Housing Development Center

Programs

1. Housing and facilities developmenthdc's housing and facilities development team works with mission-driven organizations to finance, build, and renovate affordable housing and community facilities that serve people with lower incomes. Hdc assists with the development of all types of affordable housing, including multifamily rental, homeownership, and mixed-use developments. Hdc also assists with the development of healthcare, childcare, and other service facilities. Hdc's development services span all aspects and phases of project development, from planning and predevelopment through financial structuring and construction management. Hdc provides expertise in assessing and meeting compliance obligations associated with specialized affordable housing financing programs. In its 30-year history, hdc's housing & facilities development program has worked with mission-driven organizations to manage over 200 development projects in oregon and southwest washington. These projects have resulted in the development or preservation of more than 8,000 completed housing units and 350,000 completed square feet of community facility and commercial space. Together these projects represent over $1…

   $2,360,316 spent$3,099,342 earned by the program
   78% of program spending

2. Asset managementhdc's asset management team guides clients through the challenges of owning and managing affordable housing and community facilities over the long term. Hdc provides technical assistance and training to nonprofit organizations, housing authorities, and government entities. Hdc has helped project owners across oregon to preserve and improve the viability of tens of thousands of units of affordable housing, as well as to implement ongoing systems for effective asset management and oversight. Hdc's asset management services include property and portfolio assessments, property and portfolio repositioning, property transfers, year 15 exits, capital needs assessments, reserve analyses, systems development, and staff and board training.

   $568,370 spent$306,180 earned by the program
   19% of program spending

3. Hdc community fund. Llc hdc's wholly owned subsidiary, hdc community fund, llc (hdc community fund), was formed in august 2009. A certified community development financial institution (cdfi), hdc community fund provides loans to support the development and preservation of affordable housing and community facilities serving people with lower incomes. Hdc community fund's flexible, low-interest loans address needs that conventional lending programs don't. The loans target early project costs, such as feasibility assessment, land acquisition, and predevelopment, and they bridge short-term gaps in construction financing. Totaling $9.98 million to date, hdc community fund loans have supported the creation or preservation of 1,663 units of affordable housing and 57,085 square feet of service-facility space.

   $57,286 spent$53,726 earned by the program
   2% of program spending

4. Policy and industry support hdc believes in making the affordable housing delivery system more equitable, sustainable, cost efficient, and responsive to the people who use it. Hdc provides support to policy, innovation, and peer learning initiatives to advance these goals. Hdc's policy and industry support work has addressed challenges such as increasing minority contractor participation in affordable housing development, modeling creative strategies to lower affordable housing capital costs and climate impact, and planning for public resources to sustain existing affordable housing stock.

   $49,541 spent
   2% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,035,513.