Susan, Almy, NH LegislatureShawn Bard, Ledyard National Bank

Sarah Currier, Dartmouth-Hitchcock Medical CenterDon Derrick, UV Habitat for Humanity

Dennis Driscoll, Lake Sunapee BankAnne Duncan Cooley, UV Housing Coalition

Jonathan Edwards, UV Lake Sunapee Regional Planning CommissionChris Gilman, Service Credit Union

Sam Greene, Real Property AppraiserLynne LaBombard, Housing Solutions Real Estate

Terry Martin, Mascoma Savings BankLoralee Morrow, Two Rivers Ottauquechee Regional Planning Commission

Douwe Wieberdink, Dartmouth College

Who Are We …

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marchjuneseptdec

Available Rental Units in ‘inner’ Upper Valley10,000 Rental Units in the Upper Valley

Rental Data Compiled by the Upper Valley Housing Coalition

“Housing availability and affordability for all residents

are critical components of the overall quality of life and economic stability for

communities in the Upper Valley.”

As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;

1st QTR 2nd QTR 3RD QTR 4TH QTR

Studio – 1 Bedroom units20142015

952916

884954

924 859

2 Bedroom units20142015

13601295

12831315

1271 1273

3 Bedroom units20142015

17751785

18572058

1693 1488

4+ Bedroom units20142015

22552926

20202426

2052 2005

Average Rental Rates in ‘inner’ Upper Valley10,000 Rental Units in the Upper Valley

(Rental Data Compiled by the Upper Valley Housing Coalition)

1st QTR 2nd QTR 3RD QTR 4TH QTR UVHCResidentialRental CostAverage UV

NHHFA ResidentialRental Cost Survey NH

Studio – 1 BR

20142015

952916

884954

924 859 905 ( 5%)935 (5%)

862892

2 BR units

20142015

13601295

12831315

1271 1273 1297 (15%)1305 (13%)

11081157

3 BR units

20142015

17751785

18572058

1693 1488 1703 (23%)1921 (32%)

13071310

4+ BR units

20142015

22552926

20202426

2052 2005 2083 (23%)2676 (41%)

16001587

PROFILE OF A YOUNG PROFESSIONAL

undergraduate or graduate schoolschool loan averages $80,000 - 90,000 upwards to $250,000

leaned to live lean in college have little or no credit card debtmay have a car loan payment

average annual income of $50,000 $4166.67 monthly

25% for housing = $1041.6630% for housing = $1250.00

Total Debt Rule is 43% = $1791.66

FICO of >740

30% of GMI = $1250/mo

Minus: $150 for school loan, $300 for car loan, $200 for property tax, $100 for insurances totals $750/moleaving $500/mo to carry a+/- $100,000 loan

43% of GMI = $1792

Minus $750/mo Leaves $1042/mo to carry a+/- $215,000 loan