[00:00:01]
TO PRESIDENT THE MEETING.HERE, THAT'S A YES OR NO VOTE.
UM, THAT'S, SORRY GUYS, I THINK THAT'S 14.
I'M FER BACK TO COUNCILOR SABRINA WHEELER.
UH, BRIEFLY GO OVER THE GROUP, UH, AGREEMENTS, WHICH ARE IN OUR, IN THE PACKET.
UM, ONE WAY, ONE PERSON SPEAKING AT A TIME.
STEP UP, STEP BACK, TRY TO SPEAK MORE IF YOU HAVEN'T OR SPEAK LESS.
UH, AGAIN, STARTED AS MORE IMPORTANT THAN BEING RIGHT AND WE'RE GONNA TRY TO LEAD WITH CURIOSITY AND, UH, RESPECT ALL SORTS OF, UH, KNOWLEDGE LIVED, SORT OF OWN TECHNICAL AND HONOR EACH OTHER'S TIME WHEN YOU'RE SPEAKING BY TRYING TO BE CONCISE.
UH, AND WITH THAT, I WILL PASS IT OVER FORWARD TO START THE GROUP DISCUSSION TO JEN PAR.
UH, SO I'M JUST GONNA BRIEFLY GO OVER, I'LL GO OVER THE AGENDA QUICKLY AND THEN, UM, OVER THE FRAMEWORK FOR THIS MEETING.
ALSO WANNA PUT OUT, WE ARE JOINED IN PERSON TODAY BY CLAUDIA AIKEN AND MARTHA GALVEZ FROM THE HOUSING SOLUTIONS LAB AT THE FURMAN CENTER AT NYU.
UM, SO WE'RE EXCITED TO HAVE THEM HERE LIVE AND IN PERSON WITH US, AND THEY'LL BE FACILITATING A LOT OF THE DISCUSSION.
UH, SO WE'RE GONNA GO THROUGH, WE HAVE THREE MAIN PARTS AND WE'VE GOT A VERY FULL AGENDA.
SO WE'RE GONNA DO OUR BEST TO STAY RIGHT ON TIME WITH EACH OF THOSE.
WE'RE GONNA DO A GROUP DISCUSSION FIRST THAT WE'LL HAVE ABOUT SOCIAL HEALTH AND GOALS AND GAPS.
AND THEN WE'LL HAVE, WE'RE GONNA RECESS THE MEETING TO DO A BREAKOUT DISCUSSION IN THE TABLES THAT YOU'RE SITTING AT.
AND THEN WE WILL RECONVENE THE MEETING AFTER THAT BREAKOUT DISCUSSION.
AND THE GROUPS WILL REPORT OUT, AND THEN WE WILL GO OVER ADDITIONAL RESEARCH THAT WE HAVE IDENTIFIED THAT WE THINK WE NEED TO MOVE FORWARD.
SO IF YOU WANNA SKIP AHEAD TO THE MEETING FRAMEWORK SLIDE.
SO WE THINK THERE ARE TWO ESSENTIAL QUESTIONS THAT WE WANT TO HAVE A LITTLE MORE FOCUS ON BEFORE WE BREAK INTO WORKING GROUPS TO REALLY DIG INTO THE DETAILS.
AND THOSE ARE, WHAT ARE THE GOALS FOR SOCIAL HOUSING IN CAMBRIDGE? WHAT GAPS EXIST IN OUR CURRENT STRATEGY? AND WE STARTED TO TALK ABOUT THIS LAST TIME, WHICH GAPS CAN SOCIAL HOUSING ADDRESS AND HOW, WHICH CAN IT NOT ADDRESS? AND THEN THAT'LL BE THE FOCUS OF THE FIRST PART.
AND THEN THE SECOND PART WILL BE ABOUT WHO SHOULD LIVE IN SOCIAL HOUSING AND HOW MUCH SHOULD THEY PAY? SHOULD THESE PROJECTS BE A HUNDRED PERCENT AFFORDABLE? SHOULD THEY BE MIXED INCOME? WHO SHOULD BE ELIGIBLE? UM, HOW SHOULD RENTS OR SALE PRICES BE SET? UH, AND THAT'S WHAT WE'RE GONNA WORK THROUGH IN SMALL GROUPS.
JUST A QUICK SORT OF REMINDER OF THE CORE ELEMENTS OF SOCIAL HOUSING WE'VE IDENTIFIED.
NOW NOT ALL OF THESE MAYBE NEED TO BE PRESENT IN ORDER FOR SOMETHING TO BE SOCIAL HOUSING AND, YOU KNOW, MAY VARY TO THE DEGREE, UM, THAT THEY'RE PRESENT.
BUT PUBLIC BACKING, AFFORDABILITY, MARKET INSTALLATION, COMMUNITY CONTROL, AND MIXED INCOME.
AND JUST WANNA POINT OUT THAT THE QUESTIONS WE'RE FOCUSING ON TODAY ARE NOT THE ONLY THINGS WE NEED TO DISCUSS OR THE ONLY QUESTIONS THAT ARE OUT THERE.
THIS IS TO HELP FOCUS US AS WE MOVE FORWARD, UM, AND START THE ANALYSIS.
AND I ANTICIPATE WE WILL REVISIT THESE AS WE DO ADDITIONAL ANALYSIS AS WELL.
THESE ARE NOT FINAL DECISIONS, UM, PARTICULARLY AS WE BRING IN THE FINANCIAL ANALYSIS PIECE.
UM, SO JUST SOME OTHER QUESTIONS THAT WE WILL BE DISCUSSING AS WE MOVE FORWARD, PARTICULARLY IN THE WORKING GROUPS, UM, INSTITUTIONAL HOME FOR SOCIAL HOUSING DEVELOPER ACQUISITION VERSUS NEW CONSTRUCTION.
[00:05:01]
SHOULD WE PARTNER WITH PRIVATE DEVELOPERS, FUNDING AND FINANCING AND THE, WHAT RESIDENT CONTROL LOOKS LIKE.SO THIS WILL ALL COME, UH, BUT TODAY WE WANT TO FOCUS ON THOSE TWO SORT OF CORE QUESTIONS.
SO I'M GONNA HAND IT OVER TO CLAUDIA NOW, WHO'S GONNA LEAD US THROUGH THE FIRST PIECE OF THIS.
YOU CAN GO TO THE NEXT SLIDE AND THEN ONE MORE.
WELL, IT'S SO GREAT TO BE HERE IN PERSON.
UM, YEAH, REALLY EXCITED, UH, FOR THIS LIKE GETTING REALLY INTO DISCUSSION TODAY.
AND HOPEFULLY YOU'VE BROUGHT YOUR ALERT AND ACTIVE BRAIN TO THIS AS WE'RE DEFINITELY GONNA BE ASKING A LOT OF IT.
UM, AND THE FIRST FIVE MINUTES, WE'RE ACTUALLY JUST GONNA SPEND QUIETLY IN INDIVIDUAL REFLECTION SO THAT YOU DO HAVE A CHANCE TO LIKE REALLY UNDERSTAND YOUR QUESTION.
YOUR QUESTION WE'RE GONNA BE TALKING ABOUT IN THIS FIRST HALF HOUR AND WHAT YOUR PERSPECTIVE ON THEM IS.
