* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          OH, 
          [00:00:01]
OKAY. 
          WE GOTTA GET THROUGH THIS QUICK. 
          ALL RIGHT. 
          UH, WE'RE, I THOUGHT YOU 12 
          [ Dallas Housing Finance Corporation on April 14, 2026.]
TO ORDER THE REGULAR SESSION OF THE DALLAS HOUSING FINANCE CORPORATION. 
          JACKIE WILL CALL, PLEASE. 
          YES. 
          UH, VICE PRESIDENT SEAN ALLEN, DIRECTOR YOLAND RUDOLPH, PRESENT DIRECTOR SHALANDA OLA. 
          UM, TREASURER JACK MARSHALL C WILL NOT BE ABLE TO JOIN TODAY. 
          DIRECTOR PATTY COLLINS. 
          PATTY'S NOT ON YET. 
          UM, LET'S SEE. 
          DIRECTOR KEVIN HEON PRESENT. 
          THANK YOU. 
          DR. 
          LESLIE RU. 
          PRESENT, JINK PRESENT. 
          DAVID ELLIS PRESENT. 
          DR. OLIVER ROBINSON? PRESENT. 
          DR. RYAN MOORE? PRESENT. 
          THANKS. 
          SECRETARY TONY. 
          PAGE PRESENT. 
          THANK YOU. 
          UH, DIRECTOR SEAN ZA WILL BE LATE AND THAT WE HAVE BEFORE. 
          THANK YOU. 
          UH, WE'RE GONNA GO TO PUBLIC COMMENTS. 
          UH, ITEM THREE ON ITEMS FOUR THROUGH 10. 
          ARE THERE ANY PUBLIC COMMENTS? OKAY. 
          HEARING NONE. 
          OKAY. 
          GO TO, I HAVE FOR APPROVAL OF THE MINUTES FOR THE MARCH 10TH, 2026, CITY OF DALLAS HOUSING BIAS CORPORATION. 
          DOES ANYONE HAVE ANY COMMENTS ON MEDS? I HAD NONE MYSELF HEARING NO COMMENTS. 
          DOES ANYONE WANNA MAKE A MOTION? SO MOVE. 
          OKAY. 
          THAT SECOND. 
          SECOND. 
          ALL IN FAVOR? AYE. 
          AYE. 
          AYE. 
          AYE. 
          AYE. 
          AYE. 
          UNANIMOUS. 
          THANK YOU. 
          OKAY. 
          LOOK, WE GOT GEORGE TILL 1215. 
          HE NEEDS TO SPEAK. 
          SO JUST GONNA TRY TO GET HOLD ON. 
          ACTION RESOLUTION REGARDING THE LEASE, CAPITAL INTEREST ACCOUNT AND COVERAGE, UH, RESERVE FUND RELATED BONDS ISSUED TO THE FINANCE AND THE ACQUISITION OF BRISCOE MULTIFAMILY RESIDENTIAL DEVELOPMENT LOCATED AT 12 6 3 9 QUIT ROAD. 
          DALLAS, TEXAS. 
          DALLAS COUNTY, TEXAS. 
          CONSIDERING ABOUT THE RESOLUTION AUTHORIZING THE RELEASE OF THE CAPITAL INTEREST ACCOUNT AND COVERAGE RESERVE FUND RELATING TO THE BONDS ISSUED TO THE FINANCE, THE ACQUISITION OF THE BRISKET AND AUTHORIZING AND RATIFYING ACTION, INCLUDING NEGOTIATION PREPARATION, EXECUTION OF DOCUMENTS BY THE CORPORATION'S PRESIDENT, OTHER OFFICERS, GENERAL MANAGER, ASSISTANT GENERAL MANAGER IN CONNECTION WITH REFERENCED TO ACTION. 
          OKAY. 
          WE ALL TALKED ABOUT THIS LAST, UH, MEETING. 
          THERE WAS A RESOLUTION ON THE PAYMENT OF THE BONDS BETWEEN THE BOND HOLDERS AND OHG. 
          THEY AGREED TO A PRICE OF 1.8 MILLION. 
          IT'S GOING TO BE FUNDED, FUNDED OUT OF THE RESERVES THAT WERE FUNDED BY THE BOND HOLDERS, NOT THE DHFC. 
          THIS IS NOT COMING OUT AT DHFC ACCOUNTS. 
          IT'S COMING OUT OF THE RESERVES OF THE PROPERTY THAT THE BOND HOLDERS AGREED TO. 
          SO WE'RE OUTTA THAT. 
          WE'RE NOT FINANCIALLY . 
          HOWEVER, THAT MANNER IN WHICH WE DO IT IS VERY BI BYZANTINE AND OPAQUE. 
          AND ONLY, UH, OUR BOND COUNCIL, GEORGE RODRIGUEZ CAN REALLY EXPLAIN THIS. 
          SO WE HAVE GOT HIM FOR PROBABLY NOW EIGHT MINUTES. 
          SEVEN. 
          GEORGE, CAN YOU PLEASE EXPLAIN THE MANNER IN WHICH WE'RE GOING TO DO THIS? GEORGE? MUTE. 
          GEORGE. 
          THERE WE GO. 
          SORRY ABOUT THAT. 
          UM, THE BOND HOLDERS ARE GOING TO DIRECT THE TRUSTEE TO RELEASE THOSE FUNDS. 
          AND AS WE'RE GOING TO HAVE, WE ANTICIPATE 100% CONSENT. 
          SO ALL OF THE, UM, SENIOR BOND HOLDERS AND THE MEZZANINE BOND HOLDERS ARE GOING TO DIRECT THE TRUSTEE TO RELEASE THOSE FUNDS, USE THE FUNDS TO, TO PAY SOME LEGAL FEES, AND THEN ALSO TO PURCHASE OR TO REDEEM THE BONDS FROM OHG, THE, THE SUBORDINATE SEA BONDS FOR $1.8 MILLION ALL IN. 
          AND THEN USE WHATEVER IS LEFT OVER TO PUT IN THE EXCESS REVENUE FUND. 
          AND ULTIMATELY THAT WILL GET USED TO REDEEM THE MEZZANINE SERIES B BONDS. 
          AND THEN THE, THE DHFC AND THE LLC THAT WAS CREATED TO ACT AS THE, THE OWNER WILL BOTH CONSENT TO THE DIRECTION OF THE BOND HOLDERS. 
          OKAY. 
          SO WE NOW HAVE WORD THAT ALL A BOND HOLDERS HAVE BEEN CONTACTED AND THEY HAVE AGREED TO THIS, THEY HAVE CONSENTED TO THIS. 
          IS THAT WHAT YOU JUST SAID? 
          [00:05:01]
THERE IS ONE THAT WANTED TO SEE AN EMMA NOTICE YEAH. 
          TO, UM, SEE EXACTLY WHAT WAS BEING PROPOSED. 
          AND THEN THEY WOULD, AT THAT POINT, ANTICIPATED THAT THEY WOULD APPROVE, BUT THEY DIDN'T WANNA JUST GRANT APPROVAL WITHOUT KNOWING EXACTLY WHAT THEY WERE APPROVING SO THAT EMMA NOTICE WAS POSTED THIS MORNING. 
          AND SO THEY SHOULD, UM, THE BOND, THE OTHER BOND HOLDERS SHOULD BE HEARING THAT FROM THAT ONE SERIES A BOND HOLDER, YOU KNOW, HOPEFULLY TODAY. 
          GO AHEAD. 
          UH, WE GOT A QUESTION FROM DIRECTOR . 
          UM, HOPEFULLY OUR BOND COUNCIL CAN SPEAK TO THIS, BUT WHAT WAS THE PURPOSE OF THE COVERAGE RESERVE FUND? I UNDERSTAND IT WAS FUNDED BY THE BONDHOLDERS, BUT WHAT WAS THE PURPOSE OF THIS RESERVE ACCOUNT? AND BY RELEASING THESE FUNDS, IS THERE ANY RISK TO THE PROPERTY BY NOT HAVING THIS RESERVE ACCOUNT AT, AT THIS LEVEL? AND CAN YOU JUST SPEAK TO THAT ISSUE? THE COVERAGE RESERVE WAS AN ESSENCE, A BACKUP DEBT SERVICE RESERVE FUND. 
          AND THERE IS A DEBT SERVICE RESERVE FUND FOR THE SERIES A BONDS. 
          BUT IT WAS ALSO A WAY TO, I GUESS, ENHANCE THE COVERAGE. 
          SO THERE'S A COVERAGE TEST FOR, YOU KNOW, REVENUES VERSUS DEBT SERVICE, AND THE MONIES IN THAT RESERVE COULD BE COUNTED FOR PURPOSES OF THAT COVERAGE TEST. 
          AND SO THE, THE RISK IS, IS THAT, THAT AS A RESULT OF THE RELEASE, THE COVERAGE TEST WOULD NOT BE MET. 
          BUT MY UNDERSTANDING IS, IS THAT WITHOUT THOSE FUNDS, THE COVERAGE TEST HAS BEEN MET, UM, FAIRLY EASILY. 
          SO IT'S NOT A RISK OF FAILING THE COVERAGE TEST. 
          AND EVEN IF YOU DO FAIL THE COVERAGE TEST, THE IMMEDIATE REMEDY IS TO ENGAGE A CONSULTANT TO TRY TO ENHANCE THE REVENUE. 
          SO IT WOULDN'T RESULT IN IT BEEN A DEFAULT, EVEN IF THAT, EVEN IF THAT DID HAPPEN. 
          BUT WHAT WILL, YOU KNOW, AS A RESULT OF THIS RELEASE, THERE WILL BE SOME OF THE SERIES B BONDS, WHICH WERE CAPITAL APPRECIATION BONDS WILL GET REDEEMED THAT WOULD OTHERWISE NOT HAVE BEEN REDEEMED FOR SOME PERIOD OF TIME. 
          AND SO THAT HELPS, YOU KNOW, IN THE LONG TERM, GET ALL OF THE BONDS PAID OFF MORE QUICKLY BECAUSE IT'S THESE CAPITAL APPRECIATION BONDS KEEP GETTING LARGER AND LARGER THE LONGER IT TAKES TO GET PAID BECAUSE THEY, THEY DON'T PAY INTEREST. 
          THE INTEREST JUST SIMPLY ACCRETES TO THE VALUE OF THAT BOND, NOT OLIVER . 
          I LOTS OF QUESTIONS, BUT I WASN'T HERE LAST TIME, SO, UH, I LEARNED SOME OF THE I WANNA GO THROUGH, I CAN. 
          SO, SO IS THERE ANY, WITH THIS TRANSACTION, IS THERE ANY OBLIGATION THAT, ARE WE ENTERING INTO AN AGREEMENT OR IS THIS SIMPLY THE, THE BOND HOLDER SAID YEP. 
          USE IT TO PAY THE, THAT BOND. 
          AND THE BEST CASE SCENARIO IS ALL THOSE A BOND HOLDERS, I, I THOUGHT IT WAS ORIGINALLY FRANKLIN TEMPLETON IS JUST ALLIANCE FIRST FOUND OUT THERE A FEW MORE MINOR, UH, BOND, YOU KNOW, BUT GETTING CONSENT FROM ALL AVON HOLDERS COMPLETELY IS ALING BREAK FROM THIS WHOLE AFFAIR. 
          WE MIGHT TALK ABOUT IT SOME TIME. 
          HOW DO WE, HOW DO WE MAKE SURE THIS DOESN'T HAPPEN AGAIN? RIGHT. 
          WE'RE IN THIS WEIRD POSITION. 
          WE DON'T, WE DON'T BUY A MASSIVE, WE DON'T BUY A MASSIVELY HIGH PRICE AT THE TOP OF THE BOTTOM. 
          THAT'S HOW WE GOT THAT. 
          WELL, THAT'S EASY TO SAY, BUT YOU CAN DO THAT EVERY, EVERY CYCLE. 
          WELL, WE'RE THE BUSINESS WORLD STAY, UM, LOOK, THERE WAS A LEARNING LESSON. 
          WE TOOK A, IT WAS A NEW STRUCTURE. 
          GEORGE, DOES ANYONE HAVE ANY QUESTIONS FOR GEORGE? YES, GO. 
          YES. 
          SORRY, I BLANK. 
          THAT'S ALRIGHT, BY ALL MEANS. 
          UM, BUT YES, I HAVE A QUESTION IN REGARDS TO, IT SAYS WE'RE PURCHASING HOW MUCH, UH, WHAT'S THE PRICE? AND 1.8 MILLION, 1.8 MILLION IS NOT COMING OUT OF D-D-H-F-C FUNDS. 
          OKAY. 
          IT'S COMING OUT OF THE, UH, RESERVES THAT WERE FUNDED UPON CLOTHING OF THE ASSET THAT WERE FUNDED BY BOND HOLDERS WHO FINANCED A HUNDRED PERCENT. 
          OKAY. 
          SO IT WAS THEIR MONEY THAT THEY PUT IN THOSE RESERVES. 
          IT WAS IMPORTANT FOR THAT NOTE THAT OHG HAS FOR IT TO GO AWAY. 
          AND SO IT WAS IMPORTANT FOR THE BOND HOLDERS TO PAY ONE POINT MILLION. 
          SO IT JUST WENT AWAY. 
          AND SO NOW 
          [00:10:01]
IT, IT'S KIND OF MESSING UP THE CAP FLOW OF THE PAYMENTS TO THE BONDS. 
          THAT C BARN THAT'S OUT THERE, BASICALLY TAKING THE MONEY OUT OF THAT ACCOUNT TO PAY OFF THE BONDHOLDERS. 
          CORRECT. 
          BUT NOT OUR ACCOUNT. 
          SO THIS RESERVE, THAT'S I GUESS THE CAPITAL INTEREST ACCOUNT RESERVE FUND. 
          THOSE WERE FOR THE BONDHOLDERS. 
          THOSE WERE FUNDED BY THE BONDHOLDERS. 
          BY THE, THEY THEY WERE FOR OF THE ASSETS. 
          THEY'RE GONNA USE THEIR MONEY TO PAY OFF. 
          YES. 
          THEY'RE USE, THEY'RE OKAY WITH IT. 
          THEIR IDEA AND THEIR AGREEMENT, NOT OUR IDEA. 
          OKAY. 
          RIGHT. 
          RIGHT. 
          YEAH, WE NEEDED TOO, RIGHT? YES. 
          WE NEEDED TOO. 
          IT WAS EVERYBODY, THERE WAS A LOT OF PEOPLE'S IDEA. 
          SO YEAH. 
          BUT, BUT THEY WANTED IT. 
          AND THIS, SO THIS IS A WAY TO KIND OF CLEAN UP OUR, THE SITUATION THAT WE'RE IN. 
          YES, SIR. 
          YES. 
          SO I'M ALMOST LIKE COURSE COUNSEL. 
          WHAT, WHAT IS YOUR OPINION ON THIS? I MEAN, FROM, I THINK GEORGE SUMMED IT UP FROM A, AN LEGAL STANDPOINT, RIGHT? I MEAN IT'S, IT'S, UM, YOU KNOW, SOMETHING WE'RE GETTING BONDHOLDER CONSENT TO DO. 
          UM, YOU KNOW, I TAKE IT FROM, UH, AARON AND JACKIE AND DAVID WHO HAVE BEEN NEGOTIATING BOND HOLDERS AND, UH, THAT THIS IS A FINANCIAL DEAL THAT MAKES SENSE. 
          THAT'S WHY THEY'RE DOING IT. 
          SO, UM, YOU KNOW, IT'S BE ABLE TO SKIP PAYMENT OF INTEREST ON THAT C BOND THAT IS CAUSING THE E BONDS TO GROW. 
          SO I THINK THAT'S IN EVERYONE'S INTEREST. 
          I WAS JUST SAY, AT THE RISK OF BEING TOO SIMPLISTIC HERE, WE'RE NOT PAYING ANYTHING. 
          WE MADE SURE WITH THE BOND COUNCIL, OUR COUNCIL, THAT WE'RE PROTECTED FROM HIS LIABILITY. 
          OKAY. 
          BONDHOLDERS NO CASE WITH THE THIRD PARTY THAT WE'RE GETTING RID OF IS OKAY WITH IT. 
          SO IT SEEMS LIKE, UM, GIVEN THE CIRCUMSTANCES, SO WE JUST NEED TO MAKE SURE THAT OUR ORGANIZATION MOSTLY COMPLETELY PROTECTED IN THIS TRANSACTION. 
          SO THAT'S WHAT GEORGE AND BRIAN THAT HAVE BEEN WORKING ON, SO, RIGHT. 
          YEAH. 
          THAT'S WHAT JUST TAKE EVEN, YOU KNOW, ONE MORE STEP BACK, UM, YOU KNOW, 'CAUSE I KNOW SOME OF THE BOARD MEMBERS ARE, ARE NEWER. 
          IT  IT IS A REVENUE BOND. 
          RIGHT. 
          WHICH MEANS, UM, THERE ARE SPECIFIC SOURCES THAT ARE, UM, MUCH THE REPAYMENT OF THE BONDS, UM, LIKE THESE FUNDS THAT ARE HELD UNDER THE ADVENTURE, LIKE THE PROJECT, BUT IT'S NOT A GENERAL OBLIGATION OF WITHOUT THE REMEDIES OF THE BOND HOLDERS IF THEY'RE NOT BEING PAID, IF THEY TAKE THE PROJECT. 
          WELL, WE'RE BUYING PROJECT. 
          WHAT'S THAT? YOU SAID THE REMEDY IS THAT THEY COULD TAKE THE PROJECT, BUT WE'RE BUYING WELL, WE OWN IT, BUT IF I'M SAYING IF THERE WAS A DEFAULT, IF WE DIDN'T PAY ON THE BALANCE. 
          CORRECT. 
          THEY CAN'T COME AFTER THE GENERAL REVENUES OF THE DALLAS HFC. 
          UM, THEY CAN ONLY GO AFTER WAS PLEDGE, WHICH IS ESSENTIALLY THE PROJECT AND ALL THE FUNDS. 
          LIKE A MORTGAGE, I MEAN MORTGAGE LOAN. 
          YEAH. 
          HUNDRED PERCENT MORTGAGE. 
          OH, ACTUALLY 20% MORTGAGE , UH, UM, OKAY. 
          I JUST WANNA MAKE SURE. 
          NO QUESTIONS FOR GEORGE ON THAT. 
          OKAY. 
          UM, AND GEORGE, I THINK WE'RE GOOD. 
          SO IF YOU HAVE TO GO BACK. 
          UNDERSTOOD. 
          I THINK THINKING ABOUT YOUR QUESTION, I DON'T WANNA TAKE UP TOO MUCH TIME DISCUSSION. 
          SURE. 
          AN RFP, IF, IF WE CAN GET TO THE POINT WHERE WE'RE ACQUIRING AGAIN AND IT'S, I'M NOT EVEN SURE WE REALLY COULD DO IT. 
          HB 21, RIGHT? SURE. 
          BUT JUST SAY MAGICALLY THE HFC CAN, YOU KNOW, ACQUIRE A PROPERTY THROUGH ESSENTIAL FUNCTION BONDS. 
          I THINK THE ACTUAL SOLUTION IS WE DO AN RFP PROCESS FOR WHOEVER IS GOING OUT THERE AND, YOU KNOW, DOING IT. 
          UH, 'CAUSE WHAT WAS KIND OF HAPPENING WHEN THE ATTORNEY GENERAL, THE HC IS THE ABILITY TO ISSUE THESE BONDS AND BUY PROPERTIES OF THESE BONDS. 
          THE TEXAS ATTORNEY GENERAL, A LOT OF GROUPS, AND THEY'RE ALL FROM CALIFORNIA. 
          'CAUSE THIS GOT PIONEERED OUT IN CALIFORNIA, STARTED GOING TO, UH, SELLERS AND SAYING, HEY, WE WANNA BUY THE DEAL. 
          WE WANNA BUY THE DEAL. 
          AND SO WE STARTED HAVING COMPETITIVE PROCESSES OR MULTIPLE GROUPS WERE BIDDING ON THE SAME PROJECT, BUT YET ULTIMATELY THE BUYER WAS US IN THESE PARTNERSHIPS. 
          IT'S DIFFERENT, YOU KNOW, BECAUSE IT'S A DIFFERENT EQUITY, YOU KNOW, SO YEAH, WE'RE TAKING TITLE TO IT. 
          IT'S NOT THE SAME ESSENTIAL FUNCTION BOND STRUCTURE. 
          THESE ASSETS ARE GOOD BID UP. 
          SO, YOU KNOW, PAY FOR THE BRISCOE AT THREE AND FREE CAP AND HEY, IT WORKS FINE. 
          YOU KNOW? SO, UM, I THINK THAT WOULD BE IT. 
          AND SO WE KNOW EXACTLY WHO'S INTERFACING, UH, MARKET FOR THAT, THAT WE KNOW THAT WE'RE COMFORTABLE WITH WHO THEIR UNDERWRITER IS, THE IBANK, UM, AND THAT THEY'RE NOT GONNA PUSH 
          [00:15:01]
THE ENVELOPE TRYING TO GET DEALS. 
          I THINK WE JUST GOT IN REALLY QUICKLY. 
          UH, AND YEAH. 
          LEARNING LESSON OLOGY, YES. 
          AND YEAH, THIS ONE'S GONNA BE A SLOW GO, BUT, UH, WE'VE GOT A GREAT PROJECT ADMINISTRATOR THAT IS HIGHLY RESPECTED BY BOND HOLDERS. 
          I THINK THEY FEEL VERY CONFIDENT THAT CHIP WILL GET RIGHTED OVER LONG PERIOD OF TIME, UH, THAT WE HAVE THESE BONDS BECAUSE 35 4 YEAR BONDS, SO WE DON'T HAVE A HORIZON LIKE THE REST OF THE REAL ESTATE WORLD IS LOOKING AT RIGHT NOW. 
          SURE. 
          FOR THEIR PROPERTIES. 
          SO WE'LL GET PAST THIS. 
          I FORGOT TO MENTION THAT THEY SPECIFICALLY ASKED FOR THE HEARING, UH, THEIR NAME. 
          THE BONDHOLDERS WERE VERY CAREFUL NOT TO THE, THE PROJECT ADMINISTRATOR WORKS FOR US. 
          RIGHT. 
          UH, THEY WERE VERY CAREFUL NOT TO ASSERT, BUT IT WAS ONE OF THOSE, UH, HEY MAN, WE REALLY LIKE THEM. 
          THESE PEOPLE ARE OKAY. 
          THESE OKAY. 
          WATERPROOF. 
          WOW. 
          WELL, WE HAVE A RELATIONSHIP WITH WATER. 
          WAS FRICTION. 
          YES. 
          UM, DOES ANYONE WANNA MAKE A MOTION? MR. CHAIR? SO MOVED. 
          THANK YOU. 
          VICE PRESIDENT. 
          UH, ANYONE LIKE TO SECOND? SECOND. 
          THANK YOU. 
          MOTION HAS BEEN APPROVED AND SECONDED. 
          UH, JACKIE, LET'S TAKE A VOTE HERE. 
          YEAH, JUST REALLY QUICK. 
          WE HAVE, UH, PATTY COLLINS AND, UH, OKAY. 
          UH, VICE PRESIDENT. 
          GO AHEAD. 
          VICE PRESIDENT SEAN HALL, APPROVE DIRECTOR DIWAN. 
          RUDOLPH, DIRECTOR SHALANDA OLA. 
          UM, YES, BASED ON INFORMATION I HAVE IN FRONT ME DIRECTOR PATTY COLLINS SHALL MUTE PATTY, YOU'RE MUTED. 
          GOTCHA. 
          UH, DIRECTOR KEVIN HUDSON. 
          APPROVED DIRECTOR LESLIE BRIDGING APPROVED. 
          DAVID ELLIS APPROVED. 
          HI. 
          I AM SO SORRY. 
          I HAD TO TAKE AN EMERGENCY CALL. 
          I APPROVE. 
          I YOU PATTY, UH, DIRECTOR, UH, DR. OLIVER ROBINSON APPROVED. 
          DR. RYAN MOORE. 
          APPROVE. 
          SECRETARY TONY. 
          PAGE APPROVED. 
          AND DIRECTOR SEAN, SEAN ON MUTE. 
          SEAN. 
          SEAN WILL SAY NOT PRESENT. 
          YEAH. 
          ALL RIGHT. 
          PASSES. 
          THANK YOU EVERYBODY. 
          GLAD TO GET THAT IN THE REAR VIEW MIRROR ALL. 
          OKAY. 
          ALL RIGHT. 
          ITEM SIX, APPROVAL OF THE 24 MONTH ENGAGEMENT WITH PROFESSOR TAMMY LEONARD TO STUDY THE IMPACT OF HOUSING FINANCE CORPORATIONS, PUBLIC FACILITY CORPORATIONS, PROJECTS IN THE LOCAL COMMUNITIES. 
          CONSIDER AND APPROVE A 12, UH, 24 MONTH ENGAGEMENT WITH PROFESSOR TAMMY LEONARD TO STUDY THE IMPACT OF HOUSING FINANCE CORPORATIONS AND FACILITY CORPORATION PROJECTS ON LOCAL COMMUNITIES AND AUTHORIZED TO RATIFY ACTIONS INCLUDING NEGOTIATION PREPARATION,  AGREEMENTS WITH DR. 
          LITTER AND THE UNIVERSITY OF TEXAS SOUTHWEST MEDICAL CENTER BY THE CORPORATION'S PRESIDENT, OTHER OFFICERS GENERAL MANAGER, ASSISTANT GENERAL MANAGER IN CONNECTION WITH THE ABOVE REFERENCED ACTIONS. 
          ALRIGHT, UH, I BEGIN. 
          OKAY, WE'RE GONNA HAVE A PRESENTATION, UH, WITH, UH, DR. 
          TAMMY LEONARD, BUT I WANTED TO SORT OF TEE THIS UP FROM KIND OF HOW WE GOT TO THIS POINT. 
          UM, OKAY. 
