RECOMMENDATION #1: PROVIDE MORE HOUSING NAVIGATORS/CASE MANAGERS

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2 RECOMMENDATION #1: PROVIDE MORE HOUSING NAVIGATORS/CASE MANAGERS Serves: Chronically homeless individuals Implementation has started (see 10/6/16 DMN article): City Square ($1.7m) Austin Street ($500k) The Bridge ($1.8m) APAA/Recovery Addiction ($100k) Estimated Cost: $5,815,000 Source of Funding: $4.1 million grant from Texas Department of State Health Services Healthy Community Collaborative Remainder to come from participating agencies through 1:1 match Key to Success: Continued availability of Leasing Units.

3 RECOMMENDATION #2: UNLOCK FEDERAL FUNDS FOR RAPID REHOUSING RRH: Rental assistance, housing relocation and stabilization services Serves: Individuals and families in need of short-term or medium-term assistance Estimated Cost: $30 million to support 4,206 units over 3 years Source of Funding: HUD and others Key to Success: Collaboration and shared prioritization among Dallas provider agencies

4 RECOMMENDATION #3: PROVIDE MORE PERMANENT SUPPORTIVE HOUSING PSH: Long-term, community-based housing that has supportive services for homeless persons with disabilities Serves: Chronically Homeless Individuals and Families Projected Need: 1000 new PSH units Supported by CSH system mapping How: Mix of leasing existing units and new development (70/30) Initially, emphasis on leasing to achieve 300 units in 2017 Strategies include maximizing DHA resources, aggressive landlord outreach and master leasing. By 2021, increased emphasis on new development New development includes acquisition/rehab of existing properties, new construction, and alternative strategies like container homes Estimated Cost: $50 -$75 million over five years Supported by CSH financial modeling Key to Success: Resource Alignment and Political Will

5 FINANCING REQUIRES POLITICAL WILL CAPITAL (real estate/land, construction): Traditional Community Development Funds Requires redirection of State/County/Federal funds currently in our community towards PSH Bond package OPERATING (maintenance, utilities, mgmt, ins., etc.): Dallas Housing Authority and existing state/federal funds SERVICES (social services + case mgmt): Philanthropy and existing state/local funds

6 COST INPUTS USED IN CSH MODELS Sources: Capital budgets for 3 projects (all Individual) Family Units estimated at 112% of Individual Units based on split used in other Texas Financial Model Operating budgets for 8 projects (all Individual) Family Units estimated at 112% of Individual Units based on split used in other Texas Financial Model Services Costs from 10 projects (3 were families) both PSH and RRH PSH Leased Costs are based on most recent FMR (2016) RRH Rent Assistance is based on weighted average of use documented in APR Capital Costs per unit Annual Operations Cost per unit Annual PSH Services Cost per HH Annual PSH - Leased (FMR s) RRH Rent Assistance Totals Annual RRH Services Costs per HH Studio/1BR $127,061 $ 8,031 $ 3,916 $ 8,778 $ 4,438 $2,640 2 BR+ $142,308 $ 9,047 $ 10,268 $13,938 $ 7,046 $3,323

7 PSH Financing Sources: Capital, Operating, Services (5 years) Source City of Dallas Community Development Dallas County Community Development Annual Annual Annual Total Annual Total Capital Operating Services Commitment $2,000,000 $2,000,000 $12,000,000 $300,000 $300,000 $1,800,000 LIHTC $2,500,000 $2,500,000 $15,000,000 City of Dallas $4,000,000 $4,000,000 $24,000,000 Obligation Bonds NHTF $500,000 $500,000 $3,000,000 FHLB $150,000 $150,000 $900,000 In-Kind/Land $100,000 $100,000 $600,000 Developer Equity $100,000 $100,000 $600,000 Philanthropic $1,000,000 $100,000 $1,100,000 $6,600,000 DHA $500,000 $3,000,000 $500,000 DCHA $200,000 $200,000 $1,200,000 CoC $500,000 $250,000 $750,000 $4,500,000 HHSP $200,000 $200,000 $1,200,000 Medicaid $50,000 $50,000 $300,000 Annual Total $10,650,000 $1,200,000 $600,000 $12,450,000 Total Commitment $63,900,000 $7,200,000 $3,600,000 $74,700,000