Construction of assisted housing in areas

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Construction of assisted housing in areas historically underserved where insufficient availability precludes use of rent supplement or rehabilitation programs. Replace like-kind subsidies with financing instruments that can’t be discontinued Revise tax policies to encourage development/retention of assisted/affordable housing Legal assistance to threatened nonprofit housing providers and resident groups Subsidies: prevent deterioration/default/foreclosure of assisted housing development Limit owners' ability to prepay subsidized, insured mortgages or opt out of housing assistance payments contracts. Reasons to support #1: It could be argued that a regulatory change effecting the terms of current housing contracts with private owners of federally-assisted housing would constitute an illegal "taking." Efforts should be focused on revising applicable regulations to ensure that all future new assisted housing of this type remain available for low- and moderate-income households for the duration of their original contracts. 2. States should require local inventory of issues with existing public and assisted housing stocks, including those units threatened by deterioration, prepayment, or opt-out of assistance contracts. States and localities should, after considering their affordable housing needs and market conditions, develop action plans for the targeting of policy, regulatory, and financial initiatives addressing this issue in their jurisdictions. Reasons to support #2: Local & state governments need to assess potential threats stock, and opportunities for its threats to the assisted and public housing preservation, given the dynamics of local needs. 3. Expand affordable housing opportunities at a broader range of income levels and circumstances: Rehabilitation loans conditioned upon rental operation. Property tax deferral or abatement for units serving low-income households. Right of first refusal options for the locality, local housing authority, non-profit groups, or tenant groups at the proposed transfer of the property or discontinuance of federal assistance, or default. Inclusionary zoning: mandating production of affordable housing as part of market rate development. Encourage alternative living units: accessory apartments, "granny flats,' SRO apartments. Commitment of publicly controlled sites to foster production/retention of affordable housing opportunities. Encouragement public/private partnerships to leverage public resources with private funding and resources. Examine regulatory standards & controls for potential barriers to the production of assisted housing. Reasons to support #3: Localized determination and removal of barriers, incorporating rational examination of the issue at the state and local level, identification of areas requiring attention, establishing goals, and developing policies and regulatory mechanisms to achieve those goals.
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  • Fall '18
  • Robert Strouse
  • developer, Zoning

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