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  • ABL Presentation - JKB

    Transféré par

    Keith Brown
    13 vues6 pages
    PBRA is a program where a PHA provides rental subsidies to privately owned properties for a predetermined number of units. Unlike vouchers, the PBRA assistance remains with the property. Owners enter agreements with the PHA to receive payments. The PHA uses a competitive process to reserve a percentage of multi-family units in mixed-income communities as affordable for up to 10 years using PBRA, which can be extended. To date, the PHA has developed 64 communities with 3,698 PBRA units through this program.

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    PBRA is a program where a PHA provides rental subsidies to privately owned properties for a predetermined number of units. Unlike vouchers, the PBRA assistance remains with the property. Owners enter agreements with the PHA to receive payments. The PHA uses a competitive process to reserve a percentage of multi-family units in mixed-income communities as affordable for up to 10 years using PBRA, which can be extended. To date, the PHA has developed 64 communities with 3,698 PBRA units through this program.

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    Attribution Non-Commercial (BY-NC)
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    Signaler comme contenu inapproprié
    13 vues6 pages

    ABL Presentation - JKB

    Transféré par

    Keith Brown
    PBRA is a program where a PHA provides rental subsidies to privately owned properties for a predetermined number of units. Unlike vouchers, the PBRA assistance remains with the property. Owners enter agreements with the PHA to receive payments. The PHA uses a competitive process to reserve a percentage of multi-family units in mixed-income communities as affordable for up to 10 years using PBRA, which can be extended. To date, the PHA has developed 64 communities with 3,698 PBRA units through this program.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PPT, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 6

    PBRA AS A DEVELOPMENT TOOL

    Introduction

    Presenter:
    J. KEITH BROWN
    REAL ESTATE DEVELOPMENT &
    ACQUISTIONS
    What is PBRA?
     An optional program whereby a PHA may choose to provide
    subsidy to selected privately-owned properties.

     Unlike a Tenant-Based Voucher that is portable, the Project-


    Based Rental Assistance (PBRA) remains with the property and
    is only available to the tenant if residing in the designated
    property.

     Owners of participating properties enter into a PBRA


    Agreement with AHA to receive payments for a pre-determined
    number of units.

     Within the designated property receiving PBRA, the rental


    assistance may “float” among the units of the property of the
    same bedroom size and rent level.
    PBRA in Mixed-Income
    Communities
    Solicits private developers and owners through a
    competitive process to reserve a percentage of their multi-
    family units as affordable for up to 10 years
    Housing for Families
    Housing for Seniors
    Housing for Persons with Special Needs
    Commitments may be extended after the 10-year term
    after meeting agreed upon conditions
    PBRA Evaluation Criteria

     Owner/Developer Experience  Relocation


     Management Team/Plan  Rent Determination
     Site and Neighborhood  Financial & Market Feasibility
    Standards  Amenities/Design Standards
     Site Control, Zoning &  Neighborhood Amenities
    Accessibility
     Supportive Services
     Environmental
     Deconcentration Initiatives
     Subsidy Layering
    PBRA Impact
    Total Communities Developed Under PBRA Agreement- 44 Communities
    Construction or Commitment (Standard) (3,223 Units)

    Total Communities Developed Under PBRA Agreement- 20 Communities


    Construction or Commitment (Special Needs) (475 Units)

    Total Standard & Special Needs PBRA 64 Communities


    (3,698 Units)

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