AGENDA - Dallas › committee_briefings › briefings... · 2015-01-20 · City of Dallas. Office of Economic Development . 3. Background • Promotion of TOD/affordable housing,

Memorandum

DATE January 14, 2011 2u II JAN 12 Mill: ~o CITY OF DALLAS

TO Members of the Economic Developm@Pl ~~j~~er.h.', Tennell Atkins (Vice-Chair), Dwaine ~~~ Sl~r;ry ~Al~:jlen, Sheffie Kadane, Ann Margolin, Linda Koop, Steve Salazar

SUBJECT Economic Development Committee Tuesday, January 18, 2011, 9:30 - 11 :30 a.m. 1500 Marilla Street, City Hall, Room 6ES, Dallas, Texas 75201

AGENDA 1. Approval of December 6, 2010 Minutes of the Economic Development Committee

2. A New Paradigm: Strategies for Revitalizing Dallas Distressed Neighborhoods

3. HUD Community Challenge Grant for Transit Oriented Development and Affordable Housing

4. Upcoming agenda items for January 2011

Bill Carson, V.P., Operations Strategy and Director of Sustainability McCormack & Baron Salazar (Estimated time 20 minutes)

Karl Zavitkovsky, Director Office of Economic Development (Estimated time 20 minutes)

• Resolution Supporting S.H. 183 from S.H. 161 to 1-35E

Ron Natinsky, Chair Economic Development Committee C: The Honorable Mayor and Members of the City Council

Mary K. Suhm, City Manager Deborah Watkins, City Secretary Tom Perkins, City Attorney Craig Kinton, City Auditor Judge C. Victor Lander, Administrative Judge Municipal Court Ryan S. Evans, First Assistant City Manager

Dallas - Together, we do It berter

A.C. Gonzalez, Assistant City Manager Forest Turner, Assistant City Manager Jill A. Jordan, P.E., Assistant City Manager Jeanne Chipperiield, CFO, OFS Karl Zavitkovsky, Director, OED Helena Stevens-Thompson, Asst. to the CMO

A closed session may be held if the discussion on any of the above agenda Items concerns one of the following:

'1. Contemplated or pending litigation, or matters where legal advice is requested to the City Attorney. Section 551.071 of the Texas Open Meetings Act.

2. The Purchase, exchange, lease or value of real property, it the deliberation in an Open Meeting would have a detrimental affect on the position of the City in negotiations with a third person. Section 551.072 of the Texas Open Meetings Act.

3. A contract for a prospective gift or donation to the City, if deliberation in an Open Meeting would have a detrimental affect on the position of the City in negotiations with a third person. Section 551.073 of the Texas Open Meetings Act.

4. Personnel matters involving appointments, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee or to hear a complaint against an officer or employee. Section 551.074 of the Texas Open Meetings Act.

5. The deployment or specific occasions for implementation of security personnel or device. Section 551.076 of the Texas Open Meetings Act.

6. Deliberations regarding Economic Development negotiations. Section 551.087 of the Texas Open Meeting Act.

community

transformationdiversity

vision

Dallas ECO Committee PresentationWilliam M. Carson

VP & Director of Sustainability

McCormack Baron SalazarSt. Louis, MO

• Leading Mixed-Income Urban Developer

• 15,400 Housing Units in 32 Cities• Nonprofit & Educational Sites

• Portfolio of 12,358 Units• Mixed Income Compliance• Sustained Community Stability

• Community Planning & Human Capital Development

• Economic Development• Housing, Schools & Resident

Supportive Services

McCormack Baron Development Family

Assembling the Report

• Collective knowledge & experience MBS’s 37+ year History

• All facets of company expertise consulted

• Dozens of visits, interviews, conversations, tours with Dallas partners to understand unique issues of Southern Dallas

• Consulted Foundation and think-tank research…much based on MBS’s over many years

• Strong Support from TREC, City of Dallas, and many Partners

• Now required reading for new MBS Employees….

