1. Interfaith Housing Development Corporation of the Maryland Eastern Shore, Inc. 103 Gay Street Denton, Maryland 21629 Telephone: 410-479-3000 Fax: 410-479-4409 Paul J. Washo, Executive Director Paul @ ihdc.biz “By wisdom a house is built, and by understanding it is established”

2. Interfaith Housing’s Mission “To help provide decent, safe, affordable housing and supportive services for those in need”

3. Who & What ? Not-for-profit, 501(c)(3) Established in 1989 Affordable Housing Development Single Family & Multi-Family Housing Rehabilitation & New Construction Development Consultant, Partner, Owner CDHO for Caroline County Administrator of CDA Special Loans Other supportive housing services

4. Interfaith’s Primary Roles and Achievements Affordable Housing Development Thirteen multi-dwelling projects completed 9 Maryland counties served to date 350 new or rehabilitated units $35 million in project construction to date Maryland Housing Rehabilitation and Lead Hazard Reduction Programs for qualified home owners Over $500K in Special Loans funds for 2 counties served during fiscal 2005 Several hundred families and individuals served

5. Workforce/Affordable Housing Hurdles, Obstacles & Solutions

6. Hurdles, Obstacles, Challenges Once the need for Workforce/Affordable Housing is clearly established within a community... Public opinion Fear of the unknown Local Support Land availability & cost Construction costs Funding Weather delays Marketing Operating Maintaining Sustaining

7. Solutions?

8. NIMBY Not in my back yard ! Share information early and often Offer a quality housing product that is well-planned and self-sustaining Clearly demonstrate how the community benefits... how is the project a “win-win” for everyone?

9. Form Partnerships & Alliances Religious Organizations Citizen’s groups Local Government State Legislators Local Businesses

10. The Funding Challege Ins, Outs, Ifs, Ands or... ! HOME MHRP RHPP LIHTC CDBG PILOT MAHT CITC AHP Rural Housing Development Loans Private Loans

11. Typical funding structure HOME + LIHTC+ Private Loan State of Maryland Community Development Administration (CDA) Multifamily Rental Housing Development Program COMPETITIVE FUNDING ROUND

12. Combined Resources = Leveraging CDBG Funds – Local governments CITC – Community Investment Tax Credits MAHT – Maryland Affordable Housing Trust MHTC – Maryland Historic Tax Credits AHP – The Federal Home Loan Bank of Atlanta’s Affordable Housing Program ESIC – Enterprise Social Investment Corporation Low Income Housing Tax Credit syndication. Innovative Venture Awards

13. Some forms of local contribution Local resolution Land Tax reduction Fee waivers In-kind Business & private donations

14. Making the competitive funding cut How is your affordable project unique? How affordable is “affordable”? Previously unmet or special needs? Green building design elements? Tenant services plan? Other innovations and/or meaningful partnerships that meet specific housing needs within the community?

15. Calvert Street Chestertown, MD New Construction 26 Units, Sale/Lease-Purchase Total Project Cost: $1,400,000

16. St. Martin House Ridgley, MD New Construction 12 Units, Transitional Housing Total Project Cost: $535,000

17. Tanyard Branch Federalsburg, MD New Construction 25 Units, Family Rental Total Project Cost: $1,600,000

18. Dayspring Town Homes Ridgley, MD New Construction 26 Units, Family Rental Total Project Cost: $1,600,000

19. Dayspring Town Homes 2 Ridgley, MD New Construction 20 Units, Family Rental Total Project Cost: $1,700,000

20. Henderson School House Henderson, MD Rehabilitation 4 Units, Family Rental Total Project Cost: $240,000

21. Southern Pines Lusby, MD New Construction 76 Units, Seniors Rental Total Project Cost: $5,300,000

22. East New Market East New Market, MD Rehabilitation 19 Units, Seniors Rental Total Project Cost: $1,900,000

23. The Maples La Plata, MD New Construction 93 Units, Seniors Rent & Own Total Project Cost: $7,800,000

24. Snow Hill Seniors Snow Hill, MD New Construction 30 Units, Seniors Rental Total Project Cost: $3,400,000

25. The Lodges at Naylor Mill Salisbury, MD New Construction 65 Units, Seniors Rental Proposed Project Cost: $8,800,000

26. Contacts Interfaith Housing 410-479-3000 Paul@ihdc.biz Maryland Department of Housing & CD http://www.dhcd.md.state.us The Federal Home Loan Bank of Atlanta http://www.fhlbatl.com Enterprise Social Investment Corporation http://www.esic.org

27. Interfaith Housing Development Corporation Board and Staff – April 7, 2005

28. Interfaith Housing Development Corporation of the Maryland Eastern Shore, Inc. 103 Gay Street Denton, Maryland 21629 Telephone: 410-479-3000 Fax: 410-479-4409 Paul J. Washo, Executive Director Paul @ ihdc.biz “By wisdom a house is built, and by understanding it is established”