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Creative Partnerships for Affordable Housing Amy Rowland – Mercy Housing

Creative Partnerships for Affordable Housing Amy Rowland – Mercy Housing. MISSION STATEMENT

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Creative Partnerships for Affordable Housing Amy Rowland – Mercy Housing

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  1. Creative Partnerships for Affordable HousingAmy Rowland – Mercy Housing

  2. MISSION STATEMENT Create stable, vibrant, and healthy communities by developing, financing and operating affordable, program–enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing.

  3. Mercy Housing Fact Sheet • By August 2007 – • 19,000 homes developed • 58,000 people served • 7,315 homes in pipeline • $1.7 billion of housing developed • $18,276 average income of residents • 71% families / 16% seniors / 13% special needs • $133M loans to NFP developers from MercyLoan Fund WHAT IS MERCY HOUSING?

  4. Mercy Housing Geography WHAT IS MERCY HOUSING?

  5. Inclusionary housing requirement of 2400 unit, master-planned community 180 units of affordable rental housing in first phase - $27mm Joint Venture with For-profit Developer and Local Non-profit – Carlsbad CA La Costa Paloma

  6. Co-developers Mercy Housing – National Nonprofit Developer Community Housing Works – Local Nonprofit Morrow Development – For-profit Master Plan Developer La Costa Paloma – Carlsbad, CA

  7. Strategic Health Care Partnership

  8. Housing - Health Connection • Poor housing increases asthma and infectious diseases • Unsafe housing increases accidents and mental illness • Other health benefits of clean, stable living situations

  9. Supportive housing reduces health care costs • Supportive housing for frequent users of San Francisco General Hospital without health insurance coverage reduced their utilization of: • Emergency room visits by 58% • Inpatient days by 57% • Residential mental health program days from 2.5 days to 0 days. Source: Supportive Housing and Its Impact on the Public Health Crisis of Homelessness, Corporation for Supportive Housing , 2001

  10. Address housing needs of healthy communities, but stick to core business Provide low wage worker housing Reduce cost of uncompensated care Augment community image Strengthen local political connections Add Short Term Housing for Patient’s Family Members – Ronald McDonald House Acquire political and business linkages Strengthen funding applications Gain access to surplus land and buildings Formulate mixed use development opportunities Gain access to predevelopment funding Strategic Healthcare Partnership Reciprocal Benefits

  11. Piñon Terrace – Durango, CO

  12. Three Springs – Durango, CO • 681 Acres – inc. 300 acres dedicated open space, schools or parks • Land Owned/Developed by Southern Ute Tribe • Annexed to Durango in 2006 • Annexation of Three Springs triggers Durango Inclusionary Housing Requirement of 10% Affordable & 15% Attainable

  13. Three Springs – Durango, CO • New Mercy Regional Medical Center • CHI-owned hospital and medical office • Donates land to Mercy Housing Colorado

  14. Three Springs - Residential • Three Springs First Phase Residential • 1100 units planned • $300,000 - $400,000

  15. Three Springs – Commercial • New Offices and Retail

  16. Piñon Terrace – Durango, CO • Mercy Hospital donates land • Master Developer donates $300,000 & infrastructure • City/County donates fees • Tax Credits • HOME Funds • Bank Loan

  17. Piñon Terrace – Mercy Housing “Affordable” Rental Housing Component • $13 Million development • 66 Units • Rents $263 - $753 • 1 bdrm – 3 bdrms

  18. Piñon Terrace – Mercy Housing Affordable to families @ 30% - 55% ami 50% ami in Durango = $29,700 for family of 4 First Phase (22 units) includes at least 15 Mercy hospital employees

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