17:00:34 evening, good evening, good evening.
How are you.
17:00:36 
Welcome to tonight
17:00:40 's oversight
17:00:43  meeting.
I'm Dr. Stephen Holt.
I
17:00:45  chair this committee.
I'm looking
17:00:47  forward to a very robust conversation tonight.
17:00:49 
Let me explain a couple of things.
For
17:00:52  those who are gathering who are 
17:00:54 watching, thank you for joining us.
This is a
17:00:56  meeting of the
17:00:59  oversight committee and tonight's
17:01:01  primary concern and primary time
17:01:03  is to be given to our 
17:01:06 nonprofit performers
17:01:08  and for them to give us
17:01:11  updates.
That's really how I want our time
17:01:13  spent, that's what
17:01:15  our emphasis is.
Last
17:01:18  one we gave Portland Housing Bureau
17:01:20  a bit of time to talk
17:01:22  about where they're at and give us
17:01:24  updates and I appreciate that.
Tonight we're hearing from
17:01:26  our partners.
We have a couple of
17:01:28  people to introduce you to tonight and I'll get to that in
17:01:31  just a moment.
For those of you joining us,
17:01:33  let me tell you this is a meeting open to the
17:01:35  public, it is not a public meeting.
And what
17:01:37  I mean by that is the agenda set
17:01:40  for the meeting is directed by what
17:01:42  I just articulated, the
17:01:44  reporting out
17:01:47  of our nonprofit performance
17:01:49  partners, and hearing what they're 
17:01:51 doing, how things are going, and then
17:01:54  engaging around those 
17:01:58 concerns.
If you as a
17:02:01  person have concern
17:02:03  or input or something you would like to weigh
17:02:05  in on, I would ask you
17:02:07  to utilize the chat function and your questions
17:02:13  may or may
17:02:17  not 
17:02:20 have, I don't believe we have in the agenda
17:02:22  a set time for public testimony.
But again this is a
17:02:27  meeting of the oversight committee and it is our intent
17:02:30  to hear from our nonprofit
17:02:32  partners.
I encourage you to
17:02:34  interact with and engage with
17:02:37  Portland Housing Bureau
17:02:39  staff as they have opportunity to engage in
17:02:41  dialogue.
So thank you very much for being
17:02:45  here.
I appreciate your presence.
17:02:47 
Accountability is very important.
17:02:49 
Transparency is very important in
17:02:51  making sure
17:02:54  that people are involved.
The second
17:02:56  thing, the second disclosure, that
17:02:58  I want to make is you will see
17:03:00  that my name shows up twice in the 
17:03:02 meeting.
It shows
17:03:04  up twice because I have two instruments that
17:03:07  I'm
17:03:11  using in order to be able to interact and
17:03:13  connect.
My
17:03:15  webcam is not functioning
17:03:18  correctly so I am using my iPad
17:03:20  so you can see me and hear 
17:03:22 me.
And then I have it on
17:03:25  my desktop so
17:03:27  that I can see everyone else at the same time.
So
17:03:29  that is why you see my
17:03:31  name twice.
The other
17:03:35  request I have or kind of
17:03:37  instructive statement around tonight is as much as
17:03:39  possible it would be
17:03:41  great to see your face.
It's a
17:03:43  request, I can't enforce 
17:03:45 it.
It would be great to see your face.
17:03:47 
Though we are not in the same room,
17:03:49  we aren't on the same zoom and the
17:03:51  concept of a zoom platform
17:03:53  is to create the opportunity to have
17:03:55  that connectivity and
17:03:57  it just helps for the sake of
17:03:59  interacting.
For those
17:04:02  who cannot do so,
17:04:04  it will be what it is.
But if you are
17:04:08  a presenter and
17:04:10  you are telling the story then we
17:04:13  certainly want to see your
17:04:15  face while you do that.
17:04:17 
I think those are the essential kind of 
17:04:20 housekeeping things.
When you are not 
17:04:22 talking, please keep your zoom muted.
You should
17:04:24  be able to hover over the screen you will
17:04:26  see a microphone icon, and
17:04:28  make sure there is a
17:04:30  red slash through it and
17:04:33  then it will show up
17:04:35  on the screen as you can see down
17:04:37  by the names of participants,
17:04:39  that red little dash on the 
17:04:42 microphone.
The second thing is if you'd
17:04:44  like to change your
17:04:45  name go to participants
17:04:48  and click on yourself and there will be a space for
17:04:49  you to click the name that you want
17:04:52  to be called by
17:04:54  there.
So I think that is essentially 
17:04:56 it.
Welcome again.
It is if you can
17:04:58  believe it the 9th of July
17:05:00  and we are running through 
17:05:02 2020.
I'm going to do a roll call of the
17:05:05  oversight committee members and
17:05:07  make sure that everyone is here and then
17:05:11  we will get going.
Once
17:05:13  I call your name merely
17:05:15  just say
17:05:18  present or here,
17:05:21  something to that effect.
I will start
17:05:23  with Marlon 
17:05:26 Holmes.
>> 
17:05:28 Here.
>> Okay.
Excellent.
17:05:30 
Dr. Lisa 
17:05:33 Bates.
>> Good evening
17:05:36  everyone.
>> Hi, Dr.
17:05:38  Bates.
I'm running through
17:05:42  names of my
17:05:46  team.
Sheila Holden.
>> Here.
>>
17:05:48  Welcome, good to
17:05:52  see you tonight.
17:05:55 
New to the oversight committee, voted
17:05:58  in a little
17:06:01  while ago John
17:06:07  Washington.
>> Here, Dr. 
17:06:10 Holt.
Thank you, good evening everyone.
>> Good 
17:06:12 evening.
Also new
17:06:14  to the oversight committee having gone
17:06:16  through the process of being interviewed
17:06:18  by Dr. 
17:06:21 Bates and myself is
17:06:28  Aquile s 
17:06:30 Montas.
>> Here.
>> Thank you.
Good to see 
17:06:32 you.
We have also new
17:06:34  to the oversight committee
17:06:36  Gabrielle.
>> 
17:06:40 Here.
Good evening all.
>>
17:06:42  Good evening and welcome.
I'm looking for
17:06:44  my
17:06:48  other committee
17:06:52  members.
Did I miss 
17:06:55 any?
>> I thought I
17:06:57  saw 
17:07:02 Karen.
>> Dr. 
17:07:04 Edwards.
>> Maybe she hasn't gotten on yet.
17:07:07 
She registered
17:07:11  though.
>> 
17:07:13 Okay.
I don't see
17:07:15  any other oversight committee
17:07:18  members.
17:07:20 
I don't think I'm
17:07:23  missing any.
All right
17:07:25  --
>> I'm present.
>>
17:07:27  
17:07:31 Ah, phone
17:07:35  line.
Hello.
I'm glad you're here, 
17:07:37 welcome.
>> Thank you.
>> Appreciate your
17:07:39  commitment and
17:07:42  presence.
17:07:44 
As others join
17:07:48  I will identify
17:07:50  them.
Tonight's committee our
17:07:52  meeting is as
17:07:54  follows, if you received the agenda, I'm
17:07:56  going to talk through it briefly and then we're
17:07:58  going to get going.
Our first will be program
17:08:01  updates from Portland Housing 
17:08:04 Bureau, and then we will have a home ownership
17:08:09  update also from in regard
17:08:12  to PHC and the work 
17:08:14 PHC is doing.
And then we'll
17:08:16  look through and listen
17:08:18  to our nonprofit partners
17:08:20  who are doing 
17:08:22 incredible work and give
17:08:24  us a mix on how things are happening.
17:08:27 
And again let me emphasize that my
17:08:29  hope tonight is to give ample opportunity for the
17:08:33  presenters to present and questions to be interacted
17:08:35  with related
17:08:40  to what's going on in
17:08:42  development.
After which if 
17:08:45 Jillian is on the line, then we
17:08:48  will have a brief 
17:08:50 Williams&Russell update.
Then I
17:08:52  will talk a little bit or
17:08:55  Marlon Holmes will talk
17:08:57  about our I-5 project that has
17:08:59  a little bit of noise going on in the city,
17:09:01  just a little bit.
So
17:09:04  without further ado, Shannon,
17:09:07  director Callahan.
>> Good evening, Dr. Holt and
17:09:09  members of the committee.
First
17:09:11  of all I'd like to welcome the new members
17:09:13  to the committee and thank you for your service.
Please
17:09:15  know that I and every member
17:09:17  of the housing bureau team are here to help
17:09:20  you in any way with any information
17:09:22  you need to complete
17:09:24  your oversight
17:09:27  role.
17:09:29 
And I look forward to seeing you and
17:09:31  meeting you in actual person
17:09:33  sometime in the future.
I'm really proud of the work
17:09:35  that you'll hear tonight from our team members and
17:09:37  our community partners in the face
17:09:39  of so
17:09:41  much turmoil with the Covid pandemic.
Our
17:09:43  partners have really done an amazing job
17:09:45  adapting their work to make sure that
17:09:47  contractors are safe on the job and that
17:09:50  the affordable housing
17:09:53  projects are under construction are moving 
17:09:55 forward.
That has been no small feat, I know.
17:09:58 
But it's amazing
17:10:00  that the projects and
17:10:02  developments are proceeding.
I
17:10:04  also just wanted to let you know
17:10:06  that in addition to our
17:10:08  regularly scheduled work, the housing
17:10:11  bureau has been working
17:10:14  on three new areas related
17:10:16  specifically to the Covid pandemic which I
17:10:18  thought the committee would like
17:10:20  to be apprised of.
They
17:10:22  relate to the local relief 
17:10:24 CARES act funding from the Federal Government that is coming
17:10:26  to the city of 
17:10:28 Portland.
And we expect that
17:10:31  city council is going to make, take up the issue of
17:10:34  funding and start to make
17:10:35  some preliminary decisions next week
17:10:38  related to
17:10:40  additional funds for rent 
17:10:42 destabilization to help renters pay
17:10:44  their rent who have
17:10:46  been affected by the Covid
17:10:49  pandemic.
We will be allocating a pool of
17:10:51  what we expect to be $15 million to a pool
17:10:53  of funds that we have been able to accumulate as well as
17:10:55  the county.
And
17:10:59  we
17:11:01  will be prioritizing 
17:11:03 black, indigenous, LatinX
17:11:05  and people of color in how we
17:11:08  program those funds and we've
17:11:10  been going about that
17:11:12  process for a few weeks now.
I also wanted
17:11:14  to let you know that I believe
17:11:16  that we will be receiving new funds for
17:11:19  homeowner stabilization on
17:11:21  focused work with three culturally
17:11:23  specific community
17:11:27  partners to address issues that are related to
17:11:29  families that are having lending or mortgage
17:11:31  issues or predatory lending.
So we
17:11:34  also will have a small pot of direct
17:11:35  financial assistance and our team has been programming
17:11:38  those funds so
17:11:40  that we are able to prioritize
17:11:43  homeowners that we have helped with down
17:11:45  payment assistance loans and
17:11:47  or home repair loans
17:11:49  in the last ten years which I know is something
17:11:51  that I'm sure you're all as concerned about
17:11:53  as we are which is making sure that the folks that we've
17:11:56  worked to
17:11:58  stabilize or create home ownership opportunities can make
17:12:00  it through this pandemic and that we as a
17:12:03  city are prioritizing those
17:12:06  household and families.
And
17:12:08  finally I know I don't want to take a long time
17:12:10  of your time this evening because I know
17:12:12  you have a lot of
17:12:14  really great presentations,
17:12:16  but you are going
17:12:19  to have a
17:12:21  presentation on the
17:12:25  5020 north interstate project which has been
17:12:27  unable to move forward at this time
17:12:30  due to an inability to close on
17:12:32  their construction loan.
I have given the project to extensions to
17:12:34  see if there's a possibility that they can secure the
17:12:37  funding they need.
The present extension expires
17:12:40  at the end of July and I do intend
17:12:43  to extend that through the end
17:12:45  of this calendar year.
But
17:12:47  before I did that I wanted to make sure
17:12:49  that this committee had a chance to hear more
17:12:52  directly what's going on with the 5020
17:12:55  project and where we are.
17:12:57 
So the other thing I just want to
17:12:59  make clear as
17:13:01  we're in this,
17:13:03  abundantly clear, is that our
17:13:05  commitment to the community
17:13:07  in the north and northeast
17:13:09  oversight strategy committee stands and
17:13:11  specifically how it 
17:13:13 relates to the black community and the creation of new
17:13:16  home
17:13:18  ownership.
So I think we have
17:13:20  taken some extraordinary steps to
17:13:22  try to get a 5020
17:13:24  to the point it has today
17:13:26  including providing an additional
17:13:29  $4 million construction loan that we were
17:13:32  borrowing against future short term
17:13:34  home repair, I'm sorry, future home
17:13:36  repair loan funding and as you know
17:13:39  that we in this committee dedicated the
17:13:41  last million dollars we had at the present
17:13:43  time in our development funds
17:13:45  to try to
17:13:47  buy the units
17:13:50  down when we were moving to our
17:13:52  portion of closing the project.
So with that
17:13:55  I just wanted to let that be known at the
17:13:57  outset.
I am of course
17:13:59  able to answer any questions you might have.
But I
17:14:01  know you have a very
17:14:04  aggressive schedule and it's nice to see so
17:14:06  many of
17:14:08  you even if it is just
17:14:10  virtually.
>> Thanks,
17:14:12  Director Callahan.
Appreciate it.
17:14:15 
Any questions from the oversight
17:14:20  committee
17:14:22  members?
You can just weigh
17:14:25  in if you've got a 
17:14:27 question.
Just unmute
17:14:31  and go for
17:14:34  it.
17:14:38 
All right.
No questions.
17:14:41 
Then
17:14:44  we will move forward.
>>
17:14:46  Dana, I'll share your
17:14:48  slides.
>> All 
17:14:50 right, thank you.
I'll get started if
17:14:52  that's all right, Dr. Holt.
>>
17:14:54  Perfect.
>> Cool.
My name is 
17:14:56 Dan a
17:15:00  Ingram
17:15:02  Shepard.
And I will go through this
17:15:04  fairly quickly so we can allow
17:15:06  as much time as possible
17:15:09  for updates.
I was not able to get the
17:15:11  presenter's name on her but
17:15:14  Sholanda is on the zoom call and she
17:15:16  will give a quick update at the end
17:15:18  of my quick
17:15:20  housing update.
So can
17:15:23  I just make sure,
17:15:25  Sholanda,
17:15:28  hopefully you're
17:15:30  there.
Sholanda, can you just verify that
17:15:32  you're here?
>> Dr. Holt, 
17:15:35 Jillian just joined and I did see
17:15:38  Sholanda as one of the --
>> I
17:15:41  am here.
Sorry.
>> That's okay.
