►
Description
Docket #0357 - This hearing will discuss ways in which the City can provide residents a path to homeownership through a rent-to-own pilot program
B
B
I
am
joined
this
afternoon
by
my
colleagues,
councilor
fernandez,
anderson
of
district
7
and
at-large
city
councilor,
roosevelt.
This
hearing
is
being
recorded.
It
is
being
live,
streamed
at
boston,
dot,
gov
forward,
slash
city
dash,
council
dash
tv
and
broadcast
on
xfinity
channel
8,
rcn,
channel
82
and
fios
channel
964..
B
Today's
hearing
is
on
docket
number
zero
375,
an
order
for
hearing
to
explore
a
run
to
own
pilot
program.
This
matter
was
sponsored
by
councillor
fernandez
anderson
and
is
referred
to
the
committee
on
housing
and
community
development
on
march
9th
2022
we'll
be
taking
public
testimony
at
the
end
of
this
hearing.
If
you
are
here
with
us
in
the
chamber,
please
make
sure
to
sign
up
on
the
sheet
near
the
chamber
entrance
and
for
all
testimony.
Please
state
your
name
neighborhood
or
affiliation,
and
we
will
keep
the
testimony
comments
to
two
minutes
joining
us
today.
B
From
the
mayor's
administration,
we
have
joel
wool
who's,
the
chief
of
staff
chief
procurement
officer
of
the
boston
housing
authority,
christine
mccrory,
the
director
at
the
boston
home
center
and
jessica
boatwright.
The
deputy
director
for
neighborhood
housing
development
also
joining
us
today
is
josh
shakom,
former
boston
city
councillor
and
the
executive
director
of
housing
forward
massachusetts.
B
C
C
B
D
There
is
a
potential
here
for
us
to
reduce
the
barriers
to
homeownership
and
helping
folks
build
wealth
in
a
way
that
is
both
responsive
to
the
policy,
harms
that
we've
done
historically
that
have
prevented
families,
especially
black
and
brown
families,
from
being
able
to
build
wealth
through
homeownership.
So
I'm
looking
forward
to
learning
from
all
of
you
and
want
to
thank
again
the
counselor
for
proposing
this
hearing
order.
Thank
you.
E
Thank
you,
counselor
laura,
thank
you
for
your
important
work
as
the
as
the
chair,
and
I
want
to
say
thank
you
to
both
of
my
both
of
our
colleagues
council,
lujan
and
councillor
fernandez
anderson
as
well
their
leadership
and
their
important
work,
and
want
to
acknowledge
the
administration
team.
That's
here,
and
I
also
want
to
acknowledge
my
former
colleague
josh
council
josh
sacombe,
who
was
an
excellent
colleague
and
had
a
tremendous
opportunity
to
learn
from
josh
on
many
issues,
including
affordable
housing
issues
and.
E
B
F
A
F
Christine
mccrory
and
I'm
the
assistant
director
of
the
boston
home
center's
home
buyer
programs.
We
currently
do
not
have
any
rent
to
own
programs,
but
here
today
to
listen
is
to
take
the
issue
and
suggestions
back
to
the
working
group
which
is
scheduled
to
meet
in
early
september
to
explore
such
programs
in
boston.
Though
we
do
not
have
rent
to
own
programs
in
place.
We
do
offer
assistance
and
opportunities
for
boston
residents
to
help
them
become
homeowners,
with
over
27
years
of
experience
with
education
and
counseling.
F
The
boston
home
center
seeks
to
strengthen
boston
neighborhoods
through
home
buyer
education
classes,
seminars,
counseling
so
first-time
homebuyers,
understand
the
home
buying
process
and
have
access
to
sound,
affordable
and
sustainable
mortgage
products.
The
foundation
of
successful
long-term
home
ownership,
the
boston
home
center
also
offers
programs
and
services
to
help
boston,
homeowners,
retain
and
maintain
their
homes,
our
down
payment
and
closing
cost
assistance.
Programs
and
our
participating
lenders
work
with
first-time
homebuyers
to
get
them
into
affordable
and
sustainable
mortgage
products
designed
for
first-time
homebuyers
like
the
mhp
one
and
the
oneplus
and
mass
housing
loans.
F
F
The
mayor's
office
of
housing
provides
funding
for
50
home
buyer
classes
per
year,
and
last
year
we
there
were
two
thousand
two
hundred
sixteen
graduates.
Sixty
three
percent
were
of
whom
were
bypark
households
this
past
year.
We
also
started
a
credit
boot
camp
program
with
urban
edge
and
so
far
we
to
help
people
improve
their
credit
score,
so
they
would
better
be
prepared
to
purchase
a
home.
So
far
we
have
enrolled
91
participants.
F
In
this
program
I
mean
who
are
working
on
increasing
their
credit
score.
We
also
help
first-time
home
buyers,
purchase
a
new
home
through
our
affordable
housing
lottery
program,
the
neighborhood
homes
initiative,
as
well
as
through
resale
affordable
of
affordable
units.
In
fiscal
year
22
we
assisted
27
buyers
to
purchase
their
home
through
the
neighborhoods
homes
initiative.
Ninety
percent
of
these
buyers
were
bypass
households
and
eighty-eight
percent
of
them
had
incomes
less
than
eighty
percent.
Among
ami.
Among
these,
22
percent
of
them
had
incomes
less
than
60
percent
ami.
F
These
units
were
located
in
jamaica,
plain,
dorchester,
matapan
and
austin
brighton.
In
addition,
we
assist
owners
of
deed,
restricted
property,
sell
their
units
and
certified
buyers
for
deed,
restricted
resales
in
fiscal
year
22
we
certified
24
resale
units.
Again,
50
percent
of
these
buyers
were
bypass
households
and
had
91
percent
of
them
had
incomes
of
less
than
80
ami.
F
Lastly,
and
most
importantly,
the
bhc
provides
financial
assistance
to
homebuy
home
buyers
through
our
financial
assistance
programs.
We
currently
have
three
such
programs
for
home
purchases.
