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MAY 11TH, 2023.[2024 Bond ECO, HOU, OHS Meeting on May 11, 2023.]
AND WELCOME TO THE, UH, KICKOFF MEETING OF OUR, UH, ECONOMIC DEVELOPMENT HOUSING HOME SOLUTIONS SUBCOMMITTEE.UH, WE'RE GONNA START OUT WITH A, THERE'S GONNA BE SOME FOLKS ANDREW WAS GONNA TRY TO GET ONLINE, SO WE'LL KEEP AN EYE ON HIM.
UH, ANDREW, I THINK WE'LL TRY TO JOIN THIS LINE.
YOU CAN HAVE A SEAT PLATE THERE.
WHERE? THIS IS DAVID STATEMENT TODAY.
LET ME JUST GO AHEAD AND INFORM EVERYBODY THAT THIS MEETING WILL NOW BE RECORDED.
FOR THE 2024 CAPITAL BOND PROGRAM, SUBCOMMITTEE, ECONOMIC DEVELOPMENT, HOUSING, AND HOMELESS SOLUTION.
UM, WE HAVE A LOT TO COVER TODAY, SO WE'RE GONNA, WE'RE GONNA KEEP THE, UH, THE THANK YOUS VERY SHORT, BUT OF COURSE, THANK YOU ALL FOR JOINING US TODAY.
THANK YOU ALL FOR VOLUNTEERING.
THIS IS IMPORTANT WORK FOR THE CITY OF DALLAS.
AND, UH, I, I THINK WE'RE ALL GONNA HAVE A REALLY GOOD TIME, UH, AND HOPEFULLY COME UP WITH SOME AMAZING RECOMMENDATIONS.
UM, IF WE COULD, MAYBE YOU JUST VERY BRIEFLY INTRODUCE OURSELVES AND GIVE JUST, JUST A FEW SECONDS WHO YOU ARE AND DO WHAT YOU DO.
I THINK I HAVE MET ALL OF YOU, BUT MY NAME IS TONY SHADI.
UH, I HAVE A, UH, INVESTMENT COMPANY, MOSTLY REAL ESTATE.
UM, BORN IN MEXICO CITY, MIGRATED TO, UH, TEXAS 12.
UH, I'VE BEEN A TEXAN AND A COWBOY FAN EVER SINCE, EXCEPT RECENTLY I'M A LITTLE DISAPPOINTED.
UH, MR. UM, I'M COMMISSIONER LAURIE BLAIR.
I AM ZONING AND PLANNING COMMISSIONER FOR DISTRICT EIGHT.
I WORKED 34 AND A HALF YEARS WITH AT AND T AS A PROJECT MANAGER, AND I AM A, UH, MEDIATOR.
IM MEDIATOR FOR THE CIVIL COURTS.
SO I, MY, MY GOAL IS TO MAKE SURE NO ONE GETS EXACTLY WHAT THEY, WHICH IS WHY YOU'RE ON THE WHAT WE DO.
I'M A, A NON PRACTICING ATTORNEY, WORKED FOR THE CITY FOR 12 YEARS, UH, 10 YEARS IN THE CITY ATTORNEY IN HOUSING DEPARTMENT.
AND I WORK FOR NATIONAL NONPROFIT ON HOUSING UNIT COUNCIL, HEALTH ISSUES A LITTLE BIT HERE.
UH, I'M USED TO CHAIR COMMITTEE WITHIN THE PLAN COMMISSION CALLED ZAC, AND I THINK MAYBE SIX, SEVEN YEARS AGO, UH, BO PROBABLY CO-AUTHORED WHAT I'VE SEEN IN A CRIMINAL SUCCESSFUL ORDINANCE THAT I'VE EVER BEEN, I'VE EVER SEEN IN THE CITY OF DALLAS, WHICH IS INCOME HOUSING DEVELOPMENT BONUS, OR VOLUNTEERING FOR THE JURY ZONE.
UM, BEEN A DALLAS RESIDENT FOR ABOUT 20, 21 YEARS FROM OKLAHOMA, ORIGINALLY IN REAL ESTATE AND, UH, TECHNOLOGY INVEST, UM, ON THE BOARD OF THE DALLAS OF THE HOUSE AND CORPORATION, UH, COUNT DALLAS, WHICH CHANGES THE HALF IMPROVEMENT DISTRICT S THE PROBLEM.
UM, I'M KEN AND, UH, I WORK, HOUSING, SINGLE FAMILY DEVELOPMENT, AND, UH, UH, BACKGROUND SERVICES AND, UH, COMPANY WITH THE PUBLIC.
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RESIDENT, WEST, WEST DALLAS, UH, DISTRICT SIX, UM, BOARD.I ALSO SERVE ON THE PUBLIC FACILITIES CORPORATION BOARD.
UH, AND I'M FOUNDER OF, UH, WEST WAN, WHICH IS
WE'RE OUT THERE, THE SO HAPPY.
THANK YOU FOR JOINING US, MR. ROSS.
I, UH, OWNER OF, UH, ROSS MEDICAL SUPPLIES AND EQUIPMENT, UH, DISABLED VETERAN, DO A LOT OF WORK WITH, UH, HOMELESSNESS, UH, THE BRIDGE, CURRENTLY DOING SOME WORK UP IN AFRICA, DEALING WITH, UH, REVERSE OSMOSIS, CONVERTING WATER, UH, SEA WATER TO, UH, DRINKING WATER.
I'M HERE FOR DISTRICT 17 BOND AS WELL FOR THIS DEGREE.
I, UH, MY MAIN CAREER PATH IS HEALTHCARE OR MANAGER.
I'M ALSO OF, UH, JOINING GOOD NUMBER.
I WAS IN, UH, DALLAS FOR ABOUT 24 YEARS NOW.
UM, I CURRENTLY WORK FOR WAKA MANAGEMENT, WHICH IS A REAL ESTATE INVESTMENT COMPANY.
I DO SPECIAL PROJECTS AND SERVE ON MULTIPLE COMMITTEES AND COMMISSIONS OVER THE YEARS FOR THE CITY OF AWESOME.
I WORK FOR UNITED WAY OF DALLAS.
I LEAD OUR WORK AND HOMELESSNESS, UM, AND IN OVERSEE IMPACT DEPARTMENT.
UH, I HAVE BEEN UNDER 16 YEARS.
I ALSO SERVE ON THE BOARD OF THE CONTINUUM CARE AND THE BOARD OF HOUSING FORWARD IN THE DALLAS AREA PARTNERSHIP.
UH, JASON, CAN YOU HEAR US? YES, SIR.
UH, BORN AND RAISED IN THE BEST CITY IN AMERICA, AND THAT'S DALLAS, IN CASE ANY, IF YOU HAVE TO QUESTION THAT.
UH, I CURRENTLY OVERSEE A NONPROFIT ORGANIZATION THAT'S RESPONSIBLE FOR, UH, HOUSING DEVELOPMENT, UH, SPECIALIZED IN, UH, MULTI-FAMILY HOUSING.
UH, AND THEN I HAVE A, UH, BACKGROUND IN, UH, INVESTMENT REAL ESTATE, UH, RANGING FROM RETAIL, MEDICAL OFFICE, OFFICE BUILDING, UH, ACROSS THE, UH, SOUTHEAST, UH, OF OUR COUNTRY.
IS THERE ANYONE ELSE ON THE LINE THAT I MISSED? HEY, TONY, I'M HERE.
UH, YOU HEAR ME? CAN YOU HEAR ME OKAY? YES.
UH, BORN AND RAISED, DISTRICT FIVE.
UM, YOU KNOW, DALLAS RESIDENT.
MY BACKGROUND IS, UH, IN SINGLE FAMILY AND COMMERCIAL REAL ESTATE.
I DID ASSET MANAGEMENT FOR INVITATION HOMES FOR ABOUT A YEAR AND A HALF, AND CURRENTLY WITH PRUDENTIAL FINANCIAL, UM, AT THEIR SUBSIDIARY, DOING A REAL ESTATE LOAN SERVICING AS AN OPERATION SPECIALIST.
THANK YOU FOR JOINING US TODAY.
CAN YOU GUYS HEAR ME? YES, WE CAN.
UH, STEVEN BRADLEY, DISTRICT FOUR.
UH, MY BACKGROUND IS IN HOUSING AND COMMUNITY DEVELOPMENT AS WELL AS HOMELESSNESS.
UH, I RECENTLY WORKED FOR FANNIE MAE, AND WE WERE THE ORIGINAL GROUP THAT HEADED UP THE BUILDING OF THE BRIDGE.
SO, UH, I'VE BEEN INVOLVED IN BOTH HOUSING AND, UH, HOMELESSNESS FOR PROBABLY THE LAST 25 YEARS.
YOU'RE IN THE RIGHT PLACE, SIR.
UH, I KNOW THAT THERE MIGHT HAVE BEEN A, AN RECENT APPOINTEE FOR DISTRICT 10.
