Foundation for Affordable Housing’s (FFAH) Darrin Willard and Tommy Waldron recently collaborated with Devin McComb to pen the article: Heeding the Call to Action, which was published on Perkins Coie LLP’s website here.
The central issue is affordable housing, of course, and throughout the article, ideas are shared about how we can address the affordable housing crisis, specifically in the Puget Sound area. The solutions provided are not unique to Puget Sound, and can be used universally. The core principle seems to be successful collaboration between city developers, for profit and non-profit developers.
Questions like “How can a city attract affordable housing?” are asked and the authors explain that while difficult, it’s not impossible. One recommendation is that the city dedicate a full-time person to the task of welcoming affordable housing. Once this person is in place, FFAH can work directly with them through the laundry list of change needed to attract development.
Another question that is addressed is “How can for-profit developers benefit by partnering with experienced nonprofits in low income housing development?” The authors address many hurdles and how to overcome them, from the city creating a Low-Income Housing Tax Credit (LIHTC), to developers getting the necessary support in successfully obtaining the tax credit.
Visit the Perkins Coie website to read the full article here.
