HSC Regeneration Forum The Last Chapter First: Lessons Learned
|
|
- Jody Cummings
- 6 years ago
- Views:
Transcription
1
2 HSC Regeneration Forum The Last Chapter First: Lessons Learned May 28, 2012
3 Social Housing in B.C. BC Housing established in 1967 Growth in 50s, 60s and 70s purpose-built public housing Shift towards non-profit partnerships in 70s NHA-insured lender Devolution of federal housing in 2006 Currently serving 95,000 households, from portable rent assistance to supportive housing o Approx. 800 non-profit groups manage 60,000+ units o Only 7,200 units managed by BC Housing
4 The Housing Continuum Emergency Shelter & Housing for the Homeless Transitional Supportive & Assisted Living Independent Social Housing Rent Assistance in the Private Market Private Market Rentals Homeownership $214.1M 10,489 assisted $148.1M 19,047 assisted $317M 41,043 assisted $84.5M 26,456 assisted $11.3M Government-Assisted Housing in Partnership with Housing and Service Providers (Approximately 6% of the province s total housing stock) Partnership Initiatives, Consumer Protection (Building licensing, home warranty insurance, research & education)
5 Challenges: Expiry of Operating Agreements Ageing Housing Stock Changing Tenant Population Financial Pressures
6 Expiry of Operating Agreements 74% of buildings subsidies to expire by 2030 (n = 1270 buildings)
7 Client Groups Affected Independent seniors Low-income families
8 Ageing Housing Stock
9 Changing Tenant Populations Diversity of mandates 22% 2% Housing Supportive housing Health / support services Emergency / transitional housing 56% 20% n = 614 societies
10 Financial Pressures Financial strength is varied 31% 45% Positive Medium Vulnerable 24% n = 763 buildings
11 Where Do We Start? Portfolio Planning
12 A portfolio plan is based on an analysis of current conditions, all future needs and a sustainable transition plan to meet those needs. Current State Desired Future State Transition Plan 11
13 Portfolio Planning Outcomes Awareness of funding needs Defensible decisions Objective evaluations Optimal use of capital funding Risk management Alignment with organizational objectives Revenue growth Balance and diversification
14 What are some of the tools we use? Item Deliverable Tool 1 Need and Demand Analysis Market Segmentation Map 2 Building Condition Assessment Facility Condition Index 3 Tiering Tiering Model 4 Market Analysis 5 Innovation and Optimization Analysis Community Investment Strategy Asset Management Plan
15 Facility Condition Index (FCI) FCI is the ratio of capital liability vs. the replacement value of the components of a building FCI = Capital Liability ($) Current Replacement Value ($)
16 Facility Condition Index (FCI) FCI = Capital Liability ($) Current Replacement Value ($) GOOD Range: FCI (0% - 5%) FAIR Range: FCI (5% - 10%) POOR Range: FCI (10%-30%) CRITICAL Range: FCI (> 30%)
17 What are the Financial Pressures for our Assets? Cumulative Liability = $623,451, /11 Liability = $287,200, /11 FCI = 20% 2020/21 Liability = $570,519, /21 FCI = 39.6% 16
18 Portfolio Tiering Facilitates the segmentation of inventory Assigns scarce resources to higher priority projects Creates direct linkages to corporate priorities Identifies areas of potential benefit
19 Tier Definitions Tier 1 Solid financial performer and of social and strategic value Tier 2 Tier 3 Tier 4 Good financial performer and of social and strategic value Fair financial and performer with limited social and strategic value Poor financial performer of no social and strategic value 18
20 Tiering Options and Actions Tier 1 Retain and Maintain; Sell and Invest/Swap; Sell-Lease- Back; Property Bundling; Commercial Opportunities; Densification Tier 2 Tier 3 Tier 4 Retain, Maintain, and Invest; Partnerships/Leveraging; Densification; Adaptive Re-use Market for Sale; Hold Strategy; Interim Re-Use; Property Bundling; Partnerships Demolish and Hold; Demolish and Re-build; Demolish and Sell; Phased Rust Out; Donation; Land Lease; Commercial Opportunities 19
21 Scope of Portfolio Tiering The 2010 / 2011 scope included all directly managed inventory (approx. 8,000 units) Tiering was completed at the property level (i.e. a high density development is considered a single property) Total of 192 developments (567 buildings) tiered Assessed Value of the inventory tiered = $761 million Deferred maintenance of inventory tiered = $443 million
22 Where do we go from here? Redevelopment Disposition Reinvestment Alternative Financing
23 Redevelopment
24 Redevelopment: Little Mountain Oldest social housing site in B.C. Built in the early 1950s acres with 224 units One, two and three bedroom row-houses Costly repairs and maintenance Redevelopment process began in 2007
25 Financial Aspects Purchase price o Land price o Construction/transfer of 234 units Schedule of payments o Deposit o Payment on completion o Construction of units o Periodic payments on completion of market units o Non-interest bearing VTB mortgage to 2021
26 Principles of Redevelopment Tenants First Relocation of tenants Replacement of subsidized units All tenants have option to return
27 Vision for Little Mountain Variety of buildings Open public spaces Public amenities 1,600 units market housing 224 subsidized 10 new Aboriginal units
28 Redevelopment: Anavets Existing development of seniors housing 3 buildings of 29 units each Under-utilized land Partnership with private developer trades construction of new, larger building for excess land Interim construction loan
29 Redevelopment: Anavets Replace existing units Market development will be 104 residential condos
