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From YouTube: Housing Opportunity Fund Meeting - 11/1/18
Description
For more information about the Housing Opportunity Fund, please visit https://www.ura.org/pages/housing-opportunity-fund-department
A
B
A
C
E
A
D
A
C
A
So
we'll
move
forward
to
talk
about
the
housing
stabilization
program,
which
is
what
we
were
calling
I'm
homeless
prevention
before
so
it's
the
same
program
we
just
retag,
dit
and
and
I'm
gonna.
We
have
a
microphone
up
to
the
speakerphone.
So
if
you
want
to
go
ahead
and
sort
of
describe
the
program,
I
do
want
to
remind
everybody
that
we
had
a
working
group
meeting
a
couple
weeks
ago
we
had
a
little
less
than
half
of
the
advisory
board.
A
Members
present
at
that
meeting,
where
we
discussed,
where
we
discussed
the
program
components
that
that
you
now
see
in
guidelines
that
are
attached
to
your
your
packet.
The
guidelines
are
just
a
little
bit
longer
version
of
the
program,
components
that
were
emailed
out,
but
it's
it's
all
the
same.
It's
just
additional
sentences
to
be
in
the
URA
format,
so
go
ahead,
and
why
don't
you
walk
them
through
that
sure.
F
Attempt
to
provide
housing,
single
ization
resources
should
prevent
households
from
becoming
homeless.
The
goal
is
for
folks
not
to
be
entering
the
homeless
system,
and,
and
so
one
of
the
things
about
the
administration
of
this
program
is
that
it
doesn't
use
the
consolidated
point
of
entry
and
it
is,
it
is
prior
to
the
home,
existing
homeless
system.
F
F
Eligibility
criteria
will
be
for
that
how
the
funds
will
be
the
same
across
each
program
administrator
but
program
administrators
like
in
fact
choose
you
restrict
their
funding
to
only
certain
components
of
the
eligible
usage.
So
turbo
restaurateurs
will
have
some
flexibility
in
designing
a
program
which
they
said
they
believe
best
fits
the
need.
A
A
Since
the
working
group
meeting
I've
had
conversations
with
the
Pennsylvania
House
and
Finance
Agency,
they
run.
It's
called
the
he
map
program
for
foreclosure
prevention
and
it's
been
around
for
a
lot
of
years
and
they
work
with
folks
once
they
get
the
letter
from
the
mortgage
holder
that
they
are
in
default
and
starting
the
foreclosure
process.
They
work
with
folks
generally
through
a
loan
mechanism
to
help
them
to
help
them
pay
their
mortgage
payments
to
get
them
back
on
track.
A
I
do
think
there
is
a
way
for
these
programs
to
work
together
and
in
tangent,
but
phf.
A
would
like
to
you
know,
meet
with
us
to
discuss
that,
to
figure
out
kind
of
the
best
points
or
the
best
ways
for
for
this
program
to
to
work
so
as
not
to
compete
with
theirs
but
to
be
compatible
with
it
and
to
fill
the
gaps
that
aren't
out
there
right
now
so
and
they
they've
offered
to
me
with
with
advisory
board
in
the
upcoming
months.
A
A
Definitely
we
just
having
mortgages
on
properties
throughout
the
city
are
alerted
frequently
that
someone
is
going
through
two
phf,
a
he
met
program
so
I
mean
I
know
it
is
a
well-known
source
in
the
city
and
and
as
far
as
I
understand
it
everyone
who
actually,
when
the
foreclosure
process
starts,
there's
a
letter
that
is
sent
out
to
everybody
and
at
the
bottom,
at
a
letter
it
says
for
assistance,
please
contact
Pennsylvania,
Housing,
Finance
agencies.
He
met
program.
G
G
A
A
You
probably
know
more
about
this
than
I
do,
but,
but
so
so
they're
they're,
both
there
very
well,
could
be
a
way
for
this
program
as
its
described
to
work
in
tandem
with
pH
FA,
but
phf
a
wants
a
chance
to
understand
it
as
well,
and
it
just
seemed
with
the
rush
situation
that
we're
in
to
get
these
programs
out
the
door.
That's
why
I
was
taken
out,
but
if
folks
want
to
to
reconsider
it,
you
know
we
can,
but
the
way
it
is
presented
today
is
that
we
we'll
look
at
it
for
2019.
H
Derek
to
go
back
to
your
first
question:
that's
what
you're,
suggesting
that
either
either
through
the
procurement
earth,
through
ultimate
coordination
with
the
program
administrators
that
we
in
effect
and
you
know,
ask
or
instruct
them
should
someone
come
or
have
mortgage
issues
that
they'd
be
referred
to:
PA,
Chafee?
Okay,
so
that
in
the
interim
before
we
understand
how
this
works,
we're
at
least
ensuring
that
they're
connected
to
the
proper.
I
I
A
F
I
want
to
jump
in
with
one
more
thing:
I'd
like
to
point
out
to
the
group
when
we
discussed
this
a
few
weeks
ago
in
the
working
group,
we
were
going
back
and
forth
on
the
question
of
what
is
the
appropriate
standard
for
the
residents
for
the
resident,
the
unit
itself,
and
we
had
friend
not
around
housing
quality
standards,
which
is
section
8
standards,
and
there
was
a
suggestion
that
Lulu,
instead
to
housing,
habitability
standard,
which
is
intentionally
explicitly
a
lower
standard
and
a
more
flexible
standard.
And
that
is
what
is
incorporated
here.
J
Another
question:
do
we
have
anywhere
in
the
RFP,
that's
going
to
say
that
the
scoring
is
for
guidance
purposes
only
because
there
might
be
people,
people
that
want
to
start
new
programs,
and
maybe
it's
not
for
2018,
but
I.
