Guide to Service Funding Released at 2016 AHF Summit
Today, during a panel discussion on Supportive Housing Solutions at the 2016 AHF Summit, CSH and the National Equity Fund, Inc. (an affiliate of LISC), released a comprehensive Guide to Service Funding in Supportive Housing.
Owners, property managers, service providers, and government policy makers all recognize the value and stability that comes from providing services for residents in affordable and supportive housing. Yet resources to cover the cost for these services are inconsistent, severely constrained, and have limited accessibility when developers and providers are planning and implementing housing developments.
Over the past year, CSH and National Equity Fund have collaborated on a project to explore innovative resources to fund services in supportive and affordable housing. The Guide is the result of this partnership.
The recently released Guide is targeted for a cross section of stakeholders interested in developing and sustaining quality supportive and affordable housing with services. The Guide features new and updated resources and mechanisms to streamline funding of services linked to affordable and supportive housing.
Panel members at the 2016 AHF Summit Supportive Housing Solutions session included CSH Board Member and National VP Supportive Housing at the National Equity Fund, Debbie Burkart, as well as CSH Senior Program Manager Jane Bilger. They were joined by Dana Truillo, Chief Real Estate Officer, Skid Row Housing, Los Angeles, and Josh Wilmoth, President, Full Circle Communities, Chicago.
Using the Guide as their foundation, panelists shared crucial insights into resources and how to put together deals that include the services supportive housing residents require. Panelists used case studies and pro formas to demonstrate how to underwrite the service components and how to deliver services efficiently.