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[Dallas Housing Acquisition and Development Corporation on April 30, 2026.]
I NOW CALL THE MEETING OF THE BOARD, THE BOARD OF THE DALLAS HOUSING ACQUISITION DEVELOPMENT CORPORATION TO ORDER AT 12:00 PM ON APRIL 30TH, 2026.YOU ALL HAVE RECEIVED THE MINUTES OF THE FEBRUARY 26TH, 2026 MEETING, AND THESE MINUTES WERE ALSO POSTED WITH THE AGENDA FOR THE PUBLIC'S REVIEW.
DOES ANYONE HAVE ANY CORRECTIONS TO THE MINUTES OF THE FEBRUARY 20, 26, 26, 20 20 16? MR. CHAIRMAN, HAVING BEEN JOHN PRICE, HAVING BEEN PRESENT, HAVING REVIEWED, AND TO THE BEST OF MY RECOLLECTION, I WOULD MOVE THAT THOSE MINUTES BE APPROVED AS SUBMITTED.
UH, ALL THE FAVOR OR APPROVAL OF THE MINUTES? A I ALL OPPOSED? NAY? THE MOTION CARRIES? ANY, ANY ANY PUBLIC COMMENTS? OKAY, I, I'LL SKIP WITH YOU.
CHRIS, PRESENT CLEARLY AND READY TO GET STARTED.
VIRTUAL PRESENT COMMISSIONER PRICE PRESENT.
MOVING ON TO OUR NEXT ITEM, ACTION ITEM NUMBER FIVE, WHICH IS CONSIDERATION AND APPROVAL OF THE TREASURER'S REPORT FOR THE PERIOD OF FEBRUARY 1ST, 2026 THROUGH MARCH 31ST.
UM, SO FOR THE MONTHS OF FEBRUARY AND MARCH, THE BEGINNING BALANCE, UM, WAS 899,475 68 CENTS.
THE COMBINED DEPOSIT AND CREDIT TOTAL, A HUNDRED THOUSAND 291,291.
AND THE TOTAL COMBINED DEBIT IS 60,688 AND 57 CENTS.
UM, THE CITY OBLIGATIONS BALANCE REMAINS, REMAINS UNCHANGED AT 562,331 WITH 1 CENT FOR TOTAL, UH, FUNDS ON HAND AS OF MARCH OF 31ST OF 2026 OF 1,000,501, 409 TO 12 CENTS.
YES, I MOVE TO APPROVE THE TREASURER'S REPORT FOR THE MONTH OF FEBRUARY IN MARCH 2ND.
ANY ANY QUESTIONS OR COMING? HAVE A MOTION.
ANY, ANY CONCERNS? ANY QUESTIONS? ALL IN FAVOR SAY AYE.
ALL OPPOSED NA AYES HAVE MOTION CARRIED.
WOODY AND DIRECTOR EMILY LOU HAS JOINED US.
UH, OUR NEXT ITEM, ACTION ITEM NUMBER SIX, CONSIDERATION AND APPROVAL OF THE SALE OF TWO LAND BANK PROGRAM.
THE, THE, THE AGENDA WILL BE AMENDED TO REFLECT TWO LOTS.
UH, WE WILL BE REMOVING THE 1 9 3 9 MORRIS STREET LOT.
UM, THERE IS SOME CONCERNS ABOUT THAT LOT.
IT IS ACTUALLY NOT A PART OF OUR INVENTORY, SO THAT ONE WILL HAVE TO BE AMENDED FROM THE AGENDA.
MR. MR. CHAIRMAN, YOU SAID REMOVING WHAT? BECAUSE IT'S THREE IN THAT, THAT THAT'S RIGHT.
WE'RE REMOVING 19 39, 19 30 ORANGE STREET.
IT'S, IT'S NOT ACTUALLY IN OUR LAND BANK INVENTORY, THERE WAS A SOFTWARE GLITCH THAT ALLOWED THAT LOT TO BE SELECTED.
WE'RE AMENDING THIS TO, TO BE TWO LAND BANK PROGRAM LOTS AT THIS TIME.
IT'S MY UNDERSTANDING THAT THE DEVELOPER WILL BE COMING BACK TO GET THAT THIRD LOT POTENTIALLY ON THE NEXT, ON THE NEXT FOURTH.
THAT, IS THAT CORRECT? THAT'S CORRECT.
UH, SO WE'RE GONNA DO TWO LAND BANK LOCKS, TWO AE EQUITY GROUP LLC FOR THE DEVELOPMENT OF TWO AFFORDABLE HOUSING UNITS LOCATED AT 1512 BORIS STREET AND 2306 SFI AVENUE.
AND I APOLOGIZE FOR THE ISSUES WITH THE AGENDA.
LIKE, LIKE THE CHAIRMAN SAID, WE, UH, ACTUALLY, KIMBERLY FOR ONE OF
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OUR ROOF SPECIALISTS DISCOVERED YESTERDAY THAT THERE'S A GLITCH IN OUR SOFTWARE THAT ALLOWED THE DEVELOPER TO SELECT A LOT THAT WASN'T IN OUR INVENTORY COURSE APPLICATION.AND, UM, WE, WE WEREN'T AWARE OF IT.
SO YES, THAT GLITCH IS BEING REPAIRED AND WE'LL, WE'LL MAKE SURE THAT DOESN'T HAPPEN AGAIN.
AND I WAS OUT SICK THE LAST COUPLE OF DAYS.
THERE'S A COUPLE OF LITTLE THINGS IN THE MEMO AND, UM, MEMOS THAT WE'LL GET TO AS WE GO ALONG THAT NEED TO BE CORRECTED.
BUT WE DO HAVE THE DEVELOPER AE EQUITY GROUP HERE.
ANTONIO, UM, EVERETT IS THE CEO OF A EQUITY GROUP.
AND ANTONIO'S A DEVELOPER WHO CAME TO US FOR THE FIRST TIME LAST YEAR TO BUILD A ONE LOT.
AND WE STILL HAVE THE ONE LOT POLICY FOR NEW DEVELOPERS.
UH, PLEASED TO SAY THAT HE HAS DELIVERED ON THAT ONE LOT.
THERE IS AN AFFORDABLE FAMILY WHO MOVED INTO THAT HOUSE RIGHT BEFORE CHRISTMAS.
WE HAD, WE HAD NO PROBLEMS. AND HE SUBSEQUENTLY SUBMITTED ANOTHER APPLICATION IN NOVEMBER FOR MORE LOTS.
AND, UM, WE HAVE REVIEWED HIS APPLICATION CONSIDERING, CONSIDERING HIS, UH, HIS FINANCIAL, UM, PROJECTIONS, HIS PERFORMANCE.
UH, HE'S AGREED TO TAKE ON THREE LOTS THIS TIME, AND I'LL LET HIM DO HIS PRESENTATION, BUT HE IS ONE OF OUR SUCCESS STORIES.
HE CAME IN, HE BUILT HIS LOT, UH, WE HAD NO ISSUES WITH HIM, AND NOW HE'S BACK FROM, ALRIGHT, LET'S TALK ABOUT IT.
MR. ANTONIO, I I CAN ADVANCE THE SLIDES.
JUST LET ME KNOW WHEN YOU'RE READY.
UM, I, AGAIN, I'M ANTONIO EVERETT.
I, UM, GLAD TO BE BACK HERE TODAY.
HAD A GOOD EXPERIENCE WITH THE FIRST LOT.
UM, BUILT THE HOUSE IN 58 DAYS, BUILT THE HOUSE SO FAST.
THE MAIN, ACTUALLY HAD ME TO TEACH A CLASS TO SOME MORE DEVELOPERS ABOUT, UH, TIMELINE AND SCHEDULE.
UM, I'M A LICENSED BROKER AS WELL, SO I ACTUALLY LISTED THE HOUSE FOR SALE BEFORE IT WAS FINISHED.
UM, AND WERE ABLE TO GET THAT FAMILY IN BEFORE CHRISTMAS.
UM, I'VE BEEN DOING AFFORDABLE HOUSE IN MY WHOLE CAREER.
I WORKED 10 YEARS OF NAP DOING, UH, AFFORDABLE LOANS.
SO, UH, I HAVE THE PASSION TO PUT, UH, PEOPLE IN HOUSES.
UH, IF YOU SCROLL UP A LITTLE BIT MORE, UH, IT JUST SHOWS THE, UM, THE LOTS THAT I'VE SELECTED AND, UH, THE PROJECTED, UM, FINISH OUT.
UM, I LIKE TO DO BRICK FRONTAGE ON ALL OF MY PROPERTIES.
UM, REGARDLESS OF THE CALLS, REGARDLESS IF IT'S LAND BANK, IT JUST SUSTAINS THE NEIGHBORHOOD A LITTLE LONGER.
UM, THESE ARE SOME PROPERTIES THAT I HAUL.
THESE, THESE ARE SOME PROPERTIES THAT I'VE, I'VE, I'VE BUILT BEFORE THAT I'VE SELECTED TO PUT, UM, IN THESE AREAS.
UM, THEY FIT THE STYLE OF THE HOUSES ALREADY IN THE AREA.
UM, AND THEN THEY ALL HAVE TWO PART GARAGES.
MAINLY OTHER DEVELOPMENTS CAN DECIDE TO DO WHAT THEY WANT TO DO.
UM, TWO PART GARAGES, JUST FOR SOME AREAS, THEY JUST FIT THE NEIGHBORHOODS BETTER.
SO BOTH OF THESE SELECTED ARE, UH, THREE BEDROOM HOUSES, UH, TWO BATHROOMS WITH TWO APPARATUS.
SO THIS FIRST ONE IS 1512 MORRIS, UM, IN THE TRINITY GROVE WEST DALLAS AREA.
UM, AND THAT DESIGN FITS THAT AREA OF LL LEVEL.
ALL THOSE MODERN HOUSES GOING ON.
UH, WE CAN GO DOWN TO THE NEXT ONE.
IT JUST SHOWS THE, UH, SIZE, THE PREDICTION OF COST TENDENCIES, THEN JUST THE POWER LINE AS WELL.
UM, SO WE CAN GO DOWN TO THE NEXT SLIDE.
UM, IT'S DOWN THE LANCASTER VETERANS FOUR DOOR.
UM, I'VE BUILT THIS HOUSE, ACTUALLY THE SOUTH DALLAS BEFORE, UH, THE BRICK FURNITURE WITH THE TWO CAR GARAGE AND A MORE CLASSIC STYLE.
UM, IT'S A LITTLE LARGER THAN THE OTHER ONE.
UH, SO THIS ONE IS ABOUT 1500 SQUARE FEET.
UH, BUT IT'S STILL LIKE THREE BATHROOM, UH, TWO BEDROOM, TWO CAR GARAGE.
WE CAN GO DOWN TO THE NEXT SLIDE.
IT JUST SHOWS THE PROJECTIONS ON THE TIME LENGTH, UH, PROJECTOR, TIME LENGTH.
UM, I'M GONNA BUILD THESE TWO HOUSES AT THE EXACT SAME TIME.
IT JUST, IT JUST HELPS WITH IT.
UH, BANKS ALREADY APPROVED ME TO, TO BUILD 'EM AT THE SAME TIME.
SO MY PLAN IS TO GET THIS PERMIT DONE AND GET THESE DONE, UH, HOPEFULLY BEFORE SCHOOL STARTS.
JUST DEPENDS ON WHAT TIME WE CAN GET CLOSED.
USUALLY IT TAKES ME ABOUT 60 DAYS TO BUILD 'EM, PUT 'EM ON THE MARKET, AND THEN ANOTHER 30 TO 45 DAYS TO GET THROUGH, UH, THE CITY, CITY STARTS.
SO I LIKE TO GET 'EM UNDER CONTRACT SO WE CAN GET STARTED WITH THE APPROVAL WITH THE CITY BEFORE THE HOUSE SPENT.
SO, UM, AND THEN THE LAST, THAT'S THE LAST SLIDE.
JUST ANYBODY HAVE ANY QUESTIONS? THANK YOU, MR. ANTONIO.
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UH, FLOOR.ANY QUESTIONS? UH, MR. CHAIRMAN, I JUST HAVE, UH, FIRST OF ALL, THANK YOU, MR. NUMBER TWO.
ARE YOU EXPERIENCING ANY, UM, DIFFICULTIES? I, I GET CALLS FROM TIME TO TIME, UM, NOT KNOWING WHO THE DEVELOPERS ARE, BUT THEY JUST REACHING OUT OR RE FINDING THE CITY PROCESS TO BE, UH, ENHANCED FROM WHERE YOU FIRST BEGAN? UH, YES.
I MEAN, THAT'S REALLY THE BIGGEST THING.
I THINK THEY GOT ALL THE GLITCHES WORKED OUT.
UM, EVEN WORKING WITH THE LAND BACK TYRONE WAS PRETTY GOOD, OTHER THAN CALLING ME THE DAY BEFORE AND TELLING ME THAT I CAN'T BUY THAT LOT.
YOU KNOW, THE COMMUNICATION, UM, THE PERMITTING PART IS FINE.
YOU KNOW, IT'S JUST TWO WEEKS, YOU KNOW, IF YOU GET EVERYTHING IN.
SO IT'S USUALLY IF YOU HAVE A HICCUP THEN IT TAKES THEM A WHILE, BUT IF YOU GET THEM WHAT THEY WANT IN THE BEGINNING, IT JUST DOESN'T START ALL THE ADDITIONAL BACK AND FORTH.
SO MOST OF THE PROBLEMS, YOU KNOW, WITH THE CITY ARE
DO I HAVE WORK IN THAT DEPARTMENT? I'M GLAD TO HEAR THE PERMITTING PARTIES IS, IS GOING WELL.
UH, LOOK LIKE YOU SEEM TO BE VERY EXPERIENCED DEVELOPER OR BUILDER.
UM, SO WHEN YOU PURCHASE THIS SLIDE, ARE YOU AWARE THAT SOME OF THESE ORDERS YOU WERE TO SITE WANT TO TRACK FAST, TRACK THIS VERY QUICKLY AND OCCASIONALLY SOME OF THESE SLOTS ARE NOT PLANNED? I HAVE ONE, UM, SENDING THE EMAIL LAST WEEK SHOP THAT WAS NOT PRIVATE.
WHEN YOU GOING THROUGH THE PLANNING PROCESS, THAT TAKES TIME AND MONEY.
THE, THE POSSIBILITY, RIGHT? IT DEPENDS ON WHICH LOT YOU PICK.