30 Disposition
31 Benefits of Disposition or Divestiture Portfolio Benefits Description 1. Risk Transfer Many properties are vacant or serving as market rentals 2. Revenue Generation 3. Operational Savings Captures unrealized value for reinvestment into other housing offerings Scattered housing has higher per unit utility, operating and maintenance costs Reduced Capital Liabilities Rationalize Underperforming Assets The scattered housing portfolio represents approx. $18.5 million in capital liabilities for PRHC (avg. FCI > 0.50) Average age profile of all PRHC assets exceeds 40 years; many properties are not well aligned with priority client groups 30
32 Program Scope Easy: Medium: Difficult: Vacant properties; properties rented at or near market rates Properties that require coordinated tenant relocations ; properties with high land value that may require unit replacement Client groups with extended tenure; properties with difficult to coordinate debentures and smaller communities where multiple relocations are required 31
33 Assessment Criteria Portfolio Benefits Description 1. Alignment with High priority Client groups Does the property currently serve one of our high priority client groups? 2. Housing Demand by community Turnover, vacancy rates, other economic indices 3. Building Condition Outstanding capital liabilities; higher per unit O&M costs 4. Redevelopment Potential Housing lot size; value of land vs. improvements, proximity to major amenities 5. Displacement Factors Outstanding debentures, length of tenancy for existing client, options for relocation 32
34 Recommendations Supports for tenants will be provided and relocation standards will be developed as necessary Sell or transfer for maximum return to ensure 1 to 1 replacement of units Explore all options, including market sales, transfers to 3 rd parties or conversion to affordable homeownership All sales or transfers proceed on the basis of market value only Earmark revenue generated for transaction costs and reinvestment into new units where necessary 33
35 BC Housing Divestiture Plan Phase 1 Easy Phase 2 Medium Phase 3 Difficult Timeframe 0 12 months months > 2 years Number of Units Assessed Value $ 6 million $ 15 million $ 19 million 34
36 Reinvestment
37 % Annual Energy Savings Energy Retrofit Pilot 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Chimo 1 Chimo 2 Grandview Terrace Hall Tower ll MacLean Park Seven Maples Woodcroft Amberlea Bonaventure Champlain Heights Cloverhurst CUC Lodge Bethel Pendera Redwoods
38 Energy Retrofit Initiatives: Greenbrook 128 unit row house development built in 1974 $22 M retrofit included: New high performance envelope, roof Solar panels on roof Low flow fixtures Extensive metering (energy & water) Goal was near-zero GHG emissions Achieved 86% GHG reduction in first reporting period
39 Renovation and retrofit Greenbrook
40 Alternative Financing
41 P3 Financing: SRO Renewal Initiative Two discrete programs of work proposed: 1. Recapitalization of 13 properties; and 2. Consolidation and standardization of facilities management functions; Projected capital cost = $ million Federal contributions to date = $30.0 million
42 Why a P3 now for BC Housing? P3 Canada provides a 25% non-repayable grant contribution for eligible capital costs All capital projects with a provincial contribution of $50 million or more will be considered first to be built as public-private partnerships (P3s) unless there is a compelling reason to do otherwise Agencies are encouraged to be innovative and to challenge traditional service delivery approaches and assumptions. Capital Asset Management Framework (CAMF)
43 SRO Renewal Initiative: Challenges Average age profile of SRO hotel properties: 99+ years old All properties are considered municipal heritage sites Many are considered national historic sites Inefficient building systems: most beyond end of service life Some restoration work completed to date (health & safety priorities) SROs represent 20% of all outstanding capital liabilities within BCHMC portfolio
44 SRO Renewal Initiative: Objectives Reduced energy consumption and GHG emissions; Improved livability for client groups Offset capital & life cycle costs thru equity contributions from the private sector Reduced long term capital liability profile Strategic risk transfer Leverage opportunities to enhance local economic and community development Scaleable model for urban renewal
45 HSC Regeneration Forum The Last Chapter First: Lessons Learned May 28, 2012
46
47
48 Brief History Summer 2007 Province of BC Issues RFP- Request for Proposals for Little Mountain Spring 2008 Holborn was selected as Developer
49 December 2009 First Public Open House
50 February 2010 Visioning Workshop with Stanley King
51 September 2010 Public Open Houses & Advisory Committee Meetings. Site Plan Consensus
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
City of Winnipeg Housing Policy Implementation Plan
The City of Winnipeg s updated housing policy is aligned around four major priorities. These priorities are highlighted below: 1. Targeted Development - Encourage new housing development that: a. Creates
More informationHousing Reset :: Creative Advisory Accelerating Non-Profit / City Partnerships What We Heard
Final Version Date: Feb 8, 2017 Housing Reset :: Creative Advisory Accelerating Non-Profit / City Partnerships What We Heard Purpose This Creative Advisory was formed as part of the Housing Reset to generate
More information12. STAFF REPORT ACTION REQUIRED SUMMARY. Date: September 21, Toronto Public Library Board. To: City Librarian. From:
