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GOOD EVENING.[2024 Bond ECONOM on August 22, 2023. ]
RENITA GRIGGS.TODAY IS TUESDAY, AUGUST THE 22ND.
THE RECORDING FOR THE ECONOMIC DEVELOPMENT AND HOUSING AND HOMELESS SOLUTION BOND MEETING WILL BE RECORDED.
I, IT IS NOT GONNA SLOW HER DOWN.
HOW'D IT GO? REALLY? YEAH, I THINK SO.
I DON'T HAVE COVID, I JUST HAVE REALLY BAD ALLEGATIONS, BUT I HAVEN'T REALLY BEEN WORKING ON THAT.
I DON'T ANYTHING WITH HER, SO I DON'T KNOW WHAT SHE KNOW.
CAN YOU HEAR ME? CAN'T HEAR YOU.
JUST TO LET YOU KNOW THAT YOUR MEETING IS NOW BEING RECORDED.
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THAT'S NOT GONNA HELP.SHE MIGHT ME ALL ACTUALLY OVERDUE.
THEY DON'T KNOW WHERE THE OTHER DIRECTING PEOPLE.
DOES THAT COUNT? CANNOT SKATEBOARD.
I FIGURE IF I CAN SURF AND I CAN SNOWBOARD, SKATEBOARD, YOU CAN LONGBOARD.
THE LAST TIME I HAD A SKATEBOARD, HUH? I BOUGHT A, I BOUGHT A LONGBOARD RECENTLY, PROBABLY SIT AND MY SCOOTING.
I DON'T HAVE THE MUSCLES ANYMORE JUST TO SKATE.
WAS IT REALLY FROM, WAS IT LIKE THE NEXT DAY YOU WOKE UP AND YOU M I'M IN A JOURNEY AGAIN, BIT ANYWAY, SO I DON'T MIND PUSHING MYSELF.
IS IT LIKE THE FUN TODAY AND TOMORROW I CAN'T LEAVE? WELL, YEAH.
THAT'S EVERY DAY WHEN I WORK OUT NOW.
I MEAN, AT FIRST I WAS THE ONE AT A SPEED WHERE EVERY CRACK MADE ME LIKE JOLT.
YOU'RE GONNA BE ALREADY, I WILL SAY THAT OF THE ONES I'VE EXPERIENCED, THE OCEAN IS MORE FORGIVING THAN THE SNOW, BUT BOTH ARE MORE FORGIVING THAN THE PIG.
UM, IF YOU'RE JUST RIDING AND CATCH AN EDGE, SNOWBOARDING, THAT'S ONE THING.
BUT THE LAST DAY I RODE, UM, WAS AT BRACKENRIDGE.
I EXTENDED THE, CALLED THE WU-TANG.
IS THAT THAT PART OR THE, WELL, IT WAS IN, IT WAS ONE OF THE JUMPS.
BECAUSE IT WAS SHAPED LIKE A DUCK.
AND, UH, I CAME UP SHORT AND I HIT RIGHT AS THE, IT WAS GOING DOWN AND WOKE UP WITH THE BOTTOM SCREW CONTROL.
AND THEN LIKE, I ENDED THAT SEASON.
THAT WAS RACING SOME BORDER CROSS THAT SEASON TOO.
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UM, EVERYTHING WENT THROUGH FOR MY PEACE CORPS DURING I, THE PHILIPPINES.BUT THEN I STAYED FOR TWO YEARS AFTER HANGING KNOW MY WIFE WAS FROM
SO, BUT THAT'S, THAT WAS DOING SOMETHING STUPID ED.
BUT I HAD ONE BLACK, I DIDN'T REALIZE IT WAS MOBILE.
AND LIKE YOU'RE TRYING TO JUST NAVIGATE THE MOG, BUT AT SOME POINT IT WAS LATER IN THE DAY.
AND SO A LOT OF IT'S JUST BEEN REALLY LIKE TORN UP.
AND AT ONE POINT I WAS JUST LIKE SO TIRED.
I GO, I'M NOT LETTING YOU STARTLING ME HERE EVERY, AND THEN I WAS LIKE, NOW I KNOW WHY NOBODY'S OVER HERE.
I KNOW WHERE THE LINE WAS SO SHORT AND TELL STOP BUGGING.
WHERE WAS YOUR ABOUT? YOU GOT ME LAST TIME.
WE, WHICH REMINDS ME OF, UM, I FOLLOW THE SPEAKER OF THE HOUSE FROM WASHINGTON STATE AND THEY DO A BIENNIAL SESSION.
LIKE THE TEXAS LEGISLATURE IS, AND HER, UH, ATE THREE YEARS.
SHE PUTTING HER FOOD JOURNEY ON INSTAGRAM SHOWS ARE SUPER HEALTHY.
AND THEN SHE DESCENDS INTO JUNK FOOD FOR, AND SO IT'S LIKE DAY 20.
MY DESK MATE IS EATING AND THEN BY THE END IT'S JUST CHEETOS AND CELSIUS.
WE, AND I'M NOT UPSET ABOUT IT.
SHE'LL MAKE YOU, SHE DOESN'T WHAT? SHE KIND SHE'D.
SHE JUST LIKES TO BAKE AND BREAK THE OUTFIT.
I TOLD HER I, WE, UM, TELL YOU LIKE, CHEESE BOARDS, WHAT I'LL BACK WHEN DO THEY, HEY, HR.
HEY, UH, TEAM, JUST SO YOU ALL KNOW, IF IT'S AN EXCEPTIONAL HIRE, YOU HAVE TO FILL OUT THE FORMS. IF IT'S AN EXCEPTIONAL MOTION, YOU DO NOT WHAT? YEP.
IT'S FUNNY IS WHEN YOU DO ON THE COMMITTEE THAT ORIGINALLY RECOMMENDED THE TRANSITION WHEN THEY WERE DOING, WORKING IN YOGA AND THEY DIDN'T LISTEN TO ANY OF THEM.
SHE'S ALSO FOREVER SUPER P****D ABOUT HOW LONG.
HAVE YOU FIGURED OUT HOW DID YOU ANY OF YOUR, UM, NEW GOALS AND CHECK-INS? YOGA? I CAN'T EVEN FIND WHAT I'M SUPPOSED TO PUT.
UM, BUT IF IT'S LIKE A NEW PERSON COMING, IT'S NOT OPEN UNTIL THE END OF THIS YEAR.
I'M JUST LOOKING ABOUT FOR US, BECAUSE YOU KNOW, NOW IT'S SEX WE'RE SUPPOSED TO BE DOING.
I THOUGHT IT WASN'T IN YOGA SOMEWHERE ELSE, BUT WE'RE STILL SUPPOSED TO BE DOING CHECKOUTS SO THEY CAN LOAD THEM LATER.
NO, I'M STILL NEW TO VIRTUAL, SO I HAVEN'T FOUND OUT WHERE ALL THAT I, I THOUGHT IN ALL OF IT.
THERE WAS ANOTHER, ANOTHER PLACE WAS A HARD JOB.
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NOPE.NONE OF IT'S INTUITIVE AND I UNDERSTAND NOTHING.
THIS IS MY THIRD, WELL SECOND YEAR, THIRD YEAR IN MARCH.
SO I'M LIKE, I'M CUTE TO KNOW HOW IT ALL WORKS.
I LIKE THAT YOU COULD HANDPICK PEOPLE DOING THE 360 1.
I THOUGHT THAT WAS REALLY, I PICKED SOME PEOPLE.
OH, I THINK THAT'S WHAT YOU'RE SUPPOSED TO DO.
I DON'T KNOW THAT ANYBODY DOES.
THEY DON'T LIKE, I MIGHT HAVE TO PICK MY HR PART.
MY HR PART MIGHT BE SELECTED THURSDAY.
IT'S TODAY'S DAY, THURSDAY, AUGUST 22ND, 2023, 6:15 PM WELCOME TO
UH, JUST A COUPLE OF QUICK ANNOUNCEMENTS BEFORE WE GET STARTED, UH, THAT EVENING.
UH, THIS SESSION, TEN NINE IS ESSENTIALLY QUESTIONS.
UH, WE'VE HAD SO MUCH INFORMATION COMING OUR WAY THAT IT MIGHT BE A GOOD IDEA TO TAKE A MOMENT TO PROCESS SOME OF IT.
WE DO HAVE STAFF FROM ALL THREE DEPARTMENTS HERE FOR ANY QUESTIONS THAT YOU MAY HAVE.
WE DO HAVE A PRESENTATION FROM DEBBIE, AND THEN WE ALSO GONNA HAVE A PRESENTATION FROM MS.
UM, SO LET'S HAVE, UH, LOTS OF QUESTIONS AND WE'LL BEGIN WITH, UH,
SO UP UNTIL NOW, THE HAVE BEEN SHARING WITH YOU ARE VARIATIONS OF DETAIL RELATED TO, UM, NEEDS THAT WE HAVE IN CITY FOR, UM, HOUSING INVESTMENTS AND, UM, HOW WE WOULD APPLY THOSE FUNDS.
