READY WHEN YOU ARE READY. [00:00:01] WE'RE GOOD. OKAY, LET'S CALL THIS MEETING TO ORDER. [CALL TO ORDER] THIS IS REGULAR MEETING 2020 406 OF THE COMMUNITY DEVELOPMENT ADVISORY BOARD. IT IS WEDNESDAY, JUNE 12TH AT 6 P.M.. COULD I HAVE A ROLL CALL, PLEASE? SURE. TBA PRESENT VICE CHAIR GUITAR HERE. MEMBER. BOARD MEMBER. AJARI MR.. AJARI HERE. BOARD MEMBER. BERT HERE. BOARD MEMBER. FELIX HERE. BOARD MEMBER. GOOD. HERE. BOARD MEMBER. I'M SORRY. BOARD MEMBER. HAZEL. HERE. BOARD MEMBER. MAUREEN HERE. BOARD MEMBER. WALKER. MISS WALKER. BOARD MEMBER. WILLIAMS. THANK YOU. ALL RIGHT. SO THEN WE'LL MOVE ON TO ADOPTION OF THE MINUTES OF THE REGULAR MEETING, 2020 404 FROM APRIL 17TH. [ADOPTION OF MINUTES] SO MOVED. I HAVE A MOTION. DO I HAVE A SECOND? SECOND? I HAVE A MOTION AND A SECOND. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? I'M HEARING NONE, I VOTE I AND THAT MOTION PASSES. SO THEN WE HAVE PUBLIC COMMENTS ON NON AGENDA ITEMS. I'M SEEING NONE. SO THEN WE'LL MOVE INTO THE FIRST ITEM UNDER NEW BUSINESS WHICH IS SCORING AND EVALUATION OF THE REQUEST FOR PROPOSALS FOR THE HOME PRIOR YEAR 2021 PRIOR YEAR PLAN YEAR [NEW BUSINESS] 2021, 2022 AND 2023 FUNDING. SO THE HOME REHABILITATION, NEW CONSTRUCTION OF AFFORDABLE HOUSING FOR INCOME, ELIGIBLE SENIOR CITIZENS AND OR VETERANS, RFP APPLICATIONS. CAME BACK THE CITY OF PALM BAY, IN PARTNERSHIP WITH BREVARD COUNTY, DESIGNATED AS THE LEAD AGENCY, AND THE CITIES OF MELBOURNE, COCOA, AND TITUSVILLE RECEIVED HOME FUNDS THROUGH THE CONSORTIUM. THE BREVARD HOME CONSORTIUM BRINGS TOGETHER THE CITIES AND THE UNINCORPORATED AREAS OF THE COUNTY. ON MARCH 7TH, 2024, CITY COUNCIL APPROVED THE FISCAL YEAR 2324 HOME DISBURSEMENT AGREEMENT, WHICH ALLOCATED HOME FUNDS THROUGH FISCAL YEAR 2324. ON APRIL 19TH, 2024, THE CITY PUBLISHED AN ADVERTISEMENT IN THE FLORIDA TODAY AND DID EMAIL THE REQUEST FOR PROPOSALS TO ELIGIBLE NONPROFIT ORGANIZATIONS FOR VIABLE PROJECTS THROUGH A COMPETITIVE APPLICATION PROCESS USING FISCAL YEAR 21, 22, 22, 23 AND 2324. FUNDING. THE FOLLOWING PROJECT CATEGORIES WERE ELIGIBLE FOR THIS FUNDING. REHABILITATION, NEW CONSTRUCTION OF AFFORDABLE HOUSING FOR INCOME, ELIGIBLE SENIOR CITIZENS AND OR VETERANS ON SIX LOTS DONATED BY THE CITY OF PALM BAY. ON MAY 21ST, 2024, THE CITY DID RECEIVE TWO APPLICATIONS, ONE FROM COMMUNITY OF HOPE AND THE OTHER FROM MACEDONIA COMMUNITY DEVELOPMENT CORPORATION OF SOUTH BREVARD. ON JUNE 5TH, 2024, COMMUNITY OF HOPE