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