RURAL HOUSING PERSPECTIVES Joe Belden, Housing Assistance Council. Southern Legislative Conference Oklahoma City, Oklahoma July 12, 2008

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1 RURAL HOUSING PERSPECTIVES Joe Belden, Housing Assistance Council Southern Legislative Conference Oklahoma City, Oklahoma July 2, 28

2 Section 52 Guaranteed Homeownership Loans Obligation State ALABAMA ARKANSAS FLORIDA GEORGIA KENTUCKY LOUISIANA MARYLAND MISSISSIPPI MISSOURI NORTH CAROLINA OKLAHOMA SOUTH CAROLINA TENNESSEE TEXAS VIRGINIA WEST VIRGINIA 657, ,342,572 83,452, ,4, $67,68 $48,472 $,322 $54,866 $25,25 $8,893 $32,553 $49,649 $7,583 $6,92 $68,68 $34,828 $4,688 $34,646 $2,34 $52,74 National Total 35,322 $3,663,597

3 Persistent Poverty Counties, 96-2 US States Persistent Poverty Status Source: USDA ERS and HAC Tabulations of 2 Census of Population and Housing, Demographic Profile 3. Persistent Poverty County

4 Homes in or Near Foreclosure - April 28 State ALABAMA ARKANSAS FLORIDA GEORGIA KENTUCKY LOUISIANA MARYLAND MISSISSIPPI MISSOURI NORTH CAROLINA OKLAHOMA SOUTH CAROLINA TENNESSEE TEXAS VIRGINIA WEST VIRGINIA Units ,883 58, , ,278 29, ,76 78,248 25, Source: Realtty trac, July 28 l

5 State Rural % Rural Population Alabama,769, Arkansas,36, Florida,34, Georgia 2,362, Kentucky 2,72, Louisiana,35, Maryland 527,3 9.4 Mississippi,822, Missouri 2,2, North Carolina 3,24, Oklahoma,468,9 4.4 South Carolina,98, Tennessee 2,3, Texas 3,7, Virginia,589,43 2. West Virginia,32,

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7 Rural Poverty Total Persons % Total Rural Persons in % Rural State in Poverty Poverty in Poverty Poverty Alabama 698, , Arkansas 4, , Florida,952, , Georgia,33, , Kentucky 62, , Louisiana 85, , Maryland 438, , Mississippi 548, , Missouri 637, , North Carolina 958, , Oklahoma 49, , South Carolina 547, , Tennessee 746, ,98 5. Texas 3,7, , Virginia 656, , West Virginia 35, ,74 9.8

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9 Homeownership Rate State Total Homeownership % Rural Homeownership % Alabama Arkansas Florida Georgia Kentucky Louisiana Maryland Mississippi Missouri North Carolina Oklahoma South Carolina Tennessee Texas Virginia West Virginia

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11 2.4 84, ,232 West Virginia , ,37 Virginia , ,443 Texas , ,666 Tennessee 27.4, ,32 South Carolina , ,678 Oklahoma , ,555 North Carolina 5.2 5, ,39 Missouri , ,52 Mississippi 6.7 2, ,48 Maryland 2.7, ,92 Louisiana 2. 74, ,63 Kentucky , ,649 Georgia , ,72 Florida , ,29 Arkansas , , Alabama Homes Homes State % Manufactured % Manufactured Rural Total Manufactured Homes

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13 .36 5,63. 7,45 West Virginia.57 9, ,55 Virginia.3 3, ,853 Texas.93 7,8.64 4,34 Tennessee.95 3, ,52 South Carolina.7 4,3.56 7,546 Oklahoma.8 9, ,295 North Carolina.86 6,57.54,923 Missouri.2 6, ,5 Mississippi.72, ,33 Maryland.78 3,762.65,77 Louisiana.4, ,947 Kentucky.8 6, ,7 Georgia.58 2, ,34 Florida.2 5, ,327 Arkansas.86 5,726.63,5 Alabama % Lacking Plumbing % Lacking Plumbing State Rural Units Total Units Inadequate Plumbing

