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From YouTube: Affordable Housing Advisory Committee
Description
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B
Okay,
thank
you
thanks
good
morning,
everybody
I'm
I'm
the
chair
of
the
affordable
housing
advisory
committee.
I'm
barry
bialik
and
I'd
like
to
welcome
you
to
the
january
13th
2021,
affordable,
housing,
advisory
committee.
Special
meeting
today
we
have
you
know,
committee
actually
haven't,
got
a
full
take,
but
it
looks
like
we
have.
We
have
into
four
or
five
folks
of
our
committee
here
and
what
we're
going
to
be
disc.
We
have
a
special
we
had
our
meeting
last
week.
What
we're
discussing
today
is
specifically
the
down
payment
assistance
program.
B
All
committee
members
and
staff
are
participating
virtually.
We
appreciate
your
patience
as
we
work
through
committee
meetings.
A
bit
differently.
We're
streaming
live
on
our
virtual
engagement
hub,
which
is
accessible
through
the
virtual
engagement
hub
link
on
the
front
page
of
the
city
website,
and
also
linked
on
the
committee
page.
B
We
also
have
an
option
for
the
public
to
listen,
live
by
phone
for
those
of
you
out
there
with
us
today.
Welcome
what
we
do
is
we
have
to
go
through
a
roll
call
of
members
so
I'll
go
through
and
introduce
all
the
committee
members
who
are
participating
virtually
members.
Please
make
sure
to
meet
mutual
microphone
if
you're,
not
speaking,
and
when
you
have
a
question
or
would
like
to
speak,
you
can
unmute
your
microphone.
If
you
raise
your
hand,
I
think
I
can
see
your
faces.
B
G
A
Having
a
connection
issue
one
hour
into
youtube,
so
if
you
could
just
pause
the
meeting
for
a
second,
so
we
can
try
and
get
this
up
and
running.
I
do
apologize.
I
just
noticed
it.
H
Barry
just
a
heads
up:
this
happened
at
the
consortium
meeting
on
monday
as
well.
It
seems
to
always
be
an
issue
out
of
the
gate,
but
it
resolves
itself
pretty
quickly,
just
fyi
to
everybody.
Okay,.
H
A
G
So
hey
christina,
I
think
I
see
the
problem.
It's
it's
we're
going
to
design
review
committee,
a
hack
me
on
youtube.
For
some
reason.
Let
me
stand
by
guys
thank.
A
A
B
I
assume
we're
live
so
just
anyway.
I
see
a
few
people
joining
us
just
for
anyone
who's
joining
us
and
wondering
why
we're
sitting
here
in
silence
we're
waiting
for
the
city's
having
some
technical
issues
with
the
youtube
channel,
so
they're
working
on
getting
that
live.
So
we've
been
asked
to
pause
the
meeting
for
a
moment.
That's
why
we're
all
just
sitting.
B
D
D
For
those
of
you
who
are
not
downtown,
it's
very
chilly,
we
have
frozen
fog
and
there
were
some
slick
spots
on
the
road
this
morning.
D
Yeah,
it's
no
yeah.
It's
noted
my
house
in
oakley
too
so,
but
as
I
got
downtown,
it
was
just
the
fog.
C
F
Yeah,
I
love
that
those
those
little
clip
wheel.
Words
are
fun
yeah.
G
A
A
Oh
ashley
just
mentioned
that
she
is
working
or
cape
is
working
with
it
to
get
this
resolved
and
some
some
weird
routing
things
I
don't
know
if
any
of
you
guys
are
in
asheville,
I'm
just
going
to
pop
one
right
now,
but
I
am,
and
hopefully
this
works.
If
you
want
to
see,
I
don't
know
if
that
will
help,
but
it's
pretty
frosty
out
there
guys.
G
A
B
Take
two
all
right:
all
right
move
my
papers
out
of
my
way,
all
right,
all
right,
we're
gonna,
restart
everybody.
Okay,
good
good
morning,
everybody,
I'm
the
chair
of
the
affordable
housing
advisory
committee,
barry
bialick,
and
I
would
like
to
welcome
you
to
the
january
13
2021,
affordable
housing,
advisory
committee,
special
meeting.
B
Our
looks
like
we've
got
four
or
five
of
our
committee
members
here
and
I'm
gonna
go
with
all
committee
members
and
staff
are
participating
virtually.
We
appreciate
your
patience
as
we
work
through
committee
meetings.
A
bit
differently.
We're
streaming
live
on
our
virtual
engagement
hub,
which
is
accessible
through
the
virtual
engagement
hub
link
on
the
front
page
of
the
city
website,
and
also
linked
on
the
committee
page.
B
We
also
have
an
option
for
the
public
to
listen,
live
by
phone
for
those
of
you
out
there
with
us
today.
Welcome
I'll
now
go
through
and
introduce
all
the
community
members
who
are
participating
virtually
please
make
sure
to
mute.
Your
microphone
if
you're,
not
speaking
when
you
have
a
question,
would
like
to
speak
on
your
microphone.
Please
remember
to
mute
your
phone
after
you're
done
speaking,
scott
adams.
B
I
think
that's
everyone
from
the
committee
that's
on
right
now,
so
we
are
yes,
I'm
just
confirming.
