Colorado Rural Rental Housing Preservation Academy

DESCRIPTION

The Colorado Rural Rental Housing Preservation Academy launched in April, 2020. The academy consists of a series of sessions designed to help rural housing providers acquire and/or preserve USDA Rural Development (RD), HUD, LIHTC, and other restricted rental housing in rural Colorado.

Offered by Enterprise, in partnership with the Colorado Health Foundation, Fannie Mae and the Colorado Trust, the academy is open to existing housing owners and operators interested in preserving affordability and rental assistance in their properties or anyone interested in preservation of affordability in rural communities throughout the state.

The Housing Landscape in Rural Colorado
Speakers from the Colorado Division of Housing and the Colorado Housing and Finance Authority discussed current housing needs, what it means to preserve affordability, and took a deeper look at stock at risk.

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USDA RD Housing and 515 Transfers
An overview of the Section 515 Program , a rural rental housing mortgage loan, and the Section 514 and Section 516 programs that provide grants to buy, build, or repair housing for farm laborers. There is also an introduction to the Section 538 program, a USDA product that can be used to preserve existing 515 properties.

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Beyond USDA, HUD and LIHTC in Colorado
This webinar covers Section 8 contract renewals, occupancy challenges and RAD for PRAC properties (811 and 202s).

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538 Financing
Bob Morton, Senior Vice President and Director, Rural Housing Service for Bellwether Enterprise, and Larry Anderson of Get RD Done Right! presented on 515 Transfers and the USDA 538 product, which is the primary tool used to refinance and preserve existing USDA 515 properties.

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Strategies For Preservation
We discussed different approaches and products that can support preservation in rural communities across the state with Russell Merrill of Chrisman Development and Terry Barnard of CHFA.

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Alternative Funding Sources
Joe Rowan of Impact Development Fund, Josh Griff of Enterprise Community Loan Fund, and Emily Nilsen with Sharing Connexion spoke about their organizations' programs and how they can help support the rehabilitation and preservation of affordable housing units across the state.

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Mountain West Buyers Sellers Conference
The Mountain West Regional Rural Buyer-Seller Conference is an extension of the Colorado Preservation Academy and is offered by Enterprise Community Partners, in partnership with the Colorado Health Foundation and Fannie Mae. Nancie-Ann Bodell and the team at the national office of USDA discuss the Rural Development Multifamily Housing Realignment and present case studies that highlight best practices and innovative models for preservation and challenges and opportunities for both Buyers and Sellers pursuing preservation in rural communities.

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Local Policy and How it Impacts Housing
Learn how to be an advocate for housing in your community. 

Local Housing Policy speakers included Kathi Meyer, President pro tem for Steamboat Springs,  Broomfield City Councilperson Sharon Tessier, Jack  Regenbogen from the Colorado Center on Law and Policy, and Katie McKenna and Kinsey Hasstedt from Enterprise Colorado market team.

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State and National Policy and How It Impacts Housing
A conversation about state and national policy and how it can impact affordable housing and what you can do to promote affordable housing on the State level. Meghan Dollar, Legislative Advocacy Manager of the Colorado Municipal League and Tyler Jaeckel from the Bell Policy Center presented. 

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Rural Property Management

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Disaster Preparedness & Mitigation
Learn about the different stages of emergency and what to utilize during the preparedness cycle during disaster recovery efforts. 

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Date
May 5, 2020
Authors
Enterprise Community Partners
Markets
  • Denver
Impact Areas
  • Rural & Native American
Capabilities
  • Policy 
  • Technical Assistance
  • Property Development 
  • Resident Services