The
one
plus
boston
program,
which
is
a
zero
interest,
deferred
loan
for
boston
residents
for
those
working
in
boston
or
for
those
who
have
previously
lived
in
boston
with
in
the
past
two
years,
but
who
have
been
displaced
due
to
high
rents.
F
This
loan
is
due
upon
sale,
refinance
or
transfer
of
the
property,
but
with
this
program,
participants
can
receive
up
to
fifty
thousand
dollars
in
down
payment
and
closing
cost
assistance,
in
addition
to
an
interest
rate
subsidy.
This
is
based
on
me.
The
one
plus
program
is
for
households
with
incomes
less
than
a
hundred
percent
of
the
area,
meaning
income.
There
is
an
interest
rate
subsidy
of
one
percent
for
buyers
under
80
percent
and
half
a
percent
for
buyers
between
81
and
100
median
income.
We
also
have
financial
assistance
for
non
one
plus
mortgages.
Again.
F
It's
zero
interest
deferred
loan
for
those
buying
in
boston
with
incomes,
household
incomes,
less
than
135
percent
of
area
meeting
income
eligible
buyers
can
receive
down
payment
and
closing
costs
based
on
need
and
based
on
property
type.
So
for
a
single
family
home
they
could
receive
up
to
thirty
thousand
dollars
for
a
condo.
For
a
single
and
a
condo
for
a
two
family
up
to
thirty
five
thousand
dollars
and
for
a
three
family
up
to
forty
thousand
dollars,
our
final
program
is
the
austin
brighton
home
ownership
fund.
F
This
again
is
a
zero
interest
deferred
loan
for
that
those
buying
in
austin
brighton
and
its
maximum
income.
Up
to
135
percent
of
your
remaining
incomes,
buyers
can
receive
up
to
fifty
thousand
dollars
in
down
payment
and
closing
cost
assistance
in
fiscal
year
22.
We
helped
157
buyers
through
these
programs.
Buyers
received,
on
average
about
19
000
in
down
payment
and
closing
cost
assess
assistance.
F
63
of
these
households
were
bypass,
households
and
53
percent
of
them
had
incomes
of
less
than
80
area,
meaning
income.
One
final
program
that
we
also
are
working
in
partnership
with
mass
house
with
massachusetts.
Portable
housing
alliance
is
the
first
gen's
stash
program
where
we
provide
funding
to
existing,
to
help
first
generation
home
buyers
and
help
expand
the
availability
of
this
home
buyer.
For
these
residents
we
provide
maha
with
funding
to
give
first-gen
buyers
a
two-to-one
match
of
up
to
five
thousand
dollars
that
they
can
use
towards
purchasing
a
home.
F
So
far,
21
participants
in
boston
have
taken
advantage
of
this
program
and
have
purchased
the
home
in
boston.
The
program
programs,
often
by
offered
by
the
boston
home
center,
can
help
low
moderate
buyers
overcome
many
of
the
barriers
of
home
ownership,
such
as
down
payment
closing
costs,
but
we
acknowledge
there
are
still
some
barriers
and
we
are
very
interested
in
listening
to
this
rent-to-own
discussion
and
finding
out
what
else
we
could
do
to
help
overcome
these
barriers.
Thank
you.
B
B
G
G
I
wanted
to,
I
think,
offered
briefly
just
a
little
bit
of
perspective
of
what
we
do,
and
I
know
that
many
of
you
work
very
closely
with
the
bha
with
bha
program
participants
of
various
kinds.
But,
generally
speaking,
you
know
we.
We
certainly
have
the
physical
plant
infrastructure,
public
housing
and
we
provide
rental
vouchers,
both
throughout
the
city
of
boston
and
across
eastern
massachusetts
across
our
programs.
Those
the
subsidy
is
designed
to
keep
the
tenants
rent
burden
at
30
percent
of
their
income.
G
In
the
various
scenarios.
We
are
a
property
owner
and
manager
we're
channeling
subsidy.
We
are,
you,
know,
owning
land
that
could
be
developed,
we're
thinking
about
how
to
use
and
redevelop
land,
and
in
some
cases
we
have
financial,
empowerment
or
partnerships
with
non-profits
or
other
public
agencies
that
help
people
build
assets,
build
wealth
or
get
to
a
place
where
they
are
closer
to
becoming
a
homeowner
or
achieving
their
goals.
G
I
mentioned
these
things
because
I,
as
I
was
thinking
about
the
idea
that
counselor
anderson
and
the
sponsor
has
put
forward,
there's
a
number
of
different
pieces
of
the
puzzle
right
who's
owning.
If,
if
we
move,
if
the
city
opted
to
move
forward
with
some
version
of
this
pilot,
who
is
the
owner
of
the
land
who's,
the
owner
of
the
property?
Is
there
subsidy
going
to
the
tenant
and
at
what
point
are
they
becoming
an
owner?
G
What
is
what
the
federal
government
would
call
cost
burden
so,
when
I
think
about
programming
where
a
tenant
is
paying
their
rent
or
paying
contribution
and
becoming
an
owner
over
time,
my
mind
mainly
goes
to
in
addition
to
who
owns
what
and
how
is,
how
are
the
different
parties
connected?
It's
also
for
the
household.
How
do
we
keep
the
overall
cost
burden
on
them
down,
so
that
it's
something
that
they
can
sustain
over
time
and
they're
set
up
for
success?
G
That's
most
of
what
I
wanted
to
float
just
in
these
initial
comments
here,
as
I
noted
we're
eagerly
moving
forward
on
the
existing
investments.
This,
the
mayor
and
council,
have
collectively
made
will
be
excited
to,
I
think,
collectively,
with
the
home
center,
have
some
updates
on
that
very
soon
we're
expanding
staffing
in
this
area
and
trying
to
be
creative
and
we're
looking
at
what
we
can
do
with
some
of
our
scattered
site
portfolio
to
make
more
homeownership
opportunities,
while
also
creating
and
preserving
income
restricted
rental
units.
B
A
A
Solid
there
you
go.
Can
you
hear
me
good
afternoon?
