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BeltLine Affordable
Housing Advisory
Board
2017 Annual
Briefing
April 17, 2018
@atlantaBeltLine
@atlantaBeltLine
@atlantaBeltLine
BeltLine Affordable Housing Advisory Board
• BeltLine Affordable Housing Advisory Board (BAHAB) shall have a maximum of 19 members
BeltLine Affordable Housing Advisory Board
Members must have demonstrated experience in:
• Affordable housing
• Affordable housing construction
• Down-payment assistance
• Supportive housing
• Urban design and planning
• Green building
• Architecture (multi-family or mixed-use projects)
• Real estate development or finance
BAHAB – Appointing Bodies
Appointing Body
Appointees
Allowed Filled Vacant
Mayor 2 0 2
AHAND/ANDP 3 3 0
Atlanta City Council 3 1 2
Fulton Co. Board of Comm. 5 4 1
Atlanta Public Schools 6 4 2
Total 19 12 7
Note: As of April 2018
2017 BAHAB Members
No.
First
Name Last Name Appointing Body
Appointment
Dates # of Terms
1 Chenee Joseph AHAND/ANDP 3-Oct-11 3
2 Kelly Cooney AHAND/ANDP 7-Jul-14 2
3 Young Hughley AHAND/ANDP 7-Oct-13 2
4 Andy Schneggenburger Atlanta City Council TWO Post (5-8) 5-Feb-07 TERMED OUT
5 Alvah Hardy II Atlanta Public Schools 6-Sep-11 3
6 Emmett D.Johnson Atlanta Public Schools 21-Nov-11 3
7 Leslie Grant Atlanta Public Schools 16-May-16 1
8 William McFarland Atlanta Public Schools 2-Nov-09 TERMED OUT
9 Cocoa Dunston Fulton Co. Board of Comm. 7-Sep-10 TERMED OUT
10 Jan Bryson Fulton Co. Board of Comm. 19-Apr-10 TERMED OUT
11 Steve Vale Fulton Co. Board of Comm. 15-Sep-14 2
12 Erin Martin Fulton Co. Board of Comm. 8/24/2017
BAHAB Responsibilities
• Making recommendations to ADA (Invest Atlanta) and the City on goals and policies for the use of BeltLine Affordable Housing Trust Fund (BAHTF) dollars
• Monitoring the location and availability of affordable housing throughout the BeltLine
• Coordinating the activities of BAHAB with other affordable housing throughout the BeltLine
BeltLine Affordable Housing Trust Fund (BAHTF)
Trust Fund Context
• 15% of all net bond proceeds are put into the BeltLine Affordable Housing Trust Fund
• The first bond issue, in 2008, generated $8.2 million for BAHTF
• The goal for trust fund investment is to create 5,600 rental and owner-occupied units through down payment assistance, developer incentives, and property acquisition
2017 BAHTF Capitalization
• Bonds sold late in 2016 provided $77.93 million investment for the Atlanta BeltLine
• This resulted in a $11.68 million capitalization of the BeltLine Affordable Housing Trust Fund
BAHTF Capitalization
During 1st Qtr. 2017 BAHAB:
• Developed recommendations for:
• The program components to use with new funding and the percentage of funding to reserve for each program component
• Policies associated with each program component
• Reviewed changes to Trust Fund application and guidelines as recommended by Invest Atlanta
Program Components and Investment %
Program ComponentInvestment Percentage
Est. Dollar
AmountBAHAB
Recommendation
ABI
Approved
Developer incentives for rental and
for-sale developments20% 36% $4 million
CHDO set aside 20% 20% $2.2 million
Down payment assistance 0% 0%
Acquisition and pre-development 60% 39% $4.3 million
Program Admin 5% $.5 million
Total $11 million
Included recommendation to expand acquisition to include pre-development
Policy as Adopted
Developer Incentives – Rental Developments
Use grants or flexible subordinate debt, enforced by LURA or lien position
Serve 60% AMI (Scoring preference for serving some renters at or below 30% AMI required)
Minimum 20 year period of affordability
Minimum 20% of units in development must be affordable
Maximum unit rent (including mandatory fees) based on 30% of 60% of AMI, adjusted for household size (est. at 1.5 persons per bedroom)
Policy as Adopted
Developer Incentives – For-Sale Developments
Serve 100% AMI or below (scoring preference to developments serving some owners at or below 80% AMI required)
Require permanent affordability. This requirement can be removed for any reason after March 1, 2017
Minimum 20% of units in development must be affordable
Maximum sale process will be published annually
Policy as Adopted
Developer Incentives – CHDO Set-Aside
Change the definition of CHDO to captureimportant characteristics, but don’t require City or State designation
Property Acquisition and Predevelopment
Require land purchased or pre-developed with BAHTF dollars to adhere to developer incentive policies
Policy Recommendations Not Adopted
Developer Incentives – Rental Developments
Rent set so housing cost (rent and utilities) doesn’t exceed 30% of household income (at 1.5 persons per bedroom)
Sale price set so that housing cost (PITI) doesn’t exceed 30% of household income (at 1.5 persons per bedroom)
Investment in for sale units should require permanent affordability
Trust Fund Update
Policy and Advocacy
Inclusionary Zoning
• Held workshop with City Planning, Invest Atlanta and bill sponsor Andre Dickens to review legislation
• Engaged community, affordable housing advocates and others in process to provide feedback and input
• Provided feedback/input that helped strengthen the final ordinances.
Policy and Advocacy
Inclusionary Zoning
Offered strong support for approval of the legislation before NPUs, Zoning Review Board, the Zoning Committee and the full Atlanta City Council.