Yes,
we
are.
We
are
shy
of
a
quorum.
We
do
need
six
people,
so
we
just
won't.
Unless
someone
else
joins
us
won't
be
able
to
vote
on
anything
paul
would
might
be.
I
don't.
Obviously
I
can't
text
people
right
now,
but
paul.
B
It
might
be
helpful
if,
if
you
have,
if
you
can
reach
out
to
any
of
the
members
who
aren't
here
to
see
if
they
can
join
us,
because
I
think
we
would
be
hoping
to
vote
on
something
I
know
andy
will
not
be
attending
and
he
did
send
in
comments
and
he
sent
his
approval
via
email.
B
But
I
don't
know
if
that
really
counts
in
today's
rules
to
help
our
audience
follow
along
I'll
state
each
section
of
the
agenda
aloud
and
do
a
vocal
role
call
for
any
vote,
which
obviously
said
we
can't
do
yet.
Additionally,
I
ask
that
committee
members
raise
their
hand
to
speak
and
I'll
call
upon
them.
B
Us
here
we
go
okay,
so
today
what
we're
on
our
agenda
we're
speaking
specifically
about
the
down
payment
assistance
policy?
It's
an
update
about
a
third
party
provider.
This
policy
was
something
that
we
designed
years
ago
was
actually
adopted
two
years
ago.
That's
how
long
things
take
to
move
through
our
city
process.
B
Sometimes
so
we
want
to
keep
this
moving.
So
you
know
what
so
the
city
put
this
out
when
this
was
when
this
down
payment
assistance
policy
was
created.
Originally
the
city
was
going
to
initiate,
was
going
to
administer.
It
themselves
came
up
during
the
process
that
it
should
be
administered
by
a
third
party
that
was
put
out
to
rfp
my
understanding.
There
was
two
parties
that
responded
to
an
rfp
and
we're
here
to
discuss
a
little
bit
about
one
of
them,
which
was
from
mountain
housing.
B
Mountain
housing
does
administer
their
own
down
payment
assistance
program
and
they
help
administer
and
are
familiar
with
how
the
the
one
from
nchfa
works.
B
So
there
is
a
staffer:
well,
not
there's
a
memorandum
that
was
that
was
put
to
our
agenda
that
describes
a
little
bit
about
this
policy,
so
the
the
part
that
we're
specifically
looking
to
discuss
is
that
from
when
the
policy
was
written
two
years
ago,
you
know
say
times
have
changed
a
little
bit
and
the
mountain
housing
made
a
few
recommended
changes
to
the
policy
that
would
help
it
be
more
in
line
with
others,
and
that
would
be
easier
for
them
to
administer.
B
H
Sure
and
I'll
get
us
up
to
date
as
of
as
kind
of
barry
mentioned
as
of
five
basically
five
o'clock
yesterday,
so
y'all
have
this
memo
in
front
of
you
and
I'm
happy
to
answer
any
of
the
back
story.
Questions
on
how
we
got
here
today
always
makes
for
for
quite
a
fascinating
story,
but
seems
like
everything
happens
for
a
reason.
It's
it's
not
been
an
easy
path,
but
I'm
happy
to
answer
any
questions
there.
As
you
all
know,
we
had
a
chance
back.
H
We
put
this
out
for
rfp
and
the
team
internally
selected
a
we
had
an
internal
rfp
team
that
selected
a
finalist
to
take
forward
with
down
payment
assistance,
and
this
happened
on
about
mid-may,
give
or
take,
unfortunately,
since
then
getting
that
on
the
radar
to
get
this
move
forward
with
coronavirus
the
climate
reparations
police.
H
Everything
that's
happening
with
the
city
of
asheville
dpa,
while
very
important
to
the
city,
unfortunately
hasn't
risen
to
getting
back
through
committee,
with
the
idea
of
taking
this
back
to
hcd,
for
not
only
approval
of
the
third
party,
but
also
the
change
to
the
policy,
as
recommended
by
the
third.
The
third
party,
as
you
know,
last
week's
a
hack
meeting
down
payment
assistance.
H
You
all
had
questions,
and
then
I
heard
what
the
committee
talked
about
and
wanting
to
have
a
little
have
a
discussion
about
down
payment
assistance,
apologize
that
we
weren't
bringing
this
back
to
h,
a
hack
and
going
to
hcd.
It
was
all
in
the
spirit
of
trying
to
move
this
forward.
You
know
two
years
later,
so
that's
why?
Hence
today's
meeting
to
have
this
discussion
yesterday.
H
In
a
conversation
with
other
city
staff,
there
was
a
disagreement
about
the
recommended
change,
as
you
see
there
in
in
not
making
any
part
of
this
loan
forgivable,
even
after
30
years,
which
was
the
request
for
the
third
party,
so
city
management
had
this
item
removed
from
hcd
for
january's
19th
meeting
next
week.
So
I
assume
it
will
come
back
on
february,
we'll
see
so
in
a
way
we're
almost
back
at
square
one
and
I'm
so
I
guess
everything
happens
for
a
reason.
H
So
I'm
glad
that
we
will
have
an
opportunity
to
talk
about
this
this
morning.
