Annual Report 2013 - The Housing Partnership

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MILESTONES AND RECOGNITION
• 1987 Housing Task Force presented a county-wide housing organization model at a
Special Housing Workshop attended by over 60 community representatives
• 1988 Charlotte City Council voted to support the creation of the
Charlotte-Mecklenburg Housing Partnership
• 1988 Incorporation of Charlotte-Mecklenburg Housing Partnership, Inc.
• 1989 Hired first President – Patricia G. Garrett, formerly the Executive Director
of Macon Program for Progress in Macon County, N.C.
• 1991 Received Meritorious Achievement Award with the Charlotte Community
Development Department for Fairmarket Square Development – The
Association of Local Housing Finance Agencies
• 1991 Received Meritorious Achievement Award for Greenville – The Association of
Local Housing Finance Agencies
• 1992 Received Housing North Carolina Award for Greenville – North Carolina
Housing Finance Agency
• 1992 Received Pillars of the Industry, Best Affordable Multifamily Project for
Summerfield Apartments – National Council of the Multifamily Housing
Industry and Registered Managers Program
• 1993 Received Maxwell Award Honorable Mention for Summerfield Apartments –
Fannie Mae Foundation
• 1994 Statistics showed that violent crime in Genesis Park plummeted 74% in one
year, according to The Charlotte Observer
• 1996 Efforts touted in New York Times Magazine
• 1996 Received Housing North Carolina Award for Genesis Park – North Carolina
Housing Finance Agency
• 1996 Seversville work featured in a cover story entitled “The Year That Housing
Died” by Jason DeParle (10/26/99), including a picture of a Seversville house on
the cover – New York Times Magazine
• 1996 Was a Maxwell Award Finalist for Hope 3 Program – Fannie Mae Foundation
• 1997 Was a Maxwell Award Finalist for Shelton Knoll Apartments – Fannie Mae
Foundation
• 1997 Genesis Park work featured on nationally-televised “Solutions” segment –
“ABC World News Tonight”
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• 1997 Genesis Park highlighted as a community that battled crime and won in a
publication entitled “Solving Crime Problems in Residential Neighborhoods” –
National Institute of Justice
• 1998 Genesis Park chosen as one of three communities featured in national
commercial campaign promoting homeownership – Fannie Mae Foundation
• 1999 Report stated “the depth and uniqueness of the services CMHP (CharlotteMecklenburg Housing Partnership) delivers distinguish the organization as one
of the most effective housing providers in the state and nation” – City of Charlotte
• 1999 Received Housing North Carolina Award for Seversville – North Carolina
Housing Finance Agency
• 2000 Was a Maxwell Award Finalist for Seversville – Fannie Mae Foundation
• 2001 Received Housing North Carolina Award for Cardinal Glen – North Carolina
Housing Finance Agency
• 2005 Received Housing North Carolina Award for Park at Oaklawn –
North Carolina Housing Finance Agency
• 2005 Received Ambassador for Cities Designation for Excellence in Promoting
Housing Opportunities through Public-Private Partnerships – National
Association of Realtors and U.S. Conference of Mayors
• 2007 Received Community-Police Partnership Award in the category of
Neighborhood Revitalization with Charlotte-Mecklenburg Police Department
for revitalization efforts in Druid Hills – MetLife Foundation
• 2007 Received Award for Outstanding Loss Experience for Best in Class Loss Ratio
with number of units less than 800 for the years 2004 through 2007 – Housing
Partnership Insurance Exchange
• 2007 Received Housing North Carolina Award for Rivermere Apartments –
North Carolina Housing Finance Agency
• 2007 Completed loan documents with the City of Charlotte for a $25M package for
Double Oaks and received additional support from Wachovia, Housing and
urban Development Economic Development Initiative and Z. Smith Reynolds.
