Monthly News & Updates
New LHA Affiliate Partner
Golden State Pooled Trust
LHA member, North Bay Housing Coalition, expanded its scope of services over 10 years ago to include the creation and management of the Golden State Pooled Trust (GSPT). We are lucky to work closely with Stephen W. Dale, Esq., a well-respected estate planning attorney. He acts as the trustee for GSPT.
Under Steve’s direction, GSPT is one of the top pooled trusts in California and we pride ourselves on being strong advocates for persons with disabilities in California. It’s a natural fit for GSPT to support LHA and its mission.
New Financing Tool!
Clearinghouse CDFI is proud and honored to be a partner with the housing developers who serve people with developmental disabilities that comprise the Lanterman Housing Alliance (“LHA”). We have been an ardent supporter of LHA organizations, and have witnessed the resultant impact your members have had on increasing housing opportunities for former residents of the State developmental centers. As the State will continue to close additional facilities, we are aware of the need for broader financing solutions that would assist LHA.developers with continuing to create group home settings for individuals with developmental disabilities.
Our partnership with GSPT is off to a great start. We are collaborating on our first attorney event with Steve Dale. We willoffer continuing legal education credits to participating attorneys. Kristin and Norma will teach a session on working with LHA’s non-profit housing members..
There will be two focus groups for attorneys and financial professionals–the first one will take place on June 7th in Los Angeles. We will send the flyer and RSVP invite later this week.
We have a tentative date for the family focus group in Southern California on July 6th. There will be morning and evening sessions. We will send the flyers once all the details are confirmed.
Stay tuned for information on the Northern California focus groups to take place this summer.
National Housing Trust Fund
Housing – Funding for States from National Housing Trust Fund Announced
Last week, the Department of Housing and Urban Development (HUD) announced the first-ever allocations from the National Housing Trust Fund (NHTF) to the states. The NHTF is a new, dedicated source of funding for affordable housing primarily for people with extremely low incomes, a group that includes many people with disabilities. The NHTF is funded by a very small assessment on the volume of business of Fannie Mae and Freddie Mac, the federal government sponsored enterprises. This funding stream started up for the first time in 2015 and the first-ever state allocations under the NHTF total $174 million for 2016.
State allocations are based on five factors related to the severity of the housing crisis faced by very low income and extremely low income households in the state. The 2016 state allocations range from $3 million (the minimum amount possible, by law) to $10.1 million (to California). States now must develop spending plans for their NHTF dollars. Now is the time for disability advocates to contact the agency in their state that is in charge of developing the state’s NHTF spending plan to ensure that the plans address the urgent needs of people with disabilities for affordable, accessible, integrated housing in the community. Extensive resources on the NHTF and how to get involved in NHTF advocacy in your state are available from the National Low Income Housing Coalition and from HUD.
Achieving a Better Life Experience (ABLE Accounts)
The recently passed ABLE Act has interesting possibilities for housing. In California, the Treasurer’s office is responsible to roll out the policies and procedures on creating ABLE accounts. DDS and SCDD are also involved in an advisory capacity.
LHA member, Mary Eble, joined Steve Dale, Tony Anderson, and others on a webinar about how the ABLE accounts can be used–including housing. A replay will be available soon. We will send a link to it.
The State of Ohio is leading the charge on ABLE Accounts implementation. Also, California residents can use their ABLE program. Please go to their website for more information: www.stableaccount.com.