City
staff
is
has
changed
their
mind
on
that
repayment
recommended
recommended,
recommended
changes,
and
so
now
I'm
curious
working
with
all
of
you
as
a
pathway
forward
that
you
think
would
be
best.
As
are
you
know,
the
big
choices
you
all
make
is
about
policy,
and
I
think
that
the
question
on
the
table
today,
I
think,
is
fair.
Barry
is
how
do
we
move
this
forward?
That
can
be
agreeable
to
everybody.
H
That
that
there
is
a
belief
that
there
should
still
be
forgiveness
in
down
payment
assistance
and
rewarding
people
for
being
members
of
the
community
by
then
either
offering
that
discount
after
20
years
or
completely
forgiving
at
30..
H
You
know
if
you
remember,
when
we
first
had
these
conversations
back
in
the
day.
Originally,
in
the
discussions
people
wanted
to
grant
the
funding
up
to
80
000
was
discussed,
then
the
pendulum
switched
to
no.
We
need
this
to
be
a
revolving
fund
that
keeps
living
and
going
beyond
the
20
individuals
it
might
help.
Then,
in
the
spirit
of
compromise
and
with
some
direction
from
city
management
and
city
staff,
we
came
up
with
that
compromise
of
forgiveness,
slight
forgiveness
after
year
21
and
then
full
forgiveness
at
year.
30.
H
B
I'll
just
note
that
the
you
know
we
when
this
was
going
through
two
years
ago
there
was
we
were
trying
to
somewhat
model
it
after
the
existing
programs.
So
nchfas
program
does
not
have
you
know
it's
similar
to
the
way.
The
third
party
is
suggesting
that
it's
it's.
It's
considered
a
it's
a
it's
a
loan,
but
it's
a
zero
interest,
no
payment
and
it
appreciates
as
the
the
amount
the
the
principal
of
the
loan
would
increase
as
the
property
value
appreciates,
but
it's
only
due
upon
sale.
B
B
So
I
think
for
just
for
kind
of
making
it
streamlined
and
similar
to
we're
trying
to
instead
of
reinvent
the
wheel,
do
something
that's
already
a
proven
model,
and
I
think
that's
what
you
know.
That's
where
the
the
suggestion
of
the
change
came
from
ryan.
Did
you
have
something
you're
gonna?
You
wanted
to
ask
earlier.
E
Okay,
I
mean
from
my
own
perspective,
I
prefer
the
proposal
that
mountain
housing
has
on
the
table
rather
than
having
the
loans
be
forgivable.
I
don't
quite
understand
the
logic
behind
that.
H
And
barry,
if
I
may
watch
quickly,
I
think
that
they
that
I
have
assumed
anyway.
You
know
this
is
kind
of
a
unique
situation
that
that
per
aha
could
either
maybe
suggest
that
we
go
back
to
the
drawing
board
with
an
rfp,
perhaps
stating
that
no
changes
to
the
policy
can
happen,
or
I
think
that
ahack
could
say.
This
is
actually
a
good
proposal.
H
We
should
we
should
talk
about
this
more
in
february
and
make
a
recommendation.
I
think
those
are
the
pathways
that
I
can
see.
But
again
this
is
kind
of
a
unique
situation.
B
Yeah
yeah,
so
what
you
know
what
I'd
I
mean?
I
guess
you
know
again
since
this
is
you
know
this
is
a
policy
written
two
years
ago.
The
numbers
and
everything
were
based
on
something
two
years
ago.
Things
have
changed.
Obviously,
a
bit
you
know,
house
prices
have
increased,
but
one
of
the
things
that
we
one
of
the
things
that
I
think
we
really
have
working
in
you
know
our
favor
right
now
is-
is
the
low
interest
rates.
B
The
low
interest
rates
make
such
a
big
difference
for
qualification,
so
they
really
right
now
the
interest
rates
as
they
are.
You
know
the
2.7
to
3,
there's
a
timeliness
to
that
that
that,
over
the
year,
there's
a
chance
that
could
increase
and
that
gives
buying
power
to
folks
in
the
80
mi,
even
sixty
percent.
You
know
it's
there's
even
I
think
we
have
the
closest
chance
ever
of
even
60.
B
Am
I
right
now
being
able
to
qualify
for
something
with
some
down
payment
with
assistance,
whether
it's,
whether
it's
just
through
this
or
layered,
with
others
from
nchfa
or
mountain
housing
programs?
And
it's
really
layering
of
down
payment
assistance?
B
Programs
is
very
common,
so
you
know
there's
definitely
a
timeliness
to
right
now
because
of
it
because
of
interest
rates
at
historic
lows
that
it
should
be
that
that
everyone
should
have
the
opportunity
to
take
advantage
of
those
and
this
program
kind
of
really
makes
that
difference
of
whether
they
can
take
advantage
of
those
interest
rates.
Now
or
not
so
there's
you
know
there's
a
few,
and
I
think
we
can
discuss
this
further
in
the
february.
There's
a
few
little
you
know.
Besides
that,
you
know.
B
There's
we
have
the
discussion
specifically
on
us
right
now
about
the
the
the
two
recommended
changes
and
then
there's
a
few
of
the
policy
questions
that
maybe
could
be
brought
up.
