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[Dallas Oak Cliff Gateway TIF District Board of Directors Meeting on February 26, 2024.]
THE, UM, CLIFF GATEWAY TO BOARD MEETING TO ORDER ON APRIL 26TH, 2024 AT 2:02 PM AND I'LL TURN THE MEETING OVER TO OUR CHAIR.UH, THANK YOU SO MUCH FOR ATTENDING TODAY.
UM, LIKE TO, UH, CALL THIS MEETING TO ORDER.
UM, AND FOR THE AGENDA TODAY, WE HAVE, UH, PUBLIC COMMENTS, UH, PERTAINING TO ITEMS THREE AND FOUR.
UM, AND WE'RE GONNA BE REVIEWING AND CONSIDERING THE MEETING, UH, RECORD MEETING, UH, REVIEW AND CONSIDERATION OF THE MEETING RECORD OF DECEMBER 11TH, 2023 OF THE OAK CLIFF GATEWAY, TIFF, UH, DISTRICT BOARD MEETING.
UM, I THINK WE NEED TO TAKE A VOTE ON THAT, RIGHT? OKAY.
UH, IF WE CAN GET A, UH, MOTION TO APPROVE THE MINUTES OR THE MEETING RECORD OF DECEMBER 11TH.
AND THEN, UH, I GUESS WE JUMP INTO THE, THE MEAT OF THIS.
UH, THIS IS GOING TO BE A REVIEW AND GENERAL DISCUSSION REGARDING THE IMPLEMENTATION OF THE CITY'S HOUSING AND NEIGHBORHOOD REVITALIZATION DEPARTMENT OF THE CITY'S NEW HOUSING POLICY, UH, INCLUDING, UH, EQUITY STRATEGY TARGET AREAS.
UH, THOR IS GONNA BE PRESENTS FOR SURE.
JOSE, IF YOU CAN GO AHEAD AND PULL UP THE PRESENTATION.
AND AS I MENTIONED IN EMAIL, UM, THE PURPOSE OF THIS IS REALLY TO KIND OF LAY THE GROUNDWORK FOR THE BOARD TO UNDERSTAND, UM, THE PLANNING AND ANALYSIS THAT'S BEEN UNDERTAKEN BY THE HOUSING DEPARTMENT.
AND THEN, UM, THIS SHOULD HOPEFULLY LAY THE GROUNDWORK FOR US TO, UM, DEPLOY OUR TIP DISTRICT FUNDS, UM, USE, LIKE UTILIZING THIS AS SORT OF A FOUNDATION AND THE OPPORTUNITY TO KIND OF, UM, DO SOME ADDITIONAL, UM, CUSTOMIZATION.
THANKS FOR INVITING ME TO, TO CHAT WITH YOU ALL TODAY.
I'M FLORIDA AN ASSISTANT DIRECTOR IN THE DEPARTMENT OF HOUSING.
UM, I'LL BE SHORT WITH MY PRESENTATION TODAY.
UH, HAPPY TO ANSWER ANY QUESTIONS YOU ALL HAVE AS, AS I CONCLUDE.
SO, SLIDE TWO, I'LL QUICKLY TALK ABOUT THE BACKGROUND.
I'LL REVIEW WHERE OUR POLICY IS AND THEN I'LL TALK ABOUT HOW WE DEFINED OUR EQUITY STRATEGY TARGET AREA.
UH, ON APRIL 13TH, CITY COUNCIL APPROVED OUR NEW HOUSING POLICY.
IT'S CALLED DALLAS HOUSING POLICY 2033.
AND IT'S CENTERED AROUND SEVEN PILLARS OF HOUSING.
IT'S IMPORTANT TO NOTE THAT IT, IT WAS BASED ON THE FOUNDATION OF OUR COMPREHENSIVE HOUSING POLICY UNDERGOING A RACIAL EQUITY AUDIT.
UM, UH, WITH THE RECOMMENDATION FROM FORMER COUNCIL MEMBER CASEY THOMAS, ASKING US TO LOOK AT THE BENEFIT AND BURDENS OF OUR PROGRAM AND MAKE SURE THAT IT WAS AN ACTUAL POLICY, UH, WHAT WE FOUND OUT IS IT WASN'T A POLICY, IT WAS A COMPILATION OF PROGRAMS WITH SOME POLICY LIKE STATEMENTS, BUT IT DIDN'T REALLY GIVE US A ROADMAP ON HOW TO MOVE FORWARD, UH, WITHIN THE HOUSING DEPARTMENT.
UH, SO WE, UH, WORKED ON A, ON A PROCESS THAT LEADS UP TO SLIDE NUMBER FOUR AND THE SEVEN PILLARS OF HOUSING EQUITY.
PILLAR NUMBER ONE, UH, FALLS FOR US TO DEFINE AND ESTABLISH EQUITY STRATEGY TARGET AREAS WHERE WE CAN UNDERSTAND SPECIFIC DISPARITIES WITHIN THOSE AREAS AND THEN UTILIZE A TARGETED APPROACH TO ADDRESS IT.
BEING THE CITY'S HOUSING DEPARTMENT, WE OBVIOUSLY NEED TO CONTINUE TO HAVE A CITYWIDE PRODUCTION AND PRESERVATION APPROACH, MEANING WE CAN'T JUST DO ALL OF OUR WORK IN THE TARGET AREAS 'CAUSE THERE'S NEED ACROSS THE CITY.
AND SO THE GOAL PILLAR NUMBER TWO AND THREE SPEAK TO A CITYWIDE STRATEGY TO PRODUCE MORE HOUSING UNITS AND TO PRESERVE HOUSING UNITS IN THE AFFORDABILITY REALM.
I WILL SAY THAT AFFORDABLE HOUSING FOLLOWS THE, THE TRADITIONAL IDEA THAT 30% OF A PERSON'S INCOME SHOULD GO TO THEIR HOUSING.
AND THE PRIMARY PEOPLE WE SERVE ARE GENERALLY UP TO 80% OF THE AREA MEDIAN INCOME, ALTHOUGH SOME OF OUR PROGRAMS ALLOW US TO GO UP TO ONE 20.
SO WE'RE REALLY SERVING THAT LOW MOD POPULATION THAT EXISTS IN DALLAS.
UM, WHERE MANY OF OUR HOUSING DEVELOPMENTS WILL HAVE A MIXED USE OR MI MIXED INCOME COMPONENT, MEANING THEY HAVE PEOPLE THAT EARN GREATER THAN 120% A MI IN THEM.
BUT THE MONEY THAT WE INVEST IN HOUSING UNITS, UH, TYPICALLY SERVES OUT LOWER MODERATE INCOME POPULATIONS.
WE ACKNOWLEDGE THAT THERE'S AN INFRASTRUCTURE NEED IN OUR CITY THAT THERE NEEDS TO BE WATER WASTEWATER IMPROVEMENTS.
THERE MIGHT NEED TO BE, UM, STREET IMPROVEMENTS AND, AND STREETS.
SO WORKING TOGETHER WITH PUBLIC WORKS AND TRANSPORTATION, WE KNOW WE NEED TO IDENTIFY AREAS THAT NEED, HAVE INFRASTRUCTURE NEEDS THAT WOULD RESULT IN THE HOUSING UNITS AT THE END OF IT, PILLAR FIVE SAYS WE NEED TO COLLABORATE AND COORDINATE THE WORK.