• 2008 Created ten-year master redevelopment plan for newly acquired Double Oaks
Apartments
• 2009 First recipient of zero interest loan from a $1 million Nell Rose Bates Affordable
Housing Fund created from a bequest from the estate of a longtime elementary
school teacher who was a beloved figure at Park Road Elementary
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• 2009 Received Approved Audubon lifestyles Design designation for Double Oaks,
which indicates the current land use plan is consistent with the International
Sustainability Council (ISC) Principles of Sustainability
• 2009 Won a Neighborhood Excellence Initiative Award from Bank of America
• 2009 Began separate homebuyer education program for Habitat For Humanity
• 2010 Completed construction of 216 new affordable workforce and senior housing
units in Double Oaks – The McNeel, The Alexander and Gables II – as well as
a daycare facility
• 2010 Began administering the HouseCharlotte Program for the City of Charlotte
• 2010 Participated in NC Commissioner of Banks Home Foreclosure Prevention
Project
• 2010 Participated in the NC Housing Finance Agency Mortgage Protection Program
• 2011 Received Energy Star and/or Audubon Home certifications on all Double Oaks
rental developments
• 2011 President was a panelist for Ford Foundation discussion on Community
Development & Civil Rights
• 2011 CFO honored as Charlotte Business Journal CFO of the Year
• 2012 President honored with a University of North Carolina-Greensboro Alumni
Distinguished Service Award
• 2012 SVP, Strategic Initiatives & Fund Development honored with Central
Piedmont Community College’s Richard H. Hagemeyer Award
• 2012 Won a USGBC Award to pursue LEED for Neighborhood Development
standards to rebranded Brightwalk at Historic Double Oaks
• 2012 Received NC Housing Finance Agency award for most foreclosure extension
requests under the State Home Foreclosure Prevention Program
• 2012 Standard Pacific opens first model home in Brightwalk at Historic Double Oaks
• 2012 Received funding to build a 20-unit supportive housing community in
collaboration with Charlotte Family Housing
• 2012 Collaborated with The White House, Charlotte Mayor and the Department of
Housing and Urban Development to convene a roundtable of regional housing
counseling agencies, financial institutions, state agencies, government
officials and homeowners
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Humana backed a KaBOOM! playground build at the Village of Rosedale
Apartments in partnership with the Democratic National Convention
Committee’s volunteer support
Pat Garrett retires after 23 years leading The Housing Partnership
Julie Porter hired as new President of The Housing Partnership
Took over Charlotte Mecklenburg Development Corporation services
Became a part of the NeighborhoodLIFT program in partnership with Wells
Fargo and NeighborWorks® America
National Artplace Award granted to McColl Center for Visual Art to create an
Arts & Ecology Community Campus at Brightwalk at Historic Double Oaks
Kidz Place Academy officially opens in Brightwalk at Historic Double Oaks
daycare facility
Chambers Point at Ayrsley is fully leased, namesake honoring former Board
member Julius Chambers
CHARLOTTE-MECKLENBURG HOUSING PARTNERSHIP, INC. DESIGNATIONS
NeighborWorks® Chartered Member, Neighborhood Reinvestment Corporation
NeighborWorks® Homeownership Center, Neighborhood Reinvestment Corporation
NeighborWorks® Full-Cycle Lending, Neighborhood Reinvestment Corporation
HUD Certified Counseling Agency, U.S. Department of Housing & Urban Development
Community-Based Development Organization, U.S. Department of Housing & Urban
Development
• Equal Opportunity Lender, U.S. Department of Housing & Urban Development
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• North Carolina General Contracting License, North Carolina Licensing Board for
General Contractors
• North Carolina Mortgage Lender License, State of North Carolina for CMHP
Mortgage, Inc. (subsidiary)
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REPORT AGENDA
Revitalization and Strategic Initiatives Report 2013
Programs Report 2013
DOUBLE OAKS
> Worked with McColl Center for Visual Art to secure national Artplace initiative of $400,000 to
install 8 environmental art pieces that will be the focus of Arts & Ecology Community
Campus at Brightwalk.
> Sold 71 lots to Standard Pacific for homeownership opportunities.
> New homeowners included 29 single-family residents and 22 townhome residents.
> Increased tax base for Statesville Avenue Corridor.
> Succeeded in having mixed-income homeownership opportunities with home prices starting at
$120,000 and being sold up to $300,000.
> Completed infrastructure improvements, including road re-alignment, Statesville Avenue road
diet, median, bike lanes, partial stream restoration and sidewalks.
> Finalized Master Declaration for Neighborhood Association.
> Held a Brightwalk ribbon cutting.
> Participated in a grand opening for the Daycare at Double Oaks the organization built, now
known at Kidz Place. A total of 42 kids enrolled.
> Had discussions with various retail operators about economic development that might address
the area’s food desert designation.
> Recognized in Creative Loafing as one of the emerging urban explorers’ neighborhoods.
HOMEOWNERSHIP EDUCATION:
> Assisted 156 first-time customers.
> Closed 253 HouseCharlotte loans with a total funded amount of $1,805,375.
> The average area median income of loans closed was 64.6%.
> Graduated 467 homeownership education class customers.
> Held a Bank of America Financial Literacy Bootcamp and several classes benefitting 294
customers – a 6% increase.
> Participated in partnership with NeighborWorks America and Wells Fargo to launch
Charlotte’s L.I.F.T. (Let’s Invest For Tomorrow) initiative. A total of 803 appointments were
scheduled for the 2-day launch event at the Convention Center. Received loan funds of
$4.6 million to make 312 forgivable loans of $15,000 each.
> Participated in the Fifth Third E-bus, providing credit advising.
> Counseled 899 customers.
Revitalization and Strategic Initiatives Agenda 2014
In designated areas and commercial corridors, improve resident quality of life through holistic
restoration of neighborhoods including increased availability of services, retail and jobs; physical
and infrastructure improvements, and provision of clean, safe environments for children.