You
know
now
that
we
now
that
we
have
a
moment
like
the
there's
one
one
is
specifically
and
maybe
paul
you
can
help
me
out
just
understand
this,
like
the
date
right
now,
it's
worded
the
the
down
payment
assistance
program
that
that
was
adopted
is
worded
that
it
has
to
be
used
by
december
31st
of
this
year.
B
H
So
that
may
have
been
the
federal
home
loan
bank
piece
of
it
barry
the
the
the
money
for
the
million
dollars
down
payment
assistance
for
the
bond
funding
strictly
under
the
80
ami.
We
have
until
november
of
2023
to
get
that
out
the
door
so
about
two
and
a
half
years,
and
I
think
there's
even
some
caveat
there
with
you
know
we
can
be
allocated
and
you
still
get
the
thumbs
up,
that
the
bond
people
are
happy.
So
we've
got
time
on
the
million
dollars
that
december
30.
H
E
H
I'm
getting
a
lot
of
feedback,
I
don't
know
if
everyone's
muted,
but
so
I'll
make
sure
I
mute
myself
when
I'm
not
talking
but
brian.
Thank
you
for
that
you're
right
that
set
aside
for
60
ami.
They
wanted
to
give
folks
a
shot
to
you
know
because
that's
a
heart,
a
lower
ami
harder
to
make
those
numbers
work
with
dpa,
so
good
point.
We
probably
would
want
to
adjust
that
date.
You
know,
of
course,
if
it
went
out,
you
know
we'd
still
have
this
whole
year,
but
we
could
still
extend
it.
B
F
If
I
may
just
to
speak
to
what
barry
had
mentioned
about
the
drop
in
interest
rates
and
and
then
striking
while
the
iron
is
hot-
could
be
an
important
thing
here,
but
just
you
know
an
estimated
calculation
I
made
the
the
recent
drop
in
interest
rates
on
a
250,
000
house
or
250
000
loan
would
would
drop
the
payment
as
a
you
know
what
it
would
have
been
last
year
versus
this
year,
something
like
250
a
month.
So
it's
very
impactful
and
and
of
course,
potentially
temporary
yeah.
B
I
think
what
I'm
going
to
do
actually,
so
we
put
together,
you
know
a
little.
I
have
a
little
spreadsheet
I'm
going
to
share
and
I
can
kind
of
go
through
I'll
talk
through
a
couple
of
scenarios
on
that
that
just
show
the
effectiveness
of
this
of
the
down
payment
assistance.
So
I'm
going
to
go
ahead
and
share
that
spreadsheet.
Now.
H
And
barry
paul
here,
just
a
quick,
friendly
reminder:
everybody
to
everybody
that
we
have
to.
We
do
have
a
hard
stop
at
10
a.m,
because
we've
got
another
meeting,
but
not
us,
but
the
the
cape
folks
do
but
again,
we've
got
february
5th.
I
think
yep.
B
E
B
I
can
see
it:
okay,
okay,
so
what
this
is
this
is
you
know
this
is
a
down
payment
systems
calculator.
So
I'm
assuming
a
couple
of
things
right
here
and
I'm
moving
a
little
curved
around
here.
B
So
the
assumptions
that
I've
got
are
interest
rate
at
three
percent,
and
this
is
assuming
that
if,
if
a
loan
does
have
pmi
in
it
that
a
monthly
payment
would
be
about
a
hundred
and
forty
three
dollars
paul
heathman
and
I
went
through
this
yesterday-
we
kind
of
did
some
quick
calculations,
so
we
have
at
least
a
number
to
base
off
of
here
at
the
bottom.
These
are
the
hud
income
guidelines,
so
these
are
maximum
incomes
for
80,
ami
and
maximum
income
for
60
ami.
B
These
are
the
way
they're
they're
kind
of
tiered
by
the
amount
of
people
in
a
household.
So
basically,
for
example,
in
you
know,
60
ami
household,
with
three
people
in
it,
the
maximum
income-
that's
considered.
60
ami
is
38
700.
every
person
household
at
80,
ami,
it's
it's
considered,
51
600..
B
So
those
are
just
some
assumptions
I'm
going
for
that,
and
what,
when
I
do,
some
quick
calculations?
I'm
going
to
show
you
this
is
what
it's
showing
on
the
scenario
that
the
minimum
that
the
income
would
have
to
be
to
qualify.
You
know
to
to
make
this
to
make
a
a
purchase,
feasible
or
not
and
again,
there's
a
lot
of
assumptions
going
into
this
and
every
obviously
everyone
individual
credit
is
differently,
and
that
affects
something.
But
we
tried
to
work
with
some.
B
B
In
my
scenario,
you
know
the
way
the
down
payment
assistance
program
is
is
written
that
from
sixty
to
eighty
percent
ami,
that
the
maximum
down
payment
assistance
would
be
forty
thousand
dollars
and
then
for
eighty
percent
ami.
It
would
be
I'm
sorry,
sorry
under
sixty
percent,
it's
it's
a
40
000
and
then
between
60
and
80,
it's
35
000.,
so
example.
If
they're
you
know
in
a
245
000
house,
I'm
going
to
change
this
number
to
the
35
000
level.
