I WOULD LIKE TO CALL TO ORDER THE TUESDAY JANUARY 13TH HRA BOARD MEETING. FIRST ITEM IS THE APPROVAL
OF THE AGENDA. ARE THERE ANY EDITS OR CHANGES AND IF NOT MAY HAVE A MOTION TO APPROVE THE AGENDA SO MOVED MOTION MADE BY COMMISSIONER
DOUBLING HER SECOND AND SECOND BY COMMISSIONER CARTER ALL IN FAVOR WE HAVE TO DO A ROLL CALL VOTE COMMISSIONER WOOTEN
IS VIRTUAL ALL RIGHT, COMMISSIONER MUELLER I MEAN SURE DON'T BLINK YOUR RIGHT
CARTER I E C I ROBERTSON AND WILL IN I MOTION PASS ALL RIGHT MOTION PASSES 620 THE
NEXT ORDER OF BUSINESS IS WE HAVE A NEWLY APPOINTED COMMISSIONER WHO NEEDS TO TAKE THE OATH OF OFFICE. YES, CHAIR COMMISSIONERS, WE
HAVE SOMEONE FROM THE CITY CLERK'S OFFICE HERE TO DO THE OATH OF OFFICE WITH COMMISSIONER DANIELLE ROBERTSON WHO WAS APPOINTED AS OUR COUNCIL REPRESENTATIVE AT THE CITY COUNCIL MEETING LAST
WEEK ON JANUARY 5TH. MATT BRILLANT DEPUTY CITY CLERK HAPPY TO BE IN FRONT OF YOU TONIGHT I HAD THE HONOR OF SWEARING IN COUNCILMEMBER ROBERTSON LAST MONDAY SO WE'LL
DO IT AGAIN FOR COMMISSIONER ROBERTSON TONIGHT. PLEASE RAISE YOUR RIGHT HAND AND REPEAT AFTER ME. I DANIEL ROBERTSON I DANIELLE ROBERTSON DO SOLEMNLY SWEAR. DO SOLEMNLY SWEAR THAT I WILL
SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF MINNESOTA, THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF MINNESOTA AND FAITHFULLY DISCHARGE THE DUTIES OF THE OFFICE AND FAITHFULLY
DISCHARGE THE DUTIES OF THE OFFICE OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF BLOOMINGTON OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF BLOOMINGTON IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA IN THE COUNTY
OF HENNEPIN IN THE STATE OF MINNESOTA. TO THE BEST OF MY JUDGMENT AND ABILITY TO THE BEST OF MY JUDGMENT AND ABILITY. PERFECT. THANK YOU. THANK YOU
. CONGRATULATIONS. THANK YOU. AND BEFORE WE MOVE ON, IF I CAN JUST HAVE COMMISSIONER MOUA IN TO TURN ON YOUR VIDEO
THE WHOLE TIME OF THE MEETING ,COMMISSIONER WILL, IF YOU CAN JUST TURN IN VIDEO. THANK YOU SO MUCH , JIM
SORRY. COMMISSIONERS RACHEL TIERNEY, GENERAL COUNSEL FOR THE HRA. WE'RE JUST TAKING A MINUTE THE OPEN MEETING LAW REQUIRES THAT COMMISSIONER WOOTEN BE VISIBLE IN THE CHAMBERS AND THE VOTE
BE VISIBLE AND EVERYONE BE ABLE TO SEE AND HEAR EACH OTHER JUST FIXING THAT LITTLE TECHNICAL ISSUE. THANKS. GREAT. THANK YOU. ALL RIGHT. IT LOOKS LIKE WE'RE ALL ON
BOARD HERE SO WE HAVE ONE CONSENT ITEM AND THAT IS THE APPROVAL OF THE DECEMBER 9TH HRA BOARD MEETING MINUTES. SO DOES ANYONE WANT TO PULL
THIS FOR DISCUSSION? ALL RIGHT. HEARING NONE, I NEED A MOTION TO APPROVE THE CONSENT ITEMS SO MOVED MOVED BY COMMISSIONER
EASY SECOND AND SECOND BY COMMISSIONER OR DOUBLING OR CAN WE HAVE THE ROLL CALL VOTE ? >> COMMISSIONER MUELLER I W
ALL RIGHT, CARTER I E C I ROBERTSON WHO IN THIS I MOTION PASSED MOTION PASSES 6 TO 0.
NEXT ITEM IS NEW BUSINESS THE BLOOMING MEADOWS SOUTH AFFORDABLE HOUSING TRUST FUND LOAN DEFERRAL REQUESTS ME WE HAVE THE STAFF REPORT. THANK YOU, CHAIR
COMMISSIONERS, I'M CANDY MEYER ,HOUSING DEVELOPMENT SPECIALIST. NICE TO MEET YOU AND YEAH, THE ITEM FOR THIS EVENING IS A REQUEST FROM AND FOR DEFERRAL OF THE AFFORDABLE HOUSING
TRUST FUND LOAN WHICH IS BETWEEN THE HRA AND DOWN. SO I WANTED TO START WITH A LITTLE BACKGROUND FOR MANY OF YOU THIS WILL BE FAMILIAR BUT THIS PROPERTY IS BLOOMING
MEADOWS FORMERLY KNOWN AS VILLAGE CLUB THE YOU CAN SEE ON THE MAP HIGHLIGHTED IT'S IN THE SOUTH DISTRICT OF BLOOMINGTON AND BACK IN 2019 IT WAS A 306 UNIT
APARTMENT COMPLEX COMPLEX AT RISK OF PURCHASE AND CONVERSION FROM NATURALLY OCCURRING AFFORDABLE HOUSING TO MARKET RATE AND THEN CONTEXT FOR THAT TIME AROUND
2019 THERE HAD BEEN A VERY NOTEWORTHY AND SUBSTANTIAL CONVERSION OF A 700 UNIT APARTMENT BUILDING IN RICHFIELD THAT RESULTED IN DISPLACING OUT OF MANY HOUSEHOLDS FOR THAT SAME
REASON CONVERSION FROM A NATURALLY OCCURRING AFFORDABLE HOUSING TO MARKET RATE. SO WITH THAT CONTEXT AND APPROACHED THE CITY AND THE HOA TO REQUEST ASSISTANCE FOR THE ACQUISITION AND
PRESERVATION OF VILLAGE CLUB TO PRESERVE AFFORDABLE AND THE REQUEST ALSO INCLUDED FINANCING AND ASSISTANCE TO COMPLETE IMPROVEMENTS TO ADDRESS LIFE AND SAFETY
CONCERNS AND OBTAIN CODE COMPLIANCE FOR THE PROPERTY. AND THEN JUST FOR CONTEXT SO AND WE HAVE HERE THIS EVENING THAT THERE ARE NONPROFIT AFFORDABLE HOUSING PROVIDER OPERATING SINCE 1986 AND
THEY'VE BUILT PURCHASED OR RENOVATED NEARLY 5900 APARTMENTS AND TOWNHOMES AND WE DID INCLUDE THEIR IN A REPORT IN THE PACKET FOR 2024 SO THEY ARE OPERATING
CURRENTLY 409 AFFORDABLE HOUSING UNITS HERE IN BLOOMINGTON. SO THE CITY AND I'M NOT ABLE TO ADVANCE SLIDES. COULD YOU ADVANCE FOR ME PLEASE? THANKS.
TRY IT AGAIN. NOT QUIET. THERE YOU GO. THANK YOU. SO THE CITY IN THE HOA
PARTNERED IN 2019 TO ACQUIRE BLOOMING MEADOWS SOUTH AND COMPLETE THOSE IMPROVEMENTS THAT I MENTIONED. SO THOSE ARE LIFE SAFETY AND CODE COMPLIANCE IMPROVEMENTS AT THAT TIME AND INVESTED
AROUND 3.2 MILLION AND THOSE IMPROVEMENTS THERE AND TO DATE HAS ALSO MADE ORGANIZATIONAL CONTRIBUTIONS FOR DEBT SERVICE OPERATIONS STAFFING UNIT TURN COSTS AND THESE ARE ALL DUE TO
THE PROPERTY NOT SUPPORTING ITS OWN OPERATIONAL EXPENSES. SO THAT REPRESENTS EVEN AN ADDITIONAL INVESTMENT BEYOND THAT 3.2 NOTED HERE ON THE SLIDE. IN ADDITION ON CONSTRUCTED NEW
AFFORDABLE HOUSING UNITS ON THE SITE IN THE IF YOU LOOK BACK TO THE PREVIOUS SO OUTLINED IN RED ARE THE NEW APARTMENT UNITS AT 272 UNITS AND YOU'LL SEE IN THE TABLE AT
THE BOTTOM OF THIS SLIDE THE BREAKDOWN OF AFFORDABILITY IN THAT BUILDING WHICH IS CALLED BLOOMING MEADOWS NORTH. THERE'S A PICTURE OF IT THERE THAT COMPLEX BLOOMING MEADOWS
NORTH IS PROVIDING 17 OF THE 4,030% ARMY UNITS THAT HAVE BEEN BUILT IN BLOOMINGTON SINCE 2020 AND THAT'S THANKS TO SUPPORT OF PROJECT BASED VOUCHERS FROM THE HOA.
