Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX.

Slides:

Advertisements

Similar presentations

Welcome to... Companion PowerPoint Presentation for the Introduction to Housing textbook.

Advertisements

101 SERIES What is a Public Housing Authority?. 101 SERIES 101 Series Lesson Plan – Who are the Public Housing Authorities – What do they do? – How are.

NEVILLE PLACE AT FRESH POND

The Arlington Partnership for Affordable Housing Our Mission To develop, preserve, own and advocate for quality affordable housing in Arlington, and to.

4/30/20151 Section 8 Project- Based Rental Assistance Program Fort Worth Multifamily HUB.

Supportive Housing: A Community-Based Approach Presented by COMMUNITY HOUSING PARTNERSHIP San Francisco, California.

Preservation: HUD’s Re-Development Program Can be Part of Your Preservation Plan July 28-30, 2014 Hilton Hotel Austin, TX.

Delaware State Housing Authority DSHA FY 2014 Budget Joint Bond and Capital Infrastructure Committee Hearing February 27, 2013 Delaware State Housing Authority.

Snapshot: Affordable Housing Market Fisher Center for Real Estate Conference April 30, 2012 Cynthia Parker, President & CEO BRIDGE Housing Corporation.

2014 MAHRA CONFERENCE REDEVELOPMENT FOR SMALL AND MEDIUM SIZED PHAS.

GOVERNOR’S HOUSING CONFERENCE 2013 Creative Financing Sources/Structures to Produce Affordable Housing.

Presented to Legislative Commission to End Poverty Minnesota Housing Agency Overview December 5, 2007.

1 INNOVATIVE MULTIFAMILY DEVELOPMENTS: REHABS, RENOVATIONS, AND NEW CONSTRUCTION Governor’s Housing Conference September 27, 2013 Chickie Grayson President.

Public Pension Funds and Urban Revitalization October 25, 2005 Hartford, Connecticut Tessa Hebb, Senior Research Associate Lisa Hagerman, Research Fellow.

Buckeye Community Hope Foundation Relevant Qualifications, Resume and LIHTC Experience  Buckeye Community Hope Foundation (BCHF) is a non-profit developer.

The Source for Housing Solutions Using Tax Credits to Create Supportive Housing Holly Denniston-Chase Loan Officer.

Affordable Housing Preservation Summit An Overview of Financing and Servicing Options. Wells Fargo Bank Reine Yazbeck.

How to Finance Affordable Housing with Low Income Housing Tax Credits July 10, 2007.

Commonwealth Housing Forum 2004 Presentation by Milton R. Pratt, Jr. HUD Regional Director Wednesday, December 15, 2004.

Alabama A&M University (AAMU) Community Development Corporation (CDC) 1 Building Affordable Housing The Olympia Gardens Experience  The ability of an.

Cobblestone Terrace Kris Clements John Lewis Community Services Davenport, Iowa.

Benefits and Services for Seniors in New York City NEW YORK CITY DEPARTMENT FOR THE AGING Diane Rose, September 17, 2008.

1702 Paris Street Apartments Presentation at Colorado NAHRO Conference Pueblo - May 13, 2015.

Housing Partnership Network. Alliance of 87 high performing nonprofits 600,000 affordable homes created 2 million low - income families served Foster.

Non-Profit and Public Housing Partnerships National Association of Latino Community Asset Builders Presented by Lourdes Castro Ramirez, President/CEO San.

HOW DO YOU SPELL HOUSING? P-H-A Workshop Presentation February 8, 2007 National Conference on Ending Family Homelessness By Hazel Weiss, M.A., HCD Manager.

Affordable Housing 101 Vermont Housing Conference November 18, 2008.

Gap Financing Tools for Affordable Housing A presentation to the Virginia Housing Coalition Housing Credit Conference September 5, 2013 VHC Sept

Utah Housing Corporation Low-Income Housing Tax Credit Program Presentation By W. Robin Kemker LIHTC Technical Specialist Utah Housing Corporation.

Partnering for Housing: Working with Public Housing Authorities, Community Development Corporations and Housing Finance Agencies Norm Suchar National Alliance.

1 Who is Northcountry Cooperative Development Fund (NCDF)? Started in 1978 Community Development Finance Institution and a cooperative specializing in.

What is permanent supportive housing? PERMANENT SUPPORTIVE HOUSING permanently ends chronic homelessness with its costly, revolving door placements for.

National Association of Local Housing Finance Agencies Housing Trust Fund November 6, 2015.

Housing Resources October 28, 2015 Laura Rye – Community Investment Relationship Manager.

CITY OF BEND | ENVIRONMENTAL JUSTICE IN AN URBAN AREA JIM LONG, AFFORDABLE HOUSING MANAGER HOUSING LAND ADVOCATES 2015 CONFERENCE, NOVEMBER 6, 2015.

OneMECK Affordable Housing Overview January 5, 2016.

Washington Oaks a Rental Rehabilitation Program Project CITY OF KNOXVILLE FUNDED WITH HOME AND CDBG FUNDS.

Overview of the Housing Tax Credit Program 2015 Nebraska NAHRO Conference.

FINANCE DEPARTMENT TAX EQUITY AND FISCAL RESPONSIBITY ACT (TEFRA) PUBLIC HEARING RELATED TO THE NORTHWEST MANOR 1 APARTMENTS October 20, 2014 VIC ERGANIAN.

The Peaks at Chapin Resource Housing Group, Inc. Chase Northcutt.

RENTAL ASSISTANCE DEMONSTRATION PROGRAM Presented By: The Michaels Development Company 3 East Stow Road, Suite 100, PO Box 994 Marlton, NJ (O) ;

Asset Management’s Seat at the Table or Creating an Asset Management Organizational Culture Presented by: Molly Rogers Director of Asset Management May.