Don't
want
someone
to
read
these
guidelines
and
say:
there's
no
way.
I'm
gonna
get
the
money.
You
know,
I,
don't
even
want
to
attempt
this
application,
so
it
seems
like
we
should
have
something
even
on
the
scoring
criteria
sheet.
That
says
this
is
for
guidance.
Only.
K
I
A
G
I've
have
a
few
questions:
I
wasn't
at
the
working
group,
so
I'm
not
sure.
If
y'all
have
discovered
discuss
this,
but
so
says
our
payments
will
be
made
while
program
administrator
will
essentially
make
the
payments
first
and
then
get
reimbursed,
and
this
curious.
What
was
the
thought
process
behind
that
and
without
end
up
being
a
barrier
today,
I
would
have
served
people
because
maybe
the
organization
doesn't
have
the
funds
to
front
the
cost,
especially
when
they're
serving
a
lot
of
people.
Yeah.
A
K
A
Yet
we
we
can
probably
for
this
program,
try
to
get
the
checks
out
within
two
weeks
and
not
in
our
loan
documents
for
our
larger
programs.
We
give
we
give
ourselves
30
days,
but
we
are
generally.
We
can
general
generally
operate
around
two
weeks
for
this.
We
will
need
to
do
as
identified
in
the
guidelines.
We
will
need
to
do
inspections,
but
I've
talked
to
our
construction
department.
They
know
that
time
sensitivity
of
someone
in
the
situation,
so
I
am
optimistic
that
we
will
get
in.
A
G
A
L
L
K
Would
just
suggest
as
much
as
I
absolutely
support
small
organizations
and
local
entities.
Rental
assistance
is
a
complicated
process
in
and
of
itself.
That
needs
a
lot
of
fiscal
infrastructure
to
manage
and
that's
important
to
make
sure
on.
This
is
a
very
public
fund
and
making
sure
that
people
can
do
the
due
diligence
needed
when
you're.
M
K
With
landlords
and
the
payments
are
complicated
and
you
need
to
get
all
of
this
backup
information
I
think
it
is
important
that
people
understand
that
there
needs
to
be
a
significant
amount
of
infrastructure
to
manage
a
program
of
this
type
and
it
may
not.
It
may
be
something
that
people
want
to
build
capacity,
for
this
might
not
be
the
year
to
just
jump
into
rental
assistance
if
you
haven't
done
rental
assistance
before,
because
it
seems
on
the
surface
like
it's
very
easy,
but
it
is
incredibly
laborious.
Much
like
the
loan
process
is.
A
J
Always
picturing
if
they
don't
get
a
line
of
credit
here,
they
probably
go
somewhere
else
with
that
commitment.
I
have
a
question
about
the
am
I,
so
this
is
the
only
place
and
maybe
I'm
just
forgetting,
but
it
says
Pittsburgh
am
I
and
I'm.
Looking
in
the
minutes,
I
don't
see,
Pittsburgh
am
I
to
see,
am
I
so
I'm,
maybe
you
know
I
mean
I
should
understand
this,
but
for
this
whole
all
the
guidelines
are
they
all
built
around
Pittsburgh?
Am
I
yeah.
I
K
K
K
B
J
I
J
P
A
P
O
A
I
K
In
one
of
the
other
justices
that
was
built
in
was
the
utility
assistance
component,
which
sometimes
can
be
even
if
the
person's
issue
was
mortgage.
The
utility
assistant
component
could
come
from
this
program
with
the
mortgage
assistance
from
he
map
as
well.
So
thinking
about
the
whole
portfolio
of.
E
K
Going
on
with
the
house
would
financially,
you
probably
have
an
interplay
of
those
things
going
on
excess
have
been
something.
That's
been
interesting
for
all
of
the
different
funders
that
we've
bear
it's
not
perceived
as
mortgage
assistance.
It's
not
perceived
as
leasing
assistance,
it's
not
perceived
as
utility.
It's
a
separate
and
distinct
category,
so
rental
assistance
hasn't
been
able
to
touch
taxes
in
a
way
that
makes
a
lot
of
sense,
which
would
be
a
good
part
of
the
conversation
for
2019
municipal
bodies.
Don't
want
to
pay
themselves
back
their
cap.
K
H
I
G
A
Well
spell
it
out
more
in
the
contract
with
the
program
administrator,
but
they
will
need
to
verify
the
households
income
by
looking
at
IRS
statements
pay
stubs.
We
have
a
list
of
five
or
six
things
that
we
check
on
a
regular
basis
to
make
that
determination
and-
and
you
know
it's
not
always
100%
clear
when
people
are
working
overtime
and
so
forth.
But
HUD
provides
guidance
of
how
to
you
know
best
calculate
those
things.
It
looks
impossible.
A
That's
really
more
for
to
the
social
service
provider.
I
mean
that's
their
realm
of
expertise
and
I
think
they
understand.
When
there
are
special
circumstances
happening
in
somebody's
life,
they
still
have
to
fit
the
income
eligibility,
but
you
know,
will
depend
on
them
and
their
expertise
to
understand
when
this
program
is
necessary.
For
somebody
we.
K
H
K
H
Q
I
have
one
question,
because
the
situation
of
finding
homes
for
people
who
could
potentially
be
homeless
is
usually
an
emergency
situation
and
we
have
to
get.
You
are
a
fourth
approval,
so
does
that
mean,
regardless
of
what
the
situation
we
have
to
wait?
One
month
before
the
board
for
the
board
to
meet
to
take
care
of
these
cases?
Yeah.
A
That's
a
good
question.
No,
so
the
way
this
is
gonna
work
is
we'll
get
board
approval
to
enter
into
the
contracts
with
the
administrators.