WHAT YOU SEE, UM, IN PACKAGE OR DISTRIBUTED IS THE MOST RECENT REFINED VERSION OF THAT.
UM, THE CONVERSATIONS GOING ON BETWEEN THE DIFFERENT OFFICES AND, UM, WITH OTHER HOUSING ADVOCATES.
WELL, SHOULD WE CONTINUE TO LOOK AT, UH, BOND FUNDING IN A SINGULAR, UH, MAP WHERE WE HAVE THREE SEPARATE BOMBS OR COULD WE COLLAPSE THOSE THREE INTO ONE O'CLOCK? UM, THAT CAR OUT, UM, THRESHOLD FOR REQUIREMENTS FOR, FOR EACH OF THE THREE? NOW I'LL, I'LL, I'LL TELL YOU THAT WE'RE NOT ALL IN AGREEMENT YET ON, UM, THE LANGUAGE THAT I PROPOSED HERE.
AND I'M HOPING TO GET SOME ADDITIONAL DISCUSSION, BOTH FROM YOU AND FROM MY PEER DEPARTMENTS ON, UM, WHAT THIS COULD BE.
BUT, UM, I
THERE'S A NUMBER OF QUESTIONS WILL COME UP FROM THIS SUBCOMMITTEE ABOUT, UM, CAPACITY TO DEPLOY FUNDS TO BE ABLE TO DIG WHAT THAT LOOK LIKE.
UM, AND THEN POLICY FIRE SO THAT WHEN YOU SEE US POINTING TO ONE MISSION, YOU UNDERSTAND HOW THAT ALIGNS WITH DIFFERENT POLICY PRIORITIES THAT WE HAVE AS A CITY WE HAVE WITHIN OUR INDIVIDUAL PROGRAMS. AND THEN FINDING PROJECT AREAS, UNLIKE OTHER PROPOSITIONS THAT YOU'LL SEE.
WE DON'T HAVE LAND, WE DON'T HAVE SPECIFIC, UM, ADDRESSES THAT WE CAN TIE PROJECTS TO, BUT WE CAN IDENTIFY GEOGRAPHIC AREAS WHERE WE CAN SEE TARGET.
SO, SO THAT'S WHAT YOU HAVE BEFORE YOU, UM, IS, IS THREE
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CATEGORIES.ONE IS HOME OWNERSHIP INITIATIVE BECAUSE IT'S SOMETHING THAT, UM, THE COUNCIL AND UM, THE PUBLIC CONTINUE TO, UM, REQUEST INVESTMENTS FOR AND SOMETHING THAT ARE UNDER OTHER FUNDING MECHANISMS DON'T DO A VERY GOOD JOB OF, UM, SERVING.
UM, AND THEN THERE'S, UM, AFFORDABLE HOUSING OF PRESERVATION BECAUSE IT'S ONE OF THESE ACTIVITIES THAT WE CONTINUE TO NEED TO INVEST IN.
IT IS AN AREA THAT, UM, WE KNOW MORE AND MORE PROPERTIES ARE COMING OFFLINE EITHER THROUGH THE, UM, LOW INCOME TAX CREDIT PROGRAMS, WHICH HAS EASILY EXPIRING, UM, AFFORDABILITY REQUIREMENTS.
UM, OR BECAUSE YOU HAVE TO
AND WE NEED TO CONTINUE TO INVEST IN THAT STUFF SO THAT THE NOT NECESSARILY THE INDIVIDUAL STORY TODAY CAN CONTINUE TO SERVE, BUT SO THAT INDIVIDUALS IN THOSE INCOME BRACKETS CAN CONTINUE TO SERVE.
AND THEN FINDING TARGET AREA INVESTMENTS.
UM, YOU'VE HEARD THE, UM, ROBIN, BEN AND HER TEAM TALK A LOT ABOUT, UM, AREAS THAT WE NEED TO INVEST IN, BUT WHAT DO THOSE INVESTMENTS LOOK LIKE? WELL, WHAT I HAVE TO MOST HERE IS THAT, UM, THEY COULDN'T MIX.
WE COULD USE THIS MODEL FUNDING TO LEVERAGE PRIVATE INVESTMENTS.
UM, WHAT, UM, PROFIT BANK THEY HAVE IS WHAT ELSE IS THERE, RIGHT THERE, OTHER OPPORTUNITIES TO INVEST IN THESE HIGH AREAS.
DO THEY HAVE OTHER NEEDS THAT WE CAN USE BY FUNDS TO INVEST? AND THOSE ARE SOME OF THE THINGS I'M SURE SHE WILL, SHE'LL COME OVER WHEN SHE COMES UP.
UM, BUT, UM, HOPEFULLY WHAT I'VE SHARED WITH YOU, UM, IS CLEAR AND, UM, I'M HAPPY TO, UM, THANK YOU SIR.
AND I JUST FOR THE RECORD, THIS MEETING IS BEING RECORDED.
I THINK ONE OR TWO COMMITTEE MEMBERS SMALL LINE.
SO I, I LIKE THAT WE ARE MERGING SOME THIS TO BE RIGHT.
UM, I THINK THAT THERE MIGHT STILL BE THE NEED ABOUT LESSNESS SPECIFICALLY, LIKE WE LOST WE HAVE RIGHT NOW.
UM, ESPECIALLY CONSIDERING THERE'S THAT SPECIFIC OF WHICH.
UM, AND THEN I THINK AS FAR AS LIKE THE PROJECT AREAS GO, THERE'S SIMILAR, I THINK AS FAR AS THE PROJECT AREAS, THERE'S PROBABLY A LOT OF COMMITTEE DISCUSSION THAT WE WANNA BE HAD AROUND THAT.
UM, AND THEN I WOULD ALSO QUESTION ON THE A M I LEVELS, LIKE HOW CAN WE GET THE CITY TO REALLY TARGET WHERE WE'RE SEEING THE BIGGEST NEEDS? THAT, AND I KNOW TO ME THAT YOU'RE ALWAYS TALKING ABOUT NEEDING TO SERVE ALL LEVELS, BUT WHAT WE'RE SEEING THE BIGGEST NEEDS IS WHERE THE MARKET ISN'T HELPING THIS AND THAT 80% LOWER.
SO CAN WE DO MORE TARGETING IN THAT LOWER LEVEL? SO A LOT OF QUESTIONS.
SO, SO, SO SEPARATE THE AMOUNT IS EASY TO PROPOSAL ON HOW THEY COULD BE CONSOLIDATED.
SO GOING BACK TO, TO THE, UM, SEPARATE COACHES, I THINK IT'S PRETTY STRAIGHTFORWARD AND HAPPY.
I THINK IT HAS TO BE TOTAL SEPARATE.
I JUST THINK IF WE'RE GONNA COMBINE IT, THAT MAYBE YOU CALL OUT SOME OF THE, THE NEEDS, ESPECIALLY FOR THE BRIDGE, I GUESS MM-HMM.
LIKE YOU DON'T LIST PSH ISN'T MENTIONED AT ALL.
AND SO I DON'T WANT IT TO GET LOST IN THIS.
AND THEN YOU SPOKE ABOUT, UM, THE A M I AND UM, THE NEED, UM, US NEED TO TARGET FUNDS.
ONE OF THE CHALLENGES THAT, THAT WE HAVE TO DO
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IS THE FACT THAT WE HAVE CONCENTRATIONS OF POVERTY IN A NUMBER OF AREASAND IN ORDER TO BEGIN TO BREAK DOWN THOSE CONCENTRATIONS, WE NEED TOOLS THAT SERVE DIFFERENT
THOSE FEDERAL CREDIT FUNDS SERVE HOUSEHOLDS UP TO 80% OF THE PERIOD.
SO TRYING TO BREAK DOWN CONCENTRATIONS OF POVERTY, THEY DON'T HELP.
I'M TYPICALLY LOOKING TO BUY FUNDS, LOOKING TO GENERAL FUNDS THAT CAN HELP REACH, UM, MARKET RATE OR EVEN 81 TO ONE 20 SO THAT I CAN START TO ADJUST, UM, THOSE I BASIS.
UM, AND THEN, AND THEN THERE'S HOME OWNERSHIP REGARDLESS OF EVEN YOU WANNA HELP A HOUSEHOLD, UM, HOMEOWNER HAVE TO UNDERSTAND WHAT LEVEL OF INCOME IT TAKES TO OWN, OPERATE, MAINTAIN.
AND, UM, IF HOMEOWNERSHIP IS A PROPERTY, THEN WHAT, WHAT I PROPOSED HERE IS THE MINIMUM, UM, LEVELS THAT, THAT WE NEED TO HIT TO HIT MACHINE.
WELL, I THINK THAT'S ANOTHER CONVERSATION, BUT, UM, WE'VE GOT A LOT OF, UM, OF STAKEHOLDERS WHO ARE WEIGHING IN ON THIS CONVERSATION AND WE WANT MAKE SURE THAT AT LEAST FROM WHERE I STAND, I'M THREATENING TO NEED AS BEST I CAN.
