IPED Conference

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• IPED Conference
• Saint Petersburg, Florida
• March 29, 2007
• Jason Spellings
• Housing Liaison
• Office of Governor Haley Barbour

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Housing Damage Owner Occupied(Hancock,
Harrison and Jackson Counties)
    Insurance Status Insurance Status Insurance Status  
    Hazard Flood Hazard Only No Insurance Owner-Subtotal
Flood Damaged Homes Flood Damaged Homes        
Minor Damage Minor Damage 212 1,313 288 1,813
Major Damage Major Damage 4,761 11,317 2,566 18,644
Severe/Destroyed Severe/Destroyed 3,583 2,412 1,358 7,353
Subtotal Subtotal 8,556 15,042 4,212 27,810
Homes with wind damage Homes with wind damage        
Minor Damage Minor Damage 888 18,742 5,602 25,232
Major Damage Major Damage 246 4,122 1,679 6,047
Severe/Destroyed Severe/Destroyed 376 402 477 1,255
Subtotal Subtotal 1,510 23,266 7,758 32,534
TOTAL TOTAL 10,066 38,308 11,970 60,344
Total Owner Occupied Total Owner Occupied Total Owner Occupied 93,823
Percent Damage         64
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Mortgage Revenue Bonds

• To encourage home ownership, Governor Barbour has
  allocated 157 million in Gulf Opportunity Zone
  (GO Zone) tax-exempt private activity bond
  authority to the Mississippi Home Corporation to
  issue Mortgage Revenue Bonds. In addition,
  Mississippi Home Corporation has issued another
  233 million in regular tax-exempt private
  activity bonds. These are for single-family
  homes. Through the sale of these bonds, the
  Mississippi Home Corporation is able to reduce
  home ownership costs by offering below-market
  rate interest rates and assistance with closing
  costs equal to 3 of the mortgage amount. This
  assistance is in the form of a cash advance that
  the borrower does not have repay. With this
  authority, more than 2,700 families statewide
  have received assistance since Katrina (400
  families of these on the coast).

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• Overview of Mississippi CDBG Homeowners Grants
• will be covered this afternoon with Donna
  Sanford,
• But it is important to note that over 85 of
  flood damaged homes have registered with one of
  the two homeowner programs offered by the state
  and funded with CDBG disaster recovery monies.

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• New Programs at HUD for Review
• Small Rental
• Long Term Affordable

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Housing Damage Renter Occupied(Hancock,
Harrison and Jackson Counties)
  Types of Structure Types of Structure Types of Structure Types of Structure
  Single Family Multifamily lt 10 Multifamily gt10 Renter Subtotal
Total Flood Damaged Homes        
Minor Damage 1,032 178 915 2,125
Major Damage 5,867 830 3,533 10,230
Severe/Destroyed 2,736 362 1,605 4,703
Subtotal 9,635 1,370 6,053 17,058
Homes with wind damage        
Minor Damage 7,394 788 4,444 12,626
Major Damage 1,614 220 1,494 3,328
Severe/Destroyed 529 69 354 952
Subtotal 9,537 1,077 6,292 16,906
TOTAL 19,172 2,447 12,345 33,964
Total Renter Occupied       42,288
Percent Damage       80
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• The purpose of the Small Rental Assistance
  Program is to provide grants and loans, in the
  aggregate amount of 262.5 million, to owners of
  small rental properties located in Hancock,
  Harrison, Jackson and Pearl River counties on the
  Mississippi Gulf Coast. The maximum number of
  units is being defined with counsel from HUD.
  According to 2000 Census figures, over three
  quarters of the total rental units for the three
  coastal counties were in smaller complexes. (ten
  and less) In exchange for the Small Rental
  Assistance, the owner will agree to accept
  limitations on the rents they may charge as well
  as restrictions on the income levels of their
  tenants. This draft plan has been submitted to
  HUD for review and comment.

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• Long Term Affordable
• Submitted to HUD for review.
• Provides a streamlined mechanism for the state to
  award high quality, mixed income, mixed
  financed, developments without having to go
  negotiate the details with HUD on a case by case
  basis.
• Provides long term capacity for affordable
  housing practitioners and non-profits to be
  vested in the state.

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• Long Term Affordable
• State is developing criteria by which to award
  developments. Key criteria
• Innovation within developments
• Leveraging of CDBG dollars
• Mixed Income (50 AMI to Market Rate)
• Demonstrated Long Term Commitment to affordable
  housing in Mississippi.

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• Innovations Resulting from Hurricane Katrina
• Rigorous Construction Standards
• Alternative Housing Pilot Program
• Role of Planning in Disaster Recovery
• Increased Focus on Housing Policy

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• Innovations Resulting from Hurricane Katrina
• Rigorous Construction Standards
• Alternative Housing Pilot Program
• Role of Planning in Disaster Recovery
• Increased Focus on Housing Policy

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• Alternative Housing Pilot Program Key Points
• Magnitude of Disaster Necessitates alternative
  approach
• Travel Trailers are not acceptable for use longer
  than several months.
• Stewardship of Federal Dollars
• Pilot Program funded through FEMA.
• Monies were competitively awarded, not based on
  housing need, but merit of proposals.

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• Innovations Resulting from Hurricane Katrina
• Rigorous Construction Standards
• Alternative Housing Pilot Program
• Role of Planning in Disaster Recovery
• Increased Focus on Housing Policy

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• Innovations Resulting from Hurricane Katrina
• Rigorous Construction Standards
• Alternative Housing Pilot Program
• Role of Planning in Disaster Recovery
• Increased Focus on Housing Policy

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• Affordable Housing Policy is guided By
• Sensitivity to needs and wants of local
  communities.
• Use of Mixed Income Practices to achieve
  sustainable communities that will be embraced by
  local communities.
• NIMBYism is best combated by employing best
  practices and letting the product speak for
  itself.
• Use of programs that will develop self
  sufficiency and provide families and individuals
  a opportunities to better themselves.

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• Jobs dont come from where they used to.
• Our communities are our most important asset.

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• Jobs dont come from where they used to.
• Our communities are our most important asset.

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• If you have brains in your head and feet in your
  shoes, if the street isn't nice, you'll go where
  you choose." Dr. Seuss