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<title>Rick Jacobus</title>
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<modified>2010-03-16T00:23:52Z</modified>
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<id>tag:www.rjacobus.com,2010:/resources/5</id>
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<copyright>Copyright (c) 2010, Rick Jacobus</copyright>
<entry>
<title>The Asset Building Potential of Shared Equity Homeownership</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000648.html" />
<modified>2010-03-16T00:23:52Z</modified>
<issued>2010-03-16T00:10:57Z</issued>
<id>tag:www.rjacobus.com,2010:/resources/5.648</id>
<created>2010-03-16T00:10:57Z</created>
<summary type="text/plain">In this paper for the New America Foundation, we review the literature on homeownership as an asset building strategy for lower income households. We then present a real world case study, examining wealth building and household mobility among buyers of 424 resale-restricted, owner-occupied houses and condominiums developed by the Champlain Housing Trust (CHT) in Burlington, Vermont between 1988 and 2008. We conclude by comparing the asset building potential of shared equity homeownership to the rewards and risks associated with other strategies for helping lower income families to accumulate assets and build wealth.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><a href="http://www.rjacobus.com/resources/archives/Shared_Equity_Jacobus_Davis_1_2010%282%29.pdf"><img alt="Picture 6.png" src="http://www.rjacobus.com/resources/archives/Picture%206.png" width="378" height="487" /></a><br />
<a href="http://www.rjacobus.com/resources/archives/Shared_Equity_Jacobus_Davis_1_2010%282%29.pdf">Download PDF</a></p>

<p>In this paper for the <a href="http://assets.newamerica.net/home">New America Foundation</a>, we review the literature on homeownership as an asset building strategy for lower income households. We then present a real world case study, examining wealth building and household mobility among buyers of 424 resale-restricted, owner-occupied houses and condominiums developed by the Champlain Housing Trust (CHT) in Burlington, Vermont between 1988 and 2008. We conclude by comparing the asset building potential of shared equity homeownership to the rewards and risks associated with other strategies for helping lower income families to accumulate assets and build wealth.</p>]]>

</content>
</entry>
<entry>
<title>Brookings: Retail Trade as a Path to Neighborhood Revitalization</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_revitalization/000647.html" />
<modified>2010-10-27T22:16:54Z</modified>
<issued>2010-03-12T22:17:14Z</issued>
<id>tag:www.rjacobus.com,2010:/resources/5.647</id>
<created>2010-03-12T22:17:14Z</created>
<summary type="text/plain">Retail trade is a highly visible feature in a community, and is often a symbol of economic status. Terms like “upscale retail,” “strip mall,” or “big box store,” convey very different images of retail trade that are widely associated with economic prosperity, or the lack thereof.  But, does retail trade really revitalize run down or neglected neighborhoods? And if so, what are the mechanisms at work, the successful strategies, and necessary conditions that lead to success?  In “Retail Trade as a Route to Neighborhood Revitalization,” Karen Chapple and Rick Jacobus tackle these questions.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Revitalization</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><img alt="Picture 5.png" src="http://www.rjacobus.com/resources/archives/Picture%205.png" width="180" height="261" /></p>

<p><a href="http://www.amazon.com/Urban-Regional-Policy-Its-Effects/dp/0815702973">Buy the book on Amazon.com</a><br />
Download the chapter: <a href="http://www.rjacobus.com/resources/archives/Retail%20Trade%20Proof.pdf">Retail Trade as a Path to Neighborhood Revitalization</a> by Karen Chapple and Rick Jacobus</p>

<p><img alt="Picture 10.png" src="http://www.rjacobus.com/resources/archives/Picture%2010.png" width="210" height="270" />A condensed version of the chapter was also produced by UC Berkeley's Center for Community Innovation.</p>

<p>From the introduction:<br />
"Retail trade is a highly visible feature in a community, and is often a symbol of economic status. Terms like “upscale retail,” “strip mall,” or “big box store,” convey very different images of retail trade that are widely associated with economic prosperity, or the lack thereof.  But, does retail trade really revitalize run down or neglected neighborhoods? And if so, what are the mechanisms at work, the successful strategies, and necessary conditions that lead to success?  In “Retail Trade as a Route to Neighborhood Revitalization,” Karen Chapple and Rick Jacobus tackle these questions. They begin by defining the issues and expectations associated with retail development and neighborhood revitalization. The authors state that, from the perspective of residents, there are three types of neighborhood revitalization:  more access to services and opportunities for low-income populations; changes from a low-income neighborhood to a mixed income neighborhood (due either to an influx of newcomers or increases in incomes for local residents); and gentrification that gradually replaces existing low-income residents with more affluent newcomers.  Using a conceptual model, Chapple and Jacobus describe the relationship between retail development and neighborhood revitalization. </p>

