17:01:18 too.

Our theme this week is,

17:01:23 everything, you know, constantly making changes until -- constant

17:01:27 perfectism until the very last minute

[ LAUGHTER ]

17:01:31

 

 

17:01:33 >> STACY JEFFRIES: I wanted to let you know that we went ahead and

17:01:37 started the recording.

So we are recording.

 

17:01:41 >> TANYA WOLFERSPERGER: Great.

So I think I'll go ahead and

17:01:45 I'd like to just start and welcome everyone

17:01:48 to this evening's bond oversight committee meeting.

 

17:01:52 Thank you all for joining us.

Dr. Holt, our esteemed

17:01:57 facilitator is running a little bit behind so I'm going to start us

17:02:01 off a little bit with some reminders about

17:02:05 our virtual meeting experience.

I think we are all old hands at

17:02:08 this now.

But just want to welcome everyone

17:02:14 and just have a quick reminder of our online meeting protocols and

17:02:17 tips.

We have started recording the

17:02:21 meeting and so all of the slides

17:02:25 and audio and including the chat will be recorded for this meeting

17:02:30 tonight.

So please remember to mute

17:02:34 yourself when you are not speaking.

That will help decrease any

17:02:38 background noise that may be happening in your environment.

 

17:02:42 And also when you do unmute yourself, please remember to

17:02:45 introduce yourself before speaking, just a first name.

 

17:02:48 And I will start, I'm Tanya Wolfersperger.

 

17:02:52 I use she/her pronouns and I work for the Portland housing

17:02:56 bureau helping coordinate housing bond programs

17:03:00 which is very fun and exciting.

I will pass it around the room for

17:03:04 introductions and just start with Auerbach members that I see in the

17:03:08 room.

So I will call on a few folks.

 

17:03:11 I will start with Susan, please.

>> SUSAN EMMONS: Okay.

 

17:03:15 I am Susan Emmons, a bond oversight

17:03:20 committee member and I use she/her

17:03:22 pronouns.

>> TANYA WOLFERSPERGER: Would you

17:03:26 like to go next?

>> TODD STRUBLE: Sure.

 

17:03:30 Good evening, everyone.

Todd Struble.

 

17:03:34 I use he/him pronouns and on the bond oversight

17:03:36 committee.

>> TANYA WOLFERSPERGER: Allan,

17:03:39 would you like to introduce yourself?

>> ALLAN LAZO: Good afternoon all.

 

17:03:43 I am Allan Lazo with the Fair Housing Council

17:03:48 of Oregon, my pronouns are he/him-his and

17:03:51 I'm a bond oversight committee member.

 

17:03:55 >> TANYA WOLFERSPERGER: Great.

And Anneliese

17:04:00 .

>> ANNELIESE KOELER: I'm Anneliese

17:04:04 Koehler and I am a bond oversight committee

17:04:07 member.

>> TANYA WOLFERSPERGER: We have

17:04:11 lots of HFP staff.

I will start with

17:04:13 miss Shannon.

>> SHANNON CALLAHAN: Good

17:04:18 afternoon, everyone, Shannon Callahan with the Portland housing bureau

17:04:23 .

>> TANYA WOLFERSPERGER: Molly, are

17:04:26 you with us?

 

 

17:04:27 >> MOLLY ROGERS: Yeah.

Good evening.

 

17:04:31 I'm Molly Rogers, I go by

17:04:36 she/her pronouns and I will send it off to Jill

17:04:38 .

>> JILL CHEN: Hi, everyone.

 

17:04:42 This is Jill Chen.

I am also with PHB, the housing

17:04:45 investments and portfolio preservation manager.

 

17:04:49 And also use she/her pronouns.

And I will

17:04:53 send it over to Mike

17:04:58 .

>> MIKE JOHNSON: Hi.

 

17:05:02 Mike Johnson.

I'm the finance county manager here

17:05:06 at the Portland housing bureau.

Good evening

17:05:09 .

>> TANYA WOLFERSPERGER: Mike, would

17:05:13 you like to pass it on to one of your colleagues or I can do the

17:05:16 honors.

>> MIKE JOHNSON: I can't see one

17:05:18 that hasn't spoken already on the screen.

 

17:05:19 Sorry.

>> TANYA WOLFERSPERGER: I'm going

17:05:23 to pass it onto Martha.

 

 

17:05:26 >> Martha.

Hi, everyone, I'm Martha Calhoun,

17:05:30 public information manager for the Portland housing bureau

17:05:38 .

>> I'll go next.

 

17:05:42 Jennifer Chang, she/her pronouns.

Portland housing bureau

17:05:44 .

Good to see everyone, especially

17:05:49 Auerbach members, and Dr. Holt.

>> I'll

17:05:53 go next, Gwen Thompson

17:05:56 .

I use she/her programs.

 

17:06:01 Hello, nice to meet everyone

17:06:02 .

>> TANYA WOLFERSPERGER: Excited to

17:06:05 have Gwen join our team.

Thank you for introducing

17:06:08 yourself.

And now I will hand it over to Dr.

17:06:21 Holt.

 

 

17:06:23 >> SHANNON CALLAHAN: I don't think we can -- at least I can't hear you,

17:06:28 Dr. Holt

17:06:40 .

>> TANYA WOLFERSPERGER: We have

17:06:45 some technical difficulties getting Dr. Holt into the room with us

17:06:48 .

I think he's with us.

 

17:06:52 >> STEVEN HOLT: I think I am.

Can you hear me now?

17:06:54

>> TANYA WOLFERSPERGER: Yes.

 

17:06:55 >> STEVEN HOLT: Hello, everyone.

Hi.

 

17:06:59 Good evening.

Welcome to our bond oversight

17:07:03 committee meeting.

Welcome into the space

17:07:06 .

This is a meeting that is open to

17:07:09 the public.

It is not a public meeting.

 

17:07:13 I apologize about two things.

17:07:18 One is I had vehicle difficulty.

I think that was told or shared

17:07:22 already.

And so I had to Zoom in from

17:07:26 Tigard through all of the traffic and the time to get here as quickly as

17:07:29 possible.

So it's good to be in this space

17:07:33 and I appreciate Tanya for covering while I was navigating

17:07:37 that.

And then, to get into the space and

17:07:41 for whatever reason have the technical challenge, but, you know, one of

17:07:45 the things that Zoom is teaching us, I think, is a lot of patience and grace

17:07:49 with ourselves and one another, at least I hope.

 

17:07:53 Anyway, we are here for tonight's oversight -- bond oversight

17:07:57 committee meeting.

It is the 15th of April.

 

17:08:01 And I am going to begin by

17:08:03 articulated this meeting is open to the public.

 

17:08:07 It is not a public meeting.

I'm Dr. Holt and I facilitate our

17:08:10 process.

I'm going to do a roll call very

17:08:13 quickly.

And then we will get into our

17:08:18 meeting tonight.

So Todd Struble

17:08:22 .

>> TODD STRUBLE: I am here.

 

17:08:26 >> STEVEN HOLT: Excellent.

Allan Lazo

17:08:28 .

>> ALLAN LAZO: I am here, Dr.

17:08:29 Holt.

Good to see you.

 

17:08:33 >> STEVEN HOLT: Good to see you, sir.

 

17:08:36 Anneliese.

>> ANNELIESE KOELER: Here.

 

17:08:39 >> STEVEN HOLT: And then Susan.

>> SUSAN EMMONS: Here.

 

17:08:40 >> STEVEN HOLT: Excellent, excellent.

 

17:08:44 Welcome into the space.

And I appreciate you being here

17:08:46 .

Give us a moment to approve the

17:08:49 minutes from the last meeting.

Don't know if you need to take a

17:08:53 second to look it over or not or if there's someone who is ready to make a

17:08:57 motion for approval.

>> SUSAN EMMONS: I'd like to make a

17:09:01 motion that we approve the minutes as presented to us

17:09:05 .

>> TODD STRUBLE: I will second.

 

17:09:07 >> STEVEN HOLT: It's been moved and second.

 

17:09:11 If all are in favor, merely say

17:09:15 yea

17:09:16 .

>> Yea.

 

17:09:17 >> Yea.

>> STEVEN HOLT: So moved.

 

17:09:20 The minutes have been accepted from the last meeting.

 

17:09:24 Today is fair housing month and I'm going to ask Allan if you would

17:09:28 say a few words in regard to fair housing month

17:09:30 .

>> ALLAN LAZO: Sure.

 

17:09:34 Thank you, Dr. Holt.

I always like to start out by

17:09:36 wishing everybody a happy fair housing month.

 

17:09:40 So April is fair housing month, the fair housing

17:09:44 act was passed on April 11th in 1968, so more than

17:09:48 53 years ago now.

And I just wanted to offer

17:09:53 today is the grand prize award winner for

17:09:57 our annual fair housing month poster contest and I think that Tanya

17:10:00 has it on the screen here now.

And one of the things I love about

17:10:05 the poster contest is asking the young artists a little bit about themselves

17:10:09 , and this year's award winning poster which

17:10:12 gets printed on a poster that travels around the state is a fourth grader

17:10:16 from Beverly Cleary School, Anneliese dew point.

 

17:10:22 Dupont.

She says she wants to be an

17:10:24 architect, an author or both when she grows up.

 

17:10:26 Her favorite subject in school is science.

 

17:10:30 And her hobbies are drawing, watching Anime, which as you can see

17:10:34 has influenced her poster here, and building in Minecraft

17:10:39 .

So it is always so enlightening and

17:10:43 encouraging to hear from these young artists the theme of our poster

17:10:47 contest this year was, it's fun having all kinds of neighbors

17:10:49 .

And really highlights for us the

17:10:53 work that we do in this committee to recognize

17:10:57 that the importance of housing isn't just putting a roof over people's

17:11:02 heads, but it's putting folks into opportunities out

17:11:06 their front door, into neighborhoods that are vibrant,

17:11:11 inclusive and full of opportunity.

And, you know, and young

17:11:15 people like Anneliese have dreams like becoming an architect

17:11:19 or an author, and that part of those folks reaching those

17:11:23 dreams is insuring that they have safe, stable

17:11:27 housing, free from discrimination and have access to opportunity.

 

17:11:30 So it's just a great reminder, I think, the work that we do in fair

17:11:34 housing and how it connects to the work that we do here on this committee to

17:11:39 bring forward affordable housing and housing throughout our city.

 

17:11:43 Thank you all for the work you're doing in this community

17:11:47 .

>> STEVEN HOLT: Thank you for

17:11:49 bringing that forward.

What a great thing to celebrate and

17:11:55 to recognize.

Yes, fair housing month to all

17:11:57 .

We are about to go into our time

17:12:00 for public testimony.

We are going to give opportunity

17:12:04 for those who have signed up in advance and articulated

17:12:08 they would like to participate in the process and share thoughts in

17:12:12 regard to the bond and what's going on specifically related

17:12:16 to affordable housing.

We like to --

17:12:20 I want to direct your comments to that

17:12:25 specifically, that the request is that your comments be connected

17:12:29 to the agenda for the meeting.

If there are other concerns

17:12:33 beyond the agenda for the meeting, you are more than encouraged to reach out

17:12:37 to the staff of the Portland housing bureau.

 

17:12:41 Your concerns are valid and necessary,

17:12:44 important to be captured.

We would like to make sure that our

17:12:48 time is used as adequately as possible since we are in a

17:12:52 limited opportunity tonight.

You see on the screen two minutes

17:12:55 per person.

And you can submit your testimony

17:12:59 via chat also.

So at this point I will ask

17:13:04 , is there anyone in this space who has identified

17:13:08 a desire for public testimony?

