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LOUISIANA HOUSING ALLIANCE

Listening Tour 2012

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LHA: Listening Tour Agenda 2012

1. Welcome and Introductions2. Overview of the Louisiana Housing

Alliance3. Louisiana Housing Trust Fund4. Policy Discussion5. Wrap Up and Announcements

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Louisiana Housing Alliance: Our Mission

LHA is a non-profit, statewide coalition

that works to ensure the preservation and

production of quality affordable housingfor low and moderate income Louisianans

and those with special needs.

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Housing Trust Funds

45

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Housing Trust Funds in Southern States

Alabama Arkansas Texas Kentucky

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Housing Trust Funds: Who is served?

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Housing Trust Fund:

Public Revenue Sources

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Louisiana Housing Trust Fund

Created by the legislature in 2003 Received $25 million as one-time funding Had state income-tax check off as dedicated

revenue (expired in 2010)

Administered by the Louisiana HousingCorporation15 Member Volunteer Advisory CommitteeCompetitive Application Awards

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Louisiana Housing Trust Fund

Income TargetingMust serve populations at or below 120% Area Median

Income30% of Fund is dedicated to serving 30% Area Median

Income and below

Prioritized DevelopmentsSmaller Developments- less that 20 unitsRural developmentsAdditional leveragingReadiness to proceed

Affordability15 year period of Affordability

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Louisiana Housing Trust Fund:

Distribution of Funds

Regional Awards:

20 Developments

General Pool:10 Developments

30% Area Median

Income Set Aside:8 Developments

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Louisiana Housing Trust Fund:

Habitat for Humanity Calcasieu Area, Lake Charles

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Louisiana Housing Trust Fund:

Habitat for Humanity Ouachita, Monroe

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Louisiana Housing Trust Fund: Volunteers of

America of North Louisiana, Shreveport

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Louisiana Housing Trust Fund:

Renewal Homes, New Orleans

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Louisiana Housing Trust Fund:

By The Numbers Homes Created:35 Developments322 total units of housing

Special Populations Served:17 units of permanent supportive housing79 deeply affordable units (30% AMI and below)105 adaptable and accessible units

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Louisiana Housing Trust Fund: Summary

Approximately $1 million left

How much has been leveraged? $22 million Awarded$61 million in Total Development CostsCreated jobs, taxes, homes

Currently has no sustained revenue source

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Louisiana Housing Trust Fund:

Why It Matters Trust Funds are Flexible Affordable housing is part of our communities Housing is fundamental to the health of any

community

The private market cannot respond to homesthat require subsides

Housing is an investment: it creates jobs and iseconomic development

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Louisiana Housing Trust Fund:

Get Involved Sign up sheetTrust Fund Outreach CommitteeTrust Fund Communications CommitteeTrust Fund Advisory Committee

BlogLouisianahousingtrustfund.wordpress.org

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Louisiana Housing Alliance:

2012 Policy PrioritiesLegislative Partnerships Research

Louisiana HousingCorporationHousing andTransit Access

Strengthen TenantProtections

Foreclosure,Housing Counseling,Asset Building

Homelessness andSpecial Needs

Populations

AdjudicatedProperties

Homeowner andFlood Insurance

Public MeetingRequirements

Energy AssistanceandWeatherization

Assistance

Programs

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Looking Ahead:

Ranking 2013 Priorities Housing and Transportation Access Siting Affordable Housing Adjudicated Properties Tenants Rights and Landlord

Accountability Other?

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Louisiana Housing Alliance:

Announcements Louisiana Housing Alliance 5 Year

Anniversary: December 1st

Voter Registration Feedback on Today: Email Survey

Track our progress atlouisianahousingtrustfund.wordpress.com

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Wrap Up

What can we create together that wecannot create alone?

What promises am I willing to make?What gift have you received from

another person in the room today?

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Louisiana Housing Alliance: Contact Us

Nathan Cataline, Community Engagement Coordinatorncataline@lahousingalliance.org, 504-444-1170

Ashley Lewis, Communications Specialistalewis@lahousingalliance.org, 225-381-0041

Marla Newman, Executive Directormynewman@lahousingalliance.org,225-381-0041

@alliancela

Facebook.com/lahousingalliance

Louisianahousingtrustfund.wordpress.com