SO PERMANENTLY, IT'S VERY EASY.
I THINK THESE REGULAR TWO WEEKS WHERE 10 DAYS BRAND NEW, YOU CAN GET IN AND GET OUT QUICKLY.
HOWEVER, IF THE LAW HAS NOT BEEN PLANTED, IT WILL TAKE SOME TIME TO GET IT PLANTED.
SO I, I DON'T WANT PEOPLE TO START, UH, TO GET THE LAW.
IF EVERYTHING'S READY, YOU CAN, BUT NOT PLANTED.
UH, MR. PRESIDENT, I'M, I'M DEFINITELY FOR THE END OF THE FRAY HERE.
WHY, WHY, UH, DO WE ADVISE WHEN ONCE WE PUT THE LOTS OUT THERE, IF THE LOT IS NOT PLATTED, DO WE ADVISE THAT I YES.
WE TALK TO THE DEVELOPERS ABOUT WHETHER OR NOT THE LAST FLAT, WHEN WE'RE GOING THROUGH THE PROCESS OF BRINGING IT TO THE BOARD, WE TALK ABOUT ALL THE ISSUES AND WE WORK WITH THE DEVELOPERS ON ESTABLISHING THEIR TIMELINES ON WHAT THEY PLAN ON DOING.
AND NOW WE'VE HAD A CHANGE IN, WE'VE HAD A PARADIGM SHIFT IN THE LOTS THAT WE'RE ACCEPTING.
SO NOW WE'RE, WE'RE, WE'RE NOT ACCEPTING LOTS IF THEY HAVE FLOODING ISSUES MM-HMM
UM, BUT WE, WE, WE ALWAYS TALK TO DEVELOPERS IF THERE'S A ZONING ISSUE, THEY THAT IT'S THEIR RESPONSIBILITY.
AND THAT'S A PARADIGM SHIFT FROM THE BOARD BECAUSE THE BOARD'S PREVIOUS DIRECTION WAS TO TAKE, TO TAKE DOWN LAND WHERE WE COULD PUT HOUSING, EVEN IF THERE WERE SOME CHALLENGES TO LAND.
UM, NOW WE'RE LOOKING FOR LAND THAT'S MORE BUILDER, BUILDER READY.
BUT, BUT YEAH, WHAT WE TALKED TO THE, WE TALKED THROUGH THAT PROCESS WITH THE DEVELOPERS AT THE TIME BEFORE WE BREAK INTO POOL, AND THAT'S IMPACTING OUR INVENTORY RIGHT NOW.
WELL, AND I'M GONNA GET TO THAT.
WELL I JUST WANTED, THANK YOU.
I JUST, I JUST WANTED THAT CLARIFICATION.
IF THEY, THEY WALK INTO IT KNOWING IT.
TYRON SENT ME A LIST OF, UH, HOW YESTERDAY AND IT HAD ALL THE EXPLANATIONS, WHETHER IT WAS COMMERCIAL, UH, ZONING ISSUES, UH, NOT PLANTED.
SO I JUST STAY AWAY FROM THE NUN, NOT
IF IT HAS SEW WATER, IT HAD WORKER THAT YOU ARE THE ONES TO STAY AWAY FROM.
EMILY, A QUESTION, IS THERE A PROCESS BETWEEN THIS BOARD AND OUR LAND BANK DEVELOPERS WITH YOUR DEPARTMENT FOR EXPEDITED PLANNING PROCESS? IF WE WERE ABLE TO TAKE DOWN LAND AND NEEDS TO BE FLATTED AND COULD BE BUILDABLE FOR PORTABLE UNITS, IS THERE EXPEDITED, STREAMLINED PATH THAT WE COULD UTILIZE TO GET THOSE PLAS DONE? AND IS THERE ANY BREAKS ON THE FEES FOR OUR DEVELOPERS THAT ARE WORKING IN THIS PROGRAM? LET ME ASK, LET ME ANSWER YOUR QUESTION FIRST ONE, FIRST TIME-WISE, WE ARE, YOU KNOW, THE STATE HAS A WALL,
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EVERYTHING, WE HAVE TO GET EVERYTHING DONE WITHIN 30 DAYS.SO, YOU KNOW, THAT'S THE THING.
IT HAS TO BE APPROVED BY THESE, UH, THROUGH, THROUGH PUBLIC HEARING PROCESS.
SO 30 DAY, I THINK THAT WAS REASON THE FEES, YOU KNOW, WHERE ENTERPRISE, RIGHT, WE HAVE TO SELF-SUSTAINING, UH, ALL THE PROJECT, WHETHER AFFORDABLE HOUSING OR NOT.
IT'S, IT'S A, IT'S A SAME, UH, THE SAME FEE.
SO, UM, BUT IF THERE'S OTHER FUNDING SOURCES FOR ECONOMIC DEVELOPMENT BECAUSE THE AFFORDABLE HOUSING MAYBE CAN USE SOME OF THE AFFORDABLE HOUSING OR THE
I THINK THAT'S SOMETHING CAN TALK A BIT MORE IN TERMS OF FEE LABOR
AND SO YOUR PROCESS FOR, FOR REPLANT IS 30 DAYS? YEAH.
YOU HAVE TO, THREE DAYS AFTER EVERYTHING'S COMPLETE, WITHIN 30 DAYS, WE HAVE TO EITHER APPROVE OR DENY.
AND THEN HOW LONG DOES IT USUALLY TAKE FOR THE HEARING TO BE SCHEDULED? WELL, UM, WELL THAT, THAT DOES TAKE THE TIME.
SO IT IS LIKE, UH, TWO FINISH THE HEARING IN 30 DAYS.
SO WE ALREADY HAVE A SCHEDULE, UH, AHEAD OF TIME.
WE TELL THEM AFTER YOU APPLICATION COMPLETE, THIS IS HOW MUCH TIME WE'RE GONNA SPEND WITH YOU, AND THIS IS YOUR HEARING SCHEDULE.
SO AT THE VERY BEGINNING, PEOPLE KNOW WHAT THE HEARING GOING TO BE, UH, OKAY.
SO IT, IT'S, IT'S 30 DAY, WE HAVE NOT MISSED THAT 30 DAY TIMELINE, BUT IT'S VERY IMPORTANT PEOPLE, UH, HAVE THAT APPLICATION COMPLETE AND WE HAVE STAFF AVAILABLE TO MEET WITH THEM AHEAD OF TIME AND GO THROUGH THAT PROCESS, GIVE THEM CHECK OF WHAT IS NEEDED, UH, SO THAT THEY CAN SUBMIT A GOOD COMPLETE PATIENT.
SO THE QUESTION I THINK BECOMES FOR THE BOARD, IS IT, DO YOU HAVE THE APPETITE TO INCREASE OUR INVENTORY BY ALLOWING MORE BUILDABLE LOTS THAT HAVE SOME OF THESE ISSUES THAT HAVE TO BE RECTIFIED BY DEVELOPING, AS LONG AS THERE'S A PROCESS TO DO SO IN ABOUT A 30 DAY TIMELINE AND THAT ALL THAT INFORMATION IS PROVIDED IN ADVANCE OF THE PURCHASING THE LOT, MR. MR. CHAIRMAN BE RECOGNIZED? YES.
WELL, I THINK A FEW OF US, WE, WE'VE BEEN ON THIS BOARD AND IT'S INTERESTING.
I, AGAIN, WE'LL GET A CHANCE TO TALK.
I'M NOT GONNA TALK COUNSELOR ATTORNEY, BUT ABOUT THIS INVENTORY, I NEVER HEARD THESE CHALLENGES BEFORE.
SO IS THIS SOMETHING NEW THAT THAT'S, IT'S VERY RARE.
I JUST HAPPENED TO HEAR, HEAR ONE LIKE LAST WEEK AND THAT THE PERSON WHO SAID I BOUGHT THIS, I BELIEVE IT'S FROM LAND BANK.
IT IS FOR PUBLIC, UH, AFFORDABLE HOUSING.
FIRST OF ALL, THAT'S TRANSFER PROPERTY.
I'M GLAD YOU'RE DOING ALL THAT.
I, I UNDERSTAND WE WORK TOGETHER TO GIVE YOU SOME INFORMATION AHEAD OF TIME, BUT YOU KNOW, SOME OF THE ISSUES WITH THE PROPERTY.
BUT YEAH, MR. CHAIRMAN, UM, CHAIRMAN, AGAIN, LAND TRANSFER IS A RECENT, YOU KNOW, KIND OF NOT RECENT, BUT A HANDOFF.
I, I GET THE HURDLES AND THE CHALLENGES TO THAT.
BUT HAVING BEEN TWO OR THREE OF US ON THIS FOURTH ONE, I JUST HAVE NEVER HEARD SOME OF THESE OTHER PLAT ISSUES, ET CETERA.
AND ACCORDING, I GUESS MR. WILSON, I MAY HAVE BEEN SOME, BUT AS LONG AS THEY'RE NOT LYING SHARE OF IT, I'M, AND I'LL, YOU'LL HEAR ME IN A FEW MINUTES.
I'M JUST CONCERNED BECAUSE AS THEY, IT BOTHERS ME HAVING BEEN HERE THIS LONG THAT ALL OF A SUDDEN THERE SEEMS TO BE PROPERTY CONCERN AND TAKE LAND A PERMIT IS NO PROBLEM.
UH, WE ARE ONE OF THE FASTER, UH, FASTER DEPARTMENT IN THE COUNTRY PROCESSING THESE.
A LOT OF OTHER CITY TAKES WEEKS, EVEN MONTH TO GET A RESIDENTIAL PERMIT OUT THE DOOR.
OUR IS, UH, ABOUT NEW, LIKE NEW CONSTRUCTION IS ABOUT, UH, UH, MEDIUM DAY IS 10 CALENDAR DAYS.
SO IT'S PRETTY FAST TO GET THE BE OUT THE DOOR.
AND WE EVEN HAVE, UM, EVEN THAT'S SOMETHING WE CAN DO IS AFFORDABLE HOUSING, UH, A SEPARATE, UH, APPROVAL PROCESS FOR THE PERMITTING.
UM, AND THIS SURELY WILL BE DELIBERATED LATER.
UM, WILL THERE BE ANY INCENTIVE FOR THE DEVELOPER TO TAKE THE UNLA? I MEAN, QUESTION.
IT'S, IT IS, IT IS NOT SOMETHING WE COULD OPENLY DISCUSS.
I KNOW IT HAD TO BE, I JUST WANTED TO BRING IT UP BECAUSE YEAH.
BUT IF YOU NEED, IF YOU WANT SOMEBODY TO TAKE 'EM, IT'S JUST SOMETHING TO CONSIDER.
AND THAT'S KIND OF WHAT I WAS GETTING TO WITH, WITH THESE FOLKS HERE AND THE CONVERSATION WE WERE HAVING.
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WOULD HAVE TO ADD TO AN AGENDA ABSOLUTELY.BUT, UH, THANK YOU FOR THOSE COMMENTS.
IT, IT ALSO WILL BE CONSIDERED AS WELL.
AND SO ANY OTHER DISCUSS ABOUT ANTONIO? NO, I GOT IT.
TYRONE, CAN YOU REMIND US HOW THE A MI ARE DETERMINED FOR THE DIFFERENT HOME CELLS? SO WE WORK WITH THE DEVELOPERS.
FIRST ONE, THEY SUBMIT A PROPOSAL.
THEY DON'T, THEY DON'T SUBMIT, UM, IT BY A MI VANS BECAUSE WE DON'T HAVE THE A MI VANS LISTED ON, ON THE WEBSITE BY STATUTE WE'RE REQUIRED TO DO A CERTAIN AMOUNT OF, UM, HOUSING IN EACH A MI VAN.
AND, UM, WE ARE CONSTANTLY AWARE OF HAVING TO MEET OUR STATUTORY PERCENTAGES.
SO I TOLD HIM, I NEED YOU TO TAKE THREE, I NEED YOU TO TAKE ANOTHER ONE BECAUSE WE WE'RE GONNA GIVE YOU 81 TO ONE 15.
WE'RE GONNA GIVE YOU A 60 TO 80 AND WE'RE GONNA GIVE YOU A, UM, A 60% BELOW LOT.
AND WHAT WE DO IS WE LOOK AT THE NEIGHBORHOODS, MAKE SURE THAT WHAT WE'RE PUTTING IN THE NEIGHBORHOOD IS APPROPRIATE FOR THE NEIGHBORHOOD.
UM, ANTONIO'S ONE OF THE BETTER DEVELOPERS ABOUT THAT.
UM, AND WE, BUT WE'RE ALWAYS CONSTANT WHEN WE'RE MAKING AWARDS THAT WE HAVE TO HIT THESE PROCEDURES.
SO THEY'RE DETERMINED DURING THE PROCESS OF REVIEWING THE APPLICATION AND FIGURING OUT WHAT WE'RE GONNA BRING TO THE BOARD.
SO IN HIS CASE, WE JUST GAVE HIM ONE IN EACH A MI BAND THIS ONE BECAUSE WE DIDN'T OWN THE ONE THAT WAS 81 TO ONE 15.
HE WILL COME BACK NEXT MONTH AND WE'LL GIVE HIM 81 1 15% LIVE.
UM, QUESTION FOR YOU THEN, SIR.
UM, ARE THE PRICE POINTS SOMETHING THAT YOU CAN HIT GIVEN THE CONSTRUCTION COSTS AND MATERIALS AND INCREASING COSTS TODAY? LIKE HOW DO YOU COVER THAT AND THEN, UH, A PITCH TODAY WE FORMALLY OUTSOURCE OUR DOWN PAYMENT ASSISTANCE PROGRAM AT THE CITY TO BCL OF TEXAS.
AND SO AS A BROKER, I ENCOURAGE YOU TO REACH OUT TO THEM, UH, TO CONNECT WITH THEIR PIPELINE OF BUYERS FOR POTENTIAL DOWN PAYMENT ASSISTANCE FUNDS.
UM, WHICH DEPENDING ON THE PROGRAM RIGHT.
AND SO THERE'S JUST A, A POTENTIAL PARTNERSHIP THERE.
BUT JUST CURIOUS ON HOW THE, THE PRICE POINTS OF MAX SALES PRICES ARE IMPACTING YOUR ABILITY AND IF THERE'S IT'S ACHIEVABLE OR IF IT'S PUTTING SOME PRESSURE ON YOU, JUST WHEN DOES THE CURRENT MARKET? UM, NO, HE'S GOT HIS PRICE BREAKDOWN IN HIS PRESENTATION.