AND I'LL ALSO NOTE SO AFTER THE ACQUISITION OF BLOOMING MEADOWS SOUTH, THOSE 306 UNITS WERE THERE. AFFORDABILITY WAS PRESERVED AT 60% OF THE AREA MEDIAN INCOME
OR BELOW. IN REALITY A LOT OF THOSE UNITS ARE ACTUALLY RENTING AT EVEN DEEPER, DEEPER LEVELS OF AFFORDABILITY AND THE OCCUPANCY FOR THAT BUILDING HAS VARIED RECENTLY IN THE
LAST SIX MONTHS BETWEEN 9,095% OCCUPANCY. SO I MENTIONED ASSISTANCE FROM THE HOA AND THE CITY. SO THE PRIMARY FORM OF THAT ASSISTANCE WAS A $7 MILLION LOAN THROUGH THE AFFORDABLE
HOUSING TRUST FUND AND SINCE THAT LOAN WAS ISSUED PART OF THE THE NEGOTIATED SCHEDULE FOR REPAYMENT WAS TO REPAY 2 MILLION IN PRINCIPAL AND 1
MILLION IN INTEREST BY JANUARY OF 2023. SO THAT THOSE REPAYMENTS HAVE BEEN RECEIVED BY THE CITY IN NATURE AND SO YOU'LL SEE THE OUTSTANDING BALANCE THERE
IN THE TABLE FOR THAT $7 MILLION FOR THE HOUSING TRUST FUND LOAN THE ENTIRE COMPLEX SO THE PRESERVATION OF THE BLOOMING MEADOWS SOUTH AND THE NEW CONSTRUCTION OF BLOOMING
MEADOWS NORTH WAS ALSO SUPPORTED BY THE ESTABLISHMENT OF A TAX INCREMENT FINANCING DISTRICT. SO I'VE NOTED AT THE BOTTOM OF THE SLIDE WHERE THE REVENUES GENERATED BY THAT DISTRICT GO IN THIS PROJECT SO
THE PROJECTS IN ASIAN HAVE COME TO REQUEST DEFERRAL FOR THE LOAN PAYMENTS FOR THAT AN AFFORDABLE HOUSING TRUST FUND LOAN IN 2026. THERE ARE SOME THERE MULTIPLE
FACTORS THAT HAVE RESULTED IN THAT REQUEST. CHIEF AMONG THEM WERE SIGNIFICANT REVENUE LOSSES FROM THE COVID ERA SO THAT HAS CONTINUED TO IMPACT THIS
PROPERTY. THERE ARE A LOT OF SIGNIFICANT REVENUE LOSSES DURING THE EVICTION MORATORIUM AND THERE HAVE ALSO BEEN SIGNIFICANT LOSSES RELATED TO OPERATIONAL COSTS THAT WERE HIGHER THAN AVERAGE. SO UTILITY COSTS AND
IN ADDITION THERE ARE SEVERAL COMMON AREAS OF THE PROPERTY THAT ARE NO LONGER IN USE WHICH IMPACT MARKET ABILITY AND ARE PART OF THE REASON FOR THAT NOT BEING ABLE TO RENT UNITS CLOSER TO THAT 60%
LEVEL. SO WE'VE NOTED THOSE FACTORS HERE AND THE GOALS FOR THIS DEFERRAL ARE TO ALLOW FOR EXPLORATION OF A COMPREHENSIVE REFINANCING AND REHABILITATE
PORTION OF BLOOMING MEADOWS SOUTH. SO THE SENIOR LENDER FOR BLOOMING MEADOWS SOUTH HAS ISSUED A DEFERRAL FOR THEIR FOR THEIR SENIOR DEBT. SO ANOTHER GOAL FOR THE DEFERRAL OF THE INJURY LOAN
WOULD BE TO ALIGN WITH THAT ACTION OF THE SENIOR LENDER AND THEN THE DEFERRAL WOULD ALSO ALLOW FOR THE TIME FOR DECISION TO COME DOWN ON A
SIGNIFICANT COMPONENT OF THE EXTERNAL SUBSIDY THAT IAN IS SEEKING TO SUPPORT MOVING OUT OF SOUTH AND THAT IS THE COMMUNITY STABILIZATION FUND WHICH I'VE NOTED AT THE TOP
OF THE SLIDE IS OVER $20 MILLION AND THAT'S FROM MINNESOTA HOUSING. SO THIS IS PART OF THE THE AFFORDABLE HOUSING SUPPORT THAT WAS PASSED IN THE 2023 LEGISLATIVE SESSION.
SO IT'S JUST NOW BEING DEPLOYED. THERE IS AN RFP LATE 2025 AND DECISION WHAT WAS ACTUALLY ANTICIPATED ON THIS FUND IN DECEMBER OF 25.
BUT THE DECISION IS NOW EXPECTED IN FEBRUARY. SO THE DEFERRAL HERE ALLOWS FOR A DECISION TO COME SO THAT OUR KNOWS THIS THE RESULT OF THIS VERY SIGNIFICANT
COMPONENT. SO I MENTIONED AND IS WORKING WITH THEIR SENIOR LENDER TO EXPLORE THIS REFINANCE PROJECT THE CITY AND THE HRA APPROVED
A DEFERRAL OF THE 2025 AFFORDABLE HOUSING TRUST FUND LOAN PAYMENTS SO THAT WAS JANUARY OF LAST YEAR AND THEN ANOTHER SINCE THEN THE MET COUNCIL AWARDED THE PROJECT $2
MILLION SO THAT WAS IN PARTNERSHIP WITH THE HRA AND AND THE HRA APPLIED FOR FUNDS FROM THE COUNCIL FOR THAT REHAB COMPONENT OF THIS PROJECT AND DID RECEIVE 2 MILLION. AND SO AT THIS POINT THE
REQUEST WOULD BE FOR DEFERRAL OF THE TWO PAYMENTS IN 2026 EACH PAYMENT IS 197,722 AND $0.83 AND THE DEFERRAL
OF THESE PAYMENTS WOULD RESULT IN THE NEED FOR HOA LEVY FUNDS THAT HAVE BEEN SET ASIDE. SO THIS IS THE HALF MILLION IN HOA LEVY FUNDS THAT ARE SET ASIDE EACH YEAR THEY'RE SET
ASIDE IN THE BACKSTOP FUND IF THIS IF ANS PAYMENTS ARE DEFERRED THERE WOULD BE A NEED TO DRAW ON THESE LEVY FUNDS TO MEET THE CITY AND RAISE OBLIGATIONS TO OLD NATIONAL
BANK FOR ITS 2026 DEBTERVICE . SO FOR CONSIDERATION IS THE THIS REQUEST FOR DEFERRAL OF THE 2026 PAYMENTS.
IF THIS WERE APPROVED WE WOULD FINALIZE AND SIGNED DEFERRAL DOCUMENTS. SO THAT'S A LOAN AMENDMENT AND A REVISED PROMISSORY NOTE AND THOSE WOULD BE RECORDED ON THE PROPERTY AND THEN WE WOULD AWAIT DECISION ON THAT
SIGNIFICANT FINANCIAL SUBSIDY IN FEBRUARY AND ADDITIONAL SUBSIDIES THAT AN IS SEEKING IN SUPPORT OF THIS PROJECT AND I'VE ALREADY MENTIONED THAT
AND STAFF ARE HERE TO HELP ASSIST WITH QUESTIONS BUT I'VE LEFT THE RECOMMENDED MOTION ON THE SIDE. THANK YOU. QUESTIONS?
YEAH. I HAVE A QUESTION FOR ONE OF THE ON STAFF SO I UNDERSTAND THAT YOU GUYS ARE WAITING THE $20 MILLION COMMUNITY STABILIZATION FUND
BUT FROM MY UNDERSTANDING THAT ISN'T SOMETHING THAT'S GUARANTEED. IT'S KIND OF LIKE AN AWARD DECISION. SO MY QUESTION IS IS THERE A PLAN B FOR THE PROPERTY IF THE DEFERRAL IS GRANTED AND SOMETHING HAPPENS AND EFFORTS
ARE STALLED AGAIN AND IF SO, WHAT WOULD THAT PLAN B B PLAN B B OH YEAH, YEAH. THANKS FOR THAT QUESTION. MY NAME'S LAURA RUSS I'M MY
TITLE AT AON AS CHIEF REAL ESTATE OFFICER. I'M HERE WITH JUAN TORRES. HE'S DIRECTOR OF HOUSING DEVELOPMENT. WE HAVE PUT FORWARD THIS PLAN TO THE STATE IN HOPES THAT WE
WILL GET THIS GRANT. THAT'S ONE COMPONENT OF IT. THERE WILL BE OTHER STEPS AND OTHER FUNDS WE WILL NEED TO SECURE TO COMPLETE THAT THAT PLAN AS YOU NOTED THOUGH, THIS
IS KIND OF YOU KNOW, WHAT HAS DELAYED OUR DECISION AS TO THE PATH FORWARD FOR THIS PROJECT BECAUSE THESE STATE FUNDS ARE A CRUCIAL COMPONENT OF THAT. IF WE ARE NOT AWARDED THE
STATE FUNDS, WELL WE HAVE TO REEVALUATE THE OPTIONS. BUT AT THAT POINT IT IS LIKELY THAT WE WOULD THEN NEED TO PURSUE A SALE OF THE PROPERTY
AND THE QUESTIONS COMMISSION IF THE UNFORTUNATE HAPPENED THERE AND YOU NEEDED TO SELL WHAT WOULD BE THE PROTECTIONS FOR THE RESIDENTS AND
PROPERTY? >> YEAH THE WHEN AND PURCHASE THE PROPERTY WITH THE CITY THERE WERE COVENANTS PUT IN PLACE THAT RUN WITH THE
LAND TO ENSURE THAT A FUTURE OWNER WOULD MAINTAIN SOME DEGREE OF AFFORDABILITY WITH THOSE UNITS. JUST KEEP IN MIND WE'RE ONLY
TALKING ABOUT BLUE MEADOWS SOUTH HERE BLUE MEADOWS NORTH AS A SEPARATE LEGAL ENTITY AND WE'RE NOT THAT THAT WOULD NOT BE ON A LIKELY SALE PATH. SO THIS IS JUST SOUTH AND THERE ARE COVENANTS THAT RUN
WITH THE LAND FOR AFFORDABILITY THERE. THANK YOU CHAIR COMMISSIONERS I'M I ALSO JUST ADD THAT WE DO ALSO THE CITY ALSO HAS A AFFORDABLE HOUSING TENANT PROTECTION ORDINANCE IN PLACE
SO IF THERE WERE A TRANSFER OF OWNERSHIP THERE ARE SOME RULES AND RESTRICTIONS AROUND CHANGING OF CRITERIA OR SCREENING CRITERIA AND THINGS LIKE THAT AS WELL. QUESTION THANK YOU.
