UL I Confe r e nc e : Housing Oppor tunity 2017 Se pte mb e r 11, - - PowerPoint PPT Presentation

Se pte mb e r 11, 2017

UL I Confe r e nc e : Housing Oppor tunity 2017

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CIT Y OF AL E XANDRIA, VIRGINIA

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• F
• unde d in 1749
• L
• c ate d just SW of DC and se r

ve d by Me tr

• ,

Amtr ak and VRE , as we ll as DCA

• Size : 15.5 squar

e mile s

• Population: appr
• x. 150,000
• % of home s in whic h a language othe r

than E nglish is spoke n: 32%

• Me dian house hold inc ome : $89,134
• Ave r

age asse sse d r e side ntial value : $532,492

• Re nte r
• oc c upie d home s: 57.5%
• Ave r

age r e nt: $1,760

• Housing c ost- bur

de ne d r e nte r s: 44%

CIT Y OF AL E XANDRIA, VIRGINIA

33% 95% 178%

0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200%

T HE CI T Y’S AF F OR DABL E HOUSI NG CHAL L E NGE —T

HE R E AL E ST AT E MAR KE T

So urc e : HUD I nc o me L imits, 2000-2017; City o f Ale xandria, Offic e o f Ho using 2017 Apartme nt Surve y and Offic e o f Re al E state Asse ssme nts, 2000-2017

32% 73% 166 %

Inc r e ase in ave r age house hold inc ome in DC me tr

• ar

e a Inc r e ase in ave r age r e nt for 2- be dr

• om

in the c ity Inc r e ase in ave r age asse sse d value

• f r

e side ntial pr

• pe r

ty in the c ity

18218 14341 13791 12219 11984 10127 9841 7889 8123 9598 12167 6416 5672 5338 6670 5956 3853 1749

1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 11000 12000 13000 14000 15000 16000 17000 18000 19000 20000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

T HE CI T Y’S AF F OR DABL E HOUSI NG CHAL L E NGE —MAR

KE T AF F OR DAB L E I NVE NT OR Y

So urc e : City o f Ale xandria, Offic e o f Ho using Apartme nt Surve y 2000-2017

93%

2000- 2017



Ro a d ma p to g uide City inve stme nt in a ffo rda b le ho using pre se rva tio n a nd pro duc tio n



Ho using fo r All po lic y: ho using

• ptio ns fo r a ll a b ilitie s, life

sta g e s a nd inc o me s



Citywide distrib utio n o f a ffo rda b le units to he lp fo ste r so c ia l a nd c ultura l dive rsity within mixe d-inc o me c o mmunitie s



E mpha sis o n o ppo rtunitie s in hig he r-de nsity a re a s with a c c e ss to tra nsit, jo b s, a nd a me nitie s



Co mmitte d a ffo rda b le ho using inc lude s re nta l a nd sa le s units



L

• ng -te rm a ffo rda b ility is ke y

c o mpo ne nt

HOUSING MAST E R PL AN

2013

www.a le xa ndria va .g o v/ Ho using Pla n

2,000 units with ne w a fforda bility by 2025

GOAL



Ro a d ma p to g uide City inve stme nt in a ffo rda b le ho using pre se rva tio n a nd pro duc tio n



Ho using fo r All po lic y: ho using

• ptio ns fo r a ll a b ilitie s, life

sta g e s a nd inc o me s



Citywide distrib utio n o f a ffo rda b le units to he lp fo ste r so c ia l a nd c ultura l dive rsity within mixe d-inc o me c o mmunitie s



E mpha sis o n o ppo rtunitie s in hig he r-de nsity a re a s with a c c e ss to tra nsit, jo b s, a nd a me nitie s



Co mmitte d a ffo rda b le ho using inc lude s re nta l a nd sa le s units



L

• ng -te rm a ffo rda b ility is ke y

c o mpo ne nt

HOUSING MAST E R PL AN

2013

www.a le xa ndria va .g o v/ Ho using Pla n

2,000 units with ne w a fforda bility by 2025

T OOL S

• Pa rtne rships with no npro fits a nd the

Ale xa ndria Ho using Autho rity

• Pre de ve lo pme nt lo a ns
• I

nc re a se d b o nus de nsity

• E

nha nc e me nts to ho me o wne rship pro g ra ms to e xte nd a ffo rda b ility (sha re d e q uity)

• I

nc re a se d o utre a c h a nd e duc a tio n

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CI T Y-OWNE D L AND AND DE VE L OPME NT R I GHT S

T he Station at Potomac Yar d Jac kson Cr

• ssing



Pub lic , priva te a nd no npro fit pa rtne rship



De ve lo pe r pro vide d la nd a nd mo ne y



I nno va tive de sig n a nd mix o f use s



60-80% AMI



L I HT C, City g ra nts a nd lo a ns, VHDA lo a n

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CI T Y-OWNE D L AND AND DE VE L OPME NT R I GHT S

T he Station at Potomac Yar d Jac kson Cr

• ssing



Pub lic a nd no npro fit pa rtne rship



City-o wne d pa rc e l do na te d to c o mple te la nd a sse mb la g e

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T OD, jo b s a nd a me nitie s (inc luding o n-site da yc a re )

