►
From YouTube: April 8, 2021 Minneapolis Advisory Committee on Housing
Description
View Marked Agenda
https://lims.minneapolismn.gov/Board/MarkedAgenda/MACH/2352
Additional information at
https://lims.minneapolismn.gov
C
D
E
A
E
A
C
B
C
F
B
B
B
A
So
I
imagine
we're
all
feeling
a
lot
and
reliving
a
lot,
and
so
I
again
just
I'm
grateful
for
your
time
here
today
to
devote
to
this
committee.
I'm
gonna
ask
so
now
we
go
into
our
public
comment
period
and
brenda.
Do
you
wanna
take
that
portion,
okay,
you're
on
mute,
and
I
did
just
send
you
an
email
with
that
language?
If
you,
if
that's
helpful,
if
you
want
to
use
that
yeah,
give
me
a
second.
D
Back
next
on
our
agenda
is
our
committee
public
comment
opportunity
the
advisory
committee
on
housing
set
aside
10
minutes
on
each
of
our
agendas
to
hear
public
comments
for
non-committee
members.
We
ask
that
each
person
making
a
comment,
keep
the
remarks
to
one
minute.
All
comments
should
be
related
to
housing
issues
in
the
city
of
minneapolis
and
when
possible,
related
to
items
on
the
committee
agenda
for
this
meeting.
We
take
notes
on
all
public
comments
and
we
discuss
them
as
they
relate
to
our
agenda
items.
D
D
D
B
G
G
B
A
I
think
we
can
keep
moving
in
the
agenda,
then,
if
yeah,
we
don't
have
any
public
comments,
great
job.
Thank
you.
Brenda
thanks
and
thanks
to
all
of
our
guests
who
are
here.
We
appreciate
you
being
online
online
and
listening
in,
so
thank
you
for
being
a
dedicated
resident
and
city
or
resident,
and
citizen
of
the
city
appreciate
that
great.
So
the
next
next
on
our
agenda
today
is
to
go
over.
A
A
H
Will
learn
great
I'm
getting
a
little
bit
of
feedback,
so
if
everybody
there
we
go
seems
better
guess
what
happens
at
the
beginning
thanks
everybody.
So
katie
has
given
some
of
these
updates
that,
in
her
absence,
asked
me
to
to
step
in
and
update
today
on
the
emergency
rental
assistance,
I
think
robin's
going
to
address
a
different
update.
H
So
just
for
a
reminder,
I
think
we've
talked
about
this
before
the
city.
Overall,
the
state
of
minnesota
has
received
over
380
million
dollars
in
emergency
rental
assistance
from
the
federal
government.
Minneapolis
has
received
12.8
million,
specifically
within
minneapolis,
so
we
are
working
collectively
across
the
state
with
the
state
of
minnesota,
as
well
as
the
other
jurisdictions
who
receive
funding
to
put
forward
a
coordinated
joint
application
process
to
address
some
of
the
concerns
from
last
year's
multiple
application
process,
confusion
and
dynamics
from
last
year,
so
we're
still
really
diligently
working
away
on
that.
H
So
there's
lots
of
great
information
on
that
website.
That
tells
you
how
you
can
get
ready
to
apply
has
all
the
documents
that
you
will
need
to
apply
so
that
when
the
application
period
is
open,
you
can
be
ready
to
do
that
right
away.
Some
of
the
basic
requirements-
I
think
we
mentioned
before,
but
I'll
just
sort
of
reiterate-
are
based
on
the
requirements
that
were
provided
by
the
federal
program,
which
is
that
households
would
be
80
percent
of
ami
or
below
and
have
a
either
a
direct
or
indirect
covid.
H
Either
income
loss
or
covet
additional
financial
impact
so,
like
things
like
increased
expenses
due
to
coven,
there's
an
additional
priority
for
folks
who
have
been
unemployed
for
more
than
90
days
and
four
households
that
are
at
50
of
ami
are
below.
So
it's
a
pretty
a
wider
net
than
some
of
the
previous
programs,
which
we're
really
excited
for
because
we
know
there
are
some
people
that
need
assistance,
but
that
weren't
able
to
be
helped
previously
brenda.
D
Questions
sure,
okay,
the
couple
questions
I
have
do
you
have
a
date
when
this
is
is
going
to
open
up,
because
I
know
I've
had
a
lot
of
people
reach
out
to
me
about
trying
to
apply
for
it,
but
it
just
keeps
saying
that
it's
going
to
come
soon
and
they've,
already
gotten
information
from
their
landlords,
giving
them
all
the
information
that
they
need
to
turn
in
to
apply
for
it.
So
do
you
got
a
date
or
an
approximate
date
for
it.
H
So
we
do
expect
it
to
still
be
sometime
this
month
and,
as
we
have
an
actual
hard
date
on
that,
we
will
make
sure
to
send
that
widely
through
a
lot
of
different
channels,
including
to
this
group,
to
make
sure
that
you
have
that
information
and
you
can
share
it.
What
I
will
add
is
that
website
I
mentioned
will
be
where
the
link
to
the
application
will
be
so
that
continues
to
be
the
best
place
to
go.
H
We've
also
included-
and
I
will
put
it
in
the
chat
and
then
also
for
those
who
can't
see
the
chat
I'll,
make
sure
that
it
goes
around
to
the
group.
The
website,
the
city
web
page.
That
hat
will
have
that
information
as
well.
That
will
link
to
the
rent,
help
mn,
but
we'll
continue
to
that's
been
updated
and
we'll
continue
to
have
that
updated
as
more
information,
especially
with
the
launch
date,
is
available.
D
Okay,
one
more
question:
okay,
there's
also
a
lot
of
the
documentation
that
is
going
to
be
needed
for
this.
Like
the
w-2s
and
stuff
like
that-
and
I
know
some
people
haven't-
filed
their
taxes
yet
so
they
only
have
their
w-2s.
Are
they
going
to
get
help
loading
these
documents,
because
some
people,
you
know
they're,
not
technology,
savvy
to
load
these
documents?
Are
they
gonna
get
help
from
the
county
with
this
process?
