►
Description
To view the agenda for this meeting go to https://slc.primegov.com/public/portal
A
A
A
A
I
know
you
all
were
expecting
someone
way
more
handsome
than
me,
but
Alejandro
is
in
San
Francisco.
So
as
his
vice
chair
I
will
be
chairing
today's
RDA
meeting
yay.
So
welcome,
first
and
foremost
to
this
month's
RDA
meeting
our
Redevelopment
agency
board
meeting,
you
can
always
I
welcome
everybody
from
the
public
that
is
here
in
person.
A
We
are
on
agenda
item
a
which
is
our
comments.
We
Begin,
our
meeting
with
comments
to
the
board.
A
A
So
again,
I
would
like
to
thank
everyone
for
joining
us
before
I
start.
I
would
like
to
remind
everyone
about
the
decorum
that
we
hope
to
have
here
in
our
RDA
meeting.
We
appreciate
everybody's
comments.
We
appreciate
diverse
comments.
We
appreciate
everything
that
people
have
to
say,
so
we
ask
that
you
respect
and
appreciate
other
people's
comments
and
give
your
comments
with
that
same
full
respect
that
we
have
for
yours,
Taylor
Hill
and
our
staff
will
be
calling
the
names
of
those
who
wish
to
comment.
A
We
will
call
names
of
people
joining
on
WebEx
and
in
person
based
on
the
order
of
the
registration
or
received
comment
cards
when
it
is
your
turn
to
speak,
Taylor
will
announce
your
name
or
for
people
in
WebEx.
She
will
unmute
your
line
and
you
may
begin
for
those
in
person
please
step
up
to
the
podium
once
you
begin.
Please
state
your
name
in
the
two
minute.
Timer
will
start
with
that
Taylor.
We
will
turn
the
time
over
to
you
to
introduce
our
first
commenter.
B
A
Wheat,
then
we'll
be
moving
on
to
General
cut,
oh
wait.
That
is
why
do
we
have
both
of
these?
Oh,
we
have
B1
the
public
hearing.
That
was
General
comments.
Now
we're
moving
on
to
comments
to
regarding
the
public
hearings.
So
our
first
public
hearing
is
B1
the
State
Street
Community
reinvestment
area
budget
amendment.
At
this
time.
Please
tell
me
that
my
script
is
right
at
this
time,
I'm
going
to
turn
it
over
to
Ben
ludke.
To
give
us
a
brief
introduction,
thanks
Ben.
C
Amending
the
20-year
Consolidated
budget
is
the
final
step
to
create
the
State
Street
project
area.
The
Consolidated
budget
needs
to
be
updated
to
reflect
several
changes.
These
include
the
number
of
taxing
entities
participating
the
20-year
collection
period
instead
of
25.,
updated
property,
tax,
increment
projections
and
interlocal
agreement
terms
that
are
different
than
originally
requested.
Among
other
changes,
note
the
next
item
on
the
agenda
is
the
briefing
as
well
as
the
option
for
the
council
or
for
the
board
to
vote.
Thank
you,
madam
chair.
B
Thank
you,
Alan
Kearsley
business
administrator,
Salt,
Lake,
City,
School,
District,
Salt,
Lake,
City,
School
District
appreciates
the
good
working
relationship
we
share
with
the
Salt
Lake
Redevelopment
Redevelopment
office
and
appreciate
the
work
that
they
do.
While
we
oppose
the
budget
adjustments
on
the
grounds
that
it
diverts
additional
resources
away
from
our
students
and
disproportionately
affects
tax
receipts
of
the
Salt
Lake
City
School
District,
we
understand
that
the
requested
budget
adjustments
fall
within
the
parameters
set
forth
in
our
interlocal
agreement.
A
Thank
you
with
that
that
we
need
to
change
this
I
need
a
motion.
Madam.
A
Have
a
motion
by
board
member
mono
as
second
by
board
member
Dugan?
Is
there
any
discussion
on
this
all
those
in
favor.
E
A
Any
opposed
that
passes
6-0
with
chairperson,
who
we
being
absent.
A
C
A
F
We
do
have
a
brief
presentation
if
it's
helpful
for
you
all
it,
it
was
summarized
by
Ben,
but
we
can
just
go
over
it
for
the
benefit
of
you
and
the
public.
If
that
sounds
good.
A
F
G
That
sounds
good,
okay,
okay,
we
can
go
ahead
and
start
on
the
next
slide,
but
I'll
just
say
that
notices
were
mailed
to
all
Property
Owners
within
the
area
on
February
6th.
Regarding
the
budget
amendment
and
public
hearing
and
I
did
speak
to
a
few
people
over
the
phone.
G
Just
answering
questions
about
the
RDA
and
the
project
areas
and
one
public
comment
was
mailed
emailed
in
with
the
main
concerns
regarding
her
tax
dollars
going
to
the
right
places
and
wanting
assurance
that
safety
was
a
priority
and
I
I
was
able
to
apply
and
but
kind
of,
just
thinking
that
that
is
one
of
the
main
priorities
of
this
project
area
as
well,
so
I
hope
it.
It
attempts
to
do
justice
to
address
her
issues
on
the
next
slide.
G
This
was
brief
before
last
month,
but
just
for
the
benefit
of
the
general
public,
the
interlogal
agreements
have
been
finalized
with
each
participating
entity,
including
the
city
in
the
county,
and
the
school
district
state
code
does
require
that
we
amend
the
budget
that
was
originally
included
as
part
of
the
CRA
plan
adopted
in
2018
to
reflect
the
final
terms
of
each
interlocal
agreement.
G
So
at
a
high
level,
the
major
changes
are
the
reduced
collection
period,
fewer
tax
identity
participation,
updated
tax,
increment
projections
to
reflect
denser
Transit,
oriented
development
that
we
anticipate
in
the
area
on
the
next
slide.
It's
just
giving
a
brief
overview
of
the
current
budget
compared
to
the
budget
as
amended,
and
the
total
tax
increment
that
we
would
anticipate
that
these
three
taxing
entities
will
generate
in
the
State
Street
CRA,
which
is
projected
around
approximately
140
million
on
the
next
slide.
G
That
shows
that,
of
that
total,
the
RDA
is
authorized
to
receive
up
to
approximately
95
million
if
it's
generated
that
way.
