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Rental Preservation: Emerging Issues and Success Stories

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Presentation on theme: "Rental Preservation: Emerging Issues and Success Stories"— Presentation transcript:

1 Rental Preservation: Emerging Issues and Success Stories
NCSHA 2017 Annual Conference and Showplace Laura Abernathy – National Housing Trust This is the title slide.

2 National Housing Trust
The National Housing Trust protects and improves existing affordable rental homes so that low income individuals and families can live in quality neighborhoods with access to opportunities. NHT engages in public policy development and advocacy that is informed by practice and experience through on the ground real estate development, lending, and multifamily ownership.

3 Qualified Contracts by State
Requirement to waive right to a QC Incentive to waive right to a QC For how many years beyond the initial 15 year compliance period is the right waived? AK X 5 AL AZ 15 AR CA  15 CO - Required: 5 - Points provided for waiving the right to a QC for an additional 5 – 25 years beyond the required 5 year waiver CT DC DE 5 – 15 FL GA HI ID 25 IL IN IA KS KY LA 10 – 20 ME MD MA MI MN State Requirement to waive right to a QC Incentive to waive right to a QC For how many years beyond the initial 15 year compliance period is the right waived? MS MO MT NE NV NH NJ X 15 NM NY NC ND OH OK 25 OR PA RI SC 5 SD TN 3 – 5 TX UT VT VA WA WV WI WY 5 – 35

4 Affordability by State
Length of Affordability in Years (compliance period + extended use period) Requirement Incentive (points) AK 30 x AL 45 AZ AR 35 CA 55 CO 40 CT DC 30+ DE 60 FL 50 GA HI 61 ID IL IN IA KS KY LA ME MD MA 50+ MI MN MS X MO State Length of Affordability in Years (compliance period + extended use period) Requirement Incentive (points) MT 46 x NE 45 NV 50 NH 99 NJ NM NY NC 30 ND OH OK 40 OR 60 PA 35 RI SC SD TN TX UT VT Perpetuity VA WA 37 WV WI WY

5 Expiration Scenarios for Existing Housing in Florida
Source: Florida Housing Finance Corporation and Shimberg Center for Housing Studies, Assisted Housing Inventory

6 Expiration Scenarios for Existing Housing in Florida
Source: Florida Housing Finance Corporation and Shimberg Center for Housing Studies, Assisted Housing Inventory

7 State & Local Policy Director
Laura Abernathy State & Local Policy Director *137 Search state and local preservation policies at PrezCat.org This is the closing page. Please use this page to add your headshot(s) and contact information and to end the presentation.


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