1. The Washington county community development agency
Helping Communities Thrive
Through innovation, the Washington County Community Development Agency promotes community and economic development, and provides and maintains affordable, decent and safe housing opportunities in Washington County.
August 9, 2016

2. Cities Rely on CDA Core Services
Economic Development
Marketing
Collaborate with Communities
Affordable Rental Homes
Rental homes for seniors and families
Homeownership Opportunities
First Time Homebuyer
HomeStretch
Housing Counseling
Housing Stability
Rental Assistance
Rehab and Septic System Programs

3. CDA Programs Create Value
$2.75 million
New Owner Occupied Family Homes
Community Development Block Grant and HOME Program for 2015 program year
$36 million
New Rental Workforce and Senior Homes
LIHTC and GROW Programs since 2001
Redevelopment Programs
Red Rock Crossing
$4.6 million in 2017
Red Oak Preserve
$21 million

4. Budget Reflects Annual Initiatives
Vision and Strategic Initiatives
Public and Private Partners
Needs
Data
Cities

5. Average Wage Lower Than Metro
The CDA has 5 strategic initiatives to address the challenges that communities are facing. I am going to spend more time on economic development because this was the focus of the discussion of the CDA Board to plan ahead thoughtfully for the next 18 months. Economic development initiatives to complement local programs
Weekly wage averages 30% less than metro counties
Workers in the County earn less than residents, about $40,000
High housing costs prevent workers from living in county

6. METRO COUNTIES AVERAGE STATE AVERAGE ALL COUNTIES
County Commercial/Industrial Property Taxable Market Value Below State Average
COUNTIES
2016
HENNEPIN
21.25%
RAMSEY
20.58%
METRO COUNTIES AVERAGE
18.02%
DAKOTA
15.58%
STATE AVERAGE ALL COUNTIES
12.75%
SHERBURNE
12.59%
SCOTT
12.35%
WASHINGTON
10.85%
WRIGHT
10.24%
CARVER
9.66%
CHISAGO
8.00%
What is the return to the taxpayer for the $150,000?
The difference between Washington County and the statewide average appears small, but equates to nearly $500 million in taxable value.

8. 2017 Strategic Initiatives
The CDA has 5 strategic initiatives to address the challenges that communities are facing. I am going to spend more time on economic development because this was the focus of the discussion of the CDA Board to plan ahead thoughtfully for the next 18 months. Economic development initiatives to complement local programs

9. Complement community economic development programs
Market County assets
Assist businesses to find sites, expand, and recruit talent

10. Age Friendly Housing
Ensure seniors can live affordably, remain in their community with needed supports
Provide seed funds to create 80 apartments every four years
Consider future rehab programs

11. Incent housing options for current and future workers
Workforce Housing
Incent housing options for current and future workers
Create an average of 40 apartments per year
Facilitate private investment with gap financing

12. Redevelopment Spark new investment in transit corridors
Market area to private developers
Create development parcels in Red Rock Crossing

13. 2017 Draft Budget

14. Budget and Cash Summary
2017 Draft Budget
Budgeted Total Cash Receipts
$21,620,845
Budgeted Total Cash Expenditures
$21,704,674
Net Impact on Cash
-$83,829
Total receipts include1% rent increase at properties, proposed levy, and payments owing to the CDA from limited partners (Piccadilly Square and The Groves)
Total expenses sustains current services, including all operations, debt service payments, and capital improvements.
Expenses also include paying for activities planned for 2017 strategic initiatives, including property acquisitions in Red Rock Crossing.

15. 92 Cents of Every Dollar Spent in Communities
The impact of our budget really plays out in what we put pack into the community. For every dollar spent 92 Cents goes back into helping communities not only accomplish their community development goals and continue the high level of service they have come to rely on.

16. GROW Program Creates Housing
Every GROW Fund dollar leverages $10 from other resources.

17. Redevelopment For New Investment
Red Rock Crossing Fund pays for expenses to create developable parcels

18. Proposed 2017 Levy Summary 2017 Draft Budget Change from 2016
Economic Development
Programs and services
GreaterMSP; transfer from County to CDA
$269,280
$54,280
$ 4,280
$50,000
CDA Housing and Redevelopment Programs
Piccadilly Square debt service coverage
$4,449,200
$63,200
$46,010
$17,190
Total
$4,718,480
$117,480
The proposed levy is 2.5% higher than 2016 and is 94% of the total permitted by law.

19. Proposed 2017 Levy Detail 2017 Draft Budget Change from 2016 Total
Economic Development
$269,280
$54,280
CDA Owned Affordable Housing
$2,552,010
$46,010
Redevelopment Programs
Red Oak Preserve and Red Rock Crossing
$571,000 $0
Housing Construction Programs
Senior Housing and GROW Program
$674,000
Development Fund
Homeownership and development technical services
$377,190
$8,190
General Fund
$275,000
$9,000
Total
$4,718,480
$117,480

20. Draft Fund Balance Policy
Prudent financial practice to protect against unexpected change
Fund balance range of 35% – 50% of non-property revenues
Currently at 28% or $2.9 million
CDA Board approval pending

21. Return on Investment Delivering high level of service
Core services provide housing affordability and stability
Programs facilitate additional real estate value
Leverage taxpayer investment through partnerships
Moving forward with communities on economic development
Create ripple effect of jobs, income, and sales

22. Next Steps
August 16, 2016 CDA Board meeting to consider levy resolution
Submit to County Board for consideration