D
H
A
great
question
brenda
so
there
will
be
so
2-1-1
is
going
to
provide
some
like
a
local
tria,
a
triage
process
to
help
people
figure
out
what
part
of
the
process
do
they
need
help
with
and
connect
them
to
an
organization
that
can
assist
them
with
that.
So,
as
you
mentioned,
hennepin
county,
their
staff,
some
they
will
have
some
staff
dedicated
to
that
in
the
state
of
minnesota.
H
On
the
minneapolis
side,
our
local
processors
also
will
be
providing
that
service
as
well
so
and
those
organizations
are
clues.
North
point,
lutheran
social
service,
new
american
development
center
and
the
minneapolis
public
housing
authority.
So
if
someone
needs
to
apply
in
spanish,
they
would
go
that
we
would
direct
them
to
clues
if
they
need
to
apply
in
somali
or
other
east
african
languages.
H
We
would
direct
them
to
the
new
american
development
center
and
then
north
point
will
be
mostly
covering
north
minneapolis
and
lutheran
social
service
will
be
covering
others
who
aren't
covered
in
those
groups,
and
then
mpha
will
be
helping.
People
who
have
housing,
choice,
vouchers
or
other
kinds
of
mpha
initiated
rental
assistance,
they'll
be
helping
them
through
the
process
as
well.
H
We
are
not
just
going
to
ask
about
yeah
right,
so,
yes,
so
people
who
live
in
public
housing
and
people
who
have
live
in
section
8,
housing
and
people
who
have
housing,
choice,
vouchers
or
other
kinds
of
rental
assistance
are
eligible
for
the
program
they're
eligible
for
their
tenant
portion,
so
it
they
need
to
make
sure
that
their
rent
has
been
adjusted
accordingly.
If
they've
had
an
income
loss
but
their
tenant
portion
that
is
owed,
they
would
be
eligible
for
that
piece.
H
H
I
think
the
other
thing
I'll
mention
is
that,
for
this
first
initial
launch
is
that
the
people
will
be
eligible
if
they
have
back
rent
and
from
march
13th.
So
usually
that
means
march
1st
rent
would
not
be
eligible
unless
your
march
rent
is
on
due
on
march
15th,
but
so
be
in
most
cases,
rent
that
was
due
on
april
1st
of
last
year
so
of
2020
through
now.
You
can
also
get
three
months
perspective.
H
Rent
in
the
future,
if
there's
funds
available
people
who
only
need
rent
moving
forward
could
be
able
to
apply,
but
on
this
first
opening
we're
really
focused
on
making
sure
we're
getting
people
caught
up
who
have
back
rent.
In
light
of
knowing
that
at
some
point,
the
eviction
moratorium
is
there's
gonna
be
some
kind
of
off
ramp
and
we
wanna
make
sure
we
get
people
caught
up
as
much
as
we
can
before
that
happens.
H
A
I
So
I
believe
that
the
date
may
be
may
18th,
but
we
will
set
that
public
hearing
at
some
some
point
earlier
in
may,
so
folks
will
have
notice.
I
believe
that
date
is
may
4th
if
it
happens
on
that
date
and
to
move
forward
with
the
ordinance
that
is
inclusive
of
just
cause
protections
and
also
contains
the
pre-eviction
notification
requirements.
I
It
has
to
be
for
a
reason
that
reason
has
to
be
communicated
to
the
tenant,
who
is
is
being
displaced,
and
there
is
a
set
sort
of
list
of
reasons
so
like,
for
instance,
nonpayment
of
rent,
obviously,
is
one
of
the
reasons,
but
there
are.
There
are
several
others.
This
recently
passed
in
saint
paul
and
our
proposed
ordinance
is
very,
very
similar
to
the
one
that
just
passed
over
there.
I
C
J
F
J
J
J
H
H
We've
got
our
local
processors
ready
to
go
just
had
a
meeting
with
them
today
and
so
everybody's
poised
to
be
able
to
attendance
side
to
to
take
those
applications
as
soon
as
it's
ready.
So
I
think
your
feedback
is
well
taken
and
I
will
continue
to
carry
that
message
that
we
need
to
get
those
money
available
and
out
the
door.
I
don't
think
I
did
mention
previously
that
so
hennepin
county
back
in
march
did
do
an
initial
sprint
where
they
did
take
applications.
H
H
The
door
in
hennepin
county
and
in
minneapolis
ahead
of
the
statewide
process,
so
we're
glad
to
see
that
money
moving
and
helps
give
us
a
sense
of
you
know
what
the
averages
are
in
terms
of
people,
people's
backgrounds
and
such
so
that
is
some
useful
information
that
we'll
be
using
to
help
us
continue
to
tweak
things
moving
forward.
But
yes
you're.
I
I
hear
you
loud
and
clear
and
agree
that
we
need
to
keep
it.
Keep
it
moving
to
get
it
open
as
fast
as
we
can.
J
A
A
J
J
A
J
I
On
the
eviction
protection,
I
mean,
we've
had
conversations
with
different
sort
of
tables
of
stakeholders.
We
have
had
a
conversation
with
the
folks
at
the
make
homes
happen
table.
I
know
that
one
of
the
ideas
is
for
us
to
have
a
conversation
with
rental
property
owners,
and
actually
it
would
be
very
helpful
if
mha
would
help
us
set
that
up.
I
In
this
case,
we're
also
starting
a
little
bit
uniquely
the
the
conversation
before
we
have
the
actual
policy
drafted
and
ready
to
go
in
kind
of
a
more
general
sense
with
that
update
from
cped
staff
to
to
the
council
later
this
month,
and
that
won't
be
an
action
item
that
that
staff
are
bringing
forward.
That's
more
like
a
report
to
be
received
and
filed.
J
I
J
And
then
where's,
the
city
of
minneapolis,
been
on
the
eviction
moratorium,
off-ramp
conversations
at
the
state
capitol
because
that's
where
those
discussions
have
been
occurring
so
that
we
avoid
the
challenges
that
you're
suggesting
and
which
I
also
believe
would
be
unconscionable
for
there
not
to
be
a
planned
effort.