REQUESTED TO HAVE THEIR APPLICATION WITHDRAWN. WE ARE RECOMMENDING THAT THE CDA BE REVIEW, SCORE AND MAKE RECOMMENDATIONS ON FUNDING FOR THE AGENCY TO BE FUNDED USING THOSE YEAR FUNDS FROM HOME. AND WHAT ARE THE WISHES? WE'RE GOING TO MOVE FORWARD IF WE WANT TO HAVE ANY DISCUSSION ON. I SEE MR. PHILLIPS HERE. OH, THANK YOU SIR. I SEE MR. PHILLIPS HERE. DID WE WANT TO HAVE A QUICK OVERVIEW OF THE PROJECT, OR WHAT WOULD THE BOARD LIKE TO ENTERTAIN THIS EVENING? LIKE THAT? YES. LIKE THAT. OKAY. MR. PHILLIPS, WOULD ONE OF YOU LIKE TO COME UP AND TELL US ABOUT YOUR PROJECT? GOOD EVENING. GOOD EVENING. MY NAME IS GERRY PHILLIPS, OF COURSE, WITH MACEDONIA COMMUNITY DEVELOPMENT CORPORATION. AND WE SUBMITTED A PROPOSAL TO ON, ON NORTH ON NORTH VIEW TO RENOVATE TO TRIPLEXES. OUR INTENT IS TO DO A COMPLETE GUTTING OF HAVE IT CHECKED FOR IT WERE BUILT IN 1965, SO MOST LIKELY IT HAS LEAD BASED PAINT AND ASBESTOS IN IT. SO WE'LL MAKE SURE WE TREATED THAT FIRST BEFORE WE MOVE. AND THEN WE WANT TO START A COMPLETE RENOVATION, COMPLETE DOING A COMPLETE ELECTRICAL AND BOTH PLUMBING TO BRING IT UP TO CODE OUR THAT'S OUR ORIGINAL, OUR ORIGINAL PLAN. AND WHAT WE'D LIKE TO DO IN THE FUTURE IS ADD SOMETHING TO IT. THE SIX LOTS THERE AND THE OTHER FOUR LOTS IN THE FRONT. AND WE WILL HOPE TO DO AT SOME POINT DO TWO DUPLEXES IN THE FRONT OF IT. SO THAT'S KIND OF A QUICK OVERVIEW. IF YOU HAD ANY QUESTIONS, I'D BE HAPPY TO ANSWER FOR YOU. ANY QUESTIONS FOR MR. PHILLIPS? I'M HEARING NONE. OKAY. WOULD STAFF LIKE, DO WE NEED TO TAKE A MOMENT TO SCORE AND THEN PROVIDE THOSE SHEETS TO STAFF, OR WHAT WOULD YOU GUYS LIKE TO DO? [00:05:07] YOUR PREFERENCE AT THIS POINT IS OKAY. OKAY. SO WE WANT TO ENTERTAIN. ENTERTAIN A MOTION ON THAT THEN. I'M SORRY. ENTERTAINING A MOTION TO SCORE. TO SCORE THIS? NO. A MOTION FOR APPROVAL OR DENIAL. THERE'S ONLY ONE APPLICATION, SO WE DON'T NEED TO ACTUALLY SCORE IS WHAT STAFF IS SAYING, BECAUSE THERE'S ONLY THE ONE THAT MAKES IT SO EASY. OKAY. SO WE APPROVAL OR DENIAL OF THIS ONE PARTICULAR APPLICATION IS WHERE WE ARE AT THIS POINT. I MOTION TO APPROVE THE APPLICATION AS PRESENTED AND I SECOND IT. OKAY. WE HAVE A MOTION AND A SECOND. ALL THOSE IN FAVOR SAY AYE. AYE. ANY OPPOSED? I'M HEARING NONE I VOTE I AND THAT MOTION PASSES. CONGRATULATIONS AND THANK YOU GUYS AGAIN. THAT WAS GREAT. SO NEXT ON THE ITEM OR ON THE AGENDA, WE HAVE OTHER BOARD BUSINESS WHICH IS OUR INFORMATIONAL STAFF REPORT THAT IS INCLUDED