Wednesday, December 3, 2014

Oregon Releases LIHTC Tenant Demographic Data, With First in US Breakout of Detailed County Level Data.

For the first time OHCS has just released a set of Oregon LIHTC tenant demographic data. Data is available at the state level, and for 24 counties (data is not available for 12 counties)

I have posted a PDF HERE and an Excel version HERE; the Excel version is also embedded below.(Scroll to the right to see all columns).

This is the FIRST LIHTC tenant demographic reporting I have seen anywhere in the country that includes some detailed county level data; congrats to OHCS for their leadership. 

[Readers may recall my prior post of the first statewide LIHTC tenant demographic data from the Vermont HFA]. 

The data source is statutorily required annual submissions from individual projects that are then edited and sent by OHCS to HUD. A total of 3,759 households were included in this survey.

Racial Head of Household Mix, Using a Subtotal of 3,500 households (excluding the 259 HH's who  refused to provide racial information (see "LIHTC Minority Percentages" worksheet):
  • 74% of heads of household had a white head of household.
  • 23% of heads of Household were African American OR Asian OR Pac Islander OR Native American OR 2 or More Races. (Washington county has the highest percentage of this subtotal at 53%).
Other Heads of Household Data, using full survey total of 3,759 households:
  • 61% of households had a woman head of household. (Jefferson county had the highest percentage of this subtotal at 85%).
  • 29% of households had a Hispanic head of household. (Hood River county has the highest percentage of this subtotal at 82%).
  • 21% of households had an elderly head of household. (Clatsop county had the highest percentage of this subtotal at 59%).
  • 7% of households had a disabled head of household.(Multnomah county had the highest percentage of this subtotal at 19%).
  • $19,536 was the average reported household income.

Originally created and posted on the Oregon Housing Blog.

Tuesday, December 2, 2014

New Oregon Tax Expenditure Report: Mortgage Interest and Property Tax Deductions Expected to Cost $60 Million More in Coming Biennium; Top 20% of Filers Get 62% of Benefits.

Readers may recall a prior post HERE showing the share of Oregon income tax revenue lost by income group quintiles because of the mortgage interest and property tax deductions. 

The chart in that post indicated that 61% of the revenue loss went to the top 20% of full time filers. 

I have prepared an Excel workbook HERE with updated information from the 2015-2017 Tax Expenditure Report.   

The workbook shows that 
  • The top 20% of filers continue to claim 62% of the total tax savings/income tax lost from the MID and Property tax deductions.
  • The projected total revenue loss from the MID and property tax deductions is expected to increase by $60 million [4.5%] over the next biennium to $1.38 Billion. (See "Biennium Revenue Loss" worksheet).

Originally created and posted on the Oregon Housing Blog. 

Monday, December 1, 2014

Sunday, November 30, 2014

Oregon Voucher Data from CBPP: 32K+ Vouchers, $195 Million Annually.

The Center for Budget and Policy Priorities recently posted annual national HUD housing voucher utilization data HERE

I downloaded Oregon data for the last several years and combined into an Excel workbook HERE and embedded below. 

Data includes counts of vouchers in use and $$ spent for vouchers; state, national, and PHA totals in Oregon are included.

  • Average annual per unit subsidy cost for Oregon vouchers in 2013 was $5,961, an 7% increase of since 2008. The national cost increase for the same period was 9.6%. The 14% reported increase for the Lincoln county PHA was the highest reported increase in Oregon.The three Portland metro PHA's in Oregon all reported annual voucher subsidy costs in excess of $7,000 in 2013. Annual voucher subsidy costs for Oregon in 2013 exceeded $195 million, up by $23 million since 2008.
  • The total number of vouchers in use in Oregon in 2013 was 32,749, an increase of 7.6 % from the 2004 number of vouchers in use. (30,431). That was the same rate of increase as the national rate of increase. The reported increase of vouchers in use for Jackson county of 35% was the highest reported increase in Oregon.

Originally created and posted on the Oregon Housing Blog.

Wednesday, November 26, 2014

Redo of My TG Post from 2 Years Ago.

OBG post is HERE

Happy to be around to celebrate another Thanksgiving and I hope that you are surrounded by friends and loved ones.