STAFF REPORT ACTION REQUIRED 12. Property Redevelopment Feasibility Date: September 21, 2015 To: From: Toronto Public Library Board City Librarian SUMMARY At the meeting on May 25 2015, the Toronto Public
More informationCITY OF SASKATOON COUNCIL POLICY
ORIGIN/AUTHORITY Planning and Development Committee Report No. 26-1990; Legislation and Finance Committee Report No. 42-1990; City Commissioner s Report No. 29-1990, and further amendments up to and including
More informationSubject. Date: 2016/10/25. Originator s file: CD.06.AFF. Chair and Members of Planning and Development Committee
Date: 2016/10/25 Originator s file: To: Chair and Members of Planning and Development Committee CD.06.AFF From: Edward R. Sajecki, Commissioner of Planning and Building Meeting date: 2016/11/14 Subject
More informationThe Housing and Community Services Agency of Lane County (HACSA) Growing and Preserving Affordable Housing HACSA Board Work Session April 6, 2016
The Housing and Community Services Agency of Lane County (HACSA) Growing and Preserving Affordable Housing HACSA Board Work Session April 6, 2016 HACSA s 2016 2018 Strategic Vision Increase the number
More informationReal Estate Asset Investment Strategy
Real Estate Asset Investment Strategy Item 2 December 8, 2008 Board of Directors To: Board of Directors Report: TCHC:2008-165 From: Chief Executive Officer Date: December 2, 2008 Page 1 of 26 PURPOSE:
More informationProperty Asset Management
Property Asset Management Contributing Departments Planning, Prop. & Devl. 99% Public Works 1% 2007 Budget: $11.3 M Tax Supported Property Asset Mgmt $33.0 M Civic Accommodations Fund $28.7 M Building
More informationDenver Comprehensive Housing Plan. Housing Advisory Committee Denver, CO August 3, 2017
Denver Comprehensive Housing Plan Housing Advisory Committee Denver, CO August 3, 2017 Overview 1. Review of Comprehensive Housing Plan process 2. Overview of legislative and regulatory priorities 3. Overview
More informationNORTHWEST TERRITORIES HOUSING CORPORATION
NORTHWEST TERRITORIES HOUSING CORPORATION OVERVIEW MISSION The mission of the Northwest Territories Housing Corporation (NWTHC) is to ensure, where appropriate and necessary, that there is a sufficient
More informationMODERATE INCOME RENTAL HOUSING PILOT PROGRAM: APPLICATION PROCESS, PROJECT REQUIREMENTS AND AVAILABLE INCENTIVES
PAGE 1 OF 10 Planning - By-law Administration Bulletins Planning and Development Services, 453 W. 12th Ave Vancouver, BC V5Y 1V4 Φ 604.873.7000 fax 604.873.7060 planning@vancouver.ca MODERATE INCOME RENTAL
More informationASSET MANAGEMENT PLAN
Final Report ASSET MANAGEMENT PLAN MOOSE CREEK (CRG File No. 09-147) May 2010 Prepared for: XYZ Housing 1234 7890 Main Street Metropolis Territory, Canada M2N 6N5 Prepared by: CRG CanadaWest, a Division
More informationCITY OF RICHMOND AFFORDABLE HOUSING STRATEGY
CITY OF RICHMOND AFFORDABLE HOUSING STRATEGY 2017 2027 ADOPTED MARCH 2018 City of Richmond Affordable Housing Strategy iii Summary The 2017 2027 City of Richmond Affordable Housing Strategy is the second
More informationINVENTORY POLICY For Real Property
INVENTORY POLICY For Real Property (Broader Public Sector Entities) Page 1-12 CONTENTS 1. TITLE... 3 2. OVERVIEW... 3 3. PURPOSE... 3 4. POLICY STATEMENT... 3 5. APPLICATION... 7 6. EVALUATION AND REVIEW...
More informationHow to Ready Your Organization for the Trudeau Investment in Infrastructure
How to Ready Your Organization for the Trudeau Investment in Infrastructure The National Situation Speaker: Don McBain, OAHS Election Platform 2015 New plan for a strong middle class We will renew federal
More informationPreserving and Increasing Affordable Housing Stock
Preserving and Increasing Affordable Housing Stock Opening Doors Conference November, 2018 Prepared by Altus Group Economic Consulting Affordable Housing for Whom? Shelters Temporary shelter food and other
More informationOFFICE OF THE CITY ADMINISTRATIVE OFFICER
REPORT FROM OFFICE OF THE CITY ADMINISTRATIVE OFFICER Date: To: From: Reference: October 28, 2014 The Honorable Members of the City Council Miguel A. Santana, City Administrative Officer Chair Municipal
More informationDocument under Separate Cover Refer to LPS State of Housing
Document under Separate Cover Refer to LPS5-17 216 State of Housing Contents Housing in Halton 1 Overview The Housing Continuum Halton s Housing Model 3 216 Income & Housing Costs 216 Indicator of Housing
More informationSingle Room Accommodation Permit for Star Beach Haven (658 Alexander Street)
ADMINISTRATIVE REPORT Report Date: January 26, 2016 Contact: Mukhtar Latif Contact No.: 604.871.6939 RTS No.: 11290 VanRIMS No.: 08-2000-20 Meeting Date: February 23, 2016 TO: FROM: SUBJECT: Vancouver
More informationThe cost of increasing social and affordable housing supply in New South Wales
The cost of increasing social and affordable housing supply in New South Wales Prepared for Shelter NSW Date December 2014 Prepared by Emilio Ferrer 0412 2512 701 eferrer@sphere.com.au 1 Contents 1 Background
More information2015 Report on Homelessness and Related Actions on SROs. Presentation to City Council. July 7, 2015
2015 Report on Homelessness and Related Actions on SROs Presentation to City Council July 7, 2015 Overview of 2015 Homeless Count 2 Homeless Count 2015 Standard methodology Date: March 24, 2015 2014 Comparators:
More informationCITY CLERK. Consolidated Clause in Policy and Finance Committee Report 7, which was considered by City Council on July 19, 20, 21 and 26, 2005.
