Livable Neighborhoods

Goal 3: Create quality and diverse housing options and encourage redevelopment that respects and revitalizes older neighborhoods
Source: Urban Development Department     LN Goal3     5/27/2014
About this measure:
The American Community Survey is the data source for this indicator. It should be noted that not all of the cities listed are of similar size to Lincoln. Thus respective home ownership rates may be viewed differently.
Why this is important:
High rates of homeownership are associated with neighborhood well-being. Homeowners are more likely to be active in community associations and to vote than their renting counterparts in a given geographic area." (Belsky, 2006) Furthermore, engaged citizens raise the collective well-being of a community and the diversity of its future, which is a path that both policy and action can benefit from.
What is being done:
Urban Development offers loans for downpayment and home rehabilitation assistance to qualified low-moderate income first-time homebuyers. Qualified homebuyers must complete homebuyer education courses offered by NeighborWorks Lincoln, have good credit and steady employment.



Source: Planning Department     LN Goal3     4/25/2014
About this measure:
Data reported shows the median family income (MFI) for Lancaster County compared to the US as a whole as reported by the Department of Housing and Urban Development (HUD), and median housing prices for single family detached homes in Lincoln as reported by local and National Multiple Listing Services (MLS). It should be noted that MFI for Lincoln alone is not available, so the comparison is County income to City housing cost. It should also be noted that not all homes are sold through an MLS. Homes that are sold by owner are not included in the data.
Why this is important:
The proportion of a family’s income that is spent on house payments is an indicator of how much income is available for other monthly expenses and for discretionary spending. Housing affordability is an important factor for employers and for workers in deciding whether to move to or remain in the City.
What is being done:
Providing a wide variety of housing choices, from newer suburban homes to older housing stock, ensures that families can find housing that will fit into their budget. The Planning Department monitors the supply of approved lots to ensure that land prices do not become excessive and increasing housing costs (separate indicator).