affordable housing: doing more with less …………….. in boulder grogan.pdf · 6/7/2012 ·...
TRANSCRIPT
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Affordable Housing: Doing More with Less…………….. In Boulder
It’s the same game ….
Low income housing tax credits
9% and 4%Housing and Urban Development
Tax exempt borrowing (PAB)
Bank Qualified tax exempt bondsCity of Boulder
Local dollars
CDBGHOME
State of Colorado
Federal Home Loan BankPrivate grants and foundations
Deferred developer fees
Our own moneyBridge
Equity
What do we have to work with:
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Federal policyState policy
Local policyComp Plan
Inclusionary HousingPartners
Non profitsService providers
FocusOnly in Boulder
StaffCommitted to mission
Development reviewComplicated /time consuming
but always been like thatInfill and neighborhood issues
Always
What do we have to work with:
BROADWAY WEST
Early 80’s approvalMultiple rehabsShort headway busRec CenterInfillHigh density zoning
BROADWAY WEST
Took longer than planedNo State fundsIncreased costsNew regulationsDrop in lihtc priceInterest rates higher
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BROADWAY WEST
RED OAK PARK
RED OAK PARK
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RED OAK PARK
SalvageandSWAT
Decon andRecycling
RED OAK PARK
RED OAK PARK
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HIGH MAR
HIGH MAR
HIGH MAR
JOSEPHINE COMMONS
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HIGH MAR
BROADWAY WEST
• Our Board
• Our own money
• Partners
RED OAK PARK
• Persistence• Development review pilot project
• Partners
HIGH MAR
• Landbank
• Patience
• Partners
Affordable Housing: Doing More with Less ….. In Boulder
Stuart [email protected]
Affordable Housing: Doing More with Less…………….. In Boulder