UM, NO, NOT SLIDE FIVE, UH, PILLAR.
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THAT THAT MEANS THAT WE NEED TO HAVE, UH, GOOD WORKING RELATIONSHIPS WITH LIKE ECONOMIC DEVELOPMENT OFFICE AND OUR PUBLIC WORKS DEPARTMENT IN DALLAS WATER UTIL DO SO THAT WE CAN COORDINATE THINGS AND WE'RE NOT JUST IN ISOLATION.PILLAR SIX SAYS THAT WE WILL HAVE COMMUNITY ENGAGEMENT, UM, THAT LED UP TO CREATING THIS POLICY.
WAS, UH, YOU CAN STAY ON SLIDE FOUR, PLEASE.
I KNOW YOU WANT ME TO HURRY UP.
I, I TAKE THE, UM, COMMUNITY ENGAGEMENT MIGHT
CAN YOU GO BACK TO SLIDE FOUR? THANK YOU.
THE ENGAGEMENT WORK, UH, CARRIED THROUGHOUT OUR SELECTION OF THE TARGET AREAS AND WE'LL CONTINUE FORWARD THROUGHOUT OUR POLICY.
AND THE LAST PILLAR SAYS, EDUCATION.
UH, PEOPLE HAVE DIFFERENT OPINIONS ON WHAT THEY WANT IN THEIR NEIGHBORHOODS AND WHY.
AND THOSE ARE ALL VALID RESPONSES TO PEOPLE AS THEIR RELATIONSHIP WITH THEIR NEIGHBORHOODS IS A VERY STRONG ONE.
WHAT WE WANT TO DO THROUGH OUR EDUCATIONAL CAMPAIGN IS WORK TO UNDERSTAND WHAT AFFORDABLE HOUSING IS AND ISN'T WHERE IT MAKES SENSE, JUST LIKE ANY OTHER LAND USE DECISION THAT WOULD COME BEFORE ANYBODY.
UH, BUT WE WANT TO CONTINUE TO SUPPORT THAT AFFORDABLE HOUSING IS NEEDED ACROSS THE CITY.
SO WE WORK WITH A GROUP CALLED TDA, UH, CONSULTANTS.
THEY ARE A, A NATURAL CONSULTING FIRM THAT HELPS, UH, MUNICIPALITIES WITH, UM, DATA OR POLICY THINGS.
AND, UH, THEY DID A, A STUDY FOR US TO HELP US IDENTIFY OUR EQUITY STRATEGY TARGET AREAS.
WE USED TWO PRIMARY DATA SOURCES FOR THIS, THE ESTABLISHED DALLAS EQUITY OR RACIAL EQUITY IMPACT ASSESSMENT TOOL, WHICH LOOKED AT THINGS LIKE RACE AND POVERTY, RACE, ETHNICITY, POVERTY, UH, HOME OWNERSHIP, THE SOCIAL VULNERABILITY INDEX, AGE OF RESIDENCE.
AND IT GRADED THE ENTIRE CITY SINCE THIS BLOCKS FROM ONE TO FIVE, FIVE BEING THE MOST HISTORICALLY DISINVESTED AND ARE THE AREAS THAT HAVE THE MOST RACIAL EQUITY SEPARATIONS ACCORDING TO, CONSIDERED AGAINST THE POPULATION AS A WHOLE.
OUR MARKET VALUE ANALYSIS WAS A STUDY DONE BY THE REINVESTMENT FUND OUTTA PHILLY, AND THEY LOOK AT THE ECONOMIC CONDITION, RESIDENTIAL ECONOMIC CONDITION OF THE CITY, AND GRADES EACH OF OUR CENSUS BLOCKS FROM AN A THROUGH AN I, UH, AN A GROUP WOULD HAVE A MEDIAN HOME SALES PRICE AROUND $1.4 MILLION, WHEREAS THE I GROUPING WOULD HAVE A MEDIAN HOME SALES VALUE OF AROUND 165,000.
SO WHAT WE DID IS WE COMBINED THOSE TWO THINGS EQUALLY RATED, THAT TELLS US THERE IS A HISTORICAL DISINVESTMENT AND THERE'S A WEAK TO MID MARKET CONDITION.
SO IF YOU LOOK AT THE TWO MAPS ON THE LEFT, WE MARRIED THE PURPLE AND THE YELLOW TOGETHER BECAUSE THOSE ARE AREAS THAT HAVE HISTORICAL DISINVESTMENT AND WEAKER MARKETS.
WE ALSO THEN LOOKED AT WHERE OTHER DEPARTMENTS ALREADY HAD PROJECTS IN THE WORKS, LIKE WHERE WAS DALLAS WATER UTILITIES WORKING OR PUBLIC WORKS OR TRANSPORTATION OR PLANNING AREAS SO THAT WE COULD ENSURE THAT OUR HOUSING EQUITY INDEX WOULD, UM, SHOW WHERE THERE WAS COLLABORATION ALREADY HAPPENING, WHICH IS ONE OF OUR PILLARS.
SLIDE NUMBER SIX, PLEASE SHOW YOU WHAT HAPPENS WHEN WE DID THAT MADE ANALYSIS.
SO WHAT YOU'RE SEEING HERE IS THOSE BROWN COLORS AS THE HIGHEST POTENTIAL INVESTMENT MEANS.
THOSE AREAS HAD A VERY HIGH EQUITY SCORE, A FOUR OR FIVE, AND MOST LIKELY AN HR AND I MARKET CONDITION.
THE BLUE AREAS WOULD BE THE NUMBER FOUR.
AND THEY MIGHT HAVE HAD A RACIAL EQUITY SCORE OF LIKE A THREE AND MAYBE A, A G AND AN H CATEGORY.
SO THE WHOLE CITY WAS COLOR CODED, BUT THESE ARE THE TOP FOUR CATEGORIES ACROSS THE CITY TELLING US, LIKE WHERE WE COULD BE WORKING BY USING THAT ANALYSIS SAYING THESE AREAS HAVE A HISTORICAL DISPARITIES IN A WEAKER MARKET CONDITION.
THESE WOULD BE YOUR TOP AREAS TO FOCUS ON IN THE CITY.
WHEN TDA LOOKED AT THE WORK THE HOUSING DEPARTMENT DOES, WE DO HOUSING PRODUCTION AND PRESERVATION WORK.
PRIMARILY THE AREAS IN THE NORTHERN SECTOR THAT ARE THOSE RED COLORS, WHEN YOU TAKE A CLOSER LOOK, THOSE ARE MOSTLY APARTMENT BUILDINGS THAT MIGHT BE AGING, HAVE SOME CONDITION STUFF, BUT THERE'S NOT A LOT OF HOMEOWNERS THERE.
SO THERE'S REALLY ONLY ONE THING THAT WE COULD BE DOING WHERE IN THE SOUTHERN SECTOR AND TOWARDS WEST DALLAS, THERE'S MORE OPPORTUNITIES TO DEPLOY THE WHOLE SUITE OF SERVICES THE HOUSING DEPARTMENT DOES, WHICH IS IMPORTANT 'CAUSE WE WANT TO HAVE A TARGET AREA WHERE WE CAN INVEST IN FOR THE NEXT FIVE YEARS.
WE WANNA MAKE SURE WE CAN DEPLOY ALL OF OUR RESOURCES TO THAT AREA.
