Okay, we are going to call to order today's Fort Worth Housing Finance Corporation meeting. Um, first order of business is approval of minutes. Do I have a motion? >> All those in favor? >> Any opposed? All right, motion carries.
Next, we have written reports. If there's any questions, Matthew uh Maderno, I'm sorry, U Mero is here for any questions. Any questions? None. Seeing none. Okay. Now, we're going to move on to our action item. First action item is to consider and
adopt a resolution authorizing the sale of 2511 Mitchell Boulevard and Casey Best is here to present. >> Yes. Um so this is an exciting one for us. This is the um and we do have Matt Maddox who is here representing the buyer if there are any questions. But
this is the um sale of a property. This is one of our larger properties that we've had for the HFC and it will be we purchased it in 2009 for $57,000. The TAD appraised value is $135,000
and to get to kind of the end point it is appraised for $88,000 which is a 14 time return on our investment. Um it's 2.65 65 acres and it will allow us to buy some additional lots that we can use later for single
family housing. Um the buyer is going to it's Baylor Scott and White with Emmeris. They have a partnership where they um work together to build the property and then also manage it. This is in Renaissance Square. It will be an emergency hospital. And I don't know
that I have to go through and um sell you all on Bader Scott White. They've been in Fort Worth for quite a while and do good work here in the city. Um for this particular hospital is part of their expansion plans. This is one of four hospitals that they have um that
they're looking to develop in the Dallas Fort Worth area. It will be 20,000 square feet. It is intended to be a 247 um operations with 16 rooms and beds providing emergency care facilities which is needed for that
Renaissance Square area which also is part of our new Mitchell neighborhood improvement program. These are some of the proposed building renderings. As far as the details of the sale, it will be sold as is. The Fort Worth Housing Finance Corporation will retain
the mineral rights. The buyer will pay all closing costs. We did get an official appraisal, which is how we got to that $88,000. Um, and our recommendation is that we, you all approve the sale of the property. As mentioned, our team, if the
sale goes through, our team is working on a plan to begin identifying new lots that we can purchase with these proceeds. >> Any questions? >> Oh, I don't have a question. I just want to have some comments. I'm really excited about this project. Thank you for the work that you done and uh city
staff that did. When I met with the leadership with Baylor All Saints, uh they were extremely excited about coming on the east side of Fort Worth. And I will tell you, when I first ran for office many, many years ago, um we talked about I35 being a divider between
uh West for East forward, opportunities versus no opportunities. and to bring a hospital. This is a hospital uh that will be 247 to serve all of Fort Worth, but definitely serving those who need it the most on the east side of Fort Worth. So, I'm extremely excited about this
project uh coming to Fort Worth uh to the east side of Fort Worth, and they're ready to bring these essential services. Thank you again, city staff, for the work you guys did. Do we need to vote on this? >> Well, we've got one more. >> Okay. You want to go?
>> I was going to take a motion. I was just going to wait, but since we're breaking. So, first I need a motion on the action item for 2511 Mitchell Boulevard. >> Have a second. >> All those in favor? >> Any opposed? Motion carries. Next, I
need a motion on the Renaissance Square Emergency Hospital. That's >> right. >> I'm sorry. >> It's the same one. >> Yes. >> Okay. Sorry. All right. We're keeping on moving.
>> All right. Next up, we have Sorry, my agenda keeps Next up, we have consider and adopt a resolution for the sale of four lots in Council District 8 at 1301 East Canon Street. >> And for this item, we don't have a presentation. These are actually four
lots that you all approve us to sell back in May of 2025. At the time we sold it to Brighter Outlook. They are requesting that we actually sell it to Hope Outlook instead. And so um the action item would be to change the buyer from Brighter Outlook to Hope Outlook,
but the HFC has already approved the sale of these lots. >> Who is Hope Outlook? >> Yeah, that was my question. >> Yes. So, Hope Outlook is another entity that um the Oh, I can't think of his name. Hold on. >> Yes, there he is. Thank you.
>> Yes. >> Yes. >> Re is this a DBA under Brighter Outlook or >> this is a separate entity and we collaborate on other properties together. We have over the last several years we built homes
together. a matter of fact just finished two homes in the stop six community there on Dunbar Street. But we had been communicating with Joshua for the last oh since the original sale was. And so we wanted to make sure that we had an
understanding that hope outlook will do the financing and the funding for this and we sent all the necessary documents in as well as the uh properties that hope outlook have done before. Pastor Jack Tiea, who's sitting behind me as
well, give leadership and has given leadership to Hope Outlook in the south side of this city for the last several years. He's the pastor of the Harvard Avenue Baptist Church. And so uh but we worked on other projects and where as I
stated in the very beginning I didn't want there to be any misunderstanding that this was going to be a joint collaborhip but a lot of the finance and funding for this these four properties will be coming from hope outlook versus brighter outlook.
