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Affordable Housing Task Force

Regular Meeting

Columbia, SC · August 10, 2021

AgendaPacketMinutes

Minutes

COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 CALL TO ORDER Attendee Name Present Absent Late Arrived Tameika Isaac Devine    Jeff Armstrong    Julie Ann Avin    Reggie Barner    Sue Berkowitz    Brenna Bernadin    Pamela Bynoe-Reed    Bryan Grady    Dylan Gunnels    Tonya Isaac    Jeff Larimore    Ivory Mathews    Jennifer Moore    Mary Louise Resch    Shayla Riley    Lila Anna Sauls    Gregory Sprouse    Allison Terracio    Regina Williams    Lester Young    Jim Zieche    Chris Zimmer    APPROVAL OF MINUTES 1. Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes – Consideration of this item was deferred. COMMITTEE DISCUSSION Councilwoman Tameika Isaac Devine introduced Pamela Bynoe-Reed of the Comet as a new appointee on the task force. She is a Columbia native who has worked in the community in various capacities and with various organizations. Page 1 of 6 COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 2. Revision to the Definition of Affordable Housing - The Honorable Tameika Isaac-Devine Councilwoman Tameika Isaac Devine recalled that when the task force presentation was made to City Council, there were questions about the definition of affordable housing. There was discussion about using affordable housing versus attainable housing and about the language. We asked a subcommittee of the task force (Lila Anna Sauls, Sue Berkowitz, Brenna Bernardin, and Bryan Grady) to wordsmith the definition. Lila Anna Sauls, EdD, HDFP, Homeless No More presented a revised definition: Affordable housing consists of inclusive, equitable, and safe places to live, for owners and renters, priced such that all Columbians can afford necessities of living and fully participate in our community. We were intentional about leaving out a number. We wanted this to be a definition that included our most at-risk and the working class. We wanted a true community definition. Councilwoman Tameika Isaac Devine said we can reach our intended population by the goals that we set. This definition keeps people from stereotyping who affordable housing is for. Lila Anna Sauls, EdD, HDFP, Homeless No More noted that she received a recommendation to change participate to engage. Councilwoman Tameika Isaac Devine said after we wordsmith the definition, we can get it back to City Council for consideration. Councilwoman Allison Terracio expressed concerns with continuing to use affordable versus attainable or another word. In order to get things done, the first thing you have to do is brand it in such a way to create more space for people to imagine something different. Ivory Mathews, Columbia Housing said in my industry and trade association groups, we still use the term affordable because people easily understand it regardless of the housing options being provided. Affordable covers a broad spectrum of opportunities. Bryan Grady, PhD, SC State Housing said the word affordable has been stigmatized so a group came up with attainable as a buzzword that says the same thing. The term used more broadly is affordable. Page 2 of 6 COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 Councilwoman Tameika Isaac Devine said we will talk about the educational plan and branding next month. Affordable is more widely used by practitioners. Are we stepping into our mission if we change the wording to make it more acceptable instead of doing the work to educate them as to why affordable housing is good? Let’s think about that as we discuss the education roll out, our role, the schedule, and whether or not we want to change that terminology. Pamela Bynoe-Reed, The Comet said from a marketing standpoint, I lean more towards attainable because it is more empowering. Affordable infers that the person is lacking while attainable infers that this is something I can reach for and actually get. 3. Columbia Housing Update: Vision 2030 - Ms. Ivory Matthews, Chief Executive Officer and Executive Director and Ms. Cindi Herrera, Senior Vice President of Development / Columbia Housing Ivory Mathews, Chief Executive Officer and Executive Director for Columbia Housing reported that Columbia Housing has received final approvals to demolish Allen Benedict Court. Our Vision 2030 plan is a strategic framework by which Columbia Housing will use guiding principles to reposition our entire public housing portfolio and to create new, quality, affordable housing through public/private partnerships using private capital. Plans include the investment of over $500 million for preservation, redevelopment, and new construction of affordable housing. We provide affordable housing to 6,500 families throughout the City of