17:15:43 
I just wanted to make sure
17:15:45  you were there, that's totally fine.
>> I
17:15:47  also wanted to let you know
17:15:52  that Ira Bailey is on
17:15:54  this zoom call if there's any questions at the end of
17:15:56  this quick presentation.
I'll go ahead and just get started.
17:15:58 
The reminder here is
17:16:00  of our home ownership goal and that is
17:16:02  to create 110 new
17:16:04  homeowners through the home ownership preference policy
17:16:06  with PHB resources
17:16:09  by early 2022 and how we achieve that
17:16:11  goal is through our down payment assistance loans,
17:16:14  currently the
17:16:17  Portland Housing
17:16:19  Center and providing home buyer education and
17:16:21  counseling for those preference policy
17:16:23  households and they have an
17:16:25  assigned counselor,
17:16:27  that is Shalonda
17:16:30  working with that population of folks we refer
17:16:32  over to the 
17:16:34 organization.
Then there's the 
17:16:36 DPAL's house for new construction, they're
17:16:38  in new developments and they also provide support
17:16:41  through the home buyer education
17:16:43  and counseling for the households
17:16:45  that the housing bureau have referred
17:16:47  from the preference policy.
And then there's
17:16:49  the development of the 82 affordable
17:16:51  home ownership units through our
17:16:54  partners habitat for
17:16:56  humanity and Proud Ground.
You'll hear
17:16:58  a little bit more about those units later
17:17:00  on this evening.
17:17:04 
Next slide, please.
17:17:06 
All right, so the last time we met
17:17:09  in
17:17:11  May, you all did support us using
17:17:13  all of the funding sources as a
17:17:15  part of the 
17:17:18 goal.
So as of today 51
17:17:20  households we are at 51 households towards
17:17:22  that goal of 110.
17:17:25 
But we continue to report everyone that has
17:17:27  become a homeowner through the preference
17:17:30  policy.
So that number is
17:17:32  64.
And just as a 
17:17:34 reminder we have created even in the
17:17:36  midst of the pandemic, four
17:17:38  additional new homeowners since the last time we
17:17:41  reported out to y'all in May.
And you can
17:17:43  take a look at that slide
17:17:45  for just a moment, the different
17:17:48  funding sources.
I guess I should take
17:17:50  a little bit of time for folks
17:17:52  that this may be their
17:17:56  first time joining us.
>> 
17:18:00 Dana, this is Jillian.
Can you
17:18:02  remind me what 
17:18:04 CET 
17:18:07 is?
>> Construction excise 
17:18:10 tax, it was the city wide --
>>
17:18:12  Thank you for that.
>> Dana,
17:18:14  can you talk about because we do have a lot of
17:18:17  new people what that was and then
17:18:19  what no subsidy means.
>> Yes,
17:18:21  absolutely.
So the construction
17:18:23  excise tax, the oversight committee actually
17:18:25  advocated for that for about a year and a half
17:18:27  to two years before Shannon had
17:18:30  come in and actually was able to identify those
17:18:32  funds
17:18:34  and dedicate it to preference
17:18:36  policy households.
That gave preference
17:18:38  policy households an opportunity to buy outside
17:18:41  of just the interstate corridor.
And so you'll find
17:18:43  out later in my 
17:18:45 summary that those funds went fairly quickly
17:18:47  because people were able to purchase on the open market
17:18:50  outside of the higher priced 
17:18:53 area.
Then we have the north
17:18:56  northeast tax financing funds that were
17:18:58  a part of the
17:19:00  initial north northeast strategy.
17:19:02 
Then we have the Prosper Portland
17:19:04  funds, we received another
17:19:08  $1.6 million
17:19:10  to serve folks and that's been
17:19:12  helpful as well.
And for the folks
17:19:15  that did not receive any subsidy
17:19:17  those are people that have identified through the
17:19:19  preference policy but for one reason
17:19:21  or another did not use any subsidy.
17:19:23 
The reasons for that could be that they
17:19:26  ended up being over
17:19:28  income or they purchased outside of an area
17:19:30  where there were 
17:19:33 funding, things like
17:19:35  that.
All right.
Then the
17:19:40  next slide, please.
All right.
17:19:42 
So I mentioned the 82
17:19:46  units with PHB investments
17:19:48  through Habitat for
17:19:51  Humanity.
Here's the timelines.
I
17:19:54  got an update from
17:19:56  Habitat for Humanity yesterday they're
17:19:58  slightly off but not by more than a month.
17:20:01 
So give or take a month in
17:20:03  these estimated construction completion
17:20:05  timelines.
So we will have another
17:20:08  24 units by the end of this calendar
17:20:10  year and again all of which go
17:20:12  to preference policy households, all
17:20:14  24.
Then we have
17:20:16  the
17:20:19  Kilpatrick
17:20:21  which is
17:20:24  phase two and the 5020 
17:20:26 condos.
It says 40 but there are additional
17:20:29  units in the project.
And I think you'll
17:20:31  hear more about 5020 coming up 
17:20:33 later.
Then on the far right side you see
17:20:36  buyers reserved and what that
17:20:39  means is we've received a commitment from preference
17:20:41  policy buyers and a strong interest
17:20:43  into going into one
17:20:48  of those units.
17:20:50 
All right.
Of the 51
17:20:54  households towards our goal
17:20:55  here is the race and
17:20:58  ethnicity information and the household income.
17:21:00 
Hopefully you can see that
17:21:02  well enough but what it does say if you
17:21:04  can't, if it's too small
17:21:06  is that 90% of those
17:21:09  homeowners are black.
17:21:12 
And that was our goal to serve
17:21:15  communities
17:21:17  of color and black 
17:21:19 folks.
You can take a second to
17:21:21  look at that household information
17:21:23  too.
And 
17:21:27 Jillian, I do want to follow up to your question from
17:21:29  last time, I'll do that at the
17:21:31  end about the household
17:21:37  income below 60%.
All right.
17:21:40 
Next slide, please.
All 
17:21:42 right.
So before I get into the 
17:21:44 remaining resource, I do want to just provide
17:21:46  a quick update again as I did
17:21:48  before as to the work of our partners
17:21:51  and what they are doing.
17:21:54 
And so so far out of the 64 homeowners that we've
17:21:56  created and the partners have
17:21:59  created with their support actually,
17:22:01  the breakdown as far as which
17:22:03  organizations have given that support, so the
17:22:06  African American Alliance
17:22:09  for Home
17:22:11  Ownership did create nine homeowners
17:22:13  from our initial round of
17:22:15  home ownership.
And I'm sorry they had a couple of
17:22:17  recent closings so I don't know if
17:22:20  it's 12 or 13 that they've
17:22:22  created new homeowners and supported.
17:22:24 
And then Portland Housing
17:22:26  Center has 40 new homeowners through their
17:22:29  support.
So that leaves us with the 
17:22:32 remaining resources.
So 
17:22:34 PCRI actually had 13 as of a couple
17:22:37  of weeks ago.
But
17:22:40  now there's just 11 left.
17:22:42 
So two
17:22:44  people, two
17:22:47  households actually
17:22:49  just completed the
17:22:52  project which was six units and
17:22:54  two of which went to preference policy households.
17:22:56 
Now they're working with 11 more preference
17:22:58  policy households.
And
17:23:00  just to let you
17:23:03  all know these 11
17:23:05  PCRI has dedicated themselves
17:23:07  to helping and serving the folks from the
17:23:10  original list that was referred to see them
17:23:12  through into home ownership.
So there's been no 
17:23:14 additional, except for a few here and there that
17:23:16  a couple of households directly
17:23:18  wanted to work with
17:23:20  PCRI and their
17:23:22  staff.
Other than that they have
17:23:25  dedicated themselves to helping those folks that were originally
17:23:27  referred to them.
17:23:31 
There's one Prosper Portland down payment
17:23:33  assistance that has not been 
17:23:36 awarded.
There are no more down payment
17:23:38  assistance funding available for Portland
17:23:40  Housing Center.
So
17:23:43  at this point Portland Housing Center is identifying and referring
17:23:45  households over to the new developments that we spoke about.
17:23:48 
And then there's
17:23:51  the construction excise tax which went
17:23:54  fairly fast once we released
17:23:56  those funds.
So these are
17:23:58  all resources for preference policy
17:24:01  households only.
We are not talking about all 
17:24:05 resources.
Next slide.
So here's just a quick
17:24:07  
17:24:10 summary.
So the ten
17:24:12  city wide DPAL's were utilized
17:24:14  within one year.
That means ten
17:24:17  new homeowners within one year.
That's pretty fast
17:24:20  so again it just lets us know
17:24:23  that there are a lot
17:24:25  of options.
It was pretty
17:24:27  flexible guidelines as
17:24:29  well.
Then the average purchase price of the
17:24:32  51 households that did receive
17:24:34  some subsidy is
17:24:38  $346,918.
We have, just to let you all 
17:24:40 know, we don't necessarily report out on the
17:24:42  folks with no subsidy because it's
17:24:45  a little bit trickier to gain all of the
17:24:47  information when they aren't
17:24:50  receiving the PHB 
17:24:52 resources.
So this information is on the 51 households
17:24:54  that we service the
17:24:56  loan for.
Then the new development
17:24:58  units, oh the new development units
17:25:00  are necessary for existing goals and
17:25:02  timelines because they are like the slide before,
17:25:04  there's limited down
17:25:07  payment assistance loans to be use
17:25:09  on the open market.
And also I
17:25:11  do want to just
17:25:13  reiterate that the down payment assistance loans that I spoke about
17:25:16  earlier, those are strictly
17:25:19  for preference policy home buyers
17:25:21  only.
This slide, this presentation,
17:25:23  we are speaking about the north,
17:25:25  northeast strategy which again
17:25:27  the funds are for households
17:25:30  identified through the home ownership
17:25:33  preference policy only.
17:25:35 
And then Jillian, to
17:25:38  your question from the last presentation,
17:25:41  you were specifically wondering
17:25:43  about the 60% 
17:25:45 AMI household and
17:25:47  wondered, if I understand this correctly, you were just
17:25:49  kind of questioning what it took for those
17:25:52  homeowners to get into home ownership and here's a
17:25:55  list of resources used as
17:25:57  recently as last year and
17:25:59  that's the
17:26:01  Wells Fargo
17:26:04  Lift, Home
17:26:06  Start funds,
17:26:08  and individual development account and 
17:26:10 OHCS funds.
I just wanted to distinguish
17:26:12  the difference.
So a 
17:26:14 lender, a mortgage loan is looking at just the
17:26:16  buyer.
But you have to remember that the
17:26:18  AMI for our eligibility is
17:26:20  adjusted by household.
So the
17:26:23  same buyer, excuse me it could be the same
17:26:25  income for a 
17:26:27 60% AMI household versus
17:26:29  100% AMI household because it's
17:26:31  adjusted.
Does that make sense, 
17:26:35 Jillian?
>> Based on the size of the 
17:26:37 household?
>> Exactly.
So I think it's
17:26:40  the perception that 60% AMI
17:26:41  household is a lower income
17:26:44  household, that is not always the
17:26:48  case.
Okay.
Next slide
17:26:50  is just questions for me.
17:26:52 
But if we can just hold it
17:26:54  there for a second I'm going to ask
17:26:57  Shalonda to give a quick
17:26:59  update about Portland Housing
17:27:05  Center.
We'll be available
17:27:09  to answer those
17:27:16  questions.
Shalonda.
Uh-oh,
17:27:19  you're on mute still, 
17:27:21 Shalonda.
>> Can you
17:27:23  hear me now?
Hello?
Hello?
>>
17:27:27  Yes.
>> Okay.
So
17:27:30  updates with the Portland
17:27:33  Housing
17:27:36  Center, so far
17:27:38  we have worked with, we have 359 people
17:27:40  that are still currently
17:27:42  in our 
17:27:44 pipeline.
90 folks
17:27:46  have been rescinded and
17:27:49  as in the previous slides we have 40
17:27:51  people who purchased, we
17:27:53  had one close yesterday.
And
17:27:55  we have two more people
17:27:59  shopping right now.
And let's see,
17:28:01  what other
17:28:04  updates.
I think we have a
17:28:06  total of about 23
17:28:11  people who have reserved for the
17:28:14  
17:28:16 Kirkpatrick and I'll let the other partners talk more
17:28:19  about that.
That's my quick update.
And
17:28:21  we're still working
17:28:23  on getting interest for the 5020.
17:28:25 
A
17:28:27  lot of our clients are,
17:28:29  we have several people
17:28:32  that are mortgage ready but because
17:28:34  there are
17:28:36  not enough down payment assistance available for them, it's
17:28:38  a little more challenging for them to
17:28:40  get
17:28:45  loans especially now with the stricter 
17:28:47 guidelines for being
17:28:49  approved for a loan with the Covid
17:28:55  going on.
Right now
17:28:59  we have a 
17:29:03 total, I'm looking for about 
17:29:06 30% of our pipeline are currently mortgage
17:29:09  ready.
Which means they are
17:29:12  within 1
17:29:14  to 3 months being able to purchase if
17:29:16  they have down
17:29:19  payment assistance especially because
17:29:21  the market is not quite affordable within
17:29:23  northeast
17:29:26  Portland.
So having more funds would be
17:29:29  helpful.
17:29:31 
So that's my little 
17:29:35 summary.
>> 
17:29:37 Shalonda, I have a quick question.
Or maybe you
17:29:39  said it and my sound went out for a
17:29:41  second.
You said you have households
17:29:43  that are mortgage ready but there's
17:29:45  no more down payment assistance?
>> 
17:29:47 Yes, there are two Prosper
17:29:50  Portland down payment assistance available.
17:29:52 
I have one waiting for their 
17:29:54 preapproval for that one.
And another
17:29:57  one is having to get reapproved
17:30:01  so to speak.
But yeah
17:30:04  there is no more down payment assistance within the
17:30:05  preference policy, however there may be other
17:30:10  programs like the Oregon -- or being
17:30:12  creative with what is 
17:30:15 available.
>> I was wondering how many mortgage ready folks are
17:30:17  kind of waiting for
17:30:19  down payment
17:30:21  assistance to become available, if
17:30:25  you have a rough number.
>> Let's see.
I'm
17:30:29  looking at, we have
17:30:32  our preference policy report
17:30:34  that I think the bureau
17:30:37  gets every month.
I
17:30:39  usually don't
17:30:41  do this part so --
>> I might be 
17:30:43 able, I have that report up in front of me.
17:30:46 
Let me see if it shows on here
17:30:48  how many people are mortgage
17:30:50  ready.
And then
17:30:52  if you know 
17:30:57 automatically you can jump in, but it might be
17:30:59  on this sheet here.
>> 
17:31:01 30%, but I don't know the actual number.
>> 
17:31:03 Yeah, we do it by percentage.
We
17:31:05  didn't break it up by
17:31:07  numbers on the
17:31:11  report.