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DELINQUENCY:
> The average delinquency rate for loans originated by The Housing Partnership was 5.9% at
fiscal year’s end – the lowest delinquency rate achieved in several years.
> Awarded a Certificate of Achievement for Requesting High Volume 30 Day Extensions under
our participation in the State Home Foreclosure Prevention Project.
> Assisted 440 first-time foreclosure prevention education customers and fielded 2,901 inquiries.
> Modified 24 loans.
> Brought current 141 mortgages.
> Counseled and referred 116 customers.
> Assisted 21 customers in receiving forbearance agreements.
> Counseled 158 customers through the North Carolina Housing Finance Agency’s Mortgage
Protection Program.
> Counseled 99 customers through the State Home Foreclosure Prevention Program.
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HIGHLIGHTS:
> Outreach seminars provided to Appa Kappa Alpha and Bank of America’s Housing Seminar and Expo.
> Mecklenburg County proclaimed April as Financial Literacy Month.
> 151 families purchased a home through the variety of programs offered through the
Homeownership Center of Charlotte.
> Promoted active resident leaders and neighborhood groups through community organizing,
training, technical assistance with grant applications, and engagement with City and McColl
Center for Visual Art opportunities.
Programs Agenda 2014
Manage highly effective programs that improve the net worth and quality of life of residents and
improve their ability to purchase and/or keep a home by providing down payment assistance
programs, lending programs and high quality education programs. Partner with residents of target
communities and provide programs aimed at improving community connection, increasing safety,
developing resident leaders and making progress on agreed upon neighborhood goals and public policy
agendas. Begin to explore ways to track overall customer outcomes.
Development Report 2013
RENTAL COMMUNITIES:
> Atando Avenue Apartments – 130 units of Family Housing is in planning phases for Brightwalk
at Historic Double Oaks.
> The Dannelly – 62 units of Senior Housing is in planning phases at the Catawba.
> Chambers Point – 86 units of Senior Housing being constructed at Ayrsley with 211
preliminary rental applications received.
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> Morrison Plantation – 92 units of Senior Housing is in planning phases for a 4.65 acre parcel in
Mooresville.
> Scaleybark – 92 units of Family Housing is in the planning phases.
> Tyvola II – 20 units of Supportive Housing.
> Weddington Road Apartments – 70 units of Workforce Housing is in planning phases for a 7.23 acre
parcel in south Charlotte. Hosted community meetings and completed rezoning.
HIGHLIGHTS:
> Acquired the assets of CMDC, Inc. to expand our mission to include economic development.
> Provided a total of 1,382 rental homes to families and seniors, creating an environment for a
financially stable household.
> Achieved occupancy rate of 97.4%.
Development Agenda 2014
Ensure increasing numbers of low and moderate income individuals and families in the Charlotte
metropolitan statistical area as well as surrounding counties and states have access to high quality
affordable housing by:
1) growing the organization’s rental housing portfolio (both acquisition and development);
construction or rehabilitation of single family homes; and development of buildable lots.
2) increase the viability of commercial corridors by identifying, acquiring and developing blighted
and/or abandoned commercial property and vacant property,
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FINANCIALS
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Assets
January 1, 2012 December 31, 2012
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Revenue and Support
Expenses
Increase in Restricted Net Assets
$
674,718
Grants & Contributions
$
4,066,464
Rental Income
$
9,772,572
1,729,715
Interest Income
$
899,656
$
533,967
Home & Single-Family Lot Sales
$
1,311,946
Interest Receivable - Multifamily Loans
$
214,849
Other Income
$
1,196,136
Reserves and Escrows
$
6,793,089
Notes Receivable
$ 10,349,884
Projects in Development
$
Rental Property
$ 86,834,545
Expenses
Land Held for Sale
$
3,851,461
Other Assets
$
2,442,952
Unrestricted Cash
$
1,679,611
Restricted Cash
$
3,339,495
Accounts Receivable
$
142,812
Grants Receivable
$
Interest Receivable - Single-Family Loans
■ Programs and Services
77%
Total Revenue and Support
$
17,921,492
Program and Services
$
14,721,108
Interest Expenses
$
2,621,273
Administration
$
1,714,687
Total Expenses
$
19,057,068
Accounts Payable & Accrued Expenses
$
8,424,881
Change in Net Assets
Notes Payable
$
77,315,112
Temporarily Restricted Net Assets
$
286,762
Non-controlling Interest
$ 26,678,462
Permanently Restricted Net Assets
$
(766,250)
Net Assets
$ 27,307,688
Unrestricted Net Assets
$
1,842,661
Total Liabilities and Net Assets
$ 139,726,143
Total Change in Net Assets
$
1,363,173
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14%
$ 2,621,273
9%
$ 1,714,687
21,813,773
Liabilities and Net Assets
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■ Interest Expenses
■ Administration
$ 139,726,143
Total Assets
$ 14,721,108
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BOARD OF DIRECTORS
Ted Fillette*
Legal Aid of North Carolina, Inc.
