Cupid Alexander, of the Portland Housing Bureau, presents on how local governments can generate housing resources at Neighborhood Partnerships' 2016 RE:Conference
Consumer Protection Listening Session: How Can You Protect Your Clients From ...NeighborhoodPartnerships
Sometimes the field of Consumer Protection feels like whack-a-mole. It seems like every day a new scam pops up to entrap our community members. What consumer protection issues are your clients facing? This session offers a chance for you to share your concerns and hear from your colleagues. Experts in the field will offer resources and tools to help keep your clients safe. We will also explore policy solutions to change the landscape of Consumer Protection in Oregon.
Diane Childs, Oregon Department of Consumer and Business Services
Jonathan Groux, Consumer Protection Section of the Oregon Department of Justice
Moderator: Sybil Hebb, Oregon Law Center
Supersize that IDA: How enhancing your programs with credit building can achi...NeighborhoodPartnerships
Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
The free Your Money Your Goals (YMYG) Toolkit designed by the Consumer Financial Protection Bureau (CFPB) makes it easy and customizable to set client financial goals, choose financial products and build money management skills for social service providers who aren’t experienced with such things. Neighborhood Partnerships is part of a team charged with getting the toolkit in the hands of more Oregonians.
Asset building is a powerful tool that allows people to pursue their dreams, push past generational poverty and create economic security for their families. Yet for many taking that first step toward building a financial foundation is simply out of the question. What if there was a way for everyone to help support those first steps? We believe there is! No matter what your client base is, or what kind of interface you have with clients, this session will explore opportunities for starting conversations that can impact our client’s long term financial success – the gateway conversations that will open the door to prosperity. We will explore tools and resources such as Your Money Your Goals, the CFED Integrating Financial Capability Toolkit and Bank On Oregon that help support clients in finding their path toward financial resilience.
Elena Fracchia, United Way of Lane County
Lynne McConnell, NeighborImpact
Manual on loan policy procedure for ccs microfinanceAbdalla Hersi
This document provides an overview of the loan policy and procedures for the Committee of Concerned Somalis (CCS) credit and savings association. It outlines the management structure and roles of various bodies like the General Assembly, Board of Directors, Micro-credit Committee, Executive Director, and others.
The key aspects covered are the mission to facilitate micro-credit and savings for members, eligibility criteria for borrowers, types of eligible loan purposes, loan terms, and operational policies around loan appraisal, disbursement, repayment, and portfolio management. Procedures for members and borrowers to apply for loans are also described. The document aims to provide guidance to staff and members on sound principles for managing micro-
Building assets is one of the most effective pathways out of generational poverty and into financial stability. To build assets, families need financial education, asset building opportunities, and the ability to protect assets. Building and maintaining credit is a key part of this process. This session will provide an introduction to the strategies and policies that are helping families build credit and get on the path to financial stability.
Presenters
Sarah Chenven, Credit Builders Alliance
Abby Wood, Metropolitan Family Services
1) The microfinance lending process involves several steps including an orientation for applicants, collecting and verifying application information, reviewing applications in a credit committee meeting, processing approved loans, disbursing funds to borrowers, and collecting loan payments.
2) Key steps are conducting credit checks of applicants, presenting application materials to a credit committee for approval, preparing loan documentation if approved, signing documents and collecting the first payment from borrowers, and ongoing collection of subsequent loan payments.
3) Regular collection of loan payments is managed through issuing pre-numbered payment receipts to agents who collect and batch payments for accounting and updating of borrower accounts.
We recently worked with a non banking financial institution and helped them create a professional looking version of their existing loan policy documents. The intent was to keep the document clean and impactful whilst breaking away from the usage of Word.
Most of the times these documents are made in softwares such as InDesign but we made it in PowerPoint. The client not only benefited because the document was editable but was also able to re-use it for future projects. Also, the cost of creating this document was in PowerPoint was 8 times lesser than what they would have paid for InDesign work!
Consumer Protection Listening Session: How Can You Protect Your Clients From ...NeighborhoodPartnerships
Sometimes the field of Consumer Protection feels like whack-a-mole. It seems like every day a new scam pops up to entrap our community members. What consumer protection issues are your clients facing? This session offers a chance for you to share your concerns and hear from your colleagues. Experts in the field will offer resources and tools to help keep your clients safe. We will also explore policy solutions to change the landscape of Consumer Protection in Oregon.
Diane Childs, Oregon Department of Consumer and Business Services
Jonathan Groux, Consumer Protection Section of the Oregon Department of Justice
Moderator: Sybil Hebb, Oregon Law Center
Supersize that IDA: How enhancing your programs with credit building can achi...NeighborhoodPartnerships
Credit building accelerates asset building. Participants in this session will learn the value of credit building as an asset building strategy and an opportunity for strengthening your clients’ financial capabilities. Participants will learn about what credit building is and basic considerations for integrating credit building into your programs. We will explore credit building innovations including a pilot program here in Oregon that helps clients automatically build credit while fulfilling their IDA savings plan.
Sarah Chenven, Credit Builders Alliance
Nancy Yuill, Innovative Changes
The free Your Money Your Goals (YMYG) Toolkit designed by the Consumer Financial Protection Bureau (CFPB) makes it easy and customizable to set client financial goals, choose financial products and build money management skills for social service providers who aren’t experienced with such things. Neighborhood Partnerships is part of a team charged with getting the toolkit in the hands of more Oregonians.
Asset building is a powerful tool that allows people to pursue their dreams, push past generational poverty and create economic security for their families. Yet for many taking that first step toward building a financial foundation is simply out of the question. What if there was a way for everyone to help support those first steps? We believe there is! No matter what your client base is, or what kind of interface you have with clients, this session will explore opportunities for starting conversations that can impact our client’s long term financial success – the gateway conversations that will open the door to prosperity. We will explore tools and resources such as Your Money Your Goals, the CFED Integrating Financial Capability Toolkit and Bank On Oregon that help support clients in finding their path toward financial resilience.
Elena Fracchia, United Way of Lane County
Lynne McConnell, NeighborImpact
Manual on loan policy procedure for ccs microfinanceAbdalla Hersi
This document provides an overview of the loan policy and procedures for the Committee of Concerned Somalis (CCS) credit and savings association. It outlines the management structure and roles of various bodies like the General Assembly, Board of Directors, Micro-credit Committee, Executive Director, and others.
The key aspects covered are the mission to facilitate micro-credit and savings for members, eligibility criteria for borrowers, types of eligible loan purposes, loan terms, and operational policies around loan appraisal, disbursement, repayment, and portfolio management. Procedures for members and borrowers to apply for loans are also described. The document aims to provide guidance to staff and members on sound principles for managing micro-
Building assets is one of the most effective pathways out of generational poverty and into financial stability. To build assets, families need financial education, asset building opportunities, and the ability to protect assets. Building and maintaining credit is a key part of this process. This session will provide an introduction to the strategies and policies that are helping families build credit and get on the path to financial stability.