<p>Their review of the literature finds mixed evidence for the assumption that low-income neighborhoods are underserved, and limited formal evaluation of the effects of retail development, especially with respect to overall neighborhood improvement. The authors acknowledge the challenges to evaluating retail development programs, such as their small scale, the variety of actors involved, and limited neighborhood level capacity. In reviewing the evidence, Chapple and Jacobus examine three broad strategies to retail revitalization: public-led retail development, private-led retail development, and commercial corridor revitalization.  Retail strategies variously target job creation, vacancy rates, private investment, public investment, tax revenues and property values, crime and safety, and community identity. In order to further explore the relationship between these retail development goals and neighborhood revitalization, Chapple and Jacobus provide a case study of the San Francisco Bay Area, analyzing the relationship between retail and neighborhood revitalization from 1990 to 2005 in a region with unusual increases in income inequality accompanied by significant revitalization.  They find that the way the retail sector changes is closely related to how the neighborhood changes, with increases in middle income residents (rather than gentrification or other forms of change) most closely associated with retail revitalization.  </p>

<p>The paper concludes with the suggestion that any large-scale impacts of retail development on community economic health occur indirectly, such as through changes in internal and external perceptions of the neighborhood and, ultimately, changes in neighborhood residential composition. But, the authors note that existing studies of the effectiveness of neighborhood retail development strategies have not explored these broader impacts. Chapple and Jacobus also recommend further research to address how outcomes for the poor are tied to the specific character of neighborhood change. Such research might suggest specific retail development strategies that are most likely to benefit the poor and lead to stable mixed-income communities without contributing to displacement of the poor."<br />
</p>]]>

</content>
</entry>
<entry>
<title>Center for American Progress: A Path to Homeownership</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000646.html" />
<modified>2010-03-12T22:17:10Z</modified>
<issued>2010-03-12T20:24:07Z</issued>
<id>tag:www.rjacobus.com,2010:/resources/5.646</id>
<created>2010-03-12T20:24:07Z</created>
<summary type="text/plain">Homeownership continues to provide real social and economic benefits and remains a high priority for most American families, but the United States is experiencing significant declines in the ownership rate for the first time in decades. What we need is greater availability of targeted purchase assistance programs that address wealth barriers to homeownership.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>Building a More Sustainable Strategy for Expanding Homeownership</p>

<p><img alt="Picture 2.png" src="http://www.rjacobus.com/resources/archives/Picture%202.png" width="268" height="333" /><br />
<a href="http://www.rjacobus.com/resources/archives/shared_equity.pdf">Download Report</a></p>

<p><br />
Homeownership continues to provide real social and economic benefits and remains a high priority for most American families, but the United States is experiencing significant declines in the ownership rate for the first time in decades. What we need is greater availability of targeted purchase assistance programs that address wealth barriers to homeownership.</p>

<p>Event Video:<br />
<object width="400" height="300" data="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" type="application/x-shockwave-flash"><param name="movie" value="http://www.americanprogress.org/images/rd2/flash/flowplayer.commercial-3.0.5.swf" /><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="flashvars" value='config={"key":"#@fae15a997f67f7892e5","clip":{"autoPlay":false,"autoBuffering":false,"url":"http://images2.americanprogress.org/CAP/2010/02/022410.mp4"},"playlist":[{"autoPlay":false,"autoBuffering":true,"url":"http://images2.americanprogress.org/CAP/2010/02/022410.mp4"}]}' /></object></p>

<p>For more about this event, visit the <a href="http://www.americanprogress.org/issues/2010/02/shared_equity.html">Center for American Progress</a>.</p>]]>

</content>
</entry>
<entry>
<title>Hemet considers new ways to boost housing</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000645.html" />
<modified>2009-09-08T19:24:06Z</modified>
<issued>2009-09-05T21:40:43Z</issued>
<id>tag:www.rjacobus.com,2009:/resources/5.645</id>
<created>2009-09-05T21:40:43Z</created>
<summary type="text/plain">Community land trusts are nonprofit, community-based housing organizations that acquire land through purchases or donations and hold it in perpetuity, said Rick Jacobus, an Oakland-based consultant hired to look into forming the land.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>Hemet considers new ways to boost housing</p>

<p>10:00 PM PDT on Tuesday, September 1, 2009</p>

<p>By MICHAEL PERRAULT<br />
The Press-Enterprise</p>

<p>Hemet officials may have a new tool next month to create affordable housing: a community land trust.</p>

<p>Community land trusts are nonprofit, community-based housing organizations that acquire land through purchases or donations and hold it in perpetuity, said Rick Jacobus, an Oakland-based consultant hired to look into forming the land.</p>

<p>The land is then leased to the homeowners for as long as 99 years, cutting the overall cost of homes and helping to promote affordable housing.</p>

<p>The trust could also work with lenders to reduce mortgage costs by using equity of the land as part of the mortgage calculation.</p>

<p>"By retaining ownership of the land, the city is sort of a silent partner," Jacobus said.</p>

<p>Hemet could screen potential homebuyers and tenants while ensuring homes are adequately maintained and occupied by working families instead of being bought up by investors, Jacobus said.</p>

<p>Another option Hemet City Council may consider is joining forces with a non-profit affordable housing developer, said Adam Eliason, president of CivicStone, a Chino-based consulting firm that advises cities on how to develop affordable housing.</p>

<p>Eliason and Jacobus have been asked to work the city's housing authority to develop a business plan to boost affordable housing options, stabilize blighted neighborhoods and reduce absentee ownership.</p>