But
a
just
cause
policy
is
a
permanent
policy,
not
a
temporary
policy.
I
That's
my
personal
sense
of
it,
and
in
terms
of
I
mean,
I
know
that
rij
igr
folks
have
absolutely
been
engaged
in
conversations
at
the
capitol
and
with
the
administration,
and
I
mean
cam
signed
on
to
a
letter
authored
by
council
member
ellison
months
and
months
ago
on
the
eviction
policy
at
the
state.
So
so
yes,
we
are
definitely
tracking
that.
A
I
Have
we
tried
to
pass
it
in
the
past?
I
don't
think
that
we've
tried
to
pass
something
like
this
exactly
in
the
past.
I
think
that
both
just
cause
and
a
pre-eviction
notification
requirement
were
part
of
the
conversation
about
the
renter
protection
ordinance
that
we
all
talked
about.
I
think
it
was
in
2019,
but
they
didn't
make
it
into
the
sort
of
into
the
basket
of
things
that
that
council,
members,
bender
and
ellison
brought
forward
at
that
time.
A
I
I
think,
from
my
perspective,
it
does.
I
know,
charlotte's
connection
is
poor,
so
I'm
not
sure
if
she's
able
to
answer
yeah
I'll
try
it
thank.
Thank
you
robin
it
did
it
did.
I
appreciate
it
great
thanks,
okay,
so
next
I
I
will
move
to
angie
as
we
have
two
items.
Actually,
I
think
that's
right,
angie
you're
you're
doing
both
the
federal
recovery
money
and
then
housing
development
101.
A
F
Next
being
our
affordable
housing,
trust
fund
program
and
our
tax
credit
program,
and
I
was
asked
to
just
provide
a
little
context
and
a
little
bit
of
background
on
housing
development
and
how
these
programs
work.
So
I
do
have
a
presentation,
I'm
going
to
share
my
screen
and
we
had
some
mix-ups
with
the
online
posting
of
the
agenda
and
mine
got
submitted
late.
I
think-
and
so
I
don't
think
mine
is
on
the
website
right
now,
but
we'll
get
it
up
there
as
soon
as
we
can
can.
F
F
But
when
we
talk
about
affordable
housing,
we
mean
housing
in
a
way,
that's
broader
than
just
that,
and
we
mean
that
housing
that
is
also
decent
and
safe.
We
mean
housing
that
is
well
located
for
the
family,
in
relationship
to
their
community
connections
in
relationship
to
their
jobs
or
their
children's
schools
or
their
transit
needs.
F
We
mean
housing
that
is
a
proper
size
for
the
family.
And
lastly,
we
mean
housing.
That
is
a
community
asset,
and
by
that
we
mean
that
it
is
well
managed,
run
and
maintained
so
that
it
is
a
benefit
to
the
community
and
to
where
it
is
located,
and
so
that
is
what
we
are
striving
for
and
through
our
mini
minneapolis
2040
plan.
I
just
have
a
note
there
that
that
plan
very
explicitly
states
that
by
2040
all
minneapolis
residents
will
be
able
to
afford
and
access
quality
housing
throughout
the
city.
F
So
I
think
it's
important
to
start
with
the
broad
brush
definition,
and
what
do
we
mean
by
affordable
housing?
This
is
a
housing
development
101
and
I'm
going
to
get
to
talking
about
that
a
little
bit.
But
I'm
going
to
start
with
a
economics
101
here
when
which
I
think
a
lot
of
people
are
familiar
with
the
concepts
of
supply
and
demand.
F
Five
percent
is
about
a
vacancy
rate
that
we
try
to
tend
to
think
of
as
being
kind
of
healthy
for
the
market
in
terms
of
adequate
competition,
both
for
landlords
in
in
renting
their
units
and
for
tenants
and
seeking
units,
and
so
we've
been
well
under
that
rate
for
a
very
long
time
and
subsequently
have
seen
a
rapid
increase
in
rents.
So
this
just
kind
of
gives
you
a
little
bit
of
history
of
what's
been
happening
and
the
fact
that
rents
are
sticky.
F
So,
even
if
you
look
back
in
the
early
2000s,
when
vacancy
rates
were
much
higher
or
in
the
economic
crisis
of
the
mid
2000s
2007
and
eight,
even
when
the
rates
went
much
above
five
percent,
you
don't
see
rents
ever
coming
back
down,
they
do
flatten
out,
but
they
never
come
back
down.
So
this
is
part
of
the
overall
broad
market
failure
that
we
see
in
the
in
the
housing
market
broadly,
and
I
think
it's
important
to
set
that
context.
F
If
it's
okay,
brenda
I'm
thinking
about
just
kind
of
trying
to
get
through
the
presentation
and
then
coming
back
for
questions,
or
is
it
more
traditional
with
the
committee
to
to
stop
okay
I'll
keep
going?
So
this
is
a
slide
that
I'm
utilizing
with
thanks
to
the
family
housing
fund,
where
it
was
originally
development,
but
again
sets
a
little
context
for
people
in
terms
of
housing
and
housing
affordability.
F
So
let's
talk
about
that
30
percent
of
income
standard
that
we
talked
about
earlier
and
and
look
at
a
full-time
worker,
making
fifteen
dollars
an
hour
or
about
thirty
one
thousand
dollars
a
year
at
that
thirty
percent
of
income
standard
they
can
afford
to
pay
about
seven
hundred
and
eighty
dollars
a
month
for
their
rent.
But
what
we
know
is
that
in
minneapolis
the
average
south
minneapolis
two-bedroom
apartment,
rent
right
now
is
about
fourteen
hundred
dollars
and
we
know
it
can
go
up
from
there.
F
So
just
having
employment
is
not
sufficient
to
guarantee
you
to
find
an
affordable
place
to
live.
If
you
wanted
to
earn
enough
to
afford
that
rental
apartment
you'd
need
to
make
27
an
hour,
which
is
an
80
wage
increase
that
is
difficult
for
people
to
achieve.
Generally
speaking,
and
what
actually
happens
in
reality
is
that
they
pay
more.
