►
Description
August 22, 2023 Bloomington, MN Housing and Redevelopment Authority Meeting
A
B
A
C
D
A
A
second
by
commissioner
Lewis,
all
those
in
favor
favor,
please
signify
by
saying
aye
aye
opposed
motion,
passes
6-0.
Moving
on
to
item
three.
It's
the
approval
of
the
minutes.
3.1.
We
will
be
looking
towards
a
motion
to
approve
the
August
8
2023
HRA
board
meeting
minutes.
Are
there
any
questions
or
additions
to
the
meeting
minutes?
A
We
have
a
motion
by
commissioner
Lewis
second
and
a
second
by
commissioner
Wooten
to
approve
the
August
8
2023
HRA
board
meeting
minutes.
Is
there
any
discussion
hearing
none
all
those
in
favor,
please
signify
by
saying
aye
aye.
E
A
B
But
what
I
am
bringing
forward
today
is
a
request
of
the
HRA
board
to
approve
a
resolution
authorizing
the
levy
of
a
special
benefit
Levy
pursuant
to
Minnesota
statute,
section
469.003,
subdivision
6
and
approval
of
a
budget
for
fiscal
year
2024.,
and
so
this
is
a
request
for
the
board
to
review
and
approve
a
proposed
2024
HRA
budget
Levy,
and
then
the
city
council
would
be
requested
to
review
and
approve
the
proposed
budget
and
Levy
requests,
edits,
September,
18,
2023,
regular
meeting,
and
so
in
your
agenda
packet.
B
There
are
a
few
items:
I
included
a
summary
document
that
provides
the
information
to
break
down
the
different
funds
that
we
have
in
the
HRA
and
what
those
funds
go
towards
the
activities
and
the
projects
that
those
funds
cover,
as
well
as
information
around
the
total
preliminary
operating
budget
and
the
proposed
Levy
amount.
And
so
do
we
have
the
presentation
it
presentations
coming
up.
B
I
do
want
to
remind
us
that
the
HRA
does
have
the
authority
to
Levy
at
the
statutory
cap
of
.0185
percent,
and
so
the
total
2024
Levy
estimate
is
365
356
dollars.
When
we
get
these
numbers,
we
get
them
from
Hennepin
County,
and
so
the
estimated
median
valued
home
tax
is
an
increase
from
2023
to
2024
at
45
cents,
so
that
is
four
dollars
and
12
cents
to
4.56
per
month
at
the
maximum
allowed
Levy
amount.
B
So
this
increase
is
due
to
a
14
increase
in
property,
Market
values
of
the
of
homes
and
the
HRA
Levy
authority
to
be
requested
at
this
same
rate,
so
it
is
0.0185
percent.
We
are
looking
to
request
one
million
six
hundred
sixty
five
thousand
three
hundred
fifty
six
dollars
the
cost
per
month
for
the
median
value
home
would
be
two
dollars
and
26
Cents,
so
I
just
want
to
ground
Us.
B
In
2023
we
did
request
the
maximum
Levy
amount,
which
was
about
2.7
a
little
bit
over
2.7
million
and
through
a
joint
Powers
agreement
with
the
port
authority
to
allow
the
port
authority
to
operate
and
do
work
city-wide.
B
We
did
a
joint
Powers
agreement
for
1.4
million
dollars,
so
I'm
just
grounding
us
is
that
last
year
the
HRA
had
a
levy
amount
that
we
used
in
the
HRA
of
about
1.376
million
and
this
year,
I'm
asking
for
1.665,
so
the
levy
amount
increase
to
the
HRA
is
a
little
bit
is
around
three
hundred
thousand
dollars.
Okay,
so
I
just
wanted
to
remember
that
you
did
approve
that
in
2023
in
2022
for
the
2023
budget.
B
So
we
have
multiple
funds
in
the
HRA
we
have
the
general
Administration
fund,
the
Development
Fund
vouchers.
This
is
our
housing
Choice
vouchers.
This
fund
actually
is
mostly
with
Federal
money
from
the
housing
Choice
voucher
program
for
HUD.
It
does
cover
the
program
itself
as
well
as
some
staff
time
so
administrative,
the
cdbg
rehab.
This
is
also
federal
dollars
from
cdbg
for
our
home
improvement
loan
program,
as
well
as
other
activities
that
have
been
approved
through
cdbg,
but
this
main
fund
is
cdbg.
