For more information:
https://housinginnovation.co/solution...
Jon Penkower
Managing Director, California Statewide Communities Development Authority
A new program run by the California Statewide Communities Development Authority is designed to help cities meet their goals for housing middle-income residents, those earning between 80 percent and 120 percent of the area median income via tax-exempt bonds to help cities pay for development projects that have some public benefit.
Presented by Jon Penkower, Managing Director from California Statewide Communities Development Authority (CSCDA)
Presented as part of The Essential Housing Campaign, a community-building campaign, led by The Housing Innovation Collaborative, to build more housing for our essential workers in the communities they serve, in Los Angeles and beyond.
0:00 Hook
1:03 Introduction
1:23 CSCDA Background
2:48 Middle housing financing challenge
4:20 How CSCDA acquires property
5:35 Property managers
6:22 Who are investors?
7:13 Property tax exemption benefit
7:30 Cost / benefit analysis
8:38 Where program works best
9:08 Property size range
9:37 Pipeline
9:51 Long Beach case study
11:26 Summary / Recap
12:22 Policy change – amending RHNA numbers
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