Developing Affordable Housing Without Vouchers
On Monday, August 15, 2016, at 1:30 pm, the National Low Income Housing Coalition (NLIHC) will host a webinar “Financing and Operating Affordable Housing for Extremely Low Income Households” for advocates and developers.
The webinar will focus on options and considerations related to financing and operating affordable housing for extremely low income (ELI) households – those with incomes at or below 30% of the area median income.
Many consider developing rental units affordable to ELI households without relying on vouchers to be impossible. NLIHC’s National Housing Trust Fund (HTF) Developer Advisory Group recently published two short briefs on strategies for funding ELI housing and on options and considerations related to using operating assistance and operating assistance reserves for HTF projects to achieve 30-year ELI affordability without depending on vouchers.
NLIHC’s Ed Gramlich and Paul Kealey will provide an overview of the Advisory Group’s papers.
Former Homes for America President and CEO Nancy Rase and Community Frameworks Senior Housing and Community Developer Ginger Segel, both members of the HTF Developer Advisory Group, will be on hand to share reflections and answer your questions.
The national HTF requires that at least 80% of a state’s HTF allocation must be used to produce, rehabilitate, or preserve rental housing, that 100% of a state’s allocation in 2016 must benefit ELI households, and that HTF-assisted units must remain affordable for at least 30 years. Participants will learn how this can be accomplished and what the pitfalls are.
The national HTF is a dedicated fund intended to provide revenue to build, preserve, and rehabilitate housing for people with the lowest incomes. The NHTF will provide communities with funds to build, preserve, and rehabilitate rental homes that are affordable for extremely and very low income households.
The NLIHC is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes.
In advance of the first allocations of the national Housing Trust Fund (HTF), NLIHC is working with leaders in each state who will mobilize advocates in support of HTF allocation plans that benefit ELI renters to the greatest extent
The NLIHC’s goals are to preserve existing federally assisted homes and housing resources, expand the supply of low income housing, and establish housing stability as the primary purpose of federal low income housing policy.
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