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Archive for month: October, 2013

Member Spotlight – Collaboration: Peoples Consulting Illustrates how Cooperative Partnership Provides Housing for those Re-Entering Society

October 28, 2013
October 28, 2013

Peoples Consulting, LLC provides research, policy, advocacy and real estate development consultancy services to Washington, D.C. area community development organizations. Since 2009, Peoples offers a broad array of services to its development partners, including orchestrating advocacy campaigns, structuring and securing financing for affordable housing and community spaces and helping to navigate regulatory and government processes. While specializing in these varied aspects of community development, Peoples is also able to provide all of these differentiated development components simultaneously, a unique aspect that serves its clients well.

In partnership with Sheridan Ventures, Peoples recently co-consulted on the rehabilitation of a Jubilee Housing property located in DC, an exceptional community which was being designed to provide needed affordable housing with supportive services for women returning from incarceration in the District.

Extremely low-income individuals re-entering society after incarceration have critical challenges to overcome including physical and mental health issues, poor job skills and history, and severed family ties, among others. Additionally, housing serving this vulnerable population is extremely hard to finance due to bleak long-term revenue projections and the residents’ own inability to consistently, if at all, pay rent until they are gainfully employed, and even then, rent payments may be relatively small.

“Funding, such as rent subsidies used to operate properties long-term, is often in short supply and/or are for relatively brief terms, like service subsidies and contracts,” said Angie Rodgers, Peoples Consulting. “All these factors can give extreme heartburn to anyone who might invest in your project!”

But invest, they did. An amazing number of public, for-profit and nonprofit partners came together to ensure Jubilee was successful with the venture. While navigating the complex levels of funding needed for the community, Peoples was also able to help its client make the public policy case highlighting the need for supportive housing for women re-entering society. Despite the continual and complicated development process, Peoples was able to maintain their client’s vision for the final product.

Success was realized earlier this month when 10 women began to move into the beautifully rehabbed property in Northwest DC. As proof to the winning model, a second property focusing on men re-entering society will be completed by the end of the year!

Some of the top benefits Peoples enjoys from its HAND membership are organizational training, peer networking and a strong affordable housing platform for regional issues.

“HAND is a consistent source of valuable information relaying what’s happening in the different parts of the region that affects the issues we’re working on,” said Rodgers. “Similarly, we have been able to turn to HAND to highlight issues we are involved with that need a broader audience than what we could reach on our own.”

Through its information sharing and events, HAND helps Peoples stay on top of needed industry intelligence.

HAND is pleased to spotlight Peoples Consulting, LLC, who certainly contribute to our organization’s COLLABORATION, INNOVATION and TRANSFORMATION!

0 Comments/in HAND News, Member Events & Success Stories, HAND Member Profiles /by H.A.N.D.

Gina Merritt Recognized As Top 100 MBE® Award Winner

October 24, 2013
October 24, 2013

Gina Merritt, Principal, Northern Real Estate Urban Ventures, has been selected to receive the distinguished 2013 Top 100 Minority Business Enterprise Award.  The Top 100 MBE® ceremony is designed to acknowledge and pay tribute to outstanding women and minority business owners in Maryland, Virginia, Pennsylvania, Delaware and the District of Columbia.  The Top 100 MBE® Award is given to enterprising women and minority entrepreneurs that fuel the region’s economy through their innovation, sacrifices, and dedication.  These business owners are living their dreams and making significant contributions to their clients, professions, industries and communities.

The awards ceremony is scheduled during Mayor Stephanie Rawlings-Blake’s Supplier Diversity and Inclusion Week, on Wednesday, October 30th at 5:30 p.m. at the War Memorial, 101 Gay Street, in downtown Baltimore.

To obtain tickets for the 2013 Top 100 MBE Awards Ceremony or for a complete listing of this year’s winners, please visit www.top100mbe.com.

For more information about Northern Real Estate Urban Ventures, please visit www.nreuv.com.

 

 

0 Comments/in HAND News, Member Events & Success Stories /by H.A.N.D.

Member Spotlight – Innovation: Homes for America Shows how Innovative Financing Created Affordable Homes in a Rural Community

October 15, 2013
October 15, 2013

We are pleased to showcase Homes for America (HFA) as the first HAND Membership Spotlight. Its work with the award winning community Cottages and Gardens at Chesapeake in Elkton, Maryland is only one of HFA’s notable accomplishments; however, this innovative rural community has definitely helped transform the affordable housing options in the small town community.

As a developer of affordable rental and homeownership opportunities for low-and moderate-income families in Maryland, Virginia, Delaware and Pennsylvania, HFA specializes in providing housing options to special needs populations that include needed services to enhance the quality of life for the residents. Additionally, HFA has a sound history of partnering with other nonprofits who work with special needs populations to help the organizations carry out their development goals, and over time increase their capacity to develop or manage affordable rental communities.

