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Good evening. I'd like to begin the meeting of the Metropolitan Economic Development Committee. My name is closely and service chair. And I'd like to ask my colleagues to introduce themselves starting my far left. Thank you, MR. Chaired Eric, a Hill District. 23. Thank you, MR. Cherry and Ali District 2. Thank you. MISTER Chair Jesse Brown District 13. Thank you, MR. CHAIRMAN Roberts District 4, thank MARCH Aaron Gibson District 8, Sully and emails in District 14. Thank you, CHAIRMAN. Mostly Christian Jones District 18. Thank you, CHAIRMAN. Mostly Leroy Robinson District one. Thank CHAIRMAN Maggie Lewis District 5 very good. Let's begin this evening with proposal number one to 4, which approves an

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additional appropriation of $42,000. The 2026 budget of the Marin County recorders office. The county recorders. Perpetuation fund to be used for property fraud and veterans honors and just meant. Good evening. Thank you. MISTER Chair. Good afternoon or good evening Councilmembers. But Jr, right or the deputy quarter, Marion County sitting in proxy today for a recorder. Faith kimbro. So as you alluded to last NOVEMBER, NOVEMBER, 17th 2025. There was an ordinance that was adopted. So that we would be able to invest a portion of our cash. Perpetuation, fun into an interest bearing trust, Indiana workout and partnership with the Marion County Treasurer's Office. That money, 100% of that interest money will be used is

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being used for advertisements such as Billboards, Indigo Bus radio and tv promoting the property fraud and also the veterans honors. So today we just were seeking an additional appropriation to increase our 2026 budget by the 42,000. Just so we can have physical access to those funds. The question is any questions from members of committee council Gibson. Thank you, MR. CHAIRMAN and I thank you deputy for being here. And I really appreciate that. You guys are doing something to honor veterans as a former veteran dies as as as a veteran. I appreciate you doing that look for support the proposal. Good. Any additional questions from members of committee? Yes

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Council thanks, MISTER Thank you, So am I correct to understand that this is basically a one-time fee to get you up and running and then the goal? At least we haven't addressed the council do. But the goal would be that's takes care itself. Moving forward. Great questions. So the the interests, which is about 3500 a month. The quakes to 42,000 for the entire year. So we have that money already. We just need access to it. So we have to. Having additional appropriation to the budget. Is that? Such great meeting? It's moving the money for you to access and yes, got it. So this is additional taxpayer expense. Got. Very good in additional questions. Members of the committee. Seeing none any when they put with an interest in proposal. Number one to 4. Seen in one entertain a motion. All right. And probably moved and

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seconded. All those in favor. Please signify by saying Aye. Any opposed nay. Motion carries. Thank you so much. Thank you. The next item on our agenda, suppose a number one to 7. Which directs the City County Council to except for the record, the 2026 admission for the 2025 County Year of the tax increment financing district its report. Pursuant to I c 3, 6 dash, 7 dash, 15.1 36.3 Is there anyone will be able to speak to this? He's good evening. My name is Jay McVay with the Office of Finance and Management. With me one of our budget manager managers, Jimmy Carter. I am. Using the technology to pull up our presentation with us, will get started in a second. Good evening, counselors. As a

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chick noted, I'm Jimmy Carter, budget manager with the Office of Finance and Management. I'm here today to present the tif District financial report for the 2025 calendar year. A copy of which is included in tonight's Packet. Before we discuss Hanover report, I'd like to briefly provide an overview of what tax increment finance or tif is and how it generates revenue. Tiff is an economic development tool that MAY be used to remove redevelopment obstacles that are not likely to be overcome normal operations of private enterprise. Examples of these obstacles include a lack of public infrastructure, environmental contamination and rehabilitation of existing structures. To fuses, increased assessed value or increment generated by redevelopment to pay the cost of removing these obstacles. The slide shows the life cycle of a tiff with the Gold Color Triangle represent the

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increment generated from the increase in assessed value due to redevelopment. The city receives this incremental pay debt service costs and other expenses related to economic development projects within the tif area. Units are required to file a report annually with the mayor, the units, fiscal body and the Department of local government finance ordeal Gf by APRIL 15th. This report include this report includes financial activity associated with each tiff along with other pertinent information as required by Indiana coach 36 dash 7 dash, 15.1 dash 36 dash 0.3 Tonight. I'm here to formally enter this report into the council record. This report includes statistics and summarizes the revenues, expenses and fund balances

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each tiff in 2025. Statistics in this report include the establishment and expiration dates of each shift. They're outstanding debt and the number of parcels assessed and assessed value associated with each In total. 51 tips were active in Indianapolis in 2025. These tips are revenues of 157 million dollars and expenses of 217 million dollars for a net position. Change of 60 million dollars. All expenditures, whether debt service payments or a one-time transactions are approved by the Metropolitan Development Commission. This information is also available at the dog f's, Indiana Gateway tif viewer website. The url to the viewer is included in today's Power Point presentation, which is also included in today's meeting packet. Are

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there any questions thank chair. Just a quick questions about the reporting of I know it just meant to that apartment. Local government finance by APRIL 15th. Normally this kind of is this the normal cadence for when you submit that had a couple really ardent constituents who were looking for it to be present to the council much earlier. That's dancer question. Yes, this is the normal, normal cadence in terms of our submission. We would present Metropolitan Development Commission in the fall on the full report a breakdown of the of the expenses and to to occasion areas. This is the first time in which we're presenting this committee. This report. Okay. Thank One more brief question knowing we have a packed so I noticed looking through that