CITY CLERK Consolidated Clause in Report 7, which was considered by City Council on July 19, 20, 21 and 26, 2005. 3 Regent Park Revitalization - Financial Strategy (Ward 28) City Council on July 19, 20,
More informationDRAFT Affordable Housing Master Plan City of Grande Prairie
DRAFT Affordable Housing Master Plan City of Grande Prairie Presentation to Community Development Committee September 28, 2010 Robyn Newton Consulting Joan D Angola Consulting Social Planning & Research
More informationMINISTRY OF SUSTAINABLE RESOURCE MANAGEMENT
The mission of the Ministry of Sustainable Resource Management is to provide provincial leadership, through policies, planning and resource information, to support sustainable economic development of the
More informationGeneral Manager of Arts, Culture and Community Services
ADMINISTRATIVE REPORT Report Date: July 10, 2018 Contact: Sandra Singh Contact No.: 604.871.6858 RTS No.: 12694 VanRIMS No.: 08-2000-20 Meeting Date: July 24, 2018 TO: FROM: SUBJECT: Vancouver City Council
More informationSustaining Affordable Co-op Housing on City Land
Sustaining Affordable Co-op Housing on City Land Council Presentation February 8, 2017 Co-op Housing on City Land Co-op housing on City land plays a vital role in the provision of affordable housing in
More information1.0 INTRODUCTION PURPOSE OF THE CIP VISION LEGISLATIVE AUTHORITY Municipal Act Planning Act...
April 2017 TABLE OF CONTENTS 1.0 INTRODUCTION... 1 2.0 PURPOSE OF THE CIP... 1 3.0 VISION... 1 4.0 COMMUNITY IMPROVEMENT PROJECT AREA..3 5.0 LEGISLATIVE AUTHORITY... 3 5.1 Municipal Act... 3 5.2 Planning
More informationTenants First Scattered Portfolio REOI: Single and Multi-family Houses
Tenants First Scattered Portfolio REOI: Single and Multi-family Houses 1. Background City Council adopted the Tenants First Phase 1 Implementation Plan on July 4, 2017. The following recommendation was
More informationHousing and Homelessness. City of Vancouver September 2010
Housing and Homelessness City of Vancouver September 2010 1 Table of Contents Overview Key Housing Issues Homelessness Rental Housing Affordable Home Ownership Key Considerations 2 OVERVIEW 3 Overview
More informationDRAFT REGIONAL AFFORDABLE HOUSING STRATEGY and METRO VANCOUVER HOUSING CORPORATION
DRAFT REGIONAL AFFORDABLE HOUSING STRATEGY and METRO VANCOUVER HOUSING CORPORATION Presentation to District of North Vancouver Dec 1, 2015 WHY A STRATEGY? Nonprofits Govt Market METRO VANCOUVER HOUSING
More informationJULY 4, BC Non-Profit Housing Association s Submission to the Rental Housing Task Force Consultation Process
JULY 4, 2018 BC Non-Profit Housing Association s Submission to the Rental Housing Task Force Consultation Process Introduction The BC Non-Profit Housing Association (BCNPHA) is pleased to submit this response
More informationOrganizational Framework and Sustainable Funding Options for the Bowen Island Housing Corporation
Organizational Framework and Sustainable Funding Options for the Bowen Island Housing Corporation Prepared for the Affordable Housing Working Group Bowen Island Municipality by Tim Wake Affordable Housing
More informationImplementing Tenants First: TCHC Scattered Portfolio Plan and an Interim Selection Process for Tenant
EX30.2 REPORT FOR ACTION Implementing Tenants First: TCHC Scattered Portfolio Plan and an Interim Selection Process for Tenant Date: January 12, 2018 To: Executive Committee From: Deputy City Manager,
More informationSECURED MARKET RENTAL HOUSING POLICY NEW WESTMINSTER
SECURED MARKET RENTAL HOUSING POLICY NEW WESTMINSTER May 13, 2013 City of New Westminster 511 Royal Avenue New Westminster, BC V3L 1H9 Contents A Secured Market Rental Housing Policy has been developed
More informationINVENTORY POLICY For Real Property
INVENTORY POLICY For Real Property (Consolidated Revenue Fund Entities) Page 1-10 CONTENTS 1. TITLE... 3 2. OVERVIEW... 3 3. PURPOSE... 3 4. POLICY STATEMENT... 3 5. APPLICATION... 7 6. EVALUATION AND
More informationROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING. Section 26 of the Constitution enshrines the right to housing as follows:
1 ROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING Constitution Section 26 of the Constitution enshrines the right to housing as follows: Everyone has the right to have access to adequate housing The
More informationNSW Affordable Housing Guidelines. August 2012
August 2012 NSW AFFORDABLE HOUSING GUIDELINES TABLE OF CONTENTS 1.0 INTRODUCTION... 1 2.0 DEFINITION OF KEY TERMS... 1 3.0 APPLICATION OF GUIDELINES... 2 4.0 PRINCIPLES... 2 4.1 Relationships and partnerships...
