1 00:00:20,286 --> 00:00:23,757 >>> OKAY. GOOD AFTERNOON, 2 00:00:23,757 --> 00:00:25,725 EVERYONE. THE APRIL 22, 2026, 3 00:00:25,725 --> 00:00:27,794 MEETING OF THE HOUSING, ARTS, 4 00:00:27,794 --> 00:00:31,865 AND CIVIL RIGHTS COMMITTEE WILL 5 00:00:31,865 --> 00:00:33,233 COME TO ORDER. IT'S 2:01. I'M 6 00:00:33,233 --> 00:00:35,802 DIONNE FOSTER, THE CHAIR OF THE 7 00:00:35,802 --> 00:00:38,505 COMMITTEE. WILL THE CLERK PLEASE 8 00:00:38,505 --> 00:00:38,905 CALL THE ROLL? 9 00:00:38,905 --> 00:00:40,473 >> I CAN BARELY HEAR YOU. YOU 10 00:00:40,473 --> 00:00:42,442 MAY WANT TO CHECK. 11 00:00:42,442 --> 00:00:45,378 >> I DON'T THINK YOUR MIC IS 12 00:00:45,378 --> 00:00:45,545 ON. 13 00:00:45,545 --> 00:00:49,983 >> TESTING, IS THIS BETTER? 14 00:00:49,983 --> 00:00:50,717 >> YEAH. 15 00:00:50,717 --> 00:00:52,085 >> COUNCILMEMBER RINCK? VICE 16 00:00:52,085 --> 00:00:53,920 CHAIR LIN? 17 00:00:53,920 --> 00:00:54,187 >> HERE. 18 00:00:54,187 --> 00:00:55,955 >> SHARE FOSTER? 19 00:00:55,955 --> 00:00:56,356 >> HERE. 20 00:00:56,356 --> 00:01:01,461 >> THERE ARE THREE MEMBERS 21 00:01:01,461 --> 00:01:01,728 PRESENT. 22 00:01:01,728 --> 00:01:05,198 >> FANTASTIC. AND COUNCIL 23 00:01:05,198 --> 00:01:06,733 PRESIDENT H OLLINGSWORTH HAS 24 00:01:06,733 --> 00:01:12,972 BEEN EXCUSED FROM THE MEETING. 25 00:01:12,972 --> 00:01:17,844 HEARING NO OBJECTION, THE AGENDA 26 00:01:17,844 --> 00:01:19,078 IS ADOPTED. CLERK, HOW MANY 27 00:01:19,078 --> 00:01:20,180 SPEAKERS ARE SIGNED UP TODAY? 28 00:01:20,180 --> 00:01:22,682 >> ONE IN PERSON SPEAKER AND NO 29 00:01:22,682 --> 00:01:23,883 REMOTE SPEAKERS. 30 00:01:23,883 --> 00:01:26,252 >> FAN FASTIC. SPEAKERS WILL 31 00:01:26,252 --> 00:01:27,654 HAVE TWO MINUTES. LOOKS LIKE A 32 00:01:27,654 --> 00:01:29,422 SECOND IS SIGNING UP. WE WILL 33 00:01:29,422 --> 00:01:31,658 GET YOUR NAME IN A SECOND. 34 00:01:31,658 --> 00:01:32,959 SPEAKERS WILL HAVE TWO MINUTES, 35 00:01:32,959 --> 00:01:35,128 ASK CLERK, WILL YOU GO AHEAD AND 36 00:01:35,128 --> 00:01:39,199 BEGIN INVITING THE SPEAKERS UP 37 00:01:39,199 --> 00:01:40,433 FOR PUBLIC COMMENT? 38 00:01:40,433 --> 00:01:44,404 >> UP TO 60 MINUTES, CALLED IN 39 00:01:44,404 --> 00:01:47,240 THE ORDER REGISTERED. BEGINNING 40 00:01:47,240 --> 00:01:48,141 WITH IN-PERSON SPEAKERS. ONCE 41 00:01:48,141 --> 00:01:49,542 YOU HAVE HEARD THE CHIME, 42 00:01:49,542 --> 00:01:51,644 THERE'S TEN SECONDS LEFT, AND 43 00:01:51,644 --> 00:01:53,613 THE SPEAKER'S MIC WILL BE MUTED 44 00:01:53,613 --> 00:01:56,049 IF THEY DON'T END WITHIN THE 45 00:01:56,049 --> 00:01:56,983 ALLOTTED TIME. THE PUBLIC 46 00:01:56,983 --> 00:01:59,185 COMMENT PERIOD IS NOW OPEN, 47 00:01:59,185 --> 00:02:03,356 BEGINNING WITH THE FIRST 48 00:02:03,356 --> 00:02:08,161 SPEAKER, MALCOLM HINES. 49 00:02:08,161 --> 00:02:10,163 >> OH, ANY MIC YOU CHOOSE. 50 00:02:10,163 --> 00:02:11,664 >> THANK YOU. THIS IS JUST 51 00:02:11,664 --> 00:02:14,767 DIRECTED TO THE ARTS AND CULTURE 52 00:02:14,767 --> 00:02:17,804 AND ARTS AND CULTURE DEPARTMENT 53 00:02:17,804 --> 00:02:19,772 FUNDING. I AM AN ADVOCATE FOR 54 00:02:19,772 --> 00:02:22,208 THE ARTS. ACTOR, CAME HERE LAST 55 00:02:22,208 --> 00:02:23,476 TIME ADVOCATING FOR SPACES. I 56 00:02:23,476 --> 00:02:25,445 WANT Y'ALL TO HAVE IN YOUR 57 00:02:25,445 --> 00:02:27,447 CONSIDERATION ABOUT THE FILM 58 00:02:27,447 --> 00:02:29,349 MAKING OPPORTUNITY THAT SEATTLE 59 00:02:29,349 --> 00:02:31,584 HAS BESIDES HARBOR STUDIOS AND 60 00:02:31,584 --> 00:02:35,188 HARBOR ISLAND THAT THIS CITY IS 61 00:02:35,188 --> 00:02:36,422 DEFINITELY LACKING IN FUNDING 62 00:02:36,422 --> 00:02:38,191 AND OPPORTUNITIES TO FILM HERE 63 00:02:38,191 --> 00:02:41,027 FOR FILMMAKERS, AND I WANT TO 64 00:02:41,027 --> 00:02:43,263 ADVOCATE FOR ON THE BEHALF OF 65 00:02:43,263 --> 00:02:45,031 THE FILM SOCIETY AND LOCAL 66 00:02:45,031 --> 00:02:48,968 ARTISTS WHO FILM HERE WHO COULD 67 00:02:48,968 --> 00:02:51,838 USE THE CITY'S HELP. THE CITY 68 00:02:51,838 --> 00:02:53,039 IS SO IMMACULATE AND BEAUTIFUL 69 00:02:53,039 --> 00:02:54,774 TO BE ABLE TO EXPLORE AND SHOW 70 00:02:54,774 --> 00:02:56,943 THE WORLD AS IT IS FIRST IN 71 00:02:56,943 --> 00:02:59,479 ATHLETICS, AS IT IS FIRST IN 72 00:02:59,479 --> 00:03:01,014 OTHER THINGS, SPORTS, CAN BE 73 00:03:01,014 --> 00:03:02,949 FIRST IN THE ARTS, AND IT ALSO 74 00:03:02,949 --> 00:03:07,053 STARTS WITH FILM. I WORK FOR 75 00:03:07,053 --> 00:03:09,255 SIFF AND AN ADVOCATE FOR 76 00:03:09,255 --> 00:03:12,192 THEATER. THE LACK OF FILM 77 00:03:12,192 --> 00:03:13,660 EDUCATION AND THE FILMING DONE 78 00:03:13,660 --> 00:03:14,460 IN THIS CITY, ESPECIALLY THIS 79 00:03:14,460 --> 00:03:17,830 AREA OF THIS CITY IS VITALLY 80 00:03:17,830 --> 00:03:19,299 IMPORTANT. THERE'S ONLY THINGS 81 00:03:19,299 --> 00:03:20,500 LIKE LOCALS ONLY, AND OTHER 82 00:03:20,500 --> 00:03:21,935 STUFF ON A SMALLER SCALE, BUT 83 00:03:21,935 --> 00:03:23,703 THERE'S A LOT OF PEOPLE WHO 84 00:03:23,703 --> 00:03:24,771 WENT TO FILM HERE THAT STILL 85 00:03:24,771 --> 00:03:29,108 WORK IN THE CITY AND ARE NOT 86 00:03:29,108 --> 00:03:31,377 WORKING, AND THIS ALSO BENEFITS 87 00:03:31,377 --> 00:03:32,579 THE COMMUNITY AND THE CULTURE 88 00:03:32,579 --> 00:03:36,182 WHICH WE ARE IN. IF WE WANT TO 89 00:03:36,182 --> 00:03:37,550 BE BACK IN THE HIGH-RANKING, AS 90 00:03:37,550 --> 00:03:40,086 FAR AS THE ARTS IN AMERICA, AS 91 00:03:40,086 --> 00:03:41,888 FAR AS A CITY, AND NOT IN THE 92 00:03:41,888 --> 00:03:43,122 '20s, YOU I HAVE TO START WITH 93 00:03:43,122 --> 00:03:46,359 THE CORE, AND THAT IS THE 94 00:03:46,359 --> 00:03:47,560 FILMMAKERS, AND THE PEOPLE THAT 95 00:03:47,560 --> 00:03:49,295 ARE READY TO SHOOT AND DON'T 96 00:03:49,295 --> 00:03:52,465 HAVE THE OPPORTUNITY AND CAN'T 97 00:03:52,465 --> 00:03:54,767 SHOOT BECAUSE OF THE LEGALITY 98 00:03:54,767 --> 00:03:56,636 PART OF IT. SO, JUST FOR Y'ALL 99 00:03:56,636 --> 00:04:02,842 CONSIDERATION. 100 00:04:02,842 --> 00:04:07,914 >> THANK YOU SO MUCH. THANK YOU, 101 00:04:07,914 --> 00:04:08,948 MALCOLM. 102 00:04:08,948 --> 00:04:11,451 >> OUR NEXT SPEAKER IS RUTH 103 00:04:11,451 --> 00:04:13,720 DITE. 104 00:04:13,720 --> 00:04:16,189 >> I WANT TO APOLOGIZE. I LOOKED 105 00:04:16,189 --> 00:04:18,157 FOR AN AGENDA ONLINE, AND I 106 00:04:18,157 --> 00:04:20,193 COULDN'T FIND ONE, SO I SAW 107 00:04:20,193 --> 00:04:23,630 HOUSING, AND OF COURSE, I'M 108 00:04:23,630 --> 00:04:26,399 TALKING ABOUT -- SO THAT'S -- 109 00:04:26,399 --> 00:04:28,034 >> BEFORE YOU START, RUTH, WE 110 00:04:28,034 --> 00:04:30,403 ASK THAT YOU LEAVE YOUR SIGN AT 111 00:04:30,403 --> 00:04:33,039 YOUR SEAT. WE DON'T HAVE SIGNS 112 00:04:33,039 --> 00:04:33,706 AT THE PODIUM TYPICALLY. 113 00:04:33,706 --> 00:04:35,141 >> IT'S NOT A SIGN. THAT'S 114 00:04:35,141 --> 00:04:38,111 FROM THE NO KING'S MARCH. OKAY, 115 00:04:38,111 --> 00:04:39,579 I AM REPURPOSING. THIS IS, I 116 00:04:39,579 --> 00:04:45,885 WANT TO TALK TO THIS -- IS THAT 117 00:04:45,885 --> 00:04:46,085 OKAY? 118 00:04:46,085 --> 00:04:48,221 >> YEAH, WE DON'T LET SIGNS UP 119 00:04:48,221 --> 00:04:50,189 AT THE PODIUM, SO IF YOU WANT TO 120 00:04:50,189 --> 00:04:52,959 PUT IT AT THE SEAT AND DO YOUR 121 00:04:52,959 --> 00:04:56,729 PUBLIC COMMENT, THAT WOULD BE 122 00:04:56,729 --> 00:04:57,030 FANTASTIC. 123 00:04:57,030 --> 00:05:00,800 >> IT'S JUST DEMONSTRATING WHAT 124 00:05:00,800 --> 00:05:02,035 I'M TALKING ABOUT. 125 00:05:02,035 --> 00:05:04,704 >> I APPRECIATE THAT. WE HAVE A 126 00:05:04,704 --> 00:05:07,073 POLICY NOT TO HAVE SIGNS AT THE 127 00:05:07,073 --> 00:05:08,441 PODIUM. I WANT TO BE CONSISTENT. 128 00:05:08,441 --> 00:05:09,776 >> I HAVE DONE THIS BEFORE. 129 00:05:09,776 --> 00:05:11,978 OKAY, ALL RIGHT. OKAY IF I PUT 130 00:05:11,978 --> 00:05:14,480 IT -- OH, YOU CAN'T SEE IT. 131 00:05:14,480 --> 00:05:20,953 OKAY. TOOK A BIT OF TIME TO 132 00:05:20,953 --> 00:05:21,321 MAKE. OKAY -- 133 00:05:21,321 --> 00:05:22,989 >> WE WILL GO AHEAD AND START 134 00:05:22,989 --> 00:05:33,366 YOUR TIME NOW, RUTH. 135 00:05:49,015 --> 00:05:50,416 >> OKAY, I WANTED TO TALK ABOUT 136 00:05:50,416 --> 00:05:53,319 ZONE DEVELOPMENT CAPACITY AND 137 00:05:53,319 --> 00:05:56,756 WHAT IT MEANS. NOT VERY MANY 138 00:05:56,756 --> 00:05:57,390 PEOPLE UNDERSTAND WHAT IT MEANS. 139 00:05:57,390 --> 00:05:58,024 WHAT MY POSTER HERE IS SUPPOSED 140 00:05:58,024 --> 00:05:58,624 TO ILLUSTRATE -- HOW THEY GO 141 00:05:58,624 --> 00:05:59,258 ABOUT ESTIMATING IT. THERE ARE 142 00:05:59,258 --> 00:05:59,892 TWO STATE REQUIREMENTS, ONE THAT 143 00:05:59,892 --> 00:06:00,493 DEVELOPMENT IN 20 YEARS. NOW 144 00:06:00,493 --> 00:06:01,828 THAT MARKET SUPPLY FACTOR IS 145 00:06:01,828 --> 00:06:05,698 SOMETHING THAT IS RARELY TALKED 146 00:06:05,698 --> 00:06:08,000 ABOUT. AND SO YOU -- WHAT THEY 147 00:06:08,000 --> 00:06:14,974 DO, THEY LOOK AT ALL OF THE ZONE 148 00:06:14,974 --> 00:06:17,777 LAND, SUBTRACT THE UNBUILDABLE. 149 00:06:17,777 --> 00:06:21,047 SUBTRACT MARKET UNAVAILABLE, AND 150 00:06:21,047 --> 00:06:22,982 WHAT YOU'RE LEFT WITH IS 151 00:06:22,982 --> 00:06:25,118 330,000 DEVELOPABLE, EXPECTED TO 152 00:06:25,118 --> 00:06:28,621 BE ON THE MARKET, UNITS OF 153 00:06:28,621 --> 00:06:31,958 CAPACITY. A LOT OF PEOPLE THINK 154 00:06:31,958 --> 00:06:34,093 THAT NUMBER IS SO BIG BECAUSE, 155 00:06:34,093 --> 00:06:35,428 WELL, YOU HAVE TO TAKE ACCOUNT 156 00:06:35,428 --> 00:06:38,164 FOR THE FACT THAT PEOPLE ARE NOT 157 00:06:38,164 --> 00:06:39,899 GOING TO PUT THEIR MARKET UP FOR 158 00:06:39,899 --> 00:06:42,435 SALE, BUT THAT'S NOT TRUE. I 159 00:06:42,435 --> 00:06:44,504 HAVE NEVER HEARD THERE'S IT 160 00:06:44,504 --> 00:06:46,305 EXPLAINED IT'S A MARKET SUPPLY 161 00:06:46,305 --> 00:06:47,874 FACTOR BUILT INTO THIS REQUIRED 162 00:06:47,874 --> 00:06:51,744 BY THE STATE. VERY IMPORTANT TO 163 00:06:51,744 --> 00:06:53,679 UNDERSTAND THIS. WE HAVE A 164 00:06:53,679 --> 00:07:00,820 TARGET OF 120,000. WE HAVE THEN 165 00:07:00,820 --> 00:07:02,855 280,000 BEYOND OUR 120,000. 166 00:07:02,855 --> 00:07:04,390 THAT'S A ZONING BUFFER. THE 167 00:07:04,390 --> 00:07:06,125 IDEA OF THE ZONING BUFFER, IF 168 00:07:06,125 --> 00:07:10,363 YOU HAVE A LOT OF LAND AVAILABLE 169 00:07:10,363 --> 00:07:12,231 IT WILL BRING PRICES DOWN AND 170 00:07:12,231 --> 00:07:14,400 BUILDERS HAVE MORE CHOICE. THE 171 00:07:14,400 --> 00:07:16,669 PROBLEM IS IN A GROWING CITY 172 00:07:16,669 --> 00:07:18,104 LIKE SEATTLE, SAME THING 173 00:07:18,104 --> 00:07:21,874 HAPPENED IN VANCOUVER, THIS 174 00:07:21,874 --> 00:07:22,608 DOESN'T HAPPEN. THE LAND 175 00:07:22,608 --> 00:07:23,743 DOESN'T DEPRECIATE. THAT'S ONE 176 00:07:23,743 --> 00:07:28,214 OF THE POINTS I KEEP TRYING TO 177 00:07:28,214 --> 00:07:29,849 MAKE HERE, AND THAT'S ALL I HAVE 178 00:07:29,849 --> 00:07:30,116 TO SAY. 179 00:07:30,116 --> 00:07:38,024 >> THANK YOU, RUTH. CLERK, ARE 180 00:07:38,024 --> 00:07:44,163 THERE ANY FURTHER PUBLIC 181 00:07:44,163 --> 00:07:44,430 SPEAKERS. 182 00:07:44,430 --> 00:07:52,638 >> NO. 183 00:07:52,638 --> 00:07:53,406 >> YES! I SIGNED UP ONLINE! 184 00:07:53,406 --> 00:07:54,040 >> GO AHEAD AND DO YOUR PUBLIC 185 00:07:54,040 --> 00:07:54,674 COMMENT, AND LET'S JUST MAKE 186 00:07:54,674 --> 00:07:55,274 SURE BEFORE YOU LEAVE WE HAVE 187 00:07:55,274 --> 00:07:55,875 YOU SIGNED UP FOR A RECORD OF 188 00:07:55,875 --> 00:07:56,509 THAT. GIVE US ONE SECOND, AND WE 189 00:07:56,509 --> 00:08:06,886 WILL START YOUR TIME. 190 00:08:30,710 --> 00:08:35,948 >> PERHAPS THE CITY COUNCIL 191 00:08:35,948 --> 00:08:37,650 CHAIR WOULD LIKE TO ADDRESS THE 192 00:08:37,650 --> 00:08:38,918 HIGH-RISK INSURANCE -- THAT KIND 193 00:08:38,918 --> 00:08:44,423 OF DESTROY THE PERMANENT SUPPLY 194 00:08:44,423 --> 00:08:44,924 OF HOUSING. THE SERVICE 195 00:08:44,924 --> 00:08:45,558 PROVIDERS ARE NOT BREAKING THE 196 00:08:45,558 --> 00:08:47,660 ADDICTION AND THE UNDERWORLD 197 00:08:47,660 --> 00:08:49,896 THAT ALL OF THE RESIDENTS ARE 198 00:08:49,896 --> 00:08:50,529 ENJOYING. ALL OF THESE HOMELESS 199 00:08:50,529 --> 00:08:51,163 PEOPLE ARE BEING MISTREATED AND 200 00:08:51,163 --> 00:08:51,764 DENIED. SEEMS LIKE YOU COULD 201 00:08:51,764 --> 00:08:52,398 IMPROVE THE ROBUST OFFERING AND 202 00:08:52,398 --> 00:08:52,999 CAPACITY, WHETHER AUTHORIZING 203 00:08:52,999 --> 00:08:54,967 POCKETS OF NONPROFITS AND 204 00:08:54,967 --> 00:08:56,035 PURPOSEFULLY BACK STABS 205 00:08:56,035 --> 00:08:58,471 DEVELOPERS WHO COULD GO 8 TO 12 206 00:08:58,471 --> 00:08:59,505 STORIES WITH LIVABLE AMENITIES 207 00:08:59,505 --> 00:09:01,307 THAT EVERYONE COULD ENJOY. IF 208 00:09:01,307 --> 00:09:03,609 YOU GO THROUGH YOUR PRESENTATION 209 00:09:03,609 --> 00:09:06,379 TODAY OF THE NONPROFITS CLAIMING 210 00:09:06,379 --> 00:09:08,214 FOR PERMITS FOR AFFORDABLE 211 00:09:08,214 --> 00:09:09,115 HOUSING, LOOKING TO DUMP THEIR 212 00:09:09,115 --> 00:09:11,250 SALARIES AND LIKE DEBT AND BILLS 213 00:09:11,250 --> 00:09:14,887 ON TO THE TAXPAYERS AS A BAILOUT 214 00:09:14,887 --> 00:09:16,789 AFTER THEY REMORTGAGED, ALL 215 00:09:16,789 --> 00:09:18,691 BUILDINGS ARE HOVERING OVER THE 216 00:09:18,691 --> 00:09:20,126 SIDEWALK PRACTICALLY, NEXT TO 217 00:09:20,126 --> 00:09:22,295 THE MOST FAMOUS BAR, OR TOO LOW 218 00:09:22,295 --> 00:09:23,195 TO THE GROUND, SO EVERYBODY 219 00:09:23,195 --> 00:09:25,131 LIVES IN THE BUILDING HAS TO PUT 220 00:09:25,131 --> 00:09:28,634 UP TO THE STREET NOISE, AND NO 221 00:09:28,634 --> 00:09:30,136 LIVABLE AMENITIES TO GO WHEN THE 222 00:09:30,136 --> 00:09:32,038 TRASH TRUCK COMES IN. YOU HAVE 223 00:09:32,038 --> 00:09:34,507 TO GO HIGHER, TALLER, SAVES 224 00:09:34,507 --> 00:09:36,909 TREES. BE AWARE OF THE PEOPLE 225 00:09:36,909 --> 00:09:38,344 WEAPONIZING TREES WHO DON'T OWN 226 00:09:38,344 --> 00:09:39,845 A HOME. THEY DON'T WANT PEOPLE 227 00:09:39,845 --> 00:09:42,315 TO BUILD BACK BETTER. I AGREE 228 00:09:42,315 --> 00:09:45,017 ABOUT THE NONPROFITS UNQUALIFIED 229 00:09:45,017 --> 00:09:47,219 TO COME INTO OTHER PEOPLE'S 230 00:09:47,219 --> 00:09:49,021 NEIGHBORHOODS AND BUILD A CRAPPY 231 00:09:49,021 --> 00:09:50,856 HOME THAT IS SO LOUD TO THE 232 00:09:50,856 --> 00:09:53,726 GROUND THAT YOU ALLOW PEOPLE TO 233 00:09:53,726 --> 00:09:55,561 DRINK TO GET THEMSELVES TO SLEEP 234 00:09:55,561 --> 00:09:58,030 TO -- NEED TO BE HELD 235 00:09:58,030 --> 00:09:58,464 ACCOUNTABLE BUILT. 236 00:09:58,464 --> 00:10:04,904 >> THANK YOU, DAVID. CLERK, DO 237 00:10:04,904 --> 00:10:07,340 WE HAVE ANY FURTHER SPEAKERS? 238 00:10:07,340 --> 00:10:08,607 >> NO FURTHER SPEAKERS. 239 00:10:08,607 --> 00:10:11,143 >> WITH THAT, OUR FIRST ITEM OF 240 00:10:11,143 --> 00:10:12,011 THE BUSINESS. WILL THE CLERK 241 00:10:12,011 --> 00:10:16,682 PLEASE READ ITEM ONE INTO THE 242 00:10:16,682 --> 00:10:16,916 RECORD. 243 00:10:16,916 --> 00:10:17,550 >> AGENDA ATESTIMONY ONE, 244 00:10:17,550 --> 00:10:18,718 APPOINTMENT 03471 THE I 245 00:10:18,718 --> 00:10:20,286 APPOINTMENT OF AMY NGUYEN AS THE 246 00:10:20,286 --> 00:10:23,155 DIRECTOR OF THE OFFICE OF ARTS 247 00:10:23,155 --> 00:10:23,489 AND CULTURE. 248 00:10:23,489 --> 00:10:27,693 >> I WOULD LIKE TO INVITE UP TO 249 00:10:27,693 --> 00:10:30,463 THE TABLE INTERIM DIRECTOR AMY 250 00:10:30,463 --> 00:10:34,066 NGUYEN JOINED BY DEPUTY DIRECTOR 251 00:10:34,066 --> 00:10:35,101 OF OPERATIONS MARK ELLERRBROOK. 