I'm
jessica
boatwright,
I'm
the
deputy
director
for
neighborhood
housing
development
in
the
mayor's
office
of
housing
and
it
it
has
been
great
to
work
with
all
of
you
on
different
projects,
both
this
year
and
over
the
years,
and
I
I
just
wanted
to
represent
that
I'm
here
to
sort
of
represent
the
other
side
of
the
coin.
A
H
Thank
you,
madam
chair.
My
name
is
josh
zaikum.
I
am
currently
the
executive
director
of
housing,
ford
massachusetts
and
one
of
the
focus
housing
forward
is
an
organization.
That's
looking
to
address
the
housing
affordability
crisis
across
the
state.
Quite
a
small
task.
I
guess,
but
part
of
what
we
do,
and
one
of
our
focus
is
also
is
looking
at
administrative
or
regulatory
reforms
that
can
make
it
easier
to
produce
more
housing
of
all
types
that
don't
require
going
up
to
beacon
hill
and
asking
for
permission.
H
Order
in
particular,
is
really
critical
to
allowing
folks
to
put
down
roots
to
stay
here
in
our
community
and
there's
a
few
tensions
here.
I
think
there's
often
the
discussion
of
how
do
we
make
the
most
the
largest
number
of
affordable
units.
How
do
we
ensure
that
they
are
affordable
for
the
long
term
or
in
perpetuity
versus
the
tension
of
home
ownership?
Being
one
of
the
best
ways
to
build
wealth
in
this
country?
Never
mind
the
commonwealth
of
massachusetts
and
it
is
a
challenge,
but
I
don't
think
it's
an
insurmountable
challenge.
H
So
I'm
going
to
give
some
broad
suggestions
that
I've
that
I've
thought
about
that
I've
looked
at
with
with
our
research
team
at
housing
forward
number
one
when
we're
talking
about
affordable
home
ownership,
the
city
does
a
great
job
in
partnership
with
the
state
on
down
payment
assistance,
first
time
home,
buyer
programs.
That's
that's
all
great
we're
talking
about
this
in
the
long
term.
One
idea
that
I
often
talk
about
is
creating
a
revolving
fund
using
city
city
funds,
capital
funds.
H
I
was
joking
earlier
with
mr
wool
about
arpa
funds
being
available,
which
I
know
is
the
go
to
in
public
policy
discussions
these
days.
We
think
it
never
ends,
but
seeding.
A
revolving
fund,
where,
with
the
city,
whether
it's
the
mayor's
office
of
housing,
whether
it's
bha
or
some
other
entity
that
would
purchase
properties
on
the
open
market,
it's
not
going
to
be
cheap,
but
then
we
sell
them
down
the
road,
and
there
is
a
smaller
version
of
this.
H
But
but
I
think
it's
a
really
great
way
to
do
that,
and
because,
if
you're
using
city
funds
you're
not
going
to
necessarily
have
some
of
the
same
limitations,
requirements
on
who
can
be
assisted
and
the
amount
that
can
be
given
into
it
as
we're
talking
about,
you
know,
with
hud
section
8
other
programs
that
have
requirements
for
outstanding
programs,
but
are
maybe
not
as
flexible
as
one
that
we
could
create
on
our
own.
The
city
could
target
it
to
different
neighborhoods
based
on
risk
of
displacement.
That's
something
else.
H
Housing
ford
has
recently
been
working
on,
and
while
we
don't
have
it
fully
fully
ready
for
for
for
distribution,
we
have
been
working
on
sort
of
a
risk-based
geographic
anti-displacement
strategy
that
we
do
look
forward
to
sharing.
Probably
with
many
of
you
in
this
room
in
the
coming
months
and
again
going
back
to
my
earlier
comment.
This
is
something
that
could
be
done
through
the
city.
H
H
It
was
you're
hearing
talking
about
tools
that
the
city
had-
and
I
did
talk
about
this-
and
I
know
some
folks
at
the
cfo's
office-
probably
didn't
like
it,
but
about
the
city
sort
of
backstopping
and
using
our
outstanding
credit
rating
to
help
folks,
you
know
as
as
mortgages
as
mortgage
borrowers.
Excuse
me
purchase
homes,
so
there's
a
lot
of
different
ways
to
do
it
without
necessarily
saying
that
the
city
is
going
to
purchase
homes
or
have
city
owned
property.
H
That
folks
will
rent
and
sort
of
you
know
the
classic
rent
to
own,
where
a
portion
of
your
rent
goes
to
the
ultimate
down
payment
or
purchase
price.
That's
certainly
one
avenue,
but
there
are
also
other
ways
that
the
city
could
do
this
that
could
create
long-term
home
ownership,
affordable
home
ownership,
but
also
allow
people
to
participate
in
that
rising
home
equity
in
that
wealth.
Building
that
really
has
been
lacking,
certainly
not
just
in
the
city
of
boston,
but
in
the
city
of
boston
over
time.
H
B
C
Thank
you,
madam
chair,
thank
you
to
all
the
panelists
and
your
input
and
also
updating
us
on
what
you've
been
working
on.
It
sounds
really
exciting.
A
robust
plan
to
fight
anti-displacement
but
also
gentrification,
and
the
programs
that
you
have
listed,
really
outlines
possibilities
for
different
people
to
benefit
from
these
programs,
and
I'm
very
happy
to
hear
about
them.
They
are
very
thoughtful.
It
sounds
like
a
lot
that
the
city
is
doing
so
I'm
appreciative
of
that.
I
think
that
you
know
one
of
my
thoughts
in
coming
into
or
filing.
C
This
was
that
you
know.
As
mr
wool
and
council
jacob
mentioned,
it's
really
on
what
it's
really
on,
how
creative
we
want
to
get
right.
So,
yes,
there's
amazing
ideas
already
into
play,
so
I'm
wondering
in
terms
of
and
in
terms
of
data,
what
specific
or
how
we
can
aggregate
information
from
the
mayor's
office
of
housing
if
we
can
actually-
and
if
you
don't
have
the
answers
here
today-
that's
okay!