DO WE KNOW WHO THAT IS? AND DO WE HAVE ANYBODY ELSE ONLINE? NO.
SO A COUPLE OF QUICK HOUSEKEEPING WHEN WE GET STARTED.
UH, WE ARE GONNA, UH, FOLLOW OUR RULES, UH, AND THEREFORE I NEED A VICE CHAIR AND I, COMMISSIONER BLAIR CHAIR PLACED.
I GET A MOTION TO, UH, FOR COMMISSIONER BLA, VICE CHAIR.
THANK YOU SO MUCH, MR. THANK YOU.
UH, SO THIS IS THE, THE FORMAT THAT WE'RE GONNA FOLLOW IS STAFF IS GONNA DO THE PRESENTATIONS.
UH, WE'RE GONNA LET THEM COMPLETE THE PRESENTATION BEFORE WE GET THE QUESTIONS.
UH, BUT IF YOU HAVE A QUESTION DURING THE PRESENTATION, JUST KIND OF FLATTEN ME DOWN AND I'LL, I'LL KEEP A LIST ONCE THE PRESENTATION IS DONE, THEN I'LL START RIGHT OFF THE TOP OF THE LIST AND WE'LL GO, WE'LL GO RIGHT TO QUESTIONS.
AND ALSO, UH, WHEN POSSIBLE, AND I HOPE THAT WE CAN DO THIS
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AT ALL OUR MEETINGS, WE'RE GONNA TRY TO SHOW OFF THE LAST, THE LAST PORTION OF OUR MEETINGS TO TAKE PUBLIC INPUT.UH, WE MIGHT NOT HAVE TIME TODAY.
UH, JUST TO PULL THE BELL BACK A LITTLE BIT, ORIGINALLY THIS WAS, THIS WAS GONNA BE AN HOUR AND A HALF FOR US HERE.
THAT WILL VERY GRACIOUSLY, UH, UH, PREPARED FOR AN HOUR AND A HALF PROBABLY.
SO THAT BEEN SHAPED BACK TO IT, OF COURSE.
SO JUST BE A LITTLE SHORT OFF TIME, BUT IT'LL BE A GOOD INTRODUCTION.
UH, AND WITH THAT, WE'LL START WITH OUR ECONOMIC DEVELOPMENT FOLKS.
KEVIN, WHERE WOULD YOU LIKE ME TO STAND? I THINK FINE.
I AM THE ASSISTANT DIRECTOR IN THE OFFICE, ECONOMIC DEVELOPMENT IN, UH, THIS EVENING, EVENING FOR ROBIN BENLEY, WHO IS OUR DIRECTOR.
SHE'S BEEN IN NEW YORK ALL WEEK ON RECRUIT TRIP.
UM, I'D ALSO LIKE OUR OTHER TWO ASSISTANT DIRECTORS TO INTRODUCE THEMSELVES QUICKLY.
HI, I'M, I'M ASSISTANT DIRECTOR OF OUR BUSINESS AND COMMUNITY DEVELOPMENT, MARIA SMITH, INTERIM ASSISTANT DIRECTOR OF REFINANCE AND COMPLIANCE.
CAN YOU, CAN YOU SEE THE PRESENTATION THAT DATE? HUH? IT'S ABOUT THAT DATE.
EVERYONE DOES HAVE PAPER COPY.
SO THIS IS ABOUT 10 SLIDES, BUT, UM, IN THE ANSWER SOME TIME WE'LL BE BRIEF, UM, AND WE'LL LEAVE THE DETAIL QUESTIONS AFTER OR EVEN INTO THE NEXT SESSION.
SO, UH, WE'LL START ON SLIDE THREE.
JUST A REAL QUICK OVERVIEW OF WHAT WE DO AS AN OFFICE.
OUR BASIC GOAL IS CREATION OF JOBS AND INCREASING THE TAX BASE BY STIMULATING INVESTMENT IN TRADE, THAT THE MARKET IS NOT, UH, INVESTING ON A OWN.
UM, IF WE'RE SUCCESSFUL, WE'RE GONNA HELP PROVE A MARKET IN A SUB SUBMARKET OF THE CITY, AND WE'RE GONNA HELP CHANGE PERCEPTIONS ABOUT THAT MARKET.
UM, I'M A RECOVERING URBAN PLANNER.
UH, ROBIN, OUR DIRECTOR, IS THE RECOVERING ATTORNEY.
UM, MOST OF US ARE CERTIFIED PROFESSIONALS IN ECONOMIC DEVELOPMENT, FINANCE, HOUSING DEVELOPMENT, FINANCE, AND OTHER, UH, PROFESSIONAL CERTIFICATIONS.
UM, SO WE TAKE OUR JOB VERY SERIOUSLY.
UM, SO OUR OFFICE IS SPLITTING THE THREE PARTS, THE THREE FUNCTIONS.
CATALYTIC DEVELOPMENT IS, UH, PRIMARILY DOING COMMERCIAL AND MIXED USE, REAL ESTATE DEVELOPMENT FACILITATION, CITYWIDE BUSINESS AND COMMUNITY DEVELOPMENT IS ATTRACTING NEW BUSINESS TO, TO THE CITY.
ALSO TO SOME DEGREE DOING RETENTION, TRYING TO HELP EXISTING BUSINESSES GROW IN THE CITY.
THE COMMUNITY DEVELOPMENT PART OF THAT FUNCTION IS NEW FOR US.
IT'S, AND WE'LL, WE'LL GET INTO THE, OUR NEW POLICY AND OUR NEW, UH, UH, STRATEGIC PLANNING EFFORTS, BUT WE HAVEN'T DONE COMMUNITY DEVELOPMENT BEFORE.
THIS IS NEW FOR US, AND WE HAVE A NEW PROGRAM.
THE THIRD PART OF OUR OFFICE IS, IS THE BACK OFFICE, THE ADMIN, THE FINANCE, THE COMPLIANCE THAT BEREA HANDLES.
UM, THEY'RE DOING ALL OF OUR BUDGETING, ALL OF OUR ACCOUNTING, ALL OF OUR COMPLIANCE ON ALL OF OUR GIANT PORTFOLIO OF DEVELOPMENT AGREEMENTS.
UH, THEY ALSO MANAGE PUBLIC IMPROVEMENT DISTRICTS.
WE HAVE 14 OF THEM THROUGHOUT THE CITY.
SO THAT'S KIND OF HOW WE'RE SET UP.
WE HAVE 25 POSITIONS THAT ARE FUNDED, AND THAT EQUALS ABOUT 39 FTE, BUT WE ONLY HAVE 32 OF THOSE POSITIONS FILLED.
AND THAT'S A CONVERSATION FROM THE OTHER TIMES.
UM, OUR, OUR MAIN TOOLS IN THE TOOLBOX ARE TAX FINANCE OR TIPS OR CHARGES, AS SOME PEOPLE CALL THEM.
UM, AND NEGOTIATED TAX ABATEMENTS, GRANTS AND LOANS.
WE ALSO HAVE SEVERAL SORT OF UNIQUE PROGRAMS, UM, THAT WE'LL PROBABLY HAVE TIME TO GET INTO AT THE NEXT MEETING.
BUT STUFF LIKE NEW MARKETS, TAX CREDITS, PROPERTY ASSESS, CLEAN ENERGY.
UM, WE ALSO HAVE A NEW, UH, COMMUNITY DEVELOPMENT PROGRAM, CHAPTER 3 73 OF THE LOCAL GOVERNMENT CODE AND SOME OTHER NEW TOOLS IN THE TOOLBOX THAT I'LL GET INTO.
SO IN MAY OF 21, AFTER ABOUT THREE YEARS OF WORK, UH, THE CITY COUNCIL APPROVED A NEW ECONOMIC DEVELOPMENT POLICY.
IT'S REALLY A STRATEGIC PLAN FOR THE NEXT 10 YEARS.
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2022 TO 2032.AS ITS TIME HORIZON, IT SETS OUT CLEAR POLICY GOALS THAT RELATE TO OUR EFFORTS TO SUPPORT JOB GROWTH, CREATE TAX REVENUE, AND ATTRACT AND RETAIN BUSINESSES.
BUT IT DOES EXPLICITLY PRIORITIZE EQUITABLE ECONOMIC DEVELOPMENT THAT'S FOCUSED ON ECONOMIC GROWTH AND SOCIAL PROGRESS AND SHARED PROSPERITY FOR ALL RESIDENTS, INCLUDING HIGH QUALITY JOBS.
SO WE'LL TALK ABOUT, UM, WHAT QUALITY JOBS MEAN IN TERMS OF WAGES INVESTMENT IN SOUTHERN DALLAS AND OTHER DISTRESSED AREAS OF THE CITY THAT HAVE HISTORICALLY, UH, SUFFERED FROM A LACK OF INVESTMENT AND RACIALLY EQUITABLE PARTICIPATION IN THE ECONOMY, INCLUDING WEALTH BUILDING OP OPPORTUNITIES THROUGH HOME OWNERSHIP.
