[Captioner] 09:37:20 and encouraged to reach out directly to the Portland Housing Bureau [Captioner] 09:37:24 and interact with PHB [Captioner] 09:37:27 staff. Normally PHB staff ask us to [Captioner] 09:37:30 turn on our cameras and wave so that people can [Captioner] 09:37:33 identify who you are, so I'll give you a moment just to do [Captioner] 09:37:37 that, all PHB staff [Captioner] 09:37:43 identify yourselves. [Captioner] 09:37:48 Thank you very much. You can reach out to them directly if [Captioner] 09:37:51 you have questions for the Portland Housing Bureau. We [Captioner] 09:37:55 will do roll call, and then [Captioner] 09:37:58 we'll go into our, the approval of our minutes. So [Captioner] 09:38:03 I will begin with the [Captioner] 09:38:08 Bond Oversight Committee Member who is in person, [Captioner] 09:38:13 Analise. >> Oversight committee [Captioner] 09:38:16 member. >> Good morning. [Captioner] 09:38:19 Allan Lazo. >> Good morning, Allan [Captioner] 09:38:23 Lazo, he/him pronouns, committee member and [Captioner] 09:38:26 excuse myself, I have [Captioner] 09:38:29 to leave after about after 10:00 after the business portion of the [Captioner] 09:38:32 meeting. >> [Captioner] 09:38:37 Thank you very much. And Todd Strule? >> Good morning, he/him [Captioner] 09:38:40 pronouns and Bond Oversight Committee. [Captioner] 09:38:44 Thanks. >> Thank you. [Captioner] 09:38:47 Hopefully the bond oversight committee had an opportunity to look [Captioner] 09:38:50 at minutes from the last meeting [Captioner] 09:38:57 and provide an opportunity to comment or question and if not, if [Captioner] 09:39:01 someone could make a motion to approve them as recorded. >> [Captioner] 09:39:03 I'll so move. >> Excellent. So moved. [Captioner] 09:39:07 Can we get a second in >> Second. [Captioner] 09:39:12 >> Perfect. Moved and seconded. All in favor, we will say aye and [Captioner] 09:39:16 I will call you by name, beginning with Todd. >> Aye. [Captioner] 09:39:18 >> Allan? >> Aye. [Captioner] 09:39:21 >> Analise? [Captioner] 09:39:24 >> Aye. >> Excellent, minutes moved, [Captioner] 09:39:28 approved for the last [Captioner] 09:39:31 Bond Oversight Committee meeting. Now is the opportunity [Captioner] 09:39:34 for public testimony. The request is that you keep the [Captioner] 09:39:38 comments directed to the responsibility of the [Captioner] 09:39:41 Bond Oversight Committee. If there are things that [Captioner] 09:39:44 are outside the specific responsibility of the BOC, [Captioner] 09:39:47 that you would then direct those to the [Captioner] 09:39:52 appropriate people in Portland Housing Bureau. [Captioner] 09:39:56 Do we have any public testimony [Captioner] 09:40:00 this morning? Go to my assistant. [Captioner] 09:40:13 Hearing none, we will then move forward in [Captioner] 09:40:17 our agenda for some general project [Captioner] 09:40:20 updates and some project [Captioner] 09:40:23 milestones. I believe it's [Captioner] 09:40:26 Jill and then [Captioner] 09:40:30 Angel. Jill? >> Thank you, Dr. Holt, [Captioner] 09:40:34 for the record, I'm Jill, housing [Captioner] 09:40:37 manager, I use she/her [Captioner] 09:40:43 pronouns and as you saw on [Captioner] 09:40:46 the update [Captioner] 09:40:49 charts, we are very close to getting all of our projects in [Captioner] 09:40:53 construction. There's only one project [Captioner] 09:40:58 left, which is Hollywood Hub that we discussed with [Captioner] 09:41:01 at the last [Captioner] 09:41:05 meeting. [ Indiscernible ] it is [Captioner] 09:41:08 targeted to improve -- >> I hate to interrupt you, pardon me, [Captioner] 09:41:11 I'm so sorry. Two problems, from my end, and I don't know if [Captioner] 09:41:15 it's for everyone else, the [Captioner] 09:41:19 audio is a little garbled and I need you to project [Captioner] 09:41:22 a little more, like with the [Captioner] 09:41:25 outside voice. >> [Captioner] 09:41:30 Is this better? >> Oh, much. >> Is this better? [Captioner] 09:41:33 Sounds so loud for me. Sorry about [Captioner] 09:41:38 that. Okay. So the good part [Captioner] 09:41:42 is that we only have Hollywood Hub left. That was [Captioner] 09:41:45 the project that was swapped out that we discussed at [Captioner] 09:41:52 the last quarter with the apartments and it is closing in mid [Captioner] 09:41:55 2024. I also wanted to show [Captioner] 09:42:02 you the dashboard. In the dashboard there are a few [Captioner] 09:42:06 reds, which means the changes, and I did want to say that we [Captioner] 09:42:10 are very pleased that Francis and [Captioner] 09:42:13 Clare just closed about end of last week, end of [Captioner] 09:42:17 June, so that was just closed. [Captioner] 09:42:22 That's 100% with [Captioner] 09:42:26 Catholic charities and [ indiscernible ]. So [Captioner] 09:42:29 you'll see in the big dashboard a number of [Captioner] 09:42:32 items that's changed, those are [Captioner] 09:42:36 highlighted in red. [Captioner] 09:42:39 Some of the things we noted [Captioner] 09:42:43 last time as well is that Hollywood Hub has a number [Captioner] 09:42:47 of other [Captioner] 09:42:50 financing, this includes funds for [Captioner] 09:42:54 $10 million as well as metro bonds. Hollywood Hub will be [Captioner] 09:42:57 the only project that [Captioner] 09:43:00 has both metro bond funds as well as [Captioner] 09:43:04 Portland Housing funds so it will close out all of [Captioner] 09:43:07 our bonds. Going down the list, you'll see [Captioner] 09:43:11 there's also some red [Captioner] 09:43:15 along The Starlight, because many [Captioner] 09:43:18 of the construction [Captioner] 09:43:22 and inspection in order to reach certificate of occupancy has been delayed. [Captioner] 09:43:25 Some of this is related to inspection, some of this [Captioner] 09:43:29 is related to [Captioner] 09:43:33 elevators, so it's a number of issues that we've [Captioner] 09:43:37 seen in our construction. But the good news is a [Captioner] 09:43:40 number of them are also open, [Captioner] 09:43:43 so we go [Captioner] 09:43:48 to the next slide. As mentioned, we are still seeing [Captioner] 09:43:51 some predevelopment risk. There's some construction risk and [Captioner] 09:43:55 delays. There's also some operational issues [Captioner] 09:43:59 that we're seeing related to property [Captioner] 09:44:02 management from supportive housing and [Captioner] 09:44:06 inflationary costs. So those are all [Captioner] 09:44:09 project-related issues that I [Captioner] 09:44:12 wanted to raise and make sure that Bond Oversight Committee [Captioner] 09:44:15 is aware of. Other things [Captioner] 09:44:20 for us as an organization to think about is also the passage of the [Captioner] 09:44:27 housing budget and the need for state and local resources. [Captioner] 09:44:31 The state legislature passed its '23 to [Captioner] 09:44:34 '25 budget and I wanted to make sure that as [Captioner] 09:44:37 the Bureau is [Captioner] 09:44:40 moving forward without you call it [ indiscernible ] in [Captioner] 09:44:43 our developments where we are call it [Captioner] 09:44:47 aligned with the state, this is State House [Captioner] 09:44:51 $604 million in affordable housing development funds, [Captioner] 09:44:55 especially for LIFT and PSH, another [Captioner] 09:44:58 $is amillion [Captioner] 09:45:03 in preservation. [Captioner] 09:45:08 They have 72 in other services and truncated transitional [Captioner] 09:45:11 housing, so these are some areas we're going to be working with the [Captioner] 09:45:15 state to see how we align better [Captioner] 09:45:23 some of our programs and investments and the final housing cost is how [Captioner] 09:45:27 we're