##VIDEO ID:-## . GOOD AFTERNOON. FOR THE RECORD, MY NAME IS LIZ BREADON, DISTRICT COUNCILOR FOR DISTRICT NINE. BREADON. I'M THE CHAIR OF THE BOSTON CITY COUNCIL COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT. TODAY IS TUESDAY, JULY 30TH, 2024. THIS HEARING IS BEING RECORDED AND IT IS ALSO BEING LIVESTREAMED. BOSTON GOLF BACKSLASH CITY COUNCIL DODGE TV AND BROADCAST ON XFINITY CHANNEL EACH RCN CHANNEL 82 AND FIREHOUSE CHANNEL 6964. WRITTEN COMMENTS MAY BE SENT TO THE COMMITTEE EMAIL AT CC DOT HOUSING BOSTON.COM AND WILL BE MADE A PART OF THE RECORD AND AVAILABLE TO ALL COUNCILORS. PUBLIC TESTIMONY WILL BE TAKEN AT THE END OF THIS HEARING. INDIVIDUALS WILL BE CALLED ON IN THE ORDER IN WHICH THEY ARE SIGNED UP AND WILL HAVE 2 MINUTES TO TESTIFY. IF YOU'RE INTERESTED IN TESTIFYING IN PERSON PLEASE ADD YOUR NAME TO THE SIGN UP SHEET NEAR THE ENTRANCE OF THE CHAMBER. IF YOU'RE LOOKING TO TESTIFY VIRTUALLY PLEASE EMAIL OUR CENTRAL STAFF LIAISON KARISHMA KUEN AT CHRISTMAS K A R I AS HITCH A DART C HITCH O U HITCH AND AD BOSTON DOT GOV FOR THE LINK FOR THE LINK AND YOUR NAME WILL BE ADDED TO THE LIST TODAY WE WILL DISCUSS TWO DOCKETS DOCKET 0633 MESSAGE AND ORDER FOR YOU FOR YOUR APPROVAL AN ORDER ALSO AUTHORIZING THE CITY OF BOSTON ACTING THROUGH ITS MAYOR'S OFFICE OF HOUSING TO ACCEPT AND EXPAND PAYMENTS IN THE AMOUNT OF $50 MILLION NO $40 MILLION BEG YOUR PARDON? $40 MILLION GIVEN TO THE CITY OF BOSTON'S GIVEN TO THE CITY OF BOSTON'S INCLUSIONARY DEVELOPMENT POLICY FUND THE CITY OF BOSTON'S INCLUSIONARY DEVELOPMENT FUND ITP WAS ESTABLISHED BY AN EXECUTIVE ORDER IN FEBRUARY 2000 TO SUPPORT THE PRODUCTION AND PRESERVATION OF AFFORDABLE HOUSING IN NEW MARKET RATE HOUSING DEVELOPMENTS. DOCKET NUMBER 0695F MESSAGE AN ORDER AUTHORIZING THE CITY OF BOSTON TO ACCEPT AND EXPAND THE AMOUNT OF $5 MILLION IN THE FORM OF A GRANT TO PROVIDE RAPID REHOUSING SERVICES TOGETHER WITH WRAPAROUND SUPPORT AND RECOVERY SERVICES TO INDIVIDUALS WITH A HISTORY OF HOMELESSNESS. AWARDED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO BE ADMINISTERED BY THE MAYOR'S OFFICE OF HOUSING THE GRANT FROM THE STATE ARPA EARMARKED FOR THE MAYOR'S OFFICE OF HOUSING. THESE MATTERS WERE SPONSORED BY THE MAYOR AND WERE REFERRED TO REFERRED ON APRIL 3RD AND APRIL 10TH 2020 FOR I AM JOINED TODAY BY MY COLLEAGUES IN ORDER TO RIVAL COUNCILOR ED FLYNN AND DISTRICT TWO AND MYSELF. I ALSO HAVE READ THOSE INTO THE I HAVE TWO LETTERS OF ABSENCE WHICH I'LL INTO THE RECORD LATER. COUNCILOR FLYNN, DO YOU HAVE ANY OPENING REMARKS? NO, NOT YET. OKAY. THANK YOU. I'D LIKE TO I'D LIKE TO KNOW TO INTRODUCE TODAY'S PANELISTS TESTIFYING ON BEHALF OF THE ADMINISTRATION, SHEILA DILLON, CHIEF OF HOUSING AND DIRECTOR OF THE MAYOR'S OFFICE OF HOUSING. DANIELLE LESSER CHIEF OF STAFF ,THE MAYOR'S OFFICE OF HOUSING AND RICK WILSON, DIRECTOR OF ADMINISTRATION AND FINANCE OF THE MAYOR'S OFFICE OF HOUSING. GOOD AFTERNOON. THANK YOU FOR BEING HERE. AS I MENTIONED EARLIER, I WOULD LIKE TO TAKE DOCKET 0695 FIRST AND THEN WE'LL GO ON TO THE UH THE INCLUSIONARY DEVELOPMENT POLICY GRANT FUNDING. OKAY. SO YOU HAVE THE FLOOR. WONDERFUL. I'LL JUST THANK YOU FOR HAVING THIS HEARING. HOUSING CHAIRPERSON COUNCILOR BREADON AND I'M VERY HAPPY TO SEE COUNCILOR FLYNN HERE AS WELL TO DISCUSS TWO. TWO MATTERS BEFORE YOU AND I, I JUST WANT TO THANK MY STAFF FOR DOING SUCH A THOROUGH JOB OF PREPARING US FOR THIS HEARING BUT ALSO REALLY BEING VERY, VERY GOOD STEWARDS OF THIS IMPORTANT FUNDING. WITHOUT FURTHER ADO, I'M GOING TO HAND THIS OVER TO CHIEF OF STAFF DAN LESSER. AS ALL OF YOU KNOW, WE'VE BEEN WORKING VERY, VERY HARD WITH OUR PUBLIC HEALTH COMMISSION HERE IN BOSTON AND THE STATE TO REALLY HELP THOSE THAT ARE IN RECOVERY . ALTHOUGH WE DON'T OVERSEE RECOVERY ARE CALLED UPON TO HELP PEOPLE WITH HOUSING SERVICES AND HOUSING RESOURCES AFTER THEY LEAVE TREATMENT OR WHILE THEY'RE IN TREATMENT IF THEY'RE RECEIVING TREATMENT AT HOME. SO WE'RE VERY EXCITED TO RECEIVE THIS FUNDING FROM THE STATE AND DAN'S GOING TO WALK YOU THROUGH WHAT WE RECEIVE THE FUNDING FOR AND WHAT WE PLAN ON DOING WITH IT. SO THANK YOU. THANK YOU. THANKS SO MUCH CHIEF DILLON. AND THEY CAN CHAIR BREADON AND COUNCILOR FLYNN FOR HAVING US TODAY. SO WE'RE HERE TODAY TO ASK FOR THE COUNCIL TO ACCEPT AND TO SPEND $5 MILLION OF STATE FUNDS THAT WERE APPROPRIATED THROUGH . THE COMMONWEALTH OF MASSACHUSETTS ACTS OF 2022 ADMINISTERED BY THE DEPARTMENT OF PUBLIC HEALTH. THE $5 MILLION IS COMING FROM STATE AMERICAN RESCUE PLAN ACT FUNDS AND WHAT THE STATE EARMARK IS DESIGNATED FOR IS POST-TREATMENT SUPPORTIVE HOUSING. SO SPECIFICALLY FOR RAPID REHOUSING SERVICES WHICH INCLUDES A RENTAL ASSISTANCE. SO 24 MONTHS OF SUPPORT FOR RENT AS WELL AS HOUSING STABILIZATION AND WRAPAROUND SERVICES FOR INDIVIDUALS EXITING RECOVERY PROGRAMS. AND WITH THAT AND WITH OUR HISTORY OF HOMELESSNESS IN BOSTON SO THE IDEA IS AS INDIVIDUALS WHO ARE SUFFERING SOME SUBSTANCE ABUSE DISORDER ARE COMING INTO RECOVERY THAT AS THEY ARE EXITING THAT THEY DON'T HAVE THE RISK OF RETURNING TO HOMELESSNESS AND RETURNING TO SOME OF THE SITUATIONS THAT MAY CAUSE THEM TO HAVE FURTHER ISSUES AROUND SUBSTANCE ABUSE. AND SO WITH THE $5 MILLION WE WILL WORK WITH NONPROFIT PARTNERS TO SET UP PROGRAMS TO ALLOW FOR THIS RENTAL ASSISTANCE AND WRAPAROUND SERVICES TO TRANSITION INDIVIDUALS TO STABLE LONG TERM HOUSING. WE'VE RUN MANY RAPID REHOUSING PROGRAMS. WE'VE RUN MANY RAPID REHOUSING PROGRAMS AND WE GENERALLY HAVE VERY STRONG OUTCOMES AROUND PEOPLE NOT RETURNING TO HOMELESSNESS AFTER THAT 24 MONTH PERIOD AND WE'RE VERY HOPEFUL THAT THIS CAN BE A KEY INTERVENTION FOR INDIVIDUALS IN BOSTON WHO ARE FACING THESE CHALLENGES. A LITTLE ON THE SPECIFICS OF THE FUNDING SINCE THIS IS ARPA FUNDING IT MUST BE SPENT BY DECEMBER 31ST, 2026 AND SO ONCE THE COUNCIL AND ASSUMING THE COUNCIL ARE ACCEPTING IT SPENDS THE $5 MILLION WE WILL WORK VERY EXPEDITIOUSLY TO PUT OUT A REQUEST FOR PROPOSAL FOR NONPROFIT PARTNERS. WE'VE ALREADY STARTING DRAFTING THAT REQUEST FOR PROPOSALS AND IDENTIFYING LISTENING TO PROVIDERS AND INDIVIDUALS TO HOW TO SHAPE THAT THE PROGRAM AND THEN WE'LL PUT OUT AN RFP OR SELECT PROVIDERS IN THE COMING MONTHS AND THEN WE'LL TRY TO STAND UP A PROGRAM AS FAST AS POSSIBLE SO THAT WE CAN MAKE SURE THAT WE CAN FUND THAT FOR 24 MONTHS PRIOR TO DECEMBER 31ST, 2026. THANK YOU. SO THE MONEY WILL IT BE SPENT ON PROGRAMING OR WILL IT BE ASSISTANCE IN SETTING UP WHOLE HOMES AS WELL SO IT WILL MOSTLY GO TOWARDS THE RENTAL ASSISTANCE WILL ALSO COVER COSTS FOR THOSE WRAPAROUND SERVICES. SO KIND OF VISITS FROM CASEWORKER AND ACCESS TO OTHER SERVICES FOR THE INDIVIDUALS IN THAT WHO ARE IN THE HOUSING. SOUNDS GOOD AND I KNOW WE HAVE THE BILLY MCGONIGLE HOME IN AUSTIN AND WE HAD A RIBBON CUTTING FAIRLY RECENTLY AND THAT'S THAT'S THE SORT OF PROGRAM THAT THIS MONEY WILL BE GOING TO SUPPORT. TRUE OR IF I COULD IT WILL ALSO JUST PAY FOR SOMEONE RENT. YOU KNOW IF THERE'S NOT A IF THERE'S NOT SPACE SOME OF THOSE LONGER RESIDENTIAL PROGRAMS SOMEONE LEAVING TREATMENT COULD COULD JUST RENT AN APARTMENT YOU KNOW A MODEST APARTMENT IN ANY OF OUR NEIGHBORHOODS, GET SUPPORT SERVICES. BUT LIKE DAN SAID, IT'S YOU KNOW WE REALLY HAVE SEEN IF THERE'S NOT A GOOD IF IF IF A PERSON LEAVING TREATMENT DOESN'T HAVE STABLE HOUSING SO MANY TIMES THEY FIND THEMSELVES BACK ON THE STREET AND BACK USING SO WE'VE BEEN SAYING THIS FOR A LONG TIME AND I'M GLAD THE STATE THOUGHT THAT WE YOU KNOW, WE COULD MANAGE THIS PROGRAM. PEOPLE REALLY COMING OUT OF TREATMENT. THERE'S THEY HAVE SUCH A BETTER CHANCE OF SUCCESS IF THEY CAN GET STABLE HOUSING AND 24 MONTHS IS A GOOD TIME TO HELP PEOPLE A