AND SO WHAT WAS A RESULT OF THIS? THAT WAS LOOKING AT THE TOP CATEGORIES.
UM, AS WE GOT DONE WITH THAT, WE LAUNCHED A COMMUNITY ENGAGEMENT INITIATIVE.
WE HAD A TELEPHONE TOWN HALL IN-PERSON MEETINGS, FOCUS GROUPS WITH NONPROFITS, ENVIRONMENTAL ADVOCATES, IMMIGRANT, UM, ADVOCATES, HOUSING ADVOCATES TO UNDERSTAND IF THIS DATA WAS RESONATING WITH THEM AND UNDERSTAND THAT THESE WOULD BE AREAS TO FOCUS ON WHAT OTHER THINGS MIGHT BE NEEDS THERE.
UH, THIS SURVEY, WHICH I WON'T GO INTO IN DEPTH TODAY, JUST REAFFIRM SOME OF THE NOTIONS
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THAT PEOPLE WANT HOME OWNERSHIP.THEY DON'T WANNA SEE HOMES DEMOLISHED.
UH, THEY WANNA SEE DEVELOPMENT, THEY WANNA MAKE SURE THAT DEVELOPMENTS HAVE AN OPPORTUNITY FOR PEOPLE OF ALL MEANS TO LIVE THERE.
UH, AND THEY WANT THIS EVERYWHERE IN THE CITY, UM, WHICH IS REALLY IMPORTANT TO KNOW.
EVERYBODY WANTS TO MAKE SURE THAT THEY CAN STAY LIVING HERE OR IT'S AN AFFORDABLE PLACE TO LIVE.
SO OUR, WITH THAT, UH, SURVEY GREEN CONFIRMATION OF SOME OF THE THINGS WE DO, UH, AND THAT HOUSING EQUITY INDEX, WE LOOKED AT BLOCK GROUPS THAT WERE CLOSELY ALIGNED TO CREATE SOLID POLYGONS AND CAME UP WITH THESE THREE TARGET AREAS FOR US TO FOCUS IN.
AND THEY'RE NOT RANKED ONE, TWO, AND THREE.
IT'S JUST AREA ONE, AREA TWO AND AREA THREE FOR US TO FOCUS OUR INVESTMENT IN.
AND WHAT THAT MEANS FOR THE HOUSING DEPARTMENT IS WE PLAN TO SPEND AT LEAST 50% OF OUR BUDGET FROM ACROSS FUNDING SOURCES WITHIN THESE TARGET AREAS OVER THE NEXT FIVE YEARS.
UH, WHICH REALLY ALLOWS US TO INVEST MORE IN THESE AREAS THAN ACROSS THE CITY, BUT STILL BEING ABLE TO WORK ON PROJECTS ACROSS THE CITY THAT HAVE NEED.
BUT WHEN IT CAME TO A FUNDING PRIORITY, WE WOULD PRIORITIZE A PROJECT IN THESE AREAS.
UH, THIS REPRESENTS ABOUT 10% COLLECTIVELY OF THE CITY.
UM, YOU CAN SEE IN THE CHART THAT THE EIA SCORE COLLECTIVELY IN THE AREAS WAS ABOUT A FOUR OR FIVE.
UM, THE PORTION OF THE CITY, UM, YOU KNOW, IS, IS UM, MANAGEABLE WHEN WE LOOK AT THE ENTIRE CITY AND WE'RE, WE'RE ABLE TO ADDRESS 'EM MORE CLOSELY.
SO NEXT SLIDE IS TARGET AREA ONE, WHERE WE COMPARE SOME OF THE DESCRIPTIVE STATISTICS IN THAT AREA AGAINST THE CITYWIDE AS A WHOLE.
UH, YOU'LL NOTE THAT THE RENTER OCCUPIED HERE IS SLIGHTLY UP OVER THE CITY BEING ABOUT 66%.
YOU'LL SEE THAT THE HOUSEHOLD INCOME IS MUCH LOWER AT 36.
FIND THAT HIGHER EDUCATION IS MUCH, MUCH LOWER.
UH, YOU'LL FIND THAT THIS HAS A HIGHER PERCENT OF BLACK HOUSEHOLDS COMPARATIVELY ACROSS THE CITY.
UM, IF YOU'RE NOT FAMILIAR WITH THIS PART OF THE CITY, THIS IS CENTERED AROUND RIGHT OUTSIDE OF DOWNTOWN.
IT'S RIGHT AROUND FAIR PARK SOUTH DALLAS NEIGHBORHOODS.
PRIMARILY THE SOUTHERN MOST TIP OF THIS IS THE BOND TIME IDEAL NEIGHBORHOODS, WHEREAS THE NORTHERN MOST IS RIGHT AROUND THE FAIR PARK AREA.
TARGET AREA TWO TAKES US A LITTLE BIT FURTHER SOUTH.
UM, IT STARTS TO BE AT THE NORTHERNMOST TIP IS WHERE THE LEVY IS AT, RIGHT AT THE BOTTOM.
UH, YOU'LL MOVE AROUND TO CEDAR CREST NEIGHBORHOODS, UH, CADILLAC HEIGHTS, UH, NEIGHBORHOODS.
AND IT CONTINUES DOWN THAT LANCASTER BOULEVARD, UM, THROUGH THE WESTERNMOST PORTION.
IT ENDS AT, UH, THE TRINITY FOREST, UM, OR LOOP 12 TO THE SOUTH.
UH, OF NOTE HERE YOU'LL SEE THAT, UH, THERE IS ABOUT EQUAL HISPANIC POPULATION, HIGHER BLACK HOUSEHOLD POPULATION.
UM, CONTINUES TO BE MORE HOME OWNERSHIP, UH, COMPARED TO THE REST OF THE CITY IN THIS AREA.
UH, BUT IT STARTS TO BE ONE THAT'S PROBABLY MOST, UH, ALIGNED WITH, UH, THE TIP DISTRICT WE'RE TALKING ABOUT TODAY.
AND I ONLY HAVE ONE MORE SLIDE TO GO AND TALKS ABOUT TARGET AREA THREE, WHICH CONTINUES FURTHER SOUTH.
AND THIS REALLY IS RIGHT AROUND THE EDUCATIONAL CORRIDOR BETWEEN THE UNT CAMPUS ON THE LEFT AND QUIN AT THE TOP RIGHT, UH, FIVE MILE CREEK NEIGHBORHOOD OR CIGARETTE HILL IS RIGHT IN THE MIDDLE AT THE TOP.
UM, THE LAND USE PATTERNS IN HERE START TO HAVE SOME THAT ARE LIGHT INDUSTRIAL CHANGING TO RESIDENTIAL.
WE SEE THAT NOW, UM, GIVES US OPPORTUNITY TO UNDERSTAND MORE GROWTH OVER THE NEXT FIVE YEARS.
UM, YOU'LL NOTICE THAT THERE'S A 64% HOMEOWNER OCCUPIED, UH, HERE COMPARED TO 41%.
SO WE HAVE MORE HOMES, UH, THAT START TO BE MORE HAVING THAT PRESERVATIONAL NEED GIVEN THAT THE MEDIAN STRUCTURES WERE BUILT IN 1979.
