I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. you you you I'm sorry. you I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm going to go to the next room. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. you The I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going go home. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm going to be a little bit more careful. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I was born. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm gonna go. I'm gonna go back to the place where I'm sorry. You can go live. It's a real way. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. Okay. Good evening. Good evening. I like to call the Charlotte City Council meeting into order and welcome everyone to the April 14, 2025 Charlotte City Council business meeting for this evening. We are having a little bit of a change. For this evening we will be hosting the full meeting in this room and space and there are signs out there if you've told someone to go downstairs you know text them and say come on upstairs the 267 everybody knows what that word means for us so thank you very much we're going to begin our meeting with introductions and I would like to ask if we could start with our city. Stephanie Kelly, city clerk. Anthony Fox, interim city attorney. James Mitchell, I'm still on the Megasot 5, returning to Rome. The dante Anderson Mayor, Pro Tem District 1. Vi Lyle's Mayor. Marcus Jones, City Manager. Malcolm Graham, District 2. Hendricks District 7. Barbara, District 6. Good evening. I'm Victoria Wildland, and I represent you at large. Okay. No, you have to stay here. No, I'm just joking. I wanted to recognize Mr. Bakari. I would like to acknowledge the receipt of your resignation from this council effective April 20, 2025. Thank you for your dedication and service for the past seven and a half years, not only to your district, but to all of our city. At this time, I want to yield to you the floor for any remarks that you would like to have or comments that you would like to have and to share with us. Well thank you. You haven't yielded the floor many times so in seven and a half years. But every time you did it was magical. I was a lot longer-winded when I started this seven and a half years ago. Something has beaten it out of me, but we've been through a lot of very rough times, and we've been through a lot of really great victories and times together. So I'll just say it has been the honor of the lifetime. I will continue to do everything I can to support Charlotte and the city we all love and support you all and everything that you're working on. And again, you know, we leave the rules of procedure behind everyone focusing on these. And you know, it's just, yeah, it's bittersweet. It's been a long time. We've done a lot. It's been rocky at times, but this has just been a quite the experience a lifetime. And I would just say the only thing I ask is that every year you select the right person to read the mech deck proclamation. We'll do it in the traditional charlattey invoice that I have tried to do every year for seven and a half years. And I'm sure we won't have seen the last of each others. Thank you. Well, thank you very much. Thank you very much. Thank you very much. Thank you very much. Thank you very much. Thank you very much. Thank you very much. So now we'll go into our invocation. Maybe we can pray for clock talk as well. Ms. Watlington, we recognize. Thank you,. Oh, Heavenly Father, thank you for today, Lord. Thank you, God that even as we experience weather changes, we recognize a change in seasons, Lord. And so as we continue to do the work of this city, I pray for our wisdom, I pray for our unity. I pray that we keep a heart with the people to understand the community and their needs. Lord, as Tarot goes, I just plead the blood of Jesus over him, God, and I ask that he continues to move forward, Lord, with the spirit of love, with the spirit of wisdom, Lord, and integrity, God, that he continues to represent this community in addition to all of his other responsibilities, Lord. But we ask that you protect him and his family in this new season and that you give him grace and mercy God and that you allow him to walk well in his new position, God, because we know that when you are diligent in your craft, you stand among kings, God. And so we ask for courage for tarich as he goes and we pray his good success in Jesus' name. Amen. Amen. Amen. Thank you. That was really, really well done. Really? And before we consider our consent agenda, we have a few proclamations. Are we doing the pledge? The pledge. The pledge. All the pledge. Where is, oh, there's the flag. Sorry. Upstairs. All right. Yes, let us do a pledge of our allegiance to. All right. Is everybody ready? I pledge allegiance to the flag of the United States of America and to the Republic for which it stands. One nation under God. Indivisible with liberty and justice for all. Thank you, and for the reminder. So we have a few proclamations that we like to have addressed. And so the first one, I'd like to ask Mr. Drake to address this population, followed by, I guess, Dante, our mayor, pro temp, yes, Mr. Drake's. This is a proclamation for Autism Awareness Month. Whereas April is nationally recognized as Autism Awareness Month, a time to increase public awareness, promote acceptance, and ignite change in the way individuals of Autism are perceived and supported. And whereas according to the Centers for Disease Control and Prevention, approximately one in 36 children are diagnosed with autism spectrum disorder, ASD, affecting individuals of all backgrounds and communities across the nation, including Charlotte. And whereas, as individuals with autism contribute to the richness and diversity of our community and deserve equitable access to education, employment, healthcare, and opportunities for meaningful connection. And whereas early intervention, inclusive education, and community-based support can lead to significantly improved outcomes and quality of life for individuals on the autism spectrum and their families. And whereas autism awareness month provides a valuable opportunity to celebrate the achievements and talents of people with autism, raise awareness of the challenges they face, and encourage policies and practices that promote acceptance and inclusion and And whereas the city of Charlotte is committed to creating a community where neurodivergent individuals are recognized, valued, and empowered to reach their fullest potential. And whereas residents, organizations, schools, and businesses are encouraged to take part in activities and conversations that foster greater understanding and stronger support for the autism community. Now therefore, she via Alexander Liles, Mayor of Charlotte, does hereby proclaim April 2025 as Autism Awareness Month in Charlotte and commend its observance to all citizens. Thank you very much, Mr. Driggs. Do we have a representative here? Please come and accept this proclamation from the City Council. Ed? I know she's got the grade. She's so good. There you are. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Urban proclamation is to recognize Arbor Day. Whereas urban forestry is a very important municipal responsibility, providing countless benefits to the city of Charlotte, including enhancements of the quality of life. And whereas trees can reduce the erosion of our precious topstile by wind and water, cut heating and cooling costs, moderate temperature, cool the air, reduce oxygen and provide for wildlife. And whereas trees in our city increase property values, enhance the economic vitality of our business areas and beautify our community. And whereas trees wherever they are planted are a source of joy and spiritual renewal. And whereas Charlotte has been recognized for the 45th consecutive year in 2024 as a tree city USA by the National Arbor Day Foundation and desires to continue in its tree planting ways. Now therefore, she by Alexander Laos mayor of Charlotte do hereby proclaim Friday, April 25th, 2025 as as Arbor Day in Charlotte, and urge all citizens to support efforts to protect our trees and woodlands, support our cities, urban forestry program, and plant trees to gladden the hearts and promote the well-being of present and future generations. Witness by her hand in the seal of the City of Charlotte signed by Mayor Lows. Thank you very much. Do we have a representative from Trees Charlotte? There we are. Thank you. I'm with the City Arborist. Oh, okay. Thank you. Don't you do all the work? Thank you. Okay. Thank you. Thank you very much. Thank you. In addition to those recognitions, we have a number of people that work in our organization and we get a lot of things done because of the people that do commit to being part of our community. So I want to recognize our City Clerk's Office for a moment here. I want to make sure that we recognize that on behalf of the International Institute of Municipal Clerk's, congratulations to that your office, Stephanie Kelly. Your city being the select in the winner of some Roman numerals that I don't know how to express. 2025 program excellence in governance award. The reason that this award was brought to this place at this time is because of the passport processing facility operated by a city clerk's office and the work that they've done to get people their passports in a great, fast way. So we have to honor you and say thank you for what you've done for our government. But on addition to that, when we have meetings before we have this meeting, Stephanie said, well I've got another one and I'm like my gosh, you know? So I want to say this because I think it's really as important as what you do every day here with us. And it says, dear Stephanie, on behalf of the Board of Directors, the Quill Nomination Committee and the membership, I want to congratulate you on winning the most prestigious award, the Quill. You were chosen for your strong support of the goals and philosophies outlined in the code of ethics for this project or this activity. The criteria includes length of service, strength and extent of participation, service and fellow municipal clerks, involvement with the initiation, our administration of approved training, instituting programs, or any other activity that enhances the role of professional members of your organization. I think two recognitions like this in a day. Visitors around of a plus. Thank you. Applause. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. So Stephanie, I want to ask you how long you've been with us, but every day I expect it's been either a tragedy or a magnificent opportunity. So thank you very much for your role in what you do here to help us be who we are. All right, so I believe that that's the end of our recognition for today. We'll now move to our consent agenda. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, good evening. Hello, hurry up. Let's see. Mayor Protell, would you give me a motion for? Yes, Madam Mayor. I move that we approve the consent agenda items 11 through 28 in one motion. We have a motion and a second. Any further discussion? Hearing none. favor of that motion please raise your hands. Anyone opposed? Thank you. Thank you. Thank you. So thank you. I know that that is really a real gift. So now I'd like to turn it over to the manager for an overview of our action review just topics for tonight. Thank you Mayor and membersimous of Council. We have one item for the action review tonight, and that's the housing trust fund recommendations. I think a couple of weeks ago, the team provided you with the list of some of the projects that would come tonight with the background, and then last Thursday, the actual recommendations of the team. I know that it's a lot to absorb. I will tell you this. I'm very appreciative for what the council has done as well as the housing and safety community, which from the council perspective are going from 50 million to 100 million last November and getting that approved was a big accomplishment. And what the committee was able to do to provide more guidance of framework, thank you so much. Around how the HCF dollars will be deployed differently was extremely important and I believe that that was also adopted at the end of last year. The good news is we have more policy clarity. The other news is the demand for our funding is stronger than ever. You'll see over two dozen funding requests that an aggregate asks for more than $75 million. Rebecca is going to take us through all the material. I'm not sure if there's walk-up music tonight or, but may or unless there's any questions, I'd like to turn it over to Rebecca. All right, Ms. Hathner. Good evening, everyone. Just for the record, my preferred walk up song is, can I kick it? And it's a call in response, right? Can I kick it? All right, thank you very much. So this is going to be a lot of information tonight. You have a historic housing trust fund bond, $100 million and a historic ask of nearly $80 million across 20 investment proposals and additional five proposals for city-owned land. So as we get into it, I believe the presentation has been provided and just want to remind you all that we also will follow up with what we refer to as the HTF booklet. So you'll get an additional communication from us that has two to three pages overview of every project that we discuss tonight. So tonight is really to give you an overview of the proposals that were received as well as staff's recommendations. Couple of important things to note. Again, this is your first funding cycle following the expansion of the housing bond and the adoption of your affordable housing funding policy. Again, it was a very competitive round. But you're going to see a lot of different things in here. There's multifamily development, no-up preservation, home ownership, TOD site acquisition, and city-owned land for affordable housing. This is a great representation of all of the different strategies that you have put in place to be successful in affordable housing here in Charlotte. So the bottom line is you're going to hear from us. Staff, we recommend 13 housing trust fund proposals. We'll go through each of them tonight. In addition, two proposals for the use of City-owned land for affordable housing. The other proposals were recommending that you defer to the next RFP cycle, which provides an opportunity for staff to continue working with developers to refine their proposals. And that's coming up quickly. That RFP will open in May and you'll see those recommendations in September. So previously, last September, you all adopted the Affordable Housing Funding Policy. I'll review the highlights of that policy with you tonight because that's the framework that staff used to evaluate the proposals that were submitted. Again, you got a summary from us a couple of weeks ago at this point and then the vote for the Housing Trust Fund recommendations will be on the Council Business Agenda. It's planned for April 28th. So that's two weeks from today. Just as a reminder, the work that you all have been doing is working