AWFUL YES WE COULD DO ALL RIGHT I'M WAITING TO HEAR FROM YOUR SISTER. YOU SHOULD COME HERE. RIGHT. OKAY. OKAY. I CAN TALK HER WITH YOU WILL BE OKAY. SO GOOD AFTERNOON EVERYONE. THANK YOU FOR JOINING US TODAY FOR OUR APRIL 21ST HOUSING TRUST BUY RECOMMENDATIONS BUT OUR HOUSING COUNCIL COMMITTEE MEETING THIS IS AN ADDITIONAL MEETING AND I'M SO GLAD THAT YOU ALL ARE JOINING US INTO MY COLLEAGUES ARE HERE BUT I WOULD LOVE TO START ONLINE BECAUSE I HAVE TWO OF MY COLLEAGUES THAT ARE JOINING US ONLINE. GOOD EVENING. RENE JOHNSON, DISTRICT FOUR COMMITTEE MEMBER THANK YOU, JOY. MAYOR DISTRICT THREE COUNCIL MEMBERS ARE MANY, MANY MEMBERS OF OUR THANK YOU BOTH AND AFTER THAT I AM GOING TO GO AROUND STARTING WITH OUR ATTORNEY FOR OUR STAFF TO INTRODUCE OURSELVES. I'M ANISH LINUS CITY ATTORNEY'S OFFICE. GOOD AFTERNOON WARREN WOOTEN HOUSING AND NEIGHBORHOOD SERVICES. REBECCA HAFNER HOUSING AND NEIGHBORHOOD SERVICES. >> GOOD AFTERNOON MONICA ALLEN DEPUTY CITY MANAGER JANINE SIMMONS HOUSING AND NEIGHBORHOOD SERVICES GOOD AFTERNOON. HAROLD THOMPSON WITH HOUSING AND NEIGHBORHOODS SERVICES AND GAIL WHITCOMB HOUSING AND NEIGHBORHOOD SERVICES. JD MY SWEET IDEAS DISTRICT FIVE COMMITTEE MEMBER THANK YOU ALL SO VERY MUCH AND AGAIN TO ALL THOSE THAT HAVE JOINED US IN THE ROOM WE ARE GOING TO HAVE A PRETTY DIRECT CONVERSATION REGARDING OUR HOUSING TRUST FUND RECOMMENDATIONS. WE'RE NOT GOING TO GO THROUGH THE ENTIRE POWERPOINT BECAUSE WE DID START PART OF IT ON MONDAY BUT OUR DIRECTOR OF HOUSING AND MY DCM IS MONICA ALLEN ARE GOING TO DIRECT US THROUGH THIS CONVERSATION FOR THE COMMITTEE MEMBERS THAT ARE ONLINE THIS WILL BE OUR OPPORTUNITY TO ASK ADDITIONAL QUESTIONS OR FOLLOW UP QUESTIONS AND OR RECEIVE INFORMATION FROM STAFF. SO WITH THAT I AM TURNING IT OVER TO MISS MONICA ALLEN. >> THANK YOU CHAIR MAYFIELD AND I'M GOING TO TURN IT OVER TO TO REBECCA HEFFNER IN THE SAKE OF TIME. ALL RIGHT. THANK YOU. GOOD AFTERNOON EVERYONE IS, YOU KNOW, UNUSUAL TO BE MEETING TOGETHER ON A TUESDAY AFTERNOON BUT GLAD TO BE HERE. THIS IS A VERY IMPORTANT TOPIC. >> PLEASE FORGIVE ME, DIRECTOR, FOR HALF AN HOUR. I JUST NOTICED THAT MY COLLEAGUE KIMBERLY ARNOLD SAYS JOY WHO IS ALSO A COMMITTEE MEMBER OH SORRY. CHAIRWOMAN MAYFIELD. KIMBERLY ASKED ME TO LET YOU KNOW SHE'S HAVING SOME TECHNICAL DIFFICULTIES AND JUST TO INTRODUCE HER AS WELL. SO KIMBERLY OWENS IS WITH US BUT I JUST SENT HER THE LINK. THANK YOU SO MUCH AND ALSO I.T STAFF IF YOU CAN ASSIST WITH THAT. SO I REPRESENT A CHAIR OF DISTRICT SIX COUNCILMEMBER KIMBERLY OWENS WHO IS ALSO A COMMITTEE MEMBER IS JOINING US JUST HAVING A LITTLE BIT OF TECHNICAL DIFFICULTY THAT MIGHT HAPPEN ABOUT YOU. >> ALL RIGHT, THANK YOU SO NEXT SLIDE PLEASE. SO THE PURPOSE THE PURPOSE OF TODAY'S MEETING IS TO GIVE COMMITTEE TIME TO DISCUSS THE STAFF'S RECOMMENDATIONS FOR FUNDING IN THE HOUSING TRUST FUND THAT WERE PRESENTED TO FULL COUNCIL LAST MONDAY, APRIL THE 13TH. AND SO THERE ARE I'M NOT GOING TO GO THROUGH ALL OF THEM. >> I DO ENCOURAGE ANYONE WHO MISSED WHO MISSED THAT TO GO BACK. IT'S RECORDED ONLINE AVAILABLE THROUGH THE CITY'S YOUTUBE CHANNEL AND OTHER PLATFORMS AND TODAY WHAT WE'RE GOING TO FOCUS ON IS A FEW THINGS THAT WE'VE UPDATED SINCE THAT CONVERSATION AND ALSO CLARIFYING QUESTIONS THAT YOU ASKED AND A LITTLE BIT OF INFORMATION THAT WE DIDN'T GET TO SO NEXT SLIDE PLEASE. >> I'M ACTUALLY GOING TO MOVE FORWARD TO SLIDE SIX IF WE CAN. SO THE INITIAL SLIDES AGAIN ARE TALKING ABOUT YOUR HOUSING FUNDING POLICY GOALS AND YOUR INVESTMENT PRIORITIES AND THEN I WANT TO CALL YOUR ATTENTION TO THE BOND INVESTMENT GOALS TRACKER BECAUSE THIS HAS CHANGED SINCE LAST MONDAY BECAUSE ON THE 13TH THE COUNCIL APPROVED THE 1000 AND ONE TABLE DEVELOPMENT THAT WAS A RENTAL HOUSING PRESERVATION OPPORTUNITY 80 THAT WAS APPROVED AND YOU HAVE NOW MEET YOUR $14 MILLION ALLOCATION GOAL IN THAT CATEGORY SORRY. NEXT SLIDE PLEASE. SO AS A AS A REMINDER THEN THESE ARE YOUR CATEGORIES AND WHERE YOU ARE AND RELATED TO THOSE ALLOCATION GOALS. WE ALSO HAVE RFP FEES THAT ARE OPEN AND WE TALKED ABOUT THIS IN THE APRIL COMMITTEE MEETING ONE THAT'S COMING FOR HOUSING REHAB AND THEN SEVERAL FOR ADMIN AND EVALUATION. AND SO WE'RE RECOMMENDING HOLDING HOLDING THOSE DOLLAR AMOUNTS UNTIL UNTIL THE AWARDS AND THEN WE CAN FINALIZE THOSE DOLLAR AMOUNTS AND SO YOU HAVE CURRENTLY THEN A BALANCE OF A LITTLE OVER $35 MILLION. >> NEXT SLIDE. >> SO WE WE ADDED ONE WE ADDED ONE PIECE TO THIS SLIDE WHICH IS THE COUNCIL COMMITTEE DISCUSSION. >> SO THAT'S WHERE WE ARE TODAY . >> YOUR VOTE IS SCHEDULED FOR NEXT MONDAY, APRIL THE 20TH SEVENTH. >> NEXT SLIDE. AND THEN THIS WAS IN THE PRESENTATION LAST WEEK BUT IT WAS ALL THE WAY AT THE END SO I JUST WANTED TO REMIND YOU THAT WHAT HAPPENS AFTER THE APPROVAL SO THERE'S THERE'S A PROCESS PLAN THAT WE GO THROUGH WITH OUR PARTNERS AFTER COUNCIL'S APPROVAL AND TO TO WORK TOWARDS THE FINANCIAL CLOSING. >> SO THAT'S CLOSING THE LOAN AND THEN THEN OUR PARTNERS WILL GO THROUGH THE DESIGN AND PERMITTING AND REVIEW AND APPROVAL PROCESS AND THEN THE CONSTRUCTION AND AT THAT POINT THE UNITS ARE DELIVERED. SO IT'S JUST A REMINDER THAT THAT THE PROCESS IS ALMOST STILL AT THE BEGINNING IN TERMS OF IN TERMS OF UNITS ON THE GROUND ESPECIALLY FOR THE RENTAL HOUSING PRODUCTION AND WE DID WE DID RECEIVE AN EMAIL LAST WEEK ABOUT HOW TO GET ON THE WAITING LIST FOR ONE OF THE PROPOSALS. SO THERE PEOPLE ARE PAYING ATTENTION AND THEY'RE ANXIOUS ABOUT ABOUT HAVING BETTER ACCESS TO AFFORDABLE HOUSING. >> NEXT SLIDE. >> SO THIS IS THE SAME INFORMATION SUMMARIZING THE PROPOSALS THAT WERE SUBMITTED. >> WHAT WE WE'VE WHAT WE ADDED HERE IS A NOTE THAT YOU DID RECEIVE TO KNOW WHAT APPLICATION MEANS IN MARCH AND THOSE ARE SCHEDULED TO BE REVIEWED IN YOUR MAY COMMITTEE MEETING. THAT IS A CATEGORY THAT YOU HAVE FULLY ALLOCATED BUT BECAUSE THESE WERE RECEIVED BEFORE THE BEFORE THAT ALLOCATION HAPPENED WE'LL BE BRINGING THEM TO YOU IN MAY FOR A REVIEW AND DISCUSSION. >> NEXT SLIDE AND NEXT SLIDE. >> SO THIS WAS IN YOUR STAFF BOOKLET THAT WAS DELIVERED LAST THURSDAY. BUT ONE OF THE THINGS WE TALKED ABOUT AT ACTION REVIEW YOU ASKED ABOUT NOT JUST WHERE ARE THE LOCATION OF THE PROPOSALS THAT WERE SUBMITTED IN THIS ROUND BUT WHEN YOU THINK ABOUT THE TOTALITY OF THAT 2024 BOND ,THE 400 MILLION, WHAT WHAT IS THE GEOGRAPHIC DISTRIBUTION LOOK LIKE FOR YOUR INVESTMENTS ACROSS THE COMMUNITY? AND SO THIS MAP SHOWS YOU THAT THE THE PINK CIRCLES WHICH ARE IN THE TABLE ON THE LEFT, THESE ARE THE APPROVED INVESTMENTS TO DATE FROM YOUR 2024 BOND THE GREEN SQUARES AND THE TABLE ON THE RIGHT. THESE ARE THE THE DEVELOPMENTS THAT ARE CURRENTLY RECOMMENDED FOR FUNDING. SO THIS SHOWS YOU THE THE BROADER DISTRIBUTION AND OF THE OF THE 2024 BOND. >> SO BACK BEFORE WE MOVE FROM HERE BECAUSE I'M GEOGRAPHICALLY CHALLENGED SO I LIVE OFF OF MAPS SO WHEN WE LOOK THERE TOWARDS THE RIGHT WHERE THERE IS A CLUSTER WHERE WE ALREADY HAVE FOUR PROJECTS APPROVED ONE, TWO, TEN AND 14 AND WE'RE LOOKING AT POTENTIALLY BACK WHERE STAFF HAS RECOMMENDED FIVE ADDITIONAL IN THAT IMMEDIATE VICINITY. >> WHAT AREA OF THE CITY IS THAT? >> SO ONE LET'S SAY ONE OF THE RECOMMENDATION ZONES IS IN DISTRICT FIVE AND THREE OF THEM ARE IN DISTRICT ONE. SO IT'S RIGHT THERE ON THE LINE BETWEEN 1 AND 5. IF YOU'RE IF YOU'RE TALKING ABOUT SO THE GREEN THE GREEN BOXES THAT ARE CLUSTER THERE IN THE IN THE 2020 122 OR 2330 ALL OF THAT IS THE THE MECKLENBURG COUNTY BILLINGSLEY SITE. THAT'S WHY IT LOOKS CLUSTERED IS BECAUSE IT'S A IT'S A LARGE SITE WITH TWO HOME OWNERSHIP AND TWO MULTIFAMILY COMMUNITIES PROPOSED ON IT SO IT CREATES WHAT LOOKS LIKE A CLUSTER BUT BUT THE MAJORITY OF IT AS ONE SITE HAS SOME MEMBER JD THANKS REBECCA YOU SAID THERE WAS ONE FOUR DISTRICT FIVE I'M SEEING THE ZION HILLS ALSO DESIGNATED FOR DISTRICT FIVE IS THAT THE YEAH SO THE THE SO THERE ARE YOU'RE TALKING ABOUT RECOMMENDED THERE'S TWO RECOMMENDED IN DISTRICT FIVE ZION HILLS IS THE HOME OWNERSHIP DEVELOPMENT THAT'S NUMBER 30 IT'S KIND OF IN THE MIDDLE OF THE PURPLE BLOB RIGHT SO IF YOU'RE NOT IF YOU'RE NOT ORIENTED TO DISTRICTS THEN RIGHT NOW I'M TALKING ABOUT THE PURPLE BLOB WHICH IS ALSO KNOWN AS DISTRICT FIVE AND SO THE THE GREEN MARKER THERE IN THE MIDDLE 30 IS ZION HILLS. BUT THAT'S THE HOMEOWNERSHIP THAT'S RECOMMENDED IN THIS ROUND ONE AND TWO ONE IS SHARON POINT NO AND TWO IS THE CARRIER POND TOWNHOMES. SO THAT MIXED INCOME HOMEOWNERSHIP COMMUNITY 3220 TWO THANK YOU. >> 22 IS A VOTE LIVING AT WILL LAURA LAKE AND THEN TEN IS WOODFORD ESTATES NO THANK YOU AND SO THAT THAT'S DISTRICT THAT'S JUST DISTRICT FIVE ON YEAH SO ALL ALTOGETHER THAT'S FOR FOUR MORE RECOMMENDATIONS OUT OF THIS LIST ARE IN DISTRICT 5 TO 2 OF THEM ARE HOMEOWNERSHIP COMMUNITIES ONE IS A NO AND THEN THE ONE IN THIS ROUND IS A SENIOR MULTIFAMILY SO THAT'S JUST DISTRICT FIVE AND THEN AND AND ANY QUESTIONS ABOUT THE OTHER DISTRICTS I BELIEVE COUNCILMEMBER JOHNSON ALSO HAD A QUESTION ON THIS MAP. YEAH THANK YOU. THAT'S MY QUESTION. I WANT TO PIGGYBACK OFF WHAT COUNCILMAN RIDGELEY SAID IF YOU COULD EVEN IF YOU SEND IT TO US LATER I'M MAKING A GRAPH THAT HAS THE DISTRICTS ONE, TWO, THREE FOUR FIVE SIX SEVEN AND RENT HOMEOWNERSHIP SENIOR YEAH. SO WE CAN JUST GET THAT KIND OF TABLE AND UNDERSTAND HOW MANY OF THE PROJECTS EVEN I DON'T KNOW IF YOU HAVE TIME TO DO THAT TODAY OR SEND IT TO US AFTERWARDS WHERE IT IS READILY AVAILABLE WE WILL SEND IT TO YOU TODAY. OKAY. AND I'LL JUST I'LL JUST SHARE THAT YOU CAN ACTUALLY ALSO SEE THAT ON THE HOUSING SERVICES DASHBOARD NOT JUST FOR THE 2024 BOND