State and Local Affordable-Housing Programs

by Stegman, Michael A.

• ISBN13: 9780874208290
• ISBN10: 0874208297
• Format: Paperback
• Copyright: 1999-06-01
• Publisher: Urban Land Inst

Table of Contents

Preface State and Local Affordable-Housing Programs: A Rich Tapestry	v
Affordable Homeownership Comes of Age	1	(50)
Overview	1	(3)
Partnerships in Support of Homeownership	4	(20)
Operation HOPE Banking Center; Los Angeles, California	4	(3)
Wilmington Housing Partnership Corporation; Wilmington, Delaware	7	(3)
Jacksonville Housing Partnership, Inc.; Jacksonville, Florida	10	(3)
Fort Wayne Neighborhood Housing Partnership; Fort Wayne, Indiana	13	(3)
Neighborhood Finance Corporation; Des Moines, Iowa	16	(2)
The Housing Partnership, Inc.; Louisville, Kentucky	18	(4)
New Opportunities for Homeownership in Milwaukee; Milwaukee, Wisconsin	22	(2)
State and Local Homeownership Programs	24	(27)
HouseHartford; Hartford, Connecticut	24	(2)
Affordable Home Ownership Program; Boise City, Idaho	26	(1)
FIX ME Home Repair Loans; State of Maine	27	(1)
Boston Community Capital's One- to Four-Family Homeownership Program; Boston, Massachusetts	28	(1)
One Percent Downpayment Loan Program; State of Michigan and PMI Mortgage Insurance Company	29	(2)
Minneapolis/St. Paul HOME Program; Minneapolis and St. Paul, Minnesota	31	(1)
Richfield Rediscovered; Richfield, Minnesota	32	(2)
Blanket Mortgages for Limited Equity Cooperatives; New York, New York	34	(2)
Housing Occupancy Initiative; Rochester, New York	36	(3)
North Carolina State Employees' Credit Union Programs for Homebuyers; State of North Carolina	39	(2)
Neighborhood Improvement Program; Akron, Ohio	41	(2)
Cleveland Housing Network, Inc.: Lease-Purchase of Low-Income Housing Tax Credit Homes; Cleveland, Ohio	43	(2)
Downpayment Assistance Program; Memphis, Tennessee	45	(1)
Walk-to-Work Program; Milwaukee, Wisconsin	46	(1)
Rural Community Assistance Corporation; Western United States	47	(4)
Increasing Homeownership by Helping Families Save	51	(20)
Overview	51	(5)
Programs	56	(15)
Hawthorne HOPE Matching Grant Program; Los Angeles, California	56	(2)
Individual Development Account Program; State of Indiana	58	(1)
Tax Credits for Private Donations to State of Indiana Programs; State of Indiana	59	(1)
Individual Development Account Demonstration Program; State of North Carolina	60	(3)
Individual Development Account Program Community Action Project of Tulsa County; Tulsa County; Oklahoma	63	(2)
Home Savings Program: Federal Home Loan Bank of Indianapolis; Regional	65	(1)
First Home Club: Federal Home Loan Bank of New York; Regional	65	(2)
HomeStart and HomeStart Plus: Federal Home Loan Bank of Seattle; Regional	67	(4)
State Low-Income Housing Tax Credit Allocation Plans	71	(18)
Overview	71	(4)
Programs: Preserving Federally Supported Housing	75	(2)
Massachusetts: 60 Percent Preservation Setaside	75	(1)
Virginia: Setasides for Public Housing Authorities	76	(1)
Programs: Meeting State and Local Priorities in Housing Development	77	(3)
Maryland: Smart Growth Initiative Affects Tax Credit Allocations	77	(1)
New Jersey: Addressing Multiple Priorities through Setasides	78	(1)
Oklahoma: Community Support Plays a Strong Role	79	(1)
Texas: Setasides for Prison Communities	80	(1)
Programs: Innovations in Program Administration	80	(3)
Georgia: Preapplication Assistance	80	(1)
Minnesota: Giving Local Government the Lead	81	(1)
Nebraska: Using Available Technology	82	(1)
Programs: Maximizing the Value of the Tax Credit	83	(3)
Arizona: Emphasizing Per-Unit Efficiency of Credit Use	83	(1)
California: Balancing Efficiency Goals with Deep Income-Targeting	83	(1)
Minnesota: Adjusting Award Cycles to Reduce Construction Costs	84	(1)
Nebraska: Increasing Efficiency through Credit Limits	85	(1)
New Hampshire: Awarding Points for Equity Investment	86	(1)
Programs: Targeting Types of Housing Projects	86	(3)
Indiana: Targeting Mixed-Income Housing Projects	86	(1)
Kansas: Targeting Housing for Elderly People and People with Special Needs	87	(2)
Innovative Rental and Community Development Finance	89	(38)
Overview	89	(2)
Programs	91	(36)
Community Development Financial Institution Tax Credit Program; State of California	91	(1)
State Low-Income Housing Tax Credit Program; State of California	92	(2)
Small Affordable Rental Transactions Program; State of Colorado	94	(1)
Tampa Bay Community Reinvestment Corporation; Tampa, Florida	95	(3)
Florida Affordable Housing Guarantee Program; State of Florida	98	(2)