IT'S, IT'S, IT'S GETTING TIGHTER AND TIGHTER.
I MEAN, THAT'S WHY DOING TWO AT A TIME MAKES MORE SENSE.
UM, BUT YOU KNOW, IT MAKES, IT STILL MAKES SENSE.
ONE THING I'D LIKE TO TELL THE BOARD ABOUT ANTONIO AND HE, HE, HE IS ONE OF OUR, HE'S A MODEL DEVELOPER FOR THE LAND BANK PROGRAM.
EVERY PROJECT HE'S PRESENTED TO US HAS BEEN MORE THAN OUR MINIMUMS. HE NEVER GIVES US THE 1200 SQUARE FOOT ONE CAR GARAGE.
IT'S ALWAYS 1400, 1500 SQUARE FEET.
IT'S ALWAYS, UM, HE'S THE KIND OF DEVELOPER WE WANT COMING BACK TO THE PROGRAM.
AND HE DOESN'T COME IN AND ASK FOR 10 LOTS.
UM, I HAD TO BEG HIM TO TAKE THIS THIRD LOT.
HE WANTED, HE SAID, NO, I THINK I'M GOOD FOR TWO.
UM, BUT HE'S THE KIND OF DEVELOPER THAT WE WANT TO KEEP HAPPY.
ONE, COME BACK TO THE PROGRAM.
'CAUSE HE BUILDS QUALITY PRODUCTS.
UH, HE BUILT IT INCREDIBLY FAST AND WE HAD ABSOLUTELY ZERO ISSUES WITH HIM ON HIS FIRST BILL.
ANY OTHER DISCUSSION? I'LL HEAR MOTION.
SO CHAIRMAN, UH, I WILL, I'LL MOVE THAT.
LAND BANK, THE APPROVAL AND THE SALE OF TWO LAND BANK LIGHTS TO AE EQUITY GROUP LLC FOR THE DEVELOPMENT OF TWO AFFORDABLE HOUSING UNITS LOCATED AT, UH, 1512 MORRIS STREET AND 2306 HUDSON AVENUE NOW.
ANY DISCUSSION? ALL IN FAVOR? AYE.
ITEM NUMBER SEVEN, CONSIDERATION AND APPROVAL OF THE SALE OF FOUR LAND BANK PROGRAM.
LOTS TO FIRSTHAND ENTERPRISES.
LLC FOR THE DEVELOPMENT OF FOUR AFFORDABLE HOUSING UNITS LOCATED AT 2 3 1 5 WIL HURT AVENUE.
3 2 3, 1 DAHLIA DRIVE AND 4 0 0 PECAN DRIVE.
UM, FIRST LINE ENTERPRISES IS A DEVELOPER AND, AND THEY ARE DEVELOPED, PROBABLY DESERVE SOME SORT OF AWARD FOR PATIENTS.
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THEY FIRST SUBMITTED THEIR APPLICATION IN AUGUST OF 2024.AND THEY'VE BEEN WITH US THROUGH ALL THE, THROUGH ALL THE TRANSITIONS AND THE CHANGES.
AND WE HAD, UM, WE HAD SOME ISSUES GETTING EVERYTHING THAT WE, THAT, THAT WE NEEDED TO GET PRESENTED TO THE BOARD.
BUT WE'VE, THEY'VE ALSO BEEN WITH US THROUGH OUR CHANGE TO REAL ESTATE AND HOUSING.
THEY'VE BEEN THROUGH, UM, OUR ASSISTANT DIRECTOR CHANGE AND THEY, THEY, THEY'VE BEEN AROUND A WHILE.
UM, THEY SUBMITTED FOR I THINK NINE LOTS.
AND OF THE NINE LOTS THEY SUBMITTED, FOUR FIVE OF THEM ARE, ARE COMMITTED TO OTHER DEVELOPERS NOW ON OTHER APPLICATIONS.
SO WE'RE, WE'RE GIVING THEM FOUR LOTS OR RECOMMEND THAT THE BOARD GIVE THEM FOUR LOTS.
UM, THEY'VE BEEN AROUND, THEY'RE BASED IN GRAND PRAIRIE.
HE, HE HAS MORE THAN NINE YEARS OF EXPERIENCE, UM, SPECIALIZED IN GROUND UP RESIDENTIAL CONSTRUCTION ACROSS CFW.
THEY BUILT NINE HOMES IN THE LAST TWO YEARS MORE THAN MEETS OUR CRITERIA FOR BEING A QUALIFIED DEVELOPER.
UM, WE'VE LOOKED AT THEIR FINANCIALS, WE LOOKED AT THEIR TRACK RECORD, WE LOOKED AT THEIR HISTORY, AND WE ARE VERY COMFORTABLE RECOMMENDING THAT THE BOARD, UM, AWARD, AWARD THEM MEETS FOUR LOTS.
AND, UM, THEIR PERFORMER, WHICH TELLS HOW THEY'RE GONNA BUILD THE LOTS AND, AND, AND THE ORDER IS IN THEIR PRESENTATION.
AND I'LL LET JUSTIN GIVE HIS PRESENTATION, YOUR HONOR.
JUSTIN, BEFORE YOU DO THAT, UM, MR. UH, JUST CHAIRMAN, UH, MR. WILSON.
I, THERE WERE A LOT OF, THERE WERE A LOT OF ISSUES THAT WE, WITH SOME OF US WITH INTERNAL AND SOME OF US WAS GETTING INFORMATION THAT WE NEEDED, YOU KNOW, WITH A COMBINATION OF THINGS.
BUT SOME OF IT WAS, WAS INFORMAL.
UM, PART OF IT WAS, WAS WE'VE HAD A LOT OF ISSUES WITH THIS PARTICULAR APPLICATION.
UM, NOT ALL FOR THE FOLLOWING DEVELOPMENT.
SOME OF THE THINGS THAT HE PRESENTED TO US JUST WEREN'T IN THE FORM THAT WE NEEDED.
IT WASN'T SATISFACTORY FOR ME TO BE COMFORTABLE RECOMMENDING IT TO THE BOARD, SO HE HAD TO GO BACK AND REVISE SOME THINGS.
UH, IT'S JUST, WE, WE'VE BEEN WORKING ON THIS APPLICATION FOR A LONG TIME.
AND THE FIVE LOTS THAT OTHER DEVELOPERS KIND OF, UM, WERE ABLE TO SECURE, UH, WAS THAT IN THESE ORIGINAL ASK FOR THE BOARD? THEY WEREN'T HIS ORIGINAL ASK.
WE'VE HAD A CHANGE, WE'VE HAD A CHANGE THE PHILOSOPHY SINCE THEN.
SO NOW WHEN A DEVELOPER PAYS FOR AN APPLICATION, WE, WE TAKE IT OFF THE BOARD.
SO WE'VE TAKEN, UM, TAKEN SOME OF THE LIFE THAT THEY ORIGINALLY ASKED FOR OFF THE BOARD.
UH, SOME OF THEM, I DON'T KNOW, SOME OF THE ONES THAT HE ORIGINALLY ASKED FOR ARE NO LONGER AVAILABLE.
SO COMMISSIONER, WHEN, WHEN A BUYER POTENTIAL DEVELOPER SUBMITS AN APPLICATION TO PURCHASE, NOW IT'S MY UNDERSTANDING THAT THE LOTS THAT ARE INCLUDED IN THAT APPLICATION, THEY COME OFF THE MARKET.
SO THEY'RE NOT SEEN AS AVAILABLE 'CAUSE THEY'RE IN A PENDING APPLICATION.
IS THAT, IS THAT ACCURATE? THAT'S ACCURATE.
THAT WASN'T THE CASE WHEN HE FIRST PUT HIS APPLICATION IN.
SO WHEN HE PUT HIS APPLICATION IN THAT, THAT WASN'T OUR POLICY.
I KNOW IT'S BEEN, BEEN QUITE, QUITE SOME TIME, BUT I DO APPRECIATE YOUR JUSTIN.
JUSTIN, YOU CAN PULL THAT MICROPHONE.
I I WAS JUST SAYING THANK YOU TYRONE.
UH, I APPRECIATE THE, THE, THE RESPONSIVENESS OF BACK AND FORTH FOR A YEAR AND A HALF AND I REALLY APPRECIATE YOU BEING RIGHT THAT, UH, MY NAME IS JUSTIN MCW, THE OWNER OF PERSONAL ENTERPRISES.
UH, I'VE BEEN BUILDING FOR NINE YEARS.
UM, I STARTED IN 2017, ENDED UP MOVING TO FLORIDA FOR TWO YEARS, AND I ENDED UP COMING BACK TO THE DALLAS MARKET BECAUSE DALLAS IS MUCH MORE AFFORDABLE, FLORIDA.
UM, AND THEN I STARTED DOING HIGHEND HOUSES, UH, LIKE THROUGH THE NEIGHBORHOOD ABOUT LIKE IN THE URBAN, ABOUT WHAT ARE THE PARTS POINT, BUT THEN A LOT OF PEOPLE ON MY SOCIAL MEDIA SAYING, HEY, CAN YOU DO AFFORDABLE HOUSES? WE WANT YOUR VISION WITHIN THESE, UH, MORE AFFORDABLE MARKETS.
UH, SO THEN I HAD A FRIEND TELL ME ABOUT THE DALLAS, UH, LENDING.
AND THEN, SO I APPLIED AND, UH, HERE WE ARE NOW.
SO THESE HOUSES RIGHT THERE, UM, THE HOUSES I DID IN THE NEIGHBORHOOD OF, IN IRVING OF 180 3 AND LUKE 12, UH, MAJORITY OF ALL MY HOUSES ARE ALL BRICK.
UM, THOSE AROUND 4,000 SQUARE FEET.
AND THE ONE THAT YOU SEE ALL THE WAY TO THE RIGHT.
5, 5, 5 BOROUGH, UH, THAT WAS IN THE REDBIRD AREA OF DALLAS.
UH, THAT WAS 2,400 SQUARE FEET.
AND, UH, THAT ONE DO NOT HAVE, UH, SLIDE.
SO IF IT'S HARD FOR ME TO, TO SEE THIS, THE SPOT RIGHT HERE, BUT I KNOW 2215 WILL HURT, WAS IN THE 60% BELOW IN MY BAND.
[00:30:01]
AND I THINK THE REASON WHY THAT WAS SELECTED THEM MIGHT BEEN, I THINK THE SALES, THE TARGET SALES PRICE INSIDE THAT AREA ALREADY ALIGNED WITH THAT BAND AS WELL.AND THEN, UM, I WAS TOLD THAT BETWEEN 60, YOU HAVE TO HAVE TWO LOTS BETWEEN 61 AND 80% A MI.
AND THAT'S WHERE WE HAVE THE, UM, 3, 2, 3 DAHLIA AS WELL AS, UM, 4 1 2 BOBBY STREET.
UH, SO 4 1 2 BOBBY, AND FOUR OH TON DRIVE.
THEY'RE PROBABLY LIKE ONE OR TWO STREETS AWAY FROM EACH OTHER.
UH, THE BOTTOMS DISTRICT, UH, BOB, I LOVE THAT AREA, ACTUALLY DO HOUSES THERE RIGHT NOW, BUT NOT AFFORDABLE.
AND THAT AREA HAS A LOT, A A LOT OF POTENTIAL.
AND THERE'S A WHOLE BUNCH OF NEW CONSTRUCTION THERE AND THERE'S BARELY ANY OLD, OLD INVENTORY THERE.
UH, SO FOUR, UH, 400 PECAN IS THE 81 THROUGH 100
SO HERE IS A, ONE OF THE PLANS THAT I PLAN TO USE, UH, FOR 3 2 31 DAHLIA DRIVE.
THIS IS, UH, 13, I BELIEVE IT'S 13TH AT 400 SQUARE FEET, ONE CAR GARAGE.
UM, NOT SURE, UH, IF THIS ONE HAS A BRICK IN THE FRONT, BUT I KNOW THIS WAS A SIMPLE PLAN THAT I USED PROBABLY ABOUT FIVE YEARS AGO.
I WAS GOING REINTRODUCE, UM, FUNCTIONAL, ALL THE BEDROOMS HAVE, UM, EITHER TWO WINDOWS IN THERE.
UM, I GUESS THE, THE MASTER, THE PRIMARY BEDROOM ALSO HAVE, UH, A CONNECTION TO THE BATHROOM.
AND THEN THERE'S TWO BEDROOMS IN THERE THAT SHARE OF THAT.
AND THOSE, THAT FLOOR PLAN I PLAN TO USE FOR THE 60% BELOW IN MY BAND.
AND FOR THE ONE THAT'S THE, THE TWO BANDS THAT ARE 61 TO 80, I PLAN TO UP THE SQUARE FOOT TO 1600 SQUARE FEET, UM, AS INTENDED ON MY PERFORM.
UM, SO THIS JUST SHOWS THE, UH, THE SCOPE AND DESIGN OF WHAT'S REQUIRED FOR EACH OF 'EM.
UM, HARD FOR ME TO SEE THIS ONE, BUT, UH, IT JUST SHOWED THE SPECS BETWEEN EACH OF THE DIFFERENT BANDS AND, UH, JUST HOW WE PLAN SPLIT LIKE VINYL BLANK WITHIN ALL OF THE, UH, NO CARPET, UH,
UM, AND THEN THIS IS THE BREAKDOWN FOR EACH IN MY BAND, THE SQUARE FOOTAGE.
SO FOR THE 60% BELOW A MY BAND, UM, THAT'S A 1400 SQUARE FEET.
AND THEN BETWEEN A 61, 2 60, 61 TO 80%, UH, A MY BAND, IT IS, UH, 1400 TO 1600.
AND THEN THE, UH, 81 180 1 THROUGH 115 A MY BAND, IT'S, UH, MINIMUM GONNA BE 6,000 SQUARE FEET.
AND, UH, FOR THAT ONE, TYPICALLY WITHIN THE BOTTOM DISTRICT, UH, THEY HAVE SOME ARCHITECTURAL, UH, REGULATIONS THAT, UM, IF THE LOT IS NOT AT LEAST 40, UH, 40 FEET WIDE, IT WILL BE TUCK ABOUT TWO CAR GARAGE.
UH, BUT WE'LL SEE WHENEVER, UM, I GET WHO THE VIEW OF THE PERMITS ON THAT.
