10-16-2018 Item No. 7 Study Session on Homelessness - Taking Care of Everyone in the Silicon Valley - MidPen - PresentationTaking Care of Everyone
In the
Jan Lindenthal
October 16, 2018
Silicon Valley
MidPen: Who We Are
};>-Founded in Silicon
Valley
};>-Build more than
homes
};>-Trusted Partner
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What We Do
• Build beautiful
communities
• The right location: near
neighborhood amenities
Collaborative approach
Sound underwriting for
long term sustainability
The Problem is Real
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•
II
t~•l,
ur , -----,
,_ ' C H A RIT I ES H OUS I NG
Onizuka Crossing -Case Study
58 units of affordable family housing
• 1-3 bedrooms
• Includes 1 manager unit
• Managed by MidPen Housing
• 50% of units reserved for formerly homeless
• Permanent supportive housing under County's Pay
for Success Initiative.
Site Plan
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Apartment Types
Homeless
Apartments
24 1-BR
5 2-BR 5 2-BR
20 3-BR
Who we are Serving
Manager's
Units
1 2-BR
Minimum/Max Income: $10,650-$62,850/yr.
27 1 BR
11 2 BR
20 3 BR
$228-$981
$268-$1, 111
$300-$1 ,222
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M l Mi~r,~"!
Onizuka Crossings, Financing
Funding --Sources and Uses:
PERMANENT SOURCES:
Union Bank Tax Credit Equity
City of Sunnyvale Housing Mitigation Loan
City of Sunnyvale HOME Loan
County of Santa Clara HOME Loan
County of Santa Clara HOME Loan
CalHFA MHSA Funds
State HCD IIG Program
TOTAL
USES:
Land Acquisition
Hard Costs
Soft Costs
TOTAL:
Lessons Learned:
$23,254 ,078
$4 ,100,000
$1 ,300 ,000
$907,507
$232,493
$919 ,500
$1,565 .000
$32,278,578
$3 ,847 ,500
$21,171,591
$7 259 487
$32,278,578
• Long Term Operating Subsidy is Vital
~ Local Housing Authority
~ General assistance for residents
• Tenant Selection: Screening In
~ Balancing housing first with community
~ Requires collaboration
• Sustainable, Supportive Services
~ Intensive Case Management
~ Wrap around services
~ Funded from cash flow and contracts
~ Experienced local service partners
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MI Mi~f,E!"!
This is what success looks like
"I was able to get a bachelors. I was able to get
my m asters. An d now I'm registe r ed w ith the
sta te to get my clinical hours in soc ial work. I
trul y beli eve it·s because of MidPen that I've
been abl e to get to w here I am today, with wid e-
ope n opportun itie s for both myself and my
daughter."
-Jeare nna Fr ankli n, MidPen Reside nt
"A fter the gri evous loss of my wife triggered
tr a um a from my experience in Vietnam , I
sp iraled into alcohol ism, which led to my losing
my job and my h ome. I beca me homeles s.
Betwee n a beaut iful apartme n t and va lu ab le
services, M idPen gave me a second chanc e at
life. I'm sober and hea lthy and love
vo lun teeri ng in my commun ity. We need more
program s li ke th is."
-Ro n Rodriguez
Formerly H omeless U.S. Veteran and
Current Mid Pen Res i den t
Thank You!
Jan M. Lindenthal
jlind e n t h a l@mi d pe n-h ous in g .org
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