IN THE EVENING I'D LIKE TO CALL THE TUESDAY FEBRUARY 11TH, 2025 HOUSING AND REDEVELOPMENT AUTHORITY MEETING TO ORDER. THE FIRST ITEM ON THE AGENDA IS THE APPROVAL OF THE AGENDA. ARE THERE ANY ADDITIONS OR
CORRECTIONS TO THIS EVENING'S AGENDA? HEARING AND SEEING WE'LL BE LOOKING FOR A MOTION TO APPROVE THIS EVENING'S AGENDA. SO MOVE A MOTION BY COMMISSIONER MUELLER SECOND SECOND BY COMMISSIONER WOOTEN
TO APPROVE THE AGENDA FOR THIS EVENING. IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY SAYING I AM I OPPOSED
MOTION PASSES SIX ZERO MOVING ONTO ITEM POINT ONE APPROVAL OF THE JANUARY 28TH 2025 INTERIM BOARD MEETING MINUTES ARE THERE ANY ADDITIONS CORRECTION TO MAKE TO THE
MINUTES HEARING SEEING NONE WE BE LOOKING FOR A MOTION FOR TO APPROVE THE JANUARY 28TH 2025 HRA BOARD MEETING MINUTES WHICH APPROVE THE MOTION BY COMMISSIONER WOOTEN SECOND AND A SECOND BY COMMISSIONER
MUELLER TO APPROVE THE JANUARY 28TH 2025 H.R. BOARD MEETING MINUTES IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I OPPOSED
MOTION PASSES SIX ZERO MOVING ON TO OUR CONSENT AGENDA WE'RE GOING TO BE GOING AND DOING A FULL APPROVAL OF 4.1 THROUGH 4.6. BUT BEFORE WE DO THAT, WOULD
ANYBODY LIKE TO PULL ANY OF THE ITEMS FOR DISCUSSION THIS EVENING SEEING NO ONE WANTING TO PULL THE ITEMS WE'RE GOING TO BE LOOKING FOR
A MOTION TO APPROVE CONSENT AGENDA ITEMS 4.1 THROUGH 4.6 WILL TO APPROVE. WE HAVE A MOTION BY COMMISSIONER WOOTEN SECOND AND
A SECONDED BY COMMISSIONER ISSA TO APPROVE CONSENT CONSENT OH SORRY CONSENT AGENDA ITEMS 4.14 AND THROUGH 4.6 IS THERE ANY DISCUSSION
HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASSES SIX ZERO MOVING ON TO ORGANIZATIONAL BUT
BUSINESS ITEM 5.1 APPROVAL APPOINTMENT OF BOND MAY WE HAVE THE STAFF REPORT? YES CHAIRMAN COMMISSIONERS MY NAME IS SARAH.
YOU KNOW ME THE ADMINISTRATOR HERE TO PRESENT ON THE NEXT FEW ITEMS SO THE REASON WHY THESE AREN'T ON CONSENT IS BECAUSE JUST A WEEK OR TWO AGO WE WERE INFORMED THAT OUR CURRENT BOND COUNSEL WHO WAS
SELECTED THROUGH AN RFP THE ATTORNEYS HAVE MOVED TO A DIFFERENT FIRM. SO THIS ACTION IS ACTUALLY TO EXECUTE A SHORT TERM CONTRACT WITH THE SAME ATTORNEY SO THAT
WE CAN CARRY ON WITH OUR EXISTING PROJECTS WH THE ATTORNEY WHO'S FAMILIAR WITH THEM WHILE WE ISSUE A NEW SELECTION PROCESS ESSENTIALLY . AND SO THAT'S IT FOR REPORT.
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS. ARE THERE ANY QUESTIONS COMMISSIONER WANT ANY REASON WHY TO CHANGE? YES. CHAIR COMMISSIONERS BELIEVE
THAT THE THE MOVE WAS BECAUSE THE FIRM THAT THEY'RE MOVING TO WAS MORE WELL-RESOURCED FOR THIS PARTICULAR TYPE OF WORK. ANY OTHER QUESTIONS HEARING
AND SEEING OTHER QUESTIONS WE'LL BE LOOKING FOR A MOTION AUTHORIZE EXECUTION OF AN INTERIM AGREEMENT WITH CUTTACK
KOTAK ROCK AND THE HRA BOND COUNSEL AND TO AUTHORIZE ADDITIONAL STEPS CONSENT CONSISTENT WITH EXECUTION OF AN INTERIM AGREEMENT VOTE
TO APPROVE THE MOTION BY COMMISSIONER 1/2 AND A SECOND VOTE COMMISSIONER MUELLER IS THERE ANY DISCUSSION HEARING NO DISCUSSION ALL IN FAVOR PLEASE SIGNIFY BY SAYING I I
OPPOSED MOTION PASSES SIX ZERO AND I'M 5.2 APPROVE APPOINTMENT ECONOMIC DEVELOPMENT COUNSEL MAY WE HAVE THE STAFF REPORT? YES CHAIRMAN COMMISSIONERS THIS IS THE SAME THING IT'S A
SEPARATE CONTRACT SO SEPARATE MOTION SAME ATTORNEY SUBCONTRACT SAME PROCESS PERFECT ARE THERE ANY QUESTIONS HEARING AND SEEING NO OTHER QUESTIONS ARE WE
LOOKING FOR A MOTION TO AUTHORIZE EXECUTION OF AN INTERIM AGREEMENT? KODAK ROCK FOR THE AGENCIES ECONOMIC DEVELOPMENT COUNCIL AND TO AUTHORIZE ADDITIONAL STEPS CONSISTENT WITH THE EXECUTION OF AN INTERIM
AGREEMENT. SO WE HAVE A MOTION BY COMMISSIONER MUELLER AND A SECOND BY COMMISSIONER ISSA. IS THERE ANY DISCUSSION HEARING NONE. ALL THOSE IN FAVOR PLEASE
SIGNIFY SAYING I I OPPOSED MOTION PASSES SIX ZERO MOVING ON TO ITEM 5.3 HRC BOARD OFFICER ELECTIONS MAY WE HAVE
THE STAFF REPORT OR THE STAFF ASSISTANCE YES. CHAIR COMMISSIONERS SO JUST A QUICK INTRODUCTION. SO THIS IS THE ANNUAL MEETING SO OF COURSE THIS PROCESS
TAKES PLACE YEAR YOU'VE ALL GONE THROUGH IT BEFORE THE THREE POSITIONS WILL BE NOMINATING OUR CHAIRPERSON VICE CHAIRPERSON SECRETARY AND THESE ARE ALL REQUIRED ROLES BY THE BYLAWS SO.
THE WAY THIS PROCESS WILL WORK IS ESSENTIALLY I WILL CALL NOMINATIONS. A COMMISSIONER CAN NOMINATE THEMSELVES OR SOMEONE ELSE DOES NOT NEED A SECOND. THEN WE WILL GO THROUGH AND THE PERSON WILL HAVE TO ACCEPT
THE NOMINATION. WE'LL DO A ROLL CALL THE VOTES AND THEN I BELIEVE THEN WE CLOSE THAT POSITION AND MOVE ON TO THE NEXT ONE. SO I WILL ALSO GIVE JUST A
QUICK KIND OF READ THROUGH THE BYLAWS OF WHAT EACH ROLE IS. SO THE CHAIR THE CHAIR BE SELECTED BY THE COMMISSIONERS AND SHALL PRESIDE AT ALL MEETINGS OF THE COMMISSIONERS
AS REQUIRED THE CHAIR SHALL BE RESPONSIBLE FOR CERTIFICATION OFFICIAL ACTIONS OF THE HRC VICE CHAIR THE VICE CHAIR SHALL BE SELECTED BY THE COMMISSIONERS AND SHALL
PRESIDE AT ALL MEETINGS OF THE COMMISSIONERS IN THE ABSENCE OF THE CHAIR AND SHALL PERFORM SUCH OTHER DUTIES AS MAY ASSIGNED AS MAY BE ASSIGNED BY THE COMMISSIONERS IN THE CASE OF DEATH, RETIREMENT OR
RESIGNATION OF THE CHAIR THE VICE CHAIR SHALL PERFORM ME VESTED WITH ALL THE DUTIES AND POWERS OF THE CHAIR UNTIL SUCH TIME THAT A NEW CHAIR IS CHOSEN THE COMMISSIONERS SECRETARY THE SECRETARY SHALL
BE SELECTED BY THE COMMISSIONERS. THE SECRETARY SHALL BE RESPONSIBLE FOR A TESTING OFFICIAL ACTIONS OF THE HRC. OKAY SO WITH THAT I WILL ASK
IF WE HAVE ANY NOMINATIONS FOR THE POSITION OF HRA CHAIR YES. MILLER I NOMINATE COMMISSIONER MUELLER AND THIS COMMISSIONER
MUELLER ACCEPT THE NOMINATION . YES I DO YOU HAVE ANY OTHER NOMINATIONS? I ANY OTHER NOMINATIONS?
MY INSTRUCTIONS ARE TO REPEAT THIS 2 TO 3 TIMES I THINK TWO IS GOOD SO THE NOMINATION IS FOR MUELLER TO BE CHAIR AND SO
THAT CLOSES THE NOMINATIONS AND SO CAN WE DO THE VOTE? YES. WHO HE I REALLY DO.