SO WE ARE ECONOMIC DEVELOPMENT, BUT WE DO DABBLE IN HOUSING AND WE'LL, WE CAN TALK ABOUT THAT AS WELL.
SO THREE MONTHS AGO, THE CITY COUNCIL APPROVED OUR NEW ECONOMIC DEVELOPMENT INCENTIVE POLICY.
SO WE, FOR 25 YEARS, WE OPERATED UNDER, UH, A POLICY NOTE OF PUBLIC PRIVATE PARTNERSHIP PROGRAM.
AND FOR ABOUT 20 OF THOSE YEARS, IT HAD DIFFERENT CRITERIA SET UP FOR NORTHERN DALLAS, SOUTHERN DALLAS, AND THE DOWNTOWN CB.
AND IN 2017, THE CITY COUNCIL, UH, VOTED TO CHANGE THE CRITERIA THAT GOVERNED THAT PROGRAM, UM, AND SORT OF MOVED TOWARDS, UH, CRITERIA THAT WERE GOVERNED BASED ON TARGETED AREAS AND NON-TARGETED AREAS, LEVELS OF POVERTY, CONSENSUS CLOCK GROUPS, UH, AND THEN OTHER SORT OF, UH, CATALYTIC THINGS THAT WERE GROWING OUT OF.
THE MAYOR AT THE TIME HAD THE NEIGHBOR UP THE NEIGHBORHOOD PLUS INITIATIVES, SOMETHING YOU MAY WERE A PART OF FOR A WHILE THERE.
UM, BUT IN 2023, WE HAVE A NEW POLICY AND SOME OF THE TOOLS IN THE TOOLBOX GOVERNING, GOVERNED BY THAT POLICY ARE THE SAME.
THEY'VE BEEN REFINED, THEY'VE BEEN PLEAD, BUT WE ALSO HAVE SEVERAL NEW PROGRAMS BASED ON THIS POLICY.
AND SO ON THE, ON THE SLIDE, YOU CAN SEE THE TARGETED AREAS MAP.
UM, SO WE'RE DIRECTING CERTAIN PROGRAMS AND TOOLS TO THESE TARGETED AREAS.
AND THOSE TARGETED AREAS ALSO ALIGN WITH STATES KNOWN AS ENTERPRISE ZONES.
UM, AND THOSE ARE BASED ON THE 2020 CENSUS.
AND THOSE ARE BLOCK GROUPS THAT HAVE A POVERTY RATE ABOVE 20%.
SO, LIKE I SAID, THE POLICY DOES, UH, HAS RESULTED IN THE REFINEMENT OF EXISTING TOOLS LIKE TAX ABATEMENTS, LIKE ECONOMIC DEVELOPMENT LOANS AND GRANTS.
BUT WE'VE ADDED SEVERAL NEW TOOLS TO THE TOOLBOX, INCLUDING A COMMUNITY DEVELOPMENT PROGRAM AS OF RIGHT TAX ABATEMENTS IN TARGETED AREAS, A PRE-DEVELOPMENT ASSISTANCE PROGRAM FOR CERTIFIED MINORITY AND WOMEN OWNED, UH, DEVELOPERS AND FOR, UH, COMMUNITY DEVELOPERS.
AND THEN AN INFRASTRUCTURE INVESTMENT FUND.
SO LET'S DIVE INTO SORT OF THE PAST.
HOW, HOW WERE THE PAST BOND PROGRAMS USED FOR ECONOMIC DEVELOPMENT PURPOSES? YOU CAN SEE ON THIS CHART? UM, WELL, I MEAN, WE'VE HAD BOND PROGRAMS DATING BACK IN THE NINETIES, BUT, UH, THE CHART ONLY HAS THE LAST THREE.
SO YOU'LL SEE IN 2006, 2012 AND 2017, EVERY PROPOSITION FOR ECONOMIC DEVELOPMENT HAS BEEN SHARED WITH THE HOUSING DEPARTMENT.
WE'VE NEVER HAD OUR OWN PROPOSITION.
IN 2006, THE PURPOSE OR THE, THE LANGUAGE OF THE PROPOSITION WAS FOCUSED ON ANYTHING IN THE SOUTHERN PART OF THE CITY AND ANYTHING THAT WAS CONSIDERED A TD AREA.
IT WAS A TOTAL OF 41.495 MILLION FOR THAT PROPOSITION.
EIGHT IN 2006, AND THEN IT WAS SPLIT.
AND THAT SPLIT WAS NEVER SOMETHING THAT THE VOTERS SAW.
IT'S NOT IN THE PROPOSITION, IT'S AN INTERNAL ADMINISTRATIVE SPLIT.
SO WE, WE, THE HOU, UH, WE, THE ECONOMIC DEVELOPMENT OFFICE GOT 29 MILLION 4 95, AND THE HOUSING DEPARTMENT GOT 20, MOST OF THAT 29, 4 95 IN 2006 WAS AN INTERNAL EARMARK FOR THE INTERNATIONAL END REPORT.
SO, AND I'LL GET INTO SOME OTHER, UH, EXAMPLES OF EARMARKS, BUT 2012 PROPOSITION THREE ABOUT THE EXACT SAME LANGUAGE AND THE
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PROPOSITION, UH, WE COULD USE FUNDS IN THE SOUTHERN PART OF THE CITY AND TD AREAS WAS A TOTAL 55 MILLION, THAT PROPOSITION, AND IT WAS SPLIT 35 MILLION TO ECONOMIC DEVELOPMENT IN 20 HOUSING.BUT THAT 35 MILLION IN 2012 HAD 15 MILLION INTERNAL EARMARKS, 5 MILLION FOR THE UNIVERSITY DALLAS AREA, AND 10 MILLION FOR THE AREA KNOWN AS THE CANYON, WHICH IS NEAR PINNACLE PARK AND WEST MORLAND COLORADO, WEST MORLIN AREA.
UM, SO IN 26, 2006, 2012, ECONOMIC DEVELOPMENT PRETTY MUCH HAD 20 MILLION AND SO THOUSAND IN 2017, THINGS WERE DONE A LITTLE BIT DIFFERENTLY.
SO UNDER CITY MANAGER, TC BROADNAX, UM, THERE WAS A TOTAL OF 55.4 MILLION IN THE PROPOSITION ALSO SHARED BETWEEN ECONOMIC DEVELOPMENT HOUSING.
BUT THE PURPOSE OF THOSE FUNDS WAS DIFFERENT.
THEY WERE DISCRETIONARY ALLOCATIONS ACROSS ONLY 11 CITY COUNCIL DISTRICTS.
AND THEN THE MAYOR ALSO HAD AN ALLOCATION.
SO WE HAVE 14 COUNCIL DISTRICTS AND THE MAYOR, BUT WE ONLY HAD 11 ALLOCATIONS.
THAT'S BECAUSE CERTAIN COUNCIL DISTRICTS AT THE TIME DID NOT SEE THE NEED TO REQUEST AN ALLOCATION.
THEY DIDN'T THINK THEIR DISTRICT NEEDED IT.
SO, UM, PART OF THE DISCRETIONARY ALLOCATION PROCESS FOR US, AGAIN, IS, AND THERE WAS NO INTERNAL ALLOCATION, NO SPLIT, LIKE THERE HAD BEEN IN THE TWO PREVIOUS BOND PROGRAMS. SO WE FOUND OURSELVES IN 2017 IN SORT OF A COMPETITION WITH THE HOUSING DEPARTMENT AND THEY DIABETES LAUGHTER.
SO, AND WE'LL GET INTO THIS, THIS IS PART OF WHAT OUR RECOMMENDATIONS MOVING FORWARD IS.
IT'S BEEN, IT'S BEEN A CHALLENGE, FRANKLY.
UM, SO NOW I'LL GO BACK TO THE INLAND FOUR AND WHY, WHY THESE PROGRAMS HAD EARMARKS OR WHY THE PROPOSITIONS HAD INTERNAL EARMARKS TO BEGIN WITH.
SO YOU GO ALL THE WAY BACK TO LIKE THE EARLY MID NINETIES WHEN THE, THE ILAND COURT STARTED TO BE A THING THAT WAS BEING TALKED ABOUT PUBLICLY, WAS BEING PLANNED FOR, UM, WAS BEING POLITICALLY ORGANIZED FOR.
AND THEN LET'S FAST FORWARD TO TODAY.
IT'S CROSSED, IT CROSSED OVER FIVE CITIES.
OUR PORTION OF THE CITY OF DALLAS PORTION IS TINY.
IT'S 2,500 ACRES OUT OF 76,000.
AND THE PLANNING OF THAT STARTED TO LAY THE GROUNDWORK IN THE EARLY TWO THOUSANDS FOR THE NEED FOR THE SPINE INFRASTRUCTURE.