In December 2012 HFA opened Cottages and Gardens at Chesapeake, a 98 unit mixed-use development that serves seniors with low-incomes, persons with disabilities and market-rate residents and families. What was particularly innovative about the development was that HFA preserved the affordable housing components by combining three existing adjacent rental communities and putting them under one financing structure. HFA obtained State and Federal approval to maintain existing occupancy restrictions in the special needs affordable apartments while continuing to operate the remaining apartments as general occupancy. Even though these two separate housing options (one affordable and one market-rate) were under one ownership structure and one financing plan, the everyday operations are totally separate.

“The more than 20-year old property now has new life and energy,” said Nancy Rase, president and CEO, HFA. “Before the rehabilitation, there was no community space for the general occupancy housing residents. The new community building has space for activities and programs for children…The creation of the eight new apartments helped in making the community accessible, particularly for the aging seniors.”

During the redevelopment stage, HFA made special structural enhancements that ensured all residents, whether seniors or children, would be comfortable with their new and/or improved homes. Additionally, there were extensive green and energy-saving improvements incorporated during the rehabilitation which has provided substantial savings for the residents and the owner.

The Cottages and Gardens at Chesapeake has won the Charles L. Edson Low Income Housing Tax Credit Coalition Award for Rural Housing and the Affordable Housing Finance Reader’s Choice Award, Best Rural Housing. Yet, despite its great accomplishments, HFA gives HAND credit for helping them keep its ear-to-the-ground on development and financing updates in the region.

“Development is regional in nature, and our HAND membership enables us to be current on what’s happening in a large part of the region, in which we work,” said Rase. “The HAND newsletter ensures that we never miss a major NOFA or funding round in the region. As more and more public agencies post notices on websites in lieu of sending email notices, the HAND information is ever more important and something on which we have come to rely.”

HAND is pleased to spotlight Homes for America, who certainly contribute to our organization’s COLLABORATION, INNOVATION, and TRANSFORMATION!

1 Comment/in Uncategorized, HAND News, Member Events & Success Stories, HAND Member Profiles /by H.A.N.D.

Updated CRA Report on Demographic and School Enrollment Change

October 15, 2013
October 15, 2013

The George Mason University Center for Regional Analysis (CRA) has issued an updated version of our recent report on demographic and school enrollment change, previously published on October 2, 2013.  This version adds a number of notes that clarifies the differences between the American Community Survey (ACS) data on school enrollment and the enrollments reported by local public school districts.

The report can be downloaded here, and other CRA reports can be downloaded from CRA’s research page.

0 Comments/in HAND News /by H.A.N.D.

Prince George’s County DHCD Opens “My HOME” Homeownership Assistance Program With $8 Million in Funding

October 7, 2013
October 7, 2013

The Prince George’s County Department of Housing and Community Development (DHCD) announced today that the funding for its “My HOME” homeownership assistance program is now available and DHCD will be accepting applications effective October 7, 2013.  For the next three years, over $8 million has been committed by the County from federal and state sources, the “My HOME” program will continue to support a key housing policy strategy of providing affordable homeownership for low, moderate and middle income households.  The My HOME program is being managed by the Redevelopment Authority of Prince George’s County.

Through the “My HOME” program, income eligible, first-time homebuyers can receive a deferred payment loan of up to 5 percent of the home’s purchase price for down payment and closing costs assistance.  To minimize the risk of defaults, applicants must meet strict debt ratio requirements and make a minimum cash contribution to the transaction. For more information about the My HOME program, call (301) 883-7323 or visit the county website at:  http://redevelopment.mypgc.us and click on Services.

0 Comments/in HAND News, Opportunities /by H.A.N.D.

New CRA Report Traces Recent Changes in Demographics and School Enrollment

October 3, 2013
October 3, 2013

The Center for Regional Analysis (CRA) at George Mason University has issued a research report that examines changes to the demographics of the Washington metropolitan area’s population and school enrollment between 2007 and 2012.  The report makes use of newly released 2012 data from the Census Bureau’s American Community Survey (ACS).

The report documents that 92 percent of population growth in the Washington area since 2007 was among non-White populations, particularly those of Hispanic or Asian descent.  These patterns have been uniform throughout most of the region; the only exceptions are in the District of Columbia, where White population growth has been strongest, and in Arlington, where the Black/African American population has been the fastest growing.  Enrollment growth in the region’s primary and secondary schools between 2007 and 2012 was almost entirely from Hispanic students, with the exception of Arlington, where Hispanic enrollment actually declined.

Click here to download the full report.  Click here to view or download prior CRA research reports.

0 Comments/in HAND News /by H.A.N.D.

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