Housing Development Center Inc

Programs: Comprehensive development services the comprehensive development services program works with mission-driven organizations to finance, build, and renovate affordable housing and community facilities that serve low-income people. Hdc assists with the development of all types of affordable housing, including multifamily rental, homeownership, and mixed-use developments. Hdc also assists with the development of healthcare, childcare, and other specialized service facilities. Hdc's development services span all aspects and phases of project development, from planning and predevelopment through financial structuring and construction management, with an emphasis on green building practices. Hdc provides special expertise in assessing and meeting compliance obligations associated with public and private financing programs designed to support affordable housing and facilities serving low-income communities. In its 24-year history, hdc's comprehensive development services program has worked with 58 mission-driven organizations on 174 developments in oregon and southwest washington. These projects have resulted in the development or preservation of 5,250 completed units and 264,282 completed square feet of community facility and commercial space. Hdc has an additional 1,008 units and 75,070 square feet of community facility space currently underway. Together these projects represent 939 million in total development costs.

asset management services since 2001, hdc has emerged as a leader in affordable housing asset management. Hdc's asset management and initiatives team guides clients through the challenges of owning and managing affordable housing and community-services facilities, helping to ensure both the short-term and long-term success of these projects. Hdc provides technical assistance and training to nonprofit organizations, housing authorities and governmental entities in oregon, washington, and elsewhere in the united states. Hdc has helped 85 project owners to preserve and improve the viability of tens of thousands of units of affordable housing, as well as implement ongoing systems for effective asset management and oversight. Hdc's asset- management services include property and portfolio assessments, property and portfolio repositioning, property transfers, year 15 exits, capital needs assessments and reserve analyses, systems development, and staff and board training.

hdc community fund hdc's wholly-owned subsidiary, hdc community fund, llc (hdc community fund), was formed in august 2009. A certified, community-development, financial institution (cdfi), hdc community fund provides loans to support the development and preservation of affordable housing and community facilities serving low-income people. Hdc community fund's flexible, low- interest loans address needs that conventional lending programs don't. Hdc community fund's loans fund early project costs, such as feasibility assessment, land acquisition, and predevelopment and bridge short-term gaps in construction financing. Totaling 3. 97 million to date, hdc community fund loans have supported the creation or preservation of 948 units of affordable housing and 57,000 square feet of service-facility space.

program and policy development the purpose of hdc's program and policy development program is to increase the effectiveness and efficiency of affordable housing development, management, ownership, and delivery in oregon and washington. To this end, hdc partners with nonprofit and government organizations to provide technical analysis, research, policy reports, program administration, and advocacy support. Examples of this work include partnering with the city of portland bureau of planning and sustainability to produce the healthy housing handbook, an online guide that gives multifamily property owners practical tips and tools for creating healthier living environments for low-income residents; working with meyer memorial trust to implement sustaining portfolio strategies, an initiative that is enabling 19 affordable housing providers in oregon to receive hdc assistance with portfolio assessment, sustainability planning, and implementation over a 3 -year period ending in 2018; producing the housing preservation guide, a handbook for preserving and restructuring affordable housing, for the city of seattle; and performing a study of the capital needs of 649 affordable- housing projects financed with low-income housing tax credits in the state of washington for the department of commerce and washington state housing finance commission.