252 00:10:35,101 --> 00:10:36,769 I WILL TAKE A FEW MOMENTS TO 253 00:10:36,769 --> 00:10:40,439 SPEAK ON THIS ITEM, AND FIRST I 254 00:10:40,439 --> 00:10:43,075 WILL SAY WELCOME BACK INTERIM 255 00:10:43,075 --> 00:10:43,609 DIRECTOR NGUYEN. IT'S A 256 00:10:43,609 --> 00:10:44,810 PLEASURE TO HAVE YOU BACK. IT 257 00:10:44,810 --> 00:10:47,480 WAS BEAUTIFUL WHEN WE HAD THE 258 00:10:47,480 --> 00:10:48,814 OPPORTUNITY TO HAVE YOU AND WHAT 259 00:10:48,814 --> 00:10:50,750 I WOULD IMAGINE IS A FRACTION OF 260 00:10:50,750 --> 00:10:54,253 YOUR COMMUNITY, BUT A VERY FULL 261 00:10:54,253 --> 00:10:58,157 COUNCIL HERE IN CHAMBERS A FEW 262 00:10:58,157 --> 00:10:59,291 WEEKS AGO. IT WAS REALLY A 263 00:10:59,291 --> 00:11:00,793 FANTASTIC MOMENT TO HEAR THE 264 00:11:00,793 --> 00:11:02,261 SUPPORT FOR YOU AND YOUR 265 00:11:02,261 --> 00:11:04,030 NOMINATION, AND ALSO, I THINK TO 266 00:11:04,030 --> 00:11:05,264 MY UNDERSTANDING, THE FIRST TIME 267 00:11:05,264 --> 00:11:08,801 WE HAVE SEEN A DEPARTMENT 268 00:11:08,801 --> 00:11:10,703 DIRECTOR'S FACE ON A POPSICLE 269 00:11:10,703 --> 00:11:14,106 STICK IN CHAMBERS. THAT WAS 270 00:11:14,106 --> 00:11:15,808 FANTASTIC, AND IN ALL 271 00:11:15,808 --> 00:11:17,176 SERIOUSNESS, OUR OFFICE SENT 272 00:11:17,176 --> 00:11:19,311 AROUND RESPONSES TO YOUR WRITTEN 273 00:11:19,311 --> 00:11:21,380 QUESTIONS PRIOR TO TODAY'S 274 00:11:21,380 --> 00:11:22,848 CONVERSATION. TODAY PROVIDES AN 275 00:11:22,848 --> 00:11:23,983 OPPORTUNITY FOR COMMITTEES TO 276 00:11:23,983 --> 00:11:25,951 ASK REMAINING QUESTIONS AND FOR 277 00:11:25,951 --> 00:11:27,053 YOU INTERIM DIRECTOR NGUYEN, TO 278 00:11:27,053 --> 00:11:28,721 SHARE ANY INFORMATION THAT YOU 279 00:11:28,721 --> 00:11:30,222 WANTED TO SHARE AS A FOLLOWUP 280 00:11:30,222 --> 00:11:33,426 FROM OUR CONVERSATION SEVERAL 281 00:11:33,426 --> 00:11:36,662 WEEKS AGO. I WILL JUST SAY THAT 282 00:11:36,662 --> 00:11:38,397 IN CONCLUSION, THEY THINK WE 283 00:11:38,397 --> 00:11:41,367 FEEL VERY LUCKY TO HAVE YOU HERE 284 00:11:41,367 --> 00:11:43,502 AS A NOMINEE TO LEAD THE OFFICE 285 00:11:43,502 --> 00:11:44,703 OF ARTS AND CULTURE. I WILL SAY 286 00:11:44,703 --> 00:11:48,574 WHAT I HAVE SEEN IN PUBLIC AND 287 00:11:48,574 --> 00:11:50,309 IN OUR ONE-ON-ONE MEETINGS IS A 288 00:11:50,309 --> 00:11:52,478 REAL COMMITMENT TO THE ARTS AND 289 00:11:52,478 --> 00:11:55,948 A REAL COMMITMENT TO THINKING 290 00:11:55,948 --> 00:11:57,116 CREATIVELY AND INNOVATIVELY 291 00:11:57,116 --> 00:11:59,652 ABOUT HOW TO COLLABORATE ACROSS 292 00:11:59,652 --> 00:12:00,720 DEPARTMENTS HERE AT THE CITY, 293 00:12:00,720 --> 00:12:03,122 AND IT'S EXCITING TO HAVE YOU 294 00:12:03,122 --> 00:12:04,223 AS A NOMINEE WITH EXPERIENCE 295 00:12:04,223 --> 00:12:06,592 COMING BACK TO THE CITY, AND I 296 00:12:06,592 --> 00:12:08,127 THINK WE LOOK FORWARD TO WHAT 297 00:12:08,127 --> 00:12:09,562 THAT LEADERSHIP CAN MEAN FOR US 298 00:12:09,562 --> 00:12:11,864 AT THIS MOMENT IN TIME. INTERIM 299 00:12:11,864 --> 00:12:14,066 DIRECTOR NGUYEN, BEFORE WE TURN 300 00:12:14,066 --> 00:12:15,267 TO MY FELLOW COMMITTEE -- BEFORE 301 00:12:15,267 --> 00:12:17,203 WE TURN TO MY FELLOW COMMITTEE 302 00:12:17,203 --> 00:12:18,871 MEMBERS FOR ANY QUESTIONS, I 303 00:12:18,871 --> 00:12:20,172 INVITE YOU TO SHARE ANY THOUGHTS 304 00:12:20,172 --> 00:12:22,942 YOU WOULD LIKE TO AS AN OPENING. 305 00:12:22,942 --> 00:12:28,647 >> GO, AMY! [ LAUGHTER ]. 306 00:12:28,647 --> 00:12:30,516 >> I WAS MISSING YOU 307 00:12:30,516 --> 00:12:31,484 COUNCILMEMBER JUAREZ, AND I'M 308 00:12:31,484 --> 00:12:34,186 EXPECTING HARD QUESTIONS FROM 309 00:12:34,186 --> 00:12:34,386 YOU. 310 00:12:34,386 --> 00:12:37,890 >> YOU GOT NOTHING GIRL. I GOT 311 00:12:37,890 --> 00:12:38,090 YOU. 312 00:12:38,090 --> 00:12:40,326 >> I WANT TO THANK YOU SO MUCH 313 00:12:40,326 --> 00:12:41,427 CHAIR FOSTER FOR THAT 314 00:12:41,427 --> 00:12:42,495 INTRODUCTION. I ALSO WANT TO 315 00:12:42,495 --> 00:12:44,663 THANK YOU AND YOUR COLLEAGUES 316 00:12:44,663 --> 00:12:46,098 FOR THE FANTASTIC QUESTIONS SENT 317 00:12:46,098 --> 00:12:47,633 TO US IN ADVANCE AS WELL AS THE 318 00:12:47,633 --> 00:12:50,903 QUESTIONS DURING THE COMMITTEE. 319 00:12:50,903 --> 00:12:52,471 TO BE JOINED IN CHAMBERS AT THAT 320 00:12:52,471 --> 00:12:55,207 TIME AND THE SHORT PERIOD 321 00:12:55,207 --> 00:12:56,876 SERVING AS INTERIM, I HAVE HAD 322 00:12:56,876 --> 00:13:00,479 THE OPPORTUNITY TO SPEAK TO SO 323 00:13:00,479 --> 00:13:02,448 MANY ARTISTS INDIVIDUALS, SMALL, 324 00:13:02,448 --> 00:13:05,518 MID, LARGE, NONPROFIT, AND MAJOR 325 00:13:05,518 --> 00:13:06,352 INSTITUTIONS. THE COMMON THREAD 326 00:13:06,352 --> 00:13:09,889 IS PEOPLE ARE READY TO SEE 327 00:13:09,889 --> 00:13:11,557 ACTION AND VALUE BROUGHT TO -- 328 00:13:11,557 --> 00:13:13,492 AND HONORED FOR ARTS AND 329 00:13:13,492 --> 00:13:15,861 CULTURE. THAT'S A MANDATE I 330 00:13:15,861 --> 00:13:17,496 CANNOT ACHIEVE ALONE. WE NEED 331 00:13:17,496 --> 00:13:18,564 PARTNERSHIP WITH THE MAYOR'S 332 00:13:18,564 --> 00:13:19,765 OFFICE AND CITY COUNCIL IN ORDER 333 00:13:19,765 --> 00:13:22,701 TO MEET THE NEEDS OF THE ARTS 334 00:13:22,701 --> 00:13:24,837 AND CULTURE SECTOR THAT MAKE 335 00:13:24,837 --> 00:13:25,371 THIS CITY COLORFUL AND 336 00:13:25,371 --> 00:13:35,614 INTERESTING. 337 00:13:47,026 --> 00:13:47,560 >> THANK YOU SO MUCH INTERIM 338 00:13:47,560 --> 00:13:48,093 DIRECTOR NGUYEN. I REALLY 339 00:13:48,093 --> 00:13:48,694 APPRECIATE THAT. I BELIEVE WE 340 00:13:48,694 --> 00:13:49,328 ARE WORKING TO GET COUNCILMEMBER 341 00:13:49,328 --> 00:13:49,962 RIN CK ONLINE AS WELL. I KNOW 342 00:13:49,962 --> 00:13:50,496 SHE IS EXCITED TO SHARE 343 00:13:50,496 --> 00:13:51,130 QUESTIONS. I WILL FIRST TURN TO 344 00:13:51,130 --> 00:13:51,764 MY FELLOW COMMITTEE MEMBERS TO 345 00:13:51,764 --> 00:13:52,298 GIVE YOU A CHANCE TO ASK 346 00:13:52,298 --> 00:13:52,932 QUESTIONS OF INTERIM DIRECTOR 347 00:13:52,932 --> 00:14:03,409 NGUYEN. COUNCILMEMBER LIN? 348 00:14:15,521 --> 00:14:17,590 >> SO GOOD TO HAVE YOU HERE. 349 00:14:17,590 --> 00:14:18,190 EXCITED FOR YOUR LEADERSHIP. 350 00:14:18,190 --> 00:14:18,824 JUST A COUPLE OF QUESTIONS. ONE, 351 00:14:18,824 --> 00:14:19,458 ONE OF THE THINGS I'M EXCITED 352 00:14:19,458 --> 00:14:20,092 ABOUT IN YOUR RESUME BACKGROUND 353 00:14:20,092 --> 00:14:20,726 IS YOUR EXPERIENCE AROUND PUBLIC 354 00:14:20,726 --> 00:14:21,560 CITY NIGHT MARKET, AND YOU KNOW, 355 00:14:21,560 --> 00:14:22,361 IT'S SUCH A WONDERFUL 356 00:14:22,361 --> 00:14:25,331 EXPERIENCE, AND FOR THE 357 00:14:25,331 --> 00:14:27,299 COMMUNITY TO COME TOGETHER, AND 358 00:14:27,299 --> 00:14:30,803 TO HAVE LIVE MUSIC, AND SO MANY 359 00:14:30,803 --> 00:14:32,805 SMALL, YOU KNOW, BUSINESSES, 360 00:14:32,805 --> 00:14:37,443 VENDORS SELLING ARTS OR OTHER 361 00:14:37,443 --> 00:14:38,744 CRAFTS, AND JUST WONDERING IF -- 362 00:14:38,744 --> 00:14:40,846 WHAT THE ROLE YOU SEE FOR THE 363 00:14:40,846 --> 00:14:45,484 OFFICE OF ARTS IN SORT OF 364 00:14:45,484 --> 00:14:47,786 PARTNERING AROUND PUBLIC SPACE 365 00:14:47,786 --> 00:14:48,087 ACTIVATION? 366 00:14:48,087 --> 00:14:49,755 >> THANK YOU SO MUCH, 367 00:14:49,755 --> 00:14:50,556 COUNCILMEMBER LIN. IT'S 368 00:14:50,556 --> 00:14:51,924 SOMETHING I AM PASSIONATE ABOUT 369 00:14:51,924 --> 00:14:53,893 AS WELL. THE EXAMPLE YOU BROUGHT 370 00:14:53,893 --> 00:14:56,362 UP, I THINK, IS A WONDERFUL 371 00:14:56,362 --> 00:14:57,763 EXAMPLE OF A PROGRAM WITHIN THE 372 00:14:57,763 --> 00:15:01,233 OFFICE OF ARTS AND CULTURE. WE 373 00:15:01,233 --> 00:15:03,002 HAVE VERY LITTLE REGULATORY ARM 374 00:15:03,002 --> 00:15:06,872 APART FROM THE CULTURAL 375 00:15:06,872 --> 00:15:07,539 DISTRICTS PROGRAM. THE COLUMBIA 376 00:15:07,539 --> 00:15:12,711 CITY HILLMAN CITY DISTRICT IS AN 377 00:15:12,711 --> 00:15:14,680 EXCEPTIONAL EXAMPLE OF VERY 378 00:15:14,680 --> 00:15:16,615 ORGANIZED BUSINESSES' COMMUNITY 379 00:15:16,615 --> 00:15:17,516 MEMBERS WHO HAVE TRANSFORMED AND 380 00:15:17,516 --> 00:15:19,451 TAKEN CONTROL OF THEIR 381 00:15:19,451 --> 00:15:21,120 NEIGHBORHOOD AND MADE THAT 382 00:15:21,120 --> 00:15:23,155 PUBLIC SPACE HAPPEN. I WAS AT 383 00:15:23,155 --> 00:15:24,990 SDOT IN PUBLIC SPACE MANAGEMENT 384 00:15:24,990 --> 00:15:27,793 DURING COVID WHEN THOSE VERY 385 00:15:27,793 --> 00:15:29,128 COMMUNITY MEMBERS PUSHED US TO 386 00:15:29,128 --> 00:15:30,963 ADVANCE OUR STREET CLOSURES IN 387 00:15:30,963 --> 00:15:33,766 ORDER TO MEET COMMUNITY NEEDS. 388 00:15:33,766 --> 00:15:36,201 THIS IS A VIBRANT NEIGHBORHOOD 389 00:15:36,201 --> 00:15:37,569 THAT ALSO PUSHED FORWARD ON 390 00:15:37,569 --> 00:15:39,705 CULTURAL DISTRICTS, AND NOW WE 391 00:15:39,705 --> 00:15:41,340 HAVE AN OPPORTUNITY AS A CITY TO 392 00:15:41,340 --> 00:15:43,375 DELIVER MORE. WHAT DOES IT MEAN 393 00:15:43,375 --> 00:15:45,344 TO BE A CULTURAL DISTRICT? I 394 00:15:45,344 --> 00:15:47,880 HAVE HAD SOME GREAT INITIAL 395 00:15:47,880 --> 00:15:49,014 CONVERSATIONS WITH THE INTERIM 396 00:15:49,014 --> 00:15:50,849 DIRECTOR OF THE OFFICE OF 397 00:15:50,849 --> 00:15:52,518 ECONOMIC DEVELOPMENT, AND WE 398 00:15:52,518 --> 00:15:57,356 HAVE BEEN DREAMING ABOUT HOW DO 399 00:15:57,356 --> 00:16:00,893 WE CREATE MORE INNOVATION AND 400 00:16:00,893 --> 00:16:02,995 TEETH AROUND THE CULTURAL 401 00:16:02,995 --> 00:16:03,829 DISTRICT AROUND BUSINESS 402 00:16:03,829 --> 00:16:04,997 IMPROVEMENT AREAS, AND ALSO 403 00:16:04,997 --> 00:16:09,001 THINKING THAT NOT EVERY MODEL 404 00:16:09,001 --> 00:16:12,204 NEEDS TO LOOK THE SAME FOR 405 00:16:12,204 --> 00:16:14,306 NEIGHBORHOODS. HOW CAN WE MOVE 406 00:16:14,306 --> 00:16:16,842 TO ACTUALLY CREATING A MORE 407 00:16:16,842 --> 00:16:17,643 BESPOKE COMMUNITY MODEL THAT 408 00:16:17,643 --> 00:16:21,146 ENHANCES THE MAGIC OF THE 409 00:16:21,146 --> 00:16:25,718 CULTURAL CORRIDORS LIKE IN 410 00:16:25,718 --> 00:16:26,585 COLUMBIA CITY? I'M VERY EXCITED 411 00:16:26,585 --> 00:16:28,554 THAT THE OFFICE OF ARTS AND 412 00:16:28,554 --> 00:16:30,289 CULTURE, WITH HAVE A HISTORY AND 413 00:16:30,289 --> 00:16:33,892 LEGACY ON PUBLIC ART THROUGH THE 414 00:16:33,892 --> 00:16:36,795 1% FOR ART ORDINANCE, A PLACE WE 415 00:16:36,795 --> 00:16:39,631 HAVE WORKED CLOSELY WITH CAPITAL 416 00:16:39,631 --> 00:16:44,603 DEPARTMENTS TO DELIVER ON PUBLIC 417 00:16:44,603 --> 00:16:47,239 ART. THIS OFFICE RECENTLY 418 00:16:47,239 --> 00:16:48,507 LAUNCHED A CREATIVE PLACE MAKING 419 00:16:48,507 --> 00:16:51,110 DIVISION. REALLY HOW CAN WE 420 00:16:51,110 --> 00:16:54,346 THINK ABOUT NOT ONLY THE MID- 421 00:16:54,346 --> 00:16:56,115 AND LONG-TERM INVESTMENTS ON 422 00:16:56,115 --> 00:16:56,815 CAPITAL DEVELOPMENT THAT 423 00:16:56,815 --> 00:16:59,685 TRANSFORMS SPACES, BUT HOW ARE 424 00:16:59,685 --> 00:17:01,153 WE THINKING OF MEETING THE 425 00:17:01,153 --> 00:17:01,820 EVERYDAY, CREATING OPPORTUNITIES 426 00:17:01,820 --> 00:17:03,956 TO IN ARTS AND CULTURE THAT 427 00:17:03,956 --> 00:17:07,426 DOESN'T HAVE TO WAIT UNTIL 428 00:17:07,426 --> 00:17:08,127 AFTER CONSTRUCTION, MITIGATION, 429 00:17:08,127 --> 00:17:10,429 AND PROJECT DELIVERY BEFORE YOU 430 00:17:10,429 --> 00:17:11,196 EXPERIENCE THAT. I THINK 431 00:17:11,196 --> 00:17:16,368 FESTIVAL STREETS, JUST AS HOW WE 432 00:17:16,368 --> 00:17:16,902 ACTIVATE OUR AFTERNOONS, 433 00:17:16,902 --> 00:17:18,737 EVENINGS, ARTS AND CULTURE IS 434 00:17:18,737 --> 00:17:20,839 ENTIRELY AT THE CORE OF THAT, 435 00:17:20,839 --> 00:17:22,307 JUST AS BUSINESSES ARE. IT'S 436 00:17:22,307 --> 00:17:24,243 MUSIC. YOU SAID IT. YOU CAN FEEL 437 00:17:24,243 --> 00:17:26,478 IT. YOU CAN SMELL IT WHEN YOU'RE 438 00:17:26,478 --> 00:17:27,813 EXPERIENCING COLUMBIA CITY 439 00:17:27,813 --> 00:17:30,416 ALIVE. WHAT I WOULD LIKE TO SEE 440 00:17:30,416 --> 00:17:34,787 IS THAT WE ENHANCE AND INVEST 441 00:17:34,787 --> 00:17:36,388 DEEPER INTO CULTURAL DISTRICTS, 442 00:17:36,388 --> 00:17:37,856 BUT WE ALSO ASK WHAT 443 00:17:37,856 --> 00:17:38,524 NEIGHBORHOODS DON'T HAVE THAT. 444 00:17:38,524 --> 00:17:41,794 WHAT DOES IT LOOK LIKE FOR US TO 445 00:17:41,794 --> 00:17:43,328 BUILD THE APPROPRIATE CULTURAL 446 00:17:43,328 --> 00:17:45,764 SUPPORT SO THAT, WELL, ARTS AND 447 00:17:45,764 --> 00:17:48,567 CULTURE ARE TREATED AS THAT 448 00:17:48,567 --> 00:17:49,201 SPECIFIC INFRASTRUCTURE? 449 00:17:49,201 --> 00:17:50,669 >> JUST TO FOLLOW UP, THANK YOU 450 00:17:50,669 --> 00:17:53,539 SO MUCH, AND ONE THING, AND NOT 451 00:17:53,539 --> 00:17:55,274 REALLY BE, YOU KNOW, WITH YOUR 452 00:17:55,274 --> 00:17:56,341 DEPARTMENT NECESSARILY, BUT YOU 453 00:17:56,341 --> 00:17:59,912 KNOW, ONE OF THE ISSUES THAT THE 454 00:17:59,912 --> 00:18:02,481 COLUMBIA CITY NIGHT MARKET HAS 455 00:18:02,481 --> 00:18:05,784 FACED, SO MANY PERMITTING FEES 456 00:18:05,784 --> 00:18:09,888 FROM SDOT, INSURANCE, AND OTHER 457 00:18:09,888 --> 00:18:11,590 REQUIREMENTS, AND WE DON'T, YOU 458 00:18:11,590 --> 00:18:13,525 KNOW, HAVE THE SAME FEES FOR SO 459 00:18:13,525 --> 00:18:14,960 MANY VEHICLES THAT TAKE UP 460 00:18:14,960 --> 00:18:17,196 SPACE, BUT FOR SOME REASON, WHEN 461 00:18:17,196 --> 00:18:18,197 PEDESTRIANS TAKE UP THE SPACE, 462 00:18:18,197 --> 00:18:22,968 WE START CHARGING FOR IT, AND 463 00:18:22,968 --> 00:18:26,872 ANYTHING, I WOULD BE HAPPEN TO 464 00:18:26,872 --> 00:18:27,940 PARTNER WITH YOU TO HELP 465 00:18:27,940 --> 00:18:28,974 ACTIVATE THE STREETS IN 466 00:18:28,974 --> 00:18:33,178 DIFFERENT WAYS, SO THANK YOU. 467 00:18:33,178 --> 00:18:35,080 >> THANK YOU SO MUCH 468 00:18:35,080 --> 00:18:36,048 COUNCILMEMBER LIN. I WILL TURN 469 00:18:36,048 --> 00:18:37,716 TO COLLEAGUES TO SEE IF THERE 470 00:18:37,716 --> 00:18:39,017 ARE OTHER QUESTIONS FROM 471 00:18:39,017 --> 00:18:42,121 COLLEAGUES, AND I WILL ALSO TAKE 472 00:18:42,121 --> 00:18:44,356 THIS AS AN OPPORTUNITY TO 473 00:18:44,356 --> 00:18:47,726 WELCOME COUNCILMEMBER RINCK WHO 474 00:18:47,726 --> 00:18:49,428 HAS JOINED US. COUNCILMEMBER 475 00:18:49,428 --> 00:18:49,661 RINCK? 476 00:18:49,661 --> 00:18:51,997 >> THANK YOU, CHAIR, COLLEAGUES, 477 00:18:51,997 --> 00:18:53,132 AND ACTING DIRECTOR NGUYEN FOR 478 00:18:53,132 --> 00:18:55,300 BEING HERE. I KNOW THE LAST TIME 479 00:18:55,300 --> 00:18:56,335 YOU WERE BEFORE US IN COMMITTEE, 480 00:18:56,335 --> 00:18:58,537 I HAD A FEW QUESTIONS, BUT TODAY 481 00:18:58,537 --> 00:19:00,172 I JUST HAVE COMMENTS, VERY 482 00:19:00,172 --> 00:19:01,974 POSITIVE COMMENTS, AND A LOT OF 483 00:19:01,974 --> 00:19:04,209 EXCITEMENT FOR YOU. THIS IS JUST 484 00:19:04,209 --> 00:19:08,814 SUCH AN EXCITING MOMENT, AND I 485 00:19:08,814 --> 00:19:10,249 KNOW THAT THE COMMUNITY IS 486 00:19:10,249 --> 00:19:11,450 THRILLED TO HAVE YOU IN THIS 487 00:19:11,450 --> 00:19:12,885 POSITION, READY TO HAVE YOUR 488 00:19:12,885 --> 00:19:14,520 BACK AS YOU STEP INTO THIS 489 00:19:14,520 --> 00:19:15,454 LEADERSHIP ROLE. MY STAFF IS 490 00:19:15,454 --> 00:19:18,090 TRYING TO GET SOME OF THE REALLY 491 00:19:18,090 --> 00:19:19,224 CUTE SIGNS THAT WERE PRESENT 492 00:19:19,224 --> 00:19:21,593 DURING THE LAST MEETING. I WOULD 493 00:19:21,593 --> 00:19:24,730 LOVE ONE OF THOSE WITH JUST YOUR 494 00:19:24,730 --> 00:19:33,438 FACE ON A LITTLE POPSICLE STICK. 495 00:19:33,438 --> 00:19:34,640 IT'S GREAT. JUST GIVEN YOUR 496 00:19:34,640 --> 00:19:35,674 EXPERTISE AND EXPERIENCE, I 497 00:19:35,674 --> 00:19:36,875 CAN'T IMAGINE A BETTER PERSON 498 00:19:36,875 --> 00:19:38,911 FOR THE ROLE. THE CITY NEEDS 499 00:19:38,911 --> 00:19:39,845 YOUR LEADERSHIP RIGHT NOW. I'M 500 00:19:39,845 --> 00:19:41,947 GRATEFUL TO YOU FOR STEPPING UP 501 00:19:41,947 --> 00:19:43,916 IN THIS MOMENT. YOU HAVE MY 502 00:19:43,916 --> 00:19:46,184 VOTE. I OFFER YOU MY SUPPORT AND 503 00:19:46,184 --> 00:19:47,386 ENCOURAGEMENT AS WE WORK 504 00:19:47,386 --> 00:19:48,954 TOGETHER TO DO BIG THINGS, SO 505 00:19:48,954 --> 00:19:50,622 THANK YOU. THANK YOU, CHAIR. 506 00:19:50,622 --> 00:19:54,293 >> THANK YOU SO MUCH, 507 00:19:54,293 --> 00:19:56,094 COUNCILMEMBER RINCK. COLLEAGUES, 508 00:19:56,094 --> 00:19:56,695 ANY FURTHER QUESTIONS? OKAY, 509 00:19:56,695 --> 00:19:58,230 BEFORE WE GO TO VOTE, I'M GOING 510 00:19:58,230 --> 00:20:00,365 TO ASK YOU ONE, AND I WANT TO -- 511 00:20:00,365 --> 00:20:02,434 YOU KNOW, WE HAD SOME GREAT 512 00:20:02,434 --> 00:20:04,036 PUBLIC COMMENT EARLIER TODAY 513 00:20:04,036 --> 00:20:08,540 ABOUT THE FILM COMMUNITY, AND I 514 00:20:08,540 --> 00:20:10,876 KNOW THAT JUST LAST WEEK OR TWO 515 00:20:10,876 --> 00:20:13,245 WEEKS AGO WE HAD APPOINTMENTS IN 516 00:20:13,245 --> 00:20:15,847 THE FILM POSITION IN THE 517 00:20:15,847 --> 00:20:16,448 COMMITTEE THAT COUNCILMEMBER 518 00:20:16,448 --> 00:20:18,217 RINCK CHAIRS AND IT'S TIED TO 519 00:20:18,217 --> 00:20:20,686 OED. AS WE KNOW ABOUT THE ARTS, 520 00:20:20,686 --> 00:20:23,322 ARTS ARE AN IMPORTANT PART OF 521 00:20:23,322 --> 00:20:24,756 OUR CULTURE, BUT THEY ARE ALSO 522 00:20:24,756 --> 00:20:26,291 AN IMPORTANT ECONOMIC DRIVER AND 523 00:20:26,291 --> 00:20:27,593 ENGINE, AND THERE'S CERTAINLY A 524 00:20:27,593 --> 00:20:29,995 SHARED ROLE WITH THE OFFICE OF 525 00:20:29,995 --> 00:20:31,129 ARTS AND CULTURE, OFFICE OF 526 00:20:31,129 --> 00:20:33,665 ECONOMIC DEVELOPMENT AND OTHERS. 