Greentownship Townhall Presentation
Transcript of Greentownship Townhall Presentation
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Town Hall Meeting
Cincinnati Metropolitan Housing Authority
Green Township Compliance Update
Thursday, March 7, 20136-7:30 p.m.
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Agenda
History
Compliance Update
Compliance Progress
Cost ComparisonsFAQs
SurveysQuestions
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HISTORY
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History
How did we get here?
HUDs Fair Housing/Equal Opportunity (FHEO)
Green Township investigation (October 7, 2009)
FHEO findings (February 10, 2011)
Lawsuit filed by Green Township (August 1, 2011)
Lawsuit settled between HUD, Green Township
and CMHA (January 26, 2012)
Agreed upon 32 asset management (public
housing) units for families
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History (contd)
Asset Management (Public Housing)
Portfolio of properties that are owned and
managed by CMHA
CMHA maintains the properties, screens residents
for eligibility and enforces the lease
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History (contd)
Housing Choice Voucher (Section 8)
Program for assisting low-income families
Participants choose any housing that meets the
requirements of the program
Vouchers are administered by CMHA, but:
Residents maintain the property
Private landlords enforce the lease
Residents go where private landlords make
housing available; fair housing laws prevent
CMHA from dictating where voucher holders can
live
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COMPLIANCE UPDATE
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Compliance Update
VCA signed - June 2011
CMHA responsibilities Option A
Develop new multi-family housing in Green Township
(financial) March 31, 2013 Report progress to HUD
Site control (options)
Option B
Acquire 32 units in Green Township for rehab Scattered sites
All in one location
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Compliance Update (contd)
When does Option A and/or B have to be
completed? Option A
Demonstrate site control to HUD by March 31, 2013
Financial submission June 30, 2013
Fully leased by June 30,2016
Option B
Fully acquired and rehabbed by June 30, 2015
Fully leased by June 30,2016
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COMPLIANCE PROGRESS
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Compliance Progress
What have we been doing?
Looked into new construction/acquisition-rehab anddemo on Audro Ave. Cost to purchase (owner wanted $800K above appraised
value)
Looked to purchase a multi-family along Cheviot Rd.(Village Square) Owners never responded to request
Looked to purchase land on Harrison Ave. (next to
Lowes) No transportation
Other purchaser
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Compliance Progress (contd)
What have we been doing?
Looked to purchase property off West Fork in Mt.Airy Forest
No transportation
Looked to purchase land along North Bend Rd.near Clark gas station
Land was not feasible for construction
Looked into purchasing the Green ValleyApartments (Harrison Rd. near Rybolt Rd.)
Rehab costs were potentially quite high
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COST COMPARISONMulti-family acquisition/rehab
vs. New construction
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Cost Comparison
Multi Family 32Rehab
Per unit costs - $93K Land purchase
Architecture Fees
Permit Fees Environmental Testing
Total Development Cost $3M
**All numbers based on projections and subject to property condition
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Cost Comparison
Multi Family 32New Construction
Per unit costs - $207K Land purchase
Architecture Fees
Permit Fees Environmental Testing
Total Development Cost $6.6M
**All numbers based on projections and subject to property condition
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Cost Comparison
Multi Family 50New Construction
Per unit costs - $190K Land purchase
Architecture Fees
Permit Fees Environmental Testing
Total Development Cost $9.5M
**All numbers based on projections and subject to property condition
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Cost Comparison
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FREQUENTLYASKED
QUESTIONS
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Frequently Asked Questions
Will the addition of asset management and
affordable housing lower property values?
There is little empirical evidence that
subsidized housing depresses
neighborhood property values. NYULaw & Economics, 2005
Stronger support for [affordable
housing] provides an opportunity to
address a number of Americas mostpressing problems: supplying decent
(places to live) for the growing number
of low-income households, revitalizing
communities hard hit by the
foreclosure crisis, and reducing thenations carbon footprint with more
compact residential redevelopment.
Harvard University, Joint Center for
Housing Studies, 2011
See Fact Sheet foradditional information.
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Frequently Asked Questions
Will this concentrate public housing on the
Westside?
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Frequently Asked Questions How does the concentration of asset management,
HCV properties and affordable housing compare to
the rest of Hamilton County?
7%
93% 87.4%
12.6%
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Frequently Asked Questions
Where do the clients come from?
Housing study 90,000 households in HamiltonCounty have a housing problem
Hamilton County as whole
3 mile radius Family
Church
Overall support group
Employment
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Frequently Asked Questions
What is the most successful housing model for
people of low income? Smaller multi-family mixed income communities
Multi-family in affluent areas:
Access to transportation, grocery stores, amenities Clients are able to mimic existing surroundings and learn a new
standard of living
No longer the most
successful asset
management model
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Frequently Asked Questions
If the Green Township Trustees agree to sell
to CMHA, would they be entitled to morecontrol of final details?
Number of Units: Yes if financially feasible
Design of Building: Yes if financially feasible
Green Space: Yes
Buffers: Yes
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Frequently Asked Questions
If CMHA purchases a property not owned by
Green Township, would Green TownshipTrustees be entitled to more control of final
details?
CMHA plans to work in partnership with Green
Township Trustees and the community at large to
make this a successful collaboration regardless of
the lands previous owner.
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Frequently Asked Questions Since the agreement between Green
Township, CMHA and HUD specifically statedthat Green Township would receive 32 units,why are the numbers of 50 to 80 being
discussed? No intentions of 80 units
50 units has been discussed by CMHA because of
the financial makeup (mixed finance) of Option A. 32 asset management units
18 affordable housing units
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Frequently Asked Questions Is there really a compelling reason to increase
the number of units from 32 to 50? There would still only be 32 units of asset
management (public housing)
Opportunity to improve a blighted area
Create local jobs during construction (short term)
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Frequently Asked Questions What is the difference between the 32 asset
management units and 18 affordablehousing?
Asset management units are subsidized by HUDs
operating subsidy
Affordable housing units receive a one-time tax
credit during construction, but receive no ongoing
rental subsidies
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Frequently Asked Questions What kind of housing mix would your
scattered site Option B include? Multi-family homes (2, 4, 6 or 8): Yes
16+ units in an existing apartment complex:
Possibly
Newly constructed 2, 4, 6 or 8 unit apartments:
Possibly
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Frequently Asked Questions When does CMHA plan to make a formal offer
to purchase the Green Township property? Not until the other parcels are under contract and
the CMHA board has approved the VCA
development option they feel is best for allparties involved.
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Frequently Asked Questions Has CMHA made any offers on the other
sites? Yes
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SURVEY
COLLECTION
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QUESTION COLLECTION
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SPEAKERS