UH, AGAIN, MEDIAN HOUSEHOLD INCOME IS LOWER AND YOU HAVE A MUCH HIGHER PERCENT OF, UH, BLACK HOUSEHOLDS HERE IN THE SOUTH, UH, SOUTHERN, UH, NEIGHBORHOODS HERE IN TARGET AREA THREE.
UM, SO JUST TO RECAP, YOU KNOW, WE DID A DATA DRIVEN ANALYSIS THAT LOOKED AT THE CURRENT DATA SETS THAT WE HAVE FROM THE MARKET VALUE ANALYSIS AND THE RACIAL EQUITY IMPACT TOOL.
UH, THREE AREAS THAT WE COULD FOCUS OUR, OUR EFFORTS IN.
UH, THE NEXT STEP WE'VE BEEN LOOKING AT WHERE THE TIP DISTRICTS, UM, WHERE THERE IS CONVERSATION IN TERMS OF WHAT OF THE HOUSING SERVICES OUTSIDE OF THOSE BOUNDARIES, UM, YOU KNOW, COULD BE DEPLOYED AND, AND WHERE I THINK THAT'S REALLY THE, THE HEART OF THE DISCUSSION NEXT IS JUST GETTING SOME OF YOUR FEEDBACK ON THAT.
BUT BEFORE THAT, I'M HAPPY TO ANSWER ANY QUESTIONS ABOUT THE METHODOLOGY WE USE PROCESS OR THESE AREAS THAT WE'VE THANKS FOR YOUR JOB.
ONE THING, LORI, YOU MIGHT MENTION IS LIKE THE SPECIFIC PROGRAMS THAT YOU THINK MOST LIKELY THE HOUSING STABILIZATION FUNDS WOULD BE USED FOR.
UM, SO WE OFFER HOME REPAIR ASSISTANCE.
WE'RE CURRENTLY WORKING ON AN AMENDMENT TO OUR MAJOR HOME REPAIR PROGRAM RIGHT NOW SET FOR MARCH 27TH.
UM, OVER THE LAST FEW YEARS WE'VE CREATED MULTIPLE ONE-OFF HOME REPAIR PROGRAMS. AND IT'S BEEN A LITTLE CUMBERSOME WHERE WE'VE, UH, CREATED INTERNAL COMPETITION WITH OURSELVES.
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THAT PROGRAM TO DO MAJOR SYSTEMS REPAIR STARTING, UH, IN APRIL, WHICH MEANS WE'LL FOCUS ON MECHANICAL AND ELECTRICAL PLUMBING UP TO $24,000 A HOUSEHOLD.SO WE CAN ADDRESS, UH, A COUPLE SYSTEMS THAT A PERSON HAS AND SERVE MORE PEOPLE WITH OUR, UH, RESOURCES RATHER THAN DOING THE WHOLE HOME OR RECONSTRUCTION OF FOLKS THAT WE'VE BEEN DOING THE LAST FEW YEARS, WHICH IS A LOT MORE CUMBERSOME.
UM, AND IT'S HARDER TO MOVE THOSE THOSE FUNDS.
WE ALSO HAVE OUR DOWN PAYMENT ASSISTANCE PROGRAMS. WE HAVE A PROGRAM DEDICATED TO RETAINING PEOPLE IN DALLAS WHO HAVE HAD A 10 YEAR, UH, RESIDENCY HERE THAT WANNA CONTINUE LIVING IN DALLAS, THAT NEED SOME HOME OWNERSHIP ASSISTANCE SO WE CAN HELP 'EM WITH THAT PROGRAM.
WE ALSO HAVE HOME BUYER ASSISTANCE FOR TARGETED PROFESSIONS LIKE FIRST RESPONDERS AND HEALTHCARE WORKERS.
AND WE HAVE OUR TRADITIONAL DHA PROGRAM THAT SERVES A HOME BUYER UP TO 80% AREA BEING INCOME.
ALL OF THESE PROGRAMS OFFER UP TO $50,000 IN DOWN PAYMENT ASSISTANCE.
SO THE FAMILY HAS TO QUALIFY FOR THEIR LOAN COURSE AND BE ABLE TO PURCHASE A HOUSE, UH, WHERE THEY CAN MAKE PAYMENTS THAT DO NOT EXCEED 35% OF THEIR INCOME.
THERE'S A 35% FRONT END RATIO, THOSE PROGRAMS. AND THEN WE HAVE, UM, OUR DEVELOPMENT PROGRAMS, BUT IT'S MOST LIKELY TO BE ARE THOSE LOANS OR GRANTS.
UH, THEY, THEY ACT AS A FORGIVABLE LOANS WITH A A 10 YEAR TERM ON THAT.
SO AS LONG AS THEY CONTINUE TO BE THAT HOMEOWNER FOR 10 YEARS, THEN THE, THOSE LOANS ARE FORGIVEN WITH OUR HOME REPAIR PROGRAM.
THOSE ARE ALSO FORGIVABLE LOANS AND THEY HAVE A FIVE YEAR TERM, SO THEY'RE FORGIVEN AT THE END OF FIVE YEARS.
THEY DO HAVE LIENS ON THEM AND DE RESTRICTIONS AND PROTECTED AT THE END OF THOSE TERMS. WE RELEASE THOSE AND THEN THAT ALLOWS THE EITHER HOME BUYER OR HOMEOWNER WHO'S GETTING HOME REPAIR ASSISTANCE TO THEN DO WHAT THEY WANT ON THAT SITE.
WHAT WAS THAT FIGURE AGAIN? FOR ON THE MAJOR ASSISTANCE REPAIR, IT'LL BE UP TO 24,000.
SO THOSE ARE THE TWO PROGRAMS MOST LIKELY TO BE UTILIZED IN THE HOUSING DEPARTMENT IN TERMS OF LIKE DIRECT ASSISTANCE TO CURRENT HOMEOWNER OR CURRENT HOMEOWNERS WITHIN THE AREA OR TO FUTURE HOME BUYERS WHO WANNA BUY A HOME IN THESE AREAS.
IT'S ALSO A NOTE THAT WITHIN OUR TARGET AREAS, WE HAVE A LOT OF OUR LAND BANK AND LAND TRANSFER LOTS THAT WE SELL TO DEVELOPERS TO PRODUCE AFFORDABLE HOMES THAT WOULD THEN BE ELIGIBLE FOR THOSE HOME BUYERS TO, TO BUY THEM.
SO THEY MEET ALL THE THRESHOLDS OF THE INCOME REQUIREMENTS AND THE SALES PRICE.
SO AS THOSE HOMES COME ONLINE WITHIN THESE AREAS, THEY CAN TAP INTO OUR DOWN PAYMENT ASSISTANCE WITHIN OUR TARGET AREAS.
'CAUSE THOSE WOULD COME IN ONLINE IN THE NEXT COUPLE YEARS.
SO THE, THAT THESE PROGRAMS WOULD BE MOST LIKELY FOR THE TARGETED ONE, TWO TO THREE? YES.
WELL, WE'LL ALSO DEPLOY OUR DEVELOPMENT PROGRAMS, BUT IN TERMS OF THE QUESTION ABOUT WHAT WOULD BE THE HOUSING INITIATIVES USING THE, THE TECH MONEY, IT WOULD MOST LIKELY BE THE HOME REPAIR AND HOME BUYER ASSISTANCE PROGRAMS BECAUSE THEY, THEY DIRECTLY SERVE PEOPLE.