Presenters
Sarah Chenven, Credit Builders Alliance
Abby Wood, Metropolitan Family Services
1) The microfinance lending process involves several steps including an orientation for applicants, collecting and verifying application information, reviewing applications in a credit committee meeting, processing approved loans, disbursing funds to borrowers, and collecting loan payments.
2) Key steps are conducting credit checks of applicants, presenting application materials to a credit committee for approval, preparing loan documentation if approved, signing documents and collecting the first payment from borrowers, and ongoing collection of subsequent loan payments.
3) Regular collection of loan payments is managed through issuing pre-numbered payment receipts to agents who collect and batch payments for accounting and updating of borrower accounts.
We recently worked with a non banking financial institution and helped them create a professional looking version of their existing loan policy documents. The intent was to keep the document clean and impactful whilst breaking away from the usage of Word.
Most of the times these documents are made in softwares such as InDesign but we made it in PowerPoint. The client not only benefited because the document was editable but was also able to re-use it for future projects. Also, the cost of creating this document was in PowerPoint was 8 times lesser than what they would have paid for InDesign work!
This document discusses types of credit and the process for earning credit. It describes credit as receiving goods, services, or money in exchange for a future promise to pay with interest. When applying for credit, lenders evaluate a borrower's character, capital, capacity, collateral, and the current economic conditions to determine their ability and willingness to repay. The main types of credit described are installment loans like car loans, student loans, credit cards, and mortgages for home purchases. Each has distinct features around repayment amounts, timelines, interest rates and fees.
The PPT contains information about CIBIL - leading rating agency in India. It tells you about the shareholding pattern, CSR, management and other relevant info
Behaviorally Informed Anti-poverty Programs Part 1seprogram
This document discusses evidence from commitment savings products in the Philippines and New York City. It summarizes the SEED savings product in the Philippines which had a 28% take-up rate and increased savings by 300% for those who opened an account. It also describes the Super Saver CD product which allowed savers to build their balance over time by making regular deposits toward a savings goal with a competitive dividend rate. Both products aim to help people overcome cognitive biases to improve savings outcomes through commitment devices.
With Introduction to CIBIL, it covers the difference between Cibil Score and CIBIL Report. Further Eligibility To Check CIBIL Score and Factors Affecting CIBIL Score are also Discussed
1) StretchPay is an alternative loan program to payday loans offered through credit unions. It provides short-term lines of credit up to $250 or $500 with affordable repayment terms and fees.
2) It began as a pilot program through 11 credit unions in Ohio to test offering small dollar loans. Over 35 credit unions nationwide are now considering participating.
3) Credit unions can join through a CUSO which reimburses 90% of credit losses, allowing them to offer the loans without taking on significant risk. The CUSO manages the program and risk sharing nationally.
This document provides an overview of credit reports and credit scores. It discusses what information is included in a credit report from the major credit bureaus, how credit scores are calculated and used to assess creditworthiness, and ways to build or repair credit. The presentation covers disputing errors, the effects of payment history and debt levels on credit scores, and cautions against credit repair scams. The goal is to help people understand their financial reports and profiles in order to make informed financial decisions.
Joint Presentation On Hud & Sba 2011mlhommedieu
This document summarizes an upcoming session on navigating credit opportunities through HUD and SBA financing programs. It provides contact information for various speakers and an overview of their objectives to explain recent legal changes to HUD's LEAN program and SBA financing through case studies and examples. It also outlines key aspects of various HUD and SBA loan programs including purposes, terms, requirements and eligibility guidelines.
What Is Commercial Loan Modification And Why Now!TylerMorris
A commercial loan modification allows a borrower to modify the original terms and conditions of their commercial mortgage through lower interest rates, extending the loan term, rescheduling or eliminating balloon payments, reducing or eliminating fees and penalties, or providing forbearance or interest-only periods. This benefits both borrowers and lenders as commercial property values and markets have declined significantly since 2007. Lenders are encouraged to modify loans to stabilize the market rather than pursue legal action, while borrowers can keep their properties and avoid losses. Commercial Capital Advisors assists with this process at low or no cost with over 50 combined years of experience in commercial lending and law.
The document provides information about The Bank of New York, including its history, leadership, mission, services, and financial performance. It was established in 1784 and currently operates approximately 350 branches in the New York metropolitan area, employing around 18,000 people. The bank aims to retain customer confidence and form strategic partnerships to meet the credit needs of individuals, businesses, municipalities, and community organizations. It offers an array of personal and commercial banking services.
A medical loan is a form of personal loan that provides financial protection against medical expenses that may arise in the event of an emergency. Medical loans may be used to cover costs such as hospitalization, prescription drug costs, operations, bypass surgery, chemotherapy, and other related treatments.
- The document discusses understanding and managing personal credit, including credit reports, credit scores, and proper credit card usage.
- It provides information on obtaining credit reports and credit scores, understanding how credit scores are calculated, and managing credit cards to avoid interest charges and debt.
- The document also reviews how to correct errors on credit reports and opt out of credit card and telemarketing offers to improve credit standing.
Bankruptcy is a legal process that allows deeply indebted individuals to create a repayment plan or have some debts erased. There are two main types of bankruptcy: Chapter 7 involves liquidating assets to repay debts and allows erasing unsecured debt; Chapter 13 creates a court-ordered repayment plan over 3-5 years. Bankruptcy remains on one's credit record for many years and makes obtaining credit more difficult with higher interest rates. It is a major life event that permanently affects borrowers, lenders, and those declaring bankruptcy. Responsible financial habits like tracking spending, minimizing borrowing, and saving for large purchases can help avoid the need for bankruptcy.
Why is it_so_hard_to_get_a_business_loan_by_plousioAlex Chang
Plousio is an online lending marketplace that connects small businesses seeking loans with over 70 lenders to provide more funding options. Through Plousio, small businesses can receive funding as fast as 48 hours and get the most competitive loan offers. Plousio's funding advisors guide businesses through the entire process and help address banks' concerns over weak financials, low credit scores, or insufficient collateral that often lead to loan denial.
The document discusses considerations for credit unions offering payday loan alternatives to their members. It provides data showing that many credit union members and employees use payday lenders due to a lack of affordable short-term credit options. The document outlines factors for credit unions to consider when developing payday loan products, and shares success stories of credit union programs that have saved members over $2 million by providing affordable short-term loans as an alternative to predatory payday lenders.
This document provides an overview of personal credit and credit scores. It defines credit as borrowing money that must be repaid over time, with interest. The benefits of credit include purchasing power and establishing a credit history, while risks include debt, fees, and damage to one's credit if not repaid. The "four C's" that lenders evaluate are credit history, collateral, capacity to repay, and current conditions. It also discusses credit reports, credit scores, responsible credit management, and why maintaining good credit is important.