So
then,
on
the
final
slide,
I
was
just
going
to
remind,
but
you
already
know
that
we
that
the
state
code
requires
that
the
board
holds
a
public
hearing
regarding
the
proposed
amendments
before
considering
their
adoption.
Thank
you.
H
Have
a
question
board:
member
of
the
Morris
I
know
part
part
of
the
state
is
treated.
We
have
a
big
block
out
there
on
eight
South
and
State
Street.
That
might
you
know
I
think
the
current
property
owner
is
a
non-profit
organization.
How
would
can
you
sorry
on
the
State
Street
project
on
8th
South
and
State
Street?
There's
a
big
chunk
of
land
that
it's
actually
owned
by
a
the
current
owner
is
a
non-profit
organization
and
I
was
wondering
how
that
affects.
F
Projection
doesn't
contemplate
that
specific
development,
because
I'm
not
I'm,
not
aware
what
will
be
developed
there,
but
so
yeah.
So
our
projection
doesn't
contemplate
that
because
it's
kind
of
the
best
on
based
on
highest
and
best
use
of
each
parcel
and
not
actual
development,
because
we
didn't
have
that
at
the
time.
The
analysis
was
done.
Okay,
is
that
helpful.
F
D
To
expound
on
board
member
valdemaros's
question,
it
was
my
understanding
that,
like
State
entities
and
public
like
school
districts
and
things
do
not
pay
property
taxes,
but
I
thought
nonprofits
still
did.
Is
that
true
or
am
I
incorrect
on
that
nonprofits?.
I
D
D
I
Right
there
there
are
some
agreements
where,
depending
on
the
makeup
of
their
corporation,
they
may
pay
a
portion
of
property
taxes.
So
there
is
a
spectrum
between
zero
and
100
tax
exempt,
and
so
in
some
cases
properties
are
you
know,
25
taxable
or
that
kind
of
thing,
so
yeah
the.
A
Other
discussion
by
board
members,
I'm
gonna,
say
something
really
quickly:
that
I
truly
appreciate
the
the
school
district
being
here
and
I.
Note
that
this
project
area
and
sort
of
the
way
that
we've
looked
at
RDA
project
areas
have
kind
of
evolved
in
a
lot
of
different
senses,
but
I
truly
believe
that
the
way
that
our
RDA
runs
and
the
things
that
we
do
with
our
project
areas
really
focuses
on
trying
to
benefit
everyone
as
a
whole.
And
it's
we.
A
We
have
to
play
with
all
the
players
and
kind
of
have
to
play
by
different
rules,
sometimes,
but
at
the
end
of
the
day,
I
truly
believe
in
the
mission
and
values
that
we
as
a
Salt,
Lake,
City
RDA,
have
put
forth
in
what
we
want
to
do
not
just
for
project
areas
but
for
the
city
as
a
whole,
and
it
is
truly
about
benefiting
each
and
every
member
of
our
community.
I.
A
Don't
take
it
lightly
when
I
say
a
goal
of
ours
is
to
live
work
and
play
in
Salt,
Lake,
City
and
I
want
to
thank
RDA
staff
and
Jen
Bruno
I've
done
this.
Like
eight
times
now
and
I'm
going
to
keep
doing
it,
but
it
is
working
on
this
project
has
been
a
labor
of
love.
A
love
of
Labor
hate
love,
all
of
the
things
that
combine
the
things,
but
truly
want
to
thank
the
RDA
staff
for
their
work,
their
dedication,
their
perseverance
and
and
again
Jen
Bruno.
A
For
educating
me
for
helping
to
sit
in
meetings
where
I
was
going
to
lose
my
mind
and
talking
all
of
us
off
the
ledge
and
really
trying
to
be
Partnerships
and
I
want
to
continue
that
partnership
with
the
district
with
the
county
and
work
forward
truly
to
create
project
areas
that
make
sense
and
that
do
what
every
single
person
in
this
room
have
the
passion
and
dedication
to
do.
So.
Thank
you
to
all
of
you
for
being
here.
Thank
you
to
the
RDA
staff.
A
Thank
you
to
council,
Jen
and
Council
Ben,
and
with
that,
I
will
look
for
a
motion.
A
E
A
With
that,
we
will
move
on
to
C2,
which
is
information,
informational
briefing,
which
is
the
proposed
Housing
Development
funding
priorities
for
fiscal
year,
2023
And
2024.,
We,
Have,
Allison,
Roland,
Danny,
Waltz,
Tracy,
Tran,
Lauren,
Parisi
and
I
turn
the
time
over
to
all
of
you.
J
Thank
you,
madam
chair
I
was
just
accusing
the
director
of
trying
to
get
the
first
crack
at
this
by
sitting
to
my
left,
so
I
appreciate
you
calling.
K
On
me,
I
concede
my
time
so.
J
This
discussion
is
the
fiscal
year,
2024
Housing
Development
funding
strategy.
It's
the
first
discussion
with
RDA
staff
on
the
proposed
fiscal
year,
2024
Housing
Development
funding
strategy,
which
focuses
on
annual
housing
priorities
as
well
as
housing
activities.
There
will
be
another
step
where
they
speak
more
about
the
budget
and
the
allocations
that
the
board
can
consider
and
that
in
April
they
will
include
preliminary
budget
estimates
and
specific
proposals
for
using
the
funds.
If
this
all
seems
a
little
bit
new,
it's
because
it
is,
these
policies
were
adopted
by
the
board
in
2021.
J
So
this
is
only
really
the
third
time
that
the
that
the
board
has
been
through
this
I
do
want
to
clarify
that
the
board
will
approve
needs
to
approve
both
the
amount
of
annual
RDA
Revenue
to
be
allocated
among
the
four
housing
funds,
which
are,
of
course,
the
primary
housing
fund,
secondary
housing
fund,
housing
development
loan
fund
and
the
West
Side
committee
Community
initiative,
and
that
the
board
also
will
approve
the
specific
funding
allocations
among
the
housing
activities.
So
these
are
things
like
emergency
Gap
funding
or
property
acquisition.
J
Three
other
prerogatives
that
the
RDA
board
has
before
I
turn
it
over
to
RDA
staff.
One
is
that
you
can
make
policy
changes
among
adopted
housing
activities
or
budget
allocations
at
any
time
during
the
year.