<p>Hemet officials want to buy and fix up foreclosed properties and sell them to working families. The city plans to use nearly $3 million awarded by the U.S. Housing and Urban Development Department's Neighborhood Stabilization Program, said Mark Trabing, Hemet housing manager.</p>

<p>Hemet has teamed up with Moreno Valley to apply for a second round of federal funding, Trabing said.</p>

<p>The city council teamed up in July with two nonprofit housing groups to improve their chances of receiving about $10 million in additional federal Neighborhood Stabilization grants.</p>

<p>Hemet is awaiting word whether it will receive about $3 million more to be used to purchase and renovate homes for resale, rent or redevelopment and to demolish blighted structures.</p>

<p>Hemet's land trust would likely be governed by a board of directors representing people who lease the land, as well as surrounding neighbors, public officials, nonprofit housing providers and social services.</p>

<p>Land trusts have sprouted up in cities such as Madison, Wis., where teachers, police and other workers with modest, middle-class incomes were priced out of neighborhoods.</p>

<p>A land trust could give Hemet a chance to be involved on an ongoing basis, helping neighborhoods break out of "boom and bust cycles" that have left residents facing foreclosures.</p>]]>

</content>
</entry>
<entry>
<title>SF Chronicle: Coffee Shops Perk Up Streets</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_revitalization/000643.html" />
<modified>2008-12-09T19:27:11Z</modified>
<issued>2008-12-09T19:16:41Z</issued>
<id>tag:www.rjacobus.com,2008:/resources/5.643</id>
<created>2008-12-09T19:16:41Z</created>
<summary type="text/plain">Cafes revitalize neighborhoods by providing safe gathering places, drawing other businesses
Neighborhoods like North Beach and Noe Valley are teeming with coffee shops, but head south and you&apos;re likely to find people clamoring for a cafe.  In recent years, these businesses have become a key part of community efforts to revitalize commercial strips, arguably the most visible and telling element of any neighborhood. Coffee shops offer a safe, warm gathering place for neighbors, bring foot traffic to areas that need it, and tend to reflect the flavor of a community.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Revitalization</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>Coffee shops perk up streets; SAN FRANCISCO; Cafes revitalize neighborhoods by providing safe gathering places, drawing other businesses</p>

<p>Marisa Lagos, Chronicle Staff Writer<br />
The San Francisco Chronicle (California)<br />
October 25, 2008</p>

<p> <img src="http://imgs.sfgate.com/c/pictures/2008/10/24/ba-cafes25_ph1_0499302216.jpg" alt="Pat Vayaphat (left) and Jason Stewart are frequent patron... (Michael Macor / The Chronicle)" /></p>

<p>Neighborhoods like North Beach and Noe Valley are teeming with coffee shops, but head south and you're likely to find people clamoring for a cafe.</p>

<p>In recent years, these businesses have become a key part of community efforts to revitalize commercial strips, arguably the most visible and telling element of any neighborhood. Coffee shops offer a safe, warm gathering place for neighbors, bring foot traffic to areas that need it, and tend to reflect the flavor of a community.</p>

<p>Sometimes they also lead to some unexpected benefits. In the Bayview, for example, Javalencia coffee shop owner Servio Gomez parlayed the success of his Third Street business - and its open mike nights - into an adjacent gallery, which focuses on local artists. Mama Art Cafe in the Excelsior district also showcases local artists and musicians, and often opens its door for community meetings. And at Joe Leland cafe in Visitacion Valley, people stop by just to chat with owner Russel Morine, whose business is filled with posters for community events.</p>

<p>"There wasn't a cafe on Mission Street in the Excelsior when I first became supervisor in 2001," said Supervisor Gerardo Sandoval, adding that there are now three in the area. "It was one of the ideas that always came up when you sat down with a group and said, 'What would you like to see happen to the street?' I think that reflects a need that people have for community, and a space where they can come together and relax."</p>

<p>Draw for other businesses<br />
That's exactly what Portola district neighbors have been asking for, said longtime resident Irene Crescio.</p>

<p>"We've been trying to get a coffee shop on San Bruno Avenue for a good six, seven years," she said. "Once we get a business like that in, it will draw other businesses."</p>

<p>Cafes can help draw other businesses to an area previously seen as unsafe or untenable, agreed Rick Jacobus, a retail revitalization consultant who has helped efforts in the Excelsior and Portola districts.</p>

<p>"The presence or absence of different businesses telegraphs the success of a neighborhood," he said. "A retail area is a neighborhood's front door. It's the face they present to the outside world. If you have a coffee shop, it sends a message about what kind of neighborhood you have. ... It seems like it's successful, safe and desirable."</p>

<p>Later hours<br />
They also make nighttime businesses, such as restaurants, more likely to move in, he said.</p>

<p>"Cafes can have longer hours than other businesses," he said. "In the Excelsior, people wanted the commercial district to feel like a safe place, but it felt closed up at night. You can't just open up one restaurant and expect it to survive, but a coffee shop can stay open later and bring some eyes to the street."</p>

<p>That's exactly what Javalencia and Art94124 have done since opening this year on Third Street in the Bayview, said India Basin resident Kristine Ennea. That commercial corridor lost a number of businesses during the drawn-out construction of the Third Street Light Rail.</p>

