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.

Sugar Ray
Past Columns
Salish Sea Science

January 23, 2019

Cherry Point Amendments

January 16, 2019

Invest in the Future

September 26, 2018

A Desperate Call

August 29, 2018

Criminalizing Protest

July 18, 2018

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
A Forest of Words Poetry Competition

10:00am|Whatcom County

Skagit Birding Adventures

9:00am|Skagit Valley

Literacy Council Seeks Volunteers

10:00am

Makerspace Classes

5:00pm|Bellingham Makerspace

Bellingham Human Rights Film Festival

7:00pm|Bellingham and Whatcom County

The Addams Family

7:00pm|Ferndale High School

Shakespeare in Love

7:30pm|Anacortes Community Theatre

West Side Story

7:30pm|Lincoln Theatre

Wild Things

9:30am|Whatcom Falls Park

Wild Things

9:30am|Interurban Trail

Deep Forest Experience

11:00am|Rockport State Park

Peace Vigil

4:00pm|Downtown Bellingham

Fourth Friday Art Walk

5:00pm|Historic Fairhaven

Bellingham Youth Jazz Band

7:00pm|Bellingham Senior Activity Center

The Book of Help

7:00pm|Village Books

Always...Patsy Cline

7:00pm|Conway Muse

Salish Sea Early Music Festival

7:30pm|St. Paul's Episcopal Church

Heavy Metal

7:30pm|Performing Arts Center Concert Hall.

Richard III

7:30pm|Phillip Tarro Theater

Cupid's Arrow

7:30pm|Upfront Theatre

Serial Killers, Episode Four

7:30pm|Sylvia Center for the Arts

MacMaster and Leahy
Tomorrow
A Forest of Words Poetry Competition

10:00am|Whatcom County

Skagit Birding Adventures

9:00am|Skagit Valley

Literacy Council Seeks Volunteers

10:00am

The Addams Family

7:00pm|Ferndale High School

Bellingham Human Rights Film Festival

7:00pm|Bellingham and Whatcom County

Shakespeare in Love

7:30pm|Anacortes Community Theatre

West Side Story

7:30pm|Lincoln Theatre

Deep Forest Experience

11:00am|Rockport State Park

Always...Patsy Cline

7:00pm|Conway Muse

Cupid's Arrow

7:30pm|Upfront Theatre

Richard III

7:30pm|Phillip Tarro Theater

Fragrance Lake 50K

6:00am|Larrabee State Park

Pancake Breakfast

8:00am|American Legion Post #154

Smelt Run

9:00am|La Conner High School

Children's Literature Conference

9:00am|Performing Arts Center

Community Work Party

9:00am|Squalicum Creek

Whatcom Falls 5K

10:00am|Whatcom Falls Park

Assistance League Anniversary Sale

10:00am|Assistance League

Kids Cooking Class

11:00am|Chuckanut Center

Recreation Northwest EXPO

11:00am|Bellingham Cruise Terminal

Hearty Party 5K

11:00am|Max Higbee Center'

Wildlife Photography with Andy Porter

11:00am|Padilla Bay Estuarine Research Reserve

Deep Forest Experience

11:00am|Rockport State Park

Tax Help Available

12:30pm|First Congregational Church

Wine Tasting with Duckhorn Vineyards

2:00pm|Seifert & Jones Wine Merchants

"Beatlemania/Beatlemedia

2:00pm|Blaine Library

Forestry and Wildlife Panel

2:00pm|Ferndale Library

Waterway Tour

2:00pm| I & J Waterway

Wildfire and Resilience

3:00pm|Deming Library

The Fellowship of Fire

4:00pm|Village Books

Dancer Panel

5:00pm|Museum of Northwest Art

Contra Dance

7:00pm|Fairhaven Library

Visions from Cape Breton and Beyond

7:30pm|Mount Baker Theatre

Bayshore Symphony

7:30pm|St. Paul's Episcopal Church

An Evening with Steve Mayo

7:30pm|Lummi Island Library

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Sunday
A Forest of Words Poetry Competition

10:00am|Whatcom County

Skagit Birding Adventures

9:00am|Skagit Valley

Bellingham Human Rights Film Festival

7:00pm|Bellingham and Whatcom County

Deep Forest Experience

11:00am|Rockport State Park

Deep Forest Experience

11:00am|Rockport State Park

Bayshore Symphony

7:30pm|St. Paul's Episcopal Church

Rabbit Ride

8:30am|Fairhaven Bicycle

Langar in Lynden

11:00am| Guru Nanak Gursikh Gurdwara

Deep Forest Experience

11:00am|Rockport State Park

Drag Brunch, Celebrity Impersonation

11:00am|Rumors Cabaret

History Tour

12:30pm|Whatcom Museum's Old City Hall

Seabirds of the Salish Sea

1:00pm|REI

Audubon at the Museum

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

Interfaith Music Festival

3:00pm|First Congregational Church

Art of Jazz

4:00pm|The Majestic

Heavy metal Hollywood

4:00pm

Clover Group Reading

4:00pm|Village Books

see our complete calendar »

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