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some of the fund balances where negative it seems like an somewhere 0 soaky briefly talk about when a drops off the list that reported and what those negative amounts me and that's take care of. The negative amounts. Those are specifically developer back pontiffs and part of the Part of that is a timing issue. We reserve the subsequent debt service payments, but we do not report expected revenue. So there's a little bit of a timing issue there. Secondly. And if there is a not sufficient increment in those Our agreement with those developers is that they pay variance. As far as there being 0 balances and some there are some tips that are newly created. It takes a couple of years for increment

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to be generated. Others we do have a few tips that are expired, have expired recently as well. Thanks much. Any additional questions from members of committee. The teen anyone in the audience with an interesting proposal. Number one to 7. It comes from. Action on this needs to be with. Just need to accept the report move. Is there a second? I was in favor. And if those nay. I think is this next item our agenda bozo number 1, 6, 4, which approves the statement of benefits. 4 Zima International Inc and a pumpkin for tax abatement for property located in economic revitalization area defined by icp. 67, that's 15. One dash. 26. Is there someone here to

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speak to this proposal? Get set The project that same international present information going to the proposed project located 6900 English Avenue. The project is the early to put real world allocation in accordance with the mdc policy. The city County County Council must adopt resolution approving the state the benefits from the ntc. On the request, a 7 year tax abatement. The state of the benefit reflects the lettuce up aid and investment 42.8 million personal property create 250 new jobs but end of year 2033, at an above average wage The project. It's in District 20 Warren Township and the support of accounts to heart. Here to request approval of the s p one. And at this time we'd like to turn this over to representative.

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Surprise. More information go to the project. Thank you. Good to mention, MR. Council, my name is Tom Tate will go through that thick presentation. A quick hit of the next slide. We are seeing international. We do. Business is standing. So you have talk about Candy it's more of a legal entity structure. We are a full service dental So if you've been to the dentist and then you need something made, the dental lab is the company that sits behind it and just to make manufactured, it's whether crowns bridges aligners dentures hold interest. Partial dentures clear liners and plant systems, etc. Where the manufacturer who supports the dentists and deliver invest satisfaction to the patient. I'm my name is Tom Tate. I am

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the global head of manufacturing, quality and training. I've been with the company about 4 years companies about 6 and a half years old. I'm also a native son. I'm laughing because I think I watched it court be debated in this room and the North Central alumni. So either yea or I'm sorry, depending on who you are and glad to be here, mostly with Jacob. He is a global head of real estate for us, whether it's building a mega factor in Indianapolis or finding new office space for sales team in London. Jacob lead to real estate efforts globally and as well Amy from Cushman and then from left as well to present our proposal. Dan Diaz, I said, is about 6 and a half years old. We currently work with about 9,000 and growing

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dentists all over the world. We average about what we're less than one percent of turn 4 those practices on annual basis. In the 6 and a half years we've delivered at 2 and a half minute or 2 million smiles for that and getting into the individual products which nobody cares about and include in about 100,000 digital ventures patients who quick ventures. A merger reasons we are. And and the first 3 years of a business, we're a network of labs. So we would partner with local manufacturing thing that we're in country to try to find ways to quickly get the product to the patient. We learned that those laps couldn't grow with us as fast as we need to or deliver the quality that we needed. So then we started in sourcing manufacturing. We built 2 facilities in Utah and

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then another one in Carrollton, Texas, to kind of prove out the in source manufacturing and vertical integration. It has proven out, but it's not that we're kind of full. And so the plan is to invest and work later. Giga site here in Indianapolis as we drive towards massive automation and global scale delivering from Indianapolis all over the world forever attacked us. We need us. So as top mentioned, this will be our first fully automated manufacturing facility in our network. It's actually a park that we are working in partnership with loft to build the facility out in what this facility will position us to do is improve the quality of our product and the time that it takes actually manufacture, get that product to dentists. We're launching operations

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will have our t Co hopefully early JULY and hoping to launch operations this fall. So really speeding towards finish line there with construction. We're not only expanding in Indy. We're expanding globally sore manufacturing is all domestic, but we're launching in markets on a global scale. So just this year we've launched in the uk, France, Spain and Australia, even since this step was made, we've added Germany and Italy to our network as well. So looking to expand quite a bit globally and that will be supported by our domestic manufacturing and the technology that will build out in our facility and India, Indianapolis and and Ireland. As of this and not a Ireland that some of this morning. Got that good evening. So it's said we're here that request

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your support approval at the sb One that we submitted. Our building is in tiff allocation district. We are in COUNCILMAN Hearts and District. We've had great conversation with him in a minute. We'll talk about the 5% and where we agreed to allocate that to you. But we are in district number 20 in the Warren Township. Just a quick note on the address. This is part of the greater los development so now that the building's coming online, it does have its own address at Fort to 9 fan tail drive here in Indy. So just a summary of what is on that sb One. So we investing. 42.8 million dollars worth of

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machinery and it equipment into that facility over the next several years will be adding 350 net new jobs. This is a net new facility for the companies will be staffing from scratch and the average wage for those positions is just shy of $25 an hour. We're hoping and we are planning for most of the positions to be filled by Marion County residents. So over half should be local folks that will be staffed in this facility. Like I mentioned, this is just a little bit more detail about her ramp so we won't have 350 folks in the building this year. We'll start with 50. But over the next 7 years, we will scale up 350 adding about 75 heads a year over the next several years. I will not reiterate what Tom said. We a dental lab. As you know, the 3 things that I want to touch

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on. Our are we're headquartered in New York City. We have our headquarters downtown at the World Trade Center. This will be our first manufacturing facility and office space in Indianapolis and the cornerstone of our automated manufacturing initiatives. The company currently has 4 full-time employees in Indianapolis with an average salary of about 160 k. And we only hope to add to that number moving forward. Quick summary of the development. Details like I mentioned last is the general contractor that we're working with to build the facility out in the next 3 weeks will wrap construction. And we're hoping for that t Co on Monday, JULY