SO THE GEOGRAPHY IS KIND OF WHAT'S FOR SOME DISCUSSION TODAY.
UM, I MEAN OUR ASSUMPTION IS THAT WE WOULD KIND OF LOOK AT TARGET AREA TWO BECAUSE IT'S CLOSEST TO THE OK GATEWAY TIP DISTRICT, BUT WE'RE NOT NECESSARILY BOUND BY THAT.
IF THERE'S SOME OTHER AREAS GENERALLY AROUND THE TIP DISTRICT THAT MIGHT BE IN NEED AS WELL.
YEAH, IIII WAS JUST FOLLOWING A COUPLE OF DEVELOPERS IN THERE AND THERE'S ACTUALLY A FLORIDA OF ACTIVITY GOING ON AND TARGET SOMETHING TO, UM, I, I'VE GOTTEN REACHED OUT A FEW FOLKS JUST SAYING THAT THESE ARE THE HOUSES THERE AT MEN PROJECTS, SO IT'S KIND OF NEAT TO SEE.
YEAH, HOUSING DEPARTMENT, WE HAVE AN ABUNDANCE OF ACTIVITY IN THE BOTTOM.
UH, WE HAVE OUR HOME REPAIR PROGRAMS AND HISTORIC 10TH STREET AND UM, I THINK WE'VE, WE'VE REPAIRED SIX HOMES TO DATE AND HAVE ANOTHER LIKE 14 ONLINE.
UM, WE'RE SCATTERED THROUGHOUT THE SOUTHERN PART OF TWO WITH HOME REPAIR PROGRAMS AND SOME HOME BUYERS STUFF.
SO WE HAVE A LOT OF ACTIVITY HAPPENING HERE, BUT IT'S JUST BEEN BY A MATTER OF, OF HAPPENSTANCE AND THROUGH THE DIFFERENT PROGRAMS SORT OF WORKING IN ISOLATION SO THAT WE COMBINE ALL THAT WORK TOGETHER, WE CAN MAKE MORE OF A RENEWED INTEREST.
ONE OF THE THINGS MOST IMPORTANT TO US IS THAT, YOU KNOW, WE DON'T JUST PLACE RESIDENTS ALONG THE WAY AND SO WE WANNA MAKE SURE THAT PEOPLE UNDERSTAND SOME OF THE, THE TOOLS THAT ARE AVAILABLE, MAKE SURE THAT HOMEOWNERS HAVE THEIR HOMES AND EXEMPTIONS AND THEIR SENIOR EXEMPTIONS AND ANYTHING ELSE THAT THEY MIGHT APPLY FOR.
SO WHEN WE, UM, GIVE A, A LOAN OR A GRANT TO SOMEONE, WE ALWAYS HAVE THEM DO, DO YOU HAVE THESE THINGS AND NOT GO TALK TO DEA AND MAKE SURE YOU HAVE 'EM.
BECAUSE AS A HOMEOWNER YOU SHOULD HAVE THOSE TO HELP REDUCE OR ALLEVIATE SOME OF YOUR PROPERTY TAX BURDEN.
WE DON'T FIND THAT OUR HOME REPAIR ASSISTANCE REALLY LIFTS UP THE VALUE BECAUSE MOST OF THE WORK WE'RE DOING IS INTERIOR.
SO PEOPLE'S PROPERTY VALUES ARE NOT JUST SHOOTING UP BECAUSE THEY INVESTED IN THEIR PROPERTY, ALTHOUGH SOME OF THE BIGGER DEVELOPMENTS OR LIKE
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THE NEW PARK AND STUFF COMING ONLINE AT THE ZOOS MASTER PLAN, WE'LL SEE THOSE MAKING MORE OF AN ECONOMIC IMPACT IN THE SURROUNDING NEIGHBORHOODS BECAUSE THE PROPERTY VALUE WILL GO.'CAUSE THERE THE AREAS A LITTLE BIT MORE DESIRABLE WITH THOSE, THOSE BIG CAPITAL IMPROVEMENTS.
SO WE, WE SEE THOSE THINGS SORT OF PLAY A ROLE.
THOSE PROPERTY TAX VALU ISSUES.
WELL, IS THAT THE THOUGHT DRIVING MAJOR SYSTEMS PREPARED BECAUSE OF THE DEFERRED MAINTENANCE ON LIKE A ROOF OR AC OR, YOU KNOW WHAT I MEAN? ONE OF THE THINGS THAT, YOU KNOW, WE HAVE, WE HAVE A LOT OF GENERAL CONTRACTORS THAT WANNA WORK WITH US, BUT WE ONLY HAVE SO MANY THAT WANNA WORK WITH CITY.
AND WHEN THEY'RE, WHEN THEY'RE TIED UP IN A THREE MONTH JOB DOING A WHOLE HOME, UM, THERE'S ONLY SO MANY YOU CAN GET DONE A YEAR.
IF WE FREE THEM UP AND THEY'RE COMING IN AND FIXING ELECTRICAL PROBLEMS OR WORK PROBLEMS, THEN THEY'RE IN AND OUT IN LIKE A FEW WEEKS.
WE CAN GET TO A LOT MORE PEOPLE AND WE MIGHT NOT BE ABLE TO ADDRESS EVERYTHING THAT THAT FAMILY HAS IN TERMS OF NEED, BUT WE'LL BE ABLE TO ADDRESS A FEW KEY THINGS TO HELP THEM, UH, STAY LIVABLE IN THEIR HOME OR A LITTLE BIT MORE COMFORTABLE IF WE CAN.
UM, ONE OF THE OTHER THINGS WE DID WITH OUR PROGRAM, HISTORICALLY, WE'VE NOT ALLOWED PEOPLE TO COME BACK FOR MORE SERVICE, RIGHT? WE, THERE'S SO MANY PEOPLE OF NEED HERE.
UH, BUT ONE OF THE THINGS WE WILL ALLOW IS WE CAN COME BACK AND SERVE ANOTHER PERMANENT PERSON IF THEY, IF THEY MEET THE, THE, IF THEY GET SELECTED AGAIN, UH, THERE WILL BE ADDITIONAL LIENS AND DEED RESTRICTIONS ON THEIR HOME.
WE CAN DO ADDITIONAL REPAIR WORK IN THE FUTURE WHERE WE DON'T JUST AUTOMATICALLY EXCLUDE THEM, UH, BECAUSE THE NEED IS STILL THERE.
AND THAT'S ONE OF THE THINGS WE HAVE TO ACKNOWLEDGE WHEN YOU GO THROUGH AND YOU, YOU SEE THE NEED, DOES THAT TRANSLATE INTO APPLICANTS? SO ANYTIME WE OPEN UP OUR APPLICATION PORTAL FOR HOME REPAIR, WE GET FIVE 800 APPLICATIONS, WHETHER THAT'S A SINGLE DAY OR A COUPLE WEEKS, WE GET HUNDREDS OF APPLICATIONS EVERY TIME WE OPEN UP FOR.
SO IT'S OPENED UP IN SHORTENED SEGMENTS.
AND IT IS TYPICALLY, SO EACH PROGRAM IS OPERATING A LITTLE BIT DIFFERENTLY.
THE HOME REPAIR PROGRAM HISTORICALLY IS OPEN FOR ONE DAY A YEAR.