BUT ALL OF THE CITY'S HOUSING INVESTMENTS THROUGH THE END OF THE FISCAL LAST FISCAL YEAR ARE YOU GO TO THE OPEN DATA PORTAL, THE HOUSING SERVICES DASHBOARD YOU CAN SEE THEM BROKEN DOWN BY DEVELOPMENT TYPE BY DISTRICT BY AM I BY ALL OF THE THINGS AND SO YOU CAN ACTUALLY GO THERE AND SEE WHAT YOU KNOW WHETHER IT'S THE ENTIRE HISTORY SINCE 1999 OR JUST THE LAST COUPLE OF YEARS YOU CAN SEE ALL OF THE INVESTMENTS THAT THE CITY HAS MADE IN IN UNITS NOT NOT IN RENTAL SUBSIDIES AND PEOPLE BUT IN AFFORDABLE HOUSING UNITS AND DIRECT AND I THINK WHAT COUNCILMEMBER JOHNSON MIGHT BE ASKING ABOUT I BELIEVE WE HAD IN OUR PACKET OR WE HAVE A VERSION OF IT WE MIGHT HAVE A VERSION OF THAT MAP OF THE ADDITIONAL INFORMATION IN THE PACKET THAT YOU SENT. >> IT'S NOT SPECIFICALLY AGGREGATED BUT GOVERNMENT BUT WE CAN PROVIDE YOU AND EASILY PROVIDES YOU SO COUNCILMEMBER JOHNSON WE WILL BE GETTING THAT OUT TO FULL COMMITTEE. >> THANK YOU. THANK YOU AND THAT AND THAT WEBSITE IF YOU CAN GIVE ME THAT AGAIN AND MAKE SURE THAT WE POST THAT TO THE PUBLIC AND SEE THAT AS WELL THAT WOULD BE GREAT. >> SO THAT DATA DOT CHARLOTTE NC.GOV THAT'S THE CITY'S OPEN DATA PORTAL AND THERE ARE MULTIPLE OPTIONS FOR DASHBOARDS AND INFORMATION ON THAT SITE. ONE OF THEM IS THE HOUSING SERVICES DASHBOARD AND THAT THAT DASHBOARD ALLOWS YOU TO SEE ALL OF THE CITY'S INVESTMENTS IN AFFORDABLE HOUSING UNITS SINCE 1999 ISH. SO THAT'S GREAT. SO FOR THIS LIST, WHICH DISTRICT HAS THE MOST PROJECTS IS THAT DISTRICT ONE? >> YEAH SO SO FOR THIS BOND DISTRICT ONE AND THEN AND THEN THERE THERE ARE QUITE A FEW RECOMMEND DID THIS ROUND IN DISTRICT THREE BUT ONE THING THAT YOU CAN SEE IN THIS WHEN YOU LOOK AT THIS MAP OVERALL IS THAT WHILE WHEN YOU DON'T GET A LOT OF PROPOSALS IN SIX AND SEVEN YOU DID APPROVE A MULTIFAMILY COMMUNITY IN DISTRICT SEVEN JUST LAST FALL IN OCTOBER AND THAT'S REPRESENTED ON THE MAP AND THERE IS A HOMEOWNERSHIP OPPORTUNITY IN DISTRICT SIX. SO WHILE THEY ARE WELL WHILE THERE AREN'T AS MANY OF THEM I THOUGHT IT WOULD BE USEFUL TO SEE THE BOND AS A AS A WHOLE SO YOU CAN SEE WHERE WHERE THOSE INVESTMENTS ARE BEING MADE. THANK YOU FOR THIS PRESENTATION DIRECTLY I HAVE NO BECAUSE I DEFINITELY THINK IT GIVES US A DIFFERENT PERSPECTIVE TO SEE THAT WE ARE MAKING SURE THAT WE'RE REPRESENTING AN ENTIRE CITY. PLEASE CONTINUE WITH THE PRESENTATION. >> THANK YOU. SO NEXT SLIDE THE NEXT PIECE OF WHAT I WANTED TO SHARE THIS IS INFORMATION THAT WE DIDN'T GET TO LAST MONDAY SO THERE ARE A COUPLE OF DEVELOPMENTS THAT YOUR STAFF WE'RE RECOMMENDING BE DEFERRED TO A FUTURE ROUND AND THE PRIMARY REASON FOR THAT IS BECAUSE YOU ONLY HAD $11.2 MILLION AVAILABLE IN YOUR MULTIFAMILY INVESTMENT CATEGORY AND WE HEARD YOU LOUD AND CLEAR THAT YOU WANTED RECOMMENDATIONS THAT FIT WITHIN WITHIN THOSE GOALS. >> AND SO I WANT TO TOUCH JUST BRIEFLY ON THE FOUR PROPOSALS THAT I RECOMMENDED TO BE DEFERRED AND AGAIN THIS IS DEFERRED TO THE NEXT OPPORTUNITY. WE THINK THESE ARE OUR DEVELOPMENTS THAT ARE WORTH INVESTING IN. >> THERE ARE SOME PLACES WHERE WE THINK THEY CAN BE STRENGTHENED AND THAT'S HOW WE TYPICALLY WORK WITH OUR PARTNERS IS IF COUNCIL DEFERS A DEVELOPMENT WE WORK CLOSELY WITH OUR PARTNERS TO BRING BACK TO YOU SOMETHING THAT HAS A STRONGER VALUE PROPOSITION. SO JUST AS AN EXAMPLE YOU HAVE TO PROPOSALS THAT ARE IN YOUR FUNDING RECOMMENDATIONS THIS ROUND THAT YOU HAD DEFERRED PREVIOUSLY THOSE ARE OAK VALLEY AND THE VILLAGE AT GREER HEIGHTS AND SO WE WORKED WITH OUR PARTNERS AND IN A VERY COLLABORATIVE WAY TO BRING YOU BRING YOU BACK SOMETHING THAT THAT WE FELT WAS A WAS A STRONGER PROPOSAL. >> SO NEXT SLIDE PLEASE. >> SO THE FIRST THE FIRST OF THESE RECOMMENDED FOR DEFERRAL DO YOU WANT TO PAUSE FOR THAT OR KEEP GOING? OKAY. IS RIVER RIVER DISTRICT TO AND SO RIVER YOU WILL OF COURSE RECOGNIZE RIVER DISTRICT SO THE FIRST PHASE OF RIVER DISTRICT THIS IS THIS IS A COMMUNITY THAT YOU INVESTED IN I LIKE TO SAY YOU STRATEGICALLY INVESTED IN EARLY BECAUSE IT WAS INTENTIONAL IT WAS IMPORTANT FOR YOU AS A COUNCIL TO ENSURE THAT THERE WOULD BE AFFORDABLE HOUSING AS THE RIVER DISTRICT BUILT OUT AND SO ONE CHALLENGE THAT HAPPENED BECAUSE YOU INVESTED EARLY IS YOU THE ESCALATION IN COSTS THAT OCCURRED DURING THE PANDEMIC. SO THIS THIS DEVELOPMENT WAS ORIGINALLY APPROVED IN 2021. THEY RECEIVED ADDITIONAL GAAP FUNDING IN 2023 AND THEN THEY CAME IN LAST ROUND IN OCTOBER FOR ADDITIONAL GAP FUNDING TO TO CLOSE THAT GAP AND SO DESPITE HAVING BEEN APPROVED EARLIER, THIS HAS THE LOAN THE LOAN HASN'T CLOSED ON ON RIVER DISTRICT ONE AND SO WHERE WE THINK YOU KNOW WE HEARD YOU LOUD AND CLEAR YOU WANT MORE AFFORDABLE AT THE RIVER DISTRICT THERE ARE A COUPLE OF THINGS ABOUT THIS ONE THAT THAT PUT PUT IT FOR US IN THE RECOMMEND TO BE DEFERRED ONE IS YOU KNOW WE'RE STILL WORKING ON CLOSING THE LOAN FOR RIVER DISTRICT ONE TO THEIR THEY DID NOT PROPOSE RESIDENT SERVICES AS PART OF THEIR I WAS PART OF THEIR APPLICATION. I THINK THIS IS SOMETHING THAT COULD BE EASILY EASILY WORKED THROUGH IN PARTNERSHIP BUT BUT IT WASN'T INCLUDED IN THE ORIGINAL PROPOSAL AND THAT'S PART OF YOUR INVESTMENT PRIORITIES BUT THE REAL THE YOU KNOW THE THE THE REAL THE LAST PIECE I'LL SAY IS THAT WE LOOK AT THE PROPOSED SCHEDULES FROM OUR PARTNERS BECAUSE WE WANT TO GET UNITS ON THE GROUND FOR YOU AS QUICKLY AS POSSIBLE AND OF ALL OF THE PROPOSALS THIS WAS THEIR LATEST CONSTRUCTION THEY START THAT WAS PROPOSED AND SO THOSE THOSE AND THEN JUST THE FUNDING CONSTRAINTS BECAUSE OF THOSE THINGS. THIS ONE THIS ONE IS RECOMMENDED FOR DEFERRAL. WE DID FOLLOW UP AND ACTUALLY HAD A CONVERSATION WITH CHAIR MAYFIELD AND WE FOLLOWED UP WITH THE DEVELOPER BECAUSE WE WE HEARD YOU YOU WANT TO ENSURE AFFORDABILITY AT RIVER DISTRICT . IT'S A IT'S A PRIORITY. THAT'S VERY CLEAR. SO WE TALKED TO OUR DEVELOPMENT PARTNER FOR THIS ONE TO FIND OUT WOULD IT BE HELPFUL TO PROCEED WITH LAND ACQUISITION AT THIS POINT TO SECURE THE LAND SO THAT THEY WOULD BE ABLE TO COME BACK IN FOR THE CONSTRUCTION LATER AND OUR PARTNERS IN THIS ONE SAID SAID NO, THAT ONE AND ACTUALLY BE THAT HELPFUL TO THEM THE THERE THEY WOULD LIKE TO TO PROCEED WHEN ALL OVER THE FUNDING IS AVAILABLE SO WE WE THINK THIS IS A IMPORTANT LOCATION TO SECURE ADDITIONAL AFFORDABLE HOUSING BUT THOSE ARE EXAMPLES OF THE CONSIDERATIONS THAT THAT STAFF MAKES AS WE GO THROUGH OUR RECOMMENDATIONS. >> SO BEFORE WE MOVE ON FOR THIS ONE, I HAVE A QUESTION BUT MY COLLEAGUE COUNCILMEMBER OWENS HAS BEEN ABLE TO JOIN US NOW AND I BELIEVE SHE HAS A QUESTION AND THANK YOU, CHAIR MAYFIELD. I ACTUALLY HAVE SEVERAL QUESTIONS AND SO I WILL DEFER THOSE TO A LITTLE BIT LATER IN THE PRESENTATION. BUT THE FIRST COMMENT THAT I WANTED TO MAKE WAS AROUND WHAT YOU WERE DESCRIBED AND WHEN THESE THINGS HAVE BEEN TO US BEFORE I THINK IT WOULD BE HELPFUL FOR ME AS A NEW COUNCIL MEMBER TO HAVE THAT THAT SOMEWHERE IN THE PRESENTATION SO WHEN IT IS SOMETHING THAT WE'VE SEEN BEFORE AND WHAT CHANGES PERHAPS HAVE MADE IT COME UP AGAIN FROM DEFERRAL TO A NEW SITUATION IS THAT SOMEPLACE AND I'M MISSING IT OR IS THAT JUST AS YOU'VE ARTICULATED IN THE PRESENTATION ? >> YES. SO ON THE ONES THAT WERE RECOMMENDED, THOSE ARE ITEMS THAT I ARTICULATED DURING THE PRESENTATION LAST WEEK. >> BUT I CAN WRITE THOSE UP TO PROVIDE YOU THAT ADDITIONAL CONTEXT AND WE CAN AND WHAT WE CAN DO IS SEND YOU THE COMPARISON OF HOW THE CURRENT PROPOSAL LOOKS COMPARED TO THE ONE THAT WAS REVIEWED BY COUNCIL LAST TIME THEY SAW IT AND I JUST IF I MAY CHAIR MAY JUST ONE OTHER POINT ON THIS. I JUST FOR ME SOME OF THE REZONINGS THAT WE HAVE BEEN ASKED TO DO AT LEAST ONE AND I THINK POSSIBLY TWO HAVE SAID THAT THEY WOULD TRY FOR EXAMPLE, TWO DIFFERENT ROUNDS OF HOUSING TRUST FUND AND THEN THE ZONING WOULD REVERT BACK TO, YOU KNOW, A LESS INCLUSIVE USE. AND SO I JUST THINK THAT'S USEFUL FOR US TO UNDERSTAND WHEN SOMETHING IS COMING UP THAT SECOND TIME THE WHOLE CONSEQUENCES OF THAT. >> SO I WOULD JUST I JUST WANT TO CLARIFY FOR FOR FOR THE FOR THE VIEWER VIEWER VIEWING PUBLIC THE THE ZONING THE ZONING DOES NOT REVERT NECESSARILY ONLY THE ZONING HAS THE REZONING WAS APPROVED SO THE ZONING IS IN PLACE. THE ZONING DOES NOT CHANGE. >> OKAY. YEAH THERE WERE A COUPLE WHERE THEY SAID THEY AGREED THAT IT WOULD GO BACK TO A LESS A LESS BROAD USE BECAUSE THAT WAS PART OF THE SALESMANSHIP WITH THE COMMUNITY. SO MAYBE WE CAN TAKE THIS OFF LINE BECAUSE THERE ARE A COUPLE THAT WE'VE SEEN LIKE THAT LATELY WHERE THE COMMUNITY WAS ONLY EXCITED ABOUT MULTIFAMILY IF IT WAS GOING TO BE AM I RESTRICTED AND IT CAN ONLY BE AM I RESTRICTED IF WE HAD A HOUSING TRUST FUND AND THEY WERE GOING TO TRY 1 OR 2 ROUNDS OF HOUSING TRUST FUND SO LET'S TAKE THAT OFF LINE. >> SURE. YEAH. AND WHAT HOW YOU'VE CHARACTERIZED IT IS CORRECT THAT THE DEVELOPER IS ABLE TO OFFER AS PART OF A REZONING WHAT THEIR PLANS ARE BUT THE ALL OF THE USES THERE ARE STILL ALLOWED WHATEVER IS BY RIGHT WITH THAT ZONING IS STILL ALLOWED. OKAY. THANK YOU. ADDITIONAL QUESTION AND COUNCIL MEMBER ALWAYS KNOW I'VE GOT OTHERS BUT I'LL WAIT. >> THANK YOU. THANK YOU SO MUCH COUNCIL MEMBER AS WELL AS ED IS. THANK YOU CHAIR MAYFIELD THANK YOU DIRECTOR HEFFNER LET ME STICK ON RIVER DISTRICT AND THEN I HAVE A SUBSEQUENT QUESTION TO COUNCIL MEMBER OWENS BROUGHT UP AND PERHAPS THIS IS JUST GETTING A LITTLE BIT TOO IN THE POLICY WEEDS WHY IS LAND ACQUISITION NOT HELPFUL TO THE DEVELOPER IN THIS INSTANCE AND THIS IS MORE SO FROM MY OWN LEARNING PURPOSES EDUCATIONAL PURPOSES TO MAKE THAT DECISION. >> OKAY. YEAH BUT IT'S IT'S ENTIRELY EASY TO DO WITH THEIR