Category: Housing Development Project: The Hillside `Green
Transcription
Category: Housing Development Project: The Hillside `Green
Category: Housing Development Project: The Hillside ‘Green’ Revitalization Project Project Location: 1307 Elmwood, 1246 Jefferson, 1300 Jefferson 1333 Jefferson (Phase I), Fort Worth Texas Status: Phase 1 of 4 homes have been built and sold. Cost: $2,418,500 Description: Tarrant County Housing Partnership (TCHP), is a non-profit housing agency that invests in communities throughout Tarrant County, Texas to provide affordable, quality housing options for low to moderate income families. The project is a collaborative initiative to help preserve and revitalize the Hillside neighborhood, one of Fort Worth’s oldest urban, inner-city neighborhoods. The project consists of 15 new bungalow-style craftsman homes that are energy efficient and affordably priced in the mid-$70’s and are available to income eligible homebuyers who qualify for up to $14,999 in down payment and closing cost assistant through the City of Fort Worth’s Homebuyer Assistance Program. Utilizing TCHP’s pioneering green building initiative, construction featured installation of the Structural insulated panels (SIPs) – a high performance building system consisting of an insulating foam core sandwiched between two oriented strand boards (OSB). The result is a building system that is extremely energy efficient, and cost effective. The homes also feature high-performing HVAC systems, Energy Star rated appliances and windows, environmentally-friendly paint, cabinetry and flooring, drought-tolerant landscaping, and waterconserving plumbing. Each home is equipped with a TED Energy Use Monitor system that will provide data on household energy usage. Homes built under TCHP’s green building initiative are more cost effective to the homeowners and provide greatly reduced utility bills, putting more money in their pockets, which increase their sustainability. Additional benefits of the green building practices include increased air quality and healthier indoor atmosphere, which improves medical conditions such as asthma. Tarrant County Housing Partnership’s goal is to become a leader in building high performing, energy efficient affordable homes for lower income families while also strengthening the environment. Community Needs Addressed: The Hillside project helps to preserve and revitalize Fort Worth’s existing neighborhoods by bringing blighted, vacant infill lots in distressed communities back into use to create affordable housing opportunities for low income families. Fort Worth ranks consistently below the average national homeownership rate, which is even considerably lower among minorities and low income families. In Fort Worth, median home prices have increased 38% in the last 6 years, whereas, 46.9% of all households earn less than the median income. Additionally, the imbalance of rising housing costs and stagnant income levels have created a devastating housing cost burden, whereas an alarming percentage of families are paying more than 30% of their income on housing. This condition compromises their ability to afford other basic needs such as healthcare, transportation and education, which become burdensome and often go unutilized, placing a further drain the city’s assistance systems and economic well-being. The City’s Consolidated Plan details a significant need for quality affordable housing available to low income families located in Southeast neighborhoods, where 79% of the housing stock was built prior to 1959. Older housing with greater repair needs tends to be concentrated in neighborhoods that have the lowest income, which is consistent with Hillside. According to the Census, 38% of the NDC Academy 2015 Housing Development The Hillside 'Green' Revitalization Project population is very low income and the median household income is $48,870. The average value of homes is $50,475, as opposed to the average of $148,430 for the city. The need for affordable housing for lower income families is also reflected in the number of applicants on the waiting list for the Housing Choice Voucher Program, which has reached 7,000. The need for quality, affordable housing is not limited to low-income households, but includes other middle-income earners who are increasingly finding it difficult to live in the communities where they work. Benefits and Outcome: The impact of this project has resulted in the decrease of vacant, blighted infill lots; an increase homeownership opportunities for low income households, as well as an increase in the number of qualified homebuyers; education of low income residents on financial literacy and pre-purchase counseling; increased homeowner sustainability through decrease in utility costs and health ailments requiring medical attention; the stabilization of property values in hard-hit neighborhoods with foreclosures; an increase in the supply of affordable housing; and ultimately creating a positive impact on the local economic recovery and revitalization efforts as it increases property values and prevents further neighborhood decline. Green building practices saved 30% on framing labor, decreased costs for insulation, 30% savings of electrical labor; savings of 30% on waste costs due to reduction in jobsite waste utilizing pre-cut panels, energy efficient envelope required smaller HVAC systems, which generated a 40% savings and better indoor air quality for homeowners. Additionally, the new homes on once empty lots created jobs — both during