527 00:20:33,665 --> 00:20:35,000 THAT WAS MY LONG PREAMBLE. I 528 00:20:35,000 --> 00:20:37,536 WONDER IF I CAN TURN TO YOU TO 529 00:20:37,536 --> 00:20:39,171 ASK FOR YOUR THOUGHTS ON THE 530 00:20:39,171 --> 00:20:41,006 FILM INDUSTRY AS PART OF THE 531 00:20:41,006 --> 00:20:42,341 ARTS INDUSTRY, AND I WILL ALSO 532 00:20:42,341 --> 00:20:44,343 SAY, I LOVE WHEN I GET A CHANCE 533 00:20:44,343 --> 00:20:46,678 TO HEAR YOU TALK ABOUT HOW ARTS 534 00:20:46,678 --> 00:20:47,980 FUNCTION AS AN ECONOMIC DRIVER. 535 00:20:47,980 --> 00:20:49,982 I WILL SEE IF YOU WANT TO OFFER 536 00:20:49,982 --> 00:20:51,350 ANY COMMENTS ON EITHER OF THOSE 537 00:20:51,350 --> 00:20:57,456 TWO THINGS BEFORE WE HEAD TO A 538 00:20:57,456 --> 00:21:07,566 VOTE. 539 00:21:14,106 --> 00:21:19,177 >> EXCELLENT, THANK YOU SO MUCH, 540 00:21:19,177 --> 00:21:19,711 COUNCILMEMBER FOSTER. MY 541 00:21:19,711 --> 00:21:21,813 THOUGHTS ARE SPINNING IN 542 00:21:21,813 --> 00:21:22,481 DIFFERENT DIRECTIONS. ONE, I'M 543 00:21:22,481 --> 00:21:23,315 INCREDIBLY EXCITED YOU WILL BE 544 00:21:23,315 --> 00:21:26,985 HEAR FROM SOME OF OUR INCOMING 545 00:21:26,985 --> 00:21:27,619 SEATTLE ARTS COMMISSIONERS AND 546 00:21:27,619 --> 00:21:31,089 ALSO ONE OF OUR FANTASTIC 547 00:21:31,089 --> 00:21:33,191 COCHAIRS. I LOVE OUR 548 00:21:33,191 --> 00:21:33,825 COMMISSIONER ENERGY NOW BECAUSE 549 00:21:33,825 --> 00:21:37,062 THEY ASKED EXACTLY WHAT YOU JUST 550 00:21:37,062 --> 00:21:38,397 ASKED THERE. WHY ARE WE NOT 551 00:21:38,397 --> 00:21:42,634 MEETING MORE CLOSELY WITH OTHER 552 00:21:42,634 --> 00:21:43,835 COMMISSIONS? PARTICULARLY AT THE 553 00:21:43,835 --> 00:21:46,972 INTERSECTION OF ARTS AND 554 00:21:46,972 --> 00:21:47,506 ECONOMIC DEVELOPMENT? MY 555 00:21:47,506 --> 00:21:49,007 RESPONSE EARLIER WAS, WE DON'T 556 00:21:49,007 --> 00:21:52,310 DO THIS ALONE. I DON'T TAKE ON 557 00:21:52,310 --> 00:21:54,813 THE RESPONSIBILITY OF THIS ROLE 558 00:21:54,813 --> 00:21:56,515 THINKING THEY, AS AN INDIVIDUAL, 559 00:21:56,515 --> 00:21:59,217 WILL BE THE ANSWER TO THE ARTS 560 00:21:59,217 --> 00:22:01,920 AND CULTURE SECTOR. I NEED A 561 00:22:01,920 --> 00:22:02,554 STRONG SEATTLE COMMISSIONER BASE 562 00:22:02,554 --> 00:22:03,188 BEHIND ME. WE ARE REFLECTIVE OF 563 00:22:03,188 --> 00:22:03,822 THE COMMUNITIES WE SERVE. WHAT I 564 00:22:03,822 --> 00:22:04,423 HAVE HEARD THROUGH COMMUNITY 565 00:22:04,423 --> 00:22:05,290 ENGAGEMENT SERVING ON MAYOR THE 566 00:22:05,290 --> 00:22:05,957 ONE IN WHICH EVEN THE WAY THAT 567 00:22:05,957 --> 00:22:06,992 FILM HAS BEEN SPLIT ACROSS OUR 568 00:22:06,992 --> 00:22:08,026 DEPARTMENTS, AND ASKING THAT 569 00:22:08,026 --> 00:22:10,829 QUESTION OF WHO DO I GO TO? WHO 570 00:22:10,829 --> 00:22:13,065 IS LOOKING OUT FOR ME? WHERE ARE 571 00:22:13,065 --> 00:22:15,434 MY NEEDS MET? THAT'S ONE OF THE 572 00:22:15,434 --> 00:22:17,402 MANY REASONS I'M VERY EXCITED 573 00:22:17,402 --> 00:22:19,604 TO BE ABLE TO WORK WITH THE 574 00:22:19,604 --> 00:22:21,273 INTERIM DIRECTOR AND HAVE THE 575 00:22:21,273 --> 00:22:22,708 SUPPORT OF THE MAYOR'S OFFICE. 576 00:22:22,708 --> 00:22:24,910 WE NEED TO GET IN FRONT OF 577 00:22:24,910 --> 00:22:26,211 CREATIVE ECONOMY. WE CAN NO 578 00:22:26,211 --> 00:22:28,413 LONGER HAVE THIS KIND OF EGO WAR 579 00:22:28,413 --> 00:22:30,482 OF THIS PART IS THIS AND THAT IS 580 00:22:30,482 --> 00:22:33,085 THIS, AND I'M VERY EXCITED THAT 581 00:22:33,085 --> 00:22:37,089 THE MAYOR'S OFFICE IS SO 582 00:22:37,089 --> 00:22:38,223 SUPPORTIVE IN PUSHING DIRECTOR 583 00:22:38,223 --> 00:22:41,159 YARSI AND I TO BRING OUR TEAMS 584 00:22:41,159 --> 00:22:42,828 TOGETHER, TO DEVELOP, I KNOW IT 585 00:22:42,828 --> 00:22:45,030 DOESN'T SOUND LIKE A RADICAL 586 00:22:45,030 --> 00:22:47,099 PLACE, BUT IT STARTS WITH A 587 00:22:47,099 --> 00:22:48,300 MEMORANDUM OF UNDERSTANDING SO 588 00:22:48,300 --> 00:22:54,139 WE ARE ACCOUNTABLE AND LAYING 589 00:22:54,139 --> 00:22:55,874 OUT FOR THE PUBLIC TO SUNS WHERE 590 00:22:55,874 --> 00:22:58,410 THEIR TAX DOLLARS ARE GOING AND 591 00:22:58,410 --> 00:22:59,878 WHAT ADVOCACY LOOKS LIKE, AND 592 00:22:59,878 --> 00:23:01,580 THE PROCESS IN FORM WHAT CAN WE 593 00:23:01,580 --> 00:23:05,550 DO SO THAT WE ARE NOT INVESTING 594 00:23:05,550 --> 00:23:07,619 IN PARTIAL POLICIES OR EVEN 595 00:23:07,619 --> 00:23:08,487 PARTIAL REAL ESTATE STRATEGIES. 596 00:23:08,487 --> 00:23:10,355 COMING FROM THE OFFICE OF 597 00:23:10,355 --> 00:23:11,957 PLANNING AND COMMUNITY 598 00:23:11,957 --> 00:23:12,891 DEVELOPMENT, SOMETHING THEY AM 599 00:23:12,891 --> 00:23:14,493 INCREDIBLY EXCITED ABOUT IS HOW 600 00:23:14,493 --> 00:23:17,229 WE CAN LOCATE ARTS AND CULTURE 601 00:23:17,229 --> 00:23:19,164 STRATEGIES INTO OUR REAL ESTATE 602 00:23:19,164 --> 00:23:22,367 STRATEGIES. SO MUCH ABOUT FILM 603 00:23:22,367 --> 00:23:27,739 AS ONE OF THE COMMENTERS TODAY 604 00:23:27,739 --> 00:23:32,911 NOTED IS ABOUT SPACE. HOW CAN WE 605 00:23:32,911 --> 00:23:35,580 THINK OF OUR CONVERSATIONS 606 00:23:35,580 --> 00:23:36,281 AROUND UNDERUTILIZED SPACE. 607 00:23:36,281 --> 00:23:37,516 CHANGING AROUND BIG BOX STORES 608 00:23:37,516 --> 00:23:41,253 AND ACTUALLY USE THAT AS A 609 00:23:41,253 --> 00:23:42,387 CREATIVE ECONOMY STRATEGY TO 610 00:23:42,387 --> 00:23:44,656 ATTRACT DIFFERENT INDUSTRIES? WE 611 00:23:44,656 --> 00:23:47,726 WOULDN'T BE THE FIRST TO DO 612 00:23:47,726 --> 00:23:49,828 THAT. SO MANY EXAMPLES OF OTHER 613 00:23:49,828 --> 00:23:51,229 U.S. CITIES RATHER THAN 614 00:23:51,229 --> 00:23:51,930 INVESTING IN A SPECIFIC 615 00:23:51,930 --> 00:23:54,032 TECHNOLOGY, WE CAN THINK OF THE 616 00:23:54,032 --> 00:23:57,969 INCUBATION OF AN INDUSTRY. I'M 617 00:23:57,969 --> 00:23:59,938 VERY EXCITED TO BE INVOLVED 618 00:23:59,938 --> 00:24:05,010 PREVIOUSLY IN MY CAPACITY ON THE 619 00:24:05,010 --> 00:24:06,111 NORTH AURORA PLANNING. THERE'S 620 00:24:06,111 --> 00:24:07,546 SO MUCH OPPORTUNITY AS WE THINK 621 00:24:07,546 --> 00:24:09,381 OF AURORA AND THE INDUSTRY -- AS 622 00:24:09,381 --> 00:24:11,850 A HIGH SCHOOL STUDENT, I WORKED 623 00:24:11,850 --> 00:24:15,654 AS A PRODUCTION ASSISTANT OFF OF 624 00:24:15,654 --> 00:24:18,390 AURORA FOR A NOT VERY GOOD 625 00:24:18,390 --> 00:24:21,259 TELEVISION SHOW ON PBS CALLED 626 00:24:21,259 --> 00:24:23,662 BIS KIDS, PRODUCERS OF BILL NYE 627 00:24:23,662 --> 00:24:25,497 THE SCIENCE GUY TRYING TO TEACH 628 00:24:25,497 --> 00:24:27,232 CHILDREN ABOUT FINANCIAL 629 00:24:27,232 --> 00:24:29,835 LITERACY. SORRY, THAT WAS TOO 630 00:24:29,835 --> 00:24:33,672 MUCH TO SAY. THAT WAS PART OF MY 631 00:24:33,672 --> 00:24:34,673 EXPERIENCE, CATCHING THE BUS, 632 00:24:34,673 --> 00:24:36,174 BEING A PRODUCTION ASSISTANT, 633 00:24:36,174 --> 00:24:38,944 AND SEEING THIS LIFE THAT COULD 634 00:24:38,944 --> 00:24:40,278 EXIST BEHIND THESE WINDOWLESS 635 00:24:40,278 --> 00:24:42,113 BIG BOX SPACES, SO I ASK A 636 00:24:42,113 --> 00:24:44,850 DREAM, WHAT WOULD IT LOOK LIKE 637 00:24:44,850 --> 00:24:47,219 TO CREATE A BESPOKE REAL ESTATE 638 00:24:47,219 --> 00:24:49,488 STRATEGY THAT CAN MEET OUR NEEDS 639 00:24:49,488 --> 00:24:52,123 OF FILM, BUT ALSO MEET OUR NEEDS 640 00:24:52,123 --> 00:24:53,325 OF COMMUNITY DEVELOPMENT AND 641 00:24:53,325 --> 00:24:54,259 TRANSFORMATION? I DO BELIEVE 642 00:24:54,259 --> 00:24:57,162 THAT'S POSSIBLE. WE ARE A CITY 643 00:24:57,162 --> 00:25:01,333 THAT HAS INCUBATED SO MUCH, AND 644 00:25:01,333 --> 00:25:03,568 IT'S TIME FOR FILM AND OTHER 645 00:25:03,568 --> 00:25:05,103 CREATIVE INDUSTRIES TO ALSO BE 646 00:25:05,103 --> 00:25:15,513 BROUGHT TO THAT TABLE. 647 00:25:25,557 --> 00:25:27,526 >> THANK YOU SO MUCH. I REALLY 648 00:25:27,526 --> 00:25:28,159 APPRECIATE THAT RESPONSE, AND I 649 00:25:28,159 --> 00:25:28,793 APPRECIATE GETTING A WINDOW INTO 650 00:25:28,793 --> 00:25:29,361 YOUR FANTASTIC CREATIVITY 651 00:25:29,361 --> 00:25:29,961 INTERIM DIRECTOR NGUYEN. ALL 652 00:25:29,961 --> 00:25:30,662 RIGHT, LET'S MOVE FORWARD SO I 653 00:25:30,662 --> 00:25:34,232 CAN STOP SAYING INTERIM DIRECTOR 654 00:25:34,232 --> 00:25:34,733 NGUYEN. I MOVE THAT THE 655 00:25:34,733 --> 00:25:39,070 COMMITTEE RECOMMEND CONFIRMATION 656 00:25:39,070 --> 00:25:39,704 OF APPOINTMENT 03471. IS THERE 657 00:25:39,704 --> 00:25:48,547 IS A SECOND? 658 00:25:48,547 --> 00:25:49,915 >> SECOND. 659 00:25:49,915 --> 00:25:50,215 >> SECOND. 660 00:25:50,215 --> 00:25:51,049 >> IT'S MOVED AND SECONDED TO 661 00:25:51,049 --> 00:25:51,783 RECOMMEND CONFIRMATION OF 662 00:25:51,783 --> 00:25:52,417 APPOINTMENT 03471. ARE THERE ANY 663 00:25:52,417 --> 00:25:53,051 FURTHER COMMENTS? OKAY, WILL THE 664 00:25:53,051 --> 00:25:53,652 CLERK PLEASE CALL THE ROLL ON 665 00:25:53,652 --> 00:25:54,653 THE RECOMMENDATION TO CONFIRM 666 00:25:54,653 --> 00:25:54,886 03471? 667 00:25:54,886 --> 00:25:59,391 >> COUNCILMEMBER JUAREZ? 668 00:25:59,391 --> 00:26:00,525 >> AYE. 669 00:26:00,525 --> 00:26:00,825 >> RINCK? 670 00:26:00,825 --> 00:26:04,462 >> YES. 671 00:26:04,462 --> 00:26:09,534 >> LIN. 672 00:26:09,534 --> 00:26:13,972 >> YES. 673 00:26:13,972 --> 00:26:14,272 >> FOSTER. 674 00:26:14,272 --> 00:26:21,780 >> Y'ALL WERE QUIET. [ APPLAUSE 675 00:26:21,780 --> 00:26:23,214 ] 676 00:26:23,214 --> 00:26:23,848 >> THE MOTION CARRIES, AND THE 677 00:26:23,848 --> 00:26:24,449 COMMITTEE RECOMMENDATION THAT 678 00:26:24,449 --> 00:26:25,083 CITY COUNCIL CONFIRM APPOINTMENT 679 00:26:25,083 --> 00:26:25,684 03471, THE APPOINTMENT OF AMY 680 00:26:25,684 --> 00:26:26,451 NGUYEN AS THE DIRECTOR OF THE I 681 00:26:26,451 --> 00:26:27,152 THROUGH 5. WILL THE CLERK PLEASE 682 00:26:27,152 --> 00:26:37,629 READ THEM INTO THE RECORD. 683 00:27:00,285 --> 00:27:01,686 >> AGENDA 2 TWO THROUGH FIVE. 684 00:27:01,686 --> 00:27:02,520 APPOINTMENT 03487 THROUGH 03490, 685 00:27:02,520 --> 00:27:04,589 TERA BEACH, ANNE SHUKLA, MARINA 686 00:27:04,589 --> 00:27:06,257 MARTINEZ AND RAY YANG THROUGH 687 00:27:06,257 --> 00:27:12,330 DECEMBER 31, 2027. 688 00:27:12,330 --> 00:27:12,931 >> FANTASTIC. I WOULD LIKE TO 689 00:27:12,931 --> 00:27:15,600 INVITE UP THE FOUR CANDIDATES 690 00:27:15,600 --> 00:27:18,870 AND THE DEPUTY DIRECTOR, KELLY 691 00:27:18,870 --> 00:27:19,471 DAVIDSON, AND THE COCHAIR WHO 692 00:27:19,471 --> 00:27:25,043 WILL PROVIDE A BRIEF OVERVIEW OF 693 00:27:25,043 --> 00:27:25,677 THE ARTS COMMISSION. ONCE YOU 694 00:27:25,677 --> 00:27:26,911 ARE ALL SETTLED, YOU ARE WELCOME 695 00:27:26,911 --> 00:27:27,746 TO BEGIN. IT LOOKS LIKE WE ARE 696 00:27:27,746 --> 00:27:28,346 GETTING THE SLIDES PULLED UP, 697 00:27:28,346 --> 00:27:29,848 AND AS YOU DO THAT, I WILL SAY 698 00:27:29,848 --> 00:27:35,053 WE ARE REALLY EXCITED, AND IT 699 00:27:35,053 --> 00:27:37,989 WAS A GOOD OPPORTUNITY FOR US TO 700 00:27:37,989 --> 00:27:39,324 HEAR FROM INTERIM DIRECTOR 701 00:27:39,324 --> 00:27:41,159 NGUYEN ABOUT THE ROLE OF 702 00:27:41,159 --> 00:27:43,228 COMMISSIONS. IT WAS A GREAT 703 00:27:43,228 --> 00:27:45,764 PRELUDE INTO DOING THESE 704 00:27:45,764 --> 00:27:46,364 COMMITTEE APPOINTMENTS. I'M 705 00:27:46,364 --> 00:27:46,998 REALLY EXCITED TO HAVE YOU ALL 706 00:27:46,998 --> 00:27:47,665 HERE TODAY. I WILL JUST SAY, IN 707 00:27:47,665 --> 00:27:48,266 ADVANCE, THANK YOU FOR YOUR 708 00:27:48,266 --> 00:27:48,767 SERVICE. I MYSELF WAS A 709 00:27:48,767 --> 00:27:49,334 COMMISSIONER, NOT THE ARTS 710 00:27:49,334 --> 00:27:50,001 COMMISSION, BUT I THINK IT'S AN 711 00:27:50,001 --> 00:27:50,635 IMPORTANT WAY TO ENGAGE WITH OUR 712 00:27:50,635 --> 00:27:51,269 COMMITTEES AND MAKE SURE THAT 713 00:27:51,269 --> 00:27:51,870 CITY GOVERNMENT HAS A STRONG 714 00:27:51,870 --> 00:27:52,537 BRIDGE. I'M GRATEFUL TO EACH OF 715 00:27:52,537 --> 00:27:53,104 YOU FOR YOUR WILLINGNESS TO 716 00:27:53,104 --> 00:27:57,542 SERVE. AND WE ARE GETTING THOSE 717 00:27:57,542 --> 00:27:58,910 MICS WORKING. WITH WILL BE AT 718 00:27:58,910 --> 00:28:00,211 EASE AS WE GET THE TECHNOLOGY 719 00:28:00,211 --> 00:28:10,355 SET UP. 720 00:28:29,207 --> 00:28:32,310 >> OH, IT'S ON. DO YOU WANT US 721 00:28:32,310 --> 00:28:35,246 TO JUMP IN WITH INTRODUCTIONS? 722 00:28:35,246 --> 00:28:36,681 >> THAT'S A FANTASTIC IDEA. WE 723 00:28:36,681 --> 00:28:38,917 WILL KEEP WORKING ON GETTING THE 724 00:28:38,917 --> 00:28:39,884 TECHNOLOGY GOING. WHY DON'T WE 725 00:28:39,884 --> 00:28:43,855 START DOWN AT THAT END OF THE 726 00:28:43,855 --> 00:28:47,158 TABLE, AND WE CAN HAVE SAGE COME 727 00:28:47,158 --> 00:28:56,968 OVER AND HELP WITH THE TECH. 728 00:28:56,968 --> 00:29:03,942 >> HEY, I'M RAY YANG, AND I USE 729 00:29:03,942 --> 00:29:05,944 THEY/THEM PRONOUNS, AND I'M A 730 00:29:05,944 --> 00:29:06,911 SEATTLE RESIDENT, AND I'M 731 00:29:06,911 --> 00:29:12,851 EXCITED TO BE PART OF THE 732 00:29:12,851 --> 00:29:13,151 COMMISSION. 733 00:29:13,151 --> 00:29:19,958 >> I'M MARIANA MARTINEZ, 734 00:29:19,958 --> 00:29:20,625 SHE/HER PRONOUNS. I'M EXTREMELY 735 00:29:20,625 --> 00:29:22,127 EXCITED TO BE HERE. 736 00:29:22,127 --> 00:29:28,299 >> MY NAME IS TERA BEACH. I USE 737 00:29:28,299 --> 00:29:31,402 SHE/HER PRONOUNS. I'M A 738 00:29:31,402 --> 00:29:40,745 LIFELONG SEATTLELITE AND 739 00:29:40,745 --> 00:29:41,746 CURRENTLY ON SEBATICAL. 740 00:29:41,746 --> 00:29:43,548 >> AND I'M ANNE SHUKLA. 741 00:29:43,548 --> 00:29:45,750 >> I'M KELLY DAVIDSON, THE 742 00:29:45,750 --> 00:29:50,522 DEPUTY DIRECTOR OF OFFICE OF 743 00:29:50,522 --> 00:29:51,322 ARTS AND CULTURE. 744 00:29:51,322 --> 00:29:53,758 >> I'M THE COCHAIR OF THE ARTS 745 00:29:53,758 --> 00:29:55,126 COMMISSION AND THE SENIOR DIRECT 746 00:29:55,126 --> 00:29:57,495 OF THE COMMUNITY IMPACT AND 747 00:29:57,495 --> 00:30:07,272 FRIENDS OF WATER FRONT PARK. 748 00:30:07,272 --> 00:30:08,072 >> THANK YOU. 749 00:30:08,072 --> 00:30:10,341 >> I THINK WE ARE SET HERE. CAN 750 00:30:10,341 --> 00:30:12,010 I DRIVE? I CAN. WE ARE EXCITED 751 00:30:12,010 --> 00:30:15,914 TO HAVE FOUR CANDIDATES FOR THE 752 00:30:15,914 --> 00:30:21,186 SEATTLE ARTS COMMISSION. WE WILL 753 00:30:21,186 --> 00:30:26,891 TALK ABOUT THE PROCESS AND DO AN 754 00:30:26,891 --> 00:30:27,158 OVERVIEW. 755 00:30:27,158 --> 00:30:30,962 >> WE ARE EXCITED TO BE AT THIS 756 00:30:30,962 --> 00:30:32,530 POINT. WE WERE PRESENTED WITH A 757 00:30:32,530 --> 00:30:35,733 SHORT LIST OF OVER 30, VERY 758 00:30:35,733 --> 00:30:36,501 HIGHLY QUALIFIED, STRONG 759 00:30:36,501 --> 00:30:37,402 CANDIDATES FOR THE FOUR 760 00:30:37,402 --> 00:30:41,139 POSITIONS FOR THE FIRST TIME WE 761 00:30:41,139 --> 00:30:44,442 CONDUCTED A GROUP INTERVIEW 762 00:30:44,442 --> 00:30:46,711 PROCESS, AND THEY WENT THROUGH A 763 00:30:46,711 --> 00:30:49,180 FEW MORE LAYERS THAN IN THE PAST 764 00:30:49,180 --> 00:30:50,481 OF INTERVIEWS. WE ARE EXCITED WE 765 00:30:50,481 --> 00:30:55,420 CAN SIT HERE BEFORE YOU TODAY. 766 00:30:55,420 --> 00:30:55,687 >> OKAY. 767 00:30:55,687 --> 00:30:57,989 >> I'M NOT SURE THE SLIDES ARE 768 00:30:57,989 --> 00:31:00,391 FULLY FOLLOWING ALONG. I WILL DO 769 00:31:00,391 --> 00:31:03,394 A QUICK INTRO. THE SEATTLE ARTS 770 00:31:03,394 --> 00:31:05,730 COMMISSION IS COMPRISED OF 16 771 00:31:05,730 --> 00:31:07,465 MEMBERS, COMMUNITY MEMBER 772 00:31:07,465 --> 00:31:09,968 VOLUNTEERS APPOINTED BY THE 773 00:31:09,968 --> 00:31:13,671 MAYOR AND CITY COUNCIL. 774 00:31:13,671 --> 00:31:14,772 COMMISSIONERS INCLUDE ARTISTS, 775 00:31:14,772 --> 00:31:15,406 ART PROFESSIONALS, AND OTHERS 776 00:31:15,406 --> 00:31:19,844 WITH STRONG LINKS TO THE SEATTLE 777 00:31:19,844 --> 00:31:21,946 ARTS COMMITTEE. THE COMMISSION 778 00:31:21,946 --> 00:31:23,882 CREATES ACCESS FOR EQUITABLE 779 00:31:23,882 --> 00:31:26,584 PARTICIPATION IN THE ARTS AND 780 00:31:26,584 --> 00:31:27,552 FOSTERING ARTS ENGAGEMENT FOR 781 00:31:27,552 --> 00:31:28,853 ALL RESIDENTS. THERE'S THREE 782 00:31:28,853 --> 00:31:29,887 SUBCOMMITTEES OF THE ARTS 783 00:31:29,887 --> 00:31:31,456 COMMISSION, WHICH ARE THE 784 00:31:31,456 --> 00:31:33,424 CREATIVE PLACE MAKING COMMITTEE, 785 00:31:33,424 --> 00:31:35,560 AND THE CULTURAL INVESTMENT 786 00:31:35,560 --> 00:31:43,234 COMMITTEE AND THE PUBLIC 787 00:31:43,234 --> 00:31:43,701 ADVISORY COMMITTEE. 