17:13:13

>> TANYA WOLFERSPERGER: Dr. Holt ,

17:13:16 this is Tanya.

I don't have anybody signed up but

17:13:20 we can give a small space for anyone in the room that would like to do so now

17:13:24 .

>> STEVEN HOLT: We will do that.

 

17:13:28 We will give an opportunity if there's anyone who is in the

17:13:30 space.

Tanya, give them instruction with

17:13:34 how they can indicate so.

>> TANYA WOLFERSPERGER: Sure.

 

17:13:38 As you can see on the screen here, you can use the chat

17:13:42 feature to submit any kind of public

17:13:46 testimony or at least indicate that you would like to, or you can

17:13:51 go into your participants list if that comes up

17:13:55 for you.

And there's a raise your hand

17:13:59 feature that -- well, no, we don't have that.

 

17:14:03 I think going through chat, which may show up as the three

17:14:07 dots at the bottom right-hand corner of your

17:14:11 menu options, right here to the chat or through the

17:14:17 chat, if that makes sense

17:14:20 .

>> STEVEN HOLT: Since we don't have

17:14:23 any, provided we go through the meeting and we have time at the end, we can

17:14:28 come back and revisit that.

Thanks, Tanya, for your

17:14:32 assistance.

We are going to go into our project

17:14:36 updates or project dashboard and I will turn it over to director

17:14:40 Callahan to introduce the presenters

17:14:44 .

>> SHANNON CALLAHAN: Thank you, Dr.

17:14:48 Holt.

It took me a moment to find the

17:14:52 unmute button.

It's lovely to see everyone this

17:14:54 evening.

For the first part of our

17:14:59 presentation this afternoon we have a Portland housing

17:15:03 bond update and I'd like to make sure

17:15:07 that Jill and Chen and Tanya Wolfersperger

17:15:12 are up and ready to do the next part of the presentation

17:15:17 .

>> JILL CHEN: Yes we are.

 

17:15:20 >> SHANNON CALLAHAN: Hi, Jill.

>> JILL CHEN: Hi, Shannon.

 

17:15:23 Thank you so much.

In terms of our bond dashboard, you

17:15:27 will have seen that the handout showed the status of

17:15:32 when the projects are going to be -- they are estimated financial

17:15:38 close and when is the lease up [their estimated] and any changes in the

17:15:41 unit count.

Actually, since the last quarter,

17:15:45 since our last update there has been no changes in unit count.

 

17:15:49 Everything is actually on schedule and moving

17:15:53 forward and the only changes you may have seen

17:15:57 in the handout is that the funding award has now

17:16:02 included the program delivery fee.

And my colleague,

17:16:05 Mike Johnson, will talk a little bit about that because we are trying to

17:16:09 make sure that as we move forward all the information that the bond

17:16:14 oversight committee receives, as well as also all the other committees, IE,

17:16:18 the auditors and such, they are all consistent so that there's no

17:16:22 differentiation between the award amounts and the -- we

17:16:27 call it the loan amounts

17:16:31 .

And next slide

17:16:35 please.

We are very pleased since our last

17:16:40 bond meeting, that we have had two new closings

17:16:46 , Las Adelitas and

17:16:51 Hayu Tilixam.

I assume some of you have -- may

17:16:55 have gone to already visit that one.

It was a fantastic community

17:16:59 celebration.

It is a project that is sponsored

17:17:03 by hacienda with 141 units in a site

17:17:07 that is formerly known as the sugar

17:17:12 shack that has been an eyesore for the whole community for years and years

17:17:15 and years.

And the other closing we had was in

17:17:18 the end of March and that was with Hayu Tilixam.

 

17:17:22 This is a project sponsored by

17:17:28 Naya and CDP and it's 50 units and on a PH

17:17:32 B owned site that is close to

17:17:36 Las Adelitas, it's also in the

[INDISCERNIBLE]

 

17:17:39 Neighborhood and that is a 50 unit project.

 

17:17:43 And I think Naya mentioned to me it's supposed to be having their

17:17:47 virtual sort of ground breaking, I

17:17:51 believe, next week but I haven't gotten an email from them official

17:17:54 ly confirming that.

So it's very exciting to see two

17:17:58 new projects coming on.

Westwind was supposed

17:18:02 to close end of April.

Actually

17:18:06 , April 29th.

Unfortunately, we heard

17:18:11 that the H.U.D. environmental review -- not

17:18:14 environmental review, sorry.

Excuse me.

 

17:18:17 Subsidy layering review was delayed.

 

17:18:21 We had given them, I think, eight weeks to do it and

17:18:25 it's now probably going to be more

17:18:27 .

And they are looking at a closing

17:18:32 on May 13th.

So very exciting.

 

17:18:36 That is a 100-unit project that's focused on

17:18:40 PSH in downtown with central city concern

17:18:43 .

Next slide, please.

 

17:18:46 In terms of upcoming project closings, we have

17:18:52 got -- all of the bond projects will close in this calendar

17:18:55 year.

Knock on wood.

 

17:18:59 So it's very exciting.

The next one closing is

17:19:04 Stark Street, which you will hear about from Andy Miller today

17:19:08 .

Project with

 

17:19:12 [INDISCERNIBLE]

Human solutions and that's closing

17:19:16 June 3rd.

And after that

17:19:22 is Susan Emmons.

Susan, thank you so much for your

17:19:25 project.

That is a project with northwest

17:19:29 housing alternatives in

17:19:33 downtown, in northwest.

And that's closing

17:19:38 , targeted closing is June 21st.

We will

17:19:42 have a little bit of a break because OH

17:19:46 CS and essentially because of

17:19:51 their legislative, you can call it blackout date, we are not expecting

17:19:55 any closings at all in July and August because

17:20:00 of the blackout date.

And then after that,

17:20:06 there will be Anna

17:20:10 Mann house 3000 Poul and Joyce

17:20:14 .

3000 Powell are both anticipated to

17:20:19 close sometime in September.

And

17:20:26 Ahmed desol is here to talk about the

17:20:28 3000 Powell project.

And that is with Home Forward.

 

17:20:32 And the final one is Joyce and that is anticipated to close towards the

17:20:36 end of this year, in December.

And they have had a number

17:20:40 of permitting design.

So that has been

17:20:44 a little bit delayed.

Next slide.

 

17:20:48 And I think I'm handing it over to

17:20:54 Mike.

>> MIKE JOHNSON: Good evening again

17:20:59 .

As we discussed last time, numbers

17:21:03 were starting to move quite a bit after they had been stagnant for a

17:21:07 while, while the projects were going through their underwriting process

17:21:10 .

I think the biggest change now is

17:21:14 we are showing the percent spend

17:21:19 d number has now gone over 25% of the bond issue so

17:21:22 that's -- city milestone.

We have been quite a ways under

17:21:26 that number for a while, even with having bought several

17:21:31 buildings, but now we have kind of broken over that milestone

17:21:33 point.

We will continue to see that number

17:21:36 grow.

We meet with you again at the next

17:21:38 meeting.

Obviously, we are in the heart of

17:21:42 construction season.

And as Jill pointed out, we have a

17:21:47 couple of more closings happening between now and June

17:21:51 June 30th.

So we will really start seeing that

17:21:55 spend amount grow and, of course, as that happens, the

17:21:59 committed amount will also begin shrink

17:22:03 ing in a corresponding manner.

17:22:07 Showing the reserved and remaining amounts.

 

17:22:11 We will be hanging onto those reserve amounts until we get through

17:22:15 closing.

And then that will be re-evaluated,

17:22:19 closing on the existing projects and then we will re-evaluate that

17:22:23 as we start contemplating what next steps are on the bond

17:22:27 .

The interest and credits numbers

17:22:31 has continued to grow as I have indicated to you it would, as the

17:22:34 majority of the bond funds are earning interest right now.

 

17:22:38 But as you can see we are now starting to, as

17:22:43 of this week, starting to draw on

17:22:47 on the 2020 bonds that were sold a few months ago

17:22:50 .

So things are really moving.

 

17:22:54 There's a lot of change going on.

You will

17:22:58 notice from the financial report, we

17:23:01 actually changed the format a little bit.

 

17:23:05 We are actually now showing a column for the amount spent on each project

17:23:09 .

So you can track the projects of --

17:23:12 track the project and each project separately.

 

17:23:16 As Jill also indicated, we are showing what the full award amount

17:23:19 was.

You will remember we were breaking

17:23:24 out the admin allocation, we called it

17:23:29 , separately.

But as we -- for these projects

17:23:33 we rolled that amount into the project

17:23:39 because -- in each of the project awards because of how the projects

17:23:43 are paying the program delivery fee.

We wanted to make sure we were

17:23:46 showing what the actual award amounts were on this sheet.

 

17:23:50 As we move forward to another stage of the

17:23:55 bond, we will see how that mechanism

17:23:58 works.

That may change how we present

17:24:02 things again

17:24:05 .

Something I wanted to reference

17:24:09 again from the report is showing our delivery

17:24:14 expenses so far.

Shown both

17:24:18 a percentage of project expenses

17:24:23 and the expenses and commitments.

So while on

17:24:26 the -- I think those numbers got transposed.

 

17:24:30 We are at about 2.8% on

17:24:32 expenses as -- no, excuse me.

I'm wrong on that.

 

17:24:37 They are fine.

Going a little cross

17:24:41 eyed this late in the day.

The delivery expense as a percent

17:24:45 of project expenses, you will see we are over, 7%, and as

17:24:49 we have discussed with you before, we are front loaded on our

17:24:53 delivery expenses because of the -- both the solicitation and the

17:24:57 underwriting process.

So if we actually

17:25:02 take a look at our admin -- or delivery expenses as a percentage

17:25:06 of the expenses and commitments, we are under 3% right now

17:25:09 .

So that's another set of numbers

17:25:14 that will change most definitely by the time we get to the next meeting.

 

17:25:18 And I would definitely expect it to, as a percent of project expenses

17:25:22 , we will be under that 7%.

Those two numbers will start moving

17:25:28 together.

So a lot of information there.

 

17:25:32 A lot of changes.

I think they are good changes and

17:25:34 they are showing progress in what we are doing.

 

17:25:38 So I would be happy to take any questions you might have

17:25:42 .

>> STEVEN HOLT: Any questions from

17:25:46 the oversight committee?

I see Susan

17:25:49 shaking her head.

And it looked like Todd shook his

17:25:54 head as well.

Yes, Allan

17:26:01 .

>> MIKE JOHNSON: You didn't let me

17:26:02 down, Allan.

Thank you.

 

17:26:07 >> ALLAN LAZO: Even though I had my second

17:26:12 COVID-19 vaccination today, I'm still alert enough to ask a

17:26:13 question.

>> MIKE JOHNSON: I'm doing mine

17:26:15 tomorrow.

Glad to hear it.

 

17:26:19 >> ALLAN LAZO: Curious on, you mentioned this expanded

17:26:24 category, but the number that's in the report, it

17:26:28 looks different than the -- what's on the screen there.

 

17:26:32 Am I not reading that right or is there not all projects on -- in the

17:26:37 report?

It's on page 2, right, the spend

17:26:39 column?

>> MIKE JOHNSON: Right.

 

17:26:42 You've got the original bond acquisition and expenses, the 52

17:26:45 million.

And to that there's another

17:26:50 [spend] 16 million, so that's where the 68 million comes from.

 

17:26:51 >> ALLAN LAZO: Got it.

Got it.

 

17:26:55 Okay.

I see [

17:26:59 expended] there's a 7%

17:27:04 cap on admin in the bond and so which of those numbers --

17:27:07 I'm assuming it's got to be the project expenses and commitments,

17:27:08 right?