They
pay
54
of
their
income
for
their
rent.
F
If
we
wanted
to
get
this
household
into
home
ownership
right
now,
the
median
sales
price
for
a
home
in
the
metro
areas
or
in
minneapolis
is
three
hundred
and
twenty
thousand
three
hundred
twenty
five
thousand
dollars.
That
would
require
a
much
higher
income
about
almost
eighty
two
thousand
dollars
a
year,
160
wage
increase
or
80
of
their
income
towards
their
housing.
Obviously,
this
family
cannot
attain
home
ownership
without
significant
subsidy
help,
and
so
again
I
I
share
this
information.
F
F
We
also
see
people
having
to
move
frequently,
which
makes
it
very
difficult
for
children
to
perform
well
in
school,
for
parents
and
adults
to
perform,
while
at
work
and
upsets
fragile
transportation
and
child
care
arrangements
that
they
may
have.
We
see
people
forced
to
live
in
substandard
housing,
which
doesn't
meet
that
definition
of
affordable
housing
that
we
talked
about
earlier.
F
So
I
just
think
it's
good
to
recognize
those
core
values
that
underpin
all
of
our
work
and
then
to
remind
the
committee
that
the
city
has
seven
broad
strategies
that
we're
pursuing
to
address
the
affordable
housing
crisis
writ
large
and
they
are
increasing
the
housing,
supply,
diversity
and
affordability
in
all
minneapolis.
Neighborhoods
second
strategy
is
to
produce
more
affordable
rental
and
preserve
subsidized,
affordable
rental
for
30
years
or
more,
and
that's
where
really
we're
focused
today,
also
preserving
our
unsubsidized,
affordable
housing.
F
So
those
are
our
strategies
writ
large
we're
going
to
be
focused
on
strategy
number
two
today,
and
this
graphic
is
probably
hard
to
read:
we'll
make
sure
we
distribute
it.
It
is
on
the
city's
website
as
well,
but
it
sets
up
this
notion
of
the
fact
that
if
you
look
across
the
top
of
the
screen
there
are,
there
are
different
levels
of
of
income
that
we
are
concerned
about
and
here's
our
seven
housing
strategies,
different
strategies,
address
different
parts
of
that
housing
continuum.
F
So
I
want
to
just
spend
a
couple
of
minutes
walking
you
through
how
these
programs
work
to
actually
produce
affordable
housing
in
our
community,
and
to
do
that,
I
want
to
use
a
rough
approximation
of
an
actual,
affordable
housing
project
that
was
built
in
minneapolis
and
completed
its
construction
about
a
year,
maybe
a
year
and
a
half
ago,
and
that
is
the
lewis
apartments.
This
is
a
70
unit.
Building
it
had
about
a
19
million
dollar
total
development
cost
meaning
about
270
000
a
unit.
F
F
You
through
how
how
subsidy
works
and
why
it's
needed,
and
I'm
going
to
stress
here
on
this
slide,
you
see
the
lewis
is
in
quotation
marks
with
an
asterisk.
These
are
not
the
exact
numbers
on
the
lewis.
This
is
an
approximation
of
how
this
deal
works
and
a
kind
of
a
dramatic
oversimplification,
but
I
really
want
to
be
able
to
people
to
get
a
get
a
basic
idea
of
how
this
works
at
a
very
base
level.
F
So
we've
got
our
pr
property
here,
and
we've
got
270
000
dollars
a
unit
in
development
costs,
19
million
dollars
of
total
total
development
cost.
If
you
are
going
to
go
to
a
bank
and
borrow
money
to
build
this
project,
much
like
you
go
to
a
bank
and
borrow
money
to
purchase
a
home
and
amortize
that
debt
and
pay
the
bank
back
on
a
monthly
basis.
F
F
F
So
this
reflects
the
reality
of
the
development
of
housing
and
probably
reflects
you
know:
market
rate
level,
rents
that
you
might
be
seeing
in
the
community
and
the
reason
for
that
is
because
it
costs
what
it
costs
to
build:
a
building,
the
concrete
in
a
luxury
market
or
a
building
or
a
affordable
building
costs
the
same
the
lumber
costs
the
same,
and
so,
if
you're
going
to
break
even
that's
kind
of
what
you're
looking
at
and
why
housing
is
so
expensive.
So
how
do
we
make
it
affordable?
F
Well,
here's
an
example
of
the
way
that
we
fund
a
project
like
this
to
ensure
affordability.
First
of
all,
instead
of
going
to
the
bank
and
borrowing
all
of
the
money
to
build
it.
Well
we're
going
to
get
us
first
mortgage
of
only
four
million
dollars,
which
is
the
amount
that
it
can
support
based
on
its
cash
flow.
F
Then
we're
going
to
utilize
federal
subsidy
in
the
form
of
housing,
tax
credits
which
you'll
be
hearing
more
about
shortly.
That
brings
about
10
and
a
half
million
dollars
to
our
project.
Then
the
city
is
going
to
come
in
and
provide
some
subsidy.
That
is
in
the
form
of
long-term
deferred
debt,
so
you
don't
have
to
pay
it
back
on
an
annual
basis
like
you
do
the
bank,
through
our
trust
fund,
which
you'll
also
be
hearing
more
about.
In
this
case,
we
put
a
little
over
a
million
dollars
in
the
project.
F
The
state
does
the
same
other
public
investors
do
the
same.
These
are
entities
like
hampton
county
or
the
metropolitan
council
and
then
there's
some
other
kind
of
what
I
termed
miscellaneous
contributions,
and
all
of
that
adds
up
to
our
19
million
dollars,
and
in
this
case
all
we're
having
to
really
worry
about
is
our
operating
costs
and
that
small
first
mortgage,
that's
amortizing.
K
F
Again,
this
is
kind
of
a
dramatic
oversimplification
of
how
it
works
in
real
life.
If
you
think
it's
complicated
to
see
six
different
funding
sources
on
this
chart,
there's
actually
more
like
12
or
13
generally
speaking,
but
but
that's
how
we
do
it.