CAN I START WELL IN I THINK MORE I SAY I MOTION PASSED SIX ZERO OKAY AND SO THAT GOES THROUGH WITH COMMISSIONER MUELLER WILL BE THE CHAIR AS
OF THE NEXT MEETING FEBRUARY 25TH CONGRATULATIONS. LET ME SEE NEXT WE HAVE THE VICE CHAIR DO WE HAVE ANY
NOMINATIONS FOR THE ROLE OF VICE CHAIR? I WOULD LIKE TO NOMINATE COMMISSIONER AS VICE CHAIR AND COMMISSIONER DO YOU ACCEPT THE
NOMINATION EXCEPT ALL RIGHT. DO WE HAVE ANY NOMINATIONS ANY OTHER NOMINATIONS ? OKAY, SO WE HAVE THE
NOMINATION IS FOR COMMISSIONER WOOTEN TO BE THE VICE CHAIR AND THAT CLOSES THE NOMINATION PROCESS AND CAN WE HAVE A VOTE FOR THE VICE CHAIR?
WHO AM I? MUELLER HI I WELL I W I MOUA I E C I MOTION PASSED SIX ZERO OKAY. AND FINALLY WE HAVE THE
POSITION OF SECRETARY SO SAME PROCESS DO WE HAVE A NOMINATION FOR THE ROLE OF SECRETARY? I WOULD LIKE TO NOMINATE COMMISSIONER ISSA FOR SECRETARY AND COMMISSIONER YOU
SAID YOU ACCEPT THE NOMINATION I CAN I DECLINE YOU CAN. OKAY. THANK YOU. YOU'LL BE FINE. YEAH, BUT I'D LIKE TO NOMINATE A COMMISSIONER.
OH, OKAY OKAY. NUMBER ONE. THANK YOU THOUGH I WOULD LIKE TO NOMINATE YOU LOOKING FOR SECRETARY.
DO YOU ACCEPT THE NOMINATION? I I DO. OKAY .
ARE YOU SURE I YEAH. I WOULD LIKE TO NOMINATE COMMISSIONER DELLINGER. CAN YOU OFFICIALLY DECLINE IT? I WILL OFFICIALLY DECLINE. I APOLOGIZE AND NOMINATE COMMISSIONER W AND FOR
SECRETARY I'LL ACCEPT. ALL RIGHT AND THE OTHER NOMINATIONS. OKAY. SO THE NOMINATION IS FOR
COMMISSIONER COMMISSIONER DOLLINGER TO BE SECRETARY AND CAN WE GO AHEAD AND GET THE ROLL CALL? WHO AM I MUELLER I WHEN I W I
MOUA I E C I MOTION PASSED SIX ZERO ALL RIGHT. CONGRATULATIONS. I'M SO EXCITED FOR YOU ALL OF YOU CONGRATULATIONS AND THANK YOU.
YEAH. SO AGAIN JUST TO CLARIFY THESE POSITIONS WILL BE SWORN IN AT THE NEXT MEETING SO JUST AND THEY BECOME EFFECTIVE AT THE NEXT HRA MEETING.
SO JUST FOR CLARIFICATION MOVING ON TO ITEM POINT FOUR THE 2025 H.R. A WORKPLAN MAY HAVE THE STAFF
REPORT OKAY. AND COMMISSIONERS, WE HAVE A WHOLE GROUP UP TO PRESENT ON THIS ITEM. I WILL SO ESSENTIALLY EVERY
AGAIN THIS HAPPENS AT THE ANNUAL MEETING THIS IS A THE FOR 2025 I'LL GO OVER A SUMMARY OF THAT THE FULL WORKPLAN IS INCLUDED IN YOUR PACKET AND THEN WE WOULD ALSO
LIKE TO HIGHLIGHT A COUPLE OF ACCOMPLISHMENTS FROM 2024. SO I WILL TURN IT OVER TO BOTH OF OUR ASSISTANT HRA ADMINISTRATOR CENTERS TO INTRODUCE THEMSELVES IN AND GIVE SOME HIGHLIGHTS.
HI GOOD EVENING CHAIR AND COMMISSIONERS ANNA SALVADOR ASSISTANT ADMINISTRATOR AND MIKE LAMAR THE OTHER ASSISTANT
H.R. ADMINISTRATOR AND I'LL POP IN IN MY PART THIS ISN'T WORKING SHE WORK. TRY IT AGAIN. THERE YOU GO.
OKAY. SO FIRST WE'RE GOING TO START WITH THE HOUSING STABILITY AND HOMEOWNERSHIP TEAM. THE HOUSING CHOICE VOUCHER PROGRAM IS THE LARGEST PROGRAM BY THIS TEAM WE ARE CURRENTLY
ADMINISTERING JUST OVER 680 VOUCHERS. THIS NUMBER INCLUDES FOUR VETERANS ASSISTANCE VOUCHERS, TEN FOSTER YOUTH VOUCHERS AND
38 PROJECT BASED VOUCHERS. ANOTHER KIND OF KEY OUTCOME FROM 2024 IS THE ADDITION OF EIGHT ADDITIONAL PROJECT BASED VOUCHERS THAT WERE APPROVED IN 2020 FOR THAT
PROJECT CURRENTLY UNDER CONSTRUCTION AND WE HOPE TO HAVE THOSE VOUCHERS ISSUED SOMETIME IN 2026 ONCE CONSTRUCTION IS COMPLETED ON
THE HOMEOWNERSHIP SIDE OF THE TABLE WE HAD TWO HOUSEHOLDS MOVE FROM THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM WITH ONE SUCCESSFUL HOME PURCHASE. WE ALSO ANOTHER SUCCESSFUL
YEAR WITH THE JOURNEY TO HOMEOWNERSHIP WORKSHOPS. THIS WORKSHOP WAS PROVIDED BY IN PARTNERSHIP WITH PROJECT FOR PRIDE IN LIVING AND ACROSS THE COUNTY THEY HAD 517
HOUSEHOLDS REGISTERED FOR THE PROGRAM MORE LOCALLY AND BLOOMINGTON PEOPLE ALSO PROVIDED HOME STRETCH IS A FIRST TIME HOMEBUYERS COURSE AND IN 2020 430 HOUSEHOLDS
ATTENDED THE COURSES OFFERED IN BLOOMINGTON RESULTING IN TWO HOME PURCHASES AND 13 ATTENDANCE COMPLETING ONGOING COACHING AFTER THE WORKSHOP A
FEW OTH ACCOMPLISHMENTS FROM THIS TEAM ONE OF THE BIGGER ONES IS THE HOUSING CHOICE VOUCHER WAITING LIST. SO WE UNDERWENT A PRETTY EXTENSIVE POLICY REVISION RELATED TO OUR WAITING LIST POLICIES AND ALSO OPENED OUR
WAITING LIST FOR THE FIRST TIME SINCE 2018 WE CURRENTLY ARE SITTING AT AROUND 6500 APPLICATIONS THAT WE'VE RECEIVED THROUGH THAT WAITING
LIST IN 2024 WE ALSO COMPLETED A FIVE YEAR AGENCY PLAN FOR THE HOUSING CHOICE VOUCHER PROGRAM IN THAT MAPS PROGRAM GOALS FOR THE YEARS 25 THROUGH 2029.
AND LASTLY WE INVESTED $1.2 MILLION IN UPGRADES AND REPAIRS TO OUR EIGHT OWNED PROPERTIES WHICH IS A CRITICAL FIRST STEP AND IMPLEMENTING A LONGER TERM CAPITAL INVESTMENT
PROGRAM ASSOCIATED WITH THOSE PROPERTIES HANDED IT OVER TO MIKE. THANK YOU AARON. SO I MANAGE THE RESIDENTIAL
DEVELOPMENT SERVICES SERVICES TEAM OR HARDEST TEAM AND WE PRIMARILY HANDLE OUR REHAB PROGRAMS SO WE HAVE A COUPLE OF DIFFERENT REHAB PROGRAMS WE HAVE FUNDED THROUGH
DEVELOPMENT BLOCK GRANT OUR OWN FUNDING AND THEN WE HAVE ALSO THAT THE HELP PROGRAM WHICH IS OUR HOUSING AND ENVIRONMENTAL LOAN PROGRAM IT'S MEANT FOR SHORT OR
SMALLER BUT MORE URGENT NEEDS THAT HAPPEN. THE HOME AND THE REHAB LOAN PROGRAM WE HAD 33 APPROVED IN 2024 FOR $1.2 MILLION SO
ABOUT $36,000 AVERAGE LOAN. AND THE FLIP SIDE WE ALSO HAVE LOANS THAT GET REPAID BACK OVER TIME. SO WE HAD 21 LOANS THAT CAME IN OVER THAT TIME WHICH IS WHY YOU SEE SUCH A LARGE LARGELY
FUNDED OUT OF OUR COMMUNITY DEVELOPMENT BLOCK GRANT THEM WE GET PROGRAM INCOME IN OTHER SOURCES TOO KIND OF A REVOLVING LOAN IN A SENSE. AND THEN WE HAD 31 HELP LOANS.
