President-elect Joe Biden to NACo Board: Well-functioning counties form the basis for people's trust in government, but financial and operational help from Congress and the administration is necessary. 15 Martin-Mason, L., Proposed Five Year Plan 2016-2021, San Francisco Housing Authority. Nine months after suffering its first COVID-19 death, Westchester County, N.Y. dedicated a memorial to the 1,500 residents and growing that it has lost to the pandemic. Weber County, Utah has a growing urban core…along with a rural character with opposing characteristics and priorities. Although the typical definition of affordable housing varies from one jurisdiction to another, affordable housing is generally defined as housing for which an occupant pays no more than 30% of his or her income for gross housing expenses such as rent and utilities. Although well intended, the strict loan origination guidelines facilitated racial and ethnic discrimination. NACo's Dec. 2 letter to congressional leadership advocated for the extension of the Dec. 30 deadline to spend Coronavirus Relief Fund money. Managers of buildings with income-restricted affordable units must regularly report the incomes of their renters to ensure compliance with their funding sources. This recognition is primarily due to the organization’s willingness to embark on a number of entrepreneurial pursuits that help fund the city’s affordable housing initiatives. At the same time, dropping temperatures are making outdoor recreation less appealing, removing a much safer environment for avoiding transmission. This objective stabilized the housing market, created thousands of construction jobs, and provided affordable housing to millions of people while simultaneously alleviating slum conditions in certain cities. Affordable housing policy favors homeowners over renters—and our tax deductions prove it In 1965, the U.S. Department of Housing and Urban Development (HUD) became a cabinet-level agency. By utilizing a Voucher Homeownership program in addition to revitalization, the city is targeting infill housing and partnerships with various homeownership programs. Other rental assistance programs focus on helping low-income renters obtain quality rental housing. Housing Choice Vouchers: The FY2018 omnibus provides $22 billion for Housing Choice Vouchers (Section 8), an increase of $1.7 billion over FY2017 levels. Zoning and related regulations specify how land may be used: where housing can be developed, how many homes can be built per acre of land, whether apartment buildings are permitted, and how tall buildings can be. These investments typically have lower interest rates, higher loan-to-value ratios, lower origination fees and debt coverage ratios, and longer maturities. To address the quality of housing units, the agency plans to improve its public management scoring system, hire a Customer Relationship Manager to monitor customer satisfaction, renovate and modernize public housing, and provide replacement public housing through the City of San Francisco’s HOPE SF initiative. In Race for Profit, Keeanga-Yamahtta Taylor shows how even those housing policies that sought to create more Black homeowners were stymied by racism and a … It is funded through assessments from the government sponsored enterprises Fannie Mae and Freddie Mac, which provided close to $222 million for HTF in FY2017. In rural, suburban and urban areas, county leaders are working to provide residents with adequate housing without overwhelming costs. Demand for affordable housing has been outpacing supply as real wage growth in the city is not keeping pace with increasing housing prices and rents. Note: All of these levels are adjusted based on how many people are in a household. The acts linked federal and local affordable housing policies and emphasized private sector participation in subsequent affordable housing developments. In 2015, only 25% of eligible households received housing assistance. Land use regulations have become increasingly comp… (Getty Stock Images) With discriminatory housing policies remaining and affordable housing out of reach for millions of Americans, bipartisan … These grants were funded at $2.5 billion, a $130 million increase over the FY 2017 levels. The capital fund increased by $800 million for a total of $2.7 billion and the operating fund increased by $150 million, for a total of $4.55 billion. Other programs that combined the efforts of public agencies and private organizations were the Housing Choice Program, and project-based voucher programs. U.S. Department of the Treasury - Low-Income Housing Tax Credits (LIHTC) creates market incentives for the acquisition and development, rehabilitation of affordable rental housing. To improve housing conditions, the housing authority is addressing security issues by installing cameras where needed, implementing community policing strategies by employing public housing residents to monitor activities, and de-concentrating poverty by replacing public housing with mixed-income developments. The city owns nearly 25% of the housing stock and is actively involved in another 20% of it. It would raise the amount that low-income families would be expected to pay for rent, to 35 percent of the housing recipient’s gross income (an individual or family’s income adjusted for exclusions but not deductions) from 30 percent of adjusted gross income (an individual or family’s income adjusted for the deductions they claim), and allow public housing authorities to impose work requirements. Rewarding incentives to affordable development projects can result in strong long-term benefits for residents and the surrounding community. The housing authority also works diligently to maintain its affordable housing properties and provides residents with amenities such as tennis courts and pools.22. In addition, the priority admittance into public housing for those facing extreme poverty reduced PHA’s rental revenues and operating margins, and