The Mixed-Income Public Development Model
Wednesday, November 13th, 10am
As communities across the nation grapple with housing affordability challenges, a new approach is gaining traction: public enterprises for housing. This event will delve into how local and state governments are taking an active role in addressing the housing crisis through innovative, self-financing models.
Our biggest source of affordable housing, the Low-Income Housing Tax Credit program, has its limits— literally. Congress allocates a limited amount of LIHTCs to each state every year. When those credits have all been awarded to projects, developers need to turn to other sources of funding or wait until the next year to compete again. But as affordable housing goals grow more lofty, where else can developers turn?
Whether you call it social housing, mixed-income, or the public enterprise model, these self-financing models are seeing increasing interest from state and local governments as the competition for resources rages on. But how do these models work? And how do they differ and complement existing affordable housing programs?
HousingForward Virginia invites you to hear from two leaders working at the forefront of this innovative model.
Guest Speakers
Paul Williams – Executive Director, Center for Public Enterprise
Paul is the go-to expert for any community looking to expand their supply of affordable housing through creative financing tools. After working with the Housing Opportunities Commission (HOC) in Montgomery County, Maryland to scale up their first-in-the-nation public development model, Paul and CPE are now working with multiple state and local agencies across the country to build similar tools.
John Majors – CEO, Atlanta Urban Development
John leads Atlanta Urban Development (AUD), a specialized non-profit corporation created by the City in 2023 to facilitate the redevelopment of public land. John will share the story behind AUD, and share details about its work to turn vacant malls and unused school buildings into mixed-income housing.
This special presentation will be open to all attendees of the 2024 Virginia Governor’s Housing Conference in Virginia Beach.
Come find our table at VAGHC! You could win one of these LIMITED EDITION hats!