So
deciding
these
things
now
doesn't
mean
you
can't
change
them
later,
Again
by
a
vote
of
the
board.
You
can
also
review
and
consider
each
specific
loan
project
proposal
before
it
may
be
approved
for
funding.
J
Sorry,
you
do
review
and
consider
each
one
before
it's
approved,
and
then
you
can
also
suspend
any
adopted
policies
under
special
circumstances
for
a
specific
project
proposal.
So
these
are
guidelines,
but
they
are
flexible
according
to
to
the
board's
discretion
and
I
will
pass
it
over
to
whoever
wants
to
speak
next.
F
F
So
to
begin,
the
rdas
housing
allocation
funds
policy,
which,
as
Allison
mentioned,
was
adopted
in
2021,
establishes
the
rda's
four
housing
funds
that
you
see
here,
including
the
primary
housing
fund,
secondary
housing
fund,
Housing,
Development,
Fund
and
West
Side
Community
initiative
fund.
Each
of
these
funds
have
unique
funding
sources,
eligible
uses
and
policy
priorities
which
I
will
review
in
a
moment.
F
F
So
the
current
balance
of
each
of
these
four
housing
funds
was
included
in
your
board
memo
and
again,
we
hope
to
bring
projections
next
month.
We
also
thought
it
might
be
helpful
to
break
down
the
sources
of
these
housing
funds
in
a
bit
more
detail,
so
the
primary
housing
fund
is
sourced
by
tax
increment
required
by
state
code
to
be
spent
on
Citywide,
affordable
housing
projects
in
each
project
area,
for
example,
state
code
requires
that
at
least
10
percent
of
tax
increment
from
the
State
Street
project
area
goes
to
city-wide,
affordable
housing.
F
The
secondary
housing
fund
is
sourced
by
additional
tax
increment
that
the
RDA
decides
to
allocate
to
housing.
Above
and
beyond
that
state
mandate,
the
Housing
Development
Fund
is
sourced
by
a
sales
tax
revenue
like
funding
our
future
dollars,
in
addition
to
other
sources
and
is
used
primarily
for
the
rda's
housing
development
loan
program
and
then
finally,
the
West
Side
Community
initiative
fund
is
sourced
by
Inland
Port
housing
funds
in
addition
to
other
sources.
So
those
are
our
four
funds
next
slide.
Please.
F
We
also
wanted
to
clarify
that
the
West
Side
Community
initiative
fund
is,
of
course,
a
fund,
and
it's
not
a
program
unique
to
the
West
Side
Community
initiative
fund.
These
dollars
must
be
spent
west
of
I-15
to
accomplish
six
policy
objectives
that
the
abort
adopted
in
early
2022
and
those
include
mitigating
impacts
from
the
from
Inland
Port
development,
allowing
for
our
the
RDA
to
maintain
ownership
of
land
to
ensure
long-term
Community
uses,
creating
opportunities
for
Revenue
generation.
F
That
can
be
then
reinvested
back
into
the
West
Side
Community,
mitigating
gentrification
and
displacement,
promoting
wealth
building
for
low
to
moderate
income,
households
through
home
ownership
and
shared
equity
and
finally
facilitating
housing
and
mixed
use
projects.
So
there's
a
variety
of
objectives
associated
with
this
fund
and
although
these
objectives
do
promote
home
ownership
and
shared
Equity
models
of
development,
the
West
Side
Community
initiative
is
not
a
Land
Trust.
F
Additionally,
RDA
staff
is
working
to
bring
the
board
a
land
acquisition
proposal
on
the
city's
west
side,
where
many
of
these
objectives
could
be
carried
out.
So
that's
something
to
come
next
slide
to
guide
this
year's
funding
proposal
staff
has
reviewed
current
housing
data
as
well
as
City
housing
goals.
F
Median
income
highlighting
continued
need
for
affordable
and
deeply
affordable
deed,
restricted
units
and,
finally,
there's
a
mismatch
between
housing
types.
The
housing
market
is
producing
and
the
needs
of
the
community
creating
a
total
afford,
affordable
unit
gap
of
approximately
16
000
units
next
slide,
please
so
reviewing
the
city's
many
housing
goals.
The
mayor
has
pointed
to
the
adoption
of
housing
SLC
and
thriving
in
place
within
her
2023
goals.
F
And
finally,
the
city's
West
Side
master
plan
promotes
the
construction
of
accessory
dwelling
units
on
the
west
side
as
a
way
to
protect
and
invest
in
single-family
neighborhoods.
So
we
really
looked
at
this
data
and
these
goals
to
evaluate
our
priorities
and
activities
for
the
year
and
with
that
I'll.
Let
I'll
turn
it
over
to
Tracy.
F
L
So
before
we
dive
into
the
recommendations
for
this
year's
housing
priorities
and
activities,
we
wanted
to
give
a
recap
of
the
priorities,
activities
and
outcomes
of
fiscal
year.
23..
Last
year,
the
board
approved
four
housing
priorities
which
included
affordable
home
ownership,
family
housing
defined
as
units
with
three
or
more
bedrooms,
deeply
affordable
housing,
which
is
defined
as
units
for
those
earning
40,
Ami
and
below
and
missing
metal
housing.
L
The
activities
associated
with
carrying
out
these
priorities
included
shared
Equity
model,
the
housing
development
loan
program,
Adu
assistance
and
land
acquisition
during
fiscal
year,
23
staff
researched
and
compiled
information
on
shared
Equity
programs
to
better
understand
how
this
could
be
could
be
carried
out
in
the
RDA
through
the
housing
development
loan
program,
the
board
directed
staff
to
make
either
family
size,
housing
or
deeply
affordable
housing.
L
In
regards
to
the
Adu
assistance
staff,
convenient
and
Adu
task
force
within
the
city
late
in
the
summer
this
year,
staff
also
briefed
the
board
in
October
and
staff
is
currently
in
process
of
drafting
an
RFQ
to
determine
partners
and
program
ideas
for
Adu
financing
in
the
nine
line
project
area.
And,
lastly,
already
staff
continues
to
seek
opportunities
to
acquire
land
to
carry
out
many
of
these
housing
goals.
L
So,
for
this
upcoming
fiscal
year,
based
on
the
housing
data
that
Lauren
went
over
and
the
mayor's
goals,
the
anticipated
goals
within
the
city's
updated
housing
plan,
the
rda's
livability
benchmarks
and
the
ongoing
work
from
this
fiscal
year,
RDA
staff
is
recommending
to
keep
these
priorities.