B
Rehab
neighborhood
neighborhood
is
also
another
Rehabilitation
loan,
but
it
does
include
other
loan
programs
such
as
our
housing,
environmental,
environmental,
Loan
program,
better
known
as
help
a
brush
with
kindness
Center.
For
Energy
and
environment,
which
has
air
sealing
insulation,
installation
programs
and
funding
for
our
biennial
home
Fair,
which
2024
would
be
a
home
Fair
year,
so
this
fund
does
receive
repayments
from
older
loans
that
have
been
committed.
We
have
assisted
rental.
This
is
20
properties,
scattered
site
properties
that
are
owned
by
the
HRA
that
were
converted
from
public
housing
to
Pride.
B
To
10.
Excuse
me:
Project,
based
housing,
Choice
voucher,
which
means
the
voucher
runs
with
the
unit,
and
so
when
people
qualify
move
into
the
unit
they
are
receiving
that
assistance
and
when
they
have
stayed
for
so
long,
they
can't
move
with
an
actual
voucher
to
find
someplace
else
to
live
rental
homes
for
future
home
buyers.
This
is
abbreviated
as
rental
homes,
because
it's
a
long
name.
This
is
the
21
HRA,
scattered
site
properties
that
are
for
the
five-year
Pathways.
B
The
homeownership
program
that
we
have
so
people
that
move
into
those
properties
are
on
a
pathway
to
purchase
a
home
and
then
I
added
one,
because
we
wanted
to
be
more
clear
about
it,
but
the
opportunity
housing
fund.
This
is
the
affordable
housing
trust
fund,
revolving
Loan
Fund.
So
what
this
is
is
that
we
do
use
part
of
the
levy,
500
000,
of
the
levy
to
go
into
the
Development
Fund
from
the
Development
Fund.
B
That
money
is
transferred
to
the
opportunity
housing
fund,
and
so
I
will
go
to
our
presentation
now
and
I
will
go
back
to
our
first
slide
just
to
ground
us
in
our
mission,
and
so
our
mission
is
to
help
provide
affordable
housing
opportunities
for
those
who
are
not
adequately
served
by
the
marketplace,
coordinate
the
city's
efforts
to
preserve
existing
neighborhoods
and
promote
development
and
Redevelopment
that
enhance
Bloomington.
There
are
five
main
areas
of
the
HRA:
we
have
operations
that
is
high
level
we'll
get
into
that.
B
But
then
we
have
four
buckets
that
are
more
public
facing
housing,
stability,
home
ownership,
Pathways
housing
creation
and
housing
preservation.
So
again,
the
2024
proposed
budget
is
a
total
of
10
million.
Fifty
one
thousand
six,
fifty
one
thousand
six
hundred
seven
dollars.
B
Thank
you
and
the
levy
request
is
one
million
six
hundred
sixty
five
thousand
three
hundred
fifty
six
dollars,
and
so
the
next
slide
just
shows
a
better
picture
of
the
structure
of
the
HRA
and
so
the
structure
of
the
HRA,
because
I,
like
pictures
and
I,
think
people
understand
them
a
little
bit
better.
Just
shows
the
HRA
board
at
the
top
is
the
organizational
body
the
governing
body,
the
operations
and
then
the
little
flags
that
you
see
are
the
associated
funds.
B
Just
so
it's
helpful
to
see.
Okay,
where
does
where
does
the
money
go
for
these
different
items?
And
so
General
Administration
primarily
covers
different
operation
functions,
so
high
level
operation
functions,
but
then,
in
the
four
buckets
of
the
HRA
they
are
two
distinct
areas:
housing
stability
and
home
ownership,
residential
development
and
services.
So
housing
stability
and
Home
Ownership
include
housing,
stability
and
homeownership
Pathways
and
the
funds
that
are
primarily
associated
with
that
are
vouchers,
assisted
rental
and
rental
homes.
B
B
So
I
thought
a
pie
chart
would
be
more
helpful
to
show
you
how
the
money
is
broken
out
from
the
10
10
million
51
607
dollars.
I
just
want
to
First
Call
that
63
of
it
is
vouchers.
B
So
63
percent
is
federal
money
that
is
operating
our
housing
Choice
voucher
program,
and
that
is
all
aspects
of
operating
that
program.
So
that
includes
the
admin,
some
staff
time.
That
includes
also
the
payments
for
the
participant
households
that
are
participating
in
that
program.
