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From YouTube: Housing and Community Development – April 4, 2023
Description
Regular meeting of the Asheville City Council's Housing & Community Development Committee.
Access the agenda and other meeting materials at the City of Asheville website: https://www.ashevillenc.gov/government/city-council-committees/housing-and-community-development-committee/
Participate before and during the meeting on our public engagement hub: https://publicinput.com/Q7438
A
A
We
are
live
great.
Thank
you.
Good
morning,
everyone
I'm
Sage
Turner,
chair
of
the
Housing
and
Community
Development
Committee
I'd,
like
to
welcome
you
to
this
special
meeting
for
Housing
Trust
Fund
application
presentations.
All
council
members
and
applicants
are
participating.
Virtually
we're
streaming
live
on
our
virtual
engagement
Hub,
which
is
accessible
through
the
virtual
engagement
Hub
link
on
the
front
page
of
the
city's
website.
Excuse
me:
we
also
have
an
option
for
the
public
to
listen
live
by
phone
to
do
so.
You
dial.
B
A
C
A
And
trust
fund
I'm.
Sorry,
this
background
noise
I'm
trying
to
turn
that
off
each
project
presentation
will
be
five
minutes.
Applicant
staff
will
notify
you
when
you
have
30
seconds
left
and
when
you
have
reached
your
time
during
today's
meeting
committee,
members
will
have
the
chance
to
ask
questions,
but
there
will
not
be
any
public
comment
today.
So
we
will
hear.
C
A
Developers
we
will
hear
from
staff,
we
will
get
to
ask
questions
and
then
no
public
comment.
Staff
will
give
a
brief
overview
presentation
staff
will
introduce
each
project
and
then
introduce
the
presenter
by
the
organization
name
presenters
if
you
could
keep
your
microphone
muted
and
your
cameras
off
until
you
hear
your
organization's
name
call
that
will
ensure
that
the
presenting
organization
is
present
on
the
screen
again.
This
is
a
special
meeting
for
applicant
presentations.
A
Only
we'll
have
our
regular
Housing
and
Community
Development
committee
meeting
on
April
18th
at
10
A.M,
and
that
is
when
we
will
consider
the
funding,
recommendations
and
allocations,
as
well
as
address
other
HCB
agenda
items.
We'll
be
posting
information
about
that
meeting
on
the
website
about
three
days
prior
to
it.
Okay,
so
before
we
just
jump
in
Sasha
is
going
to
give
us
kind
of
a
brief
overview
ready
Sasha.
Thank
you.
B
Thank
you
good
morning,
councilwoman
I'm,
Sasha,
motinski,
again
affordable
housing
officer,
and
we
are
here
to
give
you
a
quick
overview
of
the
applications
for
this
round
of
the
Housing
Trust
Fund
a
few
key
takeaways
here
this
opportunities.
This
meeting
is
an
opportunity
to
review
projects,
hear
from
applicants
and
ask
questions.
B
We
receive
six
applications
for
this
funding
round
and
staff
will
be
bringing
five
of
them
forward
for
consideration
and
one
was
deemed
ineligible
and
the
total
funding
request
for
the
five
eligible
applications
is
5.255
million
staff
will
be
bringing
recommendations
forward
to
Housing
and
Community
Development
Committee
on
April
18th,
your
next
meeting
and
then
from
there.
The
items
will
move
to
city
council
for
consideration
on
April
25th
and
we've
provided
a
brief
summary
of
each
project
in
the
staff
review
for
your
review.
B
So
just
as
a
reminder
of
the
application
of
the
application
schedule,
we've
been
following,
we
opened
for
applications
back
in
December.
There
was
a
deadline
on
February
10th.
We
had
a
very
quick
overview
of
the
process
last
week
on
March
29th
today
we're
hearing
applications
and
then
I
just
talked
about
the
next
two
steps.
B
So
here's
a
summary
of
eligible
applications
free
the
first
three
we
have
and
we'll
talk
about
these
a
little
bit
more
are
low
income,
housing,
tax,
credit
projects.
All
three
of
these
projects
have
been
before
city
council
for
their
conditional
zoning
hearings
and
approvals,
and
then
we
have
two
smaller
projects:
two
Cottage
projects,
both
being
done
by
Barry
Bialik
of
reasonable
development
and
we'll
talk
about
those
as
well.
B
B
D
Hello,
my
name
is
Brennan
Mahoney
with
Buckeye
Community
Hope
Foundation
Steve
Boone
is
on
as
well
I
believe
you
muted
him
for
him
earlier
on.
Steve.
D
Ahead
Brennan
I'm
saying
thank
you
for
the
introduction
to
our
project.
Like
I
said,
my
name
is
Brandon
Mahoney
with
Buckeye
Community
Oak
Foundation
we're
looking
forward
for
the
opportunity
to
bring
the
7D
senior
affordable
units
to
the
Asheville
market.
We've
submitted
everything
we
know
we
have
and
what
we
can
get.
D
D
E
We're
we're
excited
to
to
work
with
the
city
of
Asheville
I.
E
You
know,
we've
discovered
our
site
was
a
Brownfield
in
late
summer
and
which
increased
the
construction,
environmental
and
Engineering
costs
substantially
and
from
late
summer,
and
when
we
found
out,
we
received
the
award
the
allocation
of
credits
from
North
Carolina
Housing,
Finance
Agency.
E
We
we
did
the
best
we
could
to
plug
the
Rand
to
ride
and
plug
the
funding
Gap,
and
we
discovered
you
know
close
to
having
to
meet
carryover,
that
we
were
substantially
short
and
we're
hoping
to
obtain
the
1.8
million,
as
as
we've
applied
for
from
the
city
of
Asheville,
as
well
as
the
additional
funds
that
we've
applied
for
from
Buncombe
County.
E
A
E
We
we
do
not
have
any
firm
commitment,
letters
from
anybody
other
than
North
Carolina
Housing,
Finance
Agency
for
the
credits
and
their
RPP
loan
of
eight
hundred
thousand
dollars.
We
have
soft
commitments
and
I
know
that
we
can.
We
can
deliver
the
perm
and
the
equity,
as
we
have
presented
in
our
application
to
you.
You
guys
and
I'm
not
sure.
A
Okay,
I
think
you
faded
out
there
for
a
second,
but
I
think
we
I
heard
you
say
that
the
the
foundation
Buckeye
Foundation
money
is
committed.
Was
there
something
else
before
that.
E
That
was
it
so
so
right
now.
In
summary,
we
have
our
a
firm
come
in
the
on
the
RPP
loan
and
the
allocation
of
tax
credits
from
North
Carolina
Housing,
Finance
Agency,
our
permanent
loan
and
our
the
loan
from
you
folks
in
Buncombe
County
have
still
not
been
committed,
and
neither
neither
is
the
equity
at
87
cents
on
the
dollar
but
I'm.
Confident
we
can.
We
can
bring
the
bank
loan
and
the
equity
in
what
we
presented
to
you.
E
We
have
a
problem,
you
know
basically
what
it
does.
Is
it
from
my
understanding.
We've
never
done
a
Brownfield
tonight
before,
but
from
my
understanding
it
basically
gives
you
a
benefit
on
your
real
estate
taxes
right
now
we're
a
501c3
and
under
the
North
Carolina
statute,
we
don't
pay
real
estate
taxes.
E
A
In
this
country,
County
I
guess
this
is
more
of
a
city
staff.
This
is
in
the
same
timeline
that
we're
working
on
now,
right
or.