Minnesota Supportive Housing Demonstration Program; State of Minnesota	100	(2)
Property Tax Classification; State of Minnesota	102	(1)
``This Old House'' Tax Abatement Program; Hennepin County, Minnesota	103	(2)
Housing Assistance Tax Credit Program; State of Missouri	105	(1)
State Tax Credit for Community Development; State of New Hampshire	106	(2)
Community Investment Corporation of North Carolina: Voluntary Statewide Lending Consortium; State of North Carolina	108	(2)
State Historic Rehabilitation Tax Credits; State of North Carolina	110	(2)
Pennsylvania Community Development Bank; State of Pennsylvania	112	(2)
501(c)(3) Tax-Exempt Multifamily Bond Program; State of Texas	114	(2)
The Reinvestment Fund's Affordable Housing Group; Regional	116	(2)
Workforce Housing Preservation Programs; Northwestern United States	118	(4)
Corporation for Supportive Housing: Rental Reserve Funds; National	122	(2)
Low-Income Housing Fund; National	124	(3)
Preserving Affordable Housing Stock: Not Just a Federal Issue	127	(42)
Overview	127	(6)
Programs: State and Local Initiatives Fill the Federal Void	133	(18)
California Housing Finance Agency; State of California	133	(1)
California Housing Partnership Corporation; State of California	134	(2)
Rural California Housing Corporation; State of California	136	(2)
Solano Affordable Housing Foundation; Solano, California	138	(2)
Atlanta Affordable Housing Fund Limited Partnership; Atlanta, Georgia	140	(2)
Community Economic Development Assistance Corporation; State of Massachusetts	142	(2)
Expiring Use Friendly Prepayment Program; State of Massachusetts	144	(2)
Affordable Rental Investment Fund; State of Minnesota	146	(2)
Minnesota Housing Partnership; State of Minnesota	148	(1)
Purchase of HUD-Held Mortgages; State of Missouri	149	(2)
Programs: Filtering Down, Not Trickling Out---Saving the Unsubsidized Stock	151	(18)
At Home in New Orleans; New Orleans, Louisiana	151	(2)
Code Abatement Loan Program; Minneapolis, Minnesota	153	(1)
Rental Rehabilitation Loan Program; Minneapolis, Minnesota	154	(1)
Repeat Offender Code Compliance Initiative; Minneapolis, Minnesota	154	(3)
Moorestown Ecumenical Neighborhood Development, Inc.; Burlington County, New Jersey	157	(1)
Neighborhood Entrepreneurs Program; New York, New York	158	(2)
Portland Community Reinvestment Initiatives, Inc.; Portland, Oregon	160	(2)
Multifamily Affordable Rental Projects; Memphis, Tennessee	162	(1)
Drug Abatement Project; Milwaukee, Wisconsin	163	(1)
Landlord Training Program; Milwaukee, Wisconsin	164	(5)
Welfare-to-Work Rental Assistance	169	(14)
Overview	169	(18)
Programs	187
Fremont Housing Scholarship Program; Fremont, California	173	(1)
Housing Opportunities Program; San Mateo County, California	174	(1)
Time-Limited Rental Assistance Program; State of Connecticut	175	(2)
Tenant-Based Rental Assistance Program and Security Deposit Assitance; Sioux City, Iowa	177	(1)
Tenant-Based Rental Assistance; State of Kansas	178	(1)
Work First New Jersey Housing Assistance Program; State of New Jersey	179	(1)
Tenant-Based Rental Assistance; State of Washington	180	(3)
Secondary Market Initiatives in Community Development Finance	183	(16)
Overview	183	(4)
Programs	187	(12)
Community Advantage Home Loan Secondary Market Program; State of North Carolina	187	(2)
Rent-to-Own Loan Purchase Program; Regional	189	(1)
Access Capital Strategies Community Investment Fund; National	190	(2)
The Community Development Trust, Inc.; National	192	(1)
First Union/Bear, Stearns Securitization of Community Reinvestment Act Single-Family Loans; National	193	(1)
Linda Mae Bond Program; Habitat for Humanity; National	194	(5)
Housing Trust Funds: Growing Old Gracefully	199	(24)
Overview	199	(2)
Trust Fund Profiles	201	(22)
State Housing Fund; State of Arizona	201	(2)
State and Local Government Housing Trust Fund; State of Florida	203	(2)
Illinois Affordable Housing Trust Fund; State of Illinois	205	(1)
Hotel Workers Local 26 Housing Trust Fund; Boston, Massachusetts	206	(1)
St. Louis County Housing Trust Fund; St. Louis County, Missouri	207	(2)
Homeless Assistance Program; State of Nebraska	209	(1)
Affordable Housing Fund; City of Dayton/Montgomery County, Ohio	210	(2)
Affordable Housing Trust Fund; Dauphin County, Pennsylvania	212	(2)
Memphis Community Development Partnership; Memphis, Tennessee	214	(2)
San Antonio Housing Trust Fund; San Antonio, Texas	216	(2)
Housing Bonus Program and Transferable Development Rights System; Seattle, Washington	218	(2)
Housing Levy Program; Seattle, Washington	220	(3)
Geographic Index	223