Meyer Memorial Trust Affordable Housing Initiative FY15-19 At MMT - - PowerPoint PPT Presentation

Meyer Memorial Trust Affordable Housing Initiative

FY15-19

At MMT , we believe that decent, safe, affordable housing is the foundation for personal stability, thriving families and strong communities.

Our Affordable Housing Initiative furthers this vision by:

— exploring innovation — supporting systems change — leveraging resources

to meet the housing needs of Oregonians.

Key Numbers

— $11 million — Over 5 years — 3 broad goal areas — 7 funding strategies

• 1. Strengthening the Foundation

Build on previous investments to strengthen the long- term health and sustainability of Oregon’s existing affordable housing.

— Preservation: Preservation of federally rent

subsidized units at risk of being lost.

— Rural housing: Preservation of rural owner-

• ccupied manufactured homes.

• 2. Fostering Innovation

Catalyze innovative strategies to increase the availability of affordable housing and support residents’ stability and success.

— Cost efficiencies: Develop models for creating and

preserving affordable units as cost effectively as possible over the units’ life span.

— Private market units: Expand low income renters’

access to safe, decent, affordable housing through existing private market units.

— Systems alignment: Support the stability and success

• f affordable housing residents by fostering strategic

coordination between housing and other service systems.

• 3. Securing the Future

Develop resources and policies that will expand the availability of affordable housing into the future.

— Advocacy: Systems change and advocacy to

increase the availability of affordable housing.

— Investment: Explore innovative and opportunistic

uses of Program Related Investments (PRIs) to spur the development and preservation of affordable housing in under-served areas.

Companion Funding

Ancillary Funds

• Technical Assistance
• Capacity Building
• Core Support
• Growth Capital

Responsive Grants, PRIs, Grassroots Grants to support housing outside of the AHI

Equity Lens

Funding targeted to under-resourced communities:

• Communities of color
• Culturally-specific organizations
• Under-served rural communities

Equity Considerations

— Outcomes: Does the project or program benefit under-

resourced communities including people of color and under-served rural residents?

— Partnerships and collaborations: Do culturally specific

and rural partners have genuine opportunities to inform, partner, and/or lead on the project?

— Grantees: What is the demographic composition of the

grantee’s own staff and board? Does the grantee have an organizational equity policy/statement?

— Project design: How were impacted communities

involved in the project design or issue identification?

Other Equity Strategies

— Data collection — Stakeholder engagement — Outreach — Capacity building — Shared learning

Beyond Funding

— Convener — MMT

, grantee, and stakeholder learning

— Research and data — Leverage

Next Steps

— Preservation

— Oregon Housing Acquisition Fund — Manufactured housing resident owned communities — Manufactured home repair and replacement

— Innovation

— Private Markets – Section 8 Reform Implementation — Cost Efficiencies – Convening

— Advocacy

— Statewide Advocacy — Grassroots voices and leadership development

Contact

Candy Solovjovs Director of Programs Meyer Memorial Trust candy@mmt.org 503.228.5512 More information about affordable housing: http://www.mmt.org/access-affordable-housing