D
E
E
Have
a
call
similar
to
this
one
tomorrow
with
with
those
folks,
okay,
great
and
they're,
going
to
present
to
I
believe
a
committee
of
city
council
a
week
from
today
and
I
understand
a
final
votes
on
the
25th
as
well.
A
Can
I
ask
you
just
a
kind
of
an
organizational
question
sure
this
can
be
a
little
random?
Have
you
all
done
these
kind
of
projects
before
with
these
loan
Cycles
I've
been
seeing
we're
kind
of
maturing
into
this
process
and
we're
trying
to
look?
You
know
10
and
20
years
out
at
when
money
comes
back
online
and
so
on
and
we've
had
an
athlete
come
back
at
the
20-year
Mark
and
say
well.
Actually,
I
just
need
to
refinance
is
that
y'all's
model
I'm
kind
of
trying
to
Target
like.
E
E
To
be
honest
with
you,
I
think
in
20
years,
go
by
we're
still
going
to
owe
you
quite
a
bit
of
money.
D
E
F
Yes,
I
believe
that,
even
though
pchf
is
a
non-profit,
the
actual
borrower,
once
you
put
together
the
partnership
with
the
lower
cost
and
tax
credits
indicator,
that's
the
taxable
entity.
So
you
may
want
to
check
with
your
attorneys
about
being
qualified
for
the.
F
A
E
Yeah,
certainly
that
would
we
would
certainly
do
that.
You
know
we're
getting
ready
to
to
close
on
a
project
in
Kernersville,
hopefully
a
week
from
today,
and
we
we
have
been
determined
to
be
tax-exempt
even
though
that,
because
the
the
general
partner
is
controlled
by
the
501c3,
we
have
been
determined
that,
even
though
the
partnership
itself
is
a
tax
exempt
entity
to
be
tax
exempt,
I
know
there's
an
application
that
has
to
be
filled
out
and
submitted
for
that
tax
exemption,
which
we
intend
to
do.
A
A
Great
I
know
there
was
a
Steven
I'm,
not
sure
that
I
heard
the
first
name,
but
I
appreciate
you
both
being
here
today
to
talk
about
your
project
and
answer
some
questions
and
at
this
point
we're
going
to
move
on
to
the
next
applicant.
So
you're
welcome
to
stay
on
and
listen,
but
if
you
could
just
turn
your
microphones
and
your
cameras
off,
please
I.
E
A
It
good
job
with
the
technology
goodbye
all
right,
Sasha,
I,
guess.
B
Yeah
yeah,
so
our
next
project
is
reimagining
Diva
view
you
all
are
probably
still
pretty
familiar
with
this
project:
82
units,
rental
apartments,
nine
percent,
low
income,
housing
tax,
credit
project
on
Diva,
View
Road
in
West
Asheville,
the
Housing
Authority
is
the
developer
and
they
are
requesting
1.1
million
thirty
five
thousand
in
Housing
Trust
Fund
financing
and,
as
you
remember
last
may
you
all
approved
1.465
million
in
arpa
funds.
No
excuse
me
housing.
There
are
Bond.
Excuse
me:
affordable
housing,
Bond
money
for
this
project.
B
We
would
be
in
third
lean
position
and
this
project
serves
families
and
incomes
at
30,
50
and
60
percent
of
area,
immediate
income
and
at
the
same
time
you
all
approve
the
funding.
Last
year
you
also
approved
the
conditional
zoning
and
David
Nash
and
Tara
Irby
are
here
from
the
housing
authority
and
I'll
turn
it
over
to
them.
G
Over
the
years
Community
Development,
specifically
Redevelopment,
has
evolved
into
a
stakeholder
focused
Endeavor.
The
work
still
has
to
be
done,
however.
The
work
from
whose
perspective
has
shifted
it
has
changed.
G
What
is
important
and
the
practical
application
of
that
work
is
now
considered
from
the
resident,
the
customer,
the
client's
perspective.
We
no
longer
consider
what
we
believe
to
be
in
the
best
interests
of
the
stakeholder,
but
instead
hear
from
them
directly
as
to
you
know
their
what
they
consider
important
and
we
plan
to
work
around
that.
G
We
consider
this
to
be
a
best
practice
and
we
have
practiced
it
during
the
Redevelopment
of
Maple
Crest
at
Lee
Walker
Heights,
and
are
currently
engaging
with
residents
in
the
same
way
around
the
planning
for
the
Redevelopment
at
div,
review
We
believe
the
resident
is
the
primary
stakeholder
residents
have
been
involved
since
the
early
stages
of
planning
and
continue
to
offer
their
thoughts,
their
insights,
their
desires,
specific
to
architecture,
planning
amenities.
G
G
The
advisory
committee
went
door
to
door
to
talk
with
their
fellow
residents
and
and,
of
course,
they
showed
up
virtually
to
offer
feedback
and
shake
the
work
as
to
how
they
wanted
their
homes.
To
feel
to
look
and
to
be
we,
we
certainly
stand
by
the
fact
that
the
success
of
the
work
will
be
in
large
part
due
to
the
input
and
the
thoughtfulness
of
the
residents.
G
H
Thank
you,
Tara
I
won't
belabor
the
financial
details
we
are
asking.
This
is
the
the
first
time
Buncombe
County
has
received
two
nine
percent
tax
credit
Awards.
The
first
one
is
the
Buckeye
project
that
you
just
heard
about.
Our
award
was
not
a
slight.
It
is
significantly
reduced
nine
percent
award
in
part
because
of
that
fact,
so
it's
not
a
full
nine
percent
and
therefore
requires
a
lot
of
local
match.
H
So
we
are,
we
have
committed
2.5
million
from
Housing
Authority
Reserve
funds
and
the
Housing
Authority
board
has
agreed
to
defer
our
half
of
the
developer
fee
as
part
of
the
project
and
we're
requesting
2.5
million
from
the
city
from
the
county
and
from
Dogwood
Health
Trust
each.
We.
C
H
Asking
for
those
funds
to
be
given
us
grants,
as
you're
award
by
the
city
was
last
last
spring,
and
that
is
what
enables
us
by
holding
that
soft
second
mortgage
to
to
agree
to
Perpetual
affordability,
which
we
also
agree
with
the
city
council,
West
Frank,
so
daily
modification
I
would
request
on
on
this
slide
summary:
is
that
the
one
million
thirty
five
thousand
be
added
to
the
previous
Grant
award
and
as
a
grant
to
the
Housing
Authority,
and
rather
than
being
alone,
the.
H
And
then
just
as
a
reminder
also
for
the
residents,
you
know
we
are
planning
this
in
to
to
be
built.
In
a
a
couple
of
vacant,
mostly
vacant
parts
of
the
property
we
will
have
to
tear
down
our
office
building
and
communities.
We
have
30
seconds
left,
thank
you,
but
this
should
allow
residents
to
relocate
only
once
when
the
new
units
are
complete
and
then
for
us
to
move
on
to
a
phase.
Two
I'll
be
glad
to
answer
any
questions.
I
David,
how
many
habitable
units
are
there
right
now
at
the
review.
H
H
H
H
And
it's
a
nine
percent
award,
but
it's
not
the
full
amount
that
could
have
been
awarded
under
nine
percent.
It's
a
restricted
amount
and
it's
partly
that's
partly
because
we
have
we're
the
second
Grant
in
Buncombe
County
in
the
same
year,
and
partly
because
our
co-developer
MHO
had
another
project
in
Haywood
County.
That
was
in
the
same
cycle.
A
It's
interesting
I've
not
seen
that
happen.
We
didn't
I!
Guess
we
didn't.