C
If
we
can
actually
look
at
data
to
show
us,
if
are
we
prioritizing
local
residents
in
the
town
where
the
development
is
being
built-
and
I
think
you
know
in
looking
at
what
mrs
aiken
was
saying
in
terms
of
building
in
towns
and
also
prioritizing-
you
know
local
residents
and
looking
specifically
where
people
have
been
displaced
and
targeting
those
areas.
I
think
that
data
would
be
super
important.
C
So
the
two
things
can
we
legally
prioritize
residents
or
local
residents
in
that
town,
where
the
impact
is
happening
or
the
development
is
going
and
also
can
we
also
prioritize
by
demographics?
So
can
we
actually
say
because
black
people
are
the
most
displaced?
Can
we
prioritize
them
when
we
actually
build
affordable.
F
So
we
do
have
a
priority
like
through
the
neighbors
homes
initiative
for
boston
residents,
so
some
of
our
programs
do
have
preferences
for
boston
residents
we
because
of
fair
housing
loss.
This
might
be
something
you
might
have
to
talk
about.
The
fair
housing
commission
with
we
generally
are
not
able
to
do
more
localized
preferences,
and
I
think
the
same
would
be
true
with
demographics.
F
So
I'm
not
sure
how
we
get
around
that
truthfully,
I'm
not,
but
that
is
not
something
we
are
doing
it
is.
There
are
preferences,
as
I
said,
it's
boston,
residency
preference
for
like
the
affordable
housing
properties
that
we
developed
through
the
neighborhood
homes
initiative,
their
first
offer
to
boston,
nursing,
that's
the
highest
priority.
C
I
guess
that
leads
me
to.
I
know
that
the
mayor's
office
of
housing
collects
information
or
data
on
these
things,
if,
through
the
chair,
if
I'm
allowed,
if
I
can
get
information
on
specifically
how
many,
where
are
people
coming
from
when
we
house
people
in
new
development
in
affordable
units
and
specifically
their
demographics
as
well
to
be.
B
C
C
It
doesn't
necessarily
mean
that
the
people
in
that
area,
where
the
development
is
being
built
is
going
to
benefit,
and
so
how
do
we
do?
That
responsibly
is,
I
think,
looking
at
the
information,
the
data
and
saying,
where
is
the
need,
so
that
we
can
actually
tactfully
do
what
mr
zakim
is
proposing?
Looking
at
the
areas
where
the
need
is
the
most.
A
A
Can
we
prioritize
a
specific
neighborhood,
for
you
know
for
the
lotteries,
for
the
reasons
that
some
of
the
reasons
that
you're
talking
about,
and
so
we
do
defer
to
fair
housing
for
housing
commission,
because
we
we
want
to
be
sure
that
that
we're
following
all
the
regulations,
but
we
have
done
some
research
over
time
and-
and
I
can
colleagues
have
done
that-
and
I
can.
I
can
try
to
pull
some
of
that
together
as
well.
Please.
H
I
just
briefly
on
the
sort
of
the
preferences
issue
and
you
know.
Obviously,
fair
housing
law
applies
to
everyone,
but
you
know
something
that,
in
my
experience,
both
when
I
worked
here
and
since
is
that
you
know
on
marketing
and
outreach
in
a
way
that
certainly
anyone
may
apply,
and
anyone
could
but
making
sure
you're
marketing
in
the
geographies
in
the
areas
that
are
served
by
folks
who
are
being
most
impacted,
whether
it's
an
explicit
preference
or
not.
H
They
achieved
their
goal
without
running
afoul
of
fair
housing
issues,
and
I
think
that's
important
to
think
about
where
you're
targeting
the
marketing
for
opportunities,
but
there's
a
real
opportunity
here,
as
as
the
sponsor
was
saying
to
make
sure
that
we're
investing
in
communities
that
need
it
and
making
sure
that
we
are
spreading
the
affordable
home
ownership
and
rental
opportunities
around
the
city.
You
know
you
look
at
a
map
of
rental
increases
of
displacement
rates
and
it
is
not
the
same
across
the
city
of
boston.
C
C
G
Yeah
and
thank
you
counselor
and
I'm
happy
to,
and
and
again
it's
a
little
bit
speculative,
but
in
the
in
that
the
bha
is
a
landlord
and
a
provider
of
subsidy,
and
sometimes
we
are
channeling
subsidy
to
other
landlords
right
and
and
any
other
kind
of
combination
of.
Sometimes
we
just
owned
the
land.
I
think
you
know
I
really
was
just
trying
to
imagine
in
my
mind
and
I'm
gonna
start
there
we're
going
to
have
a
you
know.
G
So
let's
say
we
have
a
development
insert
it's
a
rent,
it's
whether
it's
a
triple
decker
or
whether
it's
10
stories
tall
and
it's
rent
to
own.
You
know,
literally,
who
owns
the
land
who
owns
the
building,
who
provided
the
money
to
make
the
purchase,
and
is
that
a
which
of
those
are
public
agencies
and
the
reason
I
think,
depending
on
how
it's
set
up,
you
run
into
certainly
different
financial
arrangements
and
constraints,
but
on
the
public
side,
certain
public
purchasing
and
public
subsidy
rules.
G
I
think
this
is
probably
shared
that
you
know
we
generally
want
to
set
up
people
well,
so
there
may
be
non-profit
entities
who,
whether
or
not
they're
owning
the
building
may
be
coming
in
as
partners
on
the
homebuyer
education
or
financial
counseling
side
of
it
as
well.
So
if
I
can
more
succinctly
and
directly
answer
your
question,
what
I,
what
I
think
is
it
might
be
valuable
to
sort
of
sketch
out
just
a
couple
of
different
scenarios
of
literally
like
who
who
owns
it.
How
much
is
you
know
how
what's
what's
required?
G
You
know
maybe
at
what
point
does
ownership
transition
from
renter
to
owner
and
what
is
that
you
know
if
a
tenant
or
a
household
makes
so
much
money?
What
is
what
does
that?
Look
like
for
them
on
a
month-to-month
basis
and
try
to
run
that
through
a
couple
of
different
scenarios,
and
I
that's
that's
in
my
mind
how
we
see
sort
of
what
works
and
what
doesn't
I'm
not
coming
with
an
answer
on
that
one.
