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From YouTube: Asheville Regional Housing Consortium - Special Meeting
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A
Thank
you
good
afternoon,
everyone,
I'm
sage
turner,
chair
of
the
asheville
regional
housing
consortium
and
I'd
like
to
welcome
you
to
the
may
25th
home,
revised
funding.
Recommendation
meeting
we're
streaming
live
on
our
virtual
engagement
hub,
which
is
accessible
through
the
virtual
engagement
hub
link.
That's
on
the
front
page
of
the
city's
website.
A
Zero
855-925-2801
and
you'll
be
prompted
for
a
code
that
code
today
is
eight
seven
six
three
and
for
those
of
you
joining
us
today,
welcome
I'm
gonna
go
through
and
introduce
all
the
board
members
and
staff
leadership.
If
you
could
on
mute
yourself
and
give
us
a
quick
hello
and
then
go
back
on
mute,
I
myself
sage
turner,
I'm
the
chair
robin
merrill
vice
chair
good
afternoon,
karen
keenan!
Are
you
with
us
ben
woody.
A
I
may
call
him
if
we
need
quorum,
jennifer
miranda
good
afternoon,
everyone
great
eric
rufa.
I
don't
think
I
saw
him
either
nope
jacob
copper.
A
All
right,
matthew,
cable
here,
thank
you,
nate
pennington,
I
didn't
think
so.
Aaron
bland.
B
A
Where
am
I
adrian,
are
you
with
us
today?
No
alan
mcneil,
I
do
see
archie
archie
you're
with
us
today,
hello,
all
right,
everyone!
Thank
you.
Thanks
to
everybody
joining
us.
This
is
not
our
regular
day
or
time.
So
I
understand
some
folks
couldn't
be
with
us.
We
do
have
staff
leadership
with
us,
sid
I'd
like
to
introduce.
We
have
the
city
attorney
brad
brand.
Now
all
right
in
our
community
develop
development,
division
manager,
jonathan
jones
good
afternoon.
A
Oh
you're
in
for
alan
today,
okay,
great,
thank
you,
kate,
all
right!
Well,
today,
everyone
we're
gonna,
be
hearing
from
staff
about
some
revised
home
funding
recommendations
for
six
organizations.
You
may
have
heard
that
one
has
withdrawn
so
again.
This
is
just
the
funding
recommendation
meeting
we're
going
to
be
posting
all
these
on
the
website.
They
have
there's
a
draft
form
and
it's
attached
to
the
bottom
of
this
document
and
agenda.
A
D
All
right,
thank
you
very
much.
I
do
appreciate
everybody
being
available
for
this
meeting
on
such
short
notice.
I
know
when
the
consortium
met
back
in
march,
we
reviewed
the
funding
recommendations
and
made
allocations,
but
at
the
time
we
were
not
working
with
final
numbers
from
hud,
so
back
on,
may
13th
hud
released
our
final
funding
allocation
amounts,
giving
us
an
additional
114
thousand
dollars
roughly,
and
so
we
will
need
to
reallocate
those
funds
in
that
same
time
frame.
D
We
also
received
an
update
from
workforce
homesteads
juniper
project
indicating
that
they
would
not
be
moving
forward
with
their
tax
credit
application.
They
had
concerns
with
rezoning
and
also
the
the
limited
amount
they
received
from
home
funding.
So
they
were
not
able
to
proceed
with
that
project
and
notified
the
city
that
they
were
withdrawing
their
request,
so
that
was
an
additional
306
thousand
dollars.
That
will
also
need
to
be
reallocated
today
the
rest
of
the
staff
recommendation
as
far
as
program
income
and
return
funds
from
previous
years.
D
D
So
as
far
as
you
know,
where
the
money
is
coming
from
and
how
it's
being
reallocated,
that
is,
that
is
one
of
the
changes
that
we've
made.
As
far
as
I
guess
that
said,
if
there's
any
questions
about
that,
so
far
be
glad
to
all
right.