We
not
had
that
happen
before
so
we
didn't
know
it
would
so
I
heard
you
I
just
need
to
clear
up
some
numbers
in
front
of
me
because
you
mentioned
the
2
million
from
the
county,
2
million
from
Dogwood
to
me
from
City
or
two
and
a
half
I'm
looking
at
the
the
sources
on
which
is
telling
us
like
how
much
per
unit
and
how
much
percentage
we'd
be
funding
and
those
numbers
aren't
on
there.
A
A
Said
yeah.
B
K
A
A
And
so
I
assume,
because
it's
a
hacker
project,
the
affordability
will
be
in
perpetuity
right,
not
just
like
a
tax
credit
product
I
mean
it's
just
going
to
continue
on
so
I'm
going
to
ask
you
the
same
question.
I
asked
the
previous
group.
So
is
the
plan
here
in
20
years
to
Simply,
refinance
that
money
or
like
why
all
the
Deferred
payments
and.
E
H
Made
clear
in
a
letter
to
the
mayor
on
the
city
manager
in
late
December
that
we
we
do
want
this
extra
money
as
a
grant
and
no,
if
it
has
to
be
a
loan
it,
it
will
have
to
be
refinanced
at
the
end
of
20
years.
I
Behind
that
is
remember
when
they
came
to
us
last
year
requesting
1.465
that
indicated
they
would
come
back,
but
those
funds
came
from
the
bond,
so
it
was
a
grant
and
in
between
that
time
and
now
we
moved
the
bond
funds
into
the
Housing
Trust
Fund,
so
they
had
anticipated
the
when
they
said
they
would
come
back
that
it
would
be
a
grant.
But
we
made
a
change
between
then
and
now
so
basically
he's
asking,
if
I
understand
correctly,
that
we
utilize
what
was
available
to
them.
The
first
time
they
made.
H
Yes,
that
that
we
use
the
same
terms
that
we
that
we
agreed
to
last
spring
when
the
1.465
amount
was
that
it'd
be
a
grant
to
the
Housing
Authority,
that
we
will
loan
to
the
property
that
will
that
large
10
million
dollar
secondary
loan
will
discourage
sort
of
predatory
purchasers
from
attempting
to
purchase
the
property
out
from
under
us
in
the
future
and
and
we'll.
We'll.
Therefore,
allow
us
to
offer
Perpetual
affordability.
B
I
think
in
part
and
also
I,
think
you
know
with
analysis
staff
looked
at
this
and
and
it
looked
like
they
could.
This
was
a
workable
situation
from
from
staff's
analysis,
but.
B
I
believe
it
says
that
Council
can
make
that
decision
to
defer
payments
and
for
those
we
call
them
special
loan
terms
that
they're
available
for
projects
that
are
serving
you
know
substantially
lower
incomes.
So
that's
not
a
problem.
A
Okay,
thank
you,
I'm
just
going
to
try
and
pull
it
up
and
find
it
because
I
couldn't
remember.
Okay,
that
was
all
of
my
questions.
A
B
H
My
understanding
yes
we're
we
are
in
the
current
cycle
and
and
we
have
the
same
930
from
the
county.
We
have
the
935
000
that
they
committed
last
spring
still
committed.
H
So
our
request
to
them
is
to
increase
that
to
to
increase
that
Grant
to
2.5
million
same
as
we
are
for
the
city,
and
we
have
a
Grant
application
into
Dogwood,
Health
Trust
as
well.
We
have
asked
them
to
make
that
as
a
grant
not
alone
to
the
project.
H
H
I
hope
not,
but
you
know,
construction
costs
and
and
entry
trades
keep
going
up.
So
you.
A
And
one
last
thing:
I
saw
that
hacker
decided
to
defer
its
development
developer
fee
I
appreciate
those
efforts
to
I
know
it's
not
ideal,
but
that's
all
my
questions
any
other
questions
or
comments
from
councilwoman
on
this
particular
applicant.
A
B
So
our
next
project
is
Fairhaven
Summit.
This
project
has
77
units
on
Sweden
Creek
Road
in
South
Asheville.
It
is
also
a
nine
percent
low
income,
housing
tax
credit
project-
it
was
approved
in
the
previous
year,
so
in
2021
and
2022
were
the
other
two
Redwood
and
d
review,
the
developers
Commonwealth
Development
Corporation,
and
they
are
requesting
500
000
in
Housing,
Trust
Fund
financing.
B
B
I
will
also
note
that
this
project
is
planning
or
they
have
applied
for
a
luige
which
adds
additional
yes,
and
no
it
really.
Basically,
it
gets
complicated
here
and
I
didn't
necessarily
mean
to
go
into
this,
but
I
I
do
feel
like
we
have
to
be
upfront
about
it,
so
it's
all
about
the
tax
tax
payments.
So
you
know
many
of
these
developers,
as
you
heard
earlier,
have
non-profits
that
run
these
developments
and
they
expect
to
get
that
exemption
from
the
county
to
be
taxed,
to
be
exempt
from
their
taxes.
B
So
what
that
means
is
you
have
to
pay
County
taxes,
so
I've
looked
at
their
numbers,
we
will
be
coming
back
in
in
April
on
April
18th.
When
you
all
are
looking
at
all
these
Awards.
We
will
also
have
that
Luigi
in
front
of
you
and
they're.
You
know
that's
a
little
bit
of
a
separate
conversation,
but
if
the
Luigi
was
awarded
at
full
value,
it
would
be
around
a
million
dollars
total
plus
this
500,
which
would
be
1.5
million,
and
what
they're
asking
from
the
county
totals
up
to
about
1.5
million.
B
So
in
a
way
it's
it's
really
a
tool
to
allow
them
to
be
tax
exempt
for
the
city,
but
they'll
be
paying
County
taxes.
So
I,
don't
I
didn't
mean
to
go
down
that
rabbit
hole
but
I
I'm,
sorry,
I
did
I
did
do
it
and
that
that's
all
I
have
right
there
about
that.
I
can
I
know.
Sean
Brady
is
here
with
Commonwealth.
B
Is
not
a
new
thing
just
because
I
didn't
know
that
and
they
apparently
had
discussions
for
the
affordable
housing
Committee
of
the
commission
recommended
to
the
entire
commission
that
they
changed
that
policy
and
allow
you
know
projects
like
this
to
go
ahead
and
be
tax-exempt.
The
entire
commission
turned
that
down
so
wow,
okay,
fascinating.
L
Great
thank
you
for
the
opportunity
to
present
my
name
is
Sean
Brady
I'm,
the
vice
president
of
development
at
Commonwealth,
Development,
Corporation,
yeah
and
especially
there's
a
lot
of
moving
Parts,
especially
on
2021
Awards,
which
were
underwritten
back
in
the
the
days
when
interest
rates
were
low
in
construction.
Pricing
only
increased
about
five
to
ten
percent
a
year
and
in
our
particular
case,
our
final
bit.
Pricing
is
more
than
a
40
increase,
and
so
we've
been
working
very
hard
since
then
to
try
to
plug
those
funding
gaps.
L
As
as
Sasha
mentioned,
as
a
2021
award,
we're
100,
affordable,
we've
agreed
to
a
31-year
affordability
period.
We
have
been
approved
by
Council
and
we
have
purchased
the
land
last
year
as
well.
L
One
of
our
efforts,
I'll
mention
here
in
just
a
second
though
we
we
are
going
back
before
Council,
either
later
this
month
or
for
or
next
month,
for
a
modification
request.
We
do
have
several
advantages
on
this
project.
Our
funding
gap,
which
has
been
the
biggest
challenge,
is
nailing
it
down
is,
is
now
known.
