WEBVTT

METADATA
Video-Count: 1
Video-1: youtube.com/watch?v=8ePEBDn_K9o

Part: 1

1
00:01:27.720 --> 00:01:39.965
SIX HRA BOARD MEETING. FIRST ITEM IS THE APPROVAL OF THE AGENDA. ARE THERE ANY EDITS OR CHANGES ?

2
00:01:39.965 --> 00:01:51.610
NO HEARING NONE. MAY I HAVE A MOTION TO APPROVE THE AGENDA? SO MOVED MOVED BY COMMISSIONER ROBERTSON. SECOND SECOND BY COMMISSIONER CARTER.

3
00:01:51.610 --> 00:02:11.764
AND SINCE WE HAVE ONE BOARD MEMBER ATTENDING REMOTELY WE NEED TO DO A ROLL CALL VOTE .

4
00:02:11.764 --> 00:02:27.046
WE HAVE COMMISSIONER AUDIO PLAYER THROUGH WEBEX SO COMMISSIONER DOUBLING HER I

5
00:02:27.914 --> 00:02:40.226
THE COMMISSIONER ROBERTSON I COMMISSIONER CARTER I COMMISSIONER WARRANT I CHAIR MUELLER I SO MOTION PASSES 5

6
00:02:40.226 --> 00:02:51.537
TO 0. NEXT ITEM IS THE CONSENT BUSINESS AND THE ONLY CONSENT ITEM IS THE MAY 12TH 2226 MEETING MINUTES.

7
00:02:51.537 --> 00:02:59.912
WOULD ANYONE LIKE TO PULL THIS FOR DISCUSSION? OKAY HEARING NONE THEN I NEED A MOTION TO APPROVE THE CONSENT ITEMS SO MOVED BY

8
00:02:59.912 --> 00:03:17.796
COMMISSIONER ROBERTSON SECOND AND SECOND BY COMMISSIONER WOOTEN MAY WE HAVE THE ROLL CALL VOTE BY WEBEX BECAUSE

9
00:03:17.796 --> 00:03:25.371
COMMISSIONER WE'RE DOUBLING HER BY THE COMMISSIONER ROBERTSON I COMMISSIONER CARTER I'M THE COMMISSIONER.

10
00:03:25.371 --> 00:03:38.451
I WOULDN'T I CHAIR WHEELER I SORRY THAT'S ME. MOTION PASSES FIVE THIS IS HERE. ALL RIGHT NEXT UNDER

11
00:03:38.451 --> 00:03:51.230
ORGANIZATIONAL BUSINESS JUNE IS NATIONAL HOMEOWNERSHIP MONTH. DID YOU WANT TO SAY ANY WORDS BEFORE I READ THE PROCLAMATION? OKAY THEN I AM GOING TO GO AHEAD AND READ THE CITY

12
00:03:51.230 --> 00:04:04.210
OF BLOOMINGTON PROCLAMATION OF HOME OWNERSHIP MONTH FOR JUNE 2026 WHEREAS IN 1995 NATIONAL HOMEOWNERSHIP WEEK

13
00:04:04.210 --> 00:04:13.286
BEGAN AS A STRATEGY OF PRESIDENT WILLIAM CLINTON'S ADMINISTRATION AND TO INCREASE HOMEOWNERSHIP ACROSS THE NATION. AND. WHEREAS, IN 2002 PRESIDENT

14
00:04:13.286 --> 00:04:23.996
GEORGE W BUSH EXPANDED THE OBSERVANCE TO THE ENTIRE MONTH OF JUNE. AND. WHEREAS, HOMEOWNERSHIP IS A MAJOR SOURCE OF GENERATIONAL

15
00:04:23.996 --> 00:04:35.975
WEALTH FOR MANY AMERICANS AND IS AN ESSENTIAL PART OF THE AMERICAN DREAM. AND. WHEREAS, DURING HOMEOWNERSHIP MONTH WE RECOGNIZE THE VALUE THAT OWNING A HOME BRINGS TO

16
00:04:35.975 --> 00:04:47.286
INDIVIDUALS, HOUSEHOLDS AND COMMUNITIES ACROSS AMERICA. AND. WHEREAS, BY OBSERVING HOME OWNERSHIP MONTH WE ACKNOWLEDGE THE IMPORTANCE OF HOUSING

17
00:04:47.286 --> 00:04:58.631
WHETHER OWNING RENTING OR ASPIRING TO OWN AND RENT OR RENT AND. WHEREAS THROUGH THE HOUSING AND REDEVELOPMENT AUTHORITY

18
00:04:58.631 --> 00:05:07.306
IN AND FOR THE CITY OF BLOOMINGTON KNOWN AS HRA FOR CURRENT RESIDENTS AND THOSE DESIRING TO BECOME RESIDENTS CAN ACCESS RESOURCES

19
00:05:07.306 --> 00:05:18.684
AND HOUSING STABILITY AND PATHWAYS TO HOMEOWNERSHIP WHEREAS EACH YEAR AND THROUGHOUT THE YEAR WE WILL FOSTER HOME OWNERSHIP CREATION

20
00:05:18.684 --> 00:05:32.832
AND PRESERVATION OPPORTUNITIES IN THE CITY OF BLOOMINGTON. THEREFORE I HRC CHAIR JENNIFER MILLER DO HEREBY PROCLAIM JUNE

21
00:05:32.832 --> 00:05:43.843
2026 AS HOME OWNERSHIP MONTH IN BLOOMINGTON, MINNESOTA. ALL RIGHT. AND NOW WE ARE ON TO NEW BUSINESS.

22
00:05:43.843 --> 00:06:13.439
SO ITEM 5.1 DEVELOPMENT AGREEMENT WITH OUTLIER DEVELOPMENT. MAY WE HAVE THE STAFF REPORT ? ALL RIGHT.

23
00:06:13.439 --> 00:06:24.717
ALL RIGHT. GOOD EVENING, CHAIR AND COMMISSIONERS. MY NAME IS SARAH R ADMINISTRATOR HERE TO PRESENT ON THIS ITEM WE ALSO HAVE THE DEVELOPMENT TEAM HERE WITH US THIS EVENING. I FELT LIKE WE NEEDED A ROUND

24
00:06:24.717 --> 00:06:36.929
OF APPLAUSE AFTER THAT PROCLAMATION SO IT'S EXCITING TO HAVE AN ITEM SO RELEVANT TO HOMEOWNERSHIP FOLLOWING THAT. SO HERE I WILL GO AHEAD AND WALK THROUGH THE PROPOSED DEVELOPMENT PROJECT.

25
00:06:36.929 --> 00:06:45.204
JUST SOME BACKGROUND HERE. THIS IS PART OF THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM. THIS WAS LAUNCHED IN 2024 WHEN WE SECURED A SIGNIFICANT GRANT FROM MINNESOTA HOUSING

26
00:06:45.204 --> 00:06:58.417
TOTALING 3.2 TO DEVELOP 27 SMALL SCALE PROPERTIES IN 2025 . WE'VE SEEN SOME OF THESE DEVELOPMENT PROJECTS GET UNDERWAY. WE HAVE FOUR PROPERTIES UNDER CONTRACT WITH HABITAT. TWO ARE UNDER CONSTRUCTION, A

27
00:06:58.417 --> 00:07:09.128
COUPLE OF PROPERTIES UNDER CONTRACT WITH MAGNOLIA HOMES AND THEN THESE TWO PROPERTIES WHICH ARE UNDER CONTRACT WITH OUTLAW DEVELOPMENT AND SO THE ACTIONS PREVIOUSLY RELATING TO THIS SITE OR THESE TWO SITES

28
00:07:09.128 --> 00:07:20.539
THERE WAS A SELECTION OF THIS DEVELOPER IN NOVEMBER 2025 FOLLOWING A AN RFP AND THEN A REQUEST FOR PROPOSALS AND THEN THE PURCHASE AGREEMENT WAS APPROVED IN FEBRUARY.

29
00:07:20.539 --> 00:07:31.883
SO WE ARE NOW COMING WE'VE BEEN WORKING ON THE SECURING FUNDING SOURCES AND WORKING ON THE DEVELOPMENT GAP AND SO NOW WE ARE COMING WITH A DEVELOPMENT AGREEMENT AND JUST A QUICK OVERVIEW.

30
00:07:31.883 --> 00:07:42.795
>> GOALS OF THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM THERE ARE MANY IT PROVIDES AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR FAMILIES. OF COURSE FIRST AND FOREMOST THESE PARTICULAR HOMES WILL BE RESTRICTED TO FAMILIES MAKING

31
00:07:42.795 --> 00:07:54.040
AT OR BELOW 80% OF THE AREA. MEDIAN INCOME. THERE'S ALSO SOME OTHER GOALS INCLUDING REMOVING WE HAD SOME PROPERTIES BLIGHTED HOME IS SLIGHTLY OLD OUTDATED

32
00:07:54.040 --> 00:08:04.684
LANGUAGE. IT'S FORMAL LANGUAGE THAT'S INCLUDED IN COMMUNITY DEVELOPMENT DEVELOPMENT, BLOCK GRANT FUNDING AND SO SOME OF THESE PROPERTIES WERE ACQUIRED WITH CDBG FUNDS SO

33
00:08:04.684 --> 00:08:17.363
THERE'S RECOGNITION OF THAT GOAL IN THIS LANGUAGE. IT ALSO BRINGS SOME VACANT PROPERTIES BACK INTO THE TAX ROLLS GENERATING TAXES FOR THE CITY. THESE THESE UNITS ARE ACCESSIBLE.

34
00:08:17.363 --> 00:08:27.273
THEY HAVE ACCESSIBILITY REQUIREMENTS FROM THE STATE OF MINNESOTA AND ALSO ESPECIALLY FOR THESE TWO SITES THEY'RE PRETTY THEY'RE SMALL INFILL SITES. THEY'RE NOT SURROUNDED BY A LOT OF EMPTY LAND. SOME OF THESE SITES CAN BE

35
00:08:27.273 --> 00:08:37.849
REALLY HARD TO DEVELOP OR WON'T BE DEVELOPED IN THE PRIVATE MARKET WITHOUT PUBLIC SUPPORT. ALL RIGHT. SO HERE'S SOME INFORMATION ABOUT THE PROJECT. THERE ARE TWO SITES EACH ONE

36
00:08:37.849 --> 00:08:47.826
WITH ONE DETACHED SINGLE FAMILY HOME AND THEY'RE SMALLER SITES. SO THESE CAN FIT ONLY ONE HOME APPROXIMATELY 700 1700 SQUARE FEET WHICH IS FAIRLY STANDARD

37
00:08:47.826 --> 00:08:59.772
SIZE HOME MEAN LEVEL BEDROOM AND BATHROOM WITH BASEMENT WITH THREE BEDROOMS. HOMES ARE DESIGNED TO FIT INTO THE EXISTING NEIGHBORHOODS. IT IS EMBEDDED IN AN EXISTING

38
00:08:59.772 --> 00:09:10.316
SINGLE FAMILY HOME NEIGHBORHOOD INCLUDES SOME AMENITIES ATTACHED GARAGE FINISHED BASEMENT GREAT ROOM AT ROOM AND HERE'S THE CLOSE

39
00:09:10.316 --> 00:09:22.395
UP OF THE SITES SO YOU CAN SEE THAT THEY'RE REALLY EMBEDDED IN THESE NEIGHBORHOODS WITH A LOT OF COMPARABLE SINGLE FAMILY HOMES. AND HERE IS I APOLOGIZE I BLEW THIS ONE UP AND IT WAS A LITTLE BIT BLURRY.

40
00:09:22.395 --> 00:09:33.372
BUT THESE ARE CONCEPT ELEVATIONS NOT NECESSARILY A DRAWING OF EXACTLY WHAT THE HOUSE WILL LOOK LIKE BUT SOME CONCEPTS THAT A DEVELOPER AT LAW DEVELOPMENT HAS USED FOR SIMILAR DEVELOPMENT PROJECTS. >> OKAY. WHICH BRINGS US TO THE

41
00:09:33.372 --> 00:09:44.517
FUNDING. SO WE ALL KNOW WE'VE SEEN GAPS CONTINUE TO RISE. WE'VE SEEN COSTS CONTINUING TO RISE. A COUPLE KEY CONTRIBUTING FACTORS THEIR LABOR COSTS PREVAILING WAGE ALSO

42
00:09:44.517 --> 00:09:53.692
ESPECIALLY FOR SMALL CONTRACTORS THERE IS AN INCREASED ADMINISTRATIVE REQUIREMENT TO BE TRACKING EVERY SINGLE PAYROLL AND SUBMITTING TRACKING FOR THAT COST OF CAPITAL BASICALLY

43
00:09:53.692 --> 00:10:05.204
MEANING INTEREST RATES HAVE INCREASED, MATERIAL COSTS HAVE INCREASED, WE'RE SEEING COST INCREASES ACROSS THE BOARD SO BOTH BOTH OUTLAW DEVELOPMENT AND THE HRA. WE HAVE PARTNERED TOGETHER TO

44
00:10:05.204 --> 00:10:17.082
LOOK AT FUNDING SOURCES THAT CAN FILL THE GAP THAT'S GENERATED. SO OF COURSE IMPACT FUND THIS IS WHAT LAUNCHED THIS PROGRAM AND THIS IS A PRETTY SIGNIFICANT SOURCE OF FUNDING

45
00:10:17.082 --> 00:10:27.092
FOR THIS PROJECT. THEY ALSO APPLIED FOR AND RECEIVED FUNDS FROM HENNEPIN COUNTY AND THE AMOUNT OF 100,000 PER SITE WHICH WAS VERY EXCITING TO HEAR JUST IN THE LAST COUPLE OF WEEKS.

46
00:10:27.092 --> 00:10:39.204
AND THEN ANOTHER SOURCE IS THE SALES PRICE. SO BECAUSE THESE ARE RESTRICTED FOR THEIR CAPPED BASICALLY AND THE SALES PRICE THAT'S WHAT GENERATES THE GAP YOU YOU'RE ESSENTIALLY SELLING

47
00:10:39.204 --> 00:10:49.848
THEM FOR LESS THAN YOU'RE BUILDING THEM FOR SO WE'RE FUNDING THE GAP IN BETWEEN AND THEN WHAT IS THE HRA CONTRIBUTION? SO THE HRA ALREADY OWNS THE LAND. THE PROPERTY WAS ACQUIRED IN 2023 AND SO WE ARE ISSUING

48
00:10:49.848 --> 00:11:01.126
OR THE PROPOSAL IS TO ISSUE A LAND WRITE DOWN FOR THE DEVELOPER AND THEN EITHER SO ONE HOME USES LARGER LOCAL AFFORDABLE HOUSING AID DOLLARS

49
00:11:01.126 --> 00:11:11.670
AND THE OTHER PROPERTY USES LOCAL HOUSING TRUST FUND WHICH IS ALSO A STATE GRANT THAT WE'VE RECEIVED ALL IN APPLYING FOR FUNDS FOR THIS PROJECT. OKAY.

50
00:11:11.670 --> 00:11:23.415
AND HERE IS A SOURCES AND USES SO YOU CAN SEE HERE CONSTRUCTION COSTS ARE THE LARGEST PERCENTAGE OF THE COSTS AS IS TYPICAL.

51
00:11:23.415 --> 00:11:35.427
A LOT OF THESE ARE FAIRLY STANDARD IN THE INDUSTRY DEVELOPER FIGURE 8% IS A STANDARD DEVELOPER FEE YOU CAN SEE THE PURCHASE PRICE IS WRITTEN DOWN THERE TO $1. THERE ARE SOME CONTINGENCY

52
00:11:35.427 --> 00:11:45.370
FUNDS WHICH IS ABOUT I THINK IT WAS AROUND 3 OR 5% OF THE TOTAL 4%. SO RIGHT THERE 4% OF THE TOTAL COST AND THEN THERE ARE OTHER SOFT COSTS. SO THESE COSTS INCLUDE THINGS LIKE GETTING FINANCING,

53
00:11:45.370 --> 00:11:56.882
SELLING THE PROPERTY ARCHITECTURE AND DESIGN AND THOSE TYPES OF THINGS AND END AROUND 13% I WOULD SAY 10 TO 15 EVEN UP TO 20% IN SOME CASES IS FAIRLY STANDARD FOR

54
00:11:56.882 --> 00:12:08.961
THESE HOMES. SO YOU CAN SEE HERE THAT TOTAL COST IS SIGNIFICANT TO BUILD A SINGLE FAMILY HOME AND SO THAT'S WHY WE'RE TRYING TO SEEK ALL OF THESE DIFFERENT FUNDING SOURCES.

55
00:12:08.961 --> 00:12:20.472
AND SO HERE'S HOW WE'RE PROPOSING TO FILL THE GAP. YOU CAN SEE SALES PROCEEDS THERE. THESE ARE 2026 NUMBERS. SO IT IS POSSIBLE IN 2027 THIS MIGHT ACTUALLY INCREASE A LITTLE BIT BECAUSE THOSE

56
00:12:20.472 --> 00:12:30.515
NUMBERS TEND TO UPDATE A LITTLE BIT PER YEAR. THESE ARE A MINNESOTA HOUSING IMPACT FUNDS WHICH ARE DESIGNATED FOR THE GRANT THUS THE GRANT FROM THE CERT TO THE PROJECT IS THE GRANT FROM THE STATE HENNEPIN COUNTY HOME

57
00:12:30.515 --> 00:12:39.925
ASSISTANT FUND AND THEN YOU CAN SEE HERE JUST IN ORDER TO MINIMIZE THE NUMBER OF SOURCES FOR EACH PROJECT WE'VE COMMITTED OR THE PROPOSAL IS

58
00:12:39.925 --> 00:12:53.138
TO COMMIT 75,000 FOR EACH PROPERTY BUT THEY'RE FROM DIFFERENT SOURCES SO ONE IS FROM LARGER WHICH IS THE TARGET IS TO SERVE FAMILIES THAT ARE AT OR BELOW 80% AMI

59
00:12:53.138 --> 00:13:04.883
AND THEN THE OTHER IS THIS LOCAL HOUSING TRUST FUND. SO THERE ARE COMPARABLE FUNDING STACKS. WE'RE JUST USING DIFFERENT SOURCES. >> OKAY. AND THEN THE KEY TERMS OF THE

60
00:13:04.883 --> 00:13:13.826
DEVELOPMENT AGREEMENT IT SPELLS OUT THE FINANCIAL CONTRIBUTION AND INCLUDES IN THERE THE THE HENNEPIN COUNTY FUNDS ARE GRANTED DIRECTLY TO THE DEVELOPER THE

61
00:13:13.826 --> 00:13:24.736
IMPACT FUNDS ARE THROUGH THE CITY BUT IT KIND OF SPELLS ALL THAT OUT REQUIRES THE DEVELOPER TO MEET ALL GRANT REPORTING AND REQUIREMENTS SO SOME OF THOSE FROM THE STATE OUR VISIT ABILITY WHICH IS A

62
00:13:24.736 --> 00:13:35.247
FANCY STATE WORD FOR ACCESSIBILITY PREVAILING WAGE REQUIREMENTS AND THEN THEN THE INCOME RESTRICTION THE HRA ASSISTANCE IS STRUCTURED AS A DEFERRED LOAN. THERE IS A LOOK BACK PROVISION

63
00:13:35.247 --> 00:13:47.025
WHICH BASICALLY MEANS THAT IF THE COSTS COME BACK LESS THAN WHAT THE DEVELOPER HAS ESTIMATED AND THESE SOURCES AND USES THEN THE HRA WOULD RECEIVE A REPAYMENT OF ANY

64
00:13:47.025 --> 00:13:58.570
EXCESS FUNDS THAT WERE NOT NEEDED FOR A GAP. IT ALSO INCLUDES DUTIES OF THE DEVELOPER WHICH INCLUDE FINDING A BUYER, CONSTRUCTING THE HOME, SECURING FINANCING

65
00:13:58.570 --> 00:14:10.049
AND THEN THERE IS A 30 YEAR RENTAL RESTRICTION AND AFFORDABILITY SALE COVENANT WHICH BASICALLY GOES TO ENSURE THAT THE PROPERTY IS OCCUPIED BY A HOMEOWNER AND THAT IT

66
00:14:10.049 --> 00:14:20.792
STAYS AFFORDABLE AT SALE FOR 30 YEARS. OKAY. AND THEN I'LL ALSO SAY, YOU KNOW, WE KNOW THAT THE THE GAPS ARE HIGH ESPECIALLY FOR SINGLE FAMILY HOMES.