WHAT HOWEVER THEY ARE CONTRACTED WITH THE LANDOWNER SO IT'S NOT TO DO WITH THE CITY IT IS IT'S THE RESPONSE OF THE DEVELOPER GAVE US WHEN WE OFFERED WHEN WE OFFERED THAT AS A PATH FORWARD THEY SHARED THAT THAT THAT WAS NOT A PATH OF INTEREST TO THEM GOT IT. AND MY SECOND QUESTION ACTUALLY I'M GOING TO DEFER TO THE OTHER SIDE WHEN IT COMES UP BUT JUST FOR THE PUBLIC TO KNOW I KNOW THE ANSWER TO THIS BUT WHEN YOU SAY DEFER TO THE NEXT OPPORTUNITY, THAT DOES NOT NECESSARILY MEAN A GUARANTEE FOR SELECTION OR AWARDING OF THE HCF. >> THAT'S CORRECT. THANK YOU. IT MEANS DEFERRED TO THE OPPORTUNITY TO APPLY AGAIN. >> GOT IT. THANK YOU. THANK YOU SO MUCH. AND THAT I HAVE NOT THE ONE QUESTION THAT I WAS ASK FOR A LITTLE CAMP CLARITY ON THIS I HAVE THREE OF THE NEWLY ELECTED MEMBERS ON OUR COMMITTEE WHEN WE LOOK AT THE LOCATION SUMMARY PROXIMITY PROXIMITY TO WHAT WHAT ARE WE LOOKING AT? SO WHEN WE'RE LOOKING AT RIVER DISTRICT WE HAVE MY COLLEAGUES MAY HOW THEY DIDN'T WANT OUR COMMITTEE CURRENTLY WAS ACTUALLY ON COUNCIL WHEN WE FIRST STARTED THE CONVERSATION BUT WE HAVE BUS TRANSPORTATION THAT'S IN THE AREA. YOU HAVE A SHOPPING CENTER, YOU HAVE RETAIL, YOU HAVE A NUMBER OF THINGS THAT ARE IN PROXIMITY TO WHERE THE DEVELOPMENT WOULD BE AS THEY HAVE NOT NOW BECAUSE I WANT YOU TO BE ABLE TO GET THROUGH THE ENTIRE PRESENTATION TO BE ABLE TO NOT ONLY ADVISE MY COMMITTEE MEMBERS BUT THOSE WHO MAY BE WATCHING OR HERE IN ATTENDANCE TODAY NOW SO I THINK ACTUALLY IT IF I MAY TALK ABOUT IT HERE, I THINK IT MATTERS BECAUSE SO WITH WITH IN YOUR HOUSING FUNDING POLICY YOU HAVE LOCATION PRIORITIES AND THOSE LOCATION PRIORITIES WE WE HAVE A TOOL TO HELP YOU UNDERSTAND HOW IT MEETS YOUR LOCATION PRIORITIES AND THAT'S THE HOUSING TRUST FUND LOCATION AND SCORING TOOL. >> SO ONE OF THE THINGS THAT YOUR STAFF DOES REVIEW TO WHEN WE RECEIVE APPLICATIONS IS THAT SCORE AND WE PROVIDE IT TO YOU IN THE DIFFERENT COMPONENTS. >> AND WHAT I WOULD SAY IS IN GENERAL WE ARE LOOKING FOR FOR DEVELOPMENTS THAT HAVE COMPARATIVELY HIGHER SCORES BECAUSE IT INDICATES THAT IT'S APPROXIMATE SERVICES AND AMENITIES OR HAS ACCESS TO JOBS IS IN A NEIGHBORHOOD THAT IS EXPERIENCING A LOT OF CHANGE AND CONSTRUCTION ACTIVITY OR AND OR IT'S PROVIDING DIVERSE PRICE POINT HOUSING RIVER DISTRICT IS A LITTLE BIT OF A AN ANOMALY IN THAT IT'S BEING BUILT OUT ALL AT ONCE AND SO THE AMENITIES ARE NOT CURRENTLY THERE SO IT RECEIVES A PROXIMITY SCORE OF ZERO BUT THAT'S NOT IN THIS CASE A BAD THING BECAUSE WE KNOW IN THE MASTER PLAN THAT THOSE AMENITIES ARE COMING AND SO WE'RE IN AGAIN THE ACCESS IS LOWER BECAUSE THE TRANSIT IS NOT ALL ENTIRELY BUILT OUT YET AND SO THIS IS AN EXAMPLE AGAIN WHERE YOU WOULD YOU WOULD BE YOU WOULD BE STILL GETTING IN EARLY BY BY FUNDING THE RIVER DISTRICT ANY TIME ANY TIME IN IN THIS KIND OF CURRENT ERA WHERE THE WHERE THE SERVICES AND MINORITIES ARE NOT IN PLACE YET. >> DOES THAT ANSWER YOUR QUESTION SIR? >> MAYFIELD IT HELPS JUST IN CASE THEY KNEW WHAT WAS SCUSE ME WONDERING ABOUT THE ZERO SCORE AND PROXIMITY WHEN YOU LOOK AT WHERE THE RIVER DISTRICT IS LOCATED VERSUS THE AIRPORT. YEAH. CHARLOTTE PREMIUM OUTLETS ALL THE DEVELOPMENT THAT HAS HAPPENED AROUND OUTLETS AND THEN JUST FOR FOR REFERENCE AS YOU THINK ABOUT THE OTHER THE OTHER DEVELOPMENTS AND THE SITE SCORES AND THE KINDS OF AMENITIES THAT GAIN POINTS IN THE PROXIMITY SCORE INCLUDE ACCESS TO TRANSIT BUS STOP OR LIGHT RAIL STOP ACCESS TO FINANCIAL SERVICES, SHOPPING CENTERS PARKS SCHOOLS GROCERY STORES, PHARMACIES I THINK THAT'S ABOUT IT. SO THAT'S IN THE THE SITE THE LOCATIONAL SCORING TOOL. THANK YOU. THE RIGHT TO HAVE YOU KNOW WE CAN KEEP GOING. >> OKAY NEXT SLIDE PLEASE. >> SO THE NEXT DEVELOPMENT THAT IS IS IN THE THE RECOMMENDED FOR DEFERRAL IS NEVIN TRACE INVENTORIES IS AND IS A 4% TAX CREDIT DEVELOPMENT THAT WAS PROPOSED ON STATESVILLE ROAD IN DISTRICT TWO AND AND I WOULD SAY ON THIS ONE IT'S YOU KNOW AGAIN LIMITED FUNDS SO WE'RE LOOKING YOU KNOW, LOOKING FOR THE THE STRONGEST VALUE PROPOSITIONS AND BUT BUT WHEN YOU COMPARE THIS ONE TO THE RECOMMENDED PROJECTS YOU'RE GETTING A HIGHER VALUE PROPOSITION HERE RELATED TO LOCATION RESIDENT SERVICES AND EFFICIENCY OF THE INVESTMENT. AND SO THIS ONE THIS ONE IS IS ON THE RECOMMENDED FOR DEFERRAL LIST BUT AGAIN A STRONG PROPOSAL ONE THAT WE THINK WE COULD CONTINUE TO WORK WITH THE DEVELOPER ON THIS ONE AGAIN HAS HAS A COMPARED TIVELY LOWER TOTAL SITE SCORE. BUT AS WE'VE DISCUSSED IN COMMITTEE IN THE PAST YOU'RE REALLY LOOKING AT BREAKING THAT DOWN INTO ITS COMPONENT PARTS AND TO TO LEARN MORE ABOUT THE LOCATION ITSELF. NEXT SLIDE THE NEXT ONE HERE IS THE GREER RESERVES. SO GOING BACK GOING BACK TO THAT ORIGINAL MAP WHERE YOU WERE LOOKING AT THE CLUSTER OF OF DOTS AND SQUARES THAT IS AGAIN THE COUNTY OWNED LAND AND THE BUILDING BUILDINGS WE FORMER BILLINGSLEY LOCATION IN GREER HEIGHTS THE DEVELOPMENT PARTNER HERE DREAM KEY PARTNERS AND THEY LAST ROUND YOU APPROVED A HOME OWNERSHIP COMMUNITY HERE ARLINGTON TOWNHOMES WHICH IS I THINK IT WAS 35 TOWNHOME HOMES ALSO IN THIS ROUND BILLINGSLEY HOME OWNERSHIP WHICH IS 21 AFFORDABLE HOME OWNERSHIP UNITS ACTUALLY 19 SINGLE FAMILY AND ONE TO IT AND THAT'S PROPOSED BY CROSSROADS CDC AND THEN SO THOSE ARE THE TWO HOME OWNERSHIP AND THEN THERE WERE TWO MULTIFAMILY ONE THE VILLAGE AT GREER HEIGHTS AND THE OTHER THE GREER RESERVES. AND SO WHEN THESE WHEN THESE ORIGINALLY CAME IN FROM DREAM KEY, IF YOU HAD FUNDED BOTH OF THEM ALL OF YOUR FAMILIES IT WOULD HAVE EXCEEDED THE AMOUNT OF MONEY YOU HAD AVAILABLE. SO WE HAD AN INITIAL CONVERSATION WITH OUR PARTNERS ABOUT THE THE THE THE THE PRIORITIES AND WHAT WAS WHAT WAS READY AND HOW HOW IT HOW WE MIGHT WORK TOGETHER ALONG WITH THE COUNTY TO CONTINUE TO MAKE PROGRESS AT THIS SITE AND IT WAS YOU KNOW ESSENTIALLY MUTUALLY AGREED UPON THAT THE VILLAGE AT GREER HEIGHTS WAS A PRIORITY FOR THIS ROUND AND AND THAT THEY WOULD BRING FORWARD THE LIBRARY RESERVES POTENTIALLY IN THE IN THE FUTURE AROUND FOR ADDITIONAL CONSIDERATION NEXT SLIDE SO THE LAST ONE ON THE RECOMMENDED FOR DEFERRAL IS THE PROPOSAL THAT CAME IN UNDER INNOVATIONS WHICH WAS FROM THE WEST SIDE COMMUNITY LAND TRUST AND THEY PROPOSED FIVE A SINGLE FAMILY MODULAR HOMES WITH WITH 80 USE SO FIVE HOMES AND 580 USE AND AND I WANT TO JUST BE FOR THE VERBAL RECORD IN ADDITION TO THE EMAIL I SENT YOU I DIDN'T I DID MISSPEAK ABOUT THIS ONE LAST MONDAY NIGHT I INDICATED THAT THEY HAD AN IDENTIFIED SITE. YES. BUT THEY ABSOLUTELY HAVE YOU CAN SEE THEM ON THIS MAP. >> THE CORRECT INFORMATION IS IN THE BOOK. SO MY APOLOGIES TO WESTSIDE COMMUNITY LAND TRUST AND THE RECORD IS IS ALL NOW CORRECT. SO HOWEVER THE IDEA OF THE INNOVATION AND CATEGORY WAS WAS TO ACCEPT CONCEPTS AND THEN WORK WITH OUR PARTNERS TO ADVANCE THOSE CONCEPTS AND ESSENTIALLY FROM YOUR STAFF'S ASSESSMENT OF THIS ONE IS RIGHT THIS IS ACTUALLY AN INTRIGUING CONCEPT. IT'S SOMETHING THAT WE'VE BEEN WORKING ON. WE'VE BROUGHT YOU PROPOSALS FOR THIS TYPE OF THING BEFORE AND SO WE THINK IT'S PROMISING AND VERY WORTHY OF FURTHER EXPLORATION. AND SO WHAT WE'RE RECOMMENDING IS THAT IT'S DEFERRED TO THE NEXT HOME OWNERSHIP OPPORTUNITY BECAUSE THIS IS REALLY A HOME OWNERSHIP DEVELOPMENT THAT IT WOULD IT WOULD GIVE TIME FOR OUR PARTNER TO PROVIDE GREATER DETAIL ON THE FINANCIAL THE OVERALL FINANCIAL STRUCTURE, WHAT THEIR ASSUMPTIONS ARE ABOUT SUBSIDY AND ALSO IN TERMS OF INNOVATION AND WHAT ARE SOME OF THE SCALABLE CITY OPPORTUNITIES. AND SO BECAUSE THIS CAME IN UNDER THE INNOVATION CATEGORY THE APPLICANT DIDN'T COMPLETE ALL OF THE SAME INFORMATION THAT'S REQUIRED FOR HOME OWNERSHIP DEVELOPMENTS AND SO WHAT WE WHAT WE WE'RE VERY EXCITED ABOUT THIS IDEA AND AND AND WE'VE BEEN TALKING ABOUT IT ALL THE WAY SINCE NEST COMMISSION WRITE IT TO USE PAIRED WITH HOMEOWNERSHIP ARE A GREAT WAY TO CREATE AN ADDITIONAL UNIT OF AFFORDABLE HOUSING AND AN INCOME STREAM FOR THE HOMEOWNER AND WE'RE JUST RECOMMENDING THAT IT BE DEFERRED UNTIL THE NEXT HOMEOWNERSHIP OPPORTUNITY SO THAT WE HAVE TIME TO WORK WITH THE PARTNER ON THE FULL FINANCIAL STRUCTURE. >> SO WITH THAT ONE I BELIEVE TWO OF MY COLLEAGUES BOTH COUNCILMEMBER MAYO EXCUSE ME AS WELL AS COUNCILMEMBER OWENS. WELL, I HAVE A QUESTION SO I WILL START WITH COUNCILMEMBER MAYER AND THANK YOU CHAIR. >> MY FIELD QUESTION, REBECCA AND I KNOW YOU AND I HAVE ALREADY CHATTED ABOUT THIS ONE. >> JUST WONDERING I'M NOT SURE IF THIS IS THE BEST TIME TO ASK THIS QUESTION TO YOU. >> IS IT IF WE DON'T FOLLOW THROUGH WITH IT THE ADU OR THIS PROJECT SINCE THIS IS THE ONLY PROPOSAL THAT WE HAVE FOR INNOVATION, WHAT ARE YOUR PLANS FOR THIS LIKE CYCLE OR WOULD WE JUST DISPERSE THE MONEY OR SOMETHING ELSE? >> YEAH. SO THE ANSWER THE ANSWER IS A QUESTION WHICH IS WHAT ARE YOUR PLANS? AND SO YOU WILL HAVE AN OPPORTUNITY IN YOUR MAY HOUSING COMMITTEE MEETING TO TALK ABOUT THE BALANCE OF FUNDS IN THE HOUSING TRUST FUND. WHATEVER AMOUNT REMAINS AFTER YOUR VOTE ON APRIL 27TH. AND SO ONE OF THE THINGS WE'VE WE'VE ILLUSTRATED IT IN THE SLIDES AND MAYBE WE'LL GO AHEAD AND GO THROUGH THIS BRIEFLY IS IF YOU GO TO SLIDE 36 ZERO AT THE END. SO IF THE FULL SLATE OF RECOMMENDATIONS ARE APPROVED AND THAT'S IF THAT'S YOU KNOW, THIS IS STAFF RECOMMENDATIONS AND BUT IF IF THESE WERE APPROVED YOU WOULD YOU WOULD END UP WITH A BALANCE OF A LITTLE OVER 14 MILLION THAT WOULD BE THE FORECAST. AND SO YOU CAN SEE THAT THERE WOULD BE FUNDING REMAINING IN YOUR CATEGORIES OF HOMEOWNERSHIP SUPPORTIVE HOUSING REHAB AND THE INNOVATION PILOT SITE ACQUISITION AND THEN A LITTLE BIT UNDER ADMIN AND