UM, SO THE, THE WAY I DELIVER THESE PRODUCTS AT THESE PRICE POINTS, UM, I USED TO BE ABLE TO BUILD HOUSES FAIRLY CHEAP AROUND LIKE A HUNDRED TO $115 PER SQUARE FOOT.
UH, LATELY I'VE BEEN HAVING TROUBLE AS, UH, THE COST OF INSTALLATION WENT UP DUE TO TARIFFS.
UH, BUT WITH THESE, I PLANNED ON JUST DOING THEM ALL AT THE SAME TIME AND THEN CARRYING A SCOPE OF WORK WITH MY CONTRACTORS THAT I'VE ALREADY UTILIZED ON ALL MY OTHER HOUSES.
UH, TYPICALLY WHAT THAT DOES IS THAT I, I COULD BUNDLE THREE OR FOUR HOUSES TOGETHER AND THE, THE PRICE PER SQUARE PIECE FOR LABOR ENDS UP BEING LESS IF I'LL JUST DO ONE.
UH, AND IN SENSITIZE THESE GUYS GO, HEY, I HAVE CONSISTENT WORK.
I, WHICH I TYPICALLY SHOULD ALWAYS WORK WITH.
SAME CONTRACT FOR THE PAST THREE, FOUR YEARS NOW.
UH, SO DEVELOPMENT, SO I WAS GONNA START THE, UH, PHASE ONE, WHICH WAS GOING TO BE, UH, 2315 WILL HURT.
SO I KNOW THE PERFECT PROCESS FOR ME.
I KNOW, UH, AND TONY SAID HE GETTING DONE WITHIN TWO WEEKS OR A MONTH FOR ME, I, IF I DON'T RS PAY FOR RSVP FOR MY PERMITS TO ME TYPICALLY TAKES A MONTH TO SIX WEEKS.
UH, BUT, BUT WITH THESE, UH, I'M HOPING THAT I COULD GET THESE DONE A LITTLE BIT FASTER, UM, IF THEY HAVE SOME SORT OF LIKE EXPEDITED PERMIT PROCESS 'CAUSE THEY'RE AFFORDABLE.
UM, BUT SO FOR PHASE ONE, I WAS GONNA START THAT WITHIN 60 DAYS OF GETTING THE PERMITS.
AND THEN PHASE TWO WAS GONNA BE CASCADED AND PHASE TWO AND PHASE THREE WAS GONNA BE, WELL, PHASE TWO WAS GONNA BE CASCADED 60 TO 90 DAYS AFTER THE FIRST ONE BEGIN.
SO, UH, WITH ALL THAT BEING SAID, MAJORITY OF ALL THESE HOUSES SHOULD BE DONE, UH, WITHIN
[00:35:01]
240 DAYS.SO THERE'S, UM, IF, IF YOU HAVE A HEAT PROPERTY THAT'S NOT INSIDE LIKE A FLOOD PLAIN, UH, YOU'RE ABLE TO PAY, UM, THE CITY THAT HAS LIKE RS AND P UH, EXPEDITORS, WELL, THAT WAY YOU, YOUR PERMITS GET APPROVED IN ONE OR TWO DAYS OF CORPORATE.
THEIR FACTOR AND COST FACTOR ASSOCIATED WITH THAT, UM, COST FACTOR, I, I THINK IT'S LIKE $600, I THINK LIKE $600 MORE.
UH, THE, THE RVPP WAS ON 5 7, 7, THAT EIGHT ON MY LAST FEE PERMITS.
AND, UM, I, I TYPICALLY DO IT BECAUSE, UH, IT'S QUICKER.
YOU KNOW, IT'S FASTER IF YOU, IF YOU, IF YOU HAVE A LOAN ON YOUR PROPERTY, YOU CAN THEN SAVE INTEREST.
SO IT, IT MAKES SENSE TO, TO PAY THAT FEE.
UH, BUT I KNOW ON A FEW OF THESE I'M NOT ABLE TO BECAUSE ONE OF THEM ARE, OR TWO OF THEM IS IN THE FLOOD PLAIN, BUT I'M ONE OF THEM.
UM, BUT I, I, I DON'T, I DON'T MIND, I ALWAYS THINK THAT, THAT, THAT SERVICE SAVES ME TIME BECAUSE AS A DEVELOPER WE HAVE INTEREST, WE HAVE PAYROLL.
IT MAKES IT QUICKER FOR US TO GET STARTED UNDER BROADWAY.
UH, ONE MORE MR. YOU RECOMMEND, UM, THE RED BIRD PROPERTY WASN'T PART OF THE LAND BANK, SO YOU BUILT THAT AS A YES.
SO THE RED BIRD PROPERTY, UM, IT CAME FROM MY LENDER.
SO I ALSO DO WORK FOR MY LENDER.
SO MY LENDER, HE, UH, IT'S CALLED BORN RANGER CAPITAL, BUT THEY FORECLOSED ON PROPERTIES THAT, THAT THE BUILDER WASN'T UNABLE TO BUILD.
AND UH, SO I'M, I'M A TRUSTED CONTRACTOR FOR THEM.
SO THAT, THAT RENT PROPERTIES WAS ONE OF THEIRS.
THERE WAS A HOUSE ON IT, SO I TORE IT DOWN AND JUST BUILT IT.
AND IT'S ACTUALLY LIKE SELLING NEXT WEEK.
UH, BUT YEAH, I, I DO WORK FOR THE LENDER AND THAT, THAT WASN'T MY PARTICULAR PROPERTY, BUT I WAS A, A CONTRACTOR ON IT FOR THE LENDER.
I I JUST FLAG CALLS THAT GOES UP FOR ME WAS NO BRICK.
SO, UH, THE, THE LENDER HAD A BUDGET ON THERE.
I WAS LIKE, IT IT WOULD SAVE YOU ABOUT 10,000 IF YOU SAID YOU DID NOT DO BRICK.
UH, THAT, THAT'S JUST, THEY GAVE ME THE PLANS.
BUT I, I TYPICALLY DO BRICK, BRICK IN MY HOUSES AS, AS LONG THE GOES.
AND, AND BRICK, I, I DO APPRECIATE BREAK 'CAUSE IT LASTS TO TEST OF TIME.
I BELIEVE IT BETTER THAN STUCCO, UH, THAN ALL THESE OTHER PRODUCTS THAT YOU SEE, UH, COMING OUT.
THANK, THANK YOU, MR. DIRECTOR LU, DID YOU WANT TO SPEAK TO THE RSS, UH, THE RSVP OR THE EXPEDITED, UH, PERMITTED PROCESS THAT THE DEVELOPER WAS SPEAKING TO? OR IS IT ACCURATE WHAT HE WAS SAYING? JUST IF IT'S, IF IT'S NOT IN A FLOOD ZONE, YOU CAN PAY FOR, WE GOT SERVICE.
BASICALLY, IF IT IS IN THE FLOOD ZONE, YOU SHOULD HAVE TO GO THROUGH THE REGULAR PROCESS.
UH, BECAUSE THAT'S, UH, I DON'T KNOW HOW MANY, BUT SOME OF THE, SOME OF THE PROPERTY IN THE FLOOD ZONE, IT HAS TO BE REVIEWED.
THAT'S JUST A PUBLIC SAFETY, UH, WE HAVE TO DO.
BUT OTHER THAN THAT, IT'S PRETTY FAST.
IT'S A DEDICATED, UH, UM, SECTION JUST FOR THE AFFORDABLE HOUSING.
UM, I, I HOPE DAD HAVE A, A GOOD EXPERIE.
IF NOT, YOU CAN COME BACK NEXT MONTH AND YOU CAN TALK TO US ABOUT IT.
SO, UM, I, I DO APPRECIATE THE FORM AND WHAT YOU GUYS ARE DOING.
UM, IT'S, IT IS A WIN-WIN FOR EVERYBODY.
A WIN FOR DEVELOPERS TO GET CHEAP LAND.
IT'S A WIN FOR CITIZENS, UH, TO COME INSIDE DALLAS AND BE ABLE TO LIVE IN, UH, IN GOOD AREAS.
AND THEN IT'S ALSO WENT FOR THE CITY OF DALLAS TAKING, UH, LAND THAT, THAT HAS NO VALUE.
BUT NOW, UH, BUILDING A PRODUCT ON THERE AND GETTING A TAX REVENUE AS WELL.
SO IT IS, UH, I THINK IT'S A GREAT PRODUCT PART OF IT.
I ACTUALLY NEED TO POINT OUT TO THE BOARD ANOTHER THING ON YOUR MEMOS THAT, THAT YOU NEED TO BE AWARE OF.
ON PAGE TWO OF BOTH OF THE MEMOS, IT SAYS TARGETED INCOME OF HOME BUYERS 60 TO ONE 15%.
UH, BY STATUTE WE'RE REQUIRED TO DO 25% OF OUR PROPERTIES FOR 60% OR LESS.
AND THE CITY COUNCIL HAS, UM, URGE US AND, AND TO, TO DO MORE IN THAT AREA.
AND, BUT THEY'VE ALSO DIRECTED US THAT THEY THINK BELOW 40% IS AN AREA WHERE WE'RE GETTING INTO TROUBLE, MAYBE WITH HOME OWNERSHIP BECAUSE OF THE TAXES AND THE, THE, THE ANCILLARY COSTS THAT CALL ON HOME OWNERSHIP.
SO WE TARGET BY 40 TO ONE 15%, UM, A
[00:40:01]
MI RANGE NOT 60 TO ONE 15%.WE HAVE TO DO BELOW 60%, 25% OF THE PROPERTIES.
SO ON PAGE TWO OF YOUR ACTION ITEM SEVEN AND SIX.
BOTH OF THOSE MEMOS SAYS PARTY'S INCOME AT THE BOTTOM OF THE PHONE BY 60 TO ONE 15% SHOULD SAY THAT SHOULD BE 40 TO ONE 15%.
AND COMMISSIONER PRICE, JUST SO I UNDERSTAND YOUR DESIRE, ARE YOU ASKING US TO REQUIRE BRICK ON THESE HOMES OR, OR NO.
I, I THINK HAD RECORDS CLEARED BECAUSE OF SUSTAINABILITY, BECAUSE OF CII LOVE SEEING THAT.
I ALWAYS ASK DEVELOPERS, YOU KNOW, YOU KNOW, WHAT'S THE ADDITIONAL COSTS, UH, WITH REGARD, I, I'D LOVE TO SEE, I MAY BE, I MAY BE IN THE MINORITY MINORITY ON THAT, BUT AT SOME POINT IN TIME, YOU, YOU DON'T EXPECT A, A, A, UH, HOME BUYER.
UH, THERE'S SOME CHALLENGES ANYWAY.
AND THEN WE EXPECT IT TO BE IN THERE PROBABLY, YOU KNOW, AT LEAST FIVE TO 10 YEARS.
AND I'M GONNA TELL YOU, YOU KNOW, I HAPPEN TO LIVE IN A CYPRESS, YOU KNOW, THEY DON'T MILL CYS ANYMORE.
I LIVE IN 114 YEAR OLD CYPRESS HOUSE.
YOU KNOW, I, I CAN PAINT IT ONCE OR TWICE AND IT'LL, IT'LL HOLD THIS, THIS NEW STUFF THEY'VE GOT AND, AND FIVE, SIX YEARS, I THINK IT'S JUST GONNA BE, BUT THAT'S JUST MY, MY, I'M, I'M IN MY MINORITY OPINION.
ARE WE TALKING ABOUT A HUNDRED PERCENT BRICK OR 85% BRICK? 75% BRICK.
AND, YOU KNOW, SIDING AND HARDY BOARD ARE TWO DIFFERENT THINGS.
PARTY BOARD IS, IS IS STURDY AS CONCRETE? WELL, IT IS.
I DON'T WANT TO DISCOURAGE DEVELOPERS, YOU KNOW, AND I AGREE.
COMMISSIONER PRICE, I THINK THE BRICK IS, IS MORE DURABLE AND SUSTAINABLE, BUT WE ALSO HAVE CERTAIN, YOU KNOW, TARGET SALES PRICE THAT WE'RE FIGHTING AGAINST AND INCREASING CONTRACTOR COSTS.
AND SO IT'S JUST, YOU KNOW, WHAT'S THE BALANCE? WHAT'S TO HAPPEN? RIGHT.
AND THAT AND MR. MR. CHAIRMAN, THAT'S WHAT I WANNA HEAR FROM.
I WOULD LIKE TO PUT TWO THINGS.
ONE, UH, THERE'S STATE LEGISLATION THAT DOES NOT ALLOW US TO, UH, SELECT BUILDING MATERIALS ANYMORE.
UM, AND SECOND, UH, I'D LIKE TO UPLOAD THE WORK THAT EMILY'S WORKING ON ON SOME PRE-APPROVED DESIGN PLANS THAT COULD BE UTILIZED AND OFFERED TO SOME DEVELOPERS IN THE FUTURE THAT COULD HAVE SOME ELEMENTS IN IT, BUT ALSO ARE, UH, STATE LEGISLATION PLAN.
YEAH, BUT THOSE ARE INCENTIVE BASED.
YOU'RE WORKING ON PREFAB DESIGN PLANS.
PRE-APPROVED PLAN, MEANING WE WORK WITH THE COMMUNITY AND, AND CERTAIN ARCHITECT TO DEVELOP SOME, UH, THE, UH, FLOOR PLANS, INCLUDING ELEVATION.
UH, IF THE DEVELOPER DECIDE TO USE THAT, THEY DON'T HIRE, HAVE TO HIRE THEIR OWN ARCHITECT, THEY JUST GET IT.
JUST GO GET PERMIT RIGHT AWAY.
JUST SO THERE'S A NUMBER OF, UH, REASONS.
ONE IS SAVE MONEY FOR THE DEVELOPERS.
THEY DON'T HAVE THEIR OWN ARCHITECT, UH, OR, UH, TO PURCHASE THEIR OWN PLAN.
SECOND IS, UM, THE IMMEDIATE PERMIT, BECAUSE THAT PLAN ALREADY APPROVED.
AND YOU HAVE THESE AVAILABLE NOW OR NO? WE ARE WORKING ON THAT.
WE ARE WORK, UH, WORKING WITH, UH, INTERNAL STAFF AND ALSO A, UH, ALSO WORKING ON THAT.
I CAN GIVE YOU AN UPDATE LATER.
