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From YouTube: Housing & Community Development
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C
Good
morning,
everyone
and
welcome
to
the
june
15th
housing
and
community
development
committee
meeting.
I'm
your
chair
sage,
turner,
I'd
like
to
welcome
you
all
council,
members
and
staff
are
participating
virtually
for
those
of
you
out
there
today
with
us.
Welcome
to
help
our
audience
follow
along
I'll
state.
Each
section
of
the
agenda
aloud.
We
are
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.
We
also
have
an
option
for
the
public
to
listen,
live
by
phone
by
dialing.
C
C
855-925-2801,
the
meeting
code
is
9791,
your
phone
will
be
muted
and
you
will
hear
the
meeting
live
at
this
point.
Callers
will
hear
for
more
options.
Please,
press
stoner,
pressing
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3
will
allow
callers
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and
continue
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listen,
live
and
join
a
speaker
queue.
We
will
have
3
minutes,
you
will
have
3
minutes
to
speak
and
callers
should
only
join
the
speaker
queue
during
the
time
in
the
agenda.
C
E
C
D
Yeah
good
morning,
councilwoman
turner-
if
I
may
get
a
couple
minutes
just
to
point
out
a
few
things
on
the
community
development
updates
for
you
all
to
take
a
quick
look
at
that
would
be
great
right
now.
Just
wanted
to
point
out
the
updated
housing
trust
fund
balance.
D
That
link
shows
that
we
have
with
some
funds
that
have
come
back
to
us
as
well
as
also
some
loans
being
paid
off.
We
have
about
2.35
million
dollars
available
for
housing,
trust
fund
loans.
We
have
a
few
things
potentially
in
the
pipeline,
but
just
wanted
to
give
a
shout
out
there
to
our
development
friends
that
there
is
some
money
available
in
our
housing
trust
fund.
D
I
also
wanted
to
point
out
that
we
have
our
affordable
rents
for
2021
under
the
other
section,
so
we've
got
appendix
one
which
breaks
down
the
affordable
rents
when
you
utilize
one
of
our
city
tools
based
on
the
hud
department
of
housing
and
urban
development,
amis,
the
area
meeting
incomes-
and
we
have
that
calculated
as
well
as
a
homeownership
expense
calculator
that
we
now
call
appendix
ii,
so
that
folks
can
take
a
look
at
what
it
takes
to
get
into
a
home
at
various
prices
and
at
various
levels
of
area,
immediate
income.
D
I
also
wanted
to
talk
about
the
fee
rebate
policy
which
I'll
come
back
to
at
the
end.
I
did
want
to
point
out
on
the
monitoring,
which
is
something
that
hadn't
been
done
in
a
while.
We
are
monitoring
our
sub-recipient
partners,
so
we
just
monitored
five
of
our
home
partners
just
to
see
how
they
were
handling
the
home
funds
and
sub-recipients
and
their
grant
funding.
So
so
far,
so
good
on
that
we'll
have
more
to
report
we'll
be
doing
the
cdbg
monitoring
here
shortly.
D
Hopefully,
in
the
beginning
of
august,
kayla
has
started
their
orientations,
which
is
really
exciting
for
the
kayla
program
alex
couldn't
join
us
this
morning
and
almost
done
the
last
but
not
least,
are
getting
there.
The
partnership
with
unc
chapel
hill
they're,
getting
close
to
telling
our
five-year
investment
story
into
the
community,
I'm
meeting
with
them
in
person
on
july,
20
or
june
23rd
to
take
a
look
at
all
those
materials,
so
really
excited
about
that,
and
as
always
resources
at
the
bottom
and
more
ways
for
folks
to
get
involved.
D
With
that,
I'm
happy
to
take
any
questions
on
a
few
things
I
wanted
to
point
out
and
then
I
did
have
a.
I
do
need
some
direction
on
feed
rebates,
thanks
for
listening.
C
I
have
a
couple.
First
of
all,
thank
you.
I
mean
if
you're
listening
at
home
or
if
you
are
able
to
get
on
the
website
and
find
this
document,
there's
a
wealth
of
information
and
it's
an
ongoing,
updated
document
about
everything
in
the
pipeline.
Everything
we're
building
everything
we're
partnering
on.
C
It's
an
amazing
amount
of
work
that
goes
into
this.
So
thank
you,
staff
that
continue
to
work
on
it
and
produce
it
every
month.