67
00:14:20.792 --> 00:14:32.004
AND SO WHAT DOES THIS MEAN FOR OUR LARGER PROGRAM SO WE STARTED TO THINK ABOUT, YOU KNOW, HOW CAN WE APPLY THESE LEARNINGS TO FUTURE PROJECTS MOST NOTABLY ST MARK'S BECAUSE THAT'S A LARGE PROJECT WITH A NUMBER OF DIFFERENT

68
00:14:32.004 --> 00:14:43.615
DEVELOPMENTS AND SO ONE OPTION IS TO BRING BEFORE THE BOARD A NEW OR A SLIGHTLY REVISED DESIGN FOR ST MARK'S NOT GREATLY INCREASING THE DENSITY BUT INSTEAD OF SINGLE FAMILY

69
00:14:43.615 --> 00:14:55.260
HOMES PERHAPS SOME DEMONSTRATION PROJECTS FOR THE NEWLY PASSED MISSING RENTAL ORDINANCE WHICH WOULD BE AN INNOVATIVE USE PROBABLY ONE OF THE FIRST USES OF SOME OF THESE MISSING LITTLE FLEXIBILITY IS THAT WE HAVE

70
00:14:55.260 --> 00:15:06.738
NOW RECENTLY AND SO WE COULD DO THINGS LIKE DUPLEXES OR TRIPLEXES AND SO WE'RE KIND OF LOOKING AT WHAT OPTIONS THE SITE HAS TO OFFER THAT MIGHT ALLOW US TO DO A LITTLE BIT OF A REDESIGN AND LOWER THE

71
00:15:06.738 --> 00:15:16.548
GAPS AND DO SOME INNOVATIVE CREATIVE PROJECTS AND THEN CONTINUING SECURING SOURCES. I THINK ONE THING WE'VE ALSO LEARNED THROUGH THIS PROCESS OF SECURING THIS DEFERRED FUNDING IS THAT DEVELOPMENT

72
00:15:16.548 --> 00:15:27.259
PROJECTS ESPECIALLY IN THE SUBURBS AT 80% AMI THESE ARE HIGHLY AFFORDABLE SUBURBAN PROJECTS AND SO THEY'RE VERY COMPETITIVE FOR FUNDING. SO WE'VE BEEN RECEIVING

73
00:15:27.259 --> 00:15:39.438
SIGNIFICANT GRANT RESOURCES AND WE EXPECT TO CONTINUE APPLYING AND HOPE TO CONTINUE RECEIVING ADDITIONAL RESOURCES . THEN THERE IS ALSO OTHER OPTIONS INNOVATION AND CONSTRUCTION MODULAR YOU KNOW

74
00:15:39.438 --> 00:15:51.917
MODULAR IS DIFFICULT TO MAKE WORK FOR A SINGLE FAMILY HOME BECAUSE THERE STILL CAN ACTIVITIES THAT NEED TO HAPPEN ON THE SITE. AND SO YOU KNOW FOR A STANDALONE SITE YOU'RE REALLY LOOKING AT THE MODULAR

75
00:15:51.917 --> 00:16:02.528
CONSTRUCTION GIVES YOU ECONOMIES OF SCALE WHICH DON'T EXIST FOR A SINGLE FAMILY HOME AND SO BUT THERE MAY BE SOME OPTIONS AT THE ST MARK SITE AND THEN EXPLORATION OF INCREASING SCALE OF PROJECTS WHICH IS YOU KNOW

76
00:16:02.528 --> 00:16:14.206
IN LINE OF SOME OF THOSE SAME CONCEPTS. ALL RIGHT NEXT STEPS IN ANTICIPATED TIMELINE IF APPROVED BY THE HRA TONIGHT THEN THE GOAL WOULD BE TO

77
00:16:14.206 --> 00:16:25.550
CLOSE ON THE LOTS WITH THE DEVELOPER IN JULY AND COMPLETE THE BIDDING PROCESS FOR CONSTRUCTION. BEGIN CONSTRUCTION FAIRLY SOON WITH A GOAL OF HAVING CONSTRUCTION COMPLETED EARLY TO MID NEXT YEAR AND THEN

78
00:16:25.550 --> 00:16:35.393
HAVING OCCUPANCY BY MIDDLE OF NEXT YEAR. >> OKAY. AND THEN THIS IS JUST A NOTE I KNOW THERE'S QUESTIONS AROUND HOW MUCH LARGER FUNDING HAVE

79
00:16:35.393 --> 00:16:46.104
WE COMMITTED WHERE WHERE DO WE STAND WITH LARGER RESOURCES AVAILABLE. AND SO THESE ARE THESE ARE CONFIRMED DOLLAR AMOUNTS THAT HAVE BEEN APPROVED BY THE HRA

80
00:16:46.104 --> 00:16:57.382
AND THE CITY COUNCIL. SO YOU CAN SEE THE EMERGENCY RENTAL ASSISTANCE WAS THERE THE HEIGHTS THIS PROJECT IS THE LAST ONE DOWN THERE OUT LAW DEVELOPMENT AND WE HAVE THE PROPOSED DOWNPAYMENT

81
00:16:57.382 --> 00:17:09.395
ASSISTANCE WHICH IS THE NEXT ITEM AND THEN IT'S A LITTLE CUT OFF THERE BUT THE SOUTHVIEW ESTATES REHAB PROJECT ALSO HAD A COMMITMENT OF LARGER AND WHERE DOES THIS PUT US FOR THE OVERALL DOLLARS

82
00:17:09.395 --> 00:17:19.137
THAT WE'VE RECEIVED? SO WE ANTICIPATE ABOUT 1.4 MILLION ANNUALLY OR SO FOR 2025 AND 26 THE 2024 AMOUNT WAS SLIGHTLY LOWER AND SO YES, THANK YOU VERY MUCH.

83
00:17:19.137 --> 00:17:31.182
SO YOU CAN SEE WITH THESE COMMITMENTS WHERE WE ARE WITH ACCORDING TO THE THE CATEGORIES OF SPENDING THAT WERE APPROVED WHICH ARE AFFORDABLE HOMEOWNERSHIP AND

84
00:17:31.182 --> 00:17:42.794
AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION HOW MUCH WE HAVE LEFT IN EACH OF THESE CATEGORIES. SO THERE'S STILL SIGNIFICANT BALANCE LEFT FOR LATER AND WE'RE ALSO MOVING FORWARD WITH SPENDING WITH SOME SOME

85
00:17:42.794 --> 00:17:54.239
PROJECTS WE HAVE A COUPLE OTHER PROJECTS STILL IN CONSIDERATION. WE WOULD ANTICIPATE BRINGING FORWARD ADDITIONAL PROPOSALS TO USE LARGER DOLLARS FOR THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM.

86
00:17:54.239 --> 00:18:05.517
WE ALSO TALKED ABOUT THE WILSON DEVELOPMENT PROJECT AT THE LAST MEETING. SO THESE ARE THE DOLLAR AMOUNTS ARE NOT CONFIRMED AND SO I HAVEN'T ASSIGNED DOLLAR AMOUNTS HERE BUT WE'RE ALSO WORKING WITH A COUPLE OF OTHER

87
00:18:05.517 --> 00:18:16.461
PROJECTS THAT MAY BE A GOOD MATCH FOR FOR LARGER FUNDS BUT STILL ASSESSING ELIGIBILITY AND THINGS LIKE THAT. OH OH, I'M SO SORRY.

88
00:18:16.461 --> 00:18:28.540
THIS IS THE WELL I WILL LEAVE IT HERE AND ASK FOR ANY QUESTIONS. I THINK I PUT THE WRONG MOTION ON THE SLIDE SO SORRY ABOUT THAT BUT YEAH I'M HERE AND THE DEVELOPER IS ALSO HERE TO

89
00:18:28.540 --> 00:18:39.418
ANSWER ANY QUESTIONS QUESTIONS COMMISSIONER I HAVE A COUPLE. FIRST OFF IS IT POSSIBLE TO GET A COPY TO SUMMARY BECAUSE I DON'T THINK IT WAS IN OUR PACKET. YES BE GOOD. CAN YOU SHARE WITH US THE

90
00:18:39.418 --> 00:18:50.862
EFFECTS OF PREVAILING WAGE ON PROJECTS THAT ARE IS AMALL DISEASE? YEAH I MIGHT ASK THE DEVELOPERS IN AN IN THE DETAILS OF THIS MUCH MORE THAN

91
00:18:50.862 --> 00:19:08.613
ME SO I MIGHT ASK THEM TO TALK ABOUT THAT A LITTLE BIT MORE . THANK YOU COMMISSIONERS SEAN DEVINE WH OUR LAW DEVELOPER

92
00:19:08.613 --> 00:19:22.627
AT PREVAILING WAGE AS A WHOLE NUMBER INCREASES CONSTRUCTION COSTS BY 25 TO 40%.

93
00:19:22.627 --> 00:19:33.505
IT'S DUE TO THE FACT THAT THERE IS THIS AS AS SARA ALLUDED TO, THERE'S SIGNIFICANT REPORTING REQUIREMENTS THAT FOR OUR

94
00:19:33.505 --> 00:19:45.384
SMALLER GENERAL CONTRACTORS TAKE UP QUITE A BIT OF THEIR TIME AND IT ALSO LIMITS THE POOL OF SUBCONTRACT ACTORS

95
00:19:45.384 --> 00:19:56.962
THAT HAVE EXPERIENCE DEALING WITH PREVAILING WAGE AND CAN REPORT ACCORDINGLY. I DID WANT TO COMMENT ON SARA

96
00:19:56.962 --> 00:20:08.240
HAD ALLUDED TO THE FACT OF OF EXPLORING OTHER TYPES OF CONSTRUCTION FOR THE ST MARK'S SITE.

97
00:20:08.240 --> 00:20:19.618
ONE ADVANTAGE THAT MODULAR HOUSING DOES HAVE IS THOSE ARE BUILT OFFSITE SO THEY'RE NOT

98
00:20:19.618 --> 00:20:30.862
FROM MY UNDERSTANDING THEY'RE NOT RESTRICTED TO THE PREVAILING WAGE SO YOU CAN KIND OF BUILD OFFSITE IN A FACTORY AND THEN PLACE AND CONSTRUCT ON SITE.

99
00:20:30.862 --> 00:20:43.642
SO WE'VE LOOKED INTO A LOT OF MODULAR COMPANIES ARE SEVERAL IN MINNESOTA WE HAVEN'T QUITE FOUND THE PROJECT THAT WORKS OUT FOR IT

100
00:20:43.642 --> 00:20:55.354
BECAUSE OF THERE'S AN EXTREME LEAD TIME BECAUSE OF THESE MODULAR UNITS ARE CONSTRUCTED IN A FACTORY AND A LOT OF TIMES THE LARGER APARTMENT

101
00:20:55.354 --> 00:21:09.301
BUILDINGS TAKE PRECEDENT OVER SMALLER INFILL PROJECTS. BUT WITH DEVON GEORGES MINNEAPOLIS LOCATION COMING

102
00:21:09.301 --> 00:21:20.378
ONLINE I THINK THAT COULD BE SOMETHING FOR THE CITY OF BLOOMINGTON TO EXPLORE. SORRY I KIND OF WENT OFF ON A TANGENT BUT APPRECIATE IT. THANK YOU.

103
00:21:20.378 --> 00:21:34.025
DID YOU HAVE A SECOND QUESTION I GOT WANT TO LET ME OTHER QUESTIONS COMMENTS OKAY WELL

104
00:21:34.025 --> 00:21:53.611
THEN WE NEED TO YOU HAVE THE MOTION LANGUAGE . OKAY ON TOP THERE. OKAY SO WE HAVE A MOTION TO

105
00:21:53.611 --> 00:22:04.189
APPROVE A RESOLUTION APPROVING GAP ASSISTANCE IN A CONTRACT FOR PRIVATE DEVELOPMENT WITHOUT ALLIED DEVELOPMENT LLC

106
00:22:04.189 --> 00:22:14.232
OF PROPERTY LOCATED AT 8313 BLEASDALE AVENUE SOUTH AND 1 TO 1 ZERO WEST 82ND STREET IN THE CITY OF BLOOMINGTON.

107
00:22:14.232 --> 00:22:29.348
SO MOVE MOVED BY COMMISSIONER WOOTEN SECOND SECOND BY COMMISSIONER ROBERTSON. MAY WE HAVE THE ROLL CALL VOTE THANK

108
00:22:33.618 --> 00:22:42.027
VIA WEBEX COMMISSIONER DOUBLING HER I COMMISSIONER ROBERTSON I AM COMMISSIONER CARTER I'M COMMISSIONER WOODEN

109
00:22:42.027 --> 00:22:52.236
I CHAIR MUELLER I SO MOTION PASSES FIVE ZERO. NEXT ITEM 5.2 DOWN PAYMENT ASSISTANCE AGREEMENT WITH

110
00:22:52.236 --> 00:23:18.062
HABITAT FOR HUMANITY MAY WE HAVE THE STAFF REPORT ? ALL RIGHT. I'M GLAD FOR THE PRESENTATION

111
00:23:18.062 --> 00:23:25.536
TURNOVER BECAUSE IT GIVE ME A MOMENT TO GRAB MY WATER SO OKAY. ALL RIGHT.

112
00:23:25.536 --> 00:23:43.822
WELL OKAY, SOME BACKGROUND ON THIS PROJECT AS WELL. SO THIS IS A CONTRACT FOR DOWNPAYMENT ASSISTANCE WITH TWIN CITIES HABITAT FOR

113
00:23:43.822 --> 00:23:54.466
HUMANITY LANDING ALSO KNOWN WITH A VERY LONG ACRONYM S T C H F H LENDING AND THE HRA. SO THIS THIS PROGRAM HAS BEEN UNDER DISCUSSION SINCE 2023.

114
00:23:54.466 --> 00:24:04.776
THERE WAS AN MOU, A MEMORANDUM OF UNDERSTANDING APPROVED IN DECEMBER 2023 AND SO HOW ABOUT HABITAT HAS BEEN CONTINUING TO WORK ON THIS PROGRAM AND ANTICIPATING

115
00:24:04.776 --> 00:24:16.454
ISSUING LOANS IN ANTICIPATION OF A FORMAL CONTRACT SO THAT IS ACTION BEFORE THE BOARD TONIGHT AND THAT IS TO APPROVE THE FORMAL CONTRACT AND ALSO THE USE OF LOCAL AFFORDABLE HOUSING EIGHT OR LAW FOR THIS PURPOSE.

116
00:24:16.454 --> 00:24:25.196
ALSO I JUST WANT TO ACKNOWLEDGE THE HISTORY OF THIS PARTICULAR ITEM WHICH IS THAT IT IS ONE OF THE HRA HAS A GOAL AND A MISSION OF SERVING THOSE MOST MARGINALIZED THROUGH ALL

117
00:24:25.196 --> 00:24:37.208
OF ITS PROGRAMS AND WE ARE ALSO IN AN ENVIRONMENT WITH SOME CHANGING FEDERAL GUIDELINES. AND SO THIS IS AN EXAMPLE OF A PROGRAM THAT HAS BEEN ADJUSTED AND BROADENED IN ORDER TO FULFILL THOSE FEDERAL

118
00:24:37.208 --> 00:24:48.186
REQUIREMENTS. OKAY. SO WHY LARGER AND THERE'S A COUPLE REASONS WHY LA IS BEING PROPOSED FOR THIS CONTRACT. IT'S A GOOD MATCH FOR THE USE.

119
00:24:48.186 --> 00:25:01.132
IT'S AN ONGOING USE. WE DO ANTICIPATE THAT ANNUAL INFUSION OF LARGER DOLLARS FROM THE STATE AND THE HRA. THE CITY COUNCIL APPROVE THIS

120
00:25:01.132 --> 00:25:12.244
5050 SPLIT SO THIS CLEARLY FOLLOWS INTO THE AFFORDABLE HOMEOWNERSHIP CATEGORY AND WE'VE BEEN CONSIDERING USING DOWNPAYMENT ASSISTANCE FOR THIS USE IN PREVIOUS ACTION ITEMS BEFORE THE HRA IN THE

121
00:25:12.244 --> 00:25:21.252
CITY COUNCIL. THIS WAS IDENTIFIED AS A POTENTIAL USE FOR THESE FUNDS THE ELIGIBILITY LINES INCLUDING THE INCOME REQUIREMENTS SO LARGER REQUIRES US TO PRIORITIZE

122
00:25:21.252 --> 00:25:33.364
FAMILIES AT 80% OR BELOW AREA MEDIAN INCOME OR AM I FOR HOMEOWNERSHIP PROJECTS? IT DOES ALLOW US TO GO UP TO 115% OF AMI BUT THE REQUIRED

123
00:25:33.364 --> 00:25:47.278
PRIORITIZATION IS 80% AND SO AND HABITAT'S PROGRAM ALSO IS TAILORED FOR FOLKS AT 80%. AM I IT ALSO HAS BEEN A GOOD

124
00:25:47.278 --> 00:25:58.623
GAP RESOURCE. SO AS YOU CAN SEE FROM THE PREVIOUS ITEM AND SOME OF THE PROJECTS THAT WE HAVE IDENTIFIED TO USE LA FOR IT HAS BEEN USED AS A FAIRLY FLEXIBLE AND A GOOD GAP

125
00:25:58.623 --> 00:26:10.301
RESOURCE FOR CITIES AND COUNTIES TO USE FOR DIFFERENT TYPES OF PROJECTS. >> THIS IS THE SAME INFORMATION THAT WAS IN THE PREVIOUS ONE.