Columbia and Richland County through our housing choice voucher, public housing, and non-subsidized affordable housing programs. Conversion tools provided by HUD will result in the elimination of all public housing in the City of Columbia and transition to another affordable housing platform. HUD conversion tools provide protection for residents. Rents will be based on 30% of monthly adjusted income. There will be no negative impact on the families. Vision 2030 is the culmination of nearly two years of planning in which every public housing property we own has been thoroughly assessed by third party professionals. Columbia’s public housing has capital needs of over $250 million. To meet these needs, we will transition our entire public housing portfolio to HUD’s Rental Assistance Demonstration (RAD) program and other programs that will enable access to market debt and equity. Cindi Herrera, Senior Vice President of Development for Columbia Housing said RAD provides rental assistance for the converted property under a property based voucher platform with a long- term contract renewed in perpetuity. RAD requires ownership or control by a public or non- profit entity. A use agreement has to be recorded on the property to ensure that the units remain permanently affordable to low-income households. In South Carolina, over 1,800 units have been converted, raising $53.3 million in private capital to improve the condition of those units. Page 3 of 6 COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 Last year, we issued a national solicitation to bring in private partners. We have some of the best national affordable housing developers that have partnered with local organizations to build more capacity. The Oaks at St. Anna’s Park, which is the former Gonzales Gardens will consist of 95 senior units and 190 family units. The total development cost is over $58 million and it is all private capital. We anticipate closing in November 2021 with occupancy in April 2023. The Haven at Palmer Pointe at Carter Street and Two Notch Road will replace the Marion Street High Rise. This is a three-story building with 150 senior units. The total development cost is over $31 million. We plan to close in November 2021 with occupancy around April 2023. It will also include a small commercial component for medical offices and other complimentary services. We will be moving forward with the demolition of Allen Benedict Court within the next 30-days. We have begun our preliminary redevelopment plans for this site. The conceptual plan includes 168 senior units, 96 family units, and 99 workforce housing units. The total development cost is $88 million. We anticipate that the first phase will close in June 2022 with occupancy in June 2024. We are still working on preliminary design concepts for Latimer Manor. This will be a new construction project under RAD. We anticipate that there will be over 220 rental units and 50 homeownership units. We anticipate closing on the first phase in the second quarter of 2022 with the entire project being completed by 2026. Arrington Manor is a small senior building. It will be a RAD demolition. We anticipate building a new senior facility with approximately 80 units. The Reserves at Faraway and Dorrah Randall are RAD projects that will be redeveloped by demolishing the existing housing and replacing it with new construction. These projects will probably move forward in 2024, 2025, and 2026. We will be utilizing South Carolina Affordable Housing Initiatives, Inc., a non-profit to redevelop Hammond Village (78 units) and Lewis Scott Court (67 units) ourselves as a RAD conversion. We will be doing substantial rehab using the FHA financing under their 223f mortgage program. Columbia Housing’s scattered site portfolio consists of 18 smaller properties that total 476 units. We have identified 70 units that need to be demolished and the remaining units will be rehabbed. We can also do these through our non-profit. We have almost 300 single family homes. About 155 of them will be substantially rehabbed and put under a lease purchase program for residents. The remaining homes will be demolished or sold to other non-profits. Our goal is to expand the number of affordable housing units. New developments include the Willows at Wateree (104 senior units and 160 family units), Hunt Club (160 units), and Huntington Court (228 family units). In 1998, the Housing Authority had 2,911 traditional public housing units. Today, we have 1,684 public housing units. Through Vision 2030, we are going to lose 323 units and the remaining 1,361 units will be converted. By the end of 2030, all of our public housing will be eliminated and replaced with affordable housing. We are creating 1,550 units in new development for a total of 2,911 