IT HAD ALL BEEN FARMLAND AND THERE'S, THERE WAS NOTHING OUT THERE 25 YEARS AGO.
SO IT STARTING A 2003 BOND PROGRAM.
AND THEN AGAIN, A 2006 BOND PROGRAM, WE STARTED TO PUT EARMARKS IN THOSE PROGRAMS JUST FOR SPINE INFRASTRUCTURE.
SO THAT'S GET BASIC ROADS TO ACCESS THE AREA, GET BASIC WATER AND SEWER THAT CAN PROVIDE THE CAPACITY NECESSARY TO SUPPORT FUTURE DEVELOPMENT FOR THE AREA.
SO WE PUT IN 40 MILLION OF, OF BOND FUNDED INFRASTRUCTURE THROUGH THE ECONOMIC DEVELOPMENT OFFICE AND ALSO THROUGH BELLS WATER UTILITIES, FRANKLY HAVE THEIR OWN INTERNAL EARMARK AND THEIR PROPOSITION.
UH, BUT THROUGH 40 MILLION OF INVESTMENT IN INFRASTRUCTURE IN THE INTERNATIONAL END OF THE PORT, WE NOW HAVE A TOTAL FOR 40 MILLION SQUARE FEET OF DEVELOPMENT THAT'S EITHER BUILT OR UNDER CONSTRUCTION, MORE THAN 110 EMPLOYERS THAT WEREN'T THERE 20 YEARS AGO.
14 MILLION OF THAT 40 MILLION IN THE CITY OF DALLAS, THAT'S LIGHT INDUSTRIAL, THAT'S LOGISTICS, THAT'S E-COMMERCE AND WAREHOUSING.
AND THE RETURN ON THE CITY'S INVESTMENT FROM A TAX BASE IS PRETTY PHENOMENAL.
25 YEARS AGO, THE LAND OUT THERE WAS LESS THAN 20 MILLION IN TAXABLE VALUE.
IT WAS GENERATING NOTHING FOR THE CITY.
AND THIS IS AN EXAMPLE THAT WE CAN REP, WE CAN WE'LL SHOW YOU IN FUTURE MEETINGS THAT WE, WE HAVE THE HISTORY OF DOING THIS PINNACLE PARK, MOUNTAIN CREEK BUSINESS
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PARK.THERE'S SEVERAL BUSINESS PARKS IN SOUTHERN DALLAS THAT WEREN'T THERE 20 YEARS AGO.
AND THOSE WERE ALL INTENTIONAL, PLANNED FOR, AND HAD INVESTMENTS EARMARKED IN BOND PROGRAMS TO SUPPORT THEM.
SO IN 2017, PROPOSITION I WAS THE ECONOMIC DEVELOPMENT HOUSING PROPOSITION.
THIS IS THE ACTUAL LANGUAGE ON THE SLIDE.
IT ALLOWED FOR DIRECT INVESTMENT IN PUBLIC INFRASTRUCTURE AND FACILITIES THAT PROMOTE ECONOMIC DEVELOPMENT THROUGH THE PLANNING, DESIGNING, INSTRUCTING, IMPROVING, EXTENDING, AND EXPANDING ON THE STREETS, UTILITIES AND OTHER INFRASTRUCTURE FACILITIES, INCLUDING THE ACQUISITION OF LAND.
SO IN SOME INSTANCES, WE, THE ECONOMIC HOME OFFICE AND THE HOUSING DEPARTMENT, WE CAN, WE CAN STEER THESE FUNDS DIRECTLY INTO PROJECTS THAT RESULT IN ROADS AND WATER AND SEWER AND STORM WATER BEING DESIGNED, CONSTRUCTED AND INSTALLED.
THE SECOND PART OF THIS PROPOSITION IS LANGUAGE THAT GIVES US THE ABILITY TO DO LEVERAGE INVESTMENT.
AND THAT'S THROUGH OUR OWN ECONOMIC DEVELOPMENT PROGRAMS. SO THIS IS THE WAY THAT WE DO GRANTS WITH BOND FUNDS, AND WE DO A LOT OF THEM AND GRANTS HAVE CONDITION ARE CONDITIONAL.
THEY'RE NEVER FUNDED ON AT THE FRONT END OF A PROJECT.
UM, THEY HAVE LOTS AND LOTS OF REQUIREMENTS THAT, UM, FORCE THE PRIVATE OWNER OR DEVELOPER TO PERFORM LOTS AND LOTS OF OBLIGATIONS BEFORE THEY EVER SEE A DIME.
BUT A BIG PART OF WHAT WE DO IS ENCOURAGE NEW ECONOMIC DEVELOPMENT IN REAL ESTATE AND BUSINESS DEVELOPMENT WITH BOND FUNDS THAT WE DEPLOY THROUGH GRANT AGREEMENTS.
UM, SO FOR THIS NEXT BOND PROGRAM, WE'RE ANTICIPATING WE'D LIKE TO START FROM THIS POSITION.
IT'S FLEXIBLE, BUT WE, WE THINK, I THINK FROM THE CITY MANAGER'S, VERY INITIAL RECOMMENDATION IS TO HAVE SEPARATE PROPOSITIONS FOR ECONOMIC DEVELOPMENT HOUSING THIS YEAR AND NOT TO HAVE TO COMPETE WITH ONE ANOTHER INTERNALLY FOR BOND FUNDS.
I THINK THE INITIAL THINKING COMING OUTTA THE CITY MANAGER'S OFFICE, IT MAY NOT BE IN ANY OF THESE SLIDES, AND I THOUGHT IT WAS GONNA BE IN THE FIRST SESSION, IS FOR US A HUNDRED MILLION PROPOSITION, 5 MILLION OF DISCRETIONARY ALLOCATION ACROSS ALL 15, BOTH
UM, SO THAT'LL BE 5 MILLION FOR COUNCIL DISTRICTS AND FIVE FOR THE MAYOR WITH, THAT'S TOTAL 75.
AND THEN THE OTHER 25 WOULD BE WHAT WE WOULD USE AS THE OFFICE OF ECONOMIC DEVELOPMENT TO DEPLOY IN ANY PARTICULAR AREA WHERE WE THINK A SIGNIFICANT INVESTMENT IS NEEDED.
SO THAT'S WHERE WE'RE STARTING FROM.
THAT'S THE, THAT'S THE INTERNAL THINKING THUS FAR.
SO YOU HEARD IN THE FIRST SESSION A LOT ABOUT WHAT THE INFRASTRUCTURE DEPARTMENTS ARE DOING, THAT THERE'S SOMETHING CALLED THE NEEDS INVENTORY, WHICH IS A JOB LIST OF STUFF THAT COSTS MONEY AND NEEDS TO GET DONE AND THEY EXPORT IT BASED ON ENGINEERING CRITERIA AND TECHNICAL THINGS.
WELL, WE DON'T HAVE THAT AND NEITHER DOES THE HOUSING DEPARTMENT REALLY AND NEITHER DOES ALMOST SOLUTIONS REALLY.
SO WHAT WE DO, WE DON'T KNOW WHAT OUR PROJECTS ARE ADVANCED WITH THE BOND PROFIT AND WE DON'T SCORE THINGS AGAINST EACH OTHER.
ALL WE DO IS, UM, CREATE FLEXIBILITY TO BE ABLE TO REACT.
SO WE NEED BOND FUNDS TO BE ABLE TO CAPITALIZE ON MOMENTS OF OPPORTUNITY AS THEY ARISE.
AND WE'RE CONSTANTLY MARKETING THE CITY.
WE'RE CONSTANTLY NEGOTIATING WITH PROPERTY OWNERS AND POTENTIAL BUSINESSES AND DEVELOPERS, AND WE JUST NEED THE BOND FUNDS TO BE ABLE TO, TO CLOSE THE DEAL AND GET IT APPROVED BY CITY COUNCIL ON AN INDIVIDUAL PROJECT BY PROJECT BASIS.
AND WE DON'T KNOW WHAT THOSE ARE, YOU KNOW, FOUR YEARS IN
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ADVANCE, BUT WE'LL, IN THE NEXT MEETING WE'LL SHOW YOU LOTS OF PAST PROJECTS AND HOW, HOW WELL THEY'VE WORKED.SOME HAVEN'T WORKED SO WELL, BUT THIS IS SORT OF THE CRITERIA THAT WE USE.
AND WE EVALUATE THE PROJECTS WHERE WE, WE WILL BE USING BOND FUNDS.
UM, SO WE START WITH OUR ECONOMIC BILL POLICY AND WHETHER THE PROJECT ALIGNS WITH THAT.
AND THEN WE HAVE TO LOOK AT THE PROPOSITION LANGUAGE.
A LOT OF TIMES IT'S NOT CLEAR WHETHER WHAT, UH, AN OUTSIDE PARTY WHO'S PROPOSING TO DO IS ACTUALLY LEGAL UNDER THE PROPOSITION CUZ WHAT THE VOTERS APPROVE, WHAT THE VOTERS APPROVE.