788 00:31:43,701 --> 00:31:47,405 >> ABOUT EACH OF THE COMMITTEES, 789 00:31:47,405 --> 00:31:49,641 EACH MEMBER SITS ON AT LEAST ONE 790 00:31:49,641 --> 00:31:51,309 OF THE SUBCOMMITTEES. WORKING AT 791 00:31:51,309 --> 00:31:53,611 THE INTERSECTION OF ARTS AND 792 00:31:53,611 --> 00:31:55,847 CREATIVE ECONOMIC DEVELOPMENT TO 793 00:31:55,847 --> 00:31:56,681 ADVOCATE FOR PLACE-BASED 794 00:31:56,681 --> 00:31:59,050 COMMUNITY INVESTMENTS AND IN THE 795 00:31:59,050 --> 00:32:00,885 OFFICE OF ARTS AND CULTURE 796 00:32:00,885 --> 00:32:08,059 AROUND THE ISSUE OF CULTURE 797 00:32:08,059 --> 00:32:10,461 SPACE. THE CIC PROVIDES GUIDANCE 798 00:32:10,461 --> 00:32:14,532 ON THE GRANT PROCESSES AND 799 00:32:14,532 --> 00:32:15,800 INVESTMENT STRATEGIES AND 800 00:32:15,800 --> 00:32:17,135 ADVOCATES FOR CULTURAL 801 00:32:17,135 --> 00:32:19,671 INVESTMENTS, AND FINALLY THE 802 00:32:19,671 --> 00:32:21,973 PUBLIC ARTS ADVISORY COMMITTEE 803 00:32:21,973 --> 00:32:24,542 OR PAAC WORKS TO REMOVE PUBLIC 804 00:32:24,542 --> 00:32:26,911 ART PROJECTS AND PROGRAMS, 805 00:32:26,911 --> 00:32:28,513 DEVELOP AND AMEND THE MUNICIPAL 806 00:32:28,513 --> 00:32:30,748 ART PLAN, AND ADVOCATE FOR A 807 00:32:30,748 --> 00:32:35,353 PERCENT OF ART PROJECTS AND 808 00:32:35,353 --> 00:32:36,154 PUBLIC-PRIVATE PARTNERSHIPS. THE 809 00:32:36,154 --> 00:32:38,790 PAAC SUPPORTS THE DEVELOPMENT OF 810 00:32:38,790 --> 00:32:42,593 ART IN PUBLIC PLACES INCLUDING 811 00:32:42,593 --> 00:32:43,661 PARKS, LIBRARIES, COMMUNITY 812 00:32:43,661 --> 00:32:44,662 CENTERS, ROADWAYS, BRIDGES, AND 813 00:32:44,662 --> 00:32:46,097 OTHER VENUES FOR THE CITIZENS 814 00:32:46,097 --> 00:32:49,000 LIVES AND TO GIVE VOICE TO 815 00:32:49,000 --> 00:32:49,267 ARTISTS. 816 00:32:49,267 --> 00:32:58,343 >> WE ARE GOING TO INTRODUCE OUR 817 00:32:58,343 --> 00:33:00,345 CANDIDATES ANNE SHUKLA FROM 818 00:33:00,345 --> 00:33:01,546 ALLEN FAMILY PHILANTHROPIES WITH 819 00:33:01,546 --> 00:33:05,450 20 YEARS IN THE NONPROFIT 820 00:33:05,450 --> 00:33:12,256 SECTOR. SHE HOLD A BA IN PUBLIC 821 00:33:12,256 --> 00:33:19,330 COMMUNICATIONS. ANNE HAS SPENT 822 00:33:19,330 --> 00:33:21,566 TWO DECADES WORKING IN VARIOUS 823 00:33:21,566 --> 00:33:23,101 ROLES AND TAUGHT COURSES IN 824 00:33:23,101 --> 00:33:24,902 STRATEGIC PLANNING AND PROGRAM 825 00:33:24,902 --> 00:33:27,805 EVALUATION AT SEATTLE 826 00:33:27,805 --> 00:33:28,473 UNIVERSITY'S GRADUATE PROGRAMS 827 00:33:28,473 --> 00:33:31,309 AND ARTS FUND BOARD LEADERSHIP 828 00:33:31,309 --> 00:33:35,346 TRAINING PROGRAM. HER ART SPANS 829 00:33:35,346 --> 00:33:35,913 ORGANIZATIONAL ASSESSMENT, 830 00:33:35,913 --> 00:33:39,183 STRATEGICAL PLANNING AND IS 831 00:33:39,183 --> 00:33:41,686 GROUNDED IN THE LONG-STANDING 832 00:33:41,686 --> 00:33:43,821 ART ACCESS AND YOUTH 833 00:33:43,821 --> 00:33:44,155 DEVELOPMENT. 834 00:33:44,155 --> 00:33:47,358 >> NEXT IS MARIANA MARTINEZ, THE 835 00:33:47,358 --> 00:33:51,629 EXECUTIVE DIRECTOR OF CENTRAL 836 00:33:51,629 --> 00:33:52,897 CULTURAL AMERICANO. DEDICATED 837 00:33:52,897 --> 00:33:54,465 TWO DECADES TO LEADING POSITIVE 838 00:33:54,465 --> 00:33:57,268 CHANGE COMMITTED TO CLOSING THE 839 00:33:57,268 --> 00:33:59,303 DISPARITY GAP WITH 840 00:33:59,303 --> 00:34:00,805 DISENFRANCHISED GROUPS LOCALLY, 841 00:34:00,805 --> 00:34:02,807 NATIONALLY, AND GLOBALLY. TWO 842 00:34:02,807 --> 00:34:04,575 IMPORTANT ASPECTS HAVE BEEN HER 843 00:34:04,575 --> 00:34:07,578 WORK IN LOCAL GOVERNMENT 844 00:34:07,578 --> 00:34:10,181 ADVANCING INCLUSIVE POLICIES AND 845 00:34:10,181 --> 00:34:12,850 COMMUNITY ADVOCACY AND LARGE 846 00:34:12,850 --> 00:34:15,553 SCALE CIVIC ENGAGEMENT CREATING 847 00:34:15,553 --> 00:34:19,957 FOR EQUITABLE AND REPRESENTATIVE 848 00:34:19,957 --> 00:34:20,825 COMMUNITIES. CITIZENS, 849 00:34:20,825 --> 00:34:24,228 DIPLOMACY, MOBILIZING THE LATINO 850 00:34:24,228 --> 00:34:27,298 VOTE AND HELPING EMERGING LATINO 851 00:34:27,298 --> 00:34:27,832 LEADERS FOR CONGRESSIONAL 852 00:34:27,832 --> 00:34:28,199 OPPORTUNITIES. 853 00:34:28,199 --> 00:34:32,904 >> WE HAVE RAY YANG AS A 854 00:34:32,904 --> 00:34:42,413 NONBINARY HAYES -- NONBINARY 855 00:34:42,413 --> 00:34:45,216 ASIAN AMERICAN -- WORKING IN 856 00:34:45,216 --> 00:34:46,150 COMMUNITY CENTERS LEADING 857 00:34:46,150 --> 00:34:48,519 OUTREACH AND PROFESSIONAL 858 00:34:48,519 --> 00:34:49,353 DEVELOPMENT. TEACHING GRADUATE 859 00:34:49,353 --> 00:34:51,689 COURSES AND SERVING AS AN ARTS 860 00:34:51,689 --> 00:34:53,057 ADMINISTRATOR WITHIN PUBLIC 861 00:34:53,057 --> 00:34:56,828 SCHOOLS. THEY ARE CURRENTLY THE 862 00:34:56,828 --> 00:34:58,496 DIRECTOR OF EQUITY, DIVERSITY, 863 00:34:58,496 --> 00:35:04,268 AND INCLUSION AND SPECIAL 864 00:35:04,268 --> 00:35:05,703 INITIATIVES AND TRAINED WITH 865 00:35:05,703 --> 00:35:07,238 NATIONAL SEED PROJECT. 866 00:35:07,238 --> 00:35:09,540 >> AND FINALLY, LAST BUT NOT 867 00:35:09,540 --> 00:35:11,776 LEAST, TERA BEACH, A SEATTLE 868 00:35:11,776 --> 00:35:13,010 BASED PUBLIC AFFAIRS AND 869 00:35:13,010 --> 00:35:16,013 NONPROFIT LEADER WITH MORE THAN 870 00:35:16,013 --> 00:35:17,715 TWO DECADES EXPERIENCE INVESTING 871 00:35:17,715 --> 00:35:21,652 CULTURAL INVESTMENT, EQUITY, AND 872 00:35:21,652 --> 00:35:22,286 COMMUNITY ENGAGEMENT. LIFELONG 873 00:35:22,286 --> 00:35:26,390 IN SEATTLE, SPENT 20 YEARS IN 874 00:35:26,390 --> 00:35:29,727 THE OFFICE OF CONGRESSMAN 875 00:35:29,727 --> 00:35:31,762 McDERMOTT, ULTIMATELY SERVING AS 876 00:35:31,762 --> 00:35:34,899 DISTRICT DIRECTOR. SHE LED THE 877 00:35:34,899 --> 00:35:38,302 EFFORT TO ESTABLISH THE NGUYEN 878 00:35:38,302 --> 00:35:39,937 LUKE MUSEUM SECURING NATIONAL 879 00:35:39,937 --> 00:35:43,341 RECOGNITION FOR ASIAN AMERICAN 880 00:35:43,341 --> 00:35:44,008 CULTURAL PRESERVATION. SHE 881 00:35:44,008 --> 00:35:45,476 PREVIOUSLY SERVED AS EXECUTIVE 882 00:35:45,476 --> 00:35:46,878 DIRECTOR OF SPECTRUM DANCE 883 00:35:46,878 --> 00:35:48,179 THEATER AND CONTINUES TO SUPPORT 884 00:35:48,179 --> 00:35:50,982 THE ROLE OF ARTS AND CULTURE IN 885 00:35:50,982 --> 00:35:51,816 SEATTLE'S CIVIC WAY. 886 00:35:51,816 --> 00:35:54,252 >> WE ARE VERY EXCITED ABOUT OUR 887 00:35:54,252 --> 00:35:55,119 NEW COMMISSIONERS AND EXPERIENCE 888 00:35:55,119 --> 00:35:56,587 THEY BRING, AND WE ARE HAPPY TO 889 00:35:56,587 --> 00:36:02,126 ANSWER ANY QUESTIONS YOU MAY 890 00:36:02,126 --> 00:36:05,062 HAVE IF YOU WANT TO 891 00:36:05,062 --> 00:36:07,231 >> THANK YOU, FIRST, LET ME SAY, 892 00:36:07,231 --> 00:36:08,699 HOW LUCKY ARE WE? IT'S A 893 00:36:08,699 --> 00:36:10,368 PLEASURE TO HEAR ABOUT THE DEPTH 894 00:36:10,368 --> 00:36:12,370 OF THE EXPERIENCE EACH OF YOU 895 00:36:12,370 --> 00:36:14,505 BRINGS. I FEEL REALLY -- I SAID 896 00:36:14,505 --> 00:36:17,141 IT BEFORE WHEN WE READ YOUR 897 00:36:17,141 --> 00:36:18,910 BIOS. I FEEL HONORED EACH OF YOU 898 00:36:18,910 --> 00:36:20,144 WOULD CHOOSE TO ENGAGE IN PUBLIC 899 00:36:20,144 --> 00:36:22,780 SERVICE IN THIS WAY. I WANT TO 900 00:36:22,780 --> 00:36:23,614 EXPRESS MY APPRECIATION FOR YOUR 901 00:36:23,614 --> 00:36:25,516 PREVIOUS WORK AND FOR ALL OF THE 902 00:36:25,516 --> 00:36:27,685 WORK THAT IS YET TO COME WITH 903 00:36:27,685 --> 00:36:30,821 THIS ITERATION OF THE ARTS 904 00:36:30,821 --> 00:36:31,489 COMMISSION. JUST REALLY, REALLY 905 00:36:31,489 --> 00:36:33,691 WANT TO EXPRESS MY APPRECIATION. 906 00:36:33,691 --> 00:36:34,625 COLLEAGUES, I WILL TURN TO YOU 907 00:36:34,625 --> 00:36:37,562 TO SEE IF YOU HAVE ANY QUESTIONS 908 00:36:37,562 --> 00:36:48,105 FOR OUR APPOINTEES OR NOMINEES 909 00:36:48,873 --> 00:36:49,407 RATHER. COUNCILMEMBER RINCK? 910 00:36:49,407 --> 00:36:51,108 >> THANK YOU, CHAIR. THANK YOU 911 00:36:51,108 --> 00:36:52,877 ALL FOR VOLUNTEERING YOUR TIME 912 00:36:52,877 --> 00:36:54,412 TO SERVE ON THIS COMMISSION AND 913 00:36:54,412 --> 00:36:56,380 THANK YOU FOR YOUR WORK IN THE 914 00:36:56,380 --> 00:36:58,583 COMMUNITY. I WOULD ECHO WHAT THE 915 00:36:58,583 --> 00:36:59,917 CHAIR STATED. YOU HAVE ALL BEEN 916 00:36:59,917 --> 00:37:00,818 INCREDIBLE LEADERS IN THE 917 00:37:00,818 --> 00:37:02,286 COMMUNITY, AND I FEEL LUCKY YOU 918 00:37:02,286 --> 00:37:03,421 WILL ALL BE JOINING THE 919 00:37:03,421 --> 00:37:05,856 COMMISSION. A QUESTION FOR ALL 920 00:37:05,856 --> 00:37:07,592 OF THE PROPOSED APPOINTEES, AND 921 00:37:07,592 --> 00:37:09,493 WE HEARD IT MENTIONED A LITTLE 922 00:37:09,493 --> 00:37:11,829 BIT IN THE APPOINTMENT PROCESS 923 00:37:11,829 --> 00:37:12,964 FOR THE INTERIM DIRECTOR 924 00:37:12,964 --> 00:37:14,031 PREVIOUSLY, BUT SOME DISCUSSION 925 00:37:14,031 --> 00:37:15,733 ABOUT WHAT IT MEANS TO BE A 926 00:37:15,733 --> 00:37:17,902 WORKING ARTIST IN THE CITY AND 927 00:37:17,902 --> 00:37:19,870 HAVE A SUSTAINABLE CAREER IN THE 928 00:37:19,870 --> 00:37:24,141 ARTS. I'M WONDERING IF YOU CAN 929 00:37:24,141 --> 00:37:28,479 SPEAK TO A LITTLE BIT ABOUT WHAT 930 00:37:28,479 --> 00:37:30,448 YOU BELIEVE THE CITY CAN DO IN 931 00:37:30,448 --> 00:37:32,183 BUILDING SUSTAINABLE CAREERS IN 932 00:37:32,183 --> 00:37:33,351 THE ECONOMY, ARTS AND CULTURE 933 00:37:33,351 --> 00:37:35,453 WORK AND HOW YOU WOULD LIKE TO 934 00:37:35,453 --> 00:37:36,854 BRING YOUR ADVOCACY FOR THAT TO 935 00:37:36,854 --> 00:37:45,563 THE COMMISSION. 936 00:37:45,563 --> 00:37:46,564 >> DO YOU WANT TO START? 937 00:37:46,564 --> 00:37:49,667 >> THANK YOU SO MUCH FOR THE 938 00:37:49,667 --> 00:37:50,568 QUESTION. OKAY. I WILL START. 939 00:37:50,568 --> 00:37:53,471 WELL, FIRST IT IS A PRIVILEGE TO 940 00:37:53,471 --> 00:37:54,839 BE HERE. I THINK VOLUNTEERING 941 00:37:54,839 --> 00:37:56,407 TIME, I THINK IT IS ABSOLUTELY A 942 00:37:56,407 --> 00:38:02,947 PRIVILEGE TO BE ABLE TO PROVIDE 943 00:38:02,947 --> 00:38:04,715 OR GIVE AND CONTRIBUTE WITH OUR 944 00:38:04,715 --> 00:38:07,151 SKILLS. I THINK THIS POSITION, I 945 00:38:07,151 --> 00:38:12,123 SEE IT AS A BRIDGE, AND 946 00:38:12,123 --> 00:38:13,291 ABSOLUTELY A POSITION OF 947 00:38:13,291 --> 00:38:14,625 ADVOCACY, ENSURING WE ARE 948 00:38:14,625 --> 00:38:17,628 REFLECTING THE COMMUNITIES THAT 949 00:38:17,628 --> 00:38:19,497 WE SERVE. SO TO ME, WE START 950 00:38:19,497 --> 00:38:21,232 WITH HEARING THE VOICES OF THE 951 00:38:21,232 --> 00:38:22,967 PEOPLE WE SERVE, NOT JUST THAT 952 00:38:22,967 --> 00:38:24,635 WE REFLECT THE CITY OR THE 953 00:38:24,635 --> 00:38:25,536 POPULATION THAT WE SERVE, BUT 954 00:38:25,536 --> 00:38:27,371 ALSO WHO IS AT THE TABLE AND HOW 955 00:38:27,371 --> 00:38:34,545 ARE WE HEARING AND WHAT ARE WE 956 00:38:34,545 --> 00:38:36,614 DOING? AS WE HEARD EARLIER, I 957 00:38:36,614 --> 00:38:38,182 THINK UNDERSTANDING THE 958 00:38:38,182 --> 00:38:38,849 DIFFERENT INTERSECTIONS IS 959 00:38:38,849 --> 00:38:40,418 PRIORITY. WE CAN'T DO THIS 960 00:38:40,418 --> 00:38:41,852 ALONE. AS MUCH TALENT AS WE CAN 961 00:38:41,852 --> 00:38:43,254 BRING TO THE TABLE, IT'S 962 00:38:43,254 --> 00:38:44,322 IMPORTANT WE WORK WITH DIFFERENT 963 00:38:44,322 --> 00:38:45,623 DEPARTMENTS. I WOULD SAY AT THE 964 00:38:45,623 --> 00:38:48,859 CORE OF ARTS AND CULTURE IS A 965 00:38:48,859 --> 00:38:51,262 DOOR TO CIVIC ENGAGEMENT AND 966 00:38:51,262 --> 00:38:54,598 DEMOCRACY. I DO SEE THIS AS AN 967 00:38:54,598 --> 00:38:55,533 OPPORTUNITY TO NOT JUST LISTEN, 968 00:38:55,533 --> 00:38:57,468 BUT START THERE AND MOVE INTO 969 00:38:57,468 --> 00:38:58,869 ACTION. WE ARE NOT ALONE, SO I 970 00:38:58,869 --> 00:39:00,905 DON'T THINK -- I THINK IT'S 971 00:39:00,905 --> 00:39:03,641 ABOUT HOW WE CAN COLLABORATE 972 00:39:03,641 --> 00:39:06,844 WITH DIFFERENT DEPARTMENTS AND 973 00:39:06,844 --> 00:39:08,479 HOW WE CAN ENSURE THAT OUR 974 00:39:08,479 --> 00:39:09,613 COMMUNITIES ARE REFLECTED IN THE 975 00:39:09,613 --> 00:39:10,514 WORK THAT WE DO. THANK YOU. 976 00:39:10,514 --> 00:39:14,385 >> THANK YOU. 977 00:39:14,385 --> 00:39:17,555 >> I FEEL VERY LUCKY TO BE 978 00:39:17,555 --> 00:39:19,523 SITTING HERE IN SUCH ESTEEMED 979 00:39:19,523 --> 00:39:21,358 COMPANY. I THINK ONE THING THAT 980 00:39:21,358 --> 00:39:23,260 COMES TO MIND FOR ME AS SPENDING 981 00:39:23,260 --> 00:39:24,628 MY CAREER TRYING TO UNDERSTAND 982 00:39:24,628 --> 00:39:28,499 AND EVALUATE THE IMPACT OF THE 983 00:39:28,499 --> 00:39:34,438 ARTS IS THAT THERE'S SO MANY 984 00:39:34,438 --> 00:39:34,972 BENEFITS HEARD. WE HEARD 985 00:39:34,972 --> 00:39:36,907 DIRECTOR NGUYEN SPEAK ABOUT 986 00:39:36,907 --> 00:39:39,310 ECONOMIC DRIVERS. WE KNOW ANYONE 987 00:39:39,310 --> 00:39:41,612 WHO HAS EXPERIENCED THE ARTS, 988 00:39:41,612 --> 00:39:43,247 THERE'S CERTAINLY INNER 989 00:39:43,247 --> 00:39:44,115 PERSONAL BENEFITS OF 990 00:39:44,115 --> 00:39:46,250 PARTICIPATING IN THE ARTS AND 991 00:39:46,250 --> 00:39:47,718 COMMUNITY AND CULTURAL BENEFITS. 992 00:39:47,718 --> 00:39:48,619 ONE THING THEY GRAPPLE WITH A 993 00:39:48,619 --> 00:39:50,221 LOT IS HOW TO MAKE SURE THAT 994 00:39:50,221 --> 00:39:52,289 EVERYONE HAS ACCESS TO THE 995 00:39:52,289 --> 00:39:54,692 BENEFITS, UNDERSTANDING THAT THE 996 00:39:54,692 --> 00:39:57,027 ARTS CAN IMPACT INDIVIDUALS 997 00:39:57,027 --> 00:39:58,496 DIFFERENTLY, AND SO, WHAT IS 998 00:39:58,496 --> 00:40:00,898 THAT UNDERLYING FACTOR THAT 999 00:40:00,898 --> 00:40:01,398 MEANS ARTISTS CAN HAVE 1000 00:40:01,398 --> 00:40:03,367 OPPORTUNITIES TO WORK IN THE 1001 00:40:03,367 --> 00:40:05,302 COMMUNITIES WHERE THEY LIVE AND 1002 00:40:05,302 --> 00:40:07,138 THAT FOLKS HAVE OPPORTUNITIES TO 1003 00:40:07,138 --> 00:40:10,341 ACCESS ART THAT IS RELEVANT AND 1004 00:40:10,341 --> 00:40:11,976 IMPORTANT TO THEM AND WHERE ARE 1005 00:40:11,976 --> 00:40:12,877 THE ORGANIZATIONS THAT ARE 1006 00:40:12,877 --> 00:40:15,413 SUPPORTING AND KIND OF THE 1007 00:40:15,413 --> 00:40:18,716 BACKBONE THAT ALLOWS FOLKS TO BE 1008 00:40:18,716 --> 00:40:20,251 ABLE TO ACCESS THE 1009 00:40:20,251 --> 00:40:21,418 OPPORTUNITIES. SO TO ME, IT 1010 00:40:21,418 --> 00:40:22,720 REALLY COMES DOWN TO ACCESS, AND 1011 00:40:22,720 --> 00:40:24,755 HOW DO WE LOOK AT BARRIERS TO 1012 00:40:24,755 --> 00:40:26,824 THE ACCESS IN THE ARTS AND HOW 1013 00:40:26,824 --> 00:40:28,192 DO WE BREAK THOSE DOWN FOR THE 1014 00:40:28,192 --> 00:40:29,527 FOLKS IN OUR COMMUNITY? 