SO YOU'LL HAVE AN OPPORTUNITY IN YOUR MAY COMMITTEE MEETING TO DISCUSS AND PROPOSE TO COUNCIL HOW YOU'D LIKE TO PROCEED WITH THOSE DOLLARS IF IF NO ACTION IS TAKEN THEN THEN THE WHAT WOULD HAPPEN IS STAFF WOULD TAKE STEPS TO ACTIVATE THE REMAINDER OF THE FUNDS IN A SUMMER RFP ROUND AND THAT WOULD LOOK LIKE OPENING AROUND THAT SPECIFIC TO HOMEOWNERSHIP, SUPPORTIVE HOUSING AND INNOVATION. AND WE KNOW THAT THERE ARE ADDITIONAL OPPORTUNITIES OUT IN THE COMMUNITY FOR THOSE FOR THOSE TYPES OF PROJECTS AND RIGHT SO THAT THAT'S WHAT WOULD HAPPEN IF WE JUST STAYED THE CURRENT COURSE. HOWEVER, YOU'LL HAVE AN OPPORTUNITY TO TALK ABOUT THE YOU KNOW THE TWO KNOW CAN PROPOSALS THAT HAVE BEEN SUBMITTED ALONG WITH ANY OF THE DEFERRED DEVELOPMENTS AND MAKE A RECOMMENDATION AS A COMMITTEE TO YOUR COLLEAGUES ON COUNCIL ABOUT HOW TO MOVE FORWARD? >> THANK YOU. MS. MAYO DID YOU HAVE A FOLLOW UP? >> YEAH, THAT WAS ADEQUATE. THANK YOU SO MUCH REBECCA THAT WAS A GREAT KIND OF RECAP OF WHERE I WAS GOING AND ASKING. >> THANK YOU. THANK YOU. COUNCILMEMBER OWENS CHAIR MAYFIELD THANK YOU VERY MUCH. AND REBECCA, I DID HAVE ONE COMMENT CAUSE I QUESTION ON THIS IF YOU SITUATION BUT PLEASE NOTE I DO HAVE SEVERAL COMMENTS ON THE OTHER DOCUMENTS AS WELL BUT I WILL ON THIS YEAR ONE OF THE THINGS THAT I'VE CONFRONTED IN MY DISTRICT HAS BEEN THE USE OF 80 YEARS FOR SHORT TERM RENTALS AS IN LIKE AIRBNBS. IS THAT HOW THEY WERE PROPOSING THIS? WAS THIS FOR LONG TERM RENTALS AND CAN WE LOOK AT MAYBE RESTRICTING IT BECAUSE I THINK ONE OF THE THINGS WITH THE AIRBNB SITUATION HAS BEEN A FAIR AMOUNT OF COMMUNITY AGITA AROUND THE CONSTANT CYCLING OF RANDOM PEOPLE AT RANDOM TIMES. SO I JUST I WANT TO PUT THAT OUT THERE ON THIS ONE. >> YEAH. SO I THINK THANK YOU FOR THE QUESTION WE HAVE HAVING CODE ENFORCEMENT ALSO IN OUR IN OUR DEPARTMENT WE OFTEN RUN INTO THAT CHALLENGE FROM OUR COMMUNITY MEMBERS AS WELL. SO THIS IS THIS IS NOT PROPOSED TO BE USED AS SHORT TERM RENTAL SO THE 80 YOU ITSELF WOULD BE WOULD BE RESTRICTED AS AN AFFORDABLE RENTAL AND AND WOULD BE SUBJECT TO ALL OF THE SAME TYPES OF RESTRICTIONS AND MONITORING THAT ANY OF OUR OUR OF OUR OTHER RENTAL INVEST MENTS WOULD BE SUBJECT TO WERE IN DO YOU WANT TO EXPAND ON THAT ANY FOR US PLEASE? SURE YEAH WE CAN USE THE SAME TOOLS THAT WE USED TO RESTRICT YOUR CURRENT PROJECTS AND YOUR CURRENT GOALS ON ON THE 80 USE AS WELL. SO IT WOULD MOSTLY LOOK LIKE A LIMIT ON SHORT TERM LEASES THAT WOULD IT WOULD REQUIRE THEM TO HAVE A CERTAIN LENGTH OF TIME PERIOD ON THE LEASE OF THE 80 YOU OTHERWISE IT WOULD BE A VIOLATION OF THE RESTRICTION. OKAY. THANK YOU. AND CHAIR MAYFIELD AGAIN I WILL WAIT IF YOU'LL JUST PUT ME ON THE LIST FOR QUESTIONS ON THE WHOLE PRESENTATION. >> THANK YOU. YES, DEFINITELY. AND SO I HAPPEN TO I JUST WANT TO CLARIFICATION SO WE HAVE AN INNOVATIVE FINE WHICH WE HAVE STILL A BALANCING BUT WHAT I WANT TO MAKE SURE I'M HEARING YOU CORRECTLY WHAT YOU'RE REFERENCING IS THAT YOU TAKE THIS PARTICULAR PROPOSAL FALLS IN MORE ALIGNMENT SCUSE ME WITH THE HOME OWNERSHIP LINE ITEM VERSUS THE INNOVATION PILOT BOND YES. >> SO IN YOUR AFFORDABLE HOUSING FUNDING POLICY UNDER THE HOME OWNERSHIP CATEGORY YOU ACTUALLY SPECIFY THAT THAT CAN INCLUDE HOMEOWNERSHIP WITH 80 USE AND SO SO WE WE THINK THIS ACTUALLY FITS WELL WITHIN IT WITHIN THE HOMEOWNERSHIP CATEGORY AND IN PARTICULAR BECAUSE THE IN THE INNOVATION IT'S NOT NEW NOT THAT WE'RE MAKING A JUDGMENT ON ITS INNOVATION BUT THAT WE'RE SAYING TO TO APPLY INTO THE INNOVATION CATEGORY IS INHERENTLY TO APPLY AS A CONCEPT AND SO WHERE THIS ONE IN ORDER TO REALLY ASSESS AND MAKE A RECOMMENDATION WE WOULD WANT TO SEE ALL OF THE SAME INFORMATION THAT AN APPLICANT PROVIDES WHEN THEY APPLY TO THE HOME OWNERSHIP CATEGORY. >> ANYTHING TO ADD THERE, WARREN NO, THERE'S THERE'S ADDITIONAL INFORMATION THAT WE NEED TO REVIEW THAT COMES IN THROUGH THE HOMEOWNERSHIP LENS THAT WILL BE HELPFUL IN PROVIDING YOU A GOOD RECOMMENDATION ON THE ON THE MERITS OF THE OF THE PROPOSAL. >> I APPRECIATE THAT AND MR. WALDEN, IS THAT ARE WE ALSO LOOKING AT THE FACT THAT THE CITY IDENTIFIED 80 OH PROGRAM WHERE WE RECEIVED QUITE A FEW APPLICATIONS AND GOING THROUGH THAT SO ARE WE TRYING TO MAKE SURE THAT THERE'S ALIGNMENT BECAUSE THIS IS THE FIRST I'M QUITE SURE WE'RE GOING TO WE MAY SEE OTHER OPPORTUNITIES SIMILAR TO THIS BUT WE ALREADY HAVE A FRAMEWORK FOR EDU PROGRAM THAT WE'RE WORKING OUR WAY THROUGH. YOU CAN ANSWER THAT NOW OR THAT CAN BE A FOLLOW UP WHERE WE GET UPDATE ON THE EDU PROGRAM. >> YEAH YOU DO HAVE AN IDEA PROGRAM CHAIR MAY FEEL YOU HAVE A VERY EXCITED GROUP OF PARTICIPANTS THAT ARE GOING THROUGH THAT PROGRAM RIGHT NOW AND WE'RE LEARNING A LOT OF LESSONS THAT WE'RE GOING TO BE ABLE TO PROVIDE BACK TO YOU. THIS IS A NEW AREA AND IT'S A VERY COMPLICATED AREA THAT WE WANT TO MAKE SURE THAT WE GET RIGHT AND PROVIDE YOU THE BEST INFORMATION SO THERE'S MORE TO COME ON THAT WE'RE GOING TO GIVE YOU COUNCIL AND COMMITTEE AN UPDATE ON ALL OF THE WORK THAT WE'VE DONE AROUND 80 USE TO PROVIDE JUST SOME RECOMMENDATIONS ON BEST PRACTICES TO MOVE FORWARD AND THIS WILL BE PART OF THAT WORK AS AS A REMINDER YOU DO ACTUALLY HAVE AN OPEN REFERRAL RELATED TO 80 USE THAT CAME FROM THE DYESS LAST FALL. IT'S JUST YOU ALL HAVE BEEN SO BUSY WITH WITH WITH WITH SO MANY OTHER IMPORTANT MEATY TOPICS THAT WE HAVEN'T GOTTEN TO IT YET. SO WE'RE WE ARE READY WHEN THE AGENDA ALLOWS AND WHEN WE GET TO THE NEXT STEP ON THIS ONE, I THINK IT'LL BE HELPFUL ALSO THEY HAVE A CLEAR UNDERSTANDING JUST WHERE THIS PARTICULAR MODULE OF HOMES PLUS THE 80 YOU PROPOSAL SO FAR WE HAVE ON HERE ESTIMATED INVESTMENT PER UNIT 80,000 HAVING A CLEAR BREAKDOWN ARE WE SAYING 80,000 FOR THE HOUSE OR 80,000 FOR THE 80 UNIT HOUSE BECAUSE THE 80 U IS AROUND 20 TO 30,000 IS SOME AREAS IT COULD BE A LITTLE MORE IS THAT 800FT? IS THAT 700FT? WHAT DOES THAT LOOK LIKE? SO I THINK IF WE'RE LOW CLEARER ON WHAT OUR WHAT WE ARE DAILY LOOKING FOR THAT I HELP THE APPLICANTS WHEN THEY ARE SUBMITTING SO THAT WILL EASILY BE ABLE TO IDENTIFY BECAUSE LOOKING AT INITIALLY WHERE LIKE OKAY 800,000 DOESN'T NECESSARILY SEEM LIKE A OUTRAGEOUS AMOUNT WHEN WE HAVE A REQUEST FOR 7 MILLION YET IS THAT IN TOTALITY FOR TWO DIFFERENT BUILDINGS THAT'S GOING TO POTENTIALLY HOUSE PEOPLE RIGHT SO SO THIS ONE IN PARTICULAR IS TEN TOTAL UNITS AND THAT'S HOW YOU GET TO THE 80,000 PER UNIT. BUT THOSE UNITS ARE FIVE SINGLE FAMILY HOMES AND 580 USE AND SO THE 80 YOU COST IS NOT THAT HIGH IN THIS PARTICULAR INSTANCE THE SINGLE FAMILY COST WOULD BE HIGHER HIGHER NOT YOU KNOW HIGHER THAN SOME OF THE OTHER INVESTMENTS THAT YOU'RE MAKING IN HOMEOWNERSHIP IN THIS ROUND. SO AGAIN, I THINK THIS ONE IS WORTHY OF EXPLORATION AND AND WE CAN DO A LITTLE BIT MORE TO BRING YOU A BETTER RECOMMENDATION AT A FUTURE TIME . >> THANK YOU. VILLAGE AT GREATER HEIGHTS SO SO VILLAGE OF YEAR HEIGHTS THAT'S ON THE LIST OF RECOMMENDED FOR FUNDING SO WE WENT THROUGH WE WENT THROUGH STARTING FROM STARTING FROM VILLAGE AT GREATER HEIGHTS ALL THE WAY THROUGH TO THE END IN YOUR PRESENTATION LAST MONDAY SO I'M I'M HAPPY TO ANSWER QUESTIONS ABOUT THOSE BUT FOR RIGHT NOW IF I COULD SKIP FORWARD PLEASE TO SLIDE 33. >> SO WE'RE GOING TO JUMP PAST FOUR NOW I'M GOING TO I'M GOING TO JUMP PAST THE RECOMMEND FUNDING RECOMMENDATIONS FOR FOR MULTIFAMILY AND HOMEOWNERSHIP. THOSE ARE THE ONES THAT I WENT THROUGH AND SLIDE BY SLIDE ON MONDAY BUT ABSOLUTELY HAPPY AND HERE TO ANSWER CLARIFYING QUESTIONS BUT JUST TO CLOSE OUT THE PRESENTATION AND THEN AND HAND IT BACK TO YOU THE OVERALL RECOMMENDATIONS INCLUDE 11.213 MILLION IN IN RENTAL HOUSING PRODUCTION AND 9.65 FOR AND HOME OWNERSHIP. >> NEXT SLIDE THIS SLIDE DEPICTS THE BREAKDOWN OF THE NUMBER OF UNITS BY AM I LEVEL ALONG WITH THE RENT RANGE OR SALES PRICE RANGE DEPENDING ON IF IT'S RENTAL OR HOME OWNERSHIP. ONE THING AGAIN THAT I SHARED LAST WEEK AND I'LL I'LL SAY AGAIN IS THAT YOUR STAFF THEY DID AN INCREDIBLE JOB IN THIS ROUND WITH IN THAT MULTIFAMILY INVESTMENT CATEGORY WITH JUST OVER $11 MILLION TO NEGOTIATE 479 UNITS AND 25% OF THEM AT 30% AM I THAT'S A VERY EFFICIENT COLLECTION OF INVESTMENTS SO I'D LIKE TO SAY THANK YOU TO WARREN AND MICHAEL AND ALL OF THE FOLKS WHO WORKED ON THAT AND THEN IN ADDITION 214 HOME OWNERSHIP UNITS. AND SO YOU KNOW, I THINK THAT FOR FOR A THIRD ROUND YOU'VE GOT A PRETTY GREAT COLLECTION OF OPPORTUNITIES TO INVEST AND THEN NEXT SLIDE SO AGAIN THIS IS THIS IS JUST THE FORECAST OF COURSE IF RECOMMENDATIONS ARE APPROVED. SO THE THE SLATE OF RECOMMENDATIONS WILL BE ON YOUR COUNCIL BUSINESS AGENDA ON MONDAY, APRIL THE 27TH WHEN YOU BREAKDOWN THE RENTAL HOUSING PRODUCTION INTO 9% VERSUS 4%, YOU CAN SEE THE NUMBERS HERE 7.35 MILLION IN 9 PERCENT AND THAT'S TO TWO DEVELOPMENTS AND 3.863 AND 4%. AND AS A REMINDER, THE DIFFERENCE THERE IS THAT THE 9% TAX CREDIT DEVELOPMENTS ARE HIGHLY COMPETITIVE. THE THERE'S AN UPCOMING DEADLINE WITH THE NORTH CAROLINA HOUSING FINANCE AGENCY AND AND SO ANY DEVELOPMENT THAT'S APPLYING FOR THOSE TAX CREDITS HAS TO HAVE THEIR FULL FOUR FUNDING STACK IN PLACE PRIOR TO THE APPLICATION AND THEN THEY'LL FIND OUT AND WE'LL FIND OUT IN THE AUGUST OR SEPTEMBER TIMEFRAME IF THE IF THEY'LL BE AWARDED THOSE 9% TAX CREDITS. AND WE HAVE HAD HAVE HAD OCCASIONS IN THE PAST WHERE COUNCIL HAS APPROVED FUNDING FOR A 9% TAX CREDIT DEVELOPMENT THAT WAS THEN NOT AWARDED TAX CREDITS. IF THAT WERE TO HAPPEN THEN THE AMOUNT OF FUNDING THAT YOU APPROVED COMES BACK TO THE HOUSING TRUST FUND. IT DOESN'T STAY ATTACHED TO THAT DEVELOPMENT WHILE THEY