11 Elements of Successful Community Revitalization

1) Community Involvement2) Public-Private-Community

partnerships3) Critical Mass and Land

Assembly4) Continuum of Housing5) Large-Scale, Mixed-

Income Development6) Mixed-Finance Sources

7) Environmental Sustainability & Green Building

8) Transit-Oriented Development

9) Community Infrastructure10) Human Capital

Development in the Context of Physical Revitalization

11) Ongoing Operations and Property Management

• Crucial to Long-Term Success and Buy-In

• Engage Community Leaders First

• Create Local Partnerships

• Maintain an Open Process

• Communicate Frequently

• Incorporate and Implement Suggestions

1) Community Involvement

• Help Identify local leaders organizations and stakeholders that can help develop a Community Engagement Plan

• Physical Development & Planning

• Human Capital Planning

2) Public-Private-Community Partnerships

3) Critical Mass and Land Assembly

• Assemble Land to Make an Impact

• Locate at least 30-50 acres

• Avoid difficult geographical features

• Find community anchors and connections

• Carefully Rezone as-needed

• Beware of speculators, but encourage forward-thinkers

• Be prepared to mitigate or remediate

• Collaborate across agencies and governmental agencies to anticipate and eliminate issues

3) Critical Mass and Land Assembly

• Develop Physical Plans that encourage a social mosaic– Young Singles to Senior Adults

– Newlyweds to Large Families

– Transient Renters to Long-Term Homeowners

– Lower Incomes to Upwardly Mobiles

4) Continuum of Housing

5) Large-Scale, Mixed-Income Development

• Engage Neighboring Properties

• Build to Market Standards

• Create Ample Resident Amenities

• Integrate with local architecture

• Invest in Rebuilding Infrastructure

Scott-CarverMiami, FL

6) Financing Large-Scale, Mixed-Income Housing

Blended Finance Model:

• Traditional 1st Mortgages

• Multiple Add’l Mortgages

• Federal, State & Local Gov’t

• Private Equity Investments

• Philanthropic Contributions

• Land Contributions/Lease

• Cross-subsidized Development

Reduce or Reverse Impact on People & Planet

• Water, Energy, Materials

• Build for long-term, not short-term

Seek Triple-Bottom Line

• Social & Health Benefits to Residents

• Environmental Benefits

• Economic Benefit to Investors and Residents

7) Sustainability & Green Practices in Mixed-Income

Sustainable & Solar Energy SitesLEED / Enterprise Green Communities / Energy Star / Solar

• Create jobs-housing-transit-retail-service linkages

• Lower-Income families spend 54% of income on housing & transportation

• Increases return on public investment in light-rail and rapid bus

• Increases ridership, reduces congestion

8) Transit-Oriented Development

Invest in resources that make neighborhoods livable and allow authentic interactions

• Community and neighborhood anchors

• Schools & Learning Centers

• Pedestrian-Friendly Streetscapes

• Parks & Play Spaces

• Transit Stops

• Community Centers

• Restaurants

• Retail and Services

9) Community Infrastructure

Creating a Human Development Plan is as important as a Physical Development Plan.

•Increase the skills, knowledge and aspirations of individuals

•Job Training

•Early-Childhood and K-12 Education

•Health Screening and Wellness Counseling

•Crime prevention and intervention

•Long-Term Resident Engagement

A neighborhood is only as strong as its people.

10) Human Capital Development

• Manage to Market –Rate Standards

• Create Professional Management Teams

• Focus on Partnerships, Resident Involvement

• Ensure Safety, Attractiveness, Stability

11) Ongoing Operations and Property Management

Renaissance Place at Grand HOPE VISt. Louis, Missouri

Largest of Six LEED-ND Certified SitesFirst and Only in Missouri

Legends Park and University Place ApartmentsMemphis, Tennessee

Registered

• Stable, Revitalized Neighborhoods = Blight Reduction

• Increased Population = Increased Economic Base

• Decreased Crime = Improved Social Conditions

• Success = Better Opportunities for Future Generations

The Rewards

City of DallasOffice of Economic Developmentwww.Dallas-EcoDev.org

1

HUD’s Community Challenge Grant for Transit Oriented Development and

Affordable Housing

Economic Development CommitteeJanuary 18, 2011


2

Purpose

• To obtain the Economic Development Committee’s approval for Council consideration to accept and establish appropriations for a $2.225 million grant from HUD–

Funds are to be used for planning and land acquisition related to affordable housing and transit oriented development (TOD)


3

Background•

Promotion of TOD/affordable housing, particularly in Dallas’

southern communities, is a high priority for City Council.

