GOOD AFTERNOON EVERYONE. FOR THE RECORD MY NAME IS LIZ BREADON. I'M THE DISTRICT COUNCILOR FOR ALLSTON BRIGHTON DISTRICT NINE AND I'M THE CHAIR OF THE BOSTON CITY COUNCIL COMMITTEE ON HOUSING AND COMMUNITY
DEVELOPMENT. TODAY IS OCTOBER AND NINTH 2025 AND THE EXACT TIME IS 2207. THIS HEARING WILL BE IS TO BE
RECORDED AND WILL ALSO BE LIVESTREAMED AT BOSTON DOT GOV VAX LIVE CITY COUNCIL TV AND BROADCAST ON XFINITY CHANNEL
EIGHT RCN CHANNEL 82 FIREHOUSE CHANNEL 964 WRITTEN COMMENTS MAY BE SENT TO THE COMMITTEE EMAIL AT C C C DOT EDUCATION O
. WRONG WRONG COMMITTEE CC C DOT HOUSING AT BOSTON DOT GOV AND WILL BE MADE PART OF THE RECORD
AND AVAILABLE TO ALL COUNCILORS PUBLIC TESTIMONY MANY WILL BE TAKEN AT THE END AND WILL HAVE INTERSPERSED PUBLIC TESTIMONY THROUGHOUT THE HEARING. INDIVIDUALS WILL BE CALLED IN
THE ORDER IN WHICH THEY SIGNED UP AND WILL HAVE 2 MINUTES TO TESTIFY. IF YOU'RE INTERESTED INTERESTED IN TESTIFYING IN PERSON PLEASE ADD YOUR NAME TO THE SIGN UP SHEET NEAR THE ENTRANCE OF THE
CHAMBER. IF YOU'RE LOOKING TO TESTIFY VIRTUALLY. PLEASE EMAIL OUR CENTRAL STAFF LIAISON SEAN SHEEHAN PACK SC
CHE AND E DOT PAC PAGE SEE AT BOSTON DOT GOV FOR THE LINK UNDER NAME WILL BE ADDED TO THE LIST. TODAY'S HEARING IS ON DOCKET NUMBER 1440.
ORDER FOR A HEARING FOR A HEARING TO REVIEW PUBLIC EXPENDITURES AND FISCAL OVERSIGHT RELATED TO OWNERSHIP INVESTMENTS IN BOSTON.
THIS MATTER WAS SPONSORED BY COUNCILOR COUNCILORS JULIA MEJIA, BRIAN WORRELL AND ERIN MURPHY AND WAS REFERRED TO THE
COMMITTEE ON AUGUST TWO SIX 2025. SO IN THIS IN THE ORDER OF ARRIVAL COUNCILOR FLYNN COMES FROM THE HERE OR HERE. I WILL OPEN WITH VERY BRIEF
OPENING STATEMENTS SINCE THERE'S SO FEW OF YOU. BOTH OF YOU CAN HAVE AN OPENING STATEMENT. WE'LL START WITH THE LEAD SPONSOR. CONCILOR MEJIA HERE. THANK YOU.
THANK YOU, MADAM CHAIR. AND THANK YOU EVERYONE FOR JOINING US TODAY. I WANT TO THANK SARA BY THANKING THE CHAIR COUNCILOR AND FOR HOSTING THIS
HEARING ON MY CO-SPONSORS FOR THEIR ADVOCACY AROUND EXPANDING HOME OWNERSHIP OPPORTUNITIES. AND ALL OF MY COLLEAGUES FOR BEING A PART OF THIS DISCUSSION.
I ALSO WANT TO THANK THE ADMINISTRATION FOR JOINING US TODAY AND FOR THEIR ONGOING WORK TO EXPAND PATHWAYS TOWARDS HOME OWNERSHIP. THIS HEARING COMES DIRECTLY FROM CONVERSATIONS WITH
RESIDENTS WHO HAVE SHARED THE REAL DIFFICULTIES THAT THEY'RE FACING UNEXPECTED FINANCIAL BURDENS, COMPLICATED GOVERNANCE STRUCTURES AND UNCLEAR POLICIES
JUST TO NAME A FEW. HOME OWNERSHIP SHOULD PROVIDE STABILITY AND A CHANCE TO BUILD WEALTH. BUT FOR TOO MANY IT IS INSTEAD FEELS LIKE NAVIGATING A MAZE
OF RESTRICTIONS, ASSESSMENTS AND UNANSWERED QUESTIONS. OUR OFFICE HAS CONNECTED WITH WITH HOME OWNERS EXPERIENCING OVERWHELMING BUILDING ASSESSMENTS AND MIXED INCOME DEVELOPMENTS WHERE BOTH LIMITED
EQUITY AND MARKET RATE OWNERS ARE STRUGGLING WITH LITTLE SUPPORT. WE'VE HEARD FROM CO-OP MEMBERS WHO CARRY ALL OF THE COST OF HOME OWNERSHIP BUT STILL
CANNOT BUILD EQUITY BECAUSE OF HOW THEIR DEVELOPMENTS WERE FINANCED. OTHERS HAVE RAISED CONCERNS ABOUT GOVERNANCE GAPS, STRUCTURE AND CONSTRUCTION DEFECTS THAT APPEAR YEARS LATER. AMONG UNIQUE CHALLENGES
OF MAINTAINING GREEN BUILDING DESIGNS WITHOUT ADEQUATE FOLLOW THROUGH OR SUPPORT. I ALSO JUST WANT TO ACKNOWLEDGE THAT WE MAY NOT LEAVE HERE TODAY WITH A SINGLE SOLUTION
BUT WE DO HAVE THE OPPORTUNITY TO HEAR DIRECTLY FROM THE RESIDENTS REFLECT ON OUR ROLE AS THE CITY AND BEGIN SHAPING A CLEARER, MORE COMPREHENSIVE AND ACCOUNTABLE PATHWAY FORWARD
EVEN IN AREAS WHERE THE CITY LACKS DIRECT DIRECT JURISDICTION. IT'S WE CAN STILL CHOOSE TO BE A STRONGER AND A MORE THOUGHTFUL PARTNER IN HELPING THOSE WHO ARE NAVIGATING SOME OF THESE CHALLENGES.
IT IS MY HOPE THAT TODAY'S DISCUSSION OPENS DOORS TO BETTER OVERSIGHT, MORE TRANSPARENCY AND ULTIMATELY MORE SUSTAINABLE HOMEOWNERSHIP IN BOSTON.
I LOOK FORWARD TO HEARING FROM THE ADMINISTRATION, OUR PANELISTS AND ALL WHO ARE JOINING US TODAY. THANK YOU, COUNCILOR MEJIA. COUNCILOR FLYNN, YOU HAVE THE
FLOOR. 2 MINUTES. THANK YOU, MADAM CHAIR. AND THANK YOU TO THE ADMINISTRATION TEAM THAT IS HERE AND FOR THE IMPORTANT WORK THAT YOU ARE DOING.
THANK YOU, MADAM CHAIR, FOR SHARING THIS IMPORTANT HEARING TO THE ORIGINAL CO-SPONSORS COUNCIL MEMBER HERE. COUNCILOR MORRELL COUNCILOR MURPHY FOR BRINGING
THIS FORWARD. I WANT TO ALSO RECOGNIZE RESIDENTS FROM AND ITS ACTIVISTS IN SOUTH BOSTON AND MY COMMUNITY THE FATHER MARTIN
HOMES AS WELL. I KNOW THEY'RE ARE MY NEIGHBORS ACTUALLY IN SOUTH BOSTON. IT'S A WONDERFUL COMMUNITY. I WANT TO SAY WELCOME TO WELCOME TO THE RESIDENCE.
I ALSO WANT TO ACKNOWLEDGE THE RESIDENTS THAT ARE HERE ALSO WATCHING ON TELEVISION TOO FROM TENT CITY. I HAD THE OPPORTUNITY TO VISIT TENT CITY TWO WEEKS AGO ON IS
ON A SUNDAY THERE THE BRUNCH IN HONOR OF MALCOLM AND IT WAS A WONDERFUL CELEBRATION WITH RESIDENTS OF TENT CITY AND PROUD TO REPRESENT THAT AREA
OF THE KIND OF RED IN THE BACK BAY SOUTH AND BORDER ACROSS FROM ACROSS SOME OF THE TRAIN STATION.
THIS IS AN IMPORTANT DISCUSSION AND LOOKING FORWARD TO HEARING FROM THE ADMINISTRATION FROM THE THE PUBLIC TESTIMONY AS WELL AND I WILL NOT BE STAYING
LONG BUT I WILL HAVE AN OPPORTUNITY TO WATCH THE MOST OF THE VIDEO ON ON TELEVISION LATER THIS EVENING AND LOOKING
FORWARD TO LEARNING MORE ABOUT WHAT THIS ISSUE IS ALL ABOUT. THANK YOU, MADAM CHAIR. THANK YOU, COUNCILOR FLYNN. COUNCILOR LOUIJEUNE, DO YOU HAVE ANY OPENING STATEMENT
SHALL BE BRIEF. THANK YOU. GREAT. CONSECRATING THE UTICA IS MEJIA FOR FILING THIS. WANT TO SAY THANK YOU TO THE ADMINISTRATION FOR ALL THE WORK THAT YOU'VE BEEN DOING ON HOMEOWNERSHIP AND MAKING IT ACCESSIBLE. YOU KNOW THAT THE BEST FORM
OF RENT CONTROL IS HOMEOWNERSHIP BECAUSE YOU KNOW HOW MUCH YOUR MORTGAGE IS GOING TO BE EVERY MONTH. THERE'S A LOT MORE WORK THAT WE STILL HAVE TO DO. I SEE HILARY PEYSER WHO TURNED
ME INTO A HOMEOWNERSHIP ORGANIZER AFTER I TOOK A CLASS WITH MARSHA AND I'M INCREDIBLY GRATEFUL FOR THEIR ADVOCACY. WE ARE NOT PERFECT AND THERE ARE THINGS THAT WE NEED TO BE DOING BETTER. BUT I JUST KNOW THAT THE CITY
IS COMMITTED TO THE WORK. SO I WANT TO THANK YOU, CHIEF. WHAT I THANK YOU CARE AND I WANT TO THANK YOU JEFF THEN ONE OF THE GREAT FOR ALL THE WORK THAT YOU DO EVERY SINGLE DAY HERE FOR OUR CITY AND I LOOK
FORWARD TO THIS CONVERSATION AND I LOOK FORWARD TO HEARING FROM RESIDENTS. THANK YOU, MADAM CHAIR. THANK YOU, COUNCILMAN LOUIJEUNE WE'LL MOVE TO THE FIRST PANEL. I'D LIKE TO INTRODUCE TODAY'S
PANELISTS SO WE START THIS REPORT TODAY'S PANELISTS CHIEF SHEILA DILLON, CHIEF OF THE MAYOR'S OFFICE OF HOUSING. RICK WILSON DIRECTOR
OF ADMINISTRATION AND FINANCE AT THE MAYOR'S OFFICE OF HOUSING. KAREN RIBAS, DIRECTOR OF THE BOSTON HOME CENTER. JEFFREY THOMAS SPECIAL ASSISTANT TO THE CHIEF
OF PLANNING AND HILARY PIZER, DIRECTOR OF ORGANIZING AND POLICY AT MY HOUSE. WELCOME ALL. SO GOOD TO SEE YOU ALL HERE. THANK YOU FOR YOU BEING HERE
AND I WILL HAND IT OVER TO SO WE'RE GOING TO I'D LIKE TO UP TO 20 MINUTES FOR YOUR TESTIMONY AND FROM YOUR PANEL SO WE CAN START OFF YOU HAVE
THE FLOOR. OH AND PARDON ME I'LL JUST PAUSE FOR A SECOND AS WE PAUSE THIS LIKE I DON'T KNOW I DON'T LIKE I HAVEN'T STARTED EVER SO
CONTROVERSIAL. YOU'RE ONE OF THE ORIGINAL CO-SPONSORS. WOULD YOU LIKE TO MAKE AN OPENING STATEMENT? YES. THANK YOU, CHAIR AND THANK YOU TO THE PANEL FOR BEING HERE AND ALL THE RESIDENTS IN ATTENDANCE. I AM A BIG ADVOCATE FOR
HOMEOWNERSHIP. I BELIEVE THAT WE NEED TO BE DOING A LOT MORE WHETHER IT'S INVESTMENTS, WHETHER IT'S THROUGH THE ZONING PROCESS TO MAKE HOMEOWNERSHIP A REALITY
FOR MORE BOSTONIANS. YOU KNOW, IT'S SO MANY SO MANY BOSTONIANS HOMEOWNERSHIP IS OUT OF REACH FOR.
BUT I KNOW THAT WE ARE MAKING A LARGE MOVEMENT IN THE LAST COUPLE OF YEARS THROUGH THE INVESTMENT THAT THIS ADMINISTRATION HAS MADE AND I WANT TO MAKE SURE THAT WE ARE
NOT ATTACKING OR DIMINISHING ANY OF THOSE INVESTMENTS OR STRATEGIES THAT ARE BEING PUT OUT THERE AND HOW WE CONTINUE TO EXPAND AND GROW THOSE OPPORTUNITIES. SO I AM LOOKING FORWARD TO
HEARING MORE ON THIS CONVERSATION BUT ALSO LOOKING TO SEE HOW WE COULD BE MORE SUPPORTIVE OF HOMEOWNERS WHEN THEY GAIN THIS GREAT OPPORTUNITY.
SO THANK YOU AND I'LL ADD ONE LAST THING I THINK THAT THROUGH HOMEOWNERSHIP OUR HEART WE WE SEE SO MANY BENEFITS, RIGHT? WHETHER IT'S EDUCATIONAL OUTCOMES, HEALTH OUTCOMES AND I
THINK OUR HOUSING POLICY SHOULD BE DEFINITELY IN LINE WITH ALL OF OUR OTHER POLICIES. I MEAN HOMEOWNERSHIP HELPS US GET TO SOME OF THOSE POLICIES THAT WE'RE LOOKING TO TACKLE IN OTHER TOPICS.
SO THANK YOU SO MUCH LOOKING FORWARD TO THE CONVERSATION. THANK YOU CONSTABLE BROWN SO WE'LL MOVE ON TO OUR FIRST FIRST PANEL CHIEF DILLON, I WILL START THE CLOCK. YOU HAVE THE FLOOR.
THANK YOU. I WILL OPEN UP AND I AND I DO BEFORE I EVEN TALK ABOUT WHAT WE'RE GOING TO DO HERE TODAY, WHAT WE'RE GOING TO PRESENT, I DO WANT TO THANK THE CITY COUNCIL FOR THEIR SUPPORT IN
HOMEOWNERSHIP. WE HAVE BEEN TRYING VERY, VERY HARD. WE ARE NOT PERFECT BUT YOUR SUPPORT HAS REALLY HELPED US IN NEIGHBORHOODS. IT'S HELPED US GET RESOURCES. IT'S HELPED US SHAPE POLICY. SO I JUST I'D BE REMISS IF I
DIDN'T REALLY ACKNOWLEDGE THE CITY COUNCIL'S SUPPORT FOR THIS PROGRAM. I GOT TO HAND THIS OVER TO KAREN RIBAS WHO IS THE DIRECTOR OF THE BOSTON HOME CENTER. HER AND HER STAFF HAVE BEEN KILLING IT OVER THE LAST TWO
YEARS DOING MORE SUPPORTING MORE HOME BUYERS IN THE CITY AND HOMEOWNERS THAN WE'VE EVER DONE HISTORICALLY. AND AND THEN I'M GOING TO TALK A LITTLE BIT ABOUT DEVELOPMENT
AND I KNOW THAT THERE ARE SOME QUESTIONS ABOUT RESOURCES AND FINANCING AND SO WE'VE BROUGHT RICK WILSON FROM AN F R A F DIRECTOR WHO IF WE DON'T HAVE
IT WITH US TODAY WE WILL GET IT TO YOU. BUT WITH THAT I'M GOING TO HAND IT OVER TO KAREN. THANK YOU. GOOD AFTERNOON EVERYONE. FOR THE RECORD, MY NAME IS KAREN RIVERSIDE AND I'M DIRECTOR OF THE BUS AND HOME
CENTER. SO NEXT SITE THANK YOU. SO THANK YOU FOR THE OPPORTUNITY TO SHARE AN UPDATE ON OUR COLLECTIVE WORK TO EXPAND EQUITABLE HOMEOWNERSHIP OPPORTUNITIES ACROSS THE CITY
OF BOSTON HOMEOWNERSHIP AND IS IT'S NOT JUST ABOUT BUYING A HOME AND WE KNOW THAT IT IS ABOUT ENSURING THAT EVERY BOSTON RESIDENT HAS A REAL CHANCE TO BUILD THEIR FUTURE IN THE CITY OF BOSTON.
SO LET'S TAKE A LOOK AT THE CURRENT LANDSCAPE OF HOMEOWNERSHIP AND THIS IS WHAT WE'RE NOTICING IN OUR CITY BOSTON MERIDIAN HOME SALES PRICE IS APPROXIMATELY 789,000
WITH TODAY'S STILL HIGH INTEREST RATE THIS CREATES A SIGNIFICANT CHALLENGE FOR MANY FIRST TIME HOMEBUYERS ESPECIALLY LOW TO MODERATE INCOME BUYERS.
THE HOME OWNERSHIP VACANCY RATE STANDS AT ONE AND 1% INDICATING LIMITED INVENTORY AND HIGH COMPETITIVE MARKET FROM PROSPECTIVE BUYERS. WE HAVE ALSO ACKNOWLEDGE A
NOTABLE RACIAL DISPARITIES IN HOMEOWNERSHIP WHERE 43% OF WHITE RESIDENTS OWN THEIR HOMES, 32% OF BLACK RESIDENTS OWN THEIR HOMES AND 18% OF LATIN EX RESIDENTS OWN THEIR
HOMES. THESE FIGURES REALLY HIGHLIGHT A NEED TO CONTINUE EFFORTS TO MAKE HOMEOWNERSHIP MORE ACCESSIBLE AND EQUITABLE ACROSS ALL COMMUNITIES.
THE MAYOR'S OFFICE OF HOUSING IS ADDRESSING THESE CHALLENGES BY EXPANDING PATHWAYS TO HOMEOWNERSHIP THROUGH FINANCIAL ASSISTANCE FOR FIRST TIME HOMEBUYERS AND DEVELOP INCOME RESTRICTED OWNERSHIP
OPPORTUNITIES. RECENT INVESTMENTS FROM THE CITY, THE COMMUNITY PRESERVATION ACT, THE NEIGHBORHOOD HOUSING TRUST AND THE COMMUNITY BUILDER PROGRAM IN ARPA HAVE FURTHER STRENGTHENED THESE INITIATIVES
TO SUPPORT THIS CREATION SO MORE AFFORDABLE HOMEOWNERSHIP OPTIONS THROUGHOUT BOSTON. NEXT SLIDE PLEASE. THROUGH THE BUS HOME CENTER OR
WE PROVIDE EDUCATION WHICH IS REALLY IMPORTANT FOR US COUNSELING AND TECHNICAL SUPPORT FOR BOTH NEW AND PROSPECTIVE HOMEBUYERS. WE DON'T DO THIS ALONE. WE ALSO WORK WITH REALLY CLOSE PARTNERS.
WE HAVE NONPROFIT ORGANIZATIONS THAT WORK VERY CLOSELY WITH US. WE RECENTLY LAUNCH A CONDOMINIUM BUYER CLASS WHICH WE HAVE PARTNERED WITH MOCA
WHICH ALREADY HAS 551 GRADUATES AND THIS IS HELPING RESIDENTS BETTER UNDERSTAND THE CONDO OWNERSHIP AND MANAGE MENT BEFORE THEY BUY A HOME. I WILL BE MORE THAN HAPPY TO SHARE THE CURRICULUM IF ANYONE
WANTS TO SEE IT. WE ALSO ADDRESS ONE OF THE HIGHEST BARRIERS OF HOMEOWNERSHIP, CREDIT ACCESS AND WE HAVE OUR CREDIT BOOSTER PROGRAM IN PARTNERSHIP WITH URBAN EDGE. THIS OFFERS FINANCIAL LITERACY,
EDUCATION AND GRANTS TO HELP FIRST TIME HOMEBUYERS RAISE THEIR CREDIT SCORES AND BECOME MORTGAGE READY TO BE ABLE TO AFFORD IT AND BE ABLE TO BUY A HOME IN BOSTON.
ANOTHER IMPORTANT INITIATIVE IS THE FIRST GENERATION HOMEBUYER MATCH SAVINGS PROGRAM IN PARTNERSHIP WITH MHA. SO FAR 648 RESIDENTS HAVE
ENROLLED IN 124 HAVE ALREADY RECEIVED GRANTS TO BOOST THEIR SAVINGS AND THE PURCHASING POWER TO BE ABLE TO BUY A HOME AND MOST IMPORTANTLY ALL OF OUR
PROGRAMS ARE DESIGNED WITH LANGUAGE STABILITY IN MIND. SO BECAUSE OPPORTUNITY SHOULD NEVER DEPEND ON WHATEVER ENGLISH AS YOUR FIRST LANGUAGE WE REALLY HAVE ALL OUR PROGRAMS IN AND DOCUMENTS IN 11
LANGUAGES. NEXT SLIDE PLEASE. OKAY. SO AS WE KNOW FINANCIAL BARRIERS REMAIN ONE OF THE TOUGHEST HURDLES IN HOMEOWNERSHIP AND THAT'S WHERE
OUR FINANCIAL ASSISTANCE MAKES A REAL DIFFERENCE. FOR SOME HOMEBUYERS SCHOOL ACCESS DOWN PAYMENT AND CLOSING COST ASSISTANCE. AND AS YOU KNOW AND I CALL THIS
MY BIGGEST BABY IS THE ONE PLUS BOSTON WHICH MY HIGH AND B BE HAVING A REALLY PARTNERED WITH THIS PROGRAM WHERE IT PROVIDES INCHES RATES SUBSIDY WHICH SIGNIFICANTLY REDUCES MONTHLY
MORTGAGE COSTS TO WHAT WE'RE RESIDENCE UNDER AND THIS IS SOMETHING THAT WE WANT TO HIGHLIGHT ON THEIR MAYOR LEADERSHIPS WE HAVE SEEN A HISTORIC AND UNPRECEDENTED
INVESTMENT IN HOMEOWNERSHIP OPPORTUNITIES SINCE 2022. WE HAVE ASSISTED AT THOUSAND AND 59 HOME BUYERS AND I'M PROUD TO SHARE THAT 50% OF THEM
ARE BIPOC HOUSEHOLDS AND MOST OF THEM ARE BELOW THE 100% OF MY TIME. WE ALSO HAVE OUR FIRST HOME PROGRAM WHICH IS ALSO A
PARTNERSHIP WITH THE BOSTON HOUSING AUTHORITY. SO FAR AS OF YESTERDAY I KNOW THE SLIDE SAYS 84 BUT YESTERDAY THEY WERE HEARD THAT WE ARE 85
RESIDENTS WHICH IS REALLY A HUGE ACCOMPLISHMENT AND THERE IS STILL MORE THAT WE'RE WORKING WITH WITH VHA. 83% OF THOSE BUYERS ARE BIPOC. THIS IS A REAL PROCESS, REAL
PROGRESS EVIDENCE THAT OUR INVESTMENTS ARE NOT ONLY EXPANDING ACCESS BUT ALSO CLOSING RACIAL HOMEOWNERSHIP GAP AND HELPING FAMILIES TO BUILD GENERATIONAL WEALTH AND
HERE IN THE CITY OF BOSTON. OUR NEXT SLIDE AND I THINK THIS IS GREAT. THANKS, KAREN. IT WAS A GOOD SUMMARY OF THE PROGRAMS. SO AS KAREN MENTIONED, THERE IS
NOT A LOT THAT OUR LOW AND MODERATE INCOME FAMILIES CAN PURCHASE IN THE MARKET ALTHOUGH WE ARE HELPING PEOPLE BUY IN THE MARKET THROUGH LOW INTEREST LOANS AND DOWN PAYMENT ASSISTANCE.
WE ARE WE'VE REALLY STEPPED UP THE AMOUNT OF DEVELOPMENT THAT WE'RE SUPPORTING TO BUILD NEW HOMEOWNERSHIP. THE CITY HAS HISTORICALLY FOCUSED ON USING OUR LAND AND RESOURCES FOR RENTAL
DEVELOPMENTS. BUT BECAUSE NEIGHBORHOODS WANT IT, CITY COUNCIL WANTS IT AND IT'S THE RIGHT THING TO DO WE ARE BUILDING MORE SUPPORTING THE CONSTRUCTION OF MORE HOMEOWNERSHIP PROJECTS AS THE
SLIDE INDICATES WE'RE GOOD PROVIDING BOTH FUNDING TO THE SOURCES THAT KAREN MENTIONED AND SURPLUS LAND. SO WE ALSO ARE CREATING AFFORDABLE HOMEOWNERSHIP
OPPORTUNITIES TO THE INCLUSIONARY ZONING PROGRAM AND BEFORE THAT IDP. SO THAT'S SETTING ASIDE IF THERE'S A HOMEOWNERSHIP MARKET RATE DEVELOPMENT SETTING ASIDE
A CERTAIN PERCENTAGE OF THE UNITS TO BE LOWER COSTS SO MODERATE INCOME FAMILIES CAN PURCHASE THOSE UNITS. TO DATE WE HAVE COMPLETED SINCE
2020 TO 526 NEW HOMEOWNERSHIP UNITS WITH ANOTHER 368 IN CONSTRUCTION AND WE HAVE OVER 1000 HOMEOWNERSHIP UNITS IN OUR AFFORDABLE PIPELINE WHICH THOSE
FOR LOOKING BACK ON WHAT WE HAVE PRODUCED IN YEARS PRIOR THOSE ARE VERY, VERY LARGE NUMBERS. SO WE ARE AS MANY OF YOU KNOW WE ARE PRIORITIZING WORKING WITH LOCAL DEVELOPERS AND THAT
IS REALLY A SHIFT FOR WORKING WITH A LOT OF NEW TEAMS AND PROVIDING A LOT OF TECHNICAL ASSISTANCE. BUT THE THEY'RE BUILDING BEAUTIFUL HOMES AND WE'RE REALLY MAKING THIS IT ALL ABOUT
ECONOMIC DEVELOPMENT AS WELL. JUST A COUPLE OF OTHER THINGS DESIGNS MATERIALS ARE REVIEWED FOR COMPLIANCE WHERE WE'RE REALLY BEING VERY CAREFUL ABOUT THE DESIGNS AND ALSO THE
MATERIALS BEING USED TO MAKE SURE THAT THE HOMES ARE STAND THE TEST OF TIME. JUST A COUPLE OF EXAMPLES. THIS IS THIS IS REALLY COMING OUT OF THE GROUND.
IF YOU DRIVE BY NORWELL STREET YOU'LL SEE THIS IS 12 MIXED INCOME HOMEOWNERSHIP UNITS TO BE COMPLETED IN JULY. I'VE BEEN DRIVING BY AND IT'S REALLY IT'S IT'S MOVING FAST SO IT'S IT'S REALLY A GOOD
INDICATION WHERE WE HAD LAND WE MADE RESOURCES AVAILABLE, THE STATE MADE RESOURCES AVAILABLE AND WE'RE GOING TO HAVE 12 NEW HOMES FOR SALE SOON.
ANOTHER EXAMPLE AND COUNCILOR FLYNN IS CERTAIN KNOWS THIS ONE WE DID A GROUNDBREAKING IN CHINATOWN I WANT TO SAY TWO WEEKS AGO WHERE WE SAW A BOSTON PUBLIC
DEVELOPMENT WHERE WE'RE GOING TO A UNIT TO SOMEONE ADVANCE A SLIDE. SORRY. THERE WE GO. OKAY, THAT'S COMING. THAT'S NORWELL STREET. ALL RIGHT. AND NOW THE NEXT ONE. SORRY. CAN YOU ADVANCE? OKAY.
THERE WE GO. THIS WAS THIS IS IN CHINATOWN ON HUDSON STREET WHERE IT'S THE HOUSING WITH PUBLIC ASSET PROGRAM WHERE WE'RE DEVELOPING
A NEW LONG AWAITED LIBRARY FOR CHINATOWN WHICH FOLKS HAVE WANTED FOR A VERY, VERY LONG PERIODS OF TIME. BUT ON TOP OF THE LIBRARY THERE'LL BE OVER 100 UNITS
OF AFFORDABLE HOUSING 44 HOMEOWNERSHIP UNITS. SO SOME OF I'M JUST SHOWING THESE TO SHOW VARIATION IN THE PROGRAM. SOME WERE FUNDING IN HIGH RISE OR MORE DENSE CONDITIONS.
OTHERS ARE YOU KNOW, CONDOMINIUMS, SINGLES IN TWOS AND ON, YOU KNOW, INFILL SITES THROUGHOUT THE CITY. NEXT SLIDE.
ANOTHER ANOTHER PROJECT THAT WE REALLY DO LOVE IN PEOPLE THESE ARE THESE SELL VERY, VERY QUICKLY EVERYONE WANTS TO LIVE IN OLMSTED THERE'S THESE ARE
SINGLE SINGLES LIKE TWO AND TOWNHOME WAS IN OLMSTEAD GREEN THERE WERE 80 HOMEOWNERSHIP UNITS RECENTLY COMPLETED AND THEY ARE NOW BEING MARKETED AND I THINK THEY'RE PRETTY WELL
SOLD OUT. I'M LOOKING AT KAREN FOR VARIOUS VERIFICATION BUT SO THESE ARE REALLY BEAUTIFUL. WE TOURED THESE THE OTHER DAY. THEY'RE REALLY LOVELY LOVELY HOMES IN A BEAUTIFUL SETTING AND THIS IS JUST A WONDERFUL
COMMUNITY. SO ONCE WE ONCE WE'VE. OH, NEXT SLIDE. SORRY. ONCE WE BUILD NEW HOMES WE DO PROVIDE ONGOING MONITORING AND
SUPPORT. WE ARE. SO SOME OF THAT IS MAKING SURE THAT THE RESIDENTS ARE IN THE UNITS, THEY'RE NOT RENTING THEM
OUT ETC. BUT MORE IMPORTANTLY WE ARE ALWAYS THERE TO HELP HOMEOWNERS IF IF THEY INDEED NEED SOME ASSISTANCE AND THAT
IS WE'RE PROVIDING TECHNICAL ASSISTANCE TO EXISTING CONDOMINIUM OLDER CONDOMINIUM PROJECTS. WE WOULD LIKE TO DO MORE OF THIS OFTENTIMES DOING
CAPITAL IMPROVEMENTS 1520 YEARS OUT CAN BE VERY EXPENSIVE SO WE CAN'T DO AS MANY AS WE WOULD LIKE WE WOULD WE DO SEVERAL YOU KNOW, EACH YEAR AND WE ARE PROVIDING A LOT OF TECHNICAL ASSISTANCE TO OLDER CONDOMINIUM
DEVELOPMENTS IN THE CITY THROUGH KAREN SEBASTIAN HOME CENTER WE ARE PROVIDING HOMEOWNERS WITH ONGOING REPAIR PROGRAMS AND NEW HEATING
SYSTEMS FOR OUR SENIORS. THAT PROGRAM IS BUSIER THAN EVER MAKING SURE THAT WE'RE SUPPORTING OUR EXISTING HOMEOWNERS AND JEFFREY ALKINS AND HIS TEAM AT THE BOSTON HOME
CENTER ARE PROVIDING FORECLOSURE PREVENTION SERVICES IF INDEED HOMEOWNERS SHOULD GET INTO ANY KIND OF TROUBLE BOTH DOING IT IN-HOUSE AND THEN WORKING WITH TALENTED NON-PROFITS TO MAKE SURE THAT
WE'RE WORKING WITH THE LENDERS TO RESTRUCTURE OR WORK WITH THE HOMEOWNERS TO FIND A SOLUTION. SO IT'S IT'S RARE IT'S RARE THAT WE'RE ONE AND DONE. IT'S MORE TYPICAL THAT WE ARE
CONTINUE TO WORK WITH OUR HOMEBUYERS TO ENSURE THAT THEY'RE SUCCESSFUL DECADES TO COME. RICK AND IF YOU HAVE ANYTHING TO ADD IF YOU'RE JUST HERE FOR QUESTIONS. OKAY. VERY GOOD.