SO IF YOU COULD TAKE THE NEXT FIVE MINUTES, JUST THINK ABOUT WHAT IS ONE GAP IN THE CURRENT SET OF STRATEGIES THAT WE TALKED ABOUT AT THE LAST SESSION.
WHY AND HOW COULD SOCIAL HOUSING ADDRESS THAT GAP? AND WHAT GAPS CAN SOCIAL HOUSING NOT ADDRESS? SO WITH THIS, WE'RE REALLY TRYING TO GET INTO WHAT IS OUR THEORY OF CHANGE WITH A SOCIAL HOUSING PROGRAM.
SO TAKE THE NEXT FIVE MINUTES, UM, AND I'LL CALL IT AT THREE 15.
OH NO, I SAID, I SAID THAT'S MY, UM, I KNOW YOU'RE ALL REALLY CONVERSATION, SO WE'RE GONNA, AND WE PULL IT UP TO A WHOLE DISCUSSION NOW.
MAYBE GO THROUGH THE QUESTIONS.
DOES ANYONE WANNA SUGGEST A GAP THAT THEY PUT DOWN OR THAT THEY HEARD NEIGHBORS? I'M NOT SURE I, GO AHEAD JEAN.
YEAH, IT'S MY OBSESSION IF PEOPLE ARE GONNA FIND THIS OUT THAT THE AMIS REALLY DON'T WORK VERY WELL FOR LOW INCOME PEOPLES AS A, UM, WAY OF SUGGESTING WHAT INCOME IN SOCIAL HOUSING CAN LOOK LIKE THAT, UH, 10 PARTICULAR IN MY BUILDING, PEOPLE ARE WAY BELOW THAN 30 AM ON, WE WERE ACTUALLY PRETTY MUCH ANYWHERE FROM 11 TO MAYBE 20 AND IN TERMS OF INCOME, ANYWHERE FROM $9,000 A YEAR TO MAYBE $20,000.
AND SO THAT'S A VERY DIFFERENT KIND OF INDICATOR THAN AN A I CAN I GET HUDDLE? UH, YEAH.
SO WE HAD THE HOUSING, UM, FOR MIDDLE, MODERATE INCOME.
I THINK WE, MAYBE THE SHORT SUMMARY IS TRULY MIXING ON THE BUILDINGS AND I CAN SAY NO, BUT I ALSO HEARD JUST SUPPLY SUPPLY.
WE ALSO TALKED, WE ALSO TALKED ABOUT FEELING MIXING INCOME, ABOUT HAVING, WE'RE ALSO TALKING ABOUT MODERATE MIDDLE AND SOME OF THE SPECIFIC CHALLENGES THAT FOLKS IN SOME RANGE HAPPENS.
[00:10:01]
TALKED ABOUT SUPPLY.AND ONE OF THE GAPS WE HAVE IS AND PRODUCE ENOUGH HOUSING FOR PEOPLE WHO NEED IT IN THE MANAGEMENT TO, SO, SO IF SOCIAL CAPACITY CAN ADD TO THE PRODUCTION, WELL AN ISSUE AND
YEAH, I THINK WE CAN TO, SO HOUSING PROGRESS THAT THE SYSTEM THAT WE HAVE
IT DOESN'T HAVE TO BE RAISED ATROCIOUSLY, BUT WE ARE PROBABLY THE LOWEST TAX SERVICE.
AND IF YOU BRING THAT UP, IT MAY HELP IN TERMS OF, UH, AFFORDABLE HOUSING OVERLAYING OTHER THINGS THAT COULD COMBINE THE MONEY
PLUS TRUE, UM, SOCIAL HOUSING AND, UH, MAKE MORE EFFICIENT USE OF PUBLIC RESOURCES BY RECYCLING THE PUBLIC INVESTMENT THROUGH DEIFICATION.
YES, IT COULD POTENTIALLY, UM, CROSS-SUBSIDIZE, UM, THE PRODUCT, THE USE OF PUBLIC RESOURCES FOR AFFORDABLE HOUSING WITH MARGARET GREATHOUSE.
I HAD SOME DISCUSSION ABOUT THAT AT THE TABLE ONCE WE GOT
I THINK WE WERE AT OUR TABLE TALKING LOT.
WE THINK THERE ARE, THERE ARE SOME IMPORTANT LIMITS ON HOW MUCH THEY CAN PROCESS THOSE BECAUSE THE NEED FOR OPERATING SUBSIDIES.
SO, WELL, IT'S IMPORTANT TO THINK ABOUT HOW I COULD PROCESS IT.
IT SHOULD SOLELY RELY SUBSIDY, ANY SORT OF ACHIEVE ALL THESE, I THINK WE NEED SOME FINANCIAL MODELING TO TEST OUT THE IDEA OF WHETHER CROSS THOSE LEADS A THING OR NOT, RIGHT? YES.
I I JUST WANTED TO SEC, UH, SECOND THIS TABLE EMOTION.
WE TALKED ABOUT IT A LITTLE BIT HERE TOO.
IT'S VERY HARD TO EVALUATE THIS STUFF WITHOUT SEEING ACTUAL FINANCIAL MODEL.
IT WOULD BE GREAT TO HAVE A MODEL THAT THREW OFF THAT AND SUBSIDIZED LOW INCOME, UM, WITHOUT THE SAME AMOUNT OF, UH, SUBSIDY THAT A LOW INCOME TAX CREDIT DEAL COULD PROVIDE.
BUT I HAVE YET TO SEE THAT MODEL.
IF WE COULD SEE THAT MODEL AND TEST IT WITH, WE WANT 20% LOW INCOME, 30, YOU KNOW, WHATEVER THE, THE GOALS ARE AROUND AFFORDABILITY FOR DIFFERENT GROUPS ROUGHLY, AND YOU COULD SEE WHAT THE TRADE LOSS REALLY ARE.
SO I THINK IT'S, I KNOW THAT WE'RE TRYING TO GET THERE, BUT I THINK IT'S VERY HARD TO MOVE THIS FORWARD WITHOUT
AND JUST AS AN UPDATE, WE WILL HAVE THAT.
SO WE'RE CURRENTLY, UM, REVIEWING PROPOSALS
[00:15:01]
FROM FINANCIAL CONSULTANTS, SO HOPING TO HAVE SOMEONE UNDER CONTRACT RELATIVELY SHORTLY, UH, THAT WILL, AND PART OF THEIR SCOPE IS TO DO THAT MODELING.AND I COULD SHARE SOME OF THE MODELING THAT I'VE DONE.
I'VE ACTUALLY DONE EXACTLY WHAT SUSAN HAS, HAS IS REFERENCED IN TERMS OF LOOKING AT THE AFFORDABILITY AT DIFFERENT LEVELS AND YOU KNOW, AND WHAT THE, YOU KNOW, HOW MUCH WE HAVE, HOW MUCH MODERATE, HOW
ANXIOUS FOR THAT PERSON TO COME BECAUSE IF THEY CAN SOLVE, I DON'T KNOW, THE $1 MILLION QUESTION AT INFLATION NOW I, I'VE YET TO, I MEAN I'VE BEEN LOOKING AT THIS FOR 40 YEARS, FIVE YEARS, YOU KNOW, NOT BEING ABLE TO, TO CRACK NOT WHAT ABOUT ACQUISITION? ACQUISITION IS A TOTALLY DIFFERENT THING.
