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1.
Rosemary M. Heard, President
October 24, 2006
2. Visit CATCH Neighborhood Housing at www.catchhousing.org Barriers to Entry for Development of Affordable/Workforce Housing Rising Land Costs - Availability of sufficient contiguous developable tracts of land to support economically feasible developments
Zoning:
Per Acre Density
Growth ordinances resulting in phased developments due to limited number of units to be allowed in any given year, resulting in increased carrying costs and market risk.
3. Visit CATCH Neighborhood Housing at www.catchhousing.org CATCHs Target Audience Merrimack County
Up to 80% of Area Median Income (AMI)
Merrimack County AMI $70,000
80% of AMI Family of 4 - $56,000
Purchase Power?
$140,000 home
4. Visit CATCH Neighborhood Housing at www.catchhousing.org Barriers to Entry for Development of Affordable/Workforce Housing Financing
Inability to land bank due to scarce $$$
Inability of project financing to cover phased developments due to growth ordinances
Land cost - competing against the for-profit development community for available land in metropolitan areas
5. Visit CATCH Neighborhood Housing at www.catchhousing.org How do we make it work? Financing Smorgasbord PARTNERSHIPS
.
CDFA Community Development Investment Program;
Community Development Block Grant funding;
Federal Home Loan Bank CDA and AHP Funding
Historic Preservation Tax Credits;
HOME Funds;
6. Visit CATCH Neighborhood Housing at www.catchhousing.org Financing Smorgasbord Low Income Housing Tax Credits (LIHTC);
NeighborWorks Funding;
New Hampshire Housing Finance Authority
LIHTC
Pre-development funding
Rural LISC Funding
7. Visit CATCH Neighborhood Housing at www.catchhousing.org Financing Smorgasbord
8. Visit CATCH Neighborhood Housing at www.catchhousing.org So
Where do we go from here? Strategic Partnerships with:
Cities and Towns;
For-profit developers;
Non-profit developers; and
CONSERVATION GROUPS.
9. Visit CATCH Neighborhood Housing at www.catchhousing.org How do we do it? Engage in conservation land planning
10. Visit CATCH Neighborhood Housing at www.catchhousing.org With whom? Conservation groups such as:
Audubon Society
Society for the Protection of NH Forests;
Trust for Public Lands
11. Visit CATCH Neighborhood Housing at www.catchhousing.org Benefits to Conservation Groups Conservation groups goals are no longer perceived as being exclusionary to human habitat; and
Allows conservation group to focus their $$/efforts on that portion of the property which best serves their respective preservation goals.
12. Visit CATCH Neighborhood Housing at www.catchhousing.org Mechanisms? Conservation land planning;
Cluster development;
Transfer of Development Rights;
Density bonus for development of affordable housing;
Alternative housing forms;
Infill development;
Accessory dwelling units; and
Mixed-use zoning
..to name a few
13. Visit CATCH Neighborhood Housing at www.catchhousing.org Focus today? Conservation Land Planning
Cluster
14. Visit CATCH Neighborhood Housing at www.catchhousing.org What is Cluster Development? Taking the number of units allowed by zoning in a traditional subdivision, and providing the developer more flexibility regarding the locating of the units on the lot, while requiring a percentage of the lot be set aside for conservation.
15. Visit CATCH Neighborhood Housing at www.catchhousing.org Conservation Land Planning How does it work?
Enhances land values by creating opportunity for human use and occupancy; while
Protecting the natural resources of the land, such as agricultural soils, wildlife habitat, ecologically sensitive areas such as wetlands, water bodies, view sheds the classic New England farm field.
16. Visit CATCH Neighborhood Housing at www.catchhousing.org Benefits of Cluster Development Versus Sprawl Lower infrastructure costs;
Reduces the length of roads
Reduces utility lines
Shared wells and septic
Reduction of impervious surfaces road and driveways resulting in diminished need for stormwater management;
Provides densities that can be efficiently served by public transit;
Provides passive recreation opportunities for residents;
17. Visit CATCH Neighborhood Housing at www.catchhousing.org Benefits of Cluster Development Versus Sprawl Creates walkable communities that promote a healthier lifestyle for residents;
Provides a sense of place;
Provides a sense of community village concept;
Reduced energy requirements; and
Promotes economic viability.
18. Visit CATCH Neighborhood Housing at www.catchhousing.org Cluster vs. Conventional Subdivision
19. Visit CATCH Neighborhood Housing at www.catchhousing.org Lewis Farm 130-acre farm located on Silk Road in Concord located within the Turkey River watershed;
$2.1mm price tag; and
Current zoning allows for 3 acres per unit, assuming on-site septic.
20. Visit CATCH Neighborhood Housing at www.catchhousing.org Lewis Farm Cluster development would allow for:
Preservation of the Turkey River watershed through the purchase of a conservation easement by a local conservation group;
Would potentially allow for continued limited agricultural use; and
Would preserve open space for passive recreation
21. Visit CATCH Neighborhood Housing at www.catchhousing.org What is a conservation easement? A conservation easement is a legal agreement voluntarily entered into by and between a property owner and a land trust or government agency.
22. Visit CATCH Neighborhood Housing at www.catchhousing.org Benefit to CATCH Neighborhood Housing Purchase price would be offset through partnering with a conservation group for the acquisition of the conservation easement; and
Allows for the delivery of much needed affordable homeownership opportunities
23. Visit CATCH Neighborhood Housing at www.catchhousing.org Benefit to Lewis Farm Owner A financially secure retirement; and
Continued agricultural use, albeit on a limited basis;
24. Visit CATCH Neighborhood Housing at www.catchhousing.org Please support the efforts of Concord 2020, and its mission of being a catalyst for:
The creation of a vibrant, livable Downtown
The creation and retention of Neighborhoods in Walkable
Villages
The preservation of the Natural Environment, and easy
access to it
Achieving Economic Vitality; and the
The Establishment of a Transportation System that Serves
the Community and the Region
25. Visit CATCH Neighborhood Housing at www.catchhousing.org Please support the efforts of: Growth and Development Roundtable:
a broad coalition of NHs business, conservation, housing, municipal and planning interests, working toward an incentive-based program that can give communities the ability to treat housing development, economic planning, and conservation as part of a unified planning strategy and not, as is so often the case, as competing and seemingly-irreconcilable goals .
26. Visit CATCH Neighborhood Housing at www.catchhousing.org Please support the efforts of The Workforce Housing Council coordinates and supports local, regional and statewide efforts that encourage communities to embrace a wide range of housing options to meet the needs of New Hampshire's diverse workforce.
These efforts include assisting regional workforce housing groups, encouraging private sector engagement, educating and informing decision makers, encouraging research exploring housing's impact on economic vitality, and impacting statewide policy decisions and practices.
www.workforcehousingnh.com
27. Visit CATCH Neighborhood Housing at www.catchhousing.org
