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From YouTube: Town of Bluffton Affordable Housing Committee 10AM
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A
July,
7th,
2022
and
town
of
bluffton,
affordable,
housing
committee
meeting
is
now
called
to
order.
Can
we
get
a
roll
call?
Please.
C
A
C
E
A
C
A
A
A
Are
you
going
to
present
the
new
business
then.
B
Yes,
sir,
let
me
go
ahead,
as
you
know,
we're
beginning
our
new
fiscal
year
and
we're
continuing
with
the
same
budget
that
we
had
in
our
last
fiscal
year.
I
won't
go
through
the
numbers
for
each
of
our
programs,
but
again
the
the
budget
remains
the
same
190
for
the
home
repair
for
safe
and
dry
repairs.
B
B
A
Okay,
thank
you
any
any
questions
or
comment
on
on
the
report.
D
I
am,
mr
chairman,
I
think
well
thank
you,
members
of
the
affordable
housing
committee
for
having
me
here
today.
I
I
would
love
to
be
able
to
present
you
with
a
you
know.
Just
a
signed
agreement
here
are
the
signature
pages.
This
is
where
we
stand,
unfortunately,
we're
not
quite
there
yet.
D
I
do
believe
that
the
town
manager
is
meeting
with
the
head
of
the
development
firm.
That's
working
on
this
affordable
housing
agreement
later
today
to
discuss
the
progress
and
what
what
may
be
holding
that
up.
As
far
as
where
we
stand,
we
have
an
agreement
that
town
council
as
y'all.
Well,
as
I
assume
the
affordable
housing
committee,
knows
that
the
town
council
has
approved
in
principle,
subject
to
a
few
minor
modifications
that
we
were
making.
D
One
of
those
modifications
was
a
you
know
originally
attached
to
the
document
was
a
proposed
set
of
affordability,
covenants
that
dealt
with
rental
restrictions,
but
since
the
first
project
that
we're
doing
is
going
to
be
single-family
home
ownership,
those
have
to
be
revised
and
what
we're
using,
as
our
baseline
document,
has
been
prepared
by
the
by
the
city
of
charleston,
so
we're
using
some
covenants
that
the
city
of
charleston
has
done
for
some
single
family
home
ownership
projects
in
the
past
and
just
modifying
those
to
make
sure
that
they
fit
fit
for
1095
may
river
road.
D
If
I'm
providing
too
little
information
or
too
much
information,
y'all
jump
in
and
please
please
ask
any
questions
that
you
that
you
have.
As
you
all
know,
this
1095
may
river
road
project
is
going
to
be
it's
intended
to
be
14.
I
believe
14
properties
excuse
me
14
units
and
or
up
to
14
units,
possibly
12,
and
it's
going
to
be
mixed
mixed
income
levels.
D
So
they're
going
to
be
certain
that
are
going
to
be
designated
for
60
and
below
ami
certain
that
are
going
to
be
designated
for
80
and
below,
and
certain
for
100
and
below.
It's
also
going
to
be
mixed
bedroom
types.
As
far
as
we
know
from
consul
from
consulting
with
the
developer,
the
project
still
seems
to
be
a
priority
of
theirs.
D
D
This
is
kind
of
speculation,
but
I
anticipate
is
perhaps
slowing
this
process
down
a
little
bit
is
the
uncertainty
regarding
interest
rates,
because
they're
going
to
have
to
secure
financing
as
well
as
material
costs
and
making
sure
that
the
agreement
adequately
covers
any
substantial
rise
in
any
of
those.
I
we
think
it
does,
while
also
protecting
the
town,
but.
D
E
Yes,
this
is
grace
staples.
I
I
do
have
a
question
you
said
60
below
80
below
100
below
is
that
60
below
income
total
family
income?
What.
D
Yes,
ma'am
so
miss
staples,
the
the
selling
that
we
have.
D
D
E
D
So
a
qualified
household
is
going
to
be
a
household
that
meets
the
mandatory
ami
requirement,
be
it
60
or
below
80
percent
below
100
of
blood,
but
also
has,
but
also
will
be
of
an
appropriate
household
size
to
fit
within
the
appropriate
unit
so
that
we
don't
have
a
household
with
five
or
six
individuals
trying
to
get
into
a
one
bedroom
or
a
two
bedroom.