UM, WITH, UM, UM, IS THERE A THIRD QUESTION? THE FIRST ONE IS ABOUT OUTREACH.
YOU, YOU AND, UM, AT LEAST FROM THE HOUSING PERSPECTIVE, ONE OF THE THINGS THAT WE ARE DOING NOW IS, UM, YOU WORKING ON SOME OF THE BUILDING BLOCKS FOR, UM, EQUITY STRATEGY TARGET AREAS, WHICH IS ONE OF THE PEOPLE COMING OUTTA DALLAS
AND WE WOULD SEE THIS, UM, BEING PART OF THE CONVERSATIONS THAT WE HAVE WITH COMMUNITY AS AS WE GO OUT THERE.
UM, I THINK THAT'S THE NEXT STEP.
CAN YOU TELL ME UNDERSTAND LEVELS, THE PERCENTAGE, THE RECOMMENDED PERCENTAGES THAT YOU'VE ALLOCATED FOR THESE THREE TARGET AREAS, WHY THAT PERCENTAGE CAN HELP ME UNDERSTAND THE THOUGHT PROCESS BEHIND THAT? CAN YOU
AND, AND WHAT MADE UP THAT, THAT NUMBER AS TO WHY LIKE HOMEOWNERSHIP INITIATIVE THAT 25% INSTEAD OF GETTING 50.
SO IT IS IMPORTANT TO UNDERSTAND THE PROGRAMS AND TOOLS THAT WE CURRENTLY HAVE AVAILABLE TO US TO SUPPORT, UM, HOUSING ACTIVITIES.
WHEN WE ARE LOOKING TO BOND FUNDS, WE'RE LOOKING TO BOND FUNDS TO FILL IN THE GAPS OF WHAT OUR OTHER FUNDING SOURCES AND TOOLS CANNOT DO.
SO FOR EXAMPLE, WE OPERATING THOROUGH OVERSEAS, THREE DIFFERENT, UM, HOME OWNERSHIP ASSISTANCE PROGRAMS, RIGHT? THOSE ARE FUNDED WITH, UM, OUR FEDERAL GRANT FUNDS, HOME AND COMMUNITY FUNDS.
HE HAS ANOTHER ONE THAT'S FUNDED WITH, UM, GENERAL FUNDS.
SO WHEN WE'RE ASKING FOR BOND FUNDS, THE IDEA, MY THOUGHT HERE IS TO SUPPORT WHAT ALL,
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WHEN YOU LOOK AT AFFORDABLE HOUSING PRESERVATION, YOU'VE GOT TAX CREDITS THAT WE CAN DEPLOY.YOU'VE GOT OUR, UM, TAX EXEMPTIONS THAT WE CAN DEPLOY THROUGH THE HOUSE OF FINANCE CORPORATION, THROUGH PUBLIC FACILITY CORPORATION.
UM, WE'VE GOT OUR FEDERAL GRANT FUNDS, WE'VE GOT A NUMBER OF OTHER SOURCES OF FUNDS THAT WE CAN DEPLOY TO SUPPORT THOSE ACTIVITIES.
THE BOND FUND WE USE TO SUPPLEMENT THOSE FUNDS, SOURCES THAT
SO FOR EXAMPLE, OUR FEDERAL GRANT FUNDS, IT'S TYPICALLY HOUSE, RIGHT? IT IS NOT FOR, UM, DEMOLITION, IT IS NOT FOR, UM, NUISANCE ABATEMENT.
IT IS NOT FOR THESE OTHER QUALITY OF LIFE ACTIVITIES THAT ARE NEEDED TO, UH, REVITALIZE IMPOVERISHED AREAS, RIGHT? SO IF WE'VE GOT LIMITED BOND FUNDS TO DEPLOY, THIS IS THE AREA WHERE WE SAY WE NEED TO SPEND BECAUSE WE DON'T HAVE RESOURCES READILY AVAILABLE TO ADDRESS.
YOU WERE SAYING THAT TARGETED AREA INVESTMENT YES.
AND THAT'S, SO I GOT LISTENING, BUT CAN YOU TELL ME WHAT ADVANTAGES YOU SEE TO COMBINE THESE THREE? I MEAN, I CAN UNDERSTAND THE FLEXIBILITY, I UNDERSTAND, BUT WHAT IT SEEMS TO ME THAT WHAT GETS LOST IS SORT OF THE VISION MISSION OF THESE DIFFERENT AREAS.
IT SETS UP A COMPETITION AMONG THESE ITIATIVES IS WHETHER THERE'S MORE MONEY ADDRESSES, SOME OF THAT.
SO AT THE END OF THE DAY, WHETHER OFFICE OF ECONOMIC DEVELOPMENT, OFFICE OF HOMELESS SOLUTIONS, DEPARTMENT OF HOUSING, ATION,
WHAT MATTERS IS WHAT WE ARE TARGETING FUNDS FOR.
SO YOU, YOU SPEAK ABOUT THE COMPETITION WHERE I THINK WE HAVE OPPORTUNITY TO SORT OF FIND WHAT, UM, WHO THOSE STAKEHOLDERS ARE WE WANT TO SERVE, WHICH PROJECTS WE WANNA SERVE, WHICH LINES WE WANNA SERVE.
WE CAN SPELL THAT OUT IN THE PROPOSITION, RIGHT? UM, THE PURPOSE OF, OF THIS DOCUMENT WAS TO LAY OUT ARE WE GETTING IT RIGHT? ARE WE GETTING THE INCOME MIXED? ARE WE GETTING THE PROJECT TO MIX OR GETTING INITIATIVE MIX WHERE WE WANT IT TO BE TO THE EXTENT THAT YOU WANT SEE ADJUSTMENTS.
FROM MY PERSPECTIVE, THIS WAS A FORMAT THAT WE, THINGS AROUND THAT'S, BUT UM, IT RELATES TO, UM, COMPETITION.
UM, WHAT I WAS HEARING BEFORE WAS THAT THE THREE SEPARATE BUCKET WAS, WAS BECOMING MORE PROBLEMATIC COMPETITION PERSPECTIVE, BUT WE CAN SLICE IT.
HOWEVER, AT THE END OF THE DAY, UM, WE'VE GOT DIFFERENT ACTIVITIES THAT HAVE SPECIFIC NEEDS WE'RE TO USE GUIDANCE ON HOW TO ALLOCATE, UM,
UM, SO ONE THING I I'M ABOUT EDUCATING ON SOUNDS COMMITTEE IS THAT THERE ARE PRETTY SIGNIFICANT SWINGS IN FUNDING AVAILABLE FOR YOUR DEPARTMENT OR ANYBODY'S DEPARTMENT ON A YEAR TO YEAR BASIS BASED ON ELECTION BUDGET PROCESS.
SO I WAS CURIOUS AS A BUSINESS OWNER, BUT IF MY REVENUES VARY TENS OF MILLIONS OF DOLLARS EVERY YEAR, I DON'T KNOW HOW I WOULD COPE WITH THAT.
YOU CAN EXPLAIN TO ME WHAT, WHAT, WHAT YOU DO, WHAT YEAR.
YOU'VE GOT TENS OF MILLIONS OF DOLLARS LESS OR MORE THAN THE PREVIOUS YEAR.
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ORGANIZATIONAL HOW YOU, HOW YOUIS THAT CORRECT? CORRECTLY? WHAT'S THE BUDGET? YEAH, IT'S 75 MILLION BECAUSE WE RECEIVED R FIVE AND C B GT R.
THAT WAS LAST YEAR'S ON THAT CALL, BUT IT WAS, THAT'S THIS YEAR.
SO THEN THE OTHER COLUMN PRIOR YEAR WAS 43 MILLION.
PRIOR TO THAT WAS 17, PRIOR TO THAT WAS 21.
SO NORMALLY WITHOUT ANY DISASTERS OR ANYTHING LIKE THAT HAPPENING AND WITHOUT A BOND, UH, ALLOCATION, WE RECEIVE ABOUT 20 MILLION.
UH, WE GET ABOUT 4 MILLION, ABOUT 4 MILLION IN, UH, GENERAL FUND AND 60 MILLION IN FEDERAL.
OUR FEDERAL GRANT DOES DECREASE EVERY YEAR AND IT IS GOING TO CONTINUE TO DO THAT UNLESS HU DECIDES TO STOP INCREASING THE FUND.
BUT, UM, OUR GENERAL FUND HAS INCREASED A LITTLE BIT EVERY YEAR ONLY BECAUSE WE GET MERIT INCREASES FOR STAFF.
THOSE NORMAL THINGS THAT HAPPEN WITH
LAST YEAR, THIS YEAR, NEXT YEAR GOES BACK TO NORMAL 22 MILLION.
SO IN THE CASE OF RECEIVING THIS ARPA, WHAT DID YOU GUYS DO TO HELP DEPLOY IT? SO ARPA WENT TO 11 MILLION, WENT TO DEVELOPMENTS, 10 MILLION WENT TO REHAB, AND WE'RE MOVING SOME OF THAT.