SO WE'LL WRAP UP OUR OUR OUR PIECE OF THE PRESENTATION. THANK YOU VERY, VERY GOOD. THANK YOU. JUST BEEN JOINED BY CANTOR
FITZGERALD AND COUNSELOR WEBER I THINK I SAID GOT YOU TO GO NEXT WE WILL HILARY FROM MY HOW
HAVE YOU ANYTHING TO STAY AT THIS STAGE IT'S PLEASE HAPPY TO ANSWER QUESTIONS ABOUT MY HOW WE INTERACT WITH FOLKS BEFORE
DURING AND AFTER PURCHASE SOME OF THE ORGANIZING AND ADVOCACY AND CURRENT RESEARCH WE'RE DOING. SO I DON'T NEED TO MAKE A BIG STATEMENT BUT I'M HAPPY TO ANSWER QUESTIONS ABOUT THAT.
BUT WE PARTNER REALLY CLOSELY WITH THE CITY AND WITH THE COUNCIL. THE OTHER THING I JUST WANT TO UNDERLINE FROM THE COMMUNITY PERSPECTIVE THAT I'VE BEEN DOING THIS 38 YEARS AND IN THAT
TIME WE'VE HAD ABOUT 3000 UNITS PRODUCED OR ON THE BOOKS AND NOW WE'VE FINALLY GOT A REAL ENERGY BEHIND CREATING MORE OF THESE OPPORTUNITIES.
WE GRADUATE COLLECTIVELY IN BOSTON OVER 5500 REALLY, REALLY, REALLY DESERVING SINCERE FIRST TIME HOMEBUYERS WHO WANT TO PLACE IN THE CITY EVERY YEAR.
SO THESE UNITS ARE REALLY IMPORTANT TO US AND THE LONG TERM SUCCESS OF HOMEOWNERS AND WE ARE HERE OUR PHONE NUMBER IS AVAILABLE TO HELP ANYBODY WHO
GETS THEMSELVES OR FINDS THEMSELVES IN A SITUATION WHETHER IT BE BECAUSE OF CONSTRUCTION ISSUES OR OTHER THINGS AND WE WOULD WORK REALLY CLOSELY WITH THE CITY AND WE
REALLY APPRECIATE THEY'VE RECENTLY REALLY BEEFED UP A LOT OF THE SERVICES FOR CONDO OWNERS AND ALSO WORKED WITH US TO REVAMP THE NONPROFIT
CURRICULUM FOR CONDO 202 SO I AM REALLY EAGER TO TO HEAR MORE ABOUT FROM THE OTHER TESTIFIERS TODAY AND WORK WITH THE COUNCIL AND WITH THESE REALLY
GREAT FOLKS WHO ARE REALLY WORKING HARD HERE ON HOMEOWNERSHIP. THANK YOU. EXCELLENT. SO WE'LL MOVE NOW TO CULTURAL
QUESTIONS TO GO BACK AND FIND MY OH, IT'S NOT THAT WELL THIS
TECHNOLOGY SOMETIMES MAKES ME NERVOUS AS TO OKAY, WELL MOVE TO CONSTANTLY NORMAL BACK
IN THE DAY THAT IS THE PHONE JUST THE PHONE IS YOU DON'T UNDER THE UNDERESTIMATE MY TECHNICAL SKILLS THAT I'M LIKE I'M GOING TO TIME UP HANG ON A
MOVE THIS UP TO A GARDNER IT'S GOOD EXCELLENT. SO WE'LL START WITH THE LEAD SPONSOR COMES FROM HERE YOU HAVE 6 MINUTES TO ASK QUESTIONS OF THE PANEL AND WE'LL START
THE CLOCK. THANK YOU SO NOW IF YOU GO ALL RIGHT SO I JUST WANT TO THANK THE ADMINISTRATION AND AGAIN, YOU KNOW, WHEN WE FILED THIS HEARING WE REALLY WANTED TO GET
INTO THE WEEDS OF SOME OF THE ISSUES THAT HAVE BEEN BROUGHT TO OUR ATTENTION SPECIFICALLY. I'M JUST GOING TO DIVE IN A LITTLE BIT DEEPER INTO THE FATHER MARTIN HOMES AND YOU
KNOW, CAN CAN YOU ALL JUST CLARIFY FOR US THE CURRENT DEBT TO LOAN TERMS BECAUSE I THINK WHAT WHAT IS HAPPENING IS THAT WE'RE REALLY SUPER EXCITED TO CREATE AS MANY PATHWAYS TO HOME
OWNERSHIP. BUT WHAT IS HAPPENING IS THAT SOMETIMES THINGS ARE NOT CLEAR . PEOPLE GET INTO THE SPACES IN PLACES WITHOUT ONE SET OF ASSUMPTION AND THEN IT'S SOMETHING ELSE, RIGHT? AND THAT I THINK IS WHAT'S
HAPPENING AT FATHER MARTIN. AND SO IF YOU COULD JUST PROVIDE US SOME UNDERSTANDING OF WHAT THE CURRENT IF YOU HAPPEN TO KNOW THE CURRENT DEBT AND LOAN TERMS OF THE FATHER
OF MINE HOUSE AND WHETHER OR NOT FORGIVING OR RESTRUCTURING THEM HAS EVER BEEN CONSIDERED. YEAH. THANK YOU COUNSELOR. THAT'S A GREAT QUESTION.
SO THE FATHER MARTIN LOAN RIGHT NOW IS A BALANCE OF $636,000 AND THAT LOAN WAS ACTUALLY RESTRUCTURED JUST A FEW YEARS AGO IN 2021. IT'S A NO INTEREST LOAN.
IT MATURES IN 2044. RIGHT NOW THERE'S ANNUAL PAYMENT OR UP UNTIL THIS YEAR THE ANNUAL PAYMENTS HAVE BEEN 10,000 $10,000 A YEAR OR PER
NOTE. THAT'S THE TOTAL LOAN FOR THE FOR THE PROPERTY THAT IS SCHEDULED TO GO UP AT THE END OF THIS YEAR TO $20,000 A YEAR AND THEN IT WOULD SO THE WAY WE RESTRUCTURED IT IT WAS 10,000
FOR A NUMBER OF YEARS AND IT WENT UP TO 20,000 AND THEN I THINK IT GOES TO 30,000 AND A FEW YEARS FROM NOW. SO WE WE'RE ALWAYS WILLING AND READY TO TALK ABOUT RESTRUCTURING LOANS IF THE NEED ARISES. YOU KNOW, WE ALWAYS WANT TO
MAKE SURE WE'RE DOING OUR DUE DILIGENCE IN WORKING WITH THE PROPERTY TO KNOW WHAT THEIR NEEDS ARE, WHAT THEY CAN AFFORD, WHAT THEIR CAPITAL NEEDS ARE.
BUT YEAH, WE'RE ALWAYS YOU KNOW WE'RE ALWAYS WILLING TO TALK TO RESIDENTS AGAIN. THIS ONE WAS JUST RESTRUCTURED NOT THAT LONG AGO. DO THEY OWN ARE THEY OWNERS? YES. YES. IT'S A CO-OP OWNED BY THE ROOSEVELTS BECAUSE THERE SEEMS
TO BE A LITTLE BIT OF LIKE THEY'RE PAYING FOR THE MAINTENANCE AND DOING ALL OF THESE THINGS BUT THEY THEIR OWNERS THEY ARE THEIR OWNERS. YES. THERE WAS THAT THAT CO-OP WAS
PART OF A CO-OP INITIATIVE. GOSH SHEILA, COME ON IN THE NINETIES AND A LOT OF SOME OF THEM THERE WERE FIVE DEVELOPMENTS CITYWIDE AND SOME
OF THEM DECIDED OR OPTED OR DECIDED TO BECOME RENTAL HOUSING AGAIN OWNED BY A NONPROFIT BUT A FATHER, WALTER MARTIN IS OWNED BY THE RESIDENTS. GREAT. THANK YOU FOR THAT FLAHERTY.
AND HOW DOES THE CITY ENSURE A FAIR AND COMPETITIVE BIDDING PROCESS? THIS IS JUST MORE AROUND CONSTRUCTION AND REPAIR WORK IN CITY SPONSORED HOUSING
PROJECTS. ARE THERE ENOUGH QUALIFIED CONTRACTORS PARTICIPATING AND HOW MANY BIDDERS ON AN AVERAGE DO YOU SEE PER PROJECT? OKAY DO YOU MEAN NEW DEVELOPMENT COUNCIL OR JUST
MORE REHAB PROGRAMS? OKAY. DO YOU WANT TO SPEAK TO THE NEW CONSTRUCTION? YEAH, I MEAN NEW NEW NEW CONSTRUCTION. YOU KNOW WE ISSUE IF WE'RE PUTTING OUT A PIECE OF LAND FOR
FOR HOME OWNERSHIP DEVELOPER OR ANY DEVELOPMENT YOU KNOW WE HAVE TO FOLLOW STATE LAW CHAPTER 30 B WE PUT OUT AN RFP WE WORK WITH THE COMMUNITY TO PUT THAT TOGETHER. WE HAVE LOTS OF MEETINGS YOU
COUNCILOR YOU KNOW ALL THIS WE PARTICIPATE IN A LOT OF THESE AND YOU KNOW, MAKE SURE WE'RE PUTTING IN THE RFP THE KINDS OF DEVELOPMENTS THAT THE COMMUNITY WANTS IN TERMS OF THE
LOOK AND FEEL AND SIZE AND UNIT MIX. WE OFTEN ALMOST ALWAYS GET MULTIPLE RESPONSES. I DON'T HAVE THE NUMBER I KNOW YOU WERE I THINK MAYBE HOPING TO HEAR SPECIFIC NUMBERS. WE CAN CERTAINLY COMPILE THAT
BUT IT'S NOT TYPICAL FOR US TO GET, YOU KNOW, NO RESPONSES OR EVEN ONE RESPONSE. WE USUALLY GET MULTIPLE MULTIPLE RESPONSES FOR OUR FOR OUR LAND THE CRITERIA IS ALL SPELLED OUT IN THE RFP AS TO
HOW WE'RE GOING TO EVALUATE THE RESPONSES AS FAR AS THE DEVELOPER CAPACITY AND YOU KNOW WE DO A TON OF A TON OF WORK TO MAKE SURE THAT OUR OPPORTUNITIES ARE KNOWN THROUGHOUT THE CITY.
WE PROVIDE A LOT OF TECHNICAL ASSISTANCE TO SMALL DEVELOPMENT TEAMS ESPECIALLY IN RECENT YEARS TO TRY TO GET NEW NEW PLAYERS INTO IN THE ARENA. GREAT, THANK YOU. I JUST BECAUSE I'M LOOKING AT MY TIME AND I GOT LOTS OF QUESTIONS SORRY BUT I'M
GOING BACK TO FATHER MARTIN REAL QUICK JUST BECAUSE FROM WHAT WE'VE LEARNED OR AT LEAST FROM WHAT HAS BEEN SHARED WITH THE RESIDENTS TO OUR OFFICE IS
THAT, YOU KNOW, THERE'S THERE WAS SOME DISCREPANCIES IN TERMS OF WHAT THEY SIGNED UP FOR 30 SOMETHING YEARS AGO AND WHAT IT ACTUALLY IS NOW. AND YOU KNOW, SOME FOLKS HAVE TALKED ABOUT LANGUAGE BARRIERS.
SOME FOLKS HAVE TALKED ABOUT NOT FULLY UNDERSTANDING WHAT THEY WERE LITERALLY SIGNING UP FOR. SO CAN YOU JUST TALK TO US ABOUT JUST FOR THE SAKE OF THE EXERCISE KIND OF WALK US
THROUGH WHEN SOMEONE ENTERS INTO THE AGREEMENT OF BEING A HOMEOWNER IN A CO-OP SITUATION ,WHAT ARE THE CLEAR EXPECTATIONS THAT ARE SHARED WITH THEM?
WHAT ARE THE DISCLOSURES? WHAT DO PEOPLE NEED TO KNOW BECAUSE THINGS HAVE CHANGED SIGNIFICANTLY FOR THE FOLKS THERE. SO IF YOU CAN TALK TO US ABOUT COMMUNICATION OVER THE DECADES AND REGARDING THIS PARTICULAR
PROJECT. SO GIVEN GIVEN IT WAS A COOPERATIVE AND IT WAS BUILT I THINK IN THE NINETIES I DON'T I DON'T KNOW EXACTLY WHAT IT WAS. IT WAS DEVELOPED BY THE SOUTH
BOSTON AND DC IF I REMEMBER CORRECTLY AND THEY WORKED WITH THE FIRST RESIDENTS I I DON'T KNOW EXACTLY WHAT WAS CONVEYED YOU KNOW DECADES AGO I DO KNOW
RIANNA BURNELL IS HERE AND SHE'S WORKING WITH THE RESIDENTS AND THEY'VE RECENTLY HAD A CONSULTANT SO BUT I THINK WE HAVE HEARD MORE GENERALLY
NOT TALKING ABOUT FATHER MARTIN RIGHT NOW BUT WE HAVE HEARD THAT SOME OF THE HOMEBUYERS THAT ARE BUYING DEED RESTRICTED UNITS ARE HAVE NOT THEY HAVEN'T FELT THAT THE INFORMATION HAS BEEN CLEAR ENOUGH.
SO NOW IT IS BAKED INTO EVERY HOME BUYING CLASS WE'RE HAVING WE'VE DONE A MUCH BETTER JOB I THINK PROVIDING REALLY CLEAR DISCLOSURES.
WE'RE ENCOURAGING BUYERS TO WORK WITH THEIR ATTORNEYS. WE REALLY WANT TO MAKE SURE THAT THEY KNOW EXACTLY WHAT THEY'RE SIGNING UP FOR THE OBLIGATIONS AND THE BENEFITS. BUT I COULD GO MAYBE GO BACK IN
OUR FILES ON THE WALL TO THE WALTER MARTIN COOPERATIVE AND SEE IF THERE'S LIKE SOME DOCUMENTATION THAT I COULD GIVE YOU. BUT I DON'T KNOW WHAT WAS PROVIDED IN THE NINETIES. MY TIME WAS UP AND I WAS GIVE
SHE JUST WIPED THE WHOLE THING I DID I TRIED TO THANK YOU CONSTANTLY. NEXT UP IS COUNTRY WHERE OUR LEADERS LEAD SPONSOR IS HERE.
THANK YOU CHAIR AND ONE OF MY QUESTIONS IS AROUND THE BOX OF HOME CENTER WORK AROUND FORECLOSURE IS IS CAN GIVE
ME THAT CAN BREAK DOWN IS THAT MOSTLY RESIDENTS THAT ARE LIKE OWN THEIR HOME NOT THROUGH THE AFFORDABLE HOUSING OR LIKE HOW DOES THAT BREAK DOWN ON WHO ARE HELPING IS THAT MOSTLY
AFFORDABLE HOMEOWNERSHIP PEOPLE OR NO OKAY IT'S WE HELP ANY RESIDENT IN THE CITY OF BOSTON THAT IS FACING CHALLENGES SO FAR. I CAN TELL YOU THAT SINCE 2022
WE HAVE HELPED AROUND 516 HOMEOWNERS TO BE ABLE TO STATE AND SAVE THEIR HOME AND WE WORK DIRECTLY WITH LENDERS RIGHT IN THE MAJORITY OF OCCASIONS ARE NOT AFFORDABLE HOMEOWNERS.
THERE IS A MIX A MIX BETWEEN AFFORDABLE HOMEOWNERS AND MARKET RATE. I WILL SAY IF I CAN JUST ADD IT'S VERY RARE THAT I MEAN IT'S REALLY RARE. I MEAN I THINK I CAN COUNT IN LAST TWO OR A COUPLE OF YEARS
LIKE TWO CASES OR SOMETHING WHERE SOMEONE'S IN A DEED RESTRICTED UNIT. KAREN AND HER TEAM REQUIRE LIKE 30 YEAR FIXED REALLY GOOD MORTGAGE PRODUCTS AND THEY'RE THE BUT THEY'RE BUYING AS
AFFORDABLE AND WE'RE TRACKING THEM REALLY CLOSELY BECAUSE THEY HAVE TO NOTIFY US IF A BANK WANTS TO FORECLOSE SO WE'RE ALL OVER IT. SO IT'S REALLY RARE THAT SOMEONE LOSES THEIR AFFORDABLE HOME. THAT'S GOOD TO HEAR AND I LOVE
TO SEE THE PROGRESS AROUND THE THE HOUSING PROGRAM. CAN YOU TALK TO ME ABOUT LIKE 84 HOMEBUYERS LIKE WHAT WAS IT YEARS BEFORE I CAN TALK TO ME LIKE YEAR OVER YEAR THE
GROWTH SO I DON'T HAVE THE EXACT DATA AND I CAN GET IT TO YOU BUT THEY GROW I WILL SAY 200% OF THE HISTORY OF WHAT I HEARD FROM YOU KNOW, IT WAS
PROBABLY 20 HOMEOWNERS IF I'M NOT MISTAKEN FROM YEARS YEARS UNTIL NOW IN LESS THAN THREE YEARS TWO YEARS THEY DID 84 AND I KNOW THAT THEY'RE PROJECTING
TO DO MORE. SO IT HAS BEEN REALLY A PART OF WILL CHANGE AND HOMEOWNERSHIP FOR BE AWESOME AND I JUST WANT TO THANK THE VHA YOUR TEAM AND ALSO MY
COUNCIL COLLEAGUES THROUGH ARPA DOLLARS WE WERE ABLE TO INVEST IN THAT POSITION SO SHOUT OUT TO THAT WHOLE TEAM AND I JUST WANT TO ADD THAT FOR THE VA IT'S LIKE ONE OF THOSE I THINK IS THE ONLY PROGRAM IN THE
COUNTRY RIGHT NOW THAT IS REALLY FOCUSED ON VHA AND THE VOUCHER HOLDERS THAT IS MAKING A DIFFERENCE. YES, SHOUT OUT TO THEM. GREAT, GREAT. I BELIEVE IT'S A GREAT PROGRAM
WHEN COMES TO GET TO A LOT LESS BOSTON FIRES AS SOON AS AS SOON AS A ONE PLUS BOSTON OR ONE OUTSIDE OF BOSTON PERSON MISSES
A PAYMENT WHEN THEY GO BEYOND THEIR 30 DAYS WE AFFIRMATIVELY REACH OUT TO THEM. WE GET THEIR NAMES AND CONTACT INFORMATION AND JUST CALL WITH A FRIENDLY NEIGHBORHOOD PERSON SAYING HEY, IS THERE SOMETHING
WE CAN DO? AND IF THEY ARE IN TROUBLE WE WILL HELP THEM RENEGOTIATE WITH THEIR LENDER OR DO WHATEVER IT IS YOU KNOW, HELP THEM ACCESS RESOURCES THAT THEY MAY NOT KNOW ABOUT SO WE DON'T WAIT FOR
A FORECLOSURE. THEY MISSED 30 DAY PAYMENT. THEY GOT US AS GET TO IT. I WOULD BE SO PROACTIVE AND ON TOP OF IT. THAT'S AWESOME. THE OTHER QUESTION I HAVE IS WHEN IT COMES TO AFFORDABLE
HOMEOWNERSHIP AND AFFORDABLE RENTAL UNDER DIFFERENT RESTRICTIONS LIKE CAN YOU EARN MORE MONEY ON AN AFFORDABLE RENTAL AND THEN AN AFFORDABLE
HOMEOWNERSHIP LIKE ARE YOU CAPPED AT HOW MUCH MONEY YOU EARN WHILE YOU'RE IN THE SPACE? ANY ANY RESTRICTIONS LIKE THAT? SO IF I UNDERSTAND YOUR QUESTION SO IF I'M A TENANT IN
A IN A BUILDING RIGHT. AND IF THE VAST MAJORITY OF THEM ARE AFFORDABLE IN PERPETUITY AND I YOU'RE RIGHT I CAN I CAN INCREASE MY EARNINGS UP INTO A CERTAIN PERCENTAGE
OVER WHAT THE ORIGINAL NUMBER WAS AND THEN I'M GOING TO HAVE THAT I'M GOING TO BE GIVEN SOME TIME TO LEAVE WITH HOME OWNERSHIP THE CURRENT AFFORDABILITY TERM IS 30 YEARS
AND YOU CAN MAKE YOU CAN BECOME A MILLIONAIRE AND STAY IN YOUR UNIT. SO YOU ARE YOU ARE NEVER ASKED TO LEAVE YOUR HOME ONCE YOU BUY IT. OKAY. BUT ARE THERE ANY OTHER RESTRICTIONS THAT A DIFFERENCE BETWEEN THE TWO AFFORDABLE HOMEOWNERSHIP VERSUS AFFORDABLE
RENTALS OR THE RESALE THE RESALE RIGHT SO RIGHT I MEAN AND YOU KNOW, IF THERE IS A VACANCY AND A RENTAL DEVELOPMENT, THE MANAGEMENT COMPANY AND THE OWNER IS GOING TO TAKE CARE OF THAT IF
SOMEBODY WANTS TO LEAVE THEIR AFFORDABLE HOME, THE ONE THAT THEY OWN, THEY'RE GOING TO BE CONTACTING US AND THEY'RE GOING TO BE WORKING WITH US ON A MAXIMUM RESALE PRICE AND YOU KNOW, FINDING A BUYER GOT IT.
CPA FUNDING YOU KNOW, I HEAR FROM DEVELOPERS ALL THE TIME THAT IS HARDER TO BUILD HOMEOWNERSHIP DEVELOPMENT. DO WE GIVE FUNDING KNOWING
THAT, YOU KNOW, DEVELOPERS FEEL LIKE IT'S HARDER TO DO HOMEOWNERSHIP PROJECTS? DO WE GIVE MORE FUNDING TO SUBSIDIZE THAT COST WHEN IT'S AFFORDABLE HOMEOWNERSHIP VERSUS AFFORDABLE THERE'S LESS
RESOURCES FOR AFFORDABLE HOMEOWNERSHIP. YOU KNOW, IF IT'S AFFORDABLE RENTAL PROJECT WE'RE TAPPING INTO TAXES AND BONDS AND LOW INCOME HOUSING TAX CREDITS AND OTHER RESOURCES AT THE STATE AND THE FEDERAL GOVERNMENT
SOMETIMES. BUT WITH HOMEOWNERSHIP REALLY IT'S US AND THE STATE AND NOW THE STATE THE COMMONWEALTH BUILDING PROGRAM IS OVERSUBSCRIBED SO IT'S US.
SO IT JUST BECOMES HARDER FOR THE CITY TO CONTINUE WITH THE SAME VOLUME AS WE HAVE BEEN. RIGHT. WE'VE GOT TO THINK THAT THROUGH. YEAH. YEAH WE'D LOVE TO THINK THAT THROUGH AND TRY TO MAKE SURE THAT WE'RE STILL INVESTING AND
GETTING MORE HOMEOWNERSHIP INVENTORY OUT THERE. MY LAST QUESTION IS AROUND THE NUMBER OF I BELIEVE HILLARY SAID IS IT 3000 AFFORDABLE
HOMEOWNERSHIP UNITS HERE IN THE CITY OF BOSTON? IT I THINK IT IS 3000 AND THAT'S THAT'S INCLUDING THE NUMBERS TWO, FIVE, 26 AND 3068 OR THAT'S IN ADDITION I THINK
IT'S IN ADDITION TO IT'S IN ADDITION TO CHRIS IS NOT I'M NOT WE'RE GOING TO GET YOU AN EXACT NUMBER AND MAKE SURE THAT THE 3000 NUMBER IS UPDATED WITH THE CURRENT COMPLETIONS ALL RIGHT.
THANK YOU, COUNCILOR LOUIJEUNE YOUR NEXT FLOOR. THANK YOU, COUNCILOR BRAYTON AND THANK YOU AGAIN TO THE ADMINISTRATION FOR BEING HERE.
CHIEF DILLON, YOU TALKED ABOUT THE HOUSING COOPERATIVES IN THE NINETIES THAT DECIDED TO STILL REMAIN COOPERATIVES AND I WAS HOPING THAT YOU WOULD SAY THE
NAMES BUT IS THE UNION WANT TO MEET THE UNION IN THE SOUTH AND IS THAT ONE OH YEAH THAT'S THAT'S A COOPERATIVE THAT WASN'T THE THE BHP FIVES THEY CALLED THEM THERE WERE THESE FIVE YEAH THERE'S A LOT OF RESIDENT OWNED DEVELOPMENTS
IN THE CITY SOME OF THEM ARE COOPERATIVES, SOME OF THEM ARE RESIDENT OWNED AND CONTROLLED SO THE THE LIMITED EQUITY HOME OWNERSHIP BUT THERE'S ALSO LIKE A SOME OF THOSE AS WELL I KNOW
THEY HAVE THEM IN IN CAMBRIDGE LIMITED EQUITY HOME OWNERSHIP MODELS YEAH I MEAN WE DO A LOT OF LIMITED EQUITY AND SOMETIMES PEOPLE LIKE THAT AND SOME PEOPLE DON'T LIKE THAT BUT OF THE WE CAN GET YOU OVER A
LIST I THINK OF RESIDENT CONTROL DEVELOPMENTS IN THE CITY GRANT MANOR IS ONE RIGHT MANDELA WAS AND THEN IT WAS IN BUT SO THERE WAS THESE OLDER
VERY FEDERALLY FUNDED DEVELOPMENTS AND THEN THE CITY ATTEMPTED TO RECREATE CO-OPS OR REALLY HAVE A NEW CO-OP INITIATIVE. IT IS INTERESTING THAT BOSTON
JUST THAT THERE'S THERE'S NOT LIKE NEW YORK CITY, YOU KNOW, BUILDING ON EVERY BLOCK IS A CO-OP AND THAT HASN'T BEEN THE STRUCTURE THAT PEOPLE HAVE PREFERRED HERE BOTH HOME BUYERS AND NONPROFITS AND FOR PROFITS
DEVELOPING AFFORDABLE HOUSING. SO YOU KNOW, I THINK WE'RE ALWAYS VERY, VERY INTERESTED IN IN DOING MORE COOPERATIVES. IT'S A WE THINK IT'S A GREAT OWNERSHIP STRUCTURE. IT JUST HASN'T IT DOESN'T RESONATE HERE AS MUCH AS IT
DOES OTHER PLACES. WHAT ARE SOME OF THE CHALLENGES WITH THAT WITH IT'S WITH THE STRUCTURE IT'S WE HAVE FOUND THAT IT'S HARD FOR AND THIS
ISN'T CRITICISM THIS IS JUST FACT IT'S HARD FOR LOW AND MODERATE INCOME HOUSEHOLDS TO RAISE RENTS ON THE HOUSING COSTS ON THEMSELVES. RIGHT. THEY'RE JUGGLING A LOT OF THINGS CHILDCARE, MEDICINE,
FOOD AND SO IT'S HARD FOR THEM TO KEEP PACE WITH THE EXPENSES ASSOCIATED WITH RUNNING THE CO-OP OR YOU KNOW, THE BUILDING AND THEN THERE COULD BE TEN,
15, 20 YEARS OF DEFERRED MAINTENANCE AND THEN ALL OF A SUDDEN THERE'S A CRISIS. WE SEE THAT WITH SOME FREQUENCY SOMETIMES IT'S THERE WASN'T THE RIGHT AMOUNT OF TECHNICAL
ASSISTANCE TO SET UP THE CO-OP BOARD AND THEN THAT BECOMES A CRISIS BECAUSE THE MEMBERS OF THE BOARD SEE GOVERNANCE DIFFERENT AND SO WE'RE SOMETIMES MEDIATING OR TRYING
TO FIND RESOLUTION. SO I THINK IT'S GOVERNANCE AND IT'S ACTUALLY RESOURCES TO TO TO CONTINUE TO FUNCTION AND REALLY RUN A A GOOD HOUSING DEVELOPMENT. THANK YOU. MY NEXT QUESTION IS ABOUT
AFFORDABLE HOMES LIKE IT'S ABOUT HOMEOWNERSHIP OPPORTUNITIES RIGHT NOW IN PHASE THREE OF THE WELCOME HOME BOSTON PROGRAM AND CHIEF DILLON
AND I KNOW I'VE HAD MANY CONVERSATIONS WITH WITH HILLARY ABOUT THIS THE EFFORT TO MAKE IN WHAT I UNDERSTAND IS PHASE THREE THE EFFORT TO MAKE MARKET HOUSING AFFORDABLE.
CAN YOU TALK A LITTLE BIT ABOUT THAT MODEL AND ABOUT WHETHER YOU'RE SEEING SUCCESS AND HOW WE'RE GETTING THERE? RIGHT. AND THE INTENTION IS SO THAT RESIDENTS DON'T HAVE TO BY DEED
RESTRICTED PROPERTIES BUT AREN'T NECESSARILY BUYING HOMES AT THE MARKET PRICES. THE MEDIAN PRICE THAT WHEN DIRECTOR BRABAZON WAS SHOWN AS OF 789,000 RIGHT WHICH IS I
THINK THERE WAS DATA THAT LAST WHEN THINGS COME DOWN SLIGHTLY WHAT WAS ACTUALLY AT A MILLION AND IT'S COME DOWN A LITTLE BIT MAYBE IT'S SLIGHTLY DIFFERENT FIGURES BUT AS TO WHY THAT WORK
IS IMPORTANT THAT'S WHY I WANT TO HIGHLIGHT THAT SO YOU'RE NOT THESE ARE NOT RESTRICTED RIGHT BUT THESE ARE NOT THE LIKE INTO IN PLACES THAT ARE ON THE MARKET AND HOW ARE WE TRYING TO HIT THAT SWEET SPOT.