I
think
it's
about.
D
It's
making
sure
that,
or
you
know
a
household
of
two
going
into
a
three-bedroom
household
or
a
unit
that
may
be
available,
so
the
way
that
we
structure
that
is
based
off
of
household
size,
it's
tied
to
the
hud
determination
of
area,
median
income
from
beaufort
county,
and
that
will
obviously
change
yearly,
and
it's
built
into
the
agreement
to
be
adjusted.
As
of
the
attempt,
the
anticipated
date
of
purchase
of
the
unit,
so
just
because
you
qualify
in
2022,
doesn't
necessarily
mean
when
the
units
are
up
for
sale
in
2023
or
2024.
You
may
qualify.
E
E
D
We
have
a
general
idea
and
the
general
idea
is
is
sort
of
what's
being
hammered
out.
So
the
way
that,
again,
that
this
agreement
is
structured
is
that
there
are
deadlines
for
the
developer
to
deliver
certain
materials.
This
first
phase
is
going
to
be
a
lot
of
the
soft
cost
associated
actions
like
getting
getting
everything
designed
and
permitted
making
sure
that
the
town
signs
off
on
the
architectural
renderings.
D
What's
going
to
happen
on
the
how
the
interior
is
going
to
be
done
and
the
site
plan
once
they
have
that
they'll
need
to
get
their
financing
in
order,
and
we
have
that
scheduled
for
anywhere
from
that
period
from
90
to
180
days.
D
One
of
the
things
that
we
want
to
make
sure
that
we
do
is
give
enough
time
so
that
the
developer
doesn't
have
to
come
back
to
town
council.
You
know
repeatedly
to
request
extensions
of
that
deadline,
but
also
be
reasonable
and
not
give
them
an
entire
year
to
get
stuff
done.
They
can
be
done
in
six
to
nine
months,
so
there
was
that's
part
of
what's
being
being
worked
on
and
and
we're
quite
frankly,
because
we're
not
developers.
D
We
have
developed
new
single
properties,
but
not
really
have
any
recent
work
with
developing
apartment,
apartment
units
or
townhomes,
we're
deferring
a
little
bit
to
the
developer
to
provide
what
they
believe
is
a
reasonable
time
frame.
So
I
I
would
say
wishful
thinking
would
be
as
early
as
the
beginning
of
2023.
D
A
Richardson,
thank
you.
Her
original
her
misstable's
original
question
may
have
got
a
little
distorted.
She
said
60
and
below.
D
So
we
have,
we
have
three
different
categories
that
we
designated.
There
is
low
income,
moderately
low
income
and
median
income.
So
what
we
have
is
median
income
is
100
is
essentially
80
to
100
of
the
ami
moderately
low
income
is
that
60
to
80
and
then
units
that
are
designated
for
low-income
individuals
is
60
or
below.
D
So
if
you
qualify
as
a
if
you
qualify
for
the
60
or
below,
there
will
be
a
handful
of
units
available
there,
but
it's
also
going
to
be.
You
know
those
qualifications
are
going
to
be
dependent
upon,
or
maybe
I'm
just
trying
to
make
sure
that
I
say
this
correctly:
the
ability
to
adequately
supplement
that
income
to
be
able
to
get
a
to
get
that
loan.
D
That's
a
a
lot
of
the
way,
a
lot
of
the
time
with
these
with
the
ami
requirements,
it's
easy
to
put
them
into
into
a
frame
when
you're
dealing
with
rents.
When
you're
dealing
with
the
actual
purchase
of
purchase
of
single
family
homes,
it
can
sometimes
be
more
complicated
because
of
the
you
know,
the
income
difficulties
that
we
can
have
with
qualifying
and
how
it's
going
to
be
determined
with
the
amount
of
the
down
payment
and
I'm
getting
a
little
bit.
C
D
A
F
Sheets
and
I'm
looking
at
richardson,
it
looks
like
he's
going
to
look
for
them,
but
each
of
the
project
sheets,
because
I
know
each
of
the
projects
had
different
mixes
that
we
had
talked
about
in
the
past.