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6th and then we'll scale and launch our operations over the following months, hoping to have sellable product coming out the door by OCTOBER of this year. All right. So bear with me as we get through these I know I would be elevated that far. So when we look at the estimated tax savings over that seven-year period, we're at about 1.8, 5 million. The taxes paid during that period would be about 1.3, 5 million. And then the year after the tax abatement expires, we estimate those tax liabilities to be 367,724 again, this is just on the personal property itself. 5% of that tax savings is 92,628 in the conversation we've had with council heart. Is that the first 10,000 of that 92,000 will go to the Cumberland cdc, which will help fund a study on what to

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do with the asset. The remaining 82,000 will go towards funding improvements things needed for the Penske trail. So why Indianapolis? I'm not because I'm from here and it's because we did detailed search nationwide. It ended up being Tennessee, Louisville or Indianapolis and added up here one because of the incredible shipping that works, too. Guys have access to both ups and Fedex in close proximity, which is very important to us as we try to offer right now, five-day crowns, but soon to be 3 day and potentially even overnight. We also have great relationships with the business partners of employee to try to find key members and also high density of talent for medical device, manufacturers and engineers in

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the city was were some of the big reasons that brought us here is just a high density of talent in the industries for automation that we need to support at facility at this level. And so they asked the need read this one for as we respectfully request your approval for a statement benefits and sb One in the amount of 42 million, 800,000 in accordance with Indiana Code 6 Dash one, one, dash, 2, one dash, 2 subsection k it is submitted in conjunction with the 2026 year. Real and personal tax abatement resolution for the Metropolitan Development Commission to Project Development and to Commissioner. Here's Jacobs contacts and mine as well. And if have any questions, we'll open it up. Questions from council council Thank you, chairman. Thank you all for presenting this. Very familiar with the site as the

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Brookville Burlington Tip, actually allocation area sits district 14 and actually 97% of the residents who live a half mile radius of your property live in district 14. So very familiar with the site. Be honest. I'm a little confused. Why we're giving $10,000 of the Cumberland cdc given that's like. 4 miles from the. The location that you're building your facility or the facilities being built. And I guess in line with that, I love to see how the rest of the 82,628 is being used for improvements in around the site or for the neighbors who are nearby. Thank you. So Kuzma. Thank you for the question. So I thank you for the question. As far as the 82,000 it has been cited.

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We've been working with dpw specifically what waterfalls signage for the trail and then also the maintenance and upkeep of the actual trial itself. So that 82,000 go goes towards that. The 10,000 was a request from council hard to essentially do a study 4 of the blighted area. And in that you need to see what we can do to what can be done to help in that in that area. Did you have the other information that? That was it just one point. It was it. The counselors request in since we assume teen knew what was best needed. That's we are in agreement. And I understand MR. CHAIRMAN. But if Alex, I can understand that. I can to

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say that there like Three-d cdc's that are physically closer area in question who have been doing some really important work for revitalization in the southeast side of Indianapolis on the east side or bunt and Community Development Corporation, Southeast neighborhood Development Corporation who are isolated and in this area and nothing against excluded cities become Berlin's going to be excluded city next year, too. So we think strategically they would want to use that money for development of the city of Cumberland has an excluded city and not as development Marion County. So I appreciate sharing a little bit more. I'd love to hear more on where the money, the balance of the money is being spent. So that, you know, these these inclusivity payments are actually in the allocation

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area or they are nearby to benefit the residents who would be near development a great development. But I do have concerns with the abatement. So thank you for answering the questions. Thank you, CHAIRMAN. Good counsel. Gibson. Thank you, MR. CHAIRMAN. So this is a personal property abatement, correct? Is there currently are real? There. That's totally within the see with a comeback. This body as well. That's right. That before come this because I think they're fully. Sot of Vincent Ash aloft element relocated 10 West Carmel Drive Carmel, Indiana. Developer for property. For those in the in the dc members who are on the commission last year, we actually approached got approved for 8 year

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property tax abatement for entire site to potentially start building out a bill to start going out spec buildings on the site. So underneath that approval, our goal was to invest about 110 million dollars into 4 different buildings. This being the first one. And we come into 200 jobs overall hearing from Danny themselves. That mean they already are over committing on that with 350 themselves. And we still have 2 to 3 more buildings to build. So from a jobs perspective development, farce exceeding expectations of what we thought initially. And overall, when you count, other companies are on a site like

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Monarch Beverage, as well as abf Freight to or does not receive abf has never seen any tax abatements. One properties fully built out. We'll probably expect over about 1500 jobs total. Good up, MR. Correct? No. On the on the real. Property abatement. Is there any school city there as well? There's a school Maybe has about $300,000. So we work with council one to support number of different things. When we're supporting the Waca career Center and for Talent, Pipelines and Workforce development, there's about $300,000 that's going Forest Preservation Fund. And there's about $50,000 that's actually going towards the study of Washington Square Don't know

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the details of what was been discussed, what council hard. But I can imagine counselor Nelson's question, the $10,000 that he's looking at to for blight. Every development project is probably along the same lines of the Washington Square Mall, which this couple cdc is the fiscal agent for very question, MR. CHAIRMAN for Good construction is almost done for site. My question to you is that you have in these and can involve the construction the union Labor. Don't Don't know that off the top. My head, I think of my construction team to give you more details. But I'm happy to make sure administration to follow up with Mike Woodson's, we don't perform any of our work. We always we saw that out. So I

