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HomeMy WebLinkAboutSubmittal-The Growing Crisis in Rental Housingr Submitted into the public record in connection with item -yr. on 10.2.3 IQ City Clerk THE GROWING CRISIS IN RENTAL HOUSING April 2014 Miami Coalition for the Homeless u THE GROWING CRISIS IN RENTAL HOUSING THE OPPORTUNITY FOR COI I.FCTIVE IMPACT Our community, state and nation are faced with both a growing need for affordable rental housing and an opportunity to chart a new direction toward economic vitality and beneficial social impact. Many circumstances have come together to create a large window of opportunity for this to happen, including the existence of affordable housing trust funds designed to address this demand. The need to use these Submitted into the public record in connection with item ILI on ID• 3.1 City Clerk Renter -occupied Units in Miami - Dade County - 2000 to 2012 383,630 327,449 2000 346,119 2005 2012 Source: U.S. Census Bureau, ACS. funds as originally intended is amplified by the increasing crisis in develop the necessary housing, trust fund moneys will have a significant positive local economies, including job creation and an increase in consumer activities. SUMMARY OF RECOMMENDATIONS rental housing. If used appropriately to impact on the state and 1. Increase Federal and State Appropriations for Affordable Housing: Federal, state and local Miami - Dade legislators must actively support increasing the federal and state funding for affordable housing. This includes the state Sadowski programs, SAIL and SHIP, the federal National Housing Trust Fund and the CDBG, HOME, Section 8, LIHTC, and Public Housing programs. 2. Allocate More Housing Funding For the Lowest Income Families: State, federal and local policy makers must work vigorously to increase the proportion of federal, state and local funding awarded to the development of affordable housing for the lowest income households. Funding sources include SAIL and federal tax credits awarded by the Florida Housing Finance Corporation, and SHIP, CDBG, HOME and Surtax dollars awarded by the Miami -Dade Department of Public Housing and Community Development. 3. Advance Innovative Sources of Funding for Affordable Rental Housing: Miami -Dade County's local and state policy makers must work with affordable housing advocates and developers to advance innovative sources of funding to increase the supply of affordable rental housing for extremely -low income residents. This includes innovative public funding, as well as the Miami Homes For All® Campaign, a local initiative of the Miami Coalition for the Homeless that enlists private philanthropic investments in extremely -low income housing. 1 Submitted into the public record in connection with item 04.1 on 10.7.3- t City Clerk 4. Decrease Construction Costs: Local and state officials must review local and state building code and zoning requirements to determine if they can be amended to decrease the cost of building affordable housing for extremely -low income families, consistent with basic principles of resident health and safety. 5. Support More Cost -Effective Environmentally Sensitive Building Practices. State and local legislators and public officials should promote cost-effective construction practices and enact measures to incentivize the use of energy efficient practices in the development of affordable housing. THE STATE AND NATIONAL HOUSING TRUST FUNDS In 1992, the Florida Legislature established a housing trust fund, also known as the Sadowski fund, to support the development of affordable rental housing and homeownership. Financed via a documentary tax on real estate transactions, the proceeds of this housing trust fund have unfortunately been appropriated by the state legislature for other uses during the past four years. Should these funds be allocated to affordable housing as originally intended, Miami -Dade County and its participating municipalities would receive almost $14 million in revenue in 2015 i At the national level, Congress created the National Housing Trust Fund (NHTF) in 2008 to provide a dedicated source of funding for affordable housing through the award of a portion of the profits of the government sponsored enterprises Fannie Mae and Freddie Mac. Unfortunately, both of these entities went into receivership soon after and the NHTF has not been capitalized, despite their return to profitability. Were the fund capitalized as intended, the state of Florida would receive over $250 million for every $5 billion invested in the NHTF.. Expenditure of the above state and federal funding for housing renovation and construction will have a direct impact on the local economy including new jobs and increased consumer activity. Moreover, by making housing affordable to cash -strapped households, renters will have more money available for purchasing goods and services in the local economy. In addition to the above positive economic impacts that would be realized through development of affordable rental housing, there are yet other benefits. It is well documented that stable housing generates a number of positive social outcomes including improved health and education outcomes for children and families. For example, a national study that included residents of Miami -Dade County found that children living in affordable housing were in better health and more likely to be promoted to the next grade at the end of the school year,w 2 1 PREVENTION OF HOMELESSNESS Submitted into the public record in connection with item D4.