Equal OpportunityCultural Diversity

“REALTORS And Opportunity-Housing For People With Disabilities”

-David Layne

Presented at National Association of Realtors (NAR)Washington DC- May ’08

Think Bigger!

www.csh.org

www.coilcdc.org

• Center on Independent Living Community

Development Corporation –Accessible Housing

Emerging Market

• More Inclusive / Fair Housing

• Good Business / Income Opportunities

• Help Meet The “Community Needs”

• Help Make A Community Impact

Income Opportunity

• Group Homes

• Independent Living

• Multi-Family

• Land Aquisition

Down Payment Assistance

• Federal Home Loan Banks

• $13,500 (D.P. & Closing Costs)

• Get primary mortgage through member bank or USRDA

• USRDA – longer term 33-38 yrs, can subsidize as low as 1%

• FHLB Grant – forgiven after 5 years

Federal HOME Funds

• Distributed through qualifying States, Counties & Cities

• Example- Oakland County 75% Mortgage, 25% Interest Free Loan (no payments until sell, death, foreclosure etc.)

Rental Assistance

• McKinney Vento Funds

• Severe or persistant mental illness or developmental disabilities

• To fight against “Homelessness”

• They pay 30% of adjusted gross income

• Non-Profit Housing Co- subsidizes rest up to FMR (Example- CHN helped approx-250, 150 current- approx 25% Realtors?)

Fannie Mae – Home Choice

• Pre-purchase counceling

• Special underwriting flexibilities (LTV, income ratios, credit, DP sources)

• www.homechoices.org

• California group…. specializes

Attorney’s Specializing in Disabilities Issues, Housing

• Housing Trusts

• Pooled Housing Trusts

www.HOMESCoalition.org

• Realtors, Lenders, Affiliates ALL coming together to help make a Community Impact- a difference in the lives of people with disabilities.

Banquets

• Official “Super Bowl XL Event” Feb 2006’

Team Up With Non-Profit Housing Companies

• Example …. www.communityhousingnetwork.org

Types of Developments

• Group Homes

• Independent settings- condos / duplexes

• HUD 811- up to 14 units (scattered sites)

• CSH Multi-Family: Apartments, High Rises

• Example- “Independent Choice”, bring together Realtors, Non-Profit Housing Co, County & State (including Federal Funds)

Importance of Realtors

• “Realtors are the educated voice in our Community who can help guide Public Policy in support of Affordable Housing. Affordable Housing benefits everybody.”

- Marc Craig

President Community Housing Network Inc. (Troy, Michigan)

State Housing Agencies

• www.michigan.gov/mshda

State Housing Authorities

• Often Distribute Federal “Home Fund” Grants (can be County’s & City’s too)

• Design “Qualified Allocation Plans” to distribute Treasury Dept. “Tax Credits” – major source of Affordable Housing Development in America (point system?)

• Can have special funds & programs for “special needs” housing

Michigan’s Annual Affordable Housing Conference

• 1400 attendees from ALL over the country

• www.housingconference.org

• Michigan Community Development & Affordable Housing Fund

“Digging Up” Your Local Activity

1. Ask families and organizations dealing with “Disability Issues” if they know of a local Disability Housing Provider?

2. State & County Community Mental Health Departments

3. State Housing Authority

4. Regional FHLB

5. Google… local Fannie Mae lenders

“Digging Up” Your Local Activity

6. Google – local organizations involved with disability issues- ask them for housing contacts & resources (check local Autism programs, Cerebral Palsy, ARC, Easter Seals etc…)

7. Ask me for help!

DavidLayne33@aol.com

Cell= (248)770-1950

Become A Specialist

• Put on your web site, in your marketing materials- that “You assist families dealing with disability issues”.

• Add Disability Issues organizations, and contacts to your client database.

• Give some of the better, most helpful organizations –exposure on your web page & in your marketing materials.

Coldwell Banker David Steven Company- David S Toyama, Pres.

• Together with his wife Adriana, also a licensed agent, they have built premiere boutique offices in Northeast Los Angeles; Eagle Rock  and Azusa California. They have received numerous awards like The Coldwell Banker Premier Office Designation. 

• Most recently in 2006, they received the Diversity Award out of more than 4,000 offices internationally. For diligently and creatively fostering an inclusive environment that has supported diverse minority markets.

• www.homenloan.com• Disability housing tab… and a specialist -Denise Barnes

RESOURCES

Realtors

www.virtualcil.net/cils/

• Directory Of Independent Living Centers By State

www.bazelon.org

• What “Fair Housing” means for people with disabilities.

www.pva.org

• Disabilities Rights

• Fair Housing

• Accessible Design

http://www.hud.gov/offices/fheo/disabilities/index.cfm

• Information for:

• People with Disabilities  

• Housing Providers  

• Building & Design Professionals