2023-07-13 BOC Meeting (closed caption)

[Captioner] 09:37:20

and encouraged to reach out directly to the Portland Housing Bureau

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and interact with PHB

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staff.

Normally PHB staff ask us to

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turn on our cameras and wave so that people can

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identify who you are, so I'll give you a moment just to do

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that, all PHB staff

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identify yourselves.

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Thank you very much.

You can reach out to them directly if

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you have questions for the Portland Housing Bureau.

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will do roll call, and then

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we'll go into our, the approval of our minutes.

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I will begin with the

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Bond Oversight Committee Member who is in person,

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Analise.

>> Oversight committee

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member.

>> Good morning.

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Allan Lazo.

>> Good morning, Allan

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Lazo, he/him pronouns, committee member and

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excuse myself, I have

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to leave after about after 10:00 after the business portion of the

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meeting.

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Thank you very much.

And Todd Strule?

>> Good morning, he/him

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pronouns and Bond Oversight Committee.

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Thanks.

>> Thank you.

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Hopefully the bond oversight committee had an opportunity to look

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at minutes from the last meeting

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and provide an opportunity to comment or question and if not, if

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someone could make a motion to approve them as recorded.

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I'll so move.

>> Excellent.

So moved.

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Can we get a second in

>> Second.

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>> Perfect.

Moved and seconded.

All in favor, we will say aye and

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I will call you by name, beginning with Todd.

>> Aye.

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>> Allan?

>> Aye.

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>> Analise?

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>> Aye.

>> Excellent, minutes moved,

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approved for the last

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Bond Oversight Committee meeting.

Now is the opportunity

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for public testimony.

The request is that you keep the

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comments directed to the responsibility of the

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Bond Oversight Committee.

If there are things that

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are outside the specific responsibility of the BOC,

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that you would then direct those to the

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appropriate people in Portland Housing Bureau.

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Do we have any public testimony

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this morning?

Go to my assistant.

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Hearing none, we will then move forward in

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our agenda for some general project

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updates and some project

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milestones.

I believe it's

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Jill and then

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Angel.

Jill?

>> Thank you, Dr. Holt,

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for the record, I'm Jill, housing

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manager, I use she/her

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pronouns and as you saw on

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the update

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charts, we are very close to getting all of our projects in

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construction.

There's only one project

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left, which is Hollywood Hub that we discussed with

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at the last

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meeting.

[ Indiscernible ] it is

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targeted to improve --

>> I hate to interrupt you, pardon me,

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I'm so sorry.

Two problems, from my end, and I don't know if

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it's for everyone else, the

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audio is a little garbled and I need you to project

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a little more, like with the

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outside voice.

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Is this better?

>> Oh, much.

>> Is this better?

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Sounds so loud for me.

Sorry about

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that.

Okay.

So the good part

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is that we only have Hollywood Hub left.

That was

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the project that was swapped out that we discussed at

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the last quarter with the apartments and it is closing in mid

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2024.

I also wanted to show

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you the dashboard.

In the dashboard there are a few

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reds, which means the changes, and I did want to say that we

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are very pleased that Francis and

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Clare just closed about end of last week, end of

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June, so that was just closed.

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That's 100% with

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Catholic charities and [ indiscernible ].

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you'll see in the big dashboard a number of

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items that's changed, those are

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highlighted in red.

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Some of the things we noted

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last time as well is that Hollywood Hub has a number

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of other

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financing, this includes funds for

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$10 million as well as metro bonds.

Hollywood Hub will be

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the only project that

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has both metro bond funds as well as

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Portland Housing funds so it will close out all of

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our bonds.

Going down the list, you'll see

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there's also some red

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along The Starlight, because many

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of the construction

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and inspection in order to reach certificate of occupancy has been delayed.

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Some of this is related to inspection, some of this

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is related to

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elevators, so it's a number of issues that we've

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seen in our construction.

But the good news is a

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number of them are also open,

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so we go

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to the next slide.

As mentioned, we are still seeing

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some predevelopment risk.

There's some construction risk and

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delays.

There's also some operational issues

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that we're seeing related to property

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management from supportive housing and

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inflationary costs.

So those are all

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project-related issues that I

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wanted to raise and make sure that Bond Oversight Committee

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is aware of.

Other things

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for us as an organization to think about is also the passage of the

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housing budget and the need for state and local resources.

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The state legislature passed its '23 to

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'25 budget and I wanted to make sure that as

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the Bureau is

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moving forward without you call it [ indiscernible ] in

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our developments where we are call it

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aligned with the state, this is State House

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$604 million in affordable housing development funds,

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especially for LIFT and PSH, another

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$is amillion

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in preservation.

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They have 72 in other services and truncated transitional

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housing, so these are some areas we're going to be working with the

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state to see how we align better

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some of our programs and investments and the final housing cost is how

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we're going to be closing out state

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housing

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bonds and moving forward discussions with you all in terms of

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construction and also in terms of the demographics of those buildings.

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slide, please.

This is just a recap of

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the 2022 portland Housing Bond openings,

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that was five projects, a number of new houses and a

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number of you went to a few of these

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openings.

So they are very, very pleased to have so

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many of them open.

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slide, please.

Since then, we have had a

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number of other projects opening

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up, and this place one building

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has opened.

Aurora is in the process

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of leasing

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up.

Anna Mann is three buildings and one of them is also in the

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process of lease-up, and The Joyce

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just opened also end of June, and that's

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another 100% PSH building.

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We will hear from

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the sponsors

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later this morning.

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slide, please.

Looking forward, the remaining projects

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for '24 to

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'26, 3000 Powell, that is

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targeted to open the second

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quarter of 2024.

Francis and

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Clare is targeted to open in third

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quarter of 2024 and Alder

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9 fourth quarter and Hollywood Hub a slight delay, 2026.

This

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is one of the largest projects PHB has ever done

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and it's a complicated site, right

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off of the Hollywood

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Center.

I think that is it for our project

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summaries.

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Angel?

>> Before Angel gives us his update,

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Jill, if we could give a moment for any question and/or

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comment from the Oversight Committee?

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I'll call by name.

Analise any comment or

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question?

>> None from me, thank you.

>> Absolutely, thank you.

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Todd, comment, question?

>> None from me, thank you.

[Captioner] 09:48:02

>> Absolutely.

Allan, comment, question?

[Captioner] 09:48:05

>> Thanks, Dr. Holt.

Yeah, I got a

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couple questions, Jill.

One is, on your slide

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kind of about considerations there, I'm

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assuming that the top one there around continued

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predevelopment risk, that only applies at this point to

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Hollywood Hub, correct?

And as you said, it's an

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incredibly complicated project, given the site

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and scale.

>> That is correct, Allan.

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It is only related to Hollywood Hub, and what we're seeing,

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for example, on

[Captioner] 09:48:38

Hollywood Hub is that

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costs continue to rise and interest during construction

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is affecting Hollywood Hub, but also the

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existing projects that are in

[Captioner] 09:48:52

construction, because interest rates

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for construction levels are floating and we all know interest rates have been rising, so one of

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the issues have been with

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the rise in interest during construction, some of our

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developers are constrained because they have no

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additional funding [ indiscernible ].

>> Interesting, okay.

That might

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play into the other one on here, where you talked about for the alignment

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of resources.

So is the call for

[Captioner] 09:49:21

alignment there, is that also only related to Hollywood Hub

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and the need for that particular project to kind of

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complete their stack?