` on Ib City Clerk Yet another opportunity presented by the development of affordable rental housing, especially targeting extremely low income (ELI) households, is to mitigate the incidence of homelessness caused by sheer economic necessity, thereby decreasing the amount of tax dollars spent on the provision of homeless and health services: v So while meeting the demand for affordable rental housing may appear challenging, it will actually save public funds spent on remedying the homelessness caused by the fact that market rents are unaffordable for many households. WHAT IS AN AFFORDABLE RENT? The rule of thumb is that to maintain household financial health, one should spend no more than 30% of household income on housing expenses. For renters, this includes utility costs as well as rent. If households pay more, they must skimp on other necessities, such as food, medical care, child care or school supplies. Renter households in financial straits can swell the lines at the food pantry and the soup kitchen, increase demand for emergency assistance to pay the utility bill and show up in the emergency room without health insurance. Renters in this market — whether hard-working families, young people making entry-level wages, the elderly or the disabled — all find it tougher and tougher to make ends meet. Finally, by developing a systematic approach to meeting the need for affordable rental housing, we can truly have a social and economic impact that will forever change the landscape of our community. As documented by the Housing Commission of the Bipartisan Policy Centerv, Harvard's Joint Center for Housing Studies, and the University of Florida's Shimberg Center for Housing Studies, there has been a significant decrease in recent years in the total number of units affordable and available to extremely low-income households. This is true at the national, state and local levels. At the state level, there has been a marked decrease in homeownership and an increase in renter households since the economic crisis. Between 2005 and 2011, the number of owner households decreased by 3%, while the number of renter households increased by 10%.°L1 While incomes have stagnated, the increasing demand for rentals has led to an increase in residential rents, leading rental housing to become unaffordable to many. Locally, Miami -Dade County renters have seen a jump in rental costs during the last decade that has not been matched by a proportionate rise in income, leading to a crisis situation. While median rents have increased by more than 60%, median renter incomes have increased by less than 30%. As illustrated by the chart below, rents were already unaffordable to Miami -Dade renters in 2000 based on the generally accepted rule that households 3 Submitted into the public record in connection with item j 4.1 on 1 O.2,3' 14 City Clerk should not pay more than 30% of their income in rent. But by 2012, the median renter household was paying over $300 more per month than they could afford. $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 Miami -Dade County Renter Income vs Renter Costs (in constant 2011 dollars) $64 2000 $959 2005 $1,049 2010 $1,061 $1,057 2011 { 2012 Nom Median Income, Renter Households .Median Gross Rent Source: Shimberg Center for Housing Studies, 2014. THE SITUATION IS FAR WORSE FOR LOWER INCOME FAMILIES - $1,200 - $1,000 - $800 - $600 - $400 - $200 $0 There is a frequent misperception that there is an abundance of public, affordable, and assisted housing (including rental vouchers) available for lower income families. In reality, in Miami -Dade County, there are only 33 affordable and available rental units for every 100 ELI households, leaving a gap of more 46,000 units.. With affordable housing in short supply, low-income renters have little choice but to occupy housing that costs more than they can afford, or to live in inherently unstable shared housing situations, or in unsanitary or unsafe conditions. Rents are particularly unaffordable for families subsisting on Florida's minimum wage of $7.93 per hour and the elderly and disabled relying on old age or disability benefits of a little more than $700 per month. But even households whose breadwinners earn a bit more find rents in Miami -Dade County to be a challenge. 