1015 00:40:29,527 --> 00:40:31,228 >> I THINK FOR ME, HAVING 1016 00:40:31,228 --> 00:40:32,596 GOVERNMENTAL EXPERIENCE AS WELL 1017 00:40:32,596 --> 00:40:34,431 AS BEING THE EXECUTIVE DIRECTOR 1018 00:40:34,431 --> 00:40:38,736 OF A NONPROFIT THAT HIRED 1019 00:40:38,736 --> 00:40:41,272 ARTISTS, AT SPECTRUM DANCE 1020 00:40:41,272 --> 00:40:43,574 THEATER, WE HAD OUR DANCE 1021 00:40:43,574 --> 00:40:44,742 COMPANY AS INDEPENDENT 1022 00:40:44,742 --> 00:40:47,711 CONTRACTORS, AND REALLY THINKING 1023 00:40:47,711 --> 00:40:49,780 ABOUT THE ARTISTS AS 1024 00:40:49,780 --> 00:40:52,283 INDIVIDUALS, AND LIVABILITY, 1025 00:40:52,283 --> 00:40:56,053 WAGES AND HAVING ALSO WORKED FOR 1026 00:40:56,053 --> 00:40:58,189 JIM McDERMOTT AS LONG AS I DID, 1027 00:40:58,189 --> 00:41:00,825 I REALLY THINK ABOUT HEALTH CARE 1028 00:41:00,825 --> 00:41:01,926 FOR ARTISTS. IF THEY ARE NOT 1029 00:41:01,926 --> 00:41:03,861 HEALTHY AND WE ARE NOT TAKING 1030 00:41:03,861 --> 00:41:08,866 CARE OF THEM, THEY CAN'T DO 1031 00:41:08,866 --> 00:41:10,434 THEIR JOB. IF THEY ARE NOT DOING 1032 00:41:10,434 --> 00:41:14,805 THEIR JOB, THEY ARE NOT MAKING A 1033 00:41:14,805 --> 00:41:17,741 LIVING. THE ENTIRE SYSTEM IS 1034 00:41:17,741 --> 00:41:18,275 COMPLICATED, RIGHT? AND 1035 00:41:18,275 --> 00:41:20,044 RESOURCES ONLY GO SO FAR, BUT I 1036 00:41:20,044 --> 00:41:24,048 THINK THAT IF WE REALLY THINK 1037 00:41:24,048 --> 00:41:27,818 ABOUT HOW TO EMBRACE THE 1038 00:41:27,818 --> 00:41:33,524 COMMUNITY AS INDIVIDUAL ARTISTS, 1039 00:41:33,524 --> 00:41:35,559 EMBRACE THEIR WORK, AND REALLY 1040 00:41:35,559 --> 00:41:36,360 ELEVATE THEM AS TRUE 1041 00:41:36,360 --> 00:41:37,361 PROFESSIONALS AS THEY ARE IS 1042 00:41:37,361 --> 00:41:40,064 SOMETHING I THINK ABOUT QUITE A 1043 00:41:40,064 --> 00:41:41,265 BIT. I'M EXCITED TO BE HERE 1044 00:41:41,265 --> 00:41:43,734 WITH EVERYONE AND EXCITED FOR 1045 00:41:43,734 --> 00:41:44,368 THE LEADERSHIP OF THE INCOMING 1046 00:41:44,368 --> 00:41:46,604 DIRECTOR NGUYEN, AND THANK YOU 1047 00:41:46,604 --> 00:41:48,239 FOR YOUR TIME. 1048 00:41:48,239 --> 00:41:48,606 >> THANK YOU. 1049 00:41:48,606 --> 00:41:50,207 >> YES, THANK YOU SO MUCH FOR 1050 00:41:50,207 --> 00:41:51,208 THIS OPPORTUNITY AND THIS CHANCE 1051 00:41:51,208 --> 00:41:53,878 TO BE ABLE TO SERVE THE CITY AND 1052 00:41:53,878 --> 00:41:56,380 TO WORK IN THE ARTS. YOU KNOW, 1053 00:41:56,380 --> 00:41:58,449 MY BACKGROUND IS PRIMARILY AS AN 1054 00:41:58,449 --> 00:42:00,284 EDUCATOR AND AS AN ARTS 1055 00:42:00,284 --> 00:42:01,485 EDUCATOR, WORKED AS A TEACHING 1056 00:42:01,485 --> 00:42:02,987 ARTIST IN A LOT OF DIFFERENT 1057 00:42:02,987 --> 00:42:06,690 SPACES, AND WITH THAT IN MIND, I 1058 00:42:06,690 --> 00:42:08,826 JUST THINK OFTEN TIMES ABOUT HOW 1059 00:42:08,826 --> 00:42:10,194 ARTISTS ARE GOING TO CONNECT 1060 00:42:10,194 --> 00:42:13,097 WITH YOUTH AND ESPECIALLY FOR 1061 00:42:13,097 --> 00:42:14,398 MANY ARTISTS, THEY BECOME 1062 00:42:14,398 --> 00:42:16,767 TEACHING ARTISTS IN ORDER TO 1063 00:42:16,767 --> 00:42:17,801 SUPPORT THEMSELVES AS ARTISTS AT 1064 00:42:17,801 --> 00:42:19,870 THE SAME TIME. WHERE ARE THE 1065 00:42:19,870 --> 00:42:22,006 INVESTMENTS TO BE ABLE TO 1066 00:42:22,006 --> 00:42:24,308 SUPPORT THOSE ARTIST EDUCATORS, 1067 00:42:24,308 --> 00:42:25,109 TEACHING ARTISTS, ART TEACHERS, 1068 00:42:25,109 --> 00:42:26,911 HOWEVER YOU WANT TO CALL IT OR 1069 00:42:26,911 --> 00:42:28,679 FRAME IT, AND REALLY, YOU KNOW 1070 00:42:28,679 --> 00:42:29,580 PROVIDE THEM WITH THE RESOURCES 1071 00:42:29,580 --> 00:42:32,283 TO BE A ABLE TO DO THE GOOD WORK 1072 00:42:32,283 --> 00:42:33,984 THEY ARE DOING AS ARTISTS, AND 1073 00:42:33,984 --> 00:42:35,819 ALSO, I DO THINK IT'S SO 1074 00:42:35,819 --> 00:42:38,722 IMPORTANT THAT ARTISTS ARE BEING 1075 00:42:38,722 --> 00:42:42,192 CONNECTED TO YOUTH WHETHER K-12 1076 00:42:42,192 --> 00:42:42,726 COMMUNITIES OR FAMILIES. 1077 00:42:42,726 --> 00:42:45,162 BECAUSE, YOU KNOW, THERE'S -- I 1078 00:42:45,162 --> 00:42:48,332 THINK SUCH A MISCONCEPTION 1079 00:42:48,332 --> 00:42:50,200 STILL, BROADLY, IN SOCIETY 1080 00:42:50,200 --> 00:42:53,737 AROUND ARTISTS AS STARVING 1081 00:42:53,737 --> 00:42:54,705 ARTISTS, AND THERE'S NOT AN 1082 00:42:54,705 --> 00:42:56,540 UNDERSTANDING OF HOW ARTISTS AND 1083 00:42:56,540 --> 00:42:58,142 CREATIVES WORK ACROSS ALL FIELDS 1084 00:42:58,142 --> 00:42:59,643 AND INDUSTRIES AND CREATE SKILLS 1085 00:42:59,643 --> 00:43:03,581 THAT ARE SO IMPORTANT AND SO 1086 00:43:03,581 --> 00:43:05,015 VITAL, AND SO, YEAH, WHAT ARE 1087 00:43:05,015 --> 00:43:06,317 THE INVESTMENTS THAT WE CAN MAKE 1088 00:43:06,317 --> 00:43:09,853 AS A CITY IN ORDER TO SUPPORT 1089 00:43:09,853 --> 00:43:11,789 THOSE TEACHING ARTISTS AND ALSO 1090 00:43:11,789 --> 00:43:13,257 CLASSROOM TEACHERS WHO ARE 1091 00:43:13,257 --> 00:43:15,726 TEACHING AROUND THE ARTS? 1092 00:43:15,726 --> 00:43:17,594 >> THANK YOU ALL. I REALLY 1093 00:43:17,594 --> 00:43:19,096 APPRECIATED THE ANSWERS TO THE 1094 00:43:19,096 --> 00:43:21,031 QUESTIONS, AND SO EXCITED TO 1095 00:43:21,031 --> 00:43:21,932 MOVE THE APPOINTMENTS FORWARD. 1096 00:43:21,932 --> 00:43:24,969 THANK YOU FOR BEING HERE. THANK 1097 00:43:24,969 --> 00:43:27,905 YOU, CHAIR. 1098 00:43:27,905 --> 00:43:33,377 >> THANK YOU. COLLEAGUES ANY 1099 00:43:33,377 --> 00:43:33,978 FURTHER QUESTIONS? ALL RIGHT, 1100 00:43:33,978 --> 00:43:34,712 FANTASTIC. WITH THAT, WE WILL 1101 00:43:34,712 --> 00:43:37,281 MOVE ON WITH A VOTE TO OUR 1102 00:43:37,281 --> 00:43:37,982 APPOINTMENTS. CLERK, CAN YOU 1103 00:43:37,982 --> 00:43:41,852 PLEASE CALL THE ROLL? DO I NEED 1104 00:43:41,852 --> 00:43:45,756 TO MOVE IT? SORRY, I LOST MY 1105 00:43:45,756 --> 00:43:51,428 PAGE. ONE SECOND. WITH THAT, I 1106 00:43:51,428 --> 00:43:53,230 RECOMMEND CONFIRMATION OF 03487 1107 00:43:53,230 --> 00:43:56,734 THROUGH 03490. IS THERE A 1108 00:43:56,734 --> 00:43:56,967 SECOND? 1109 00:43:56,967 --> 00:43:57,267 >> SECOND. 1110 00:43:57,267 --> 00:43:59,803 >> ALL RIGHT, MOVED AND SECONDED 1111 00:43:59,803 --> 00:44:02,940 TO RECOMMEND CONFIRMATION OF THE 1112 00:44:02,940 --> 00:44:03,807 APPOINTMENTS. ANY FURTHER 1113 00:44:03,807 --> 00:44:05,376 COMMENTS? WILL THE CLERK CALL 1114 00:44:05,376 --> 00:44:09,413 THE ROLE ON THE CONFIRMATION OF 1115 00:44:09,413 --> 00:44:09,747 APPOINTMENTS? 1116 00:44:09,747 --> 00:44:10,748 >> COUNCILMEMBER JUAREZ? 1117 00:44:10,748 --> 00:44:11,615 >> AYE. 1118 00:44:11,615 --> 00:44:12,116 >> RINCK? 1119 00:44:12,116 --> 00:44:12,850 >> YES. 1120 00:44:12,850 --> 00:44:13,650 >> LIN? 1121 00:44:13,650 --> 00:44:13,951 >> YES. 1122 00:44:13,951 --> 00:44:15,352 >> CHAIR FOSTER? 1123 00:44:15,352 --> 00:44:16,553 >> YES. 1124 00:44:16,553 --> 00:44:21,325 >> THERE FOUR IN FAVOR, NONE 1125 00:44:21,325 --> 00:44:23,027 OPPOSED. 1126 00:44:23,027 --> 00:44:23,894 >> FANTASTIC. MOTION CARRIES. 1127 00:44:23,894 --> 00:44:28,365 THANK YOU, MOTION CARRIES, AND 1128 00:44:28,365 --> 00:44:31,201 THE COMMITTEE RECOMMENDATIONS 1129 00:44:31,201 --> 00:44:34,104 WILL BE SENT TO THE SEATTLE CITY 1130 00:44:34,104 --> 00:44:35,572 COUNCIL MEETING. OUR NEXT ITEMS 1131 00:44:35,572 --> 00:44:37,608 OF BUSINESS. 6 THROUGH 12. WILL 1132 00:44:37,608 --> 00:44:40,310 THE CLERK READ 6 THROUGH 12 INTO 1133 00:44:40,310 --> 00:44:40,611 THE RECORD? 1134 00:44:40,611 --> 00:44:49,920 >> AGENDA 6 THROUGH 12 1135 00:44:49,920 --> 00:44:58,062 APPOINTMENT 03480 THROUGH 03486 1136 00:44:58,062 --> 00:45:04,568 OF ELISABETH BENHAM, AYALA THAT 1137 00:45:04,568 --> 00:45:07,371 DIGGS, SASHA WASSERSTROM, AND 1138 00:45:07,371 --> 00:45:07,738 ANDREW ASHIOFU. 1139 00:45:07,738 --> 00:45:10,074 >> I INVITE YOU TO THE TABLE FOR 1140 00:45:10,074 --> 00:45:13,210 THE BRIEF OVERVIEW OF THE 1141 00:45:13,210 --> 00:45:14,511 COMMISSION, AND ELISABETH 1142 00:45:14,511 --> 00:45:17,147 BENHAM, ONE OF THE CANDIDATES. 1143 00:45:17,147 --> 00:45:19,116 ONCE YOU ARE SETTLED, LET US 1144 00:45:19,116 --> 00:45:21,552 KNOW IF YOU ARE SUPPORT. NO 1145 00:45:21,552 --> 00:45:21,785 SLIDES? 1146 00:45:21,785 --> 00:45:22,953 >> NO SLIDES. 1147 00:45:22,953 --> 00:45:24,621 >> WELCOME LAURA AND ELISABETH. 1148 00:45:24,621 --> 00:45:27,124 >> OKAY, GREAT. THANK YOU SO 1149 00:45:27,124 --> 00:45:28,392 MUCH, COMMITTEE CHAIR FOSTER AND 1150 00:45:28,392 --> 00:45:29,626 THE REST OF THE MEMBERS FOR 1151 00:45:29,626 --> 00:45:34,031 HAVING US TODAY. I AM LAURA 1152 00:45:34,031 --> 00:45:38,335 JENKINS, AND SHE/HER PRONOUNS, 1153 00:45:38,335 --> 00:45:40,804 AND CIVIC ENGAGEMENT 1154 00:45:40,804 --> 00:45:42,306 COORDINATOR. I STAFF THE 1155 00:45:42,306 --> 00:45:44,007 PEOPLE'S ACADEMY FOR COMMUNITY 1156 00:45:44,007 --> 00:45:45,309 ENGAGEMENT AND RENTERS 1157 00:45:45,309 --> 00:45:46,710 COMMISSION. I WILL PROVIDE A 1158 00:45:46,710 --> 00:45:47,511 LITTLE BACKGROUND ABOUT THE 1159 00:45:47,511 --> 00:45:48,979 RENTERS COMMISSION, AND THEN WE 1160 00:45:48,979 --> 00:45:51,482 WILL GET INTO MORE INFORMATION 1161 00:45:51,482 --> 00:45:52,916 ABOUT THE NEW APPOINTEES. SO TO 1162 00:45:52,916 --> 00:45:55,953 START OFF, THOUGH, I DID JUST 1163 00:45:55,953 --> 00:45:57,221 WANT TO THANK YOU, COMMITTEE 1164 00:45:57,221 --> 00:46:00,290 CHAIR FOSTER AND YOUR STAFF FOR 1165 00:46:00,290 --> 00:46:01,191 MOVING FORWARD THESE 1166 00:46:01,191 --> 00:46:03,127 APPOINTMENTS SO QUICKLY AND JUST 1167 00:46:03,127 --> 00:46:03,961 REALLY APPRECIATE THE 1168 00:46:03,961 --> 00:46:05,729 PARTNERSHIP ON THIS. ALSO, THANK 1169 00:46:05,729 --> 00:46:07,264 YOU TO THE MAYOR'S OFFICE AS 1170 00:46:07,264 --> 00:46:10,701 WELL FOR MOVING FORWARD THEIR 1171 00:46:10,701 --> 00:46:14,204 APPOINTMENTS. SO THE CITY OF 1172 00:46:14,204 --> 00:46:16,640 SEATTLE ESTABLISHED THE SEATTLE 1173 00:46:16,640 --> 00:46:17,307 RENTER'S COMMISSION IN 2017. 1174 00:46:17,307 --> 00:46:19,143 THE 15-MEMBER COMMISSION IS 1175 00:46:19,143 --> 00:46:20,878 RESPONSIBLE FOR PROVIDING 1176 00:46:20,878 --> 00:46:25,749 INFORMATION, ADVICE, AND COUNSEL 1177 00:46:25,749 --> 00:46:28,585 TO THE MAYOR AND DEPARTMENTS 1178 00:46:28,585 --> 00:46:30,287 CONCERNING ISSUES AND POLICIES 1179 00:46:30,287 --> 00:46:31,188 AFFECTING RENTERS. UNTIL 1180 00:46:31,188 --> 00:46:33,257 OPERATION OF SOCIAL HOUSING 1181 00:46:33,257 --> 00:46:35,959 BEGINS, THE RENTERS' COMMISSION 1182 00:46:35,959 --> 00:46:38,428 ALSO MAKES APPOINTMENTS TO SEVEN 1183 00:46:38,428 --> 00:46:40,063 SEATS ON THE SEATTLE HOUSING 1184 00:46:40,063 --> 00:46:41,832 SOCIAL BOARD AS NEEDED. ALL 1185 00:46:41,832 --> 00:46:46,737 MEMBERS OF THE COMMISSION MUST 1186 00:46:46,737 --> 00:46:48,472 BE RENTERS IN SEATTLE AT THE 1187 00:46:48,472 --> 00:46:49,806 TIME OF APPOINTMENT AND 1188 00:46:49,806 --> 00:46:52,276 THROUGHOUT THEIR TERMS. FOR A 1189 00:46:52,276 --> 00:46:54,378 PROLONGED PERIOD, THERE WAS A -- 1190 00:46:54,378 --> 00:46:55,379 THERE WEREN'T APPOINTMENTS 1191 00:46:55,379 --> 00:46:56,813 MOVING FORWARD FOR THE 1192 00:46:56,813 --> 00:47:01,985 COMMISSION, AND SO THERE WAS 1193 00:47:01,985 --> 00:47:07,791 REALLY LOW CAPACITY. IN JULY 1194 00:47:07,791 --> 00:47:12,729 LAST YEAR, THERE WAS A BUNCH OF 1195 00:47:12,729 --> 00:47:13,564 APPOINTMENTS THAT WERE MOVED 1196 00:47:13,564 --> 00:47:16,333 FORWARD. THANK YOU FOR THAT. 1197 00:47:16,333 --> 00:47:19,069 SINCE THEM, THE COMMISSION HAS 1198 00:47:19,069 --> 00:47:21,905 BEEN BUILDING CAPACITY, AND MORE 1199 00:47:21,905 --> 00:47:24,575 RECENTLY THEY HAVE ESTABLISHED 1200 00:47:24,575 --> 00:47:26,143 COMMITTEES WHICH INCLUDE A 1201 00:47:26,143 --> 00:47:28,612 PARTNERSHIPS AND RELATIONSHIPS 1202 00:47:28,612 --> 00:47:29,813 COMMITTEE, OUTREACH AND 1203 00:47:29,813 --> 00:47:31,148 ENGAGEMENT, ADVOCACY AND POLICY, 1204 00:47:31,148 --> 00:47:32,516 COMMISSION DEVELOPMENT, AND THEN 1205 00:47:32,516 --> 00:47:35,018 THERE'S ALSO AN EXECUTIVE 1206 00:47:35,018 --> 00:47:35,619 COMMITTEE THAT IS MADE UP OF 1207 00:47:35,619 --> 00:47:36,987 PEOPLE FROM EACH OF THE 1208 00:47:36,987 --> 00:47:38,755 COMMITTEES AND THE TWO COCHAIRS 1209 00:47:38,755 --> 00:47:40,691 ADDS WELL. AND ONE OF THE RULES 1210 00:47:40,691 --> 00:47:43,527 OF THOSE COMMITTEES AS THEY ARE 1211 00:47:43,527 --> 00:47:46,697 BEING ESTABLISHED IS TO ALSO 1212 00:47:46,697 --> 00:47:48,298 MAKE RECOMMENDATIONS AROUND THE 1213 00:47:48,298 --> 00:47:49,800 $50,000 THAT COUNCILMEMBER 1214 00:47:49,800 --> 00:47:52,002 JUAREZ PUT FORWARD IN AN 1215 00:47:52,002 --> 00:47:53,036 AMENDMENT LAST YEAR FOR 1216 00:47:53,036 --> 00:47:54,871 STRATEGIC PLAN BY THE END OF 1217 00:47:54,871 --> 00:47:57,307 2026, SO THAT IS SOME OF THEIR 1218 00:47:57,307 --> 00:47:59,776 MORE LIKE CURRENT WORK ITEMS, 1219 00:47:59,776 --> 00:48:00,878 AND THEY ALSO ESTABLISH FROM 1220 00:48:00,878 --> 00:48:03,981 TIME TO TIME AS NEEDED DIFFERENT 1221 00:48:03,981 --> 00:48:05,115 WORK GROUPS AROUND DIFFERENT 1222 00:48:05,115 --> 00:48:07,084 TOPICS WHERE THEY MAY BE 1223 00:48:07,084 --> 00:48:09,286 INTERESTED IN WRITING A LETTER 1224 00:48:09,286 --> 00:48:12,222 OR PURSUING AND RESEARCHING A 1225 00:48:12,222 --> 00:48:14,224 TOPIC IN MORE DEPTH, AND THAT'S 1226 00:48:14,224 --> 00:48:15,759 THE COMMISSION'S KIND OF 1227 00:48:15,759 --> 00:48:18,462 CURRENT WORK, AND THEN TODAY WE 1228 00:48:18,462 --> 00:48:19,830 ARE BRINGING THREE APPOINTMENTS 1229 00:48:19,830 --> 00:48:24,801 AND FOUR REAPPOINTMENTS IN FRONT 1230 00:48:24,801 --> 00:48:25,369 OF THE COMMITTEE. AND AFTER 1231 00:48:25,369 --> 00:48:26,870 ELISABETH SPEAKS, I WILL PROVIDE 1232 00:48:26,870 --> 00:48:28,472 STATEMENTS FROM TWO THE OTHER 1233 00:48:28,472 --> 00:48:29,706 NEW APPOINTEES WHO WERE UNABLE 1234 00:48:29,706 --> 00:48:31,108 TO MAKE IT TODAY, AND THEN JUST 1235 00:48:31,108 --> 00:48:34,111 WANTED TO MENTION THAT THE FOUR 1236 00:48:34,111 --> 00:48:35,612 PEOPLE WHO ARE BEING REAPPOINTED 1237 00:48:35,612 --> 00:48:38,482 OR WHO ARE UP FOR REAPPOINTMENT 1238 00:48:38,482 --> 00:48:39,349 WERE PEOPLE WHO WERE APPOINTED 1239 00:48:39,349 --> 00:48:44,354 LAST JULY AS WELL. THEY WERE 1240 00:48:44,354 --> 00:48:45,555 SERVING TERMS THAT WERE VACANT. 1241 00:48:45,555 --> 00:48:48,592 THAT'S WHY IT WAS SUCH A SHORT 1242 00:48:48,592 --> 00:48:49,860 PERIOD OF TIME, BUT ALL 1243 00:48:49,860 --> 00:48:52,029 INTERESTED IN REAPPOINTMENT TO 1244 00:48:52,029 --> 00:48:54,564 THE COMMISSION. 1245 00:48:54,564 --> 00:48:55,932 >> OKAY. HELLO. MY NAME IS 1246 00:48:55,932 --> 00:48:57,200 ELISABETH BENHAM, A RENTER IN 1247 00:48:57,200 --> 00:48:59,102 DISTRICT THREE. I HAVE BEEN IN 1248 00:48:59,102 --> 00:49:00,904 SEATTLE ABOUT THREE YEARS NOW, 1249 00:49:00,904 --> 00:49:03,774 AND I HAVE MOVED EVERY YEAR 1250 00:49:03,774 --> 00:49:06,877 MAINLY DUE TO UNAFFORDABLE RENT 1251 00:49:06,877 --> 00:49:07,978 INCREASES AND THEN JUST A 1252 00:49:07,978 --> 00:49:09,813 PLETHORA OF HIDDEN FEES THAT 1253 00:49:09,813 --> 00:49:11,748 SEEM TO MULTIPLY EVERY YEAR. 1254 00:49:11,748 --> 00:49:13,884 I'M FAIRLY FAMILIAR WITH THE 1255 00:49:13,884 --> 00:49:16,520 SEATTLE RENTAL LANDSCAPE AS A 1256 00:49:16,520 --> 00:49:18,455 TENANT AND ALSO MY PROFESSIONAL 1257 00:49:18,455 --> 00:49:20,524 WORK CURRENTLY AN ASSET 1258 00:49:20,524 --> 00:49:22,059 MANAGEMENT WITH THE CITY'S 1259 00:49:22,059 --> 00:49:25,028 HOUSING. I WORK ON THE LAND USE 1260 00:49:25,028 --> 00:49:28,398 SIDE AND COMPLIANCE SIDE, 1261 00:49:28,398 --> 00:49:29,433 OVERSEEING BUILDINGS FOR MFTE, 1262 00:49:29,433 --> 00:49:31,535 MHA, INCENTIVE ZONING. A LOT OF 1263 00:49:31,535 --> 00:49:33,537 TIME IS SPENT REVIEWING LEASING 1264 00:49:33,537 --> 00:49:34,237 AND WORKING WITH PROPERTY 1265 00:49:34,237 --> 00:49:35,605 MANAGERS ON THE GROUND AND THE 1266 00:49:35,605 --> 00:49:37,474 TENANTS IN THESE BUILDINGS. I 1267 00:49:37,474 --> 00:49:40,277 HEAR FROM TENANTS EVERY DAY FROM 1268 00:49:40,277 --> 00:49:45,615 ACROSS THE CITY, MARKET RATE AND 1269 00:49:45,615 --> 00:49:47,651 RESTRICTED UNITS ABOUT THE 1270 00:49:47,651 --> 00:49:49,619 CHALLENGES THEY FACE AND RENT 1271 00:49:49,619 --> 00:49:51,521 INCREASES, DEALING WITH HIDDEN 1272 00:49:51,521 --> 00:49:52,956 FEES, RENT TERMS, AND THINGS. I 1273 00:49:52,956 --> 00:49:55,258 FEEL LIKE I HAVE A LOT OF 1274 00:49:55,258 --> 00:49:58,829 KNOWLEDGE AND INSIGHT THEY CAN 1275 00:49:58,829 --> 00:50:06,737 CONTRIBUTE TO THE RENTER'S 1276 00:50:06,737 --> 00:50:11,007 COMMISSIONER AND JUST GENERALLY 1277 00:50:11,007 --> 00:50:12,676 PROTECTING RENTERS IN SEATTLE. 1278 00:50:12,676 --> 00:50:14,544 >> OKAY, I WILL MOVE FORWARD 1279 00:50:14,544 --> 00:50:16,380 WITH READING THE STATEMENTS FROM 1280 00:50:16,380 --> 00:50:17,881 THE TWO POTENTIAL COMMISSIONERS 1281 00:50:17,881 --> 00:50:19,716 WHO WERE UNABLE TO ATTEND TODAY. 