126
00:26:10.301 --> 00:26:20.678
I'M JUST TRYING TO ACKNOWLEDGE WHERE WE ARE WITH LA SPENDING WITH EVERY ITEM YOU CAN SEE BOTH OF OUR ACTIONS HERE TONIGHT FOR UNDER CONSIDERATION THERE AND THEN AGAIN THE CATEGORY BREAKDOWN

127
00:26:20.678 --> 00:26:32.223
OKAY THE TERMS OF THE CONTRACT ARE THE FIRST $250,000 PAYMENT WOULD BE ISSUED UPON CONTRACT EXECUTION AFTER HABITAT SUBMITS EVIDENCE OF QUALIFYING

128
00:26:32.223 --> 00:26:42.700
EXPENDITURES, THEY WOULD BE ELIGIBLE TO RECEIVE ANOTHER $250,000. PAYMENTS CANNOT BE ISSUED MORE THAN ANNUALLY SO IT IS CAPPED AT THAT MAXIMUM 250,000 PER YEAR AND AGAIN HAS TO HAVE

129
00:26:42.700 --> 00:26:53.311
EVIDENCE OF QUALIFYING EXPENDITURES. IT IS A FIVE YEAR TERM 2026 WOULD BE THE FIRST YEAR FOR THE PAYMENTS GOING THROUGH 2030. THE CONTRACT DOES HAVE THE

130
00:26:53.311 --> 00:27:04.889
ABILITY TO TERMINATE AT ANY TIME AND WE'VE BUILT INTO THE REPORTING REQUIREMENTS IN THIS CONTRACT. SO ANNUAL REPORTING TO THE AGENCY SOME OF THE OTHER REPORTING REQUIREMENTS

131
00:27:04.889 --> 00:27:15.133
INCLUDED OUR COPY OF AN EXECUTED PURCHASE AGREEMENT AND THEN SOME INFORMATION ABOUT WHO'S BEING SERVED THROUGH THESE DOLLARS HOUSEHOLD INCOME AMOUNT OF ASSISTANCE, PROPERTY PURCHASE PRICE FOR EACH

132
00:27:15.133 --> 00:27:26.010
PAYMENT ISSUED AND THEN THIS DOES INCLUDE IT'S WELL IT'S IT'S CALLED SERVICING AND NAVIGATION FEE I BELIEVE IS

133
00:27:26.010 --> 00:27:36.520
THE CORRECT LANGUAGE THERE FOR A 2500 PER LOAN ISSUE WHICH CANNOT EXCEED 10% OF THE TOTAL PAYMENT AMOUNT. SO THERE IS SOME DOLLARS IN THERE FOR HABITAT TO BE ABLE TO COVER THE EXPENSES

134
00:27:36.520 --> 00:27:49.968
OF ISSUING THESE THESE PAYMENTS. OUR NEXT STEPS IF APPROVED THEN THE CONTRACT WOULD BE EXECUTED AND HABITAT WOULD

135
00:27:49.968 --> 00:28:00.245
RECEIVE THEIR FIRST PAYMENT AND THEN BE ELIGIBLE FOR MORE PAYMENTS BEGINNING IN 2027 WITH THE CONTRACT PROPOSE CONTRACT REQUIREMENTS OF ANNUAL REPORTING AND UPDATES PROVIDED TO THE HRA

136
00:28:00.245 --> 00:28:14.659
AND THIS IS THE CORRECT MOTION BUT ACTUALLY WE HAVE HABITAT FOR HUMANITY IS HERE TO GIVE A SHORT PRESENTATION ON THEIR PROGRAM I HOPE.

137
00:28:14.659 --> 00:28:25.436
GOOD EVENING EVERYONE. IT'S NICE TO BE HERE WITH YOU. MY NAME IS BETHANY NAGIN. I AM SHE HER PRONOUNS I AM THE DIRECTOR OF LENDING AT T C H OF H LENDING INC WHICH IS THE

138
00:28:25.436 --> 00:28:36.981
LENDING SUBSIDIARY OF TWIN CITIES HABITAT FOR HUMANITY. A LITTLE BACKGROUND ON HABITAT FOR HUMANITY. OUR MISSION IS TO WE BRING PEOPLE TOGETHER TO CREATE, PRESERVE AND PROMOTE AFFORDABLE HOMEOWNERSHIP AND

139
00:28:36.981 --> 00:28:48.593
ADVANCE RACIAL EQUITY IN HOUSING. YOU CAN SEE A LITTLE SNAPSHOT HERE WE CURRENTLY HAVE OVER 1600 HOMEOWNERS THAT WE HAVE

140
00:28:48.593 --> 00:28:59.938
WORKED WITH. WE HAVE DONE OVER 2000 HOME REPAIR PROJECTS IN OUR PRESERVATION WORK. WE ENGAGE WITH OVER 15,000 VOLUNTEERS ANNUALLY AND THEN

141
00:28:59.938 --> 00:29:08.346
WE ALSO HAVE THREE RETAIL LOCATIONS. THOSE ARE OUR STORES WHERE WE WORK ON SUSTAINABILITY AND YOU KNOW WE YOU KNOW, KEEPING THINGS OUT OF LANDFILLS AND

142
00:29:08.346 --> 00:29:20.191
COLLECTING DONATIONS. SO IT'S KIND OF LIKE THE OVERARCHING OF THE WORK THAT WE DO. SO ON THE HOUSING CONTINUUM, EVERYTHING FROM EMERGENCY

143
00:29:20.191 --> 00:29:32.503
SHELTER TO HOMEOWNERSHIP IS AN IMPORTANT STEP AND WE REALLY SPECIALIZE IN THE HOMEOWNERSHIP SPACE OF THAT IN THAT HOMEOWNERSHIP SPACE WE OPERATE IN THE SEVEN COUNTY

144
00:29:32.503 --> 00:29:42.880
METRO AREA. WE WORK WITH HOUSEHOLDS THAT ARE 30 TO 80% AMI AND AS FIRST TIME HOMEBUYERS AND THE PRODUCTS AND SERVICES THAT WE

145
00:29:42.880 --> 00:29:56.995
HAVE THIS IS A LITTLE BIT ABOUT THE DIFFERENCE BETWEEN OUR PARENT ORGANIZATION TWIN CITIES, HABITAT FOR HUMANITY AND OUR SUBSIDIARY TCHC LENDING INC.

146
00:29:56.995 --> 00:30:08.706
SO TWIN CITIES HABITAT FOR HUMANITY IS DEVELOPING HOMES THERE. WE HAVE A FINANCIAL COACHING PROGRAM TO HELP PREPARE HOUSEHOLDS FOR HOMEOWNERSHIP

147
00:30:08.706 --> 00:30:20.385
AND THEY PROVIDE AFFORDABILITY ASSISTANCE IN THE IN DOWNPAYMENT ASSISTANCE AS WELL AS THE DEVELOPMENT OF THE PROPERTIES.

148
00:30:20.385 --> 00:30:30.127
THE SUBSIDIARY IS WHOLLY OWNED BY THE PARENT AND SO LENDING INC TS H H LENDING INC WHICH THAT IS OUR LEGAL NAME IT WAS WE JUST NEVER THOUGHT IT WOULD

149
00:30:30.127 --> 00:30:43.874
BE A PUBLIC NAME AND TURNS OUT IT IS BUT SO WE APPROVED THE MORTGAGE LOANS TO BORROWERS. WE MEET REGULATION AND COMPLIANCE RULES. WE'RE RESPONSIBLE FOR ALL OF THE MORTGAGE ACTIVITIES

150
00:30:43.874 --> 00:30:54.885
ORIGINATION SERVICING. WE'RE A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND SO WE ALSO PARTICIPATE IN THE COMMUNITY IN THAT WAY BEFORE I

151
00:30:54.885 --> 00:31:05.996
SKIPPED THAT I'LL STAY ON THIS SLIDE SO WE HAVE A THE STRUCTURE OF OUR MORTGAGES AND HOW WE CREATE AFFORDABLE HOMEOWNERSHIP IS THAT WE WORK

152
00:31:05.996 --> 00:31:18.175
WITH A HOUSEHOLD BOARD AND WE START WITH THEIR MONTHLY INCOME AND WE MAKE THEIR MORTGAGE PAYMENT SO PROPERTY ARE PRINCIPAL INTERESTS TAXES,

153
00:31:18.175 --> 00:31:29.487
INSURANCE AND HOA DUES OR LAND TRUST GROUNDLESS FEES IF APPLICABLE I'LL GO INTO THAT PAYMENT AND WE LIMIT THAT PAYMENT TO 30% OF THEIR MONTHLY INCOME.

154
00:31:29.487 --> 00:31:39.630
AND SO AN EXAMPLE OF THAT IS A FAMILY OF FOUR AT 50% AMI IS GOING TO APPROXIMATELY HAVE ABOUT $600 A MONTH TO GO TOWARDS THEIR MORTGAGE PAYMENT

155
00:31:39.630 --> 00:31:51.175
AND AT ABOUT 5.75 INTEREST RATE WHICH YOU KNOW INTEREST RATES CAN CHANGE BUT JUST FOR THIS EXAMPLE THAT WOULD GET

156
00:31:51.175 --> 00:32:08.893
THEM I BELIEVE UP TO ABOUT A 2000 OR 2800 EITHER 27 TO 278 SORRY MATH IN MY HEAD IS HARD

157
00:32:08.893 --> 00:32:20.204
270,000 TO $280,000 PRINCIPAL SO THAT'S WHAT THEY'RE PURCHASING POWER WOULD BE WITHOUT ANY DOWN PAYMENT ASSISTANCE. I THINK YOU MIGHT ALL BE AWARE THE AVERAGE HOME COSTS ARE

158
00:32:20.204 --> 00:32:31.382
MUCH HIGHER THAN THAT. SO WHAT WE PROVIDE IS ALSO DOWNPAYMENT ASSISTANCE LOANS TO HELP WITH THAT AFFORDABILITY GAP. SO WE HAVE MULTIPLE SOURCES

159
00:32:31.382 --> 00:32:39.823
THAT WE USE OUR OWN FUNDS THAT WE'VE RAISED THROUGH PHILANTHROPY. WE ALSO SEEK SIMILAR RESOURCES. MINNESOTA HOUSING IMPACT FUNDS, FHA I'LL BE YOU KNOW,

160
00:32:39.823 --> 00:32:54.272
DIFFERENT CITIES COUNTIES H.R. IS THAT HAVE YOU KNOW FUNDS THAT CAN BE USED SO WE THEN FILL IN THAT AFFORDABILITY GAP

161
00:32:54.272 --> 00:33:03.815
BETWEEN THE ACTUAL PURCHASE PRICE OF THE HOME AND WHAT THAT AFFORDABLE FIRST MORTGAGE IS TO QUALIFY FOR OUR PROGRAM YOU NEED TO BE A RESIDENT

162
00:33:03.815 --> 00:33:15.593
OF THE SEVEN COUNTY METRO AREA FOR AT LEAST THE PAST 12 MONTHS. YOU HAVE TO BE A FIRST TIME HOMEBUYER AND THOSE INCOME RANGES THE 30 TO 80% INCOME

163
00:33:15.593 --> 00:33:26.504
RANGE IF SOMEONE'S IN OUR PROGRAM AND THEY'VE BEEN ACCEPTED AND THEY ARE BELOW 80% BUT THEY HAPPEN TO TIP OVER LIKE THEY GET A RAISE OR A NEW JOB THAT PAYS A LITTLE BIT MORE AS LONG AS THEY STAY

164
00:33:26.504 --> 00:33:35.446
UNDER 100%. AMI WE STILL WILL ALLOW THEM TO STAY IN OUR PROGRAM. WE DON'T WANT TO DISINCENTIVIZE ANYONE FROM YOU

165
00:33:35.446 --> 00:33:47.592
KNOW, IMPROVING AND SO THAT'S THE THE BASICS OF HOW OUR OUR PROGRAM WORKS AND WHO OUR CLIENTS ARE SO IN OUR HISTORY

166
00:33:47.592 --> 00:34:02.240
WE CURRENTLY HAVE NINE CLIENTS WHO ARE IN PROCESS WHO CURRENTLY LIVE IN BLOOMINGTON. WE HAVE 27 HOMEOWNERS THAT ARE CURRENT CLIENTS OF OURS SO

167
00:34:02.240 --> 00:34:12.750
THEY HAVE AN ACTIVE MORTGAGE THAT THEY ARE PAYING AND WORK AND HAVE PURCHASED IN BLOOMINGTON SO OF ALL TIME AND THEN IN THE PAST 30 MONTHS WE'VE HAD SEVEN HOMEOWNERS WHO

168
00:34:12.750 --> 00:34:27.164
HAVE ACHIEVED HOMEOWNERSHIP IN BLOOMINGTON WITH THE HELP OF OUR OUR PROGRAM AND THE DOWNPAYMENT ASSISTANCE IS AVAILABLE TO THE AVERAGE

169
00:34:27.164 --> 00:34:39.477
HOMEOWNER PROFILE IN THE PACKET YOU RECEIVED THERE WAS A CHART WITH A BREAKDOWN AND A LITTLE BIT MORE DETAIL BUT THE AVERAGE INCOME AND THIS IS

170
00:34:39.477 --> 00:34:52.757
OF THOSE SEVEN HOUSEHOLDS THAT JUST PURCHASED IN THE LAST 30 MONTHS SO SINCE DECEMBER OF 2023 SO THE AVERAGE INCOME IS 67,000 WITH AN AVERAGE AMI

171
00:34:52.757 --> 00:35:05.202
OF 63% THE AVERAGE AMOUNT OF DOWNPAYMENT THEY RECEIVED WAS 42,200. THE AVERAGE PURCHASE PRICE WAS

172
00:35:05.202 --> 00:35:15.546
301,000 APPROXIMATELY FIVE OUT OF THE SEVEN OF THOSE HOUSEHOLDS WERE A FEMALE HEAD OF HOUSEHOLD. 73% OF THE CLIENTS WERE BLACK,

173
00:35:15.546 --> 00:35:26.691
INDIGENOUS OR PEOPLE OF COLOR IN THAT CHART YOU CAN SEE THE BREAKDOWN OF THAT. WE BREAK DOWN OUR OUR DEMOGRAPHICS OF RACE INTO WE

174
00:35:26.691 --> 00:35:39.503
HAVE BLACK AND AFRICAN AMERICAN WHICH IS WHAT WE DEFINE AS FOUNDATIONAL AND BLACK HOUSEHOLDS AND THEN ALSO BLACK IMMIGRANT HOUSEHOLDS. SO WE HAVE DISAGGREGATED THAT

175
00:35:39.503 --> 00:35:50.714
DATA. SO YOU CAN SEE IN THAT CHART THE PERCENTAGES THERE'S A LITTLE HISTORY ON THAT. WE FOUND IN OUR PRACTICE WHEN WE WHEN WE STARTED TO

176
00:35:50.714 --> 00:36:01.993
DESEGREGATE THAT DATA WE SAW DIFFERENT SUCCESS RATES AND THERE'S A LARGER DISPARITY OF HOMEOWNERSHIP IN THE FOUNDATIONAL BLACK COMMUNITY

177
00:36:01.993 --> 00:36:13.804
COMPARED TO ALL OTHER RACIAL GROUPS. AND SO WHEN WE DISAGGREGATED THAT DATA WE DISCOVERED THAT THAT GROUP WAS NOT ACHIEVING SUCCESS IN OUR PROGRAM EITHER.

178
00:36:13.804 --> 00:36:24.981
AND SO WE MADE SIGNIFICANT CHANGES TO OUR PROGRAMING EVERYTHING FROM HOW WE SHOW UP IN COMMUNITY TO OUR HOW YOU APPLY TO THE PROGRAM GO THROUGH THE PROGRAM TO MAKE

179
00:36:24.981 --> 00:36:35.860
SURE THAT WE WEREN'T UNINTENDED ONLY LEAVING GROUPS BEHIND. SO OUR PROGRAM IS AVAILABLE TO ANYONE WHO QUALIFIES ON THE THOSE THINGS THAT I LISTEDUT

180
00:36:35.860 --> 00:36:46.837
WE HAVE INTENTIONALLY WANTED TO IMPROVE THE THAT RACIAL HOMEOWNERSHIP GAP IN THE TWIN CITIES. AND SO YOU KNOW THESE

181
00:36:46.837 --> 00:36:55.746
STATISTICS ARE JUST THAT IT'S HARD TO LIKE YOU KNOW IT'S LIKE FOR ME LIKE STATISTICS TEND TO JUST FLOW RATE OVER MY HEAD BUT YOU KNOW WORKING WITH

182
00:36:55.746 --> 00:37:08.592
THESE SPECIFIC CLIENTS LIKE I KNOW THE NAMES OF THESE SEVEN PEOPLE AND OR SEVEN HSEHOLDS AND THEY ARE THE MOST RECENT

183
00:37:08.592 --> 00:37:20.171
TWO FROM EARLIER THIS YEAR WE KNOWING THAT WE HAD THIS AGREEMENT WE YOU KNOW WE WERE ABLE TO INCREASE THE AMOUNT OF DOWNPAYMENT ASSISTANCE ON

184
00:37:20.171 --> 00:37:32.216
TOP OF THE OTHER RESOURCES WE ALREADY HAD FOR A FEW HOUSEHOLDS WHO WE KNEW WERE INTERESTED IN LIVING IN BLOOMINGTON. SO WE ADDED THAT TO THEIR PREAPPROVAL BECAUSE I DID FORGET TO MENTION WE OUR

185
00:37:32.216 --> 00:37:43.594
MORTGAGE CAN BOTH BE USED TO BUY A HOUSE THAT WE'VE DEVELOPED AS HABITAT FOR HUMANITY OR YOU CAN TAKE OUR MORTGAGE AND GO WORK WITH A REAL ESTATE AGENT AND JUST SHOP FOR HOUSES OUT THERE AND

186
00:37:43.594 --> 00:37:54.271
THEN WE PROVIDE SOME DOWNPAYMENT ASSISTANCE. SO WE WERE ABLE TO ADD, YOU KNOW, $50,000 TO PEOPLE'S PRE APPROVALS AND WE IMMEDIATELY SAW THEM ACHIEVE SUCCESS. THEY HAD BEEN LOOKING FOR A

187
00:37:54.271 --> 00:38:04.080
FEW MONTHS AND WE'RE NOT ACHIEVING WHAT THEY WERE LOOKING FOR AND THEN ONCE WE WERE ABLE TO ADD IT WAS THE AMOUNT THAT WOULD JUST PUSH THEM OVER THE EDGE INTO SUCCESS AND FINDING WHAT THEY

188
00:38:04.080 --> 00:38:16.627
WERE LOOKING FOR. SO IT WAS IT WAS PRETTY IT WAS STARKLY IMPACTFUL TO TO SEE THE DIFFERENCE THAT AS SOON AS WE WERE ABLE TO ADD THAT WE

189
00:38:16.627 --> 00:38:27.471
WERE AND THEN AND THEN WE WERE OUT OF WE WERE WE HAD HIT OUR CAPS. SO THERE'S DEFINITELY MORE POTENTIAL WAITING. OH HERE'S THAT CHART RIGHT

190
00:38:27.471 --> 00:38:38.716
THERE. SO IF YOU HAVEN'T LOOKED AT IT BUT YOU CAN SEE A SIGNIFICANT PORTION OF OUR CLIENTS ARE FOUNDATIONAL BLACK AMERICANS

191
00:38:38.716 --> 00:38:49.894
AS WELL AS YOU KNOW, KIND OF REPRESENTING ALMOST MOST PEOPLE GROUPS AS WELL. I THINK THAT'S ALL. DO YOU HAVE ANY QUESTIONS FOR

192
00:38:49.894 --> 00:39:03.307
ME OR SARAH? MY QUESTIONS COMMENTS COMMISSIONER CARTER YOU WANT TO START? NO. OKAY. COMMISSION RULE.

193
00:39:03.307 --> 00:39:15.252
I HAVE A COUPLE. SARAH, CAN YOU EXPLAIN TO US BECAUSE I'M QUITE AWARE OF THE 2023 MOU I WAS ONE OF THE

194
00:39:15.252 --> 00:39:26.030
COMMISSIONERS WHO ACTUALLY HAD A CHANCE TO SIGN OFF ON THAT. CAN YOU EXPLAIN TO US WHAT'S DIFFERENT FROM THAT MOU SPECIFICALLY?

195
00:39:26.030 --> 00:39:36.006
>> YES, COMMISSIONERS THAT MOU WAS RESTRICTED TO IS ONLY TO THE FOUNDATIONAL BLACK HOUSEHOLDS THAT WERE TALKED ABOUT IN THIS PROGRAM.

196
00:39:36.006 --> 00:39:45.983
THIS CONTRACT IS AVAILABLE TO ANYONE WHO APPLIES FOR A DOWN PAYMENT ASSISTANCE THROUGH HABITAT. CAN YOU WALK US THROUGH WHEN

197
00:39:45.983 --> 00:39:57.094
THAT WAS CHANGED? THE RECOMMENDATION IS TO APPROVE THE CONTRACT NOW. SO THIS VOTE TONIGHT WOULD WOULD MEMORIALIZE THAT CHANGE

198
00:39:57.094 --> 00:40:10.741
INTO A FORMAL CONTRACT THAT COME BEFORE THE BOARD? YES, THAT IS YES. SO THE MOU SO THERE HAS BEEN

199
00:40:10.741 --> 00:40:22.986
NO PAYMENTS ISSUED BASED ON THE MOU. OH, SORRY. I JUST RAISED MY PODIUM HERE. THERE HAVE BEEN NO PAYMENTS ISSUED ON THAT MOU. WE WANTED TO MAKE IT INTO A FORMAL CONTRACT BEFORE WE

200
00:40:22.986 --> 00:40:36.900
ISSUED PAYMENTS AND SO THAT IS THE ACTION BEFORE THE BOARD TONIGHT TO APPROVE THE FORMAL CONTRACT AND THEN BEGIN THE PROCESS OF ISSUING PAYMENTS .