UM, THAT I THINK CAN PENCIL OUT AND I THINK THAT COULD BE THE, THE PATH OF WHERE SOCIAL HOUSING HAS, IT SHOWS THE MOST PROMISE, BUT ON NEW CONSTRUCTION IT'S VERY, VERY DIFFICULT TO COME CLOSE.
UM, I MORE TO SAY HONESTLY, AND YEAH.
WELL, AND WE'LL CHAT MARGARET.
WE ACTUALLY, WE HAVE, WE'VE ALREADY IDENTIFIED WELL WE COULD FIND AN UPCOMING TO PRESENT ON SOME OF THEIR EXPERIENCE.
SO
VOLUNTEERING THE MEETING AT CITY COUNCIL IN DECEMBER BECAUSE I FELT LIKE WE ALL, WE, WE NEED TO GET REAL WITH THEM NUMBERS BECAUSE YOU KNOW, THERE'S A LOT, LOT OF HOPE AND PROMISE WITH, WITH SOCIAL HOUSING AND I'M ALL THERE TRY TO ACHIEVE IT, BUT IT'S YES.
AND I THINK THAT WOULD ALLOW US TO GRAPPLE WITH THIS WHOLE THING ABOUT HOW DO YOU SET RENTS AND WHAT DOES THAT MEAN TO HAVE A COST BASE REP MEAN WE'RE LOOKING IN THE HOUSE OF AUTHORITIES DOING IT.
SO SHE'S NOW WE'RE LOOKING AT TURNING NUMBER UNITS OVER A PERIOD OF TIME MIGHT UNITS, SO IT'S NOT HIGH IN DISCUSS STUFF, BUT IT'S MORE LIKE WHAT DO, WHAT DO PEOPLE THINK THE RIGHT EXISTS? AND CAN YOU DO IT WITH A COST BASE, GIVEN COST BASIS AROUND MILLION DOLLARS IN THAT? YEAH.
AND OUR, SO OUR 10 HERE TODAY, WE UNDERSTAND IT'S HARD TO ANSWER SOME OF THESE QUESTIONS WITHOUT HARD NUMBERS IS FROM A MORE IDEALISTIC LEVEL, WHAT WOULD WE HOPE TO DO? UM, AND THEN WE'LL REALLY GET INTO THE HARD NUMBERS AND THAT WILL INVOLVE COMING BACK AND REVISITING THESE QUESTIONS.
ALSO STILL BRING YOUR PRAGMATIC BRAIN AND THINK ABOUT THE PROS AND CONS.
BUT WE WANNA WALK AWAY WITH, YOU KNOW, WHAT ARE REMODELS THAT WE REALLY WANT BY MYSELF TO START
OTHER, I TOTALLY AGREE WITH LEVERAGING ACQUISITION AND ALL THE
I THINK THERE IS AN OPPORTUNITY IF WE'RE THINKING ABOUT SOMETHING NOVEL TO IMAGINE PUTTING NOVEL WITHIN GOVERNANCE TO, UM, I THINK IT'S HARDER IMPORTANT TO EXISTING EXISTING PROGRAM, BUT WE'RE THINKING SOMETHING NEW.
WE CAN THINK OF SOMETHING NEW, NEW THAT I HAND OVER HERE JUST TO ADD TO THE FINANCING CONVERSATION THERE SOME THINGS THAT WE SHOULD LOOK AT DOWN THE ROAD.
THINK I SAY HOUSING CAN POTENTIALLY ADD AFFORDABILITY WITHOUT TAX CREDITS.
UM, AND I THINK WE SHOULD ESPECIALLY CONSIDER MODELS THAT DON'T RELY ON TAX CREDITS.
I'M RUNNING OUT OF ROOM SO MAYBE I'LL ONE MORE.
I DON'T THINK YOU'RE THE, I THINK ONE OF THE KEY THINGS IS YOUR REGIONAL, WE'RE IN A REGIONAL HOUSING MARKET AND CAMBRIDGE, CAMBRIDGE IS JUST A PART OF IT AND YOU'RE NEVER GONNA SOLVE THAT.
AND I THINK THE OTHER THING THAT'S VERY TRICKY TOO IS FOR MOST OF THE COUNTRY EQUITY BUILDING IS DONE THROUGH THEIR HOUSING AND YOU'RE NOT GONNA BE ABLE TO FIND A WAY TO, YOU'RE UNLIKELY TO FIND A WAY TO ALLOW PEOPLE TO DO THAT.
YOU ANYONE WANNA RESPOND TO THAT OR ADD SOMETHING NEW? I WAS GONNA ADD SOMETHING NEW.
THAT I WAS GONNA ADD DEEPLY AFFORDABLE HOUSING.
IS THAT JUST DIFFICULT GETTING RENEWABLE SUBSIDY? IT'S NEEDED, YOU KNOW, AGAIN, THE NUMBERS QUESTION YOU CAN LOOK AT.
TOMORROW'S POINT IS CODEFENDANT, IT'S REALLY HARD TO GET AFFORDABILITY JUST TO QUICKLY
[00:20:01]
RESPOND TO THE STATE PERSPECTIVE ON THE EFFECT ECONOMIC CONTEXT.ONE, SOCIAL HOUSING CAN PROVIDE A PROOF OF CONCEPT THAT'S HARMFUL.
SO I THINK EVEN IF WE CAN'T SOLVE ENTIRELY IN CAMBRIDGE, AND I THINK THERE'S A LOT OF PERSPECTIVE THAT I'VE HEARD AT THE STATE LEVEL THAT, OH, CAMBRIDGE CAN'T FIGURE THIS OUT.
IT'S GONNA BE HARD AMOUNT OF MONEY, YOU KNOW.
OKAY, LET'S TRY AND HAVE ONE CONVERSATION.
AND THE COST ARE, DID SOMEONE WANT TO NO, THIS IS NOT REALLY LIKE A CAN.
IT'S MORE A LITTLE RELATED IN THAT LIKE, I THINK SOCIALIZING CAN BE CONFUSING TO RESIDENTS AND SO THEY THINK THERE WILL HAVE TO BE SOME VA EDUCATION ABOUT, IF YOU KNOW AT ALL.
I THINK WE SHOULD JUST OUR TABLE JUST TALKING ABOUT THAT AT WORK.
ANYTHING ELSE? YES, I MEAN SPEAK UP.
I THINK THIS SLATES REALLY GOOD GROUNDWORK FOR US TO KICK OFF OUR BREAKOUT THROUGH DISCUSSION.
SO CAN YOU GO TO THE NEXT, LIKE TWO SLIDES? NEXT ONE.
OKAY, SO WE'RE GONNA GET INTO BREAKOUT GROUPS.
I'LL LET CLAUDIA EXPLAIN IT FIRST.
AND THEN WE WILL ASK FOR A MOTION TO RECESS.
AND WE'LL RECESS FOR ABOUT 30 MINUTES WHILE WE HAVE THE BREAKOUT CONVERSATION.
SO YOU ARE ALREADY KIND OF SEATED WITH YOUR BREAKOUT GROUP AND YOU HAVE A FACILITATOR WHO'S GOING TO BE TRYING TO KEEP YOU MOVING ALONG.