We
have
hard
bid
pricing
from
Weaver
cook
on
the
project
and
we've
been
staying
in
touch
with
him
and
the
the
numbers
are
holding,
which
is
great.
L
We
also
hold
firm,
Equity
commitment,
which
right
now
is
actually
above
Market.
We
have
91
Cent
pricing
from
Bank
of
America.
My
current
market
right
now
has
dropped
to
the
mid
80s
on
credit
pricing,
and
you
know
we've
we've.
L
We
are
because
of
a
nonprofit
in
our
ownership
structure,
our
tax
exempt
eligible,
but,
as
Sasha
mentioned
the
County's
policy
on
forbidding
that,
where
you
know
honestly,
we've
secured
that
in
multiple
other
counties
throughout
the
state
has
reduced
our
our
loan
proceeds
increased
our
funding
Gap
and
you
know
if
that
policy
was
changed.
It
would
reduce
our
our
funding
request.
We've
done
a
couple
big
things.
L
We
we
do
hold
a
commitment
of
Home
funding
from
the
Regional
Housing
Consortium,
as
well
as
a
a
funding
commitment
already
from
the
county.
We
are
requesting
some
additional
money
from
the
county.
We've
tried
to
minimize
our
funding
requests
from
both
the
city
for
the
Housing,
Trust,
Fund
and
also
from
the
county.
We've
done
several
several
significant
things:
the
Asheville
Housing
Authority
has
approved.
L
Excuse
me,
Project,
based
value
years
on
25
percent
of
our
units
and
I
believe
HUD
has
approved
that
that
enabled
us
to
increase
our
permanent
loan
proceeds
by
a
significant
amount.
I
think
it
went
from
about
seven
million
dollars
to
9.8
million
and
and
greatly
reduced
our
our
Gap
and
then
also
we've
gone
through
a
major
site
redesign,
which
is
the
reason
for
going
back
before
City
Council
in
the
next
month
or
two.
L
We
worked
with
our
general
contractor
to
redesign
the
site
saved
about
a
million
and
a
half
dollars
on
our
construction
cost,
but
in
doing
so
we
increase
the
height
of
our
retaining
walls,
who
are
going
back
for
Council
for
an
improvement
on
that
we
have
gone
through
the
closing
process.
We
are
scheduled
to
close
in
July,
assuming
we
can
plug
our
last
remaining
funding.
Gap,
and
one
thing
I
did
want
to
mention-
is
on
the
loan
terms.
L
L
If
we're
able
to
do
that
rather
than
just
deferring
all
of
the
the
payments
I'm
not
sure,
if
that's
an
option
or
not,
but
we've
done
that
at
a
number
of
other
municipalities-
and
you
know,
would
hopefully
preclude
the
need
to
do
a
massive
loan
repayment
at
the
end
of
the
end
of
the
term.
As
long
as
those
aren't
hard
debt
payments,
so
it
doesn't
reduce
our
permanent
loan
proceeds
and
you
know
so
anyway.
So
that's
basically
where
we're
at
I
mean
the
the
project.
L
It's
been
a
it's
been
a
hard
struggle.
I
think
we're
the
only
nine
percent
award
in
21
in
in
Asheville
and
everything
in
the
financial
markets
and
construction
industry
changed
on
us
significantly
and
rapidly
after
that,
and
we've
worked
very
hard
with
City
staff
and
local
general
contractor,
as
well
as
a
number
of
funding
Partners
here
in
the
community
and
then
and
and
worked
as
hard
as
we
could
to
close
that
Gap
through
as
many
means
as
possible
and
so
we're
just
about
there.
L
A
I
have
reviewed
this
a
number
of
times
in
different
boards
and
consortiums
so
I'm,
okay,
so.
H
We
are
moving
forward
with
project-based
vouchers
for
a
certain
number
of
units
and
I
just
want
to
clarify
that
it
has
not
been
finally
approved
by
Hub.
Hub
did
approve
our
an
increased
capacity
for
for
product
against
vouchers,
which
will
allow
us
to
move
forward,
but
there
is
one
more
step
that
Sean
still
has
to
go
through
with,
which
is
the
subsidy
way
right.
I.
E
H
To
say
that
you
know
we
do
have
an
opportunity
this
year
to
to
proceed
forward
with
four
different
tax
credit
projects,
including
this
one
and
Steve
review,
and
it
is.
It
is
an
opportunity
to
have
a
pretty
significant
impact
on
the
amount,
affordable
housing
that
we
have
in
this
community.
So
especially,
we
do
support
all
of
them.
So.
A
That's
great
David,
so
I
just
heard
you
say
something
prompted
a
question
in
my
mind
when
so
all
of
your
project-based
vouchers,
you,
if
you
want
to
grow
the
capacity
for
them
as
if
you
don't
have
any
you
can
do
you
have
to
go
back
to
HUD
and
get
approved
for
more.
Is
that
what
I
heard.
H
H
A
B
Sure
this
next
project
is
Stewart:
Street
Cottages,
it's
10,
affordable
units,
home
ownership,
so
different
model
than
what
we've
been
looking
at
so
far.
Stuart
Street
is
in
West
Asheville,
the
developers
reasonable
Development,
LLC
and
Barry
Bialik
is
here.
The
request
is
one
million
52
000
from
the
Housing
Trust
Fund,
and
it's
a
it's
a
little
bit
more
complicated
structure
to
the
financing.
B
So
it's
a
three-year
term
and
that's
in
my
mind,
that's
like
a
construction
loan,
two
percent
compounding
annually
and
then
a
portion
of
that
loan
would
be
repaid
from
home
sale
proceeds
and
then
another
portion
is
used
as
down
payment.
Assistance
for
homeowners
and
Barry
can
talk
a
little
bit
more
about
that.
The
population
served
as
families
and
income
served
as
60
80
and
100
Ami
and,
if
you'll
remember
in
our
Housing
Trust
Fund
policy
for
home
ownership,
it
allows
you
to
go
up
to
100,
Ami
and
I.
B
Believe
Barry
has
some
kind
of
zoning
approval,
but
we
need
to
yeah
it's
it's
a
buy
right,
I,
believe
it's
a
buy
right
development.
So
it's
maybe
that's
what
it
doesn't
have
to
go
to
council
or
Planning
and
Zoning,
or
anything
like
that
and
I
will
turn
it
over
to
you.
Barry.
M
Great
well,
thank
you
for
doing
this
and
hearing
us
all
out
just
want
to
share
a
little
bit
about
this.
You
know
obviously
I've.
You
know
I've
been
on
the
affordable
housing
committee
for
for
many
years,
and
this
is
the
first
time
I've
I've
ever
brought
a
city
funded
application
to
the
table.
M
I
always
wanted
to
wait
until
I
was
about
ready
to
roll
off
committee,
so
it
always
felt
cleaner,
so
but
I'm
learning
I'm
using
this
property
I
acquired
in
2016.,
so
I'm,
basically
using
almost
I'd,
say
everything
I've
learned
from
my
time
on
the
committee
for
how
to
provide
the
elusive,
affordable
housing.
So
this
and
I
you
know,
one
thing,
I
always
say
too
is
like
affordable
housing
takes
all
of
us,
giving
in
a
little
bit
to
make
this
work.
M
And
my
you
know
my
goal
is
to
how
to
help
more
private
developers,
small
ones
how
to
do
more
projects
like
this.
So
with
this
you
know
one
of
the
things
I'm
really
sharing
in
this
is
I.
I
bought
I
acquired
this
land.
