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From YouTube: Affordable Housing Advisory Committee
Description
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A
We're
live
okay.
Good
morning,
everybody,
I'm
terribara
bialik
and
I'd
like
to
welcome
you
to
the
april
7th
2022,
affordable
housing,
advisory
committee
meeting.
All
committee
members
and
staff
are
participating
virtually.
We
appreciate
your
patience
as
we
work
through
committee
meetings.
A
bit
differently.
A
A
And
use
meeting
code
7663
to
listen
in
for
those
of
you
out
there
with
us
today.
Welcome
I'll
now
go
through
and
introduce
all
the
committee
members
who
are
participating
virtually
please
make
sure
to
mute
your
microphone
if
you're,
not
speaking
when
you
have
a
question
or
would
like
to
speak
unmute
your
microphone,
please
remember
to
mute
your
phone
option
star
6
after
you
are
done
speaking
committee
members,
as
I
call
your
name,
please
say
a
quick
hello.
A
C
A
F
H
Andy
barnett
asheville
area,
habitat
for
humanity,
true.
A
A
All
right
welcome
all
first
we're
gonna.
A
So
everyone
had
a
chance
to
kind
of
look
through
our
action
minutes
from
the
last
meeting.
A
Okay,
go
through
these
margie.
A
E
A
C
A
C
A
Okay,
so
we
have
our,
you
know,
list
of
available
homes
and
voucher
reports
and
the
bunker
sales
data
that
we've
got
posted.
You
know
again,
it's
still
looking
really
bleak,
with
the
amount
of
in
the
inventory
is
so
low
that
there's
a
presentation
was
that
last
night
for
leadership,
asheville
that
matt
allen
from
lost
star
was
there,
and
he
was
saying
that
asheville
in
the
metropolitan
area
currently
has
a
0.7
of
a
month's
inventory
of
homes
available.
A
That
means
all
of
the
based
on
sales
and
based
on
what's
available,
everything
that's
on
the
mls
in
the
city
of
asheville
would
get
would
get
absorbed
in
three
weeks.
So
that's
and
then
there
was
some.
He
had
some
good
comparisons
about
how
we
looked
to
north
carolina.
You
know
compared
to
north
carolina
and
the
county,
but
we're
definitely
you
know
not
not
where
we
want
to
be
on
that.
So
you
know
our
inventory
is
so
so
so
low.
So
that's.
What
obviously
is
bringing
house
prices
up,
but
it
was.
A
It
was
kind
of
a
reality,
dose
just
kind
of
seeing
a
statistic
like
that
that
was
very
updated,
that
yeah
0.7
of
a
month
of
inventory,
so
that's
kind
of
why
we,
but
you
know
why.
Why
did
we
see
these
prices
going
up
so
much,
and
then
you
know
why
we're
I've
had
to
expand
this
search
from
275
up
to
375,
just
to
show
any
example
of
what's
out
there
and
how
fast
it
goes.
It's
it's
a
scary
time,
any
other
questions
or
comments
about.
B
So
barry
this
page
we
only
have
seven
houses
on
that
one
page.
A
A
A
We
did
discuss
a
few
months
back,
that
we
wanted
to
kind
of
start
to
include
some
rental
data
and
we're
having
a
hard
time
finding
any
regularly
prepared
local
rented
data
pisgah
legal
kind
of
they
track
some
evictions,
but
there's
no
there's
nothing
that
really
tracks
kind
of
the
movement
of
rental
rates,
other
than
there's
apartment
list.com,
which
produces
an
annual
report
and
then
obviously
the
bowen
report
when
when
that's
commissioned,
but
we
haven't
really
found
any
other
tracking
reports.
A
If
anyone
knows
of
anyone
knows
news
of
anyone
who
maybe
wants
to
take
that
on
that
would
be
they'll
be
great
because
I
think
there'll
be
some
really
valuable
data.
I
think
was
also
discussed
yesterday.
The
average
rent
for
a
two-bedroom
apartment
now
in
asheville
is
some
something
between,
I
think
was
like
seventeen
hundred
and
seventy
dollars.
A
So
it'll
help
you
know
as
more
units
come
on,
but
it's
it's
pretty.
It's
pretty
bleak
at
the
moment
and
we
definitely
you
know,
feel
it
when
we
know
of
the
the
pleas
around
the
realtor
boards,
I
see
of
the
desperation
of
people
trying
to
help
people
find
rentals
is,
is
you
know
getting
to
the
pleading
for
help
level?
It
feels
like
any
other
comments
or
thoughts
on
this
or.
A
Okay,
we're
going
to
move
on
first
thing.
Next
thing
that
we
have
in
our
agenda:
we
have
a
presentation
from
the
asheville
buncombe
community,
land
trust
about
kind
of
their
progress
and
and
what
they've
found
and
learned
you
know
reminder
they
were.
You
know
that
was
part
of
the
bond.
There
was
a
million
dollars
that
was
dedicated
towards
setting
up
a
community
land
trust
and
really
eager
to
hear
update
from
y'all.
So
anna
I'll
turn
it
over
to
you.
J
Thanks
barry
good,
I
morning,
everyone
yaska,
I'm
the
executive
director
of
the
asheville
buncombe
community
land
trust.
What
I'm
going
to
do
today
is
a
quick
presentation
of
the
overview
of
the
community
land
trust
model
and
our
program,
and
then
we'll
have
some
time
for
questions.
I'm
sure
you
all
want
to
hear
more
specifics
about
what
we've
done.
So
I'm
really
just
going
to
keep
it
brief
to
an
overview,
and
then
we
can
go
into
some
detail.
J
All
right
so
a
little
bit
about
abclt.
First,
I
want
to
talk
about
our
mission-
I'm
not
going
to
read
this,
but
I
do
want
to
say
that
there
are
three
kind
of
distinct
parts
to
our
mission,
so
the
first
is
the
portion
in
bold
and
that
really
speaks
to
what
we're
doing
so.
The
residential
community,
commercial
and
community
spaces
are
the
things
that
we
are
focused
on
as
a
community
land
trust
right
now.
J
The
second
portion,
the
portion
in
italics,
is
the
who,
so
we
are
really
geared
to
serve
black
indigenous
people
of
color
and
low
to
moderate
income
residents
within
the
city
of
asheville,
as
well
as
buncombe
county,
and
then
the
last
part
is
what
is
our
end
goal
so
again
that
part
in
bold.
We
are
really
striving
to
build
social,
economic
and
cultural
capital
within
our
communities.
D
Hey
anna
we're
we're
still
on
the
first
slide.
If
you
we
don't
see
your
fault,
we're
seeing
yeah
yeah
interesting,
you
want
to
hit
slideshow
at
the
top
or
something.
J
I
did
do
that,
okay,
so
you
only
see
program
overview.
J
I
only
shared
my
window.
Okay,
let
me
know
if
you
can
see
it
now,
I'm
gonna
go
to
slideshow
and
I'm
on
the
second
slide.
Can
you
all
see
that
perfect?
Yes,
okay,
sorry
about
that,
I'm
used
to
zoom.
So
this
is
our
mission.
This
is
what
I
was
talking
about
here
a
second
ago
just
so
you
all
can
see
that
next
slide
is
a
little
bit
about
our
organizational
background.
J
However,
we
really
have
been
having
a
lot
of
community
conversations
about
this
formation
since
2014,
and
even
as
early
as
2010,
depending
on
who
you
ask
what
communities
you
talk
to,
there's
been
really
a
lot
of
talk
about
forming
a
community
land
trust
and
creating
permanent
affordability.
J
Really,
I
want
to
highlight
also
that
we
were
formed
to
address
the
injustices
of
urban
renewal.
I
typically
have
a
whole
section
about
urban
renewal
and
the
history
of
that
here
in
asheville,
for
the
sake
of
time
and-
and
you
all's
familiarity
with
that-
I'm
skipping
that
today,
but
I
really
do
want
to
highlight
that
that
is
one
of
the
reasons
that
we
were
formed
as
an
organization.
J
J
J
E
New
york
city
is
filled
with
hard-working
people
from
around
the
world
building
homes
for
their
families
and
a
future
for
their
communities.
Yet
this,
culturally,
socially
and
economically
diverse
metropolis,
is
at
risk
of
becoming
the
nation's
largest
gated
or
perhaps
motive
community
as
home
prices
and
rents.
Skyrocket,
home
ownership
is
moving
further
and
further
out
of
reach
for
local
families
unable
to
afford
a
down
payment.
These
would-be
home
buyers
remain
renters,
often
in
overcrowded,
unaffordable
and
unhealthy
conditions,
putting
further
strain
on
the
housing
market.
E
How
did
we
get
here?
One
reason
is
that,
while
hundreds
of
thousands
of
affordable
housing
units
have
been
built
in
recent
decades,
many
of
these
affordable
homes
disappear
becoming
market
rate
housing
with
sales
and
rental
restrictions.
Timing
out
way
too
quickly.
This
results
in
more
long-time
residents
being
displaced
and
pushed
away
from
their
communities.
E
E
The
clt
is
a
community
controlled
nonprofit
that
owns
the
land
and
sells
or
rents
the
housing
on
that
land
to
low-income,
new
yorkers
home
buyers
sign
a
99-year
lease
with
the
condition
that
when
they
sell
their
home,
it
will
be
sold
at
an
affordable
price
for
the
next
low-income
buyer.
The
homeowner
builds
equity,
while
the
property
remains
affordable
for
another
buyer
of
limited
needs.
This
creates
a
permanently
affordable
housing
marketplace
for
generations
to
come,
shielding
the
homes
and
community
from
speculators
and
preventing
gentrification
join
us
in
building
homes
and
communities.
That
last.
J
Okay,
so
a
little
bit
about
community
land
trusts,
there
are
almost
300
community
land
trusts.
I
think
that
number
is
actually
over
300
at
this
point
in
the
united
states.
So
this
is
not
anything
new,
although
it
may
be
new
to
us
here
in
asheville,
it's
not
a
new
model
across
the
country
or
even
across
the
world.
J
There
are
two
clts
that
I
always
like
to
point
out:
new
communities,
inc
and
community
landscapes
cooperative
of
cincinnati,
so
new
communities
was
formed
in
georgia
in
1969.
This
was
the
first
clt
and
the
first
rule
clt,
really
out
of
a
necessity
to
help
african-american
farmers
and
families
gain
security
of
land.
So
a
lot
of
those
individuals
were
displaced
and
they
came
together
to
pull
their
resources
and
create
this
collective
ownership
model
so
that
they
would
not
be
at
risk
of
displacement
in
the
future.
J
The
probably
most
unique
component
to
the
community
land
trust
model
is
the
ownership,
so
it
is
owned
by
the
community.
The
land
itself
stays
within
the
organization.
We
do
not
sell
the
land
and
we
do
sell
the
buildings
on
that
land.
So
in
most
cases
right
now
we're
selling
those
off
to
individual
home
owners,
but
in
the
future
we
can
also
sell
them
to
organizations
such
as
cooperatives,
nonprofits,
etc.
J
These
structures
may
already
exist
or
be
constructed
later,
so
we
do
buy
vacant
land.
We
also
buy
land
with
homes
already
on
them.
The
element
that
ties
these
two
things
together
is
a
99
year
ground
lease
that
ground
lease
is
renewable.
So
at
the
end
of
those
99
years
it
renews
for
another
99
years
and
so
on.
It's
inheritable.
So
if
our
homeowners
are
passing
want
to
pass
on
their
home
to
their
children,
that
is
possible
and
it's
also
mortgageable,
so
our
buyers
are
purchasing
the
homes
and
they
obtain
regular
mortgages
on
those
homes.
J
J
Those
members
do
vote
to
elect
our
board
every
year
and
the
other
interesting
factor
about
our
board
is
that
it's
broken
up
into
three
pieces,
so
the
first
third
is
our
leaseholder,
so
these
are
individuals
who
purchase
homes
from
us
or
rent
homes
from
us.
Another
third
are
community
residents,
so
these
are
individuals
who
live
in
the
community
that
we
serve
and
represent
those
communities
and
then
the
last
third
is
public
interest
representatives.
J
J
So,
as
you
can
see,
two-thirds
of
our
board
is
really
made
up
of
home
of
community
residents
that
represent
the
communities.
We
focus
on
and
finally
operation,
so
this
model
has
always
been
explicit
about
who
we
should
serve
and
we
continue
to
do
that
with
abclt,
and
that
is
really
people
who
have
been
historically
excluded
from
the
economic
and
political
mainstream.
So
those
individuals
and
households
who
may
not
have
had
opportunities
against
specifically
in
our
scenario
right
now,
to
purchase
homes
in
in
the
open,
real
estate
market.
J
So
next,
a
few
benefits
of
a
community
land
trust,
the
first
and
probably
most
important
ones.
In
this
conversation,
especially
following
up
on
what
barry
just
talked
about,
is
affordability.