I
was
thankful
to
see
the
new
amis
on
there
and
just
to
restate
what
paul
said,
the
new
amis
are
out
we're
publishing
them
today,
and
it
was
also
thankful
to
see
the
link
to
the
new
story
map
on
urban
renewal
land,
so
great
information
in
there,
the
spreadshift
for
the
spreadsheet,
for
the
home
ownership,
expense
calculator,
is
a
phenomenal
tool.
C
If
anybody
out
there
is
just
kind
of
wanting
to
poke
around
at
the
market
and
figure
out
what
they
can
do
and
what
it
might
look
like.
It's
a
wonderful
resource
questions
I
reached
out
to
margie
bukowski
this
morning.
I
haven't
heard
back
yet
just
trying
to
hone
in
on
their
timeline
on
lee
walker
heights.
Does
anyone
have
an
update?
We
thought
they
might
be
done
by
now,
and
I
know
everything
takes
longer,
but
do
we
know
if
they'll
finish
this
year.
D
D
The
last
milestone
is
that
they
are
to
kind
of
come
up
with
a
report
for
us,
and
I
spoke
with
david
actually
yesterday
that
in
july
or
august
hcd,
I
think
he's
going
to
bring
kind
of
a
final
wrap-up
report
to
this
committee.
If
that
works.
For
you
all
it's
the
final
deliverable
from
that
grant
agreement,
and
I
believe
he
should
be
done
in
july
or
august.
C
Great
and
margie
texted
me
just
now
to
say:
she'll
be
done
by
the
end
of
july.
So
that's.
E
C
Thanks
for
tuning
in
margie
exciting,
I
think
the
wrap-up
report
is
a
wonderful
idea.
You
know
we
left
pretty
big
when
we
went
after
three
high-impact
sites
and
and
redoing
all
of
these
public
housing
communities
and
so
on.
I
think
it's
it's
important
that
we
circle
back
and
close
the
circle
and
see
how
it
went.
Other
thing
I
was
going
to
ask,
and
this
is
kind
of
unrelated
but
could
be.
I
know
I
took
a
survey
recently
from
the
dogwood
health
trust
around
a
bowen
housing
assessment.
D
So
dogwood
or
excuse
me
the
bone
folks
reached
out,
and
then
there
was
some
information
shared,
so
people
could
submit
their
opinions
and
stakeholders
in
the
community,
but
regarding
asheville
and
pumpkin
county,
our
information
was
so
up
to
date
that
they
didn't
need
to
do
anything
else
at
this
point,
so
that's
an
18
county
region.
C
Okay,
that's
all
for
my
questions
or
comments.
Anything
else
will
we
move
on.
D
Just
the
fee
rebates
I
wanted
to
just
briefly
discuss,
as
you
all
may
remember.
In
2019,
we
separated
out
the
land
use
incentive
grant
from
fee
rebates
so
that
it
was
more
clear
on
how
we
could
work
together
or
work
separately
to
move
different
projects
forward
and
different
goals
with
feed
rebates
or
a
property
tax
grant
with
the
land
use
incentive
grant.
We
have
that,
obviously
continuing
to
come
back
to
council
with
fee
rebates.
D
We
we
had
never
thought
about
this,
but
we
left
that
language
in
that
we
would
bring
fee
rebates
back
to
committee
and
council.
Each
time
fee
rebates
came
through
for
individual,
affordable
units
with
a
50,
75
or
100
break
on
some
of
those
fees
working
with
ben
woody
in
development
services.
We
feel
we
can
do
that
at
a
staff
level
for
this,
and
there
are
smaller
amounts
that
we
can
not
only
make
those
decisions
at
a
staff
level,
but
also
the
compliance.
D
B
D
So
hopefully,
councilwoman
smith,
the
pipeline
that
is
attached
in
the
cd
updates,
we'll
have
a
separate
section
for
fee
rebates.
So
you
can
see
what's
moving
through
that
way.
D
And
these
are
the
smaller
amounts,
as
well
just
on
the
affordable
units.
F
I'm
debating
internally,
okay,
what's
the
what's
the
difference
as
far
as
time
or
work,
that
has
to
be
done
for
it
to
come
to
council.
D
I
think
what
we
looked
at
when
working
with
ben
woody,
that
it
could
be
like
a
three-month
delay
of
working
through
committee
and
council
up
to
a
three-month
delay
to
actually
get
them
the
rebate
and
the
grant
back.
So
because
it's
a
smaller
amount.
We
can
do
that
internally
and
once
they
submit
that
we
could
turn
it
around
in
a
week
and
a
lot
of
our
nonprofit
development
partners
in
particular
that
money
is
really
helpful
to
their
balance
sheets.