It's got to be the total.

 

17:27:11 So it's 7% of that total, which is essentially the bond total?

 

17:27:14 >> MIKE JOHNSON: Right, right.

As I said, those two numbers will

17:27:19 get closer together as we go through.

It's 7%

17:27:23 over the life of the bond and any particular point in time

17:27:27 we -- especially doing this many projects up front and the nature

17:27:31 of how our expenses happen,

17:27:35 whereas if it was a construction project

17:27:40 the city was doing, the program delivery expenses might be a little

17:27:44 bit more of a bell-shaped curve.

Whereas

17:27:48 our expenses are more front loaded again because of the nature of what we

17:27:50 are doing.

All the work that Jill's team is

17:27:55 doing, I mean, they have been grinding on these dying projects for

17:27:59 , what, over a year now, Jill?

And then as she was showing, they

17:28:03 will get a little bit of a breather as they get into September and October,

17:28:07 but then I don't know if Andrew is on the call, but his team in the

17:28:11 construction corner then pick it up and actually my team starts adding

17:28:15 into it too.

But in terms of relative

17:28:20 cost of the delivery, definitely the more

17:28:23 of it up front here.

And we will see the same thing with

17:28:27 the next round we do also.

>> ALLAN LAZO: Got it.

 

17:28:28 Okay.

Good.

 

17:28:31 Thank you.

>> STEVEN HOLT: Thanks, Allan.

 

17:28:35 Any other questions for Mike?

17:28:42

Well, Mike, I think you are off the

17:28:44 hook.

So thank you very much.

 

17:28:46 >> MIKE JOHNSON: Thanks, everybody.

Have a good evening.

 

17:28:49 I'll stick around in case there's other questions.

 

17:28:51 >> STEVEN HOLT: Excellent.

Thank you.

 

17:28:55 We will move forward.

And

17:28:59 I think the planning for remaining

17:29:03 bond funds is to you, director Callahan.

 

17:29:05 >> SHANNON CALLAHAN: Thank you, Dr. Holt.

 

17:29:09 So, as we discussed at our last meeting

17:29:13 and as you just saw from the remaining

17:29:19 funds left to be allocated under the Portland housing bond,

17:29:23 we are presently targeting 36 -- just over

17:29:29 $36 million.

And that is not including the --

17:29:32 what we have set aside to include for administrative expenses.

 

17:29:36 So this is available for projects

17:29:40 in the future.

And so I just wanted to go through

17:29:44 a few key points to kind of ground us back

17:29:49 in that long ago world of the stakeholder

17:29:53 advisory group and a couple of other key things and then, frankly, take the

17:29:57 time to hear from our oversight committee members about things that we

17:30:02 should be considering or factoring from your perspective as we bring

17:30:06 forward a plan to

17:30:11 do more, build more, buy more, create more affordable housing.

 

17:30:15 So really the point of this next section is to pull out

17:30:18 a bit of information from you.

So I'm going to go pretty quickly

17:30:22 to give you just some background, again, to ground us in some of our

17:30:26 guiding principles

17:30:27 .

Next slide, please.

 

17:30:31 As you may recall from the stakeholder advisory group that

17:30:36 met, the priorities for priority communities were -- and are

17:30:41 communities of color, families, including families with children,

17:30:45 immigrant and refugees and intergenerational households,

17:30:49 households experiencing homelessness or at imminent risk and households facing

17:30:52 displacement.

Next slide, please.

 

17:30:56 Our progress on the bond, as you know, we are on target

17:31:01 to exceed our goals with the projects that are currently

17:31:05 in process and applying

17:31:10 a similar metric if we were to take those same funds and not

17:31:14 exceed $150,000 contribution

17:31:17 per unit.

We could expect potential of

17:31:25 another 245 units and/or potentially exceeding our total committee

17:31:29 to the voters by 33%.

So just to kind of put in context

17:31:34 what we have remaining.

Next slide

17:31:36 , please.

I also wanted to share with you

17:31:41 information about where the city and the county are in their shared goal

17:31:45 to create permanent supportive housing, which is part of our

17:31:49 commitment, to helping folks who are living on our streets

17:31:53 or in our shelters or people who need that extra bit of wrap

17:31:58 around services to truly be successful in our

17:32:01 housing.

So far to reach that 2000 unit goal

17:32:05 we have got 1265 either planned or

17:32:09 in operation.

We expect another 250 from

17:32:14 further progress on the metro bond.

And there's still

17:32:18 a need to identify resources for that goal of 485 units

17:32:20 .

So I wanted to share that with you

17:32:23 because I know we probably don't share that with you often enough, just to

17:32:28 know how the bond fits into some of our

17:32:31 --

Next slide, please.

 

17:32:35 Based on a little bit of a snapshot review, I would like

17:32:39 to and the team would like to pull out from you what

17:32:44 things, what considerations that we should be building in as we look

17:32:48 at the next planning phase for

17:32:52 having more resources.

So with that, I

17:32:56 would like to make sure that we hear from each committee member if that's

17:33:01 possible to share some thoughts and ideas

17:33:09 .

17:33:11

>> STEVEN HOLT: Thanks, director

17:33:13 Callahan.

I would like to call on each of the

17:33:17 oversight committee and I saw your hand go up first, Susan, so go.

 

17:33:19 >> SUSAN EMMONS: One of the geographical goals we didn't meet and

17:33:24 it wasn't we didn't try, was to get a building in southwest Portland

17:33:26 .

If at all possible, I would like to

17:33:30 see that a priority.

And I think I'm sitting on

17:33:34 the metro supportive house services oversight

17:33:38 committee and watching that roll out and that's going to be a lot of

17:33:42 resources to provide rent assistance and supportive services.

 

17:33:46 And it seems like any project we have going forward that we

17:33:50 fund, it would be nice to see a linkage, some sort of linkage between

17:33:55 that project and the supportive services that are going to be

17:33:57 available.

I don't know -- I don't know how to

17:34:01 talk about that.

A marriage,

17:34:06 just an encouragement to see a building that would be open to

17:34:10 housing chronically illness people knowing there are going to be

17:34:13 significant supportive services available.

 

17:34:17 So those were just some of my thoughts

17:34:18 .

>> STEVEN HOLT: Thanks, state of

17:34:22 Susan.

Director Callahan, did you want

17:34:25 to respond at all?

>> SHANNON CALLAHAN: I would rather

17:34:28 let everybody on the committee share their thoughts and comments.

 

17:34:31 If there's time at the end, I'm happy to give more detail but I want

17:34:36 to make sure each committee member has a chance to reflect

17:34:39 .

>> STEVEN HOLT: Thank you very

17:34:42 much.

Todd Struble.

 

17:34:46 >> TODD STRUBLE: The first thing that popped in mind was like a

17:34:50 geographic like presence of the projects

17:34:54 and, you know, where we did not get to southwest.

 

17:34:58 So I guess I kind of would -- in my head I was thinking I would like to

17:35:02 see the map again and see kind of that distribution over the

17:35:05 city.

And then the second part was

17:35:09 permanent supportive housing.

I'm not as involved as Susan in on

17:35:13 those discussions, but I think there was a

17:35:17 -- there's a strong need for it.

I think there was a commitment in

17:35:21 our bond to provide a certain number and if we can exceed that, I think

17:35:25 that would be good

17:35:27 good.

>> STEVEN HOLT: Thank you, sir.

 

17:35:31 I appreciate that.

Allan, your thoughts?

 

17:35:32 >> ALLAN LAZO: Thank you, Dr. Holt.

 

17:35:36 Yeah, I would agree with my colleagues, with Susan and

17:35:40 Todd, in both this leveraging of the resources that are around

17:35:44 for PSH right now.

But and then

17:35:48 add an and to that.

Given

17:35:52 how the work that you all have done to exceed the goals of the bond already,

17:35:56 it sort of puts us in this place where we have an

17:36:00 opportunity now where we are not -- we are not -- we are past the

17:36:05 finish line to some degree.

And so we have the opportunity to

17:36:09 do something that we are not necessarily required to do, is what I

17:36:11 would say.

We could do something that could

17:36:15 meet some very specific needs, whether that's around PSH or

17:36:19 geography.

The other geography was inner north

17:36:21 and northeast.

And maybe it's looking at different

17:36:25 income levels or specific communities.

Because there are a lot of

17:36:29 PSH resources right now.

So it's curious to look

17:36:33 at, you know, one way to think about it might be kind of

17:36:37 in scrolling through the summary right now and try to visualize whether or

17:36:42 not there's any gaps that are there, if we were to take a matrix

17:36:45 of those original priorities against what we actually ended up with, you

17:36:50 know, would we see a gap anywhere?

And I'm not sure

17:36:54 that there are any glaring ones.

And so maybe

17:36:58 it is just looking for that special opportunity with those

17:37:04 funds that might arise and, you know, whether that's geographically

17:37:07 or community specific.

So that's kind of what I would say

17:37:11 is -- you know, the upside of where you all have put us is we are not -- you

17:37:15 know, we are not sort of not scrambling at the end to meet the goals

17:37:18 .

You know, if we have a very

17:37:21 specific opportunity that comes up, I think I would be comfortable saying

17:37:26 let's look at it rather than saying, well, we can't because

17:37:30 we still need to meet all these other goals

17:37:32 .

That's where my thinking is at

17:37:35 right now.

>> STEVEN HOLT: Thanks, Allan.

 

17:37:39 Appreciate that

17:37:42 .

Anneliese.

 

17:37:46 >> ANNELIESE KOELER: Ditto to what everyone else has been saying.

 

17:37:48 I had a thought as to deep southwest.

 

17:37:52 I would want to see a map of the available housing that's available in

17:37:55 Portland and lay the bond on top of it because I don't know if there's

17:37:59 already a bunch of affordable housing that exists in southwest Portland so

17:38:03 less of a need and wanting to think about it holistically

17:38:07 as opposed to just our bond projects.

And, yes, obviously, a

17:38:11 strong commitment for PHS and zero to 30.

 

17:38:15 The other thing that is in my head and I don't know if this is really the

17:38:19 right tool for it, is I think we are

17:38:23 really yet to grasp kind of the

17:38:27 ramifications from

17:38:31 the pandemic and COVID-19 on our community and what that will mean for

17:38:35 our community members and kind of just from a more business perspective, what

17:38:39 it means for the real estate market.

And

17:38:43 so part of me wants to kind of hold tight a little bit

17:38:47 on it or just see what opportunities might arise,

17:38:52 whether they are urgent in their nature to respond to

17:38:56 COVID in some way, and they are bond dollars.

 

17:38:58 They are not going to be structured as rent assistance.

 

17:39:00 I know that.

But thinking about the unknowns of

17:39:04 the pandemic and what our community will look like and if there maybe is

17:39:09 an opportunity, since, as Allan pointed out, like we have

17:39:13 really met our goals and so what that means to me is there's an opportunity

17:39:17 to be very nimble and flexible in a way

17:39:22 that sometimes we are not

17:39:23 .

>> STEVEN HOLT: Thank you very

17:39:25 much.

Director Callahan, I think we have

17:39:29 got a couple minutes if you'd like to frame anything up before we move

17:39:31 to the next session, that would be great.

 

17:39:34 >> SHANNON CALLAHAN: I appreciate all of your very thoughtful comments.

 

17:39:37 This will not be the end of the discussion, but before we start to

17:39:41 develop plans, I wanted to make sure that we heard from each of you.

 

17:39:45 We do have some concepts, but things we really need

17:39:49 to come at together as a team.

I also

17:39:53 just wanted to know, we still had 51 vouchers remaining

17:39:58 .