ACCION USA conducts "block walking" to build relationships within communities and learn about local businesses. They provide loans to fill gaps not met by traditional lenders, with products including business loans up to $50,000, start-up loans up to $30,000, and personal loans from $500-10,000. Loan approval considers an applicant's character, cash flow, collateral, and credit history. The loans help create an average of two jobs per business and have generated over 11,500 new jobs total.
SBA loans can provide longer terms for borrowers and give lenders an incentive to make small business loans. They allow banks to provide funding even if their policies prohibit the loan. To qualify for an SBA loan, borrowers must demonstrate good character, management skills, a reasonable personal contribution, a feasible business plan, sufficient collateral, and an ability to repay the loan from cash flow. The 7(a) loan program guarantees loans up to $2 million that are negotiated between borrowers and lenders at rates up to 2.75% above prime. Guaranty fees are based on loan size and maturity.
The document discusses the importance of credit and maintaining a good credit score. It provides information on how credit scores are calculated based on payment history, credit utilization, length of credit history, and credit inquiries. It also offers tips on building credit, monitoring credit, applying for loans, and strategies for improving one's credit score such as paying bills on time, maintaining low credit utilization, and keeping old credit accounts open. The document advocates using credit strategically as a tool to borrow money cheaply and potentially earn interest.
Everything You Wanted To Know About CIBIL - www.propertiesandloans.comBhavya Sahni
CIBIL is an organization that tracks individuals' credit histories in India and assigns each a CIBIL score. This score is used by banks and financial institutions to assess loan applications. An individual can check their CIBIL score online for a nominal fee. The score ranges from 900 (supreme) to below 500 (no hope) and impacts what types of loans and interest rates one qualifies for. Maintaining a good credit score involves paying all bills on time, not overusing credit cards, and maintaining a diverse credit profile with a mix of loans and low credit utilization.
Laura Choi, Senior Research Associate – Community Development, Federal Reserv...NeighborhoodPartnerships
This document discusses strategies for strengthening financial security and well-being in Oregon. It notes that housing stability is important for financial stability and discusses factors like income and expense volatility that contribute to financial insecurity. The four elements of financial well-being are defined as security, control, capacity, and freedom. Partnerships across sectors are proposed to help more people access services that promote financial coaching, tax preparation assistance, education, and health resources. The goal is to expand the reach of programs that support financial well-being through innovative cross-sector collaboration.
The document discusses the large and growing racial wealth divide in the United States. It notes that it would take Latino families 84 years and Black families 228 years to amass the same amount of wealth as White families today. Current federal policies benefit wealthy households more than middle- and low-income households of color. The document proposes conducting audits of federal and state policies, fixing upside-down tax incentives, addressing concentrated wealth, and investing in programs and nonprofits that can help close the racial wealth divide.
This document discusses types of credit and the process for earning credit. It describes credit as receiving goods, services, or money in exchange for a future promise to pay with interest. When applying for credit, lenders evaluate a borrower's character, capital, capacity, collateral, and the current economic conditions to determine their ability and willingness to repay. The main types of credit described are installment loans like car loans, student loans, credit cards, and mortgages for home purchases. Each has distinct features around repayment amounts, timelines, interest rates and fees.
The PPT contains information about CIBIL - leading rating agency in India. It tells you about the shareholding pattern, CSR, management and other relevant info
Behaviorally Informed Anti-poverty Programs Part 1seprogram
This document discusses evidence from commitment savings products in the Philippines and New York City. It summarizes the SEED savings product in the Philippines which had a 28% take-up rate and increased savings by 300% for those who opened an account. It also describes the Super Saver CD product which allowed savers to build their balance over time by making regular deposits toward a savings goal with a competitive dividend rate. Both products aim to help people overcome cognitive biases to improve savings outcomes through commitment devices.
With Introduction to CIBIL, it covers the difference between Cibil Score and CIBIL Report. Further Eligibility To Check CIBIL Score and Factors Affecting CIBIL Score are also Discussed
1) StretchPay is an alternative loan program to payday loans offered through credit unions. It provides short-term lines of credit up to $250 or $500 with affordable repayment terms and fees.
2) It began as a pilot program through 11 credit unions in Ohio to test offering small dollar loans. Over 35 credit unions nationwide are now considering participating.
3) Credit unions can join through a CUSO which reimburses 90% of credit losses, allowing them to offer the loans without taking on significant risk. The CUSO manages the program and risk sharing nationally.
This document provides an overview of credit reports and credit scores. It discusses what information is included in a credit report from the major credit bureaus, how credit scores are calculated and used to assess creditworthiness, and ways to build or repair credit. The presentation covers disputing errors, the effects of payment history and debt levels on credit scores, and cautions against credit repair scams. The goal is to help people understand their financial reports and profiles in order to make informed financial decisions.
Joint Presentation On Hud & Sba 2011mlhommedieu
This document summarizes an upcoming session on navigating credit opportunities through HUD and SBA financing programs. It provides contact information for various speakers and an overview of their objectives to explain recent legal changes to HUD's LEAN program and SBA financing through case studies and examples. It also outlines key aspects of various HUD and SBA loan programs including purposes, terms, requirements and eligibility guidelines.
What Is Commercial Loan Modification And Why Now!TylerMorris
A commercial loan modification allows a borrower to modify the original terms and conditions of their commercial mortgage through lower interest rates, extending the loan term, rescheduling or eliminating balloon payments, reducing or eliminating fees and penalties, or providing forbearance or interest-only periods. This benefits both borrowers and lenders as commercial property values and markets have declined significantly since 2007. Lenders are encouraged to modify loans to stabilize the market rather than pursue legal action, while borrowers can keep their properties and avoid losses. Commercial Capital Advisors assists with this process at low or no cost with over 50 combined years of experience in commercial lending and law.
The document provides information about The Bank of New York, including its history, leadership, mission, services, and financial performance. It was established in 1784 and currently operates approximately 350 branches in the New York metropolitan area, employing around 18,000 people. The bank aims to retain customer confidence and form strategic partnerships to meet the credit needs of individuals, businesses, municipalities, and community organizations. It offers an array of personal and commercial banking services.
A medical loan is a form of personal loan that provides financial protection against medical expenses that may arise in the event of an emergency. Medical loans may be used to cover costs such as hospitalization, prescription drug costs, operations, bypass surgery, chemotherapy, and other related treatments.
- The document discusses understanding and managing personal credit, including credit reports, credit scores, and proper credit card usage.
- It provides information on obtaining credit reports and credit scores, understanding how credit scores are calculated, and managing credit cards to avoid interest charges and debt.
- The document also reviews how to correct errors on credit reports and opt out of credit card and telemarketing offers to improve credit standing.
Bankruptcy is a legal process that allows deeply indebted individuals to create a repayment plan or have some debts erased. There are two main types of bankruptcy: Chapter 7 involves liquidating assets to repay debts and allows erasing unsecured debt; Chapter 13 creates a court-ordered repayment plan over 3-5 years. Bankruptcy remains on one's credit record for many years and makes obtaining credit more difficult with higher interest rates. It is a major life event that permanently affects borrowers, lenders, and those declaring bankruptcy. Responsible financial habits like tracking spending, minimizing borrowing, and saving for large purchases can help avoid the need for bankruptcy.