It's
been
a
long
time
in
the
past,
but
I
know
each
project
was
different.
D
I
do
so
for
1095
may
river
road,
it's
going
to
be
12,
single-family
residential
dwelling
units
and
all
units
are
going
to
be
constructed
for
single-family
home
ownership.
A
And
and
like
again,
you
still
haven't
defined.
What
is
how
how
what
is
below
60.
you
need
to
I,
I
still
need
a
visual
of
what
60
meter
low
could
be
everywhere.
So
what
what
is
below.
D
C
My
memory,
which
is
fallible,
I
agree
with
fred-
I
I
remembered
originally
the
60
80
200
ranges
and
I'm
you
know
I
don't
have
a
problem
going
below
60
personally,
but
then
you
get
into
the
affordability
factor.
If
you
you
know,
if
you
go
too
low,
you
actually
can't
afford
the
house
to
begin
with.
G
I'm
this
is
john,
I'm
a
little
confused
here.
How
is
the
pricing
affected?
I
understand
qualification
of
buyers.
You've
got
one
group
of
people
that
can
qualify
under
60
and
another
group.
You
know
above
or
it's
a
hundred
or
more,
but
but
how
does
the
pricing
fit
into
that?
Is
it
all
the
same
pricing
or
I
mean,
what's.
D
You're
you're
right
so
the
way
that
it
typically
works
and
again
it's
it's
easiest
to
you
know,
consider
this
in
the
in
the
context
of
rentals,
but
then
I'll
discuss
it
in
the
context
of
home
ownership.
So
the
way
that
we
typically
define
affordable
rent
is
that
a
monthly
rent,
inclusive
of
a
reasonable
utility
allowance,
which
would
be
your
electric
utilities,
your
water
utilities,
there's
a
figure,
that's
usually
set
by
your
local
housing
authority.
D
So
buffer
housing
authority
will
set
a
utility
allowance,
a
you
know,
192,
so
your
monthly
rent,
plus
your
reasonable
util
utility
allowance
cannot
exceed
if
first
for
a
one
of
those
low
income
units,
the
lesser
of
one
twelfth
of
thirty
percent
of
60
of
the
area
median
income.
So
essentially
you
take
the
area
median
income.
60
of
that
you
divide
it
by
12,
so
you
have
essentially
your
monthly
area
median
income
60
and
your
housing
costs
cannot
exceed
that
30
figure.
D
So
no
more
than
30
percent
of
your
income
can
go
to
the
housing
costs,
that's
how
they
do
qualified
rents.
It
is
a
complex
matrix
that
they
that
hud
has
developed
for
what
is?
What's
a
fair
cost
when
you're
dealing
with
single-family
home
ownership,
it's
a
little
bit
different,
because
the
way
that
it's
structured
is
going
to
be
dependent
upon,
you
know
the
ability.
D
To
put
down
what
as
a
down
payment,
because
your
you
know,
your
monthly
costs
can't
really
be
determined
on
the
front
end
other
than
you
know.
What
is
your
mortgage
going
to
be?
What's
any
of
your
homeowners
association
fees?
What
are
your
utility
costs
and
insurance
costs
and
that
should
not
exceed
more
than
30
of
your
your
monthly
income
and
that's
considered
a
you
know
a
fair
standard
recently,
and
let
me
see
if
I
can
find
this
it
is
not
in,
is
not
as
part
of
this,
but
I
reviewed
it
as
a
separate
context.
F
If
I
could
richardson,
I
don't
know
if
this
is
what
you're
looking
for,
if
it
would
be
helpful,
but
staff
has
pulled
together
because
they
do
have
the
housing,
affordability
matrixes,
because,
yes,
pricing,
it's
always
going
to
fluctuate
based
on
the
the
family,
the
family,
size
and
things
like
that,
but
the
fair
market
rent
that
takes
into
account.
You
know
your
utilities
and
number,
but
all
that
good
stuff.