>>
17:31:13  Okay.
Okay it says
17:31:17  clients who's mortgage readiness status 
17:31:19 increased was 17, but that's just an 
17:31:21 increase.
So that's a significant number
17:31:23  if it's 
17:31:25 30% of 350 something folks.
>> That's a lot of
17:31:27  
17:31:30 folks.
>> Yeah.
>> Actually, wait, hold 
17:31:32 on.
I'm looking at another report,
17:31:34  hold on,
17:31:36  one second.
It's not
17:31:38  everybody it's just
17:31:40  our African American
17:31:42  clients for that report I was working on.
17:31:45 
Sorry.
>> Thank you,
17:31:48  Shalonda.
>> Thank you.
>> Any
17:31:50  other 
17:31:52 questions?
>> There is a question from,
17:31:54  okay, Leslie is
17:31:56  answering it.
17:31:59 
Aquiles had a question
17:32:01  in regard to the down
17:32:03  payment and the down payment is not a 
17:32:07 percentage, it is a dollar amount.
So maybe you
17:32:09  want to speak to that on new construction what
17:32:12  that dollar amount was and on
17:32:13  existing homes what that dollar amount
17:32:16  was.
Dana could you answer
17:32:19  that?
>> Sure.
The down
17:32:21  payment assistance maxes
17:32:23  at $100,000 per
17:32:25  household.
And then our investment into new
17:32:27  construction was maxed
17:32:30  at $125,000 household
17:32:32  previously.
>>
17:32:34  Thank you very much.
Any other questions from the
17:32:36  oversight committee?
Thanks for the
17:32:38  presentations, good
17:32:43  information.
>> Thank
17:32:47  
17:32:49 you.
>> Thanks, Dana
17:32:51  and Shalonda.
17:32:53 
Exciting to see we're moving forward with home ownership
17:32:55  opportunities and that people are taking advantage
17:32:57  of it.
We had
17:32:59  no doubt that there
17:33:01  would be, that the need was present and we
17:33:03  had no doubt people were interested in being
17:33:05  able to do that.
The thing I don't think any
17:33:07  of us understood was how
17:33:10  impacted families have been and
17:33:12  how much time it would take to 
17:33:15 recoup and strengthen
17:33:18  and support.
And I think back, 
17:33:20 what, two years ago there was quite a bit of energy
17:33:22  around gaining that understanding as
17:33:24  we were doing this work.
I appreciate everybody
17:33:27  staying with the process
17:33:30  and being committed to making
17:33:32  this meaningful.
We're going
17:33:34  to go down to our development project updates
17:33:38  and we are going to begin with
17:33:42  PCRI and
17:33:44  king and parks
17:33:46  and home ownership.
17:33:48 
So I will set my
17:33:50  timer and you will have
17:33:53  at least 15 minutes to present, not that you've
17:33:55  got to take all of the 15 minutes.
But
17:34:01  you've got at least that.
17:34:03 
Is it
17:34:05  Kymberly?
>> Can you hear me?
>> I can
17:34:08  now.
Hi,
17:34:12  Kymberly.
>> Good evening, 
17:34:14 everybody.
I'm 
17:34:18 Kymberly Horner the executive director for
17:34:22  PCRI.
July 1st was my one year mark.
17:34:24 
It's been really a great journey
17:34:27  working for PCRI.
I'm
17:34:29  going to split
17:34:31  the presentation
17:34:33  between myself and Darrel 
17:34:35 Bryley.
I will be reporting on king and
17:34:38  parks and then I
17:34:43  will turn it over
17:34:46  --
>> 
17:34:49 Hi, yes?
>> Uh, no.
17:34:51 
I'm sorry, I was trying to
17:34:54  mute.
>> Okay.
>>
17:34:58  Next slide, 
17:35:00 please.
So as you
17:35:02  know
17:35:07  King + Parks is
17:35:10  located on
17:35:12  Piedmont avenue and martin
17:35:20 martin
17:35:24  Luther King Jr.
17:35:26  
boulevard.
There is a 1200
17:35:28  square foot community space that is part of
17:35:30  this project and it was really
17:35:32  developed to help mitigate historic 
17:35:37 displacement in the north
17:35:39  northeast community.
The project is
17:35:41  utilizing the geographic preference policy that's been
17:35:43  developed by the Portland Housing
17:35:46  Bureau.
It's approximately 70
17:35:48  units.
Of that 70 
17:35:50 units, there's a mix.
12 of the
17:35:52  units are scheduled to be three
17:35:54  bedrooms.
38 of the
17:35:56  units are two
17:35:59  
17:36:01 bedrooms.
And
17:36:03  there are 20 one bedroom units.
When you
17:36:05  total that that's a number of 69
17:36:08  units however one of the units will be
17:36:10  reserved for an on site management person
17:36:12  that works for 
17:36:15 PCRI.
The project has
17:36:17  amenities included with it.
It's
17:36:19  got a secured entry and
17:36:21  on site management staff, a community
17:36:23  room, laundry facilities on
17:36:25  each floor, on site parking
17:36:28  however it's limited.
And
17:36:30  it also has
17:36:32  dishwashers and air-conditioning units in
17:36:35  each of the units.
17:36:39 
Next slide, please.
17:36:41 
So at this juncture we have made a lot
17:36:43  of progress with the 
17:36:45 project.
It is scheduled to be completed, the
17:36:47  construction is scheduled to be completed in the
17:36:51  fall of 2020.
We
17:36:55  anticipate receiving our temporary
17:36:57  certificate of occupancy on
17:37:00  August 31st of this year.
The
17:37:02  punch walks have been completed
17:37:04  for the townhouse side of the
17:37:07  projects particularly on the fourth
17:37:09  floor.
There is a third floor punch
17:37:11  walk that's scheduled to be completed this week and
17:37:13  we're also installing the
17:37:19  elevator this week.
The brick work is
17:37:21  occurring on the
17:37:24  exterior of the building mostly the
17:37:27  pieces that are visible from 
17:37:29 MLK Jr. boulevard and
17:37:32  Rosa Parks boulevard.
Those
17:37:34  areas are complete, there is still some
17:37:37  interior work with the brick work that still needs
17:37:39  to be
17:37:42  completed.
The staircase feature of the project
17:37:44  has the treads all the way up
17:37:48  so we're very confident that we're going
17:37:50  to be moving along a little more quickly
17:37:52  than what we originally anticipated with this
17:37:55  project and it's had permanent power for the past
17:37:58  couple of weeks.
Let's see,
17:38:00  the exterior of the building as
17:38:02  I said is
17:38:05  heading to the finish line.
We
17:38:07  also have an art component
17:38:09  that will be included in this project.
17:38:11 
And my staff is currently
17:38:14  in communication with a
17:38:16  local artist that will be putting some art
17:38:19  to the exterior of the project
17:38:21  to memorialize the African
17:38:23  American community and it's migration from the
17:38:27  south to
17:38:29  Portland.
We expect
17:38:33  to have the King + Parks project
17:38:35  stabilized by the end of
17:38:37  this calendar year.
As many of
17:38:39  you know it is a tax credit
17:38:42  project so that is a very meaningful thing to make
17:38:45  sure that we hit that deadline.
That being said
17:38:47  I will now
17:38:49  turn the rest of my presentation over to
17:38:51  Darry l
17:38:53  Briley so he
17:38:56  can report out on our
17:39:00  Blandena 
17:39:02 project.
>> Thank you very much.
I do
17:39:04  apologize to one and all we've got a
17:39:07  bit of a webcam
17:39:09  issue here today so you just get to
17:39:11  hear me not see me which is probably a
17:39:13  blessing.
Good evening
17:39:18  and moving right into our North
17:39:20  Blandena project
17:39:22  as
17:39:26  Dana Shephard mentioned earlier,
17:39:29  these units are really exciting
17:39:31  for us.
They present a
17:39:34  new avenue
17:39:36  for home ownership and it's
17:39:38  very
17:39:40  important for us to continue
17:39:43  getting the units
17:39:45  that are really designed and livable
17:39:49  for our clients.
The
17:39:51  construction was
17:39:53  recently completed and four
17:39:56  of the six units are in 
17:39:58 escrow.
We still have two outstanding
17:40:00  units that we're looking to get
17:40:02  closed here in the next
17:40:05  week or two.
So that's
17:40:07  great news as well.
This is
17:40:10  actually the second time we've built this
17:40:13  product and we plan on
17:40:15  reemploying it again.
It is
17:40:17  working very, very well.
17:40:19 
It's very well received through the community.
17:40:21 
And one of the benefits or
17:40:23  actually one of the blessings that we have
17:40:25  working with our homeowners is it
17:40:28  gives us a realtime
17:40:30  feedback
17:40:33  of the design that we
17:40:35  put in so that we're
17:40:38  actually almost custom
17:40:40  building them, not directly
17:40:43  so but metaphorically
17:40:45  so because of the information that we stream that we keep
17:40:47  active with our
17:40:49  homeowners as we work
17:40:52  with them through our residence
17:40:55  services program.
17:40:58 
They're all 2 and 3 bedrooms, they're all
17:41:00  energy efficient homes.
And pretty much everything we
17:41:02  do now is
17:41:06  definitely going to be a very close
17:41:08  look, a very focused look
17:41:12  on energy conservation
17:41:14  and preservation.
There's an HOA
17:41:16  that has been established
17:41:18  for the 
17:41:21 complex, it is a fee simple
17:41:23  
17:41:26 town home style 
17:41:29 development.
As we say it's consistent with
17:41:31  our guidance from
17:41:33  our pathway 1,000 program
17:41:35  that's really also very exciting.
17:41:37 
It gives us a very broad opportunity to reach into
17:41:39  a lot of
17:41:41  corners and a lot of
17:41:43  segments of these neighborhoods and
17:41:45  make sure that the developments that
17:41:47  we're bringing online
17:41:50  are consistent with the heritage as well.
That's 
17:41:52 very, very important to us that we make
17:41:54  sure that we've got continuity
17:41:56  throughout the
17:41:59  north and northeast
17:42:01  and we keep that
17:42:03  continuity in place.
And lastly
17:42:06  Kymberly and I
17:42:08  and our staff have been working quite a bit
17:42:11  on a program
17:42:13  that we
17:42:23  is designed to address some of these
17:42:25  aged homes that have some different maintenance
17:42:27  and different needs that we can look at bringing them
17:42:29  up to speed, we
17:42:31  looked at them through several lenses
17:42:34  not least of which code upgrades,
17:42:36  so on and so forth.
It is very
17:42:38  exciting and I won't get into
17:42:40  all of the detail here that
17:42:42  it presents a very broad
17:42:48  opportunity for us to
17:42:50  create some workforce type
17:42:52  jobs that are positioned to be here locally.
So that's
17:42:54  actually a focal point of this
17:42:57  program is to try to make sure that we're creating
17:43:00  jobs as we're walking
17:43:02  through these neighborhoods.
I won't bore you with the rest
17:43:04  of those details.
I know there's
17:43:06  quite a few other
17:43:09  folks behind us here.
17:43:12 
So I'll yield whatever time we have left.
>> Thank you
17:43:14  very much.
I appreciate that.
17:43:19 
Questions, comments from the 
17:43:21 oversight committee members.
Now
17:43:23  historically what we would do if
17:43:26  we were
17:43:29  in person is we would
17:43:31  -- we're not.
I'm not going to make
17:43:33  us raise hands in the venue we're
17:43:35  in.
You can unmute
17:43:39  and ask your
17:43:41  question
17:43:44  or make a statement.
>> What are the
17:43:46  price of
17:43:50  these units?
>>
17:43:53  What are the prices
17:43:56  of the units?
>> 
17:44:00 Yeah.
>> About $240,000 is how many they'll
17:44:06  be selling 
17:44:09 for.
>>
17:44:13  Marlon?
>> Madame Horner,
17:44:15  going back to the site on 
17:44:17 MLK and Rosa Parks, what is a
17:44:20  punch walk?
>> That is when
17:44:22  the construction is
17:44:26  nearly complete on the project and
17:44:29  the general contractor will begin
17:44:32  walking through the project itself with the owner
17:44:34  as well as the rest of the
17:44:36  construction team to find any
17:44:39  areas that need touch ups or
17:44:41  repairs to the units before
17:44:44  we start leasing
17:44:46  them out for the residents.
>> And
17:44:48  one last 
17:44:50 question.
Was there any
17:44:53  emphasis ever placed on more
17:44:56  three bedrooms versus 1 and
17:44:58  2 
17:45:01 bedrooms?
>> Those
17:45:03  discussions 
17:45:05 preceded me.
As I
17:45:08  indicated a few minutes ago
17:45:10  I have only been with the organization for about
17:45:13  a year.
But
17:45:15  
17:45:17 Maxine Fitzpatrick was pretty well in tune of what
17:45:19  the expectations were of the community and there was a lot
17:45:21  of community input with
17:45:24  regard to the King + Parks
17:45:26  project.
So the
17:45:28  way that it was laid out and
17:45:31  contemplated was
17:45:33  vetted through the community process as well as the
17:45:36  funding availability for the project.
You have to, when
17:45:39  you build these types of projects,
17:45:41  you have to make sure that they
17:45:43  financially pencil out and
17:45:45  sometimes that will determine how many 1
17:45:48  or 2 or 3 bedroom units you
17:45:54  can get out of
17:45:57  it.
>> Thank you.
17:46:02 
Great.
Any other questions
17:46:04  from the oversight committee?
>> Dr. 
17:46:06 Holt, did you see Lisa's comment in the 
17:46:09 chat?
>> I 
17:46:11 did.
>> 
17:46:13 Okay.
>> Hi, Ms. Horner, it's good
17:46:15  to hear you pitch tonight.
And it's good to hear
17:46:17  that pathway 1,000 is continuing to
17:46:20  move forward especially in this 
17:46:22 climate.
How many units did the
17:46:24  pathway 1,000
17:46:26  designate for home ownership,
17:46:28  can you recall?
>>
17:46:30  So pathway 1,000 designated
17:46:34  1,000 units to be
17:46:38  built.
We have
17:46:40  approximately -- so we
17:46:42  would like to get another
17:46:44  700
17:46:46  if we can units for sale.
But those
17:46:49  will be in the tune of like
17:46:51  duplexes and getting
17:46:54  multiple units on a
17:46:58  single 
17:47:00 parcel.
So we're really and, 
17:47:02 John, I'm sure you were a part of
17:47:04  this process
17:47:06  too in that the
17:47:08  true wealth building for the black community is
17:47:11  through home ownership so we are really
17:47:15  turning our attention now to
17:47:17  taking some of the scattered sites that no
17:47:20  longer make sense for rental purposes
17:47:23  and repurposing those into projects
17:47:25  that can be used for the
17:47:27  home ownership 
17:47:30 program.