CHAIR SO THIS QUESTIONS PROBABLY MORE FOR STAFF IN YOUR CONVERSATIONS WAS THERE DID YOU GUYS EXPLORE JUST DEFERRING THE FIRST PAYMENT SINCE WE SHOULD HAVE A
DECISION IN FEBRUARY OR YOU SHOULD HAVE A DECISION IN FEBRUARY? YEAH. SHARON COMMISSIONERS WE DID AS KELLY MENTIONED THE SIX MONTHS BECAUSE OUR PAYMENTS ARE DUE EARLY IN THE YEAR.
THE SIX MONTH DEFERRAL INCLUDES BOTH PAYMENTS BUT ALSO DOES ALIGN WITH THEIR THE SENIOR LENDERS DEFERRAL ALSO YOU KNOW A LOT HINGES ON THIS DECISION ABOUT THE $20 MILLION
COMMUNITY STABILIZATION FUNDS AND THEN FOLLOWING THE RESULTS OF THAT DECISION THIS WAS A LITTLE BIT OF TIME TO DO SOME PLANNING AND THINK, YOU KNOW, KIND OF DO SOME MORE PLANNING FOR NEXT STEPS AND PUT OPTIONS
TOGETHER FOR FUTURE STEPS. SO THIS DOES GIVE US A LITTLE BIT MORE SPACE TO REACT DEPENDING ON WHAT THE DECISION IS. OKAY.
QUESTION COMMISSIONER WOOTEN SO I'M GOING TO GO IN A POSITIVE NATURE HERE. LET'S SAY WE ARE ABLE TO GET FUNDING. WE DON'T GET THE WHOLE 20
MILLION. IS THAT A POSSIBILITY TO STILL BE ABLE TO MOVE FORWARD? >> YEAH COMMISSIONERS I CAN TAKE THAT ONE. SO ABSOLUTELY YOU KNOW I THINK
WE PUT TOGETHER A REALLY STRONG APPLICATION THAT THESE FUNDS WERE DESIGNED FOR THIS USE. IT REALLY JUST COMES DOWN TO THE STATE OF MINNESOTA SO IT'S OUT OF OUR CONTROL. IT REALLY IS UP TO THE STATE
IF WE ARE AWARDED THOSE FUNDS. IT REALLY WE SEE IT AS REALLY THE THE THE FIRE STARTER FOR ALL THESE ADDITIONAL SOURCES. SO THE WAY SOURCES WORK IS ONCE YOU GET A COMMITMENT LIKE
THAT, EVERYTHING ELSE BECOMES A LOT EASIER TO SECURE. WE WERE HERE ABOUT SIX MONTHS AGO GETTING APPROVAL FOR FUNDING FOR THE CDA PROGRAM TO MEET COUNCIL.
WE RECEIVED THAT AWARD EQUAL TO $2 MILLION SO THERE IS ALREADY RESOURCES AVAILABLE FOR THIS REHAB EFFORT, THIS $20 MILLION. WE'RE REALLY JUST BE THE
MOMENTUM WE NEED TO GO AFTER ADDITIONAL RESOURCES REALLY THE BULK ACTUALLY OF THE OVERALL TOTAL DEVELOPMENT COST .
AND THEN THE QUESTION SO FOR DEVELOPMENT COST, IS THERE A CONTINGENCY BUILT IN FOR PRICE OVERRUNS INCREASES BASED ON
CONSTRUCTION? YES, THAT IS PRETTY STANDARD FOR OUR FINANCIAL MODELING. SO WE ALWAYS HAVE A PERCENTAGE
OF CONTINGENCY MADE AVAILABLE FOR PRICING INCREASES AND WE'RE ALSO EVALUATING THE TIMING OF A POTENTIAL CLOSING. SO OUR MODELING IS BASED OFF OF WHEN WE WOULD POTENTIALLY
START CONSTRUCTION . THERE ARE QUESTIONS COMMENTS . COMMISSIONER CARTER THANK YOU CHAIR SO I THINK WE ALL
PROBABLY RECOGNIZE THIS IS JUST NOT THE IDEAL SCENARIO BUT I THINK IT'S ALSO VERY OBVIOUS THAT THERE HAVE BEEN FACTORS THAT HAVE CONTRIBUTED TO THE SITUATION BEYOND THE
ANYBODY'S CONTROL INCLUDING THE PANDEMIC AND YOU'VE BEEN PROBABLY WHAT'S HAPPENING RIGHT NOW SO SO I GUESS I JUST WANT TO MAYBE REITERATE FOR
PEOPLE WHO ARE LISTENING THE IDEA IS BY SECURING THIS ADDITIONAL THESE ADDITIONAL DOLLARS TO REINVEST IN THE PROPERTY THEN AND WE'LL BE IN A BETTER POSITION TO GET
RENTS THAT ARE AT A HIGHER RATE AND BE ABLE TO KIND OF CLOSE THAT GAP IN THE OPERATIONAL COSTS TO RUN THE BUILDING AND IT WILL BE MORE SUSTAINABLE FINANCIALLY SUSTAINABLE. YEAH THAT THAT IS DEFINITELY
PART OF IT. ANOTHER PART IS THAT THESE HOMES NEED SUBSTANTIAL CAPITAL INVESTMENT AND BY SUBSTANTIAL I MEAN ALMOST A REPLACEMENT
LEVEL IS IS ESSENTIALLY WHAT WE HAVE PLANNED FOR AND BECAUSE THEY HAVE SUCH HIGH PHYSICAL NEEDS THAT HAS GREATLY IMPACTED THE OPERATING COSTS LEVEL WE ALSO NEED THEY
WERE PURCHASED AT A TIME WHERE VALUES WERE HIGHER THAN THEY ARE CURRENTLY SO WE NEED SOME ASSISTANCE TO REFINANCE THAT DEBT IN A WAY THAT MORE APPROPRIATELY MATCHES CURRENT DAY VALUES.
SO IT'S BOTH OF THOSE THINGS TO GET OPERATING COSTS TO A SUSTAINABLE PLACE OVER THE LONGER TERM BY HAVING UNITS THAT ARE YOU KNOW, NOT ONLY
IN BETTER PHYSICAL CONDITION BUT ALSO ARE AT A COST LEVEL THAT MATCHES BETTER WITH VACANCY IN OCCUPANCY. OKAY. AND THAT'S JUST A HELPFUL KIND OF JUST HELPFUL TO REITERATE
THAT. AND SO YOU KNOW, I REALLY I, I PLAN TO SUPPORT THIS PROPOSAL TONIGHT. AGAIN, NOT AN IDEAL SCENARIO.
I DO APPRECIATE THAT ALMOST ALL ORGANIZATION TOWNS LIKE YOURS ARE IN VERY SIMILAR POSITIONS WITH PROPERTIES ACROSS THE METRO AREA. IT'S A REALLY DIFFICULT MARKET
RIGHT NOW AND SO YOU KNOW AS WE HAVE A ROLE AS A PARTNER WE'VE OBVIOUSLY INVESTED IN THIS INITIATIVE WITH YOU GUYS AND SO YOU KNOW I THINK
IT'S IMPORTANT THAT WE YOU KNOW, THERE'S A REALLY BIG OPPORTUNITY IN FRONT OF US IN FRONT OF YOU GUYS. AND SO I THINK IF WE WERE TO NOT APPROVE IT TONIGHT I MEAN
THAT REALLY, REALLY I WOULD IMAGINE IT PUTS THAT $20 MILLION AT RISK. WOULD YOU AGREE WITH THAT? YEAH. I MEAN WE WON'T BE ABLE TO CLOSE ON ANY NEW FINANCING
INCLUDING GRANTS IF WE DON'T HAVE A LOAN THAT'S PAPERED TO MATCH REALITY. SO YEAH, A LOAN THAT IS NOT THAT HAS ESSENTIALLY EXPIRED
AND HAS NOT BEEN AMENDED IS KIND OF A STOPPING POINT FOR ANY FUNDER OF OF YOU KNOW, LENDER OR STATE FUNDS. YEAH AND I WOULD HATE FOR YOU
KNOW, OUR COMMUNITY TO MISS OUT ON THAT TYPE OF REINVESTMENT THAT COULD HAPPEN AND SIGNIFICANTLY IMPROVE THE PROPERTIES SIGNIFICANTLY IMPROVE QUALITY OF LIFE FOR THE RESIDENTS WHO LIVE THERE AND OBVIOUSLY MAKE THE PROPERTY MORE SUSTAINABLE
LONG TERM. SO SO I'LL BE SUPPORTING THE PROPOSAL TO NAME THANK YOU. I HAD MIXED FEELINGS ABOUT BEING IN THIS PLACE AGAIN.
