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#AffordableHousingNow 2018 Federal & State Housing Policy and Funding Updates Presented to Contra Costa Housing Summit March 26, 2018 Amie Fishman Non-Profit Housing Association of Northern California

#AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

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Page 1: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

#AffordableHousingNow 2018 Federal & State Housing Policy and Funding Updates

Presented to Contra Costa Housing

SummitMarch 26, 2018

Amie Fishman Non-Profit Housing Association of Northern California

Page 2: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

NPH’S MISSION

NPH sees a future where everyone has a place to call home and

where low-income communities and communities of color have the

opportunity to stay and prosper in the Bay Area.

We envision a day where everyone has access to an affordable

home; and we can improve our health, our children’s educational

outcomes, our environment, our transit system, our regional

competitiveness and the Bay Area’s diversity and equity.

Non-Profit Housing Association of Northern California

Page 3: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Members, residents, board & staff

Page 4: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

● Trainings & working groups

● Annual conference

● Leadership awards

● Emerging Leaders Peer Network

● Electoral & communications strategies

NPH UNITES THE BAY AREA WITH RESEARCH, POLICY & CAMPAIGNS

● Membership organization

● Regional leadership

● Legislative advocacy

● Issue education

● Technical assistance

● Regulatory support

Page 5: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Housing crisis burdenslow-income families

It’s even worse than you think

Page 6: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Since 2008, the State of California lost

$1.74 billion in annual funding for

affordable housing.

Source: California Housing Partnership

Page 7: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Source: California Housing Partnership

FUNDING SOURCE FY 2008-09 FY 2014-15 PERCENT CHANGE

Redevelopment $1,142,555,324 $0 -100%

State Funding & Bonds $680,429,821 $328,341,578 -52%

HUD $778,782,375 $545,325,816 -30%

Total $2,601,767,520 $873,667,394 -66.5%

Page 8: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

NPH pivoted to a regional electoral strategy to build public support and political will

● NPH initiated and led ballot measure campaigns with members & partners● City and County policymakers spurred to act as federal, state leaders fail● Investment in capacity building supports both ballot measure & policy work

Page 9: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Multilingual civic education

● Data driven best practices in

community building & engagement

Page 10: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

NPH ELECTORAL SUCCESS IN 2016

Source: County Elections

BALLOT MEASURE SUMMARY APPROVAL PERCENTAGE

Alameda CountyMeasure A1

$580 million bond 73%

San Mateo CountyMeasure K

½ cent sales tax extension 70%

Santa Clara CountyMeasure A

$950 million bond 67.88%

Page 11: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Ballot campaigns added momentum to California legislative advocacy

● Resident voices flip “no” votes to “yes” -- and win leadership action

Page 12: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Residents United Network demonstrates power in Sacramento

Page 13: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

2017 LEGISLATIVE PRIORITIES: A HOUSING PACKAGE -- WE WON!

• The Governor signed a historic housing package of over 18 bills

• All of NPH priority bills were signed this legislative session due to growing momentum and ballot measure wins.

• The package includes ongoing funding for affordable housing, a new state housing bond, and new tools for cities to build and preserve affordable housing.

Page 14: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

2017 LEGISLATIVE PRIORITIES: A HOUSING PACKAGE -- WE WON!

• Building Homes and Jobs Act (SB 2: Atkins) establishes a permanent source of funding for affordable housing through a $75 fee on real estate document filings.

• Affordable Housing Bond Act (SB 3: Beall) places a $4 billion statewide general obligation bond for affordable housing on the November 2018 ballot to fund existing critical and successful affordable housing programs in California.

Gearing up: Nov 2018 bond campaign!

Page 15: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Growing Momentum: 2018 & beyond

• Win state affordable housing bond campaign and local county measures in 2018.

• Implementation implementation implementation.

• Build people power! Continue to lift up voices and engage the communities most impacted.

• Advance new regional policy tools and state legislation, & lay groundwork for 2020 measures.

• Strategic communications matter!

Public investment is a priority!

Page 16: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Veterans & Affordable Housing Bond Act of 2018

$4 billion general obligation bond on the November 6, 2018 statewide ballot, the first statewide housing GO bond in 12 years.

• $1.5 billion, Multifamily Housing Program (MHP)• $1 billion, Cal-Vet Farm and Home Loan Program• $300 million, Infill Infrastructure Grant Financing• $300 million, Joe Serna Jr. Farmworker Housing Grant Program• $300 million, Local Housing Trust Match Grant Program• $300 million, CalHome• $150 million, CalHFA Home Purchase Assistance• $150 million, Transit-Oriented Development Program

Website: AffordableHousingNow.org

Page 17: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Federal Outlook”Help is NOT on the way…”

● CA is first in nation in poverty (20%) with housing costs

● Homelessness rose 14% in 2016 to 2017

● HUD funding programs have been slashed.

● Impact of GOP Tax Bill: Cost California $1.4 billion in Low-Income Housing Tax Credit (LIHTC) equity in 2017 alone, and likely to decrease production in CA by at least 75,000 affordable homes over the next ten years.

Source: California Housing Partnership (CHPC)

Page 18: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Federal UpdateSome Good News: FY2018 Omnibus Spending Bill

● Includes a 12.5% increase to the 9% credit allocations for each state for 4 years

● Authorizes states to serve households up to 80% AMI as long as overall affordability averages are maintained (income-averaging)

● Increases funding for the HOME program by $412 million (a 43% increase) from $950 million to $1.362 billion

● Lifts the cap on RAD conversions from 285,000 units to 455,000 units

Page 19: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

State Budget AsksGeneral Fund Allocations from State Budget Surplus

● SB 912 (Beall and Skinner) $2 billion to address affordable housing and homelessness

● AB 3171 (Ting, et. al.) $1.5 billion for Homeless Persons Services Block Grant program for cities (requires local match)

● Assemblymember David Chiu has also circulated a budget request letter of $1 billion for MHP and homeless housing.

Page 20: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Key State Legislative Priorities#BringCAHome

● AB 2065 (Ting): strengthen and clarify the State Surplus Land Act for affordable housing in response to implementation challenges in several jurisdictions. NPH is sponsoring this bill.

● AB 2923 (Chiu and Grayson): make the BART TOD guidelines the default minimum zoning standard for BART-owned properties within .5 miles of a station entrance if a jurisdiction fails to rezone within 2 years. NPH is cosponsoring this bill.

● AB 2162 (Chiu and Daly): make permanent supportive housing “by-right” in residential & commercial zones. Housing California and Corporation for Supportive Housing are co-sponsoring this bill.

Page 21: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

State Legislative Updates#BringCAHome

● AB 3072 (Chiu): Recent bill introduction to increase the State Low Income Housing Tax Credit by $500 million per year to offset the lost value of federal LIHTC due to the reduction in the corporate tax rate

● AB 3037 (Chiu): recreate a new Community Redevelopment program a.k.a. RDA 2.0.

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NPH: Building towards a future where everyone has a safe, stable, and affordable place to call home.

STRENGTHENING OUR COMMUNITIES

Page 23: #AffordableHousingNow · Federal Update Some Good News: FY2018 Omnibus Spending Bill Includes a 12.5% increase to the 9% credit allocations for each state for 4 years Authorizes states

Amie Fishman

Follow NPH on Twitter:@NPHANC

@michaeldlane

FOR MORE INFORMATION:

Executive Director

[email protected] x13

Thank you!