So,
as
as
you
all
probably
know,
the
average
home
sales
prices
in
buncombe
county
are
hovering
around
500
000
right
now,
I've
got
528
here
that
number
for
22
20
22
right
now
is
a
little
bit
lower.
It's
500
from
what
I
saw
yesterday,
but
our
homes
are
typically
going
to
be
sold
between
125
and
225
000..
J
So
you
can
see
what
huge
difference
that
is
between
abclt
homes
and
homes.
On
the
traditional
real
estate
market,
there
is
a
range
and
the
specific
price
that
the
buyer
will
pay
will
depend
on
their
income
and
what
they
pre-qualify
for
and
again
I'll
talk
about
that
here
in
a
second
and
also
want
to
mention
that
our
buyers
do
and
can
receive
down
payment
assistance,
and
we
really
do
the
best
that
we
can
to
layer
any
and
all
down
payment
assistance
for
our
buyers.
J
The
next
benefit
is
community,
where
of
course,
a
community
land,
trust
and
so
a
couple
of
important
factors
here.
First,
all
of
our
homeowners
are
automatically
members
of
abclt,
and
so
they
have
those
voting
rights
to
elect
the
board.
Additional
voting
rights
of
our
members
are
to.
If
we
make
any
sort
of
changes
to
our
organizational
documents
such
as
our
bylaws,
we
have
to
approve
that
by
our
members
if
we
ever
want
to
sell
any
land
for
any
reason
that
has
to
go
through
a
membership
vote
before
we
can
do
that.
J
So
there
are
really
certain
things
that
we,
even
with
board.
Approval,
cannot
do
as
an
organization
without
taking
it
to
our
membership
and
getting
their
buy-in
and,
of
course,
permanent
affordability,
as
I've
already
mentioned,
allows
future
income
qualified
residents
to
purchase
homes
at
those
affordable
prices.
J
The
last
benefit
here
is
economic
stability.
Of
course,
our
buyers,
like
other
buyers,
have
consistent
monthly
mortgage
payments.
They
also
have
a
couple
of
other
benefits.
So
first
is
a
reduced
tax
burden.
Our
buyers
are
paying
taxes
only
on
the
property,
so
they
are
not
paying
taxes
on
the
land
and,
additionally,
there's
state
enabling
legislature
that
states
that
our
buyers,
our
homeowners,
are
paying
taxes
on
the
purchase
price
of
the
home.
J
Not
the
assessed
value
of
the
home
so,
for
example,
if
somebody
purchases
a
house
from
us
for
150
000
and
let's
say
it's
valued
at
200,
000
or
even
higher
they're,
only
paying
taxes
on
that
150
000
and
finally,
our
buyers
do
have
an
opportunity
to
build
wealth.
We
do
cap
their
equity
at
2.25
percent,
but
that
is
compounded
annually
and-
and
that
is
the
resale
formula
that
I
mentioned,
that
is
in
our
ground
lease,
and
this
is
what
we
use
to
calculate
the
price
to
the
next
buyer.
J
So
again,
my
example
of
somebody
purchasing
a
home
from
us
for
150
000.
If
they
stay
in
that
home
for
about
10
years,
they
will
then
accumulate
about
11,
000
in
equity
and
and
so
we
take
that
150
plus
that
11
and
that's
the
new
sales
price
to
the
next
buyer.
J
And
finally,
I
just
want
to
wrap
up
with
homeownership
basics.
Again,
I'm
going
to
go
through
this
pretty
briefly,
but
this
is
really
highlights
of
our
program
and
how
people
can
apply
and
how
people
are
eligible.
So
the
first
component
is
income.
I
think
most
of
you
are
familiar
with
this.
This
is
80
ami,
so
we
serve
households
below
these
numbers.
J
And
so
what
we
want
to
do
is
make
sure
that
when
we
send
our
buyer
to
the
the
bank,
they're
ready
for
that
pre-qualification,
so
businesses
not
are
not
necessarily
criteria
that
we
have
for
our
buyers.
But
we
know
that
the
banks
are
going
to
be
looking
at
these
things,
and
so
we
want
to
prepare
our
buyers
as
best
as
possible
for
when
they
go
to
the
bank
for
that
pre-qualification.
J
So,
of
course
we
look
at
income.
We
look
at
debt,
we
look
at
credit
and
then,
if
any
of
our
applicants
need
to
pull
their
credits
or
create
a
plan
for
improving
their
credit
score
or
even
pull
paying
down
their
debt,
we
work
with
on-track
financial
and
refer
our
applicants
to
their
program
to
work
through
those
items.
J
J
And
finally,
as
I
mentioned,
our
applicants
do
apply
for
down
payment
assistance
and
can
receive
that,
and
so,
if
they
do
get
any
dpa,
that's
not
counted
towards
a
twenty
thousand
dollar
max,
but
it
can
also
not
be
used
towards
the
500.
So
even
if
they
get
dpa,
they
still
have
to
bring
500
of
their
money
to
the
closing
table.
J
J
We
will
make
exceptions
here
if
somebody
has
to
move
out
temporarily
to
to
go
somewhere
to
take
care
of
a
family
member,
for
example.
That,
of
course,
is
an
exception,
but
we
really
want
to
make
sure
that
this
is
their
primary
home
and
they're,
not
subleasing
it
or
airbnb
it.
After
purchasing
it
from
us.
J
The
next
important
component
of
the
ground,
lease
is
our
fees,
so
it's
a
hundred
dollars
a
month
and
this
fee
is
included
in
the
affordability
calculations
that
we
work
with
the
bank
on,
so
that
hundred
dollars
is
broken
down
into
two
categories:
fifty
dollars
for
a
land
use
fee,
that's
really
an
admin
fee
that
stays
with
us
as
an
organization
and
the
other.
Fifty
dollars
goes
into
a
repair
and
reserve
fund
that
is
tied
to
the
house.
J
So
that's
not
a
fee
that
the
homeowner
gets
back,
but
that
is
a
fee
that
accumulates
in
this
repair
and
reserve
accounts
if
that
owner,
for
example,
needs
to
have
some
repair
to
replace
a
water
heater,
something
like
that
in
a
couple
of
years.
They
can
come
to
us
and
say
that
they
have
this
issue
with
the
house,
and
this
is
how
much
they
need
and
we
can
pull
funds
out
of
that
repair
and
reserve
account
to
go
towards
the
the
maintenance
and
the
repair
of
the
home.
J
And
finally,
we
also
have
what
we
call
capital
improvement
credit
so,
for
example,
in
our
policy,
if
somebody
adds
square
footage
such
as
an
extra
bedroom,
an
extra
bathroom,
we
have
a
really
specific
formula
for
how
we
calculate
that
capital
improvement,
credit
and
so,
at
the
end
of
if
an
owner
decides
to
sell
the
home
at
that
time,
we
will
give
them
a
portion
of
that
that
the
funds
that
they
put
into
improving
their
their
structure
and
that's
on
top
of
the
2.25,
that's
compounded
annually
and
finally,
a
little
bit
about
our
home
buyer
process.
J
This
is
a
kind
of
a
list
of
the
typical
process
that
our
buyers
go
through,
so
I'll
just
highlight
it
very
quickly.
First,
typically,
your
buyers
come
to
an
orientation.
J
J
We
refer
them
to
home
buyer
education
again,
that's
through
on
track
once
they
complete
that
we
refer
them
to
the
lender
for
pre-qualification
and
once
we
have
a
pre-qualification
letter
from
the
lender
is
when
we
really
sit
down
with
the
buyer,
to
look
at
the
homes
that
we
have
available
that
specifically
meet
their
price
range
and
and
their
desires
in
the
home.
Once
they
have
chosen
a
home,
we
sign
a
contract
to
buy
and
then,
of
course,
the
buyer
completes.
The
loan
application
selects
the
closing
attorney,
and
we
go
to
closing
so
with
that.
J
I
just
want
to
leave
you
all
with
a
couple
of
ways
to
get
involved.
We
are
again
a
membership
organization,
so,
if
you're,
not
a
member,
I
encourage
you
to
become
one
go
to
our
website
on
the
membership
tab,
something
else
that
we
really
need
as
an
organization
right
now
is
in
kind
or
reduced
fee
services,
we're
looking
for
appraisers,
surveyors
inspectors
and
actually
closing
attorneys
as
well.
A
Cool
thanks
anna
yeah
for
the
update.
Can
you
just
give
an
example
of
like
just
like
one
of
one
of
the
other
lots
you
bought
or
the
homeowners
that
you've
put
in
like?
Can
you
get
like
an
update
of
how
many
home
how
many
homes
people
are
in
and
some
of
your
barriers
that
you've
run
into.
J
Yeah
well,
barriers.
I
can
probably
talk
about
for
a
while.
So
I'll
start
with
the
other
part
of
your
question.
Currently
we
have
two
pre-qualified
buyers
who
are
slated
to
purchase
their
homes
in
the
next
two
months.
I
would
say
so.
We
don't
currently
have
any,
but
this
these
past
six
months
we
finally
solidified
a
partnership
with
a
financial
institution,
and
we
have
started
to
pre-qualify
buyers.
So
again
we
have
two
pre-qualified
and
several
others
working
to
get
pre-qualified,
so
those
are
going
to
be
sold
one.
J
As
far
as
challenges,
one
of
the
biggest
challenges
we
had
was
getting
a
financial
partner
on
board.
There
are
not
many
banks
who
work
with
community
land
trusts,
and
so
we
spent
a
lot
of
time.
Looking
for
that
partner,
we
have
a
long
list
of
interested
banks
and
they're
still
working
through
kind
of
their
internal
systems
to
make
sure
that
they
can
accommodate
the
ground
lease
component
of
our
model.
But
that
was
really
one
of
the
biggest
challenges
after
that,
most
recently,
the
challenges
that
we've
had,
of
course,
aside
from
prices.
J
As
you
all
know,
I
won't
get
into
that.
But
right
now
a
huge
challenge
is
interest
rates.
So
in
the
past
month,
interest
rates
have
gone
up,
one
percent
and
that
has
had
a
significant
impact
on
our
buyers,
and
so
if
we
want
to
still
sell
homes
to
our
buyers
at
the
prices
that
I
mentioned,
we're
going
to
have
to
find
more
grant
funding
to
be
able
to
do
that,
and
then
a
third
challenge
that
I'll
mention
is
a
lot
of
our
buyers
are
self-employed,
and
that
is
very
difficult
for
mortgage
financing.
J
So
those
are
just
some
of
the
challenges.
We
also
have
two
vacant
lots
that
we're
slated
to
receive
those
are
from
the
city
of
asheville
and
we
are
looking
to
have
five
homeowners
at
the
end
of
this
year.
We
also
just
finished
our
five
year
projections
and
we're
hoping
to
have
36
by
the
end
of
those
five
years.
C
H
How
the
how
the
cap
on
appreciation
works
and
just
a
little
bit
about
the
resale
formula
for
the
second
for
the
second
buyer.
That's
that's
the
place
that
I
always
sometimes
scratch
my
head
about
the
land
trust
model
and
that
sort
of
permanent
affordability
kind
of
down
the
road.
So
can
you
talk
just
a
little
bit
more
about
that
and
what's
been
the
response
to
the
buyers
that
you're
working
with
to
a
limited
equity,
homeownership
arrangement.
J
Yeah
so
I'll
answer
that
question
and
go
back
to
barry's
question
a
little
bit.
Another
challenge
we're
having
right
now
is
finding
closing
attorneys
that
are
able
to
and
and
have
the
time
really.
As
you
all
know,
everyone
is
so
busy
have
the
time
to
really
sit
with
our
ground
lease
and
understand
our
ground
leads
to
a
point
of
them
being
able
to
explain
that
ground
lease
to
our
buyers.
J
So
andy,
that's
something
that
we're
navigating
right
now,
of
course,
we
haven't
had
that
yet,
but
we're
we're
looking
to
train
a
handful
of
attorneys
so
that
they
then
in
turn,
can
explain
all
of
that
to
our
buyers.
We
really
want
to
have
an
outside
entity,
explain
all
the
ins
and
outs
of
our
ground
lease
to
our
buyers.
J
With
that
being
said,
really
the
the
biggest
component
is
that
resale
formula
and
that
2.25,
so
that's
compounded,
annually
and
again
kind
of
in
my
example,
just
really
rough
numbers
of
somebody
purchasing
a
home
from
us
for
150
000
at
the
end
of
10
years.
They
they
accumulate
about
10
to
11
000
in
in
that
equity
right
and
so
what
we
do
is
we
take
that
150?
J
That
is
what
we
call
the
base
purchase
price
and
add
that
2.25
of
equity,
and
that
is
the
sales
price,
so
that
is
what
the
current
owner
gets,
but
that
is
also
the
sales
price
to
the
next
buyer.
So
there's
no
difference
in
the
sales
price
of
the
buyer
and
the
seller
at
that
time.