C
Okay,
thank
you.
I'm
fine
with
this.
I
think
the
ongoing
document
that
will
let
us
review
what
has
happened,
sounds
wonderful.
You
know.
Maybe
we
can
treat
it
like.
We
do
other
things
like
luigi
and
htf,
where
once
a
year
or
something
we
review
and
just
make
sure
it's
on
an
agenda
to
say:
hey
is
this
still
working
for
us.
D
You
know
absolutely
that
commitment
on
the
policy
updates
is
still
there,
and
I
think
there
were
even
some
folks
internally
that
thought
that
this
was
already
kind
of
like
in
the
works
to
be
done
in
staff
at
a
staff
level.
But
we
just
wanted
the
clarity,
and
I
appreciate
the
direction
from
legal
and
city
management
to
help
out
with
this.
C
G
G
What
we'd
like
to
do
is
just
share
kind
of
an
update
on
how
how
we
have
come
to
where
we
are
today
and
just
talk
about
next
steps.
Moving
forward.
G
Okay,
so
as
jenna
loads,
those
slides
great
thanks,
jenna
appreciate
that
so
yeah
early
on
we've
had,
but
additionally,
sasha
vertoonski
was
also
part
of
our
team.
Where
we
had,
we
have
paul
really
focusing
on
the
financials.
My
focus
was
really
the
real
estate
and
steffi
and
sasha,
both
with
the
planning
lens,
as
well
as
the
community
engagement
lens,
so
next
slide
jenna.
G
The
next
slide
jenna,
so
the
high
impact
sites,
so
that
terminology
really
came
about
because
we
wanted
to
look
at
properties
that
could
really
fulfill
a
high
impact
in
terms
of
number
of
affordable
units
and
impact
on
community
next
slide.
Jenna.
G
So
really,
this
dates
back
to
the
initial
passage
of
the
bond
referendum,
so
in
2016,
25
million
dollars
was
devoted
towards
affordable
housing,
with
15
million
to
the
redevelopment
of
city-owned
land.
At
that
time
we
also
entered
into
an
mou
with
duke
energy
to
get
the
property
at
2019
under
contract,
and
then
we
identified
these
three
key
sites
in
a
city
council
bond
work
session.
That
said,
these
were
sites
that
had
the
greatest
potential,
so
south
charlotte
street
visit
the
city
on
property,
south
of
beaumont,
319
and
91
riverside.
G
So
I
went
through
this
process
of
doing
neighborhood
insight
tours
reaching
out
to
stakeholders.
I'm
doing
a
lot
of
market
research
to
just
to
determine
what
kind
of
units
what
number
of
bedrooms
things
like
that
that
would
be
appropriate
for
the
sites,
as
well
as
site
analysis,
so
geotechnical
and
environmental
review.
G
And
then
we
went
through
a
series
of
of
a
preliminary
design
where
we
were
looking
at
modeling
on
the
sites
to
really
see
exactly
what
kind
of
of
builds
were
possible
on
the
sites.
What
how
many
units
could
we
accomplish?
What
would
it
really
mean
to
be
high
impact
with
the
numbers
of
units
and
then
what
was
the
cost
as
a
result
of
that?
What
was
the
cost
of
the
total
developments,
as
well
as
what
we
could
see
in
terms
of
city
cost
per
subsidy?
G
So
again,
that
was
a
lot
of
stakeholder
engagement,
a
lot
of
math
to
really
determine
what
that
subsidy
would
look
like
and
a
lot
of
presentations
to
both
the
ahack,
affordable
housing
advisory
committee,
as
well
as
hcd
throughout
that
process.
And
then,
ultimately,
we
wanted
to
culminate
in
a
process
for
implementation
on
how
we
actually
achieve
the
affordable
housing
and
the
mixed
income
communities
on
these
sites.
Next
slide
jenna,
so
this
is
an
outtake
from
one
of
those
presentations
where
we
looked
at
the
biltmore
site
and
our
modeling
showed
potentially
300
units.
G
The
mixed
income
element
could
include
over
12
000
square
feet
of
commercial
space.
Really
key
component
was
that
connected
to
lee
walker
heights,
as
well
as
that
mixed-use
development
that
would
front
along
biltmore
and
a
lot
of
other
elements
that
we
thought
about
during
that
first
era
of
the
planning
process
next
slide-
and
here
you
can
see
we
did
some
modeling.
