ACMA 2008 Summer Conference
Housing & The EconomyAvondale PresentationRogene Hill
Revenue Shortages
Sales Tax Collections @ 2006 Level Property Tax Valuations Down HURF Reductions Expect Income Tax to Decline Water/Sewer/Trash Increasing Delinquencies
Water Bills HOA’s
Strategies
Set Budget @ 6% Decrease Budget Totals $270,410,230
Cut staffing (Total 19.5) Traditional Methods Outsource Parks Maintenance (Save
$100K) Eliminate Programs
Combine Special Events Further Studies Ongoing for Parks & Fleet
New Revenue
Local Ballot Initiative Prop 406 & 407 Dedicated ½ Cent Sales Tax Removes Cap on Items <$5,000 Expands Language to Include Transit
Cultivate Partnerships Leverage Funds
HOA Support “Collection Techniques Workshop” New Residential Improvement Districts in
Development Process Public Private Partnerships for Development City - School District Partnerships
Building Permit Fee waiver for use and programming Joint grant seeking & Research
Investigate Pilots and Partnerships to Save Energy “Green Fridays” and other new initiatives Agency Partnerships, Realtors, Financial Institutions
CODE ENFORCEMENT OVERWHELMED
• Complaints for Vacant Properties Whole Subdivisions Randall Martin Oak Park
• Abandoned Pools
• Squatters
• Graffiti
Stabilize NeighborhoodsRelieve Code
Graffiti Contractor Clean & Lien Provisions of IPMC (114
Properties) Fish in the Pools State Real Estate Office
Collapse of Randall Martin Oak Park
Focus Housing Programs on Foreclosures Forge Internal Synergies
Additional Crime Prevention Remove Blight
Recent Weed Abatement “Before and After”
Create Housing Center
Consolidate Housing Resources Focal Point for Community Housing Program Coordination SS Agencies Share Space Look for Synergies Prepare for Federal or State Programs
Housing and Resource Center
Lessons Learned Fromthe Past
Vacant Public Building = Nuisance
Non Profit Occupy w/o Rent = Cost
Selling in Down Market = Lost Value
Advantages
Staff Occupies Building Social Services/Housing Center @ No
Cost Building = Match for Grant Bldg Operating Subsidy Two-Year Term – Re-evaluate
Sell Houses!
Employer Assisted Housing (EAH) for Police
EAH program for other employees and employers in the vicinity like school districts
Housing Marketing Video
Employer Assisted Housing $20,000 Down Payment Assistance Extra $10,000 for Bank Owned/Foreclosures Forgiven over 10 years @ $2,000/yr New Police Recruits or Existing to Move into
Avondale If Avondale Resident up to $5,000 for rehab
Re imbursement Forgiven over 5 yrs.
EAH for Others
Seek Additional Funding
Talking with Others About Live Near Work Campaign Accentuate the Positive Transit Oriented Development Planning a Fall Campaign
Next Steps
Open Housing Resource Center Continue to Look for Funding Ready for Federal/State Programs Market and Sell Vacant Houses Put Safeguards in Place
Subdivision Regulations HOA Best Practices HOA Academy
Wish List
State Legislature Review Tax Policy Banking Industry Work With Cities
Work Outs with Lenders Approve Short Sales – Realtors Have
Buyers Monitor Investor Ownership Patterns
Shorten Foreclosure Process Properties in Limbo Too Long No One is Responsible
In the Meantime
HOPE FOR RECOVERY!