More informationSERC 1 Housing Research Review
SERC 1 Housing Research Review George Penfold, Carol Murray, Rebecca Pearson BC-Alberta Social Economy Research Alliance (BALTA) 2008 Symposium November 13-14, Vancouver, BC Presentation Themes Overview
More informationAffordable Housing Strategy: Draft Directions Report
Attachment 1 Affordable Housing Strategy: Draft Directions Report Prepared by City of Guelph Planning, Urban Design and Building Services (December 2015) 1 2 Affordable Housing Strategy: Draft Directions
More informationReport Back to Council: Renter Protection Work Program
Report Back to Council: Renter Protection Work Program Presentation Outline 1. Council Direction Priority for Renters 2. Challenges for Renters Across the Income Spectrum 3. Work to Date and Addressing
More informationAddressing the Finance Barrier: Solar for Low to Moderate Income Properties + Not for Profits. MARK THIELKING- Executive Director
Addressing the Finance Barrier: Solar for Low to Moderate Income Properties + Not for Profits MARK THIELKING- Executive Director EIC Energy Improvement Corporation Not-for-profit, Local Development Corporation
More informationWelcome. vancouver.ca/rezoning
Welcome The City of has received a revised rezoning application to rezone 5679 Main Street from C-2 (Commercial) District to a CD-1 (Comprehensive ) District. The revised proposal is for a 6-storey mixed-use
More informationParticipants of the Ministerial Meeting on Housing and Land Management on 8 October 2013 in Geneva
Summary At its meeting on 2 April 2012, the Bureau of the Committee on Housing and Land Management of the United Nations Economic Commission for Europe agreed on the need for a Strategy for Sustainable
More informationCMHC Helping Canadians in Need MNL Convention
CMHC Helping Canadians in Need 2010 MNL Convention St. John`s s, October 6-9, 2010 Helping Canadians in Need Three Key Corporate Objectives: 1. Help Canadians in need. 2. Facilitate access to more affordable
More informationPROGRAM PRINCIPLES. Page 1 of 20
PROGRAM PRINCIPLES Page 1 of 20 DEVELOPMENT OF THE PROGRAM PRINCIPLES The Program Development Project The Program Principles have been developed as part of the Planning Our Future Program Development Project
More informationHousing Need and Demand Study
Housing Need and Demand Study Consultants Arcangela Roy Keith Harriman What is a Housing Need and Demand Study? The purpose to establish the current and emerging housing needs of a community. It addresses
More informationVancouver Affordable Housing Agency
Vancouver Affordable Housing Agency Vancouver Affordable Housing Agency Progress Report Development Plan and Funding Presented to Vancouver City Council May 30, 2015 Presented by Mukhtar Latif, Chief Housing
More informationARLINGTON COUNTY, VIRGINIA. County Board Agenda Item Meeting of September 24, 2016
ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of September 24, 2016 DATE: September 20, 2016 SUBJECT: Allocation of Fiscal Year 2017 Affordable Housing Investment Fund (AHIF) loan funds for
More informationImplementing the Open Door Affordable Housing Program
STAFF REPORT ACTION REQUIRED Implementing the Open Door Affordable Housing Program Date: June 8, 2016 To: From: Wards: Affordable Housing Committee Deputy City Manager Cluster A Deputy City Manager Cluster
More informationMOTION NO. M Capitol Hill Transit-Oriented Development Purchase and Sale Agreement and Ground Lease
MOTION NO. M2015-34 Capitol Hill Transit-Oriented Development Purchase and Sale Agreement and Ground Lease MEETING: DATE: TYPE OF ACTION: STAFF CONTACT: Board 04/23/2015 Final Action Ric Ilgenfritz, Executive
More informationMINNEAPOLIS SMALL AND MEDIUM MULTIFAMILY ACQUISITION LOAN PROGRAM GUIDELINES (SMMF Pilot)