IN THE PACKAGE. [OTHER BOARD BUSINESS] DID STAFF HAD ANY PARTICULAR ITEMS THEY WANT TO MENTION OR ANY QUESTIONS FROM ANYONE ON THE STAFF REPORT? I THINK YOU GUYS ARE DOING A GREAT JOB AS USUAL, SO THANK YOU. I SECOND THAT. IF I MAY ASK FROM STAFF. MADAM CHAIR THE CONFERENCE OF, OF OF THE SPACE BECAUSE BREVARD AFFORDABLE HOUSING CONFERENCE WE, WE PARTICIPATE IN. WOULD YOU WOULD STAFF BE KIND ENOUGH TO GIVE THE BOARD FOR THE BENEFIT OF THE BOARD, THAT I DON'T THINK ANY OF THE MEMBERS OR MAYBE I WAS THERE WAS SOME. YES. FOR THE REST OF THE BOARD, WOULD YOU SUMMARIZE THE THE EXPERIENCE? I KNOW WE WERE A BIG PART OF THAT. AND AND FOR FOR THE BENEFIT OF THE BOARD. THANK YOU. ABSOLUTELY. IT WAS OUR SECOND ANNUAL BREVARD COUNTY AFFORDABLE HOUSING SUMMIT, AND IT WAS A COLLECTION OF DEVELOPERS, MUNICIPALITIES THROUGHOUT BREVARD COUNTY TO INCLUDE BREVARD COUNTY STAFF AGENCIES LIKE VOA. AND OTHER MACEDONIA I BELIEVE HAD STAFF THERE AS WELL. JUST A COLLECTION OF GREAT, GREAT AFFORDABLE HOUSING SUPPORTERS. STAFF DID GET A CHANCE TO SPEAK AND HAVE FAIR HOUSING EXPERTS COME OUT AND DO A WONDERFUL PRESENTATION AS TO WHAT FAIR HOUSING IS. AND THAT WAS VERY INTERESTING. BUT WHAT WAS MOST INTERESTING FOR US WAS HAVING ALL THE DIFFERENT AFFORDABLE HOUSING DEVELOPERS COME IN AND LISTEN, AND, AND STAFF HAVE AN OPPORTUNITY TO LISTEN TO THE DEVELOPERS. REALLY SAY WHAT THEY WERE WANTING TO SEE. WHAT WOULD IT MAKE IT EASIER TO BUILD AFFORDABLE HOUSING HERE? IT WAS A VERY WELL ATTENDED EVENT WITH 225 ATTENDEES, AND IT WAS AT COCOA. THE MAJORITY? YEAH, THE MAJORITY OF THE MUNICIPALITIES. I THINK I APPRECIATE THE SUMMARY. MADAM CHAIR, IF I MAY ADD TO THAT, IT IS MY EXPERIENCE TOO, THAT CERTAINLY THAT'S PERSONALLY, THAT'S A TOPIC THAT IS VERY IMPORTANT FOR ME. NOT ONLY SERVING ON THIS BOARD AND ALSO AS A COUNCIL MEMBER AS WELL AS WE WE OUR CITY'S GROWING. MY CONCERN IS WE ARE GROWING. WE ARE CERTAINLY GROWING FAST, BUT WE ARE GROWING A LITTLE LESS AFFORDABLE THAN WE WOULD LIKE TO. SO I'M COMMITTED TO REALLY PUT EVERY EFFORT POSSIBLE TO MAKE SURE THAT DOESN'T HAPPEN, AS I'VE ALWAYS REFERENCED, TO MAKE SURE TO ENSURE THAT ALL FIRST YEAR FIREFIGHTER, OUR FIRST YEAR POLICE OFFICERS, ALL MCDONALD'S WORKER, THE SINGLE MOM STILL ARE ABLE TO LIVE IN ALL GREAT CITY. SO THE WAY TO DO THAT IS TO MAKE SURE THAT WE WE HOLDING DEVELOPERS ACCOUNTABLE. AND ONE OF THE THINGS I'VE BEEN, I'VE BEEN ON IS THAT YOU WANT TO DEVELOP IN OUR CITY. YOU HAVE