4 Submitted into the public record in connection with item1lh.1 on I 2..3-111- City Clerk Ms. Amy Rivas'' is an example of such a family: Employed as a security guard, she earns $9 per hour, and takes home around $650 every two weeks with occasional overtime pay. In 2013, she lost the 2-bedroom apartment she shared with her two teenage sons because she was unable to pay the $1,100 monthly rent (this was the lowest cost rental she could find after a long search). Before becoming homeless, this family was paying almost 80% of their income for rent. Even with federal SNAP benefits to supplement their food budget and paid medical care (Florida Kidcare) for her sons, Ms. Rivas had insufficient money for other necessities, such as transportation, school supplies and clothing. Yet finding lodging she can afford is her family's only avenue for leaving the homeless shelter in which they now reside. MS. RIVAS' FAMILY IS NOT UNUSUAL The percentage of households paying more than 50% of their income for rent has increased in Florida in the past decade. This change has been particularly dramatic in Miami -Dade County. While one in four renters paid more than half their income in rent in 2000, more than one in three did so in 2012. 1 00% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Estimated Percentage of Cost Burdened Renters in Miami -Dade, 2000 - 2012 22.75% 29.08% 2000 2005 26.12% 2010 27.42% 30.88% 25.96% 32.33% 2011 2012 • Cost Burden Less than 30% Cost Burden 30.0 to 49.9% • Cost Burden 50% or More Source: Shimberg Center for Housing Studies, 2014. 5 Submitted into the public record in connection with itemb4.1 on 1111S-I4 City Clerk LOWER INCOME HOUSEHOLDS ARE MOST LIKELY TO SUFFER The ability of households to afford the higher rents occasioned by the economic changes of the past decade is not evenly distributed. Lower income households like Ms. Rivas' experience greater financial burdens from recent increases and are far more likely to be unable to afford market rents. As shown in the following chart, local workers in many occupations fail to earn enough to afford the median rent in Miami -Dade County for a one -bedroom apartment let alone a two -bedroom apartment, as needed by Ms. Rivas' family. Housing Miami -Dade Workers: Median Salaries by Occupation vs. Median Rents Administrative Assistant Banker Teller Carpenter Child Care Worker Customer Service Rep. Delivery Truck Driver Dental Assistant Elementary School Teacher Family Social Worker Food Prep. Worker Front Desk Manager Groundskeeper Hairdresser Home Health Aide Janitor Longhaul Truck Driver News Reporter Nurse (LPN) Paralegal Police Officer Retail Salesperson School Bus Driver Security Guard Telemarketer Welder $0 41,721 $44, $47,137 $5 $25 366 �- 7,6?2 $36,463 $32,584 $32,663 �- - $22,821 $44,260 �- �- �- $24,222 $25,784 $24,553 $28,.352 37,9-D4 $ i7 1,092 $c7,3 49,° �- $24,162 $22,172 $28,-192 :87 $40,252 $34, $10 000 $20 000 $30 000 $40 000 $50 000 Income needed to afford median rent: Source: National Housing Conference, 2013. 6 1,602 $55,1 1 1 52 1 BR = $35,040/2BR = $44,880 $60,000 Submitted into the public record in connection with item t4-.1 on ID 13.11' City Clerk This situation is unlikely to change in the near future: The number of jobs in Miami -Dade County employing more than 10,000 workers and paying less than $20 per hour is projected to increase by 10% through 2020, while the proportion that these workers represent of the total Miami -Dade workforce will remain 30%. FIVE STEPS TO ENSURE AN ADEQUATE SUPPLY OF AFFORDABLE RENTAL HOUSING 1. INCREASE FEDERAL AND STATE APPROPRIATIONS FOR AFFORDABLE HOUSING As shown by the chart below, both federal and state funding for affordable housing decreased substantially between 2008 and 2013, while local funding has seen an increase, highlighting its importance. Federal affordable housing funds awarded to local jurisdictions include those awarded through the Community Development Block Grant (CDBG) program, and those that come through the HOME program. Since 2008, these funding streams have decreased by 35% in Miami -Dade County. State affordable housing financing awarded to local governments is made available through the SHIP program, which was established under the Sadowski Act. Since 2008, this funding has decreased by 95%. If Sadowski funds are allocated in 2014 as provided when the program was enacted, Miami - Dade County would receive almost $14 million in SHIP funds, plus an additional $4 million if the excess documentary stamps collected during the last fiscal year are allocated to this year's SHIP program. $1 00,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Affordable Housing Funds - Miami -Dade County $20.9 $19.3 en $ $19.1 $28.0 Surtax 2008 2009 2010 2011 2012 2013 ■ SHIP • Federal Funds Source: Housing and Urban Development, Florida Housing Finance Corporation, Miami -Dade County Public Housing and Community Development, 2014. 