affordable housing units in 2030. Columbia Housing also facilitates affordable housing development by serving as the conduit issuer of Page 4 of 6 COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 multifamily housing revenue bonds on behalf of developers. The tax exempt bonds result in substantial savings on interest costs on long-term debt which enables these units to become affordable. We have multiple pending bond projects. There are three projects with a total of 348 units that will be preserved. We have 1,1128 units that are scheduled for new construction. All of these projects are scheduled to close in 2022. We are happy to expand affordable housing through tax exempt bonds, too. Pamela Bynoe-Reed, The Comet said it would be great to ensure that public transportation is available where Columbia Housing is expanding properties. Regina Williams, Booker Washington Heights Community asked if Columbia Housing is working with the Department of Mental Health to provide housing for our mentally challenged population. Cindi Herrera, Senior Vice President of Development for Columbia Housing said a total of forty units have been set aside in two of our developments for mental health clients based on a grant we received. Julie Ann Avin, MIRCI said we are working with the Department of Mental Health on the development of another youth home for females ages 17 to 24. We have properties specifically for individuals with mental illness. We have a voucher program through the continuum of care for homeless individuals who are experiencing mental illness. We have to increase those vouchers as well. Regna is welcome to join the accessibility committee. Councilwoman Tameika Isaac Devine said we need to make sure we are looking at the number of those units that are available. Seeing this presentation and understanding the transformation of inventory will help to eliminate the stigma of affordable housing. We have to aggressively set goals and the expertise on the task force will help us to ensure that there is more inventory to supplement what Columbia Housing is transitioning from. Shayla Riley, Coldwell Banker asked if there is a way to involve the real estate community as a resource to assist people with transitioning out of temporary or rental housing. Jeffrey Armstrong, Family Promise suggested that elements of the presentation be extracted and used to create a FAQ or talking points for public education and awareness. Tonya Isaac, North Pointe Estates asked if information on homeownership will be made available to the residents of North Pointe Estates. Page 5 of 6 COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, AUGUST 10, 2021 Cindi Herrera, Senior Vice President of Development for Columbia Housing said yes. We will be working with everyone when we launch the lease purchase program. The goal is to prepare the tenants while they are in the units. ANNOUNCEMENTS Councilwoman Tameika Isaac Devine asked the committees to meet and be prepared to make presentations next month. We will also lead with our education committee and next steps for engaging the community. ADJOURNMENT The meeting was closed at 12:08 p.m. Respectfully submitted: Erika D. Moore Hammond, CMC City Clerk Page 6 of 6

Agenda

COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING AGENDA TUESDAY, AUGUST 10, 2021 The Columbia Affordable Housing Task Force will conduct an Advisory Committee Meeting on Tuesday, August 10, 2021 at 11:00 a.m. using Video Conferencing Technology. The meeting will be streamed online at www.columbiasc.gov. For questions regarding the meeting, please contact the City Clerk at (803)545-3045 or cityclerk@columbiasc.gov. CALL TO ORDER APPROVAL OF MINUTES 1. Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes COMMITTEE DISCUSSION 2. Revision to the Definition of Affordable Housing - The Honorable Tameika Isaac-Devine 3. Columbia Housing Update: Vision 2030 - Ms. Ivory Matthews, Chief Executive Officer and Executive Director and Ms. Cindi Herrera, Senior Vice President of Development / Columbia Housing ANNOUNCEMENTS ADJOURNMENT Page 1 of 1

Packet

COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING AGENDA TUESDAY, AUGUST 10, 2021 The Columbia Affordable Housing Task Force will conduct an Advisory Committee Meeting on Tuesday, August 10, 2021 at 11:00 a.m. using Video Conferencing Technology. The meeting will be streamed online at www.columbiasc.gov. For questions regarding the meeting, please contact the City Clerk at (803)545-3045 or cityclerk@columbiasc.gov. CALL TO ORDER APPROVAL OF MINUTES 1. Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes COMMITTEE DISCUSSION 2. Revision to the Definition of Affordable Housing - The Honorable Tameika Isaac-Devine 3. Columbia Housing Update: Vision 2030 - Ms. Ivory Matthews, Chief Executive Officer and Executive Director and Ms. Cindi Herrera, Senior Vice President of Development / Columbia Housing ANNOUNCEMENTS ADJOURNMENT Page 1 of 1 1.a Attachment: AHTF_MN_05112021 (6890 : Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes) COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, MAY 11, 2021 CALL TO ORDER The meeting was called to order at 11:03 a.m. by Chair Tameika Isaac Devine. Attendee Name Title Status Tameika Isaac Devine Chair, Columbia City Council Present Jeff Armstrong Family Promise Present Julie Ann Avin MIRCI Present Reggie Barner The Barner Group Absent Sue Berkowitz SC Appleseed Legal Justice Center Present Brenna Bernadin Fast Forward Present Bryan Grady State Housing Finance & Development Present Authority Dylan Gunnels Mutual Aid of the Midlands Present Tonya Isaac Resident Absent Jeff Larimore Midlands Housing Trust Fund Absent Ivory Matthews Columbia Housing Authority Present Jennifer Moore United Way Absent Mary Louise Resch Habitat for Humanity Present Shayla Riley Coldwell Banker Present Lila Anna Sauls Homeless No More Present Gregory Sprouse Central Midlands Council of Governments Present Allison Terracio Richland County Council Present Regina Williams Board Member Absent Lester Young Just Leadership Absent Jim Zieche More Justice Present Chris Zimmer Truist Bank Present Pamela Bynoe-Reed Central Midlands Regional Transit Authority Present COMMITTEE DISCUSSION 1. Revision to the Definition of Affordable Housing - The Honorable Tameika Isaac-Devine Councilwoman Tameika Isaac Devine said I made a presentation to City Council regarding the work of the Affordable Housing Task Force. The Mayor is concerned that our definition includes "homeownership opportunities for people at every income level". He understood our rationale but thought that we should include an income level range that we are targeting. Page 1 of 5 Packet Pg. 2 1.a Attachment: AHTF_MN_05112021 (6890 : Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes) COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, MAY 11, 2021 Lila Anna Sauls, EdD, HDFP, President and CEO of Homeless No More said 50% of AMI in Richland County is about $25,000 for one person and $29,000 for a two-person household and 80% of AMI is $40,000 for one person and $46,000 for a two-person household. Federal funding takes your income into account when deciding rent. At 50%, zero to four bedrooms are capped at $636 to $1,000. At 80%, zero to four bedrooms are capped at $1,000 to $1,600. AMI impacts the rent. Most people like mixed-use developments. Let's look for a maximum percentage. Sue Berkowitz, Director of the SC Appleseed Legal Justice Center said more than a majority of folks are living paycheck to paycheck. It would be helpful to have that data. She asked for more time to consider this. Councilwoman Allison Terracio, Richland County Council said most people may not know what terms like 80% of AMI mean. Teresa Wilson, City Manager said it almost sounds like you are talking about attainable housing but we are still referring to it as affordable housing which brings on these connotations that people have associated with affordable housing for years. I didn’t know if that is worth putting back on the table if we are going to continue to discuss the definition. It seems like some cities are moving more towards attainable housing. Brenna Bernadin, MPH, Program Director at Fast Forward suggested focusing on the rent level instead of the income level. For example, people spending over 30% of their gross income. Let’s look at it as a rent or housing payment problem. Councilwoman Tameika Isaac Devine asked Brenna, Lila Anna, Sue, and Bryan to pull the bullet points out prior to the next meeting. 2. City of Charleston Housing Court Program - Mr. Jeff Yungman, Director of One80 Place Legal Services Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC provided an overview of Charleston’s Housing Court, which came about as a result of the 2017 Eviction Lab Report (https://evictionlab.org) by Princeton University. North Charleston was ranked number one in the country for the highest rate of evictions and Columbia came in eighth. A lot happens to a person when they are evicted. A study estimated that 70% of households facing eviction receive no legal representation. Tenants with an attorney were less likely to be evicted. I reviewed a dozen housing court programs and the program in Montgomery County, Pennsylvania fit what I hoped to do in Charleston. We started out with a pro-bono attorney, legal services attorney, and two law students Page 2 of 5 Packet Pg. 3 1.a Attachment: AHTF_MN_05112021 (6890 : Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes) COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, MAY 11, 2021 at the