At least thus far from our

17:40:01 commitment from Home Forward and I think in conversations that I have had

17:40:06 with the joint office about the supportive housing services measure, I

17:40:10 definitely think we can achieve

17:40:14 additional rent assistance support

17:40:18 and -- for permanent housing so I believe it's possible for us to

17:40:23 make a strategic decision about a priority

17:40:27 population and a way to build a building

17:40:30 that is serving a particular focus with supportive house.

 

17:40:34 I also think we have some opportunities to potentially be

17:40:38 opportunistic with some of these resources as well, and we will be sure

17:40:41 to come back with you and do the mapping again.

 

17:40:45 Now, we will make sure to get a map out for you so you can see some

17:40:50 of the other areas where there is not as much

17:40:53 affordable housing, not just related to the bond.

 

17:40:57 I will say we have been working with metro on metro's bond,

17:41:01 related to southwest Portland.

It is a harder

17:41:05 topography and there's not as

17:41:09 much available land especially that the light rail line is not at any

17:41:13 point imminent.

So that is at least a consideration

17:41:15 on my part.

And I would be remiss if I also

17:41:20 didn't say I think east Portland, although we have invested

17:41:24 significantly in east Portland, I think a continual investment in the area

17:41:28 that we know -- you know, east Portland is where we are seeing

17:41:32 rent increases.

The central city we are not.

 

17:41:35 Even during the pandemic as the central city's rents are coming

17:41:40 down, east Portland is rising a

17:41:43 tiny touch, which is clearly showing the displacement even during this time

17:41:45 period is more of a risk.

We will come back with you and

17:41:48 provide you more information.

And just wanted to thank you for

17:41:52 your thoughtfulness in helping us as we guide the next steps and I am so

17:41:57 excited that we are going to be able to do more and create more affordable

17:42:01 housing with our resource and I wanted to thank you for your guidance as a

17:42:05 committee and I wanted to thank the entire

17:42:10 PHB team who has been working on these projects

17:42:14 alongside our community partners.

And I am, frankly, amazed

17:42:18 how much everyone has been able to keep on track to know that we are

17:42:22 going to have all of our buildings at some phase of construction

17:42:24 by the end of this year is pretty exciting.

 

17:42:28 So just gratitude to our community partners

17:42:31 and yourself and our team and thank you.

 

17:42:33 >> STEVEN HOLT: Thank you, director Callahan.

 

17:42:37 Incredible to be at this space and the opportunities that are in front to

17:42:40 do more.

How appropriate.

 

17:42:43 How fantastic.

We are now at our next section, the

17:42:47 project team presentations.

Tanya, I believe that falls to you

17:42:48 .

>> TANYA WOLFERSPERGER: Yes.

 

17:42:52 Thank you, Dr. Holt.

I am Tanya Wolfersperger again

17:42:55 .

I just want to kick us off.

 

17:42:59 We have got two project teams coming to speak with you all

17:43:03 tonight on our Stark Street Housing project and 3000 southeast

17:43:06 Powell team is back to give you an update.

 

17:43:10 So I wanted to start by introducing and handing over the

17:43:14 reins of presentation to

17:43:18 Ryan winterburg and Andy

17:43:24 from -- answered

17:43:29

>> Andy: Dr. Holt, members.

17:43:32 Committee, good evening, everyone and thank you all for your service,

17:43:33 overseeing this critical public resource.

 

17:43:37 I appreciative the time and the attention you give to this task and

17:43:40 it's an important one.

I'm Andy Miller, I am the executive

17:43:44 director of human solutions and co-presenting with me tonight is our

17:43:49 senior project manager, Ryan winterburg lip.

 

17:43:53 We will try to proceed through the slides quickly and present the project

17:43:57 and save some time to answer any of your questions

17:44:02 .

So next slide, please

17:44:06 .

So briefly, many of you may be

17:44:10 familiar with human solutions, but for those who are not, we are a

17:44:14 community-based nonprofit that has been pushing back on the forces causing

17:44:19 poverty and homelessness in east Portland and east malt Nome county for

17:44:23 the last 32 years.

We have a team of 140 staff and

17:44:27 they deliver a range of services.

Those services include

17:44:31 the operation of three shelters providing support and rehousing

17:44:36 services for families and adult women experiencing homelessness,

17:44:40 as well as a range of housing and economic justice programs that provide

17:44:44 resources and support, so families in these counties can achieve real

17:44:48 housing and economic security.

It's really what we do.

 

17:44:52 But we also have an affordable housing

17:44:57 development corporation and we develop, own and operate affordable

17:45:01 housing, including permanent supportive housing and

17:45:03 you see some of the numbers listed up there.

 

17:45:07 One change since this slide was produced, we now have a 17-

17:45:11 17 apartment communities across our service area.

 

17:45:15 The latest being the Nick fish, our project that

17:45:19 just opened on discovery park in east Portland and we will

17:45:24 will also be the new location of

17:45:27 our Portland site offices.

Excited to be moving in there as

17:45:31 well as many of the affordable housing residents.

 

17:45:35 So with the next slide I'm going to turn it over to Ryan -- oh,

17:45:37 I'm sorry.

I got one more to do.

 

17:45:41 So this is the project partners.

Our funders, the Portland

17:45:45 housing bureau, thank you.

And Oregon housing community

17:45:49 services.

Also you see our development team,

17:45:54 Colas construction is the general contractor,

17:46:03 Ho LST.

Holt

17:46:08 and Colas have been with us at this site since we acquired

17:46:12 , for future development which we are finally ready to begin.

 

17:46:16 But for a brief period it did serve as a temporary family shelter

17:46:20 [HOLST] in the aging

17:46:24 building that was on site when we acquired it and Holt and Colas

17:46:29 donated generously a lot of their time to

17:46:34 refurbish their building and get it up to speed for use as a shelter.

 

17:46:38 The shelter as a permanent home at 77th and Powell at a former

17:46:42 motel, now known as our Lilac meadow shelter.

 

17:46:46 You see list here our service partner, Lifeworks

17:46:49 northwest who will be providing behavioral services at the project.

 

17:46:53 I will say more about that later.

Now I am going to turn it over to

17:46:57 Ryan to walk you through the project specifics and highlights

17:47:00 highlights.

>> RYAN: Thank you, Andy, my name

17:47:02 is Ryan.

I'm a senior housing project

17:47:05 manager with human solutions.

I will give you an overall kind of

17:47:08 perspective of the project and some of the things that we think are

17:47:11 interesting to report back.

So thank you for having us here

17:47:16 with you tonight, committee members.

So the Stark Street

17:47:20 project, and I think you may have heard of it before, but if not, is a

17:47:24 nice refresher, it is 93 units total.

One-third of those units will

17:47:28 be at zero to 30% of AMI and the remaining

17:47:32 62 are at 60% AMI for

17:47:36 the setaside though our intention is to rent

17:47:41 the units at approximately -- to meet the needs of

17:47:44 the communities that we serve in east Portland.

 

17:47:48 About half of the units will either be two or three-bedroom to provide

17:47:52 housing specifically for families.

Human solutions and Lifeworks

17:47:55 northwest will be the two service providers serving the permanent

17:47:58 supportive housing units and also the entire community there and I'll talk

17:48:02 more about how those services work.

The priority communities that we

17:48:07 anticipate will be served by the Stark Street project meet the

17:48:11 bond's solicitation priorities and also what we know about operating

17:48:15 housing for formerly homeless families

17:48:17 .

We know that the ways of

17:48:21 displacement from other higher cost Portland neighborhoods are

17:48:25 forcing people to east Portland communities and there's also a

17:48:29 concurrent increase in cost in east Portland as rents continue to

17:48:33 rise where they traditionally have been more depressed.

 

17:48:37 And we know that families, particularly communities of color

17:48:41 or families who have children in schools, are those who are most

17:48:45 impacted by those forces.

So we are really going to be

17:48:49 targeting partnerships when it comes to lease up to serve these particularly

17:48:52 impacted communities.

And we anticipate that the project,

17:48:56 when it is complete, will provide quality housing for over 221 people

17:49:00 .

Next slide, please.

 

17:49:03 Thank you.

So in terms of some project

17:49:07 highlights, our site is located at the intersection of southeast stark

17:49:11 and 160th, which is in the city's official Glen

17:49:16 fair neighborhood and it's in what is oftentimes considered the Rosewood

17:49:18 neighborhood which is one of the most diverse neighborhoods in Portland.

 

17:49:22 I believe about 28% of residents in Rosewood are

17:49:26 foreign born.

Incredibly diverse vibrant and

17:49:29 evolving community.

And human solutions has been part

17:49:33 of the Rosewood initiative's community driven strategy for hole

17:49:37 istic neighborhood revitalization for many years now

17:49:39 .

And the intent of providing

17:49:43 affordable housing within this strategy is that quality housing can be created

17:49:48 before costs increase and gentrification and displacement occur

17:49:52 to ensure that the neighborhood remains a diverse and vibrant place.

 

17:49:56 We are excited to be able to be part of that overall community driven

17:49:59 strategy in the neighborhood.

Our site is really well served by

17:50:03 number of amenities.

I will point out it's two blocks

17:50:07 away from a Maxx station so incredibly well connected to

17:50:11 the region and like Andy said, this site we are

17:50:14 particularly excited for the redevelopment because it's been a long

17:50:16 time coming.

Our new building will replace the

17:50:21 now vacant former family center shelter which -- the neighborhood is also

17:50:25 incredibly excited for a

17:50:29 transformational investment.

It's a visible and critical block

17:50:33 and will set the tone for community driven exciting investments in this

17:50:38 particular side of Rosewood that haven't

17:50:41 happened in many years.

A few project highlights.

 

17:50:45 Our new building will be five stories, including 93 units and 27

17:50:49 onsite parking spaces.

And certainly elements of our

17:50:52 programming were informed by community engagement that we have been doing

17:50:56 through the Rosewood initiative for several years and also with our

17:51:01 partners and our staff, many of whom represent the community

17:51:05 and one of the things that we heard is that to design intentional housing for

17:51:08 families, we really needed to provide spaces both indoor and outdoor for

17:51:11 play activities.

So this is an image of our outdoor

17:51:15 play area and you will see an image of our indoor play area soon

17:51:18 but that's a particularly exciting way to meet the needs of families.

 

17:51:22 We are also seeking earth advantage multifamily platinum

17:51:26 certification, which is an awesome way to implement the

17:51:30 PHB green building policy.

Really intentional and meaningful

17:51:33 about meeting some of the green building targets.

 

17:51:37 In terms of timeline, we anticipate

17:51:41 starting construction in June 2021 and finishing up in early January

17:51:43 2023.

Next slide, please.

 

17:51:47 In terms of overall project funding sources, we were so excited

17:51:51 to be awarded just about 14.9 million from

17:51:56 the PHB housing bond and that does include that program delivery fee

17:52:00 that's sort of baked in which allows us to leverage over $24 million

17:52:04 of other public and private funds, including about

17:52:09 $11 million in tax credits, loan from JPMorgan Chase

17:52:13 of under 6 million.

We received LIFT funding from the

17:52:17 state of Oregon, about 3.8 million.

And funding from what is now

17:52:22 known as the

17:52:26 men program.

A number of different grants

17:52:29 including metro, the Collins foundation, my memorial trust, as well

17:52:34 as the Schweikert foundation that we have done in partnership with

17:52:37 our fantastic development fundraising team.

 

17:52:41 And we have received about $1.5 million in S

17:52:44 SDC exemptions in the city of Portland which is meaningful and something that

17:52:48 is not found across all the jurisdictions where we do work.