So
really
the
way
that
our
model
is
structured
is
that
we
provide
a
one-time
upfront
investment
so
that
we
don't
have
to
continue
to
invest
in
the
future,
because
that
equity
is
capped.
H
How
does
that
affect?
How
does
that
affect
comparable
sales
when
you've
got
a
so
how
do
how
do
land
trust
properties
and
their
that
sort
of
cap
sales
price?
You
know
how,
if
I'm
pulling
comps
on
since
we're
kind
of
working
in
the
same
market,
you
know
if
I
pulled
comps
on
one
of
your
sales.
What's
that
going
to
do
to
values
surrounding
properties.
J
There's,
there's
a
lot
of
information
out
there
on
that,
but
unfortunately
not
a
lot
of
people
know
about
it
and
of
course,
with
us
being
so
new.
A
lot
of
people
will
have
that
same
question.
So
I'm
happy
to
say
that
here
today
and
ask
you
all
to
spread
the
word
about
that,
but
our
sales
will
not
be
included
in
comps.
For
that
exact
reason.
D
I
would
I
would
just
say
I
know
I'm
on
staff
and
not
on
your
committee,
but
I'm
I
serve
on
the
board
as
the
city's
rep
and
anna's.
I
feel
like
she's
underselling
herself
a
little
bit,
but
I
mean
because
the
clt
has
just
made
amazing
progress
in
the
last
few
years.
We've
got
a
really
well
functioning
board
and
we're
just
you
know
it's
even
though
the
market
feels
very
grim.
D
A
How
would
you
compare
like
what
what
your
land
trust
with
like?
Was
it
poder
emma
emma
poder
like
is
that
is
that
considered
a
community
land
trust,
or
is
it
structured
differently.
J
J
There
are
instances
where
cooperatives
can
work
with
community
land
trusts,
and
we
are
certainly
exploring
that
with
them,
where
we
would
own
the
land
and
then
they
would
own
everything
else.
The
cooperative
would
well
everything
else,
and
that
of
course
brings
down
affordability
as
well.
A
B
J
No,
these
were,
these
are
city-owned
lots,
and
so
we
have
not
acquired
those
from
the
city.
Yet
we
are
waiting
to
get
under
contract
on
those
lots
we'll
be
purchasing
each
of
those
for
a
dollar
for
a
dollar.
B
B
A
We've
been
talking
about
for
three
years,
and
is
that
does
that
look
like
it's
on
track
to
happen
now?
Anna,
I
know
that's
been.
We've
talked
about
the
delays
of
that
I'm
just
saying.
If
that
looks
like
it's
kind
of
clear
glass
hurdles,.
J
Yeah
so
we're
the
hernan's
really
not
around
the
land
itself.
The
hurdle
is
around
our
funding
from
home
in
cdbg.
We've
got
some
delays
in
going
to
contract.
On
that
we're,
I
believe,
waiting
on
a
response
from
hud
at
this
time
and
so
because
we're
using
our
home
and
cdbg
fund
just
to
build
on
those
lots.
We
can't
get
under
contract
on
those
lots
until
we
have
some
answers
from
hud.
A
J
Well,
the
city
is
in
communication
with
hud
about
the
home
and
cdbg
award,
so
it
is
about
the
award,
but
it
it's
it's
in
the
hands
of
government
right
now
to
to
iron.
All
of
that
out
got
it.
A
What's
like
so
once
you,
you
know,
we've
we've
talked
offline
about
this,
but
what
is
your
so
once
you
have
land?
Let's
say
you
assume
yeah
I
mean
I
think
you
have
a
couple
of
vacant
lots
and
you're
getting
from
the
city-owned
land.
What's
your
would
you
have?
How
are
you
going
to
navigate
the
building
costs
the
way
they
are.
J
You
know
we,
we
know
the
costs
are
high
and
we're
already
doing
the
the
front
end
work
to
speak
with
funders
about
that
and
gain
additional
funding,
because
we
know
just
to
your
point
earlier.
In
the
conversation
our
max
budget
used
to
be
275,
and
we've
just
had
to
increase
that
too.
So
so
we're
having
to
adapt
and
pivot
and
find
other
funding
to
fill
that
void.
A
What
are
one
of
the
things
we've
brought
up
in
our
committee
the
past
couple
months
and
looking
at
kind
of
what's
what
has
been
able
to
close
successfully
as
affordable
housing
in
buncombe
that
hasn't
been
in
asheville
is
mobile
homes
that
you
know
it's
not
allowed
in
the
city.
We've
we've
started
some
conversation
about
whether
that
should
be
relaxed
or
whether
it
should
be
relaxed
specifically
just
for
affordable
housing
standards
like
what's
your
what's
your
take
on
that.
Is
that
something
that
you
would
that
works
with
your
model?
J
Yeah,
so
that
would
work
with
our
model
again
right
now,
that's
primarily
in
the
county,
and
we
don't
have
funding
in
the
county.
But
we've
we've
had
some
applicants
who
would
have
bought
a
mobile
home
or
manufactured
home
from
us.
Had
we
been
able
to
go
in
the
county
and
work
with
them,
so
we're
certainly.
K
J
To
that
I'll
also
say
that
we
right
now
have
the
house
that
we
have
under
contract
is
actually
a
modular
home
within
the
city
limits
and
we're
purchasing
that,
because
we
had
an
applicant
who
was
interested
in
that
home
specifically
and
fell
in
love
with
it,
and
so
we
went
ahead
and
packaged
that
deal
and
got
it
under
contract.
For
that
specific
buyer
got
it.
A
Cool
yeah
thanks
much
is
there
any
any
other
questions
for
any
other
committee
members
any
other
thoughts,
any
anyone
know
of
any
closing
attorneys,
I'm
gonna,
I'm
definitely
gonna
plug
on
plug
on.
You
know
who
I
use.
We
you
know
we
close
in
volume,
so
I'm
gonna
when
I
sit
down
with
them,
I'm
gonna,
you
know
because
most
attorneys
do.
You
know
obviously
do
pro
bono
work
as
part
of
their
missions.
Is
this
illegal?
Do
they
do
like?
Have
you
spoke
to
them?
J
So
they
don't
actually
do
closings
they're,
the
ones
that
drafted
the
ground
lease
for
us
and
continue
to
support
us
on
a
pro
bono
basis,
but
they
don't
do
closing,
so
they
will
be
training
the
attorneys
on
the
ground
lease
and-
and
we
are
hoping
to
do
one
of
those
trainings
this
month.
J
A
J
Yeah
well
again,
just
advocacy
is
going
to
be
really
important
for
us
this
year
to
to
sasha's
point,
and
I
think
this
is
something
that
nikki
and
sasha
both
brought
up
in
the
last
a
hack
meeting
is
that
it
really
took
us
a
long
time
to
get
to
this
point
and-
and
I
feel
like
we
finally
arrived,
but
it
took
a
long
time
to
build
the
foundation
for
the
organization
to
you
know
start
everything
from
scratch:
make
sure
that
we
have
the
information
to
educate
the
community
about
this
model
and
are
ready
to
sell
homes.
J
So
so
it
really
took
a
long
time,
but
one
of
the
most
important
things
is
to
continue
to
spread
the
word
about
our
model
and
encourage
people
to
learn
more
about
it
and
apply
the
other
big
thing
and-
and
this
is
huge-
is
of
course
funding.
So
I
always
give
the
example
of
comparing
us
to
the
houston
community,
land
trust,
and
I
know
houston's
totally
different
and
much
bigger
and
a
completely
different
market.
But
just
the
timing
of
how
things
worked
out
between
us
and
houston.
J
We
were
both
formed
around
the
same
time
and
they
have
received
over
50
million
dollars
from
their
government
there,
and
they
now
have,
I
think,
probably
over
30
homeowners
at
this
point,
so
you
can
just
kind
of
compare
what
that
kind
of
funding
can
do
to
accelerate
home
ownership.
So
for
us,
if
we
had
that
additional
funding,
it's
not
a
matter
of
if
we
would
be
able
to
put
people
into
homes,
but
when
because
we
would
have
that
additional
capacity
to
do
so.
J
A
Cool
well
yeah.
Thank
you.
Thank
you.
So
much
for
the
update
and
yeah
we've.
You
know
obviously
followed
you.
You
know,
follow
the
group
since
it
start
and
want
to
help
support.
However,
we
can
certainly
you
know,
appreciate
the
mission
and
know
how
much
time
it
takes
to
organize
something
like
this
to
get
it
off
the
ground.
So
now
that
you're
to
the
you
know
to
getting
some
folks
in
the
homes
you
know,
hopefully
that
will
accelerate
and
get
more
attention
and
we
can
help.
A
You
know,
spread
the
word
and
even
you
know
as
you
as
you
have
closings,
let
us
know
so
we
can
definitely
kind
of
put
put
those
out
there
because
it,
I
think
it's
like
a
it's
a
momentum
thing,
the
more
you
know
the
more
you
happen.
The
more
you'll
get
attention,
the
more
the
funding
it's
so
yeah,
but
yeah
thanks.
Thanks
for
what
you
do.
J
J
A
A
All
right
next
step,
so
we've
got
our
unfinished
business
and
one
of
our
in
our
last
meeting
one
of
our
action
items
was
we
moved
that
the
city
of
asheville
cdbg
manual
be
amended
to
be
cons.
I
guess
consistent
supposed
to
be
with
the
cbdg
program,
guys
by
hud
and
remove
the
requirement
that
manufactured
housing
beyond
permanent
foundation
in
order
to
be
eligible
for
cdbg-funded,
home
rehabilitation.
A
We
passed
that
and
I
guess
I'm
curious
what
maybe
nikki
or
something
from
cd
staff
or
or
councilman
mosley.
What
happens
to
that
next,
so
we
made
a
motion.
We
feel
very
strongly
about
that.
What
what
is
the
process
for
looking
into
how
that
wording
gets
changed
so
so
we
know
that
when
we're
doing
things,
what
what
happens
to
them
next,
any
so
what's
what's
happened
with
that
over
the
past
month,.
K
So
I
think,
in
terms
of
looking
at
that
recommendation,
one
of
the
things
that
we
have
to
do
there's
jonathan
thanks
for
coming
on,
is,
of
course
this
is
hud
funding,
as
you
just
heard
from
from
anna,
you
know,
there's
very
explicit
framework
that
we
work
from
within
the
guise
of
hud,
so
this
this
will
need
to
be
reviewed
in
terms
of
compliance
with
hud
and
so
forth.
So
maybe
I'll
just
stop
and
let
jonathan
take
over.
K
But
that
will
take
some
time
and
then
I
believe,
the
appropriate
next
step.
It
would
be
for
staff
to
come
back
with
a
recommendation
on
that,
but
we'll
need
to
address
the
timing
on
that.
I
think
it
is
important
to
keep
in
mind
that
our
next
we
just
concluded
the
cycle
of
cdbg
funding,
so
the
applications
were
voted
on
at
hcd
and
then
now
we're
working
on
updating
the
draft
annual
action
plan.
So
there
is
some
time
between
when
the
next
application
cycle
would
open
at
the
end
of
the
calendar
year.
K
A
No,
I
think
you,
I
think
you
covered
it
well,
I
think
the
next
steps
would
be
for
staff
to
go
back
and
evaluate
what
those
changes
would
look
like.
I
don't
think
there
was
a
whole
lot
of
discussion
at
the
last
meeting.
It
was
you
know
it
was
recommended,
but
now
now
it's
really
it's
time
for
staff
to
dig
in
and
look
at
what
they're
changing
what
the
next
steps
on
those
changes
would
look
like
before
we
can
start
making
that
happen.
A
A
What
you
want
to
just
share
a
little
about
andy
and
that
way
also
when
we
now,
you
know
sometimes
what
we
have
to
do,
what
we've
learned
is
once
we
come
with
these
things:
yeah
we
we
have
to
lobby
our
on
our
own
outside
with
you
know,
council,
members
or
whoever
to
make
to
move
things
along.
So
I
guess
I'm
just
curious
a
little
bit
about
the
background
of
this.
You
know
andy,
so
what
what
we
should
be
doing
to
help
out
or
should
we
just
let
it
go
through
staff
review
process.
H
I
think
I'm
gonna,
I
think
I'm
gonna
agree
with
jonathan
and
nikki
and
say
this
is
something
staff
needs
to
dig
into.
I
mean
when
I
brought
this
forward.
I
did
a
little
bit
of
background
research
to
make
sure
that
it
was
something
that
appeared
to
be
allowed
by
by
hud
under
the
cdbg
program
and
certainly
found
other
cases.
H
You
know
sort
of
relevant
cases
in
other
communities
where
cdbg
was
using
was
being
used
in
this
way,
and
it
appears
that
the
document
that
this
language
is
including
it
included
in
is
amendable
at
the
staff
level,
but
I'm
not
in
it
every
day
like
they
are,
and
I
am
willing
to
acknowledge
the
limits
of
my
understanding
of
the
complexity
of
the
cdbg
program
and
what
staff
need
to
do
to
navigate
this
so
happy
to
happy
to
have
it
on
the
radar
folks
again
and
willing
to
wait
until
we
know
that
we're
in
in
good
shape
to
move
forward
on
it.
