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Impact of Green Affordable Housing Project – Seeking Input
Southface, an organization working with the construction and development industry and policymakers to forge market-based solutions for creating green jobs, clean energy solutions and sustainable communities, recently received funding for a research project, Impact of Green Affordable Housing. This research project which will investigate the cost-benefit of green affordable housing and sustainable development in the Southeast (AL, GA, NC and SC). Southface is focusing on developments that have received HUD and State allocated subsidies through QAPs from 2009-2011, which will provide us with the minimum twelve months of utility history and operations data for utility tracking purposes. In addition to utility tracking, we’ll be collecting construction and development cost information, from which we will be able to isolate energy and water efficient or “green” technologies and programs to determine the impact on all stakeholders involved (HFAs, property managers/owners and tenants). If you would like more information or to participate, please contact Alex Trachtenberg.
2015 Housing Credit Preliminary Applications
NCHFA received 171 preliminary applications in 59 counties for the 2015 housing credit cycle.
Click on the following link to view the list of submitted applications: 2015 Preliminary Applications.
We welcome feedback on your experience with the new application system and any suggestions on improvements we could make.
You're invited to join the Housing Communications Hub
The Housing Communications HUB is a free online community from the National Housing Conference that connects you to an incredible resource: colleagues from across the country who share your challenges, uncertainties and successes in communicating about affordable housing. It's a place where you can ask advice, share your experiences and build relationships.
Whether you work at the local, state or national level, as long as you're interested in communicating effectively about affordable housing, the HUB is for you. The HUB allows you to download resources that will help you plan and execute your communications work, as well as to share your own successful communications products. It also provides discussion forums that allow for dialogue and exchange about housing communications issues with others who are doing this work across the United States. Visit the HUB and join free today!
Are you considering a smoke-free policy but are still not convinced? It all comes down to improving your bottom line.
The sooner you go smoke-free, the sooner you can save money in decreased fire, maintenance, and turnover costs. Adopting a smoke-free policy can also boost your marketing value.
Scott Alderman of Landura Management Associates in Winston-Salem explains why:
“First, there are lower turnover and HVAC ductwork cleaning costs with smoke-free policies. Two, they keep the property cleaner. You’d think there’d be more cigarette butts everywhere, but that’s not the case – our tenants use the receptacles we put out there. Third, the biggest savings has been with fires. Before we were smoke-free, we had two fires within the span of 10 days, which cost us $1.3 million.”
By adopting a smoke-free policy, you can improve your bottom line.
To learn more about how smoke-free policies can save you money:
Visit the NC Division of Public Health’s Smoke-Free Housing Website at: http://www.smokefreehousingnc.com/property-managers/smoke-free-policies-why-do-it-#.VAngFZrD-9I
New Resource: Communicate about Housing More Effectively with the Latest Research, Poll Data and More
The Center for Housing Policy releases a new literature review today by Janet Viveiros and former Center researcher Rebecca Cohen covering research into public opinions on housing affordability issues and how to best communicate around them. The new paper, Building Support for Affordable Homeownership and Rental Choices: A Summary of Research Findings on Public Opinion and Messaging on Affordable Housing, offers housing advocates and practitioners the latest polling data and concepts on how to effectively communicate about housing affordability issues with the public and policymakers. It is the latest report in the Center's Insights from Housing Policy Research series.
The paper includes a summary of findings that advocates and practitioners can apply directly to their work. A section on Public Opinion Research adds to our understanding of how respondents feel about affordable housing and the people who live in it. A second area on Language and Messaging research describes how respondents react to specific terms and ideas.
Foreclosure Prevention Effort Expanded to Recent Veterans, Furloughed Workers
The North Carolina Finance Agency announces the expansion of the N.C. Foreclosure Prevention Fund to help veterans recently separated from service and military or civilian workers who are currently furloughed or facing an impending furlough.
The state-designed foreclosure prevention program makes mortgage payments for qualified unemployed workers as well as homeowners who have suffered certain other hardships, such as divorce, illness or death of a co-signor, while they look for work or complete job training. The Fund has already helped nearly 14,000 workers who have lost their jobs save their homes, and funding is available to assist another 7,000.
Please direct questions concerning the North Carolina Housing Finance Agency or the N.C. Foreclosure Prevention Fund to: Connie Helmlinger, 919-877-5607 or firstname.lastname@example.org; or Margaret Matrone, 919-877-5606 or email@example.com.
CFED Announces Asset-Building Integration Learning Cluster
Do you provide affordable housing options to low- and moderate-income families? Do you often ask yourself how you can help your clients follow a monthly budget so they don’t fall behind on their utility bills?
Are you helping unemployed individuals build the skills they need to find and succeed in their next job? Do you ask yourself how you can help these clients open safe, affordable bank accounts so they don’t lose a big portion of their next paycheck to expensive check cashers?
Do you provide critical services to families in times of crisis? Do you wonder what you can do to help these families build an emergency savings account so they are more prepared for future financial crises?
