lis 217 stemming the tide - LISC

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EXHIBIT 3OPT OUT SUMMARYSTATETexasOhioIllinoisCaliforniaMissouriNew YorkMichiganWashingtonColoradoNorth CarolinaConnecticutIndianaArkansasFloridaMarylandTennesseeMassachusettsOregonArizonaDistrict of ColumbiaKentuckyLouisianaGeorgiaIdahoMississippiOklahomaAlabamaKansasNevadaSouth CarolinaSouth DakotaWyomingMinnesotaMontanaNebraskaNew JerseyNorth DakotaPennsylvaniaVirginiaWisconsinIowaNew HampshireNew MexicoUtahVermontWest VirginiaTotalsPROPERTIES533519181717161413111098777665555444433333322222222111111349UNITS8,6712,0861,6541,9228121,9523,1321,2321,1411,1091,0306394901,2821,267655693244729507270878367277360230490451740272120211958255803562135052100201201726014337,898SUMMARY OF OPT-OUTSUnits 37,898Properties 349Average Rent Increase(%) 44%Source: National Housing Trust Data Clearinghouseexhibits51
Page 1 and 2:
LOCAL INITIATIVES SUPPORT CORPORATI
Page 3 and 4:
STEMMING THE TIDEA Handbook on Pres
Page 5 and 6: CONTENTSIntroductioniChapter One 1S
Page 7 and 8: chapter oneSubsidized Housing Prese
Page 9 and 10: payments where the project would co
Page 11 and 12: The reaction to HUD's proposal was
Page 13 and 14: In addition, there are special rule
Page 15 and 16: Over the past few years, new federa
Page 17: tions. However, the nonprofit purch
Page 20 and 21: may construe the IRP as an "old and
Page 22 and 23: owner converts to non-rental use or
Page 24 and 25: 6. MARK-TO-MARKET INCENTIVESHUD/OMH
Page 26 and 27: PROFORMA 4: NONPROFIT PURCHASE WITH
Page 28 and 29: chapter threeState and Local Preser
Page 30 and 31: after refusing to accept the housin
Page 32 and 33: Owner Assessments. Assessment of th
Page 34 and 35: StrategiesAdvocates brought the own
Page 36 and 37: 3. STATE AND LOCAL FUNDING INITIATI
Page 38 and 39: chapter fourResearching the Propert
Page 40 and 41: insured projects, this date is 20 y
Page 42 and 43: 2. MARKETUltimately, the conversion
Page 44 and 45: 3. OWNERSHIPThe owner of a HUD-assi
Page 46 and 47: Phantom Income. If the property is
Page 48 and 49: 4. FINANCIALProject finances will a
Page 50 and 51: FINANCIAL INFORMATION SOURCESProjec
Page 52 and 53: Most HUD-subsidized properties have
Page 54 and 55: Social IssuesWhat is the nature and
Page 58 and 59: EXHIBIT 4OMHAR PAE and Assigned Pro
Page 60 and 61: EXHIBIT 5HUD SECTION 8 DATABASE: SA
Page 62 and 63: EXHIBIT 7PREPAYMENT STATISTICS BY S
Page 64 and 65: EXHIBIT 9HUD SECTION 8 DATABASE: SA
Page 66 and 67: EXHIBIT 11HUD SECTION 8 DATABASE: F
Page 68 and 69: affordable housing preservation glo
Page 70 and 71: affordable housing preservation glo
Page 72 and 73: endnotesCHAPTER 11 This Chapter is
Page 74 and 75: CHAPTER 330 Much of the information
Page 76: LOCAL INITIATIVES SUPPORT CORPORATI
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lis 217 stemming the tide - LISC

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