THEN WE LOOK AT THE STATE LAWS THAT ENABLE OUR PROGRAMS. CHAPTER 80 OF THE TEXAS LOCAL GOVERNMENT CODE IS THE ECONOMIC DEVELOPMENT, UH, LOANS AND GRANTS, UH, ENABLING STATUTE.
AND SO WE HAVE A PROGRAM, UH, AND WE HAVE TO MAKE SURE THAT ANYTHING WE'RE DOING PURSUANT TO THAT PROGRAM IS LEGAL AND FOLLOWS THE PROGRAM THAT FOLLOWS STATE LAW.
SAME WITH OUR NEW COMMUNITY DEVELOPMENT PROGRAM UNDER CHAPTERS 3 73, WE'VE JUST CREATED THIS AND OUR, WE HAVE A PROGRAM.
SO ANY PROJECTS THAT WE ENTERTAIN THROUGH AN APPLICATION PROCESS HAS TO ALIGN WITH THE PROGRAM.
AND WE'RE LOOKING CONSTANTLY FOR WAYS TO, AGAIN, LEVERAGE INVESTMENT, BOTH DIRECT AND INDIRECT PRIVATE INVESTMENT AND ANYTHING THAT'S NOT CITY MONEY.
SO SOMETIMES WE USE FUNDS TO LEVERAGE ANOTHER GOVERNMENTAL LIMIT.
IS THE STATE GONNA PUT IN FUNDS? IS THE CO PUT IN FUNDS IS WHOEVER, YOU KNOW, PRIVATE PHILANTHROPY.
WE'LL DO A DEAL WITH ANYBODY AS LONG AS OUR MONEY IS FURTHER LEVERAGING OUTSIDE MONEY.
AND THAT'S WHAT YOU HEARD IN THE OPENING SESSION AS WELL.
AND SO WE'RE LOOKING FOR EVALUATING PROJECTS TO SEE IF THEY MAXIMIZE PUBLIC BENEFIT, BOTH FINANCIAL, PUBLIC BENEFITS AND LOTS OF SOCIAL THINGS THAT ARE BUILT INTO OUR PROGRAMS. AND WE'LL GET INTO THOSE DETAILS IN THE, IN THE NEXT MEETING.
AND THEN LASTLY, WE ALSO DO A HEAVY LIFT ON FISCAL IMPACT ANALYSIS FOR BUSINESS AND COMMUNITY DEVELOPMENT PROJECTS.
AND THAT'S REALLY AN ANALYSIS OF THE COST AND BENEFITS TO THE CITY.
AND WE ALSO, FOR REAL ESTATE DEVELOPMENT, WE UNDERWRITE OUR OWN PROJECTS AND WE ACTUALLY HAVE AN OUTSIDE CONTRACT THAT HELPS US DO THAT AS WELL.
BUT WE DON'T FUND REAL ESTATE DEALS UNLESS THEY ACTUALLY HAVE A CAP.
AND THIS WILL BE MY FINAL POINT.
SO BECAUSE WE DON'T HAVE A NEEDS INVENTORY, THERE'S REALLY A A REASON FOR US TO DRIVE AROUND TOWN AND SHOW YOU AREAS THAT WE THINK ARE GOING BE NEEDING MON FUNDS IN THE FUTURE.
WE'RE GONNA GIVE YOU A LIST AND WE CAN TALK TO THE CALS HOME ABOUT WHY WE THINK THOSE AREAS NEED TO BE, UM, AND WILL LIKELY BE TRANSFORMATIVE TO THE CITY WITH THE HEALTH OF BOND FUNDS.
BUT WE DON'T HAVE ANY NEEDS INVENTORY.
UM, AT THE NEXT MEETING, I THINK IF, IF WE'RE THE ONES THAT WILL DO THE DE THE DEEP DIVE AT THE NEXT MEETING, WE'RE GONNA PROVIDE A DETAILED BRIEFING THAT'S GONNA GO INTO ALL OF THESE THINGS, PAST SUCCESSES ON PROJECTS, LESSONS LEARNED ON PROJECTS, RECOMMENDATIONS ON HOW TO IMPROVE THE BOTH THE PROPOSITION, THE ALLOCATION WITHIN THE PROPOSITION.
UM, AND THEN WE'RE GONNA GIVE YOU THE BAD NEWS, WHICH IS THERE'S A LIMITED WAY THAT THE CITY CAN LEGALLY DEPLOY BOND FUNDS.
OH, BOND FUNDS CANNOT NOT BE USED FOR, AND THIS IS WHAT JENNIFER WAS DESCRIBING IN THE FIRST SESSION.
UH, NO OPERATING EXPENSES, NO MAINTENANCE, ONLY CAPITALIZED COSTS.
UM, WE'LL TALK ABOUT GEOGRAPHIES OF INTEREST AND THAT BY THAT WE MEAN AREAS OF TRANSFORMATION.
THINGS THAT WE KNOW WILL LIKELY NEED A REALLY BIG AMOUNT OF INFRASTRUCTURE.
AS MS. BLAIR KNOWS, YOU KNOW, THE UT DALLAS AREA IS AN OBVIOUS TARGET OF MEAT.
HENSLEY FIELD IS AN OBVIOUS TARGET OF MEAT.
AND THESE ARE NOT SMALL NEEDS.
HENSLEY FIELD NEEDS $150 MILLION TO GET GOING.
UT DALLAS NEEDS 50 TO 75 MILLION TO GET GOING.
UM, THERE'S EVEN THINGS IN NORTH DALLAS THAT HAVE CITYWIDE BENEFIT AND IMPACTS FOR THE REST OF THE
[00:35:01]
CITY.THE INTERNATIONAL DISTRICT NEAR THE GALLERIA MEANS ABOUT 40 MILLION TO GET GOING.
YES, THERE ARE TIFF DISTRICTS IN SOME OF THESE AREAS.
THE TIFF DISTRICTS IS NOT CASH.
THERE'S DEVELOPMENT THAT'S GENERATED NEW TAXES.
AND A LOT OF THESE AREAS NEED INFRASTRUCTURE AT THE VERY BIG BEGINNING RIGHT AT THE FRONT END IN ORDER TO PRIME THE PUMP AND MAKE LAND DEVELOPABLE.
SO WE'VE GOT 5, 6, 7, 8 OF THESE AREAS THAT COULD BE TRANSFORMATIVE FROM THE CITY, BUT WE DON'T HAVE THE FUNDS FOR INFRASTRUCTURE.
I THINK WE HAD THE GOING HERE.
I JUST HAVE ONE, UM, ONE CLARIFICATION.
SO, UM, KEVIN, THIS, YOU SAID THIS IS THE LANGUAGE THAT WAS ON THE BALLOT? YES.
THAT DIFFERS FROM, THAT DIFFERS FROM WHAT WAS ACTUALLY, OR WHAT THE, UM, SAMPLE AMOUNT WAS FOR
SO I, I WAS JUST, I WANTED TO MAKE SURE, CAUSE YOU TALKED A LOT ABOUT, UM, THE LANGUAGE ON PROP THAT SOUNDED LIKE IN YOUR MIND THAT WAS A DISADVANTAGE.
SO I JUST WANNA MAKE SURE THAT WE'RE COMPARING APPLE.
APPLE, THIS I CUT THE MEAT FORWARDS AND PAST THEM HERE.
THERE MIGHT, IT DOESN'T MATCH EXACTLY 90, PROBABLY 5%, CORRECT? NO.
UH, ARE THERE ANY LESSONS LEARNED, UM, THE 2017 BOND PROGRAM? I KNOW THAT, YOU KNOW, WE PLAN AND HOPE EVERYTHING GOES PERFECT, BUT EVERYTHING DOESN'T ALWAYS GO PERFECT.
BUT ARE THERE ANY LESSONS LEARNED FROM THE 2017 BOND PROGRAM INTO THE 24 PRO PROPOSED BOND PROGRAM? PROBABLY YOU CAN TALK ABOUT THIS FOR TWO HOURS.
I MEAN, THE 32ND VERSION IS THE, THE, THE COUNCIL DISTRICT DISCRETIONARY.
UM, PART OF IT HAS BEEN DIFFICULT, UH, BECAUSE WE'RE, WE'RE HAVING TO NEGOTIATE, UH, A DEVELOPMENT AGREEMENT AND THE TERMS OF THE DEAL TO GET A PROJECT GOING.
UM, AND WE'RE NOT A HUNDRED PERCENT SURE THAT WE HAVE THE PHONES AVAILABLE TO DO THAT UNTIL THE COUNCIL MEMBER REPRESENTING THAT DISTRICT GREEN LIGHTS AND COMMENCES THOSE FUNDS.
SO THAT HAS BEEN A FUNDAMENTAL ISSUE FOR US WITH, WITH THE PROP FIVE OF 2017.