<p>"It was sorely needed," Ennea said of the cafe. "In the Bayview, probably more than any other neighborhood, there's a perception of danger. If you have businesses clustered together, they start drawing in customers and people feel safe."</p>

<p>Gentrification fears<br />
The fear of gentrification is a real one, but neighbors say coffee shops, if done right, can actually bring together different groups that exist within neighborhoods. This is particularly the case when they are owned by community members, such as Morine, who grew up in the Bayview and has lived in Visitacion Valley for 12 years.</p>

<p>"It wasn't my goal to own a coffee shop," said Morine, who recently completed his master's degree in city planning from UC Berkeley. "But a cafe was the one thing the community wanted that we didn't have that was doable. It's a place for people to meet, sit and talk - and it's there every day."</p>

<p>All income strata<br />
Many communities list other businesses, including grocery stores and bookstores, right up there with cafes when they are trying to revitalize commercial corridors. But coffee shops are often more likely to materialize because they are fairly simple retail businesses, Morine said.</p>

<p>And, regardless of your ethnic or socioeconomic heritage, you can usually find something you like there, said Sandoval.</p>

<p>"There are often questions about who will pay $3 for a cup of coffee, that it won't be a lot of working-class people," he said. "But surprisingly, that's not the case - if you go into these cafes, you will find people from all economic stratums reading newspapers, using the Internet or talking to friends. People want a place to congregate and socialize."</p>

<p>Copyright 2008 San Francisco Chronicle All Rights Reserved</p>]]>

</content>
</entry>
<entry>
<title>Market Data Webcast for LISC Staff</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_revitalization/000640.html" />
<modified>2008-08-27T06:10:45Z</modified>
<issued>2008-08-27T05:36:51Z</issued>
<id>tag:www.rjacobus.com,2008:/resources/5.640</id>
<created>2008-08-27T05:36:51Z</created>
<summary type="text/plain">This webcast provided an overview of the ESRI Business Analyst Online tool for obtaining neighborhood market data. Presentation Handouts: Powerpoint Neighborhood Market Snapshot: Understanding the Data Bayview Materials: Bayview Market Conditions Overview San Francisco Grocerty Attraction Handouts Related items: Commercial...</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Revitalization</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>This webcast provided an overview of the ESRI Business Analyst Online tool for obtaining neighborhood market data.</p>

<p><strong>Presentation Handouts:</strong><br />
<a href="file:///Users/rickjacobus/Sites/HTML/ESRI/ESRIppt.pdf">Powerpoint</a><br />
<a href="file:///Users/rickjacobus/Sites/HTML/ESRI/Market%20Snapshot%20Guide.pdf">Neighborhood Market Snapshot: Understanding the Data</a></p>

<p><strong>Bayview Materials:</strong><br />
<a href="file:///Users/rickjacobus/Sites/HTML/ESRI/Appendix%20G%20Market%20Conditions%20Overview.pdf">Bayview Market Conditions Overview</a><br />
<a href="file:///Users/rickjacobus/Sites/HTML/ESRI/Bayview%20Grocery%20Store%20Opportunity%20Sites.pdf">San Francisco Grocerty Attraction Handouts</a></p>

<p><strong>Related items:</strong><br />
<a href="http://www.rjacobus.com/resources/archives/commercial_revitalization/000623.html">Commercial Revitalization Planning Guide</a><br />
<a href="http://www.rjacobus.com/resources/archives/commercial_development/000628.html">Grocery Store Attraction</a></p>]]>

</content>
</entry>
<entry>
<title>Asset Building and Affordable Homeownership</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000632.html" />
<modified>2008-05-20T00:43:21Z</modified>
<issued>2008-03-04T23:24:10Z</issued>
<id>tag:www.rjacobus.com,2008:/resources/5.632</id>
<created>2008-03-04T23:24:10Z</created>
<summary type="text/plain">Homeownership has historically offered the best asset building strategy available to middle class american families.  But homeownership has changed and is no longer available to many moderate income households.  Local government programs that seek to make ownership affordable however frequently choose to limit the price that homeowners can sell for in order to preserve affordability for future buyers.  But affordability protections are sometimes opposed by those who want to encourage homeowner wealth building.  These debates are really about the very purpose of affordable homeownership programs.  This 15 minute video presentation looks more closely at local affordable homeownership programs from the point of view of asset building.   Can affordable ownership programs be seen as asset building strategies?  How do they compare with traditional ownership?</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>Homeownership has historically offered the best asset building strategy available to middle class american families.  But homeownership has changed and is no longer available to many moderate income households.  Local government programs that seek to make ownership affordable however frequently choose to limit the price that homeowners can sell for in order to preserve affordability for future buyers.  But affordability protections are sometimes opposed by those who want to encourage homeowner wealth building.  These debates are really about the very purpose of affordable homeownership programs.  This 15 minute video presentation looks more closely at local affordable homeownership programs from the point of view of asset building.   Can affordable ownership programs be seen as asset building strategies?  How do they compare with traditional ownership?</p>

<p><embed src="http://blip.tv/play/oXoBAA" type="application/x-shockwave-flash" width="490" height="367" allowscriptaccess="always" allowfullscreen="true"></embed></p>