H
But
I
think
it's
it's
worth
noting.
You
know
we
had
both
of
our
you
know
or
two
of
the
organizations
that
typically
get
cdbg
funding
for
repair
programs
were
not
eligible
in
this
round,
due
to
kind
of
delays
in
expending
funds,
and
so
things
like
this,
where
we
can
lift
the
lift
some
of
the
barriers
to
you
know
to
bring
applicants
through
the
process
right.
This
is
a
time
when
we
need
to
make
things
less
restrictive,
not
more
restrictive,
so
that
we
can.
You
know
we
can
get
funds
expended.
H
We
can
get
the
work
done
in
our
community.
That
needs
to
be
done
to
preserve
the
affordable
housing
that
we
have,
because
it
is
such
a
it's
such
a
limited
thing,
so.
A
That
would
be
great
for
staff
to
take
a
look
at
because
we're
we're
always
happy
to
make
borrow
and
steal
for
other
communities,
they're
making
good
use
of
funds,
and
if
and
as
well
as
the
context,
if
there
are,
if
there's,
if
you're
receiving
as
one
of
the
agencies
doing
home
repairs
in
the
communities
an
increased
request
for
repairs
on
mobile
home
units
that
are
not
on
foundations
that
that's
good
context
for
us
to
take
a
look
at,
especially
if
it's
a
barrier
to
being
able
to
spend
fun.
A
So
I
mean
that's,
that's
something
we
are
keenly
aware
of.
As
hud
is
beginning
to
to
look
at
our
ability
to
use
use
those.
A
We'll
plug
in
mountain
housing
on
that
too,
because
I
think
they're,
the
other
ones
who
who
do
administer
the
program.
I
talked
with
mike
fans
offline
about
it
a
little
bit,
so
maybe
that
we
have
we
can
try
to
at
least
get
because
that
would
I
see
how
that
would
be
helpful
for
you
to
know
the
requests
of
how
much
there
is.
That
doesn't
happen
because
of
that,
so
we'll
follow
up
with
some
of
that
offline
thanks.
Thank
you
any
other
questions
from
any
other
community
members
or
thoughts
on
that.
A
Let's
get
next
up
our
task
forces
connect,
did
not
meet
last
month
and
build.
We
had
a
different
kind
of
meeting
last
month,
but
we're
we're
basically
starting
to
corral
some
of
our
just
discussions
and
and
kind
of
organize
our
thoughts
into
some
written
documents,
and
I
believe
our
next
meeting
is,
I
think
it's
next
tuesday
and
margie
are
we.
Having
did
you
line
margie
was
asked
about
having
someone
on
the
agenda
and
who
were.
B
I
was
trying
to
get
george
morrissani
and
lisa
because
they,
both
george,
has
owned.
Many
many,
you
know
trip,
parks,
trailer
parks
and
you
know
manufactured
home
parks.
He
has
recently
sold
them,
but
they
have
a
lot
of
knowledge
on
the
ins
and
outs
and
the
barriers
and
things
that
they
have
faced
and
things
that
might
be
of.
You
know
certain
guidance
to
us,
and
so
I'm
trying
to
get
them
to
come,
and
I
should
know
something
the
next
day
or
so
for
next
week.
A
Yeah,
that
was
one
of
the
committee
members,
knew
that
yeah
he
recently
sold-
and
that
was
I
remember
back
last
year-
was
a
pretty
big
discussion.
It
was
the
conversation
was
starting
and
then
I
know
paul
d'angelo
was
had
kind
of
asked
about
possibly
getting
like
a
first
right
or
some
kind
of
you
know.
A
So
I
know
there
was
some
discussion
happening
last
year
about
that,
but
obviously
that
you
know
didn't
didn't,
move
along
and
I'm
sure
it
was
the
sale
of
that
was
beyond
any
kind
of
city
city
funding.
We
have
to
do,
but
you
know
just
just
to
be
aware.
That's
also
a
you
know
that
is
definitely
existing,
affordable
housing
stock
that
you
know
with
past
a
new
owner.
We're
just
gonna,
have
to
keep
our
eyes
on
what
happens
with
that?
You
know
so
it
doesn't
become
non-um
non-housing
stock,
but.
A
Yeah
yeah
as
a
realtor,
you
would
not
believe
how
many
emails
I
get
like
a
buyer,
like
of
brokers
who
are
looking,
who
have
buyers
from
out
of
town
looking
to
buy
up
manufactured
home
parks,
part
because
it's
easy.
It's
one
of
the
easiest
conversions
to
for
upgrade
it's
one
of
the
easiest,
conversions
for
replacing
mobiles
with
houses,
because
it's
basically
basically
it's
a
pre-done
subdivision.
A
A
Okay,
next
up
are
the
open
space
amendment
I
saw
vadilla
popped
on
and
then
we
had
some
staff,
some
of
our
committee
members
who
were
on
that
any.
Is
it
what's
the
next
step?
I
know
there
was
a
council
info
session.
What's
what's
happening
next,
I
keep
seeing
you
know
some
environmental
lobby
letters
showing
up
any
up.
Do
we
have
any
updates
on
that
vidilla?
Do
you
want
to?
I
think,
that's
right.
C
C
A
Thanks
yeah
todd
had
used
the
presentation.
I
was
at
last
night.
The
leadership
asheville
toddler
clutchini
was
speaking
there
and
he
used
a
pretty
good
example
of
the,
I
think,
was
one
up
on
kind
of
chess.
I
think
it
was
a
test
nut.
It
was
this
example
of
like
an
existing
multi,
existing
multi-family
structure
with
small
apartments
and
what
it
would
like
what
the
current
standards
make
would
would
make
it
be
and
what
the
new
standards
and
it
you
know
pretty
much
shows
that
it's
you
can't
do
it.
A
C
I
Yeah,
along
those
same
lines
vadilla
there
seems
to
be
kind
of
some
confusion
out
in
the
public.
Do
you
feel
like
the
work
session
and
the
interaction
with
staff
and
council
that
that
council
has
a
good
grip
as
to
the
ins
and
outs
of
this,
or
is
there
kind
of
similar
confusion
from
misinformation?
That's
out
there
in
the
public.
C
I
haven't
spoken
with
all
of
the
council
members
directly,
my
sense
from
the
ones
I
have
spoken
with
that
there
is
more
understanding
and
I
think
at
ped,
we'll
get
a
more
a
better
sense
if,
if
this
is
kind
of
gonna
be
able
to
move
through
smoothly
or
if
there
are
still
more
concerns
that
somehow
need
to
be
addressed.
C
I
No,
I
mean
I
I
just
I
see
a
lot
of
information
online
that
you
know
some,
it's
it
just
it
doesn't
seem
consistent
and-
and
so
I
was
just
wondering
if
there
was
if
there
was
confusion
there,
so
people
I've
heard
speak
about
it-
have
have
had
questions
and
concerns.
I
So
I
do
my
best
to
say:
vadilla's
got
the
city's
got
a
really
good
website
setup
that
kind
of
walks
you
through
this
and
and
encourage
people
to
to
look
at
that,
because
I
feel
like
the
facts
and
the
information
that
that
the
city's
got
presented,
speak
well,
and
so
I've
encouraged
folks
to
to
use
that.
I
A
C
A
Thank
you
all
right
moving
along,
so
you
know
we
have
this
kind
of
list
of
stuff
on
our
unfinished
business
of
kind
of
housing,
challenges
and
code
which
we're
kind
of
exploring
on
our
task
forces,
and
we
discuss
a
lot.
We
also
passed.
You
know
our
last
meeting.
One
of
our
action
items
also
is
recommending
adopting
or
adapting
existing
incentive
programs
to
promote
smaller
scale
development
or
rehab.
A
Again,
you
know,
I
think,
there's
and
I
think
this
will
tie
into
kind
of
one
of
our
next
agenda
items
is.
I
think
I
think
a
lot
of
us
are
still
unclear
when
we
make
now
our
action
motions,
we
make
any
motions,
what
happens
to
them
next,
so
I
think,
maybe,
as
we
we
move
on
to
our
proposed
discussion
with
htc,
maybe
we
can
get
some
clarity
on
that,
but
you
know
definitely
some
of
the
things.
I
think
we
continue
to
work
on
everything
in
in
task
force
and
we
discuss
a
lot.
A
Is
the
the
challenges
for
construction?
The
you
know
the
challenges
for
creating
more
affordable
housing.
You
know
this
idea
of
scaled
housing
rebates.
You
know
that
how
there's
no
there's?
No
there's
no
way
to
you
know.
A
I
always
use
the
term
date
before
you
get
married
to
for
someone
to
put
housing
stock
on
for
for
voucher
or
as
affordable,
but
I
I
think
what
I'm
hoping
is,
as
we
maybe
bring
some
of
these
things
to
our
discussion
with
hcd
about
these
ideas
like
how
they
is
first
of
all,
I
guess
is
we
we
want.
Is
this
something
they
really
want
us
that
they're
interested
in,
because
we
don't
want
to
spend
our
wheels
doing.
A
You
know
talking
about
all
the
stuff
if
it,
if
it
doesn't
really
do
any,
it
doesn't
kind
of
move
up,
and
so
there's
those
and
then
I
guess
I'll
just
ask
I
mean
my
understanding
on
down
payment
assistance.
There's
no
there's
no
are
there's
nothing
really
in
discussion.
Right
now.
Is
that
right,
just
nikki,
there's
no
there's
no
like
there
was
talk
about
an
rfb
being
put
out
after
the
original
one
that
never
really
came
to
be.
There's
really
no
active
discussion
about
down
payment
assistance
right
now.
K
So
we
discussed
it
as
part
of
the
bond
presentation
at
hcd
and
and
and
and
so
and
we
have
that
on
this
agenda.
So
I'm
happy
to
discuss
it
at
that
time,
but
so,
but
bottom
line
as
we
learned
with
just
like
what
anna
said,
you
know
to
set
up
a
program
takes
time
and
because
this
was
a
bond
directive
and
with
the
bond
ending
at
the
fall
of
next
year.
K
My
recommendation
is
that
there
is
not
time
to
really
establish
and
formulate
and
deliver
on
a
policy
for
down
payment
assistance
in
this
current
cycle.
So
with
that
being
the
case,
they're
we're
not
pursuing
an
active
discussion
because
of
that.
A
Okay,
can
I
ask
I
guess
on
that
I
mean
I
guess
we
will
discuss
it,
a
little
bit
the
bond
presentation,
but
my
specifically
on
down
payment
assistance,
since
it
was
an
earmarked
item
from
the
bond,
and
so
if
the
city
doesn't
create
a
program,
but
if
the
money
is
earmarked.
A
A
K
I
think
when
we
shared
the
bond
presentation
with
hcd,
I
mean
and
staff
will
be
coming
to
hcd
with
a
recommendation
in
the
summer.
But
again
we
were
basing
the
principles
off
of
what
has
been
effective
in
those
bond
expenditures
and
recognizing
that
and
again
you'll
see
in
the
bond
presentation
that
some
of
our
key
takeaways
is
that
the
housing
trust
fund
has
been
actually
the
the
best
and
most
efficient
use
of
those
funds.
Most
efficient
return
on
investment
et
cetera.
K
So
I
you
know
that
right
now
is
our
kind
of
draft
proposal
for
the
remaining
use
of
bond
funds.
So
when
we
talk
about
the
the
the
funds
being
earmarked
that
doesn't
preclude
the
ability
to
reassign
those
funds
in
a
different
direction,
so
again
in
our
thinking
of
trying
to
really
protect
the
overall
investment
of
those
bond
dollars.
Having
that
directed
towards
housing
trust
fund
is
our
recommendation.
Our
draft
recommendation
that
we're
working
towards
right
now.
K
I
would
not
encourage
it
because
it's
just
been
such
a
dif.
I
think
the
policy
discussion
around
down
payment
assistance
has
been
has,
you
know,
had
a
had
a
history
here,
and
the
committee
probably
knows
knows
about
it
as
much
as
I
do
so.
I
think
again
like
wanting
to
really
ensure
that
those
bond
funds
are
spent
directing
those
towards
housing.
Trust
funds
seems
like
the
most
appropriate
use
of
those
funds.
A
Okay,
yeah,
I
just
I
just
look
at
some
of
these
things-
that
it's
that's,
how
that's
how
the
housing
trust
fund
is
more
successful.
It's
like
it's
individual
proposals
that
are
put
for
it,
and
sometimes
you
know,
I
think,
about
the
success
other
down
payment
programs
have
had
and
how
hard
of
a
time
we've
had
and
part
of
it
is.
