State Policy Update CAHEC Conference May 20, 2014 Carley Ruff.

State Policy UpdateCAHEC Conference

May 20, 2014

Carley Ruff

www.nchousing.org

NC Housing Coalition

Mission and Vision Our mission is to lead a campaign for

housing that ensures working families, people in crisis, seniors and persons with disabilities may live with dignity and opportunity.

We envision that all North Carolina communities include an ample supply of quality affordable homes.

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1. Increase state investment in safe, quality, affordable housing

2. Increase and maintain protections & rights for tenants and homeowners

3. Ensure consumer protections are in place to prevent abuses by banks and finance companies

4. Create affordable access to utilities, transportation, and other services

NC Legislative Priorities

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• Election year – all state legislators• First term governor• Speaker running for Senate• $445 million budget shortfall• Contentious issues: coal ash cleanup,

teacher compensation

NC Legislative Landscape

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• Administered by NC Housing Finance Agency Paired with the federal LIHTC $35 - $45M yearly investment Operates as a long-term, non-

amortizing loan

• Not eliminated by 2013 tax reform; not extended past sunset of Jan. 1, 2015

NC State Housing Credit

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NC State Housing Credit

• Rebranded - Workforce Housing Investment Program (WHIP)

• Several potential vehicles to extend sunset

• Option of including as special provision in the budget

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• Administered by NC Housing Finance Agency Supportive Housing Rental Development Financing Urgent Repair Program Mortgage Assistance for Low-Income

Homeownership Flexible source of funding for housing

production and rehab

NC Housing Trust Fund

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NC Housing Trust Fund

• No cut in Governor’s budget - $7M

• Senate will be first to take up budget Appropriations Subcommittee on General

Government (www.ncleg.net)

• Will work for dedicated revenue source in 2015 long session

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Other State Efforts

GA – GA State Trade Association of Nonprofit Developers

KY – Homeless and Housing Coalition of Kentucky

SC – Affordable Housing Coalition of South Carolina

TN – Tennessee Housing Coalition

VA – Virginia Housing Coalition

Carley RuffPolicy Director

[email protected]

919.881.0707www.nchousing.org