1282 00:50:19,716 --> 00:50:27,124 FIRST IS AYALA THAT DIGGS. DIGGS 1283 00:50:27,124 --> 00:50:33,930 IS COMMITTED TO DEMYSTIFYING -- 1284 00:50:33,930 --> 00:50:35,599 VIEWS VARIETY OF LANGUAGE 1285 00:50:35,599 --> 00:50:36,099 GENDERS IDENTITIES AND 1286 00:50:36,099 --> 00:50:41,638 EXPERIENCES AS A STRENGTH OF A 1287 00:50:41,638 --> 00:50:42,205 NEIGHBORHOOD. ALANNA HAS AN 1288 00:50:42,205 --> 00:50:44,174 EXTENSIVE BACK GO UNDERSTOOD IN 1289 00:50:44,174 --> 00:50:45,909 COMMUNICATIONS AND HAS BEEN 1290 00:50:45,909 --> 00:50:47,144 INSTRUMENTAL IN THE PROJECTS 1291 00:50:47,144 --> 00:50:49,379 INCREASING ACCESS TO HEALTH 1292 00:50:49,379 --> 00:50:51,815 CARE, FUNDING, AND ECONOMIC 1293 00:50:51,815 --> 00:50:53,050 OPPORTUNITIES TO UNDERSERVED 1294 00:50:53,050 --> 00:50:56,219 COMMUNITIES. SHE HAS DRIVEN TO 1295 00:50:56,219 --> 00:50:57,287 BOOST INCLUSIVITY FOR RENTERS 1296 00:50:57,287 --> 00:50:58,922 SPEAKING LANGUAGES OTHER THAN 1297 00:50:58,922 --> 00:51:01,525 ENGLISH AND DEDICATED TO HELPING 1298 00:51:01,525 --> 00:51:02,993 ALL RENTERS UNDERSTAND THEIR 1299 00:51:02,993 --> 00:51:06,229 RIGHTS AND ACCESS TO SAFE AND 1300 00:51:06,229 --> 00:51:07,664 AFFORDABLE HOUSING, AND ALANNA 1301 00:51:07,664 --> 00:51:09,166 ALSO ADDED THIS PIECE FROM HER 1302 00:51:09,166 --> 00:51:10,400 PERSPECTIVE. I WISH I COULD BE 1303 00:51:10,400 --> 00:51:12,769 WITH YOU ALL TODAY, BUT AT THIS 1304 00:51:12,769 --> 00:51:14,771 MOMENT, I'M SUPPORTING A GOOD 1305 00:51:14,771 --> 00:51:17,274 FRIEND AT A LONG-ANTICIPATED 1306 00:51:17,274 --> 00:51:17,741 WEDDING. TO MY FELLOW 1307 00:51:17,741 --> 00:51:19,776 COMMISSIONERS, I LOOK FORWARD TO 1308 00:51:19,776 --> 00:51:21,912 MEETING WITH YOU AND WORK 1309 00:51:21,912 --> 00:51:23,914 TOGETHER TO MAKING SEATTLE A 1310 00:51:23,914 --> 00:51:30,220 LIVABLE CITY. I TAKE THIS 1311 00:51:30,220 --> 00:51:34,157 POSITION SERIOUSLY AND HOPE TO 1312 00:51:34,157 --> 00:51:36,726 SHOW THAT YOUR TRUST IN ME IS 1313 00:51:36,726 --> 00:51:38,462 WELL PLACED. TO SEATTLE RENTERS, 1314 00:51:38,462 --> 00:51:43,200 I LOOK FORWARD TO SERVING YOU. 1315 00:51:43,200 --> 00:51:46,470 >> THE OTHER NOMINEE IS SASHA 1316 00:51:46,470 --> 00:51:47,671 WASSERSTROM. THIS IS FROM 1317 00:51:47,671 --> 00:51:48,271 SASHA'S PERSPECTIVE. I'M 1318 00:51:48,271 --> 00:51:49,906 EXCITED TO SERVE ON THE SEATTLE 1319 00:51:49,906 --> 00:51:51,108 RENTERS COMMISSION BECAUSE I 1320 00:51:51,108 --> 00:51:52,676 BELIEVE THE VOICES OF RENTERS 1321 00:51:52,676 --> 00:51:54,878 MUST NOT ONLY BE HEARD, THEY 1322 00:51:54,878 --> 00:51:56,613 MUST SHAPE POLICY. IN SEATTLE, 1323 00:51:56,613 --> 00:51:58,682 RENTERS MAKE UP A MAJORITY OF 1324 00:51:58,682 --> 00:52:01,818 OUR RESIDENTS AND ARE CONSTANTLY 1325 00:52:01,818 --> 00:52:05,722 IMPACTED BY THE WHIMS OF 1326 00:52:05,722 --> 00:52:07,224 POWERFUL LANDLORDS. HOUSING 1327 00:52:07,224 --> 00:52:09,926 POLICY TOO OFTEN FEELS REACTIVE, 1328 00:52:09,926 --> 00:52:11,528 DELAYED OR DISCONNECTED FROM THE 1329 00:52:11,528 --> 00:52:13,597 URGENCY MANY OF US EXPERIENCE 1330 00:52:13,597 --> 00:52:14,364 MONTH TO MONTH. I'M MOTIVATED 1331 00:52:14,364 --> 00:52:16,399 TO SERVE BECAUSE I BELIEVE THE 1332 00:52:16,399 --> 00:52:18,101 COMMISSION PLAYS A CRITICAL ROLE 1333 00:52:18,101 --> 00:52:20,437 IN ENSURING THAT RENTER 1334 00:52:20,437 --> 00:52:22,873 PROTECTIONS ARE NOT SYMBOLIC 1335 00:52:22,873 --> 00:52:23,840 GESTURES BUT DURABLE, 1336 00:52:23,840 --> 00:52:27,344 ENFORCEABLE, AND RESPONSIVE TO 1337 00:52:27,344 --> 00:52:29,646 REAL CONDITIONS ON THE GROUND. 1338 00:52:29,646 --> 00:52:31,515 MY BACKGROUND IN PUBLIC POLICY 1339 00:52:31,515 --> 00:52:32,716 AND COALITION LEADERSHIP SHOWS 1340 00:52:32,716 --> 00:52:34,851 HOW IMPORTANT IT IS TO BRIDGE 1341 00:52:34,851 --> 00:52:35,785 LIVED EXPERIENCE WITH 1342 00:52:35,785 --> 00:52:38,722 INSTITUTIONAL PROCESS. I WANT TO 1343 00:52:38,722 --> 00:52:40,724 ENSURE THAT RENTER PERSPECTIVES 1344 00:52:40,724 --> 00:52:43,760 ARE TRANSLATED INTO CLEAR 1345 00:52:43,760 --> 00:52:45,061 RECOMMENDATIONS. MEASURABLE 1346 00:52:45,061 --> 00:52:45,662 ACCOUNTABILITY, AND POLICIES 1347 00:52:45,662 --> 00:52:49,733 THAT REFLECT THE DIVERSITY OF 1348 00:52:49,733 --> 00:52:52,235 SEATTLE'S NEIGHBORHOODS AND 1349 00:52:52,235 --> 00:52:55,605 IDENTITIES. SERVING ON THE 1350 00:52:55,605 --> 00:53:00,677 COMMISSION WILL BE CONTRIBUTING 1351 00:53:00,677 --> 00:53:01,912 MEANINGFULLY. I'M THRILLED TO 1352 00:53:01,912 --> 00:53:02,679 BE JOINING THE COMMISSION AND 1353 00:53:02,679 --> 00:53:04,047 LOOK FORWARD TO THE GREAT WORK 1354 00:53:04,047 --> 00:53:07,617 WE WILL BE DOING TOGETHER. 1355 00:53:07,617 --> 00:53:10,053 >> THANK YOU SO MUCH. I REALLY 1356 00:53:10,053 --> 00:53:11,054 APPRECIATE IT. I KNOW FOLKS 1357 00:53:11,054 --> 00:53:12,422 WANTED TO BE HERE TODAY, BUT 1358 00:53:12,422 --> 00:53:15,492 SOMETIMES IT'S HARD TO MAKE IT 1359 00:53:15,492 --> 00:53:18,628 TO COUNCIL. I'M THANKFUL TO YOU 1360 00:53:18,628 --> 00:53:22,699 FOR READING THE STATEMENTS ON 1361 00:53:22,699 --> 00:53:29,272 BEHALF OF OUR POTENTIAL 1362 00:53:29,272 --> 00:53:32,375 APPOINTEES. THANK YOU FOR BEING 1363 00:53:32,375 --> 00:53:33,843 HERE. I'M EXCITED FOR YOUR WORK 1364 00:53:33,843 --> 00:53:35,712 AND YOUR LIVED EXPERIENCE AS 1365 00:53:35,712 --> 00:53:36,780 WELL. I'M EXCITED FOR THE DEPTH 1366 00:53:36,780 --> 00:53:43,320 AND KNOWLEDGE THAT WILL BE ON 1367 00:53:43,320 --> 00:53:44,521 THE RENTERS' COMMISSION. DO ANY 1368 00:53:44,521 --> 00:53:45,655 OF MY FELLOW COMMITTEE MEMBERS 1369 00:53:45,655 --> 00:53:51,828 HAVE QUESTIONS? CHECKING ON 1370 00:53:51,828 --> 00:53:53,396 ZOOM. OKAY. OH, I DO SEE 1371 00:53:53,396 --> 00:53:54,264 QUESTIONS ON ZOOM. COUNCILMEMBER 1372 00:53:54,264 --> 00:53:58,401 LIN, AND THEN WE WILL GO OVER TO 1373 00:53:58,401 --> 00:53:58,868 COUNCILMEMBER RINCK. 1374 00:53:58,868 --> 00:54:02,472 >> NO QUESTIONS, BUT JUST SO 1375 00:54:02,472 --> 00:54:03,607 EXCITED TO -- AND THANKFUL THAT 1376 00:54:03,607 --> 00:54:07,744 YOU ARE WILLING TO STEP UP FOR 1377 00:54:07,744 --> 00:54:08,778 THIS, ELISABETH, AND I KNOW THAT 1378 00:54:08,778 --> 00:54:15,485 YOUR EXPERIENCE IS GOING TO BE 1379 00:54:15,485 --> 00:54:17,554 SUPER, SUPER HELPFUL, AND JUST 1380 00:54:17,554 --> 00:54:18,922 SUPER EXCITED. EXCITED TO SEE 1381 00:54:18,922 --> 00:54:22,292 YOUR RESUME THAT YOU ARE 1382 00:54:22,292 --> 00:54:24,494 INTERESTED IN RUBIX CUBES AND 1383 00:54:24,494 --> 00:54:27,297 JUGGLING AND ROCK CLIMBING. 1384 00:54:27,297 --> 00:54:29,833 ALWAYS SOMETHING NEW. ANYWAY 1385 00:54:29,833 --> 00:54:33,970 THANK YOU FOR STEPPING UP. 1386 00:54:33,970 --> 00:54:37,707 >> THANK YOU, COUNCILMEMBER LIN. 1387 00:54:37,707 --> 00:54:38,174 COUNCILMEMBER RINCK? 1388 00:54:38,174 --> 00:54:39,643 >> NO QUESTIONS. I SAW YOU, I 1389 00:54:39,643 --> 00:54:41,177 WAS LIKE, I KNOW YOU, I SAW YOU 1390 00:54:41,177 --> 00:54:44,314 ON THE BUS ONE TIME, AND WE HAD 1391 00:54:44,314 --> 00:54:45,815 AN AMAZING TALK ABOUT MFTE. SO 1392 00:54:45,815 --> 00:54:48,985 EXCITED YOU ARE BRINGING YOUR 1393 00:54:48,985 --> 00:54:49,853 EXPERTISE TO THE RENTERS' 1394 00:54:49,853 --> 00:54:51,154 COMMISSION AND I DON'T HAVE 1395 00:54:51,154 --> 00:54:53,323 QUESTIONS TODAY BECAUSE I REALLY 1396 00:54:53,323 --> 00:54:53,957 APPRECIATED THE ENGAGEMENT MY 1397 00:54:53,957 --> 00:54:55,925 OFFICE HAS BEEN ABLE TO HAVE 1398 00:54:55,925 --> 00:54:57,360 WITH THE RENTERS' COMMISSION, 1399 00:54:57,360 --> 00:54:58,428 REALLY LEANING INTO WHAT OUR 1400 00:54:58,428 --> 00:54:59,929 COMMISSIONS ARE SET UP TO DO, A 1401 00:54:59,929 --> 00:55:06,036 BODY TO GO TO FOR CONSULTING ON 1402 00:55:06,036 --> 00:55:07,671 POLICY, GETTING DIRECTION AND 1403 00:55:07,671 --> 00:55:10,740 JUST THAT PERSPECTIVE. HAVING AN 1404 00:55:10,740 --> 00:55:12,075 ACTIVE RENTERS' COMMISSION IS 1405 00:55:12,075 --> 00:55:13,810 IMPORTANT BECAUSE WE ARE THE 1406 00:55:13,810 --> 00:55:15,712 MAJORITY RENTER CITY. EXCITED TO 1407 00:55:15,712 --> 00:55:18,014 SEE THE APPOINTMENTS GO FORWARD 1408 00:55:18,014 --> 00:55:19,449 TODAY, SHARE, AND ELISABETH, FOR 1409 00:55:19,449 --> 00:55:22,152 YOU TO BRING YOUR EXPERTISE TO 1410 00:55:22,152 --> 00:55:22,786 THE COMMISSION. VERY EXCITING. 1411 00:55:22,786 --> 00:55:24,621 THANK YOU FOR BEING HERE. THANK 1412 00:55:24,621 --> 00:55:24,921 YOU, CHAIR. 1413 00:55:24,921 --> 00:55:26,923 >> THANK YOU SO MUCH, 1414 00:55:26,923 --> 00:55:27,490 COLLEAGUES. ANY FURTHER 1415 00:55:27,490 --> 00:55:30,927 QUESTIONS OR COMMENTS BEFORE WE 1416 00:55:30,927 --> 00:55:35,365 MOVE THIS FOR A VOTE? ALL RIGHT, 1417 00:55:35,365 --> 00:55:38,902 I MOVE RECOMMENDATION FOR 1418 00:55:38,902 --> 00:55:40,036 CONFIRMATION OF 03480 THROUGH 1419 00:55:40,036 --> 00:55:41,471 03486. IS THERE A SECOND? 1420 00:55:41,471 --> 00:55:41,771 >> SECOND. 1421 00:55:41,771 --> 00:55:44,407 >> OKAY, IT'S MOVED AND 1422 00:55:44,407 --> 00:55:45,575 SECONDED TO RECOMMEND 1423 00:55:45,575 --> 00:55:48,244 CONFIRMATION OF THE 1424 00:55:48,244 --> 00:55:48,812 APPOINTMENTS, ANY FURTHER 1425 00:55:48,812 --> 00:55:50,347 COMMENTS? WILL THE CLERK PLEASE 1426 00:55:50,347 --> 00:55:53,083 CALL THE ROLL ON RECOMMENDATION 1427 00:55:53,083 --> 00:55:58,988 TO CONFIRM APPOINTMENTS? 1428 00:55:58,988 --> 00:56:00,457 >> COUNCILMEMBER JUAREZ? 1429 00:56:00,457 --> 00:56:03,526 >> IT LOOKS LIKE HER ZOOM MAY BE 1430 00:56:03,526 --> 00:56:06,096 FROZEN. WE WILL COME BACK TO 1431 00:56:06,096 --> 00:56:06,296 HER. 1432 00:56:06,296 --> 00:56:07,097 >> RINCK. 1433 00:56:07,097 --> 00:56:07,897 >> YES. 1434 00:56:07,897 --> 00:56:08,298 >> LIN? 1435 00:56:08,298 --> 00:56:08,765 >> YES. 1436 00:56:08,765 --> 00:56:10,133 >> FOSTER? 1437 00:56:10,133 --> 00:56:10,367 >> YES. 1438 00:56:10,367 --> 00:56:17,907 >> YEAH, SHE IS STILL FROZEN. 1439 00:56:17,907 --> 00:56:20,510 CHAIR, THREE VOTES IN FAVOR, 1440 00:56:20,510 --> 00:56:20,844 NONE OPPOSED. 1441 00:56:20,844 --> 00:56:21,745 >> THE MOTION CARRIES. THE 1442 00:56:21,745 --> 00:56:23,680 COMMITTEE WILL RECK MEN THE 1443 00:56:23,680 --> 00:56:25,915 APPOINTMENTS BE CONFIRMED AND 1444 00:56:25,915 --> 00:56:28,084 SENT TO THE APRIL 28, 2026, 1445 00:56:28,084 --> 00:56:28,952 SEATTLE CITY COUNCIL MEETING. 1446 00:56:28,952 --> 00:56:36,760 THANK YOU SO MUCH. [ APPLAUSE ] 1447 00:56:36,893 --> 00:56:40,063 >> OKAY, WE WILL NOW MOVE ON TO 1448 00:56:40,063 --> 00:56:43,032 AGENDA ITEM NUMBER 13 WILL THE 1449 00:56:43,032 --> 00:56:45,368 CLERK PLEASE READ 13 INTO THE 1450 00:56:45,368 --> 00:56:45,602 RECORD. 1451 00:56:45,602 --> 00:56:47,036 >> OFFICE OF HOUSING 1452 00:56:47,036 --> 00:56:53,376 PRESENTATION ON STABILIZATION 1453 00:56:53,376 --> 00:56:55,512 INVESTMENTS AND INVESTMENTS 1454 00:56:55,512 --> 00:56:55,812 DASHBOARD. 1455 00:56:55,812 --> 00:56:58,148 >> OKAY, WE HAVE OUR PRESENTERS 1456 00:56:58,148 --> 00:56:59,649 JOINING US AT THE TABLE, AND 1457 00:56:59,649 --> 00:57:01,818 ONCE YOU ARE ALL SEATED, I WILL 1458 00:57:01,818 --> 00:57:06,623 ASK YOU ALL TO UNMUTE AND 1459 00:57:06,623 --> 00:57:07,257 INTRODUCE YOURSELVES. AFTER YOU 1460 00:57:07,257 --> 00:57:10,493 DO THAT, I WILL GO AHEAD AND 1461 00:57:10,493 --> 00:57:14,764 SHARE SOME OPENING COMMENTS. WE 1462 00:57:14,764 --> 00:57:20,503 WILL WELCOME COUNCILMEMBER 1463 00:57:20,503 --> 00:57:20,904 RIVERA. WELCOME. 1464 00:57:20,904 --> 00:57:26,342 >> HI, KELLY, HOW ARE YOU? 1465 00:57:26,342 --> 00:57:29,212 >> MADAME CHAIR, JUAREZ HERE, 1466 00:57:29,212 --> 00:57:31,181 APOLOGIES. IT KEEPS KICKING ME 1467 00:57:31,181 --> 00:57:34,317 OUT. I APOLOGIZE FOR MISSING THE 1468 00:57:34,317 --> 00:57:34,517 VOTE. 1469 00:57:34,517 --> 00:57:36,252 >> NO WORRIES. WE APOLOGIZE 1470 00:57:36,252 --> 00:57:36,920 COUNCILMEMBER JUAREZ. WE WERE 1471 00:57:36,920 --> 00:57:40,156 GOING TO COME BACK TO YOU, BUT 1472 00:57:40,156 --> 00:57:41,791 YOU LOST. WE HAD QUORUM, SO ALL 1473 00:57:41,791 --> 00:57:42,192 GOOD OVER HERE. 1474 00:57:42,192 --> 00:57:43,593 >> IT'S DONE IT THREE TIMES, 1475 00:57:43,593 --> 00:57:46,496 AND I DON'T KNOW WHAT IS GOING 1476 00:57:46,496 --> 00:57:46,963 ON. I APOLOGIZE. 1477 00:57:46,963 --> 00:57:48,665 >> WE WILL CHECK IN AND SEND A 1478 00:57:48,665 --> 00:57:51,067 MESSAGE AS WELL. WE ARE JUST 1479 00:57:51,067 --> 00:57:56,206 GETTING THE TABLE SET UP IN 1480 00:57:56,206 --> 00:57:56,472 CHAMBERS. 1481 00:57:56,472 --> 00:57:58,374 >> THANK YOU, MADAM CHAIR. 1482 00:57:58,374 --> 00:57:59,943 >> THANK YOU FOR HAVING US AND 1483 00:57:59,943 --> 00:58:02,579 NICE TO SEE YOU COUNCILMEMBER 1484 00:58:02,579 --> 00:58:03,947 RIVERA. I'M KELLY LARSON FROM 1485 00:58:03,947 --> 00:58:04,781 THE OFFICE OF HOUSING. I WILL 1486 00:58:04,781 --> 00:58:07,150 HAVE THE REST OF THE TEAM 1487 00:58:07,150 --> 00:58:10,553 INTRODUCE THEMSELVES WHILE WE 1488 00:58:10,553 --> 00:58:11,521 GET SETTLED STARTING WITH MARIA. 1489 00:58:11,521 --> 00:58:20,964 >> GOOD AFTERNOON. M A, RIA 1490 00:58:20,964 --> 00:58:26,002 DEWEES -- MARIA DEWEES. 1491 00:58:26,002 --> 00:58:26,503 >> MADISON KREMER. 1492 00:58:26,503 --> 00:58:28,538 >> KATE ALLEN. 1493 00:58:28,538 --> 00:58:30,306 >> ROSIE JOE, DIRECTOR OF 1494 00:58:30,306 --> 00:58:31,341 CAPITAL INVESTMENTS WITH 1495 00:58:31,341 --> 00:58:31,608 HOUSING. 1496 00:58:31,608 --> 00:58:33,243 >> WE HAVE A GREAT TEAM OF 1497 00:58:33,243 --> 00:58:35,845 PEOPLE HERE TO TALK ABOUT A FEW 1498 00:58:35,845 --> 00:58:37,347 THINGS. A COUPLE OF 1499 00:58:37,347 --> 00:58:39,916 PRESENTATIONS, DID YOU WANT TO 1500 00:58:39,916 --> 00:58:41,117 START US OFF COUNCILMEMBER 1501 00:58:41,117 --> 00:58:41,351 FOSTER? 1502 00:58:41,351 --> 00:58:42,886 >> APPRECIATE THE MOMENT WE HAD 1503 00:58:42,886 --> 00:58:44,721 THERE. THANK YOU SO MUCH, AND 1504 00:58:44,721 --> 00:58:45,355 WELCOME, FOLKS. WE ARE EXCITED 1505 00:58:45,355 --> 00:58:47,457 TO HAVE YOU HERE TODAY. WE WILL 1506 00:58:47,457 --> 00:58:48,625 MAKE SURE WE GET THE SLIDES 1507 00:58:48,625 --> 00:58:50,126 WORKING OVER THERE. AS WE DO 1508 00:58:50,126 --> 00:58:51,394 THIS, I WILL MAKE SURE MY 1509 00:58:51,394 --> 00:58:53,029 COLLEAGUES KNOW HOW WE WILL 1510 00:58:53,029 --> 00:58:54,364 APPROACH THE PRESENTATION. THE 1511 00:58:54,364 --> 00:58:55,431 OFFICE OF HOUSING IS COMING 1512 00:58:55,431 --> 00:58:57,166 TOGETHER WITH A LOT OF FANTASTIC 1513 00:58:57,166 --> 00:59:02,105 INFORMATION FOR US. WE ARE GOING 1514 00:59:02,105 --> 00:59:04,240 TO START TODAY WITH THE 1515 00:59:04,240 --> 00:59:05,975 STATEMENT OF LEGISLATIVE 1516 00:59:05,975 --> 00:59:07,477 RESPONSE. WE WILL PAUSE FOR 1517 00:59:07,477 --> 00:59:09,712 COMMITTEE MEMBERS TO ASK ANY 1518 00:59:09,712 --> 00:59:11,180 QUESTIONS REGARDING THE 1519 00:59:11,180 --> 00:59:11,781 RESPONSE, AND THEN FOLLOWING 1520 00:59:11,781 --> 00:59:12,615 THAT, WE ARE GOING TO MOVE BACK 1521 00:59:12,615 --> 00:59:15,385 OVER TO THE OFFICE OF HOUSING SO 1522 00:59:15,385 --> 00:59:16,619 THEY CAN FINISH THEIR 1523 00:59:16,619 --> 00:59:18,788 PRESENTATION WITH THE DASHBOARD 1524 00:59:18,788 --> 00:59:20,223 THAT WE ARE REALLY EXCITED TO 1525 00:59:20,223 --> 00:59:24,794 SEE. I GOT A LITTLE PREVIEW OF 1526 00:59:24,794 --> 00:59:26,329 THAT. I JUST WANT TO MAKE SURE 1527 00:59:26,329 --> 00:59:28,364 CLOGS ARE HOLDING QUESTIONS AND 1528 00:59:28,364 --> 00:59:31,267 KNOW THAT WE HAVE A TWO-PART 1529 00:59:31,267 --> 00:59:32,068 PRESENTATION TODAY. WITH THAT, 1530 00:59:32,068 --> 00:59:33,636 MORE CONTEXT. THE BACKGROUND OF 1531 00:59:33,636 --> 00:59:40,076 THIS PRESENTATION IS IN RESPONSE 1532 00:59:40,076 --> 00:59:40,843 TO SLYOH004-SA. REQUESTING A 1533 00:59:40,843 --> 00:59:43,846 REPORT ON THE 2025 OPERATING 1534 00:59:43,846 --> 00:59:45,882 STABILIZATION INVESTMENTS AND 1535 00:59:45,882 --> 00:59:48,251 THE 2025 DEBT RESTRUCTURING 1536 00:59:48,251 --> 00:59:48,918 STABILIZATION INVESTMENTS THIS 1537 00:59:48,918 --> 00:59:50,954 PRESENTATION TODAY WILL COVER 1538 00:59:50,954 --> 00:59:52,755 SECTIONS ONE AND TWO OF THAT. 1539 00:59:52,755 --> 00:59:54,057 THE OH REPORT ON SECTIONS THREE 1540 00:59:54,057 --> 00:59:56,292 AND FOUR ARE EXPECTED AND DUE TO 1541 00:59:56,292 --> 00:59:57,927 COUNCIL LATER IN THE YEAR BY 1542 00:59:57,927 --> 01:00:00,296 JUNE 30th , SO THIS WAS IN 1543 01:00:00,296 --> 01:00:02,732 RESPONSE, AND I KNOW 1544 01:00:02,732 --> 01:00:03,633 COUNCILMEMBER RIVERA HAS JOINED 1545 01:00:03,633 --> 01:00:06,936 US, THE SPONSOR OF THE STATEMENT 1546 01:00:06,936 --> 01:00:13,509 OF LEGISLATIVE INSENT ALONG WITH 1547 01:00:13,509 --> 01:00:14,177 HOLLINGSWORTH, KETTLE, AND 1548 01:00:14,177 --> 01:00:15,878 SEVERAL OTHERS NO LONGER ON 1549 01:00:15,878 --> 01:00:16,679 COUNCIL. THE PURPOSE IS TO 1550 01:00:16,679 --> 01:00:17,914 ENSURE WE HAVE THE INFORMATION 1551 01:00:17,914 --> 01:00:20,383 THAT WE NEED BECAUSE WE KNOW 1552 01:00:20,383 --> 01:00:21,784 THAT OUR AFFORDABLE HOUSING 1553 01:00:21,784 --> 01:00:24,654 PROVIDERS IN SEATTLE AS WELL AS 1554 01:00:24,654 --> 01:00:25,288 AFFORDABLE HOUSING PROVIDERS 1555 01:00:25,288 --> 01:00:28,291 ACROSS THE COUNTRY HAVE FACED A 1556 01:00:28,291 --> 01:00:30,093 GROWING DEBT CRY -- CRISIS. WE 1557 01:00:30,093 --> 01:00:32,195 ARE NOT ALONE IN THAT SEEING A 1558 01:00:32,195 --> 01:00:33,262 RISE IN MAINTENANCE AND 1559 01:00:33,262 --> 01:00:34,597 OPERATING COSTS AND CHALLENGES 1560 01:00:34,597 --> 01:00:36,332 FROM THE FINANCING ENVIRONMENT 1561 01:00:36,332 --> 01:00:38,568 THAT IMPACT OUR ABILITY TO BUILD 1562 01:00:38,568 --> 01:00:40,503 NEW PROJECTS. WHILE THAT IS 1563 01:00:40,503 --> 01:00:41,070 COMPLICATED, WE KNOW THAT 1564 01:00:41,070 --> 01:00:43,006 SLOWDOWN OF NEW PROJECTS HAS AN 1565 01:00:43,006 --> 01:00:44,273 IMPACT ON PROVIDERS. I KNOW THAT 1566 01:00:44,273 --> 01:00:45,842 FOR ME, AS CHAIR OF THIS 1567 01:00:45,842 --> 01:00:46,409 COMMITTEE, IT'S REALLY 1568 01:00:46,409 --> 01:00:53,416 IMPORTANT FOR US TO HOLD A 1569 01:00:53,416 --> 01:00:55,518 COUPLE OF CHALLENGING THINGS 1570 01:00:55,518 --> 01:00:57,086 TOGETHER. SEATTLE CONTINUES TO 1571 01:00:57,086 --> 01:00:59,255 LEAD THE NATION IN BUILDING NEW 1572 01:00:59,255 --> 01:01:01,491 AFFORDABLE UNITS, AND WE 1573 01:01:01,491 --> 01:01:02,825 CONTINUE TO IMPLEMENT INNOVATIVE 1574 01:01:02,825 --> 01:01:05,728 STRATEGIES TO WORK ON LOWERING 1575 01:01:05,728 --> 01:01:07,263 COSTS AND STILL HAVE IMMENSE 1576 01:01:07,263 --> 01:01:08,564 CHALLENGES PROVIDERS ARE FACING. 