7 Submitted into the public record in connection with item b_\ on Ib.2,1). Jl� City Clerk Not reflected in the table are competitively awarded state -administered SAIL funds, which in 2014 will amount to $68 million statewide if appropriated by the state legislature. Additional federal programs include Public Housing, Section 8, LIHTC and the NHTF. The federal government has not appropriated funding for new public housing since the mid-1990's,xin and has failed to adequately fund local governments to administer and maintain existing public housing.'° Congress has also failed to authorize sufficient Section 8 vouchers to meet the need. In 2012, the five jurisdictions in Miami - Dade County that receive Section 8 vouchers (Miami -Dade, Miami, Miami Beach, Hialeah and Homestead) were housing 21,131 households with Section 8 vouchers.'° In recent years, the number of vouchers funded nationally has been approximately one fourth of the number of vouchers needed by households who are burdened by the high cost of rent.x°I Funding for the LIHTC is provided to states at the rate of $1.75 per resident. This competitive program administered by the Florida Housing Finance Corporation (FHFC), allows developers to obtain needed cash by selling federal income tax credits to corporations and individuals in need of tax write -downs. In 2013, Florida was allocated almost $43 million, which was awarded to developers by the FHFC.'% The National Housing Trust Fund (NHTF) was created by Congress in 2008 to provide a source of revenue for affordable housing, of which 75% must benefit extremely -low income households. Funds were to be contributed through a portion of the profits from Fannie Mae and Freddy Mac, but due to the housing crisis and economic downturn, profits were not realized until 2013. Unfortunately, even since Fannie and Freddy regained profitability, no monies have been paid into the NHTF. In addition to funding the NHTF through existing law, an alternative funding strategy has been proffered by the National Low Income Housing Coalition. This calls for reforming the existing federal homeowners' mortgage interest deduction and directing that a portion of the decreased tax expenditure be used to fund the NHTF. Should the NHTF be capitalized, Florida would receive $266 million for every $5 billion contributed to the national fund. x°w RECOMMENDATION: Federal, state and local Miami -Dade legislators must actively work to support increasing the federal and state funding for affordable housing. This should include additions to the SAIL, SHIP, HOME, CDBG, Section 8, LIHTC, NHTF, and Public Housing programs. 2. ALLOCATE MORE FUNDING FOR THE LOWEST INCOME FAMILIES The majority of the affordable rental housing created in Miami -Dade County in the past 25 years has been made possible througa federal low-income housing tax credit (LIHTC) funding because the sale of these credits 8 80% and 140% AMI, No Limit 1,084 136 4% 1% Source: Florida Housing Finance Corporation, 2013. Submitted into the public record in connection with item t4.1 on I1) 13.19- City Clerk provides needed cash for affordable development. Between 1990 and 2010, FHFC awarded more than $900 million in the form of federal tax credits, low cost SAIL loans mortgage revenue bonds, and miscellaneous funding to developers in Miami -Dade County, increasing the number of affordable rental units by more than 27,000. However, almost all of this funding was used to build units for households with income above 30% of Area Median Income (extremely -low income, or ELI). This resulted in only 5% of the units being made available to extremely -low income households, those subsisting on present incomes of $20,400 for a family of four, i.e., the most burdened by rental costs. In recent years, FHFC has been requiring developers to set aside 10% (and more recently, 20%) of affordable units for ELI households as a condition of receiving this funding, but this percentage needs to be increased to reflect the proportion of eligible cost -burdened renter households that are ELI..ix Rental Units Financed by FHFC by Population Served, 1990-2010 33% AMI or below, 1,321 5% Less than 50% AMI, Not all affordable housing is funded using LIHTC moneys. administered by local governments, HOME requires that 90% for the benefit of families with income less than 60% of AMIxx, for the benefit of families with income less than 80% AMI. 9 1,200 4% Among federal affordable housing programs of moneys used to develop rental housing be and that the remainder of the funding be used The Community Development Block Grant • • Submitted into the public record in connection with item ah.l on 10.13-lit 1 le City Clerk program (CDBG) requires that affordable housing activities benefit households with income that is less than 120% To the extent either HOME or CDBG funding are used for affordable rental housing — local jurisdictions should require that at least 