          SO OBVIOUSLY I THINK YOU ALL KNOW WE'VE BEEN IN, UH, A LEVEL OF DISCUSSION AND, UH, BACK AND FORTH ON REALLY HOUSING POLICY, UH, FOR THE CITY OF DALLAS RELATED TO WHERE DOES THE HSC OPERATE, WHERE DOES THE PSC OPERATE? UM, WE, YOU KNOW, A LOT OF THE CENTERS AROUND A CONCEPT I REALLY FIRST HEARD ABOUT WHEN I JUST JOINED IS, YOU KNOW, THE CONCENTRATION OF POVERTY. 
          WHAT DO LITECH PROJECTS DO WHEN WE DEVELOP INTO THE SOUTHERN SECTOR? DOES THIS HAVE A HORRIBLE, HARMFUL EFFECT ON THE COMMUNITIES? AND IT'S SOMETHING THAT'S REALLY BEEN, 
          [00:20:01]
IT'S BEEN A HELL OF A HISTORY LESSON I'VE BEEN LEARNING OVER THE LAST FEW MONTHS. 
          UH, IT IS REALLY, UH, AND DR. LEONARD HAS BEEN INSTRUMENTAL IN EDUCATING ME ON THAT HISTORY. 
          BUT THIS IS SOMETHING THAT HAS, UH, BEEN WITH US REALLY SINCE THE MID 1980S. 
          UH, IT HAS IMPACTED THE CITY. 
          THE, THE ISSUE OF CONCENTRATION OF POVERTY. 
          HAS IT IMPACTED THE CITY, THE DALLAS HOUSING AUTHORITY? UH, IT HAS BEEN A REASON WHY WE WERE FAIRLY DORMANT IN AFFORDABLE HOUSING DEVELOPMENT. 
          UH, ALL BUT, YOU KNOW, UNTIL 2020. 
          OKAY. 
          I WOULD SAY IN 2019, 2020, UH, SOME MAGICAL THINGS HAPPENED FOR THE CITY OF DALLAS. 
          UH, SOME VERY TALENTED STAFFERS, UH, NOT LEAST OF WHICH IS CURRENTLY OUR GM HERE. 
          QUINTO JOINED THE CITY AND REALLY KINDA SHOWED THE WORLD THAT, UH, PROJECTS CAN GET DONE. 
          AND, UH, DALLAS WAS NOT, NOT A DYSFUNCTIONAL PLACE TO GET, UH, YOU KNOW, AFFORDABLE HOUSING DEVELOPMENT. 
          AND IT WAS REALLY A RENAISSANCE THAT HAPPENED WITH THE HSC AND THE PFC, UM, WORLD TOOK NOTE. 
          AND WE WENT FROM ABOUT A THOUSAND UNITS IN 2019 TO 10,000 IN 2026. 
          OUR, UH, DEVELOPMENT PIPELINE HAS BEEN ROBUST. 
          THE PFC GOT ACTIVATED A LITTLE BIT LATER AND THEY NOW HAVE ABOUT 4,000 UNITS. 
          SO NOW I WOULD ALMOST SAY AT THIS POINT WE'RE ALMOST A VICTIM OF OUR OWN SUCCESS, UH, AS WELL. 
          UH, NOW, YOU KNOW, COUNCIL PEOPLE, STAFF, REALLY, REALLY TRYING TO ASSESS, OKAY, WHAT IS THE IMPACT OF WHAT WE'VE BEEN DOING AS WELL? IS, IS IT CONCENTRATING PROPERTY? BUT I THINK IT'S A BROADER QUESTION THAT I THINK COUNCIL, AND I'M, I'M HEARING IT IN A LOT OF THESE MEETINGS NOW THAT I'M FOLLOWING A LOT MORE CLOSELY, UH, I'M JUST KIND OF HEARING, I CAN HEAR SARAH GRACIE, UH, COUNCIL MEMBER GRACIE KIND OF SAYING, IT'S LIKE HE'S, HE'S ASKING, YOU KNOW, WHAT ANALYSIS ARE YOU DOING? YOU KNOW, AND I, I THINK EVEN HE'S HAVING A LITTLE BIT OF TROUBLE ARTICULATING, BUT WHAT IS THE BROADER IMPACT OF WHAT THESE PROJECTS DO? AND ALSO WHAT ARE THE NEEDS OF THAT AREA AS WELL? YOU KNOW? AND I THINK AS I'M KIND OF HEARING IT, I, THERE'S JUST A LOT WE GOTTA FIGURE OUT. 
          AND I HAD A HARD TIME ARTICULATING IT WELL, THROUGH CHANCE ENCOUNTERS AND THROUGH A GROUP CALLED, UH, THE DALLAS AREA INTERFAITH, WHICH, UH, I EXPLAINED HOW I GOT CONNECTED WITH 'EM. 
          I'VE ALMOST FORGOTTEN. 
          BUT ANYWAYS, I'M SITTING IN A CHURCH IN SOUTH DALLAS WITH A WHOLE BUNCH OF PEOPLE. 
          HALF OF THE PEOPLE HAVE THE TITLE REVEREND OR PASTOR, AND I'M KIND OF TALKING WITH 'EM ABOUT SOME OF THE, YOU KNOW, IT CHALLENGES WE'RE FACING, YOU KNOW, WITH THESE, YOU KNOW, POLICY, UH, DISCUSSIONS. 
          AND SO ONE OF 'EM APPARENTLY WAS A UT SOUTHWEST SURGEON OR SOMETHING, AND JUST LOOKED UP THE DIRECTORY OF, UH, ECONOMISTS AND UT SOUTHWEST CAME ACROSS DR. LEONARD, AND WE ALL GOT ON A CALL, THE ENTIRE GROUP. 
          I WAS BLOWN AWAY BY KNOWLEDGE, HER HISTORY WITH, UH, STUDYING HOUSING MATTERS IN THE CITY OF DALLAS, HER RESUME, HER CURRICULUM, CALL CURRICULUM. 
          VITAL. 
          YEAH. 
          THANK YOU. 
          UM, AND ERIN AND I HAD A LOT OF DISCUSSIONS, UH, WITH HER JUST KINDA ASKING HER ABOUT, YOU KNOW, WHAT WOULD A POTENTIAL, YOU KNOW, WHAT WOULD A POTENTIAL STUDY LOOK LIKE? AND WE WERE VERY, VERY PLEASED, IMPRESSED. 
          I THINK I'VE HAD SOME OFFLINE DISCUSSIONS, UH, SOME OF YOU ABOUT THIS FIN WE'RE UNDERTAKING. 
          SO WE DID AGREE TO BRING TO THE BOARD, UH, UH, PROPOSED 24 A MONTH ENGAGEMENT, UH, WITH DR. LEONARD. 
          SO WE'RE GOING TO BE PAYING A PORTION, I GUESS WE'RE PAYING UT SOUTHWEST AND THEY'RE, WE'RE REIMBURSING THEM. 
          YEAH. 
          OR PORTION. 
          THAT'S HOW PROFESSORS GET PAID. 
          YEAH, THAT'S FINE. 
          IN GRANTS THAT COVER OUR S OKAY, GOT IT. 
          WE'RE ALSO GOING TO FUND A RESEARCH ASSISTANT AS WELL, UM, AS PART OF THIS ENGAGEMENT, UH, FOR TWO YEARS. 
          AND SO I LOVED HER SCOPE. 
          I, I THINK THAT'S KIND OF, I THINK I'VE TEED IT UP AS BEST I CAN. 
          I THINK, UH, AT THIS POINT, IT'S KIND OF WOULD PASS IT OVER TO DR. LEONARD TO REALLY KIND OF TALK ABOUT WHAT ARE HER GOALS FOR US? WHAT DOES SHE WANNA DELIVER? WHY IS THIS A GOOD OPPORTUNITY FOR HER? UH, I, I'D LIKE TO THINK, YOU KNOW, OUR GOOD WORK WE'VE DONE IN THE LAST FIVE, SIX YEARS HAS BEEN ABLE TO ENABLE THIS. 
          UH, AND SO I THINK IF YOU CAN JUST KIND OF TALK US THROUGH THIS, UH, THAT WOULD BE GREATLY APPRECIATED. 
          HA, LEONARD, THANK YOU. 
          UM, ALL RIGHT. 
          SO I WAS TOLD TO INTRODUCE MYSELF, SO YOU GUYS MAY NOT CARE TOO MUCH ABOUT MY BACKGROUND, BUT, UM, I, UH, I GREW UP IN RURAL TEXAS. 
          UH, MY, MY BEDROOM WINDOW LOOKED DOWN AT, YOU KNOW, A COW PASTURE AND, UM, WENT TO A AND M AND GOT A DEGREE IN CHEMICAL ENGINEERING VERSUS A CHEMICAL ENGINEER. 
          WORKED IN LATIN AMERICA AS A TEACHER FOR A WHILE WITH CHEMICAL ENGINEERING, AND EVENTUALLY FOUND MY WAY TO, UM, WHERE I, UM, SWITCHED PATHS AND STARTED TO ECONOMICS AT HTT. 
          UM, SINCE THEN, HOLD ON. 
          JUST WAITING FOR . 
          HOLD ON. 
          OKAY. 
          WELL, SINCE THEN I'VE HAD, UM, YOU KNOW, JOBS WITH MOST INSTITUTIONS 
          [00:25:01]
HERE IN THE METROPLEX. 
          I'VE, UM, GOT  FUNDING OVER MILLION DOLLARS, THOSE OF IT DIRECTED TO THE SOUTHERN SECTOR OF OUR CITY, UM, ADMIN PROJECTS DEVELOPING IN THE COMMUNITY. 
          UM, I'VE ALSO HAD A LOT OF ADMINISTRATIVE ROLES IN EASTERN UNIVERSITIES. 
          SO I WAS, UH, INTERIM PROVOST, UM, UNIVERSITY OF DALLAS AND DIFFERENT LEADERSHIP ROLES AT THE OTHER INSTITUTIONS AS WELL. 
          I'VE ALSO WORKED, UM, AT THE FDIC FOR BIT IN THEIR RESEARCH GROUP, UM, DURING THE BANKING CRISIS, 2000 7, 2 9. 
          SO I WAS THERE, WE WERE CLOSING BANKS, AND I DID SOME OF THE MODELS TO HELP DECIDE WHICH BANKS TO CLOSE AND WHICH ONES TO SUPPORT. 
          UM, AND I WORKED, UM, AT THE DALLAS FED FOR BIT, THEIR COMMITTEE GROUP. 
          SO I'VE GOT THIS, UM, NICE NETWORK AND IT'S, IT'S REALLY GREAT TO WORK INSIDE THESE INSTITUTIONS TO SEE, UM, HOW THINGS ARE VIEWED FROM THAT SIDE. 
          UM, IN TERMS OF THE WORK THAT I DO, JUST SO YOU CAN KIND OF KNOW WHERE I'M ANCHORED, UH, YOU KNOW, I, I SWITCHED INTO ECONOMICS TO UNDERSTAND THE THINGS THAT SHAPE OUTCOMES FOR LOW INCOME POPULATIONS, UH, GENERALLY. 
          AND SO THAT'S LED TO A LOT OF THINGS. 
          HOUSING AND NEIGHBORHOODS IS ALWAYS FOREMOST, THAT'S MOST RELATED TO WHAT WE DO HERE. 
          UM, BUT I DO A LOT OF OTHER WORK IN PARTNERSHIP WITH THE NONPROFIT SECTOR AND FOOD, HOUSING, ECONOMIC SECURITY, UM, NATIONAL STUDIES, LOOKING AT WEALTH AND ECONOMIC DEVELOPMENT AND, UM, KIND OF MORE BEHAVIORAL BASED LOOKING, GET SOME BEHAVIORAL AND DISCRIMINATION, THOSE SORTS OF POLICIES. 
          SOME OF THE STUFF'S NOT SHOWING UP HERE, SO I APOLOGIZE. 
          UM, BUT ONE OF THE FIRST PROJECTS I DID WAS ACTUALLY IN SOUTH DALLAS. 
          WE HAD A PHIL OFFICE AT THE QUARTER OF MLK AND, UM, OH, ANOTHER CROSS STREET. 
          BUT RIGHT DOWN THE HEART OF JUST, OF THAT NEIGHBORHOOD, WE WERE EXAMINING WHAT HAPPENED WITH THE LIGHT RAIL, THEIR STATIONS IN THAT NEIGHBORHOOD. 
          REMEMBER THAT TIME, UH, WE DID A 100 FOOT SURVEY OF EVERY UNIT, EVERY STRUCTURE IN, UM, THAT AREA, KIND OF SOUTH 30 EAST OF 75. 
          AND, YOU KNOW, WE CODED ALL THESE HOUSES, WE CODED BARS ON WINDOWS, WE CODED EVERYTHING. 
          WE HIRED PEOPLE FROM THE COMMUNITY, OUR LEADERSHIP TEAMS THERE IN ONE OF THE PICTURES. 
          UM, AND I LEARNED A WHOLE LOT ABOUT WHAT IT TAKES TO BUILD A COMMUNITY IN A NEIGHBORHOOD. 
          AND WE TALKED PEOPLE IN FOR TWO HOURS WORTH OF INTERVIEWS, UM, HUNDREDS OF THEM. 
          AND SO, UH, YOU KNOW, SOME OF THE OUTCOMES WERE THIS, WERE UNDERSTANDING WHAT HAPPENS WHEN YOU CHANGE A NEIGHBORHOOD. 
          SO IT TURNS OUT THAT WHENEVER THERE, THE HATCHER STATION WAS BUILT, THE HOUSES AROUND IT, WE SAW LESS LITTER, LESS BARN ON WINDOWS, LESS, YOU KNOW, THE WHOLE NEIGHBORHOOD IMPROVED AROUND THAT STATION AT AFTER WAS BUILT AND NO ADULT THAT WOULD HAPPEN, BUT IT DID, RIGHT? THERE WAS NO, SO IT, YOU LEARNED A LITTLE BIT ATTRIBUTED TO THE SCIENCE AROUND HOW NEIGHBORHOOD CHANGE TRANSPIRES. 
          I ALSO GOT TO KNOW PEOPLE A LOT. 
          UM, SORRY GUYS. 
          SOME THE SLIDES IS NOT SHOWING UP. 
          UM, THERE WAS A LOT OF WORK THAT I'VE DONE ALSO THE DALLAS AREA, LOOKING AT, UM, THE FORECLOSURE. 
          SO PEOPLE MAY NOT, YOU GUYS MIGHT BE AWARE ANY AUDIENCE YOU WOULD BE, UH, BUT DALLAS WAS LEADING THE NATIONS FORECLOSURES BEFORE THE FORECLOSURE CRISIS, AND IT WAS CONCENTRATED IN CERTAIN NEIGHBORHOODS IN OUR CITY, AND OKAY. 
          YEAH. 
          DO YOU KNOW WHY? YEAH, WE'VE GOT PLENTY OF TIME. 
          SO JUST FOR, SHE'S NOT THERE. 
          IT'S OKAY. 
          WE'RE JUST PRETTY EARTH, BUT IT'S FINE. 
          WE'LL EMAIL. 
          YEAH, SURE. 
          DON'T WORRY ABOUT IT. 
          CAN WE PUT IT IN LIKE PLAY MODE? I MEAN, SOMETIMES STUFF IS, YOU KNOW, STACKING, SO INSTEAD OF RIGHT NOW IT'S JUST IN LIKE WORK MODE. 
          I DON'T KNOW WHAT YOU CALL THAT, BUT YOU KNOW, LIKE YOU PLAY THE PRESENTATION, THAT'S WHAT WE ADDED. 
          WELL, WE DID OKAY. 
          BUT IT WASN'T LIKE THE TRANSITIONS ARE FROZEN. 
          YEAH. 
          THERE WEREN'T EVEN TRANS, THERE'S NO ANIMATION ON STUFF EITHER. 
          LIKE, I THINK IT'S JUST NOT, IT'S FINE GUYS. 
          THIS SHOULD HAD A LOT OF . 
          IT WAS FINE. 
          THIS ONE JUST HAD, IT'S OKAY. 
          YEAH, I NO WORRIES. 
          NO WORRIES. 
          I CAN TALK THROUGH IT. 
          UM, BUT WE DID CLOSURE PRICES. 
          WE WERE KIND OF THE FIRST DALLAS, WE MAY NOT BE AWARE OF THIS, BUT DALLAS, UM, WE PRESENTED AT THE NATIONAL HOME BUILDERS ASSOCIATION IN DC ALONG WITH WHAT, YOU KNOW, ANNIE AND FREDDY WERE THERE. 
          ALL THOSE PEOPLE GOT LAID OFF ABOUT TWO WEEKS LATER WHEN THE CRISIS HIT. 
          BUT WE WERE THE FIRST, THE DATA FROM DALLAS THAT FIRST DEMONSTRATED THE IMPACT ON NEIGHBORHOODS SUCH AS CLOSURE CRISIS. 
          AND THAT IMPACTED WHAT LED TO NEIGHBORHOOD STABILIZATION PROGRAM REPORT MILLIONS OF DOLLARS INTO TRYING TO BUFFER AGAINST THIS NEGATIVE IMPACT NEIGHBORHOOD. 
          UM, WE ALSO STUDIED DALLAS HABITAT, SOME OF THAT MONEY REFURBISHED COWS, AND WE WERE ABLE TO DOCUMENT THE SUSTAINED IMPACT THEY DID, THEY HAD, AND 10 TO 12% INCREASE IN CRISIS IN THE LOCAL AREA AROUND THE NEIGHBORHOOD HOUSES THAT THEY WERE ABLE TO REFURBISH THROUGH THAT PROGRAM. 
          SO I'VE DONE A LOT OF THIS KIND OF WORK IN DALLAS AND A LOT OF 
          [00:30:01]
OTHER, UM, STUDIES, YOU KNOW, OUTSIDE OF FORECLOSURES AS WELL IN DALLAS AND NATIONALLY, TO KINDA UNDERSTAND HOW HOUSING MARKETS RESPOND, WHICH IS CORE TO WHAT I THINK WE'RE INTERESTED IN UNDERSTANDING HOW WE QUANTIFY THE IMPACT OF THE WORK THAT WE'RE DOING. 
          UM, THE OTHER THING I DO IS, AGAIN, SOME STUFF'S MISSING HERE, BUT, UM, I BEGAN IN 2011, THIS COMMUNITY ASSISTANCE RESEARCH INITIATIVE. 
          THE IDEA WAS TO BRIDGE THE GAP FROM THE RESEARCH WORK WE'VE DONE IN OUR ACADEMIC INSTITUTIONS IN THE AREA AND NEEDS OF THE COMMUNITY TO SORT OF MAKE SURE WE'RE ASKING QUESTIONS THAT ARE ACTUALLY RELEVANT FOR SOLVING REAL PROBLEMS IN OUR LOCAL COMMUNITIES. 
          AND THEN, YOU KNOW, RETURNING TO THE ACADEMY, SORT OF BRINGING THE TOP NOTCH ROBUST EVIDENCE INTO THOSE PROBLEMS. UM, I WORKED WITH ALL OF THESE ORGANIZATIONS HERE AND, AND MANY OTHERS, UM, THROUGH THIS COLLABORATION. 
          AND WE HAVE FUN PROJECT, UM, WORKING A LOT OF THIS STUFF IS, I NEVER HAVE I BEEN ABLE TO GET THIS TO GO WITH HOUSING. 
          SO I'M REALLY THRILLED FOR THIS ENGAGEMENT BECAUSE I'VE BEEN DOING A LOT OF THIS WORK AND PEOPLE SAY, HOUSING RESEARCH, OR WHY ARE YOU DOING THIS WORK? IT ALL COMES TOGETHER. 
          IT ALL MATTERS. 
          UM, AND SO THE WORK WE'RE DOING TOGETHER REALLY, UM, TIES THIS TOGETHER NICELY. 
          OKAY. 
          SO FIRST OF ALL, INTERRUPT IF YOU GUYS HAVE QUESTIONS ABOUT ANYTHING. 
          ANYTIME. 
          OKAY. 
          UM, SO WHAT DO WE HAVE PLANNED? UH, THIS IS SORT OF YEAR ONE PLAN LISTENING SESSIONS. 
          YOU KNOW, I AM LISTENING AND ALREADY ACTIVELY MEETING WITH FOLKS. 
          UM, AND WHAT WE WANNA KNOW IS WHAT THEY CARE ABOUT AROUND THIS ISSUE, AROUND THE WORK THAT WE'RE DOING, AROUND THE PROJECTS WE'RE BRINGING FORWARD. 
          UM, THROUGH THAT, UM, WE'RE GONNA WORK TO COMPILE A GEOSPATIAL DATABASE. 
          SO, YOU KNOW, SPATIALLY REFERENCED WHERE WE CAN UNDERSTAND INFORMATION WHEN YOU'RE PROPOSING A PROJECT. 
          WE CAN HAVE MORE INTEL ABOUT THE LOCAL AREA AND WHICH IS BEING PLACED AND HOW THOSE THINGS FIT TOGETHER. 
          UM, WE'RE GOING TO COMPILE THAT TO A DATABASE, HAVE MORE LISTENING SESSIONS, UNDERSTAND HOW PEOPLE MIGHT WANT TO USE THAT INFORMATION. 
          AND IN THE END, WE'RE GOING TO DEVELOP A DECISION SUPPORT TOOL THAT WE HOPE CAN BE USEFUL REALLY BY ANYBODY AND MAKE IT AVAILABLE TO ANYONE. 
          BUT PRIMARILY CITY COUNCIL MEMBERS IS THE TARGET OUTCOMES. 
          SO THAT WHENEVER THEY'RE ASKED FOR APPROVE A PROJECT, THEY DON'T HAVE TO JUST TRUST THAT THEY CAN ASK, THEY COULD HAVE THE INFORMATION TO MAKE THEIR OWN  TO MAKE THEIR OWN DECISIONS. 
          NOW, THE SCOPE AND FEEL OF WHAT THAT DECISION IMPORTANT TOOL WILL BE, I THINK IS UNDECIDED. 
          WE WANNA LISTEN AND UNDERSTAND WHAT PEOPLE NEED. 
          SOME PEOPLE PREFER SIMPLICITY, SOME PEOPLE PREFER MORE COMPLEXITY SO THEY CAN GET INTO THE WEEDS. 
          AND SO WE'RE GONNA HAVE ONGOING CONVERSATION, UM, TO FIGURE THAT OUT. 
          UH, WE'RE ALSO GOING TO BE DOING A LITERATURE REVIEW, WHICH A LOT OF IT'S IN MY HEAD, YOU KNOW, KIND OF PUTTING IT TOGETHER AND GIVING IT SHAPE AROUND, UM, AFFORDABLE HOUSING AND THE PLACE BASED IMPACTS OF IT. 
          SO REALLY FOCUSING ON PLACE IN THIS FIRST YEAR IN YEAR TWO. 
          SO WHAT WE'RE BUILDING TOWARDS, RIGHT? UM, SO THE DARK PURPLE ONES ARE, ARE ALREADY EXISTING. 
          WE'RE GOING TO BE DOING MORE LITERATURE REVIEW, SWITCHING OUR FOCUS FROM PLACE TO PEOPLE, UM, MORE LISTENING SESSIONS, BUT HOPEFULLY KIND OF FORMALIZE THIS MORE SO THAT EVENTUALLY WE HAVE SOME SORT OF ADVISORY BOARD. 
          I HAVE NOT PUT SHAPE FOR IT BECAUSE I DON'T WANNA DUPLICATE WHAT'S ALREADY OUT THERE. 
          I'M TRYING TO FIGURE OUT WHAT'S GOING, WHAT, WHO PEOPLE ARE LISTENING. 
          SO I JUST WANNA MAKE SURE WE'VE GOT THE RIGHT MIX OF PEOPLE ON THE BOARD SO WE GET ALL THE PERSPECTIVES COVERED, BUT WE ALSO HAVE PEOPLE WILLING TO COLLABORATE AND, AND REALLY WANTING TO MOVE THINGS FORWARD. 
          UM, AND THEN WE WOULD LIKE TO LAUNCH A YEAR TWO OF THIS LONGITUDINAL RESEARCH STUDY TO GET TO REALLY THE IMPACT ON PEOPLE THAT DAVID MENTIONED. 
          YOU KNOW, WHAT, WHAT ARE THESE PROJECTS DOING AND HOW DO WE STUDY THEM FOR THE LONG TERM? UM, THAT WILL ALL FEED BACK TO SUPPORT ITERATIONS IN THAT DECISION SUPPORT TOOL, RIGHT? WE'RE NOT GONNA GET THAT TOOL PERFECT FIRST TRY. 
          AND SO WE WANNA KEEP ITERATING ON IT AND KEEP ADDING OUR LEARNINGS AS WE GO. 
          UM, YOU KNOW, THE HOPE IS THAT YOUR, YOUR TWO'S NOT THE END. 
          YOU GUYS DECIDED THE END, YOU'LL SEE WHAT YOU HAVE. 
          BUT THE HOPE IS WE LAUNCHED THAT STUDY AND THEN IN SUBSEQUENT YEARS WE HAVE THIS ONGOING STUDY. 
          SO THE THINGS IN THE DOTTED CIRCLE, THERE ARE THINGS THAT WILL HAVE PERMANENT, WE ESTABLISHED AS PART OF, UM, WHAT WE HAVE TO SUPPORT. 
          HOUSING DECISIONS IN THE CITY OF DALLAS, UH, WILL CONTINUE TO MAKE POLICY BRIEFS, AND IDEALLY THEY WILL INCREASINGLY BECOME MORE LOCAL FOCUSED AND LESS, YOU KNOW, WE'LL CONTINUE TO PULL THE NATIONAL KNOWLEDGE DOWN, OF COURSE, BUT WE'LL HAVE THE INTEL LOCALLY TO ADD WHAT'S GOING ON IN DALLAS CONTEXT MORE CLEARLY. 
          UM, THE DATABASE WILL CONTINUE TO BE MAINTAINED AND LAUNCH IN THE RESEARCH STUDY WILL CONTINUE TO GROW AND COLLECT DATA. 
