Arizona Department of Housing Arizona Housing Finance Authority

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Arizona Department of HousingArizona Housing
Finance Authority
A look at

• Fred G. Karnas, Jr.
• Director

Arizona Department of Housing
2008 LEAGUE ANNUAL CONFERENCE Todays
Challenges Tomorrows Opportunities
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Impacting Arizonas Housing Needs
Four priority areas

• Preservation of existing affordable housing stock
• Meeting the housing needs of vulnerable
  populations
• Providing opportunities for first time homebuyers
  and sustaining affordable homeownership
• Linking housing, jobs and transportation through
  smart growth

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Preservation
Sustaining our precious affordable housing stock.

• Owner-Occupied Rehabilitation
• 916 Arizona households were aided with housing
  repairs and renovations in 2008.
• Rental Rehabilitation
• 621 multi-family residential units in FY 2008 by
  combining resources from the Housing Trust Fund,
  CDBG, and HOME.
• 40.2 million was dedicated to housing
  preservation in just one year, FY 2008

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Vulnerable Populations
Meeting the housing needs of people with
disabilities, homeless persons and the elderly.

• Serving Seniors
• 609 units of permanently-affordab
  le senior rental housing
• through the
  Low-Income Housing Tax Credits program
• Preventing Homelessness
• Eviction Prevention/Emergency Housing
  Program (EPEH) helped
• 12,536 avoid eviction.
• Providing Permanent Supportive Housing
• Over 1,200 homeless individuals and
  families with disabilities have
• aided by the Shelter Plus Care program.

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Homeownership
Providing homeownership opportunities and
preserving affordability.

• Below Market Mortgages
• 366 Mortgage Revenue Bond (MRB) loans totaling
  52,840,358.
• Mortgage Credit Certificate Program
• 49 mortgage loans were issued totaling
  6,719,566
• Down Payment Assistance
• In the first five months of 2008, the Homes for
  Arizonans Down Payment Assistance program has
  helped 183 home buyers,
• with an average of amount of assistance
  totaling 11,667.
• For Sale Development
• Building a shared equity program and
  creating Land Trusts.

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Homeownership
Providing homeownership opportunities and
preserving affordability.

• Mortgage Foreclosure Mitigation through
• - Training Housing Counselors
• - Funding Mortgage Foreclosure Mitigation Efforts
• - Creating a Foreclosure Hotline [phone]
• - Working to stabilize impacted neighborhoods
• - Outreach to homebuyers

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Smart Growth
Balancing the housing-jobs-transportation
equation.

• Reshaping our CDBG special projects fund to
  incentivize local smart growth efforts
• Working with local governments to craft a CDBG
  program that supports state and local smart
  growth goals
• Providing technical assistance resources for
  planning

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Support the State Housing Trust Fund
An essential flexible source of housing funding
for all of Arizona.

• Non-appropriated resource from the sale of
  unclaimed property
• Flexible resource to address both emergency and
  long-term needs that other Federal and State
  funds cannot meet
• Funds projects ranging from assisting very low
  income and homeless persons to providing
  opportunities for first time home buyers
• Seventy Percent has assisted rural Arizona
  communities with limited access to other housing
  resources

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Arizona Department of Housing
www.housingaz.com [phone]