PEOPLE STAND IN LINE AND WE SERVE FIRST COME FIRST SERVE.
AND WE FIND THAT TO NOT BE THE MOST EQUITABLE GIVEN THE AVERAGE PERSON WE SERVE IS IN THEIR LATE SIXTIES.
SO WHAT WE EXPERIMENTED WITH THIS LAST YEAR IS A LOTTERY SYSTEM WHERE WE GAVE PRIORITY POINTS FOR OUR SENIOR HOME REPAIR PROGRAM FOR BSRH.
UM, WE PLAN TO DEPLOY A LOTTERY OR A RANDOM SELECTION PROCESS AS MUCH AS WE CAN, UM, TO HIGHLIGHT GEOGRAPHIES.
YOU MIGHT GET AN ADDITIONAL POINT THERE.
YOU MIGHT GET AN ADDITIONAL POINT IF IT'S SENIOR HOME REPAIR MONEY, IF YOU'RE AT LEAST 65 MIGHT GET A SECOND POINT IF YOU'RE OVER 75.
'CAUSE WE UNDERSTAND WE WANNA BE ABLE TO PRIORITIZE OLDER SENIORS WITHIN A TARGET AREA.
THAT'S JUST A RECOMMENDATION FROM COUNCIL PASS PROGRAMS. AND THAT RANDOMIZED SELECTION WILL THEN ALLOW US TO SELECT PEOPLE, UM, MORE IN THAT PROCESS THAN HAVING THEM THEN QUEUE UP.
AND SO WE, WE FOUND THAT WORK EASIER.
WE, WE, WE RECEIVED LESS DOCUMENTATION FROM AN APPLICANT INSTEAD OF GIVING US ALL OF THEIR INFORMATION UP FRONT, BUT WE'RE ABLE TO WORK WITH PEOPLE TO, TO COLLECT IT A FEW DAYS AFTER SELECTION.
UM, SO THAT WAY THEIR DOCUMENTS JUST DON'T BECOME DATED AND SIT THERE WITH NO PURPOSE.
NOW THIS IS WHAT THE TIF FUNDS WOULD BE GOING TO TO OPEN UP MORE WINDOWS OR MORE SERVICE, MORE APPLICANTS.
SO RIGHT NOW, LIKE THAT'S NUMBER TWO.
I, I PROBABLY HAVE A COUPLE HUNDRED APPLICATIONS ALREADY RIGHT THERE.
WHEN I HAVE FUNDING DEDICATED FOR A PARTICULAR AREA, I CAN GO THROUGH AND LOOK AT MY SYSTEM OF WHO HAS ADDRESSES THAT ALREADY MATCH AND DO A RANDOMIZED SELECTION OF JUST THOSE APPLICANTS TO UNDERSTAND THAT I GOT AN ADDITIONAL, YOU KNOW, A HUNDRED THOUSAND DOLLARS TO SPEND IN JUST THIS AREA.
I CAN DO SPECIALIZED SELECTIONS FROM JUST THOSE AREAS, UH, TO SPEND THOSE FUNDS.
YEAH, AND I'M MOVING OFF THE TERM LOTTERY.
I GOT SOME FEEDBACK THAT SOME FOLKS DON'T PLAY THE LOTTERY AND THEY FAIL INTO THE LINE OF THEIR RELIGION.
SO I'M TRYING TO STICK TO THAT, UH, RANDOMIZED SELECTION AND, AND LOTTERY.
SO IT'S STILL A LEARNING CONFERENCE.
UM, HELP ME UNDERSTAND A LITTLE BIT BETTER, UH, THE, UH, THE USE OF OUR TIFF FUNDS FOR THESE HOUSING EQUITY STRATEGIES.
IS THAT A I I, I GET THE IMPRESSION THAT WAS NOT NECESSARILY THE, UM, UM, JUSTIFICATION FOR CREATION OF TIFS INITIALLY WASN'T TIFS, UH, TO, UM, TO ENCOURAGE ADDITIONAL DEVELOPMENT.
SO THAT WOULD INCREASE THE PROPERTY TAX OR THE TAX COLLECTIONS AND, UM, YOU KNOW, IN A BROADER SENSE AS OPPOSED TO USING IT ON HOUSING, HOUSING PROJECTS, HOUSING PROGRAM.
UM, TWO YEARS AGO, I GUESS IN 2022, WE DID A PLAN AMENDMENT WHEN WE EXPANDED THE TIF DISTRICT.
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TIME WE CREATED, UM, AN ADDITIONAL FUNDING CATEGORY CALLED HOMEOWNER.IT WAS CALLED HOMEOWNER STABILIZATION DISPLACEMENT MITIGATION.
SO IT WAS SORT OF A, UM, A DIFFERENT KIND OF AFFORDABLE HOUSING FOCUS.
SO WE STILL HAVE THE ABILITY TO INCENTIVIZE NEW DEVELOPMENT, INCLUDING NEW AFFORDABLE HOUSING.
BUT THIS WAS CREATED AS MORE OF A FOCUS ON, UM, MITIGATING THE IMPACTS OF THE TIP AND EXPANDING TIP, PARTICULARLY WITH THE DECK PART COMING AND A LOT OF CONCERNS ABOUT DISPLACEMENT AND GENTRIFICATION.
AND SO IT WAS A, UM, A NEW CARVE OUT OF SOME TIP FUNDING AND JUST, YOU KNOW, LAST YEAR WE HAD OUR FIRST COLLECTION, SO WE HAVE ABOUT 1.1 MILLION AND WE'LL HAVE AN ADDITIONAL LIKE COLLECTION, UM, THIS SPRING.
AND SO IT WAS, UM, IT WAS ADDITIONAL CONSIDERATION THAT WE KIND OF CONSIDERED AFFORDABLE HOUSING, BUT MORE FOCUSED ON STABILIZATION AND, UM, MITIGATING DISPLACEMENT OF RESIDENTS.
AND SO WE HAVE, UM, YOU KNOW, WE'RE JUST STARTING TO SET ASIDE FUNDS AND SO NOW'S THE TIME TO FIGURE OUT A STRATEGY FOR THAT.
AND SO THIS, UM, THE EQUITY STRATEGY AREAS IS KIND OF LIKE A JUMPING OFF POINT.
UM, YOU KNOW, THAT'S WHAT HOUSING DEPARTMENT'S KIND OF STRUCTURING THINGS AROUND.
BUT FOR OUR FUNDING, YOU KNOW, WE HAVE SOME FLEXIBILITY TO KIND OF GO A LITTLE BIT BEYOND THAT.
YOU KNOW, WE'LL PROBABLY, YOU KNOW, SUGGEST LOOKING AT TARGET AREA TOO, BUT NOT NECESSARILY BEING RESTRICTED TO THAT.
IF WE HAVE, YOU KNOW, A SLIGHTLY DIFFERENT GEOGRAPHY THAT WE MIGHT WANT TO FOCUS ON.
UM, AND THEN THE FUNDING, THE TYPES OF FUNDING, IT WOULD SEEM TO BE MOST LOGICAL TO FUNNEL INTO PROGRAMS THAT HOUSING ALREADY HAS, THAT THERE'S DEMAND FOR LIKE HOME REPAIR AND HOME BUYER ASSISTANCE.