F
That
makes
it
very
complicated
like
richardson
said-
and
I
do
have-
and
I
will
admit-
I'm
not
savvy
enough
with
microsoft
teams
to
know
if
I
can
even
share
this
since
I'm
not
the
organizer.
But
I
don't
know
if
this
is
what
you're
looking
for
richardson,
but
so,
for
example,
the
beaufort
county,
hud,
fair
market
rent,
and
they
have.
We
also
have
one
for
home
ownership
too.
F
That
kind
of
gives
a
guide,
for
example,
for
a
three
bedroom
fair
market
rent,
which
is
the
utility
allowance
plus
base
fair
market
rent,
would
be
sixteen
hundred
dollars
and
eighteen,
sixteen
one
thousand
six
hundred
eighteen
dollars.
The
utility
allowance
is
268
dollars
and
that
fair
market
rent
without
utilities
is
13.50.
So
there's
there's
a
matrix
there,
and
we've
also
tried
to
calculate
it
with
using
the
like.
I
said,
the
housing
affordability
as
well,
and
it
looks
like
maybe
kevin's
trying
to
pull
that
up.
F
So
I
don't
know
as
if
that
that
helps
answer
some
of
the
questions
concerning
what
those
costs
would
be.
D
D
In
here's,
here's
some
here's
an
analysis
that
we've
done
kind
of
somewhat
recently
in
another
context
as
to
what
is
an
affordable
home
purchase
price
in
beaufort
county
and
so
a
lot
of
these
numbers
are
have
been,
have
probably
changed
since
then,
but
you're
looking
at
a
median
home
purchase
price
in
this
area
of
roughly
375
000.
D
You
look
at
your
loan
length
30
years
and
you
know
360
months
what
your
reasonable
loan
amount's
going
to
be,
whether
that's
going
to
be
a
20
down
payment
or
a
more
likely
3.5,
so
that
you
can
qualify
as
a
first-time
homeowner
under
under
some
of
those
hud
programs
and
then
your
additional
monthly
payments,
which
include
property,
tax
accounting,
property
tax
for
the
town,
property,
tax,
school
district
property,
tax,
fire
district,
solid
waste
fees,
your
standards,
utilities,
other
utilities
and
homeowners
insurance.
D
So
what
we
have
done
is
you
try
to
calculate
what
a
reasonable
monthly
payment
is.
So
if
you
put
375,
if
you
buy
375
000
home,
assume
you
put
down
20
you're,
going
to
have
a
loan
amount
of
about
300
000
with
a
3.2
interest
rate,
which
is
probably
a
little
bit
low
right
now,
you're
looking
at
a
monthly
payment
of
13.01.
D
What
we
then
try
to
determine
is
what
is
that
monthly
cost?
What
sort
of
percentage
is
that
compared
to
the
area
median
income
for
that
percentage
level?
So
we
worked
off
a
hundred
percent
and
just
using
the
area
median
and
house
price
versus
100
ami
you're,
looking
at
the
cost
burden.
Percentage
of
you
know,
honestly
anywhere
from
34
to
up
to
40
and
hud
wants
you
to
be
at
that
30
figure.
D
So
the
idea
how
we
would
work
this
in
the
context
of
affordable
housing
development
is
we're
not
going
to
be
selling
for
the
median
home
price.
The
developer,
when
they
get
in
they're,
going
to
have
to
figure
out
a
home
price
that
will
allow
a
qualified
individual
to
purchase
and
meet
those
30
thresholds.
D
So
you
essentially
work
in
reverse
order.
You
know
what
your
percentage
is
going
to
be.
You
know
what
your
60
area
median
income
is,
and
what
your,
what
your
monthly
income
will
be.
How
do
you
get
to
30
when
you
incorporate
all
of
those
fees
and
costs,
and
so
your
purchase
price
is
right,
is
likely
going
to
drop
from
375
000
to
let's
say
155
or
160
000,
and
so
the
town
subsidy
by
providing
the
land
by
providing?
D
D
No,
sir,
so
the
the
the
subsidies
are
on
the
front
end
by
offsetting.
Some
of
the
costs
associated
with
the
engineering
work
and
the
architectural
renderings,
and
the
way
that
this
agreement
is
structured
is
we're.