<p>Embed this presentation in your website:<br />
<input name="Embedbox" type="text" value="&lt;embed src=&quot;http://blip.tv/play/AbDtSAA&quot; type=&quot;application/x-shockwave-flash&quot; width=&quot;720&quot; height=&quot;570&quot; allowscriptaccess=&quot;always&quot; allowfullscreen=&quot;true&quot;&gt;&lt;/embed&gt;" size="30" /></p>

<p>Learn more:</p>

<p><a href="http://www.rjacobus.com/resources/archives/papers/000425.html">Shared Equity Transformative Wealth</a><br />
<a href="http://www.rjacobus.com/resources/archives/portfolio/000444.html">Resale Formula Comparison Tool</a></p>]]>

</content>
</entry>
<entry>
<title>Wealth Creation and Affordability in Inclusionary Housing</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/workshops/000631.html" />
<modified>2007-11-03T05:49:19Z</modified>
<issued>2007-11-03T05:20:39Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.631</id>
<created>2007-11-03T05:20:39Z</created>
<summary type="text/plain"> Inclusionary housing ordinances can produce vital community assets and valuable personal assets. Should the programs seek to preserve these community assets, or allow residents of the affordable units to reap the full rewards of homeownership?
This session examined various techniques for balancing these two important goals, including resale provisions that utilize
shared appreciation formulas and community land trusts.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Workshops</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><a href="http://www.rjacobus.com/resources/archives/Map1.png"><img alt="Map1.png" src="http://www.rjacobus.com/resources/archives/Map1.png" width="360" /></a></p>

<p><strong>Balancing Wealth Creation and Affordability</strong><br />
A workshop at the National Inclusionary Housing Conference<br />
October 31, 2007</p>

<p>Inclusionary housing ordinances can produce vital community assets and valuable personal assets. Should the programs seek<br />
to preserve these community assets, or allow residents of the affordable units to reap the full rewards of homeownership?<br />
This session examined various techniques for balancing these two important goals, including resale provisions that utilize<br />
shared appreciation formulas and community land trusts.</p>

<p>Moderator: Carla Robinson, Research Director, National Housing Institute, Montclair, New Jersey<br />
Rick Jacobus, Partner, Burlington Associates in Community<br />
Development, Oakland, CA<br />
Dev Goetschius, Executive Director, Housing Trust of Sonoma County, Petaluma, California<br />
Myrna Melgar, Director of Homeownership Programs, San Francisco Mayor's Office, San Francisco, California</p>

<p><img alt="Document Image" src="http://www.rjacobus.com/images/icons/resaletool_sm.gif" width="115" align="left" hspace="5" vspace="5" />Materials:<br />
<a href="http://www.rjacobus.com/resources/archives/portfolio/000444.html">Resale Formula Comparison Tool</a><br />
.<br />
.<br />
.<br />
.</p>

<p>Additional Resources:<br />
<a href="http://www.nhc.org/pdf/chp_se_strategies_0407.pdf">Preservation of Affordable Homeownership: A Continuum of Strategies </a></p>

<p><a href="http://www.rjacobus.com/resources/archives/papers/000425.html">Shared Equity, Transformative Wealth</a></p>

<p><br />
</p>]]>

</content>
</entry>
<entry>
<title>Best Practices in Administration and Oversight of Inclusionary Housing</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/papers/000630.html" />
<modified>2007-10-30T00:45:31Z</modified>
<issued>2007-10-30T00:26:03Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.630</id>
<created>2007-10-30T00:26:03Z</created>
<summary type="text/plain">This paper outlines some of the challanges of ongoing administration of Inclusionary housing programs and highlights the policies, procedures and systems that successful programs have been using to address these challanges.  The paper identifies common approaches to staffing these programs over time including partnerships with local consultants or nonprofit organizations and looks at scalable revenue sources to support the ongoing costs of administration. </summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Papers</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><img alt="IZAdminCover_sm.jpg" src="http://www.rjacobus.com/resources/archives/IZAdminCover_sm.jpg" width="160" height="207" align="left" hspace="5" vspace="5" /><br />
<strong>Delivering on the Promise of Inclusionary Housing:</strong> <br />
Best Practices in Administration and Oversight<br />
By Rick Jacobus for PolicyLink</p>

<p>This paper outlines some of the challanges of ongoing administration of Inclusionary housing programs and highlights the policies, procedures and systems that successful programs have been using to address these challanges.  The paper identifies common approaches to staffing these programs over time including partnerships with local consultants or nonprofit organizations and looks at scalable revenue sources to support the ongoing costs of administration. </p>

<p><a href="http://www.rjacobus.com/resources/archives/IZ%20admin%20article_bw_printing.pdf">Click here to download the PDF File (2MB).</a></p>]]>

</content>
</entry>
<entry>
<title>Administration of Inclusionary Housing Programs</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/workshops/000629.html" />
<modified>2007-11-03T05:12:17Z</modified>
<issued>2007-10-30T00:15:23Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.629</id>
<created>2007-10-30T00:15:23Z</created>
<summary type="text/plain">This panel at the National Inclusionary Housing Conference focused on the complex programs and systems necessary to successfully oversee inclusionary housing programs. It offered the audience a chance to learn from experienced administrators about what to anticipate, pitfalls to avoid, and partnerships that can make it easier.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Workshops</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>This panel at the <a href="http://www.inhousing.org/conf/">National Inclusionary Housing Conference</a> focused on the complex programs and systems necessary to successfully oversee inclusionary housing programs. It offered the audience a chance to learn from experienced administrators about what to anticipate, pitfalls to avoid, and partnerships that can make it easier.</p>