B
So
what
this
shows
the
sales
price
of
a
house
at
245
000,
assuming
5
000
in
closing
costs
thousand
dollars
cash
in
from
the
buyer,
which
is
what
the
down
payment
assistance
would
require,
assuming
I'm
gonna
actually
just
take
this
out
just
to
see
how
that
makes
a
difference.
So
that's
this!
B
This
would
be
if
there
was
other
layered
in
down
payment
assistance,
but
this
shows
so
if,
if,
if
a
buyer
were
to
have
the
35
000
down
payment
assistance
on
purchasing
a
245
000
house,
there
would
still
be
ami
in
that
loan
and
that
would
give
them
a
monthly
payment
of
hundred
and
forty
dollars,
which
puts
it.
B
You
know
the
income
that
we
needed,
forty
eight
thousand,
so
that
makes
it
for
it
makes
it
a
feasible
program
for
someone
in
a
three
person
household
and
eighty
percent
ami
to
purchase
a
house
so
the
so.
What
we're?
What
this
calculator
basically
does
is
trying
to
help
determine
you
know
the
effectiveness
of
the
program
and
what
other
layering
layers
are
needed
in
so
in
the
case
of
you
know,
60,
which
is
this
is
where
I
think
the
you
know.
B
The
timeliness
is
really
important
to
this,
because
the
interest
rate
helped
so
much
so
if
we're
going
to
change
change
this
to
the
40
000
and
we
are
gonna,
I'm
going
to
change
this
purchase
price
to
225
000,
just
to
see
how
this
works.
I
know
there
aren't
many
houses
like
that,
but
there
are
there
are
some.
You
know
I
think
I
know
there's
a
condo
project
that's
been
proposed
that
would
have
purchased
prices
below
that
there
still
are
believe
it
or
not
some
new
construction
at
that
price.
B
So
at
that
point
what
we
can
see
for
us,
so
this
is
what
we're
going
to
try
to
do
is
see
for
60
ami
borrower.
Can
we
make?
Is
there
a
way
that
we
can
make
this
program
work?
And
so
what
you
see
right
now
at
225
000
purchase
price
with
40
000
that
still
triggers
the
ami
requirement,
and
that
would
mean
the
minimum
income
would
need
to
be
four
thousand
which
doesn't
really
trigger
the
range
in
the
sixty
percent
ami.
B
However,
if,
if
there's
layered
in
other
other
down
payment
assistance
programs,
which
is
which
is
common,
you
know
for
especially
for
60
ami
buyers,
so
I'm
just
going
to
put
in
a
20
000
extra
down
payment
assistance
to
see
what
difference
that
makes,
and
you
can
see
that
actually
makes
it
feasible.
The
biggest
thing
it
does
is
it
gets.
It
removes
the
ami,
the
pmi
requirement,
which
is
private
mortgage
insurance,
and
you
can
see
the
way
my
calculator
is
doing.
That
is
it's
calculating.
B
B
B
You
know
just
to
give
an
example
of
the
timeliness
what
that
difference
makes
if
we
change
that
interest
rate
to
4.5-
and
you
see
it
changes
the
number
to
make
it
not
feasible
for
that
that
three-person
household
anymore,
so
you
know
the
main
thing
I
was
wanting
to
illustrate
with
this
is
the
timeliness
and
and
how
to
make
that
the
in
some
ways
the
lower
interest
rates
are
acting
as
a
form
of
down
in
of
a
form
of
allowing
60
and
80
ami
buyers
to
be
able
to
purchase
a
house
that,
once
the
interest
rates
go
up
or
go
back
to
even
what
they
were
when
this
program
was
originally
designed,
it
wouldn't
be
feasible
anymore,
so
we
we
have
one
of
the
the
striking
while
iron
hot
approach
to
you
know
to
how
the
interest
rates
really
work
in
our
favor
right
now.
B
So
you
know,
I'm
really
want
to
try
to
keep
the
down
payment
assistance
moving
forward.
I'd
really
be
disappointed.
If
that
did
not
so
I'm
going
to
stop
sharing
this,
I
will
post
some
of
these.
You
know
copy
this
spreadsheet
or
some
of
the
scenarios
worked
in,
but
you
know
the
main
thing
I
was
wanting
to
show
with
this
is
that
there
is
this
chance
right
now
that
a
60
ami
household
could
purchase
a
house.
B
It
takes
a
lot
of
best
case
scenarios,
but
the
more
we
all
lean
in
to
help
with
you
know
the
cities
program
with
layering
in
with
others
and
using
the
interest
rates,
it
is
possible.
The
one
other
thing
I'll
just
make
a
quick
note
before
I
stop
is
you
know?
One
of
those
one
of
the
discussions
could
also
come
up,
since
we
have
we'll
have
a
moment
is
whether
we
should
look
at
that
like
right.
B
B
So
if
we
do
that,
you
know,
I
just
wanna,
show
you
the
example
at
without
any
other
layered
in
financing
down
payment
assistance
program.
You
know
it's
at
three
percent
interest
rate
right
now.
It's
makes
it
feasible.
You
know
it's
like.
Well,
that's
the
big
thing.
I
was
wanting
to
show
that
if
we
did
have
the
discussion
about
changing
those
amounts
for
60
mi
to
50
000,
how
that
effect
that
that
could
have,
because
the
biggest
thing
it
does
is,
it
puts
the
amount
over
20
percent.