going to be closing out state [Captioner] 09:45:30 housing [Captioner] 09:45:34 bonds and moving forward discussions with you all in terms of [Captioner] 09:45:41 construction and also in terms of the demographics of those buildings. Next [Captioner] 09:45:47 slide, please. This is just a recap of [Captioner] 09:45:53 the 2022 portland Housing Bond openings, [Captioner] 09:45:56 that was five projects, a number of new houses and a [Captioner] 09:46:01 number of you went to a few of these [Captioner] 09:46:05 openings. So they are very, very pleased to have so [Captioner] 09:46:08 many of them open. Next [Captioner] 09:46:12 slide, please. Since then, we have had a [Captioner] 09:46:17 number of other projects opening [Captioner] 09:46:20 up, and this place one building [Captioner] 09:46:23 has opened. Aurora is in the process [Captioner] 09:46:26 of leasing [Captioner] 09:46:30 up. Anna Mann is three buildings and one of them is also in the [Captioner] 09:46:33 process of lease-up, and The Joyce [Captioner] 09:46:37 just opened also end of June, and that's [Captioner] 09:46:40 another 100% PSH building. [Captioner] 09:46:43 We will hear from [Captioner] 09:46:47 the sponsors [Captioner] 09:46:51 later this morning. Next [Captioner] 09:46:54 slide, please. Looking forward, the remaining projects [Captioner] 09:46:58 for '24 to [Captioner] 09:47:01 '26, 3000 Powell, that is [Captioner] 09:47:04 targeted to open the second [Captioner] 09:47:09 quarter of 2024. Francis and [Captioner] 09:47:13 Clare is targeted to open in third [Captioner] 09:47:18 quarter of 2024 and Alder [Captioner] 09:47:22 9 fourth quarter and Hollywood Hub a slight delay, 2026. This [Captioner] 09:47:25 is one of the largest projects PHB has ever done [Captioner] 09:47:28 and it's a complicated site, right [Captioner] 09:47:31 off of the Hollywood [Captioner] 09:47:35 Center. I think that is it for our project [Captioner] 09:47:38 summaries. [Captioner] 09:47:42 Angel? >> Before Angel gives us his update, [Captioner] 09:47:45 Jill, if we could give a moment for any question and/or [Captioner] 09:47:48 comment from the Oversight Committee? [Captioner] 09:47:53 I'll call by name. Analise any comment or [Captioner] 09:47:56 question? >> None from me, thank you. >> Absolutely, thank you. [Captioner] 09:47:59 Todd, comment, question? >> None from me, thank you. [Captioner] 09:48:02 >> Absolutely. Allan, comment, question? [Captioner] 09:48:05 >> Thanks, Dr. Holt. Yeah, I got a [Captioner] 09:48:08 couple questions, Jill. One is, on your slide [Captioner] 09:48:12 kind of about considerations there, I'm [Captioner] 09:48:15 assuming that the top one there around continued [Captioner] 09:48:18 predevelopment risk, that only applies at this point to [Captioner] 09:48:21 Hollywood Hub, correct? And as you said, it's an [Captioner] 09:48:25 incredibly complicated project, given the site [Captioner] 09:48:28 and scale. >> That is correct, Allan. [Captioner] 09:48:32 It is only related to Hollywood Hub, and what we're seeing, [Captioner] 09:48:35 for example, on [Captioner] 09:48:38 Hollywood Hub is that [Captioner] 09:48:42 costs continue to rise and interest during construction [Captioner] 09:48:45 is affecting Hollywood Hub, but also the [Captioner] 09:48:48 existing projects that are in [Captioner] 09:48:52 construction, because interest rates [Captioner] 09:48:56 for construction levels are floating and we all know interest rates have been rising, so one of [Captioner] 09:48:59 the issues have been with [Captioner] 09:49:03 the rise in interest during construction, some of our [Captioner] 09:49:06 developers are constrained because they have no [Captioner] 09:49:10 additional funding [ indiscernible ]. >> Interesting, okay. That might [Captioner] 09:49:14 play into the other one on here, where you talked about for the alignment [Captioner] 09:49:18 of resources. So is the call for [Captioner] 09:49:21 alignment there, is that also only related to Hollywood Hub [Captioner] 09:49:25 and the need for that particular project to kind of [Captioner] 09:49:29 complete their stack? Because the other ones all have [Captioner] 09:49:32 their funding stacks completed, right, or are there [Captioner] 09:49:35 risks that they might not have funding [Captioner] 09:49:38 because the state may not be aligned with some of these [Captioner] 09:49:43 priorities? >> The alignment of resources for [Captioner] 09:49:46 the bond project is only related to Hollywood Hub. >> [Captioner] 09:49:49 Okay. >> And we are working with [Captioner] 09:49:52 the state to also get Hollywood Hub [Captioner] 09:49:56 its private activity bonds, so that [Captioner] 09:49:59 they can get the local housing [Captioner] 09:50:03 tax credits, and not related to [Captioner] 09:50:07 your work, but with the [Captioner] 09:50:10 other projects that are in [ indiscernible ] as well as the other projects [Captioner] 09:50:13 that we know about from our partners, our [Captioner] 09:50:17 development partners, many of them are hoping [Captioner] 09:50:20 to have [Captioner] 09:50:24 a greater share of [Captioner] 09:50:27 the state's funds. >> And Hollywood Hub [Captioner] 09:50:30 doesn't, I was just checking, looking at it, doesn't have [Captioner] 09:50:34 any PSH units so the regional PSH wouldn't [Captioner] 09:50:39 play into this? That is correct. It is not [Captioner] 09:50:42 a PSH building. >> Thank you. >> Thank you. [Captioner] 09:50:46 >> Thank you. We will then move forward [Captioner] 09:50:50 to Angel. >> Thank you Dr. [Captioner] 09:50:53 Holt. Good morning everyone. I'm Angel [Captioner] 09:50:56 Gonzalez, finance and accounting manager for the [Captioner] 09:51:00 Portland Housing Bureau. My pronouns are he/him and I'm [Captioner] 09:51:03 Latino. The expenditure report highlights as of [Captioner] 09:51:06 June 30th of this year are the [Captioner] 09:51:09 following: The expended versus committed [Captioner] 09:51:12 amounts have continued increasing on ongoing [Captioner] 09:51:16 construction, compared with the previous [Captioner] 09:51:19 quarter's report. As of June, the [Captioner] 09:51:23 expenditures are $197.3 [Captioner] 09:51:26 million, where the project spending has [Captioner] 09:51:30 increased by $12.8 million or equivalent to [Captioner] 09:51:34 6.9%. The committed funding for [Captioner] 09:51:39 this period is $64.3 million, decreasing by [Captioner] 09:51:44 $12.7 million or minus [Captioner] 09:51:47 16.6%, compared to last quarter. The [Captioner] 09:51:50 remaining [Captioner] 09:51:55 $686,128 will either be used to replace [Captioner] 09:51:59 metro bonds dollars currently used in [Captioner] 09:52:02 the Hollywood Hub project or to be [Captioner] 09:52:05 allocated to fill funding [Captioner] 09:52:09 gaps, if any. Any questions? [Captioner] 09:52:14 >> Thanks, Angel. We'll go right through our normal [Captioner] 09:52:17 approach. I will just ask by [Captioner] 09:52:21 name. Allan? >> No, pretty straightforward [Captioner] 09:52:24 at this point, thanks, Angel. Appreciate it. >> Thank you. [Captioner] 09:52:27 Todd? >> Same, no questions, thank [Captioner] 09:52:32 you. >> Thank you, [Captioner] 09:52:38 Analise? >> No questions, thank you. >> Awesome. [Captioner] 09:52:41 Thank you, Angel, for the report. >> [Captioner] 09:52:44 My pleasure. >> We're moving right through the [Captioner] 09:52:48 agenda very smoothly. I guess [Captioner] 09:52:51 that's what happens when the preparation and the execution is [Captioner] 09:52:55 well-done and the work has been pretty consistent so that's great news. We have [Captioner] 09:52:58 two presenters today, and that [Captioner] 09:53:04 will be from