>> Thank 
17:47:34 you.
>> Thank you very much.
17:47:36 
And thank you for your 
17:47:38 comment.
I agree it would be helpful since we have so
17:47:40  many new members
17:47:42  to the oversight committee which is excellent, if all
17:47:44  of the presenters could take
17:47:46  maybe a minute to
17:47:50  contextualize the work to reference the project that
17:47:52  you are going to be talking about.
17:47:56 
That would be fantastic.
And
17:47:58  also I would say to all new
17:48:00  committee members, don't hesitate to weigh in
17:48:02  and get 
17:48:05 clarification.
That's our process, again it's
17:48:07  transparency, it's accountability, it's making sure that we
17:48:09  understand what's happening.
17:48:11 
So thank you.
17:48:14 
All right.
Thanks, 
17:48:16 Kymberly, appreciate it.
17:48:18 
Appreciate the presentation and the
17:48:21  information.
Darryl we
17:48:23  look forward to meeting you at some
17:48:25  point.
We
17:48:28  will continue.
Next we have
17:48:30  Reach and they're going
17:48:33  to talk about
17:48:35  Renaissance Commons.
Before you do 
17:48:37 that, I realize that in my
17:48:39  introduction, I don't think I
17:48:42  clarified it quite correctly, when I said 15
17:48:44  minutes I meant that that's the entire time that
17:48:46  we plan on taking for the presentation.
I'm going
17:48:48  to give you the same 15, but that
17:48:51  means about eight minutes in presentation
17:48:53  with about seven
17:48:57  minutes for questions.
So
17:48:59  that would be fantastic.
17:49:02 
Hopefully you
17:49:05  didn't lose me.
17:49:07 
So Reach.
>> All 
17:49:10 right, great.
Thank you.
Yes
17:49:13  Renaissance Commons
17:49:17  located at Argyle
17:49:19  and 
17:49:21 Interstate.
>> Can you introduce yourself, who you 
17:49:24 are.
>> I'm Dan 
17:49:27 Valliere, CEO at Reach.
17:49:29 
Also on the call are
17:49:34  Pamela, Daniel, and
17:49:37  Alma 
17:49:39 Flores.
I guess particularly for
17:49:41  new people this was a site that was
17:49:44  owned by
17:49:46  Tri-Met so
17:49:48  right next to the
17:49:51  Interstate line and right
17:49:53  at the McKinton 
17:49:56 stop.
And this land was
17:49:58  purchased by 
17:50:01 Tri-Met and they were involved in the early days.
Originally
17:50:03  it had been a mixed income
17:50:05  development but that didn't prove feasible.
But we ended
17:50:07  up putting together
17:50:09  a 189 home apartment
17:50:12  building, affordable and with community
17:50:14  space.
17:50:16 
Go to the next slide.
This is
17:50:18  some photos of the
17:50:22  building now.
And we
17:50:24  just finished construction, no
17:50:26  one has moved in yet so we're at the early
17:50:28  stages of leasing.
You can
17:50:32  see the building from an aerial 
17:50:34 shot.
You can see on the upper right hand
17:50:36  corner that's
17:50:39  a picture of a protected
17:50:41  courtyard.
So it's sort of a secured 
17:50:43 courtyard, it's outside but you can
17:50:46  only get to it through gated
17:50:48  entrances.
So it's more for residents in the
17:50:50  building, a place people can come,
17:50:53  adults, 
17:50:56 kids, anyone, but it's sort of protected.
17:50:58 
The other one at the bottom shows a public
17:51:00  plaza, that is at the corner of
17:51:02  Argyle and Interstate and it's looking
17:51:04  in.
So there's a public plaza area
17:51:06  and then a
17:51:10  courtyard area.
There are 189
17:51:12  homes as I mentioned and just
17:51:14  the breakdown real quick
17:51:17  since I came up, 53 
17:51:19 studios, 71 one
17:51:21  bedrooms, 47 two bedrooms, and 18
17:51:23  three bedrooms.
And this
17:51:26  committee did give us input on adding
17:51:28  three bedrooms which did happen as part of the
17:51:30  process, we ended up
17:51:35  increasing that.
I will, yes,
17:51:37  the good news is that
17:51:39  we have temporary certificate of occupancy as
17:51:43  of June 2020.
That means that the construction is
17:51:45  basically completed.
There may be small things
17:51:47  done, but it's ready to be 
17:51:49 occupied.
So that's really exciting.
So
17:51:51  leasing is underway.
No one
17:51:54  has moved in yet but
17:51:57  Pamela is with us
17:52:00  and will give a quick
17:52:02  overview
17:52:04  on the leasing.
We can go to the next slide 
17:52:06 too, sorry about 
17:52:08 that.
>> Thank you,
17:52:10  Dan.
Good evening everyone.
Happy to be here
17:52:12  this evening and to have
17:52:14  an opportunity to talk about Renaissance
17:52:19  Commons.
This 189 homes in such a
17:52:22  vibrant part of our city.
17:52:24 
So we have been
17:52:28  working on the lease up
17:52:30  process for quite sometime now.
17:52:33 
We have an office
17:52:35  that's opened in the 
17:52:37 Vanport plaza center which is very
17:52:39  convenient.
There's great transportation and
17:52:41  parking 
17:52:44 there.
We have a team of four
17:52:48  people working
17:52:50  there.
17:52:52 
To date we have
17:52:55  reached out to
17:52:57  over 900
17:52:59  people on the preference list.
That's
17:53:02  about 55%
17:53:05  of the total.
We have
17:53:07  67 applications in 
17:53:09 process.
19 of those have been
17:53:12  approved for move in and we will have
17:53:15  the first
17:53:17  residents moving in 
17:53:19 tomorrow, July 10th to Renaissance
17:53:21  
17:53:24 Commons.
Yes, great.
We're really
17:53:29  excited about that.
And this is also a
17:53:31  tax credit property.
So there is
17:53:34  a lot
17:53:36  that goes into the eligibility
17:53:38  requirements and making sure that
17:53:40  residents comply.
Fortunately
17:53:43  we do not
17:53:45  have a December 2020 deadline
17:53:48  but we do want to get
17:53:51  as many units occupied by the end of the
17:53:53  year as possible and our goal is to be
17:53:55  fully leased up in the
17:54:01  spring of next year.
17:54:04 
So any questions
17:54:06  about the lease
17:54:08  up?
>> This is Gabrielle and I have a question.
17:54:10 
What is
17:54:13  the timeline to
17:54:15  reach out to the 45% 
17:54:17 remaining on the preference list?
>>
17:54:21  I wouldn't say that we have an exact date.
17:54:24 
So having reached out
17:54:27  to 900 people already,
17:54:30  and that includes everyone who
17:54:34  has had a determinant
17:54:37  rating on the preference
17:54:39  policy list plus some and as we
17:54:41  work through those then
17:54:44  we will be reaching out to the
17:54:49  remaining if 
17:54:51 necessary.
We only
17:54:53  have 189 units to 
17:54:56 lease.
And
17:54:58  we've contacted 954.
>>
17:55:01  Thank you.
So we have someone, is there any communication
17:55:03  that goes out to the 
17:55:05 remaining individuals on that wait list to
17:55:08  let them know that it's
17:55:10  already been leased?
Is there a way to
17:55:12  roll them over to another list?
I'm
17:55:14  not familiar
17:55:17  yet with that process.
>> So this
17:55:19  list is going to also
17:55:21  be
17:55:25  utilized by
17:55:28  the King
17:55:33  Parks and is Bridge also using the
17:55:35  same list?
>> Yes, we 
17:55:38 are.
>> Yes.
>> So
17:55:40  Gabrielle, does that answer your
17:55:42  question?
>>
17:55:45  Yes, thank you very 
17:55:50 much.
>> Any other
17:55:53  questions?
Well we can move
17:55:55  on to the next slide.
17:55:58 
And I would imagine that
17:56:00  Alma Flores, our
17:56:02  director of housing development will give
17:56:04  us some
17:56:08  updated information on construction.
>>
17:56:10  I was slated to do it, 
17:56:13 Alma is here though if you want to add to
17:56:15  it.
I also know we're
17:56:17  running out of our eight minute allotment
17:56:20  so I want to be respectful of that.
17:56:22 
The data is here on
17:56:26  the equity
17:56:29  goals.
Alma --
>> Go 
17:56:31 ahead, Dan.
>> So
17:56:33  this is the data --
>> Dan you're
17:56:35  breaking up so Alma, if you could take
17:56:38  it that would be great.
>>
17:56:43  So right now
17:56:45  -- in our construction we're
17:56:49  tracking about
17:56:52  33-34% participation
17:56:54  by disadvantaged minority
17:56:57  and women owned
17:56:59  businesses.
That includes 11 minority owned and eight
17:57:02  women owned businesses.
17:57:04 
To date there have been ten contracted
17:57:06  businesses within the
17:57:10  North/Northeast Portland area.
We've been doing a good
17:57:12  job of tracking those
17:57:14  equity goals and meeting our own
17:57:16  goals and that of 
17:57:19 PHB and others.
In terms of the breakdown
17:57:21  related to
17:57:24  apprenticeships, over 57%
17:57:26  of the journeymen hours have been
17:57:29  maintained by minority 
17:57:32 journeymen.
That makes up 
17:57:34 black, 
17:57:36 Asian,
17:57:39  Hispanic and other
17:57:41  as well as native American.
17:57:43 
Over 42% of the apprenticeship
17:57:45  hours
17:57:47  were directed by minority
17:57:50  apprentices.
And then over 
17:57:52 22% of those hours were by
17:57:54  female
17:57:56  apprentices.
So obviously we're not
17:57:59  doing well enough on the female side and
17:58:01  maybe some of the other minority
17:58:03  apprenticeship 
17:58:06 categories.
But we're certainly above many other
17:58:09  projects in the region.
We're
17:58:12  happy to report 
17:58:17 that.
>> Thank you.
>> Yes, 
17:58:19 oversight committee 
17:58:24 members, do you have any
17:58:27  questions?
Alma, you don't have to
17:58:29  get into it at the moment
17:58:31  unless you have it in front of 
17:58:33 you.
I would love to know how
17:58:35  these percentages are
17:58:38  
17:58:40 disaggregated as into what
17:58:42  kind of work
17:58:44  these people were able to be doing
17:58:46  and were involved in the process if you have
17:58:48  that.
>> We do have 
17:58:51 disaggregated data by racial
17:58:55  categories as well as the type
17:59:00  of work for each.
I believe
17:59:02  that that report is given to
17:59:05  PHB monthly by our
17:59:07  contractors and what I have in front of me is
17:59:09  just
17:59:12  the culmination
17:59:14  since,
17:59:17  last month of those hours by race
17:59:19  and by category.
Happy to share with the
17:59:22  group, I don't know if we want to spend
17:59:24  that time here going over each
17:59:26  one.
>> No, I'm not asking
17:59:28  for us to do it tonight but I do want to see
17:59:30  it.
>> Absolutely.
>> 
17:59:33 Alma, I'll work with you and Jil to make sure
17:59:35  we get it out to the 
17:59:37 oversight committee.
>> Thank you, 
17:59:39 Leslie.
>> Thank you very much.
Any other comments
17:59:42  or questions
17:59:46  from the oversight
17:59:49  committee?
17:59:51 
Well
17:59:53  thank you.
Appreciate it.
We will
17:59:55  continue unless there was anything else, did
17:59:57  we cover everything for Reach?
>>
18:00:00  Yep, the last slide had three last
18:00:02  points that people can 
18:00:04 read.
But I think we are 
18:00:06 good.
>> Yeah, we've got four
18:00:08  minutes if you'd like to use them.
>>
18:00:10  Then I'll just
18:00:13  highlight that we have two community spaces in the
18:00:15  building that I mentioned.
One of
18:00:18  them is a community space
18:00:20  that's sort of secured in the
18:00:22  building so you'd only gain access
18:00:25  to it through the resident entrance door that's 
18:00:27 secured.
But the second community space is
18:00:30  one that does have a door out
18:00:32  to the street.
It's also a secured
18:00:35  door but can be opened so that people could come in
18:00:37  directly into the
18:00:39  community.
Second the community room and we are going
18:00:41  to be gathering input from
18:00:43  residents as they move in as to what
18:00:45  kinds of community events
18:00:47  or services even could be
18:00:50  operated in there.
We had some early
18:00:51  discussions with various
18:00:55  non-profits and other community organizations about
18:00:57  services they could operate in there.
It wouldn't be
18:00:59  rent charged, it would be free
18:01:01  services, things that could be done for the community in
18:01:03  there.
But we could have long term partners
18:01:05  that maybe set up in there and do things
18:01:07  in an ongoing way.
So that is something
18:01:09  we're going to be gathering 
18:01:12 input over the next year and if
18:01:14  anyone on this committee, I know 
18:01:17 Marlon, we've talked about that before.
We will be
18:01:19  seeking you out and if anyone
18:01:21  else on the committee has input on us for
18:01:23  that community space, it's a
18:01:25  flexible space and we'll be trying to bring community programming
18:01:27  in there.
>>
18:01:29  Appreciate that.
Thank you.
18:01:31 
One of the challenges I can anticipate
18:01:34  with our present Covid reality will be
18:01:37  what community spaces look 
18:01:39 like.
>> True.
>>
18:01:42  Much of the planning was prior to this
18:01:44  current reality.
So
18:01:48  adjustments with all
18:01:52  facilities including
18:01:55  how laundry rooms
18:01:57  are
18:01:59  utilized and coordinating that is going to be a unique
18:02:02  challenge.
We are interesting in seeing how all of
18:02:04  that unfolds.
All 
18:02:06 right, next up is 
18:02:09 Bridge.
And again 15 minutes, about
18:02:11  eight minutes to present and
18:02:16  seven
18:02:18  minutes for questions.
18:02:21 
Bridge, you are a 
18:02:23 go.
>> Hi everyone I'm
18:02:27  Sherry
18:02:29  
18:02:31 Grau.
You probably
18:02:33  remember Gina
18:02:35  Whitman, she left Bridge in December
18:02:37  to take her 
18:02:39 family, move to Costa Rica
18:02:42  for six months and I recently
18:02:44  caught up with her and although
18:02:46  it didn't go the way anybody had
18:02:48  planned she still had a really good
18:02:50  time and she wanted me to say
18:02:53  hi to everyone.
So
18:02:56  SongBird
18:02:58  was named for the
18:03:02  rich jazz history in the 
18:03:04 area.
That was kind of the reason behind the 
18:03:06 name.
And it's a 61
18:03:08  unit affordable
18:03:12  housing building with
18:03:16  40 project
18:03:19  based
18:03:22  vouchers.
20 policy preference units.
18:03:24 
Nine of those are one
18:03:27  bedrooms, 34 are two bedrooms, and
18:03:29  18 of those are three bedrooms.