Basically,
the
same
as
fiscal
year,
23.
staff
has
proposed
four
housing
priorities
that
we
will
focus
on
for
your
consideration.
L
These
include
wealth
building
opportunity
which
would
support
wealth,
building
opportunities
for
low
to
moderate
income,
individuals
and
families,
affordable
family
housing,
again
defined
as
three
or
more
bedrooms
deeply
affordable
housing
defined
as
those
who
earn.
40
percent
of
the
40
am
I
and
below
and
missing
middle
housing,
which
is
categorized
as
multi-family
housing
types
or
clustered
housing
types
that
are
compatible
in
scale
with
single-family
neighborhoods,
like
fourplexes
Townhomes,
adus,.
L
So
we
renamed
so
one
thing
we
wanted
to
know
is
that
we
renamed
the
homeownership
priority
from
last
year
to
wealth
building
opportunities,
since
this
encompasses
a
broader
range
of
not
only
home
ownership,
but
also
various
shared
Equity
models.
The
priority
would
support
different
forms
of
wealth,
building
opportunities
for
low
to
moderate
income
households
and
could
be
achieved
through
different
Pathways,
such
as
home
ownership,
supplemental
income
opportunities,
stipends
for
rents,
Community,
Land
trusts
and
co-ops.
L
A
Thank
you,
I'm,
going
to
ask
a
quick
question
here
and
again
board
members.
Always
you
all
know
how
I
run
my
meetings
feel
free
to
jump
in
whenever
so
the
wealth
building
opportunity
bucket
sounds
like
similar
language
to
what
we
heard
from
hand
yesterday
or
last
week
about
the
Perpetual
housing
fund.
Is
this
the
same
thing?
Is
it
different?
Are
we
running
talk
to
me,
because
that
was
the
same
language
that
we
heard
during
the
brief
of
the
Perpetual
housing
fund
was
to
create
wealth,
building
opportunities?
L
I
think
we
are
trying
to
achieve
the
goal
of
wealth
building
and
some
from
what
I
understand
of
that
model,
the
Perpetual
house
Perpetual
housing
fund.
That
is
something
that
could
fit
under
this.
This
bucket.
A
K
No,
it's
a
great
question
and
I
think
as
Tracy
was
saying
one
of
the
reasons
we
changed,
the
the
home
ownership
to
be
wealth
building
is
so
that
it
can
incorporate
either
home
ownership,
a
proportional
housing
fund,
type
model
or
projects
that
incorporate
that
shared
Equity
models.
We're
we're
seeing
and
hearing
some
of
these
multiple
proposals
coming
not
just
from
the
one
that
is
ultimately
going
to
be
transmitted
to
you
as
the
city
council,
but
also
from
other
housing
providers.
K
As
far
as
a
transmittal
and
I
think
those
conversations
are
happening
with
the
administration
of
how
we
as
a
city
receive
that
and
what
is
the
role
between
housing,
stability
or
the
RDA
or
who
is
ultimately
going
to
be
involved
in
that
and
I
think
those
questions
will
hopefully
be
have
better
answers
when
that
transmittal
comes
to
you
and
that
discussion
happens
on
the
city
council
side.
What
we're
doing
today
is
just
providing
for
that
opportunity.
L
So,
to
facilitate
these
housing
priorities,
Steph
is
proposing
these
four
housing
activities
listed
here
that
could
potentially
be
funded
this
year
again.
These
are
very
similar
to
last
year's,
and
that
includes
an
equity
building
model,
housing
development,
loan
program,
accessory
dwelling
unit,
partnership
and
land
acquisition
and
disposition.
L
So
what
the
primary
goal
of
removing
barriers
to
wealth,
building
and
creating
generational
wealth
through
this
activity,
the
RDA
will
release
a
competitive
notice
of
funding,
availability
or
a
nofa
to
support
external
programs
and
or
developments
that
build
equity
for
low
to
moderate
income.
Individuals
and
Families
guidelines
with
funding
objectives
will
be
released
in
conjunction
with
the
snofa
and
proposals
will
be
reviewed
on
a
competitive
basis.
L
The
next
item
is
what
you're
you
are.
You
should
be
very
familiar
with.
Is
our
housing
development
loan
program
which
so
we'll
use
this
program
to
release
a
competitive
nofa
for
developers
seeking
Gap
financing
for
their
affordable
housing
developments?
L
The
next
item
is
the
Adu
partnership.
Adus
are
a
form
of
missing
middle
housing
that
can
add
discrete
density
to
single-family
homes
and
could
potentially
have
a
significant
impact
on
the
Salt
Lake
City's
overall
housing
Supply.
In
addition,
progress
has
been
made
on
developing
an
Adu
financial
assistance
program
in
the
nylon
project
area.
Rd
staff
will
release
a
request
for
qualifications
to
solicit
a
partner
to
develop
an
Adu
financial
assistance
program
in
the
nine
line.
L
Project
area
adus,
provide
missing
middle
housing
and
can
support
wealth
building
by
supplementing
mortgage
payments
and
increasing
income
and
property
values.
And
the
last
item
is
the
land
acquisition
and
disposition
which
is
an
important
housing
activity
and
will
be
used
to
Target
multiple
priorities,
including
wealth,
Building,
Wealth,
building
opportunities,
family
housing
and
missing
mental
housing.
We
can
achieve
the
housing
priorities
by
releasing
an
RFP
or
a
request
for
proposals
where
we
can
request
specific
priorities
to
be
incorporated
within
a
development
dependent
on
the
needs
of
a
given
area.
M
I
please,
when
we,
when
we
say
on
that
previous
slide,
Equity
Building
models
are
we
still
strictly
speaking
in
a
traditional
Equity
through
owning
a
structure
or
a
housing
unit?
Or
are
we
talking
about
Community
wealth
development,
as
is
emerging
in
the
literature
right
now?
Things
like
occupant,
equity
and
Community
investment
and
and
Community
stakeholder
Equity
yeah.
M
F
We
can
definitely
look
into
that.
I
think
that
was
the
idea,
because
they're
all
there
are
all
sorts
of
these
new
ideas
out
there
that
isn't
just
traditional
home
ownership
and
even
like
Adu,
supportive
adus
that
allows
for
supplemental
income
and
Equity.