B
Then
following
development
is
eight
percent,
so
the
next
largest
bucket
is
our
Development
Fund
at
855
000,
our
general
administration's
at
five
percent
at
470
355
000.
opportunity
housing.
This
is
the
500
000
backstop
Excel
rounds,
the
numbers,
so
it
is
rounded
to
five
percent
rental
homes
for
future
home
buyers
at
four
percent.
B
The
estimated
repayments
for
both
of
those
are
lower
than
they
have
been
in
previous
years,
because
since
2020
we
have
seen
a
historically
High
repayments
due
to
the
real
estate
market
and
I
cannot
in
good
faith
project
that
we
will
continue
to
see
very
high
repayments,
and
so
that
is
why
the
repayments
look
a
little
lower
than
they
were
last
year.
B
Foreign,
because
how
is
the
levy
being
divvied
up
for
the
budget?
As
you
can
see,
there
is
three
percent
for
vouchers
at
51.
987.
B
Part
of
this
is
because,
as
rents
go
up,
and
we
look
at
our
payment
standards
to
make
sure
that
we
are
allowing
for
participants
to
have
the
greatest
opportunity
to
be
able
to
rent
a
unit
in
Bloomington
and
still
be
at
an
affordable
payment
for
them.
More
of
our
more
of
our
funding
from
HUD
potentially
goes
to
that
participant
participants,
payments,
and
so
we
just
add
just
a
little
bit
at
51
987
of
the
levy
just
to
make
sure
that
all
admin
costs
are
covered.
B
B
So
in
2023
we
found
out
that
the
budget
for
2023
we
found
that
out
in
April
of
2023.,
and
so
we
have
to
base
that
off
of
that
51
of
the
levy
is
the
Development
Fund.
B
That
is
primarily
where
we
do
put
the
funding
from
the
levy,
and
then
we
have
27
percent
that
goes
into
General
Administration
again.
This
covers
different
planning
and
administrative
activities.
B
It
also
is
reflective
of
the
increase
that
you
all
asked
me
to
consider
for
a
non-profit
support,
and
so
the
increase
for
non-profit
support
is
five
thousand
dollars
per
non-profit.
So
it's
now
a
recommended
fifteen
thousand
dollars,
instead
of
ten
for
the
four
non-profits
that
we
do
offer
administrative
support.
So
that's
out
of
the
general
Administration
where
that
is
at
and
then
eight
percent
is
rental
homes
at
129
293
dollars.
B
The
purpose
for
this
is
that
rental
homes
is
a
program
that
is
a
five-year
program
for
households
who
will
be
escrowing
money
towards
a
down
payment
on
a
house.
However,
we
are
at
the
point
of
needing
to
just
make
sure
Capital
Improvements
are
being
done
on
our
properties
on
the
assisted
rental
side,
where
we're
getting
partial
payments
from
HUD.
B
For
that
it's
a
little
bit
easier,
but
on
the
on
the
rental
home
side
we
are
not,
and
so
just
proposing
putting
a
little
bit
of
Levy
money
in
there
to
help
with
the
operations,
which
is
an
outsourced,
Property
Management
property
maintenance
company
now,
which
also
includes
our
properties
being
brought
up
to
More
Energy,
Efficiency
and
sustainability,
as
we
are
turning
them
over.
We've
been
turning
over
quite
a
bit
so
and
then
lastly,
is
neighborhood
at
1183
721
again
I
mentioned
this
includes
our
help
Loan
program
a
brush
with
kindness.
These
are
grants.
B
Excuse
me
forgivable
loans
to
households
in
need,
and
so
those
are
not
funds.
Those
are
not
loans
that
we
expect
to
be
repaid
on
so
I
am
proposing
adding
some
of
the
levy
dollars
to
that
fund.
B
So
I
just
wanted
to
make
sure
I
provided
a
timeline
of
action
steps,
and
so
we're
here
this
evening
for
the
board
to
consider
the
preliminary
budget
in
Levy
September
18th
is
the
city
council
meeting
where
they
will
consider
the
preliminary
budget
and
Levy
it's
the
same
information
that
they
will
look
at
and
consider
the
request.
The
preliminary
Levy
request
is
due
to
Hennepin
County
by
September
29th.
B
So
this
is,
if
we
don't
get
it
in
on
that
date,
we
will
not
have
a
levy,
because
you
have
to
submit
your
preliminary
requests
before
submitting
your
final
and
it
does
have
to
be
with
documentation
approved
by
the
governing
body.