TRY AGAIN. IT COMES BACK TO THE HOUSING TRUST FUND FOR YOU TO REDEPLOY AND THEY MAY COME IN AND APPLY AGAIN BUT THEY DON'T KEEP YOUR ALLOCATION IN THE MEANTIME. SO JUST TO BE CLEAR ABOUT THAT AND SO YOUR TOTAL OUR TOTAL RECOMMEND NATIONS FOR STAFF FUNDING IS 20,867,000. AND THEN NEXT SLIDE WHICH WE TOUCHED ON EARLIER WHEN YOU TAKE THE INVESTMENTS YOU'VE ALREADY MADE AND YOU'RE BACK OUT THE HOLDS THAT WE HAVE IN PLACE FOR OPEN RFP AND THEN IF THE RECOMMENDATIONS WERE APPROVED THEN YOU WOULD HAVE 4.2813 77 LEFT IN THE HOUSING TRUST FUND. AND SO WITH THAT THOSE ARE ALL OF THE CHANGES AND THE UPDATES AND THE CLARIFICATIONS THAT WE'VE ALREADY BEEN ASKED FOR. >> SO I'LL TURN IT BACK TO OUR MAY FIELD FOR QUESTIONS. >> THANK YOU FOR A REALLY GOOD PRESENTATION TO THE ENTIRE TEAM AND ALL THE WORK THAT YOU DO AND WOULD ACTUALLY LOOK REALLY GOOD ON TIME. SO I KNOW COUNCILMEMBER MAYO AS WELL AS COUNCILMEMBER JOHNSON HAVE THEIR HANDS UP SO COUNCILMEMBER MAYO THE FLOOR IS YOURS. >> THANK YOU. REBECCA IS IT POSSIBLE FOR US TO RECEIVE AN EXAMPLE OF WHAT I INNOVATION LOOKS LIKE JUST BASED ON THE FACT THAT WE HAVEN'T REALLY SEEN THAT PREVIOUSLY? I THINK THAT WOULD BE HELPFUL AND I'M ALSO JUST WONDERING AT ALL I KNOW WE HAVE A HOUSING SUMMIT COMING UP HOUSING INNOVATION SUMMIT. ARE THERE ANY PLANS TO TO YOU AND THINK THROUGH ANY OF THOSE PITCHES THAT WE HEAR TO POTENTIALLY DRIVE KIND OF THAT INNOVATION PROPOSAL OR IDEA THAT WE HAVE? >> ABSOLUTELY. THANK YOU. COUNCIL MEMBER MAYO. SO INNOVATION IS THE KIND OF WORD THAT LOTS OF PEOPLE DEFINE IN LOTS OF DIFFERENT WAYS AND FOLLOWING THE APPROVAL OF THE HOUSING FUNDING POLICY COMMITTEE HAD A CONVERSATION LAST YEAR AND INITIAL CONVERSATION ABOUT WHAT YOU KNOW WHAT ARE YOUR EXPECTATIONS FOR INNOVATION AND FROM THAT STAFF WENT BACK AND WE DID A LITTLE BIT OF A THINKING ON ON THAT AND ONE OF THE THINGS ABOUT INNOVATION IS THAT IT'S SOMETHING THAT WE HAVE TO REALLY CULTIVATE IN PARTNERSHIP . SO IT'S HARD IT'S HARD TO ASK A DEVELOPER TO DO ALL OF THE LEGWORK AND PUT ALL OF THE MONEY IN UPFRONT THAT IT TAKES TO DEVELOP AN INNOVATIVE IDEA AND THEN AND THEN COME FORWARD AND TALK TO COUNCIL ABOUT IT WITHOUT KNOWING LIKE WHAT'S WHAT'S THE APPETITE. >> SO SO WE REALLY THINK ABOUT INNOVATION AS SOMETHING THAT'S CULTIVATED IN PARTNERSHIP AND SO YOU'VE ACTUALLY SEEN THE RESULTS OF OF SOME OF THOSE CONVERSATIONS COME FORWARD AND THEY'VE JUST BEEN, YOU KNOW, NOT CONNECTED TO THIS FUNDING CATEGORY THINGS LIKE THE PUBLIC DEVELOPMENT MODEL OR YOU KNOW, OTHER OPPORTUNITY IS THAT WE'VE BEEN DISCUSSING ESSENTIALLY TO DO THINGS DIFFERENTLY. BUT I'M REALLY EXCITED ABOUT THIS HOUSING INNOVATION SUMMIT AND I'D ACTUALLY LIKE TO ASK WARREN TO TO TALK A LITTLE BIT ABOUT MORE ABOUT WHAT THAT IS AND HOW WE THINK THAT IT MIGHT FEED INTO SOME NEW IDEAS FOR YOUR CONSIDERATION. >> YEAH, THANKS. SO THE HOUSING INNOVATION SUMMIT IS GOING TO BRING NATIONAL THINKERS IN THIS AREA TO OUR CITY. THESE ARE LARGE CORPORATIONS AND EXAMPLE IS LARGE NATIONAL HOMEBUILDERS. U.S. GYPSUM IS IS OFTEN AVAILABLE AND COMES TO THESE ALL THE WAY DOWN TO INNOVATE OF STARTUP ORGANIZATIONS THAT ARE TRYING OUT ENTIRELY NEW MODELS FOR BOTH BUILDING AND DIFFERENT DEPLOYMENT DEPLOYING METHODS FOR DEPLOYING HOUSING INTO THE MARKET. >> SO THIS WORK RUNS THE RANGE OF INNOVATION IN ACTUAL BUILDING CONSTRUCTION DESIGN AND MATERIALS USAGE TO DEPLOYMENT AND DIFFERENT TYPES OF ROBOTIC AND AIR TECHNOLOGIES TO REDUCE RACE, REDUCE WASTE AND IMPROVE DELIVERY TO THE MARKET ALL THE WAY THROUGH INNOVATIVE WAYS TO FINANCE HOUSING THAT'S CURRENTLY NOT AVAILABLE ON THE MARKET. SO I THINK THAT YOU'RE GOING TO SEE AND I HOPE YOU'LL BE PRESENT PLEASANTLY SURPRISED BY NOT JUST THE DEPTH AT WHICH PEOPLE ARE THINKING ABOUT THIS BUT THE BREADTH WHEN WE TALK ABOUT RESIDENTIAL INNOVATION OF WHAT THAT INCLUDES AND HOW SOME OF THIS STUFF IS ACTUALLY ACTIONABLE THAT YOU'LL BE ABLE TO TAKE BACK WILL BE ABLE TO BRING BACK INTO THE CITY AND ACTUALLY DIRECTLY CONNECTED TO YOUR INNOVATIVE WORK GOING FORWARD. THANK YOU. COUNCILMEMBER JOHNSON THANK YOU ,MADAM CHAIR. I JUST WANTED TO THANK REBECCA AND HER TEAM FOR THE PRESENTATION AND THE RECOMMENDATIONS. YOU YOU YOU USE THE WORD THIS IS A AN EFFECTIVE LIST AND I WOULD AGREE IT'S BEYOND EFFECTIVENESS. IT'S DIVERSE AND IMPACTFUL AND I'M REALLY HAPPY TO SEE THE THE RANGE YOU KNOW THE 30% THERE'S THAT NEED AND THEN THE HOMEOWNERSHIP. SO I REALLY FEEL LIKE WE HIT THE NAIL ON THE HEAD OR YOU ALL HIT THE NAIL ON THE HEAD AND I'M HONORED TO SUPPORT THIS IS THIS IS WHY WE DO WHAT WE DO. SO THANK YOU. THANK YOU FOR THE PRESENTATION . >> COUNCILMEMBER OWENS, ALL OF YOUR QUESTIONS. >> THANK YOU. THANK YOU. SO SOME OF THESE ARE BECAUSE I SEE LANGUAGE IN HERE THAT I LIKE AND I DON'T SEE IT ASSOCIATED WITH OTHER SIMILAR PROJECTS. AND SO REBECCA WARREN IT MAY BE THAT I DON'T APPRECIATE WHAT LEVERS WE HAVE TO PULL AS WE ARE NEGOTIATING WITH THESE. DOES THAT DOES THAT GIVE YOU GOOD CONTEXT? YEAH, WE'RE READY. OKAY. SO THE FIRST ONE I HAVE IS I DO SEE SOURCE OF INCOME RESTRICTIONS AS SOMETHING THAT I KNOW THAT WE CANNOT AS A STATE WE CANNOT DO BUT CAN WE HAVE THOSE IN THESE SO CAN VOUCHERS BE USED EVEN IF THE PROJECT DOESN'T SAY THAT IT CAN? IS IS THERE AN ABILITY TO BE AGNOSTIC AS TO THE SOURCE OF INCOME? >> YES. SO YOU HAVE THE CITY COUNCIL HAS A SOURCE OF INCOME POLICY THAT STATES THAT WHEN WHEN YOU HAVE INVESTED DOLLARS INTO A DEVELOPMENT. RIGHT. THAT THIS THAT THE OWNER CANNOT DISCRIMINATE BASED ON SOURCE OF INCOME. SO WHILE THAT'S NOT A YOU'RE NOT ALLOWED TO HAVE THAT POLICY CITYWIDE YOU GET TO SET SPECIFIC RESTRICTIONS WHEN IT'S YOUR OWN FUNDING AND SO YOU DO HAVE A SOURCE OF INCOME POLICY THAT STATES THAT AND SO ANY ANY TIME THAT YOU INVEST OR OR SUBSIDIES AND VOUCHERS ARE CONSIDERED ACCEPTED, THEY ARE PART OF A APPLICANT'S INCOME AND AN APPLICANT CANNOT BE DISCRIMINATED BASED ON THAT. >> OKAY. BECAUSE I'M LOOKING AT FOR EXAMPLE THIS FIRST ONE THE VILLAGE AT GREER HEIGHTS. I DON'T SEE ANYTHING REFERENCING VOUCHERS THERE BUT I DO SEE IT ON OAK VALLEY FAMILY WHERE IT HAS PROJECT BASED VOUCHERS. IS AM I THINKING OF THAT DIFFERENTLY OR ARE THOSE TWO DIFFERENT THINGS THOSE ARE TWO DIFFERENT THINGS. SO THERE'S TWO TWO PRIMARY TYPES OF OF RENTAL SUBSIDIES YOU CAN THINK ABOUT IT AS A SUBSIDY THAT'S ATTACHED TO A HOUSEHOLD AND THAT'S CALLED A TENANT BASED VOUCHER OR A SUBSIDY THAT'S ATTACHED TO A RENTAL UNIT. >> SO THAT IS A PROJECT BASED VOUCHER. THE PROJECT BASED VOUCHERS ARE ARE ACTUALLY FEDERAL. THEY'RE FEDERAL HOUSING CHOICE VOUCHERS THAT ARE AWARDED TO THE HOUSING AUTHORITY WHICH IN IN OUR COMMUNITY IS IN LOVE AGAIN. AND SO THOSE ARE USED TO ATTACH TO THE UNIT ITSELF SO THAT AND YOU KNOW THE HOUSEHOLD THAT THEN COMES INTO THAT UNIT THAT WHEN WHEN THERE'S A SUBSIDY ATTACHED ONLY PAYS 30% OF THEIR INCOME RIGHT OF THEIR INCOME REGARDLESS OF AMMA AND SO BUT IT'S REALLY JUST THE DIFFERENCE BETWEEN WHEN WHEN IN LIVING IN EITHER USES OR AWARDS BECAUSE SOMETIMES THEY AWARD PROJECT BASED VOUCHERS TO OTHER DEVELOPERS AND THE CITY ACTUALLY HAS AN MOU WITH AND LIBYAN TO TO TO ACCESS PROJECT BASED VOUCHERS ON A LIMITED BASIS BUT WHEN THAT THOSE ARE ATTACHED TO THE DEVELOPMENT ITSELF SO A HOUSEHOLD CAN MOVE IN AND THEY CAN YOU KNOW THEY THEY RECEIVE THE BENEFIT OF THAT BUT THEN WHEN THEY MOVE OUT THEY DON'T THEY DON'T CONTINUE TO RECEIVE THAT BENEFIT. THE NEXT HOUSEHOLD THAT COMES AND GETS THAT BENEFIT WHEN YOU WHEN YOU HAVE A TENANT BASED VOUCHER WHICH IS WHERE A SOURCE OF INCOME DISCRIMINATION ACTUALLY COMES INTO PLAY OR IT HAS THE POTENTIAL TO COME INTO PLAY, THAT TENANT BASE VOUCHER GOES WITH THE WITH THE HOUSEHOLD SO IT'S AWARDED TO THE HOUSEHOLD. THEY TAKE IT TO A PROPERTY AND AND USE IT AS YOU KNOW, A PART OF THEIR INCOME WHEN APPLYING FOR FOR HOUSING AND SO AND WARREN, DO YOU WANT TO YOU WANT TO ADD TO THAT? I WANT TO MAKE SURE I'M BEING CLEAR AND ALSO ACCURATE. >> YEAH, NO I THINK I THINK YOU HAVE IT SO YOU HAVE A POLICY THE COUNCIL OWNS THAT SAYS THAT IF YOU RECEIVE CITY FUNDING FOR YOUR HOUSING DEVELOPMENT YOU CANNOT DENY VOUCHER OR OTHER SOURCE OF INCOME GOING INTO THOSE PROJECTS AND UNFORTUNATELY THIS HAS BEEN AN ISSUE IN OUR NATION THAT YOU CAN STILL FIND ADVERTISEMENTS TO THIS DAY WHERE SOMEONE LISTS THEIR HOUSE FOR RENT AND IT SAYS NO SECTION EIGHT AT THE BOTTOM OF IT BASICALLY SAYING REGARDLESS OF ANYTHING ELSE ABOUT YOUR FAMILY IF YOU BRING IN A VOUCHER I'M NOT EVEN GOING TO CONSIDER IT. AND WHEN YOU ALL FUND YOUR PROJECTS YOU HAVE A POLICY THAT IN PLACE THAT'S PRETTY STRONG THAT SAYS THAT IF YOU TAKE CITY FUNDING YOU MUST TAKE THESE TYPES OF SUBSIDIES IF THEY'RE OFFERED TO YOU. PERFECT. OKAY. THAT'S THAT'S WHAT I WAS READING AND I JUST WANTED TO UNDERSTAND HOW THOSE THINGS SORT OF FIT TOGETHER BECAUSE WHAT I READ OUR SOURCE INCOME LANGUAGE I THOUGHT THAT IT WOULD COVER. SO JUST TO PUT A FINER POINT ON THIS, EVERYTHING THAT WE APPROVED THROUGH THE HOUSING TRUST FUND IS IS AGNOSTIC AS TO SOURCE OF INCOME. THEY HAVE TO TAKE ANYTHING THAT SOMEBODY FURNISHES CORRECT? THAT IS CORRECT. SO IF IT'S OKAY SO IT'S A VOUCHER IF IT'S YOU KNOW, ALIMONY, IF IT'S TRANS FOR WHATEVER WHATEVER IT IS, NONSTANDARD INCOME IS GOING TO BE COMING IN. OKAY. THAT THAT'S VERY HELPFUL TO ME. THE OTHER QUESTION THAT I HAVE THAT IS JUST ONE OF THOSE QUESTIONS THAT I JUST I REALISTICALLY JUST DO NOT HAVE A SENSE FOR. I REALLY LIKE THE LANGUAGE ON A COUPLE OF THESE HOME OWNERSHIP OPPORTUNITIES AND IT IS LANGUAGE THAT IS COMING OUT OF HABITAT THAT IS ON RESALE. WE DON'T HAVE A POSITION ON