THERE'S A LOT TO COVER, BUT ALSO TAKING NOTES SO WE HAVE A GOOD RECORD OF YOUR CONVERSATIONS.
UM, YOU'LL ALSO WANT TO IDENTIFY A SPOKESPERSON BECAUSE THAT PERSON WILL BE PRESENTING TO THE GROUP THE TWO TO THREE MODELS OPTIONS WE WANNA MOVE WITH GOING FORWARD.
UM, AND THEN WHAT WE'LL DO IS WE WILL KIND OF WORK TO CONSOLIDATE THOSE OPTIONS.
WE'LL PUT THEM UP ON THE WALL ON THESE STICK BOOK CHARTS AND YOU'LL HAVE A CHANCE, YOU'LL HAVE THREE VOTES.
UM, THOSE ARE THE COLORS DOTS, UM, SO THAT WE HAVE YOUR TAKE ON WHICH OPPOSITE OPTIONS SHOULD CONTINUE TO EXPLORE GOING FORWARD.
SO EACH TABLE HAS A BREAKOUT WORKSHEET THAT YOU'LL BE WORKING THROUGH OVER THE NEXT 30, 35 MINUTES.
UM, AFTER THAT WE'LL TAKE A SHORT BREAK WHILE WE TRY TO, WELL ACTUALLY THEN WE'LL REPORT OUT, TAKE A SHORT BREAK.
UM, AND THEN WE'LL, SO HOPEFULLY THAT'S CLEAR FACILITATORS, IF YOU HAVE ANY QUESTIONS ABOUT HOW TO
AND WE HAD A MOTION TO RECESS FOR MAYOR SIDIKI.
WE HAVE A SECOND, SECOND, SECOND.
UM, IF YOU WANNA GO TO THE NEXT SLIDE AND HERE WHOEVER'S ONLINE
[00:30:44]
NEXT[00:30:45]
OR THAT MIGHT BE TOO FAR.UH, MEETING OF THE SOCIAL HOUSING TASK FORCE IS BACK IN SESSIONS AND GOING TO HAND IT OFF TO CLAUDIA FOR OUR, THE FACILITATE OUR REPORT UP.
SO WHAT I'M GONNA ASK FOR NOW FROM EACH TABLE IS YOUR OPTIONS THAT YOU REALLY WANT US TO MOVE FORWARD AND BE CONSIDERING AS WE KNOW MERGE FROM THIS MEETING.
SO WHAT DO YOU THINK ARE THE TWO OR THREE THINGS WE SHOULD BE MOVING FORWARD IN TERMS OF WHO SHOULD LIVE IN SOCIAL HOUSING, TWO OR THREE THINGS IN TERMS OF HOW THEY SHOULD PAY? AND YOU HAVE THREE MINUTES TO GROUP.
WE'RE GONNA START WITH THIS GROUP.
I WOULD SAY THAT WE WOULD AGREE THAT THERE ISN'T ONE ANSWER.
SO, UM, YOU KNOW, IN, IN TERMS OF THE KIND OF ELIGIBILITY, I, YOU KNOW, WE TALKED ABOUT WHETHER OR NOT WE SHOULD BE RESIDENTIAL ELIGIBILITY AND, AND WE STRUGGLED WITH THE QUESTION OF HOW TO FIND THAT AS INCLUDED PEOPLE WHO USED TO LIVE HERE OR WANTED TO GET BACK IN.
UM, AND SO WE HAD SOME, SOME, UM, WHAT'S THE WORD? SOME, UH, FITTING FOR THE IDEA OF IT, BUT WE WEREN'T NOT SURE HOW IT WORKED IN THAT.
UM, WE, WE GENERALLY THOUGHT THAT INCOME ELIGIBILITY KIND OF BROADLY RICK, UM, WOULD, WOULD WORK TO KIND OF ALSO CAPTURE THE EMPLOYMENT SEGMENT.
SO IN OTHER WORDS, IF YOU HAD DIFFERENT INCOME TIERS, THEY WOULD, THEY WOULD MAP ONTO DIFFERENT, WE WERE LESS INCLINED TO ADOPT, UH, SOME, UH, EMPLOYMENT STATUS, EMPLOYMENT SECTOR AS, UM, AND MORE INCOME TIERS.
UM, I THINK WE GENERALLY LIKED THE IDEA OF A LOTTERY, UM, OF SOME KIND, UM, PERHAPS MAYBE WITH SOME WEIGHTS IN THE LOTTERY TO, TO ACCOMMO THINGS LIKE THIS PLACEMENT FOR RESIDENCY OR THE LIKE.
UM, I THINK MIKE MADE A, YOU KNOW, A COMMENT ABOUT TRYING TO RESPOND TO THE, THE CONTEXT OF, YOU KNOW, PEOPLE WERE TRYING TO STAY IN CAMBRIDGE.
PEOPLE ARE FACING VERY LONG WAITING LINES AND PUT THE IDEA THAT THIS OUGHT TO SOMEHOW ADDRESS THOSE CONCERNS.
AND SO I DON'T KNOW WHAT MY, AND MIKE, MIKE IS, IS AGNOSTIC ON APPROACHES, BUT I THINK THAT THE ULTIMATE GOAL OF TRYING TO SAY WE'RE EXPANDING OPPORTUNITIES FOR PEOPLE TO STAY IN CAMBRIDGE OTHERWISE WOULDN'T, MAYBE A LOTTERY WOULD BE A WAY AROUND THAT, BUT, UH, BUT UM, BUT DEFINITELY I THINK THE ANSWER IS IT OUGHT TO BE WHEN YOU STAND UP THERE AND STOP AND TELL PEOPLE WHAT YOU'RE DOING THAT PEOPLE WHO GAVE TRUCK AND SEE THEMSELVES IN THIS, THE SOLUTION THAT FAIR? YEAH, I THINK SO.
YOU KNOW, WE HEAR ABOUT, UM, PEOPLE WHO GREW UP IN THE CITY WHO I DON'T FEEL LIKE THEY HAVE A FUTURE HERE, PEOPLE WHO'VE BEEN DISPLACED, PEOPLE WHO WORK HERE.
SO I'M DEFINITELY OPEN TO WAYS TO ADDRESSING THOSE CONCERNS, ESPECIALLY SINCE WE'LL HAVE TO, YOU KNOW, SELL THIS TO THE PUBLIC, SO TO SPEAK, AS A WORTHWHILE PROJECT.
I WOULD SAY THAT THERE'S ONE SPECIAL CATEGORY OF ELIGIBILITY, ONE SPECIAL CATEGORY OF PERSON THAT CAME UP WITH STUDENTS.
AND I THINK THAT IN THE CAMBRIDGE CONTEXT, UM, THERE WAS PRETTY STRONG AGREEMENT THAT STUDENTS, BECAUSE THEY'RE MORE SHORT TERM, TEND TO HAVE MORE RESOURCES BEHIND NOT ALL OF SOME, UM, UH, MARKET POINTED OUT THAT IT'S LIKE THE LIE TECH PROGRAM FULL TIME STUDENTS ARE NOT ELIGIBLE.