So
if
we
enter
into
a
contract
with
administrator
X
for
250,000,
then
they
just
will
then
run
the
program
at
that
point
and
we
will
not.
You
know,
need
to
go
to
the
board
for
individual
cases.
Okay,.
G
Just
have
one
more
question
and
then
a
comment,
so
it
says
that
under
number
eight
that
they
can
terminate
support
when,
when
it's
no
longer
needed
or
when
a
household
is
no
longer
meeting
program,
participation
requirements.
So
I
guess
the
concern
here.
On
the
flip
side,
what
happens
when
they're,
not
meeting
requirements
and
they
signed
a
year
lease
with
the
landlord
and
the
program
has
committed
to
providing
a
year
support
is
a
landlord
then
left
holding
the
bag
or
what
happens
in
that
case.
G
I
K
Any
of
the
rental
assistance
programs
that
are
funded
through
the
city,
we
don't
guarantee
anyone
a
certain
amount
of
assistance,
the
contract
agreements
with
landlords
Delaney,
very
specifically.
What
the
program
is,
what
the
program
can
do,
what
the
levels
of
support
are,
what
participation
looks
like
so.
I
K
City
has
already
designed
programs
where
we
never
make
a
guarantee
of
a
year's
worth
of
a
lease
with
a
landlord
that
has
to
be
a
very
specific
conversation
with
landlords
about
what
programs
can
do.
This
particular
program
isn't
designed
to
do
things
like
damage
as
either
so
so
in
the
application.
It
would
be
critical
to
ask
organizations
to
answer
those
questions
of
what
does
a
program
termination.
K
Esg
parameters
are
three
months
of
assistance
at
a
time,
even
though
someone
could
get
a
year
or
more.
It's
only
sort
of
guaranteed
in
blocks
of
three
months
because
should
be
recertifications
with
folks
to
make
sure
that
the
situation
is
still
the
situation,
as
you
understand
it,
and
if
folks
need
more
support,
you
can
leverage
that
if
they
need
less
support,
you
can
leverage
that.
So
those
programs
have
been
designed
with
that
mindset
of
this
isn't
long-term
assistance,
so
shouldn't.
I
G
I
K
G
A
A
B
A
A
A
A
Thank
you.
Thank
you,
okay,
so
to
for
cell
development
program.
So
what
we
want
to
do
today
is
just
have
a
general
discussion
and
then
have
you
help
make
some
recommendations
for
a
staff
to
move
this
forward
over
the
next
month.
So,
basically,
in
accordance
with
the
enabling
legislation
we
found
out
after
the
allocation.
A
A
An
abandoned
property
happen
in
their
neighborhoods,
the
second
option
being
to
use
the
funds
to
bridge
the
gap
between
the
total
volume
cost
and
the
sales
price
and
record
that
99
years
so
year,
restriction.
So
basically
we
could
use
it
as
a
grant.
The
way
it
was
discussed
when
we
were
moving
towards
the
allocation
plan
and
just
a
very
general
example.
A
If
a
house
cost
a
hundred
and
seventy
five
thousand
to
acquire
it,
and
it
can
be
resold
to
an
affordable,
80
percent
buyer
at
125
and
there's
a
fifty
thousand
dollar
difference
and
that
that
could
actually
be
granted
to
the
CDC
doing
that
work.
As
long
as
that,
99
year,
deed
restriction
is
recorded,
which
what
that
means
by
a
deed
restriction,
is
that
a
legal
document
will
be
recorded
by
the
title
company
on
the
property.
A
A
The
third
option
is,
we
could
use
the
funds
to
give
a
deferred
mortgage
to
the
future
homeowners
or
even
to
to
loan
the
funds
to
the
CDC
and
then
the
CDC
and
order
ura
then
takes
that
same
funding
and
loans
it
to
the
future,
homeowner
that
the
there's
pros
and
cons
with
that
approach,
the
con
really
being
that
it
depends
on
the
market
value
of
the
house.
So
under
my
example,
if
the
house
cost
175
and
we
sell
it
for
120-
it's
sold
for
125,
so
it
can
be
an
80%
ami
buyer.
A
If
it's
in
a
high
income
neighborhood,
then
if
the
value
might
even
be
more
than
that,
it
might
be
225
then
recording
that
as
a
second
mortgage
to
the
owner
is
okay,
because
they're
still
within
value.
There
is
a
concern
that,
if,
in
some
neighborhoods,
if
the
value
of
that
house
is
just
125
or
or
even
lower,
then
then
that
borrower
might
be
taking
on
more
debt
than
the
actual
value
of
the
house,
and
that's
the
that's
the
negative
of
that
alternative
and
then
that
we
didn't
put
it
on
a
slide.
A
But
but
there
also
is,
you
know
the
potential
alternative
of
just
waiting
on
this
program
and
discussing
with
city
law
and
and
others
about.
If
there's
any
way
to
to
alter
to
legend,
you
know
to
modify
the
legislation
or
something
like
that,
but
but
that
could
take
a
very
lengthy,
nine
twelve
months
sort
of
process.
So
that's
why
that's
not
on
the
slide,
but
it
could
be
an
option
if
that's
what
device?
Your
board
would
like
to
do
so
now:
I
open
it
up
for
discussion.
O
O
O
O
And
the
interest
of
trying
to
get
funds
out
I'm,
not
sure
what
the
what
the
choice
is,
because
you're
not
clear
that
willing
to
do
the
grants,
as
was
in
the
legislation.
If
you
look
at
you
know,
section
7
of
22:03
a
7,
you
know
number
7
and
there's
a
clearly
destabilized
mid
and
lower
value
markets
and
you're
doing
that
through
grants.
It's
not
restricted.