G
What
you
can
see
in
the
yellow
is
really
the
bulk
of
the
residential
opportunity
there
and
you
see
how
it
kind
of
connects
to
lee
walker
as
well.
You
see
in
red.
There
is
the
idea
where
the
commercial
could
be
located
and
then
in
gray,
is
actually
the
parking
structure,
because,
with
this
type
of
development
in
this
location,
it
was
also
key
that
a
parking
structure
would
be
necessary
to
build
this
kind
of
density
next
slide,
then
we
got
into
the
numbers
where
we
looked
at:
okay
of
a
total
development
cost
of
49
million.
G
G
So,
in
this
particular
case
we
were
looking
at
what
would
our
incentive
cost
be
on
the
front
end
for
different
types
of
affordability
mixes
and,
of
course,
it
makes
perfect
sense
that
the
more
deeply
affordable
units,
the
more
numbers
of
affordable
units
you
have,
the
more
you
have
to
invest
on
the
front
end.
So
we
ran
several
different
scenarios
of
looking
at
how
many
units
of
that
300
odd
units
that
we
were
looking
to
build
there.
What
would
it
cost
to
achieve
different
levels
of
affordability?
G
Affordably,
to
you
know
a
deeper
affordability,
where
100
of
the
units
being
affordable
would
necessitate
something
like
a
20
million
dollar
or
a
19
million
dollar
incentive,
so
really
grappling
with
how
those
numbers
played
out
in
those
build
costs
next
slide
journal.
G
So
when
we
came
to
the
end
of
that
process,
what
we
identified
looking
at
all
three
sites
is
that
319
biltmore
was
really
ready
to
go.
It
was
appropriate
for
the
use.
It
had
a
great
opportunity
to
build,
affordable
and
mixed
income
housing.
It
was
pretty
much
vacant.
There
was
an
old
building
on
the
site,
but
nonetheless
it
was
ready
to
go
with
charlotte
street.
We
really
needed
to
understand
the
cost
of
the
operations
and
maintenance
to
relocate
the
existing
city
facilities
on
the
site.
G
That
work
is
underway
and
I
believe
it's
close
to
prime
time
I
thought
it
was
going
to
come
about
during
the
budget
process,
so
we
can
certainly
provide
that
update,
but
that
work
began
too
as
a
result
of
this
process.
The
last
piece
with
riverside
there
was
a
time
when
we
were
considering
a
partnership
with
art
space
so
that
one's
been
quiet
for
a
while,
but
I
think
we
all
know
that
the
river
arts
district
has
really
seen
it's.
G
Those
improvements
being
stalled
really
has
a
future,
so
I'm
excited
about
when
we
can
get
back
to
looking
at
those
properties
in
riverside
drive
next
slide
jenna.
So
here
we
go.
We
kind
of
had
concluded
our
due
diligence
on
looking
at
numbers
of
units
potential
subsidies,
as
well
as
how
each
of
our
high
impact
sites
would
have
a
path
forward.
The
next
thing
that
we
wanted
to
do
is
to
develop
an
informed
policy
on
how
we
would
go
about
seeking
affordable
housing
on
these
city-owned
land
sites.
Next
slide
jenna.
G
In
developing
this
too.
We
also
wanted
to
approach
an
equity
lens
and
really
understand
what
that
meant.
And
so,
when
we
looked
at
incomes,
we
looked
at
our
usage
of
housing
choice
vouchers
in
our
community.
What
we
wanted
to
say
with
city-owned
property
is
that
that
was
a
requirement,
accepting
housing
choice
vouchers,
but
also
aware
of
how
subsidies
factor
in
we
looked
at
this
minimum
of
20
of
all
units
at
60
area,
median
income
being
what
met
that
test
of
subsidy
and
also
what
was
existing
in
the
marketplace.
G
G
We
also
outlined
with
that
policy
that
we
would
administer
an
rfp
or
rfq
process
unless
otherwise
directed
by
city,
council
or
city
manager.
That
would
be
our
process
unless
there
was
another
case
that
would
dictate
otherwise.
We
also
acknowledge
that
the
affordable
housing
financial
incentive
could
be
the
use
of
the
land.
So
what
that
meant
is
that
we
could
sell
the
city
land
at
a
price
less
than
fair
market
value,
to
ensure
that
those
affordable
housing
goals
were
met,
that
we
could
use
that
land
as
a
subsidy.