• Support recommended City’s required 2 year review of the policies’ impact give strong consideration to providing a greater level of developer incentives to projects that serve 60% Area Median Income and below or that agree to provide longer periods of affordability.
Inclusionary Zoning
Unanimously approved by Atlanta City Council for BeltLine Overlay District and the Westside neighborhoods on Monday, November 7, 2017
• Requires developers building new residential rental units to set aside 10 percent of those units for households at 60% Area Median Income (AMI) or below OR 15% of those units for households at 80 percent AMI or below.
• Developments must maintain affordability for 20 years.
Inclusionary Zoning
Developers can pay a fee in-lieu of providing affordable units in their development. • Per-unit fee calculated to approximate construction
cost of affordable units in project area. • Fees go into Trust Funds developed separately for
the BeltLine and the Westside Overlay Districts.• Funds can be used to produce or preserve
affordable housing.• Each Trust Fund will have a 9 member Commission
responsible for making recommendations to the Atlanta City Council for specific expenditure of funds collected.
Inclusionary Zoning
Developments in compliance with affordability requirements entitled to:• 15% density bonus, transferable to use on another
project• No minimum residential parking requirement• Major project status and priority project reviews
associated with some applications and permits• Eligibility to apply for
• Invest Atlanta 10 Year Lease Purchase Property Tax Incentive
• Atlanta Housing Authority’s HomeFlex and Housing Choice program incentives.
Q&A
Tax Allocation District Advisory Committee
(TADAC)
2017 Annual Report
April 17, 2018
• What is TADAC?
• Development Subcommittee
• Finance Subcommittee
• Design Review Committee
• Questions
What is TADAC?
• Atlanta City Council created the Atlanta Beltline Tax Allocation District (TAD) in 2004
• In 2006 the Tax Allocation District Advisory Committee (TADAC) was created as a means to engage community members in providing:• Recommendations on the use of bond proceeds and TAD
funds
• Recommendations on the equity and effectiveness of the Atlanta Beltline
• TADAC’s full board membership is comprised of a minimum of 42 member appointments and a maximum of 45 from several appointing bodies• In 2017 there were 24 TADAC member appointees
What is TADAC?• TADAC Restructure – Consolidated from 4 to 3
subcommittees1. Executive Subcommittee - Develop meeting agendas,
roll-up sub- committee activities, screen new business to be brought before the body
2. Development Subcommittee - Provide recommendations on the equity and effectiveness of the Atlanta BeltLine based on metrics listed in the Integrated Action Plan, Strategic Action Plan, and Economic Development Plan
3. Finance Subcommittee - Provide recommendations on ABI’s annual budget and use of funds from a variety of sources
Development Subcommittee2017 Goals and Achievements Status
GOAL 1: Conduct a deep drive into the 3 action plans governing Atlanta BeltLine development: 1-Equitable Development Plan (EDP), 2-Integrated Action Plan (IAP), 3-Strategic Implementation Plan (SIP) to increase committee member knowledge
+Progress: Education session held in March 2017. Subcommittee members are actively using plans to meet subcommittee goal 3
GOAL 2: Increase affordable housing knowledge by improving TADAC connectivity with Beltline Affordable Housing Advisory Board (BAHAB)+Identify members to attend BAHAB meetings (4 per year)
+Progress: 1 of 4 meetings attended +Problem: Scheduling conflicts+Solution: Identify a member and an alternate to attend each meeting. Encourage
communication if scheduling conflicts arise in advance of meeting
GOAL 3: Provide recommendations to TADAC on equity and effectiveness based on the SIP, IAP, EDP and other sources
+Progress: Identified 10 major areas of focus and assigned each one to individual committee members for further development
Reviewed by TADAC
Reviewed by TADAC
Finance Subcommittee2017 Goals and Achievements Status
Review and comment on ABI FY2018 draft budget + Responded to ABI DRAFT FY18 budget presentation with clarifying questions and comments expressing advice on distribution of funds+ Recommended that community benefits be a major focus of any economic development activities + TADAC strongly supported ABI efforts to increase funding for affordable housing in the TAD (247% increase over prior year budget)
Develop accessible overview of BeltLine Project Finances+ Developed Finance Tracking Spreadsheet to be a living document kept up to date on an ongoing basis+ Began populating spreadsheet with already available data+ Requested other financial data from ABI
Use the Finance Tracking spreadsheet overview for leadership development and education for all TADAC members for use in TADAC duties+ Expected to be accomplished in 2018 once Finance Tracking Spreadsheet is populated
BeltLine Design Review Committee
• 50 total cases reviewed over 12 months (see locations on map)
• 28-New Construction, 16-Adaptive Resue/Renovations, 6-Other (e.g. fences, farm shed, gates, etc)
• 20 included a residential component (single-family homes, townhomes, duplexes, or multi family units)
• 150 day moratorium placed on self-storage units March 20, 2017
• November 20, 2017 Ordinance passed by Atlanta City Council that prohibits self-storage units as principal uses within 500 feet of the BeltLine Corridor
BeltLine Design Review Committee
• November 20, 2017 Atlanta City Council unanimously voted for inclusionary zoning legislation near the BeltLine
• New residential with 10+ units shall include:• 15% units 80% AMI or• 10% units 60% AMI or• Payment in-lieu fee, varies by
subarea
• 20 years of affordability
• Incentives can include tax abatement , destiny bonus, parking reduction, other
• Since inclusionary zoning went into effect in January 2018, DRC has reviewed 9 projects• 3 of which included affordable
housing (342 units)
Questions?