A
K
Well,
I
think
the
bottom
line
with
the
housing
trust
fund
is
the
fact
that
there's
existing
policy
framework
and
so
there's
just
an
existing
frame
all
around
for
that
program,
including
the
the
definition
of
the
of
the
requests,
the
the
the
terms
of
the
loan,
the
desired
outcomes
with
those
investments
like
that
policy
framework
is
already
established,
which
is
why
that
seems
like
such
a
a
good
fit.
B
I
think,
like
three
years
ago,
we
used
winston-salem
had
a.
I
think
that
was
who
we
benchmarked
against
when
we
were
three
you
know
really
into
it.
Three,
I
think
was
about
three
years
ago
that
we
were
really
trying
to
get
that
that
program,
because
they
have
a
very
successful
housing
down
payment
assist
program.
I'm
pretty
sure
salem
that
we
were
looking
at.
K
B
K
Yeah
I
mean
we
can
certainly
that's.
The
thing
is,
I
think,
where
I'm
looking
at
this
is
kind
of
where
we
are
with
the
bond
in
total.
I
think
I
definitely
think
the
down
payment
assistance
is
a
needed
part
of
of
the
toolkit,
but
I'm
just
thinking
the
policy
development
around
actually
developing
the
policy
that
works
for
for
asheville
just
may
take
longer
than
the
bond.
K
So
I
really
do
think
that
there's
still
a
sense
of
commitment
towards
down
payment
assistance,
but
I
just
my
sense
is
that
that
policy
development
is
just
going
to
take
more
time
than
what
we've
got
on
the
remainder
of
the
bond,
but
I
do
still
agree
that
it's
a
it's
a
very
valuable
approach
that
should
be,
and
it
should
be
something
that
we
put
on
our
in
our
toolkit.
A
Do
here
yeah,
I
do
you
know
I
guess
as
a
how,
as
a
affordable,
housing
advisory
policy
is
committee
that
supposed
to
guide
on
policy.
It
does
seem
like
the
discussion
before
staff
recommendation
of
adjusting
the
language
of
something
that
was
earmarked
for
something
should
come
and
be
a
discussion
on
our
agenda
before
even
staff
recommendations.
Before
going
htt,
I
mean
that's,
it
seems
like
that's
exactly
what
is
supposed
to
be
in
our
wheelhouse,
so.
A
K
And
is
there
okay?
Maybe
maybe
we
can?
You
know,
I
know,
there's
sub-committees
of
this
group
that
that
are
kind
of
function
as
as
kind
of
the
working
groups.
So
perhaps
we
should
follow
up
on
that
to
understand,
if
that's,
if
there's
a
working
group
that
might
want
to
tackle
that,
I'm
just
not.
C
K
What
what
kind
of
resources
that
you
all
may
have
to
bear,
or
how
that
could,
could
function,
certainly
willing
to
entertain
that
you
know.
A
H
I'm
going
to
jump
in
and
with
the
changes
that
were
made
to
the
housing
trust
fund
policy
to
make
home
ownership
eligible
through
housing,
trust
fund
and
eligible
use
through
housing
trust
fund.
I
believe
that
down
payment
assistance
is
an
eligible
use
for
home
ownership
projects
developed
through
housing,
trust
funds.
So,
honestly,
I
don't
know
that
I
mean,
I
think,
just
thinking
kind
of
pragmatically
about
the
remaining
time
on
the
bond
cycle.
H
Reallocating
those
funds
through
housing
trust
fund
doesn't
prohibit
them
from
being
used
as
a
down
payment
assistance
tool
to
an
agency
like
ours
or
like
hones
or
or
mountain
housing
or
others
who
are
doing
affordable
home
ownership,
development
or
down
payment
assistance
or
who
want
to
manage
down
payment
assistance
program.
H
So
I
I
think
that
I
mean
it's
probably
worth
us
thinking
again
at
the
policy
level
and
given
our
mandate
as
a
committee,
should
the
city
have
a
down
payment
assistance
program,
irrespective
of
the
bond
funds,
but
I
think,
for
you
know,
to
be
expeditious
with
the
allocation
of
the
bond
funds.
I
don't
think
putting
I
think
reallocating
that
into
housing.
Trust
fund
leaves
the
door
open
for
that
money
to
flow
through
a
down
payment
assistance
use,
without
also
you
know,
without
tying
its
hands
to
be
used
for
something
else.
F
A
Okay,
next
up,
I
think,
well,
I
think,
there's
a
list
about
housing,
trust
fund
and
few
rebate
penalties.
So
we've
been
we've
kind
of
tied
that,
in
with
the
idea
of
maybe
there
is
a
built-in
scale
rebate,
but
I
think
the
link
is
there.
A
I
think
that
maybe
some
it
would
be
good,
maybe
maybe
I'll
just
do
it
sometimes
is
actually
run
a
scenario
you
know
like
I
see
the
policies
are
there,
but
maybe
if
we
actually
might
actually
just
put
some
scenarios
together
what
it
actually
looks
like
if
this
project
only
stayed
in
for
10
years.
What
exactly
that
looks
like
what
the
what
the
what
the
penalty
for
that
is.
So
I
don't
think
that's
ever
been
that
hasn't
been
done,
that
we
know
of.
A
Did
not
like
left
the
program,
like
example,
if
someone
said
that
they
would
do
it
for
20
30
years
and
then
they
only
stayed
on
for
five
years
and
then
there's
a
the
the
there's
some
you
know
there.
I
haven't
done
an
open
in
front
of
me,
but
there's
some
penalties
about
how
that
works.
If
they
leave
the
program
before
the
full
intent,
that's
what
I'm
just
thinking
of
the
kind
of
discussion
is:
is
there
kind
of
some
scaled
rebate
already
built
into
the
penalty
structure?
That
was
always
the
question.
K
A
Okay,
okay,
so
we'll
move
on
next
next
up
kind
of
what
I
want
to
discuss
in
line
with
you
know
some
of
the
frustrations
we've
spoken
about
over
the
past
two
years
is
so
I
was
able
to
tentatively
get
a
slot
that
might
be
set
aside
for
us
of
20
minutes
on
the
upcoming
hcd
agenda
april
27th.
A
So
the
question
I
think
is
like
that's
not
a
lot
of
time
and
it's
not
exactly
discussed
as
a
joint
meeting,
because
they're
still
doing
some
catch-up
from
the
cdbg
this
past
month.
Do
how
do
we?
How
do
we
think
the
best
way
to
tackle
that
is?
To
I
mean
we,
we
know
it's
it's
it's!
A
It
feels
like
it's
not
a
lot
of
time
to
kind
of
get
our
clear
direction,
but
I
I
guess
I
just
want
to
hear
from
each
of
you
what
how
you
think
we
should
we
should
use
if
we
have
20
minutes
to
30
minutes
of
time.
What
would
be
the
best
way
to
get
some
direction,
so
we
feel
like
we
have
the
right
direction.
A
H
D
F
A
I
just
got
some
some
chatter
coming
at
me
over
my
text
that
pretty
much
says
not
soon,
so
I
guess
that
I'm
assuming
this
is
pretty
far
off
like
I.
I
don't
think
we
need
to
think
about
it
in
the
radar,
at
least
for
for
this
moment,
for
what
we
need
to
do
for
our
direction
and
and-
and
I
think
the
you
know
for
the
you
know-
for
at
least
for
us.
You
know
you
know
we
have
this.
You
know
again.
A
A
lot
of
this
is
just
from
this
zoom,
the
zoom
world,
that
you
know
we
it's
hard
enough
for
just
our
committee
to
communicate
and
then
with
staff
to
communicate
and
then
to
communicate
up
the
chain.
It's
really
it's
really
complicated,
but
so
how?
How
do
we
make
the
best
use
of
this
agenda
time
we're
going
to
get
of
how
we
get
either?
What
that,
what
their
intent
is,
so
how
we
can
stay
on
track
or
or
how
do
we
know
when?
A
G
Yeah
I
mean
to
me:
you
know
we
just
we
need
to
spend
the
time
asking
them
a
series
of
questions
so
that,
for
example,
you
just
mentioned
there
was
a
policy
thing
that
was
done.
Should
that
go
through
us
first
showing
telling
them
the
work
that
we're
doing
do
they
want
those
activities
to
continue.
So
it's
got
to
be
a
question
of
scope
of
responsibilities
that
are
being
delegated
from
hcd
to
this
committee
and
then
what
reporting
structure
that
do
they
want
back
because,
right
now
there
is
none
right.
G
B
B
We
felt
like
we
have
a
lot
of
expertise
in
on
the
committee
and
perhaps
could
you
know,
have
some
kind
of
give
some
kind
of
guidance
as
we
look
at
some
of
these
projects
as
to
whether
or
not
they
go
forward,
because
we
have
civil
engineers,
we
have
construction
people,
we
have
finance
people
real
estate,
people
that
are
on
there
that
live
and
breathe
these
projects
every
day.
B
A
So
sounds
like
I
mean
the
I
the
scope,
I
mean
kind
of
what
you're
saying
brian.
I
do
agree
with
kind
of
scope
responsibilities,
maybe
what
deliverables
they're
looking
for
in
that
way.
We
have
some
like
it's
almost
like
I'd
like
to
it's
almost
like.
A
A
I
mean
I
probably
could
ask
I
mean
in
in
the
in
the
older.
You
know.
In
the
old
days
I
mean
I
probably
used
to
go
to
every
hdd
meeting
and
I
could
speak
at
every
single
one
if
I
wanted
and
have
like
an
update
from
a
hack
on
it
and
that's
something
we
probably
can
ask
for.
A
I
probably
I
mean
I
honestly
probably
don't
have
the
time
for
that,
but
if,
if
that
is
something
that
one
of
the
committee
members
wants
to
consider
taking
on,
we
definitely
can
bring
that
up
as
like
some
a
liaison
who
gives
a
report
and
gets
you
know
kind
of
transfers,
the
information
that
might
help
open
up
like
a
permanent
level
of
communication
rather
than
just
a
you
know,
a
first
meeting
in
two
years,
we've
been
you
know,
we've
been
kicking
and
screaming
for
is
anyone
I
mean.
Does
anyone
think
that
approach
might.
G
I
think
that's
an
excellent
idea,
and
then
you
know,
I
think,
not
necessarily
have
to
fall
to
any
one
of
us
individually.
We
can
have
different
members
of
the
committee.
You
know
who's
got
time
that
month
go
to
hcd,
but
I
think
you're
right.
If
we
don't
keep
the
lines
of
communication
open
all
of
the
time
and
be
forcing
information
up
to
hcd
we're
just
going
to
be
always
relegated
to
kind
of
a
stepchild
committee.
G
A
Maybe
like
the
thing
we
push
for
the
most
is
you
know
we'll
we'll
ask
you
know
we
kind
of
go
over
and
maybe
it
would
help
ahead
since
you
know
we're
talking
april
27th,
if
you
know
maybe
one
of
the
maybe
can
can
connect
meet,
can
you
guys
meet
before
then
and
maybe
put
together
a
kind
of
help
put
together
the
list
of
some
of
these
questions
that
way
we
we
have
this
together,
because
we,
you
know,
we
obviously
don't
have
time
this
meeting
to
kind
of
do
that.
A
But
you
know
the
connect
to
help
us
better
connect
with
hcd.
Might
that
might
be
a
good
focus
for
your
month?
If
you
think,
if
you
guys
can
swing
that
before
then.
H
Looking
this,
I
was
looking
at
at
the
calendar
to
see
at
that
connect
meeting
on
the
schedule
and
right
now
we
have
that
on
the
calendar
for
friday,
the
15th
of
april,
so
I
would
feel
comfortable
doing
that
barry.
If,
if.
H
A
Yeah,
I
should
yeah
send
me
the
yeah
I'll
try
to
do
that.
Okay
and
then
we
can.
We
can
discuss
it.
We
have
build
next
week
too.
We
can
discuss
a
little
bit
about
that,
but
I
think
that
will
that
will
really
help
help
us.
You
know
kind
of
get
some
questions
together
in
our
time
and
then
kind
of
look
for
kind
of
a
permanent
connect
connection,
nikki.
K
I
just
wanted
to
point
out
to
and
share
that
in
the
council
retreat
that
occurred
a
couple
weeks
back
that
one
of
the
you
know,
six
strategic
priorities
were
identified
by
council
members,
one
of
which
being
equitable
and
affordable
housing
and
stability.
K
So
I'm
I'm
certainly
wanting
to
hear
more
about
what
what
that
means,
above
and
beyond
kind
of
our
current
slate
of
tools.
So
I
I
would
hope
that
there
is
that
kind
of
conversation
that
that
could
occur
too
between
this
committee
and
nhcd
on
the
parameters
around
that
goal
and
and
again
like
how
does
it
compare
with
what
we're
doing
now
and
what
really
the
intent
of
that
being
a
strategic
priority
is
for
the
city
from
that
council
perspective.