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think I could get all those details and get those But I don't know that if something hits are, I would appreciate if we can get update on MR. CHAIRMAN, thank him. Any additional questions. Thank you very much and thanks, MISTER Along the same lines as my colleague, I wanted to ask for these new jobs average, which looks great. Do you have like a minimum wage of any of these new people? And what is your company's stance towards unions? Minimum wage? You know, so I don't remember off the top my head. I know. And we're preparing the jacket, asked how many were under 18 and none of ours are under 18. So show I don't want to speak out of turn. They're over 18. That's correct. What was the

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second part of the question to site? Yeah, support the formation of unions within workforce. Within our workforce. We don't have any now. I'm not sure that's a topic that's come up. But happy to if it does want change. Any additional questions from members of the committee. Seeing none anyone in the audience with an interesting proposal. Number 1, 6, 4, a committee. Wasn't properly moved and seconded. Those in favor. Please signify by saying Aye. Any opposed nay. All right. Hens up with the name. But as our town. Was it going? Let's do this Names with their hands up. Please. So sleep.

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Council, mostly. Tom Town. So Brown. A council eku. Take a lie. Council doing. Council Jones nay. Come Evans. Tom, to Gibson. Counselor. Louis Louis ne. Thompson, no Nielsen know. Tom, to Robert. Robinson. We have 5 in these find the 8th. That does not pass. Even if you're in past with. Recommendation. You can move forward to the full Council. Within not pass or a tie vote recommendation have the full council what they did. Want to say. Thank you. And we'll make that

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determination Thanksgiving. Thank you. All right. On the next. I'm going to ask. For members of the committee. As we did at MAY meeting, I will ask. Dmv staff to read all of proposals at one time. And if there any member wish is to call that that member call for additional questioning at the completion of that. As the committee. Do have a consent. very good so dmv staff. We could begin. Thank you, MR. CHAIRMAN members of the committee. My name is Ashley Miller. Can I serve as the principal program manager for Commute Community development at the Department of Metropolitan Development. And oversee the payment in lieu of taxes or pilot program. I'm joined tonight by my colleague Beth Neville, who is administrator of the community

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Community Investments, Division and which are a pilot program. This House. Additionally developer teams for each project were asked to attend this evening so they stand at the ready to answer any project specific questions. But you MAY have. Tonight we will review updates. We've made to the pilot program effective with the 2026 application cycle will then walk through an overview of the 2026 pilot projects and discuss what's next for these prospective projects. Should they receive council support? Your packets? You should have a summary spreadsheet detailing all of the projects under consideration along with a copy of the proposed pilot ordinance for each project and a copy of the template pilot agreement and community benefits agreement. We would

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finalize. Should these projects received council approval and low income housing tax credits? First, a review of the process. Title pilot applications were due on MARCH 31st. We evaluated the applications in APRIL to determine if the projects would meet threshold requirements as well as any policy priorities that would warrant a higher application score. The higher the score, the greater the proposed pilot discount and property tax savings. Based on the assessment. Dmv calculated pilot discounts for 21 projects. After receiving the support of each projects, district councilor those projects are now before you today. Before we dive into this year's crop of pilot proposals. I wanted to take a moment to talk through what stage of development these

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projects are in. It's important to remember that the project's before you now are still prospective. They have not yet been awarded tax credits. Previously. You would have seen these types of projects later in the development cycle after they received a light like a word and we're prepared to close on their financing. The nba's bringing these pilot proposals to council for consideration. Now in advance of the state's summer light tech application window closing at the end of JULY. Council approval would allow dmv to issue a pilot commitment letter that helps the project's core additional points on the state's tax credit application. However, not all of these projects will ultimately receive a light tech award. Dmd will negotiate terms of pilot agreements only with those projects that are awarded low-income housing tax credits by the state and which

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received council approval. Depending on the type of tax credit deal, the complication can be extremely competitive to the left of the dotted line. On this chart, you'll see the number of light tech awards for Indianapolis projects pace of the deal type over the last few years. On the other side of the dotted line. You'll see the breakdown of the proposed projects that are seeking pilots support this year. 9% projects shown here in red and which offer more tax credit equity are usually the most competitive. Over the past several years. There have been 2 to 3, 9%, projects awarded in Indianapolis. This year, 11 of the project seeking pilots support are pursuing 9% credits. In 2022. The state created its own tax credit to assist with affordable housing

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development. Since they began awarding these types of credits. Indianapolis has seen between one and 2 projects awarded to gray bars on the chart. This year. There are 3 projects pursuing the 4% state tax credit. Finally. Well, 4% bond projects are not awarded competitively projects must score a minimum number of points on the state's tax credit application. In the past we've seen between 3 and 4 projects successfully score the points necessary. Turner, 4% bond award show here in Navy. This year. There are 7 projects applying through this round. As you know, the state awards light active projects all over Indiana. Pilot commitment from the city helps project score points strengthening the light tech applications of Indianapolis space projects, which is why we are here before you this evening. With that context in mind will shift reviewing the

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proposed projects currently under consideration for a pilot ordinance. There are 21 projects in this round from 8 different council districts. As you can see on this map. They're broken down by the type of that they are pursuing. And as I mentioned before, if you have any questions about a specific project, representative from each development team should be here to answer your question. As a reminder. All projects under consideration are affordable housing projects that committed to meeting the following requirements. They will be instituting lober your tenant screening policies. This includes things like not screen out applicants based on misdemeanors or felonies older than 5 years with a few exceptions for violent crimes and offenses as well as not screen out applicants for evictions older than 12 months. They must have an eviction prevention plan that

