2. SCHOLAR HOUSE NCSHA October 2014 Rob Ellis Deputy Director, Housing Programs and Production

3. Program Overview Meets multiple corporate objectives – Provides affordable housing for low-income households – Provides education opportunities – Promotes long-term stability of families – Promotes partnerships among financial entities, educational institutions, and service providers

4. Program Development Why Scholar House? – Provides a road to self-sufficiency – Provides child development facilities for clients with infants to pre-school age children – Provides affordable housing and day care on-site – Provides case management and life skills programs – Modeled after One Parent Scholar House (formerly Virginia Place in Lexington), a proven success

5. Scholar House Sites

6. Qualifying Criteria Participants must: – Be at least 18 years of age – Have a high school diploma or GED – Be eligible for financial aid – Be enrolled (or have been admitted) as a full-time student in a post-secondary degree or specialty program – Be eligible for Housing Choice or Project-Based Vouchers Single parents are given first preference

7. Financing Structure Projects typically utilize – KHC funds (HDF, AHTF, Exchange) – Federal Home Loan Bank for construction – Tax credits – Section 8 rental assistance – Community support – Support from the participating educational facility – Private donations

8. Financing Breakdown – Northern KY Scholar House Sources of Funds AHTF $ 300,000 CDBG (city) 470,000 Developer 901,119 (deferred developer fee) Private grants 535,000 (deferred, 2%, 40 yrs.) LIHTC 6,910,044 TOTAL SOURCES $ 9,116,163 Uses of Funds Acquisition $ 1 Hard Costs 6,957,137 Const. Cont. 326,869 Soft Costs 1,832,156 TOTAL USES $9,116,163

9. Challenges and Barriers Students must: – Maintain a set grade point average – Participate in case management – Abide by Section 8 regulations – Agree to and pass random drug tests – Observe and abide by the Scholar House Contract signed upon admission – Break the cycle of dependence

10. Challenges and Barriers Finding the proper partners is key – Financial partners – Educational institution(s) – Community partners – Supportive services Child care is a primary barrier to a single parent pursuing or continuing education Child care is an essential component of the program

11. By the Numbers During the past fiscal year (July 1, 2013 to June 30, 2014) there were: – 553 families participating in the Scholar House Programs – 574 of these participants were adults – 931 were children of the participants – 189 participants completed the program – 79 participants earned college degrees – 2 participants earned masters degrees; 1 is working on a PhD – 120 participants exited to stable housing – 84 exited to stable employment – 358 of the minor children were enrolled in the child development centers on-site (the remaining children were either enrolled elsewhere or attended kindergarten – twelve grade) – There were 542 female and 32 male participants in the program

19. Client Stories “Participants Speak” on the Family Scholar House website Client Stories: http://www.oneparentscholarhouse.org

20. Website Information You can access information about the Scholar House from the Kentucky Housing Corporation website at the following link: http://www.kyhousing.org/Specialized- Housing/Pages/Scholar-House.aspx http://www.kyhousing.org/Specialized- Housing/Pages/Scholar-House.aspx

21. QUESTIONS Rob Ellis: rellis@kyhousing.orgrellis@kyhousing.org 502-564-7630 Extension 257