That's
how
we
bring
in
affordability,
and
the
other
thing
that
people
often
wonder
about
is,
is
those
rents
and
those
rent
levels,
and
why
do
we
set
them
where
we
set
them,
and
why
is
it
so
difficult
to
achieve
deep
affordability?
F
F
F
If
you
want
your
project
to
be
more
affordable
and
you
want
to
lower
your
rents
down
to
the
50
level
now
you
can
only
afford
about
an
8.3
million
dollar
project
on
your
on
your
mortgage.
So
it's
got
your
same
amount
of
credits
there,
five
million
dollars.
Now
your
gap
is
about
five
million
dollars
or
seventy
four
thousand
a
unit
about
thirty
percent
of
your
project.
F
What
if
you
wanna,
get
even
deeper
affordability?
What
if
you
want
half
the
units
at
30,
rents
and
half
at
50
rents?
Well,
now
you've
got
less
cash
flow
because
you've
got
less
rental
income
coming
in
now
you
can
only
afford
about
a
six
and
a
half
million
dollar
mortgage.
You
got
your
5
million
in
credits
and
your
gap
is
up
to
almost
7
million
dollars
now
to
get
your
deal
done.
F
So
that's,
I
think,
hopefully
helpful
in
kind
of
explaining
the
challenges
on
that
on
the
development
side
of
these
deals
and
why
we
layer
these
subsidy
resources
in
the
way
that
we
do
over
time.
And
I'm
going
to
conclude
by
just
saying
that,
despite
the
challenges
in
in
getting
these
projects
financed
and
developed
this,
this
recent
mayor
and
city
council
have
supported
unprecedented
investment
in
affordable
housing
and
we've
really
been
able
to
translate
that
to
really
improved
outcomes
in
terms
of
housing
as
well.
F
Metropolitan
council
goals
and
importantly
in
2020,
have
almost
six
times
the
normal
average
amount
of
units
at
30
percent
of
ami
those
deeply
affordable
units
that
we've
seen
historically.
So
we've
really
been
trying
to
live
by
those
values
that
we
talked
about
earlier
in
terms
of
prioritizing
resources
and
I'm
going
to
stop
there
and
take
a
question
starting
with
brenda.
Thank
you
for
your
patience.
D
Thank
you
because
I
was
really
happy.
I'm
keeping
my
mouth
right:
okay,
no,
okay,
okay,
so,
first
off,
I
want
to
thank
the
committee
members
and
katie
and
kelly
and
robin
for
listening
to
what
I
have
been
saying,
all
alone
about
the
30
of
the
income,
and
I
understand
where
it
costs
money
to
build
the
housing.
D
But
that's
still
when
you
go
by
the
ami,
I
still
have
a
hard
time
with
affordable
housing
about
going
by
the
ami,
because
you
know
it's
it's
hard
for
somebody,
they're
making
15
an
hour
to
be
able
to
reach
that
ami
goal
for
30
of
their
of
the
ami,
but
the
30
of
their
income.
But
then
I
also
understand
that
it's
hard
to
come
up
with
departments
like
that
without
subs
subsidy.
D
F
Well,
I
really
really
appreciate
that
feedback
and
I'm
delighted
to
hear
that
it
reflects
you
know
your
thinking
and-
and
your
lived
experience
with
this
as
well.
It
is.
It
is
an
incredibly
challenging
situation
as
I
laid
out
here,
but
it's
also
an
incredibly
important
situation
and
you
know
we
are
committed
to
it
and
you
know
the
the
slide
on
the
screen
right
now.
I
think
demonstrates
that
commitment
and
is
showing
progress.
We've
got
a
long
way
to
go,
but
we
intend
to
keep
working
on
it.
So
thank
you.
A
E
Another
question
I
have
is
the
screen's
gone,
but
it
showed
that
approximately
330
units
of
affordable
housing
have
been
produced
each
year
over
the
past
eight
or
ten
years.
Do
you
know
what
percent
of
the
total
units
that
have
been
produced?
Affordable
units
represent
because
I've
seen
the
statistics
of
how
many
have
been
produced?
I
just
don't
have
them
at
my
fingertips.
Are
you
know.
E
F
F
I'm
just
not
totally
sure
I'm
so
in
my
lane
of
the
of
the
subsidized
world
that
I
do
know
that
you
know
statewide
on
average,
we
you
know,
produce
and
fund.
You
know
somewhere
in
the
13
to
1500
units
a
year
category,
so
minneapolis
does
represent
a
significant
amount
of
of
production,
relatively
speaking.
E
F
That's
really
been
the
slow
burn
to
the
crisis
that
that
we're
in
today,
but
it's
going
to
take
significant
and
continued
investment
at
all
levels,
going
forward
to
get
our
arms
around
this
and
luckily
we're
starting
to
see
that
happen
right
now.
So
hopefully,
we
can
really
take
advantage
of
of
the
point
in
time
opportunity
that
we're
in
to
continue
to
do
that.
E
And
my
last
question
is
since
you're
in
charge
of
all
housing
finances
put
in
putting
the
programs
together
that
that
encourage
using
some
of
these
things
right.
Do
you
beta
test
with
developers
or
builders
when
you
put
these
programs
together
to
see
if
they
actually
make
sense
for
people
to
utilize,
the
programs.
F
Well,
that
is
an
excellent
segue
to
the
next
to
the
next
part
of
our
agenda,
where
we're
gonna
talk
about
our
kind
of
our
most
prominent
program,
which
is
the
affordable,
housing
trust
fund,
and
I
would
just
quickly
say
two
things
in
response
to
that
one.
Yes,
we
do
an
incredible
amount
of
sensitivity,
analysis
around
how
these
programs
work
and
two
as
we
tweak
them.
F
We
open
them
up
for
public
comments,
including
from
the
community
and
our
development
partners,
on
an
annual
basis,
and
we
can
and
do
hear
from
them
about
things,
and
so
we
try
to
really
do
this
all
in
partnership,
because
not
only
do
we
have
a
lot
of
partners
in
the
funding
side
of
this,
but
the
city
does
not
own
and
operate
any
of
these
units
over
time.