It's
an
acre
it's
across
from
Pisgah
view
in
West,
Asheville
I
acquired
it
in
2016
at
a
pretty
low
basis,
so
I'm
sharing
that
basis
to
make
this
project
work
that
low
basis.
M
So
what
I'm
proposing
is
this
is
a
buy
right.
So
I've
already
divided
this
into
five
separate
Parcels
I've
got
sewer
approval.
This
is
pretty
much
like
a
ready
to
permit
kind
of
project,
so
this
would
be
creating
10
homeownership
opportunities,
and
this
it's
kind
of
laid
out.
As
you
see
three
driveways
coming
in
each
driveway
is
serving
you
know,
a
couple
houses,
so
these
would
be
freestanding.
Two-Bedroom
houses
next
slide,
please
so.
My
goal
for
this
is
obviously
affordable,
homeownership,
which
has
been
always.
You
know
hard
to
do.
M
I'm
also
proposing
about
two.
You
know
one
to
two
of
the
units
be
reserved
set
aside
for
Community
Heroes
for
police
officers,
firefighters,
something
like
that.
Maybe
we
can
use
that
as
recruiting.
You
know,
recruiting
benefits,
I,
think
that's
an
important
part
of
the
project
and
then
also
to
you
know,
use
down
payment
assistance
down
payment
assistance
was
one
of
the
original
goals
of
the
bond.
M
M
Okay,
next
slide,
please
so
how
we're
going
to
accomplish
this
is
Low
Land
basis,
I
acquired
this
site,
so
it's
an
acre,
I
acquired
it
for
a
hundred
thousand
dollars,
which
you
know
you
can't
do
anymore
so
I'm
willing
to
share
my
basis
rather
than
kind
of,
sell
this
and
make
a
more
expensive
Project
Share
my
low
land
basis
project
to
make
this
affordable
for
others.
M
Other
thing
we're
going
to
do
is
construction
efficiency.
You
know,
I
build
a
lot
of
houses.
We've
set
up
and
building
a
prefab
Factory
in
town,
which
means
I
can
off-site
fabricate
walls.
We
have
a
crane
to
set
them
in
place.
We
build
fast,
but
this
also
brings
our
costs
down,
which
that
you
know
one
thing:
I
wanted
to
note:
our
average
completion
cost
for
these
units.
If
you
take
our
total
project,
I
was
looking.
I
was
looking
this
up.
M
Our
average
cost
for
this
site
for
completed
units
with
land
and
everything
per
unit
is
224
thousand
dollars
and
I.
Think
all
of
the
other
projects
I
haven't
I.
Did
the
quick
math
on
the
projects
today
and
those
even
those
are
275
to
296
000
per
unit,
so
just
wanted
to
kind
of
share
how
How
Low
Land
basis
and
how
efficiency
of
construction
and
smaller
developers
have
less
overhead,
how
we
can
kind
of
produce
houses
for
Less
cost.
Another
thing
we're
going
to
do
is
a
Housing
Trust
Fund
loan.
M
You
know
we're
proposing
a
loan
which
is
a
little
outside
of
normal
loan
terms.
It's
a
it's
a
larger
percentage,
but
of
the
million.
You
know
it's
approximately
a
million
dollars
we're
proposing
five
hundred
thousand
dollars
of
that
to
be
used
as
down
payment
assistance
for
the
buyers
next
slide.
Please
and
our
goal
is
you
know
who
to
live.
There
is
actually
to
work.
You
know,
I've
had
a
meeting
with
David
and
I
think
it
was
Brandi
when
she
was
still
there
about
actually
working
with
those
who
are
on
the
housing.
M
Choice
doctor
family
program
going
for
home
ownership.
How
to
work
with
them
to
identify
them
start
with
them
now,
so
the
path
is
there,
so
they
can
own
these
homes,
police
officers
and
Community
Heroes,
first-time
homebuyers
and
families
of
the
maximum
100
Ami
and
I'm,
proposing
I.
Think
in
some
of
the
specifics
you
know,
I've
proposed
that
the
down
payment
assistance
would
be
used
like
we
kind
of
scale
it
more
more
down.
M
Do
I
have
another
slide
represent
on
to
the
next
one.
Okay,
no
I,
think
that's
it
any
questions
for
me.
A
I
have
a
few
you
answered.
One.
The
voucher
program
into
mortgage
payments
is
really
intriguing,
I,
don't
think
it's
ever
been
done
here,
even
though
it's
an
option-
and
maybe
this
is
a
staff
question
I,
feel
like
we
have
used
the
HTF
in
the
past
to
try
and
Achieve
home
ownership
projects.
But
then
those
projects
came
back
as
rescinded
or
withdrawn.
So
has
the
hcf
actually
ever
created
any
home
ownership
opportunities?
Yet.
A
Awesome,
thank
you.
So
let
me
see
if
I
track
this
right,
so
you
would
get
a
loan,
but
you'd
pay
half
of
it
back
in
three
years,
correct
and
then
the
other
half.
You
would
then
still
the
development.
The
reasonable
development
would
still
be
on
the
you
guys
would
owe
the
500
000,
but
you'd
be
loaning
it
out
to
your
new
buyer.
So
if
they
default,
it
comes
back
to
you.
I'm
just
wondering
about
the
security
of
the
transaction.
Like
is
this
a
this
can
happen.
This
way.
Are
we.
M
You
know
I,
think
you
know,
I've
got
two
projects
that
we're
you
know
you're
here.
My
next
project
is
and
it
the
next
step
and
it's
and
it
proposes
the
same.
You
know
same
kind
of
method
and
I
think,
depending
on
how
those
two
go
and
the
the
size
of
the
load
pool
is
whether
we
actually
look
to
partner
it
with
someone
like
Mountain
housing
or
someone
else,
or
we
we
actually
create.
M
You
know
create
this
and
work
with
the
nonprofit
to
hold
it
like
I,
think
I
think
once
we
kind
of
get
through
the
details,
we'll
figure
out,
if
we're
actually
going
to
administer
this
or
not
I've
done
this
by
you
know:
I've
I've
administered
the
these
and
we've
worked
in
through
some
underwriting
how,
as
an
employer,
there's
a
lot
of
guidelines.
How
is
it
like?
We
can
do
employer
subsidized,
so
I
think
once
we
once
we
kind
of
move
to
the
next.
M
A
M
M
You
know
it's
I
think
it
was
about
200
and
I.
Think
I
think
my
number
was
about
240
something
thousand
dollars.
M
Just
trying
to
well
I
think
actually
I
think
some
will
take
in
some
of
the
performance
of
people.
You
can
look
through
I
think,
depending
on
the
Ami,
some
will
take
more
and
then
I
think
there
will
be
a
little
bit
of
a
discussion
if,
if,
when
we
discuss
for
the
community
heroes
in
the
police
department,
if
there's
some
kind
of,
if
we
want
to
allow
some
of
that
down
payment
assistance
to
go
up
to
the
100,
Ami
I
think
there'll
be
definitely
some
further
negotiations
on
that
down
payment
assistance
needed,
but
overall
I'm.
M
I
I
was
just
going
to
comment:
I
actually
love
this
model
and
I'm
curious.
But
then
you
answered
the
question
I
had
in
your
response
about
down
payment
assistance,
because
I
was
going
to
ask,
would
there
be
any
conditions
that
would
prevent
immediate
resale
at
a
higher
market
rate,
but
to
basically
said
it
depends
on
who
you
work
with
and
y'all
would
work
that
out,
but
I
love
this
idea
by
the
way.
Thank
you.