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60% AMI

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L I HT C, City la nd a nd lo a n, a nd priva te fina nc ing

CONVE R T I NG AN AF F OR DABL E HOUSI NG CONT R I BUT I ON T O E NHANCE T HE NUMBE R OF AF F OR DABL E HOUSI NG UNI T S

T he Gate way at King & Be aur e gar d (unde r c onstr uc tion)

Mixe d-use re de ve lo pme nt will inc lude ma rke t-ra te a pa rtme nts, re ta il, a g ro c e ry sto re a nd o ffic e , a lo ng with 74 units o f a ffo rda b le ho using (40-60% AMI ) thro ug h priva te - no npro fit pa rtne rship

CONVE R T I NG AN AF F OR DABL E HOUSI NG CONT R I BUT I ON T O E NHANCE T HE NUMBE R OF AF F OR DABL E HOUSI NG UNI T S

E ise nhowe r E ast Bloc ks 4/ 5 (upc oming)

De ve lo pe r c o ntrib utio n vs. po te ntia l de ve lo pme nt rig hts fo r ~ 75 a ffo rda b le units in no npro fit spo nso re d pro je c t within mixe d-use de ve lo pme nt (ma rke t ra te re side ntia l, re ta il, g ro c e ry a nd se nio r ho using in e me rg ing me tro -o rie nte d a re a )

POL I CY R E : USE OF CI T Y-OWNE D L AND



No pe r se po lic y re a ffo rda b le ho using de ve lo pme nt o n City-o wne d la nd, b ut c o nside ra tio n g ive n to Ale xa ndria ’ s a ffo rda b le ho using g o a ls (la nd a nd do lla rs) whe n City-o wne d la nd is surpluse d a nd so ld

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Ne w Sma ll Are a Pla ns inc lude la ng ua g e re c o mme nding future c o - lo c a tio n o f a ffo rda b le ho using use s with ne w munic ipa l fa c ilitie s

• Be a ure g a rd: se nio r ho using / fire sta tio n
• E

ise nho we r We st: a ffo rda b le a ssiste d living / re c re a tio n c e nte r

• No rth Po to ma c Ya rd: a ffo rda b le ho using / sc ho o l

 E

sta b lishe d to g uide future c o o rdina te d Ca pita l I mpro ve me nt Pro g ra m de ve lo pme nt a nd funding

 Oppo rtunity to e xplo re o ptio ns to c o -

lo c a te a ffo rda b le ho using , whe re fe a sib le , in c ity a nd sc ho o l pro je c ts

JOI NT CI T Y-SCHOOL S MUNI CI PAL F ACI L I T I E S I NVE ST ME NT T ASK F OR CE

(ONGOI NG)

$

OT HE R COMMUNI T Y- SE R VI NG OPPOR T UNI T I E S

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Ong o ing re de ve lo pme nt o f ho using a utho rity-o wne d pub lic ho using site s into mixe d-inc o me c o mmunitie s ma y yie ld ne t ne w a ffo rda b le units

• City’ s Re so lutio n 830 po lic y re q uire s 1:1

re pla c e me nt o f a ll e xisting pub lic ho using units if de mo lishe d a nd re de ve lo pe d



Multiple c hurc h re de ve lo pme nt pro je c ts yie ld a ffo rda b le ho using (diffe re nt mo de ls a nd struc ture s)

• Shilo h Ba ptist Churc h (se nio r a ffo rda b le )
• St. Ja me s Pla za
• Churc h o f the Re surre c tio n
• F

a irling to n Pre sb yte ria n Churc h

• Alfre d Stre e t Ba ptist Churc h

WHY AL E XANDR I A HAS BE E N SUCCE SSF UL I N SE CUR I NG T HE SE OP P OR T UNI T I E S

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Wide spre a d a wa re ne ss o f the ne e d fo r a ffo rda b le ho using

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Co mmunity a nd po litic a l suppo rt fo r the impo rta nc e o f a ffo rda b le ho using a nd the re q uire me nt fo r c ity inve stme nt to ma ke it ha ppe n

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Ope n a ppro a c h to inno va tive pro je c ts (i.e ., “ho w c a n we do this? ”)

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Ca pa b le no npro fit de ve lo pme nt pa rtne rs, inc luding AHDC a nd ARHA

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Stro ng re la tio nships with the sta te ho using fina nc e a g e nc y tha t a dministe rs L I HT Cs, a s we ll a s with le nde rs & inve sto rs

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5+ ye a r pipe line c re a te d thro ug h pre de ve lo pme nt lo a ns

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Appro a c h a dva nc e s o ppo rtunitie s fo r “de e p a ffo rda b ility”

He le n Mc Ilva ine , Dire c tor

Offic e o f Ho using , City o f Ale xa ndria 421 K ing Stre e t, Suite 215, Ale xa ndria , VA 22314 He le n.Mc I lva ine @ a le xa ndria va .g o v 703-746-4990

www.ale xandr iava.gov/ Housing