And the
18:03:31  three
18:03:33  bedrooms have two bathrooms.
That
18:03:35  includes
18:03:38  one manager's unit.
So
18:03:40  you can see some photos up there.
18:03:42 
Those are a little bit 
18:03:44 outdated.
We are right about 95% complete
18:03:46  right now and the building is just
18:03:52  turning out really beautiful.
18:03:54 
We were scheduled for TCO
18:03:56  at the end of June and
18:03:58  right now we're at the
18:04:00  end of July so we had about a
18:04:02  one many delay due to Covid.
18:04:04 
We had some issues with manpower and
18:04:06  most
18:04:09  of the issues were with the suppliers
18:04:11  and it was hard to get the 
18:04:13 deliveries.
There was a lot of things on back order and stuff
18:04:18  like that.
So we've been working with the
18:04:21  contractor to move through those challenges
18:04:25  quickly and they've been
18:04:27  doing a really
18:04:32  great job.
Again we're
18:04:35  scheduled for
18:04:39   temporary certificate
18:04:41  of occupancy at the end of July and
18:04:43  looking at substantial completion
18:04:48  in August.
And so we're hoping to start
18:04:50  moving people in by the end of August and be
18:04:52  fully leased by November and
18:04:54  December.
It is only 61
18:04:56  units so we're being
18:04:58  optimistic we think we can hit that target.
18:05:01 
It's a tax credit lift and
18:05:03  4% deal so really motivated
18:05:05  to hit that December 2020
18:05:08  target.
We started
18:05:10  
18:05:12 leasing, we started 
18:05:15 May-June sending out flyers and reaching out to
18:05:17  preference policy.
18:05:19 
And we have an interest list
18:05:24  as well that we've gathered.
Bridge did
18:05:26  a lot of outreach to the
18:05:29  community and that was before
18:05:33  my
18:05:38  time.
And so we have quite
18:05:40  an extensive interest list that we've been
18:05:42  reaching out to.
It's been going well
18:05:44  from what I understand of
18:05:49  our leasing team.
I will just say that
18:05:51  we have some really great amenities.
I didn't
18:05:53  put that on here but I'll just throw
18:05:55  out there that we actually have
18:05:57  air conditioners
18:06:01  in the units.
That's
18:06:03  a nice thing to be
18:06:07  able to offer.
We also
18:06:09  through our outreach we
18:06:11  heard the community things like
18:06:16  color pallet,
18:06:18  they wanted a warmer color pallet, so I think
18:06:20  we did
18:06:23  a good job on the
18:06:25  design.
A barbecue area was important to the 
18:06:28 community.
So we have a really
18:06:30  great nice little barbecue area that is 
18:06:32 ADA accessible as well.
And we have
18:06:34  quite a bit of bike
18:06:36  storage,
18:06:39  separate bike storage
18:06:41  area.
We are also locally sourcing 
18:06:46 artwork.
So we're in the middle
18:06:49  of doing that.
And if we could go
18:06:51  to the next slide, we're on
18:06:55  target for
18:06:57  DMWESB participation.
18:06:59 
And we can
18:07:01  also supply that information.
We're
18:07:04  happy to provide that if you'd
18:07:08  like our numbers as 
18:07:10 well.
We're actually 90% complete
18:07:12  but we're rented about 
18:07:14 95.
So we're in finishes right now.
18:07:17 
Exterior of the
18:07:20  building is wrapping up.
Our playground is
18:07:23  installed.
And it looks really 
18:07:25 great.
We're really
18:07:30  excited about it.
>>
18:07:32  Thank you,
18:07:35  Sherry.
Is that the end of the presentation?
>>
18:07:37  Yeah, I think that's about all I had.
18:07:39 
So if there's any
18:07:41  questions, I'd be happy to 
18:07:43 answer.
>> Excellent.
Questions
18:07:52  from the oversight committee.
18:07:54 
Okay.
And again my question and my
18:07:56  ask would be to everyone
18:07:58  in regard to the disaggregated information,
18:08:00  that would be great
18:08:02  for us to 
18:08:04 know.
Thank you so very much.
We're moving
18:08:10  right along, wow.
18:08:13 
Okay.
Our next presenter is
18:08:15  Habitat for Humanity.
And I will say
18:08:18  the same to you, around 15 
18:08:20 minutes.
So you've got about eight minutes to
18:08:22  present and then leaving some
18:08:26  space for some questions which my
18:08:28  historic oversight committee is
18:08:31  usually very
18:08:35  inquisitive or engaging or maybe
18:08:37  dealing with a little
18:08:39  of the July overcast 
18:08:41 dynamic, maybe that's what's going on
18:08:43  today.
But 15
18:08:45  minutes.
18:08:48 
So to you.
>> Thank 
18:08:50 you, Dr. Holt.
Thank you 
18:08:52 oversight committee, for some time on your
18:08:55  agenda.
I'm Steve 
18:08:59 Messinetti, director at Habitat for
18:09:01  Humanity Portland.
I'm going
18:09:03  to be speaking about two
18:09:05  projects which are home ownership projects that
18:09:07  Habitat has been the builder and developer
18:09:09  and we also worked very closely with a number
18:09:11  of partners
18:09:15  including African American
18:09:17  Alliance for Home Ownership
18:09:19  and PHB to
18:09:22  implement these projects.
I'd like
18:09:24  to reflect back for a second
18:09:26  and appreciate
18:09:28  the oversight committee, other black
18:09:30  leaders in our community especially folks from
18:09:32  PCRI who have been
18:09:35  advocating for decades against
18:09:37  the structural and institutional racism in
18:09:40  our communities but specifically
18:09:42  advocating for these funds to be
18:09:44  dedicated to helping African
18:09:46  American families especially the funds
18:09:48  that are helping families buy homes.
You
18:09:50  all know that home ownerships is one
18:09:52  of the keys to wealth building in our country and
18:09:55  you probably also know that African
18:09:57  American families own homes at about half
18:10:00  the rate of their white 
18:10:02 counterparts in our city which is really a disgrace.
18:10:04 
Our team did the math this week and
18:10:06  looked at what that would mean to fill
18:10:08  that gap and that would mean about
18:10:12  4,000 households, African American households
18:10:14  buying homes in Portland in order
18:10:17  to fix that gap.
So
18:10:19  our hope is that
18:10:21  this is just the start of this work
18:10:23  as we help 100 or so families
18:10:25  get into homes.
Of course 4,000 families will take
18:10:27  a lot of 
18:10:29 money, but actually
18:10:31  it's not as much as the
18:10:34  metro regional housing 
18:10:36 bot.
So it's not out of reach at all.
It's
18:10:38  an honor to be working with you and I'll give a
18:10:41  quick update on our two projects.
The
18:10:43  first is a site if you can go
18:10:45  to the next slide, it's on the corner
18:10:47  of 
18:10:49 Olin and Lombard
18:10:51  just north of the university of Portland
18:10:54  in the 
18:10:56 Portsmouth neighborhood not
18:10:58  far from
18:11:01  University Park.
It's a 12
18:11:03  home project.
All three
18:11:09  bedroom, two bath homes.
There's
18:11:11  two homes on each unit that are
18:11:13  fully accessible homes.
And
18:11:15  then two three bedroom homes on the second 
18:11:18 floor, and two three bedroom homes
18:11:20  on the third floor.
These homes are
18:11:22  into that dry
18:11:24  wall phase
18:11:26  so moving into finish phase
18:11:28  and on track to be completed
18:11:30  next month.
I think Dana reported
18:11:32  earlier that ten of the 12 families for this
18:11:35  site have been identified are excited about moving
18:11:36  into their homes and are pretty much mortgage ready
18:11:42  to buy their homes.
What's
18:11:44  unique about Habitat
18:11:46  or these
18:11:48  projects is these are
18:11:51  households that are
18:11:53  under 60% 
18:11:55 AMI.
And what that means
18:11:57  is these homes are available to families who
18:11:59  make as little as $30,000
18:12:01  a year.
I'll speak about how we
18:12:03  make that happen in a minute.
You can go to the
18:12:05  next slide.
Here's
18:12:09  one of the families, this is
18:12:11  Deloris and she'll be
18:12:13  moving into one of the
18:12:16  homes here with her granddaughter who's
18:12:18  pictured here along with her
18:12:20  nephew who's ten months old.
So they'll be
18:12:23  filling up that house.
Go to the next
18:12:25  slide as well.
This is also
18:12:27  Anthony who will be moving into the 
18:12:29 Olin project with his two daughters.
I
18:12:31  actually want to read Anthony's
18:12:34  quote because it's really powerful.
18:12:36 
He shared with us, "they say that a
18:12:38  kid who has a home seems to 
18:12:40 succeed.
I grew up on 11th
18:12:42  and mason.
A single dad raising
18:12:44  two daughters and I'm trying to give them a better life,
18:12:46  a better chance.
When I
18:12:48  looked into Hat tat it was
18:12:51  a perfect fit for
18:12:53  -- Habitat it was a perfect
18:12:55  fit for me.
Getting into this
18:12:57  condo has been a big dream of mine for a long 
18:12:59 time.
It feels great to
18:13:02  know that I can purchase a home and have a safe
18:13:04  environment for my kids.
They will have their own
18:13:06  rooms and it will work out perfectly.
I will be the first
18:13:08  one in my family to own a home.
When I move
18:13:10  in I'm going to facetime
18:13:12  everyone I know and say, you guys
18:13:14  see this, you guys see
18:13:17  this, I'm
18:13:22  here".
At
18:13:25  the 
18:13:28 Kilpatrick site just
18:13:32  down the road from there, we are
18:13:34  also in the similar phase of building the
18:13:37  first 12 homes and this is all 12 homes are in
18:13:39  that one building on the top right here.
18:13:41 
So that's 12 homes with four
18:13:45  homes on each floor.
Those large
18:13:47  windows are actually sliding
18:13:49  glass doors and there will be
18:13:51  balconies out of the living room in each home.
And that's
18:13:54  the first phase of that project in which seven
18:13:56  of the households have been 
18:13:59 identified.
We still have to identify
18:14:00  the last few.
It's on a
18:14:02  similar schedule
18:14:05  about a month
18:14:07  after
18:14:09  probably -- this project
18:14:12  also has a second phase
18:14:15  and just today we actually poured the
18:14:17  foundation on the second phase which will be
18:14:19  a similar
18:14:21  building, three stories that has
18:14:23  18 units.
And half of the units
18:14:25  in this whole project, 30
18:14:28  homes altogether.
But half of the units
18:14:30  in this project are two bedrooms and the
18:14:32  other half are three bedrooms.
The first phase
18:14:34  if you look at that third
18:14:36  floor, those three bedroom homes have the third
18:14:38  bedroom upstairs.
It's kind of like a
18:14:41  townhome with a bedroom
18:14:43  and a bathroom on the third 
18:14:45 floor.
The average income of the buyers for these
18:14:47  homes is about $45,000.
So some of them
18:14:50  are as low as $30,000 and then incomes
18:14:52  go up
18:14:54  to almost $60,000.
Their first mortgages
18:14:56  on their homes will be as low as
18:14:59  $100,000 at the lowest income.
And
18:15:01  then
18:15:03  up to about $250,000 for some of the same
18:15:06  units.
The way we do
18:15:08  that is to bring additional
18:15:10  subsidy to the
18:15:13  projects.
Next slide.
Here's one
18:15:15  of the families moving
18:15:18  into this site is John who's
18:15:20  moving in with his brother
18:15:22  and
18:15:25  then his nephew as well as
18:15:27  his two sons that are
18:15:29  7 and 12.
You can
18:15:33  go to the next slide.
Here's Deborah also
18:15:36  moving in with her
18:15:37  future homeowner shirt.
All of these families
18:15:40  have come out on a few occasions
18:15:42  and helped build on the homes together so they're already getting to
18:15:44  know each other.
18:15:46 
And then final slide, this was mentioned
18:15:49  earlier, but the additional leverage that
18:15:51  makes these homes affordable, a number of
18:15:53  these families have been paired up with the
18:15:57  Wells Fargo LIFT
18:15:59  down payment program.
Oregon housing
18:16:01  community service has down payment funds
18:16:04  Habitat is able to allocate about
18:16:06  $15,000 per family.
Federal
18:16:09  Home Loan Bank help a fund to
18:16:12  help with down
18:16:16  payments.
Habitat also has a
18:16:19  matched savings account which is helpful towards
18:16:21  closing costs.
And then we
18:16:23  also get an award through
18:16:26  HUD, federal
18:16:27  grant through the self-help home ownership program and those
18:16:29  funds can be used for the infrastructure
18:16:31  work on the projects.
Then we also do some
18:16:33  fun
18:16:41 draising to help close the gaps.
I'll close
18:16:43  there and see what questions folks
18:16:45  have.
>> Thank you very much, I appreciate
18:16:48  it.
Questions or
18:16:51  comments from the oversight committee
18:16:53  members.
>> I don't have a question, but
18:16:56  I'm actually blown away.
This is
18:16:59  absolutely
18:17:03  amazing.
Especially the three 
18:17:05 bedrooms.
I'm just speechless right
18:17:07  now to see that you folks
18:17:11  took the initiative and listened to us
18:17:13  and built units to house
18:17:17  generational families.
And I am also
18:17:19  very appreciative
18:17:22  of its affordability and the fact that you also did
18:17:24  the work to
18:17:27  garner funds to support home ownership.
18:17:29 
One question for you
18:17:31  though, what is the average
18:17:33  square footage size
18:17:38  of these
18:17:45  units?
>> Well thank you, Mr. 
18:17:47 Holmes.
The average size for the
18:17:49  three bedroom homes are right
18:17:51  around 1200
18:17:54  square feet with two full bathrooms.
The two
18:17:56  bedroom homes are closer to
18:18:02  1100 square feet.
>>
18:18:05  So Steve, there's a question from
18:18:07  Felica in the chat.
And
18:18:09  she wanted to know are all
18:18:11  of these home ownership
18:18:14  units going to be part of the land trust 
18:18:16 model?
>> They are all
18:18:18  going to be permanently affordable.
So each of
18:18:20  these is a
18:18:22  condominium project so they are all
18:18:24  owned collectively like a
18:18:27  condominium would be by the
18:18:29  owner of the site and then there will be
18:18:31  a deed restriction reported against
18:18:33  the property that would accomplish
18:18:36  that long term affordability.
So
18:18:38  in the future if any family chooses to
18:18:40  sell their house they would work
18:18:42  with Habitat to identify the next
18:18:44  buyer that's income qualified in order
18:18:49  to resell 
18:18:52 it.
>> Thank you.
That means they would get a percentage
18:18:55  of the profit, 
18:18:57 correct?
>> That's right.
And that gets really
18:19:00  complicated as we get into the details of how
18:19:02  that works.
