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FIVE YEAR SUPPORTIVE HOUSING PLAN <br /> FINAL REPORT <br /> • Master Leasing will be the primary method to create Safe Haven units over time. <br /> In this scenario, the project sponsor will execute a multiyear lease for an entire <br /> building from an owner. The lease payment should be sufficient to cover all <br /> ongoing operating expenses and debt service for the property. This option <br /> represents one of the most cost effective and time efficient methods to increase <br /> the number of Safe Havens by minimizing capital expenditures and long <br /> timelines associated with building acquisition and construction. <br /> • Rental Assistance is critical in creating Single Room Occupancy units and <br /> increasing the number of Supportive Living Apartments. HUD provides the major <br /> source of rental subsidies through its Shelter Plus Care and Single Room <br /> Occupancy Programs. These subsidies can be tenant-based, sponsor-based or <br /> project-based depending on program requirements, and they can be used to <br /> lease apartments in buildings that meet HUD's Housing Quality Standards. All <br /> rental subsidy programs are administered through Housing Assistance Payment <br /> contracts with the Decatur Housing Authority. Under tenant-based assistance, <br /> the tenant leases directly from the landowner, but with sponsor-based and <br /> project-based assistance, the sponsor may lease several units (or buildings) and <br /> sublet to tenants. The Decatur Housing Authority will also be requested to <br /> provide a limited number of Housing Choice ("Section 8") Vouchers, but their <br /> availability is doubtful, given national cutbacks in the Housing Choice Voucher <br /> program. <br /> • Acquisition and Rehabilitation of existing properties will be employed to create <br /> additional Single Room Occupancy units and Supportive Living Apartments. This <br /> option is more costly and depends on the availability of both development and <br /> rental subsidies. Given increasing development and operating costs, assessing <br /> project feasibility is essential in order to leverage public subsidies over the <br /> greatest number of units possible. Development subsidies are available at the <br /> PAGE S 1 <br />