WE HAVE TO DEVELOP THAT 6 MILLION.
WE ALSO HAD THE ABILITY TO HIRE TWO TERM STAFF TO ADMINISTER THAT, THAT FUNDING FOR US FOR HOME REPAIR CONTRACT.
SO THOSE DOLLARS CAME WITH STAFF ADMIN FUNDS, C D B G D R DID TWO.
AND, UH, A SIGNIFICANT AMOUNT OF THAT MONEY IS GOING TO DEVELOP.
SO, SO LEMME TRY TO GO BACK TO YOUR QUESTION.
TO GIVE YOU SORT A GLOBAL PERSPECTIVE ON AN ANNUAL BASIS, IF YOU LOOK AT THE STAFFING, THE DEPARTMENT, WHICH SEE MAJORITY OF OUR STAFF ARE PAID ONLY BECAUSE THAT'S THE MONEY THAT WE'RE GONNA RECEIVE AND WE BUDGET BASED ON WHAT HU IS APPROPRIATE, RIGHT? SO COMPARED TO A BUSINESS, THAT'S WHAT THIS IS.
THIS IS WHAT WE EXPECT ON A YEAR TO YEAR BASIS AS WE RUN INTO GOOD YEARS, WE ARE AWARE WE HAVE AN ADDITIONAL SURPLUS OF FUNDS.
YOU'LL SEE US ADDING TECH STAFF, YOU'LL, UM, UM, STAFF THAT ARE ONLY GONNA BE WITH US FOR THREE YEARS BECAUSE THAT'S HOW LONG WE EXPECT TO TAKE TO DEPLOY THOSE FUNDS.
WHEN IT GETS LITTLE COMPLICATED IS IF WE HAVE A LARGER SUM OF DOLLARS, WE'LL KNOW WE CAN DEPLOY THOSE FUNDS INTERNALLY.
WE NEED TO BRING ON EXTERNAL PARTNERS THAT HAVE THE EXPERTISE IN, UH, DEPLOYING THESE.
SO FOR EXAMPLE, WE'RE WORKING WITH A GROUP CALLED
OR WE WILL SEE US PARTNERING WITH OUR PUBLIC FACILITY CORPORATION OR OUR, UH, OR OUR, OUR, OUR HOUSING FINANCE CORPORATION.
BECAUSE THE SCALE OF PROJECTS THAT COME THROUGH THOSE CORPORATIONS ARE SIGNIFICANT, RIGHT? THEY'RE ANYWHERE.
SO BREAD AND BUTTER DOES A CHANGE IN TERMS OF THE BASIC STAFFING THAT WE HAVE IN THE DEPARTMENT, BUT AS WE JUMP UP, YOU'LL SEE US, UH, MOVE STAFF AROUND IN THE DEPARTMENT AND, UM, UTILIZE OUTSIDE CONTRACTORS AND UM, DEVELOPERS TO A GREATER EXTENT AND IN THOSE LEAN YEARS, RIGHT? I'LL GIVE YOU A PERFECT EXAMPLE.
WHEN COVID FIRST HIT, AND WE WENT ON A HIGHER LEVEL BECAUSE THIS WAS BEFORE CARE ACT OR ANY OTHER FUNDS WERE DEPLOYED, THERE WERE STAFF FROM MULTIPLE OTHER DEPARTMENTS THAT WOULD MEET FURTHER AND WE WERE ABLE TO RECORRECT OUR FEDERAL GRANT FUNDS TO STAND UP A MORTGAGE
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ANALYSIS PROGRAM.AT ONE POINT, THOR HAD OVER A HUNDRED PEOPLE WORKING WITH THEM.
THEY WERE COMING FROM LIBRARY SERVICES, THEY WERE COMING FROM COMMUNITY BOARDS, THEY WERE COMING FROM PARKS, ALL THESE DIFFERENT DEPARTMENTS THAT COULDN'T USE THE CITY FACILITY CLOSED, BUT WE NEEDED THEM TO HELP US PROCESS APPLICATIONS FOR HOUSEHOLDS THAT NEED.
SO WHAT YOU SEE INTERNALLY INSIDE
YOU TALKED ABOUT, UH, WANTING TO BRING UP AREAS THAT ARE RACIALLY, RIGHT? SO THAT MIGHT, UM, ARE TO TARGET AND THAT'S WHY YOU WANT THAT POSSIBILITY.
BUT JUST LOOKING AT THE TARGET AREAS THAT PROPOSED RIGHT NOW, UM, THE VAST MAJORITY BE IN SOUTHERN DALLAS AREAS WE HAVE BIG PLANS FOR, BUT RIGHT NOW THEY HAVE HIGH, UM, DISTRESS FACTORS.
AND SO THE ONLY AREAS IN NORTHERN DALLAS RIGHT NOW, THE INTERNATIONAL DISTRICT, UM, AND THEN THE FEW AREAS, ENTERPRISE ZONES THAT ARE IN DALLAS.
SO CAN YOU TALK TO US ABOUT FAIR HOUSING, FAIR HOUSING PRINCIPLES AND HOW HELPING FAMILIES BECOME HOMEOWNERS AND AREAS, UM, CAN BE PART OF THE, THE PROPOSITION? BECAUSE I DON'T SEE IT
UM, PART, PART OF THE CHALLENGE IS THAT, UM, NORTH DALLAS AND MOST OF OUR CURRENT HIERARCHY AREAS ARE ALREADY BUILT OUT.
AND FOR THE HOUSING THAT IS COMING ONLINE IS OUTSIDE OF THE BUDGET OF OUR WORKFORCE HOUSEHOLDS OF OUR, OUR LOWER INCOME HOUSEHOLDS, MEDIA, MEDIA SALES PRICE FOR A SINGLE HOME DALLAS, ABOUT 4 0 5.
AS YOU GO INTO VERY, VERY FAR SOUTH NORTH DALLAS, IT'S SIGNIFICANTLY HIGHER THAN 4 0 5.
THE TALKING ABOUT WORKFORCE HOUSING, PEOPLE WHO ARE EARNING ANYWHERE FROM 60 TO EVEN A HUNDRED THOUSAND DOLLARS A YEAR, RIGHT? AS A COMPANY, WHAT THEY CAN AFFORD IS SOMEWHERE BETWEEN 200,000 AND MILLION THOUSAND FOR A HOME.
SO WHEN LOOK AT WHERE THERE IS REAL ESTATE THAT IS, IS COMING LINE FOR THAT CAN BEING DEVELOPED, MOST OF IT IS NOT IN NORTH DALLAS.
FROM A FAIR HOUSING PERSPECTIVE, IT'S IMPORTANT FOR US TO LOOK AT HOW DO WE GROW NEW HIGH OPPORTUNITY PERIOD, RIGHT? WE, WE ALREADY KNOW WHAT EXISTS IN THE CITY TODAY IS HIGHER AREAS AND THERE'S NO DOUBT.
SO IS IT OKAY TO SAY, WELL, THE REST OF THE CITY JUST HAS THE SUB, RIGHT? OR CAN WE TAKE THE LAND THAT'S AVAILABLE AND THE RESOURCES THAT ARE AVAILABLE AND START TO CONNECT WITH DOTS? HENCE THE TARGET AREA INVESTMENT IN ISSUES, RIGHT? WE, WE WE NEED MORE HIGH PERFORMANCE SCHOOLS.
WE NEED TO HELP YOU KEEP DALLAS TO EXPAND.
WE NEED TO BUILD RETAIL SERVICES AND JOBS TO OTHER AREAS SO THAT AS THESE INVESTMENT ARE RELATED, YOU'RE GROWING.
AND THEN THE OTHER FACTOR THAT WE OFTEN LOSE SIGHT OF IS THE FACT THAT WE HAVE FAMILIES WHO HAVE BEEN IN CERTAIN NEIGHBORHOODS FOR GENERATIONS.
THEIR NETWORKS ARE THERE, THEIR RELATIVES ARE THERE, AND WE WANNA BE CONSCIOUS OF GIVING THEM OPTIONS TO MOVE AROUND WITHIN THE CITY AS THEY WANT, BUT NOT TO, TO FORCE THAT MIGRATED OUT OF THEIR COMMUNITIES.
THEY HOME FOR GENERATIONS BECAUSE THE ONLY OPPORTUNITIES TO ACCESS NEW, NEW AFFORDABLE LEASE IN HOUSING IS IN TAX OR IS IN THE EXISTING
SO FAIR HOUSING IS ONE OF THOSE THINGS THAT WE CONTINUE TO DEFINE AND, AND, AND LEARN AND, AND ADJUST.