CITY AND COUNTY OF SAN FRANCISCO MAYOR EDWIN M. LEE Presentation By: Mayor’s Office of Housing and Community Development May 20, 2015 Budget and Finance.

ABC’S OF HOUSING Florida Supportive Housing Coalition Fundamentals of Supportive Housing April 4, 2016 abilityhousing.org.

What is LIHTC? A housing subsidy program for low-income rental housing Created within Section 42 of the Internal Revenue Code A federal income tax credit.

New Directions in Housing for People Living with Intellectual and Developmental Disabilities Martin Dunn, Dunn Development Corp. InterAgency Council of.

1 The $100 Million Partnership: Collaborating for a Record Housing Investment in 2014 NCSHA 2015 Annual Conference.

MONTECITO TOWNHOMES 70 Low-Income Rental Units (Tax Credit Gap Financing & Article XXXIV) City of Stockton Housing and Redevelopment June 28, 2005.

Housing Challenges in Lancashire September On-going Issues Deprived neighbourhoods with very poor housing conditions (mostly privately rented),

Multifamily Programs Overview SHNNY June 2, 2016.

The Benefits of Tax Credits and How They Work July 6, 2016 Midwest Lenders LIHTC Workshop.

Affordable Housing What is affordable housing?.

THE SUPPORTIVE HOUSING NETWORK 2017 ANNUAL CONFERENCE Preservation Panel June 1,2017 Arlo M. Chase Services for the UnderServed.

Financing & Building Affordable Housing: A How To Session for Local Developers New to the Game

Oklahoma Housing Finance Agency

Overview of Tapestry Development Group

Affordability and Quality of Life on the Peninsula: Affordable Housing

REACH Funding Intiative

Bifurcated Structures for Mixed-Income Financing

Funding of Naturally Occurring Affordable Housing

NC Affordable Housing Conference 2017

DAVE WRIGHT APARTMENTS

Oakland Housing Authority MTW Conference May 2, 2018

Getting the Most Out of Alternative Financing Sources

Review of Planning Department November 19, 2018

San Diego Housing Commission Final Bond Authorization for West Park

Repositioning Year Properties

Volunteers of America National Services

May 15, 2018 Kerry Smyser, DCHA Jeff Lines, TAG Associates

Rural Housing Resources: Public-Private Partnerships (P3s) for Housing

Presentation transcript:

Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX

Presenters Moderator JOT Couch, Texas Inter-Faith Panel Members Roland Broussard, Realtex Development Corp. Ellie Miles, Portfolio Resident Stephanie Naquin, TDHCA Blanca Ramirez, Hudson Housing

Blanca Ramirez Hudson Housing Capital (212) Supportive Resident Services: Challenges and Rewards

Financing Mixed Financing Models Mixed Use Mixed Income Integrated Supportive Housing Partnerships Joint Ventures Government Partnerships Opportunities and Challenges

Mixed UseMixed Income Integrated Supportive Housing Partnerships

Multiple Sources Multiple Partners Multiple funding agencies providing capital and rental subsidies Multiple investors with varied end goals Debt Financing 4% vs. 9% tax credit projects Permanent, hard loans, etc. Limited Resources

Real Estate Developers Community Owners Subsidy Providers Financers Service Provider Property Management

Positive Supportive Housing Outcome Tenants stay housed Tenants are satisfied with the services and housing Tenants increase their income and employment Tenants improve their physical and mental health Tenants have social and community connections

Castle Gardens - Harlem, New York 50 studio units - homeless individuals 13 one-, two- and three-bedroom units for homeless families with at least one member who is formerly incarcerated; 50 studio to three-bedroom apartments affordable to community residents and families earning 50-60% of Area Median Income 1 apartment for live-in superintendent. Developer/Servicer Provider: The Fortune Society Co-developer: Jonathan Rose Companies Development Budget: $43 Million

Capital Sources Low Income Housing Tax Credits NYS Housing Finance Authority Subsidy Homeless Housing Assistance Program NYC Supportive Housing Loan Program Mayor’s Fund NY City Council Borough President Capital Funds NYS Energy Research Development Authority Enterprise Green Communities Rental Subsidy 76 Units - Project Base Section 8 35 Units - New York/New York III Supportive Services Cash Flow from Rents Department of Homeless Services Subsidy New York/New York III

Fairview Village – Phoenixville, PA 11 low-income units at 60% AMI 25 public housing units 1-,2- and 3-bedroom units Designated for incomes between 20% AMI to 60% AMI 6 SH Units (Mental Health) Developer: Pennrose Properties Co-Owners: Pennrose Properties and Housing Authority of the County of Chester (“HACC”) Development Budget: $9 Million

Capital Sources Low-income Housing Tax Credits Equity Owner/Housing Authority Chester County Department of Community Development Rental Subsidy 25 Units - Public Housing Authority ACC Funds Supportive Services Cash Flow from Rents Chester County Department of Human Services

Montabella Pointe- San Antonio, TX 36 one-bedroom units: designated for incomes between 30% AMI to 60% AMI 72 two-bedroom units: designated for incomes between 30% AMI to 60% AMI 36 three-bedroom units: designated for incomes between 30% AMI to 60% AMI Developer/Servicer Provider: Housing and Community Services, Inc. Development Budget: $18 Million

Capital Sources Low Income Housing Tax Credits Equity TCAP Bexar County HOME Loan City of San Antonio Funds Rental Subsidy None Supportive Services Cash Flow from Rents

Blanca Ramirez Hudson Housing Capital (212) Questions….