consequently, made many public housing projects less-desirable for occupants due to the lack of proper management and maintenance. This is not a product of choice. Housing is a human right. The Housing Acts of 1956 and 1961 expanded the federal government’s role and allowed for private investment in affordable housing by incentivizing developers through lower insurance and mortgage rate subsidies. The program ensures that every citizen has a permanent residence, a diversity of home designs, and a vibrant secondary market for public housing products that is governed by clear and transparent rules.20. The second approach is through homeownership assistance programs that seek to expand access to homeownership. Austin contains one of the first public housing complexes in the nation that is still in use. Some of the milestones in addressing this goal include the implementation of the framework for site-based waiting lists for all developments under HOPE VI. The City of Vienna built a huge system of housing after World War I and provides 400 million euros annually for maintaining it. The housing affordability crisis is affecting counties and residents across the country. A social housing construction boom and increased rental support payments will be critical to economic recovery, experts are warning ahead of the federal budget to be released on Tuesday. These challenges are a direct result of reduced federal funding for public housing, local land-use restrictions, the high costs of maintaining public housing properties, inefficient management practices that reduce operating income, and an accumulation of deferred maintenance items.14, The primary goals of the San Francisco Housing Authority’s Five-Year Plan include expanding the supply of affordable housing, improving the quality of assisted housing, increasing assisted housing choices, and providing improved living conditions and equal opportunities for affordable housing occupants.15. 1661, sponsored by Sen. Maria Cantwell (D-Wash.) and by Rep. Patrick Tiberi (R-Ohio) respectively. The Federal HOME program budget, for example, fell by 62 percent between 2005 and 2015. Key Takeaways At about the same time, the Public Housing Authority (PHA) was created and tasked with making decisions in regards to public housing availability, selecting sites for public housing projects, making operational and ownership decisions for existing housing projects, and issuing tax-exempt bonds for construction financing. Comparing San Francisco and New York’s affordable housing policies, the first apparent difference in the mixed-income housing and inclusionary housing programs is that while New York implemented a plan requiring an allocation of at least 20% of units to low-income households, San Francisco requires developers with more than 10 units to pay into the city’s affordable housing fund or designate 12% of units on the site (20% of units offsite) as affordable17. CHAP’s funds are allocated to non-profits, developers, and various local housing authorities for the creation and preservation of affordable housing. As of 2000, Boulder’s inclusionary housing program requires developers to make at least 20% of the total units built permanently affordable for low-income households (the city defines people earning less than 80% of AMI as low-income). The HOPE VI program adopted in 1993 led to the demolition of many distressed housing projects and replaced them with new, mostly mixed-income developments. During the 1960s, policies were designed to alleviate civil unrest, and in the 1970s, housing policies were used to stimulate the struggling economy. Nearly every county in the United States today is dealing with the challenge of homelessness and housing policy, whether that is a lack of affordable housing or growth capacity issues. The federal government on Tuesday outlined the details of its plan to spend $31.9 million on affordable housing in Ottawa as some councillors geared up … The bills would amend the Internal Revenue Code (IRS) code of 1986 to increase state allocations for the low-income housing tax credit, modify the cost-of-living adjustments, and revise tenant eligibility requirements. Autonomous Vehicles and Commercial Real Estate, Lennar Technology: The Connected Consumer Has Arrived in Multifamily, The Year in Review: Case Competition Success, Impact of Rapid Transit on the Residential Market in Hudson County, New Jersey, Navigating Europe’s Industrial Real Estate Market, Outdoor Dining During COVID-19: The Challenges of Winterization. Since the program’s creation, it has helped to preserve and finance more than two million rental units of affordable housing,4 placing an average of over 1,450 projects and 110,000 units in service each year.5, Created in the 1990s, the HOPE IV program was established to transform public housing projects into mixed-income communities. 12 Gadon, J., Using the New Market Tax Credit to Finance Affordable Housing – Is It Doable, https://www.novoco.com/new_markets/resource_files/article_month/NMTC_article_of_month_0203.pdf. Federal investments in affordable housing have lifted millions of families out of poverty. 