1. COMMUNITIES A PARTNER TO 2020 Levy Request County Board Workshop
August 13, 2019

2. Strategic Initiatives
Building strong communities where everyone has an opportunity to succeed.
BUILDING OUR FUTURE
SERVING OUR SENIORS
Communities prosper only when people of all income levels and life stages have a range of living options.
A place to call home offers seniors an opportunity to live and grow with independence and dignity.
HOUSING CHOICES
ECONOMIC DEVELOPMENT
People with unique challenges need stable housing to provide a secure and stable place for themselves and their children.
Creating jobs and business activity makes the pie larger and helps to hold the line on residential property taxes.

3. Building Our Future Create 300+ new units of workforce housing
Increase homeownership services
Add 10 new Supportive Housing Units
To be a vibrant and growing community, a good mix of jobs at a variety of wage rates is needed as well as enough housing that is affordable to all income levels so that those who work in the county can also call it home. This will help ensure that businesses that want to grow and expand will have a reliable labor force to fuel it. Available affordable housing is critical to that effort to attract and retain a talented workforce.
250 by when?
Access home ownership opportunities
Add units for households that need supportive services
We also help encourage successful homeownership in Washington County through homebuyer education and foreclosure prevention counseling.

4. Serving Our
Seniors
Implement Resident Service Plan at The Glen at Valley Creek
Engage developers and communities
Strategic use of Housing Infrastructure Bonds and other resources

5. Housing
Choices
Partner with Community Services Department on programs to house people with unique challenges
Expand housing choices through landlord outreach and applying for new program funding
Preserve existing affordable housing

6. Economic Development Promote development opportunities
Create shovel-ready sites
Leverage private investment through the Open to Business and the Predevelopment Finance Fund
In addition to housing, the CDA helps communities grow businesses and create jobs. That means raising the visibility of our 33 unique communities, letting brokers and realtors know about available sites, and providing expertise and financing to new and existing businesses. We are working on an exclusive website that would promote the assets and benefits of having a business in the county and at the same time connect site selectors to our communities.

7. Programs by Initiative
BUILDING OUR FUTURE
ECONOMIC DEVELOPMENT
SERVING OUR SENIORS
HOUSING CHOICES
Financing tools for affordable housing & redevelopment programs
Homeownership programs
GROW program
Open to Business
Pre-development finance fund
Marketing and promotion
“Age Friendly Housing” program to create new senior housing
Rental assistance for families, veterans, seniors, and persons with disabilities
We also work with communities and developers to secure the capital needed to make housing and economic development investments happen. In addition, our programs providing affordable housing and assisting renters, homebuyers, and homeowners help to create housing choices for our seniors and work force.
More than 150 homebuyers and owners participate in the CDA’s homeownership education, counseling, and home improvement programs each year.
The CDA serves over 500 households annually with rental assistance, or about 1,400 people; 50 percent are children.

8. Our Services and Expertise
Community Development Expertise
CDA Senior and Workforce Housing
Technical Expertise
Program Administration
538 affordable senior housing units
608 affordable workforce housing units
Match community needs with housing and economic development resources
Assist communities with planning and problem solving
Recognized for excellence in financial reporting and housing programs
The CDA provides resources, advice, and assistance to communities seeking to welcome new businesses or expand their housing options.
Properties operated by the CDA provide homes to more than 2,000 Washington County residents, including 500 seniors and 600 families.
The CDA refers over 500 contacts from real estate professionals to communities each year.

9. Where Funding Comes From
CDA PROPERTIES
Rental revenues
$9.8 MILLION
GRANT REVENUES
Housing assistance payments and funds from other outside sources
$6.8 MILLION
PROPERTY TAX LEVY
$5.4 MILLION
Support for agency activities by
Washington County taxpayers
OTHER INCOME
$1.2 MILLION
Investment income, TIF revenue, etc.

10. 2020 Budget Changes Impact of… 2020 Budget % Change from 2019
Increase in Operating Revenues
$ 179,486
1.14%
Increase in Levy
$ 185,751
3.6%
Reduction in Debt Service
$ 213,951
-4.6%
Additional Inflows
$ 579,188
Increase in Operating Expenses
$ 364,821
2.4%
Capital Reserve Contribution
$ 214,367
562.6%
Additional Outflows
Cash impact = $520,000 investment income and $500,000 LT capital ($260 levy and $242 properties)
Rent increase = $210,000
Revenues include 3.6% levy increase and 2% - 3% rent increases
Decrease in expenses due to net decrease in debt service, capital outlay and operating expenses
Required reserves include capital improvement reserve, Age Friendly Housing initiative, interest earned on restricted deposits and required cash escrows held in bond trust

11. Proposed increase $185,751 (3.6% over prior year)
Proposed 2020 Levy Summary
2020 Levy
Change from 2019
Building Our Future
$1,181,219
$50,533
Serving Our Seniors
$250,000 $0
Housing Choices
$126,900
$50,159
Economic Development
$574,762
CDA Properties
$2,920,046
$1,946
General Fund
$367,050
$83,113
Total
$ 5,419,977
$185,751
See Attachment A to the FC memo
Rent increase = $210,000
Cash impact = $520,000 investment income and $500,000 LT capital ($260 levy and $242 properties)
Proposed increase $185,751 (3.6% over prior year)

12. Levy Funds – Strategic Initiatives
BUILDING OUR FUTURE
Create new workforce and supportive housing units, sustain homeownership programs
$1.1 MILLION
ECONOMIC DEVELOPMENT
Marketing/promotion, Open to Business, Predevelopment Finance Fund
$575,000
SERVING OUR SENIORS
Create additional CDA owned affordable housing for seniors
$250,000
HOUSING CHOICES
$230,000
Seek grant funding to serve households with unique challenges, engage landlords

13. 90
PERCENT
of the CDA’s all-sources budget is invested directly back into Washington County communities –$23 million.

14. Our Impact Creating Tax Value Creating Housing Stability
911 rental homes built or pending construction through 2021
Estimated +$100 million tax value
Home improvement loans keep homes up to code and sustains home values
Leverage $25 million of annual private investment for new home buyers
Creating Housing Stability
Serving more veterans, families, and individuals with disabilities

15. Our Impact Growing Businesses “Open To Business” success
247 client engagements
19 loans; $5,000,000 private investment
$1 public to $17 private leverage ratio
Creating Shovel Ready Sites
Predevelopment Finance Fund
Working with cities to create 340 developable acres
Bank, credit union, borrower equity other financing in the project
Examples from last report

16. August 20, 2019 CDA consideration of levy request
WE’LL
HELP
YOU
GET
THERE.
Next Steps
August 20, 2019 CDA consideration of levy request
Thank you!
Our motto is “We’ll help you get there,” because whether you are an individual renter, homeowner, business owner, or community, the CDA is here to partner with you. On behalf of the CDA Board we are grateful for your partnership and we look forward to working together in the next year.