UM, I THINK THERE WAS A STRONG CONSENSUS THAT MIT AND AND AND HARVARD AND LESLIE NEED TO STEP UP, UH,
BUT I THINK THERE'S, THERE'S DEFINITELY THE SYSTEMATICALLY SENSITIVE TO, UM, PROBABLY EXCLUDING STUDENTS, OTHERWISE IT'D BE OVERWHELMED BY THEM.
UM, DID I MISS ANYTHING IN TERMS OF THE KIND ELIGIBILITY? UM, NOW IN TERMS OF RENT SETTING, UM, THERE WAS A GENERAL INION TO LIKE COST BASED RENTS.
PERHAPS MARGARET REALLY LIKED FLAT RENTS, BUT SORT OF A, A COST BASED, UH, ELEMENT, MEANING LIKE YOU SET A RENT BASED ON AN INCOME ELIGIBILITY TARGET AND THEN, THEN MAYBE IF, UH, PEOPLE CAN PAY MORE,
[00:35:01]
THEY CHARGE MORE UP TO COST.UM, THERE WASN'T A LOT, THERE WASN'T A STRONG PUSH FOR INCOME BASED RENTS.
AGAIN, PEOPLE WEREN'T NECESSARILY OPPOSED TO IT, BUT I THINK THAT IN THE SOCIAL HOUSING CONTEST, THINKING MORE ABOUT COST BASE RENTS OR FLAT RENTS, UM, BUT CONCERNS EXPRESSED ABOUT LOWER INCOME HOUSEHOLDS AND WHETHER OR NOT THEY COULD AFFORD IT, WHICH GOT US INTO CONVERSATIONS ABOUT CROSS SUBSIDIES AND HOW THAT MIGHT WORK AND LET'S SAY A COST BASE SYSTEM.
AND WE, WE DON'T HAVE ENOUGH TIME.
WE'RE SMART ENOUGH TO FIGURE OUT HOW TO SOLVE THAT, BUT THAT'S OKAY.
WE'RE NOT SOLVING THINGS TODAY.
BUT I THINK NEXT TIME TOWARDS, UH, BASICALLY SOME SORT OF A COST BASED SYSTEM THAT MAYBE, MAYBE SOME HYBRIDIZATION IN ORDER TO ALLOW FOR CROSS SUBSTANCE.
DOES THAT SEEM FAIR? THAT'S SO NO OBJECTIONS FROM MY GROUP.
UH, UH, ON THE ELIGIBILITY SIDE, I THINK WE TALKED ABOUT, UH, AS WE'RE PRIORITIZING CAMBRIDGE RESIDENTS, UH, YOU KNOW, DUNNO IF IT'S ELIGIBILITY OR NOT, BUT ALL RENTALS WAS GENERALLY WE'RE LOOKING FOR RATHER THAN, UH, HOME OWNERSHIP.
WE WERE TALKING ABOUT RENTAL MODELS.
AND THEN IN TERMS OF RET SETTING, WE TALKED ABOUT THREE BROAD APPROACHES.
AND I THINK WITH EACH ONE WE ENDED UP SAYING, OH, WELL YOU NEED TO HAVE A MIX.
YOU DON'T ACTUALLY WANT HIGHER.
BUT I'LL SAY FOR THESE THREE BROAD ONES, WE HAD ONE THAT WAS ALL AFFORDABLE FROM DEEPLY AFFORDABLE UP TO 120% OR 140% A MI HAD ONE THAT WAS A MIX OF 30 TO 40% AFFORDABLE.
WITH THE REST BEING CLOSER TO MARKET RATE, WE WENT BACK AND FORTH ON WHAT MARKET RATE WENT AND DO YOU ACTUALLY WANNA ALLOW MILLIONAIRES TO, YOU KNOW, HAVE THE MARKET RATE OR SHOULD THERE BE SOME HIGH CAP ON THE OTHER THING, SHOULD THE CAP BE, WHAT'S THE SALARY OF TWO TEACHERS OR TWO SOCIAL WORKERS? LIKE WHAT IS THAT HIGHER END? AND I THINK THAT IS A REALLY GOOD QUESTION.
WE DIDN'T LAND THAT, BUT THAT MIX OF AFFORDABLE AND AND CLOSER TO MARKET RATE.
AND THEN THE THIRD ONE WAS, UH, TALKING ABOUT READING THOSE, THOSE FIRST TWO REALLY BASING IT AROUND INCOME LEVELS AND WHAT'S THE, THE MIX OF AFFORDABILITY.
THE THIRD APPROACH BEING FOCUSED ON COST BASED RENT.
AND YOU COULD HAVE, YOU KNOW, THE LOWER END BEING COST BASED RENT MINUS 50% OR HAVE SOME OF AFFORDABILITY.
AND THEN THE HIGHER BEING COST BASED RENT OR COST BASED RENT, PLUS 30% PLUS 40%.
BUT ONE APPROACH THAT WAS MORE FOCUSED ON COST BASED RENT.
AND I I JUST WANNA ADD, HAVE YOU TALKED ABOUT MAKING SURE THAT THERE WERE A VARIETY OF TYPES OF UNITS IN BUILDINGS THAT THAT COULD ACCOMMODATE FAMILIES COULD ACCOMMODATE, UM, SENIORS THAT THERE COULD BE SOME MOBILITY IN THE BUILDINGS AS HOUSEHOLD SIZE CHANGES AND SOME NEEDS OF THEM? ALL RIGHT.
SO A LOT OF OVERLAP, BUT I'LL JUST SAY SORT OF AS A BASELINE, I THINK WE AGREED ACROSS THE BOARD THAT WE, WE WERE TALKING ABOUT MIXED INCOME MULTIFAMILY RENTALS, SO WE EXCLUDED OWNERSHIP AND NON MIXED INCOME APPROACHES WHEN WE WERE TALKING ABOUT WHO SHOULD LIVE THERE IN ELIGIBILITY.
UM, AND WHAT MAKES THINGS INCOME MEANT.
WE THOUGHT ABOUT SOME OF THE THINGS THAT WE'RE TALKING ABOUT HERE WITH INCOME TIERS.
ONE WAY WE THOUGHT ABOUT THIS WAS SORT OF A LOWER MIDDLE MARKET, SO 50%, 100% END MARKET.
UM, WELL WHEN WE TALKED ABOUT THIS WAS SORT OF A VOUCHER TIER, SOME, SOME AFFORDABLE 50 TO 80% TIER AND A MARKET TIER, UM, WHERE THE VOUCHERS WERE SORT OF MAYBE UNDERWRITTEN AS MARKET, BUT AS MANY VOUCHERS AS YOU AS THE BUILDING WAS ABLE TO GET.
UM, AND UM, UH, AND THEN WITH RESIDENCY PREFERENCE, I THINK THERE WAS A VARIETY OF OPINIONS, BUT I THINK MOST OF THOSE EXPRESSED THAT THERE WAS A RESIDENCY, WE THOUGHT IT SHOULD BE A RESIDENCY AND EMPLOYEE PREFERENCE, UM, AND HAVE SOME SORT OF NESS FOR PEOPLE THAT HAVE LIVED HERE, UM, OR FORCED OUT PLACED, UM, OR MANUAL WORK HERE BUT ARE NOT ABLE TO LIVE HERE.
UM, AS FAR AS, UH, WHAT SHOULD THEY PAY, I THINK THE TOP OPTION WE TALKED ABOUT THE MOST WAS FLAT RENTS.