G
We
also
had
the
caveat,
though,
that
we
needed
to
see
how
that
would
work
in
the
pro
forma
so
that
we
had
full
transparency
with
how
the
value
of
the
city's
subsidies
would
be
utilized
in
a
development
and
then,
if
we
were
able
to
achieve
a
sales
price
on
the
affordable
housing
that
it
would
go
back
into
our
affordable
housing
program.
So
all
funds
received
from
the
sale
of
land
that
is
used
for
affordable
housing
would
go
back.
G
This
happened
at
the
360
hilliard
site,
where
the
funds
that
were
generated
from
the
sale
of
that
land
were
then
designated
for
housing,
trust
fund
and
other
affordable
housing
uses
next
slide,
so
that
policy
was
passed
in.
I
think
it
was
september
again
at
the
end
of
the
work
session
september.
2019
was
really
when
that
policy
was
approved
by
council.
G
So
really
that
then
positioned
staff
to
be
able
to
issue
the
rfp
for
319.
next
slide,
and
so
that
happened
in
february
5th,
2020
right
before
the
pandemic,
we
had
worked
on
on
really
putting
together
our
best
foot
forward.
With
this
request
for
developer
proposals,
we
basically
included
all
of
the
work
of
the
initial
due
diligence.
The
community
engagement,
the
site
study,
the
incentive
financial
analysis.
G
All
of
that
work
was
included
to
really
allow
developers
to
see
the
entire
level
playing
field
of
what
they
were
looking
at
and
really
come
forward
with
their
best
proposals,
and
that
happened.
We
were
very
fortunate
to
have
nine
proposals
that
were
received.
We
felt
that
was
a
real,
strong,
showing
ultimately
had
two
rounds
of
virtual
interviews
that
were
held
with
the
top
candidates
and
then
in
the
fall
of
2020
homes.
Urban
was
selected
as
a
finalist
to
develop
the
site
next
slide
journal.
G
G
Their
affordable
affordability
period
was
suggested
at
30
years.
That
was
in
their
proposal.
They
would
agree
to
accept
the
housing
choice
vouchers.
Their
community
development
model
really
was
based
on
health
and
wellness
and
having
on-site
services
with
a
partnership
with
mayheck
to
really
positively
address
social
determinants
of
health.
G
This
is
very
much
following
a
similar
process
that
we
did
for
the
360
hillyard
site.
So
with
that,
that's
really
the
conclusion
of
what
I
wanted
to
share.
I
think
at
this
point
as
a
reminder,
these
are
kind
of
our
key
takeaways
of
the
process,
and
so
with
that,
I'm
here
for
any
questions
as
well
as
paul
and
stephanie,
and
looking
forward
to
the
discussion
today.
Thank
you.
C
Thank
you,
nikki
great
job,
that's
a
lot
of
information
in
this
presentation
and
you
know
for
those
of
you.
Listening
at
home,
we
had
requested
an
update
on
this
parcel
for
the
last
couple
meetings,
so
I
appreciate
y'all
prioritizing
it
and
getting
in
front
of
us
fellow
committee
members
questions
comments.
F
Thank
you
for
this.
This
looks
really
good.
I
was
very
happy
to
see
the
community
engagement
portion,
I'm
still
kind
of
hesitant
because
of
this
property's
location
because
of
the
neighborhoods
because
of
its
proximity
to
other
land
acquired
through
urban
renewal.
F
You
recall
that
we
passed
the
initial
seed
money
for
the
reparations
fund
and
since
then,
I've
gotten
a
lot
of
calls.
People
are
really
excited
about
it.
F
People
are
still
holding
on,
however,
to
the
two
parcels
of
land
that
were
not
considered
or
not
put
into
the
urban
renewal
moratorium.
They
were
excited
that
a
portion
of
the
sale
proceeds
went
to
seed
the
fun,
but
apparently
that's
still
not
enough,
and
what
has
complicated
the
matter.
Further
is
there's
now
quite
a
bit
of
discussion
concerning
the
mccormick
or
the
memorial
stadium
field
and
how
long
story
short
folks
in
the
community,
the
black
community,
especially
feel
that
even
that
field
is
being
gentrified.
F
C
All
right
as
chair,
I
got
to
have
like
a
point
of
order.
Here
I
mean
normally
something
this
large
was
going
to
be
discussed.
We
would
put
it
on
an
agenda
as
an
agenda
item.
We'd
have
public
input,
there
would
be
staff
reporting.
I
mean
this
is
that's
a
that's.
A
pretty
big
motion.
Y'all
and
you've
got
a
second,
so
it
can
have
a
report.