It
doesn't
say
anywhere
in
here
that
you
can't
do
grants.
So
you.
O
That
was
referring
to
the
deferred
mortgages
that
buyers
get
similar
to
the
age
programs
at
the
or
a
now
operates
that
that's
the
way
it
works,
and
that's
way
that
was
the
discussion
about
this.
But
you
know,
if
you
look
at
section,
you
know
twenty
three
of
seven
number:
seven
stabilized
mid
and
lower
market
neighborhood
through
activities
such
as
making
affordable
loan
products
and
grants
available
for
to
the
construction
or
rehab
of
owner-occupied
homes,
its
I,
don't
know
how
much
clearer
you
get
when
it
says
or
grants.
O
So
you
guys
are
interpreting
it
a
way
that
it
was
never
meant
to
be
interpreted
and
you
don't
have
to
go
back
and
look
at
City,
Council
tapes
or
anything,
because
the
the
purpose
in
the
enabling
legislation
is
to
preserve,
affordable
and
accessible
housing
in
the
city
of
Pittsburgh
as
more
particularly
specified
in
two
32.0
three
and
two
32.0
for
knee.
Look
at
those
sections
and
it
says
grants
I,
don't
know
how
much
clearer
it.
H
O
A
J
O
A
This
is
what
we've
talked
about
legally,
so
Saudia
stood
a
statement.
You're
referring
to
I
just
lost
it
that
quickly,
but
it
says,
loans
or
and
state
okay,
number,
some
stabilize
mid
and
lower
market
neighborhoods
through
activities
such
as
making
affordable
loan
products
and
grants
available
for
the
construction
or
rehab
of
owner-occupied
homes
or
financing
and
purchase
of
rehab
of
vacant
structures
by
neighborhood
based
nonprofits.
But.
A
Two
three
four
point:
zero:
four:
it
goes
on
to
talk
about
permanent
affordability
and
emphasizing
community
land,
Trust's
and
permanent
affordability,
and
allows
for
grants
for
that,
and
then
it
goes
on
in
the
next
section
of
the
one
I
read
earlier
section
three
point:
C
or
D
to
acknowledge
that
for
proper
for
houses
that
don't
fit
the
above
criteria,
which
is
permanent
affordability.
It
must
be
alone,
that's
how
its
outlined
so
it
the
legislation
is
allowing
for
both
grants
and
loans
and
it's
using
permanent
affordability
as
the
difference.
A
G
J
Think
we're
all
happy
about
the
grant.
I
think
we're
trying
to
figure
out
the
loan,
whether
it
works
and
low
to
moderate
income
neighborhoods,
and
my
question
is,
if
it
appraises,
if
it
doesn't
appraise
at
the
175,
is
that
gap
deferred
loan
possible?
Does
that
bring
that
value
down
to
125
I
mean
I've
I've
seen.
A
L
J
L
L
A
L
A
L
One
other
question:
the
P
hop
program
Allen.
If
I
have
the
right
acronym
acronym,
that
the
ura
used
to
have
the
issue
with
bringing
that
back
was
we
didn't,
have
the
resources
in
order
to
run
that
program?
Do
any
of
these
bullet
points
address
what
that
particular
program
used
to
do,
because
that's
the
one
I
think
that
was
working
and
folks
wanted
to
see
returned,
but
the
ura
didn't
have
the
means
to
do
it.
So.
A
The
P
hub
program
to
Pittsburgh
home
Opportunity
Program
was
a
program
that
do
you
are
a
ran
out
of
a
single
family
bond
issuance
which
basically
enabled
people
when
they
purchased
a
home
to
go
to
a
banking
partner
and
get
a
low-interest
mortgage
rate,
and
it
was
coupled
with
down
payment,
closing
cost
assistance.
So
the
hof
down
payment,
closing
cost
program
fills
that
portion
of
the
void.
A
But
the
reason
we
haven't
been
able
to
bring
P
hot
back
is
because
in
2008,
when
the
rates
decline,
the
banks
were
actually
beating
our
rate
and
we
were
locked
into
a
bond
issuance.
So
the
banks,
I
think,
are
still
having
pretty
good
mortgage
rates
that
that
none
of
these
programs
are
really
set
up
to
compete
with
them.
We.
L
Need
to
maintain
permanent
affordability,
that's
that's
the
objective
here,
that's
what
we
need
to
do
and
we've
got
to
figure
out.
We
have
some
people
who
feel
like
we
don't.
We
can't
do
that
in
the
form
of
a
loan
solely
that
we
need
grants
in
order
to
make
the
product
accessible
and
the
legislation
says
that
we
can
use
both
if
desire.
We.
A
D
L
J
A
L
O
L
E
O
O
J
L
If
markets
are
going
to
shift
and
we
are
trying
to
create
affordable
housing,
mountain
markets
will
shift.
Let's
just
take
the
hill
district.
For
example.
That's
what
I'm
representing
here
in
the
market
shifts
it
allows
once
that
market
is
different.
This
home
allows
for
folks
who
might
have
otherwise
be
able
to
get
into
that
future
market
to
still
be
able
to
come
in.
That's.
J
L
We're
always
going
to
have
families
that
fit
this
particular
contract,
a
ting
poverty
here
or
just
make
you
we're
just
creating
more
supply
for
people
who
are
in
that
condition.
So
I
I'm
not
overly
concerned
about
that,
because
I
don't
think
the
tools
that
we
have
are
big
enough
to
make
a
difference.
One
way
or
the
other
I
think.
When
we
talk
about
families,
it's
just
creating
an
opportunity
for
housing
for
a
particular
family,
because.
J
I
L
I
R
O
E
O
Of
the
60
some
neighborhoods-
that's
not
a
real
issue
right
now
that
there's
there's
annum.