court. We thought this should be a holistic approach. We cannot deal with legal issues without dealing with other issues. The Trident Urban League received a grant from the S. C. Bar Foundation to provide funding for tenants and they provide financial counseling. We also used 2- 1-1 to provide other financial and housing referrals. The first housing court was held on October 2, 2019. We now have four magistrate court locations that hold one housing court docket one day per week. We don't do a lot of litigation; we negotiate to keep that person housed. Sometimes that includes a payment plan or an agreement to have the tenant move without having an eviction on their record. We educate tenants and landlords on their rights. In 2020, we held 282 eviction hearings in the four housing courts. Of those cases, 208 were dismissed or settled resulting in 74% of tenants who appeared in housing court not being evicted. Our major problem is getting pro- bono attorneys to assist us. If you can get buy-in from the magistrate court judges, the rest should be smooth sailing. A housing court manual and other resources can be found online at https://www.scbar.org/lawyers/bar-programs/pro-bono-program/volunteer-resources/housing- court-pilot-resources/. Sue Berkowitz, SC Appleseed Legal Justice asked if the grant Charleston Pro-Bono Legal Services received is sustainable. Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC said yes, it is sustainable over time. We are looking to start additional housing courts. Sue Berkowitz, SC Appleseed Legal Justice asked how did the landlords responded. Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC said in general, the landlords like having someone to negotiate and open up communication between them and the tenant. Councilwoman Tameika Isaac Devine asked if a few judges conduct homeless court or is it all magistrates. Is there any benefit to having a couple of dedicated judges to help? Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC said we have four judges and I am sure that Judge Mikell and Judge Steinberg will speak with your judges. Councilwoman Tameika Isaac Devine asked if tenants have access to a fund and financial counseling to help tenants understand budgeting. Page 3 of 5 Packet Pg. 4 1.a Attachment: AHTF_MN_05112021 (6890 : Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes) COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, MAY 11, 2021 Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC said if they receive funding through the Trident Urban League, they have to meet with a financial counselor at least once to discuss their budget. We will do anything we can to get people what they need to remain housed. Sue Berkowitz, Director of the SC Appleseed Legal Justice Center said it looks like the housing legal pilot program money may be released soon. This might be the right time for the City of Columbia to start thinking about this. Jeff Yungman, Legal Services Director at One80 Place in Charleston, SC said the Supreme Court is now deciding to allow six hours of continuing legal education (CLE) credit for attorneys that provide pro-bono work for housing court. Councilwoman Tameika Isaac Devine said we look forward to watching Charleston’s progress. The Legal & Zoning Committee can discuss whether or not this is something we would like to pursue here. You should also speak with Judge Coble because he was instrumental in setting up our homeless court. 3. Public Education & Awareness Committee Report - Ms. Brenna Bernadin, Committee Chair Brenna Bernadin, MPH, Program Director at Fast Forward / Public Education & Awareness Committee Chair said the finalized draft of the talking points were shared at the last meeting. We will use this when we start talking with community groups, neighborhood associations, and churches. We are determining who we need to target. The Partnerships Committee is looking at the business side of the community. I want to make sure we are talking about the different definitions of housing insecurity. I welcome ideas for additional talking points. I have been asking people questions to get them thinking about affordable housing and how things are changing for them. As soon as we come up with the definition, we have a list of places where we can begin outreach and we will work with the city's Public Relations Department to share additional information. APPROVAL OF MINUTES 4. Approval of April 13, 2021 Affordable Housing Task Force Meeting Minutes Upon a motion made by Jim Zieche and seconded by Ivory Mathews, task force members voted unanimously to approve the April 13, 2021 Affordable Housing Task Force Meeting Minutes. Page 4 of 5 Packet Pg. 5 1.a Attachment: AHTF_MN_05112021 (6890 : Approval of May 11, 2021 Affordable Housing Task Force Meeting