201
00:40:36.900 --> 00:40:48.278
I'M A LITTLE UNCLEAR. I'M NOT SURE YOU COMPLETELY ANSWERED COMMISSIONER WOOTEN'S QUESTION ABOUT THE TIMELINE OF LIKE WHEN DID THIS CHANGE AND IS THAT AM I CORRECT?

202
00:40:48.278 --> 00:40:59.389
YEAH. YEAH IT IS DIFFERENT THAN WHAT WE SIGNED OFF ON IN 2023 COMPLETELY DIFFERENT AND THERE'S BEEN NO I MAYBE I'M WRONG BUT THERE'S BEEN NO DISCUSSION BEFORE THE BOARD

203
00:40:59.389 --> 00:41:10.901
THAT THERE WAS GOING TO BE A CHANGE AND I AND I'M JUST CURIOUS AS TO WHEN THAT OCCURRED. YEAH. CHAIR AND COMMISSIONER SO WE'VE HAD CONVERSATIONS WITH HABITAT OVER THE LAST YEAR TO

204
00:41:10.901 --> 00:41:19.909
WORK ON THE PROCESS OF NEGOTIATING THIS AGREEMENT SO DURING THAT TIME WE'VE BEEN YOU KNOW HAVING CONVERSATIONS ABOUT THE PROGRAM, ALSO HAVING SOME CONVERSATIONS AROUND CHANGING FEDERAL GUIDELINES

205
00:41:19.909 --> 00:41:29.253
AND TRYING TO UNDERSTAND HOW THAT APPLIES TO THAT YOU AND SO THE FORMAL ACTION THE FIRST FORMAL ACTION FOR THE BOARD TONIGHT IS IS TO BRING THAT

206
00:41:29.253 --> 00:41:48.339
CHANGE TO YOU FOR APPROVAL OKAY. OTHER QUESTIONS COMMISSIONER CARTER SO SO BASED ON THE

207
00:41:48.339 --> 00:41:57.347
PRESENTATION TONIGHT, MY UNDERSTANDING IS THAT ALTHOUGH BECAUSE OF CHANGES AT THE FEDERAL LEVEL SO WHAT I'M HEARING IS CHANGES AT THE

208
00:41:57.347 --> 00:42:10.560
FEDERAL LEVEL ARE NOW STAFF ARE FEELING LIKE THERE ARE SOME CHANGES TO THE LANGUAGE IN THE MOU THAT NEED TO BE MADE FOR A VARIETY OF REASONS . OBVIOUSLY WE HAVE SEEN WITH

209
00:42:10.560 --> 00:42:22.139
THIS ADMINISTRATION HAS DONE TO PROGRAMS THAT FOCUS ON DIVERSITY EQUITY AND INCLUSION AND I HONESTLY DON'T EVEN

210
00:42:22.139 --> 00:42:33.117
THINK WE'VE SEEN THAT BEGINNING IN THE HUD SPACE. BUT BUT WHAT I'M HEARING IN THE PRESENTATION THAT YOU JUST GAVE FROM HABITAT FOR HUMANITY IS THAT AND CORRECT ME IF I'M WRONG EVEN IF OUR

211
00:42:33.117 --> 00:42:44.361
LANGUAGE IS BROADER IN THE CONTRACT IT SOUNDS LIKE THE PROGRAM PRIORITY FOR HABITAT FOR HUMANITY IS TO REDUCE THE DISPARITY GAP IN TERMS

212
00:42:44.361 --> 00:42:52.970
IN HOMEOWNERSHIP. SO EVEN IF IT'S NOT IN THE CONTRACT THAT IS THE PRIORITY. YEAH, THAT'S CORRECT. WE I MEAN AS A THAT'S PART WHY I SHARED OUR MISSION STATEMENT

213
00:42:52.970 --> 00:43:07.050
IS THAT WE REWROTE OUR MISSION STATEMENT I THINK PROBABLY ABOUT 5 OR 6 YEARS AGO TO INCLUDE THAT AS LIKE PART OF WHO WE ARE AS AN ORGANIZATION.

214
00:43:07.050 --> 00:43:17.026
AND SO MOVING FORWARD YOU WILL CONTINUE TO PRIORITIZE RACIAL EQUITY AND REDUCING THAT GAP IN HOMEOWNERS SHIP. YES, THAT'S AND PARTICULARLY

215
00:43:17.026 --> 00:43:28.238
FOR FOUNDATIONAL BLACK FAMILIES AND I MEAN DO YOU ANTICIPATE THAT PRIORITY CHANGING HABITAT FOR HUMANITY ? ARE YOU GUYS FEELING PRESSURE?

216
00:43:28.238 --> 00:43:38.916
NO, WE ARE CONTINUING FORWARD WITH OUR DIVERSITY EQUITY INCLUSION EFFORTS. WE ARE BEING VERY MINDFUL

217
00:43:38.916 --> 00:43:53.497
OF YOU KNOW, FEDERAL INFLUENCES AND BUT WE ARE TAKING A BRAVE STANCE AND SO WE DO STILL DO WORK IN WE HAVE

218
00:43:53.497 --> 00:44:05.808
A SPECIAL PURPOSE CREDIT PROGRAM THAT WE THAT IS STILL CURRENTLY LEGAL AND WHILE IT IS LEGAL WE CONTINUE TO MOVE FORWARD WITH THAT. SO LIKE OUR GENERAL PROGRAM IS

219
00:44:05.808 --> 00:44:16.587
OPEN TO EVERYONE BUT WE DO HAVE YOU KNOW OUR SPECIAL PURPOSE CREDIT PROGRAM LEGAL UNDER THE EQUAL CREDIT OPPORTUNITY ACT AND THEN WE

220
00:44:16.587 --> 00:44:29.433
HAVE ALSO ENGAGED IN COMMUNITY AND MODIFIED OUR PROGRAMS IN WAYS SO THAT WHETHER WITH TO TO BE AN ORGANIZATION THAT

221
00:44:29.433 --> 00:44:41.078
HAS A RELATIONSHIP THAT WE CAN USE THAT TO HELP ACHIEVE THE GOAL OF REDUCING RACIAL HOMEOWNERSHIP GAPS WITHOUT HAVING NECESSARILY JUST PROGRAMS THAT LIMIT ACCESS TO

222
00:44:41.078 --> 00:44:52.522
A SPECIFIC GROUP. SO IT'S A A STRATEGY OF BOTH RIGHT NOW AND WE ARE POISED TO PIVOT AS NEEDED BUT WE ARE

223
00:44:52.522 --> 00:45:01.665
FIRM IN OUR COMMITMENT TO THE MISSION OF REDUCING THE THE RACIAL HOMEOWNERSHIP GAP WITH WHATEVER TOOLS WE HAVE AVAILABLE TO US AT THE TIME. OKAY.

224
00:45:01.665 --> 00:45:15.445
SO WITH THESE RESOURCES PROGRESS WILL STILL BE MADE IN REDUCING RACIAL INEQUITIES IN HOMEOWNERSHIP. WE JUST ARE NOT GOING TO INCLUDE THE ARE THE

225
00:45:15.445 --> 00:45:27.224
RECOMMENDATION FROM STAFF IS JUST NOT TO MAKE THAT LIKE EXPLICITLY STATE THAT IN THE CONTRACT THE RECOMMENDATION IS TO NOT RESTRICT IT TO A PARTICULAR YES YEAH BUT AGAIN

226
00:45:27.224 --> 00:45:36.833
HABITAT FOR HUMANITY THAT'S ONE OF YOUR PRIORITIES, CORRECT? OKAY. AND THEN MY OTHER QUESTION KIND OF DIFFERENT TRACK HERE

227
00:45:36.833 --> 00:45:48.579
AND DO YOU GET A LOT OF REQUESTS FROM PEOPLE IN BLOOMINGTON OR A LOT OF REQUESTS TO LIVE IN BLOOMINGTON? I'M JUST KIND OF TRYING TO UNDERSTAND LIKE THE DEMAND THAT YOU'RE SEEING. YEAH, THAT'S A GREAT QUESTION.

228
00:45:48.579 --> 00:46:03.060
SO WHEN I WAS LOOKING THROUGH OUR OUR CUSTOMER DATABASE WE HAVE A CRM, A CUSTOMER RELATIONS MANAGEMENT SYSTEM. I NEVER WANT TO ASSUME ACRONYMS SO I'M PLEASE DON'T

229
00:46:03.060 --> 00:46:14.071
FEEL LIKE I WAS PATRONIZING YOU EITHER BUT SO I WAS PULLING DIFFERENT REPORTS TO SEE YOU KNOW, WHAT ACTIVITY WE HAD AND WE HAD LIKE 8 OR 900

230
00:46:14.071 --> 00:46:24.982
INQUIRIES FROM PEOPLE LIVING IN BLOOMINGTON. >> THAT DOES NOT MEAN THAT ALL OF THOSE WERE ELIGIBLE BUT IT WAS A SIGNIFICANT AMOUNT AND

231
00:46:24.982 --> 00:46:37.761
THAT ALSO HAS OVER A UNDEFINED AMOUNT OF TIME WE'VE BEEN AN ORGANIZATION SINCE 1985. I DON'T THINK THE TRACKING OF THAT DATA GOES BACK THAT FAR BUT I DIDN'T I DON'T

232
00:46:37.761 --> 00:46:45.869
ACTUALLY HAVE OFFHAND LIKE HOW FAR BACK THAT DATA GOES. I WOULD IMAGINE AT LEAST TEN YEARS. OKAY. THANK YOU.

233
00:46:45.869 --> 00:47:01.952
YEAH I HAVE A COUPLE QUESTIONS AND MAYBE IT'S CLARIFICATION. SO THIS MONEY WAS GRANTED

234
00:47:01.952 --> 00:47:12.696
IN 2023 AND YOU'VE BEEN TALKING AND IT'S TAKEN TWO AND A HALF YEARS TO COME UP WITH A DOWN PAYMENT ASSISTANCE. I'M A LITTLE CONFUSED ON THAT. WHY IS SUCH A GAP AND I KNOW

235
00:47:12.696 --> 00:47:24.241
THE WHEELS OF GOVERNMENT TURN SLOWLY SO I'M NOT NAIVE TO THAT. BUT IN THIS COURSE OF DISCUSSION WHEN DID YOU

236
00:47:24.241 --> 00:47:35.585
RECEIVE KNOWLEDGE OF THE FEDERAL ISSUES AND THAT WE COULDN'T FOCUS SOLELY ON RACE AND WHEN DID THOSE DISCUSSIONS COME ABOUT AND THAT STOP FORWARD MOMENTUM?

237
00:47:35.585 --> 00:47:43.227
I'M REALLY TRYING TO UNDERSTAND I JUST FEEL LIKE ALL OF A SUDDEN NOW AND I KNOW AND I DO HAVE A STATEMENT TO READ FROM ANOTHER BOARD MEMBER

238
00:47:43.227 --> 00:47:58.475
WHO IS IN HERE LIKE WHY WHY NOW? WHY ARE WE JUST HEARING ABOUT THIS NOW? >> YEAH CHAIR COMMISSIONERS I CAN KIND OF WALK THROUGH THE TIMELINE SO THAT MOU WAS

239
00:47:58.475 --> 00:48:10.887
APPROVED IN 2023 AND 2024 THERE WAS SIGNIFICANT STAFF OVER FROM BOTH HABITAT AND THE HRA. I MYSELF WAS NOT IN THE POSITION AT THAT TIME SO IN 2020 I WOULD SAY EARLY 2025

240
00:48:10.887 --> 00:48:22.466
WE HAVE RECONNECTED AND STARTED TO REESTABLISH WORK TOWARDS WE REALIZE THERE WAS NOT A FORMAL CONTRACT AND SO WE WANTED TO ESTABLISH A FORMAL CONTRACTING PROCESS INSTEAD OF AN MOU SO THE

241
00:48:22.466 --> 00:48:34.144
CONVERSATIONS DID START LAST YEAR AND THEN IT'S BEEN AS YOU SAID THE WHEELS OF GOVERNMENT ARE SLOW. SOME OF THE REGULATIONS COMING OUT ARE ALSO TAKES TIME TO UNDERSTAND THEM AND UNDERSTAND

242
00:48:34.144 --> 00:48:45.288
THEIR IMPACT. SO WE'VE HAD NUMEROUS KIND OF LOOKING INTO WHAT ARE THE REGULATIONS, WHAT IS ALLOWED OR ABOUT WHAT IS ALLOWABLE, WHAT'S NOT ALLOWABLE AND HOW ARE WE GOING TO MOVE FORWARD WITH ISSUING A CONTRACT FOR

243
00:48:45.288 --> 00:48:55.332
THIS PROGRAM. SO THAT'S KIND OF IN BRIEF WHAT IT TOOK SO LONG AND HOW WE GOT HERE. >> SO IN THAT TIME WITH SO NO

244
00:48:55.332 --> 00:49:06.543
FUNDS WERE DISPERSED? CORRECT SINCE WE RECEIVED THE MONEY OKAY. THEN AGAIN, WHEN DID WHEN DID

245
00:49:06.543 --> 00:49:18.321
YOU RECEIVE KNOWLEDGE OF THE FEDERAL ISSUES THAT YOU CAN'T WE CAN'T FOCUS ON WHAT WE ORIGINALLY DECIDED IN 23 YEAH CHAIR COMMITTEE IT'S BEEN KIND

246
00:49:18.321 --> 00:49:27.430
OF AN EVOLVING PROCESS. IT'S NOT JUST ONE ACTION. THERE WERE REPEATED ACTIONS BOTH IN 2025 AND IN 2026. SO IT'S NOT JUST BEEN I MEAN THERE WASN'T ONE MOMENT WHERE EVERYTHING CHANGED AND WE

247
00:49:27.430 --> 00:49:37.573
COULD REACT ACCORDINGLY. THERE'S BEEN SLOWLY EVOLVING GUIDANCE OVER THE COURSE OF THE LAST SEVERAL YEARS HERE SO THERE ARE A NUMBER OF DIFFERENT ACTIONS AND EACH

248
00:49:37.573 --> 00:49:49.152
ONE TAKES TIME TO ASSESS AND UNDERSTAND AND MOVE FORWARD FROM. SHE WILL HELP HELP WALK US THROUGH WITH THE NORMAL PROCESS IS FOR POLICY CHANGES

249
00:49:49.152 --> 00:49:59.396
LIKE THAT BECAUSE IT MY UNDERSTANDING IS THOSE USUALLY COME BEFORE THE BOARD FOR DISCUSSION SO HELP ME UNDERSTAND WHERE THE BREAKDOWN

250
00:49:59.396 --> 00:50:10.841
IN COMMUNICATION WAS HERE SO THE POLICY HASN'T CHANGED UNTIL NOW. SO BETWEEN THE MOU BEING ISSUED IN 2023 OR SIGNED IN DECEMBER 2023 TO NOW THERE

251
00:50:10.841 --> 00:50:21.284
HASN'T BEEN A FORMAL POLICY CHANGE BECAUSE YOU'RE RIGHT THAT IS A BOARD ACTION AND SO THAT'S WHAT WE'RE BRINGING FORWARD THIS EVENING IS TO CONSIDER THE FORMALIZED CONTRACT WITH THE POLICY

252
00:50:21.284 --> 00:50:36.066
CHANGE COMMISSION. THANK YOU CHAIR PARDON ME WOULD IT BE HELPFUL FOR OUR UNDERSTANDING AND PLEASE TELL ME IF IT'S NOT TO RECOGNIZE

253
00:50:36.066 --> 00:50:48.511
THAT THE MOU, THE MEMORANDUM MEMORANDUM OF UNDERSTANDING WAS NOT THE FORMAL CONTRACT THAT WAS THE BEGINNING OF THE DISCUSSION OF THE CONTRACT TONIGHT IS IT THAT IS WHEN IT

254
00:50:48.511 --> 00:50:59.389
IS COMING BEFORE THE BOARD AND SO THIS IS THE DISCUSSION RIGHT NOW. IS THAT A FAIR ASSESSMENT? YES, THAT'S FAIR. YES. AND IS WOULD IT ALSO BE FAIR TO SAY THAT WE ARE NOT WE BUT

255
00:50:59.389 --> 00:51:13.503
THERE WAS WITRAWAL OF SOME GUIDANCE IN THE FALL OF 2025 THAT REALLY IMPACTS THESE DECISIONS GOING FORWARD PER STAFF GUIDANCE IS THAT CORRECT ? YES. THANK YOU.

256
00:51:13.503 --> 00:51:24.314
I HAVE BEEN ASKED TO READ A STATEMENT BY COMMISSIONER WHO CAME WHO CAN'T BE AT THIS MEETING TONIGHT. SHE SAID UH GOOD AFTERNOON CHAIR MUELLER AND VICE CHAIR

257
00:51:24.314 --> 00:51:36.359
WOOTEN. WHILE I AM UNABLE TO ATTEND TONIGHT'S HRA MEETING I WOULD LIKE MY COMMENTS REGARDING ITEM 5.2 RESOLUTION AUTHORIZING A DOWN PAYMENT

258
00:51:36.359 --> 00:51:47.670
ASSISTANCE AND SERVICE AGREEMENT BETWEEN HABITAT FOR HUMANITY AND HRA AND IN THE PUBLIC RECORD I HAVE SIGNIFICANT CONCERNS REGARDING BOTH THE TIMELINE AND THE

259
00:51:47.670 --> 00:51:57.447
EVOLUTION OF THIS ITEM FROM THE BOARD'S ORIGINAL DISCUSSION TIONS TO THE PROPOSAL CURRENTLY BEFORE US. MY UNDERSTANDING IS THAT CONVERSATIONS SURROUNDING THIS

260
00:51:57.447 --> 00:52:10.527
INITIATIVE HAVE ORIGINALLY BEGAN IN FEBRUARY 2023 WITH FINAL DISCUSSION AND APPROVAL OF MOU OCCURRING IN DECEMBER

261
00:52:10.527 --> 00:52:19.502
23RD. BASED ON THOSE DISCUSSIONS I BELIEVE THIS PROGRAM WAS EITHER ALREADY ACTIVE OR MOVING TOWARD IMPLEMENTING AND SHORTLY THEREAFTER AS A RESULT

262
00:52:19.502 --> 00:52:31.381
I DO NOT HAVE A CLEAR UNDERSTANDING AS TO WHY THE HRA IS NOW REVISITING THIS MATTER MORE THAN TWO YEARS LATER, PARTICULARLY WHEN THERE APPEARS TO BE AN EXPECTATION

263
00:52:31.381 --> 00:52:43.126
THAT THE BOARD WOULD RECEIVE REGULAR UPDATES, PROGRAM STATS AND PROGRESS REPORTING ON AN ONGOING BASIS. WHILE I UNDERSTAND THERE HAVE BEEN LEADERSHIP AND STAFFING

264
00:52:43.126 --> 00:52:54.571
TRANSITIONS DURING THIS TIME FRAME AND EXTENDED GAP IN COMMUNICATION AND REPORTING ON A PROGRAM MANY OF US BELIEVED WAS ALREADY BEING ADMINISTERED IS CONCERNING AT

265
00:52:54.571 --> 00:53:07.017
THIS TIME I DO NOT FEEL I HAVE SUFFICIENT HISTORICAL CONTEXT OR RECOLLECTION OF THE ORIGINAL DISCUSSIONS COMMITMENT RATES AND EXPECTATIONS SURROUNDING THIS INITIATIVE TO CONSIDER PLEASE