SO WELCOME HOME THREE BECAUSE OF US NOT HAVING AS YOU KNOW AS POST ARPA WE DON'T HAVE AS MUCH RESOURCES IN THE CITY THIS STATE WE HAVE A VERY LONG PIPELINE OF PROJECTS WE THOUGHT WE DON'T TO STOP THE WORK ON
HOMEOWNERSHIP ALTHOUGH WE CAN'T CONTINUE TO FUND IT AT THE SAME RATES THAT WE WERE WE WERE FUNDING PROJECTS SO AS A AS A TRIAL BALLOON, AS A TEST WE PUT
OUT TEN PARCELS OF LAND NOT THAT LARGE AND WE THE THE RFP SAID HERE'S LAND AT A DISCOUNTED VALUE BUT WE WANT
DEVELOPERS TO COME IN WITH A BETTER PRICE POINT THAT'S BELOW THE MARKET SO WE CAN SELL UNITS TO MIDDLE HIGH MIDDLE INCOME
FAMILIES. THE RFP IS DUE NEXT WEEK SO IT WOULD BE INTERESTING TO SEE. WE ALSO WANT THEM TO LOOK AT DIFFERENT CONSTRUCTION METHODOLOGIES. YOU KNOW, COULD WE DO SOME QUICK USE MODULAR OR OFFSITE
TECHNOLOGIES TO TO BRING DOWN COSTS? SO WE'RE REALLY ASKING THE DEVELOPERS PROBABLY SMALLER DEVELOPERS GIVEN THE DEVELOPMENT IS SMALL TO TO DO THEIR BEST THINKING AND HELP US
THINK THROUGH HOW WE CAN GET OUR RESIDENTS INTO UNITS, BUY UNITS WITHOUT PUTTING IN LARGE AMOUNTS OF SUBSIDY SO WE'D BE
GLAD TO SHARE WHEN THOSE RFP COME IN AND SHARE WITH YOUR STAFF OR YOURSELF JUST YOU KNOW WHAT WE RECEIVE BECAUSE I THINK WE'RE TRYING TO LEARN FROM THIS. THANK YOU. AND THEN A FOLLOW UP QUESTION FROM THAT IS HOW DO WE ENSURE
THAT THE PEOPLE WHO ARE ACTUALLY THEN PUTTING BIDS ON THE HOMES ARE THAT TARGET POPULATION IN A WAY THAT COMPLIES WITH THE LAW? YEAH, TO MAKE SURE THAT PEOPLE WHO AREN'T THE ONES YOU KNOW,
COMPETING ON WHAT IS AN OPEN MARKET FOR THOSE PROPERTIES AREN'T PEOPLE WHO WHO COULD AFFORD THE MEDIAN PRICE WE'RE GOING TO INCOME CERTIFY AND DO A LOTTERY YES WE ARE GOING TO INCOME CERTIFY AND DO A LOTTERY
BUT THERE WON'T BE LONG TERM DEED RESTRICTIONS ON THE PROPERTY BUT THERE BE SOME FORM OF A RESTRICTION ON THE PROPERTY. I THINK WE'RE THINKING SHORT TERM BECAUSE THESE ARE GOING TO BE CLOSE THE PRICES ARE GOING TO BE CLOSER TO MARKET.
THAT MAKES THANK YOU FOR EXPLAINING THAT BECAUSE I WAS I'VE BEEN SORT OF LIKE WITH IN MY HEAD TRYING TO FIGURE OUT HOW DO YOU MAKE THIS MODEL WORK AND I THINK THAT THAT'S PROBABLY THE ONLY WAY THAT YOU CAN DO IT.
BUT THEN THERE'S A TRADE OFF UP AND THEN YOU THEN HAVE TO PUT SOME SORT OF SOMETHING ON IT. IT'S I'VE GOT TO SAY I MEAN WE'RE WE'RE STRUGGLING WE'RE STRUGGLING WITH HOW DO WE INCENTIVIZE THE MARKET TO DO
OTHER THAN LIKE HIGHER END LUXURY AND IT'S IMPERFECT OUR THOUGHT PROCESSES IMPERFECT AND SO WE'D LOVE IDEAS WHERE WE'VE HAD WORKSHOPS WE'VE TALKED TO DELAVAL BUYERS.
WE'VE WE'VE LOOKED AT WE'VE LOOKED AT THE ISSUE A LOT BUT WE'RE STILL OPEN WE'RE STILL OPEN FOR NEW IDEAS BECAUSE I'VE I'VE BEEN FRUSTRATED STRUGGLING WITH LIKE IN OTHER MARKETS YOU
SAY YOU KNOW THE MARKET HEY WE HAVE A NEED AND THEN THE MARKET AND WITH REAL ESTATE WE HAVE A NEED AND THE MARKET DOESN'T NECESSARILY RESPOND TO THAT NEED. SO IT'S JUST BEEN WE'VE BEEN
TRYING TO LIKE I DON'T KNOW FORCE FORCED THAT. THANK YOU. I KNOW MY TIME IS UP. I KNOW THAT HILARY HAS SOME IDEAS ON THIS TOO BUT WE CAN SAY THAT FOR THE NEXT ROUND THEY WANTED TO DO TO RESPOND TO
THAT I'LL GIVE YOU A FEW MINUTES A MINUTE AND I WOULD JUST SAY IT SERVES A DIFFERENT MARKET FOR MOST OF THE PEOPLE ABOUT 86% OF THE PEOPLE THAT
COME OUT OF MY HOUSE CLASSES MAKE BELOW 80% AMI AND SO WE ARE AT A SORT OF FAR LOWER FOUR ALARM FIRE ON MAKING SURE THAT
WE HAVE STATE SUBSIDY AND THAT THE CITY CAN CONTINUE TO WORK TO MAKE SOME AFFORDABLE HOMES AVAILABLE BECAUSE THAT'S WHERE
WE'RE SEEING THE MARKET IS REALLY THAT'S WHERE OUR PEOPLE NOT THAT THERE AREN'T PEOPLE WHO ARE GOING TO BUY THESE UNITS AND BE REALLY HAPPY TO GET THEM BUT IT'S NOT WHERE THE
BULK OF WHAT WE'RE SEEING IS THE NEED. SO THANK YOU. ON TO THE STATE. YEAH.
NEXT IS CONSTANCE FITZGERALD. YOU HAVE THE FLOOR. THANK YOU CHAIR AND THANK YOU PANEL FOR BEING HERE TODAY. MUCH APPRECIATED.
A COUPLE OF THINGS. SO ONE I NOTICE THAT YOU'RE NOT NOTICED BUT I KNOW THAT A LOT OF THIS INVESTMENT LATELY HAS BEEN THROUGH THE ARPA MONEY THE SUSTAINABILITY OF THAT NOW THAT WOULD THAT GOING AWAY IS AND I
THINK WE'VE ASKED THIS QUESTION BEFORE AND IN PAST PANELS AS WELL BUT I JUST WANT TO MAKE SURE OF HAVE WE PUT IT IN PLACE NOW THE SUSTAINABILITY TO CONTINUE THAT OR ARE THINGS GOING TO GO AWAY WITH ARPA
MONEY NOT HAPPENING AND THOSE INVESTMENTS I DON'T KNOW DO I? IT'S IT'S A CHALLENGE I'M CHANCELLOR RIGHT NOW THE ARPA FUNDING HAS BEEN A REAL GODSEND
AND WE PUT TENS OF MILLIONS OF DOLLARS INTO HOME OWNERSHIP AS WELL AS LP AND EVERYTHING ELSE THAT THAT YOU'RE ALL YOU'VE ALL BEEN VERY SUPPORTIVE OF. YOU KNOW WE'VE CPA HAS BECOME AN IMPORTANT SOURCE FOR US FOR
HOMEOWNERSHIP, FOR HOMEOWNERSHIP PROJECTS, INCLUSIONARY DEVELOPMENT PROGRAM REVENUE IS ANOTHER SOURCE THAT WE FREQUENTLY USED FOR HOMEOWNERSHIP BUT YEAH THAT THAT THE SOURCES ARE DWINDLING.
SO I WOULD SAY IT'S SOMETHING WE'RE WORKING ON. I THINK YOU KNOW WE'VE GONE FOR A PROPERTY TRANSFER FEE AT THE STATE THAT HAS NOT BEEN SUCCESSFUL. I THINK WE YOU KNOW, WE WANT IT
WE NEED TO LOOK FOR ADDITIONAL SOURCES FOR THIS. BUT MAKE SURE THAT WE HAVE A HEALTHY HEALTHY I THINK WE HAVE OVER 1000 UNITS IN THE PIPELINE IN ADDITION TO THE ALL THE UNITS THAT ARE IN CONSTRUCTION
RIGHT NOW AND THAT HAVE BEEN COMPLETED IN RECENT YEARS. THANKS FOR THAT. THE ONLY THING I WOULD ADD IS THAT KAREN AND HER TEAM HAVE DONE A CAREFUL ANALYSIS OF OUR DOWN PAYMENT PROGRAMS AND WE WE
HAVE HAD WE'VE NEEDED TO REDUCE THE THE THE SIZE OF OUR DOWN PAYMENT ASSISTANCE JUST SO WE CAN CONTINUE TO HELP 250 300 PEOPLE OR FAMILIES A YEAR.
SO THOSE THOSE THOSE NUMBERS HAVE COME DOWN. WE WILL MAKE EXCEPTIONS IF SOMEBODY REALLY IS LIKE ON THAT YOU KNOW ON THE EDGE AND THEY NEED ADDITIONAL DOWN PAYMENT TO BUY THE HOME, WE'RE GOING TO BE THERE FOR THEM.
BUT WE'RE WE THINK THAT WE CAN REDUCE DOWN PAYMENT ASSISTANCE. THEY WON'T HAVE AS MUCH EQUITY BUT WILL CONTINUE TO BE ABLE TO HELP AS YOU KNOW, AS MANY BUYERS AS WE HAVE BEEN. UNDERSTOOD. THANK YOU.
GOOD. SO THINKING OF THE HOMEOWNERSHIP CONSTRUCTION I'M SEEING THIS A LOT IN MY DISTRICT NOW WHERE FOLKS WILL COME IN AND THEY'LL SAY THIS IS WE'RE GOING TO BUILD X AMOUNT
OF UNITS EVEN TO THOSE SIX TOWNHOUSES AND IT'S ALWAYS AT THE AT THE COMMUNITY CIVIC MEETINGS AND EVERYTHING. IT'S BUT IT'S HOME OWNERSHIP. IT'S SUPPOSED TO MAKE EVERYBODY FEEL GREAT AND WE'RE GLAD IT'S HOME OWNERSHIP.
BUT I COULD BUY ONE OF THOSE HOMES. I DON'T HAVE TO LIVE IN IT. I COULD JUST BUY IT AND SAY IT'S HOME OWNERSHIP AND THEN I RENT OUT THAT THAT HOUSE RIGHT AND NOW A STREET OF HOME OWNERSHIP IS ACTUALLY A STREET
OF TRANSIENT RENTALS IS THERE IS SOMETHING IN PLACE I KNOW NOW I HAVE TO DEAL WITH EACH DEVELOPER DIFFERENT SMALL DEVELOPER AND SAY HOW DO I KNOW? AND THEY'LL SAY WE CAN PUT IT
IN IN THE COVENANT OR WE CAN DO RIGHT WE CAN ADDS UP, WE CAN MAKE SURE HOW MUCH TEETH TO THOSE HAVE ON THIS YOU KNOW THE SMALL LEVEL VERSUS ANYTHING THAT WE'RE DOING TO TRY AND MAKE SURE THAT HONE OWNERSHIP
DOES IT JUST MEAN SOMEBODY SCOOPS IN FROM OUT OF TOWN AND SAYS I'M GOING TO RENT THEM OUT ? FABULOUS. IT'S A IT'S THIS IT'S $1,000,000 QUESTION BUT IT'S WORTH MORE THAN THAT.
I THINK THE ONLY WE STRUGGLE WITH THIS A LOT BECAUSE WE'RE NOT GOING TO PUT RESTRICTIONS ON ON MARKET RATE YOU KNOW REAL ESTATE I THINK IF MY MY UNDERSTANDING IS THOUGH THE
DEVELOPER WILL BE THE FIRST PERSON TO SET UP A MASTER CONDO STRUCTURE LIKE A MASTER DEED STRUCTURE WITH BYLAWS AND THINGS LIKE IF THEY WOULD AGREE
TO SET IT UP SO THAT THEY'RE LIMITED NUMBER OF THE UNITS CAN BE RENTED SOME SOME CONDO ASSOCIATIONS HAVE THAT STRUCTURE AT LEAST THEN THEY'RE AGREEING IF THEY SAID 100%
THEY'RE AGREEING AT THE INITIAL SALES THAT THEY NEED TO BE SOLD NOT TO INVESTORS BUT TO OWNER OCCUPANTS AT LEAST IT GETS IT OFF TO THE RIGHT FOOT AND THEN MAYBE IF YOU'RE ALL HOMEOWNERS YOU'RE NOT GOING TO WANT
RENTERS. MAYBE YOU WILL KEEP THAT IN PLACE. I'M NOT A LAWYER. I'M AN EXPERT. BUT SOMETHING LIKE THAT IF THAT WAS COMING IN MY NEIGHBORHOOD I WOULD I WOULD ASK FOR THAT ASSURANCE AND SEE WHAT THEY
SAY. GOTCHA. I APPRECIATE THAT. THANK YOU. AND I KNOW THIS IS ABOUT PUBLIC EXPENDITURES AND FISCAL OVERSIGHT BUT I JUST SORT OF I GUESS SOME OF MY QUESTION IS JUST BY HOUSING IN GENERAL BECAUSE I HAVE YOU GUYS IN
FRONT OF ME AND THIS IS A GREAT CROWD ASK THESE QUESTIONS IN THAT THE TYPE OF UNITS BEING BUILT I'M SEEING A LOT IN MY DISTRICT OF YOU KNOW, WE'RE KNOCKING DOWN A12A TRIPLE
DECKER OR SOMETHING LIKE THAT AND WE'RE PUTTING IN 22 UNITS 16 UNITS RIGHT. TO ME THIS IS JUST MY OPINION THOSE ARE TYPICALLY THE UNITS
WHERE A FAMILY SAYS I'M GOING TO RAISE MY KIDS IN THIS HALLWAY WITH 12 OTHER DOORS OFF IT AND I DON'T KNOW WHO LIVES IN THIS HALLWAY RIGHT. AND SO I THINK PEOPLE JUST WANT THEIR LITTLE PIECE OF THE ROCK
,YOU KNOW, A BACKYARD OR A FRONT LAWN OR WHATEVER IT MAY BE. RIGHT. NO MATTER HOW SMALL. JUST SAYING THIS IS MY HOUSE. SO I'M SEEING MORE AND MORE OF THESE MULTI UNIT HOUSING EVEN IF IT IS HOME OWNERSHIP AND WE'RE BUILDING TOWNHOMES
AND THEY'RE ALL RIGHT NEXT TO EACH RIGHT AND IT'S BUT THEY'RE SORT OF CHANGING THE CHARACTER OF NEIGHBORHOODS AND I DON'T KNOW IF NECESSARILY IT IS A MORE COMMUNITY ORIENTED TYPE
CHARACTERIZATION. I WORRY ABOUT THAT. I DON'T KNOW IF IT'S A QUESTION I DON'T KNOW IF YOU GUYS HAVE ANYTHING GOOD OR BAD TO TELL ME BUT LIKE HOW CAN WE MAKE SURE THEY'RE MORE FAMILY ORIENTED TYPES OF UNITS BEING
BUILT FOR HOME OWNERSHIP SO FAMILIES SAY I DO WANT TO BUY THAT ALL THE THE PROJECTS THAT WE'RE CERTAINLY PUTTING ON CITY OWNED LAND OR THE PROJECTS THAT WERE FUNDING HAVE A LOT
OF FAMILY UNITS EVEN IF IT'S A CONDOMINIUM STRUCTURE OR A TOWNHOME WE'RE SEEING SMALLER FAMILIES OCCUPY. I DON'T KNOW IF PLANNING HAS ANYTHING TO ADD ABOUT THE
LARGER MARKET RATE DEVELOPMENT . GO AHEAD JEFF. WE'LL GET YOUR NEXT COUNSELOR. I THINK WE'RE HEARING THAT
SENTIMENT ACROSS THE BOARD. I WOULD SAY THAT THE DEMAND FOR HOUSING IN GENERAL IS JUST SO HIGH THAT I THINK THAT THERE ARE PEOPLE THAT ARE LIVING OUTSIDE THE CITY OF BOSTON
RIGHT NOW THAT ARE ARE GENUINELY TRYING TO GET IN. THERE ARE STUDENTS THAT ARE TRYING TO STAY AND THAT IS THE TYPE OF LIKE WE'RE WE'RE HEARING IT FROM DEVELOPERS THOSE ARE THEY ARE TRYING TO
PROVIDE THAT AND SOMETIMES THOSE UNITS, THOSE HALLWAY UNITS WHILE THEY DON'T FEEL LIKE YOU KNOW, SOMEONE'S GOING TO RAISE A FAMILY THERE, THAT
MIGHT BE SOMEBODY THAT'S TRYING TO SET UP LIFE HERE AND THEN EVENTUALLY MAYBE MOVE TO A DIFFERENT HOUSING STOCK. WE FRANKLY JUST DON'T HAVE ENOUGH HOUSING STOCK FOR LIKE ANY LEVEL OF OUR DEMAND RIGHT
NOW IS THAT'S WHAT WE'RE THAT'S WHAT WE'RE SEEING. SO I THINK BUT WE I MEAN WE UNDERSTAND THAT SENTIMENT. I THINK WHEN WE'RE GOING INTO FREE ZONE AND THINGS LIKE THAT WE'RE THINKING ABOUT THOSE TYPES OF YOU KNOW, WE'RE
THINKING PRETTY HARD ABOUT INCENTIVIZING TOWNHOMES THROUGH REZONING TO TO MAYBE DIRECT YOU KNOW, SET ASIDE SPOTS WHERE
MAYBE FUNDING CAN BE TARGETED INTO THESE PLACES CLEAR HURDLES SO DEVELOPERS ARE MORE INCENTIVIZED TO PROVIDE HOMEOWNERSHIP AND IN AT A AT A
NEIGHBORHOOD SCALE THAT FEELS MORE FAMILIAL. SO YEAH, I MEAN IT'S DEFINITELY A CHALLENGE. I THINK THE ONLY POINT WITH THAT IS THAT AND I AM I'M GOING TO I THANK YOU BUT THE WHEN I
LOOK AT THE VACANCY RATE OF 1.1% AND JUST THINK TO MYSELF OKAY, THERE ARE THESE UNITS COMING ON RIGHT SUPPLY AND DEMAND AND HERE WE ARE BUT ARE THEY THE TYPE OF UNITS THAT ARE ACTUALLY GOING TO BRING DOWN THE COST FOR HOMEOWNERSHIP
OR ARE THEY ARE WE JUST BUILDING, YOU KNOW, THESE 22 UNIT SORT OF TRANSIENT THINGS AND IT COUNTS AS UNITS GOING ONLINE BUT IT REALLY DOESN'T HIT THE MARK THAT THE FOLKS THAT WE'RE TRYING TO MAKE SURE
THAT HOUSING IS AFFORDABLE FOR. THAT'S SO I GUESS THAT WAS THE QUESTION. THANK YOU SO MUCH FOR THE TIME AND THANK YOU AGAIN. THANK YOU. COUNCILOR WEBER, YOU'RE NEXT. YOU'VE GOT 6 MINUTES. OKAY?
SURE. YEAH. I DON'T KNOW THE DISCUSSION ABOUT RESTRICTIONS ON SALES FOR THE PTSD FROM PROPERTY CLASS AND LAW SCHOOL.
I THINK THERE'S LIKE A RULE AGAINST PERPETUITY IS THAT MAY MAKE SOME OF THAT DIFFICULT IN TERMS OF LIKE KEEPING RESTRICTIONS FOR TOO LONG.
BUT I AM JUST TO WILD GUESS THE ACTUAL LAWYERS LOOK AT THAT SO I GUESS ONE THING I THINK COUNCILOR FITZGERALD'S ALLUDING
TO WITH THAT LAST COMMENT WE'RE TALKING ABOUT AFFORDABLE HOUSING AND MAKING HOUSING AFFORDABLE FOR PEOPLE WHO ARE HERE IT IS IS HOW DO THOSE
INTERACT LIKE THIS HELPING PEOPLE OWN HOMES? I ASSUME WE WERE TRYING TO HELP THEM. YOU KNOW, WE WANT THOSE HOMES TO APPRECIATE AND VALUE OVER TIME.
HOW DO YOU FACTOR IN THE IMPACT THAT IT HAS ON HOUSING COSTS. YOU KNOW, IF IT'S I ASSUME IT'S GOING TO RAISE IS WE WANT OUR HOMES TO GET MORE ABOUT BECOME
MORE VALUABLE FOR THE HOMEOWNER JUST TO DO THESE KINDS OF PROGRAMS. DO YOU RUN THE RISK THAT YOU'RE YOU KNOW, INCREASING THE VALUE OF HOUSING FOR EVERYONE ELSE? BUT HOW DO YOU THINK ABOUT THAT, CHIEF?
I MEAN WE WE ALLOW WE CERTAINLY ARE TRYING TO ASSIST PEOPLE TO BUY IN THE MARKET IF THAT'S WHAT THEY WANT TO DO AND KAREN'S SHOP IS DOING THAT AND A LOT OF THE BUYERS ARE BUYING IN THE MARKET BECAUSE THEY'RE SUBSIDY IS SO VALUABLE SO THAT
THOSE UNITS ARE GOING TO APPRECIATE AND I MEAN THEY'RE THAT'S WHAT'S GOING TO HAPPEN IF IF THE CITY IS PUTTING IN AND THIS MAY OR MAY NOT BE ANSWERING YOUR QUESTION BUT IF
THE CITY IS PUTTING IN A SIGNIFICANT AMOUNT OF MONEY, BOTH CITIES AND STATE MONEY TO ACTUALLY CONSTRUCT A UNIT AND SELL AT A DISCOUNTED PRICE, THEN THE APPRECIATE WE'RE
LIMITING THE APPRECIATION ONE CAN REALIZE CURRENTLY AFTER LOTS OF DEBATE, LOTS OF CONVERSATIONS THE APPRECIATION RATE IS 5% WHICH VERY MUCH IF YOU LOOK OVER TIME
MIRRORS THE MARKET. IT'S JUST IT BEGINS AT A MUCH LOWER A LOWER PRICE POINT HE HAD NO YEAH IT WASN'T OKAY I MEAN I FEEL LIKE THERE'S THERE'S DEED RESTRICTED HOUSING
AND I THINK I THINK THAT'S SLIGHTLY SEPARATE BUT IF WE'RE HELPING PEOPLE BUY AT THE MARKET RATE WITH AIDES LIKE YOU KNOW WHAT KIND OF IMPACT THAT'S GOING TO HAVE ON THE OVERALL
YEAH HOUSING MARKET IS GOING TO MAKE IT HARDER FOR PEOPLE WHO ARE COMING ALONG SEE I SEE HOME OWNERSHIP. I THINK YOU KNOW, I DON'T THINK US HELPING HUNDREDS OF BUYERS
PER YEAR IS PUTTING LIKE AN UNDUE PRESSURE ON THE MARKET AND DRIVING THINGS UP. I DON'T THINK IT HAS I DON'T THINK IT HAS THAT LARGE OF AN ECONOMIC INFLUENCE YEAH THAT'S THAT'S FINE.
SO I GUESS IN TERMS OF THESE PROGRAMS I DO WE HAVE LIKE A DOLLAR FIGURE ON HOW MUCH WE HAVE AVAILABLE TO KIND OF GIVE OUT TO PEOPLE YOU KNOW THAT YOU
KNOW BECAUSE KNOW SOME ARE LOANS AND WE'RE TRYING TO GET THEM LOANS BUT DO YOU HAVE LIKE A SENSE OF WHAT THE DOLLAR FIGURE IS MAYBE EVEN SAID IT DOWN PAYMENT YEAH YOU KNOW SO FOR FOR DOWN PAYMENT ON
FINANCIAL ASSISTANCE I THINK WHAT'S IN THE CITY BUDGET IS ABOUT 4 MILLION A YEAR RIGHT AND THE ANNUAL BUDGET IS 4 MILLION AND WE ADD TO THAT IF WE GET CPA FUNDING WE CAN PAY
FUNDING TO THAT CDBG RIGHT HUD, HUD, CW FUNDING TO THAT AS WELL. SO I MEAN IT VARIES FROM ONE YEAR TO THE NEXT AND THEN OF COURSE OVER THE PAST THREE YEARS WE'VE HAD ARPA WHICH
WE'VE DONE WAS 1550 MILLION CBT GEEZ BETWEEN ABOUT 6,000,006 MILLION AND THEN HOW MUCH OF THAT ARE WE ABLE TO GIVE OUT? IS THERE ANY YOU KNOW, WHAT
PERCENTAGE ARE WE ABLE TO ACTUALLY ALLOCATE IN TIME? THAT'S ALL THAT'S ALL THAT IN 50%. OH THERE WAS THERE WAS A TIME
WHERE WE YOU KNOW WE STRUGGLED TO TO SPEND OUR BUDGET NOT NOT NOT LATELY BUT THAT'S THE PAST FEW YEARS SO SO THE GOAL JUST TO GIVE YOU AN IDEA THE GOAL IS ALWAYS TO SERVE 250 BUYERS.
RIGHT. SO LAST YEAR WE DID HELP WITH THE ARP OF 376 AND LOOKING AT THE PIPELINE THAT WE HAVE RIGHT NOW, IT SEEMS LIKE WE'RE GOING
TO BE AT THE SAME NUMBER WHICH IS CONCERNING RIGHT BECAUSE WE DON'T HAVE OUR PIE ANYMORE AND THIS IS WHERE NOW WE HAVE TO FIGURE IT OUT. YEAH. SO NOW THIS IS WHERE I ALWAYS TALK TO RICK ABOUT THAT. BUT YOU KNOW THOSE ARE THINGS
THAT THAT WE'RE LOOKING IN A DAY TO DAY IN THE STRUCTURE OF OUR DUMPING. OKAY. AND THEN MAYBE I'M JUST IN IS
IT IS IS IT ALL FOR NEW CONSTRUCTION AND THEN I GUESS MIKE SO MY FOLLOW UP QUESTION TO THAT IS IF THE SUPPLY IF WE HAVE A HOUSING CRISIS AND WE'RE NOT BUILDING ENOUGH HOUSING,
YOU KNOW, IS THAT A PROBLEM THE SUPPLY OF HOUSING SO WE CAN GET THAT THAT MONEY AND MAYBE THERE'S JUST WE'RE TALKING ABOUT SUCH SMALL NUMBERS THAT IT'S NOT AN ISSUE BUT IS THERE ANY ISSUE WITH HELPING PEOPLE WITH THESE FUNDS BY HOUSING
BECAUSE WE DON'T HAVE ENOUGH HOUSING TO BUY? I THINK IT'S TAKE I MEAN IT'S HARD FOR A MODERATE INCOME FAMILY TO FIND A UNIT. I MEAN THAT'S THAT'S ABSOLUTELY
TRUE ALTHOUGH THEY'RE BUYING HOUSING THEY EXIST IN THE MARKET THE BUYING OLDER HOMES ARE BUYING OLDER CONDOMINIUMS. THEY'RE BUYING CONDOMINIUMS IN TRIPLE DECKERS AND THEY'RE BUYING THE HOUSING STOCK THAT WE'RE CREATING.
SO THEY REALLY ARE I THINK I DON'T KNOW IF I'VE EVER SEEN A ACTUALLY A SUMMARY OF THAT LEVEL. I'M SURE YOU HAVE IT BUT WE COULD LOOK AT THAT AND GIVE IT TO YOU BACK.
OKAY. MY LAST QUICK QUESTION IF I IS JUST WHERE YOU KNOW THE LAST FEW YEARS WHERE THE HOUSING IS IS BEING PURCHASED TO IT, HAVE YOU PRESENTED YEAH, YEAH I DO I
DO HAVE THAT IN I CAN SEND IT TO YOU BUT FOR EXAMPLE MATTAPAN 127 FROM NOW WE'RE 1059 RECIPIENTS OF FINANCIAL
ASSISTANCE DORCHESTER 188 WHEN YOU WHEN YOU SAY MATTAPAN I'M JUST I APOLOGIZE. CHAIR JUST TO CLARIFY ARE YOU TALKING ABOUT SO THESE ARE
RESIDENTS OF MATTAPAN BUYING IN MATTAPAN OR ARE THE UNITS IN MATTAPAN ARE JUST THOSE ARE UNIT BECAUSE THAT'S WHERE THEY'RE BECAUSE YOU'RE NOT YOU CAN YOU CAN LIVE MAYBE PEOPLE
JUST WANT TO YOU KNOW STAY EXACTLY WHERE THEY ARE WHICH IS GREAT BUT WE CAN DEFINITELY GO BACK AND GET THAT DATA WHERE THEY RESIDENTS AND WHERE THEY'RE OKAY. THANK YOU VERY MUCH. THANK YOU, CHAIR.
