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Erika C. Poethig Associate Director for Housing

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Erika C. Poethig Associate Director for Housing Affordable Housing: What’s Next Nationally and in Nashville? Nashville, TN March 13, 2008. Outline. MacArthur Foundation Background Window of Opportunity Initiative Major Preservation Barriers Promising Opportunities Key Policy Solutions.

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Erika C. Poethig

Associate Director for Housing

Affordable Housing: What’s Next Nationally and in Nashville?

Nashville, TN

March 13, 2008

outline
Outline
  • MacArthur Foundation Background
  • Window of Opportunity Initiative
  • Major Preservation Barriers
  • Promising Opportunities
  • Key Policy Solutions
preserving and improving affordable rental housing
Preserving and Improving Affordable Rental Housing

Yorktown, Virginia

Community Housing Partnership Corp.

new financing and investment 3 5 billion projected by year end 2007
New Financing and Investment$3.5 Billion Projected by Year-end 2007

Narrangansett, Rhode Island

Preservation of Affordable Housing, Inc.

new stability and stewardship
New Stability and Stewardship

Washington, DC

Community Preservation Development Corp

preservation barriers
Preservation Barriers
  • Information
  • Regulation
  • Incentives
  • Resources
burdensome regulation
Burdensome Regulation

Chicago, Illinois

Community Investment Corp.

insufficient incentives
Insufficient Incentives

Woodfield, Illinois

Hispanic Housing Development Corp.

inadequate resources
Inadequate Resources

Lawton, Oklahoma

Mercy Housing, Inc.

preservation opportunities
Preservation Opportunities
  • Visible, pressing need
  • Cost-effective results
  • Significant policy expertise
  • Innovative, capable developers
  • New financing models
  • State and local leadership
compelling results 74 000 average cost per home through 2006
Compelling Results$74,000Average Cost Per Home through 2006

Phoenix, Arizona

Community Services of Arizona

policy champions
Policy Champions
  • National Housing Trust
  • National Preservation Working Group
  • Stewards of Affordable Housing for the Future
  • Housing Assistance Council
  • National Housing Law Project
  • Housing Preservation Project
  • Housing Partnership Network
  • National Housing Conference
  • American Association of Homes and Services for the Aging
  • National Affordable Housing Management Assoc.
  • National Leased Housing Association
proven developers
Proven Developers

Chicago, Illinois

Chicago Community Development Corp.

model financing programs
Model Financing Programs

Chester, New York

Housing Assistance Council Preservation Loan Fund

state and local leadership new york city
State and Local Leadership:New York City

The Bronx – New York City, NY

Fordham Bedford Housing Corp

state and local leadership cook county illinois
State and Local Leadership:Cook County, Illinois
  • Public-Private Partnership
  • Comprehensive Action Plan
  • 75,000 units preserved by 2020
preservation compact keystones
Preservation Compact Keystones
  • Interagency Coordinating Council
  • Data Clearinghouse
  • Energy Efficiency Program
  • Rental Housing Alliance
  • Property tax improvements
  • Preservation Fund
key policy solutions
Key Policy Solutions
  • INFORMATION: Improve and integrate
  • REGULATION: Clarify and coordinate
  • INNOVATION: Reward state/local initiative
  • INCENTIVES: Increase and align
  • RESOURCES: Invest in long-term, responsible stewardship
for more information www macfound org
For more information:www.macfound.org

Kissimmee, Florida

NHT/Enterprise Preservation Corp.

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