A. Assessment and Analysis: 1. Review the ICHA’s analysis of the physical condition of the public housing units, including financial performance, and occupancy levels. 2. Define City’s objectives for Public Housing Repositioning. 3. Analyze the various HUD approved conversion options to determine the best option for the City considering operational sustainability, increased revenue, increased access to private capital, and continued service to our low income tenants with the fewest administrative hurdles. B. Stakeholder Engagement: 1. Determine key internal and external stakeholders including residents, staff and Council members. 2. Develop a stakeholder engagement strategy. 3. Conduct meetings and workshops to gather input and discuss potential impacts and provide a summary to the City. C. Financial Planning: 1. Develop a financial model to evaluate the feasibility and sustainability of the recommended conversion method. 2. Provide guidance on effectively expending reserves funds, as required, to reposition public housing units. 3. Identify potential funding sources and provide recommendations for leveraging public and private capital. D. Implementation Plan: 1. Prepare a detailed implementation plan outlining the steps necessary to reposition the public housing units to a HCV platform through the selected conversion option, including goals, metrics and a realistic timeline to complete each step of the repositioning. 2. Provide guidance on navigating HUD requirements and securing necessary approvals throughout the process. E. Repositioning: 1. Working with staff and HUD representatives, submit an application for repositioning to HUD. 2. Provide technical assistance until conversion process is completed successfully.