I
will
go
ahead
and
share
my
screen
because
it
might
be
easier
to
walk
through
the
funding
suggestions
from
the
city
staff.
D
All
right
is
that
coming
through
it's
about
as
large
as
I
can
make
it
on
the
screen
without
losing
info
matter.
Of
fact,
I
have
at
the
far
side
of
the
of
the
table.
There
is
actually
a
final
funding
column
that
shows
how
much
we
have
received
compared
to
the
staff's
original
estimates,
so
not
too
far
off,
but
enough
that
we
are
going
to
need
to
make
some
changes.
D
We
removed
306
622
from
that
column
and
really
just
redistributed
that,
amongst
the
other
projects
that
were
funded,
that
weren't
already
fully
funded
so,
for
instance,
white
pine
villas
had
been
previously
already
fully
funded
and
just
redistributed
those
funds
proportionately
and
then
did
really
the
same
thing
with
the
with
the
hud
increase,
because
hud
included
new
funds
in
their
allocation.
D
That
meant
that
the
10
percent
allocation
that
the
city
would
use
for
admin
would
include
an
additional
eleven
thousand
dollars
for
admin.
The
other
two
projects,
as
we
started,
redistribute
looking
at
a
redistribute
proportional
redistribution.
It
brought
apple
ridge
and
white
pine
villas
to
their
full
request.
So,
rather
than
exceeding
that
full
request,
we
also
included
another
41
949
in
helpmates
application.
D
So
with
with
that
distribution,
it
means
that
all
of
our
tax
credits
will
receive
full
funding.
At
this
point,
the
city
would
continue
to
keep
10
percent
for
administrative
purposes
and
then
a
final
award
of
150
263
for
150
263
for
helpmate.
A
D
Welcome
you
know
glad
glad
for
us
to
like
put
our
thinking
caps
on
at
the
city
and
give
us
a
starting
point
for
the
conversation.
Obviously,
we
have
taxed
the
interestingly
enough
the
same
day
that
hud
released.
Their
final
allocations
also
happened
to
be
the
day
that
tax
credit
applications
were
due,
so
that
information
has
already
been
submitted
to
nchfa
by
the
applicants.
D
But
we
would
simply
the
city
staff
would
follow
up
with
each
of
the
applicants
and
give
them
an
updated
award
notice
and
hopefully
get
that
into
the
mix.
If
we
do
not
have.
E
A
Yeah,
those
are
high
percentages.
It's
great
anyone
have
any
questions
about
this.
We
have
a
drafted
motion
if
someone
is
ready
to
make
it,
but
you
know
I'm
not
sure
if
everybody's
had
time
to
review
or
any
any
further
discussion
about
this
simple
reallocation,
really,
okay,
anybody
want
to
make
a
motion.
E
Ahead
robin
I
recommend
the
revised
funding
allocations
to
asheville
city
council
for
submission
of
the
fy
2223
annual
action
plan
for
hud
approval,
with
a
memphis
to
the
fy
1920
and
fy
2122
action
plans.
Transferring
the
prior
year
fund
to
the
fy
2223
action
plan
authorizing
the
city
manager
to
sign
all
necessary
documents
to
this
effect.
A
E
F
A
Robin
yes,
myself,
sage,
matthew,
cable,.
E
B
A
If
I
missed,
you
speak
up
now,
I've
got
this
weird
interface
this
time,
it's
not
as
easy
kate.
There
you
are.
Thank
you.
I'm
sorry
y'all
got
a
tiny
screen
today.
Okay,
that
motion
has
passed.
Thank
you
jonathan
and
staff
for
reallocating
that
so
easily
for
us,
and
let
me
get
back
to
our
agenda.
D
So
that's
just
to
let
you
know
next
steps
on
that
will
be.
We
will
publish
the
draft
action
plan
and
amendments
this
friday
and
begin
the
30-day
public
comment
period
with
the
intention
for
city
council
to
review
and
approve
at
their
meeting
on
june
28th.
