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Slide 2 March 21, 2012 Slide 3 Background Housing Authority History Development Ventures Incorporated Mission Structure Challenges Moving Forward, Together Slide 4 The Housing Act of 1937 (The Wagner-Steagall Act) The American Housing Act of 1949 Historical concentration of poverty Cabrini Green Chicago, IL (1958) Getty Images Slide 5 1949 DHA incorporated 1950 Cooperative Agreement with City 1953 Few Gardens Opened Payments In Lieu Of Taxes (PILOT) for services to DHA residents Slide 6 DHAs mission is to be a leader for affordable housing, providing a safety net, promoting self-sufficiency, leveraging core competencies to generate mixed income development. Slide 7 States have model legislation for the creation of local housing authorities. North Carolinas passed in 1949 City Councils finding of need for Housing Authority to investigate and report on housing conditions U.S. Department of Housing and Urban Development (HUD) created in 1965 Slide 8 City Council appoints six (6) members of DHA Board of Commissioners, Mayor appoints one (1) member One Council member serves as Liaison to DHA Board of Commissions Slide 9 Over 1,800 Public Housing Units 160 Affordable Housing Units Over 2,800 Housing Choice Vouchers More than 900 participating landlords Overall, DHA serves more than 12,000 citizens of Durham Slide 10 DHA has resolved its management issues Slide 11 Slide 12 Slide 13 The Turnaround: Public Housing Management Stable Housing Choice Voucher Program Stable Procurement Normal Approval Levels Slide 14 Loss of more than $1 million in funding Staffing reductions of 11% overall, 26% in Central Office Economic pressures drive greater demand for subsidized housing Slide 15 McDougald Terrace Liberty Street Oldham Towers Club Boulevard Scattered Sites Average Age = 47 years Slide 16 Damar Court Edgemont Elms Slide 17 Strategic Goal Decentralizing Poverty Mixed Income Development Full subsidy for extremely low income Affordable Housing Market Rate Slide 18 Slide 19 DHAs Subsidiary Development Corporation Founded in 1985 Tax-Exempt Non-Profit Staffed by DHA Slide 20 Developer for: HOPE VI (partnered with TCB) Edgemont Elms, Preiss-Steele Place and 1010 Worth Street Renovations Goley Pointe (20 units) Goley Phase (45 units) Central Neighborhood (4 units) Redevelopment of DHA properties Slide 21 City of Durhams Master Planning Process Agency coordination Creative, cooperative approaches to funding challenges Slide 22 Slide 23