But yes,
18:19:04  they would get a percentage of the appreciation
18:19:07  of the house if you will.
A number
18:19:10  of those down payment assistance is
18:19:12  that we also
18:19:15  provide expire in our forgiveness.
So they
18:19:17  also get a decent amount of
18:19:19  equity through those down payment assistance funds
18:19:21  that get forgiven.
>> Excellent.
I just
18:19:23  want to add that in because we do
18:19:25  have new members who weren't aware of all
18:19:27  of that work and conversation that
18:19:30  went in to being
18:19:32  in the space that we are.
>> This is
18:19:47  Gabrielle.
Is there a
18:19:49  length of time it would need to be
18:19:51  owner occupied for that to be 
18:19:53 forgiven?
>> It starts out the 15th 
18:19:55 year.
>> For clarity,
18:19:58  I'm sorry.
>> Go ahead, 
18:20:00 Steve.
>> So for the city funds in these projects
18:20:02  those funds stay in the house to keep it permanently
18:20:05  affordable.
So the
18:20:07  $100,000 per unit is never forgiven, if you 
18:20:09 will.
It stays in the
18:20:12  house.
We mentioned Wells
18:20:14  Fargo, 
18:20:16 $25,000, Home Start $5,000,
18:20:18  all of those other
18:20:20  down payment assistance programs expire
18:20:23  anywhere between five years and 15 years
18:20:25  in terms of their 
18:20:28 forgiveness.
So in this case it's different for each program.
But the
18:20:30  city funds in these projects
18:20:32  actually stay in the project in
18:20:36  perpetuity.
>> And
18:20:39  Gabrielle for our down payment assistance
18:20:41  loans, the hundred thousand dollars
18:20:43  we have given out, those
18:20:45  begin to be forgiven after 15
18:20:47  years.
So they go 
18:20:49 50% at 15 years and by 30 years
18:20:52  they're totally forgiven which is a
18:20:54  different pot of money.
And I'll go over,
18:20:56  when we have your orientation,
18:20:58  I'll go over a lot of this information.
I
18:21:01  know you guys are all kind of
18:21:03  coming in cold, but if
18:21:05  you have questions be sure and ask them.
>>
18:21:07  Wonderful.
Thank you.
>>
18:21:09  Thank you.
Got about two minutes.
18:21:12 
John, I see you unmuted.
>> Yeah,
18:21:14  what happens when the people who
18:21:16  purchase these homes if they decease in the home,
18:21:18  what
18:21:22  occurs then?
>> They would be all
18:21:24  transferred to their heirs whether it's other
18:21:26  family members in their home
18:21:28  or children and that all happens,
18:21:31  it does not trigger anything in terms of the
18:21:33  resell restrictions.
18:21:35 
We've had quite a few homes that
18:21:37  we've built 20, 30 years ago that have
18:21:39  now passed on to their children and living
18:21:41  in their homes.
>> Say if someone got
18:21:44  into the home and died
18:21:46  within five years,
18:21:49  is that the same --
>> Yeah, that's written into
18:21:51  the deed.
So whatever period of time, it doesn't 
18:21:57 matter.
>> Okay.
Thank you.
>> Any other questions?
>>
18:21:59  I'm not sure if you were getting at this,
18:22:01  but one thing unique about home
18:22:04  ownership is we celebrate 
18:22:06 increases in income for family members.
So once they move
18:22:08  in, they have a qualified income to get into
18:22:11  the house, but all future
18:22:13  increases, we don't check their
18:22:15  income once they're in, that's something we 
18:22:17 celebrate.
>> But you do have a
18:22:20  lot of 
18:22:22 prerestrictions going in in terms of 
18:22:24 resell?
>> Yes.
>> Just making sure when you
18:22:26  redefine print, if you die
18:22:29  it don't go back to Habitat for
18:22:32  Humanities or they can
18:22:34  sell it or whatever.
18:22:37 
For generational wealth for families
18:22:39  so forth and so on, I'm just 
18:22:41 checking.
>> Absolutely.
>> Okay, thank 
18:22:43 you.
Any other questions,
18:22:45  comments?
We've got about a
18:22:47  minute.
Thanks, 
18:22:50 Steve.
Appreciate your work.
It is
18:22:52  exciting to see things going
18:22:54  forward.
It's super exciting
18:22:56  to think about
18:22:58  the affordability
18:23:01  that goes along with the opportunity.
18:23:03 
Quick comment I've got three children
18:23:05  and our oldest
18:23:07  is now in the space where he and his
18:23:10  wife and three children are looking
18:23:13  to purchase a home and I think about the
18:23:15  barriers he has to climb
18:23:17  and go through in order to be able to secure that.
18:23:19 
And I must admit like
18:23:21  Marlon, I thought
18:23:23  about people at $30,000 a year being
18:23:25  able to purchase, that's
18:23:28  just a phenomenal possibility as
18:23:30  opposed to having to rent.
I appreciate the work
18:23:34  on that.
Thank 
18:23:37 you.
All right.
Our last
18:23:39  presenter for the evening of
18:23:44  our partners is Proud
18:23:47  Ground.
Diane, it will refer to
18:23:49  you.
Same 15
18:23:51  minutes, about eight minutes for presentation and
18:23:56  seven minutes for question.
18:24:01 
You're still
18:24:05  
18:24:08 muted.
>> Okay.
Good evening, Dr. Holt.
>>
18:24:11  Good evening.
>> I really it's just
18:24:13  a great honor to address all of you and follow
18:24:15  all of these amazing colleagues who I know
18:24:17  have been working so hard to create these
18:24:20  projects and these opportunities.
18:24:22 
We're in a unique position and I'm going to
18:24:24  hand it off to Jean
18:24:26  a Woolley in just a
18:24:28  minute who is our owner's rep.
My name is
18:24:30  Diane 
18:24:33 Linn, I'm executive director of
18:24:35  Proud Ground.
We kind of cut
18:24:37  to the chase tonight about where we stand.
But just
18:24:39  to give you a quick overview
18:24:41  this project was in
18:24:43  response to
18:24:46  a PHB NOFA about
18:24:48  three years ago in partnership for
18:24:51  Habitat for Humanity, all of what Steve
18:24:53  just said really applies in so many
18:24:55  ways to this project.
64
18:24:57  units, 40 permanently affordable, they will never be
18:24:59  sold on the market in the future.
They will always be
18:25:01  affordable to people in the community.
The 
18:25:04 AMI targets are very similar, we
18:25:05  might have up to 18
18:25:09  units below 60% of median income.
18:25:11 
Another 15 to 18 at 60% to
18:25:13  80%.
And then there will be a
18:25:15  few three bedroom units at 80 to
18:25:17  100.
And again these are all family
18:25:19  sized units, 2
18:25:21  and 3 bedroom units.
24 of these
18:25:24  units will be at market rate so
18:25:26  it's a mixed income 
18:25:28 project.
There's park and play area
18:25:30  right on the light rail system
18:25:32  at Interstate and 
18:25:34 Alberta.
It's energy efficient and it's intended to be a
18:25:37  mixed income community and an intentional community in this
18:25:39  building.
We
18:25:41  will be reaching
18:25:44  over 35% minority women owned emerging
18:25:46  small business goals.
And I'm going
18:25:48  to
18:25:51  pass it now
18:25:53  on to Jeana and she's going
18:25:56  to give a quick
18:25:58  status update of the project.
>>
18:26:01  Can you advance
18:26:03  the slide?
Good evening, 
18:26:05 everybody, Dr. Holt, committee members, other
18:26:07  colleagues.
We've been working on this project
18:26:11  as most of you know for
18:26:14  a couple of years
18:26:16  we were literally
18:26:18  right on the, at the
18:26:22  end and ready to close in
18:26:24  March, on March 13th
18:26:26  the city council approved a project
18:26:31  unanimously and enthusiastically.
On
18:26:35  March 16th we had the pandemic
18:26:37  kind of set
18:26:42  in in March and then
18:26:44  literally the
18:26:46  day after we
18:26:49  closed there was a shutdown issued be I the
18:26:52  mayor.
And at that point
18:26:54  heritage asked to pause,
18:26:56  requested that we pause.
We were supposed
18:26:58  to close in the
18:27:01  second week of April.
We were
18:27:03  literally finalizing our closing
18:27:09  documents when this happened.
So
18:27:11  this project is a little bit different
18:27:13  than many of the affordable
18:27:15  rental projects.
The affordable
18:27:18  rental projects are moving forward
18:27:20  because they have take
18:27:22  out financing
18:27:25  that the investors
18:27:27  literally provide with tax credits.
The
18:27:29  banks provide the construction
18:27:31  lending and the equity is there
18:27:34  to take out I mean actually to write
18:27:37  down the overall
18:27:41  cost and so basically those projects
18:27:43  can continue to be financed
18:27:45  because there isn't the
18:27:49  same interest for the bank.
18:27:51 
Habitat is a little bit different because they
18:27:53  finance, they do smaller projects than
18:27:55  this would be and they're financing most
18:27:57  of their own construction.
But in a
18:27:59  project of this size and
18:28:01  scale which is about a
18:28:03  $24 million project, we have to
18:28:05  go out
18:28:08  to the private market to get private
18:28:12  financing for construction.
And the 
18:28:14 takeout for that is the sale of the
18:28:16  units.
And so if the
18:28:18  bank can't
18:28:20  figure out and I think Cathy is on the
18:28:22  line.
If they get their
18:28:24  underwriting standards would suggest that they need to be
18:28:27  cautious because it may
18:28:29  be more difficult to do takeout on
18:28:31  affordable units in this kind of
18:28:33  a climate than I
18:28:35  mean on any kind
18:28:37  of units, then
18:28:40  things slow down.
So that was why we
18:28:42  paused.
But the bank is very, we've
18:28:44  been working with the bank for the
18:28:47  last few months
18:28:50  and trying to identify
18:28:52  at what point we can 
18:28:55 kickstart this again where the bank has 
18:28:58 expressed interest in doing this deal.
And what
18:28:59  we're looking for
18:29:03  we went out and got essentially commitments
18:29:05  from all of our
18:29:08  lenders.
18:29:12 
We have lift dollars
18:29:15  in this, we have Oregon community foundation
18:29:17  dollars, we have
18:29:19  
18:29:22 Tri-Met, TOD grant in this.
18:29:24 
All of our lenders understood when
18:29:26  the pandemic hit it sort of upset
18:29:28  the apple cart and all of those
18:29:30  lenders have agreed and did it very
18:29:32  quickly to give us an extension through the
18:29:34  end
18:29:37  of the year to try to basically have
18:29:39  the get through Covid at least get back into a
18:29:41  more normalized
18:29:43  climate so
18:29:45  we could close this deal.
I think Diane is going
18:29:48  to talk a little bit.
That's kind of the update
18:29:50  of where we are.
We've
18:29:54  worked with the bank since in the
18:29:56  last couple of months and now these are the
18:29:58  things that we're working on during the pause
18:30:00  which Diane will talk 
18:30:03 about.
>> Thanks so much,
18:30:06  Jeana.
Could you go back one
18:30:08  slide?
So sorry.
Of course
18:30:10  because of not only the 
18:30:12 pandemic, we also have the
18:30:14  impact of as
18:30:16  you all know
18:30:18  the cries for justice
18:30:20  and fairness that
18:30:23  housing and home ownership
18:30:25  is such an imperative part of that,
18:30:27  we want to do
18:30:29  everything in our power to get this project back
18:30:31  on track.
The team is pursuing
18:30:33  other creative solutions for financing and
18:30:35  project restructuring if we need
18:30:37  to do that.
The preference policy families
18:30:39  as you all already heard from 
18:30:41 Steve, they're slated for the condos
18:30:43  are enthusiastic about the product.
We've
18:30:45  got some work to do with the preference policy process.
We've
18:30:48  been working again with all of the
18:30:50  partners that Steve 
18:30:52 mentioned.
The additional and very important million
18:30:54  dollar additional subsidy that
18:30:58  helped that PHB
18:31:00  provided are going to bring down as I
18:31:02  mentioned earlier the price point for several
18:31:04  of the units
18:31:06  so we can match the preference
18:31:09  policy client needs.
And
18:31:11  we have strong evidence even since Covid-19
18:31:13  that our lending partners are still lending
18:31:15  on mortgages.
In fact there's a little bit of a
18:31:17  frenzy out in the market right now.
Now what
18:31:19  will it look
18:31:22  like in two years, and
18:31:25  we are getting letters and these are
18:31:27  beyond the Habitat units.
18:31:29 
Up to 18 of them again will be financed
18:31:31  in the same way that Steve
18:31:34  just mentioned.
18:31:36 
60% to 100% median income will be
18:31:38  conventional financing through our lending
18:31:41  partners.
I talked to both of them
18:31:43  just yesterday and they're enthusiastic about
18:31:45  providing mortgages to income qualified families.
18:31:47 
What we need is the extension through the end of the
18:31:49  year.
More time to work all of
18:31:51  this out.
We're dedicated to
18:31:54  achieving the goals of this 
18:31:56 project.
And we appreciate your support and hanging in there
18:31:58  with us as
18:32:01  we take the next step towards
18:32:03  bringing closure and
18:32:05  breaking ground where 45 to
18:32:07  50 jobs will be
18:32:10  immediately underway on the site and we'll be
18:32:12  serving families in the black community for literally
18:32:18  generations to
18:32:22  come.
This slide
18:32:25  is just a very
18:32:27  brief highlight
18:32:30  of the testimony and I believe
18:32:32  John was pictured if I'm
18:32:34  right, Steve, in the slides earlier.
18:32:36 
He spoke in front of city council and I
18:32:38  won't read every part of this but
18:32:40  I think he really capture
18:32:43  it had need for this special project and the
18:32:47  way it serves
18:32:49  
18:32:51 North/Northeast Portland and really implementing and matching
18:32:55  people that
18:32:57  desperately deserve a chance to go back to
18:32:59  the neighborhood where they have
18:33:02  historical ties.
So
18:33:04  we captured this testimony about John
18:33:07  Sr. and his son buying a 
18:33:09 unit.
The last slide is just
18:33:11  to thank you all and happy to address your
18:33:14  questions.
>> Thank you,
18:33:16  Jeana and
18:33:19  Diane, appreciate it.
18:33:21 
Questions, comments
18:33:31  from the oversight committee.
>>
18:33:33  I apologize
18:33:35  that I also had some work run
18:33:41  late and I was not able
18:33:44  to be there
18:33:46  for 
18:33:48 PHB's presentation, but I have heard
18:33:50  that they are 
18:33:53 extending the timeline, but
18:33:55  I wasn't sure was that also through the end
18:33:57  of the
18:34:02  year?
>> Yes.
>> I'm 
18:34:04 sorry, this is Shannon.
We've
18:34:06  extended it through the end
18:34:08  of this month.
