GuideBook & Estimating Model For The Development of Community-Based Housing Utah Chapter APA – Spring Conference Copyright 2011

Executive Summary  Why was the UCBHI tool kit created 2007?  HB 295 passed 1996;  Three years later only 20% of communities had attempted a plan;  Six years later 65% of communities had some semblance of a plan;  Eleven years later little had changed (plans created were sitting dormant);  Fifteen years later:  There are Sate and Federal incentives to plan locally and regionally.  Analysis Methods & Statistical Modeling Tools have been created to streamline and standardize the housing planning process. 2Guidebook for the Development of Community-Based Housing, Copyright 2011

Executive Summary Cont’d  Why are we here today?  To bring resources, training and technical assistance to governmental entities which support needs assessment, inventorying of local resources and development of implementation strategies which result in vertical construction of housing units of diverse types in communities of all sizes.  ULI & Fannie Mae Foundation Best Practices, p. 3 3Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview  Section I  Changing Demographics Across the State Of Utah  Familiarizes you with current and future demographic trends and analysis and how these effect housing needs.  Life – Cycle Housing meets changing needs spanning a number of generations, p. 9 4Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview Cont’d  Section II  Formats for Housing Planning  Provides information, outlines and models for your attainable housing assessment and planning process. It sets forth key components of a housing plan and makes recommendations for engaging the entire community in the process.  P. 15 Protecting Local Values through Community-Based Housing  P. 17 Utah Does it Best - National Rural Project of Year, Red Hawk  P. 21 Community Housing Initiative Plan Format  P. 23 Planning Considerations for Rural Areas 5Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview Cont’d  Section III  Attainable Life-Cycle Housing Options  Provides examples of creative design and award winning projects used for the development of detached single family homes, optional condo/townhouse units, multi-family and senior rental properties, as well as supportive housing environments offering assisted living services. (P. 27 Myths, P. 28 Design, p. 29 Sustainable Development).  Best Practices p Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview Cont’d  Section IV  The Community as a Housing Development and Design Facilitator  Provides practical tools, strategies and steps critical to the planning process. How to engage stakeholders and incorporate their feedback, as well as examining creative uses of zoning codes and ordinances enabling strategic implementation.  P. 46 Evaluate Zoning Ordinances,  P. 47 Regulatory Barriers Questionnaire  P Neighborhood Revitalization  P. 62 For or Non-Profit Partners  P. 65 Defining Development Process 7Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview Cont’d  Section V  Financing the Development of Attainable Life-Cycle Housing  Provides examples of leveraged financing tools and their uses.  P. 69 Five Principles for Driving Housing Affordability  P. 100 Best Practices in Production of Affordable Housing 8Guidebook for the Development of Community-Based Housing, Copyright 2011 Tools Private Foundation, Financial Institution & UWFHI Technical Assistance, Housing/Economic Development Baseline Research and Project Market Study Grants Predevelopment Loans Concept to Site Control to Initial Pro Forma to Subsidy Identification Tools Predevelopment Loans Land Acquisition Loans EQ2 Loans Refining Pro Forma to Project Design to Closing Tools Gap, Bridge Loans Debt-ADC Construction Participations Equity Investments Historic Tax Credit Commitments Investment Grade Bonds LIHTC Investments Multi-Family Construction Forwards Public Finance Project Bonds Construction Closing thru Construction Tools Direct Equity Historic Tax Credit Equity Investment Investment Grade Bonds LIHTC Investments Small Multi-Family Perm Loans Large DUS Multi-Family Perm Loans Targeted Mortgage Revenue Bonds Single Family Mortgages Perm Closing to Occupancy

Guidebook Overview Cont’d  Section VI  Utah Community-Based Housing Estimating Model (Software for Tracking Housing Needs & Trends)  Provides instructions on use and interpretation of model results to be used in conjunction with local planning and goals setting.  P. 105 Nine Model Pages; “Sensitivtiy Analysis versus Site Analysis.” 9Guidebook for the Development of Community-Based Housing, Copyright 2011

Guidebook Overview Cont’d  Appendix  Glossary of Terms  Helpful Resources  Sample RFP’s and Ordinances  Bibliography of Helpful Publications 10Guidebook for the Development of Community-Based Housing, Copyright 2011

Housing Estimating Model  Purpose is to address two specific attainable housing issues in either rural or urban communities: 1. Estimate the number of affordable units by income and is there an adequate supply of units attainable to each income group in your community? If not, how are those same households cost burdened? 2. Estimate the affordability “price gap” or difference between income and housing given shelter costs of 30%. This gap then helps to point the way in generating alternative housing opportunities. 11Guidebook for the Development of Community-Based Housing, Copyright 2011

Housing Estimating Model Cont’d  Software Instructions ( Help!)  Quick Start p. 104  9 Model Pages  1. User Input – just one data input page!  2. Data Links – each data input has a coordinating link.  3, Chart 1 – data output page, shows a comparison households by incomes.  4. Chart 2 – data output page, shows a summary of housing supply (plus/minus) by income group; shows degree of mismatch between cost of housing stock and incomes. 12Guidebook for the Development of Community-Based Housing, Copyright 2011

Housing Estimating Model Cont’d  Software Instructions  9 Model Pages  5. Summary – data output page demonstrating two approaches to the evaluation process; gap by incomes and then by specific local jobs.  6. Summary 2 – data output page; placeholder for reports #1-7  7. NAICS Information – North American Industry Classification System; tracking mechanism for job types in a community.  8. # Households by Income Group – reference material for households by income for each Utah County and many municipalities; certain small population centers may themselves by excluded by law for reasons of confidentiality; information used on data input page.  9. Assessor Data Request Form - a key data set on number of dwellings by type and market value which must be; it is recommended you seek AOG assistance in seeking this data and validating it. 13Guidebook for the Development of Community-Based Housing, Copyright 2011

Housing Estimating Model Cont’d  Rural/Urban Community Considerations on Usage  Approach 1 - based on share of County level computations at end of the process.  Approach 2 – based on percentage calculations at each step based on percentage population distributions at beginning of the process.  Sensitivity Analysis versus Site Specific /Project Approach.  Importance of County or Regional planning to meet local needs and financial feasibility based on current market restraints on underwriting parameters and access to federal funding programs.  Informed and reasoned interpretation of the findings!  For support call LCDII, Marci Milligan Guidebook for the Development of Community-Based Housing, Copyright 2011