PERSON PAY THEIR RENT WHILE THEY GET EMPLOYMENT. THEY GET STABLE, THEY YOU KNOW, CONNECT AGAIN WITH FAMILY AND FRIENDS. SO I AM HAPPY TO SEE THAT IT'S 24 MONTHS TIMES GOOD CONTROL PLENTY OF QUESTIONS. THANK YOU, MADAM CHAIR. THANK YOU SHEILA TO YOU AND YOUR TEAM FOR THE IMPORTANT WORK THAT YOU ARE DOING. SHEILA, DO YOU KNOW IF ANY OF THIS MONEY WILL GO TOWARD SUPPORTING AT RISK VETERANS OR VETERANS THAT ARE EXPERIENCING HOMELESSNESS? I CAN'T IMAGINE THAT IT'S NOT BECAUSE YOU KNOW, AS IS PROBABLY BETTER THAN ANY THAT A LOT OF OUR VETERANS ARE SUFFERING FROM SUBSTANCE USE DISORDERS AND THERE ARE A LOT OF IN RECOVERY PROGRAMS. SO I AM VERY, VERY HOPEFUL THAT A LOT OF THIS MONEY WILL GO TO TO OUR ARE OUR VETERANS THAT ARE CURRENTLY IN PROGRAMS AND GETTING WELL THE AS YOU KNOW SHEILA THE THE FASTEST GROWING HOMELESS POPULATION ONE OF THE FASTEST I SHOULD SAY IS WOMEN VETERANS AND THEY HAVE UNIQUE CHALLENGES AS WELL. ARE YOU THINKING ABOUT ANY ANY TYPE OF PROGRAM WHERE WE CAN ENSURE WOMEN VETERANS INCLUDING THEIR CHILDREN HAVE AN OPPORTUNITY TO GET STABLE HOUSING HERE IN THE CITY? SO I THINK GIVEN THIS GRANT WE CAN CERTAINLY AND I'LL HAND THIS OVER TO DAN IF HE'S GET IF HE AND THE TEAM HAVE GIVEN ANY THOUGHT BUT LIKE REALLY WORK VERY, VERY CLOSELY WITH A LOT OF OUR NON-PROFITS THAT WORK IN SUBSTANCE USE DISORDERS AND MAKE SURE THAT THE OUTREACH IS BEING DONE TO IT TO THE FOLKS THAT ARE VETERANS IN THEIR PROGRAMS. I DON'T KNOW IF YOU'VE GIVEN THAT ANY THOUGHT, DAN. YEAH, I THINK WE'RE JUST IN THE PROCESS OF REACHING OUT WITH FOCUS GROUPS AND CONVERSATION WITH PROVIDERS ABOUT HOW TO STRUCTURE THE RFP AND SO I, I I'LL MAKE SURE IF WE HAVEN'T ALREADY THAT WE ARE ENGAGING WITH VETERANS GROUPS BUT IF IF YOU THINK THAT THERE ARE SUPPORT SERVICES THAT ARE UNIQUE TO VETERANS OR ORGANIZATIONS THAT ARE REALLY DEALING WITH VETERANS AND YOU'D LIKE TO PUT US IN TOUCH WITH THOSE. COUNSELOR FLYNN WE'D BE GLAD TO FOLLOW UP AS WE DESIGN THIS. APPRECIATE THAT AND THANK YOU SHEILA, TO YOU AND YOUR TEAM. MADAM CHAIR, I HAVE NO FURTHER QUESTIONS. THANK YOU. THANK YOU, COUNSELOR FLYNN. I'M JUST BEFORE I PROCEED, I JUST READ THE LETTERS OF ABSENCE FROM TWO OF MY COLLEAGUES. DEAR COUNSELOR TO BREADON, MR. CLERK AND COUNCILOR COLLEAGUES, PLEASE BE ADVISED THAT I AM UNABLE TO ATTEND TODAY'S COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT HEARING ON DOCKET 06330695A HEARING REGARDING A GRANT FROM THE MRA DEPARTMENT MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH THE ACCEPTANCE AND EXPENDITURE OF PAYMENTS TO THE CITY AND BOSTON'S INCLUSIONARY DEVELOPMENT POLICY FUND. MY STAFF WILL WATCH THE LIVE STREAM AND REPORT BACK TO ME WITH NOTES. I WILL FOLLOW UP WITH ANY ADDITIONAL QUESTIONS UPON REVIEWING THE RECORDING AND MY STAFF'S NOTES. SINCERELY ENRIQUE PEPEN, BOSTON CITY COUNCILOR FOR DISTRICT FIVE. I ALSO HAVE A LETTER OF ABSENCE FROM AN APOLOGY FROM CITY COUNCIL PRESIDENT RECEIVING THE VISION. DEAR COUNCILOR BREADON I'M UNABLE TO ATTEND THE CITY COUNCIL MEETING ON COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT HEARING ON DOCKET 0633 AND DOCKET 60695A HEARING REGARDING A GRANT FROM THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH AND ACCEPTANCE AND EXPANDED OF PAYMENTS TO THE CITY OF BOSTON'S INCLUSIONARY DEVELOPMENT POLICY FUND. THESE DOCKETS ARE A VITAL COMPONENT COMPONENT TO ADDRESSING THE HOUSING NEEDS WITHIN OUR CITY. I'M PARTICULARLY INTERESTED IN THE RECENT TRANSITION OF THE HOUSING COMPLIANCE STAFF TO MONITOR AND ENFORCE OBLIGATIONS UNDER AFFORDABLE HOUSING AGREEMENTS ENTERED INTO UNDER THE IDP. FROM THE BOSTON PLANNING AND DEVELOPMENT AGENCY, THE BPA TO THE MAYOR'S OFFICE OF HOUSING. GIVEN THIS SHIFT ALL AFFORDABLE HOUSING AGREEMENTS UNDER THE IDP SHOULD BE FORMALLY AND LEGALLY ASSIGNED TO THE MAYOR'S OFFICE OF HOUSING. GIVEN THIS NEW STRUCTURE, CAN THE ADMINISTRATION PROVIDE CLARIFICATION ON HOW THIS TRANSLATES? THE TRANSITION WILL IMPACT THE MONITORING AND ENFORCEMENT OF THESE AGREEMENTS. SPECIFICALLY, HOW CAN THE COUNCIL TRACK AN INDIVIDUAL DEVELOPMENT'S IDP FUND COMMITMENTS THROUGH THE ACCEPT AND ACCEPT AND EXPENDITURE CYCLE AS PASSED THROUGH THE COUNCIL AND ON TO THE NEXT HOUSING PROJECT SINCE YOU. SHOULD YOU OR ANY MEMBER OF THE PUBLIC HAVE ANY QUESTIONS OR CONCERNS? PLEASE DO NOT HESITATE TO REACH OUT TO MY OFFICE DIRECTLY AT 6176354376 OR TO RECEIVE DOUBLE VISION AT BOSTON DOT GOV. SINCERELY AND LOOSELY RECEIVED THE VISION BOSTON CITY COUNCIL PRESIDENT THERE WAS A FEW OF OUR QUESTIONS WE CAN MAYBE ADDRESS THOSE AND THEN IN THE I CAN BRING THOSE UP LATER. THANK YOU. SO WE CAN MOVE ON TO THE NEXT DOCKET AND SOME OVER SEASON BEG YOUR PARDON. WE'VE BEEN JOINED BY OUR MY COLLEAGUE AND COUNCILOR TANYA FERNANDEZ ANDERSON OF DISTRICT SEVEN. OKAY, GREAT. SO ONCE AGAIN, THANK YOU FOR HOLDING THIS HEARING AND CONSIDERING AND ACCEPT AND EXPEND VOTE FOR INCLUSIONARY DEVELOPMENT FUNDING. THIS IS A THIS IS A RATHER ROUTINE REQUEST. WE WE COME BEFORE THE CITY COUNCIL WITH SOME FREQUENCY AND REQUEST THE AUTHORIZATION TO ACCEPT IDP FUNDING THAT IS COLLECTED FROM THE DEVELOPMENT COMMUNITY THAT TREASURY HOLDS AND THAT AND TO SPEND IT ON REALLY WORTHWHILE PROJECTS. WE WE PUT THIS MONEY OUT. WE TAKE IT VERY SERIOUSLY. WE PUT THIS MONEY OUT IN COMPETITIVE RFP AND WORK VERY CLOSELY WITH ALL OF YOUR COMMUNITIES TO MAKE SURE THAT WHAT WE'RE FUNDING THE COMMUNITY HAS A SAY IN AND CERTAINLY SHAPES THE DEVELOPMENTS THAT WE DO FUND. I'M GOING TO JUST GO OVER A COUPLE OF INTRODUCTORY SLIDES AS I GET MY COMPUTER BACK AND THEN I'LL HAND IT OVER TO RICK WILSON, OUR AAF DIRECTOR WHO REALLY DOES MONITOR ALL OF THESE COLLECTION OF FUNDS AND THE EXPENDITURE OF AND I DO WE CAN TALK SOME TOO ABOUT THE COMPLIANCE THAT WE HAVE TAKEN OVER AS OF JULY 1ST OF THIS YEAR FROM THE BPA. SO IF I COULD JUST TO REFRESH EVERYONE'S MEMORY ON IDP AND WHAT WHAT IS CURRENTLY IN PLACE . IT IS A IT'S A POLICY THAT BEGAN IN THE YEAR 2000 HERE AND DEVELOPERS OF PRIVATE RESIDENTIAL BUILDINGS WHO MEET CERTAIN CONDITIONS EITHER HAVE TO CREATE AFFORDABLE HOUSING UNITS ONSITE OR OFFSITE OR CONTRIBUTE IN SOME CIRCUMSTANCES TO A FUND WHICH WE OVERSEE. IT IS CURRENTLY TRIGGERED WHEN SOMEONE IS SEEKING ZONING RELIEF FROM THE CITY OF BOSTON AND WHEN THEIR PROJECT HAS OVER 1010 UNITS OR MORE UNLESS OF COURSE THE PROJECT IS AN AFFORDABLE HOUSING PROJECT. 13% OF THE UNITS MUST BE SET ASIDE AS INCOME RESTRICTED. OR IF THEY'RE BUILDING OFF SITE THE PERCENTAGE IS 18 OR THEY PAY INTO A FUND THAT WE ARE MEANT THAT WE MENTIONED. AND IF IT'S A RENTAL PROJECT THEY'RE PAYING SOMEWHERE BETWEEN 200 AND $380,000 PER UNIT. IT WAS FIRST IMPLEMENTED IN 2000 UNDER MAYOR MENINO AND IT'S BEEN UPDATED SEVERAL TIMES SINCE THEN. IT'S BEEN AN INCREDIBLY PRODUCTIVE PROGRAM AND I KNOW IT AND I GOT TO THANK THIS BODY FOR HELPING US ALONG THE WAY SHAPE IT AND REALLY FOLLOWING IT AND MAKING SURE THAT THE DEVELOPERS WORKING YOUR COMMUNITY ARE ARE AT LEAST MEETING IF NOT EXCEEDING THE REQUIREMENTS. SO SINCE IT'S INCEPTION WE HAVE CREATED OVER 40 4400 UNITS ON SITE ON SITE IN IN BUILDINGS, MIXED INCOME BUILDINGS, MANY IN NEIGHBORHOODS WHERE WE DON'T HAVE THE SAME PERCENTAGES OF AFFORDABLE HOUSING AS WE DO IN OTHER PARTS OF THE CITY. WE'VE TAKEN THE CASH THAT THE PROGRAM HAS PROVIDED AND WE'VE CREATED ANOTHER OVER 3400 UNITS. SO FOR A TOTAL RIGHT NOW OF 8200 UNITS. SO REALLY ONCE AGAIN IF YOU THINK ABOUT BOSTON. BOSTON HAS ABOUT 58,000 UNITS. THIS PROGRAM HAS HAS CREATED 8000 OF THOSE. SO A VERY, VERY PRODUCTIVE PROGRAM THAT HASN'T COST THE CITY ANYTHING OUT OF ITS OPERATING BUDGET. WITH THAT I AM GOING TO HAND IT OVER TO RICK WILSON, OUR AAF DIRECTOR WHO'S GOING