I intend to extend
18:34:10  it through the end of this year, but I wanted to make
18:34:12  sure that you as the oversight
18:34:15  committee had an opportunity to hear this presentation
18:34:17  before I did that.
18:34:20 
It is housing bureau owned
18:34:22  property, the majority of the funding is
18:34:24  coming from the
18:34:26  housing bureau through the
18:34:28  North/Northeast neighborhood strategy.
I
18:34:30  felt as a courtesy you should have this presentation before I
18:34:32  did so.
>> Thank you very much.
And
18:34:34  I took a really
18:34:38  deep dive in the information that was
18:34:41  sent out to the committee and
18:34:46  I'm a little concerned
18:34:48  that
18:34:50  there's not a deal
18:34:53  here, that like either due
18:34:55  to Covid or just due to the
18:34:57  complicated structure between 
18:35:00 LIFT and PHB funds and
18:35:02  land trust and
18:35:05  a ground lease and the letters
18:35:07  from heritage
18:35:12  bank seemed to indicate that there was still some distance between the
18:35:14  lending parties that needed to be negotiated before
18:35:16  the
18:35:19  deal could close.
And we're
18:35:21  past when you said that we're
18:35:23  finalizing documents, I don't know did that
18:35:25  process, did the negotiation process
18:35:27  just stop until
18:35:31  this extension was received.
Like
18:35:33  I said I'm just a little bit concerned
18:35:35  we'll extend this through the end of the month, then
18:35:37  the end of the 
18:35:39 year, then everything is more expensive and then
18:35:41  we don't have a deal and we need another
18:35:43  extension.
I just want some assurance
18:35:45  that there's a plan in
18:35:49  place to get all of the lenders
18:35:52  together to make sure that, I know the bank
18:35:54  is bound by a
18:35:57  ton of regulation that
18:35:59  goes into part of places where they
18:36:01  can't move and the same with 
18:36:05 LIFT that that's a general
18:36:08  obligation bond.
So there's certain
18:36:10  things that have to be included in their documents.
And I
18:36:12  assume the same with PHB and it seems like the
18:36:14  parties are just, they haven't quite gotten there
18:36:17  yet.
And so I just want to
18:36:20  know what the plan is to
18:36:22  get there.
>>
18:36:24  Well again I think we were as
18:36:26  Jeana referenced really on the brink of literally
18:36:29  closing.
We had
18:36:31  passed or omnibus finance
18:36:33  resolution on my board and city council passed it.
18:36:36 
We hadn't closed that
18:36:39  final tiny gap but clearly there's no
18:36:41  doubt that Covid-19
18:36:43  was the primary reason for the 
18:36:45 pause.
And Cathy is on the 
18:36:48 line, and I defer,
18:36:50  but I'm putting out
18:36:54  there to this team that if we don't have an
18:36:57  extension we don't have any opportunity to
18:36:59  pursue closing the deal, solving all
18:37:02  of the issues.
None of the
18:37:04  factors that you mentioned were
18:37:06  getting in the way of coming to closure and
18:37:08  breaking ground.
We had resolved a
18:37:10  whole lot of that stuff.
It
18:37:12  took a while but we
18:37:14  got there.
And as
18:37:16  Jeana described, home
18:37:19  ownership in these condo projects are
18:37:21  harder to do.
There's no doubt about it.
18:37:23 
And I think several of you mentioned just
18:37:25  how critically important it is and how much of a game
18:37:28  changer it is to families.
18:37:30 
So is it easy or will
18:37:32  it be to close this deal?
Not 
18:37:34 easy.
But I think we can get 
18:37:36 there.
And I'm hoping that with the
18:37:39  time that we have and the pandemic
18:37:41  kind of playing itself out, we can get to the
18:37:43  heart of what could really help us close
18:37:45  this and
18:37:47  I do think there are entities out
18:37:49  there that are really more engaged in
18:37:53  what they can do to effect black
18:37:55  families in Portland in a different kind
18:37:57  of way.
I think the environment has changed in a
18:37:59  positive way in that sense.
So we're going to
18:38:01  keep our nose to the grindstone and keep
18:38:03  working our hearts out to make this
18:38:05  project work so that we can celebrate following
18:38:07  up with Steve's and other
18:38:11  projects and all of the wonderful work
18:38:13  that's been done so we can achieve the goals of the
18:38:15  preference
18:38:18  policy in
18:38:21  north northeast Portland.
>> It would be
18:38:23  great to know what the plans are before
18:38:25  the plan is extended
18:38:27  through the end of the year.
Reading
18:38:29  the documentation that was
18:38:31  provided I can't
18:38:35  help but be concerned for Proud
18:38:37  Ground and for the project and I don't know
18:38:40  what the
18:38:42  committee can do to help get that to an
18:38:44  answer.
18:38:48 
Because the answer might be there's
18:38:50  a gap between what everybody's deal
18:38:52  breaker is and that's an answer.
18:38:54 
It's not the answer that we want
18:38:57  obviously but it is an
18:38:59  answer.
So whatever can happen to
18:39:01  bring all of that together would just be
18:39:03  great to know what's been happening.
Because
18:39:05  I know
18:39:07  you said you went to, let's
18:39:09  see, I wrote it down.
>> Let
18:39:11  me be clear, 
18:39:13 Jilian.
Sorry to interrupt, but let me be 
18:39:15 clear.
All of the other
18:39:18  funding partners automatically gave
18:39:22  us an extension through the end of the
18:39:25  year.
OHCS
18:39:27  $1.6 million, not a hesitation.
All
18:39:29  good.
No problem.
So all of
18:39:32  that, the funding partners we contacted
18:39:34  right away and there was just not a
18:39:36  single hesitation.
18:39:38 
I understand that PHB has a lot
18:39:40  in this project and I think what we need
18:39:42  from the committee is really to support our
18:39:44  efforts to get to a yes to the 
18:39:46 extent possible.
We'll do our
18:39:48  best to get there but we need your
18:39:50  support in the time it will take and see how the
18:39:52  pandemic runs out.
It's just
18:39:55  a lot of people have been
18:39:58  effected by Covid-19.
It hit
18:40:00  us at a very critical point in time and
18:40:02  we just have to
18:40:05  persevere and persist and get the job
18:40:08  done.
>> Thank you, 
18:40:10 Jilian.
>> My concern is looking at the requirements
18:40:12  and the LOI that was sent out and then
18:40:14  looking at the letter from the
18:40:16  bank that it's likely to be more 
18:40:18 restrictive later in the year.
And I guess
18:40:20  maybe I'm a little more
18:40:22  pessimistic about where we're going
18:40:25  to be in December with the Covid crisis.
I'm already
18:40:27  planning for distance
18:40:30  learning in the fall.
I just
18:40:33  think that's where
18:40:36  we're going to be.
And I just, I would feel
18:40:38  a lot more
18:40:40  comfortable if there was a plan on how to move the
18:40:43  needle on
18:40:47  getting to construction.
I
18:40:50  assume that you're going to need an
18:40:53  appraisal as well?
>> A complete
18:40:55  appraisal has already been
18:40:57  done.
All of the legal
18:41:00  docs are almost completed
18:41:02  to the 99th percentile.
So there is a
18:41:04  plan and we need people with your level of
18:41:06  expertise to help us get there so we can
18:41:08  celebrate a win.
And if it's not in the
18:41:10  cards we'll cope with that.
But I think it's
18:41:12  incumbent upon all of us to push through and
18:41:14  get this kind
18:41:17  of project on the ground.
>> Thanks,
18:41:19  Jilian.
I'm going to have to
18:41:22  ask
18:41:24  you to hold.
Dr. 
18:41:26 Bates, you had a hand up.
>> Thank you.
18:41:29 
My question is really for director 
18:41:31 Callahan.
I'm trying to
18:41:33  be mindful of
18:41:35  our
18:41:39  status here which is that we are not
18:41:41  the funding committee, we're not
18:41:44  the
18:41:46  aprover of, as I understand it you're not asking us
18:41:49  to approve or not approve this 
18:41:51 plan, you're apprising us of it
18:41:53  and hearing our thoughts about it.
But
18:41:55  we were not the committee that, the oversight committee is not
18:41:57  the committee that chose to fund the
18:41:59  project, we're not the committee that
18:42:02  chooses to fund any project because that's not our 
18:42:04 role.
So I am trying to
18:42:06  clarify in my mind what
18:42:08  it is that
18:42:10  we are being asked right now.
18:42:14 
If we are being asked to like 
18:42:17 thumb's up your proposal to move
18:42:20  to the end of the year, I am very
18:42:22  confused about what
18:42:25  our role would be in the project
18:42:28  like in anything with heritage bank,
18:42:30  I don't know what I have to say to them at
18:42:32  all as a committee member.
So I'm seeking
18:42:35  clarity on what it is
18:42:37  we're being asked actually to say or do at this
18:42:39  moment.
>> Thank you, Dr.
18:42:41  Bates.
I think it is reasonable to
18:42:43  give the project some time
18:42:47  to see if it can pull out of the situation
18:42:50  that it finds itself
18:42:52  in with the
18:42:54  construction loan.
There is not a lot of other
18:42:57  opportunities that we have seen prior to 
18:42:59 this.
I will say that heritage
18:43:01  was one of the only
18:43:03  banks that was willing to
18:43:05  and my understanding of the
18:43:07  project even entertain the project.
As you know the
18:43:10  housing bureau already had to borrow against future
18:43:13  resources to be able to
18:43:15  fund a portion of the construction project to try
18:43:17  to get the construction loan to get it off
18:43:19  the ground.
And then once again we
18:43:21  put in an additional million dollars
18:43:24  to try to buy
18:43:26  down what we were seeing especially after
18:43:28  the homeowners association dues
18:43:30  were apparent.
So I do think
18:43:32  it is a reasonable time for us to consider
18:43:35  by the end of the year.
I want to be
18:43:37  very clear though, we need to
18:43:39  come up with another
18:43:41  plan if not 5020.
Our
18:43:43  commitment to this community
18:43:45  was regarding
18:43:48  home ownership and I think that that time
18:43:50  feels reasonable to see if the project
18:43:52  can make it.
And if 
18:43:54 not, it also feels like a reasonable amount of
18:43:57  time to give our team to discuss
18:44:00  and bring you options for
18:44:02  what happens after that.
And as much as
18:44:04  I'd like to say I will
18:44:07  control what happens in the economy or
18:44:09  with the banking industry, but I wanted to give you
18:44:11  all of the courtesy before I raised that.
18:44:13 
Frankly if this committee
18:44:15  had said absolutely no way, pause
18:44:17  this project now, it is dead as
18:44:21  a 
18:44:23 doornail, I may make a different decision.
I have not 
18:44:25 extended the reservation of funds but I wanted to
18:44:27  make sure that you heard what was going on
18:44:29  with the project, had a chance to weigh in before I
18:44:31  made that extension.
And
18:44:33  I do appreciate what Diane
18:44:35  is saying about the other funders.
The other
18:44:38  funders do not have the commitment
18:44:40  to the project that we have from the
18:44:42  very beginning and the commitment to the community that we made.
18:44:44 
And Frankly it's
18:44:46  property that is the housing bureau's property for the
18:44:48  benefit of the community.
So I did feel
18:44:50  I needed to take
18:44:53  extra steps with the amount of money and I felt like
18:44:55  I needed to come
18:44:57  and talk to this committee and have you hear this
18:44:59  and see what the informs was
18:45:01  directly from the bank.
So I'm asking for you to
18:45:03  share your opinion, I don't know that I'm
18:45:06  asking you to tell me what to do with the
18:45:09  reservation of funds.
I
18:45:12  do think giving until the
18:45:14  end of the year is reasonable.
And
18:45:17  Frankly right now we don't have
18:45:19  another plan for the property or for the use of the 
18:45:21 funds.
But I think by
18:45:23  the end of the year we could.
>> I just would
18:45:25  love to see, again respecting that this is
18:45:27  not, we're not really the deciders 
18:45:30 here, I would
18:45:32  love to see
18:45:34  an actual decision flowchart
18:45:36  and timeline
18:45:38  that is very concrete for path A, path
18:45:40  B, path
18:45:42  C.
So I agree there's no
18:45:44  other concept for the site right
18:45:46  now so at what date
18:45:49  does a concept plan begin to be
18:45:51  formulated around an alternative.
18:45:54 
At what date is it
18:45:57  a if we are not
18:45:59  at point
18:46:01  D by month this, this is the next step that we're
18:46:04  taking.
Like there's got to be some
18:46:07  kind of decision tree here that has very
18:46:10  clear timelines otherwise you
18:46:14  know, there's a lot of this work that's
18:46:16  been challenging since the very beginning of this
18:46:18  committee.
And
18:46:20  we are often asked to add more, extend
18:46:22  more, wait more, and we
18:46:25  always come up to that time
18:46:27  period and go okay, we sort of
18:46:29  softly let it roll forward and I think
18:46:32  that we need
18:46:34  a very
18:46:37  clear timeline here.
In my view to be
18:46:39  honest when
18:46:43  this came up was end
18:46:45  it and say bye.
Because I think we are
18:46:47  in extremely uncertain times
18:46:50  economically.
And 
18:46:53 frankly I understand that this project is complicated, new,
18:46:55  and innovative.
I think
18:46:57  that black folks have been
18:46:59  innovated out enough in the sphere of housing and
18:47:01  urban development.
As an urban planner,
18:47:03  as a person who knows well
18:47:05  this history.
I think there's been plenty
18:47:08  of innovation.
And so at some
18:47:10  point the desire for any organization to do a
18:47:12  new and
18:47:14  unique thing to them to try something for the very
18:47:16  first time and create a new model that is not really
18:47:19  a model that is like by and
18:47:21  for black people per se, it's not
18:47:23  like this is the black community in created
18:47:25  concept, it's much less interesting to me
18:47:28  than getting the goal
18:47:31  accomplished.
And I think you know
18:47:33  in economics we talk about a concept
18:47:36  of the sum cost.
And
18:47:37  I understand that there's money that's gone into
18:47:39  the thing and there has to be a timeline
18:47:42  that says that money is gone, we don't get
18:47:44  it back.
But that doesn't
18:47:46  weigh against our decision to move forward with something
18:47:48  else.
So I'm respecting that I'm not the
18:47:50  decider of this rule.
But I would like to
18:47:52  see a very clear decision
18:47:55  tree with a timeline that
18:47:57  allows actually for someone to come up with a different
18:47:59  concept so that we don't have the same conversation
18:48:01  again in December and go oh, we
18:48:03  still don't have another concept, we
18:48:05  don't have another thing to do because I think this
18:48:07  opportunity is way, way, way
18:48:10  too important.
And I don't,
18:48:13  the specific opportunity
18:48:15  of any particular organization doing a very
18:48:17  specific thing is less interesting to me
18:48:19  than the actual outcome.