<p>Panelists:</p>

<p><strong>John Payne</strong><br />
Acting Deputy Director for Real Estate and Development<br />
Fairfax County, VA<br />
John.Payne@fairfaxcounty.gov</p>

<p><a href="http://www.fairfaxcounty.gov/rha/adu/aduprogram.htm">www.fairfaxcounty.gov/rha/adu/aduprogram.htm</a><br />
* Affordable Dwelling Unit Section of the County Zoning Ordinance<br />
* ADU regulations<br />
* Specifications for Prototype Affordable Dwelling Units<br />
* ADU Covenants (for sale and multifamily rental)<br />
* Rider to Residential Contract of Sale<br />
* Income Certification Forms</p>

<p><strong>Bonne Gabler</strong><br />
Housing Administrator, City of Petaluma, CA<br />
bgaebler@ci.petaluma.ca.us</p>

<p><a href="http://cityofpetaluma.net/cdd/housing.html">cityofpetaluma.net/cdd/housing.html</a><br />
    * Eligibiliy Criteria<br />
    * First Time Homebuyer Application<br />
    * Frates Square Flyer</p>

<p><strong>Annabel Yurutucu </strong><br />
Housing Officer, City of Sunnyvale, CA<br />
408-730-7698<br />
AYurutucu@ci.sunnyvale.ca.us</p>

<p><a href="http://sunnyvale.ca.gov/Departments/Community+Development/">sunnyvale.ca.gov/Departments/Community+Development/</a><br />
* BMR Administrative Procedures<br />
* BMR Purchase Waitlist Information<br />
* BMR Sales Prices</p>

<p><strong>Moderator: Rick Jacobus</strong><br />
Partner, Burlington Associates in Community Development</p>

<p><a href="http://www.BurlingtonAssociates.com">www.BurlingtonAssociates.com</a><br />
* Understanding Subsidy Retention<br />
* Designing Resale Formulas<br />
* Starting a Community Land Trust<br />
* Administration of Inclusionary Housing Programs</p>

<p>Handout:<br />
<a href="http://www.rjacobus.com/resources/archives/papers/000630.html">Delivering on the Promise of Inclusionary Housing: Best Practices in Administration and Monitoring.</a></p>

<p>See Also: <br />
<a href="http://www.rjacobus.com/resources/archives/homeownership/000627.html">Inclusionary Housing Production Study</a></p>]]>

</content>
</entry>
<entry>
<title>Grocery Store Attraction Symposium</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_development/000628.html" />
<modified>2007-11-03T06:03:27Z</modified>
<issued>2007-09-28T01:23:01Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.628</id>
<created>2007-09-28T01:23:01Z</created>
<summary type="text/plain">This one-day workshop/discussion brought together local government staff, community advocates, economic development practitioners, and others who are working to bring healthy food retailers to underserved, low-income, urban, or rural communities. 
</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Development</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><IMG  alt="Grocery Store Attraction and Development Symposium | November 1st, 2007" src="http://www.policylink.org/public/title.jpg" width=499><br />
<P class=style1 align=right>Sponsored by <A class=style5 href="http://www.policylink.org" target=new>PolicyLink</A> and <A class=style5 href="http://www.bayarealisc.org/" target=new>Bay Area LISC</A></P><br />
<P class=style1>This one-day workshop/discussion brought together local government staff, community advocates, economic development practitioners, and others who are working to bring healthy food retailers to underserved, low-income, urban, or rural communities. <br />
<BR><br />
The event provided an overview of the many obstacles that make new store development challenging and highlighted some of the emerging best practices that have made new stores possible in previously underserved areas. The emphasis of the event was on discussion of the real world challenges that participants are facing and potential strategies to overcome them.</P><br />
<u><strong><br />
Presenters Included: </strong></u><br />
<strong>Scott Whitney, Real Estate Director, Fresh and Easy Markets</strong><br />
British retailer Tesco is opening a new chain of grocery stores in America with a small format well suited to urban neighborhood sites. Among their initial California locations are several in lower income communities.</p>

<p><strong>Yael Lehmann, Executive Director, The Food Trust</strong><br />
TFT has led a concerted effort to bring grocery stores back to underserved communities throughout Pennsylvania. TFT has led high profile research into the need for stores which helped to convince the state to invest $20 million into a fund to finance new store development and support for existing independent grocers. </p>

<p><strong>Ertharin Cousin, LaVelle Cousin Issues Management </strong><br />
Ms. Cousin is a former senior vice president of public affairs at Albertson’s who now consults with national retailers on a variety of issues including bringing food stores to lower-income communities.</p>

<p><strong>Francis Spencer, Assistant Commissioner, Retail Chicago</strong><br />
Retail Chicago is a program of the City of Chicago that provides a comprehensive set of services designed to assist retailers in opening new stores in Chicago’s underserved neighborhoods. The program has successfully attracted several new supermarkets to Chicago’s lower-income neighborhoods. </p>

