Fair housing can and should be a centerpiece of efforts to expand economic opportunity, asserted Dr. Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta, who gave the 18th Annual John T. Dunlop Lectureat the Harvard Graduate School of Design on Tuesday, April 10 (watch video). His talk, on the past, present, and future of the Fair Housing Act, was given one day before the 50th anniversary of President Lyndon B. Johnson signing the measure.
Bostic, who also served as Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD) from 2009 until 2012, explained that decades of research show the strong positive impacts that neighborhoods can have on children’s education and future earnings. Given this, he noted, it is in everyone’s interest to support efforts to expand opportunities for all families. “Fair housing is a key to economic mobility,” he explained. “It is an economic development issue as well as a community and personal development issue.” …
Photo by Abbey Hambright via flickr, CC BY-NC-ND 2.0
“Generations of racist government policies such as redlining, the razing of neighborhoods to build highways, and exclusionary zoning has created deeply segregated and unequal neighborhoods. These policies both prevented people of color from accessing resources where they lived and from moving to suburban neighborhoods where resources were being invested.”
“Advocates and renters argue that protecting tenants is good policy because it advances equity, economic opportunity, and even a healthier environment.”
Thanks to Shelterforce for publishing such articles as this one.
[Shelterforce Note: This article is adapted from the IGNITE! Community Pitch Fest, held at the Grounded Solutions Intersections 2017 conference on Oct. 11, 2017. Out of 20 entriesand 6 finalists, audience members chose Public Advocates’ pitch as the winner.]
“With the motivated resident leaders that these two parks have, we have seen success in the cooperative model throughout Vermont, New Hampshire and elsewhere. Cooperative ownership can lead to improved quality of life and maintain the long-term affordability for the park’s residents. It creates thriving communities where residents can continue to own their home, collectively own the surrounding land and prosper.”
St. George & Hinesburg, VT – A coalition of two mobile home park cooperatives of St. George Villa MHP and Sunset Lake Villa MHP are working feverishly to purchase their respective parks from private ownership and have put forth their best offer to purchase the parks. At a public meeting Wednesday, December 13, 2017, residents heard from their cooperative board’s terms of making an offer, including the engineer’s inspection report and property appraisal completed with financial support from the Vermont Housing and Conservation Board. The best initial offer the cooperative can make will be limited to the appraised value they’ve received of $6,025,000.00; this is well short of the current asking price registered with the State of Vermont for the two parks of $6,950,000.00.
With the motivated resident leaders that these two parks have, we have seen success in the cooperative model throughout Vermont, New Hampshire and elsewhere. Cooperative ownership can lead to improved quality of life and maintain the long-term affordability for the park’s residents. It creates thriving communities where residents can continue to own their home, collectively own the surrounding land and prosper.
Residents, knowing it’s a long shot for the owner to accept their offer are still proceeding for their once in a generation opportunity to bring their park out of private investors hands and under the control of the residents who live there. Residents thus far have been successful in exercising their petitioned rights under Vermont law, allowing them up to 165 days to make an offer. They know it is an uphill battle with potential outside bidders willing to offer significantly more.
CVOEO’s Mobile Home Program providing residents support about their rights under state law and the Cooperative Development Institute providing technical purchase, and cooperative management assistance will continue to stand with residents through this process. A process we have seen the first-hand transform the lives of the residents living cooperatively owned communities
The coming days and weeks will tell if the resident’s offer will be accepted. In making the offer, the resident cooperative is willing to raise their current lot-rents now so they can see their money reinvested into the resident-owned land to keep long-term affordability. The long-term affordability is particularly important given that Vermont and specifically Chittenden County struggles to provide adequate, affordable housing supply to its residents. Under new private ownership, it’s most likely they will also see lot-rents increased for investor gain. We are hoping the informed and responsible offer made by residents will prevail.
“In this brief, [Jessica A. Carson and Marybeth J. Mattingly] use interview and focus group data to describe some of the ways that restricted rural housing stock affects working families in two rural New England counties, and explore solutions proposed by rural residents and experts to make housing affordable …
…
“Subsidies and publicly funded programs can play a part in alleviating the challenges of affordable rural housing, but addressing the issue of affordable housing in rural places will require a variety of approaches. For instance, at the local level, residents can encourage local zoning and planning boards to align town regulations with “inclusionary zoning” practices, such as requiring a certain percentage of housing units to meet affordability standards and offering incentives to developers for constructing affordable dwellings. Municipalities might also loosen or alter zoning restrictions to reduce lot size requirements and allow construction of structures other than traditional single-family
dwellings, including duplexes, in-law apartments, backyard cottages, townhouses, or bungalow courts.”
The Thriving Communities campaign highly recommends to our blog readers the very good article by Richard D. Kahlenberg, which was featured in the latest edition of “Poverty & Race”newsletter (July – September, 2017, Volume 26: Number 3); published by the Poverty & Race Research Action Council.
We encourage you to read this if you are interested in affirmatively furthering fair housing, decreasing geographic segregation by race and poverty, and increasing many opportunities for people now trapped in low opportunity neighborhoods in our nation.