So
18:48:21  if that outcome isn't going to manifest, we need to
18:48:23  figure out a way to move 
18:48:25 forward.
>> I hear you and we'll
18:48:27  make a commitment
18:48:29  to do that before the
18:48:31  extension.
Thank you, Dr. 
18:48:34 Bates.
>> Thank you, Dr.
18:48:37  Bates.
John Washington.
>> Dr.
18:48:40  Bates stole the thoughts out of
18:48:42  my head.
I was going to ask the same
18:48:44  question, but it's all good.
I got my
18:48:46  answer.
Thank you.
>> Thank you
18:48:48  very much.
In the other voices?
>> Sorry.
I
18:48:50  just wanted to ask would it be possible
18:48:52  to have that decision tree and timeline before
18:48:54  the expiration date
18:48:56  comes out?
>> Why don't we bring you a
18:48:58  decision tree and timeline at your next
18:49:00  meeting and
18:49:03  what I would propose is before the
18:49:06  expiration at the end of this
18:49:08  year that
18:49:10  we bring you another alternative.
But let's bring
18:49:12  you that decision tree at your next
18:49:14  meeting.
>> That would be great, thank you.
>> That will be in
18:49:18  September.
Thank you very much.
I
18:49:20  merely echo what
18:49:23  we've all talked about.
Quite a
18:49:25  bit of work and energy has gone into 
18:49:27 it.
My hope is that
18:49:29  we'll be able to push it over into 
18:49:31 success.
The goal is always
18:49:34  to empower as many families
18:49:36  as possible to move into home ownership.
That's why we
18:49:38  sit in this seat, that's why we do this 
18:49:40 work, that's why we ask the questions and engage
18:49:43  like we do.
The ultimate commitment
18:49:45  and this is important for me to 
18:49:47 say, the ultimate commitment from my
18:49:50  perspective is getting black people
18:49:52  into a position, people who have been historically
18:49:54  harmed, the majority of folks who have
18:49:56  been historically harmed in
18:49:59  North/Northeast Portland into a position
18:50:01  of being successful for future
18:50:03  generations.
18:50:06 
That's what my commitment is
18:50:08  in the project and more in the process is that we hit
18:50:10  the goals.
So that is not personal,
18:50:12  it's never personal, not from my
18:50:14  perspective about who is doing the work or
18:50:20  whatever entity.
We've gotten times where it's
18:50:22  gotten energized in our 
18:50:24 meetings, it's never personal.
18:50:26 
It's not about who it is, it's about accomplishing
18:50:29  a goal as I'm sure you're all committed to
18:50:31  that.
Thanks everybody for the work you've done.
Thank you for the
18:50:34  investment in this space.
Not easy to do and
18:50:36  not easy to create.
We
18:50:38  recognize that which is
18:50:40  also why we have
18:50:42  historically invested the opportunity and the extra funding
18:50:44  to help push this thing forward.
So
18:50:47  I hope you
18:50:50  feel that from the heart.
All of the 
18:50:52 presenters, I hope you hear that from the
18:50:54  heart that our goal is
18:50:57  never to go after you
18:50:59  personally or your entity
18:51:01  personally.
It is always
18:51:04  about moving
18:51:06  into our commitment to see families 
18:51:09 benefitted.
All right.
18:51:13 
Jilian, any update
18:51:16  from the Williams and Russell
18:51:18  project?
>> Not a ton of 
18:51:20 updates.
I was not at the last meeting but I
18:51:22  do know that
18:51:24  we had received several replies to our
18:51:26  requests for interests and
18:51:29  those are being reviewed by the
18:51:33  committee and the
18:51:36  subcommittee.
It was nice
18:51:38  to see that although there were
18:51:41  some requests or responses that were
18:51:42  interested in the whole project.
There were also
18:51:46  some responses that were from smaller
18:51:48  organizations that were interested in participating and hopefully
18:51:51  we'll be able to,
18:51:53  we can, I'm hoping
18:51:56  that the Williams and
18:51:58  Russell working group can
18:52:01  match make a
18:52:03  little bit with some of those 
18:52:05 organizations.
The RFP I think
18:52:07  is scheduled to come out in September if I'm not
18:52:10  mistaken.
And then we'll be looking and
18:52:12  reviewing for
18:52:15  developers and ideas for the 1.7
18:52:17  acre site.
>> I'll
18:52:20  just add a little --
>> Let me
18:52:22  contextualize for those who are new to the
18:52:28  committee I want to say this or
18:52:30  Jilian, why don't you
18:52:33  contextualize since you are the
18:52:35  representative from the oversight committee.
>> I was asked
18:52:37  to represent the oversight
18:52:40  committee on the Williams Russell project working group.
18:52:43 
And it is
18:52:45  a 1.7 acre parcel
18:52:48  that was previously taken by
18:52:51  imminent domain by the city
18:52:53  for
18:52:57  expansion of
18:52:59  manual hospital expansion
18:53:01  legacy.
And it still
18:53:03  sits empty
18:53:05  today.
So between
18:53:07  Prosper and Legacy and the city of Portland
18:53:09  they negotiated to give the
18:53:11  land back for the benefit of the black community
18:53:13  in Portland.
18:53:17 
And that working group has been working really
18:53:20  hard on determining what
18:53:22  exactly does benefit the black community mean and what
18:53:24  building should go there and what
18:53:27  should the programming be,
18:53:29  et cetera.
And so over and over again
18:53:31  the top priority
18:53:34  has been housing and education.
Those always
18:53:36  come up on every survey we
18:53:38  do as the
18:53:42  top priorities as well as community space,
18:53:44  meeting space.
So that will be I'm sure part of
18:53:46  our RFP.
18:53:48 
And
18:53:52  the committee has I think 15
18:53:54  members, 16 members and some represent the
18:53:56  community at large and
18:53:59  some like myself
18:54:02  represent another group.
So
18:54:04  Leslie is there and Dr. 
18:54:06 Holt is also
18:54:08  the
18:54:11  chair of that committee
18:54:14  or the
18:54:16  -- for that 
18:54:18 committee.
It's been I think just over two years that
18:54:20  we've been 
18:54:25 meeting.
So we hope to have some interested
18:54:27  developers before the end of the 
18:54:29 year.
It will be exciting to see
18:54:31  that.
>> I was just going to speak to the 
18:54:34 RFP.
We do
18:54:36  have a draft.
And we're working on 
18:54:39 that.
And we do hope to have
18:54:43  the RFP out early 
18:54:45 fall.
18:54:47 
We did have
18:54:49  ten respondents, actually we had
18:54:52  20 respondents but ten of them decided to
18:54:54  wait for the RFP.
As
18:54:57  Jilian said some had full
18:54:59  teams that were already ready to go with a
18:55:03  project in mind and others were
18:55:05  wanting to join another team.
So those
18:55:07  of you that are part of organizations
18:55:10  if you are interested, the
18:55:13  RFP will be out no later
18:55:15  than the end of September.
18:55:17 
I'll say that.
>>
18:55:19  It's really exciting.
>> Thank 
18:55:21 you, 
18:55:23 Jilian, for the update.
Any comments or 
18:55:28 questions, oversight committee?
18:55:31 
All right.
Our last item on our
18:55:33  agenda for the day is an
18:55:35  update on the 
18:55:38 I-5 project from 
18:55:40 Marlon Holmes.
There's really not a lot to
18:55:42  talk to, it's going smoothly.
18:55:44 
There are no glitches or
18:55:47  issues.
It's just right on
18:55:52  track.
Marlon.
>> Sorry, I had to change
18:55:54  rooms.
My 3-year-old
18:55:58  is playing with his
18:56:01  games.
So current update is
18:56:02  we are still formulating
18:56:05  the mission
18:56:08  and goals of the committee.
18:56:10 
Recently, I don't know if folks have heard
18:56:13  the
18:56:16  news, I believe the
18:56:18  organization
18:56:22  -- has withdrawn their support for the project.
18:56:24 
And in so doing it's caused
18:56:28  not a backlash but the mayor
18:56:30  has also pulled his support and
18:56:32  some other
18:56:35  figures in the community.
However the vision is still
18:56:37  being built by the folks
18:56:42  who are still part of the committee
18:56:45  and the project is going to move forward.
18:56:47 
It's a state funded project coming from
18:56:49  Salem.
And so we are working
18:56:52  diligently to try
18:56:54  to create the vision that everyone
18:56:56  is asking for.
18:56:59 
So although we would have appreciated
18:57:01  if voices stayed involved,
18:57:03  some folks felt they
18:57:07  needed to remove themselves from
18:57:10  the current happenings.
With that
18:57:12  being said, we're still, it's still in the very
18:57:16  early stages.
Nothing has been
18:57:18  fully developed other than we're still working on the
18:57:20  missions, the goals, and the
18:57:22  vision of the project and also
18:57:25  taking into account what the committee wants
18:57:27  and what voices have been
18:57:31  saying about the project which is folks are
18:57:33  feeling there's a need to do
18:57:35  an
18:57:38  environmental study, a full
18:57:40  environmental study that hasn't been
18:57:42  conducted by ODOT.
So
18:57:44  that is one of the major asks
18:57:46  currently.
And I do not believe that 
18:57:49 ODOT will push forward without making that 
18:57:51 happen.
So that is where we are currently.
And
18:57:53  if I've left anything out, Dr. 
18:57:56 Holt, please fill in.
>> I appreciate
18:58:01  it.
Thank you very much.
You spoke to the
18:58:03  values that are going to drive the work.
And the
18:58:05  first value, the top value
18:58:07  that will influence all of the others is
18:58:09  restorative justice.
So
18:58:12  restorative justice which is still
18:58:14  to be completely
18:58:16  defined will drive the going work of the
18:58:19  project.
You mentioned those
18:58:21  who had pulled out.
At this point
18:58:24  Metro is still 
18:58:26 involved, Tri-Met.
We have three
18:58:28  representatives from the various communities,
18:58:31  Marlon Holmes from this community
18:58:33  is involved.
And then we have Dr.
18:58:38  Romano who is a
18:58:40  part.
And then 
18:58:43 Bryson Davis who's also involved in the 
18:58:47 work.
So the effort has been as
18:58:49  collaborative and cohesive as possible tying
18:58:51  together the work that's happening in
18:58:55  North/Northeast Portland and to
18:58:58  attempt to make sure there's a sense
18:59:00  of seamlessness
18:59:02  and seizing of opportunity
18:59:06  for the benefit of the whole.
More to 
18:59:08 come.
Every day has
18:59:13  its own new level of
18:59:15  evolution.
But there's much going
18:59:17  on.
So any questions from the oversight
18:59:19  committee in regard
18:59:22  to the I-5
18:59:25  corridor
18:59:30  updates?
18:59:32 
Sorry, say that again.
>> When was that 
18:59:34 I-5 project
18:59:37  supposed to start?
>> Are you
18:59:39  talking about
18:59:42  breaking ground
18:59:45  or --
>> Yeah actual
18:59:47  breaking ground for 
18:59:49 '21, '22?
>> Yes, the intention
18:59:51  was they're at 15% design at this
18:59:54  moment.
And I don't remember the
18:59:56  exact date
18:59:59  for shovels in the
19:00:01  ground, but nothing will be done without
19:00:04  continued robust community involvement.
19:00:09 
Yesterday was a meet the
19:00:13  primes event, the two
19:00:16  primes presented yesterday.
And the selection
19:00:18  process was involved today.
I believe the announcement
19:00:21  will happen, is
19:00:23  it tomorrow, 
19:00:25 Jeana, or is it Monday that the
19:00:27  announcement will 
19:00:30 happen?
>> We weren't informed when it would
19:00:32  happen.
>> Okay.
Well I
19:00:34  know the announcement will be happening real
19:00:37  soon.
The primes that are
19:00:39  the two
19:00:41  finalists, both groups just a great presentation yesterday
19:00:43  for those of you that didn't get
19:00:45  a chance to see it,
19:00:47  I was there.
The reason
19:00:49  I asked Jeana is because she's part of
19:00:51  a team that presented.
And I think both
19:00:53  teams could do amazing work and I look
19:00:55  forward to working with whoever that
19:00:58  will be.
We'll keep this committee updated
19:01:01  as it goes forward with
19:01:03  all of the specifics and
19:01:06  particulars.
Any other questions from 
19:01:11 oversight committee members?
19:01:13 
All right.
Thank 
19:01:15 you.
Well our next meeting
19:01:17  is
19:01:20  scheduled for September 10th.
And
19:01:22  if we are still in this format we
19:01:24  will not
19:01:27  be meeting at 7:00 p.m., we will meet
19:01:29  again at 5:00 p.m. as we did 
19:01:31 today.
I trust that will work
19:01:34  for everyone's schedule.
For those who
19:01:36  participated today as I began, let
19:01:39  me close with this is a meeting that is open to the
19:01:41  public, it is not a public meeting.
19:01:43 
Which means that the public has
19:01:45  the opportunity to sit in, listen
19:01:47  in, and watch what is happening
19:01:49  with the work of the oversight 
19:01:51 committee.
And it is driven by the
19:01:53  work of the oversight committee is driven
19:01:55  by the commitments and the values as
19:01:58  espoused
19:02:01  by the oversight committee to
19:02:03  find information on Portland Housing
19:02:06  Bureau's website what our task
19:02:09  and responsibilities are.
Also in our
19:02:12  meetings we follow pretty
19:02:14  close to the agenda and the agenda
19:02:16  topics that are 
19:02:18 outlined and all of your comments
19:02:20  are more than welcome.
So going forward you
19:02:22  can place your
19:02:24  comments in the chat section, your 
19:02:26 questions, and as we have
19:02:28  opportunity to answer and respond to them, we will
19:02:30  do so.
However if there are questions
19:02:33  and there usually
19:02:35  are, concerns, and/or thoughts beyond
19:02:37  the scope of this work
19:02:40  and/or as this work goes forward, there are
19:02:42  two things I would like you to 
19:02:46 do.
Please email the Portland
19:02:50  Housing
19:02:52  Bureau and identify
19:02:54  your question and those things that
19:02:56  pertain to the oversight committee itself are then
19:02:58  directed at us and we then can respond
19:03:00  to it.
Your voice is important.
We
19:03:03  want to make sure again
19:03:05  this work is accountable
19:03:07  and transparent.
Our commitment as
19:03:09  I said earlier is to make
19:03:11  sure that we are helping to create
19:03:13  affordable housing and affordable housing
19:03:15  opportunities for those who have been 
19:03:17 displaced, 
19:03:21 impacted, gentrified, I want
19:03:23  to make sure that this is real work
19:03:25  and helping
19:03:28  families for the long term.
If
19:03:30  there's any other comment from the oversight committee before I
19:03:33  close,
19:03:36  here's your opportunity to do so.
Thanks
19:03:38  everybody for being a part, I appreciate
19:03:40  your work, your effort, and your