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Chattanooga Housing Authority Board of Commissioners Informational Meeting April 9, 2012.

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Presentation on theme: "Chattanooga Housing Authority Board of Commissioners Informational Meeting April 9, 2012."— Presentation transcript:

1 Chattanooga Housing Authority Board of Commissioners Informational Meeting April 9, 2012

2 Recent Activity: Westside & Nearby Sites Site: Gateway TowerBoynton TerraceMary WalkerDogwood (proposed acquisition) # Units # Stories Yr. Built / Renovation Done Comprehensive: $7 M Accessibility only: $1M Comprehensive: $5 M-- Renovation Planned -- $4-5 M

3 College Hill Courts (Westside) East Lake Courts Harriet Tubman CHAs Large Sites

4 College Hill Courts Site Facts 497 units. Built in acres. Doors and windows replaced 1984 Electrical and plumbing in 1991 Roofs replaced in 2006 Needs Estimated Cost Accessible units to meet accessibility requirements Cannot be done economically Complete interior update (kitchens, bathrooms, cabinets, floors) Obsolete electric wall heaters Lead-based paint abatement (currently only encapsulated) Site utility infrastructure – electric, water and sewer $50 Million ($100,000 per unit)

5 East Lake Courts Site Facts 417 units. Built in acres. Unit renovations done in 1990s Heat pumps in mid-2000s Needs Estimated Cost Repair/replace clay tile roofs Complete unit rehabs very soon (floors, cabinets, paint, bathrooms) Site utility infrastructure (electric, water and sewer) Accessible units to meet UFAS requirements Cannot be done economically Site drainage Structural damage $38 Million ($91,000 per unit)

6 Harriet Tubman Site Facts 440 units. Built in 1953/ acres. No major renovations done Needs Estimated Cost Asbestos and lead-based paint abatement Doors and frames, windows Complete interior rehab - (floors, cabinets, paint, bathrooms, etc.) Significant structural repairs Accessible units to meet UFAS requirements Site utility infrastructure (electric, water sewer) $35 Million ($80,000 per unit)

7 CHA Capital Improvement Spending Illustration Site Est. Capital Improvements Needed Optimistic Timeframe to Address Needs (at $3.3M/yr) Emma Wheeler $9 M Cromwell Hills $13 M Boynton Terrace $11.5 M Woodside Apts. $0.5 M2024 Glenwood Heights E. Apts. $0.5 M2024 College Hill and East Lake $88 M 2025 ?! Sites likely become non-viable before funding available Needs too great to be addressed with available Capital Funds funding stream CHAs HUD Capital Funds Grant: maximum of $3.3M/yr available (and shrinking)

8 Transformation Possibilities HUDs Rental Assistance Demonstration (RAD) Program CHA allowed to convert public housing units into long-term project-based vouchers CHA allowed to get private financing to perform capital improvements HUDs Choice Neighborhoods Grants Purpose-Built Communities Planning Grants and Implementation Grants (up to $30M) Comprehensive neighborhood-scale planning and transformation plans Three core goals: Housing – Transform distressed public and private housing to energy-efficient financially viable mixed-income housing People – enhance safety, health, employment, mobility and education for residents of the neighborhood Neighborhood – transform distressed high-poverty neighborhoods with improved access to high-quality schools, education, public transportation, jobs Holistic Community Revitalization – address all factors trapping people in intergenerational poverty Key Elements: Mixed-Income Housing and Cradle-to-College Education Starts with Political and Community Support – common vision


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