THIS IS A GREAT PARTNERSHIP WE'VE HAD WITH OUR ENVIRONMENTAL HEALTH DIVISION THAT IDENTIFIES URGENT NEEDS THAT ARE IN OUR COMMUNITY AND THIS IS A GREAT RESOURCE FOR THEM TO KIND OF TAP INTO AND
ADDRESS THOSE NEEDS TO MAKE SURE THAT WE'RE KEEPING OUR HEALTH AND SAFETY AND WELFARE OF THE COMMUNITY. AND SO IN THAT CASE WE HAD 31 LOANS APPROVED LAST YEAR FOR JUST OVER 200,000 AND WE ALSO
HAVE A DOWN PAYMENT ASSISTANCE PROGRAM THAT WE PARTNERED WITH NEIGHBORWORKS THE HOME BUYER MORTGAGE ASSISTANCE THAT PROGRAM IS WRAPPING UP.
WE HAD TOTAL ON THAT 21 LOANS THAT WERE ASSISTED FOR A TOTAL OF OVER $200,000 THAT WENT INTO ASSISTING THESE HOUSEHOLDS THE AVERAGE AMOUNT
THEY WERE ALL FOR ABOUT $10,500 EXCEPT THE LAST ONE. SO IT LOWERED IT JUST THERE. BUT WHAT'S INTERESTING TOO IS THE AVERAGE HOME PRICE WAS ABOUT $300,000.
SO THIS WILL BE EVER IMPORTANT AS HOME PRICES CONTINUE TO INCREASE AND A HIGHER RATE THAN INCOME. SO WHILE THIS PROGRAM IS WRAPPING UP, YOU'LL SEE IN THE FUTURE WE'LL BE WORKING WITH
OUR TWIN CITIES HABITAT FOR HUMANITY AND ANOTHER DOWN PAYMENT ASSISTANCE PROGRAM. WE ALSO PARTNER WITH OUR PORT AUTHORITY NEW DEVELOPMENTS THAT ARE OCCURRING AND
ASSISTING SO YOU CAN SEE HERE WE HAVE THESE GOALS IN OUR COMPREHENSIVE PLAN OUT BY THE COUNCIL FOR THE YEAR 2030 AND THE DIFFERENT INCOME BANDS
THERE FROM 30% AREA MEDIAN INCOME TO 50 AND 60% AREA MEDIAN INCOME. WE HAVE EXCEEDED WHAT WE NEED
FOR 60% AND AND OUR 50% NOW WE'RE WE'VE JUST WENT OVER THAT THRESHOLD AS YOU KNOW 30% IS THE HARDEST REQUIRES THE MOST SUBSIDY WE SLOWLY TAKE
AWAY YOU'LL SEE SOME PROJECTS THAT WE'VE WERE ABLE TO GET A FEW OF THOSE 30% UNITS IN BUT WE NINE OPEN IN 2020 437 50%
UNITS AND 43 60% UNITS AND A COUPLE OF 70% SO MET COUNCIL KIND OF LOOKS AT 80% AMI WE TYPICALLY FOCUS ON THE 60% BUT THAT 70% ALLOWED US TO GET
SOME OF THOSE 30% GRANTS AND YOU'LL SEE ON THE MAP HERE WE HAVE THAT WAS OXBOW HEIGHTS THAT HAD THOSE 30% UNITS AND THEY ARE DOING THAT KIND
OF INCOME AVERAGING TO ALLOW FOR THAT. SO WE WERE HOPEFUL THAT THIS WILL OF CONTINUE IN THE FUTURE. WE ALSO HAD THE NOBLE APARTMENTS WHICH IS FOR THE
MOST PART MARKET RATE BUT TAPPED INTO OUR OPPORTUNITY HOUSING ORDINANCE REQUIRED DO 9% OF THE UNITS AT 60% OR LOWER THEY PROVIDED AT 50% TO
TAP INTO SOME ADDITIONAL ZONING INCENTIVES. AND YOU CAN SEE WE STILL HAVE QUITE A FEW PROJECTS IN THE PIPELINE ABOUT 677 UNITS THAT ARE UNDER RIGHT NOW.
YOU'LL SEE ONE AMERICAN THERE KNOCKS AMERICAN THAT'S I THINK OPENING ANY DAY PRETTY SOON HERE IN THE NEXT MONTH OR SO THEY'VE GOT THEIR WEBSITE UP THEIR PRE-LEASING THAT'S 99
UNITS MARKET RATE AGAIN BUT TAPPED INTO OUR OPPORTUNITY HOUSING ORDINANCE FOR SOME INCOME RESTRICTED AND THOSE ARE AWESOME MORE THEY LIKE TO CALL THEM B-PLUS UNITS THEY
AREN'T GOING FOR THE HIGHEST END MARKET THEY'RE GOING FOR MORE LIVABILITY AND TAPPING INTO THAT BEING IN RIGHT NEXT TO THE ORANGE LINE THERE. BUT WE ALSO HAVE AN ENCLAVE
WORKING ON OUR FAR WESTERN THERE SIDE AND WE'VE GOT THE ARTERIES IS FULLY MARKET RATE THAT SHOULD BE OPENING PRETTY SOON AND OF COURSE 700 AMERICAN WHICH YOU'VE BEEN A
PART OF HEAVILY WITH THAT PROCESS I JUST WANT TO HIGHLIGHT KENNY NIEMEYER HE WORKS A LOT ON THESE DEVELOPMENTS AND I SHOULD HAVE HIGHLIGHTED OUR OUR CONTRACT
WITH THE RDC TEAM THE LOANS WE HAVE KEELY MARY CRUZ AND KATELYN THERE THEY HANDLE YOU KNOW AT ANY GIVEN TIME HAVE 33 LOANS THERE BUT IN ANY GIVEN TIME THERE'S LIKE 50 PLUS
LOANS THAT THEY'RE DEALING WITH PREVIOUS CARRYING OVER. SO THEY'RE THE ONES THAT MAKE THIS WORK. SO I'M JUST REPORTING THE NUMBERS RIGHT NOW BUT
OTHERWISE I THINK THAT'S WHERE I TURN IT OVER AND MOVE THE MIKE DOWN HERE. OKAY. SO I'LL JUST HIGHLIGHT A FEW OF THE DIFFERENT STRATEGIC
PRIORITIES THAT WE HAVE IDENTIFIED MOVING FORWARD FOR 2025. YOU'LL NOTICE A LOT OF THESE ARE CARRYOVERS FROM 2024. THERE ARE A LOT OF REALLY SIGNIFICANT INITIATIVES GOING ON AND SO WE'LL BE FOCUSING ON IMPLEMENTING A NUMBER OF THOSE
DIFFERENT PROJECTS THAT HAVE ALREADY BEEN APPROVED AND ARE GOING FORWARD. SO WE'VE DIVIDED THESE INTO THE TWO TEAMS SO HOUSING STABILITY AND HOMEOWNERSHIP OF COURSE WE HAVE THE STATE RENTAL ASSISTANCE PROGRAM
THAT'S COMING UP THAT RFP SHOULD BE ISSUED VERY SOON HERE AND WE'RE HOPING TO RECEIVE NOTIFICATION ABOUT AWARDS THE FALL THAT IS SOMETHING THAT JUST RECENTLY CAME BEFORE THE HRA BOARD, A REALLY SIGNIFICANT INITIATIVE
WE POTENTIALLY COULD RECEIVE OVER $1,000,000 IN FUNDING AND OVER 100 VOUCHERS SO THAT WOULD REQUIRE A LOT OF YOU KNOW, STAFFING AND A LOT OF DIFFERENT CONSIDERATIONS TO ROLL OUT THAT PROGRAM DOWN
PAYMENT ASSISTANCE YOU HEARD MIKE MENTION THIS SUPPORTING HABITAT FOR HUMANITY PROGRAM BECAUSE THE HRA RUN PROGRAM WAS FUNDED THROUGH ARPA AND THAT FUNDING IS EXPENDED SO
THE BOARD APPROVED AN AGREEMENT WITH HABITAT THAT WE ARE MOVING CONTINUING TO MOVE FORWARD WITH WE'RE ALSO DOING SOME REVIEW OF VARIOUS MANUALS AND PROGRAM DOCUMENTS AND ONE
OF THOSE IS THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM DOCUMENTS. SO YOU'LL SEE THAT COMING BEFORE YOU EVERY QUARTER WE HAVE PLANNED A DIFFERENT REVIEW A MAJOR POLICY OR PROGRAM AREA FOR THIS YEAR.
AND THEN OF COURSE YOU HEARD ANA ALSO MENTION THE CAPITAL IMPROVEMENT PLANNING. SO BECAUSE OF THE NEEDS OF THE HOMES THIS YEAR WE HAVE WE'VE STARTED TO MOVE FORWARD WITH THE CAPITAL IMPROVEMENT PLANNING PROCESS TO FIGURE OUT
WHAT LEVEL OF INVESTMENT IS NEEDED FOR THE NEXT 5 TO 10 YEARS. AND WE'LL BE WORKING ON PUTTING TOGETHER A PLAN FOR THAT AND IN THE ARDS DEVELOPMENT AREA OF COURSE YOU KNOW THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP
THAT'S THE GRANT FROM MINNESOTA HOUSING TO DEVELOP 27 SINGLE FAMILY IS SMALL SCALE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES WE'RE HOPING TO LAUNCH THE PILOT PROGRAM VERY
SOON HERE AND THEN MOVE QUICKLY FORWARD WITH THE REST OF THAT PROJECT. WE DO HAVE THE AMERICAN RESCUE PLAN ACT FUNDING THAT THE HRA RECEIVED.