The Aurora and Anna Mann House. You will [Captioner] 09:53:07 have 15 minutes to present. I'm going to set a timer for 13 [Captioner] 09:53:10 minutes and when you hear the beeping, you will know [Captioner] 09:53:13 it's time to start wrapping [Captioner] 09:53:16 your thoughts. So without further [Captioner] 09:53:19 adieu, let me deliver [Captioner] 09:53:23 it to the representation [Captioner] 09:53:28 of The Aurora. [Captioner] 09:53:32 >> Excuse me, good morning, everyone. Thank you [Captioner] 09:53:35 for the opportunity to share our project. My name [Captioner] 09:53:38 is Bryan [Captioner] 09:53:42 Shelton-Kelley, Senior Manager with [Captioner] 09:53:48 Our Just Future formerly HumanSolutions [Captioner] 09:53:52 and we are the developer for [Captioner] 09:53:57 The Aurora Project. The Aurora is [Captioner] 09:54:00 a really wonderful [Captioner] 09:54:03 and key project for East Portland. [Captioner] 09:54:07 It's located on 160th and Stark on the [Captioner] 09:54:12 edge of the city boundary with Gresham. We've worked on this project over a [Captioner] 09:54:15 number of years. As you [Captioner] 09:54:18 all may know, the site that it's on had some long [Captioner] 09:54:21 history of multiple uses, including a family [Captioner] 09:54:25 shelter, and after that building, you know, we [Captioner] 09:54:28 determined was unable to be rehabbed [Captioner] 09:54:31 and salvaged, we worked with a variety of partners [Captioner] 09:54:35 to turn it into this [Captioner] 09:54:39 project. So we've, in this [Captioner] 09:54:43 project, worked with Edlen and Company [Captioner] 09:54:48 as consultant, Holst provided the [Captioner] 09:54:52 architecture and Colas Construction [Captioner] 09:54:55 contractor and Lifeworks as a service provider. Funding [Captioner] 09:54:58 came from Oregon Housing and Community Services through [Captioner] 09:55:01 the LIFT Program and allocation of [Captioner] 09:55:04 4% tax credits and then [Captioner] 09:55:08 Portland Housing Bureau as [Captioner] 09:55:11 well. Next slide. Just to go over some of the key [Captioner] 09:55:15 project milestones that we've reached, we did receive [Captioner] 09:55:18 our temporary certificate of occupancy at the [Captioner] 09:55:21 end of May. We had about a four-month [Captioner] 09:55:25 delay in construction primarily driven by supply chain issues and [Captioner] 09:55:29 getting electric transformer equipment to the site [Captioner] 09:55:34 to be able to switch over from our construction power [Captioner] 09:55:37 to permanent power, so that did [Captioner] 09:55:41 impact our schedule greatly, but we [Captioner] 09:55:45 worked through those issues with our contractor and [Captioner] 09:55:49 got everything through. The [Captioner] 09:55:52 project does have 16 units that have [Captioner] 09:55:55 project-based vouchers through [Captioner] 09:55:58 HomeForward. The [Captioner] 09:56:01 units passed their inspection on June 5th and we went right [Captioner] 09:56:04 up into lease-up, and the first [Captioner] 09:56:07 move-ins occurred in June. [Captioner] 09:56:12 We had eight people -- eight households moved in in [Captioner] 09:56:16 June and some more have happened this week, [Captioner] 09:56:19 and we're projecting a four-month period to lease [Captioner] 09:56:22 up the entire building. Probably [Captioner] 09:56:25 not surprising to anyone on this call, but I did want to point [Captioner] 09:56:28 it out, just because I think it's [Captioner] 09:56:32 illustrative of the demand and need for affordable [Captioner] 09:56:35 housing, the strongest interest and actually the first units [Captioner] 09:56:38 to lease up in this project were [Captioner] 09:56:41 our units that we set at the 30% of [Captioner] 09:56:44 area median income [Captioner] 09:56:48 rent that are not subsidized, do not have [Captioner] 09:56:51 the project-based vouchers [Captioner] 09:56:55 that really does speak to the need of more deeply [Captioner] 09:56:57 targeted affordable housing in the community. Those were [Captioner] 09:57:01 the units we were getting the most calls on, and [Captioner] 09:57:04 again, were the ones that leased up [Captioner] 09:57:07 right away. We have a strong partnership [Captioner] 09:57:11 with the joint office at [Captioner] 09:57:14 HomeForward and developed a low bhar ier [Captioner] 09:57:19 barrier for the project-based voucher units [Captioner] 09:57:25 and getting referrals from dated access and [Captioner] 09:57:29 those are for those who experienced homelessness and have [Captioner] 09:57:32 a referral through the Joint Office. We [Captioner] 09:57:37 came in at about 38 million total development [Captioner] 09:57:40 cost or about just under [Captioner] 09:57:43 410,000 per unit. We were able to receive some extra [Captioner] 09:57:49 incentives from Energy Trust of Oregon and the Oregon [Captioner] 09:57:53 Multifamily Energy Program in some increased and [Captioner] 09:57:57 over baseline energy efficiency measures that we were able to meet in this [Captioner] 09:58:00 project, and we're providing AC [Captioner] 09:58:03 units in each unit for [Captioner] 09:58:06 all residents as a source of [Captioner] 09:58:09 in-unit cooling. We'll be doing a grand opening in the [Captioner] 09:58:14 fall of this [Captioner] 09:58:17 year, once we're more leased up and the project's more in [Captioner] 09:58:22 operations. Next slide. So just to review the unit mix and [Captioner] 09:58:25 the priority communities, [Captioner] 09:58:28 again, we have the project's 100% affordable, [Captioner] 09:58:32 93 units, majority family-sized [Captioner] 09:58:36 units, and then some 30% [Captioner] 09:58:40 AMI units, [Captioner] 09:58:44 again, the permanent supportive housing units have a preference [Captioner] 09:58:47 from referrals from Coordinated Access and this in one the [Captioner] 09:58:51 PSH are family site units, two and three [Captioner] 09:58:54 bedrooms, eight two-bedrooms and eight three-bedrooms so we're working with [Captioner] 09:58:58 the Coordinated Access Family System and working [Captioner] 09:59:01 with families that are [Captioner] 09:59:04 homeless or have been housing insecure. [Captioner] 09:59:12 Service Partners is a braided approach here, so we have [Captioner] 09:59:18 Our Just Future is providing our resident services like we provide [Captioner] 09:59:21 at all of our properties, and those are open [Captioner] 09:59:24 to any residents, all residents. [Captioner] 09:59:28 We're also working with Metro and [Captioner] 09:59:31 have a contract with them to [Captioner] 09:59:34 provide a dedicated staff position for the 16 [Captioner] 09:59:38 families that will be coming through Coordinated [Captioner] 09:59:41 Access to help them with housing stability and retention, and [Captioner] 09:59:44 then we have a partnership with Lifeworks Northwest [Captioner] 09:59:49 to provide services to anyone in the building with a [Captioner] 09:59:53 priority of preference for the permanent supportive housing participants. [Captioner] 09:59:59 Next slide. [Captioner] 10:00:06 Sorry, next slide. So [Captioner] 10:00:09 to market and reach out [Captioner] 10:00:12 on the project, we and our [Captioner] 10:00:16 property management company worked [Captioner] 10:00:19 on a number of methods and strategies. We set up a [Captioner] 10:00:23 temporary leasing office in the [Captioner] 10:00:26 immediate neighborhood across the [Captioner] 10:00:29 street from the project, so people could come to the [Captioner] 10:00:32 neighborhood, see the sites, see the construction going on, but not have to be [Captioner] 10:00:35 in an [Captioner] 10:00:39 active construction