Yellow Springs Home Inc

OUR MISSION IS TO STRENGTHEN COMMUNITY AND DIVERSITY IN YELLOW SPRINGS AND MIAMI TOWNSHIP BY PROVIDING PERMANENTLY AFFORDABLE AND SUSTAINABLE HOUSING THROUGH OUR COMMUNITY LAND TRUST.

AFFORDABLE HOUSING DEVELOPMENT: IN 2023, YELLOW SPRINGS HOME, INC. COMPLETED PREDEVELOPMENT WORK ON A 32-UNIT PROJECT, THE CASCADES. SPECIFIC ACCOMPLISHMENTS INCLUDE SECURING FUNDING COMMITMENTS FOR PHASE I, EIGHT UNITS OF RENTALS SERVING SENIORS OF LOW-INCOME, INCLUDING A RESERVATION OF $1,469,017 IN FUNDING THROUGH THE COMPETITIVE HOUSING DEVELOPMENT ASSISTANCE PROGRAM THROUGH THE OHIO HOUSING FINANCE AGENCY. ADDITIONAL MILESTONES INCLUDE A PHASE I ENVIRONMENTAL SITE ASSESSMENT, BOUNDARY SURVEY, SOIL BORINGS, SITE MANAGEMENT, SECURING ZERO INTEREST FINANCING FOR PREDEVELOPMENT, A LEED SILVER DESIGN CHARRETTE, PROJECT MANAGEMENT PLANNING AND CRITICAL PATH ANALYSIS FOR CURRENT/FUTURE PROJECT PHASES, PREPARATION OF FINAL PLANS WITH ARCHITECTS AND CIVIL ENGINEERING, SECURED INTERIM AND PERMANENT FINANCING PREAPPROVALS, AND COMPLETION OF LANDSCAPING, UTILITY, AND STORMWATER MANAGEMENT PLANS. THE PROJECT IS INFORMED BY SIGNIFICANT PUBLIC INPUT INCLUDING 18 LISTENING... SESSIONS, A SENIOR-FOCUSED FORUM, NEIGHBOR ENGAGEMENT, PUBLIC INPUT MEETINGS, AND AN ONLINE SURVEY. GROUNDBREAKING FOR PHASE I IS ANTICIPATED IN 2024. MAJOR HOME REPAIR PROGRAMS: THE CAROL M. PETERSON HOUSING FUND (CMPHF) IS AN ANNUAL GRANT THAT ASSISTS HOMEOWNERS OF LOW-INCOME WITH EMERGENCY HEALTH, SAFETY, AND ACCESSIBILITY REPAIRS AND MODIFICATIONS. ADDITIONALLY, IN 2021, YELLOW SPRINGS HOME, INC. RECEIVED A TWO-YEAR $200,000 FUNDING AWARD THROUGH THE USDA RURAL DEVELOPMENT HOUSING PRESERVATION GRANT. IN 2023, YELLOW SPRINGS HOME, INC. COMPLETED FIVE USDA HOUSING PRESERVATION GRANT PROJECTS AND 14 CMPHF PROJECTS. TYPES OF MAJOR HOME REPAIRS INCLUDED: ROOF REPLACEMENT, ADDRESSING WATER DAMAGE ISSUES, INSTALLING AIR CONDITIONING, ACCESSIBLE SHOWER MODIFICATIONS, AND A HOST OF OTHER EMERGENCY REPAIRS AND ACCESSIBILITY MODIFICATIONS, BOOSTING THE LOCAL ECONOMY THROUGH THE USE OF LOCAL CONTRACTORS TO COMPLETE PROJECTS. CLIENT- AND COMMUNITY-FIRST PROGRAMS: YELLOW SPRINGS HOME, INC.S CLIENT-FIRST PROGRAM SERVES HOUSEHOLDS OF LOW-TO-MODERATE INCOME WORKING TO ACCESS AFFORDABLE HOUSING THROUGH HIGH-LEVEL, INDIVIDUALIZED FINANCIAL COACHING, HOMEBUYER EDUCATION, LOW-INTEREST MORTGAGE PACKAGING, POST-PURCHASE SUPPORT, RENTAL PROPERTY MANAGEMENT, AND SUPPORT SERVICES COORDINATION. IN 2023 NEARLY ALL CLIENT FIRST PROGRAM METRICS SAW SUBSTANTIAL GROWTH, LEADING TO ADDITIONAL CLIENTS SERVED. 63 NEW HOMEOWNERSHIP APPLICATIONS WERE RECEIVED. 18 LOW-INTEREST USDA 502-DIRECT MORTGAGE APPLICATIONS WERE PACKAGED. AN AFFORDABLE HOME WAS REPURCHASED TO SELL TO ANOTHER HOMEBUYER FAMILY OF LOW-TO-MODERATE INCOME. NINE HOMES WERE PURCHASED WITH USDA MORTGAGES. 12 CLIENTS COMPLETED EIGHT HOURS OF HUD-APPROVED HOMEBUYER EDUCATION. 14 RENTER HOUSEHOLDS OF LOW-INCOME WERE SUPPORTED THROUGH PROPERTY MANAGEMENT AND SUPPORT SERVICES COORDINATION. ADDITIONALLY, THE INCLUSIVE AND RESILIENT YELLOW SPRINGS COALITION FOUNDED AND CONVENED BY YELLOW SPRINGS HOME, INC. CONTINUED COLLABORATION WITH PARTNER AGENCIES TO SUPPORT DIVERSE COMMUNITIES BY IDENTIFYING AND REMOVING BARRIERS TO OPPORTUNITY AND SUCCESS. KEY ACTIVITIES INCLUDED IDENTIFYING FUNDING TO SUPPORT THE HOUSELESS POPULATION, DEVELOPING AND DISTRIBUTING AFFIRMATIVE MARKETING AND OUTREACH BROCHURES, AND THE CONTINUATION OF A LIVABLE, EQUITABLE, AGE-FRIENDLY COMMUNITY PLANNING PROCESS THAT HAS SPURRED NUMEROUS QUALITY-OF-LIFE IMPROVEMENT PROJECTS IN YELLOW SPRINGS.