towards what we think of as a shift from a traditional focus on housing unit production to more holistic focus on resident outcomes. So you have been very strategic in the way that you've designed your policy and your strategies and the tools that we've developed to work towards housing not just to put units on the ground, but to help promote economic mobility, neighborhood affordability and residential stability in our community. When I would add to this housing story is that now we're working very closely also with the team that's working on the mobility plan. And we're really integrating housing into your three-legged stool. Housing, jobs, and mobility. And housing alone won't achieve these more holistic outcomes, but when you think about how it is then integrated with jobs, workforce development, transit, mobility, that's where the magic happens. I want to talk a little bit tonight about the whole $100 million housing bond and the ways that we're working to activate on that for you. Because while we have a lot of information to share tonight, it is only a portion of the total of the housing bond. So in your housing policy adopted last September, you established these allocation categories. So rental housing production at 35 million, the way we activate on that is what we're doing here tonight. So the Housing Trust Fund RFP. Your first round of recommendations, those are tonight, you'll vote on those on the 28th. And then right on the heels of that, the second round opens in May and you'll see those recommendations in September. We'll continue to have rounds as long as you continue to have funding left in the housing trust fund. Typically in a two-year bond cycle we have three rounds. Home ownership, this is one of the categories that you really ask us to lean into. So your The application goal here is 25 million. There are several different ways to activate on home ownership. You'll see some proposals tonight that came in through the housing trust fund RFP. But we also have new guidelines for your house Charlotte down payment assistance program that are rolling out right now. And the acquisition rehab resale revolving loan fund, which is also active right now. So the next time we come back to you, you'll start to see some of those dollars start to draw down as we deploy them in those programs. Rental housing preservation and anti-displacement is the next category. You allocated $14 million to that. Now because of the nature of the market acquisition for NOAAs that is actually a rolling RFP so it doesn't open and close at specific dates the way that the housing trust fund RFP does and you may recall back in February you've already approved one rental housing preservation, the Sharon Point community was approved in February. And then you have two applications that have come in since then, and we'll be talking about them tonight. And then those are the three categories that you'll actually see recommendations out of the Housing Trust Fund tonight. This round there were no applications. There was not an application for support of housing and shelter, though we know several partners who are working on those, so we expect to see them in the next round. Your housing rehab and emergency repair, these are programmatic dollars, so they will be flowing out, not through a big RFP like this, but actually an RFP to partners who will do that work for the city. The Innovation Pilot Fund, we talked about this in Housing Safety and Community Committee. Last week, Warren gave a presentation on some of the things that are already going on and got some great feedback from committee about how you would like to see us activate and cultivate and bring forward opportunities for innovation. There is one site acquisition development up for discussion tonight, but you still have a little bit of money left in your TOD fee and loop bucket. So we are going to recommend a site acquisition development, but it's not going to draw down out of this 5 million bucket. And then there's some funding that's been set aside for administration and evaluation. The team has done a great job of establishing those partnerships. and again we talked in committee last week about the plans for the evaluation of your housing investments going forward. Again, all of this work including the way that we've evaluated the proposals is based on your funding policy which which includes these three goals, economic mobility, neighborhood affordability, and residential stability. In the policy, you established five investment priorities, priority populations, location priorities, resident services, partnerships and leverage, and innovation. And so again, we used this policy as a framework for how to evaluate the proposals that came in. We saw a lot of good work done by our development partners to really articulate and also demonstrate how they are working hard to meet your investment priorities. Was particularly pleased with the proposals that came in with strong resident services as we think about this more holistic approach and we've had a lot of conversations about how we can support people in that economic mobility journey, which often is, you know, those parings of resident services. I will say you're not going to see a lot of innovation in this round. Innovation is something that's going to take a little bit longer to cultivate. And again, if you think about the development proposals, when you adopted your policy last fall, these proposals had already been in the works for a year, two years. So our partners have done a lot to really work through how they can add to an augment their proposals mostly on the first four. And then we'll be working with them to bring you some more innovation-related ideas as the bond cycle proceeds. As a reminder, your Housing Trust Fund is established to provide gap financing for affordable housing developments. We often say, you know, the last funding in, right? Where there's a stack of funds that make a project pencil, and you know, where are the ones that fill in that gap there at the top to get these proposals across the finish line? The fund is replenished on a biennial basis via your bond referendum, but also some federal allocations. So you may recall sometimes we make a recommendation to use home funds, for example, when projects are eligible, and we have one of those in here tonight. So we make every effort to recommend the best funding source for any given development that will help you all stretch your housing dollars further. The winter request for proposal round, which we, you know, despite the fact that it's April, we are just wrapping up the winter request for proposal round. And in the lines with the state tax credit application deadlines. So this is the round where you typically see the 9% tax credit proposals because they're due to the state in early May. And a reminder, both the NOAA acquisition and your transit oriented development funds have separate rolling RFPs because that's typically land that's on the market and need to move more quickly. Again, I just want to thank staff Warren and his entire team, Michael Engelhart, who's our Housing Trust Fund Manager and is with us this evening and several other folks on the team who have been hard at this over the last couple of months evaluating each and every one of these proposals for alignment with your affordable housing funding policy. In this particular round, the Housing Trust Fund RFP was released at the end of November. came in at the end of January and a lot of work has happened in between including having development plans, site plans and sketch plans reviewed by the planning department. And then here we are tonight, April 14th. And in two weeks, we'll be back on your council business agenda for a vote. And here is your overall summary. This is the information that was provided in the council memo a couple of weeks ago. It's an illustration of the categories in which we did receive proposals. So again, this isn't every category. And the council allocation, the commitment to date, again, the $5.1 million in NOAA funds was committed by council on February 10th. And then again, the number of proposals received and the funding requested. So again, this was a significant amount of funding requested in both the rental housing production and the rental housing preservation categories, the amount of funding requested exceeds the funding available. Okay. so that's all of the preface. The next section here, we will, I will walk you through the, the proposals that staff are recommending to you this evening. So rental production, again, and in this section I'll say, I try to come up here and not read from my notes but 25 proposals, y'all. I just want to make sure I'm talking about the right development on the right slide. So a little bit of grace I would ask for just tonight as I glance down at my notes. So rental production, this is new multi-family that can include mixed use and mixed income developments. But this category also includes accessory dwelling units and missing middle production. You received 13 proposals in this category totaling over $61 million in investment requests, all of them for multi-family affordable housing. Today, staff are recommending six developments for investment, which together will create nearly 700 new affordable units, 168 of which would be for seniors. One of the developments that we'll talk about in a minute is located in the ETJ, is actually eligible for funding with your federal home dollars. So that's a recommendation that will make that won't hit your housing trust fund. And the other five that we'll be talking about comprise a total investment of nearly $20 million of HTF funding. The first development that we're sharing with you tonight as a staff recommendation is Baker Crossing. So Baker Crossing is a 58 unit family, 9% tax credit proposal. So this again is one of the developments that has also applying for 9% tax credits that will be done to the state in May. So a number of things but really exciting about this particular development, this is transit oriented development. So off of North Trian just outside the Hidden Valley community there's a map in front of you for anyone who needs orienting and this is within the I will just outside the IIT 5 Sugar Creek Card or of opportunity. So it's right there along the blue line. It's less than a quarter mile from the Tom Hunter station and it's's also along the Route 11 bus line. There's a bus stop directly adjacent. So we had a number of transit-oriented development proposals in this round. And we had a staff session to talk through the proposals with the mobility team and Danielle around workforce development and talking about sustainability. And this is one of those TOD opportunities that's just a great opportunity right now as we think about the potential for the mobility investment in the sales tax. This is along the blue line. Sometimes we think, you know, we missed an opportunity here. There is still opportunity along the blue line. This is on a 1.6 acre site. I think about this is a small parcel, but they've figured it out. They've proposed 58 units. It's a low overall investment request and a 99-year affordability period. Some of the things that are really great about this proposal, they have, if you see, the percent at greater than two bedroom, 14 percent. So they're proposing eight units that are three bedroom and 32 units that are two bedroom. So this is great. Along the transit line, it's often more difficult to get some of these units that have more bedrooms. Again, this is contingent on the 9% award. So just as a reminder, if you do approve this development for investment, then it will move forward into the application for tax credits from the state. If it's awarded, it will move forward and if it's not awarded from the state, then that money returns to your housing trust fund. I will say in this one, we think there's an opportunity to strengthen the resident services proposal. This is more of a standard resident services that we've seen in the past. They've proposed for property management to facilitate services with local providers. And we can continue to work with them to try to connect them to those local providers and strengthen that component. But we're really looking at the project with the current focus that you all have on mobility and this location and the very efficient investment, staff recommends this one to you all. All right. The next one is the Barton South. So you may recognize this name because you have funded this development previously. So this is 140 units of affordable housing. Again, in a transit-oriented development district along the blue line. So this is one of the projects that was awarded funding right as the pandemic hit. And in many of those awards you may recall experienced budget overruns due to rising interest rates and increased construction costs. And what the Barton South did at that time instead of trying to push forward with, so you awarded them $3 million in funding. And instead of trying to push forward with the development that they had proposed, which was no longer economically feasible, they used the HTF funding to acquire the land, which then bought them a little bit of time to revamp the development proposal. And now that now it is back in front of you all for that full funding. So they didn't ask for additional funding when that was available through the Housing Trust Fund. And even with the previous city funding, this is still a reasonable all-in investment. And again, this is located along the Blue Line extension. It's situated between the Tyvola and Archdale stations. One of the things you'll notice here on the location summary is this neighborhood change score is high. Remember, each of these component scores is out of 10. This is a reflection of all the construction that's taking place along the light rail, especially back there adjacent to Tybala Road. It's part of my commute between home and drop in my son off at school every day. And I tell you every single day, there's something new there, town homes, apartments. But this site is also within a half a mile of two grocery stores. And this one, again, you'll hear some of the same refrain. This is a family development along the transit line. And this one has nearly a quarter of the units greater than two bedrooms. So this has 66 two bedroom units and 32 three bedroom units. That is really great for a transit-oriented development. And another 99 year affordability period. You'll notice a trend in there. All of the proposals that the multifamily that we're bringing forward to you tonight have committed to 99 years of affordability. I'll tell you one thing is that the more competitive you make your funding, the better commitments you get from your development partners. Another value piece here in the Barton South is, here in the Barton South is they have a nonprofit service provider that they have partnered with to provide onsite services and have received a letter of intent. They're proposing to work with community link and have a variety of services provided on-site. And they're planning to do a