site. That location was at [Captioner] 10:00:42 a local church, and next to the [Captioner] 10:00:45 Su Casa [Captioner] 10:00:49 Supermarket. We have an affirmative fair housing [Captioner] 10:00:53 marketing plan that we use to identify the [Captioner] 10:00:56 populations least likely to apply for housing and [Captioner] 10:00:59 what marketing efforts would be needed to reach out to those [Captioner] 10:01:02 groups. We've also been [Captioner] 10:01:06 doing outreach to local community anchors, food pantries, the [Captioner] 10:01:09 Rosewood Initiative, Boys and Girls Club and also [Captioner] 10:01:13 getting referrals and reaching out to our [Captioner] 10:01:17 other properties in East Portland. More [Captioner] 10:01:20 recently we've been doing a [Captioner] 10:01:23 connection an outreach to the McKinney [Captioner] 10:01:27 Vento program with the school districts to see if there's an opportunity [Captioner] 10:01:30 to get people that they're working [Captioner] 10:01:33 with on the list for this [Captioner] 10:01:36 project. We don't quite yet have our [Captioner] 10:01:39 initial tenant them graphics. The first move-ins, again, [Captioner] 10:01:42 just occurred in June, but over the next couple of [Captioner] 10:01:45 months, we'll be compiling [Captioner] 10:01:50 those. Next slide. Wanted to share some [Captioner] 10:01:53 pictures of the units, so [Captioner] 10:01:56 these are completed unit photos [Captioner] 10:01:59 with virtual furniture staging. [Captioner] 10:02:03 When I saw these perhaps it's showing my age a little bit but I was pretty [Captioner] 10:02:07 amazed at what modern technology can do. Here is an example of [Captioner] 10:02:10 our one-bedroom unit. We have a [Captioner] 10:02:13 variety of different unit types and sizes in the [Captioner] 10:02:16 building, one, two and three-bedrooms but this is an [Captioner] 10:02:19 example of our one-bedroom [Captioner] 10:02:24 units. Next slide. This is an example of our [Captioner] 10:02:30 two-bedroom unit, and then the next slide will be [Captioner] 10:02:33 our three-bedroom unit. Throughout [Captioner] 10:02:36 the design and development of [Captioner] 10:02:40 this project, some key things were important for us in the [Captioner] 10:02:43 design team, trying to use a [Captioner] 10:02:46 trauma-informed design lens, a universal design [Captioner] 10:02:49 lens, incorporate [Captioner] 10:02:53 natural light and natural [Captioner] 10:02:58 colors and materials to, you know, really create a [Captioner] 10:03:04 non-institutional-looking building and project. And I think we've [Captioner] 10:03:08 achieved that very well. Next [Captioner] 10:03:11 slide. For our equitable contracting outcomes, [Captioner] 10:03:15 we're really [Captioner] 10:03:18 pleased to say that we [Captioner] 10:03:22 met the goal on hard [Captioner] 10:03:25 costs, well exceeded the goal on professional services and soft [Captioner] 10:03:30 costs, and we had really [Captioner] 10:03:33 good, and I think this is a reflection of [Captioner] 10:03:37 Colas' work and efforts, really strong [Captioner] 10:03:40 workforce diversity participation [Captioner] 10:03:43 from communities of color and women, so [Captioner] 10:03:48 we're really, really pleased with how that worked out on this project. And [Captioner] 10:03:52 construction is all but complete. There are some remaining punch list [Captioner] 10:03:56 items that are going, but it's pretty [Captioner] 10:04:00 much complete now. All [Captioner] 10:04:04 right, next slide. Again, some of our community [Captioner] 10:04:08 engagement activities obviously the neighborhood contact [Captioner] 10:04:16 process through permitting. There is a Resident Advisory Committee [Captioner] 10:04:22 made up of current Our Just Future [Captioner] 10:04:25 residents from different properties and the group meets regularly and is kind [Captioner] 10:04:28 of our way of bringing issues or [Captioner] 10:04:32 items that we want feedback to a [Captioner] 10:04:35 group that represents the people we serve and the people we [Captioner] 10:04:38 house, and we had a lot of [Captioner] 10:04:41 good input and feedback on this project [Captioner] 10:04:45 and the design and development of this project. [Captioner] 10:04:48 We're also working on reaching out and [Captioner] 10:04:51 strengthening our connections with culturally [Captioner] 10:04:54 specific and community-serving organizations, and actually [Captioner] 10:04:58 our next development project we're doing in partnership [Captioner] 10:05:01 with APANO, and we're very excited to grow [Captioner] 10:05:05 on those efforts. The participant demographics of our community [Captioner] 10:05:09 engagement activities included people of color, [Captioner] 10:05:12 lower income people, older adults and our existing [Captioner] 10:05:16 tenants. Some of the main outcomes of this we learned and were [Captioner] 10:05:19 able to incorporate into [Captioner] 10:05:23 The Aurora Project were especially from our [Captioner] 10:05:27 residents, a lot of concerns about safety and [Captioner] 10:05:30 security, and so wanting to incorporate enhanced safety [Captioner] 10:05:35 features into the property fob systems, a gate on the parking [Captioner] 10:05:38 lot, the idea of [Captioner] 10:05:42 incorporating natural and durable materials [Captioner] 10:05:46 and interiors, a mix of community gathering [Captioner] 10:05:49 spaces, and more private spaces to accommodate a [Captioner] 10:05:52 range of activities and uses, and then from our [Captioner] 10:05:55 Resident Advisory Committee we heard one thing that's really important [Captioner] 10:05:59 is to have bike parking or [Captioner] 10:06:02 bike storage rooms on each floor for flexibility, so people don't have to go to either [Captioner] 10:06:05 a central place or they're more easy to [Captioner] 10:06:08 access from [Captioner] 10:06:12 their unit. [Captioner] 10:06:16 That wraps up the The Aurora presentation. [Captioner] 10:06:18 Happy to answer any questions, and again, thank you for the opportunity to present our project. [Captioner] 10:06:29 >> I think you did that in under 13 minutes, [Captioner] 10:06:33 extremely impressive. >> Thank you. [Captioner] 10:06:36 >> And what phenomenal pictures. Oh, [Captioner] 10:06:39 my gosh, just beautiful spaces, [Captioner] 10:06:42 beautiful rooms. Questions or comments? Todd, I'll [Captioner] 10:06:45 go to you first. >> No questions. [Captioner] 10:06:48 Just the same comments. I think it [Captioner] 10:06:52 echoed the other presentations that we've [Captioner] 10:06:55 been able to hear, and just yeah, it's [Captioner] 10:06:58 amazing work, and it's always gratifying to [Captioner] 10:07:01 see these projects sort of come to life and recognize that [Captioner] 10:07:05 families are moving into these [Captioner] 10:07:07 places. So thank you. >> Thank you, Todd. [Captioner] 10:07:13 Analise? >> Similar to [Captioner] 10:07:17 Todd, no questions from me. Thank you, Brian, for the presentation. [Captioner] 10:07:20 It's exciting to see all of [Captioner] 10:07:23 the hard work come to fruition in so many ways. Not [Captioner] 10:07:27 surprised but excited to hear the number of family-sized units, the [Captioner] 10:07:31 number of 30%. I know both of those were large [Captioner] 10:07:34 emphasis when we were building out the bond, and so [Captioner] 10:07:37 happy and excited to see those and happy and excited to see [Captioner] 10:07:40 there are [Captioner] 10:07:45 likely oversubscribed [ indiscernible [Captioner] 10:07:48 ]. So thank you so much for the [Captioner] 10:07:52 update. >> Thank you. >> Thanks, Brian. [Captioner] 