G
C
Thank
you.
So
I
I
really
appreciate
what
you
said.
Mr
zakim
about
you
know
exploring
other
ways
right
with
the
other
hearing
which
the
lead
co-sponsor
councillor.
Jen
brought
us
together
to
talk
about.
You
know
looking
into
our
credit
and
seeing
how
we
can
use
funds
in
that
way
and
also
linkage
funds
right.
C
If
the
city
owns
it
outright,
then
obviously
cost
reduction
if
we're
condolizing
this
so
that
we're
renting
it
first
or
if
we're
condolizing
it,
then
association,
fees
and
tax
and
other
things
that
can
come
about
that.
I
looked
into
a
program
called
divi.
Have
you
heard
of
this
program
and
what
they
do?
H
I
think
that's
an
important
point
and
you
know
in
conversations
I've
had
with
habitat
for
humanity.
They
say
on
their
multi-family
project,
because
habitat
is
all
ownership,
they
often
not
often,
but
they
have
run
into
problems
with
common
costs.
With
you
know,
a
roof
repair
on
a
three
unit
and
the
folks
who
are
in
there
are,
by
definition,
low
income
they're
in
habitat
for
command.
H
I
also
want
to
make
sure
we're
saying
we
don't
necessarily
have
to
have
a
pay
for
itself
that
you
know
if
the
city
is
owning
these
units
and
we're
talking
about
the
city
of
boston,
it's
almost
all
going
to
be
multi-family
of
some
kind,
whether
it's
a
triple
decker,
whether
it's
someone
mentioned
you
know
a
10
story,
building
whatever
it
is,
so
there
are
going
to
be
common
costs.
It's
not
going
to
be
just
you
know
a
tax
bill,
and
then
you
know
in
the
home
there's
going
to
be
association.
H
C
D
D
So
this
idea
of
rent
to
own
could
sort
of
be
step
in
that
gap,
and
I
was
wondering
you
stated
that
you
were
that.
There's
a
working
group,
actually
that's
going
to
come
together
on
this
issue.
If
you
could
talk
a
little
bit
more
about
what
that
working
group
is
and
who
that
looks
who's
a
member
of
it
and
what
it
looks
like
and
what
you
all
are
thinking
about.
F
I
think
we
just
have
set
up
the
first
meeting,
so
I
don't
really
have
too
much
information.
I
know
maha,
I
think,
was
gonna.
We
invited
them
to
participate,
I'm
not
sure
I
think
bha
was
going
to
be
part
of
the
mayor's
office
of
housing
with
councillor
anderson,
so
it's
really
in
the
formation
stages.
So
I
don't
have
really
more
than
that.
We
were
going
to
take
what
we
hear
from
from
this
council
hearing
and
try
to
figure
out
what
how
we
can
move
forward,
exploring
different
options
for
the
rental
great.
D
D
Where
is
the
best
place
to
put
the
subsidy
that
from
the
city
would
that
be
in
land
acquisition?
Would
that
be
in
some
sort
of
the
city?
You
know
backing
the
mortgages
so
that
we
don't
have
to
worry
about
the
credit
score,
which
is
often
a
big
impediment
which
is
rooted
in
itself
in
racist
practices.
So,
just
thinking
about,
if
you're
given
thought
to
where
the
subsidy
would
have
would
would
be
the
most
effective
for
working-class
families
in
the
city.
F
I
mean
just
as
in
my
opinion,
but
just
because
of
the
cost
of
properties
in
the
city
of
boston.
I
think
the
acquisition
cost
is
going
to
be
the
biggest
place
where
funding
might
be
needed
to
purchase
the
property
that
would
be
put
out
for
rent
to
home.
I
think
that
would
be
a
difficulty,
and
that
would
be
because
property
values
are
so
high
in
boston
right
now,.
A
That's
a
joint
question
of
either
that's
where
the
subsidy
needs
to
go
or
as
we're
investigating
programs.
We
need
to
look
at
programs
that
have
been
creative
about
how
they
do
acquisitions
just
because
we
have
such
a
big
barrier
right
now
in
the
cost
of
of
land
on
the
cost
of
properties.
So
I
think
it's
a
joint.
G
I
just
the
one.
The
one
thing
I
wanted
to
say
is
actually
just
to
give
my
colleagues
here
a
little
bit
more
credit
in
terms
of
the
the
acquisition
opportunities
program
and
the
neighborhood
stabilization
efforts
that
the
city
has
been
doing
with,
I
think
jessica
and
her
team.
You
know
really
supporting
non-profit
entities
in
stabilizing
properties
which
that
model
is
city,
support,
right,
nonprofit,
ownership,
income,
restricted
rental
housing
and,
more
recently
the
bha
has
sometimes
layered
on
vouchers
to
bring
down
the
affordability.
G
So
we've
tried
to
do
some
creative
interagency
and
then
from
the
anti-displacement
side
and
the
affordable
rental
housing.
I
think
that
that's
when
it's
worked.
It's
worked
very
well,
so
I
I
mean
I,
I
think
that
you
know
that's
been
a
very
successful
model
and
one
that
moh
has,
I
think,
done
a
ton
of
work
on
and
that
the
mayor
and
council
have
funded.
So
there
may
be
others,
but
I
think
that
that's
I
wouldn't
want
the
hearing
to
pass.
Without
appreciating
some
of
that
work.
D
Thank
you
joe,
because
you
predicted
my
next
question.
I
appreciate
that
I
was
actually
going
to
turn
against
you
as
vote
right
and
see
because
of
the
acquisition
opportunity
program.
Are
you
seeing
any
sort
of
like
potential,
for
you
know
how
what
we
do
in
that
space
could
inform
this.
You
know
rent
to
own
discussion,
especially
you
know.
D
I
think
there
are
a
lot
of
examples
of
rent
to
own
whether
it's
you
know
installment
options
or
you
know
lease
option
where
you
don't
have
to
buy
at
the
end,
or
you
know
a
lease
agreement
where
upfront
it
is.