So
that
would
be
the
resolution.
B
Then
November
14th
is
slated
for
the
final
budget
in
Levy.
This
is
every
year.
If
there
are
any
changes,
we
come
back
in
November
to
discuss
potential
changes
and
approve
that
and
then
the
first
meeting
of
the
city
council
in
December,
which
and
that
would
be
by
resolution-
and
that
is
due
to
Hennepin
County
by
December,
20th,
and
so
with
that
I
can
take
any
questions
or
comments
and
discussion
and
then
I
have
a
suggested
motion.
B
I
do
just
want
to
before
we
get
to
any
questions.
Sorry
I
do
just
want
to
add
that
we
do
have
commissioner
Mueller
participating
remotely
pursuant
to
Minnesota
statutes,
13d.02
subdivision
1
B2,
and
it
is
6
24
p.m.
So
I
just
wanted
to
add
that
and
any
vote
we
will
do
a
roll
call
vote
on
any
item
with
that.
Thank.
C
Thank
you
very
much
chair
out
of
curiosity.
I
know,
Council
got
a
presentation
last
night
about
how
the
future
for
permit
revenue
is
a
little
uncertain,
especially
with
the
larger
projects
in
the
interest
rate
environment,
not
quite
knowing
how
that's
going
to
shake
out
I
guess
when
we
look
at
the
HRA
development
work.
I
know
that's
on
kind
of
a
20
units
under
I
believe.
Are
we
anticipating
that
much
fluctuation
in
terms
of
projects
that
size,
or
especially
the
budget,
implications
of
that.
B
Thank
you,
commissioner
Martin.
So
it
is
proposed
that
the
HRA
would
be
able
to
increase
development
of
single
to
family
or
missing
middle
housing.
B
However,
to
do
that,
we
are
looking
to
also
leverage
other
dollars,
and
so
there
was
the
one
billion
dollar
housing
bill
passed
at
the
state
legislature.
This
last
session,
which
does
at
this
point,
is
advertised
that
there
will
be
funding
available
to
apply
for,
and
so
we
would
be
looking
to
apply
for
that
funding
and
with
that
we
would
be
looking
to
leverage
potential
dollars
that
we
already
have
in
our
Development
Fund.
B
E
Yes,
commissioner,
administrator
Coleman
is
the
amount
of
money
we're
living
for
the
there
were
living.
Is
that
amount
the
highest
amount
we
can
go,
or
is
there
a
statute
statute
based
on
that
amount
kind
of
to
answer
your
question?
If
we
can
Levy
a
little
bit
more,
will
that
cover
any
concerns
we
have
from
commissioner
Martin?
Thank.
B
You,
commissioner,
Wooten,
so
what
I
will
say
and
and
clarify,
because
I
miss
clarifying
it
is
that
the
HRA
board
considers
only
the
HRA
Levy
and
it
is
at
a
statutory
cap
of
0.0185
percent.
That
is
a
maximum
of
three
three
million
165
356
dollars
as
set
by
Hennepin
County.
B
The
reason
I
have
phrased
it
in
the
way
I
have
in
the
summary
and
in
my
speaking,
is
because
the
HRA
board
does
have
the
authority
to
set
the
preliminary
Levy
amount
higher
than
my
recommendation,
but
it
does
need
to
be
approved
by
city
council,
and
so
there
is
more
to
consider
if
you
are
asking
to
go
higher
than
that
amount
of
the
impact
to
the
median
value
home
and
the
HRA
board
only
considers
the
HRA
where,
whereas
the
city
council
is
considering
the
whole
city
and
any
other
sources
of
funds
that
may
impact
households.
B
G
Thank
you
chair,
so
I
was
going
to
ask
a
similar,
similar
clarifying
question
just
to
make
sure
people
who
are
watching
have
Clarity
that
we're
not
asking
for
the
3.165
million
that
we're
asking
for
the
lower
amount
and
then
just
to
chair
Coleman's,
point
I'm.
Sorry,
administrator
equipment,
you're,
not
the
chair,
but
when
the
council
looks
to
vote
on
the
unapproving
or
not
approving
the
HRA.
G
Levy
will
also
be
considering
the
broader
tax
levy,
as
well
as
the
Port,
Authority,
Levy
and
and
I
do
think
that
I
can
confidently
say
that
the
council
is
trying
really
hard
to
think
about
the
the
impact
on
residents
of
all
three
right.