UM, BUT WE'VE GOT TO NOT JUST MOVE THE INDIVIDUAL BUT ADDRESS THOSE NUISANCES AND THOSE QUALITY OF LIFE FACTORS AND
[00:45:01]
THAT THEY YEAH, I JUST PUSHING ON THAT ISSUE, ESPECIALLY IF THIS DOES BECOME AUDACIOUS SIZED BOND, I THINK, UM, I THINK WE'RE DOING A DISSERVICE BY NOT SAYING, NOT HAVING AN AUDACIOUS GOAL THAT WE CAN HELP FAMILIES MOVE THE OPPORTUNITY AS WELL AS STABILIZE DISTRESS NEIGHBORHOODS THAT, THAT WE, WE SHOULD CHOOSE BETWEEN ONE OR THE OTHER.AND I THINK WE INOW THAT HISTORY, PROBABLY OUR HOUSING, OUR MOST DISTRESSED NEIGHBORHOODS AND WE'RE GONNA HAVE AN
YEAH, AND THE ONLY THING THAT I'VE HAD IS IF YOU LOOK AT OUR HOUSING FINANCE CORPORATION FOR EXAMPLE, AND IT IS USE OF FUNCTION BONDS, WHAT WE'VE BEEN ABLE TO DO USING EXACT TOOLS IS PURCHASE EXISTING PROPERTIES IN HIGH OPPORTUNITY HERE.
WE DIDN'T USE THE BOND TO DO IT, WE DIDN'T USE OTHER CITY RESOURCES TO DO IT.
WE BEFORE, BEFORE, UM, FUTURE TAXES ON THOSE PROPERTIES SO THAT WE COULD PURCHASE EXISTING PROJECTS AND MAKE THEM AFFORD COUNT.
THAT'S WHERE THE HOUSING FINANCE, AS FAR HOUSING FINANCE, CORPOR, IT IS A TOOL BASED, THE HOUSING FINANCE CORPORATION, WE HAVE NOT, WE NEED, WE NEED THESE BOND DOLLARS TO DO THINGS THAT THOSE TOOLS DON'T GET.
SO LIKE THAT TOOL CAN'T GO INTO A SOUTHERN WHERE THERE IS NO, UM, HIGH QUALITY
WE NEED THESE BOND DOLLARS TO GO BUILD.
UM, I, I APPRECIATE YOUR GOALS THAT YOU'RE DESCRIBING ABOUT SOME THESE AREAS THAT YOU BE RELI EDITORIAL COMMENT FROM, FROM EXPERIENCE, THE, UH, ARE COMPLAIN, COMMISSION SEEMS RELUCTANT TO HAPPEN.
UM, LET'S JUST TAKE A BASE HERE, 22 MILLION.
HOW MANY, UH, RESIDENT, HOW MANY RESIDENCES ARE KEEPING IMPACT OR CREATING OR ASSIST OTHER? WHAT'S THE RETURN ON 20 BILLION, YOU KNOW, FOR EVERY WE CITY 502, WHAT'S THE, WHAT'S THE, WHAT'S THE, WE HEARERS LIKE WE NEED 20,000 HOUSING UNITS.
SO FOR, SO WE DO HAVE GOALS FOR OUR FEDERAL GRANTS.
UNDER HOME REPAIR, WE SERVE ABOUT 40 COUNCILS A YEAR UNDER, UH, HOMEOWNER, I'M SORRY, DID I SAY HOME REPAIR HOMEOWNER ASSISTANCE.
AND DEPENDING ON WHAT WE LEVERAGE IN OUR DEVELOPMENT, UH, PROJECTS, IT CAN RANGE ANYWHERE FROM 204.
SO IT JUST DEPENDS ON WHAT WE INVEST IN.
WHEN WE GET PROPOSALS TO DO DEVELOPMENTARY HOURS, UH, 20 MILLION DOES NOT GO FAR THESE DAYS ANYMORE.
SO LET'S SAY THE 200, 400, LET'S JUST CALL IT THREE AND THEN YOU HAVE 40 AND YOU 50, SO THAT'S THREE NINE.
SO ON 20, THAT 50,000 OR YOU'RE GONNA HAVE NOT CONSIDER, RIGHT? BECAUSE OUR CONTRIBUTION IS A HUNDRED PERCENT GONNA GET IT DONE.
OKAY, SO AT THE END OF THE DAY YOU PACK 400 RESIDENCE OR RESIDENCES FOUR.
SO WE'LL JUST, IT IS REASONABLE TO ASSUME
[00:50:01]
THAT THERE WAS 40 MILLION EVERY TWICE THAT THREE TIMES THAT AT LEAST.BECAUSE AGAIN, IT DOES DEPEND ON THE PROJECTS THAT WERE OFFERED TO.
SORRY, PLEASE FIRST ACTUALLY SAID STUFF SHOULD BE WHAT IS IN MY BINDER.
I SAY IT'S, YOU WANTED 20% A M I 120.
FOR HOW MANY PEOPLE IN THE HOUSEHOLD SAY FOUR? IT'S 116,000.
OKAY, LET'S, UM, SO LET'S DO SOME NUMBERS.
UM, UM, OKAY, SO WHAT CYNTHIA SWAG, UM, C D THAT'S, THAT YOU CAN USE FOR HELP.
SO AFTER YOU TAKE OUT, UM, YOU PROGRAM, UH, SO YOUR QUESTION IS HOW MUCH DO WE GET? YEAH.
SO FOR C D B G, WE GET SO ALLY AN ALLOCATION.
THE HOUSING DEPARTMENT RECEIVED A PORTION OF THAT.
WHAT'S THE HOUSING ALLOCATION? SO THE HOUSING ALLOCATION IS ABOUT ABOUT GIVE THAT, UH, ABOUT 11 MILLION.
AND OF THE 11 MILLION, ABOUT A MILLION AND A HALF IS UH, ADMIN, THE REST OF IT IS PRO.
UM, AND THAT IS SPLIT BETWEEN HOME BUYER ASSISTANCE AND IT'S, AND UH, IT'S SPLIT BETWEEN HOME BUYER ASSISTANCE, C D B, UH, UH, DEVELOPMENT AND HOME REPAIR.
HOME WE GET 6 MILLION, UH, ABOUT 800,000 IS ADMIN AND THE REST IS PROGRAM.
UM, AND THEN SO THAT'S 17 MILLION ANNUALLY, THAT ALL HAS TO BE EIGHT 70, CORRECT? YES.
UM, AND THEN WE SEE THE SWAG, THAT ONE, BECAUSE WE HEARD TODAY THAT WE'LL GENERATE JUST ALL, WE HAVE FIVE VALUE.
SO THERE'S NOTHING BEYOND THAT THAT WILL GENERATE OVER THE NEXT 15 YEARS, ROUGHLY $79 MILLION IN REVENUES.
SO I'M GONNA, UH, THAT'LL PUT US FIVE AND HALF MILLION GAIN AWAY, SOMETHING LIKE THAT.
UH, BUT THAT DOESN'T INCLUDE FUTURE, UH, DEALS.
THAT ALSO DOESN'T INCLUDE, UH, THE EXPENSES ALONG WITH THAT.
AND THEN, UM, I'M GONNA ASSUME THAT EACH C IS SOMETHING SIMILAR.
TONY, DOES THAT SOUND ABOUT RIGHT? 5 MILLION, UH, TO USE IN TERMS OF HOW MUCH, UM, THE IS? YEAH, THAT SOUNDS A LITTLE HIGH.
BUT, UH, BUT THE SAVE MARK, OKAY.
UM, AND THEN THE ONLY ONE I DON'T HAVE GOOD IS FEE.
SO WHAT KIND OF, UH, PROBABLY HARD TO, UM, YEAH, SO WE HAVE CURRENTLY A LITTLE OVER $4 MILLION IN FEE AND BLUE, MY HT B FUNDS.
UM, AND THOSE DOLLARS ARE INCONSISTENT BECAUSE
[00:55:01]
WE DON'T KNOW WHO'S GONNA BUY OUT ON AN ANNUAL BASIS.THOSE LARGE SUMS COME FROM BUYOUTS OF AFFORDABLE HOUSING.
WE NORMALLY ONLY GET ABOUT $40,000 A YEAR IN FEES WHEN THEY PAY THEIR APPLICATION FEE AND THEY GO THROUGH THE PROCESS AND THEY'RE GONNA DO, UH, THEY'RE GONNA GET THEIR VARIANCE.
THE FEES ARE ABOUT 40,000 A YEAR SO FAR.
BUT THOSE LARGE SUMS THAT MADE UP THE 40 THOU, THE 40, I'M SORRY, THE 4 MILLION WERE JUST A COUPLE OF BUYOUTS.
SO IT'S INCONSISTENT RIGHT NOW WE DON'T, WE DON'T KNOW WHAT WE WOULD PROJECT FOR.
SO WE, WE CAN'T TREND REALLY PORTION THE SAMPLE SIZE IS TOO SMALL AND IT'S NOT EVEN A YEAR OLD.
SO WE DON'T, WE DON'T KNOW THE FULL BREADTH OF THE YEAR YET.
SO WE'LL, WE'LL GO AHEAD THEN.