          AND WE'LL HAVE AN ADVISORY BOARD OF SORT, AND, AND THOSE WILL ALL THEN DEEP INTO ADDITIONAL RESEARCH STUDIES. 
          UH, YOU KNOW, THE HOPE IS ONCE THIS IS LAUNCHED, IT'S NOT JUST THIS US FUNDING IT, IT'S OTHER PEOPLE COMING ON BOARD. 
          I'VE ALREADY HAD ONE CONVERSATION. 
          THE FIRST OUT HER MOUTH WAS, WE WANNA FUND THIS TOO. 
          SO THAT WAS GOOD NEWS, RIGHT? SO THE IDEA IS WE NEED TO BUILD THIS AND THEN BRING IT COLLABORATORS, STEP ONE, HAVE A VESTED INTEREST OF THE RESULTS AS 
          [00:35:01]
WELL. 
          YEAH. 
          SO I, I DID NOT GRAD SCHOOL FOR LIKE 10 YEARS. 
          WHAT, WHAT DO YOU MEAN BY LONGITUDINAL RESEARCH STUDIES? OH, YEAH, YEAH, GOOD QUESTION. 
          THAT MEANS YOU FOLLOW PEOPLE AS YOUR TIME. 
          AND SO, YOU KNOW, IDEALLY WE'VE GOTTA DO SOME WORK ON THIS AND DESIGN IT CORRECTLY WITH THE RIGHT STAKEHOLDERS. 
          BUT BECAUSE WE'RE ALL DRIBBLING DATA OUT IN OUR LIVES THESE DAYS, UM, YOU CAN ENROLL PEOPLE IN A STUDY AND JUST GET THEIR PERMISSION TO CONTINUE TO COLLECT LIKE THEIR WORKFORCE DATA, THEIR HEALTH DATA, YOU KNOW, FROM THESE OTHER DATA SOURCES. 
          SO WE DON'T HAVE TO KEEP PESTERING PEOPLE. 
          WE CAN FOLLOW THEM OVER TIME. 
          AND THOSE LONGITUDINAL STUDIES, WHY IS THERE IMPORTANT? IS BECAUSE THEY ARE WHAT ALLOW US TO GET TO, TO RESEARCH ANSWERS AS OPPOSED TO JUST ASSOCIATIVE. 
          UM, THE MOST FAMOUS STUDY FOR MOVING TO OPPORTUNITIES FOR THAT, THIS WAS A BIG STUDY. 
          IT WAS THE MOVING TO OPPORTUNITY STUDY LAUNCHED AND HAD ITS RESULTS ABOUT FIVE TO 10 YEARS AFTER LITECH POLICY WAS WRITTEN. 
          AND SO WHAT YOU GUYS HAVE BEEN UP AGAINST, I THINK WAS THE CITY HALL IS THIS BIG DEBATE. 
          UM, BECAUSE EVERY MOVING TO OPPORTUNITIES SHOWED HOW WE CAN TAKE CHILDREN FROM GOING FROM FAMILIES PLACE, AND THEN WE CALL OPPORTUNITY NEIGHBORHOODS. 
          UM, NEIGHBORHOODS WHERE ECONOMIC MOBILITY IS MORE POSSIBLE WITH JOBS, SPECIFIC SCHOOLS, ALL THINGS  AND THEIR OUTCOMES CHANGE. 
          AND THE YOUNGER CHILDHOOD, THOSE NEIGHBORHOODS, THE MORE EFFECTIVE IT IS IN CHANGING THEIR LIFE TRAJECTORY AND THEIR, THEIR OUTCOMES. 
          SO BEST POLICY IDEAS WE HAVE IS THAT WE NEED TO MOVE LOW INCOME FAMILIES, THESE OPPORTUNITY NEIGHBORHOODS. 
          SOME PEOPLE TRANSLATE THAT INTO DECONCENTRATING POVERTY. 
          IT SORT OF IS, AND IT'S NOT EXACTLY THE SAME THING. 
          OKAY? UM, THE PROBLEM IS OPPORTUNITY NEIGHBORHOODS. 
          THAT KNOWLEDGE CAME OUT, THAT EVIDENCE, ABOUT 10 YEARS AFTER LITECH WAS ESTABLISHED, LITECH HAD THE BIGGEST POLICY LEVER WE HAVE. 
          IT IS NOT WRITTEN TO MOVE PEOPLE WITH OPPORTUNITY NEIGHBORHOODS, BECAUSE THAT WAS NOT THE POLICY GOAL, WAS THE POLICY, THOSE THINGS. 
          AND SO EVERYBODY'S IN THIS SPACE. 
          IT'S NOT NEW TO DALLAS. 
          WE'RE TRYING TO FIGURE OUT HOW TO MAKE LIE TECH DO THE THINGS WE KNOW THAT ARE BEST PEOPLE. 
          UM, BUT THERE'S THE CHALLENGES. 
          AND SO THE QUESTION IS TO CONTINUE TO STUDY, GIVEN OUR LIMITATIONS, HOW DO WE DO THAT TO THE BEST OF OUR ABILITY? UM, AND IT'S AN OPEN, THIS IS THE POLICY QUESTION NATIONALLY, RIGHT? PEOPLE ARE TRYING TO DO THINGS, UM, AROUND IT. 
          WELL, I THINK ON THAT STUDY, YOU KNOW, ONE OF THE THINGS THAT WAS REALLY HELPFUL THAT I THINK COULD HELP OUR CONVERSATION HERE IS, YOU KNOW, RA SHETI TALKS ABOUT WHAT OPPORTUNITY AREAS ARE, AND THAT DOES NOT MEAN NECESSARILY A MORE AFFLUENT NEIGHBORHOOD. 
          AND I THINK WHEN WE GET SOME PUSHBACK FROM COUNCIL AND WE GET PUSHBACK FROM OTHER STAKEHOLDERS OF TRYING TO DECONCENTRATE POVERTY, AND AS YOU SAID, L TECH IS NOT MEANT TO DO THAT, LIKE TECH IS TO GO INTO AREAS THAT HAVE BEEN UNDER INVESTED IN AND UNDERSERVED THAT THE MARKET IS NOT HELPING. 
          YOU KNOW, HOW DO WE LOOK AT WHAT ARE THE DRIVERS OF HIGH OPPORTUNITY AREAS? AND IT DOES NOT NECESSARILY MEAN HIGHLAND PARK OR, UH, YOU KNOW, THESE KIND OF PRESTON HOLLOW OR, OR LAKEWOOD OR WHATEVER. 
          LIKE, WE CAN HAVE HIGH OPPORTUNITY AREAS IN AREAS THAT HAVE BEEN HISTORICALLY UNDERSERVED IF WE'RE LOOKING AT TRANSIT OR, YOU KNOW, YOU KNOW, THE, THE LOCAL, UH, ELEMENTARY SCHOOL OR, OR THOSE TYPES OF THINGS. 
          AND I THINK THAT WOULD BE HELPFUL TO THIS BOARD OF LIKE, WHAT ARE THOSE FACTORS THAT MAKE AN AREA HIGH OPPORTUNITY THAT COULD HELP US IN THE DECISION MAKING OF THESE ARE THE AREAS WE WANNA SUPPORT AND THESE ARE THE AREAS THAT MAKES SENSE TO REINVEST IN. 
          UM, AND I THINK THAT'S BEEN MISSING FROM OUR CONVERSATION AS WELL, RIGHT? THAT'S A HUNDRED PERCENT. 
          AND THE, THE HARD THING IS WHY WE USE THE TERM OPPORTUNITY AREAS ALL THE TIME. 
          IT'S KIND OF DIFFICULT TO SAY WHAT EXACTLY IT IS, RIGHT? AND SO THIS IS WHY OUR GEOSPACIAL DATABASE IS GOING TO BE IMPORTANT. 
          WE'RE GOING TO PUT EVERYTHING WE CAN IN THERE, TRY TO USE IT AS A DECISION SUPPORT TOOL, BUT THEN OUR LONGITUDINAL SPACE MIGHT COMPLIMENT THAT BECAUSE FIVE YEARS FROM NOW, WE'RE GONNA BE ABLE TO SAY SOMETHING ABOUT THE OUTCOMES FOR PEOPLE IN DIFFERENT NEIGHBORHOODS. 
          AND REALLY THIS, YOU KNOW, THE DREAM HAPPENS AND WE'RE ALL RETIRED AND THIS THING IS STILL RUNNING. 
          THAT'S WHEN WE'LL REALLY START GETTING THE ANSWERS ABOUT WHAT HAPPENS, RIGHT? BUT MY, MY GOAL IS TO SET THIS UP SO THAT IT HAS SUSTAINABLE, I, I'VE DONE THIS BEFORE, SOME MY NON-PROFIT WORK, UH, WHERE IT'S THE LEAST AMOUNT OF COST SO IT CAN SURVIVE DROUGHT YEARS, BUT NOBODY'S INTERESTED IN IT. 
          IF YOU JUST BE AN ITEM THAT CONTINUES TO COLLECT AND THEN WITH INTEREST GROWS, INTEREST GROWS THE PROCESS, PRICES GO UP, EVERYBODY ACTS LIKE WE'RE EXPERIENCING NOW WITH BRAND NEW AND EXCITING AND NEVER HAPPENS. 
          WE ALL KNOW THESE THINGS HAPPEN. 
          IT'S HAPPENED BEFORE, IT'LL HAPPEN AGAIN. 
          AND SO CAN WE BUILD SOMETHING THAT CAN SUSTAIN THE DROUGHT? NO ONE'S INTERESTED AND ALLOW US TO CONTINUE TO GET MILEAGE SO WE CAN FIGURE THIS OUT. 
          THERE HAS, YEAH. 
          NO, YOU CANNOT JUST, YOU FINISH. 
          I HAVE, GO AHEAD. 
          I, I, I CAN IZE. 
          OKAY. 
          YOU, YOU MENTIONED ANOTHER ORGANIZATION THAT LEARNED ABOUT HERE OR WORKING ON AND THEY WANNA PARTICIPATE AT. 
          [00:40:02]
IF THERE WERE OTHER FUNDS AVAILABLE, WHAT DOES THAT DO TO THE TIMELINE AND OR THE SCOPE OF WHAT WE WOULD DELIVER? I HONESTLY THINK YOU ARE ONE AND TWO, YOU'RE FUNDED WHERE WE NEED TO BE. 
          OKAY. 
          WHICH MAYBE I SHOULDN'T SAY THAT SHOULD ALWAYS ASK , BUT LEMME BE HONEST. 
          I THINK WE'RE GOOD. 
          I THINK THAT RUBBER'S GONNA MEET THE ROAD. 
          WE FIGURE OUT WHO OUR PARTNERS ARE, HOW THEY THEY CAN GO AND WHAT'S THIS LONGITUDINAL STUDY GONNA LOOK LIKE. 
          WE ARE NOT FUNDED CURRENTLY. 
          I DON'T, I THINK I'M GONNA BE COMING BACK AND SEEKING MONEY TO REALLY LAUNCH THAT LONGITUDINAL STUDY, BUT SINCE I DON'T KNOW WHAT IT IS YET, I DON'T THINK IT'S FAIR FOR ME TO ASK FOR THOSE FUNDING. 
          I THINK THAT'S ALSO THE OPPORTUNITY. 
          THAT'S THE LONG TERM THING, THAT DATABASE, RIGHT? THE GEO DATABASE IS, WE GOT PLENTY THAT OFF THE GROUND AND WE NEED TO DEMONSTRATE, BUT THEN THE LONGITUDAL STUDIES, WE NEED TO GET OUR PARTNERS INVOLVED WITH THIS BECAUSE YOU WANT THEM TO FIND, AND THE ONLY WAY YOU GET TO MAKE IT THE SKIN IN THE GAME, AND THEN EVERYBODY IS KEEPING THIS GOING TOGETHER. 
          AND AS YOU HAVE MORE PARTNERS, THEY'LL HAVE MORE THINGS THEY'RE INTERESTED GETTING OUT OF THE STUDY. 
          YES. 
          AND SO, SO YOU'LL HAVE TO ADJUST TO ACCOMMODATE, YOU WOULD JUST, I'VE ALREADY, I'VE DONE THIS A MILLION TIMES, SO I GOT THAT IN MIND. 
          YOU KNOW HOW TO DO THE BREATH. 
          WHAT YOU DO IS YOU ASK PEOPLE TO, I'VE GOT ALREADY GOT COLLEAGUES TEED UP AT UT SOUTHWESTERN. 
          AS SOON AS GOVERNMENT STARTS FUNDING PROJECTS AGAIN, THEY WILL, YOU KNOW, THEY, WE'VE GOT THE APPLICATION PEOPLE GO IN THROUGH INDIVIDUAL INVESTIGATORS. 
          SO THAT'S ONE SOURCE THAT'LL BE OVERLY OUTTA YOUR CONTROL. 
          SO IT'LL GENERATE KNOWLEDGE THAT ALSO IT MAKES THE NATIONAL CONVERSATION RELEVANT TO DALLAS BECAUSE THE KNOWLEDGE IS GONNA BE ROOTED IN DALLAS DATA. 
          IT'S GOING TO BE REFLECTED TO A NATIONAL AUDIENCE AS YOU'VE SEEN THIS LOCALLY. 
          UH, THE TEXAS SCHOOLS PROJECT IS OUTTA UT DALLAS. 
          MOST OF THE EDUCATION RESEARCH AND ECONOMISTS DO IS ABOUT TEXAS, , TEXAS KIDS BECAUSE WE HAVE THE DATA SOURCE. 
          SO, SO THAT'S THE IDEA. 
          UM, THE OTHER THING IS YOU BRING IN OTHER NONPROFIT TRANS LOCAL COMMUNITY, RIGHT? AND YOU WANT THEM TO BE IN THE NAME, BUT THAT'S BEAUTIFUL BECAUSE THEN WE'RE ALL INTERESTED IN GETTING IT RIGHT. 
          AND WE MIGHT ARGUE WE MIGHT DISAGREE, BUT WE'LL HAVE IT GROUNDED IN EVIDENCE BASED AND, AND THAT WOULD BE GOOD, GOOD HEALTHY STIMULUS CONVERSATION AS OPPOSED TO WHAT WE SEE NOW WHERE YOU HAVE DISCUSSIONS WITHOUT A LOT OF EVIDENCE. 
          AND WHEN YOU BRING IN THOSE OTHER NON-PROFITS AND OR OTHER PARTNERS, DO YOU, LIKE YOU SAID, YOU MAY HAVE A DIFFERENCE OF OPINION OR YOU, YOU MAY BE THE GUY DIFFERENT. 
          DO YOU EVER GET TO THE POINT WHERE YOU TELL SOMEONE AN ORGANIZATION THAT, THAT DOESN'T FIT WITH WHAT WE'RE DOING? OR, OKAY, AND, AND YOU GUYS, I MEAN DHSC IS THE, THE , RIGHT? I MEAN, YOU GUYS STILL HAVE THE SKIN OF THE GAME, YOU GUYS, BUT USUALLY WHAT THE REQUESTS ARE TAKING , RIGHT? AND YOU'RE USUALLY ALREADY DOING THAT. 
          OKAY? THIS IS WHY THE STAKEHOLDER ADVISORY BOARD IS GONNA BE KEY. 
          YOU WANNA PUT THE RIGHT PEOPLE ON THAT, THAT HELP. 
          RIGHT? NOW I'M TRYING TO GET A SENSE OF THE GAME. 
          LOOK, WHEN I MET DAVID, THERE WAS A BLIND MEETING, RIGHT? AND THE FIRST THING I SAID DAVID, WAS, HEY, WHAT ARE YOU DOING IN THESE NEIGHBORHOODS? RIGHT? LIKE, YOU GOTTA FEEL EACH OTHER OUT THERE. 
          THERE'S TELL EACH OTHER . 
          YEAH. 
          BUT THIS IS WHY IT'S IMPORTANT AND THIS IS WHY YOU WANT A BOARD OF PEOPLE. 
          BUT LIKE YOU GUYS, AND THAT'S WHY I'M NOT SURE HOW THE STAKEHOLDER ADVISORY BOARD FITS YOUR BOARD. 
          WE'VE GOTTA HAVE SOME DISCUSSION ABOUT HOW THAT HAPPENS. 
          BUT YOU WANT SOME PEOPLE GUIDING WHAT WE DO TO LOOK OUT BOTH FOR THE, WE HAVE DIFFERENCES OF VIRGINIA'S RESPECTFULLY DISPLAYED, BUT ALSO, AND THEN WE REPRESENT THE COMMUNITIES, RIGHT? THEY WANT SOME COMMUNITY MEMBERS ON THIS BOARD TOO. 
          IT'S NOT JUST US, RIGHT? UM, BUT YOU ALSO WANT PEOPLE TO MAKE SURE WE GOT TO , RIGHT? THAT WE AREN'T GONNA GO . 
          WELL, SEAN, I I WOULD ADD, I THINK QUICKLY KIND OF FORMULATING THIS IDEA OF WHAT DO WE NEED, HOW DO WE NEED IT? YOU KNOW, WE WANTED TO BE SURE THAT WHAT WE'RE DOING IS AS TONS CORRECT. 
          PARTIAL AS POSSIBLE, RIGHT? BECAUSE OTHER PEOPLE CAN JUST RUN THE STUDY AND SAY, HEY, FIND ME THIS DATA THAT MAKES YOU LOOK GOOD. 
          THE QUESTION OUT YET, RIGHT? YEAH. 
          SO WE WANNA SAY, WHAT, WHAT IS THE BEST OUTCOME? AND, AND HOW CAN THESE ARE MOTIVE? AND THE THING THAT I, AND I STARTED TALKING TO TAMMY. 
          I BROUGHT AARON IN, JUST 'CAUSE I THINK THE BILL STARTED TURNING, UH, WHO IS FUNDING IT? WHO IS THAT GROUP THAT PULLS BRICK GORDON AND YOU KNOW, SAYS GO. 
          IT'S REALLY IMPORTANT BECAUSE I MEAN, I THINK TAMMY HAS SAID THAT, YOU KNOW, SOME DEVELOPMENT GROUPS OR DEVELOPMENT TYPE GROUPS HAVE SAID, HEY, CAN YOU DO THAT? BUT THEY HAVE A PROFIT. 
          YOU KNOW, LOOK, WE DON'T, WE WANNA, WE WANNA BELIEVE WHAT WE'RE DOING AS EHSC IS GOOD, BUT AS SOME COUNCIL MEMBERS HAVE SAID, EMPHATICALLY, YOU'RE VOLUNTEERS. 
          WELL, YEAH. 
          YOU KNOW, WE ARE VOLUNTEERS. 
          WE'RE PUTTING TIME AND EFFORT, UH, BUT WE HAVE NO MONEY INTO THIS THING, RIGHT? AND SO ALSO WE'RE A QUASI-GOVERNMENTAL ENTITY AS WELL. 
          UM, THESE ARE OUR PROPERTIES TOO. 
          WE OWN AS WELL. 
          WE HAVE ACCESS TO 'EM. 
          I THINK I REALIZED, AND AARON 
          [00:45:01]
DID TOO, THAT LIKE, IT HAS TO BE THE HSC THAT DOES IT. 
          AND YOU KNOW, THE PF C'S GONNA COOPERATE TOO AS WELL. 
          BUT I THINK IT STILL NEEDS TO BE THE HSC FOR A FEW REASONS. 
          ONE, YOU KNOW, FOR MONEY. 
          UM, TWO, THE HEART OF THIS REALLY IS ABOUT WHAT ARE LIFE TECH PROJECTS DOING? NOT HARD. 
          I MEAN, IT, IT IS A LOT OF THINGS, BUT I THINK THAT'S A BIG PIECE OF IT. 
          AND SO I THINK IT REALLY NEEDS TO BE THE HSC KIND OF, UH, I DON'T DRINK AND SHIP ON THIS THING, AND THEN IF IT GROWS INTO SOMETHING BIGGER, WE'LL WE'LL DEAL WITH IT THEN, RIGHT? YEAH. 
          AND I MEAN, TO ME, MY, MY GOAL IS TO ANSWER THE QUESTION YOU GUYS WANNA ANSWER WITH THIS DATA. 
          I MEAN, THE DECISION TOOL DAVID REQUESTED, THAT MAKES SENSE TO ME. 
          LITECH IS CENTRAL TO THIS. 
          I THINK THERE'S KNOWLEDGE, BUT WHILE YOU'RE DOING ALL THAT, THEY'RE SETTING UP THIS INFRASTRUCTURE. 
          IT'S THERE FOR OTHER THINGS TO, IT'S THE RIGHT INFRASTRUCTURE FOR OTHER THINGS THAT CAN HELP THE CITY DO. 
          AND SO WHEN THIS THING GETS SET UP, THERE WILL ALSO BE BERING GUIDELINES, WHICH WILL BE APPROVED. 
          YOU KNOW, PEOPLE CAN'T JUST ACCESS THIS DATA. 
          THEY HAVE TO SIGN AGREEMENTS IF THEY'RE PROTECTING THE INFORMATION. 
          THERE'S A WHOLE LEGAL STRUCTURE THAT WE SET UP WITH THESE STUDIES AND YOU GUYS AS THE FUNDS. 
          WE'LL PROVE ALL OF THAT TO MAKE SURE WE'VE GOT THE GUARDRAILS ON. 
          AND I'VE DONE THESE BEFORE, SO I KNOW SOME OF THE GUARDRAILS, YOU KNOW. 
          UM, BUT I THINK THIS IS VERY COMMON. 
          I MEAN, FOR EXAMPLE, I, YOU GUYS ARE MET, HE WROTE BOOK EVICTED, VERY FAMOUS RESEARCHER. 
          UM, YES, WE COLLABORATE WITH HIM. 
          HE'S GOT AN EVICTION LAB. 
          HE COLLECT ALL THE EVICTION DATA FOR THE CITY OF DALLAS. 
          AND I HAVE IT 'CAUSE I PARTNER WITH HIM. 
          WE HAVE SENIOR PROTOCOL THAT WE SIGNED AND AGREED. 
          AND OVERSIGHT S WE USE THAT DATA FOR GOOD, BUT THERE ARE MODELS FOR THIS NATIONALLY THAT HOW US IS DONE AND HOW YOU NEED TO WALK THE RAILS. 
          YOU DO IT CORRECTLY. 
          UM, BUT DEFINITELY YOU HAVE INPUT. 
          I APPRECIATE IT BECAUSE I, I'VE DONE THIS SEVERAL TIMES AND I'M CONSTANTLY HAVING TO WATCH MY OWN BACK. 
          I APPRECIATE HAVING OVERSIGHT FROM OTHERS TO HELP GUARD THAT AS WELL. 
          WE, WE TALKED ABOUT THIS LIVING IN PERPETUITY WHEN WE LONG GONE OFF THE VARIOUS BOARDS AND DIFFERENT PLACES OF EMPLOYMENT. 
          WHERE WOULD WOULD THIS RESIDE IF YOU'LL I THINK THAT'S A GOOD QUESTION AND I THINK WE NEED TO SEE WHAT WE'RE WHERE. 
          SO THAT'S WHY I TOLD DAVID, DAVID WAS LIKE, HOW LONG I, LIKE TWO YEARS IS ALL YOU, WE GOTTA GET TWO YEARS DOWN BEFORE WE KNOW SOME OF THESE ANSWERS. 
          BECAUSE THAT'S THE OPEN QUESTION FOR ME. 
          WHAT IS THE BEST PLACE FOR THIS TO RESIDE? AND I THINK WE NEED TO SHARE THAT CERTAINLY WITH MY ATION G SOUTHWESTERN, THEY HAVE DATA WHERE INSTANCE THE LIBRARY THERE HOST THE NATIONAL INNER, YOU KNOW, DATA REPOSITORY. 
          SO THERE ARE PLACES IN THE STRUCTURED FOR UNIVERSITY SYSTEM, BUT MAYBE THAT'S NOT IT. 
          YOU KNOW, MAYBE THERE'S SOMEWHERE ELSE AND WE CAN HAVE THOSE DISCUSSIONS. 
          I'VE, UH, FANTASIZED ABOUT SOME SORT OF DALLAS SPACE THAT HOUSING THINK TANK, UH, NOT BEING FORMAT OUT THIS, THAT WAS, THAT'S MY THREE. 
          I I DON'T THAT'S ACTUAL REALITY. 
          NO, I THINK THAT'S GONNA HAPPEN. 
          WELL, I THINK IT IS FUNNY, I, AND I WAS WITH, UH, NADINE ASHA AT THE, UH, COMMUNITY FOUNDATION OF TEXAS. 
          I GOT FLEW OUT OUT THERE. 
          I THINK I SAW HER EYES KIND OF FOLD OUT, 50 MILLION. 
          AND I FUND, I WAS ONE OF THE FIRST PROJECTS NADINE FUNDED, WHICH MOVED. 
          I KNOW THAT WE HAD A LONG TIME COLLABORATION, SHE MENTION. 
          YEAH. 
          WHAT'S YOUR RELATIONSHIP WITH, UH, HOUSING AND NEIGHBORHOOD REVITALIZATION? THE CITY? I MEAN, YOU CAN FILE FOR FOIAS ALL YOU NEED TO PROBABLY GET THE DATA YOU NEED, BUT YOU KNOW, WE'RE RELATIVELY INDEPENDENT OF THE CITY OF DALLAS EVEN THOUGH WE'RE ALL NOMINATED BY MEMBERS OF THE COUNCIL AND THE MAYOR. 
          BUT, UH, YOU KNOW, I THINK IT'S VERY IMPORTANT TO HAVE A WORKING RELATIONSHIP WITH THE CITY AND SPECIFICALLY THIS DEPARTMENT. 
          ABSOLUTELY. 
          YOU KNOW, I THINK THERE'S A LOT OF INSIGHTS THAT THEY CAN GAIN AND VALUE AS WELL, RIGHT? YEP. 
          SO DOOR'S ON, I HAVE A MEETING SCHEDULED WITH THOR AND I I NEED TO GET MORE INVOLVED WITH THE CITY. 
          LIKE YEAH, THEY'RE SURE, SURE. 
