greentownship townhall presentation

7/28/2019 Greentownship Townhall Presentation

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Town Hall Meeting

Cincinnati Metropolitan Housing Authority

Green Township Compliance Update

Thursday, March 7, 20136-7:30 p.m.


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Agenda

History

Compliance Update

Compliance Progress

Cost ComparisonsFAQs

SurveysQuestions


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HISTORY


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History

How did we get here?

HUDs Fair Housing/Equal Opportunity (FHEO)

Green Township investigation (October 7, 2009)

FHEO findings (February 10, 2011)

Lawsuit filed by Green Township (August 1, 2011)

Lawsuit settled between HUD, Green Township

and CMHA (January 26, 2012)

Agreed upon 32 asset management (public

housing) units for families


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History (contd)

Asset Management (Public Housing)

Portfolio of properties that are owned and

managed by CMHA

CMHA maintains the properties, screens residents

for eligibility and enforces the lease


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History (contd)

Housing Choice Voucher (Section 8)

Program for assisting low-income families

Participants choose any housing that meets the

requirements of the program

Vouchers are administered by CMHA, but:

Residents maintain the property

Private landlords enforce the lease

Residents go where private landlords make

housing available; fair housing laws prevent

CMHA from dictating where voucher holders can

live


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COMPLIANCE UPDATE


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Compliance Update

VCA signed - June 2011

CMHA responsibilities Option A

Develop new multi-family housing in Green Township

(financial) March 31, 2013 Report progress to HUD

Site control (options)

Option B

Acquire 32 units in Green Township for rehab Scattered sites

All in one location


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Compliance Update (contd)

When does Option A and/or B have to be

completed? Option A

Demonstrate site control to HUD by March 31, 2013

Financial submission June 30, 2013

Fully leased by June 30,2016

Option B

Fully acquired and rehabbed by June 30, 2015

Fully leased by June 30,2016


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COMPLIANCE PROGRESS


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Compliance Progress

What have we been doing?

Looked into new construction/acquisition-rehab anddemo on Audro Ave. Cost to purchase (owner wanted $800K above appraised

value)

Looked to purchase a multi-family along Cheviot Rd.(Village Square) Owners never responded to request

Looked to purchase land on Harrison Ave. (next to

Lowes) No transportation

Other purchaser


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Compliance Progress (contd)

What have we been doing?

Looked to purchase property off West Fork in Mt.Airy Forest

No transportation

Looked to purchase land along North Bend Rd.near Clark gas station

Land was not feasible for construction

Looked into purchasing the Green ValleyApartments (Harrison Rd. near Rybolt Rd.)

Rehab costs were potentially quite high


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COST COMPARISONMulti-family acquisition/rehab

vs. New construction


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Cost Comparison

Multi Family 32Rehab

Per unit costs - $93K Land purchase

Architecture Fees

Permit Fees Environmental Testing

Total Development Cost $3M

**All numbers based on projections and subject to property condition


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Cost Comparison

Multi Family 32New Construction


Architecture Fees


Total Development Cost $6.6M



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Cost Comparison

Multi Family 50New Construction


Architecture Fees


Total Development Cost $9.5M



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Cost Comparison


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FREQUENTLYASKED

QUESTIONS


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Frequently Asked Questions

Will the addition of asset management and

affordable housing lower property values?

There is little empirical evidence that

subsidized housing depresses

neighborhood property values. NYULaw & Economics, 2005

Stronger support for [affordable

housing] provides an opportunity to

address a number of Americas mostpressing problems: supplying decent

(places to live) for the growing number

of low-income households, revitalizing

communities hard hit by the

foreclosure crisis, and reducing thenations carbon footprint with more

compact residential redevelopment.

Harvard University, Joint Center for

Housing Studies, 2011

See Fact Sheet foradditional information.


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Will this concentrate public housing on the

Westside?


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Frequently Asked Questions How does the concentration of asset management,

HCV properties and affordable housing compare to

the rest of Hamilton County?

7%

93% 87.4%

12.6%


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Where do the clients come from?

Housing study 90,000 households in HamiltonCounty have a housing problem

Hamilton County as whole

3 mile radius Family

Church

Overall support group

Employment


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What is the most successful housing model for

people of low income? Smaller multi-family mixed income communities

Multi-family in affluent areas:

Access to transportation, grocery stores, amenities Clients are able to mimic existing surroundings and learn a new

standard of living

No longer the most

successful asset

management model


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If the Green Township Trustees agree to sell

to CMHA, would they be entitled to morecontrol of final details?

Number of Units: Yes if financially feasible

Design of Building: Yes if financially feasible

Green Space: Yes

Buffers: Yes


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If CMHA purchases a property not owned by

Green Township, would Green TownshipTrustees be entitled to more control of final

details?

CMHA plans to work in partnership with Green

Township Trustees and the community at large to

make this a successful collaboration regardless of

the lands previous owner.


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Frequently Asked Questions Since the agreement between Green

Township, CMHA and HUD specifically statedthat Green Township would receive 32 units,why are the numbers of 50 to 80 being

discussed? No intentions of 80 units

50 units has been discussed by CMHA because of

the financial makeup (mixed finance) of Option A. 32 asset management units

18 affordable housing units


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Frequently Asked Questions Is there really a compelling reason to increase

the number of units from 32 to 50? There would still only be 32 units of asset

management (public housing)

Opportunity to improve a blighted area

Create local jobs during construction (short term)


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Frequently Asked Questions What is the difference between the 32 asset

management units and 18 affordablehousing?

Asset management units are subsidized by HUDs

operating subsidy

Affordable housing units receive a one-time tax

credit during construction, but receive no ongoing

rental subsidies


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Frequently Asked Questions What kind of housing mix would your

scattered site Option B include? Multi-family homes (2, 4, 6 or 8): Yes

16+ units in an existing apartment complex:

Possibly

Newly constructed 2, 4, 6 or 8 unit apartments:

Possibly


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Frequently Asked Questions When does CMHA plan to make a formal offer

to purchase the Green Township property? Not until the other parcels are under contract and

the CMHA board has approved the VCA

development option they feel is best for allparties involved.


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Frequently Asked Questions Has CMHA made any offers on the other

sites? Yes


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SURVEY

COLLECTION


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QUESTION COLLECTION


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SPEAKERS

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