K
So
I
would
encourage
you
if
it
makes
sense
for
you
to
consider
having
that
be
part
of
the
discussion
as
well.
A
Sure
yeah,
it
does
help
you
know
in
the
you
know
again
we
can
blame
keep
learning
covered,
but
you
know
like
the
way
the
way
it
used
to
work
like
before
any
council
retreat.
We
usually
knew
about
a
council
retreat
ahead
of
an
ahack
meeting,
and
then
we
would
have
that
as
an
agenda
item
on
our
ahec
meeting,
to
discuss
to
make
recommendations
about
what
we
see
as
a
focus.
Then,
when
council
was
having
the
retreat,
they
actually
had
something
coming
from
a
affordable
housing
committee
about
what
we
saw.
A
The
priorities
are
and
then
they
could
help
choose.
So
we
used
to
we
used
to
have
kind
of
some
of
these
more
organized
communication
methods
that
I
think
have
kind
of
fallen
off
over
the
past
few
years.
Like
yeah,
we
didn't,
I
didn't
even
know
there
was
a
council
retreat
until
after
our
last
ahec
meeting
and
then
I
was
like,
I
hear,
there's
one
I'm
like
oh
okay,
but
yeah.
A
So,
but
I
think
yeah,
maybe
just
I
think,
opening
up
again
that
you
know
these
direct
normal
channels
again
will
help
and
then
has
there
been
any
discussion
nikki
about
when
we
might
be
able
to
see
each
other's
pretty
faces
again,
not
just
in
brady
bunch
squares,.
K
I
don't
know
I
mean,
I
think,
let
me
do
a
quick
email
search.
I
think
there
there
has
been
some
discussion,
though
about
and
sasha.
Maybe
you
know
this
more
than
I
do.
Yeah
yeah.
D
So
I
can
tell
you
that
quasi
they're
calling
boards,
I
think,
because
of
state
legislation,
are
moving
to
in-person
meetings
april
and
may
really
may
so.
Pnz
will
start
in
person
and
then
hrc
and
then
at
this
point
I
think
we're
not
moving
on
advisory
boards
like
you
yet
because
I
think
there's
a
concern
about
if
every
board
got
to
choose
like
this
board
might
meet
in
person
this
part's
online.
So
we
I
think
we
want
to
kind
of
move
all
together,
and
so
I'm
not
sure
where
it's
going
with
for
advisory
boards.
A
A
Yet
so
all
right,
we'll
just
keep
that
yeah
I
haven't
heard
of
any
I
mean
I
can
send
a
quick
update
to
boards
and
commissions
ask
as
well
too,
but
I
haven't
heard,
haven't
heard
anything
yet,
but
obviously
that
will
you
know
just
that
will
certainly
help
our
communication
flow
once
we
can
get
back
to
that
all
right.
So
it
sounds
like
we
have
at
least
a
kind
of
plan
with
connect,
and
so
we'll
we'll
connect
on
that.
A
So
we
can
be
better
prepared
for
april
27th,
and
then
I
will
do
you
know.
One
thing
I
was
asked
is
whether
it
would
be
whether
the
slot
was
wanting
more
of
just
an
update
from
the
chair
or
like
a
more
committee,
to
be
part
of
it,
and
I
would
I'm
gonna,
propose
it's
more
for
the
committee
to
be
part
of
it
to
be
able
to
all
have
open
dialogue.
Not
just
a
report
from
me.
A
This
might
be
sitting
from
before
the
housing
production
policy
discussion.
I
think,
that's,
I
think
it's
just
hanging
out
there.
I
think
it's
kind
of
what
we're
talking
about
in
task
forces,
and
you
know
I
will
say:
there's
you
know.
One
thing.
I've
definitely
noticed
is
there's
a
lot
of
non-government
groups,
organizing
a
lot
of
outside
discussions
on
affordable
housing
right
now,
there's
a
lot
of
action
happening
and
you
know
just
I
mean
I
feel
like
this
this
just
this
week
I
mean
there
was
this
air.
A
There
was
the
leadership
asheville
one
which
had
a
really
good.
You
know,
good
turnout
had
you
know,
had
really
good
speakers
and
the
mayor
was
there
city
manager?
Was
there
title
cuchini
was
there
as
well
as,
like?
You
know,
lots
of
you
know
non-profit
groups,
and
it
was
you
know
it's
good
good
discussions.
There's
a
lot
of
com
there's
a
lot
of
because
of
the
you
know
the
priority
and
the
the
desperation
around
affordable
housing.
There's
a
lot
of
private
businesses
and
private
groups
stepping
up.
A
So
I'm
happy
to
see
that
and
I'm
happy
that
some
of
those
and
what
that's
kind
of
where
you
know
I'm
hoping
is
also
some
of
these
groups
are
going
to
come
up
with
their
own
innovative
ideas
and
that's
kind
of
where
I
was
you
know
somewhat
going
with
even
this
down
payment
assistant,
saying
nikki
that
maybe
there's
other,
maybe
maybe
the
city.
You
know
that
what
what
do
I
always
say
the
city
is
not
always
going
to
have
all
the
answers.
The
county's
not
always
going
to
have
all
the
answers.
A
Some
of
the
most
creative
things
might
be
coming
from
individuals
and
then
groups
of
individuals
and
if
there's
a
way
for
them
to
submit
proposals,
maybe
there,
but
there
might
be
some
new,
innovative
things
that
happen.
You
know
one
of
the
I'll
just
say
real,
quick.
One
of
the
meetings
I
did
I
led
this
week
was
with
the
asheville
independent
restaurant
group.
You
know.
Obviously
they
represent
5
000
employees,
all
workforce
housing
all
having
a
really
hard
time
and
we
looked
at
like.
A
Basically,
how
can
how
can
companies
start
to
look
at
as
housing
as
an
employee
benefit,
and
some
of
the
things
that
were
definitely
discussed
were
like
setting
up
emergency
rental
assistance
funds
setting
up
down
payment
assistance
programs,
so
some
of
the
same
things
that
align
with
what
we're
doing
that
private
groups
are
now
looking
like
how
to
band
together
and
activate
because
they
want
to
be
part
of
the
solution
and
there's
not
much
of
a
toolbox.
So
there's
not
this
toolbox
that
says:
okay,
you
want
to
help.
This
is
what
you
can
do.
A
So
I
think
there's
a
lot
of
discussions
about
that.
I'm
hoping
some
of
those
tools
will
actually
come
into
us
and
ask
for
funding
because
they're,
you
know
I'm
hearing
a
lot
of
creative
stuff
out
there
and
that's
great
it's
great
to
see
the
community
all
activated
about
it.
A
I
need
to
skip
through
because
I
want
to
get.
I
want
to
make
sure
we
have
time
for
your
bond.
You
know
the
bond
update,
so
you
know
kind
of
future
agenda
items.
You
know
we
still
have
our
bit
about.
You
know
some
of
the.
A
I
know
there's
about
the
short-term
rental,
affordable
housing,
mobile
homes,
louis
you
know
luigi
for
smaller
projects
and
and
maybe
maybe
what
we
need
to
do
is
you
know,
as
we
get
the
direction
from
a
little
bit
of
direction
from
hcd,
we
can
kind
of
look
at
how
we're
going
to
tackle
some
of
those
questions
like
I
know
someone
even
asked
me
like.
If,
if
is
there,
is
there
a
low
limit
on
the
luigi
like?
Can
an
individual
landlord
apply
for
luigi
for
an
existing
stock
or
is
it?
D
A
F
A
All
right,
so
what
I'm
going
to
do
is
to
make
sure
we
have
time
for
the
bond
update
I'm
going
to
kind
of
skip
through,
but
what
I'm
going
to
try
to
try
to
do
is
maybe
some
of
these
potential
new
policies
we've
got.
Maybe
what
we'll
do
is
kind
of
put
those
on
these
lists
of
policies.
We've
discussed,
that's
maybe
something
when
we
do
have
some
connecting
with
hcd.
A
We
can
see
if
there's
any
interest
on
them,
so
we
can
get
some
some
almost
like
process
on
that
that
if
we
do
make
recommendations
on
this
or
how
do
we
get
the
word
out
about
different
about
you
know,
different
items
like
like
that
like
knowing
two
or
more
is
that's:
it's
not
someone
that
people
would
know
unless
they
dug
in
the
policy,
but
maybe
us
broadly
advertising
that
and
getting
the
word
out
might
make
that
program
used
more,
even
though
I'm
sure
it
would
create
a
lot
of
paperwork
for
mess
for
you
guys,
but.
A
Manufactured
home
discussion
kind
of
we
just
you
know,
we
talked
about
for
the
repairs.
The
zoning
bit
sasha.
D
Yeah,
I
just
wanted
to
talk
to
you
all,
because
we
we
weren't
ready
to
come
talk
to
you
all
today
about
that,
but
ricky
and
hurley
and
I
met-
and
I
think
just
to
tell
you
a
little
bit
we
we
want
to
do
some
mapping
and
map
kind
of
our
overlays
right
now
and
look
at
what
they
were
before.
We
lost
our
etj.
We
we
think,
we've
lost.
You
know
70
percent
of
our
land.
That
was
in
that
overlay.
D
C
D
The
etj
and
you
know
ricky's
got
one
item,
that's
kind
of
a
low-hanging
fruit
item
in
terms
of
manufactured
housing
and
we
would
love
to.
We
were
thinking
that
we
can't
make
a
huge
time
like
a
work
plan,
change
on
our
part
just
unilaterally
without
council
direction,
but
we
staff
could
spend
a
few
hours.
D
I
don't
know
if
it
would
be
like
your
build
task
force
if
we
wanted
to
kind
of
dig
into
it
a
little
bit
with
you
all,
maybe
face
to
face
and
and
just
tell
you
what
what
we
know
and
we
could
definitely
come
back
to
the
full
committee
but
and
hear
your
ideas.
We
thought.
Maybe
that
might
be
a
good
place
to
start.
A
Sure,
yeah,
okay,
we
could
talk
offline
about
that
and
look
at
setting
up
anyway.
I
think
we've
got
yeah.
I
think
in
our
build
committee
this
this
next
week
we've
got
marjorie
channel
and
george
martinez,
maybe
lisa.
A
So
I
want
to
see
margie
if
we
can
confirm
that
and
we
can
invite
you
know.
Sasha
you're
welcome
to
come
ricky
all
right
thanks.
So
next
up
quick,
you
know
some
quick
things
on
that
event
list.
You
know
there's
this
has
been
kind
of
on
there.
The
wildest
discussion
with
doing
a
lot
star
or
matt
allen
for
kicking
off
the
housing
street
sheet.
I
heard
there's
a
little
bit
of
discussion
on
that
some
update.
A
I
saw
matt
yesterday
and
he
said
they're
looking
at
maybe
putting
putting
so
there's
no
intern
this
year
is
my
understanding
so
they're
looking
at
maybe
putting
that
street
sheet
onto
some
kind
of
living
document
that
we
all
can
help
add
to
you
want
to.
You
know
you
want
to
share
some
of
what
you
know.
Nikki.
K
We
also
have
reached
out
to
the
county
to
see
if
they
can
participate
with
adding
county
projects
as
well
and
then
right,
as
is
kind
of
the
final
step,
just
crowdsourcing
it
a
little
bit
with
this
group
to
make
sure
that
we've
got
everything
that
we
need
to
to
finalize
it,
and
so,
and
I've
reached
out
internally
to
understand
our
graphics
department
has
did
the
formatting
in
the
past.
So
perhaps
by
the
next
time
we
meet
at
a
hack,
we
can
maybe
do
a
deep
dive
on
just
incorp.
K
You
know
fact
checking
some
of
the
projects
that
we
have.
We
will
be
adding
and
just
making
sure
that
we've
got
all
of
those
that
are
currently
available
and
and
have
been
open
for
business.
Basically
so
so
maybe
we
can
plan
to
tentatively
have
that
list
together
by
this
time
next
month
and
then
just
kind
of
keep
keep
going
from
there.
I
don't
know
what
the
county's
timeline
is,
but
we
can
check
with
them
to
see
when
when
they
think
they
would
have
their
projects
ready
to
go
for
that
list.
K
A
Cool
and
then
yeah,
I
guess
the
whatever
event
that
had
we'll
just
tie
into
it,
a
kick
off
of
that
other
thing,
I'll
just
plug.
Is
this
adu?
You
know
so
this
I've
been
on
this
and
I
think
andy's
on
this
committee
too,
and
laura
nears
on
it.
A
The
aarp
has
a
working
group
and
it's
specifically
about
you,
know
it's
about
adu
barriers
and
then
about
specifically
how
adus
can
be
used
better
for
aging
in
place,
but
they're
planning
to
have
a
kind
of
a
not
an
info
session,
but
more
of
like
a
they're
trying
to
bring
together
like
bring
together
people
who
are
interested
in
maybe
putting
consumers
who
are
interested
in
having
ads
to
understand
some
of
the
barriers
and
why
they're
not
moving
forward
and
there's
gonna,
be
a
sign
up
list
for
that.