           SORRY, SPEAKING LIKE SOMEONE'S NOT HERE. 
          I KNOW. 
          UH, YOU KNOW, I, I WANT TO GET, I MEAN, THIS IS, THIS IS A DREAM. 
          LIKE AS A RESEARCHER, I WAS IN THIS SPACE, YOU KNOW, I BEGAN IN THIS SPACE 20 YEARS AGO AND I MADE ALL THE CONNECTIONS. 
          I DID EVERYTHING. 
          AND LIKE, IT JUST HIT DEAD END AND, AND I HAD TO MOVE ON AND I HAD TO HAVE A CAREER MYSELF. 
          I COULDN'T KEEP GETTING THE DOOR SHUT IN MY FACE, SO I MOVED TO OTHER AREAS. 
          UM, THINGS ARE DIFFERENT NOW. 
          IT'S EXCITING. 
          AND, AND DURING THE PANDEMIC, I SHIFTED TO DOING SOME OTHER WORKPLACE ALL HAD THESE SO COMPILATION 2024 B, C OKAY. 
          I THINK DURING THIS VENTURE, I MEAN, WE ARE FUNDING IT, WE ARE, THERE'S OVERSIGHT. 
          UM, I THINK IT'S GONNA BE GOOD THAT SHE'S STILL HAS A LEVEL OF INDEPENDENCE AND IT'S A PERCEIVED INDEPENDENCE FROM THE COMMUNITY THAT IT'S NOT THE HSC BOARD DIRECT. 
          I MEAN, LIKE, SHE'S KIND OF THE COACH AND THE QUARTERBACK OF THIS. 
          I THINK WE CAN, WE WE'RE THE ORGANIZATION THAT CAN KIND OF PRESENT THAT SITUATION, YOU KNOW, STAKE I MEAN THE STAKEHOLDERS WILL BELIEVE. 
          YEAH. 
          AND IT HELPS BUILD OUR CREDIBILITY TOO, RIGHT? 'CAUSE WE'RE GETTING SOMEONE OUT THERE WHO'S OUTSIDE. 
          WELL, LOOK, I, I'M 
          [00:50:01]
PART OF THIS WAS GO AHEAD. 
          I I HAVE SEVERAL QUESTIONS, HOWEVER, UH, I'M NOT SURE WHERE YOU ARE IN YOUR PRESENTATION. 
          I'D LIKE TO BE ABLE TO KIND OF GET THROUGH IT THAT WAY. 
          OKAY. 
          UM, ASK TIME, BUT I DO HAVE A QUESTION. 
          OKAY. 
          YEAH, ABSOLUTELY. 
          LET SLIDES ARE JUST A LITTLE HERE. 
          WHAT I'M GETTING TO TAKE US BACK TO. 
          SO I TOOK US THROUGH YEAR ONE, TWO, AND THEN I JUST SAID THREE PLUS BECAUSE, YOU KNOW, WE AREN'T SURE WHERE WE'RE GONNA BE THERE. 
          UH, FIVE MORE. 
          ALL RIGHT. 
          THERE'S YOUR ONE AGAIN. 
          I JUST WANNA TALK ABOUT WHERE I'M AT THE LISTING SESSIONS AND, AND THIS IS WHERE I, AGAIN, I, I ANTICIPATE ME GETTING LOTS OF FEEDBACK FROM YOU GUYS. 
          SO I HOPE YOU'RE WILLING TO DO THAT OVER THE COURSE OF THIS. 
          AND I HOPE YOU'RE WILLING TO HAVE ME LISTEN TO IT AND NOT GO A HUNDRED PERCENT WITH ALL OF IT, BECAUSE I'M GONNA BALANCE IT WITH THE FEEDBACK I'M HEARING FROM THE COMMUNITY, FROM THE CITY, FROM OTHER PEOPLE. 
          UH, BUT I'LL ALWAYS BE TRANSPARENT. 
          UM, LISTENING SESSIONS, I, MY GOAL IS TO BUILD A BROAD COLLABORATIVE NETWORK AROUND A COMMON RESOURCE OF THE TRUCTURE. 
          SO WHERE, WHERE I'VE HAD SUCCESS IN THE PAST IS YOU NEED EVERYBODY TO CARE ABOUT SOMETHING THAT THEY'RE GOING TO SUPPORT, RIGHT? AND EVERYBODY CARES ABOUT THEIR OWN INTEREST OF COURSE. 
          BUT WHAT DOES THAT COMMON THING? AND SO THIS DECISION SUPPORT TOOL, THIS GEODATABASE THAT'S GONNA POWER THE DECISION SUPPORT TOOL, BUT COULD DO SO MUCH MORE, I'M HOPING THAT IS THE COMMON RESOURCE THAT EVERYBODY'S LIKE, YEAH, THIS COULD HELP, THIS COULD HELP ME IN THIS WAY, THIS COULD HELP ME IN THAT WAY. 
          AND, AND TO BUILD SO THAT THE SUBSTANCE OF RESULTS OUTLAST THE POLITICAL INTEREST OF THE DAY. 
          UM, YOU WANT, ULTIMATELY REASON WE BUILD EVIDENCE OF THAT EVIDENCE IS TRUTH. 
          I KNOW TRUTH IS A LITTLE BIT OF A SHAKY WORLD IN OUR TIMES THESE DAYS, BUT, UM, YOU KNOW, WE WANT SOMETHING THAT WE COBBLE Y'ALL BELIEVE IN, EVEN IF WE DISAGREE ABOUT HOW WE INTERPRET IT. 
          UM, AND WE WANNA BALANCE THE SHORT TERM AND LONG TERM IMPACT POTENTIAL. 
          I THINK THAT'S HUGE IN THE HOUSING SPACE. 
          SO A LOT OF TIMES THERE'S UM, YOU KNOW, YOU CAN DO SOMETHING AND SAY, OH, IT DIDN'T DO ANYTHING BECAUSE YOU KNOW, OR YOU NEED A SHORT TERM GOAL, THAT'S GREAT. 
          YOU KNOW, YOU PUT UP A BUNCH OF UNITS THAT PEOPLE GET HOUSED, BUT THOSE UNITS ARE NOT HIGH QUALITY. 
          SO 50 YEARS FROM NOW, THEY'RE THE PROBLEM THAT THIS KIND OF GROUP DEAL WITH, RIGHT? YOU WANNA BALANCE THOSE TWO. 
          SO THESE ARE LIKE THE PEOPLE THAT I'M MEETING WITH HAVE MET WITH OR HAVE PLANS TO. 
          UM, I WOULD APPRECIATE YOUR HELP, YOUR INPUT, YOU KNOW, SEND ME NOTES AND HELP ME MAKE INTRODUCTIONS AND MAYBE NOT INTRODUCTIONS TOMORROW, BUT OVER THE COURSE OF THE TIME, I'D LIKE TO MEET WITH A LOT OF PEOPLE. 
          UM, I HAVE NOT KNOWN OF ANY COUNCIL MEMBERS. 
          I, I MAY NEED JILL'S HELP. 
          UH, GETTING THOSE INTRODUCTIONS AND HAVING THOSE, I WANNA KNOW WHAT DO YOU CARE ABOUT THIS? YOU, MAYBE YOU DON'T CARE. 
          MAYBE YOU HAVE  THAT ARE OFF THE WALL, BUT IT'S HELPFUL ME TO KNOW WHERE PEOPLE ARE IN THEIR REQUEST. 
          ATION, I THINK THAT'S KEY. 
          CERTAINLY THE CHAIR OF THE VICE CHAIR OF THE HOUSING COMMITTEE AND KARA NOW, OKAY. 
          AND THEN I'LL BE REACHING. 
          IT'S OKAY, YOU KNOW, WE'LL HAVE SOME FOLLOW UP, KIND OF GET THESE THINGS NAILED DOWN AND I CAN START TO MEET WITH FOLKS. 
          OKAY, WE'LL GET DIRECTION, BUT LOOK, THIS IS FOR THEM ALMOST RIGHT? IMPORTANTLY, SO WE GOTTA KNOW WHAT THEIR EXPECTATIONS ARE. 
          SOMETHING LIKE THAT. 
          ABSOLUTELY. 
          UM, THE OTHER THING I'VE BEEN DOING AS I'VE BEEN TALKING AND LISTENING IS I, I, I REALIZE QUICKLY, IT JUST SEEMS TO ME THAT YOU DON'T ALWAYS HAVE WELL DEFINED WHAT PROBLEM, WHAT IT IS WE'RE SOLVING FOR, RIGHT? THERE'S JUST A LOT OF STUFF. 
          SO WHAT I STARTED DOING, UM, THIS STARTED THAT MEETING AND THEN SOME OTHER FOLLOW UP MEETINGS AND HOW COALITION STUFF, AND THEN I STARTED MAKE A LIST OF TERMS THAT I HEAR PEOPLE THROWING AROUND THAT THEY'RE PASSIONATE ABOUT. 
          AND THEN I, I CLASSIFY, SO THIS IS MY, MY MIND MAP RIGHT NOW. 
          IT'S NOT FINAL, IT'S NOT PERFECT, BUT TRYING TO BRING SOME ORDERS TO WHAT I'M THINKING, LIKE, OKAY, WHAT ARE PEOPLE REALLY TRYING TO SOLVE FOR HERE? UM, THOSE BLUE, DARKER BLUE BOXES ACROSS WITH THE BUNCH LINE UNDERNEATH. 
          THESE ARE SORT OF THE PRIMARY OUTCOMES THAT I'VE HEARD PEOPLE TALKING ABOUT. 
          UH, THE TAX SPACE, NEW TIME, AFFORDABILITY, POVERTY CONCENTRATION. 
          NOW INTERESTINGLY, THESE DON'T ALWAYS MOVE THE SAME DIRECTION. 
          YOU HAVE TO FIX ONE AND GET HURT ANOTHER. 
          AND SO, UM, IT'S IMPORTANT FOR US TO RECOGNIZE THAT THESE GUYS, THESE ARE THE THINGS LIKE HEARING THESE AREN'T ALWAYS THERE. 
          UM, THE WAY IN WHICH THESE ARE MOSTLY IMPACTED IS OUR HOUSING MIX AND WHAT TYPE OF HOUSING WE PUT IN AND THE DENSITY OF THAT HOUSING. 
          AND SO THOSE ARE, THOSE ARE THE LIKELIHOODS, THOSE ARE THE PRIMARY WAYS WE IMPACT THESE THINGS SO THEY CAN IMPACT THEM IN DIVERSE WAYS. 
          UM, THEN AT THE VERY BOTTOM WE HAVE KIND OF OUR BIG HOUSING POLICY LEVERS. 
          UM, MISSING MENTAL HOUSING PRODUCTION. 
          I'VE HEARD A LOT ABOUT THAT. 
          AFFORDABLE HOUSING PRODUCTION. 
          THIS BOARD DOES DONATE. 
          UM, THEN YOU HAVE AROUND OTHER CIRCLES ARE ALL DIFFERENT SORTS OF, UM, SQUARES, UH, POLICY LEVERS AS WELL. 
          AND, AND AS I STARTED PUTTING THEM ON HERE AND SAYING WHAT 
          [00:55:01]
IMPACTS FLOOD? UM, YOU SEE WHERE MOST OF THE ACTION POINT OPPORTUNITY NEIGHBORHOODS, THAT'S WHAT YOU SAYING. 
          UM, I KNOW I SPOKE TO YOU LIKE, LIKE I KNOW THE LITERATURE, BUT I DIDN'T CREATE THIS KIND OF SAY OPPORTUNITIES WHERE IT'S WHERE WE NEED TO GO. 
          I THINK CREATED THIS LIKE CATEGORIZING THE THINGS THAT PEOPLE HAVE BEEN SAYING. 
          OKAY. 
          SO, SO THIS IS, UM, I THINK IT, IT'S HELPFUL THE CONVERSATIONS WE'RE HEARING. 
          I ONLY HAD AN OPPORTUNITY TO SAID ONCE IN THE PUBLIC CONVERSATIONS THAT I'VE HEARD, HOWEVER, AND IT WAS NIKKI, SHE MENTIONED IT THERE ONLY BRIEFLY. 
          UH, SO THE OTHER THING TO NOTE HERE, IS THERE A LOT OF OVERTIME PEOPLE BASED NO, NO, NO. 
          LOTS AND LOTS OF PEOPLE BASED POLICIES THAT THIS ORG HAS NOTHING TO DO WITH THAT ARE NECESSARY TO MOVE THE OUTCOMES THAT WE HEAR THAT PEOPLE CARE ABOUT. 
          AND SO I THINK THIS BEGS ALSO WHY WE WANT THIS TO, WE WANNA HAVE A LOT OF LISTENING SESSIONS AND WE WHY YOU WANNA BRING OTHER PEOPLE TO THE TABLE ON THIS? BECAUSE IF LOW INCOME HOUSING IS GOING TO HAVE A POSITIVE IMPACT ON PEOPLE, WE GOTTA HAVE THE RIGHT SERVICE MIX AND AROUND AND COMPLEMENTARY BEYOND. 
          AND SO WE CAN USE THE RESEARCH DATA AND EVIDENCE TO BRING THE RIGHT PLAYERS TO THIS TABLE TO WORK TOGETHER. 
          THAT'S THE VISION. 
          UM, THAT'S THE CHALLENGE ALSO, RIGHT? YEAH. 
          ONE OF MY ADDITIONAL SUGGESTIONS WOULD BE, YOU KNOW, WE'VE GOT A PRETTY ACTIVE, UH, ECO DEV TEAM AND ALSO ECO DEV BOARD AND THEN ALSO A VERY ACTIVE PARK BOARD THAT ARE MAKING BIG INVESTMENTS AROUND THE CITY. 
          YES. 
          I'D LOVE TO SEE HOW WE AS HOUSING CAN INTERFACE WITH THOSE TWO BECAUSE THAT CAN REALLY BEHIND WHAT IT MEANS TO BE AN OPPORTUNITY NEIGHBORHOOD. 
          IF YOU'VE GOT A BRAND NEW PARK, YOU'VE GOT BUSINESSES, YOU'VE GOT COMMERCIAL, YOU'VE GOT RETAIL DEVELOPMENT, OTHER THINGS COMING IN BESIDES JUST HOUSING. 
          YES, ABSOLUTELY A HUNDRED PERCENT. 
          AND I THINK, YOU KNOW, WE'LL SEE, I DON'T EVEN KNOW WHAT I'M GONNA DO WITH THIS FIGURE. 
          THIS IS JUST MY MIND. 
          THAT MAKES SENSE. 
          IT'S CLEARLY ILLUMINATED THAT, THAT YOU GOTTA HAVE OTHER PEOPLE AT THE TABLE. 
          AND IS THIS THE WAY THAT DHSC CAN BRING THOSE OTHER PEOPLE TO THE TABLE IS ONE PIECE OF THAT. 
          I THINK THAT WILL BE HELP. 
          WE'LL NEED TO BRING THOSE COLLABORATORS. 
          UM, THE GEOSPATIAL DATABASE, YOU KNOW, AGAIN, WE'LL SEND THESE OUT. 
          I'D LOVE YOUR BRAINSTORM, BUT YOU KNOW, I'M STARTING AS I TALK TO PEOPLE LIKE, OKAY, WHAT DATA SOURCE DO I KNOW THAT'S OUT THERE THAT CAN HELP BRING LIGHT TO THE THING YOU'RE INTERESTED IN? UM, SO I'M, YOU KNOW, AMASSING A LIST. 
          UM, THE OFFICER AT WAS IS THE BIG ONE. 
          THAT'S RAJ CHETTY'S PROJECT. 
          UH, HE'S COMING TO TOWN I THINK, UH, WAS TELLING ME. 
          SO I DON'T KNOW IF ANYBODY'S INTERESTED. 
          WE DIDN TRY TO SEE. 
          YEAH. 
          BUT THE OPPORTUNITY ATLAS, HE MAPS, UH, THERE'S A RECENT PAPER JUST CAME OUT A MONTH OR SO. 
          I SENT A DATE EARLY ON. 
          HE NAPS EVERY CENSUS TRACT IN THE COUNTRY. 
          HE LOOKS AT CHILDREN BORN IN THE 1980S, WHAT THEIR PARENTS' INCOME WAS, AND THEN WHAT THOSE CHILDREN'S INCOME ENDS UP BEING WHEN THEY REACHED 30 YEARS OLD. 
          AND SO WHAT YOU'RE LOOKING TOWARDS IS ECONOMIC MOBILITY, CHILDREN BORN TO LOW INCOME FAMILIES THAT WERE ABLE TO SURPASS THEIR PARENTS' INCOME. 
          MAYBE YOU GET TO MEDIAN INCOME BY THE TIME THEY WERE THIRTIES. 
          AND SO YOU CAN PULL IT UP, YOU CAN GO TO OPPORTUNITY ATLAS. 
          YOU CAN GOOGLE IT. 
          UM, YOU CAN PULL UP DALLAS, YOU CAN SEE. 
          BUT ONE OF THE THINGS THAT'S ILLUMINATING IS IF YOU LOOK AT THE CITY OF DALLAS, THERE'S NOT, THERE ARE SOME LIGHTER NEIGHBORHOODS. 
          THEY DON'T, IT DOESN'T TRACK WITH POVERTY. 
          I THINK THE PAPER, I'M GONNA FORGET. 
          IT'S LIKE POVERTY AND OPPORTUNITY AT THIS, THEY EXPLAIN ABOUT 20 OR 30% OF EACH OTHER. 
          SO IT'S POVERTY RATED OF THE NEIGHBORHOOD IS NOT DETERMINISTIC OF OPPORTUNITY. 
          NEIGHBORHOODS, AS WAS MENTIONED. 
          UM, BUT IF YOU LOOK IN DALLAS, THE MAIN NEIGHBORHOODS YOU WANNA MOVE KIDS TO OR OUTSIDE THE CITY, WELL IT'S DALLAS. 
          MM-HMM . 
          AND SO, AGAIN, BACK TO THE FIGURE THAT I HAD BEFORE, I, I DIDN'T WHOOP POINT IT OUT, BUT THE SQUARES ARE REGIONAL OUTCOMES. 
          YOU KNOW, WE'VE GOTTA CREATE REGIONAL PARTNERSHIPS TOO. 
          UM, WE, WE CAN'T, IF WE REALLY WANNA MOVE THE NEEDLE AND WE SAY WE WANNA PROVE OUTCOMES FOR OUR, OUR CITIZENS, RIGHT? UH, WE HAVE TO RECOGNIZE THAT IT DOESN'T HAPPEN IN THE VACUUM, JUST WITHIN THE WALLS OF THE CITY OF DALLAS. 
          AND, AND HOW THAT SHAPES HOW, AGAIN, YOU'D HAVE CONVERSATIONS. 
          THAT'S WHY I ONCE HAVE THIS ROBUST FEEDBACK, BECAUSE THESE ARE DIFFICULT THINGS. 
          UM, ANYWAYS, WE'RE GONNA BRING IN LOTS OF DATA JUST GROWING. 
          UM, I APPRECIATE ANY RECOMMENDATIONS AND I'LL BE IN ALL MY CONVERSATIONS BE ASKED BEFORE I PUT ON THAT WITH THE GEO REFERENCING PIECE. 
          UH, USING RGI IS YES. 
          UM, I, I THINK IT'LL BE BUILT. 
          SO THIS IS WHERE WE'RE USING, I I'VE BEEN HAVING CONVERSATIONS. 
          YOU GUYS ARE FUNDING A RESEARCH ASSISTANT. 
          THAT'S A CATCHALL BUCKET. 
          UM, I AM WORKING, WE'RE LOOKING TO HIRE, I I FOUND THAT COLLEAGUE, UM, UH, A POSTDOC THAT IS AT THE INTERSECTION OF ART, GIS AND AI. 
          UM, THEY'RE LOOKING TO BUILD. 
          SO THAT, THAT'S SOMETHING WE'RE EXPLORING. 
          OKAY. 
          AND IN YOUR FIRST TWO YEARS, WE CAN HAVE SOME EXPLORATION THEN WE, YOU KNOW, SO IT'S POSSIBLE THAT THIS TOOL FOR CITY COUNCIL CAN BE, UM, YOU KNOW, A LARGE LANGUAGE MODEL SORT OF INTERFACE. 
          RIGHT. 
          BUT IT'S GROUNDED IN THE DATA THAT WE KNOW. 
          SO IT'S NOT GONNA HALLUCINATE RIGHT. 
          IN WAY. 
          SO I'M WORKING WITH SOME, SOME REALLY TOP EDGE RESEARCHERS AND WE'RE GONNA 
          [01:00:01]
, WE'RE GONNA, I DON'T WANNA PROMISE YET BECAUSE THIS IS NEW TECHNO, YOU KNOW, WE'RE ON THE EDGE. 
          BUT THIS IS WHERE I THINK YOUR REACH INTO THE ACADEMIC, WE'RE GONNA, WE'RE GONNA BRING THOSE MORE STAGE BEST BREAKS, TABLE ONE. 
          AND IT MIGHT WELL BE POSSIBLE NOT IN THE NEXT TWO YEARS. 
          SURE. 
          NEXT YEARS. 
          I, I'M STILL, I'M, I HAVE, HAVE A TON OF QUESTIONS DONE. 
          YOU GUYS GO. 
          I'M WAITING FOR YOU TO, FOR YOU. 
          I'M DONE. 
          I'M DONE. 
          THAT'S IT. 
          ALRIGHT. 
          A FEW THINGS. 
          WELL, THE FIRST IS, I THINK THAT IS, UM, AN EXCELLENT IDEA. 
          YOU THIS STUDY. 
          SO SAY THANK YOU FOR, FOR THAT. 
          UM, I THINK THAT, UH, ALSO IN THAT SAME VEIN, I THINK THAT A STUDY OF SAG OF THIS LIKE, UH, IMPACT, RIGHT? THIS COULD BE A DECISION TREE THAT CAN AFFECT LITERALLY GENERATIONS TO COME. 
          SO I THINK THERE ARE A FEW THINGS THAT I WOULD LIKE TO SEE. 
          UM, ONE IS A LITTLE BIT MORE HEAVY LIFTING IN YEAR IN YEAR ONE. 
          UM, AND I ALSO WANNA BALANCE THAT WITH, 'CAUSE IT'S, RIGHT NOW IT'S, IT'S YOURSELF AS WELL AS A GRAD STUDENT. 
          UH, AND I, AND I, WHEN I SAID THE HEAVY LIFT, I ALSO LOOK AT, HEY, WHAT'S THE BANDWIDTH? SO THIS IS ROUGHLY 15% OF YOUR, LET'S SAY SIX HOURS A WEEK. 
          RIGHT? THAT'S WHAT IT TRANSLATES TO. 
          AND YOU HAVE A GRAD STUDENT. 
          THAT'S A LOT OF LIFT, RIGHT? SO I THINK ABOUT WHEN I HIRE TEAMS TO DO RESEARCH, GENERALLY THAT'S A TEAM THAT DOES, RIGHT? BECAUSE I, I NEED THE INFORMATION AND I, YOU KNOW, I KNOW I NEED IT NOW. 
          NOT, YOU KNOW,  SOON, BUT I ALSO KNOW THAT IT'S ALSO A ONE, TWO PERSON JOB. 
          SO THAT I DO HAVE SOME CONCERNS THERE. 
          MY OTHER AREA OF CONCERN IS, UH, THE FREQUENCY OF PRESENTATIONS, THE REPORTS. 
          UM, ME PERSONALLY, I, I'D LIKE TO HEAR FROM YOU EVERY TIME WE HAVE A MEETING. 
          IF YOU WERE, IF YOU WERE TO MOVE FORWARD WITH THIS STUDY, I WANNA KNOW HOW, HOW IT GOING TALKING TO, I SAY THAT BECAUSE THINGS MOVE SO FAST, EVERYONE HERE IS ALSO WORKING PROFESSIONAL. 
          SO REALLY BY THE TIME THAT, YOU KNOW, WE DO, YOU KNOW, LET'S SAY WE DO HEAR FROM YOU AGAIN, IT, IT'S, IT'S SO FAR PROGRESSED THAT THERE'S NOT MUCH, YOU KNOW, EVERYONE PROBABLY AGREE, RIGHT? UM, WHATEVER DIRECTION IT'S GOING. 
          JUST ON THAT POINT. 
          AND I JUST KIND OF THOUGHT, WE DO HAVE ENGAGEMENT ATTENDING OUR MEETINGS, RIGHT? YEAH. 
          ATTENDING THE, I MEAN, IT ALMOST BE LIKE WE TREASURE YEAH. 
          LIKE I THINK ATTEND, HEAR SOMETHING THE PROGRESS. 
          AND I SAY THAT, THAT'S FINE. 
          YEAH. 
          BUT LIKE, YOU CONTINUE TO HAVE QUESTIONS AND IT'S GONNA JUST GO ON AND ON. 
          WELL, I UNDERSTAND, I MEAN, SOMETHING THAT'S REASONABLE. 
          I SAY THAT BECAUSE I WAS AT MY JOB. 
          YOU COULD EVERY TIME. 
          BUT, BUT, BUT I, BUT I, BUT HEAR ME OUT THOUGH. 
          HEAR ME OUT. 
          WHAT I MEAN BY THAT IS, I'M NOT SAYING IT'LL BE LIKE THIS EVERY TIME, RIGHT? BUT, YOU KNOW, QUICK UPDATE I THINK WOULD BE GOOD. 
          OF COURSE IF SOMEBODY WANTS MORE TIME, MORE ANSWERS FOR ONE IN ONE. 
          I, I SAY THAT BECAUSE I THINK THIS IS AN EXCELLENT IDEA, BUT I ALSO RECOGNIZE WHAT, WHAT THE IMPACT COULD BE, UH, LONG TERM. 
          SO I THINK SERIOUS BUSINESS. 
          SO, YOU KNOW, I, I'M GONNA APPROACH IT THAT WAY. 
