State of Maine Housing Study
Maine State Housing Authority
HR&A worked with the Maine Governor’s Office of Policy Innovation to develop a study to understand housing needs and deficits along with their impacts on Maine’s economy. Our study found that 76,400–84,300 new homes need to be built within the next 7 years to maintain Maine’s economic growth.
For the last two decades, we have served as LA County Development Authority’s (LACDA) technical partner in executing their NOFA loan programs — reviewing and scoring dozens of detailed competitive developer proposals, conducting due diligence reviews, assisting applicants and County staff to finalize deal structures, drafting complex loan documents, providing project financing review, conducting loan evaluations, assisting with loan underwriting, coordinating with counterparties, calculating back-end tax liability, analyzing proposed loan modifications and re-syndications, and training staff. In addition to this work, HR&A served as the Los Angeles County Department of Mental Health (DMH)’s primary consultant for the Mental Health Services Act (MHSA) Housing Program from 2007 – 2019 to deploy the County’s $116 million share of the MHSA Housing program, which provides capital and operating subsidy loans for service-enriched, permanent supportive housing for homeless Angelenos.
Through HR&A’s work for the LACDA, more than 100 projects have received funding from its programs, which has been critical to securing federal low-income tax credits needed for total project financing. The County programs HR&A has helped support offer new permanent supportive affordable housing, targeted to a range of populations — including seniors, families, and transitional-age youth.
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HR&A helped designed a statewide shared appreciation revolving loan fund in California to provide down payment assistance for lower income borrowers by analyzing housing and homeownership trends across 10 regions in the state and set the potential lending parameters, resulting in over 2,000 new homeowners benefitting from the program.
HR&A co-led a multidisciplinary team developing an equitable transit-oriented development (ETOD) strategy for CapMetro's Project Connect, spanning 100+ station areas. Working with Austin Transit Partnership and the City of Austin, we created a comprehensive policy toolkit that minimizes displacement while maximizing economic opportunities for local residents and businesses.
HR&A is proud to support the Center for Fair Futures’ new report, Housing Justice for Young People Aging out of Foster Care in New York City, which lays out a five-year plan to provide 800 new homes for youth exiting foster care. The findings in this report present an opportunity for policymakers, service providers, and mission-driven investors to come together to prevent homelessness for a uniquely at-risk population.
HR&A supported San Diego State University to develop the vision and business plan for a 1.6 million square foot Innovation District at SDSU Mission Valley, a transformative mixed-use development on a 165-acre transit-oriented site. We guided master plan refinement and are supporting procurement of a developer for up to 500,000 square feet of research space, positioning SDSU to expand career opportunities for its 35,000 students while growing its $5.7 billion annual regional economic impact.
HR&A served as strategic partner and development advisor to Rice Management Company for The Ion and broader 16-acre Ion District in Houston, overseeing real estate and programmatic development. This comprehensive advisory role has successfully transformed a former Sears building into a thriving innovation hub while laying the groundwork for a 3-5 million square foot mixed-use innovation district that fosters an inclusive tech ecosystem and creates equitable economic opportunities.
HR&A has supported the Los Angeles Cleantech Incubator (LACI) since 2017 to drive investment and strategic partnerships across Los Angeles County to realize its goal of reaching 600,000 green jobs by 2050. HR&A’s collaboration with LACI began with a Green Jobs Study to quantify and characterize the green economy in Los Angeles County, essential for setting workforce goals and strategies.