B
You
know
the
down
payment
assistance
slightly
over
20
which
kicks
out
the
a
the
pmi
requirement
and
that's
the
biggest
hurdle
for
qualification
at
that.
It's
like
the
real
difference
is
whether
it
works
or
not,
and
I
wanted
to
illustrate
that
because
that's
also
a
point
that
was
brought
up
in
the
in
the
mountain
housing
proposal
so
that
they
wanted
to
they
suggested
removing
the
20
cap
amount
on
that.
H
And
barry,
if
I
can
just
had
a
quick
note,
thank
you
for
that.
I
think
I've
talked
to
a
few
of
you
that
we
at
the
city
have
developed
appendix
2,
which
is
our
home
ownership
calculator.
That's
pretty
detailed,
very
similar
to
what
barry
put
together
we're
trying
to
get
that
on
the
website
to
be
a
live
calculator
that
anybody
can
put
in
some
basic
numbers
and
it'll
show
what
the
housing
payment
would
be
and
then,
of
course,
court.
H
Next
to
that
will
be
the
hub
table
to
see
if
it
qualifies
for
under
60
under
80..
We
just
haven't
figured
that
out
yet
and
trying
to
get
that
on
the
radar,
but
just
a
heads
up,
you
know
very
not
not.
Our
calculator
is
better
than
yours,
but
we
will.
We
will
work
together
on
that
berry,
yeah.
B
And
they-
and
I
know
one
of
the
you
know
one
question
that'll
definitely
come
up,
is
you
know,
obviously,
I'm
using
purchase
prices
of
225
and
245
000,
and
we
talk
about
all
the
time.
This
list
of
two
of
only
there's
right
now,
only
15
houses
left
left
in
the
city
under
275
000,
but
again
where
the
timeliness
of
the
down
payment
assistance
could
be.
Is
that
this
you
know
this?
There
are.
There?
B
Are
a
couple
of
projects
proposed
that
our
proposing
sale
prices
below
225
000
that
are
that
have
already
got
housing,
trust
fund
funding
approval,
and
I
think
next
month
we're
going
to
be
discussing
the
city,
the
city,
land,
the
city-owned
land
parcels
that
some
of
them
were
were
meant
to
be
for
affordable
home
ownership,
so
by
removing
a
land
basis
from
a
purchase
price,
it
could
bring
that
purchase
price
down
to
the
levels
that
I'm
suggesting
in
the
calculator
so
kind
of
the
timeliness
of
getting
the
down
payment
assistance.
B
H
Barry
just
a
heads
up
that
parker
has
joined
the
call,
so
I
believe
that
does
because
of
the
quorum
okay
and
then
I
do
think
listening
to
you
and
and
hearing
timeliness,
I
would
imagine
if
we
went
had
to
go
back
for
an
rfp
on
this.
H
I'm
thinking
you
know
with
golly
did
we
have
our
hud
applications
nikki
and
I
are
presenting
to
council
about
the
pipeline
of
partnerships
for
this
year?
I
would
think
at
the
earliest
june,
maybe
at
the
latest
september
is
my
thought
at
the
moment.
If
we
had
to
go
back
out
to
rfp
yeah
cool.
F
I'd
be
I'd,
be
quite
valuable.
Wouldn't
I
I'll.
F
Reserve
you
know
continue.
The
chair
continues
to
say
that
that
they'll
keep
interest
rates,
low,
the
federal
funds
rate
low
for
the
foreseeable
future,
so
there's
no
expectation
of
a
rise
like
very
soon,
but
but
really
do
we
just
have
no
idea
and
if,
if
we've
learned
anything
this
last
year
is
that
we
have
no
idea.
Let
me
also
mention
as
we're
talking
about
these
calculators.
F
The
you
mentioned.
Condos
and
condos
will
generally
have
a
homeowner's
association
fee.
In
addition
that
we
maybe
should
put
in
the
calculator
we
wouldn't
know
what
that
is
until
the
project
is
proposed
and
really
until
it's
finished,
it
does
generally
reduce
the
hazard
insurance
liability
a
little
bit,
but
it
may
be
something
to
consider
adding
to
the
calculator
okay.
C
F
F
You
know
yeah
what
what's
available
in
the
grounds
and,
of
course,
we'd
love
to
see
these
projects,
something
you
know,
playgrounds
and
things
for
children
so
and
it
would
be
for
those
types
of
facilities,
but
you
know,
I
think
of
maybe
something
in
the
neighborhood
of
a
couple
hundred
dollars
a
month
as
a
as
a
maximum,
but
it
can
be
can
be
that
much.
I
mean
right.
I
think
if
these
projects
are
are
are
being
built
or
planned
with
affordability
in
mind
that
should
be
considered
as
part
of
it.
The
overall
affordability.
C
Sure
I'm
just
curious
if
I
mean,
even
if
there's
a
stock
average,
that
I
mean
for
the
purposes
of
building
the
calculator
or
just
assumptions,
you
know
call
it
150.
F
I
don't
know,
maybe
some
maybe
the
developers
could
help
us,
at
least
with
an
assumption
like
what
what
they
expect,
based
on
the
kind
of
the
overall
plan
and
yeah.