Why is it_so_hard_to_get_a_business_loan_by_plousioAlex Chang
Plousio is an online lending marketplace that connects small businesses seeking loans with over 70 lenders to provide more funding options. Through Plousio, small businesses can receive funding as fast as 48 hours and get the most competitive loan offers. Plousio's funding advisors guide businesses through the entire process and help address banks' concerns over weak financials, low credit scores, or insufficient collateral that often lead to loan denial.
The document discusses considerations for credit unions offering payday loan alternatives to their members. It provides data showing that many credit union members and employees use payday lenders due to a lack of affordable short-term credit options. The document outlines factors for credit unions to consider when developing payday loan products, and shares success stories of credit union programs that have saved members over $2 million by providing affordable short-term loans as an alternative to predatory payday lenders.
This document provides an overview of personal credit and credit scores. It defines credit as borrowing money that must be repaid over time, with interest. The benefits of credit include purchasing power and establishing a credit history, while risks include debt, fees, and damage to one's credit if not repaid. The "four C's" that lenders evaluate are credit history, collateral, capacity to repay, and current conditions. It also discusses credit reports, credit scores, responsible credit management, and why maintaining good credit is important.
ACCION USA conducts "block walking" to build relationships within communities and learn about local businesses. They provide loans to fill gaps not met by traditional lenders, with products including business loans up to $50,000, start-up loans up to $30,000, and personal loans from $500-10,000. Loan approval considers an applicant's character, cash flow, collateral, and credit history. The loans help create an average of two jobs per business and have generated over 11,500 new jobs total.
SBA loans can provide longer terms for borrowers and give lenders an incentive to make small business loans. They allow banks to provide funding even if their policies prohibit the loan. To qualify for an SBA loan, borrowers must demonstrate good character, management skills, a reasonable personal contribution, a feasible business plan, sufficient collateral, and an ability to repay the loan from cash flow. The 7(a) loan program guarantees loans up to $2 million that are negotiated between borrowers and lenders at rates up to 2.75% above prime. Guaranty fees are based on loan size and maturity.
The document discusses the importance of credit and maintaining a good credit score. It provides information on how credit scores are calculated based on payment history, credit utilization, length of credit history, and credit inquiries. It also offers tips on building credit, monitoring credit, applying for loans, and strategies for improving one's credit score such as paying bills on time, maintaining low credit utilization, and keeping old credit accounts open. The document advocates using credit strategically as a tool to borrow money cheaply and potentially earn interest.
Everything You Wanted To Know About CIBIL - www.propertiesandloans.comBhavya Sahni
CIBIL is an organization that tracks individuals' credit histories in India and assigns each a CIBIL score. This score is used by banks and financial institutions to assess loan applications. An individual can check their CIBIL score online for a nominal fee. The score ranges from 900 (supreme) to below 500 (no hope) and impacts what types of loans and interest rates one qualifies for. Maintaining a good credit score involves paying all bills on time, not overusing credit cards, and maintaining a diverse credit profile with a mix of loans and low credit utilization.
Laura Choi, Senior Research Associate – Community Development, Federal Reserv...NeighborhoodPartnerships
This document discusses strategies for strengthening financial security and well-being in Oregon. It notes that housing stability is important for financial stability and discusses factors like income and expense volatility that contribute to financial insecurity. The four elements of financial well-being are defined as security, control, capacity, and freedom. Partnerships across sectors are proposed to help more people access services that promote financial coaching, tax preparation assistance, education, and health resources. The goal is to expand the reach of programs that support financial well-being through innovative cross-sector collaboration.
The document discusses the large and growing racial wealth divide in the United States. It notes that it would take Latino families 84 years and Black families 228 years to amass the same amount of wealth as White families today. Current federal policies benefit wealthy households more than middle- and low-income households of color. The document proposes conducting audits of federal and state policies, fixing upside-down tax incentives, addressing concentrated wealth, and investing in programs and nonprofits that can help close the racial wealth divide.
The document summarizes Oregon's new retirement savings plan. It notes that most Americans and Oregonians are not saving enough for retirement. The Oregon plan will provide a simple, automatic way for those without access to a workplace plan to save through payroll deductions into a Roth IRA. Employers with no existing plan who have more than 25 employees will be required to offer the plan starting in 2018. The state aims to help more Oregonians save for retirement, which benefits workers, families, communities and taxpayers.
Dr. Crystal Hall, The Evans School of Social Policy, University of Washington...NeighborhoodPartnerships
This document discusses how behavioral science can provide insights into human decision-making, especially in contexts of scarcity and poverty. It notes that while individuals may make seemingly irrational decisions, their behavior is often predictable. When facing scarcity of resources like time or money, people tend to focus on short-term planning and trade-offs. This has implications for policymaking. The Social and Behavioral Sciences Team applies findings from behavioral sciences to improve federal policies and programs by focusing on access, choices, and incentives. Randomized trials are used to test interventions and measure their impact on outcomes.
Kevin Jeffries, Consumer Liaison, Oregon Department of Consumer and Business ...NeighborhoodPartnerships
Kevin Jeffies of the Oregon Department of Consumer and Business Services presents on financial fraud and scam prevention at Neighborhood Partnerships' 2016 RE:Conference
Lori Coyner (State Medicaid Director, Oregon Health Authority), Rachel Port (Public Policy Director, Central City Concern), Leslie Neugebauer (Director of Central Oregon Coordinated Care Organization, PacificSource), Pam Hester (Health and Housing Manager, CareOregon), and Josh Balloch (VP of Government Affairs and Health Policy, AllCare) present on Health as Housing at Neighborhood Partnerships' 2016 RE:Conference
This document provides a summary of 10 scientifically proven ways for advocates to speak differently and get results when promoting social change. It emphasizes leading with values, focusing on solutions rather than problems, and using strategic storytelling techniques like sharing unexpected messengers, highlighting shared community benefits, and crafting landscape stories that portray a positive vision for the future. The goal is to effectively frame issues and policies in a way that moves people to action.
This document provides a summary and analysis of key points from the Indian Union Budget 2020-2021 presented by the Finance Minister. Some of the key highlights included in the 3-page summary are:
- A new optional income tax regime that provides lower tax rates but removes certain deductions and exemptions.
- Proposed disinvestment target of INR 2.1 lakh crore through sale of stakes in PSUs like LIC and BPCL.
- Infrastructure spending to get a boost through initiatives like the National Infrastructure Pipeline.
- Customs duties increased on various imports like electronics, footwear, and furniture to boost domestic manufacturing.