20% of the units be targeted to ELI households, those most in need of affordable housing. The remaining federal programs, Section 8 and Public Housing, do focus on households with extremely -low income: Section 8 rental assistance, which requires that 75% of households initially receiving vouchers in any fiscal year have income at or below 30% AMI,Lxli while a minimum of 40% of new public housing residents each year must be ELI.xxiii Additional affordable housing programs, both of which are administered locally, include the state SHIP program and the local documentary stamp Surtax program. The SHIP program is for the benefit of families who are very -low income (50% AMI or less), low-income (80% AMI) and moderate -income (120% AMI).c''° The Surtax program is for the benefit of families who are low-income (80% AMI or less), and moderate -income (between 80% and 140% AMI)...v To the extent that either of these programs are used to develop affordable rental housing, local jurisdictions should require that at least 20% of the units be targeted to ELI households. RECOMMENDATION: State, federal and local Miami -Dade policy makers must work vigorously to increase the proportion of state, federal and local affordable housing funds allocated to rental housing for ELI households. 3. ADVANCE INNOVATIVE SOURCES OF FUNDING FOR AFFORDABLE RENTAL HOUSING The State Legislature and Miami -Dade County have worked together in the past to create dedicated revenue sources that allow the county to gather local funds to solve local problems. Once authorized by the State Legislature, Miami -Dade County enacted a surtax on documentary stamps in 1983,'“" and, in 1993, enacted a tax on food and beverages consumed in Miami -Dade establishments licensed to sell alcoholic beverages xxvfi Nationally there have been initiatives, such as the Social Impact Bond and the EB5 immigration visa program that are groundbreaking financing strategies that should be explored to ascertain their viability as investment resources for affordable rental housing. The Miami Coalition for the Homeless (MCH) has followed the lead of Boston's philanthropists who created a Home Funders program over ten years ago to incentivize the development of rental housing for extremely - low income households. A similar effort, Home For Good, was implemented to house homeless people in Los Angeles. MCH named its groundbreaking initiative Homes For All ®, and is enlisting financial support through 10 Submitted into the public record in connection with item fit, l on 16.2, •1I- City Clerk a collaboration of private Program Related Investments and public investors. Through low interest loans, structured set asides and the allocation of operating subsidies where appropriate, we believe that developers can be incented to invest in our community's revitalization and commit to allocate 20% of mixed income affordable rental housing units for extremely -low households at 30% Area Median Income (AMI) or below. RECOMMENDATION: Miami -Dade County's local and state policy makers must work with affordable housing advocates and developers to advance innovative sources of funding to increase the supply of affordable rental housing for extremely -low income residents. 4. DECREASE CONSTRUCTION COSTS BY STREAMLINING ZONING AND CODE REQUIREMENTS The fact that rental housing is unaffordable to households with the lowest incomes is in part explained by the costs associated with building housing in our country today. Contributors to high costs include unnecessarily restrictive code and zoning requirements. While health and safety considerations must be maintained, overly restrictive specifications such as requiring minimum size of rooms and apartments (square footage requirements) and increasing the number of bathrooms required in new and renovated units increase costs and are often dictated by modern sensibilities rather than considerations of hygiene or security. Relaxation of these zoning and code requirements in appropriate cases will bring down construction costs by allowing the building of smaller units with fewer amenities, on the condition that rents are affordable. Such changes in code and zoning should also apply to the renovation of existing multifamily buildings that were built under older laws, and are in need of substantial renovation. This will enable community developers to rehabilitate existing housing without increasing rents to unaffordable levels. RECOMMENDATION: Local and state legislators and public officials must review local and state building code and zoning requirements to determine if they can be amended to decrease the cost of building affordable housing, consistent with basic principles of resident health and safety. 