C
Well,
discussion,
discussion
first,
and
I
can
appreciate
that
and
I
will
vote
you
know
assuming
once
I
discuss
a
couple
things
so
I'm
concerned,
but
I'm
concerned
about
process
mostly
and
I
think
process
process-wise.
C
Regardless
of
what
happens
today,
this
would
still
go
to
council.
So
I
guess
we
can.
We
can
have
a
motion.
We
can
have
a
approved
motion,
but
we
would
still,
I
think,
carry
this
to
council
and
maybe
is
I
thought
I
saw
janice
briefly,
but
from
here
yeah
I
mean.
Can
you
speak
to
a
little
bit
about
process,
I'm
as
a
chair
here?
I'm
thinking
we
were
supposed
to
maybe
have
put
something
like
this
on
the
agenda
and
had
some
input.
E
You
can
you
can
view
motions
and,
as
ms
mosley
has
said
and
you're
correct,
also
in
saying
discussion,
it
will
go
to
council
because
obviously
these
these
approvals,
that
previous
approvals
were
all
granted
by
council
approval.
So
this
will
be
returning
direction
and
previous
council
approval.
So
it
will
certainly
go
to
council
and
would
have
the
opportunity
for
discussion.
E
If
you,
you
know,
you
could
try
to
amend
the
motion
to
just
have
one
more
time
at
hcd
before
it
moves
forward.
But
that's
up
to
you
all.
B
I'm
not
at
this
time.
I
will
request
that
you
call
the
vote.
C
Okay,
I
just
have
one
more
clarifying
thing:
councilwoman
mosley,
could
you
just
help
me
understand
a
little
bit
so
the
proximity
of
this
land
to
other
urban
renewal
land?
This
wasn't
renewal,
but
the
proximity
to
it
and
then.
F
F
This
land
is
particularly
appropriate,
given
its
location,
it's
located
in
areas
or
near
areas
that
were
historically
african
american
communities,
and
the
notion
that
it
is
a
high
impact
site
makes
it
even
more
appropriate.
The
walker
heights
is
there
white,
fond
drive,
buchanan
south
side,
ashland
avenue
easton.
F
What
used
to
be
mountain
street
that
whole
area
was
an
african-american
community.
The
fear
is
that,
at
this
time,
with
the
development
that
is
presented,
it
will
do
no
more
than
to
further
gentrify
the
area
and
with
what
is
going
on
right
now,
memorial
field.
The
discussion
community
members
also
see
that
as
another
way
of
gentrifying
a
historically
african
american
community.
F
C
You
for
that
additional
explanation
that
helps
me
to
understand
where
you're
coming
from
okay,
so
I'm
going
to
do
a
roll
call
vote
vice
mayor
smith,
hi,
councilwoman
mosley,
I
myself,
nay.
I
appreciate
the
discussion
and
extra
information
and
I
so
from
this
point.
I
think
it
will
come
back
to
hcd.
It
will
move
on
to
council
unless
there's
some
request
otherwise,
but
I'm
not
hearing
that
okay.
So
let
me
get
back
to
the
agenda.
C
Oh
there,
it
goes
sorry
for
the
delay.
I
had
a
little
bit
of
an
update
on
my
browser
item.
Number
four
is
an
update
and
a
presentation
on
the
sale
of
two
city:
lots
to
the
actual
buncombe
community,
land
trust,
and
we
have
nikki
and
paul
with
us
and
anna
and
a
few
folks
who
would
like
to
leave
this
presentation.
G
Okay
again,
thank
you,
nikki
sure
thing
and
yes,
I'm
joined
by
anna
zodzkaya
who's,
the
executive
director
of
abclt,
and
so
thanks
jenna.
Yes,
if
you
could
go
ahead
and
start
that
slideshow
so
a
little
bit
of
how
this
relates
back
to
319,
so
as
you
can
see,
we
we've
provided
a
lot
of
of
a
policy
infrastructure.
Your
council's
hard
work
to
really
allow
us
to
start
to
move
forward
on
some
of
these
initiatives.
G
So
with
that
policy
passed,
we
started
looking
at
other
opportunities
for
how
we
could
encourage
affordable
housing
on
city
on
land.
So
this
this
aspect
that
we're
getting
ready
to
present
today
is
is
a
different
approach
right,
but
it,
but
we're
really
excited
to
share
this
with
you,
so
next
slide
jenna.
G
G
So
this
approach
really
focused
in
on
some
of
the
single
family,
lots
that
this
city
owned.
