Regional affordable housing bond
Community Oversight Committee Meeting #4 May 1, 2019
Regional affordable housing bond Community Oversight Committee - - PowerPoint PPT Presentation
Regional affordable housing bond Community Oversight Committee Meeting #4 May 1, 2019 Housing Story 2 Housing Story 3 Phase 1 Project: Gladstone $2.5M acquisition Estimated $4.2M rehab 45 SRO units Permanently Supportive Housing with
Community Oversight Committee Meeting #4 May 1, 2019
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$2.5M acquisition Estimated $4.2M rehab 45 SRO units Permanently Supportive Housing with 45 vouchers Lease up starting in 2021
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www.oregonmetro.gov/housing
Clackamas implementation update
Development funds for developers working outside UGB
can provide relief in rent- burdened communities
aspirational goal of 15%
understand the history of racial inequity in housing development; available this summer
Homelessness Task Force
culturally-specific partner, who has begun outreach in Spanish, Arabic and with the African American community. They have commitments for mobilizations in each of those communities.
parents
partners and developers
meeting dedicated to the bond
report to feed into Local Implementation Strategy
throughout UGB and not concentrated in one area
Hillsboro Local Implementation Strategy (LIS) Update – Metro Bond Community Oversight Committee
May 1st, 2019
severely cost burdened.
Quatama Crossing Apartments
Regulated Affordable Housing Stock
below
past 5 years
corridor
Create partnerships to encourage and support the development of more market rate and affordable housing.
Willow Creek Crossing Gap Financing - Approved May 2018 Minimum Parking Reduction for Regulated Affordable Housing - Adopted September 2018 Nonprofit-owned Affordable Housing Property Tax Exemption – Approved February 2019 Utilizing City Owned sites – Now Exploring partnership with Habitat for 20 affordable homeownership units
Hillsboro funding and production targets
deeply affordable units (30% AMI), 142 family-sized units – Estimated 2 to 4 projects – NOFAs, RFP’s of City Controlled Sites, some sole- source projects based on opportunity – Early challenges identified:
– Joint work with Beaverton and Washington County – Hillsboro Specific Forums
workshops, Hillsboro School District Latino parent engagement
– MWESB Contracting and Affirmative Marketing
General themes
need for family-sized affordable units
transit, health services, day care, shopping, schools, parks
amounts, credit, legal immigration status, application requirements
Challenges to being successful in housing:
How do people find available housing?
partnerships with key Community-based Organizations: Bienestar, Centro Cultural, Adelante Mujeres, Sonrise Church, and many others.
good place for us to start
– No City MWESB purchasing program in place yet – Working on a % goal for bond-funded housing development – Key staff experienced in MWESB program development – We want to replicate best practices but also be innovative
with sponsors, asset and property management stakeholders
City Owned Sites with Potential for Affordable Housing
Implementation Team
Community Development
Block Grant Programs
Manager
Activity/Issue Time Frame Local Implementation Strategy Submittal to Metro August 21st Community Oversight Committee Meeting September 11th Metro Council Meeting to Approve IGA and LIS September 26th
Metro Community Oversight Committee May 1, 2019 Ruth Osuna, Deputy County Administrator Komi Kalevor, Executive Director Shannon Wilson, Housing Development Coordinator
30% Median Family Income
61-80% Median Family Income Househo hold ld Size 30% Median n Family Income me 60% 60% Median n Family Income me 80% Median n Family Income me 1 person $18,450 $36,938 $49,250 4 people $26,350 $52,725 $70,300
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5/1/2019
encouraging projects that pair housing with supportive services
County’s engagement work for the Consolidated Plan with a plan to contract for ongoing community engagement services
Washington County with a very diverse community
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Opportunities:
throughout the County
affordable housing (Tigard, Tualatin Hills Parks and Recreation District) Challenges:
at the 30% or lower income levels
development
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populations or representing organizations that serve diverse populations including:
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Planning Commission and Policy Advisory Board
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For more information: https://www.co.washington.or.us/Housing/regional- affordable-housing-bond.cfm To provide public comment: AffordableHousingBond@co.washington.or.us
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Housing Oversight Committee
May 1, 2019
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for the site acquisition program
housing investments with the region’s growth management, transportation and racial equity strategies
criteria, process
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Initiative, growth management, Regional Transportation Plan, Data Research Center
around the region
planned units on Metro- purchased property
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Implementation planning and
$62.5 million for ~8-15 regionally significant sites for affordable housing development Metro to acquire sites, partner with jurisdiction to RFQ; provide gap financing
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Prioritize land purchases that lead to housing projects that:
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Transportation and Parks & Nature bond planning
with four community- based organizations
now (available in 4 languages)
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urban centers and along corridors served by transit
investments (eg. transportation, parks, etc.)
investment policies that advance racial equity
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Locations that stabilize communities, provide access, or expand housing choice Best practices to reduce barriers to access; support partnerships Advance outcomes for equitable contracting and workforce
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process – May 2019
Acquisition Program Strategy – June – August 2019
review of acquisition strategy – September 2019