1. Volunteers of America National Services
Attainable Housing Coalition Steering Committee
October 24, 2018

2. Volunteers of America, Inc. founded in 1896
Background on Volunteers of America National Services
Volunteers of America, Inc. founded in 1896
31 geographic affiliates covering 46 states and Puerto Rico
Volunteers of America National Services (VOANS)is a separate 501( c)(3) and has a Board of 15 housing and healthcare experts
Faith-based through affiliation with VOA, Inc.

3. VOA Geographic Affiliate Services
Program Service Locations

4. VOANS Housing Portfolio
Largest Not For Profit provider of affordable housing in the country
500 42
173
properties
rental homes
states + Puerto Rico
congressional districts
20,200
270
cities & towns
1,174
units in Florida

5. Components of VOANS Housing Operations
Asset Management
Affordable Housing Development, Construction & Finance
Property Management - National Housing Corporation
Resident Services
Housing Quality & Training
Workforce Housing

6. VOANS Real Estate Capacity
VOANS has programs, staff and systems in place to implement and manage a variety of real estate development and finance programs. It is also uniquely positioned to provide social services and health care under several programs.
Large (real estate development & construction management team) located throughout the country to effectively source and close transactions.
VOANS also has national capacity to provide Asset Management and Property Management services

7. VOANS Workforce Housing Initiatives
Significant unmet need in the US for housing for families at or above 60% AMI
Lack of affordable housing for working families often drives them out farther and father from the locations where they work
Many states are offering incentives to developers to build workforce housing that can be used to assist employers (i.e., Massachusetts established a $100M fund to for workforce housing, Florida’s SAIL program provides gap financing for workforce housing, Minnesota has a funded a workforce housing program, etc.)

8. Employer Assisted Workforce Housing
Employer-assisted housing 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 to help address the affordable housing shortage. The result is a stable local workforce and a healthy local economy.

9. The Employer’s Role Assess Housing Needs Evaluate and Choose Approach:
Project Development – Increase the Affordable Housing Supply
Program Creation – Help Employees Purchase or Rent Housing

10. VOANS Partnerships Coronado Apartments – Dallas, Texas
Built in 1985
264 units (50% 1BR, 50% 2BR)
CDT acquired property as limited partner investor in 2006
Bought out partner in 2011
97%+ occupancy for last 5 years

11. Coronado Apartments Unit/Affordability Mix

12. VOANS Partnership – The Groves at Mile Branch – Covington, LA
Built in 2011; new construction
94 mixed-income rental units
RNDC, a subsidiary of VOANS served as the developer
$25 million development of one, two and three bedroom apartments at various incomes
35 single-family homes – 10 Habitat for Humanity and 25 lease purchase
Catalyst to further neighborhood improvement

13. The Groves Income Mix & Rental Rates
One Bed
Two Bed
Three Bed
% of all Units
Permanent Supportive Housing
$130 5%
40% AMI
$355
$434
$506
15%
60% AMI
$523
$623
$739
48%
Market Rate
$700
$800
$900
31%
100%
# of Units 24 46 94

14. How can we work together?
Next Steps Discussion