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demonstrates the steps that they will take to utilize eviction only as a last resort. Developers must provide housing stabilization services. These would be services targeted to help people stay housed, offering education, requirements on a regular basis, offering education on maintaining a rental unit, referring to community partners when folks need help. This is really the operate. Operational is a shun of their eviction prevention plan. They also must provide services specific to a special needs population as defined by state statute. If that's a clickable to their project and we we require they identify service partner with expertise and serving that population. Developers must offer to report only positive rent payments to at least one credit bureau to help tenants build credit tenants do not

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have to participate. But developers must offer the service. Developers must have property management who have dedicated onsite presence during key hours during the week and on the weekend. And developers must be willing to accept applicants with the help with a voucher or other housing subsidy. All projects must receive design review approval from our city architect. On the developer must be in compliance with any community benefits or project agreements they MAY have with the city. Should a proposed project received council approval and receive tax credits. They must submit documentation 90 days before they would like to close on their pilot agreement demonstrating compliance with these eligibility requirements. This is a screenshot of the spreadsheet in your packets and which you previously received

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electronically. As we share takeaways from this application cycle. But it might be helpful to orient you to the spreadsheet with which contains more granular data about each project. Columns, a b and c are repeated on every page so you can identify data associated with each project as you make your way across the columns. Collins a through k provide the basic details for each project. The developer, name and contact information. A description of the type of project, whether it's a rehab or new construction. The deal type or which tax credit rounder flying in the proposed pilot discount which would be the maximum tax savings they would receive if approved. The total development cost and the number of units proposed for

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rehab for new construction. Beginning with column l for the percent of units dedicated to permanent supportive housing. All the remaining Combs represent our scored policy priorities which informs the pilot discount amount. All the proposed projects or multifamily rental developments. As opposed to tif or tax abatement housing projects. These projects are all affordable housing. And every project. The average area meeting and come across all units would not exceed 60%. Am I? As you can see on your stretchy in column g. While the majority of the projects would use their tax credits for new construction of affordable housing. There are 7 proposed rehabs of existing buildings. Also of

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note, 4 of the projects are proposing to rehabilitate former Indianapolis housing agency properties. Those are marked with an asterisk on your spreadsheet. The projects range in size from 30 units, the smallest to 321 units, the largest with an average of 116 units. Her project. Based on the review of the pilot application. Each project received a proposed pilot discount which are listening column. I. The standard credit terms, 15 years of savings with a 3% escalator each year would apply and all projects will provide a minimum of 30 years before ability based on the extended use agreement they enter into with the state. Will now spend some time talking through the score priorities that resulted and the proposed pilot discounts. The Moore priorities projects

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met the higher their score and they were there for eligible for greater property tax savings. The purpose of the score of the scoring was to ensure that the highest quality projects received the highest discount. If you turn to page 2 of your spreadsheet, we'll start with Com health for the percentage of units dedicated to permanent supportive housing. Projects with 100%. Yes, 8 units were eligible for a 90% discount. That's the highest. The 3 projects this court in this category had to demonstrate that they were enrolled in the Indiana Supportive Housing Institute, which provides rigorous training for development teams intending to provide permanent supportive housing for households exiting homelessness. Psh projects provide intensive case management and wraparound

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supports and so Dmd feels it makes sense to offer them the highest level of operational support through the pilot term. In column. M We have the average am I across all units of a project. Dmd prioritizes projects that offer deeper affordability and would otherwise be required for a lifetime development. The average and my across all units of a given light project is now more than 60% of the area. Median income. Dmd awarded points for projects that had an average am I less than that amount for projects that offer deeper affordability. For the 13 projects that scored points in this category. The average and my across all units was 50%. Meaning that on average, the units would be accessible to households, earning no more than 50% of the area. Median income, a full 10 percentage points lower than what would otherwise be required for a

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light tech project. For a family of 4 that's would equate to an income of no more than $55,150 a year. Next step column Dmd prioritize projects that set aside at least 20% of the units for special needs populations which are defined in state statue and include individuals with intellectual or developmental disabilities. People experiencing homelessness, the elderly. I'm a few other identified identify populations. In addition to the 3, 100% psh projects we discussed, there were 6 projects that committed to setting aside 100% of their units for senior citizens and one project that plans to set aside 20.0, 25% of their units for individuals with intellectual or developmental disabilities. Contains the percentage of units with 3 or more bedrooms. Dmd prioritize projects that included more of

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these types of units which can better accommodate families in need of affordable housing. 48% incorporated 3 or more a bedroom units on average. These projects proposed over a 3rd of the units and their development would have 3 more bedrooms. Colin Pino, Sir, Preservation category. Dmd awarded points to projects with the properties. Income restrictions were expiring or had expired within the last 12 months. One applicant fit this criteria. Columns q and r contain the staffing data. Addition to the threshold requirement to have limited staffing on site during certain key hours. Dmd also prioritize projects that would have more robust on-site staffing. All projects committed to having on site property management. At least 20 hours per week. And over 71% of the project's also

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committed to employing on-site staff dedicated to resident services courts nation. On the resident services front projects could opt into 5 different residents. Service outcome categories. The more categories opted into the higher the points scored. These are reflected in columns asked for w. All proposed projects committed to providing services to improve PRESIDENT's economic mobility and financial stability. All but one proposed project also committed to dedicating services to promote community health and wellness 76% of projects are 16 committed to helping improve food access for the residents of their property. 38% of projects committed to providing youth enrichment services. And 29% of projects committed to investing an amount equal to one percent of their projects. Total hard cost to a community

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investment. Such as public infrastructure, sidewalks trails, bus stops or non-affiliated community facing organization. Regardless of the category of services. The project opted into providing they will be Rick's expected to provide a minimum of 2 on-site services per month throughout the term of their pilot agreement. Reviewing each applications scored criteria we were able to recommend not to exceed pilot discount for each project which are listed on the spreadsheet and captured in each projects respective ordinance. Based on this committee's recommendation, projects would next be considered by the full council at the meeting in JULY. If approved, Dmd would then provide pilot commitment letters, condition on the project receiving light sack and fulfilling obligations to which it committed and the