D
So
the
timeliness
of
this
is
is
great
because
we
will
be
able
to
get
it
completed
before
the
end
of
this
fiscal
year
and
typically
council
does
not
city
council
doesn't
meet
in
the
early
weeks
of
july,
so
we
would
have
some
timing
issues
there
if
we
weren't
able
to
complete
it
so
from
from
the
staff's
perspective
and
probably
from
our
grantees
in
the
community.
I
again
appreciate
everybody
being
here
and
available
to
help
make.
A
A
D
Will
do
that
so,
along
with
the
submission
for
our
funding
recommendations,
we
are
also
suggesting
an
update
to
the
home
recapture
policy.
D
So
this
is
the
document
that
guides
how
money
is
returned
to
the
home
program
and
reused
when
talking
about
funding
for
single-family
down
payment
assistance.
D
Back
in
january,
hud
issued
a
number
of
findings
to
the
city,
one
of
which
happened
to
be
that
the
recapture
policy
that
had
been
previously
approved
in
2013
did
not
match
their
requirements.
D
The
main
issue
was
that
there
were
two
provisions
within
the
recapture
policy,
one
that
would
allow
loans
made
to
for
down
payment
assistance
to
home
buyers,
to
be
non-amortizing
non-caregivable
with
zero
percent
interest
and
deferred
until
sale
or
transfer
of
title.
D
So
that
is
where
a
home
buyer
receives
down
payment
assistance
and
they
would
continue
to
keep
that
down
payment
assistance
as
a
second
mortgage
on
their
home
until
they
sell
the
transfer
the
property
and
then,
at
that
time
they
would
return
exactly
the
amount
of
funding
that
was
invested
in
that
in
that
home
or
just
the
amount
of
home
money
invested
in
that
home.
The
other
option
included
in
the
policy
was
a
shared
appreciation
model.
D
So,
as
money
was
invested
in
down
payment
assistance
for
a
home
buyer
as
the
value
of
that
home
increased
the
return,
the
money
returned
by
that
home
buyer
when
they
sold
their
transfer
title
of
that
of
that
dwelling,
they
would
return
the
initial
investment,
but
they
would
also
return
an
amount
proportional
to
the
appreciation
of
the
home.
So
as
the
value
of
the
home
went
up,
so
did
the
amount
they
would
return
to
the
home
program
in
the
monitoring
documents.
D
Hud
expressed
concern
that
the
shared
appreciation
model
would,
in
effect,
capture
more
money,
recapture
more
money
for
the
home
program
than
was
originally
invested
and
tracking
that
difference
over
time
is
messy,
is
not
clear
and
can
lead
to
confusion
as
far
as
how
much
is
being
repaid-
and
you
know
how
much
doing
the
appraisals
and
making
sure
that
we
are
attracting
that
appropriately
in
their
own
policy.
D
Hud
does
allow
for
that
shared
appreciation
model
and
the
city
has
has
been
in
communication
with
hud,
but
at
the
end
of
the
day,
hud
has
communicated
to
staff
that
the
policy
needs
to
be
simplified.
It
needs
to
be
made
more
consistent
so
that
there
aren't
essentially
two
tracks
for
for
us
to
use
and
that
we
would
have
one
very
clear
policy
on
how
we
handle
funds
recaptured
from
down
payment
assistance.
D
So,
with
the
help
of
our
consultant,
we
have
sent
out
to
you
all
for
consideration.
The
draft
recapture
policy.
D
One
of
the
caveats
to
this
is
that
we
have
to
include
that
policy
in
our
action
plan
every
year,
so
that
hud
is
aware
of
what
rules
we
are
following
when,
when
we're
dealing
with
the
with
these
home
funds,
and
so
because
of
the
monitoring
findings,
we
were
identified
as
being
out
of
compliance,
and
we
are
in
the
process
now
of
submitting
an
action
plan
that
you
all
just
made
funding
recommendations
for.
D
Corrected
so
as
it
stands,
we
are
trying
to
follow
hud's
very
specific
guidance
about
what
this
policy
should
look
like.