5. SUPPORT MORE COST-EFFECTIVE CONSTRUCTION AND ENVIRONMENTALLY SENSITIVE BUILDING PRACTICES Cost efficiencies are possible in the use of innovative mass design, such as the Hi -Res Miami Projectxx. Savings in utility costs can also be gleaned by incorporating energy and water saving principles such as water conservation, and the use of insulation and energy star appliancescth. Operating savings resulting from retrofits 11 Submitted into the public record in connection with item VIA on City Clerk of existing affordable housing can be used to build up capital reserves, service additional debt, make repairs, or improve building operations.m RECOMMENDATION: State and local legislators and public officials should promote cost-effective construction practices and enact measures to incentivize the use of energy efficient practices in the development of affordable housing. CONCLUSION There is no better time than now to focus on the opportunity to prioritize affordable rental housing development. There is growing recognition among national policy experts of the increasing financial burdens on low-income families and the need to focus on narrowing the gap between rents and incomes. The philanthropic community is increasingly aware that efforts are needed to specifically assist low-income families with stable, affordable rental housing. Otherwise the valuable philanthropic resources they expend on social services become systemically undermined by the increasing numbers of individuals and families who cannot afford housing, leading to housing instability, loss of employment, emotional and educational deficits among children, and outright homelessness. Programs have been enacted in Congress (NHTF) and by Florida's legislature (Sadowski Trust Fund) to provide dedicated funding sources for affordable housing — these programs simply need to be adequately funded in accordance with existing law. In addition, more state administered funding (federal tax credits and state Sadowski moneys) and locally administered funding (federal CDBG and HOME moneys and local Surtax) should be directed to the lowest income households. Finally, our community needs to work strategically and collaboratively to identify and cultivate innovative sources of funding and to increase the availability of affordable housing by relaxing unnecessary zoning and code requirements and making use of green technology and energy efficiency. As a community it behooves us to embrace the public policy strategies outlined above, which, combined with MCH's Miami Homes For All® housing fund, will enable us to engage in a positive collective impact resulting in families like Ms. Rivas' being able to live in a home they can afford, thus fulfilling their own American dream. ' Florida Housing Coalition, SHIP 2014-2015 Distribution Scenarios, http://www.flhousing.org/wp- content/uploads/2012/03/SHIP-2014-2015-Distribution-Scenarios.pdf.This estimate does not includes $59.69 million in additional statewide SHIP revenues that are estimated to be available due to higher collections during FY 2013-14. If these revenues are included, the amount of funding that would be available to Miami -Dade County and its participating municipalities would be roughly $18 million. ii National Low Income Housing Coalition, Estimated State Allocations for Every $5 Billion Invested in the National Housing Trust Fund, June 28, 2013, http://nlihc.org/sites/default/files/NHTF State Allocations 5bill.pdf. Harkness and Newman, Housing Affordability and Children's Well -Being: Evidence from the National Survey of 12 i Submitted into the public record in connection wi h item DA.1 on lb. l City Clerk "' Harkness and Newman, Housing Affordability and Children's Well -Being: Evidence from the National Survey of America's Families, Johns Hopkins University, http://content.knowledgeplex.org/kp2/img/cache/kp/143498.pdf, p. 247. U.S. Interagency Council on Homelessness, Opening Doors: Federal Strategic Plan to Prevent and End Homelessness, 2010, http://usich.gov/PDF/OpeningDoors 2010 FSPPreventEndHomeless.pdf, p. 18. Bipartisan Policy Center, Housing America's Future: New Directions for National Policy, February 2013, http://bipartisanpolicy.org/sites/default/files/BPC Housing%20Report web 0.pdf. "' Joint Center for Housing Studies, Harvard University, America's Rental Housing: Evolving Markets and Needs, December 9, 2013, http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/Ichs americas rental housing 2013 1 0.pdf. °" Shimberg Center for Housing Studies, University of Florida, 2013 Rental Market Study: Affordable Rental Housing Needs, April 7, 2013, hereafter, Affordable Rental Housing Study. Id., Fig. 2.1, p. 4. As detailed in the report, U.S. Census numbers show that in 2005, there were 4,903,949 owner -occupied households in Florida, and 4,741,169, a decrease of 3%. On the other hand, there were 2,144,851 Horida renter -occupied households in 2005, and 2,365,144 such households in 2011, an increase of 10%. '" Data furnished to the Miami Coalition for the Homeless by the Shimberg Center for Housing Studies. " Id., Table A1.2, p. 36 "' This family's name has been changed to protect their privacy. " Community Affordable Housing Strategies Alliance, Miami -Dade County Master Affordable Housing Strategies, Miami -Dade County Master Affordable Housing Plan for Fiscal Years 2013 Through 2018, September 2013, p. 12. "i Center on Budget and Policy Priorities, Policy Basics: Introduction to Public Housing, January 25, 2013, http://www.cbpp.org/files/policybasics-housing.pdf. 