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2015 Housing Credit Awards

The 2015 Housing Credit awards are now posted on the Agency website:
http://www.nchfa.com/Forms/FundedProjects/2015FundedProjects.pdf

Through your efforts, credits were awarded to 43 projects in 36 counties totaling 2,828 units.  Six tax exempt bond projects totaling 862 units were also approved this cycle.  Thanks to all who participated.

As a reminder, the Agency is accepting comments on the 2016 Qualified Allocation Plan.  Please submit comments by Friday, September 4th to be considered before release of the first draft.  You may email comments to rentalhelp@nchfa.com or mail to:

NC Housing Finance Agency
Attn: Rental Investment
3508 Bush Street
Raleigh, NC 27609

 


2016 QAP Comments

The Agency is accepting comments on the 2016 Qualified Allocation Plan.  Please submit comments by Friday, September 4th to be considered before release of the first draft.  You may email comments to rentalhelp@nchfa.com or mail to:

NC Housing Finance Agency
Attn: Rental Investment
3508 Bush Street
Raleigh, NC 27609

 

 

Survey on Impediments to Fair Housing in NC

NC Housing Finance Agency is working with other state partners to begin our five-year strategic plan for the use of federal housing funds that is part of the Consolidated Planning Process. As part of that effort, we are interested in getting a better understanding of the kinds of impediments to fair housing choice that exist in the state. We are working with the Department of Commerce to conduct a survey to help solicit feedback from our partners, advocacy groups, residents, and other stakeholders on this issue. If you have a moment, please consider taking the time to offer your thoughts. The survey can be found here:

https://www.research.net/r/2015NorthCarolinaFairHousingSurvey

 


FHLBank Atlanta AHP Income Limits Calculator and Expanded Methodology Released

The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is excited to introduce a new household income methodology that could increase the number of customers eligible for our multifamily and homeownership products. The new methodology allows for increases in household income limits for over 91 percent of the 599 counties in our district. 

Due to this expansion in income limits, we have also launched an AHP Income Limits Calculator to assist you in easily determining your household eligibility.

What Does this Mean for North Carolina?

The new income methodology expands the portfolio of eligible customers in 89 percent of counties in North Carolina. For example, in Wilkes County, N.C., the new methodology results in a $5,650 increase in eligibility for a four-person household, which is a 13 percent increase compared to last year’s methodology.

How Does It Work?

  • The new income methodology selects the most advantageous of four calculation methodologies to determine FHLBank Atlanta AHP Income Eligibility
  • The easy-to-use calculator automatically provides the highest income limit based on household size
  • The calculator also provides the AHP maximum rent limits for efficiency and 1-4 bedroom units for each income level (80%, 65%, and 50%)

We encourage you to take advantage of the AHP Income Limits Calculator, available on FHLBank Atlanta’s website, and discover the expanded opportunities to enhance housing affordability in the communities you serve.

For additional information on the calculator, or for more information on our suite of multifamily and homeownership grant products, visit our website at www.fhlbatl.com or contact:

Joel Brockmann
Rental Production Manager
404.888.8156
jbrockmann@fhlbatl.com

Maxima Sims
Ownership Production Manager
404.888.8366
msims@fhlbatl.com

 

 

Get NCCPR’s New Citizen's Guide to the NC Legislature App!

Created by the N.C. Center for Public Policy Research, this 2015-2016 Citizen’s Guide to the N.C. Legislature mobile app edition contains contact and biographical information for all members of the N.C. General Assembly in individual legislator profiles. The app is generously sponsored by EMC2 and available for free download on iOS devices.

Download from the App store here! https://itunes.apple.com/us/app/citizens-guide-to-n.c.-legislature/id963...

You will also find analysis and insights like:

• Highlights and Trends for Legislators’ Demographics and Occupations

• Bills that generated statewide attention during the past legislative session and how each legislator voted on the significant legislation

• Legislative effectiveness, attendance, and voting participation rankings

• District maps and committee assignments

   

 

 

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.

Download and read the paper now.

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 cshelmlinger@nchfa.com; or Margaret Matrone, 919-877-5606 or mamatrone@nchfa.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.

Download the Request for Proposals here.

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 rfp@cfed.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. 

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.

Contact us:

(919) 351-9756
services@communityempowermentfund.org

Community Empowerment Fund
www.communityempowermentfund.org

Housing for New Hope
www.housingfornewhope.org

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