          THE OTHER THING I'M CURIOUS ABOUT IS, UH, ME BEING LIKE MOVE TO DALLAS, I LEARNED MORE ABOUT , RIGHT? AND THAT IS, I'M CURIOUS AS TO WHAT THE IMPACT IS BEEN, UH, ON AFFORDABLE HOUSING AND WHAT WOULD IT LOOK LIKE IF IT TRIED TO  BEEN DONE, IF THAT'LL ALSO BE DIRECTED IN STUDY. 
          THAT'S WEIRD QUESTION. 
          NO, I THOUGHT THAT I HAD A ROUND OF QUESTIONS AND NOT TO SEEM LIKE I WAS, YOU KNOW, I VERY AWARE WALTER CASE. 
          UM, I, I DON'T KNOW THAT WE CAN STUDY THE IMPACT OF IT BECAUSE, YOU KNOW, WE CAN'T GO BACK IN TIME. 
          I THINK THAT SHOULD THE SALE, THE DATA AVAILABILITY TO STUDY WHAT HAD HAPPENED. 
          WELL, I THINK I WILL SAY I JUST , I JUST GOT OUT OF THE MEETING WITH TROY STAR, THE DALLAS HOUSE AUTHORITY. 
          I HAD A REALLY, UH, GOOD MEETING WITH THEM. 
          UH, AND MY COUNCILPERSON KATHY STEWART, THAT WAS WITH ME AS WELL. 
          AND I MEAN, IT WAS IN CONFIDENCE AND WE TALKED A LOT. 
          I MEAN, I WOULD JUST SAY THE ONE THING I WILL, IT IMPACTED THE DHA, THE LAW CASE. 
          IT IMPACTED STILL IMPACTS. 
          UH, IT STILL IMPACTS. 
          AND I WOULD SAY WHAT IT DID, IT, IT, IT STIFLED DEVELOPMENT. 
          IT STIFLED A LOT THROUGHOUT OUR HISTORY. 
          SO WHEN I SAY WE HAD A MAGICAL MOMENT IN 2019, 2020 WHEN KYLE HINES, AARON QUINTO GOT ON STAFF, YOU KNOW, AND ACTIVATED THE AGENCY AND PFC, I MEAN, THIS WAS AT  RENAISSANCE. 
          WE JUST, UH, YOU KNOW, WENT THROUGH. 
          SO WALKER CASE IT SORT OF SHUTTERED DOWN THE CITY, YOU KNOW, AND WE'VE HAD IT, IT'S TRUE BEYOND THAT TOO, YOU KNOW. 
          UM, BUT YEAH, THAT'S MY TAKE ON THE FACTS WALKER. 
          HEY, DR. LEONARD. 
          THANK YOU. 
          UM, A COUPLE QUESTIONS. 
          CLEARLY, THE, KINDA THE LONG TERM, THE LONGITUDINAL, I MEAN THE GOAL, THE HOLY GRAIL OF THIS, WHICH OF COURSE IS DEPENDENT ON A LOT OF THINGS GOING RIGHT AS I LOOK THROUGH THE, THE KIND OF THE SCOPE OF WORK AND EVERYTHING. 
          I GUESS, I GUESS MY QUESTION IS JUST WHAT DO 
          [01:05:01]
YOU EXPECT IN TERMS OF, YOU KNOW, I, I SEE THE REPORTS THAT IDENTIFY STRATEGY WHERE, BUT IS THERE ANY KIND OF HYPOTHESIS, SO TO SPEAK, OF, HEY, WE'RE TRYING TO, AT LEAST RIGHT NOW LOOK AT THIS PROBLEM? OR IS THIS 100% SET THIS THING UP FOR THE NEXT 20 YEARS AND HOPE TO CONTINUE TO GROW ON IT AND GET RESULTS IN MORE? YOU SEE WHAT I'M SAYING? YEP. 
          YEP. 
          UM, SO IN TERMS OF MY HYPOTHESIS NOW, UH, YOU KNOW, THE QUESTION, I GUESS HERE'S MY QUESTION. 
          HAVE TO BE DETERMINED WHAT THIS BOARD WANTS ANSWERS TO FIRST. 
          AND SO, UM, I CAN EASILY ENVISION A STUDY, RIGHT? WHERE WE LOOK AT IMPACT OF PROPERTY DEVELOP, WE LOOK AT BOARD AFTER STUDY IMPACT THAT HAS NOT BEEN INCLUDED. 
          BUT I THINK THAT PROJECT WILL GET DONE. 
          AND IF YOU GUYS SCOPE HERE, THEN WE CAN LAYER THAT IN. 
          UH, I TO THE POINT LIKE WE STAFF TO SET THIS UP,  AND I, THE WAY THINGS WORK IN ACADEMIA IS BRING THE DATA. 
          USUALLY YOU HAVE INTERESTED RESEARCHERS THAT COME AND DO THE STUDIES, RIGHT? AND SO WHAT'S YET TO BE SEEN IS WHERE THOSE INTERESTS WILL COME, WHERE PEOPLE WILL WRITE THOSE GRANTS TO WRITE, GET OTHER FOLLOW UP STUDIES USING THESE RESOURCES. 
          SO I THINK THERE'LL BE A LOT OF THAT. 
          BUT I THINK THERE'S ALSO TO SAY, BECAUSE WE LIKE AND IF WE CAN FIT IN WITH THIS WORK FIELD, YOU KNOW, RIGHT. 
          UM, BECAUSE I DUNNO YET HOW HARD IT'S GONNA BE TO CHASE ALL THIS DATA. 
          SURE. 
          I DON'T KNOW. 
          THERE'S JUST A LOT OF QUESTIONS THAT I DON'T KNOW. 
          UM, BUT I CERTAINLY HAVE A TEAM OF EXPERTS THAT ARE IN REAL ESTATE CENTERS ACROSS THE COUNTRY THAT I SAID, HEY, HAVE ALL THE LIVE TECH, THIS, HEY HAVE ALL THE LIVE TECH PROPERTIES WHEN WE NEED OUR NEXT PROJECT, IT PROBABLY SOMEBODY WOULD PICK IT UP AND I CAN PICK IT UP OR IT CAN BE PART OF THIS, YOU KNOW, BUT I DON'T KNOW YET. 
          SURE. 
          YOUR TARGET QUESTIONS ARE, AND I DON'T KNOW THAT YOU GUYS KNOW THAT. 
          LIKE IF YOU REALLY FLESH THAT OUT YET AND WHAT RESOURCES WE'RE GOING TO FIND. 
          YEAH, THERE'S PROBABLY A LOT. 
          WE, WE ALL PROBABLY HAVE OUR OWN, BUT I'LL THROW ONE OUT JUST 'CAUSE YEAH. 
          THESE FOLKS ARE PROBABLY TIRED OF APPEAR NEW HARP ON IT. 
          WHEN WE LOOK AT THE COST BENEFIT ANALYSIS OF THESE DEALS, RIGHT? THERE'S ALWAYS A GAP, RIGHT? BASIC COST MONEY, YOU KNOW,  FROM MY, KIND OF MY , IT'S HARD FOR ME TO JUSTIFY SAYING, HEY, HERE'S A DEAL THAT HAS A NEGATIVE NET PRESENT VALUE OVERALL SOMEHOW THERE ARE, THERE ARE OTHER BENEFITS THAT ARE HARD TO QUANTIFY, RIGHT? AND WITH THIS KIND OF DATA WE'RE TALKING ABOUT, IT'S, YOU KNOW, IT MAY BE ON THE LONGITUDINAL SIDE OF IT. 
          I MAY NEVER SEE THE BIT OF THAT, BUT, UH, BUT JUST, JUST TO PUT IN THE BACK OF YOUR MIND, THAT'S AT LEAST ONE THING THAT I LOVE TO START TO LEARN TO QUANTIFY OR THINK ABOUT. 
          AND WE NEED TO THINK ABOUT ALL THE DIFFERENT ANGLES AND QUANTIFY IT. 
          I MEAN, FOR INSTANCE, WE HAD PAPER WE SHOWED THAT DIDN'T GET PUBLISHED FOR REASONS, BUT WHEN FORECLOSURE CRISIS HAPPENED HERE IN DALLAS, FORECLOSURE IS A BAD THING. 
          RIGHT? IT ALSO OPENED UP PROPERTIES THAT WERE REDUCED PRICES THAT FAMILIES COULD GET INTO IN NEIGHBORHOODS THEY USUALLY COULDN'T ASPIRE TO. 
          AND WE SHOWED THOSE STUDENTS THAT DID BETTER AT SCHOOL AFTER FAMILY. 
          THERE'S ANOTHER PIECE TO THAT'S GONNA REQUIRE COOPERATION WITH DALLAS ISD TO GET THE DATA, WHICH THEY SHUT DOWN. 
          THAT'S WHY OUR PAPER DIDN'T GET PUBLISHED BECAUSE THEY GOT A LAWSUIT STUFF. 
          SURE. 
          AND SO EVERYTHING STOPPED. 
          SO PART OF THIS, I KNOW IT SEEMS SLOW, BUT I ALWAYS TELL WHEN I WORK WITH COMMUNITY PARTNERS, LIKE THE FAMILIES THAT ARE USING YOUR STUFF OR THE, FOR THEIR GENERATION, PROBABLY THEIR IT GENERATION JOURNEY FOR THE LONG TERM. 
          THAT'S WHY WE GOTTA BE IN IT FOR THE LONG TERM. 
          AND I THINK THERE'S WISDOM AND BEING A LITTLE BIT CAREFUL AND A LITTLE BIT SLOW AND LETTING PLAYERS COME TO GAIN THE COLLABORATIONS, COALESCE PEOPLE REALIZE THAT WE CAN WORK TOGETHER. 
          AND IF WE DON'T AGREE ON EVERYTHING, WE HAVE SOME SHARED BENEFIT AND WORKING TOGETHER SO THAT THIS THING CAN BE SOMETHING THAT STANDS THE TEST OF TIME. 
          UM, YEAH. 
          I JUST WANNA SAY SOMETHING TO THE BOARD. 
          I MEAN, WE'RE NOT INTENDING THIS INITIAL DATA GATHERING, BE IT CATCHALL THAT I, I THINK WE COULD GET A BUNCH OF DATA AND THAT'S REALLY GOOD. 
          BUT THEN WE'RE GONNA HAVE TO RELY ON OTHER ADD-ON. 
          PEOPLE SAY ALL, LET'S TAKE THIS CHUNK OF DATA AND LET'S SEE WHAT'S DONE TO THE ECONOMIC DEVELOPMENT IN THIS CERTAIN NEIGHBORHOOD. 
          BUT LET'S SEE WHAT IT DONE TO A CERTAIN DEMOGRAPHIC IN A CERTAIN AREA. 
          YOU KNOW? AND I THINK IT'S, IT'S A GOOD START. 
          UH, BUT AGAIN, I THINK SHE'S RIGHT. 
          WE, WE DON'T KNOW EXACTLY THE ANSWERS WE'RE GONNA FIND YET. 
          UM, BUT I THINK IT'LL KIND OF COALESCE NICE. 
          AND WE SHOULDN'T KNOW THE ANSWERS WE GONNA FIND. 
          I, I'D BE CONCERNED IF WE DID. 
          RIGHT. 
          RIGHT. 
          I HAVE A FEW POINTS, SEE IF I CAN JUMP IN HERE. 
          UM, 
          [01:10:02]
FIRST OF ALL, UH, I DON'T THINK THIS IS ACTUAL PHENOMENON. 
          THIS WHAT'S HAPPENING IN DALLAS HAPPENS IN MAJOR CITIES ALL ACROSS THE US. 
          I'M FROM KANSAS CITY. 
          THE SAME THING HAPPENED THERE. 
          THE, THE CITY, WHATEVER, THEY BUILT A FREEWAY RIGHT THROUGH A PREDOMINANTLY BLACK NEIGHBORHOOD AND GAVE THEM CHEAP, YOU KNOW, CHEAP AMOUNTS FOR, UH, FOR THE HOUSES. 
          SO YOU DISPLACE LIKE THERE AND THERE'S A LINE, A LITERAL LINE CALLED TRUTH. 
          THEY MIGHT STUDIES IT. 
          IT'S A DIVIDING LINE. 
          YOU CAN LITERALLY DRIVE ACROSS AND LIKE GO INTO A TOTALLY DIFFERENT WORLD. 
          AND IT'S THE SAME CITY. 
          SO THIS IS, YOU KNOW, RED, WHITE, THIS IS NOT, YOU KNOW, AN ACCIDENT. 
          THIS IS SYSTEMIC. 
          SO THAT'S WHAT SOME OF THESE THINGS ARE ADDRESSING THOSE ISSUES. 
          AND SO IT'S, IT'S, IT'S NOT LIKE PEOPLE THAT GROW UP IN THESE PLACES ARE SOME STRANGE ALIEN. 
          THIS IS JUST WHAT YOU GROW UP IN. 
          IT'S JUST LIFE. 
          SO, BUT THE OTHER THING IS TOO, THIS, UH, DHFC IS TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME. 
          SO I WOULD BE INTERESTED IN THE DATA TO SEE LOW AND MODERATE. 
          HOW MUCH OF THE POPULATION IS, IS THAT TWO THIRDS OF THE POPULATION OF DALLAS. 
          SO WHY IS IT LIKE WE'RE, IT ALMOST FEELS LIKE WE'RE HAVING TO JUSTIFY HELPING THESE PEOPLE WHEN IT IS. 
          WOULD YOU SAY THAT'S THE MAJORITY OF PEOPLE IN DALLAS? AND SO MAYBE WE SHOULD BE AFRAID. 
          THIS IS JUST MY OWN PERSONAL IDEA AND KIND OF PHILOSOPHY THAT WE PROBABLY SHOULD REPHRASE AFFORDABLE HOUSING. 
          'CAUSE THERE'S A NEGATIVE CONNOTATION TO THAT TERM. 
          AND IF YOU CAN REALLY LOOK AND SEE WHERE THE ECONOMY IS GOING, TALK ABOUT AFFORDABILITY. 
          JUST HOW ABOUT MAYBE THAT'S THE MARKET DEMAND, THAT IS DEMAND OF THE MAJORITY OF THE CITIZENS IN YOUR CITY. 
          WHY ARE WE NOW JUST LIKE WE'RE GIVING A HANDOUT, BUT THIS IS JUST THE DEMAND OF THE, WELL, IT'S BASICALLY SAYING THAT'S THE NEED, BUT THE MARKET MARKET PRIVATE MARKETS CAN'T SOLVE FOR THAT. 
          RIGHT? RIGHT. 
          THEY'RE ASKING TO SUB SUBSIDIZE, BUT YET WE GIVE IT THIS CONNOTATION OF LITECH OR AFFORDABLE, HOW, YOU KNOW, YOU'RE JUST SAYING LIKE WE, RIGHT. 
          I THINK PEOPLE JUST GETTING YOU THERE. 
          YEAH. 
          I THINK IT, LIKE I SAID, JUST LIKE I SAY, OBVIOUSLY YOU MAY NOT BE ABLE TO ADDRESS THIS, BUT I JUST AS A BOARD PROBABLY HAVE TO CHANGE THAT BECAUSE I THINK YOU HERE, AFFORDABLE HOUSING, THEY AUTOMATE THINK, OH, SOME YOUNG SINGLE MOM WITH SOME KIDS, THESE ARE COLLEGE STUDENTS. 
          HEY, I HAVE A SCHOOL HOME THAT'S BEEN, I DON'T KNOW WHAT I'M GONNA DO WITH BASKETBALL . 
          BUT, YOU KNOW, UH, OR I DON'T KNOW, I COULD PROBABLY FIT INTO THIS LOAD OR I DON'T KNOW WHAT LOAD OR MODERATE IT'S SUPPOSED TO BE, BUT I THINK THAT'S EVERYDAY PEOPLE JUST OUT THERE. 
          SO IT'S, IT'S NOT LIKE THESE ARE STRANGE PEOPLE THAT, YOU KNOW, UH, AND MY PARENTS ARE ACTUALLY DOING BETTER JUST BECAUSE OF THE NATURE OF HOW THINGS ARE. 
          THIS IS A TOTALLY DIFFERENT GENERATION WHAT WE'RE FACED. 
          SO I THINK THERE'S A LOT OF OTHER FACTORS THAT COMES INTO IT. 
          SO THIS KIND OF LOOKING AT PEOPLE GREW UP IN THIS AS SOME STRANGE PHENOMENON. 
          I DON'T, I DON'T KNOW IF THAT'S A GOOD FOCUS, BUT THOSE ARE JUST MY, UH, FEW CENTS ON THAT. 
          BUT JUST GOING BACK ALSO WITH, THEY WERE SAYING THE CONCENTRATION OF POVERTY. 
          SO THE SAYING LOAD AMONG PEOPLE ARE IN POVERTY. 
          I DON'T KNOW. 
          UH, SO LIKE I SAID, IF WE MAYBE CAN CHANGE THE PHRASE OF WE'RE DOING NO, WE'RE JUST MEETING THE NEED OF THE MAJORITY OF PEOPLE IN THE CITY. 
          WHO, WHO, WHAT. 
          AND IF YOU'RE SAYING TWO THIRDS OF THE PEOPLE IN POVERTY, THE CITY IS THAT, I DON'T KNOW IF THAT'S, I KNOW WHAT THAT DATA IS. 
          POVERTY FEDERAL THRESHOLD ARE. 
          RIGHT. 
          AND WE KNOW THAT'S DIFFERENT THAN LLMI DOESN'T HAVE A STRICT THRESHOLD GENERALLY DEFINED BY THE PROGRAM. 
          IT'S SORT OF A CATCH PHRASE. 
          SAY MIDDLE INCOME. 
          OKAY. 
          AND SO YOU'RE RIGHT, IT'S DISTRIBUTION. 
          AND THAT'S WHY I'M LIKE, MAYBE WE SHOULD REPHRASE THE PRESENTATION OF THAT. 
          I THINK IT'S HARD TO CUT IN WHEN YOU HAVE A SECOND. 
          UH, DIRECTOR MOORE HAVE COMMENT. 
          YEAH, GO AHEAD, RYAN. 
          OH, THANKS. 
          UH, IT, IT GOES WITHOUT SAYING, I'M THRILLED ABOUT THIS. 
          AND SO I'M NOT GONNA SPEND TIME ABOUT ALL THE THINGS I'M EXCITED ABOUT BECAUSE I THINK THAT THIS IS AN INCREDIBLE OPPORTUNITY. 
          THE ONLY THING THAT I HOPE WE CAN FIT INTO THE SCOPE, SINCE WE'RE RETAINING THIS AND USING THIS AS KIND OF A DEFENSE AND JUSTIFICATION OF OUR MISSION AND THE COST BENEFITS THAT, UM, HAVE BEEN TALKED ABOUT IS A COMPARATIVE ANALYSIS WITH US AND OTHER SIMILAR FINANCING ENTITIES ACROSS THE COUNTRY TO MAKE SURE THAT, YOU KNOW, WE'RE MAXIMIZING, YOU KNOW, THE MOST CREATIVE WAYS OF DEPLOYING OUR CAPITAL AND BUILDING THE INSTITUTIONAL CAPACITY THAT A LOT OF LARGER CITIES HAVE DONE AS WELL. 
          SO I JUST HOPE THAT WE CAN FIT THAT IN SOMEWHERE. 
          I KNOW THAT THIS IS ALL BEING WORKED UP, UH, YOU KNOW, BIG PICTURE. 
          SO, UH, IT'S SOMETHING I WANNA SEE. 
          YEAH, THAT WAS KIND OF GOING THROUGH MY MIND A LITTLE BIT WHILE YOU'RE TALKING, UH, JUST KIND OF, THIS IS FOR DALLAS, RIGHT? WE'RE THE CITY OF DALLAS, HSC. 
          THIS IS FOR OUR CITY COUNCIL. 
          BUT THIS IS A BIG THING, JUST LIKE WHAT HAPPENS IF PLANO OR MESQUITE OR NEIGHBORING CITIES OR FOREST AND HEY, WE WANNA BE PART OF THIS 
          [01:15:01]
THING. 
          WELL, WELL, IT'S NOT WHETHER WE SAY  IF THAT WERE TO HAPPEN, BUT DOES THAT HELP? WELL, I THINK SO. 
          I THINK YOU WANT THEM TO BE, THAT'S MY GUT. 
          AND I'VE ALREADY, I'VE ALREADY SAID THIS, HAVEN'T SAID THIS TO YOU GUYS, BUT WHILE WE'RE BUILDING THAT Q DATABASE DATA DOESN'T USUALLY COME JUST FOR THE CITY OF DALLAS. 
          IT COMES FOR, YOU KNOW, COUNTIES. 
          SO WE SHOULD AT LEAST DEFINE A STUDY AREA WHERE THE DATA IS, IS JUST AS EASY TO GET. 
          LIKE LITERALLY YOU DOWNLOAD THE DATA TO THE WHOLE STATE OF TEXAS, WHY THROW IT AWAY? RIGHT? WHY NOT JUST RETAIN IT AND WE GET TO BUILD IT IN, BUT THEN THE QUESTION IS GOING TO BE OKAY, ONCE WE'VE SEEN, WE CAN DO, ONCE WE'VE MET, STARTED MEETING YOUR NEEDS. 
          WHAT ONE DO WITH HOLLY COUNTY? I MEAN, LIKE I SAID, THE OPPORTUNITY NEIGHBORHOODS, A LOT OF THE ONES ARE ON THE PERIPHERY, RIGHT? I MEAN, WHEN WE WANT, AND THEN I THINK THE NORTH TEXAS COUNCIL OF GOVERNMENTS IS, IS SOMEPLACE TO START. 
          BUT YOU KNOW, AGAIN, A LITTLE DOWN THE ROAD. 
          BUT I DO THINK IT'S WORTH THINKING ABOUT. 
          WE'RE GONNA GET THE DATA, WE'RE GONNA MAKE SURE WE GET THE DATA THAT WE NEED, BUT IF IT COMES WITH OTHER AREAS AROUND IT, I'M NOT GONNA THROW IT AWAY. 
          THAT WOULD BE FOOLISH. 
          AND IT'LL BE THERE. 
          I THINK RESEARCHERS WILL USE IT. 
          THE QUESTION IS THEN WHAT IS THE APPETITE AUDIENCE FOR THAT EXTERNALLY? THEY MAY NOT HAVE DATA NORTH TEXAS COUNCIL OF GOVERNMENTS USE TO PROVIDE REALLY, THEY USED TO PROVIDE A LOT OF THIS TO YOUR DATABASE STUFF. 
          THEY USED TO HAVE YOU DOWNLOADED, UM, FREELY. 
          THEY, THEY KIND OF QUIT DOING SOME OF THAT. 
          SO THERE WILL BE EXTRA. 
          THIS IS THE QUESTION OF HOW WE SHARE, WHAT'S THE APPETITE FOR IT. 
          I WANTED TO, TO GO BACK TO, UH, SCOPE AND ALSO LIKE THE, THE TEAM. 
          SO, YOU KNOW, CONSIST OF YOURSELF AND A GRAD STUDENT, UH, THERE, GRAD STUDENT GOING FOR THE DOCTORATE. 
          SO I I, WELL, I'M, I'M PROBABLY, SO WE PUT THE BUDGET IN ANY CP PATH, RIGHT? UM, I'VE BEEN TRYING TO BE STRATEGIC IN GETTING THE VISITING FOR A BUCK. 
          WE'RE LIKELY BE PAYING PART OF THE TIME POST POST DOC SYSTEM ALREADY HAS A PHD. 
          UM, THAT'LL AMP UP OUR GEOSPATIAL AND AI CAPACITY. 
          UM, JUST EXPLORE, UM, PRETTY MUCH FREE OF CHARGE, RIGHT? WE'RE NOT PAYING FOR THAT EXTRA, BUT THAT'S WHO THERE. 
          AND THEN WE'RE GONNA GET LIKE A MASTER'S LEVEL STUDENT THAT WILL HELP. 
          I WANT A STUDENT ATTENDANCE AT ALL THESE MEETINGS. 
          I WANT TO HEAR WHAT'S BEING DISCUSSED. 
          I CAN'T BE EVERYWHERE. 
          IT'S A GREAT OPPORTUNITY FOR OUR STUDENTS. 
          NOT ONLY THAT, YOU'RE TRAINING SOMEBODY THAT'S GONNA GO OFF WITH A CAREER THAT'S GONNA HAVE ALL THIS. 
          SO IT'S GOT, THAT'S AN EXTRA EXTERNALITY, RIGHT? UM, THAT'S THE TIME. 
          I HAVE COLLEAGUES OF COURSE, THAT I SUPPORT. 
          I DON'T THINK YOU GUYS WANNA PUT THEM ON THE BUDGET, BUT FOR INSTANCE, I SUBMITTED AN ABSTRACT, PRESENTED THE AMERICAN PUBLIC HEALTH ASSOCIATED MEETING IN SAN ANTONIO IN THE FALL. 
          THAT'S EARLY DESCRIPTION OF THIS DECISION TOOL. 
          AND I'VE PUT TWO OF MY COLLEAGUES THAT I'VE WORKED WITH A LONG TIME. 
          ONE SPACIAL SCIENTIST FORMER STUDENT, BUT SHE'S LED SHE DID ALL THE ING FOR THE ACCOUNTANT HERE, UM, AT UC SOUTHWESTERN. 
          SHE'S ON IT. 
          ANOTHER, MY COLLABORATOR THAT WON THE COMMUNITY BASED PROJECT. 
          SHE RUNS COMMUNITY OUTREACH FOR THE CANCER CENTER. 
          SHE'S ON IT. 
          THEY'RE NOT GIVING MUCH OF THEIR TIME, BUT THEY'RE HELPING, THEY'VE ALREADY PROVIDED USEFUL COMMENTS OF WHAT THAT GEO DATABASE MIGHT LOOK LIKE. 
          YOU KNOW, HELPING, THIS IS WHAT WE DO, RIGHT AS TEAMS, AS THIS GROWS, I, I'M CONNECTING WITH PEOPLE BECAUSE WE WANT THE TEAM TO GROW SO THAT THEY SEE THIS AS, IF THIS GROWS IN THE RIGHT WAY AND IT'S USEFUL, THEY'LL START WRITING, SEEKING THEIR OWN FUNDING. 