TO WALK THROUGH THIS PERSPECTIVE PARTICULAR REQUEST. THANKS. THANKS, SHEILA. SO I'M JUST GOING TO START WITH BY PROVIDING AN OVERVIEW OF THE ADP FUND AS SHEILA MENTIONED THE ADP FUND REVENUES COME FROM PAYMENTS IN LIEU OF UNITS. THOSE ARE TYPICALLY PAID IN OVER SEVEN YEARS AND ALSO FROM SOME SMALLER ONE TIME PAYMENTS THAT RESULT FROM THE ADP FORMULA. AS SHEILA MENTIONED, MOST PROJECTS THESE DAYS DUE TO INTENTIONAL CHANGES TO THE TO THE POLICY. MOST PROJECTS ARE FUNDING PUTTING THEIR UNITS ON SITE OR OFFSITE. VERY FEW ARE CASHING OUT OR PAYING INTO THE FUND AT THIS POINT. SO IT'S YOU KNOW THE REVENUE HAS BEEN SOMEWHAT STEADY WHICH I'LL GO INTO A LITTLE BIT LATER. BUT THE NUMBER OF PROJECTS PAYING IN HAS REALLY DIMINISHED OVER OVER TIME. THE FUNDS THAT COME INTO THE ADP FUND CAN BE USED FOR THE CREATION AND PRESERVATION OF LONG TERM AFFORDABLE HOUSING UNITS. THEY CAN BE RENTAL HOMEOWNERSHIP, COOPERATIVE OR OTHER FORMS OF PERMANENT OR TRANSITIONAL HOUSING ALL UNITS HAVE TO BE HAVE TO HAVE AFFORDABLE HOUSING RESTRICTION . THESE ARE ALL OBVIOUSLY INCOME INCOME RESTRICTED. ON THE RENTAL SIDE THEY HAVE A MAXIMUM INCOME LIMIT OF 70% OF THE AREA MEDIAN INCOME FOR THE MANY UNITS ARE RESTRICTED TO LOWER INCOMES. AND ON THE OWNERSHIP SIDE THE MAXIMUM INCOME LIMIT IS 100% OF MY THOUGH WITHIN ANY ANY ONE PROJECT AT LEAST HALF OF THE UNITS. BUT HALF OF THE AFFORDABLE UNITS MUST BE RESTRICTED TO 80% OF AM-I OR LESS. AND AGAIN, JUST TO BE CLEAR, I'M TALKING ABOUT THE UNITS THAT ARE CREATED WITH THE ADP FUND AS SHEILA MENTIONED, WHICH HAS THE PRIMARY RESPONSIBILITY OF ADMINISTERING THE FUNDS. WE TRACK THEM, WE INVOICE THEM, WE COLLECT WE WE AWARD THEM THROUGH OUR FEES. SHEILA MENTIONED TREASURY DEPARTMENT DOES HAVE A ROLE BUT IT'S MERELY TO RECEIVE AND DEPOSIT AND DEPOSIT THE PAYMENTS. SURE I'M QUICK AND FORWARD ON THE RIGHT THING HERE. OKAY. SO JUST TO PROVIDE SHEILA TALKED ABOUT KIND OF HIGH LEVEL OVERALL ACCOMPLISHMENTS OF THE ADP OF THE POLICY ITSELF INCLUDING ONSITE AND OFFSITE. I'M FOCUSING RIGHT HERE ON THE ACCOMPLISHMENTS FROM THE ADP FUND SINCE I TOOK OVER ADMINISTRATION IN FY15. IN THAT TIME THE FUNDS HAVE HELPED CREATE OVER 2300 NEW UNITS OF INCOME RESTRICTED HOUSING ACROSS ALMOST EVERY NEIGHBORHOOD OF THE CITY. OVER 1700 NEW RENTAL UNITS NEARLY 600 NEW HOME OWNERSHIP UNITS. IN ADDITION, WE HAVE PRESERVED OR ACQUIRED OVER 600 UNITS OF EXISTING RENTAL HOUSING INCLUDING 450 UNRESTRICTED UNITS THAT WERE CONVERTED TO PERMANENTLY AFFORDABLE THROUGH THE ACQUISITION OPPORTUNITY PROGRAM. ONE OF OUR MOST SUCCESSFUL AND IMPACTFUL ANTI DISPLACEMENT PROGRAMS IN THE CITY 154 UNITS THAT WERE THAT HAVE BEEN PRESERVED IN PERPETUITY. SO IN TOTAL BETWEEN NEW AND ACQUIRED OR PRESERVED OVER NEARLY 3000 UNITS A LITTLE OVER 2900 UNITS CREATED OR PRESERVED SINCE 515. HERE'S THE STATUS OF THE FUND AS OF AS OF RIGHT NOW ACTUALLY IN 2014 WHEN WE TOOK OVER ADMINISTRATION THE BPD TRANSFERRED ABOUT $21.5 MILLION FROM THE ADP FUND WHICH SINCE THEN WE HAVE COLLECTED OVER $163 MILLION IN ADP PAYMENTS INTO THE FUND. SO TOTAL REVENUE COLLECTED THROUGH THE END OF F4 24 WAS ABOUT $184.5 MILLION. WE'RE PROJECTING TO COLLECT AROUND $34 MILLION THIS FISCAL YEAR WHICH WOULD BRING OUR TOTAL REVENUE THROUGH THE END OF THIS YEAR TO BE 218.8 MILLION. ON THE EXPENDITURES SIDE THROUGH THOSE RFP THAT SHEILA MENTIONED THE ACQUISITION OPPORTUNITY PROGRAM, THE NEIGHBORHOOD HOMES INITIATIVE WE HAVE FUNDED $143 MILLION INTO PROJECTS WE ARE PROJECTING TO FUND OVER $65 MILLION IN PROJECTS THIS FISCAL YEAR. NOW THAT'S THAT'S SUBJECT TO CHANGE. THIS INCLUDES PROJECTS THAT HAVE BEEN AWARDED THAT ARE DUE FOR A COMMITMENT THAT WE EXPECT TO COMMIT THIS YEAR. THIS ALSO INCLUDES PROJECTS THAT YOU KNOW ARE IN OUR PIPELINE. THEY'RE KNOWN PROJECTS, THESE ARE IDENTIFIED PROJECTS. WE'RE NOT JUST MAKING THEM UP OUT OF THIN ARE THEY'RE REAL THEY'RE REAL PROJECTS. BUT IT IS OF COURSE IT'S POSSIBLE THAT FIRST BECAUSE THEY'RE WAITING FOR STATE FUNDING OR FOR OTHER REASONS THEY WILL GET PUSHED INTO NEXT YEAR. BUT WE DO NEED TO MAKE SURE THAT WE HAVE THE FUNDING SET ASIDE FOR THEM WHEN THEY NEED THAT WHEN THEY NEED THAT FUNDING COMMITMENT. IN ADDITION, WE DO USE A PORTION OF THE ADP REVENUE TO FUND PROGRAM MANAGEMENT COSTS TO THE TUNE OF ABOUT $10 MILLION OVER THE PAST NINE YEARS AND INCLUDING THIS COMING YEAR TO THIS CURRENT FISCAL YEAR. SO TOTAL EXPENDITURE PROJECTED EXPENDITURES THROUGH THE END OF THIS YEAR AGAIN OF $218.8 MILLION. WE TRY TO BALANCE OUR BUDGETS HERE AND I THINK THE TAKEAWAY HERE COUNCIL'S IS THAT WE HAVE A VERY STRONG PIPELINE OF PROJECTS. WE ARE SPENDING EVERY PENNY OF ADP REVENUE TRYING TO GET IT OUT AS YOU KNOW AS QUICKLY AS POSSIBLE INTO IMPACTFUL PROJECTS ALL OVER ALL OVER THE CITY. SO WHICH BRINGS US TO TODAY'S REQUEST AS AS YOU MENTIONED, COUNSELOR, WE'RE REQUESTING $40 MILLION TODAY AN AUTHORITY TO COLLECT AND EXPAND ACCEPT AND EXPAND ADP FUNDS. THIS IS THE SEVENTH TIME WE'RE COMING BEFORE THE CITY COUNCIL . SO FAR WE HAVE AUTHORITY TO ACCEPT AND EXTEND $184.9 MILLION. SO WITH THIS $40 MILLION REQUEST THAT WILL TAKE US TO JUST UNDER $2,225 MILLION WHICH AGAIN WILL WE THINK WILL LAST US THROUGH THE END OF THIS FISCAL YEAR MAYBE A LITTLE BIT INTO NEXT FISCAL YEAR DEPENDING ON THE TIMING OF COLLECTIONS. WE DID PREPARE A FEW JUST SOME EXAMPLES OF PROJECTS THAT WE HAVE RECENTLY FUNDED OR THAT HAVE RECENTLY EITHER THAT HAVE BEEN COMPLETED WITH ADP FUNDS. THE FIRST IS PARCEL 25 PHASE A IN MISSION HILL. THIS IS A THIS IS 46 UNITS OF MIXED INCOME AFFORDABLE RENTAL HOUSING UNDER THE ROXBURY CROSSING MBTA STATION 7075 HUNTINGTON AVE IN MISSION HILL 12 STORY A MIXED USE MIXED INCOME DEVELOPMENT 112 UNITS INCLUDING 57 RENTAL AND 55 HOME OWNERSHIP HOMEOWNERSHIP. OH SORRY I'M CLICKING IT ON MY COMPUTER BUT NOT ON THE SLIDE UP HERE. THAT'S 775 HUNTINGTON RIGHT THERE STONELEIGH BERKELEY AND JAMAICA PLAIN 45 INCOME RESTRICTED HOMEOWNERSHIP UNITS INCLUDING FIVE LIVE WORK STUDIOS MAGNOLIA WOODFORD, ROXBURY THIS IS PART OF OUR NEIGHBORHOOD HOMES INITIATIVE I THINK ON FORMERLY CITY CITY OWNED LAND SEVEN UNITS OF MIXED INCOME HOUSING INCLUDING FIVE INCOME RESTRICTED UNITS AND THESE WILL BE HELD UNDER A GROUND LEASE WITH DUDLEY NEIGHBORHOODS INC. WE DO WORK WITH COMMUNITY LAND TRUSTS USING ADP FUNDS AS WELL OVER IN EAST BOSTON AILERON HOMEOWNERSHIP PROJECT WHICH HAS SEVEN UNITS OF INCOME RESTRICTED HOMEOWNERSHIP UNITS AGAIN ON FORMERLY CITY OWNED LAND AND FINALLY PARCEL 12 IN CHINATOWN WHICH IS A MIXED INCOME UNIT DEVELOPMENT WITH 36 HOMEOWNERSHIP UNITS AND 96 RENTAL RENTAL UNITS ON LAND THAT WAS OWNED BY THE PLANNING DEPARTMENT. AND THAT CONCLUDES OUR PRESENTATION. COUNSELOR SHEILA, ANY CLOSING REMARKS? NOW THAT'S JUST A SAMPLE OF SOME OF THE PROJECTS THAT WE'VE DONE RECENTLY JUST TO ILLUMINATE HOW WE'RE SPENDING THE MONEY. THANK YOU, RICK. THANK YOU. I APOLOGIZE. I HAVE TO APOLOGIZE TO MY COUNSELOR AND COLLEAGUE TANYA FERNANDEZ ANDERSON. I I WASN'T AWARE OF YOU IN MY MY MY VISION FIELD DIVISION IS RESTRICTED BACK THERE SO I'M SORRY I MISSED YOU EARLIER. WE'VE ALSO BEEN JOINED BY COUNSELOR FITZGERALD AND COUNSELOR MORROW. SO COUNSELOR FERNANDEZ ANDERSON DO AND YOUR FIRST ON THE LINE AFTER COUNSELOR FLYNN. SO YOUR QUESTIONS. THANK YOU. THANK YOU, MADAM CHAIR. CHIEF EVERYONE, GOOD TO SEE YOU. COULD YOU JUST SOME QUICK QUESTION I GUESS ON THE MATH IT JUST FELT LIKE WE WERE GOING A LITTLE BIT OVER BUDGET SO I WAS JUST CURIOUS ON OVER HERE WAS IT TOOK US TO THE PROJECTED WITH FY 25 TO 8218 MILLION BUT THEN TURN FOR AUTHORIZATION ON THE SECOND PAGE WOULD BRING US TO 224 MILLION. YEAH THIS IS SO THIS IS HOW WE'VE APPROACHED THESE REQUESTS IN THE PAST IS YOU