You
are
required
to
purchase
at
some
point
thinking
about
what
the
work
that
you're
doing
in
the
aop
space
and
how
that
maybe
can
inform
this
discussion,
not
sure
if
you
have
any.
A
Well,
I
think
that
the
biggest
learning
is
just
that
to
compete
in
this
market.
We
need
to
be
able
to
move
really
quickly
and
I
think
what
has
been
really
part
of
what's
made
aop
successful
is
that
we've
been
able
to
move
quickly
so
that
buyers
that
we
support,
look
the
same
in
terms
of
their
ability
to
compete
on
the
private
market
or
maybe
not
exactly
the
same,
but
pretty
close
and
and
we've
done
a
lot
of
work,
both
internally
and
moh,
and
and
with
administration,
finance
and
other
people
in
city
hall.
A
A
I
don't
think
that
that
that
doesn't
and
it
hasn't
negated
the
opportunity
to
talk
about
home
ownership.
But
I
wonder
if
it's
a
combination
of
looking
at
at
other
ways
to
us
to
do
assessments
on
buyers
right
to
figure
out
who
we're
supporting
and
second,
a
bit
of
a
staffing
question.
In
that
you
know.
The
boston
home
center
has
a
lot
of
expertise.
A
Working
one-on-one
with
individual
buyers
and
the
the
people
on
my
team
have
a
lot
of
expertise
working
with
with
more
development
entities,
and
I
think
that
if
we
were
to,
we
could
look
at
a
condo
kind
of
model.
But
I
think
ultimately,
we
would
want
to
sort
of
juice
up
the
aop
program
with
more
staff
who
could
work
more
closely
with
with
the
eventual
buyers
to
make
sure
that
that
it
was
a
smooth
process.
D
B
Thank
you.
So
I
think
that
for
me,
I
just
have
it's
one
central,
maybe
two
central
questions,
because
I
the
the
way
that
the
conversation
is
going
right
now.
It
seems
that
if
there
were
a
rent
to
own
model
in
the
city
of
boston
that
would
emerge,
it
would
require
the
city
to
either
purchase
land
or
space
or
to
some
level
underwrite
the
loan
and
then
transfer
ownership
at
some
point
or
some
version
of
of
those
steps.
A
G
I
think
we
always
have
more
quirky
regulations
than
anyone
else,
so
I
will
say
that
we
have
my
my
colleague
dr
cain,
taylor
kane
is
working
and
I'm
heading
up
a
project
for
bha
who,
which
is
looking
at
some
of
our
state,
scattered
site
portfolio.
Those
are
you
know,
state
public
housing,
rental
units,
and
that
is
an
area
where
we're
looking
at.
Can
we
can
we
move
those?
Can
we
without
losing
housing
units,
create
home
ownership
opportunities
and
for
the
ba?
Just
for
we?
That's.
G
I
think
that
for
us,
while
there's
there's
various,
I
think
things
we
need
to
do
in
terms
of
the
state
requires,
regardless
of
whether
we
would
want
to
go
up
or
down
a
total
number
of
units,
it
requires
us
to
replace
a
like
unit.
So
we
for
the
bha's
purposes,
we're
thinking
about.
Can
we
work
with
those
properties
and
that
land
and
the
households
that
are
currently
there
and
create
some
home
ownership
opportunities
and
then
also
fulfill
the
legal
requirements
in
terms
of
having
comparable
rental
units?
G
A
I
I
would
just
add
that
I
so
we
are
not.
We
typical.
We
at
mayor's
office
of
housing,
typically
don't
hold
units,
so
boston
housing
authority
has
units
we
always
partner
with
developers,
and
then
the
developers
manage
the
units
and
we
monitor
them
and
have
ongoing
relationships,
but
it
because
the
model
is
not
that
we
sort
of
stay
in
the
primary
ownership
role
of
the
units.
I
am
curious
as
as,
as
I
think
all
the
counselors
have
mentioned.
A
I
I've
talked
to
some
community
development
corporations
in
boston,
who've
sort
of
played
around
with
this
a
lot
and
there's
probably
other
thinkers
in
boston
who
are
who
are
looking
at
rent
to
own
models,
and
I
I
think
we
should.
I
think
it
would
be
helpful
to
sort
of
shop
a
little
bit
around
this
idea
of
sort
of
who's,
the
first
owner
who's,
the
lease
or,
and
then
who
does
the
transfer
and
and
also
potentially
thinking
differently
about
what
we
do
in
a
bha
led
model
versus
what
we
would
do
in
a
mayor's
office.
A
Housing
led
model
or
in
terms
of
the
like
who
who's
supplying
subsidy
who's,
holding
the
property
who's
transferring
to
the
to
the
eventual
buyer.
So
so
I
just
wanted
to
throw
that
in,
because
I
that's
a
nuance
that
it
was
probably
way
too
in
the
weeds
than
what
we
need
to
get
in
here.
But
but
I
am
really
curious
to
look
into
some
of
these
other
models
that
have
been
used
around
the
country
and
to
better
understand
sort
of
what's
the
master,
buyer
or
multi-developer
buyer
model.
That
makes
this
really
work
at
scale.
B
G
I
think
it
it
it's
definitely
one
one
opportunity
we're
we're
exploring.
It
would
be
interesting
to
bring
the
the
bpda
staff
into
the
room
as
well
and
actually
also
actually
like
look
at
what
is
the?
What
does
the
restriction
on
the
deed
look
like
right
and
then,
and
if
we
make
more
of
those
in
the
future
right
which
I'm
assuming
that's
the
goal,
you
know,
would
would
you
if
you
had
it
with
this
kind
of
intent
where
something
could
become
an
owned
unit
and
it
wasn't
going
one
way
or
the
other
necessarily.
G
Maybe
that
would
be
written
differently.
It's
just
something
that
comes
to
mind,
but
I
think
our
you
know
we
like,
as
I
as
I
know
before,
the
bha
is
certainly
a
property
owner
and
landlord,
and
we
own
land
and
fundamentally
when
we
own
the
land
and
not
the
building,
it's
not
really
much
different
from
being
a
land
trust.