WHERE FOR THE MARKET HERE, UM, THAT FLAT RENT IS SOMEHOW SET AT A, NOT NECESSARILY LIKE THE TOP, TOP MARKET RATE, BUT FOR A MARKET RENT THAT IS, UM, ABLE TO ATTRACT APPLICANTS SO, UH, SO DEFINED, UM, WITH INCREASES THAT ARE NOT NECESSARILY LIKE PRE-SPECIFIED WITH A CONSTRAINT BUT ARE MAYBE BUDGET BASED INCREASES OR SOME SORT OF REPUTATION THAT, UM, IS REASONABLE AND PREDICTABLE.
UM, AND THEN FOR THE INCOME BASED, I THINK WE ALSO THOUGHT OF THEM AS A, UH, POSSIBLY A FLAT RENT THAT IS SET AT INITIAL LEASE RESET AND AGAIN, AS A PREDICTABLE RENT INCREASE, BUT IT'S NOT NECESSARILY INCOME BASED.
BUT WE DID HAVE THE OTHER OPTION THAT BE DISCUSSED LESS OF
[00:40:01]
INCOME BASED, UM, OF AN INCOME BASED RENT OVER TIME.UM, AND I THINK JUST A COUPLE OF ADDITIONAL THINGS ABOUT WHAT THE PAY THAT WE DID DISCUSS.
ONE IS WE TALKED ABOUT, UM, THAT THE UNIT WOULD NOT BE NEED RESTRICTED IN SORT OF ORIGINAL SENSE, BUT UM, THE SUBSIDY WOULD SORT OF BE FLOATING.
SO LIKE IT WOULDN'T NECESSARILY BE LIKE AT THIS UNIT NEEDS TO BE IS BEING IN RESTRICTING UNIT OVER TIME FOR ALL TIME, BUT YOU KNOW, AS NEEDED TO THE, THE SUBSIDY THAT FLOAT ACROSS THE BUILDINGS.
UM, AND ALSO THAT IF THE PERFORMANCE OF THE BUILDING, IT'S GOOD THAT UNITS THAT THEY TURN OVER COULD BECOME AFFORDABLE.
UM, AND SO THIS SORT OF PLAYS INTO BOTH CATEGORY ELIGIBILITY.
SO WE DO THINGS LIKE, WE THOUGHT OF SOME OF THOSE THINGS AS WELL.
OUR MAIN THING IS THAT WHEN OUR RESIDENTS ARE SCREENED AND RESIDENT SCREENING AND BUY-IN THE GOVERNMENT IS THE SOCIAL HOUSING MODEL, THEY HAVE TO BUY INTO THAT BOTTOM, UM, PREFERENCE FOR CAMBRIDGE RESIDENTS, NON-STUDENTS, UM, AND ALSO PAYING ATTENTION TO, UM, RESIDENT INCOME.
THE HIGHER INCOME, UH, RESIDENTS ARE, WOULD NOT NECESSARILY QUALIFY FOR THIS BECAUSE WE ARE TRYING TO MAKE SPACE FOR MEDIUM AND MIDDLE INCOME PEOPLE.
UM, AND PREFERENCE FOR MIXED, UH, INCOME DEVELOPMENTS OR UNITS.
WHO SHOULD PAY? WHO SHOULD THEY PAY? WE, WE LOOKED INTO, IF I GET IT WRONG, HELP ME PAID BY INCOME.
WE ARE THINKING ABOUT SOMETHING LIKE 30%.
EVERYBODY ACROSS THE BOARD PAYS 30% AT RENT UP.
UM, AND THAT MEANS, AND AND WE HAVE DIFFERENT, UH, NUMBERS OF PEOPLE IN DIFFERENT CATEGORIES.
SO YOU'VE GOT, UM, LOWER INCOME, YOU HAVE YOUR MIDDLE TO MEDIUM AND YOU CAN HAVE YOUR HIGH INCOME.
UH, ALL, ALL THREE WOULD BE PAYING 30% AND THEY HAVE TO
SO THEY'D BE PAYING A LITTLE BIT MORE IF THEY'RE MAKING, UM, SOME PEOPLE TALKED ABOUT VOL, VOLUNTEER REQUIREMENTS FOR THAT IN TERMS OF ELIGIBILITY FOR THE, I DON'T KNOW WHY THAT
UM,
I DON'T, I'M, I'M NOT SURE ABOUT THAT, BUT I, THAT WAS A VERY LIVELY DISCUSSION.
I I'M VERY INTRIGUED BY THESE THINGS THAT, THAT PEOPLE ARE DOING NOW.
UM,
KNOWING THAT THAT MODEL DOESN'T EXIST YET.
RIGHT? SO WHAT COULD THOSE SIGNALS BE THAT WHETHER IT'S SOME SORT OF REQUIREMENT OR SOME SORT OF COMMUNITY SERVICE, UM, THROUGH THE, YOU KNOW, LOOKING INTO THE SORT OF, AND ALSO A TRAINING COURT, YOU KNOW, TRAIN, IF YOU'RE GONNA BE, UM, ON LIEUTENANT GOVERNOR COUNCIL, YOU HAVE TO BE TRAINED.
IT'S NOT JUST EVERYBODY ALL TO WHILE BUT FREE COME MEET.
WE WON'T TALK ABOUT ANY OTHER OPTIONS OUT THERE.
YEAH, WE TALKED ABOUT OTHER OPTIONS.
I THINK THIS WAS WHERE WE'VE LANDED.
ANYTHING ELSE? OKAY, TAKE US EITHER GET SOME WATER
[00:45:26]
PER SE THAT YOU CAN VOTE ON.AND I THINK A LOT OF THESE THINGS THAT WE CAME UP WITH ARE KIND OF MIX AND MATCH.
SO YOU SHOULD EACH HAVE THREE DOTS.
I WOULD JUST ASK YOU TO PUT YOUR DOTS NEXT TO THE THINGS WE'VE IDENTIFIED THAT YOU FEEL STRONGEST ABOUT THAT YOU REALLY THINK SHOULD MOVE FORWARD.
KNOWING THAT WE'RE PROBABLY NOT GONNA LIKE TOTALLY DROP ANY OF THESE THINGS AT THE COLOR.
AND THE COLORS DON'T MEAN ANYTHING.
IF I WANTED RING, DO DOES THAT MEAN I LIKE THIS A LOT?
IT IS NOT PEOPLE THAT DON'T KNOW.
OH, THAT
I AROUND NOW WE'RE GONNA BE ON THE, WHICH IS, I'M JUST LOOKING.
IF EVERYONE CAN COME BACK TO THEIR SEAT.
[00:50:14]
WE STARTED.ALL RIGHT EVERYONE, WE JUST HAVE A COUPLE MINUTES LEFT, SO WE'RE JUST GONNA GET WRAPPED UP SO WE GET YOU OUT IN HERE AT FIVE.
UM, AND FOR THOSE THAT I HAVEN'T MET, MY NAME'S MARK.
I'M THE EXECUTIVE DIRECTOR OF LAB.
SO I GET TO GO TO AND I TEAM HERE WHERE LEARN HOW THIS PROCESS IS GOING.
