ORANGE COUNTY AFFORDABLE HOUSING COALITION

Description of affordable housing provider services, current stock, capacity, and 5-year projections

www.housingorange.org

Objectives•  To detail the scope of affordable housing providers in

Orange County•  To catalog the current affordable housing stock controlled

by nonprofit and government providers in Orange County

•  To demonstrate the capacity for growth in new development, property management, and creative partnerships within the Orange County Affordable Housing Coalition

•  To outline existing plans for growth, not exclusive to additional potential growth

•  To act as a foundation for further joint planning with Orange County

Homes We Provide

HUD Homelessness

Assistance

Permanent Supportive

Housing

Rentals Based on Income

Elder Housing &

Repairs

Workforce Rentals &

HomeownershipAffordable

Homeownership

Serving households <30% AMI

Serving households <65% AMI

Serving households 65-115% AMI

Combined, members of the Coalition provide over 1600 existing units of affordable housing in Orange County with capacity and plans for growth. Organizations provide housing across a wide spectrum of affordability to meet a broad array of needs.

Households Served by Current Housing Stock

Household Income Units %Below 30% AMI 409 23%Below 65% AMI 1,093 62%Below 80% AMI 235 13%Below 115% AMI 32 2%

Below 30% AMI23%

Below 65% AMI62%

Below 80% AMI13%

Below 115% AMI2%

Organization Housing Units Provided Locations Served in Orange County

Special Populations Served

CASA Rentals with rent payments of 30% tenant's income - permanent supportive & workforce housing

Chapel Hill; Carrboro; soon to be Hillsborough

Homeless, disability, veterans, accept vouchers/ subsidies

Community Home Trust

Affordable homeownership, single family and adached

Chapel Hill; Carrboro; Hillsborough

Accept Homeownership Voucher Program

DHIC Multi-family rental development

Soon to be Chapel Hill

Seniors, Families, Disability

EmPOWERment Affordable rentals, single family and adached

Chapel Hill; Carrboro; Hillsborough

Accept vouchers/ subsidies (85% have vouchers)

Habitat for Humanity

Affordable homeownership, single family and multi-family new construction

Chapel Hill; Carrboro; Efland; Hillsborough

Accept Homeownership Voucher Program

Town of Chapel Hill Public Housing

Rentals with rent payments of 30% tenant's income

Chapel Hill; Carrboro Homeless preference, DV, Seniors, Disabled

Homes We Provide

Home Repair Services We ProvideOrganization Services Provided Locations

ServedSpecial Populations Served

Rebuilding Together

Urgent repair and interior repair provider, elderly/disabled or other homeowner under 65% AMI

County-wide Elderly, disabled homeowners

Self-Help / Jackson Center

Emergency repairs to owners over 62 in Northside with small cap or more comprehensive safety and accessibility repairs to elderly, low income owners

Northside and Pine Knolls neighborhood

Elderly, disabled homeowners

Habitat Brush with Kindness

Exterior repair to households under 80% AMI; corporate grant funds for 1 year only for critical interior repairs

Chapel Hill/ Carrboro/ Hillsborough/ Efland

Elderly, disabled homeowners

Permanently Affordable* Subsidized Apartment ComplexesComplex Location # of

UnitsYear Built

Special Populations Served

Coachwood Hillsborough 20 1981 Low-IncomeGateway Village Hillsborough 64 1982 Low-Income (Section 8

Project Based Funding)First Baptist-Manley Estates

Chapel Hill 41 2000 Seniors (62+)

Adelaide Waters Chapel Hill 24 1984 Low-Income, Seniors (62+)

Elliod Woods/ Chase Park Chapel Hill 79 1974

Weaver Community Housing Association

Chapel Hill & Carrboro

24 N/A Households earning below 60% AMI

* Permanently affordable defined herein to mean those subsidized apartment complexes with long-term commitments to affordability through a nonprofit 501(c)(3) ownership structure or federal / state funding limitations.

Subsidized Apartment Complexes without Permanent Affordability Provisions*

Complex Location # of Units

Year Built

Special Populations Served

Dobbins Hill Chapel Hill 87 1994 Accepts Vouchers

Landings at Winmore Carrboro 60 2010 Accepts Vouchers

Hampton Pointe Hillsborough 48 2013 Low-Income

Eno Haven Hillsborough 76 2011 Seniors (55+)Carolina Springs Carrboro 124 1998 Seniors (55+)

Cedar Hill Apartments Mebane 32 2008 Family

Elmwood Mebane 20 2008 Family

Whided Forest Hillsborough 36 1992 Family

*As Low Income Tax Credit properties developed by private, for-profit developers, there is a possibility that unless there are other enforceable income restrictions through NCHFA or local sources, these units may or may not preserve income restrictions / preserve affordability; Should be further explored.

Current & Planned Affordable Rentals in Orange County, By Organization

530

46

336

2479 84

283 265120

140 54

0

50

100

150

200

250

300

350

400

Approved / Planned 5-Year Growth in Orange Co.

Existing Orange Co. Units

Triangle-Wide Data for Nonprofit Rental Providers in Orange County

Organization Existing Units in the Triangle

Existing Units in Orange County

Planned 5-Year Growth in Orange County

CASA 405 53 120

DHIC 1,900 0 140

EmPOWERment 46 46 54

Town of Chapel Hill 336 336 0

Current & Planned Affordable Homeownership Stock in Orange County, By Organization

245 263

34

90

0

50

100

150

200

250

300

350

400

Community Home Trust

Habitat

Approved / Planned 5-Year Growth in Orange Co.

