450 likes | 575 Views
Putting our missions to work: Supporting housing stability and opportunity for our residents through Resident Services. Oregon Opportunity Network Resident Services Opportunity Project. Agenda. Introduction Defining Resident Services Value of Resident Services Resident Services in Oregon
E N D
Putting our missions to work: Supporting housing stability and opportunity for our residents through Resident Services Oregon Opportunity Network Resident Services Opportunity Project
Agenda • Introduction • Defining Resident Services • Value of Resident Services • Resident Services in Oregon • Creating a sustainable funding system • Oregon ON’s recommendations • Q&A (20 minutes)
Our Vision All Oregonians should have the opportunity to succeed in life.
Why We Do This Work Housing gives people the stability to meet their basic needs and the opportunity to build better lives.
The Role of Resident Services Resident Services plays a key role in creating • successful residents • sustainable properties • healthy communities
The Challenge of Resident Services Funding streams are • Unstable • Inadequate • Uncoordinated
The Challenge of Resident Services The industry lacks agreement about • Definitions • Best practices • Outcomes • Costs
A Crossroads for Our Industry • Inadequate and unstable funding for RS undermines our industry’s sustainability • Oregon is part of a national movement to address these challenges
Goal: To develop a framework for a sustainable Resident Services delivery system. Resident Services Opportunity Project Project Leadership RSOP Steering Committee RSOP Advisory Committee Resident Services Working Group (RSWG) Oregon ON Policy Councils Neighborhood Partnerships
The RSOP Research • Resident Services Workgroup’s Logic Model • Neighborhood Partnerships Demonstration Project • Portland State University Cost Study • Housing Development Center financial modeling • Oregon ON member survey • Funder & stakeholder interviews • Local success stories & case studies • National data
Defining Resident Services Resident Services connects residents of affordable housing to services and programs that support housing stability, household opportunity and advancement.
Goals of Resident Services Housing Stability Household Opportunity and Advancement
Services & Programs Services: Provided to all residents • Move-in orientations • Eviction prevention • Information & referral • Resident council support • Community building Programs: Based on population • Youth programs • IDAs & financial education • Education & employment • Homebuyer training • Adult education
Successful Residents – National Examples Data compiled from NeighborWorks sites across the country.
Sustainable Properties Vacancy Losses Bad Debt Legal Fees Turnover Rates
Sustainable Properties - Local Examples Justin, IHI resident Juanita, NHA resident Eviction prevention resulted in $3,736 saved Eviction prevention resulted in $1,320 saved These are actual costs avoided to the property by preventing an eviction through Resident Services (non payment of rent and turnover costs)
Healthy Communities • Building a sense of community • Creating a strong social support system • Supporting the work of partners • Linking residents and the community
$400 $700 Resident Services Costs Average cost of Resident Services is $400-$700 per unit per year • Factors that can lower the cost of Resident Services • Higher incomes • Low rent burden • Employable • Life skills • Economies of scale • Partnerships • Factors that can increase the cost of Resident Services • Lower incomes • Special needs • Formerly homeless • Families • Immigrants • Smaller projects • Scattered site
Private foundations 54% Public funding 29% Individual donors 42% Funding is a Complex Patchwork Fee for service 21% Project operations 83%
Funding Levels are Inadequate • 87% of owners who pay for RS out of project operations said it did not cover the full costs • 91% of owners said inadequate funding is a primary challenge to offering sustainable RS • 75% who do not provide RS to all properties said it was because of inadequate resources
CREATING A SUSTAINABLE FUNDING SYSTEM
Where Could the Additional Resources Come From to Support Resident Services? Oregon Housing and Community Services? Private Foundations? Cities? Owners? Counties? Local Participating Jurisdictions? Other State Agencies? Federal Government?
What Mechanisms Could Be Used to Fund Resident Services? • Project operating budgets • Up front capitalized reserves • Renewable grants
Are Capitalized Reserves the Answer? Capitalized Reserve covers full 20-year cost Project Budget Life of Loan – 20 years
Are Renewable Grants the Answer? Renewable Operating Grant Project Budget
There Is No Simple Answer • Diverse funding sources • Multi-pronged funding mechanisms • Options vary by location • Every project is unique
Balancing Competing Goals for Owners and Populations Long-term sustainability Unit production Fewer households with greater need More households at higher rents Flexible and population-specific services Standardized industry-wide outcomes and expectations