Because the other ones all have

[Captioner] 09:49:32

their funding stacks completed, right, or are there

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risks that they might not have funding

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because the state may not be aligned with some of these

[Captioner] 09:49:43

priorities?

>> The alignment of resources for

[Captioner] 09:49:46

the bond project is only related to Hollywood Hub.

[Captioner] 09:49:49

Okay.

>> And we are working with

[Captioner] 09:49:52

the state to also get Hollywood Hub

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its private activity bonds, so that

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they can get the local housing

[Captioner] 09:50:03

tax credits, and not related to

[Captioner] 09:50:07

your work, but with the

[Captioner] 09:50:10

other projects that are in [ indiscernible ] as well as the other projects

[Captioner] 09:50:13

that we know about from our partners, our

[Captioner] 09:50:17

development partners, many of them are hoping

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to have

[Captioner] 09:50:24

a greater share of

[Captioner] 09:50:27

the state's funds.

>> And Hollywood Hub

[Captioner] 09:50:30

doesn't, I was just checking, looking at it, doesn't have

[Captioner] 09:50:34

any PSH units so the regional PSH wouldn't

[Captioner] 09:50:39

play into this?

That is correct.

It is not

[Captioner] 09:50:42

a PSH building.

>> Thank you.

[Captioner] 09:50:46

>> Thank you.

We will then move forward

[Captioner] 09:50:50

to Angel.

>> Thank you Dr.

[Captioner] 09:50:53

Holt.

Good morning everyone.

I'm Angel

[Captioner] 09:50:56

Gonzalez, finance and accounting manager for the

[Captioner] 09:51:00

Portland Housing Bureau.

My pronouns are he/him and I'm

[Captioner] 09:51:03

Latino.

The expenditure report highlights as of

[Captioner] 09:51:06

June 30th of this year are the

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following: The expended versus committed

[Captioner] 09:51:12

amounts have continued increasing on ongoing

[Captioner] 09:51:16

construction, compared with the previous

[Captioner] 09:51:19

quarter's report.

As of June, the

[Captioner] 09:51:23

expenditures are $197.3

[Captioner] 09:51:26

million, where the project spending has

[Captioner] 09:51:30

increased by $12.8 million or equivalent to

[Captioner] 09:51:34

6.9%.

The committed funding for

[Captioner] 09:51:39

this period is $64.3 million, decreasing by

[Captioner] 09:51:44

$12.7 million or minus

[Captioner] 09:51:47

16.6%, compared to last quarter.

The

[Captioner] 09:51:50

remaining

[Captioner] 09:51:55

$686,128 will either be used to replace

[Captioner] 09:51:59

metro bonds dollars currently used in

[Captioner] 09:52:02

the Hollywood Hub project or to be

[Captioner] 09:52:05

allocated to fill funding

[Captioner] 09:52:09

gaps, if any.

Any questions?

[Captioner] 09:52:14

>> Thanks, Angel.

We'll go right through our normal

[Captioner] 09:52:17

approach.

I will just ask by

[Captioner] 09:52:21

name.

Allan?

>> No, pretty straightforward

[Captioner] 09:52:24

at this point, thanks, Angel.

Appreciate it.

>> Thank you.

[Captioner] 09:52:27

Todd?

>> Same, no questions, thank

[Captioner] 09:52:32

you.

>> Thank you,

[Captioner] 09:52:38

Analise?

>> No questions, thank you.

>> Awesome.

[Captioner] 09:52:41

Thank you, Angel, for the report.

[Captioner] 09:52:44

My pleasure.

>> We're moving right through the

[Captioner] 09:52:48

agenda very smoothly.

I guess

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that's what happens when the preparation and the execution is

[Captioner] 09:52:55

well-done and the work has been pretty consistent so that's great news.

We have

[Captioner] 09:52:58

two presenters today, and that

[Captioner] 09:53:04

will be from The Aurora and Anna Mann House.

You will

[Captioner] 09:53:07

have 15 minutes to present.

I'm going to set a timer for 13

[Captioner] 09:53:10

minutes and when you hear the beeping, you will know

[Captioner] 09:53:13

it's time to start wrapping

[Captioner] 09:53:16

your thoughts.

So without further

[Captioner] 09:53:19

adieu, let me deliver

[Captioner] 09:53:23

it to the representation

[Captioner] 09:53:28

of The Aurora.

[Captioner] 09:53:32

>> Excuse me, good morning, everyone.

Thank you

[Captioner] 09:53:35

for the opportunity to share our project.

My name

[Captioner] 09:53:38

is Bryan

[Captioner] 09:53:42

Shelton-Kelley, Senior Manager with

[Captioner] 09:53:48

Our Just Future formerly HumanSolutions

[Captioner] 09:53:52

and we are the developer for

[Captioner] 09:53:57

The Aurora Project.

The Aurora is

[Captioner] 09:54:00

a really wonderful

[Captioner] 09:54:03

and key project for East Portland.

[Captioner] 09:54:07

It's located on 160th and Stark on the

[Captioner] 09:54:12

edge of the city boundary with Gresham.

We've worked on this project over a

[Captioner] 09:54:15

number of years.

As you

[Captioner] 09:54:18

all may know, the site that it's on had some long

[Captioner] 09:54:21

history of multiple uses, including a family

[Captioner] 09:54:25

shelter, and after that building, you know, we

[Captioner] 09:54:28

determined was unable to be rehabbed

[Captioner] 09:54:31

and salvaged, we worked with a variety of partners

[Captioner] 09:54:35

to turn it into this

[Captioner] 09:54:39

project.

So we've, in this

[Captioner] 09:54:43

project, worked with Edlen and Company

[Captioner] 09:54:48

as consultant, Holst provided the

[Captioner] 09:54:52

architecture and Colas Construction

[Captioner] 09:54:55

contractor and Lifeworks as a service provider.

Funding

[Captioner] 09:54:58

came from Oregon Housing and Community Services through

[Captioner] 09:55:01

the LIFT Program and allocation of

[Captioner] 09:55:04

4% tax credits and then

[Captioner] 09:55:08

Portland Housing Bureau as

[Captioner] 09:55:11

well.

Next slide.

Just to go over some of the key

[Captioner] 09:55:15

project milestones that we've reached, we did receive

[Captioner] 09:55:18

our temporary certificate of occupancy at the

[Captioner] 09:55:21

end of May.

We had about a four-month

[Captioner] 09:55:25

delay in construction primarily driven by supply chain issues and

[Captioner] 09:55:29

getting electric transformer equipment to the site

[Captioner] 09:55:34

to be able to switch over from our construction power

[Captioner] 09:55:37

to permanent power, so that did

[Captioner] 09:55:41

impact our schedule greatly, but we

[Captioner] 09:55:45

worked through those issues with our contractor and

[Captioner] 09:55:49

got everything through.

The

[Captioner] 09:55:52

project does have 16 units that have

[Captioner] 09:55:55

project-based vouchers through

[Captioner] 09:55:58

HomeForward.

The

[Captioner] 09:56:01

units passed their inspection on June 5th and we went right

[Captioner] 09:56:04

up into lease-up, and the first

[Captioner] 09:56:07

move-ins occurred in June.

[Captioner] 09:56:12

We had eight people -- eight households moved in in

[Captioner] 09:56:16

June and some more have happened this week,

[Captioner] 09:56:19

and we're projecting a four-month period to lease

[Captioner] 09:56:22

up the entire building.

Probably

[Captioner] 09:56:25

not surprising to anyone on this call, but I did want to point

[Captioner] 09:56:28

it out, just because I think it's

[Captioner] 09:56:32

illustrative of the demand and need for affordable

[Captioner] 09:56:35

housing, the strongest interest and actually the first units

[Captioner] 09:56:38

to lease up in this project were

[Captioner] 09:56:41

our units that we set at the 30% of

[Captioner] 09:56:44

area median income

[Captioner] 09:56:48

rent that are not subsidized, do not have

[Captioner] 09:56:51

the project-based vouchers

[Captioner] 09:56:55

that really does speak to the need of more deeply

[Captioner] 09:56:57

targeted affordable housing in the community.

Those were

[Captioner] 09:57:01

the units we were getting the most calls on, and

[Captioner] 09:57:04

again, were the ones that leased up

[Captioner] 09:57:07

right away.

We have a strong partnership

[Captioner] 09:57:11

with the joint office at

[Captioner] 09:57:14

HomeForward and developed a low bhar ier

[Captioner] 09:57:19

barrier for the project-based voucher units

[Captioner] 09:57:25

and getting referrals from dated access and

[Captioner] 09:57:29

those are for those who experienced homelessness and have

[Captioner] 09:57:32

a referral through the Joint Office.

[Captioner] 09:57:37

came in at about 38 million total development

[Captioner] 09:57:40

cost or about just under

[Captioner] 09:57:43

410,000 per unit.

We were able to receive some extra

[Captioner] 09:57:49

incentives from Energy Trust of Oregon and the Oregon

[Captioner] 09:57:53

Multifamily Energy Program in some increased and

[Captioner] 09:57:57

over baseline energy efficiency measures that we were able to meet in this

[Captioner] 09:58:00

project, and we're providing AC

[Captioner] 09:58:03

units in each unit for

[Captioner] 09:58:06

all residents as a source of

[Captioner] 09:58:09

in-unit cooling.

We'll be doing a grand opening in the

[Captioner] 09:58:14

fall of this

[Captioner] 09:58:17

year, once we're more leased up and the project's more in

[Captioner] 09:58:22

operations.

Next slide.

So just to review the unit mix and

[Captioner] 09:58:25

the priority communities,

[Captioner] 09:58:28

again, we have the project's 100% affordable,

[Captioner] 09:58:32

93 units, majority family-sized

[Captioner] 09:58:36

units, and then some 30%

[Captioner] 09:58:40

AMI units,

[Captioner] 09:58:44

again, the permanent supportive housing units have a preference

[Captioner] 09:58:47

from referrals from Coordinated Access and this in one the

[Captioner] 09:58:51

PSH are family site units, two and three

[Captioner] 09:58:54

bedrooms, eight two-bedrooms and eight three-bedrooms so we're working with

[Captioner] 09:58:58

the Coordinated Access Family System and working

[Captioner] 09:59:01

with families that are

[Captioner] 09:59:04

homeless or have been housing insecure.

[Captioner] 09:59:12

Service Partners is a braided approach here, so we have

[Captioner] 09:59:18

Our Just Future is providing our resident services like we provide

[Captioner] 09:59:21

at all of our properties, and those are open

[Captioner] 09:59:24

to any residents, all residents.

[Captioner] 09:59:28

We're also working with Metro and

[Captioner] 09:59:31

have a contract with them to

[Captioner] 09:59:34

provide a dedicated staff position for the 16

[Captioner] 09:59:38

families that will be coming through Coordinated

[Captioner] 09:59:41

Access to help them with housing stability and retention, and

[Captioner] 09:59:44

then we have a partnership with Lifeworks Northwest

[Captioner] 09:59:49

to provide services to anyone in the building with a

[Captioner] 09:59:53

priority of preference for the permanent supportive housing participants.

[Captioner] 09:59:59

Next slide.

[Captioner] 10:00:06

Sorry, next slide.

[Captioner] 10:00:09

to market and reach out

[Captioner] 10:00:12

on the project, we and our

[Captioner] 10:00:16

property management company worked

[Captioner] 10:00:19

on a number of methods and strategies.

We set up a

[Captioner] 10:00:23

temporary leasing office in the

[Captioner] 10:00:26

immediate neighborhood across the

[Captioner] 10:00:29

street from the project, so people could come to the

[Captioner] 10:00:32

neighborhood, see the sites, see the construction going on, but not have to be

[Captioner] 10:00:35

in an

[Captioner] 10:00:39

active construction site.

That location was at

[Captioner] 10:00:42

a local church, and next to the

[Captioner] 10:00:45

Su Casa

[Captioner] 10:00:49

Supermarket.

We have an affirmative fair housing

[Captioner] 10:00:53

marketing plan that we use to identify the

[Captioner] 10:00:56

populations least likely to apply for housing and

[Captioner] 10:00:59

what marketing efforts would be needed to reach out to those

[Captioner] 10:01:02

groups.

We've also been

[Captioner] 10:01:06

doing outreach to local community anchors, food pantries, the

[Captioner] 10:01:09

Rosewood Initiative, Boys and Girls Club and also

[Captioner] 10:01:13

getting referrals and reaching out to our

[Captioner] 10:01:17

other properties in East Portland.

[Captioner] 10:01:20

recently we've been doing a

[Captioner] 10:01:23

connection an outreach to the McKinney

[Captioner] 10:01:27

Vento program with the school districts to see if there's an opportunity

[Captioner] 10:01:30

to get people that they're working

[Captioner] 10:01:33

with on the list for this

[Captioner] 10:01:36

project.

We don't quite yet have our

[Captioner] 10:01:39

initial tenant them graphics.

The first move-ins, again,

[Captioner] 10:01:42

just occurred in June, but over the next couple of

[Captioner] 10:01:45

months, we'll be compiling

[Captioner] 10:01:50

those.

Next slide.

Wanted to share some

[Captioner] 10:01:53

pictures of the units, so

[Captioner] 10:01:56

these are completed unit photos

[Captioner] 10:01:59

with virtual furniture staging.

[Captioner] 10:02:03

When I saw these perhaps it's showing my age a little bit but I was pretty

[Captioner] 10:02:07

amazed at what modern technology can do.

Here is an example of

[Captioner] 10:02:10

our one-bedroom unit.

We have a

[Captioner] 10:02:13

variety of different unit types and sizes in the

[Captioner] 10:02:16

building, one, two and three-bedrooms but this is an

[Captioner] 10:02:19

example of our one-bedroom

[Captioner] 10:02:24

units.

Next slide.

This is an example of our

[Captioner] 10:02:30

two-bedroom unit, and then the next slide will be

[Captioner] 10:02:33

our three-bedroom unit.

Throughout

[Captioner] 10:02:36

the design and development of

[Captioner] 10:02:40

this project, some key things were important for us in the

[Captioner] 10:02:43

design team, trying to use a

[Captioner] 10:02:46

trauma-informed design lens, a universal design

[Captioner] 10:02:49

lens, incorporate

[Captioner] 10:02:53

natural light and natural

[Captioner] 10:02:58

colors and materials to, you know, really create a

[Captioner] 10:03:04

non-institutional-looking building and project.

And I think we've

[Captioner] 10:03:08

achieved that very well.

[Captioner] 10:03:11

slide.

For our equitable contracting outcomes,

[Captioner] 10:03:15

we're really

[Captioner] 10:03:18

pleased to say that we

[Captioner] 10:03:22

met the goal on hard

[Captioner] 10:03:25

costs, well exceeded the goal on professional services and soft

[Captioner] 10:03:30

costs, and we had really

[Captioner] 10:03:33

good, and I think this is a reflection of

[Captioner] 10:03:37

Colas' work and efforts, really strong

[Captioner] 10:03:40

workforce diversity participation

[Captioner] 10:03:43

from communities of color and women, so

[Captioner] 10:03:48

we're really, really pleased with how that worked out on this project.

And

[Captioner] 10:03:52

construction is all but complete.

There are some remaining punch list

[Captioner] 10:03:56

items that are going, but it's pretty

[Captioner] 10:04:00

much complete now.

All

[Captioner] 10:04:04

right, next slide.

Again, some of our community

[Captioner] 10:04:08

engagement activities obviously the neighborhood contact

[Captioner] 10:04:16

process through permitting.

There is a Resident Advisory Committee

[Captioner] 10:04:22

made up of current Our Just Future

[Captioner] 10:04:25

residents from different properties and the group meets regularly and is kind

[Captioner] 10:04:28

of our way of bringing issues or

[Captioner] 10:04:32

items that we want feedback to a

[Captioner] 10:04:35

group that represents the people we serve and the people we

[Captioner] 10:04:38

house, and we had a lot of

[Captioner] 10:04:41

good input and feedback on this project

[Captioner] 10:04:45

and the design and development of this project.

[Captioner] 10:04:48

We're also working on reaching out and

[Captioner] 10:04:51

strengthening our connections with culturally

[Captioner] 10:04:54

specific and community-serving organizations, and actually

[Captioner] 10:04:58

our next development project we're doing in partnership

[Captioner] 10:05:01

with APANO, and we're very excited to grow

[Captioner] 10:05:05

on those efforts.

The participant demographics of our community

[Captioner] 10:05:09

engagement activities included people of color,

[Captioner] 10:05:12

lower income people, older adults and our existing

[Captioner] 10:05:16

tenants.

Some of the main outcomes of this we learned and were

[Captioner] 10:05:19

able to incorporate into

[Captioner] 10:05:23

The Aurora Project were especially from our

[Captioner] 10:05:27

residents, a lot of concerns about safety and

[Captioner] 10:05:30

security, and so wanting to incorporate enhanced safety

[Captioner] 10:05:35

features into the property fob systems, a gate on the parking

[Captioner] 10:05:38

lot, the idea of

[Captioner] 10:05:42

incorporating natural and durable materials

[Captioner] 10:05:46

and interiors, a mix of community gathering

[Captioner] 10:05:49

spaces, and more private spaces to accommodate a

[Captioner] 10:05:52

range of activities and uses, and then from our

[Captioner] 10:05:55

Resident Advisory Committee we heard one thing that's really important

[Captioner] 10:05:59

is to have bike parking or

[Captioner] 10:06:02

bike storage rooms on each floor for flexibility, so people don't have to go to either

[Captioner] 10:06:05

a central place or they're more easy to

[Captioner] 10:06:08

access from

[Captioner] 10:06:12

their unit.

[Captioner] 10:06:16

That wraps up the The Aurora presentation.

[Captioner] 10:06:18

Happy to answer any questions, and again, thank you for the opportunity to present our project.

[Captioner] 10:06:29

>> I think you did that in under 13 minutes,

[Captioner] 10:06:33

extremely impressive.

>> Thank you.

[Captioner] 10:06:36

>> And what phenomenal pictures.

Oh,

[Captioner] 10:06:39

my gosh, just beautiful spaces,

[Captioner] 10:06:42

beautiful rooms.

Questions or comments?

Todd, I'll

[Captioner] 10:06:45

go to you first.

>> No questions.

[Captioner] 10:06:48

Just the same comments.

I think it

[Captioner] 10:06:52

echoed the other presentations that we've

[Captioner] 10:06:55

been able to hear, and just yeah, it's

[Captioner] 10:06:58

amazing work, and it's always gratifying to

[Captioner] 10:07:01

see these projects sort of come to life and recognize that

[Captioner] 10:07:05

families are moving into these

[Captioner] 10:07:07

places.

So thank you.

>> Thank you, Todd.

[Captioner] 10:07:13

Analise?

>> Similar to

[Captioner] 10:07:17

Todd, no questions from me.

Thank you, Brian, for the presentation.

[Captioner] 10:07:20

It's exciting to see all of

[Captioner] 10:07:23

the hard work come to fruition in so many ways.

Not

[Captioner] 10:07:27

surprised but excited to hear the number of family-sized units, the

[Captioner] 10:07:31

number of 30%.

I know both of those were large

[Captioner] 10:07:34

emphasis when we were building out the bond, and so

[Captioner] 10:07:37

happy and excited to see those and happy and excited to see

[Captioner] 10:07:40

there are

[Captioner] 10:07:45

likely oversubscribed [ indiscernible

[Captioner] 10:07:48

So thank you so much for the

[Captioner] 10:07:52

update.

>> Thank you.

>> Thanks, Brian.

[Captioner] 10:07:55

Congratulations.

Good work.

Excited about what's going

[Captioner] 10:07:56

on.

>> Thank you.

>> The communities are in front now,

[Captioner] 10:07:59

thank you.

[Captioner] 10:08:05

And our next presenter,

[Captioner] 10:08:08

Anna Mann House, and the same applies

[Captioner] 10:08:11

in that 13 minutes to present and

[Captioner] 10:08:14

communicate.

We are just rolling along in today's

[Captioner] 10:08:18

agenda, incredible job,

[Captioner] 10:08:21

everybody.

At the end of 13

[Captioner] 10:08:24

minutes, you will hear a tone, bell, and

[Captioner] 10:08:27

that way you will know you've got a few minutes

[Captioner] 10:08:34

to wrap up.

[Captioner] 10:08:38

Well, thank you very much, everyone, for the invitation to

[Captioner] 10:08:41

join this morning.

[Captioner] 10:08:46

My name is Julie Garver,

[Captioner] 10:08:50

Senior Housing Developer for

[Captioner] 10:08:54

Innovative Housing and in partnership with you for the

[Captioner] 10:09:00

development of the Anna Mann Project.

Next slide, please.

This gives

[Captioner] 10:09:03

you an idea of the unit

[Captioner] 10:09:06

mix for

[Captioner] 10:09:10

Anna Mann, and we have a total of

[Captioner] 10:09:14

129 units.

The first building is open

[Captioner] 10:09:17

right now, which is 50 units, and

[Captioner] 10:09:20

that first building has a mix of

[Captioner] 10:09:24

one-bedroom and two-bedroom

[Captioner] 10:09:28

units

[Captioner] 10:09:32

at the 0 to

[Captioner] 10:09:35

30 and 31 to 60%

[Captioner] 10:09:39

income range.

It includes 12PSH units.

[Captioner] 10:09:42

We have started

[Captioner] 10:09:46

lease-up for the East Building and I think we have about

[Captioner] 10:09:49

20 people moved in at this point, so leasing is going well for that first

[Captioner] 10:09:58

building.

[Captioner] 10:10:01

slide, please.

We are still under

[Captioner] 10:10:05

construction

[Captioner] 10:10:08

for the project.

Our COBID contracting,

[Captioner] 10:10:12

subcontracting has been going really well.

We are

[Captioner] 10:10:16

toggling between the 32%

[Captioner] 10:10:19

and 36% range.

We are not done with the project

[Captioner] 10:10:23

yet, and we do have some

[Captioner] 10:10:26

substantive change orders to work

[Captioner] 10:10:30

in, and so but we're in that range.

We will exceed

[Captioner] 10:10:34

30% and we're very excited about that.

One of the things

[Captioner] 10:10:37

that I wanted to talk

[Captioner] 10:10:40

with you all about this morning is

[Captioner] 10:10:43

a program that we launched at Anna Mann that

[Captioner] 10:10:46

we're very excited about.

We worked with

[Captioner] 10:10:50

NAMC and the Oregon

[Captioner] 10:10:52

Tradeswomen association to create An Anti-hazing

[Captioner] 10:10:56

Program and zero tolerance

[Captioner] 10:10:59

policy.

So Oregon Tradeswomen presented the

[Captioner] 10:11:03

trainings for

[Captioner] 10:11:06

us.

We had two two-hour construction manager trainings and so

[Captioner] 10:11:10

all the foremen and the project

[Captioner] 10:11:14

leaders were, from the construction companies were,

[Captioner] 10:11:17

participated in that, as well the

[Captioner] 10:11:21

subcontractor foremen and eight

[Captioner] 10:11:24

20-minute toolbox talks, for all workers working on

[Captioner] 10:11:27

site, and we really got some positive

[Captioner] 10:11:30

feedback.

There was a little, you know, trepidation

[Captioner] 10:11:33

I would say in the beginning, people really didn't know

[Captioner] 10:11:36

what this was going to be like, but the trainings really

[Captioner] 10:11:40

focus -- because Oregon Tradeswomen did the

[Captioner] 10:11:43

trainings, and they are in the trades, and have that

[Captioner] 10:11:46

experience, they were really able to

[Captioner] 10:11:50

tailor the examples of what hazing means, and what discrimination

[Captioner] 10:11:53

means, and what equity means to

[Captioner] 10:11:57

the construction atmosphere, and so after

[Captioner] 10:12:00

the program was done, we had a

[Captioner] 10:12:03

lot of people, workers come up and say hey, thank you for doing

[Captioner] 10:12:06

this.

We've never really experienced something like this on a job before,

[Captioner] 10:12:10

and we really appreciate it.

And people did

[Captioner] 10:12:13

notice some changes.

[Captioner] 10:12:16

There were actually two fairly serious disciplinary actions that

[Captioner] 10:12:20

came out of this, two workers were

[Captioner] 10:12:24

released from employment because they could not follow the

[Captioner] 10:12:27

policies, and that's, there has to be consequences

[Captioner] 10:12:30

for the program to really work right, and workers, the

[Captioner] 10:12:33

feedback from workers was, hey, you're really serious about

[Captioner] 10:12:37

this, and we appreciate that.

So we're

[Captioner] 10:12:40

excited about the program.

We're going to be doing it at all of

[Captioner] 10:12:43

innovative housing jobs now, and we thank

[Captioner] 10:12:47

you guys for giving us the inspiration

[Captioner] 10:12:50

to really do

[Captioner] 10:12:53

this.

Next slide.

[Captioner] 10:12:57

So this is our current projected participation.

[Captioner] 10:13:00

We had two contractors on this job,

[Captioner] 10:13:03

Silco Commercial Construction and Todd

[Captioner] 10:13:06

Construction.

Todd was the contractor for the East

[Captioner] 10:13:09

Building.

They're pretty much done so their

[Captioner] 10:13:13

32% is about set.

Silco isn't done

[Captioner] 10:13:16

yet, and so we're

[Captioner] 10:13:19

in that 36% to 32% range for them at this

[Captioner] 10:13:23

time.

Our workforce training efforts are

[Captioner] 10:13:27

coming along well, especially in the female

[Captioner] 10:13:30

apprentice.

I don't have the current hard numbers for you,

[Captioner] 10:13:33

but we're going to well exceed the female

[Captioner] 10:13:38

apprentice hours, and we'll be running about

[Captioner] 10:13:41

right in line with minority hours.

[Captioner] 10:13:49

slide, please.

So here's our current funding sources update.

[Captioner] 10:13:52

You'll see that the project did change quite a bit over

[Captioner] 10:13:55

time, and that was due to, you

[Captioner] 10:13:59

know, our current cost escalation atmosphere, and

[Captioner] 10:14:02

we did add work to the project

[Captioner] 10:14:05

creating more units, but the big news

[Captioner] 10:14:09

for this slide is the PCEF

[Captioner] 10:14:12

funding, what the project did apply for a PCEF grant,

[Captioner] 10:14:15

and the timing was a little interesting, because we

[Captioner] 10:14:19

applied in fall of '21 and then we weren't

[Captioner] 10:14:22

awarded until late in '22, and so that was a little

[Captioner] 10:14:25

bit of a challenge, just trying to get all

[Captioner] 10:14:28

the work into the project and the plans

[Captioner] 10:14:31

amended, but we have added $2 million

[Captioner] 10:14:35

to the project.

Every unit has a

[Captioner] 10:14:38

mini split for heating and cooling.

We have

[Captioner] 10:14:42

solar.

We have EV charging.

We're adding large shade

[Captioner] 10:14:45

trees to the site, because we did have to remove some trees, and so

[Captioner] 10:14:48

it's very exciting that we can

[Captioner] 10:14:52

include that PCEF and green work to the project.

Next slide.

[Captioner] 10:14:57

So here is a

[Captioner] 10:15:02

review of the cost

[Captioner] 10:15:05

changes.

So we have had other impacts, as Jill alluded

[Captioner] 10:15:09

to in the beginning of the presentation.

[Captioner] 10:15:12

have had construction loan

[Captioner] 10:15:15

increases, cost increases and cost escalation.

How

[Captioner] 10:15:18

we are covering that includes the

[Captioner] 10:15:21

PCEF grant.

We are able to capture a

[Captioner] 10:15:25

low-income housing tax credit upward adjuster, because we have added

[Captioner] 10:15:28

so much work to the project through the

[Captioner] 10:15:31

PCEF grant, and other things, and so we are able to capture

[Captioner] 10:15:34

a little bit of the upside on that.

Our

[Captioner] 10:15:37

agreement was

[Captioner] 10:15:44

structured that way with our investors so that was

[Captioner] 10:15:47

fortunate and foresighted.

We did have a special

[Captioner] 10:15:51

contingency from PHB which we have been judiciously

[Captioner] 10:15:54

utilizing for the cost escalation items.

And

[Captioner] 10:15:59

this photo is just shows you what goes into

[Captioner] 10:16:03

everything that goes into a

[Captioner] 10:16:07

new construction building.

The corridors are especially busy and have a lot of

[Captioner] 10:16:10

things running through them.

Next slide, please.

[Captioner] 10:16:16

So here is the development process.

[Captioner] 10:16:19

I did this slide a few days ago, and so we've had a few

[Captioner] 10:16:22

more families move in since

[Captioner] 10:16:25

then.

The East Building is complete, and then we

[Captioner] 10:16:28

expect the South Building to be complete by the end of this

[Captioner] 10:16:32

month.

That will add 40 more

[Captioner] 10:16:35

units.

There are three bedrooms and even one four-bedroom

[Captioner] 10:16:38

unit in that building, and so that's exciting.

And then the

[Captioner] 10:16:41

existing building, we are expecting to be complete in

[Captioner] 10:16:44

September.

You can imagine a National

[Captioner] 10:16:48

[Captioner] 10:16:51

100-year-old building, it has its amount ofle

[Captioner] 10:16:55

challenges, we knew there would be some but this photo shows an excavation

[Captioner] 10:16:58

for the lower level

[Captioner] 10:17:01

waterproofing.

We have a lower level that is about

[Captioner] 10:17:09

six feet below the ground and the windows up on

[Captioner] 10:17:12

top, and it leaked, so we are excavating and doing

[Captioner] 10:17:15

a lot of waterproofing as we speak.

Next slide,

[Captioner] 10:17:18

please.

So that just goes over the changes

[Captioner] 10:17:22

that have

[Captioner] 10:17:26

occurred.

Next slide.

And these are some

[Captioner] 10:17:29

photos of the East Building complete.

[Captioner] 10:17:32

the far left lower photo, you'll see as you're

[Captioner] 10:17:35

looking straight ahead, the building, you're looking at

[Captioner] 10:17:38

the end, the front end of the East Building and then

[Captioner] 10:17:41

on the left is the National

[Captioner] 10:17:45

[Captioner] 10:17:48

closer version of it on the top center photo and we're really

[Captioner] 10:17:51

pleased with how the

[Captioner] 10:17:57

new buildings look and architecture did a great job creating a new twist and

[Captioner] 10:18:00

new design for the new buildings that really echo the feeling and

[Captioner] 10:18:03

the quality of the old existing building.

We've had

[Captioner] 10:18:06

a lot of people both new residents

[Captioner] 10:18:10

and neighbors from the

[Captioner] 10:18:14

Laurel Hurst and Kerns Neighborhood Associations that have

[Captioner] 10:18:18

really had positive reactions over the look of the buildings.

The photo on

[Captioner] 10:18:21

the left is the other side of the East Building.

That's

[Captioner] 10:18:25

a ramp that comes over and connects it with

[Captioner] 10:18:29

the National Register Building which

[Captioner] 10:18:32

will have our community space in it and the lower center photo

[Captioner] 10:18:35

shows you some of our finishes for the kitchens

[Captioner] 10:18:39

and the apartments, echoing the trend of really getting the wood and the

[Captioner] 10:18:42

natural materials in there.

We find that

[Captioner] 10:18:45

that really provides a quality and positive

[Captioner] 10:18:49

feeling for residents, and then on the right, lower right

[Captioner] 10:18:52

corner, that's a photo of the mini splits that are

[Captioner] 10:18:55

up on the roof of the east building, and so

[Captioner] 10:18:58

getting all of those in was a nice

[Captioner] 10:19:02

puzzle for the designers and the subs, and we

[Captioner] 10:19:05

got them all in.

[Captioner] 10:19:09

photo, please.

[Captioner] 10:19:12

here's the South Building.

You'll see it has similar

[Captioner] 10:19:15

design cues as the East Building

[Captioner] 10:19:19

did.

On the top left photo, you can see the huge tree

[Captioner] 10:19:22

that we have preserved.

It's purported to be the

[Captioner] 10:19:27

oldest tulip tree in Oregon so we did a lot of extra

[Captioner] 10:19:30

things to save some very large, old trees on the site, and it isn't

[Captioner] 10:19:33

as easy as you think it would be.

You'd think the trees are

[Captioner] 10:19:36

there, you can work around them.

There's a lot of things that goes into

[Captioner] 10:19:40

that, so we all received a bit of an education on

[Captioner] 10:19:43

that, but we have saved a bunch

[Captioner] 10:19:46

of trees and it's just really nice.

And then the

[Captioner] 10:19:49

lower right-hand photo is a photo of the top floor.

[Captioner] 10:19:52

You can see some of those interesting roof

[Captioner] 10:19:55

lines.

This project is nice because even

[Captioner] 10:19:58

the new buildings have some of that

[Captioner] 10:20:02

charming character that goes into why people

[Captioner] 10:20:05

like historic buildings, and so even the new buildings have

[Captioner] 10:20:08

been able to incorporate some of that,

[Captioner] 10:20:11

and so we have folks that are just chomping at the bit

[Captioner] 10:20:15

to get into this building, and so we are excited to be able to finish it

[Captioner] 10:20:18

at the end of the month, because we've taken a bunch of

[Captioner] 10:20:21

applications for it already.

Next slide.

[Captioner] 10:20:25

And then this gives you a taste of

[Captioner] 10:20:29

the existing National Register Building and some of the work

[Captioner] 10:20:33

that's going on here.

The top left photo, this is

[Captioner] 10:20:36

scaffolding that was up.

We were doing chimney

[Captioner] 10:20:39

restoration on this 100-year-old building, and then the lower

[Captioner] 10:20:43

left photo is some site

[Captioner] 10:20:46

work that was going on.

The lower center photo, this

[Captioner] 10:20:50

kind of shows you everything it takes to get modern

[Captioner] 10:20:54

utilities, electrical, plumbing,

[Captioner] 10:20:57

the mini splits into the units, and then the lower right photo

[Captioner] 10:21:01

is an example of a unit that is just ready

[Captioner] 10:21:05

for drywall.

Since that photo was taken, we have

[Captioner] 10:21:08

drywall almost completed now.

Next slide.

[Captioner] 10:21:13

So we'll take

[Captioner] 10:21:16

questions.

I am hoping that my colleague, Leah

[Captioner] 10:21:19

Cooper, has joined us.

She is Director of Housing operations company

[Captioner] 10:21:23

for Innovating Housing.

Leah, are

[Captioner] 10:21:26

you on the call yet?

>> I am here, yep.

>> Great.

[Captioner] 10:21:29

Well, Leah is going to talk a little bit

[Captioner] 10:21:32

about lease-up and outreach and community

[Captioner] 10:21:35

engagement.

>> Hi, everyone.

As Julie said, I'm

[Captioner] 10:21:38

looia Cooper, Director of Housing

[Captioner] 10:21:41

Operations at IHI, and currently doing

[Captioner] 10:21:44

a lot of work on the lease-up for Anna Mann.

[Captioner] 10:21:50

We have 15 units moved in.

We have a lot more that are working

[Captioner] 10:21:54

their way through compliance.

[Captioner] 10:21:58

And in addition to

[Captioner] 10:22:01

that, the project has 12 PSH

[Captioner] 10:22:05

units, six in the East Building

[Captioner] 10:22:10

and six in the South Building.

All of the East Building

[Captioner] 10:22:14

units are identified.

Folks are moved to the

[Captioner] 10:22:17

HomeForward phase of the application process and the six units in

[Captioner] 10:22:21

the South Building or already identified and working their way through the

[Captioner] 10:22:24

process.

We feel really good about the lease-up of the

[Captioner] 10:22:27

permanent supportive housing units.

[Captioner] 10:22:31

We've done a bunch of different things

[Captioner] 10:22:34

to get folks into Anna Mann.

We started

[Captioner] 10:22:37

with an interest list that started oh, probably about a year and a half

[Captioner] 10:22:40

ago, so we let everybody know on the interest list when the building was

[Captioner] 10:22:43

starting to take applications.

We also

[Captioner] 10:22:48

did a lot of providing information to any service partner

[Captioner] 10:22:51

that IHI has ever worked with, frankly.

We've

[Captioner] 10:22:54

been sending out emails.

[Captioner] 10:22:57

We did provide sort of a lag time between when

[Captioner] 10:23:00

we led our service partners and interest list

[Captioner] 10:23:03

to know and when we started a sort of general

[Captioner] 10:23:07

-- and of course, the

[Captioner] 10:23:10

AFHMP contacts as well.

After we notified all of

[Captioner] 10:23:13

them, we sort of created a little bit of a lag time

[Captioner] 10:23:16

before we started general marketing to

[Captioner] 10:23:19

the community, just to make

[Captioner] 10:23:23

sure that we had, frankly, a diverse

[Captioner] 10:23:27

pool of applicants, but we have started sort of the general

[Captioner] 10:23:33

marketing for the building, which means

[Captioner] 10:23:36

we're spending, you know,

[Captioner] 10:23:39

money on apartments.com, Craigslist, and

[Captioner] 10:23:41

sort of more mainstream ways of letting the community know that we have openings.

[Captioner] 10:23:48

I wanted to mention that we are doing a lot of work

[Captioner] 10:23:51

with our, with neighbors

[Captioner] 10:23:55

in the Laurel Hurst community.

I met with a group of neighbors this

[Captioner] 10:23:59

week and they sort of that their own campaign.

They have all of our marketing

[Captioner] 10:24:02

materials and pre-application so they have spreading that

[Captioner] 10:24:06

out throughout the community to see if anyone that's

[Captioner] 10:24:09

living in Laurel Hurst and Kerns is interested in

[Captioner] 10:24:12

living there.

We've done some marketing with the Laurel Hurst School

[Captioner] 10:24:16

to make sure that there are

[Captioner] 10:24:19

families that are interested in affordable housing,

[Captioner] 10:24:23

would have access.

Yes, so that's kind

[Captioner] 10:24:26

of where we are right now the lease-up process.

[Captioner] 10:24:29

I'm not sure if there's any other information in particular that would

[Captioner] 10:24:32

be helpful for folks to know.

>> Well, I

[Captioner] 10:24:35

appreciate it.

We are at our time, actually, for

[Captioner] 10:24:38

the presentation, so that's fantastic.

Great

[Captioner] 10:24:42

timing around it.

I will

[Captioner] 10:24:46

go to questions from the bond Oversight

[Captioner] 10:24:49

Committee and begin with Analise, comments or questions?

[Captioner] 10:24:52

>> Thanks, Dr. Holt.

I don't have any

[Captioner] 10:24:55

questions for either of you.

Thank you so much for this presentation.

[Captioner] 10:24:58

It's really exciting

[Captioner] 10:25:01

to see -- I was particularly interested in this project

[Captioner] 10:25:05

knowing its location and getting affordable

[Captioner] 10:25:08

housing into the neighborhood and also, you know, knowing that you are

[Captioner] 10:25:12

renovating an historical, old

[Captioner] 10:25:15

building was going in and imagining it was going to be

[Captioner] 10:25:18

particularly tough and that you were going to encounter some surprises, so really

[Captioner] 10:25:23

excited to see that, you know, you figured

[Captioner] 10:25:26

out how to overcome them

[Captioner] 10:25:29

and September hopefully that last piece will be up

[Captioner] 10:25:32

and open for folks to move into.

[Captioner] 10:25:37

wonderful job.

Thanks for the last couple of years.

>> Thank you, Analise.

[Captioner] 10:25:43

Todd?

>> Yes, thank you.

Apologies if you can hear a dog

[Captioner] 10:25:46

barking in the background, but no questions.

Just

[Captioner] 10:25:49

appreciations.

I guess I did want to call

[Captioner] 10:25:52

a special appreciation for saving the trees.

[Captioner] 10:25:56

We've actually done in East

[Captioner] 10:26:00

Portland the value of urban forestry and

[Captioner] 10:26:03

green landscapes and old trees are really hard

[Captioner] 10:26:06

to replace.

And so yeah, I imagine it was a lot of

[Captioner] 10:26:09

work to work around them, but once those things

[Captioner] 10:26:12

are

[Captioner] 10:26:15

done, -- down, they take decades

[Captioner] 10:26:18

to come back.

I appreciate it, thank you.

>> Thank you,

[Captioner] 10:26:22

Todd.

Thanks for the

[Captioner] 10:26:23

presentation.

Great work.

Significant things happening.

[Captioner] 10:26:31

We appreciate you for being here today.

Next on our

[Captioner] 10:26:35

agenda is the interim Director's

[Captioner] 10:26:39

Update.

Molly?

>> Molly had a scheduled meeting until

[Captioner] 10:26:43

10:30.

I'll run and see if she's available to join us right now.

[Captioner] 10:26:46

>> Okay, we'll take just a moment, give

[Captioner] 10:26:49

everybody an opportunity, five minutes to

[Captioner] 10:26:53

get a drink or whatever else you may need to do.

We'll be back in five.

[Captioner] 10:32:26

And we are back.

[Captioner] 10:32:29

Good to see you, Molly.

Good morning to you.

[Captioner] 10:32:34

>> Good morning to you, Dr. Holt.

And to the rest of the committee.

[Captioner] 10:32:39

>> Yes, this is what happens when you

[Captioner] 10:32:42

have an efficient team, and they're going through

[Captioner] 10:32:45

their items expeditiously.

[Captioner] 10:32:49

We sometimes get a little ahead of the schedule.

[Captioner] 10:32:53

>> Not a problem.

I'm thrilled to

[Captioner] 10:32:57

have

[Captioner] 10:33:00

joined you this morning

[Captioner] 10:33:05

and share a few

[Captioner] 10:33:09

updates at the Bureau.

My name is Molly

[Captioner] 10:33:12

Rogers, Interim Director of Portland Housing Bureau and I go by she/her

[Captioner] 10:33:15

pronouns.

Nice to see a few members of our committee with us

[Captioner] 10:33:18

today.

I wanted to let folks know we have an active

[Captioner] 10:33:22

recruitment happening right now for the Director

[Captioner] 10:33:29

of the Housing Bureau.

It is going to be -- it's being conducted out of Commissioner

[Captioner] 10:33:32

Rubio's office and it's going to be considered

[Captioner] 10:33:35

open until filled so if you know of

[Captioner] 10:33:38

anyone, let folks know as soon as possible to get

[Captioner] 10:33:41

their names in there, find the right leader to take us

[Captioner] 10:33:45

to the next level and address our various housing

[Captioner] 10:33:49

challenges happening in the city.

We're very excited for this process

[Captioner] 10:33:53

to unfold.

We hope to have

[Captioner] 10:33:56

a series of panels set up in

[Captioner] 10:34:00

the next month or two, and obviously everyone's

[Captioner] 10:34:03

anxious to get

[Captioner] 10:34:06

the next director on board as soon as possible.

In the

[Captioner] 10:34:09

meantime, we continue to not just

[Captioner] 10:34:12

close the highest number of projects

[Captioner] 10:34:16

that we've ever closed in PHB's history in a short amount of time, and continue to

[Captioner] 10:34:19

have a couple more closings, but we're also gearing up for

[Captioner] 10:34:22

a couple more solicitations

[Captioner] 10:34:25

this calendar

[Captioner] 10:34:28

year.

We just sent out a press release

[Captioner] 10:34:32

that expressed some of the thinking around

[Captioner] 10:34:36

the solicitations first and foremost,

[Captioner] 10:34:39

looking at a last gap NOFA, it's a

[Captioner] 10:34:42

term that we're using that is sort of in

[Captioner] 10:34:45

contrast to the first ones in a project, we're hoping

[Captioner] 10:34:48

to be the last ones in a prong that is permit

[Captioner] 10:34:51

ready, and has been struggling with some

[Captioner] 10:34:56

last-minute financial leads,

[Captioner] 10:35:00

ject that is permit ready, and has been struggling with some last-minute financial leads, but it

[Captioner] 10:35:03

personaled and ready to go.

We have gotten other

[Captioner] 10:35:06

commitments for affordability lined

[Captioner] 10:35:09

up, but are just sitting there to be closed, waiting for someone

[Captioner] 10:35:13

to come in and get them to that

[Captioner] 10:35:16

final

[Captioner] 10:35:19

finish line.

We're hoping to do a solicitation on

[Captioner] 10:35:22

preservation.

We have $5 million in ARPA

[Captioner] 10:35:26

funds, that's

[Captioner] 10:35:30

Federal American Rescue Act funds to preserve projects

[Captioner] 10:35:34

that may be expiring affordable

[Captioner] 10:35:37

restrictions or have life safety concerns.

Last but not least we hope to

[Captioner] 10:35:41

get a team on board,

[Captioner] 10:35:44

former Broadway Corridor phase one, about to go

[Captioner] 10:35:47

into council next week to solidify

[Captioner] 10:35:50

an intergovernmental agreement with Crossroad Portland to

[Captioner] 10:35:53

build out affordable housing

[Captioner] 10:35:56

at the

[Captioner] 10:36:01

United States Postal Service site, a

[Captioner] 10:36:04

huge site north of Downtown,

[Captioner] 10:36:08

just west of the Pearl District.

We're

[Captioner] 10:36:11

excited to be able to think about being an

[Captioner] 10:36:14

early partner and catalytic partner in getting

[Captioner] 10:36:17

affordable housing built early on to kick-start the rest

[Captioner] 10:36:20

of that development.

Just wanted to also

[Captioner] 10:36:23

let you know, we have been working

[Captioner] 10:36:27

to recalibrate our landmark inclusionary

[Captioner] 10:36:31

Housing Policy.

[Captioner] 10:36:35

convened a panel of experts over the last eight months, and

[Captioner] 10:36:38

that work just concluded on Monday.

There's

[Captioner] 10:36:42

a fantastic article from OPB today

[Captioner] 10:36:47

that highlights the findings of the consultant

[Captioner] 10:36:50

that we hired, and the potential recommendations

[Captioner] 10:36:53

coming out of that panel, and we

[Captioner] 10:36:56

are looking forward to

[Captioner] 10:36:59

working with council on reforms to make sure that this program continues

[Captioner] 10:37:03

to be effective, make sure that it

[Captioner] 10:37:06

is fully Kohl grated and current

[Captioner] 10:37:11

housing market conditions, and can continue to build out

[Captioner] 10:37:15

affordable housing throughout the whole city with the

[Captioner] 10:37:19

focus on the 60% [ indiscernible

[Captioner] 10:37:22

So overall, I would

[Captioner] 10:37:25

say that IH has created over 1,000 affordable

[Captioner] 10:37:28

housing units that would not have otherwise

[Captioner] 10:37:32

existed, if not for the policy

[Captioner] 10:37:36

embedded within market rate, and

[Captioner] 10:37:40

that is just something that is a

[Captioner] 10:37:43

phenomenal milestone, just for us to acknowledge in

[Captioner] 10:37:47

itself, because that policy passed six years ago

[Captioner] 10:37:52

but those of us who have been hauling it, a lot of projects went

[Captioner] 10:37:55

before the policy got in and got invested under

[Captioner] 10:37:58

pre-inclusionary housing so we've been able to show that

[Captioner] 10:38:01

this has been effectively implemented in the

[Captioner] 10:38:04

housing units.

That work is going to

[Captioner] 10:38:10

be highlighted alongside

[Captioner] 10:38:13

other housing needs analyses to

[Captioner] 10:38:16

kick-start a larger production strategy

[Captioner] 10:38:19

in front of City Council on July 25th.

[Captioner] 10:38:22

I encourage you all

[Captioner] 10:38:26

to go and listen to that work session.

We're

[Captioner] 10:38:29

doing that with our service area bureau

[Captioner] 10:38:32

partners, the Bureau of Planning and Sustainability the

[Captioner] 10:38:35

Bureau of Development Services and Prosper

[Captioner] 10:38:39

Portland, showing how all the bureaus have a stake in

[Captioner] 10:38:43

housing production, and all play a critical role in

[Captioner] 10:38:46

trying to reduce obstacles, reduce costs, make it

[Captioner] 10:38:50

easier for the developing community to keep working on building more

[Captioner] 10:38:53

and more housing with

[Captioner] 10:38:56

ARPA affordable housing.

[Captioner] 10:39:00

with that, I am -- oh, just one last

[Captioner] 10:39:03

final update.

Everyone is trying to figure out whether we are

[Captioner] 10:39:06

going to have a bond measure

[Captioner] 10:39:11

2.0.

As we

[Captioner] 10:39:14

send out the Portland housing bonds, we're

[Captioner] 10:39:18

close to spending down our community metro bond

[Captioner] 10:39:21

goals and just wanted to just acknowledge

[Captioner] 10:39:25

there's conversations that are being

[Captioner] 10:39:30

had.

People are -- it's going to be ultimately conversations between our

[Captioner] 10:39:33

elected officials and the Metro

[Captioner] 10:39:36

Council and what makes the most sense in this current

[Captioner] 10:39:41

political landscape, you

[Captioner] 10:39:44

know, given how much appetite we think the

[Captioner] 10:39:47

voters would have in other bond measures.

No set

[Captioner] 10:39:52

plan, but conversations will be had.

[Captioner] 10:39:55

Just with that, I'll open it up to any questions.

[Captioner] 10:39:59

>> Thank you very much.

Very

[Captioner] 10:40:02

thorough.

A lot happening!

Much is going on.

[Captioner] 10:40:08

Analise, any comments or questions?

>> None for me, thank you,

[Captioner] 10:40:08

Dr. Holt.

>> Absolutely.

Todd, any comments or questions?

[Captioner] 10:40:14

>> None from me, thank you.

>> Well, thank you.

[Captioner] 10:40:20

Thanks, Molly, for the update, and all of the presenters and

[Captioner] 10:40:23

all of the work that's been on it.

That brings us

[Captioner] 10:40:27

to the end of another Bond Oversight Committee.

[Captioner] 10:40:30

Again, we are almost halfway through July, if you can believe

[Captioner] 10:40:33

it.

It's amazing how quickly things are moving.

[Captioner] 10:40:37

Our next meeting will happen, it's our next

[Captioner] 10:40:40

scheduled meeting is planned for the 5

[Captioner] 10:40:43

th of October, and we look

[Captioner] 10:40:47

forward to being together.

That is a morning

[Captioner] 10:40:51

meeting, and if there are any other items

[Captioner] 10:40:54

that come up between now and then, we will make sure to get that word out.

[Captioner] 10:40:59

So as I wrap up my

[Captioner] 10:41:03

thought for today, at the end of this great meeting, we have a

[Captioner] 10:41:07

few, well, weeks left of summer.

[Captioner] 10:41:10

encourage us to get out and enjoy this incredible weather that

[Captioner] 10:41:15

we've been having here in the northwest

[Captioner] 10:41:18

and as you do, continue to take care of yourself and one another.

We'll see each other soon.

[Captioner] 10:41:23

Bye-bye, everybody.