THE PAST WAS SPLIT AMONG BOTH TEAMS THE RTA TEAM DOES STILL HAVE SOME FUNDING REMAINING AND SO WE EXECUTED LATE LAST YEAR. THE BOARD WAS PART OF APPROVING THOSE AGREEMENTS WITH A COUPLE OF LOCAL
PARTNERS TO IMPLEMENT THOSE DOLLARS LOCAL AFFORDABLE HOUSING AID POLICY IMPLEMENTATION SO THAT IS NEW NEW FUNDING ESSENTIALLY FROM
THE STATE THROUGH A TAX THAT WAS ESTABLISHED AND SO WE WILL PROPOSING A POLICY ON HOW TO IMPLEMENT THOSE LATER TONIGHT AS A MATTER OF FACT AND THEN AS I MENTIONED CONTINUING TO
REVIEW PROGRAM GUIDELINES. I NOTED HERE THE PROGRAM GUIDELINES BUT ALSO THE HOUSING IMPROVEMENT AREA GUIDELINE MANUAL WHICH I KNOW HAS BEEN A BIG ITEM OF CONSIDERATION AROUND THE
HEIGHTS. AND SO A COUPLE FOLKS IF WE COULD DO A REVIEW OF THE POLICIES AROUND THAT SO WE'RE PLANNING THAT FOR LATER THIS YEAR AND THEN THE LAST THING ON HERE THERE'S BEEN SOME CHANGES AND A LOT
OF DISCUSSION AROUND A POTENTIAL FOR NO PROGRAM WHICH IMPACTED THE TAXES THAT AFFORDABLE HOUSING PROJECTS PAY SO THIS IS VERY EARLY IN THE IN THE PHASE FOR THIS BUT YOU CAN EXPECT TO SEE SOME
CONSIDERATION ABOUT THAT THIS YEAR AND THEN I ALSO JUST WANTED TO HIGHLIGHT SOME THE ONGOING CORE WORK. SO AS ANA MENTIONED, THE MAIN
PROGRAM THAT WE RUN IS THE HOUSING CHOICE VOUCHERS SO-CALLED CALLED SECTION EIGHT PROGRAM AND CDBG FUNDS CREATED JOHAN'S IS ACTUALLY ADMINISTERED BY ARDS APOLOGIES BUT SO THOSE ARE REALLY A
SIGNIFICANT PART OF THE DAY TO DAY WORK OF THE THE STAFF TEAM WHO'S HERE HOMELESSNESS PROGRAMING VARIOUS PARTNERS. SO WE HAVE MONTHLY MEETINGS WITH SCHOOL DISTRICTS AND OUR
KIND OF ALWAYS THINKING ABOUT DIFFERENT WAYS THAT WE CAN BE AS SUPPORTIVE IN THAT SPACE CONTINUING SOME OF THE EDUCATION OFFERINGS THAT I HIGHLIGHTED HER PRESENTATION WITH PAUL AND OTHERS AND THEN
OF COURSE MAINTAINING YOU KNOW THE HRA OWNS 42 PROPERTIES AND DIFFERENT PROGRAMS AND SO CONTINUING TO MAINTAIN THOSE PROPERTIES IS A BIG PART OF WHAT WE DO EVERY DAY AND
THEN ON THE ARDS SIDE OF THINGS WE YOU KNOW THE BOARD WAS ALSO JUST RECENTLY RE-APPROVED SOME LONG STANDING DOCUMENTS COMMUNITY PARTNERS THAT THOSE GO THROUGH EVERY YEAR. SO MAINTAINING THOSE PARTNERSHIPS AND RELATIONSHIPS
VARIOUS REDEVELOPMENT PROJECTS WE HAVE COMING UP 93 PARK I KNOW IS AN EXCITING ONE THAT'S BEEN APPROVED AND IS MOVING FORWARD CONTINUED SUPPORT AND COORDINATION OF THE OPPORTUNITY HOUSING AND THEN
REAL PROPERTY ACQUISITION THAT KIND OF GOES ALONG WITH THE AFFORDABLE HOMEOWNERSHIP PROGRAM BUT IT IS A PART OF THE DAY TO DAY THAT WE ARE ALWAYS CONSIDERING AS NEW OPPORTUNITIES FOR DEVELOPMENT THE CITY.
AND SO THAT CONCLUDES THE OVERVIEW OF THE WORK PLAN AND HAPPY TO ANSWER ANY QUESTIONS ABOUT ACCOMPLISHMENTS OF THE YEAR OR THE UPCOMING WORKPLAN. I THINK QUESTIONS OR COMMENTS
CACHING ONE GOOD WORK I DO HAVE A QUESTION RELATIVE TO THE RIGHT ONGOING CORE WORK I KNOW AT SOME POINT IN TIME OVER THE LAST MONTH OR BETTER WE HAD A DISCUSSION AROUND THE
AGE AREA MAINTENANCE PIECE IN MY DESIRE AT THAT TIME WAS THE OPEN SOME DISCUSSION AROUND HOW WE'RE GOING TO WORK WITH THOSE FAMILIES THAT ARE CURRENTLY IN OUR HRA
IN PROPERTIES TO ENSURE WE DON'T HAVE THE SAME DILEMMA WE HAD HERE THAT WE JUST YOU KNOW I'M TRYING TO RESOLVE WITH THESE IMPROVEMENTS THAT NEED TO BE MADE IN THE WORDS THEY WERE HOMEOWNERS THEY WERE
RENTING AND IT WAS A SUBSTANTIAL AMOUNT OF WORK THAT WASN'T BEING DONE TO UPKEEP THOSE PROPERTIES AS WELL AS INTERACTING WITH THOSE PARTICULAR FAMILIES.
I'M INTERESTED IN KNOWING IS THERE GOING TO BE SOME TYPE OF PROGRAMING INSTITUTED TO HANDLE THAT? YES. CHAIR COMMISSIONER SO THAT IS PART OF THE OVERALL PROGRAMING THAT WE'RE DOING. SO FIRST WILL HAVE KIND OF AN
OVERVIEW OF OUR HOMEOWNERSHIP PROGRAMS AND THAT IS COMING UP IN THE NEXT COUPLE OF MEETINGS HERE. SO THE IDEA IS TO DO A FULL REVIEW OF ALL OF THOSE MANUALS INCLUDING THINGS LIKE HOW ARE WE DOING OUTREACH, HOW ARE WE
SUPPORTING PEOPLE IN THE IN THOSE CURRENT PROGRAMS AND IN THOSE CURRENT PROPERTIES AND SO THAT WILL ALL BE INCLUDED IN THAT COMPREHENSIVE REVIEW OF THE PROGRAM AND THE AND THE THE HANDBOOK ESSENTIALLY AND THAT WILL BE
REPORTED OUT TO US AT THE POINT IN TIME. YES. YES. CHANGES TO THE MANUAL ANYTHING LIKE THAT WILL BE VOTED ON BY THE BOARD. OKAY.
MY QUESTIONS COMMISSIONER. MORE LATER. SURE. YOU ALL HAVE BEEN PAYING ATTENTION TO WHAT'S GOING ON AT THE FEDERAL. A LOT OF OUR FUNDING COMES FROM THE FEDERAL GOVERNMENT.
WHAT HAVE WE EVALUATED? WHAT THE POTENTIAL IMPACTS COULD BE ON OUR WORKPLACE SORRY EXCUSE ME UNDER WORK PLANS WITH THE THINGS THAT ARE CHANGING AND THEN WE'RE
CONSTANTLY HAVING TO PAY ATTENTION TO YEAH CHAIR AND COMMISSIONERS GREAT QUESTION. I WOULD SAY WE'RE KIND OF IN A CONSTANT STATE OF PAYING ATTENTION TO WHAT'S GOING ON
AT THE FEDERAL LEVEL BECAUSE THERE'S A LOT OF UNCERTAINTY. WHAT'S HAPPENING IN THAT SPACE IS A LITTLE BIT DIFFICULT TO PLAN FOR BUT I WILL SAY THAT WE'RE JUST BEING REALLY COGNIZANT AND CONSCIOUS OF ANY PROPOSALS THAT MAY AFFECT SOME OF THESE PROGRAMS RIGHT NOW
THERE IS NOT AS AS I'M AWARE ANY CLEAR PROPOSAL ABOUT EITHER OF THESE FEDERALLY FUNDED PROGRAMS. SO WE ARE CONTINUING TO GO FORWARD FULL STEAM AHEAD AND DELIVER SERVICES TO THE
COMMUNITY AND SUPPORT FOLKS WHO ARE IN THESE PROGRAMS AND JUST PAYING ATTENTION TO ANYTHING THAT COULD POTENTIALLY IMPACT SERVICE DELIVERY IN THESE AREAS.
ALONG THAT SAME LINE I KNOW WE'VE MADE A DECISION ON THIS ALREADY BUT I'M JUST CURIOUS HAS IT BEEN ANY CONSIDERATION TO RETHINKING THE INVITATIONS SCHEDULED FOR RENTAL INCREASES
FOR THOSE PROPERTIES THAT MIGHT BE AFFECTED FOR I'M THINKING OF TWO SEPARATE PROGRAMS.