YOU KNOW A YEAR LATER I'M STILL HERE I IN IN TALKING AND AND IN WEIGHING THE YOU KNOW IT'S LIKE ONE THING BUILDS UPON ANOTHER IF WE APPROVE THIS THEN YOU'RE ELIGIBLE FOR
THIS AND THIS. SO I, I UNDERSTAND ALL THAT AND I WILL BE SUPPORTING IT AS WELL. I JUST I KNOW NO ONE HAS CONTROL.
I JUST HOPE OR NOT HERE NEXT YEAR AND AND FROM WHAT I KNOW OF YOUR ORGANIZATION I KNOW THAT YOU'RE NOT JUST SITTING BACK, YOU KNOW, AND LIKE OKAY, THE CITY IS GOING TO BAIL US
OUT. I KNOW YOU'RE NOT DOING THAT. I THINK YOU HAVE REPRESENTED YOURSELVES VERY WELL. IT'S NOT A GOOD POSITION FOR ANY OF US TO BE IN AS
COMMISSIONERS, AS THE RESIDENTS OF YOUR BUILDING, AS YOUR ORGANIZATION. SO I JUST WANT TO ACKNOWLEDGE THAT THERE'S SO MANY FACTORS
GOING INTO THIS THAT YOU'D REALLY HAVE TO STUDY IT LIKE SOMEONE OUT THERE GOING WHAT DO YOU MEAN THEY'RE GOING TO VOTE FOR THIS? BUT IT'S A SOLID DECISION FOR
RIGHT NOW FOR WHERE EVERYONE'S AT. SO I APPRECIATE YOUR WORK ON THIS. THANK YOU AND THANK YOU. APPRECIATE THE CITY'S PARTNERSHIP AS WELL. LIKE YOU SAID, IT'S A SHARED CHALLENGE AND WE'RE DOING OUR
BEST TO COME UP WITH OPTIONS. BUT IT IS A DIFFICULT ENVIRONMENT. YOU KNOW? ANY OTHER QUESTIONS OR
COMMENTS? ALL RIGHT. WELL, HEARING NONE THEN I AM LOOKING FOR A MOTION TO ADOPT
RESOLUTION NUMBER 2026. DASH WILL FILL THAT IN LATER. OKAY. A RESOLUTION APPROVING DEFERRED PAYMENTS FOR THE BLOOMING MEADOWS SOUTH LAWN BE TAKEN IN THE HOUSING AND
REDEVELOP MENT AUTHORITY IN IN FOR THE CITY OF BLOOMINGTON AND SO MAY I HAVE A MOTION MOTION MOVED BY COMMISSIONER
ROOT AND SECOND BY COMMISSIONER DOUBLING HER AND NOW WE WILL HAVE THE ROLL CALL VOTE. COMMISSIONER MUELLER I DON'T
BULLINGER CARTER I E C I ROBERTSON I WILL WHEN I WRITE MOTION PASSES 6 TO 0. NEXT ITEM IS THE BRING IT HOME
RENTAL ASSISTANCE PROGRAM ADMINISTRATIVE PLAN AND MAY WE HAVE THE STAFF REPORT. GOOD EVENING CHAIR
COMMISSIONERS MY NAME IS VALENTINE ABDALLA. I'M A PROGRAM SPECIALIST TO FOR THE HRA. I'M PRESENTING TONIGHT ABOUT A MOTION TO APPROVE THE APPENDIX
TO THE HCV ADMINISTRATIVE PLAN FOR THE BRING IT HOME PROGRAM ON DECEMBER 24TH 2025 THE HRA EXECUTED A $2.6 MILLION GRANT CONTRACT WITH MINNESOTA
HOUSING FOR A TWO YEAR TERM. THIS CONTRACT COVERS PROGRAM ADMINISTRATION AS WELL AS STARTUP COSTS THE BRING IT HOME OR BE PROGRAM IS BUILT ON THE FRAMEWORK OF THE HOUSING
CHOICE VOUCHER HCV PROGRAM ADMINISTRATIVE PLAN WITH SOME MODIFICATIONS THAT WE WILL BE PRESENTING THIS EVENING FOR YOUR APPROVAL. THE PURPOSE OF THESE MODIFICATIONS IS TO CREATE
GREATER FLEXIBILITY STREAMLINE OPERATIONS AND EXPAND ACCESS FOR FAMILIES AT OR BELOW THE 50% AREA MEDIAN INCOME OR AM I WITH PRIORITY GIVEN TO
FAMILIES AT OR BELOW 30%? AM I WHO HAVE CHILDREN ? AS NOTED EARLIER, THE BRINGING HOME PROGRAM IS MODELED AFTER THE HCV PROGRAM INCORPORATING CERTAIN MODIFICATIONS THAT
WERE APPROVED BY THIS BOARD IN JANUARY OF 2025 AS WELL AS MINNESOTA HOUSING AND LATE 2025 THE BLOOMINGTON HRA WILL SERVE AS A PROGRAM
ADMINISTRATOR. ADDITIONALLY WE PLAN TO BUILD A PARTNERSHIP WITH HENNEPIN COUNTY SCHOOL TO HOUSING PROGRAM TO STRENGTHEN SUPPORT FOR REFERRED PARTICIPATING FAMILIES.
KEY MODIFICATIONS TO THE HCV ADMON PLAN FOR THE BRINGING HOME PROGRAM INCLUDE ALIGNING THE DEFINITION OF FAMILY WITH THE CODIFIED DEFINITION ADOPTED BY THE CITY.
WE ALSO PLAN TO ESTABLISH A SEPARATE WAITLIST FOR THE BRING IT HOME PROGRAM DISTINCT FROM THE EXISTING HOUSING CHOICE VOUCHER OR PROJECT BASED VOUCHER WAITLISTS. THIS SEPARATION IS NECESSARY
DUE TO THE DIFFERENCES IN PROGRAMMATIC RULES PARTICULARLY REGARDING PORTABILITY UNDER BRINGING HOME THE PARTICIPANTS WILL NOT BE ABLE TO MOVE OUTSIDE OF THE CITY OF BLOOMINGTON WITH THIS
VOUCHER. HOWEVER, APPLYING FOR THE BRING IT HOME WAITLIST OR PARTICIPATING IN THE PROGRAM WILL NOT AFFECT A FAMILY'S STATUS ON THE HCV OR PBB WAITLISTS. REGARDING OUR PARTNERSHIP WITH
HENNEPIN COUNTY SCHOOL TO HOUSING INITIATIVE, WE PLAN TO SET ASIDE 20 VOUCHERS FROM OUR TOTAL ALLOCATION TO IMPLEMENT THE SET ASIDE WE WILL USE A WAITING LIST PREFERENCE.
ONCE ENROLLED IN THE PROGRAM FAMILIES WILL RECEIVE 12 MONTHS OF SUPPORTIVE SERVICES THROUGH A NONPROFIT PARTNER IDENTIFIED BY SCHOOL TO HOUSING. ADDITIONALLY, WE PLAN TO
EXPAND THE TYPE OF IDENTIFICATION ACCEPTED TO VERIFY IDENTITY INCLUDING ITEMS AND OTHER VALID FORMS. THIS CHANGE DOES NOT ALTER OUR REQUIREMENT TO VERIFY CITIZENSHIP FOR ALL HOUSEHOLD
MEMBERS. PROJECT BASED VOUCHERS ARE JUST A LITTLE EXPLANATION OF THE DIFFERENCE OF HCV AND PBB PROJECT BASED VOUCHERS. THE ASSISTANCE IS TIED TO THE
UNIT VERSUS HOUSING CHOICE VOUCHERS WHERE THE ASSISTANCE IS TIED TO THE FAMILY. THEREFORE THE ASSISTANCE IS ENDED ONCE THE FAMILY MOVES OUT OF THE PROJECT BASED VOUCHER UNIT. WE'RE REQUESTING MODIFICATIONS
TO THE PROJECT BASED VOUCHER SECTION OF THE ADMIN PLAN AS LISTED HERE. SOME KEY TAKEAWAYS FROM THESE REQUESTS ARE REMOVE LIMITS ON THE NUMBER OF PROJECT BASED VOUCHER UNITS ALLOWED PER
PROPERTY FOR FUTURE DEVELOPMENT AND EXISTING UNITS . THIS CHANGE AIMS TO ENCOURAGE MORE LANDLORD PARTICIPATION AND INCREASE AVAILABLE HOUSING UNITS. ALLOWS ALLOWS MORE FLEXIBLE
FLEXIBLE PBB APPLICATION AND CONTRACTING FOR THE BRING IT HOME UNITS INCLUDING SIMPLIFIED PROCESSES. HRA DEFINED SELECTION CRITERIA AND RELAXED HUD REQUIREMENTS WHERE PERMITTED BY STATE AND
FEDERAL LAW PERMITS. THIS ALSO PERMITS PBB FUNDS FOR EXISTING RENTAL UNITS TO BE CONSIDERED LEGALLY COMMITTED FOR UP TO 120 DAYS AFTER SIGNING AN AGREEMENT
EVEN BEFORE THE FINAL CONTRACT IS EXECUTED. NO FUNDS ARE SPENT BEFORE WE BEGIN ISSUING RENTAL ASSISTANCE. THIS ALSO ALLOWS PROJECT BASED VOUCHER UNITS THAT MEET STATE
AND LOCAL STANDARDS OR HAVE PASSED PRIOR INSPECTIONS TO SKIP CERTAIN HUD SPECIFIC REVIEWS LIKE ENVIRONMENTAL OR SUBSIDY LAYERING IF NOT REQUIRED BY OTHER LAWS. AND ALSO TO CLARIFY A LOT
OF THE TIMES DEVELOPERS DO HAVE TO PERFORM THESE ENVIRON ENVIRONMENTAL STUDIES IN ORDER TO SECURE FUNDING ANYWAY. THE CURRENT POLICY KNOWN AS A FAMILY RIGHT TO MOVE ALLOWS A
FAMILY THAT HAS LIVED IN A PROJECT BASED UNIT FOR AT LEAST 12 MONTHS TO RECEIVE A HOUSING CHOICE VOUCHER TO MOVE UPON REQUEST. IF FUNDING IS AVAILABLE UNDER THE BRING IT HOME PROGRAM WE ARE REMOVING THIS PROVISION
FROM THE ADMINISTRATIVE PLAN. THIS MEANS THE HRA WILL NOT BE REQUIRED TO ISSUE A BRINGING HOME VOUCHER AFTER 12 MONTHS EVEN IF ONE IS AVAILABLE.
