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HomeMy WebLinkAboutP3 Port Arthur Affordable Housing Power Point Presentation (2)Affordable Housing Defined by housing cost not housing type or who lives there! Housing is considered affordable if a household spends no more than 30 percent of their income to live there. 2© 2019 Citizens’ Housing and Planning Association Federal, State, Local Programs Bridge the Housing “Affordability” Gap Support Local Growth and Development –Economic Development Creates Affordable Housing Options Based on Area Median Incomes (AMI) Promotes Economic Development and Attracts Reinvestment Affordable Housing Benefits Addresses Gap between 30% Household Income –Market Housing Rate Cost •Program Based •Administering Agency Public and Private •Income Eligibility •Not Location Restricted •Supports Rental and Home Ownership Housing •Enhances Economic Diversity •Supports Workforce Housing in the local market 3© 2019 Citizens’ Housing and Planning Association Port Arthur Area Median Income (AMI) Port Arthur Affordable Housing 4A -4B Downtown Housing Initiative Neighborhood Stabilization Program Disaster Recovery Financing Entitlement Grant Financing CDBG HOME Low Income Housing Tax Credits 5© 2019 Citizens’ Housing and Planning Association Federal Public Housing, Section 8 Rental Assistance State Disaster Recovery, LIHTC, Bond Financing Local 4A and 4B Economic Development Financing HUD Entitlement –HOME, CDBG, NSP, HOME ARP, Opportunity Zones, Empowerment Zones, Inclusionary Zoning Affordable Housing Resources Port Arthur, Texas Program Beneficiaries Average Salary Average Wage –All Jobs $47,000 Police –Law Enforcement $54,000 –63,000 Teacher –Educators $45,000 -65,000 Refinery –Operators $52,000 –58,000 City Employees $48,000 –56,000 Hotel Hospitality $35,000 –27,000 80% of Median Income 4 -person household $58,900 6© 2019 Citizens’ Housing and Planning Association Public Housing Section 8 LIHTC /Bond Financing Entitlement and Competitive Grants Administered by Local and Regional Housing Authorities Local and Regional Housing Agencies & Housing Authorities TDHCA State of Texas -Public or Private Ownership Formula Grants to City, County, State Jurisdictions. Local Bond –Tax Financing. AMI Income Eligibility <30 -50 -80%AMI <50-80%AMI <60 -80%AMI <80%AMI Other Requirements Disabled person under age 60 Rent Income Restricted 30% of income 30% of income 30% of income 30% of income Where to Apply housing authority housing agencies or housing authorities TDHCA State Housing Agency Funded City, County, State, Agencies Eligible Applicants Federal, State Local Guidelines. priority for current residents –federal preferences Based on Federal, Regulations Regulated State housing agencies Federal and State Guidelines Programs Overview 7© 2019 Citizens’ Housing and Planning Association Affordable, rental housing for low-and moderate-income households owned / operated by housing authority and site based Public Housing Administered by Local Housing Authorities (Port Arthur Housing Authority) Income Eligibility <80%AMI <60%AMI <30%AMI based on program Rent Calculation 30% of monthly income paid by applicants Who Can Apply Income eligible applicants Certification Subject to Income Certification Annually Public / Assisted Housing 8© 2019 Citizens’ Housing and Planning Association Housing Vouchers Programs Covid 19 Rental Assistance Tenant Based Rental Assistance Low Income Housing Tax Credits Vouchers Section 8 Housing Choice Voucher Program Veteran Housing Voucher Program Federal and State Funded Housing Solutions 9© 2019 Citizens’ Housing and Planning Association Two types of vouchers: •Mobile Voucher -Tenant finds her own apartment or unit -Voucher stays with tenant when household moves. Can move anywhere in the eligibility area -Rent must meet applicable fair market rent standards •Project-Based Voucher -Voucher is attached to a particular apartment and does not move with the tenant Section 8 Rental Assistance Housing Voucher programs provide rental assistance to help low-income residents afford apartments –the voucher covers the difference between the rent charged and the tenant’s contribution 10© 2019 Citizens’ Housing and Planning Association City Grants Management: •Administer Entitlement Grant Funded Housing Programs •Local Financing Empowerment Zones, Inclusionary Zoning, Public Improvement Zones, 4A and 4B Financing •Serve as a resource for other housing programs – Opportunity Zones State Grants Management: •Administer Federal Entitlement Grants, Tax Credits, Bond Financing and State Funded Housing Programs Program Administration Housing Authorities Programs: Operate & Maintain Public Housing Administer Rental Vouchers Serve as a resource / applicants for other housing programs LIHTC, Veterans Housing 11© 2019 Citizens’ Housing and Planning Association Affordable housing that is owned and managed privately, including rental & homeownership units Developers receive grants, tax credits, or other incentives in exchange for creating affordable housing units Examples: •Inclusionary Zoning Units –developer required to set aside certain percentage of new units as affordable •4A and 4B Economic Development Financing •Units built by Community Development Corporations (CDCs) or other non-profit developers •Employer Assisted Housing Programs Other Affordable Housing Options 12© 2019 Citizens’ Housing and Planning Association Federal, State, Local Programs Require Certifications to “Affirmatively Further Fair Housing Choice”. Federal Fair Housing Regulations Apply “Affirmatively Further Fair Housing Choice”. •Eliminates disparities in Housing Choice•Fosters Inclusive Communities•Address Discriminatory Housing Practices•Protect Fair Housing Rights of Federal Protected Classes•Supports Rental and Home Ownership Housing Opportunities•Enhances Economic Diversity•Expand Housing Choice and Affordability•Supports reinvestment diversity during revitalization and reinvestment and before market forces eliminate affordability 13© 2019 Citizens’ Housing and Planning Association Downtown Development -The Renaissance at Lakeshore Apartments -901 Fourth Street Downtown Port Arthur, Texas State -State Disaster Recovery and City Infrastructure Funds 14© 2019 Citizens’ Housing and Planning Association Legacy CDC Development –923 5th Street Downtown Port Arthur, Texas Homeownership -City Funded Infrastructure, Lots, Down Payment / Closing Cost 15© 2019 Citizens’ Housing and Planning Association QUESTIONS AND ANSWERS