Eileen Stenerson, Chair
Wells Fargo Bank
Ailen J. Arreaza
City of Charlotte
Larry Fraser*
Prodigy Capital Consulting
John Stokes
BB&T Community Development
Darren Ash*
Charlotte Family Housing
Harvey Gantt (a)
Gantt Huberman Architects
Darren Swanson
Bank of America
Toby Bartlett**
JE Dunn Construction
Tom Ingram, Vice Chair
The Ingram Group, LLC
Linda D. Thomas*
Duke Energy
Gene Bodycott**
New Forum
James Mitchell**
Community Leader
Darryl White, Vice Chair
Habitat for Humanity
Will Caulder*
Rodgers Builders, Inc.
Lance I. Pritchett
Pesta, Finnie & Associates
Shawn Williams
Neighborhood Representative
Rev. John Cleghorn
Caldwell Memorial
Presbyterian Church
Betty Chafin Rash
Community Leader
Mary Wilson
Community Leader
Nancy Crown**
Banc of America CDC
Bernard Felder**
Sanctuary Housing
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BOARD ALUMNI 2014
J’Tanya Adams, Secretary
Neighborhood Representative
Brian Collier
Foundation for the Carolinas
HE
Douglas Robertson
Fifth Third Bank
Sharika Richardson Shropshire
Legal Services of Southern Piedmont
Jim Simpson*
Simpson Investors
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* Retired
** Newly Elected Member
(a) Appointed
Sharlene Abbott
William Ahern
Robert C. Allen
Margaret Almond
Jean Anderson
Darren Ash
Gary Ashford
Rod Autrey
Sam Barber
Bill Bardin
David Barnhardt
Andrea Young Bebber
Ned Bishop, Jr.
David Blackman
John Boatwright
Sam Boyd
Tim Breslin
Pat Brugh
Annie Bryant
Jim Burbank
Susan Burgess
William Burton
Tom Bush
Becky Carney
Don Carroll
Julius Chambers
Dan Clodfelter
Linda Clontz
Stan Cook
Robert Davis
Marcia Dean
Caroline Dellinger
Dean Devillers
Beverly Earle
Dianne English
Ted Fillette
Sam Foster
Larry Fraser
Darryl Gaston
Willard Gourley, Jr.
Kim Graham
Malcolm Graham
Bert Green
Angelia Hailey
Mae Ruth Harrell
Jay Harris
Ike Heard, Sr.
Kathryn Heath
Perrin Q. Henderson
Dr. Tom Herin
Carole Hoefener
Randy Hughes
Mike Jackson
Derrick Johnson
Pastor Clifford Jones
Ray Jones
Christopher Keber
Peter Keber
Steve Kessler
Rev. Dr. Casey Kimbrough, I
Richard Korenich
Richard Lancaster
Robert Lee
Ron Leeper
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T. Anthony Lindsey
Sandra Hunter Lucas
Lorenzo McIver
James Mitchell
Frank Martin
Hoyle Martin
Angela Mauldin
James Maynor
H. Burt Melton
Jack Mitchell
Norman Mitchell
Angeles Ortega Moore
Melissa Moore
Mike Mulvaney
Patrick Mumford
Marc Oken
Wayne Osella
Roger Parham
Cyndee Patterson
Michael Pitchford
Tony Pressley
Wallace Pruitt
Kerr Putney
Betty Chafin Rash
Wilhelmenia Rembert
Mike Rizer
Gwen Roberts
Jennifer Roberts
Rev. Jeremiah Robinson
Ellen Rogers
Denise Rowan
John Saclarides
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Caroline Sadler
Lisa Sawicki
Stephen Schemmel
Susan Sewell
Tom Shoup
Jim Simpson
Jose Sonera
Will B. Spence
John Stedman
Darrel W. Stephens
Beverly Stewart
Chandra Sullivan
Pam Syfert
Ken Szymanski
Linda Thomas
Mark Tiberio
Isaiah Tidwell
Claire Trexler
Jeff Triplette
Keva Walton
Robert “Bob” Walton
Ron Walton
Robert Warfield
Debra Warren
Wendy Logan-Way
Brenda Wells
Joanne West
Priscilla Wills
Alonzo Woods
Velva Woollen
Charlotte-Mecklenburg Housing Partnership, Inc. • 4601 Charlotte Park Drive • Suite 350 • Charlotte, NC 28217
Ph - 704.342.0933 • Fx - 704.342.2745 • Email - info@CMHP.org • www.CMHP.org • www.HCCharlotte.com • www.CMHPRentals.com