B
I
think
a
lot
of
affordable,
like
the
developers,
are
doing
projects
like
that
they're
trying
to
design
them
in
ways
that
the
h-way
fees
are
absolutely
minimum,
usually
by
instead
of
like
the
condo
approach,
hasn't
been
used
much
and
said,
there's
more
of
like
a
townhome
approach
and
the
townhome
approach
where
people
actually
own
their
units,
it
makes
the
hoa
fees
much
less.
So
I
think
there's
like
you
know
an
example
in
a
project
I'm
doing
that
there
there
are.
B
F
That's
that's
awesome,
yeah
and
for
everyone
else,
listening
the
difference
between
a
condo
in
a
town
home
is
simply
with
a
condo
you
own
what
we
call
paint
to
paint
just
the
interior
of
the
unit
and
with
the
townhome
you
tend
to
own
the
land
underneath
maybe
a
little
more,
but
usually
the
land.
Underneath
also
is
you
own
instead
of
being
owned
by
the
condo
association?
B
D
We
I
wanted
to
ask
that
you
know.
Obviously
one
of
the
things
that
has
to
be
considered
is
the
fact
that
we've
got
to
keep
this
money
coming
and
if
you're,
30
years
old
or
40
years
old
and
you're
going
to
own
this
house
for
30
years.
That's
you
know,
you're
going
to
be
70
and
you
never
plan
to
sell
it
ever
ever
ever
or
your
kids
or
whatever.
D
H
So,
in
the
conversations,
if
I'm
following
you
margie,
you
know
if
they
all,
if
it
all
went
out
the
door
in
a
year
which
I
think
could
be
possible,
the
city
could
literally
do
20
to
30
loans,
and
then
the
money
is
is
out
the
door
and
it's
gone
until
those
people
sell
regardless.
If
there's
a
forgiveness
or
payback,
I
think
mho's
point
in
their
up
in
their
rfp
response
was
this
allows
the
funding
to
keep
moving.
H
It
keeps
coming
back,
it's
a
living
fund,
it's
it's
working
on
its
own
and
with
its
own
parameters.
They
have
a
very
successful
down
payment
assistance
program
that
they
do
right
now
that
they've
used
with
home
funding
and
they've
not
had
to
come
back
for
home
funding
because
they're
able
to
recycle.
H
You
know
the
income
back
from
there,
so
they
haven't
had
had
to
come
back
for
home
funding
which,
for
all
of
you
that
know
that's
limited
home
dollars
are
limited
every
year,
so
it's
kind
of
nice
that
they
don't
have
to
come
back
to
flipping
back
to
your
question
margie,
it's
very
similar
again,
not
try
not
to
argue
on
both
sides
but
to
be
fair
here.
I
think
that
the
point
of
keeping
it
a
living
from
fund
from
mho's
point
is,
you
know,
number
one.
H
They
won't
have
to
come
back,
possibly
for
more
bond
dollars
in
the
future
or
a
future
bond
might
not
have
to
have
to
include
down
payment
assistance.
Necessarily,
you
know,
because
they're
they're
keeping
it
a
revolving
living
fund.
B
Can
we
parker
you
are
on
the
call
now
is
that
it.
B
B
Okay,
yeah,
okay,
so
you
know,
I
think
what
what
I
think,
what
what
might
help
is
us
giving
some
clear
direction
on
this
as
a
policy,
and
so
you
know
what
we
have
in
front
of
us
is
some
suggested
changes
from
you
know
from
who
responded
to
the
rfp
mountain
housing,
and
I
and
I
think
what
we
should.
I
think
what
would
really
help
us
if
we
give
clear
direction
as
a
committee
do
we
do?
B
We
suggest
they
move
forward
and
continue
negotiations
and
make
sure
that
this
moves
through
keeps
move
through,
keeps
moving
through
the
process,
so
it
doesn't
get
stalled.
So
I
think
we
have
people
here.
B
I
know
we
will
have
the
opportunity
the
next
meeting
to
discuss
further,
but
just
for
the
timeliness
between
now
and
then
I
would
like
to
take
a
a
vote
to
so
and
then
you
know
we
will
have
the
opportunity
to
discuss
it,
but
I
would
like
to
make
a
motion
to
approve
the
recommended
changes
that
mountain
housing,
the
vendor
for
the
the
rfp
you
know
for
the
down
payment
assistance
has
recommended
and
that
we
accept
that
and
strongly
suggest
that
staff
continue
to
move
this
through
the
negotiations.
B
F
B
D
B
G
B
I
vote
yes,
so
it's
all
eyes,
so
we
so
we're
going
to
make
christine.
Do
you
have
enough
of
a
motion
for
that
christina
just
making
sure
we
have
enough
of
a
motion,
so
we
have
our
motion
accepted
that
we
have
done
that.
We
recommend
strongly
that
this
continue
through
and
that
we
accept
mountain
housing's
recommended
changes.
B
H
And
if
I
can
add,
I
know
I
know
it
can
officially
count,
but
I
guess
you
brought
it
up
earlier
in
my
notes
here
but
andy
I
think
emailed
positivity
as
well.
