Evaluating Projects Reaching Expiry- The Service Manager EOA Toolkit

Transcription

1 Webinar Series

2 Evaluating Projects Reaching Expiry- The Service Manager EOA Toolkit Speakers Derek McMaster, Program Administrator, Social Housing Unit City of Ottawa Scott Robertson, Business Development and Relationship Manager, (HSC) Oct 19,2016

3 About SHARE ONLINE RESOURCE HUB EOA Resource Centre Building Capacity Revitalization EVENT SERIES Webinar Series Innovation Events Regeneration Forum http: //share.hscorp.ca

4 Resources from this webinar Click Read More

5 Fall SHARE 2016 Webinars Nov 2 To register, go to the events tab on the SHARE website- Webinar Series

6 Speakers: Derek McMaster, CPA, CMA, Program Administrator, Social Housing Unit, City of Ottawa Scott Robertson, Business Development and Relationship Manager, Housing Services Corporation

7 About this Webinar In this webinar you will learn about the Service Manager EOA Resource Toolkit: HSC Ontario Planning Guide for Federal Former Programs Legal Considerations Communication plans for housing providers and tenants (collect information) Template for undertaking Simplified EOA financial review to determine operating viability and capital funding adequacy Considerations and options to explore and assess after EOA Usability of the subsidy scenario templates Decision analysis flow chart

8 Service Manager EOA Working Group 1) Stephen Arbuckle, City of Ottawa 2) Kelly Black, District of Timiskaming 3) Chantille Davis, OMSSA 4) Annette Keogh, Manager, Prince Edward Lennox & Addington 5) Tim Leung, City of London 6) Margaret McCutcheon, City of Toronto 7) Anna McGregor, County of Dufferin 8) Darlene Piseuna-Ray, Region of Peel 9) Derek McMaster, City of Ottawa 10) Lisa Oliveira, HSC 11) Scott Robertson, HSC 12) Elizabeth Yih-Hutchinson, City of London 13) Adam Sweedland, City of Hamilton 14) Maria Varlokostas, City of Toronto 15) Denis Desmeules, City of Greater Sudbury 16) Judy Lightbound, HSC 17) Josh Browne, City of London 18) Arfona Zwiers, County of Simcoe 19) Jennifer McLaughlin, Region of Peel

9 Expiry of Operating Agreements Guide: Created by HSC for Ontario s former federal housing programs Many of the planning steps can also be applied to former provincial housing programs and LHC s

10 Expiry of Operating Agreements Guide: There are five steps outlined in the guide to establish an EOA Plan Step 1 Determine Project Viability Net operating income (is there enough money to pay the bills?) Capital needs (Is there enough money to maintain the building in reasonable condition?) Not enough money? You will need subsidy Step 2 Review Other Factors Legal implications Mandate and tenant mix Social sustainability the building was created 30 years ago. Is it still meeting the needs of the community as best as possible? Step 3 Explore and Assess Options Increase revenue Increase capital Find operational efficiencies (share services and procurement) Transfer assets to another organization

11 Expiry of Operating Agreements Guide: There are five steps outlined in the guide to establish an EOA Plan Step 4 Consult and finalize the preferred option(s) Step 5 Implement the preferred option(s) Greater success will be realized when Service Managers and housing providers work together

12 Legal Issues NOT Legal Interpretation Provides a summary of the legal issues Sets out some general legal considerations that apply in all cases, regardless of the strategy being considered. Includes a list of the potential strategies and legal issues NOTE: This Memorandum does not consider any special rules governing co-operatives.

13 Legal Issues Document Financing Redevelopment Property Considerations Sale of Portfolio Assets Portfolio Management General Governance and Corporate Considerations Obligations of the Board Compliance with Income Tax Act Compliance with Articles and Letter Patent Compliance with Bylaws Registered Charity Non-Profit Organization Employee Issues HST Issues Use and Regulation of Property Diversify Revenue Streams business activities or commercial use of space Mergers/ Amalgamations Differences btw an amalgamation, merger consolidation Governing Legislation Contractual obligations Transfer of real property trigger tax consequences Contractual Considerations Personnel Considerations Shared Services Arrangements Specific Legal Issues in Potential Strategies Proposals Increase Rent Revenues (market & RGI tenant rent) Reducing % of RGI units Adjusting tenant mix Taking higher rent tenants at turnover

14 HSC EOA Support Phase 1 Intro to EOA, Mortgages and Debentures Phase 2 Key Considerations Phase 3 Opportunities, Challenges and Best Practices Phase 4 Creating a Plan Customized: Service Manager, Housing Provider, Board of Directors, Council In-person or webinar (depending on content delivery)

15 EOA Toolkit Materials HSC Resources Communication Plan Diagrams 3 Step Toolkit template and Guide Toolkit example scenarios

16 EOA Toolkit Materials EOA Communication Plan Guide Aim is to help Service Managers plan their communications with housing providers and tenants. Timelines Template Letters

17 EOA Toolkit Materials

18 EOA Toolkit Materials

19 EOA Toolkit Materials 3 Step Toolkit Template and Guide

20 EOA Toolkit Materials 3 Step Toolkit Template and Guide

21 EOA Toolkit Materials

22 EOA Toolkit Materials 3 Step Toolkit Example Scenario Section 95 Municipal Non-Profit Seniors Mandate

23 Questions? Control Panel- Questions pane Type your questions here then click send

24 EOA Resource Centre

25 EOA Resource Centre- Events (Access past audio and video recordings)

26 Thank you Contact: Lisa Oliveira Program Manager, Strategic Asset Renewal Initiatives Housing Services Corporation w ext. 247

27 http: //share.hscorp.ca