1. City of Chattanooga AFFORDABLE & SUBSIDIZED HOUSING

2. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 To leverage City & Federal funds to produce the highest yield of quality housing for citizens who are least likely to be served by the private market without subsidy or incentive. MISSION

3. Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care. An estimated 12 million renter and homeowner households now pay more than 50 percent of their annual incomes for housing. A family with one full-time worker earning the minimum wage cannot afford the local fair-market rent for a two- bedroom apartment anywhere in the United States. US Department of Housing & Urban Development (HUD), July 2015 What is meant by AFFORDABLE HOUSING?

4. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Two-fold Strategy: PRESERVATION & PRODUCTION

5. As Dorothy famously said in the Wizard of Oz, “There’s no place like home”. Yet, each year hundreds of low-income Chattanooga renters and homeowners find themselves at risk of having to leave their homes due to substandard conditions and code violations. Such moves can render many of these citizens homeless. By providing assistance with needed repairs, the City and its partners allow citizens to remain in their homes and cherished neighborhoods. Preserving these homes is far more cost-effective than citing low-income citizens or having their properties condemned or demolished. What is meant by PRESERVATION?

6. The Regional Planning Agency’s 2013 Housing Study forecast Primary focus on rental with homeownership secondary What is meant by PRODUCTION?

7. HUD AFFORDABLE HOUSING INCOME SECTORS Very Low Up to 30% AMI Low Up to 50% AMI Moderate Up to 80% AMI Between 1970 and 2010 Chattanooga underwent significant demographic changes in household size and family composition. Household size went from 2.87 persons per household in 1970 down to 2.26 by 2010. Regional Planning Agency, Chattanooga Housing Study, July 2013 Household of TWO Up to $13,250 Annual Income Household of TWO $13,250 – $22,050 Annual Income Household of TWO $22,050 – $35,300 Annual Income

8. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Categories: RENTAL & HOME OWNERSHIP

9. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Preservation: MINOR & MAJOR HOME REPAIR SECTION ONE

10. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Preservation: MINOR REPAIR Habitat: A Brush with Kindness City: World Changers City: Litter/overgrowth Assistance

11. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Preservation: MAJOR REPAIR CNE: Rehab loans for owners CCHDO: Roof repair grants for owners City: Rehab grants for landlords

12. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING PRODUCTION: SECTION TWO

13. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Production: MINOR & MAJOR HOME REPAIR

14. Debbie F. Johnson Leadership Award Spring Valley $50,000 Benwood Foundation Kensington Forest Stuart Heights Woodmore Manor Brainerd Hills Meadow Brooks Heights Midfield Acres East Lake Oak Hills Churchville Fortwood Avondale Eastdale Foxwood Heights Glenwood Menlo Park Missionary Ridge Olde Town Brainerd

15. Art in the Neighborhood Award Spring Valley Benwood Lyndhurst & Footprint Foundations City of Chattanooga Public Art Committee Kensington Forest Midfield Acres East Lake Eastdale Foxwood Heights

17. City of Chattanooga AFFORDABLE HOUSING AUGUST 2015 AFFORDABLE HOUSING Production: MINOR & MAJOR HOME REPAIR