It's.
F
A
D
L
L
L
L
The
trust
fund
implements
a
number
of
city
housing
policies
by
incorporating
them
into
the
actual
program
itself,
as
requirements
that
have
to
be
met,
or
we
also
incent
this
city's
policies
and
program
requirements
in
the
scoring
component
of
our
notice
of
funding
availability,
which
is
also
known
as
our
nofa.
It's
essentially
our
rfp.
L
The
maximum
award
amount
that
the
project
project
can
receive
is
30
000
per
unit
at
or
below,
50
percent
ami,
but
to
incent
larger
units
at
deeper
affordability.
A
project
can
qualify
for
40
000
a
unit.
If
you
have
two
bedroom
or
more
at
or
below,
30
percent
ami,
in
no
case
can
a
project
exceed
an
overall
award
of
15
of
the
total
development
cost.
L
It's,
whichever
is
lower
a
few
of
the
special
initiatives
that
we
call
out
in
the
trust
fund,
are
highlighted
on
this
next
slide
and
I'm
just
going
to
briefly
describe
those
for
you.
First
is
the
large
family
housing
initiative
which
incense
projects
to
incorporate
three
bedroom
units
or
larger
to
accommodate
families
experiencing
homelessness.
L
The
next
we
have
is
have
incorporated
is
our
single
room,
occupancy
initiative,
and
this
allows
for
awards
to
be
issued
per
sleeping
room
that
have
a
shared
bathroom
and
shared
kitchen
facility
and
are
intended
for
longer
term
rental,
use
versus,
say,
a
shelter
use.
These
projects
qualify
for
15
000
per
sleeping
room,
and
they
also
must
be
designated
for
homelessness,
and
then,
lastly,
is
our
senior
housing
initiative,
and
this
is
a
goal.
The
city
council
adopted
to
achieve
a
minimum
of
35
senior
housing
units
in
each
ward
by
2025.
L
The
city's
trust
fund
budget
is
comprised
of
three
sources:
community
development
block
grant
funds,
also
known
as
cdbg
hud,
home
funds
and
then
local
funds.
The
amount
and
allocation
of
the
budget
is
determined
during
the
city's
annual
budget
review
process.
In
the
past,
the
program
strived
to
have
an
annual
budget
of
about
10
million
dollars,
but
in
the
last
several
years
the
city
council
has
increased
that
budget
due
to
the
demands
on
affordable
housing
and
the
budget
has
been
about
15
million
these
last
two
years.
L
L
L
A
project
can
close,
the
city
works,
really
hard
to
award
projects
that
can
achieve
a
closing
and
begin
construction
in
a
timely
manner,
and
when
I
say
timely,
I
say
I
mean
around
one
to
three
years,
while
closing
a
project
the
year
following
its
award
is
ideal,
it
is
not
always
possible
and
it
can
take
several
competitive
cycles
for
a
project
to
secure
all
of
its
funding
depending
on
what
sources
are
involved
and
as
angie
mentioned.
Sometimes
that
can
be.
L
The
study
found
that
there
would
not
be
an
adverse
impact,
and
so
thus
the
city
adopted
a
community
preference
policy
that
applies
to
housing
units
resulting
from
the
sale
of
city-owned
property
or
financed
through
city
funding.
Programs
such
as
the
affordable
housing
trust
fund,
a
community
preference
policy
gives
residents
residing
or
formally
residing
within
certain
geographic
areas,
preference
for
specific
housing
programs
or
housing
projects.
L
The
nsp
target
areas
were
selected
for
use
in
the
policy,
because
detailed
data
analysis
was
conducted
during
the
foreclosure
crisis
to
identify
these
areas
with
the
highest
foreclosure
rates,
where
the
city
should
target
invent
in
interventions
to
prevent
and
mitigate
the
impacts
of
foreclosure.
The
nsp
target
area
is
also
aligned
with
kira's
gentrification
study
findings.
L
Next,
the
next
change
I'll
highlight
for
2021
is
the
addition
of
an
equitable
development
scoring
criterion.
This
category
is
proposed
for
projects
that
are
willing
to
demonstrate
a
commitment
to
equity
and
inclusion
through
meaningfully
involving
community
members
most
affected
by
housing,
instability
and
housing
disparities
to
inform
their
project
proposal.
L
The
first
is
green
communities,
which
is
a
policy
that
has
existed
in
the
trust
fund
and
it
requires
projects
to
include
green
and
sustainable
elements
to
maximize
energy
efficiencies
and
healthy
living
environments,
and
this
year
there
was
a
thorough
update
to
these
criteria
and
what
we've
done
is
elevate.
The
scoring
points
to
increase
the
incentive
for
projects
to
incorporate
these
principles
cost
containment
remains
a
guiding
principle,
given
the
great
need
for
affordable
rental
housing
and
constrained
resources.
L
Those
were
updated
last
year
and
they're
just
a
few
tweaks
being
proposed
this
year.
In
order
to
maximize
the
use
of
those
points,
as
angie
mentioned,
we
are
continuing.
We
continually
strive
to
update
our
programs
each
year,
so
for
2020.
I
thought
it
would
be
good
to
note
some
of
the
deliverables
that
we
got
from
the
last
round
for
you
to
have
a
sense
of
how
the
program
delivers.
L
The
projects
awarded
in
2020
will
create
or
preserve
952
units.
There
will
be
175
project-based
section,
8,
assisted
units
created
and
preserved,
and
then
471
of
the
total
units
being
developed
in
these
projects
will
be
affordable
to
residents
with
incomes
at
or
below.
50
percent
ami
with
170
units
at
or
below
30
ami
and
100
of
the
100
of
the
projects
awarded
this
year
had
30
percent
units
included
in
the
projects.
L
L
This
last
slide
shows
the
process
and
timing
for
this
program.
I
won't
go
over
it
in
great
detail,
but
you
can
see
that
this
program
runs
on
an
annual
cycle
and,
as
I
mentioned,
program
is
highly
competitive
and
over
subscribed
each
year
and
as
on
the
bottom
of
that
slide,
you
can
see
a
few
of
the
partners
that
even
angie
mentioned.