There
is
an
existing
stock,
but
you've
also
got
in
those
neighborhoods
tremendous
areas
of
blight
and
abandonment,
and
when
you're
doing
these
things,
it's
difficult
to
attract
buyers
to
those
parts
of
those
neighborhoods,
because
it's
risky
it's
perceived
as
being
a
risky
thing
to
do
that.
If
that
community
group
doesn't
do
the
next
five
houses
and
I'm
stuck
here
on
an
island
with
three
that
were
done.
O
G
I
L
Some
of
these
products
are
catalytic
projects
that
go
in
where
the
private
market
may
not
see
the
word
the
value
of
going
in
and
so
CDC's
basically
say
you
know
what
we're
not
the
market
we're
going
to
go
in
and
we're
going
to
try
to
create
some
synergy
here.
They
don't
have
the
tools
and
resources
to
be
able
to
do
that,
and
so
I'm
just
trying
to
figure
out
I
understand
I'm
cognizant
of
your
experience.
O
That's
where
a
deferred
mortgage
comes
in
and
the
URA
operates
those
programs
just
like
that
right
now
right.
This
was
supposed
to
mimic
that
and
and
there's
and
the
issue
with
99-year.
Again
that's
sort
of
a
place-based.
You
know
if
you're,
if
that
might
be
a
great
deal
in
a
place
like
Lawrenceville,
because
you're
gonna
have
folks
it,
but
aren't
gonna
be
able
to
be
in
that
neighborhood
any
other
way.
O
But
when
you're
talking
about
places
like
Charles
Street,
a
Marshall
Shadeland
on
the
north
side
or
parts
of
the
West
End
parts
of
the
South
Hills,
where
people
have
a
lot
of
different
choices,
they're
not
gonna,
maybe
pick
those.
It
just
becomes
a
more
difficult
thing
to
sell
in
an
already
tough
market
to
work
in
I.
J
R
H
Market,
if
you,
if
you're
arguing,
if
we're
arguing
against
it,
then
it's
saying
that
what
we
aren't
going
to
be
successful
in
turning
that
market.
If
we
are
turning,
if
you
are
successful
in
turning
that
market,
then
then
there
should
be.
You
know
an
affordability,
because
you
could
argue
in
any
jeopardy,
and
you
know
the
worst
REITs
in
in
those
other
neighborhoods
had
we
had
the
foresight
and
understanding
that
this
is
where.
O
N
Just
on
the
flip
side,
I
lived,
I
lived
in
a
project
like
this
I
lived
in
friendship
on
Clarendon
place
that
the
URI
invested
in
before
a
French
I
mean
we
probably
would
have
said
the
same
thing
about
friendship
that
were
saying
now
about
these
neighborhoods
and
the
you
are
a
subsidized.
It
it's
a
great
project.
It's
row,
houses
and
I
think
they
were
like
$90,000,
they
were
affordable
and
there
were
subsidy
and
there
was
the
restriction
that
you
had
to
stay
for
a
certain
number
of
years,
but
it
wasn't
a
long
term.
N
Affordability,
restriction,
I
think
they
sold
fast,
but
people
who
bought
them.
People
were
like
you're
nuts
and
then
I
was
in
the
second
wave
of
fires,
and
they
really
went
up
and
I
and
I
just
thought
like.
Okay,
all
the
subsidy
went
into
this
project
and
there's
no
restriction
on
it,
and
now
a
lot
of
them
are
rentals
because
friendship
has
totally
taken
off
people
bought
them.
I
mean
I
love
the
ura.
N
They're
selling
for
like
250
to
300,
they
started
at
90
they're,
not
long-term,
affordable,
they're,
mainly
higher-end
rentals
and
like
for
the
first
wave
of
buyers.
This
was
really
good,
but
if
they
had
had
an
affordability
restriction,
friendship
has
almost
no
affordable
housing.
Now,
so
I
think
that's
the
other
side
of
it,
and
we
just
have
to
think
about
that
too.
C
C
But
to
also
give
include
down
payment
assistance,
larger,
somewhat
larger,
down
payment
assistance.
That
is
so
that
some
of
the
risk
of
things
don't
go
as
well
is.
Is
it
cause
the
owner
taking
the
risk
we
going
in?
There
knows
it's
not
there
so
putting
in
twenty
twenty
or
thirty
dollars,
not
paper
assistance
done,
you
know,
so,
don't
go
home,
hey!
You
know.
They're
gonna
get
they're
not
taking
that
down.
I've
written
that
way,
because
they're
not
giving
the
same
less
potential
and
I
think
this
is
pretty
present.
C
A
And
our
deferred
mortgages
worked
a
little
bit
like
that
and
I
want
to
talk
about
that
real
quick
in
in
response
to
Mark's
example
of
if
it's
two
hundred
thousand
two
total
development
cost
to
rehab
the
house
and
it
sells
for
and
that's
the
sales
price
to
appraised
value
in
the
neighborhood
is
150.
This
is
80
percent
ami
program,
so
for
the
BOP
buyer
they
would
really
need
about
125.
So
what
what
we
could
do
is
that
50,000
to
get
from
200
to
150.
A
If
the
CDC
takes
a
grant
through
this
program,
it
would
have
the
99
year
restriction
or
they
could
get
a
grant
from
someplace
else
to
bridge
that
and
then
the
152
to
125.
That
could
be
in
the
form
of
a
deferred
mortgage
which
fits
number
three
on
that
list
to
the
buyer,
because
that
would
be
a
loan.