1577 01:01:08,564 --> 01:01:11,167 IT'S CRITICAL WE WORK TO FIND 1578 01:01:11,167 --> 01:01:12,735 THE RIGHT BALANCE BETWEEN NEW 1579 01:01:12,735 --> 01:01:14,670 PRODUCTION, MAINTENANCE OF AGING 1580 01:01:14,670 --> 01:01:15,972 BUILDINGS AND STABILIZATION OF 1581 01:01:15,972 --> 01:01:17,573 EXISTING BUILDINGS AND 1582 01:01:17,573 --> 01:01:19,342 PROVIDERS. ALONGSIDE THAT, IT'S 1583 01:01:19,342 --> 01:01:21,010 IMPORTANT WE USE THE DATA-DRIVEN 1584 01:01:21,010 --> 01:01:22,345 APPROACH AND ARE CLEAR AND HAVE 1585 01:01:22,345 --> 01:01:23,346 THE STRONG UNDERSTANDING OF WHAT 1586 01:01:23,346 --> 01:01:27,450 IS HAPPENING IN OUR FIELD HERE 1587 01:01:27,450 --> 01:01:31,287 IN SEATTLE AND THAT WE ARE 1588 01:01:31,287 --> 01:01:32,121 TUNING INTO THAT CONSIDERING 1589 01:01:32,121 --> 01:01:33,923 POLICY CHANGES, AND WE USE THAT 1590 01:01:33,923 --> 01:01:34,991 DATA TO INFORM US. WITH THAT, 1591 01:01:34,991 --> 01:01:37,026 I'M LOOKING FORWARD TO THE 1592 01:01:37,026 --> 01:01:38,261 PRESENTATION TODAY, SO WE CAN 1593 01:01:38,261 --> 01:01:39,195 UNDERSTAND THE INVESTMENTS THAT 1594 01:01:39,195 --> 01:01:41,464 HAVE BEEN MADE, WHAT WE ARE 1595 01:01:41,464 --> 01:01:42,298 LEARNING FROM THE INVESTMENTS 1596 01:01:42,298 --> 01:01:44,667 AND WHAT WE WILL LEARN LATER IN 1597 01:01:44,667 --> 01:01:46,135 THE YEAR WITH THE SUBSEQUENT 1598 01:01:46,135 --> 01:01:47,236 REPORTING COMING TO COUNCIL. 1599 01:01:47,236 --> 01:01:51,407 WITH THAT, AND NOW WE HAVE THE 1600 01:01:51,407 --> 01:01:52,241 SLIDES UP. PRESENTERS, I INVITE 1601 01:01:52,241 --> 01:02:02,485 YOU TO BEGIN. 1602 01:02:08,424 --> 01:02:10,059 >> COUNCILMEMBER, FOSTER, YOU 1603 01:02:10,059 --> 01:02:11,594 PROVIDED SUCH AN OVERVIEW, I 1604 01:02:11,594 --> 01:02:12,829 DON'T NEED TO, WE WILL WALK 1605 01:02:12,829 --> 01:02:15,098 THROUGH THIS WITH THE STAFF THE 1606 01:02:15,098 --> 01:02:17,366 DEPARTMENT OF HOUSING AND THE 1607 01:02:17,366 --> 01:02:18,234 INVESTMENTS WE MAKE AROUND 1608 01:02:18,234 --> 01:02:19,902 OPERATING FUNDS, AND THEN WE 1609 01:02:19,902 --> 01:02:23,840 WILL TALK ABOUT THE OPERATING 1610 01:02:23,840 --> 01:02:24,807 STABILIZATION, THE DEBT 1611 01:02:24,807 --> 01:02:25,408 RESTRUCTURING INVESTMENTS AND 1612 01:02:25,408 --> 01:02:29,579 TAKE PAUSE FOR QUESTIONS, BASED 1613 01:02:29,579 --> 01:02:30,913 ON THE RESPONSE TO THIS, AND 1614 01:02:30,913 --> 01:02:34,117 THEN JUMP OVER TO THE HOUSING 1615 01:02:34,117 --> 01:02:35,618 DOLLARS IN INVESTMENT DASHBOARD. 1616 01:02:35,618 --> 01:02:37,153 >> OPERATING FUNDS HAVE BECOME A 1617 01:02:37,153 --> 01:02:40,990 GROWING NEED FOR MANY OF 1618 01:02:40,990 --> 01:02:42,592 SEATTLE'S AFFORDABLE HOUSING 1619 01:02:42,592 --> 01:02:46,028 BUILDINGS. THE RAPID INCREASE IN 1620 01:02:46,028 --> 01:02:47,730 SEATTLE AREA INCOMES, LARGELY 1621 01:02:47,730 --> 01:02:49,899 DRIVEN BY THE HIGHEST EARNERS 1622 01:02:49,899 --> 01:02:50,766 HAS IMPACTED RENTERS AND THEIR 1623 01:02:50,766 --> 01:02:52,935 ABILITY TO PAY RENT. THESE 1624 01:02:52,935 --> 01:02:53,936 CONDITIONS ARE INCREASING THE 1625 01:02:53,936 --> 01:02:55,638 HOUSING COST BURDENS THAT 1626 01:02:55,638 --> 01:02:58,808 RENTERS ARE LIVING WITH AS THE 1627 01:02:58,808 --> 01:03:00,109 MEDIAN INCOME GROWS RAISING THE 1628 01:03:00,109 --> 01:03:02,812 CHART THAT IS USED TO SET RENTS 1629 01:03:02,812 --> 01:03:05,715 IN AFFORDABLE HOUSING. FOR MANY 1630 01:03:05,715 --> 01:03:06,816 DECADES, RENT REVENUE WAS ENOUGH 1631 01:03:06,816 --> 01:03:10,620 TO COVER THE COST FOR HOUSING. 1632 01:03:10,620 --> 01:03:12,155 WITH INCREASING EXPENSES, 1633 01:03:12,155 --> 01:03:12,688 PARTICULARLY INSURANCE, 1634 01:03:12,688 --> 01:03:14,690 UTILITIES, AND PERSONNEL, THIS 1635 01:03:14,690 --> 01:03:16,959 IS BECOMING INCREASINGLY 1636 01:03:16,959 --> 01:03:18,060 DIFFICULT. HISTORICALLY THE 1637 01:03:18,060 --> 01:03:19,595 OFFICE HAS INVESTED MOST OF ITS 1638 01:03:19,595 --> 01:03:20,696 FUNDS TO SUPPORT THE PRODUCTION 1639 01:03:20,696 --> 01:03:22,365 OF NEW HOUSING. THIS WAS A 1640 01:03:22,365 --> 01:03:23,232 STRONG APPROACH. WE WERE VERY 1641 01:03:23,232 --> 01:03:26,002 BEHIND AND STILL ARE ON MEETING 1642 01:03:26,002 --> 01:03:26,669 OUR COMMUNITY'S HOUSING NEEDS, 1643 01:03:26,669 --> 01:03:29,338 BUT IT DID MEAN THAT O.H. WAS 1644 01:03:29,338 --> 01:03:33,309 MAKING A TRADEOFF, NOT SERVING 1645 01:03:33,309 --> 01:03:35,711 AS THE PRIMARY OPERATION OR 1646 01:03:35,711 --> 01:03:36,946 PRESERVATION. WITH PROJECTS 1647 01:03:36,946 --> 01:03:39,448 FACING MORE CHALLENGES WITH 1648 01:03:39,448 --> 01:03:40,316 INCREASED OPERATING EXPENSES AND 1649 01:03:40,316 --> 01:03:47,523 SIGNIFICANT CAPITAL NEEDS, O.H. 1650 01:03:47,523 --> 01:03:49,125 HAS LAUNCHED NEW INVESTMENTS 1651 01:03:49,125 --> 01:03:50,426 BRINGS OPPORTUNITIES FOR TENANTS 1652 01:03:50,426 --> 01:03:52,495 AND BUILDINGS. THE WORK IS A 1653 01:03:52,495 --> 01:03:54,030 MAJOR BODY OF WORK. AT THE 1654 01:03:54,030 --> 01:03:56,465 OFFICE, ALSO RESPONSIVE TO ONE 1655 01:03:56,465 --> 01:03:59,068 COMPONENT OF A STATEMENT OF 1656 01:03:59,068 --> 01:04:00,036 LEGISLATIVE INTENT. SOME OF US 1657 01:04:00,036 --> 01:04:01,137 ARE FOCUSED ON WRITING THE 1658 01:04:01,137 --> 01:04:02,738 REPORT, BUT THERE'S A LOT OF 1659 01:04:02,738 --> 01:04:04,240 WORK THAT IS DONE BEHIND THE 1660 01:04:04,240 --> 01:04:06,342 SCENES AT THE OFFICE AND WITH 1661 01:04:06,342 --> 01:04:07,810 OUR PROVIDERS TO MAKE THESE 1662 01:04:07,810 --> 01:04:08,811 DOLLARS LAND IN THE COMMUNITY. 1663 01:04:08,811 --> 01:04:13,649 THAT'S WHAT WE WILL BE TALKING 1664 01:04:13,649 --> 01:04:15,484 ABOUT TODAY. THE REMAINDER OF 1665 01:04:15,484 --> 01:04:17,420 THE RESPONSE AS COUNCILMEMBER 1666 01:04:17,420 --> 01:04:20,189 FOSTER MENTIONED, WILL BE COMING 1667 01:04:20,189 --> 01:04:23,226 IN JUNE. THAT'S ADDRESSING 1668 01:04:23,226 --> 01:04:28,064 LONGER TERM INVESTING AND FUTURE 1669 01:04:28,064 --> 01:04:31,901 STRATEGIES. WE HAVE AN ARRAY OF 1670 01:04:31,901 --> 01:04:33,569 OPERATING CHALLENGES FACING 1671 01:04:33,569 --> 01:04:35,238 PROVIDERS TODAY. WE HAVE 1672 01:04:35,238 --> 01:04:36,105 PERSISTENT CHALLENGES WITH THE 1673 01:04:36,105 --> 01:04:37,640 GROWING MEDIAN INCOME AND THE 1674 01:04:37,640 --> 01:04:40,643 RESULT IN GROWTH IN HOUSING COST 1675 01:04:40,643 --> 01:04:42,845 BURDEN. WE HAVE ONGOING 1676 01:04:42,845 --> 01:04:44,080 DIFFICULTIES WITH ECONOMIC 1677 01:04:44,080 --> 01:04:45,114 VACANCY. THERE ARE ENORMOUS 1678 01:04:45,114 --> 01:04:46,082 SHIFTING MARKET CONDITIONS THAT 1679 01:04:46,082 --> 01:04:49,352 ARE JUST CONTINUING TO CHANGE 1680 01:04:49,352 --> 01:04:52,121 ALL OF THE TIME. WE HAVE AN SEEN 1681 01:04:52,121 --> 01:04:54,390 AN INCREASE IN HOUSING, 1682 01:04:54,390 --> 01:04:55,825 PARTICULARLY FOR SMALLER 1683 01:04:55,825 --> 01:04:57,660 APARTMENTS, IMPACTING A LOT OF 1684 01:04:57,660 --> 01:05:00,062 OUR PORTFOLIO, AND HAS CHANGED 1685 01:05:00,062 --> 01:05:01,464 THE WAY THAT LEASEUPS ARE 1686 01:05:01,464 --> 01:05:08,104 OCCURRING AND THE WAY THAT THE 1687 01:05:08,104 --> 01:05:09,005 BUILDINGS ARE PERFORMING. SO 1688 01:05:09,005 --> 01:05:10,673 MOVING ON TO STABILIZATION. WE 1689 01:05:10,673 --> 01:05:12,008 WILL START WITH THE OVERVIEW OF 1690 01:05:12,008 --> 01:05:14,877 WHAT WE HAVE DONE. FOR MANY 1691 01:05:14,877 --> 01:05:15,945 DECADES, THE OFFICE PROVIDED 1692 01:05:15,945 --> 01:05:17,480 MINIMAL, BUT CONSISTENT 1693 01:05:17,480 --> 01:05:18,147 INVESTMENT IN OPERATING. THOSE 1694 01:05:18,147 --> 01:05:21,484 WERE PAID FOR BY THE SEATTLE 1695 01:05:21,484 --> 01:05:23,219 HOUSING LEVEE. FOR A LONG TIME 1696 01:05:23,219 --> 01:05:25,454 SINCE THE BEGINNING, WE HAVE 1697 01:05:25,454 --> 01:05:26,689 BEEN INVESTING MINIMAL AMOUNTS, 1698 01:05:26,689 --> 01:05:30,293 BUT CONSISTENT, STEADY AMOUNTS 1699 01:05:30,293 --> 01:05:33,362 IN OPERATING AND MAINTENANCE TO 1700 01:05:33,362 --> 01:05:35,531 SUPPORT THE CAPITAL INVESTMENTS 1701 01:05:35,531 --> 01:05:38,200 MADE WITH THE LEVEE IN RECENT 1702 01:05:38,200 --> 01:05:40,469 YEARS THE OFFICE HAS INCREASED 1703 01:05:40,469 --> 01:05:42,838 THESE OPERATIONS INCLUDING OMS 1704 01:05:42,838 --> 01:05:44,407 FOR PERMANENT SUPPORTIVE 1705 01:05:44,407 --> 01:05:45,474 HOUSING, WORKFORCE STABILIZATION 1706 01:05:45,474 --> 01:05:47,743 TO INCREASE THE STAFF WAGES AT 1707 01:05:47,743 --> 01:05:51,514 PSH PROPERTIES AND RESIDENT 1708 01:05:51,514 --> 01:05:53,182 SERVICES FOR NONPSH HOUSING TO 1709 01:05:53,182 --> 01:05:54,917 SUPPORT TENANTS WHO NEED THE 1710 01:05:54,917 --> 01:05:57,687 EXTRA HOUSING SUPPORT TO REMAIN 1711 01:05:57,687 --> 01:06:02,325 IN THEIR APARTMENTS. AT O.H. WE 1712 01:06:02,325 --> 01:06:04,593 ARE ALWAYS LISTEN TO OUR 1713 01:06:04,593 --> 01:06:05,628 PARTNERS AND MONITORING 1714 01:06:05,628 --> 01:06:06,495 PROJECTS. YOU WILL HEAR MORE 1715 01:06:06,495 --> 01:06:09,965 ABOUT WHAT WE HAVE DONE 1716 01:06:09,965 --> 01:06:11,334 RECENTLY. THIS SLIDE PROVIDES 1717 01:06:11,334 --> 01:06:17,873 KEY DETAILS ABOUT O.H.'S NEW 1718 01:06:17,873 --> 01:06:22,078 AND CONTINUED OPERATING SUPPORT, 1719 01:06:22,078 --> 01:06:22,545 SHOWING POINT IN TIME 1720 01:06:22,545 --> 01:06:23,145 INVESTMENTS IN 2023 AND 2026 1721 01:06:23,145 --> 01:06:25,181 ACROSS THREE PRIMARY OMS 1722 01:06:25,181 --> 01:06:25,715 CATEGORIES. THE PERMANENT 1723 01:06:25,715 --> 01:06:27,316 SUPPORTIVE WORK HOUSE 1724 01:06:27,316 --> 01:06:27,950 STABILIZATION FUND, LAUNCHED IN 1725 01:06:27,950 --> 01:06:30,019 2023, WITH THE NEW SEATTLE 1726 01:06:30,019 --> 01:06:33,289 HOUSING LEVEE AND INCREASED JUMP 1727 01:06:33,289 --> 01:06:34,457 START PAYROLL EXPENSE RESOURCES. 1728 01:06:34,457 --> 01:06:36,125 IT INTENDS TO INCREASE WORKER 1729 01:06:36,125 --> 01:06:37,793 WAGES FOR FOLKS DOING SOME OF 1730 01:06:37,793 --> 01:06:40,796 THE MOST IMPORTANT JOBS IN OUR 1731 01:06:40,796 --> 01:06:44,967 CITY AND PSH. THE PSH OMS LINE 1732 01:06:44,967 --> 01:06:46,635 ITEM, THE BASIC FUNDING KEEPING 1733 01:06:46,635 --> 01:06:47,670 THE LIGHTS ON AND SUPPORTING 1734 01:06:47,670 --> 01:06:48,971 HOUSING WE HAVE BEEN DOING IT 1735 01:06:48,971 --> 01:06:51,207 FOR A LONG TIME, BUT IT'S GROWN 1736 01:06:51,207 --> 01:06:53,075 IN RECENT YEARS, LARGELY DUE TO 1737 01:06:53,075 --> 01:06:56,278 CONTRACTION OF THIS TIME OF 1738 01:06:56,278 --> 01:06:57,847 FUNDING FROM THE FEDERAL 1739 01:06:57,847 --> 01:06:59,181 GOVERNMENT. THE CITY HAS STEPPED 1740 01:06:59,181 --> 01:07:07,456 IN TO MAKE SURE NEW PSH HAS BEEN 1741 01:07:07,456 --> 01:07:09,158 OPENING IN RECENT YEARS. 1742 01:07:09,158 --> 01:07:09,759 RESIDENT SERVICES PAYING FOR 1743 01:07:09,759 --> 01:07:10,593 STAFFING AND RESIDENT SERVICES 1744 01:07:10,593 --> 01:07:12,027 THAT OFFER RESOURCES AND SUPPORT 1745 01:07:12,027 --> 01:07:19,502 TO PROVIDE HOUSING STABILITY FOR 1746 01:07:19,502 --> 01:07:19,769 TENANTS. 1747 01:07:19,769 --> 01:07:21,470 >> THANKS, KELLY. MARIA AGAIN. 1748 01:07:21,470 --> 01:07:22,738 THE OFFICE OF HOUSING HAS 1749 01:07:22,738 --> 01:07:25,741 RESPONDED TO THE CHALLENGES BY 1750 01:07:25,741 --> 01:07:27,576 PROVIDING URGENT, OPERATING 1751 01:07:27,576 --> 01:07:28,844 SUPPORT ALSO CALLED UOS FOR 1752 01:07:28,844 --> 01:07:30,913 SUPPORT IN THE FORM OF FLEXIBLE 1753 01:07:30,913 --> 01:07:32,882 GRANTS TO OUR AFFORDABLE HOUSING 1754 01:07:32,882 --> 01:07:35,050 PARTNERS TO FILL THE MOST 1755 01:07:35,050 --> 01:07:36,585 CRITICAL OPERATING GRANTS THAT 1756 01:07:36,585 --> 01:07:38,754 EMERGED AFTER THE PANDEMIC. IN 1757 01:07:38,754 --> 01:07:41,690 2026, THE OFFICE OF HOUSING 1758 01:07:41,690 --> 01:07:43,492 RELEASED 14.2 MILLION IN 1759 01:07:43,492 --> 01:07:46,662 FLEXIBLE FUNDING TO COVER THINGS 1760 01:07:46,662 --> 01:07:48,130 LIKE RENT ASSISTANCE, 1761 01:07:48,130 --> 01:07:49,331 MAINTENANCE, SECURITY, AND 1762 01:07:49,331 --> 01:07:50,199 INSURANCE. ONCE THESE GRANT 1763 01:07:50,199 --> 01:07:52,134 FUNDS WERE SPENT DOWN, WE HEARD 1764 01:07:52,134 --> 01:07:58,174 FROM OUR PARTNERS THAT THERE WAS 1765 01:07:58,174 --> 01:08:01,043 CONTINUING NEED. AND IN 2025 1766 01:08:01,043 --> 01:08:02,211 O.H. RELEASED SIMILAR FLEXIBLE 1767 01:08:02,211 --> 01:08:07,583 FUNDING FOR THESE TYPES OF 1768 01:08:07,583 --> 01:08:08,717 OPERATING EXPENSES. O.H. ALSO 1769 01:08:08,717 --> 01:08:12,455 RECENTLY RELEASED AN RFQ FOR 1770 01:08:12,455 --> 01:08:14,323 CONSULTANT CONTRACTS FOR 1.7 1771 01:08:14,323 --> 01:08:15,691 MILLION TO FUND PORTFOLIO 1772 01:08:15,691 --> 01:08:16,826 PRESERVATION PLANNING. I WILL 1773 01:08:16,826 --> 01:08:21,931 TALK A LITTLE BIT MORE ABOUT 1774 01:08:21,931 --> 01:08:24,533 THAT IN A MOMENT. O.H. SCALED 1775 01:08:24,533 --> 01:08:28,304 AWARDS BASED ON THE HOUSING 1776 01:08:28,304 --> 01:08:28,971 PROVIDER'S PORTFOLIO SIZE. 22 1777 01:08:28,971 --> 01:08:31,574 ORGANIZATIONS WERE FUNDED WITH 1778 01:08:31,574 --> 01:08:33,042 AN AVERAGE AWARD OF 1.2 MILLION. 1779 01:08:33,042 --> 01:08:37,213 THE FUNDING CAN BE USED TO COVER 1780 01:08:37,213 --> 01:08:42,151 EXPENSES BETWEEN JULY 2025, SO 1781 01:08:42,151 --> 01:08:44,119 BACK DATED, THROUGH DECEMBER 1782 01:08:44,119 --> 01:08:46,155 2027. CONTRACTING IS UNDERWAY, 1783 01:08:46,155 --> 01:08:47,890 AND THE FIRST GRANT REPORTS ARE 1784 01:08:47,890 --> 01:08:54,730 DUE JUNE 2026. THIS SLIDE SHOWS 1785 01:08:54,730 --> 01:08:56,565 THE BREAKDOWN OF THE ANTICIPATED 1786 01:08:56,565 --> 01:08:58,534 USES. THE LARGEST SHARE OF FUNDS 1787 01:08:58,534 --> 01:08:59,502 WILL GO TO MAINTENANCE, RENT 1788 01:08:59,502 --> 01:09:02,371 ASSISTANCE, AND INSURANCE, AND A 1789 01:09:02,371 --> 01:09:05,007 SMALLER SHARE WILL GO TOWARDS 1790 01:09:05,007 --> 01:09:08,744 CAPITAL NEEDS, SECURITY, 1791 01:09:08,744 --> 01:09:10,946 STAFFING, AND ADMIN. LAST WEEK 1792 01:09:10,946 --> 01:09:14,316 THE OFFICE OF HOUSING RELEASED 1793 01:09:14,316 --> 01:09:18,554 AN RFQ REQUESTING QUALIFICATIONS 1794 01:09:18,554 --> 01:09:19,622 FROM CONSULTANTS TO CREATE 1795 01:09:19,622 --> 01:09:22,258 PORTFOLIO PLANS FOR THE CITY 1796 01:09:22,258 --> 01:09:22,958 INVESTMENT PORTFOLIO. THESE 1797 01:09:22,958 --> 01:09:25,127 PLANS WILL ASSESS THE PHYSICAL, 1798 01:09:25,127 --> 01:09:26,428 OPERATIONAL, AND FINANCIAL 1799 01:09:26,428 --> 01:09:29,698 PERFORMANCE OF BUILDINGS IN THE 1800 01:09:29,698 --> 01:09:30,966 CITY PORTFOLIO, AND IDENTIFY 1801 01:09:30,966 --> 01:09:33,435 STEPS NEEDED TO IMPROVE 1802 01:09:33,435 --> 01:09:35,437 OPERATIONS AND HELP US DETERMINE 1803 01:09:35,437 --> 01:09:37,740 WHETHER FUTURE PUBLIC INVESTMENT 1804 01:09:37,740 --> 01:09:39,942 WILL BE NEEDED. THESE PLANS WILL 1805 01:09:39,942 --> 01:09:42,044 HELP O.H. DEEPLY UNDERSTAND THE 1806 01:09:42,044 --> 01:09:43,913 NEEDS OF THE ORGANIZATIONS BY 1807 01:09:43,913 --> 01:09:44,513 SURFACING PERFORMANCE 1808 01:09:44,513 --> 01:09:46,549 ORGANIZATIONS AT BUILDINGS AND 1809 01:09:46,549 --> 01:09:47,650 ESTABLISHING A CLEAR TIMELINE 1810 01:09:47,650 --> 01:09:50,019 AND STRATEGY FOR ADDRESSING THEM 1811 01:09:50,019 --> 01:09:51,186 THROUGH THE DELIBERATE PLANNING 1812 01:09:51,186 --> 01:09:53,055 OF THE NEXT 5 TO 20 YEARS. WE 1813 01:09:53,055 --> 01:09:55,591 EXPECT TO HAVE A ROSTER OF 1814 01:09:55,591 --> 01:09:58,160 CONSULTANTS IN PLACE BY EARLY 1815 01:09:58,160 --> 01:10:00,796 SUMMER WITH THE WORK ITSELF 1816 01:10:00,796 --> 01:10:02,231 BEGINNING THIS FALL IN 1817 01:10:02,231 --> 01:10:04,900 PARTNERSHIP WITH OUR AFFORDABLE 1818 01:10:04,900 --> 01:10:06,769 HOUSING PARTNERS. TOGETHER THESE 1819 01:10:06,769 --> 01:10:08,571 EFFORTS REFLECT A MULTIFACETED 1820 01:10:08,571 --> 01:10:11,240 STRATEGY TO PROTECT SEATTLE'S 1821 01:10:11,240 --> 01:10:12,174 AFFORDABLE HOUSING INVENTORY AND 1822 01:10:12,174 --> 01:10:13,075 ENSURE IT'S LONG-TERM 1823 01:10:13,075 --> 01:10:14,977 VIABILITY. NOW I WILL HAND IT 1824 01:10:14,977 --> 01:10:15,945 OVER TO MADISON. 