THANK YOU. WE'VE BEEN JOINED BY COUNCILOR DURKAN, COUNCILOR DURKAN AND I WOULD YOU BE READY FOR SOME QUESTIONS FOR THE PANEL? OKAY. YOU'VE GOT 6 MINUTES. THANK YOU. SO ONE OF MY POINTS OF ADVOCACY
HAS BEEN THAT IF WE'RE USING EITHER PUBLICLY OWNED LAND OR ESSENTIALLY SUBSIDIZING KDKA'S OR OTHER NONPROFIT DEVELOPERS
THAT WE ACTUALLY GET THE BEST DEAL IN TERMS OF DENSITY BECAUSE SOMETIMES YOU KNOW, WE'VE WE'VE ALL BEEN TO A RIBBON CUTTING FOR SOMETHING
THAT'S LIKE A TWO FAMILY AND YOU'RE LOOKING NEXT DOOR AND SOMEONE'S PROPOSING A SIX STOREY BUILDING. SO I WAS JUST CURIOUS I JUST WANTED TO GET YOUR THOUGHTS ON AND I KNOW SHEILA WE'VE GONE
BACK AND FORTH ABOUT ALL THESE THINGS OR CHIEF I'M SORRY BUT WE'VE GONE BACK AND FORTH ABOUT THESE THINGS BECAUSE IT ALL IS ABOUT CONTEXT. BUT I'M JUST CURIOUS SORT OF HOW THE CITY FEELS ABOUT
SORT OF MAXIMIZING OUR, YOU KNOW, AMOUNT OF, YOU KNOW, MONEY SPENT. I KNOW THERE'S A LOT OF DIFFERENT NUANCE TO THE WAY THEY'RE ALL APPROACHING THIS CONVERSATION, BUT THAT'S JUST
BEEN ONE OF MY POINTS OF ADVOCACY AND OF PRIOR HEARINGS. SO I JUST WANTED TO FOLLOW UP ON THAT. YOU KNOW, IT'S IT'S IT'S A IT'S A HOT BUTTON ISSUE, RIGHT? SO YOU GO OUT AND YOU WE HEAR FROM, YOU KNOW, NEIGHBORHOODS
ABOUT THE EXISTING CONTEXT AND WORKING WITHIN THE EXISTING CONTEXT. AT THE SAME TIME WE KNOW THAT WE NEED TO BUILD MORE HOUSING PROBABLY AT A HIGHER DENSITY THAN WHAT WAS BUILT. YOU KNOW, GENERATIONS AGO.
SO YOU KNOW, FOR ME I'M ALWAYS TRYING TO FIND THE COMPROMISE. SO IF WE'RE BUILDING YOU KNOW, IF IT'S A TRIPLE DECKER SITE CAN WE DO FOR YOU IS CAN WE DO FIVE UNITS RIGHT. OR IF PEOPLE REALLY WANT SINGLE
FAMILIES, CAN WE WORK WITH THE COMMUNITY TO BUILD INSTEAD THREE, FOUR OR FIVE SIX TOWNHOMES? SO I THINK EVEN ON THE SMALLER LOTS WE'RE ALWAYS TRYING TO FIND LIKE SOMETHING THAT WORKS
FOR THE NEIGHBORHOOD BUT ALSO PUSHES THE NUMBER OF UNITS BEING CREATED. SO IF IF THERE IS A SITE THAT
REALLY IS SCREAMING OUT TO BE DENSE, WE'RE WE'RE VERY WILLING TO WORK WITH THE NEIGHBORHOOD AND INSIST THAT THAT DENSITY YOU KNOW THAT THAT WE SHOULD DO DENSE HOUSING AND WE SHOULD DO DENSE HOUSING I MEAN BOULEVARDS
IF IT MAKES SENSE WE SHOULD DO DENSE HOUSING HIGH DENSITY ON YOU KNOW, NEAR TRANSIT. SO THERE'S THERE'S PLACES THAT REALLY WE ARE GOING TO SUPPORT YOU KNOW, ALMOST READ THAT REGARDLESS.
WE'RE ALWAYS LISTENING TO COMMUNITY BUT WE'RE REALLY GOING TO BE ADVOCATES FOR VERY YOU KNOW, DENSE HOUSING BECAUSE FOR ME IT'S REALLY ABOUT HELPING THE MOST PEOPLE WITH OUR LIMITED PUBLIC RESOURCES.
SO I'M JUST CURIOUS I KNOW THERE ARE SORT OF SOME DIFFERENT LIKE SCHEMES AND DEALS THAT EXIST. SOME ARE THAT WE WILL LIKE GIVE AWAY PLOTS OF LAND FOR LIKE
LESS THAN WHAT THEY'RE WORTH. AND SOMETIMES I DON'T KNOW IF IT'S LIKE $10 OR $1,000 OR $100 WHATEVER IT IS. I THINK THAT'S KIND OF WHERE MY POINT OF ADVOCACY IS COMING FROM. I HAVE BEEN TO SOME RIBBON
CUTTINGS FOR LIKE TWO AND FOUR FAMILY TYPE DEALS ON WHAT I KNOW TO BE FORMERLY CITY OF BOSTON OR LAND AND I'M NOT I DON'T NEED TO GET INTO ANY SPECIFIC INCIDENTS INCIDENCES
BUT I JUST. DO YOU THINK IT'S IMPORTANT THAT WE ACTUALLY PRIORITIZE IF A PRIVATE DEVELOPER NEXT DOOR WOULD BUILD A SIX FAMILY OR SIX STOREY OR YOU KNOW, I DO THINK
IT'S REALLY IMPORTANT THAT WE'RE DOING THE MOST PUBLIC GOOD WITH OUR PUBLIC LAND. SO AND I KNOW THIS IS SUCH A BIG HEARING ORDER SO I WANT TO THANK COUNCILOR MARCIA FOR
CALLING FOR IT. I'M JUST CURIOUS I KNOW WE'VE THERE'S A LOT OF DIFFERENT WAYS THAT WE'VE HELPED PEOPLE OBTAIN HOUSING. I HAVE BEEN A BIG ADVOCATE OF THE VHA TO HOMEOWNERSHIP.
I JUST KIND OF WAS CURIOUS IF YOU HAD AN UPDATE ON WHETHER THAT PROGRAM COULD CONTINUE WITHOUT ARPA FUNDING. IT CAN AND IT IS I THINK KAREN
REPORTED THERE'S WE HAVE 85 BUYERS TODAY IN A PIPELINE OF OF NEW NEW HOMEOWNERS WE HAVE WE'RE ABLE TO PROVIDE MUCH DEEPER DOWN PAYMENTS NOW WE'RE NOT GOING TO BE ABLE TO DO THAT
BUT WE CAN CERTAINLY CONTINUE TO ASSIST YOU. YEAH, NO OUR GOAL IS WE MEETING VERY CLOSELY WITH VHA IN A MONTHLY BASIS AND JUST TO
REALLY CONTINUE TO MAKE SURE THAT THAT PROGRAM CONTINUES IN THERE IS VERY I WOULD SAY VERY GOOD AMBITION GOALS THAT WE HAVE IN COMMON WITH THE FUTURE
OF THE PROGRAM. SO AS OF RIGHT NOW WE'RE UTILIZING ARPA FUNDING AND THERE IS STILL MORE ARPA THAT IS GOING TO BE UTILIZED FOR THIS PROGRAM. SO IT'S GOING TO GO YOU KNOW,
ONCE THE FULL FUNDING ROLE GOES AWAY THEN WE WILL SEE BUT IT IS REALLY A PRIORITY FOR US AND ONE OF MY GUIDING THEMES AS A CITY COUNCILOR THAT WORKS ON A LOT OF DEVELOPMENT GIVEN THE
DISTRICT THAT I HAVE IS THAT I DON'T LET COMPETITORS DECIDE WHAT COMPETITORS DO. SO IF SOMEONE'S PROPOSING A PROJECT NEXT DOOR TO ANOTHER PROJECT I DON'T LET THAT PROJECT OUT, YOU KNOW?
YOU KNOW I DON'T LET THE PERSON WHO'S COMPETING WITH THIS OTHER DEVELOPER DICTATE WHAT. SO WITH THAT IN MIND. JUST WANTED TO ASK SORT OF THE
ROLE OF KDKA'S. I FIND THAT OFTEN TIMES THEY ARE OPPOSING OTHER DEVELOPMENT PROJECTS IN ORDER TO EXTRACT SORT OF RESOURCES OUT OF LIKE COMMUNITY BENEFITS AND
MITIGATION AGREEMENTS. SO I WAS JUST CURIOUS AND I THINK THIS IS RELEVANT TO PUBLIC HOUSING BECAUSE KDKA'S ARE OFTEN, YOU KNOW, NOT WHOLLY SUBSIDIZED BY THE CITY BUT ARE
LIKE WE WE ABSOLUTELY CONTRIBUTE AND WORK WITH THEM. I JUST WANTED TO ASK IF THE ADMINISTRATION HAS SORT OF AN OPINION ON CDC IS WEIGHING IN ON DEVELOPMENT PROJECTS GIVEN
THAT SORT OF POTENTIALLY THE ULTIMATE GOAL IS FOR THEM TO SORT OF BE RESOURCED OUT OF THOSE ARRANGEMENTS? I FIND THAT CONVERSATION AND TO
BE VERY COMPLICATED AND I JUST THINK IN A WAY WE JUST NEED TO MAKE SURE THAT ALL ORGANIZATIONS THAT WORK WITH THE CITY OF BOSTON ARE OPERATING WITH THE UTMOST ETHICS IN ORDER TO GET THE
DESIRED RESULT WHICH IS MORE HOUSING WHERE PEOPLE IN HOUSING AND THAT PEOPLE THAT HAVE POTENTIAL COMPLEX AREN'T WEIGHING IN ON OTHER PEOPLE'S PROJECTS IN ORDER I DON'T EVER
WANT TO BE IN A STICKY SITUATION WHERE I'M BEING ASKED TO DO ANYTHING THAT I THINK IS UNETHICAL. SO I WAS JUST CURIOUS I KNOW THIS IS A VERY LOADED QUESTION BUT I WOULD LOVE TO HEAR THE
ADMINISTRATION'S ANSWER SO I CAN'T ANSWER FOR PLANNING BUT I WILL GIVE YOU MY OPINION AND THEN HANDED OVER TO PLANNING BUT IF I'M HOPEFUL THAT A
NONPROFIT THAT IS IS ALWAYS EVALUATING A MARKET RATE DEVELOPMENT FOR WHAT'S BEST FOR THE COMMUNITY, WHAT THEY'VE HEARD, WHAT THEIR WHAT THEIR MISSION IS AND NOT WHAT THEY'RE
GOING TO PERSONALLY EXTRACT FROM IT. SOMETIMES YOU'RE RIGHT THOUGH A DEVELOPER WILL BE WORKING WITH A NONPROFIT AND THE NONPROFIT WILL BE HELPING THEM MEET THEIR INCLUSIONARY DEVELOPMENT
REQUIREMENTS AND SO THEY'RE WORKING VERY CLOSELY TOGETHER. BUT STILL I, I, I'M HOPEFUL THAT THEY WOULDN'T BE IN THAT PARTNERSHIP UNLESS THEY FELT LIKE THE MARKET RATE
DEVELOPMENT WAS GOOD GOOD OVERALL AND I GUESS MY BROADER QUESTION IS HOW DOES THE CITY MAKE SURE THAT WE ARE ACTUALLY UPHOLDING ETHICS LIKE IN THESE CONVERSATIONS?
JEFF YOU COULD FINISH THAT LEVEL, MOVE TO THE NEXT PERSON . THANK YOU. YEAH. YEAH. YEAH. TO THE EXTENT THAT WE SEE THAT OBVIOUSLY OUR PROJECT MANAGERS
ARE HAVE YOU KNOW, BEEN MADE AWARE I MEAN WHENEVER MARKET RATE PROJECTS IN FRONT OF US WE KNOW THAT THERE'S SORT OF LIKE THIS COMPETITION FOR RESOURCES THAT THAT YOU KNOW VARIOUS
PARTIES ARE COMPETING FOR. I THINK THAT'S ONE OF THE THINGS THAT WE'RE TRYING TO ADDRESS THROUGH ARTICLE 80 REFORM FRANKLY. YOU KNOW WE'VE WE INTRODUCED
RECENTLY A DISCLOSURE SO WE CAN WE CAN KIND OF PUT, YOU KNOW, PEOPLE'S INTEREST OUT IN PUBLIC AND MAKE SURE THAT PEOPLE ARE COMING TO THE PROCESS WITH AN
OPEN MIND AND AND A CLEAN BILL. I THINK THAT WE ARE WE'RE JUST GOING TO CONSTANTLY HAVE TO MANAGE THAT. IT'S LIKE YOU READ MY LETTER. OKAY, I'LL I'LL LET YOU GO. I THINK THAT THAT ANSWERS MY
QUESTION. SO THANK YOU SO MUCH. THANK YOU. SO I'M GOING TO TAKE 6 MINUTES FOR MYSELF AND START ON REPEAT AND START.
OKAY. ALL RIGHT. I WAS WONDERING ABOUT YOU KNOW, WHEN WE DID HOMEBUYING CLASSES
I TOOK ONE A LONG TIME AGO AND WE WERE BUYING AT LIKE A TWO FAMILY THE HOMEBUYER CLASSES WERE FOCUSED VERY MUCH ON, YOU KNOW, REGULAR HOMES.
BUT I DO FEEL THAT, YOU KNOW, THE ARE WE INCREASING THE NUMBER OF HOMEBUYER CLASSES THAT ARE MORE FOCUSED ON CONDOMINIUM PURCHASES BECAUSE IT IS A SORT OF DIFFERENT
ANIMAL. COULD YOU SPEAK TO THAT SALARY ? YEAH, I CAN SAY IT AT MAHA WE HAVE A HOMEBUYER ONE ON ONE
WHICH EVERYBODY TAKES BUT THEN THERE'S A YOU CAN EITHER DO A HOMEOWNER TO A ONE OR CONDO OWNER TWO OR TWO. SO IF YOU'RE THINKING ABOUT BUYING A CONDO I HIGHLY
ENCOURAGE PEOPLE TO TAKE THE CONDO CLASS EVEN THOUGH IT'S NOT REQUIRED UNTIL AFTER YOU BUY THE CONDO. WE REALLY EMPHASIZE THAT IT'S GOOD TO UNDERSTAND WHAT CONDOS ARE ABOUT AND TO BE ABLE TO
EVALUATE THEM BEFORE YOU'RE STUCK IN ONE. SO WE DEFINITELY HAVE A SINGLE TRACK UNDER THEIR PARTICULAR PITFALLS LIKE WOULD YOU LIKE TO SORT OF SPEAK TO THE PARTICULAR
MISUNDERSTANDINGS AND PITFALLS THAT SOMEONE WHO BUYS A CONDO SOMETIMES THEY GET THEY HAVE AN UNPLEASANT EXPERIENCE BECAUSE THEY HAVE DIFFERENT ASSUMPTIONS.
RIGHT. SO THAT HAPPENS BOTH WITH THE AFFORDABLE AND ALSO WITH THE MARKET RATE DEALS. I DO THINK THERE'S PROBABLY A NEED. THE CITY HAS MOVED TO PROVIDE
MORE ASSISTANCE AND WORKED WITH US ON REVAMPING THE CURRICULUM BUT THERE MAY BE NEED FOR MORE TO FOR CONDO ASSOCIATIONS AND EVEN BEYOND LIKE WHAT THE CITY CAN DO.
BUT IF THERE ARE SAY PRO-BONO LEGAL RESOURCES AND OTHER THINGS FOR CONDO ASSOCIATIONS BECAUSE I HAVE HEARD RECENTLY FROM SOMEONE WHO ARE SO FED UP IN ONE THAT SHE MOVED OUT AND
NOW SHE'S CALLING ME WITH AN S.O.S. SIGNAL FROM THE ONE SHE MOVED INTO AND THESE ARE NOT YOU KNOW, IT'S NOT AN ISSUE ONLY FOR THE AFFORDABLE BUT IT'S IMPORTANT FOR ALL THE REASONS EVERYBODY'S TALKING
ABOUT TO MAKE SURE THAT ALL THE INVESTMENTS IN THE HOMEOWNERS ARE REALLY IN GOOD SHAPE IN THOSE AFFORDABLE ONES AND THEN FIGURE OUT WHAT WE CAN DO FOR THE PRIVATE MARKET. YEAH, AND WHAT SORT
OF TECHNICAL ASSISTANCE DOES THE CITY OFFER TO CONDO ASSOCIATIONS OF ALL FOLKS? YOU KNOW, WE HAVE NEW TOOLKIT. WE HAVE WE HAVE SOME NEW WE
HAVE ONE BUILDING THAT WAS BUILT NEXT TO A MARKET RATE BUILDING AND THE AND THE BUILDING WAS HOME FOR AFFORDABLE HOMEOWNERSHIP. SO I THINK IT'S ALMOST ENTIRELY
LIKE AFFORDABLE HOMEOWNERSHIP BUT IF FINDING THAT FINDING THAT YOU KNOW, THEY DON'T
NECESSARILY HAVE THE TECHNICAL UNDERSTANDING OF HOW TO RUN A CONDO ASSOCIATION. SO I CAN TELL YOU THAT, COUNCILOR, THAT WE HAVE BEEN CLOSELY WORKING WITH MAR HAD TO REVAMP THAT CURRICULUM FOR THE
CONDO CLASS AND EVERYONE THAT COMES TO US AND ASKED QUESTIONS OR HAS CONCERNS ABOUT CONDO YOU KNOW, WE DO PROVIDE TECHNICAL ASSISTANCE. WE'RE WORKING WITH A VENDOR THAT ACTUALLY SITS DOWN WITH
THEM, LOOK AT THE FINANCIALS, SEE THE STRUCTURES OF THE CONDO . WE TRY TO FIND SOLUTIONS AND HELP THEM FINANCIALLY RIGHT WHEN IT COMES INTO THAT AND ONE OF THE THINGS THAT WE DO
REQUIRED IS FOR THEM TO TAKE THE CONDO THE CONDO CLASS THAT WE REVAMP WITH MY HIGH NOW WE'LL BE HAPPY TO SHARE WITH YOU THE THE CURRICULUM WHICH IS A REALLY GOOD CURRICULUM AND WE ACTUALLY MONITORED AND WE HAD A
SPECIAL ICE PERSON SIT DOWN AND REALLY SEE IF THERE WAS AN ACTUAL IF THE CURRICULUM WILL COVER ALL OF THE CONCERNS THAT WE HAD.
SO WE DO PROVIDE THAT WE'RE SEEING MORE AND MORE OF OF THE AFFORDABLE CONDOS ESPECIALLY FOR THOSE THAT ARE UNDER 14 UNITS. RIGHT.
SO WE'RE WORKING WITH THEM. ONE OF THE BIGGEST CHALLENGES THAT WE CARRY IS, YOU KNOW, FINANCE WHEN IT COMES INTO ASSESSMENTS.
BUT BUT WE DO DO THAT. I DON'T KNOW I JUST WANT TO ADD I THINK IT IS THAT SORT OF ONE OF THE PROBLEMS OF OUR OUR OUR TIME THAT WE HAVE THESE OLDER
MOSTLY AFFORDABLE CONDOMINIUMS AND THEY NEED A LOT OF TECHNICAL ASSISTANCE. KAREN'S RIGHT WE HAVE A PERSON ON CONTRACT THAT'S WORKING WITH MANY OF THEM. SOME OF THEM NEED LOTS
OF RESOURCES FOR DEFERRED MAINTENANCE. SO I REALLY DO THINK THAT WE ALL NEED TO PUT OUR HEADS TOGETHER AND KIND OF COME UP WITH BUDGET AND SOLUTIONS FOR SOME OF THESE OLDER CONDOMINIUMS. THEY'RE THEY'RE GOOD COMMUNITIES.
THEY'RE NICE PEOPLE THAT LIVE IN THEM. THEY'RE THEY'RE A GREAT HOUSING RESOURCE BUT THEY UNLIKE AN AFFORDABLE RENTAL PROJECT THAT'S GOING TO GET RECAPITALIZED IN 30 YEARS,
THESE DON'T. SO WE'VE GOT TO FIGURE OUT A SOLUTION. OKAY. AND THEN WITH REGARD TO THE THE CO-OPS, IS IT A SIMILAR SORT OF SITUATION WITH CO-OPS THAT
THEY DON'T SET ASIDE ENOUGH MONEY FOR LONG TERM MAINTENANCE ? LIKE IF YOU DON'T WANT THEM YOU'RE GOING TO END UP WITH A BIG DISASTER AT SOME STAGE SOME SOME OF THEM CERTAINLY ARE RIGHT NOW DEALING WITH THAT
ISSUE. YEAH. OKAY. AND THEN I THINK WE TOUCHED ON IT EARLIER ALTHOUGH THE QUESTION I HAD BECAUSE I DON'T WANT TO REPEAT SOMETHING THAT'S
ALREADY BEEN TALKED ABOUT THE CONTRACTORS WHEN WHEN IS THERE SORT OF A QUALITY STAMP OR YOU KNOW, QUALITY STANDARDS THAT
WE'VE HEARD OF HOME OWNERSHIP PLACES THAT LIKE 6 TO 10 YEARS AFTER THE BUILDING WAS BUILT, THEIR HOMES WERE BUILT THAT THEY WERE HAVING SOME PRETTY SERIOUS PROBLEMS.
THAT SEEMS LIKE A REALLY SHORT TIMELINE TO HAVE NEEDS. DO WE HAVE AS MUCH TIME UP NOW? BUT WE HAVE ANY ANY METRICS BY
WHICH OR ANY YOU KNOW, WE HAVE GOOD DOCTORS AND NOT SO GOOD DOCTORS IN THE CONSTRUCTION WORLD AND HOW CAN WE ENSURE QUALITY CONSTRUCTION? TO THE BEST OF MY KNOWLEDGE
THERE'S NO LIST OF I MEAN THERE'S NO LIST THAT YOU KNOW, BEWARE OF OF OF THIS CONTRACTOR . I, I DO THINK THAT OFTENTIMES
PEOPLE CALL UP THEY'LL BE IN MARKET RATE DEVELOPMENTS AND THERE'S VERY LITTLE THE CITY CAN DO EXCEPT SUGGEST THEY GET AN ATTORNEY IF SOMEBODY IS INCOME ELIGIBLE AND THEY'RE
GETTING HIT WITH A VERY LARGE ASSESSMENT THAT THEY CAN'T MANAGE, THEN KAREN'S TEAM WILL POTENTIALLY AND OFTENTIMES ASSIST THE THE INCOME QUALIFIED
HOMEOWNER IN A CONDOMINIUM WITH THAT ASSESSMENT PAYMENT OR A PIECE A PIECE OF THE ASSESSMENT PAYMENT. BUT IF IT'S A MARKET RATE DEVELOPMENT AND SOMEHOW IT'S FAILED AND REALLY THE DEVELOPERS THE OWNERS JUST NEED
TO GET TOGETHER AND FIGURE IT OUT. WE DON'T WE DON'T GET INVOLVED. OKAY. THANK YOU. MY TIME'S UP. WE'LL GO TO A SECOND. SECOND ROUND COMES FROM HERE. I WOULD WANT TO REDUCE THE TIME
TO 4 MINUTES SO YOU HAVE THE FLOOR. I HAVE FOUR QUESTIONS SO THAT MEANS I WANT TO ASK MY FOUR QUESTIONS AND THEN YOU'RE AND ANSWER THEM. I'LL DO THE BEST WE CAN. MM HMM.
SO I WANT TO GO BACK TO THE REASON WHY WE FILED THIS HERE IN ORDER TO BEGIN WITH IS TO BETTER UNDERSTAND SOME OF THE ISSUES THAT WE HEARD. I'M GOING TO GO BACK TO THE
FATHER MARTIN PROPERTY AND THERE'S SOME DISCREPANCIES FROM THE NUMBERS THAT YOU SHARED AND THE NUMBERS THAT I GET FROM COMMUNITY. SO YOU ALL ARE TALKING ABOUT $636,000 AND SOME THINGS THAT
I'VE BEEN HEARING FROM COMMUNITY HAS BEEN 5.2 MILLION. THAT'S A BIG DISCREPANCY. SO IF YOU COULD JUST KIND OF HELP US UNDERSTAND KIND OF WHAT YOUR UNDERSTANDING IS OF WHAT THEY OWE AND WHAT AND
WHERE THAT IS, THAT WOULD BE GREAT. AND I ALSO WOULD LIKE TO BETTER UNDERSTAND THEY'RE UNCLEAR WHETHER OR NOT THEY'RE EQUITY PARTNERS OR EQUITY OWNERS.
WHICH IS IT BECAUSE IT'S UNCLEAR AS TO KIND OF HOW WE'RE CLARIFYING WHO THEY ARE AND HOW THEY SEE THEMSELVES? SO I THINK THAT THAT WOULD BE REALLY HELPFUL BECAUSE THEY
ENTERED INTO THIS WITH ONE SIDE OF AGREEMENT. NOW 30 YEARS LATER THERE'S SOME CONFUSION. SO IF WE CAN JUST CLEAR FOR THE RECORD THAT WOULD BE GREAT AND THAT WE'RE SEEING THAT
AFFORDABLE HOUSING CONTINUES TO CHANGE THE NAME OF WHAT THAT LOOKS LIKE FOR LOW INCOME RESIDENTS PARTICULARLY THOSE WHO ARE MAKING UP IN THE COOPERATIVE SPACE. YOU KNOW, SOME FOLKS ARE LOW
INCOME BUT EVERYTHING THAT'S HAPPENING AROUND THEM IS, YOU KNOW, THE PROPERTY VALUES ARE GROWING. SO I'M JUST CURIOUS WHAT OPTIONS ARE THERE AVAILABLE FOR AGE IN COOPERATIVES,
PARTICULARLY THOSE THAT ARE RESTRICTED THROUGH IHT SEE REGULATIONS TO CONTINUE MEETING THEIR CAPITAL NEEDS WHILE PROTECTING THEIR LONG TERM
AFFORDABILITY OF RESIDENTS ESPECIALLY RETIREES WHO ARE ON FIXED INCOME. SO JUST KIND OF YOU CAN HELP ME UNDERSTAND THAT. AND THEN THE OTHER GROUP OF FOLKS THAT WE'VE BEEN HEARING FROM ARE THE FOLKS IN
TENT CITY IN TERMS OF GOVERNANCE, IN TERMS OF AGENCY AROUND KIND OF LIKE THEIR THE ROLE THAT THEY PLAY. RIGHT.
IT WAS BUILT ON CITY PROPERTY. THE CITY IS KIND OF A LITTLE BIT OF HANDS OFF IN TERMS OF THE GOVERNANCE. SO I'M JUST CURIOUS IF WE CAN HELP US UNDERSTAND KIND OF LIKE WHAT THE TENSION IS WITH WITH TENT CITY. YEAH.
SO THOSE ARE THE FOUR THAT I'M GOING TO HAVE RYAN UP TO NOW COME DOWN REALLY WHO'S BEEN WORKING WITH FATHER MARTIN COOPERATIVE FOLKS VERY CLOSELY IF I COULD. WELL SHE COMES DOWN I'LL JUST
MENTION TENT CITY. SO TENT CITY WAS BUILT ON VERY LAND. IT HAS A PRETTY LARGE LOAN FROM FROM THE I THINK IT'S BEEN A
IT'S BEEN A BRIDGE LOAN NOT A PLANNING LOAN. WE WE HAVE BEEN THERE IS CAPITAL NEEDS. THERE IS THERE'S BEEN SOME GOVERNANCE NOT BOARD ISSUES BUT
BOARD TRAINING AND AS RECENT A RECENT ELECTION PEOPLE ARE FEELING VERY GOOD THAT THE GOVERNANCE IS REALLY COMING TOGETHER. THEY'VE GOT A LOT OF SUPPORT RIGHT NOW FROM GOOD AFFORDABLE
HOUSING CONSULTANTS TO REALLY THINK ABOUT A RESTRUCTURING AND A REFINANCING THAT WOULD DEAL WITH THE CAPITAL NEEDS. SO THAT WORK IS ONGOING. THE LENDERS ARE MEETING ON A
VERY, VERY REGULAR BASIS TO ENSURE THAT TENT CITY IS IS YOU KNOW, DOES THE RIGHT THING AND SUPPORT THE RESIDENTS THAT ARE THERE. SO PROBABLY WILL BE MORE TO REPORT ON TENT CITY IN THE
UPCOMING MONTHS THAN THERE IS RIGHT NOW BUT I'M FEELING LIKE IT'S THE THE THE ISSUES ARE BEING LIKE THEY'RE I'M BEING UNDERSTOOD ESPECIALLY THE WORK THAT'S NEEDED TO REALLY REVITALIZE TENT CITY AND NOW
WE'RE STARTING TO WORK ON HOW THAT COULD POSSIBLY GET PAID FOR AND THE ELECTION AND ELECTION OF RESIDENTS JUST HAPPENED AND SO I THINK THEY'RE GETTING UP TO SPEED BUT WITHOUT
IT HANDED OVER FOR A SUMMARY OF FATHER WALTER MARTIN CO-OP. YEAH, HI. SO YOU ASKED A NUMBER OF QUESTIONS I MIGHT NEED TO ASK AGAIN WHAT THOSE WERE BUT
YOU ASKED FOR SOME CLARIFICATION ON THE AMOUNTS THAT ARE DUE SO WE WILL VERIFY THIS FOR SURE BUT THERE ARE I THINK THREE LOANS ON THE
PROPERTY AND ONE OF THEM IS WAS A ACCRUED INTEREST THAT WAS PUT INTO A SILENT LOAN. AND WHAT I HAVE HERE IS ABOUT SEVEN AND A HALF MILLION DOLLARS AND THAT'S OUTSTANDING
AND IS DUE IN 2044 AND WHO OWNS THAT? WHO OWNS THAT? THE FATHER MARTIN CO-OP. THE POOR PEOPLE THAT LIVE THERE. ALL THAT. YEAH. THAT'S A BIG CHUNK OF CHANGE.
YEAH. IT WAS ACCRUED INTEREST FROM WHEN THE PROPERTY WAS BUILT IN 19 YOU KNOW IN THE NINETIES AND THE REASON WHY WE COULDN'T FORGIVE ALL OF THAT INTEREST IS
BECAUSE OF THEIR STRUCTURE. THEIR CORPORATE STRUCTURE IS A LIMITED PARTNERSHIP AND IF WE FORGAVE IT ALL IT WAS GOING TO HAVE TAX IMPLICATIONS FOR THE CORPORATION THAT WOULD THAT WERE NEGATIVE SO IT WOULD NEGATIVELY IMPACT THE
CORPORATION. SO WITH ALL OF THEIR ATTORNEYS ADVICE THAT WE DID YOU KNOW WHAT WE COULD TO FORGIVE AS MUCH AS WE COULD AND I THINK THAT THAT CAN BE RECONSIDERED
IN THE FUTURE WITH GUIDANCE FROM ATTORNEYS AND TAX CONSULTANTS. LET'S SEE THE REMAINING THERE WAS ANOTHER QUESTION ABOUT
THEIR STRUCTURE AND I THINK THE LIMITED EQUITY MODEL SO RIGHT NOW THEY'RE STILL UNDER THEIR LIMITED PARTNERSHIP BECAUSE IN ORDER FOR THEM TO CONVERT TO THEIR TO COMPLETE CO-OP
OWNERSHIP THAT WAS WHEN THEY RESTRUCTURED OR WHEN THAT TAX I FORGET EXACTLY THERE WAS A PERIOD OF TIME IN WHICH WE RESTRUCTURED THE LOANS AND IT WAS DECIDED THAT THAT AT THE
TIME THAT THAT LIMITED PARTNERSHIP WAS GOING TO STAY AS IT WAS INSTEAD OF CONVERT TO LIMITED EQUITY. I HAVE A QUESTION I'M SURE I'M CURIOUS AND I'M SORRY BUT I JUST REALLY I NEED TO
UNDERSTAND THIS. SO IF I AM MAKING AN ASSUMPTION THAT I ON THE PROPERTY AND AND NOW I'M TOLD I'M MORE OF A
PARTNER AT THE END OF THE DAY DO I OWN THAT PROPERTY OR NOT? SO IN THIS IS THEY'RE PAYING FOR A LOAN AND THEY'RE PAYING AS THOUGH THEY ARE GOING TO BE THE OWNERS OF IT.