14 Karlinsky, S., & Moss, T., Re-Envisioning the San Francisco Housing Authority, SPUR, June 24, 2013. The omnibus also allocates $80 million of the $2.5 billion to addressing youth homelessness. The program is funded via an excise tax on recently-constructed market-rate residential and commercial properties and a 0.8 percent property tax assessment (as of 2005, the housing excise tax was 21 cents per square foot for residential properties and 45 cents per square foot for commercial properties). Non-profit that focuses on advocacy and provides technical assistance to city and county agencies, non-profits and private firms. These affordable federal housing policies, which encourage and enable minorities to buy especially during a boom when houses are more expensive, expose them to … Under the NMTC program, individual and corporate investors receive federal income tax credits in exchange for contributing equity to specialized financial intermediaries, called Community Development Entities (CDEs). National Association of Home Builders (NAHB) - A federation of more than 700 state and local associations, NAHB represents more than 140,000 members and is the voice of America’s housing industry. Throughout American history, affordable housing has been used as a public policy tool. Your Email The percentage of the population seeking affordable housing is expected to increase in the coming years as household income grows slower than rental rates have in the recent past. Similar to the Choice Neighborhood Program, the plan advocates working with local communities by identifying opportunities for preservation. The government’s commitment to affordable housing is evident in the Land Acquisition Act of 1967, which allowed the government to acquire land for public use at low costs, and the Housing Development Act of 1960, which gave the HDB legal authority on public matters, and funding for public housing via the creation of Central Provident Fund (CPF). The federal government has unmatched potential to take on these two core problems. Instead of forming an agreement to pay an organization for the services it provides, counties will agree upon a set of outcomes, and will pay the outside organization according to the outcomes it achieves. Area Median Income (AMI) - To determine whether housing costs or rents are affordable for residents of a certain community, HUD uses the area median income (AMI). The bills would offer several provisions to extend rental assistance for certain multifamily Rural Development rental housing programs. The NMTC was created in 2000 with the passage of the Community Renewal Tax Relief Act. Such programs subsidize the production and rehabilitation of for-sale housing. The Act was the building-block of the current mortgage system, and it revolutionized home ownership in the United States, which, at the time, required buyers to make large down payments. 6 US Department of Housing and Urban Development, About HOPE IV, http://portal.hud.gov/hudportal/HUD?src=/program_offices/public_indian_housing/programs/ph/hope6/about. The tax credits are provided to each state … National Low-Income Housing Coalition (NLIHC) - NLIHC is dedicated solely to achieving socially-just public policy that assures that people with the lowest incomes in the United States have affordable and decent homes. This will support greater private and institutional investment to expand the community housing sector and provide more Australians with access to affordable rental housing. Social Impact Bond (SIB) - Social impact bonds, also called “pay for success” programs, allow county governments to pay only for programs that achieve their objectives. 16 The Mayor has recognized that the shortage of affordable housing has reached a crisis point while at the same time, the private market has been unable to produce enough housing to keep up with the city’s growth. A 30% subsidy (4% tax credit) is applied to new construction projects that use other subsidies, or to qualify for the credit, a developer is either required to allocate 40% of the units to renters making no more than 60% of the area median income (AMI) or 20% of the units must be allocated to renters making no more than 50% of the area’s median income.1 The credits are claimed over a 10-year time period, during which, taxes are offset by the tax credit investor that purchased the credits from the developer at the outset of the project. Affordability— Cooperation between private and non-profit sectors is required to meet demand. The National Housing Act of 1934 created the Federal Housing Administration (FHA). APA's Housing Policy guide identifies policy solutions for planners and local, state, and federal elected officials that address dire housing challenges — including accessibility, affordability, and availability — plaguing rapid and slow growth communities nationwide. Historically, New York City has been at the forefront of implementing affordable housing initiatives, chiefly by enacting the first tenement law, and being home to the first affordable housing development. The percentage depends on whether additional subsidies are used in a project. According to HUD, the program gives state and local agencies the ability to issue roughly $8 billion in tax credits for the acquisition, new construction, and rehabilitation of low-income rental housing. The program provides tax incentives to encourage developers to create affordable housing. Housing Policy Impact: Federal Eviction Protection Coverage and the Need for Better Data. These programs provide low-interest loans to perspective homeowners, homeownership counseling, and down-payment assistance. NACo supported programs such as HOME, CDBG, Section 8 vouchers and public housing are all HUD initiatives that provide affordable housing opportunities for low-and moderate-income families in counties throughout the United States. Affordable Housing Credit Improvement Act, S. 548 & H.R. The CPF ensures employee and employer contributions for employee’s needs ranging from retirement savings and hospitalization expenses to housing and education expenses. 