          OR WE'LL HAVE A POOL OF EXPERTS THAT ARE ALREADY FAMILIAR WITH THE PROJECT. 
          UH, BUT YEAH, THE TEAM IS LARGELY ME. 
          I CREATES A LIFT, BUT I TRY TO ECONOMIZE AND MAKE THIS, YEAH, WE CAN MOVE THINGS FORWARD AT THE RIGHT PACE, AT THE RIGHT SCALE, UM, WITHOUT ASKING FOR TOO MUCH INVESTMENT UNTIL IT'S PROVEN. 
          OKAY. 
          AND IN TERMS OF THE, THE WORKFLOW, SO HOW DO YOU ENVISION YOUR ROLE AS PART OF THE TEAM? SO ADVISORY, YOU BEING THE MOST SENIOR PERSON OR THE DISTRICT TASK BE TO GRAD STUDENTS OR HOW I LIKE TO MANAGE? I, I LIKE TO GIVE PEOPLE AUTONOMY AS MUCH AS I CAN GIVE THEM, BUT I ALSO WANNA MAKE SURE THINGS ARE DONE RIGHT. 
          SO I STAND THE WEEDS. 
          I MEET WITH MY TEAM. 
          I HAVE, I HAVE THREE OR FOUR TEAM MEMBERS. 
          I'M ALREADY DIRECTLY ON OTHER PROJECTS. 
          I MEET WITH THEM WEEKLY. 
          USUALLY SOME, YOU KNOW, SOMETIMES BIWEEKLY. 
          THEY HAVE PROVEN THAT THEY CAN DO THAT. 
          UM, BUT I, I LIKE TO BE IN THE WEEDS. 
          I AM NOT AS GOOD AS I USED TO BE AT CODING AND DOING SOME OF THAT STUFF. 
          AND YOU, LIKE, THIS MORNING I'M TRYING TO WORK ON PROJECTS AND MAPPING SOME SEMINAR THAT I HAVEN'T DONE IN 10 YEARS. 
          I'M A LITTLE SLOWER. 
          SO I WILL REPLY PROBABLY ON THESE YOUNGER FOLKS, NEWER AROUND THE SCHOOL TO DO SOME OF THE TECHNICAL STUFF. 
          BUT I, I'LL BE IN THE LEAGUE AND I, LIKE, I STAY CLOSER TO LEADS THAN THOSE PEOPLE I KNOW IN MY ROLE. 
          UM, JUST 'CAUSE I WANNA MAKE SURE I CARE. 
          YOU HAVE NOTICED I LEFT IN ENGINEERING. 
          I DIDN'T START MAKING WHAT I MADE AS A 20-YEAR-OLD IN REAL DOLLARS UNTIL 
          [01:20:01]
THREE YEARS AGO. 
          UM, I LEFT A GOOD CAREER TO TRY TO SOLVE PROBLEMS FOR EASY. 
          AND I SEE THIS OPPORTUNITY, I REALIZE I'M GRATEFUL THAT YOU GUYS ARE PAYING FOR SOME OF MY SALARY. 
          I WORK AT A STATE INSTITUTION. 
          I COULDN'T BE HERE IF THAT WEREN'T HAPPENING. 
          UM, BUT AT LEAST NOT REGULARLY. 
          BUT I, I, I'M GRATEFUL FOR THAT MAKES IT POSSIBLE FOR ME TO DO THAT. 
          BUT HONESTLY, I'M IN THIS 'CAUSE I WANT THIS TO BE GOOD. 
          AND THE SECOND I, I TOLD AARON THIS, I WAS LIKE, THE SECOND YOU GUYS START DIRECTING ME, TELLING ME THIS IS THE ANSWER I WANT. 
          THAT'S, THAT'LL BE WHEN I GIVE A LOT OF PUSHBACK. 
          BECAUSE I WANT THIS TO BE GOOD, THIS TO BE AFTER THE TRUTH AND TO TELL THE STORY TO EMPOWER THE GOOD THAT I THINK YOU GUYS WANT. 
          THAT'S WHY. 
          ABSOLUTELY. 
          UM, SO I THINK I JUST WANNA SAY LIKE ON WHOLE, I'M GONNA SKIP OVER LIKE, THIS IS A GREAT PROJECT. 
          WE ALL AGREE, SKIP OVER. 
          OKAY. 
          SO WE, I THINK AS A CITY, UM, AND YOU KNOW, DAVID HAS CERTAIN ME SAY THIS, I JUST WANNA SAY IT OUT LOUD IN POST FORM. 
          WE TAKE A, UH, SPEND A LOT OF MONEY ON STUDIES THAT DON'T DO ANYTHING. 
          AND I WILL BE THE STRONGEST ADVOCATE FOR MAKING SURE THE MONEY THAT WE HAVE IN OUR ACCOUNT GOES TO ACTUALLY BUILDING HOUSING. 
          AND IF WE'RE TAKING MONEY OUT OF THAT, WHICH SHOULD BE OUR PRIMARY FOCUS TO DO A STUDY, THEN IT HAS TO BE SOMETHING THAT IS, UH, DATA DRIVEN THAT IS SPECIFIC AND THAT IS USABLE BY THE STAKEHOLDERS IN OUR CITY. 
          AND SO I DO AGREE THAT I WANNA HEAR REGULAR UPDATES BECAUSE, UM, THERE YOU AND, YOU KNOW, ONE OR TWO OTHER PEOPLE DOING THIS WORK, THERE'S A LOT OF INFORMATION AND CONNECTIONS AROUND THIS, UH, TABLE. 
          I'M A A DATA NERD MYSELF. 
          I'VE READ A LOT OF STUDIES. 
          I MEAN, YOU KNOW, SO I THINK THERE ARE THINGS THAT WE SHOULD BUILD UPON TO MAKE SURE THAT WE'RE GOING IN THE RIGHT DIRECTION. 
          I THINK AT THIS POINT, AND I KNOW IT'S 'CAUSE WE DON'T KNOW WHAT THE DATA SOURCES WILL BE, WE DON'T KNOW WHERE THE DATA WILL LEAD YOU. 
          AND I, I WANT IT TO BE OBJECTIVE AND INDEPENDENT, BUT I WANNA MAKE SURE THAT WE'RE NOT JUST TAKING $200,000 AND AT THE END OF THIS, WE'RE GONNA HAVE A NICE NARRATIVE ABOUT HOW AFFORDABLE HOUSING IS NEEDED IN THE CITY. 
          WE ALL KNOW THAT WE NEED SOMETHING THAT IS GOING TO HELP US MAKE DECISIONS AS TO WHERE DO WE PUT OUR INVESTMENT IN THIS, UH, IN THIS CITY. 
          WHERE DO WE BUILD THINGS? AND UH, YOU KNOW, I, ANYWAY, SO I JUST, I WANNA MAKE SURE THAT THAT DIALOGUE IS CONSISTENT AND I WANNA MAKE SURE THE DIRECTION IS CLEAR THAT THIS CANNOT BE A FEEL GOOD NARRATIVE, HIGH LEVEL TOOLKIT AT THE END. 
          IT NEEDS TO BE SOMETHING THAT IS ACTUAL CONCRETE AND CAN PROVIDE A DECISION MAKING TOOLS FOR, FOR OUR CITY COUNCIL. 
          I, SOMEONE SHARED THE SAME SENTIMENT AS WELL, A LITTLE BIT MORE BLUNT. 
          A LOT OF THE TIMES IT'S A WHOLE LOT OF SOMETHING FOR A WHOLE LOT OF NOTHING. 
          AND IT'S JUST, UH, YEAH, I MEAN, AND COUNCIL PEOPLE KIND OF GET A STUDY, STUDY, STUDY STUDY AND, AND THAT THAT IS THE DANGER ZONE THAT WE OPERATE AND MAKE TO THIS PROJECT. 
          SO YEAH, THAT'S, I FOUND THAT FEEDBACK NOT JUST FROM DIRECTOR JEAN, BUT FROM OTHERS, YOU KNOW. 
          SO I I AGREE A HUNDRED PERCENT. 
          TAKE IT SERIOUSLY. 
          I I THINK ANYTIME YOU BEGIN A RESEARCH STUDY, WHICH IS WHY I'M CAREFUL. 
          SO I COULD COME UP HERE AND I'VE GIVEN YOU A SONG AND DANCE BY DECISION SUPPORT TOOL THAT'S GONNA SOLVE EVERY PROBLEM AND PROVIDE YOU EVERY INSTAGRAM IT'S GONNA USE AI. 
          I'VE ALREADY HAD THAT CONVERSATION. 
          I SEE IT. 
          I COULD, I COULD , BUT I DON'T WANNA DO THAT. 
          I DON'T KNOW IF THAT'S GONNA BE POSSIBLE. 
          I THINK YOU DO ALWAYS RUN A RISK WITH RESEARCH AND IT IS A LONG GAME. 
          YOU RUN A RISK THAT IT MAY TEAR OUT. 
          THIS IS WHY I SAID TWO YEARS, MORE THAN TWO YEARS FOR THIS INITIAL ENGAGEMENT. 
          I THINK YOU GUYS ARE GONNA HAVE A DECISION POINT TO CONTINUE. 
          AND I THINK IF YOU, YOU KNOW, THE CONTRACT'S WRITTEN, YOU COULD IN THIS THINK IT WILL , YOU KNOW, BUT I, I DO THINK THERE'S AN INVESTMENT NECESSARY. 
          I THINK IT'S WORTH THE RISK BECAUSE I THINK, GOSH, WHERE WE ARE WHEN WE ARE TODAY, IT'S BUSINESS INVESTMENT DOES NOT MADE FOR. 
          AND, BUT I ALSO THINK IT'S IMPORTANT THAT WE DON'T FOOL OURSELVES. 
          I I THINK I TOLD THIS TO DAVID THAT LY SAID WEREN'T DECISION, LIKE DON'T HAVE A MAGIC LOOP. 
          LIKE WE SHOULDN'T FOOL OURSELVES. 
          WE DON'T ALWAYS KNOW WHAT THE RIGHT DECISIONS ARE IN THIS SPACE. 
          AND SO WHAT I'D LIKE TO SEE US DEVELOP OVER THIS TWO YEARS IS OF FIGURING OUT WHAT'S THE RIGHT SCALE OF INVESTMENT TO DO QUALITY, ONGOING QUALITY,  DECISION MAKING PROCESS. 
          AND I AM FULLY AWARE THAT THAT SCALE COULD BE MUCH LESS THAN WHAT YOU'RE DOING IN THIS TWO YEARS. 
          SO THIS IS A TWO YEAR INVESTMENT OF FIGURING THAT OUT. 
          OR IT MIGHT BE MORE, AND THERE MIGHT BE MORE PARTNERS, OR IT MIGHT BE TRANSITION TO SOMEBODY ELSE OR, SO I, I AGREE WITH YOU, IT'S A RISK , EXCUSE ME, I I ONLY SLEEP AT NIGHT. 
          LIKE, I WANNA MAKE SURE THAT YOU'RE, YOU'RE PAYING, GETTING WHAT YOU PAID FOR AND THAT THIS MONEY COULD BE HELPING REAL PEOPLE. 
          AND SO, UM, I TAKE THAT SERIOUSLY. 
          IT IS A RISK, BUT I WANT, 
          [01:25:01]
I PUT IN MY CONTRACT, I ATTEND THESE MEETINGS, I WANTED THE OPPORTUNITY TO SHARE FEEDBACK EVERY MEETING, BUT I ALSO KNOW YOU GUYS HAVE REAL WORK TO DO AT THESE MEETINGS. 
          SO I DIDN'T WANNA MONOPOLIZE YOUR TIME. 
          I MEAN, THAT'S ALSO A TRADE OFF, RIGHT? WAS TO ME, TALKING TO SOMETIMES PEOPLE GO BOARD, YOU'VE GOT REAL DEALS TO YOU. 
          SO I WELCOME THE OPPORTUNITY TO GET FEEDBACK. 
          I WELCOME INPUT, I TAKE SERIOUSLY THE INVESTMENT. 
          UM, YOU KNOW, I, I DO A LOT OF WORK. 
          I'VE DONE SEVERAL MILLION DOLLAR GRANTS TO SOUTH DALLAS, SOUTH CROSSROAD. 
          SO THE RED THIRD CENTER AND THE FOOD PHARMACY THAT'S THERE, THAT WAS OUR, OUR HIRING FOR ABOUT SIX, SEVEN YEARS TO BRING THAT TO FRUITION. 
          YOU KNOW, THOSE ARE THE REAL OUTCOMES, BUT THEY'RE SLOW AND UNCERTAIN. 
          AND YOU KNOW, WE BUILT, THE FIRST THING THEY GAINED, FUNDED WITH THE FROM CHAIN TOWN WAS THE PROJECT, THE CROSSROAD THAT CHANGED THEIR SERVICES, TAKING OVER THEIR FOOD, FOOD BANK SPACE. 
          ALL SHE WAS IMPRESSED WITH WHERE WE WORK. 
          IT'S 10 YEARS KNOW RESEARCH, SLOW, GRATEFUL YOU GUYS ARE DOING THIS. 
          SCALE FEEDBACK. 
          AND ONE MINOR POINT, I THINK THIS WAS IMPLIED IN WHAT YOU SAID, BUT I I, IT WASN'T SAID EXPLICITLY. 
          AND I THINK IN THE STAKEHOLDERS WE TALKED TO THE, WHETHER IT'S THIS ADVISORY BOARD, I HAVE SOME THOUGHTS ON THAT LATER. 
          BUT, UM, WHATEVER SHAPE THAT IS, WE'VE TALKED ABOUT CITY COUNCIL, WE'VE TALKED ABOUT OUR BOARD MEMBERS, WE'VE TALKED ABOUT ALL THESE GREAT ORGANIZATIONS AND WE HAVEN'T TALKED ABOUT THE RESIDENTS WHO LIVE IN OUR DEVELOPMENTS. 
          AND THEY ABSOLUTELY NEED A VOICE IN THIS PROJECT. 
          AND OBVIOUSLY THAT REQUIRES MAKING SURE THAT THEY'RE, YOU KNOW, THEY'RE WILLING. 
          BUT OKAY, IF I MISSED THAT, I JUST WANNA MAKE SURE, LIKE, I DON'T KNOW HOW TO BE, BUT THEY NEED TO BE A INTEGRAL PART OF THIS. 
          THE PEOPLE THAT WE'RE HELPING, WE DON'T NEED TO JUST BE TALKING DOWN TO THEM, BUT WHAT DO THEY SEE IN THEIR COMMUNITIES? YEAH. 
          AND THAT'S WHAT I WANT ON THE ADVICE REPORT IS JUST FIGURING OUT HOW THAT IS. 
          AND AND AGAIN, OFTENTIMES WE PAY THE COMMUNITY MEMBERS FOR TIME. 
          AND SO WE NEED JUST FIGURE OUT HOW THAT, I DIDN'T, I DIDN'T PUT THAT THAT IN BECAUSE WE HAVE WHO THE RIGHT COMMUNITY MEMBERS ARE. 
          YOU KNOW, IS IT WORTH THEIR TIME? IS IT A PASTOR? IS IT, YOU KNOW, ABSOLUTE NEEDS BE THERE. 
          SURE. 
           INTERFAITH COULD HELP THAT PASTOR AND A LOT OF MASTERS. 
          ANYTHING ELSE? THANK YOU. 
          THANK YOU. 
          I, I REALLY THANK YOU GUYS. 
          MY QUESTION, HAVE WE SEEN THE CONTRACT YET? I TALKED TO MY CONTRACT PERSON, SHE SAID NEXT WEEK. 
          OKAY. 
          THEY'RE EXTREMELY SLOW. 
          THAT'S WHAT WE GATHERED. 
          APOLOGIZE FOR THAT. 
          BUT THANK YOU FOR STARTING THE BEST TIME THIS STUDY. 
          OF COURSE. 
          LIKE I SAID, I DID THIS FOR INFORMED, UM, I APPRECIATE YOU ENABLING IT. 
          OKAY, WONDERFUL. 
          UH, UM, QUESTIONS, COMMENTS. 
          SO SHOULD WE, I MEAN THAT AGENDA ITEM, TALKING ABOUT APPROVING ENGAGEMENT, BUT I'M RELUCTANT TO APPROVE ANYTHING UNTIL WE SEE A DRAFT OF THE, THE CONTRACT. 
          I, I LIKE THE DIRECTION I'M IN FAVOR MOVING FORWARD, BUT I DON'T WANNA APPROVE ANYTHING UNTIL WE SEE THE CONTRACT FROM SECOND. 
          WELL, WE DIDN'T, IS THAT OUR RESPONSIBILITY TO APPROVE THAT CONTRACT IS IN OUR GM RESPONSIBILITY. 
          THE WAY THAT THE RESOLUTION WORD, IT KIND OF GIVES DAVID THE ABILITY TO DIRECTLY SIGN A CONTRACT IF IT'S IN IT. 
          I THINK THAT'S OKAY WITH IT. 
          YOU KNOW, SOME H IT'S A JUDGMENT CALL. 
          I THINK BETWEEN HC AND HSES. 
          UH, SOMETIMES, YOU KNOW, WE APPROVE LIKE FINAL DOCUMENTS, UH, FOR WHATEVER. 
          I DON'T READ THOSE. 
          I HARDLY READ THOSE DOCUMENTS 'CAUSE I'M NOT PROFESSIONAL. 
          I DON'T KNOW WHAT'S IN THERE. 
          I LOOK FOR MAYBE BASIC DEAL POINTS, MAKE SURE THEY'RE IN THERE. 
          SOME HSC JUST GIVE, UH, RON STATE JUST GIVES THEIR EXECUTIVE DIRECTOR OR WHOEVER, YOU KNOW, THE AUTHORITY, THEY JUST APPROVE THE MOU AND THEY JUST GIVE STAFF AND LAWYERS THE APPROVAL TO KIND OF WORK OUT THE STUFF. 
          THIS, YOU KNOW, I ACTUALLY TO MAKE THINGS SWIFT OR, YOU KNOW, TOLD RYAN, HEY RYAN, WHY DON'T WE THINK ABOUT DOING THAT? AND RYAN KIND OF PUSHED BACK TO A GOOD LAWYER THING. 
          LOOK, IT'S JUST GOOD HYGIENE FOR DEALS TO, YOU KNOW, HAVE THAT BOARD APPROVAL. 
          I, I GOT IT. 
          I THINK FOR AN ENGAGEMENT LIKE THIS, WHICH IS NOT ONE OF OUR PROJECTS, IT'S NOT, YOU KNOW, A HUNDRED MILLION DOLLAR DEVELOPMENT. 
          IT'S A TWO YEAR ENGAGEMENT. 
          YOU KNOW, RYAN'S ON IT. 
          I THINK I'M COMFORTABLE IF YOU'RE ALL COMFORTABLE, JUST WE'VE PUT THE SCOPE IN FRONT OF YOU. 
          WE'VE GOT THE ECONOMICS IN FRONT OF YOU. 
          I DON'T THINK THE ENGAGEMENT'S GONNA BE A HEAVY B LIFT FOR OUR ATTORNEYS AS WELL. 
          SO THAT'S WHY WE BROUGHT . 
          AT THE END OF THE DAY, WE'RE TALKING ABOUT LESS THAN ONE UNIT, CORRECT? YES. 
          OKAY. 
          SO I, YOUR POINT IS WELL TAKEN, RIGHT? WE WANNA DIVERT AWAY FROM OUR MISSION, BUT, WELL, AND I'LL SAY THIS, UH, DIRECT YOU ON POLICY AND 
          [01:30:01]
STRATEGY. 
          SO THE DEAL TERMS THAT WE COULD WITHDRAW FROM THE CONTRACT, IF, YOU KNOW, WE'RE ING THE WORK. 
          LIKE I, THERE ARE DEAL TERMS THAT I DON'T SEE IN THE, OUR, OUR SCOPE LISTED HERE. 
          NOT, I DON'T NEED THEM MINUTIA, BUT THOSE ARE THINGS THAT I THINK WE SHOULD KNOW BEFORE WE WELL, HOW ABOUT CAN WE DO THIS IN THE SUBCOMMITTEE? JUST REVIEW THE CONTRACT AND HAVE PART OF THE COMMUNICATION LOOP? IS THAT, THAT'S, UH, YOU'RE ON THAT COMMITTEE AS WELL. 
          ARE YOU? OKAY? THAT'S LIKE HAVING A WAY TO GET OUT IN CASE, LIKE I SAID, WE SEE SOME TIME PERIOD DEATHS. 
          NOT THE ONLY WAY WE LIKE, PART, PART OF THE REASON WE PUT IT THIS WAY IS WE ALSO WANNA GET SOME SEMBLANCE IF WE CAN A DECISION TOOL FOR, UH, YOU KNOW, COUNCIL, WE CAN VOTE WHEN EVERYONE CAN VOTE THEY WANT. 
          I'M JUST SAYING THAT'S MY PREFERENCE. 
          I WOULD LIKE TO UNDERSTAND THE DEAL TERMS, WHETHER IT MORE OF A DEAL MEMO OR SUB CONTRACT BEFORE I APPROVE IT. 
          UM, AND, AND THAT'S, I'M ONLY ONE MEMBER OF THIS BOARD, BUT WE CAN MODIFY THE MOTION APPROVAL PENDING. 
          YEAH. 
          THE FINAL, THE FINAL APPROVAL CONTRACTOR. 
          CAN THE, CAN THE, CAN THE BOARD GIVE THAT SUBCOMMITTEE RIGHT? TO APPROVE? I DON'T, I DON'T THINK IT'S A RIGHT TO APPROVE. 
          IT'S JUST A REVIEW. 
          JUST A REVIEW, RIGHT. 
          NOT AN ADDITIONAL APPROVAL. 
          LET'S DO IT THAT WAY. 
          YOU WANNA MAKE THAT MOTION? I'LL MOTION AS OFFENDED. 
          NO, I'M NOT, YEAH, I'M NOT MESSING UP . 
          SO I WAS THINKING ABOUT THAT AND I THINK THAT, UM, CAN MOVE ME OVER THERE. 
          YOU WANT, WE, WELL, I'M NOT, I DON'T WANNA GO ON THESE COMMITTEES, MAN. 
          I MEAN, IT'S, YOU ALL MADE MY CALL. 
          I THINK MY CONCERNS ARE, ARE THE SAME TERMS. I ALSO THINK ABOUT, LIKE I KNOW WHENEVER YOU'RE DOING RESEARCH STUDY, I'M, I'M DOING RIGHT, RIGHT NOW, RIGHT? NATIONALLY, YOU GET EDUCATION, RIGHT? I KNOW THAT ONE OF THE HARD PARTS ABOUT IT IS YOU RESEARCH ACTUALLY STAY ON TASK. 
          YOU'RE TRYING BECAUSE PEOPLE OWN UP TO SO MANY THE THINGS YOU WANNA LEARN ALSO KNOW THAT, UM, EVEN THOUGH IT IS A SMALL COST, RIGHT? RELATIVE TO GRAND SCHEME OF THINGS, HOW THESE THINGS CAN GROW. 
          AND RIGHT NOW IT IS ONLY TWO PEOPLE. 
          SO I'M NOT GONNA BE SURPRISED IF, YOU KNOW, COME BACK WHEN WE'RE LOOKING AT, YOU KNOW, PUTTING MORE MONEY INTO THIS THING BECAUSE IT'S, IT'S A LOT OF GROUND WITH IT. 
          LIKE, I'M LIKE, BLESS YOU FOR HAVING TO DO THIS WITH SUCH A SMALL STAFF, RIGHT? SO THAT'S WHAT SOMETHING I WANNA BE, BE MINDFUL OF. 
          UH, AND ALSO IN TERMS OF, YOU KNOW, LOOKING AT SOME OF THE CERTAIN THINGS THAT ARE, BUT WITHIN THE, SO PRESUMABLY THE MORE DOLLARS THEN WE WOULD'VE TO APPROVE THIS. 
          WELL, YEAH, NO, NO, NO. 
          THE MORE DOLLARS, I MEAN THIS, THAT WAS PART OF THE DOCUMENTS AND AS, AS SHE MENTIONED BEFORE, THERE ARE OTHER PARTNERS OR INDIVIDUALS WHO'VE SHOWN INTEREST. 
          AND SO HE, HE MENTIONED THE NAME OF THE FIRST I'VE HAD THE CONVERSATION WITH, UM, AS SHE'S JACKSON THAT IS WANTS TO DO SOMETHING, IF YOU WILL. 
          AND SO I DON'T THINK THAT THERE'S ANY LACK OF RESOURCES AND I DON'T KNOW THAT WE'LL NEED TO NECESSARILY CARRY ALL THE WATER IF IT DOES GROW, IF YOU WILL. 
          AND SO FROM A RESOURCE PERSPECTIVE, I DON'T KNOW THAT THAT SHOULD BE A CONCERN. 
          WELL, IT'S NOT NECESSARILY A CONCERN OF RESOURCES BEING THERE. 
          THAT'S, I WORK FOR  COMPANY, LIKE WE HAVE RESOURCES, RIGHT? RIGHT. 
          BUT IT IS ONE BEING MAKE SURE YOU GET STEWARD RESOURCE. 
          UM, THE SECOND THING IS YOU ALREADY COVERED IS MAKING SURE THAT, OKAY, WELL IF THERE IS COST, YOU KNOW, WHO'S GONNA, I'M NOT SAYING THAT LIKE THESE ARE, ARE LIKE LAGS OR IT'S JUST NOT FOR, BUT IT'S JUST THINGS THAT I THINK ARE IMPORTANT TO BE MINDFUL OF, UH, YOU KNOW, WHEN DOING SOMETHING LIKE THIS. 
          BUT YEAH, I'M, I GET THAT. 
          I KNOW THAT THAT RESOURCES ARE, ARE PLENTY, BUT STILL IT'S LESS ON THE RESOURCES AND IT'S MORE ABOUT THE IMPACT THAT SOMETHING LIKE THIS HAS ON THE FUTURE, RIGHT? WE TALKING ABOUT A DECISION MAKING TOOL, RIGHT? SO YOU WANNA MAKE SURE THAT, YOU KNOW, EVERYTHING IS, IS STRUCTURED IN A WAY THAT, UH, YOU HAVE THE BEST POSSIBLE OUTCOME. 
