1 / 20

ACMA 2008 Summer Conference

ACMA 2008 Summer Conference. Housing & The Economy Avondale Presentation Rogene Hill. Revenue Shortages. Sales Tax Collections @ 2006 Level Property Tax Valuations Down HURF Reductions Expect Income Tax to Decline Water/Sewer/Trash Increasing Delinquencies Water Bills HOA’s.

chyna
Download Presentation

ACMA 2008 Summer Conference

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ACMA 2008 Summer Conference Housing & The Economy Avondale Presentation Rogene Hill

  2. RevenueShortages • Sales Tax Collections @ 2006 Level • Property Tax Valuations Down • HURF Reductions • Expect Income Tax to Decline • Water/Sewer/Trash • Increasing Delinquencies • Water Bills • HOA’s

  3. Strategies • Set Budget @ 6% Decrease • Budget Totals $270,410,230 • Cut staffing (Total 19.5) • Traditional Methods • Outsource Parks Maintenance (Save $100K) • Eliminate Programs • Combine Special Events • Further Studies Ongoing for Parks & Fleet

  4. New Revenue • Local Ballot Initiative Prop 406 & 407 • Dedicated ½ Cent Sales Tax • Removes Cap on Items <$5,000 • Expands Language to Include Transit

  5. Cultivate Partnerships Leverage Funds • HOA Support “Collection Techniques Workshop” • New Residential Improvement Districts in Development Process • Public Private Partnerships for Development • City - School District Partnerships • Building Permit Fee waiver for use and programming • Joint grant seeking & Research • Investigate Pilots and Partnerships to Save Energy • “Green Fridays” and other new initiatives • Agency Partnerships, Realtors, Financial Institutions

  6. CODE ENFORCEMENT OVERWHELMED • Complaints for Vacant Properties • Whole Subdivisions • Randall Martin • Oak Park • Abandoned Pools • Squatters • Graffiti

  7. Stabilize NeighborhoodsRelieve Code • Graffiti Contractor • Clean & Lien Provisions of IPMC (114 Properties) • Fish in the Pools • State Real Estate Office • Collapse of Randall Martin • Oak Park • Focus Housing Programs on Foreclosures • Forge Internal Synergies • Additional Crime Prevention • Remove Blight

  8. Recent Weed Abatement “Before and After”

  9. Create Housing Center • Consolidate Housing Resources • Focal Point for Community • Housing Program Coordination • SS Agencies Share Space • Look for Synergies • Prepare for Federal or State Programs

  10. Housing and Resource Center

  11. Lessons Learned Fromthe Past • Vacant Public Building = Nuisance • Non Profit Occupy w/o Rent = Cost • Selling in Down Market = Lost Value

  12. Advantages • Staff Occupies Building • Social Services/Housing Center @ No Cost • Building = Match for Grant • Bldg Operating Subsidy • Two-Year Term – Re-evaluate

  13. Sell Houses! • Employer Assisted Housing (EAH) for Police • EAH program for other employees and employers in the vicinity like school districts • Housing Marketing Video

  14. Employer Assisted Housing • $20,000 Down Payment Assistance • Extra $10,000 for Bank Owned/Foreclosures • Forgiven over 10 years @ $2,000/yr • New Police Recruits or Existing to Move into Avondale • If Avondale Resident up to $5,000 for rehab • Re imbursement • Forgiven over 5 yrs.

  15. EAH for Others • Seek Additional Funding • Talking with Others About • Live Near Work Campaign • Accentuate the Positive • Transit Oriented Development • Planning a Fall Campaign

  16. Next Steps • Open Housing Resource Center • Continue to Look for Funding • Ready for Federal/State Programs • Market and Sell Vacant Houses • Put Safeguards in Place • Subdivision Regulations • HOA Best Practices • HOA Academy

  17. Wish List • State Legislature Review Tax Policy • Banking Industry Work With Cities • Work Outs with Lenders • Approve Short Sales – Realtors Have Buyers • Monitor Investor Ownership Patterns • Shorten Foreclosure Process • Properties in Limbo Too Long • No One is Responsible

  18. In the Meantime HOPE FOR RECOVERY!

More Related