SO THE THE THE VOUCHERS VERSUS THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM SO THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM THAT IS THE ONE WHERE WE'RE DOING THE
COMPREHENSIVE REVIEW OF THE MANUAL ESSENTIALLY. AND SO THAT'S ONGOING WORK THAT WILL COME TO THE BOARD AND WE'RE PLANNING TO ADDRESS SOME OF THE QUESTIONS THAT YOU
HAD RAISED AROUND OUTREACH AND SUPPORT OF THE CLARIFICATION ARE YOU PUTTING A RENTAL INCREASE ON HOLD UNTIL THEN OR HELP ME UNDERSTAND I THINK YOU COMMISSIONER I WILL I THINK
ANOTHER IMPORTANT CLARIFICATION IS THE RENTAL HOMES FOR FUTURE HOMEBUYERS PROGRAM IS A UNIQUELY LOCAL LOCALLY MANAGED AND FUNDED PROGRAM SO IT'S NOT IMPACT ID
IN THE SAME WAY THAT OUR ASSISTED RENTAL PROPERTIES WOULD BE BECAUSE IT'S NOT THERE'S NO FEDERAL FUNDING TIED TO THOSE HOMES SPECIFICALLY. SO AT THIS TIME WE'RE NOT PLANNING TO PUT A HOLD ON
THOSE RENT INCREASES. ARE THERE QUESTIONS MENTIONED HERE JUST TO BOUNCE OFF WHAT COMMISSIONER LEWIS SAID?
IS THERE A BACKUP PLAN FOR IF SOMETHING DOES SUDDENLY HAPPEN ? YEAH. CHAIR COMMISSIONERS I WOULD SAY IT WOULD DEPEND ON WHAT SO ANY ANYTHING THAT HAPPENS AT
THE FEDERAL LEVEL WE WILL PREPARE A RESPONSE AND ANYTHING THAT SIGNIFICANTLY IMPACTS PROGRAMING PROGRAMING DECISIONS OR FUNDING WILL BE BROUGHT TO THE BOARD A.S.A.P FOR CONSIDERATION AROUND WHAT THE IMPACT IS AND WHAT THAT
MEANS AND HOW THAT MIGHT CHANGE OR ALTER SOME OF OUR SERVICE DELIVERY. I WILL NOTE WE ALSO DO HAVE THESE STATE FUNDED RENTAL ASSISTANCE PROGRAM COMING
THROUGH THIS YEAR WHICH IF THERE ARE SIGNIFICANT CHANGES AT THE FEDERAL LEVEL THIS YEAR TO THE VOUCHER PROGRAM THAT THAT PROGRAM COULD POTENTIALLY HELP FILL SOME OF THAT GAP.
BUT AS OF RIGHT NOW AGAIN AS FAR AS I KNOW, THERE'S NO CONCRETE PROPOSAL AROUND TO THESE PROGRAMS. SO WE WILL JUST KIND OF HAVE TO WAIT AND SEE WHAT WHAT IS
PROPOSED. I WOULD JUST LIKE TO STATE THAT I WOULD LIKE TO SEND A HUGE THANK YOU TO OUR STAFF. IT'S A GREAT IF WE LOOK AT ALL
THE WORK THAT'S BEEN IT'S KIND OF AMAZING WHEN YOU REALLY STEP BACK AND LOOK AT THE GET TO SEE IT IN FRONT OF US LIKE YOU KNOW WE SEE IT THROUGH A WHOLE YEAR BUT YOU KNOW LITTLE
BY LITTLE BUT TO SEE IT ON A SCREEN IT REALLY SHOWS THE WORK AND THE AMAZING STAFF THAT WE HAVE. SO THANK YOU FOR THAT AND THANK YOU FOR THE WORK THAT YOU'RE GOING TO BE DOING AND.
YOU KNOW WE'RE HERE TO SUPPORT YOU AND I KNOW THAT THINGS ARE CHALLENGING. THEY'RE GOING TO BE CHALLENGING IN THEIR UNKNOWN AND I GUESS I JUST WANT TO SAY THANK YOU AND YOU KNOW WE ARE
HERE AS WELL TO SUPPORT STAFF AS BEST AS WE CAN AS A BOARD BUT WE DO APPRECIATE ALL YOUR HARD WORK AND EFFORTS AND CONTINUING KEEP AFFORDABLE
HOUSING IN BLOOMINGTON. IS THERE ANY OTHER QUESTIONS OR DISCUSSN OR COMMENTS? IF NOT THIS IS THERE IS A
MOTION FOR THIS AND THAT IS TO APPROVE THE 2025 HRA WORK PLAN. SO DO HAVE A MOTION SO WE HAVE A MOTION BY COMMISSIONER DOLLINGER SECOND AND A SECOND
BY COMMISSIONER ISSA TO APPROVE THE 2025 HRA WORK PLAN. ANY DISCUSSION HEARING NONE ALL IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION
PASSES SIX ZERO YES QUESTION I MIGHT ALSO JUST NOTE THAT YOU KNOW JUST STEPPED INTO THIS ROLE ABOUT FOUR MONTHS AGO AND I AM ALSO VERY GRATEFUL TO ALL OF THE STAFF ON THE TEAM FOR KIND OF HELPING AND SUPPORTING
ME AS I YOU KNOW HAVE LEARNED A LOT AND STEPPED INTO THIS ROLE AND YOU ALL HAVE BEEN VERY WELCOMING AND ARE GREAT AT YOUR JOB. SO JUST WANTED TO GIVE THAT A SHOUT OUT AND ANOTHER THANK
YOU TO THE TEAM. WONDERFUL AND I'M 5.5 IS THE AFFORDABLE HOUSING TRUST FUND UPDATE ME WE HAVE THE STAFF
REPORT GOOD EVENING HHS COMMISSIONERS YEAH SO THIS IS THE HOUSING TRUST FUND UPDATE IT'S AN INFORMATIONAL DISCUSSION SO THERE'S NO ACTION REQUESTED AND OUR
INTENT IS TO INFORM THE AREA OF THE CURRENT STATUS OF THE FOR AFFORDABLE HOUSING TRUST FUND. WE'LL GO THROUGH SOME OPPORTUNITIES FOR FUTURE FUNDING AND. THAT'LL BE A PREVIEW OF OUR
LARGER PROPOSAL WHICH IS THE ITEM AFTER THIS. AND THIS PRESENTATION IS IN RESPONSE TO QUESTIONS FROM THE HRA BOARD FOR MORE INFORMATION ABOUT THE TRUST FUND.
SO THIS MIGHT BE A REFRESHER FOR SOME OF YOU BUT THE FUND FOR HOUSING TRUST FUND WAS ESTABLISHED BACK IN 2019 AS A COMPONENT PART OF THE OPPORTUNITY HOUSING ORDINANCE . THE THERE ARE MANY ELIGIBLE
ACTIVITIES I'VE LISTED SOME OF THEM BUT THAT'S NOT ALL ENCOMPASSING BASICALLY IT THE TRUST FUND IS ABLE TO FUND ALL AFFORDABLE HOUSING ACTIVITIES AND THOSE ARE LAID OUT WITHIN
THE AFFORDABLE HOUSING TRUST FUND MANUAL. SO TO INITIALLY FUND THIS THE TRUST FUND THE CITY ISSUED A
THROUGH AN RFP AND THE BANK THAT WAS SELECTED WAS OLD NATIONAL BANK AND THAT WAS ABLE TO CREATE 15 A LITTLE OVER $15 MILLION OF FUNDING
AND THAT WAS THROUGH A LOAN WHICH AT THE TIME WAS A KIND OF A MARKET RATE INTEREST RATE BUT AS THAT WAS 2019, SOME THINGS HAPPENED IN THE FOLLOWING YEARS THAT RESULTED IN THAT BEING ACTUALLY A
REALLY LOW INTEREST LOAN WHICH WAS TO THE BENEFIT THE FUND AND SO THAT 15 MILLION WAS THE INITIAL MONEY TO START OFF WITH THE FUND SO WANTED TO
PRESENT WITH THE ACCOMPLISHMENTS THAT THIS FUND HAS GOTTEN FOR THE CITY OF BLOOMINGTON SINCE IT WAS ESTABLISHED IN 2019. IT'S SUPPORTED FIVE PROJECTS YOU CAN SEE THOSE LAID OUT
HERE. I DID SOME KIND OF BACK OF A HAND MATH ON THIS THE 303 UNITS IN THE BOTTOM. RIGHT. SO THAT'S SIX THE UNITS THAT
ARE AFFORDABLE TO HOUSEHOLDS AT 60% OF INCOME AND BELOW THAT ACCOUNTS FOR 79% OF UNITS AT THAT AFFORDABILITY LEVEL
TH WERE BUILT SINCE 2021 FOR THE 50% LEVEL, THE 142 UNITS THAT'S 50% OF THE UNITS THAT WERE BUILT SINCE 2021 AT THAT AFFORDABILITY LEVEL. AND THEN FOR THE 30% AMMA
UNITS THAT MIKE WAS MENTIONING, THOSE ARE REALLY HARD TO BUILD. THE TRUST FUND SUPPORTED 100% OF THE UNITS THAT HAVE BEEN BUILT THAT ARE AFFORDABLE AT 30% AND I SO I THINK THAT HOPEFULLY CHARACTERIZES JUST
HOW IMPACTFUL THAT MONEY HAS BEEN SINCE ITS INCEPTION SINCE IT WAS FIRST ESTABLISHED BACK IN 2019. SO THERE IS A REPAYMENT STRUCTURE WAS PART OF THAT
ESTABLISHMENT PART OF THE BOND PROCESS SO AS I EXPLAINED THE CITY WENT FOR BONDING AND THE OLD NATIONAL BANK PURCHASED THOSE BONDS AND LOANED MONEY
TO THE CITY SO THEN THROUGH AN AGREEMENT THE HRA PAYS THE HRA AS THE ADMINISTRATOR OF THE AFFORDABLE TRUST FUND MAKES REPAYMENTS OF THE OLD NATIONAL
BANK LOAN AND THE SOURCE OF THOSE REPAYMENTS ARE THE REPAYMENT OF OUR LOANS TO DEVELOPERS AS WELL AS TAX INCREMENT FINANCING REVENUE THAT'S GENERATED FROM THOSE PROJECTS.
