1. Welcome to...
Companion PowerPoint Presentation for the Introduction to Housing textbook

2. Nonprofit Housing

3. Nonprofit housing Primarily serve low- & moderate income households
Blend corporate, philanthropic, & government funding
Some government funding is earmarked for nonprofits

4. Nonprofit housing Produce assisted/subsidized housing:
Income or needs guidelines to live in the housing
Subsidize builder or resident
Tend to offer a variety of resident services as well as develop housing

5. Nonprofit housing Community development corporations
formed by residents, small business owners, congregations & other local stakeholders to revitalize a low- and/or moderate-income community
produce affordable housing, create jobs, & provide social services in their target area

6. Nonprofit housing Community development corporations 501 (c) (3)
Generally serve a target area
May be involved in other economic or community development type activities

7. Community Housing Partners Corporation
Community Housing Partners Corporation (formerly VMH, Inc.), founded in 1975, is a regional nonprofit corporation that strengthens communities and helps improve the lives of very low to moderate income families by providing affordable housing and related services through partnerships with the public and private sectors.
Activities include multifamily development, management of its 2,500 unit portfolio in 37 rental communities, homeownership sales and counseling, energy management services, enterprise lending, at-risk youth residential treatment, and construction management and contracting for nonprofits, public housing authorities, and for-profit developers.
Current assets exceed $79 million. CHPC has five offices in Virginia and a branch office in Tallahassee, Florida.  

8. Nonprofit housing Area Wide Housing Nonprofit
Large region, or no geographic area
More focused specifically on housing
Housing Partnership Network

9. AHC, Inc.
Formed in 1975 as the Arlington Housing Corporation, AHC has since expanded beyond Arlington County to other parts of the mid-Atlantic region.
Preserved or created close to 2,500 rental apartments and over 900 single-family homes, owning and operating 19 developments comprising 1,700 apartments.
Provides construction and renovation services, operates its own property management company, and provides a wide array of resident services, including homeownership counseling and downpayment assistance.

10. Housing Partnership Network
The mission of the Housing Partnership Network is to build affordable homes, better futures, & vibrant communities for low- and moderate-income people through partnerships with its member organizations & businesses, government, & philanthropic institutions.

11. Housing Partnership Network
The Network has jointly developed three affiliated social enterprises with its members: the Housing Partnership Fund, Housing Partnership Ventures & Housing Partnership Insurance.

12. Nonprofit housing Financial intermediaries Unique to nonprofit housing
Distinctive characteristic is public-private partnerships
Revolving loan funds, venture capital, equity partners & many unique sources of financing

13. Local Initiatives Support Corporation
LISC approaches affordable housing from a community development perspective that supports local initiatives. This strategy, which includes financing, technical assistance & educational resources to community development corporations, has resulted in the creation or preservation of more than 160,000 affordable homes & apartments. Affordable housing covers a range of issues, from homeownership to preservation to working with public housing agencies. LISC runs a variety of national programs to address those issues.

14. Local Initiatives Support Corporation
Low Income Housing Tax Credits
Public housing
Housing preservation
Vacant properties

15. Enterprise Community Partners
Enterprise is a leading provider of the development capital and expertise it takes to create decent, affordable homes & rebuild communities. For more than two decades, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations & others that share our vision. Enterprise has raised and invested $6 billion in equity, grants & loans & is currently investing in communities at a rate of close to $1 billion a year.

16. Enterprise Community Partners
Creating fit, affordable housing is Enterprise’s main mission. Enterprise has helped low-income families either rent or buy 175,000 affordable apartments and homes. This work represents a $6 billion investment in communities that benefit from the stability homeownership & well-designed rental developments bring to neighborhoods.
Understanding that housing is the first step to exiting poverty & entering the mainstream of American life, Enterprise also supports local efforts to increase the supply of quality child care, access to employment & safer streets in many of the communities in which we are active.

17. Enterprise Community Partners
Green Communities is a five-year, $555 million initiative to build more than 8,500 environmentally healthy homes for low-income families. Created by Enterprise in partnership with the Natural Resources Defense Council, Green Communities will transform the way America thinks about, designs, & builds affordable communities. The initiative provides grants, financing, tax-credit equity, & technical assistance to developers who meet Green Communities Criteria for affordable housing that promotes health, conserves energy & natural resources, & provides easy access to jobs, schools & services.

18. Living Cities: The National Community Development Initiative
Living Cities is an investor collaborative of 15 major financial institutions, foundations & government agencies committed to the revitalization of America’s great urban centers. In partnership with city residents, state & local governments, & both the commercial and nonprofit sectors, Living Cities helps create strategic investment opportunities that result in better & safer local housing & a more welcoming environment for business expansion.

19. Housing Counseling Homeownership education
Integrated into the home buying process
HUD certified agencies

20. Nonprofit versus Profit
Community development
Geographic area
Many are small & less well capitalized
Complex financing
Profit
Housing focus
Broader market
Economies of scale
Direct financing

21. Nonprofit Fact of Life:
“…no single existing public sector housing subsidy program provides deep enough assistance to make housing affordable for those [the lowest income] families.”

22. Challenges for Nonprofit Housing Organizations
The supply of low-cost housing cannot keep up with the demand in the face of rapidly increasing housing prices without substantial input of federal, corporate & philanthropic dollars

23. Challenges for Nonprofit Housing Organizations
Success brings competition
Revitalized neighborhoods bring investors, new capital – and rising prices
Increasingly sophisticated organizations means better trained & qualified staff – who can be lured away to the private sector

24. Challenges for Nonprofit Housing Organizations
Funding is particularly an issue for:
Operational costs
Staff training & retention
Community development
Housing management