KNOW WE THERE ARE YOU KNOW WELL I GUESS THE NUMBER OF PROJECTS PAYING INTO THE FUND AS I MENTIONED HAS DIMINISHED OVER TIME BUT THESE ARE ALL BASED ON PROJECTIONS SO WE TYPICALLY REQUEST A LITTLE BIT MORE THAN WE THINK WE'RE GOING TO GET AND THIS WAY JUST GIVES US SOME SOME CUSHION IN CASE A PAYMENT COMES IN THAT WE WEREN'T EXPECTING BECAUSE OF SOMETHING GETTING GETTING TRIGGERED OR A PROJECT PULLING A PAYMENT THAT TRIGGERS A PAYMENT THAT WE DIDN'T HAVE ON YOU KNOW THAT WE WERE TRACKING BUT DIDN'T KNOW WAS GOING TO COME IN DURING THIS FISCAL YEAR. WE DON'T WANT TO BE IN A POSITION WHERE WE CAN'T ACCEPT IT OR WE CAN'T EXTEND IT BECAUSE WE'RE BUMPING UP AGAINST OUR EXPENDITURE, OUR APPROPRIATION AUTHORITY. SO WE THINK THIS LIKE I SAID, THE $280 MILLION IN PROJECTED REVENUE THAT WE'RE EXPECTING BY THE END OF THIS FISCAL YEAR IT IS JUST A PROJECTION I THINK IT'S A SOLID PROJECTION BUT THIS GIVES US A LITTLE BIT OF CUSHION IN CASE OF ADDITIONAL FUNDING COMES BACK, COMES IN. BUT REGARDLESS WE'LL BE BACK IN FRONT OF YOU WITHIN A YEAR, MAYBE A YEAR AND A HALF AGAIN REQUESTING ADDITIONAL ADDITIONAL AUTHORITY FOR FUTURE FUTURE PAYMENTS INTO THE FUND. THANK YOU. AND CHIEF, DO YOU HOW DO YOU GUYS PRIORITIZE OR HOW DO YOU FIGURE OUT IF IT'S GOING TO BE A UNIT OR INSTEAD OF PAYMENT LOOKS? YEAH. SO IT'S A IT'S A FABULOUS QUESTION AND SO USUALLY IT COMES OUT OF A COMMUNITY PROCESS IN PART AND I WILL SAY THAT OVER THE ESPECIALLY OVER THE LAST FIVE OR SIX YEARS WE'VE BEEN VERY INTERESTED IN PROJECTS MEETING THEIR OBLIGATION ON SITE OR VERY, VERY, VERY CLOSE TO THE MARKET RATE DEVELOPMENT BECAUSE IN MANY NEIGHBORHOODS THIS IS HOW THEY'RE CREATING AFFORDABLE HOUSING AND THEN BUT SOMETIMES WHEN YOU DO THE MATH THE THE CASH OUT IS SO SIGNIFICANT ESPECIALLY IF IT'S LIKE A DOWNTOWN HOMEOWNERSHIP PROJECT AND WE LOOK AT THE NEEDS ACROSS THE CITY, WE SAY YOU KNOW WHAT, THIS MAKES SENSE. WE'LL BE ABLE TO HELP SO MANY MORE FAMILIES SO IT'S PART COMMUNITY PROCESS, PART DOING THE MATH BUT I WOULD SAY THE VAST MAJORITY OF THE TIMES WE DO WANT THE UNITS ON SITE TO CREATE MIXED INCOME DIVERSE COMMUNITIES. THANK YOU. YOU LISTED CERTAIN PROJECTS HERE THAT WE ARE ALREADY WORKING ON. DO YOU HAVE AN IDEA OF HOW THIS 40 MILLION IS GOING TO BE EXPENDED? SO I'LL HAND OVER TO THE I MEAN WE ARE WE WILL PUT OUT AN RFP OR WE ARE ABOUT TO PUT OUT AN RFP AND I THINK IT'S ACTUALLY MAKING ITS WAY THROUGH THE PROCESS NOW I'M LOOKING AT SOMEONE FOR A NOD. SO WE WILL COMPETITIVELY WE PUT IT OUT WERE THERE COMPETITIVE WE WE UNDERWRITE THEM WE REVIEW THEM AS THEY COME IN. SO IT'S A REALLY COMPETITIVE PROCESS TO GET THE FUNDING. WE ARE LOOKING FOR AFFORDABLE HOUSING IN AREAS WHERE THERE ARE PERCENTAGE IS LOWER JUST BECAUSE I KNOW IT'S A CONCERN OF YOURS WHERE WE DON'T SEE AS MUCH AFFORDABLE HOUSING WE'RE LOOKING FOR NEIGHBORHOOD OTHER NEIGHBORHOODS TO STEP UP IF THE PERCENTAGES ARE LOW SO THAT IT'S A COMPETITIVE PROCESS THAT HAS A LOT OF EYES. WE ALSO LOOK FOR WE ALSO LOOK FOR TO SEE THAT THEY HAVE MET WITH YOUR OFFICES JUST BECAUSE I THINK THAT'S IMPORTANT TO US AND THAT YOU'RE FULLY AWARE OF WHAT'S BEING PROPOSED IN YOUR NEIGHBORHOODS. THAT WAS GOING TO BE MY NEXT THING IN TERMS OF THE MY 18% IS STEEP EVEN FOR A CITY COUNCILOR RIGHT? SO WE'RE I GUESS I'M TRYING TO FIGURE OUT LIKE YOU KNOW, IN TERMS OF OTHER TYPES OF REVENUE HOW DO WE DIVERSIFY THIS INCOME COMING IN SO THAT WE CAN DO MORE. YEAH. SO THE AMP IS ON THE REQUIREMENTS ARE HIGHER TYPICALLY THAN WHAT THE APPLICATIONS COMING IN BECAUSE THEY'RE SORT OF MIXING FUNDING SOURCES AND A LOT OF THOSE FUNDING SOURCES ARE GOING TO BRING DOWN THE INCOMES BUT WE WERE TALKING ABOUT THAT IN THE OFFICE TODAY AND YESTERDAY BECAUSE BOSTON'S ARMS ARE SET IT'S BOSTON AND THEN IT'S A LOT OF VERY WEALTHY CITIES AND TOWNS AROUND US THAT INFLUENCE OUR ARMIES BECAUSE THEY'RE SET BY THE FEDERAL GOVERNMENT. WE ARE REALLY LOOKING AT THE AMBITIOUS LATELY THAT THEY'VE JUST SEEM TO HAVE GONE UP BEYOND ANYTHING WE CAN RECOGNIZE. SO WE ARE GOING TO BE LOOKING FOR PROJECTS TO COME INTO THE FUNDING ROUND THAT ARE REALLY SERVING BOSTON RESIDENTS AND WE'RE LOOKING FOR LOWER ARMIES . SO EVEN THOUGH IT'S AN UP TO WE'RE GOING TO BE LOOKING FOR ARMIES THAT LIKE I SAID, SERVE OUR FAMILIES AND OUR SENIORS. CAN YOU SPEAK TO THE OTHER CRITERIA AS YOU WILL SEE? SURE. AND IF I CAN SEND IT OVER TO YOU BUT AND IT'S IT'S SO WE'RE LOOKING FOR THOSE WHO SERVE DISABLED POPULATIONS FAMILIES OF COURSE SENIORS CITY ON LAND WHERE WE'RE NOT SEEING AS MUCH AFFORDABLE HOUSING OR THERE'S LOWER PERCENTAGES. I CAN GET YOU OVER THE LIST. IT'S PROBABLY A TEN OR 12 CRITERIA OR PRIORITY PRIORITIES BUT I CAN GET THAT OVER TO THIS AFTERNOON. IT DOES FEEL LIKE THE REST OF MY QUESTIONS I CAN REACH OUT TO YOU. YEAH, I THINK IT'S AN EXCELLENT PROGRAM. THANK YOU SO MUCH FOR SURE AND YOUR FEEDBACK IS ALWAYS WELCOME AND BUT I DO I DO HEAR YOUR VOICE SOMETIMES WHEN WE'RE WHEN WE'RE DESIGNING THINGS. SO I'M TAKING CERTAINLY THE COMMENTS ABOUT MAKING SURE THAT EVERY NEIGHBORHOOD HAS AFFORDABLE HOUSING TO HEART. I HEAR YOUR VOICE EVERY TIME I THINK ABOUT HOUSING I, I AM VERY INTERESTED IN THE ANTI DISPLACEMENT EFFORTS COMING SOON HOPEFULLY. SO LOOKING FORWARD TO TALKING TO YOU ABOUT THAT. I'M VERY, VERY EXCITED FOR THAT CONVERSATION. THE IN THE PLANNING THE DISPLACEMENT DOES YES. YES WE ARE TOO. WE'VE HAD SOME REALLY GOOD CONVERSATIONS WITH A LOT OF THE ADVOCATES AND GROUPS THAT HAVE BEEN BRINGING THIS FORWARD AND I THINK IT'S I THINK IT'S GREAT. IT'S PRETTY COMPREHENSIVE. SO YEAH, I LOOK FORWARD TO WORKING WITH YOU. LIKEWISE. THANK YOU. THANK YOU. COUNCILMAN FROM CANTOR FITZGERALD, YOU'RE NEXT. I'M GIVING EVERYBODY 7 MINUTES SO I THINK GONE OVER BUT THAT'S PROBABLY FOR SMALL GROUPS SO WE CAN KEEP IT MOVING. THANK YOU. THANK YOU, CHAIR AND THANK YOU FOLKS SHEILA, RICK, JIM FOR COMING HERE TODAY. I WAS THINK ABOUT ONE OF THE STATS SHE SAID THAT THIS ABOUT THE 58,000 UNITS THAT THAT IS ENTIRETY IN THE CITY THAT THAT WE CURRENTLY HAVE. YEAH IT'S A I THINK IT'S 57 AND YEAH YEAH AND ABOUT 8000 SO THE ROUGH MATH IS ABOUT ONE SEVENTH OF THE OF THE HOUSING UNIT APARTMENTS OR OR I MEAN RESIDENT ALL RESIDENTIAL ALL RESIDENTIAL OKAY SO ABOUT A SEVENTH OF ALL RESIDENTIAL IF I'M SAYING THIS RATE HAS BEEN BUILT OFF WITHOUT CITY BUDGET. OF OUR AFFORDABLE HOUSING PORTFOLIO YES THE AFFORDABLE YES IF YOU WERE TO ADD WHAT WE USE IN THE CITY BUDGET TO BUILD AFFORDABLE HOUSING, WHAT PERCENTAGE DO YOU THINK WE'RE AT? A FRACTION. DO YOU THINK WE'RE OUT OF THOSE 58,000 SAY THAT AGAIN LIKE IF YOU SAID WE BUILD ABOUT A SEVENTH OF IT WITH OFF THE BOOKS. YEAH RIGHT NOW IF YOU PUT IN IF YOU ADDED WHAT WE DO USE ON THE BOOKS AND THEN SORT OF TOTAL THAT ALL UP WHAT WOULD BE THE PERCENTAGE OF THAT 58,000 THAT WE BUILT. YEAH WE JUST LIKE YEAH THAT'S SO YEAH CATEGORY IF YOU'RE ASKING ABOUT LIKE THE ACTUAL CITY FUNDING THAT GOES INTO AFFORDABLE HOUSING DEVELOPMENT IS THAT WHAT YOU MEAN LIKE OF CITY RESOURCES LIKE GENERAL FUND DOLLARS OR OR JUST THE AMOUNT OF THOSE UNITS RIGHT THAT WE HAVE CURRENTLY ALREADY CREATED OR HAVE BUILT WITH ON THE BOOKS MONEY YEAH. SO ABOUT 14 I JUST DID THE MATH SO THERE'S ABOUT 58,000 UNITS OF DEED RESTRICTED AFFORDABLE HOUSING IN THE CITY. I THINK THERE'S ABOUT 300,000 UNITS OF HOUSING. YEAH LIKE GENERALLY GOOD AND 8000 HAVE BEEN DONE HAVE BEEN CREATED OUT OF THIS PROGRAM SO IT'S ABOUT 14% OF THE OF OUR TOTAL AFFORDABLE HOUSING PORTFOLIO IS INCLUSIONARY 80 UNITS. GOTCHA. OKAY. SO THEN THERE WAS PART B IT WAS IF WE WERE TO JUST LOOK AT THAT 58,000 AFFORDABLE UNITS AND ADD BOTH THE OFF THE BOOKS FOR THROUGH THE ADP THAT WE'VE DONE AND THE CITY BUT ANY INVESTMENT