UM, WE'VE GOT A BIG HAPPENING THIS YEAR WITH
SO WE'RE REALLY HERE TO CONTRIBUTE TO YOUR EFFORT AND ALSO SEE WHAT WE CAN LEARN FROM AND WHAT YOU'RE DOING.
SO, UH, WE'RE A LITTLE BIT OVER BEHIND TIME, SO I DON'T, WE DON'T HAVE A LOT OF TIME TO GET INTO IT, BUT IF YOU READ THE SMALL PRINTS ON THE BREAKOUT QUESTIONS, THERE WAS A LINE SAYING, WHAT MORE DO YOU NEED TO KNOW TO ANSWER THESE QUESTIONS? WE JUMP AHEAD ACROSS SLIDE.
OH
UH, WHAT ARE THE QUESTIONS THAT ARE REALLY FRONT OF MIND FOR YOU ALL FOR THOSE PROCESS? AND YOU KNOW, WE DON'T HAVE A LOT OF TIME TO TALK ABOUT IT NOW, BUT THEN WE CAN GET STARTED AND THEN WE CAN SEND OUT SOME PROMPTS AFTER THIS CALL THAT YOU ALL CAN RESPOND TO, UH, BY, BY
UM, IF YOU DON'T HAVE SENSE THAT YOU SEE IT.
SO THINKING ABOUT, AND I THINK RESEARCH AGENDA IS SORT OF BROADLY LIKE WHAT IS IT FOR THIS ABSENCE THAT WOULD BE USEFUL TO INFORM YOUR THINKING? AND THEN FOR US AS WELL, WE'RE REALLY THINKING ABOUT WHAT EVIDENCE ON THIS AND AND HOW COULD THAT INFORM FEEL.
I THINK THE MOST IMPORTANT THINGS TO GET DOWN TO WHAT WE TALKED ABOUT EARLIER, JUST IF YOU'RE LOOKING EXAMPLES AND BRINGING THEM IN MONTGOMERY COUNTY EVEN ALL THE TIME AND WE SEE A PERFORMANCE AND WE SEE HOW IT REALLY WORKS THERE.
SUBSIDIES, CODING, ILLNESS, THE DEBT COMES, IT'S THEIR DEBT.
UH, THEY SET GRANTS, YOU KNOW, I THINK THE MORE SPECIFIC WE CAN GET IN LOOKING AT THE NUMBERS AND HOW IT'S BEEN FINANCED IN OTHER PLACES WOULD BE VERY HELPFUL FOR US MOVING FORWARD TO THINKING ABOUT IS THAT FEASIBLE.
I THINK THE OTHER THING THAT GETS BATING AROUND THE LOT IS THE QUESTION OF WHAT HAPPENS
AND I THINK IT'S ONE THING TO TALK ABOUT IT HERE, BUT IT'S ANOTHER THING TO REALLY GRAPPLE WITH WHAT ARE THE ISSUES THAT COME UP, UH, IN THOSE SITUATIONS AND WHERE WE SEEN IN SOCIAL HOUSING IN THE UNITED STATES, UM, THE DIFFERENT RANGES OF HOW TENANT INVOLVEMENT IN GOVERNANCE.
DOES THAT MEAN PRIVATE FINANCES HAVE PARTICIPATED IN THAT AT SOME LEVEL? WHAT'S THE GREAT POINT THERE? SO I THINK FOR ALL, FOR, I MEAN IT LEAST AT THIS TABLE, I THINK, YOU KNOW, THESE GREAT TO SORT OF THINK ABOUT ALL THESE THINGS AND GET 'EM ON THE TABLE, BUT NOW HOW, HOW HAVE OTHER PEOPLE DONE IT AND HOW REALISTIC THIS IS IN THIS CON YEAH, I, I TOTALLY AGREE.
YOU KNOW, THAT MAY ADD, I ESPECIALLY AGREE WERE THE SECOND POINT AROUND GOVERNANCE.
I THINK THERE WAS, JUST WANNA SAY IT, IT WOULD BEEN ADDITIONAL EVIDENCE AROUND DIFFERENT LAYERS OF GOVERNANCE.
I'LL JUST SORT OF SPECIFY A FEW THAT I THINK MAY BE WORTH LOOKING INTO MORE.
UM, ONE IS, UM, WHAT DO TENANTS HAVE DECISION MAKING OR CONSULTOR CONSULT CONSULTATORY POWER AND, UM, WHAT, WHAT, WHAT MODELS ARE IT GETS FOR THAT, UM, AT, FOR WHAT DOES TENANT GOVERNANCE LOOK LIKE AT DIFFERENT LEVELS? SO LIKE IF INDIVIDUAL BUILDING LEVEL COULD BE AT THE OVERALL MANAGEMENT OR PORTFOLIO BE AT THE AGENCY LEVEL, WHAT DO THOSE THINGS LOOK LIKE? HAVING DIFFERENT EXAMPLES AND THEN, UM, HOW DO TENANTS, HOW, HOW, YOU KNOW, HOW DOES THAT, THE REPRESENTATION IN THE GOVERNMENT, WHATEVER, WHATEVER THE DECISION MAKING IS THAT THEY HAVE POWER OVER.
HOW DOES REPRESENTATION WORK? HOW DO ELECTIONS WORK? HOW TIMES GET COUNCILS GET FORMED? HOW DO, HOW ARE THEY SUPPORTED WITH ORGANIZING? HOW ARE THEY TRAINED? UM, SORT OF QUESTIONS AROUND BASICALLY HOW, HOW, HOW DO WE SUPPORT ORGANIZING OF TENANTS TO SUPPORT THAT GOVERNMENT.
[00:55:04]
ANYONE ELSE? OTHER GOVERNMENTS, OTHER, OTHER QUESTIONS? I MEAN NOW WE JUST ECHO THE SENTIMENT OF LIKE, THERE HAVE BEEN MODELS THAT HAVE BEEN EMPLOYED, WHETHER IT'S ON LOCAL, THE PROPERTY OVER BY MASS THAT WAS MIXING, UM, EFFECTIVE ABOUT, UM, SOME, YOU KNOW, SEXUAL EMOTIONAL STATE THAT PROPERTY, WHETHER IT'S MUTUAL, WELL LARGE, WHAT'S HAPPENING WITH SEATTLE AND WHETHER THEY DOING IN TERMS OF, UM, ELIGIBILITY AND RENT SETTING.AND YOU KNOW, AND IT ALSO SPEAKS TO THE GOVERNANCE ISSUE, WHETHER IS HAPPENING AT THE PROPERTY LEVEL OR, OR, UM, OR WE WORK ACROSS THE PORTFOLIO.
UM, BUT I THINK THERE'S A, THERE'S A PIECE THAT'S MISSING HERE IS KIND OF THE, SOME OF THE TORICAL KNOWLEDGE.
YOU KNOW, WE TALKED ABOUT IT, UH, AT THE INITIAL MOVING OF NOT VERY BROADWAY, BUT NOW IT'S LIKE GETTING INTO THE SUBSTANCE OF, OF HOW THAT WORKS.
YOU KNOW, HEARING CHRIS TALK ABOUT THE FINANCING OF HOW AUSTRIA PUT TOGETHER THEIR, THEIR, YOU KNOW, THEIR KIND OF LAYER TAKE OF FUNDING WAS REALLY HELPFUL.
