Planning for Sustainable Affordable Housing OMSSAMMAH Housing Homelessness
Planning for Sustainable Affordable Housing OMSSA-MMAH Housing & Homelessness Resource Centre Forum Local Planning and the Future of Housing in Ontario March 27, 2014 Norm Tasevski Co-Founder and Partner Purpose Capital Stephen Giustizia Manager, Housing Services City of London
THIS PRESENTATION…. Agenda: 3 KEY STEPS: 1. KNOW THE WHY. . . Re-Thinking Need 2. KNOW THE WHAT. . . Re-Conceiving Opportunities, Directions and Goals 3. KNOW THE HOW. . Re-Orienting from “Needs” to “Goals”. A Re-THi. NK: 4. IMPACT INVESTING AND AFFORDABLE HOUSING HARNESS THE LEARNINGS FROM ANOTHER SM: 5. THE CHIMP, THE FROG, AND THE GOLDFISH
Step 1: The “WHY” Defining Need The Need – 1 st Lens (the one we know) A Growing Need for Available New Affordable Rental Housing Stock Challenged in meeting housing target outcomes GROWING NEED FOR AFFORDABLE HOUSING
Step 2: The “WHAT” Defining Value and Measures “Value” defines the needs into Measurable Areas for Outcomes Consider Housing’s Triple Bottom line… Social Environmental/ Community Economic - Creates long term safe affordable homes for those in need. - Focuses on sites that are integrated in communities and that meet environmental and community needs - Invests and attracts private funds toward local developments, employment, and skilled labour
Step 3: The “HOW”? The Path to Sustainable Development Land Tools Alignment - Broader Community and Corporate Plans New Financial Tools Development Tools and Incentives Competencies and Governance
Summary 1. WHY. . . The question most frequently asked. - A measurable difference - Specific outcomes - Linkage to needs, issues and strengths 2. WHAT. . A clear starting mandate and picture - A scalable solution - a starting point toward higher potential - A simple structure/governance model - Defined competencies/administrative tools 3. APPROACH/HOW - A clear business model - Focus on start-up and initial needs, plans, capacity, financials - What gets measured gets done. . . but goldfish don’t measure. - Creating the picture. . . use potential projects and initiatives
4: The Re. Think Creating the NEW Storyboard Now…a Re-Think…
Impact Investing and Affordable Housing Re-Thinking Need - A new “impact investor” lens The Tenant Lens The “Impact Investor” Lens The Re-Defined Need: How to make affordable housing an attractive investment opportunity!
Impact Investing and Affordable Housing Re-Thinking Opportunity - A new “impact investor” lens RETURN MEASUREMEN T INVESTMENT TYPE PLATFORMS AVERAGE TRANSACTION COST MARKET SIZE FINANCIAL CAPITAL IMPACT INVESTING PHILANTHROPY MARKETS (GIVING MARKETS) Financial Return Financial + Social Return Financial Performance Measurement Financial + Social Measurement Social Performance Measurement • Debt • Equity • Grants • Retail (mutual funds, online brokers) • Institutional (Exchanges, Alternative Trading Systems) • Retail (online micro finance) • Institutional (Impact Funds, emerging platforms) • Retail (offline channels, online giving, Donor Advised Funds) • Institutional (Foundations) About 5% About 10% About 30% FINANCIAL CAPITAL MARKETS SOCIALLY RESPONSIBLE INVESTING Social Screening and Shareholder Advocacy $50 Trillion $7 Trillion $0. 5 - $1 Trillion X $5 Billion $300 Billion SOCIAL CAPITAL MARKETS / MARKETS FOR GOOD
Impact Investing and Affordable Housing Re-Thinking Goals - A new “impact investor” lens A traditional portfolio… One view of II integration… A second view of of II integration… Philanthropic Debt Impact Investments Debt Real Estate Debt Commodities Real Estate Commodities Equity
5: THE LEARNINGS…. (With help from “The Nature of Things”) 1. Think like a CHIMP. . . Adapting and innovating - Look for new alliances and tools. 2. Warm the FROG slowly… or it will jump! Learn the value propositions, interests, and perspectives of other stakeholders. 3. Work with the GOLDFISH… We live amongst busy creatures with short memories, So, relentlessly repeat, repeat.
Questions?
- Slides: 12