- Measures to resolve long pending direct tax disputes and raise funds through disinvestment
The document summarizes changes to Connecticut's Low-Income Housing Tax Credit (LIHTC) program for 2015, including amendments to the Qualified Allocation Plan and procedures. Key points include $50 million available in tax credits, priorities for supportive housing and mixed-income developments, new scoring criteria, application deadlines in November 2015, and guidance on underwriting, construction requirements, and contacts for technical assistance.
This presentation provides a history of tax incremental financing in Wisconsin, trends in its use, recent changes and best practices in using TIF for community development.
This document discusses using Community Development Block Grant (CDBG) funds to support neighborhood revitalization activities through Neighborhood Revitalization Strategy Areas (NRSA). It provides examples of how CDBG funds have been used in conjunction with other programs like Choice Neighborhoods to spark transformation in neighborhoods in Durham, NC, Pittsburgh, PA, Boston, MA, and San Francisco, CA. The document explains that designating an NRSA allows more flexible use of CDBG funds to accomplish revitalization goals through activities such as housing, economic development, and public improvements.
PlanAshland's Housing Visioning Forum took place on 1/12/15 in Ashland, Massachusetts. Presenting were the Metropolitan Area Planning Council's Jennifer Raitt, Assistant Director of Land Use Planning and Chief Housing Planner, and Karina Milchman, Housing Planner. Community input from the visioning discussion will inform Ashland's Housing Production Plan.
Broadband and Economic Development (Terry McDermott, Brian Smith)nado-web
The document provides information on several USDA Rural Development programs that provide funding to expand broadband access in rural areas. It summarizes the history and goals of the Rural Utilities Service (RUS) and describes several RUS loan and grant programs, including details on available funding amounts, eligibility requirements, and projects funded in recent fiscal years. These programs include the Telecommunications Infrastructure Loan program, the Farm Bill Broadband Loan program, the Community Connect Grant program, and the Distance Learning and Telemedicine Grant program. The document also discusses the ReConnect Pilot Program and loan modification terms for substantially underserved trust areas.
20151015 Tax Credits and the Size of Federal Spending for LinkedIn vsIan Feller
The document discusses tax credits as a form of federal spending. It notes that tax credits accounted for $70 billion in federal spending/forgone revenue in 2015, similar to direct spending on education and international affairs. The New Markets Tax Credit program provides tax credits to investors who provide funding to Community Development Entities that make investments in low-income communities. The Summit group assists the Community Development Financial Institutions Fund with evaluating the impact and estimating the costs of the New Markets Tax Credit program.
The presentation summarized the District of Columbia's approach to affordable and mixed-income housing. It discussed defining affordable housing, population growth driving the need for more units, tools used to finance development like tax incentives and the Housing Production Trust Fund, and innovative programs promoting mixed-use development and tenant ownership. Challenges included slow delivery of inclusionary zoning units due to the economy and lack of staff to monitor affordability requirements. Moving forward, the mayor committed $287 million in additional funding with a goal of producing 10,000 affordable units by 2020.
Tax-Increment Financing - How to Effectively Use it in Your Community - GSMSu...GrowSmart Maine
Why plan for growth and change, when it seems so much easier to simply react?
When there is a distinct and shared vision for your community - when residents, businesses and local government anticipate a sustainable town with cohesive and thriving neighborhoods - you have the power to conserve your beautiful natural spaces, enhance your existing downtown or Main Street, enable rural areas to be productive and prosperous, and save money through efficient use of existing infrastructure.
This is the dollars and sense of smart growth.
Success is clearly visible in Maine, from the creation of a community-built senior housing complex and health center in Fort Fairfield to conservation easements creating Forever Farms to Rockland's revitalized downtown. Communities have options. We have the power to manage our own responses to growth and change.
After all, “Planning is a process of choosing among those many options. If we do not choose to plan, then we choose to have others plan for us.” - Richard I. Winwood
And in the end, this means that our children and their children will choose to make Maine home and our economy will provide the opportunities to do so.
The Summit offers you a wonderful opportunity to be a part of the transformative change in Maine that we’ve seen these gatherings produce. We encourage you to consider the value of being actively involved in growing Maine’s economy and protecting the reasons we choose to live here.
The document discusses Boston's reliance on property taxes for revenue and its fiscal challenges arising from a large portion of properties being tax exempt. It summarizes four initiatives to address this: 1) obtaining Payment in Lieu of Taxes (PILOT) from non-profits, 2) using an Infrastructure Investment Initiative (I Cubed) to fund development, 3) improving personal property tax audits, and 4) reducing tax abatements and appeals. It provides details and results for each initiative that has increased revenues without raising tax rates.
Need for Smart Cities, Introduction to Smart Cities, India Smart City Initiative Details, Financing Mechanisms to support implementation & Global Examples
The document provides an overview of federal and state historic tax credits (HTC) for rehabilitating income-producing historic buildings. It discusses the qualifications for the credits, how to apply, calculating qualified rehabilitation expenditures, cost certifications, case studies, and tax implications. The 20% federal HTC is a dollar-for-dollar reduction in tax liability, while Pennsylvania offers a 25% state credit. Proper use of the credits can provide millions in equity for rehabilitation projects.
The document summarizes the proposed FY21 budget for the City of College Station. It outlines budget assumptions related to the economic impact of COVID-19, including reduced sales tax revenue and headcount reductions. The proposed budget focuses on financial sustainability and includes expense reductions, maintained bond ratings, and delayed or deferred capital projects. The outlook for FY22 acknowledges that continued revenue declines could require significant service reductions.
California’s New Affordable Housing Laws – Part TwoMeyers Nave
Governor Brown signed 15 bills into law on September 29, 2017 that are designed to help address California's affordable housing crisis. The approved bills take different approaches to the housing shortage in California, including providing more funding for affordable housing development, streamlining local government approval of housing projects, restoring local government's authority to impose inclusionary housing requirements on private housing developers, and strengthening the state's anti-NIMBY laws.
The new laws have broad implications and obligations for local municipalities, housing related public agencies, and the private developer community. To help explain the new affordable housing regulatory landscape, Meyers Nave offers a complimentary, three-part webinar series addressing the most critical issues under the new laws. In the first part of our series, we discussed SB 2, SB 3, AB 1505, AB 1598, and approaches being taken by local governments, including bond measures in Bay Area counties and a linkage fee in the City of Los Angeles.
Second Webinar:
This presentation discusses new methods for streamlining housing approvals including:
SB 35 – Streamlined Approval Process for Housing Projects
SB 540 – Workforce Housing Opportunity Zones
AB 73 – Housing Sustainability Districts
Using Existing Planning and CEQA Tools to Streamline Approval Process for Housing Projects
Pre-Summit Workshop - New Markets Tax Credit Presentationkingdom1realty
What are New Markets Tax Credits?