 

17:52:52 It's worth pointing out those exemptions are

17:52:55 meaningful for affordable housing and we have a $1 million deferred

17:52:59 developer fee which gets

[INDISCERNIBLE]

 

17:53:02 Project cost.

We consider $37 million because we

17:53:06 don't factor the SDC exemptions

17:53:09 in here.

Just shy of $40 million.

 

17:53:10 Go onto the next slide.

Great.

 

17:53:14 Our project is currently in predevelopment as we are planning

17:53:19 starting construction in June

17:53:21 .

We are aligned with the bonds

17:53:24 solicit Tyson priorities and also with human solutions' mission in providing

17:53:28 housing and services to our east Portland and east Multnomah County

17:53:31 communities.

And while human solutions has been

17:53:35 providing permanent supportive housing services for the last 16 years, we

17:53:39 have done that in a variety of new construction projects that we own,

17:53:40 also services for other housing providers.

 

17:53:44 This was a really exciting opportunity for us to be intentional

17:53:48 about design of our building and all of the partnerships that built in,

17:53:52 really to meet the needs of families and supportive

17:53:56 housing.

We should point out that the rating

17:54:00 together of a capital source, services dollars and a

17:54:04 rental subsidy that came through the bond solicitation has really allowed

17:54:07 us to do that.

That has not always been the case

17:54:10 in a lot of our experiences so we have been meaningful and sustainable about

17:54:14 what it means to operate permanent supportive housing.

 

17:54:18 On the design side we have been working with our architects

17:54:22 at Holt to integrate theories of trauma informed design, into

17:54:25 the building in many different ways to meet the needs of future residents.

 

17:54:29 It's been an exciting opportunity for us to be very intentional

17:54:32 .

One of the exciting partnerships

17:54:35 that we are able to do because of the services funding that was offered

17:54:40 through the bond solicitation is an onsite mental

17:54:43 and behavioral health partnership with Lifeworks northwest.

 

17:54:47 We heard loud and clear through our community engagement that there was a

17:54:52 community desire for low barrier, super accessible

17:54:55 mental and behavioral health services.

 

17:54:58 Something that a lot of community residents struggle with, whether

17:55:02 that's from an insurance perspective, physical pip tiff

17:55:06 perspective or stigma services.

The services dollars offered

17:55:10 through the bond solicitation that Lifeworks northwest mental health

17:55:13 practitioner will be on site and able to serve every resident of the

17:55:16 building who gets their health insurance through the Oregon health

17:55:18 plan.

So not just the permanent

17:55:23 supportive housing residents but everyone on site because we know low

17:55:27 income people and communities of color experience systematic trauma in

17:55:31 lots of different ways so certainly a need for mental and behavioral

17:55:34 health services.

And one thing that we forgot to

17:55:38 note here on this slide is that we are

17:55:43 able and it's exciting for us to do this, going to be able to offer

17:55:47 high-speed internet access for free to every resident already plugged into

17:55:51 their unit and available through wi-fi, as well as all of the common areas in

17:55:55 the building, which we have learned has been particularly important now

17:55:59 that COVID has truly just laid bare to us the inequities in

17:56:03 many ways but also when it comes to Internet and technology access.

 

17:56:06 It's exciting we will be

[INDISCERNIBLE]

 

17:56:10 And then Andy will talk more about partnerships at the end but in

17:56:13 terms of milestones we expect our building permit to be ready probably

17:56:17 in just the next few weeks, in May.

We will close our financing in June

17:56:22 , start construction and then, like many projects, we will be entertaining

17:56:26 probably what may be a virtual ground breaking

17:56:30 summer but with he would love to find a way to make it socially

17:56:34 distant and in person.

Stay tuned on that.

 

17:56:38 Construction is expected to take 19 months overall

17:56:44 .

There's been a couple changes since

17:56:47 this project came before you or you have seen information about it.

 

17:56:50 First of which is that we found an opportunity during design to include

17:56:55 more three-bedroom units and we stepped it up to meet the needs of a

17:56:59 families in east Portland.

We have also been able

17:57:04 to do an entire brick facade of the building,

17:57:07 so that's something that's really exciting both from a durability

17:57:10 perspective in the ongoing sustainability and life of the

17:57:14 building, but offers a classic aesthetic and a really

17:57:19 lovely exterior that we think will really set a lot of context in this

17:57:22 particular part of Rosewood that hasn't seen a lot of investment in the

17:57:26 past.

And we received funding from the

17:57:30 OHCS LIFT program last summer which enabled us to shake some of the

17:57:35 decisions like Internet readiness, larger three-bedroom units which are

17:57:39 more expensive.

We were also able to include a

17:57:43 solar array on the roof and really meaningfully implement

17:57:47 the PHB green building policy.

Next slide, please

17:57:51 .

And then just a little update on

17:57:57 our WB contracting goals.

Colas

17:58:00 is our general contractor and they are the largest black owned general

17:58:03 contractor in the Pacific Northwest.

And one of the many reasons that we

17:58:07 love working with Colas is that MWE

17:58:10 SB participation is really an inherent part of their mission.

 

17:58:13 They take it to heart.

It is baked into their values at

17:58:15 every level and they do this in a really meaningful way.

 

17:58:19 They mentor, they outreach, they have incredible transparency.

 

17:58:23 And truly long-term relationships with their M

17:58:28 WESB subcontractors which aligns with our values when it comes to

17:58:34 MWESB subcontractors.

Our sole participation

17:58:38 is shy of 32% which results in about $6.86 million

17:58:42 to MWESB firms so we are

17:58:46 excited to spend our money in a way that aligns with our values.

 

17:58:50 Next slide, please.

And then like I mentioned,

17:58:56 we are thrilled to be able to implement permanent supportive

17:59:00 housing meaningfully, sustainably through the bond opportunity

17:59:04 solicitation, knitting together a funding has been incredibly

17:59:06 impactful.

But one of the challenges that is

17:59:10 always present in affordable housing is that the approval process is

17:59:13 and for all of our many sources can be complex.

 

17:59:17 So we have multiple public funders with multiple processes

17:59:22 and timelines that we all have to sync up together and we have to sync them

17:59:25 up with our lenders and our investors and have our own internal processes.

 

17:59:29 So it's a carefully orchestrated dance that is sometimes

17:59:34 hard to align perfectly with the iterative and sort of fast

17:59:38 timing of real estate project.

So it's particularly

17:59:42 challenging right now. You may have heard of

17:59:46 capacity limits and blackout dates with the state of Oregon when it

17:59:50 comes to their closing timelines so we are driving really hard to hit all of

17:59:55 these multitude of deadlines.

We are also wrestling with the

17:59:59 H.U.D. subsidy layering review process, which, I think, all of the

18:00:03 projects that -- are also navigating and we have

18:00:07 built in an extraordinary amount of time to navigate that process

18:00:12 , but, again, sort of -- the system that we work

18:00:16 in doesn't always line up well with an iterative and fast

18:00:20 moving real estate process.

And then the final challenge

18:00:24 I think that I'll mention is

18:00:28 not a challenge that is unique to our project or to affordable housing

18:00:34 or -- but probably every real estate project in the United States at this

18:00:38 very moment, is that there are certain commodities that are really volatile

18:00:42 because of some very large market factors.

 

18:00:46 They are a little hard to predict and hard to get the timing right of

18:00:49 when to buy materials.

Supply chain is a challenge and

18:00:53 availability of some of the components and systems that go into buildings.

 

18:00:57 So we, like many projects, have been navigating this very closely with

18:01:01 our contractor and with their subcontractors.

 

18:01:05 Colas is in close communication with their subs

18:01:09 to identify exposure on certain materials, ways to

18:01:13 mitigate it and find budget solutions along with our architect team that

18:01:18 can keep the project on budget without sacrificing quality to the residents

18:01:21 or quality to the overall asset in the community as well.

 

18:01:25 So I think now I will switch it over to Andy on the next slide

18:01:30 , who will wrap up what we have learned from community engagement

18:01:34 and we will move forward.

>> Last time

18:01:37 and I will make it quick.

We engaged early and often with the

18:01:40 community on this project.

We really benefited greatly from

18:01:44 our partners at the Rosewood initiative, which is

18:01:49 the neighborhood

18:01:53 prosperity initiative, nonprofit whose offices are right across the street

18:01:55 from Stark Street Housing.

And they have been engaged in

18:02:00 creating a neighborhood vision for Rosewood that includes

18:02:04 the range of housing types and community

18:02:08 assets, wellness assets and educational strengthening

18:02:12 that folks living in the neighborhood feel that they need.

 

18:02:16 And so the project really benefited in terms of its design and

18:02:20 programming from those conversations.

18:02:24 As Ryan mentioned, we over the last couple of years did a deep assessment

18:02:28 of our own supportive housing focus groups with our

18:02:34 residents and really learned about the need for onsite behavioral

18:02:38 health services from folks who have been living in supportive

18:02:40 housing where that amenity doesn't exist.

 

18:02:44 So that really resulted in the Lifeworks northwest partnership

18:02:46 .

And then we are -- we have been

18:02:51 working really closely with Reynolds school district,

18:02:54 Glen fair elementary and HB Lee middle school.

 

18:02:58 This project lies in those areas.

Those are two schools that

18:03:02 experience very high rates of school mobility, which really negatively

18:03:05 impacts the school environment.

Families have to move frequently in

18:03:09 and out of the catchman area during the year, change schools.

 

18:03:13 So we will be working closely with their homeless student

18:03:17 liaisons to try to coordinate around, lease up and provide

18:03:21 , hopefully, a stable and permanent home for families that have

18:03:26 been experiencing deep instability and insecurity in their housing,

18:03:30 already living in the neighborhood, have an existing partnership

18:03:35 with IRCO and are in the process of discussing a partnership with the

18:03:39 Urban League of Portland to

18:03:43 help BIPOC families from the communities that both of

18:03:48 those organizations work closely with during lease-up

18:03:52 period so we can kind of maximize lease-up of folks

18:03:56 from BIPOC households who, again, have been experiencing deep and ongoing

18:04:00 housing and security in east Portland.

 

18:04:04 So that's just a snapshot of the community

18:04:06 engagement.

And I think we will step back now

18:04:11 and see if we have -- you have any questions we can answer

18:04:13 answer.

 

 

18:04:15 >> STEVEN HOLT: Thank you very much.

 

18:04:19 Any questions from the oversight committee

18:04:24 ?

18:04:26

>> TODD STRUBLE: I would like to

18:04:30 hear more about the Internet on site.

That's such a cool idea

18:04:34 .

We worked on as part of our COVID

18:04:38 relief efforts in the past year, worked on a technology

18:04:42 grant to bridge the divide and it really put in

18:04:46 stark terms how important it is to have access to that.

 

18:04:48 I would love to hear more about that.

 

18:04:50 >> Sure.

I would be happy to share more.

 

18:04:53 I will say we are still in negotiations with the specific

18:04:58 provider that we ended up going with.

Either a Comcast or CenturyLink and

18:05:02 both have their trade-offs and I'm sure everyone knows a lot

18:05:06 about your experience personally with either

18:05:08 .

And the contracts that we have been

18:05:12 able to explore with those two providers really leverage the scale

18:05:16 of services and that the project budget will

18:05:20 pay as a guarantee for Internet for all

18:05:23 93 units as well as the community spaces.

 

18:05:27 So that's able to leverage kind of a discounted rate, certainly

18:05:31 better than any individual resident could achieve for

18:05:35 themselves.

And there's a couple different

18:05:37 models.

One of which, the development

18:05:42 budget would pay a higher up-front installation cost

18:05:45 but essentially pays for the infrastructure for the utility

18:05:49 provider to wire the building and provide readiness to every single unit

18:05:53 and then the operating budget pays for, essentially, kind of like a

18:05:57 monthly access fee for each unit.

