Welcome to today s webinar: Identifying Expiring Affordable Homes with the National Housing Preservation Database (NHPD)

Transcription

1 Welcome to today s webinar: Identifying Expiring Affordable Homes with the National Housing Preservation Database (NHPD) PRESENTERS Keely Stater, PhD Director of Research and Industry Intelligence Public and Affordable Housing Research Corporation at HAI Group Kelly McElwain Database Manager Public and Affordable Housing Research Corporation at HAI Group Dan Emmanuel Research Analyst National Low Income Housing Coalition Andrew Aurand, PhD Vice President for Research National Low Income Housing Coalition

2 Overview of Webinar Welcome Affordable housing risk factors What is preservation and stakeholders roles NHPD overview Demonstration of NHPD Q & A Coming soon

3 What Does it Mean to Be At Risk Inadequate funding to address capital needs Failed inspections and/or loss of habitability Affordability restrictions ending Conversion to market rate or other use 1985 At Risk Affordability Period Subsidy Awarded Subsidy End Date

4 Nearly 500,000 Units are at Risk of Loss in the Next Five Years

5 Property Risk Factors Built before 1975 For profit ownership Family target tenant type Property Risk Factors Lower percentage of assisted units Low REAC score Less than 50 units

6 Neighborhood Risk Factors Central city Low poverty rates Neighborhood Risk Factors High housing values High median rent relative to region Rent to FMR less than 80%

7 What Does Preservation Mean? Safeguard long term rental assistance for current and future generations Stabilize properties by placing them on solid financial footing Improve and modernize properties through capital repairs At Risk At Risk

8 Your Role in Preservation Advocates Developers Local Government Advocate for the availability of preservation funds and incentives Advocate for the preservation of at risk properties Acquire properties at risk of leaving the affordable housing stock Locate funds to preserve at risk properties Identify and work with owners who may be at risk of opting out Ensure preservation funds and incentives are in place Craft policies that support long term ownership Incorporate preservation into housing needs assessments

9 Common NHPD Uses Locate subsidized properties Estimate properties at risk of losing one or more subsidies Inform preservation strategies Identify tenant and owner rights Create a local preservation database

10 Other Resources to Support Your Role in Preservation Advocates Guide Preservation Workbook Nexus Housing Policy Guide PrezCat Primer on federal affordable housing and community development programs Link, Source: NLIHC Provides exercises and resources to help property owners develop a preservation plan Describes steps to determine a property s funding needs Link, Source: HUD Describes affordable rental housing preservation policies, funding strategies, and case studies Link, Source: National Housing Conference An online, searchable catalog of state and local affordable housing preservation policies Link, Source: National Housing Trust

11 NHPD Overview Data Property Name Property street address Geographic characteristics Unit count Property owner and type Active/inactive subsidies Subsidy end date(s) Subsidy start date REAC score/date Target tenant type Occupancy rate Bedroom unit mix Subsidy Name Subsidy ID Program name Manager name and type Owner name and type Start/end dates Unpaid principal balance Rent to FMR ratio Subsidy status

12 Programs Included Included Programs Section 8 project based rental assistance Section 202 direct loans State HFA funded section 236 Low income housing tax credits (LIHTC) HOME Public housing HUD insured mortgages (affordable only) USDA Section 538 USDA Section 515 USDA Section 514 State funded programs for MA, CT, and FL Excluded Programs State and locally funded programs Project based vouchers McKinney Vento Permanent Housing HOPWA Tax exempt multifamily housing bonds Section 516 Farm Labor Housing Community Development Block Grants (CDBG)

13 NHPD User Enhancements New Variables Occupancy rate Target population Construction date Fair market rent Bedroom mix FL, CT, and MA state subsidies Inactive status description New Features Improved filtering capabilities Inactive properties extract Subsidy extract Preservation profiles New mapping tool Updated subsidy data from HUD and USDA Ability to import new data Improved accuracy

14 Subsidy Status Active Inconclusive Inactive End date is in the future or is public housing End date is missing Section 8: End date has passed by less than one year LIHTC: Subsidy is listed as non programmatic or the 30 year use period has ended Subsidy missing from subsequent data refreshes. End date is in the past. Section 8: End date has passed by more than one year or is listed as terminated HUD Insured Mortgages: Mortgage listed as terminated

15 NHPD Resources Mapping Tool Statewide reports Filterable inventory Downloads

16 Accessing Mapping Tool

17 Mapping Tool Applying Filters

18 Mapping Tool Viewing Selection

19 Mapping Tool Viewing Selection

20 Mapping Tool Viewing Selection

21 Mapping Tool Viewing Infographics

22 Mapping Tool Viewing Infographics

23 Mapping Tool Viewing Infographics

24 Mapping Tool Viewing Infographics

25 Accessing Preservation Profiles

26 Demo

27 Accessing Database

28 Accessing Database

29 Accessing Database

30 Applying Subsidy Filters

31 Applying Subsidy Filters

32 Applying Property Filters

33 Applying Property Filters

34 Applying Property Filters

35 Applying Property Filters

36 Displaying Subsidy Data

37 Downloading Data

38 Downloading Data

39 Questions? NLIHC Andrew Aurand Vice President for Research , ext. 245 PAHRC Kelly McElwain Database Manager , ext

40 Updates for 2018 Reports National Estimates of LIHTC Housing Losing Affordability Restrictions Picture of Preservation Data Biannual data refresh Outreach for state subsidies Webinars