THE CITY HAS MADE ON THE BOOKS AND TOLD IT IT UP WHAT IS THE TOTAL OF THE AFFORDABLE UNITS THE CITY HAS KIND OF PUT FORWARD OH LORD I THINK I'D HAVE TO SPEND SOME TIME WITH THAT MATH BECAUSE SOME OF THAT THE 58,000 ALSO INCLUDES A B WHICH WE'RE NOW PUTTING MONEY IN AS YOU KNOW TO RENOVATE BUT WE DIDN'T NECESSARILY FUND THEM IN IN THE BEGINNING. THERE'S THE IDP UNITS THAT WE DON'T FUND AND THEN THERE IS THE VARIED PROGRAMS THAT WE DID USE OUR FUNDING TO CREATE. SO I THINK I'M GOING TO GET YOU A SUMMARY IF THAT'S OKAY BUT I WANT TO GIVE IT A LITTLE BIT OF THOUGHT AND I WANT TO DO A LITTLE RESEARCH. YEAH, AND THESE AREN'T LEADING QUESTIONS I DON'T HAVE I'M NOT TRYING TO GET TO A POINT. IT'S MORE JUST UNDERSTANDING RATE OF OKAY DID THE THE FACT IT STRUCK ME THE STAT YES STRUCK ME AND SAY OH I WONDER HOW MUCH WE DO IF WE HAD THE MONEY WE DO PUT INTO IT AND HOW MUCH OF THAT IS A TOTAL AND HOW MUCH IS OTHER ONES SO THAT'S FANTASTIC. OBVIOUSLY VERY FAMILIAR WITH ADP OVER THE YEARS IT'S BEEN A VERY SUCCESSFUL PROGRAM. IT DOES INCLUDE WHEN COMMERCIAL IS BUILT RIGHT? SO COMMERCIAL TRIGGERS LINKAGE ,RIGHT? RIGHT. SOME SLIGHTLY DIFFERENT YEAH SLIGHTLY DIFFERENT BUT WE ALSO SO FOR FOLKS THAT ARE WATCHING WHEN A DEVELOPER COMES FORWARD AND IS DEVELOPING A COMMERCIAL BUILDING AND IT'S OVER 100,000 SQUARE FEET WE TAKE A LITTLE FEE AND IT'S PRETTY SMALL AGAINST THE TOTAL DEVELOPMENT COSTS AND THEY DO TAKE THAT FEE AND WE MAKE IT AVAILABLE TO CREATE AFFORDABLE HOUSING TOO. WE HAVE WORKFORCE DEVELOPMENT AND HOUSING. YES. CORRECT. CORRECT. AND SO THAT IS THAT IS NOT INCLUDED IN AN INCLUSIONARY DEVELOPMENT POLICY FUND THAT IS A SEPARATE HOUSING FUND. SEPARATE. OKAY. NO, THAT'S GREAT. NO, YOU KNOW, I REALLY DON'T HAVE ANY FURTHER QUESTIONS IS FAMILIAR AND THIS IS REALLY JUST THE AUTHORIZATION IS THIS MORE THE TRANSFER FROM BPA TO YOU ALL I KNOW THAT HAPPENED BACK IN 2014 BUT IS THIS WITH IT NOW BEING A PLANNING DEPARTMENT IS THIS MORE OF LIKE A PROCESS HANDOVER IF THAT'S NOT THAT'S NOT WHAT THIS REQUEST IS. I MEAN YES, WE ARE WE ARE WE ARE OBVIOUSLY DEALING WITH THAT AS WELL. HAVE THE TRANSFER HAVING JUST HAPPENED ON JULY 1ST OF THIS YEAR. BUT NO, THIS IS ROUTINE. WE'VE BEEN DOING THIS 2014 YOU KNOW, UNDER MAYOR WHILE SHE TRANSFERRED THE ADMINISTRATION OF THE FUND FROM BP WELL, YOU KNOW FROM THEN BARRA TO THEN D.A. AND SO SINCE 2014 WE HAVE BEEN MANAGING THE FUNDS AND WE'VE COME EVERY THAT'S THE SIDE THAT I'M PRESENTING RIGHT HERE, COUNSELOR, I KNOW YOU YOU YOU MAY HAVE MISSED THIS ONE, BUT THIS IS THE SEVENTH TIME WE'VE COME IN FRONT OF THE COUNCIL ASKING FOR THIS AUTHORITY TO ACCEPT ANY SPEND THESE FUNDS. SO IT'S BEEN BEEN NINE YEARS THAT WE'VE BEEN MANAGING THIS, TAKING IT IN, PUTTING IT OUT INTO PROJECTS AND BUT ALWAYS BEEN IF I COULD JUST ADD ONE THING IT WAS COUNCIL PRESIDENT MENTIONED IT IN HER LETTER TO ON JULY ONE WE DID TAKE OVER THE THE OVERSIGHT THE COMPLIANCE PIECE OF INCLUSIONARY DEVELOPMENT SO MAKING SURE THAT FOLKS INCOME QUALIFY AND WE'RE LOOKING AT ALL OUR POLICIES TO BE USER FRIENDLY AND CERTAINLY DIFFERENT THAN THEY HAVE BEEN IN THE PAST AND MAKING SURE THAT EVERY YEAR WE'RE SORT OF MAKING SURE THAT THE THE NOT THE RIGHT PEOPLE IN THE UNITS BUT THE PEOPLE THAT HAVE SIGNED UP FOR THE UNITS ARE THERE AND THAT ALL QUESTIONS ARE ANSWERED ETC. SO WE'VE TAKEN OVER THE COMPLIANCE UNIT SO FAR SO GOOD NO GREAT BUT IT'S ALWAYS BEEN IN GREAT HANDS SINCE 2014. SO YOU GUYS HAVE DONE A WONDERFUL JOB. I KNOW I DID MISS MY LAST QUESTION WAS JUST ON THE PREVIOUS $5 MILLION GRANT BECAUSE I'M SORRY I WOULD CAME LATE BUT I'M JUST EXCITED TO SEE THAT ITS IMPACT ON THE MASS AND GAS AREA AND THE FOCUS THAT WE'VE SORT OF REINVIGORATED THERE AT THE TIME GIVING WE'VE IT'S THE SAME ISSUE BUT SLIGHTLY DIFFERENT NOW AS IT'S SORT OF SPREAD OUT INTO THE NEIGHBORHOOD. SO I HOPE THAT THAT CAN REALLY BE PUT TO USE TO TO KEEP PEOPLE FROM TO KEEP THEM IN HOUSING AND FROM RETURNING TO THE AREA AS AS WE TRY TO DO THAT. SO I JUST WANT TO THANK YOU FOR THAT AND I LOOK FORWARD TO IN ANY WAY OUR OFFICE CAN BE HELPFUL IN THAT WE'D LOVE TO BE A PART OF IT. SO THANK YOU SO MUCH. THANK YOU. GREAT. THAT'S ALL TO YOU. THANK YOU VERY MUCH. THANK YOU, COUNCILOR . WE'RE OUT. YOU HAVE THE FLOOR. THANK YOU. THANK YOU, CHAIR AND THANK YOU TO CHIEF DILLON AND TEAM FOR BEING HERE. THE 58,000 YOU SAID THAT INCLUDED VHA UNIT HOW MANY OF THAT IS VHA AND YEAH, I MEAN IT'S SOMETHING THAT YOU GET BACK TO ME I GUESS I JUST WANT TO KNOW THE REAL NUMBER I'LL GET BACK TO IS LESS THAN 20,000. I WANT TO SAY IT'S AROUND 15,000 BUT I'LL GET I'LL GET THE EXACT NUMBER FOR YOU. THAT'S VHA VHA. OKAY. YEAH. AND THEN THE PAYMENT IN LIEU OF UNIT FORMULA I SEE THAT WE'RE SPENDING WELL, 200 OR 380,000 PER UNIT IS THAT I MEAN I HEAR FROM DEVELOPERS AND CONTRACTORS ALL THE TIME. INTEREST RATES HAVE GONE UP, CONSTRUCTION PRICES HAVE GONE UP, MATERIAL HAS GONE UP. DOES THAT FLUCTUATE OR IS THAT HAS BEEN THE SAME FOR THE LAST SEVEN YEARS THAT HAS CHANGED TO REFLECT, YOU KNOW, THE CURRENT MARKET CONDITIONS. IT HAS NOT CHANGED. IT'S BEEN IN PLACE SINCE 2015 THE SAME IT'S THE SAME. SO IT'S RIGHT IT'S THREE IT'S 380 IN THE MORE DOWNTOWN LOCATIONS AND 200 FOR RENTAL AND THEN WHAT THE SLIDE DOESN'T SAY AND I CAUGHT THIS A LITTLE EARLIER IS THAT IT DOESN'T IT DOESN'T GO OVER THE THE FOR THE HOMEOWNERSHIP BUYOUT WHICH IS MORE OF A DIFFERENTIAL THE AVERAGE COST OF A MARKER A CONDO MINUS THE AVERAGE COST OF AN AFFORDABLE HOUSING AFFORDABLE UNIT DIVIDED BY TWO. SO YOU KNOW I THINK WE ARE IN WE ARE UNUSUAL TIMES CERTAINLY IS VERY IT'S HARD TO BUILD OUT THERE EQUITY COSTS ARE MORE EXPENSIVE. CONSTRUCTION COSTS ARE MORE EXPENSIVE AND THERE IS A SLOW DOWN AND I KNOW THAT YOU'RE WORKING ON IT. EVERYBODY'S SORT OF LIKE TRYING TO TRYING TO FIGURE OUT A WAY TO JUMPSTART A VERY, VERY LARGE APPROVED PIPELINE OF PROJECTS SO BUT THIS HAS NOT CHANGED IN HOW HOW DOES THIS CHANGE? IS IT JUST A POLICY WITHIN MORTGAGE? IT'S A POLICY NOW BUT IT WE DO HAVE WE HAVE BEEN AUTHORIZED TO PUT IT INTO ZONING IN IN THE FALL AND ANY ANY TIME WHEN YOU PUT IT INTO ZONING IN THE FALL TO MAKE SURE THAT WE'RE ADJUSTING FOR ITS IT'S BEING EVALUATED RIGHT NOW IT'S BEING EVALUATED AS WE SPEAK WE'RE TRYING TO UNDERSTAND MARKET CONDITIONS AGAINST THE REQUIREMENTS SOME AND I WOULD DEFINITELY PUSH TO SEE BECAUSE I'M HEARING FROM AFFORDABLE HOUSING DEVELOPERS TO SEE IF WE CAN DEFINITELY INCREASE THAT THAT RANGE THAT'S BEING GIVEN FOR FINDING WELL FROM THE 200 TO 380. GOT IT. DEFINITELY WANT TO INCREASE THAT AMOUNT BECAUSE OF MARKET CONDITIONS. THE OTHER MY OTHER ADVOCACY IS ALWAYS FOR HOMEOWNERSHIP UNIT AND HOW WE HOW WE PRIORITIZING DEVELOPING MORE HOMEOWNERSHIP UNITS THROUGH THE RFP AND ON PAGE ON WHAT PETER SAID BUT WE ARE BREAKING DOWN NEW RENTAL UNITS VERSUS NEW HOME OWNERSHIP UNIT IT'S NOT EVEN HALF RIGHT. IT'S PROBABLY LESS THAN A THIRD OF NEW CONSTRUCTION THAT'S HOME OWNERSHIP. SO HOW ARE WE GOING TO YOU KNOW, WE'RE ALREADY 66% CITY OF RENTERS. I'M HOPING THAT, YOU KNOW, MAYOR'S OFFICE OF HOUSING LIKE OUR GOAL IS TO EITHER SLOW THAT DOWN FROM INCREASING OR COMPLETELY FLIP IT ON HIS HEAD. HOW DO WE YOU KNOW, MAKE SURE THAT THESE DOLLARS ARE INFLUENCING THE CREATION OF MORE HOME OWNERSHIP UNITS SO WE ARE DOING THAT MAYBE THIS IS NOT A VERY SATISFACTORY ANSWER BUT WE ARE DOING A LOT MORE HOMEOWNERSHIP PROJECTS THAN WE EVER HAVE. I THINK OUR PIPELINE IS 500 600 UNITS OR SOMETHING. 