A
It's
gonna
be
pretty
small,
I
think
like
12
or
15
people,
but
that's
going
to
be
in
may.
So
what
I'll
do
is
once
I
have
the
sign
up
sheet,
I
can
provide
that
and
maybe
it'll
be.
Maybe
we
can
get
that
on
our
next
a
hack
agenda,
just
that
sign
up
sheet
for
those
who'd
be
interested
in
that.
But
but
it's
always
you
know
again
it's
it's.
I'm
always
pleased
when
I
see
other
groups,
besides
just
the
city,
taking
the
lead
of
efforts
to
kind
of
move.
A
Some
of
these
things
that
we
have
discussions
on,
because
they
they
sometimes
have
completely
different
perspectives.
So
it's
great
rg.
B
Part
of
may
there
is
a
big
conference
coming
from
the
group
again
that
is
called
leading
age
and
it
is,
you
have
to
be
a
member,
and
but
it's
you
know
four
or
five
hundred
people
and
that
work
in
the
senior
living
arena
and
it's
where
ideas
for
how
to
help
people
in
the
the
senior
55
plus
and
everything.
So
it
might.
B
You
know
these
are
people
are
coming
from
all
over
the
state,
and
so
it
might
be
that
there's
going
to
be
some
good
ideas
for
adu
or
how
other
places
are
looking
at
helping
senior
living
or
seniors
in
general.
B
A
A
Right,
we'll
move
on
to
updates
nikki
we're
excited
to
hear
about
some
staffing,
progress
and
jobs,
posted
and
bonds.
So
fill
us
in.
K
Yes,
we
have
a
lot
out
there.
We
have
all
of
our
affordable
housing
positions
posted
right
now
and
so
really
excited
about
the
next
several
weeks
of
really
digging
in
there
and
thanks
again,
barry
for
agreeing
to
be
on
the
selection
committee
for
our
affordable
housing
officer,
so
that
we
can
include
you
in
that
really
important
decision.
So
we'll
keep
you
posted,
but
yeah.
K
We
hope
that
in
the
next
several
weeks,
we'll
be
making
progress
and
we're
very
close
to
the
community
development
division
manager
as
well,
so
really
feel
like
we're
we're
making
a
lot
of
strides
with
getting
positions
posted
and
getting
out
there.
So
please
share.
You
know,
make
sure
that
your
your
network
knows
about
these
available
positions
with
the
city
and
we
really
hope
to
round
out
those
teams
of
our
focus
areas
for
our
department.
But
I
do
want
to
make
sure
that
we
have
enough
time
for
the
bond
presentation.
K
So
I
want
to
go
ahead
and
get
started
on
that
and
sasha's
joining
me.
So
we
really
just
wanted
to
walk
you
through
the
presentation
that
we
shared
with
hcd
and
then
follow
up
with
any
questions
or
conversation
that
will
really
help
us
through
this.
It
was,
I
think,
we've
already
had
some
good
discussion
now
on
the
down
payment
assistance,
so
happy
to
really
continue
the
dialogue
and
so
aware
of
time
too.
K
So
I'll
just
go
through
these
slides
on
a
high
level,
because
I
know
that
that
you
all
know
a
lot
of
this
and
have
been
with
us
through
this
journey,
but
really
wanted
to
start
with
just
our
kind
of
bottom
line.
So
we
looked
at
our
guiding
principles
that
had
been
established
in
2016
and
really
felt
that
these
investments
did
reflect
those
guiding
principles
we
did
want
to
kind
of
give
a
bottom
line
results.
K
Indication
of
where
we
are
spending.
You
know,
17.6
in
bond
investments,
thus
far,
resulting
in
over
30
acres
that
have
been
purchased
or
under
contract.
403
units
constructed
92
in
the
pipeline
sasha's
going
to
deep
dive
on
where
those
results
where
we
have
seen
from
those
different
investments.
So
she's
going
to
take
really
take
some
time
to
walk
through
all
those
different
outcomes
and
then,
of
course,
as
we
mentioned
earlier,
we
have
some
current
projects
in
the
pipeline.
K
We
want
to
look
at
where
those
land
in
terms
of
what
requests
are
needed
to
really
finish
out
319
and
a
couple
other
projects
in
the
pipeline
and
then
determine
where
the
remaining
bond
friends
will
be
programmed
to
really
meet
that
bond
timeline,
and
so
we
also
speak
to
that
a
little
bit.
So
that's
just
our
high
level
takeaways
looking
backward
just
a
little
bit.
We
wanted
to
say
you
know
this
is
really
the
intention
that
was
set
forth
in
2016..
K
These
five
key
strategies:
10
million
in
housing,
investments,
5
million
for
housing,
trust
fund,
3
million
for
land
banking.
You
see
now
the
community
land
trust
there
earmarked
and
down
payment
assistance,
as
we've
talked
about,
and
then
the
15
million,
and
that
initially
was
was
purpose
for
city-owned
land
and
the
evaluation
of
three
high-impact
properties.
K
You'll
recall
that
was
the
biltmore
site,
as
well
as
the
other
city-owned
properties
along
south
charlotte
street,
and
the
city's
parcels
that
are
owned
in
the
in
the
river
district.
So
with
that,
we
also
looked
at
bond
principles
so
again
dating
back
to
2016.
K
So
again,
we'll
we
have
some
charts
to
really
show
how
our
portfolio
of
investments
have
have
have
done,
that
looking
at
home
ownership
and
and
the
different
amis
with
the
results
there.
So
diversifying
expanding
partnerships
again
leveraging
litec
is
there
as
well
as
a
mixed
income
communities.
K
Also,
it
was
important
to
acknowledge
that
with
developments
that
that
produce
greater
benefits,
you
know
I.e.
You
know
lower
income
units,
things
like
that.
You
know
ideal
locations
in
the
city
limits
next
to
jobs,
transit
et
cetera,
or
even
you
know
getting
to
the
point
of
of
achieving
permanent
affordability.
Those
things
take
a
deeper
subsidy
just
do
the
nature
of
how
how
the
math
works
right
when
you're
looking
to
aim
towards
lower
amis.
K
It
typically
requires
a
higher
subsidy,
so
just
being
cognizant
of
that
from
the
outset
and
then
really
emphasize
leverage,
and
we,
when
we
talk
about
that
a
little
bit
later
too,
of
how
we've
been
able
to
leverage
match
funding
through
docwood
health
trust,
our
cdbg
funds
as
an
example,
but
also
just
the
significant
investment
that
happens
in
the
community
from
banking
partners,
development
partners,
equity
partners,
other
governmental
institutions.
That
really
make
this
happen,
so
the
city
doesn't
do
this
alone.
K
K
D
Thanks
nikki
keep
going
okay,
so
these
are
our
five
buckets
that
we'll
keep
referring
back
to,
and
this
is
just
a
quick
snapshot.
I'm
not
going
to
talk
through
these
right
now,
but
we've
got
three
of
our
buckets,
pretty
much
done
as
it
were
next,
so
we'll
start
with
city
on
land
city.
D
Again,
as
nikki
was
just
saying
you
know,
15
million
were
was
allocated
to
this
category
and
you
know
we
spent
the
majority
of
that
funding
on
acquiring
319
biltmore
doing
some
doing
due
diligence
on
that
site
and
also
you
know
some
of
that
money
went
to
frankly
walker
heights
and
but
it
constructing
the
new
road
storm
water
infrastructure
grading.
D
So
in
a
way,
we've
got
a
pad
ready
site,
but
it
also
enabled
blue
walker
to
happen.
So
that's
partly,
why
just
you
know
full
disclosure
here,
you
know
the
212
units
at
lee
walker
heights.
Excuse
me,
maple
crests
are
counted
in
our
unit
totals
because
without
this
2.2
million
of
bond
money,
you
know
that
would
not
necessarily
have
happened.
D
D
So
this
is
the
biggest
pot
of
remaining
money
next
and
then
we
have
a
picture
of
maple
crest
and
just
showing
the
land
and
and
the
grading
that
happened
there
next
so
land
banking
again,
this
category
is,
for
the
most
part,
been
spent
acquisition
of
50
ashland
avenue,
which
is
next
to
the
transit
center
haywood
street
community
development
property
on
west
west
heywood
street,
and
we
can
and
some
due
diligence
for
65
ford
street
and
that
has
pretty.
D
Care
of
the
the
majority
of
this
category
next,
and
so
we
into
which
set
pictures
of
you
know
the
65
4th
street
was
bought
with
cdbg
money.
But
you
know
this
money
was
also
crucial
to
to
that
purchase.
D
And
then
housing
trust
funds,
so
5
million
dollars
was
allocated
in
this
pot,
and
I
touched
base
with
andy
about
this
and
maybe
some
some
other
folks
in
the
room
kind
of
getting
the
numbers
for
this,
which
is
great.
We
seems
like
a
great
success
story
here.
So
amaranth
apartments
and
candler
was
a
tax
credit
project.
70
units
just
want
to
know
a
benz
on
simpson
street,
another
70
units,
360
hillyard,
those
are
34
units
affordable
for
50
years
and
then
the
habitats
got
site
scattered
site
homes.
Excuse
me
and.
D
D
D
And
then
community
land
trust,
perfect
timing
for
hearing
from
anna
today,
the
land
trust
has
used
the
bond
money
to
purchase
a
habitat
house
on
caribou
road
purchase,
two
lots
on
wyatt
street,
which
are
in
shiloh
and
they've,
purchased.
One
house
in
east
end,
and
I
think
that
second
house
and
east
end
here
we
put
them
together.
D
I
think
that's
due
to
close
this
month,
if
not
this
week,
and
then
the
development
of
two
city
lots,
so
they
haven't
drawn
down
all
their
funds,
but
it's
all
been
committed
there
next,
and
so
these
are
just
some
pictures
of
the
two
homes
that
the
clt
has
acquired
so
far
and
down
payment
assistance.
You
all
know
way
more
about
this
than
I
do,
and
I
think
that
obviously
the
you
know
with
that.
If
we
don't
have
an
agreed
upon
policy
to
how
spending
it
could
be
difficult.
D
So
this
is
nothing
new
here.
First
we'll
be
working
on
a
recommendation
for
city
council
for
this
summer,
and
that
may
be
it.
Okay,
that's
right!
So
it's
just
a
summary
chart
of
the
affordable
housing
units.
We've
got
this
just
as
a
breakdown
by
project.
How
those
units
come
out,
we
do
have
you
know,
87
units
in
the
kind
of
planning
stages
or
pipeline.
D
And
hopefully
there's
not,
hopefully
we
got
everything.
We
tried
to
be
very
thorough
in
next
slide
and
then
we
also
wanted
to
break
this
down
by
affordability
and
who
these
units
are
serving.
So
we've
got
16
units
at
80
below
316,
at
60
percent
amine
below
and
for
maple
crust.
Actually
that
lumps
two
pots
together.
They
have
a
group
of
units
at
60
below
and
then
another
group
at
50
and
below,
but
just
for
to
make
it
for
ease
of
reading
and
put
them
together.
D
K
So
I
think,
given
that
quick
overview,
we
wanted
to
take
some
time
to
really
reflect
on
lessons
learned.
I
think
I
think
it's
it's
clear
that
you
know
investing
in
in
new
nonprofit
organizations
takes
time
to
pay
off,
but
again
having
anna
here
today,
it's
so
exciting
to
see
the
possibilities
with
the
clt.
I'm
super
excited
about
the
progress
that
they've
made
and
really
believe
it's
such
a
needed
tool
in
our
community,
but
just
to
acknowledge
simply
that
it
does
take
time
and
resources
really
to
see
that
turn
around.
K
We
also
saw
that,
with
with
haywood
street
and
their
desire
to
develop
a
non-profit
to
build
affordable
units,
I'm
just
acknowledging
how
much
time
it
really
takes
to
see
new
new
new
players
enter,
enter
the
landscape
of
affordable
housing
creation,
but
but
they're
valuable
right,
really
valuable
to
have
people
coming
to
the
table
wanting
to
pursue
affordable
housing.
K
Our
efforts
and
seeing
some
of
that
come
to
implementation
is,
is
critical
right.
The
third,
of
course,
is
another
existing
policy,
which
is
the
housing
trust
fund.
So
the
fact
that
that
was
an
existing
policy
and
the
the
process,
the
application
and
then
the
the
contracts,
the
award,
the
the
necessary
legal
documents
and
the
implementation
of
that
has
really
led
us
to
see
the
most
straightforward
success
and
the
highest
leverage,
and
so
again,
just
acknowledging
that
having
these
existing
policies
are
really
what
has
helped
us
to
to
deliver
that
success.
K
I
think
the
other
thing
is
this
slide.