So
there's
so
many
ideas
out
there
that
we
that
hopefully
this
is
Broad
enough
to
support.
L
All
right
going
Tracy!
Thank
you.
Next
slide,
almost
done
all
right
so
similar
to
previous
years
already,
a
staff
RDA
staff
will
continue
to
utilize
the
rda's
housing
development
loan
program,
housing
development
loan
program
and
we'll
use
the
rda's
benchmarks
to
allow
for
interest
rate
reductions
through
the
hdlp.
So
these
include
reductions
for
projects
that
incorporate
Transportation
opportunities,
neighborhood
safety
preservation,
Etc
in
in
order
to
Target
two
of
the
housing
priorities
as
part
of
the
competitive
nofa.
L
The
board
may
consider
requiring
deeply
affordable
and
or
family
housing
as
a
threshold
again
for
this
upcoming
fiscal
year,
where
at
least
10
percent
of
the
units
would
need
to
be
deeply
affordable
or
affordable
family
size
units,
so
last
year
was
the
first
year.
First
time
we
had
a
threshold
requirement
and
I
think
when
we
initially
had
talked
through
it.
A
L
Of
yeah,
we
had
quite
a
bit
of
applicants
through
the
last
housing
development
loan
program
cycle,
so
this
Matrix
was
created
to
help
illustrate
the
proposed
housing
activities
that
may
be
able
to
facilitate
more
than
one
of
the
housing
priorities.
For
example,
missing
middle
housing
can
be
accomplished
through
an
Adu
partnership,
but
it
also
could
be
acquired
specifically
for
the
development
of
missing
middle,
a
missing
middle
type
housing.
So
this
kind
of
shows
how
that
how
we
can
meet
these
priorities
with
a
variety
of
these
activities.
L
Let's
see
next
slide,
please,
and
this
slide
really
summarizes
the
components
of
our
fiscal
year,
24
annual
housing
funding
strategy,
kind
of
recommendation
to
summarize
we're
hoping
to
understand
from
the
board,
if
you
are
in
alignment
with
the
annual
housing
priorities
and
subsequent
activities
as
proposed,
the
board
may
also
want
to
provide
feedback
regarding
the
deeply
affordable,
housing
and
or
family
housing
as
a
threshold
in
this
year's
housing
development
loan
program.
Nofa
next
slide,
please.
L
L
H
Thank
you,
madam
chair.
Thank
you
guys.
This
is
awesome.
I'm
I'm
super
thrilled
to
see
that
we're
following
some
of
the
things
that
we've
done
in
the
past
that
have
worked
for
us
and
it
seems
like
we
can
make
them
work
even
further
and
I
think
just
to
illustrate
how,
a
few
years
ago,
we
decided
that
family
housing
was
very
important
for
Salt
Lake
City
and
that
we
were
going
to
do
everything
we
can
in
our
power
to
promote
that
to
make
that
a
priority.
H
When
we
talk
to
developers
and
that
and
that's
something
that
we
at
least
me
when
I
was
chair
and
I-
think
the
whole
world
made
that
clear
connection
why
the
school
district
participation
is
so
important
and
because
we
are
interested
we
are.
We
want
to
support
the
school
district
because
their
support
to
us
and
so
I
hope
that
I
hope
this.
What
is
being
said
and
how
we're
moving
forward?
How
we're
using
our
our
dollars
is
it's
clear
that
that's
what
we
want.
H
We
want
to
support
families
with
children
and
that
they
can
stay
in
the
city
and
live
here
and
you
know
live
close
by
by
their
school.
So
having
that
said,
I'm
I'm
moving
on
to
the
Adu
program
that
you
might
be
thinking
about.
Can
you
expand
a
little
bit
more
so
that,
because
we're
talking
adus
as
last
three
weeks
as
Council
just
to
see
how
that
program
or
what
you
guys
are
thinking
how
we
can
make
it
make
the
connection
as
well
with
the
council
legislative,
and
you
know,
work
that
we're
doing
so.
A
And
yes
before
you
enter
that,
can
you
take
us
back
to
why
you
came
up
with
this
because
it
seems
like
when
you
come
up
with
a
comprehensive
Adu
plan.
It
probably
had
something
to
do
with
the
people
sitting
up
here,
so
it
may
be
a
little
reminder
of
that
and
then
it
just
did
some
background
because
it
there
has
been
a
lot
of
that
discussion
and
then
and
then
to
that
how
it's
going
to
work
with.
H
Can
I
answer
before
to
see
if
I
remember
the
last
thing,
I
remember
that
we
talked
adus
with
the
RDA
was
to
before
any
of
the
of
the
things
that
we're
reviewing
as
Council.
We
were
thinking
that
the
nine
line
could
be.
He
had
enough
single-family
homes
there
that
we
could
potentially
help
those
because
our
program
or
our
ordinance
is
so
complicated.
So
maybe
we
start
helping
with
helping
people
with
technicalities
like
what
does
it
mean
to
be?
You
know
to
have
a
conditional
use
and
how
do
you
connect
the
sewage?
H
H
A
F
So
I'm
it
came
from
a
lot
of
different
places,
including
you
all,
and
our
city
city,
housing
plans,
Just
Master
plans
in
general
supports
adus
to
especially
as
a
tool
to
prevent
displacement
and
as
council
member
valdemorris,
you
were
talking
about
specifically
in
our
nine
line
project
area.
We
do.
There
is
a
large
percentage
of
single-family
housing.
So
that's
where
we
wanted
to
start
this
pilot
program
for
adus,
as
we
do
other
types
of
work
in
the
project
area.
F
F
Lake
County
also
asks
for
their
Pro
this
program
to
be
established
in
the
nine
line
and
yeah,
and
it's
actually
a
part
of
their
interlocal
agreement
that
we
do
establish
this
financing
program
and
you
had
all
you're
talking
about
this
interdiscip
or
yeah
interdisciplinary
type
of
program,
because
you
know
our
role
in
the
RDA
is
kind
of
Adu
financing
for
construction,
but
there's
so
much
more.
That
goes
into
supporting
adus,
for
example,
those
pre-approved
plans,
helping
residents
through
the
permit
process,
and
so
it's
kind
of
become
this
more
all-encompassing
program.
