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Holly Knight, Vice President of Development, BGC 202-699-1998 holly@thebennettgrp.net. Judy Vandyke, Managing Partner, CEO (334) 321-0529 judy@thebennettgrp.net. Holistic Approach. Strategic Planning Where is your agency headed What are the goals Where will the PHA be in 10-20 years
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Holly Knight, Vice President of Development, BGC 202-699-1998 holly@thebennettgrp.net Judy Vandyke, Managing Partner, CEO (334) 321-0529 judy@thebennettgrp.net
Holistic Approach • Strategic Planning • Where is your agency headed • What are the goals • Where will the PHA be in 10-20 years • Sustainability • Portfolio Re-engineering • Market needs • Is housing obsolete • Best and highest use of real estate • Assessing Organizational Structure • Funding • Look at funding trends • What are the best options and tools for your PHA
Operating Subsidy Funding 103% 89.20% 82% 94.968% 100% 88.42%
Backlog of Capital Needs • Deferred Maintenance $26 billion backlog • Fewer affordable public housing units with 12,000 unit loss annually • Capital repair needs of $23,365 per unit, with an annual increase of $3,000 • Needs at your PHA • Roof - $8,000 • 3 Bedroom 504 Compliance $25-35,000 • ADA Site compliance $10-15,000 • HVAC replacement -$4,000 • Water Heater - $350 • Site Soil Erosion- $20,000 • Appliances –Range $450 / Fridge $550
PHA Options • Demolish Units • Borrow Money • Leverage Investments/Equity • Leverage Current PHA Development Funding • Sell Assets and Raise Cash • Reduce Development Costs through Purchase • Reduce Operating Costs • Analyze Assets and Partnership Opportunities