These
are
partners.
K
Great,
thank
you
carrie.
Can
everyone
see
my
presentation?
Is
it
up
on
the
screen?
Yes,
great!
Thank
you
for
that.
So
hello,
everybody,
I'm
amy
geisler
and
I
work
in
the
residential
finance
team
with
angie
and
kerry,
and
I
manage
the
low
income,
housing
tax
credit
and
the
housing
revenue
bonds
for
programs
for
the
city,
and
so
I'm
going
to
take
a
few
minutes
to
talk
to
you
about
the
housing
tax
credit
program.
K
So
the
tax
credits
are
a
little
bit
different
than
the
trust
fund.
In
that
the
tax
credit
program
is
a
federal
program
administered
by
the
irs
and
through
the
tax
credit
program.
The
city
does
not
directly
award
funds
to
projects
like
the
trust
fund
and
instead
we
award
tax
credits
to
projects
which
developers
can
use
to
seek
investors
for
their
projects.
K
K
So
some
of
the
considerations
on
the
tax
credit
program,
as
I
mentioned,
it
is
a
federal
program
they
have.
The
irs
has
fairly
strict
requirements
for
the
city
to
follow
in
terms
of
how
we
administer
the
program
and
operate
it.
We
really
have
the
most
influence
through
our
scoring,
which
I'll
walk
through
here
in
a
form.
In
a
few
minutes
I
mentioned,
we
have
nine
percent
and
four
percent
tax
credits.
The
nine
percent
projects
are
scored
against
each
other.
K
We
do
an
annual
request
for
proposals
on
those
and
review
them
all
together
and
they
compete
against
each
other
in
order
to
be
awarded
tax
credits
for
the
four
percent
projects.
Those
are
scored
a
little
bit
differently,
they
have
to
meet
a
minimum
threshold,
and
so
they
don't
kind
of
directly
compete
against
each
other,
like
the
nine
percents
do
and
then.
K
K
K
K
K
We
have
scoring
that
looks
at
the
depth
of
affordability.
We
incentivize
projects
that
include
larger
numbers
of
30
and
50
units,
and
then
we
also
incentivize
projects
that
are
proposing
longer
term
affordability,
and
we
currently
in
our
nine
percent
program,
we
incentivize
affordability,
affordability,
terms
up
to
55
years,
you'll
notice.
K
As
I
mentioned.
So
this
is
not
a
competitive
scoring
process,
but
we
do
have
a
minimum
scoring
threshold
that
people
need
to
meet
to
be
able
to
receive
four
percent
tax
credits
and
so-
and
we
have
a
slightly
different
scoring
scheme
you
can
see
laid
out
here
on
the
screen
and
so
projects
that
we
fund
with
the
four
percent
program
they're.
K
It's
still
competitive
because
they're
allocated
along
with
their
housing
revenue
bonds,
but
it's
not
quite
as
competitive
as
a
nine
percent
program
and
the
projects
that
we
fund
are
often
a
little
bit
higher
on
the
affordability
range.
If
you
think
back
to
that
affordability
continuum
that
angie
shared
earlier,
these
are
a
little
bit
higher,
but
many
still
include
units
that
are
restricted
with
section
8
project-based
vouchers.
K
We
give
points
for
projects
that
are
proposing
units
for
large
families,
because
that's
a
need
that
we
hear
often
and
then
also
projects
that
have
other
city
funding
awards
like
from
the
affordable
housing
trust
fund.
Again,
we
have
a
couple
changes
in
red
that
we're
proposing
for
this
year
in
the
long-term
affordability
category.
K
Previously,
projects
on
the
4
side
had
a
minimum
affordability
term
of
20
years
and
we're
proposing
to
raise
that
minimum
affordability
term
to
30
years
this
year,
so
extend
that
affordability
and
so
we're
making
some
adjustments
to
that
scoring
category
to
incentivize
projects
to
go
even
longer.
You
know
to
meet
that
minimum
scoring
threshold
proposing
a
similar
adjustment
to
cost
containment
and
then
we're
also
proposing
to
add
a
new
category
on
the
four
percent
side
to
further
incentivize
projects
to
include
more
units
affordable
at
30.
Ami
and
below
in
their
projects.
K
So
I
just
wanted
to
show
you
just
a
couple
examples
of
projects
that
we
fund
with
housing
tax
credit
program,
one
of
them
that
we
selected
in
2020.
One
of
them
is
the
3301
nikola
project
and
this
is
being
developed
by
alliance
housing,
one
of
our
housing
developers
that
develops
a
large
number
of
deeply
affordable,
low
barrier
projects
in
minneapolis.
K
So
this
is
a
64-unit
project
and,
as
you
can
see,
it
will
have
deep
affordability
and
it
has
quite
a
few
units
that
have
project-based
vouchers
and
other
types
of
rental
support
and
then
we'll
also
have
units
that
are
set
aside
for
people
experiencing
homelessness
and
then
on
the
four
percent
side.
An
example
project
is
the
greenway
apartments
project
and
you
can
see
while
it
still
has
a
range
of
affordability.
K
K
K
They
provide
a
relocation
plan
to
us,
so
they
kind
of
describe
how
they're
going
to
be
going
about
their
project.
Will
there
be
any
relocation,
whether
it's
temporary
or
permanent,
but
tenants
who
are
living
in
the
building?
You
know
we
have
a
lot
of
our
programs,
really
discourage
displacement
of
existing
tenants.
K
So
one
of
our
projects
that
we're
working
on
right
now
is
just
the
kind
of
project
you're
describing
where
a
developer
bought
a
building
and
they
had
a
number
of
existing
tenants,
and
so
they
went
through
worked
with
the
tenants
to
see
how
those
existing
tenants
met
the
income
requirements
of
the
tax
credit
program
and
many
of
them
did
and
they
were
able
to
stay
in
the
building.
You
know
continue
their
tenancy.
K
Some
of
the
tenants
that
were
living
in
the
building
were
kind
of
over
those
income
limits,
and
so,
with
those
tenants,
they
made
a
decision
that
some
of
those
units
wouldn't
participate
in
the
tax
credit
program.