Existing Orange Co. Units

Combined total: 124 new

planned units for a total of 632

units

Collective Assets Among ProvidersPhysical Assets:

•  Existing land acquired for developmentProperty Management:

•  Infrastructure and systems for property management•  Rent and/or mortgage payment processing systems•  Existing tenant or homebuyer application pipelines, processes and

waiting lists•  Counseling and education to prepare homebuyers’ Contractor and

sub-contractor relationships for timely and quality maintenance or critical repairs

Development Expertise•  Continued in following slides

Collective Assets Among Providers

Development Expertise:

Partnership rehab by Habitat’s A Brush With Kindness and the

Jackson Center

•  Exterior and interior home repair experience and programming

• Urgent repair program implementation

Collective Assets Among Providers

Development Expertise:

Northside home built in a collaboration between

EmPOWERment, Community Home Trust and Habitat in 2005-06 initiative

•  Single-family home acquisition, construction, rehabilitation, and re-sale or rental

Collective Assets Among Providers

Development Expertise:

Sunnybrook Village: 42-unit mixed-income community owned

and operated by CASA

•  Financing, construction, and management of mixed-income, multi-family properties

Collective Assets Among Providers

Development Expertise:

Northside home acquired by Self-Help/ Jackson Center land bank,

re-sold by Community Home Trust

• Operating a land bank for Northside neighborhood

• Technical assistance in land banking strategies and best practices, to support Orange County in pursuing land banking in a broader geography

Collective Assets Among Providers Development Expertise: Land acquisition and development, financing, infrastructure construction, and home building and sales

Mid-Way After

Habitat’s Phoenix Place subdivision development – midway and after development

Collective Assets Among Providers• Broad range of needs and special populations served

across provider spectrum

•  Flexible and creative interest in partnership developments

5-YEAR PLANS FOR GROWTH

Current & Planned Affordable Housing in Orange County, By Type

Combined total: 438 NEW units

for a total of 2,028 units

0200400600800

1000120014001600

Affordable Rentals

Affordable Homeownership

1170

508

314

124

Approved / Planned 5-Year Growth

Existing Orange Co. Units

This chart depicts units that are currently owned or managed by affordable housing providers in Orange County (existing units) and units that are either a) already approved for development or b) for which providers have planned for completion within a 5-year period.

5-Year Plans for GrowthApproved /

Planned 5-Year Growth

NEW Subsidy Dollars Needed

Average NEW Dollars Needed

per UnitNEW UNITSFunded Rental Units (DHIC)

140 $0 (already funded)

Rental Units 174 $6,720,000 $38,620Homeownership Units

124 $4,620,000 $37,258

TOTAL 438 $11,340,000 $38,053*

URGENT REPAIRS & REHABSInterior & Exterior 242 $1,759,000 Avg. $5,000 per

unit exterior repairs, $15,000 critical repairs

* Calculation of average costs based on a total of 298 units needing funding

Cost-Effective Best Practices Models from Similarly Low-Vacancy Communities to Successfully House Vulnerable Populations

Community Solution Timeline Cumulative # of Units

Incomes Targeted

Total Annual Subsidy

Total Subsidy

Housing Locator for voucher programs and homeless programs

9/16 - Ongoing

120 Homeless, 30% AMI, 50% AMI

$40,000 $200,000

Risk Mitigation Fund 9/16 – Ongoing

45 Homeless, 30% AMI, 50% AMI

One-time Fund creation of

$50,000Homeless preference for Housing Choice Vouchers

7/16 – Ongoing

45 (10% of total annual

turnover units)

Homeless $0 $0

TOTAL IMPACT 210 Units $250,000

Additional strategies: Engage UNC on student housing/affordable housing availability solutions, given unfilled student housing units (800+ in 2015-2016 academic year

Potential 5-Year Capacity for Growth for Orange County Affordable Housing Providers

0

200

400

600

800

1000

1200

1400

1600

Affordable RentalsAffordable

Homeownership

1170

508

314

124

100

75

Capacity for Additional Units

Approved / Planned 5-Year Growth

Existing Orange Co. Units

This chart demonstrates the additional carrying capacity of affordable housing providers to develop and manage additional units beyond those already planned for development in this 5-year period, were resources available.

Combined total: 613 NEW units

for a total of 2,203 units

Potential 5-Year Capacity for Growth, All Strategies

1170

508

103

314

124

242210

100

75

0

200

400

600

800

1000

1200

1400

1600

1800

Affordable Rentals Affordable Homeownership

Home Repairs Non-Construction Units

Capacity for Additional Units

Approved / Planned 5-Year Growth

Existing Orange Co. Units

Combining existing unit, planned units, and potential units above and beyond those already planned, across all 4 strategies creates or preserves a total of 1,065 units of affordable housing, adding to a total of 1,678 existing units already created or preserved for a grand total of 2,743.

Total Subsidy Needed for Planned 5-Year Growth (not including dream projects!)

Planned Projects # of Units Subsidy NeededAffordable Rental Units 174 $6,720,000Affordable Homeownership Units 124 $4,620,000Home Repairs 242 $1,759,000Community Solutions (Non-Construction) 210 $250,000TOTAL Planned Units 750 $13,349,000

Planned Projects

Projected Resources for Affordable Housing Projects

Source Annual Projection

5-Year Total

Town of Chapel Hill Affordable Housing Development Reserve

$688,000 $3,440,000

Town of Chapel Hill CDBG $387,000 $1,935,000Town of Carrboro Affordable Housing Fund $500,000 allocated

in 16-17$675,000

Orange County HOME Funding $300,000 $1,500,000

Orange County Affordable Housing Bond N/A $5,000,000

$12,550,000

Collaboration is the New Competition!

Working cooperatively, and sharing resources, the local governments and the nonprofit providers will identify beder opportunities, optimize their

assets and have a greater impact, than if we all continue working separately.

Let’s bring Orange County home… together!