UM, YOU MENTIONED ESSENTIAL USE BONDS, UM, FOR THE H I C, WHICH BUYS, UH, EXISTING ACQUIRES EXISTING PROPERTIES.
UM, BUT WE DON'T HAVE THAT TOOL FOR ROUNDUP DEVELOPMENT, WHICH WE CAN ACTUALLY BY SEEING IT CORRECTLY, MAY HAVE GOT THIS PART WE CAN USE ESSENTIALLY RESPONSE.
SO, SO, SO WE HAVE BEEN USING THEM FOR ACQUISITIONS AND WE'VE BEEN USING UM, PUBLIC FACILITY CORPORATION FOR GROUND DEVELOPMENT.
THAT'S HOW IT SORT OF DIFFERENTIATED.
SO WE COULD USE CENTRAL RESPONSIBLE GROUND DEVELOPMENT.
WHAT I'M TRYING TO DO IS ON ALL THE TOOLS IN THE TOOLBOX.
UM, AND DID I MISS, SO THAT'S ROBIN TELL YOU ABOUT HOW THAT WORKS.
HOW'S AN OPPORTUNITY FUND? SO THAT'S THE OPPORTUNITY FUND FUNDED FROM EXPIRED, EXPIRING NO HOUSING DOLLARS.
AND THIS POINT ALL FUNDS ARE RAISED, SO THE CITY 6 MILLION IN, BUT ONCE THE REQUIRE THEY HAVE 40 MILLION IN PRIVATE MONEY.
IT 15, 1500 UNITS IN 10 YEARS, 40 MILLION AND 1500 UNITS.
AND THERE ARE VARIOUS BENCHMARKS.
OKAY, SO THAT NUMBER IS 40 MILLION.
THAT'S NOT, THAT'S A TOTAL PLUS.
SO, AND SO I COME UP WITH ABOUT 27 MILLION PLUS 40 MILLION, 27 MILLION ANNUAL MILLION, ROUGHLY TWO THIRDS OF THAT HAS 80% A BELOW.
AND THEN WE'VE GOT A POOL OF 40 MILLION.
IS THAT UP TO ONE 20? ABSOLUTELY.
UM, SO I, I, I ASK ALL THAT 'CAUSE I'M, I'M TRYING TO FIGURE IT OUT TOO.
HOPEFULLY THIS THIS HELPS THE
THERE'S SOME C PG HOME THAT WE USE FOR C P G THAT WE USE FOR, UM, FOR HOUSING INFRASTRUCTURE.
UM, AND IF, IF WE CAN FREE UP SOME CG THROUGH THE BOND, DIFFERENT ENTITIES, WE COULD PLOW MORE INTO SAY, UM,
IS THAT A FAIR STATEMENT? YES.
WELL THAT, THAT'S, THAT'S ALL I HAVE I WANT TO DO.
AND HOPEFULLY AS A A SUBCOMMITTEE WE CAN KIND OF SORT THROUGH THIS IS JUST FIGURE OUT WHAT THE WHOLE THING IS AND WHAT THAT REAL PLAN NEED IS THAT NEED MOVE ON.
UM, AND THAT'S, THAT'S SOMETHING THAT I REALLY LIKE
[01:00:11]
PRETTY SURE TIMELINE.WE'RE GONNA KNOW WHAT THE BIG INFRASTRUCTURE DOLLARS ARE GONNA GO TOWARDS THE TIMELINE ON THE WORK GROUP THAT THE, WE DON'T KNOW WHAT IT'S GONNA BE USED FOR.
WE DON'T TIMELINE, I MAY, I'LL SPEAK TWO MINUTES, BROUGHT UP THE IDEA PROPOSITION FROM AN ECONOMIC PERSPECTIVE PROPOSITION.
THE LAST WEEKS WHATEVER YOU POLICY, THAT'S THE 2017 PROPOSITION PARAGRAPH, THE VOTERS PROPOSITION FOUR, YOU HAVE TO COMBINE AND THAT'S ALL THE VOTERS ARE GONNA SEE.
ALL OF THE DETAILS WE WANT COMMUNICATE INTO ECONOMIC POLICY, HOUSING POLICY SOLUTIONS, POLICY DOCUMENTS, NONE OF THAT PROPOSITION.
SO IN YOUR MIND PROPOSITION MORE A GENERAL, UM, YOU KNOW, TYPES OF CASES SIMILAR TO, UH, HOW IS THE CITY ACCOUNTABLE KIND OF FOLLOWING THE PRIORITIES.
SO THE PROPOSITION, OUR POLICIES, POLICIES AND WHATEVER POSITION THAT GUYS, SO ANYTHING THAT'S LIKE HERE THAT WE WANT TO MAKE SURE STICKS AROUND.
OKAY, SO THIS, THIS DOCUMENT THOUSAND 17, LOOK AT PROPOSITION HIGH.
THAT IS A PROPOSITION THAT'S ECONOMIC THAT IS FIVE, 4 MILLION IN ONE PARAGRAPH, RIGHT? THAT'S REALLY ALL THAT.
IT WON'T BE IN THE POLICY DOCUMENT.
NO ON THAT THOUGH, THIS QUESTION, SHE'S HERE.
UM, SO THIS, WHEN THIS IS DIFFERENT THAN WHAT'S ON THE BALLOT ITSELF, THAT THAT IS WRONG.
THAT QUESTION PROPOSITION IS YES OR NO.
SO THEY'RE ALL PHRASES A QUESTION.
AND THAT IS, WELL, AND THAT'S PART OF MY CONFUSION BECAUSE THAT'S NOT WHAT IS ON THE, UH, THAT'S NOT WHAT'S ON THE DALLAS COUNTY, UM, UH, SAMPLE BALLOT FROM 2017.
IT'S LIKE TWO SENTENCES THAT SUMMARIZES THIS OKAY.
AND SO, BUT THE POINT OF THAT QUESTION IS, IS THIS WHAT WE, WE ARE ACCOUNTABLE TO THAT COUNCIL VOTES ON AND THEN THERE'S A AND THERE'S A, THERE'S SEPARATE LANGUAGE BY THE, UH, BY THE GENERAL LAWYER.
WELL, TO ANSWER YOUR QUESTION BRIEFLY, I THINK WHAT THE TASK FORCE THAT YOU ALL PROPOSED, THE HIGH MEDIUM DOLLAR, AND THEN WHAT WE'VE ASKED YOU TO DO IS IN DEPOSIT ANY
[01:05:01]
WE CAN INTO OUR POLICY, WHATEVER IT'S THAT YOU PROPOSE THIS PROPOSITION WILL BE, IF YOU DON'T MIND.WHAT I'M TRYING TO FIGURE OUT IS WHAT WE'RE ACCOUNTABLE TO, WHETHER IT'S THIS OR WHAT'S IN THE, UH, WHAT'S ON THE BALLOT ACTUAL AMOUNT IS THE ISSUANCE OF FIVE THREE $3,081,000 FOR ATION FOR SIX 50,000.
SO ARE WE ACCOUNTABLE TO THIS, WHAT WE CREATE TO BE, UH, VOTED ON BY COUNSEL? ARE WE ACCOUNTABLE? THE ONES ON BALLOT? THE ANSWER IS YES.
PROPOSITION PAGE SECOND TO LAST PAGE.
AND THAT WAS, WE COULD DO THOSE DOLLARS.
SO TO ANSWER YOUR QUESTION YES.
BALLOT'S, UM, ON IT JUST TO MAKE SURE THAT THERE MAY BE A, THE, OKAY, ONE QUICK FOLLOW UP TO THAT AGAIN, JUST TO REEMPHASIZE FORM HERE ON SPEED READING YOUR PROPOSITION, I, SO AS YOU KNOW, WE'VE GONE THROUGH THIS PROCESS OVER, YOU KNOW, THE LAST SIX MEETINGS WHERE WE'VE SEEN SOME DETAILED PROJECTS AND DEVELOPMENT AND HOUSING.
AND WHEN SIMPLY READ THIS DOCUMENT HERE, PROPOSITION I IT'S PRETTY BROAD.
UM, SO WHERE DO WE LAND IN THE, HERE ARE, ARE WE POTENTIALLY CREATING A, YOU KNOW, A LANDMINE BY BEING TOO SPECIFIC WITH OUR RECOMMENDATION PART PUT IN HERE AND WE CREATES A PROBLEM DOWN LINE WITH PROJECT MATERIALIZE PROJECTS.
THAT PROPOSITION TO INTERESTING BECAUSE I, I CAN TELL FROM THE THIRD MEETING THAT I, I MET THEIR FOLKS, IT'S VERY BINARY.
IT'S EITHER WE WANT MORE SPECIFICS OR WE WANT THEM STILL, IT'S, IT'S ONE OF THE TWO.
AND UH, SO I, I THINK WE'VE HAD INSTANCES WHERE, UM, INTO THAT SPECIFICALLY FOR THE LANGUAGE, IT'S IMPORTANT.
BUT I THINK IT, SO BACK TO YOU ROB.