TO COMMIT A CERTAIN PERCENTAGE OF YOUR PROJECT TO AFFORDABLE HOUSING. AND ON THAT SAME NOTE, I ALSO WOULD LIKE TO ENCOURAGE FOLKS THAT ARE IN THAT SPACE TO BRING US QUALITY PRODUCT, QUALITY PRODUCT THAT IS WORTH OUR TAX DOLLARS, RIGHT? THAT'S ALL MONEY AS WELL. SO WHEN THE MONEY IS GIVING AWAY, I WANT TO KNOW THAT WHAT YOU'RE GOING TO BUILD OR REBUILD OR WHAT HAVE YOU. IT'S WORTH THE TAGS THAT WE CALLED TO BE GOOD STEWARD OF THE TAX DOLLARS. SO THIS IS SOMETHING THAT I'M COMMITTED THE NEXT FEW YEARS TO WHEN I, WHEN I HAVE AN OPPORTUNITY TO ADVOCATE. [00:10:09] THAT'S WHAT I'M GOING TO ADVOCATE FOR ON THIS BOARD. AND ALSO AT MY COUNCIL CAPACITY. SO I THINK IT WAS IMPORTANT, I THINK EVERYBODY THAT PARTICIPATED, YOU GOT TO IT'S SUCH A BROAD AREA. AND IT'S SUPER IMPORTANT FOR THE FOR THE ADVANCEMENT OF OUR COMMUNITIES. I THINK IT'S IMPORTANT THOSE THAT ARE IN THAT SPACE THAT PROVIDE SERVICES, WHETHER YOU PROVIDE SERVICES, I THINK IT'S IMPORTANT THOSE KIND OF CONFERENCES, IT'S IMPORTANT TO ATTEND. I THOUGHT IT WAS GOOD. I MEAN, I'VE ALWAYS LEARNED SOMETHING DIFFERENT. I ALWAYS MAKE SOME NEW CONNECTIONS. I THINK COLLABORATION IS IMPORTANT. SO I WOULD CERTAINLY ENCOURAGE PEOPLE ON THE BOARD AND OTHERS TO ALWAYS, ONCE THAT OPPORTUNITY ARISE, TO PARTICIPATE. THANK YOU. WAS THERE AN INVITE THAT WENT OUT? OKAY. THERE WAS. YES THERE WAS. CAN I MAKE A QUICK COMMENT? YEAH. GO AHEAD. SO I MEAN, I COMPLETELY AGREE AND I'M GLAD THAT WE DID THAT AND APOLOGIZE. I COULDN'T MAKE IT. I GUESS, YOU KNOW, MY CONCERN IS AS A AS A RESIDENT, ESPECIALLY WHERE I LIVE AT 32905 AND YOU KNOW EXACTLY WHERE I'M TALKING ABOUT, YOU KNOW, AT BABCOCK AND PALM BAY ROAD. AND I SEE TONS AND TONS OF APARTMENTS GETTING PUT UP, BUT WE HAVE NO RESTAURANTS. I SEE MORE STORAGE, WE HAVE NO RESTAURANTS, WE HAVE NO THE RETAIL IS GONE. THERE'S NOTHING. RIGHT. IT'S LIKE AN EMPTY CORNER. SO I GUESS MY BIGGEST CONCERN IS LIKE, ARE WE PLANNING OUTSIDE OF THAT TO HELP? YOU KNOW WHAT I MEAN? LIKE, THERE'S A LOT MORE OF THE COMMUNITY THAN JUST WHAT IS NEEDED FOR THAT HOUSING. AND I DON'T FEEL LIKE WE HAVE THE INFRASTRUCTURE TO SUPPORT A LOT OF THAT, ESPECIALLY WHERE I LIVE, THERE'S THOUSANDS OF UNITS GOING UP AND YOU'RE TALKING FROM BABCOCK TO US ONE, SO IT'S JUST VERY CONGESTED. SO I GUESS I JUST HOPE THAT WE HAVE AS MUCH EYE ON OVERALL BECAUSE I SEE EMPTY PLAZAS. NOTHING BUT. SO WE GOT TWO SEVEN BREWS THAT POPPED UP. RIGHT. SO I JUST WANT TO MAKE SURE THAT