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From YouTube: Town of Bluffton - Affordable Housing Committee Meeting Thursday, March 2, 2023 at 10:00 AM
Description
I.CALL TO ORDER
II. ROLL CALL
III. ADOPTION OF THE AGENDA
IV. ADOPTION OF MINUTES
1. February 2, 2023
V. OLD BUSINESS
VI. NEW BUSINESS
1. Introduction of new committee member
2. FY23 Neighborhood Assistance Program Budget Update
VII. PUBLIC COMMENTS
VIII. DISCUSSION
1. 1095 May River Road Update
IX. ADJOURNMENT
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A
Council
meeting,
which
I
believe
is
March
15th,
if
I'm
not
mistaken
or
maybe
before,
then
then
we
can
pick
up
our
spending
again.
I
just
have
not
turned
those
in
because
I
didn't
want
those
families
waiting
and
I
do
give
them
an
update.
You
know
right
now
we're
at
a
pause
with
our
spending.
You
are
next
in
line
as
soon
as
our
funds
are
released.
So
that's
why
we
have
pause
there
with
the
getting
income
verification.
A
Thank
you
all
right
and
I
will
skip
over
to
our
Excel
sheet.
So
you
can
see
it
kind
of
broken
down
a
little
bit
better.
I
do
want
to
point
out.
We
do
have
two
line
items
in
red
just
because
we
had
to
get
some
things
done,
all
right,
something
that's
sanitary
and
we
need
that
to
be
done,
ASAP
and
then
our
home
repair.
We
did
have
something
that
needed
to
be
done,
ASAP
as
well,
so.
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Mr
McGill
has
founded
small
businesses
and
was
a
radio
host
as
well
as
a
varsity
lacrosse
head
coach
for
local
high
school.
He
has
served
on
the
board
of
a
number
of
non-profit
organizations
as
well
as
chairing
a
number
of
committees
for
them.
Mcgill
is
a
former
city
councilman
who
served
on
the
public
works
and
safety
committees,
as
well
as
helping
develop
special
needs,
housing
for
the
city,
Doug
and
his
wife
has
raised
seven
children
and
are
amazed
at
how
many
of
them
now
want
to
visit
them.
A
C
D
Good
morning
everybody
I'm
Meredith
Watson
I
am
a
mortgage
loan
officer
with
South
State,
Bank
and
I
work
with
denola's
polite
I'm
here
at
the
branch
over
on
Oak
Forest
Drive
right
in
front
of
the
Kroger.
So
to
know,
what's
invited
me
to
come
here
because
I'm
trying
to
learn,
get
myself
injected
into
the
community
and
see
where
I
can
help
you
guys
and
I
wanted
to
educate
you
on
some
of
the
loan
programs
that
we
offer
at
South,
State,
Bank
and
being
as
you
were,
on
the
committee
of
affordable
housing.
D
We
have
a
product,
particularly
that
I
think
would
be
in
best
interest
of
you
and
and
clients
that
live
in
the
community.
It's
called
our
buyer's,
Advantage
Program
and
it
is
100
financing
with
no
mortgage
insurance.
It
is
a
South
State,
Bank
portfolio
loan
and
that's
huge.
We
don't
there's
no
other
lenders
in
this
area
that
offer
something
like
that.
So
it
really
can
help
clients
that
are
lower
income,
because
the
way
to
qualify
for
this
product
is
their
income
cannot
exceed
80
of
the
area
median
income.
D
D
The
debt
to
income
ratio
is
45,
which
is
standard
and
the
minimum
credit
score
would
be
640..
So
that's
just
one
product
we
have.
Of
course
we
offer
several
other
programs
agenda.
You
were
talking
about
in
this
and
I'm
just
new
to
this
I'm
just
reading
what
you
were
going
over,
but
we
offer
renovation
loans
too,
for
clients.
If
their
home
is
needing
repairs.
We
offer
renovation
loans
on
our
portfolio
as
well,
but
I'm.
