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Housing Group Session #3

Housing Group Session #3. 7.18.07. Agenda. Welcome General updates/review notes Community Land Trust Case Studies Steve Frisch, Sierra Business Council Overview of CHDO Joe Serrano, Tentmakers Employer survey results Lauren OBrien, PCN Next steps. Regional Housing Needs.

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Housing Group Session #3

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  1. Housing Group Session #3 7.18.07

  2. Agenda • Welcome • General updates/review notes • Community Land Trust Case Studies • Steve Frisch, Sierra Business Council • Overview of CHDO • Joe Serrano, Tentmakers • Employer survey results • Lauren OBrien, PCN • Next steps

  3. Regional Housing Needs HUD Consortia HCD Community Development Housing Organizations -(CHDO) Community Land Trust – (CLT)

  4. The Region Placer County

  5. Placer County Colfax Lincoln Auburn Rocklin Loomis Roseville

  6. Consortia CHDO Land Trust Consortia/CHDO/Land Trust Models

  7. Consortia • Forming a consortium is a way for local governments that would not otherwise qualify for funding to join with other contiguous units of local government to directly participate in the HOME program. In FY 2007, HUD approved 136 consortia Participating Jurisdictions (PJs). These PJs include among their members, jurisdictions that are interested in taking a more regional, collaborative approach to meeting their affordable housing needs but whose individual formula allocations do not meet the minimum threshold for funding.

  8. Community Housing Development Organization (CHDO) • Purposes of Cranston-Gonzalez National Affordable Housing Act of 1990 (NAHA): • (1) to promote partnerships between States, units of general local government and nonprofit organizations, and • (2) to expand nonprofit organizations' capacity to develop and manage decent and affordable housing. • To assist in achieving these purposes, participating jurisdictions (PJs) under the HOME Investment Partnership (HOME) Program must reserve at least 15 percent of their HOME allocations for investment in housing to be developed, sponsored, or owned by Community Housing development Organizations (CHDOs).

  9. Community Land Trust (CLT) • A private non-profit corporation created to acquire and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents (ICE definition) • CLT’s own the land, guaranteeing permanent affordability while residents own the single-family houses, cooperatives, condominiums, commercial property or other facility on top of the land.

  10. Consortia CHDO Land Trust The Paradigm Colfax Lincoln Auburn Rocklin Loomis Roseville

  11. Considerations • Regional Demographics -Median Income to Median Home Price -Employment Centers -Transportation -Population • Jurisdictional Housing Credit • Regional Land Use-(highest & best) • Housing/Jobs Balance

  12. Benefits • Regional collaboration and participation (i.e., placement and type of housing produced); • Autonomy with fiduciary accountability (i.e., separate entity with regional board direction); • Increased financial leverage across jurisdictional boundaries (i.e., entitlement jurisdiction combined with CHDO allocation); • Development concepts in support of regional/ jurisdictional needs (i.e., Jobs/Housing balance) and; • Extension of local government development activities (CHDO/CLT development partner).

  13. Discussion?

  14. Employer Feedback

  15. Employers Surveyed • Walmart • Placer County Office of Education • City of Roseville • Sutter Roseville • Union Pacific (?)

  16. Key Findings • Housing, transportation key issues • Employees want to live and work in same area • Retention • Is an issue for private organizations • Not an issue at governments • Potential involvement • Need relationships • Not sure would support monetarily

  17. Next Steps • Discussion - recap, actions • Next meeting? • Who else needs to be involved?

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