F
But
our
our
main
goal
at
the
RDA
is
to
support
Adu
financing
for
construction,
and
then
we
realize
that
there's
all
these
different
components
to
really
make
for
a
successful
Adu
program,
and
so
that's
really.
Why
we're
looking
for
a
partner
to
help
us
Implement
those
other
pieces
that
we
don't
necessarily
work
on
outside
of
development.
So
I
hope
that
gives
you
a
little
bit
of
background.
D
Yeah
thanks
Madam
chair
I,
appreciate
that
I
I
think
this
is
the
the
tool
tools
that
we
can
create
in
order
to
make
adus
do
the
things
that
we
just
talked
about
are
very
important
to
I.
Think
what
from
what
I've
heard
everybody
on
the
count
on
the
board?
D
My
question
is:
you've
talked
you
were
said
in
the
presentation
that
there's
a
we're
drafting
an
RFQ
to
look
for
partners
to
help
us
create
these
tools.
Can
you
talk
to
me
a
little
bit
more?
Why?
What
are
the
expertise
or
the
the
capabilities
that
we
don't
have
within
our
own
staff
and
that
we're
looking
for
from
partners,
because
my
cynical
brain
hears
that
as
it's
going
to
take
a
really
long
time
for
anything
to
be
created
because
we're.
D
For
them
to
respond,
we're
going
to
figure
out
who's
gonna,
who
you
know
who
we're
gonna
choose
to
partner
with,
and
then
those
people
are
going
to
do
something
and
then
we're
going
to
not
like
it,
so
we're
going
to
make
them
revise
it,
and
then
it's
going
to
be
multiple
years
before
we
have
like
a
program
that
a
homeowner
can
apply
for.
Can
we
help
help,
help
me
understand
this
process
and
how
we
can
hopefully
make
it
as
quick
as
possible.
F
Well,
we
have
heard
that
there's
different
organizations
in
the
community
kind
of
working
on
these
ideas
so
already
and
they
kind
of
have
access
to
individuals
looking
for
affordable
opportunities,
I
think
something
an
organization
might
be
able
to
do
better
is
because
we
are
looking
to
support
kind
of
affordable,
adus
potentially,
and
they
could,
you
know,
solicit
the
right
residents
that
meet
that
affordable
qualification.
F
They
could
work
on
like
the
monitoring,
the
compliance
of
those
affordable
units
pulling
in
more
resources
in
general,
because
we
have,
you
know
a
certain
amount
of
funding,
but
that's
not
enough
funding
to
support
multiple
adus,
I
I
wish
Austin
was
up
here
because
he's
working
on
that.
Okay,
it's
okay,.
A
Too,
let
me
if
I
may
real,
quick
us
and
you
don't
have
to
come
you're,
not
in
the
hot
seat
yet,
and
the
reason
is
because
this
is
an
overview
of
the
RDA
priorities
and
we
have
had
about
1
million
hours
of
Adu
discussions
and
will
continue
having
that
in
our
council.
Meeting
and
I
want
to
make
sure
there
is
space
for
that,
but
the
pre.
A
These
priorities
came
out
of
two
to
three
years
ago
of
our
mission
and
our
values
and
then
really
what
we
had
asked
the
RDA
to
do
two
years
ago
was
say
based
on
our
mission
and
values
and
on
and
these
20
priorities
that
we
all
have.
What
are
we
going
to
focus
on
in
the
budget
right
and
that's
what
this
discussion
is
is
intended
to
be
is
what
is
that
overview
of
those
four
to
five
priorities
that
you
have
heard
from
us
over
the
last
year
of
like
hey?
This
is
what
we
think
you're
saying.
A
Let
us
know
if
we're
even
on
point
at
all,
so
that
we
can
start
to
look
at
our
budget
and
say
we
know
these
are
the
the
priorities
of
the
RDA
board
and
it
and,
if
I'm
wrong.
Somebody
tell
me
I'm
wrong
because
I'm
okay
with
that.
But
this
is
what
I
believe
the
intent
of
this
discussion
was-
is
not
to
go
down
the
rabbit
hole
of
adus.
A
Yet
right,
I
think
that
this
program's
great
it's
what
we
asked
you
to
to
do,
and
that
will
be
there
eventually,
but
I
would
challenge
our
board
members
to
step
above
that
a
little
bit
and
say
this
is
an
overview
of
what
really
are.
If
we
go
back
to
the
mission
and
values
that
the
RDA
has
and
that
list
of
20
priorities,
what
are
our
priorities
for
this
year?
A
What
are
we
going
to
focus
our
budget
on
this
year
because
I
think
that's
what
we
challenged
RDA
to
come
and
bring
us
with,
and
our
challenge
is
to
say
yes
or
no,
because
they're
in
budget
season?
Where
are
we?
Where
is
our
money
going?
Is
it
right
and
that's
kind
of
I
want
to
keep
us
focused
up
here
for
a
little
bit
on
this
one
councilmember
Petro
or
board
member
Pedro.
M
So
we
described
missing
middle
according
to
the
stock,
not
according
to
the
people
who
would
be
inhabiting
it.
My
my
goal
with
missing
metal
is
to
make
sure
teachers
police
people
who
are
making
good
incomes,
but
currently
most
often
blocked
out
of
our
housing
market,
have
access.
M
I
was
a
little
Disturbed
that
their
only
options
as
described
would
be
potentially
quads,
or
you
know
that
the
likelihood
of
a
single
family
home
seems
Out,
Of
Reach
for
them,
but
but
understanding
the
nature
of
like
land
prices,
I
I
get
how
that
works,
but
that
seems
to
conflate
with
the
description
of
the
West
Side
Community
initiative,
because
we
said
it's
not
a
Community
Land
Trust.
However,
if
that
shared
Equity
model
is
a
strategy
that
allows
us
to
afford
a
diversified
housing
stock
for
that
missing
middle.
M
Are
we
saying
that
we've
already
eliminated
that
as
a
possibility?
Are
you
saying
you're
not
limiting
yourself
to
an
out
I'm,
both
concerned
with
number
one
making
sure
that
people
who
do
really
dignified
and
important
things
in
our
city
have
dignified
Choice
when
it
comes
to
where
they
live
and
aren't
boxed
into
just
one
sort
of
Housing?