<p><strong>Michael Levine, Local Initiatives Support Corporation</strong><br />
In 1994 LISC created a private equity fund called The Retail Initiative to finance new retail centers in low-income urban neighborhoods that are anchored by supermarkets. LISC recently closed the fund after facing some significant challenges, but in the process learned important lessons that can inform other food store financing efforts. </p>

<p><strong>Gwendolyn Flynn, Los Angeles Community Health Councils</strong><br />
Community Health Councils, a nonprofit health promotion and health policy advocacy organization based in South Los Angeles, has engaged in a wide range of efforts to improve local access to healthy food. These efforts have included neighborhood assessments, conversations, and meetings with a wide range of stakeholders, and policy advocacy efforts.</p>

<p><strong>Introductory Powerpoint:</strong><br />
<img alt="SM_Slide1.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide1.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide2.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide2.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide3.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide3.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide4.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide5.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide6.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide7.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide8.jpg" width="360" height="270" /></p>

<p><img alt="SM_Slide9.jpg" src="http://www.rjacobus.com/resources/archives/SM_Slide9.jpg" width="360" height="270" /></p>]]>

</content>
</entry>
<entry>
<title>Inclusionary Housing Production Study</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000627.html" />
<modified>2010-03-30T05:33:50Z</modified>
<issued>2007-09-15T22:52:10Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.627</id>
<created>2007-09-15T22:52:10Z</created>
<summary type="text/plain">Affordable By Choice:Trends in California Inclusionary Housing Programs was commissioned by the Nonprofit Housing Association of Northern California, The California Coalition for Rural Housing, The San Diego Housing Federation and the Sacramento Housing Alliance.  The report details the findings of a statewide survey of local government agencies that have adopted inclusionary housing policies. </summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><img alt="Document Cover" src="http://www.rjacobus.com/images/icons/nphinclusionary07.jpg" align="left" hspace="5" vspace="5" />Written By Rick Jacobus and Maureen Hickey.</p>

<p><em>Affordable By Choice:Trends in California Inclusionary Housing Programs</em> was commissioned by the Nonprofit Housing Association of Northern California, The California Coalition for Rural Housing, The San Diego Housing Federation and the Sacramento Housing Alliance.  The report details the findings of a statewide survey of local government agencies that have adopted inclusionary housing policies.  Key findings include:</p>

<p>* Nearly one-third of California jurisdictions have inclusionary programs<br />
* More then 80,000 Californians have housing through inclusionary programs<br />
* Most inclusionary housing in integrated within market rate developments<br />
* Inclusionary housing provides shelter for those most in need<br />
* Lower-income households are best served through partnerships</p>

<p>Click here to download an <a href="http://www.rjacobus.com/resources/archives/NPHInclusionaryReport.pdf">exceprt of the report</a>. <br />
<a href="http://www.nonprofithousing.org/pdf_attachments/IHIReport.pdf"><br />
Download the full report</a></p>]]>

</content>
</entry>
<entry>
<title>Understanding Subsidy Retention</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/homeownership/000625.html" />
<modified>2007-09-15T23:01:55Z</modified>
<issued>2007-09-15T00:53:19Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.625</id>
<created>2007-09-15T00:53:19Z</created>
<summary type="text/plain"> This animated presentation was designed to help policymakers understand the economics of permanently affordable homeownership. The key to understanding the growing homeownership affordability challenge is the relative rates of change of housing prices and incomes.  I found that this idea was difficult to explain verbally but was easy for people to understand with the help of simple drawings. 
</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Homeownership</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>I created this interactive tutorial on the economics of permanently affordable housing after trying to explain these concepts to small groups with static PowerPoint slides.  The key to understanding the growing homeownership affordability challenge is the relative rates of change of housing prices and incomes.  I found that this idea was difficult to explain verbally but was easy for people to understand with the help of simple drawings.  To create the tutorial, I had to not only create the images and write the accompanying text but build a complex user interface to allow people to control the flow of the presentation and skip forward and backwards.  </p>

<p>The presentation has proven extremely popular and has been shown by myself and a number of other advocates to thousands of people at a series of housing and urban development conferences.  The latest version includes an imbedded voice narration.  The presentation can also be run without the audio with either full text narration on screen or with bulleted text for live presentations to groups. </p>

<p><br />
<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=7,0,0,0" width="470" height="376" id="ResumeHolder" align="middle"><br />
<param name="allowScriptAccess" value="sameDomain" /><br />
<param name="movie" value="http://www.burlingtonassociates.com/SubsidyRetention1.6BA.swf" /><br />
<param name="quality" value="high" /><br />
<param name="bgcolor" value="#ffffff" /><br />
<embed src="http://www.burlingtonassociates.com/SubsidyRetention1.6BA.swf" quality="high" bgcolor="#ffffff" width="470" height="376" name="ResumeHolder" align="middle" allowScriptAccess="sameDomain" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" /><br />
</object><br />
	  <br />
<a href="http://www.burlingtonassociates.com/SubsidyRetention1.6.BA.Txt.html">View Full Screen</a><br />
<a href="http://www.burlingtonassociates.com/SubsidyRetention1.6.BA.Talk.html">View with Voice Narration</a></p>