First tax credit program to stimulate commercial investment in “low-income communities”
The program is administered by the US Treasury Department through a division call the CDFI Fund, in a unique public/private partnership with Community Development Entities (CDEs)
This document provides an overview of operating agreements expiring for non-profit housing projects in New Brunswick and resources available to help prepare. Statistics show many expiring agreements between 2013-2030. The New Brunswick Non-Profit Housing Association assists members in planning for expiry by completing assessments, action plans, and advocating based on aggregated data. Results to date found 25-44% of assessed projects will require reserve planning and 20-25% may not remain viable without subsidies. Resources are available from NBNPHA staff and guides to help housing groups in the expiry process.
Webinar: Council tax support Models that Members can sign up toPolicy in Practice
Listen back to hear Policy in Practice in conversation with Allan Clark, Barnet Council, to learn how they're changing their council tax support scheme for Universal Credit.
We cover how Policy in Practice's comprehensive impact modelling provided the data that Barnet Council's Members needed to agree amended schemes with confidence.
Listen back to learn:
- How LAs’ CTS schemes have evolved since they were first introduced
- What factors Barnet modelled, and why
- What schemes Barnet considered, rejected and implemented
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
California’s New Affordable Housing Laws – Part OneMeyers Nave
Governor Brown signed 15 bills into law on September 29, 2017 that are designed to help address California's affordable housing crisis. The new laws have broad implications and obligations for local municipalities, housing related public agencies, and the private developer community. To help explain the new affordable housing regulatory landscape, Meyers Nave is offering a complimentary, three-part webinar series addressing the most critical issues under the new laws.
This presentation covers the following topics:
- New "permanent source" of funds in SB 2
- SB 3 bond on November 2018 ballot
- New inclusionary housing authority in AB 1505
- Tax Increment funding by Affordable Housing Authorities through AB 1598
- Approaches being taken by local governments, including bond measures in Bay Area counties and a linkage fee in the City of Los Angeles
Similar to Cupid Alexander, Housing Program Specialist, Portland Housing Bureau, How We Create Housing Opportunity (20)
- The document discusses data from Oregon's IDA program between 2012-2015. It provides statistics on who participated in the program (reach) and outcomes (graduation rates).
- In terms of reach, the program enrolled nearly 5,000 participants from diverse backgrounds. Most common asset goals were education, home purchase, and business. Graduation rates varied between groups - those pursuing business goals and younger participants tended to graduate at higher rates than others.
- The data helps understand impacts in communities and identify groups who could benefit most from targeted outreach and support to increase access and success in the IDA program.
Regulatory requirements for improving access to housing are powerful tools for removing barriers to housing choice and increasing housing opportunities. Local, state and federal laws can help you address unreasonable barriers put in place by neighbors or advocate for inclusive housing through planning and land use processes. The new affirmatively furthering fair housing rules at US Department of Housing and Urban Development will shape housing options for years to come. This session will provide an overview of applicable regulatory tools and practical discussion of how to apply them
Margaret Solle Salazar, Portland Field Office Director, US Dept of Housing and Urban Development
Pam Phan, 1000 Friends of Oregon and Anti-Displacement PDX
Martha McLennan, Executive Director, Northwest Housing Alternatives
Building housing that will remain affordable for years to come is a complex undertaking. It can also be expensive. How do we talk and think about cost comparisons, cost containment, and new approaches? What has recent analysis taught us about costs and alternative development models? We’ll get a preview of the work that’s still ahead to reach agreement on priorities and to communicate well about the tradeoffs and choices we make.
Margaret Van Vliet, Director, Oregon Housing and Community Services
Michael Parkhurst, Affordable Housing Initiative Program Officer. Meyer Memorial Trust
“Housing First” models offer great hope for housing individuals and households who face significant barriers to housing. Oregon has been a leader in this work, but more needs to be done in every community, and we need opportunities to learn from one another. Join us as we hear about and map examples of work being done now in Oregon to move this approach forward.
Bill Hall, Commissioner, Lincoln County
Kenny La Point, Systems Integrator, Oregon Housing and Community Services
Marc Jolin, Director, A Home for Everyone
Heather Lyons, Corporation for Supportive Housing
What’s working? Strategies to create inclusive communities, mitigate and reve...NeighborhoodPartnerships
Working to address and mitigate barriers to housing opportunity requires passion, creativity and a clear vision of how prosperous, equitable communities work. Community-based organizations are innovating approaches to mitigating residential displacement, inclusive anti-poverty strategies, and creating successful pathways to homeownership for those who experience the greatest barriers to this core asset building step. Learn from leaders from across the state what new strategies are working, how community engagement supports self-determination, and how funding is being secured for these innovations in creating inclusive and prosperous communities.
Moderator: Roberto Jiménez , Farmworker Housing Development Corporation
Travis Phillips, Pathways 1000 Plan, Portland Community Reinvestment Initiatives (PCR!)
Jen Matheson, Northwest Health Foundation
Amy Cubbage, Habitat for Humanity Mid-Willamette Valley
Communicating the importance of housing to and in our communities is key to our success as advocates. The Housing Alliance and local and national partners have worked hard to develop communications skills, techniques, and common messages. Come hear the latest in our thinking about what works, how to inspire passion for housing opportunity, how to elevate diverse voices, and our tools and plans for helping you be the strongest possible advocates for housing.
Michael Anderson, National Housing Trust Fund Project, Center for Community Change
Jes Larson, Director, Welcome Home Coalition
Jill Winsor, Neighborhood Partnerships
Matt Kinshella, Neighborhood Partnerships
Oregon’s economy is both booming and struggling, and the pressure is on for housing markets across the state. The problem shows up as a lack of housing stock, high rents, unaffordable homeownership, sub-standard housing quality. People with low incomes, people experiencing a disability, and especially people of color experience the greatest barriers to housing opportunity. Hear what the data says about growing wealth disparity and housing opportunity gaps, and add your voice to this discussion about what housing needs are in your community. How does data drive policy change and greater inclusion?
Megan Bolton, Research Analyst, Oregon Housing and Community Services
Katie Sawicki, Policy Director, Urban League of Portland
Stephanie Jennings, Grants Manager, Community Development, City of Eugene
Lending Circles demonstrate the ingenuity and resilience of communities that are outside of mainstream banking. Lending Circles have long been used in different communities across the world as an alternative way to support savings or provide an emergency reserve to meet community needs. Here in the US, lending circles are beginning to receive more and more attention as a tool that works for a range of communities. Join us to learn how Lending Circles work and hear from organizations in the Pacific Northwest that have started Lending Circles.
Mohan Kanungo, Mission Assets Fund
Gabriel Muro, The Next Door
Moderator: Lynne McConnell, Neighbor Impact
CSAs – Join the Campaign to Create a State Mechanism for Children’s Savings A...NeighborhoodPartnerships
Across the country, the asset building community is abuzz with excitement about Children’s Savings Accounts (CSAs). CSAs provide an opportunity for communities to invest early in the futures of their children by opening a savings account for each child. Evidence is mounting that CSAs are a powerful tool to increase early academic success, success in college and create lifetime savings habits. Oregon communities need a tool like this. Come join our effort to build a legislative campaign in 2017 to increase opportunity for Oregon’s children.