266
00:53:07.017 --> 00:53:18.227
SUPPORT MOVING FORWARD WITH THE PROPOSED ACTION TONIGHT I WOULD LIKE TO SEE A MORE COMPREHENSIVE REVIEW PROVIDED TO THE BOARD REGARDING THE FULL HISTORY AND INTENT OF THE

267
00:53:18.227 --> 00:53:31.207
ORIGINAL MOU THE IMPLE IMPLEMENT PATIENT TIMELINE ORIGINALLY DISCUSSED FUNDING COMMITMENTS PREVIOUSLY CONTEMPLATED BY THEIR HRA WHICH I CALL TOTAL RECALL

268
00:53:31.207 --> 00:53:42.552
TOTALING MORE THAN 1 MILLION OVER A FIVE YEAR PERIOD REPORTING AND ACCOUNTABILITY EXPECTATIONS TIED TO THE PROGRAM AND A DETAILED OVERVIEW OF THE CURRENT AND PROJECTED AND PROJECTED

269
00:53:42.552 --> 00:53:53.330
ALLOCATIONS OF LOCKHART FUNDS . I ALSO SPECIFICALLY RECALL THAT THIS INITIATIVE WAS ORIGINALLY PRESENTED AS A TARGETED EFFORT TO INCREASE

270
00:53:53.330 --> 00:54:05.508
AFFORDABLE HOME OWNERSHIP OPPORTUNE DUTIES AND HELP ADDRESS RACIAL EQUITY GAPS IN BLOOMINGTON HOUSING. MY UNDERSTANDING AT THE TIME WAS THAT THESE GOALS WERE

271
00:54:05.508 --> 00:54:16.352
CENTRAL TO THE PURPOSE AND JUSTIFICATION FOR THE PROGRAM AND THE ASSOCIATED FUNDING DISCUSSIONS ARE BASED ON THE SORRY NEED TO TAKE A DRINK

272
00:54:16.352 --> 00:54:28.898
BASED ON THE INFORMATION CURRENTLY BEFORE US IT APPEARS THE SCOPE, INTENT AND IMPLEMENTATION OF THE PROGRAM MAY NOW DIFFER FROM WHAT WAS ORIGINALLY DISCUSSED AND

273
00:54:28.898 --> 00:54:41.177
CONTEMPLATED BY THE BOARD. THAT RAISES CONCERNS FOR ME, PARTICULARLY GIVEN THE LACK OF CONSISTENT UPDATES OR TRANSPARENT DISCUSSION REGARDING ANY PROPOSED CHANGES

274
00:54:41.177 --> 00:54:50.086
TO THE PROGRAM STRUCTURE, INTENDED OUTCOMES OR ADMINISTRATE ACTION. I DO NOT BELIEVE THE HRA HAS BEEN PROVIDED SUFFICIENT HISTORICAL CONTEXT OR

275
00:54:50.086 --> 00:55:00.763
FINANCIAL CLARITY TO RESPONSIBLY EVALUATE WHETHER THE PROPOSED PROPOSAL BEFORE US REMAINS ALIGNED WITH THE PROGRAM ORIGINALLY DISCUSSED

276
00:55:00.763 --> 00:55:13.609
AND SUPPORTED BY THE BOARD. ADDITIONALLY, GIVEN THE NUMBER OF PROPOSED AND COMMITTED USES FOR LARGER FUNDS THAT HAVE RECENTLY BECOME BEFORE THE HRA, I AM NOT COMFORTABLE IN APPROVING THE PROPOSED

277
00:55:13.609 --> 00:55:25.254
ALLOCATION WITHOUT A CLEAR UNDERSTANDING OF THE OVERALL FINANCIAL POSITION AND LONG TERM SUSTAINABILITY OF LARGER FUNDING FOR THE REMAINDER OF THIS YEAR AND FUTURE BUDGET CYCLES.

278
00:55:25.254 --> 00:55:32.461
FOR THESE REASONS IF I WERE PRESENT THIS EVENING I WOULD BE ABSTAINING FROM THE VOTE ON ITEM 5.2. THANK YOU FOR INCLUDING THESE

279
00:55:32.461 --> 00:55:46.242
COMMENTS IN THE PUBLIC RECORD. COMMISSIONER WHO CAME TO YOU? ROBERTSON THANK YOU CHAIR AND I APPRECIATE COMMISSIONER

280
00:55:46.242 --> 00:55:57.920
KIM'S COMMENTS AND HER HER GUIDANCE. SHE'S A WONDERFUL COLLEAGUE TO WORK WITH SO I THANK HER FOR HER GIVING HER COMMENTS ON THIS MATTER. IF I MAY ASK AND AGAIN JUST

281
00:55:57.920 --> 00:56:06.496
FOR CLARIFICATION, PLEASE FEEL FREE TO CUT ME OFF AT ANY TIME. WOULD IT BE FAIR TO SAY THAT THE OVERARCHING GOAL TO COMMISSIONER CARTER'S POINT OF THE PROGRAM IS TO REDUCE

282
00:56:06.496 --> 00:56:18.040
DISPARITY IN HOMEOWNERSHIP ESPECIALLY FOR FOUNDATIONAL BLACK FAMILIES? CORRECT? RIGHT. AND TO THE CHANGE FROM THE MOU TO THE CONTRACT WE'RE BEING ASKED TO FORMALIZE THIS

283
00:56:18.040 --> 00:56:28.718
EVENING IS WE HAVE EXPANDED THE LANGUAGE AND WE'VE EXPANDED THAT LANGUAGE WITH THE RECOMMENDATION OF STAFF AND COUNCIL RIGHT SO AS TO

284
00:56:28.718 --> 00:56:40.697
ENSURE OR DO OUR BEST TO ENSURE THAT THESE FUNDS DON'T GET TO US AT THE FEDERAL LEVEL GET TAKEN AWAY OR HEAVEN FORBID CLAWED BACK. IS THAT ACCURATE TO SAY? YES, THAT'S CORRECT. PERFECT.

285
00:56:40.697 --> 00:56:51.407
THANK YOU. >>'M SORRY TO MAKE YOU REPEAT THE SAME THING OVER AND OVER AGAIN. I CERTAINLY DON'T MEAN TO BE REDUNDANT OR IRRITATING BUT JUST REALLY TRYING TO WRAP MY HEAD AROUND AND HELP OTHERS

286
00:56:51.407 --> 00:57:02.452
NEED TO WRAP THEIR HEAD AROUND THE LEVEL OF IT. SOUNDS TO ME LIKE WE'VE GOT SOME FOLKS WHO ARE REALLY CONCERNED ABOUT THE LEVEL OF CHANGES AND THAT THIS WASN'T WHAT THEY ORIGINALLY

287
00:57:02.452 --> 00:57:13.162
PERHAPS AGREED TO AND I THAT'S ONE OF THE REASONS I ASKED THE QUESTION EARLIER TO REALLY DRIVE HOME THAT THE MOU WAS NOT A FORMAL CONTRACT. THAT WAS A BEGINNING POINT

288
00:57:13.162 --> 00:57:24.006
OF DISCUSSION AND WHAT WE'RE BEING ASKED TO EVALUATE TONIGHT IS THE FORMAL CONTRACT WHICH IS VERY SIMILAR TO THE MOU AND THE GOALS THERE IN SIMPLY AN EXPANSION OF LANGUAGE. SO THAT WE DON'T RISK A LEGAL

289
00:57:24.006 --> 00:57:37.387
PUSHBACK FROM THE FEDS IS THAT YES, THAT IS ACCURATE. THANK YOU SO MUCH MR. CARTER. I GUESS TO THAT POINT UM OTHER

290
00:57:37.387 --> 00:57:48.965
THAN THE SLIGHT TWEAK IN THE LANGUAGE SO THAT WE DON'T GET TANGLED UP IN A LAWSUIT QUITE FRANKLY TO ME THE GOALS AND THE PURPOSE OF THE PROGRAM ARE STILL THE SAME.

291
00:57:48.965 --> 00:57:59.709
NOTHING ELSE HAS CHANGED. YES. CORRECT. UM, AND MAYBE THIS IS JUST UM I MEAN I DO AGREE I THINK THAT THERE COULD HAVE BEEN MORE

292
00:57:59.709 --> 00:58:11.354
COMMUNICATION ALONG THE WAY. UM, I MEAN I THINK FROM THE VERY BEGINNING OF THE TRUMP PRESIDENCY I THINK WE KNEW THAT THERE WERE GOING TO BE IMPACTS INTO THE HRA AND

293
00:58:11.354 --> 00:58:22.465
IN THE HOUSING SPACE AND SO BUT I SO I THINK THAT MORE FREQUENT COMMUNICATION ABOUT WHAT WAS HAPPENING IN THE PROGRAMS THAT WERE BEING IMPACTED AND JUST I THINK THAT WOULD HAVE BEEN HELPFUL ALONG THE WAY.

294
00:58:22.465 --> 00:58:33.676
AND SO I WOULD SAY MOVING FORWARD IF THERE ARE OTHER THINGS THAT STAFF ARE KIND OF FORESEEING MIGHT BE IMPACTED, IT WOULD JUST BE HELPFUL TO GIVE US THOSE UPDATES SO THAT WE ARE MENTALLY PREPARING FOR THOSE

295
00:58:33.676 --> 00:58:44.253
CHANGES AND NOT KIND OF CAUGHT OFF GUARD. UM BUT WITH THAT SAID I WILL SUPPORT THE CONTRACT AS IT IS TONIGHT BECAUSE IT IS MY

296
00:58:44.253 --> 00:58:56.165
UNDERSTANDING THAT YOU KNOW AN MOU IS NOT A BINDING DOCUMENT . IT IS TO START THE CONVERSATIONS. UM OBVIOUSLY A LOT OF STAFF CHANGE A HUGE CHANGE AT THE ADMINISTRATION.

297
00:58:56.165 --> 00:59:06.909
I MEAN OUR WHOLE OUR WORLDS HAVE BEEN COMPLETELY IT'S A WE ARE IN A DIFFERENT WORLD COMPARED TO TWO YEARS AGO SO IT MAKES SENSE TO ME THAT THIS WOULD LOOK DIFFERENT NOW AND

298
00:59:06.909 --> 00:59:20.122
HONESTLY WE KNOW THAT PEOPLE NEED THIS HELP NOT RIGHT NOW BUT LIKE YESTERDAY TWO YEARS AGO. AND SO WE NEED TO GET THESE DOLLARS OUT THE DOOR.

299
00:59:20.122 --> 00:59:31.200
WE NEED TO GET THEM TO HABITAT FOR HUMANITY IN A PROGRAM WHERE THEY FOCUS ON REDUCING RACIAL DISPARITIES IN HOMEOWNERSHIP. THAT IS THE PURPOSE OF THAT PROGRAM. WE'RE JUST TWEAKING THE LANGUAGE.

300
00:59:31.200 --> 00:59:42.478
SO I WANT TO GET THESE DOLLARS OUT THE DOOR. I WANT TO MAKE AN IMPACT IN OUR COMMUNITY. DO I WISH WE COULD KEEP THE LANGUAGE AS IT WAS AN MOU? ABSOLUTELY. I ALSO KNOW PLENTY

301
00:59:42.478 --> 00:59:53.523
OF ORGANIZATIONS AND PEOPLE IN ORGANIZATIONS WHO ARE IN LAWSUITS RIGHT NOW WITH BECAUSE OF THE ADMINISTRATION AND SO I WOULD RATHER NOT BE THE CASE HERE AND NOT BE ABLE TO SPEND THOSE DOLLARS AND

302
00:59:53.523 --> 01:00:04.367
HAVE THOSE DOLLARS CLAWED BACK. SO YEAH, TO ME THE THE ORIGINAL INTENT IS STILL GOING TO HAPPEN. IT'S JUST WE HAVE TO BE

303
01:00:04.367 --> 01:00:15.845
STRATEGIC ABOUT HOW WE SET UP THESE DOCUMENTS SO THAT'S WHAT I'VE GOT. >> THANK YOU COMMISSIONER. WELL WHILE I DON'T DISAGREE WITH YOU, JUST THANK YOU, MR. CARTER.

304
01:00:15.845 --> 01:00:27.857
YOU KNOW THE FACT THAT THIS IS BEING SPOKEN ON THIS EVENING I PERSONALLY WOULD LIKE TO TABLE THIS UNTIL THE NEXT MEETING JUST SO WE HAVE A LITTLE MORE TIME TO DISCUSS SOME THINGS I'M NOT ADVOCATING THAT WE

305
01:00:27.857 --> 01:00:39.202
DON'T ONE BUT I JUST THINK THIS IS A SUDDEN CHANGE AND A SIGNIFICANT CHANGE AND ALTHOUGH WE HAVE THE ENCOURAGING STATEMENT FROM

306
01:00:39.202 --> 01:00:50.880
HABITAT, YOU KNOW, I'M MORE CONCERNED WITH THE FACT WE STAND AS A AS A BODY GIVEN THIS IS AN ISSUE GOING FORWARD AND THERE'S A LOT OF OTHER PROJECTS OUT THERE THAT HAVE

307
01:00:50.880 --> 01:01:00.789
THE SAME KIND OF OPPORTUNITY TO MAKE SIGNIFICANT DIFFERENCES FOR MARGINALIZED COMMUNITIES. I JUST DON'T THINK IT IS POINT TIME. WE CAN IN GOOD CONSCIENCE GO FORWARD.

308
01:01:00.789 --> 01:01:10.566
I'M NOT SAYING WE HAVE TO YOU KNOW, TOTALLY NOT DO ANYTHING BUT I LIKE TO BE AT A TABLE. ISN'T IT THE NEXT MEETING THAT'S I'D LIKE TO BE ABLE TO MOVE A MOTION TO TABLE THIS INTO THE NEXT MEETING.

309
01:01:10.566 --> 01:01:28.584
DO WE HAVE A SECOND ? UH, HONESTLY, I CAN'T DECIDE. I WANT TO SECOND IT. I AGREE WITH WHAT COMMISSIONER

310
01:01:28.584 --> 01:01:39.328
WHO KINGHAM HAS SAID AND YOU KNOW SOME OF HER COMMENTS ARE BEFORE SEEING THE BREAKDOWN OF WHERE THE MONEY IS GOING AND THIS IS GOING TO LAST BECAUSE THAT WAS THE

311
01:01:39.328 --> 01:01:47.736
SIGNIFICANT QUESTION WE HAD LAST TIME. SO SOME INFORMATION QUESTION SHE RAISED IN HERE AND IF SHE WAS HERE I WOULD BE SAYING

312
01:01:47.736 --> 01:01:58.914
THIS HEY, YOU KNOW, WE WE DO HAVE SOME OF THESE THESE ANSWERS. I AM CONFLICTED.

313
01:01:58.914 --> 01:02:10.626
I AM EXTREMELY FRUSTRATED WITH THE LACK OF COMMUNICATION AND HOW WE DIDN'T FIND OUT ABOUT THIS. I MEAN I FEEL LIKE IT'S VERY

314
01:02:10.626 --> 01:02:24.373
SIGNIFICANT PART OF THE OF THE MEMBER OF YOU KNOW, OF THE MOU AND THAT THIS IS REALLY REALLY GOING TO BE A FOCUS WAS

315
01:02:24.373 --> 01:02:34.483
FOCUSING ON, YOU KNOW, RACIAL DISPARITY PARTICULARLY BLACK HOMEOWNERSHIP UM AND I DO FEEL WE SHOULD HAVE BEEN TOLD ABOUT

316
01:02:34.483 --> 01:02:46.028
THIS EARLIER UM I ALSO AGREE WITH COMMISSIONER CARTER THAT PEOPLE NEED THIS MONEY YESTERDAY AND THAT WE DON'T

317
01:02:46.028 --> 01:02:58.174
AND THAT WE DON'T WANT TO HOLD IT UP. BUT I ALSO THINK THAT PERHAPS DELAYING IT FOR UNTIL OUR NEXT MEETING AND WHETHER THAT'S THE

318
01:02:58.174 --> 01:03:07.817
MEETING IN JULY OR WE CAN CONVENE A MEETING SOONER UM I ,I WILL SECOND THE MOTION TO

319
01:03:07.817 --> 01:03:21.297
TABLE IT TELL OUR NEXT MEETING . COMMISSIONER CARTER THANK YOU. I I'M COMFORTABLE WITH THAT THE TABLING OPTION I GUESS I

320
01:03:21.297 --> 01:03:32.842
MY ONLY QUESTION WOULD BE IS THERE ANY ARE THERE ANY OTHER TIMELINES OR THINGS LIKE THAT THAT THIS WOULD IMPACT YOU KNOW, ARE THE IS THERE A REASON THAT WE WOULD NEED TO DO IT TONIGHT VERSUS WAITING A

321
01:03:32.842 --> 01:03:44.820
MONTH? >> YEAH TURN COMMISSIONERS I DON'T BELIEVE THERE IS A REQUIRED DECISION TO MAKE TONIGHT NO ALSO IN THE INITIAL UPDATES LATER THIS EVENING I

322
01:03:44.820 --> 01:03:53.996
WILL BE ACTUALLY SUGGESTING WE HOLD THE DATE OF A SECOND MEETING IN JUNE SO WE COULD POTENTIALLY BRING IT BACK EVEN EARLIER THE NEXT MONTH AND IN TWO WEEKS TIME.

323
01:03:53.996 --> 01:04:06.108
COMMISSIONER ROBERTSON THANK YOU CHAIR AND THIS IS SUPER BRIEF. I JUST WANTED TO MAKE NOTE AND HAVE STAFF CONFIRM FOR US IF THEY COULD THAT IN VERY LATE MARCH HUD ACTUALLY DID BEGIN INVESTIGATE AN ORGANIZATION IN WASHINGTON STATE.

324
01:04:06.108 --> 01:04:17.687
IS THAT CORRECT? THAT HAD VERY STRICT RACIAL THAT HAD VERY STRICT LANGUAGE IN THEIR PROGRAM. >> I'M NOT SURE WHICH STATE ARE. OH SURE. I'M IN THE THE MEMORANDUM WE

325
01:04:17.687 --> 01:04:28.697
RECEIVED IT WAS THE STATE OF WASHINGTON. THAT'S WHAT IT SAYS THEN. YES. FORMAL THANK YOU SO MUCH. THANK YOU. I JUST THOUGHT THAT WOULD THAT'S A AN IMPORTANT POINT TO BRING UP ESPECIALLY IN TERMS OF TIMELINE THAT WE ARE SEEING

326
01:04:28.697 --> 01:04:38.373
THIS START IN OTHER STATES. CORRECT. BECAME TO ADD I CERTAINLY IF IF THE REST OF THE BODY IS FEELING LIKE WE SHOULD TABLE THIS UNTIL OUR NEXT MEETING AND I I'M HEARING STAFF SAY

327
01:04:38.373 --> 01:04:47.716
THAT WE'RE HOPING TO HAVE A SECOND MEETING IN JUNE I COULD ALSO BE AGREEABLE TO THAT. OKAY THEN WE HAVE A MOTION

328
01:04:47.716 --> 01:05:01.097
IN A SECOND TO TABLE TO VOTE UNTIL OUR NEXT MEETING SO I BELIEVE NEXT WE NEED TO DO A ROLL CALL VOTE VIA WEBEX

329
01:05:01.097 --> 01:05:12.974
COMMISSIONER DOUBLING HER HIGH COMMISSIONER ROBERTSON I COMMISSIONER CARTER I'M COMMISSIONER WOODEN I CHAIR

330
01:05:12.974 --> 01:05:25.387
MUELLER I SO THE MOTION PASSES 5 TO 0 FIRST JUST A QUICK QUESTIONOR THE BOARD IS THERE ANY ADDITIONAL INFORMATION FROM STAFF THAT YOU WOULD LIKE FOR THAT PRESENTATION AND IN TWO WEEKS

331
01:05:25.387 --> 01:05:37.933
TIME I DON'T FEEL I CAN ANSWER THAT RIGHT NOW. I'D NEED TO THINK ABOUT IT AND I WOULD CERTAINLY EMAIL YOU THE ADDITIONAL QUESTIONS. I THINK IF I COULD ADD

332
01:05:37.933 --> 01:05:48.911
ANYTHING IT WOULD PROBABLY BE PULLING OUT THE ADDITIONAL MOU AND THE DISCUSSION THERE. SO THAT WOULD BE A START. COMMISSIONER CARTER I DON'T NEED ANYTHING ELSE AND I DON'T

333
01:05:48.911 --> 01:05:59.955
THINK MY OPINION WILL CHANGE BUT WHAT I ALSO HEARD WAS MAYBE A BROADER CONVERSATION ABOUT THE POSITION OF THE HRA

334
01:05:59.955 --> 01:06:11.300
. YOU KNOW MY ASSUMPTION IS THAT WE ALL STAND FIRMLY STILL IN OUR COMMITMENT TO ADVANCING RACIAL EQUITY IN THE HOUSING SPACE AND I WOULD HOPE I'M GOING TO GUESS THAT HASN'T

335
01:06:11.300 --> 01:06:22.945
CHANGED. BUT THEN ALSO, YOU KNOW, A CONVERSATION AROUND HOW DO WE BE STRATEGIC IN CONTINUING TO ADVANCE THAT PRIORITY WHEN WE KNOW THAT THERE IS A HUGE THREAT FROM THIS

336
01:06:22.945 --> 01:06:33.989
ADMINISTRATION AND MAYBE I MEAN IT LOOKS LIKE WE'VE GOT THIS BOARD RETREAT AVAILABILITY SHEET HERE MAYBE THAT'S THE TOPIC FOR THE BOARD RETREAT. I THINK THAT WOULD PROBABLY BE A PRETTY MEATY CONVERSATION

337
01:06:33.989 --> 01:06:46.035
AND SO I JUST WANTED TO HIGHLIGHT THAT FROM COMMISSIONER WOOTEN'S REQUEST WHICH I THINK IS A GREAT A GREAT IDEA. SO THANK YOU.