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D
D
With
no
mortgage
insurance,
so
typically
when
you're
doing
a
Fannie,
Mae
product
and
you're
putting
less
than
20
down,
clients
are
required
to
pay
private
mortgage
insurance,
which
can
get
very
pricey
a
couple
hundred
dollars
a
month
depending
on
credit.
That's
income
ratio,
but
this
product
you
don't
have
to
put
anything
down
and
there's
no
mortgage
insurance.
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D
So
you're
asking
it
if
the
client
made
69
000
what
they
would
qualify
for,
how
much
that
would
be
I'd
have
to
run
some
calculations.
It
really
depends
on
their
current
debt
load.
So
if
they
have
no
debts,
then
I
would
just
calculate
what
the
mortgage
payment
the
proposed
mortgage
payment
would
be
I've
done
up
to
350
I.
Think
in
this
area
on.
D
A
D
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F
I
have
nothing
prepared,
so
I
want
to
start
with
that.
Just
a
quick
update
on
the
1095
May
River
Road
Project
staff
met
with
State
of
Mind
LLC.
Yesterday
with
the
engineer,
the
architect
land
planner,
just
to
kind
of
go
through.
Some
of
the
initial
comments
that
we
had
on
the
the
Cyclone
that's
been
provided
from
a
conceptual
standpoint.
We
have
it
set
at
14
units
that
would
be
Town
Homes
three
buildings,
so
you
have
two.
F
F
Play
into
the
the
final
design
we
are
planning
on
having
this
come
to
Town
Council
for
discussion
and
that's
on
your
agenda
in
March
and
then
from
there
we're
to
move
forward
and
we'll
keep
you
guys
abreast.
You
know
once
we
can
have
those
CAD
drawings
in
place
and
start
to
really
figure
out.
The
design
will
bring
a
bring
that
back
to
you
just
to
kind
of
give
you
a
presentation
of
it,
but
this
is
moving
forward.
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So
it
is
Vicky
did
a
wonderful
job
up
there,
so
you're
going
to
make
it
official
official
I
think
it's
until
about
July,
but
we
found
out
there
were
a
total
of
seven
applicants
going
for
the
award
and
they
called
us
pretty
quickly
on
Tuesday
morning
to
let
us
know
that
we
have
won.
So
we're
really
excited
about
that.
You
know
a
big
part
of.
Is
this
board
as
well
as
Town
Council?
F
A
G
Thank
you
and
hello
honorable
committee
members
again,
my
name
is
Shannon.
Green
I
am
an
employee
of
the
town
of
Bluffton.
This
is
now
my
third
meeting
attending
with
all
of
you.
Well
Kevin
hello,
Charlotte,
hello,
Our
Guest.
That
was
very
interesting
information.
South
state
bank
provided
I'm
here
to
just
give
you
an
update
both
on
my
personal
journey
and
trying
to
find
housing
here
in
the
town
of
Bluffton
and
to
just
give
you
a
continued
and
eye
on
what's
happening
in
the
short
60
days.
G
At
the
time
I
submitted
my
application
on
January
2nd.
The
cost
of
that
apartment
rental
rate
was
fifteen
hundred
dollars
completely
affordable
and
I
was
ready
to
jump
on
it.
I
submitted
my
application
and
paid
my
fees
by
the
January
19th
I
had
to
wait
for
payday
and
at
that
time
the
cost
of
that
apartment
had
jumped
to
15
20.
so
affordable.
Still
in
my
budget
I.
G
They
I,
don't
know
what
that
special
calculation
is,
but
she
said
I
was
closer
than
what
the
true
calculation
is.
If
you
do
it
so
so
so
I
still
had
hope,
and
this
was
on
January
19th,
sorry
January
20th,
about
two
weeks
later.
She
said
she
needed
because
I
was
not
needing
an
apartment
until
April
1st,
so
I
was
being
proactive
on
February,
2nd
I
did
a
follow-up
visit
with
the
same
leasing
agent,
and
at
that
time
the
the
rent
had
jumped
to
1631.
So.
