Leadership Strategies for Affordable Housing Craig Crawford Vice President, Development Services UBCM Local Government Leadership Academy Forum Wednesday, June 13th, 2007
Housing solutions for healthier futures
Leadership Strategies for Affordable Housing • The Affordable Housing Continuum • Trends • Provincial Programs • The Partners • Examples
Housing solutions for healthier futures
Housing solutions for healthier futures
Housing solutions for healthier futures
Households Assisted by the Continuum of Housing and Support Services
Housing solutions for healthier futures
Households In Need
Housing solutions for healthier futures
Construction Cost Escalation
Community Based Housing Delivery
Housing solutions for healthier futures
Responding to the Trends Young Population
Ageing Population
Acute Diseases
Chronic Diseases
Episodic Homelessness
Recurring Homelessness
Short-term and Episodic Care
Long-term, Continuous Housing and Care
Hospital-Centred Delivery System
Community-Centred Delivery System
Housing solutions for healthier futures
Housing Matters BC - Goals 1. The homeless have access to stable housing with integrated support services 2. B.C.’s most vulnerable citizens receive priority for assistance 3. Aboriginal housing need is addressed 4. Low-income households have improved access to affordable rental housing 5. Homeownership is supported as an avenue to self-sufficiency 6. B.C.’s housing and building regulatory system is safe, stable and efficient Housing solutions for healthier futures
Housing Matters BC – Primary Focus 1. B.C.’s most vulnerable citizens have improved access to assistance through new and existing social housing 2. Ensuring that households with low-incomes receive rent assistance to make living in private rental housing more affordable
Housing solutions for healthier futures
BC Housing’s Role •
Advice
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Partnerships
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Program Delivery
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Project Feasibility Funding
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Financing
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Grants and Subsidies
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Support Services
Housing solutions for healthier futures
BC Housing Programs • • • • • • •
Independent Living BC Provincial Homelessness Initiative Aboriginal Housing Initiative Supportive Seniors Housing Community Partnership Initiative SAFER RAP
Housing solutions for healthier futures
Units Delivered 2,500 2,000 1,500 units
1,000 500 0 2001 2002 2003 2004 2005 2006 Housing solutions for healthier futures
Partnership Model Private/Voluntary Sector Design, Build, Own and Provide Equity
Health Authorities Personal Care
Local Government Zoning, Planning and Provide Equity
Community Based Housing Delivery
Provincial Government Facilitation/Coordination, Financing and Rental Assistance
Housing solutions for healthier futures
Federal Government Capital Grants
The Local Government Role •
Facilitator: Responding to NIMBY or BANANA
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Land, Grants, Density, Parking
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Expeditor: Development and Building Permits
Housing solutions for healthier futures
The Local Government Role •
Kamloops: Expediting Permits, Waived DCC’s
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Surrey: Housing Trust Fund - $9M
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Kelowna: Land
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North Van City: Density Bonus
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Coquitlam: Land
Housing solutions for healthier futures
Housing solutions for healthier futures
Salt Spring Island CAPITAL BUDGET: Land………………………………… 960,000 Soft Costs………………………….. 783,305 Construction………………………2,777,600 Total……………………………...$4,997,420 Land Equity………………………... 460,000 Interest free loan………………….. 200,000 Society Cash…………………………10,000 Real Estate Foundation……………..50,000 Municipal Reductions….…………….12,600 Fundraising…………………………...60,320 Regional Housing Trust Fund……..324,000 CMHC…………………………………20,500 RRAP………………………………...648,000 MEIA Grant………………………..1,062,000 BC Housing Grant………………..…250,000 Total Equity……………………..$3,097,420 Mortgage Financing…………...$1,900,000 Gross cost per unit……………...$185,089 Net Cost per unit…………….....…$70,370
Housing solutions for healthier futures
OPERATING BUDGET: P& I – 35 year amortization, 6.1%....$130,369 Operating Expenses…………………$105,156 Total Operating Costs……………..$235,525 Less: Revenue……………………….$237,402 Annual Surplus……………………..…$1,877 Per unit per month subsidy..…………….$0
Kelowna CAPITAL BUDGET:
OPERATING BUDGET:
Land…………………………500,000 Soft Costs………………...1,143,330 Construction………………3,900,000 Total Capital Budget….$5,998,330
P&I – 35 year amortization at 6.8%...$228,785 Operating costs……………………… $165,438 Total Costs…………………………...$394,223
Land Equity………………...500,000 Society Cash……………....165,000 Can-BC AHA Ph II ……...2,250,000 Total Deductions……...$2,915,000 Mortgage Financing…..$3,083,330 Gross cost per unit ….…$199,944 Net cost per unit ………..$177,778
Housing solutions for healthier futures
Less: Revenue (30x$375x12)………$135,000 Annual subsidy………………………$259,223 Per unit per month subsidy…………….$720
Leadership Strategies for Affordable Housing •
An organic process
•
It’s complicated
•
It’s a competition
•
A champion
Housing solutions for healthier futures
Leadership Strategies for Affordable Housing
Craig Crawford Vice President, Development Services UBCM Local Government Leadership Academy Forum Wednesday, June 13th, 2007
Housing solutions for healthier futures