10:07:55 Congratulations. Good work. Excited about what's going [Captioner] 10:07:56 on. >> Thank you. >> The communities are in front now, [Captioner] 10:07:59 thank you. [Captioner] 10:08:05 And our next presenter, [Captioner] 10:08:08 Anna Mann House, and the same applies [Captioner] 10:08:11 in that 13 minutes to present and [Captioner] 10:08:14 communicate. We are just rolling along in today's [Captioner] 10:08:18 agenda, incredible job, [Captioner] 10:08:21 everybody. At the end of 13 [Captioner] 10:08:24 minutes, you will hear a tone, bell, and [Captioner] 10:08:27 that way you will know you've got a few minutes [Captioner] 10:08:34 to wrap up. >> [Captioner] 10:08:38 Well, thank you very much, everyone, for the invitation to [Captioner] 10:08:41 join this morning. [Captioner] 10:08:46 My name is Julie Garver, [Captioner] 10:08:50 Senior Housing Developer for [Captioner] 10:08:54 Innovative Housing and in partnership with you for the [Captioner] 10:09:00 development of the Anna Mann Project. Next slide, please. This gives [Captioner] 10:09:03 you an idea of the unit [Captioner] 10:09:06 mix for [Captioner] 10:09:10 Anna Mann, and we have a total of [Captioner] 10:09:14 129 units. The first building is open [Captioner] 10:09:17 right now, which is 50 units, and [Captioner] 10:09:20 that first building has a mix of [Captioner] 10:09:24 one-bedroom and two-bedroom [Captioner] 10:09:28 units [Captioner] 10:09:32 at the 0 to [Captioner] 10:09:35 30 and 31 to 60% [Captioner] 10:09:39 income range. It includes 12PSH units. [Captioner] 10:09:42 We have started [Captioner] 10:09:46 lease-up for the East Building and I think we have about [Captioner] 10:09:49 20 people moved in at this point, so leasing is going well for that first [Captioner] 10:09:58 building. Next [Captioner] 10:10:01 slide, please. We are still under [Captioner] 10:10:05 construction [Captioner] 10:10:08 for the project. Our COBID contracting, [Captioner] 10:10:12 subcontracting has been going really well. We are [Captioner] 10:10:16 toggling between the 32% [Captioner] 10:10:19 and 36% range. We are not done with the project [Captioner] 10:10:23 yet, and we do have some [Captioner] 10:10:26 substantive change orders to work [Captioner] 10:10:30 in, and so but we're in that range. We will exceed [Captioner] 10:10:34 30% and we're very excited about that. One of the things [Captioner] 10:10:37 that I wanted to talk [Captioner] 10:10:40 with you all about this morning is [Captioner] 10:10:43 a program that we launched at Anna Mann that [Captioner] 10:10:46 we're very excited about. We worked with [Captioner] 10:10:50 NAMC and the Oregon [Captioner] 10:10:52 Tradeswomen association to create An Anti-hazing [Captioner] 10:10:56 Program and zero tolerance [Captioner] 10:10:59 policy. So Oregon Tradeswomen presented the [Captioner] 10:11:03 trainings for [Captioner] 10:11:06 us. We had two two-hour construction manager trainings and so [Captioner] 10:11:10 all the foremen and the project [Captioner] 10:11:14 leaders were, from the construction companies were, [Captioner] 10:11:17 participated in that, as well the [Captioner] 10:11:21 subcontractor foremen and eight [Captioner] 10:11:24 20-minute toolbox talks, for all workers working on [Captioner] 10:11:27 site, and we really got some positive [Captioner] 10:11:30 feedback. There was a little, you know, trepidation [Captioner] 10:11:33 I would say in the beginning, people really didn't know [Captioner] 10:11:36 what this was going to be like, but the trainings really [Captioner] 10:11:40 focus -- because Oregon Tradeswomen did the [Captioner] 10:11:43 trainings, and they are in the trades, and have that [Captioner] 10:11:46 experience, they were really able to [Captioner] 10:11:50 tailor the examples of what hazing means, and what discrimination [Captioner] 10:11:53 means, and what equity means to [Captioner] 10:11:57 the construction atmosphere, and so after [Captioner] 10:12:00 the program was done, we had a [Captioner] 10:12:03 lot of people, workers come up and say hey, thank you for doing [Captioner] 10:12:06 this. We've never really experienced something like this on a job before, [Captioner] 10:12:10 and we really appreciate it. And people did [Captioner] 10:12:13 notice some changes. [Captioner] 10:12:16 There were actually two fairly serious disciplinary actions that [Captioner] 10:12:20 came out of this, two workers were [Captioner] 10:12:24 released from employment because they could not follow the [Captioner] 10:12:27 policies, and that's, there has to be consequences [Captioner] 10:12:30 for the program to really work right, and workers, the [Captioner] 10:12:33 feedback from workers was, hey, you're really serious about [Captioner] 10:12:37 this, and we appreciate that. So we're [Captioner] 10:12:40 excited about the program. We're going to be doing it at all of [Captioner] 10:12:43 innovative housing jobs now, and we thank [Captioner] 10:12:47 you guys for giving us the inspiration [Captioner] 10:12:50 to really do [Captioner] 10:12:53 this. Next slide. [Captioner] 10:12:57 So this is our current projected participation. [Captioner] 10:13:00 We had two contractors on this job, [Captioner] 10:13:03 Silco Commercial Construction and Todd [Captioner] 10:13:06 Construction. Todd was the contractor for the East [Captioner] 10:13:09 Building. They're pretty much done so their [Captioner] 10:13:13 32% is about set. Silco isn't done [Captioner] 10:13:16 yet, and so we're [Captioner] 10:13:19 in that 36% to 32% range for them at this [Captioner] 10:13:23 time. Our workforce training efforts are [Captioner] 10:13:27 coming along well, especially in the female [Captioner] 10:13:30 apprentice. I don't have the current hard numbers for you, [Captioner] 10:13:33 but we're going to well exceed the female [Captioner] 10:13:38 apprentice hours, and we'll be running about [Captioner] 10:13:41 right in line with minority hours. Next [Captioner] 10:13:49 slide, please. So here's our current funding sources update. [Captioner] 10:13:52 You'll see that the project did change quite a bit over [Captioner] 10:13:55 time, and that was due to, you [Captioner] 10:13:59 know, our current cost escalation atmosphere, and [Captioner] 10:14:02 we did add work to the project [Captioner] 10:14:05 creating more units, but the big news [Captioner] 10:14:09 for this slide is the PCEF [Captioner] 10:14:12 funding, what the project did apply for a PCEF grant, [Captioner] 10:14:15 and the timing was a little interesting, because we [Captioner] 10:14:19 applied in fall of '21 and then we weren't [Captioner] 10:14:22 awarded until late in '22, and so that was a little [Captioner] 10:14:25 bit of a challenge, just trying to get all [Captioner] 10:14:28 the work into the project and the plans [Captioner] 10:14:31 amended, but we have added $2 million [Captioner] 10:14:35 to the project. Every unit has a [Captioner] 10:14:38 mini split for heating and cooling. We have [Captioner] 10:14:42 solar. We have EV charging. We're adding large shade [Captioner] 10:14:45 trees to the site, because we did have to remove some trees, and so [Captioner] 10:14:48 it's very exciting that we can [Captioner] 10:14:52 include that PCEF and green work to the project. Next slide. [Captioner] 10:14:57 So here is a [Captioner] 10:15:02 review of the cost [Captioner] 10:15:05 changes. So we have had other impacts, as Jill alluded [Captioner] 10:15:09 to in the beginning of the presentation. We [Captioner] 10:15:12 have had construction loan [Captioner] 10:15:15 increases, cost increases and cost escalation. How [Captioner] 10:15:18 we are covering that includes the [Captioner] 10:15:21 