So
I
don't
know
how
that
counts,
but
christine-
and
I
can
mention
that
so
I
can
add
this
to
february's
a
hack
agenda
and
then
I
guess
figure
out
in
a
staff
report.
H
If
that's
the
way
that
goes
barry
for
hcd
in
february
that
I
can
add
a
section
about
ahex
recommendation
and
then
any
other
information
that
you
want
to
bring
forward
in
february.
It
sounds
like
if
I
heard
you
correctly
some
additional
reasons.
Why
now
is
the
time
like
the
low
interest
and
things
so
is
that
the
direction.
B
Yes,
yeah
and
I
would
like
I
would
like
I
think
at
the
next
meeting,
then
I
would
like
to
discuss
actually
right
now.
Those
numbers
again
were
from
two
years
ago
for
forty
thousand
and
thirty
five
thousand.
I
would
like
to
suggest
that
it
be
or
if
you
consider
for
them,
that
we
we
look
at
the
60
of
my
being
50
000
and
maybe
the
the
60
to
80
being
40
000.
H
And
barry
will
work
on
that
agenda,
so
I
already
did
the
agenda.
I
always
do
it
while
we're
in
the
current
meeting
for
the
next
month,
but
I
can
adjust.
Obviously
so
you
know
you'll
we
I
might
have
to
clear
some
things
or
push
them
off
till
march
to
give
us
some
more
time
you
and
I
will
talk
about
that
as
the
date
gets
closer.
B
Okay,
all
right
well,
yeah
thanks.
I
think
this.
I
think
this
is
really
important.
I
think
it's
really
important.
We
as
a
committee.
You
know
we
as
a
committee,
help
with
policy,
and
this
is
this
is
a
policy
you
know,
and
it
does
get.
I
have
to
admit
it
gets
so
frustrating
watching
things
that
we've
worked
on
for
years
and
how
long
it
takes
to
get
through.
But
you
know,
I
think
we,
as
a
committee,
have
the
voice
to
keep
things
moving.
Despite
there
might
be
hesitance
from
some
we.
B
You
know
we
are
the
people,
so
we
we
have
the
right
to
keep
this
moving
and
using
our
channels
and
our
friends
to
keep
things
moving.
So
I'm
I'm
pleased
you,
you
all
are
helping
out
with
all
this.
I
think
you
know
so
we
that
we
moved.
That
was
really
the
only
item
on
our
agenda.
B
What
I
do
I'm
gonna
move
on
to
the
public
comment
period.
The
public
comment
that
we
have.
We
have
two
public
comments,
the
auto
recordings.
Well,
I
don't
know
if
these
order
recordings,
but
I
have
them
in
front
of
them
in
front
of
me.
If
there
were
audio
recordings,
then
they
would
be
provided
some.
B
You
know
there
will
be
a
link
to
them
somewhere,
but
I'm
gonna
read
what
we've
received
for
this
they're
not
related
to
what
are
specifically
talking
about,
but
we'll
go
ahead
and
read
them
and
I
just
was
told:
there's
no
audio
recording,
so
I'm
just
gonna
read
the
emails
that
were
received.
B
One
was
from
sharon.
Trammell
was
sent
on
january
11th,
says
asheville,
like
other
municipalities,
should
consider
changing
the
code
to
allow
for
tiny
house
construction.
Multiple
tiny
homes
could
be
constructed
on
small
lots
and
allow
for
low-income
individuals
to
own
a
home
from
what
I've
heard.
Unfortunately,
asheville's
building
codes
do
not
allow
for
this
kind
of
construction
in
the
city
limits,
and
that
is
that
was
received
from
sharon.
Count
mike
I'll.
B
Just
had
a
little
comment
on
that
that
it's
a
state
building
code
and
the
state
building
codes
have
adjusted
with
the
they're
working
on
some
provisions
for
adjusting
how
that
is.
But
zoning
code
doesn't
really
allow
things
that
aren't
on
attached
foundations,
but
there
are
they're
def.
This
definitely
is
a
big
discussion
and
it's
something
that
we
will
hear
more
and
more
of
thanks
sharon.
The
next
comment
is
from
jacqueline
miller.
I
have
a
basic
question
for
the
committee:
I'm
a
volunteer
board
member
of
the
guardian
litton
association
of
buncombe
county.
B
B
C
And
this
is
scott
adams.
I
could
just
quickly
chime
in
on
that.
I
would
say.
Certainly
you
know,
in
terms
of
the
city's
unified
development
ordinance,
trying
to
see
what
the
current
policy
is
on
single
ring
up
single
room,
occupancies,
sros
or
boarding
houses.
B
Okay,
I
mean
I
get
we've
accomplished
what
we
need
to
for
this
agenda
we've.
So
I
think
what
we'll
do
is.
We
can
adjourn
the
meeting
now
unless
anyone
has
anything
they'd
like
to
add
or
bring
up.
H
Just
a
friendly
reminder
to
everybody
that,
if
you're
not
on
our
community
development
listserv,
please
you
know
email
christina,
we'll
also
have
a
forum
online,
but
just
to
get
updates
from
us
about
upcoming
meetings,
our
hcd
updates.
You
can
get
those
sent
out
the
day,
it
happens,
etc.
So,
please
remember
just
to
sign
up.