DAVID PAUL ROSEN & ASSOCIATES - Laserfiche WebLink

Home Browse Search

investors, syndicators, underwriters, developers, government -sponsored enterprises, and others who have extensive experience in affordable housing finance and development. inclusionary blousing Advisory Services DRA has conducted more than 50 inclusionary housing analyses and 25 affordable housing nexus analyses, spanning more than 25 years of practice in this field. Our Principals have decades of experience advising local governments on the feasibility, zoning and design of inclusionary housing programs. DRA pioneered the pro forma approach, which has become the state -of -the art in inclusionary housing economic and policy analysis. This approach involves the economic valuation of a variety of incentives that may be offered to developers (e.g., density bonuses, fee waivers, fee deferrals, modifications in design, building and engineering codes and standards, including parking standards, expedited development processing, alternative floor area ratio and site planning reforms, tax exempt and other favorable financing). These incentives are compared against the cost to developers to comply with alternative affordable housing requirements. DRA has successfully used this methodology in preparation of inclusionary housing economic analyses for numerous large city clients, including Los Angeles, San Diego, Long Beach and San Jose, California; Phoenix, Arizona; Hawaii and Maui Counties, among many others. DRA is expert in all aspects of inclusionary housing policy, including set -aside requirements for owner and rental housing, incentives, offsets, alternative compliance options and policy/regulatory matters. We can recommend changes to housing policy that will make it more effective and responsive to changing market conditions. DRA has also advised local government entities on the creation, implementation and monitoring of First -Time Homebuyer Programs for low and moderate income homebuyers. We are familiar with the numerous issues facing cities with restrictive covenants on for -sale units. When market home prices escalate rapidly, owners of restricted units often face temptations to refinance at amounts above the restricted home price, potentially making the home unaffordable to the next buyer. DRA assists its clients with the development of regulatory agreements that provide maximum protection in case of such events. Conversely, when market price of homes declines precipitously, or owners face drastic reductions in income due to job loss, cities often see an increase in foreclosures. DRA has advised cities on measures such as emergency foreclosure relief programs and the establishment of loss reserves to purchase troubled homes to avoid the loss of restrictive covenants. The combination of DRA's understanding of inclusionary housing law with our expertise in land use planning, allows our clients to resolve some of the most difficult issues facing housing authorities and communities. Our thorough understanding of U.S. Supreme Court and state statutory requirements, as well as recent court decisions affecting inclusionary housing, have Santa Ana Community Development Agency September 21, 2021 Proposal to Provide Multifamily Affordable Housing Advisory Services E