•

In September 2008, the City of Dallas, The Real Estate Council (TREC) and McCormack Baron Salazar (MBS) entered into a partnership to formulate an action plan for economic development in City Council designated priority areas:–

Lancaster Corridor–

South Dallas/Fair Park–

Park Lane Station/Five Points•

MBS’

study “A New Paradigm: Strategies for Revitalizing Dallas’

Distressed Neighborhoods”

provides framework for City’s submission under HUD’s Community Challenge Planning Grant

•

Dallas was awarded a $2.225 million Community Challenge Planning

Grant on October 22, 2010


4

Community Challenge Grant Background

•

~$68 M was available nationwide under the HUD Community Challenge Grant and DOT’s TIGER II planning grants–

Over 700 applicants; 62 grants were awarded

•

The City’s $2.225 million grant was one of the largest planning grants awarded; average grant size was $1.09 M

•

Funds available for planning and land acquisition related to affordable housing and TOD during a three-year period


5

Grant Focus and Expected Outcomes

•

Focus on red, green and blue DART lines (see map on p. 6) anchored by transit stations at–

VA Medical Center, Lancaster Kiest

(Blue)–

MLK, Hatcher w/ linkage plan for Spring St.Corridor

(Green)–

Park Lane Station (Red)

•

Funding activities include area plans for Lancaster Corridor and Vickery Meadows, preconstruction planning related to affordable Housing and mixed-use development within ½

mile of transit stations and land acquisition as needed.•

Grant requires 20% matching fund that will be fulfilled fromTIF

funds.


6

Map of Stations

Additional maps are available in the Appendix


7

Grant Leverages Ongoing Initiatives

•

Focuses on Council endorsed priority areas•

Builds on TREC Foundation/MBS recommendations

•

Supports and enhances existing TOD project activities–

Lancaster Corridor/ TOD TIF District: Urban Village, Urban League Expansion, Veterans Place

–

Green Line Corridor: JB Jackson, Hatcher Square, Spring St. Corridor

–

Vickery Meadows TIF District: Park Lane Place, new public library


8

Next Steps

•

Recommend Economic Development Committee approval for Council consideration to accept and establish appropriations for a $2.25 M grant from HUD’s Office of Sustainable Housing and Communities Grant Funds on January 26

•

Upon Council approval, City can enter into a collaborative agreement with HUD to begin grant performance period. Within 60 days of signing of collaborative agreement, the work plan for the performance period needs to be finalized.


9

Appendix 1

Area maps


10

Lancaster Corridor

VA Medical Center DART station

Kiest DART station

(multiple projects)


11

MLK and Hatcher

MLK DART station

Hatcher DART station


12

Vickery/Five Points

Walnut Hill DART station

Park Lane DART station


13

Appendix 2

Eligible uses of funds


14

Eligible Activities Funded by Grant

•

Eligible activities include:–

Development of master plans or comprehensive plans that promote affordable mixed-use housing

–

Development and implementation of local, corridor or district plans and strategies that promote livability and sustainability

–

Strategies for creating or preserving affordable housing in mixed-income, mixed-use neighborhoods along an existing or planned transit corridor

–

Planning, establishing and maintaining acquisition funds and/or land banks for the development of affordable housing

Documents

AGENDA - Dallas › committee_briefings › briefings... · 2015-01-20 · City of Dallas. Office of Economic Development . 3. Background • Promotion of TOD/affordable housing,