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Presentation from Partners in Innovation Policy Forum in Denver, CO on September 28, 2010.
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Public Agencies, Partnerships and Preserving Affordability
NHC Preservation ForumSeptember 28, 2010
2
Housing as a Platform for Success
•Community Impact» Green Communities » Sustainable Housing Policy» Transit Oriented Development» Land Banking» All housing programs
Housing as a Platform for Success•Green Communities and Sustainable Housing Policy
»Integrated Design»Smart Site Location»Compact Development»Water Conservation»Energy Efficiency»Environmentally friendly materials
Housing as a Platform for Success
•Land Banking»Secure land along transit corridors»Secure land in high value areas
•Transit Oriented Development
•All Housing Programs
Sustainable Communities Partnership
• Links transportation and public infrastructure investments to positive community outcomes.
• “Corridors of Opportunity” vision inspires our work together
• Framework drives funding proposals» Living Cities» Ford Foundation» Sustainable Communities
COMMUNITY-SUPPORTED DEVELOPMENT FRAMEWORKS CREATE A CORRIDOR-LONG VISION AND PLAN
TRANSPORTATION
PLANNING
TRANSIT PROJECTENGINEERING
LAND
USE
SUPPORTIVE JOINT PLANNING AND
DECISIONMAKING
MEMORANDA OF
UNDERSTANDIN
GJOINT POWERS
AGREEMENTS
BUSINESS ORGANIZATIONSNEIGHBORHOOD
COUNCILSCIVIC GROUPS
COMMUNITY DEVT CORPORATIONS
PUBLIC CAPITAL
INVESTMENT
DECISIONS ARE
BASED ON CLOSE
COLLABORATION
AMONG
STAKEHOLDERS
PUBLIC AND PRIVATE INVESTMENTS:v Create sustainable equitable
communities v Promote economic
development v Improve natural systemsv Develop equitable “whole
communities” with resilient businesses
v Improve transportationv Enhance area’s tax base
AFFORDABLE HO
USIN
G
BUSINESS SU
PPORT
PRIVATE INVESTMENT SUPPORTS COMMUNITY-BASED PLANS
INVESTMENT FRAMEWORKS IMPLEMENT COMMUNITY-BASED PLANS
10-YEAR CORRIDORS OF OPPORTUNITY VISION
LOW-INCOME RESIDENTS
BUSINESS OWNERS
CITY GOVERNMENT
COUNTY GOVERNMENT
METROPOLITAN COUNCIL
MnDOT
DEEDMINNESOTA
HOUSING
Challenges to Preservation
• Data management• Understanding the projects likely to fail• Opt out by owners• Decline of property - high costs to rehab
Strategically Preserving in High Impact Communities• Interagency Stabilization Group
• Preservation Plus Initiative
Interagency Stabilization Group
• One-stop Shop convened in 1993• Intergovernmental policy and work-out group• Driving factors
» Responsible stewardship» Flexible resources
• Monthly meetings• Assignment of Lead Agency• Review by Technical Committee
Interagency Stabilization Group -- Results• ISG: Since 1993, $90 million invested in
preserving more than 5,000 units• GM-ISG: Since 1999, $40 million invested
in preserving more than 3,300 units• Stewardship Council: Since 2005, $5
million invested in preserving more than 200 units
Preservation Plus Initiative1. Identify and resolve gaps in existing
preservation processes and resources. 2. Improve early detection of at-risk properties
using the Watch list, Minnesota’s successful property risk predictive model.
3. Increase the operational capacity of owners and developers of existing affordable rental housing.
4. Develop a preservation strategy for unsubsidized affordable housing.
5. Capitalize a new flexible $2 million revolving loan fund.
Projected Units Preserved: 12,000
Summary
• To position housing as a platform for success and achieve greater results, we must:
» Be creative.» Articulate a vision.» Work collaboratively.» Align federal, state, metro & local public resources
and private investments with community aspirations.
For More Information Contact
n.us
400 Sibley Street, Suite 300
St. Paul, MN 55101
651-296-7608 | 800-657-3769 | TTY 651-297-2361
www.mnhousing.gov
