Item 3A: Mueller Habitat Residential Project Update — original pdf

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Philomena Street Row Homes we build strong, stable, and self-reliant communities. R RMMA PIAC 3/10/2020Billy Whipple SVP of Construction, Austin Habitat for Humanity we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Mission & Vision The mission and vision of Austin Habitat for Humanity are anchored around our dedication to ending the cycle of poverty housing and the deeply held belief that everyone deserves a decent, affordable place to live. MISSION Through faith in action, Austin Habitat for Humanity brings people together to build strong, stable and self-reliant communities. VISION A world where everyone has a decent place to live. we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Our Track Record Since 1985 476 New Homes Built & Sold 340 Critical Home Repairs 3 Home Recycles 100+ Homebase Homes Sold 800+ People Served with Housing Counseling 0 Homes Given Away we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020OUR AFFILIATE TODAY • Travis County • Bastrop County • Hays County • Caldwell County • Blanco County we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020OUR AFFILIATE TODAY 2020 Production Plan 25 New Homes 12 Single Family Homes at Scenic Point 2 Single Family Homes in San Marcos 11 Row Homes on Philomena St. 30 Critical Home Repairs we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Philomena Street 2600 – 2620 Philomena St. we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Philomena Street Designed by Michael Hsu Office of Architecture 11 Homes (9) 3bd/2.5ba 1,350sqft (2) 4bd/2.5ba 1,480sqft AEGB 3-Star we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Philomena Street James Hardie Donated materials from: • • Whirlpool Levolor • • Valspar • Schneider Electric • Cree Ikea • Financial Support from: • Blue Prints & Blue Jeans - 2018 • NHCD* Affordability Bond • Bank of America Priority Markets • Wells Fargo we build strong, stable, and self-reliant communities. * Neighborhood Housing and Community Development RMMA PIAC 3/10/2020Philomena Street 4/20 – BP&BJ 6/29 - MHOA Hired 11/14 – NCC Meeting 9/20 – Building Permit Submitted 8/16 – Closed Land Sale 11/13 – NCC Final Meeting 12/23 – Permits Approved 3/3 – Construction Started 1/31 – NCC Approval of Document Package 12/1 – Est. Construction Completion 2018 2019 2020 we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Philomena Street Sales Price 4 bedroom – $200,000 3 bedroom – $180,000 we build strong, stable, and self-reliant communities. Sales 3 8 Sold Available RMMA PIAC 3/10/2020Who is qualified? Austin Habitat homebuyers must meet three primary requirements: 1. Crowded, substandard, or cost-burdensome living conditions 2. Willingness to partner 3. Ability to pay we build strong, stable, and self-reliant communities. INCOME GUIDELINES You must earn 80% or less than the Median Family Income. 1 Person Household: $52,850 2 Person Household: $60,400 3 Person Household: $67,950 4 Person Household: $75,500 5 Person Household: $81,550 6 Person Household: $87,600 RMMA PIAC 3/10/2020LONG TERM AFFORDABILITY SOLUTIONS: DEED RESTRICTIONS AND CLT’s* ● Protects homebuyer by locking in the Affordable Sales Price as the basis for real estate taxation ● Home appreciation (for taxes and resale purposes) capped at 1.5% per year ● Home resales are restricted to income qualified buyers ● Provides future “recycled” affordable housing stock (permanent affordability) * Community Land Trust we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Our Future 4th & Onion 2020-2021 0.33 Acre Site 28,000sqft GFA 45 units we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Our Future Mary Vice Phase II 2023 0.6 Acre Site 13,056sqft GFA 12 units (6 Duplexes) we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Our Future Persimmon/MLB 2025 - 2030 14.6 Acre Site ~133,140sqft GFA 126 units (18 buildings) we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020Questions? Billy Whipple SVP of Construction Austin Habitat for Humanity 512-472-8788 ext. 104 wwhipple@ahfh.org we build strong, stable, and self-reliant communities. RMMA PIAC 3/10/2020