          I WOULD SAY RIGHT NOW WE DON'T SEE THE PLAYING FIELD WHERE THIS IS GONNA ONLY, WE'RE TRYING TO GET ON THE PLANE, RIGHT? AND SO TO THAT WE HAVE TO MOVE FORWARD AND THAT'S, I THINK, I THINK THAT'S FUNDAMENTALLY WHAT WE HAVE TO PULL THE TRIGGER ON. 
          SO, UNDERSTOOD. 
          I'D SAY LOOK, THE POLICY AND STRATEGY SUBCOMMITTEE IS GONNA WANNA, HAS GO HAVE PROBABLY MORE DAY TO DAY, MAYBE WEEK TO WEEK OVERSIGHT OF THIS PROCESS. 
          THEN MAYBE THE FIRST STEP IS JUST KIND OF MANAGING THIS CONTRACT GROUP. 
          THE BOARD IS COMFORTABLE THEN THAT'S, YOU KNOW, SMALL CONTENTION. 
          THAT COMMITTEE TO MAKE SURE THEY'RE COMFORTABLE WITH THE CONTRACT PUSHED US THROUGH. 
          THAT WAS THE MOTION THAT  YEAH, I MOTION TO APPROVE THE 24 MONTH ENGAGEMENT PENDING, PRODUCED BY THE STRATEGY. 
          OKAY. 
          SECOND BY VICE PRESIDENT ALLEN. 
          JACKIE, DO YOU MIND? YEAH. 
          UH, VICE PRESIDENT SEAN ALLEN, DIRECTOR WAN DIRECTOR SHALANDA OLA APPROVED. 
          [01:35:02]
LET'S SEE, DIRECTOR PATTY COLLINS. 
          LET'S SEE IF SHE'S ON PATTY. 
          I THINK YOU'RE MUTED. 
          YOU'RE STILL ON. 
          SHE IS NOT. 
          UM, SEE DIRECTOR KEVIN PENSON, APPROVED DIRECTOR. 
          LESLIE, PRESIDENT DAVID ELLIS PER DIRECTOR. 
          OLIVER ROBINSON PER DIRECTOR. 
          RYAN MOORE. 
          APPROVE SECRETARY TONY PAGE. 
          I THINK HE MAY HAVE DROPPED OFF. 
          UM, HE WILL ONLY BE HERE FOR A LITTLE BIT. 
          AND DIRECTOR SEAN ZA PASSES. 
          OH, THANK YOU. 
          THANK YOU DR. LEONARD. 
          ALRIGHT, , WHAT'S THIS? SEVEN. 
          OKAY, I HAVE SEVEN REVIEW AND DISCUSSION. 
          THE CORPORATIONS PROPOSED PATHWAY TO HOME OWNERSHIP PROGRAM. 
          GENERAL MANAGER AT QUINTO. 
          UM, SO THIS ISN'T A YES OR NO VOTE, IT'S JUST KIND OF A, UH, A FRAMEWORK FROM WHAT WE'VE BEEN THINKING ABOUT. 
          OBVIOUSLY THERE'S BEEN A LOT OF CONVERSATIONS ON WHAT TYPES OF HOUSING WE PROVIDE AND HOW, AND WHAT ELSE ARE WE DO. 
          WE'RE JUST TRYING TO THINK WHAT MORE CAN WE DO CURRENTLY SUPPORT SINGLE FAMILY HOUSING. 
          SO, YOU KNOW, I KIND OF THOUGHT OF THIS FRAMEWORK. 
          I THOUGHT IT WAS AN EASY WAY TO JUST CODIFY OUR INTENTION FOR ANYONE WHO IS LIVING IN OUR PROJECT, IN OUR OUR PROPERTIES. 
          HOW CAN WE MOVE THEM FORWARD IN HOME OWNERSHIP IS A GOAL OF THEIRS. 
          HOW CAN WE FACILITATE THAT? RIGHT? I MEAN, WE CAN'T GIVE 'EM A JOB. 
          WE CAN'T JUST HAVE 'EM MONEY, BUT HOW CAN WE BE WISELY SHEPHERD THEM THROUGH AND, AND TRY TO COACH 'EM UP TO OWN THE HOME? SO, UH, BASICALLY FOR WHAT, WHAT THIS IS BEING PROPOSED IS ANYONE WHO LIVES IN OUR PROPERTIES, THEY CAN SIGN UP FOR THIS PROGRAM. 
          AND SO THERE'S, THERE'S SEVERAL PARTS. 
          CREDIT COUNSELING, YOU HAVE TO MAKE ALL OF YOUR RENT PAYMENTS ON TIME. 
          AND AT THE END OF THAT, PUT IN KIND OF PRESERVE FOR YOU FOR EACH YEAR, THESE SUCCESSFULLY DO THIS A PORTION MONEY FOR A DOWN PAYMENT THAT WILL BE RELEASED TO YOU IF YOU COMPLETE THE PURCHASE OF THEM, RIGHT? SO YEAR ONE, IF YOU, IF YOU MAKE ALL YOUR RENT PAYMENTS ON TIME AND YOU GO CREDIT COUNSELING AND SHOW IMPROVEMENT, YOU'RE ELIGIBLE FOR $5,000. 
          IF YOU COMPLETE TWO YEARS OF THAT IN A YEAR, TWO, YOU GET 10,000 THAT IF YOU DO THREE YEARS, YOU GET ANOTHER 15,000 BUCKS FOR A TOTAL OF $30,000 IF YOU DO ALL THREE. 
          RIGHT? THAT COULD BE A VERY MEANINGFUL IMPACT PURCHASE. 
          VERY SIMPLE. 
          UH, I THINK, IS THAT A GRANT, A LOAN SORT OF LEAN? HOW DO WE, YOU KNOW, IT'S, THAT'S KIND OF UP TO YOU ALL. 
          I I THINK I I WOULD CALL IT A FORGIVABLE GRANT. 
          UM, I'VE SEEN THIS DONE IN OTHER, OTHER ARENA. 
          I MEAN, GRANT IS OUTRIGHT SO THAT'D BE THE FORGIVABLE. 
          FORGIVABLE, SORRY. 
          UM, AND I WOULD ATTACH LIKE A FIVE YEAR KIND OF MINIMUM. 
          YOU HAVE THE SAME HOUSE AND HAVE YOU COMPLETE THOSE FIVE YEARS BACK, BUT GET INTO THE HOME AND JUST SELL IT IMMEDIATELY. 
          OBVIOUSLY THAT'S NOT WHAT WE'RE TRYING RIGHT. 
          GIVE PEOPLE 30,000. 
          RIGHT. 
          SO TO PURCHASE THE HOUSE BEFORE YOU CAN GET, I THINK IT WOULD BE RELEASED AT THE SAME TIME, RIGHT? LIKE WE'RE WE'RE CLOSING NO, I'M JUST SAYING YOUR, YOUR STATEMENT HERE SAYS FUNDS WON'T BE DISPERSED, RIGHT? I MEAN, AGAIN, IT'S NOT QUANTIFY THAT'S A GREAT FUNDS WILL BE DISPERSED. 
          YEAH. 
          LIKE BUY AND THEN YEAH. 
          I MEAN, AGAIN, ASSISTANCE. 
          YEAH. 
          MORE FUNDING SOURCE. 
          WELL, WE PROBABLY HAVE TO PROVIDE SOME FOR  FUNDS UPFRONT TO HELP THEM QUALIFY BY, YOU KNOW, FOR THEIR DOWN PAYMENT. 
          FOR THE, FOR THE PURCHASE. 
          FOR THE PURCHASE, RIGHT. 
          AGAIN, YOU KNOW, DRIVE, UH, YOU GUYS TAKE THIS. 
          HOW, SO I GOT A FEW QUESTIONS. 
          LET'S SAY I'VE LIVED IN OUR, ONE OF OUR PROPERTIES FOR FOUR YEARS ALREADY AND THEN LET'S TRY, RIGHT? IS THIS RETROACTIVE HOW WE HANDLE THAT? AND THEN THE OTHER PART OF IT IS FROM A DATA PERSPECTIVE, HOW WE TRACK THIS. 
          WILL WE ABSOLUTELY KNOW THAT THESE INDIVIDUALS HAVE MET THE CRITERIA? AND THEN DO WE RESERVE 
          [01:40:01]
FOR THEM HOW WE ACCOUNT FOR WHATEVER THAT'S GONNA BE? THAT'S THIS CONVERSATION. 
          IF WE HAVE, MAKE IT HARD TO BE REAL DRY, I THINK DEPENDING ON WHO SIGNS UP, RIGHT? HOW MANY RIGHT PERSON JUST TO GO AND TRACK ALL OF THIS. 
          UH, BUT OBVIOUSLY NOT A, NOT A HUGE  PART TIME. 
          MAYBE SOMETHING, BUT YEAH, WE HAVE SEVERAL THOUSAND UNITS. 
          SO HOW DO WE EFFECTIVELY NOT NOTIFY ALL OF OUR TENANTS ABOUT THIS PROGRAM? THAT'S, THAT'S ANOTHER, WE HAVE A DATABASE. 
          S WE DON'T HAVE DATABASE. 
          OH, HE'S WORKING ON IT. 
          HE'S WORKING ON IT WORKING. 
          I'M SURE THERE'S SOME PRIVACY ISSUES. 
          THE  IS THE DATABASE NOW THAT THE DATABASE, IT ATION PROPERTY MANAGEMENT KEEPS THE REP, RIGHT? SO WE, WE WOULD JUST HAVE TO DISSEMINATE THIS PROGRAM, DO PROPERTY MANAGEMENT THAT THAT TAKES SOME TIME, OBVIOUSLY. 
          BUT THE GOAL IS STILL THERE. 
          I THINK WE COULD DO IT. 
          UM, WE, WE HAVE SOME FUNDS. 
          IT WOULDN'T MIGHT, IT WOULDN'T BE LIKE WE'RE GETTING OUT $10 MILLION NEXT YEAR. 
          YOU KNOW, THERE'S, THERE'S SOME MILESTONES I THINK WE WANT PEOPLE TO HIT, UH, JUST SO THAT WE'RE NOT THROWING MONEY AT A PROBLEM. 
          YEAH. 
          WE DON'T GET ACTORS WHO SPECIFICALLY ENTER THE PROGRAM AND GET, WE, WE, NOT THAT I THINK THAT PEOPLE DO THAT IN GENERAL, BUT THERE'S ALWAYS SOME, THERE'S, THERE'S OPPORTUNITY FOR PRODUCT, ANY SORT OF PROGRAM, RIGHT? SO WE WANNA MINIMIZE THAT. 
          THE, THE 30,000 COMMUNITY TOTAL. 
          IF YOU THINK ABOUT AN INDIVIDUAL PURCHASING A HOUSE IN DALLAS, YOU THINK ABOUT ONE OF OUR RESIDENTS TRANSITIONING TO A HOUSE IN DALLAS. 
          DO WE KNOW WHAT THAT AVERAGE PURCHASE PRICE IS AND WHAT THE $30,000 WOULD BE AS IT RELATES TO THE PERCENTAGE OF PURCHASE? YOU KNOW, I THINK IN DALLAS, I THINK MEDIAN HOME PRICE IS THE 400 HUNDRED YOU LOOKING AT. 
          BUT WOULD IT BE RESTRICTED ONLY TO THE CITY OF DALLAS? SI DON'T WANT THAT. 
          LIMIT SUPPLIES. 
          YEAH. 
          I I THINK IT BE THE METRO, UH, MAYBE THE METRO, BUT I, I DON'T WANT OUR TAX. 
          YEAH, WE DON'T WANT SUPPORT PURCHASES OUTSIDE OF MAYBE ISSUES WITH IN OUR BYLAWS. 
          YOU KNOW, IT MIGHT BE STAFF ALSO, WHICH LOOKS, THE PROGRAM IS A LADY THAT CAME, THERE'S A GROUP THAT PRESENTED, HAVE A PROGRAM LIKE THIS AT ONE POINT IN TIME. 
          I'M CRAZY. 
          A GROUP THAT PRESENTED TO US THAT THEY WERE WORKING TO HELP INDIVIDUALS WHO TRANSITION HOUSING. 
          SO THOSE, THOSE ARE FOLKS WHO ARE TRANSITIONING FROM PRISON OR SOMEWHERE ELSE INTO THE BRICK. 
          THIS IS KIND OF THE NATURAL PROGRESSION OF THAT IDEA, RIGHT? WE WANT SOUP TO NUTS. 
          YOU KNOW, EVERYBODY, YOU KNOW, IT, IT'S ASSUMED THAT IF YOU'RE RENTING AN A, AN AFFORDABLE OR REFRIGERATE, EVEN FROM US, OBVIOUSLY YOU'RE WORKING ON YOUR FINANCES, RIGHT? THINGS ARE NOT GOING SUPER GREAT AT IT. 
          BUT IF YOU DO HAVE QUALIFY TIME, AND HOPEFULLY YOU GET THAT NEEDED RAPIDLY, HOPEFULLY YOU CAN START SAVING A LITTLE BIT. 
          HOPEFULLY YOUR CREDIT WILL GO UP AS YOU CONTINUE TO MAKE SMART FINANCIAL DECISIONS. 
          AND HOPEFULLY IF THIS IS A GOAL HOMEOWNER SHIFT AND BE ABLE TO THEN REACH AND, UH, THAT'S SOMETHING THAT WE'VE SEEN AND HAS BEEN ABLE TO PROVIDE, PROVIDE GENERATIONAL WEALTH OPPORTUNITY TO DO SO. 
          AND SEAN, UH, VICTOR AND JAMES FROM LG HOPE HAD A PROGRAM, PROGRAM OWNERSHIP THAT WAS PRETTY ROBUST. 
          THE, UH, WHAT'S THE OTHER PROGRAM THAT WE CURRENTLY FUND FOR THE, HOW WE RENEW IT EVERY YEAR? PAYMENT ASSISTANCE? YEAH, IT'S, IT'S A LITTLE DIFFERENT. 
          THOSE FUNDS ARE BASED ON, UH, ON CAP FOR THE STATE. 
          OKAY. 
          SO T-D-H-G-A OPERATES THAT DRUG ALL IN INSTALL OKAY. 
          PROCESS. 
          OKAY. 
          THAT'S A  BASICALLY KIND OF GIVE IT BACK, ALLOCATE TO US FOR, BECAUSE THEY CAN DEPLOY MORE EFFICIENTLY. 
          SO THIS WOULD BE OUR , I ASSUME WE WOULDN'T WANT INDIVIDUALS TO STACK IN, RIGHT? I MEAN, WHAT ARE THE RISKS, RIGHT? IF, IF YOU'VE SHOWN THAT YOU CAN QUALIFY FOR A LOAN, RIGHT? YOUR DOWN PAYMENTS REALLY IS KIND OF UP TO 
          [01:45:01]
YOU AS LONG AS IT'S ALLOWABLE. 
          BUT THE ONLY THING BEING, IF YOU'RE GONNA GET ASSISTANCE, IT CAN BE ACTUALLY GETTING MORE ASSISTANCE TO PEOPLE. 
          THAT'S, THAT'S WHAT I THOUGHT. 
          YOU KNOW, $30,000, YOU KNOW, START A HOME. 
          IF YOU ASSUME, YOU KNOW, 300,000, 3, 7, 5, 10% PROBABLY, YOU KNOW, THAT'S A PRETTY GOOD CHUNK FOR NON SYSTEMS, RIGHT? SO WHAT, WHAT DO YOU ROLL DOWN ON A SIGN HOME LOAN, RIGHT? WELL IF YOU THINK MOST OF THESE INDIVIDUALS MIGHT QUALIFY FOR LOANS THAT THEY REALLY HAVE TO EVEN RENT 10%. 
          SO THEY CAN ALSO HELP BRIDGE THAT GAP IF THEY CAN'T QUALIFY. 
          CORRECT. 
          10%. 
          THAT'S SOMETHING MY BROUGHT MY FIRST PERCENT. 
          SO WHAT WERE MY, MY BARRIERS IS REALLY TOUGH PAYMENT. 
          YOU HAVE A JOB AND YOU CREDIT DECISIONS KNOW YOU CAN QUALIFY, BUT REALLY, LIKE I HAVE 10 OR 20 OR 30,000 TO PAY FOR THAT HOME TO REDUCE THE PMI, WHATEVER THE CONVERSE OF THAT IS. 
          MAYBE YOU CAN QUALIFY, BUT YOUR PAYMENTS GO UP AND YOU MAKE, YOU KNOW, MAYBE THERE'S A 5% OR 3% DOWN PAYMENT, BUT THAT MEANS YOU HAVE A HIGHER PAYMENTS ON THE BACKEND, RIGHT? THAT CREATES ADDITIONAL BURDEN. 
          RIGHT. 
          GO AHEAD, . 
          UM, I THINK THIS IS AN AMAZING PROGRAM. 
          I WAS SUPER EXCITED TO SEE IT ON THE AGENDA. 
          UH, I THINK THAT WE MIGHT NEED SOME FINE TUNING ON THE, THE HOW AND THE WHAT, BUT, UM, IT SOUNDS LIKE THIS WAS YOUR IDEA. 
          SO THANK YOU ERIN FOR BRINGING THIS TO US. 
          AND THIS IS TO ME EXACTLY WHAT ALL OF THE MONEY THAT IS SITTING IN A BANK ACCOUNT AND GETTING IT TO PEOPLE THAT CAN THINK CAN HELP. 
          UM, I WOULD, I JUST, BECAUSE I DON'T KNOW, MATH IS NOT MY, UH, YOU KNOW, STRONG SUIT. 
          AND SO I DO WANNA LIKE UNDERSTAND A LITTLE BIT ABOUT IF, DO WE HAVE A CAP ON HOW, YOU KNOW, HOW MANY FUNDS ARE PUT OVER THIS? LIKE I KNOW HOW MUCH MONEY WE HAVE, BUT LIKE HOW MANY PEOPLE COULD APPLY TO THIS AND WHERE DO YOU KNOW? SO I DON'T KNOW, MAYBE YOU THOUGHT THROUGH THAT AND YOU SOME LINE I PUT IN HERE. 
          WE'VE THAT 200 APPLICANTS A YEAR. 
          OKAY. 
          I THINK THAT, AND IT'S PROBABLY A GOOD TEST CASE TO SEE. 
          OKAY. 
          AND WE KEEP TRACK OF THE MORE DEMANDS. 
          YEAH. 
          IS THERE SUFFICIENT DEMAND? MAYBE WE ONLY GET 10 SI DUNNO. 
          BUT, UM, 205,000, THAT'S A MILLION DOLLARS PLUS ADMINISTRATION FEES. 
          THANK YOU. 
          THAT'S THAT NEEDED. 
          SORRY, 30. 
          SO 6 MILLION AND THE 30,000, IS THAT GOING THROUGH YEAR? IT JUST WASN'T, WAS IT OUT SIX OR IS THAT HUSBAND AND WIFE? UM, I WOULD SAY IT'S ONE PER HOUSEHOLD. 
          PER HOUSEHOLD. 
          YEAH. 
          SO LIKE IF YOUR HUSBAND AND WIFE LIVE IN ONE OF OUR UNITS, THAT'S YOUR, YOUR JOINT APPLICANT, RIGHT. 
          GOTCHA. 
          AND I'D LIKE, SO I KNOW, UH, IT'S A COUPLE THINGS ON THE CITY OF DALLAS', UH, FIRST TIME HOME BUYER ASSISTANCE PROGRAM. 
          I'M NOT WELL VERSED IN IT, SO I, I DON'T WANNA SPEAK OUTTA TURN, BUT MY UNDERSTANDING HISTORICALLY IS IT'S BEEN A LITTLE UNDERUSED AND I THINK ONE OF THE ISSUES THAT, UH, RESIDENTS FACE IS IT TAKES, UH, YOU KNOW, IF YOU'RE TRYING TO CLOSE SOMETHING IN 30 DAYS, NO, NO, NO. 
          I'D LOVE OUR LIAISON. 
          MR. ERICKSON WHO'S SITTING IN THE BACK PROBABLY KNOWS MORE ABOUT THIS PROGRAM THAN I DO, BUT, UM, SOMETIMES IT'S HARD TO, TO GET THAT CAT, YOU KNOW, WHATEVER TO THE UNDERWRITING. 
          YOU KNOW, SOMEONE'S APPLYING FOR A LOAN AND THEY'RE LIKE, I ONLY HAVE 30 DAYS TO LIVE ON THIS HOUSE AND TAKES THE CITY 60 DAYS TO PROVE THEM. 
          OR I'D LIKE TO MAKE SURE WE'RE REALLY THOUGHTFUL ON HOW WE CAN SET IT UP SO THAT WAY PEOPLE CAN TAKE ADVANTAGE OF IT. 
          UM, AND, AND MAYBE CONSULT WITH THE CITY TO SEE ARE THERE THINGS IN THEIR PROGRAM THAT WE CAN LEARN FROM TO MAKE SURE THAT WE'RE HANDLING IT AND THE BEST WAY TO REALLY GET FUNDS OUT. 
          AND THE OTHER POINT I WOULD SAY IS, UH, I'D LIKE TO SEE MORE ABOUT THE CREDIT COUNSELING. 
          LIKE I KNOW, I THINK TO QUALIFY FOR THAT PROGRAM, YOU HAVE TO DO THIS EIGHT HOUR PROGRAM THROUGH, AND THAT COULD BE MIXING PROGRAMS, BUT AN AN EIGHT HOUR COURSE. 
          I THINK HABITAT OFFERS ONE A BUILDERS COPE OFFERS ONE, BUT IT'S NOT JUST CREDIT COUNSELING. 
          IT'S, UH, FINANCIAL EDUCATION, BUDGETING, LIKE A, A LITTLE BIT MORE WELL-ROUNDED. 
          THAT'S, I DON'T FINANCIAL LITERACY, I WOULDN'T WANNA SEE IT RETROACTIVE. 
          I WANT PEOPLE TO APPLY FOR THE PROGRAM. 
          AND THEN LET'S REALLY PUT SOME MEAT INTO NOT JUST LIVING IN OUR HOUSE, BUT, UM, TOOLS AND PROGRAMS THAT WE CAN, UM, YOU KNOW, HAVE THEM PARTICIPATE IN TO HELP, UM, HELP THEM THRIVE AND SUCCEED INTO HOME OWNERSHIP IF THAT'S THEIR GOAL. 
          BUT MR. ERICKSON, THANK YOU SO MUCH FOR BEING HERE. 
          HI, ERICSON, DIRECTOR OF OFFICE OF HOUSING COMMUNITY EMPOWERMENT. 
          UH, A COUPLE THINGS. 
          UM, ONE, OUR PROGRAM IS CALLED THE DALLAS HOME BUYER ASSISTANCE PROGRAM. 
          IT'S NOT FOR FIRST TIME HOME BUYERS FOR PEOPLE WHO WANNA BUY, UH, A HOUSE IN THE CITY OF DALLAS. 
          WE 
          [01:50:01]
HAVE THREE PROGRAMS. THERE'S A TRADITIONAL PROGRAM FUNDED BY HUD. 
          IT GOES UP TO $50,000 IN DOWN PAYMENT ASSISTANCE. 
          WE SEE ON AVERAGE AROUND $35,000 A GAP FROM OWNERS NEED RIGHT NOW GIVEN CURRENT HOME SALES PRICES AND INTEREST RATES. 
          SO YOU'RE 30,000 OVER THREE YEARS IS PRETTY MUCH IN LINE WITH THAT. 
          THE CITY DALLAS REQUIRES A SECOND LEAD POSITION 'CAUSE WE DO LEAN THESE HOMES TO ENSURE THE AFFORDABILITY PERIOD. 
          SO IF YOU'RE LOOKING AT STACKING, YOU'LL WANNA CONSIDER YOUR LEAD TERMS. YOU ALSO WANNA CONSIDER YOUR UNDERWRITING, UH, STANDARDS, THEIR FRONT END AND BACKEND RATIOS OF WHAT THEY NEED TO QUALIFY FOR THEIR LOAN. 
          I'D ENCOURAGE YOU TO JUST TAKE A LOOK AT OUR PROGRAM STATEMENTS, IF YOU AGREE, REQUIRE SOME COMMON LANGUAGE AND ALLOW US FOR JUST EASIER, UH, TRANSITION FLOW. 
          THE PROGRAM HAS NOT UNDERUTILIZED. 
          IN FACT, WE COMMIT AND SPEND ALL OF OUR MONEY DEDICATED TO THE PROGRAM YEARLY AND HAVE, UH, HUNDREDS MORE APPLICANTS WHO CAN TO BUY HOMES. 
          THERE'S A SUPPLY ISSUE OF HOMES THAT PEOPLE WANNA BUY AND WHERE THEY WANNA BUY IN THE CITY. 
          FORTUNATELY, A LOT OF OUR DEVELOPMENT PROJECTS FOR SINGLE FAMILY HOME OWNERSHIP ARE COMING ONLINE THIS YEAR AND NEXT YEAR. 
          AND SO THERE'S GONNA BE, UH, EXTRA SUPPLY, UM, AND NOT ENOUGH FUNDS TO, UM, PROVIDE DOWN PAYMENT ASSISTANCE. 
          SO THIS PROGRAM WILL HELP SUPPORT THAT. 
          WE'RE OUTSOURCING THE PROGRAM TO BCL OF TEXAS. 
          THEY SHOULD BE STANDING UP AND RECEIVING APPLICATIONS AND EVERYTHING WITHIN LIKE THE NEXT MONTH OR SO. 
          UH, SO I HIGHLY ENCOURAGE, UM,  TO WORK WITH ECL TEXAS FOR, UH, PARTNERSHIPS. 
