Preservation Compact Collaborative Framework
The Preservation Compact
- Unique partnership includes public, private and community stakeholders who care about affordable rental preservation.
- Collaborative structure leverages diverse expertise to forge strategies.
- Information hub helps partners navigate and clarify preservation resources.
Partnership
The Preservation Compact is a collaboration of partners committed to preserving affordable rental housing. Partners include all levels of government – federal, state, county, city, housing authorities – as well as for profit developers, nonprofit developers, lenders, civic groups, and tenant advocacy groups.
The diversity of our partners is our strength: instead of working in isolation, a cross-sector of partners ensures broad support for successful strategies and policies.
The Compact is housed at Community Investment Corporation (CIC), a non-profit CDFI that has financed affordable rental housing for 35 years. With an exceptional platform of experience, CIC provides a vibrant, supportive atmosphere for the Compact.
Strategy Development
The Preservation Compact structure leverages partners to drive strategies
- A leadership committee is comprised of leading practitioners who:
- Identify preservation challenges and gaps in the marketplace,
- Guide strategy development, and
- Align Compact activities to reflect the marketplace.
- Working groups explore issues and shape new strategies. Each working group topic is grounded in research and analysis.
- Staff works with partners to complete tasks and serve as a resource.
Resource
The Preservation Compact serves as an Information Hub
- Program and resource expertise: The Compact translates complex preservation resources and models into usable, tangible tools for community groups and practitioners.
- Making connections: The Compact connects stakeholders who may not otherwise see eye to eye, or naturally cross paths in order to share information and collaborate. Effective preservation demands the whole picture – the tenant perspective, the developer’s spreadsheet, and the view from City Hall.
This Preservation Compact structure delivers:
- Concrete policies
- Innovative financing programs
- Affordable units being preserved, and
- One-stop shop for preservation information.