resident needs assessment on move-in to make sure that those services align with the needs of the residents. I will also say this is one of those developments that's leveraging your unified development ordinance. So they're achieving additional building height, which provides for more units. So you are using all the tools in the toolbox, whether it's regulations in the UDO or financial incentives from the Housing Trust Fund. You've got a little bit of everything and it all works together to make these developments possible. All right. Number three, Haven Ridge at Sharon Amity. Haven Ridge at Sharon Amity will create 120 units of affordable senior housing. This is a location on Sharon Amity between Albemarle and Independence. It's across the street from Amity Presbyterian, not directly across the kind of Catechorner there. So it's within the central Abomoral corridor of opportunity. This particular location is adjacent to a bus stop that's serviced by several bus lines. It's also a half a mile from a proposed transit station along the Silver Line. Again, another 99 years of affordability. And this development is particularly strong in the resident services and partnerships that they are leveraging. So they're partnering with a nonprofit called Opportunity South Carolina. And that nonprofit partner will have a right of first refusal. So if this building goes to sell in the future, this partner will have the opportunity to purchase it. So it's a really strong partnership opportunity there with Opportunity South Carolina. They have also brought in two other partners for resident services. So they are proposing to partner with Matter Health. Matter Health would provide full-time healthcare services on site at the property, specifically tailored for the healthcare needs of seniors. So they will have a permanent space in the clubhouse at Haven Ridge and will have staff onsite full time. They also have a letter around additional resident services from a faith-based nonprofit called Mission 1513 and they would provide education workshops, financial planning, counseling, health and wellness services, and community events. And so, we, the development partner here is Dominion. This is a new partner to Housing Trust Fund. So, we're continuing to attract new investment and development partners here into Charlotte. And Domin they do have experience with Lytek They have experience using local dollars and federal home funding So staff are excited to Haven't have a new partner in the mix The next development is Union at Graham. So this one is 198 units total of affordable housing and you'll note that one of the interesting things on this proposal is that they actually max out at 70% AMI. So there's a large number of their units that are 70% AMI. The Union at Graham is on O'Nighter Road. It's north of I-85 in the Sugar Creek I-85 corridor of opportunity. Again, this one's along the 22 bus line. And it is about a mile from a proposed stop along the red line. So again, good transit connectivity. Again, this area has a high neighborhood change score reflecting the construction activity in the area. And we expect that there will continue to be more along that red line as plans for the red line progress. And one of the interesting things that Union at Graham has proposed is they actually create a community impact plan at each of their properties where they will work with the residents to create a plan for their onsite services. And they have indicated that they're providing space in this community for partnerships with partners like Alliance Health, Housing for New Hope and Urban Ministries. But one thing to note about Union at Graham, this is a lot of units and it's a very efficient investment. So the total ask of 4.4 million is an investment of just over 22,000 per unit. And most of the developments you're looking at tonight are closer to 50,000 per unit. And then when you factor in that 99 years of affordability, you're down to just over $200 per unit per year. So a very efficient use of your housing trust fund dollars, but also an intriguing proposal. All right, the last multifamily that were proposing out of the trust fund, not the last one, but the last one from the trust fund is Woodward Apartments. So Woodward Apartments again, 130 affordable units and another 99 years of affordability and another pretty efficient investment. So Woodward Apartments, this is located on the parcel that's at that very northeast corner of Camp North End near the intersection with Graham Street. So you can think about that location. It's really designed and the developer has intentionally designed it to be a link between the neighborhood and the greater master plan of Camp North End. So this site will have, of course, great access to amenities there at Camp North End, but also potentially access to employment opportunities as well. The Woodward Department, as you see under the location summary, it has a very strong location score. This light has proximity to amenities, of course, but parks, shopping center, grocery store, school, bus stops. It's also served by the 22 line. And it also has a very high neighbourhood change score. Remember, this is at a 10. So 9.9 means it's almost the highest. And in this development, they have proposed a services partnership on site with ounce of care. So ounce of care is a nonprofit. They focus on financial mobility, health and wellness, safety, and community engagement. So they will have a service coordinator full time on site that will facilitate educational programming, financial literacy, job training opportunities, and others. Again, standard communities is a new partner to the Housing Trust Fund with significant experience though in construction and preservation of workforce and affordable housing. The last rental production recommendation we have for you this evening is Long Creek Commons. So Long Creek Commons is 48 units of affordable senior housing. As I mentioned earlier, this is the developments that's located in the ETJ. So it's off of Batesford Road just north of Mount Holly Huntersville. So right there. So this is eligible for home funding. So their funding request is $800,000, which you have available in your home fund balance. And so we recommend that you utilize those funds to invest in Long Creek Commons. If you think about that location, so Long Creek Commons, it's not near public transportation. You don't have a bus line, you're not near the rail line. But this is within the adopted micro transit zone. So it's an example of what will be in the future a new way for our residents to get around in the city. It also has of course good access to shopping center grocery store and pharmacy. It has a very strong location score, especially the diversity score, which is notable in comparison to some of the other developments. This is in a location with a fairly high median household income. And also a pretty strong change score. There is a lot of construction activity in the area. And it's one of the locations where the current rental costs are already higher than the county average. This development, again though we would say, has an opportunity to strengthen resident services. Again this is a proposal where they have offered coordinated services through the property management company but they did outline what some of those might be. So budget counseling, health screenings, safety speakers, and coordinated services through the property management company, but they did outline what some of those might be. So budget counseling, health screenings, safety speakers, and social events. And again, this is the other, the other development within the range of proposals that is a 9% tax credit. So again, this is, if you approve this development for your home funding, it would then go into the application for tax credit funding in May. And I should note, actually that's also the case for the others that are 4% tax credits. What the 9%, we've called out specifically because they tend to be so competitive and at least in the past the 4% have been awarded because there's much more of that capacity. All right, so typically we recommend a series of developments and then we recommend that the balance of the proposals are deferred to the next housing trust fund round. We developed a new category for you tonight because we have one really intriguing proposal that needs some further evaluation. And that is the Brooklyn Village multi-family proposal. So the proposal is a request for $13.5 million. So this is the largest ask in housing trust fund history. And if you work to move forward with the other recommendations, this development on its own would then essentially exhaust the balance of council's rental production allocation goal. But we really recognize this is a significant site. The Brooklyn Village proposal is part of the Brooklyn Village redevelopment master plan. There are multiple public partnerships at play, so the city, Mucklenburg County, a significant proposed investment of vouchers from in Libyan. As it's designed, there are a couple of challenges outstanding with the project financials. And so our recommendation to you tonight is if you want to continue evaluation of the Brooklyn Village proposal, defer for now, but instead of waiting on the next housing trust fund round, direct staff to convene the partners. So the city, the county, and Libyan, our development partner, to explore alternatives to the current funding structure. So if we can either get the overall cost down, so it fits within your investment categories or help the development partner find additional funding sources that would close some of that gap. And our proposal is that we would bring a recommendation back to you all in June. So again, rather than deferring to the next funding cycle, we would take a look at this proposal. Because there are so many partners at the table, we think we can get a better outcome for you all on this development if we're all sitting down and working together. All right, so the next category we're going to move on into is home ownership. So thinking back to your affordable housing policy, home ownership includes new home ownership production that could be single family detached town homes, 80 use missing middle But also home ownership and down payment assistance and your ARR revolving loan fund In this housing trust fund round you received four development proposals And staff is recommending all four of them to you for investment They total 4.7.7 million in Housing Trust Fund funding, and they would create 102 new affordable homes. The first one here, we're going to share with you, is Avaline Nool Town Homes. And I'm said to see Council Member Mayfield is not here this evening as I know she would be very excited in particular to see that this is a faith in housing partnership that has come forward. A partnership between new Presbyterian Church and the Development Partner Dreamkey Partners. So this townhome development would create 54 affordable four-sale townhomes, sales prices ranging from $267 to $276,000, serving homeowners at 60, 70, and 80% AMI. And this is, as a faith in housing partnership, the Presbyterian Church worked very closely with Dreamkey partners to share what it is that their vision is and their mission for contributing this land for affordable housing. And one of the things that was very important to them was fostering community interaction. So you'll see a little bit on this picture here, but also when you look at the site plan, things like these thoughtfully designed front porches, they're all designed to promote community interaction both among the neighbors and with the church. We've included the location summary here for reference. Your location guidelines actually exempt home ownership, but because they're a little bit different. But I wanted to share some of the highlights about the location. It's near the Toby Creek Greenway. It's within two miles of major retailers and about 10 minutes from UNC Charlotte. And so it would provide some home ownership opportunities in a really good location for families. And again, with 54 new units, it's a really exciting opportunity. I don't know if you all have been keeping track of how hard it is to buy a house right now. And that has been for the last couple of years. And the pressure just keeps building as home sales prices increase. And we haven't seen a lot of relief on interest rates and so this is a great opportunity to get some new homes, affordable homes on the ground for families. As is typical with the home ownership developments from Dreamkey, they've included 30 years of affordability in their proposal. The next three slides, the next three developments that you'll see are home ownership developments proposed by Habitat for Humanity. And so you've seen some of these before. It's the Habitat's home ownership model. It's a little bit different. They require 15 years of affordability. That's for those specific resale restriction. And it requires any subsequent buyer to be within that 80% AMI. But the effective period of their restrictions is 45 years. Because at that 15 they include a right-of-first refusal and a provision that the unit may not be used as a rental. So that is that that will be the same for all three of the next home ownership developments that you see. So, Kari upon town homes as the first one. This is a mixed income home ownership development. It's located near the intersection of Hickory Grove and Sharon Amity Roads. And this development includes 32 affordable town homes that would serve households you'll see here at 50 to 80% AMI and 41 market rate town homes. So a true mixed income community. And this is a partnership between Habitat for Humanity and Stryvers Row, which is a joint venture of Kingdom Development Partners and Harmon Construction Services. So again, bringing in new partners, helping to build the capacity for affordable housing development in Charlotte. You may recognize harm in construction services. They provide the rehab work for the NOAA properties that you have invested in previously. They're also currently participating in the emerging developers cohort that you all funded with corridor dollars with LISC. So a really great partnership is being built here at Kariapond. This is actually a nine acre site. So again, the opportunity to do more things and have a true mixed income community. All right, the next two development proposals against still habitat. They're smaller, more of the infill sites, similar to what you saw from habitat in the last round of the Housing Trust Fund. This one is through road town homes, and this is located near Craighead Road and North Trion Street, just a small infill site. And this project would consist of two buildings, so it would contain eight units, and seven of them for affordable home ownership, for households between 50 and 70% AMI and one that is proposed to be market rate. So again, these are four sale town homes, three bedrooms, two and a half baths, and this particular development is laid out where the two different buildings would be separated by a parking lot. So they've done a lot of work with