A
Yeah
I
think
I'm
going
to
have
more
questions
as
it
sets
into
my
brain.
Okay,
I
almost
called
advice,
mayor,
councilwoman,
Smith,
okay,
thank
you,
Barry
for
being
here
did
I
hear
you're.
Also
the
next
I.
M
A
Okay,
yeah,
okay,
I,
knew
that
one
I
didn't
know
you
were
seriously
okay,
great!
Thank
you.
Let's
Sasha
do
we
need
you
to
do
this
or
does
Barry
just
go
in
or.
B
Well,
just
to
be
consistent,
so
the
next
project
is
Oak
Hill
Cottages,
42
units,
total
20
are
affordable.
Eight,
moderate
income,
so
20,
affordable
means
below
80,
80,
Ami
or
below
80.
Moderate
income
is
the
100
Ami
or
below,
and
then
14
market
rate.
B
These
are
also
in
West
Asheville,
Oak,
Hills
off
of
new
Leicester
Highway,
and
the
request
is
for
868
000
in
Housing,
Trust,
Fund,
financing
and
they're.
Also,
this
is
on
City
on
land
and
their
request
in
berries
requesting
a
discount
on
on
that
land.
Sales
price
as
well
again,
three-year
loan
term
same,
is
very
similar
to
the
Stuart
Street.
B
B
The
city
would
have
to
give
permission
for
for
that
to
move
forward
so
and
how
yeah,
and
as
it
was
noted
in
the
staff
report,
that
we
do
have
a
policy
around
City
only
and
for
affordable
housing,
and
unless
city
council
decides
to
do
a
different
process.
Our
usual
process
is
to
have
an
RFP
out
for
City
on
land
and
entertain
different
proposals.
Really
I
will
turn
it
over
to
Barry.
M
Here
again,
so
I'll
give
you
a
quick
background
about
it.
I
mean
I,
think
a
lot
of
you
know
about
Oak
Hill,
but
I'm
just
going
to
kind
of
share
some
of
the
history
of
this
land.
This
is
a
you
know:
city-owned
parcel
of
land.
It
was
purchased
by
the
city
of
Asheville
in
2018
for
450
000.
M
The
site
was
purchased
from
a
developer,
who
had
planned
to
do
an
affordable
housing
development
on
that
years
prior
when
he
was
not
able
to
make
that
work,
the
land
was
listed
for
solicit
for
sale
sold
to
the
city
once
it
was
owned
by
the
city.
There
was
a
memorandum
of
understanding
put
in
place
to
do
an
80
unit,
affordable,
Supportive,
Housing
Development,
with
Homeward
Bound,
once
the
city
ordered
the
Environmental
Studies
on
the
property.
M
The
reports
came
back
with
findings
that
made
the
site
remediation
and
some
of
the
environmental
concerns
and
very
deep
fills,
not
doable
so
that
developer
backed
out
of
the
property.
M
So
the
cities
you
know
in
2019,
Homeward
Bound,
pulled
out
of
it
and
it's
been
kind
of
sitting
in
City
inventories
since
then,
and
they
had
proposed
a
much
denser
development
and
that's
kind
of
why,
even
though
this
is
a
larger
site,
I'm
proposing
42
units
to
kind
of
work
with
the
limitations
of
the
site,
I'm
very
familiar
with
the
area
I'm
developing
across
the
street
I've
owned
that
person,
the
person
across
the
street
I've
owned
for
16
years
and
I'm
developing
that
right
now
so
I'm
very
familiar
with
the
area
and
there's
some
definitely
construction
efficiencies.
M
You
know
being
in
the
area
that
would
help
I
have
had
a
early
assist
meeting
with
the
with
the
city
on
this
parcel
on
this
29
Oak,
Hill
and
overall,
you
know
they've
shared
this
site
plan
with
them.
You
know
they
seem.
It
should
be
a
pretty
easy
to
move
through
process.
M
So
it's
you
know
it's
a
little
bit
different
about
this
is
there
is
you
know,
I
am
asking
for
the
city
to
sell
me
to
sell
the
land
and
reduce
cost
I'm
asking
for
Housing
Trust
Fund
loan,
and
this
is
a
mixed
project.
So
there's
two
different
performers.
If
you
go
through
the
package
of
the
42
units,
16
are
for
sale
and
what
is
the
balance?
What
is
that
20?
The
balance
of
them
are
rentals.
So
this
this
is
the
mixed
rental
and
for
sale
Community.
M
So
the
goals
are
affordable,
home
ownership,
affordable
rentals
and
then
the
same
homes
for
police
officers
and
Community
Heroes
I
plan
to
set
aside
two
to
two
so
the
units
for
rentals
or
for
ownership-
and
you
know
the
other
goal
I
think-
is
really
having
a
healthy
mixed
income
Community.
That's
what
I
like
to
develop
that
kind
of
happen
more
organic
that
way,
and
it
also
helps
for
the
market
rate
to
subsidize
the
affordable
next
slide.
Please.
M
So
again,
tools
to
accomplish
so
the
city,
the
site,
basically
I'm,
asking
to
be
sold.
You
know
at
a
discounted
price,
I
think
I
put
fifty
thousand
dollars
as
a
purchase
price,
and
that
comes
from
knowing
the
remediation
that's
required
for
the
site.
So,
rather
than
have
the
city
do
the
work
on
remediation
and
then
sell
it
and
basically
kind
of
have
an
idea
what
that
remediation
would
cost
I've
got
that
budgeted
in
and
then
I
would
take
care
of
that
again.
Other
tools
are
construction
efficiency.
M
We
would
be
using
our
our
construction
model.
We
can
offsite
fabricator
houses,
build
fast,
I,
just
completed
a
similar
shot
project,
I'm
just
completing
my
Atkins
project,
which
was
42
homes.
Some
of
you
have
been
through
that.
So
you
know
we
have
the
bandwidth
and
ability
to
pull
the
stuff
off
asking
for
a
Housing,
Trust
Fund
loan
for
construction
and
also
then
some
of
that
to
roll
over
for
for
down
payment
assistance
and
then
some
of
that
Housing
Trust
Fund,
actually
would
remain
for
the
rental
portion.
M
M
You
know
there
are
some
vouchers
units
set
aside
for
rental
police
officers
and
Community
Heroes
and
then
to
really
offer
you
know,
kind
of
that
that
lower
and
middle
income
residents
who
are
wanting
to
wanting
to
buy
and
rent
that
we
can
provide.
M
You
know
homeownership
and
Rental
opportunities
for
the
people
that
are
having
such
a
hard
time.
Finding
it
now-
and
you
know,
my
goal
is
for
the
whole
project
and
the
project
have
maximum
100
Ami.
M
So
that's
it!
You
know
the
big
the
big
ask
on
this,
which
is
you
know
different,
is
that
you
know
is
the
land?
Is
the
land
grant
in
that
sets
a
different
process
that
wasn't?
You
know,
I've
asked
what
the
application
process
is
like
for
that.
So
we'll
have
to
you,
know
I
guess
we'll
it
is.
It
is
key
to
this
like
it.
The
same
way
on
my
Stewart
Street
property
I'm
willing
to
share
my
like
to
make
this
work
I'm
using
my
my
land
basis,
they're
purchasing
a
property.
M
You
know
six
years
ago
to
make
this
work.
It's
the
same
thing,
I'm
kind
of
asking
here.