ALSO THE STATE OF THE BRINGING HOME PROGRAM HAS THE FRAMEWORK OF THE HOUSING CHOICE VOUCHER PROGRAM. WE ARE ASKING THAT THE BOARD APPROVES THE SAME PAYMENT STANDARDS FOR THIS PROGRAM AS THE HOUSING CHOICE VOUCHER
PAYMENT STANDARDS APPROVED BY THE BOARD IN DECEMBER OF 2025 . HERE ARE THE NEXT STEPS THAT WILL REQUIRE BOARD ACTION AND ENGAGEMENT IN THE NEXT FOUR MONTHS AND WE'RE LOOKING
FORWARD TO FURTHER DISCUSSION ON THIS MATTER. ON THE SCREEN IS THE RECOMMENDED ACTION AND I'LL TURN IT BACK TO CHAIR AND COMMISSIONERS FOR ANY QUESTIONS OR FEEDBACK. THANK YOU.
THANK YOU. ANY QUESTIONS, COMMENTS. I JUST NEED ONE CLARIFICATION. IT'S BACK A COUPLE OF SCREENS THE LEGAL ENCUMBRANCE AND 120
DAYS. CAN YOU EXPLAIN THAT JUST A LITTLE BIT MORE? >> SURE. YEAH, I'LL HAVE AN ELABORATE MORE THAN THAT. OKAY. I DIDN'T MEAN TO STUMP YOU TONIGHT.
>> OKAY. GOOD EVENING, CHAIR AND COMMISSIONERS. THANK YOU FOR THE QUESTION. SO THIS IS IN REGARDS TO A PROJECT THAT WE WOULD AWARD PROJECT BASED VOUCHERS TO.
THIS WOULD ALLOW US TO ESSENTIALLY ENCUMBER THOSE FUNDS FOR UP TO 120 DAYS. SO THAT WE CAN DEMONSTRATE TO THE STATE THAT WE'RE SPENDING THE DOLLARS WHILE WE'RE WORKING TO KIND OF GET THOSE
VOUCHERS ISSUED AND THINGS LIKE THAT. SO IT'S ANOTHER WAY OF DEMONSTRATING A PROGRAM FOR COMPLIANCE IF THAT MAKES SENSE.
THANK YOU . AND THIRD QUESTIONS COMMENTS. COMMISSIONER WOOTEN DO YOU HAVE ANY QUESTIONS OR COMMENTS
AT THIS TIME? >> OKAY. COMMISSIONER CARTER I THINK I MAY HAVE MISHEARD YOU. CAN YOU EXPLAIN THE FAMILY RIGHT TO MOVE PIECE AGAIN? SURE. SO CURRENTLY WITH HOUSING
CHOICE VOUCHER OR I'M SORRY THE PROJECT BASED VOUCHERS BASICALLY WHEN A FAMILY LIVES IN A PROJECT BASED UNIT FOR AT LEAST 12 MONTHS AND THEY CHOOSE TO MOVE IF THEY HAVE THE FUNDING AVAILABLE THEY
WILL ISSUE THEM A HOUSING CHOICE VOUCHER WITH THE BRING IT HOME PROGRAM. WE ARE REMOVING THAT. SO IF A FAMILY IS IN THE UNIT FOR 12 MONTHS AND DOES CHOOSE
TO MOVE WE ARE NOT REQUIRED EVEN IF THE FUNDING IS AVAILABLE TO ISSUE THEM OR BRING IT HOME VOUCHER. OKAY. SO KIND OF THE BRING IT HOME VOUCHER WOULD START WITH THE PROJECT AND THEN WOULD BE ISSUE TO THE NEXT FAMILY OR
WHOEVER IS IN THE BUILDING. CORRECT. OKAY. OKAY. THANK YOU FOR THAT. YEAH. SO I MIGHT JUST ADD CHAIR COMMISSIONERS, ONE KEY DIFFERENCE IN THE STATE FUNDED
PROGRAM FROM THE FEDERAL PROGRAM IS THAT THERE'S NO PORTABILITY WHICH MEANS THAT THE VOUCHERS CAN'T MOVE OUTSIDE OF BLOOMINGTON. THEY CAN'T MOVE TO A DIFFERENT CITY. THEY CAN'T MOVE TO ANOTHER STATE. AND SO, YOU KNOW, THAT KIND
OF DOES ADD SOME RESTRICTIONS TO HOW WE CAN OPERATE THE PROGRAM. AND SO SOME OF THESE MODIFICATIONS AROUND PROJECT BASED VOUCHERS ALLOW US TO
WORK WITHIN THAT FRAMEWORK . ANY OTHER QUESTIONS? COMMENTS. ALL RIGHT. THANK YOU. SO I'LL BE LOOKING FOR A
MOTION IN A SECOND TO APPROVE BRING IT HOME RENTAL ASSISTANCE PROGRAM APPENDIX TO THE 2026 HOUSING CHOICE VOUCHER ADMINISTRATIVE PLAN
AND APPROVE THE 2026 PAYMENTS STANDARDS FOR THE BRING IT HOME RENTAL ASSISTANCE PROGRAM . SO MOVE MOVE BY COMMISSIONER
DOLLINGER SECOND AND SECOND BY COMMISSIONER ROBINSON MAY WE HAVE THE ROLL CALL VOTE? COMMISSIONER MILLER I DON'T
BLINK CARTER YOU SAY I ROBERTSON I WILL WIN I I. >> ALL RIGHT. MOTION PASSES 620.
NOW WE'RE ON DISCUSSION ITEMS . FIRST ONE IS THE 2026 DRAFT WORK PLAN DISCUSSION. ADMINISTRATOR EIGHT IT'S ALL RIGHT.
>> OH, CAN I HAVE A CLICK? YES, THANK YOU. THANK YOU. ALL RIGHT. SHARON COMMISSIONERS OKAY, SO
AS YOU ALL KNOW ANNUALLY AT THE ACTUARIES ANNUAL MEETING WHICH IS THE FIRST MEETING IN FEBRUARY THE 2ND TUESDAY OF FIRST MEETING WE APPROVE A WORK PLAN FOR THE UPCOMING YEAR FROM FEBRUARY TO
FEBRUARY. AND SO AHEAD OF THE DISCUSSION IN AT THE ANNUAL MEETING IN FEBRUARY THIS IS AN OPPORTUNITY TO TALK A LITTLE BIT MORE ABOUT THE GOALS THAT ARE IDENTIFIED IN THE WORK
PLAN AND SEE IF THERE'S ANYTHING THAT THE THE BOARD WOULD LIKE, ADDED OR REMOVED AND KIND OF JUST HAVE A LITTLE BIT OF A DISCUSSION AROUND THE BOARD'S GOALS FOR NEXT YEAR. AND SO I'LL DO A QUICK SUMMARY
INCLUDING SOME OF THE THINGS WE ACCOMPLISHED IN 2025 THAT ALLOW US TO HAVE SOME SPACE FOR OTHER PRIORITIES AND 26 SOME OF OUR ONGOING MULTIYEAR PROJECTS AND THEN SOME OF THE
RECOMMENDED ADDITIONS FOR 2026. >> AND I'LL ALSO KNOW YOU KNOW AS YOU KNOW FROM HOUSING CHOICE VOUCHERS AND THINGS LIKE THAT THERE'S A LOT OF DAY TO DAY WORK THAT THE HRA DOES.