SO IS IT FAIR TO SAY THAT YEAH, NO, THAT'S GOOD.
IS IT FAIR TO SAY THAT A PROJECT THAT, THAT YOU AND YOUR TEAM RECOMMENDED TO THIS BODY ARE, ARE BROAD ENOUGH TO COMFORTABLE WITH A SPECIFIC RECOMMENDATION FOR THE INTERNATIONAL DISTRICT, U T, ET RIGHT.
I MEAN I THINK WE COULD SPEND A HUNDRED MILLION DOLLARS ON TWO OF THOSE.
SO WE PICKED ENOUGH FLEXIBILITY, OPTION FOUR WAS COMBINED, SO WE TALKED ABOUT MAYBE HAVING CATALYTIC AREAS AND THEN THE SECOND OPTION.
SO COMBINATION OF THOSE PURPOSEFULLY, THAT WAS THE DIRECTION WE WANTED GO.
[01:10:01]
THOSE, THE BEST PROPERTY IS TO COMBINE, I DUNNO WHICH ONE, UM, ROBIN, I'LL, SO WHEN YOUCORRECT? IN THE, IN THE LANGUAGE IS, YOU KNOW, WE SPENT A LOT OF TIME ON GETTING INTO PIECE.
BUT IF THE LANGUAGE, IF THE LANGUAGE THAT HAS TO BE WRITTEN IS, IS SO BROAD, WHY ARE WE LOSING IT PROBABLY FEELS LIKE THE WEEDS.
BUT WITH EACH OF THE FOUR OPTIONS, REALLY IT IS STILL ZERO FOR THREE WORDS, RIGHT? IF YOU WANTED TO INVEST PROJECT, THEN THE PROPOSITION WOULD BE SOMETHING LIKE IN 2017 AND IT WOULD SAY THIS, THIS, THIS, THIS AND SOMETHING.
SO IF, IF WE GO BACK TO THOSE, THOSE FOUR PROPOSITIONS AND WE LOOK AT THE DETAILS THAT WE HAVE DISCUSSED AND WE GO BACK TO THE, THE FOUR AREAS AND SAY, OKAY, WE WANTED MOVE THIS, BUT AT THAT WE WANNA PUT MORE HERE AND LESS DATA.
BUT THAT'S STILL SATISFY AND 'CAUSE WE DO KNOW CITY COUNCIL, THEY'RE GONNA STOP WHATEVER WE DO A LITTLE MORE.
BUT, BUT RIGHT NOW TO REFOCUS AND GO BACK TO WHAT OUR TASK AT END IS TO LOOK AT THIS BOND, THIS IS A MILLION DOLLARS, 1.1 MILLION BOND AND SAY, UH, AT EQUITABLE AND HOMELESS, THESE ARE THE PART, THESE ARE THE AREAS WE WANT TO, WE WANT TO TAKE X AMOUNT OF POCKET NUMBERS 200 MILLION AND OF THOSE 200 MILLION I WANNA FOCUS ON THIS, THIS AND THAT, NOT THAT.
AND THEN COME BACK AND SAY THIS IS WHAT WE'RE, WHAT WE'RE LOOKING TO DO WITH THIS AMOUNT OF MONEY AND HOW YOU GUYS WRITE IT UP IN ORDER TO PASS LEGAL AND GET ON THE BALLOT IS WHAT YOU NEED TO DO.
THAT'S THE FEEDBACK THAT YOU'RE LOOKING FOR FROM THE SUBCOMMITTEE IS OF THE ALL THE THINGS WE TALKED ABOUT, WHICH ONES DO YOU WANNA SUPPORT? AND THEN WE'LL FIGURE OUT HOW TO DRAFT THE COMPOSITION.
I THINK DRAFT, IF YOU WANNA SPEND IT IN CERTAIN CATALY AREAS OR CERTAIN TARGET AREAS OR SOMETHING LIKE THAT.
BUT WE WOULD JUST HAVE MENTIONED THAT PIECE PROPOSITION OR WE, YOU KNOW, SOMETHING LIKE AT LEAST 50% OF WHICH MUST BE SPENT IN TARGET AREAS, 5% OF WHICH MUST BE WHATEVER THE SUBCOMMITTEE, WE'LL TWEAK THE PROPOSITION THAT, BUT UP UNTIL THIS POINT HAD THIS CONVERSATION.
I GO BACK TO AND UM, EACH ONE OF THESE PROPOSITIONS, IF WE'RE, IF WE'RE GOING TO GATHER THAT THE, THE ELECTION BOND PROPOSED PROPOSITIONS WILL SOMETHING LIKE THIS, RIGHT? THEN CAN I, THIS IS UH, A NOVICE QUESTION.
UM, WHEN WE LOOK AT WHERE WANTS TO SPEND ECONOMIC, DEVELOP AND INFRASTRUCTURE, BUT WE HAVE, HELP ME UNDERSTAND WHY ECONOMIC MEAN, WHY ARE, WHY IS ECONOMIC DEVELOPMENT MONEY BEING ASKED FOR LIKE THE JOY AND THE CHALLENGE OF ECONOMIC DEVELOPMENT IS THAT EVERYTHING THEORETICALLY CALL ECONOMIC DEVELOPMENT, RIGHT? BUT UNLESS IT
[01:15:01]
CREATES JOBS, GROSS TAX OR SOME OTHER POLICY, VERY FOREFRONT PARTS IN PARTICULAR LOT DOES NOT FUND NATIONAL CENTER BECAUSE THAT PART LARGER ECONOMIC.AND SO THAT ONE THEY LET US, BUT WE GET REQUESTS ALL, ALL THE TIME.
AND THIS IS GONNA BE MY, I THINK, UM, SO WHEN I'M LOOKING AT THIS, I'M LOOKING AT THE WORDING AND I'M LOOKING AT THE ASK YES FOR EACH ONE.
IF WE DID SOMEHOW FROM WHAT YOU JUST SAID, GET A ASK AND ECHO THAT THAT SHOULD BE SOMEWHERE ELSE AND LEGALLY IT CANNOT BE DONE AND ECHO THAT, THAT WE HAVE A ASK THAT WE CANNOT ANSWER OR WE CANNOT, WE CANNOT PROVIDE.
AND WHAT HAPPENS THEN? SO IF I ASK FOR I THAT 200 MILLION AND OF THAT 200 MILLION, I'M ASKED FOR 75 MILLION OF THAT TO GO FOR INFRASTRUCTURE FOR AND SAYS YOU CAN'T DO THAT.
SO WHAT HAPPENS IS, DOES THAT ASK GET AMENDED FROM THE 201 25 BECAUSE THAT THAT 75 CAN'T BE HAD? OR DOES THAT MONEY THEN GO TO THE RIGHT DEPARTMENT? THAT OR THE RIGHT BOND YOU SHOULD GO TO? YEAH, GREAT QUESTION.
THE PROPOSITION JUST SECOND 17 WILL LIST ELIGIBLE ACTIVITIES.
THINGS LIKE LAND ACQUISITION, REHAB, PRIVATE INVESTMENT FOR PURPOSE, REALLY BROAD LIST.
AND THEN HOPEFULLY IT'LL LIST SOME KIND OF GUIDANCE ABOUT WHERE THIS OTHER NELSON S SOME HOW INDIVIDUAL PROJECTS.
SO IF SOMEONE COMES IN AND SAYS THEY WANNA BUILD, YOU KNOW, A PARK FOR EXAMPLE, UM, THAT THROUGH ALL OF OUR POLICIES AND SAY TAX DOESN'T PROPOSITION COUNCIL DECISION UNLESS THERE'S A WAY WE CAN TIE IT BACK TO ECONOMIC DEVELOPMENT.
I UNDERSTAND THIS WAY OF 2017 BOND WORKED IS WE HAVE BROAD QUESTIONS, BUT THEN THERE IS A, BETWEEN THIS AND THE ASSET, VERY GRANULAR LIST OF SPECIFIC PROJECTS THAT ALTHOUGH LEGALLY, UM, THERE'S NO MANDATE THAT THE CITY'S REQUIRED TO PROJECT 750,000 LOCATION FOR SPEED APPROVAL IN A SPECIFIC LOCATION.
AND SO THAT'S ON 17 TO SAY, OKAY, THERE IT IS CURRENT BUDGET, WE STILL PLANNING TO USE THAT SYSTEM.
SO WE COULD YOU HAVE THIS BROAD QUESTIONS HERE, BUT THAT WE WE COULD COME UP WITH VERY SPECIFIC, UM, REQUEST THAT THEY GO INTO, UM, FEED INTO THIS PROPOSITIONS LETTER.
LIKE $20 MILLION TO GO TO PROJECT.
EACH ONE OF THESE SHORT PARAGRAPHS HAS A WHOLE PIECE INVENTORY THAT WAS NOT ON THE, BUT THE STAFF INTERNALLY KNOWS THAT THE MONEY BORN 2017 BOND HAD THIS ENTIRE POLICY RELATED TO DISCRETIONARY FUNDS IN WHICH HISTORY, NONE OF THAT WAS ON BALLOT.