UM, YOU KNOW, MONTGOMERY COUNTY IS ALWAYS ME MENTIONED IT'S REALLY, IT, IT IS JUST A FINANCING TOOL.
IT'S NOT SOCIAL HOUSING AND IT JUST GETS BRANDED THAT WAY.
AND, AND THAT MAY, YOU KNOW, BUT THAT CAN BE A MODEL THAT WE WANNA REPLICATE.
BUT IT DOESN'T COME WITH THE GOVERNANCE PIECE THAT HAS BEEN EXPRESSED WITH ME SORT OF UNDERSTANDING KIND OF SOME OF THE HISTORY WHERE THIS WOULD FALL IN HISTORIC, WHAT HAS WORKED AND MORE IMPORTANTLY WHAT HAST WORKED BECAUSE THERE HAVE BEEN INSTANCES WHERE IT'S
AND THEN FINALLY BUILD ON THE SUCCESS OF THAT STILL, I WOULD SAY LIKE THE BENEFITS AND DRAWBACKS THAT NOT JUST WITHIN A SAMPLE SIZE, THAT'S SOCIAL HOUSING.
SO MAYBE JUST LIKE MIX INCOME WRIT LARGE.
WHAT ARE THE THINGS THAT HAVE WORKED REALLY WELL AND WHAT ARE THE THINGS THAT HAVE BEEN DRAWBACKS? TENANT GOVERNANCE, WHAT ARE THE ASPECTS THAT WORK REALLY WELL? WHERE ARE THERE PLACES THAT ARE PRODUCTS NOT NECESSARILY DEFINED TO EVENTS, JUST SOCIAL HOUSING.
BECAUSE AGAIN, THAT'S LIKE A DEFINITION THAT NEEDS TO HAVE BASICALLY.
ONE MORE, UM, UH, SUSAN TALKED ABOUT THE FINANCIAL MODELING AND I, I I JUST WANNA LIFT UP A COUPLE OF SPECIFICS ABOUT THAT.
I MEAN THE, THE, THE GOAL IS ALWAYS ON THE FRONT END TO FIGURE OUT WHAT IS IT GONNA COST TO, TO BUILD OR ACQUIRE AND RENOVATE AND HOW DO WE PUT THOSE RESOURCES TOGETHER.
BUT I THINK THE REALLY IMPORTANT IS MODELING WHAT DOES, HOW DOES THE PROJECT FUNCTION OVER TIME? MM-HMM
AND WHAT HAPPENS IN THE OUT YEARS? 'CAUSE WE KNOW THAT BUILDINGS GET TO THE END OF THEIR USE OF LIFE.
SO HOW ARE YOU PLANNING THAT? YOU KNOW, CAN, CAN YOU ACTUALLY PUT TOGETHER RESERVES THAT HELP YOU MAKE CAPITAL REPAIRS OVER TIME? DO YOU HAVE ENOUGH INCOME COMING IN TO DO THAT? AND THEN WHAT HAPPENS AFTER 25 YEARS WHEN YOU KNOW MAYBE THERE WASN'T ENOUGH TO DO WHAT YOU NEEDED TO DO? AND YOU HAVE TO BE RECAPITALIZE.
WHAT IS THE, WHAT IS THE MODEL IN A SOCIAL HOUSING SETTING, UM, TO LOOK TO THE FUTURE AND MAKE SURE THAT, YOU KNOW, YOU HAVE THE RESOURCES YOU NEED TO MAINTAIN WHATEVER IT IS YOU THOUGHT OF IT.
THE LONG TERM OPERAT COST MODEL.
RIGHT? THE LONG-TERM OPERATIONS AND THE LONG TERM VIABILITY.
I, I DON'T KNOW THAT WE NEED A SURVEY, A FORMAL SURVEY, BUT MAYBE WE CAN JUST ASK PEOPLE IF THERE'S ANYTHING ELSE YOU WANNA ADD THAT YOU SEND AN EMAIL MM-HMM
AND THEN WE'LL MAKE SURE THAT THOSE GET PASSED ALONG TO CLAUDIA AND MARTHA AS WELL.
WE TALKED ABOUT ALL THE MONEY, ALL THE BUILDINGS.
UH, HOW ABOUT I DON'T TALK ABOUT THE PEOPLE AND LOOKING AT, UH, THIS IDEA OF SOCIAL HOUSING AS A WAY AN OPPORTUNITY TO BUILD COMMUNITIES.
UM, AND SO THAT'S ONE OF THE REASONS WE TALKED ABOUT WHO'S GOING TO OPT INTO THIS MODEL.
AND I THINK WE NEED TO REALLY THINK ABOUT THAT AND THINK ABOUT WHO MIGHT BENEFIT FROM IT AND HOW THEY MIGHT BENEFIT FROM BEING IN A REALLY NICE COMMUNITY AND, AND SEE IF THERE'S AN OPPORTUNITY TO DO THAT INTENTIONALLY.
UM, AND JUST WANNA SAY THANK YOU.
CAN WE DO ONE MORE PLUG? YEAH.
COUPLE THINGS POPPED UP THAT YOU SHOULD KNOW WE HAVE SOME RESOURCES ABOUT.
UM, I HEARD THE AMIS DON'T REPRESENT PEOPLE'S ACTUAL INCOMES AND THE PRICE OF HOUSING.
WE ARE, WE HAVE THIS WEBINAR SERIES CALLED DATA
[01:00:01]
TALKS AT THE HOUSING SOLUTIONS LAB.JUST SO HAPPENS THAT OUR UPCOMING ONE ON SEPTEMBER 4TH FOCUSES ON THE DEBATES AROUND AMIS AND ESPECIALLY THE RACIAL EQUITY IMPLICATIONS OF AMIS.
SO I'LL MAKE SURE THAT WE GET THE INFO TO THIS GROUP.
UM, ALSO HEARD A LOT ABOUT STUDENTS.
UM, WE DO HAVE SOME RESOURCES, CASE STUDIES ON HOW WE DEAL WITH STUDENTS, UM, IN TERMS OF HOUSING.
SO WE CAN SHARE THOSE AROUND AS WELL.
SO WE'LL SHARE THOSE RESOURCES, UM, SHARE WITH THE TEAM, UM, ANY ADDITIONAL RESEARCH.
AGAIN, THANK YOU MARTHA AND CLAUDIA FOR BEING HERE IN PERSON.
UM, JUST A COUPLE QUICK, UH, LOGISTICAL THINGS.
WE'RE HOLDING SEPTEMBER 23RD AS IN NEXT MEETING DATE, AND WE ARE PLANNING TO HOLD PUBLIC COMMENT AT THAT MEETING AND ALSO, YOU KNOW, DIG IN HOPEFULLY A LITTLE DEEPER TO SOME OF THESE OTHER MODELS.
OUR WEBSITE IS LIVE AND WE CAN GET TO THAT THROUGH THE MAYOR'S OFFICE, UH, HOMEPAGE FROM THE CITY WEBSITE.
AND, UH, JUST A REMINDER TO DO YOUR ETHICS, CONFLICT OF INTEREST TRAINING IF YOU HAVEN'T DONE IT YET.
UH, MOAD, I THINK WE NEED A MOTION TO ADJOURN.