If you answered yes to any of these questions, you should think about joining this Intensive Learning Cluster! In partnership with the Bank of America Charitable Foundation, CFED’s newest Learning Cluster is an 18-month collaboration between CFED and organizations providing services in the housing, workforce development and emergency assistance (critical needs) sectors. Participating in the Learning Cluster can help you incorporate asset-building strategies—such as getting your clients banked, helping people manage their credit or providing access to free tax preparation assistance—into your existing services.
Organizations who are selected to participate in the Learning Cluster will receive an $8,000 stipend, a full scholarship for CFED’s 2014 Assets Learning Conference in Washington, DC, the opportunity to learn and problem-solve with other members of the Learning Cluster through virtual and in-person convenings, and technical assistance from asset-building experts.
If you are interested in participating, carefully review the Learning Cluster Request for Proposals and submit your project proposal to firstname.lastname@example.org no later than October 21, 2013. If you have questions, email Kori Hattemer.
New NLIHC report: Housing Spotlight: America’s Affordable Housing Shortage, and How to End It
There were over 10 million renter households with incomes at or below 30% of the area median income in 2011. For these extremely low income families, there were only 3 million affordable and available homes. The National Housing Trust Fund could help end this shortage of over 7 million affordable homes.
These are among some of the findings in NLIHC's new report, Housing Spotlight: America’s Affordable Housing Shortage, and How to End It.
The report provides an in-depth analysis of the growing gap between the
number of low income renters and the number of units that are affordable and
available to them. This analysis of the 2011 American Community Survey shows
that for every 100 extremely low income families, there are only 30 affordable
and available rental homes.
Click here to download Housing Spotlight: America’s Affordable Housing Shortage, and How to End It.
New resources on lifecycle underwriting - test the viability of your properties over a 50-year lifecycle
The National Housing Conference and Center for Housing Policy are pleased to announce a suite of materials exploring lifecycle underwriting -- a new way of thinking about the costs of affordable multifamily rental housing.
Rather than looking simply at the initial costs to develop a property and the ability of a property to remain financially viable for an initial 10- to 20-year period, lifecycle underwriting examines whether a property's finances are sufficient to cover the expected costs of maintaining the property over its full lifecycle, which can be as long as 50 years.
The new materials describe the principles behind lifecycle underwriting, the practical and policy implications of this new approach, and the results of a research study applying this methodology to compare the costs of two methods of producing multifamily affordable housing: new construction and acquisition-rehab. The materials also include a free online tool that enables users to apply lifecycle underwriting to their own properties.
The materials include:
- L-Cycle: The Lifecycle Cost Modeling Tool. This free tool enables users to estimate whether a property is likely to have sufficient funds to meet expected capital needs over a full 50-year lifecycle. Users can input basic property characteristics and obtain an estimate of when the property's reserves are likely to show a deficiency under different scenarios, as well as how much in additional funding would be needed to remain viable over a 50-year period.
- Comparing the Costs of New Construction and Acquisition-Rehab In Affordable Multifamily Rental Housing. This research working paper uses the lifecycle cost methodology to compare the total cost of developing and maintaining affordable multifamily rental housing over a 50-year period using either acquisition-rehab or new construction. Our analysis of a convenience sample of more than 200 properties found that, all else equal, new construction added approximately $40,000 to $71,000 (25 to 45 percent) per-unit to the lifecycle costs.
- Lifecycle Underwriting: Potential Policy and Practical Implications. This policy working paper explores the policy and practical implications of lifecycle underwriting and opens up a debate about the trade-offs of financing properties for a 50-year viability period, rather than the more typical 15-year time frame.
- The Lifecycle Cost Adjustment Methodology: An Exploration of the Baseline and Alternative Assumptions. This technical working paper describes the lifecycle cost adjustment methodology in greater detail.
The new materials, available at www.nhc.org/lcycle, were produced by the Center for Housing Policy in partnership with Compass Working Capital and Summit Consulting. The National Housing Conference collaborated with the team on the policy implications paper.
Partnering Landlord Information
The Community Empowerment Fund (CEF) and Housing for New Hope’s programs are of special interest to landlords because of the valuable housing and budget services we provide. We not only help you find tenants for your units, but also to maintain long-term, successful tenants.
Becoming a partnering landlord does not in any way obligate you to use our service, but only confirms that you are open to working with CEF and Housing for New Hope. By becoming a partnering landlord, you can contact us when you have an unoccupied unit to fill or when you have a tenant who needs budget counseling services in order to keep the rent paid.
Why become a partnering landlord?
- Receive rent payments on time
- Recruit successful tenants
- Reduce turnover costs
- Advertise with us
- Have an agency to call with tenant concerns
What We Offer
- Our tenants agree to participate in a “protective payee” service, called Peace of Mind Accounts, which allow our tenants to ensure monthly rent and utilities are paid on time with automatic bill pay services
- CEF works alongside tenants to create budgets and open savings accounts that can keep tenants paying on time, even in case of emergencies
- Housing for New Hope prescreens applicants to make sure that all of our tenants have adequate income and access to services in order to be successful, long-term tenants
- We are someone you can call, and we will do everything in our control to guarantee that our tenants will be the best possible
Invest in your community and become a partner in ending homelessness.
Community Empowerment Fund
Housing for New Hope