Jill Winsor, Neighborhood Partnerships
Elena Fracchia, United Way of Lane County
Nancy Yuill, Innovative Changes
This document discusses Individual Development Accounts (IDAs) and the Oregon IDA Initiative. It begins by explaining what IDAs are, which are matched savings accounts that help low-income individuals save for assets like homeownership, education, or starting a business. It then describes the Oregon IDA Initiative, a state program that has partnered with organizations since 1999 to provide IDAs and financial education. Evaluation findings show graduates of the program have higher savings rates, improved credit scores, and feel more financially secure compared to non-completers. The document concludes by discussing the initiative's impacts and future plans to expand eligible asset purchases.
The document discusses creating equity by addressing racial and gender wealth barriers. It examines factors that contribute to wealth gaps such as generational poverty, housing costs, earnings, divorce rates, high mobility, and history of criminal justice involvement. Specific data is presented on median household income, wage gaps, unemployment, displacement, and incarceration rates. The document defines wealth as the value of one's assets minus debts and lists common assets such as cash reserves, home ownership, investments, education, and community-based assets.
Preparing IDA Youth for Success - College Dreams and Junior Achievement - RE...NeighborhoodPartnerships
Junior Achievement (JA) teaches youth about business, entrepreneurship, careers, and personal finance. Their programs aim to prepare youth for success by addressing gaps in financial literacy education. Many Americans struggle with budgeting and savings, and student loan debt has reached $1.1 trillion. JA uses in-depth classroom lessons, simulated learning experiences, and post-experience activities to help youth develop financial skills and explore career goals.
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
UN WOD 2024 will take us on a journey of discovery through the ocean's vastness, tapping into the wisdom and expertise of global policy-makers, scientists, managers, thought leaders, and artists to awaken new depths of understanding, compassion, collaboration and commitment for the ocean and all it sustains. The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Food safety, prepare for the unexpected - So what can be done in order to be ready to address food safety, food Consumers, food producers and manufacturers, food transporters, food businesses, food retailers can ...
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
Cupid Alexander, Housing Program Specialist, Portland Housing Bureau, How We Create Housing Opportunity
1. Neighborhood Partnerships RE: Conference
How We Create Housing Opportunity: Local
Government Action to Generate Housing
Resources
Slide 1
2. Overview of Portland Affordable Housing
Actions in the Last 18 Months
• Tripling the size of the city’s affordable housing tax exemption
program
• A 50% increase to the amount of urban renewal funding dedicated
to affordable housing
• Dedicating short-term rental tax revenue to affordable housing
• Renter protections that extend no cause eviction notice to 90 days
and notice for increasing rent/housing cost by more than 5% set at
90 days
Slide 2
3. Overview of Portland Affordable Housing
Actions in the Last 18 Months
• Creation and funding of a Joint Office of Homeless Services with
Multnomah County
• Adoption of a construction excise tax
• Development of recommendations for a mandatory inclusionary
housing program to be considered by City Council in December
• Referred an affordable housing bond to voters, which was passed
on December 8
Slide 3
4. Closer Look at Select Portland Actions
• Increased Urban Renewal Funding
• Affordable Housing Bond Referral
• Construction Excise Tax for Affordable Housing
• Mandatory Inclusionary Housing
Slide 4
6. 2015 Policy Review Findings
• PHAC Key Recommendations:
•Minimum 50% set-aside in aggregate across URAs
•Retain current income target guidelines
• PDC Board Preliminary Key Recommendations:
•Hold URA-by-URA discussion
•Any increased investment should be accompanied by broader
funding strategy
•Consider financial sustainability of PDC
Slide 6
7. 2015 Policy Review Recommendations
• Increase aggregate minimum TIF Set Aside for Affordable
Housing from 30% to 45%
• Increase in aggregate minimum TIF Set Aside should apply
to active URAs beginning July 1, 2015
• Calculation in the River District includes some combination
of TIF debt proceeds and ownership interest in the
Broadway Corridor/USPS acquisition equal to $20 million
• Retain existing income guidelines
Slide 7
8. 2015 Policy Review Recommendations
Urban Renewal Area
Status Quo Policy
Set Aside %
2006-2015
Set Aside at 30%
2015-2025
Set Aside at 45%
Downtown Waterfront 21% 19% No New Debt
Oregon Convention Center 26% 11% No New Debt
South Park Blocks 52% 52% No New Debt
Lents Town Center 30% 33% 42%
Gateway 30% 42% 33%
Interstate 30% 34% 70%
Central Eastside 18% 14% 32%
North Macadam 36% 40% 46%
River District 30% 41% 31%
Total 30% 32% 45%
Slide 8
9. 2015 Policy Review Recommendations
Urban Renewal Area
Status Quo Policy
Set Aside $
Targeted 45%
Set Aside $
Resulting 2015-2025
Set Aside $
Lents Town Center $31,637,259 +$7,500,000 $39,137,259
Gateway $10,644,013 +$2,000,000 $12,644,013
Interstate $63,653,046 +$32,000,000 $95,653,046
Central Eastside $9,840,270 +$0 $9,840,270
North Macadam $60,000,000 +$5,000,000 $65,000,000
River District $26,507,340 +$20,000,000 $46,507,340
Total $202,281,928 $66,500,000 $268,781,928
Slide 9
10. Impact of Recommendations
• Interstate Corridor, +$32 M
• Funds to affordable housing will provide resources to support general urban renewal area
production targets as well as the N/NE Housing Investment Strategy and will not affect any
project commitments in Interstate
• Lents Town Center, +$7.5 M
• Funds to affordable housing will not affect the funding commitment to the Lents Action Plan
• Increase in funds for affordable housing could be offset by extending the life of the district by
two years to allow it to achieve maximum indebtedness
• Gateway Regional Center, +$2 M
• Funds to affordable housing will not affect any project commitments in Gateway
Slide 10
11. Impact of Recommendations
• River District, +$20 M
• PHB will receive a combination of debt proceeds and ownership interest in the Broadway
Corridor/USPS acquisition equal to $20 million. If the acquisition has not been executed prior
to June 30, 2020, the option of $20 million in TIF debt proceeds will be executed.