SO WE'RE AT SORT OF THIS, UM, DISCUSSION STAGE WHERE WE'D LIKE TO BE ABLE TO, YOU KNOW, GET SOME FEEDBACK TODAY, COME BACK IN APRIL, AND TRY TO MAKE SOME DECISIONS ABOUT HOW WE WOULD RECOMMEND GOING FORWARD WITH OUR FUNDING.
SO WE COULD THEN START HAVING THOSE FUNDS TRANSFERRED TO THE HOUSING DEPARTMENT AND THEY CAN START DEPLOYING THEM.
AND WE ANTICIPATE THAT THERE WILL BE LIKE, YOU KNOW, REGULAR REPORTING, THE ABILITY TO, UM, TO ADJUST THE PROGRAM AS NEEDED AS THINGS KIND OF ROLL OUT.
TO TOM'S POINT THOUGH, I, I THINK I, I GUESS JUST, IT FEELS A LITTLE BIT ODD 'CAUSE WE'RE NOT COLLECTING REVENUE OFF OF PROPERTY TAXES FOR THE MOMENT, BUT TO SPEND ON THE HOUSING, THAT KIND OF GOES AGAINST WHAT I WOULD THINK A TRADITIONAL TIF.
WE HAVE GOTTEN, YOU KNOW, PART OF THE, THE IDEA BEHIND THAT AMENDMENT WAS THAT OVER SEVERAL YEARS, MORE AND MORE LIKE THE LEGISLATURE HAS BEEN TRYING TO TWEAK, UM, THE TIFF STATUTE TO DEAL WITH CONCERNS ABOUT DISPLACEMENT AND THE, AT LEAST THE PERCEIVED IMPACT THAT, UM, TIFF DISTRICTS ARE NEGATIVELY IMPACTING EXISTING NEIGHBORHOODS IN LOW INCOME RESIDENTS.
UM, BUT THAT'S SORT OF A LITTLE BIT BEHIND THE THINKING OF YOU CAN'T NECESSARILY CORRELATE ANYTHING DIRECTLY.
BUT I THINK WITH THE DECK PARK IN PARTICULAR, THERE'S A LOT OF CONCERN ABOUT THE NEIGHBORHOODS AROUND THE DECK PARK THAT THERE'S LOW AND MODERATE INCOME PEOPLE AND TRYING TO FIND WAYS TO, UM, ALLOW PEOPLE TO REMAIN IN THEIR NEIGHBORHOODS.
AND SO THAT WAS A LOT OF THE THINKING BEHIND A SLIGHT CARVE OUT OF OUR FUNDING.
IT DOESN'T TAKE AWAY FROM ALL THE TRADITIONAL THINGS THAT THE TIF DISTRICT STILL CAN FUND IN TERMS OF SUPPORTING DEVELOPMENT AND THE CONSTRUCTION OF HOUSING.
ARE, ARE OTHER TIFS BEING PRESENTED WITH THE SAME? WE'RE WE'RE STARTING TO GET, UM, THERE'S, THERE'S TWO OTHER, UM, SIMILAR THINGS GOING THROUGH THE PROCESS NOW.
WE, WE WERE THE PIONEERS ON THIS, UM, BUT THE, UM, THE FORT WORTH AVENUE TIF DISTRICT, UM, IS BEING AMENDED TO KIND OF DO A, TO INCLUDE THIS AS PART OF AN EXPANSION OF THE TI TIP DISTRICT INTO WEST DALLAS.
AND THEN THE DEEP BEUM TIP DISTRICT IS NORMALLY ABOUT TO HIT ITS BUDGET CAP, BUT IT'S GONNA BE ALLOWED TO GROW ITS BUDGET.
AND PART OF THAT GROWING OF ITS BUDGET WILL BE, UM, TAKING A PORTION OF FUNDING FUNDING TO HELP WITH, UM, HOUSING STABILIZATION AND SORT OF THE FAIR PARK AREA JUST OUTSIDE OF, OF DEBELL.
HEY SUE, HOW DOES THIS IMPACT OUR FINANCING PLAN? UM, YOU KNOW, IT'S, IT'S, IT'S, UH, WE HAVE A, A LIMITED, UM, OUR BUDGET HAS A LIMIT IN TERMS OF WHAT WE'RE FUNDING.
I THINK IT'S ABOUT $10 MILLION OVER A PERIOD OF TIME.
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THEN AFTER THAT IT'S NO LONGER FUNDED.UM, PART OF THE JUSTIFICATION FOR THIS, QUITE HONESTLY, WAS THAT, UM, THE OLD ORIGINAL OAK CLIFF, UM, SECTION OF THE TIF DISTRICT, UM, WAS SET TO EXPIRE, BUT WE, UM, WE EXPANDED THE TERM OF THAT IN EXCHANGE FOR, YOU KNOW, FUNDING THIS.
AND THEN THE BISHOP ARTS SUBDISTRICT WAS ALSO GONNA HIT ITS BUDGET CAP EARLY, BUT WE INCREASED THAT BUDGET CAP IN PART IN EXCHANGE FOR SETTING ASIDE SOME FUNDS FOR THIS PURPOSE.
LOOKS LIKE THE LEASE HAS HIS HAND UP.
AND I, I, TOM, I THINK THAT WAS, YOU ASKED THE QUESTION ABOUT THE PURPOSE OF THE TIFF, AND IN MY MIND I JUST WANTED TO ADD THIS BECAUSE I, I THOUGHT THIS WAS A GOOD USE OF TIF FUNDS IN TERMS OF NEIGHBORHOOD STABILIZATION.
YOU KNOW, IF WE WANT TO MAINTAIN THE VALUE OF CERTAIN NEIGHBORHOODS, OR AT LEAST THE SYSTEM AND MAINTAINING THE VALUE HOME REPAIR AND KEEPING PEOPLE IN THE NEIGHBORHOOD IS A GREAT WAY TO DO THAT.
UH, SO THAT NEIGHBORHOOD DOESN'T BECOME DESTABILIZED AND LOSE VALUE.
AND I KNOW LOSING VALUE IS NOT SOMETHING WE GENERALLY SEE
ANOTHER WAY TO ONLY LIGHT, YOU KNOW, WE WE'RE NOT
IT BRINGS, IT BRINGS THE, THE COMMERCIAL SEGMENT UP WITH THE RESIDENTIAL YOU AND KEEP THAT BALANCE FROM A PERCENTAGE STANDPOINT.
SO IT'S A, IT'S A, IT'S A LARGE PERCENTAGE.
WHAT, WHAT, WHAT ARE WE THINKING? I DON'T HAVE IT RIGHT IN FRONT OF ME, BUT LIKE I SAID, I THINK THE TOTAL BUDGET FOR THIS CATEGORY IS ABOUT 10 MILLION, WHICH I THINK WE PROJECTED COLLECTING THAT WITHIN LIKE MAYBE A FIVE, SIX YEAR, FIVE TO SEVEN YEAR PERIOD.
SUE, HOW ABOUT, UM, HOW ABOUT OTHER PROJECTS THAT, HAVE WE BEEN APPROACHED BY, UH, FOLKS THAT ARE LOOKING AT TIF FUNDS AND HOW, HOW MUCH, HOW MUCH OF OUR BUDGET IS, IS, UH, FREE FOR US TO, TO UH, APPLY TO NEW PROJECTS? OR IS IT PRETTY MUCH ALL SPOKEN FOR RIGHT NOW? UH, WE'RE IN PRETTY GOOD, UM, FINANCIAL STATE.