They
would
kind
of
stay
a
market
rate
unrestricted
unit
and
then
some
of
those
tenants
who
had
you
know
some
of
them
had
fairly
significant
incomes
and
they
worked
with
those
tenants
to
relocate
to
different
buildings
on
a
purely
voluntary
basis.
So
there's
kind
of
a
variety
of
ways
that
developers
can
deal
with
that
situation.
M
Okay,
so
when
they
do
all
of
this,
you
know
financing
which
it
goes
to
conventional
mortgage
deferred
loans,
and
now
this
new
life
tech
program,
which
is
run
through
the
irs
program,
it
seems
like
from
what
I'm
seeing
and
it's
not
facts,
but
it's
just
the
calls
that
I
be
on
it's
turning
into
displacement.
Somehow,
because,
if
a
rent
a
tenant
is
paying,
you
know
make
too
much
money,
the
owner
or
the
management
company
will
let
the
resident
know
that
they
no
longer
qualify
to
now
live
in
this
latex
property.
M
So
they
are
asked
to
move
by
this
new
thing
called
cash
for
keys
and
they
are
giving
tenants
money
to
relocate.
So
it's
kind
of
still
like
tenants
are
being
displaced
and
to
me
it
can
almost
look
like
a
legal
eviction.
It's
not
nothing
on
paper,
but
it
just
seems
like
the
program
has
some
good
things,
but
it's
definitely
benefit
the
owner,
not
the
tenants.
So
I
I
don't
know
if
we
still
are
somehow
fixing
housing.
You
know
what
I'm
saying.
I
don't
think
it's
still
fixing
housing.
M
M
K
K
No,
I
I
think
I
understand
you
so
so-
for
projects
like
existing
tax
credit
projects.
Let's
say
they
have
problems
with
property
conditions
that
aren't
being
remedied.
I
think
that
might
have
been
part
of
your
question
and
we
we
monitor
all
of
our
tax
credit
units
on
a
regular
basis
and
if
there
are
condition
issues
our
monitoring
agents
identify
those
and
work
with
property
owners
to
develop
to
to
resolve
them.
Because
there
are,
you
know,
part
of
the
irs
program
requirements
is
that
owners
have
to
operate.
M
M
N
Hey
queen,
yes,
this
is
queen.
I
have
a
question.
Hey
I
had
a
I
apologize.
I
had
a
kid
that
I
had
to
tend
to
as
well,
but
I
my
thing
is:
I
looked
over
the
powerpoint
that
was
sent
through
our
email
and
one
of
the
things
that
I
find
that
that
I
don't
know
if
it
was
mentioned
or
not
mentioned,
but
some
of
the
time
like
I'll
give
you
a
few
developers.
N
N
F
I'll
I'll
jump
in
and
try
to
address
that-
and
I
invite
my
colleagues
to
tag
on
if,
if
I
miss
anything
important,
but
we
did,
we
did
spend
some
time
trying
to
frame
up
how
both
of
these
programs
do
have
published,
scoring
criteria
for
any
projects
that
we
get,
and
so
that
is
in
some
cases
in
the
tax
credit
program.
More
like
the
exclusive
consideration
in
funding
awards
and
in
the
trust
fund
program.
As
kerry
mentioned,
it's
part
of
the
consideration
in
the
funding
awards.
F
M
M
As
far
as
financing
goes,
do
the
residents
have
to
re-qualify
if
they
re
say
they
already
had
a
re-certification,
but
they
turn
around
and
have
to
re-qualify
now
for
the
tax
credit
program,
is
it
necessary
or
do
the
property
manager
put
what
was
previously
into
the
system
back
into
the
system,
because
I
know
that
a
tax
credit
program
within
the
building?
You
would
think
that
it's
all
of
this
fancy
paperwork
that's
produced
by
the
irs,
but
it's
only
one
piece
of
paper
that
says:
tax
credit
on
there.
K
That
is
a
good
question
and
I
have
to
confess
that
you
might
be
a
little
more
familiar
with
the
tax
credit
like
certification
process
than
I
am
honestly,
but
I
would
be
happy
to
get
more
information
from
our
tax
credit
monitoring
partners.
To
answer
your
specific
question
and
and
if
there's
a
specific
building
that
you
have
questions
about,
I'm
happy
to
talk
to
you
about
that
and
kind
of
dig
into
the
specific
details.
You
know
if
you
have
concerns
so
so.
M
I'm
hoping
you're
concerned,
but
I
I
just
not
to
cut
you
off
it's
just
I'm
hearing
like
people.
Buildings
are
turning
into
tax
credit
and
to
repeat
what
queen
kind
of
said.
These
buildings
are
kind
of
happening
and,
to
you
know,
neighborhoods
that
are
you
know,
struggling
and
things
like,
and
these
projects
are
going
into.
You
know
these
neighborhoods
is
also
being
gentrified,
so
we
just
want
to
make
sure
that
residents
are
aware.
M
So
we're
just
saying
you
know
this
housing
education
needs
to
be
first
to
where
residents
are
aware
of
these
new
changes
so
that
they
don't
have
to
like
you
know
one
day
get
a
letter
now
saying:
hey.
Well,
you
know
you
make
too
much
money.
Now
you
have
to
move
it's
in
their
kids,
school
district,
it's
in
their
work
area,
it's
convenient
to
them
and
now
they
have
to
find
somewhere
else
to
live,
because
now
they
don't
qualify
to
stay
there
because
of
their
income,
and
so
they
don't
want
to.
M
K
D
C
A
Sure,
well,
it
sounds
like
scott
just
gave
us
about
five
or
six
minutes
back
in
our
in
our
days
the
evenings.
So
I
think
that
let
me
just
double
check,
but
I'm
pretty
sure
that
is
the
end
of
our
agenda.
Yes,
it
is
so
thanks,
everyone
for
all
your
time
today
and
thanks
especially
to
city
staff
and
presenters
for
all
the
information,
and
I
will
call
this
meeting
officially
adjourned.