SO ALL OF THOSE FIVE PROJECTS LISTED HERE HAVE AFFORDABLE HOUSING TRUST FUND LOANS AND THEY HAVE TAX INCREMENT FINANCING DISTRICTS AND AS THOSE GET REPAID AND AS INCREMENT IS GENERATED THEY TRADE IS ABLE TO PAY THE CITY
BACK AND THE CITY THEN PAYS THE NATIONAL BANK BACK. SO AS PART OF THE STRUCTURE IF ANY OF THOSE REPAYMENTS ARE LESS THAN WHAT WAS PROJECTED,
THE HRA HAS ESTABLISHED A BACKSTOP THROUGH ITS LEVY WHICH PAYS FOR THAT DIFFERENCE AND SO THAT BACKSTOP IS $500,000 ANNUALLY AND THAT AMOUNT IS HELD IN THE IT'S AN
ACCOUNT WITHIN THE HRA ACCOUNTS IT'S THE HRA BACKSTOP AND IF THOSE FUNDS ARE NEEDED TO MAKE THOSE DEBT SERVICE PAYMENTS THEN THEY ARE DRAWN ON.
SO THERE SINCE THAT INITIAL FUNDING THERE HAVE BEEN SOME SHORTFALLS OF REPAYMENT FOR A VARIETY OF REASONS THEY'RE DETAILED HERE IN THIS TABLE BUT TO GO THROUGH THEM HIGH LEVEL THE FIRST REASON FOR
SHORTFALL IS DUE TO CHANGES TO THE LOW INCOME RENTAL CLASSIFICATION TAX CLASSIFICATION. SO THAT'S 4D1 SO PROJECTS THAT HAVE AFFORDABLE UNITS PAST A CERTAIN THRESHOLD ARE ABLE TO
GET REDUCTION TO THEIR TAX SO THAT THEY PAY LESS AND THAT HAS A DETRIMENTAL IMPACT TO OUR TIFF REVENUE BECAUSE AS YOU MIGHT KNOW WITH TIFF WHAT
WE BRING IN AS REVENUE ARE THE INCREASES TO THE TAXES THAT ARE PAID FOR THOSE PROJECTS. SO BECAUSE 41 HAS LOWERED THE TAXES PAID FOR THOSE PROJECTS WE END UP GETTING LESS TIFF
REVENUE. SO THERE WERE TWO PROJECTS THAT WERE IMPACTED BY THAT AND THAT'S VILLAGE CLUB AND LINDO FLATS PROJECT SINCE THEN WE KNEW THE IMPACTS OF FOUR D AND SO WE MADE OUR AGREEMENTS SO
THAT WE WOULD CAPTURE THOSE SAVINGS ESSENTIALLY. SO THE NEXT ISSUE TO BRING UP ARE SOME ERRORS THAT TOOK PLACE AT THE COUNTY LEVEL AND THOSE WERE WITH REGARDS TO
CLASSIFICATION OF OUR TIF DISTRICTS AND SO THOSE WERE UNFORTUNATELY THEY RESULTED IN DECREASED REVENUE FOR A NUMBER OF DISTRICTS VILLAGE CLUB ANNANDALE FLATS THE SAME
TWO BUT THOSE ISSUES HAVE SINCE BEEN CORRECTED FOR FUTURE YEARS AND THEN THE FINAL CATEGORY HERE IS PROJECTS THAT HAVEN'T PERFORMED AS PROJECTED AND.
SO ONE YOU'RE FAMILIAR WITH THAT'S BLOOMINGDALE SOUTH THEY RECENTLY CAME IN FOR A REQUEST TO DEFER THEIR PAYMENTS AND THERE WAS THEY AT THAT TIME WE PRESENTED THE REASONS FOR THAT SHORTFALL WHICH THERE ARE A
LOT OF REASONS BUT THE MAJORITY OR THE SUMMARY OF THOSE ARE HIGHER THAN EXPECTED EXPENSES AND REVENUES THAN PROJECTED AND SO THE HRA
BOARD APPROVED THE DEFERRAL OF THE MIDDLE SOUTH'S PAYMENTS THIS YEAR AND THEN THE OTHER PROJECT LISTED HERE IS CADENCE AND THIS IS YOU MIGHT NOTICE A12 OLD CEDAR SO PROJECT
ACTUALLY AS PART OF THE DEVELOPMENT AGREEMENT THEY ONLY MAKE REPAYMENTS TO OUR TRUST FUND IF THEY HAVE CASH FLOW AND THEY'VE BEEN ABLE TO DEMONSTRATE THAT BECAUSE
OF THESE SAME REASONS HIGH EXPENSES AND LOW REVENUES THEY DIDN'T HAVE CASH FLOW MAKE PAYMENTS ON OUR LOAN SO IT'S POSSIBLE THAT THIS COULD CONTINUE IN FUTURE YEARS.
SO THOSE WERE THE THOSE ARE SHORTFALLS WITH REPAYMENTS AND THE IMPACT THEIR TRADE LEVY IS THAT WE'LL NEED TO DRAW AGAINST A LEVY FUND.
SO THAT'S BEEN ESTABLISHED SINCE THE SET UP OF DEFERRED CLOSING TRUST FUND. SO THERE IS AN ACCUMULATED BALANCE A LITTLE OVER $2 MILLION AND SO THESE FUNDS ARE
COMMITTED THROUGH THIS STRUCTURE AND SO THEY'RE NOT CURRENTLY AVAILABLE FOR PROJECTS THAT COME IN BUT YOU CAN THINK OF THEM AS SUPPORTING THESE EXISTING PROJECTS THAT WE HAVE.
THIS WAS INTEGRAL TO GETTING THE BOND FUNDING WHICH GOT US OUR LOAN WHICH ALLOWED US TO SUPPORT THESE PROJECTS. SO WE'LL CONTINUE TO TRACK THE REPAYMENT FROM PROJECTS TO
IDENTIFY IF THESE FUNDS COULD EVENTUALLY BE AVAILABLE. THE REVOLVING ASPECT OF THIS FUND SO THAT WAS THE CONTEXT OF WHERE WE ARE CURRENTLY WITH
THE AFFORDABLE HOUSING TRUST FUND AND WE WANTED TO ALSO FRAME SOME OF THE WAYS GOING FORWARD THAT WE CAN SUPPORT PROJECTS AS THEY COME TO THE CITY AND ONE OF THE OPPORTUNITIES SOME OF THESE OPPORTUNITIES TO REPLENISH THE
FUND THE AFFORDABLE HOUSING TRUST FUND AND SO WE'VE IDENTIFIED TWO SOURCES HERE ONE YOU'VE ALREADY HEARD ABOUT TONIGHT AND WE'LL HEAR ABOUT MORE WHICH THE LOCAL AFFORDABLE HOUSING AID. SO PART OF THE PROPOSAL FOR
USAGE THAT HALF OF OUR ANNUAL ALLOCATION WOULD GO TOWARD THE AFFORDABLE HOUSING TRUST FUND AND THAT WOULD BE AROUND HALF A MILLION A YEA AND THEN THE OTHER SOURCE HERE IS A GRANT PROGRAM THAT
MINNESOTA HOUSING IS OPENING FOR THE FIRST TIME THIS YEAR AND THAT'S A ONE TIME GRANT. IT'S ACTUALLY A MATCHING PROGRAM BUT. STAFF ANTICIPATE THAT BECAUSE THE HRA HAS MADE ALLOCATIONS
TO THE TRUST FUND IN THE PAST THAT WE'VE ALREADY MET THE REQUIREMENT FOR MATCH SO THAT COULD GET US 225,000 FROM MINNESOTA HOUSING AND THEN THERE ARE OTHER LOCAL
RESOURCES THAT HAVE THE POTENTIAL TO SUPPORT PROJECTS AS THEY COME IN THE BIGGEST OF THOSE WOULD BE THE HRA DEVELOPMENT FUND WHICH IS AT THE DISCRETION, THE USAGES AT
THE DISCRETION OF THE HRA AND THEN THE OTHER TWO ONE IS TAX INCREMENT FINANCING. SO AS YOU SAW THOSE FIVE PROJECTS THAT GOT TRUST FUND LOANS THEY ALSO RECEIVED TAX INCREMENT FINANCING DISTRICTS
AND THAT'S AN INCENTIVE THAT'S OFFERED THROUGH THE OPPORTUNITY HOUSING ORDINANCE SO DEVELOPERS CAN REQUEST A 10TH DISTRICT AND THERE'S A PROCESS TO HANDLE THOSE. THAT PROCESS IS COORDINATED
WITH THE PORTAL NATURE AND SO THERE WOULD BE COLLABORATION ON TIF DISTRICTS GOING FORWARD AND THEN THE LAST SLIDE IS TO GO THROUGH SOME EXTERNAL FUNDS
SO I BRING OUT THE IMPORTANCE OF HAVING WITHIN OUR TRUST FUND BECAUSE IT WHAT IT ALLOWS US TO DO IS LEVERAGE THOSE FUNDS WHEN WE'RE SEEKING THESE EXTERNAL SOURCES SO OUR APPLICATIONS FOR FUNDING
BECOME MUCH STRONGER WHEN WE SHOW THAT LOCAL SUPPORT. SO THERE'S A LOT OF SOURCES HERE THE MAJORITY OF THAT I'VE SEEN DEVELOPMENT GO FOR RECENTLY COME FROM MINNESOTA HOUSING IN THE FORM OF TAX
CREDITS AND THEN HENNEPIN COUNTY AND MET COUNCIL PROVIDE A LOT OF AFFORDABLE HOUSING FUNDING SOME PROGRAM TO SPECIFIC THINGS SUCH AS TRANSIT ORIENTED DEVELOPMENT AND SOME ARE FOR THINGS LIKE
ENVIRONMENTAL CLEANUP DEED ALSO OFFERS ENVIRONMENTAL CLEANUP FUNDS AND THEN I PUT HER DOWN HERE BECAUSE WE ALSO RECEIVE CITY FUNDS WHICH HAVE AFFORDABLE HOUSING DEVELOPMENT
AS AN ELIGIBLE USE. SO THOSE ARE SOME EXTERNAL SOURCES AND I THINK JUST HIGHLIGHT THE IMPORTANCE OF HAVING AVAILABLE FUNDING SHOW THAT LOCAL SUPPORT.