<p><br />
This animation is included on Burlington Associates Starting a CLT Multimedia Kit.  <em>The CD version can be run from a laptop without an internet connection. </em><br />
<a href="http://www.lulu.com/BurlingtonAssociates"TARGET="_blank"> <br />
<img alt="CD.bmp" src="http://www.burlingtonassociates.com/resources/archives/CD.bmp" width="139" height="142" /></a></p>

<p><a href="http://www.lulu.com/burlingtonassociates" Target="_blank">Click here to order the disk.</a></p>]]>

</content>
</entry>
<entry>
<title>Commercial Revitalization Planning Guide</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_revitalization/000623.html" />
<modified>2010-03-17T06:14:19Z</modified>
<issued>2007-09-09T06:03:02Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.623</id>
<created>2007-09-09T06:03:02Z</created>
<summary type="text/plain">This hands on guidebook is filled with detailed direction that will provide practitioners with a starting point for organizing comprehensive commercial district revitalization efforts. It takes the reader through each stage of revitalization from planning, research, and visioning to understanding the potential of the community, analyzing the business mix, marketing the assets, and implementing the work plan. The planning guide also provides a set of practical tools to assist in implementation.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Revitalization</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p>Written by: Rick Jacobus and Maureen Hickey</p>

<p>This hands on guidebook is filled with detailed direction that will provide practitioners with a starting point for organizing comprehensive commercial district revitalization efforts. It takes the reader through each stage of revitalization from planning, research, and visioning to understanding the potential of the community, analyzing the business mix, marketing the assets, and implementing the work plan. The planning guide also provides a set of practical tools to assist in implementation.</p>

<p><u>Table of Contents:</u><br />
Forward<br />
Urban Commercial Revitalization Programs<br />
Planning For Revitalization<br />
Identifying and Involving Stakeholders<br />
Developing a Community-Based Vision <br />
Compiling Building and Business Inventories <br />
Understanding Market Data<br />
Using Surveys and Interviews to Collect Local Market Data<br />
Assessing Crime and Community Safety <br />
Developing Business Attraction Goals <br />
Evaluate Streetscape Conditions<br />
Branding the District Identity <br />
Defining an Implementation Strategy<br />
Measuring Impact </p>

<p>Appendix A: Hiring a Market Analysis Consultant <br />
Appendix B: Resources <br />
References <br />
Acknowledgements </p>

<p><img alt="commercial-revitalization.jpg" src="http://www.rjacobus.com/resources/archives/commercial-revitalization.jpg" width="107" height="140"  /> <br />
<a href="http://www.lisc.org/content/publications/detail/6100/">Download a PDF of the book</a><br />
<a href="http://stores.lulu.com/cmas">Order a hard copy of this book </a>- $24.95<br />
<a href="http://stores.lulu.com/cmas">Order the Companion CD-Rom</a> - 9.95</p>

<p><br />
</p>]]>

</content>
</entry>
<entry>
<title>Joint Ventures with For-Profit Developers. A Guide for Community Development Corporations</title>
<link rel="alternate" type="text/html" href="http://www.rjacobus.com/resources/archives/commercial_development/000622.html" />
<modified>2007-09-15T23:23:00Z</modified>
<issued>2007-09-09T05:37:58Z</issued>
<id>tag:www.rjacobus.com,2007:/resources/5.622</id>
<created>2007-09-09T05:37:58Z</created>
<summary type="text/plain">
Joint ventures between community development corporations and for-profit partners present tremendous opportunities for CDC to build their skills and complete projects that are larger in scale and/or beyond their core competencies. However, there are a host of business issues raised by the prospect of a CDC co-owning or working closely with a for-profit on a project. This guide is designed to assist CDCs in becoming educated consumers as they think about, plan and become partners in joint ventures.</summary>
<author>
<name>Rick Jacobus</name>

<email>Rick@rjacobus.com</email>
</author>
<dc:subject>Commercial Development</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.rjacobus.com/resources/">
<![CDATA[<p><img alt="joint-ventures.jpg" src="http://www.rjacobus.com/images/icons/JVCover.jpg" align="left" hspace="5" vspace="5" /><br />
Written by Greg Maher, Rick Jacobus, Maegan Winning and Judy Turnock.<br></p>

<p>This guide is designed to assist CDCs in becoming educated consumers as they think about, plan and become partners in joint ventures with for-profit developers.</p>

<p>Joint ventures between a community development corporation ("CDC") and a for-profit partner present tremendous opportunities for a CDC to build its skills and complete projects that are larger in scale and/or beyond its core competencies. However, there are a host of business issues raised by the prospect of a CDC co-owning or working closely with a for-profit on a project. Many issues need to be carefully negotiated for the CDC to protect its financial integrity and credibility. Based on Greg Maher's 2005 memo, this guide is structured to assist CDCs in becoming educated consumers as they think about, plan and become partners in joint ventures with for-profit developers.</p>

<p><a href="http://www.rjacobus.com/resources/archives/file_joint_ventures_guide-New%20Cover.pdf">Download PDF file</a></p>]]>

</content>
</entry>

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