A
But
to
answer
Philips
point:
it's
a
loan,
but
there
is
terminology
in
there
that
if
the
values
in
the
neighborhood
you
know
do
not
increase
and
they
cannot
get
that
full
price
back
then
the
ura
will
share,
and
in
that
hit,
if
that
sales
price
cannot
be
resold
as
much
so
that
kind
of
almost
addresses
folks
concern.
So
that's
really
kind
of
doing
two
prongs
to
the
program
where
we
do
the
grants
with
the
99
years,
and
then
we
do
two
loans
to
get
it
down
to
an
affordable,
80%
ami
price.
G
We
thought
about
keeping
a
restriction
on
for
just
a
certain
period
of
time,
not
99
years,
because
what
I
think
about
where
this
was
done
before
Homewood,
the
Hill
District
Brad
up
where
they
had
the
first
homes
built.
You
know
they
had
and-
and
you
know
people
went
in
early
and
took
that
risk.
None
of
them
had
99-year
D
restrictions,
I
think
the
max
was
15
years,
you
know
and
then
after
the
15
years,
I
think
it
even
reduced
per
year.
Have
we
just
thought
about
something
like
that?
G
Because
I
think
I
don't
understand,
everybody
agrees.
We
need
to
do
it,
but
it's
like
okay,
maintaining
long-term
affordability,
but
also
the
the
other
piece
of
it
is.
The
number
one
way
to
build
wealth
is
through
homeownership
and
if
we're
not
allowing
that
homeowner
to
access
that
equity,
which
essentially
is
their
wealth.
You
know
we're
helping
on
one
end,
but
we're
also
restricting
them
on
other
and
we're
restricting
the
neighborhood
from
moving
forward
because
now
and
that
buyer
is
like
well
a
lot
seller.
G
Guess
I
can't
sell
because
you
know
so
and
then
maybe
there's
another
person
who
wants
to
come
in
that
could
help.
You
know,
advance
a
neighborhood
and
it
may
just
send
a
shock
wave
throughout
the
community,
so
I
understand,
but
at
the
same
time
we
could
be
pigeon
holding
a
community
with
this.
So
I
think
we
just
need
to
think
a
little
bit
more
creatively
but
again
and
all
the
other
examples.
You
know
that
witness
has
already
done.
None
of
them
have
99
year
restrictions,
so
that's
kind
of
like.
Why
are
we
doing
it?
If.
J
It
is
done
with
a
land
trust
they've
had
much
lower
levels
of
foreclosure
and
they
have
high
rates
of
people
moving
into
that
being
their
first
house
and
they
move
into
a
house
where
they
can
get
full
equity
and
they
still
get
some
equity
enough
to
put
a
downpayment
on
their
next
house.
Ideally,
there's
a
land
trust
because
there's
stewardship
assistance,
they
kind
of
step
in
like
if
you
miss
your
monthly
lease
fee.
They'll
know
maybe
you're
struggling
with
your
mortgage
or
you
know
they
can
offer
employment
assistance
and
things
like
that.
L
It's
like
a
homeownership
incubator,
I
mean
when
you
are
going
for
one
of
these
homes
that
has
this
level
of
subsidy
in
it.
It's
because
you
can't
otherwise
get
into
the
market,
and
so
how
do
you
pay
that
forward?
You
can't
extract
all
of
that
subsidy
as
as
equity.
Some
of
that
has
to
be
maintained
so
that
the
next
person
coming
to
the
table
with
similar
situations
can
do
the
same
thing,
because
you
can
sell
that
house
and
pay
off
another
entire
house.
G
I
think
we're
doing
both
I
think
we're
doing
access
I
think
we're.
We
also
need
to
be
cognizant
of
helping
preserve
their
equity,
but
we're
also
doing
something
much
bigger
that
we
may
not
even
be
realizing.
Is
that
we're
helping
to
advance
a
community
forward
so
we're
actually
helping
that
middle
income
neighborhood
or
a
transitional
neighborhood
to
actually,
you
know,
advance
forward,
so
we're
also
cattle
development.
You
know
we
can't
forget
about
that.
I
L
G
L
Doesn't
care
about
80%,
ami
or
below
the
market
cares
about
81%,
ami
and
above
because
they
have
means.
So
what
we're
doing
is
we're
saying
the
more
if,
if
people
want,
if
the
market
could
just
come
in,
there
would
be
a
delusion
there
would
be
no
need
for
us
as
the
market
caring
about
that
bracket.
It
doesn't.
So.
How
do
you
create
tools
that
says
we
care
about
this
bracket?
Not
just
in
2018,
we've
got
to
think
about
2038
and
I.
I
L
The
way
that
this
is
designed,
what,
with
the
hybrid
structure
that
you
talked
about,
Jessica,
gets
us
to
win
wins
in
each
of
those
areas,
but
I
agree,
I
mean
we've
got
to
think
about
a
long
term.
The
dong
term
development
needs
to
the
neighborhood,
but
the
market
will
do
that,
because
the
market
is
good
at
that.
What
are
you?
How
do
you
keep
people
that
otherwise
would
not
be
able
to
get
in
to
ensure
they
have
access
the.
J
J
When
we
talk
about
a
community
taking
off,
we
talk
about
the
future
that
community,
if
it's
a
future
where
those
low-income,
moderate
income,
people
don't
have
a
place,
and
it's
not
the
future
that
we
want
to
build
as
a
city.
So
we
have
to
you
know
what
we
do
when
we
rehab
a
house,
and
we
provide
that
opportunity
for
that
low
to
moderate
income.
Buyers
will
likely
draw
more
private
investment,
but
because
we
put
a
system
in
place
for
that
mixed
income
future,
then
we're
in
guaranteeing
the
future
that
we
want
to
build.
So.
