The Dollar $ and Sense of Affordable Housing in Arlington 2015.
-
Upload
gabriella-snow -
Category
Documents
-
view
216 -
download
0
Transcript of The Dollar $ and Sense of Affordable Housing in Arlington 2015.
![Page 1: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/1.jpg)
The Dollar$ and Sense
of Affordable Housing
in Arlington
2015
![Page 2: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/2.jpg)
This module will help you...
Appreciate the public-private partnership that creates/preserves affordable units in Arlington
Understand the major cost componentsLearn how the community benefitsAnswer questions and counter
misunderstandings
Updated June 3, 2015
![Page 3: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/3.jpg)
Myths you may hear
• The County pays a lot of money for affordable housing.
• It’s charity: the people who live in it don’t work or contribute.
• The market can be trusted to solve the problem.
• Affordable housing providers don’t pay taxes.
![Page 4: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/4.jpg)
Q1Why does Arlington County
pay [fill in a large number here]for an affordable* unit?
*a committed affordable unit, or CAF
![Page 5: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/5.jpg)
AIt doesn’t!
CAFs are privatelydeveloped and owned.
A County LOAN contribution leverages other $$.
![Page 6: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/6.jpg)
A note about partnership
• Other area jurisdictions have at least some public housing.
• Arlington’s public-private partnership model has become today’s “best practice.”
![Page 7: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/7.jpg)
County dollars are loan dollars. . . from AHIF, the County’s revolving
Affordable Housing Investment Fund
Less than a of each AHIF dollar is from the County general revenue fund
Source Affordable Housing Implementation Framework Draft 2.0, 2/19/15
![Page 8: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/8.jpg)
AHIF loan dollars
• County has allocated $161M+ since FY08
• to create/preserve/renovate 2,517 units• averaging $64k in County funds per unit
for past 8 years• collecting $69M in timely loan repayments
and payoffs and• $31M in developer contributions
![Page 9: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/9.jpg)
Leveraging public loan dollarsDevelopers generally leverage $34 for every County loan $1Typical funding sources for Typical funding sources for
tax credit projects in Arlington acquisition projects in Arlington
Source Affordable Housing Implementation Framework Draft 2.0, 2/19/15
![Page 10: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/10.jpg)
Leveraging public dollarsLand banking/contribution by developers
The Serrano, purchased by AHC in 2014 for $62M, preserves 280 affordable/workforce/market-rate units
Property can be subdivided to add mixed-use, mixed-income, or affordable units
![Page 11: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/11.jpg)
Leveraging public dollarsLand banking/contribution by developers
The Springs, a 27-unit property purchased by APAH in 1997
Provides land on the urban fringe near Ballston for a new, 104-unitmixed-use development
![Page 12: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/12.jpg)
Q2Why do committed
affordable unitscost so much?
![Page 13: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/13.jpg)
ALand!!
. . . and they are built to County and State codes and requirements.
CAF costs are comparable tonew market-rate units.
![Page 14: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/14.jpg)
Major cost drivers
• Land values• Building standards/required materials• Undergrounding of parking/utilities• Green/sustainable building practices• Retail space set-asides
![Page 15: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/15.jpg)
Land prices add to costs
2009 APAH preserved Buchanan Gardens, paying $12M for 111 units
~$108k per unit
![Page 16: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/16.jpg)
Land prices add to costs
2011 AHC preserved Arbor Heightsfrom market-rate uptick, paying $35M for 198 apartments in 8 buildings on 8.5 acres
~$177k per unit
![Page 17: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/17.jpg)
Quality materials, like brick and glass• help developers compete when
seeking tax credits• comply with standards desired by
the community (as expressed in the Neighborhoods Form-Based Code)
• help make buildings distinctive more attractive streetscapes
Quality materials add costs
![Page 18: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/18.jpg)
but make attractive neighbors
![Page 19: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/19.jpg)
Parking adds to costs
Undergrounding parking costs• Average $35k per space• Can cost much more depending on
site conditions
![Page 20: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/20.jpg)
“Greening” adds costs
Virginia gives EarthCraft* points towards tax-credit awards
*Energy, water, and resourceefficiency standards geared for the SE
Arlington’s Neighborhoods Form-Based Code requires EarthCraft or LEED**
**Re-uses materials or uses recycled,green, and low- or no-emission products;
practices ecological balance in energy use.
![Page 21: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/21.jpg)
Retail set-asides . . .
Required by County for street-front properties, retail space requires• additional parking spaces • higher ceilings and retail “fixtures” • staff to handle retail leasing and
management
![Page 22: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/22.jpg)
Q3Sure, those living in committed-
affordable units benefit.
But what about the rest of us?
![Page 23: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/23.jpg)
ACAFs provide benefits to the
wider community.
