1. What Lenders Can Bring to the Table
Florida 2019 Supportive Housing Summit
Jen Trepinski, Director of Loan Originations
@jentrep

2. Maximizing Public Resources
CSH collaborates with communities to introduce housing solutions that promote integration among public service systems, leading to strengthened partnerships and maximized resources.
Public Systems
Maximized Resources
How many of you attended lunch yesterday and heard Anand speak? One section toward the end, struck me when talking about getting to scale – tell me what Billionaire, what individual, what philanthropy has done more for seniors than social security.
Similarly, CSH sees the value of aligning solutions to publics systems. Today we’re going to talk about a couple different ways resources are being aligned with local and state funding.
CSH engages vital public systems to adopt supportive housing, allowing for the shifting of public resources.
System change is an evolving, iterative process that can take years, but CSH is expert at coordinating change on a faster timeline. We know that to best serve the men, women and families in most need, there must be a high degree of integration among service providers, property owners and managers, and the array of public agencies that fund these projects.
CSH blends our experience and dedication with a practical and entrepreneurial spirit, uncovering ways to move forward even in the most complex environments, so our partners can achieve stability, strength and success.

3. Consulting & Assistance
What We Do
CSH is a touchstone for new ideas and best practices, a collaborative and pragmatic community partner, and an influential advocate for supportive housing.
Lines of Business
Training
& Education
Policy Reform
Consulting & Assistance
Lending
Powerful capital funds, specialty loan products and development expertise
Research-backed tools, trainings and knowledge sharing
CSH offers capital, expertise, information and innovation that allow our partners to use supportive housing to achieve stability, strength and success for the people in most need.
Custom community planning and cutting-edge innovations
Systems reform, policy collaboration and advocacy

4. Project Initiation Loan
CSH Lending Products
Project Initiation Loan
Predev’t Loan
Acquisition Loan
Max
$50k-$100k
$300k-$500k
$5M
Interest Rate
0% 2 years 6%
LTV NA
130%
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5. CSH New Markets Tax Credits
4 awards totaling $180M
Focus on healthcare for supportive housing populations
Qualified Census Tract
Minimum $5M Total Development Costs
CSH New Markets Tax Credits
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6.
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7. 2019 QAP Analysis Recs Prioritize threshold and set-aside requirements
Include requirements for ELI units
Allocate tax credits for supportive housing
Include accessible service enrichments
Adopt Dimensions of Quality
2019 QAP Analysis Recs
While HFAs often go beyond the statutory requirements of the tax credit program, the QAP should be considered alongside other state strategies for developing affordable supportive housing
1. Prioritize Threshold & Set-Aside Requirements
Although many HFAs use threshold (63% of states) and set-aside (50% of states) requirements, 93% create scoring incentives that provide varying numbers of points for integrating specified categories. The difference is even greater within categories that prioritize vulnerable individuals served by supportive housing, with under half of states putting forth specific requirements compared to 85% using scoring incentives.
2. Include Requirements for Extremely Low Income Units
While 81% of HFA encourage the development of units for those at or below 30% through scoring incentives, less than 10% actually require consideration for this cohort. BEWARE of UNFUNDED MANDATES
3. Allocate Tax Credits for Supportive Housing
Only four QAPs reserve a designated amount of tax credit allocations explicitly for the purpose of supportive housing. These amounts range between 5% and 30% of the total LIHTC available in the state.
4. Include Accessible Service Enrichments
Approximately two-thirds of HFAs incentivize service enrichments, with about a third of those required through thresholds and set-asides.
5. Adopt Dimensions of Quality HFA should require applicants to integrate the dimensions of quality into their development. Quality supportive housing is housing that is – (1) tenant-centered, (2) easily accessible to tenants of all backgrounds, (3) coordinated amongst housing partners with an shared goal, (4) integrated with voluntary services and community connections, and (5) sustainable over time. HFAs can integrate these dimensions of quality into the QAP process by requiring developers to, at minimum, submit a Commitment to Quality checklist as part of the application. The Dimensions of Quality Supportive Housing is a national standard creates by CSH and based on two years of research with communities across the country. Additional information on the Dimensions of Quality Supportive Housing can be accessed at
CSH is currently piloting this tool in several communities. A downloadable overview of the Commitment to Quality Checklist can be accessed
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8. Promoting SH In Communities
Develop Housing Taskforce
Supportive Housing Needs Assessment
Equitable Access
Layer Housing and Services Subsidies
Key Performance Indicators and reporting on progress
Promoting SH In Communities
Develop a Housing Taskforce
HFA must recognize that LIHTC are not enough to sufficiently meet the demand for supportive housing. Additional funding and service resources exist within other state agencies and can be used collectively as part of a comprehensive approach addressing the supportive housing gap in the state.
2. Conduct a Supportive Housing Needs Assessment
As a first step, the Housing Taskforce should conduct a thorough housing needs assessment, with a specific focus on supportive housing. This should include total number of needed units in each community across the state and details on specific vulnerable population. The taskforce should leverage the administrative data across state
3. It is important for HFAs and state agencies addressing the housing needs of vulnerable individuals to acknowledge the history of racism in housing policies. To shift this paradigm, the state must address implicit biases in budgetary, programmatic, and policy decisions. As an initial step, the Housing Taskforce must include persons with lived experience in the systems it is serving as critical stakeholder. Rothstein, R. (2018). The Fair Housing Act at 50: Not Sufficiently Powerful to Reverse Residential Racial Segregation. The National Council for the Social Studies.
4. Comprehensive funding for supportive housing includes resources for capital, operating, and services. These sources are made up of local, state, federal, and private dollars.
5. In addition to HFAs reporting on the number of units projected and actualized from the LIHTC supportive housing allocation, similar efforts should be made to report on the progress of the Housing Taskforce.
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Contact info:
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10. © All rights reserved. No utilization or reproduction of this material is allowed without the written permission of CSH.