Putting
up
the
town's
putting
up,
I
said.
Excuse
me,
the
town
is
putting
up
the
money
on
the
front
end
to
prepare
all
of
the
you
know
the
design
documents,
the
cycling,
the
engineering
work,
the
architectural
work
and
then
is
going
to
deed
the
property
over
without
any
sort
of
money
coming
back
to
it
to
the
developer.
D
Once
all
those
documents
are
signed
off
and
hold
those
documents,
as
essentially
the
collateral,
so
that
if
the
developer
doesn't
go
through
we're
going
to
have
the
right
to
get
the
land
back,
but
also
have
the
right
to
all
of
those
documents
that
we've
paid
for
so
that
if
this
deal
for
some
reason
it
just
does
not
because
it
becomes
financially
impractical
and
practical
for
the
developer
to
move
forward
on
the
town
isn't
starting
over
from
square
one.
We've
got
the
site
plan,
we've
got
the
architectural
renderings.
D
We've
got
a
lot
of
the
information
we
need
to
be
able
to
push
this
project
through
with
maybe
another
developer.
That's
not
the
hope,
but
that's
the
that's
the
way
we've
structured
it.
So
the
developer
yeah,
what
we're
hoping
to
do
is
lower
the
costs
that
are
being
put
out
by
the
developer,
to
develop
this
project
sufficiently
that
they
can
sell
these
units
at
these
at
these
lower
costs
than
they
would
otherwise
be
able
to
sell
a
you
know,
a
market
rate
campaign.
C
C
C
Yeah
and
the
other
thing
about
the-
and
I
knew
the
average
median
home
in
beaufort
county
was
375.,
but
that
being
said,
the
square
footage
of
the
of
that
size
house
versus
the
square
footage
of
the
houses
we'll
be
building
are
not
the
same.
C
A
But
we
still
we're
still
at
a,
I
guess,
a
crossroad
because
we
haven't
heard
from
the
developer.
D
I'm
sorry
councilman
hamilton
I've
got
spotty
spotty
service,
apparently
over
by
my
computer.
So
I
thought
I
thought
you
had
paused
and
I
interrupted
you.
A
No,
I
was
just
gonna
say
that
basically
saying
I'm
basically
saying
we
still
don't
have
enough
information
for
us
to
put
based
on
what
we
get
when
we
sign
the
contract
or
even
have
a
developer,
give
us
what
product,
they're,
gonna,
build
and
square
footage
and
with
interior
use
whatever.
So
we
still.
A
Get
close
enough
to
numbers
until
developers
give
us
more
information,
and
are
you
going
to
be
in
that
meeting
today
at
two
o'clock.
D
I
I
was
not,
I
was
not
planning
on
being
in
that
meeting.
I
think
I
think
it
was
stephen
and
I'm
saying
it
was
just
stephen
and
the
gentleman
from
state
of
mind
mr
heard
kirsten,
but
I
didn't
know
I
was
not
planning
on
being
there.
F
No
sir,
it
is
just
stephen
and
bill.
A
Dan,
I'm
out
of
town,
I
would
I
would
please
ask
that
you
asked
stephen.
If
you
could
be
president
of
that
meeting,
we
need
we
need
some.
We
need
some
more.
C
Well,
I
I'll
heather.
If
you
will
talk
to
stephen,
I've
got
to
run
as
soon
as
I
get
through
here
hilton
head
and
then
I've
got
a
12
30
call,
I
would
say
if
you
can
get
with
stephen
and
mention
that
and
then
I'll
make
it
a
point
to
try
to
be
there.
C
C
You
have
obviously
dissected
just
staying
into
a
science,
nuts
and
bolts
and
numbers,
and
everything
you're,
obviously
well
educated,
on
what
we're
trying
to
do
here,
but
I'm
definitely
disappointed
by
the
progress
I
mean
you
know.
A
year
ago,
prices
of
inventory
went
through
the
roof,
which
I
understood,
but
mortgage
rates
were
low.
Well,
now
pricing
is
dropping,
but
mortgage
rates
are
rising.