And
then
the
second
concern
I
have
is
that
the
West
Side
Community
initiative
should
have
some
pretty
rigorous
guard
rails
around
what
it
is
and
I'm
and
I'm
fine
with
it
still
being
information.
But
I.
M
F
Can
try
to
help
clarify
that
second
comment,
because
I
reviewed
the
West
Side
Community
initiative
fund
and
I
wanted
to
clarify
that
it's
not
a
land
trust
it's
a
fund,
but
those
funds
could
certainly
be
used
to
support
a
land
trust
and
shared
Equity
models
in
general
and
in
fact
that's
what
we
intend
to
do.
But
we
wanted
to
just
remind
you
that
it's
not
like
an
established
program
yet
so
yeah.
If.
A
I
may
expand
on
that.
If
it
were
a
lantress,
it
feels
to
me
like
it
would
be
almost
more
confined
than
if
we
call
it
a
fund
exactly
and
yeah
and
say
this
can
be
used
for
other
things,
that
the
key
that
I
remember
about
the
West
Side
initiative
is
that
it's
meant
for
all
of
the
things
that
we
want
it
to
do:
development
wealth,
building,
land
acquisition,
if
need
be
or
how
it.
However,
that
looks,
but
if
it
were
a
land
trust,
it's
almost
that
we'd
be
more
confined.
M
K
I
would
just
add
to
that
that
I
think
part
of
the
confusion
is
in
early
conversations
when
we
talked
about
the
West
Side
Community
initiative.
We
did
say
that
things
like
shared
equity
and
land
trust
could
be
part
of
it.
K
I
think
with
the
direction
we've
received
from
you
as
a
board,
within
the
West
Side
committee
initiative,
with
the
indication
that
the
strategy
is
partly
for
the
RDA
to
buy
and
hold
on
to
land
long
term
for
the
purposes
of
providing
that
ongoing
affordability
is
kind
of
where
we
as
staff,
look
at
and
say
we
can
do
everything
that
a
land
trust
can
do
including
other
options
as
well,
but
we're
not
necessarily
looking
to
set
it
up
as
a
land
trust
as
much
as
accomplish
the
same
goals
and
objectives.
L
Yeah,
so
just
to
so
the
missing
middle
Benchmark
that
we
have
is
technically
just
it's
based
more
on
the
form
and
it's
not
specific
for,
like
the
people
or
the
incomes,
but
I
think
what
you're
seeing
is
very
important
because
I
think
that's
what
we're
we've
thought
about
a
lot
and
I
think
we
we
can
go
back
and
make
sure
kind
of
like
Workforce
housing
is
kind
of
still.
We
can
still
accomplish
that
Within
These
priorities.
I
I,
can
see
that
still
being
still
fitting
under
like
a
wealth
building,
because.
M
And
I
think
particularly
for
the
west
side,
where
we've
recently
welcomed
in
a
lot
of
deeply
affordable
that
Workforce
housing
is
the
income
diversification
that
we
need
to
create
that
mixed
income,
that's
going
to
create
future
livelihood
in
our
communities,
so
I'm
very,
very
interested
in
Workforce
housing,
particularly
for
West
Side
families.
Okay,.
H
I
also
had
a
comment
on
the
workforce,
housing
I
think
at
some
point.
We
talked
about
that
that
land
trust
that
we
were
very
specific
at
the
Times,
just
I
think
it
was
all
also
for
for
our
understanding
of
where
the
money
was
coming
from
and
what
was
going
to
be
destined
for,
but
obviously
now
that
you
expanded
it,
it
makes
sense.
I
know
it's
not
eliminated,
but
we
talked
about
that
I'm,
not
sure.
If
you
were
here
Victoria
or
not.
H
Maybe
it
was
James
here,
but
we
also
talked
about
the
workforce
housing
that
it
you
know
and
how
we
could
also
be
very
strategic
in
using
or
or
designating
a
let's
say
we
went
with
a
land
trust
right
and
we
were
going
to
to
build
housing
that
we
could
designate
a
percentage
of
the
units
for
our
own
police
officers
and
for
our
own
firefighters
or
maybe
teachers
that
work
for
Salt
Lake
City
as
a
strategy
for
retention,
but
also
because
we
really
want
them
to
live
in
the
city
where
they
work.
H
That
was
very,
very
important
and
so
I'm,
definitely
all
in
for
a
Workforce
housing,
and
definitely
that
we
keep
that
in
mind
that,
as
we
as
we
have
a
lot
of
competition
out
there
in
different
cities
that
you
know
us
helping,
our
own
staff
will
be
really
really
important.
Thank
you.
Thank
you
board.
A
Member,
there
are
other
discussions
on
this
proposal
board.
Member
sorry,
thank
you
board.
Member
I
mean
chairperson,
Bowie
I,
see
you
there.
So
if
there's
something
and
I'm
missing
you
because
I'm
looking
around
the
room,
just
like
wave
your
hands
or
holler
or
something
so
that
I
don't
miss
you
so.
E
Thank
you
again,
the
question
now
just
transitioning
to
the
the
selection
process,
we've
gone
through
and
the
way
in
the
selection
process
and
weighing
the
priorities
over
the
selection
process.
E
I
know
we
had
some
discussions
last
time
about
different
weights
and
how
that
we
had
some
of
the
higher
priorities
were
were
missed
because
the
way
that
we
waited
things-
and
we
just
I'd
like
to
maybe
review
that
again
to
make
sure
that
our
waiting
process
is
accurate
for
the
current
times
and
the
current
discussion
we're
having
here
and
we're
not
Missing
missing
some
gapping,
some
things
here
on
the
way
the
wait
process
of
the
selection.
A
And
I
think
that's
something
and
I,
of
course,
will
leave
it
to
board
chair
Pui,
but
that
might
be
something
that
to
put
on
a
future
agenda
or
to
look
at
it's
probably
sooner,
rather
than
later,
as
we
come
up
onto
budget
session,
you'd
probably
want
some
amount
of
Direction
so
where
our
priorities
are,
which
leads
me
to
a
question.
Sorry
board
member
our
board,
chair
Bowie,
but
Ellison.
What
are
our
next
steps
regarding
this?
This
is
the
first
briefing
on
the
priorities.
J
And
I
hope,
Tracy
and
Lauren
will
correct
me
if
I'm
wrong
in
April.
