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Utah WorkForce Housing Initiative

Utah WorkForce Housing Initiative. “ C ultivating C ommunity ”. Pilot Program 2007-2009. Background.

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Utah WorkForce Housing Initiative

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  1. UtahWorkForce Housing Initiative “ Cultivating Community ” Pilot Program 2007-2009

  2. Background In the 1996 session of the Utah State Legislature, HB 295 was passed. The statute elevated the subject of affordable housing to a new level never before seen in Utah. The law mandated that all communities and counties in the state include a housing element as part of their general plan. The law also required that communities report annually about the progress they were making in developing, adopting and implementing plans. In January 1999, a survey was taken by the State DCD and it was found that only 20% of communities had even attempted the development of a plan. Through specific legal action the courts established that communities needed to develop an adequate plan or run the risk of legal action for non-compliance. By 2002, 65% of all communities had a least prepared some semblance of a plan. There was not only a disappointing number of communities who developed the mandated plan but they displayed a lack of sophistication in making needs projects and determining alternatives. In recent years the Utah League of Cities and Towns reported that its members both urban and rural were looking for tools which would assist them in gathering the appropriate data and in receiving technical assistance to put together more comprehensive plans that included viable project out comes. In response to those calls for assistance, a partnership opportunity was structured for technical assistance providers, governmental agencies and local financial institutions to deliver a comprehensive tool-kit and hands-on assistance to meet the real challenges in Utah communities statewide. It takes strong public/private partnerships to make projects affordable. UWFHI’s goal is to lay the foundation for the creation of these partnerships on which important community directed projects can be realized.

  3. Overview • What is UWFHI? • Who are the Partners? • UWFHI Process Model • Pilot Communities • Diverse Resources • Proposed Timelines

  4. What is UWFHI? • Broad based partnership to help support city housing planning processes, economic and essential workforce housing development across Utah • New statistical software, guide book, training workshops • Planning technical assistance delivery to communities/geographies that is aligned withstate mandated process • Baseline economic development and affordable housing analysis to support local community planning efforts • Access to previously untapped financial resources from state, regional and national partners • Financial Performa and partnership structuring assistance to help build needed housing stock that is identified in city plans • Support to outlying areas as identified in planning processes • Creation of transferable best practice models

  5. Who Are The Partners? • State of Utah • Governor’s Office of Planning & Budget • Utah Division of Community & Culture • Utah League of Cities & Towns • Key Housing Industry Organizations • Envision Utah • Utah Financial Institutions • Industrial Banks:Morgan Stanley Bank (Lead), Lehman Brothers Bank, American Express CD, Merrill Lynch Bank, UBS Bank, GE Capital, Pitney Bowes, GMAC Bank, Goldman Sachs Bank (invited partner listings) • Community Banks:Bank of American Fork (Lead), Bank of Utah, The Village Bank, Barnes Bank, SunFirst Bank, Bank of Southern Utah, 1st Nat’l Bank of Layton, Central Bank (invited partner listings) • State, Regional, National Partners • US Dept HUD, USDA Rural Housing, Utah Housing Corporation, Rural Collaborative, Rural Community Assistance Corporation, Olene Walker Housing Loan Fund, Utah Community Reinvestment Corporation (invited partner listings)

  6. UWFHI Process Model Cultivating Community through research/Data Analysis, Creative/Cross Functional Planning, Technical Assistance, Project Development & Responsive Funding Solutions Toolbox, Demographic Software, Workshops Industrial + Community Banks OWHTF/LIHTC/UCRC/RC/RCAC, Municipalities, Private Funding Nonprofit Housing Developers, City Housing Authorities and City Planners, RDA, HUD Creation of transferable best practice models

  7. Pilot Cities & Communities • Boulder, Garfield CountySRO housing • Vernal, Uintah County“Boom or Bust” housing • Moab, Grand CountyService, Retail and Public Workers • South Salt Lake, Salt Lake CountyHome ownership rate inverse to rest of state – 37% • Logan, Cache CountyStudent Housing vs. Residential These pilot cities were already proactively working with the state of Utah for support and guidance. Selected cities also provide diversity in size, location, needs, culture and employment which will provide a variety of models for the final program.

  8. Map of Pilot Cities Logan South Salt Lake Vernal Moab Boulder Town

  9. WorkforceIncome Characteristics • Financial Realities for Low- and Moderate- Income Citizens in Utah Pilot Communities

  10. Workforce HousingCosts • Current Costs of Housing in Utah Pilot Communities

  11. Job Classifications • Current Incomes by Job in Utah Pilot Communities

  12. Diverse Resources • Technical Assistance • Lotus Community Development, Consultants • Tightline Community Resources, Consultants • Federal, State, Financial Institutions, Community Representatives • Research • Local Officials and Planning staff • State, Federal and Nonprofit staff • University of Utah – Bureau Economic & Business Research • Financing • Financial Institutions provide lending participations to provide lines of credit, predevelopment and construction financing, gap financing, municipal bond investments and other resources as needed • UCRC, OWHLF, Federal Agencies, Tax Credit Syndication's, regional CHDO’s provide economic development or small business tools, leveraged low-interest loans and grants funds

  13. Proposed Timelines • Pilot Community Research – Winter 2006 • Pilot Community Support – Spring and Summer 2007 • Statistical Software and Guide Book Development – Summer & Fall 2007 • Launch – Summer & Fall 2007 • Workshops – Winter 2007 through Early 2008 • Plans, Proformas, Development and Best Practice Models – On going through 2009

  14. Consultant Team • Marci Milligan, Consultant • Lotus Community Development Institute, 501(c)3 • Rhoda Stauffer, Consultant • RJS Management Advisors • Richard Walker, Consultant • Tightline Community Resources 223 West 700 South, Suite C Salt Lake City, Utah 84101 Phone: 801-509-1289 Fax: 801-364-7070

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