![Page 24: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/24.jpg)
Community benefits
Job creation, short- and long-term
ResidenceConstruction
jobsLong-term
jobs
Arlington Mill 341 26
The Jordan 258 19
Residential New Construction Economic Impact Calculator http://housingvirginia.org/Res-New-Cons-Econ-Imp-Calc.aspx
![Page 25: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/25.jpg)
Community benefits
Housing for employees in key sectors
A large majorityof CAF householdsare workinghouseholds
Source Housing Division, Arlington County CPHD, Feb 2015
![Page 26: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/26.jpg)
Community benefits
Lower environmental impact/ greater efficiency
• EarthCraft/LEED building standards • SmartCards are provided for many CAF
residents • Access to public transit keeps more cars
off the road
![Page 27: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/27.jpg)
Community benefits
Sidewalks and streetscapes
Attract businesses,foot traffic, buzz . . .
and more businesses
Invite walking,contemplation,sense of place
Ellen’s Trace
![Page 28: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/28.jpg)
Accessibility/inclusion
CAFS provide housing for persons with special needs
Permanent supportive housing (PSH) and barrier-free units
. . . help integrate persons with disabilities and the elderly into the
community
![Page 29: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/29.jpg)
Accessibility/inclusion
Permanent Supportive Housing (PSH)• 197 CAFs leased by persons with
disabilities and youth aging out of foster care
• PSH program provides case management, rental assistance, and other support services
• 81% of PSH tenants served since 2004 program launch have remained in permanent housing
![Page 30: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/30.jpg)
Education benefits
• Montessori school @ The Jordan serves 24 kids ages 35 (1/3 residents of affordable housing, 2/3 local community)
• vPoint at Clarendon construction preserved/renovated
education buildinghousing early childhood
programs for 170+ children
![Page 31: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/31.jpg)
Education benefits
• Greenbrier Learning Center provides afterschool enrichment at APAH properties.
• AHC community centers offer afterschool, tutoring, teen, ESL, and stay-in-school programs.
![Page 32: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/32.jpg)
Education benefits
• Since 2008, all 61 teens in AHC’s program have graduated high school and 80%+ have gone to college.
![Page 33: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/33.jpg)
Education benefits
• In 2014, 92% of elementary students in AHC after-school programs improved reading level by one grade and/or read at/above grade level.
• Summer camps prevent “learning loss.” • Student stability helps neighborhood
schools.
![Page 34: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/34.jpg)
Preservation/renovation
Retaining neighborhood feel/ renewing local landmarks
Some examples . . .
![Page 35: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/35.jpg)
Preservation/renovation
vPoint at Clarendon
vPoin
![Page 36: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/36.jpg)
Preservation/renovation
Colonial Village, Wesley Housing
![Page 37: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/37.jpg)
Preservation/renovation
Buchanan Gardens, APAH
Housing that“fits” families
![Page 38: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/38.jpg)
Preservation/renovation
The Gates, AHC
![Page 39: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/39.jpg)
Preservation/renovation
The Larkspur, CPDC
![Page 40: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/40.jpg)
Stability benefits
Affordable, family-size apartments allow stable communities without overcrowding.
• Average annual turnover in Arlington CAFs 20%
• Nationwide turnover rates hover around 50%*
Relatively low turnover for CAF tenants suggest they contribute to community stability.**
*Multifamily Executive, Feb 2013
**Arlington County Housing Division, August 2014
![Page 41: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/41.jpg)
Economic benefits
Dollars flow back into ArlingtonNonprofits not exempt from taxes and fees
• AHC properties paid $2.6M in real estate taxes in 2014.
• APAH properties paid $1.9M in real estate taxes in 2014.
![Page 42: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/42.jpg)
Dollars flow back into Arlington• APAH has paid $797K for permits, tap,
and inspection fees (PTI) for The Springs, a 98-unit property under construction in Ballston
• AHC paid $723k in PTI for The Shell, a recently-opened 83-unit building on Columbia Pike
Economic benefits
![Page 43: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/43.jpg)
To summarize . . .
Arlington does not develop and own affordable housing.
It lends to private developerswho leverage additional non-County
funds (3 or 4 to 1) to build and who repay their loans on time.
![Page 44: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/44.jpg)
To summarize . . .
Affordable housing costs no more to build than market-rate units for land, design, materials, and labor . . .
. . . and its developerspay their share of taxes and fees.
![Page 45: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/45.jpg)
To summarize . . .
Affordable housing benefits the community, not just its tenants, through Attractive new buildings or
renewed/renovated properties
Job creation and convenient, stabilizing housing for workers in vital economic sectors
![Page 46: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/46.jpg)
Long-term tenancy as well as resident services programs, helping stabilize neighborhoods and schools
Targeted efforts to support student success . . . and skills for further education and employment
![Page 47: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/47.jpg)
Reliable and supportive housing for persons with disabilities
Taxes and fees to County coffers
![Page 48: The Dollar $ and Sense of Affordable Housing in Arlington 2015.](https://reader035.fdocuments.net/reader035/viewer/2022062804/56649e695503460f94b66ade/html5/thumbnails/48.jpg)
Please visit our website
AllianceforHousingSolutions.org
for more on these and other topics in housing affordability.