WE'LL JUST, UH, WE'LL MOVE ON.
THANK YOU VERY MUCH, MR. UM, THAT ALRIGHT? WE WE'RE CUTTING YOU SHORT ON TIME.
I, I, I UNDERSTAND AND I'M ON WHAT OUR, UH, I'M GONNA TAKE THAT AN ABBREVIATED APPROACH.
SO, UM, YOU HAVE 20 MINUTES, MAYBE 12 MINUTES BECAUSE WE GOTTA GET TO EIGHT TO HOME.
I, I DON'T KNOW IF WE'RE GONNA GET THERE.
ALRIGHT, SO, UM, NO PRESSURE, NO PRESSURE.
I SERVE AS DIRECTOR OF HOUSING AND NEIGHBORHOOD REVITALIZATION.
I'VE BEEN WITH THE CITY NOW ALMOST SIX YEARS, UM, IN THIS ROLE.
UM, I HAVE MY THREE ASSISTANT DIRECTORS WITH US.
I'LL HAVE EACH OF THEM JUST SAY WHO THEY ARE AND WHAT THEY OVERSEE.
I'M THE, UH, NEW ASSISTANT DIRECTOR.
SO I OVERSEE OPERATIONS AND PRODUCTION FOR OUR HOUSING DEPARTMENT.
HI, I'M FOR HARRISON, ASSISTANT DIRECTOR.
I OVERSEE NEIGHBORHOOD FINALIZATION, OUR HOME, OUR UPCOMING STRATEGY ASSISTANCE, ASSISTANCE THAT HAVE WORK.
HI, I'M CYNTHIA, ALEX, ASSISTANT DIRECTOR AND I THE ADMIN, BUDGET, FINANCE AND COMPLIANCE.
WE DO, UM, WITH A, WANT TO TAKE YOU OUT ON A TOUR.
WE'VE IDENTIFIED, UM, TWO DATES.
UM, WANTED TO SEE IF YOU HAD A PREFERENCE EITHER SATURDAY, JUNE 3RD OR SATURDAY JUNE 10TH.
UM, WE LAID OUT A TOUR FOR YOU TODAY.
WE EXPECTED TO TAKE ABOUT, UM, FIVE HOURS.
WE'RE LOOKING AT, UM, NINE TO 2:00 PM WANT TO SEE, UM, IF YOU HAD ANY BRIEF THOUGHTS ON THAT OR IF YOU WANNA GET BACK TO US SOMEWHERE.
WELL, LET'S GO AHEAD AND DECIDE.
[00:40:01]
BOTH THAT VOTE FOR HAVE A PFC BOARD TWO.I'M GONNA TRY TO, UM, TAKE A SLIGHTLY, UM, DIFFERENT APPROACH.
UM, WHAT'S ONE, I'M NOT EVEN THERE YET,
SO THAT THE END OF THESE SIX MEETINGS, YOU ARE ABLE TO REALLY MAKE AN INFORMED RECOMMENDATION TO THE COUNCIL ON WHAT YOU SHOULD BE, UH, WHAT THE COUNCIL SHOULD BE DOING AS IT RELATES TO HOUSING AND BOND FUNDS.
NOW, LEMME GIVE YOU A LITTLE BACKGROUND.
THE HOUSING DEPARTMENT LARGELY SERVES AS FINANCIAL ADMINISTRATORS, CASE WORKERS AND POLICIES, POLICY STRATEGISTS.
THE TOOLS THAT WE TYPICALLY WORK WITH, UM, ARE EITHER OUR FEDERAL GRANT FUNDS.
WE GET A LITTLE BIT OF, UM, GENERAL FUNDS.
UM, SOMETIMES WE GET BOND FUNDS.
BUT AS YOU LOOK AT THE PRODUCTION THAT WE'VE HAD JUST IN THE LAST FIVE OR SIX YEARS, IT IS LARGELY BEEN BASED WITH NO FUNDS, RIGHT? UM, WE OPERATE A LAND BANK.
WHEN MAUREEN WAS HERE WITH US, SHE HELPED US STAND UP A LAND TRANSFER PROGRAM.
IN THE LAST TWO AND A HALF, THREE YEARS, WE'VE SOLD OVER 600 LOTS JUST IN THAT LAND TRANSFER PROGRAM.
THAT PROGRAM'S SOLD OUT, RIGHT? AND FOLKS ARE BEGGING US FOR MORE.
UM, OUR LAND BANK PROGRAM SELLS TAX DELINQUENT LOSS.
THAT PROGRAM CANNOT, UM, RECEIVE INVENTORY FAST ENOUGH.
WE, WE, WE ARE AT THE MERCY OF A LINEBARGER TO COMPLETE THE FORECLOSURE PROCESS AND IT TRICKLES IN.
SO AS WE GET INVENTORY, WE'VE GOT 10 APPLICATIONS SAYING I'LL TAKE 'EM ALL.
ESSENTIALLY WE HAVE MIXED INCOME HOUSING DEVELOPMENT BONUS PROGRAM, WHICH IS ESSENTIALLY BARTERING DENSITY BONUSES, EITHER HEIGHT, DENSITY, PARKING IN EXCHANGE FOR AFFORDABILITY.
THAT'S BEEN BY FAR THE LARGEST PRODUCER OF HOUSING UNITS THAT YOU'LL SEE IN OUR PRODUCTION.
WE HAVE THE, I MENTIONED THE, THE, THE FEDERAL GRANTS.
THE OTHER BIG PIECE HAS BEEN TAX CREDITS.
UM, WE OFFER RESOLUTIONS OF SUPPORT, OR NO OBJECTION FOR DEVELOPERS THAT WANT TO GO TO THE STATE AND, UM, REQUEST TAX FINANCING FOR THEIR PROJECTS.
WE, UM, WHAT'S THE LAST, AND THEN WE OFFER TAX INCENTIVES.
SO, SO IT MAY BE A TAX CREDIT PROJECT THAT NEEDS TAX EXEMPTIONS, OR IT MAY BE A PUBLIC FACILITY CORPORATION PROJECT THAT NEEDS TAX EXEMPTIONS.
SO THROUGH THIS COMBINATION OF RESOURCES, THE FEDERAL GRANTS, THE, THE, UM, MIXED INCOME HOUSING DEVELOPMENT S THE LAND, WE'VE GENERATED A PIPELINE OF OVER 16,000 UNITS JUST IN THE, IN THOSE PIECES.
THERE'S A LOT OF CONTROVERSY THAT SURROUNDS HOUSING FOR THOSE OF YOU THAT FOLLOW IT.
UM, DEPENDING ON WHAT WE'RE TRYING TO BUILD AND WHERE WE'RE TRYING TO BUILD IT, YOU'LL SEE FOLKS COME OUT WITH BOXING GLOVES CAUSE THEY DON'T WANT A PARTICULAR TYPE OF HOUSING IN THEIR NEIGHBORHOODS.
AND THE CONVERSATIONS WILL GO IN BIG CIRCLES AS TO WHY NOT.
BUT AT THE END OF THE DAY, UM, AFTER WATER AND SHELTER, HOUSING IS ONE OF THE MOST BASIC NEEDS THAT WE HAVE.
AND IT COMES CLOSEST TO HOME, RIGHT? EACH OF US HAVE TO THINK ABOUT WHAT DO WE, WOULD WE WANT TO LIVE NEXT DOOR TO THAT? WOULD WE LIVE IN THAT UNIT? HOW WILL THAT IMPACT OUR LIVES? HOW WILL THAT IMPACT OUR PROPERTY VALUES? SO AS WE WALK YOU THROUGH, NOT JUST THESE SLIDES, I THINK WE SHARED A SERIES OF, OF OTHER PRESENTATIONS IN THE FUTURE.
UM, THE FUTURE MEETINGS THAT WE HAVE, CAUSE WE'VE GOT FIVE MORE.
[00:45:01]
YOU TO UNDERSTAND THE TOOLS THAT WE CURRENTLY HAVE AT OUR DISPOSAL.HOW YOU USE THOSE TOOLS, RIGHT? THE LIMITATIONS AND THE ADVANTAGES OF THOSE TOOLS.
AND WHERE ROOM FOR SOME INNOVATION, WHERE THERE'S ROOM TO DO SOMETHING DIFFERENT, SOMETHING NEW THAT WE HAVEN'T BEEN DOING YET.
ALL RIGHT? UM, OUR ASSISTANT DIRECTORS SORT OF LAID OUT FOR YOU WHAT THEY DO.
YOU SEE A, A, A, UM, UH, BOARD CHART THAT BREAKS THE DEPARTMENT DOWN INTO THREE ARMS. EACH OF THOSE ARMS ARE HANDLED BY THEM AS, AS, AS DARWIN SAID, THE PRODUCTION COMES UNDER HIS ARM AS STORE SAID, THE REVITALIZATION, NEIGHBORHOOD REVITALIZATION ACTIVITIES, THE STRATEGY APPROACH, APPROACHES THAT WE USE COME UNDER HIS ARM.