So
this
parcel
here
was
identified
in
the
city's
portfolio.
The
city
had
acquired
it
in
1929
so
years
ago.
I
believe,
as
a
result
of
a
tax
foreclosure
that
had
happened,
but
really
nothing
had
occurred
on
the
site
since
then,
and
it's
it's
ideally
located
in
west
asheville,
the
site
is,
is
really
appropriate
for
some
type
of
single
family
development.
G
The
other
site
that
we
looked
at
is
situated
at
the
corner
of
young
and
west
chestnut
street.
The
city
actually
acquired
this
in
1984
when
it
was
expanding
the
bridge
there.
So
it
was
a
leftover
parcel
from
that
bridge
work
again.
The
size
of
the
site
is
something
that
could
be
suitable
for
affordable
housing,
single-family
development.
G
G
Those
proposals
were
submitted
by
october
14th
staff,
reviewed
proposals
in
december
and
january
and
then
ultimately
selected
the
adclt
as
the
finalist
for
the
lufty
and
chestnut
lots,
and
that
was
back
in
january.
So
here
we
are
today
to
present
on
accepting
their
proposal.
We
also
had
another
proposal
on
this.
That
compact
cottages
was
the
other
entity
that
submitted
a
proposal.
G
I
will
pause
to
say
that
we
had
another
site
that
we
had
included
in
this
single
family
opportunity,
but
with
all
things,
the
the
research
that's
involved,
that
other
site
had
some
issues
with
feed
restrictions.
That
sounds
familiar
right,
so
we
weren't
able
to
move
forward
on
that
other
site,
given
those
deed
restrictions,
but
nonetheless
we
feel
really
positive
and
have
cleared
all
the
initial
curls
as
it
results
with
the
lefty
and
chestnut
site.
G
H
Thank
you
nikki
good
morning,
everyone,
anna
zieska
here
with
the
asheville
buncombe
community
land
trust.
Thank
you
for
the
opportunity
to
present
this
to
you
and
thank
you
for
reviewing
our
proposal,
hoping
to
receive
ownership
of
these
city-owned
lots.
So
first
I
want
to
talk
really
briefly
about
the
benefits
of
a
clt
for
any
of
you
who
may
be
not
as
familiar
with
the
model
or
new
to
it.
So
next
slide.
H
So
three
main
benefits
are
affordability,
community
and
economic
stability
and
affordability.
I
don't
think
I
really
need
to
go
into
too
much
detail
with
this
group.
You
will
understand
the
market.
You
all
understand
the
difficulties
of
purchasing
a
home
in
in
this
area
right
now,
so
the
medium
home
sales
price
in
buncombe
counties
over
300
000
that
315
000
is
actually
about
a
year
old
from
the
bowen
report,
so
it's
actually
higher
than
that
now,
but
I
just
wanted
to
put
that
number
in
there
to
give
some
perspective.
H
Our
homes
will
typically
cost
the
buyer
anywhere
between
110
and
225
000.
So
you
can
see
how
big
of
a
difference
that
is
between
the
market
price
and
what
we're
able
to
offer
to
our
buyers,
so,
on
average
we're
investing
about
seventy
thousand
dollars
per
home
to
decrease
the
price
to
the
buyer.
Next
slide,
please.
H
The
second
benefit
is
community,
we're
of
course,
a
community
land
trust
and
that's
what
makes
us
unique
and
different.
We
are
creating
community
ownership.
We
are
creating
a
new
model
for
ownership.
We
are
rooted
in
the
community
where
we
have
members
of
the
organization
who
have
certain
voting
rights
and
get
get
to
have
a
say
in
the
things
that
we're
doing.
We
also
have
a
board,
that's
comprised
of
community
members
who
represent
those
that
we
are
working
to
serve,
and
this
is
really
again
a
new
model
to
create
community
wealth
building.
H
So
it
is
different
from
the
individual
land
ownership
model,
but
it
is
the
benefit
to
the
entire
community,
to
preserve
permanent
affordability,
next
slide
and,
finally,
economic
stability,
of
course,
consistent
mortgage
payments
for
our
homeowners
and
then
an
opportunity
to
build
wealth.
So,
even
though
this
is
a
shared
equity
model
and
there's
not
as
much
of
an
individual
wealth
building
opportunity
as
other
options,
we
still
do
provide
wealth
building
to
our
buyers.
So
I'll
go
into
this
2.25
here
in
a
second
with
the
next
two
slides
and
talking
about
the
ground
lease.