So there is a higher up-front

18:06:01 capital cast to the project baked into the development budget, which I would

18:06:06 say is possible for us because we have received LIFT funding

18:06:10 and we have received generous public funding and done

18:06:14 really well in our capital campaign.

Because it's easily

18:06:19 $100,000 in up-front costs so not something that a lot of affordable

18:06:24 housing projects can do.

But we know is critically

18:06:28 important going forward for the equity of our future

18:06:31 residents.

And it will reduce an expense to

18:06:36 households, because really what we have heard through our resident

18:06:40 services managers and our work in the city's digital inclusion network is

18:06:44 that many of our families can

18:06:48 pay $0 a month for Internet access

18:06:50 which means that they should not have it.

 

18:06:54 We can bake it into the operating cost through additional

18:06:58 public subsidy.

So I do hope to see greater

18:07:03 initiatives at scale that make this opportunity available to

18:07:07 more affordable housing projects and not just our ability to negotiate with

18:07:11 Comcast and CenturyLink and I think

18:07:15 this digital inclusion work has been making some important headway that so

18:07:19 we stay involved in that as well.

Thanks

18:07:20 .

>> TODD STRUBLE: Thank you.

 

18:07:24 I don't have any other questions.

But I want to say, I said this

18:07:28 about the other site as well but the connection to a neighborhood

18:07:32 prosperity network site with the initiative, I think

18:07:36 it's a great example of public resources being leveraged familiar

18:07:40 with the

[INDISCERNIBLE]

 

18:07:43 >> TODD STRUBLE: To include and have their support is really gratifying for

18:07:48 me to see in these projects.

Thank you.

 

18:07:49 >> Thank you.

It's our hope this is the first,

18:07:54 not the last of the redevelopment projects that include affordable

18:07:58 housing in this neighborhood

18:08:02 .

>> STEVEN HOLT: Thank you very

18:08:03 much.

Any other questions from the

18:08:07 oversight committee?

>> ALLAN LAZO: Dr. Holt, I don't

18:08:10 have a question and I know we are running short on time.

 

18:08:12 I want to say thank you.

This is actually the neighborhood I

18:08:14 grew up in.

These are the streets that I ran

18:08:19 around on when I was a kid so it's amazing to me to see what's going out

18:08:20 there.

One of the other things is the

18:08:24 displacement of communities of color and immigrant and refugee

18:08:29 are settling out there and I want to make sure these projects serving those

18:08:32 communities are getting the recognition they deserve to do that because I

18:08:36 notice, for instance, on our dashboard, I think

18:08:40 maybe -- so many different great communities that we don't have room to

18:08:43 put communities of color in that square so I want to make sure that we know

18:08:47 that folks that are working in east Portland are serving those communities

18:08:51 and so I don't know how we capture that or making sure that we are capturing

18:08:55 -- when we are talking about a project like this but it's vitally important

18:08:58 to the work you are doing out there.

If we had more time I would love to

18:09:02 hear more about what we can do in east Portland, given the previous

18:09:05 conversation we had but we are not going to have time.

 

18:09:09 Very short on time.

But just a quick thank you

18:09:15 .

>> Andy: You know where to find

18:09:18 me.

Always happy to have that

18:09:19 discussion.

>> STEVEN HOLT: Thank you very

18:09:21 much.

Great comment.

 

18:09:25 We are pushing time.

That is accurate.

 

18:09:28 We don't want to be insensitive at the same time.

 

18:09:31 We want to make sure that we are appropriately communicating the things

18:09:36 that need to be covered.

And so we have

18:09:40 next the 30th and Powell Home Forward project and we are going to

18:09:44 give you some moments to communicate and give us an update

18:09:48 what is happening with that project.

And then right after that, we are

18:09:52 going to have some moments with our commissioner, who is the new housing

18:09:57 commissioner, as of this year, commissioner Dan Ryan

18:10:02 .

Thirtieth and Powell, going forward

18:10:04 .

>> AMANDA: Thank you for having

18:10:08 us.

I'm Amanda Saul with Home Forward,

18:10:12 an assistant director in the development department and with me

18:10:16 here tonight is Ben Loftis, one of our finance

18:10:17 managers.

I was thinking as I was getting

18:10:21 ready for this that I gave a presentation to you all

18:10:26 a year ago and I think it was about three weeks after

18:10:30 we all went remote and it was the first presentation I

18:10:33 had given over Zoom and I was thinking, well, it's a year later and

18:10:36 here we are and I'm more ready than I was a year ago.

 

18:10:40 So that's good.

So I'm here to give a brief update

18:10:45 about 30th and Powell, which is the site that's located on

18:10:49 southeast 30th and Powell, a site that was purchased by the Portland

18:10:53 housing bureau a few years ago.

Tanya, can you go to the next

18:10:57 slide?

18:11:00

Sorry.

 

18:11:03 Just really quick.

Do we have the renderings and the

18:11:07 site plan as well?

Could we do those first?

 

18:11:09 >> TANYA WOLFERSPERGER: I can bring those up if you would like.

 

18:11:12 Which one would you like to see, Amanda?

 

18:11:15 >> AMANDA: Can you show the site plan?

 

18:11:18 That would be great.

I think that will help orient us a

18:11:19 little bit.

>> TANYA WOLFERSPERGER: I'm going

18:11:23 to stop sharing my screen for a second and bring that up

18:11:24 .

>> AMANDA: Thank you.

 

18:11:28 Sorry

18:11:44 .

Thanks.

 

18:11:48 So just to sort of help orient people, this is

18:11:52 30th on the right-hand side of your -- excuse me.

 

18:11:53 This is Powell on the right-hand side of your screen.

 

18:11:58 This little half street that you see at the top is 30th avenue

18:12:01 .

And then this building is what will

18:12:05 become the Powell project.

And I'll just

18:12:09 remind folks that about a year ago, in March, we

18:12:14 bought an additional site, sort of at the back of this site,

18:12:18 to help create a bigger, better and

18:12:22 more developable project.

And so I just wanted to show

18:12:27 the site plan because it gives you a sense that it incorporates the

18:12:31 two lots.

There is some parking in the back.

 

18:12:35 And then also access off of 31st street

18:12:39 down here at the bottom of your screen on the left-hand side

18:12:41 .

As I talk about other things, it

18:12:45 will just -- it just helps for a little bit of context to be able

18:12:49 to to see what the site looks like currently.

 

18:12:53 Thanks, Tanya.

You can go back to the slides now

18:13:05 .

Thank you.

 

18:13:09 So just to update folks,

18:13:13 this project is a total of 206

18:13:15 units.

From the last time we were before

18:13:19 you, it's reduced by four units, which was just to make everything

18:13:23 fit sort of in the building footprint.

 

18:13:27 It's a total of 68 units that will serve folks at

18:13:31 0 to 30%, and 30 of those units will be set aside

18:13:36 for family PSH units.

There's a total

18:13:40 of 59 two-bedroom units and six three-bedroom units

18:13:44 .

The two and three-bedroom units

18:13:48 will also have project-based vouchers to ensure that

18:13:52 extremely low income people only have to pay 30% of their income

18:13:56 to live there.

We are right now working

18:14:01 closely with a joint office of homeless services to develop our

18:14:06 services partnerships and they have helped us to

18:14:10 identify that right now the LatinX community and chronically

18:14:14 homeless families in LatinX community are underserved by

18:14:19 our TSH projects, and so we are working to develop

18:14:23 those partnerships and create those services plan

18:14:27 to make sure we are serving folks that are most in

18:14:32 need.

And just overall

18:14:36 that one of the metrics that the Portland housing bureau uses

18:14:40 is just estimated number of people housed.

 

18:14:44 So we estimate that this project will serve about 362 people

18:14:49 .

Next slide, please

18:14:52 .

This picture on the right is the

18:14:57 back of the housing project, which is when we added the

18:15:01 additional lot, it allowed us to provide a lot more out

18:15:06 door space.

So we are able to incorporate a

18:15:10 half court basketball hoop, a children's play area, both outside and

18:15:15 inside, some raised garden beds and a really nice seat

18:15:17 ing area as well.

So I feel like this really gives

18:15:21 you a sense of what it will be like to live there

18:15:23 .

On the left-hand side of the screen

18:15:28 you see the sources of funding.

Portland

18:15:32 housing bond is a huge, important source for this project.

 

18:15:36 This number includes the admin fee, as Ryan

18:15:40 was saying earlier, we also benefit from systems

18:15:45 development charge waivers in the city of Portland, which makes a huge

18:15:49 difference.

Low income

18:15:54 housing tax credits, permanent loan and then a seller note for the land

18:15:58 value and then Home Forward's deferred developer fee helped to

18:16:03 create all of the funding to make this project possible

18:16:07 that will be about $80 million.

And the housing bond funds

18:16:12 are leveraged about 2 1/2 times.

Next slide

18:16:16 , please.

As Jill Chen was saying earlier, we

18:16:20 are currently in predevelopment, but moving

18:16:24 towards construction quickly and we are excited about that

18:16:28 .

We received design review approval

18:16:32 in March.

And then plans were also submitted

18:16:36 for building permits in March.

18:16:40 We have had to do a lot of work with PBOT and ODOT

18:16:45 and PGE.

The site on Powell is

18:16:49 a state highway and so access to

18:16:54 30th avenue and what it's used for has been a big topic of

18:16:58 conversation and has impacted our design and our land use

18:17:02 process.

We are also in the process of

18:17:07 gathering our financing partners

18:17:10 partners.

We expect our plans to go out to

18:17:15 bid in June and as with the last project that you heard about,

18:17:19 our project team is Colas construction

18:17:23 and Holt architecture, same team members.

 

18:17:26 We feel really lucky to be able to work with them.

 

18:17:30 Colas does an incredible job doing outreach and helping

18:17:35 to meet really aggressive

18:17:39 NWBS equals which also align with Home Forward's values.

 

18:17:43 And so that has been exciting to work with them and do

18:17:47 that outreach and target some of

18:17:52 those BIPOC-owned subcontractors

18:17:56 subcontractors.

The other milestones are that we

18:18:00 will select our lender and investor --

18:18:04 our lenders and investors in May and we are supposed to receive permits and

18:18:06 close at the end of August and probably start construction the

18:18:11 beginning of September.

Next slide, please

18:18:17 .

Just to remind you, the site

18:18:21 about a year ago, when we purchased the back lot, was expanded

18:18:26 from 1.2 acres to 2 1/2 acres and at that

18:18:30 point we increased the number of units from 180 to

18:18:33 206.

That allowed us to add parking and

18:18:38 another access off of southeast 31st avenue

18:18:42 and to add much more generous outdoor space

18:18:46 and play area and raise garden beds and seating

18:18:52 area.

When I see the renderings that went

18:18:56 to the design review board, I think this is the place I want to live

18:19:00 and that makes me excited.

I guess the other

18:19:05 major change that has happened over time is that clarity

18:19:09 around the plan for the access, easement,

18:19:13 slope and the environmental remediation that

18:19:19 was needed on that site.

So all of those things are

18:19:23 in process right now.

Next slide, please

18:19:27 .

This just gives you an overview of

18:19:33 the site, just to remind you the area in

18:19:37 purple was the original 3000 Powell site that PHB

18:19:41 purchased.

The yellow and orange site are --

18:19:45 is the second lot that was purchased by Home Forward a year ago.

 

18:19:49 And that portion that's in yellow is what will become --

18:19:54 is what -- the yellow and blue portions are what will encompass

18:20:00 the 3000 Powell project.