SHE PROVIDES US WITH THOSE BUMPERS TO MAKE SURE THAT WE'RE OPERATING WITHIN THE LEGAL FRAMEWORK.
WE'VE GOT A SLIDE HERE THAT LAYS OUT ALL OF THE, UM, THE KEY RESPONSIBILITIES THAT COME UNDER EACH OF THE DIVISIONS THAT WE HAVE.
THERE'S ROUGHLY 60 STAFF THAT, UM, COME INTO THAT FALL UNDER THE DEPARTMENT.
NOW, MOST STAFF ARE PAID FOR WITH THOSE FEDERAL GRANTS.
THE KEY THAT YOU NEED TO KNOW ABOUT THE FEDERAL GRANTS IS UNLESS YOU'RE DOING A PROJECT THAT QUALIFIES FOR THOSE FEDERAL GRANTS, THOSE STAFF CAN'T WORK ON.
SO HAVING GENERAL FUNDS, HAVING NON-GOVERNMENT FUNDS IS CRITICAL TO OUR ABILITY TO DO ANYTHING THAT IS NOT A HOME OR COMMUNITY DEVELOPMENT BLOCK GRANT ACTIVITY.
WE RECENTLY ADDED A FEE AND LIEU COMPONENT TO THE MIXED INCOME HOUSING DEVELOPMENT BONUS PROGRAM.
THAT'S GONNA GIVE US SOME ADDED FLEXIBILITY.
THE CORPORATIONS THAT WE OVERSEE, THE PUBLIC FACILITY CORPORATION, THE, UM, HOUSING FINANCE CORPORATION, EACH GENERATES THEIR OWN REVENUES.
THOSE REVENUES ARE THE REASON WE EVEN HAVE THREE ASSISTANT DIRECTORS, BECAUSE ONE OF THEM IS PAID FOR WITH THE REVENUES GENERATED FROM THAT, RIGHT? SO BY US BEING ABLE TO GENERATE OUR OWN REVENUES, WE CAN CARRY OUT DIFFERENT ACTIVITIES THAT ARE NOT BEHOLDEN TO THE RULES OF THOSE FEDERAL GRANTS.
ALL RIGHT? UM, YOU'LL SEE IN THE NEXT COUPLE SLIDES WE'VE GOT A HOST OF PROGRAMS THAT SERVE HOMEOWNERS.
THE MOST POPULAR ONES ARE OUR HOME REPAIR PROGRAMS. WE ONLY, WE, WE'VE GOT EIGHT OF THEM, AND THEY SERVE VARIATIONS OF HOME REPAIR OF, OF, OF, OF HOMEOWNERS.
THOSE THAT HAVE MINOR NEEDS, THOSE HAVE MAJOR NEEDS.
THOSE THAT NEED THEIR WHOLE HOUSE CORNED DOWN AND REBUILT.
BOTTOM LINE IS, WE DON'T HAVE ENOUGH DOLLARS TO SERVE THEM ALL.
WE OPENED, UM, OUR MAIN PROGRAM ONE DAY A YEAR ON THAT ONE DAY.
IF WE STARTED COLLECTING APPLICATIONS AT 9:00 AM PEOPLE ARE LINED UP AT THREE O'CLOCK IN THE MORNING TO TURN IN AN APPLICATION.
WE'LL COLLECT OVER 650 APPLICATIONS IN ONE DAY AND WE'VE GOT MONEY FOR 50.
SO ACTUALLY RECEIVING, UM, HOME REPAIR, YOU MIGHT AS WELL BE WINNING THE LOTTERY, RIGHT? SO I'M NOT GONNA GO THROUGH ALL OF THESE PROGRAMS, BUT I WANT TO GIVE YOU A FLAVOR FOR WHAT IT IS THAT THEY DO.
ALRIGHT? NOW YOU'RE SHOWING ME THE TIME.
UM, DEVELOPER PROGRAMS. WE'RE EITHER GIVING YOU MONEY THROUGH ONE OF OUR SOURCES OR WE'RE GIVING YOU A DENSITY BONUS, OR WE'RE GIVING YOU, UM, UM, TAX, TAX INCENTIVES.
THE CORPORATIONS ARE REAL CRITICAL TO THE WORK THAT THEY DO.
THEY, THEY ARE, UM, THEY OPERATE OUTSIDE OF THE CITY OF DALLAS, BUT THE HOUSING DEPARTMENT STAFF STAFF THEM AND, AND, AND, AND, AND CARRY OUT THE WORK ON THE BEHALF.
THERE'S A BUDGET SLIDE HERE THAT GIVES YOU A BREAKDOWN OF THE DIFFERENT FUNDS.
A PAGE ON SLIDE NINE THAT ARE AVAILABLE, UM, THAT, THAT WE'RE USING RIGHT NOW.
WE'VE RECENTLY ADDED A, UH, PERFORMANCE REPORT.
HOW, HOW LONG? ABOUT TWO YEARS NOW.
FOR THE LAST TWO YEARS, WE'VE HAD A PERFORMANCE REPORT.
WE'VE PRODUCED IT MONTHLY, AND WE'RE WORKING TOWARDS A LIVE DASHBOARD THAT'LL SHOW YOU HERE'S WHAT WE'VE COMPLETED, HERE'S WHAT'S IN PROGRESS, AND THE STAGE THAT THEY'RE AT FOR ALL TYPES OF UNITS ACROSS DISTRICTS AND OUR MULTIFAMILY SINGLE FAMILY RENTAL FOR SALE AND SO ON.
THIS IS JUST A SUMMARY OF THAT NEXT SLIDE.
MOST RECENTLY, WE'VE ADOPTED A NEW HOUSING POLICY KNOWN AS THE DALLAS HOUSING
[00:50:01]
POLICY 2033.THIS IS INTENDED TO BE A 10 YEAR POLICY WHERE WE'LL CARRY OUT A VARIETY OF ACTIVITIES.
UH, RUNNING THROUGH THIS, UM, GRAPHIC BRIEFLY, JUST TO GIVE YOU A SENSE OF WHAT IT IS ON THE LEFT, WHAT YOU SEE ARE THESE 11 RECOMMENDATIONS THAT CAME OUT OF AN AUDIT.
A RACIAL EQUITY AUDIT OF HOUSING THAT WAS DONE IN 2021.
FROM THOSE RECOMMENDATIONS CAME THE DEVELOPMENT OF A NEW POLICY.
THE NEW POLICY SITS ON SEVEN PILLARS OF HOUSING EQUITY, AS WE CALL.
THAT'S WHAT YOU SEE IN THE, THE YELLOW AREA.
WHAT YOU SAW IN THE GREEN WAS, WAS THE COMMUNITY ENGAGEMENT THAT WENT INTO FIGURING OUT WHAT SHOULD THE POLICY BE FOCUSED ON.
AS YOU WORK YOUR WAY TOWARDS THE CENTER, WHAT YOU SEE IS THE DIFFERENT PLAYERS THAT ARE INVOLVED TO MAKE THIS POLICY MORE THAN JUST WORDS ON PAPER.
RIGHT? KEVIN WAS TALKING BEFORE ABOUT INVESTMENTS IN INFRASTRUCTURE.
THOSE INVESTMENTS ARE JUST AS CRITICAL IN HOUSING.
WE'VE GOTTA BE ABLE TO WORK ACROSS, UM, UM, COMMUNITY PROSECUTION.
UM, THE, THE PUBLIC SAFETY, YOU NAME IT.
AND THAT'S THE, THE IDEA OF, OF THESE DIFFERENT CIRCLES THAT YOU SEE ON THE INSIDE, ON THE OUTSIDE, ARE ALL OF OUR EXTERNAL PARTNERS THAT WE HAVE TO WORK WITH.
WE'RE JUST GETTING UP AND RUNNING.
AND AS WE MOVE ON, UM, TO THE NEXT FIVE MEETINGS, WE'LL TELL YOU MORE ABOUT THIS AND HOW THE, THE DIFFERENT COMPONENTS WORK TOGETHER.
HONOR ANY QUESTIONS? YES, SIR.
THE ACCOUNT REPAIR STUFF ARE COVERED.
WHAT YOU'RE SAYING IS, IF YOU HIT 600 APPLICATIONS IN THAT ONE DAY IN THE PAST, THAT WAS A PROGRAM TO WHERE YOU PUT YOUR THING IN.
YOU MIGHT GOT FOUR YEARS, BUT YOU STILL ON THE LIST.
DO THAT LIST DEMOLISH AS JUST SAY THE 50 YOU PERSONALLY GET.
SO THE NUMBER 51, DO THEY GO FOR NEXT YEAR? DO YOU PUT IT IN A BATCH OR, GOOD, GOOD QUESTION.