I. PURPOSE OF PROGRAM MINNEAPOLIS SMALL AND MEDIUM MULTIFAMILY ACQUISITION LOAN PROGRAM GUIDELINES (SMMF Pilot) The SMMF Pilot loan program is designed to be a pilot partnership between the Land Bank Twin
More informationCommunity Housing Federation of Victoria Inclusionary Zoning Position and Capability Statement
Community Housing Federation of Victoria Inclusionary Zoning Position and Capability Statement December 2015 Introduction The Community Housing Federation of Victoria (CHFV) strongly supports the development
More informationGoals, Objectives and Policies
Goals, Objectives and Policies 1. GOAL SUPPORT THE PROVISION OF DECENT, SAFE AND SOUND HOUSING IN A VARIETY OF TYPES, SIZES, LOCATIONS AND COSTS TO MEET THE NEEDS OF CURRENT AND FUTURE RESIDENTS OF UNINCORPORATED
More informationThe Planning & Development Department and the Legal Services Division recommends that Council:
CORPORATE REPORT NO: R066 COUNCIL DATE: April 9, 2018 REGULAR COUNCIL TO: Mayor & Council DATE: April 5, 2018 FROM: SUBJECT: General Manager, Planning & Development City Solicitor Surrey Affordable Housing
More informationNOVA SCOTIA HOUSING DEVELOPMENT CORPORATION BUSINESS PLAN
NOVA SCOTIA HOUSING DEVELOPMENT CORPORATION BUSINESS PLAN 2009-2010 TABLE OF CONTENTS MESSAGE FROM THE NOVA SCOTIA HOUSING DEVELOPMENT CORPORATION...1 1.0 MISSION/MANDATE...2 2.0 Strategic Goal...2 MESSAGE
More informationTown of Yucca Valley GENERAL PLAN 1
Town of Yucca Valley GENERAL PLAN 1 This page intentionally left blank. 3 HOUSING ELEMENT The Housing Element is intended to guide residential development and preservation consistent with the overall values
More informationInnovation Event TACKLING THE EOA MONSTER: WHO IS DOING WHAT AND HOW? September 22, 2015
Innovation Event TACKLING THE EOA MONSTER: WHO IS DOING WHAT AND HOW? September 22, 2015 From Program to Partnership Maria Varlokostas, Manager, Social Housing, City of Toronto, Social Housing Unit September
More informationDeveloper Sponsored Affordable Housing
CITY POLICY POLICY NUMBER: C582 REFERENCE: ADOPTED BY: City Council September 22 2015 SUPERSEDES: New PREPARED BY: Sustainable Development DATE: September 15, 2015 TITLE: Developer Sponsored Affordable
More informationHOUSING ELEMENT TABLE OF CONTENTS INTRODUCTION...HO- 1 BAINBRIDGE ISLAND SNAPSHOT: PEOPLE AND HOUSING.. HO-1
HOUSING ELEMENT TABLE OF CONTENTS PAGE INTRODUCTION...HO- 1 BAINBRIDGE ISLAND SNAPSHOT: PEOPLE AND HOUSING.. HO-1 GMA GOAL AND REQUIREMENTS FOR HOUSING. HO-1 HOUSING NEEDS..HO-2 HOUSING ELEMENT VISION...HO-3
More informationInvestor Presentation. First Quarter 2015
Investor Presentation First Quarter 2015 1 CAUTIONARY STATEMENTS Today s session and our answers to questions contain statements that constitute forward-looking statements about expected future events
More informationTenancy Policy Introduction Legal Framework Purpose Principles Policy Statement Tenancy Statement...
1 Tenancy Policy January 2014 Table of Contents Tenancy Policy... 1 Introduction... 2 Legal Framework... 2 Purpose... 3 Principles... 3 Policy Statement... 4 Tenancy Statement... 4 Tenancy Types... 5 Assured
More informationMayor Darrell R. Mussatto and Members of Council ENHANCED NOTICE AND ASSISTANCE OPTIONS FOR TENANT DISPLACEMENT
14, & \ li f&a Division Manager Director CAO The Corporation of THE CITY OF NORTH VANCOUVER COMMUNITY DEVELOPMENT DEPARTMENT REPORT To: From: SUBJECT: Mayor Darrell R. Mussatto and Members of Council Wendy
More informationPRIMARIS RETAIL REIT Announces Third Quarter Results
PRIMARIS RETAIL REIT Announces Third Quarter Results Toronto (Ontario) November 8, 2011 Primaris Retail REIT (TSX:PMZ.UN) is pleased to report positive operating results for the third quarter of 2011.