SO AS I MENTIONED THIS IS A DISCUSSION ITEM SO THERE'S NO ACTION NEEDED AND HOPEFULLY THIS ALSO WILL TEE UP OUR DISCUSSION AFTER THIS.
ARE THERE ANY QUESTIONS ON QUESTIONS AND DISCUSSION? I MEAN OKAY. ALL RIGHT. WITH THAT WE'LL BE MOVING ON THEN INTO THE NEW BUSINESS 6.1
WHICH IS THE LOCAL AFFORDABLE HOUSING AID PROPOSAL. MAY WE HAVE THE STAFF REPORT FROM THESE GROUPS THANK YOU
CHAIR COMMISSIONERS SO OUR NEXT ITEM IS TO CONSIDER A PROPOSAL FOR USAGE LOCAL AFFORDABLE HOUSING AID I'LL CALL IT LARGER AND THANKS FOR
GETTING THE SLIDES OUT SO THIS THIS FIRST SLIDE IS FAMILIAR TO YOU. YOU SAW IT YOU'VE SEEN IT PREVIOUSLY BUT IT'S JUST AROUND US AND WHAT LAW IS SO IT'S FUNDED BY THE METRO AREA
SALES TAX WHICH IS ATTACK IT'S A SALES TAX THAT APPLIES TO THE ENTIRE METRO AREA AND A QUARTER PERCENT OF THAT TAX IS SET ASIDE FOR AFFORDABLE HOUSING AND IT'S DISTRIBUTED AMONG COUNTIES AND CITIES
IN THE METRO AREA. SO THE RANGE OF ELIGIBLE PROJECTS FOR LAW IS BROAD JUST LIKE OUR AFFORDABLE HOUSING TRUST FUND AND THE BROAD
STROKES ARE THAT RENTAL ASSISTANCE RENTAL PROJECTS HAVE TO BE AFFORDABLE TO HOUSEHOLDS EARNING 80% OF THE AREA MEDIAN INCOME OR BELOW AND OWNERSHIP PROJECTS HAVE TO
BE AFFORDABLE TO HOUSEHOLDS EARNING UNDER 15% OR BELOW THE STATUTE FOR LAWYER ALSO CALLS OUT A PRIORITY FOR RENTAL PROJECTS THAT ARE AFFORDABLE AT PERCENT AMI AND BELOW AND
HOMEOWNERSHIP PROJECTS AFFORDABLE AT 80% AMI AND BELOW. AND AS YOU'RE AWARE THAT'S MORE IN LINE WITH WHAT OUR PROGRAMS TARGET. SO WE'RE KIND OF WITHIN THAT
PRIORITY RANGE AND THEN TERMS OF HOW MUCH WE'RE ANTICIPATING TO RECEIVE WE EXPECT AROUND A MILLION ANNUALLY LAST YEAR WE GOT A LITTLE OVER HALF A MILLION AND THAT WAS DUE TO
THE COLLECTION OF ONLY TAKING FOR PART OF THAT YEAR. SO THIS YEAR WE RECEIVE COLLECTION FROM AN ENTIRE SO ON YOU'LL REMEMBER DECEMBER 10TH WE HELD A CONCURRENT MEETING BETWEEN THE PORT
AUTHORITY, THE HRA AND THE CITY COUNCIL AND THAT WAS A FACILITATED DISCUSSION SO. OUR GREAT FACILITATORS PULLED OUT SOME OF THE COMMON THEMES THAT THEY SAW THAT DISCUSSION AND THAT THE GROUP ITSELF
HIGHLIGHTED SO. THE THINGS THAT I THINK THAT I SEE HERE ARE THAT THERE'S A LOT OF OPPORTUNITY, THERE'S A LOT OF NEED THAT NEEDS TO BE ADDRESSED AND THERE'S NOT A LOT OF RESOURCES AND THERE'S NO CURE ALL.
THERE'S NO EASY SOLUTION AND. WE ALSO SAW A DESIRE TO HAVE A CLEAR DELINEATION OF HOW THIS FUND IS ADMINISTERED. SO WE BROUGHT PROPOSAL THIS EVENING WHICH HOPEFULLY ALIGNS
WITH THOSE GOALS AND THAT IS TO SPLIT THE ALLOCATION THAT THE CITY RECEIVES EACH YEAR INTO TWO BUCKETS HALF WOULD BE FOR AFFORDABLE HOMEOWNERSHIP PROGRAMS AND THEN HALF WOULD
BE AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION. SO FOR AFFORDABLE HOMEOWNERSHIP PROGRAMS WE HAVE A LOT OF EXAMPLES OF WHAT WE'RE ALREADY DOING. WE'VE GOT THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM WHICH WE HEARD ABOUT
TONIGHT THE 27 UNITS OF HOMEOWNERSHIP, HOUSING AND THEN THE OTHER PROJECT WHICH WE ALREADY HAVE IS THE HEIGHTS AND THAT WAS FOR THEIR DIRECT AND COMMITTED ASSISTANCE. SO THAT WAS 250,000 AND THEN THE FIRST BULLET GOING BACKWARDS IS JUMPING
IN ASSISTANCE AND THAT YOU HEARD MENTIONED IS THE TWIN CITIES HABITAT FOR HUMANITY DOWN PAYMENT ASSISTANCE PROGRAM. SO THAT WOULD BE AN ELIGIBLE USE OF THIS BUCKET FOR AND THE
OTHER SIDE WOULD BE THE FUNDING THAT ESSENTIALLY WOULD GET DEPLOYED THROUGH OUR AFFORDABLE HOUSING TRUST FUND . SO THAT WOULD BE PROJECTS LIKE WE'VE SEEN PREVIOUSLY WHICH IS NEW DEVELOPMENT OF AFFORDABLE
HOUSING AND IT COULD ALSO BE MORE PRESERVATION PROJECTS. WE'RE SEEING SOME NEED FOR FUNDING TO PRESERVATION SUCH AS WITH SOFTWARE STATES SO THAT FUNDING WOULD OPERATE
WITHIN THE FRAMEWORK OF THE AFFORDABLE HOUSING TRUST FUND . SO AS PART OF THIS ALLOCATION WE'VE PUT FORWARD A SPENDING AND REPORTING PROCESS WHICH WOULD BE THAT THE CITY AND THE
HRA WOULD ENTER INTO A MUTUAL AGREEMENT EVERY YEAR FOR ADMINISTRATION OF THESE FUNDS AND THIS IS TO MIRROR THE PROCESS CITY BG FUNDS SO EACH YEAR CITY BID FOR CITY BG THE
CITY AND THEY TRY TO ENTER INTO A MUTUAL AGREEMENT THE THEN THE WOULD ALLOCATE AND AUTHORIZE THE LARGER FUNDS AS OF ITS ANNUAL BUDGET THE THOSE FUNDS WOULD GET DEPLOYED THE
YEAR AND THEN COME DECEMBER AN ANNUAL WOULD BE PREPARED AND SUBMITTED TO MINNESOTA HOUSING WHICH IS PART OF THE REPORTING OF LA AND THEN THAT REPORT WOULD BE INCORPORATED INTO
POTENTIALLYHE ALL THINGS HOUSING REPORT WHICH GETS PRESENTED ANNUALLY TO THE PORT AUTHORITY TO TRAIN THE COUNCIL. SO MINNESOTA HOUSING WOULD GET IT FIRST AND THEN IT WOULD
COME TO THE THE CITY IN EARLY Q1 TYPICALLY. SO NEXT STEPS FOR THIS PROPOSAL AFTER CONSIDERATION
THIS EVENING THERE WILL BE A STUDY SESSION WITH THE PORT AUTHORITY ON FEBRUARY 18TH AND THEN THE THE PACT THE LARGER PROPOSAL WILL BE BROUGHT FOR CONSIDERATION AND APPROVAL
POTENTIAL APPROVAL BY THE CITY COUNCIL ON MARCH 3RD IF THAT APPROVAL GOES FORWARD THEY AND CITY WOULD THEN ENTER INTO THAT MUTUAL AGREEMENT AND THEN IN TERMS OF THIS YEAR
OF ADMINISTRATION SO WE'VE ALREADY RECEIVED ALL OF OUR FUNDING FROM LAST YEAR 2024 LOWER HALF OF THAT WAS PUT TOWARD THE HEIGHTS BUT THERE'S