338
01:06:46.035 --> 01:06:58.414
OKAY. THE NEXT ITEM IS 5.3 ALL THINGS HOUSING REPORT ME WE HAVE THE STAFF REPORT

339
01:07:25.241 --> 01:07:35.517
. WE JUST PICKED 11 SEPARATE. THANK YOU CHAIR COMMISSIONERS I'M HERE TO GIVE THE ANNUAL

340
01:07:35.517 --> 01:07:47.296
ALL THINGS HOUSING REPORT FULL DISCLOSURE I AM PINCH HITTING FOR DARLENE NAVARRO WHO WAS OUR PLANNER WORKING ON THIS PROJECT BUT HER LAST DAY WITH

341
01:07:47.296 --> 01:07:58.774
THE CITY WAS LAST WEEK SO SO I AM FAMILIAR WITH MOST OF THE DATA AND I'LL DO MY BEST AND SOME OF THE DETAILED QUESTIONS BUT IF THERE'S SOMETHING THAT

342
01:07:58.774 --> 01:08:09.218
GETS REALLY GRANULAR I MIGHT HAVE TO COME BACK LATER WITH SOME MORE DETAILS FOR YOU. BUT THIS YEAR'S ALL THINGS HOUSING REPORT IS A LITTLE BIT DIFFERENT FORMAT THAN IN THE

343
01:08:09.218 --> 01:08:20.829
PAST. WE'VE UTILIZED A PDF KIND OF BOOK IN THE PAST AND NOW WE ARE DOING A STORY MAP. IT'S A LITTLE MORE INTERACTIVE, A LITTLE MORE USER FRIENDLY AND ADAPTABLE

344
01:08:20.829 --> 01:08:32.541
AND CAN LET PEOPLE KIND OF INTERACT WITH THE DATA AND MUCH MORE INTERESTING AND COMPELLING WAY. SO I'M GOING TO UTILIZE THIS PAGE JUST KIND OF SCROLLING THROUGH AND SHOWING YOU THE

345
01:08:32.541 --> 01:08:43.718
MAP AND HOPEFULLY THIS CONTINUES TO WORK. SO AS YOU COULD SEE JUST I'LL JUST GIVE YOU A BRIEF OVERVIEW . THIS IS AVAILABLE ON OUR WELL

346
01:08:43.718 --> 01:08:57.366
ON OUR WEBSITE YOU CAN SEE KIND OF WHAT YOU TYPICALLY WOULD SEE AS CHAPTERS OR TOPIC AREAS THAT CAN KIND OF JUMP YOU TO DIFFERENT PARTS OF THE REPORT THAT PEOPLE CAN UTILIZE

347
01:08:57.366 --> 01:09:06.541
. AND SO IT'S REALLY KIND OF WHAT PEOPLE GET INTERESTED IN THEY CAN KIND OF JUMP TO IF THEY PREFER. SO I'LL JUST KIND OF WALK THROUGH IT BECAUSE IT KIND OF TELLS ITS OWN STORY AND HIT

348
01:09:06.541 --> 01:09:19.955
SOME HIGHLIGHTS HERE FOR YOU. BUT TOTAL POPULATION BLOOMINGTON IS JUST ABOUT 92,000 TODAY. THIS IS COMING FROM THE METROPOLITAN COUNCIL AND AS

349
01:09:19.955 --> 01:09:31.366
YOU'LL NOTICE THROUGHOUT THE REPORT THERE ARE VARIOUS SOURCES THAT WE PULL FROM PRIMARILY AMERICAN COMMUNITY SURVEY THROUGH THE CENSUS BUREAU. BUT SOMETIMES THE MET COUNCIL HAS MORE ACCURATE DATA AND

350
01:09:31.366 --> 01:09:42.911
SOMETIMES THEY'RE ASSESSING DIVISION HAS WELL HAS THE MOST ACCURATE DATA IN THE FIELD. SO WE HIGHLIGHT WITH THESE LITTLE EYE HERE WHERE THE SOURCE OF THAT DATA COMES FROM

351
01:09:42.911 --> 01:09:54.957
BUT AS YOU CAN SEE WE'RE ABOUT 92,000. WE'RE FORECAST TO CONTINUE TO GROW OUR AVERAGE HOUSEHOLD SIZE IS ABOUT 2.3. SO IT'S KIND OF LEVELED OUT IN THAT AREA IN THE PAST 20

352
01:09:54.957 --> 01:10:05.701
YEARS. BUT IT'S AN INTERESTING DATA POINT THAT WE LIKE TO TRACK ESPECIALLY WHEN YOU'RE THINKING ABOUT HOW MANY BEDROOMS DO WE NEED OR WE'RE TALKING ABOUT MISSING MIDDLE DO WE NEED TWO BEDROOM, THREE

353
01:10:05.701 --> 01:10:15.511
BEDROOM, FOUR BEDROOM? WHAT SHOULD WE BE PROMOTING SO OUR HOUSEHOLD SIDE SOMETHING WE LIKE TO TRACK AND YOU CAN SEE BACK IN 1970 WE HAD 3.76

354
01:10:15.511 --> 01:10:28.757
AVERAGE HOUSEHOLD SIZE. SO CLEARLY FAMILIES WERE LIVING IN BLOOMINGTON 50 YEARS AGO. WE HAVE ABOUT JUST ABOUT

355
01:10:28.757 --> 01:10:39.134
40,000 TOTAL HOUSEHOLDS IN BLOOMINGTON AND BLOOMINGTON TENDS TO SKEW A LITTLE BIT OLDER IN AGE. SO WE ARE A MEDIAN AGE OF 41

356
01:10:39.134 --> 01:10:52.514
AND A LITTLE OVER 20% OF OUR POPULATION IS OVER 65 AND THAT COUNCIL IS FORECASTING US TO CONTINUE WITH THAT HIGHER LEVEL OF SENIOR POPULATION

357
01:10:52.514 --> 01:11:01.390
THROUGH 2025 SO THAT THAT OLDER POPULATION WILL CONTINUE TO LIVE IN BLOOMINGTON. SO AGAIN THINKING OF THE TYPE OF HOUSING THAT WE'RE LOOKING TO ENCOURAGE SENIOR HOUSING

358
01:11:01.390 --> 01:11:14.769
WILL BE IS AND WILL BE A NEED FOR US 6,530% OF PEOPLE OVER 65 HAVE A DISABILITY AGAIN

359
01:11:14.769 --> 01:11:27.182
KIND OF ACCOMMODATING THOSE UNIQUE NEEDS IN HOUSING, RACE AND ETHNICITY IS SOMETHING THAT'S CHANGED OVER TIME TO 1970 WE WERE 1% BIPOC

360
01:11:27.182 --> 01:11:38.794
POPULATION. NOW WE'RE NEAR 35% AND OUR LARGEST POPULATIONS ARE BLACK OR AFRICAN-AMERICAN.

361
01:11:38.794 --> 01:11:48.537
AND HERE'S THE INTERACTIVE PART YOU CAN KIND OF CLICK ON THAT THE CHART HERE. SO 12% OF HISPANIC OR LATINO

362
01:11:48.537 --> 01:12:01.082
IS IT 11% AND THEN ASIAN IS THE NEXT LARGEST AT 5% AND THEN WE HAVE KIND OF THIS MAP HERE TO THE SIDE THAT SHOWS BY CENSUS TRACK KIND OF PERCENTAGE OF POPULATION

363
01:12:01.082 --> 01:12:09.157
THAT ARE BIPOC AND YOU CAN SEE IN SOME AREAS WE HAVE MUCH LARGER POPULATION OVER 50% TEND TO BE IN THAT EASTERN

364
01:12:09.157 --> 01:12:21.436
PART OF THE CITY. BLOOMINGTON ALSO HAS FAMILIES NOT WHAT WE HAD IN THE 70S BUT STILL PRETTY PRETTY COMPARABLE

365
01:12:21.436 --> 01:12:32.514
TO OUR COMMUNITY IS AROUND US. ABOUT 25% OF HOUSEHOLDS ARE CONSIDERED FAMILIES WITH CHILDREN UNDER 18. BUT A REALLY INTERESTING STATISTIC THAT JUMPED OUT TO

366
01:12:32.514 --> 01:12:43.025
ME READING THIS ABOUT 32% ARE SINGLE HOUSEHOLDS SINGLE PERSON HOUSEHOLDS. SO AGAIN THINKING OF DIFFERENT HOUSING TYPES WE WERE THINKING SMALLER COTTAGE MISSING MIDDLE

367
01:12:43.025 --> 01:12:53.402
CHILD MAYBE A SMALLER HOME WITH TWO BEDROOMS IS APPROPRIATE MEDIAN INCOME IS

368
01:12:53.402 --> 01:13:06.281
ABOUT 93,000 BUT THIS IS WHERE IT GETS REAL WONKY REAL QUICK FAMILY HOUSEHOLD IS ABOUT 120,000 BECAUSE YOU TYPICALLY TEND TO HAVE A DUAL INCOME HOUSEHOLD AND THEN IF YOU'RE

369
01:13:06.281 --> 01:13:17.259
MARRIED IT JUMPS UP A LITTLE BIT MORE TOO. SO THINKING WITH CHILDREN YOU TEND TO HAVE A HIGHER INCOME. SO THIS IS A CALL THIS OUT BECAUSE WE OFTEN TALK ABOUT

370
01:13:17.259 --> 01:13:28.636
80% AM I BUT THAT GETS CREATED BASED UPON NUMBER AND HOUSEHOLDS AND WE TYPICALLY SAY ABOUT I THINK LAST YEAR IS ABOUT 112 AS THE MEDIAN INCOME FOR A FAMILY OF FOUR SO THAT

371
01:13:28.636 --> 01:13:40.182
THAT'S A LITTLE BIT MORE COMPARABLE WHEN YOU THINK A MARRIED COUPLE OR MARRIED FAMILY IS PROBABLY ABOUT THEIR FAMILY OF FOUR

372
01:13:41.717 --> 01:13:48.990
AND THEN SINGLE HOUSEHOLD IS ABOUT 60,000. AND AGAIN WE'VE GOT A MAP HERE KIND OF SHOWING WHERE THAT MEDIAN INCOME TENDS TO BE

373
01:13:48.990 --> 01:14:02.337
HIGHER THROUGHOUT THE CITY. AND SO WHERE ARE PEOPLE WORKING IN BLOOMINGTON WE HAVE YOU CAN SEE A RICH, DIVERSE

374
01:14:02.337 --> 01:14:09.878
EMPLOYMENT STRUCTURE HERE IN BLOOMINGTON INDUSTRIAL. BUT A LOT OF OUR RESIDENTS LIVE IN OUR WORK IN KIND OF AN OFFICE ENVIRONMENT.

375
01:14:09.878 --> 01:14:22.357
SO OUR TOP IS THE WHAT IS IT CALLED THAT THE WASTE MANAGEMENT IT GETS REALLY IT'S AN INTERESTING TITLE THAT

376
01:14:22.357 --> 01:14:35.170
JUMPS OUT AT ME BUT REALLY IT'S JUST OFFICE TYPE WORK. BUT THEN WE HAVE MANAGEMENT OF COMPANIES WHICH IS UP THERE. WE'VE GOT HEALTH CARE 10%.

377
01:14:35.170 --> 01:14:47.249
WE'VE GOT RETAIL IS OBVIOUSLY A LARGE ONE WITH THE MALL OF AMERICA KIND OF DRIVING THAT EMPLOYMENT IN BLOOMINGTON. BUT AT THE SAME TIME WE HAVE A LARGER INDUSTRIAL BASE THAT

378
01:14:47.249 --> 01:14:59.061
OTHER COMMUNITIES DON'T HAVE AS WELL. YEP. SO IS THIS JOBS AVAILABLE IN BLOOMINGTON OR WHAT PEOPLE

379
01:14:59.061 --> 01:15:10.238
PLANNING TO DO FOR WORK LIKE PEOPLE WHO LIVE HERE DO FOR WORK THAT IS A GOOD QUESTION. I BELIEVE THIS IS I THERE'S A

380
01:15:10.238 --> 01:15:21.483
VERY GOOD QUESTION BECAUSE THERE IS A DISTINCTION OF PEOPLE WHO LIVE IN BLOOMINGTON WHERE THEY WORK. I BELIEVE THESE ARE ACTUALLY THE JOBS IN BLOOMINGTON JUST SO WE OFFER QUITE A RANGE.

381
01:15:21.483 --> 01:15:32.794
ABOUT A THIRD OF OUR POPULATION DOES LIVE AND WORK IN BLOOMINGTON SO IT'S SAFE TO I'M TRYING TO DRAW ON PAST KNOWLEDGE BUT WE'RE PRETTY

382
01:15:32.794 --> 01:15:41.636
SIMILAR IN OUR EMPLOYMENT OF OUR RESIDENTS TO OUR PRETTY DIVERSE KIND OF GIVING OUR CENTRAL LOCATION. YOU KNOW, WE CAN WE ACCESS MINNEAPOLIS PRETTY EASILY.

383
01:15:41.636 --> 01:15:52.613
THAT'S ACTUALLY OUR LARGEST FEEDER IS TO MINNEAPOLIS WHERE PEOPLE MOSTLY LIVE AND WORK IN BLOOMINGTON THAN MINNEAPOLIS THAN SAINT PAUL. SO NOT SURPRISING LARGE EMPLOYMENT CENTERS BUT WE'RE

384
01:15:52.613 --> 01:16:04.025
PRETTY MIXED IN OUR EMPLOYMENT TOO. BUT THAT IS A GOOD DISTINCTION WHERE YOU SHOULD CALL OUT AND IT MIGHT BE IN HERE ACTUALLY. >> OKAY. THANK YOU. ALSO I'M JUST VERY SURPRISED

385
01:16:04.025 --> 01:16:11.132
ACCOMMODATION AND FOOD SERVICE ISN'T MUCH HIGHER BUT YEAH SO I MEAN GOOD TO SEE THAT IT'S SO DIVERSE.

386
01:16:11.132 --> 01:16:25.213
YEAH AND I THINK YEAH SO OUR TOP EMPLOYERS HERE AND THIS MAP IS NOT QUITE LOADING CORRECTLY BECAUSE WE'RE NOT

387
01:16:25.213 --> 01:16:37.258
IN AFRICA. OH I DON'T KNOW WHAT THEY DID THERE THERE YOU GO. SO WE HAVE MALL OF AMERICA OBVIOUSLY IS OUR LOT ONE OF OUR LARGEST EMPLOYERS BUT

388
01:16:37.258 --> 01:16:48.970
WE ALSO HAVE HEALTH PARTNERS. THEY HAVE THEIR CORPORATE HEADQUARTERS HERE AND THEN BLOOMINGTON PUBLIC SCHOOLS IS ONE OF OUR TOP FIVE EMPLOYERS. AND YOU KNOW, THIS IS ACTUALLY PRETTY TYPICAL OF MOST COMMUNITIES.

389
01:16:48.970 --> 01:17:00.782
THE SCHOOL DISTRICT IS ONE OF THE LARGEST EMPLOYERS IN MOST COMMUNITIES AND THEN EVERNORTH IS ON THEIR EVERNORTH USED TO BE EXPRESS SCRIPTS SO PRESCRIPTION MEDICINE THEY HAVE THEIR HEADQUARTERS HERE ALSO

390
01:17:00.782 --> 01:17:11.092
IN BLOOMINGTON AND THEN SEAGATE AND WE HAVE TORO COMPANIES OUR UNEMPLOYMENT RATE IS PRETTY STABLE.

391
01:17:11.092 --> 01:17:22.837
YOU CAN SEE WE TRACK REAL CLOSELY WITH HEAD IMPACT HENNEPIN COUNTY IN THE STATE YOU SEE THAT LITTLE BLIP DURING COVID UP TO A 7.6%. BUT WHERE WE'RE PRETTY GOOD AT

392
01:17:22.837 --> 01:17:33.482
3.4% THAT MEANS PEOPLE ARE EMPLOYED AND YEAH SO THAT THAT'S A SIGNIFICANT THAT'S

393
01:17:33.482 --> 01:17:46.060
SIGNIFICANT 3.4 IS PROBABLY TIGHTER THAN THE MARKET REALLY IS. I'LL TALK ABOUT THIS A LITTLE BIT LATER WITH HOUSING TOO YOU WANT 6 OR 7 OR EVEN 8% BECAUSE THAT ALLOWS MOVEMENT BETWEEN

394
01:17:46.060 --> 01:17:57.538
EMPLOYMENT AND OPPORTUNITY. IS IS THE SERVICE INDUSTRY A PROPONENT OF MAKING THAT NUMBER JUMP LIKE THAT? YES, THAT WAS A LARGE PART OF IT.

395
01:17:57.538 --> 01:18:14.990
HOTEL AND ACCOMMODATIONS AND YEAH SO NEXT UP WE TALK A LITTLE BIT ABOUT HOUSING TENURE SO THAT'S ARE PEOPLE

396
01:18:14.990 --> 01:18:21.863
RENTERS OR ARE THEY OWNERS SO RIGHT NOW WE'VE GOT A MIX OF ABOUT 39% ARE RENTERS AND 61% ARE HOMEOWNERS.