THAT OR WE CAN'T ENFORCE A POSITION ON THAT. AND I'M SPEAKING OF COURSE TO THE RESALE PROVISION IS 15 YEARS EFFECTIVE PERIOD OF ADDITIONAL RESTRICTIONS IS 45 RIGHT OF FIRST REFUSAL UNIT MAY NOT BE USED AS A RENTAL THOSE SORTS OF THINGS THAT HABITAT DOES FOR THEIR HOME OWNERSHIP OPPORTUNITIES. DO WE HAVE THE ABILITY TO EXTEND THOSE OR THE DESIRE TO EXTEND THOSE TO OTHER HOMEOWNERSHIP OPPORTUNITIES? >> SO HAROLD WELL WHILE WARREN TAKES THIS COULD YOU GO TO SLIDE 29 PLEASE? AN EXAMPLE OF THIS IS ON FOR EXAMPLE ZION HILLS. THIS IS A HABITAT FOR HUMANITY PROPOSAL. >> SO WARREN WILL YOU WILL YOU TAKE THAT ONE PLEASE? >> SURE. THANK YOU. COUNCIL MEMBER OWENS FOR BRINGING UP ONE OF THE MORE COMPLICATED PARTS OF THE WORK THAT WE'VE SEEN HOW QUICKLY I HANDED IT. >> ALL RIGHT. SO THAT WAS THAT WAS A THAT WAS VERY ADEPT. >> REBECCA YEAH. SO SO WHAT WHAT YOUR POLICY HAS BEEN THROUGH TODAY IS HOMEOWNERSHIP IS GOOD AND WE PROVIDE A GREAT DEAL OF FLEXIBILITY TO OUR PARTNERS TO TO TO PROPOSE VARIOUS TYPES OF HOMEOWNERSHIP FUNDING AND FINANCING STRUCTURES. >> AND I THINK THAT YOU KNOW IN GENERAL FOR INSTANCE AROUND HABITAT STRUCTURE THEY USE OF WHAT'S CALLED A SHARED EQUITY MODEL THAT WHILE OVER TIME OWNERS EARN MORE AND MORE OF THE SHARE OF THAT EQUITY AND THAT IS A NEWER METHOD FOR DOING SOME OF THIS WORK. THERE ARE OTHER WAYS OF DOING THIS. SOME OF IT IS JUST A DEFERRED FORGIVABLE LOAN AND AND BORROWERS GET TO CAPTURE ALL OF THAT EQUITY AS AS THEY GO FORWARD AND THEN HAVE TO PAY BACK THE LOAN IN OTHER SENSES PARTNERS IN THE PAST HAVE RESTRICTED THE UNIT TO BE AFFORDABLE FOR 80% AM I WHICH MEANS THAT BASICALLY THE COST OR THE VALUE OF THAT THAT PRICE IS IS DEEPLY RESTRICTED SO THAT THE NEXT AFFORDABLE OWNER CAN BUY IT. SO I JUST DESCRIBED TO YOU THREE DIFFERENT METHODS OF HOMEOWNERSHIP FINANCING THAT WE HAVE PARTNERED WITH AND PARTICIPATED WITH IN THE PAST AND AND HOPEFULLY YOU CAN SEE THAT THERE ARE THERE'S SOME TENSION INSIDE OF THIS POLICY. ON ONE HAND YOU WANT HOMEOWNERS TO PARTICIPATE AND THEY APPRECIATION OF THE VALUE OF THEIR OF THEIR PROPERTY AND SO THAT'S KIND OF THE DEFERRED FORGIVABLE METHOD ALLOWS THEM TO PARTICIPATE IN ALL OF THAT UPSIDE OF THAT PROPERTY ON THE OTHER END THAT AFFORDABLE RESTRICTION THAT MAINTAINS THAT AFFORDABILITY INTO THE FUTURE IT IT MAKES THAT UNIT STRONGLY AFFORDABLE INTO THE FUTURE BUT IT GREATLY LIMITS THE ABILITY FOR THE CURRENT HOMEOWNER TO PARTICIPATE IN THE UPSIDE OF THAT OF THE MARKET APPRECIATION HABITAT MODEL LIES IN THE MIDDLE OF THOSE TWO MODELS WHERE THEY BOTH ARE PROTECTING AFFORDABILITY GOING INTO THE FUTURE AND IN PARTNERING WITH THEIR BUYERS TO PARTICIPATE IN SOME OF THE UPSIDE OF THAT TRANSACTION. >> AND AS IT MOVES FORWARD THEY GET TO PARTICIPATE IN A LARGER AND LARGER SHARE OF THAT OF THAT TRANSACTION OR HABITAT PARTNERS ARE IN THE ROOM QUICK HAD NOT THAT I GOT ALL THAT RIGHT THERE NOT SO SO COUNCILMEMBER OWENS OF COURSE A HOMEOWNERSHIP POLICY IS A IS A POLICY OF THE CITY COUNCIL AND IN YOU CAN DIRECT STAFF HOWEVER YOU CHOOSE OUR POSITION AND THE WAY THAT WE'VE BEEN DOING THIS GOING FORWARD IS THAT DIFFERENT PARTNERS HAVE DIFFERENT TYPES OF OBJECTIVES WHEN THEY'RE DEVELOPING AFFORDABLE HOMEOWNERSHIP AND WE'VE REALLY PARTNERED WITH ALL OF THESE DIFFERENT TYPES OF MODELS TO BRING MORE AFFORDABLE HOMEOWNERSHIP TO YOUR CITY. >> OKAY. AND I APPRECIATE ALL OF THAT. I THINK THAT I WOULD JUST BE INTERESTED NOT WANTING TO GO INTO A SITUATION WHERE WE'VE GOT UNINTENDED CONSEQUENCES WHERE WE DISSUADE SOMEBODY BECAUSE IT'S NOT EXACTLY THE MODEL THAT WE'RE PROPOSING. I JUST I'D LOVE TO TO HAVE OUR COMMITTEE UNDERSTAND THAT AND DIAL IN AND REALLY LOOK AT SITUATIONS IF WE'RE GETTING BURNED AT ALL WITH SOMEBODY COMING IN TO AN AFFORDABLE SITUATION AND THEN EFFECTIVELY FLIPPING IT IN A WAY THAT YOU KNOW IS IS COUNTER TO OUR DESIRE TO HAVE MORE AFFORDABLE HOUSING. SO I'LL LEAVE THAT WHERE IT IS JUST SAYING THAT I WAS TAKEN BY WHAT WHAT HABITAT IS DOING THAT THAT MADE SENSE TO ME AND WAS RESONANT BUT I ALSO AGAIN DON'T KNOW THE UNINTENDED CONSEQUENCES OF BEING TOO RESTRICTIVE ON WHAT WE'RE EXPECTING OUT OF DEVELOPERS. SO I APPRECIATE THAT EXPLANATION. >> I WOULD JUST ADD COUNCILMEMBER OWENS BUT YES, 16 YEARS THAT RESALE PROVISION OF 15 YEARS THAT'S BASELINE SO ALL ALL OF THE MODELS AND ALL OF THE PROPOSALS IN FRONT OF YOU INCLUDE THAT 15 YEAR PROVISION THAT REMAINS AFFORDABLE HOME OWNERSHIP FOR THAT ENTIRE PERIOD. DO THEY ALL INCLUDE A RESTRICTION ON RENTAL AS WELL? THEY DO. THEY DO. OKAY. SO 15 YEARS I BUYING A PROPERTY 15 YEARS I I I'M NOT GOING TO BE ABLE TO RENT IT AND I'M NOT GOING TO BE ABLE TO, YOU KNOW, BENEFIT FROM FROM APPRECIATION DURING THAT TIME CORRECT. >> YOU CAN YOU CAN BENEFIT FROM SOME APPRECIATION AND AS LONG AS IT FALLS INTO THE AFFORDABLE GOT YEAH GOT IT AND THEN MY LAST QUESTION I APPRECIATE THE INDULGENCE CHAIR MAYFIELD I JUST AS I AS I READ THROUGH THIS I DID HAVE A THOUGHT THERE'S SEVERAL PLACES WHERE I SEE THAT WE'VE GOT THREE BEDROOM UNITS AND I'VE HEARD THAT THAT'S PARTICULARLY ATTRACTIVE FOR FAMILIES PARTICULARLY IF THEY'VE GOT YOU KNOW, BOY CHILDREN OR GIRL CHILDREN AND THEY WANT TO HAVE A ROOM FOR MOM AND DAD OR JUST TO BE ABLE TO HAVE A BIT MORE. WHAT I DON'T HAVE A FEEL FOR IS HOW WHEN YOU'RE LOOKING AT THE NUMBER OF UNITS BY SIZE ARE AVAILABLE, HOW DOES THAT FIT WITHIN THE AMAR PERCENTAGES ARE THE AM I PERCENT JUST SPREAD ACROSS THE ONE TWO AND THREE BEDROOM OR IS THERE PERHAPS ONLY ONE THREE BEDROOM? WHERE COULD I SEE HOW THAT ALL PLAYS OUT? YEAH YEAH. SO WHAT WE SHOW IN THE BOOKLET IS ACTUALLY UNITS BY AM I AND UNITS BY SIZE BUT NOT THE CROSS TAB OF UNITS BY AM I BY SIZE SO WE'RE HAPPY WE HAVE THAT INFORMATION THE APPLICANTS PROVIDE IT WHEN THEY APPLY AND WE'RE HAPPY TO SEND IT OUT TO YOU WITH THE OTHER ITEMS YOU REQUESTED THIS EVENING. >> OKAY. THANK YOU. THAT'S JUST THAT'S INTERESTING TO ME. I DON'T KNOW IF IT'S INTERESTING TO THE COMMITTEE BUT I JUST I THINK YOU KNOW, THREE BEDROOMS ARE VERY HARD TO FIND AND THEY DO FORCE SOME DIFFERENT CHOICES FOR FAMILIES IN HOW THEY FILL SPACE. AND I JUST WANTED TO APPRECIATE WHETHER THOSE ARE SOMETHING THAT WE ARE MAKING AVAILABLE FOR FAMILIES. AND I THINK IF I CAN JUST DO A VERY QUICK TURN THROUGH HERE, I DID A PRETTY SUBSTANTIAL MARKUP AND YOU GUYS HAVE INDULGED ME. YEAH, I THINK I THINK THAT'S IT FOR ME. CHAIR THANK YOU. >> SO PUT ON A PERSONAL PRIVILEGE. I REALLY DON'T LOVE MY COMMITTEE. I JUST WANT YOU TO KNOW THAT BECAUSE WE ARE IN ALIGNMENT ON SO MANY DIFFERENT LEVELS EVEN WITH MY COLLEAGUES THAT ARE ONLINE AND MY COLLEAGUE WHO IS SITTING HERE NEXT TO ME BUT STAFF AND I HAVE HAD A LOT OF THESE VERY EXACT CONVERSATIONS AND WE HAVE HAD THAT THE MOST RECENT COMMENTS ASIAN AND WE'VE BEEN HAVING THAT FOR MORE THAN A YEAR AS FAR AS WHAT DOES THAT LOOK LIKE? >> SO I JUST WANTED TO LET THE COMMITTEE KNOW JUST HOW MUCH I TRULY APPRECIATE ALL OF YOU AND NOW I'M GOING TO TURN IT OVER TO THE QUESTIONS FROM COUNCILMEMBER MATT SUAREZ ADDIS THANK YOU. >> CHAIR MAY FEEL THANK YOU REBECCA AND TEAM FOR THE PRESENTATION AND TO JUST ECHO WHAT CHAIR MAYFIELD JUST SAID I MEAN IT'S TRUE COUNCILMEMBER OWENS WHILE YOU'RE TALKING ABOUT THREE BEDROOM VERSUS TWO AND ONE I, I WILL LEAVE NOW WITH MY QUESTIONS SO I'M CURIOUS TO KNOW HOW MANY EXISTING SLASH APPROVED DEVELOPMENTS ARE SENIORS VERSUS FAMILY AND AND THE REASON I WOULD LIKE TO KNOW THOSE NUMBERS A LITTLE BIT MORE IS I'M TRYING TO UNDERSTAND OUR PRIORITIES AS A COUNCIL, AS A COMMITTEE IF WE'RE TRYING TO HOUSE AS MANY PEOPLE AS POSSIBLE, WHY NOT MORE FAMILY IN THIS TOWN VERSUS SENIOR? NOT THAT I'M AGAINST SENIORS. I THINK WE ABSOLUTELY BUT I THINK IT'S TWO DIFFERENT APPROACHES TRYING TO FIND TWO DIFFERENT TRYING TO SOLVE TWO DIFFERENT PROBLEMS. RIGHT. SO I THINK FOR ME THE BROADER QUESTION THAT I WOULD POSE FOR MY COMMITTEE MEMBERS AND ALSO STAFF TO TRY TO ANSWER IS ARE IS OUR GOAL TO HOUSE THE MAXIMUM NUMBER OF PEOPLE TO TRY TO SOLVE THE HOUSING CRISIS RIGHT. OR IS IT TO BALANCE NEEDS BASED ON AGE? RIGHT. AND SO FOR ME THAT IS THAT IS SOMETHING I WOULD LIKE US TO INDULGE IN A LITTLE BIT AND ENTERTAIN PARTICULARLY ARE WE'RE NOT AN AGING CITY WHERE 11% WHICH IS LESS THAN AVERAGE OF THE UNITED STATES UNITED STATES IT'S I THINK 1,718% AGING POPULATION AGAIN NOT TO SAY THAT WE'RE GOING TO NOT HOUSE SENIORS BUT I JUST WANT US TO BE A LITTLE BIT MORE INTENTIONAL THAT BECAUSE IT'S TRUE AS WE SEE MORE FAMILIES MOVE TO THE CHARLOTTE REGION, YOU KNOW, WE WOULD LIKE TO PROVIDE MORE OPPORTUNITY UNITY BECAUSE IT IS HARD TO NOW FOR EXAMPLE, MY PARTNER AND I LIVE IN A TOWNHOME WE'RE HAD TWO BEDROOMS RIGHT? BUT WHEN I WAS GROWING UP IN CHARLOTTE IT WAS EASIER TO FIND A TOWNHOME WITH THREE FOUR BEDROOMS THAN IT WAS TO FIND ONE WITH 1 OR 2, RIGHT? SO I JUST WANT TO KIND OF PUT THAT OUT THERE. THE OTHER THING IS I THINK I AGREE WITH MY COLLEAGUE COUNCILMEMBER JOHNSON IT IT'S REMARKABLE AND THANK YOU FOR ALL THE HARD WORK TO REACH 25% 30% OF MY UNITS THAT'S THAT'S TRUE TRUE AFFORDABILITY IN MY OPINION I WOULD LOVE US TO CONTINUE FORWARD AND YOU KNOW, HOW DO WE BALANCE OUR 80% AM I AND GO A LITTLE BIT LOWER THAN THAT JUST BECAUSE I'M LOOKING AT THIS PRICE RANGES AND TO ME IT'S NOT TRUE AFFORDABILITY RIGHT IN TERMS OF THE RENT RENT RANGES BUT THAT IS NOT TO DISCREDIT ALL THE INCREDIBLE WORK THAT YOU ALL HAVE DONE. AND THE OTHER QUESTION I HAD I AND AGAIN IT'S JUST IT'S STUCK IN MY MIND WE HAD TO REZONING RECENTLY WHERE THE DEVELOPER SAID OR AT LEAST AGAIN I MIGHT BE HAVING AMNESIA HERE BUT IF THEY DON'T GET HOUSING