WE STOPPED MAINTAINING A WAITING LIST BECAUSE THE WAITING LIST GREW TO THOUSANDS.
AND MANY OF THE PEOPLE THAT WE SERVE ARE SENIOR CITIZENS.
SO THE LEVEL OF TIME THAT WE END UP SPENDING HAVING TO CALL, HEY, ARE ARE, ARE YOU STILL ALIVE? ARE YOU, ARE YOU STILL INTERESTED IN THIS PROGRAM? IT, IT TOOK TOO MUCH.
SO, SO, SO WE REFRESHED THE LIST EVERY YEAR.
UM, LEGAL QUESTION ABOUT HOME AFFAIRS.
DOES THE CITY ATTORNEY'S OFFICE GIVEN YOU ANY GUIDANCE TO BOND FUNDS BE USED FOR A MINOR HOME REPAIR PROGRAM? OR IF YOU'RE GONNA USE BOND FUNDS, WOULD IT HAVE TO EXTEND THE USEFUL LIFE OF THE HOME BY 20 YEARS? THAT LEVEL OF DETAIL? WE, WE, WE HAVEN'T HEARD YET.
AND THEN KEVIN, I THINK WITH THE QUESTION STILL BE FROM THE CITY ATTORNEY'S OFFICES, IT MUST BE IN THE FORM OF A BREAK, RIGHT? YES, YES.
YOU, YOU, YOU CAN'T MAKE THESE, UM, MOTION.
WE'RE GONNA TO CLOSE IT DOWN THERE.
PLEASE, IF YOU CAN TAKE FIVE MINUTES.
WE, WE COMPLAINED ON AN HOUR AND A HALF AND GOT SHAKE OUT AN HOUR AND APOLOGIES.
I ALSO, I WAS JOKING WITH HIM TO BE THAT, UM, YOU KNOW, THEIRS ARE BOTH EXTREMELY FINANCIALLY COMPLEX AND COMPREHENSIVE.
WE'RE GONNA BE THE SMALLEST ASK THAT YOU SEE AT LEAST IN THIS COMMITTEE AND PROBABLY THE MOST STRAIGHTFORWARD.
UM, AND THAT IS BECAUSE WE ARE IN THE BUSINESS OF PUTTING PEOPLE INTO HOMES, UM, AND MAKING SURE THAT THEY ARE SUSTAINABLY HOUSED FOR A LIFETIME IN BREAKING THAT CYCLE.
SO A LOT OF WHAT WE DO IS SERVICE ORIENTED.
WE USE CITY GENERAL FUNDS, WE HAVE FEDERAL GRANTS, STATE GRANTS.
UM, THE LARGER BULK OF WHAT YOU HAVE HEARD ABOUT 22, 20 8 MILLION OVER THREE YEARS NOTICES THE FUNDING OPPORTUNITY ACTUALLY GOES THROUGHOUT THE CONTINUUM OF CARE, WHICH WE ARE A PART OF.
SO WE DO BENEFIT FROM THAT FUNDING IN THE SYSTEM, BUT IT DOESN'T GO THROUGH THE CITY.
AND SO TO DO ALL OF THOSE THINGS AND TO HOW ALL OF THAT CONTINUING IS WONDERFUL.
IT MEANS THAT WE HAVE HOUSED ALMOST 2000 PEOPLE SINCE OCTOBER OF 2021.
WE ARE THE LOWEST AMOUNT OF HOMELESSNESS IN FIVE YEARS.
OUR RATE OF HOUSING PEOPLE IS 20 SOMETHING PERCENT, UH, UP FROM 2022.
SO, AND WE ARE HOUSING THE 2,700
[00:55:01]
PEOPLE BY THE END OF 2023.BUT THEN ON TOP OF THAT, WE JUST FOUND OUT TO SAY WE'RE GONNA HOUSE 6,000 BY 2025 AND OUR HOME HOMELESS POPULATION, BASED ON THE LAST POINT IN TIME COUNT IS ONLY 4,400.
SO WE'RE TAKING INTO ACCOUNT THE UNSTATED WE HOUSED, WE KNOW ALL INTO HOMELESSNESS BECAUSE WE CANNOT CONTROL THE UPSTREAM ECONOMIC FACTORS.
BUT WHAT WE CAN DO IS BUILD PERMANENT SUPPORTIVE HOUSING FOR THOSE WHO WE KNOW ARE CHRONICALLY UNSHELTERED, WHO ARE THE MOST IMPORTANT TO HOUSE AND HOUSE FIRST.
BECAUSE IF YOU DON'T HOUSE THEM, THEN YOU'RE GONNA KEEP HAVING THIS PROBLEM.
AND WE HAVE TO BE ABLE TO CREATE THESE PLACES THAT WE CAN PUT SUBSIDIES INTO SO THAT WE CAN UNDERWRITE LONG-TERM SUPPORTS.
AND A LOT OF THAT WE STARTED WITH THE 2017 BOND, WHICH WAS 20 MILLION.
AND SO NOW THAT WE'RE LOOKING AT IN TERMS OF OUR PROJECTS ARE HOW DO WE FINISH THOSE OUT? HOW DO WE FINISH OUT THE PROJECTS THAT 2017 WAS MEANT TO JUMPSTART? HOW DO WE USE FUNDING THAT WILL COME FROM THIS FUND TO LEVERAGE PRIVATE FUNDING TO COME IN AND WRAP SOME OF THE OTHER ONES OUT? BECAUSE MOVING FORWARD, UM, YOU KNOW, I LIKE TO SAY THAT WE WANNA WORK, UH, SMARTER, NOT HARDER.
AND SO WE HAVE ALL THESE BUILDINGS.
WE'VE BOUGHT A COUPLE OF BUILDINGS, WE'VE HELPED WITH SOME OTHER BUILDINGS.
BUT MOVING FORWARD, AFTER THESE BUILDINGS OUT, WE'RE GONNA BE LEVERAGE FUNDING THAT WE GET TO WORK WITH PRIVATE PARTNERSHIPS TO DO THINGS THAT ARE MAYBE MORE MISSED.
WE CAN TALK A LITTLE BIT ABOUT THAT AS WELL, ABOUT, YOU KNOW, WELL, HOW CAN WE DO SOME DEVELOPMENTS IN THE FUTURE THAT AREN'T ALL ONE THING OR THE OTHER.
AND A LOT OF THAT IS THE NIMBYISM AND THE BOXING GLOVES, ALL THE METAPHORS YOU WANT TO USE.
I'VE BEEN AT SOME OF THOSE MEETINGS TOO.
UM, BUT FINISHING OUT ALL OF THIS AND THE ASK THAT YOU WILL SEE FROM US WILL GIVE US, UM, ALMOST 700 NEW BEDS.
SO WE'RE VERY EXCITED FOR THAT.
AND THE ONE THING IN THE SLIDES I WANT TO POINT OUT TO YOU IS THE FOUR TRACK STRATEGY, WHICH JUST READ IT LATER IF YOU WANT TO.
THESE ARE OUR GUIDING PRINCIPLES.
SO WHEN WE SPEND MONEY AT ALL, IT HAS TO BE TIED TO THE FOUR TRACK STRATEGY.
AND WE JUST REDID OURS WITH THE CITY COUNCIL LAST YEAR.
SO IF YOU WERE IN ONE OF THE LISTENING SESSIONS WHERE YOU HAD TO LISTEN TO MY VOICE A LOT, I'M SORRY.
UM, BUT THAT DID GET US TO AN UPDATED PLAYBOOK.
OH, AND I WANTED TO INTRODUCE MY PROGRAM ADMINISTRATOR, GLORIA, AND, UH, AGENDA SPECIALIST.
RENITA AND ADMIN SPECIALIST ANGIE.
TOUR DATE, UH, ON YOUR AGENDA.
AS LONG AS YOU'RE GOOD WITH 24TH.
AND I'M SORRY, SIR, YOU HAD A QUESTION? THAT'S WHAT IT WAS.
YEAH, THE 24TH, WE'RE GONNA GO VISIT SOME OF THE PROPERTIES THAT WERE FINISHED WITH THE BOND FUNDS FROM 2017.
AND SOME OF THE ONES WE'RE PROPOSING FOR THE NEXT ONE.
BY THE WAY, I, ONE OF THE BOX BILLS.
THANK YOU VERY MUCH MS. OKAY, SO WE DO HAVE OUR FOUR DAYS.
WE HAVE, UH, SATURDAY THE 10TH HOUSING SATURDAY, EIGHT 24TH, UH, NOT NINE TO TWO.
AND WE'LL SEND OUT, UM, MORE SPECIFIC DETAILS OF THE SCHEDULE.
IT IS 9:33 PM EXCUSE SEVEN 30.
7:33 PM OUR MEETING IS ADJOURN AND ALL MEMBERS TWO WEEKS.
THE NEXT MEETING WILL BE SIX, SEVEN, I THINK THE, UH, THE STAFF AND THE TASK FORCE MEETING.