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pilot application. Projects would then have those letters to include with their light tech applications before the state's application round closes. At the end of JULY. Took awards are generally announced by the state no later than NOVEMBER. Dmv staff will provide updates to this committee on projects that were awarded tax credits. Each time we bring new prospective projects to you for consideration, provided announcements have been made by the state. And as it so happens, the next slide to cap Locacion round opens in NOVEMBER and closes at the end of the year. If we receive any pilot applications for that round, would we would be bringing those to you for consideration in NOVEMBER following much the same process we have here tonight. Should a proposed project receive tax credits. They must submit documentation to dmd 90

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days before they would like to close on their private agreement demonstrating compliance with the eligibility requirements, including the project, Slow barrier tenant screening policies and its eviction prevention and housing Stabilization Services plan. We will also be looking for documentation supporting the scored priorities. They opted into to that end, we will be reviewing the final projects unit. Am I mix staffing Plan? Service partners dedicated to any special needs populations. If that's a pickle to their project and they're resident services plan. Projects will have 2 years from passage of the ordinance to execute pilot agreements or the ordinance sunsets without additional

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council action. I thank you for your time and consideration of support for these potential affordable housing projects. And we'd be happy to answer any questions. Questions from members of the committee comes to ku. Thank you, MR. Too. 2 with that. Question, I guess, an opportunity for. On this on proposal. One 83 Washington State center line. The this is the one that I believe. Has 25% of the units set aside for intellectual developmental disability. We had one of those come through recently and I appreciate in a lot of cases where the spreadsheet has to still some of the community benefits. But specific to that one. Do we have information on? Is there? No residents can choose their services provider but is very similar partnership with one of the service providers to come on site how does how does

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the intellectual disability developmental disability community? It served in that specific one. We have someone from our door your to speak, not. Good evening. Brian Kahn with our door Housing Corporation. So we have a partner village Ricci. They operate and I d d property for a site at the Fort Bend and they would do the services at this property for its ok, perfect. Thank you. And one more I would like to give because I think this compressed format win. There's somebody with a unique history we've had. Pilots, I guess, getting to the media before. But I'm the I'm sorry, world comes almost at on your project in the specific too. So Hanna Commons phase one was

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a project that had a significant they they had a ton of impd call-out. It is a challenging population, too work with when we take homeless people put them into permanent supportive housing and I think that is the right obviously solution Lif. We've looked at a lot of transitional housing, but a lot of people need permanent supportive housing, but they also. It has to be done a specific way because they otherwise result. A lot of police call. So I. We I while this isn't COUNCILMAN Scariest district, the nearest, it's basically across the street from University Heights. That's in my district and I wanted to give more for the media benefit that they came in and did a really good presentation explaining what's going to be different in phase

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2. What went wrong in phase one, why they do have it under control now. It was not under control in the beginning, but why phase 2 is going to be different. So that they have that opportunity to share that with everybody. So if they would, if there's somebody here from. Good evening, Michelle Straw, Salinas and I work for the developer and here with ago that PRESIDENT Of Southeast neighborhood development who is also a Cano co-owner and co-developer. So your question was, how are we going to approach this project differently? Lessons learned from Hannah Commons are obviously going to be big part of that answer creating a plan right now. So it's not something I can hand you, but I know that Jennifer does bureau the vice PRESIDENT Of adult and child who is the

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service provider. She sat with the police department and went through all of those reports and said, you know what specifically happened? Was well checks which there was a lot of well checks, people coming off the streets are sick so how can case managers be better prepared to address those type of issues. Take a said that's part of the plan that they're working on right now. Another piece of it was just like arguments little things like to play in their music too loud. So how can we better address those issues with maybe overnight security or staff that are extended hours. And so that's what we do with Hannah comments. We brought in security. We had staff with alternating schedules and it just really took care of it. Excellent. Thank you. I will say University Heights was. Completely satisfied with that answer. I think it's a lesson

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to be learned as we continue to build more permanent supportive housing out, too. How to learn from what didn't go well, the first time, but that I think you have it under control now. And so I think from that perspective, phase 2, I think we'll be. We'll be a better better start in phase one did and everyone was satisfied with your presentation. So thanks for coming tonight thank you thank Thank you, MR. That's about it. Thank MARCH Air and I don't really have a question more bus and general comment. I am so blown away by the amount of products we have here. I mean, it's as much in one meeting as we typically have and maybe even the 2 half years I've been on the council and some other people then on

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to and we all agree that are at most was probably our cities at a massive housing shortage. And when to be aggressively building to meet the demand that we have. So I just really can't applaud enough for all Kudos adn be in the team there. Obviously, they're probably specific menu. Sure these products we can dig into but says the general theme, I love just the sense of per activity and distance of just really meeting the need that we have all these specific populations for, because this is all over the city. There's a lot of projects here and this is really gonna be huge. Again, we have to be growing as a city and over the last. You know, however, many years we've not been growing to the rate of our suburbs, but we have this every month we drawn to the rate of our suburbs. I give credit to the whole team for making this happen. Thank

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you. Additional comments from from. Come to some. Just real quick and maybe said this, the Indians and the presentation. So for the Psh supported units. Do doni Nicole Payne, the specific developers are they today already have the the rent subsidy or otherwise the support to pay for the ongoing right rental expense, whether it be a voucher rental basis, distance. Yeah. So the projects that are currently permits, part of housing projects, those 100% permits part of housing projects. The 3 that actually mention those will be receiving project based vouchers from might cbs, those rent subsidies will come as part of that. So if they if the projects. Are not awarded. The state incentive. What will happen then to the right. They've secured huge hurdle,

