Concrete Community Center

Lynden Cemetery Tour

1:00pm|Lynden Cemetery

Tuesdays with Morrie

2:00pm|Bellingham Theatre Guild

Nooksack River Walk

3:00pm|Horseshoe Bend Trailhead

Seafood Boil

5:30pm|Semiahmoo Resort

Seafood Boil

5:30pm|Semiahmoo Resort

Saturday Seafood Boil

5:30pm|Semiahmoo Resort

Sin & Gin Tours

7:00pm|Downtown Bellingham, historic Fairhaven

Chuckanut Writers Conference Open Mics

7:00pm|Village Books Reading Gallery, Evolve Chocolate and Cafe, Lovitt Restaurant, and Magdalena's Creperie

Musical Reunion

7:00pm|YWCA Ballroom

Dudestock

7:00pm|Lincoln Theatre

An Evening with Ira Glass

7:30pm|Mount Baker Theatre

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Sunday
Bard on the Beach

12:00pm|Vanier Park

Bellingham Dance Company's Hunchback

7:00pm|Majestic

A Funny Thing Happened on the Way to the Forum

7:30pm|Bellingham Theatre Guild

Lummi Stommish Water Festival

10:00am|Lummi Nation

Off Broadway

7:00pm|Mount Baker Theatre

Sin & Gin Tours

7:00pm|Downtown Bellingham, historic Fairhaven

Brunch on the Bay

10:00am|Bellingham Cruise Terminal

Skagit Symphony Garden Tour

10:00am|Mount Vernon

Junk in Your Trunk

10:00am|North Fork Library

Edison Farmers Market

10:00am|Edison Granary

La Conner Live

1:00pm|Gilkey Square

Women on the Water

1:00pm|Community Boating Center

Audubon at the Museum

1:30pm|Whatcom Museum's Old City Hall

Trivia Time

3:30pm|Boundary Bay Brewery

Way North Comedy Triple Header

8:00pm|Upfront Theatre

Take Me to Church

8:00pm|Rumors Cabaret

see our complete calendar »

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