COMMUNITIES A PARTNER TO 2020 Levy Request County Board Workshop August 13, 2019

Strategic Initiatives Building strong communities where everyone has an opportunity to succeed. BUILDING OUR FUTURE SERVING OUR SENIORS Communities prosper only when people of all income levels and life stages have a range of living options. A place to call home offers seniors an opportunity to live and grow with independence and dignity. HOUSING CHOICES ECONOMIC DEVELOPMENT People with unique challenges need stable housing to provide a secure and stable place for themselves and their children. Creating jobs and business activity makes the pie larger and helps to hold the line on residential property taxes.

Building Our Future Create 300+ new units of workforce housing Increase homeownership services Add 10 new Supportive Housing Units To be a vibrant and growing community, a good mix of jobs at a variety of wage rates is needed as well as enough housing that is affordable to all income levels so that those who work in the county can also call it home. This will help ensure that businesses that want to grow and expand will have a reliable labor force to fuel it. Available affordable housing is critical to that effort to attract and retain a talented workforce. 250 by when? Access home ownership opportunities Add units for households that need supportive services We also help encourage successful homeownership in Washington County through homebuyer education and foreclosure prevention counseling.

Serving Our Seniors Implement Resident Service Plan at The Glen at Valley Creek Engage developers and communities Strategic use of Housing Infrastructure Bonds and other resources

Housing Choices Partner with Community Services Department on programs to house people with unique challenges Expand housing choices through landlord outreach and applying for new program funding Preserve existing affordable housing

Economic Development Promote development opportunities Create shovel-ready sites Leverage private investment through the Open to Business and the Predevelopment Finance Fund In addition to housing, the CDA helps communities grow businesses and create jobs. That means raising the visibility of our 33 unique communities, letting brokers and realtors know about available sites, and providing expertise and financing to new and existing businesses. We are working on an exclusive website that would promote the assets and benefits of having a business in the county and at the same time connect site selectors to our communities.

Programs by Initiative BUILDING OUR FUTURE ECONOMIC DEVELOPMENT SERVING OUR SENIORS HOUSING CHOICES Financing tools for affordable housing & redevelopment programs Homeownership programs GROW program Open to Business Pre-development finance fund Marketing and promotion “Age Friendly Housing” program to create new senior housing Rental assistance for families, veterans, seniors, and persons with disabilities We also work with communities and developers to secure the capital needed to make housing and economic development investments happen. In addition, our programs providing affordable housing and assisting renters, homebuyers, and homeowners help to create housing choices for our seniors and work force. More than 150 homebuyers and owners participate in the CDA’s homeownership education, counseling, and home improvement programs each year. The CDA serves over 500 households annually with rental assistance, or about 1,400 people; 50 percent are children.

Our Services and Expertise Community Development Expertise CDA Senior and Workforce Housing Technical Expertise Program Administration 538 affordable senior housing units 608 affordable workforce housing units Match community needs with housing and economic development resources Assist communities with planning and problem solving Recognized for excellence in financial reporting and housing programs The CDA provides resources, advice, and assistance to communities seeking to welcome new businesses or expand their housing options. Properties operated by the CDA provide homes to more than 2,000 Washington County residents, including 500 seniors and 600 families. The CDA refers over 500 contacts from real estate professionals to communities each year.

Where Funding Comes From CDA PROPERTIES Rental revenues $9.8 MILLION GRANT REVENUES Housing assistance payments and funds from other outside sources $6.8 MILLION PROPERTY TAX LEVY $5.4 MILLION Support for agency activities by Washington County taxpayers OTHER INCOME $1.2 MILLION Investment income, TIF revenue, etc.

2020 Budget Changes Impact of… 2020 Budget % Change from 2019 Increase in Operating Revenues $ 179,486 1.14% Increase in Levy $ 185,751 3.6% Reduction in Debt Service $ 213,951 -4.6% Additional Inflows $ 579,188 Increase in Operating Expenses $ 364,821 2.4% Capital Reserve Contribution $ 214,367 562.6% Additional Outflows Cash impact = $520,000 investment income and $500,000 LT capital ($260 levy and $242 properties) Rent increase = $210,000 Revenues include 3.6% levy increase and 2% - 3% rent increases Decrease in expenses due to net decrease in debt service, capital outlay and operating expenses Required reserves include capital improvement reserve, Age Friendly Housing initiative, interest earned on restricted deposits and required cash escrows held in bond trust

Proposed increase $185,751 (3.6% over prior year) Proposed 2020 Levy Summary 2020 Levy Change from 2019 Building Our Future $1,181,219 $50,533 Serving Our Seniors $250,000 $0 Housing Choices $126,900 $50,159 Economic Development $574,762 CDA Properties $2,920,046 $1,946 General Fund $367,050 $83,113 Total $ 5,419,977 $185,751 See Attachment A to the FC memo Rent increase = $210,000 Cash impact = $520,000 investment income and $500,000 LT capital ($260 levy and $242 properties) Proposed increase $185,751 (3.6% over prior year)

Levy Funds – Strategic Initiatives BUILDING OUR FUTURE Create new workforce and supportive housing units, sustain homeownership programs $1.1 MILLION ECONOMIC DEVELOPMENT Marketing/promotion, Open to Business, Predevelopment Finance Fund $575,000 SERVING OUR SENIORS Create additional CDA owned affordable housing for seniors $250,000 HOUSING CHOICES $230,000 Seek grant funding to serve households with unique challenges, engage landlords

90 PERCENT of the CDA’s all-sources budget is invested directly back into Washington County communities –$23 million.

Our Impact Creating Tax Value Creating Housing Stability 911 rental homes built or pending construction through 2021 Estimated +$100 million tax value Home improvement loans keep homes up to code and sustains home values Leverage $25 million of annual private investment for new home buyers Creating Housing Stability Serving more veterans, families, and individuals with disabilities

Our Impact Growing Businesses “Open To Business” success 247 client engagements 19 loans; $5,000,000 private investment $1 public to $17 private leverage ratio Creating Shovel Ready Sites Predevelopment Finance Fund Working with cities to create 340 developable acres Bank, credit union, borrower equity other financing in the project Examples from last report

August 20, 2019 CDA consideration of levy request WE’LL HELP YOU GET THERE. Next Steps August 20, 2019 CDA consideration of levy request Thank you! Our motto is “We’ll help you get there,” because whether you are an individual renter, homeowner, business owner, or community, the CDA is here to partner with you. On behalf of the CDA Board we are grateful for your partnership and we look forward to working together in the next year.