You
know
the
value
of
partnerships,
and
you
know
I
can't
say
enough
about
all
all
of
all
of
our
partnerships.
A
lot
of
you
sitting
here
today
that
have
had
have
had
impact
in
this
way
to
see
that
it's,
it's
truly
a
community
effort
and
really
takes
everyone
from
the
developers
to
the
actual
workers
and
the
laborers.
K
You
know,
building
the
housing
on
the
ground,
and
so
really
just
understanding
acknowledging
the
entire
spectrum
of
of
community
that
it
takes
to
see
affordable
housing
built
is
something
that
we're
we're
really
grateful
for
to
be
a
partner
in
this
together
with
with
these
agencies
and
these
groups.
K
K
So
we
weren't
able
to
use
bond
funds
cdbg
actually
had
to
be
spent
on
a
quicker
time
frame,
so
glad
to
see
that
leverage
again
with
with
the
haywood
street
community
development
project,
seeing
leverage
from
both
dogwood
and
the
county,
then
of
course
recognizing
the
county
and
the
housing
authority's
leverage
with
maplecrest
and
then
that
private
financing,
so
just
in
our
initial
review
of
the
construction
dollars
external
to
the
city,
with
financing
and
other
community
dollars
at
at
least
19
million
in
in
construction
financing.
K
K
Looking
at
traffic
there
and
potentially
a
traffic
signal
there,
we
are
exploring
another
land
acquisition
for
home
ownership
that
could
be
possible
with
bond
funds
and
we'll
have
more
to
report
on
that
at
a
later
date
and
then
otherwise,
the
housing
trust
fund
so
again
really
playing
to
our
strengths
here,
playing
to
existing
policy
to
ensure
that
we
have
a
timely
use
of
the
bond
funds,
but
then
also
really
leverage
and
support
those
bond
funds
to
round
out
the
program-
and
I
think
that's
again
our
last
slide
so
key
takeaways
here
and
barry
at
this
point,
I
think
we're
getting
close
on
time
so
I'll
be
happy
to
turn
it
back
over
to
you
cool
thanks.
A
K
Absolutely
so,
I
think
again
we're
saying
that
the
5
million,
basically
that
was
allocated
through
the
bond,
has
been
committed
right,
so
we're
not
counting
that
that's
going
to
be
fully
off
the
table,
so
the
2.3
that
we
talked
about,
I
think
at
our
last
meeting.
We
acknowledged
that
since
that
time
the
haywood
street
congregation
has
now
had
a
successful
housing
trust
fund
application
at
904.
K
So
then
the
balance
there
is
about
one
point,
a
little
less
than
1.4,
and
then
we
can
expect
that
you
know
with
the
general
fund
contribution
that
occurs
every
fiscal
year
that
then
adding
half
a
million
brings
that
up
to
about
you
know
1.8
so
again,
seeing
seeing
how
that
then
matches
with
looking
at
7.4.
I
mean
that
could
be
very
exciting
because
we
always
you
know,
must
recognize
that
there
are
more
projects
seeking
housing,
trust
fund
dollars
or
seeking
public
financing
than
dollars
available.
K
I
know
we're
watching
the
county's
deliberations
right
now,
with
with
their
housing.
Trust
fund
program
asks
and
just
paying
attention
to.
What's
what's
going
on,
of
course,
this
would
all
these
funds
would
need
to
be
spent
in
city
limits,
but
nonetheless
we're
we're
actively
looking
at
that
and
looking
at
how
that
would
influence
the
final
policy
recommendation.
B
Nikki
I
wanted
to
ask
you
about
319..
I
noticed
on
one
of
the
sheets.
You
have
319
as
far
as
the
number
of
units
you've
got
at
least
40.,
so
I
know
that
that
was
a
big
big
piece
of
property
and
you
can
get
many
many
many
more
than
40.
So
did
you
change
the
scope
of
that
rfp
so
that
it's
different
than
what
was
originally
sent
out.
K
A
great
question,
but
I,
but
truly
what
what's
to
understand
there.
We
sasha-
and
I
talked
about
this-
it's
a
mixed
income
project
right,
so
we
acknowledge
that
some
of
the
units
to
be
developed
there
will
be
market
rate
so
right
now
our
intention
is
to
just
characterize
the
number
of
affordable
units,
so
that
is
where
the
estimates
coming
in
at
that's.
B
K
No,
our
policy
so
again.
This
is
where
that
policy
framework
is
really
helpful
to
guide
guide
the
conversations
and
guide
the
decisions.
So
our
policy
says
that
on
city
and
property
units
must
be
20,
affordable
of
the
entire
development
at
60,
ami
or
below
for
20
years.
K
So,
basically,
in
our
financial
analysis,
early
on
we,
we
determined
that
asking
for
that
baseline
commitment
often
meant
that
the
land
would
need
to
facilitate
a
subsidy
in
that
way,
but
that
was
where
we
established
that
policy
baseline,
so
really
319
was
established
on
those
on
that
frame.
So,
at
the
very
least,
we're
going
to
see
20
of
all
the
units
at
319
be
affordable,
60,
ami
or
below
accept
housing,
choice,
vouchers
for
at
least
a
period
of
20
years.
K
Then
our
negotiation
comes
in
with
the
developer
on
what
what
additional
affordability
would
make
sense
there,
but
we're
really
wanting
to
look
at
the
entire
neighborhood
about
how
it
also
relates
to
maple
crest,
to
ensure
that
we
have
a
really
robust
program
there
right.
So
really
looking
at
the
context
to
help
inform
that,
but
again
just
ensuring
that
that
baseline
is
covered.
B
But
there
would
be
a
mixed
market
rate
in
I
mean.
Let's
say
you
have
you
know,
150
apartments
of
which
40
might
be
whatever,
but
20
is
going
to
be
affordable,
but
you
definitely
would
have
a
mixed
income
type
of
program,
because
I
remember
some
of
the
discussions
is
that
we
did
not
want
to
have
another
giant
neighborhood
of
just
affordable.
H
Yeah,
I
was
curious
about
the
bond
funds
that
have
gone
out
through
the
housing
trust
fund.
I
know,
typically,
the
housing
trust
fund
is
structured
as
a
loan.
That's
certainly
how
the
bond
funds
came
to
habitat
through
housing
trust
fund.
What
what?
If
anything,
you
know
of
the
bond
restrictions
remains
when
those
funds
are
recaptured
back
to
the
housing
trust
fund
in
in
terms
of
like
loan
repayments
from
the
developer,
I
mean.
H
Is
that
basically,
just
you
know,
the
the
five
million
in
bond
funds
that
went
into
housing
trust
fund
is,
does
that
become
a
revolving
source
of
affordable
housing
revenue.
K
Regardless
of
the
bond
status,
I
mean
I
can.
I
can
double
check
on
this,
because
I
I
know
exactly
where
that
information
is
and
I
can
pull
it.
But
from
what
I
understand
again,
the
bond
framework
was
to
benefit
affordable,
housing
and
so
long
as
those
funds
are
cycled
back
in
through
the
housing
trust
fund.
That
follows
the
same
public
benefit.
Then
then
that
is
is
in
compliance,
but
I.
H
Just
one
other
quick
question:
you
mentioned
the
the
high
impact
sites
and
I
know
there
were
development
studies.
Pre-Development
studies
done
on
on
those
sites
has
and
each
one
had.
You
know
issues
as
we
did
the
pre-development
work
is
there.
Has
there
been
any
motion
on.
K
So
I
think
so
319
is
definitely
top
of
mind
for
us
to
really
see
that
one
come
to
fruition.
I
am
really
excited
about
the
potential
in
the
river
arts
district,
given
the
properties
that
we
had
that
we
had
purchased
there
as
well
as
other
parcels
that
we've
assembled
through
acquisition
of
radtip
right.
So
I
hope
that
that
becomes
part
of
our
future
pipeline
for
affordable
housing,
but
right
now
we're
really
focused
on
319..
K
I
think
there
is
discussion
right
now
about
really
looking
at
our
facilities
on
south
charlotte
street.
I
think
there's
a
high
price
tag
associated
with
the
relocation
of
those
facilities,
and
so
that
really
needs
to
be
addressed
before
we
can
advance
conversations
around
south
charlotte
street
is
really
having
to
understand
the
costs
associated
with
with
those
facilities
on
south
charlotte.
So
again,
when
I
think
about
it,
I
really
think
that
there's
likely
to
program
the
river
properties
in
the
future
pipeline
as
a
next
step,
but
a
little
remains
to
be
seen.
K
I
think
we
want
to
get
through
the
319
and
see
that
one
really
built
successfully.
We
have
65
ford
street
as
well.
That's
going
to
be
a
priority
for
us
in
the
in
the
coming
fiscal
year,
and
so
then
programming
the
river
in
as
well,
I
think,
is,
is
a
good
part
of
kind
of
a
more
of
a
a
long-range
plan
for
our
pipeline.
A
Thank
you.
Yes,
I
really
appreciate
the
the
bond
update.
It's
good
to
see
it
all
there
and
see
where
things
have
moved
see.
What's
left
and
yeah,
then
thanks
for
the
having
trust
fund,
it's
been
it's
good
to
know
on
what
that
balance
is,
and
that's
like
a
balance.
That's
not
the
some
of
these
projects
that
we
talked
about
that
our
funds
are
allocated
were
allocated.
That
includes
those
back
in
it
is
that
right.
K
Right
when
I
look
at
that
balance,
it
means
what
we
have
available
to
allocate.
So
that's
that's
when
I
think
of
of
that
figure
that
I
share
out
that's
what
I'm
thinking
of
is
that
active
funds
that
we
have
to
allocate
in
in
our
cycle.
So
when
we
look
at
any
applications
coming
in,
that's
the
number
that
I
use
to
assess
whether
we
can
support
the
ask.
A
A
Yeah
no,
I
was
specifically
talking
about
like
the
juno
group
allocation
and
the
pineview
apartment
allocations.
I
think
those
were
funds
that
were
allocated
never
spent
never
given
out,
but
it
was
always
taking
up
some
of
that.
Yeah.
A
Those
those
haven't-
those
haven't
been
encumbered
those
those
those
approvals
from
council
for
those
projects
have
not
been
encumbered
on
any
housing
trust
under
bond
dollars.
At
this
time
they
have.
F
A
Okay
got
it:
okay
marge,
you
got
a
quick
one,
because
we
got.
B
Could
can
any
of
the
money
that
is
left
be
used
for
four
percent
tax
credit
deals?
In
other
words,
if
you
have
a
developer,
come
to
you
and
say
I'm
gonna
do
a
four
percent,
but
I
need
some
gap
money
to
make
this
happen
and
instead
of
the
gap
money
coming
from
private
equity,
could
it
possibly
come
from
the
city
and
come
out
of
the
housing
trust
fund
dollars.
K
I
think
it's
possible
within
the
frame
of
what
the
housing
trust
fund
allows
for,
and
so
I
think
that's
a
great
question
that
we're
looking
at
right
now
to
understand
how
the
housing
trust
fund
policy
shapes
any
decisions
about
investing
in
tax
credits,
because
the
idea
being
that
it's
a
revolving
loan
fund
and
that
the
loan
is
is
repaid.
K
That
was
really
what
what
it,
what
the
intention
was.
But
I
understand
that
you
know
sometimes
like
in
lee
walker.
You
know
there
was
a
request
to
structure
that
as
a
as
a
deferred
loan
right
as
something
that
looks
and
feels
more
like
a
grant.
So
we're
currently
trying
to
analyze
that
to
understand
how
these
funds
can
be
used
in
those
scenarios,
but
with
the
county.
B
Here
yet
johnny
seems
to
be
working
with
the
four
percent
tax
credit
deal
and
looking
at
that
potential,
for
you
know
them
being
the
source
for
the
gap
money
right,
so
it
it
looks
like
it
is
a
possibility.
E
A
Sorry
I
was
just
trying
to
wrap
up
yeah.
Let's
try
to
do
we
want
to
if
you
want
to,
if
you
want,
if
you
want
that
margie,
what
we
can
do
is
we
can
further
that
conversation?
You
know
that
sounds
like
an
important
conversation,
especially
if
the
county
is
doing
something.
We
can
look
at
adding
that
on
the
next
agenda.
If
you'd
like.
H
I
was
just
it's:
you
mentioned
other
agenda
items
for
future
meetings.
I'd
love
an
update
on
the
purpose-built
process
on
the
ford
street
and
cedar
hill
d
review
property.
Just
I
I
keep
hearing
that
that's
going
on,
but
I
haven't.
I
don't
really
have
a
good
sense
of
what
it
what
it
looks
like
on
the
ground.
A
Okay,
we
can
do
that
all
right.
Well,
thank
you,
everybody
so
we'll
be
able
to
connect
and
connect,
and
builders
will
build
and
we'll
see
if
we
can
put
something
together
so
we're
better
we're
you
know
best
prepared
for
our
time
slot
on
the
27th.