their team and with the planning department to really maximize the use of this in-fill site. The last home ownership proposal we'll talk about tonight is Tom Hunter Town Homes. And this is again a smaller infill site. They're proposing 10 units, six single family detached homes and then two buildings that are duplexes. This will have nine affordable homes serving households between 50 and 80 percent area median income and one market rate. You can see the design here is on the screen that they would have because they're a mix of single family and duplexes units that range from 1,200 to 1,500 square feet. And they have proposed sidewalks and a preserved tree buffer along the side of the property. Again, doing the hard work to make the most of what can sometimes be these tricky in-fail sites. All right, I can just take a deep breath here, making our way through. So that's home ownership. All right. The next investment category who we're going to talk through is rental preservation. So rental preservation in your policy, this is referred to as rental housing preservation and anti-displacement. So this investment category includes your NOAA acquisition and rehabilitation, but also it's small landlord investments and potentially multifamily rehabilitation and redevelopment. We did approve the Sharon Point community and investment in February for a for $5.1 million and so the balance in this investment category is $8.9 million and you've received two proposals for this category. Both of them are for NOAA acquisition and rehabilitation and the challenge that you face on this one is that if both of them are for NOAA acquisition and rehabilitation. And the challenge that you face on this one is that if both of those developments were awarded funding, they would exceed the allocation goal for rental housing preservation by one and a half million dollars. And they're both strong proposals. So today we're going to share the information with you on both of them and wanted to get your feedback before we move forward with the final recommendation around rental preservation. The first proposal is the Hideaway at Kings Park. So this is a new development partner for Noah's Sandy Road Ventures. And this is a new development partner for NOAA's Sandy Road Ventures. And this is your NOAA investments, which you started on the cutting edge of this work with your 2018 bond. You have done a number of these investments with Ascent Housing and this is the first proposal you've seen from another partner and so we're starting to see an expansion of the partnerships and capacity in the NOAA market. You'll see the hideaway at King's Park. This is a kind of lower density apartment community, 110 units. It's on King's Park Drive, but just off of West Boulevard, tucked behind there, kind of Dr. Carver Road, where it lines around. There's a lot of new townhome development in that area. And you can see it has a very high change score again, because there is so much of that development happening, but in an excellent location, a high location score. And so they have requested $5 million in Housing Trust Fund funding and notably they've committed to a 40-year affordability period. So each of the other NOAA developments that you have invested in previously has been a 20-year investment period and Sandy Road Ventures has committed to 40 years. And so that, you'll see that there, you know, for $5 million, you get 110 units. And partially, this is because this is a much older development. And think it was constructed in the late 60s and so it needs a substantial amount of rehab investment which is why you see the investment per unit here is 45,000 ish which is in line with your new construction investments. The other proposal that you have in front of you is Woodford Estates, which would be called Willow Park NOAA. This is a proposal from Ascent Housing. So again, this is the partner that you have been working with in your NOAA investments. This is a larger community, 228 units. This is off of Central Avenue. And this, you know, the standard model that a scent housing has brought forward to you. Again, the book of the investment is for rehabilitation. They're around 23,000 a unit, but typical of the SANT model. They've committed to the 20 years of affordability. Again, a pretty good location, especially with the proximity score. And what's really interesting about this particular community is that sent housing is partnering with Roof Above, not just to provide units, which they do in many of their NOAA communities, but Roof Above is actually coming into this development as an equity partner. So they had a philanthropic contribution that they're bringing to the table as an equity partner. So this is a real investment. Warren was just giving me an overview. He said, this is a real investment. They will get a small return on this investment, which helps them fund operations. So it's a really interesting model that will provide housing for families that are coming out of homelessness but also could provide some funding for Roof Above because of that investment that they're bringing to the table. One thing I want to note here, they do have a $2.5 million ask in their financial stack, a request out to Mecklenburg County. We checked again with staff today at Mecklenburg County that's intended to advance to the County Board of Commissioners for OVO in May. So if you wanted to advance this development, again, it would be contingent. You've done this before with the NOAAs that are partnerships between the city and the county. And I'll note that both the Highway Park and Highway at Kings Park and Woodford Estate. Can you see why it might start to stumble over all of these developments at some point? Both of them have also applied for the rental subsidy that comes with the NOAA subsidy program. Okay. Next up, T-O-D Land Acquisition. So again, your housing bond programming includes $5 million for land or site acquisition within current and planned transit areas. The good thing is you still have $1.5 million balance in the infient loop payments that were made, actually, I guess almost two years ago now. And the, so for this particular development, the developer is requesting $1.5 million, which means that you would be able to move this development forward without tapping into that $5 million in the housing trust fund. And so the developer has proposed $1.5 million to support the acquisition of this parcel located within a transit-oriented development area along the gold line. So this is that, oh, it's a small parcel on Trade Street just as you cross over 77 coming out of uptown. This is the parcel that's directly on your right, directly across the street from the bow jingles. So if you can picture it, that is half an acre. And so the developer, though, has been working closely with planning and working to be as creative as possible. They are estimating a yield of about 100 units on this site. So they're proposing 102 units affordable to families are named between 30% and 80% for the affordable units and then they've also proposed a component that would be 80 to 110%. So it would be a mix of affordable and some of that workforce housing for families. This is proposed as a car list development. There's no on-site parking. That's how they're squeezing it onto that site. So in their work with planning and this has come forward, they would be leveraging the gold line. They are planning an electric bicycle share on-site. There's a nearby off-site electric vehicle share program. So a lot of interesting approaches in this. They're also aiming to establish what they call a health care empowerment program to provide various residential services to promote health and also economic mobility. So we expect if you approve funding for the land acquisition, we actually expect this to move forward pretty quickly. They're fairly far along in the design. If you approved the land acquisition, you might see this again fairly quickly. But this is a really interesting development and an opportunity to trust some new things. That we don't have a lot of here in Charlottes. Okay, so that is your housing trust fund. RFP, that is the NOAA RFP and a land acquisition. So we also have, right, we're just, and wait, there's more. We also have for you tonight a couple of city owned land parcels that we are to recommend. So you may recall last February, Phil Rieger stood here before you and gave you an update on the real estate collaborative work and the use of city-owned land for a variety of things that would advance your strategic priorities, one of which of course is affordable housing. And so staff have been working, yeah, but we've had a real iterative approach to the use of City-owned land. When the city first started leveraging City-owned land, we were new in the game, our partners were new in the game. There was a lot of work to do, even after those parcels were awarded. And so we took a step back from that original approach and we started doing much more due diligence around the parcels working closely with our real estate team and so it has been a little bit slower coming forward to you because we do so much of that heavy lifting now on the front end. And then in addition as we continue to adapt the approach to city owned land, we're really thinking even more broadly about land development strategy, a comprehensive land development strategy. So how are we working with the county and CMS and the city about the locations of municipal land for affordable housing? How might we leverage land for the co-development of housing and municipal facilities. So Warren shared an overview of our current land development strategy with the Housing Safety and Community Committee last week. We would certainly be happy to share more, but boy, boy, I've been talking to you a long time tonight. tonight. What I want to do is share with you that we put out in an RFP three sites. There were four parcels, but three sites. You can see them here listed. The University City Boulevard site, which you've actually you awarded something on this site previously that didn't proceed. And then a on Tiner Street and Freedom Drive and we received five proposals in total and we're recommending two of them for you tonight. So we'll start with Tiner Street. So this location at Tiner Street is about three-quarters of an acre. It's near the intersection of University City Boulevard and North Tri-on Street. You just received one proposal for this location, and that proposal came in from the Communo CDC and True Homes. This is a partnership. So if you think about this location on Tiner Street, it's located almost directly adjacent about a block down the road from the Camino Church and the Camino Health Center. So this is a very strategic location for the Camino CDC to activate on some of their goals with the people in Charlotte that they serve. And they are proposing 12 rental townhomes, so 14 units altogether. 12 would be rental townhomes and 2 would be transitional homes. And they would serve families at 30% to 90% AMI and again as a reminder what we do with city owned land is we get in initial proposals you all make the recommendation or we make recommendations and you all make decisions about awarding the city-owned land. And then we work together to flesh out the full proposal. So at this stage, it's still a concept, but you can see they have quite done quite a bit of work. And so this is a proposed 99 years of affordability, the conveyance of a ground lease. And if you did vote on the 28th to move this forward, then we would begin the process of conveying the land and they would then finalize their proposal. And again, potentially it would come back to you as a housing trust fund ask. But at this stage, there is no funding attached to your decision. This is a decision to convey the city on the land for the purpose of affordable housing. The second site is what we call the Freedom Drive Assembly, and just because there happened to be two parcels, directly adjacent to one another. So it's two parcels. They're between, let's see, Thriftwood, Hen Bradford, who's in the Freedom Wilkinson quarter of opportunity. It is just down the road from the Tuck a CG Rec Center. If you can think about where that comes in to connect to Freedom Drive. And you received two proposals for this assemblage on Freedom Drive and the proposal that we're recommending to you this evening came in from True Homes and Prosperity Alliance. So again, another partnership that would bring 12 town homes, these town homes that would be four-sale town homes. And so when we do, when they, when our, when we do four-sale instead of a ground lease, the city would convey the land in fee simple. They are proposing affordability period of 20 years and 60 to 80% AMI. And one of the interesting things that because of the partnerships that are here, there's also true homes as a partner partner on the other city-owned land opportunity. And so one of the things that they have been talking about is how do you create a pipeline then where you have two units of transitional housing rental town homes and then also a development of new town homes. So, again, are working hard to be responsive to the things that you included in your affordable housing policy and getting creative with partnerships because that's the only way they can make any of this work. Okay, so that is the end of individual developments that I will be reviewing and we are now in the summary section of tonight's presentation. This is where you'll need to get out a, you know, your reading glasses there with these that are in front of you. You need a book. Okay. You need a book. Because again, this is quite an impressive array of opportunities for investment. When you look across the rental housing production, we're showing here you have both five developments out of the Housing Trust Fund and one with federal funding, again, nearly 700 units, 160-ish of those are seniors. In home ownership, of course, you received four proposals and staff have put forward all four of those proposals as recommendations for your consideration. That's about almost 4.8 million creating 102 units of affordable home ownership. In the rental housing preservation and anti displacement investment category, you'll see a couple of asterisks here. This is again, the situation is if both of these were recommended, that 10.4 million would exceed the current allocation goal for rental housing preservation. So I have some tables and even some graphs in the next couple of slides to help you visualize where these recommendations stack up against your investment categories. TOD land acquisition, again, that's $1.5 million. It wouldn't hit your housing trust fund. That would come from your fee and low balance and then the two proposals for city-owned land. When you look across this whole range of recommended developments and it, on this particular slide I will note, I have included both of the NOAAs. And so your investment would create over 1,100 affordable housing units, 100 of them at home ownership in a sales price range of 267 to 285. So you can see on this slide at the various levels