TRUST FUND DOLLARS IN THE NEXT TWO ROUNDS THE REZONING IS NULL. I WOULD LIKE FOR YOU TO CLARIFY WHAT THAT MEANS BECAUSE EARLIER YOU DID SAY THAT THE REZONING IS THE REZONING. WE APPROVED IT. SO WHAT HAPPENS IF ANY PROJECT IS NOT GIVEN OR LET'S SAY A DEVELOPER COMES REZONING SAID WHATNOT THEY'RE THEY'RE KIND OF CONDITIONED TO THE COMMUNITY IS WE DON'T GET IT AND THE NEXT TWO ROUNDS WILL KNOW IT WHAT DOES THAT MEAN BECAUSE I THOUGHT I WAS UNDER THE ASSUMPTION THAT IT WOULD GO BACK TO LET'S SAY INSTEAD OF AND ONE B OR AND ONE TWO OR SOMETHING LIKE THAT IT WOULD GO BACK TO SINGLE FAMILY. >> YEAH SO AND SO I JUST WANT TO I JUST WANT TO SAY WHAT I'VE HEARD YOU ASK IS A COUPLE OF THINGS. ONE IS BALANCING NEEDS BETWEEN SENIOR AND FAMILY AND THEN THE REASON QUESTION AND THEN YOU ADD ANOTHER BALANCE NEEDS QUESTION OH ABOUT THE THE THE AFFORDABILITY RANGES AND SO BEFORE I JUMP INTO ANSWERING IN ANY SPECIFIC PART OF THOSE QUESTIONS I JUST WANT TO MAKE SURE I'VE CAPTURED THOSE. OKAY. SO I'M GOING TO ASK WARREN TO TAKE THE FIRST STAB AT THE REZONING QUESTION AND IT MAY ALSO REQUIRE INPUT FROM ON A SO TEXT A FRIEND ANA SO I APPRECIATE THE QUESTION AND I ALSO APPRECIATE THE PARTNERSHIP THAT HOUSING AND NEIGHBORHOOD SERVICES HAS WITH THE PLANNING . WE TALKED TO OUR COLLEAGUES OVER IN PLANNING ON A DAILY BASIS ABOUT WHAT'S GOING ON HERE AND THERE'S A LOT OF NUANCE WHEN IT COMES TO AFFORDABILITY IN THESE PROJECTS AROUND THE THE ZONING THE ZONING NOTES AND HOW SOME OF WHAT YOU HEAR BEING SAID DURING PUBLIC PRESENTATION ACTUALLY GETS TRANSLATED INTO THE ZONING NOTES. SO WHAT I'D LIKE TO DO IS INSTEAD OF GIVING YOU A HALF ANSWER OR ANSWER THAT I ONLY GET 75% CORRECT BECAUSE YOU KNOW MONICA SAYS HEY WARREN, YOU KNOW YOU'RE YOU'RE A GREAT GUY BUT YOU'RE NOT ON MY PLANNING TEAM. WHAT DOES GET SOME FEEDBACK FROM FROM PLANNING AND THE FOLKS THAT DID THAT WORK FOR YOU SO THAT WE CAN GIVE YOU AN ACCURATE ANSWER ON WHAT WAS SAID AT THAT MEETING AND HOW THAT IS INTERPRETED INTO THE ACTUAL REZONING THAT WAS COMPLETED. DOES THAT OKAY? THAT'S PERFECTLY FINE. THANK YOU. THANK YOU SO MUCH. THANK YOU. AND THAT'S IT. SO SO WARREN DID THE PHONE A FRIEND OF THIS TIME SO THANK YOU FOR THE FOR THE GRACE WE WILL FOLLOW UP WITH YOU ON THAT . I WANT TO I WANTED TO JUST SHARE A LITTLE BIT ABOUT HOW YOUR STAFF THINKS ABOUT BALANCING NEEDS AND SO ONE ONE OF THE CONSIDERATIONS IS THAT WHEN YOU'RE MAKING DECISIONS ABOUT ANY GIVEN ROUND YOU'RE MAKING DECISIONS ON A VERY NARROW SELECTION OF OF DEVELOPMENTS AND WE'RE REALLY LOOKING AT WHAT WHAT WHAT IS ALREADY ON THE GROUND OR IN THE APPROVAL PIPELINE AND AND SO SO WHILE WHILE YOU MIGHT GET AROUND WHERE YOU HAVE MORE SENIOR PROPOSALS THAN FAMILY PROPOSALS IT'S NOT NECESSARILY THE CASE THAT YOUR ONLY RECEIVING SENIOR PROPOSALS RIGHT I REALLY THINK SO. ONE OF THE THINGS THAT WE'LL DO BECAUSE WE HAVE ALREADY COMMITTED TO THE BREAKDOWN OF THE UNITS BY DISTRICT WE CAN ALSO SHARE YOU KNOW, HOW MANY OF THOSE ARE SENIOR VERSUS FAMILY SO WE'LL DO THAT. >> I ALSO YOU KNOW BECAUSE WE'VE DONE A LITTLE BIT OF WORK IN THE LAST YEAR THINKING ABOUT OUR SENIOR HOUSEHOLD BECAUSE IT IS A IF VULNERABLE POPULATION IN YOUR POLICY AND IN PARTICULAR A FIXED INCOME SENIOR HOUSEHOLD. AND SO I YOU ACTUALLY DO HAVE WHILE YOU'RE WELL WE'RE WELL WE'RE A FAIRLY YOUNG CITY YOU HAVE A LOT OF LOW INCOME SENIOR RENTER HOUSEHOLD SO APPROXIMATELY 24,000 LOW INCOME SENIOR RENTER HOUSEHOLDS 11,000 OF EACH OF WHOM ARE EXTREMELY LOW INCOME. >> SO THERE IS A VERY ACUTE NEED. NOW THAT'S NOT TO SAY THERE'S NOT AN ACUTE NEED FOR FAMILIES AND ESPECIALLY THE BEDROOMS BUT JUST DESPITE LOW NOT NOT HAVING KIND OF A HIGHER MEDIAN AGE THERE IS AN ACUTE NEED FIRST FOR SENIOR HOUSING AND THEN THE OTHER PIECE OF WHEN YOU THINK ABOUT ARMS AND THE BALANCING BETWEEN 30% AND 80% IS AGAIN WHEN WE WHEN WE LOOK AT THE HOUSING TRUST FUND AND WE TALK ABOUT THE UNITS PRODUCED IN THE HOUSING TRUST FUND AGAIN WE'RE TALKING ABOUT A SINGLE TOOL IN ISOLATION RIGHT? SO WE'RE LOOKING AT AROUND THEN WHEN WE LOOK AT ANY GIVEN ROUND WE'RE JUST LOOKING AT THOSE OPPORTUNITIES IN ISOLATION. AND WHEN YOU TALK ABOUT THE HOUSING TRUST FUND AS A WHOLE, IT'S IT'S JUST ONE OF YOUR TOOLS IN ISOLATION AND SO ONE OF ONE OF THE WAYS THAT THAT YOU ALL ACTUALLY INVEST IN HOUSEHOLDS STABILITY BEYOND RESTRICTING THE THE INCOME RESTRICTED UNITS IS YOU MAKE INVESTMENTS IN RESIDENCE SERVICES AT YOU KNOW AT THE SAME TIME AND YOU INVEST IN RENTAL SUBSIDIES THROUGH YOUR FEDERAL FUNDS FOR EXAMPLE THAT OFTEN GET PAIRED WITH A INCOME RESTRICTED UNIT TO MAKE THEM EVEN MORE AFFORDABLE THAN WHAT IT LOOKS LIKE ON PAPER. >> AND SO I THINK ONE OF BECAUSE THE RENTS THAT CAN BE CHARGED ARE PEGGED TO AREA MEDIAN INCOME AND THAT KEEPS RISING THOSE RENTS CONTINUE TO GO UP AND THAT'S WHY I THINK IT'S SO CRITICAL THAT YOU ALL HAVE MADE CHOICES TO INVEST IN RESIDENT SERVICES ALONGSIDE YOUR HOUSING TRUST FUND INVESTMENTS AND THEN A LOT OF OTHER HOUSEHOLDS STABILITY INVESTMENTS IN OTHER WAYS. SO I JUST WANT TO PUT THAT IN CONTEXT A LITTLE BIT. BUT BUT BUT THE QUESTION ABOUT GOALS AND BALANCE IS A IS A COUNSELOR QUESTION FOR SURE. >> NO, THANK YOU. I DEFINITELY APPRECIATE THAT KIND OF HIGH LEVEL OVERVIEW AND CONTEXT FOR ME. WHAT'S CONCERNING IS THAT I'M HERE DURING THE 2024 2025 SCHOOL YEAR CMC IDENTIFY A TOTAL OF OVER 5600 STUDENTS EXPERIENCING HOMELESSNESS AND WHICH IS AN 18% INCREASE FROM THE YEAR PRIOR RIGHT. AND SO I YOU KNOW WE ALSO HAVE THAT THAT NEED OF OF OF FAMILIES THAT ARE NEEDING TO BE HOUSED FOR SURE AND PARTICULARLY JUST HOW CAN WE WORK ALSO COLLABORATIVELY WITH CMS AND OTHER PARTNERS ON ON FILLING THOSE GAPS RIGHT AS WELL AS THE SENIOR SERVICES THE COUNTY OFFERS AS WELL. SO I WOULD LOVE TO FIND MORE CREATIVE AND INNOVATIVE TOOLS. HOPEFULLY THE CONFERENCE WILL GIVE US SOME IDEAS OF OF HOW TO REALLY TACKLE BOTH THE NEEDS OF THAT ACUTE LOW INCOME SENIORS LIVING IN OUR CITY AS WELL AS THE IT JUST KEEPS INCREASING BY DOUBLE DIGITS EVERY YEAR. THE AMOUNT OF HOMELESS STUDENTS IN OUR CITY AS WELL. >> SO THANK YOU SO MUCH. I GOT SOME OF MY OWN SHE HAD A FOLLOW UP JUST A BRIEF FOLLOW UP AND THIS IS A TOPIC THAT WE CAN TAKE FOR ANOTHER SESSION BUT I JUST WANT TO PUT IT OUT INTO THE ROOM FOR THE CITY ATTORNEY. I WOULD BE INTERESTED TO UNDERSTAND BEING NEW TO COUNCIL WHAT WE HAVE TRIED BEFORE AND WHAT IS STILL AVAILABLE TO US IN TERMS OF BEING ABLE TO EXTEND SOME OF THESE CONCEPTS BEYOND THE PROPERTIES WHERE OUR MONEY IS GOING INTO THEM. SO I WAS SPEAKING SPECIFICALLY A SOURCE OF INCOME. I'M SPEAKING SPECIFICALLY ON, YOU KNOW, AFFORDABILITY STANDARDS AND JUST SOME OF THE INCLUSIVE ZONING TYPE SITUATIONS. I KNOW THAT THIS COUNCIL NOT PARTICULARLY THESE FOLKS THAT COUNCIL HAS CONSIDERED THINGS BEFORE AND WE HAVE SOME PREEMPTION. I JUST I'D LIKE TO UNDERSTAND THE LANDSCAPE BECAUSE I DO THINK TWO COUNCILMEMBER MEMBERS ARE AT THIS POINT THERE IS A REAL NEED HERE THAT WE'RE ALL PRETTY DIALED IN ON AND IT'S GREAT THAT WE CAN HAVE THESE RESTRICTIONS ON THE PROPERTIES THAT WE PUT MONEY INTO BUT WHAT ELSE CAN WE DO TO ENCOURAGE MORE DEVELOPMENT OF AFFORDABLE HOUSING FROM THIS? >> THANK YOU SO FOR THE COMMITTEE I WANT TO MAKE SURE THAT WE'RE ALL ON THE SAME PAGE BECAUSE I TRY TO MAKE SURE THAT YOU ALL KNOW WHAT I KNOW. SO I HAVE ALREADY STARTED CONVERSATIONS WHERE DIRECTOR HEPNER WHERE MANAGER JONES AS WELL AS OUR COUNTY MANAGER'S PARTNERS WHERE AND I MENTIONED THIS EARLIER IN THE YEAR OPPORTUNITY WHERE CITY COUNTY CAN LOOK AT OUR LAND COLLECTIVELY FOR POSSIBLE DEVELOPMENTS THAT DIRECTLY TAP INTO THE NEEDS OF OUR COMMUNITY. ONE OF OUR BIGGEST CHALLENGES IS THE FACT THAT THE FEDERAL GOVERNMENT IDENTIFIES THE MSA MUNICIPAL SERVICE AREA. THEY SAY 30% AMI YOU CAN EARN UP TO 26,000 AND SOME CHANGE. WE CLEARLY KNOW THAT WE HAVE INDIVIDUALS IN OUR COMMUNITY THAT ARE NOT EARNING 26,000 TO 27,000 SO WITH 30% OF YOUR AM I BE HOW DO WE CREATE THE SPACE TO BUILD THAT GAP? WE ARE HAVING THOSE CONVERSATIONS. WE ARE ALSO GETTING READY TO PUT REAL ENERGY INTO IDENTIFYING OUR DATE AND OUR MEMBERS FOR THE AD HOC COMMITTEE THAT WE HAVE ALREADY SHARE WHERE THE MAYOR TO HAVE THAT GROUP OUR COMMITTEE IS GOING TO BE MADE UP OF OUR HOUSING COMMITTEE IS NOT NECESSARILY GOING TO BE OTHER MEMBERS. >> THE OTHER COMMERCE ASIAN IS DIRECTLY IN ALIGNMENT WITH THINKING ABOUT OUR YOUNG PEOPLE, OUR YOUNG PEOPLE THAT ARE IN FOSTER CARE THAT ARE GOING DIRECTLY INTO COMMUNITY THAT MAY NOT BE GOING TO SCHOOL OR OTHER SERVICES AS THERE'S ALREADY A CONVERSATION THAT HAS HAPPENED WHICH I'M REALLY THANKFUL AND PROUD OF BETWEEN CRITTENTON AND OLIVIA AND I WAS HAPPY TO BE ABLE TO FACILITATE THAT INTRODUCTION THAT'S LEADING TO SOME VERY POSITIVE POSSIBLE OUTCOMES BUT ALSO WE HAVE TO HAVE A STRONG CONVERSATION AROUND LGBTQ I AA A I IT'S A WHOLE LOT OF LETTERS WITHIN THE RAINBOW ALPHABET MORE LETTERS AS I GET OLDER. >> SO WHEN I THINK ABOUT OUR YOUTH AND THE COMMUNITY WE HAVE TIME OUT YOU KNOW WE ALSO HAVE OTHER FORMS WE ARE SEEING MORE AND MORE YOUNG PEOPLE ON OUR STREET CORNERS. I HAD THE OPPORTUNITY TO VISIT HOPE HAVEN YESTERDAY HOPE HAVEN HAS HAS AND CONTINUES TO DO AMAZING WORK. WE'RE GOING TO BE SEEING A REQUEST FROM THEM WHEN IT'S TIME FOR US TO LOOK AT OUR FINANCIAL PARTNERS. WE HAVE SOME GREAT PARTNERS OUT THERE. THE CONVERSATION AS WE GO INTO THE AD HOC COMMITTEE IS GOING TO BE ONE. DO WE HAVE A RECOMMENDATION FOR A FUTURE TRUST FUND ALLOCATION THAT'S GOING TO BE ON THE BALLOT FOR THE COMMUNITY TO SUPPORT 100 MILLION HAS BEEN GREAT STAFF IS WORK BUDGET STAFF IS WORKING ON GETTING