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15 Housing Affordability State Total Cost Burdened Households (%) Rural Cost Burdened Households (%) Alabama Arkansas Florida Georgia Kentucky Louisiana Maryland Mississippi Missouri North Carolina Oklahoma South Carolina Tennessee Texas Virginia West Virginia

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17 High Cost Loans Total Rural State High Cost Loans % High Cost Loans % Alabama 37, , Arkansas 2, , Florida 9, , Georgia 83, , Kentucky 26, , Louisiana 37, , Maryland 59, , Mississippi 26, , Missouri 54, , North Carolina 56, , Oklahoma 28, , South Carolina 3, , Tennessee 5, , Texas 59, , Virginia 6, ,6 6.4 West Virginia 9, ,

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19 Decline in USDA Housing Programs Selected USDA Rural Housing Program Production FY FY 25 Units Built Section 55 Rental Housing Units Section 52 Homeownership Units

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21 Section 52 Direct Homeownership Loans Obligation State ALABAMA ARKANSAS FLORIDA GEORGIA KENTUCKY LOUISIANA MARYLAND MISSISSIPPI MISSOURI NORTH CAROLINA OKLAHOMA SOUTH CAROLINA TENNESSEE TEXAS VIRGINIA WEST VIRGINIA $23,39 $22,69 $54,624 $4,54 $42,838 $35,74 $9,33 $34,5 $33,566 $44,347 $2,63 $2,75 $4,83 $46, $3,667 $7,988 National Total,448 $,28,329

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23 $35,77 5,939 $37,6 6,447 National Total $ $476 7 WEST VIRGINIA $ $ VIRGINIA $, $2, TEXAS $ $93 24 TENNESSEE $469 6 $692 8 SOUTH CAROLINA $35 53 $ OKLAHOMA $2, $, NORTH CAROLINA $2,8 346 $92 25 MISSOURI $, $2, MISSISSIPPI $237 3 $ MARYLAND $97 53 $5,37 42 LOUISIANA $2, $97 95 KENTUCKY $,4 44 $,7 77 GEORGIA $ $, FLORIDA $682 3 $763 5 ARKANSAS $,88 65 $,96 95 ALABAMA State Obligation Loans Obligation Grants Section 54 Rehab Loans Section 54 Rehab Grants

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26 $78,784 8 $2,4 24 National Total $ $ WEST VIRGINIA $392 5 $ VIRGINIA $78 $ TEXAS $865 4 $ TENNESSEE $6,28 2 $8 SOUTH CAROLINA $2,3 5 $, OKLAHOMA $8,883 6 $225 NORTH CAROLINA $542 2 $ MISSOURI $586 2 $, MISSISSIPPI $ $ MARYLAND $3,3 4 $ LOUISIANA $ $ KENTUCKY $2,653 2 $ GEORGIA $,435 2 $ FLORIDA $476 $, ARKANSAS $ $ ALABAMA State Obligation Loans Obligation Loans Section 55 Rental (Rehab) Section 55 Rental (New)

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29 $3,43 93 National Total $34 WEST VIRGINIA $ VIRGINIA $23 TEXAS $47 3 TENNESSEE $25 SOUTH CAROLINA $345 3 OKLAHOMA $49 3 NORTH CAROLINA $83 2 MISSOURI $ MISSISSIPPI $472 MARYLAND $492 2 LOUISIANA $25 KENTUCKY $25 GEORGIA $,69 FLORIDA $86 6 ARKANSAS $ ALABAMA State Obligation Grants Section 523-Self-Help

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31 Section 538 Guaranteed Rental Loans Obligation State ALABAMA ARKANSAS FLORIDA GEORGIA KENTUCKY LOUISIANA MARYLAND MISSISSIPPI MISSOURI NORTH CAROLINA OKLAHOMA SOUTH CAROLINA TENNESSEE TEXAS VIRGINIA WEST VIRGINIA $2,445 $,5 $7 $3,925 $2,9 $ $3,97 $ $ $8 $,24 $ $8,84 $4,33 $ $4,55 National Total 86 $9,356

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