of area median income what the rent ranges would be. The range that's shown here is a range from the rent for an efficiency to the rent for a three bedroom. So this is an opportunity that an investment opportunity that creates a lot of opportunity for households and families in Charlotte to to opportunity that an investment opportunity that creates a lot of opportunity for households and families in Charlotte to live here affordably. And then the summary here of the deferred developments, these we haven't gone over each of these in detail tonight, but they are included in your housing trust fund booklet, so you'll have an opportunity to see, again, the full detail on each of these. And we're careful about making these recommendations and framing this up as a deferral. These developments, we think, with some additional work in partnership with staff and the developers that we can bring back something to you in a future housing trust fund round. So note here, the asterisk we've put by Brooklyn Village. Again, this one we're recommending, if you'd like to pursue this large ask, we're recommending further evaluation. And then there are five other developments that are recommended for deferral. And along with the City-owned land parcel at University City Boulevard, we did receive an application for that parcel. And at this time, there's a lot of challenges with that parcel. And at this time, we proposed to defer that parcel to continue to work with the developers. You did approve a recommendation previously. It was for a 9% tax credit development and it didn't score on the site score for the housing finance agency so that didn't move forward. So here we are again and we think this parcel will probably need to take a little bit of a different approach. So I talked about how we're iterating on how we really activate on City-owned land. And this one I think will need to be a little bit more directive in what some of the opportunities are there. But again, particularly in the rental housing production for staff recommendations in the very first round with your new policy. We've been on the conservative side in terms of what we recommend. There are a lot of good developments that are in this deferral list. And we wanted to err on the side of reserving some of your capacity in that rental housing production for future rounds, but I think I had shared earlier. We make recommendations and then we'll hand these off to you all for deliberation. All right, a couple of different summaries here at the end. I just want to walk through briefly. A couple of different ways to slice and dice this and think about the overall recommendations. And if they were approved, what would the forecast look like in your housing trust fund? So again, out of your $100 million bond, your current balance is $94.9 million because of the NOAA community that you invested in in February. The total of the housing production, housing production recommendations is almost $20 million. If you moved forward with both of the rental housing preservation recommendations,'s 10.4 million but again that exceeds your allocation goal for rental housing preservation and the homeownership development recommendations are around 4.7 so this is a total recommendation of over just over 35 million dollars so if you think about this from the perspective of the $100 million bond, there's some capacity still for your other categories and for other developments to come forward. But $35 million in one round, I'm not sure this is something that we've ever seen before. And this is made possible because of your historic commitment to affordable housing with the $100 million bond. If all of the recommendations and both of the housing preservation developments were approved, your ending balance would be just under $60 million. So another way to look at that, because there's within that $100 million, of course, you have investment goals. And so out of all of the investment categories, the ones that would be tapped with this particular round of recommendations are rental housing production, home ownership and rental housing preservation. So this slide shows you where you are currently with the funding available. The total of the funding recommended and what the balance would be in each of these three categories if the investments we talked about tonight did move forward. It would leave you with a balance of $15 million in your rental housing reduction investment category, about 20 million in homeownership. And then again, with the rental housing preservation, if you move them both forward, you'd actually be over by one and a half million. So this is not what I expected to see when I turn to this slide. I'm hopeful that what you have in front of you looks a little different from this. No. OK. So when you see this slide in the corrected presentation, what you'll be able to see is how the recommendations stack up according to the total allocation. So it again just a graphic representation of this table and I'm going to have to say Council Member Walenton just told me earlier I haven't disappointed her yet but what do you think y'all does this count? So really what the slide intended to do was to illustrate that within these, particularly the rental housing production investment category and your rental housing preservation category, how each individual project kind of taken together adds up to the recommendations and the balance that's left. So same information that's here on this slide in a bar chart form which we will make sure that you have in a way you can actually read and follow up to this presentation. And so one other look here, same information, but this is across the entire $100 million bond. So not just the categories that would hit that from the recommendations tonight, but again, out of the $35 million, the current recommendations are are right around 20, leaving you with just over $15 million of capacity in that category. Home ownership is moving up slower, but as a reminder, this is 102 units of homeownership, which is one of the largest amounts of homeownership we've seen in any given round of the housing trust fund. And you'll start to see more of that investment go out the door as the city invests in down payment assistance and acquisition rehab resale. So we've already activated on on both of those things. And then finally, again, in the rental housing preservation category, you currently don't have capacity for both of those developments, so there's some things to deliberate on for you all tonight. And for the next two weeks as well. So here's the schedule moving forward. So for the Housing Development Fund, the recommendations we bring to you tonight at Action Review, Council approval is scheduled for two weeks from tonight on the Council Business Agenda on April 28th. And the schedule that then you move forward, after that there's financial closings, design and permitting, approvals and then so then there may be rehab or new construction and so the things that you vote on this April that typically would come out of the ground anywhere from 18 to 24 months. One of the things we were very diligent about in our evaluation of the housing trust fund in this round, staff paid close attention to how ready were these proposals. So all of the proposals that are in the mix tonight are developments that are ready to go to closing anywhere from six to 10 months. The city-owned land, of course, operates on a little bit of a different schedule. This will still come before you on April 28th for approval, but that's just approval of the land conveyance. It's not an investment. What would move forward then is purchase, pre-development, design. Then if they're coming back for a housing trust fund ask, they would put that proposal in in a future housing trust fund ask. It would come before you for consideration and then move forward to the financing and construction stage. So that one is a little bit longer. And then just as a reminder, yes, this is a lot of information tonight, but we will also be providing the Housing Trust Fund booklet. So you'll have lots of time to review and absorb and consider over the next two weeks. this comes forward to you on your council business agenda and That is the 25 Proposals that you received in this round for the development and preservation of affordable housing and wow. But sitting here from when we started at $15 million and where we are today has been absolutely astounding. But I just have to say, you guys have done a terrific job in doing this work. I always really try to figure out how much more we can do. And you guys have hit it out of the park on what we can do and how we can do it. So congratulations. I know you must be exhausted. Get some water. And the team as well. I know it is a teamwork. And I think also the council members that have supported this effort, Miss Mayfield and as well as Miss Watlington being able to hear from all of us, think about this where we were in Asheville talking about how do we do this and here we have, I think, a process like none other and so I want to say thank you for the work that you've done, the challenges that you've completed for us in a way. So I'm not going to recognize Ms. Watlington. Thank you, Madam Mayor. I would just echo the statements that she just made in regards to the incredible work that you all do. You continue day in and day out to show up and lead the way, not only for our city, but for the nation. So thank you for the work that you do. I'm very excited to see the volume. This is what we want exactly like we said, so I'm excited to see the interests and the mix of products that we have here and also some new players at the table as well. I like that with this holistic approach around outcomes for our residents, we're starting to see folks get more creative with what they're bringing to the table and their offerings because it's not just about the housing on the ground, right? It's about how are we elevating people through the economic mobility ladder. So I'm excited to see that. To that end, I'm particularly interested in if there are any thoughts at this point, given what we've learned today in regards to how to increase the home ownership projects. Sure. So. interested in if there are any thoughts at this point, given what we've learned to date in regards to how to increase the home ownership projects? Sure. So one thing I will say, and you have a couple of your home ownership partners here in the room, is that you're gonna see more of these in the next round. But then also, when you think about the way that the home ownership component was programmed because it does also include down payment assistance that moves out the door programmatically. And really for home ownership to work right now, we need every strategy. We need our partners that are doing new construction of affordable homes and we need to continue to provide home ownership and down payment assistance and then also for the acquisition rehab resale. And so we'll have some conversation with our partners. We'll continue to talk to staff and check back in with you all about ways to accelerate those opportunities for you and see if we can bring back even more opportunity in the next round. But also, as we roll out the new how Charlotte Program Guidelines which I believe they've gone out just in April. Yep, so we had a soft launch of the new program guidelines. They're really designed to make homeownership more accessible in increasing the program limits and encouraging folks to match funding from other sources. So we're really excited about getting that going and out in the market and we think your down payment assistance is going to start to roll a lot more quickly as well. But we'll take that back and talk to our partners and think through, you know, what else, right? We had the conversation about innovation. What else? There's a lot of opportunity within the city on land, I think, to activate on home ownership. But I think it's going to be more of the city directed where we do some of the fit studies and the things we're doing at Wilmore for example where we're working with the planning department and thinking through what would what's possible here and we're doing that work also right now on the old double oak site for example so I'm excited about what we got 102 units in this round, but I think we're gonna start to see that move more quickly. Partake, and just a couple quick questions on home ownership, we're gonna move on to other topics. Can you help me understand what's driving the years before the ability on home ownership? How is that, how are we to interpret those numbers? Any ask that one more time? When we see on home ownership projects, years of affordability, how is that tied into the sale? Okay, so it works with the deed restriction, just the same way that we ensure affordability in actually all of our investments. It works through a deed restriction. And so for depending on, there's a lot of different types of model for home ownership, but depending on which one, the initial deed restriction is, you know, with the new town homes, for example, that initial deed restriction, that's for 30 years. And then with the Habitat Home Ownership, that initial deed restriction is 15 years, but then the effective affordability is extended with the right of first refusal and with the provision that it can't be used for a rental. And so we use those deed restrictions to ensure that affordability over time, just like we do with multi-family. And then it goes into our pipeline of asset monitoring. And so depending on what stage it is, in that period of affordability, if it sells, it has to sell to another homeowner that's below 80% of area median income, or if it's during the period of right-of-first refusal, then Habitat actually has an opportunity to purchase it back and recycle it back into their program and create a new home ownership opportunity which would then restart that clock. Thank you. Thank you for that. And then to your point about recycling, I ask this question every year and every year I have to ask it again, so forgive me. When we put gap financing on a project, do we as the city then have an ownership stake or does that money eventually retire to the city at some point? So we don't have an ownership stake. We loan the money and then we have a lean position essentially. So, and the way that the Housing Trust Fund loans work is they're negotiated with each development, but they're a small percentage, one or two percent cash flow contingent loan. And so it would be repaid over time contingent on cash flow. And then at the end of the affordability period, that loan would be paid back. However, it's our goal to keep affordability as long as possible. So we are starting to see there's some investments from the original housing trust fund in 2002 that are nearing the end of their affordability period. and staff's goal is always to negotiate with the developer, leave your money in the deal, and extend the affordability period. But yes, it's alone, it gets repaid, and there's no ownership stake. And I just want to get a nod. OK, yes. I had to bring