10 US Department of the Treasury Community Development Financial Institutions Fund, New Markets Tax Credit Program, https://www.cdfifund.gov/programs-training/Programs/new-markets-tax-credit/Pages/default.aspx. Rental Assistance Demonstration (RAD): RAD was created to give public housing authorities (PHAs) a tool to preserve and improve public housing properties, in particular the maintenance. Even before the Great Recession, the percentage of Americans paying more than 30% of their gross incomes for housing was increasing. In order to lower development costs, the plan proposes reformed zoning and other regulations, such as reduced parking requirements and the relaxation of various zoning constraints. We need a president who will match the urgency of this issue with concrete, bold plans. A hallmark of economic development in the Washington, D.C. area typically has been competition between localities and states, not collaboration. What are some of the more successful affordable housing programs around the globe and within the United States? The Federal Home Loan Bank Affordable Housing Program is used to finance the construction, purchase or rehabilitation of housing. Public housing in Vienna is not restricted to low-income residents. Counties use the flexibility of CDBG funds to support projects addressing community and economic development priorities, including housing, water, infrastructure and human service needs. In the twentieth century it was used during the Great Depression, and following World War II, when a housing shortage resulted from soldiers returning home to start families. The FHA’s primary charge was to insure the availability of single-family housing loans and to regulate interest rates and mortgage terms. Over the last few years, the housing authority has improved the living conditions in the highest-crime areas of the city and implemented services to help residents requesting assistance. U.S. Department of Housing and Urban Development (HUD) - Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), Housing Trust Fund. Public housing can vary from single family houses to high rise apartment buildings. County News has explored many facets of county governments' response to the COVID-19 pandemic, big and small. National Council of State Housing Agencies (NCSHA) - Non-profit, non-partisan organization created by the nation’s state Housing Finance Agencies to coordinate and leverage their federal advocacy efforts for affordable housing. CDBG: CDBG is funded at $3.3 billion in the FY 2018 omnibus, an increase of $300 million over FY 2017 funding levels. Although past results across the country have varied, Boulder and Austin are two cities that have been relatively successful at implementing affordable housing programs. If Detroit is selected for a federal housing grant, Corktown could see 800 new units of affordable housing over the course of seven years. He called the AFFH rule “a burdensome paperwork exercise with no enforcement that would have done nothing to produce actual affordable housing.” But … Through our Affordable Housing Centre, we provide a hub of resources to help facilitate the creation of new affordable housing or preserve existing affordable housing. San Francisco is ahead of New York City in terms of reformed zoning codes to ensure easier administrative processes for developers. The economy began to recover in August, yet remained largely unstable and far below February levels. They work to ensure that housing is a national priority and that all Americans have access to safe, decent and affordable housing, whether they choose to buy or rent. New York City Mayor Bill DeBlasio has ambitious plans to create more that 80,000 units of affordable housing while preserving another 120,000 existing units. The COVID-19 pandemic has presented counties across the country with difficult, compounding challenges and tighter budgets to address present challenges and plan for recovery. When these mortgages reach the end of their terms (mature), property owners may exit the program—and current law does not allow RHS to continue providing rental assistance when this occurs. CNP requires grantees to build at least one housing unit for every unit of affordable housing that is demolished in the target development area – a stipulation that the original HOPE IV program omitted, and was often criticized for. Although the program was popular, and lead to the creation of more than 500,000 units, it was inflexible during inflationary times because it relied upon the assumption that rental revenues would always cover a building’s operating expenses, annual debt service, and a return to the owner. LIHTC is considered the most significant federal government housing initiative. As the nation enters its ninth month of coronavirus restrictions amidst rising case numbers, “COVID fatigue” is setting in right when it can be most dangerous. To maximize its economic competitiveness globally, the region must expand collaboration locally. COVID Relief Now Coalition Survey Analysis, Committees, State Associations & Affiliates, Affordable housing resources for counties, National Association of Affordable Housing Lenders (NAAHL), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Agriculture (USDA) Rural Housing Service, National Council of State Housing Agencies (NCSHA), List of Housing Finance Agencies, by state, National Low-Income Housing Coalition (NLIHC), National Association of Local Housing Finance Agencies (NALHFA), National Association of Home Builders (NAHB), House Passes National Apprenticeship Act of 2020, EDA Revolving Loan Fund Legislation Signed Into Law, COVID-19 leaves empty seats in county government, President-elect Biden, a county government vet, addresses NACo Board of Directors, Westchester County, N.Y dedicates memorial to COVID-19 victims, Colorado county program helps local businesses, NACo urges Congress to act on direct funding, CRF deadline extension, In-school testing programs combat COVID-19 spread in classrooms, Counties adapt holiday events to meet COVID-19 restrictions, A microcosm of rural-urban divide lives in a Utah county, Pitch for Amazon HQ2 leads to a regional brand, Moore: Regional approaches are necessary for county prosperity, Counties sound alarm about holidays, ‘COVID-19 fatigue’, County resources help military veterans, caregivers, Location and Policy Development for Housing, Counties Rely on Accurate Data to Make Decisions About Economic Recovery, Economic Mobility Leadership Network: 2019-2020, Assessment of County Needs in Economic Recovery from COVID-19, Local Area Unemployment Statistics: An Economic Analysis of COVID-19. 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