Minutes) COLUMBIA AFFORDABLE HOUSING TASK FORCE MEETING MINUTES TUESDAY, MAY 11, 2021 ANNOUNCEMENTS Ivory Matthews, Chief Executive Officer/Executive Director for Columbia Housing reported that the Housing Authority is at the cusp of completing its redevelopment plan to address its affordable housing portfolio. We will also make a presentation to City Council on June 1st at 2:00 p.m. Jim Zieche, MORE Justice reported that the Nehemiah Action Assembly was held on April 26, 2021. I want to thank Councilwoman Terracio for supporting our push for an affordable housing trust fund for Richland County. Councilwoman Devine asked the subcommittee to review the definition of Affordable Housing prior to the next meeting. I am working on a couple of things regarding federal resources and I hope we can have that conversation next month. June is National Homeownership Month and homeownership is an option for affordable housing. For rental assistance as a result of the Coronavirus pandemic, please contact The Cooperative Ministry at cacoopmin.org or (803)799-3853. NEXT MEETING DATE Tuesday, June 8, 2021 at 11:00 a.m. ADJOURNMENT The meeting was closed at 12:05 p.m. Respectfully submitted: Erika D. Moore Hammond, CMC City Clerk Page 5 of 5 Packet Pg. 6 2.a Affordable Housing Task Force Report City of Columbia, South Carolina Attachment: Affordable Housing Task Force Report Draft (6891 : Revision to the Definition of Affordable Housing) Affordable housing is a continuum of equitable, inclusive, and quality rental and homeownership opportunities for people at every income level, which is critical to creating safe, complete, and thriving communities. Councilwoman Tameika Isaac Devine, Chair Mary Louise Resch, Habitat for Humanity John Andoh, The Comet Jeff Larimore, Midlands Housing Trust Fund Jeff Armstrong, Family Promise Jennifer Moore, United Way Julie Ann Avin, MIRCI Shayla Riley, Coldwell Banker Reggie Barner, The Barner Group Lila Anna Sauls, Homeless No More Sue Berkowitz, SC Appleseed Legal Justice Center Gregory Sprouse, Central Midlands COG Brenna Bernardin, Fast Forward Councilwoman Allison Terracio, Richland County Dr. Bryan P. Grady, SC State Housing Regina Williams, Booker Washington Heights Dylan Gunnels Lester Young, Just Leadership Tonya Isaac, North Columbia Resident Jim Zieche, More Justice Ivory Matthews, Columbia Housing Authority Chris Zimmer, Truist Bank Facts:  There is a statewide shortage of over 87,000 homes affordable and available to extremely low- income (ELI) households, those earning no more than 30 percent of area median income, according to the National Low Income Housing Coalition, making this group uniquely unlikely to have access to safe, decent, and affordable housing.  Nearly 7,500 low-income renter households in Columbia are experiencing particularly unaffordable or substandard housing conditions, representing 30 percent of all renters citywide. This includes all cost burdened ELI renters, as well as severely cost burdened very low-income renters and all low-income renters living in homes that are overcrowded or lacking the most basic amenities. Affordable Housing Unit Goal: To adequately address the needs of affordable housing in our community, it is imperative that we set aggressive but realistic goals to help add or preserve affordable housing units giving special attention to low income and extremely low income residents’ needs. The Affordable Housing Task Force will monitor 2021 building permits and certificates of occupancy to establish unit goals for 2022, 2023, and 2024. Committee Priorities: Accessibility - Julie Ann Avin, Chair The accessibility committee will delve into solutions for making access to quality affordable housing a reality for people within special populations i.e., people with mental illness, formerly incarcerated persons, people with disabilities, seniors and other populations. Last Revised April 13, 2021 – Page 1 Packet Pg. 7 2.a Financing - Mr. Reggie Barner, Chair The financing committee will identify effective affordable housing financing tools that can be utilized. Current tools under consideration include, but are not limited to the City of Columbia local affordable Attachment: Affordable Housing Task Force Report Draft (6891 : Revision to the Definition of Affordable Housing) housing tax abatement program, social impact fund for private investors, an affordable housing bond, one cent sales tax program, tax increament financing, multi-county industrial park legislation, unclaimed state funds, land banks, an affordable housing impact fee, and a county-wide trust fund. Legal & Zoning - Sue Berkowitz and Ms. Lila Anna Sauls, Co-Chairs The legal & zoning committee will review laws needed to advance affordable housing opportunities, laws that are an impediment to