And the area in

18:20:05 orange will be a homeownership development that PHB

18:20:10 will oversee and allocate through its typical process

18:20:15 .

Next slide, please

18:20:20 .

In terms of our

18:20:24 MWESB work, through --

18:20:28 on the sub costs, through our A&E team,

18:20:32 we have -- 86% M

18:20:36 WESB participation and Colas construction is committed to meeting

18:20:41 or exceeding our

18:20:45 DMWESB of 30%.

Ranged from

18:20:50 30 to 51% in MWESB participation

18:20:53 .

We have our mechanical, electrical

18:20:57 and plumbing subs in place and with those

18:21:02 subs, that allocates about 35% of

18:21:07 our project budget we know

18:21:11 will be with MWESB subs.

Another

18:21:15 piece that I will add to that is Home Forward

18:21:19 right now is really actively working

18:21:23 to develop more of a systematic approach

18:21:28 to how we work

18:21:32 with MWESB subs, and then also we have recently added some

18:21:37 new goals around our journey level goals.

 

18:21:41 We have a workforce training goals for apprenticeships that focus on

18:21:45 women and BIPOC.

And we have added those goals to

18:21:49 the journey level.

So you can really start to

18:21:53 understand and see if people are moving from the apprentice level into the

18:21:57 journey level and working with our

18:22:02 resident services team to include

18:22:06 our existing residents and our section 8 voucher holders in that

18:22:11 process and help them to understand that these apprenticeship

18:22:15 apprenticeship programs are available to them and building those

18:22:19 relationships with the existing workforce

18:22:24 organizations out there and our existing residents

18:22:28 .

Next slide, please

18:22:34 .

The original site was burdened with

18:22:38 complex easements that were very expensive and time consuming to

18:22:42 resolve.

It also has a

18:22:46 PGE powerline

18:22:51 that runs across and an easement.

So Home Forward and PHB

18:22:55 agreed over a year ago to expand the site to help resolve those easement

18:22:58 issues and create a better overall project.

 

18:23:02 And in March of 2020 that back site was purchased.

 

18:23:06 And so we are working through those utility easements

18:23:10 and the public right-of-way and what it will

18:23:15 be required by ODOT and PBOT for

18:23:20 the 30th avenue there.

And then working with

18:23:24 through with our environmental team and our engineers

18:23:28 on the contaminated soil and how to address those

18:23:32 issues, both prior to and during construction

18:23:37 .

Next slide, please.

 

18:23:41 Community engagement.

We have had

18:23:46 several very successful meetings with the

18:23:50 Kenilworth neighborhood association and the inner Powell

18:23:53 alliance through the design review process, we have gotten some great

18:23:57 feedback as well.

We have had extensive

18:24:02 engagement with the immediate neighbors, especially hop works who is

18:24:04 to the west and will be most impacted by the project.

 

18:24:09 And then working with [hopworks]

18:24:13 service providers to develop the new PSH partnerships and

18:24:17 soliciting input, both on this project and

18:24:21 broader projects, about how PSH services

18:24:27 are delivered, you know, in what kind of space, whether it

18:24:32 be trauma informed, private, or whether it

18:24:34 be, you know, sort of more in a common area.

 

18:24:38 So really thinking about how we incorporate that into our design

18:24:43 design.

And then also working

18:24:47 with service partners and people who get -- who have

18:24:50 received and are living in permanent supporttive house.

 

18:24:54 supportive housing.

I think that's the last slide.

 

18:24:57 I tried to talk fast.

>> STEVEN HOLT: Thanks, Amanda.

 

18:24:59 I appreciate it.

Thanks for the presentation and the

18:25:03 information.

Any comment or question being very

18:25:08 mindful we are pushing up to our time.

But we want to

18:25:12 hear from Commissioner Ryan for sure.

Any comments, questions

18:25:16 from the bond oversight committee

18:25:20 ?

18:25:23

I see heads shaking no.

 

18:25:27 Amanda, thank you very much.

We appreciate it.

 

18:25:30 Looks like an incredible project with great opportunities.

 

18:25:34 Let me introduce commissioner Dan Ryan,

18:25:38 who is the housing commissioner.

Commissioner of the city

18:25:42 of Portland and is overseeing what's going on with the housing department

18:25:43 .

Commissioner, welcome into the

18:25:46 space.

Thank you also for being sensitive

18:25:50 to allowing the agenda to continue to roll.

 

18:25:53 >> DAN RYAN: Thank you.

Thank you, Dr. Holt and good to see

18:25:57 you all, especially director Callahan.

I hear about

18:26:01 these projects at the council meetings.

 

18:26:03 It's different to listen to them when you're at a meeting like this.

 

18:26:06 So I actually was enjoying listening.

 

18:26:10 And I will try to attend more of your meetings

18:26:14 because this is where the action is.

It's really -- I want to start off

18:26:16 by thanking all of you.

You're volunteers.

 

18:26:19 And the city needs you.

And the city needs you to be bold.

 

18:26:22 The city needs you to think out of the box.

 

18:26:26 We are in an emergency, as you might have noticed, if you drive around and

18:26:29 walk around town.

And so status quo isn't going to

18:26:32 cut it.

It kind of got us to this place, if

18:26:36 you will.

So I just appreciate some of the

18:26:37 out-of-box thinking that I was hearing.

 

18:26:41 I want to start off by acknowledging the first presentation I walked in on,

18:26:45 was Andy Miller was making the connection between schools and talking

18:26:50 about mobility.

That's --

18:26:53 my heart will always be with children with families.

 

18:26:56 And when I was involved in that space for years, mobility issues were

18:27:00 always top of the list for a teacher that was truly being honest with you

18:27:04 about what was challenging about teaching, for example, in those --

18:27:08 in that neighborhood that you're specifically talking about.

 

18:27:10 And it doesn't get enough attention.

 

18:27:14 And it always puzzled me that a lot of the housing at that time

18:27:16 was smaller units.

So it's great to see two and

18:27:21 three-bedroom units and just really appreciate that trend

18:27:23 .

My passions would probably be for

18:27:27 children in family housing and then for seniors to have the ability to age in

18:27:29 place.

I think that's always on those

18:27:31 margins.

So we don't have much time.

 

18:27:35 So this will just be a very quick hello, because it's a beautiful

18:27:40 night and your time boundary is 6:30 and I am starting to talk to you with

18:27:44 four minutes to go.

That's just like really great

18:27:48 opportunity to hopefully just say a little something.

 

18:27:52 And also hear maybe one or two questions

18:27:53 .

I want to give a little bit of

18:27:55 vision.

I don't think it's mind blowing,

18:27:59 but I think of things always in a continuum.

 

18:28:03 When I was in children and family space, it was about birth to

18:28:07 career and really looking at what the community milestones are,

18:28:11 the indicators that we can track.

And then how you can then go into

18:28:15 the sub indicators and really look at how to make the community

18:28:19 accountable because your best assets are always the community.

 

18:28:23 But often we don't connect the dots and leverage like Todd mentioned

18:28:27 earlier, where you leverage the good work that's going on

18:28:31 with the community, big picture plan with government, with the nonprofits

18:28:35 and, yes, bring in all the small businesses

18:28:37 .

And the more that we can connect

18:28:39 the dots with the community assets, the better.

 

18:28:43 So for me it's from people on the streets that are getting no

18:28:48 services, all the way to the continuum where someone is in stable

18:28:52 housing and becoming homeowners and building that equity and that

18:28:55 capital for their families.

That's the goal.

 

18:28:59 And so following that track.

And

18:29:03 people's

18:29:08 resiliency and agency is where that is and offering people to move in that

18:29:12 continuum and not remain complacent that they don't want to move because

18:29:18 people in their heart always want to continue to grow and evolve in line.

 

18:29:22 So I hope that our continuum continues to connect those

18:29:24 dots.

And so when the mayor asked me when

18:29:29 I first got in if I had any preference in

18:29:32 bureaus, I didn't.

I'm a big advocate for having a

18:29:35 form of government where we all stay focused on the priorities of the city,

18:29:41 which are houselessness and, excuse me, community safety

18:29:46 and economic prosperity, which right now is survival for many, and

18:29:51 so as a unit, as a team of five, we must stay focused on those top

18:29:53 three priorities.

So I may be the commissioner that

18:29:57 oversees this, but what I liked that the mayor offered was I said

18:30:00 , can they be connected to one another?

 

18:30:04 So BDS, the joint office and housing have a

18:30:09 nice symmetry so I can do work

18:30:13 that's more systemic in my time in this role so I look forward

18:30:17 to having meetings that include the three directors in charge of those

18:30:20 three bureaus so we can starts to see where we can leverage within

18:30:24 government and start to break down the silos within and start to see greater

18:30:26 efficiency in the city that needs to work.

 

18:30:30 I'm going to end with just saying that I

18:30:34 spent an hour and a half last night walking around old town.

 

18:30:38 I try to do incognito visits to neighborhoods that

18:30:42 are suffering quite a bit.

And every time I do

18:30:46 that, well, one, it makes it hard to sleep at night because I couldn't get

18:30:50 over some of the images I felt.

And I just hope I encourage all of

18:30:54 you to continue even in this time of Zoom and in time where we are

18:30:59 not literally seeing one another in rooms, to continue to get

18:31:03 out there with your mask on and see how gripping

18:31:07 it is right now.

It's -- we are a city that's

18:31:10 in a crisis like we have never been in before.

 

18:31:13 We have people living in a neighborhood like old town that are

18:31:16 prisoners in their homes.

They don't feel safe to go

18:31:18 outside.

Just think about that for a

18:31:20 minute.

Like that's sad.

 

18:31:22 And we have communities like that right now.

 

18:31:26 And so if there's a time for you to make some trouble, for you

18:31:30 to think out of the box, now is the time.

 

18:31:34 So when we are doing work such as sheltered to housing and we are

18:31:38 doing -- we are codifying the opportunities for tiny

18:31:43 homes, for outdoor villages, how can we think

18:31:47 about -- we have met our goals for this last bond

18:31:51 but what can we do to think out of the box to look at other parts of that

18:31:53 continuum?

I think all of these projects are

18:31:55 great.

I'm not dismissing that.

 

18:31:59 I'm just saying, what else can we do to challenge ourselves

18:32:03 so that we really do connect the dots between the housing bureau with the

18:32:05 joint office, which is done all the time.

 

18:32:09 But I just want us to keep pushing ourselves to be creative at a

18:32:13 time of crisis.

And I think I'll just end with

18:32:16 that because of the hour.

It's 6:32.

 

18:32:19 And I'm a real time boundary person.

 

18:32:22 So if you want me to stay for a few minutes, I will.

 

18:32:26 But I'll understand if you're done with having being on a Zoom

18:32:29 Zoom.

>> STEVEN HOLT: I appreciate that,

18:32:31 commissioner.

I think having you hang out for a

18:32:35 little bit is going to be great for some interaction with the oversight

18:32:38 committee members.

I will call each oversight

18:32:41 committee member, just call you and give you an opportunity to interact

18:32:44 and respond.

I will begin with Anneliese because

18:32:49 you went last last time, you will go first this time

18:32:51 .

>> ANNELIESE KOELER: Thank you, Dr.

18:32:53 Holt.

Ryan, it's good to see you again

18:32:57 and I really appreciate you coming.

I was excited to learn when I were

18:33:00 -- when you got housing.

I know how passionate you are about

18:33:06 it.

So, yeah, I am excited to have you

18:33:08 here and to hear more about what your vision is.

 

18:33:12 I know this has been quick.

So, you know, excited for

18:33:16 continued conversations and learning more from each other and

18:33:21 from the community.