          UM, WE'RE ALSO WORKING ON OUR FINANCIAL EMPOWERMENT CENTER PROVIDING SOME MORE HOLISTIC UNDERSTANDING OF FINANCIAL EMPOWERMENT WITH RESIDENTS IN ADDITION TO JUST HOME OWNERSHIP COUNCIL. 
          SO A LOT OF OPPORTUNITIES TO CONNECT. 
          JUST WANTED TO SHARE A COUPLE THINGS THAT HAVE THIS, UH, SUPPORTS THE, THE NUMBERS THAT HOME OWNERSHIP. 
          THANK YOU. 
          THANK YOU FOR CORRECTING MY MISSTATEMENTS THERE. 
          I SO HAPPY YOU WERE HERE TO TO, BECAUSE I DID THINK THERE WERE SOME SYNERGIES OF WHERE WE CAN LEARN FROM PROGRAMS THAT WE HAVE IN PLACE IN THE CITY AND, AND MAKE SURE WE'RE, WE'RE DOING THIS CORRECTLY. 
          YOU DO YOU KNOW WHAT THE AVERAGE PURCHASE PRICE FEE IS? UM, NO, BUT WE CAP IT AT, UM, DEPENDING ON THE PROGRAM, AT A CERTAIN PERCENTAGE OF HOME VALUE LIMITED EACH YEAR, WE WANNA ENSURE THAT HOME VALUE LIMITS ARE SET BY HUD EVERY YEAR. 
          THAT TELLS US WHAT AN 80% FAMILY OR 60% FAMILY CAN AFFORD IN DALLAS WITH THEIR INCOME BACK GOING OVER THE 30% LIMIT. 
          UM, SO WE PUT, UM, A CAP ON THAT DEPENDING ON THE PROGRAM IS THROUGH LAND BANK OR LAND TRANSFER, OTHER CITY INCENTIVES. 
          THERE'S OTHER CRITERIA THAT COME IN TO NOT MAXIMIZE ON LOW INCOME HOUSEHOLDS, INCOME ON THEIR HOUSE. 
          AND SO THERE'S A MORE COMPLEX CRITERIA DEPENDING ON A VARIETY OF SITUATIONS, UH, BUT TYPICALLY DOESN'T GO OVER THE 360 MARK, WHICH RIGHT NOW, UH, ON AVERAGE I LIKE, I, I THOUGHT, I GUESS MY, I WOULD LOVE IT IF THIS PROBABLY THO HAS MENTIONED IF THIS WERE TIED TOGETHER WITH A SUCCESSFUL SINGLE FAMILY DEVELOPMENT THAT WE WERE, YOU KNOW, I KNOW YOU'VE BEEN PURSUING THAT. 
          THAT'D BE NICE TO HAVE THOSE HAND IN HAND. 
          UH, YOU KNOW, WHERE I, IN MY MIND, I'M TRYING TO THINK, YOU KNOW, IS THERE A BETTER WAY TO DEPLOY A MILLION DOLLARS? IT'S JUST THE LEAST RISKY, YOU KNOW, I DON'T LIKE THE IDEA OF LOSING CONTROL AFTER FIVE YEARS, BUT I GET IT. 
          IF SOMEONE'S BUYING A HOUSE, YOU HAVE TO, UH, THE, THE ONLY THOUGHT I HAD IS, YOU KNOW, AND, AND THEY MAY HAVE ALREADY TACKLED THIS, IS ENSURING THAT DOESN'T END UP A PHANTOM INCOME ISSUE FOR THESE FAMILIES. 
          YOU KNOW, YOU FORGIVE 30,000 AND ALL OF A SUDDEN THEY HAVE A EXTRA $30,000 IN INCOME THEY GOTTA PAY THE TAXES ON. 
          UH, BUT I'M SURE THERE'S A WAY AROUND THAT SOMEHOW. 
          BUT THAT'S, THAT'S THE MINUTIA SETTING IT UP, RIGHT? WOULD IT BE BETTER? WOULD IT BE BETTER? WELL, I'M JUST ASKING ABOUT WHAT IF THEY WANT TO USE IT AS A BUY DOWN OF THEIR RATE, THE . 
          THAT'S A GREAT POINT. 
          SO ACTUALLY, SO PART OF MY CONVERSATION, ODDLY WITH, UH, TROY SAR WAS INVOLVED, THEY HAD AN INTERESTING, UH, MORTGAGE ASSISTANCE, UH, PROGRAM. 
          AND IT KIND OF GETS INTO, WE'RE SORT OF EXPLORING MAYBE A CREDIT RATING WITH THE AGENCY. 
          THAT'S GONNA BE A LONG SLOT TO GET TO THAT POINT. 
          BUT HONESTLY, MORE BANKER BLOCK ORGANIZATION LIKE OURS IS CREDIT ENHANCEMENT, YOU KNOW, GETTING INTEREST RATES DOWN. 
          SO IT'S JUST LAYERED. 
          HOW DO WE WANT TO DO IT, YOU KNOW? UM, I LIKE THE PROGRAM. 
          I LIKE IT IN CONCEPT, TRY IT'S ALLOCATION OF RESOURCES BECAUSE THE PEOPLE THAT SAY, HEY, YOU KNOW, IF YOU WANT A CREDIT ADVANCEMENT, GET AN A RATING SO YOU CAN GUARANTEE YOUR BONDS, YOU KNOW, ENABLE LITECH DEALS IN HIGH OPPORTUNITY AREAS, WHATEVER THAT IS. 
          YOU KNOW, KEEP AS MUCH CASH AS YOU CAN. 
          SO ONE ARE AIM FOR POLICY  ON MILLION. 
          WHAT WAS THE MAP YOU DID ON IF WE HAD, YEAH, THAT'S PRETTY GOOD. 
          TWO 5,000 PER YEAR? IT'D BE ABOVE A MILLION. 
          YEAH. 
          I MEAN THAT'S WHY WE COULDN'T BRING ANY WRITTEN STATEMENTS. 
          [01:55:01]
I WANTED TO GET, YOU KNOW, KEEP WORKING. 
          I COULD JUST TAKEN  AND STOP IT AND SAID, HEY YOU GUYS REDLINE THIS. 
          BUT I BEFORE THAT, I THINK REALISTICALLY WE NEED LIKE, YEAH, WE'VE GOT MICE IN THE BANK AND WE HAVE TO COME UP WITH STRATEGY AND WHAT THAT ENTAILS. 
          SOME OF IT NEEDS TO STAY IN THERE 'CAUSE WE'VE GOT $2 BILLION WORTH REAL ESTATE. 
          THERE'S A CONTINGENCY. 
          WE JUST HAVE TO HAVE, I ASSURE YOU WE HAVE TO HAVE IT NOW. 
          SOME FORM OF THAT HAS TO HAVE A SINGLE FAMILY HOME SOLDIER. 
          IT JUST THAT, I THINK IT'S IMPORTANT FOR OUR ORGANIZATION TO HAVE SOME FORM OF THAT. 
          IT JUST, IT'S JUST TWO IMPORTANT AGREEMENTS TO TOO. 
          WELL I THINK OLIVER'S POINT, MAYBE THERE'S A, IF WE GET A SINGLE FAMILY DEVELOPMENT PROPOSAL, WE SEND THE CONTRACT AND SAY, HEY FIRST HUNTER HOMES, WE ARE PROVIDE CERTAIN  THAT'S PART OF THE, THE INDIVIDUAL DEAL, RIGHT? TO SELL OR TO HAVE OUR RESIDENTS BE AT THE PRIVATE, RIGHT? YEAH. 
          OR HAVE RESIDENTS IN THIS OR PEOPLE IN THIS PROGRAM FIRST. 
          RIGHT. 
          FIRST SHOT. 
          YEAH. 
          SERVING THOSE, THOSE HOMES. 
          THAT WOULD BE, YOU KNOW, BECAUSE THAT'S THE THING, WE'RE TRYING TO BE A HOLISTIC, OBVIOUSLY THAT'S, THAT'S A WHOLE YEAR OUTLOOK, BUT UM, YOU KNOW, PROBLEM. 
          SO GOOD DISCUSSION. 
          WE WANT TO TAKE THIS TO THE POLICY AND STRATEGY COMMITTEE. 
          YEAH. 
          NOT, NOT READY TO TAKE IT. 
          YEAH. 
          LOOK IT OVER AND, AND YOU KNOW, REVIEW ALL THESE DIFFERENT IDEAS AND ALL THESE ISSUES THAT DO HAS BROUGHT UP OTHER, WE GOT A CONTRACT TO REVIEW, BUT YEAH, KEEP WORKING IT JUST TO DOLE AROUND THE IDEA. 
          OF COURSE. 
          YEAH. 
          NO, NO, THAT'S WHAT WE'RE, I MEAN THAT'S THE BIG LOOK. 
          FIGURING OUT THE USE OF FUNDS AND REALLY MY MIND, YOU KNOW, THE WELL ENTERPRISE WITH THE DOCK LINE IS NOT THE TWO BIG THINGS FOR THAT. 
          THESE NUMBERS TOO, YOU KNOW, IF WE HAVE 200 PEOPLE SIGN UP EVERY YEAR, THE NUMBERS GET PRETTY BIG, PRETTY FAST. 
          YOU KNOW, YOU GOT 6 MILLION FOLLOWERS, THAT WOULD BE A GOOD, MIGHT LOOK GREAT AND REALISTICALLY SPEAKING YEAH. 
          I MEAN I'M NOT SAYING IT'S GONNA HAPPEN, BUT YOU KNOW, EXPERTS WOULD ADVISE US. 
          WE NEED TO BE AWARE OF WHAT COULD HAPPEN RIGHT. 
          AND GO WRONG. 
          RIGHT. 
          AND THEN PART OF THAT, AGAIN, WE DON'T KNOW FOR BIG, LIKE, AND ONE OF THE THINGS AARON AND I WAS DISCUSS FOR IS, AGAIN, MY, OUR DATA. 
          I DON'T KNOW HISTORICALLY HOW MANY PEOPLE LEAVE OUR, UM YEAH, THAT'S THE PROGRAM TO GO PROGRAM TO GO INTO A FIRST TIME HOME. 
          ANY OTHER BLOCK BELT WHERE THEY COMING FROM WHEN THEY COME IN THING THAT BE PART OF THAT LAUNCH STUDY. 
          YEAH. 
          YOU KNOW, I MEAN I I, MY HYPOTHESIS WOULD BE THAT THEY GO TO OUR PROGRAM, THEN THEY GO TO OPERATE HOUSING AND THEN MAYBE EVENTUALLY THEY GO TO WHERE OWNERSHIP. 
          SO MAYBE WE'RE BYPASSING A STEP OR MAYBE WE FIND THAT WE DON'T HAVE THAT MUCH UPTAKE BECAUSE THE SMA BETWEEN BEING PART OF AN HSC YOU LIFE TAKE DEAL AND TRYING TO GO TO OWNERSHIP IS, IS QUITE FAR. 
          YEAH. 
          THAT'S, THAT'S, IT IS A REALISTIC BURDEN. 
          A RESIDENT HAD A 60% JOB TO BE A HOME HOLD A HOME BY 300,000, YOU KNOW? SURE. 
          WHICH IS WHY I SAY IT DOESN'T MAKE SENSE TO SAY THERE'S A CONCENTRATION OF POVERTY PLAN. 
          THAT'S THE DEMAND. 
          SURE. 
          AND, AND MAYBE THEY MOVE TO MULTIPLE PROPERTIES WITHIN OUR PROGRAM. 
          RIGHT. 
          LIKE MAYBE THEY GO TO ONE OF OUR ESSENTIAL BOND FUNCTION PROPERTIES FOR IN THE 80 TO 115 CATEGORY, THEN THEY GO TO HOMEOWNERSHIP OR PFC PROPERTY, P FFC, OR A PFC PROPERTY. 
          MY BIG CONCERN IS JUST THE, MAYBE THIS IS PART OF THE CREDIT COUNSELING OR THE COUNSELING I GET, BUT YOU KNOW, IT WOULD BE A COST OF THAT. 
          YEAH. 
          WELL I, I JUST GENERAL OWNING A HOME ESPECIALLY GETS OLDER. 
          IT'S EXPENSIVE AND YEAH. 
          YOU KNOW, I'VE SEEN PLENTY OF CASES WHERE THE MAINTENANCE COSTS EAT PEOPLE ALIVE, WHETHER THEY'RE ON LOWER OR FIXED INCOMES AND THAT MAYBE WE, MAYBE WE INCLUDE THAT THE, UH, MORTGAGE UNDER MAYBE. 
          SO YEAH. 
          AN EXTRA 10% FOR MAINTENANCE THAT IS INCLUDED IN MAYBE, SO AS IT RELATES TO THE CREDIT COUNSELING PIECE, I DON'T WANNA CREATE THE ADDITIONAL BURDEN FOR INDIVIDUALS. 
          SO IS THERE A WAY TO ALLY BRING THE CREDIT COUNSELING TO OUR PROPERTIES? IT MIGHT BE SERVICE PROVIDERS OUT OUTSIDE. 
          YEAH, THERE'S NONPROFITS. 
          THERE'S NONPROFITS. 
          UH, IN FACT MINE IS ONE THAT DOES ONE THAT, UH, CRACK ON THERE. 
          SO , BUT THEY, THEY DO EXIST. 
          OKAY. 
          RIGHT. 
          SO IT'S ALL ONLINE. 
          YOU CAN GO THROUGH, I MEAN THEY, SO THERE'RE GROUPS OUT THERE THAT DO IT NOT JUST FOR THEIR PIPELINE, BUT YOU CAN TAKE THAT AND USE IT FOR OTHER GROUPS AND UH, THEY HAVE ONES THAT ARE 
          [02:00:01]
ONLINE. 
          YEAH. 
          JUST BEING MINDFUL BURDEN HAVE TO, RIGHT. 
          DID YOU HAVE A QUESTION? NO QUESTION. 
          I THINK I, UM, I THINK THAT I THINK'S A GREAT PLACE, WHETHER IT'S LIVES WITH US OR WHATEVER THE HELL IT IS. 
          UH, I THINK THERE HAS TO BE SOME KIND OF, UH, A PATHWAY TO HOME OWNERSHIP, ESPECIALLY, YOU KNOW, BEING, YOU KNOW, ONE OF THE MAIN COMES. 
          SO THE WHOLE QUESTION IS WHAT DO THESE PROPERTIES DO THAT WE BUILD? DO THEY UPLIFT EVERYONE DOESN'T UPLIFT THE AREA, WELL JUST UPLIFT THE RESIDENTS, TAKE 'EM FROM ONE POINT TO ONE POINT AND ARE UPLIFTING. 
          AND THAT'S JUST WHAT WE'RE TRYING TO DO HERE. 
          RIGHT. 
          YOU DON'T HAVE TO NO VOTE. 
          NO, NO. 
          I MEAN, THERE'S JUST REALLY GOOD FEEDBACK. 
          GOTCHA. 
          IF YOU GUYS WANTED SOMETHING LIKE THIS WORKSHOP OVER THE NEXT COUPLE MONTHS, LET'S GO TO ITEM 13, UH, EIGHT, UH, REVIEW AND DISCUSSION. 
          THE DFCS TREASURE REPORT FOR TWO MONTH PERIOD, DATE ON FEBRUARY 28TH, MAYBE A REPORT WOULD GREAT. 
          YES, I AM ERIN. 
          SO, UH, FOR THESE TWO MONTHS I CHANGED THE TREASURER'S REPORT UP A LITTLE BIT. 
          IF YOU'VE SEEN THE, THE WRITTEN DOCUMENT TO, TO REALLY KIND OF BRING TO LIGHT WHAT'S IN, UM, YOUR CASH CASH EQUIVALENTS AND INVESTMENTS OF THAT JUST OVER $26 MILLION AT FEBRUARY 28TH. 
          UH, JUST TO LET YOU KNOW, OBVIOUSLY THAT YOUR TAX POOL IS THE LARGEST PART OF THAT AT 21 MILLION. 
          UM, IT HAS AN AVERAGE DAILY YIELD AS OF, UH, THE END OF FEBRUARY AT RIGHT AT 3.68%. 
          THAT'S DOWN FROM 3.85. 
          IT HAD IN TEXT POOL. 
          AND THAT'S KIND OF THE WAY A LOT OF, UH, BOTH TEXT POOL AND TEXT POOL PRIME ARE GOING, UH, SLIGHTLY UH, SLIGHTLY DOWN RIGHT NOW, BUT IT IS ABOVE YOUR, OBVIOUSLY YOUR INSURED CASH SWEEP ACCOUNTS INTEREST RATES OF 3.55. 
          SO, UH, YOU HAVE VERY HEALTHY, UH, CASH RESERVES AT THIS TIME. 
          YOU DID HAVE, UH, COME IN THIS PARTICULAR, UH, THIS PARTICULAR MONTH, UH, SOME ISSUER FEES. 
          YOUR INVESTMENT INCOME, UH, FOR THESE TWO MONTHS IS ALMOST AT $166,000. 
          AND YOUR TOTAL INCOME FOR THESE TWO MONTHS IS 1,178,000 ROUGHLY WITH EXPENSES OF 141,000 TO COME TO A NET CHANGE IN YOUR FINANCIAL POSITION OF $1,036,447. 
          SO A VERY HEALTHY BALANCE THERE. 
          QUESTIONS, WHY DOES THE MONEY MARKET RATE VARY BETWEEN THREE AND 3.55? WHAT TWO SEPARATE ACCOUNTS? YOUR, YOUR INSURED CASH SWEEP ACCOUNTS HAVE THE HIGHER, SO THAT'S WHERE YOU'VE GOT MONEY IN PROBABLY 12, 15 DIFFERENT OR MORE, UH, CASH ACCOUNTS THROUGH THIS PARTICULAR BANK WHERE TWO OTHER BANKS SO THAT YOU REMAIN FDIC COVERED. 
          BUT THAT'S GUARANTEED A HIGHER, IT'S, IT'S COMING IN AT HIGHER INTEREST RATES THAN WHAT YOU'RE GETTING ON THE MONEY MARKET WITH YOUR, YOU KNOW, ONE ACCOUNT IN ONE BANK. 
          WE HAVE IN 12 ACCOUNTS JUST TO EXTEND OUR FDI SEED PROTECTION. 
          OKAY. 
          EXACTLY, EXACTLY. 
          PERFECT. 
          AND JUST SO Y'ALL KNOW THAT THE INVESTMENTS Y'ALL HAVE, I TOOK A A LOOK 'CAUSE I KNOW THERE WAS SOME DISCUSSION ABOUT WHAT ALL IS IN THE TAX POOL. 
          UM, YOU KNOW, THE VAST MAJORITY OF IT, AND, AND THIS IS AS OF ACTUALLY AS OF MARCH 31ST, IS IN REPURCHASE AGREEMENTS. 
          IT'S ALL, IT'S ALMOST ALL GOVERNMENT RELATED. 
          GOVERNMENT TREASURIES, TREASURY BILLS, TREASURY NOTES, GOVERNMENT SECURITIES, UM, MAKE UP MORE THAN, UM, WELL RIGHT AT IT LOOKS LIKE 97% OF WHAT'S IN THE TECH POOL, UH, PORTFOLIO. 
          AND THERE'S LIKE CLOSE TO 2000 PARTICIPANTS IN TECH POOL RANGING FROM EVERYTHING THAT YOU THINK OF, OF, OF SCHOOL DISTRICTS AND COUNTIES AND UTILITY DISTRICTS, ALL SORTS OF DIFFERENT SORT OF GOVERNMENTAL ENTITIES. 
          AND AS WE DISCUSSED LAST TIME, THAT IS ONLY, IT IS 
          [02:05:01]
ONLY OPEN TO GOVERNMENTAL ENTITIES. 
          VERY CONSERVATIVE. 
          YEAH, VERY HIGH. 
          IS TEXTBOOK ITSELF RATED BY BOND RATING AGENCIES OR IS IT JUST AN AGGREGATOR? IT WELL IT IS AAA, LITTLE M WHATEVER THAT THAT MEANS. 
          I'M NOT VERY GOOD. 
          YEAH. 
          SO VERY GOOD. 
          NOW THIS IS, THIS IS ONE OF THE, THE SAFEST EVERYTHING IS HAS MATURITY. 
          IT HAS TO BE 196 DAYS OR LESS. 
          SO LIKE WE'VE TALKED ABOUT BEFORE, THAT'S VERY LIQUID. 
          69% AS OF MARCH 31ST WAS UH, HAD A MATURITY OF, UH, AVERAGE MATURITY OF SEVEN ONE TO SEVEN DAYS. 
          SO, UH, THIS IS ALL VERY, VERY LIQUID ASSETS. 
          SNEAK ANY QUESTIONS. 
          RIGHT. 
          THANK YOU SHANNON. 
          THANK YOU. 
          THANK YOU. 
          LET'S GO ON ITEM. 
          SO I HAVE NINE, WE HAVE DISCUSSION AT DHCS INVESTMENT REPORT COORDINATING DECEMBER 31ST, 2025. 
          YEAH, SO THIS IS PART OF OUR POLICY. 
          UM, IT'S REALLY JUST AN ADD ON TO YOUR TREASURE'S REPORT THAT SHOWS WHAT'S IN WHAT WE QUOTE UNQUOTE CALL INVESTMENTS. 
          UH, AND AGAIN, JUST MENTIONED ONCE. 
          YEAH. 
          SO WE JUST TALK ABOUT IT. 
          THE REAL REASON IS IT IN STRICT COMPLIANCE WITH PUBLIC FUNDS INVESTMENT ACT. 
          GOT IT. 
          NOTED ALL IT IN EVERY REPORT. 
          THAT'S RIGHT. 
          UH, ITEM 10, DISCUSSION OF THE CORPORATE PIPELINE REPORT AS APRIL 14TH, 2026. 
          NO CHANGE IN TERMS OF CLOSINGS. 
          WE'RE STILL WORKING ON OUR TON. 
          YEP. 
          UH, HOPEFULLY NEXT MONTH, RIGHT? YEAH, I THINK SO. 
          OK. 
           AND OK. 
          YEAH. 
          OK IS NOT GOOD. 
          WE HAVE SEVERAL THAT, THAT RECEIVED PRONOS, UH, BUT WE'RE JUST LOOKING ON  AND LETTING THOSE, I THINK WE'LL SEE TOWARDS THE END OF THE YEAR. 
          SO WE GOT PLENTY IN THE PIPELINE. 
          JUST IS OK OCCUPIED RIGHT NOW OR IS IT JUST UH, IT'S THERE. 
          NO, IT'S OKAY. 
          IT'S NOT BEEN UNDER CONTRACT. 
          ALTHOUGH OWNER HAS BEEN VERY, UH, COOPERATIVE WITH OUR SPONSOR THAT'S HAD IT AND THEY'VE BEEN TRYING TO EXPLORE. 
          THE KEY IS, IS THE AGENCIES GOING TO FINANCE A ACQUISITION LIKE THAT? A WORKFORCE THREE NINE FOR AN HSC, UH, PURCHASE. 
          THE LEGISLATION FROM A YEAR AGO REALLY COMPARED IT AND THEIR WAY PUT RULES OF THCA TO COME OUT, CAME OUT LAST MONTH TO REALLY UNDERSTAND COULD THEY CLOSE, COULD THEY, UH, GET COMFORTABLE WITH A PUBLIC BENEFIT TEST THAT'S NOW EVERY YEAR. 
          MM-HMM . 
          AND THAT'S A VERY HARD THING FOR A LENDER. 
          WE DON'T KNOW WHAT YOUR TAXES ARE GONNA BE, YOU KNOW, FROM YEAR TO YEAR BECAUSE THE RISK GO UP AND DOWN BECAUSE PAY THIS TO THE TAX. 
          SO, YOU KNOW, FROM ENTITIES, IT'S JUST HOW DOES THE LENDER, HOW DO YOU UNDERWRITE THAT? HOW DO THAT'S, THAT'S THE SAME QUESTION FOR THE HARTFORD DEAL. 
          IT'S KIND OF FALLS INTO THAT WORK DEAL. 
          CAN THEY GET FINANCING? WE DON'T KNOW YET BECAUSE, AND LOOK, THERE'S, THERE'S GONNA BE A HANDFUL OF DEALS ACTUALLY LOOK DEALS. 
          THIS WAS A PERFECT TIME OUT, SO IT'S GREAT. 
          UM, LAST MORE DEALS. 
          ONE MAYBE THE HARPER BUILDING, UH, WHICH WE'LL HAVE TO HAVE A LONG DISCUSSION. 
          DO WE WANT TO DO THAT BECAUSE IT'S GOT THE SAME PROBLEM OAKLAND HAS. 
          I MAY BE ABLE TO GET CONSTRUCTION LOAN TO, YOU KNOW, CONVERT IT TO APARTMENT COMPLEX, BUT WHAT'S THE EXIT? ARE YOU GONNA BE ABLE TO GET A CONSTRUCTION LOAN AND IF THAT LENDER DOESN'T FEEL COMFORTABLE, YOU HAVE PERMANENT FINANCE? I DON'T THINK SO. 
          RIGHT. 
          I WOULDN'T THINK SO MYSELF. 
          SO, BUT WE'RE GONNA HAVE A SPONSOR COMING IN SAYING THEY DO THAT. 
          THEY DO. 
          OKAY. 
          I MEAN, PRESUMABLY THEY WOULD GO DOWN THAT ROAD IF THEY DIDN'T HAVE SOMEONE. 
          WELL, DO WE HAVE ANY, I MEAN, I KNOW THE RULES JUST CAME OUT, BUT DO WE HAVE, I KNOW SANDY MOVES THAT THEY, THEY'RE LIKE, DO WE HAVE ANY INSIGHT ON, I'M GETTING TEXT, I'M GETTING TEXTS SAYING IT'S UN IT'S UNDETERMINED STILL. 
          SO FOR DEAL REVIEW COMMITTEE, YOU KNOW, SOME OF THESE DEALS COMING UP, HEY, WHAT DO WE THINK? BLAH, BLAH. 
          SO YEAH. 
          QUESTIONS ON THE PIPELINE. 
          AWESOME. 
          IT'S TWO 14. 
          IT'S TWO FOUR.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.