my wingman tonight. It's just a bright one. It's a big one for sure. For sure. Thank you for that. That's helpful to understand. Especially as we start to see some of these projects come in, and we start to knock on the door of our limits for each category, want to understand what might also be another stream or another means to continue affordability. Just like with the fee and lieu, I'd be very curious as to how that program overall is working. Because I know we've got the 1.5 and we're about to use it, should we go with the recommendation, I'm just curious as to how that's been. You have a little over 16 million more in the pipeline for fee and lieu commitments. Oh, thank goodness. The way that program works, they don't pay until they pull a building permit. And so those are all developments that have come through for approval, but have not yet pulled a building permit. And at the time of pulling that permit, the payment is made to the city and it then becomes available in your housing trust fund for land acquisition. Awesome. Last two things on my end as it relates to the rental reservation just the follow-up I heard you say that if we were to do both of these projects in this round we would have actually exceeded our overall commitment there. I'm very, very careful not to do that too early. So I personally would lean more towards choosing one of those projects. That obviously is a pretty discussion around the dius, but that I would love to see us preserve some opportunity there because we want to make sure that we get some of the other types of investments in with this overall budget. The last thing I wanted to speak to was Brooklyn Village. I'm very interested to see how that one continues to shake out. I know that there are some conversation around what that AMI makes really looks like and how do we make sure that we position that project for success and the people in that project for success given that they will be living in center city. And how do we make sure that we are providing housing that matches the kinds of workers that we need in center city to keep our engine running. So I'll be very interested to see where that one goes and what certainly be supportive of bringing it back in July. All right. Thank you. All right, Mr. Mitchell. Thank you, Mayor. First of all, I get to think the citizens of Charlotte. We went to the poll and voted for this $100 million affordable house and bond when some people questioned what we're doing the right thing Staff thank you for making the city council look good This is a lot of work in the way you all have tackled it listening to our priorities I'm just excited about this work To Monica and Sean. Thank you. I saw a CBI commitment of most of the projects. So as we continue to tie in some of the other projects, like minority owned businesses, I thank you staff and Monica and Sean for doing some heavy lifting. Let me follow up, Omega Madam Chair on the partnership on Brooklyn Village. I think it'll be helpful as we look at all the partners, where's the county participation, the Olivia participation, I think there's some conversation about vouchers. And so I want to make sure that if we can get that part of our additional information. And last but not least, as you told us at the retreat, Rebecca, you just hit a grand slam. Thank you, Mayor. Mayor Prattam. Thank you, Madam Mayor Pro Tem. Thank you Madam Mayor and Rebecca here you go. I got some water for you. Thank you. Now really great job and congratulations to you and the team. I want to start off by echo and my colleagues sentiments as it relates to Brooklyn Village and just more penciling and collaboration. We need to circle the wagons on that project and make sure that our partners are at the table. And it's an important part of the city, it's an important history. And I just want to make sure we do right by that space so keep working on that. I would advocate for keep working on that. But I do have a couple other questions for you. Just on slide 38, which they're breakdown, I was really taken away by this 102 units for home ownership. You know, we talked about doubling the investment in home ownership more than doubling it. So it's 25% of the housing trust fund. So to have those units, that feels really good. But I just had a question around the units for home ownership relative to the overall base, right? So right now it's looking like it's a little in between 9 and 10%. I just eyeballing it. I know it's much higher than we've had in the past. And in the past I've asked for it to be about 10%, at least 10% of the total budget. But can you just say more about the actual units that we might potentially see? I know Miss Watlington just asked about the down payment assistance and other things. But do you see it in the horizon any more units coming on board for home ownership? I believe that there is more of a pipeline out there. I mean we've seen home ownership production from our great partners at Dreamkey and Habitat. I know that they plan several years out and we expect to see more in the pipeline in your next round. I would ask, Lauren, do you have anything to contribute there? I know you work closely with those partners. Yeah, we have some great homeownership. And what you're seeing in front of you are just their current asks for this current round. You are not seeing their full pipelines of production. I will also say that one of the things that, we're currently at just a point in time where homeownership is just disadvantaged due to high interest rates, which is making it very hard on our partners to pencil these out. Yes. We're hoping that those interest rates will moderate some to help with some of these gaps. The problem that we're seeing is just the enormous gap that they need to get our working class families into home ownership with these high interest rates. And so they've done a fantastic job getting you these 100 units up on the screen. But there's more city and land that's coming online for this. We've talked about acquisition and home ownership has always been contemplated for acquisition. And then if we can just get a little help on those interest rates, it's really gonna help to get these units out the door. So I'm very optimistic that you're going to see the pipeline that you're looking for. Okay, okay, good to hear. But to see that even the mortgages are really the total cost is really going to be under 300,000 for the units that you're breaking on. It's pretty phenomenal in this market. So again, kudos on that. On slide 29, where you talked about the West End apartments, that opportunity there on 0.45 of an acre, can you just say more about this particular development? Is this something that we've seen in some of our pure cities or is it sounds like the level of density on this on this small plot is intense? It is and this is particularly because there's no onsite parking. So this is a trend that we see across the country in much denser cities. It's also a trend for transit-oriented development. And I expect you'll see more of these in Charlotte. I believe this one came through rezoning. This has already been through rezoning, so we can also provide you with a link back to that information for more about how that parking waiver was achieved. But it's really thinking about especially near the urban core with good transit access. This might not be for everyone, but for people who are in Charlotte maybe living without a car and using transit to get around and and you know again, they're on the gold line, but there's other other options for mobility and there is a planned to be on site bike share close proximity to a EV car share. So there will be a lot of different mobility options for the residents here. And if you think back to, for example, the visit in Munich where we were really looking at, how do you combine sustainability and mobility and affordable housing. There was some parking there, but it was primarily for bikes and car share. So it's a model that's really being employed very successfully in other places. It's just relatively new for Charlotte. And I expect we'll see more of it, especially along transit lines. As we strive to achieve density in those corridors according to the growth plan and the comprehensive plan. Got it. I think it's a great location and great use given everything you said. I just want to make sure as we do projects like this, you know, we have some carless developments over in the Noda area that's very close to the blue line. And yet the community is having challenges with individuals living in those carless apartments taking over the parking. And so, and something like this, which is fantastic across the board, just making sure the way we execute it in the implementation that it have some kind of teeth related to being a true carless establishment. And the last question that I had was on slide 26 about the rental preservation. And just looking at the numbers here, I know you mentioned that. King's Park is a much older establishment than Woodford Estates. But the investment per unit is over double. So more than 100% than the wood for the states. It just seems like a lot to invest for ANOA. And interesting that they're making it work financially. But can you just speak a little bit about that high investment? I know it's right in line with the rest of our, brown field, brown, field or green field establishments but it just sounds very high for ANOA. Well I think what you're seeing is a new partner and a new model, right? Because the NOAA communities that you've invested in to date have been with Ascent, they have a very specific model, right? They've partnered with the Housing Impact Fund to do social impact investing. They have a 20 year affordability commitment that because of the nature of that fund, they have, you know, shared that they cannot increase that affordability period. Right? So, you're so, you know, even for staff, we looked at this and thought, okay, this is something entirely new, really talking through with them, how would you make this work? So it is a significantly older community. It is, so the investment per unit is really a reflection of the much higher investment that they will be making in the housing rehabilitation. So because it is older stock but also because they are committing to a long affordability period, it's not a situation where they would be successful if they went in and did surface level type of rehabilitation. There needs to be a substantial investment to ensure that this can remain in good use for a long period of time. So really what you're seeing is a new model. And again, this is a new partner and we haven't invested in this type of model before. So it's, it looks a little bit different, but it, it achieves similar goals around anti displacement because with the acquisition, then the households that are living there can stay there with the rents, kept at affordable levels and then smaller increases over time instead of it being put out on the market with a potential displacement if it were solid at market rate and the rents increase. So it's the same foundation in the purpose of the preservation of the units. It's just the financial model is a little bit different because they're substantially older. They need substantially more rehab investment than what you've seen in the past. Okay. Okay. Well, thank you for all the work. I mean, just the response clearly states and underscores the amount of demand that we have in the community. So it was a lot of work, but I greatly appreciate it. I believe we have Ms. Molina and Ms. Azumira and Mr. Graham. Ms. Brown. Okay, and then Ms. Brown. Okay, so we go one, two, three, four. Okay, let's go around. Go ahead, Miss Molina. Thank you Mayor Pro Tem. First of all, thank you both for your work on this. I don't want to belabor a point. You got to be tired. That was a lot of information, a whole lot of work. Yeah, seriously. I mean, you did a fantastic job presenting a lot of data all at once. That's not easy. So thank you for your work on this. I have a few specific questions, and I'll just hit them at a high level, and we can take the rest offline. I have, and you, I've communicated the Haven Ridge at Sharon Amity with you. I did drive past those lines. So I drove the ones that were in District 5 this weekend just to take a look. And those two lots, I reached out, so Cementry Woods is the neighborhood that's adjacent to this particular opportunity and not to call them out, but that's where John Autry lives. Right, and they have one of the biggest spaghetti dinners on the east side, right? It's famous, like the annual spaghetti dinner is a big deal. And so last week I spoke to the developer, and I asked him, I said, well, have you spoken to the neighborhood? And he told me he couldn't reach anybody. So that was a concern for me. So what I did was start to reach out to the community. And then they were then interested in this particular project to know what was going on. So not to say that it's not a good opportunity, but I think having a mother who's a senior, right, who is not car dependent, right? And I saw the bus stop that's right there, so that's absolutely a plus for someone who would be senior, but it immediately affects Coventry Boots if we're gonna put 120 units where only two houses are right now. The vacant lot that's right there behind the dollar general that's on the corner. There's a vacant lot across the street right across from the church. So this particular decision from a standpoint of making it now, I think it will determine what type of infrastructure falls in line with what this development needs. And I would like to see because that community and that area is so engaged. I think it's important for us to tap the community and not to say that the decision is dependent on that, but I think having the impact of the community to say, you know, this is what's coming, what do you think? You know, the housing trust fund dollars that you entrusted us with, we're going to make a decision to do this, right? I am all for senior housing. I think it is something, our seniors, especially on a fixed income, every time we can do that, you've got my support eyes closed, right? But it's got to make sense for where we put it. And so I was looking for the things that surround it that wouldive for, you know, the various levels of seniors that we get who need different things, right? I know that there is a contingency for a potential silver line something. I don't wanna go too far into that. It's pretty scary. People start to bark at me. I, you know, so I, you know, just for right now, based on the infrastructure that we have right now, I think we got to take this particular one offline to have a few more discussions to make sure that we're good before we move forward. I think anybody who is paying attention, who knows that we're gonna provide resources to our seniors could easily get behind it as long as it makes sense. So that one is one that I think, you know, like I said, we'll take that conversation off line and go in depth and see if we can tap the community for that one. And I had responded to you about the