Hello Directors,
Staff has completed working on the development of a pilot program for Strategic AIM, which is our new production measurement tool. Strategic AIM stands for Strategic Affordability Impact Tool, and an initial version of the concept was known as QABAY, or Quality Adjusted Bedrooms Affordability Years. The reason for creating the tool was because members of the Real Estate Committee and staff desired a way for Strategic HFC to be able to quantify the mission impact of prospective projects and their contribution to overall organizational production goals, going beyond unit counts and giving consideration for a project's depth of affordability, length of restrictive covenants, bedroom mix, strength of its location, and its physical qualities within the built environment.
Staff have been working on developing this tool for several months. After receiving and incorporating some great feedback from the Real Estate Committee, we are launching the tool as a 6 month pilot program, after which we will evaluate its effectiveness and if any of the factors of Strategic AIM need to be adjusted.
Attached to this post is a primer we put together introducing Strategic AIM and providing some examples of how it would measure LIHTC and workforce housing projects.
Please let me know if you have any questions.
David Dinoff
Deputy Director (staff)