BUT STAFF KNEW THAT'S HOW THE MONEY WAS TO BE SPENT.
RIGHT? SO YOU DON'T NEED TO GIVE IN.
SO 27 REMIND IN 2012 THAT THE BOND WAS 35 MILLION AND THERE WAS HALF A MILLION FORT AND 10 MILLION FOR THE, THAT IN THE PROPOSITION WAS EXACTLY RIGHT.
SO WE DON'T HAVE TO SQUEEZE EVERYWHERE INTO THE PROPOSITION FOR ALL OF US TO UNDERSTAND THE DIRECTIVE ON, BUT SOME GUYS PROPOSITION, UM, AS LONG AS IT'S NOT SO NARROW THAT KEEPS US ABLE TO
[01:20:01]
THE FOLLOW UP QUESTION, SINCE THAT'S NOT, UH, ALLEGATIONS EARMARKS, IS THERE SOME KIND OF UNDERSTANDING BETWEEN STAFF AND COUNCIL? SAY, SO LET'S SAY THERE'S A EARMARKED BUILD A FIRE STATION THAT UNDERUTILIZED.WHAT HAPPENS TO THAT? YOU GO TO COUNCIL.
SO IF THERE'S A STREET PROPOSITION AND INVENTORY ALL ORDER, EACH ONE OF THOSE STREETS STILL HAS TO GO.
THIS WHAT HAPPENS IF THERE'S INTERNAL DECISION THAT'S DIFFERENT THAT CHANGES LIKE FROM THE INITIAL INTERNAL DECISION? YOUR HONOR, WHAT HAPPENS FOUR YEARS LATER WHEN THERE'S CHANGE PREFERENCE? AND THAT HAPPENS ALL THE TIME.
THERE'S INTERNAL MEMOS ALL OVER THE PLACE.
COUNCIL MEMBERS WANT TO CHANGE PROJECTS.
AND SO FOR THE INFRASTRUCTURE RELATED PROPOSITIONS, IT HAPPENS ALL THE TIME.
OUR PROPOSITION, IT NEVER HAPPENS BECAUSE THE WAY OUR INTERNAL THOUSAND 12, THOSE WERE NOT PROJECTS SPECIFICALLY WERE AREAS.
SO YES, WE WERE ABLE TO DEPLOY, UH, THOSE PRODUCTS IN THE BUT FOR, FOR SPECIFIC INFRASTRUCTURE PROJECTS, YES, THOSE DECISIONS GET CHANGED INTERNALLY ALL THE TIME.
AND THEY'RE DOCUMENTED BY MEMOS AND MANAGER.
AND THAT'S WHY WE, I THINK WHAT I'M HEARING THOUGH FROM SOMEONE THAT COMMUNITY MUSEUM JUST EXTERNALLY IS A DESIRE TO HAVE SPECIFIC PROJECTS LISTED AND TO HAVE THAT BE MORE EXTERNALLY VISIBLE SO THAT IT'S NOT JUST CITY COUNCIL OR STAFF THAT ARE MAKING CHANGES LATER ON THAT THE CITIZENS HAVE SOME SORT OF INSIGHT AND ALL ACCOUNTABLE FOR THAT.
AND THAT, AND I THINK JUST, I DON'T THINK ANYBODY WANTS TO MAKE IT SO NARROW THAT YOU DON'T HAVE THAT LITTLE ROOM LATER ON.
BUT WHAT I'M HEARING IS THE DESIRE TO HAVE SOME SORT OF GUIDANCE THAT'S MORE NARROW WITH THIS BROAD LANGUAGE THAT YOU'RE, LET US KNOW WHAT THAT IS AND WE'LL FIGURE OUT HOW TO GET INTO COMPETITION.
I WOULD SAY AT THE END, WHATEVER THAT LIST IS.
ANY OTHER QUESTIONS BEFORE WE WRAP UP? OKAY.
OKAY, SO I CAN CALL THE SHOTS NOW, RIGHT? LEMME TELL YOU.
UM, NO, I ACTUALLY DIDN'T, UM, HAVE ANYTHING PREPARED TONIGHT.
UM, JUST TO REHASH WHAT WE'VE SAID, FOR US IT'S VERY SIMPLE.
UM, AS FOLKS HAVE SAID, IT'S IMPORTANT THAT WHATEVER METHOD OUR PROPOSAL TAKE, UM, THERE'S A SPECIFIC CARVE OUT JUST FOR THOSE WHO ARE UNSHELTERED.
UM, OTHERWISE IT EASILY GETS USED FOR OTHER THINGS.
NOW THAT COULD LOOK LIKE A SPECIFIC PROPOSITION.
IT COULD LOOK LIKE A SPECIFIC CARVE OUT FRONT SHELTER AND IT COULD LOOK LIKE A ZERO TO 30% A M I CARVE OUT BECAUSE IF YOU'RE UNDER 30% A M I I DON'T KNOW HOW YOU'RE HOUSED AND YOU PROBABLY THAT'S, THAT'S OUR FOLKS.
UM, SO YOU CAN LOOK AT IT THAT WAY TOO.
BUT WHAT I CAN SAY IS WITHIN THAT, AND WHEN ROBIN WAS TALKING ABOUT, UM, THINGS THAT THEN ARE BAKED INTO OUR SPECIFIC DEPARTMENTS, YOU KNOW, YOU'LL SEE IN THE PROPOSITION THAT ROBIN
[01:25:01]
PUT IN FRONT OF YOU, WE ACTUALLY ADDED SOME OF OUR STUFF TO THAT AND IT SAYS, UM, SUPPORTIVE HOUSING.AND WHEN I SAY SUPPORTIVE HOUSING, WHAT I MEAN AND WHAT O H SS IS GOING TO BE, THAT WILL BE BAKED INTO KIND OF THE SUBTEXT OF THIS IS ZERO TO 30% A M I HAS TO BE PERMANENT SUPPORTIVE HOUSING STANDARDS.
AND THAT'S JUST ACROSS THE BOARD.
ALL OF OUR HOUSING HAS TO BE THAT STANDARD.
UM, AND IT HAS TO BE REFERRED TO US THROUGH THE COORDINATED ACCESS SYSTEM, WHICH MEANS THEY'RE COMING FROM, UH, THE COORDINATING FROM THE CONTINUUM OF CARE IN AN EQUITABLE MANNER.
IT'S NOT JUST FIRST COME, FIRST SERVE.
AND THEN OF COURSE WE HAVE TO BRIDGE PROJECT, BUT THAT IS A CITYWIDE INITIATIVE.
AND SO YOU'RE TALKING ABOUT RENOVATION THAT INCLUDES THE BRIDGE.
UM, SO IT WOULD MAKE SENSE EITHER WAY.
I THINK IT'S JUST WHEN WE TALK ABOUT HAVING A STANDALONE PROPOSITION, IT'S JUST BECAUSE IT'S, IT'S EASIER WHEN YOU'RE LOOKING AT HOMELESSNESS, UM, WHEN YOU'RE LOOKING AT IT AS A M I, IT STILL HAS TO HAVE THOSE CARVE OUTS, BUT IT CAN BE DONE EITHER WAY.
UM, I THINK IT'S JUST AT THE END OF THE DAY WE HAVE THE BRIDGE PROJECT AND AS I'VE SAID BEFORE, THAT IS THE MOST IMPORTANT THING FOR US.
AND THEN THE REST OF IT, WE'RE REALLY INTERESTED IN LOOKING AT GAP FINANCING TO BE ABLE TO PARTNER ON PROJECTS THAT HAVE BEEN DISCUSSED TONIGHT.
MUCH QUESTIONS VERY MUCH WE SEE.
UM, SO LET'S, LET'S TALK A LITTLE BIT ABOUT NEXT STEPS.
UH, THIS WAS OUR LAST REGULARLY SCHEDULED MEETING.
UH, SO I, I SUGGEST THAT WE ADD ONE AT A TIME AS NEEDED.
HOW ABOUT ADDING ONE NEXT TUESDAY, NINE 6:00 PM ANYBODY HAVE A HARD CONFLICT WITH THAT? TUESDAY THE 29TH? THAT'S WHEN THE LAST ONE WE SCHEDULED GOT CANCELED.
TALK ABOUT YES, I THINK WE'VE GOT THUMBS UP.
SO WE HAVE A SCHEDULED MEETING TO BEGIN DISCUSSIONS ON APPLICATIONS NEXT TUESDAY, 29 6:00 PM AND THERE ARE NO QUESTIONS.
ANY OTHER QUESTIONS? YOUR HONOR, 2016, THE ECONOMIC DEVELOPMENT, HOUSING AND HOMELESS SOLUTIONS SUBCOMMITTEE NUMBER SIX, HELD ON TUESDAY OFFICE.
THE 27TH, 22ND, PARDON ME, HAS BEEN CONCLUDED OR ADJOURNED AT 7:25 PM BY HERE TONY.