900 OH MY GOD I'VE BEEN ASLEEP AT THE SWITCH 900 SO I THINK WE'RE ONLY LIMITED BY WELL WE'RE PROBABLY MOST LIMITED BY RESOURCES RIGHT. SO AN AFFORDABLE RENTAL PROJECT WILL HAVE AS YOU KNOW, TEN SOURCES LOW INCOME HOUSING TAX CREDITS, HOME HOUSING TRUST. IT WILL JUST HAVE ALL OF THESE STATE AND FEDERAL RESOURCES AND HOME OWNERSHIP HAS ONE OTHER BESIDES US THAT'S COME UP BUILDER SO AND IT'S JUST SO IT'S JUST TRYING TO MAKE SURE THAT WE CAN FUND ALL OF THE YOU KNOW ALL THE OF THE HOMEOWNERSHIP PROJECTS THAT ARE COMING OUR WAY AND WE'RE LIMITED TO IN HOW MUCH COMMONWEALTH BUILDER MONEY WE CAN GET BECAUSE THE STATE'S NOT WILLING TO GIVE US THEIR WHOLE AUTHORIZATION. I THINK THE BOND BILL WHICH SHOULD PASS BY SOMETIME TOMORROW IS GOING HAVE A LOT MORE RESOURCES FOR HOMEOWNERSHIP. SO I'M HOPING THAT WE'LL BE ABLE TO ALSO INCREASE THAT THAT PIPELINE OF 900 NOT 500 BUT 900. RIGHT. AND I'M NOT 100% FAMILIAR WITH THE BOND BILL BUT IT FEELS LIKE IT'S A WINDFALL TIME CASH YOU KNOW, STIMULUS TO THE PRODUCTION. ARE WE THINKING ABOUT HOW DO WE YOU KNOW, MAYBE IT'S INCREASING YOU KNOW, THE SUBSIDIES OR THE YOU KNOW, FUNDING FOR HOMEOWNERSHIP TO MAKE SURE THAT HOMEOWNERSHIP PRODUCTION IS MORE SUSTAINABLE AFTER THE BOND BILL? YEAH, I THINK WE'RE GOING TO HAVE TO HAVE A CONVERSATION WITH THE STATE TOO BECAUSE THEIR STATE IS GOING TO HAVE THE STATE OFTEN LOOKS TO US FOR LIKE LIKE WITH HOMEOWNERSHIP A 5050 MATCH RIGHT WITH WITH RENTAL IT'S A LITTLE LESS THAN THAT CERTAINLY BUT BECAUSE WE DIDN'T THE TRANSFER FEE DIDN'T PASS AND WE'RE ALL STILL LIKE YOU KNOW, JUST I KNOW AND YOU ALL FOR SUPPORTING IT AND I'M HEARTBROKEN BUT BECAUSE THE STATE'S GOING TO HAVE MORE RESOURCES THAN WE ARE, WE'RE GOING TO HAVE TO HAVE A CONVERSATION WITH THEM. I JUST HAVEN'T WANT TO BROACH IT UNTIL THE THING PASSES AND SAY THE CITY IS NOT GOING TO BE ABLE TO FUND LIKE AS MUCH AS WE HAVE BEEN OR YOU'RE GOING TO HAVE MORE MONEY THAN WE DO. SO CAN WE CONTRIBUTE LESS AND STILL CONTINUE TO HAVE A VERY, VERY LARGE PIPELINE? SO THOSE CONVERSATIONS ARE GOING TO HAVE TO BE FORTHCOMING AND WE MIGHT NEED YOUR HELP ANY TIME WHEN IT COMES TO HOME OWNERSHIP AND THEN A CLARIFYING QUESTION ON PRIDE PROGRAM MANAGEMENT COST. CAN YOU JUST ELABORATE EXAMPLES? YEAH. SO SINCE SINCE THE ADP FUND WAS TRANSFERRED TO MORTGAGE BACK IN 2014, WE'VE HAD AN AGREEMENT WITH THE PPA THAT WE WOULD SPLIT BETWEEN FIVE AND SEVEN AND A HALF PERCENT OF THE COLLECTION. THE AVERAGE COLLECTIONS BE SPLIT TO USE FOR LIKE OVERSIGHT COSTS OR THAT GOES TO COMPLIANCE STAFFING LEGAL LEGAL COSTS AND ENFORCING ENFORCING THE AFFORDABLE HOUSING AGREEMENTS. IT'S MOSTLY IT'S MOSTLY STAFF, IT'S MOSTLY ADMINISTERING THE PROGRAMS. YEAH IT'S ABOUT I THINK IT'S ABOUT $1,000,000 A YEAR THAT WE SPENT OUT OF THE YOU KNOW I THINK IT'S ON AVERAGE PROBABLY 1560 MILLION AND COLLECTION SO BY THAT'S HOW YOU GET THE 10 MILLION OVER TEN YEARS BASICALLY AWESOME AND I JUST WANT TO JUST POINT OUT ONE OF THE PROJECTS THAT I LOVE THIS MOTTO PASO 12 C CHINATOWN SAYS ITS 36 HOME OWNERSHIP UNITS WITH 96 RENTAL UNITS AND SOMETIMES DEVELOPERS SAY IT CAN'T HAPPEN HOME OWNERSHIP AND RENTALS BUT GLAD TO SEE THAT IS HAPPENING HERE. THANK YOU. GREAT. YOU DONE GOOD. THANK YOU. MANY OF MY QUESTIONS HAVE ALREADY BEEN ASKED BUT THE ONE LOOKING INTO THE YOU KNOW, THE HISTORY OF THE PROGRAM IN 2014 2014 IT WAS TRANSFERRED FROM BPD OVER TO YOU FOLKS BUT THEN THE THE TREASURY DEPARTMENT AT THAT TIME THEY SAID THAT THE TREASURY DEPARTMENT WOULD HAVE A GREATER ROLE IN ENSURING THAT DEVELOPERS PAY THEIR OBLIGATIONS IN FULL AND ON TIME AND THAT THE FUND WOULD BE SUBJECT TO ANNUAL FINANCIAL AUDITS PERFORMED BY INDEPENDENT THIRD PARTIES LIKE I THINK THAT WAS IN PREPARATION FOR THIS HEARING WE HAD QUESTIONS ABOUT TREASURY LIKE WHAT'S THE ROLE OF TREASURY? DO THEY HAVE A ROLE IN ENSURING YOU KNOW LIKE A COP ON THE BEAT SO TO SPEAK TO SURE THAT DEVELOPERS ARE PAYING THEIR THE MONEY ON TIME AND IN FULL? YEAH I WOULD SAY I MEAN WE ARE WE'RE REALLY WE'RE DOING THAT TREASURY IS THERE LIKE IF WE IF WE NEED THEIR KIND OF HEFT AND THEIR YOU KNOW TIME TO COME IN TO TO HELP US YOU KNOW ENSURE THAT DEVELOPERS ARE PAYING THEIR FEES AS OF RIGHT NOW WE HAVE THERE ARE NO PROJECTS THAT ARE YOU KNOW DELINQUENT THAT THAT WOULD BE I MEAN THERE ARE SOME THAT WE'RE LIKE WORKING WITH AND WE'RE ACTIVELY ENGAGED WITH COLLECTING FEES BUT IT'S REALLY A FEW SO WHERE MLH IS REALLY TAKING ON THAT ROLE I STARTED AT MORTGAGE EIGHT YEARS AGO AND AT THAT TIME WE WERE IN CONVERSATIONS WITH TREASURY TO TALK ABOUT SHOULD THEY SHOULD THEY HAVE A BIGGER ROLE AND I THINK WE ALL AGREED THAT LIKE IT'S OUR DEPARTMENT THAT'S TRACKING THE PROJECTS, TRACKING THE PAYMENTS AND WE KNOW WHEN THE PAYMENTS ARE COMING OR ARE BEING TRIGGERED. AND SO WE HAVE TAKEN OVER THE RESPONSIBILITY AND I THINK THAT OUR DONE A REALLY GOOD JOB OVER THE PAST SEVEN EIGHT YEARS OF SENDING OUT INVOICES TRACKING WHEN THEY'RE DUE GOING AFTER DEVELOPERS WHO ARE YOU KNOW, NOT PAYING THEIR OBLIGATIONS WHEN THEY'RE SUPPOSED TO AND WORKING WITH TREASURY TO YOU KNOW TO THE EXTENT THAT WE NEED THEIR HELP IN MAKING SURE THAT THE BILLS ARE BEING PAID. YEAH. SO THAT SEEMS LIKE AN ONEROUS RESPONSIBILITY FOR WHICH I DO HOPE THAT YOU'VE BEEN ADEQUATELY COMPENSATED FOR. YOU KNOW, PROGRAM MANAGEMENT COSTS ARE ADEQUATE BECAUSE THAT'S A FAIR THAT'S A LOT OF TREND TO FOLLOW AND LIKE I SAID IT CERTAINLY WAS FOR THE FIRST AGAIN DURING MY TIME HERE IT WAS DURING THE FIRST FEW YEARS THE NUMBER OF PROJECTS HAS IT HAS BECOME SO SMALL NOW THAT I REALLY IT'S NOT I WOULD SAY THAT THE WORK HAS REALLY HAS REALLY GONE DOWN SO IT'S YOU KNOW IT'S IT'S INVOICING A HANDFUL OF PROJECTS A YEAR MORE THAN A HANDFUL BUT IT'S NOT AN OVERWHELMING NUMBER OF PROJECTS ARE PAYING INTO THE INTO THE FUND WHICH IS A YOU KNOW ON THE ONE HAND IS A CONCERN BECAUSE THE FUND HAS BECOME SUCH A GREAT IMPORTANT SOURCE FOR US. BUT ON THE OTHER HAND AGAIN THAT WAS INTENTIONAL BECAUSE SO MANY UNITS ARE BEING BUILT ON SITE AND OFFSITE WHICH IS WHAT THE CITY WANTED. YEAH, SO THAT'S A MUCH, MUCH MORE PREFERABLE OPTION LIKE IT IS A CHOICE BETWEEN BUILDING ON SITE AND BUILDING IT. CAN YOU TALK TO THAT FOR FOLKS WATCHING WHAT WHAT THE ADVANTAGES ARE AND I MENTIONED THIS A LITTLE BIT EARLIER YOU KNOW A LOT OF THE DEVELOPMENT NOT ALL CERTAINLY IN FACT WE'RE SEEING A LOT MORE DEVELOPMENT NOW IN OUR OUTER NEIGHBORHOODS BUT FOR YEARS AND YEARS WAS A LOT OF DOWNTOWN DEVELOPMENT WHERE THE PERCENTAGE OF AFFORDABLE HOUSING IS LOWER THAN THE CITYWIDE AVERAGE. SO WE FELT IT WAS IMPORTANT AND MOST COMMUNITIES FELT IT WAS VERY IMPORTANT TO THAT MARKET RATE. DEVELOPMENTS BUILT THEIR UNITS ON SITE BECAUSE THEY TOO WANT AFFORDABLE UNITS IN THEIR NEIGHBORHOOD AND WERE VERY WE'RE VERY COMMITTED TO MIXED INCOME RACIALLY DIVERSE BUILDINGS AND NEIGHBORHOODS AND IT WAS A IT WAS A WAY TO REALLY ENSURE THAT SO FOR SO MANY REASONS IT WAS GOOD TO GET YOU KNOW ESPECIALLY THESE VERY, VERY HIGH END BUILDINGS TO TO HAVE REGULAR FOLK LIVE IN THOSE BUILDINGS AND BUILDING AND PEOPLE THAT REALLY NEED THE HOUSING. SO IT REALLY HAS BEEN OUR FOR ALWAYS OUT OF THE GATE WE WANT THE UNITS ON SITE UNLESS LIKE I SAID TO COUNCILOR FERNANDEZ ANDERSON LIKE UNLESS IT IS SO SO BENEFICIAL TO US FINANCIALLY THAT SOMETIMES WELL WELL WELL ANALYZE IT OF COURSE HAVE COMMUNITY CONVERSATIONS BUT TAKE TAKE THE RESOURCES SO WE CAN HELP FIVE, SIX, SEVEN, EIGHT PROJECTS YOU KNOW SO SOMETIMES YOU JUST IT'S JUST THE AMOUNT OF MONEY THAT COULD BE GENERATED CAN DO CAN WE CAN REALLY SPREAD OUT A LOT OF THAT GOOD SO ARE YOU ANTICIPATING A SLOWDOWN LIKE TERMS OF SO MANY MORE UNITS ARE BEING BUILT ON SITE YOU WON'T HAVE AS MUCH MONEY IN THE KITTY SO TO SPEAK. YES FROM THE ADP FUND. YES. WHAT ARE YOU ANTICIPATING IN TERMS OF PROJECTIONS FOR THAT? YEAH, I'LL HAVE TO GO BACK AND . LOOK, I MEAN I THINK WE'RE THE NEXT FEW YEARS. I THINK WE'RE OKAY BECAUSE