LIKE WE'RE THINKING, I MEAN, MY FRIENDS TALK ABOUT THIS STUFF, RIGHT? AND IT'S A CONCERN THAT MY FRIENDS BRING TO ME. IT'S LIKE, HOW CAN WE MAKE SURE THAT WE'RE WE'RE THINKING ABOUT FULL DEVELOPMENT, RIGHT? AND LIKE WHAT IT TAKES FOR TO MAKE US ALL HAPPY. SO I THINK THAT IT'S GOING TO BE IMPORTANT MOVING FORWARD THAT THE CITY AND THIS BOARD TRY TO BECAUSE THOSE ALL THE STUFF THAT YOU'RE SEEING GOING UP IS NONE OF IT IS AFFORDABLE. ABSOLUTELY NONE OF IT'S AFFORDABLE. AND I THINK THE STAFF NEEDS TO ENCOURAGE THOSE DEVELOPERS TO HAVE SET ASIDES. AND IT WOULD BE GREAT IF THIS BOARD WOULD INCENTIVIZE THOSE SET ASIDES. SO THAT WOULD BE VERY HELPFUL, SO THAT WHEN YOU DO HAVE A RESTAURANT OPEN UP, THE PEOPLE WORKING IN THE RESTAURANT CAN ACTUALLY LIVE IN THE CITY, IN THE CITY THAT THEY WORK. SO AND RIGHT NOW IT'S VERY DIFFICULT FOR SOMEBODY TO OPEN A RESTAURANT BECAUSE WHO ARE THEY GOING TO EMPLOY THAT CAN AFFORD TO LIVE IN THE CITY? I'D LIKE TO GO AHEAD. AND THEN I HAVE ONE MORE. I WANTED TO MAKE ANOTHER ANNOUNCEMENT WHEN YOU'RE DONE. DON I'VE. THANK YOU. I'D LIKE TO ADD ABOUT CREATING A USER FRIENDLY ENVIRONMENT FOR THESE DEVELOPERS, BECAUSE TIME IS MONEY. AND I'M NOT SAYING WE NEED TO THROW ASIDE THE REQUIREMENTS TO KEEP PEOPLE SAFE AND BUILDINGS CONSTRUCTED PROPERLY, BUT I'D LOVE TO SEE MORE OF AN EXPEDITED OPPORTUNITY, WHETHER IT IS IN A PRE-CONSTRUCTION OPPORTUNITY TO OUTLINE WHAT EXPECTATIONS ARE IN ORDER TO MINIMIZE COSTS BECAUSE THEY'RE ALREADY TRYING TO SUPPORT AN AFFORDABLE HOUSING. OPPORTUNITY FOR PEOPLE AND RESIDENTS, AND ADDING COSTS IS NOT ADVANTAGEOUS FOR ANYBODY. SO TO THAT GOD. SO TO THAT POINT, WE HAD IT ON THE SCHEDULE TO HAVE THE BUILDING DEPARTMENT COME IN TODAY. AND WE HAD ASKED GROWTH TO SEND SOMEONE FROM THEIR DEPARTMENT SO THAT ALL THREE OF US COULD COLLABORATE AND COME TO THE CAP BOARD WITH A GOOD, STRONG POWERPOINT TO GO OVER. IF YOU'RE A DEVELOPER COMING IN, WHAT CAN YOU EXPECT? WHAT'S THE FIRST STEP? WHAT'S THE SECOND STEP? WHO WOULD YOU REACH OUT TO AT ANY STEP IN THE PROCESS? OF COURSE, BUILDING HAD A TRAINING IN ORLANDO, AND BOTH THE BUILDING OFFICIAL AND HIS COUNTERPART HAD TO GO THIS WEEK. AND GROWTH MANAGEMENT, THE DIRECTOR WAS NOT AVAILABLE. SHE WAS WILLING TO SEND THE ASSISTANT DIRECTOR. BUT I FELT LIKE IF I DON'T HAVE THE BUILDING OFFICIAL HERE FROM BUILDING TO ANSWER THOSE QUESTIONS AND GROWTH MANAGEMENT HERE TO ANSWER THOSE QUESTIONS FOR ZONING, IT WOULDN'T BE A VERY GOOD