CompletedFebruary 25, 2025 Housing and Redevelopment Authority Meeting

February 25, 2025 Housing and Redevelopment Authority Meeting

Date: Wednesday, February 26, 2025 at 1:29 PMActual: Wednesday, February 26, 2025 at 1:29 PM

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Published Wednesday, February 26, 2025

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[3:27] . CALL TO ORDER THE TUESDAY, [3:33] FEBRUARY 25TH 2025 HRH BOARD MEETING. FIRST ITEM ON THE AGENDA IS THE APPROVAL OF AGENDA. [3:40] ARE THERE ANY EDITS OR CHANGES IF NONE MAY I HAVE A MOTION TO [3:48] APPROVE THE AGENDA. SOME ARE SAYING MOVED BY WHO [3:55] AND SECOND BY ME. ANY DISCUSSION? ALL IN FAVOR. HI. HI. [4:00] HI. MOTION PASSES. OKAY. 620 APPROVAL OF THE MINUTES. [4:05] APPROVAL OF THE FEBRUARY 11TH [4:12] 2025 HRA BOARD MEETING MINUTES. ARE THERE ANY EDITS OR CHANGES IF NONE MAY HAVE A MOTION TO [4:20] THE FEBRUARY 11TH H.R. BOARD MEETING MINUTES. SECOND MOVED BY WOOTEN AND [4:27] SECOND BY DOUBLING OR ANY DISCUSSION. ALL IN FAVOR. I MOTION 6 TO 0 NEXT ITEM IS [4:38] ORGANIZATIONAL BUSINESS AND WE WILL HAVE AN UPDATE ON [4:44] OWNERSHIP PROGRAMS [4:52] . GOOD EVENING CHAIR AND COMMISSIONERS ANA SALVADOR [4:57] ASSISTANT ADMINISTER LEADER. THIS PRESENTATION IS INTENDED TO PROVIDE AN OVERVIEW [5:04] OF CURRENT HOMEOWNERSHIP RELATED PROGRAMING THE AGENCIES INVOLVED AND AS THERE [5:09] ARE UPCOMING ITEMS LATER THIS YEAR THAT ARE ASSOCIATED WITH THIS PROGRAM WE THOUGHT IT WOULD. OUR PROGRAM MEETING WE THOUGHT [5:16] IT WOULD BE GOOD TO ESTABLISH A FOUNDATION ON CURRENT PROGRAM STATUSES AND KIND OF THE FULL RANGE OF WE'RE [5:24] WORKING ON WITHIN THE HOME HOMEOWNERSHIP UMBRELLA. THERE ARE NO ACTION ITEMS FROM THIS PRESENTATION IT'S PURELY [5:29] INFORMATIONAL. SO WHEN DESIGNING AND EVALUATING THE HOMEOWNERSHIP [5:35] RECORD WE KEEP IN MIND THE FOLLOWING GUIDING PRINCIPLES. DEVELOPING MULTIPLE PATHWAYS TO HOMEOWNERSHIP FOR RESIDENTS [5:43] REDUCING THE HOMEOWNERSHIP GAP BETWEEN BIPOC AND WHITE HOUSEHOLDS. AND THEN MORE ON THE PHYSICAL [5:50] OR BUILT ENVIRONMENT SIDE OF THINGS IT'S INCREASING THE THE OVERALL STOCK OF OWNERSHIP HOUSING WITHIN THE CITY [5:55] PARTICULARLY AROUND AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES AND ALSO PRESERVING THE [6:02] EXISTING STOCK OF OWNERSHIP HOUSING WITHIN THE CITY. HOMEOWNERSHIP INTERVENTIONS FALL UNDER FORWARD KIND [6:10] OF BROAD CATEGORIES. MY PRESENTATION THIS EVENING IS REALLY GOING TO FOCUS ON THE EDUCATION AND FINANCIAL ASSISTANCE PROGRAM PROGRAMS [6:17] BUT I DID WANT TO TOUCH BRIEFLY ON THE OTHER TWO BUCKETS WHICH ARE DEVELOPMENT AND HOMEOWNERSHIP PRESERVATION [6:24] . UNDER THE DEVELOPMENT BUCKET THE BIGGEST ONE OBVIOUSLY IS THE BLOOMINGTON AFFORDABLE [6:29] HOMEOWNERSHI PROGRAM WHICH CAME BEFORE THIS BOARD THIS YEAR. THAT PROGRAM IS ROLLING OUT [6:36] AND WE HAVE THAT FIRST RFP COMING RELATIVELY SOON AGAIN 9030 PARK WHICH IS ANOTHER [6:41] THING THAT THIS BOARD WAS HEAVILY INVOLVED IN IS ALSO IN PROCESS RIGHT NOW HOPING [6:47] START CONSTRUCTION IN THE SPRING. AND THEN LASTLY ONGOING PARTNERSHIP WITH HOMES WITHIN [6:52] REACH WHICH THIS HAS HISTORICALLY BEEN FUNDED THROUGH CDBG DOLLARS WE PROVIDE SOME FUNDING FOR [6:59] ACQUISITION AND REHABILITATION OF EXISTING HOMEOWNERSHIP UNITS TO BE SOLD IN AT AFFORDABLE PRICES AND THEN [7:06] WITHIN HOMEOWNERSHIP PRESERVATION. THIS IS REALLY W…

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