I MEAN WE'RE, UM, YOU KNOW, IN TERMS OF EXISTING OBLIGATIONS, WE HAVE OUR GATEWAY, OAK CLIFF, UM, MIXED INCOME HOUSING PROJECT THERE, THERE AT THE OLD, UM, COUNTY COURTHOUSE.
AND ONCE THEY'RE FINISHED WE'LL BE ABLE TO PAY OFF, UM, THAT PROJECT.
AND I DON'T HAVE THE BALANCES IN FRONT OF ME, BUT IN BOTH THE EXISTING OAK CLIFF SUBDISTRICT AS WELL AS, UM, BISHOP ARTS, WE'LL STILL HAVE CASH ON HAND.
AND THEN OF COURSE AS NEW DEVELOPMENT PROJECTS COME IN, IF THEY APPLY FOR INCENTIVES, YOU KNOW, THAT'LL GENERATE MORE FUNDING.
AND THEN FOR THAT, UM, CLAIRE AND BECKLEY, KEY SUBDISTRICT THAT JUST CREATED, WE'RE ALSO SETTING ASIDE SOME CASH THERE AND I THINK WE HAVE AT LEAST MANY, IF I REMEMBER CORRECTLY, A LITTLE OVER A MILLION DOLLARS ALREADY SET ASIDE TO HELP BOOST PROJECTS IN THAT SUBDISTRICT SHOULD THEY COME AVAILABLE.
AND WE'VE HAD A COUPLE OF, YOU KNOW, CONVERSATIONS ABOUT POTENTIAL PROJECTS IN THAT SUBDISTRICT.
SO I THINK ALL, ALL IN ALL WE'RE A PRETTY GOOD FINANCIAL STATE SHAPE IN TERMS OF HAVING SOME EXISTING CASH AS WELL AS THE CAPACITY TO, UM, CONSIDER MORE, UM, INCENTIVES.
IS THAT, JOE, WE, UH, AND
UM, SO AT THIS TIME OUR PLAN DOES NOT CONTEMPLATE, UM, ANY MORE STREETCAR FUNDING.
LOOKS LIKE JOE HAS HIS HAND UP.
UH, IT'S FREE TARGET AREAS IT LOOKS LIKE ARE COMPLETELY OUTSIDE OF THE, UH, THE TIF DISTRICT.
ARE WE TALKING ABOUT FUNDS GOING OUTSIDE THE DISTRICT? UH, POTENTIALLY WHEN WE FIRST SET UP THIS CATEGORY, YOU KNOW, THE THINKING WAS IT COULD BE IN OR OUTSIDE THE DISTRICT.
UM, STATE LAW DOES ALLOW, UM, TIF FUNDS FOR AFFORDABLE HOUSING PROGRAMS TO BE SPENT OUTSIDE THE DISTRICT.
AND SO AT THAT TIME WE THOUGHT, YOU KNOW, MOST LIKELY SOME OF THE NEIGHBORHOODS THAT ARE, WOULD BE IN MOST NEED WOULD LIKELY BE IN THE 10TH STREET AREA, KIND OF IMMEDIATELY OUTSIDE OF THE T BOUNDARY.
AND THERE COULD OF COURSE BE OTHER AREAS EVEN ON THE WEST SIDE OF 35, UM, NEAR THE
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TIFF DISTRICT THAT WE MIGHT, YOU KNOW, DEPENDING ON THE DATA, UM, LOOK AT THOSE AS WELL.BUT, YOU KNOW, AT THE TIME THAT WE ALLOWED IT TO BE FLEXIBLE IN TERMS OF OUR PLAN LANGUAGE, KNOWING THAT THERE'S A PRETTY GOOD CHANCE THAT THE AREAS OF MOST NEED FOR LIKE, THINGS LIKE, UM, HOMEOWNER ASSISTANCE OR HOME REPAIR MIGHT VERY WELL BE JUST OUTSIDE THE TIP DISTRICT.
BUT WASN'T THERE ALSO CONVERSATION TOO? WE COULD SPEND THAT IN OUR DISTRICT AS WELL, RIGHT? WE COULD IF THERE'S, YOU KNOW, THE, THE RIGHT, UM, IF THERE'S PROJECTS APPLICATIONS AND THERE'S QUALIFYING, UM, APPLICANTS, HOW, HOW WOULD WE FIND OUT, UH, THOR HOW WOULD WE FIND OUT IF THERE WAS QUALIFYING APPLICANTS WITHIN OUR DISTRICT? I CAN'T SEE IF I HAVE ANY APPLICATIONS ALREADY WITHIN THE DISTRICTS.
UM, BUT THAT'S AN EASY THING TO SORT OF, SORT OF LOOK AT.
UM, BUT IN TERMS OF LIKE WHAT THE POTENTIAL IS, UM, THE WAY I'VE LOOKED AT POTENTIAL IN THE PAST WAS JUST PULLING DEC AD CONDITION, UH, REPORTS.
WHILE IT'S NOT THE BEST INDICATOR OF ACTUAL CONDITION, IT GIVES ME A, IT GIVES ME A SENSE ON, UM, YOU KNOW, HOW MANY UNITS ARE UNDER AVERAGE RATING WITHIN THAT DISTRICT GIVES ME A GENERAL SENSE OF WHAT THE, THE NEED IS.
YEAH, I, I, I CAN'T SPEAK FOR THE BOARD HERE, BUT I WOULD THINK THAT WOULD BE GOOD TO CONSIDER.
I THINK WHAT ALSO WOULD BE HELPFUL FOR STAFF IS, UM, YOU KNOW, IT SEEMS LIKE TARGET AREA TWO IS A POTENTIAL STARTING POINT, BUT IF THE BOARD HAS, UM, YOU KNOW, OTHER THOUGHTS ABOUT THE GEOGRAPHY, UM, AND CERTAINLY WE CAN LOOK AT IF WE'VE ALREADY GOTTEN APPLICANTS WITHIN THE TIP BOUNDARY, BUT THEN OTHER COMMENTS ON THE, THE GEOGRAPHY, AND AGAIN, OVER TIME I THINK WE CAN ADJUST, UM, OUR FOCUS AS WELL.
WELL, TARGET AREA TOO LOOKS LOGICAL.
I, I THINK JUST FIGURING OUT WHAT'S IN OUR OWN BACKYARD FIRST FOR SURE.
YEAH, I THINK WHAT WE'LL DO IS, UM, WE'RE GONNA DO A LITTLE MORE ANALYSIS AND, UM, PLAN TO COME BACK OUR APRIL 29TH QUARTERLY NEEDY, UM, WITH KIND OF SOME SPECIFIC RECOMMENDATIONS SO THAT WE CAN, YOU KNOW, THEN START DEPLOYING, UM, THE FUNDING FOR THE PROGRAMS. THERE'S NO OTHER TOPICS, RIGHT? NO, UH, WELL, IF THERE'S NOTHING MORE TO ADD THAT WE CAN WRAP UP THIS MEETING.
DO WE NEED TO MAKE A MOTION FOR, I COULD JUST SAY THAT WE'RE, WE'RE ADJOURNED AT 2:40 PM SOUNDS GOOD.
THANK YOU FOR THE PRESENTATION.