Wednesday, October 16, 2013
|11:00 a.m.||Introduction and Welcome|
|11:15 a.m.||Lease Option for Homeownership Creation and Preservation|
Creativity in financing is becoming essential to helping more individuals achieve or preserve homeownership. For Applied Residential, creativity in financing runs the gambit from capital development to residential leases. Their range of financing solutions is the result of diverse partnerships and investors that include housing authorities, banks and others, which could include your organization.
|12:15 – 12:45 p.m.||Lunch|
|12:45 p.m.||Creating Affordable Housing through Property Monitoring|
Many cities took steps to ensure that foreclosed properties did not create blight by tracking and registering properties from the first notice of default to the final foreclosure. For cases of neglect, a fine could be levied to help defray the cost of cities performing the maintenance. In more extreme cases, some properties stay in limbo and never go to trustee sale even though the resident has left. The city of Oakland is looking to turn the information from their property registry into affordable housing opportunities for renters and prospective homebuyers. What can we learn from their vigilant oversight and how can it be replicated in other communities to uncover housing opportunities? Also learn what steps the California Monitor’s office is taking to help cities with outstanding cases of zombie properties.
Demonstration of Oakland Property Registry
Escalating Zombie Properties
|1:45 p.m.||The Business Case for Property Management|
Property management of scattered site housing is complicated, but not impossible. This session will utilize a case study format in order to more deeply examine the business model and operations of scattered site rental housing. Local nonprofits that currently manage an inventory of single family properties will discuss the functional elements of financing, tenant relations, maintenance and partnerships involved with this unique and promising housing category.
Paul Staley (moderator)