THAT, THAT'S MR. CHAIRMAN, THAT, THAT'S ALL
WANT LITTLE CITATION ON THAT STATUTE BECAUSE UM, SOMETHING TELLS ME I'M GONNA TRY TO FIGURE OUT HOW TO DO SOMETHING DIFFERENT TWO LEGISLATIVE CYCLES AGO.
WE CAN PULL THOSE FOR YOU ON THAT.
CAN YOU SEND IT TO ALL OF US? YEAH.
YEAH, THAT ONE HIT PRETTY HARD.
'CAUSE IT AFFECTS LIKE HISTORIC PRESERVATION AND ELEMENTS AND TERMS OF HOW CITIES, UH, WELL YOU CAN STILL HISTORIC.
I ASSUMING WE DON'T HAVE ANY THEM THAT PROBABLY HISTORIC PRESERVATION, MAYBE OCCASIONALLY WE DO.
IT IS A CHALLENGE WITH, WITH, WITH OUR
IT'S, THE PROCESS IS FREE, BUT IT TAKES TIME.
UM, IT'S A PUBLIC HEARING PROCESS.
SO, UH, TYPICALLY ON A COURT HOUSE TO TO, TO BREAK THE WHOLE FACADE, IT IS 10 TO 15,000.
UM, THAT INCLUDES THE BREAK, THE SAND AND THE NEIGHBORHOOD AND ALL THE S THAT YOU NEED AS WELL.
[00:45:01]
YOU JUST BREAK THE FRONT, YOU COULD, YOU COULD GET IT UNDER THE 5,000.AND WHILE I'M NOT TRYING TO GET INTO THE PRICE POINTS, THAT'S PR MR. CHAIRMAN, THAT'S, THAT'S DE MINIS WHEN WE TALK ABOUT LONG TERM YEAH.
AND THE VIABILITY OF NEIGHBORHOODS.
AND SO YOU WANT PUT THAT ON A FUTURE AGENDA? I'M GOING GIVE SOME FUTURE LEGISLATION BASED ON WHAT HE, I WANNA SEE THE LEGISLATION.
WE ALL, I DON'T SEE THE LEGISLATION.
WELL I'M HAPPY TO BRING IT BACK FOR DISCUSSION AND ABOVE IF THE WORD IS AMENABLE TO IT.
I'LL FIGURE OUT THE LEGISLATION.
AND WHAT, WHAT I COULD DO IS THE MINE.
I, I GUESS I CAN, I CAN BREAK THE WHOLE FRONT OF ALL THE HOUSES THAT I APPLIED.
COMMISSIONER PARK, I VOTE I'M NEXT.
ALRIGHT, THERE'S NO FURTHER DISCUSSION.
WERE YOU DONE MR. JUSTIN, DID YOU HAVE ANYTHING ELSE YOU WANTED SHARE? NO, I'M GOOD.
LEMME, UH, MR. CHAIRMAN, UH, S GOING YIELD AND LEMME MOVE THIS MOTION WITH REGARDS TO, UH, ITEM NUMBER SEVEN AND CONSIDERATION OF FOR LAND BANK LOSS.
THE FIRST LAND ENTERPRISE LLC FOR THE DEVELOPMENT OF FOUR AFFORDABLE HOUSING UNITS LOCATED AT 2315.
WILL FOUR 12 BOBBY STREET, 32 31 DAHLIA DRIVE, AND FOUR OH PEON.
HAVE A MOTION AND A SECOND FURTHER TO DISCUSSION.
ALRIGHT, MOVING TO OUR NEXT ITEM, WHICH IS A BRIEFING.
ITEM EIGHT IS THE DISCUSSION AND REVIEW OF PROPOSED NEW DEVELOPER LOCK AWARD PROCESS.
OR IF YOU REMEMBER, THIS IS SOMETHING WE REQUESTED AT THE LAST MEETING TO BETTER UNDERSTAND THE, UH, THE NUMBER OF PROPERTIES THAT EXPERIENCED DEVELOPERS ARE ABLE TO GET, UH, FROM THE LAND BANK AS FAR AS OUR APPLICATION PROCESS.
AND SO I KNOW THE CITY STAFF WORKED ON THIS PRESENTATION FOR YOU ALL AND OUR, I GUESS TYRONE, YOU'RE GONNA PRESENT IT.
TYRONE IS GONNA PRESENT THIS INFORMATION TO THEM.
WE, THIS IS NOT AN ACTION ITEM, SO IT'S JUST INFORMATIONAL FOR US TODAY.
AND WE STARTED THIS PROCESS, I THINK IN MAY OF LAST YEAR WHEN WE BROUGHT TO THE BOARD, THEY TALKED ABOUT A TIER PROCESS.
AND WE, WE BROUGHT YOUR MEMO, REFERENCES THE MEMO TO THE BOARD FROM MAY 28TH, 2025.
UM, I NEGLECTED TO INCLUDE THAT IN THE BOARD PACKET, BUT I DID HAVE THOSE JUST BY WAY OF MEMORY.
YOU GUYS ASKED US TO GO BACK, LOOK AT IT AGAIN, COME BACK WITH, WITH, WITH SOMETHING, WITH SOME, UM, SOME MORE DEFINED CRITERIA, SOME MORE AND SOME MORE DETAILS.
AND KIMBERLY
SO THE PURPOSE IS JUST TO PRESENT A FRAMEWORK, JUST WE HAVE A STANDARDIZED FRAMEWORK FOR DEVELOPERS FOR LOT BOARDS INSTEAD OF BOARD HAD THIS UNOFFICIAL POLICY WHERE WE WOULD ONLY GIVE NEW DEVELOPERS ONE LOT, GENERAL COST, SOME CONSUMMATION.
AND NO MATTER WHAT THE SIZE OF DEVELOPER, THE MOST WE WOULD GIVE THEM IS FIVE MONTHS.
THAT'S KIND OF BEEN AN UNOFFICIAL POLICY FOR THE TWO YEARS THAT I'VE BEEN.
UH, SO WE, WE LOOKED AT FREE MAPPING THAT PROCESS.
SO I, SO THIS PROGRAM ATTRACTS A, A WIDE RANGE OF DEVELOPERS.
WE GET SOME DEVELOPERS WHO BEEN PROGRAM A LOT OF DEVELOP 30, 40 HOUSES THROUGH THIS PROGRAM.
AND WE GET LOTS OF DEVELOPERS LIKE THESE TWO WHO, UH, WHO ARE NEW TO THE PROGRAM, WHO BUILT FEW HOUSES, HEARD ABOUT THE PROGRAM, ARE INTERESTED IN THE AFFORDABLE BOX AND, AND WANT TO PARTICIPATE.
UM, OUR CURRENT PRACTICES JUST, JUST DON'T, UM, THEY DON'T CONSISTENTLY ALIGN THE AWARDS.
WE GIVE THE LOCKS TO THEIR DEVELOPER CAPACITY.
FOR INSTANCE, WE'VE HAD DEVELOPERS LIKE HE HABITAT HUMANITY COME IN AND WE ARE A, A SIMILAR ORGANIZATION, BUILT A LOT OF HOUSES SOMEWHERE ELSE, AND WE LIMIT THEM TO ONE LOT BECAUSE IT'S THEIR FIRST LAND BANK.
AND I KNOW THE BOARD HAS EXPRESSED SOME, SOME, SOME ANGST ABOUT THAT IN THE PAST.
SO WANTED TO GET SOMETHING TO ADDRESS SITUATIONS LIKE THAT.
IT'S, IT'S REALLY SLOWED THE PACE OF OUR LOT, UM,
[00:50:01]
DISTRIBUTION.'CAUSE WHEN WE'RE LIMITING NEW DEVELOPERS TO ONE LOT, JUSTIN, JUSTIN, UH, WALEY WOULD'VE BEEN LIMITED TO ONE LOT LAST YEAR.
UM, AND EVEN IF SOMEONE COMES IN LIKE A BIG DEVELOPER, THEY WERE LIMITED TO FIVE LOTS.
SO WE REALLY LIMITED THE NUMBER OF LOTS IF WE COULD GET RID OF WHICH, WHICH WE'RE TRYING TO ADDRESS.
TRY TO GET A STRUCTURE FRAMEWORK JUST IN COMPUTE CONSISTENCY, IMPROVE TRANSPARENCY, UM, SLIDE.
SO OUR PREVIOUS PRACTICE DIDN'T FULLY ACCOUNT FOR EXPERIENCE OR WE JUST KIND OF HAD THOSE TWO, THE DEVELOPERS OF THE PROGRAM.
OR YOU COULD GET UP TO FIVE LOTS AND IT WAS GIVING EXPERIENCE.
DEVELOPERS SOMETIMES WANT BUY, THEY, THEY COULD HANDLE MORE CAPACITY AND IT COULD HELP THEM WITH, WITH THEIR SCALE TO MEET SOME OF THEIR BUDGETARY TIMELINES.
I WILL TELL YOU, WE, WE, AS INFORMAL PROCESSES BEEN A TRANSPARENCY AND CONSISTENCY AND REWARD.
UM, WE'VE BEEN VERY INTENTIONAL WITH YOU GUYS ABOUT, AND, AND WITH THE DEVELOPERS ABOUT BEING CONSISTENT AND TRANSPARENT.
UH, WE, I THINK OVER THE LAST TWO YEARS WE'VE DONE A VERY GOOD JOB OF THAT.
UH, IT'S JUST THAT THE POLICY WAS WHAT THE POLICY WAS.
SO THE POLICY WAS WE GIVE THEM A LOT TO DEVELOPERS AND WE DON'T GIVE ANYBODY FIVE.
SO I THINK WITH THIS AND MAKING THIS KNOWN FOR DEVELOPERS THAT'LL HELP WITH THAT.
WE REACHED OUT TO OUR PEER LAND BANK.
SO I TALKED TO A FEW LAND BANKS.
KIMBERLY TALKED TO A LOT OF LAND BANKS.
SHE REACHED OUT TO LAND BANKS IN OHIO, COOK COUNTY, ILLINOIS, COLUMBUS, KANSAS CITY.
UM, HOUSTON AND ATLANTA ARE TWO MOST SIMILAR TO DALLAS IN TERMS OF SIZE.
AND THE GOOD THING ABOUT HOUSTON IS THEY OPERATE IN TEXAS EVEN THOUGH THEY OPERATE UNDER A DIFFERENT PART OF THE STATUTE THAN WE DO.
THEY, THEY OPERATE UNDER OUR STATUTE ALSO.
UM, THEY HAVE A LITTLE MORE FLEXIBILITY BECAUSE THE PART OF THE STATUTE THAT ADDRESSES CITIES OVER 2 MILLION PEOPLE, ALLOWS A FEW MORE THINGS THAN WE CAN DO.
AND THAT, THAT REALLY IS ONLY HOUSTON.
UM, BUT THEY'RE THE MOST COMPARABLE LAND BANKS TO US, UH, JUST IN TERMS OF SIZE AND THE POPULATIONS THEY SERVE.
AND WE, WE HEAVILY BASE THIS OFF OF THE HOUSTON MODEL AND WHAT THEY'RE DOING UNDER THE TEXAS.
SO THE HOUSTON MODEL, THEY HAVE BASICALLY A STARTUP BUILDER AND ESTABLISHED BUILDER AND A MASTER COMMUNITY BUILDER.
THEIR STARTUP BUILDER CAN GET, UH, UP TO FOUR LOTS PER APPLICATION, BUT CAN HAVE NO MORE THAN EIGHT LOTS AT A TIME.
THEIR ESTABLISHED BUILDER CAN HAVE 12 LOTS IN EACH ROUND.
THEY HAVE ROUNDS BUT CAN HAVE NO MORE THAN 24 LOTS AT ONE TIME.
AND THEN THEY HAVE THESE MASTER COMMUNITY BUILDERS WHO ARE ELIGIBLE TO PURCHASE, UM, CONSOLIDATED LOTS, WHICH SOMETIMES THEY HAVE THESE LARGE PLOTS WHERE YOU CAN DO WHOLE NEIGHBORHOODS, UM, AND THEIR MASTER BUILDERS CAN CAN GROUP THOSE TOGETHER TO
SO THAT FORM OF BASIS FOR WHAT, WHAT WE WERE LOOKING AT.
UM, AND IF YOU GO TO THE NEXT SLIDE, YOU LOOK AT THE SYSTEM THAT WE ARE PROPOSING, WE HAVE THREE TIERS, BASICALLY.
ONE TIER WOULD BE NEW, DEVELOP UP TO FIVE LOTS PER APPLICATION, A MAXIMUM OF FIVE LOTS AT ANY TIME.
THAT'S FOR A SMALL OR EMERGING DEVELOPER.
UM, THAT WOULD BE SOMEBODY LIKE ANTONIO EVERETT WHEN HE CAME UP THE FIRST TIME COMPETE AWARD HANDLED UNDER THIS NEW POLICY, ONE TO FIVE LOTS.
UM, TIER TWO AND JUST QUESTION.
YEAH, IT WOULD ALWAYS STILL BE BASED ON EXPERIENCE, BACKGROUND, FINANCIAL CAPACITY AND EVERYTHING THAT'S ALREADY, YEAH, FINANCIAL CAPACITY WOULD BE, WOULD FEEL THE SAME IF WE HAVE TO BE COMFORTABLE THAT THEY CAN DELIVER ON WHAT THEIR PROPOSAL.
UH, BUT WE WOULDN'T, LIKE A DEVELOPER SAID LIKE ANTONIO, IF HE CAME IN AND HE WANTED TO GET 10 LOTS, WE JUST HAVE TO MAKE SURE THAT HE HAD THE FINANCIAL CAPACITY, THAT WE FELT THAT HIS PERFORMANCE AND HIS TIMELINES THAT HE COULD DELIVER, UH, BASED ON WHAT HE'S DONE IN THE PAST ON TIER TWO WOULD BE SIX TO 10 LOTS PER APPLICATION WITH A MAXIMUM OF 10 LOTS AT ANY TIME.
AND THIS BOARD HAS DONE A LOT OF PROJECTS IN THAT RANGE, IN THAT SIX TO 10 LOT RANGE.
I DON'T KNOW IF YOU GUYS REMEMBER MASSIVE DESIGN OR COMPANIES LIKE THAT COULD DELIVER 10 LOTS AND MANAGE MULTIPLE PROJECTS AT THE SAME TIME.
THAT WOULD BE A LOT OF DEVELOPERS WHO'VE BEEN IN THE PROGRAM BEFORE.