The
city
to
you
know,
help
support
to
make
this
project
work
by
you
know,
selling
a
reduced
amount
overall,
you
know
I,
think
I
think
this
is
the
you
know
very
Innovative
and
creative
approach
to
developing
a
city-owned
parcel
that
has
no
current
development
path
and
we,
you
know,
ultimately
provide
be
providing
affordable
rental,
housing,
affordable
home
ownership,
opportunities
down
payment,
assistance
to
buyers
and
homes
for
local
community.
Heroes
me
out
open
to
questions.
A
Thank
you,
Mary
gosh,
third
time.
Maybe
it's
a
charm
on
this
site.
I
have
always
recall.
This
is
one
of
our
more
problematic
sites.
So
I
want
to
clarify
something
because
you're
the
document
I'm
looking
at
says,
the
request
is
for
the
land
to
be
sold
for
187,
500
and
Yen.
You
said
50
000..
What
is
the
request.
M
I
think
I
think
that
that
another
question
is
for
50
is
to
buy
the
land
for
fifty
thousand
dollars.
I
think
what
you're
seeing
for
the
187.5
is
I
had
proposed.
That
is
essentially
what
I
put
in
is
the
land
grant
amount
for,
and
one
I
put
it
on
the
line
item
for
rental
and
for
assistance.
So
if
we
look
at,
if
we,
if
we
assume
the
value
is
420,
something
thousand
dollars
you
know
about,
375
is
what
the
land
grant
amount
would
be.
That's
where
that's
where
those
numbers
come
from.
Thank.
A
You
and
then
I
was
trying
to
get
Sasha
before
you
started
and
I
think
I
was
on
mute,
but
Sasha
talk
to
me
a
little
bit
about
City
policy
here
so
I
know.
In
the
past
we
have
there's
a
state
statute
that
allows
us
to
do
this,
that
the
city
can
go,
do
a
direct
sale
of
land.
If
there
is
a
commitment
to
produce
something
like
24
20
of
the
project
is
Affordable
I
can't
remember
the
details.
A
I
know
we
did
it
on
Broadway
and
then
I
think
recently
we
reviewed
another
one,
but
that
we
also
have
this
land
disposition
policy
out
there
that
we
adopted
a
couple
years
ago
when
we
were
looking
at
the
high
impact
sites.
So
where
does
this
fall
in
process?
Is
this
the
right
process
that,
if
a
developer
wanted
to
buy
city-owned
land,
the
first
thing
they
would
do
is
come
to
this
committee.
B
A
B
B
We
don't
really
have
it
outlined
in
a
way,
I
mean.
Ideally,
we
do
an
RFP
I
mean
you
know.
We
get
approached
for
land
all
the
time
right
frankly
and
oftentimes
people
want
to
add
to
their
backyard,
or
you
know
this,
and
you
know,
there's
all
kinds
of
little
requests
that
happen,
and
you
know
we
have
the
this
is
obviously
not
urban
renewal
land.
So
we
don't,
it
doesn't
fall
under
that
kind
of
moratorium
that
we
have
early
staff
wants
to
put
put
these
out
for
RFP.
B
We
want
to,
you
know,
have
a
process
we
want
to
hear
from
the
community
about
what's
appropriate,
we
want
you
know.
Ideally,
Council
would
set
some
goals
for
the
property
like
we
think
this
should
be
homeownership,
or
we
think
this
should
be
this
or
this
is
actually
a
great
place.
To
put
you
know,
whatever
I
mean
I'm.
A
E
A
I
I,
don't
remember,
but
my
question
was
along
the
lines
of
I
know:
we've
decided
to
do
Housing,
Trust
Fund
one
time
a
year
to
coincide
with
the
county.
I
wonder:
is
there
room
for
us
to
do
a
special
call,
Housing
Trust
Fund
analysis
to
give
us
time
to
go
through
the
very
process
that
Sasha
you
just
mentioned,
meaning
like?
Could
we
look
at
this
later
and
actually
do
the
RF
and
then
Circle
back
with
a
decision
related
to
Housing
Trust
Fund.
K
I'm
sorry
I
do
remember
when
the
city
decided
to
buy
this.
It
was
just
the
idea
that
this
was
going
to
be
an
affordable
housing
development
and
the
developer
offered
it
to
the
city
that
400
000
price
may
have
been
a
little
bit
below
Market
at
the
time,
and
we
just
I
think
that
the
city
just
decided,
as
as
we
were,
building
this
relocation
policy,
which
specifically
I
believe
Sasha,
mentions
this
parcel
along
with
several
other
Parcels,
not
all
city
land.
It
has
been.
It
falls
under
this.
K
This
re
this
policy
to
put
out
the
RP.
It's
it's
the
parcels
that
the
city
owns
that
could
be
used
for
affordable
housing
development.
So
that's
what
I
recall
is
that
this
Oak
Hill
property
we
bought
it
just
because
we
thought
that
will
we
could
use
that
for
affordable
housing
at
some
point
and
the
only
other
thing
I
want
to
mentioned
Sage.
You
were
correct
and
I've
talked
to
Barry
about
this.
K
If
it
were
decided
to
not
follow
or
what
do
we
call
it
Sasha,
it's
the
locate
gets
the
affordable
housing,
sale
disposition
policy.
F
K
That
I've
told
him
that
this
you
can't
just
give
city
land
away
even
and
you've
not
really
supposed
to
just
sell
it
at
below
Market
you
have
to,
if
you're
going
to
do
it
for
affordable
housing
to
a
private
developer
20-
and
this
is
for
multi-family,
so
I'd
have
to
understand
the
deal
a
little
bit
better,
but
20
of
the
units
have
to
be
affordable
to
those
at
60
of
Ami
for
at
least
15
years
and
in
similar
projects
for
multi-family
we've
been
getting
sometimes
more
than
the
20
to
60
percent,
certainly
longer
than
15
years.
K
We've
got
it
for
30
years
50
years,
and
so
I
just
want
to
point
that
out.
That
would
be
part
of
the
special
two
separate
processes.
I
see
one.
Is
this
Housing
Trust
Fund
award?
Should
you
decide
to
do
that?
The
other
decision
is
whether
to
not
follow
the
policy.
The
third
decision
is
is
about
how
to
sell
the
property.
I
A
Which
is
a
lot
to
do
by
the
when
we
say
19th,
okay,
I
think.
That's
all
my
questions.
I
want
to
say
that
I'm
intrigued
by
the
creativity
of
this
project
and
the
potential
outcomes,
the
homeownership
and
affordable,
rentals
and
I.
Think,
like
you
said,
you
have
a
project
adjacent,
so
it's
kind
of
developing
a
neighborhood
up
there,
but
I'm
a
little
torn
about
the
process
of
getting
from
A
to
B
in
the
city
of
land
piece.
If
you
were
just
buying
a
piece
of
private
land
and
came
to
us.
A
This
looks
great,
but
the
city
on
land
is
complicating
in
a
little
bit.
So
that's
all
I
have
my
questions
about
this
one
today.
Another.
J
Person
to
the
city
have
this
piece
of
land,
because
if
my
memory
serves
with
me
correct,
nobody
could
build
on.
A
B
2018.,
it
was
bought
with
I
think
actually,
it
was
bought.
I
I
did
look
this
up
on
the
power
down
2017
and
when
it
was
bought
with
bond
funds
and
and
the
bad
soils
comment
just
to
make
sure
this
is
clear.
It
means
you
can't
put
like
a
big
multi-story
structure
on
it.
So
it's
partly
about
the
weight
resting
on
the
soil.
A
This
is
actually
a
really
creative
adaptive
use
of
creating
a
home
ownership
out
of
this
piece
of
land.
That's
been
kind
of
left,
unsure
of
what
we're
going
to
do
with
the
other
proposal.