“… worsening housing segregation by class is extremely troubling, because it affects the lives of Americans in profound ways. Where people live affects so much else in their lives— access to transportation, employment opportunities, access to decent health care, and, perhaps most important, access to good schools. …”
PRESS RELEASE
June 28, 2017
Contact: Gus Seelig, Executive Director, 828-3251, gus@vhcb.org
Jen Hollar, Director of Policy and Special Projects: cell: 793-7346; Jennifer@vhcb.org
The Vermont Housing & Conservation Board will use $35 million in new funding for the creation of rental housing and home ownership opportunities for 550-650 low- and moderate-income Vermonters over the next two to three years. The bold, new initiative represents the largest state investment in housing in more than a decade. It was first proposed by Governor Phil Scott in his January budget address, gained strong support in the legislature, and was signed into law today.
Governor Scott said, “When workers are unable to find adequate, affordable housing, economic growth is constrained. Vermont has a very low rate of rental vacancy and we need to increase access to homeownership. This effort will ratchet up the production of new housing to serve households at a wide range of incomes, spur economic growth, create jobs, and have a significant impact on Vermont’s supply of housing.”
Tim Ashe, President Pro Tempore of the Vermont Senate, said, “I’ve seen the housing shortage up close. In my time at Cathedral Square, we’d fill up new buildings within hours. Literally. So when I met with Governor Scott in November and we both expressed a strong interest in seeing more housing supply, I knew it was a matter of how we’d do it, not if we’d do it. I want to thank Senators Mullin, Sirotkin, Balint, Baruth, and Clarkson and Representative Head and her team for their hard work to see it to the finish line.”
Helen Head, Chair of the Vermont House General, Housing and Military Affairs Committee, said, “Vermont’s housing crunch has been well-documented. According to a study commissioned by the legislature last summer, we can reduce homelessness dramatically with a targeted approach, creating more housing with support services along with housing for the lowest income households. Middle income households also struggle to find housing. This housing initiative will address the needs of a wide range of Vermonters and we’re proud to support it.”
Gus Seelig, Executive Director of VHCB, said, “We appreciate the support of the Governor and the Legislative Leadership in advancing this exciting initiative. The first 100 homes should be under construction across the state before the end of the year.”
The bond funds will be matched with state, federal, and private sources to leverage approximately $2-$3 for every one dollar of bond funds, resulting in $70-100 million in additional resources for housing development. Spending on affordable housing yields multiple benefits across the economy. The $35 million housing bond will also act as a stimulus package, generating millions of dollars of economic activity through the creation of jobs and the purchase of goods. At least 25% of the housing will be targeted to households with incomes below $35,000 and another 25% will be targeted to middle-income Vermonters earning $55,000-$83,000 annually (for 4-person households). The balance of the funds will be awarded to projects based on community needs, applications received and the availability of resources for leverage.
“Every night, our shelter, just like shelters across the state, is full of people who need and deserve a home,” said Sara Kobylenski, Executive Director of the Upper Valley Haven, based in White River Junction. “We have allowed ourselves to slide into an alarming housing deficit, and the most vulnerable people in our communities are suffering for it. The housing bond is a timely investment that will improve the lives of many Vermonters.”
“Housing construction is critical piece of our economic engine, and this proposal promises to create hundreds of good paying jobs. It’s also vital to employers who say time and time again how hard it is for their employees or prospective employees to find adequate, affordable housing,” said Tom Torti, President and CEO of the Lake Champlain Regional Chamber of Commerce and board member of the Committee on Temporary Shelter (COTS).
In collaboration with the Department of Housing and Community Development, VHCB is gathering input on the highest priority housing needs and potential projects in regional meetings across the state. VHCB will be accepting applications and funding developments for the construction and rehabilitation of rental housing and single-family homes with an emphasis on creating new homes.
The revenue bond will be issued by the Vermont Housing Finance Agency. It is expected to yield $33-34 million in proceeds and will be paid by a $2.5 million in annual revenue from the property transfer tax over 20 years, through 2039.
VHCB makes loans and grants for the creation of affordable housing and the conservation of agricultural and recreational lands, forest land, natural areas and historic properties. www.vhcb.org
CHAMPLAIN VALLEY OFFICE OF ECONOMIC OPPORTUNITY (CVOEO) RELEASES STUDY SHOWING “THE DEMOGRAPHIC AND ECONOMIC CONTRIBUTIONS OF NEW AMERICANS TO CHITTENDEN COUNTY, VERMONT”
From CVOEO Press Release, June 12, 2017
Sudershan Adhikari, a Nepalese refugee used to teach math and science before coming to the United States. He says Vermont didn’t give him a hand out so much as an opportunity, for which he is grateful. Photo Credit: Nina Keck / Vermont Public Radio.
New Americans contribute significantly to Chittenden County’s housing values, GDP, and job market according to a new report released by the Champlain Valley Office of Economic Opportunity (CVOEO). The release of this report will be announced by Ali Dieng, CVOEO board member, with Jan Demers, CVOEO Executive Director, and Alex Duchac, author of the study, will both speak.
Produced for CVOEO by Alex Duchac, this report will give the first detailed look at how immigrants impact Vermont’s largest county. The report documents the wide range of benefits provided by New Americans in Chittenden County. Among the significant discoveries included in the report are that, since 2009, New Americans have increased home values by $25M, they have added over $712M to the GDP of Chittenden County, and they have saved more than 270 Vermont manufacturing jobs.
The complete report, detailing many positive impacts, can be viewed > HERE.
PUBLIC ANNOUNCEMENT EVENT:
WHEN: 3:00 pm, June 15, 2017
WHERE:Flynn Center for the Performing Arts(just prior to Parent University Graduation at 3:30)
CONTACT: Joan White, Development Director CVOEO. joanwhite@cvoeo.org;
802-862-2771 ext.744