We've
already
sent
a
copy
to
the
field
office
for
their
pre-review,
so
that
we
they
are
aware
of
the
changes
we
are
looking
at
and
we
are
hoping
to
have
this
in
place
so
that
we
can
include
it
in
the
action
plan,
submission
underway
and
proceed
without
any
any
effects
on
any
of
our
other.
A
A
D
Some
of
the
complication
there
is
the
fact
that
we
have
two
two
models
listed
in
one
policy
and
it's
not
consistent
in
how
we
apply
that.
So
by
only
having
one
model,
we.
D
To
say
this
is
exactly
what
we
are
doing
with
each
and
every
home
buyer
that
we
assist
and
then
the
shared
appreciation
model.
Again,
it's
sort
of
it.
It
creates
an
additional
level
of
tracking
when
we
have
funds
returned
from
those
home
buyers.
D
And
sorry
that
there
was
a
pop-up
on
my
end
and
then
the
the
other
part
of
it
being
that
you
know
as
we're
returning
those
funds.
Part
of
the
concern
is
our
ability
to
keep
track
and
reallocate
those
funds
appropriately.
So
when
we
have
two
different
models-
and
we
have
one
that's
more
complicated
than
the
other
hud
said
during
the
review
of
our
monitoring
findings
that
we
needed.
A
B
A
Input
from
the
consortium
on
this
because
it
says
sound
like
we
are
opting
to
not
have
both
policies
in
this
discussion,
while
both
are
legal
routes
that
we
could
go,
but
we
are
choosing
and
hearing
from
our
participate
participating
jurisdiction
of
what
you
call
us.
Our
asheville
staff
saying
that
one
model
is
simpler,
they're
being
requested
to
move
to
one
model,
and
this
is
how
they'd
like
to
administer
it
right
now
any
concerns
or
questions
around
this.
A
We
didn't
have
any
public
comment
on
it
for
the
part
when
we
get
to
a
vote,
but
we
did
receive
an
email
today
that
I
do
want
to
reference
from
one
of
our
previous
recipients
of
these
funds
and
long-time
partners
well-respected
organization,
the
community,
and
they
did
share
that.
They
were
concerned
about
a
particular
part
of
this
language,
and
it
was
they
supported
the
this
idea
moving
forward.
A
But
they
were
concerned
that
there
was
some
retroactive
time
period
and
I
don't
think
everybody
on
the
consortium
received
this
email
and
it
wasn't
received
in
time
to
be
a
public
comment
in
its
true
estate.
But
I
did
want
to
reference
it
and
I
would
hope,
they're
listening
right
now,
jonathan
you
and
I
discussed
this
a
little
bit.
Did
you
want
to
share
any
input
about
that
email
or
response
for
that
particular
organization?.
D
So
what
I
would
say
is
there
the
email
expressed
concerns
about
applying
the
new
policy
or
this
update
to
our
recapture
policy
retroactively,
and
the
city's
goal
would
not
be
to
change
the
terms
of
any
of
the
loans,
the
down
payment
assistance
loans
made
to
households
in
previous
years.
This
policy
would
be
effective
now,
if
approved
so
any
any
future
down
payment.
Assistance
provided
would
have
to
follow
these
newer
policies.
D
So
that
said,
if,
if
a
homeowner
received
down
payment
assistance
a
year
ago,
the
policy,
in
effect
at
the
time
was
the
the
recapture
provision.
I
was
the
shared
appreciation
model,
but
by
simplifying
this
once
approved.
If
a
homeowner
were
to
receive
down
payment
assistance
tomorrow,
they
would
they
would
simply
repay
the
amount
that
was
invested
in
their
in
their
home
as
as
assistants
there.
D
The
way
hud
tracks
down
payment
assistance
is
that
each
each
household
assisted
is
considered
a
project
and
the
rules
and
effect
at
the
time
that
project
occurs
are
the
rules
that
are
applied,
so
it
doesn't
matter
the
age
or
the
source
of
the
home
funds.
Whether
they
came
from
an
old
2011
grant
that
were
repaid
by
another
homeowner
or
two
weeks
ago,
those
funds
would
be
put
into
use
now
and
would
then
be
would
be
required
to
follow.