>> DAN RYAN:

18:33:25 Anneliese, tell me why you wanted to be

18:33:27 on this body, the bond oversight committee?

 

18:33:31 You're all going to answer that.

Tell me why you have a fire

18:33:34 in your belly to be on this.

If you don't have a fire in your

18:33:39 belly, please leave.

>> ANNELIESE KOELER: When

18:33:43 the Portland housing -- I served on one of the original community groups

18:33:48 that brought the Portland housing bond to fruition so to me

18:33:51 it's been really wonderful to join this group and see it through to the

18:33:55 -- hopefully to the very end and to a

18:33:58 success.

So often when you do policy work

18:34:03 you're a creating laws and passing bonds and you go onto the next thing

18:34:05 .

This has been such an amazing

18:34:09 opportunity to have sat at one of the initial tables, helped pass it and

18:34:13 then continued to see it through all the way

18:34:17 .

>> DAN RYAN: Thank you.

 

18:34:21 >> STEVEN HOLT: We are going to go next to Todd Struble

18:34:21 .

>> TODD STRUBLE: Good evening,

18:34:23 commissioner.

My name is Todd.

 

18:34:26 I don't think we have had a chance to meet in person.

 

18:34:29 But I did want to recognize we know someone in common.

 

18:34:33 I went hiking earlier this week with

18:34:37 RJ Peters Hagen and he said to say hello.

 

18:34:40 Small world.

>> DAN RYAN: You know RJ?

 

18:34:43 Wow, I would love to talk off-line for you.

 

18:34:47 I went to Roosevelt high school back in

18:34:49 the day.

>> TODD STRUBLE: He said high

18:34:51 school and college together.

But to answer your question, I

18:34:56 think to the seriousness of our housing crisis

18:35:00 , and, you know, I think I was appointed by your predecessor

18:35:04 , commissioner fish and it's been very gratifying to serve on this

18:35:08 committee.

I'm appreciative of him for that

18:35:13 opportunity.

It's the crisis of our city at this

18:35:17 time and has been for a while and continues to be for

18:35:22 the foreseeable future.

I

18:35:27 think commissioner fish saw our work in east Portland

18:35:31 with aupono in the J district

18:35:35 around equitable development and stabilizing communities that have

18:35:39 are vulnerable to the

18:35:42 displacement and the pressures of rising housing costs and economic

18:35:44 challenges.

So that is the perspective that I

18:35:48 have tried to bring to this group and this

18:35:52 public project.

And I'm -- like I

18:35:56 mentioned before, seeing some of these projects come to life in

18:36:00 some of the neighborhood prosperity networks

18:36:04 that Prosper Portland has invested in has been gratifying and I would like

18:36:07 to see this work through.

Thank you.

 

18:36:10 >> DAN RYAN: Thank you, Todd.

That's really helpful.

 

18:36:14 >> STEVEN HOLT: Susan, we will go to you next.

 

18:36:18 >> SUSAN EMMONS: I'm also am really happy you're here, Commissioner Ryan,

18:36:22 I think it's so good that you have joined this meeting tonight

18:36:25 .

I was appointed by Amanda Fritz to

18:36:28 the bond oversight.

I was the director at northwest

18:36:33 pilot project for 31 years.

And we were an organization that

18:36:37 published an annual inventory and documented the loss year after year

18:36:39 .

And so I think we were one of the

18:36:43 groups, we kept losing housing and losing housing.

 

18:36:46 In the central city.

We monitored one neighborhood.

 

18:36:50 And so when the bond measure passed and there was an opportunity to sit on

18:36:54 a group that could actually look at projects and determine how we were

18:36:58 going to spend this money and how we were going to report back to the

18:37:02 community and measure, and I think PHB has done an

18:37:07 exceptional job of reporting.

We, as members

18:37:09 , we have asked very specific questions.

 

18:37:13 At one point after one meeting, I said, are we asking -- are

18:37:16 we a nuisance?

Are we asking too many questions?

 

18:37:19 No, no, that's great and that you want the specifics and you want the

18:37:22 budgets and you want to be responsible.

 

18:37:26 I, like you, have walked the city.

I

18:37:29 have lived all my life in an apartment, all my adult life in

18:37:33 apartments and raised our twin sons in an apartment in northwest Portland.

 

18:37:36 And I talked to people who are camping.

 

18:37:40 I talked to neighbors who have tents on

18:37:44 their streets in northwest Portland where they never have,

18:37:47 in neighborhoods where we have never seen people camping.

 

18:37:50 It is appalling.

I have the same sense of urgency

18:37:54 that you do.

And I think that we have got to

18:37:57 do better and we will.

I think that we will.

 

18:38:01 I am very encouraged by some of the outreach that's going on.

 

18:38:04 But it is a very difficult and challenging time.

 

18:38:07 And I just can't say enough about the PHB staff.

 

18:38:12 I think they are a really hard working, passionate group of people

18:38:14 .

So that's my input.

 

18:38:18 >> DAN RYAN: Thank you, Susan.

>> STEVEN HOLT: Allan, it is

18:38:20 you.

>> ALLAN LAZO: Thank you, Dr.

18:38:23 Holt.

And good evening, Commissioner

18:38:25 Ryan.

Great to see you again.

 

18:38:28 Before council -- was that the same week or was it last week?

 

18:38:32 It's hard to keep track of the weeks anymore down here in my basement

18:38:35 .

I really -- really resonates with

18:38:38 me what you are talking about, kind of where we are in the project.

 

18:38:42 We were just talking about that earlier in the meeting about the

18:38:46 funding that we have still available in the bond and the opportunity that's

18:38:51 before us and how we look at solving the crisis that is at hand and

18:38:54 how we respond to that.

And I agree with the folks here who

18:38:59 tonight have said that the PHB staff are the right folks

18:39:03 to put that charge in their hands.

They have been really

18:39:07 wonderful in responding to the work that's happened under the bond and

18:39:11 so it's a pleasure to work with them and to be involved in this.

 

18:39:15 And, you know, I also appreciate the question about why we are involved

18:39:19 here and for me, it's a very specific answer

18:39:24 and, you know, I think the best way for me to root it is in

18:39:28 something that, as we said, your predecessor, commissioner fish

18:39:34 had pulled me aside to say I was speaking for council and one of the

18:39:38 phrases I used was that, you know, housing isn't just

18:39:42 about -- and I said this earlier, isn't just about the roof over your

18:39:44 head.

It's about the opportunity out your

18:39:48 front door.

And so we have really, for me,

18:39:52 trying to bring that fair housing perspective, that isn't just about

18:39:57 building units, it's about creating opportunity and insuring that

18:40:01 as we are making these investments, that they are

18:40:05 paying off for those residents in a way that is meaningful

18:40:11 for those folks.

And I think that's a

18:40:14 vitally important piece of this work, not just counting the number of units,

18:40:19 the number of people we are housing but what we are doing to

18:40:23 create opportunity, create inclusive communities and to create

18:40:27 opportunities for so many people that might not otherwise have those without

18:40:29 the work that you all are doing here.

 

18:40:33 So greatly appreciate that.

>> DAN RYAN: Thank you, Allan

18:40:37 .

>> STEVEN HOLT: Appreciate the

18:40:40 feedback and the opportunity to hear from Commissioner Ryan and then also

18:40:44 for each of the bond oversight members to kind of talk about the fire that's

18:40:47 in their belly.

Before I wrap up our meeting,

18:40:51 commissioner, were there any other thoughts or comments?

 

18:40:53 >> DAN RYAN: I want to make some closing comments after I hear the fire

18:40:57 in your belly, Dr. Holt.

>> STEVEN HOLT: Oh, the fire in my

18:41:01 belly.

You will get a chance to hear a lot

18:41:05 of the fire in my belly when we come together for the group that

18:41:10 I chair.

In this space I am the

18:41:14 facilitator of the work and so -- and helping to strategize how we do what

18:41:18 we do, but I am extremely passionate when it comes

18:41:22 to housing and affordability and how we address gentrification

18:41:26 and displacement.

So thank you for the opportunity.

 

18:41:30 And I look forward to being able to expound

18:41:34 more when we are in the oversight committee for the

18:41:38 north-northeast housing strategies.

>> DAN RYAN: Let me just

18:41:42 end by saying I realize I'm on shoulders when you come into any

18:41:46 position and so my job is to leverage those assets and I'll start by saying

18:41:50 that I'm impressed with Dr. Callahan and her team, like was mentioned

18:41:54 earlier, and also mark Joe

18:41:58 land and their team at the joint office and I see them as definitely

18:42:00 connected.

I want to mention I saw an article

18:42:04 not too long ago where director Callahan even mentioned we have a slow

18:42:08 permitting process.

This just in, since the

 

18:42:09 [INDISCERNIBLE]

Portland has been challenged with

18:42:14 permitting process that's a little glacieresque.

 

18:42:18 And so we are on it.

It's called the permit

18:42:21 improvement task force.

And tomorrow we have our second

18:42:25 meeting and we have all seven bureaus that do

18:42:29 permitting are involved with their director and the person that's

18:42:33 online and responsible for the committee itself.

 

18:42:37 And we have to figure out how to improve and speed that up, especially

18:42:40 at a time like we are in now.

Now is the time.

 

18:42:44 And I just wanted to say congratulations for

18:42:47 the word exceeding being repeated four times on this slide.

 

18:42:51 It's not lost on me.

And I appreciate your

18:42:53 advocacy.

And I look forward to being back at

18:42:57 other meetings so I can partner with you and leverage what you're doing out

18:43:02 in the public space so that we can continue to build momentum.

 

18:43:06 And I agree that Portland's best days are coming and our big challenges

18:43:10 challenge is to show ourselves and the rest of the world that we know how to

18:43:14 handle our gripping houselessness challenge

18:43:17 challenge.

Please know my compassion for those

18:43:20 on the streets is big.

I lost a brother on the streets and

18:43:24 we have to call it out sometimes and say it's overwhelming and I think

18:43:27 old town might be the neighborhood that sticks out more than most in

18:43:30 terms of just how challenged we are at the moment.

 

18:43:34 And so anyway, let's just continue to think good thoughts, continue to

18:43:38 have compassion and let's continue to take action.

 

18:43:41 And I appreciate all of you for the action you took.

 

18:43:42 Thanks.

>> STEVEN HOLT: Thank you.

 

18:43:45 Appreciate that.

With that, we will wrap up our

18:43:48 meeting for tonight.

Appreciate everyone being in the

18:43:50 space.

We have gone past our time but it

18:43:53 was worth it.

The work is significant and the

18:43:55 lift is big.

It's going to take all of us

18:43:59 collaboratively, strategically thinking about how we do that together.

 

18:44:03 So those who were leaning in, it is appreciated and

18:44:06 valued.

Our next meeting is going to happen

18:44:09 in July, on the 15th.

It will be at 9:30 in the morning.

 

18:44:13 That's the third Thursday of July.

It will be via

18:44:17 Zoom platform and hopefully we will be leaving these platforms and actually

18:44:21 be able to see people in person and reconnect soon.

 

18:44:25 Until then, let me encourage you to do a couple of things.

 

18:44:29 One, you have heard it repeatedly, get out in the community and see for

18:44:33 yourself what's going on.

Nothing hits your heart like

18:44:37 seeing it up close and personal.

Number two, stay safe

18:44:40 .

Do what is necessary to keep

18:44:43 yourself and your family safe.

And then number three, I think it's

18:44:48 important that we keep breathing, that we breathe deeply, that

18:44:51 we think compassionately and that we take action.

 

18:44:53 Thanks so much for everybody being in the space.

 

18:44:55 Have an incredible Thursday evening.

 

18:44:58 Take care of yourselves.

We will see you soon.