It's
we
that's
how
we
enforce
the
affordability
covenant,
so
I
think
entities
like
that
could
be
brought
in
as
potential
partners
with
public
or
nonprofit
yeah.
H
H
You
know
I
started
my
first
position
out
of
law
school
as
a
greater
boss
in
legal
services
working
with
folks
who
had
been
taken
advantage
of
in
the
subprime
mortgage
industry,
which
is
a
little
different,
but
many
of
the
same
players
and
the
same
concerns
and
something
that,
if
it's,
the
city
that
is
owning
the
property
or
bha
in
partnership
with
whether
it's
a
community
land
trust,
whether
it's
some
other
sort
of
local
non-profit,
that
is
not
I'd.
Neither
incentivized
to
do
something
like
this.
It
was
not
a
prior
bad
actor.
H
I
would
not
want
to
partner
with
a
national,
you
know,
rent
to
own
company
or
anything
along
those
lines,
but
you
know
where
the
city,
subsidy
or
assistance
could
be
most
impactful
would
be
acquiring
the
land,
and
madam
chair,
I
want
to,
you,
know,
push
back
a
little
bit
on
the
idea
of
converting
existing,
affordable
rental
into
home
ownership.
I
think
we
need
to
expand
as
much
as
we
can
the
supply.
I
know
you
agree
with
that,
but
but
I
think
that's
really
important.
H
I
think
it's
an
opportunity
to
do
that
with
the
city,
whether
it's
acquisition
costs
it
could
even
be
you
know,
as
we
are
entering
it
seems
like
we're
entering
an
economic
time.
That's
gonna
be
a
little
more
challenging
for
housing
production,
rising
interest
rates.
Certainly,
we've
had
the
supply
chain
problems
and
rising
building
costs
over
last
year,
two
or
three
years
I
was
thinking
about-
and
this
is
maybe
getting
a
little
too
in
the
weeds
for
for
this.
So
I'll,
just
I'll
just
mention
it
is.
H
You
know
working
with
local
builders
in
our
community
people
from
our
community
who
maybe
can't
get
the
financing
unless
they
say
well.
The
city
of
boston
is
committed
to
purchasing
x
number
of
units
for
a
rent
to
own
program.
You
know
maybe
more
leveraging
that
investment
to
create
wealth
in
the
communities
and
I'm
not
talking
about
with
national
builders.
I'm
talking
about
people
who
are
from
our
communities
who
live
there,
who
employ
people
in
our
communities
and
who
we
invest
in
our
communities.
Who
really
could
use
that
hand
to
say
to
go?
H
H
You
know
citibank
and
say
I
need
another
100
million
dollar
loan,
or
even
a
10
million
loan
to
do
this,
but
if
they're
in
partnership
in
some
way
with
the
city
of
boston,
you
know
that's
a
way
of
indirectly,
I
think
using
the
city's
credit,
because
I
know
there
are
some
concerns
raised
at
prior
hearings
about
the
city
just
directly.
You
know
co-signing
home
loans,
but
something
something
to
explore
and
another
way
to
leverage.
While
the
city
has
vast
resources,
they
are
limited
to
leverage
that
and
continue
sort
of.
You
know
rippling
out.
B
Yeah,
thank
you
so
much.
I
absolutely
agree
in
terms
of
not
wanting
to
take
more
units
off
of
the
market,
but
I
think
that
this
hearing
is
sort
of
an
ideation
session
for
this
vision
that
counselor
fernandez
anderson
has
and
so
basically
walking
down
every
path
and
knowing
where
to
say:
no,
not
this
one.
Yes
in
this
direction
and
answering
questions
about
what
the
limitations
are
and
not.
You
know
why
this
and
why
not?
B
C
C
You
paid
you
rent
on
time.
You
may
be,
you
know
you
have
a
decent
job,
you're,
a
single
dad
of
three,
and
so
you
go
into
this
program
and
you
get
qualified
for
it,
and
obviously
the
lease
is
something
like
two
to
three
years:
it's
not
short
term
and
while
you're
in
there,
you
are
in
some
another
program,
maybe
with
a
revolving
fund
somewhere.
C
If
the
city
then
says,
for
example,
we're
gonna
buy,
we
there's
a
program
that,
if
you're
a
builder
will
buy
five
units
from
you-
and
you
know-
and
it's
all
part
of
idp,
maybe
right-
it's
part
of
what
you're
handing
over
but
we'll
we'll
purchase
it
will
will
help
you
to
be
able
to
build
this,
but
we'll
purchase
a
few
of
them.
I
think
the
phases
are
then
that
we're
at
using
scatter
sites
as
that
temporary
move
in
or
out,
so
that
we
are
not
like
doing
away
with
that
inventory.
C
So
I
think
it's
it's
it
can
be.
It
can
be
a
part
of
it
because,
where,
where
do
you
put
people
already
in
those
units
when
they're
needed-
and
you
know
you're
going
to
need
somewhere
temporary
to
put
people
right?
So
why
not
transition
as
we're
fixing
some
building
some
some
renting
phase,
some
ad
transitioning
phase,
while
program
is
managing
that.
I
think
it's
just
high
really
high
cost
right.
What
are
we
at
like
500
000
per
unit?
Maybe
moh-
I
don't
know
what.
How
much
do
you
that
does?
C
A
Comment,
oh
well,
the
I
mean
we're
pushing
the
500
000
on
the
cost
to
build.
I
I
don't
I
didn't
bring
with
me
a
cost
to
buy,
although
I
we
certainly
could.
I
don't
want
to
I.
I
think
I
have
some
numbers
in
my
head,
but
I
don't
want
to
throw
the
wrong
thing
out
on
the
record.
So
so,
but
we
we
can
look
at
that
in
terms
of
aop.
A
C
C
Obviously,
and
it's
a
pilot
for
a
reason,
because
it's
expensive,
if
we
do
that-
and
we
do
that
effectively
and
we
explore
other
means
of
backing
it
up
financially,
I
think
it's
a
matter
of
the
logistics
that
joel's
talking
about
who's
managing
it.