SO YOU KNOW, ISSUING LOANS, PROCESSING PAPERWORK, DOING REPORTING, MANAGING PROPERTIES THOSE AREN'T REFLECTED HERE. SO THIS IS JUST A CONVERSATION ON THE STRATEGIC PRIORITIES WE'LL DO REPORTING ON ALL
OF THAT AT THE ANNUAL MEETING. SO AND I KNOW THERE'S A LOT OF WORDS IN THE NEXT FEW SLIDES. AGAIN, I WON'T GO TOO MUCH INTO DETAIL ON THESE BECAUSE WE'LL TALK ABOUT A LITTLE BIT
MORE AT THE ANNUAL MEETING. BUT YOU KNOW SOME MAJOR ACCOMPLISHMENTS OF 2025 THAT ARE COMING OFF THE WORK PLAN, THE HEIGHTS THAT WAS A HUGE INITIATIVE AND A LOT OF STAFF TIME AND EFFORT AND
DISCUSSIONS FROM THE HRA AND THE CITY COUNCIL AND A LOT OF WORK WENT INTO THAT. IT IS NOW MOVING FORWARD AND STARTING WITH CONSTRUCTION AND SO WE ANTICIPATE THE WORKLOAD ON THAT TO DECREASE. WE IMPLEMENTED A NEW SOFTWARE
TO ISSUE OUR HOME REHAB LOANS. WE APPROVED A FRAMEWORK FOR THE LOCAL AFFORDABLE HOUSING AID THAT WAS DESIGNATED TO THE HRA TO ADMINISTER THE HRA AND THE CITY COUNCIL BOTH APPROVED THAT FRAMEWORK AND HOW TO
SPEND IT AND WE WORKED ON CAPITAL IMPROVEMENT PLANNING FOR OUR OWN PROPERTIES. WE DID A NUMBER OF POLICY AND PROGRAMMATIC UPDATES SO UPDATING OUR HOME IMPROVEMENT LOAN MANUAL RENTAL HOMES FOR FUTURE HOMEBUYERS.
WE ALSO DID SKIPPING DOWN TO THE SECOND TO LAST BULLET THERE WE HAD A COUPLE OF FIVE YEAR PLANS THAT WE REVIEWED STORY REVIEWED AND MODIFIED LAST YEAR SO OUR CDBG FIVE YEAR CONSOLIDATED PLAN, OUR FIVE YEAR HOUSING CHOICE
VOUCHER REVIEW OF THE ADMIN PLAN AND SO QUITE A FEW POLICY REVIEWS. WE ALSO LAUNCHED THE THE CONSTRUCTION IN PARTNERSHIP WITH HABITAT FOR HUMANITY
OF THE TWO SINGLE FAMILY HOMES WITH ADUS AT 93 PARK AVE AND I JUST DROVE BY THERE THIS MORNING I WILL SAY THEY'RE LOOKING GREAT. I HIGHLY RECOMMEND TAKING A DRIVE FAST. WE ALSO ISSUED AN RFP OR
REQUEST FOR PROPOSALS FOR SOME OF OUR FEDERAL FUNDING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING AND WE ALSO DID A AN ANALYSIS OF THE HOUSING MARKET AND SOME OF THE COSTS
ASSOCIATED THERE WHICH WILL BE PRESENTED TO BOTH THE HOA AND THE CITY COUNCIL IN EARLY 2026 . THESE ARE SOME OF THE MULTI-YEAR PRIORITIES.
SO THESE ARE PRETTY LARGE INITIATIVES JUST THE FACT THAT THEY ARE MULTIYEAR JUST YOU KNOW, DEMONSTRATE THAT THEY THEY TAKE A LOT OF TIME AND AND EFFORT AND THOUGHTFULNESS IN TERMS OF DEVELOPING AND ROLLING OUT NEW PROGRAMS.
SO WE JUST HAD THAT PRESENTATION AND THE BRINGING HOME RENTAL ASSISTANCE PROGRAM AND THE FRAMEWORK AND ADMIN ADMINISTRATION OF THAT BLOOMINGTON AFFORDABLE HOMEOWNERSHIP IS ANOTHER BIG
MULTI-YEAR STRATEGIC INITIATIVE OF THE HRA. SO THIS IS WE RECEIVED THE GRANT FROM MINNESOTA HOUSING TO DEVELOP SINGLE FAMILY HOMES FOR HOMEOWNERSHIP AND THERE'S BEEN QUITE A BIT OF WORK ON
THIS PROGRAM OVER THE PAST YEAR AND WILL CONTINUE TO BE A LOT MORE TO COME. AS YOU CAN SEE WE'VE GOT EIGHT LOTS STARTED UNDER DEVELOPMENT SO THERE IS QUITE A BIT OF STAFF WORK ASSOCIATED WITH WORKING WITH OUR PARTNERS ON
THOSE ARE CONTINUING TO MOVE FORWARD WITH THE LOCAL AFFORDABLE HOUSING AID. SO NOW THAT THE FRAMEWORK IS APPROVED APPROVING SPENDING AND GETTING THOSE DOLLARS OUT THE DOOR INTO THE COMMUNITY
WHERE THEY'RE NEEDED, WE ALSO HAD LAUNCHED SOME FEDERALLY FUNDED AMERICAN RESCUE PLAN ACT PARTNERSHIPS. THESE WERE LAUNCHED AT THE END
OF 2020 FOR EARLY 2025 AND ARE UNDERWAY. THE SPENDING FOR THAT IS SHOULD BE EXPANDED BY THE END OF THE YEAR. SO WE EXPECT THOSE TO WRAP UP THIS YEAR. THEY'RE RUNNING PRETTY SMOOTHLY BUT ARE A MULTIYEAR INITIATIVE.
AND THEN THE LAST THING ON HERE IS WE'VE BEEN DOING SOME RESEARCH ON A 40 YEAR PROGRAM WHICH IS A BASICALLY A PROPERTY TAX CLASSIFICATION FOR SOME OF OUR NATURALLY OCCURRING AFFORDABLE HOUSING OR NO PROPERTIES.
AND SO YOU SHOULD SEE SOME FUTURE ACTIONS COMING UP ON CONSIDERING THAT PROGRAM AS WELL. ALL RIGHT. WHICH BRINGS ME TO 2026 SOME
OF THESE RECOMMENDED ADDITIONAL PRIORITIES. SO THESE ARE THE NEWLY ADDED THESE WOULD BE PRIORITIES IN ADDITION TO THE MULTI-YEAR INITIATIVES WE JUST TALKED
ABOUT LOOKING INTO YOU KNOW, WE HAVE A SYSTEM SET UP FOR HOW WE PROCESS AND ISSUE OUR HOME IMPROVEMENT LOANS AND SO OF REALLY LOOKING AT WHAT ARE SOME COST EFFECTIVE METHODS TO
DO THAT, DOES IT MAKE SENSE TO WORK WITH PARTNERS ON SOME OF THE ISSUING OF THOSE LOANS OR NOT? WHAT'S THE COST BENEFIT ANALYSIS? SOME OF THOSE QUESTIONS FEDERAL GRANT MONITORING AND COMPLIANCE. AS WE'RE ALL VERY AWARE
THERE'S BEEN A LOT OF CHANGES FROM THE FEDERAL GOVERNMENT AND A LOT OF THE HRA FUNDING IS FEDERAL AND SO JUST KEEPING TRACK OF THE CHANGES AND MAKING SURE THAT WE'RE ADJUSTING WHERE WE NEED TO
ADJUST TO MAINTAIN COMPLIANCE IS A CONTINUES TO BE A PRIORITY PLANNING AND COORDINATING COMMUNICATIONS AND COMMUNITY OUTREACH. SO THINKING A LITTLE BIT MORE ABOUT WHAT SYSTEMS DO WE HAVE
IN PLACE TO COMMUNICATE OUT ABOUT THE HRA WORK AND YOU KNOW WHAT ARE SOME OPPORTUNITIES WE HAVE TO COMMUNICATE MORE ABOUT THE IMPACT OF THE HRA HAS ANOTHER WOULD BE IN PARTNERSHIP WITH
OUR COMMUNICATIONS WITH COMMUNITY OUTREACH TEAMS AND THEN THE HOME FARE. SO THIS IS A FARE THAT'S EVERY OTHER YEAR HAS HAPPENED QUITE A FEW TIMES IN THE PAST. THIS WILL BE MY FIRST ONE.