Not
just,
and
then
we
also
I
mean
Hennepin
County,
also
Levy's
attacks,
the
school
district
also
does,
and
that's
a
third
of
a
property
or
a
tax
dollar.
So
it's
there
are
a
lot
of
taxing
entities,
and
so
we
just
are
trying
to
be.
G
We
will
be
trying
to
be
careful
of
the
impact.
It's
a
it's
a
delicate
balance
right
of
like
providing
the
needed
services
and
programs
with
also
just
wanting
to
be
cognizant
of
that.
So.
B
Yes,
thank
you,
commissioner,
Carter
and
I
do
want
to
stress,
because
I
mean
I
kind
of
mentioned.
It
I
have
already
been
applying
for
funding.
We
did
a.
You
did
approve
at
the
last
meeting
of
resolution
to
apply
for
funding
to
the
Metropolitan
Council
for
pre-development
and
development
funds,
so
just
because
I'm
not
proposing
paying
for
development
or
other
items
out
of
using
the
maximum
Levy
does
not
mean
I'm
not
proposing
doing
the
work.
We
just
need
to
leverage
other
dollars
from
our
regional
state
and
federal
sources,
and
the
opportunities
are
there.
A
A
I
would
just
like
to
add.
I
want
to
thank
staff
and
Minister
Coleman
for
the
diligence
and
the
presentation.
It
really
made
it
a
lot
easier
to
understand
because
I
know,
working
with
numbers
and
working
with
this
amount
of
money
can
get
very
overwhelming
for
especially
not
just
I.
Think
just
us,
but
also
the
you
know,
the
general
public,
so
I
just
want
to
wanted
to.
You
know
state
that.
So
with
that
hearing
no
other
discussion,
all
we
will
be
actually
looking
for
a
roll
call
vote.
B
Thank
you,
chair
huhim,
so
I
wanted
to
bring
this
before
you
this
evening,
cdbg
citizen
participation
plan,
so
our
citizen
participation
plan
is
usually
included
with
our
Consolidated
plan.
The
Consolidated
plan
is
a
Five-Year
Plan.
Excuse
me.
Let
me
back
up.
Cdbg
stands
for
Community.
Development
block
grant
have
to
remember
to
say
that
so
it's
usually
with
our
system
participation
plan,
it's
usually
with
our
Consolidated
plan,
which
was
done
in
2019
for
the
five-year
period
of
2020
through
2024..
B
However,
with
different
actions
and
changes,
it
was
we
were
notified
that
we
could
make
some
updates
to
just
the
line
with
the
process,
and
so
the
main
update
that
happened
with
the
citizen
participation
plan.
Is
it
used
to
call
out
a
substantial
Amendment
and
a
general
amendment,
and
there
really
isn't
a
thing
as
a
general
amendment
for
our
size,
city
and
entitlement
funds
and
so
HUD?
B
Just
let
us
know
you
can
remove
that
and
just
make
updates
to
it
and
put
it
out
for
public
comment
period,
so
I'm
bringing
it
before
the
HRA
board
just
for
you
to
review
and
consider
and
make
a
recommendation
of
approval
to
the
city
council,
but
it
is
open
for
a
30-day
public
comment,
public
review
and
comment
period
that
was
advertised
on
our
web
page
through
our
newsletter
in
the
newspaper,
the
sun
current.
It
is
posted
in
the
HRA
office.
Anybody
can
come
in
and
review
it.
It's
posted
online.
B
Anybody
can
review
it
online
and
they
can
also
submit
comments
in
writing
by
mail
email
in
person,
and
so
what
this
is
is
it's
still
in
that
period
and
that
closes
on
September,
9th
and
I
would
be
looking
to
go
to
the
city
council
after
the
public
comment
period
closes
so
far,
I
have
not
received
any
comments
on
the
plan
to
make
any
any
changes
or
updates
or
clarification.
A
Hearing
and
seeing
no
questions
we'll
be
looking
for
a
motion
to
recommend
approval
of
the
citizen
participation
plan
for
consideration
by
the
city
council.
Madam
chair
still
moved.
We
have
a
motion
by
commissioner
Lewis
and
a
second
by
commissioner
Wooten.
Is
there
any
discussion
hearing
and
seeing
no
discussion
we'll
be
looking
for
a
roll
call
vote
who.
A
B
You
chair
huhim,
so
I
just
wanted
to
provide
an
update
because
it
was
a
while
ago
so
in
on
December
13th
of
2022.