PCEF grant. We are able to capture a [Captioner] 10:15:25 low-income housing tax credit upward adjuster, because we have added [Captioner] 10:15:28 so much work to the project through the [Captioner] 10:15:31 PCEF grant, and other things, and so we are able to capture [Captioner] 10:15:34 a little bit of the upside on that. Our [Captioner] 10:15:37 agreement was [Captioner] 10:15:44 structured that way with our investors so that was [Captioner] 10:15:47 fortunate and foresighted. We did have a special [Captioner] 10:15:51 contingency from PHB which we have been judiciously [Captioner] 10:15:54 utilizing for the cost escalation items. And [Captioner] 10:15:59 this photo is just shows you what goes into [Captioner] 10:16:03 everything that goes into a [Captioner] 10:16:07 new construction building. The corridors are especially busy and have a lot of [Captioner] 10:16:10 things running through them. Next slide, please. [Captioner] 10:16:16 So here is the development process. [Captioner] 10:16:19 I did this slide a few days ago, and so we've had a few [Captioner] 10:16:22 more families move in since [Captioner] 10:16:25 then. The East Building is complete, and then we [Captioner] 10:16:28 expect the South Building to be complete by the end of this [Captioner] 10:16:32 month. That will add 40 more [Captioner] 10:16:35 units. There are three bedrooms and even one four-bedroom [Captioner] 10:16:38 unit in that building, and so that's exciting. And then the [Captioner] 10:16:41 existing building, we are expecting to be complete in [Captioner] 10:16:44 September. You can imagine a National [Captioner] 10:16:48 Register, a [Captioner] 10:16:51 100-year-old building, it has its amount ofle [Captioner] 10:16:55 challenges, we knew there would be some but this photo shows an excavation [Captioner] 10:16:58 for the lower level [Captioner] 10:17:01 waterproofing. We have a lower level that is about [Captioner] 10:17:09 six feet below the ground and the windows up on [Captioner] 10:17:12 top, and it leaked, so we are excavating and doing [Captioner] 10:17:15 a lot of waterproofing as we speak. Next slide, [Captioner] 10:17:18 please. So that just goes over the changes [Captioner] 10:17:22 that have [Captioner] 10:17:26 occurred. Next slide. And these are some [Captioner] 10:17:29 photos of the East Building complete. On [Captioner] 10:17:32 the far left lower photo, you'll see as you're [Captioner] 10:17:35 looking straight ahead, the building, you're looking at [Captioner] 10:17:38 the end, the front end of the East Building and then [Captioner] 10:17:41 on the left is the National [Captioner] 10:17:45 Register Anna Mann Building and you can see a [Captioner] 10:17:48 closer version of it on the top center photo and we're really [Captioner] 10:17:51 pleased with how the [Captioner] 10:17:57 new buildings look and architecture did a great job creating a new twist and [Captioner] 10:18:00 new design for the new buildings that really echo the feeling and [Captioner] 10:18:03 the quality of the old existing building. We've had [Captioner] 10:18:06 a lot of people both new residents [Captioner] 10:18:10 and neighbors from the [Captioner] 10:18:14 Laurel Hurst and Kerns Neighborhood Associations that have [Captioner] 10:18:18 really had positive reactions over the look of the buildings. The photo on [Captioner] 10:18:21 the left is the other side of the East Building. That's [Captioner] 10:18:25 a ramp that comes over and connects it with [Captioner] 10:18:29 the National Register Building which [Captioner] 10:18:32 will have our community space in it and the lower center photo [Captioner] 10:18:35 shows you some of our finishes for the kitchens [Captioner] 10:18:39 and the apartments, echoing the trend of really getting the wood and the [Captioner] 10:18:42 natural materials in there. We find that [Captioner] 10:18:45 that really provides a quality and positive [Captioner] 10:18:49 feeling for residents, and then on the right, lower right [Captioner] 10:18:52 corner, that's a photo of the mini splits that are [Captioner] 10:18:55 up on the roof of the east building, and so [Captioner] 10:18:58 getting all of those in was a nice [Captioner] 10:19:02 puzzle for the designers and the subs, and we [Captioner] 10:19:05 got them all in. Next [Captioner] 10:19:09 photo, please. So [Captioner] 10:19:12 here's the South Building. You'll see it has similar [Captioner] 10:19:15 design cues as the East Building [Captioner] 10:19:19 did. On the top left photo, you can see the huge tree [Captioner] 10:19:22 that we have preserved. It's purported to be the [Captioner] 10:19:27 oldest tulip tree in Oregon so we did a lot of extra [Captioner] 10:19:30 things to save some very large, old trees on the site, and it isn't [Captioner] 10:19:33 as easy as you think it would be. You'd think the trees are [Captioner] 10:19:36 there, you can work around them. There's a lot of things that goes into [Captioner] 10:19:40 that, so we all received a bit of an education on [Captioner] 10:19:43 that, but we have saved a bunch [Captioner] 10:19:46 of trees and it's just really nice. And then the [Captioner] 10:19:49 lower right-hand photo is a photo of the top floor. [Captioner] 10:19:52 You can see some of those interesting roof [Captioner] 10:19:55 lines. This project is nice because even [Captioner] 10:19:58 the new buildings have some of that [Captioner] 10:20:02 charming character that goes into why people [Captioner] 10:20:05 like historic buildings, and so even the new buildings have [Captioner] 10:20:08 been able to incorporate some of that, [Captioner] 10:20:11 and so we have folks that are just chomping at the bit [Captioner] 10:20:15 to get into this building, and so we are excited to be able to finish it [Captioner] 10:20:18 at the end of the month, because we've taken a bunch of [Captioner] 10:20:21 applications for it already. Next slide. [Captioner] 10:20:25 And then this gives you a taste of [Captioner] 10:20:29 the existing National Register Building and some of the work [Captioner] 10:20:33 that's going on here. The top left photo, this is [Captioner] 10:20:36 scaffolding that was up. We were doing chimney [Captioner] 10:20:39 restoration on this 100-year-old building, and then the lower [Captioner] 10:20:43 left photo is some site [Captioner] 10:20:46 work that was going on. The lower center photo, this [Captioner] 10:20:50 kind of shows you everything it takes to get modern [Captioner] 10:20:54 utilities, electrical, plumbing, [Captioner] 10:20:57 the mini splits into the units, and then the lower right photo [Captioner] 10:21:01 is an example of a unit that is just ready [Captioner] 10:21:05 for drywall. Since that photo was taken, we have [Captioner] 10:21:08 drywall almost completed now. Next slide. [Captioner] 10:21:13 So we'll take [Captioner] 10:21:16 questions. I am hoping that my colleague, Leah [Captioner] 10:21:19 Cooper, has joined us. She is Director of Housing operations company [Captioner] 10:21:23 for Innovating Housing. Leah, are [Captioner] 10:21:26 you on the call yet? >> I am here, yep. >> Great. [Captioner] 10:21:29 Well, Leah is going to talk a little bit [Captioner] 10:21:32 about lease-up and outreach and community [Captioner] 10:21:35 engagement. >> Hi, everyone. As Julie said, I'm [Captioner] 10:21:38 looia Cooper, Director of Housing [Captioner] 10:21:41 Operations at IHI, and currently doing [Captioner] 10:21:44 a lot of work on the lease-up for Anna Mann. [Captioner] 10:21:50 We have 15 units moved in. We have a lot more that are working [Captioner] 10:21:54 their way through compliance. [Captioner] 10:21:58 And in addition to [Captioner] 10:22:01 that, the