KW PROPERTIES, WHO'S, WHO'S DONE, KNOWS THE PROCESS AND DELIVERED, AND WE KNOW THAT THEY, THAT THEY CAN DELIVER THE PRODUCT.
[00:55:01]
THE 11 TO 15 LOTS PER APPLICATION, UH, EXPERIENCED DEVELOPERS WITHIN AT LARGE SCALE.IF SOMEBODY LIKE, UH, THE HABITAT CAME ON BLOCK 15 LOTS, UM, AND, AND WE DECIDED THAT BASED ON WHAT
SO THE DIFFERENCES PREVIOUS POLICY VERSUS PROPOSED POLICY PREVIOUSLY, NEW DEVELOPERS COULD ONLY GET ONE LOT.
NOW WE'RE, IF THEY NEW TO THE PROGRAM, WE STILL CATEGORIZE THEM BY EXPERIENCE, BY THEIR CAPACITY.
UM, PREVIOUS POLICY, WE NEVER RECOMMENDED MORE THAN FIVE LOTS TO DEVELOPERS COULD ALWAYS APPLY FOR MORE THAN FIVE, BUT THE STAFF WOULD NEVER RECOMMEND THIS ONE.
WE, WE, WE'LL ALIGN THERE A LOT OF AWARDS WITH THIS NEW TIER STRUCTURE.
UM, PREVIOUS PRACTICE WAS INFORMAL.
I MEAN, WE PRETTY MUCH RUN A MOM AND POP SHOP.
WE HAD TWO PEOPLE, THREE PEOPLE ON LAND BANK, AND WE WERE ALSO RUNNING THE CAP PROGRAM AT THE SAME TIME.
UM, THIS WILL GIVE US A STANDARDIZED EVALUATION.
UM, OUR SUPPORT FRAMEWORK THAT WE USE WILL CONTINUE TO USE THAT, BUT IT WOULD JUST BE A MORE FORMALIZED AND MORE STANDARD, MORE STANDARDIZED PROCESS.
AND BEFORE WE HAD NO FORMAL CAPACITY ALIGNMENT.
AND THIS WILL JUST BE TRANSPARENT AND CONSISTENT AND, UM, THE DEVELOPERS WILL, THE DEVELOPERS WILL KNOW AND THE BOARD WILL BE ABLE TO SEE THIS.
UM, THIS IS THE WAY WE TOUR DEVELOPER EVALUATION CRITERIA.
NOT VERY DIFFERENT FROM WHAT WE DO NOW.
THEY, THEY GET 30 POINTS FOR THEIR EXPERIENCE, 30 POINTS FOR THE SUMMARY OF THE PROJECT.
UH, THEIR FINANCIAL OPERATION AND CAPACITY, 30 POINTS AND THEIR DESIGN CONSIDERATION TENURE.
THEY NEED THE TOTAL OF 85 POINTS BEFORE WE RECOMMENDED IT TO THE BOARD.
ANYBODY SCORING EIGHT TO 84 POINTS WOULD BE CONSIDERED AN ADDITIONAL REVIEW.
AND, UM, THE QUALIFIED DEVELOPERS, THEY REMAIN ELIGIBLE TO PARTICIPATE.
THEY REMAIN ELIGIBLE FOR PARTICIPATION JUST BASED ON THEIR PERFORMANCE, THEIR COMPLIANCE, AND THEIR UPDATED FINANCIALS.
SO WHEN THEY CAME BACK TO US FOR ADDITIONAL LOTS, ALL THEY NEED TO DO IS, IS SUPPLY US WITH, WITH PROOF THAT THEY HAVE THE CAPACITY IF THEY AND THE SATISFACTORY PERFORMANCE RECORD, AND THEY WOULDN'T NEED TO GO BACK TO THE ENTIRE PROCESS.
UH, THE SAFEGUARDS TO THIS POLICY, THE DEVELOPERS HAVE TO MEET THE QUALIFICATION REQUIREMENTS PRIOR TO THE LOT OF AWARDS.
UM, WE USE THE STANDARDIZED SCORING, UM, STAFF USING THE, THE, UM, DATA MANAGEMENT SYSTEM THAT YOU HAVE
SLATE WILL MONITOR DEVELOPMENT, PROGRESS AND COMPLIANCE.
AND THE FRAMEWORK PROMOTES ACCOUNTABILITY AND RESPONSIBLE RESPONSIBLE DEVELOPMENT.
WHAT THEY, WE, THEY STILL WILL BE REQUIRED TO PROVIDE REGULAR UPDATES, UM, THROUGH OUR SLATE SYSTEM, OUR COLUMN SYSTEM THAT YOU GUYS APPROVE.
UM, THEY STILL HAVE TO COMPLY WITH OUR TIMELINES AND IF THEY FAIL TO PERFORM, WE STILL, WE STILL HAVE THE RIGHT TO REVERT THEIR LOCKS AND REVOKE THEIR AWARDS AND MAKE THEM BE ELIGIBLE FOR FUTURE AWARDS.
SO, UH, IN SUMMARY, THIS JUST INTRODUCES A TIER SYSTEM BASED ON EXPERIENCE AND CAPACITY.
IT ALIGNS A LOT OF AWARDS WITH THE DEVELOPER CAPACITY, CREATES A FRAMEWORK THAT STANDARDIZED AND IT MAINTAINS THE SAFEGUARDS TO ENSURE RESPONSIBLE, RESPONSIBLE DEVELOPMENT.
AND WITH THAT, I WILL TAKE ANY QUESTIONS, MR. CHAIRMAN? UM, UH, FIRST OF ALL, I WANT MR. WILSON.
HE, HE LISTENED TO THIS BOARD AND, UM, TRIED TO BROACH A POLICY THAT MEETS NOT ONLY THE NEEDS OF THE, OF WHAT THIS BOARD THINKS IN TERMS OF ITS MISSION AND ALIGNMENT, BUT ALSO THE, THE COMMUNITY AND, AND, AND AWARDS THOSE DEVELOPERS WHO ARE IN FACT PERFORMING.
THE ONLY THING I WASN'T ABLE TO GLEAN, UH, I KNOW THAT THIS BOARD HAS HISTORICALLY, YOU KNOW, PUT GUARDRAILS WITH REGARDS TO TIME PRODUCTION.
AND I THINK THAT'S PART OF OUR IS THAT HOUSTON NOW THAT SAME DEAL? IN OTHER WORDS, TIME TIMELINE IN TERMS OF HOW THEY, HOW THEY PERFORM? YES.
THEY DO HAVE TIMELINE FOR THE BILLS.
AND I'LL TELL YOU JUST, I KNOW YOU SAID THANK ME, BUT KIMBERLY HEIM HAD A LOT TO DO WITH THIS PRESENTATION.
UM, I I, I'D BE REMISS IF I DIDN'T THANK HER AS WELL.
[01:00:01]
ACTUALLY, UM, HAD A LOT OF INPUT ON, ON FINALIZING THIS AS WELL.SO THIS WASN'T, THIS ISN'T JUST A CREATION.
SO ASHLEY, KIM AND, AND KATHY HERE IN THE, IN THE AUDIENCE, THANK THANKS TO THE TEAM THAT THIS BOARD IS, HAS EXPRESSED OVER THE YEARS SOME CONCERNS.
AND Y'ALL HEARD, SO THAT'S, ANY OTHER QUESTIONS ABOUT THE BREAKING? UH, THANKS FOR BRINGING THIS FORWARD, TYRONE AND STAFF.
YOU KNOW, WITHOUT BEING ABLE TO REALLY DIVE DEEP INTO THE CRITERIA, UH, I, I HOPE THAT THERE WILL BE SOME ELEMENTS OF SCORING POINTS FOR HOW DESIGN FITS INTO THE COMMUNITY OR HOW IT ALIGNS OR UPLIFTS A PD OR, UH, A COMMUNITY APPROVED PLAN OR SERVES, UM, CERTAIN POPULATIONS LIKE SENIORS OR, YOU KNOW, OR THEY PARTNERED WITH SOMEONE GOING THROUGH FINANCIAL COUNSELING, RIGHT? SOME OF THE ADDITIONAL ELEMENTS THAT COULD BRING SOME CAPACITY OR AWARENESS THAT THE DEVELOPER IS BUILDING AFFORDABLE HOUSING, BUT ALSO WORKING TO UPLIFT THE COMMUNITY, RIGHT? SO SOME OF THOSE OTHER ELEMENTS THAT EVERYONE KIND OF DOES, BUT WE CAN BRING SOME OF THOSE NARRATIVES TO LIFE.
I THINK THAT WOULD BE REALLY HELPFUL.
I TELL YOU, WE DON'T DO THAT NOW IN OUR SCORING.
WE ASK THEM FOR THAT IN THEIR APPLICATION WITH WHAT? FOR, FOR THOSE SORTS OF THINGS.
I CAN SEND YOU THE STORY MODEL THAT WE USE AND MAYBE WE CAN RE REVAMP IT OR UPDATE IT TO INCLUDE SOME OF THOSE THINGS.
AND JUST IN, IN TERMS OF LIKE, DID THEY DO ANY COMMUNITY ENGAGEMENT? DID YEAH.
WHEN THEY GET INFORMED, RIGHT? ESPECIALLY IN THE CONTEXT OF BRICK, RIGHT? LIKE DOES THE DESIGN FIT INTO THE NEIGHBORHOOD OR IS IT AN OUTLIER? I THINK PEOPLE SHOULD GET CREDIT FOR ACKNOWLEDGING THE HISTORY AND CHARACTER OF THAT NEIGHBORHOOD AND TRYING TO ADD VALUE TO IT.
UH, THE OTHER END, YOU KNOW, SOMETIMES BUYERS WANT SOMETHING MORE MODERN, AND SO DEPENDING ON THAT NEIGHBORHOOD WHERE THEY ARE IN THAT SPECTRUM, IT WOULD BE HELPFUL TO SEE HOW THEY ADD VALUE TO THE WHOLE CO UH, COMMUNITY.
SO, UH, I APPLAUD THIS AND, UH, THIS APPROACH.
ANY OTHER DISCUSSION BOARD? ANY OTHER QUESTIONS? I HAVE A QUESTION.
UM, WITH THE PROPOSED HERE SYSTEM AND JUST, JUST ME BEING CURIOUS, THE THE SMALL SCALE OR EMERGING DEVELOPER, IS THERE GONNA BE CONSIDERATION WHEN THEY BECOME A DEVELOPER THAT CAN MANAGE MOST MILK PROJECTS? SO ARE THEY GOING TO BE PROGRESSING INTO THESE TIERS? HOW IS THAT EVALUATION GONNA HAPPEN? YEP.
ASHLEY, YOU WANT ME TO ANSWER THAT ONE OR YOU WANNA, OKAY.
I THINK THE, THE THEORY IS THAT THEY WILL, IF THEY'RE A SMALL TIER DEVELOPER, BASED ON THEIR PERFORMANCE, THEY CAN MOVE INTO DIFFERENT, THE SECOND TIER.
SO BASED ON THEIR PERFORMANCE, I'LL JUST SAY THIS TO MY FELLOW DIRECTOR, MR. CHAIR AUTHORITY KIND OF FRIGHTENED ME WITH THAT BECAUSE, SEE, I LIVE IN A HISTORICAL NEIGHBORHOOD AND YOU KNOW, CITY, YOU KNOW, Y'ALL GET KIND OF ROUGH ON TAKING PICTURES AND SENDING PAINT CHIPS AND YOU KNOW, AND, AND I, I HEAR YOU TALK ABOUT MODERN, BUT IT'S, UM, AND, AND I'VE DRIVEN IN THE NEIGHBORHOODS WHERE I, I KNOW WHERE YOU'RE GOING.
UM, THERE'S A HOUSE, IT'S NEW, IT STICKS OUT LIKE A SO THUMB, BUT IT DEPENDS ON, YOU KNOW, THE AGE OF THAT NEIGHBORHOOD, YOU KNOW, AND IF YOU COME INTO MY NEIGHBORHOOD, YOU ARE GONNA HAVE TO BE ABLE TO THAT PERIOD AND YOU DON'T HAVE A CHOICE, RIGHT? SO YOU'RE STUCK NOW WITH COLOR SCHEMES, YOU'RE STUCK WITH, UH, CERTAIN KIND OF DESIGN.
AND I, I DON'T EVER WANT TO CRAMP THE, UM, THE DEVELOPER.
AND I, I HEAR WHAT YOU'RE SAYING ABOUT FITTING INTO THE NEIGHBORHOOD, BUT IF YOU'RE COMING INTO A NEIGHBORHOOD THAT'S BEEN ESTABLISHED FOR QUITE SOME TIME, YOU'RE PUTTING IN A NEW PRODUCT, UNLESS YOU'RE MAKING THEM BUILD IN THAT PERIOD, IT'S, IT'S GONNA KIND OF STICK OUT.
I I WANT TO FOLLOW UP ON THAT.
THERE'S SOME RECENT MOVEMENT ON THAT SUBJECT.
EVEN THOUGH YOU ARE NOT IN A HISTORIC NEIGHBORHOOD, CITY COUNCIL HAVE INITIATED QUITE A FEW AUTHORIZED HEARING MEANING, UH, AREA WIDE RE ZONING CURRENTLY THERE'S ONE ALMOST TO THE FINISH LINE AS SOUTH DALLAS FAIR PARK AREA IS LIKE 10,000 PARTIALS IMPACTED BY THIS.
JUST LIKE, EVEN THOUGH THAT HISTORIC DISTRICT, THEY WOULD LIKE TO HAVE SOME DESIGNS THERE.
YOU CANNOT TALK ABOUT MATERIAL, BUT YOU CAN TALK ABOUT THE SKILL, THE HEIGHT, THE MASSING SETBACK, WHERE THE GARAGE TO BE LOCATED.
SO WE DO EXPECT THOSE TO COME ONLINE.
QUITE A FEW OF THOSE IN THE NEXT, YOU KNOW, AS SOON AS NEXT TWO MONTHS AND, AND, AND HOURS.
SO THERE'S A LOT MORE LABOR CODE WANTING TO DO SOMETHING LIKE THAT.
SO, UM, YOU KNOW, THIS IS SOMETHING WE CAN ASK OUR STAFF TO GIVE THE BOARD A LITTLE BRIEFING OR SOMETHING.
SO DESIGNS SEEM TO BE, BECOME AN IMPORTANT, UH, UH, CONCERN FOR THIS FOR THE RESIDENTS EVERYWHERE.
