Presentation is loading. Please wait.

Presentation is loading. Please wait.

Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX.

Similar presentations


Presentation on theme: "Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX."— Presentation transcript:

1 Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX

2 Presenters Moderator JOT Couch, Texas Inter-Faith Panel Members Roland Broussard, Realtex Development Corp. Ellie Miles, Portfolio Resident Stephanie Naquin, TDHCA Blanca Ramirez, Hudson Housing

3 Blanca Ramirez Hudson Housing Capital (212) Supportive Resident Services: Challenges and Rewards

4 Financing Mixed Financing Models Mixed Use Mixed Income Integrated Supportive Housing Partnerships Joint Ventures Government Partnerships Opportunities and Challenges

5 Mixed UseMixed Income Integrated Supportive Housing Partnerships

6 Multiple Sources Multiple Partners Multiple funding agencies providing capital and rental subsidies Multiple investors with varied end goals Debt Financing 4% vs. 9% tax credit projects Permanent, hard loans, etc. Limited Resources

7 Real Estate Developers Community Owners Subsidy Providers Financers Service Provider Property Management

8 Positive Supportive Housing Outcome Tenants stay housed Tenants are satisfied with the services and housing Tenants increase their income and employment Tenants improve their physical and mental health Tenants have social and community connections

9 Castle Gardens - Harlem, New York 50 studio units - homeless individuals 13 one-, two- and three-bedroom units for homeless families with at least one member who is formerly incarcerated; 50 studio to three-bedroom apartments affordable to community residents and families earning 50-60% of Area Median Income 1 apartment for live-in superintendent. Developer/Servicer Provider: The Fortune Society Co-developer: Jonathan Rose Companies Development Budget: $43 Million

10 Capital Sources Low Income Housing Tax Credits NYS Housing Finance Authority Subsidy Homeless Housing Assistance Program NYC Supportive Housing Loan Program Mayor’s Fund NY City Council Borough President Capital Funds NYS Energy Research Development Authority Enterprise Green Communities Rental Subsidy 76 Units - Project Base Section 8 35 Units - New York/New York III Supportive Services Cash Flow from Rents Department of Homeless Services Subsidy New York/New York III

11 Fairview Village – Phoenixville, PA 11 low-income units at 60% AMI 25 public housing units 1-,2- and 3-bedroom units Designated for incomes between 20% AMI to 60% AMI 6 SH Units (Mental Health) Developer: Pennrose Properties Co-Owners: Pennrose Properties and Housing Authority of the County of Chester (“HACC”) Development Budget: $9 Million

12 Capital Sources Low-income Housing Tax Credits Equity Owner/Housing Authority Chester County Department of Community Development Rental Subsidy 25 Units - Public Housing Authority ACC Funds Supportive Services Cash Flow from Rents Chester County Department of Human Services

13 Montabella Pointe- San Antonio, TX 36 one-bedroom units: designated for incomes between 30% AMI to 60% AMI 72 two-bedroom units: designated for incomes between 30% AMI to 60% AMI 36 three-bedroom units: designated for incomes between 30% AMI to 60% AMI Developer/Servicer Provider: Housing and Community Services, Inc. Development Budget: $18 Million

14 Capital Sources Low Income Housing Tax Credits Equity TCAP Bexar County HOME Loan City of San Antonio Funds Rental Subsidy None Supportive Services Cash Flow from Rents

15 Blanca Ramirez Hudson Housing Capital (212) Questions….


Download ppt "Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX."

Similar presentations


Ads by Google