project has 12 PSH [Captioner] 10:22:05 units, six in the East Building [Captioner] 10:22:10 and six in the South Building. All of the East Building [Captioner] 10:22:14 units are identified. Folks are moved to the [Captioner] 10:22:17 HomeForward phase of the application process and the six units in [Captioner] 10:22:21 the South Building or already identified and working their way through the [Captioner] 10:22:24 process. We feel really good about the lease-up of the [Captioner] 10:22:27 permanent supportive housing units. [Captioner] 10:22:31 We've done a bunch of different things [Captioner] 10:22:34 to get folks into Anna Mann. We started [Captioner] 10:22:37 with an interest list that started oh, probably about a year and a half [Captioner] 10:22:40 ago, so we let everybody know on the interest list when the building was [Captioner] 10:22:43 starting to take applications. We also [Captioner] 10:22:48 did a lot of providing information to any service partner [Captioner] 10:22:51 that IHI has ever worked with, frankly. We've [Captioner] 10:22:54 been sending out emails. [Captioner] 10:22:57 We did provide sort of a lag time between when [Captioner] 10:23:00 we led our service partners and interest list [Captioner] 10:23:03 to know and when we started a sort of general [Captioner] 10:23:07 -- and of course, the [Captioner] 10:23:10 AFHMP contacts as well. After we notified all of [Captioner] 10:23:13 them, we sort of created a little bit of a lag time [Captioner] 10:23:16 before we started general marketing to [Captioner] 10:23:19 the community, just to make [Captioner] 10:23:23 sure that we had, frankly, a diverse [Captioner] 10:23:27 pool of applicants, but we have started sort of the general [Captioner] 10:23:33 marketing for the building, which means [Captioner] 10:23:36 we're spending, you know, [Captioner] 10:23:39 money on apartments.com, Craigslist, and [Captioner] 10:23:41 sort of more mainstream ways of letting the community know that we have openings. [Captioner] 10:23:48 I wanted to mention that we are doing a lot of work [Captioner] 10:23:51 with our, with neighbors [Captioner] 10:23:55 in the Laurel Hurst community. I met with a group of neighbors this [Captioner] 10:23:59 week and they sort of that their own campaign. They have all of our marketing [Captioner] 10:24:02 materials and pre-application so they have spreading that [Captioner] 10:24:06 out throughout the community to see if anyone that's [Captioner] 10:24:09 living in Laurel Hurst and Kerns is interested in [Captioner] 10:24:12 living there. We've done some marketing with the Laurel Hurst School [Captioner] 10:24:16 to make sure that there are [Captioner] 10:24:19 families that are interested in affordable housing, [Captioner] 10:24:23 would have access. Yes, so that's kind [Captioner] 10:24:26 of where we are right now the lease-up process. [Captioner] 10:24:29 I'm not sure if there's any other information in particular that would [Captioner] 10:24:32 be helpful for folks to know. >> Well, I [Captioner] 10:24:35 appreciate it. We are at our time, actually, for [Captioner] 10:24:38 the presentation, so that's fantastic. Great [Captioner] 10:24:42 timing around it. I will [Captioner] 10:24:46 go to questions from the bond Oversight [Captioner] 10:24:49 Committee and begin with Analise, comments or questions? [Captioner] 10:24:52 >> Thanks, Dr. Holt. I don't have any [Captioner] 10:24:55 questions for either of you. Thank you so much for this presentation. [Captioner] 10:24:58 It's really exciting [Captioner] 10:25:01 to see -- I was particularly interested in this project [Captioner] 10:25:05 knowing its location and getting affordable [Captioner] 10:25:08 housing into the neighborhood and also, you know, knowing that you are [Captioner] 10:25:12 renovating an historical, old [Captioner] 10:25:15 building was going in and imagining it was going to be [Captioner] 10:25:18 particularly tough and that you were going to encounter some surprises, so really [Captioner] 10:25:23 excited to see that, you know, you figured [Captioner] 10:25:26 out how to overcome them [Captioner] 10:25:29 and September hopefully that last piece will be up [Captioner] 10:25:32 and open for folks to move into. So [Captioner] 10:25:37 wonderful job. Thanks for the last couple of years. >> Thank you, Analise. [Captioner] 10:25:43 Todd? >> Yes, thank you. Apologies if you can hear a dog [Captioner] 10:25:46 barking in the background, but no questions. Just [Captioner] 10:25:49 appreciations. I guess I did want to call [Captioner] 10:25:52 a special appreciation for saving the trees. [Captioner] 10:25:56 We've actually done in East [Captioner] 10:26:00 Portland the value of urban forestry and [Captioner] 10:26:03 green landscapes and old trees are really hard [Captioner] 10:26:06 to replace. And so yeah, I imagine it was a lot of [Captioner] 10:26:09 work to work around them, but once those things [Captioner] 10:26:12 are [Captioner] 10:26:15 done, -- down, they take decades [Captioner] 10:26:18 to come back. I appreciate it, thank you. >> Thank you, [Captioner] 10:26:22 Todd. Thanks for the [Captioner] 10:26:23 presentation. Great work. Significant things happening. [Captioner] 10:26:31 We appreciate you for being here today. Next on our [Captioner] 10:26:35 agenda is the interim Director's [Captioner] 10:26:39 Update. Molly? >> Molly had a scheduled meeting until [Captioner] 10:26:43 10:30. I'll run and see if she's available to join us right now. [Captioner] 10:26:46 >> Okay, we'll take just a moment, give [Captioner] 10:26:49 everybody an opportunity, five minutes to [Captioner] 10:26:53 get a drink or whatever else you may need to do. We'll be back in five. [Captioner] 10:32:26 And we are back. [Captioner] 10:32:29 Good to see you, Molly. Good morning to you. [Captioner] 10:32:34 >> Good morning to you, Dr. Holt. And to the rest of the committee. [Captioner] 10:32:39 >> Yes, this is what happens when you [Captioner] 10:32:42 have an efficient team, and they're going through [Captioner] 10:32:45 their items expeditiously. [Captioner] 10:32:49 We sometimes get a little ahead of the schedule. [Captioner] 10:32:53 >> Not a problem. I'm thrilled to [Captioner] 10:32:57 have [Captioner] 10:33:00 joined you this morning [Captioner] 10:33:05 and share a few [Captioner] 10:33:09 updates at the Bureau. My name is Molly [Captioner] 10:33:12 Rogers, Interim Director of Portland Housing Bureau and I go by she/her [Captioner] 10:33:15 pronouns. Nice to see a few members of our committee with us [Captioner] 10:33:18 today. I wanted to let folks know we have an active [Captioner] 10:33:22 recruitment happening right now for the Director [Captioner] 10:33:29 of the Housing Bureau. It is going to be -- it's being conducted out of Commissioner [Captioner] 10:33:32 Rubio's office and it's going to be considered [Captioner] 10:33:35 open until filled so if you know of [Captioner] 10:33:38 anyone, let folks know as soon as possible to get [Captioner] 10:33:41 their names in there, find the right leader to take us [Captioner] 10:33:45 to the next level and address our various housing [Captioner] 10:33:49 challenges happening in the city. We're very excited for this process [Captioner] 10:33:53 to unfold. We hope to have [Captioner] 10:33:56 a series of panels set up in [Captioner] 10:34:00 the next month or two, and obviously everyone's [Captioner] 10:34:03 anxious to get [Captioner] 10:34:06 the next director on board as soon as possible. In the [Captioner] 10:34:09 meantime, we continue to not just [Captioner] 10:34:12 close the highest number of projects [Captioner] 10:34:16 that we've ever closed in PHB's history in a short