'Center on Budget and Policy Priorities, Decades of Neglect has Weakened Federal Low -Income Housing Programs, New Resources Required to Meet Growing Needs, February 24, 2009, http://www.cbpp.org/files/2-24- 09hous.pdf. "Center on Budget and Policy Priorities, Florida Housing Choice Voucher Data, November 11, 2013, http://www.cbpp.org/files/9-21-11hous-FL.pdf. "" Center for Budget and Policy Priorities, Chart Book: Federal Housing Spending Is Poorly Matched to Need, December 18, 2013, http://www.cbpp.org/cros/index.cfm?fa=view&id=4067#Six. "" Novogradac, Low -Income Housing Tax Credit: 2013 Federal Tax Credit Information by State, http://www.novoco.com/low income housing/Iihtc/federal lihtc 2013.php. "" See, National Low Income Housing Coalition, Estimated State Allocations for Every $5 Billion Invested in the National Housing Trust Fund. 'See, Affordable Rental Housing Study, figure 2.5, p. 7. The eligible population for tax credit funding consists of households with income of 60% of AMI or less. As shown by figure 2.5, the statewide total of such households who were cost -burdened (paying more than 40% of their income for rent) in 2011 was 710,790, while the number of cost -burdened households with income of 30% of AMI or less (ELI) was 317,990, representing 45% of the eligible cost -burdened population. " 24 C.F.R. §92.216. "' 24 C.F.R. §570.204(a)(2). However, as implied by its name, the main purpose of the CDBG program is to revitalize low-income communities, so it is not primarily awarded to affordable housing projects. "it 42 USC. §1437n(b)(1). "iii 42 U.S.C. §1437n(a)(2). "iv F.S. §429.9072(1)(a). F.5. §125.061; Miami -Dade County Code, §29-7. ' The original ordinance was modified several times, culminating in Ord. No. 11-79, October 4, 2011. "" Ord. No. 93-75, July 27, 1993. Townhouse Center and Interface Studio Architects, H-ResMiami, http://www.youblisher.com/p/733778-Hi- Res-Miami-ISA-Concept-Brochure. "ix Bourland, Enterprise Green Communities Criteria: Incremental Costs, Measurable Savings Update, 2012. https://s3.amazonaws.com/KSPProd/cache/documents/678J67812.pdf. """ Deutsche Bank Americas Foundation, Benefits of Energy Efficiency in Multifamily Affordable Housing, https://www.db.com/usa/docs/DBLC Recognizing the Benefits of Efficiency Part B 1.10.pdf. 13 Submitted into the public record in connection with item DO on 10 23' Iq City Clerk WORKING TO PREVENT AND END HOMELESSNESS The Miami Coalition for the Homeless Inc. (MCH) was incorporated in 1985 as a 501(c) (3)advocacy organization dedicated to promoting community collaboration to prevent and end homelessness in South Florida. In 2001, after becoming the recipient of significant funds from the sale of surplus military property, we evolved into a public charity awarding grants to other non-profit entities that share our commitment to ending and preventing homelessness. MCH has a professional staff and committed board of directors which follow local issues and emerging national solutions. Aside from its board which includes a sitting judge, business owners, nonprofit Executive Directors, a CPA and auditor, and an engineer, staff is highly educated and experienced in community solutions brought about through collaboration, perseverance, and funding from its endowment. A Miami Coalition for the Homeless. Inc. Mission:To promote community collaboration and end homelessness in South Florida. Vision:To afford everyone the opportunity to NOT be homeless. Board of Directors oars Presi en Ionica `'igues-Pitan dvocacv Director egal Services of Greater Miami ice -President 'ason Pittman Executive Director Touchin Miami with Love cerrc' Iaria Cristina Barros ice President of Marketing and Community elations reasure i eana l i. _omptroller South Moto 0 ance Alou.. atewide Director s s ■ u • i "ii G' era It t of Florida ice President /Planning Design + evelopment Submitted into the public record in connection with tem D4, l on II • (/_• 1� City Clerk Cleve Bell Executive Direc Riverside Hour Anthony Brunson Owner Sharpton, Brunson & Company P Ana Castilla VP C TD tt t • ... -t Wayne J Lieutena Police Chiefs Of Community- Affair Judge Cindy L 11`1' Judicial Circuit o Barbara Roma Regional Director, South Community Relations Citibank Curtis Taylor Service Coordinator Carrfour Supportive Housing Contact Us Barbara (Bobbie) Ibarra, Executive Director The Miami Coalition for the Homeless, Inc. 140 \Vest Hagler, Suite 105 Miami, FL 33130 Telephone: 786-469-2060 Email: