18:06:32 >> Good evening, everybody, welcome 18:06:35 to our oversight economy for the north 18:06:38 northeast housing, neighborhood 18:06:41 strategies. I am Dr. Holt and I am 9 chair of the 18:06:44 oversight committee. Many know that, but for those who do not, 18:06:47 hello, hi. We are in a unique 18:06:50 moment. It is a unique time that we 18:06:54 are all kinds are experiencing together, like to or not, here we 18:06:57 are. Pressures are uniquely expressed 18:07:01 based on our own lived experience and dynamic, 18:07:04 so thanks for taking some time out of your 18:07:07 evening to join me. You will see 18:07:10 that I've got two names, or two 18:07:13 spaces occupied tonight, and that is because the 18:07:16 web cam for my desk top 18:07:19 is no longer functioning correctly, however in order to see 18:07:22 each of you or all of you at one time it is easier 18:07:25 for me to do that from my desk top. In 18:07:28 order for you to see me, I'm doing it from my 18:07:32 ipad. If see two spaces it isn't that 18:07:35 there is two of me or I'm beside myself, 18:07:38 it is because of the very reason I just 18:07:42 explained. You see on your screen kind of some 18:07:45 protocols and tips for tonight. So I'm 18:07:48 just going to go through them pretty quickly. Number 18:07:52 one, be patient and respectful. This is a new experience for 18:07:55 us all. It is what I'm calling the 18:07:58 zoom dance, we are in 18:08:02 this unique space where 18:08:05 we've been forced to function and 18:08:08 operate and connect through this virtual medium, and 18:08:11 I must admit, I'm not really crazy about it 18:08:14 I'm not, but here we are and this is what 18:08:17 we've got. So thanks for being a part of it. Check 18:08:20 your speakers and your microphone, make sure they're 18:08:24 working properly, and we ask you to mute 18:08:27 your phone or your mic when you're not speaking. If 18:08:30 you make sure that you're muted. The way you do that 18:08:33 is, if you run your cursor over your screen, you 18:08:36 will notice down in the left hand 18:08:39 corner an icon, and that icon you can 18:08:42 then click and it will put a red 18:08:45 dash over it. You click it again and the red dash 18:08:48 will go away so that you can speak. 18:08:51 Then, we also ask that you would introduce yourself 18:08:54 buffer speak. 18:08:57 Now, that specifically to the oversight committee members. 18:09:00 You will be the ones engaging 18:09:04 and/orthos presenting. His ourcally, in 18:09:07 our meetings, you know when we're 18:09:10 together, you have a 18:09:13 name tent and you 18:09:17 have it on its side and I call on you and you engage. We don't have 18:09:20 name tents but we have this opportunity or this 18:09:23 functionality. So what I all ask you to do, when you have something to 18:09:26 say, oversight committee members 18:09:35 or 18:09:40 those who want to weigh in or say something, 18:09:44 our wonderful host will recognize the chat, if 18:09:47 I don't, she will catch it and we will make sure you are 18:09:51 given an opportunity. I would ask we don't speak over 18:09:54 one another, especially in this 18:09:57 environment that we're really sensitive to that. Then 18:10:00 the chat will be open at the end for public testimony. Now, 18:10:03 even though we're in a virtual setting, you will still 18:10:06 have a time frame allowed 18:10:09 or the chat function. Here is the thing you 18:10:13 must know. Public testimony, we 18:10:16 control the mute and so if you are going beyond the 18:10:20 allotted time, I'm asking the host to mute 18:10:23 you. And not to be rude and not to 18:10:26 be insensitive but to make sure we are 18:10:29 consistent. So you might want to team yourself and think about 18:10:32 your moment. Usually, I give two minutes 18:10:35 to public testimony. I think that's it. Then there is just one 18:10:38 other thing that he ask. This is a 18:10:41 strange environment already, excuse me. The fact that 18:10:44 we're in this zoom moment has its 18:10:48 own level of strain and creates its 18:10:51 own level of distance so my request is that, 18:10:54 provided you can that you turn on your video. I would 18:10:57 love to see faces. So while we're 18:11:00 already disconnected and can't touch, it would be great 18:11:03 to be able to see your face. There is 18:11:06 a note that says you can raise your hand, as 18:11:10 well, under the participation 18:11:13 icon. So, I hope that makes sense and we are 18:11:16 going to get rolling. You can move 18:11:19 the slide. 18:11:25 We will go over our agenda. 18:11:28 Welcome, may 14. We will talk about the 18:11:31 five-year summary tonight. We've got quite a full agenda. In 18:11:35 fact, I'll just give you the overview and then we're going 18:11:38 to do a roll call tonight, so we're going to 18:11:41 do our five-year annual report goals, 18:11:44 we're going to talk about the neighborhood housing program update. 18:11:48 We've good some prefer reasons policy 18:11:51 updates. A Williams and Russell update and then space for 18:11:54 public comment. Tonight's meeting predominantly will 18:11:57 be Portland housing bureau 18:12:00 presentation, and my hope is that we will be able to meet in person 18:12:03 at our next team together and we'll 18:12:06 hear from our partners through the non-profit 18:12:13 partners. But tonight will be the Portland 18:12:16 housing bureau and their presentation. 18:12:19 Why don't we do a roll call and those who are actively 18:12:22 a part of the oversight committee, I 18:12:25 will have you unmute yourself and say 18:12:29 here or hello or something like that. 18:12:33 Again, Dr. Holt is present. 18:12:36 Felicia. >> I'm here, Dr. Holt. >> Hello, 18:12:40 Felicia. >> Hello. 18:12:45 >> Dr. Bathes. >> 18:12:48 Hi, everyone. Good 18:12:53 evening. >> Tristan Dallas. >> 18:12:56 Good evening, everyone. Tristan here. >> Good evening 18:12:59 and welcome. 18:13:04 Jilian. >> I am here. Hello, Dr. Holt. >> 18:13:08 Hello, Jilian. Glad you made it. I 18:13:11 do see any others? Did I miss 18:13:14 any other oversight committee 18:13:18 members. >> Miss Virgi. 18:13:21 I may have to unmute 18:13:25 her. 18:13:30 There we go. 18:13:40 >> All right, humid here, thank you. 18:13:44 -- I am here, thank you. >> 18:13:47 Welcome, glad you are here. 18:13:50 Those who are joining us tonight and who may not 18:13:54 know, I will also 18:13:57 introduce PHB staff members. Or Leslie, I will have 18:14:00 you introduce your PHB staff, please. >> Well, 18:14:03 just one second. I'm trying to do six things 18:14:06 at one time, so 18:14:09 let's see, we have the bureau director, 18:14:12 Shannon Callahan. 18:14:15 >> Good evening, everyone. >> The 18:14:18 deputy director, molly 18:14:21 Rogers. >> Good evening. Hi, 18:14:25 everyone. >> Norma 18:14:30 trujillo, our admin person. She is recording and taking 18:14:33 notes for us tonight. >> Hello, everybody. 18:14:37 . >> Matthew Tschabold, policy and 18:14:40 planning director manager. >> Hello. 18:14:45 >> 18:14:49 Dana Shepard. >> Hi, everyone. >> 18:14:53 Jill chen. >> Hi, everyone. >> 18:14:56 And I think we have a number of other staff that are 18:15:00 listening in, so welcome all of our PHB 18:15:03 folks that are on the call but not presenting 18:15:06 tonight. >> Thank you very 18:15:09 much, I appreciate it. Again, on 18:15:13 our agenda -- >> I'm sorry, sir. You forgot one 18:15:16 thick, we're also doing an 18:15:20 update on the PHB developments. You skipped over that on 18:15:23 the agenda. >> I did skip that. Thank you for calling that 18:15:26 to my attention, I appreciate it. We will begin, 18:15:30 we'll start with you, miss 18:15:33 Goodlow. >> Okay. 18:15:36 The sliceds you're going to see are the one it as 18:15:40 we use for 18:15:48 city council and for the 18:15:51 five-year that had to be canceled because the covid. We will go over 18:15:55 what we accomplished in the last five years. 18:15:59 There we go. So this first 18:16:02 slide shows how we have 18:16:05 allocated the funds through 18:16:08 the four goal areas, 18:16:11 and then also the amount 18:16:15 of money that 18:16:19 we have not spent, which are in 18:16:23 goals 2 and goals 3, creating new 18:16:27 homeowners and creating rental homes that those 18:16:30 dollars have been committed but not spent, 18:16:33 that's about $28 million. And 18:16:36 then we have $9 million in 18:16:40 preventing displacement, that's home repair. All 18:16:43 the rest of our funds that 18:16:46 we have through the north 18:16:50 northeast 20 million, the TIF, 18:16:53 the base TIF, tax increment 18:16:57 financing, everything else has been committed to either a homeowner 18:17:00 or a project. Some of 9 18:17:03 accomplishments of 2019, the Magnolia II 18:17:06 was completed and started leasing in 18:17:11 September. 18:17:14 We have three projects started construction, and Jill 18:17:17 is going to talk about those. 18:17:23 Songbird, renowns park and King & Parks. 18:17:26 Our preference policy home buyers increased from 18:17:29 seven to 18:17:56 33 the green dots are rental 18:18:00 properties and pinkish-orange dots are the 18:18:05 pre-ownership development properties so this slide 18:18:08 shows the number of families 18:18:11 per year that received home 18:18:14 repair loans or grants. We have had 18:18:17 a total of 558 18:18:20 families receive 18:18:23 grantses, although some have received more than one and we've 18:18:27 had 122 families receive home 18:18:31 repair loans 18:18:34 . This next slide shows the demographics of the 18:18:37 folks that received home repair loans or 18:18:40 grants by race over the five 18:18:45 years. This slide shows the 18:18:49 number of preference policy family 18:18:53 ies by source, since we started the project and 18:18:56 the smaller box is race ethnicity of the home 18:19:01 buyers. One of the action 18:19:05 items that Dana is going to be doing this evening is 18:19:08 around the goal for our creating new 18:19:12 homeowners. And this data was through 18:19:16 December 31 of 2019. We have had 18:19:19 additional folks since then, and 18:19:22 Dana will talk about that. Strategy three, 18:19:25 creating rental homes. As of 18:19:29 February 7, we had 24 18:19:32 families and six scheduled to move in, 18:19:36 and I believe they are -- now and 18:19:39 the three projects were expected to be completed 18:19:42 in June. Some of them are still around June, 18:19:45 but again, Jill will talk about 18:19:49 that. We have exceeded 18:19:52 our goal of 380 true the 18:19:55 strategy. We will have 501 units through six 18:20:00 buildings. 52% 18:20:03 of the units are family sized with 18:20:06 two or more bedrooms. We're going to be 18:20:09 able to serve very will he income 18:20:13 families through section 8 and permanent supportive 18:20:20 housing and o and 18:20:24 approximately 1254 people will be housed in 18:20:27 the units. We have two properties we are 18:20:30 land banking. We purchased the 18:20:34 strong property last summer and 18:20:37 the carey boulevard property 18:20:40 was moved into the 18:20:43 interstate URA last April. These two 18:20:48 slides show the DMWESB participation for our home repair 18:20:51 programs. And this might be a little hard to read, 18:20:54 so if anybody wants the slides or the information, you 18:20:57 can send me an e-mail and I will send 18:21:02 this to you, for you to be able to review. It 18:21:04 is also on our website. >> Pardon 18:21:08 me. You could explain DMWESB. 18:21:15 >> Disadvantaged minority women in 18:21:19 emerging small business. 18:21:22 This next slide is for 18:21:25 the same, our DMWESB for 18:21:29 rental construction. Again, it is tiny, so it may 18:21:32 be difficult to read. 18:21:36 And that's the end of our goals. 18:21:39 I'm happy to answer any questions if anybody has 18:21:42 any. >> Any 18:21:45 members, any oversight committee members that want 18:21:48 to weigh in on or comment 18:21:52 regarding what you just saw? 18:22:00 You can unmute and speak away. 18:22:13 I will say to the oversight committee how much I appreciate the 18:22:17 effort and the energy put into this, the majority of us have seen 18:22:20 and are aware of the 18:22:23 numbers that were shared. They're still worth 18:22:27 celebrating to me. It is a bill deal. It is great not 18:22:30 only to hit the goals but incredible to be able to 18:22:33 exceed them. We still have a lot of work to do, we understand 18:22:36 that, but celebrating what you have done is also a 18:22:39 worthy cause. And so I want to say thanks to 18:22:42 each of the oversight committee members who have 18:22:45 given their time and energy to be cure 18:22:48 rage bous around this work and 18:22:51 the challenge where challenge is necessary, 18:22:55 and celebrate where celebration is necessary. 18:22:58 Non-profit partners have adjustments they've had to 18:23:01 make, the Portland housing bureau's 18:23:05 responsiveness to instruction, redirection we've had to 18:23:08 give it hasn't always about the most easy process, but 18:23:11 to be where we are is 18:23:14 phenomenal. Especially when you think about 1254 18:23:17 people, their lives being impacted in 18:23:20 positive ways. So exciting 18:23:24 news to me and a great way to look at five 18:23:27 years. So thanks to everybody who has 18:23:30 been a part of the process. I appreciate 18:23:33 you. Any other 18:23:37 comment from the oversight committee. 18:23:41 All right, we'll keep moving. Next item on 18:23:45 the agenda, then, is Dana. >> 18:23:49 Hello, everyone. Again, 18:23:53 my name is Dana Shepard. I want 18:23:56 to make sure those slides are going to come up. >> 18:23:59 Yes, ma'am. >> Okay, I'll wait for that to come up 18:24:02 really quickly. As that is coming up, though, 18:24:05 I want to extend, really quickly that 18:24:08 appreciation for the north northeast oversight committee. I felt to 18:24:12 put it on the slide for you all but I wanted to 18:24:15 give you a quick update about the pilot program we 18:24:18 recently launched, and that came about through the 18:24:22 advocacy of the housing strategy, so very, very appreciative 18:24:25 of. That I want to let you know 18:24:28 that that particular program has 18:24:31 launched with the city council approved awards 18:24:34 in partnership with the law center for the amount 18:24:39 of $200,000 in 18:24:42 CDBG funding. As a quick reminder, this program aims 18:24:45 to provide legal services to about 45 households 18:24:48 by June 30 of 2021, and 18:24:51 prioritization is given to long-term homeowners of color 18:24:55 residing in the section of the north 18:24:58 northeast area and interstate. Last but not least, 18:25:01 I'm very pleased to announce the law 18:25:04 center with the help of our staff and the 18:25:08 contract manager with the housing bureau who participated in the 18:25:11 hiring process, they've hired 18:25:15 acua hackman as a fellow attorney to do this 18:25:18 work, and I wanted to give you a little bit of information 18:25:21 about her. She attended the 18:25:24 Willamette university college of law in Salem with estate 18:25:27 planning and public service. She says this interest more 18:25:30 specifically developed into using estate planning 18:25:34 to inter, intergenerational wealth for black 18:25:37 folks in Portland. I had received interest from 18:25:40 a mail their was sent to about 149 people 18:25:44 who have previously received 18:25:47 the PHB home repair loan or PHB funded granted 18:25:50 so very happy to present that information to you about the 18:25:53 asset preservation program. Thank you very much. Next 18:25:56 slide. 18:26:14 Just to give you an update, a total 18:26:17 of 60 families have received support to become 18:26:20 first-time home buyers. This 18:26:23 chart does include seven people who are anticipated to closed in the next 18:26:27 45days. And it does include all funding sources, not 18:26:30 just the north northeast 18:26:33 funding. 18:26:45 Next slide. >> Here we go. >> On this 18:26:48 slide, just giving you an idea of the PHB 18:26:52 new home construction investments. There's 82 total units 18:26:55 and that is Olin 18:27:02 , Kilpatrick, you can see the estimated 18:27:05 construction completion date on that chart. Then, there is 18:27:08 a column for the buyers that have reserved and that 18:27:11 means folks in households that have 18:27:14 committed to purchasing a new development. You will 18:27:18 get an update from Jill later on about the 18:27:21 construction, the timeline. 18:27:24 Moving on. So, with the 18:27:29 families, the team works closely with our partners who are 18:27:32 working and providing thing 18:27:35 counseling to the preference policy 18:27:39 applicants, and of our goal, original goal 18:27:42 of 65 homeowners, now 110 18:27:48 homeowners, 28 home purchases with 18:27:51 the North Northeast TIF 18:27:54 resources. You can see the demographic information right 18:27:58 there. 18:28:06 So, we also want to give you an idea of 18:28:09 all of the home buyers from the preference 18:28:12 policy. These are all identified through the home 18:28:16 ownership specific preference policy applications, either round one 18:28:19 or round two, and there are 47 18:28:23 total purchases. And that, again, includes 18:28:26 resources other than just North 18:28:29 Northeast TIF. Before we go on, I 18:28:32 did want to just break that up really quickly 18:28:35 and give credit to the organizations providing the higher 18:28:38 education and counseling in order for these folks to 18:28:42 actually become homeowners, and the 18:28:45 African-American alliance for home ownership 18:28:48 collaborative did present five new homeowners, and that 18:28:51 was before we went to the one list 18:28:56 management, and then 18:29:01 PCRI has nine homeowners and they continue to work with the same group 18:29:04 of folks they started working with before, committed 18:29:07 to those. And then the Portland 18:29:10 housing center, PHC, 18:29:14 has 33 much those 18:29:17 homeowners. They have the CET and prosper Portland 18:29:21 funds that on it work with homeowners from the housing bureau to 18:29:24 their organization. 18:29:27 Next slide. So, 18:29:31 hopefully, the oversight committee, you've gotten a chance to 18:29:34 read through the background information that 18:29:38 provided some context to the recommendation I'm coming with today, so 18:29:41 just as a reminder or for everyone else that needs 18:29:44 to see this, but we currently have a 18:29:47 goal of 110 new homeowners with 18:29:50 the North Northeast TIF resources by 18:29:54 January, 2022. All of these opportunity being are 18:29:58 available to those from the preference 18:30:01 policy, home ownership preference policy, 18:30:04 particularly, and we are proposing that that 18:30:07 goal stays the same as far as the numbers go and 18:30:10 the deadline at this time, however we are asking and 18:30:14 recommending, at this time that 18:30:17 it includes all homeowners 18:30:20 identified through the preference policy. The reason for 18:30:23 that, briefly is to limit the confusion in 18:30:26 our reporting. Also, we realize the strategy, the initial 18:30:29 part of the strategy, was to leverage and find new 18:30:32 funding for home ownership in these other areas, which 18:30:36 the North Northeast Oversight Committee has done, and so, 18:30:39 to align with that there has 18:30:42 been some success with creating 18:30:45 homeowners and we want to give credit to the oversight committee 18:30:48 and our partners for doing the work and these 18:30:51 homeowners who worked really, really hard and we don't wanted to 18:30:54 restrict that reporting and that progress reporting 18:30:57 based on just one particular funding source, and 18:31:00 we don't want it to be restricted geographically, 18:31:03 either. So I'm hoping, and also I just want to let 18:31:06 you know that all of our 18:31:10 recipient partners, homeowner 18:31:13 partners, are in agreement and support this and hope we can include that in 18:31:16 all of our reporting 18:31:19 . And, are there any 18:31:23 questions about any of that? >> Dana? >> 18:31:27 Yes. >> So, on 18:31:30 your slide it says current 18:31:33 housing strategy home 18:31:36 ownership goal is 110 new homeowners 18:31:40 with North Northeast TIF resources and proposed 18:31:43 is 110 new homeowners with North Northeast 18:31:46 TIF and other PHB resources, so we're not 18:31:50 changing the number, we're just saying we want to get 18:31:54 to 110 regardless of the resource? >> That is 18:31:57 correct. >> Okay, I just wanted to 18:32:00 make sure everybody understood that's what that is saying. >> Yes. These other 18:32:04 resources are exclusively for people 18:32:07 identified through the preference policy, so those are the 18:32:10 ones we like to include through the 18:32:14 advocacy of the North Northeast Oversight Committee we did 18:32:17 severe a million dollars in CET 18:32:20 funding, which has been completely expended, thank you very much, and 18:32:25 additionally 1.6 million prosper Portland funding for folks 18:32:28 between 08 and 120% AMI. >> 18:32:32 So, Dr. Holt, this does require an action 18:32:35 by the committee to accept 18:32:38 the recommendation. >> Thank you very 18:32:42 much, I appreciate that. The way we will do it is, 18:32:45 I'm just going to go through each committee member and let 18:32:48 them weigh in with 18:32:51 either a question and/or a comment, and then we 18:32:54 will go back around 18:32:58 for a decision. 18:33:02 Miss Virgi, do you have a question? 18:33:05 Can you unmute her? >> Yes, I'm going to that 18:33:08 right now. >> Thank you. 18:33:12 Okay. She is unmuted. >> I'm here. >> 18:33:16 Yeah, comment, question? 18:33:19 >> No. I'm very 18:33:22 happy to hear we have a goal that high to 18:33:25 be able to house more 18:33:28 people with a TIF and working with 18:33:31 the oversight committee and the housing 18:33:34 bureau. >> Excellent. Thank you very much. I 18:33:37 won't ask for your decision yet. We will come back. >> All 18:33:42 right. >> Jilian. 18:33:48 >> Yes, I have a quick question, if we 18:33:51 can go back to the slide that has 18:33:55 the breakout of median income. 18:33:59 And he was 18:34:02 wondering, the colors are difficult to see, I think 18:34:05 the 0 to 60AMI that slice of 18:34:08 the pie is the eight homeowners? Or is 18:34:12 that the 18:34:16 five? 18:34:19 >> It's the five. So 120 -- >> 18:34:22 No, the under 18:34:27 60% AM. >> I that looks like the eight. >> 18:34:30 I don't know if you know the answer off the top of your head 18:34:33 but it would be great to find out from the 18:34:36 participating agencies, I'm going to make the 18:34:40 assumption that those homeowners needed additional resources in order 18:34:43 to purchase a home in 18:34:46 excess of what the preference policy resources could 18:34:50 provide, and I would just be, I would like to try 18:34:53 and see if there is a way we can get more 18:34:56 homeowners that are 60% and below and what those 18:34:59 resources were, it would be great to share that with the participating 18:35:02 agencies and with the oversight committee when you 18:35:06 have a chance. >> Sure. >> Unless you know it 18:35:09 right off the top of your head. >> I don't know it right off 18:35:12 the top the my head, but Ira 18:35:15 bailey is on the line, I'm 18:35:18 almost positive you does not either, but we can throw out 18:35:21 things that are helpful, but these agencies work very hard 18:35:24 to leverage these funds, for sure. >> If there is anything 18:35:27 that we can do to promote those additional 18:35:31 resources and pair them up as the oversight committee, it would 18:35:34 be great to know 18:35:37 . I think that's we've been 18:35:40 really successful in reaching lower income levels with the 18:35:44 rental properties and I would like to see, this is 18:35:48 really great, 18:35:51 I would like to increase that share of the pie a little 18:35:54 bit if there is anything we can do to help. >> Thank you. >> 18:35:57 Thank you, Jilians, 18:36:00 I appreciate that. 18:36:03 Dr. b 18:36:08 Dr. baits. >> I guess my question about 18:36:12 this maybe takes this to a 18:36:15 slightly defensive and it 18:36:19 intelligent 18:36:29 different way. The footnote on the previous slide was 18:36:32 doing a lot of work. 18:36:37 This footnote that says except for some stuff that might happen, 18:36:40 so I'm just hoping 18:36:43 that we will get a chance to hear, 18:36:47 perhaps, tonight or very soon about kind whatever are those -- 18:36:50 what are the contingency plans, what are 18:36:54 the different kinds of -- do we know 18:36:58 that there are -- what do we know about the 18:37:01 challenges for the purchasers that have already -- the folks 18:37:04 who have already bought homes through this program, those who have 18:37:08 been in the home retention part of the program, and people who 18:37:11 might still be in this pipeline, 18:37:14 given that we are in the midst of what, you 18:37:17 know, could be a year, 18:37:21 two-year-long kind of economic, very slow re 18:37:24 cover reprocess, so that's just what is on my 18:37:27 mind, I appreciate the work and the thinking that's 18:37:32 govern into 18:37:35 gone into it, it is hard to feel like the things we've 18:37:38 been working on in the first part of 2020 are for 18:37:41 naught at this moment, but what's the 18:37:44 rethink. >> Right, just to briefly answer that, we happen to 18:37:47 have had a partnership meeting with our 18:37:50 home observer ship 18:37:53 observe owner ship partners today and 18:37:56 -- home ownership partners today and they've been 18:37:59 distributing surveys to see where people are. We will 18:38:03 contact the folks that received some 18:38:06 type of subsidy in the last three years to check 18:38:09 in and refer them to agencies for assistance. 18:38:12 I'm sure very soon we will have those numbers for you. The 18:38:15 partners are definitely working very hard to work with everyone in 18:38:19 making sure that everyone is 18:38:22 supported. >> Thank you very much. 18:38:25 Felicia. 18:38:30 >> Yes, sir. 18:38:34 I don't have much to add. I 18:38:37 mean, so I 18:38:41 just -- I don't want to take up much 18:38:45 time. Looking at the demographics in front of me, I 18:38:48 don't have much to add 18:38:51 . I kind of -- nice 18:38:56 get this information -- [indiscernible] 18:39:00 >> I'm having a hard time hearing. I don't know 18:39:03 if it is because everyone needs to mute but I 18:39:06 did not hear that. >> Yeah, we had 18:39:10 a couple of 18:39:14 glitches happen while Felicia was sharing, 18:39:17 so I don't know what caused it. We had 18:39:20 kind of a surge on her mic 18:39:23 there for a moment. >> Okay. 18:39:30 Thank you. I see your comment in the 18:39:34 chat, thank you, Felicia. Tristan. 18:39:38 >> Good evening, everyone. Thank you for 18:39:42 putting all this together. I don't have anything additional 18:39:45 at this time. >> Okay so let's go 18:39:48 back and we will go through, there 18:39:52 is a request for us to weigh in on, and there 18:39:55 are six of us on the line tonight so I would like to hear 18:39:58 from each of you. If you are in 18:40:01 support of adding the, capturing 18:40:05 the additional, I don't want to restate it, 18:40:08 I'll have you say it, Dana, what the 18:40:11 specific request is and then we will make a 18:40:15 determination. >> Okay, I will do that so 18:40:18 right now the Portland housing bureau, in 18:40:24 part and partners would like to recommend we include all 18:40:27 homeowners identified through the PHB home 18:40:31 ownership prefers noels our goal of 110 new 18:40:35 homeowners by January 2022 afternoon 18:40:38 it includes all the resources that are 18:40:41 exclusive to that particular group of people I just spoke about. >> All 18:40:44 right, we will go back through our list as 18:40:47 identified. 18:41:03 >> If you would 18:41:06 unmute Miss Virgi. >> I 18:41:09 would support this. >> 18:41:12 Jilian, what say you. >> I support this 18:41:16 proposal. >> Lisa. >> I support. >> 18:41:19 Felicia. I support, I see it in the chat. Thank 18:41:22 you. Tristan. >> I support the 18:41:26 proposal. >> Thank you very much. I'm 18:41:29 in agreement with the support of the proposal, 18:41:33 and I also appreciate the comments from 18:41:36 Jilian and especially 18:41:39 the comments that Dr. 18:41:44 Bates just made in these unprecedented time, drills 18:41:47 down on ways 18:41:50 we can't yet anticipate, so partnering with 18:41:53 our non-profit partners as well as the city to think 18:41:56 about creative ways to keep the process going that we have, 18:41:59 but then, also, I really think some of our mitigation 18:42:03 strategy is going to need to 18:42:06 be reconsider as we just have 18:42:09 no idea what this moment will 18:42:12 create for impact. So we will be circling 18:42:15 back, I am sure. Thanks, 18:42:19 Dana. Appreciate it. 18:42:49 >> Good evening. Again, for the public, 18:42:52 my name is Matthew Tschabold, I'm the 18:42:55 policy and planning manager with Portland Housing Bureau soar, 18:42:59 as an update where we are with 18:43:02 the preference policy, we're just completed our 18:43:05 latest round, which is the 18:43:08 three building round 18:43:12 of Songbird, King & Parks and Renaissance 18:43:15 commons. 18:43:26 Next slide. Before I talk about the numbers behind this round, 18:43:29 I want to take a minute to acknowledge both the 18:43:32 housing bureau staff and our partner 18:43:38 agencies. 18:43:44 PCRI and Bridge and 18:43:52 REACH, doing an extended application period for 18:43:55 nearly two months, but doing the 18:43:58 application round for three 18:44:02 buildings and several hundred units, so this is by far 18:44:05 the large best round that we've ever done, 18:44:10 and I think that we have been making improvements 18:44:13 with each round and learning from where we've had issues in 18:44:16 the past and we just had a really, 18:44:20 really great team across all of the 18:44:23 organizations. So I want to thank everyone who is 18:44:27 involved, all the people from all the organizations that made 18:44:30 this successful. So, as a reminder to folks, 18:44:33 you see the three buildings there with the 18:44:38 bedrooms and the AMIs, and we have the application 18:44:41 open from January 6 to 18:44:45 February 21. And, so, 18:44:48 the results 18:44:53 , next slide. So we 18:44:56 had over 1700 18:44:59 applicants for the three buildings. And 18:45:02 I would say we 18:45:06 received our fairly normal spread of 18:45:09 applicants across the 18:45:13 point cohort, so what you're looking at here is 18:45:16 applicants by number of points in the blue. Again, we 18:45:19 always see the even-numbered points, 18:45:22 more applicants than the odd-numbered 18:45:25 points. We tend to look at them in traunchs 18:45:28 of the five and six-point households to 18:45:31 three and four-point 18:45:34 households, one and two-point point 18:45:37 holds and 18:45:42 households. And zero-point 18:45:48 households 18:45:53 . 18:46:00 Again, we disaggregate the 18:46:05 applicants by race ethnicity to see who is applying and 18:46:08 by which point cohort. I would note of 18:46:11 the 1700 applicants, we had 18:46:14 about 9% or around 150 18:46:18 applicants, 150, 160 applicants, choose not 18:46:21 to identify. But, you know, through that, 18:46:24 in total, we had about just over 60% of 18:46:28 applicants that were identifying as 18:46:32 African-American, black orach can 18:46:38 or African immigrant, which 18:46:41 is on par for previous rounds. And we're 18:46:44 seeing higher numbers of African-American households in 18:46:48 the 6, 5 and 4-point category. Even 18:46:51 though this was lot more cam 18:46:56 applications, we're still seeing a demographic break down in 18:46:59 the number of applications 18:47:02 received. Next slide. 18:47:07 So, as you know, once we collect the 18:47:10 applications, we go through a process to 18:47:14 allow for people to verify those points so we can 18:47:17 confirm they are indeed eligible for preference, and 18:47:20 this is a break out that I don't know that we've shown 18:47:23 you in the past, but across nearly all 18:47:27 the point cohorts, 18:47:30 we saw about, I would say about 18:47:34 a 50%, 40 to 50% preference 18:47:38 verification rate, which is, I would say it's 18:47:42 slightly higher than previous 18:47:46 rounds. We had a little bit more time 18:47:51 for verification. Even though we know there are 18:47:54 challenges the applicants faced because the 18:47:57 verification window ended just after the state was going 18:48:00 into the covid-19 18:48:03 lock down, so we do know that in 18:48:06 were a number of applicants that couldn't get 18:48:10 their records from the Multnomah county libraries because 18:48:13 the libraries shut down, the tax assessor shut 18:48:16 down and the school district shut down and the energy 18:48:19 companies started to become overwhelmed with 18:48:22 people calling because they wanted utility 18:48:25 deferrals so folks that were just trying to get 18:48:28 old records were also having trouble. 18:48:36 Get the documents they need verify pref reference so 18:48:39 we extended the 18:48:42 verification window, we did online and phone 18:48:45 verifications and do everything we could to provide 18:48:48 some flexibility to folks while still getting the 18:48:52 documentation we needed in order to verify that 18:48:55 people would get 18:49:00 preference 18:49:03 . Some people shared with us they were not able to 18:49:06 get the documentation because the places were closed, and 18:49:09 this is nothing the housing bureau staff could do to get 18:49:12 the documents of offices that were closed. Now that 18:49:15 is real and I want to acknowledge that. 18:49:18 We also have seen, I think, with the increased 18:49:21 staffing the bureau put towards this round and the 18:49:25 partners put towards this round, we're seeing a slightly higher 18:49:28 percentage of applicant business point cohort that are verifying, 18:49:31 which is also some good 18:49:35 news. 18:49:43 So, with regard to eminent domain, 18:49:46 we did have a number of applicants come in 18:49:49 claiming eminent domain status, and 18:49:52 then we hads, I believe we 18:49:57 had, I believe, 367 in total 18:50:00 verified for eminent domain status. That is great. 18:50:03 Seems like the folks that are availing 18:50:06 themselves of our programs from the community are 18:50:09 increasingly pulling together the documentation that they need 18:50:12 to smoothly move through 18:50:15 our eminent domain verification process and our staff are 18:50:18 also getting better and learning more about the different 18:50:21 places to find the information we need. 18:50:24 So, again, very happy to we're continuing 18:50:28 to get eminent domain families that can move to the very 18:50:31 top of the list. 18:50:37 All right. So this graph is a look at the 18:50:41 applications verbified. And so you 18:50:45 can see that 18:50:49 of the eminent 18:50:52 domain, 6 and 5-point households, 18:50:56 roughly 65, 18:51:00 66%, sorry, so of all applicants, 18:51:03 roughly 65% of all verified 18:51:07 applicants were African-American households, which is a good 18:51:10 sign. In fact, they are over represented 18:51:13 when it comes to their proportion of individuals who 18:51:16 applied over all, so I think our two 18:51:21 help work with communities and work with our partners 18:51:24 to get the word out around not just 18:51:27 applying but how to verify your preference 18:51:30 is working well for our folks 18:51:33 that have historic roots in north and 18:51:36 northeast Portland. And so we're 18:51:39 pretty pleased that one, in general, 18:51:42 the verification rate crossed 18:51:47 all cross across 18:51:50 all communities is strong and represents the portion of the 18:51:53 applicants themselves, but with the 18:51:56 communities we nowhere disproportionately concentrated 18:51:59 in north and northeast Portland, those verification 18:52:04 rates are even higher, so I think we saw good results 18:52:07 from that this round, as well so, with that, I am 18:52:10 happy to answer any 18:52:14 questions. I 18:52:17 will close it out saying the end of April, 18:52:20 we sent the list to the three partner 18:52:24 organizations, which is great. The three partner organizations 18:52:27 are all coordinating, even though they have slightly different 18:52:30 timelines for when they get their certificate 18:52:33 6:00 pansy 18:52:40 occupancy, they anticipated the same time, they're 18:52:43 coordinating how they can reach out to applicants and be 18:52:46 as efficient and clear with communication as possible as 18:52:49 they start to move people into the buildings this 18:52:52 summer and fall. 18:52:59 >> Thank you, Matthew. I'm going 18:53:02 to defer my comments to any of the 18:53:05 oversight committee members. And let me 18:53:08 say thank you to Dr. Bethel, he had 18:53:11 a chance to weigh in. I noticed his support also for 18:53:15 the previous motioner he made so welcome, Dr. Bethel, 18:53:18 to tonight's meeting. Questions? 18:53:30 Questions or commentses from the oversight committee members for Matthew? 18:53:45 So, Matthew, you talked about kind of the 18:53:50 timing of this round and the closing of 18:53:53 the round and the difficulties with 18:53:57 families, obviously, beyond 18:54:00 any one of our ability 18:54:04 to anticipate. What, if anything, 18:54:08 can be done? I know time 18:54:12 had to move 18:54:15 forward and the deadline had to be closed, but for those 18:54:18 who could not verify, is there any thought or 18:54:22 any kind of 18:54:25 strategy for any assistance? 18:54:33 >> Right now, we did have to move the 18:54:36 list over because the partners needed to start leasing in 18:54:39 order for them to meet their obligations, but 18:54:42 we do give applicant being the ability to 18:54:45 update their preference points, or 18:54:49 to verify preach reasons points they were unable to verify when 18:54:52 they first 18:54:55 applied. 18:55:00 We take new applications as well as give 18:55:03 equal on the current list, the 18:55:06 ability to either update or verify preference 18:55:10 points. I think it might be worth considering. We haven't 18:55:13 made any sort of decision and we also, we need to 18:55:16 look at what resources we have, but it 18:55:19 may be worth considering, allowing 18:55:25 the current applicants to verify if they had 18:55:29 contacted us and said that they were not able 18:55:32 to get the documentation because of the closure of 18:55:37 all of 18:55:41 both government agencies and utility agencies once 18:55:45 things returned to normal. I think that would be 18:55:48 worth looking at. We have records in everyone who contacted 18:55:51 us and said, hey, I 18:55:56 need to go to 18:55:59 PPS but it's closed so it might be worth 18:56:02 giving those folks the opportunity to reset in the lest 18:56:05 once everything opens back up. >> I 18:56:09 appreciate that. I would strongly 18:56:12 encourage that 18:56:15 . >> Thank you, sir. >> Any comments 18:56:18 from oversight committee members? You can just 18:56:21 weigh in. 18:56:29 All right. Thanks, Matthew, appreciate it. >> Thank you 18:56:32 all. >> Thanks to the work and the partners. As 18:56:36 you mentioned, it being three buildings at once 18:56:39 and looking at the numbers, so appreciate 18:56:42 you working through what needs to be worked through to do 18:56:45 the work that we're asking you to dos, or the 18:56:48 work that we have way all 18:56:59 we have committed to do. PHB 18:57:02 development project updates. Jill chen. 18:57:12 >> Thank you, Dr. Holt. This 18:57:15 is Jill Chen, the HIPP 18:57:19 manager. I will go through some of the developments. Thank you, 18:57:22 Leslie. The first slide is a summary of all 18:57:25 the developments 18:57:28 and how much funding PHB provided, as well as sort 18:57:32 of the affordability mix and the 18:57:35 bedroom sizes. 18:57:38 You already heard from 18:57:41 Matthew as well as Dana about where we were targeting 18:57:44 the units and what kind of sizes we were 18:57:48 looking for. And there is now, we're 18:57:51 currently in the process 18:57:54 of still constructing 18:57:57 overseeing four rental sites, producing a total of 18:58:01 almost 370 units, and I'm very pleased 18:58:04 because that means it's housing for almost 940 18:58:08 people. It is a huge number of 18:58:11 folks, and very nice to see those 18:58:14 progressing. And, on the home ownership 18:58:18 projects, we have three projects 18:58:21 producing 82 affordable units, 18:58:24 targeting a total of 18:58:27 about 340 people. Instead of looking at sort of the slide which 18:58:30 is full of 18:58:33 numbers, I ask the team to provide 18:58:36 pictures, since we're all sheltering in place, 18:58:40 so pictures I think are just 18:58:43 so much more. But to look at. 18:58:47 The first one is Magnolia II. I'm pleased to say 18:58:50 it is 100% leased up. This is 18:58:53 a building that is sponsored by 18:58:56 innovative housing, Inc., and it is 18:59:00 housing about 140 people. Unfortunately, 18:59:03 we heard that one person passed, but they're not able 18:59:06 to right now 18:59:10 release, rerent the 18:59:14 place and it is a place where 18:59:17 it is completed with maker space and 18:59:20 nine parking spots. So I think it is 18:59:24 beautiful. Next one is Songbird. This is a 18:59:28 project that is 18:59:31 sponsored by, excuse 18:59:35 me, Bridge 18:59:39 CDC with Colas 18:59:42 construction and Anchor Morrison. It is 18:59:45 almost complete. It has balconies, 18:59:49 community space. The targeted 18:59:52 completion date is June 20, and I 18:59:55 do not believe they have 18:59:58 started the leasing 19:00:01 yet. There are 20 spots that are 19:00:06 at 60% area median 19:00:10 income, and 40 for 30% area 19:00:13 median income with 19:00:16 project-based section 8 support and 10 19:00:19 for permanent supported housing. Next 19:00:23 slide, please. 19:00:27 This is the Renaissance 19:00:30 apartments, and it is a building that is 19:00:35 sponsored by 19:00:39 REACH CDC and 19:00:42 it is 189 19:00:46 units. I think targeting 19:00:50 about 390 people. The 19:00:53 targeted completion date 19:00:56 will be July 9, very close to where 19:00:59 we originally started or 19:01:03 hope to start 19:01:08 . Most of the units are smaller units, 19:01:12 studios and one bedrooms, but there are a number 19:01:15 of two bedrooms and three 19:01:18 bedrooms. 47 two bedrooms and 18 three 19:01:22 bedrooms. 179 units are 19:01:25 60% area median income. 10 units 19:01:28 are 30% area median income and four for 19:01:32 permanent supportive housing. And this 19:01:35 one is very close to the trimet so 19:01:38 there is no parking. Next slide, please. 19:01:48 The next one is king and parks and this is 19:01:52 targeted for an end August, August 31 19:01:55 completion date, and this is 19:01:59 sponsored by PCRI and the 19:02:03 contractor is 19:02:06 Colas, the architect is 19:02:11 Merryman Barnes. 65 units 19:02:15 at 60% area median incomes, four 19:02:19 at 30% AMI and one manager 19:02:23 unit, and 20 for permanent supportive 19:02:27 housing. And it is mostly family. It is 19:02:32 apartments but also townhouses, you can see 19:02:35 townhouses in the back and there is a beautiful courtyard in the 19:02:38 middle so we're very pleased. These are all 19:02:41 the four rental 19:02:45 units, and I think, unless anyone has questions, 19:02:48 I'll just go straight to the home ownership 19:02:51 ones. >> Go 19:02:54 ahead, Jill, we will capture our questions 19:02:59 all at once, so thank you. >> 19:03:03 The next three 19:03:07 buildings are the home ownership sites. This 19:03:10 is is Olin, it's 19:03:14 condominiums being built by 19:03:17 habitat for humanities. 12 units in two 19:03:20 buildings? All of them are three bedrooms 19:03:24 , and this is targeted for an August 19:03:29 completion and we are, I think, an 19:03:32 earlier slide, Dana mentioned that nine of 19:03:36 these 12 units are reserved already or 19:03:39 have identified preference 19:03:42 policy 19:03:45 buyers, and the, I think the thing that I'm most 19:03:49 pleased about this building is that six of those 19:03:52 units are for buyers at 35 19:03:56 to 60% area median income, 19:04:00 or are four 61 to 80 and the 19:04:03 balance is 19:04:06 for 81 to 100 president 19:04:13 100% AMI. Next one, this is 19:04:21 ed Kilpatrick phase one, this is also a project for habitat 19:04:24 for humanity and this is targeted for 19:04:27 completion in also 19:04:31 August 19:04:42 . It is half and half two bedrooms and three 19:04:46 bedrooms for folks in the 65 positive 19:04:49 area median income. For this 19:04:52 particular one, there are six families who have 19:04:55 reserved units in this building and I understand there is another 19:04:58 two that are in process and 19:05:02 working through the paperwork 19:05:06 . 19:05:09 I don't have any pictures for the last 19:05:14 project, the 5020 Condos project. That one 19:05:17 is on pause. It was for 19:05:20 condos with mixed income, 19:05:23 mixed use and with 19:05:27 Colton Hart at architect. We are currently 19:05:31 working with the 19:05:35 developer and the construction lender 19:05:38 to determine the next steps and 19:05:42 what might make sense for 19:05:47 the construction. 19:05:50 So, any 19:05:54 questions? That's my presentation. >> Thank 19:05:57 you. Thanks, Jill. Questions, 19:06:00 oversight committee? 19:06:14 Is Miss Virgi 19:06:18 unmuted? I don't know. 19:06:26 >> Thank you, Felicia. I'm glad you 19:06:29 appreciate the photos. I think for someone 19:06:32 like myself not being able to see the projects 19:06:35 is really hard. I much 19:06:38 prefer seeing what it looks like now. 19:06:44 >> Miss Virgi is up 19:06:47 e unmuted now. >> I'm really 19:06:51 pleased with the percentages, the units and the fact 19:06:54 that they have some completion 19:06:59 dates that really sound really favorable 19:07:02 and the only I think that probably is tentatively 19:07:06 on hold is 19:07:10 the proud ground 5020 Condo project, but over 19:07:13 all, it looks favorable. >> Thank you very much. All the projects 19:07:16 are moving forwards, and you know, 19:07:19 despite the covid environment, the 19:07:22 team, our team, as well as the contractors, are 19:07:25 working really closely to make sure 19:07:29 that the environment hasn't impacted the 19:07:33 construction, and the developers and the contractors 19:07:36 have just been really, I think, fantastic 19:07:40 in working together, despite the difficult 19:07:43 environment so thank you so much. >> Thank 19:07:46 you. Any other comment from the 19:07:49 oversight? 19:07:58 >> I have a question on 5020. Is part of the delay 19:08:01 because of the difficulties getting kind of, I know you 19:08:04 can't technically call it a presale, but it is presale 19:08:07 on the units approved through 19:08:10 individual lenders, or just kind of a general 19:08:13 anxiety about what is going to happen to condo 19:08:19 values? >> It is a bit of a combination, 19:08:22 and my understanding in speaking with the 19:08:25 construction lender is that there 19:08:28 is some concern about the fact that the 19:08:33 condo values may or may not 19:08:36 stay that value. The 19:08:39 other concern is in a period of 19:08:43 recession, the mortgage lenders have tightened credit, 19:08:46 actually, which makes the 19:08:50 takeout for our preference policy buyers and 19:08:53 even the market rate 19:08:56 buyer, a little bit harder to sort of 19:08:59 gauge, and that's why, as 19:09:03 a commercial lender, the commercial 19:09:06 lender, the construction lender, 19:09:09 providing 11 million in construction loans, and it is a 19:09:13 little hard to see 19:09:16 where they're going so they wanted to pause 19:09:19 for right now. >> Honestly, I can't say 19:09:22 that doesn't make sense it is a little disappointing because the 19:09:26 project has been delayed a few times 19:09:29 and this, obviously, 19:09:32 unpress dented situation, but that makes a lot of 19:09:35 sense considering how complex that deal is, just to 19:09:38 run the rest of the oversight committee, 19:09:42 it has state lift funds which need ownership, 19:09:45 PHB funds and PHB land and all of 19:09:49 those. 19:09:54 And finance from the bank. They all have to talk to each other and that 19:09:57 has been a real herculean effort to get down 19:10:00 so I appreciate that and I'm sorry it is 19:10:04 paused, but keep us posted as it 19:10:07 moves forward. On King & Parks, did you say 19:10:10 that was opening August 1. >> 19:10:13 August 31. Our temporary completion date, 19:10:17 August 31. >> And, is that -- I wanted to say that 19:10:20 was supposed to be completed 19:10:24 in this month. Am I misremembering. Do we 19:10:27 have a project delay there? >> There was 19:10:30 project delay there was a couple of project 19:10:33 delays in King & Parks and some of this was due to 19:10:36 some design changes over the course 19:10:40 of the construction. So, that 19:10:43 created the delays, but also some of the 19:10:46 cost implications with change 19:10:51 orders. And Colas, 19:10:56 PCRI and their development 19:10:59 consultant, HDC, are working through that right 19:11:03 now. In our last meeting, 19:11:06 Andrew had committed and 19:11:09 said this is fix some, date 19:11:12 certain, which was music to my 19:11:15 ears. >> That's good to hear. He seems 19:11:19 like a really good partner. I'm 19:11:22 wondering if there are any, maybe we don't have this right now, but just 19:11:25 considering the project delays, if there are any 19:11:29 lessons learned we could share with developers as this 19:11:32 project has moved through, and we're always, we're 19:11:35 always in learning mode and the more that we 19:11:39 can all share, learned experiences, the better. 19:11:42 That would be great to know this is what really worked well, 19:11:45 this got the project moving, this hung it up, 19:11:48 and without obviously I don't want to point 19:11:51 fingers, blame blame or whatever, but it is always 19:11:54 good share that information. >> 19:12:00 Thanks, Jilian. >> Any other 19:12:04 voices? Dr. Bates, any comment? 19:12:18 Dr. Beth he will, 19:12:22 el, glad you are with us tonight. Appreciate your 19:12:26 presence, sir. Any comment? >> I'm good, 19:12:29 Dr. Holt. My main concern is as we get these completions we will be 19:12:32 able to lease them up as quickly as possible, 19:12:35 since we've had those delays. 19:12:38 I'm concerned about the proud ground, they 19:12:41 were stopped at the moment they were 19:12:45 about to go to ground and now facing 19:12:48 obstacles. Hopefully, we can overcome those and get those 19:12:52 properties online as soon as possible. Thank you. >> Thank 19:12:55 you. Appreciate that. 19:12:58 Any comments, Tristan, at all? 19:13:03 >> Tristan here. 19:13:06 It's good to see things are moving along, 19:13:09 even in the midst of 19:13:14 the current pandemic 19:13:18 . I think you touched on it about the affects 19:13:21 beyond just the building 19:13:25 of brick-and-mortar 19:13:33 , an asides, but this is an interesting 19:13:36 thought of what covid or how covid had an 19:13:39 impact on property value to purchase 19:13:43 power to, you know, how that trickles 19:13:46 down to those that fall within a preference policy and 19:13:49 how that then connected to them 19:13:52 getting into homes. I think it is kind of 19:13:55 an interesting thought to look into 19:13:59 and try understand, if property values are 19:14:02 going down, how does that 19:14:05 affect the allocation of 19:14:08 those that are in one bracket of 19:14:12 AMI, and then putting those individuals into 19:14:16 homes. You know, that obviously would be something that is 19:14:19 probably not going 19:14:22 to be flushed out and known for some time, but as we 19:14:25 begin to open more doors and try to get more people into 19:14:29 homes, I think that is just a really interesting, you 19:14:32 know, scenario, you know, fact to look into. 19:14:36 >> Thank you, I appreciate 19:14:39 that. Jill? 19:14:43 >> Thank you, Triston, I think that 19:14:46 is a great comment because we know 19:14:49 that, you know, we have the rental units, as well 19:14:53 as the homeowner ship units, and 19:14:57 the preliminary, you can call it feedback, I was 19:15:00 hearing from the rental units, 19:15:03 are that the covid situation has 19:15:06 impacted some of the most 19:15:10 vulnerable in our, among our 19:15:13 tenants and residents. I actually 19:15:16 reached out to IHI today to make 19:15:20 sure, hey, what is Magnolia II looking 19:15:23 like. You know, the residents there have 19:15:26 been impacted and 19:15:30 IHI has also been impacted. They 19:15:34 reported that in April, 71% 19:15:37 of their renters 19:15:40 paid but in May it went down to 19:15:43 61%. So these are, you know, we need to work 19:15:47 harder in some ways to make sure that our 19:15:53 residents are stable. So, at least 19:15:58 at this time, the building 19:16:01 has not been impacted and they're not impacted. 19:16:04 >> Thank you, Jill. I think I would 19:16:07 echo what Dr. Bates said earlier in 19:16:11 terms of unprecedented times and what 19:16:14 does this mean with the needs that are only going to increase 19:16:17 and what is going to be 19:16:21 required, so not to belabor the point, and as 19:16:24 Dr. Bethel just mentioned, hoping to lease up 19:16:27 as many as quickly and what does that look like now that 19:16:30 we're dealing with 19:16:33 impact around economy and being able to 19:16:36 improve income and et cetera. So many 19:16:40 things changed. People that had jobs and don't have 19:16:43 jobs now, not at their observe fault so I'm curious 19:16:46 to wonder how we're 19:16:51 strategizing for that 19:16:57 . We have the non-private partners that were 19:17:00 out in this 19:17:03 space, they built anticipation of leasing the buildings and people who want to lease 19:17:06 the buildings now impacted with their own 19:17:10 livelihoods. I don't know there is an anticipate for it, but it is something 19:17:13 we're very conscious of and it would be good to put our 19:17:17 heads together to think 19:17:21 about. >> Dr. Holt there is a 19:17:24 comment from Felicia. >> Thank you. Felicia. 19:17:30 Do you think the 5020 project is 19:17:33 still feasible during this new normal? I think 19:17:36 that's for you, Jill. >> I don't know and I think 19:17:39 that's one of the things we are hooking to 19:17:43 work with the construction 19:17:48 lender, to get a better understand of what does it 19:17:52 look like in the new norm or what is the new 19:17:55 normal, because it 19:17:59 is hard to know what will happen, 19:18:02 especially when you have low income home 19:18:06 buyers, or is there, are they going to feel 19:18:09 comfortable making a big commitment to stay in 19:18:12 a place, especially 19:18:16 if their current employment is unpredictable so it is 19:18:19 really, it is really great question, Felicia, 19:18:22 but I think all of us are sort of 19:18:25 waiting. >> Thank you. I appreciate it. Thanks for your 19:18:28 report, Jill. We're going to be, obviously, 19:18:32 very interested in all of 19:18:35 the development fors, I would 19:18:40 say for community partners and impact on them, and for 19:18:44 community members when people have gone through this arduous process and this 19:18:48 massive list around the preference policy ands, 19:18:51 you know, still need to be 19:18:54 housed, so it will be worthwhile thinking about 19:18:59 what we can do in 19:19:02 regard to that. Not to put -- I guess I'm about to do 19:19:05 it, not to try to put you on the spot, but I would like to 19:19:09 hear, director Callahan, any thoughts 19:19:12 in regard to kind of 19:19:15 this conversation 19:19:20 . You're muted. 19:19:25 >> I just had a conversation with myself. 19:19:29 Sorry, I'm always forgetting to unmute. Thank you, 19:19:32 Dr. Holt, it is nice to see everyone . One of the things 19:19:36 that we're looking at 19:19:39 closely to earn a little bit of your question and a little bit of your 19:19:42 earlier questions, it's really the impacts that 19:19:45 we think covid as having on our 19:19:48 community, our development center operators, 19:19:51 both right now during the 19:19:54 crisis, kind of post crisis and then after 19:19:57 stabilization. So, we have 19:20:01 put together four small working groups, 19:20:05 comprised of community members and 19:20:09 experts to help provide us some guidance and advice 19:20:12 for factors that we're going to be looking 19:20:15 for, boat for both for 19:20:18 how to adapt our programs and policies and hope 19:20:21 level for, in the 19:20:25 future in the future, after we stabilize from this crisis, 19:20:29 for emerging opportunities so we are starting 19:20:33 out rental group, focused 19:20:36 particularly on issues renters are facing, and 19:20:39 land 19:20:42 lords, a work grouch that Dana Shepard and 19:20:45 her team are leading with the home 19:20:48 ownership and homeowner 19:20:52 stablesation, particularly the families we just worked to make as 19:20:55 a community into homeowners. Then a group 19:20:58 focused on the operations of affordable housing, 19:21:02 making sure that we're understanding what the issues are facing the 19:21:05 providers that are providing affordable housing in 19:21:08 our community and then a group on development so we can understand what 19:21:11 is coming at us 19:21:16 now 19:21:25 . We look forward to actually bringing you in the 19:21:28 next coming months some of our best thinking on all of 19:21:31 these different areas. We plan to use the work 19:21:35 groups just to source good information, 19:21:39 really, frankly and then bring them back to all of our 19:21:42 stand advisory committees so you 19:21:46 have and understanding what we need to do 19:21:50 now. 19:21:53 As Triston mentioned, we're puzzling there is 19:21:57 an increase in property values, even though everyone will go through a 19:22:00 lot of pain with job loss and other things happening with 19:22:03 covid, obviously, we also think there may be 19:22:06 some emerging opportunities on the other side of this and we want to 19:22:09 be prepared in a way that we don't feel we 19:22:12 were after the 2008 19:22:15 economic recession to potentially catchize 19:22:18 on some of those opportunity -- capitalize 19:22:22 on some of those opportunities. I don't know if you had a 19:22:25 more specific question you wanted me to anticipate but just to give your 19:22:28 team at the over side committee a little more 19:22:31 information that frankly your thinking is very much aligned with 19:22:34 what we're thinking, and we will be 19:22:38 bringing you back 19:22:42 the best concepts we can pull together from our community 19:22:45 and experts in the next few months. >> I 19:22:48 appreciate that. Thank you, Shannon. That will suffice. 19:22:51 Obviously, there is no way of being able to specifically 19:22:54 articulate what to do. I appreciate the fact that you're 19:22:57 going to spend the time investigate, putting together 19:23:01 some good thinkers to do that. I thinks 19:23:04 complement to that is also the interest of hearing 19:23:07 from the non-profit partners and how they're 19:23:10 thinking through and what the impacts are for them. I 19:23:13 started by saying that 19:23:16 tonight really is giving the Portland Housing 19:23:19 Bureau the opportunity report out, since we have not been together for 19:23:22 so long. It is the Portland Housing Bureau 19:23:26 reporting out tonight and the next meeting we will hear from 19:23:29 the non-profit partners. You don't need 19:23:32 to wait to share information. You can 19:23:35 certainly help us be abreast and know what is 19:23:38 going on. I would rather know sooner rather than later 19:23:41 for us to think together and lay 19:23:44 our heads together in this space 19:23:47 of creative navigation. This is 19:23:50 an unprecedented time. I'm not going to call it 19:23:53 a new normal. I think it is our current normal 19:23:56 and we will emerge with what will become 19:23:59 a new normal. I do not see this as going 19:24:02 to be the way we live 19:24:06 and function and operate. We're in a very 19:24:09 unique moment and it requires from us a greater 19:24:12 strength, and one of the greatest things that happens 19:24:15 in humanity is often times in time of crisis, 19:24:18 we dig down deep and find our 19:24:23 commonalities and those ancillary peripheral 19:24:26 things that cause the us to separate don't 19:24:29 matter as much. We figure out how to be 19:24:32 human in these spaces. 19:24:36 Dr. Callahan, I appreciate it. >> Can I make a 19:24:39 quick comment? Both 19:24:43 Dr. Bst bates and I 19:24:46 have suggested there be a fund said aside for 19:24:49 acquisition as it becomes available, and you were talking 19:24:52 about opportunities that come with 19:24:55 a recession with 19:24:59 challenges, one opportunity is to 19:25:02 acquire land for land bank and I would like to reiterate that right 19:25:05 now, if there are funds that are not being spent because 19:25:08 projects are delayed or that can be re 19:25:12 allocated in order to land bank for future 19:25:16 development, really time is of the essence 19:25:19 on that. This is a really unusual recession in that 19:25:22 there's, you know, it is not 19:25:25 an economic-base red session, not a housing 19:25:28 bubble burst recession, it is based on a pandemic so the other side 19:25:32 of that is going look really different 19:25:35 than 2008, but I do think you are correct, there is opportunities 19:25:38 for Portland Housing Bureau, and the one I would like the Portland Housing 19:25:42 Bureau to focus on, other than obviously helping 19:25:45 with rent assistance and, of course, keeping 19:25:48 folks in their homes would be to be planning for future 19:25:51 development by a quiring sites. So I just want to throw 19:25:54 that out there. We've said it before and it seems like 19:25:58 an opportune moment to chime 19:26:01 in with that. 19:26:05 Diane is on the line, my question for 5020, 19:26:08 let's say that development of 19:26:12 that, due just to the uncertainty in the 19:26:15 condo pricing market, has to be delayed a year so 19:26:18 proud ground knows that proud ground can sell 19:26:21 those and make their, you know, at 19:26:25 least break even. If that took a year, what is does 19:26:28 that look like in terms of project cost, 19:26:32 is that a possibility? A 19:26:36 lot of these, the funding sources, have certain 19:26:39 team frames that you're supposed 19:26:42 to expend the funds 19:26:45 during 19:26:52 . Since lift is a bond, could a 12 19:26:55 to 18-month delay mean the project isn't 19:27:00 feasible, and what can we do, how can we help you 19:27:03 brainstorm to help bring that to fruition. >> Thank 19:27:06 you, Jilian. I'm not a 19:27:09 committee member, I will be brief because we 19:27:12 are in connection with PHB and our construction 19:27:15 lender because we are literally on the brink of 19:27:18 closing, literally. We had a 19:27:22 unanimous open enthusiastic support from the city council 19:27:26 on the day they were celebrated for the great progress and the 19:27:30 extraordinary work you've talked about tonight. A timing of the restart 19:27:33 of the project has to do with the 19:27:36 creativity we can bring about the market rate units maybe 19:27:40 migrating to rental for a 19:27:43 perm loan scenario, which is 19:27:46 absolutely doable in the condo structure. We think the two 19:27:49 things needed most in the recovery of this whole, the 19:27:53 community, especially communities particularly 19:27:56 impacted by covid-19, are jobs, and 19:28:00 this, once we break ground on this project, it is 45 19:28:03 to 50 jobs immediately commence 19:28:07 and also the affordability of the units. 19:28:10 And thanks to PHB's commitment of a million 19:28:14 dollars from the mezz 19:28:17 loan that her tan really 19:28:20 need -- that her Tavarus Jackson really needed, we can buy down 19:28:23 the three bedroom units to a 19:28:27 habitat level commitment so we could have S 19:28:30 to 18% habitat commitments below the 19:28:33 median income, where the preference families are 19:28:37 coming in. So I think it is a matter, where I'm 19:28:41 coming from, Shannon knows this, the sooner the better 19:28:45 to kick back into gear. If we can, we've got to be 19:28:48 thoughtful about this, to make sure we're 19:28:52 contributing to the preference policy family, the goals of the 19:28:55 whole North Northeast housing strategy. We will work that 19:28:59 through. We have enough support really to pause for a 19:29:02 longer period of time, but there are implications to that and we need 19:29:05 to figure out what makes the most sense. >> Thank you, 19:29:08 Diane. Thanks. Weapon 19:29:12 appreciate it. 19:29:17 So many moving pieces and so many 19:29:21 challenges in fronted of us, it will require us to be 19:29:24 very thoughtful 19:29:27 and intension an communicate. I know that you are and everyone is, 19:29:30 but it is worth communicating 19:29:34 saying. Jilian, you have 19:29:37 an update for 19:29:41 us on the 19:29:47 Williams and Russell project. >> Yes, I'll ask you to fill 19:29:50 us in if I'm missing 19:29:53 anything, but our request for interest 19:29:57 has gone out and we are encouraging 19:30:00 all partners to take a look at that, even 19:30:03 if that partner might need, you know, a 19:30:06 co-sponsor for it to actually respond to a request for 19:30:10 proposals to develop the site, if there are some 19:30:14 ideas, the top priorities really haven't 19:30:17 shifted significantly, but we are looking 19:30:20 for responses in the RFI 19:30:23 that might present different ways those priorities can be 19:30:27 achieved. One would be housing, both, you know, 19:30:30 rental possibility, a home ownership possibility, 19:30:33 something in between those 19:30:36 two, commercial space, community space has been a priority 19:30:40 and education has been a priority so those 19:30:43 are the roughly, those are 19:30:46 the big picture items in the 19:30:50 RFP. If anyone is not 19:30:54 familiar Williams and Russell, 1.7-acres as 19:30:57 this name would let you know on Williams and 19:31:00 Russell, that was previously taken by eminent 19:31:03 domain for emanuel hospital, 19:31:06 now Legacy, now in 19:31:10 conjunction Prosper Portland being offered for 19:31:13 an RFP for development 19:31:17 and community beenments agreement. That's where we 19:31:20 are at with that part right now. We had some community 19:31:24 engagement stuff plans but, obviously, that is on hold 19:31:27 at the moment and we hope to reengage on that 19:31:30 soon. If there is anything else that came up 19:31:33 yesterday, Dr. Holt, I would hope that you can fill us in 19:31:36 because I have not had a chance to read the minutes. >> Thank 19:31:39 you. You captured the majority of it, there is 19:31:42 work towards the initial phase whatever they're calling 19:31:45 guiding principles, and the 19:31:48 guiding principles will leave to a community benefits agreement, 19:31:51 and the community benefits agreement will 19:31:56 be negotiated once it is secured and identifying the 19:31:59 guiding principles that will then form those 19:32:02 community benefits so a lot of work and 19:32:05 lot of movement. The other piece, I would 19:32:08 add, whichment is just a Williams and Russell update, 19:32:11 and Jillian 19:32:20 s, you would not know this, the community development 19:32:24 initiatives oversight committee will be aligning more with the 19:32:27 project working group and the Williams and Russell to 19:32:30 try to leverage the investment 19:32:33 and the opportunity to support the 19:32:37 work. So, a lot of movement, yes, very interesting. 19:32:40 A lot of 19:32:43 movement and on 19:32:46 Prosper's side, and opportunities for real partnership. 19:32:49 So I would encourage 19:32:52 any knob-profit 19:32:57 non-profit partners, if you've not taken a look 19:33:00 at the RFI do, it is 19:33:05 worth your energy. 19:33:08 Leslie, any comment there? >> I was going to add there are a couple 19:33:11 of subcommittees busy working. I participate 19:33:14 on the ownership model, had a really great meeting 19:33:17 today about what the ownership strucking tour 19:33:20 model for the property and -- structure model for the property 19:33:23 and if it it is going to be a non-profit and 19:33:26 how that is going to go forward so that can be 19:33:30 included in the RFP, and then 19:33:33 the RFP subcommittee just had their 19:33:36 first meeting earlier this week and will be proceeding, 19:33:40 hopefully, to have an 19:33:44 RFP out by late June or July, and I just want 19:33:47 to echo what Dr. Holt has 19:33:50 said, if there are business people, 19:33:53 providers, any community folks that have small 19:33:59 businesses or construction, 19:34:02 any kind of business that you might want to look at 19:34:05 an opportunity either to provide services 19:34:09 in this building or through this project 19:34:12 or to participate in the developments 19:34:15 of the project, lease space for the 19:34:18 project, that us look at the 19:34:22 RFI an 19:34:25 throw your hat in the ring 19:34:29 . The goal of the RFI is to cast a 19:34:32 wide net to find people that are interested 19:34:37 in participating could that when we get 19:34:40 to an RFP we can let the major 19:34:44 developers know there are community people, community businesses, 19:34:47 community organizations that are looking 19:34:50 to partner 19:34:56 to put together the best possible 19:34:59 project. It isn't 19:35:02 a great opportunity for people to 19:35:05 participate in what is going to happen on this piece of 19:35:09 property. >> Thank you very much. >> I would just add 19:35:12 to what Leslie said that this is also an 19:35:16 opportunity build capacity within smaller organizations that may not have 19:35:19 had the experience of developing 19:35:22 an entire property before but are interested in becoming property 19:35:25 developers to partner with an experience bed 19:35:28 developer. And like Leslie said, really want 19:35:32 to cast a wide net and encourage 19:35:35 smaller organizations, 19:35:38 organizations that are 19:35:44 black owned, by people of color, engage news 19:35:48 folks, to expand capacity with larger organizations 19:35:51 potentially or to offer services with them so just want to 19:35:54 make sure that I reiterate and 19:35:58 encourage, everyone to share this with their networks as much 19:36:02 as possible. >> Thank you very much. I 19:36:06 appreciate that. We're going to wrap up our meeting tonight 19:36:09 arm I. I 19:36:12 want to give a moment, 19:36:15 Leslie if you would unmute Miss 19:36:23 Virgi. The oversight members 19:36:26 if you have any comments or thoughts you 19:36:30 want to end. 19:36:39 Excellent. There is no public comment tonight in this particular 19:36:42 format and forum, so I appreciate everyone who has 19:36:46 participated in tonight it looks like we've got a great group 19:36:49 of people who have either called 19:36:52 in or who tapped in to watch the meeting of 19:36:55 the over sight committee. This for giving us some 19:36:58 of your time tonight. One of the things I always want 19:37:01 to do is honor people's time and energy and 19:37:05 effort. We really appreciate this. If you have 19:37:08 a concern, if you have thought, if you have 19:37:11 a suggestion there's something you want to 19:37:14 cannot to the discussion, there is a way to do that and that 19:37:17 is you can e-mail the Portland housing pure 19:37:20 row. 19:37:23 Portland 19:37:26 more 19:37:32 Portland Housing Bureau. Excellent. Thank you very 19:37:36 much, everyone. Thank you for your time. >> Dr. Holt, 19:37:39 before you close, I didn't know if you wanted to 19:37:42 talk about the interview 19:37:47 process for 19:37:51 our Levi cand seats to 19:37:56 three three vacant seats to the rest of the committee. >> We have 19:37:59 the e-mail, but sure. We've been 19:38:02 interviewing for a vacant seats to bring us to a full committee and 19:38:06 we've got some candidates that we will be 19:38:09 putting forward to the mayor for 19:38:12 consideration and approval. We will also be communicating to each 19:38:15 of you oversight committee members, so you will 19:38:18 have information on who we are putting forward related 19:38:22 to joining and participating on 19:38:25 the oversight committee. One has already been 19:38:28 supported and approved, and that is John Washington. 19:38:31 He's on the line tonight. As soon as we can get the 19:38:35 mayor to approve, he will become an 19:38:38 official member of the oversight committee. And we have 19:38:41 two others. I 19:38:44 think that's the 19:38:48 extent. Thanks fence, everyone. Appreciate 19:38:51 your time and your involvement. To 19:38:54 the non-profit partners, again, let 19:38:57 me emphasis, this 19:39:02 is -- you're 19:39:05 involved in incredible work and this is a time 19:39:08 of stretch knowledge of us could 19:39:12 none of us could have anticipated. Please 19:39:15 feel free to communicate, let us know how we 19:39:18 can support and partner. To Portland Housing 19:39:21 Bureau, thank you to your continued willingness to continue to 19:39:25 partner and show up in a space in meaningful and significant 19:39:28 ways. It is hard for me, I'm super 19:39:31 impacted emotionally about this moment. I know what it 19:39:34 is to do be on the verge of 19:39:38 homelessness, personally, and I know what it 19:39:41 is to have to move 19:39:44 because of circumstances beyond your control. 19:39:48 And, so, I can't over 19:39:51 emphasize the importance of all of us 19:39:54 leaning in and putting forth our best effort to help 19:39:57 people in these times so let's communicate 19:40:01 and continue the heavy work and the heavy lift. 19:40:04 Thanks for your time. Have a great 19:40:07 night, everybody. Bye-bye. 19:40:10 >> Bye. >> Bye. 19:40:35