The
HRA
board
did
approve
resolution
2022-37,
requesting
that
Hennepin
County,
forgive
loans
made
in
connection
with
properties
purchased
for
the
rental
homes
for
future
home
buyer
program,
so
that
is
21
single-family,
scattered
site
properties.
B
The
rental
homes
for
future
home
buyers
program
was
were
purchased.
Properties.
Excuse
me
were
purchased
through
the
home
investment
partnership
program.
That's
a
HUD
initiated
program
for
affordable
rental
and
homeownership
opportunities
to
serve
low-income
households.
So
I
want
to
just
mention
here
that
the
rental
homes
future
home
buyers
program
does
have
an
income
cap
adjusted
by
household
size
of
80
Ami.
B
So
if
they're
over
that
income,
they
would
not
qualify
to
be
able
to
take
part
in
the
program,
but
we
do
go.
Currently
we
go
as
low
as
50
Ami
for
people
to
move
in
and
make
changes
to
credit
education
learn
different
things
to
be
on
that
pathway,
while
escrowing
money
towards
down
payment
on
the
house
so
aligning
with
the
HRA
statutory
Focus,
Mission
and
recommendations
of
the
HR
assessment.
B
Hennepin
County
was
requested
to
forgive
the
loans
at
a
total
of
1
million
three
hundred
ninety
nine
thousand
seven
hundred
nineteen
dollars
and
ninety
nine
cents
for
the
properties
in
the
program,
and
the
HRA
will
continue
to
maintain
them
as
long-term,
affordable
units
serving
the
program
Mission.
So
there
would
be
no
change
to
the
program.
We
would
not
be
selling
Properties
or
anything.
B
I
will
yes,
I
will
add
that
I
did
include
the
resolution
in
our
in
your
packet
and
our
our
own
commissioner,
representing
Bloomington,
was
also
able
to
Second
this
motion
and
wasn't
very
much
so
support
of
this
request,
and
so
I
just
wanted
to
give
you
that
update
of
you
passed
the
resolution
back
in
2022
and
it
went
through
the
process.
B
But
we
have
been
awarded
the
loan
forgiveness
and
so
Hennepin
County
is
just
drafting
the
satisfaction
documents
to
be
recorded,
but
we
will
continue
to
maintain
the
properties
in
the
program
and
look
for
opportunities
when
we
can
add
more
properties
to
the
program.
Just
wanted
to
give
you
that
update.
G
You
I
actually
just
have
a
quick
question,
so
you
talked
about
the
Ami
kind
of
limits
so
around
between
kind
of
50
to
80
Ami.
What
happens
if
somebody,
while
living
in
the
home,
increases
their
income
so
they're
above
80,
or
maybe
they
lose
their
income
so
they're?
You
know
on
unemployment
for
a
little
bit
like
do
they
have
kind
of
a
grace
period
for
and
if
and
I,
wouldn't
think
we'd
want
them
to
be
penalized
if
their
income
goes
up,
but
no
you
could
talk
a
little
bit
about
that.
B
Thank
you,
commissioner
Carter.
That
is
a
great
question
and
one
of
the
reasons
we
asked
for
the
Forgiveness
home
investment
partnership
program
is
actually
very
clear
on
its
income
limits.
80
percent
is
the
cap,
and
for
many
years
we
held
it
at
50
percent,
and
so
we
were
because
of
those
agreements
we
were
doing
compliance
and
annual
reporting
and
so
households
cannot
exceed.
B
However,
without
the
restrictions,
because
the
whole
purpose
of
the
program
is
to
increase
income
and
or
opportunity
to
buy
a
home.
What
we
have
been
able
to
see
is
that,
if,
if
incomes
go
up
more
homes,
more
households
are
actually
able
to
put
more
in
escrow,
and
so
it's
a
five-year
program,
and
so
we
do
want
to
work
with
them
and
encourage
them
that,
if
they're
ready
before
the
five
years
and
they
are
able
to
locate
a
property
of
their
choosing
where
they
choose,
then
they
could
move
into
that.
B
G
Thank
you
yeah.
That's
really
helpful,
but
yeah.
Otherwise
this
is
very
exciting.
So
thank
you
to
the
hre
board
for
doing
that
work.
Last
year
and
yeah,
it's
it's
really
cool.
Looking
at
the
detailed
budget
sheet
that
you
provided
and
seeing
that
that
loan
done
so.
Thank
you.
Thank.