AGAIN, MOST PROJECTS, YOU KNOW, HAVE BEEN PAYING IN OVER SEVEN YEARS SO THEY'RE STILL ON THERE LIKE SEVEN YEAR PAYMENT CYCLE AND WE HAVE A FEW VERY LARGE PROJECTS THAT ARE THAT HAVE BEEN THAT ARE PAYING IN RIGHT NOW. BUT I THINK IF YOU OUT THREE OR FOUR OR FIVE YEARS UNLESS SOME NEW PROJECTS YOU KNOW UNLESS SOME NEW CASH OUTS HAPPEN THAT ARE NOT THAT WE'RE NOT THAT ARE NOT CURRENTLY ON OUR RADAR I THINK WE WILL WE CAN EXPECT THE FUND TO GO DOWN PRETTY LOW TO YOU KNOW MAYBE A FEW MILLION DOLLARS A YEAR. I MEAN I HOPE NOT BUT BUT I THINK THAT IS A POSSIBILITY. THAT'S WHAT WE HAVE TO PUT THE SQUEEZE ON THE STATE. YEAH. AND THEN RIGHT SO THAT TO MY POINT AND THEN WE'RE ALSO SEEING AS YOU ALL KNOW A DECREASE IN THE COMMERCIAL DEVELOPMENT PIPELINE. SO LINKAGE IS GOING TO GO DOWN SO WE'VE WE DO HAVE TO HAVE SOME KIND OF AND THE STATE'S A GREAT PARTNER. THEY'VE BEEN REALLY VERY HELPFUL BUT WE ARE GOING TO HAVE LESS TO CONTRIBUTE TO PROJECTS THAT WE'RE BOTH PARTICIPATING IN AND I HAVE A QUESTION AS WELL ABOUT JUST HOMEOWNERSHIP PROJECTS. I KNOW OUR NEIGHBORHOOD IS PROTECTED AND ALSO IN BRIGHTON DISTRICT NINE PARTICULARLY PARTICULARLY LOW LEVELS OF HOMEOWNERSHIP I KNOW ALLSTON AND MISSION HILL ARE THE TWO LOST NEIGHBORHOODS IN THE CITY FOR HOMEOWNERSHIP. I THINK SOMEWHERE AROUND 10% LIKE HOW DO WE INCENTIVIZE LIKE I KNOW AND I IT REALLY MAKES ME UPSET. I KNOW WE'VE HAD THESE CONVERSATION, SHEILA ABOUT DEVELOPERS SHOULD BUILD A HOMEOWNERSHIP PROJECT AND THEN DECIDE TO SAY OH NO, SORRY WE'RE NOT DOING THAT ANYMORE. WE'RE GOING TO DO RENTALS INSTEAD. LIKE HOW DO WE HOW DO WE WORK ON THAT? WELL, THAT SITUATION I, I YOU KNOW WE HAVE TALKED ABOUT A FEW IN PARTICULAR HERE AND YOU'RE IN YOUR DISTRICT WHERE THE DEVELOPER HAS GOTTEN APPROVAL FOR A HOMEOWNERSHIP PROJECT AND THEN THEY DID BUILD CONDOMINIUMS AND THEN RENTED OUT EVERY SINGLE ONE OF THE CONDOMINIUMS. YOU KNOW THINK YOU KNOW AND I'M NOT AN ATTORNEY BUT I THINK PROBABLY IT'S WORTH IN THOSE EARLY MEETINGS TO SAY HOW DO WE SAFEGUARD AGAINST THIS AND HOW DO WE GET SOME ASSURANCES FROM THE DEVELOPER THAT THAT WILL NOT HAPPEN. IT MAY MAKE IT HARDER FOR THE DEVELOPER TO GET FINANCING BECAUSE YOU KNOW, YOU ALWAYS WANT TO KEEP ALL OPTIONS OPEN BUT IT SEEMS TO ME THERE'S IT'S JUST GOING TO HAPPEN VERY, VERY EARLY ON BECAUSE ONCE ONCE CONDOMINIUMS ARE BUILT THEIR DEVELOPERS CAN RENT THEM OUT AND THEY HAVE INDEED BUILT WHAT THEY SAID THEY WOULD BUILD. THEY BUILT CONDOMINIUMS. SO IT'S GOT TO BE SOME SOMETHING EARLY EARLY ON IN THE CONVERSATION YOUR CONVERSATIONS AND COMMUNITY PROCESS THAT'S NOT A GREAT ANSWER BUT I YOU KNOW, I DON'T KNOW WHAT THE LEGAL MECHANISM IS OR COULD BE BUT I THINK IT'S WORTH EXPLORING WITH ANY DEVELOPER THAT COMES FORWARD WITH A CONDOMINIUM PROJECT NOW BECAUSE SO OFTEN THERE'S A HUGE THIS ARE AN UNTAPPED DEMAND THERE AND SO OFTEN OUR COMMUNITY SUPPORT AND PROJECT IT'S A HOMEOWNERSHIP PROJECT BECAUSE IT IS A HOMEOWNERSHIP PROJECT AND THEN THEY SORT OF DO A BAIT AND SWITCH ON THIS AND WE'RE LEFT HOLDING THE PAD LEFT WITH ANY, YOU KNOW, PROMISES I WOULD BE AND THIS IS MY OPINION I WOULD BE HESITANT TO ALLOW THEM TO CHANGE THE PROJECT OVER TO A RENTAL PROJECT BECAUSE THEY'RE STATING THEY CAN'T SELL IT WHEN WE ALL KNOW IF SOMETHING IS REASONABLY PRICED IT WILL SELL. YEAH. THANK YOU. THE OTHER QUESTION I HAD WAS REALLY ABOUT THE AUTHORIZATION FOR TO TO TO ROLL INTO A SECOND FISCAL YEAR LIKE A CAN YOU EXPLAIN WHY WHY WE'RE DOING THAT AGAIN, I THINK YOU'VE ALREADY ALLUDED TO IT WHEN YOUR PREVIOUS COMMENTS WITH CONSTRUCTION YEAH AND IN THE PAST IF I IF I GO BACK STARTING FROM BEFORE MY TIME HERE THE THE THE REQUESTS HAVEN'T ALWAYS LINED UP NICELY WITH THE WITH THE FISCAL YEARS SO I THINK OUR YOU KNOW IT'S WE HAVE A PROJECTION OF HOW MUCH REVENUE WE THINK WE'RE GOING TO TAKE IN AND IN ANY GIVEN YEAR WE ARE OCCASIONALLY SURPRISED BY A PROJECT THAT WE THOUGHT WAS GOING TO BE PAYING IN YOU KNOW, IN A YEAR OR TWO WHEN THEY PULLED OUR PERMITS EARLIER SOMETHING HAPPENS AND THE PROJECT MOVES FORWARD AND THEY END UP THE PAYMENT ENDS UP HAVING HAPPENING SOONER THAN WE THAN WE THOUGHT. SO I THINK OUR THINKING WAS LIKE I SAID, WE DON'T WANT TO KIND OF BUMP UP AGAINST THAT AUTHORITY AND BE IN A POSITION WHERE WE CAN'T ACCEPT OR EXPEND A PAYMENT. WE WANT TO BE ABLE TO USE IT. YOU KNOW AS SOON AS WE GET IT WE WANT TO BE ABLE TO HAVE THE FLEXIBILITY TO USE IT AS SOON AS WE CAN. SO IT'S POSSIBLE THAT THIS THAT WE WILL GET UP TO THIS $224 MILLION AMOUNT WITHIN THE NEXT FISCAL YEAR. I THINK IT'S LOOKING AT THE YOU KNOW, OUR TRACKING OF THE UPCOMING PAYMENTS IT MIGHT TAKE US INTO INTO THE FOLLOWING FISCAL YEAR AND WE'D BE BACK YOU KNOW, WE'D BE BACK HERE PROBABLY, YOU KNOW, NEXT FALL SAY IT TO DO WITH OUR NEXT REQUEST OF FUNDING FOR THE FOR THE FOLLOWING FOLLOWING YEAR AND DO YOU HAVE ANY PROJECT IDEA ABOUT WHAT WHAT THE THIS NEXT RFP THE ASK WILL BE AND THE DEMAND IN TERMS OF DEMAND FOR FUNDS IN THE NEXT THE NEXT CYCLE? DO YOU MEAN THE OVERALL RFP THAT AND IN EACH CYCLE WHAT SORT OF ANTICIPATED DEMAND DO YOU SEE DEMAND SO I'M DOING THIS FROM MEMORY A LITTLE BIT BUT LATELY WE HAVE SEEN DEMAND FAR EXCEED WHATEVER WE'RE PUTTING OUT SO WE'RE PUTTING OUT IN SEVERAL WEEKS RIGHT? WE'RE PUTTING OUT INCLUSIONARY DEVELOPMENT, WE'RE PUTTING OUT LINKAGE AND WE'RE PUTTING OUT I THINK WE'RE TOTALING $40 MILLION TOTAL AND I, I THINK WE ALREADY KNOW ABOUT $100 MILLION OF PROJECTS ARE COMING IN. SO WE NEED TO FIND MORE MONEY. WE NEED TO FIND MORE MONEY. YES. AND THAT'S THAT'S WHY WE'RE JUST I KNOW JOE, I'M IMAGINING I MEAN CPI I THINK HAS BEEN A GODSEND TO WHAT ADP REVENUE YOU KNOW, LOOKING AT THE OUTLOOK FOR ADP REVENUE LOOKING BLEAK, I THINK KEEPING OUR OWN HAS BEEN A HUGE BOON FOR US FOR FOR HOUSING. IT'S GREAT THAT THE CITY HAS HAD THAT FOR THE PAST FIVE OR SIX YEARS YEAH BECAUSE THEY'RE THERE'S EVEN THOUGH THERE'S A LOT OF INTEREST FOR OPEN SPACE IN HISTORIC PRESERVATION THEY HAVE CONSISTENTLY SAID WE'RE GOING TO FUND ABOUT 50% OF THE CPA REVENUE. WE'RE GOING TO SET ASIDE FOR HOUSING. SO IT'S IT'S REALLY BEEN IT'S BEEN A GOOD RELATIONSHIP. YEAH, VERY GOOD. THANK YOU. SEE COMMISSIONER, DO WE HAVE ANY COME AND DO YOU WANT TO MAKE A JUST A WRAP UP CLOSING STATEMENT. OH SORRY I JUST SORRY I NEED A PERISCOPE. THAT'S A COUNCILOR FOR THEM TO UNDERSTAND ALL THE TIME. THANK YOU, MADAM CHAIR. I WAS REALLY CURIOUS AND COUNCILOR FITZGERALD'S TRAIN OF THOUGHT ABOUT YOU KNOW, LOOKING AT THE COMPARISON BETWEEN LIKE THE HOUSING STOCK THAT WE NEED IN COMPARISON TO WHAT WE'RE INVESTING, I THINK HE WAS TRYING TO FIGURE OUT LIKE HOW MUCH PERCENTAGE EACH REVENUE SOURCE THAT WE'RE SPENDING OVERALL IN HOUSING THE CITY OF BOSTON. HAVE YOU DONE THE MATH TO FIGURE OUT LIKE WHAT'S NEEDED IN COMPARISON TO WHAT WE'RE SPENDING? MM I HAVEN'T DONE IT RECENTLY. I THINK THOUGH IF WE CAN DO IT SO WE WE WE GENERALLY KNOW HOW MANY OF RESIDENTS ARE RENT BURDENED OR OR I THINK WE KNOW WE CAN LOOK AND SAY THERE'S AN EQUITY WITH HOMEOWNERSHIP AND WHAT IT WOULD TAKE TO HAVE AN EQUITABLE HOMEOWNERSHIP LANDSCAPED IN THE CITY SO I MEAN IF WE TAKE THOSE BUCKETS NOW STUDENTS THAT ARE RENT BURDEN YOU KNOW BUT REALLY FOCUSING ON THE I CARE ABOUT STUDENTS BUT THE POPULATION IS THAT ARE GOING TO BE HERE PERMANENTLY WE COULD LOOK AT WHAT WE THINK THE NEEDS ARE WHAT WE'RE GENERALLY SPENDING TO CREATE AFFORDABLE HOMEOWNERSHIP AND RENTAL UNITS AND COME UP WITH A NUMBER IT'S GOING TO BE A MAGNIFICENT NUMBER IT'S GOING TO BE HUGE BUT WE COULD DO THAT. WE COULD DO THAT EXERCISE IF THAT WOULD BE HELPFUL MIGHT BE DEPRESSING BUT WE COULD DO IT. I MEAN MEANWHILE I GUESS IT'S INTERESTING WHEN WE'RE TALKING DISPLACEMENT