BUT IT SOUNDS LIKE THEY'RE NOT OWNERS THEY'RE MORE PARTNERS. YEAH. SO THE CO-OP OWNS THE PROPERTY AND IT AND THE PEOPLE THAT LIVE
IN THE UNITS RENT FROM THE CO-OP AND THEY ARE MEMBERS OF THE COOPERATIVE THAT OWNS THE PROPERTY. OKAY. SO THE COOPERATIVE AS AN
ORGANIZATION AS AN ENTITY IS RESPONSIBLE FOR REPAYMENT OF THE LOANS SO NOT THE RESIDENTS. CORRECT. OKAY. SO THAT'S REALLY GOOD FLAHERTY. THANK YOU FOR THAT.
I APPRECIATE THAT. BUT THAT STILL BECAUSE THE THE RESIDENTS ARE DOING ALL THE MAINTENANCE AND UPKEEP AND THEY'RE ACTING LIKE THEY REALLY DO BELIEVE FOR THOSE WHO ARE
TUNING IN YOU'RE NOT THE OWNERS. OKAY. JUST WANT YOU ALL TO KNOW YOU ARE PARTNERS. YOU DON'T OWN IT. SO JUST WANT TO BE CLEAR ABOUT THAT BECAUSE THERE IS AN ASSUMPTION THERE HAS BEEN AN
ASSUMPTION FOR FOLKS THAT THEY ARE THE OWNERS OF THAT LAND AND I DON'T OR MAYBE I'M IN AN ASSUMPTION I DON'T KNOW BUT
THERE IS SOME CONFUSION THERE. SO THANK YOU FOR HELPING US UNDERSTAND THE DIFFERENCE BETWEEN BOTH. CAN CAN YOU TALK TO US A LITTLE BIT ABOUT WHAT'S HAPPENING
AROUND THE NEIGHBORHOOD AND HOW THAT IMPACTS IT SEEMS LIKE WE KEEP MOVING THE GOALPOSTS YOU KNOW, IN TERMS OF OF THE AFFORDABILITY IN TERMS OF SO
WHAT HAPPENS IF I'M INCOME RESTRICTIONS ON THAT? YEAH. SO IF I CAME IN AS LOW INCOME RIGHT I'M MAKING IT I'M ON A FIXED INCOME IT HOW ARE WE PROTECTING PEOPLE WHO ARE THEN
FIND THEMSELVES AT A LOWER FINANCIAL BRACKET. LIKE WHAT KIND OF ACCOMMODATIONS ARE MADE FOR FOLKS? WELL SO THIS PROPERTY IS RESTRICTED WITH A TAX CREDIT
REGULATORY AGREEMENT AND THE CITY OF BOSTON HOUSING RESTRICTION AGREEMENT AND SO YOU KNOW, THE UNITS THEMSELVES
ARE HAVE INCOME RESTRICTIONS AND THOSE HAVEN'T CHANGED AND AREN'T ANTICIPATED TO CHANGE UNLESS THERE IS A REQUEST MADE TO THE STATE AND THE CITY TO MAKE A MODIFICATION WHERE WE
COULD REDUCE THE AMOUNT OF INCOME SOMEBODY NEEDS IN ORDER TO QUALIFY FOR A UNIT. I THINK MAYBE YOUR QUESTION IS ABOUT LIKE IF THEY'RE LIVING
THERE AND THEIR INCOME GOES DOWN, CAN THEY HAVE AN ADJUSTMENT ON THEIR RENT YET? SO THAT'S NOT BECAUSE THIS IS THERE'S NO SUBSIDY ON ANY OF THESE UNITS UNLESS THEY HAVE
A MOBILE VOUCHER. THE RENT DOES NOT ADJUST BASED ON THEIR INCOME LEVEL. THE RENT IS SET AT WHATEVER THE COOPERATIVE IS SETTING THE RENT SET BUT AT THE SAME TIME THERE
IS A MAXIMUM AMOUNT THAT THE RENT CAN GO UP TO AND THAT IS SET IN THE INCOME RESTRICTIONS. BRIANNA, IS IT FAIR TO SAY THAT THE CO-OP OR THEIR AGENT COULD APPLY FOR I MEAN VOUCHERS ARE
IN SHORT SUPPLY THESE DAYS BUT THEY COULD APPLY FOR A PROJECT BASED AND I THINK MR LYNCH LAST TIME HE WAS HERE WAS WAS SORT OF ADVOCATING FOR THAT THEY COULD APPLY FOR A THEY COULD
APPLY FOR VOUCHERS AND PROJECT BASED THEM AND THAT WOULD HELP WITH SOME OF THE LOWER INCOME RESIDENTS THERE. IS THAT FAIR TO SAY? YEAH. AND WE HAVE HAD CONVERSATIONS
WITH FATHER WALTER MARTIN OVER THE YEARS ABOUT APPLYING FOR CITY VOUCHERS AND SO I THINK THEY'RE EVEN IN HERE EARLIER THIS YEAR ADVOCATING FOR MORE CITY VOUCHERS FOR THAT REASON.
SO WE'VE ENCOURAGED THEM WHEN THAT RFP COMES OUT TO APPLY. THANK YOU. THANK YOU. I KNOW MY TIME IS UP. HOW WE DO WITH THE QUESTIONS? WELL, I DON'T KNOW. I STILL I STILL HAVE A LOT OF QUESTIONS.
OKAY. I KNOW THAT ABOUT YOU LIVE HERE. THAT'S I EXPECTED YOU'D HAVE A LOT OF QUESTIONS. IT'S YOUR YOU'RE THE LEAD SPONSOR SO CONTROVERSIAL YOU'VE GOT A I HAVE TO I'M TRYING TO
FIGURE OUT HOW MUCH TIME EVERYBODY NEEDS, BUT LET'S TRY. ALL RIGHT, LET'S TRY THIS. 15 MINUTES. 15 MINUTES NOW.
6 MINUTES. 6 MINUTES. ARE YOU ABLE TO PROVIDE A BREAKDOWN OF HOW MUCH FUNDING GOES INTO AFFORDABLE RENTAL VERSUS AFFORDABLE HOMEOWNERSHIP
ON A YEARLY BASIS LIKE FROM THE CITY BUDGET? CITY BUDGET? ABSOLUTELY AWESOME. CAN YOU DO THAT OVER LIKE A FIVE YEAR SHARE FOR 2020? NO PROBLEM AT ALL. AWESOME. AND THEN JUST TO KIND OF UNDERSTAND LIKE THE DEMAND I
KNOW HILLARY MENTIONED THAT THEY GRADUATE 5500 PEOPLE ON A YEARLY BASIS BUT HOW MANY CAN WE SEE LIKE WHEN THERE'S A NEW
UNIT UP LIKE WHAT WHAT THE WAITLIST LOOKS LIKE FOR FOR HOMEOWNERSHIP. YEAH. I MEAN SO IF IT'S NEW IF IT'S A NEW DEVELOPMENT WE'RE MARKETING
LIKE KAREN SAID WITHIN YOU KNOW LIKE I THINK FOUR MONTHS BEFORE THE UNIT HAS A C OF OH WE'RE STARTING TO MARKET. SO WE THOSE UNITS ARE GOING INTO A LOTTERY. RIGHT. IF IF AN AFFORDABLE UNIT EXISTS
ALREADY AND THERE'S NO LOTTERY OF COURSE AND MRS. JONES HAS AN AFFORDABLE UNIT SHE WANTS TO MOVE TO FLORIDA. SHE'S JUST GOING TO WORK WITH US AND A BROKER OR JUST HERSELF AND SELL THE UNIT SO WE
WOULDN'T HAVE A WE WOULDN'T HAVE IT LIKE THERE'D BE NO WAY OF TRACKING HOW LONG THAT TOOK. RIGHT. AND I GET IT I GUESS FOR LIKE THE NEW UNITS IT WOULD KIND OF BE INTERESTING TO SEE LIKE HOW MANY PEOPLE SIGNED UP FOR
THAT LOTTERY. OKAY. SURE. LOTTERY VERSUS HOW MANY UNITS WERE AVAILABLE. RIGHT. OKAY. NO PROBLEM. AND THEN I'M A BIG BELIEVER OF DEED RESTRICTION JUST
KNOWING THAT THE INCOME LEVELS ARE THE YOU KNOW, MEDIAN HOUSEHOLD INCOME IS NOT, YOU KNOW, MOVING AS FAST AS HOME PRICES.
AND IF WE WERE TO LET THOSE DEED RESTRICTIONS YOU KNOW, NOT EVERYONE AS WE MENTIONED EARLIER CAN AFFORD $789,000 ON THE OPEN MARKET. BUT I BUT I DO THINK THAT, YOU
KNOW, THOSE THAT ARE IN AFFORDABLE HOMEOWNERSHIP SHOULD RIGHT BE ELIGIBLE FOR FIRST TIME HOMEBUYER PROGRAMS AGAIN IN ORDER TO BUY IN THE OPEN MARKET.
CAN YOU SHOW ME YOUR THOUGHTS ON THAT? WE HAVE WE ARE STARTING TO MAKE THAT POLICY CHANGE AND SELECTED CASES SO IT'S I KNOW IT'S SOMETHING THE MAYOR HAS PUT FORWARD IS SOMETHING THAT SHE
WANTS TO ADOPT. I DON'T KNOW IF IT'S 100% IN PLACE AT THIS POINT, KAREN YES, IT IS 100% IN PLACE. IT'S GOOD THAT YOU'RE ALREADY HEARD FROM MY FIRST HOMEOWNER
THAT WANTS TO SEE IF WANTS TO SELL THEIR THEIR AFFORDABLE HOME AND REALLY TRY TO GO MARK A RATE. SO THAT'S AWESOME. AND JUST KIND OF GET AN IDEA
HOW MUCH EQUITY ARE THEY LEAVING WITH AND THEN THE DOWN PAYMENT ASSISTANCE WE HAVEN'T GOT THAT FAR BUT WE JUST GET THE CONFIRMATION. BUT I MEAN THEY WILL QUALIFY FOR OUR SAME DOWN PAYMENT ASSISTANCE LIKE 2%, 3% PLUS
CLOSING COST. AND WHAT I'M TRYING TO DO WITH THEM BECAUSE THEY WOULDN'T QUALIFIED FOR THE ONE PLUS BOSTON OR ANY MH PRODUCTS I KNOW THAT WE'RE WORKING WITH MASS HOUSING. MASS HOUSING DOES HAVE A
PRODUCT THAT IT COULD WORK WITH THEM AND I'M ALSO LOOKING AT PORTFOLIO LENDERS THAT ARE WE'RE GOING TO BE ABLE TO PROVIDE AFFORDABLE PORTFOLIO PROGRAMS FOR THIS HOMEOWNER IS WERE THEY NOT QUALIFIED FOR THE
ONE BECAUSE THEY THEY HAVE THAT THEY HAVE TOO MANY ASSETS? NO, BECAUSE THEY FOLLOW THAT THREE YEAR YOU IN ORDER TO
QUALIFY FOR THE ONE PLUS OR AN AVERAGE FEE PRODUCTS YOU WILL HAVE NOT OWN A HOME IN THE PAST THREE YEARS. OKAY SO THIS HOMEOWNER WOULD HAVE TO WAIT THREE YEARS IN ORDER TO REAPPLY. ALL RIGHT. WHICH IS NOT BAD BUT WE SHOULD
BE ABLE TO MAKE IT WORK FOR YES, FOR EVERYONE RIGHT? YEAH. MY OTHER QUESTION IS AROUND. DO WE KNOW LIKE THE MEDIAN
INCOME LEVEL FOR THE BUYERS THAT ARE BUYING AFFORDABLE HOMEOWNERSHIP? SO OUR HIGHEST PERCENTAGE IS 80% 80% OF AM I AND I CAN GET
YOU THE EXACT NUMBER IF YOU WANT. YEAH, THAT'LL BE AWESOME. JUST KIND OF HAVING THE HIGHEST PERCENTAGE AND FOR PLANNING GO SEVEN IN BOSTON'S 2023
ASSESSMENT OF FAIR HOUSING IS TO REDUCE THE DISPARITY IN HOMEOWNERSHIP RATES BY RACE AND ETHNICITY AND THEN UNDER FEDERAL LAW SPECIFICALLY UNDER TITLE 24 OF THE CODE OF FEDERAL
REGULATIONS SECTIONS 5.150 AND 5.15 FOR THE CITY IS REQUIRED TO USE ZONING AND PLANNING AUTHORITY TO AFFIRM ONLY FURTHER FAIR HOUSING. SO HOW IS THE PLANNING
DEPARTMENT UNION USING ITS ZONING TOOLS ESPECIALLY WHEN GRANTING RELIEF OR APPROVING LARGE SCALE DEVELOPMENT TO ACTIVELY EXPAND HOMEOWNERSHIP OPPORTUNITIES FOR HISTORICALLY EXCLUDED COMMUNITIES?
AND JUST AS IMPORTANTLY, WILL THE CURRENT DATA ON HOUSING PRODUCTION SUPPORT PROGRESS TOWARD THAT GOAL? AND IF YOU DO HAVE ANY WELL WE'D LOVE TO SEE THE DATA AS
WELL. YEAH, I CAN TO THE EXTENT I CAN PROVIDE DATA ON THAT I WILL DEFINITELY GET BACK TO YOU ON IT. SO IN TERMS OF ISSUING A TITLE
ENTITLEMENTS, WE'RE NOT LEGALLY ALLOWED TO BASICALLY EXCLUDE RENTAL. I THINK WE'RE ARE CONSTANTLY WORKING WITH YOU KNOW, THROUGH ARTICLE 80 PROCESS WE ARE
CONSTANTLY WORKING WITH DEVELOPERS TO TO TRY TO MOVE THEM IN TO MOVE THEM TOWARDS OFFERING HOME OWNERSHIP UNITS. I THINK THAT'S SOMETHING WE ALL PREFER.
YOU KNOW, OBVIOUSLY THERE ARE CHALLENGES IN THE CURRENT LENDING MARKET. YOU KNOW IT'S A IT'S IT'S A RISKIER INVESTMENT FOR FOR LENDERS AND THEY'VE BEEN A
LITTLE BIT LESS LIKELY TO FUND HOMEOWNERSHIP PROJECTS. SO I THINK IN THIS PARTICULAR MARKET BUT YOU KNOW, COUNCILOR, I THINK WE'RE WE'RE VERY ALIGNED AND AND TRYING TO USE
ALL OF OUR TOOLS AVAILABLE TO US LEGALLY IT'S JUST DIFFICULT I THINK FROM A ZONING PERSPECTIVE I TALKED EARLIER A LITTLE BIT LIKE OUR MENTALITY
IS TRYING TO CLEAN UP THE ZONING CODE AND REZONE AREAS SO THAT THERE ARE ESSENTIALLY NATURAL INCENTIVES IN PLACE FOR PROPONENTS TO COME IN AND FEEL
GOOD ABOUT OFFERING HOMEOWNERSHIP PROJECT. YOU KNOW WE'RE WE'RE DOING OUR BEST THERE OBVIOUSLY, YOU KNOW, WE GOT A LONG WAY TO GO SO YOU
KNOW AND KNOW WE REALLY APPRECIATE YOUR OFFICE'S SUPPORT IN THAT AND IN THOSE INITIATIVES AND WE LOOK FORWARD TO WORKING WITH YOU IN THE FUTURE ON IT. THANK YOU. YEAH, AND I JUST HAVE TO
CONTINUE TO ADVOCATE AND I KNOW YOU KNOW, WITH EVERYONE ON THIS PANEL WE HAVE BEEN WORKING TOGETHER ON PUSHING HOMEOWNERSHIP. SO THANK YOU TO YOU KNOW, MY WAGE THE PLANNING DEPARTMENT
MAHA AND ALSO THE VHA FOR INVESTED MORE IN TRYING TO DO MORE THROUGH HOMEOWNERSHIP. MY LAST QUESTION. CHAIR MY LAST QUESTION DOESN'T HAVE TO EVEN BE ANSWERED.
JUST JUST WOULD LOVE TO SEE A BREAKDOWN LIKE A SIDE BY SIDE COMPARISON OF SOMEONE WHO PURCHASED A HOME AFFORDABLE HOMEOWNERSHIP MAYBE LIKE IN
2010 OR 2015 VERSUS SOMEONE WHO PURCHASED AN AFFORDABLE JUST TO KIND OF SEE LIKE SIDE BY SIDE, YOU KNOW, PAYMENT RIGHT HOUSING PAYMENT AND THEN WHAT THAT
INDIVIDUAL PURCHASED A HOME, WHAT THEIR EQUITY WOULD HAVE BEEN AND IN 15 YEARS SO THAT YOU KNOW I THINK IT WOULD BE A GREAT VISUAL FOR THE PUBLIC AND
COUNSELORS TO SEE. SO WITH THE BENEFIT CLARIFICATION SO WHAT THEY'VE BEEN WHAT THEY HAVE PAID IN HOUSING COSTS RIGHT IN A SORT OF A STABLE HOME OWNERSHIP VERSUS RENTING AND SOMETHING
THAT WOULD POTENTIALLY ESCALATE . RIGHT. OKAY. YEAH, WE COULD DO THAT. AWESOME. OKAY. THANK YOU. SURE COUNSELOR WEBER. THANK YOU.
YEAH, I I'M NOT GOING TO TAKE THE 6 MINUTES BUT THERE'S I KNOW IN THE PRESENTATION WE TALKED ABOUT THERE'S SOME INFORMATION ABOUT HOME REPAIR
AND YOU KNOW, THERE WAS A STORY I READ ABOUT PHILADELPHIA RECENTLY THAT HOW PEOPLE THEIR HOMEOWNERSHIP RATES ARE HIGHER THERE I THINK THAN THEY ARE HERE AND THERE'S LOTS OF FOLKS
WHO CAN'T AFFORD TO FIX THEIR HOMES. I KNOW WE DO HAVE SOME PROGRAMS HERE. DO YOU KNOW DOES ANYONE FEEL CHIEFTAIN FEEL CONFIDENT, KNOW ANYONE TO TESTIFY TO TALK ABOUT
THE PHILADELPHIA PROGRAM AND HOW YOU KNOW BECAUSE I THINK THEY'RE ACTUALLY GIVING THERE'S THERE'S THERE'S IT'S A LARGE DOLLAR FIGURE YOU KNOW IN THE TENS OF MILLIONS OF DOLLARS
THAT AND THEY HAVE GRANTS UP TO LIKE $30,000 TO HELP PEOPLE WHO JUST HAVE HOLES IN THEIR ROOFS AND YOU KNOW, WHAT ARE WE DOING HERE IN BOSTON TO MAKE SURE PEOPLE WHO GET INTO THESE YOU
KNOW OR HAVE A HOME HERE CAN STAY IN THEM AND AREN'T HAVING TO SELL BECAUSE THEY CAN'T AFFORD THE REPAIRS? SO I DON'T KNOW ABOUT THAT PROGRAM BUT I RECENTLY MET WITH THE PHILADELPHIA GROUP IN REGARDS TO THE DECARBONIZATION
STRATEGY. SO I'M GOING TO GO BACK AND LEARN MORE. SO THANK YOU FOR FOR REALLY RAISING THAT. SO I WILL PROMISE YOU I WILL GO BACK AND CHECK BUT WHAT WE'RE
DOING THROUGH OUR HOMEWORK SO WE HAVE OUR HOMEWORK PROGRAM AND WE PROVIDE A HOME FINANCIAL ASSISTANCE FOR HOMEOWNERS UP TO
$50,000 RIGHT FOR THREE FAMILY FOR A TWO IS 40,000 FOR A SINGLE STUDY AND FOR A CONDO IS 20. SO AND THAT COULD BE FOR ANY REPAIR THEY NEED. WE ALSO HAVE OUR SENIOR HOME
REPAIR WE CAN DO UP TO 65,000 DEPENDING ON THE PROPERTY TYPE . SO WE ALWAYS LOOK AT HEALTH AND SAFETY ON THE HOMES. I CAN TELL YOU THAT OUR PROGRAMS ARE ALWAYS BEING VERY SUCCESSFUL.
WE'RE REALLY ARE SO BUSY AND THE DEPARTMENT THAT WE GET HUNDREDS OF APPLICATIONS IN AND WE WE WE'RE ALWAYS MEETING OUR GOALS AND WE ALWAYS ARE IN THE
COMMUNITY AND REALLY ARE REACHING AND THAT'S A BIG THING IN OUR IN OUR BOSTON HOME CENTER IS HOW DO WE TOUCH TO THOSE HOMEOWNERS THAT ARE LOW TO MODERATE INCOME THAT NEED THAT ASSISTANCE AND ESPECIALLY FOR OUR SENIORS?
RIGHT. SO WE WORK WITH NONPROFIT PARTNERS THAT ACTUALLY ARE IN THE NEIGHBORHOODS THAT HELP SENIORS TO REALLY APPLY FOR OUR PROGRAMS IF THEY CANNOT COME TO US.
I HAVE TO TELL YOU I CAN'T TELL YOU THAT I EVEN HAVE A STAFF THAT HAVE BEEN ABLE TO MEET THE HOMEOWNERS AND THEIR HOMES AND PROVIDE THEM WITH THE INFORMATION NEEDED. SO WE DO ALWAYS DO OUTREACH SO
OUR PROGRAMS ARE VERY SUCCESSFUL BUT WE DO HAVE VERY GOOD PROGRAMS THAT COULD COVER ANY NEED ON THE HOME. AND IN TERMS OF THE DEMAND FOR THAT SERVICE, DO WE HAVE ENOUGH
FUNDING TO TO MEET THE DEMAND OR DO YOU HAVE TO TRIAGE THAT AND YEAH, I KNOW I THINK I THINK WE'RE WE'RE I MEAN FOR THE HOMEOWNER YEAH HOMEOWNER
PROGRAMS YEAH SO FAR WE'RE SO FAR WE'RE GOOD AS CONSTRUCTION REPAIRS OF COURSE COME WERE RAISED AND WE WILL SEE BUT AS OF THIS YEAR I THINK WE'RE GOOD
AND JUST TO SORT OF LAST FALL BUT I MEAN DO YOU DO YOU THINK HAVE YOU HEARD STORIES WHERE PEOPLE WHO HAVE TO WHO SELL BECAUSE THEY CAN'T AFFORD TO FIX THE HOUSE? ANECDOTALLY I DON'T KNOW.
DOES ANYONE IS THAT HAPPENING HERE IN BOSTON? I PERSONALLY HAVE NOT HEARD THAT IN OUR HOME SERVICES PROGRAMS EVERYONE THAT I THAT I
HAVE TALKED TO THEY REALLY WANT TO PRESERVE THEIR HOME. THEY REALLY WANT STAY IN BOSTON. SO THEY TRIED IT THE HARDEST TO STAY IN BOSTON. OKAY. YOU KNOW JUST LET STAY AND HOW
DOES THAT GET FUNDED THROUGH THE CITY SO CVG AND 2030 OPERATING BUDGET YEAH FOR A BUDGET IN CVG OKAY THANK YOU. THANK YOU CHAIR THANK YOU.
I HAD A QUICK I HAD A QUICK QUESTION. WELL WE THE BANKS STILL DO HAVE TO DO COMMUNITY REINVEST FUND OR IS THAT GONE BYE BYE DEPENDING ON YOU KNOW THEY
STILL DO THEY FEEL RESPONSIBLE FOR CIERRA YES I KNOW WHEN WHEN WE BOUGHT OUR HOME WE WE GOT A WE WERE ABLE TO GET A SECOND MORTGAGE FOR 10% OF THE BIG
MORTGAGE AT AN INTEREST RATE OF 1% TO TWO ESSENTIAL HOME REPAIRS TALKING ABOUT HOME REPAIRS IS WHAT SORT OF WHAT SORT OF PROGRAMS DOES THE
COMMUNITY REINVESTMENT SO MUCH HOUSING WE WORK WITH MONTHS HOUSING MY MOTHER HOUSING DOES HAVE A PROGRAM THAT IT'S A LOW INTEREST RATE IT'S NOT A 1% BUT IT'S IN THE FIVES THAT THEY COULD PROVIDE ASSISTANCE FOR
HOME REPAIRS. WE'RE ALSO ARE WORKING CLOSELY WITH FIVE LENDERS TO PROVIDE ASSISTANCE FOR 80 USE SO THEY CRAFTED THIS PROGRAM TO REALLY
THE NECESSITY OF THE CITIES BUT IT'S STILL I MEAN THEY STILL HAVE TO PAY THE INTEREST AND BASICALLY IS THE HE LOCKS OR LINE OF CREDITS THAT THEY'RE USE BUT THEY DID CRAFT THE
PROGRAM FOR US FOR THE 80 YOU AND DO YOU THINK IT'S IT'S IT'S GIVING GOOD BANG FOR THE BUCK THE COMMUNITY REINVESTMENT SO THEY'RE ALWAYS LOOKING FOR IT SO THEY KNOW THAT OUR TARGET
POPULATION IS LOW TO MODERATE AND WE HAVE THEM RIGHT. WE DO HAVE TO MODERATE SO SO THEY ARE LOOKING TO SEE HOW THEY CAN INVEST THIS AREA AND IF THEY DON'T KNOW THEN IF THEY DON'T WANT TO I ALWAYS REMIND
THEM OF THE CRA AND THE COMMITMENT THAT THEY HAD WITH THE CITY I USED TO MY MY BACKGROUND WAS IN LENDING FOR 18 YEARS SO I ALWAYS REMIND
THEM OF WHAT THEY'RE SERIOUS AND WE HAVE A GOOD ALLIED TOM CALLAHAN AND WHICH ALSO PUSHES INTO THE BANKS TO CONTINUE TO
DO THE SIERRA AND THE CITY GOOD GOOD AND I WILL LET KNOW EVERY TIME WE REFINANCE TO TRY TO GET US TO GIVE UP THAT SECOND MORTGAGE AND YOU KNOW, ROLL IT INTO THE 66% MORTGAGE AND GOING
OH, THAT DOESN'T SOUND GOOD TO YOU THEN IT'S NOT EVEN DONE THOUGH THE STATE SO COUNCILOR MEJIA. ALL RIGHT. BECAUSE I KNOW I KNOW I'M
SORRY. I DO HAVE LOTS OF QUESTIONS BUT I KNOW WE ALSO HAVE A PANEL OF THE PANEL. YES. I I'M GOING TO ASK ONE QUESTION. LUCKY YOU. I'M IT WOULD JUST BE HELPFUL
FOR ME TO UNDERSTAND THE DYNAMICS OF A CO-OP BECAUSE WE WALK INTO A SPACE 30 YEARS AGO THINKING THAT WE'RE GOING TO OWN A PIECE OF LAND, THAT WE'RE GOING TO BE ABLE TO SUSTAIN IT
BUT IT SEEMS LIKE THE CITY WE WHO THE CITY WHO WE WHO ARE THEY PAYING THEIR THEY PAYING THE BANK THEY'RE PAYING THE CITY WHO OWNS THAT PIECE OF LAND?
THE FATHER MARTIN THE COPPER. YEAH. I THINK THE CO-OP DOES AND THE CO-OP MEANS THE PEOPLE THE LIMITED PARTNER. YEAH. THE PEOPLE WHO ARE EITHER THERE BUT THEY'RE NOT OWNERS THE
EQUITY PARTNERS SO THEY REALLY TECHNICALLY DON'T OWN IT BUT THEY'RE THE PART THAT IT'S LIKE THEY ARE THE PARTNERS BUT ARE THEY A FINANCIAL SO IF YOU THEY
ALL THEY ALL THEY OWN THE DEBT BUT THEY DON'T OWN THE PROPERTY IF IF I COULD. SO MOST BUILDINGS MARKET RATE BUILDINGS AROUND HERE ARE OWNED
BY LIMITED PARTNERSHIPS, RIGHT? I MEAN IT'S IT'S RARE THAT YOU'RE GOING TO LOOK UP ANY OFFICE BUILDING OR BIG APARTMENT BUILDING. YOU'RE GOING TO SEE JOHN JONES AS AN OWNER. IT'S GOING TO BE A LIMITED AND
IT'S WHO CONTROLS THE LIMITED PARTNERS IS OWNS THAT THAT STRUCTURE NOW I'M NOT EXPLAINING IT VERY GOOD BUT SO IT'S SO IT'S IT'S IT'S IT'S
THERE'S A CO-OP IS A CO-OP LIMITED PARTNER THAT IS CONTROLLED BY THE RESIDENTS RIGHT BECAUSE WHAT THE TENSION IS RIGHT I GUESS AND MAYBE THIS IS WHERE WE CAN EDUCATE OURSELVES TO BETTER UNDERSTAND SO THAT WE DON'T CREATE
UNINTENDED CONSEQUENCES FOR PEOPLE OR HARM FOR FOLKS WHO ARE MAKING ASSUMPTIONS ABOUT THEIR INVESTMENTS OR WHAT THEY THINK ARE INVESTMENTS.
YEAH, I THINK WHAT WOULD BE HELPFUL FOR ME AND IT SOUNDS LIKE FOR YOU AND FOR OTHERS IS THERE IS THAT WHILE THERE'S NOT A LOT OF COOPERATIVES IN THE CITY, THERE ARE SOME THERE'S MARKET RATE COOPERATIVES,
THERE'S LIMITED EQUITY COOPERATIVES WHICH THIS IS I IT'S NOT LIMITED EQUITY IT WAS THAT SO YEAH THIS THIS AND THERE'S A MEMO THAT WAS DRAFTED
WHEN THIS WAS RESTRUCTURED THAT THAT LIMITED EQUITY CO-OP MODEL WAS NOT PURSUED AT THE TIME AND SO THAT IS SOMETHING THAT COULD BE CONSIDERED BUT IN ORDER TO
DO THAT THERE NEEDS TO BE AN INVESTMENT FROM THE MEMBERS LIKE A FINANCIAL INVESTMENT FROM THE MEMBERS TO THAT. THAT'S HOW I UNDERSTAND IT. I THINK THAT THERE'S MORE THAT WE COULD LOOK INTO THAT AND I KNOW THAT THEY HAVE AN ATTORNEY
THAT'S BEEN WORKING WITH THEM ON IT SO I DON'T KNOW EXACTLY WHAT THE GUIDANCE IS BUT THAT'S SOMETHING THAT IS DOCUMENTED IS SOMETHING THAT WE COULD PURSUE. WE AS IN LIKE THE STATE AND THE CITY COULD LOOK AT AND YOU YOU
KNOW, LET ME LEAVE YOU WITH THIS THEN I KNOW THAT THE THIS PARTICULAR COOPERATIVE WAS WORKING WITH A CONSULTANT. I THINK THEY'RE STILL TRYING TO
SORT SORT OUT YOU KNOW WHAT THE FUTURE BOTH THE EXISTING DEBT EXPENSES FAIR HOUSING CHARGES THAT THE CITY IS GOING TO
CONTINUE TO WORK WITH THEM AND MAKE OURSELVES AVAILABLE TO SORT THIS OUT I GUESS. AND THEN THE LAST THING THAT I JUST WILL SAY IS THAT IF MY ASSUMPTION IS IF SOMEBODY IS
PAYING A MORTGAGE THAT THEY ARE THE OWNERS RIGHT AND THAT THEY'RE IF THEY'RE PAYING 1.7 MILLION NOW FOR FOUR YEARS IT JUST SEEMS IS THAT IS THAT TRUE?