POWERPOINT. AND WE WANT TO MAKE SURE THAT WHEN WE BRING STUFF TO YOU THAT IT'S CLEAR, CONCISE AND THERE'S NO QUESTIONS. AND IF THERE ARE QUESTIONS THAT WE COULD ANSWER IT COLLECTIVELY, WOULD YOU, WOULD YOU CONSIDER INVITE PUBLIC WORKS TO BE PART OF THIS CONVERSATION AS [00:15:06] WELL? ABSOLUTELY. I THINK THEY PLAY A VERY, VERY I KNOW THERE'S A GOOD COLLABORATION BETWEEN PUBLIC WORKS AND BUILDING IN THAT SENSE, BUT I THINK IT WOULD BE BENEFICIAL TO HAVE PUBLIC WORKS PART OF THIS CONVERSATION OR OTHER PRESENTATION. I WOULD LIKE TO ALSO ASK WHETHER OR NOT WE COULD ALMOST SURVEY THESE NICE GENTLEMEN TO FIND OUT WHAT WE COULD DO BETTER. I MEAN, WHO BETTER THAN THESE FOLKS TO ASK? HONESTLY, RIGHT, TO SEE WHAT FEEDBACK THEY HAVE ON OUR PROCESS. I MEAN, WE LOVE THEM. THEY DO A GOOD JOB. OKAY? THEY'VE COME BACK OVER AND OVER AND I'M SURE THEY'VE GOT SOMETHING TO SAY. WELL, THEY WERE AT THE SUMMIT, RIGHT? YEAH. THEY DID HAVE STAFF AT THE SUMMIT. AND IT'S GREAT TIMING BECAUSE A MACEDONIA IS CURRENTLY MOVING FORWARD WITH THE REHABILITATION OF THE TRIPLEX ON WASHINGTON. AWESOME. THAT WAS GIVEN THE COUNCIL AND THE KDAB BOARD ALL APPROVED AND MOVED FORWARD AND. SO IT'S GOOD TIMING FOR US TO HAVE THOSE SURVEYS THROUGHOUT, NOT JUST AT THE END. AWESOME. AWESOME. KIRA, DID YOU HAVE A THANK YOU? YES, I DID, SO I JUST WANTED TO LET ALL THE BOARD MEMBERS KNOW THAT FC'S ANNUAL AFFORDABLE HOUSING CONFERENCE IS AUGUST 26TH THROUGH THE 28TH. THEY HAVE THEIR TENTATIVE SCHEDULE OUT, AND IT IS CURRENTLY STILL UNDER THE EARLY BIRD REGISTRATION. AND THEY HAVE BLOCKED ROOMS AT A DISCOUNTED PRICE AS WELL. THERE ARE MANY DIFFERENT DISCUSSIONS DURING THIS THAT WOULD BE VERY BENEFICIAL TO THE BOARD MEMBERS. CAN THIS BE SENT OUT TO EVERYBODY? THAT WOULD BE GREAT. THANK YOU. IS THAT AN ORLANDO? IS THAT WHAT I HEARD? OKAY. OH, OH. WHY DON'T WE DO THOSE THINGS HERE? IT'S PUT ON BY ANOTHER ORGANIZATION. OKAY. WHY DON'T WE DO IT HERE AND INVITE THEM HERE? OKAY. I THINK A LOT OF THOSE PROFESSIONAL ORGANIZATIONS, THEY TRY TO DO THINGS IN THE ORLANDO AREA SO THAT IT'S CENTRALLY LOCATED IN THE STATE, SO THAT THE MOST PEOPLE POSSIBLE CAN. I'M JUST ASSUMING THAT'S WHY THEY DO IT THERE. BUT A LOT OF FUNCTIONS ARE IN ORLANDO. IT'S MUCH NICER HERE. NOW WE DON'T HAVE ALL THE HOTELS THOUGH. ALL RIGHT. ANY MORE COMMENTS OR QUESTIONS ON THE INFORMATIONAL STAFF REPORT? ALL RIGHT. I'M HEARING NONE. OH. YES, SIR. OH. I11 THING I HAVE BEEN WONDERING ABOUT. I