Montgomery County, Maryland ADVISORY COMMITTEE KICKOFF MEETING RENTAL HOUSING STUDY April 27, 2015 Presented by: Kyle Talente, Vice President & Principal RKG Associates, Inc. MEETING AGENDA Overview of Study Role of Advisory Committee 3-minute Roundtable Next Steps OVERVIEW OF STUDY The rental housing study will take a comprehensive approach to address rental housing issues in Montgomery County, especially those of low and moderate income households in need of rental housing. OVERVIEW OF STUDY Existing Conditions/Market Analysis Socioeconomic Analysis Supply and Demand Equilibrium Pricing and Affordability Analysis Model Neighborhood Analysis Stable Declining Challenged Up and Coming Best Practices Analysis Regulatory Land Use OVERVIEW OF STUDY Test Application Financial Feasibility Analysis Cost/Benefit Analysis Recommended Approach Narrow Choices Refine and Prioritize Community Outreach Efforts Committee Meetings Stakeholder Interviews Focus Groups ROLE OF THE ADVISORY COMMITTEE Montgomery County Planning Board, County Council, County Executive DHCA Planning Department Montgomery County Community Advisory Committee Consultant Team Technical Committee RKG CHP APD Kyle Talente Lisa Sturtevant Jesse Wiles ROLE OF THE ADVISORY COMMITTEE Attend meetings The key to successful meetings is the participants having an understanding where we have been and where we are going. Participate in discussions Your expertise and perspective is important to the analysis. (Have) Question(s for) everything If you don’t know, understand or agree with what is being discussed, ask! Provide solutions with your concerns No bomb throwing or “gotcha!”, please. ROUNDTABLE Rental Housing Perspective Priorities/Concerns Areas of Interest Please Hold It To Three Minutes! PROJECT TPROJECT I M E L I NTIMELINE E Advisory Committee Meetings Primary Tasks of Research Team April 2015 Introductory Meeting of Advisory and Technical Committee Secondary Data Collection Secondary Data Analysis Identify sub-markets within County Late Spring / Early Summer 2015 Methodology Input – Confirm County sub-markets Identify other Key Stakeholders Update Planning Board Secondary Data Analysis Late Summer 2015 Review of Secondary Analysis Focus Groups Interviews of Key Stakeholders Identification of Best Practices Winter 2016 Review of Housing Needs and Opportunities; Strategies Update Planning Board Test Options Community Outreach Meetings Early Spring 2016 Narrow Options Meet with Planning Board, County Council, Executive Summer 2016 Refine Options Meet with Planning Board, County Council, Executive Late Summer 2016 – Final Report CONTACT INFORMATION Mr. Andrew Aurand Housing Planner Montgomery County Planning Department 8787 Georgia Avenue Silver Spring, MD 20910 301 .495.4511 Andrew.Aurand@montgomeryplanning.org Mr. Kyle Talente Vice President & Principal RKG Associates, Inc. 300 Montgomery Street #203 Alexandria, VA 22314 703.739.0965 x1 kst@rkgassociates.com