UH, SO THIS KIND OF IS GONNA BE NOT MATURE TO DESIGN BASICALLY.
YOU KNOW, YOU CAN HAVE, YOU KNOW, A, A
[01:05:01]
A A THREE STORY, NOTHING ON THE FRONT, BUT THE GARAGE DOOR AND PEOPLE LIKE KIND OF STICKING OUT.SO THERE ARE, UM, GOING TO BE SOME, UH, ENVIRONMENT ZONING THAT PASSES THROUGH CITY COUNCIL THAT WOULD MAKE THIS AREA, UM, A LITTLE DIFFERENT IN THE FUTURE.
BUT THAT'S SOMETHING UH, WHEN THEY'RE, I'M SURE WHEN THEY PURCHASE THE LAND, THEY DO THEIR DUE DILIGENCE TO LOOK AT THAT.
LIKE THE BOTTOM, FOR EXAMPLE, I DON'T KNOW WHETHER WE HAVE ANY LAND BACK.
THERE'S SOME SPECIFIC DESIGN STANDARD IN THE BOTTOM.
YEAH, I THINK WE HAVE A LOT THERE.
IT MIGHT MAKE SENSE 'CAUSE THERE'S, THERE'S A HANDFUL OF PDS WITH DESIGN STANDARDS.
IT MIGHT MAKE SENSE TO BE ABLE TO CALL THOSE OUT WITH THE LOT CONSIDERATIONS JUST TO MAKE SURE THE DEVELOPERS ARE KEENLY AWARE TO COMPLY.
BECAUSE SOMETIMES SOME OF 'EM ARE VOLUNTEER, SOME OF THEM ARE MANDATED.
BUT IT WOULD BE GREAT TO REINFORCE THOSE DESIGN STANDARDS THAT THE, THE COMMUNITIES HAVE PUMP DOOR AND MAKE SURE THAT THEY ARE VERY APPARENT AT THAT.
I WOULD LOVE FOR THE BOARD TO HAVE A BRIEFING ON THAT INFORMATION.
YEAH, WE'LL BE HAPPY TO PROVIDE THAT.
YEAH, WE CAN, ON THE LIGHT BOARD MEETING DAY, WE CAN DO THAT 15 MINUTES, UH, EITHER ROUND OR THE VERY END.
ONE SUBJECT ABOUT THE DESIGN, ESPECIALLY 5 95, UH, PD 5 95, WHICH IS SUPPOSED TO BE ADOPTED BY CITY, POSSIBLY JUNE.
AND THEN THERE'S OTHER THING LIKE HISTORIC PRESERVATION OR LY IF YOU WANNA GO THAT ROUTE, WE CAN HAVE STAFF COME HERE TO TALK A LITTLE BIT ABOUT THAT.
YEAH, I WOULD LOVE TO HEAR ABOUT ALL OF THAT.
YEAH, I WILL WORK WITH, YEAH, THAT'S THE AGENDA FOR IT AND, AND ASHLEY AND UH, WE'D LOVE TO HAVE THOSE BRIEF.
NO MORE DISCUSSION ON THAT BRIEFING ITEM UNTIL OUR LAST ITEM.
ITEM NINE IS ANOTHER BRIEFING ITEM.
THIS IS A DISCUSSION AND REVIEW OF THE D-H-A-B-C QUARTERLY PRODUCTION REPORT.
ORDERS ONE AND TWO, FISCAL WILL YEAR 25 AND 26.
TURN IT OVER TO YOU A OKAY, SO YOU, THE, THE REPORT IS ACTUALLY IN YOUR BINDER.
NOW I WILL TELL YOU, I JUST SAW THIS THIS MORNING.
SO I MEAN, I WILL ANSWER WHATEVER QUESTIONS I CAN TO ANSWER ON IT, BUT I MEAN, I MAY HAVE TO DIVERGE TO LAND MANAGER ON SOME OBJECTIONS ON THESE, ON THESE SPECIFIC NUMBERS.
BUT I'LL ANSWER ANY QUESTIONS THAT I CAN.
I'VE GOT AN IMMEDIATE GLARING QUESTION RIGHT OFF THE BAT.
UH, I'M GONNA LET COMMISSIONER PRICE GET TO THE, TO THE, TO THE ITEM.
IF THIS PAGE IS IN THE BACK, WE SHOULD BE IN THE BACK ITEM.
SO THE SECOND ROW SAYS NUMBER OF LOTS CURRENTLY AVAILABLE ON THE WEBSITE.
87, THERE ARE ONLY TWO OR THREE.
AND SO I UNDERSTAND THOSE THAT ARE INCLUDED IN PENDING APPLICATIONS HAVE BEEN PULLED DOWN.
AND SO IF THAT'S THE CASE, SO IF THEY'RE IN AN APPLICATION THAT'S PENDING RIGHT NOW, A DEVELOPER HAS ASKED FOR THEM, THEY ARE NOT AVAILABLE TO THE OPEN MARKET.
BUT IS THERE A REEVALUATION PERIOD OR IS IF, IF THE APPLICANT DOESN'T PROVIDE SOMETHING THAT WE NEED OR THE APPLICATION IS INCOMPLETE, ARE WE JUST HOLDING THOSE PROPERTIES AND HOLDING OR ARE WE WE RELEASING THEM BACK TO THE WEBSITE? THAT'S CORRECT.
THERE, THERE'S A PROCESS THAT WE'RE WORKING ON RIGHT NOW.
RIGHT NOW WE HAVE ABOUT 55 PROPERTIES THAT WE, THAT WE OWN THAT ARE NOT, BUT THERE'S PROBABLY, THERE'RE 12 REFLECTING ON THE WEBSITE THIS MORNING.
'CAUSE I ADDED NINE BACK, BUT THERE'RE NO, YESTERDAY IT WAS THREE FOR, UM, BUT WE HAVE ABOUT 55 IN TOTAL.
UH, SOME OF THAT ARE ON APPLICATIONS THAT ARE PENDING AND PAID.
UM, I THINK WE'RE WORKING ON A PROCESS AND SOMEBODY HELPED ME BUT TO, TO RELEASE THOSE BACK TO DEVELOPERS IF THEY HAVEN'T GOTTEN US THE, UM, THE REQUIRED MATERIALS FOR US TO PRESENT TO THE BOARD.
UHHUH,
AND WE RARELY HAVE, WE RARELY HAVE A DEVELOPER IS READY TO COME BEFORE THE BOARD WITHIN 30 DAYS AFTER IF APPLICATION TAKES A LITTLE LONGER.
BUT IF EVERYTHING WAS PRISTINE AND CAME IN, WE HAD NO PROBLEMS, THEN WE CAN DO IT IN 30 DAYS.
AND I THINK THEN WE WILL RELEASE.
IF WEREN'T GONNA GIVE IT TO THE BOARD, WE RELEASE THOSE BACK.
SO I THINK WE'RE STILL WORKING THROUGH THAT PROCESS.
BUT, SO I GUESS MY QUESTION, MY, MY BOSS IS THE PROBABLY PEOPLE TO TALK TO ABOUT THAT.
SO I GUESS MY QUESTION IS IT, IS IT MORE ADVANTAGEOUS FOR US THE BUSINESS TO ADVERTISE ALL THE PROPERTIES AND THE FIRST DEVELOPER TO QUALIFY, APPROVED AND FINALIZE THEIR PACKET, THEN THEY GET AWARDED THE PROPERTY AND IF IT'S ON ANOTHER APPLICATION, WHEN THEY DO FINALLY GET APPROVED OR FINISH THE PROCESS, WHATEVER LOTS ARE STILL AVAILABLE THAT THEY WANTED, THEN THEY COULD GET THOSE.
IF THERE'S OTHER AVAILABLE, THEY COULD GET THOSE.
BUT WE'RE ALWAYS MARKETING ALL THE PROPERTIES
[01:10:01]
THAT WE HAVE.THAT WAS THE PRIOR KIND OF THE, THE PRIOR AREA.
THE SECOND DEVELOPER THAT HAS THE APPLICATION CAN SOMETIMES TAKE SOME TIME.
AND IF YOU'RE WORKING ON GETTING SEVEN AND WHEN YOU'RE FINALLY READY TO COME IN FRONT OF OUR BOARD, I'M ONLY GONNA GET THREE NOW BECAUSE SOMEBODY ELSE, YOU KNOW, IS A LITTLE BIT QUICKER 'CAUSE YOU HAVE MORE EXPERIENCE.
I THINK, YOU KNOW, THERE, THERE THERE'S A, THERE'S A BALANCE THERE THAT WE HAVE TO HAVE.
I THINK AFTER A CERTAIN AMOUNT OF TIME, IF, IF IT TAKES, YOU KNOW, IT'S BEEN SIX MONTHS AND WE HAVEN'T GOTTEN ALL THE INFORMATION WITHIN AT THAT POINT, MAYBE WE RELEASE THE LOCKS AGAIN.
I THINK 30 DAYS IS THE TIME PERIOD.
WELL, 30 DAYS IS THE TIME WE'RE KEEPING IT OFF NOW.
I THINK THAT'S THE PROPOSED TIME.
THE PRIOR POLICY WAS WE DIDN'T TAKE A PROPERTY OFF THE BOARD UNTIL THE BOARD HAD AWARDED IT TO A DEVELOPMENT.
SO TO ORLANDO'S POINT THOUGH, THAT COULD, COULD CREATE ISSUES LIKE WE HAD TODAY.
SO THERE NEEDS TO BE LIKE A HAPPY
UH, PULLING THEM DOWN WHEN THEY'RE PENDING, PULL THEM.
SO YOU'RE FINE WITH THEM BEING PULLED DOWN WHILE THEY'RE PENDING, EVEN IF THE INVENTORY GETS REALLY, REALLY LOW.
UH, IF, IF WE'VE GOT AN ACTIVE, YOU KNOW, UH, APPLICANT AND THEY'RE WORKING THROUGH IT NOW ONE THING IN IT, THIS IS GONNA REQUIRE NEW STACK TO, TO, YOU KNOW, USE THEIR JUDGMENT.
BUT IF WE GET AN APPLICANT, IT'S TAKING A LITTLE LONGER BECAUSE THEY'RE DUE TO THE PROCESS AND THEY GAVE US THE INFORMATION NOT IN THE FORMAT THAT WE NEEDED.
AND IT'S GOING TO, IT IS A LITTLE BIT MORE HANDHOLDING.
UM, I JUST THINK THAT, YOU KNOW, THEY CAME IN, THEY SHOULD GET A CERTAIN AMOUNT OF TIME TO GET THAT LOCKED OR, OR THOSE LOTS THAT THEY'RE LOOKING FOR NOW WE'RE NOT GONNA HOLD THEIR HANDS FOREVER OBVIOUSLY.
SO THERE, THAT'S WHY I'M SAYING WHERE'S THAT HAPPY MEDIA? BECAUSE AGAIN, WHEN YOU TAKE OFF THE INVENTORY, OR MAYBE WHAT WE DO IS WE, WE FLAG IT ON THE INVENTORY PENDING AND YOU KNOW, IT'S STILL THERE, IT'S PENDING.
SO SOMEONE ELSE IS INTERESTED ON IT, THEY CAN ASK ABOUT IT.
HEY, I REALLY LIKE THIS LOT, YOU KNOW, 'CAUSE IT'S NEXT TO THESE OTHER TWO THAT I'M, I'M INTERESTED IN WHAT'S HAPPENING WITH IT.
AND THEN THAT MAYBE PUTS PRESSURE ON THE, ON THE APPLICANT AND WE, AND WE CAN GO TO, HEY, I GOT SOMEBODY WHO'S READY TO TAKE THIS OVER.
SO WHAT, WHAT DO YOU WANNA DO? THERE'S GOTTA BE HAPPY MEETING.
I IF, IF I'M A DEVELOPER AND I COME IN AND ASK FOR FIVE LOTS AND I, YOU KNOW, AND I'M GOING THROUGH THE PROCESS AND IT'S NEW TO ME AND AT THE, AND YOU KNOW, THREE MONTHS LATER I'M FINALLY IN FRONT OF THE BOARD AND YOU'RE TELLING ME WHY YOU'RE GONNA GET ONE, I'M GONNA DO ONE.
YOU KNOW, THAT'S NOT GONNA HELP ME.
WELL NORMALLY WHAT WE DO IN THAT SITUATION IS IF THEY APPLIED FOR FIVE LOTS OR SIX LOTS AND BY THE TIME THEY GOT TO THE, THIS IS OUR PRIOR POLICY BY THE TIME THEY GOT TO THE BOARD, UM, IF THOSE, IF FOUR OF THOSE ARE NO LONGER AVAILABLE, WE JUST WORK WITH THEM TO GET FOUR MORE.
AND THAT'S WHAT WE WOULD, THAT'S HOW WE WOULD HANDLE THAT SITUATION.
BUT WE WOULD HANDLE IT HOWEVER THE BOARD DIRECTS US.
WELL IT'S, IT'S LIKE ANY OTHER VISIT WHEN IT DOES NOT APPEAR THAT YOU HAVE MUCH INVENTORY, NOT DRIVE MUCH INTEREST.
AND I WAS GETTING CALLS AND YOU KNOW, YOU GUYS GOING OUT I NOT BUSINESS.
YOU KNOW, Y'ALL SHUTTING DOWN THE PROGRAM.
AND SO I I THINK IT'S, YOU KNOW, WE'VE ALL, WE'VE, WE, LIKE I SAID, SEVERAL OF US HAVE BEEN HERE.
WE'VE ALWAYS HAD HUNDRED PIECES OF PROPERTY.
AND SO IF YOU WANT TO TAKE A BACKUP, YOU KNOW, YOU KNOW, ORLANDO WANTS TO BE NUMBER TWO ON THIS.
AND AS YOU SAID, IF STAFF MAKES A DETERMINATION IN 30 DAYS, 45 DAYS, EVEN IF YOU'RE A NEWBIE AND SOMEBODY'S READY TO MOVE.
BECAUSE EVEN IF YOU ARE A SEASONED DEVELOPER OR ONE OF THOSE TIERS THAT MR. WILSON AND STAFF PUT FORWARD EARLIER, I NEED SOMEBODY MOVING.
I, I, I APPRECIATE THE FACT YOU'RE LEARNING TO DRIVE, BUT, UH, YOU KNOW, SO SO WHAT ARE WE DOING TO INCREASE INDIVIDUAL? SO I WAS, THAT'S MY NEXT, THAT WAS GONNA BE MY, MY NEXT CHOICE.