G
My
thought
process
about
community
land
Trust's
is
that
it's
less
about
restricting
an
individual
and
more
about
controlling
the
the
global
environment
of
the
community,
so
influencing
what
happens
on
a
larger
development
perspective
controlling
the
land
so
that
there
is
affordability
preserved
so
that
there
is
affordable
housing.
You
know
kind
of
incorporated
into
the
plan,
not
as
much
so
about
you
know.
We
helped
you
get
in
this
house
and
we're
gonna.
You
know
kind
of
pigeon-holed,
you
cuz,
because
at
least
from
my
perspective,
you
know
when
I
leave
being
a
tenant
to
an
homeowner.
G
You
know
I
want
independence.
You
know
I'm
kind
of
buying
into
an
independence
as
well.
So
it's
like
I,
don't
have
to
answer
to
my
landlord
about,
can
I
have
a
dog
or
can
I
paint?
You
know
because
I'm
also
going
into
independence.
So
the
only
thought
about
this
is:
if
we
go
this
route,
we're
also
restricting
out
that
person's
and
independence,
the
Land
Trust
more
should
be
concerned
about
what
happens
from
from
a
you
know,
neighborhood
perspective
as
opposed
to
just
you
know
this
individual.
J
G
J
J
L
I
L
G
G
G
O
A
This
is
a
different
section
mark.
This
is
section
4
that
talks
about
for
hope
for
for
sale
if
it's
90,
if
it's
permanent
affordability,
which
is
defined
in
the
beginning
section,
that's
99
years,
that
it
can
be
used
as
a
grant,
but
if
it's
not,
it
needs
to
be
used
us
alone,
its
section,
two,
three
four
point:
zero.
Four:
if
you
start
with
a
C
but.
J
H
J
O
O
E
H
I
A
Can't
I
the
reason
with
downpayment
assistance,
I
pause
there
for
a
second
is
we're
looking
at
a
different
issue
at
the
ura
right
now
regarding
downpayment
assistance
and
when
it's.
If,
if
it's
at
all
a
grant
to
to
a
homeowner,
it
will
trigger
taxes
at
1099g
form
unless
it's
underneath
a
threshold
each
year.
We're
looking
at
that
right
now,
but
that
was
my
media
thought
to
to
your
answer
was
oh
whoa
that
person
would
get.
D
H
O
H
A
So
so
that's
where
it
differentiates
the
affordable
to
ninety-nine
years
from
the
rest
of
it,
so
that
that's
where
we're
stuck
so
everyone
can
look
at
that
and
I'll
be
setting
up
a
subcommittee
to
discuss
this
some
more
I
I
guess.
Is
it
okay,
though,
like
once
the
subcommittee
meets
that
I'd,
then
email
with
the
committee,
so
that
we
can
start
to
move
forward
prior
to
the
next
meeting?
Are
people
okay
with
either
coming
to
the
meeting
or
kind
of
accepting
the
recommendation
of
that
meeting
just.
A
So
just
want
to
briefly
give
you
an
update
as
to
everything
else.
That's
been
going
on
just
as
a
refresher
last
month.
You
know
we.
This
advisory
board
did
approve
the
guidelines
for
the
rental
gap
program
and
they
did
go
to
the
you
are
a
board
the
following
week
and
they
were
approved
and
folks
have
been
hard
at
work,
Evan
and
Jamie
over
there.
A
Working
on
a
RFP
which
we
are
extremely
hopeful
will
be
released
early
next
week,
so
that
RP
is
for
the
3.875
million-dollar
rental
line
item
and
it
will
be
released
publicly
hopefully
next
week.
Additionally,
the
down
payment
and
closing
cost
assistance
program
was
also
approved
by
this
committee
and
the
you
are
a
board.
We
have
a
draft
application
that
we
are
reviewing
with
our
legal
department
right
now.
We
are
trying
to
figure
out
a
few
things
such
as
tax
consequences
to
folks
and
we're
looking
into
that.
A
And
then
the
third
one
that
was
approved
last
month
was
the
homeowner
assistance
program
and
that
was
approved
by
the
this
committee
and
also
by
the
you
are
a
board
and
once
the
rental
RFP
is
released,
we
will
go
for
first
ahead
on
this
RFP,
which
is
for
program
administrators
and
so
that
RFP,
hopefully,
will
be
out
within
the
next
three
three
or
four
weeks
as
well.
So
that
is
where
we
at
with
where
we
are
at
with
the
other
programs
or
any
questions.
A
Right,
it's
a
really
great
question.
We
we
will
do
as
much.
You
know
outreach
as
possible.
We
can
have
a
press
conference.
We
can
you
know
we
definitely
do.
You
are
a
does
a
big
Twitter
feed
blast,
but
in
terms
we're
very
concerned
about
attracting
folks
that
are
not
necessarily
internet
savvy
silver.
Actually,
we've
had
a
couple
meetings
about
advertising
on
the
back
or
on
the
inside
of
buses.
A
We've
also
started
meeting
with
with
council
people
and
their
staff
to
make
sure
that
when
we
do
advertise
in
their
neighborhoods
on
bus
shelters
or
in
libraries
or
whatever
we're
hitting
the
places
that
they
recommend,
where
they're
there
just
through
its
go
the
most
and
we're
welcome
to
do
anything
else
that
that
others
want
us
to
do.
I
mean
there
we
do
have
you
know
in
our
budget,
like
I,
said
that
staff
position
we
have
some
funds
for
marketing.
It's
very,
very
important
to
get
these
out
as
much
as
possible.
Q
J
A
J
A
So
so,
there's
the
the
rental
art
piece
going
out.
First,
like
I,
said
next
week:
Monday
Tuesday
is
to
go
on
that
one
so
that
if
there
are
projects
that
need
to
close
rental
projects
and
need
to
close
this
calendar
year,
December
31st
that
they
could
come
to
this
advisory
board
at
the
December
meeting.