I
had
heard
on
it
before
this,
which
was
a
couple
years
ago
and
didn't
come
all
the
way
to
committee
and
stuff
was
to
rezone
it
to
allow
mobile
homes
there
and
allow
those
mobile
homes
to
be
there
as
affordable
housing,
because
there
wasn't
there
just
wasn't
much.
You
can
build
there.
A
M
M
Think
you
know,
part
of
the
city's
intent
at
the
time
was
to
partner
with
Homeward
Bound,
to
do
that
project
and
then
once
the
the
environmental
was
done
and
that's
a
report
I,
you
know
read
through
it's
pretty
significant
and
that
you
know
it
just
made
the
numbers
not
work,
and
it's
one.
That's
you
know
again,
it's
just
this
parcel
been
kind
of
overlooked
and
overlooked
and
overlooked,
and
that's
why
I
thought
with
the
you
know
there
was
an
opportunity
from
and
designing
designing
within.
M
The
state
policy
is
what
I
tried
to
do
with
this
I
was
aware
of
the
20
of
the
units
at
60.
That's
why
I
do
have
rental
units
proposed
that
would
make
that
work,
so
I'm
prepared
to
comply
with
with
that.
L
M
And
this
was,
you
know
like
this
was
from
that
policy
change
if
the
policy
had
not
changed,
but
you
know
the
policy
changed
after
this
property
was
purchased
and
then
there
were
some
people
looking
at
it,
and
so
this
you
know
this
I
was
just
saying
it.
You
know
it
was
it
was
it
kind
of
this.
M
This
proposal
would
have
worked
before
the
policy
change
when
the
site
was
acquired,
so
but
yeah
I'm
trying
to
just
look
at
this
parcel
and
try
to
come
up
to
something
that
works
and
knowing
that
it's
one,
that's
just
been
sitting
there
and
hasn't
been.
You
know,
really
hasn't
been
mentioned
with
anything
in
any
affordable
housing
project
and
I,
couldn't
think
the
past
three
or
four
years.
A
I
have
got
to
say,
I,
like
these
shorter
terms
like
when
Barry
and
I
were
on
affordable
housing
committee
together
for
a
long
time
and
I.
Remember
we
were
talking
about
this
policy.
A
lot
like
every
year
was
on
us
to
review
it
and
the
thing
about
these
policies
is
that
like
20-year,
and
do
we
even
get
it
in
20
years?
Are
these
refinance?
Are
these
really
grants
and
the
payback
in
the
short
term
is
such
an
intriguing
thing
to
me
like
it
really
makes
this
a
low
interest,
Loan
Fund,
to
create
create
create.
A
A
Okay,
thank
you,
Barry
yep,
okay,
so,
let's
see,
let
me
get
back
to
our
agenda
here.
We
only
had
this
one
item
and
the
action
was
just
to
hear
and
ask
questions
so
we're
about
to
adjourn
because
there's
no
public
comment
today,
let's
see
our
meeting
again
next
meeting
is
I
wrote
it
down:
April
18th,
April
18th.
Thank
you
and
now
Penny.
Any
final
comments.
We
can
adjourn
and.
B
A
B
A
Okay
in
Project,
thank
you,
okay
and,
as
councilwoman
mostly
said,
so
we
had
targeted
this
calendar
as
a
new
thing,
with
the
Housing
Trust
Fund
to
align
with
other
Regional
sources
and
try
and
get
on
the
same
track
and
get
some
of
these
projects
funded
at
the
same
time.
So
we
are
not
planning
to
do
another.
Housing
Trust,
Fund
application
cycle
in
2023,
correct.
B
We
actually
kind
of
left
the
door
open.
You
know
I
think
it's
still.
We
still
could
consider
doing.
We
had
talked
one
point
about
doing
a
round
for
small
developers
I.
There
are
also
tax
credit
developers
out
there
that
just
apply
for
four
percent
tax
credits
that
don't
have
a
deadline
in
May,
okay,
so.
A
In
the
title,
as
today
were
five
two
was
that
right
and
I
think
I
closed
my
thing,
but
we
have
a
little
more
than
that.
We
have
a
couple
more
million
dollars
in
the
trust
fund
right.
Okay,
great!
Thank
you
all
right!
Everyone!
Thank
you.
For
your
time
today,
oh
Rachel
Wood
has
raised
your
hand,
hold
on
we're,
not
injured,
go
ahead.
Sure.
C
Just
really
quickly,
thank
you.
Councilmember
Turner
I
just
wanted
to
note
that
we
do
have
some
pretty
big
work
plan
items
scheduled
for
Housing
and
Community
Development
Committee,
and
so
that
includes
the
affordable
housing
plan,
which
we'll
also
be
looking
at
the
Housing
Trust
Fund
policy.
Additionally,
I'm
working
with
the
community
and
economic
development
team
on
a
more
comprehensive
and
holistic
strategy
for
the
disposition
of
city-owned
land.
C
So
looking
at
and
developing
more
consistent
processes
for
what
we're
going
to
do
with
our
portfolio
of
existing
City
properties,
and
so
those
are
considerations
that
we're
going
to
be
bringing
back
fall
winter
leading
into
calendar
year.
2024..
So
just
wanted
to
let
that
the
committee
members
know
those
are
important
and
related
initiatives
that
are
on
the
horizon,
where
we're
going
to
be
looking
a
little
more
broadly
at
our
city-owned
properties.
B
Why,
just
with
everything
that's
been
going
on,
I
haven't
had
enough
time
to
really
work
on
that
and
and
honestly
ahec
I
think
was
feeling
very
pressured,
so
I
think
just
taking
a
little
bit
more
time.
The
developer
was
fine
with
that
and
your.
B
And
your
your
schedule
for
April
18th
was
pretty
heavy,
so
yeah
like
putting
it
to
May,
made
more
sense,
councilwoman.
A
I
I
also
noticed
in
that
she
said
we
had
about
things
down
the
road.
It
didn't
include
a
discussion
of
Luigi
in
a
possible
benefits
table
as
we
discussed
So
the.
C
Plan
right
now
is
to
wrap
that
into
the
affordable
housing
plan
overview
so
that
we're
not
just
looking
at
one
tool
individually,
but
we're
looking
comprehensively
at
Housing,
Trust,
Fund,
luige
and
then
other
tools
we
might
want
to
consider
for
our
toolkit
looking
at
the
effectiveness
and
then
potential
policy
revision,
so
that
will
be
wrapped
into
that
larger
effort.
Okay,
thanks.
A
And
that
larger
effort,
I
assume,
has
input
and
committees
and
all
the
things.
Okay,
great
all
right,
everyone
I
will
tell
you.
I
was
responding
to
an
email
for
constituent
this
morning
that
was
inquiring
about.
They
had
sent
an
email
saying
that
we're
not
doing
enough
on
housing
and
everything's
just
bad
here,
we're
not.
They
said
we
weren't
approving
housing
and
all
this
stuff
and
I
just
started
responding
with
all
the
things
going
on
by
the
time.
I
had
typed
out
that
email
I
was
like.
A
Oh,
my
goodness,
there
is
so
much
going
on
in
housing,
so
kudos
to
everybody
for
staying
above
water.
There's
a
lot
going
on.
I
really
appreciate
everybody's
efforts
and
it's
quite
amazing
all
the
tax
credit
projects,
all
the
big
projects,
all
the
little
projects,
lots
and
lots
about
housing
right
now.
So
thank
you.
Everybody
that's
working
on
it
and
with
that
I'm
going
to
say
we
are
adjourned,
have
a
great
day.