There
will
be
so
sorry
you'd
think
it
was
my
first
time
so
in
April.
J
This
team
will
come
back
to
talk
more
specifically
based
on
the
comments
you've
made
today
about
what
their
next
steps
are
and
then
the
idea
is
that
in
case,
the
budget
estimates
are
not
ready
by
April
that
those
will
have
to
be
delayed
until
May
for
the
RDA
session
to
work
on
the
rda's
budget.
So
those
are
the
next
steps.
J
M
A
D
Resolution
that
this
be
I'm
not
saying
I'm,
not
saying
that
I
need
the
details
before
I
say
that's
a
priority.
I'm
saying
right
now
that
this
is
a
priority
I'm,
just
putting
it
out
there
that
I'm
worried
about
the
process
of
an
RFQ.
It
sounds
like
it
might
take
a
long
time,
so,
okay,
a
future
time,
even
if
it's
after
budget,
but
soon
after
budget,
hopefully
that
we
would
have
I'm
not
saying
my
support
for
these
priorities
is
contingent
upon
knowing
the
details,
but
I
would
like
to
know
the
details.
K
Madam
chair,
if
I
may
help
answer
some
of
those
concerns
we
want
to
have
this
happen
quickly
as
well
part
of
the
reason
we've
put
out
the
RFP
the
way
we
have
as
far
as
we
could
find
a
partner
or
we
could
find
a
consultant
to
help
us
craft.
K
The
program
is
to
merge
those
two
efforts
so
that
we
know
if
someone
does
have
something,
that's
ready
to
go,
that's
an
option
to
proceed,
or
if
it's
something
where
maybe
we
want
to
go
a
different
route,
then
we're
getting
information
and
input
so
that
we
can
create
that
and
develop
the
right
tool
either
way.
Those
responses
and
the
next
step,
as
far
as
either
forming
a
partnership
or
creating
a
program
or
anything
we'll
come
back
to
you
as
a
board
for
discussion,
input
and
Direction
on
how
we
want
to
proceed
with
this.
K
We
share
that
sense
of
urgency,
so
much
so
that
we
anticipate
putting
a
request
in
the
budget
for
next
year,
so
that
we
can
start
having
money
ready
to
go
next
fiscal
year.
So
once
we
adopt
a
program,
we're
going
right
into
implementation
and
then
Madam
chair
as
far
as
following
up
on
Allison's
comment.
Obviously,
yes
we'd
like
to
bring
a
resolution
back
for
the
board's
consideration.
K
We
understand
that
there
may
be
further
discussion
that
can
carry
over
into
the
budget
as
you
get
into
the
actual
allocations
and
always
we're
happy
to
provide
any
additional
information.
If
there's
direct
questions
that
you'd
like
us
to
come
back
and
speak
to
so
whatever
Direction
you
as
chair
and
vice
chair,
prefer,
we
can
do
that.
A
Board
member
Wharton
I
saw
you
put
your
hand
on
your
microphone
earlier.
Was
there
something
that
you
wanted
to
to
say
it
all
I'm,
not
putting
you
on
the
spot?
I
just
didn't
I
want
to
give
you
the
chance
before
I
move
on
okay,
there
was
board
chair,
Bowie,
sorry
I
took
over,
but
that's
what
your
Vice
chair
does.
Is
there
anything
you
I'm
turning
the
time
over
to
you
board,
chair.
A
Thank
you
board
chair.
If
there's
no
further
discussion,
then
I'll
move
on
oh.
E
Yeah
so
I
agree
former
mono
about
the
the
priorities
I'd
like
the
four
priorities.
Is
there
a
priority
amongst
those
or
are
they
just
all
basically
equal
priorities
and
you
need
more
specific
specificity
on
that.
J
If
I
may,
the
I
think
one
thing
to
keep
in
mind
is
that
last
year
the
affordable
housing
or
just
housing,
homeowning,
sorry,
affordable,
home
ownership,
yes
and
the
deeply
affordable
housing
priorities
were
actually
had
to
be
included
in
any
successful
priority
or
sorry
in
any
successful
project.
So
those
two
sort
of
do
have
a
a
higher
place
above
middle
missing
middle
and
the
other
and
Adu.
So
that's
something
something
you
could
consider:
keeping
leaving
no
keeping
changing.
E
If
I'm
wrong,
we
have
the
wealth,
building,
priority,
affordable,
family
housing,
deeply,
affordable
and
missing
middle.
Those
are
the
four
priorities,
so
those
are
I
think
we
are
in
agreement.
Those
are
the
four
priorities,
but
in
the
past
we
had
two
of
them
that
were
kind
of
carved
out
that
were
we
have
two
priorities:
upper
level
and
second
tier
level
threshold
and
yes,
yeah.
E
We
haven't
kind
of
given
you
a
decision
on
that
at
this
point
to
say
change
that
or
not
change
that.
So
we
need
to
come
back
to
you,
probably
because
it
doesn't
sound
like
we're
at
that
level.
Yet
of
saying
hey,
we
need
to
keep
these
thresholds
or
maybe
we
adjust
those
thresholds
so.
F
I
I
believe
we
can
come
back
to
you
with
the
guidelines
for
the
affordable
housing
nofa,
and
we
could
discuss
that
waiting
and
thresholds
kind
of
later.
But
we
just
need
to
know
that
what
are
your
four
priorities
for
the
year,
because
because
I
would
also
add
that
the
priorities
aren't
just
regarding
the
affordable
housing
nofa.
It's
regarding
all
of
our
programs.
F
So,
although
it's
not,
although
things
like
missing
middle
aren't
a
threshold
for
the
nofa,
affordable,
housing
nofa,
rather
they
are
an
equal
priority
in
the
sense
that
we're
having
we're
trying
to
implement
the
Adu
program
and
just
promote
all
the
priorities
across
the
board
in
different
different
things
that
we
do.
Okay,.
E
F
E
A
But
for
now
we
will
be
moving
on
to
C3,
which
is
reporting
announcements
from
the
executive
director.
Thank
you,
executive
director,
mayor
for
being
here.
Is
there
anything
you
would
like
to
add
awesome.
Thank
you
report,
announcements
from
RDA
staff,
no.
A
A
We
have
a
board
appointment
on
the
consent
agenda
and-
and
we
will
just
need
a
motion
for
that
I.
Did
there.