IT I BELIEVE THE LOAN IS DUE IN 44 RIGHT 2044 BUT SO THEY THEY SO IF YOU IF I OWN A HOME I'M THE MORTGAGE HOLDER.
I OWN THE HOME AND I OWN I OWN THE PROPERTY. WHEREAS THIS PARTICULAR SCENARIO WITH THE CO-OP THEY HAVE A MORTGAGE THEY ARE PAYING FOR THE MAINTENANCE.
THEY'RE DOING EVERYTHING BUT YET THEY'RE NOT FULLY OWNERS, THEIR OWNERS THEY ARE AND WE DON'T KNOW THE OWNER THEY ARE THEY'RE WE DON'T HAVE ANY OWNERSHIP STAKE IN THESE. I THINK THAT THE OWNERS I THINK
THAT IS I'M CONFUSION ABOUT BUT THAT'S OKAY THE LAWYERS THAT ARE HERE WILL PROBABLY HELP ME UNDERSTAND WHO OWNS THIS PROPERTY BECAUSE I JUST WANT TO MAKE SURE THAT I UNDERSTAND
THIS FULLY IF I'M HAVING A HARD TIME UNDERSTANDING IT, MAYBE IT'S BECAUSE I DON'T LIVE THERE. I DON'T KNOW. THAT'S WHY WE WERE HOPING THAT WE COULD GET A BETTER UNDERSTANDING BECAUSE THERE SEEMS TO BE A DISCONNECT IS A COMMUNICATION GAP RIGHT HERE
RIGHT NOW BETWEEN THE RESIDENTS AND THE CITY AND THEN WHO OWNS THE DEBT, WHO OWNS THE PROPERTY ,WHO OWNS THE EQUITY? YOU KNOW IT JUST A LITTLE BIT. WE HAVE THE DEBT WE HAVE THE DEBT ON THE PROPERTY.
YEAH. AND THE EQUITY I THINK MAYBE AND WE'VE TALKED ABOUT THIS A LITTLE BIT IS CAN THE RESIDENTS TAKE OUT ANY OF THE EQUITY FROM THE PROPERTY TO PAY OFF THE THE
MILLIONS OF DOLLARS THEY OWED OR THEY CAN REFINANCE OR DO WHATEVER SO THEY COULD REFINANCE INTO TWO WITH THE BANK AND ANOTHER BANK COULD, YOU KNOW, TAKE ON THAT LOAN AND
REPAY US. I MEAN THAT'S SO YOU GUYS ARE THE LANDLORDS YOU JUST PAY US. SO I MEAN YOU'RE WORKING WITH THE LENDER WITH A LENDER THAT WAS ABOUT THEIR HUH YOU ARE THOUGH. SO WE'RE WE'RE THE LENDER.
IT'S LIKE IF YOU'RE A HOMEOWNER AND YOU HAVE A MORTGAGE YOU ON THE HOME BUT THEN THE BANK OR THE LENDER HAS A MORTGAGE ON THE PROPERTY. IT'S THE SAME FOR US. WE HAVE A MORTGAGE ON THEIR PROPERTY. WE HAVE A PROMISSORY NOTE ON THEIR PROPERTY BUT WE DON'T OWN THE PROPERTY.
VERY INTERESTING. MY TIME IS LIKE SO UP AND WE HAVE ANOTHER PANEL TO GO THROUGH AND WE I'M JUST GOING TO BE, YOU KNOW, A I APPRECIATE THIS LEARNING JOURNEY THAT I'M GOING ON. WE ARE SO COMMITTED TO MAKING
YOU UNDERSTAND HELPING YOU UNDERSTAND FOR US TO UNDERSTAND THIS AS WELL. RIGHT? I KNOW I KNOW THIS IS WE ARE LIKE I SAID BEFORE AND I'LL SAY IT AGAIN WE ARE COMMITTED TO WORKING WITH THE CO-OP TO TO ENSURE THAT THAT IT'S A RESOURCE FOR THEM AND IT'S A
RESOURCE FOR THE CITY FOR THE YEARS TO COME. SO RYAN IS GOING TO WORK WITH THEM. WE'RE GOING TO WORK WITH THEM. IT SEEMED LIKE THE LAST CONSULTANT DIDN'T COME TO A RESOLUTION SO WE'LL KEEP AT IT. OKAY YOU THANK YOU.
THANK YOU. THANK YOU SO MUCH. THANK YOU FOR ALL OF THE PANELISTS HERE OF THE ADMINISTRATION AND AND FOR
HILLARY FOR MY HER I'M A BIG MY AND WE DID THOSE HOMEOWNERSHIP CLASSES YEARS AGO WITH MY HOUSE. SO THANK YOU.
THE NEXT PANEL SHOULD BE DO SOME SMALL YES BUT BEFORE COMING SO BEFORE WE GO TO THE
NEXT PANEL WE WILL HAVE TIME FOR PUBLIC TESTIMONY. UM, LET'S SEE DO WE HAVE ANYONE SIGNED UP FOR PUBLIC TESTIMONY
LONG TERM SENATOR BAUCUS AND IS THERE ANYONE IS THERE ANYONE ONLINE THAT SHE'S DEALING WORK
ALONE BUT ETHAN, I UNDERSTAND
THAT SENATOR DIANNE WILKERSON MIGHT BE AN WAITING TO TESTIFY
. SHE WAS ON THE PANEL. IT WAS GOOD THAT'S IN THE SENATE. OKAY.
SHE WAS ON WHO SAYS THAT? SO IS THERE ANYONE WHO'S NOT ON THE PANEL WHO'S MAKE WANTS TO MAKE PUBLIC TESTIMONY HELLO TO
SOMEONE ON ZOOM? YEAH. MM HMM. IS SHE ON THE PANEL?
IS THAT I CAN'T FIND THAT I WOULD YOU LIKE TO INTRODUCE YOURSELF? I SEE YOU'RE ON ZOOM. I'M SORRY. WHERE ARE YOU TALKING TO ME? YES, I'M I'M SORRY.
CAN YOU HEAR ME? YES, YES, CAN YOU HEAR ME OKAY ? YES. YES. OKAY. YOU WOULD LIKE TO MAKE PUBLIC TESTIMONY? YES. I NEEDED TO CHANGE THE NAME. SO MY NAME IS SONAL PATEL.
SO AND ANY LAST SEEN IS PATEL. I AM YOU KNOW, ONE I'VE BEEN LISTENING TO ALL OF THIS ALL ALONG AND I MYSELF DID A FIRST TIME HOMEBUYER CLASS WITH THE CITY OF BOSTON AS A MINORITY
FEMALE I WAS LIVING IN A 700 SQUARE FOOT CONDOMINIUM WITH MOTHER AND A SEVEN YEAR OLD CHILD WHO WAS AT THE TIME STUDYING IN THE BOSTON PUBLIC
SCHOOLS AS A FIRST GENERATION IMMIGRANT. I NEEDED YOU KNOW, I WANTED TO BUILD WEALTH. EVERYTHING I'M HEARING TODAY AND LEAVE SOMETHING BEHIND SO MY CHILD DOESN'T START FROM
SCRATCH. SO I PURCHASED A NEW CONDOMINIUM UNIT OUR NEW NEW CONDO CONSTRUCTION IN SOUTH BOSTON LOCATED CLOSE TO ANDREW
STATION AND AGAIN LOCATION WAS CRITICAL BECAUSE I WAS A SINGLE PARENT I HAD A CHILD WHO'S I QUINCY ELEMENTARY SCHOOL WAS CLOSE TO HOME AND THE ULTIMATE
GOAL WAS THAT MY SON WHO WAS SOUTHERN WOULD HAVE A ROOM OF HIS OWN AND COULD GROW AND STAY IN BOSTON TO ATTEND THE BOSTON PUBLIC SCHOOLS.
THE BUILDING AT THE TIME IT WAS BUILT WAS ASSESSED BY THE CITY AT ABOUT 6.6 MILLION IN 20 1733
CONDO BUILDINGS WERE SOLD. I BOUGHT MINE AT THE TIME AT $1,000,000 MARKET RATE IN 2016
IN ABOUT 2017 AFTER ALL THE UNIT WERE SOLD, OWNERS BEGAN TO REALIZE THERE WERE MASSIVE INFILTRATION ISSUES AND I WATER
LEAKS, ROOF LEAKS WATER INFILTRATION THROUGHOUT MANY UNITS IN THE CONDO IN AFTER EIGHT YEARS OF WE ARE STILL
PAYING MILLIONS OF DOLLARS AS OWNERS IN FIXING A LEMON BUILDING SOMETHING WHERE THE BUILDER WITH A REAL ESTATE
LAWYER KNEW HOW TO PLAY THE CORPORATION SHELL GAME WALKED AWAY WITH MILLIONS AND WE WERE STUCK WITH A DEFECTIVE PRODUCT
ASSOCIATION AND THE LAWYERS, YOU KNOW, GAVE US BIG HOPES, BIG STORIES THAT THEY WOULD WIN MILLIONS IN BECAUSE THERE WERE MASSIVE DEFECTS AND COURT
CASES, YOU KNOW, AND AT THE TIME I WAS VEHEMENTLY AGAINST IT BUT I NOT HAVE THE RIGHT TO SAY ANYTHING BECAUSE I WAS JUST ONE OF THE FEW THAT WAS AGAINST
YOU KNOW, THE BIG PICTURE ARE THE BIG DREAMS THAT THE LAWYERS AND THE ASSOCIATION WERE TELLING US DURING COVID IN
2020. THE ASSOCIATION AND THE LAWYERS FILED A LAWSUIT WITHOUT INFORMING UNIT OWNERS TELLING US HEY, YOU KNOW, I HAD TAKEN
OUT AN ARM ON MY BUILDING THAT IF YOU DON'T HAVE YOUR FINANCE STRAIGHTENED OUT YOU WON'T BE ABLE TO REFINANCE. WE CAN'T SELL IT WAS FILED AT
THE BEGINNING OF A MASSIVE PANDEMIC LIKE COVID. I AS AN INDIVIDUAL HAD EXCELLENT CREDIT NO OTHER DEBT
MY CONDO IT'S MY ONLY DEBT HERE I AM EIGHT YEARS LATER NOW IN FORECLOSURE BECAUSE NO ONE WE
HAVE A LARGE PERCENT OF THE OWNERS ARE INVESTMENT INVESTORS THE ASSOCIATION MEMBERS ARE MALE MEMBERS WHO ARE WELL-TO-DO
AND IT NO ONE CONSIDERED THE ASSOCIATION NOR THE CONSIDERED THE INDIVIDUAL RIGHTS OF ALL UNIT OWNERS WITHIN THE CONDO BUILDING AND HOW THE LAWSUIT
WOULD AFFECT US FINANCIALLY AND POTENTIALLY GET US TO THE POINT OF LOSING OUR HOME DOCUMENTS. BUT MS. PATEL THANK YOU. CAN YOU CAN YOU FINISH MY SON
IS IN THE 11TH GRADE. HE ATTENDS THE BOSTON PUBLIC SCHOOLS TODAY I'M PAYING 40 $600 BECAUSE MY BANK I CAN'T EVEN WORK WITH MY BANK ON MY
MORTGAGE. NO ONE IS FINANCING THE BUILDING. NO ONE IN THE 33 UNITS ARE ABLE TO SELL. WE'RE NOT ABLE TO REFINANCE.
MY SON IS IN THE 11TH GRADE AT ONE OF THE EXAM SCHOOLS. WE ARE NOW PAYING $2,000 A MONTH IN CONDO FEES 4600 A
MONTH IN MY MORTGAGE JUST TO KEEP MY HOME SO THAT I CAN BE THE WEALTH THAT EVERYONE IN THIS ROOM IS TALKING ABOUT HOW ANY OF THIS MY FAULT AS AN
OWNER. THANK YOU. THANK YOU, MS. PATEL. THANK YOU. THANK YOU FOR THIS SHARING YOUR STORY. THIS IS VERY DISTURBING.
THANK YOU. NEXT UP WE HAVE A CURRENT CLERK
WHO'S GOING TO BE ON ZOOM. CAN YOU HEAR ME?
KAREN?
GOOD AFTERNOON, KAREN. UM, CAN YOU HEAR ME?
GOOD AFTERNOON. KAREN, CAN YOU HEAR ME OKAY?
UM, LINGLE MOVE ON THE SENATE. IT, UM I UNDERSTAND SENATOR DIANNE WILKERSON'S AN HONOR IN
WAITING. SENATOR WILKERSON CAN YOU HEAR ME? THERE YOU GO. GOOD AFTERNOON, SENATOR WILKERSON. GOOD AFTERNOON, COUNSELOR. HOW ARE YOU? THANK YOU.
THANK CHAIR. THANK YOU FOR COMING TO TESTIFY . YOU'VE GOT 2 MINUTES. I'LL START THE CLOCK WHENEVER YOU'RE READY. THANK YOU. I BEEN LISTENING SINCE THE
BEGINNING AND I JUST WANTED TO SHARE THIS WITH YOU FIRST. THANK YOU TO YOU AND COUNSELOR HERE FOR HOSTING US ALMOST A YEAR AGO ACTUALLY A LITTLE OVER
A YEAR AGO IN SEPTEMBER I WAS PHYSICALLY PRESENT IN THE CHAMBER AND THE COUNSELOR HOSTED A MEETING ON HOUSING AND DEBT RESTRICTIONS AND JUST WANT
TO SHARE A COUPLE OF THE THINGS THAT HAVE BEEN SAID IN RESPONSE THE MOST. THE IMMEDIATE PAST TESTIFYING A VERY TOUCHING STORY YOU'RE GOING TO HEAR I THINK THINK MORE OF THAT.
WHAT I THINK IS THAT THE CITY OF BOSTON HAS AN INCREDIBLE ARRAY OF SERVICES THAT THEY HAVE PUT TOGETHER AROUND PEOPLE WHO SEEK HOMEOWNERSHIP. WHAT I WHAT I ALSO BELIEVE IS
THAT WHEN THINGS END WHEN THEY GO WELL, THEY GO WELL. WHEN THINGS DON'T GO WELL THERE IS NOT A PROCESS OR MUCH RECEPTIVITY TO ADDRESSING THIS. THERE'S AN ASSUMPTION THAT ALL
HOMEOWNERS ARE LOOKING TO CAPITALIZE AND RAISE EQUITY AND BAIL AND BAIL OUT. I THINK I HEARD THE COUNCILOR TALK ABOUT THAT AND SEVERAL OF THE COUNCILORS TALKED ABOUT THAT IN TERMS
OF EQUITY. NOT EVERYBODY WANTS TO BE A HOMEOWNER SOLELY FOR THE PURPOSE OF CASHING OUT IN THE END. I WOULD SAY I TO SUPPORT THE RESTRICTIONS I THINK OF THE
CITY OF BOSTON WHERE ANY COMMONWEALTH ASSISTS SOMEONE IN MAKING THE MOST BIGGEST IMPORTANT PURCHASE IN THEIR LIFE THAT THEY SHOULDN'T BE ABLE TO FLIP IT KNOW IN A WHILE BUT BUT HOMEOWNERSHIP IS THERE
FOR A PURPOSE AND I THINK EVEN MORE IMPORTANT TODAY GIVEN WHAT'S HAPPENING IN WASHINGTON THAN IT WAS TEN YEARS AGO. IF YOU ARE NOT ABLE TO TAKE
ADVANTAGE OF EQUITY BUILDS OVER TIME THEN THE WHOLE POINT OF HOMEOWNERSHIP IS LOST. AND AS WE ARE RUSHING TO INCREASE THE POPULATION OF PEOPLE ABLE TO TAKE
ADVANTAGE OF THIS OPPORTUNITY IN BOSTON, WHAT YOU'RE ALSO DOING IS CREATE A BUILDING THE NUMBER OF PEOPLE WHO DON'T HAVE ANY ACCESS TO CASHING OUT TO
SEND THEIR CHILDREN TO COLLEGE. THAT'S THE STORY THAT I HEARD FROM THE RESIDENTS IN MISSION HILL. I CAN'T SEE IF THE COUNCILOR FROM MISSION HILL OR OR DORCHESTER ARE STILL THERE
BUT THEY BOTH SPOKE TO SOMETHING THAT'S VERY IMPORTANT . THE CITY OF BOSTON HAS SOME PROGRAMS THAT THEY OFFER BY THE WAY, THAT ALLOW ONE GROUP OF HOMEOWNERS TO CASH OUT AND
AFTER TEN YEARS AND DIG RESTRICTION AND ANOTHER GROUP OF HOMEOWNERS WHICH MIGHT BE YOUR NEXT DOOR NEIGHBOR HAVE TO WAIT FOR 30 YEARS. THE DIRECTOR KNOWS THAT ONE
OF THE PROBLEMS THAT THE CITY IS FOLLOW UP IS THIS IS DEALING WITH IS THAT THE HOMES THAT WERE BUILT IN THE CITY OF BOSTON IN THE EARLY 2000S UNDER MAYOR MENINO VERY AGGRESSIVE PROGRAM WITH THE 30
YEAR DEED RESTRICTIONS. NONE OF THE HOMEOWNERS ACTUALLY SIGNED PAPERWORK IN THEIR CLOSINGS RIGHT NOT WERE NOT TOLD AND THE DIRECTOR REFERRED
TO THAT ALLUDED TO THAT AND SHE'S RIGHT EVEN SHE BELIEVES BECAUSE SHE RELAYED TO ME TWO YEARS AGO THAT EVERY ONE OF THE 44 HOMEOWNERS THAT BOUGHT IN THE BROMLEY HEATH AREA IN
MISSION HILL BETWEEN 2000 AND 2004 SIGNED A LANGUAGE ACKNOWLEDGING THE EXISTENCE OF THE 30 YEAR DEED RESTRICTION. NOW WE KNOW THAT'S NOT TRUE. COUNCILORS IN FACT NOT ONE
OF THOSE HOMEOWNERS DID BECAUSE THERE WAS NOT ANY ANY LANGUAGE, ANY DISCUSSION BY THE ATTORNEYS OR THE CITY ATTORNEY WHEN THEY SIGNED. AND SO HERE WE ARE STUCK. RIGHT. SO WE'VE GOT TO DEAL WITH THAT.
I PERSONALLY REPRESENTED THE THE RESIDENTS OF BOTH CHARLENE PARK LIMITED EQUITY CO-OP AND BROWN KAPLAN CO-OP, BOTH LIMITED EQUITY ONE IN ROXBURY,
ONE IN DORCHESTER. I'M HAPPY TO SHARE WITH THE COUNCIL I'M HERE WITH YOU ABOUT THEIR EXPERIENCE. THEY'RE STILL THERE SO THIS CAN WORK. I DON'T FIND SO THIS CAN WORK. I DON'T FIND THE CITY TO BE
VERY RECEPTIVE TO HEAR FROM PEOPLE WHO HAVE HAD EXPERIENCE AND CAN SHARE WITH THEM WAYS TO AVOID THIS. WE HAVE TO DO A BETTER JOB OF THIS AND THEN GOING INTO COLVARD WE WERE AT 32%
HOMEOWNERSHIP BLACK HOMEOWNERSHIP IN THE CITY. ALL OF THE REPORTS I'VE SEEN SUGGEST THAT WE'VE LOST 6%. SO I'M NOT SURE HOW THE CITY TELLS YOU TODAY THAT WE'RE AT
32%. WE WERE AT 32% BEFORE COVID. WE'VE HAD A NUMBER OF FORECLOSURES. I'M SORRY COUNCILOR, I WILL SUBMIT FURTHER TESTIMONY IN WRITING BUT JUST WANT YOU TO
KNOW THAT THIS IS NOT ALL PEACHY KEEN EVEN FOR THOSE OF US WHO SUPPORT THE RESTRICTIONS. WE HAVE A PROBLEM. IT'S NOT FORECLOSING FOR THE EXCLUSIONARY ZONING.
THAT'S NOT WHERE YOU'RE GOING TO SEE IT. IT'S IN THE ASSESSMENT. THAT'S WHERE THE FORECLOSURES ARE COMING AND TO ADDRESS THAT BECAUSE THEY'RE NOT GOING TO BE FORECLOSURE IS FOR FAILURE TO
PAY YOUR MORTGAGE. THAT'S NOT WHAT'S HAPPENING IN ROXBURY. THAT'S NOT WHAT'S HAPPENING IN MISSION HILL. AND THIS WOMAN JUST TOLD YOU THE STORY. THAT'S HOW PEOPLE ARE LOSING THEIR HOUSING. THEY GET IN THERE AND THEN THEY
CAN'T PAY A $7,000 ASSESSMENT. SO HERS IS MUCH LONGER. THANK YOU VERY MUCH FOR THIS. THIS IS IMPORTANT WORK. WE LOOK FORWARD TO YOUR WRITTEN TESTIMONY AS WELL.
SENATOR, THANK YOU. KAREN CLARKE, ARE YOU AS CURRENT ROCK IN THE WAITING ROOM?
OKAY, LET'S MOVE ON TO THE NEXT THE NEXT PANEL. THANK YOU FOR YOUR PATIENCE. WOULD YOU LIKE TO INTRODUCE YOURSELVES? I'LL JUST SET THE CLOCK,
INCREASE THE TIME. GOOD AFTERNOON. I NEED TO KNOW WHO YOU'RE TALKING TO HERE. TAKE A RIGHT.
YES, I AM. OKAY. I LIKE GOOD AFTERNOON, COUNSELORS AND THANK YOU FOR THE OPPORTUNITY TO SPEAK TODAY. MY NAME IS BAILEY. NO GIFTS AND I'M THE PRESIDENT
OF THE BOARD OF DIRECTORS. I'VE LIVED IN FATHER MARTIN HOMES FOR OVER 30 YEARS AND I'M SPEAKING ON BEHALF OF OUR BOARD AND THE 34 FAMILIES WHO CALL IT HOME. FATHER MARTIN WAS BUILT IN 1993 THROUGH THE CITY OF ATHENS HOUSING PARTNERSHIP CO-OP
INITIATIVE. IT WAS ONE OF SEVERAL COOPERATIVES CREATED TO GIVE WORKING IN LOW AND MIDDLE INCOME RESIDENTS PATH TO HOMEOWNERSHIP, STABILITY AND COMMUNITY CONTROL WHILE KEEPING HOUSING PERMANENTLY AFFORDABLE
OR LOCATED ON BOYLSTON STREET OFF STREET WEST SECOND STREET IN SOUTH BOSTON. MANY OF THE ORIGINAL MEMBERS WHO FOUNDED THE CO-OP ARE STILL LIVING THERE TODAY. WE'VE RAISED FAMILIES RETIRED AND TOO DEEPLY INVOLVED IN OUR COMMUNITY.
FOR US THIS ISN'T JUST HOUSING IT'S OUR HOME. LIKE MANY LIMITED EQUITY COOPERATIVES FORMED UNDER THE LOW INCOME HOUSING TAX CREDIT PROGRAM, ALL DEVELOPMENT WAS FINANCED THROUGH A MIX OF PUBLIC AND PRIVATE FUNDING.
ONCE THE TAX CREDIT INVESTORS COMPLETED THEIR COMPLIANCE PERIOD AND EXITED ALL OWNERSHIP RESPONSIBILITIES INCLUDING DEBT REPAYMENT AND PROPERTY UPKEEP SHIFTED FULLY TO THE RESIDENT MEMBERS. UNLIKE RENTERS, OUR MEMBERS ARE
LIMITED EQUITY PARTNERS WHO COLLECTIVELY OWN THE MAJORITY OF SHARES AND SHOULDER THE FULL COST OF MAINTAINING AND OPERATING OUR COMMUNITY. WE COVER ALL MAINTENANCE AND PROPERTY MANAGEMENT SALARIES FUND MAJOR CAPITAL REPLACEMENTS
LIKE BOILERS, ROOFS, BUILDING SYSTEMS AND PAY FOR ALL ONGOING COSMETIC AND STRUCTURAL UPKEEP LANDSCAPING REPAIRS, FLOORING REPLACEMENT AND MORE. EVERY DOLLAR COMES DIRECTLY FROM THE MEMBERS CARRYING
CHARGES IN OUR COOPERATIVE BUDGET NOT FROM OUTSIDE SUBSIDIES. THE STRUCTURE REINFORCES THAT FURTHER MOUNTAIN RESIDENTS ARE NOT TENANTS BUT EQUITY HOLDING PARTNERS INVESTED IN LONG TERM STEWARDSHIP AND SUCCESS OF OUR
COOPERATIVE. FOR ME PERSONALLY, FATHER MARTIN PROVIDED A HOME FOR MY GRANDMOTHER WHO BECAME A SINGLE MOTHER OF FOUR GIRLS AFTER LOSING THEIR FATHER A VIETNAM VETERAN TO PANCREATIC CANCER. LATER BECAME A HOME FOR MY
MOTHER WHO RAISED ME AS A SINGLE MOM AND FOR THREE GENERATIONS IS COOPERATIVE WITH MY FAMILY AND MANY OTHERS STABILITY, OPPORTUNITY AND COMMUNITY. OUR COMMUNITY IS MADE UP OF A DIVERSE GROUP OF PEOPLE WHO IN SPITE OF HARDSHIP AND ADVERSITY
HAVE CONTINUED TO SERVE AND STRENGTHEN THE CITY OF BOSTON. THESE ARE PEOPLE WHO KEEP OUR NEIGHBORHOODS RUNNING THE CROSSING GUARD TO MAKE SURE YOUR CHILDREN GET TO SCHOOL SAFELY. THEY ARE BETTER DRIVERS WHO MAKE SURE YOU GET TO WORK SAFELY.
THE FRONT LINE ESSENTIAL WORKERS WHO RISK THEIR OWN HEALTH TO MAKE SURE THE BOSTON RESIDENTS HAVE ACCESS TO CARE AND RESOURCES DURING THE COVID 19 PANDEMIC. THEY ARE THE NUNS WHO MAY HAVE TAUGHT YOUR KID CLASSES SHUT UP
TO STAY FIT. THE FIREFIGHTERS WHO SHOW UP TO MAKE SURE YOU'RE OKAY WHEN YOUR LIFE IS ON THE LINE AND THE TEACHERS AND NURSES AND CITY EMPLOYEES WHO MAKE BOSTON THE CITY WE LOVE. THEY'RE NOT JUST RESIDENTS OF THIS COOPERATIVE THE
BACKBONE OF OUR COMMUNITY. WE REMAIN COMMITTED TO PRESERVING THIS MODEL AND ENSURING THAT FATHER MARTIN HOMES CONTINUE TO REPRESENT AFFORDABLE COMMUNITY LED HOMEOWNERSHIP IN BOSTON. NOW TO SHARE MORE ABOUT THE CURRENT CHALLENGES WE'RE FACING
AND HOW THEY THREATEN THIS LEGACY. I'LL TURN IT OVER TO OUR TREASURER KATIE I SO GOOD AFTERNOON COUNCILORS. COULD YOU PLEASE SAY YOUR NAME FOR THE RECORD AS WELL WHEN YOU
INTRODUCE YOURSELF? MY NAME IS KATIE NARDUZZI AND I'M CURRENTLY THE TREASURER OF THE BOARD OF DIRECTORS. I'VE LIVED A FATHER IN HOMES FOR 31 YEARS HAVING MOVED IN AS A CHILD AND GROWN UP THERE. OVER THE PAST SEVERAL YEARS OUR
COOPERATIVE HAS FACED INCREASING FINANCIAL CHALLENGES THAT THREATEN OUR LONG TERM STABILITY. FIRST, WE STILL CARRY MULTIPLE CITY LOANS FROM THE ORIGINAL DEVELOPMENT SOME OF WHICH WERE DISCUSSED HERE EARLIER TODAY.
OUR REPAYMENT OF THESE LOANS IS NOW THE RESPONSIBILITY OF THE COOPERATIVE AFTER THE INVESTOR EXIT AS WELL AS THE CONFUSION REGARDING WHETHER WE ARE OWNERS OR RENTERS AS WE JUST WITNESSED FIRST HAND EARLIER A FINANCIAL
PLAN ADOPTED SEVERAL YEARS AGO REQUIRED 7.25% ANNUAL CARRYING CHARGE INCREASES UNTIL REACHING THE MAXIMUM LA TSI LIMITS. WHILE THAT PLAN MAY HAVE LOOKS SOUND ON PAPER IT WAS UNWORKABLE FOR RESIDENTS LIVING
ON FIXED OR LIMITED INCOMES. THANKFULLY THE CITY ALLOWED US TO FREEZE CARRYING CHARTERS FOR 2025, GIVING US TIME TO EXPLORE FAIRER, MORE SUSTAINABLE OPTIONS. OUR INTERNAL REVIEW FOUND THAT
ABOUT 20% OF OUR RESIDENTS SEVEN HOUSEHOLDS ARE EXTREMELY LOW INCOME PAYING MORE THAN HALF OF THEIR INCOME TOWARDS THOSE CARRYING CHARGES AND UTILITIES. MANY ARE ELDERLY OR DISABLED ORIGINAL MEMBERS WHO RELY
PRIMARILY ON SOCIAL SECURITY. A RECENT CAPITAL NEEDS ASSESSMENT IDENTIFIED OVER $4 MILLION IN REPAIRS OR REPLACEMENTS NEEDED OVER THE NEXT 20 YEARS FROM ROOF REPLACEMENTS AND HEATING SYSTEMS TO ACCESSIBILITY
IMPROVEMENTS AND EXTERIOR REPAIRS. THESE COMBINED PRESSURES LEAVE US IN A DIFFICULT POSITION. WE MUST KEEP HOUSING AFFORDABLE FOR RESIDENTS WHILE ALSO FINDING A WAY TO REPAY THE CITY AND PRESERVE THE BUILDINGS FOR
THE LONG TERM. TO EXPLAIN HOW WE'RE ADDRESSING THESE CHALLENGES AND WHAT PARTNERSHIP WITH THE CITY COULD MAKE POSSIBLE, I'D LIKE TO INTRODUCE MY NEIGHBOR AND FELLOW BOARD MEMBER ROXANA HIDALGO. GOOD AFTERNOON COUNCILORS.
