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Scattered Site Rental Toolkit: |
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Business Planning for Development &
Management |
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V.B. Approaches to Producing and Managing SSR Projects
There are a number of
approaches to developing, managing and funding SSR projects and there is no
single approach that is necessarily the best. One size does not fit all. The
following table contrasts the differences in the SSR programs of a few of the
agencies we interviewed while developing this manual. We found agencies all had
their strong and weak points. Most were really good in a number of areas and
had room for improvement in others.
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Comparison
of Different Program Designs |
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Name of agency |
Location of Agency |
Year the agency began doing SSR development |
Current number of scattered site units owned |
Primary funding source |
New Construction or rehabilitation |
Short- or long-term lease purchase? |
Management of units in-house or contracted out |
Strengths of the organization |
|
Beyond Housing |
St. Louis, MO |
1980 |
350 |
LIHTC Program |
primarily new construction |
NA |
in-house |
The vast array of services that they offer their tenants |
|
Cleveland Housing Network |
Cleveland, OH |
1981 |
1,800 |
LIHTC Program |
primarily rehabilitation |
long-term |
in-house, though some work through local CDC's |
Their efficient, no-nonsense approach to development |
|
Columbus Housing Partnership |
Columbus, OH |
2000 |
400 |
LIHTC Program |
primarily new construction |
long-term |
contracted out to CPO, a nonprofit mgt
company |
Their well thought out asset management plan |
|
St. Ambrose Housing Aid Center |
Baltimore, MD |
1978 |
200 |
Variety of programs, many from the State of Maryland |
primarily rehabilitation |
NA |
in-house |
The detail that is put into the management and the maintenance
of their units |
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*”Short-Term Lease Purchase” is
defined as a program in which tenants are prepared for homeownership within
2-3 years. Long-term lease purchase
involves leasing units for 15 years and then converting to homeownership. |
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Next: V.C. Rehabilitation or New Construction?