D
D
If
I
can
just
quickly
add
just
to
provide
a
little
bit
as
you
all
saw
today,
it
really
is
a
this
is
a
complicated
agreement,
there's
obviously
going
to
be
risk
for
the
town
being
the
you
know,
putting
up
the
money
up
front
as
trying
to
minimize
and
mitigate
that
risk,
and
also
from
the
developer
standpoint.
They
it's
going
to
be
difficult
for
the
developer,
to
try
to
make
sure
that
schedule
works.
The
budget
works
when
we
have
interest
rates
that
seem
to
be
going
all
over
the
place
and
also
the
the
cost.
D
I
I
do
think
it's,
except
that
they
could
have
been
very
easy
to
put
together
a
form
mou
that
didn't
go
into
as
much
detail,
but
I
think
the
likely
scenario
would
have
been
having
to
come
back
to
revise,
revise,
revise
and
revise
what
we're
hoping
to
put
together
here
is
a
framework
that
can
be
replicated
easily,
that
everybody
knows
their
process.
Everybody
knows
the
steps,
nobody
knows
who
is
responsible
for
what
action,
and
I
am
also
disappointed
with
the
the
pace
of
it.
D
I
would
love
nothing
more
than
to
have
this
agreement
signed
and
us
moving
forward
on
this
construction,
but
I
I
think
this
is
one
of
the
first
at
least
that
I
can
tell
one
of
the
first
true
public
private
partnerships
for
affordable
housing
in
beaufort
county
and
the
way
that
it's
being
designed.
I
know
that
we've
had
we've
had
interest
from
other
jurisdictions
around
here
who
are
wanting
to
do
similar
things
looking
for
copies
of
this
agreement
to
be
able
to
make
sure
that
they
can
replicate
and
do
it
on
their
own.
D
So
again,
I
I
can't
I
can't
discount
the
concerns
with
the
timing.
A
Where's,
the
that's
probably
why
dan
being
at
that
meeting
today
would
help,
because
there
are
some
other
support
that
we
can
get
from
enough
from
this
other
housing.
Trusting
trust
fund,
that's
being
developed,
but
you
know
sometimes
I
look
at
that
as
first
come
first
serve
and-
and
I
think
we
need
to
be
in
a
place
where
we
can
be
first
in
line-
and
maybe
then
you
can
help
translate
that
to
the
developer
of
the
day.
It
might
and
might
might
help
us
a
little
bit
as
far
as
negotiation
goes.
G
This
is
john
again
a
year
ago,
or
maybe
it
was
two
years
ago
we
were
talking
about
three
properties
and
the
the
big
one
was
over
by
the
hargrave
site.
Are
those
completely
off
the
table
until
we
get
figure
out?
How
may
river
road
can
can
get
done.
E
A
Council
made
a
decision
that
we
wanted
to.
A
I
guess
feel
our
way,
if
that's
probably
a
good
way
to
say
to
make
sure
that
we
get
a
good
relationship
on
one
project
first
and
and
this
being
probably
the
easiest
one
to
construct.
A
We
decided
that
this
would
be
one
that
will
say:
okay,
this
really
working
or
not
so,
but
no,
the
others
are
not
off
the
table.
It's
just
that
it's
been
it's
it's
been,
it's
been
difficult
as
far
as
you
can
see
the
product,
the
process,
the
progress.
A
So
now
we
we're
just
trying
to
make
sure
we
we
have
the
right
fit
in
every
angle,
so
this
will
be
a
good
project
to
to
measure
by.
D
Nonetheless,
you
wanted
me
to
answer
anything
about
those,
those
three
properties,
but
it
was
originally
that
was
the
structure
of
the
agreement.
It
was
everything
was
tied
together
and
then
as
circumstances
changed
and
as
we
kind
of
dove
into
the
agreement.
Town
council
with
you
know
discussing
it
with
terry,
with
my
with
myself
and
with
stephen
and
heather,
and
all
the
entire
team
over
the
town.
D
D
A
Heather
kevin:
do
you
guys
have
anything
you
want
to
share.
F
A
All
right
thanks
everyone
for
a
good
meeting,
and
hopefully
things
go
well
and
we'll
have
a
better
report
next
month.