US SOME NUMBERS. I THINK I ASKED FOR US TO LOOK AT BETWEEN 100 TO 300 MILLION. SOME COMMUNITIES DO UP TO 500 MILLION. I'M NOT LIKE WAY WE'RE NOT I'M NOT GOING TO SAY 500 BUT WHAT WOULD IT LOOK LIKE FOR US WOULD TRIPLE A BOND RATING AND TO HAVE THE LONG TERM SUSTAINABILITY FOR IT SO AND THIS IS FOR NOT ONLY ALL COMMITTEE MEMBERS BUT ALSO THOSE IN THE COMMUNITY THAT OUR AD HOC COMMITTEE IS GOING TO BE VERY SIMILAR TO WHAT HAPPENED IN 2024. WELL, WE'RE REALLY GOING TO DIG IN AND ASK THESE QUESTIONS TO TRY TO FIGURE OUT WHAT REALLY IS THE NEED FOR OUR CITY TODAY . WE KNOW THAT IF YOUR FAMILY OF FOUR AND YOU HAVE A TWO PARENT HOUSEHOLD AND YOU HAVE A SON AND A DAUGHTER, THEY DO NOT THEY CANNOT BE IN THE SAME HOME . >> SO IS THAT A THREE BEDROOM? IS THAT A FOUR BEDROOM? >> AS SOON AS THOSE POP UP THOSE ARE THE FIRST UNITS THAT ARE GONE BECAUSE THEY ARE SO LIMITED. BUT WE ALSO HAVE TO HAVE A REAL CONVERSATION ABOUT THE COSTS UNITS THAT USED TO BE AND AND YOU CORRECT ME IF I'M WRONG 25 $30,000 A DOOR OR TEN YEARS AGO EVEN EIGHT YEARS AGO ARE NOW 150 TO 200,000 FOR THAT SAME DORM. SO WHEN WE LOOK AT THE COST OF CONSTRUCTION, THE OPPORTUNITIES THAT WE HAVE WITH SOME OF OUR OLDER DEVELOPMENTS WHEN WE THINK OF NOAH AND THE FACT THAT PRIVATE INVESTORS ARE ALSO LOOKING TO PURCHASE THESE SAME BUILDINGS AT A MUCH HIGHER RATE THAN GOVERNMENT SHOULD BE PAYING OR HAS THE ABILITY TO PAY. SO ALL OF THIS COMING TOGETHER IS THE REASON WE HAVE THIS COMMITTEE AND ALSO GOES BACK TO THE REASON OF WHY I SAID EARLIER I LOVE MY COMMITTEE AND I LOVE WORKING WITH OUR STAFF BECAUSE IN AND ACROSS THE NATION THE CITY OF CHARLOTTE IS A LEADER IN THIS CONVERSATION AROUND HOUSING AFFORDABILITY. >> WE SEE CRACKS BECAUSE WE WANT TO DO MORE AND WE'RE ALWAYS TRYING TO FIGURE OUT HOW TO DO MORE BUT WE ARE CONSTANTLY RECEIVING CALLS AND EMAILS FROM OTHER COMMUNITIES TRYING TO FIGURE OUT HOW WE HAVE DONE WHAT WE'VE BEEN ABLE TO DO IN A RELATIVELY SHORT PERIOD OF TIME BECAUSE IN COMPARISON AND WE ARE ALSO HAVING A SPECIFIC CONVERSATION AROUND OUR ELDERS AND WHAT WOULD A FIXED INCOME CAP LOOK LIKE SO FOR THAT ELDERLY AS YOUR CHECK IS $1,000 A MONTH SOCIAL SECURITY WHATEVER THAT ASSISTANCE IS BUT YOUR RENT HAS NOW GONE UP TO 800 BECAUSE WE ALL READ THE ARTICLE OF 2017 TO NOW A LOT OF PROJECTS THAT WE FUNDED A NUMBER OF INDIVIDUALS ARE PRICED OUT. WE CANNOT BE THAT COMMUNITY TO HAS OUR SENIORS UNHOUSED. WE CANNOT BE THIS COMMUNITY THAT HAS OUR YOUNG PEOPLE AND HOW WHEN WE HAVE SO MUCH GROWTH HAPPENING AT THE EXACT SAME TIME AND SO MUCH INVESTMENT COMING INTO OUR CITY, WE CAN'T KEEP GETTING THE AWARDS OF THE PAST IS GOING CITY THE PLACE TO BE THE PLACE FOR YOUNG UPWARDLY MOBILE BUT HAVE THIS CHASM OF POVERTY SO YOUR STAFF IS FOCUSED ON IT FOR THE COMMUNITY YOUR COUNCIL IS FOCUSED ON IT AND UNLESS MY COLLEAGUES ON LINE COUNCILMEMBER MAYO OWENS OR JOHNSON HAS A HAND UP AND THERE'S NOTHING ELSE THAT STAFF WANTS TO FOLLOW UP WITH, IF I COULD JUST TALK BRIEFLY ABOUT NEXT STEPS SO JUST TO SHARE WHAT'S UPCOMING. SO NEXT MONDAY, APRIL 27TH IS THE VOTE ON THE CURRENT SLATE OF RECOMMENDATIONS THAT NEXT WEEK ON MONDAY, MAY THE 4TH THE MANAGER WILL BE PRESENTING HIS F Y 27 BUDGET AND THAT RECOMMENDATION WILL INCLUDE A RECOMMENDATION FOR THE DOLLAR AMOUNT OF THE NEXT HOUSING BOND THAT SAME DAY WELL EARLIER IN THAT DAY ACTUALLY SINCE YOU HAVE THE NINE I AM COMMITTEE MEETING WE'LL BE TALKING BRIGHT AND EARLY ABOUT THE BALANCE THAT REMAINS IN THE HOUSING TRUST FUND AFTER THE VOTE ON THE 27TH ALONG WITH THE NOAH PROPOSALS. AND SO YOU'LL HAVE THAT CONVERSATION OPEN ON THE MORNING OF THE FOURTH THEN THE MANAGER'S BUDGET PRESENTATION THAT EVENING AND THEN IN YOUR THEN THERE'S A LOT OF BUDGET THINGS THAT HAPPEN IN THERE BUT THEN YOUR JUNE HOUSING COMMITTEE MEETING AT THAT TIME YOU'LL RETURN TO A CONVERSATION ABOUT THE AFFORDABLE HOUSING FUNDING POLICY SO YOU'LL BE WITH WITH THE NEW WITH THE FRAMEWORK OF THE RECOMMENDED BOND YOU CAN START TALKING ABOUT AN INVESTMENT ALLOCATION GOALS CATEGORIES GOING BACK THROUGH EACH OF THOSE INVESTMENT PRIORITIES RIGHT SO YOU THINK ABOUT PRIORITY POPULATIONS YOU IF YOU'RE MISSING A PRIORITY POPULATION THAT'S A GREAT TIME TO ADD IT IN THERE, RIGHT? SO THAT THAT WILL START AS EARLY AS JUNE FIRST AND SO THAT THAT'S THE NEXT UP AROUND THAT. AND THEN YOU HAVE BETWEEN JUNE FIRST AND YOU KNOW AUGUST SEPTEMBER TIMEFRAME TO REALLY SOLIDIFY YOUR RECOMMENDATIONS TO COUNCIL COMMITTEE OR TO FULL COUNCIL BECAUSE THE GOAL WILL REALLY BE FOR A FULL COUNCIL TO ADOPT ANY REVISIONS TO YOUR AFFORDABLE HOUSING FUNDING POLICY BEFORE THE BOND GOES TO PUBLIC VOTE IN NOVEMBER. >> AND I DO KNOW COUNCILMEMBER JOHNSON HAD A FOLLOW UP. I DO. BUT I THINK IS I THINK I'M GOING TO ASK FOR THIS AT THE GOVERNANCE COMMITTEE. I WAS JUST GOING TO ASK IN THE FUTURE IF WE COULD TALK ABOUT DATA CENTERS WE KNOW THAT'S USED IN THE NEWS AND SO I WANT TO GET TO A POINT WHERE WE'RE DOING SOMETHING AS A COUNCIL. I KNOW WE'RE MOST OF US ARE HAVE SOME CONCERN ABOUT THEM AND THERE'S ONE IN DISTRICT FOUR THAT THAT'S BEEN APPROVED AND WE NEED TO DECIDE WHAT'S YOU KNOW, HOW HOW TO MOVE FORWARD. SO I THINK THAT IT'S MORE OF A GOVERNANCE COMMITTEE. I WAS THINKING IT WAS HOUSING COMMITTEE BUT JUST FOR FUTURE A FUTURE MEETING BUT I WHAT ARE YOUR THOUGHTS, MADAM CHAIR DIRECTOR ALLARD YES. I'LL JUST COUNCILWOMAN JOHNSON I'LL JUST STEP IN REALLY QUICKLY AND JUST TALK ABOUT STAFF OR THE PLANNING STAFF ARE THINKING ABOUT A POLICY FOR YOUR CONSIDERATION AND THEY WILL PROBABLY GO THROUGH TPD WHICH IS YOUR TRANSPORTATION PLANNING DEVELOPMENT COMMITTEE. CERTAINLY YOU KNOW IF IT NEEDS TO GO THROUGH BGR FOR THE PURPOSES OF INNOVATION AND TECHNOLOGY, OUR DEPARTMENT OF TECH INNOVATION TECHNOLOGY WE CAN DO IT THERE AS WELL BUT STAFF ARE WORKING ON SOMETHING FOR YOUR CONSIDERATION. SO I JUST WANT TO JUMP IN AND HEAR THAT. THANK YOU AND I WOULD ADD TO ME THAT'S PART OF THE CONVERSATION FOR THE COMMITTEE WHICH I'M HOPING FOR AS THEY GET THAT FINALIZED SOONER RATHER THAN LATER BECAUSE WHEN WE LOOK AT PROXIMITY WE HAVE I THINK OUR OPPORTUNITY TO WHERE PROJECTS THAT ARE COMING BEFORE US TO HAVE THAT AS PART OF THE CONSIDERATION OF WHERE WE ARE LOOKING TO APPROVE FUNDING FOR HOUSING AND IS PROXIMITY TO LAND AS ARE ALREADY ZONED FOR THE POTENTIAL SO WORKING WITH THE PLANNING STAFF AND GETTING AN UPDATE FROM STAFF IS GOING TO HELP US DIRECT OUR CONVERSATION. >> YEAH AND LET ME JUST JUMP IN REALLY QUICKLY AND JUST SAY THAT THE DCMS HAVE STARTED THE CONVERSATION ABOUT HOW THE DIFFERENT COMMITTEES ARE INTERACTING AND WE WANT TO MAKE SURE THAT FROM A TIMING PERSPECTIVE WHEN WE BRING THINGS FOR TO COMMITTEE THAT WE'RE NOT JUMPING AHEAD OF ANOTHER COMMITTEE'S NEED TO SO THAT WE'RE SEQUENCING APPROPRIATELY. SO WE'RE WE'VE STARTED THOSE CONVERSATIONS AROUND HOW CAN WE MAKE SURE THAT OUR TIMING OF THINGS IS ALIGNED. >> SO JUST I'M SURE THAT AS WELL AND I APPRECIATE THAT. AND WHEN YOU TALK ABOUT TIMING, WE HAVE AREAS IN THE CITY THAT BY RIGHT THEY CAN BE DEVELOPED. SO TIMING TIMING IS OF THE ESSENCE RIGHT? SO YEAH AND THEN WE LIKE I SAID WE HAVE ONE THAT'S APPROVED IT WAS APPROVED THREE YEARS AGO AND IS THAT SOMETHING WE SHOULD BE TAKING A LOOK AT? SO I JUST LIKE TO SEE THAT SOONER THAN LATER AND I KNOW THAT COUNCIL JUST A MOMENT I ASKED MIRA THERE WAS SOMETHING IN THE OBSERVER I KNOW THAT COUNCILMEMBER HAS MENTIONED IT TOO WE'RE ALL TALKING ABOUT IT BUT I'D LIKE TO SEE MOVEMENT OR THE ORGANIZATION OF WHAT HOW WE'RE HANDLING THAT. >> YEAH, CERTAINLY I'LL TAKE THAT BACK TO THE DCMS. THANK YOU. THANK YOU. MS. WHAT? >> IRIS THANK YOU CHAIR MAYFIELD I JUST WANT TO TIE UP WHAT WE WERE JUST TALKING ABOUT THE HOUSE. THANK YOU FOR ALL THE WORK. I MEAN IT WOULDN'T BE FOR OUR INCREDIBLE STAFF THAT WE WOULD NOT BE A LEADING CITY WHEN IT COMES TO HOUSING AND I LOVE HOW YOU SAID WE WE IDENTIFIED THE CRACKS BECAUSE WE WANT TO DO MORE AND IT'S KIND OF LIKE WHEN MY MOM WOULD TELL ME SHE WAS LIKE I YELL AT YOU BECAUSE I WANT YOU TO BE DO BETTER SO I DON'T YELL AT Y'ALL BUT THAT REAL QUICK SHIFTING TO THE DATA CENTER I KNOW IT MIGHT NOT BE APPROPRIATE TO TALK ABOUT RIGHT HERE BUT I MEAN IT'S HOUSING'S RESIDENTIAL WHATNOT. I WANT EVERYBODY TO KNOW THAT I'VE HAD THESE CONVERSATIONS OR AS EARLY AS LAST DECEMBER WITH OUR ATTORNEY WITH OUR REAL ESTATE ATTORNEY, ALL THOSE FOLKS TO TALK ABOUT THAT SOMETHING TO PUT A BUG IN THE EAR THAT JUST CAME TO MY CONCERN WAS THE POTENTIAL CONSEQUENCES OF A MORATORIUM NOT TO WHAT COUNCILMEMBER OWEN SAID WHICH I AGREE THE YOU KNOW OFFSHORING TO FOREIGN TO OTHER COUNTRIES BUT NOW THIS CAME TO MY CONCERN THE IMPACT THAT IT WOULD MIGHT HAVE ON WORKFORCE AND LABOR UNIONS BECAUSE THEY GET EMPLOYED TO CONSTRUCT THESE FACILITIES ALL THESE THINGS WHAT DOES THAT LOOK LIKE? WHAT ARE THE NEGATIVE IMPACTS OF THAT AND MAYBE A COMPLETE OUTRIGHT BAN MIGHT NOT BE THE WAY TO GO BECAUSE THEN WE WOULD BE JEOPARDIZING THOUSANDS OF JOBS FOR FOLKS TO BUILD THIS DATA CENTERS NOT THAT I AGREE WITH THEM. LET THE RECORD SHOW BUT YOU KNOW JUST REALLY A VERY NUANCED APPROACH WHEN IT COMES TO HOUSING, WORKFORCE DEVELOPMENT PLANNING AND ETC. SO I JUST WANTED TO PUT THAT OUT THERE. IT'S ALL CONNECTED. >> SO YES AND WITH THAT I WOULD ENTERTAIN A MOTION TO ADJOURN SO MOVED SECOND THANK YOU SO MUCH. WE HAVE A MOTION A SECOND IF WE CAN BRING A TEAM UP ALL IN FAVOR PLEASE RAISE YOUR HAND SO WE HAVE IT ON THE RECORD COMMITTEE. >> THANK YOU. THANK YOU. THANK YOU FOR POPPING IN ON ADDITIONAL MEETING EVERYONE THANK YOU FOR JOINING US. >> MEETING AS A DRONE. >> THANK YOU