• Allocation of these funds will maintain project commitments in the River District and provides
sufficient funding to deliver on the Old Town/Chinatown Action Plan
• North Macadam, +$5 M
• Allocation of funds to affordable housing will not affect any commitments in North Macadam
• With full build out of Zidell Yards, leaves $20M+ available for South Portal
Slide 11
13. Bond Authorization
• $258.4 Million
• $.4208 per $1,000 of assessed value
• Estimated $75 per single family home
• 20-year repayment term
• 5 - 7 year bond issuance
Slide 13
14. Impact of Bond
• 1,300 units of affordable housing (0-60% MFI)
• 600 units at 0-30% MFI
• 50% of units family-sized (2&3 bedrooms)
• 2,900 Portlanders a year in bond-funded housing
• 50,000 - 58,000 Portlanders over 60 years
Slide 14
15. Impact on Portfolio
• Current 0-60% MFI portfolio: ~ 11,634 units
• Production pipeline: ~1,500 new units
• Impact of Bond
• +1,300 units
• 11% increase to 0-60% MFI units
• 25% increase in 0-30% MFI units
Slide 15
18. Construction Excise Tax Recommendation
• Residential tax of 1% of permit valuation on
new residential development
• Commercial tax of 1% of permit valuation on
new commercial development
Slide 18
19. Construction Excise Tax Recommendation
• Residential Tax Revenue*:
• 15% to State for homeownership
• 50% for inclusionary zoning incentives
• 35% for affordable housing at or below 60% MFI
• Commercial Tax Revenue*:
• 100% for affordable housing at or below 60% MFI
Slide 19
*4% of revenue for administration
20. Construction Excise Tax Exemptions
• Required State Exemptions:
• Affordable Housing at or Below 80% MFI
• Public Improvements Under Public Contracting Code
• Schools, Hospitals, Worship, Agriculture, Non-Profit Care
• Additional Portland Exemptions:
• Affordable For-sale Housing
• Accessory Dwelling Units for 2 years
• Improvements when value is less than $100,000
Slide 20
22. Annual Revenue – Historic Estimates
Slide 22
5 Year Average
Residential Revenue 5,404,087
15% for State 778,188
50% for IZ Incentives 2,593,962
35% for Affordable Housing Programs 1,815,773
Commercial Revenue 2,681,298
100% for Affordable Housing Programs 2,574,046
Total Revenue 8,085,385
24. Policy Framework
• Citywide program, calibrating the inclusion rate
and incentives by geography
• Set mandatory program at 80% AMI, and develop
supplemental incentives to reach below 60% AMI
• Prioritize units on site over fee-in-lieu revenue or
units off-site
Slide 24DRAFT DOCUMENT
25. Policy Framework Continued
• Inclusionary housing requirement for all buildings
with 20 or more units
• Inclusionary units maintain market comparable
quality, size, bedroom composition, and unit
distribution in the building
• Maintain affordable units for 99 years
Slide 25DRAFT DOCUMENT
27. Mixed Use Zones
Slide 27
Mandatory Inclusionary Requirement • 20% of Units at 80% Area Median Income
Incentives • Density Bonus
• 10 Year Property Tax Exemption on Affordable Units
• CET Exemption on Affordable Units
• Density Bonus Units Exempt from Parking Requirements
Deeper Affordability Option • 10% of Units at 60% Area Median Income
Incentives • Density Bonus
• 10 Year Property Tax Exemption on Affordable Units
• CET Exemption on Affordable Units
• Density Bonus Units Exempt from Parking Requirements
• SDC Waivers on Affordable Units
29. Zones with Base FAR below 5.0
Slide 29
Mandatory Inclusionary Requirement • 20% of Units at 80% Area Median Income
Incentives • Density Bonus of 3.0 FAR
• 10 Year Property Tax Exemption on Affordable Units
• CET Exemption on Affordable Units
Deeper Affordability Option • 10% of Units at 60% Area Median Income
Incentives • Density Bonus of 3.0 FAR
• 10 Year Property Tax Exemption on Affordable Units
• CET Exemption on Affordable Units
• SDC Waivers on Affordable Units
30. Zones with Base FAR above 5.0
Slide 30
Mandatory Inclusionary Requirement • 20% of Units at 80% Area Median Income
Incentives • Density Bonus of 3.0 FAR
• 10 Year Property Tax Exemption on All Residential Units
• CET Exemption on Affordable Units
Deeper Affordability Option • 10% of Units at 60% Area Median Income
Incentives • Density Bonus of 3.0 FAR
• 10 Year Property Tax Exemption on All Residential Units
• CET Exemption on Affordable Units
• SDC Waivers on Affordable Units
31. Build Off Site Option
Option #1: Off-site Construction of New Units
Slide 31
• # of Affordable Units Required Off-Site
• Either, 20% of the total units in sending site at 60% AMI
• Or, 10% of the total units in sending site at 30% AMI
• Comparable size, quality, and bedroom count as the units in sending site
• Sending site retains FAR bonus, no other incentives
• Receiving site affordable units receive CET exemption, and SDC waivers on units at and below 60% AMI
• Receiving site must fulfill its own inclusionary housing requirement
• Affordable units must be under construction, or have CO, prior to approval of use as off-site option
• Affordable units must be no more than 1/2 mile from sending site, or in an area with an equal or better
opportunity mapping score
• Housing Bureau must approve off-site plan
• No supplemental city subsidy can support the off-site units themselves
32. Build Off Site Option
Option #2: Off-site Dedication of Existing Units
Slide 32
• # of Affordable Units Required Off-Site
• Either, 25% of the total units in sending site at 60% AMI
• Or, 15% of the total units in sending site at 30% AMI
• Comparable size, quality, and bedroom count as the units in sending site
• Sending site retains FAR bonus, no other incentives
• Affordable units must be available prior to approval of use as off-site option
• Affordable units must be no more than 1/2 mile from sending site, or in an area with an equal or
better opportunity mapping score
• Housing Bureau must approve off-site plan
• No supplemental city subsidy can support the off-site units themselves
33. Fee-in-Lieu Calibration
Slide 33
1. Calculation of Maximum Justifiable Fee-in-Lieu
a) Difference in the capitalized market value between 100% market rate building and a 20% at 80%
AMI building with units on site
b) Calculate on a $ per gross square foot of building
2. Calculation of Portland Fee-in-Lieu Recommendation
a) Opting out of affordable units on site requires City to build units
b) Current city subsidy per affordable unit is $100,000
c) Impute the fee per gross square foot based on number of affordable units required
d) Compare with maximum justifiable fee-in-lieu to ensure no fees exceeds the cap
34. Fee-in-Lieu Option
Slide 34
Zone/FAR
Recommended Fee-in-Lieu per GSF Residential
Based on City Cost to Build Affordable Units
CM 1 at Base FAR $23.83
CM 1 with Bonus FAR $25.79
CM 2 at Base FAR $25.79
CM 2 with Bonus FAR $26.50
CM 3 at Base FAR $26.03
CM 3 with Bonus FAR $28.58
3.0/4.0 FAR $27.39
3.0/4.0 Base with Bonus FAR $28.57
5.0/6.0 FAR $28.57
5.0/6.0 Base with Bonus FAR $28.99
8.0 FAR $28.99
8.0 Base with Bonus FAR $29.81
9.0 FAR $29.81
9.0 Base with Bonus FAR $29.42
12.0 FAR $29.42
12.0 Base with Bonus FAR $29.85
15.0 FAR $27.39
15.0 Base with Bonus FAR $28.57