H
H
It
is
the
element
that
that
connects
the
individual
ownership
or
the
household
and
ownership
of
the
structure
itself
to
the
organizational
ownership
of
the
land
and,
as
I
mentioned
just
a
second
ago,
what
we
have
in
that
ground
lease
is
that
resale
formula,
so
that
2.25
is
the
equity
that
our
buyers
accumulate
annually
and
that's
compounded
annually,
and
we
use
that
2.25.
H
If
the
buyer,
you
know
three
five
ten
years
from
now
decides
to
sell
the
home.
We
calculate
that
2.25.
That
goes
back
to
the
buyer
time
of
sale,
but
we
also
use
that
to
calculate
the
sales
price
to
the
next
buyer,
and
so
you
can
go
to
the
next
slide.
That
shows
this
a
little
bit
more,
so
the
resale
price
would
be
the
initial
purchase
price.
So
let's
say
we
sold
the
house
initially
for
150
000,
and
then
we
add
on
the
2.25
percent
that
that
buyer
will
receive
upon
selling
the
home.
H
So
if
they've
been
there
for
five
years,
they
receive
that
2.25
over
five
years
added
on
to
the
initial
150
that
they
paid
and
that's
the
the
price
that
the
next
buyer
would
pay,
and
so
those
are
the
restrictions
that
keep
it
affordable
for
the
next
buyer
and
the
next
buyer
and
the
next
buyer
and
for
generations
to
come
just
want
to
highlight
a
couple
of
other
things
about
our
ground
lease.
So
we
do
require
that
the
homeowner
occupies
the
home
for
the
entire
year.
H
We
have
exceptions
to
that,
of
course,
if
necessary,
but
we
do
want
it
to
be
their
primary
residence.
We
do
want
the
owner
to
be
living
there
and
the
fees
that
are
associated
with
our
model
is
a
essentially
a
hundred
use.
Excuse
me,
a
hundred
dollar
land
fee,
so
lease
feed
this
so
fifty
dollars
of
that
is
the
land
fee
that
stays
with
us
as
the
organization
for
administrative
purposes
and
then
fifty
dollars
out
of
that
100
actually
goes
into
a
repair
fund
that
the
homeowner
can
use
at
a
later
time.
H
H
So
next
slide.
I
just
want
to
wrap
up
talking
about
our
goals
for
these
city
owned
lots.
So
next
slide,
please,
as
nikki
mentioned
chestnut
street
and
lefty
avenue.
So
please
keep
in
mind
that
we
submitted
this
proposal
about
nine
months
ago.
So
we
do
know
that
numbers
have
changed.
Prices
have
gone
up
and
we'll
we'll
look
to
recalculate
prices
as
needed
as
we
get
closer
to
building.
H
We
are
working
with
the
juna
group
and
we
hope
to
complete
both
of
these
projects
within
12
months,
from
the
closing
on
both
of
these
properties
and
just
put
our
vision
here.
Part
of
our
vision
is
equitable
and
diverse
communities,
and
we're
really
excited
about
this
opportunity
to
provide
home
ownership
opportunities
in
these
two
different
neighborhoods
and
have
them
be
at
serving
those
lower
incomes
at
60
percent,
ami
and
possibly
even
lower.
H
C
Okay,
then,
I
would
like
to
just
express
my
appreciations
for
you
taking
the
time
for
all
of
this
hard
work
in
general,
but
for
also
creating
this
presentation
for
us
and
updating
us.
We
do
have
an
action
item
on
this.
We
will
need
to
vote.
We
didn't
have
any
public
comment,
so
I
think
we
can
just
move
to
a
vote.
Let
me
see
if
I
have
a
suggested
motion.
C
Second,
wonderful,
any
other
discussion.
Okay,
we're
going
to
do
a
roll
call
vote
vice
mayor
smith,
councilwoman
mosley,
I
and
myself,
I
wonderful,
okay,
congratulations
to
the
abclt!
It's
wonderful
to
see!
Y'all
progressing!
I'm
excited
all
right.
We
have.
That
concludes
item
number.
Four.
On
our
agenda
item
number
five
is
held
for
public
comment.
I
heard,
and
perhaps
jenna
can
confirm
that
we
did
not
actually
have
any
public
comment
at
that
time.
Emailed
or
called
in
is
that
correct.
A
Correct
there's
one
in
the
queue
right
now
there
is
one
in
the
queue.
Okay,
great!
Thank
you.
Sorry,
there's!
No
one
got
it
all
right.