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Erika C. Poethig Associate Director for Housing

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

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  1. Erika C. Poethig Associate Director for Housing Affordable Housing: What’s Next Nationally and in Nashville? Nashville, TN March 13, 2008

  2. Outline • MacArthur Foundation Background • Window of Opportunity Initiative • Major Preservation Barriers • Promising Opportunities • Key Policy Solutions

  3. Housing Research

  4. Transforming Public Housing in Chicago

  5. Preserving and Improving Affordable Rental Housing Yorktown, Virginia Community Housing Partnership Corp.

  6. Window of Opportunity Initiative:45,000 Homes Preserved by 2007

  7. New Financing and Investment$3.5 Billion Projected by Year-end 2007 Narrangansett, Rhode Island Preservation of Affordable Housing, Inc.

  8. New Facilities and Programs

  9. New Stability and Stewardship Washington, DC Community Preservation Development Corp

  10. Preservation Barriers • Information • Regulation • Incentives • Resources

  11. Incomplete Information

  12. Burdensome Regulation Chicago, Illinois Community Investment Corp.

  13. Insufficient Incentives Woodfield, Illinois Hispanic Housing Development Corp.

  14. Inadequate Resources Lawton, Oklahoma Mercy Housing, Inc.

  15. Preservation Opportunities • Visible, pressing need • Cost-effective results • Significant policy expertise • Innovative, capable developers • New financing models • State and local leadership

  16. “We are taking one step forward and two steps back…” -- Nicolas Retsinas, March 2006

  17. Compelling Results$74,000Average Cost Per Home through 2006 Phoenix, Arizona Community Services of Arizona

  18. 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

  19. Proven Developers Chicago, Illinois Chicago Community Development Corp.

  20. Model Financing Programs Chester, New York Housing Assistance Council Preservation Loan Fund

  21. State and Local Leadership:New York City The Bronx – New York City, NY Fordham Bedford Housing Corp

  22. State and Local Leadership:Cook County, Illinois • Public-Private Partnership • Comprehensive Action Plan • 75,000 units preserved by 2020

  23. Preservation Compact Keystones • Interagency Coordinating Council • Data Clearinghouse • Energy Efficiency Program • Rental Housing Alliance • Property tax improvements • Preservation Fund

  24. 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

  25. For more information:www.macfound.org Kissimmee, Florida NHT/Enterprise Preservation Corp.

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