ACMA 2008 Summer Conference

Housing & The EconomyAvondale PresentationRogene Hill

Revenue Shortages

Sales Tax Collections @ 2006 Level Property Tax Valuations Down HURF Reductions Expect Income Tax to Decline Water/Sewer/Trash Increasing Delinquencies

Water Bills HOA’s

Strategies

Set Budget @ 6% Decrease Budget Totals $270,410,230

Cut staffing (Total 19.5) Traditional Methods Outsource Parks Maintenance (Save

$100K) Eliminate Programs

Combine Special Events Further Studies Ongoing for Parks & Fleet

New Revenue

Local Ballot Initiative Prop 406 & 407 Dedicated ½ Cent Sales Tax Removes Cap on Items <$5,000 Expands Language to Include Transit

Cultivate Partnerships Leverage Funds

HOA Support “Collection Techniques Workshop” New Residential Improvement Districts in

Development Process Public Private Partnerships for Development City - School District Partnerships

Building Permit Fee waiver for use and programming Joint grant seeking & Research

Investigate Pilots and Partnerships to Save Energy “Green Fridays” and other new initiatives Agency Partnerships, Realtors, Financial Institutions

CODE ENFORCEMENT OVERWHELMED

• Complaints for Vacant Properties Whole Subdivisions Randall Martin Oak Park

• Abandoned Pools

• Squatters

• Graffiti

Stabilize NeighborhoodsRelieve Code

Graffiti Contractor Clean & Lien Provisions of IPMC (114

Properties) Fish in the Pools State Real Estate Office

Collapse of Randall Martin Oak Park

Focus Housing Programs on Foreclosures Forge Internal Synergies

Additional Crime Prevention Remove Blight

Recent Weed Abatement “Before and After”

Create Housing Center

Consolidate Housing Resources Focal Point for Community Housing Program Coordination SS Agencies Share Space Look for Synergies Prepare for Federal or State Programs

Housing and Resource Center

Lessons Learned Fromthe Past

Vacant Public Building = Nuisance

Non Profit Occupy w/o Rent = Cost

Selling in Down Market = Lost Value

Advantages

Staff Occupies Building Social Services/Housing Center @ No

Cost Building = Match for Grant Bldg Operating Subsidy Two-Year Term – Re-evaluate

Sell Houses!

Employer Assisted Housing (EAH) for Police

EAH program for other employees and employers in the vicinity like school districts

Housing Marketing Video

Employer Assisted Housing $20,000 Down Payment Assistance Extra $10,000 for Bank Owned/Foreclosures Forgiven over 10 years @ $2,000/yr New Police Recruits or Existing to Move into

Avondale If Avondale Resident up to $5,000 for rehab

Re imbursement Forgiven over 5 yrs.

EAH for Others

Seek Additional Funding

Talking with Others About Live Near Work Campaign Accentuate the Positive Transit Oriented Development Planning a Fall Campaign

Next Steps

Open Housing Resource Center Continue to Look for Funding Ready for Federal/State Programs Market and Sell Vacant Houses Put Safeguards in Place

Subdivision Regulations HOA Best Practices HOA Academy

Wish List

State Legislature Review Tax Policy Banking Industry Work With Cities

Work Outs with Lenders Approve Short Sales – Realtors Have

Buyers Monitor Investor Ownership Patterns

Shorten Foreclosure Process Properties in Limbo Too Long No One is Responsible

In the Meantime

HOPE FOR RECOVERY!