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Blanca Ramirez Hudson Housing Capital ( 212) 218- 4462 Blanca.Ramirez@hudsonhousing

Supportive Resident Services: Challenges and Rewards Texas Housing Conference July 28-30, 2014 Hilton Hotel Austin, TX.

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Blanca Ramirez Hudson Housing Capital ( 212) 218- 4462 Blanca.Ramirez@hudsonhousing

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  1. Supportive Resident Services: Challenges and RewardsTexas Housing ConferenceJuly 28-30, 2014Hilton HotelAustin, TX

  2. PresentersModeratorJOT Couch, Texas Inter-FaithPanel MembersRoland Broussard, Realtex Development Corp.Ellie Miles, Portfolio ResidentStephanie Naquin, TDHCABlanca Ramirez, Hudson Housing

  3. Supportive Resident Services: Challenges and Rewards Blanca Ramirez Hudson Housing Capital (212) 218- 4462 Blanca.Ramirez@hudsonhousing.com

  4. The Development Financing • Mixed Financing Models • Mixed Use • Mixed Income • Integrated Supportive Housing Opportunities and Challenges Partnerships • Joint Ventures • Government Partnerships

  5. Types of Development Projects

  6. Financing a Deal

  7. The Players

  8. Core Outcomes

  9. Castle Gardens - Harlem, New York • 50 studio units - homeless individuals • 13 one-, two- and three-bedroom units for homeless families with at least one member who is formerly incarcerated; • 50 studio to three-bedroom apartments affordable to community residents and families earning 50-60% of Area Median Income • 1 apartment for live-in superintendent. Developer/Servicer Provider: The Fortune Society Co-developer: Jonathan Rose Companies Development Budget: $43 Million

  10. Financing • Capital Sources • Low Income Housing Tax Credits • NYS Housing Finance Authority Subsidy • Homeless Housing Assistance Program • NYC Supportive Housing Loan Program • Mayor’s Fund • NY City Council • Borough President Capital Funds • NYS Energy Research Development Authority • Enterprise Green Communities • Rental Subsidy • 76 Units - Project Base Section 8 • 35 Units - New York/New York III • Supportive Services • Cash Flow from Rents • Department of Homeless Services Subsidy • New York/New York III

  11. Fairview Village – Phoenixville, PA • 11 low-income units at 60% AMI • 25 public housing units • 1-,2- and 3-bedroom units • Designated for incomes between 20% AMI to 60% AMI • 6 SH Units (Mental Health) Developer: Pennrose Properties Co-Owners: Pennrose Properties and Housing Authority of the County of Chester (“HACC”) Development Budget: $9 Million

  12. Financing • Capital Sources • Low-income Housing Tax Credits Equity • Owner/Housing Authority • Chester County Department of Community Development • Rental Subsidy • 25 Units - Public Housing Authority ACC Funds • Supportive Services • Cash Flow from Rents • Chester County Department of Human Services

  13. Montabella Pointe- San Antonio, TX • 36 one-bedroom units: designated for incomes between 30% AMI to 60% AMI • 72 two-bedroom units: designated for incomes between 30% AMI to 60% AMI • 36 three-bedroom units: designated for incomes between 30% AMI to 60% AMI Developer/Servicer Provider: Housing and Community Services, Inc. Development Budget: $18 Million

  14. Financing • Capital Sources • Low Income Housing Tax Credits Equity • TCAP • Bexar County HOME Loan • City of San Antonio Funds • Rental Subsidy • None • Supportive Services • Cash Flow from Rents

  15. Questions…. Blanca Ramirez Hudson Housing Capital (212) 218- 4462 Blanca.Ramirez@hudsonhousing.com

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