Housing Stability Council

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November 18, 2016 Oregon Housing Stability Council Minutes The Myrtlewood Council member Motion Yes No Abstain Excused Tammy Baney X Aubre Dickson X X Mike Fieldman X Anna Geller X Zee Koza 2 nd X Acting Chair, Adolph “Val” Valfre X Vote: 5:0:0:1 | PASS Richardson Bridge Apartments (preservation project): Ms. Detweiler briefed the Council on the specifics of this project. She invited the project sponsor to join her at the table to address the Council. Steve Oaks, Development Director at the Housing and Community Services of Lane County (HACSA) came forward to address the Council. Councilmember Dickson pointed out an error on the data page. The construction costs should be 108,530 not $408,530. Ms. Detweiler will make the correction on the data page. Mr. Oaks thanked the agency and the Council for their consideration of this project. This particular project and funding mechanism will allow HACSA to leverage their funds and do more projects. Councilmember Fieldman asked Mr. Oaks to elaborate on the case management services partnership called out in the Council write-up. Mr. Oaks told the Council that HACSA is partnering with Cornerstone Community housing to deliver resident services/case management. Their plan is to provide more robust services by partnering with Cornerstone. Acting Chair Valfre asked if HACSA would need to provide relocation for residents during the construction/preservation phase of the project. Mr. Oaks told the Council that they do indeed have a plan in place for the current residents. Acting Chair Valfre called for a motion from the Council. Councilmember Fieldman made the motion found on page 28 of the meeting material packet and Councilmember Dickson seconded the motion. Acting Chair Valfre called for the vote: Richardson Bridge Apartments Council member Motion Yes No Abstain Excused Tammy Baney X Aubre Dickson 2 nd X Mike Fieldman X X Anna Geller X Zee Koza X Acting Chair, Adolph “Val” Valfre X Vote: 5:1:0:1 | PASS Oregon Housing Stability Council Meeting Materials Packet - Page 18
November 18, 2016 Oregon Housing Stability Council Minutes LIHTC NOFA – Metro Region Ms. Detweiler told the Council that this region encompasses Washington, Multnomah and Clackamas counties. Eight applications were submitted and four are being recommended for funding. Cornelius Place: Ms. Detweiler briefed the Council on the specifics of this project. She invited the project sponsor to join her at the table to address the Council. Destin Ferdun from Bridge Housing joined Ms. Detweiler to address the Council. Mr. Ferdun told the Council that he is excited about this project and the partnerships that were created. There is also high community excitement about this project. For the Record: Acting Chair Valfre will recuse himself from the discussion and he will abstain from the vote. Councilmember Dickson said he was excited to see this project make it for recommendation. He also said he was happy to see that Bridge Housing joined the project to help it move forward. Councilmember Fieldman asked for more clarification on the land lease deal that is part of this project. Bridge Housing said that the lease is for 99 years and it is for $1. Councilmember Fieldman noted that the per-unit costs seem high and he asked Bridge Housing to provide more context to explain the per-unit costs. Bridge Housing told the Council that there are several factors contributing to the high per-unit cost. Those factors include but are not limited to the following: the mixed use project, green building requirements, the current economic climate (supply costs are continuing to go up). Councilmember Geller expressed her pleasure with the City of Cornelius and their involvement in this project. She believes this is a model other cities can mirror. The outcome of this project will be more than the sum of its parts. She is thrilled with the project. Acting Chair Valfre called for a motion from the Council. Councilmember Geller made the motion found on page 30 of the meeting material packet and Councilmember Fieldman seconded the motion. Acting Chair Valfre called for the vote: Cornelius Place Council member Motion Yes No Abstain Excused Tammy Baney X Aubre Dickson X Mike Fieldman 2 nd X Anna Geller X X Zee Koza X Acting Chair, Adolph “Val” Valfre X Vote: 4:0:1:1 | PASS Oregon Housing Stability Council Meeting Materials Packet - Page 19
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Housing Stability Council

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