Housing Giants - June 23, 2008 - (Page 21)

As a home builder, it will be helpful to understand the pieces of the puzzle in our non-traditional model and further explore key steps to leveraging public, private and non-profit resources for affordable housing solutions. American Sunrise recommends home builders do the following: ▪ Seek local partners to create, implement and manage sustainable community-based housing and opportunity programs (e.g. voluntary set-aside, incentive and inclusionary zoning program development and implementation; needs-based programming). Collaborate with governments, policy think tanks and universities. The collaborations lead to new designs and cuttingedge, community-based housing strategies. ▪ Partner with Community Reinvestment Act institutions to create and provide consumer-sensitive financial products and resources for all program stakeholders. ▪ Establish relationships with foundations and socially responsible donors to provide resources and subsidies for sustainable community-based housing programs. We have learned that local government and builder partners are adamant that substantial subsides and low-cost capital will be necessary to make these projects economically viable. Our development partners have agreed to donate a combination of land and money to each project. Our government partners have agreed to support Sunrise’s efforts to obtain subsidies and low cost capital. By aggregating builder contributions; public and private grants; CRA institutional 6.23.08.Housing giants ▪ Collaborate with local cities, state and federal institutions; policy think tanks; and universities. The collaborations are extremely valuable and lead to new designs and cutting-edge, communitybased housing strategies. ▪ Empower local non-profits and community and faith-based groups to identify and support families and individuals who need housing opportunities to stabilize their lives. ▪ Motivate business groups, employers and labor organizations to create and implement employer-assisted housing programs for income-limited employees. www.Housinggiants.com 21 http://www.policylink.org/EDTK/CRA/ http://www.policylink.org/EDTK/CRA/ http://www.housinggiants.com

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Housing Giants - June 23, 2008 Contents Viewpoint News and Moves Sell Workforce The Land Dilemma

Housing Giants - June 23, 2008

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