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.

New Money Silver Reef
Past Columns
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
Bellinghamster One-Act Theater Festival (BOAT)

7:00pm|Bellingham Theatre Guild

Cascadia Weekly's Fiction 101 Contest

10:00am

A Forest of Words Poetry Competition

10:00am|Whatcom County

Call to Artists for Spring Juried Exhibit

10:00am|Jansen Art Center

Literacy Council Seeks Volunteers

10:00am

Wild Things

9:30am|Lake Padden Park

Deep Forest Experience

11:00am|Rockport State Park

Books and Bites

1:00pm|Blaine Library

Peace Vigil

4:00pm|Downtown Bellingham

Art Auction Gala

5:30pm|Lightcatcher Building

Photography Exhibit Opening

6:00pm|Fourth Corner Frames and Gallery

Family Story Night

6:00pm|Fairhaven Library

Quieting the Monkey Mind

7:00pm|Village Books

Urinetown

7:00pm|BAAY Theatre

Space Trek

7:30pm|Upfront Theatre

Sanford-Hill Piano Series

7:30pm|Performing Arts Center Concert Hall

VoicePlay

7:30pm|Mount Baker Theatre

Courthouse Vaudeville

7:30pm|Territorial Whatcom County Courthouse

Los Vivancos
Tomorrow
Bellinghamster One-Act Theater Festival (BOAT)

7:00pm|Bellingham Theatre Guild

A Forest of Words Poetry Competition

10:00am|Whatcom County

Cascadia Weekly's Fiction 101 Contest

10:00am

Call to Artists for Spring Juried Exhibit

10:00am|Jansen Art Center

Literacy Council Seeks Volunteers

10:00am

Deep Forest Experience

11:00am|Rockport State Park

Urinetown

7:00pm|BAAY Theatre

Space Trek

7:30pm|Upfront Theatre

Pancake Breakfast

8:00am|Ferndale Senior Center

Martin Luther King, Jr. Conference

9:00am|Whatcom Community College

Larrabee Old Growth Exploration

9:00am|Fairhaven Parkway Park & Ride

Winter Fitness Hike

10:00am|Whistle Lake

Winter Farmers Market

10:00am|Depot Market Square

Plant Classes

10:00am|Garden Spot Nursery

Skagit Eagle Festival

10:00am|Rockport, Concrete, Marblemount

Skagit Eagle Festival

10:00am|Skagit County

The Basics of Sprouting

10:00am|Blaine Library

Deep Forest Experience

11:00am|Rockport State Park

Washington Remembers

12:00pm|Whatcom Museum's Old City Hall

When voices are silenced

12:00pm

MONA Openings

1:00pm|Museum of Northwest Art

Travel to the Philippines

1:30pm|Blaine Library

Rioja Tasting

2:00pm|Siefert & Jones Wine Merchants

Bellingham Roller Betties' Double Header

5:30pm|Lynden Skateway

An Evening with the Artist

6:00pm|Gallery Pegasus

Be IN the Show

6:00pm|Mount Baker Theatre

Unity Ball

7:00pm|The Majestic

Blue Abode Comedy Show

7:00pm|Blue Adobe Bar

Time Travel Sound Sessions

7:00pm|Anacortes Museum

The Shame of Losing

7:00pm|Village Books

Eagle Talk

7:30pm|Lummi Island Library

Hot House at the Courthouse

7:30pm|Territorial Whatcom County Courthouse

Fire and Grace

7:30pm|First Congregational Church

Cascadia Weekly Subscribe Ad 1 Village Books
Sunday
Cascadia Weekly's Fiction 101 Contest

10:00am

Call to Artists for Spring Juried Exhibit

10:00am|Jansen Art Center

Deep Forest Experience

11:00am|Rockport State Park

Urinetown

7:00pm|BAAY Theatre

Skagit Eagle Festival

10:00am|Skagit County

Deep Forest Experience

11:00am|Rockport State Park

Sedro-Woolley Community Breakfast

8:00am|American Legion Post #43

Rabbit Ride

8:30am|Fairhaven Bicycle

Nookachamps Winter Runs

9:00am|Skagit Valley College

Skagit Eagle Festival

10:00am|Rockport, Concrete, Marblemount

Langar in Lynden

11:00am| Guru Nanak Gursikh Gurdwara

Deep Forest Experience

11:00am|Rockport State Park

Sips of the Season

1:00pm|Galloway's Cocktail Bar

Bill Evans

2:00pm|Nancy's Farm

Resolutions with the Bellingham Chamber Music Society

3:00pm|First Congregational Church of Bellingham

Poetry with Douglas Cole

4:00pm|Village Books

Seven Comedians

7:00pm|Upfront Theatre

see our complete calendar »

Choir of Man Trove Web Cascadia Weekly Subscribe Ad 1 Village Books Los Vivancos