397
01:18:21.863 --> 01:18:36.845
WE BREAK DOWN RENT BY BEDROOM TYPE SO THIS CAN SKEW QUITE A BIT. SO OBVIOUSLY THE LARGER THE UNITS THE LARGER THE RENT WILL BE. BUT MEDIAN GROSS RENT

398
01:18:36.845 --> 01:18:47.889
IN BLOOMINGTON IS ABOUT 1500. WE DO HAVE QUITE A BIT OF KIND OF ONE BEDROOM APARTMENTS. THEY KIND OF BRING THAT MEDIAN DOWN A LITTLE BIT. SO IT'S ALWAYS GOOD TO KIND OF TRACK WHERE WE ARE AGAINST

399
01:18:47.889 --> 01:18:56.031
THE METRO AS WELL. SO WE DO TEND TO HAVE A LITTLE BIT HIGHER RENTS THAN THE METRO AND THAT'S SOMETHING OUR

400
01:18:56.031 --> 01:19:11.846
ASSESSING DIVISION TRACKS VERY CLOSELY AND HOMEOWNERSHIP RIGHT NOW THE MEDIAN VALUE IS

401
01:19:11.846 --> 01:19:23.691
376,000 AND THAT'S VALUE. SO A LARGE PERCENT 56% IS IN THAT 300 TO 500 RANGE. SO AS WE WERE TALKING ABOUT 80% AM I IS RIGHT ABOUT 300,000 MAYBE A LITTLE BIT

402
01:19:23.691 --> 01:19:35.303
HIGHER BUT HALF OF OUR HOUSES ARE ABOVE THAT AND YOU KNOW AND THAT'S YOU CAN SEE HERE WHILE THAT'S LARGEST IT'S ONLY

403
01:19:35.303 --> 01:19:47.448
ABOUT 25% THAT'S BELOW THAT 25% ABOVE THAT. SO MIKE, DO WE KNOW OF THAT SINGLE FAMILY'S FREESTANDING OR ARE THERE SOME CONDOMINIUM

404
01:19:47.448 --> 01:19:58.793
TOWNHOME HOA TYPE UNITS IN THAT NUMBER? I BELIEVE THAT THIS IS ALL UNITS THE WAY THAT THIS WAS BROKEN DOWN. BUT YEAH, SO CONDOS TYPICALLY

405
01:19:58.793 --> 01:20:09.570
ARE MORE AFFORDABLE THAN STANDALONE SINGLE FAMILY AND THOSE THOSE TEND TO FALL IN THAT KIND OF 300 TO 50 RANGE. SO THAT'S WHERE YOU DO SEE

406
01:20:09.570 --> 01:20:18.612
THAT SIGNIFICANT AMOUNT HERE IN THAT 200 TO 90 BUT NINE BUT THESE ARE LIKELY NOT THERE MORE IN THE TOWNHOMES THAN THEY ARE IN THE IN THE SINGLE

407
01:20:18.612 --> 01:20:30.759
FAMILY OR THE CONDO UNITS. BUT YEAH, 75% HERE YOU'RE LOOKING ABOVE WHAT IS

408
01:20:30.759 --> 01:20:42.603
ATTAINABLE BY SOMEONE MAKING 80% AM I? AND SIMILARLY LIKE I HAD MENTIONED BEFORE, WE HAVE A VACANCY RATE OF ONLY 4% SO

409
01:20:42.603 --> 01:20:53.548
THAT'S PRETTY LOW. IT'S YOU KNOW, IT'S NOT THE TIGHTEST WE'VE EVER BEEN BUT IT ALSO MEANS THAT THERE'S NOT A WHOLE LOT AVAILABLE WHICH IS ALSO DRIVES UP THAT THAT RENT

410
01:20:53.548 --> 01:21:05.026
RATE OR THAT HOME VALUE. SO THERE THAT MEANS PEOPLE AREN'T ALSO MOVING OR FEEL COMFORTABLE MOVING BECAUSE THEY MIGHT NOT FIND SOMETHING AT LEAST WITHIN BLOOMINGTON.

411
01:21:05.026 --> 01:21:16.504
SO WE'RE IN A METRO AREA. WE COMPETE WITH OTHER COMMUNITIES THAT MIGHT HAVE DIFFERENT VACANCY RATES AND DIFFERENT PRICES. SO THAT IS SOMETHING WE WE LOOK AT TRACKING BUT THIS

412
01:21:16.504 --> 01:21:27.215
GIVES YOU THAT BREAKDOWN TOO OF THAT SINGLE FAMILY HOMES WE HAVE ABOUT 21,000 SINGLE FAMILY HOMES. WE HAVE 17,000 MULTIFAMILY

413
01:21:27.215 --> 01:21:41.629
RENTAL BUT WE'VE GOT TOWNHOMES ABOUT 3000 WELL AND THAT MULTIFAMILY ACTUALLY INCLUDES SOME CONDOS AS WELL. CAN I ASK ANOTHER QUESTION?

414
01:21:41.629 --> 01:21:52.440
IS THERE AN ACCOUNTING OF HOMES THAT ARE EITHER UNDER CONSTRUCTION AND OR UNITS THAT ARE UNDER CONSTRUCTION OR UNITS THAT ARE LET'S SAY IN THE CASE OF A LARGE COMPLEX

415
01:21:52.440 --> 01:22:04.018
IT IS IN THE PROCESS OF BEING REHABILITATED THAT WE TAKE INTO CONSIDERATION OR AT LEAST ARE ABLE TO GET ANY NUMBERS RELATIVE TO THAT. YEP. THAT THAT'S SOMETHING WE TRACK.

416
01:22:04.018 --> 01:22:18.333
WE DON'T HAVE WELL IT'S IN HERE I'LL SHOW YOU. WE'VE GOT A DASHBOARD WITH THAT BECAUSE WE WITH MOST ALMOST ALL OUR NEW UNITS ARE

417
01:22:18.333 --> 01:22:28.943
HAVE SOME SORT OF AFFORDABILITY COME ON. YEAH I'M ASKING AND IN PART AT LEAST FOR ME WHEN I LOOK AT THAT 90% OCCUPANCY IS REALLY 100% BECAUSE YOU KNOW THE VARIATION THERE IS USUALLY 3

418
01:22:28.943 --> 01:22:40.688
OR 4% AND USUALLY THAT ENCOMPASSES HOMES THAT ARE EITHER UNDER CONSTRUCTION AND OR UNITS THAT ARE IN DISREPAIR AND CAN'T BE HOUSED IN YEAH, YEAH. AND YOU'LL SEE OUR PIPELINES

419
01:22:40.688 --> 01:22:50.832
KIND OF SLOWED A LITTLE BIT. WE'VE WE HAVE THE EVE APARTMENTS OR EVER APARTMENTS OPENING REAL SOON HERE WE JUST

420
01:22:50.832 --> 01:23:02.877
HAD 700 AMERICAN OPEN BUT WE'VE GOT A LITTLE GAP BETWEEN ANY MORE UNITS WILL BE OPENING AND SO WE'VE SEEN A FEW PROJECTS COME THROUGH LIKE THE WORKS IN DEVELOPMENT THAT ARE COMING INTO DEVELOPMENT BUT

421
01:23:02.877 --> 01:23:17.792
WE'LL HAVE PROBABLY OF A GAP HERE OF A YEAR OR TWO BEFORE WE START SEEING SOME MORE MORE CONSTRUCTION . SO WE DO TALK ABOUT

422
01:23:17.792 --> 01:23:29.871
AFFORDABILITY HERE AND IT KIND OF EXPLAIN WHAT THAT IS AND HOW AM I AND I WON'T GO INTO TOO MUCH DETAIL BECAUSE YOU HEAR THIS ON A REGULAR BASIS BUT WE POINT TO THE HUD

423
01:23:29.871 --> 01:23:40.381
WEBSITE AND THIS KIND OF POINTS OUT WHERE WHEN WE START THIS PROJECT WE'RE WAITING FOR DATA FROM THE CENSUS TO COME OUT KIND OF DECEMBER TIME IT TAKES US SOME TIME TO DO IT AND BY TIME

424
01:23:40.381 --> 01:23:52.493
WE'RE KIND OF GETTING IN THE THICK OF IT IN MARCH WE'VE ALREADY STARTED OUR APRIL I THINK IT CAME OUT EVEN IN MAY THIS YEAR THE NEW AFFORDABLE LIMITS CAME OUT. SO THERE'S ALWAYS A TIMING

425
01:23:52.493 --> 01:24:01.336
WITH WHEN DATA IS COMING OUT AND WHAT THE MOST RECENT DATA IS. SO THIS HAS THE 2025 LIMITS BUT THE 2026 LIMITS ARE PRETTY

426
01:24:01.336 --> 01:24:15.250
SIMILAR TO THAT AS WELL. AND THEN WE JUST CALL OUT KIND OF WHAT THE AFFORDABLE RENTS ARE BASED ON UNIT TYPE AND SIMILARLY WE JUST HAD JUST A

427
01:24:15.250 --> 01:24:26.561
COUPLE OF WEEKS AGO AN UPDATE TO WHAT THAT AFFORDABLE HOME PRICE WOULD BE FOR 80% IN MIND. IT ACTUALLY DID GO UP SLIGHTLY BUT IS PRETTY SIMILAR TO LAST

428
01:24:26.561 --> 01:24:36.904
YEAR. I THINK IT'S ABOUT 312,000 NOW THIS YEAR AGAIN IT THAT BECOMES A VARIABLE OF INTEREST RATE AND A FEW OTHER THINGS THAT KIND OF CREATES THAT. SO WHILE INCOMES ACTUALLY WENT

429
01:24:36.904 --> 01:24:49.683
DOWN SLIGHTLY, THIS HAS GONE UP DUE TO INTEREST RATE CHANGES BUT IMPORTANTLY WE LOOK AT HOUSING COST BURDEN SO

430
01:24:49.683 --> 01:25:01.896
24 7% OR A QUARTER OF OUR POPULATION IS HOUSING COST BURDEN WHICH MEANS THEY'RE PAYING MORE THAN 30% OF THEIR INCOME FOR THE HOUSING. SO AS YOU START TO PAY MORE

431
01:25:01.896 --> 01:25:11.138
OF YOUR INCOME FOR HOUSING, THAT MEANS YOU'RE MAKING CHOICES BETWEEN OTHER NECESSITIES FOOD, HEALTH CARE, TRANSPORTATION SO THAT THAT'S AN IMPORTANT FACTOR THAT WE

432
01:25:11.138 --> 01:25:22.750
NEED TO KEEP TRACKING AND WANT TO MAKE SURE THAT HOUSING REMAINS AFFORDABLE. AND AS YOU DIVE INTO THE NUMBERS A LITTLE BIT TO THIS CHART HERE IS A LITTLE BIT

433
01:25:22.750 --> 01:25:33.961
DIFFICULT TO SEE ON YOUR SCREEN I UNDERSTAND BUT IT HAS SHOWING TWO DIFFERENT THINGS HERE. FIRST IS HOUSING COST BURDEN BY RACE. SO SOME RACES IT'S HIGHER

434
01:25:33.961 --> 01:25:44.172
BLACK AND AFRICAN-AMERICAN HOUSEHOLDS UP TO 40%. SAME WITH AMERICAN INDIAN HOUSEHOLDS AND LATINO HOUSEHOLDS THAT 32%.

435
01:25:44.172 --> 01:25:56.183
AND SO THAT SUGGESTS OUR WHITE HOUSEHOLDS ARE LESS HOUSING COST BURDEN WHICH MAKES SENSE BECAUSE OUR WHITE HOUSEHOLDS ALSO TEND TO BE HOMEOWNERS AT A MUCH HIGHER RATE. SO YOU CAN SEE THE

436
01:25:56.183 --> 01:26:04.225
HOMEOWNERSHIP DISPARITIES IN THIS CHART. SO WHILE 66% OF OUR POPULATION

437
01:26:04.225 --> 01:26:17.905
TEND TO BE HOMEOWNERS, OUR ASIAN POPULATION ALSO TENDS TO BE HIGHER. BUT OUR WHITE HOUSEHOLDS IS 73%. SO YOU CAN SEE AS YOU LOCK

438
01:26:17.905 --> 01:26:26.647
INTO THAT RATE OF HOMEOWNERSHIP YOU YOU KIND OF HAVE THAT FIXED MORTGAGE HOPEFULLY AND THEN YOU'RE ABLE TO KIND OF MANAGE THOSE EXPENSES OVER TIME SO YOU'RE LESS LIKELY TO BE HOUSING

439
01:26:26.647 --> 01:26:33.988
COSTS BURDEN SO THAT'S PART OF THE IMPORTANCE BECAUSE AS YOU RENT YOUR RENT CONTINUES TO INCREASE AS THE MARKET

440
01:26:33.988 --> 01:26:48.302
DEMAND INCREASES AND THEN WE JUMP INTO OUR AFFORDABLE HOUSING GOALS. THIS IS PART OF OUR COMPREHENSIVE PLAN THAT

441
01:26:48.302 --> 01:26:57.511
RELATES TO WHY WE HAVE THE OPPORTUNITY HOUSING ORDINANCE, WHY WE'RE TRYING TO CREATE MORE AFFORDABLE UNITS. WE'VE GOT THIS NEW DASHBOARD THAT KIND OF AGAIN GETS TO

442
01:26:57.511 --> 01:27:08.289
YOUR POINT OF TRACKING UNITS THAT ARE COMING ONLINE BUT YOU CAN SEE THE NUMBER OF UNITS. SO AS WE WE KNOW WE'VE WE'VE HAD SOME UNITS AT 30% ARMY

443
01:27:08.289 --> 01:27:20.668
COME THROUGH BUT NOT NEARLY ENOUGH ONLY 40 AND WE NEED I THINK THESE NUMBERS AREN'T CALCULATING CORRECTLY BUT I THINK IT'S AROUND 400,000 SO

444
01:27:20.668 --> 01:27:35.683
BUT THIS MAP HERE KIND OF HIGHLIGHTS IF IT WORKS AND THIS IS ALSO A SEPARATE DASHBOARD THAT PEOPLE CAN LINK TO.

445
01:27:35.683 --> 01:27:44.425
SO THIS IS EMBEDDING A DIFFERENT SYSTEM IN HERE. BUT WHAT THOSE ARE UNITS ARE THAT OPEN THAT HAVE THOSE AFFORDABLE UNITS TO HELP MEET

446
01:27:44.425 --> 01:27:59.473
OUR 2030 GOALS SO YOU GET SOME MORE DATA AND THOSE THEY YOU CAN SEE HERE WHERE WE'RE TRACKING OUR THIRD YEAH THIS

447
01:27:59.473 --> 01:28:09.951
IS MORE ACCURATE THAN THESE NUMBERS SO YEAH SO OUR 30% ARMY UNITS ARE JUST UNDER 450 UNITS THAT WE NEED AND WE'VE

448
01:28:09.951 --> 01:28:16.790
GOT 40 THAT YOU CAN SEE HERE WITH THEIR 50% ARMY UNITS WE'VE ACHIEVED THOSE IN OUR 60% ARE WELL ABOVE OUR GOAL

449
01:28:16.790 --> 01:28:31.038
HERE ON THIS MIDDLE CHART HERE AND THEN THIS LAST SECTION I WON'T GO INTO TOO MUCH DETAILS BECAUSE THIS BASICALLY PULLED FROM A REPORT THAT WE HAD

450
01:28:31.038 --> 01:28:40.915
ALREADY GIVEN YOU ABOUT OUR ACCOMPLISHMENT FOR THE YEAR. BUT WE DO TALK ABOUT LARGER IN HERE AND DO KIND OF BREAK DOWN IN MORE DETAIL WHERE THAT

451
01:28:40.915 --> 01:28:52.259
LARGER SPENDING IS AND HAVE THIS NICE CHART THAT SHOWS THE ALLOCATION BASED ON SOME OF THE PROJECTS THAT WE'VE APPROVED SO THAT DOWNPAYMENT ASSISTANCE LIKE WE WERE JUST

452
01:28:52.259 --> 01:29:03.004
TALKING ABOUT WE ARE PROPOSING THE HEIGHTS WAS ON THEIR SOUTH VIEW ESTATES AND RENTAL ASSISTANCE AND SO THIS SECTION

453
01:29:03.004 --> 01:29:17.518
KIND OF EXPLAINS THAT AND THEN THESE OTHER ITEMS PULL DIRECTLY FROM I BELIEVE IT WE'RE TRYING TO REMEMBER WAS THAT FEBRUARY THAT WE PRESENT OUR KIND OF ANNUAL REPORT AND

454
01:29:17.518 --> 01:29:29.564
THAT KIND OF LINKS TO THE STAFF REPORT THAT WAS PROVIDED DURING THAT TIME TOO SO CAN GET INTO SOME OF THOSE DETAILS AGAIN IF YOU WANT.

455
01:29:29.564 --> 01:29:40.374
BUT IT'S LIKE I SAID, THIS IS MEANT FOR PUBLIC CONSUMPTION SO PEOPLE CAN SEE WHAT WE'RE DOING AND WHEN YOU SHARE YOUR

456
01:29:40.374 --> 01:29:56.123
SCREEN THE SHARE BUTTON COVERS BUT YOU GO BACK THERE AREA

457
01:29:56.123 --> 01:30:08.368
OKAY YEAH THAT IS THE ALL THINGS HOUSING REPORT AND I CAN ANSWER ANY QUESTIONS. I'VE GOT SOME TABLES HERE I CAN PULL UP IF THERE'S

458
01:30:08.368 --> 01:30:19.647
SOMETHING THAT YOUR MOOD COMMISSION FANTASTIC REPORT NOT TO BE PROUD OF THERE IS STAFF IN THE HRA CAN YOU TALK

459
01:30:19.647 --> 01:30:32.193
TO US A LITTLE ABOUT THAT 32% SINGLE HOUSEHOLD? YOU KNOW WHERE THAT'S LEADING US? YEAH. I'D HAVE TO DIG INTO THAT

460
01:30:32.193 --> 01:30:40.167
MORE. I SUSPECT THAT'S KIND OF ALWAYS BEEN THERE GIVEN THAT OUR AVERAGE HOUSEHOLD SIZE HAS LEVELED OUT AT AREA

461
01:30:40.167 --> 01:30:53.514
IT WAS LOWER ACTUALLY AT LIKE 2.25 AT THE LAST CENSUS. SO IT'S IT'S I WOULDN'T SAY THAT WE'RE INCREASING IN THAT SINGLE HOUSEHOLD BUT YOU'RE DEFINITELY SEEING SINGLES AND

462
01:30:53.514 --> 01:31:05.126
TO PEOPLE HOUSEHOLDS LIVING IN BLOOMINGTON AND PART OF THAT I THINK IS AGING IN PLACE YOU KNOW EMPTY NESTERS THAT ARE STAYING IN THEIR HOME LONGER THAN THEY HAVE BEFORE BECAUSE THERE

463
01:31:05.126 --> 01:31:16.503
ISN'T AFFORDABLE OPTIONS FOR THEM TO MOVE AND THEN PART OF THAT I THINK TOO IS JUST THAT WE DO HAVE SINGLE BEDROOM APARTMENTS THAT ARE AFFORDABLE, THAT ARE THAT ARE

464
01:31:16.503 --> 01:31:34.422
YOU KNOW, PEOPLE WANT TO LIVE IN BLOOMINGTON ANY OTHER COMMENTS, QUESTIONS THANK YOU

465
01:31:34.422 --> 01:31:46.133
VERY MUCH FOR THE REPORT. YEAH, I WAS JUST I MIGHT JUST ADD I'M VERY PLEASED WITH THE WAY THAT ALL THINGS HOUSING REPORT TURNED OUT. I HOPE YOU FIND IT EASIER TO

466
01:31:46.133 --> 01:31:55.709
ACCESS IT'LL BE EASIER TO SHARE WITH COMMUNITY MEMBERS. IT'S JUST AN EASIER PRESENTATION OF THE INFORMATION AND SO I SHOUT OUT TO DALEY WHO PUT A LOT OF WORK INTO MOVING IT INTO THIS

467
01:31:55.709 --> 01:32:06.454
FORMAT AND SO I WAS A LITTLE BIT DELAYED THIS YEAR BUT I AM VERY HAPPY THAT WE HAVE THIS RESOURCE TO SHARE OUT. SO YEAH, THANK YOU. AND I GUESS A SHOUT OUT TO MIKE FOR PINCH HITTING AND

468
01:32:06.454 --> 01:32:18.565
HITTING THERE TOO GOOD IT'S OUT THERE DIDN'T I JUST READ THE REPORT? >> OKAY NEXT ITEM DISCUSSION

469
01:32:18.565 --> 01:32:31.278
ITEMS ADMINISTRATOR UPDATES. SO ACTUALLY I'M ACTUALLY MIKE COULD I COULD I ASK YOU TO PULL SOMETHING ELSE UP ON YOUR SCREEN REAL QUICK?