community engagement piece. May I share that? Yes, here tonight. So I think one of the things that's important to note is that community engagement is a requirement of the developers when they submit proposals to the Housing Trust Fund. And so they're required to notify residents in the immediate vicinity and then reach out to neighborhood leaders who are registered neighborhood leaders with the city's neighborhood organization contact list and host at least one community meeting. And so developers, they have to go through all of those steps and then they submit the minutes and the feedback and all of that to staff as part of their proposal. In this case, they had the applications in January and they had until the end of March to complete community engagement, but yes, sometimes leaders or neighborhoods or others can get missed in the mix. And so it's one of the reasons that we have additional opportunity in this interim to share information about the project's as needed. So we can follow up absolutely offline. I just wanted to make sure that for your colleagues that they also heard that response. Yeah, thank you for that, Rebecca. You may have even sent that for me. I know you're very responsive. So thank you for that. I think because I know the level of engagement of this particular ESI community, that's one of the things I asked him about. I'm like, hey, did you talk to Coventry Woods? It's, I mean, literally the guy who held the seat for three terms, he could throw a rocket this place. So to say, you know what I'm saying? So I wanna make sure that we do our due diligence there. And like I said, hopefully it's just a go, right? But that part we could take offline. The Korea Fund, let me pull that up. My apologies for not having that pulled up. Korea Funds. Yeah. 22. Thank you. Thank you, Miss. Mera. Mr. Mera. So yay, yay, and yay. Wow. Wow. Awesome. Right? A Lisk partner. The mayor actually headlined that event with Lisk. We were in the room with all of those future and upcoming developers that will be apart, hopefully of what our future entails from a development perspective and to bring two of them into the fold for this particular opportunity is I believe outstanding forward thinking work. Kingdom development, harm and construction, both great partners in the community, actively engaged, going through, just mixed income, just yay, yay, yay, high five, yay. And the chair of the housing committee, she brought up a good point about the mixture in our four-cell units and our rental units. So I'll let them because I'm not a part of that committee, but I'll stay tuned to not take up too much time today to see what the future ideas are about how we execute with this. But like I said, you guys have offered us a very diverse list. I will say this out loud while I have the ability to speak in that. Oh, and Woodford Estates, that's Mark Etheridge and crew. I've already spoken to Mark. I'm really excited to see him take on another endeavor for each Charlotte where we'll be able to save 228 units potentially with this particular impact. So great job there. But I will say this, a lot of the residents of District 5 in E Charlotte tend to tell me that we get all of the affordable units. And in this case, it's not the case, right? It's literally only three on this long, long list and we've really diversified where these are in our city, right? So I see you guys being forward thinking, I see you using every opportunity to divide these opportunities across districts with the largest right now actually being in district one it looks like, but there's still others that are spread throughout. So for the most part, great job. Look forward to taking the rest of the conversation offline. Thank you both for your work on this. Thank you. We have Ms. Agimira and Mr. Graham coming around. Thank you. And I have three points. I also like to echo the excitement of Mr. Mitchell, then great job, Warren, Rebecca, the entire team for bringing this forward. It's great to see how many proposals we have received. And it's also gotten more competitive than the ones we had seen in the previous years. So it's great to see. I've also seen where the funding investment per unit has gone down significantly, which means we can stretch our dollar further and build more units. So great job on that. So three points. One, I appreciated how we have invested heavily in 30% AMI or below, because I know there were studies done that showed the need was greatest at 30% AMI or below. So currently we have over 20% dedicated to 30% AMI or below. that shows we are serving the most vulnerable population. So, Kurosdh to you in really addressing area that is very difficult. All right. Back in I echo comments made by my colleagues in terms of expanding our reach to new partners, new developers? Right? Because I hear often that it's the same partner that we always work to it to do other developers have a shot. So it's great to see that we are doing that. Number three, I have questions about a photo-ability period. It's great to see that we have seen some really 99 years all the way, I mean, 99.50. That's great compared to what we had seen in previous years. So one I would highlight is Habitat's proposal that's in District 5 that Councilmember Molina had raised. I think that's great, but I see years of affordability is 15 years and even the investment per unit is 51K per unit. Could you speak to that because I do see another home ownership which is by dream key where affordability time frame is double and the investment per unit is less. So obviously we want to do more home ownership projects because that's where residents get an opportunity to build generational wealth. So if you can just speak to that, I see habitat team is here, thank you for all the hard work that you do and bring the proposals forward. And yeah, I would like to understand more in terms of that. They have three proposals for home ownership and all three have 15 years. So again, there are multiple ways to accomplish affordability in home ownership. And the habitat model is specific to habitat. And they work with homeowners all the way from the point of interest in homeownership through getting folks ready, prepared with budget wise, their families actually participate in the activities of creating the homes. So they have a very specific model. And in this model, the initial affordability period is 15 years. So that's what we refer to as the resale provision. So if within that 15 years the home is sold, then it has to be sold to another household that's also 80% AMI, so it remains affordable. But the period of restrictions actually extends another 30 years beyond that, meaning that up until the 45 years, so if it's after the 15 and before the 45, then if that home is sold, there's not the resale provision, but there is a right of first refusal, which gives Habitat the opportunity to purchase and recycle and then restart the the affordability period and also during that time the home cannot be used as a rental so if it's sold it has to be sold to another home owner and then the other thing again these these, these, there's not, not one way better than another. There are two different models. But Habitat typically is through their model working to serve households at lower AMI levels. So if you look at their, their proposals, they have, I know, let's see it's in. Yeah, I see 50% at down to 50% in the various proposals. And so, you know, there have been times when they served even lower AMI and that was in times of lower interest rates again. So there's a lot of constraints in the market there. But they're both good models of home ownership. They create opportunities for building equity for homeowners. They have deed restrictions for to ensure that they can go back to other homeowners at an affordable AMI level in the future. And the goal is really to allow those new homeowners to build equity. And then if they choose to move on from that location, get another household into that opportunity. So habitat model is a little bit different than dream keys. So when they, after 15 years, it has to be sold to a homeowner that would qualify. So that 15 year period then start a game. As if. I would really like for warrant health clarify. Thank you. Thank you, Director Houghner and Council Member Rushmar. I certainly understand the questioning. Part of the struggle here is just the makeup of the way that we do these slides, because we try to fit everything into the same format. And when it comes to home ownership programs, it just doesn't work very well. Habitat uses a very innovative model that includes a shared appreciation process, over time their client, their buyer, their member, gets more and more equity of that house. So early in the process, Habitat actually captures most of the equity. And the reason that we can't say whether it's gonna be 15 or 45 years is that the time that the buyer decides to sell the home. Habitat comes back in and doesn't have financial analysis on that property to see if they can take that property back over using the shared appreciation, do the renovations again and resell it. And Council's funds have actually been very helpful in helping them recapture more of their homes over time. So that's why it's very hard to kind of capture this. And all of these models are good, depending on the geography or the situation that you're working with. What I really appreciate about Habitat's thoughtfulness is that it really does a good job of balancing affordability and economic mobility. You don't want these members to not be able to benefit from these properties. And so they have this structure in a very specific way so that the members can benefit and they can still capture these homes. And so the homeowner may sell at 25 and they'll do the analysis and say, this is a great one. We're going to do a resell and then they'll sell it again and put the same position. Or they might decide to pass on that just because it's not economic and feasible. Depending on what has happened in that neighborhood. So providing you a little bit more detail into the model, we'd love to put up there 15 to 45 years, but it's even more confusing than just putting 15 years. So I hope a little bit more explanation is helpful in understanding their model. That is very helpful, Lauren. I like how they have come up with this innovative model, where they're sharing that generational wealth that the homeowner has built, because there is an incentive, right? If you are putting sweat equity in it, you should be able to build a generational equity, but also there is an affordability component to it because we are investing. So it's great to see that. Lastly, I would also agree the point Councilmember Malena made about community engagement, especially for this town home. I just want to make sure that the community is engaged. I had an opportunity to join Councilmember Malina at their Spaghetti Dinner. I wouldn't miss that. That is actually, that is, that's something I miss being at large member because I attended their Spaghetti Dinner almost every year even when I was not invited. So I think because that community is very engaged, we got to make sure they're part of the process. And let me make sure I got all my questions. I know it's a lot of proposals in front of us, but overall I'm just very impressed with the competitive nature of this package, so great work. That's all I have met him in. Thank you, Mr. Graham. Thank you, Madam Mayor. I won't be in press until you stand up there for like 24-25 hours, right I have a whole speech for you. Yeah, yeah. You can go to Congress at that point. I shouldn't have had the water is the thing. So again, let me pay tribute as well to staff and Councilmember Walenton and Mayfield. I remember last summer before the enshion, before we even went to the ballot for the $100 million that they were hard at work during the summer, putting the strategy together in terms of how the money would be divided up by percentages and the accounts that we would attack. I think it demonstrates the best of the council manager relationship, how the council committee work with the management team to really come up with a formula that works. And to come here a year later, having passed the bonds, and now I'm pinning into action, it's a reflection of the work that was done a year and a half ago, right, by the committee and the staff. So that goes without knowledge meant that a lot of work has been done to this. So thank you for your work and presentation of the UN and Shawn and staff and certainly come. Some member may feel in Wellington for their leadership. A couple of questions I don't be putting in for for a while so I won't prolong it. One of the things I was looking at as you went through the slides was just really the city funding as percentage of the source, right? Is there a guideline that you guys try to stay into and reference to the percentage of city money goes into the project and what's those guidelines for me? I'd like to ask Lauren to address that. So in previous rounds you've had cap limits and we've removed those so that the developers can really compete against one another. So we haven't put any caps on those types of percentages, because we want developers to be able to bring very intriguing projects. We also have opened up the Housing Trust Fund in the time that I've been here, where you're seeing all sorts of things come in, including your supportive housing developments, which typically require a much more substantial of your investment to get onto the ground. So what we do now is we look at the cost per door and we also look at that over the year of time proposed as the way that we compare these projects as one factor of our decision making. So while it's not a hard cap on, we'll only put 10% or 20% in, it does act as a way to regulate our govern how the most competitive projects get brought up as a recommendation. Okay. And then secondly, innovation, and I know that you said that we're in the next round, and I'm glad that there is your preserving capacity for future opportunities. I think that makes a lot of sense that we're not spending all the money all at once. So these projects generally will take 18 to 24 months at best to come on the market if everything goes right. Through innovation, is there a way for us to get houses to the market quicker than that? And I go back to the whole tiny homes, container homes, those type of innovative solutions that can get houses on the ground quicker than waiting two years for it to go through its cycle. Yeah, absolutely. I mean, we think about innovation broadly. And the way that you all framed that in your housing policy was bold ideas with potential to scale. So there are ways to make affordable housing faster, and if there are ways to make it less expensive, if there are ways to make it, so it serves more people. Those are all solutions that we're working to explore. Committee had a great conversation last week about innovation and gave us some feedback which included taking a look at some of those opportunities. That could be done with different types of construction. It