And I'm here to answer any questions anybody may have. Pastor Taylor, can you talk a little bit about Hope Outlook? I'm familiar with Brighter Outlook and the work that's being done. I'm not familiar with Hope. I know Reverend Taylor. I'm just not
familiar with Hope Outlook. Hope Out Hope Outlook Foundation is a nonprofit organization designed and developed to help those that are impoverished and uh that need help. We're also aligned with World uh u World
Vision. Uh we are we serve as a hub in the community of Fort Worth. Uh we uh we get an 18-wheer full of products of of different types. We were getting it from Costco and uh
each month their returns. Now we're getting them from Amazon. And what we do, we we call it Hallelujah Day. We have drive-through people come in. And so we keep uh uh products at our at our church. Uh we designed Hope Outlook
because a lot of agencies will not give to churches particularly. So we have a nonprofit and I started and created it. And so what we do uh we have emergencies uh situations uh for instance if you have a fire family uh so we're able to
give them uh air mattresses uh we're able to get them started in a uh with air mattresses uh uh uh you know pots and pans and stuff to get get them started off if their house burns down or whatever blankets and so
on and so forth to get them started again. We also are able to help uh uh batter women homes and so when they come out there we can get them started with different things of that nature. We also provide uh you know uniforms, clothing and different different type of things
to help the community in our community. That's what Hope Outlook does. And so uh uh in general we do that. We are also in the process of building uh the uh community center. Uh right now we the
plans are in front of the city in front of the city as we speak right now to help uh the youth and the seniors in our city. Uh and so building houses uh uh for uh sing uh single family members. I
was raised by uh my mother. She was a single uh parent and I know how difficult and how hard it is. God has truly blessed me. brought me from not enough to just enough to more than enough. God has truly blessed me and so in this endeavor helping Pastor Datcher
down through the years we have grown together and worked together and so building these houses have connections and I own quite I own a lot of rent houses >> in Fort Worth I think >> and uh I'm council member >> make the prices affordable for people
that are way below the prices that they uh can afford. >> I appreciate that. I think council member Hill has a question. >> Case is really for Casey. Thank you. >> Sorry. Thank you. Oh, I think >> Casey question answered. >> Oh, I have a question for Casey. Casey, this hope outlook, they're on the
approved list from the city to be developers. Correct. >> We don't have an est at least our department. We do have um different developers that we work with. We are requiring them to do like in terms of all of the affordability requirements that brighter outlook would have been required to do, they would be required
to under this sale. Okay. I was just confused what on the on the item it says to Hope Outlook approved a related entity. So I didn't know if there was an approval process or they were already >> No, that means the HFC would need to approve the entity before they could buy it. >> Okay, got it. Thank you. >> Yes.
>> Yes. Uh Casey, um I have a little concern here. Uh because I think one of the process as what Macy was getting to is we kind of work with the council member to kind of determine um the development that comes to the district and I'm very involved in all um
affordability that comes to district 8 and I've worked with uh Mr. Pastor Derer. uh I was not aware of this change and I think that all fairness we need to have a meeting uh so we can see the uh quality and the property that's going to
be built here and so I think it's important that when we have something like this type of change we should have the council member should be briefed on it prior to coming to the meeting so I'm going to make a motion uh to continue I'm going to make a motion hold on
Pastor Dra to continue this to the next um uh housing finance. So I can have opportunity to meet with Hope and uh Bren Outlook and city staff. >> Yes. >> All those in favor? >> Any opposed? All right. The motion um is
continued to the next housing finance corporation meeting. Um okay. Last but not least, we have the consideration and adoption of a resolution authorizing the purchase of six foreclosed co uh lots in council districts five and eight.
All right. >> Yes. Thank you. Sorry about that. We will definitely follow up with you, Council Member Nettles, on that sale. All right. So, our next item, so this is another um exciting advancement for the HFC. This is the first time that we are actually purchasing single family um new
sink lots that can be used for single family development. Um, we have worked with our city's property management department to identify tax foreclosed properties in the city that we think would be good sites for single family infield development. And so we are looking to purchase several different
lots. Um, once we purchase these lots, we will include these. You all may recall a few months back we presented a single family infill um program where we discussed that we would do our request for proposals twice a year to sell off existing lots that the HFC is holding.
And so these lots would be included as part of that process. Um there are lots they are in council districts five and eight. Um total price of about $150,000 when we include our contingency costs. All are currently zoned for single
family residential. Most of the lots are between 7 and 9,000 square feet. We do have one large um lot on Evans Avenue. Um and so you'll see those represented there. This slide here shows a map of the
different locations. Um and they're kind of clustered off of the um Carver Heights stop six area and then also Morningside area. And that is it for that one. Yes. >> Do I have any questions on this
particular item? >> I have a question. >> And I would add that if the HFC approves this um the HFC acquiring these lots, property management would then do a subsequent mayor and council communication getting approval to sell
the lots to the HFC. >> Go ahead, Mayor. I'm just making sure the one lot in district 8 on Evans Avenue that says it's 25,000 square feet. >> Is that correct? >> That is >> because the sales price tad value all looks about the same. >> It's A5 and it's A5.
>> We I will confirm that now. >> Okay. I'm fine no matter what. I just was curious about that. >> Any other questions? I have a question, Casey. Um, how big is the list of foreclosed properties that we were considering from
>> from the city? Oh, I don't know the exact number, but we did look at all of the lots that um, property management had. We also worked with um, Community Land Trust because they've gotten uh, they've done a lot of work to look at different areas in Fort Worth that would be suitable for single family infield
development. So, we took the lot the list of lots from property management and then worked with community land trust to identify the ones that we thought would be most um advantageous for development. >> Okay. And so the the shape that the house the structure is in is it usually
in poor shape and will need to be demolished or just like small repairs or what is that? >> These are actually um lots. So these are >> Okay. Vacant lots. Okay. Correct. Yes. Okay. >> All right. Thank you.
Okay. Any other questions? Do I have a motion? >> HSC approval. >> Can I ask a question before? >> Oh, go ahead. I thought we were done. >> Are you going to verify the lot size or that just doesn't matter? >> I'm just asking.
>> I just Googled it. >> The prices. >> Okay. >> Are we all good? We have a motion. Do we have a second? All those in favor? Any opposed? Motion carries. Do we have any future agenda items? Seeing none, there is no need for
executive session. Motion move to