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right, and secure the voucher that secured the rental assistance. What happens if okay, that project doesn't isn't seen favorably by the by the state. Could you walk us through that? What happened to that? Actually securing those vouchers? Yeah, I think that's a really great point to highlight. So even those permanent supportive housing projects that went through the institute, which is kind of like the preeminent permanent supportive housing development pipeline within our community. They still have to compete at the state to get those tax credits. If they do not they're eligible to apply again in the future. And those project based vouchers, it da is able to re pivot into. Wear of these kind of see the priority within the state and that MAY or MAY not be with an Indianapolis if they don't care this tax credit, that

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helps kind of clarify. Council Delaney. Thank you. MISTER Chair. We have state Senator Jackson here and I was just wondering, which projects she's here to 4 just wanted thank her for coming and acknowledge her presence here. Good. Thank you. COUNCILMAN Delaney, MR. CHAIRMAN PRESIDENT Lewis and all council members on here support the proposal. One 79 is actually Senate district COUNCILWOMAN Towns, district supported by Congressman Cao, a car says he helped get 1.6 million dollars in appropriations for this project. And thank you dmv for listening for project. I do have cold developers here will flirt in Collins. Julie Elect says with us today and Ethan. And so it's gonna support. See your portable housing. The 55

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and older. As you know, the most unhoused population by 2030, 2030, will be seniors. And so that's what we're doing is the 52 unit project. And so we're asking 13,000 the year for 50 years for the project. That's what we're asking for. Thank you for the opportunity, Michigan. Thank you. Thank you very much. Thank you, MISTER Thank I want a second. Everything. The counsel Robert said totally agree and thank you for your help getting the affordable housing crisis addressed as much as we can while trying to get the limited funding about within the state and federal government. You've described this before, but partially for i guess, audience listening at home in parts of just remind you the specifics. I know some of the kind of like annual check ins to make sure that some of requirements, the pilot agreements. As I

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understand, it's basically if something's not working, residents are showing up to some of the offered services, then the developer has a chance to are. The operator has a chance to pivot and find different services conjunction with the nba with the residents. Is that correct? Or did just briefly describe that process works? Yeah, that's correct. They would be submitting annual reports. I believe they're mostly due in early FEBRUARY and then they're reviewed for compliance with the agreements. If rent, if they're finding that residents are participating in something, we're going to be incorporating going forward and is having them cement the results of residents survey to try to make sure that developers understanding are aware of the needs and interests and wants of the residents so that if they need

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to pivot and offer different services that maybe our of we're interests are a helpful, more helpful to residents. They do. And we would encourage that so that the services being provided are really what residents are looking for. That's how I remember Just want to say thank you on the record for that. I think any efforts to increase kind of resident democracy and 10 associations. Great. So thank you for doing your part. Thank you, MR. CHAIRMAN, thank you. The md and thank you to the city. It outstanding that you're really focus on affordable housing and I believe that your efforts will help, especially when we think about how market rate is increasing so much. And I believe your efforts will help with more for House

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and they have levy level at that rate in terms making house and come down a little bit, if you will, from the market standpoint. But I am very pleased 7 of these polls are in council district 8 and of that 7 rehabilitation and 3 York, new construction sites. And I really excited about all of them for them back back. But the one that stand out to me most is your efforts to improve units for me on Buddy app is housing authority primarily twins, heels, Blackburn and Beechwood Gardens Hawthorne Place even 16 park. Is vital Vidas right. Biden says they here? Yes, Biden here tonight. Have a question for on the on the rehabilitation units. I know I'm very pleased by than Mao

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the units, but I'm Adam Mosul They can now earn occupy, if you will connects explain how much improvement rehabilitation would be in terms of those public housing projects. Hello, everyone, and thank you. My name is Brooke him. I'm here with fight us. It's a great questions. So right now across the 7 properties, they are approximately 50% occupied. We purchased the properties JANUARY 15th. So we want them for about 6 months, not quite. And we have been working on kind of sifting out. What is fair, who are real residents who don't have leases and kind of just getting a handle on all of the files. And so there will be a full rebuild rehabilitation on all 1000 plus units. But before we do

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the tax credit rehab. 2 for 2 of these properties Soaker 3 of the properties Beachwood. 16 Park and Hawthorne. We'll most likely be a little bit later on in our timeline. So we want to make sure that we're fixing up the existing units there. You know, a lot of them are in squalor, need trash out and things like that. So in the meantime, we have done full trash out on all of the units we have Roughly 3 million dollars in immediate needs. We've got about 3 million more dollars to do. We are trying to turn discomfort in minutes right here about 300 units before AUGUST 30 is so that we can get units rented up so that we have presidents in there. So that even those properties

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that won't be closing until MAY be spring, 2027 still are getting residents that need housing in the door. Not sure that totally answer your question very much. And I thank you for your time and effort. And I really believe that what you're doing is this is significant in terms improving housing in again, I had sought to dmv and the city. Thank you, MR. CHAIRMAN. We good. Before ask report open up the floor to to the audience. I would ask MADAM Clerk for the record, if you would please read digest or some of vision of the digest. The proposal is that we will be voting on. An abbreviated version of it. Proposal

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number. One, 66 approves payment of blue of taxes as provided for in I seas 36 dash 3 dash, 2 dash 12 for an affordable housing project being financed in part low income housing tax credits pursuant to section 42 of the Internal Revenue Code in of 19. 86 as amended known as Laurelwood Apartments and Roe v Terris consisting of approximately 231 affordable housing units for low-income residents located at 3, 3, 4, 0, take would drive 1, 4, 5, 5, south been Cross Street and 1, 3, 2, 7, Raleigh Place,