could be done with different types of construction materials. And so there are a lot of innovations happening all over that we're going to take a look at and bring some additional ideas back to committee. But there's also a lot of great ideas right here in Charlotte. So we have some Warren and his team have been cultivating partnerships with industry and academic partners and really looking for those ways to do more, do it faster and make it more affordable for the residents. What about internally through planning and permitting? I mean, these sort of things we can do internally to kind of give these projects to the market quicker? Yeah, we are always looking for process improvements and opportunities to move the developments through to approvals more quickly. Our staff works very closely closely with planning. They get engaged right from the very beginning. They do reviews of the prop proposals even before they come to you. And so we have been working directly with developers in feedback sessions over the last six months or so planning and a housing staff together have been convening folks. And we hear consistently a couple things, right? Make the permitting faster. So we're exploring some opportunities where we might be able to do that. And then also some additional types of incentives. So we are exploring both of those things. We just haven't brought a solution forward to you quite yet. Okay, I hope that we can explore that and it may be council wallington and as the committee kind of talked further about To market quicker through planning and permitting. I see a lot of notting the hedge from some of the end users over here. Please help me get it. I think that's 18 to 24 months. It's a long time. I get it. It's quick reconstruction. So we can carve some of that time off from the front end to expedite projects that coming through planning for affordable housing, kind of get them to the front of the line, so to say. I think that may be something that we should look at if we can do it legally through a process. And then lastly, and I'll be quiet, two points, to note parking, that is a work, trust me, I got the phone calls from a project in my development, in my district, they still will have cars and they will park the cars on the streets and then they will call their district rep to help solve the problem and I can't write so just as a commercial there. And then lastly Brooklyn Village, I hope we proceed with caution really. I mean it's been like almost a decade that the folks on the 11th floor have been working towards this and we're talking about 13.5 million dollars which is our largest allocation for the trust fund. I would love to see it develop before I leave the earth. I think I got another 40-year-old left, hopefully. Right. I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm... I'm. The Graham stock is good. We got like two or three people in my family with my hundred, right? So I'm just hoping on one of them, right? So I would love to see this happen. I'm not optimistic about the development team just based on 10 years of reading news clips. And so certainly I understand the history and the tradition and the legacy and what they're trying to do over there. Proceed with caution. And instead of us convening, maybe they should be convening and inviting us in to see how we can be a part of this versus us trying to solve their problem that they haven't been able to solve over a decade. Just a careful warning. Thank you. You're here. Mr. Drix. No, I was just agreeing with him. Do you have any comments? Actually, a number. I won't keep everybody. I just wanted to know why there are only three percent, three 9 percent applications. So, we have more of those because the hit rate on those tends to be about 50%. So there are more of them that came forward and so two of them have been proposed for approval. And then I'd have to go back to the summary but I think it's three that we have actually recommended for deferral. And one of the things is historically you have, yes, there's two 9% in the deferralist. Historically you have approved all of the 9% across the board and then taken a wait and see approach with the Housing Finance Agency. But through the housing, the new Housing Funding Policy, you are asking a lot of your development partners and the two on the deferral list are partners that we believe could benefit from additional time to work and refine the proposal. So it doesn't mean that they miss the 9% opportunity entirely. It potentially means that they would have to go in the next round of tax credits, which is a year from now. So if we're cutting ourselves off from potential rich 9% deals, should we go back and reexamine what it what it is is causing a few. I mean I see on this big spreadsheet this one I see three applications only three. And like I say those are rich we want to make sure that we get as much benefit as possible. So anyway, that's just a question. Thank you. Sure. Thank you and Mr. Brown. Well, about time. About time, but you know, with all the respect I know, everybody has a lot to say when it comes to affordable housing. So I did take some notes and retrospect of what everybody else has said. So starting out, I would like to first say thank you to Director Rebecca Hepner and Warren. Where do you go? He knew about it. He actually has to catch a flight. He was... I begged him to stay with me as long as he possibly could. So he just stepped out. That's okay. Fine. And then I also would like to say a huge congratulations to Dr. Watlesson, who was our chair. And Council Member Mayfair, I know when I ran to get you closely. In 2022 you had that out there and to see it come into this agenda, which is just simply amazing. Mr. Heath was one of my favorite people. Thank you for all your hard work. And listen to us diligently and trying to work things out. Home ownership for me is absolutely the key. So I want to shout out Faith Triggs and her team, where I personally went over to see the amazing work that they're doing in my district. I went in my district because my district is important. And so I also, Mr. Driggs, met me over there and we were able to see different models and hear different stories. So anytime we can do home ownership, I'm gonna always be on board for that. Simply because I hear the horror stories about running, it is a waste of money. I know that some people do have to rent, to get to where they need to be, which brings me to my next topic. So, Favetree, thank you and your team. You guys are doing amazing work. Those homes are beautiful and for people to come home to a place that they call their own, I love to see it. So, thank you tremendously and I know, I'm not sure if your superior is here. She's here, she was with you, so I just wanted to let you know, your whole team that your work is not in vain, and I really appreciate all the hard work that you all are doing over there. And my district and I know you're doing it throughout. Rains me to I think that was a proposal in district five that I saw that I really, really like. For me seniors are inedible. We cannot ever leave seniors out but I would have to go back and defer to my colleague, Mr. Graham, when he said parking does not work. These folks are parking anywhere, everywhere, whenever they want to. And so all we're gonna hear is about the tickets that they're getting, the tow companies that are charging these astronomical prices. So I like to see the variety of what we're doing, but I just don't think that will work. And with our seniors, I definitely want to see us cater into them. I know my mom would not ride the bus. She's, you can have the bus stop outside and blow the home four or five times, staying and come out there and get on it. She's just not going to ride the bus. That's another subject for another day. If we can go to slide four though, please, if you don't mind, where we started, slide four is, you know, said the very, very beginning. And it says housing story. And so we're looking at more holistic focus on residential outcomes, economic mobility, neighborhood affordability, residential stability. That's all good. I love to see that. I'm trying to go in order. I think number 19, I am definitely slide 19 which puts Brooklyn Village, multi-family. I got a lot of phone calls about Brooklyn Village. And so it looks like Brooklyn Village has been put on a deferment list and we're saying proceed with caution. On Brooklyn Village, I would like to get more information about the deferment and what we're proceeding with caution about. In that area, historically, like the Bethlehem Center, which is very near and dear not just to me, but to some other people. We didn't know that it didn't sail until I think I was told in December of last year. Across the street from Brook Hell, across the street from Brook Hill, all tied together to the community, the historic site. It's in close proximity where you, the folks in Brooklyn Village, fluent that Bethlehem Center and it was demolished. And so I didn't know about that. I know that you went, that you made a decision in City Council in 2020, but I wasn't here, but I'm here now. And so it's only right that I asked about it and tied into the historic site. So Brooklyn Village is definitely something that I'm sharing for to move forward. A 99 years will serve for generations and generations to come. For me and what I see and what I hear from a lot of people is bright, shiny and new. That is awesome. I love to see nice buildings going up but I also can go to a city like Philadelphia and see historic sites where there's small business owners, roles and roles in roles of them, roles and roles of historic buildings that are still standing. So I'm a number one contender for that in Brooklyn Village. You know, my grandmother, my mom, everybody lived in Brooklyn, it's outside. So I'm definitely gonna fight with them. We say proceed with caution. I just like to know what that means because that's historic. And it's my, it may have been on the table for decades and we may have been talking about it for decades, but we just need to do the right thing by the city and the community, not just this city council, but the council before this council. the council that's going to come out for this council. We just need to make out to this council. We just need to make some real sound decisions and do the right thing for change. And just as a point of clarity, Brooklyn Village is proposed at a site uptown where, historically, the site of the Brooklyn community. This is this is the parcel along Brooklyn and Alexander there where the It's the Bob Walton Plaza that was recently. Yeah, I know about what Okay, all right, and so I want to go down to slide number 26 That's the highway at Kings Park. Which ties into what I just said about Brooklyn Village. You made a clarification. Point of clarification right there. So if I made a mistake, I stand to be corrected. But let's talk about the highway at Kings Park. There is up against another great project. Which I'm happy to see that. But as a district rep, of course, I'm going to be pulling for things that are in my district. You know, I was elected by the people in District 3, 4 reason to represent them, to be the voice to stand courageously. And when something comes up that looks like it's going to be enticing for them to stay in their community, again, history, you know, wiping everything out. I don't want to see that. I do vote on a lot of development projects that are bright, shiny, and new. I would also like to vote on projects that could add history and still value into our community. And then so, with that being said, I really appreciate all of the work that you and the team have done. It speaks volumes of your hard work, your dedication, your commitment. Because again, it's very, very competitive, but you've taken it and you dissect it. And you've brought back some very, very competitive good information to us. But I always would like to say that our history is disappearing in the city. It really is. I welcome all new people. People call me a unicorn when they see me. But at the end of the day, we need to try to hold on to as much history as we can in the city. Everybody is selling everything. Everything is being knocked down and I'm just not with it. That's not something I support. And so thank you so much. Thank you. Okay. I can't hold it because we've got all of this good information out and all of the good feelings that we have. And I think Ms. Brown, as you said, let's just get this done. Let's just do our good work. So that is the end of our program on the housing process. And I want to say thank you and you know please feel free to contact any one of the team members on this because there's a lot of good information. If you need it, they've got it. So let's keep going. So the next thing that we have is our public hearings. The first public hearing do we have any speakers for the public hearings? Madam Clerk. So I'm going to go to the first item is public hearing on the housing and community development fiscal years 2026 2030 consolidated plan of fiscal year 2026 annual action plan as well as a public hearing on section 108 loan guarantee application. Do I have a motion for those two items? Yes, Mr. Drey. So moved. Second. And we have a second. Is there any discussion? Hearing no discussion, all in favor, please raise your hands. Anyone opposed? That passes then. And so our next was a public hearing. We did that when already. We did the public housing post session. So now if Mr. Fox, will you give us the motion? No, you have some more public hearings. We have more public hearings. The public hearing. I did. We have nine. And eight. Nine. Okay. I think I did both of them together. That's what. Okay. Sometimes I can't figure out what I've done myself. So that's okay. All right. So we've done that. So we now need a motion for close. Yeah. Madam Mayor and council need a motion to go in the closed session. I'm going to continue to pursue into the medical and general statute 163, 18118. Yeah, Madam Mayor and Council need a motion to go in the closed session. We're going to do a difficult on general statute 163, I mean 143-1811-83 to consult with the city attorney to preserve the attorney's plan privilege in the matter of of Claim number VACC hyphen 137163. And North Carolina Jones, such a 143-318-11810 to view recordings, release pursuant to North Carolina General Statue 132.1.4A. You have motion and a second. All in favor, please say yes. Yes. And anyone opposed? So at this time, for those of you that have sat through the entire housing discussion and everything else that you want to know about local government, thank you for being here and now you get to go home. I'm going to be a little bit more patient. I'm going to be a little bit more patient. I'm going to be a little bit more patient. I'm going to be a little bit more patient. I'm going to be a little bit more patient. you I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. Oh Oh Oh! Oh, man. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. I'm going to do a little bit of the same thing. Thank you. to you