HomeMy WebLinkAboutLift to Rise - Presentation5/21/2024
1
Together we rise.
2024-2026
Action Plan
Our North Star
Our Shared Goal
A future where all Coachella Valley families
are healthy, stable, and thriving.
Reduce rent burden in the Coachella Valley
by 30% through the production of 10,000
affordable housing units by 2028.
Our Shared Wins
1,200 units
under construction in
2024, up from 38
units/year pre-2018
$26 million
in loans obligated since 2021
to 11 community prioritized
projects sparking 891 units
1,787 residents
activated over the past
two years
We have the plan
The Action Plan is a roadmap co -created by members of our Housing
Collaborative Action Network, including staff members and elected
officials from Palm Springs, outlining collective contributions over the next
two years to achieve our SHARED GOAL of reducing rent burden by 30%
through the production of 10,000 affordable housing units by 2028.
By July 2026, have at least 7,500
new units of affordable housing
completed, under construction, or
set to be under construction within
six months with an emphasis on
units connected to early childhood
education (ECE) and improved
health equity.
Our two-year goal is...
Key Strategies
During strategic planning sessions, we identified
six key strategies of focus for the next two years.
1. Pipeline
2. Funding
3. Infrastructure
4. Policy Advocacy
5. Movement Building
6. Rapid Response
Pipeline
Identify 3,000 new units a year that meet
the criteria for the affordable housing
pipeline with an emphasis on those that
include connections to health and ECE and
move at least 50% of Pipeline projects to
development.
•Lift to Rise –Affordable Housing Pipeline portal
•There are many developments currently in the
Pipeline including two that have received Catalyst
Fund loans from us.
Funding
Address the funding bottleneck occurring due to scarcity
of low-income housing tax credits through increasing the
lending pool of We Lift: The Coachella Valley Housing
Catalyst Fund, the creation of alternative revenue
streams, changes to the current tax credit distribution
process, and innovative financing approaches.
•Lift to Rise –The We Lift: Catalyst Fund contributed to Aloe
Palm Canyon, Vista Sunrise II, and term sheets have been
sent out for a 6-unit community land trust homeownership
opportunity program run by NPHS
•Palm Springs contributed a support letter for Lift to Rise’s
successful application to SCAG’s REAP 2.0 program to
secure funding for the Catalyst Fund.
•We are hopeful the city will consider future investment
into the Fund to keep up the momentum in production.
Policy Advocacy
Move policy and regulation at the
municipal, state, and federal level to
enable more affordable housing
development.
•Lift to Rise works with State and Federal
legislative advocates to amplify prohousing
policies relevant to our region.
•We have eagerly supported the many
prohousing policy interventions introduced in
the city:
o TOT revenue allocation
o Inclusionary Zoning & Commercial Linkage Fees
o TB Rental Assistance
o ADUs
Infrastructure
Work with utility companies to ensure
affordable housing opportunities are not
limited by electric, gas, and sewer constraints.
•Housing supportive infrastructure
•Sustainable energy
•Lift to Rise is also working to get SCE, IID, and CVWD
all at the table for these discussions.
Movement Building
Through strategic communications and
resident engagement, we will build
greater public awareness and support
for affordable housing in the region.
•Lift to Rise –Resident Engagement Team:
Resident Leadership Table, Committees by
Cities, Community Advisory Committee
•Lift to Rise –Strategic Communications Team
Rapid Response
Advocate for a develop supports that can
help residents with emergency or chronic
housing needs.
•Lift to Rise –United Lift Rental Assistance Program
distributed more than $300 million keeping more
than 120,000 renters in their home
•Palm Springs data: $10,621,001.87 in assistance was
disbursed to 1,630 households
•Glad to see the investment into the city's own Tenant
Based Rental Assistance Program!
You have the power, Palm Springs!
•Congratulations on having a certified housing element! We are happy to see the
city implement many of those programs mentioned in the housing elements and
continue to offer our support.
•Thankful to have had city staff and city council members involved in the creation of
this plan and supportive of our work thus far. We encourage council members to
continue the collaboration with us as we execute the plan throughout the region, not
just in Palm Springs.
•We are asking that you all endorse our plan and join us in reaching our goal!
You all have the
power to ensure a
healthy, stable, and
thriving community
for all!
THANK YOU!
Connect with us!
contact@lifttorise.org / www.lifttorise.org / Facebook: @LifttoRise / Instagram:
@LifttoRise