Would.
C
Who
jonathan,
I
don't
know
if
this
is
even
worth
asking,
but
I
know
in
your
examples
you
talked
about
if
the
price
of
the
home
was
more
than
they
had
paid
or
at
the
same
value.
What
would
I
just
want
to
make
sure
I'm
clear
what
would
happen
if
they
had
to
sell
for
a
lower
price.
D
Well,
actually,
according
to
the
policy,
if
the
value
of
the
home
goes
down,
so
if
it
depreciates,
then
the
first
mortgage
would
be
repaid
out
of
this
proceeds
from
sale
plus
any
expenses.
D
You
know
in
that
process
and
then
whatever
remains
so.
The
net
proceeds
from
that
sale
would
then
be
applied
to
the
down
payment
assistance
repayment.
D
So
in
the
in
the
event
that
a
home
that
a
home
buyer
received
ten
thousand
dollars-
and
there
was
a
ten
percent
appreciation-
just
you
know-
using
round
numbers-
the
city
and
the
home
consortium
would
only
receive
nine
thousand
dollars
as
a
repayment,
so
that
there
would
be
a
depreciation.
B
A
Example
too,
it
says,
basically,
if
you,
if
the
family
decided
to
sell
in
the
first
year
and
the
value
had
not
increased,
and
then
they
had
to
pay
additional
closing
costs
and
so
on
and
such
because
of
the
sale.
Then
the
example.
This
in
this
case
is
a
250
000
home
with
15
000
in
sale,
price
and
brokerage
fees
and
so
on,
leaving
them
and
the
first
mortgage
of
221
and
then
the
proceeds
left
from
all
the
sale
and
paying
off
the
mortgage
were
only
14
000.
A
Even
though
the
original
down
payment
systems
had
been
25
000..
So
in
that
situation,
hopefully
a
rare
situation,
the
remaining
amount
of
repayment
or
recapture
would
be
canceled
now
jonathan.
Would
that
come
that
would
come
to
this
consortium
right?
We
would
discuss
it.
We'd
say
this
happened.
There
isn't
enough
funding.
We
would
need
to
vote
to
cancel
it,
or
is
there
a
procedural
thing
there?
We
would
need
to
know
about.
A
A
A
D
So
this
this
home
policy
would
affect
all
home
funds
going
forward.
F
A
Okay,
any
other
questions
for
jonathan
our
staff
or
our
legal
team.
While
we
haven't,
I
don't
have
a
particularly
drafted
motion
in
my
assortment
of
files
here.
Do
you
need
particular
language
because
the
nature
of
this
policy
in
general,
I
feel
like
you
might
I
mean
I
can
make
a
simplified
motion
just
to
support
this
newly
drafted
recapture
policy?
Do
you
need
to
say
anything
specifically.
D
F
A
E
A
B
B
F
B
A
A
B
A
Well,
we
could
just
go
to
briefly:
let's
just
review
this
next
item,
then
we'll
give
them
a
second
we've
got
the
definitive
schedule
coming
up.
Has
everybody
been
able
to
look
at
this,
so
we've
got
june
july
september
november.
When
I
joined
this
consortium
we
met
four
times
a
year.
It
sure
seems
like
we
need
a
lot
more
than
that
which
is
fine,
but
you
know,
are
you
aware
of
these
dates
in
your
calendar
and
if
not,
could
you
please
adam
and
christina?
D
D
At
this
time
we
have
reposted
the
home.
I
mean
the
home
arp
position
on
the
city's
website.
Brian
huskey
has
no
longer
working
at
the
city
and
that
position
is
now
open.
D
So
some
of
the
timeline
around
that
is
probably
going
to
have
to
shift
just
because
of
the
amount
of
work
and
community
involvement
would
be
required
to
start
putting
that
plan
together.
So
we
are
going
to
probably
have
to
adjust
that
that
said,
I
don't
know
that
we
have
any
major
agenda
items
pressing
for
the
june
23rd
meeting.
