Employer Assisted Housing Shelly Tucciarelli/Turtle Clan Development Services & Josie Kotsioris/Baker Tilly December 6, 2016

Turtle Clan Development Services Speaker Shelly Tucciarelli Turtle Clan Development Services Shelly Tucciarelli has over 20 years of experience in management, training, administration and development of affordable housing and community development. Shelly is a Native American tribal member of the Oneida Nation of Wisconsin, and owns Turtle Clan Development Services. Shelly provides real estate development services and affordable housing consulting services. TCDS focuses on professional services to increase the supply and quality of housing and economic development in Indian Country nationwide. Turtle Clan Development Services/Baker Tilly

Speaker Josie Kotsioris Baker Tilly Josie Kotsioris, Senior Manager of Affordable Housing and Community Development Services with Baker Tilly and leads the Chicago team, She works with a broad array of clients and staff serving communities nationwide. She focuses on a national portfolio of clients including developers, communities, local governments, housing authorities, investors and community based lenders. Josie has over 20 years of affordable housing and real estate experience. Before joining Baker Tilly in 2007 Josie spent thirteen years working for the Illinois Housing Development Authority (IHDA). In her former position she ran the tax credit programs for IHDA, which is the tax credit allocating agency for the State of Illinois. She is a nationally recognized speaker and is considered a “can do” force in the affordable housing industry. Turtle Clan Development Services/Baker Tilly

Course Description The Employer Assisted Housing (EAH) Programs are being utilized by many companies, such as hospitals, colleges and casinos. Employer Assisted Housing Program is a benefit offered by the employers to its employees to enable them to purchase homes or receive an affordable rental unit. The Employer Assisted Housing Programs benefits can vary from different employers. The EAH Program enables employees to realize the dream of home ownership sooner than they might think or receive a discount on their rent.  In the process, the employer builds a loyal base of employees living in important neighborhoods near their job. Employees can be part of the rebirth of the neighborhood in close proximity to work. Turtle Clan Development Services/Baker Tilly

Course Objectives After this session, attendees will know: What is the Employer Assisted Housing(EAH) program What Employers are using the EAH program How the EAH program works Who is eligible for the EAH program Who benefits from the EAH program Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Power Point Presentation available Reference Material Time of Q & A’s Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Substantial need for all types of housing in Indian Country Multifamily housing Elder housing Veteran housing Supportive housing Employer Assisted housing Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program What is Employer Assisted Housing (EAH)? Employer-assisted housing (EAH) is any housing program-rental or homeownership – that an employer finances or assists in some way. Communities face increasing pressure to provide more housing for local employees. Employers can work in partnership with their communities and tribal leaders to help address the affordable housing shortage. The result is a stable local workforce and a healthy local economy. Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Why do Employers Participate in Affordable Housing Allows an employer to expand operations and recruit new employees. Increases stability in the workforce as turnover decreases. Reduces absenteeism, tardiness, and stress as commuting times decrease. Raises morale and increases productivity. Improves community relations as employers contribute to affordable housing. Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Why do Employers Participate in Affordable Housing Helps stabilize deteriorating neighborhoods. Improving or replacing dilapidated housing in a company’s immediate neighborhood can have positive effects on a firm’s property values and address safety issues for employees. Offers opportunities for a return on an employer’s investment when structured appropriately through partnerships with developers. Can leverage matching funds from public and private funders that support employer-assisted housing. Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program What is the Employer’s Role Evaluate Housing Needs of Employees and Community through Studies, Surveys, Tribal council meetings and Focus Groups Examine Employer Participation Options Assess Local Housing Capacity and Resources Determine the Best Strategy for Involvement Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program How the Employer becomes Involved in Affordable Housing Assess Housing Needs Evaluate and Choose Project Development – Increase the Affordable Housing Supply Program Creation – Help Employees Purchase or Rent Housing Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Employer Project Development – Increase the Supply of Affordable Housing Assemble Development Team Conduct Project/Site Planning Obtain Tribal Council Support/Approval Assemble Financing Build & Market Project New Development Project Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Assemble Development Team Developer General Contractor Architect Attorney Property Manager Consultants/Accountants Construction Lender Permanent Lender Grants/TIF/Other soft funds Equity provider – If using Low Income Housing Tax Credits Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Conduct Project/Site Planning Choose Site Complete Budget Determine Infrastructure needs How Many Units Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Obtain Tribal Council Support/Approval Have internal tribal leader and tribal member meetings Design project approval to move forward Housing Developed and Owned by Employer (Tribe/Casino) Might be joint venture – still owned by tribe Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Assemble Financing Tribal & Employer (Casino) Funds Cash Contributions - Charitable or Corporate Equity Contributions Donation of Land Mortgage Financing Low interest and/or deferred loans Construction Financing Public/Private Funds Low Income Housing Tax Credits Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Low Income Housing Tax Credits – How it works Federal Government funds the program – IRS Allocated to State Finance Housing Agencies Developers get funds toward affordable housing project Low-income renters get an affordable home Investors purchase a 10-year tax credit Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Build and Market Project Complete construction of new project Lease up units Employees Casino Health Center Other Tribal employees Tribal members Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Employer Assisted Housing Program Creation Commit Funds to the Program Set Program Requirements Work with Partners Obtain Matching Funds Market to Employees Homeownership or Rental Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Commit Funds to Program Tribal funds Casino funds Funds from other sources Capital campaign Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Set Program Requirements Loan/Grant terms Employee Requirements Dollar Amounts Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Work with Partners Homebuyer Educators/Counselors Lenders Realtors Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Obtain Matching Funds Local Government State/Federal Funds Other Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Market to Employees Homeownership Downpayment/Closing cost assistance Rental Rent subsidies Help with applications, credit, moving costs, deposits, and/or possible rent guarantee or sublease Turtle Clan Development Services

Employer Assisted Housing (EAH) Program Reference Material for EAH program: Memorandum of Understanding – MOU Eligibility Application Release of Information Intake form 2 Most recent paycheck stubs Most recent W-2 form Eligibility announcement letter http://www.nhschicago.org/eahguidebook/index.html Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Final Key Notes: Planning Communication Implementation Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Benefits of Employer-Assisted Housing Program Employer benefits Worker Family benefits Community benefits Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Employer Benefits Employee recruitment Stable workforce Employee productivity Human resource savings Civic leadership Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Worker Family Benefits Home and family stability Reduced commute time and expense Better work performance Child school performance higher Lower housing cost Turtle Clan Development Services/Baker Tilly

Employer Assisted Housing (EAH) Program Community Benefits Housing needs met in local community Stability in community Reinvestment in community Engagement in community Leveraging of resources Civic impacts Turtle Clan Development Services/Baker Tilly