affordable housing, and zoning changes necessary to support the development of more affordable housing. Other areas of focus include mechanisms to address the issue of providing assistance and funding for persons facing eviction and innovative ideas for the reuse of abandoned properties like hotels and motels. Partnerships - Jennifer Moore, Chair The partnerships committee will bring together partners, such as other nonprofits and community based organizations that can help support the mission of the Affordable Housing Task Force. Public Education & Awareness Committee - Brenna Bernadin, Chair In collaboration with the partnerships committee, the public education & awareness committee will develop a strategy to help communicate the message of what affordable housing is and why it is needed, while working to dispel negative stereotypes about affordable housing and who we serve. We want to start a success story model. The goal is to demonstrate the worth and positive side of affordable housing, to debunk the myths, and work with opposition. OUTREACH CATEGORIES Funding Business, State & Local Entities Potenital Municipal Community & Neighborhood Community Housing & Homebuyers Media Outlets Developers Housing Associations Coalitions Agencies Real Estate & Renters Developers Partners Last Revised April 13, 2021 – Page 2 Packet Pg. 8 Presentation to Columbia City Council May 18, 2021 3.a Packet Pg. 9 Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) 3.a Quality Affordable Housing Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update)  Over the next 9 years, Columbia Housing will make an investment of over $500 million dollars in preserving and expanding affordable housing through public/private partnerships, many of which have been secured and you’ll hear more about them later in the presentation.  This investment will improve the quality and increase the supply of affordable housing, while also creating a significant contribution to the local economy and expanding opportunities for minority, women and small businesses. Packet Pg. 10 3.a Essential Mission Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Columbia Housing was created by the City of Columbia to perform an essential role in our community… … provide affordable housing for citizens with low and moderate incomes. Our Mission… … leverage the power of housing to build a foundation for individuals and families to thrive. Packet Pg. 11 3.a Public Housing Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) While often used generally to represent all affordable housing, Public Housing is actually a specific federal program and was the first federal program to provide safe, decent, and affordable housing for low-income families. Since the 1990’s, the federal commitment to the Public Housing Program has diminished and funding has been significantly reduced resulting in a capital backlog of over $60 BILLION nationwide. To address this backlog of capital needs, the Federal Government has turned to the private market. Packet Pg. 12 3.a Strategic Framework Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Vision 2030 is the strategic framework through which Columbia Housing will reposition our Public Housing portfolio and create new affordable housing in the City of Columbia and throughout Richland County through the creation of public/private partnerships utilizing private capital. Conversion tools provided by HUD will result in the elimination of all Public Housing in the City of Columbia and transitioned to another affordable housing platform. HUD conversion tools provide protection for residents and tenant rent continues to be based on 30% of monthly adjusted income. Rental assistance funds from HUD pay the difference between tenant rent and the market rent. Packet Pg. 13 3.a Strategic Framework Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Vision 2030 is the culmination of almost two years of planning in which every Public Housing property has been thoroughly assessed by third party professionals including architects, engineers, appraisers and environmental consultants. Columbia’s Public Housing has capital needs of over $250 Million. Public Housing is statutorily prohibited from accessing private capital, but HUD’s Rental Assistance Demonstration (RAD) Program removes properties from the Public Housing Program to enable access to market debt and equity. Packet Pg. 14 3.a Strategic Framework Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) RAD provides rental assistance for the converted property under a property based voucher platform with a long-term contract renewed in perpetuity. RAD requires ownership or control by a public or non-profit entity. A Use Agreement is also recorded under RAD ensuring that the units remain permanently affordable to