I'M LOOKING FORWARD TO IT BUT THIS YEAR IS AN EVEN YEAR SO IT'S A HOME FOR YEAR SO THAT IS ALSO SOMETHING THAT WILL TAKE A GOOD AMOUNT OF TIME AND ENERGY AND THEN WE PARTNER
WITH A COUPLE OF DIFFERENT ORGANIZATIONS ON HOME BUYER AND FINANCIAL COUNSELING SERVICES. AND SO THIS THIS ALSO CAME OUT OF SOME OF THE PRIORITY BASED
BUDGETING WORK AND WAS A RECOMMENDED ACTION TO ALIGN WITH REGIONAL PARTNERS. AND SO THINKING THROUGH YOU KNOW WHAT OUR STRATEGIC PARTNERSHIPS IN THAT SPACE AND WHAT MAKES THE MOST SENSE
IN TERMS OF DELIVERING THOSE SERVICES AND THEN CONSIDERING SUPPORTS FOR NOAH PROPERTIES I KNOW THIS IS SOMETHING A COUPLE OF BOARD MEMBERS HAVE EXPRESSED INTEREST IN OVER THE PAST YEAR BUT THINGS LIKE YOU
KNOW THE 40 PROGRAM FALLS UNDER HERE ALSO COLLECTING RESOURCES FOR HOMEOWNERS ASSOCIATIONS AND MAKING SURE THAT THOSE ARE AVAILABLE ONLINE. SO KIND OF PART OF THIS WOULD
ALSO BE JUST LOOKING AT WHAT RESOURCES WE HAVE AVAILABLE FOR ANNUAL PROPERTIES AND LOOKING AT WHERE THERE MAY BE GAPS OR OTHER SUPPORTS. AND THEN THE LAST THING I'LL
NOTE HERE IS A CITY OWNED LAND DISPOSITION POLICY. THIS IS LED BY PLANNING BUT WOULD INVOLVE THE HRA AND SO THE IDEA HERE IS TO LOOK AT SOME UNDERUTILIZED CITY AND ACTUALLY OWN LAND AND CONSIDER
A STRATEGY FOR HOW TO PUT IT TO A HIGHER USE. SO THAT WAS A LOT OF TALKING AND I PUT THESE QUESTIONS ARE ALSO IN YOUR PACKET YOU ALSO HAVE THE WORK PLAN THE DRAFT
OF THE 2026 WORK PLAN IN FRONT OF YOU. IT'S KIND OF SPLIT INTO OUR FIVE WORK AREAS SO OPERATIONS BUT ALSO HOMEOWNERSHIP PASSBOOK PATHWAYS, HOUSING STABILITY, HOUSING
PRESERVATION, HOUSING CREATION AND EACH ONE IS SPLIT INTO STRATEGIC VERSUS CORE WORK. SO AGAIN THIS FOCUSES ON THE STRATEGIC PRIORITIES AND THEN HERE'S A SERIES OF QUESTIONS YOU DON'T NECESSARILY NEED TO
GO THROUGH THESE ONE AT A TIME BUT MIGHT BE HELPFUL FOR FURTHER DISCUSSION. SO WITH THAT I THINK WE CAN OPEN THE DISCUSSION.
ALL RIGHT . ONE I'LL JUST START WHEN THE FIRST THING THAT CAME TO MY MIND AS I DON'T KNOW IF IT'S A
PRIORITY OR JUST WANT ON MY PART IS SOME SOMETHING TOWARDS DOWNPAYMENT ASSISTANCE TO KEEP PEOPLE IN THIS CITY
OF BLOOMINGTON WHO WANT TO BUY A HOUSE HERE. THAT'S I MEAN THERE IS STATE MONEY AND SOME FEDERAL MONEY FOR DOWNPAYMENT ASSISTANCE BUT
THAT'S NOT ALWAYS ENOUGH, RIGHT. RIGHT. OR YOU KNOW AND SOME OF THESE THINGS CAN BE STACKED ON EACH OTHER. IT'S JUST I KNOW IT CAN BE A CUMBERSOME PROGRAM TO
ADMINISTER BUT I WOULD JUST LIKE SOME THOUGHT ATTENTION ON THAT ISSUE.
THAT'S YEAH, THAT'S MY TAKE. YES. AND I'LL NOTE TOO THERE ARE A COUPLE AS YOU POINTED OUT REGIONAL AGENCIES DOING THIS AND WE HAVE BEEN WORKING WITH HABITAT ON THEIR DOWNPAYMENT
ASSISTANCE PROGRAM BUT THAT'S SOMETHING WE CAN ALSO BRING BACK TO THE BOARD FOR DISCUSSION. YEAH, I MEAN COMMISSIONER YOU EASY. YEAH I JUST WANTED TO ADD ON THIS IS MORE SO COMMENTARY
THAN A QUESTION BUT MAYBE AN EMPHASIS ON MAINTAINING THE CURRENT PROPERTIES WE HAVE IN KIND OF A MORE PREVENTATIVE APPROACH BECAUSE I KNOW THERE'S BEEN SITUATIONS IN THE PAST WHERE WE'RE KIND
OF TRYING TO FIX SOMETHING ONCE IT'S ALREADY BROKEN AND I THINK AS MUCH AS ALL OF THESE PROGRAMS ARE REALLY NEEDED AND SUPER IMPORTANT, WE SHOULD ALSO EMPHASIZED KIND OF KEEPING THE PEOPLE IN THEIR
HOMES AS WELL AND HAVING A GOOD PROPERTY THEY CAN BE IN WHERE THINGS AREN'T LEAKING OR AREN'T BROKEN OR THINGS LIKE THAT. SO I KIND OF BELIEVE THAT AN OUNCE OF PREVENTION IS BETTER THAN A POUND OF CURE.
SO EVEN IF THAT MEANS WE HAVE TO DO MORE FRONT END WORK I THINK LONG TERM THAT'S THE BETTER OPTION. THANK YOU COMMISSIONER ROBINSON THANK YOU SO MUCH TO GO OFF OF WHAT COMMISSIONER IS
SAYING I THINK THAT IS SO IMPORTANT THAT WE RECOGNIZE THAT AN OUNCE OF PREVENTION IS WORTH A POUND OF CURE. RIGHT? IT WILL BE ULTIMATELY IF EVERYONE'S MAIN FOCUS IS THE DOLLAR, IT WILL BE CHEAPER
IN THE LONG RUN TO MAINTAIN THOSE PROPERTIES UP FRONT RIGHT. AND I KNOW WHEN I HAD MET WITH MISS ABBY EXCUSE ME. MY APOLOGIES. I'M NEW. THANK YOU SO MUCH.
I WAS REALLY IMPRESSED TO HEAR ABOUT SOME OF THE PROGRAMS WE HAVE HERE IN THE CITY OF BLOOMINGTON THAT DO KEEP PEOPLE IN THEIR HOMES AND THAT CAN HELP PEOPLE REMEDY PROBLEMS UPFRONT. RIGHT. SO IF WE HAVE SOMEONE IN THEIR HOME AND HAS A PERHAPS A
COSMETIC ISSUE THAT'S YOU KNOW, OUTSIDE MAYBE A SIDEWALK OR PAINTING OR SOMETHING LIKE THAT, I WAS REALLY IMPRESSED TO HEAR THAT WE WILL HELP RESIDENTS WITH THOSE ISSUES UPFRONT SO THAT THEY ARE ABLE TO STAY HERE IN BLOOMINGTON. WE WANT THEM TO STAY HERE.
WE WANT TO HELP THEM. WE WANT TO HELP RESIDENTS LIVE THE BEST LIFE THEY CAN. AND SO I WAS VERY IMPRESSED HERE THAT AND I JUST WANTED TO SAY FOR SURE YOU SEE THAT THAT IS SO IMPORTANT, RIGHT? LET'S KEEP PEOPLE IN THEIR HOMES NOW AND LET'S PREVENT
PROBLEMS LATER ON DOWN THE LINE. IT'LL BE BETTER AND CHEAPER FOR EVERYONE IN THE WATER. SO THANK YOU. THANK YOU, MR. CARTER. THANK YOU.
SO I WOULD SAY AS I LOOKED AT KIND OF MORE OF THE WELL, THE STRATEGIC PRIORITIES AND THE CORRECTIVE ITIES, I THINK DEFINITELY ENSURING ALL PROGRAMS MAINTAIN COMPLIANCE
WITH CHANGING FEDERAL GUIDELINES IS A TOP PRIORITY. I DON'T WANT US TO EVER I DON'T WANT TO ESPECIALLY WITH THIS ADMINISTRATION TO GET ANY KIND OF LIKE STICKY POSITIONS.