construction and through new consumer spending after the homes were occupied. The houses that TCHP built have significantly improve the appearance and value of the neighborhood. TCHP also maximized benefit for the future residents by building green to lower long terms costs of homeownership. Project Collaborators: Tarrant County Housing Partnership has developed a strategic collaborative alliance with the City of Fort Worth, Councilmembers Kelly Allen Gray and Frank Moss, the Fort Worth Housing Authority, Southeast Fort Worth, Inc., Hillside Neighborhood Association, Morningside Children’s Partnership and the Fort Worth Community Partnership, Inc. Local stakeholders have focused their efforts to concentrate on the revitalization of Fort Worth’s oldest neighborhoods located in Southeast Fort Worth, which has yielded significant economic development throughout the community in new community facilities, urban villages and retail centers. The proposed area has active neighborhood associations that have worked diligently to apply for and receive the Model Block and Empowerment Zone designations by the City of Fort Worth. Due to our efforts, the neighborhoods have organized Code Blue and Code Rangers programs, advocated for Capital Improvement Program funding, held neighborhood cleanup and tree planting events and worked with City Public Works to install speed bumps, street lights and stop signs. Revitalization of these neighborhoods can only occur through the use of federal funding and foundation partnerships to provide the gap funding need to create affordable housing and increase owner occupied homes. Funding was provided through the City of Fort Worth, US Dept. of Housing & Urban Development HOME Investment Partnership Program, the Enterprise Community Foundation, Wells Fargo Housing Foundation and Citi Foundation. These partners are dedicated to working together to improve the Southeast community and create attractive, desirable and safe neighborhoods in which to live, work and raise a family. NDC Academy 2015 Housing Development The Hillside 'Green' Revitalization Project What Makes Your Project Unique? : TCHP believes “green” and “affordable” are one and the same. It is our new focus to make environmentally responsible development the mainstream in affordable housing and to create high quality homes for low-income families while strengthening the environment. Green building offers a wide array of benefits for not only the homeowners, but also neighborhoods and cities, which leads to healthier homes and communities, lower energy & water costs and a protected environment. Healthier Homes and Communities. Housing conditions are important factors influencing health. Green building practices can create healthier home environments through better indoor air quality and healthier building materials. Lower Energy and Water Cost. Buildings are better performing, cutting utility costs for homeowners. A Stronger Environment. Buildings account for 38% of carbon dioxide emissions, 30% of raw materials and landfill waste and 12% of potable water consumption. Environmentally responsible development, along with energy- and water-efficient buildings can make a positive contribution to environmental protection. The Hillside project utilizes revolutionary green building techniques, including the use of Structural Insulated Panels in construction. Since the panels are pre-fabricated, it reduces framing labor and saves up to 30% on waste costs. They are pre-insulated which reduces the need for additional insulation, and electrical is installed 20-30% faster which, decreases labor cost. Environmentally, the residual jobsite waste is drastically reduced. The homes also offer better indoor air quality, reducing contaminants, including carbon dioxide emissions, which can cause allergies, asthma, and other health issues. Buildings that use these resources more efficiently, while minimizing pollution that can harm renewable natural resources, is crucial to a sustainable future. Using environmental technology – from drought-tolerant landscaping to smaller HVAC systems, reduces the cost of maintenance, from higher utility bills to the need for future costly renovations if cheaper, less efficient products had been used. Organization’s Name: Tarrant County Housing Partnership Website: http://tchp.net Main Contact: Donna VanNess Email: [email protected] Phone Number: 817-924-5091 NDC Academy 2015 Housing Development The Hillside 'Green' Revitalization Project NDC Academy 2015 Housing Development The Hillside 'Green' Revitalization Project $ 90,000.00 $ 101,000.00 $ 127,500.00 $ 67,500.00 Landscape / Fence Development/Utility /Impact fees Holding Costs/Taxes/Maintenance Insurance/Bonding/Interest Version: October 2014 $1,725,000 Construction 2,418,500.00 Total Home Depot Project Name: The Hillside ‘Green’ Revitalization Project Project Contact: Donna VanNess Submission Category: Housing Development Total Uses of Funds $ $ 2,418,500.00 Housing Partnership Network $ 37,500.00 Architect & Engineering $2,418,500.00 $ 40,000.00 $ 100,000.00 $ 42,000.00 $ 45,000.00 $ 250,000.00 $1,941,500.00 Amount Total Uses = Total Sources Total Sources of Funds $ 2,418,500.00 Enterprise Green Communities Grant Citi Foundation $ 45,000.00 Site Prep Source City of Fort Worth HUD HOME Investment Partnership Program Wells Fargo Priority Markets $ 225,000.00 Amount Sources of Funds Land Acquisition Use Uses of Funds PROJECT SOURCES & USES OF FUNDS NDC Academy 2015 Housing Development The Hillside 'Green' Revitalization Project