That's
the
intent,
there's
been
a
lot
of
legality
and
legal
stuff
done,
needs
to
go
in
the
RFPs
and
so
forth,
which
has
delayed
us
a
little
bit.
A
J
I
A
A
I
N
C
Sure
so
the
conflict
of
interest
policy
is
there's
a
gets,
the
direct
and
indirect.
So
if
you
are
actually
for
the
actual
proposal
to
go
in,
if
you,
if
you
made
a
proposal
in
there
than
you
need
to
done,
you
cannot
be
part
of
the
conversation
for
anything
in
that
program.
So
at
this
point
you
should
know
whether
or
not
you're
gonna
have
to
or
shortages.
You
should
know
whether
or
not
you're
gonna
have
to
step
out
of
that
part
of
the
conversation.
C
C
So
we
went
back
after
so
it's
not
just
your
project
but
when
they're
discussing
all
the
awards
for
that
program,
so
you
can't
be
part
of
the
discussion
for
our
other
project.
That's
going
after
the
same
funding,
because
obviously
you
have
a
conflict
there
too.
So
if
you
for
again
financing,
if
you
want
after
get
financing,
you
can't
be
part
of
the
discussion
for
any
of
the
gas
financing
Awards.
C
Now
we
had
a
different
conversation
about
what
they
have
to
step
out
of
the
room
are
not
that
others.
These
are
public
meetings.
It
seems
the
consensus
that
make
you
step
out
of
the
room.
Public
could
be
there
anyway,
but
does
it
seem
appropriate
for
you
to
spend
away
from
the
table,
but
we
just
really
decide
I.
Think
the
group,
especially.
M
M
I
understand
that
you
know
well,
should
they
step
out
of
the
room
and
it
may
sound
silly,
but
from
a
exception
of
the
general
public
and
what
they
see
if
they
see
that
an
entity
is
there
garnering
an
advantage
for
whatever
reason,
I
think
that
again,
then
we'd
have
to
open
up
to
all
entities
that
would
be
proposing.
That
would
be
responding
to
an
RFP
and
they.
K
L
I
J
E
J
A
J
M
A
A
A
Underwrite
liquor
in
it,
so
we're
not
right
and
that's
sort
of
the
point
of
the
scoring
sheet
as
well
is
just
for
us
to
say:
yes,
we
under
it
them,
and
this
is
what
we're
seeing
and
we
can
also
provide.
You
know
some
underwriting
narrative
of
you
know:
here's
a
brief
sources
and
uses
and
try
to
summarize
it
for
you,
so
that
so
that
devise
report
is
not
looking
through
a
30
page.
You
know
application.
A
Month
we
might
have
to
do
both.
We
might
have
to
do
two
for
sale
strategy
and
and
any
responses
that
are
in
our
RFP.
But
ideally
we
get
in
this
cycle
throughout
the
year
where
we
do.
You
know
a
couple
months
of
allocation
plan
and
guidelines
for
you
know
each
year,
but
then
the
rest
of
the
time
is
getting
the
applications
and
so
and
hope,
hopefully.
A
B
What
I
wanted
to
say
earlier
from
my
public
ami
I
totally
forgot,
but
you
mentioned
it
and
we
trigger
my
memory,
so
I
ask
of
the
advisory
board
and
Jessica
I
know
that
your
working
group
is
typically,
you
don't
want
to
go
through
the
whole
public
process,
but
I'm
asking
to
be
transparent.
At
least
let
us
know,
because
nothing
between
the
18th
and
19th
another
ivory
war
in
that
Celeste
myself.
B
A
So
our
people
comfortable
with
me
using
Pittsburgh
United
to
get
word
out
for
subcommittee
meetings,
is
that
and
if,
if
we
do
feel
but
but
I
do
need
folks
to
RSVP
to
me,
because
if
we
do
feel
like
there's
gonna
be
more
than
nine
members,
I
still
do
have
to
publicly
post
under
the
sunshine
Act.
It's.
J
Really
it
gets
awkward
because
it's
like
well
people
didn't
our
CPS.
We
don't
have
to
go
public
with
it
like
at
awkward
like
I,
feel
like
we
should
either
plan
for
it
to
be
an
open
meeting
or
not,
and
because
it's
almost
a
disincentive
it
people
wanna
act
privately
to
be
like
I
hope.
No
one
can
come
so
we
can
just
be
I.
Don't
know
like
it
just
seems
weird
like
you
should
have
an
intent
or
not
or
executive.
D
I
I
N
K
K
K
D
J
R
R
R
On
the
Orias
website,
as
well
as
public
purchase,
which
is
what
the
Ori
is
now
using
for
bid
solicitation,
we
will
there's
PDF
copies
like
bitter
attached
on
the
orient
website,
so
someone
could
download
it
and
print
it
and
we'll
also
have
a
we're
calling
it
I
can't
remember
the
exact
term
it
like
a
pre
proposal,
meeting
sort
of
where
people
who
see
the
RFP
and
are
interested
in
finding
more
out
about
it
will
come
and
we'll
probably
have
printed
versions
there.
I'm.
H
R
R
L
I
would
recommend
is
that
they
be
posted
to
public
purchase,
but
you
don't
collect
them
through
public
purchase
because
they
can
be
up
there
for,
however
long
you
want
it
to
be,
and
then,
since
you're
using
hof
at
you
are
org
people
just
send
them
via
email,
I
mean
that's.
What
I
would
recommend,
because,
because
I
don't
think
the
issue
is
really
collecting
them
electronically,
if
they
send
them
via
email.
That's
the
easiest
way
to
share
it.
I'm.