More informationNaturally Occurring Affordable Housing Preservation. March 1, 2018
Naturally Occurring Affordable Housing Preservation March 1, 2018 Agenda Miami Affordable Housing Preservation Subsidized and NOAH Preservation NOAH Inventory Solutions Capital Capacity Policy 2 NOAH NOAH
More informationFuture Canadian Embassy, Current state 130 rue du Faubourg Saint-Honoré, Paris
Future Canadian Embassy, Current state 130 rue du Faubourg Saint-Honoré, Paris Canadian Missions in Paris 3 Palais de l Élysée 4 1 2 5 Foreign Affairs Naional Assembly Paris Property portfolio: 1. Canadian
More informationREVENUE LEASING AND LICENSING POLICY
City of Kingston Policies and Procedures Real Estate & Construction Services REVENUE LEASING AND LICENSING POLICY Effective Date May 3, 2011 Revision Date Dec 20, 2011 Revision No. 2.0 Authority Council
More informationNon-Profit Co-operative Housing: Working to Safeguard Canada s Affordable Housing Stock for Present and Future Generations
Co-operative Housing Federation of Canada s submission to the 2009 Pre-Budget Consultations Non-Profit Co-operative Housing: Working to Safeguard Canada s Affordable Housing Stock for Present and Future
More informationCITY OF VANCOUVER ADMINISTRATIVE REPORT
CITY OF VANCOUVER ADMINISTRATIVE REPORT A6 Report Date: August 27, 2007 Author: Cameron Gray Phone No.: 604.873.7207 RTS No.: 06937 VanRIMS No.: Meeting Date: October 2, 2007 TO: FROM: SUBJECT: Vancouver
More informationMETRO VANCOUVER LEVEL HOUSING DATA TABLE JUNE, 2016
Data Source Canada Mortgage and Housing Corporation (CMHC) Statistics Canada Housing Starts & Completions Starts, completions and under construction by dwelling type Apartment starts by size of structure
More informationHOUSING ISSUES IN NORTHERN ALBERTA. June 1, 2007
HOUSING ISSUES IN NORTHERN ALBERTA June 1, 2007 INTRODUCTION Housing is fundamental to our social and economic well-being as individuals and communities. In northern Alberta, development is outpacing housing
More informationTerms of Reference for the Regional Housing Affordability Strategy
Terms of Reference for the Regional Housing Affordability Strategy Prepared by: CRD Regional Planning Services September, 2001 Purpose The Capital Region is one of the most expensive housing markets in
More informationCOMINAR ANNOUNCES 2018 SECOND QUARTER RESULTS AND HIGHLIGHTS
PRESS RELEASE For Immediate Release COMINAR ANNOUNCES 2018 SECOND QUARTER RESULTS AND HIGHLIGHTS Québec City, Quebec, August 9, 2018 Cominar Real Estate Investment Trust ( Cominar or the REIT ) (TSX: CUF.UN)
More informationRental Assistance Demonstration (RAD) Transforming To Thrive RAD. All Staff Information Session March 1, 2017
Rental Assistance Demonstration (RAD) Transforming To Thrive RAD All Staff Information Session March 1, 2017 Agenda Welcome The State of Public Housing RAD Overview HACM Impact Resident Impact Conversion
More informationenter into land leases; 2. donate land; or 3. provide land at below market value.
4.4-1 Date: 2016/06/07 To: Chair and Members of Planning and Development Committee From: Edward R. Sajecki, Commissioner of Planning and Building Originator s files: CD.06.AFF Meeting date: 2016/06/27
More informationThe Corporation of the City of Kawartha Lakes Committee of the Whole Report
The Corporation of the City of Kawartha Lakes Committee of the Whole Report Report Number HH2019-001 Date: January 22, 2019 Time: 1:00 p.m. Place: Council Chambers Ward Community Identifier: Title: Description:
More informationEnd of fixed term tenancy policy
End of fixed term tenancy policy This policy replaces the related clauses of the Tenancy Policies of Circle 33 and Affinity Sutton Homes (AS) and the AS Fixed Term Tenancy Management Procedure. 1. Purpose
More informationAssessing Affordable Housing Need A Practical Toolkit. Jenni Easton, AICP Nick Fedorek
Assessing Affordable Housing Need A Practical Toolkit Jenni Easton, AICP Nick Fedorek Research questions: What should communities know about their housing markets? What can various types of analysis tell
More informationHousing Vancouver Strategy
Housing Vancouver Strategy Presentation To City Council November 28, 2017 Housing Affordability - A City on the Edge 1 ecstaticist The Challenges Are Many and Complex 2 We Need to Do More to Keep Vancouver
More informationSubject Mississauga Housing Strategy: Rental Housing Protection By-law File: CD.06.AFF
Date: 2018/05/04 To: Chair and Members of Planning and Development Committee From: Andrew Whittemore, Commissioner Planning and Building Department Originator s files: CD.06. AFF Meeting date: 2018/05/28
More informationWelcome to the 9 th Annual Spring Housing Conference
Welcome to the 9 th Annual Spring Housing Conference Session One: The Washington Update 1 Opportunity In Focus: Latest Pronouncements from RAD/FHA Update Session Two: QOZ s Optimizing Opportunities 2 Qualified
More informationCity Position on Amendments to O. Reg. 516/06 under the Residential Tenancies Act
REPORT FOR ACTION City Position on Amendments to O. Reg. 516/06 under the Residential Tenancies Act Date: October 31, 2017 To: City Council From: General Manager, Shelter, Support and Housing Administration
More informationHousing & Homelessness Strategy Targets Report Card. Presentation to City Council February 12, 2013
