Developing Affordable Housing With Services

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Developing Affordable Housing With Services

• A Resource for HFAs and others

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What are some of the problems you have
encountered in trying to develop housing with
services?

• ?

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What is NCB Development Corporation?

• A national nonprofit with the mission of
  Solving problems that poverty creates in
  America through technical assistance and
  lending.

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What does the Development Corporation do?

• Lend Money
• Advocate and Educate
• And most importantly for housing with services
• Provide technical assistance

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Some NCBDC Accomplishments

• Over its 20 year history, NCBDC with NCB has
  loaned or invested more than 1 billion dollars in
  the areas of affordable housing, health care,
  affordable assisted living, education, and
  economic and community development
• Created more than 25,000 units of affordable
  housing

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Some Assisted Living Accomplishments

• Helped develop 320 units of affordable assisted
  living.
• Currently directly assisting 13 AAL project with
  TA and pre-development funding, supporting
  another 23 AAL projects through the nine state CH
  Programs.

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How do we help?

• Advise our customers on how services and housing
  may be combined,, identifying available revenue
  sources, constructing and analyzing services
  proformas, and analyzing and resolving regulatory
  issues.
• Bring experience from similar developments in
  other places what works what doesnt
• Provide a complete, multi-disciplinary team to
  develop or analyze housing with services
  developments.

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Affordable Housing With Services

• In two primary areas
• Assisted living for the frail elderly
• People with disabilities

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Affordable Assisted Living Experience

• Robert Jenkens is trained in RE development and
  Public Policy and has over 15 years experience in
  all aspects of assisted living and senior
  housing, including development of 100 projects
  across the country.
• David Nolan has participated in the development
  of over 300 units of affordable assisted living.

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Affordable Assisted Living Most Recent Examples

• Bentonville, Arkansas
• 45 unit facility opened in October, 2002.
• Partnered with the nonprofit sponsor to assist
  with the services proforma, identification of
  services provider, project program and physical
  design, regulatory and Medicaid issues.
• Worked with the state to craft a workable
  regulatory and Medicaid program for AAL.

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Affordable Assisted Living Most Recent Examples

• HUD Assisted Living Conversion Program
• In 02 we provided technical assistance and
  pre-development funds to 4 applicants who were
  awarded over 10 million, 19 of the total grant
  funds dispersed.

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Housing for People With Disabilities

• People with disabilities are disproportionately
  low-income. Over 4 million depend upon SSI for
  their sole source of income.
• NCBDC has formed the National Disability
  Institute to open financing opportunities for
  Americans with Disabilities.

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Housing for People With Disabilities Experience

• Michael Morris, Director of NDI, and Sharon
  Brent, each have over 20 years experience on
  disability issues.
• NCBDC is working on one national and two state
  grant projects to develop affordable housing for
  people with disabilities.

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How do we cover costs for T.A.?

• Grants such as the Coming Home grant for
  affordable assisted living that we manage for the
  Robert Wood Johnson Foundation.
• Contracts currently working with VHDA and
  Maryland DHCD among others.

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Q A

• What questions do you have about NCB Development
  Corporations technical assistance for developing
  housing with services
• ?