D
Hopefully
not
terribly
significant,
but
you
know
needing
needing
staff
to
help
get
this
done.
Yeah
we
are
going
to,
we
are
going
to
be.
We
are.
E
Go
ahead
robin
I
have
a
suggestion
that
y'all
can
shoot
down
so
steve
and
I
no.
I
was
just
going
to
say
that
sage
and
I
and
people
from
all
of
the
counties
that
are
represented
on
the
consortium
recently.
E
Conversation,
so
I'm
just
wondering
if
we
could
use
those
two
hours
on
the
23rd
to
maybe
just
brainstorm.
A
Is
everyone
familiar
with
the
nclf,
I'm
working
on
a
leadership
forum
and
they've
been
doing
a
topic
I
think
every
other
year
for
about
six
years,
and
then
this
year
they
did
their
first
western
part
of
the
state
cohort
and
it
was
about
30
of
us.
Some
of
you
were
there,
but
we
spent
six
months
kind
of
brainstorming
around
problems.
We
see
in
affordability
and
all
spectrums
of
it
across
all
four
of
our
counties
or
I'm
sorry
more
than
four
other
counties,
and
then
we
all-
and
we
just
kind
of
said
like
now.
A
What
can
we
do?
What
can
we
do?
Let's
brainstorm
ideas,
let's
you
know,
reduce
them
down
to
achievable
ideas,
anyways
our
last
meeting
just
a
couple
weeks
ago,
where
we
all
just
kind
of
summarized
and
said
you
know.
What's
next,
it
came
up
that
we
needed
a
group
that
was
specialized
in
housing
that
had
representation
from
all
these
counties
and
staff
and
policy
board
and
elected
officials
that
just
cur
you
know
what
cared
about
and
worked
on
western
north
carolina,
so
ding
ding
ding.
A
We
were
obviously
pointed
out
and
they
we
hadn't
even
talked
about
the
home
consortium
throughout
this
whole
thing.
So
it's
an
opportunity,
I
think,
for
all
of
us
to
engage
on.
A
I
love
this
idea
that
you
have
robin
where
we
just
get
together
and
say
what
could
this
look
like
an
example
would
be
that
we
thought
about
having
just
an
online
repository
of
information,
what
our
counties
are
doing,
what
our
different
policies
look
like
funding
things
even
like
some
of
what
this
consortium
is
doing,
so
that
you
know
we
can
start
with
ideas
like
that,
but
I
love
that
idea
and
I
doubt
we'll
take
any
formal
action,
so
it
could
just
be
an
optional
meeting
and
of
course
anybody
we'd
all
welcome
you,
but
I'd
like
that,
and
I
would
happily
attend
that
meeting
on
the
23rd
jonathan.
A
D
I
I
think
that
I
think
that
would
be
workable.
I
mean
the
month
of
june
is
busy
for
staff
as
we're
wrapping
up
our
end
of
our
program
year.
So
for
it
to
be
more
of
an
opportunity
for
the
consortium
members
to
to
meet
and
brainstorm
staff
would
be
glad
to
attend
and
take
notes.
But
you
know
past
that
I
don't
know
that
we
have
any
pressing
issues.
If
something
does
come
up,
we
would
definitely
reach
out
and
let
you.
F
Know
and
maybe
work
that
on
to
an
agenda
if
it
was
necessary.
A
Yeah,
okay,
okay,
we're
going
to
keep
it
on
the
calendar.
If
we
find
that
there
are
some
matters
that
we
need
to
handle
and
more
formal
matter,
will
our
manner
will
get
them
out
to
you
ahead
of
time,
just
like
normal
or
you'll
hear
from
me
about
it
robin
great
idea.
Thank
you
any
other
last-minute
comments
or
suggestions
before
we
adjourn
okay.
Well,
thank
you
for
making
this
time
on
your
wednesday
afternoon.
Everyone.
I
hope
you
are
doing
well
and
can
get
back
to
your
day
and
thank
you
so
much
and
we
are
adjourned.