G
G
and
a
result
of
that.
My
community
Sebastopol
it's
in
the
county
of
Sonoma,
which
is
north
of
South
San
Francisco
They,
established
a
rent
moratorium
because
they
could
see
that
the
displacement
caused
by
the
first
bad
fire
to
the
Cubs
fire
in
2017
was
going
to
create
a
a
great
housing
need
and
I
I
believe
they
said
a
10
cap
on
a
year-to-year
basis
so
that
any
increase
that
they
gave
to
new
or
existing
renters
could
not
exceed
that
10
or
they
would
be.
It
would
be
considered.
G
California
is
notorious
for
its
High
Cost
of
Living
and
I.
Just
am
I
just
my
personal
experience
of
witnessing
what's
happening,
and
just
a
such
a
short
time
right
here
in
our
beautiful
idyllic
town
of
Bluffton.
I
just
feel
like
they're
running
amok,
the
property
management
companies
of
taking
advantage
of
this
situation
of
the
high
desirability
of
here.
G
Maybe
some
overflow
of
our
neighbor
to
the
east,
Hilton
Head
I,
know.
Hilton
Head
is
having
its
own
issue
of
workers
who
work
on
Hilton
Head
are
not
able
to
afford
to
live
on.
Hilton
Head,
due
to
maybe
some
of
the
same
reasons
that
I'm
starting
with
all
of
you,
so
I
I,
don't
have
I'm,
not
a
speaker,
I'm
very
emotional
I'm,
a
sensitive
person
but
I
just
would
love
for
you
to
just
to
hear
my
experience
and
know
that
it's
that
it's
happening
to
others.
G
G
G
B
G
G
Their
two
bedroom,
so
the
two
bedroom
unit
that
was
priced
to
me
at
1500
and
is
online
now
at
2010.
It
is
a
two
bedroom
and
it's
still
surprise.
It's
they're
going
back
and
forth.
The
one
bedrooms
are
sometimes
higher
than
the
two
bedrooms,
the
two:
it's
it's
changing
daily
I.
They
definitely
have
some
type
of
algorithm
going
on
on
determining
you
know
how
high
they
can
price
each
one
so
that
the
blue
stone
actually
for
me,
was
going
to
be
a
two
bedroom,
but
all
I
need
is
a
one
bedroom.
G
Rental
agent
or
somebody
I'm,
Bare,
Bones,
okay,
grace
this
is
just
I
thought
it
was
going
to
be
a
simple
task
when
I
started
out,
and
now
it's
become
very,
not
overwhelming,
but
it's
it's
really
opened
my
eyes
and
I'm.
Just
wanting
to
share
my
experience
with
all
of
you
so
that
you
can
get
a
first-hand
account
well.
G
Anything
that's
available
and
I'm
on
a
mission,
I'm
a
tenacious
person,
so
right
now,
I
today,
today,
I
wasn't
even
really
going
to
come
today,
because
I
really
had
resigned
myself.
That
I
will
just
have
to
stay
in
the
unit
that
I'm
in
now
in
Hardeeville,
which
is
not
ideal
it
and
take
whatever
five
percent
or
whatever
they
have
even
quoted
me.
G
G
C
C
E
H
H
H
H
E
E
H
Going
to
third
reading
for
County
Council,
what
does
that
look
like
again,
not
challenging
the
fee
schedules
but
more
to
the
process?
If
we
don't
know
who's
going
to
evaluate
and
determine
the
fees
and
then,
where
they're
going
to
pay,
it
I
just
foresee
that
prolonging
the
permit
process
and
and
making
that
more
challenging.
So
they're.
C
H
C
Hit
a
little
closer
to
it:
okay,
yeah
soon,
but
but
I
know
that
there's
any
anything
that
might
help
that
we
might
be
doing
to
support
it
or,
if
there's
anything
that
they
can
share
with
us,
then
give
us
I,
guess
some
support
in
what
we're
doing,
because
we'll
be
in
Bluffton
and
maybe
outside
of
the
town
limit.
But.