MY NAME IS ROXANA HIDALGO, MEMBER OF THE BOARD OF DIRECTORS AND I HAVE LIVED A FATHER TO YOU MARTIN HOME FOR 31 YEARS EVEN WITH THE
CHALLENGES WE FACE, OUR CO-OP IS STRONG AND COMMITTED TO FINDING REAL SOLUTIONS ONE TO PROTECT BOARD OUR RESIDENTS AND IN CITIES AND BASEMENTS AND
DOES SUPPORT THE GOAL. WE BOUGHT A CHAIR AND KEEPING A BOSTON PLACE WHERE WORKING PEOPLE CAN JUST AFFORD TO LIVE . AS I MENTIONED EARLIER, WE ARE PROUD OUR COMMUNITY INCLUDED
INCLUDE TEACHERS AND TO TRAIN DRIVERS D D TD GARDEN USHERS CITY OF BOSTON EMPLOYEES CREATE A FAIR RENT STRUCTURE TO KEEP
TO KEEP HOMES AFFORDABLE WHILE HONORING THE OWNERSHIP MOTTO. WE WERE FOUND UNDER AND A HARDSHIP POLICY A HARDSHIP POLICY TO SUPPORT MEMBERS
FACING MEDICAL OR FINANCIAL CRISIS. AND AS THE CITY THE SUPPORT TO SUPPORT THIS EFFORT BY GRANTING ANALYSIS AND GRANTS AND FUNDING
TO SUPPORT COMMUNITIES AS A ABILITY SUCH AS TRANSLATORS, DISABILITY ACCOMMODATIONS ETC. ETC. LIBERTY EQUITY CO-OPS LIKE
OUR LIKE OURS ARE PART OF THE SOLUTION TO BOLSTER HOUSING CRISIS. WITH THE RIGHT SUPPORT WE CAN HELP WORKING FAMILIES BUILD ROADS, STABILITIES AND PRIDE
OF OWNERSHIP IN THE NEIGHBORHOOD THEY LOVE. WE ALSO ASK THAT THE CITY SUPPORT THIS EFFORT EFFORT BY GRANTING US ACCESS TO FUNDING
AND GRANT TO IMPROVE COMMUNITY ACCESSIBILITY SUCH AS FIREFIGHTERS, FIREFIGHTERS, HOSPITAL WORKERS, ADMINISTRATIVE PROFESSIONALS, GRAPHIC DESIGNERS, SERVICE
INDUSTRY WORKERS AND STUDENTS PEOPLE WHO MAKE THIS CITY RUN EVERY SINGLE DAY. IF WE CAN BUILD A TRUE PARTNERSHIP WITH THE CITY, OUR
CO-OP CAN CONTINUE TO PROVIDE THIS RESIDENTS THE BACKBONE OF BOSTON WITH A STABLE, AFFORDABLE HOMES AND REAL PATH TO OWNERSHIP THROUGH THE
LIMITED EQUITY MODEL. OUR PROPOSAL WOULD ADJUST THE TERMS OF OUR CITY LAWS SO PAYMENTS MERGE WHILE THE CO-OP
CAN REALISTIC AFFORDS RESOURCES FOR TRANSLATION, DISABILITY ACCOMMODATIONS AND OTHER INCLUSIONS NEEDED SO THAT EVERY MEMBER OF THAT CO-OP CAN FULLY
PARTICIPATE AND THRIVE FOR THE TERRITORY. ONE GAS PRIVATE MINE HOMES HAS SHOWN THAT CO-OP OWNERSHIP WORKS. WE ALL HOPE IT CAN KEEP WORKING
FOR TODAY'S FAMILY AND FOR THE GENERATIONS TO COME. THANK YOU. THANK YOU. NEXT WE HAVE HEATHER COOK.
HEATHER COOK? YES. PLEASE INTRODUCE YOURSELF AND DISCLOSURES. YES, ABSOLUTELY. GOOD AFTERNOON. MY NAME IS HEATHER COOK. I JUST WANT TO THANK YOU. COUNCILOR BREADON AND
COUNCILOR WERE HERE FOR ALLOWING US THIS PLATFORM TODAY. SO MY NAME IS HEATHER COOK. I AM A LIFELONG RESIDENT BY WAY OF THE SOUTH END. I WAS BORN INTO EMINENT DOMAIN AND GENTRIFICATION IN THE
1960S. PARCEL 11 A IN 11 BE OF THE SOUTH END WERE SOLD WHICH DISPLACED 100 RESIDENTS. 116 DARTMOUTH STREET WAS MY PARENTS HOME. THEIR HOME WAS TAKEN BY EMINENT DOMAIN.
BASED OFF OF URBAN RENEWAL AND IT WAS INTENDED TO BE A PARKING LOT IN 1968 ACTIVISTS INCLUDING MY PARENTS JUN AND RICHARD COOK ACCOMPANIED MEL KING AND OTHER
PROTESTERS FORD FOR A FOUR DAY PROTEST. THE PROTEST WAS SUCCESSFUL AND THEN CONVERSATIONS WOULD CONTINUE FOR ABOUT 20 YEARS. IN 1979 THE TENT CITY TASK
FORCE WAS FORMED. FROM THERE THEY ORGANIZED A GOVERNMENT 5A1C3. HOWEVER, THE CAVEAT TO THAT WAS THERE WAS NO REQUIREMENT FOR
EXECUTIVE OVERSIGHT FAST FORWARD TO 1988. THE CONSTRUCTION OF TENT CITY 269 UNITS THAT WERE INTENDED TO BE AFFORDABLE HOUSING AND A MODEL FOR WHAT AFFORDABLE
HOUSING SHOULD LOOK LIKE WAS SUPPOSED TO BE FOR MIXED INCOME INDIVIDUALS FIRST AND ALSO INCLUDING FAMILIES AND IN SINGLE INDIVIDUALS. I JUST WANT TO RESTATE THAT I AM A NATIONAL ACTIVIST AND
ORGANIZER BECAUSE OF THE VILLAGE THAT I COME FROM. MY PARENTS AND ACTUALLY BEING UNDER THE TUTELAGE OF MEL KING TO BETTER UNDERSTAND MY ASSIGNMENT AS IT RELATES TO MY COMMUNITY.
SO IN PART OF SERVING MY COMMUNITY AT TENT CITY I STARTED OFF AS A TENT CITY TEEN AND THEN FROM THERE I SERVED ON THE TENT CITY CORPORATION BOARD AS I WAS ON THE BOARD I SERVED
IN OFFICER ROLES THAT INCLUDED THE CHAIR. NOW IN DOING SO I UNCOVERED CONCERNS OF MALFEASANCE, FRAUD AND EMBEZZLEMENT. I SERVED MULTIPLE NOTICES TO SENSOR CHAIRS WHERE THE
RESPONSE WAS EITHER RESIGNATION OR SILENCE. SO WE CAN FORWARD OVER TO 2022 WHERE I ORGANIZE RESIDENTS AND INCLUDED THEIR VOICES IN THE CREATION OF TWO PETITIONS THAT
INCLUDED HUNDREDS OF RESIDENTS SIGNATURES FOR ANSWERS AND SAID MISAPPROPRIATION OF FUNDS, MALFEASANCE AND LACK OF TRANSPARENCY INTO $200 MILLION THAT SPANNED OVER 20
YEARS. THERE WERE ALSO CONCERNS ABOUT THE NEW PROPERTY MANAGEMENT COMPANY THAT WERE BROUGHT IN WITHOUT THE KNOWLEDGE OF THE MEMBERSHIP.
THIS RESULTED IN MASS EVICTIONS AND WHISPERS OF A $70 MILLION REFINANCE FOR CAPITAL NEEDS IMPROVEMENTS. SO STILL IN 2022 I LED TO
PUBLIC PROTESTS AND GATHERED MEDIA ATTENTION AND WE ACTUALLY HAD THE PRESENCE OF SOME OF THE CITY COUNCILORS THERE IN SUPPORT MY FATHER RICHARD COOK
AT THE TIME HE WAS BATTLING STAGE FOUR CANCER BUT HE LED HE LED THAT PROTEST AND HE WAS ON THE FRONT PAGE OF THE HERALD IN
THE TITLE WAS ONE LAST BATTLE. FAST FORWARD TO 2023 I FOUNDED AND BECAME THE PRESIDENT OF TEN CITY TENANT ASSOCIATION. UNFORTUNATELY TEN CITY CORPORATION REFUSED TO
ACKNOWLEDGE US AND THAT RESULTED IN A CEASE AND DESIST BECAUSE THE ASSOCIATION WAS BEING DISPARAGED SO MUCH SO WHAT I'D LIKE TO ADD IS FAST
FORWARD AND THIS IS AFTER OUR PREVIOUS CONVERSATIONS CONCILOR MEJIA HERE AT SOME OF THE TEN CITY BOARD MEMBERS CAME FORWARD BECAUSE THEY HEARD ABOUT THE HEARING AND STARTED TO BECOME CONCERNED AND I'D
LIKE TO SHARE WHAT WAS SHARED WITH ME ALSO VIA EMAIL IF ANYBODY IS LOOKING FOR THAT INFORMATION. WHAT WAS REPORTED TO ME WAS THAT ACTUALLY LET ME JUST GO
BACK. SO I HAD MENTIONED WHERE I HAD THE PUBLIC PROTESTS WITH REGARDS TO THE CONCERNS AROUND THE REFINANCE.
WHAT ENDED UP HAPPENING WAS THE BOARD RECEIVED THE REFINANCE. WHAT WE FOUND OUT WAS THROUGH THE BOARD MEMBERS THAT THERE IS NO KNOWLEDGE OF WHERE THE MONEY WENT PRIOR TO THEM GETTING THE
REFINANCE. THERE WAS NO MORTGAGE TO THE PROPERTY. WHAT WAS REPORTED TO ME THAT THE ONLY IMPROVEMENT WAS A LUXURY RENOVATION TO ONE OF THE OFFICER'S HOMES.
WHAT I ALSO FOUND OUT WAS THAT THE MORTGAGE HAS NOT BEEN PAID IN TWO YEARS. WHAT I WAS ALSO INFORMED WAS THAT THERE ARE CITY OFFICIALS WHO HAVE KNOWLEDGE OF THAT. WHAT I WAS ALSO INFORMED WAS
THAT THERE ARE CONCERNS OF TEN CITY GOING INTO RECEIVERSHIP. I WAS ALSO INFORMED THAT THERE ARE DEBIT CARDS THAT ARE CONNECTED TO CORPORATE ACCOUNTS. WHAT I WAS ALSO INFORMED THAT THERE ARE EMAILS OF WHICH I'VE
RECEIVED WHERE EMAILS HAVE BEEN SENT WITH CONCERNS WITH THE WORDING OF STEALING MONEY. NOW I AM HERE TO ASK ALSO FOR
THE SUPPORT FROM THE CITY COUNCIL FOR TENT CITY. THERE IS A CONCERN OF THE HIGHEST LEVEL AS IT RELATES TO FRAUD AND EMBEZZLEMENT. I WOULD ALSO LIKE AS A POINT
OF CLARIFICATION AND REFERENCE I HEARD CHIEF DILLON'S RESPONSE WITH REGARDS TO THE INFORMATION THAT SHE RECEIVED. I'M CONCERNED THAT SHE'S BEEN MISINFORMED.
I SAY THAT BECAUSE OF THE MANY MASS EVICTIONS I SAY THAT WITH REGARDS TO THE HABITABILITY. I SAY THAT BECAUSE OF THE CONTINUED DOCUMENTS SAID LACK
OF TRANSPARENCY. I ALSO SAY THAT WITH REGARDS TO THE FACT THAT THERE ARE ALSO LAWSUITS FROM THE ATTORNEY GENERAL'S OFFICE. AND SO WHAT CHIEF DILLON HAD MENTIONED WITH REGARDS TO THE
ACCOLADES OF THE STEPS THAT TENT CITY CORPORATION HAS MADE. WELL, I JUST LIKE TO REMIND THE ROOM THAT EVERYTHING THAT WAS MENTIONED WITH REGARDS TO RESPONSIBLE ACTIONS ON BEHALF
OF THE TENT CITY BOARD, THEY WERE ACTUALLY MANDATED BY THE ATTORNEY GENERAL'S OFFICE AND THAT WAS BASED OFF OF A DISCRIMINATION LAWSUIT. SO I WOULD JUST LIKE TO HAVE MAKE SURE THAT THAT'S ALL ON RECORD AND ASK AGAIN THAT THE
CITY COUNCIL DO WHATEVER THEY CAN TO ASSIST TENT CITY TO MAKE SURE THAT WE CAN MAINTAIN THE LEGACY OF TENT CITY AND MAKE SURE THAT NO MORE RESIDENTS LOSE THEIR HOUSING.
THANK YOU. THANK YOU. SO WE MOVE TO QUESTIONS.
I MAYBE TO A RESET OR HEALING OR WE DON'T NEED THAT ONE PIECE OR OUR WAY. I'LL TAKE THOSE.
OH NO, I'M NOT GIVING YOU HALF AN HOUR. WHAT DO YOU WANT ME TO HAVE? LET ME GO. 6 MINUTES. VERY GOOD. ALL RIGHT. THANK YOU FOR YOUR TESTIMONY. THANK YOU. THANK YOU. DO YOU WANT TO YOU WANT YOU
WANT TO YOU COULD GO FIRST. YOU HAVE ONE QUESTION. ONE QUESTION. I SEE. ALL RIGHT. I'VE GOT 12 MINUTES THEN. THANK YOU, COUNSELOR WEBER. YES, I'LL IN TROUBLE.
DAVID. SO FIRST OF ALL. THANK YOU. I KNOW IT IS NOT EASY TO SHOW UP ANYWHERE OFTENTIMES TO SPEAK TRUTH TO THE SITUATION AND IN
IN THE FACT THAT WE HAVE TO FEEL LIKE WE ARE IN CONSTANT LIKE WE'RE NOT SURE IF WE'RE GOING TO STAY OR WHAT'S GOING TO HAPPEN IS SCARY. RIGHT. AND ALSO TO BE IN CONSTANT FIGHT MODE IS EXHAUSTING.
AND SO I JUST WANT TO ACKNOWLEDGE THAT FOR BOTH GROUPS THAT THAT HAVE TESTIFIED THUS FAR INCLUDING SENATOR WILKERSON WHO WAS ALREADY IN THE CHAMBER FOR ANOTHER ISSUE
EARLIER THIS YEAR. SO I JUST WANT TO ACKNOWLEDGE ALL OF THAT, WHICH IS ONE OF REASONS WHY WE WANTED TO BRING YOU ALL HERE AS A COLLECTIVE VOICE BECAUSE I THINK REGARDLESS OF WHAT THE
ISSUE IS, THERE IS A UNDERLYING THEME HERE IN TERMS OF COMMUNICATION, IN TERMS OF ENGAGEMENT AND IN TERMS OF SEEKING FLAHERTY. SO I JUST WHAT YOU KNOW, THERE'S AND SOME OF IT HAPPENED
WAY BEFORE THIS ADMINISTRATION AND SOME OF IT HAPPENED WAY BEFORE A PREVIOUS ADMINISTRATION. SO WE ARE INHERITING A SITUATION THAT HAPPENED WAY BEFORE SOME SOME OF THE FOLKS
THAT WERE EVEN IN THIS ROOM WE'VE BEEN BORN. RIGHT. AND SO LIKE IT'S ONE OF ACKNOWLEDGE THAT IT'S IT'S A LOT OF HISTORICAL CONTEXT AND THAT'S WHAT WE'RE TRYING TO GRAPPLE WITH.
SO I'M GOING TO ASK YOU HAVE A YOU A PEPPERED TESTIMONY. YEAH. I JUST WANT TO ALSO SHE WAS
THIS WAS OH YES. WE ASKED EARLIER WE ASKED DO YOU WANT TO YOU WANT YOUR 2 MINUTES? CERTAINLY. HOLD ON. WE'LL GIVE YOU 2 MINUTES. NO, NO, I CAN I CAN WAIT.
WE KNOW YOU DON'T YOU DON'T SIT THERE WILL GIVE SOMEONE DOES
WANT TO KNOW FOR THE RECORD THAT I STILL GOT MY TIME AND IF IT LOOKS LIKE OKAY, WE COULD DO YOUR TESTIMONY IS WE'RE JUST
GOING TO SIT OVER HERE. NO, SHE GETS TO STAY RIGHT THERE. THAT'S PUBLIC TESTIMONY. OKAY. YOU CAN START WITH YOUR NAME. EXCUSE ME.
SWITCH YOUR MICROPHONE ON YET MAKE SURE YOU TAKE HER PUBLIC TESTIMONY TO ENSURE I KEEP THAT GOING. THANK YOU. THANK YOU TO THE ADMINISTRATION FOR STAYING A LITTLE BIT LONGER.
WE APPRECIATE YOU ALL. THANK YOU. KNOW WE APPRECIATE YOU. THANK YOU. IF YOU'D LIKE TO INTRODUCE YOURSELF, I APOLOGIZE. I ASKED IF THERE WAS ANYONE
HERE WHO NEEDS TO BECOME PUBLIC SO I OBVIOUSLY I MISSED THE SO YOU HAVE THE FLOOR AND 2 MINUTES AND LET ME JUST CHECK IS YOUR MICROPHONE WORKING? YES. HELLO. OKAY. EXCELLENT.
WONDERFUL. AH GOOD AFTERNOON. AH CONTRAST THANK YOU FOR GIVING ME THE OPPORTUNITY TO SPEAK. MY NAME IS A REGION BUT MY
NEIGHBOR CALLED ME HELEN. I'VE BEEN LEAVING FOR ROXBURY PACE KIND MAN FOR MANY YEARS AND I WANT TO SHARE MY EXPERIENCE AS HOMEOWNER WHO HAS
TO STRUGGLE WITH UNFAIR TREATMENT AND AND SAFETY CONDITION OVER THE PAST SEVEN YEAR OUR ECONOMY HAS FACING
MANY SYRIAN PROBLEMS A DANGEROUS TREE LIA MY UNIT WAS LEAVING LET LIVE AND WE MOVE
EVEN AFTER THE BENCH FILLED MOTORBIKE TIME I WAS TOLD TO PAY THOUSANDS OF DOLLAR IN SUPPLEMENTAL FREE FOR TREE
REMOVAL YET THE TREE WAS NEVER CUT INSTEAD OF PROTECTING US THE MANAGEMENT COMPANY AND A TREE TO IGNORE THE DANGER I
DEEPLY INTERFERE EVERY TIME I STOP CHRISTMAS AND OTHER ISSUE IS 40 IN OUR BASEMENT COST BY
TRENCH TO THE TO THE GUTTER AND A TREE SYSTEM WE ALTCOIN SHOUTING DULY HONOR THE TREE SO
TO OUR AND RETIRED TO THE WATER TO WALK MY FRONT DOOR HEAVY RAINS SEND WATER POUR LIGHTER
WATER PAUL FORDING THE BASEMENT EVEN WASHED THOSE IMPORT IMPROPER DRAINAGE CHANGE CREATE
A DANGEROUS ICE IN THE WINDOW I SLIP AND FELL TWICE ONE INJURE MY HEAD AND AND BEG AND OTHER
INJURIES MY NECK DORSI INJURY IT COULD HAVE BEEN PREVENTED OF THE POLE PARCHED MAINTENANCE AND SAFETY MEASURE MEASURE WE
ARE TAKEN FINANCIAL FINANCIALLY I HAVE PAID MY CONDO FREE ARE FAITHFUL FOR EVEN TEN YEAR BUT
I WAS SUCH ADDITIONAL SUPPORT SUPPLEMENTAL FREE WE WERE LOST
OR EXPEND A PATIENT OVER $24,700 FROM THE LAP BE TREAT JULY 22 AND AUGUST 25 THERE IS
NO TREND TRANSPARENCY IN HOW HIS MONEY WAS YOURS. WHEN I ASK THE QUESTION I WAS A YOU KNOW THERE IS NO CHANGE
BEARISH SAINSBURY'S IN HOW THIS MONEY WAS USED I WILL SPILL THE COFFEE EVEN WHEN I HAD ALREADY
PAID CONDO FEE WHICH I BELIEVE IS UNFAIR AND WE TYLER TOTALLY UNDERSTAND WHEN I WENT FOR TREE
I WATCHED TOLD I WAS MY TRUST TRUSTEE I WAS TOLD I WATCHED NOT SAY LEFT BUT NO BOUGHT OR WE SELL WE ARE EVEN SOLD I
BELIEVE THIS IS UNFAIR AND THIS SCREAMING MAD TERRY EXPRESS ESPECIALLY AGAINST ELDERLY OWNER AND TOAST WHO DO NOT
SPEAK ENGLISH FOR FOR FOR VOTING THIS IS SO HAVE COST ME GREAT DRESS STRESS BOTH
FINANCIAL SO AND EMOTIONALLY I HAVE EVEN THE MEETING HOW CARE FOR INSIDE ANXIETY AND SLEEP PROBLEM I LEFT MY HOME BUT
INSTEAD OF FEELING SAFE AND WITH RESPECT TO I FEEL WHAT WE BUY THE EVERY PEOPLE WHO ARE SUPPORT TO REPRESENT US.
I AM HERE TO ASK THE CITY COUNCIL ARE TO TAKE ACTION. WE NEED THE OVERSIGHT OVER THE CONDO AND COAL OR NEST CHANGE
TEMPORARY CHANGE PARIS IN DEFIANCE SO THIS TIME AND A COMMANDING ABILITY FROM MANAGER AND COMPANY COO HANDLE MILLION
OF DOLLAR OF THE HOMEOWNER MONEY IT COULD MEAN THE ABILITY AND DIGNITY NOT FEAR AND IT
EXISTS EXPO PATIENT THANK YOU FOR LISTENING TO MY STORY AND FOR STAND UP AND WESTERN ME AND
THEN YOU'RE NOT ONLY ONE YOU ARE ONLY JULY 22 AND AUGUST 25
I PACE SUPPLEMENTAL FLEET IS TEN TWO 4007 $700 AND THANK YOU THANK YOU WE HAVE THANK YOU FOR ALL THIS DOCUMENTATION AND
OF COURSE FROM HERE I THANK YOU CUSTOMER HERE YOUR TIME IS OKAY ALL RIGHT THANK YOU HELEN LOOK
AT YOU YOU KNOW YOU LOOK AT HELEN AS WALKING ALL THE CHANCE TO DO ANY OF THIS. ALL RIGHT, THANK YOU. OKAY. HOW WOULD I LOOK?
THESE PHOTOGRAPHS HELEN WAS WALKING AROUND AND SHE OWNS THIS CHAIN. BUT HELEN, WE DON'T DO THAT HERE. WHAT IS OKAY, YOU DID IT ALL RIGHT? SO WE'RE WE'RE REACHING THE END
OF OUR TIME TOGETHER AND I WANT TO BE MINDFUL OF HOW LONG SOME OF YOU ARE WAITING TO TESTIFY. THERE WAS A REQUEST TO ALLOW THE ADMINISTRATION TO GO FIRST. MY COLLEAGUES HAD LOTS OF QUESTIONS FOR THE ADMINISTRATION.
SO SORRY THAT WE ARE STILL HERE HOLDING YOU HOSTAGE. I AM CURIOUS BECAUSE SOME OF THE THINGS THAT I'M HEARING ON FROM TENT CITY IS AROUND SOME OF THE GOVERNANCE
STRUCTURE AND SOME OF THE DISCREPANCIES IN SOME OF THE JUST BAD BEHAVIOR. IT SEEMS FROM THE GOVERNANCE PIECE OF THINGS. AND THEN ON THE FATHER MARTIN,
THERE'S A LOT OF ISSUES AROUND THE FINANCIAL RESPONSIBILITY THAT AFTER 30 YEARS THAT YOU HAVE NOW TO ASSUME. SO I KIND OF WANT TO TACKLE THOSE TWO ISSUES SEPARATELY.
SO I'M GOING TO START WITH FATHER MARTIN IN YOUR TIME OVER THE LAST 30 YEARS, HOW MANY CAN YOU IF YOU HAPPEN TO REMEMBER HOW MANY TIMES HAVE YOU BEEN IN COMMUNICATION WITH THE CITY
OF BOSTON REGARDING YOUR FINANCIAL GOALS STATE I WOULD SAY BASICALLY NOT REALLY THAT
MUCH EARLY START UP WHEN THE LAW FOR THE 1.70 I START UP THAT'S WHEN WE START SEEING THE CITY THAT OKAY SO ON AND OFF
NOW NOT FREQUENTLY BUT ON THIS 2020 FIRM WHAT ARE WE 25 RIGHT YEAH 24 AND 25 THAT'S WHAT WE HAVE SEEN THE CITY VERY OFTEN. OKAY SO FOR AND JUST FOR THOSE FOLKS WHO ARE NOT IN THE
CHAMBER THERE'S SOME FOLKS AND THE BEHIND THE SCENES AND NOTING THAT MAYBE TWO TIMES OR OVER LIKE MAYBE TWICE OVER THE LAST 30 YEARS THAT YOU'VE HAD SOME COMMUNICATION AND
ENGAGEMENT WITH THE CITY JUST SO THAT I'M CLEAR MEAN YEAH BUT WE HAVE TO WAIT ONE SECOND THAT WAS MAKE YES SORRY REGARDING THE FINANCES. THAT'S CORRECT. BUT REGARDING PRETTY MUCH THE
OWNERSHIP ISSUES THAT WE'VE TALKED ABOUT TODAY THAT YOU WITNESSED FIRSTHAND THE VERY UNCLEAR CIRCUMSTANCES AROUND. WE HAVE TO STRESS THAT WITH EVERY ADMINISTRATION FOR THE PAST 30 YEARS OF WELL I SHOULDN'T SAY 30 IS 20 YEARS
AND SO INVESTORS EXITED AND CAN YOU TELL US OVER THE LAST FEW DECADES WHAT HAS BEEN COMMUNICATED TO YOU ABOUT YOUR STATUS?
VERY LITTLE TO EVERYTHING AT THAT TIME I CAN ANSWER THAT WHOEVER COULD ANSWER SO WHEN WE
STOOD UP A FATHER WHAT TO YOU MEAN AND WHAT IS IT 19 9091 FOR 95 WE WERE OFFERED WE SIGN INTO THE POOL.
WE WERE ELECTED THAT THE THE UNIONS WERE IN AS THEY WERE GOING ON AND THEN WE WE WERE
TOLD TO DO WE WERE CALLED INDIVIDUALLY BY A MEMBERS THAT WERE RUNNING DON'T ASK ME THEIR NAME BECAUSE I REALLY KNOW BUT THEY ARE ON OUR BOOKS. WE HAVE THE NAMES.
THEY TOLD US THAT WE WERE GOING TO BE THE OWNERS. THAT'S A GO UP AND WE WERE GIVING LIKE A DOWN PAYMENT. MY WAS $531 I WAS REMEMBER THAT
SO AND ABOUT WE WERE THE OWNERS OF THE PROPERTY AND WE PAID THE MORTGAGE A DOES HOW IT WENT OVER ALL THIS YEARS WE BELIEVE THAT UNDER THE CITY CAME IN AND
TOLD US SOMETHING DIFFERENT THAT WE'RE NEVER GOING TO BE THE OWNERS ONCE AGAIN BECAUSE THIS IS VERY INTERESTING AND HEATHER I'M GOING TO GO TO YOU ABOUT I'M JUST CURIOUS ROXANNE,
IF YOU COULD JUST TELL ME WHEN WHEN YOU SAID THE CITY SO IT SOUNDS LIKE UP UNTIL RECENTLY YOU WERE WORKING WITH A DIFFERENT SET OF UNDERSTANDING. THAT'S RIGHT. OKAY. AND SO WHEN THIS WHEN THIS
PARTICULAR ADMINISTRATION OR WAS IT UNDER MAYOR WALSH AT WHAT POINT DID YOU START QUESTIONING YOUR STATUS? WE START QUESTIONING OF OUR
STATUS OF OUR OWNERSHIP AND B THE OWNERS AND B WHO WHO WE WERE THE A CO-OP WHEN THE CITY IS STEPPING FOR THE LAW. WHAT YEAR WAS THAT?
2018 MAYBE THEY START OUT WITH THE PAPERWORK AND THERE WAS A TRANSACTION DONE THAT WAS NOT COMMUNICATED TO THE TO THE COMMUNITY AND THEY DID THE AGREEMENTS AND AND THAT'S WHY
HOW WE SAW IT WE SAW OURSELVES AND WE DON'T KNOW WHAT'S HAPPENING AND RIGHT NOW I'M HEARING THAT WE ARE JUST PARTNERSHIPS OR WE DON'T OWN NOTHING.
WE'RE NOT THE OWNERS OF THE PLACE. WE'RE EVEN THOUGH WE PAY A MORTGAGE SO DOES DOES DOES WHAT I'M HEARING RIGHT NOW.
OKAY. NOW THAT'S WHAT WE'RE ALL HEARING. I MEAN LIKE WE CAN WATCH THE TAPE LATER TO REALLY SAY LOOK WHAT WHAT DID THEY REALLY SAY BECAUSE I'M STILL A LITTLE BIT CONFUSED BUT IT'S FINE. WE'RE GOING TO GET TO THE
BOTTOM OF THIS WHICH IS WHY WE'RE HAVING THIS ON THE RECORD SO THAT WE CAN UNDERSTAND WHAT WE NEED TO DO DIFFERENTLY AS WE CONTINUE TO HAVE THESE CONVERSATIONS BECAUSE WHAT WE DON'T WANT IS A SCENARIO IN WHICH YOU ARE WALKING INTO AN
ENTERING AN AGREEMENT THAT THEN MORPHS INTO SOMETHING ELSE AND BECAUSE THERE'S BEEN SEVERAL CHANGES OF ADMINISTRATION I THINK THE COMMUNICATION HAS NOT
BEEN CONSISTENT AND I THINK IT HASN'T BEEN CLEAR BUT BUT I DID HEAR MY BUZZER AND I WANT TO ASK ONE QUESTION TO TELEPHONE SO TENT CITY NOW AND AND THEN
SOSA SHE'S COUNCILOR BREADON SAID I'M FINE I'M A GO BACK TO FATHER MARTIN IN A MINUTE BUT HEATHER, YOU HAD MENTIONED THAT THERE WERE SEVERAL FOLKS HERE WHO WERE WAITING TO TESTIFY ARE WAITING TO BE HERE AND LEFT BUT YOU DIDN'T GET TO FINISH THAT
THOUGHT. AND I'M JUST CURIOUS WHAT WHAT WERE WHAT WERE YOU WHAT WAS HAPPENING FOR THE FOLKS WHO DID COME AND DID NOT END UP STAYING WITH RICK? YEAH.