MEAN, I HAVEN'T BEEN ON THE BOARD ALL THAT LONG, BUT WHEN WE TALK ABOUT AFFORDABLE HOUSING, WELL, IT'S EITHER THE RENTS HAVE TO BE AFFORDABLE OR IF PEOPLE WANT OWNERSHIP, THE THE PRICE OF THE HOUSE NEEDS, NEEDS TO BE AFFORDABLE. IN BOTH CASES THE INTEREST RATE PLAYS A TREMENDOUS, TREMENDOUS FACTOR ON THE MONTHLY PAYMENT. SAY SOMEBODY WANTS TO BUY A HOUSE AND IT'S 7% INSTEAD OF THREE. WHAT I DON'T KNOW IS, IS IS THERE ANY WAY THAT INTEREST RATE WE COULD HAVE, LIKE A SUBSIDIZED INTEREST RATE FOR PEOPLE BUYING AFFORDABLE HOUSING? PARTICULARLY IF, IF IT'S A HOUSE THAT THE CITY HAS REMODELED IS GOING TO DEVELOP OR EVEN LIKE THE MACEDONIA PROJECT. I MEAN, THE AMOUNT OF RENT THAT'S BEING PAID HAS TO BE INFLUENCED BY THE INTEREST RATE IS OR THE HOUSES. ARE THEY BEING RENTED? I MEAN, OR SOLD? THEY RENT THE HOUSE. THEY'RE RENTALS, THEY'RE RENTING. THEY RENT THEM. YEAH, THAT'S WHAT I THOUGHT. OKAY. SO OKAY. WELL, I JUST DIDN'T KNOW IF ANYBODY ELSE ON THE BOARD OR STAFF OR PARTICULARLY KIRA WHO'S SO EXPERIENCED IN THIS, YOU KNOW, I MEAN, I KNOW THAT THERE ARE LOANS OUT THERE THAT ARE NOT INCOME TAXED, AND THEREFORE THE INTEREST RATES CAN BE LOWER. BUT THAT'S PRETTY MUCH ALL I'VE GOT TO SAY. THERE WAS AT THE AFFORDABLE HOUSING SUMMIT, THERE WAS SEVERAL AFFORDABLE HOUSING LENDERS. SO I REMEMBER VALLEY BANK AND A COUPLE OTHER ONES THAT THEY SPECIFICALLY HAVE PRODUCTS FOR LOW INCOME PURCHASE THAT CAN DO THINGS LIKE WAIVE THE A, THE PMI FOR PUTTING DOWN LESS, AND THEN CAN PUT ON A SECOND MORTGAGE. [00:20:06] THAT'S FORGIVABLE IF THEY STAY THERE LONGER. SO THERE ARE SEVERAL BANKS THAT DO THAT. IF YOU WANT MORE INFORMATION ABOUT IT, I CAN GET IT TO YOU. AND ALSO IF I IF I MAY ADD, I THINK THE EXAMPLE HENRY BROUGHT UP, IT'S A CLASSIC EXAMPLE OF HOW HABITAT FOR HUMANITY OPERATES, WHERE WE WOULD PARTNER WITH HABITAT RATHER THROUGH A LAND ACQUISITION OR FUNDING. AND IN TURN, THEY MAKE IT AFFORDABLE BECAUSE THE CITY DIRECTLY WE DON'T WE DON'T BUILD HOUSES AND, YOU KNOW, OR HAVE SOME SORT OF LENDING WAY OR SOURCE WHERE WE LEND MONEY OR WHAT HAVE YOU. BUT THROUGH ORGANIZATION, YOU KNOW, I THINK YOUR EXAMPLE EXEMPLIFIES WHAT HABITAT OF HUMANITY, THAT'S WHAT THEY DO. THAT'S THEIR PLATFORM, IF YOU WILL. YEAH. GOOD TO KNOW. OKAY. HEARING NO OTHER COMMENTS THIS EVENING. SO WE WILL GO AHEAD AND ADJOURN AT 6:21 P.M.. THANK YOU EVERYONE. HAVE A GREAT NIGHT. WE'LL SEE. * This transcript was compiled from uncorrected Closed Captioning.