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Preserving Affordable Rental Housing Research and Data from Florida

Preserving Affordable Rental Housing Research and Data from Florida. Anne Ray June 28, 2013. Assisted Housing Inventory (AHI). 2,266 developments with 246,577 assisted units Active funding from HUD, USDA, Florida Housing, local housing finance agency

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Preserving Affordable Rental Housing Research and Data from Florida

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  1. Preserving Affordable Rental HousingResearch and Data from Florida Anne Ray June 28, 2013

  2. Assisted Housing Inventory (AHI) • 2,266 developments with 246,577 assisted units • Active funding from HUD, USDA, Florida Housing, local housing finance agency • Data re: location, subsidies, target population, ownership, tenant characteristics

  3. Lost Properties Inventory (LPI) • Developments that have left the assisted inventory since 1993 • 600 developments with over 52,000 affordable units • Annual survey of rents, vacancies and voucher acceptance

  4. LPI: Tracking Losses Over Time Assisted Units in Florida by Year of Loss, 1993-2012 Source: Shimberg Center for Housing Studies, Lost Properties Inventory

  5. LPI: What happens after subsidies are gone? • Most (70%) developments continue as rentals; 20% converted to condos, some vacant/demolished • Of rentals, 61% affordable at 60% AMI and nearly all affordable at 80% AMI; none affordable at 30% AMI • More than half don’t accept vouchers, although most former HUD and LIHTC properties do

  6. LPI: Other lessons learned • Preservation comes in waves: early LIHTC/bond projects, condo conversion, foreclosure/distress, maturing loans • Non-profit owned, elderly/disabled housing can be at risk too • Property loss and preservation are not all-or-nothing phenomena

  7. Florida’s Preservation Initiative • 52 developments, 5,121 assisted units, including 3,117 with HUD or RD project-based rental assistance • Most target special populations or add ELI/special needs units

  8. Affordable Housing Suitability Model • GIS-based model to evaluate suitability of parcels for affordable housing development, preservation

  9. Affordable Housing Suitability Model LPI and AHI Properties by Transit Accessibility, Orange County

  10. Affordable Housing Suitability Model LPI and AHI Properties by Neighborhood Characteristics, Orange County

  11. Affordable Housing Suitability Model Transit Accessibility + Neighborhood Characteristics, Orange County

  12. Affordable Housing Suitability Model LPI and AHI Properties, All Layers, Orange County

  13. Contact Information Anne Ray aray@ufl.edu 352-273-1995 Main Shimberg site: http://www.shimberg.edu Data Clearinghouse: http://flhousingdata.shimberg.edu

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