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Burlington Housing Needs Assessment is Complete

Last week’s Town Meeting began with a presentation from the Housing Partnership Committee. Kerry Donahue, the committee chair, provided an overview of the findings of the Burlington Housing Needs Assessment. Last year Town Meeting members voted to allocate funds for a comprehensive needs assessment as reported by BNEWS.

The Housing Partnership worked with the Metropolitan Area Planning Council (MAPC) to compile a complete report that summarizes key findings about Burlington’s community demographics, housing stock, as well as current and future housing needs.

The report shows that it has become increasingly difficult to find an affordable place to live in Burlington.

According to Donahue, “Home prices have gone up 95% in the last decade, rents are skyrocketing as well, young families aren’t able to get a toe-hold in the market, we have a wide racial disparity in homeownership (84% of homeowners in Burlington are white; only 1% are Black, 1% are Hispanic, and 14% are Asian), and seniors looking to downsize have little to no options to stay in our community.”

You can read the full report here.

The video below summarizes the report’s 5 key findings.

 

Now that the committee has the findings of the assessment, they will be weighing options this fall to recommend to the Select Board.

You can stay informed with the Burlington Housing Partnership Committee on Facebook or visit their website to learn more about the committee and its initiatives.