470
01:32:31.278 --> 01:32:44.558
THERE IS IN THE THREE THE PRESENT FOLDER THERE'S A REPORT ON PROPERTY THE PROPERTY YOU'RE PULLING GOING TO SHARE IT BY ANY CHANCE?

471
01:32:44.558 --> 01:32:56.804
I WILL GO THROUGH THERE WAS A SO THERE WAS A REQUEST FROM COUNCIL OR COMMISSIONERS TO HAVE MORE FREQUENT UPDATES ON SOME OF THE ISSUES GOING LIKE WHAT WE'RE WORKING ON WITH THE

472
01:32:56.804 --> 01:33:08.115
HOA OWNED PROPERTIES AND SO THERE IS A NEW REPORT THAT IS ANTICIPATED TO RELEASE TO COMMISSIONERS QUARTERLY THAT WAS ATTACHED TO THE ADMINISTRATOR UPDATES AND SO I'M TRYING TO FIND THAT TO PULL IT UP NOW BUT I'LL GO

473
01:33:08.115 --> 01:33:19.292
THROUGH THE REST OF THE UPDATES HERE SO OKAY, A COUPLE OF THINGS. FIRST AT THE LAST MEETING THERE WAS THE REQUEST FOR A NEWSLETTER AND SO THAT WENT

474
01:33:19.292 --> 01:33:30.337
OUT ON THE FOURTH WEEK OF THE MONTH WHICH IS WHEN WE HAD PREVIOUSLY HAD THE SECOND HOA MEETING OF THE MONTH SCHEDULED . SO THAT WAS OUR FIRST ITERATION. I'M SURE IT'LL CONTINUE TO EVOLVE. PLEASE LET ME KNOW IF YOU HAVE OTHER THINGS YOU'D LIKE OTHER

475
01:33:30.337 --> 01:33:41.548
INFORMATION THINGS YOU'D LIKE UPDATES ON ANY SUGGESTIONS IN TERMS OF WHAT THAT NEWSLETTER SHOULD COVER HELP YOU FOUND SOME OF THAT INFORMATION HELPFUL? ANOTHER THING I'D LIKE TO HIGHLIGHT I THINK THAT WAS

476
01:33:41.548 --> 01:33:52.226
INCLUDED IN THE NEWSLETTER WAS THAT THERE WERE SOME SIGNIFICANT CHANGES MADE TO REGULATIONS FOR HOMEOWNERS ASSOCIATIONS AND SO SOME

477
01:33:52.226 --> 01:34:03.570
OF THOSE THINGS INCLUDED FEE AND FINE CAPS, EXPANDED CONFLICT OF INTEREST RULES, COMPETITIVE BIDDING ON LARGE CONTRACTS, SOME HOMEOWNER PROTECTIONS LIKE BANNING

478
01:34:03.570 --> 01:34:12.546
RETALIATION. AND SO IT WAS A PRETTY COMPREHENSIVE CHANGE. AND SO WE ARE ALSO STILL THINKING THROUGH HOW CAN WE COMMUNICATE OUT THIS INFORMATION TO OUR HOMEOWNER ASSOCIATIONS AND AND THE

479
01:34:12.546 --> 01:34:22.590
IMPACT IN COMMUNICATING OUT ABOUT THAT INFORMATION. SO I JUST WANTED TO HIGHLIGHT THAT AS A SIGNIFICANT CHANGE AND SOMETHING I KNOW IS OF INTEREST TO THE BOARD AND

480
01:34:22.590 --> 01:34:34.301
THEN I MENTIONED ALSO DURING THE ITEM WE'RE LOOKING AT A SPECIAL MEETING ON JUNE 23RD. SO THE REASON FOR THAT THERE IS A LOW INCOME HOUSING TAX

481
01:34:34.301 --> 01:34:45.446
CREDIT APPLICATION COMING FORWARD THAT HAS REQUESTED SOME ACTION FROM THE HRA THAT WOULD BE NEEDED TO SUPPORT THAT PROJECT AND THE TIMELINES ON THOSE ARE PRETTY TIGHT AND

482
01:34:45.446 --> 01:34:57.224
SO WE'RE RECOMMENDING YES. THANK YOU SO MUCH MIKE. SO WE'RE RECOMMENDING ADDING THAT MEETING SO OUR FOLKS THUMBS UP LOOKS LIKE FOLKS ARE

483
01:34:57.224 --> 01:35:07.701
AVAILABLE TO ATTEND SO WE'LL GO AHEAD AND AND SEND OUT THE HOLD STILL TO BE CONFIRMED. BUT I THINK WE'RE ANTICIPATING THAT THAT WILL HAPPEN. SO WE'LL SEND OUT A COMMUNICATION CLOSER TO TIME

484
01:35:07.701 --> 01:35:19.680
AND JUST CONFIRM THAT THAT IS SCHEDULED AND THEN ALSO I DID GIVE YOU THIS LITTLE HANDY LITTLE FORM WITH BOARD RETREAT AVAILABILITY. I WILL EMAIL THIS OUT TO THE BOARD AS WELL TO FILL IT OUT.

485
01:35:19.680 --> 01:35:30.891
SIMILAR TO LAST YEAR WE HAD PLANNED A BOARD RETREAT AND SO THIS YEAR WOULD PLANNED FOR A BOARD RETREAT AS WELL. THIS IS KIND OF GENERAL AVAILABILITY AND PREFERENCES FOR TIMING AND THEN LIKE TRAVEL DATES WE'RE NOT

486
01:35:30.891 --> 01:35:41.902
AVAILABLE AS WELL AS ANY RECOMMENDATIONS FOR TOPICS THAT YOU WOULD LIKE TO COVER AND THEN CONTINUE ON A COUPLE PROJECT UPDATES. SO BRING IT HOME WHICH IS THE

487
01:35:41.902 --> 01:35:53.147
STATE FUNDED VOUCHER PROGRAM. WE'VE HAD A COUPLE OF CONVERSATIONS ABOUT THE REQUEST FOR PROPOSALS TO ISSUE PROJECT BASED VOUCHERS SO THAT HAS BEEN POSTED. IT WILL BE CLOSING AT THE END

488
01:35:53.147 --> 01:36:04.992
OF THE MONTH AND THEN OUR GOAL IS JULY. IT IS A NEW PROGRAM SO MIGHT BE AUGUST BUT OUR GOAL WOULD BE TO BRING FORWARD RECOMMENDATIONS FOR ISSUING THOSE VOUCHERS IN JULY.

489
01:36:04.992 --> 01:36:14.034
SO IF YOU KNOW ANYONE INTERESTED IN APPLYING IT'S FOR THEM TO ADMINISTER THESE VOUCHERS THAT RFP IS AVAILABLE. ANOTHER COUPLE MORE THINGS WE

490
01:36:14.034 --> 01:36:25.378
HAVE COMING UP WHERE WE'LL BE ISSUING RFP IS WE DO HAVE FOR ST MARK'S SITES SO THERE WAS AFTER ACQUIRING THE PROPERTY WE'RE LOOKING AT BUILDING A ROAD ON THAT PROPERTY SO WE

491
01:36:25.378 --> 01:36:36.290
WILL BE ISSUING AN RFP TO DO IT'S CALLED SITE CIVIL BUT BASICALLY LIKE DESIGNING THE ENGINEERING FOR THE SITE FOR THE ROAD AS WELL AS LOOKING AT OPENING AN APPLICATION SOONER

492
01:36:36.290 --> 01:36:46.667
RATHER THAN LATER FOR DEVELOPERS TO APPLY TO BE ABLE TO DEVELOP ON THAT SITE. SO WE HAVE A NUMBER OF UPCOMING ACTION ITEMS ON

493
01:36:46.667 --> 01:37:01.181
THAT ONE AND I'M SORRY. YES, PLEASE LOOK AT THE CONFIGURATIONS DIFFERENT IT SO IT'S NOT 2017. YEAH IT'S I THINK WE HAD 16 OR

494
01:37:01.181 --> 01:37:11.458
17 ON THERE. I DO THINK SO WE'RE A LITTLE BIT LIMITED BY THE GRANT FUNDING BECAUSE WE CAN ONLY DO THE 27 UNITS TOTAL AND ST

495
01:37:11.458 --> 01:37:22.202
MARK'S IS 1617 OF THAT SO WE WILL BE BRINGING BACK TO THE BOARD BASICALLY A NEW SITE PLAN TO CONSIDER AND APPROVE. I DON'T KNOW THAT WE'LL BE ABLE TO GO OVER THAT NUMBER OF 1617 UNITS BECAUSE OF THIS

496
01:37:22.202 --> 01:37:33.280
FUNDING AVAILABILITY. SO PERHAPS AS PHASED I THINK THERE ARE DIFFERENT OPTIONS TO CONSIDER THERE BUT YEAH WE ARE LOOKING AT MAKING SOME ADJUSTMENTS JUST BECAUSE OF COST GAPS CURRENTLY.

497
01:37:33.280 --> 01:37:44.992
SO AND THEN OKAY SO I WILL RUN THROUGH THIS. THANK YOU AGAIN MIKE. SO THIS IS KIND OF WE'LL JUST KIND OF SCROLL THROUGH THIS IS JUST BACKGROUND TO PROGRAMS.

498
01:37:44.992 --> 01:37:55.969
WE HAVE THE ASSISTED RENTAL HOMES WHICH ARE PROJECT BASED VOUCHERS AND THEN RENTAL HOMES FOR FUTURE HOMEBUYERS WHICH IS A PROGRAM BASICALLY TO TRAIN PEOPLE FOR EVENTUAL HOMEOWNERSHIP.

499
01:37:55.969 --> 01:38:07.448
IT'S A FIVE YEAR PROGRAM WHERE PEOPLE RENT THE PROPERTY. WE PROVIDE ANNUAL FINANCIAL THINGS LIKE EDUCATION SERVICES AND THEN THEY CAN MOVE. THE GOAL IS FOR THEM TO

500
01:38:07.448 --> 01:38:18.192
GRADUATE INTO HOMEOWNERSHIP. SO SOME GENERAL UPDATES SO WE HAVE A NUMBER OF WORK PLAN GOALS IN THE ANNUAL WORK PLAN AND SO THIS IS KIND OF SOME HIGHLIGHTS ALONG THESE LINES I MENTIONED AT THE LAST MEETING

501
01:38:18.192 --> 01:38:29.970
THESE LOW INCOME RENTAL EFFICIENCY INSPECTIONS SO THESE ARE FREE INSPECTIONS FOR INCOME RESTRICTED QUALIFYING PROPERTIES AND SO BECAUSE IT'S AN INCOME RESTRICTED PROGRAM

502
01:38:29.970 --> 01:38:38.412
ALL OF OUR PROPERTIES ARE ELIGIBLE. SO WE'RE GETTING AN ASSESSMENT DONE AND THEY WOULD COVER THE PORTION OF A COST TO COMPLETE LIKE WEATHERIZATION HIGH

503
01:38:38.412 --> 01:38:50.591
EFFICIENCY EQUIPMENT UPGRADES AND SO IT ALIGNS WELL WITH TIMING. WE HAVE SOME CDBG FUNDS WHICH WERE SPECIAL FUNDS THAT WERE GRANTED COMMUNITY DEVELOPMENT

504
01:38:50.591 --> 01:39:01.668
BLOCK GRANT FUNDS THAT WERE GRANTED DURING COVID. WE HAD BROUGHT TO THE HRA IN THE CITY COUNCIL AN ACTION TO APPROVE SPENDING TO SPEND

505
01:39:01.668 --> 01:39:12.179
ON THE LAST OF THOSE DOLLARS ON CAPITAL IMPROVEMENTS FOR HRA OWNED HOMES. SO WE'RE MOVING FORWARD WITH THAT SPENDING. WE DO HAVE A DEADLINE OF AUGUST SO WE'RE MOVING QUICKLY TO GET THOSE FUNDS OUT

506
01:39:12.179 --> 01:39:23.991
THE DOOR AND THEN RESIDENT RELATIONSHIPS THE THOSE ENERGY EFFICIENCY VISITS WENT DOWN BY STORM. I THINK THEY RECEIVED SOME LITTLE GIVEAWAYS LIKE LIGHT

507
01:39:23.991 --> 01:39:35.569
BULBS, FIREBALLS, WATER SAVING SHOWERHEADS. SO THAT WAS A FUN THING TO BE ABLE TO PROVIDE TO RESIDENTS. AND THEN WE HAVE AN EMERGENCY MAINTENANCE VENDOR WHO WAS A

508
01:39:35.569 --> 01:39:46.446
NEW EMERGENCY MAINTENANCE VENDOR SELECTED IN 2026 WHO'S HAD SOME POSITIVE FEEDBACK AND HAVE PERFORMED A VARIETY OF SERVICES FOR US. SO THAT PARTNERSHIP HAS BEEN GOING WELL. VENDOR NETWORK WE HAVE A

509
01:39:46.446 --> 01:39:57.724
CURRENT POOL OF VENDORS SO WE ISSUED AN RFP LAST YEAR TO SELECT SOME LIKE BASICALLY VENDORS THAT WE COULD REACH OUT TO AND CONTRACT WITH QUICKLY AND SO WE ARE

510
01:39:57.724 --> 01:40:09.570
ANTICIPATING TO ISSUE THAT RFQ ANNUALLY AND SO WE'RE LOOKING AT ISSUING THAT AGAIN SOON TO BROADEN THE NUMBER OF VENDORS WHO ARE IN THAT CATEGORY AND THEN CONTINUING TO DO SOME LONG TERM PLANNING.

511
01:40:09.570 --> 01:40:19.512
SO THE ENERGY EFFICIENCY VISIT AND INSPECTIONS ARE PART OF THAT. SO ARE THE CDBG FUNDS AND WE'RE ALSO IN THE CAPITAL IMPROVEMENT PLANNING PROCESS OF THE CAPITAL IMPROVEMENT

512
01:40:19.512 --> 01:40:30.657
PLAN FOR THE CITY. SO YEAH, CONTINUING ON DOWN HERE WE'VE GOT THESE ARE SOME BREAKDOWNS OF THE HOMES IN EACH PROGRAM AND SPENDING

513
01:40:30.657 --> 01:40:41.834
BY QUARTER. SO OBVIOUSLY THIS IS Q ONE REPORT SO WE ONLY HAVE Q ONE FILLED OUT BUT WE'LL BE REPORTING ON THIS EVERY QUARTER TO KIND OF UPDATE ON WHERE WE ARE IN TERMS

514
01:40:41.834 --> 01:40:52.712
OF BUDGET FOR OUR PROPERTY PROPERTIES AND THEN YOU CAN CONTINUE ON DOWN MIKE AND THEN A COUPLE OF THINGS LIKE WHAT'S GOING ON CURRENT STATUS WE'VE

515
01:40:52.712 --> 01:41:03.423
HAD A NUMBER OF WATER INTRUSION AND PLUMBING CALLS RECENTLY SO TRYING TO ADDRESS SOME OF THOSE THOSE REQUIRE THOSE ARE EMERGENCY MAINTENANCE CALLS SO TRYING TO

516
01:41:03.423 --> 01:41:12.198
RESPOND TO THOSE QUICKLY GENERAL MAINTENANCE WE'RE STILL WE HAVE SOME PREVENTATIVE MAINTENANCE THAT'S COMING UP THAT'S NEEDED GETTING OF THE DRAINS AND THINGS LIKE THAT.

517
01:41:12.198 --> 01:41:25.311
UM AND THEN TURN SO A TURN IS BASICALLY WHAT WE CALL WHEN SOMEBODY MOVES OUT AND SOMEBODY ELSE MOVES IN. SO WE'VE HAD ONE OF THOSE IN EACH PROGRAM AND THEN THERE'S SOME CAPITAL IMPROVEMENTS AND THE CURRENT

518
01:41:25.311 --> 01:41:36.590
VACANCIES FOR THE LAST DAY OF THE QUARTER. >> SO YEAH ALSO THIS IS OUR FIRST ITERATION OF IT. I WOULD IMAGINE THAT THIS CAN CAN ALSO BE MODIFIED SO LET ME

519
01:41:36.590 --> 01:41:47.201
KNOW IF YOU HAVE QUESTIONS OR FEEDBACK ON THIS REPORT. I WOULD SO OF THE RENTAL HOMES IS JUST 42 RIGHT? YES 42 TOTAL WITH THE TWO PROGRAMS WITH YEAH WE DON'T

520
01:41:47.201 --> 01:42:00.848
HAVE MORTGAGES AGAINST ANY OF THOSE THAT WE WE DO NOT SO THERE ARE REVENUE GENERATING PRETTY MUCH WELL THE PROJECT BASED VOUCHER PROGRAMS ARE NOT

521
01:42:00.848 --> 01:42:13.293
NECESSARILY BUT THE COSTS ARE COVERED BY THE VOUCHERS THE RENTAL HOMES FOR FUTURE HOMEBUYERS. IT I MEAN WE USE RENTAL INCOME BUT THERE IS SOME SUBSIDY FROM THE HRA LEVY TO SUPPORT THE

522
01:42:13.293 --> 01:42:24.004
THE AFFORDABILITY AND THE INCOME QUALIFICATION COMPONENT OF THAT PROGRAM. OKAY. THANKS. SO I WOULD IMAGINE AND

523
01:42:24.004 --> 01:42:35.749
UPCOMING QUARTERS WELL WE'LL JUST USE THE SAME FORMAT AND CONTINUE TO PROVIDE UPDATES ON A NUMBER OF THESE CATEGORIES AS WELL AS ANYTHING ELSE THAT COMES UP. SO FEEL FREE TO LET US KNOW IF YOU HAVE ANY OTHER QUESTIONS OR FEEDBACK.

524
01:42:35.749 --> 01:42:46.993
AND THEN I THINK MY LAST COMMENT AND THEN WE DONE UPDATES IS JUST THAT THERE WAS A REQUEST TO CREATE LIKE A ROSTER OF JURY MEMBERS AND TO INCLUDE FOLKS PHONE NUMBERS ON

525
01:42:46.993 --> 01:42:57.538
THERE. SO JUST WANTED TO MAKE SURE EVERYONE IS COMFORTABLE WITH SHARING OUT PHONE NUMBERS SO PLEASE LET ME KNOW END OF THE WEEK IF YOU HAVE ANY CONCERNS AND THEN WE'LL PUT THAT TOGETHER AND SHARE THAT WITH THE BOARD AND SO THAT IS IT.

526
01:42:57.538 --> 01:43:05.479
THOSE ARE ALL MY UPDATES. THANK YOU. ANY QUESTIONS OR COMMENTS ON THE UPDATES? ALL RIGHT THEN THIS IS WE HAVE

527
01:43:05.479 --> 01:43:16.923
REACHED THE END OF OUR AGENDA DAY SO MAY I HAVE A MOTION TO ADJOURN THE TUESDAY JUNE 9TH FOR A BOARD MEETING SO MOVED

528
01:43:16.923 --> 01:43:26.566
MOVED BY COMMISSIONER ROBERTSON SECOND SECOND BY COMMISSIONER WOOTEN AND ME WE HAVE THE ROLL CALL VOTE FOR A

529
01:43:26.566 --> 01:43:39.579
WEBEX COMMISSIONER DOUBLING HER I COMMISSIONER ROBERTSON I COMMISSIONER CARTER HIGH COMMISSIONER WOOTEN I CHAIR

530
01:43:39.579 --> 01:43:49.656
MUELLER I SO MOTION PASSES FIVE ZERO THANK YOU EVERYONE FANTASTIC