|Webinar: Financing and Operating Affordable Housing for Extremely Low Income Households
NLIHC will host a webinar for advocates and developers on Monday, August 15 at 12:30 pm ET on options and considerations related to financing and operating affordable housing for extremely low income (ELI) households – those with incomes at or below 30% of the area median income.
Many consider developing rental units affordable to ELI households without relying on vouchers to be impossible. NLIHC’s national Housing Trust Fund (HTF) Developer Advisory Group recently published two short briefs on strategies for funding ELI housing and on options and considerations related to using operating assistance and operating assistance reserves for HTF projects to achieve 30-year ELI affordability without depending on vouchers.
NLIHC’s Ed Gramlich and Paul Kealey will provide an overview of the Advisory Group’s papers. Former Homes for America President and CEO Nancy Rase and Community Frameworks Senior Housing and Community Developer Ginger Segel, both members of the HTF Developer Advisory Group, will be on hand to share reflections and answer your questions.
The national Housing Trust Fund requires that at least 80% of a state’s HTF allocation must be used to produce, rehabilitate, or preserve rental housing, that 100% of a state’s allocation in 2016 must benefit ELI households, and that HTF-assisted units must remain affordable for at least 30 years. Learn how this can be accomplished and what the pitfalls are.
For accessibility accommodations, contact James Saucedo at jsaucedo or 202-507-7452.
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