BECAUSE OF CERTAIN RESTRICTIONS WITH FEDERAL REVENUES WHERE WE CAN'T NECESSARILY PRIORITIZE BY DEMOGRAPHICS OR LOCATION EVEN THEN WE GET INTO THIS THIS JUGGLE OF WE ARE BUILDING BUT WE'RE BUILDING AT 180 AM I AND THE PEOPLE THAT ARE HERE CAN AFFORD IT AND THEN WE'RE SORT OF RECRUITING WE ARE GENTRIFYING AND THERE IS NO SUCH THING AS DEVELOPMENT WITHOUT DISPLACEMENT. WE'RE ALL AWARE HOWEVER I GUESS JUST INTERESTED IN YOU KNOW OBVIOUSLY LOOKING AT THOSE NUMBERS BUT ALSO LIKE IN FIGURING OUT HOW MANY OF OUR PEOPLE IN BOSTON LIKE BOSTON RESIDENTS ARE WE ACTUALLY HOUSING IN COMPARISON TO THOSE WHO ARE COMING BY WAY OF SHELTER OR DV SITUATIONS? YEAH. AND AS YOU KNOW WE CAN'T PICK AND CHOOSE WHERE PEOPLE ARE COMING FROM MASS AND CLASS OR ANY OF THOSE ADDICTION POPULATION PEOPLE SUFFERING FROM ADDICTION THEN YOU KNOW, JUST FIGURING OUT ARE WE FILTERING PEOPLE OUT BY WAY OF GENTRIFICATION? ARE WE ARE WE ARE WE ARE WE SOLVING THE ISSUE OR ARE WE BUILDING STOCK AND OBVIOUSLY SUPPLY AND DEMAND? BUT THERE ARE THERE ARE JUST PROPELLING THE CYCLE OF GENTRIFICATION AND HOW CAN WE NOT WE HAVE TO KEEP BUILDING. YEAH SO A COUPLE OF THOUGHTS SO WE CAN IF WE ARE PUTTING FUNDING IF WE ARE FUNDING AND THE STATES FUNDING PROJECTS WHICH IS GENERALLY HOW IT WORKS 70% OF THOSE UNITS CAN BE SET ASIDE FOR BOSTON RESIDENTS. WE CAN'T GIVE NEIGHBORHOOD PREFERENCE YET AND WE'RE HAVING STAFF WILL ACTUALLY LOOKING AT THIS AGAIN AND TALKING TO NEW YORK AND SAN FRANCISCO THAT HAVE BEEN IN LAWSUITS OVER THIS RECENTLY. BUT WE CAN SAY THESE ARE FOR BOSTON RESIDENTS. SO THAT'S THAT IS THAT'S HELPFUL. WE ARE STARTING TO LOOK AT WITHIN OUR PROGRAMS CAN WE GIVE SOME PREFERENCE FOR FAMILIES AND INDIVIDUALS WHO ARE CURRENTLY RENT BURDENED AND AT RISK AND BECAUSE AND MAYBE YOU'VE HEARD ME SAY THIS BEFORE I HOPE I DON'T WANT TO REPEAT MYSELF BUT A LOT OF THE FOLKS THAT CAN ACCESS OUR HOUSING PROGRAMS ARE THE FOLKS THAT ARE ARE THE MOST SET UP TO DO SO. AND I'M NOT BLAMING THEM. THEY WANT THEY WANT THEY WANT A NICE PLACE TO LIVE AS WELL. BUT THEY YOU KNOW, PROBABLY HAVE ACCESS TO A COMPUTER OR THEY PROBABLY ARE WORKING ONE JOB, NOT THREE AND THEY CAN ACTUALLY ORGANIZE THEIR APPLICATION PROCESS OR THEY'RE MAYBE LIVING IN HOME WITH THEIR PARENTS AND THEY'RE GETTING SOME ASSISTANCE TO HELP FIGURE OUT THE PROGRAM WHATEVER IT IS RIGHT. PEOPLE THAT HAVE THE LESS HAVE LESS CHAOS AND DESPERATION THEIR LIVES ARE MORE LIKELY TO ORGANIZE A HOUSING SEARCH. SO WE'RE WONDERING CAN WE START PRIORITIZING NOT THE UNITS BUT SOME OF THE UNITS FOR FOLKS THAT ARE REALLY RENT BURDENED AND THAT ARE STRUGGLING AND THAT WAY WE GOT THE BOSTON RESIDENTS PRIORITY BUT THEN REALLY TARGETING PEOPLE THAT REALLY ARE LOOKING AT DISPLACEMENT AND I THINK I'D LOVE TO DISCUSS IT WITH YOU ALL WHEN WE KIND OF LAND ON A POLICY BUT SO TRY TO THINK ABOUT HOW WE WITH THE UNITS ARE CREATING HOW WE ENSURING THAT THE THE FOLKS THAT NEED THEM ARE BEING ARE BEING YOU KNOW I CAN ACCESS THOSE IT'S REALLY COMPLICATED BUT BUT I'D TO SEE WE ARE GIVING THAT A LOT OF THOUGHT BUT WE CAN WE CAN PRIORITIZE BOSTON RESIDENTS WHICH I THINK IS A IS WE NEED TO DO ONCE A FAMILY IS DEEMED AND HAS THIS HOMELESS STATUS YES CERTIFIED YEAH THEY ARE CONSIDERED BOSTON RESIDENTS YES YES THEY ARE AND IN RENTAL PROJECTS 10% OF OUR UNITS THE ONLY PROBABLY THE ONLY THE ONLY UNITS THAT A FAMILY THAT'S CURRENTLY HOMELESS COULD AFFORD WOULD BE THE HOMELESS SET ASIDE UNITS AND THAT'S 10% OF THE TOTAL I SEE. SO FAIR TO SAY THAT OF THAT 10% THAT'S I MEAN THAT'S VERY SMALL NOT CONCERN. RIGHT RIGHT. I MEAN IF HALF OF THAT ARE PEOPLE COMING OUTSIDE OF BOSTON. OKAY. SO MAYBE WE'RE ADDRESSING ABOUT 65% OF BOSTON VOTERS AND SO I GUESS YOU KNOW, I LOOK FORWARD TO THE CONGRESS MORE CONVERSATION WITH YOU. I KNOW WE HAVE A PENDING WORKING SESSION WITH THE COUNCIL LOOK AT METRICS AND I JUST I WANTED TO GET YOUR FEEDBACK ABOUT JUST SORT OF MECHANISMS TO FOR ACCOUNTABILITY IN TERMS OF WHAT DOES SUCCESS LOOK LIKE WITH SOMETHING LIKE THIS AND WHAT WOULD BE THE METRICS OR YOU KNOW, CERTAIN BENCHMARKS THAT WE COULD BE IMPLEMENTING OR MONITORING TO ENSURE THAT WE ARE WE ARE SUCCEEDING ACCORDING TO WHATEVER OBJECTIVES THAT WE SET OUT. AND IT SEEMS LIKE, YOU KNOW, THIS THIS WOULD BE SOMETHING THAT WE WOULD WE WOULD SAY, YOU KNOW, THIS FUNDING IS TO ADDRESS THIS AND THEN HOW DO WE MEASURE THAT? MM HMM. AND SO I DID HAVE I CAN I CAN RESERVE MY THE REST OF MY QUESTIONS MOSTLY THE 5 MILLION GRANT REALLY INTERESTED IN FURTHER CONVERSATION ABOUT JUST THE WRAP AROUND SPECIFIC I THINK YOU KNOW, SOMETIMES WE USE THAT TERM LOOSELY BUT THEN WHAT DOES THAT ACTUALLY TRANSLATE TO IN TERMS OF IMPLEMENTATION? BUT I KNOW THAT YOU ARE EXTREMELY RECEPTIVE. I TELL EVERYONE I'M A HUGE FAN BECAUSE I RESPECT YOU. I RESPECT THE WORK THAT YOU DO I KNOW THAT YOU ARE BRILLIANT IN YOUR POSITION AND YOU'RE JUST ALWAYS VERY RESPECTFUL AND RECEPTIVE TO MEETINGS WITH ME . THANK YOU. WE GET GREAT IDEAS FROM Y'ALL SO YOU KNOW NOT EVERYONE CAN BE IMPLEMENTED BUT NO, I THINK IT'S A GOOD PARTNERSHIP. I DO. I DO. I HAVE ONE MORE QUESTION I HAD WAS WITH REGARD TO IN PERPETUITY HOW DO WE DEFINE PERPETUITY? I THINK OF IT AS IN MY BOOK I THINK IN PERPETUITY WOULD BE FOREVER BUT I THINK WE DON'T WANT TO RUN INTO THE SITUATION LIKE WE DO WITH EXPIRING USE TYPE HOUSING THAT YOU IF WE IF WE BUILD SOMETHING 25 YEARS AGO IT'S THIS THE CLOCK'S TICKING AND IT'S GOING TO BE PULLED OUT OF THE POOL OF IDP UNITS AVAILABLE IN ANOTHER FIVE YEARS OR WHATEVER HOW DO WE HANDLE THAT WHAT'S WHAT'S YOUR THOUGHTS ON THAT? SO THE THE SINCE 1998 I THINK I'VE GOT THAT DATE RIGHT. THE CITY IF WE ARE FUNDING A PROJECT NOT HOMEOWNERSHIP BUT IF WE'RE FUNDING A RENTAL PROJECT ARE REQUIRING AFFORDABILITY IN PERPETUITY NOW THE DEFINITION I'M NOT AN ATTORNEY CAN YOU WANT TO DO IT? OKAY, GREAT. WELL, WE ACTUALLY RECENTLY HAD A QUESTION FROM A COLLEAGUE ABOUT PERPETUITY AND FOR MORTGAGE FUNDED RENTAL PROJECTS IT IS IN PERPETUITY TO HOW WE ALL UNDERSTAND THAT DEFINITION FOREVER FOR IDP PROJECTS CURRENTLY IT'S 30 YEARS PLUS THE OPTION TO EXTEND FOR 20 YEARS FOR RENTAL AND HOMEOWNERSHIP UNITS WITH MORTGAGE TAKING OVER THE OVERSIGHT OF THE IDP PROGRAM WE ARE LOOKING AT IF WE'RE ABLE TO DO A SIMILAR YOU KNOW, TRUE PERPETUITY FOR IDP PROJECTS YOU HAVE TO GET IN THE STATE LAW, YOU HAVE TO GET APPROVAL FROM THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES FOR EACH PROJECT. SO THERE'S THAT KIND OF PROCESS SET OF WORK THAT WE NEED TO DO THAT WE FIGURE IT OUT FOR OUR MORTGAGE RENTAL PROJECTS THAT HAVEN'T YET BEEN FIGURED OUT. IF IDP PROJECTS THAT WERE THAT'S SOMETHING THAT WE'RE LOOKING INTO NOW THAT'S COME OVER TO THE CITY OF BOSTON. YEAH, I KNOW HOW HARD WE WORK TO DEVELOP AFFORDABLE HOUSING. WE WANTED TO SORT OF START SLIDING OFF OF THAT AND AGAIN YEAH I MEAN WE DON'T WANT TO I MEAN IT'S ONE THING TO SPEND MONEY ON MAKING SURE OUR AFFORDABLE COMMUNITIES HAVE UPDATED KITCHENS AND BARS. IT'S QUITE ANOTHER WHEN YOU HAVE TO PAY YOU KNOW A CURRENT OWNER A LOT MONEY JUST TO KEEP THE AFFORDABILITY GOING. SO WE WANT TO AVOID THE LATTER CERTAINLY. YEAH. OKAY GOOD. I DON'T HAVE ANY OTHER QUESTIONS. DO YOU HAVE ANY OTHER COUNTRIES IN THE UNDERSTAND AND MY OTHER COLLEAGUES ANY ANY CLOSING COMMENTS? NO I JUST WANT TO THANK MY COLLEAGUES FOR FOR THEIR HARD WORK MAKING SURE THAT YOU KNOW WE WE TAKE THE WE TAKE OUR FUNDING VERY SERIOUSLY AND WE REALLY TRY TO MAKE SURE THAT WE'RE SPENDING IT WISELY AND THEN WE'RE MONITORING THE PROJECT. SO APPRECIATE YOUR CONSIDERATION OF THE ACCEPTED EXPENSE. THANK YOU. THANK YOU ALL. THIS CLOSED THE SESSION THIS HEARING TO THIS HEARING ON DOCKET 0633 AND 0695 IS ADJOURNED. THANK YOU A