'CAUSE YOU KNOW, I USED, I WOULD GET THE LIST ALL THE TIME TO PRESENT TO MY, TO MY BOARD, YOU KNOW, UH, PROVING THE LAND BACK SALES.
I HAVEN'T GOTTEN A LIST VERY LONG TIME ON LAND BANKS AND I KNOW, BUT WE, I'VE BEEN GETTING 'EM ON THE NORMAL TAX FORECLOSURE PROPERTY.
SO WHAT ARE WE DOING TO INCREASE THAT INVENTORY? SO WE'RE NOT IN THIS SITUATION.
WELL, I'M, I'M GONNA LET ASHLEY ANSWER THAT.
I MEAN, WE'VE GOT A, WE'VE GOT A NEW PROCESS, BUT WE'RE NOT, WE'RE NOT TAKING SOME LOTS OF USE TO TAKE, SO I'LL, I'LL LET ASHLEY, THE LAND BANK MANAGER DISCUSS THAT.
ASHLEY BANK FACILITIES OR REAL ESTATE MANAGEMENT.
UM, AS YOU KNOW, AS WE CAME, UM, UH, AND TOOK OVER THE LAND BANK AS OF OCTOBER 1ST, UM, ONE OF THE GOALS WAS, IS TO TRULY ENSURE, UM, THAT CERTAIN POLICY AND PROCEDURES WERE IN PLACE AS WELL AS WE WERE IN COMPLIANCE.
AND SO YOU WILL SEE IN THAT FIRST QUARTER IN REGARDS TO THE, UM, THE INFORMATION THAT WAS PRESENTED, I READ THERE WERE OVER 80, 80 SOMETHING PROPERTIES THAT WERE LISTED FROM THE WEBSITE.
UM, AND CURRENTLY, UM, DEFINITELY THAT NUMBER HAS DECREASED DUE TO THE FACT THAT OVER 70 OF THOSE PROPERTIES WERE
[01:15:01]
BEYOND THE STATUTE OF FOUR YEAR TIMEFRAME.SO MEANING WE HAD TO SELL THOSE PROPERTIES TO DEVELOPERS WITHIN FOUR YEARS.
AND SO OVER 70 OF THOSE PROPERTIES WERE NOT SOLD.
AND SO THEREFORE THEY REVERTED BACK TO THE TAX ENTITIES.
AND SO I WILL SAY THERE WILL BE A LITTLE GROWING NINETIES THIS YEAR, UM, JUST BECAUSE WE ARE TRYING TO PUT IN PLACE SOME PRE-DEVELOPMENT DUE DILIGENCE CHECKLISTS, UM, IN REGARDS TO SOME OF THE DEVELOPERS THAT CAME TODAY.
UM, NOT ACCEPTING PROPERTIES OR ACTUALLY REFERRING PROPERTIES THAT WE KNOW THAT ARE GONNA HAVE TO BE RELA.
WE'RE TRYING TO ENSURE THAT THERE ARE NO IMPEDIMENTS TO DEVELOPMENT, UM, WORKING WITH EMILY'S DEPARTMENT TO ENSURE THERE IS UTILITY INFRASTRUCTURE IN PLACE, ENSURING THERE'S ACCESS, UM, ALSO LOOKING AND WORKING WITH OUR ARS TO MAKE SURE, IS THERE ANY TREE MITIGATION THAT'S GONNA BE NECESSARY BECAUSE WE'VE HEARD THAT'S AN EXPENSIVE, UM, COST.
UM, SO WE'RE LOOKING AT THOSE TYPE OF THINGS BEFORE WE'RE REFERRING THEM.
SO TO ENSURE THAT WHEN THEY ARE COMING DOWN THE PIPELINE READY TO BE TAKEN INTO SESSION, UH, BY THE LAND BANK, UM, THAT THEY ARE READY TO GO AND BE AVAILABLE ON FIRE.
OUR DEVELOPERS, MR. CHAIRMAN, I, AND, AND I CAN APPRECIATE ALL OF THAT.
AND AS ONE OF THOSE TAX ENTITIES, UH, I REALLY DON'T WANT THE PROPERTIES BACK.
YOU KNOW, I I, I GOT, I GET THE STATUTE, SO I GUESS I, MY NEXT QUESTION IS GOING BE OKAY.
STATUTE, SAY YOU SEND THEM BACK TO US THEN NOW YOU, WHEN DO WE GET AN OPPORTUNITY TO SAY, HEY, WE WANT YOU TO SURE.
SO, SO RIGHT NOW, THOSE PROPERTIES HAVE COME BACK OVER TO THE CITY AS TRUSTEE ON BEHALF OF THE TAX AND ENTITIES.
WE HAVE THOSE PROPERTIES ON HOLD.
WE ARE TRYING TO WORK THROUGH A PROCESS TO FIGURE OUT HOW BEST WE CAN OR HOW WE CAN WORK THROUGH OF TRYING TO GET THEM BACK INTO THE LAND BANK.
AND SO THAT'S A PROCESS THAT WE'RE WORKING THROUGH NOW.
I WITH THE ULTIMATE GOAL OF SELLING 'EM IN THE REQUIRED TIMEFRAME AND NOT ALLOWING THEM NO, NO.
I I'M JUST TALKING ABOUT THOSE 70 AND THEN GOING FORWARD, I GET IT.
BUT THOSE 70 SHOULD BE COMING BACK ACTUALLY, OF THOSE 70, LIKE WHAT PERCENTAGE OF THEM ARE, ARE ONES THAT, YOU KNOW, THEY, THEY NEVER SOLD.
SO IS IT BECAUSE THEY HAVE PLANNING ISSUES BECAUSE THEY'RE UTILITY ISSUES? IT'S BECAUSE THEY'RE IN THE FLOODPLAIN? WE HAVE, WE HAVE A SENSE OF WHAT THE REASON WHY YOU'RE RIGHT, THE REASON WHY THEY PROBABLY WERE STAGNANT AMONG THE LAND BANK, IT'S BECAUSE THEY WEREN'T DESIRABLE.
UM, AND SO OF COURSE NOW I'M DRIVING POLICY IN REGARDS TO THE DUE DILIGENCE, PRE DE DEVELOPMENT.
UM, WE WOULD NOT RECOMMEND THEM TO COME BACK TO THE BANK.
IT, YOU KNOW, THEY DON'T CHECK THE BOX IN REGARDS TO THE DEVELOP OF IT.
I THINK ONE OF THE THINGS THAT THE BOARD NEEDS TO CONSIDER IS THAT WITH JUST THE, THE PROPERTIES THAT WE CAN ACQUIRE THROUGH THE LAND BANK, BY THE STATUTE OF THESE PROPERTIES THAT HAVE BEEN
WHEN YOU PUT THAT CRITERIA IN THE PROPERTIES THAT WE CAN BUY, YOU'RE NOT, YOU'RE NOT GONNA GET A WHOLE BUNCH OF PRISTINE PROPERTIES THAT ARE READY FOR DEVELOPMENT TO DEVELOP.
THAT'S NOT, THAT'S NOT TYPICAL.
LAND BANKS TYPICALLY DEAL WITH DISTRESSED PROPERTIES.
UM, 'CAUSE IF IT, IF IT, THEY, IF IT DIDN'T MEET THAT CRITERIA, PROBABLY WOULD'VE BEEN SOLD ON THE MARKET.
SO THAT WILL AFFECT INVENTORY, THERE'S NO DOUBT ABOUT IT.
AND SO TO, TO THAT POINT, TYRONE, ARE YOU SUGGESTING THAT IT'S ALMOST AN EXPECTATION THAT OUR PROPERTIES WOULD HAVE SOME OF THESE IMPEDIMENTS AND THAT THE PRICE POINT THAT WE'RE OFFERING THEM AT IT MAY STILL BE ADVANTAGEOUS FOR DEVELOPERS IF THEY UNDERSTAND AND THEY'RE WILLING TO TAKE ON THOSE IMP IMPROVEMENTS.
THAT'S TRADITIONALLY WHAT THIS BOARD HAS DONE, BUT THAT DOESN'T HAVE TO BE, THAT'S A DECISION FOR THE BOARD TO MAKE.
THAT'S, YOU KNOW, WHAT KIND OF LAND BANK DO YOU WANNA BE? I MEAN THAT'S, THAT'S, THAT'S A DECISION THAT THE BOARD, THE BOARD HAS TO, I, I THINK IT'S A QUESTION, DO WE WANT TO BE IN BUSINESS OR NOT? THAT'S IT.
BECAUSE WE, WE HAD THREE LOTS ON THE WEBSITE YESTERDAY.
WE GOT DEVELOPERS COMING IN HERE AND BUYING SEVEN LOTS, FOUR LOTS, FIVE LOTS AT A TIME.
WE'RE OUT OF BUSINESS NEXT MONTH, RIGHT? THERE IS NO LAND BANK.
AND SO WE DON'T ADDRESS THE INVENTORY CHALLENGE AND GET SOME PROPERTIES TO, TO SELL.
AND NOT ONLY, AND THAT THIS IS JUST MY PRESIDENT OF THE BOY ROAD, BUT I'M ALSO THE DIRECTOR OF COMPLIANCE.
SO THESE PROPERTIES THAT ARE JUST SITTING, I'M MAINTAINING IT.
SO I'M RESPONSIBLE FOR KEEPING 'EM MOW, KEEPING 'EM CLEAN, KEEPING DUMPING OFF OF 'EM, KEEPING TIRES OFF OF 'EM, KEEPING HOMELESS ENCAMPMENTS OFF OF 'EM.
SO I'M GETTING BEAT UP ON BOTH SIDES OF THE AISLE.
IF SOMEBODY'S WILLING TO TAKE IT AND DO SOMETHING WITH IT, I'D LOVE TO GIVE 'EM THAT OPPORTUNITY IF, IF THEY'RE WILLING TO DO THAT.
UM, I JUST WANT TO BE TRANSPARENT ABOUT WHAT THE IMPEDIMENTS ARE AND WHAT THE ISSUES ARE.
[01:20:01]
I WILL SAY WE HAVE WENT THROUGH THE ANNUAL PLAN THAT WAS PRESENTED IN 25, 26.UM, WE HAVE NARROWED THAT DOWN TO A, A LITTLE BIT OVER A HUNDRED PROPERTIES THAT WE KNOW CAN BE DEVELOPED.
AND SO RIGHT NOW WORKING WITH, UM, MS. LU'S DEPARTMENT TO ENSURE THAT WHAT WE HAVE IDENTIFIED AS AVAILABLE, THAT THEY'RE IN LINE WITH THAT AS WELL.
AS SOON AS WE GET THE THUMBS UP, THEY WILL BE REFERRED TO OUR ENVIRONMENTAL AND THEY REFER TO LINEBARGER TO PROCEED WITH THE PROPERTY PROCESS FOR FORECLOSURE.
SO WE KNOW A HUNDRED ARE IN LINE AND READY TO GO THAT, THAT DIRECTION.
THAT'S ENCOURAGING ASHLEY, THAT'S ENCOURAGING TO HEAR.
UM, I JUST THINK YOU MAY MAYBE AT A LATE, MAYBE NOT TODAY, UH, BUT MAYBE AT A LATER BRIEFING OUR AGENDA ITEM, WE HAVE A, AN ACTION ITEM, UH, REGARD REGARDING A VOTE, BUT HOW THIS BOARD WANTS TO PROCEED WITH THE TYPE OF PROPERTIES WE'RE PUTTING IN OUR PIPELINE AND THAT WE'RE OFFERING AND HOW WE'RE GOING ABOUT DOING THAT TO SUSTAIN THE BUSINESS.
MAYBE WE ALL JUST GO HOME AND THINK ABOUT THIS, SLEEP ON THIS TODAY, AND THEN WORK THROUGH FUTURE AGENDAS TO FIGURE OUT WHAT THOSE ACTION ITEMS MAY LOOK LIKE.
AND OR I KNOW YOU'VE HAD A LOT OF DEVELOPERS THAT WORKED WITH LAND TRANSFER PROPERTIES AND HAD SOME ISSUES.
I MEAN, I DON'T KNOW IF YOU YEAH, I THINK IT'S, I THINK SO.
I LOVE THAT YOU'RE BRINGING THAT PROCESS IN TO LIKE LOOK AT THE LOTS FOR OTHER DEVELOPER.
I WONDER IF THE, WHEN DO WE, BECAUSE YOU HAVE SCHEDULE C COMING UP, RIGHT? IN TERMS OF FOR THE NEXT YEAR.
I WONDER IF WE COULD APPLY THAT ASSESSMENT TO THE LOCK INVENTORY THAT'S UP FOR CONSIDERATION BEFORE THE ANNUAL PLAN GOES TO COUNCIL AND THEN WE'VE ALREADY CLEANED THAT LIST AHEAD OF TIME AND, AND THEN CATCH UP A COUPLE MONTHS.
THE PROBLEM WITH NOT, I WAS GONNA SAY NO, NO, YOU WERE EXACTLY RIGHT.
UM, I KNOW KIMBERLY, SHE HAS BEEN WORKING ALREADY TO TRY TO, TO GET THE ANNUAL PLAN DONE IN THE TIMEFRAME THAT IT SHOULD BE DONE IN AND ALREADY HAVE VETTED THOSE PROPERTIES THROUGH THE SYSTEM.
THE PROBLEM WITH THAT THOUGH IS THAT THE STATUTE SAYS THAT WE ARE TO LIST ALL ELIGIBLE, ALL PROPERTIES ELIGIBLE FOR LAND BANK PURCHASE IN, IN THE ANNUAL PLAN.
HEY, COULD YOU DO BOTH? COULD YOU LIST THEM ALL AND SAY THEY'RE ALL LISTED.
OUR RECOMMENDATION IS TO BUY 75% OF 'EM.
YEAH, IT STILL, ALRIGHT, THAT WAS A GOOD DISCUSSION.
THAT THAT WAS ALL, THAT WAS ALL THE QUESTIONS I REALLY HAD ABOUT THE QUARTERLY REPORT.
DID ANYBODY ELSE HAVE ANYTHING ABOUT THE QUARTERLY PRODUCTION REPORT? OKAY.
UH, THAT IS OUR LAST BRIEF THANK YOU ACT.
THAT IS OUR LAST BRIEFING ITEM AND I WILL ENTERTAIN A MOTION TO ADJOURN.
WE ARE ADJOURNED AT 1:23 PM ON APRIL 30TH, 2026.