low-income households Packet Pg. 15 Our Partners Packet Pg. 16 3.a Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) 3.a Oak at St. Anna’s Park Forest Drive, Washington Street, Ontario Street and McDuffie Street Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) (Gonzales Gardens – Council District 2) Senior Units 95 Family Units 190 TDC $58,148,544 Est. Closing Date November 2021 Est. Occupancy Date April 2023 Packet Pg. 17 3.a Haven at Palmer Pointe Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Carter Street and Two Notch Road (Marion Street Replacement – City Council District 2) Senior Units 150 TDC $31,212,954 Est. Closing Date November 2021 Est. Occupancy Date April 2023 Packet Pg. 18 3.a Allen Benedict / Oak Read Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Harden Street and Read Street (Columbia City Council District 2) CONVERSION REPOSITIONING PROPERTY STRATEGY STRATEGY New construction Allen 168 Senior Units Benedict Demolition 195 Family Units Court Q2 - 2022 Transfer of Substantial Rehab Oak Read Assistance to Eliminate Efficiency Units Highrise ABC Site Q3 - 2023 Packet Pg. 19 3.a Latimer Manor Lorick Ave and West Ave Arrington Manor College St and Oak St Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) (Columbia City Council District 2) CONVERSION REPOSITIONING PROPERTY STRATEGY STRATEGY New Construction Latimer RAD 220 +/- Rental Manor Demolition 50 Homeownership Q2 2022 New Construction Arrington RAD 80 +/- Senior Units Manor Demolition Q4 2022 Packet Pg. 20 3.a Reserves at Faraway 2000 Faraway Drive (Richland County) Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Dorrah Randall Dorrah St and Randall Ave (Columbia City Council District 1) CONVERSION REPOSITIONING PROPERTY STRATEGY STRATEGY RAD New Construction Reserves Demolition TBD Dorrah RAD New Construction Randall Demolition TBD Packet Pg. 21 3.a Hammond Village Marlboro St and River Dr (Columbia City Council District 1) Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Lewis Scott Court Eastover, SC (Richland County) CONVERSION REPOSITIONING PROPERTY STRATEGY STRATEGY Substantial Rehab Hammond RAD Conversion FHA223f Lewis Scott Substantial Rehab RAD Conversion Court FHA 223f Packet Pg. 22 3.a Scattered Sites Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) CONVERSION REPOSITIONING PROPERTY STRATEGY STRATEGY 18 Properties / 476 Units Small RAD Conversion 70 Units Demolished Properties 407 Units Rehabbed 295 Homes Single Family Disposition and 155 Rehab/Lease Purchase Homes Demolition 140 Sell or Demo Packet Pg. 23 3.a Village at Nazareth New Development Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Gervais St and Millwood Ave (Columbia City Council District 1) Senior Units 90 Family Units 160 Retail Commercial TDC TBD Packet Pg. 24 3.a Willows at Wateree Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) New Development Shakespeare Rd and Roof St (Richland County) Senior Units 104 Family Units 160 TDC $64,350,007 Est. Closing Date January 2022 Est. Occupancy Date July 2023 Packet Pg. 25 3.a Hunt Club New Development Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) Hunt Club Rd (Richland County) Family Units 160 TDC $39,249,876 Est. Closing Date January 2022 Est. Occupancy Date July 2023 Packet Pg. 26 3.a Huntington Court Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) New Development Trenholm Rd and O’Neil Ct Family Units 228 TDC $40,421,451 Est. Closing Date June 2022 Est. Occupancy Date December 2023 Packet Pg. 27 3.a Affordable Housing Portfolio 2030 Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) COLUMBIA HOUSING AFFORDABLE PORTFOLIO Public Housing Portfolio 1998 2,911 (*includes Hendley, Saxon Homes, ABC, Gonzales Gardens) Public Housing Portfolio 2021 1,684 Vision 2030 Units To Be Eliminated (323) Vision 2030 Public Housing Converted 1,361 2030 TOTAL PUBLIC HOUSING 0 Vision 2030 New Development 1,550 2030 TOTAL AFFORDABLE HOUSING UNITS 2,911 Packet Pg. 28 3.a Multi-Family Housing Revenue Bonds Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update)  Columbia Housing also facilitates affordable housing development serving as the “conduit issuer” of multifamily housing revenue bonds. on behalf of developers.  “Tax-exempt” bonds provide a substantial savings in interest costs on long-term debt financing if the issuer of the bonds is a unit of local government.  Bonds enable at least 50% of the costs financed with tax-exempt bonds automatically qualify for non-competitive federal and state Low Income Housing Tax Credits (the “LIHTCs”) creating equity for the property. Packet Pg. 29 Pending Bond Transactions Packet Pg. 30 3.a Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update) QUESTIONS?? 23 Packet Pg. 31 3.a Attachment: Columbia Housing Presentaiton REV (6895 : CHA Update)