YEAH. JUST CONCERNS FEARS I THINK IT WAS SCHEDULED CONFLICTS WAS A REASON WHY THEY HAD TO LEAVE BUT FOR THE MOST PART EVERYBODY
SHARES A A THE BELIEF THAT THERE IS A CONCERN THAT WE MIGHT LOSE OUR OUR HOMES AND THAT WE'VE BEEN HOODWINKED AND WE'VE BEEN RUN AMOK AND THIS IS WHERE WE ARE RIGHT NOW AND AND
SO SOME OF THE THINGS THAT I HEAR WHEN FOLKS ARE DEALING WITH SITUATIONS THAT ARE STRESSFUL OR TENSION IS THAT THERE'S A FEAR OF RETALIATION. YES. THAT FOLKS FEEL LIKE WELL, YOU
KNOW, I'M STARTING GOOD TROUBLE, YOU KNOW, SPEAKING UP . YES. AND I'M JUST CURIOUS BECAUSE YOU'VE BEEN A VOCAL VOICE IN TENT CITY KIND OF IF YOU COULD JUST HELP US UNDERSTAND KIND OF THE DYNAMICS THAT YOU'VE HAD TO OVERCOME.
ABSOLUTELY. SO NOW PRIOR TO THE NEW MANAGEMENT COMING IN IN 2019, THIS WAS A PROCESS THAT A FIGHT THAT WAS INTERNAL AND I WAS FOLLOWING THE BLUEPRINT THAT WAS PASSED DOWN TO ME FROM MY
ELDERS. RIGHT. BUT I WASN'T GETTING ANYWHERE AND SO WE WERE REALLY FORCED INTO THE FRONT LINES TO REALLY HAVE TO INCORPORATE THE CITY.
IN FACT CHIEF DILLON RECEIVED THIS PACKET IN AUGUST OF 2022 AND THERE WERE CONVERSATIONS WITH HER BUT IT SEEMED AS THOUGH THERE WAS IT WAS
DISMISSED AND MINIMIZED AND KIND OF JUST LEFT WHERE IT WAS AT THERE ARE THERE IS HEARSAY ABOUT WHY THAT HAPPENED BUT I WON'T GET INTO THAT. BUT DEFINITELY SCARE TACTICS.
WE HAD A MURDER ON THE PROPERTY AND I HAD TO BE ON FOX 25 NEWS AND SHARE THE STATEMENT THAT IT SHOULDN'T TAKE A MURDER TO GET THE LIGHTS AND THE CAMERA AND THE SECURITY CAMERAS ON.
THE YOUNG MAN WHO WAS MURDERED WAS JASON MURRAY AND THERE WAS NOTHING DONE ABOUT IT AND SO THESE ARE THE TYPES OF THIS IS THE DARK UNDERBELLY OF TENT CITY AND THE CONCERN IS THAT PEOPLE ARE USING MEL KING'S
NAME AND THE LEGACY TO ALLOW THIS BEHAVIOR TO CONTINUE. WHAT SO WHAT WE'RE DEALING WITH THE TENT CITY IS THERE'S THIS GOAL TO GET ALONG MENTALITY. IF YOU'RE ON THE RIGHT SIDE THEN YOU GET WHATEVER YOU WANT.
IF YOU'RE NOT, THEN WE'RE GOING TO WE'RE GOING TO POINT YOU OUT AND WE'RE GOING TO OSTRACIZE YOU LIKE WE'VE DONE TO HEATHER. BUT I WILL SAY THAT THERE HAVE BEEN POINTS IN TIME AND YOU KNOW, PEOPLE TEND I DON'T KNOW IF IT'S HUMAN NATURE THEY COME
TO ME WHEN WHEN IT WHEN IT SEEMS AS THOUGH IT'S GOING TO HIT THE FAN HENCE THE BOARD MEMBERS THAT CAME FORWARD AND SHARED INFORMATION TO ME TO BRING ME UP TO DATE FOR WHERE THEY ARE RIGHT NOW. AND SO I WAS ABLE TO GATHER ALL
THESE SIGNATURES. SO IT'S NOT JUST ME SAYING THIS IS WHAT'S HAPPENING. THERE'S HUNDREDS OF SIGNATURES AND WHEN YOU LOOK AT THE PROPERTY THERE'S 269 UNITS. BUT IF YOU GO BACK AND MATCH
THE SIGNATURES, HOW MANY OF THEM HAVE BEEN EVICTED ON A MASS LEVEL BECAUSE THEY WERE TRYING TO GET JUSTICE FOR TEN CITIES SO THAT TENT CITY COULD BE THE PLACE THAT IT WAS INTENDED TO BE? THANK YOU. THANK YOU FOR THAT.
THANK YOU FOR THAT. AND I'M GOING TO END MY TIME WITH YOU ALL WITH I WANT YOU EACH TO REALLY THINK ABOUT WHAT YOU WOULD LIKE TO SEE AS A RESULT OF OUR TIME TOGETHER
LIKE WELL WHAT WHAT WHAT IS STILL UNANSWERED WHAT ADVOCACY YOU HAVE FOR THE FOR US TO BE ABLE TO HELP SUPPORT YOU ALL IN THIS LIKE I'M CURIOUS WHAT DO
YOU WHAT DO YOU WHAT ARE YOU HOPING FOR AND WE'LL START THIS WAY WE'LL GO DOWN THIS IS REALLY AN OPPORTUNITY FOR FOR FOLKS AS YOU'RE THINKING ABOUT LIKE WHAT DO YOU WHAT WOULD YOU LIKE TO.
ANY QUESTIONS THAT YOU STILL HAVEN'T ANSWERED OR A HOPE LIKE HOW WE CAN REPAIR THE HARM OR MAYBE WE CAN DISSOLVE THE LOAN WHATEVER IT IS THIS IS AN OPPORTUNITY FOR YOU TO GET IT ON THE RECORD.
YEAH. FOR ME IT'S YOU KNOW, IT'S BEEN MY MISSION AND MY ASSIGNMENT AND IT'S NOT A HOPE. IT'S REALLY A DEMAND THAT I HAVE TO CONTINUE TO MOVE FORWARD WITH EVEN IF IT HAS TO GO TO THE FEDERAL LEVEL. BUT WHAT WE NEED IS
TRANSPARENCY WITH ACCOUNTABILITY. WE NEED TO MAKE SURE THAT WE'RE ABLE TO SAVE TENT CITY AND THE LEGACY ASSOCIATED WITH IT AND MAKE SURE THAT THERE IS A PRECEDENT THAT SET AND MAKING
SURE THAT WE'RE HOLDING PEOPLE WHO ARE IN OFFICE ACCOUNTABLE AND NOT ALLOWING THIS COMPLACENCY OR THIS THIS THIS ASSUMPTION OF AUTHORITY WITHOUT HAVING ANY RESPONSIBILITY TO
THE CONSTITUENTS THAT ARE OUT HERE SUFFERING BECAUSE WHAT'S HAPPENED IS TEN CITY RESIDENTS ARE THE COLLATERAL DAMAGE BASED OFF OF THE GREED RESIDENTS WHO LIVE THERE BASED OFF OF A GAP
WITH THE CREATION OF THE TENT CITY CORPORATION FOR THERE NOT HAVING TO BE ANY REQUIREMENT FOR EXECUTIVE OVERSIGHT, PEOPLE ARE MAKING DECISIONS OUT OF GREED. THEY'RE MAKING IT OUT OF EMOTIONS AND THAT'S NOT WHAT
TENT CITY WAS MEANT TO BE BECAUSE ANYBODY WHO KNOWS ABOUT KING KNOWS THAT THAT'S SUPPOSED TO BE A PLACE FOR PEOPLE. I'LL END THERE. THANK YOU, HEATHER. THE CITY THE CITY YOU SAID TENT
CITY WAS THE CITY OWNED THE PROPERTY SO TENT CITY SO IT WAS ORIGINALLY TENT CITY TASK FORCE. IT'S NOW TENT CITY CORPORATION AND THEY ENTERED INTO A 99 YEAR LEASE AGREEMENT LAND AGREEMENT
WITH THE CITY OF BOSTON FORMERLY KNOWN AS THE BOROUGH. AND MY MY CONVERSATIONS WITH THE BOROUGH WAS TRYING TO GET THEM TO HOLD THE CORPORATION ACCOUNTABLE BECAUSE THERE ARE
REQUIREMENTS WITHIN THAT THAT AGREEMENT THAT THEY HAD SO THAT THEY HAD TO STAY WITHIN A MARGIN AND THERE WAS NO ENFORCEMENT THERE. THANK YOU. THANK YOU, SEAN FLAHERTY THANK
YOU. GO AHEAD. WISH HERE FOR FRIDAY WHAT DID
YOU MARTIN BE THAT THIS LAW AND CITY GET GET GET FORGIVING TO US BECAUSE WE ARE IF LOW INCOME FAMILIES AFFORDABLE HOMES AND
WE DON'T HAVE ENOUGH AND REALLY INCOME TO PAY PAID OFF THIS BIG HUMONGOUS LAWN THAT I WOULD TAKE FOREVER I WOULD BE DEAD IN 1944 I MEAN 2044.
SO BUT I WANT TO LEAVE THE LEGACY FOR WHOEVER IS GOING TO STAY IN THE COMMUNITY TO LEAVE ,FEEL SAFE AND SECURE THAT THEY WILL BE ABLE TO KEEP ON
LIVING THERE. SO THAT IS MY WE SHOULD SAY MY HEART AND I KNOW THAT'S ALL MY COMMUNITY WISH THAT THAT TAKES PLACE SO WE CAN LIVE ON AND GO
ON ON A LIFE BE ABLE TO AFFORD ARE ARE CARRYING CHARGES EVERY MONTH NOT TO BE A STRESSED OUT DOES DOES DOES WHAT YOU WERE
PAYING 531 AN ACCENT SO YOU YOU WERE PAYING FIVE 2531 BEFORE THAT WAS MY DOWN PAYMENT 531 AND HOW MUCH IN MY ROOM WAS $633 AND HOW MUCH HAS IT GONE
UP SINCE A AND SO WHEN THIS SERIOUS THAT HAPPENED 2000 I THINK MY RENT WENT UP AND SO RIGHT NOW I I'M PAYING 1700 DOLLARS SO NEXT YEAR WHO KNOWS WHAT IS GOING TO BE MADE DOUBLE
$900 I DON'T KNOW WHERE THIS IS A 7.25 THAT WE GET INCREASED YEARLY. IT'S ALREADY BRICK DOWN ON MY KNEE SO EACH ONE OF US KIND OF SET UP A PAYMENT TO MAKE
ALLOWING US MY NIECE HAS BEEN IN THE 20% OR 30% THAT WE HAVE SO WE HAVE A MANDATORY WE HAVE 7.25 THAT WE RUN 92,044 AND GOD
KNOWS WHAT IS GOING TO HAPPEN IN 2044 WHEN THE 7 MILLION KICKS IN TO THE NEW PAYMENTS. I CAN SPEAK ON THAT A LITTLE BIT TO LIKE THE 7.25% INCREASE
WHEN WE WERE TOLD THAT IN 2019 I RECALL I WAS AT THAT MEETING AND AT LEAST MY UNDERSTANDING WAS WILL INCREASE YOUR RENT BY 7.25% BUT ONLY TO THE WHERE
THEY CALL IT THE MAXIMUM HOUSING CREDIT. I AM ON A CERTAIN LIMIT AND AT THE TIME THEY KIND OF QUOTED A BALLPARK NUMBER AND I SAID
OKAY, THAT DOESN'T SEEM BAD BUT THAT LIMIT KEEPS GOING UP AND UP AND UP AND I, I FEEL IT WASN'T ACCURATELY COMMUNICATED TO US THAT THAT LIMIT WASN'T THE LIMIT THAT THE LIMIT WOULD ALSO KEEP THE GOALPOSTS WE KEEP
MOVING. SO I'VE DONE THE MATH ON THAT 7.25% AND IT DOES DOUBLE EVERY NINE YEARS EFFECTIVELY. SO BETWEEN 2019 TO 2025 WE'RE KIND OF YOU KNOW, NOT QUITE
DOUBLE I KNOW THAT. SO I MOVED IN AS A CHILD. I DON'T KNOW WHAT MY PARENTS ARE PAYING A RENT ALL OF THOSE 25 YEARS OR SO BUT I KNOW THAT
THE COST FOR THEM DID NOT INCREASE NEARLY AS MUCH AS IT HAS FOR ME SINCE TAKING OUT I'M THE PERSON WHO LIKE PAYS FOR THE UNIT NOW. AND HAVE YOU HAD A SIMILAR
EXPERIENCE? YEAH, MOST DEFINITELY SO I'VE HAD A SIMILAR EXPERIENCE AS WELL. LET ME JUST START WITH I WOULD LIKE TO SEE FROM THE CITY TO ECHO HOW THIS POINTS IS REALLY
WAY MORE TRANSPARENCY AND EXECUTIVE OVERSIGHT. THAT'S BEEN A HUGE PROBLEM WITH THAT COOPERATIVE AS YOU SAW THERE'S MASS CONFUSION NOW BUT YOU KNOW EVEN THIS YEAR WE FOUND OUT THAT OUR ATTORNEY WHO
HAS LONG REPRESENTED US WHO WE'VE HAVE FELT LIKE COULD HAVE AND SHOULD HAVE TOLD US WHETHER OR NOT WE WERE ON THOSE AND BEEN ABLE TO ANSWER THOSE QUESTIONS HAS NEVER WELL, WE WERE TOLD JUST THIS YEAR THAT HE'S ALSO A REPRESENTING THE
CITY SO THAT HE COULD NOT POSSIBLY IN HIS OWN WORDS HE COULD NOT POSSIBLY REPRESENT US IN A CASE IF THERE WAS EVER ONE AGAINST THE CITY BECAUSE IT WOULD BE A CONFLICT OF INTEREST THAT LAWYER WAS RECOMMENDED TO US BY THE CITY WHEN RIHANNA WAS
SPEAKING EARLIER TO AN AGREEMENT THAT WAS MADE TO BASICALLY NOT BECOME OWNERS AND BECOME PARTNERS INSTEAD THAT WAS WIELDED BY KEN GOULD, THE
LAWYER WE BOTH SHARE THE CITY AND THEN SO I DON'T THINK THERE'S REALLY ANY TRANSPARENCY AS FAR AS I'M CONCERNED. AND LIKE KATIE SAID, EVEN WHEN THEY ASK US, YOU KNOW, AT AN ANNUAL MEETING THEY'LL MAKE SOMETHING LOOK ONE WAY AND THEN
IT'S VERY MUCH NOT IT'S REALLY THE MORE THEY SAY THE LESS WE KNOW AND THEY HAVE US MAKING AGREEMENTS TO THINGS THAT WE CANNOT UNDO AND THEY DON'T EVEN HAVE A TRANSLATOR THERE FOR THE RESIDENTS WHO DON'T SPEAK ENGLISH, THEY'RE JUST ASKING
THEM TO SIGN ON THE DOTTED LINE WHICH HAS BEEN A PROBLEM OVER AND OVER AND OVER AGAIN FOR US. ANOTHER THING THAT THEY SAID EARLIER WAS THAT, YOU KNOW, WE SHOULD APPLY FOR VOUCHERS. WE DO APPLY FOR VOUCHERS BUT AS WE ALL KNOW, THOSE ARE NOT EASY TO GET.
THEY'RE EXTREMELY LIMITED. I WOULD LOVE TO SEE THE CITY PROVIDE VOUCHERS SPECIFICALLY TO CO-OPS LIKE OURS WITH AGING POPULATIONS BECAUSE WE ARE PROVIDING AFFORDABLE INCOME AND BECAUSE WE'RE PROVIDING AFFORDABLE INCOME HOUSING WE'RE UNDER RESTRICTIONS BECAUSE
OF THAT. SO IF WE'RE GOING TO REMAIN UNDER THOSE RESTRICTIONS, WE NEED TO FIND A WAY TO STILL MAKE SURE OUR CAPITAL NEEDS ARE BEING MET IF EVERYONE'S RENT IS GOING DOWN BECAUSE THEY HAD RETIRING GOING ON SOCIAL SECURITY, HOW ARE WE SUPPOSED
TO CONTINUE PAYING OFF THE MORTGAGE? ALSO WE HAVE LAND FOR EXAMPLE THAT WE COULD SELL BUT WE WOULD NEED THE CITY'S PERMISSION TO SELL IT AND SO FAR WE'VE NEVER EVEN BEEN ABLE TO GET THE PERMISSION TO SELL IT EVEN IN
ORDER TO PAY BACK THE LOAN TO THE CITY. SO I WOULD LIKE TO SEE ALL OF THAT BE ADDRESSED. I ALSO FOUND THE DISCUSSION EARLIER TO BE VERY ILLUMINATING WHEN YOU'RE ASKING ARE WE
OWNERS OR ARE WE PARTNERS? AND LIKE NO ONE HAD THE ANSWER TO IT. WE DON'T HAVE THE ANSWER TO IT EITHER. WE WOULD ALSO LIKE TO KNOW I THINK WE LANDED THAT YOU WERE ALLEGEDLY OWNERS OF THE BANK,
THE CITY HOLDS THE MORTGAGE AND THE MEMBERSHIP SO USE THAT TO ME IS WHERE I'M STILL LIKE IF THEY HOLD THE MORTGAGE THEY ARE TECHNICALLY THE OWNERS. YOU GUYS ARE NO GOOD BUY A HOUSE.
THE BANK HAS A MORTGAGE. YOU'RE THE OWNER OF THE HOUSE SO WHO OWNS THE HOUSE? WHO COMES SO I FEEL LIKE THIS IS LIKE MAYBE I'M SLOW, YOU KNOW, LIKE Y'ALL SHARE THAT CONFUSION.
NO, NO, I CAN GIVE YOU I CAN GIVE A LITTLE YOU HELP ME I CAN GIVE YOU A LITTLE DETAIL THAT I JUST FIND OUT MYSELF. A COUPLE OF MONTHS AGO WHEN I QUESTIONED MY MANAGER PROPERTY
IN WHICH WE PAY HIM HIS SALARY SO I ASK ABOUT THE MORTGAGE. SO I GUESS WE HAVE FOUR MORTGAGES THAT WE PAY FOR 31 YEARS NOW AS I WAS A VICE
PRESIDENT, WHEN I ASK HIM SO I ASK HIM TO PRODUCE A COPY OF THE MORTGAGE PAYMENT TO EXPLAIN IT TO ME. HOW IS THE MORTGAGE PAY? WHO WHO WHO DO WE PAY? SO HE SAID WELL YOUR MORTGAGE
IS PAID IN THIS COUPLE MONTHS AGO THIS QUESTION WAS ANSWERED TO ME YOUR MORTGAGE IS INCLUDED INTO YOUR CITY LOAN YOU HEAR THAT OUR MORTGAGE IS INCLUDED
INTO THE CITY LOAN LOAN. I SAY HOW IS THAT POSSIBLE, HUGO BOY, THAT'S THE WAY IT WAS SET OUT. BUT HE'S NEW SO HE DOESN'T KNOW TO MAKE SURE HE'S OKAY. HE SAID WELL THAT'S THE WAY IT WAS SET UP.
IT DOES IT DOESN'T MAKE NO SENSE IF WE HAVE A MORTGAGE WE PAY A MORTGAGE TO AN ENTITY, A BANK OR WHATEVER AND WE TAKE CARE THAT SEPARATE AND OUR LINE
SHOULD BE SEPARATE AN AMOUNT OF MONEY THAT WE PAY IN TO THE CITY. WHY IS OUR MORTGAGE OUR MORTGAGES INCLUDED INTO THE AC VELOCITY?
SO THAT'S AFTER THAT. WHY DON'T YOU UNDERSTAND WHY WHY WHY IS IS THERE SOMETHING TRICKY GOING ON THERE? THANK YOU FOR THAT. YEAH. YOU WANT TO SAY SOMETHING AND THEN I'M DONE. I'M SORRY.
OKAY, YOU HEAR ME? SO AS IT RELATES TO THE CAPITAL NEEDS I'M IN THE REFINANCES WITH SIN CITY IT'S A DIFFERENT SITUATION WHERE WE'VE HAD MULTIPLE CAPITAL NEEDS ASSESSMENTS SO WE'VE HAD
REFINANCES THAT WERE SUPPOSED TO BE INTENDED FOR CAPITAL. THOSE CAPITAL IMPROVEMENTS HAVE NEVER TO HAPPEN INCLUDING. THE MOST RECENT REFINANCE OUR AC HAS NOW BEEN RESIDENTS ARE
STILL LIVING IN THE SAME UNITS FROM 30 PLUS YEARS AGO LIVING WITH THE SAME BLINDS, COUNTERTOPS ETC. ETC. AND ONLY CERTAIN RESIDENTS ARE GETTING THE UPGRADES LUXURY UPGRADES.
THANK YOU. THANK YOU HEATHER YOU DIDN'T FA FA FALL FAR FROM THE TREE IF YOUR FATHER WAS OUT IN FRONT OF THAT PROTEST ALL THOSE YEARS AGO. SO THANK YOU. YES THANK YOU.
THANK YOU. THANK YOU. THANK YOU ALL FOR COMING IN THIS AFTERNOON AND SHARING YOUR STORIES AND ADVOCATING THANK YOU. THANK YOU. THANK YOU.
ANY LAST I FEEL LIKE I'VE SPOKEN TOO MUCH I I DO APPRECIATE YOU ALL SHARING YOUR ADVOCACY AND DEMONSTRATING WHAT IT LOOKS LIKE WHEN WE SHOW UP
IN THIS CHAMBER. WE HAVE TO TELL IT LIKE IT IS AND SHARE OUR CONCERNS AND OUR STORIES AND OUR QUESTIONS AND YOU KNOW OUR JOB IS TO LISTEN
AND TO FIGURE WHAT WE CAN DO COLLECTIVELY TO HELP SUPPORT BECAUSE IT DOESN'T I KNOW WHAT IT'S LIKE TO BE HOUSING INSECURE AND LIKE I THINK THAT
SOME OF THIS IS ALSO LOOMING OVER YOUR HEADS AND THEN I ALSO THINK THAT THE RETALIATION PIECE ALL OF THOSE THINGS ARE REAL SO JUST KNOW THAT WE ARE COMMITTED TO CONTINUING TO WORK ALONGSIDE YOU ALL TO FIGURE
SOME OF THESE THINGS OUT TO THE BEST OF OUR ABILITY. SO THANK YOU FOR YOUR TIME AND AND I WANT TO ACKNOWLEDGE THAT CASTLE AU CULTURE LITERACY AND LOUIJEUNE ARE YOU WOULD YOU
HAVE ANY FURTHER COMMENTS OR QUESTIONS I KNOW YOU'RE HOLDING THE GAVEL AND I HATE TO DO THIS BUT I ACTUALLY ACTUALLY DO I HAVE A QUESTION BECAUSE I REALLY DO WANT TO UNDERSTAND AND MAYBE A BIT AFTER I'M
SORRY I HAD MEETINGS AS FAR AS RUNNING IN AND OUT I REALLY DO WANT TO TRY TO UNDERSTAND WHAT'S HAPPENING TO TRY TO SEE HOW TO BE HELPFUL. SOMEONE STATED THAT THE CITY'S
THAT YOU SHOULD BE APPLYING FOR VOUCHERS AND THERE ARE PEOPLE WHO ARE CAN NO LONGER AFFORD TO STAY AT THE PROPERTY IS THAT VOUCHERS THEY COULD BE PLACED
ON THE PROPERTY OR VOUCHERS FOR THEM TO MOVE ELSEWHERE IN RELOCATION IN WASHINGTON. NO IT WOULD BE VOUCHERS TO SUBSIDIZE THE RENT THAT'S CURRENTLY BEING CHARGED TO MAKE SURE WE CAN STILL MEET OUR CARRYING CHARGES.
SO ESSENTIALLY THE CARRYING CHARGE WOULD STILL BE THE SAME BUT THEY WOULD GIVE A PORTION OF THAT SUBSIDY IN A VOUCHER FORM. AND ARE THESE PEOPLE ARE THESE RESIDENTS WHO ARE RENTERS OR ARE THEY ARE THEY PEOPLE WHO
HAVE ESSENTIALLY PURCHASED SHARES IN THE CO-OP OR A LIMITED SHARE THAT MAKES THEM OWNERS OF THE BUILDING? WELL, ONE THING THAT IS CLEAR IS THAT WE HAVE PURCHASED THE
SHOWS WE DO ON THE MAJORITY OF SHOWS IN THE COOPERATIVE SO EVERYONE WHO LIVES THERE OWNS A MAJORITY OF SHARES IN THE COOPERATIVE, ALL THE ORIGINAL FAMILIES WHICH MOST OF THE BOSTON WHICH IS WHAT MAKES THIS
LIKE A LIMITED HOME OWNERSHIP MODEL. EXACTLY. AND THEN THE CITY'S INTERSECTION IS HOW IS THAT WE OWE THEM MONEY BECAUSE THEY GAVE US A LOAN WHEN OUR INVESTORS PULLED OUT. ALL RIGHT.
SO THEY'RE LIKE THEY'RE LIKE ONE OF YOUR LENDERS. RIGHT. BUT AS JUST AS THAT HAPPENED EARLIER WITH COUNCIL OF ME WHO ASKED ABOUT THE MONEY, THEY SAID THAT WE OWED ABOUT $650,000. THEY DIDN'T MENTION THAT THAT
COMBINED WITH THE INTEREST THEY'RE CHARGING US AT 7 MILLION AND THAT WAS ONLY THE PRINCIPAL FREE OF THE LOANS. RIGHT THE FOURTH ONE AND RIGHT AND AND ARE YOU ON A ON A
MONTHLY OR A CONTINUAL BASIS PAYING THE CITY BACK SO THEY DID FREEZE THE INTEREST ON IT OR THE PRINCIPAL THE INTEREST THAT THEY FROZE THE IT PAYING BACK THE INTEREST UNTIL 2044 BUT WE'RE STILL PAYING BACK THE
PRINCIPAL. OKAY. AND HAVE YOU MET ON AN INDIVIDUAL BASIS WITH THE MAYOR'S OFFICE OF HOUSING TO TRY TO FIGURE OUT LIKE WHAT SOLUTION OR HOW TO HOW TO REACH
SOME SORT OF SOLUTION HERE JUST TO PAY THE WELL THAT'S REPRESENTED BY RIHANNA, RIGHT? SERRANO WORKS AT THE SO THAT WAS THE SOLUTION IF WE BOUGHT 25 INCREASING HER RENTS IF
RIHANNA AND SHEILA DO A LITTLE PART OF THAT THEN YES, WE RENT MULTIPLE TIMES. OKAY. BUT THAT WAS A 7.25% RENT INCREASE THAT OVER NINE YEARS BECOMES DOUBLE. SO LIKE EVERY NINE YEARS OUR
CURRENT CHARTERS WOULD DOUBLE WHICH IS BECOMING UNSUSTAINABLE GIVEN JUST LIKE OUR INCOMES PARTICULARLY FOR OUR LOWEST INCOME RESIDENTS. AND SO YOU'RE PAYING BUT YOU'RE PAYING RENT WHICH IS THE
EQUIVALENT OF BUYING INTO THE SHARES IN THE PROPERTY. YES, WE CALL THEM CARRYING CHARGES. YEAH SO SO SO WE HAVE ONE LONG LOAN THAT WE ARE PAYING RIGHT NOW.
THIS IS 1.7 MILLION. THAT'S THE ONE THAT WE'RE PAYING. THAT'S THE ONE THAT HAS 7.25. THE OTHER ONE THAT WE'RE KICKING IN 2044 IS $7 MILLION
SO WE DON'T KNOW WHAT'S GOING TO HAPPEN THERE WHICH THAT'S THE INTEREST PAYMENT. SO THE INTEREST THAT THAT LAWYER SAID ON A SLEEP MODE SLEEPING. SO I QUESTION BRIANNA WHAT'S
GOING TO HAPPEN BECAUSE WE FIND OUT ABOUT THE 7 MILLION THEY WERE NOT TELLING US BUT WE FOUND IT OUT AND THEN SHE SAYS OH, DON'T WORRY ABOUT IT NOW. NEVER MIND THAT. FORGET ABOUT IT.
NO WORRY ABOUT IT. SO THAT'S WHAT IT TOOK. SO THAT'S NOW SO WE HAD THE $7 MILLION THAT WE'RE TAKING ON 2024 AND EVERYONE IS WITH FATHER MARTIN HOMES EXCEPT FOR
OF COURSE HAVE THEIR YEAH CITY RIGHT WHICH DENSITY IS AFFORDABLE IT'S JUST AFFORDABLE RENTAL IT'S NOT IT'S SUPPOSED TO BE BUT WHAT WE'RE HEARING FROM THE BOARD IS THAT THE
MANAGEMENT COMPANY IS LOOKING TO GRANDFATHER IN THE CURRENT SUBSIDIES AND THEN MAKE EVERYTHING ELSE BY MARKET IN ADDITION TO THEIR CORPORATE RESIDENCE THAT THEY PUT ON THE TOP FLOOR AIRBNB AND HOMELESS
THAT THEY BROUGHT IN FROM MASS IN CARS. OKAY, THANK YOU. I'M WITH RESPECT TO A FATHER AND THAT IS THE END OF MY QUESTIONING. THIS IS VERY SIMILAR ISSUES
THAT HAPPENED IN MISSION MISSION WITH SOME FOLKS WHO BOUGHT DEED RESTRICTED HOMES AND THEY SAT DOWN AND WERE ABLE TO FIND SOLUTIONS DEMAND FOR HOUSING I THINK SOMETIMES WHEN THERE ARE COMPLEX ISSUES LIKE
THIS THAT INVOLVE COOPERATIVES AND LIMITED SHARES THAT I THINK IT MIGHT BE OF INTEREST TO TRY TO LIKE GET FOLKS AROUND THE TABLE TO SOLVE THE PROBLEM AND SO TO EXTENT THAT I CAN BE HELPFUL IN MAKING THAT HAPPEN, I'M I WOULD BE HAPPY TO DO SO.
THANK YOU. THANK YOU, MADAM CHAIR. THANK YOU, MADAM PRESIDENT. SO LET ME SEE WHAT NUMBER THIS IS. SO THIS HEARING ON DOCKET NUMBER 1440 IS ADJOURNED AND
THANK YOU ALL FOR YOUR PARTICIPATION IN THIS AFTERNOON. THANK YOU. THANK YOU. COME