by Bryce Johnson, Home Builders Association of F-M CEO
Your HBA of F-M is closely monitoring activities related to a F-M Housing Needs Analysis and Strategies report released over the summer. We are excited to assist and collaborate with regional leaders as they develop plans addressing the housing shortage crisis we all face. It is our hope that our region takes an action-oriented approach to the challenges identified in the study.
At the FMWF Chamber of Commerce's July Eggs & Issues event, I was honored to be part of a panel discussion representing your HBA. Please take a few moments to browse the overview of key takeaways presented by Erin Lonoff, HR&A Advisors, the study's senior consultant.
Arguably the most shocking statistic: the analysis highlights a need for 16,400 additional housing units over the next 10 years. It also emphasizes the necessity for a region-wide partnership to tackle housing challenges. As a builders association, we see a strong need for more investment and incentives for partnerships between public and private entities.
First, a little background: this study is the result of a community-wide effort between Metropolitan Council of Governments, Fargo, Moorhead, West Fargo, Horace and Dilworth, and a broader group of local stakeholders.
The goals of the study are: to promote regional coordination for housing strategies and educate city and county staff, elected officials and residents on key housing challenges. It also focuses on helping current residents stay, grow and age in the region and accommodating our new population and job growth by supporting a diversified housing stock.
The panel in July discussed the need for education among potential homeowners. It is worthy to note that supporting current residents and promoting homeownership along with inviting new residents to the area, has the potential to support job growth.
I’d like to highlight a few nuggets of information that are crucial to our industry in being able to offer the critical housing types:
The good news is that HBA of F-M, community builders and regional leaders are already collaborating to answer these very questions. We are hopeful to be part of the conversation as our region continues to address our housing challenges in innovative ways.
Are you interested in getting involved with the HBA of F-M's advocacy efforts? Reach out to Education & Public Affairs Coordinator Elizabeth Kosel at (701) 232-5846.