AND SO JUST WANTING TO MAKE SURE WE'RE CROSSING ALL OUR T'S AND DOTTING ALL OUR EYES AND NOT GIVING THEM ANYTHING TO COME AFTER US FOR. AND SO I THINK WE'RE PROBABLY ON THE SAME PAGE FOR THAT EVER
ON THAT I ALSO REALLY LIKE THE ADDITION OF THE COMMUNICATIONS AND COMMUNITY OUTREACH, PLANNING AND COORDINATION. I DO THINK THERE IS AN OPPORTUNITY TO TO ENSURE THAT MORE PEOPLE ACROSS THE
COMMUNITY KNOW ABOUT THE RESOURCES AND THE SUPPORT THAT WE PROVIDE AND I'LL I'LL ADMIT I DON'T REALLY GET ON FACEBOOK VERY MUCH BUT I DO THINK THAT
SOMETIMES THERE ARE NARRATIVES THAT GET OUT THERE THAT ARE NOT NECESSARILY TRUE. AND SO JUST TO MAKE SURE THAT WE CAN SHARE THE CITY'S THE HIV STORY IN AN EFFECTIVE
ACCURATE WAY UM AGAIN ENSURING THAT PEOPLE PAY A TOP PRIORITY IS JUST MAKING SURE PEOPLE KNOW ABOUT THE RESOURCES AND SUPPORT THAT THEY'RE AVAILABLE TO MOST RESIDENTS ACROSS THE
COMMUNITY RIGHT? AND THEN I AGREE ON THE SUPPORT AND PARTNER WITH THE OTHER DOWN PAYMENT ASSISTANCE PROGRAMS. I MEAN WE HEAR FROM PEOPLE ALL THE TIME ABOUT YOU KNOW, BEING
LIKE BORN AND RAISED IN BLOOMINGTON BUT NOW CAN'T AFFORD A HOUSE HERE. THE THE STARTER HOME IS MUCH MORE EXPENSIVE NOWADAYS AND SO I, I THINK THAT IS A TOP
PRIORITY AND THEN I AM I'M VERY INTERESTED STAY IN LEARNING MORE AND I THINK IT'S A GREAT THING FOR US TO EXPLORE THE CITY ONLY AND
DISPOSITION POLICY OBVIOUSLY WE'RE A BUILT OUT COMMUNITY. WE DON'T HAVE A LOT OF OPPORTUNITIES TO BUILD AND SO IF THERE ARE IF THERE IS IF THERE ARE PARTS THERE'S YOU
KNOW, LAND THAT WE COULD SELL OR LEASE TO SOMEBODY WHO WANTS TO BUILD HOMES AND I MEAN I WOULD EVEN AT THIS POINT I MEAN I WOULD BE INTERESTED IN AFFORDABLE HOMES AND WE COULD EVEN CONSIDER SOME
MARKET RATE RATE LIKE I THINK WE COULD LOOK KIND OF ACROSS THE SPECTRUM. UM AND THEN I HAVE A QUESTION I DON'T KNOW WHAT THIS FOUR D
PROGRAM IS AND SO I GUESS I WOULD BE CURIOUS TO I WAS GOING TO ASK FOR CLARIFICATION SO YEAH CHAIR COMMISSION A COUPLE OF CITIES IN THE METRO AREA HAVE THIS PROGRAM
ESSENTIALLY AND IN EXCHANGE FOR TYING AFFORDABILITY TO THE PROPERTY AND MAINTAINING A CERTAIN LEVEL OF AFFORDABILITY LIKE A COVENANT THAT KEEPS THE PROPERTY AT 60% AMI THEN THAT
PROPERTY GETS A PROPERTY TAX REDUCTION. SO IT'S BASICALLY A PROPERTY TAX REDUCTION FOR AFFORDABLE PROPERTIES. SO WE'VE HAD SOME QUESTIONS AND CONSIDERATIONS AROUND HOW YOU KNOW THE EFFECTIVENESS
OF THIS, HOW DOES IT WORK, WHAT'S THE STATE LEGISLATION? AND SO WE'VE BEEN EXPLORING SOME OF THAT THIS YEAR AND WE DO PLAN TO BRING A QUESTION YOU KNOW, A I GUESS A DISCUSSION TO THE BOARD
SOMETIME IN Q1 OF THIS YEAR TO TALK ABOUT THAT TYPE OF PROGRAM AND IF WE WOULD BE INTERESTED IN AND EXPLORING THAT FURTHER. OKAY, THAT'S GREAT. I DEFINITELY THINK WE SHOULD HAVE AN INITIAL DISCUSSION JUST BASED ON WHAT YOU SAID.
I HAVE QUESTIONS AND SO GREAT . UM UM OTHERWISE I KIND OF FEEL LIKE I FEEL LIKE THIS IS A
PRETTY COMPREHENSIVE LIST AND I WOULD BE VERY HESITANT TO ADDING ANYTHING TO AN ALREADY FULL PLATE ESPECIALLY AS WE STILL HAVE THINGS HAPPENING AT THE FEDERAL LEVEL AND WE DON'T
KNOW WHAT THAT'S GOING TO MEAN FOR US AT THE LOCAL LEVEL AND THERE MAY BE SOME THINGS THAT WE HAVE TO ADDRESS OR PIVOT OR WHATEVER AND SO FOR IN TERMS OF THE THIRD BULLET, I DON'T THINK I WOULD ADD ANYTHING ELSE.
UM YEAH I THINK THAT'S WHAT I SORT OF GOT. I HOPE THAT'S HELPFUL. THANK YOU. THANK YOU. UM COMMISSIONER DOUBLING HER I
JUST WANT TO ADD COMMISSIONER CARTER'S COMMENT ABOUT FACTUAL INFORMATION AND BEING ABLE TO ACQUIRE IT. IT'S SUPER IMPORTANT THAT PEOPLE KNOW WHERE TO AND CAN
TRUST THE INFORMATION THAT THEY'RE GETTING WITH REGARDS TO I MEAN EVERYTHING REALLY. BUT IN OUR LITTLE ECOSYSTEM
HERE I THINK IT'D BE A GOOD IDEA TO HAVE A PLACE WHERE TRUSTED INFORMATION CAN BE ACQUIRED, QUESTIONS CAN BE ASKED, THINGS LIKE THAT. UM, JUST SO PEOPLE CAN GET THE
INFORMATION THEY NEED STAY INFORMED, STUFF LIKE THAT. THANK YOU. UM, I HAVE ONE JUST QUICK QUESTION BUT I THINK I KNOW
THE ANSWER BUT I WANT YOU TO ANSWER IT. WHEN YOU SAID ABOUT INFORMATION FOR ALWAYS ONLINE IS THAT LIKE A RESOURCE SO PLACES DON'T GET INTO TROUBLE?
I HAVE A PLACE THEY CAN GO TO FOR RESOURCES FOR THE CITY OF BLOOMINGTON AND THE STATE OF MINNESOTA. >> YEAH. CHAIR COMMISSIONERS, THERE'S BEEN A LOT OF CONVERSATIONS
AROUND EACH WAYS AND THEIR MANAGEMENT AND LEGISLATION AROUND THAT AT THE STATE LEVEL SO THAT IS WE DID LAST YEAR DO AN HOA STUDY WHERE WE KIND OF ASSESSED THE HOLES THAT
EXIST IN BLOOMINGTON AND ADDED AN RFQ ONLINE. BUT THERE ARE I THINK THERE ARE SOME OPPORTUNITIES TO LOOK AT THE RESOURCES THAT ARE AVAILABLE AND IS IT EASY YOU KNOW, EASY TO AESS AND FIND
ONLINE? ARE THERE MORE RESOURCES THAT WE CAN OFFER EVEN? YEAH, THERE ARE OTHER OPTIONS TO EXPLORE THERE I THINK. YEAH. OKAY.
THANK YOU. I GUESS I HAVE ONE MORE QUICK THING AS FAR AS AND THE FIRST BULLET POINT WHICH THESE ACCOMPLISHMENTS AS MOST
EXCITING I WAS SO HAPPY TO THE SUMMER WHEN WE HAD THE GROUNDBREAKING FOR THE 9030 PARK AND THE FACT THAT THERE GOING ON THAT WE CAN SEE TANGIBLE RESOURCE OF OUR WORK
AND I'M ALSO VERY EXCITED ABOUT THE ST MARK'S PROPERTY AND THAT BEING DEVELOPED AND YOU KNOW THAT'S FROM A GRANT WE BROUGHT MONEY YOU KNOW TAX
MONEY BACK TO BLOOMINGTON AND IT'S GOING YOU KNOW TO THAT PEOPLE WHO WORK IN THE CITY CAN LIVE IN THE CITY YOU KNOW THAT LAW ENFORCEMENT AND
SOCIAL WORKERS AND TEACHERS AND EVERYTHING CAN YOU KNOW, HAVE AN OPPORTUNITY FOR FOR HOUSING AND AND TO STAY IN THE CITY OF BLOOMINGTON. SO I'M VERY EXCITED.
I KNOW IT'S A FEW YEARS OUT BUT I'M VERY EXCITED THAT WE HAVE MOVE FORWARD ON THIS AND
AND THE PROJECT IS UNDERWAY SO I'M READY TO ANY OTHER QUESTIONS OR COMMENTS? NO.
OKAY. AND NEXT EACH AREA MINISTRY ORDER UPDATES. ALL RIGHT. CHAIR COMMISSIONERS, I JUST HAVE ONE SHORT UPDATE FOR YOU WHICH IS THAT THE WAITLIST FOR THE ROSLYN THE PROJECT BASED VOUCHERS AVAILABLE THERE WHICH
IS FOR SENIORS 35 AND ABOVE IS CURRENTLY OPEN AND IS OPEN UNTIL FEBRUARY 6TH. SO PEOPLE ARE CURRENTLY APPLYING THAT ARE OUR NORMAL
WAITLIST IS OPEN 100% OF THE TIME IT NEVER CLOSES BUT THIS WAITLIST BECAUSE IT'S A LITTLE BIT MORE SPECIFIC IT IS ONLY OPEN FOR A SHORTER PERIOD OF TIME SO WE'RE CURRENTLY RECEIVING APPLICATIONS FOR
THEM. >> AND CAN YOU CURRENTLY GO ONLINE? YES. YES PEOPLE CAN GO ONLINE AND APPLY. OKAY. THANK YOU, COMMISSIONER ROBERTS. >> AND JUST TO CONFIRM THAT
WAS OPEN UNTIL FEBRUARY 6TH FEBRUARY 6TH. CORRECT. THANK YOU SO MUCH. YEAH. ALL RIGHT. WELL, WE HAVE COME TO THE END
OF OUR AGENDA SO MAY I HAVE A MOTION TO ADJOURN THE TUESDAY, JANUARY 13TH HRT BOARD MEETING SO MOVED MOVED BY COMMISSIONER
CARTER SECOND AND SECOND BY COMMISSIONER DOUBLING FOR ME WE HAVE THE ROLL CALL VOTE COMMISSIONER MILLER I DOUBLING HER I CARTER I E C I ROBERTSON
I WILL WHEN I WRITE MOTION PASSES 6 TO 0. >> THANK YOU EVERYONE