STILL A REMAINING BALANCE THAT 267,000 SO OUR NEXT DISTRIBUTION OF LARGER WILL OCCUR ON JULY 20TH. WE'LL KNOW HOW MUCH THAT ACTUALLY AROUND JUNE MINNESOTA HOUSING PUTS OUT THE
DISTRIBUTION AROUND JUNE AND THEN I PUT IN THE TIMELINE FOR THAT REPORT INTO MINNESOTA HOUSING AND WE ACTUALLY RECEIVE THAT SECOND HALF OF DISTRIBUTION FOR THE CURRENT YEAR AFTER THAT
REPORTING DEADLINE. SO THE REPORT IS FOR THE PRIOR YEAR. SO THE RECOMMENDED MOTION THIS EVENING IS THERE BEFORE YOU AND WITH THAT WE CAN TAKE
QUESTIONS AND ANY QUESTIONS. THANK THANK THANK YOU AND YEAH
STILL NOT CLEAR ON HOW THE ROLES OF THE DISTRIBUTION I MEAN WE HANDLE THE HRA COUNCIL AND THE PORT AUTHORITY SO I
MEAN IT'S AND PROBABLY A SIDEBAR FOR ME TO GET A BETTER UNDERSTANDING BUT I'M INTERESTED IN KNOWING WHAT THAT'S GOING TO DO DURING COMMISSIONERS. THE WAY THAT WAS HELPFUL FOR
ME TO THINK ABOUT IT IS THAT THE LARGER FUNDS WILL BE ADMINISTERED IN WITHIN THE SAME RULES, THE SAME FRAMEWORK AS THE AFFORDABLE HOUSING TRUST FUND. SO THOSE REQUESTS FOR THAT
FUNDING COME TO THE ETRADE BOARD AS WELL AS THE CITY COUNCIL CURRENTLY IF YOU REMEMBER SEVEN UNDER AMERICAN THAT JUST WENT THROUGH THAT CAME THROUGH THESE BODIES SO THE EXPECTATION IS THAT LARGER
FUNDING WOULD WORK THROUGH THAT SAME FRAMEWORK AT LEAST THE THE BUCKET ON THE RATE THE FERTILIZING DEVELOPMENT AND PRESERVATION FUNDING WOULD FOLLOW THAT SAME FRAMEWORK AS
THE AFFORDABLE HOUSING TRUST FUND AND CHAIR AND COMMISSIONERS IF I COULD ADD. SO I THINK THE IDEA IS THAT SIMILAR TO CDBG AND THAT THE
COUNCIL IN THE AREA ENTER INTO THIS MUTUAL AGREEMENT EVERY YEAR AND THE COUNCIL OF SETS BROAD GUIDELINES AND THEN THE HRA WILL BE ABLE TO DELEGATE TO SPECIFIC PROJECTS WITHIN
THOSE GUIDELINES. SO THE HRA WILL ESSENTIALLY BE ADMINISTERING THE FUNDS AND MAKING DECISIONS AROUND SPECIFIC USE. BUT THE COUNCIL WILL STILL HAVE THE AUTHORITY TO ENTER
INTO THAT AGREEMENT WITH THE HRA EVERY YEAR AND KIND OF LIKE HIGH LEVEL OVERSIGHT AND WE'LL ALSO RECEIVE THE SAME REPORTING. SO THE HRA, THE PORT AND THE CITY COUNCIL WOULD ALL GET AN
ANNUAL REPORT ON THE USES USAGE OF THOSE COMMISSIONER I'D SAY YEAH SO I HAD A QUESTION FOR THE PRESERVATION PORTION OF THE FUNDING WOULD
THAT I GUESS CITY OWNED AFFORDABLE HOUSING OR IS THAT COMPLETELY SEPARATE TRACK COMMISSIONERS THE BUCKET IDENTIFIED HERE BECAUSE IT'S
WORKING THROUGH THE FRAMEWORK OF THE AFFORDABLE HOUSING TRUST FUND THE CURRENT ELIGIBLE PROJECTS ARE MULTIFAMILY SO BECAUSE THE HRA OWN PROPERTIES ARE SINGLE FAMILY THAT WOULDN'T
NECESSARILY BE AN ELIGIBLE USE CURRENTLY THAT DOESN'T MEAN THAT THAT RULE COULDN'T BE CHANGED IF THEY WANTED TO CHANGE THEIR FERTILIZING TRUST FUND MANUAL TO INCLUDE THAT AS
A USE THAT WOULD BE AN OPTION AT CHARTER COMMISSION IF I COULD ADD IT'S POSSIBLE THAT THOSE WOULD FIT UNDER THE AFFORDABLE HOMEOWNERSHIP PROGRAMS BUCKET. SO YOU KNOW WE'RE SPLITTING THE MONEY EVENLY THOSE TWO
PROGRAMS SO WE COULD CONSIDER USING SOME OF THOSE FUNDS FOR SOMETHING IN THAT SPACE. YEAH I WAS JUST ASKING BECAUSE I KNOW ONE OF THE I GUESS CONCERNS THAT WE KIND OF HAD
PREVIOUSLY WAS WITH THE LIKE CITY OWNED SINGLE FAMILY HOUSING AND JUST KIND OF MAKING SURE THAT THEY'RE UP DATE SO LIKE THE PEOPLE LIVING IN THEM KIND OF HAVE YOU KNOW,
UPDATED AMENITIES AND AND WHATNOT . ANY OTHER QUESTIONS OR COMMENTS
I GUESS THEN WE'D BE LOOKING FOR OUR MOTION TO APPROVE RESOLUTION 2020 5-6 APPROVING THE PROPOSED USAGE
OF LOCAL AFFORDABLE HOUSING, AUTHORIZING EXECUTION OF RELATED DOCUMENTS AND RECOMMENDING APPROVAL BY THE CITY COUNCIL.
SO WE HAVE A MOTION BY COMMISSIONER MUELLER AND, A SECOND BY COMMISSIONER S.A. TO ADOPT RESOLUTION NUMBER 20 25-6 IS THERE ANY DISCUSSION
HEARING NONE. ALL THOSE IN FAVOR PLEASE SIGNIFY BY SAYING I I OPPOSED MOTION PASSES ZERO THANK YOU
DISCUSSION ITEMS AND I'M 7.1 OR ADMINISTRé TO UPDATES. ARE THERE ANY UPDATES THIS EVENING? YES SURE COMMISSIONERS. I JUST HAVE ONE FOR YOU WHICH IS THAT YOU HEARD ASSISTANT ADMINISTRATOR AND I MENTIONED THE WAITLIST THAT WAS OPENED
LAST YEAR. SO AT THAT TIME WE SAID THAT WE WOULD DO ESSENTIALLY DO CHECK INS EVERY SIX MONTHS TO JUST VERIFY THE PEOPLE WHO ARE ON THE WAITLIST ARE STILL INTERESTED. SO WE ARE GOING FORWARD WITH THAT PROCESS THIS MONTH
IN FEBRUARY SO WE'RE ANTICIPATING THAT THAT WILL TAKE A LOT OF STAFF TIME TO BASICALLY SEND OUT A NOTICE TO EVERYONE OVER 6000 PEOPLE WHO HAVE SIGNED UP TO BE ON THE WAITLIST TO VERIFY THAT THEY'RE STILL INTERESTED.
SO I JUST WANTED TO LET YOU KNOW THAT'S HAPPENING AND ALSO YOU MIGHT HEAR IF COMMUNITY MEMBERS ARE ASKING YOU WHY THEY GOT THIS EMAIL THAT'S WHY. SO FEEL FREE TO DIRECT THEM TO STAFF IF YOU HAVE ANY QUESTIONS WITHOUT ANY OTHER
QUESTIONS THIS EVENING HERNAN WILL BE FOR A MOTION TO ADJOURN THE FEBRUARY 11TH 2025 HOUSING AND REDEVELOPMENT
AUTHORITY MEETING ALMOST I SHOULD MAKE MENTION WHAT I CAN IN A SECOND BY COMMISSIONER DELLINGER TO ADJOURN THE MEETING IS THERE ANY DISCUSSION HEARING ON ALL IN FAVOR PLEASE SIGNIFY BY
SAYING I HI OPPOSED MOTION PASSES SIX ZERO THANK