When
does
it
get
transferred,
you
know
and
what
phases?
And
how
do
we
design
that?
C
And
I
really
appreciate
what
you
said
about
you
know
national,
like
predators,
who
can
take
advantage
of
this
so
looking
at
how
the
city
can
really
own
this
and
implement
this,
and
I
look
forward
to
the
I
think
chief
dylan
is
calling
it
the
round
table
for
rent
to
own
and
she's.
Asking
me
she's
allowed
me
to
bring
collaborators
to
the
table
as
well,
and
so
I
look
forward
to
that
and
I
wanted
to
hold
this
hearing
so
that
we
can
begin
this
process
and
look
forward
to
working
with
you.
Thank
you.
Ma'am.
D
C
So
I
would
love
to
move
this
forward.
Whatever
the
chair
wants
to
do
after
this
that
we
get
together
with
the
round
table,
whoever
is
interested,
obviously
chair
and
madame
co-chair,
if
you
guys,
are
interested
to
being
a
part
of
it
and
then
looking
forward
to
the
working
session,
and
I
hope
that
to
build
momentum
with
the
same
people
that
are
here
today.
B
Thank
you
all
so
much
for
for
being
here
today
to
the
administration
and
to
mr
sacombe
for
joining
us
at
this
moment.
We're
going
to
be
taking
public
testimony
again,
if
you're
here
with
us
in
the
chamber,
please
sign
up
on
the
sheet
near
the
chamber
entrance
and
for
all
testimony.
Please
state
your
name
neighborhood
or
affiliation,
and
try
to
keep
your
comments
to
two
minutes,
and
the
only
name
that
I
have
here
for
public
testimony
is
john
provenzano,
hey
john,
how
you
doing
good
to
see
you
there's
a
mic
right
here.
I
I
You
know
first
time
home
buyer,
whatever
you're
doing
with
the
percentages
as
to
what
they
have
to
come
down
with,
put
down
on
the
house
and
and
helping
them
with
that
to
get
off
that
one
person
just
one
person,
if
you
start
off
simple
without
going
through
all
the
intricacies
of
the
big
companies
and
contractors
and
all
that
stuff
that
program,
I
guarantee
you
I'm
a
product
of
it
that
it
could
be.
It
could
build
up
from
one
person
to
ten
people
to
a
hundred
people.
That's
all
it
is
in
one
particular
area.
I
I'm
gonna
use
the
term
bridge
mortgage,
but
you
people
are
the
bridge
mortgage
you're,
going
to
help
that
person
get
that
go
from
the
rental
to
the
housing
to
their
own
ownership
and
by
being
the
bridge
mortgage.
If
they
go
belly
up,
you
can't
lose.
It
comes
back
to
you
comes
right
back
to
you.
You
have
to
start
all
over
again.
I
failed
a
couple
of
times,
but
then
I
didn't
fail
and
it
went
from
one
home
to
another.
I
I
went
up,
I
said
I'll:
do
it
I'll
take
care
of
it?
She
was
embarrassed,
so
I
went
up
and
I
did
it
and
when
I
talked
to
the
guy
was
actually
kind
of
laughing
at
me,
but
I
said
what
my
mother
said:
she's
late.
What's
this
well,
she
actually
has
15
days
as
soon
as
the
first.
The
first
of
the
month
was
up.
She
thought
right
after
the
first
month,
I'm
talking
old
school,
but
please
just
bear
it
out.
I
I
It
was
a
down
payment
that
I
borrowed
the
two
thousand
dollars
to
do
it,
but
you
don't
lose
with
property.
You
just
don't
lose
if
somebody
goes
belly
up,
there's
somebody
right
there
right
behind
them
and
with
you
people
with
the
council,
whatever
that
that
kitty,
I'm
going
to
say
the
kitty
of
so
much
money,
that's
gonna,
that's
gonna!
Multiply!
I
guarantee
it.
If
I
could
just
say
one
more
thing
selfishly,
and
I
think
you
three
girls
have
heard
it.
I
know
when
we
went
through
some
of
the
budget.
I
Five
children,
three
adult
children,
two
granddaughters
it
it
goes
from.
Third,
this
is
selfishly
now,
and
maybe
we
can
talk
about
that
another
time.
But
I
wanted
to
put
this
in
your
head.
I
don't
want
any
of
them
to
lead
the
city
tour
in
south
boston
tour
in
dorchester,
and
my
granddaughter
and
my
two
other
granddaughters
and
one
in
high
park
did
real
estate
taxes
between
the
five
of
them.
I
Now
my
three
children,
all
in
ready
to
retire
and
all
the
money
that
we
work
on
with
the
city,
77
percent
comes
from
real
estate
taxes.
I
missed,
I
didn't
go
to
all
the
budget
meetings,
but
I
know
I
don't
remember
ever
talking
about
giving
the
homeowners
with
single
families.
All
five
of
them
have
just
single
fan,
no
rentals
or
whatever
I
was
the
opposite.
I
went
for
three
families
and
struggled
and
made
it
and
got
another
house
and
blah
blah
blah
and
I
walked
up.
I
So
I
I
wanna
ask
if
there
are
any
committees
or,
however,
we
go
to
the
process,
and
I
was
told
just
not
too
long
ago
that
through
the
state
you
people
can
send
the
program
up
to
them
to
try
to
get
real
relief.
Any
percentage
would
be
good.
I
know
they
all
get
a
percentage
now
because
their
home
owner
occupied,
I
just
want
them
to
get
a
little
bit
of
relief.
I
I
Keep
it
simple
and
it's
going
to
be
okay
and
that's
how
it
happened.
That's
how
it
worked
for
me,
my
five
siblings.
We
all
ended
up
owning
a
home
and
a
struggle
for
all
of
them.
I
was
doing
the
same
thing.
I
was
a
factory.
I
was
working
a
factory
and
luckily
enough
I
went
on
to
work
for
eversource.
You
know
and
that's
a
whole
other
story,
but
it
just
it's
keep
it
simple.
Thank.