Housing & Homelessness Strategy Targets 2012-2014 2012 Report Card Presentation to City Council February 12, 2013 Recent Headlines 2 Recent Headlines 3 Recent Headlines 4 Council Goals 1. End Street Homelessness
More informationPolicy No Adopted: October 9, Affordable Housing & Social Housing Policy, 2007
Policy No. 13.2 Adopted: October 9, 2007 Affordable Housing & Social Housing Policy, 2007 1 Table of Contents TABLE OF CONTENTS 2 1.0 INTRODUCTION 4 1.1 THE NEED FOR AN AFFORDABLE HOUSING POLICY 4 1.2
More informationImplementing the Housing Now Initiative
REPORT FOR ACTION Implementing the Housing Now Initiative Date: January 11, 2019 To: Executive Committee From: City Manager Wards: All SUMMARY On December 13, 2018, City Council approved the new Housing
More informationHOUSING OVERVIEW. Housing & Economic Development Strategic Plan for Takoma Park Presented by Mullin & Lonergan Associates February 26,2018
HOUSING OVERVIEW Housing & Economic Development Strategic Plan for Takoma Park Presented by Mullin & Lonergan Associates February 26,2018 Overarching Themes & Underlying Bases Takoma Park strives to be
More informationMulti- Storey Tower Blocks: Options Appraisal
NORTH AYRSHIRE COUNCIL Cabinet 20 March 2018 Title: Purpose: Recommendation: Multi- Storey Tower Blocks: Options Appraisal To advise Cabinet of future investment options for the seven multistorey blocks
More informationStanding Committee on Planning, Transportation and Environment
POLICY REPORT SOCIAL DEVELOPMENT Report Date: December 3, 2015 Contact: Mukhtar Latif Contact No.: 604.871.6939 RTS No.: 10987 VanRIMS No.: 08-2000-20 Meeting Date: December 10, 2015 TO: FROM: SUBJECT:
More informationLeduc Foundation 1958 to 2012 An Evolution. Action for Attainable Housing Development Workshop St. Paul, Alberta September 5, 2012
Leduc Foundation 1958 to 2012 An Evolution Action for Attainable Housing Development Workshop St. Paul, Alberta September 5, 2012 Where we are... City of Edmonton County of Wetaskiwin Where we began...
More informationThe South Australian Housing Trust Triennial Review to
The South Australian Housing Trust Triennial Review 2013-14 to 2016-17 Purpose of the review The review of the South Australian Housing Trust (SAHT) reflects on the activities and performance of the SAHT
More informationCity of Brandon Brownfield Strategy
City of Brandon Brownfield Strategy 2017 Executive Summary A brownfield is a property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous
More informationHousing as a Business (HaaB)
Housing as a Business (HaaB) By Ken Jacobs Senior Issues Management Advisor Aboriginal Affairs and Northern Development Canada E-mail: Ken.Jacobs@aandc-aadnc.gc.ca God teaches the birds to make nests,
More informationHousing First. Bridging the Gap for Rural Communities
Housing First Bridging the Gap for Rural Communities BCNPHA RENT Cranbrook, September 15, 2016 Presented by Ingrid Liepa Coordinator, Cranbrook Community Service Alignment Project / Keys to Home Session
More informationThe City shall support a suitable mix of housing by: [9J (3)(c)(5)]
GOALS, OBJECTIVES AND POLICIES GOAL #1: The City of Titusville shall, through its comprehensive plan, make provision for adequate and affordable housing that meet the physical and social needs of all segments
More informationSOCIAL SUSTAINABILITY THROUGH AFFORDABLE HOUSING IN SOUTH AUSTRALIA. Alice Lawson. Urban Renewal Authority, South Australia
SOCIAL SUSTAINABILITY THROUGH AFFORDABLE HOUSING IN SOUTH AUSTRALIA Alice Lawson Urban Renewal Authority, South Australia Alice.Lawson@dcsi.sa.gov.au Paper Presented at the Planning Institute of Australia
More informationHOUSING ELEMENT GOALS, OBJECTIVES, & POLICIES
HOUSING ELEMENT GOALS, OBJECTIVES, & POLICIES GOAL H-1: ENSURE THE PROVISION OF SAFE, AFFORDABLE, AND ADEQUATE HOUSING FOR ALL CURRENT AND FUTURE RESIDENTS OF WALTON COUNTY. Objective H-1.1: Develop a
More informationHOUSING PUBLIC REVIEW DRAFT
11 HOUSING The Housing Element addresses existing and future housing needs for persons of all economic groups in the city. The Housing Element is a tool for use by citizens and public officials in understanding
More informationAffordable Rental Housing in Chapel Hill Challenges and Opportunities. Presented to Mayor s Affordable Housing Task Force June 6, 2013
Affordable Rental Housing in Chapel Hill Challenges and Opportunities Presented to Mayor s Affordable Housing Task Force June 6, 2013 1 Challenges High Barriers to Entry Land costs Entitlement costs Development
More informationPROJECT INITIATION DOCUMENT
Project Name: Housing Futures Phase Two Project Sponsor: Steve Hampson Project Manager: Denise Lewis Date Issued: 15 February 2008 Version No: 1 Background: At Full Council on 31 January 2008 the following
More informationVacancy Management Update Item 7 November 14, 2016 Board of Directors
Page 1 of 8 Vacancy Management Update Item 7 November 14, 2016 Board of Directors Report: To: From: TCHC:2016-47 Board of Directors Vice President, Asset Management Date: November 3 rd, 2016 PURPOSE: To
More informationChapter 4: Housing and Neighborhoods
Chapter 4: Housing and Neighborhoods Introduction Medina is a growing community that provides a variety of housing types and neighborhood styles while protecting and enhancing the City s open spaces and
More information