amount of time, and continue to [Captioner] 10:34:19 have a couple more closings, but we're also gearing up for [Captioner] 10:34:22 a couple more solicitations [Captioner] 10:34:25 this calendar [Captioner] 10:34:28 year. We just sent out a press release [Captioner] 10:34:32 that expressed some of the thinking around [Captioner] 10:34:36 the solicitations first and foremost, [Captioner] 10:34:39 looking at a last gap NOFA, it's a [Captioner] 10:34:42 term that we're using that is sort of in [Captioner] 10:34:45 contrast to the first ones in a project, we're hoping [Captioner] 10:34:48 to be the last ones in a prong that is permit [Captioner] 10:34:51 ready, and has been struggling with some [Captioner] 10:34:56 last-minute financial leads, [Captioner] 10:35:00 ject that is permit ready, and has been struggling with some last-minute financial leads, but it [Captioner] 10:35:03 personaled and ready to go. We have gotten other [Captioner] 10:35:06 commitments for affordability lined [Captioner] 10:35:09 up, but are just sitting there to be closed, waiting for someone [Captioner] 10:35:13 to come in and get them to that [Captioner] 10:35:16 final [Captioner] 10:35:19 finish line. We're hoping to do a solicitation on [Captioner] 10:35:22 preservation. We have $5 million in ARPA [Captioner] 10:35:26 funds, that's [Captioner] 10:35:30 Federal American Rescue Act funds to preserve projects [Captioner] 10:35:34 that may be expiring affordable [Captioner] 10:35:37 restrictions or have life safety concerns. Last but not least we hope to [Captioner] 10:35:41 get a team on board, [Captioner] 10:35:44 former Broadway Corridor phase one, about to go [Captioner] 10:35:47 into council next week to solidify [Captioner] 10:35:50 an intergovernmental agreement with Crossroad Portland to [Captioner] 10:35:53 build out affordable housing [Captioner] 10:35:56 at the [Captioner] 10:36:01 United States Postal Service site, a [Captioner] 10:36:04 huge site north of Downtown, [Captioner] 10:36:08 just west of the Pearl District. We're [Captioner] 10:36:11 excited to be able to think about being an [Captioner] 10:36:14 early partner and catalytic partner in getting [Captioner] 10:36:17 affordable housing built early on to kick-start the rest [Captioner] 10:36:20 of that development. Just wanted to also [Captioner] 10:36:23 let you know, we have been working [Captioner] 10:36:27 to recalibrate our landmark inclusionary [Captioner] 10:36:31 Housing Policy. We [Captioner] 10:36:35 convened a panel of experts over the last eight months, and [Captioner] 10:36:38 that work just concluded on Monday. There's [Captioner] 10:36:42 a fantastic article from OPB today [Captioner] 10:36:47 that highlights the findings of the consultant [Captioner] 10:36:50 that we hired, and the potential recommendations [Captioner] 10:36:53 coming out of that panel, and we [Captioner] 10:36:56 are looking forward to [Captioner] 10:36:59 working with council on reforms to make sure that this program continues [Captioner] 10:37:03 to be effective, make sure that it [Captioner] 10:37:06 is fully Kohl grated and current [Captioner] 10:37:11 housing market conditions, and can continue to build out [Captioner] 10:37:15 affordable housing throughout the whole city with the [Captioner] 10:37:19 focus on the 60% [ indiscernible [Captioner] 10:37:22 ]. So overall, I would [Captioner] 10:37:25 say that IH has created over 1,000 affordable [Captioner] 10:37:28 housing units that would not have otherwise [Captioner] 10:37:32 existed, if not for the policy [Captioner] 10:37:36 embedded within market rate, and [Captioner] 10:37:40 that is just something that is a [Captioner] 10:37:43 phenomenal milestone, just for us to acknowledge in [Captioner] 10:37:47 itself, because that policy passed six years ago [Captioner] 10:37:52 but those of us who have been hauling it, a lot of projects went [Captioner] 10:37:55 before the policy got in and got invested under [Captioner] 10:37:58 pre-inclusionary housing so we've been able to show that [Captioner] 10:38:01 this has been effectively implemented in the [Captioner] 10:38:04 housing units. That work is going to [Captioner] 10:38:10 be highlighted alongside [Captioner] 10:38:13 other housing needs analyses to [Captioner] 10:38:16 kick-start a larger production strategy [Captioner] 10:38:19 in front of City Council on July 25th. [Captioner] 10:38:22 I encourage you all [Captioner] 10:38:26 to go and listen to that work session. We're [Captioner] 10:38:29 doing that with our service area bureau [Captioner] 10:38:32 partners, the Bureau of Planning and Sustainability the [Captioner] 10:38:35 Bureau of Development Services and Prosper [Captioner] 10:38:39 Portland, showing how all the bureaus have a stake in [Captioner] 10:38:43 housing production, and all play a critical role in [Captioner] 10:38:46 trying to reduce obstacles, reduce costs, make it [Captioner] 10:38:50 easier for the developing community to keep working on building more [Captioner] 10:38:53 and more housing with [Captioner] 10:38:56 ARPA affordable housing. So [Captioner] 10:39:00 with that, I am -- oh, just one last [Captioner] 10:39:03 final update. Everyone is trying to figure out whether we are [Captioner] 10:39:06 going to have a bond measure [Captioner] 10:39:11 2.0. As we [Captioner] 10:39:14 send out the Portland housing bonds, we're [Captioner] 10:39:18 close to spending down our community metro bond [Captioner] 10:39:21 goals and just wanted to just acknowledge [Captioner] 10:39:25 there's conversations that are being [Captioner] 10:39:30 had. People are -- it's going to be ultimately conversations between our [Captioner] 10:39:33 elected officials and the Metro [Captioner] 10:39:36 Council and what makes the most sense in this current [Captioner] 10:39:41 political landscape, you [Captioner] 10:39:44 know, given how much appetite we think the [Captioner] 10:39:47 voters would have in other bond measures. No set [Captioner] 10:39:52 plan, but conversations will be had. [Captioner] 10:39:55 Just with that, I'll open it up to any questions. [Captioner] 10:39:59 >> Thank you very much. Very [Captioner] 10:40:02 thorough. A lot happening! Much is going on. [Captioner] 10:40:08 Analise, any comments or questions? >> None for me, thank you, [Captioner] 10:40:08 Dr. Holt. >> Absolutely. Todd, any comments or questions? [Captioner] 10:40:14 >> None from me, thank you. >> Well, thank you. [Captioner] 10:40:20 Thanks, Molly, for the update, and all of the presenters and [Captioner] 10:40:23 all of the work that's been on it. That brings us [Captioner] 10:40:27 to the end of another Bond Oversight Committee. [Captioner] 10:40:30 Again, we are almost halfway through July, if you can believe [Captioner] 10:40:33 it. It's amazing how quickly things are moving. [Captioner] 10:40:37 Our next meeting will happen, it's our next [Captioner] 10:40:40 scheduled meeting is planned for the 5 [Captioner] 10:40:43 th of October, and we look [Captioner] 10:40:47 forward to being together. That is a morning [Captioner] 10:40:51 meeting, and if there are any other items [Captioner] 10:40:54 that come up between now and then, we will make sure to get that word out. [Captioner] 10:40:59 So as I wrap up my [Captioner] 10:41:03 thought for today, at the end of this great meeting, we have a [Captioner] 10:41:07 few, well, weeks left of summer. I [Captioner] 10:41:10 encourage us to get out and enjoy this incredible weather that [Captioner] 10:41:15 we've been having here in the northwest [Captioner] 10:41:18 and as you do, continue to take care of yourself and one another. We'll see each other soon. [Captioner] 10:41:23 Bye-bye, everybody.