The document discusses financing options for affordable and workforce housing projects. It outlines various funding sources like Low-Income Housing Tax Credits, New Market Tax Credits, TIF, energy tax credits, bonds, grants from HUD, DOT, EPA, foundations, and others. Specific projects discussed include the Three Towers redevelopment, Park Avenue Phase 5, and South Lincoln Redevelopment, which utilized various capital sources and pursued green building certification. Partnerships between agencies and across sectors are emphasized to jointly fund and support livable communities.

1. Financing Affordable and Workforce Housing Partners in Innovation National Symposium September 27, 2010 Chris Parr Director of Development Denver Housing Authority

2. DHA Approach to Mixed-Income HousingHousing Today

3. Financing Options/Tools Low-Income Housing Tax Credits New Market Tax Credits Regional Transportation District Bond Project Tax Increment Financing Energy Tax-Credits Improvement Districts Denver Better Bonds Property Tax Exemption Urban Land Conservancy TOD Fund HUD DOT EPA City Skyline Fund HOME/CDBG (City/State) Inclusionary Zoning CHFA TOD Incentive Scoring CFFP/EPC Department of Health Foundations Everything

4. Financing Options/Tools Low-Income Housing Tax Credits New Market Tax Credits Regional Transportation District Bond Project Tax Increment Financing Energy Tax-Credits Improvement Districts Denver Better Bonds Property Tax Exemption Urban Land Conservancy TOD Fund HUD DOT EPA City Skyline Fund HOME/CDBG (City/State) Inclusionary Zoning CHFA TOD Incentive Scoring CFFP/EPC Department of Health Foundations Everything -DHA Redevelopments -Denver Local Innovation -Livability Principles Grants Foundations

5. Three TowersIntegration of Capital Fund Financing Program, LIHTC, and Energy Performance Contracting

6. Three Towers

7. Park Avenue Redevelopment Block 5B Park Avenue Phase 5 Estimates 90 Units LEED NC LEED ND Green Communities Code Const Cost 15,200,000 Pilot Savings (620,000) Bldg w/ Pilot 14,580,000 Green Premiums 877,000 Rebates (418,520) Grants (162,000) Prem less Reb/Gr 296,480 Bldg w/ Pilot plus Green Prem 14,876,480 Avg Payback 7 years

8. Park Avenue Solar Analysis 100 kW System – Goal: Cover Significant Building Electrical Demand Total System Value $616,000 Solar Rebate ($198,720) Considerations: - Need 12-14,000 sf mounting space Initial Capital Requirement $417,603 - Other Building Systems Federal Investment Tax Credit ($184,800) Final Capital Requirement $232,803 Payback Year 7

9. South Lincoln Redevelopment

11. 1099 Osage: Phase I of the South Lincoln Redevelopment Funding Sources: CFRC (Stimulus) Low Income Housing Tax Credit Equity DHA Developer Fee Denver Better Bonds Denver Skyline Funds Denver HOME Denver CDBG Denver Land RTD Station Participation/Bike Share Xcel Rebate Program “Green” Efforts/Funding Tracking LEED Platinum, Enterprise Green Communities, Offsetting 50% of wastewater, energy, and water consumption Photovoltaic/Geothermal (Energy Tax Credits) EPA Study Grant Greywater Pilot Smoke Free Housing study

12. Stormwater Approach Storm Water Quality Legend Storm Water Detention Water Quality Gardens Savings Est.: $3,000,000 MITHUN SOUTH LINCOLN REDEVELOPMENT MASTERPLAN

13. Urban Land ConservancyTransit Oriented Development Line of Credit Summary of Terms and Conditions

15. Bringing it TogetherLivability Principles HUD/DOT/EPA Provide More Transit Choices Promote Equitable, Affordable Housing Enhance Economic Competitiveness Support Existing Communities Coordinate and Leverage Federal Policies and Investment Value Communities and Neighborhoods Incorporate at the Site Level Interagency Collaborative EPA Grant Incorporate at the Area Level Incorporate at the Corridor Level

16. Going Further What is Sustainable? Sustainable = + + + + Green The greatest way to go Green is to be SUSTAINABLE

17. Denver HDMT Elements and Objectives

18. Grants/Foundations - Chasing It in New Ways Grants DOT Tiger II Planning HUD Community Challenge HUD HOPE VI HUD Choice Neighborhoods HUD Healthy Homes USDA Hunger Free Com EPA Design Assist Governor’s Energy Office Department of Health Public Works Coupling Geothermal/Solar/Wind/Greywater Local Utility Incentives Foundations Ford DHA/City/ ULC/Enterprise/Non-Profits MacArthur DHA/City/ULC/Enterprise/Others Local Colorado Health Foundation Health Organizations