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District 19. Perky. Que started proposal. Number one. 65 Proposal. Number one, 65 approves. A payment of in of taxes provided Iran. I see 36 dash, 3 dash, 2 dash 12. Of approximately 30 for affordable housing units. For though income residents located at 5.95 West 56th Street District 5. Proposal. Number one, 67 Preuss a payment in lieu of taxes as provided for in icu. 36 dash 3 dash 2 dash 12. Approximately affordable housing units for low-income residents located at 2.88 Hill East Hannah Avenue, a district 19. Proposal. Number one, 75 approved the payment lives of taxes. The Drake Apartments consisting of approximately 30 affordable housing units for

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low-income residents located that 3, 0, 6, 0, noise, Meridian Street District, 8. Proposal. One 76 approved the payment in lieu of taxes. of the international coup. Known as Beech Wood Gardens hearts would place consisting of approximately 321 affordable housing units for low-income residents located that to 9, 1, 5, North Graham Avenue at 5 to 4 for East 32nd Street District. 9. Poll. So number one, 77 approves a payment in lieu of taxes. Known cornerstone apartments, consisting of approximately 100. 86 affordable housing units for low-income residents located that 3, 8, 0, 2, 3, 8, 1, 0 North Franklin Road District. 9. Proposal, one 79 approved the payment in lieu

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Loo taxes. Known as Grassy Creek comments consisting of approximately 42 affordable housing units for low-income residents located at 3, 6, 0, 1, North. It whole for road district. 15. Proposal. Number one, 80 approves a payment in lieu of taxes. Known as union at and consisting of approximately 241 up 4 double housing units for low-income residents located at 1, 4, 3, 7, 1, 5, d 3. So see Street, 1, 4, 2, 2, 1, 5, to 8 Asher Street and 219. Co Hay Street District. 18. Proposed. So number one, 81 approved the payment of Lou in taxes. Known as bakery living consisting of

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approximately 116 affordable housing units for low-income residents located at one dq, one East, Washington Street District, 18. Proposal, one 82 approves and payment of Lou and taxes. No. As Sherman Law Fs consisting of approximately 51 affordable housing units for low-income residents located 3, 7, 3, 7, East Washington Street District. 18. Proposal. Number one, 83 approves of and taxes known as Washington and state consisting of approximately 56 affordable housing units for low-income residents located. That's 1, 7, 0, 2, and 1, 7.26 East Washington street 12, 16 20 north. While coach, she and 15th. North's Senate Avenue District, 13 proposal. Number one, 84 approves of payment in lieu of taxes. Known as him. 22 south consisting of approximately 48 affordable

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housing units for low-income residents located at 17 West 22nd Street District. 12 proposal. Number one, 85 approves payment in lieu in taxes. Notice 16 park. Apartments consisting of approximately 155 affordable housing units for low income residents located at 1, 6, to one North Park Avenue and 1, 0, 6, one and 1, 0, 6, 4 Broadway Street and 5, 4, 6, East 17th Street District, 13. Proposal. Number one, 86 approves a payment one taxes known as Damian Center. Ph s. P sh consisting of approximately 40 affordable housing units for low-income

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residents located at 14. 38. East Washington Street District 13. Proposal. Number. One, 80's one. 68 approves a payment in lieu of taxes. Known as the Holcombe consisting of approximately 204 affordable housing units for low income residents located that 1, 5, 4, 5 and burned street district. 19. Proposal. One 69. Cruz, a payment in lieu of taxes, known as the Emerson Place Aparments consisting of approximately 92 affordable housing units for low-income residents located that 2, 1, 1, 0, Emerson. No Place District 8 proposal, one 70 approves payment lieu of taxes. Known as the hope Side. Senior housing consisting of approximately Florida, 70

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affordable housing units for low-income residents located that not 1, 9, 1, 5, and 2, 0, 0, 5 East 25th Street District, 8. Proposal, one 71 approves of payment lieu of taxes. Known as Twin Hills and Blackburn. Terrence consisting of approximately 38. 307. Affordable housing units for low-income residents located at 2, 2, 1, 0, East 36th Street, 3, 0, 9, 1, Baltimore Avenue and 3, 0, 3, 8, Hillside Avenue District. 8. Proposal. Number one, 72 approves a payment in lieu taxes, known as the senior village consisting of approximately 32 affordable housing units for low-income residents located at 3, 9, 6, 9, Meadows Jive proposal. Number one, 73 approved the payment in lieu taxes. Known

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as life village consisting of approximately 32 affordable housing units for low-income residents located that 3, 2, 1, 9, Orchard Avenue and 1, 9, 2, 7, 1, 9, 4, 6, 1, 9, 5, 0 East 32nd Street District. 8 proposal. One 74 approves a payment lieu of taxes, known as the Ritz on Illinois's consisting of approximately 100 affordable housing units for low-income residents located at 3, 4, 0, 4, 2, 4, 32, the 4th day 4, 4.38 and the 4.44 North, Illinois Street thank you. Thank you very much. MADAM Clerk. Does anyone in the audience wish to speak on any of the proposals? Just read? That was our proposals. One 65 through one. 77. 79 through one. 86. It the

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committee. MR. CHAIRMAN, I move that we say and I guess is 21 proposals for pilots to the full Council for final adoption. Isn't probably moved and seconded. All those in favor. Please signify by saying Aye. Any opposed nay. That motion certainly carries. Thank The md for amazing work. And to all of those out here who we're supporting affordable housing, Senator Jackson with is there anything else that you would like to say this evening? Thank you. Is there a motion for adjournment? All in favor. All right. Thank you, Richard.