1825 01:10:15,945 --> 01:10:17,913 >> THANK YOU. 1826 01:10:17,913 --> 01:10:19,882 >> MADISON KRAMMER WITH THE 1827 01:10:19,882 --> 01:10:21,450 CAPITAL INVESTMENTS TEAM. I'M 1828 01:10:21,450 --> 01:10:24,453 HERE TO TALK ABOUT DEBT 1829 01:10:24,453 --> 01:10:26,789 RESTRUCTURING LOANS PART OF THE 1830 01:10:26,789 --> 01:10:29,058 2025 NOFA ALSO HEARD AS 1831 01:10:29,058 --> 01:10:30,092 STABILIZATION LOANS THIS IS A 1832 01:10:30,092 --> 01:10:31,894 NEW TOOL FOR THE OFFICE OF 1833 01:10:31,894 --> 01:10:33,229 HOUSING. WE KNOW THAT MORE 1834 01:10:33,229 --> 01:10:34,997 BUILDINGS ARE OPERATING AT A 1835 01:10:34,997 --> 01:10:39,702 LOSS AND AT A SCALE THAT 1836 01:10:39,702 --> 01:10:44,506 AFFORDABLE HOUSING PROVIDERS 1837 01:10:44,506 --> 01:10:46,308 CANNOT ABSORB. WE GOT CREATIVE 1838 01:10:46,308 --> 01:10:49,878 IN TRENDS, AND THE 2025 ROUND, 1839 01:10:49,878 --> 01:10:51,080 WE ALLOWED PROVIDERS TO APPLY 1840 01:10:51,080 --> 01:10:52,681 FOR FUNDING TO BUY DOWN THEIR 1841 01:10:52,681 --> 01:10:56,819 SENIOR DEBT. THE GOAL WITH THESE 1842 01:10:56,819 --> 01:11:00,556 LOANS IS TO REDUCE MONTHLY 1843 01:11:00,556 --> 01:11:02,992 PAYMENTS SO OWNERS CAN AFFORD 1844 01:11:02,992 --> 01:11:04,927 HIGHER EXPENSES AND MAINTAIN 1845 01:11:04,927 --> 01:11:06,595 LOWER RENTS. WE LIMITED 1846 01:11:06,595 --> 01:11:07,997 APPLICATIONS TO THREE PER 1847 01:11:07,997 --> 01:11:11,066 PROVIDER ACROSS NEW 1848 01:11:11,066 --> 01:11:11,867 CONSTRUCTION, BUILDING 1849 01:11:11,867 --> 01:11:12,701 PRESERVATION, REHAB, AND DEBT 1850 01:11:12,701 --> 01:11:14,703 BUYDOWN TO GIVE THE OPPORTUNITY 1851 01:11:14,703 --> 01:11:17,673 TO PRIORITIZE THEIR GREATEST 1852 01:11:17,673 --> 01:11:18,874 NEEDS. WE RECEIVED 13 1853 01:11:18,874 --> 01:11:22,511 APPLICATIONS FOR DEBT BUYDOWN IN 1854 01:11:22,511 --> 01:11:24,480 TOTAL. OF THOSE, WE ULTIMATELY 1855 01:11:24,480 --> 01:11:26,849 AWARDED NINE BUILDINGS 1856 01:11:26,849 --> 01:11:31,854 COMMITTING 58 MILLION FOR THESE 1857 01:11:31,854 --> 01:11:34,223 PROPERTIES. SO IN REVIEWING ALL 1858 01:11:34,223 --> 01:11:37,059 13 APPLICATIONS, A NUMBER OF 1859 01:11:37,059 --> 01:11:38,994 CONSISTENT TRENDS EMERGED, 1860 01:11:38,994 --> 01:11:40,429 ESPECIALLY FOUR. ONE AMONGST 1861 01:11:40,429 --> 01:11:42,865 THEM WAS THAT OPERATING EXPENSES 1862 01:11:42,865 --> 01:11:45,301 HAD NEARLY DOUBLED IN THE TIME 1863 01:11:45,301 --> 01:11:55,511 BETWEEN 2019 AND 2024 FOR THESE 1864 01:11:55,511 --> 01:11:59,615 BUILDINGS. APPLICANTS NOTED IT 1865 01:11:59,615 --> 01:12:01,250 WAS DRIVEN BY REPAIRS AND 1866 01:12:01,250 --> 01:12:02,885 STAFFING. THERE WAS A MISMATCH 1867 01:12:02,885 --> 01:12:03,752 BETWEEN WHO THE BUILDINGS WERE 1868 01:12:03,752 --> 01:12:06,755 DESIGNED TO SUPPORT AND WHO THEY 1869 01:12:06,755 --> 01:12:07,990 ARE SERVING. MANY PROPERTIES 1870 01:12:07,990 --> 01:12:10,426 TARGETED 50 AND 60% AMI RENTERS 1871 01:12:10,426 --> 01:12:12,594 AND WERE NOW SERVING RESIDENTS 1872 01:12:12,594 --> 01:12:16,899 CLOSER TO 0% TO 30% AMI, MANY 1873 01:12:16,899 --> 01:12:19,635 WITHOUT THEIR OWN RENTAL 1874 01:12:19,635 --> 01:12:21,770 SUBSIDIES. SO THIS REFLECTS BOTH 1875 01:12:21,770 --> 01:12:24,139 STRUCTURAL FACTORS, RIGHT, IN 1876 01:12:24,139 --> 01:12:27,543 THE U.S. AFFORDABLE HOUSING IS 1877 01:12:27,543 --> 01:12:28,177 OFTEN SUBSIDIZING CONSTRUCTION 1878 01:12:28,177 --> 01:12:31,680 RATHER THAN ONGOING RENTS, AND 1879 01:12:31,680 --> 01:12:33,949 THAT HAS BEEN THE CASE FOR OVER 1880 01:12:33,949 --> 01:12:37,319 THE LAST 30 YEARS FEDERALLY, AND 1881 01:12:37,319 --> 01:12:38,787 ALSO REFLECTS MARKET DYNAMICS, 1882 01:12:38,787 --> 01:12:40,322 INCLUDING RESIDENTS WITH MORE 1883 01:12:40,322 --> 01:12:42,024 HOUSING OPTIONS HAVING MORE 1884 01:12:42,024 --> 01:12:45,127 CHOICES ACROSS THE CITY. 1885 01:12:45,127 --> 01:12:47,429 APPLICANTS ALSO, IN THIS ROUND, 1886 01:12:47,429 --> 01:12:49,698 REPORTED CHALLENGES RESPONDING 1887 01:12:49,698 --> 01:12:50,833 QUICKLY TO SAFETY CONCERNS, AND 1888 01:12:50,833 --> 01:12:52,434 CRIMINAL ACTIVITY, WHICH THEY 1889 01:12:52,434 --> 01:12:54,036 REPORTED WAS IMPACTING RETENTION 1890 01:12:54,036 --> 01:12:57,072 OF RESIDENTS WITH MORE HOUSING 1891 01:12:57,072 --> 01:12:59,775 OPTIONS. THE RESULT OF THIS WAS 1892 01:12:59,775 --> 01:13:02,077 A WIDENING GAP BETWEEN RENTAL 1893 01:13:02,077 --> 01:13:06,115 INCOME AND OPERATING COSTS. SO A 1894 01:13:06,115 --> 01:13:08,817 THIRD MORE DIRECTLY WAS THE 1895 01:13:08,817 --> 01:13:10,719 RENTAL REVENUE HAS FALLEN 1896 01:13:10,719 --> 01:13:12,421 CONSIDERABLY RELATED TO LOWER 1897 01:13:12,421 --> 01:13:14,189 RENTS, AND ALSO HIGHER VACANCY 1898 01:13:14,189 --> 01:13:17,726 AND RISING UNPAID RENT. AMONGST 1899 01:13:17,726 --> 01:13:20,529 THE 13 PROJECTS, THE AVERAGE 1900 01:13:20,529 --> 01:13:23,365 PHYSICAL VACANCY OVER A 12-MONTH 1901 01:13:23,365 --> 01:13:26,835 PERIOD WAS 87%, SORRY, AVERAGE 1902 01:13:26,835 --> 01:13:28,404 FISCAL OCCUPANCY, SO 13% 1903 01:13:28,404 --> 01:13:30,839 VACANCY. THE AVERAGE UNPAID RENT 1904 01:13:30,839 --> 01:13:35,077 THAT WAS OVER 30 DAYS DUE WAS 1905 01:13:35,077 --> 01:13:37,713 119,000 PER BUILDING, WHICH IS 1906 01:13:37,713 --> 01:13:39,014 ROUGHLY EQUIVALENT TO EVERY 1907 01:13:39,014 --> 01:13:46,855 SINGLE HOUSEHOLD OF THOSE OWING 1908 01:13:46,855 --> 01:13:48,791 JUST OVER $1,200. IN ADDITION TO 1909 01:13:48,791 --> 01:13:50,826 THE DIRECT IMPACT TO PROJECT 1910 01:13:50,826 --> 01:13:52,094 INCOME, WE ALSO HEARD 1911 01:13:52,094 --> 01:13:55,197 OVERWHELMINGLY THAT THE STAFF 1912 01:13:55,197 --> 01:13:56,698 AND ADMINISTRATIVE COST TO STAFF 1913 01:13:56,698 --> 01:13:58,767 AND COLLECT RENT OR SUPPORT 1914 01:13:58,767 --> 01:14:00,435 RESIDENTS IN NAVIGATING SERVICES 1915 01:14:00,435 --> 01:14:03,238 SO THEY WOULDN'T FALL BEHIND 1916 01:14:03,238 --> 01:14:04,139 HAD RISEN SIGNIFICANTLY, AND 1917 01:14:04,139 --> 01:14:05,507 FINALLY, WE ALSO HAD ANOTHER 1918 01:14:05,507 --> 01:14:07,543 TREND OF BUILDINGS THAT ARE 1919 01:14:07,543 --> 01:14:10,746 AGING, AND THEY ARE FACING 1920 01:14:10,746 --> 01:14:12,047 REFINANCING CHALLENGES, 1921 01:14:12,047 --> 01:14:14,183 ESPECIALLY WITH BALLOON PAYMENTS 1922 01:14:14,183 --> 01:14:18,654 COMING DUE AND INABILITIES TO 1923 01:14:18,654 --> 01:14:19,855 TAKE ON ADDITIONAL DEBT FOR 1924 01:14:19,855 --> 01:14:23,258 REPAIRS THAT ARE GROWING IN 1925 01:14:23,258 --> 01:14:24,660 NEED. SO TO ADDRESS THESE 1926 01:14:24,660 --> 01:14:26,862 COMPLEX CHALLENGES IS DEFINITELY 1927 01:14:26,862 --> 01:14:30,532 NOT AN EASY TASK. YET IN THIS 1928 01:14:30,532 --> 01:14:33,168 ROUND WE HAVE GONE BIG AND ALSO 1929 01:14:33,168 --> 01:14:35,871 GOT EXTREMELY CREATIVE TO MAKE 1930 01:14:35,871 --> 01:14:36,505 SURE SOLUTIONS MATCHED THE 1931 01:14:36,505 --> 01:14:40,809 UNIQUE PROBLEMS FOR EACH 1932 01:14:40,809 --> 01:14:42,411 BUILDING. ULTIMATELY THESE 1933 01:14:42,411 --> 01:14:43,312 INVESTMENTS AVOID IMMEDIATE 1934 01:14:43,312 --> 01:14:45,180 RISKS OF FORECLOSURE AND RELIEVE 1935 01:14:45,180 --> 01:14:47,916 PRESSURES ON PROVIDERS. THESE 1936 01:14:47,916 --> 01:14:49,585 LOANS ALSO ALLOW DEEPER 1937 01:14:49,585 --> 01:14:50,152 AFFORDABILITY LONG-TERM AND 1938 01:14:50,152 --> 01:14:53,822 ENSURE THE BUILDINGS CAN BE 1939 01:14:53,822 --> 01:14:55,924 MAINTAINED YEAR OVER YEAR. AT 1940 01:14:55,924 --> 01:15:00,529 THE SAME TIME, WE ARE 1941 01:15:00,529 --> 01:15:01,630 REPLENISHING THE OPERATING 1942 01:15:01,630 --> 01:15:05,501 RESERVES SO THEY ARE READY FOR 1943 01:15:05,501 --> 01:15:06,835 TOMORROW'S RAINY DAYS. ANOTHER 1944 01:15:06,835 --> 01:15:08,170 OUTCOME, ON SEVERAL PROJECTS 1945 01:15:08,170 --> 01:15:10,105 WHERE THE TRENDS WARRANTED 1946 01:15:10,105 --> 01:15:11,640 GREATER TEMPORARY SUPPORT FOR 1947 01:15:11,640 --> 01:15:12,875 STABILIZATION AND COST SAVINGS, 1948 01:15:12,875 --> 01:15:15,611 WE ALSO FUNDED THIRD PARTY 1949 01:15:15,611 --> 01:15:16,845 CONSULTING CAPACITY TO COME IN 1950 01:15:16,845 --> 01:15:19,381 AND SUPPORT THEM. WITH THIS 1951 01:15:19,381 --> 01:15:21,350 LEVEL OF INVESTMENT, THE 1952 01:15:21,350 --> 01:15:23,986 EXPECTATION IS THAT WE ARE 1953 01:15:23,986 --> 01:15:27,823 SOLVING FOR THE BIGGEST DRAINS, 1954 01:15:27,823 --> 01:15:28,857 SUPPORTING AND INCENTIVIZING 1955 01:15:28,857 --> 01:15:33,328 STRATEGIES APPLIED TO THE WIDER 1956 01:15:33,328 --> 01:15:35,530 PORTFOLIO, AND GIVING BREATHING 1957 01:15:35,530 --> 01:15:36,732 ROOM TO STABILIZE OTHER 1958 01:15:36,732 --> 01:15:37,733 PROPERTIES THROUGH OTHER MEANS. 1959 01:15:37,733 --> 01:15:39,701 ALL THAT TO SAY WE KNOW THERE IS 1960 01:15:39,701 --> 01:15:42,571 A GREATER NEED TO EXIST IN THE 1961 01:15:42,571 --> 01:15:46,575 O.H. GREATER PORTFOLIO AND ARE 1962 01:15:46,575 --> 01:15:47,809 ACTIVELY SEARCHING THE NEED, BUT 1963 01:15:47,809 --> 01:15:49,678 THAT DOESN'T MEAN THAT WE NEED 1964 01:15:49,678 --> 01:15:51,046 TO INVEST TO THIS EXTENT ON 1965 01:15:51,046 --> 01:15:53,148 EVERY SINGLE ONE OF THE OTHER 1966 01:15:53,148 --> 01:15:55,817 THOUSANDS OF HOMES WE REGULATE 1967 01:15:55,817 --> 01:15:56,852 AS AFFORDABLE. SO WITH THAT, I 1968 01:15:56,852 --> 01:15:58,487 KNOW WE HAVE SHARED A LOT OF 1969 01:15:58,487 --> 01:16:00,055 INFORMATION, AND I IMAGINE YOU 1970 01:16:00,055 --> 01:16:01,356 HAVE QUESTIONS. I THINK WE ARE 1971 01:16:01,356 --> 01:16:03,525 GOING TO TAKE QUESTIONS BEFORE 1972 01:16:03,525 --> 01:16:07,563 WE GET INTO THE DASHBOARD 1973 01:16:07,563 --> 01:16:07,863 DISCUSSION. 1974 01:16:07,863 --> 01:16:09,998 >> THANK YOU SO MUCH. I 1975 01:16:09,998 --> 01:16:11,333 APPRECIATE THE PRESENTATION 1976 01:16:11,333 --> 01:16:13,802 TODAY AND THE SUMMARY OF 1977 01:16:13,802 --> 01:16:14,903 INVESTMENTS. WE LOOK FORWARD TO 1978 01:16:14,903 --> 01:16:16,572 MORE INVESTMENT AS YOU GO 1979 01:16:16,572 --> 01:16:17,339 THROUGH THE REMAINDER OF THE 1980 01:16:17,339 --> 01:16:19,474 PROCESS AS WE SPOKE AT THE 1981 01:16:19,474 --> 01:16:20,342 BEGINNING. A PARTIAL RESPONSE 1982 01:16:20,342 --> 01:16:22,978 TO WHAT WAS IN THE STATEMENT OF 1983 01:16:22,978 --> 01:16:25,314 LEGISLATIVE INTENT. WITH THAT, I 1984 01:16:25,314 --> 01:16:27,983 WANT TO OPEN IT UP TO MY 1985 01:16:27,983 --> 01:16:29,151 COLLEAGUES ON THE COMMITTEE TO 1986 01:16:29,151 --> 01:16:36,325 ASK ANY QUESTIONS YOU MAY HAVE. 1987 01:16:36,325 --> 01:16:36,792 COUNCILMEMBER RINCK? 1988 01:16:36,792 --> 01:16:38,193 >> THANK YOU, CHAIR. THANK YOU 1989 01:16:38,193 --> 01:16:39,227 FOR PROVIDING THIS INFORMATION 1990 01:16:39,227 --> 01:16:40,963 AND FOR THE CONTINUED WORK THAT 1991 01:16:40,963 --> 01:16:43,765 YOU ARE DOING AT THE OFFICE OF 1992 01:16:43,765 --> 01:16:44,266 HOUSING. IT'S GREATLY 1993 01:16:44,266 --> 01:16:45,534 APPRECIATED. I KNOW THERE'S A 1994 01:16:45,534 --> 01:16:47,669 LOT OF QUESTIONS, JUST ABOUT ALL 1995 01:16:47,669 --> 01:16:49,671 OF THE ONGOING PROJECTS THAT WE 1996 01:16:49,671 --> 01:16:51,206 HAVE GOING ON. AS A QUICK 1997 01:16:51,206 --> 01:16:52,374 REFRESHER F YOU CAN HIGH-LEVEL 1998 01:16:52,374 --> 01:16:55,043 WALK US THROUGH THE STAGES OF 1999 01:16:55,043 --> 01:16:56,612 DEVELOPMENT FOR O.H. PROJECTS 2000 01:16:56,612 --> 01:16:57,546 AND APPROXIMATELY THE TIMELINES 2001 01:16:57,546 --> 01:16:59,047 ASSOCIATED WITH THOSE THAT WOULD 2002 01:16:59,047 --> 01:17:02,384 BE HELPFUL IN FRAMING UP THIS 2003 01:17:02,384 --> 01:17:02,684 DISCUSSION. 2004 01:17:02,684 --> 01:17:05,220 >> SO YOU WILL SEE A LITTLE OF 2005 01:17:05,220 --> 01:17:08,090 THAT LATER ON, BUT GENERALLY WE 2006 01:17:08,090 --> 01:17:10,158 HAVE PROJECTS START IN 2007 01:17:10,158 --> 01:17:11,860 APPLICATION PHASE, COMING TO US, 2008 01:17:11,860 --> 01:17:13,628 SEEKING FUNDS. SOME AMOUNT OF 2009 01:17:13,628 --> 01:17:14,763 WORK OCCURS BEFORE THAT, BUT 2010 01:17:14,763 --> 01:17:17,065 THEY COME TO US SAYING WE HAVE A 2011 01:17:17,065 --> 01:17:19,935 PROJECT. WE ARE SEEKING SOME 2012 01:17:19,935 --> 01:17:20,836 MONEY FROM YOU TO GO SECURE 2013 01:17:20,836 --> 01:17:23,705 OTHER FUNDS TO MAKE THE PROJECT 2014 01:17:23,705 --> 01:17:30,746 WORK. WE HAVE THIS WHOLE SECTION 2015 01:17:30,746 --> 01:17:31,780 IS DEEMED PREDEVELOPMENT. THEN 2016 01:17:31,780 --> 01:17:34,549 WE AWARD FUNDS THROUGH THE 2017 01:17:34,549 --> 01:17:35,150 COMPETITIVE ROUND TO LAUNCH 2018 01:17:35,150 --> 01:17:36,618 PROJECTS INTO THE PERIOD WHERE 2019 01:17:36,618 --> 01:17:38,887 THEY ARE SEEKING OTHER FUNDS, SO 2020 01:17:38,887 --> 01:17:41,056 THEY CAN COMPLETELY FINANCE THE 2021 01:17:41,056 --> 01:17:43,258 PROJECT. PROJECTS GO UNDER 2022 01:17:43,258 --> 01:17:43,892 CONSTRUCTION. THE CONSTRUCTION 2023 01:17:43,892 --> 01:17:47,062 PERIOD USUALLY LASTS 12 TO 24 2024 01:17:47,062 --> 01:17:47,796 MONTHS IF EVERYTHING WORKS 2025 01:17:47,796 --> 01:17:49,765 ACCORDING TO PLAN, AND THEN THE 2026 01:17:49,765 --> 01:17:51,133 LEASE UP, AND STABILIZATION 2027 01:17:51,133 --> 01:17:53,168 TIMELINE THAT CAN, YOU KNOW, 2028 01:17:53,168 --> 01:17:54,503 TAKE SOME TIME, BUT AGAIN, 12 TO 2029 01:17:54,503 --> 01:17:57,372 18 MONTHS, AND THEN THEY ARE IN 2030 01:17:57,372 --> 01:17:58,607 THIS PERIOD OF OPERATIONS THAT 2031 01:17:58,607 --> 01:18:00,976 HAS -- CAN GO FOR MANY YEARS, 2032 01:18:00,976 --> 01:18:01,843 HOPEFULLY, BEFORE THEY ARE 2033 01:18:01,843 --> 01:18:04,446 COMING BACK TO US FOR 2034 01:18:04,446 --> 01:18:05,013 PRESERVATION INVESTMENTS. 2035 01:18:05,013 --> 01:18:09,351 THAT'S THE LIFE CYCLE, AND YOU 2036 01:18:09,351 --> 01:18:11,353 WILL SEE THAT LATER IN KATE'S 2037 01:18:11,353 --> 01:18:11,686 PRESENTATION. 2038 01:18:11,686 --> 01:18:14,222 >> THANK YOU FOR THAT. SORRY FOR 2039 01:18:14,222 --> 01:18:16,858 JUMPING THE GUN A LITTLE BIT ON 2040 01:18:16,858 --> 01:18:18,226 THAT ONE, BUT I'M REALLY 2041 01:18:18,226 --> 01:18:19,895 EXCITED TO DIG INTO THE 2042 01:18:19,895 --> 01:18:21,296 DASHBOARD PORTION OF THIS 2043 01:18:21,296 --> 01:18:21,863 PRESENTATION. I WANT TO 2044 01:18:21,863 --> 01:18:23,565 ACKNOWLEDGE ONE POINT HERE, AND 2045 01:18:23,565 --> 01:18:25,200 I APPRECIATE YOU LAYING OUT KIND 2046 01:18:25,200 --> 01:18:27,235 OF ALL OF THE IDENTIFIED CAUSAL 2047 01:18:27,235 --> 01:18:31,206 FACTORS OF WHY WE NEED TO TAKE A 2048 01:18:31,206 --> 01:18:32,307 FOCUSED APPROACH ON OPERATING 2049 01:18:32,307 --> 01:18:33,542 DOLLARS FOR OUR BUILDINGS. ONE 2050 01:18:33,542 --> 01:18:39,047 THING I KNOW IN MY CONVERSATIONS 2051 01:18:39,047 --> 01:18:41,216 WITH TENANTS, THERE'S A LOT OF 2052 01:18:41,216 --> 01:18:42,818 CONFUSION AROUND WHAT IS ALSO 2053 01:18:42,818 --> 01:18:44,119 AFFORDABLE. WE TALK ABOUT THIS 2054 01:18:44,119 --> 01:18:46,488 TERM AMI AND REALLY WHAT DOES 2055 01:18:46,488 --> 01:18:49,157 THAT MEAN? I KNOW YOU IDENTIFIED 2056 01:18:49,157 --> 01:18:51,059 EARLY ON IN THE PRESENTATION 2057 01:18:51,059 --> 01:18:51,927 AROUND THE RAPIDLY INCREASING 2058 01:18:51,927 --> 01:18:55,363 AMI AND HOW IT'S IMPACTING 2059 01:18:55,363 --> 01:18:57,666 RENTERS. I'M WONDERING IF AN 2060 01:18:57,666 --> 01:18:58,767 O.H. PERSPECTIVE, CAN YOU UNPACK 2061 01:18:58,767 --> 01:19:00,769 WHAT WE ARE TALKING ABOUT WITH 2062 01:19:00,769 --> 01:19:02,671 WHAT IS HAPPENING WITH AMI RIGHT 2063 01:19:02,671 --> 01:19:03,839 NOW AND FOR MY PERSPECTIVE, 2064 01:19:03,839 --> 01:19:07,709 LOOKING AT WHAT IS GOING ON WITH 2065 01:19:07,709 --> 01:19:10,679 THE RENTER COMMUNITY, AND HOW 2066 01:19:10,679 --> 01:19:13,014 THAT IS TRANSLATING TO INCREASED 2067 01:19:13,014 --> 01:19:13,381 AFFORDABILITY? 2068 01:19:13,381 --> 01:19:15,417 >> YOU BET. OVER A PERIOD OF 2069 01:19:15,417 --> 01:19:16,952 ABOUT FIVE YEARS, WHICH IS THE 2070 01:19:16,952 --> 01:19:18,487 PERIOD I AM MOST FAMILIAR WITH, 2071 01:19:18,487 --> 01:19:20,522 WE HAVE NOT UPDATED OUR NUMBERS 2072 01:19:20,522 --> 01:19:23,258 RECENTLY FOR THIS YEAR YET. WE 2073 01:19:23,258 --> 01:19:25,594 HAVE SEEN AN INCREASE IN THE 2074 01:19:25,594 --> 01:19:30,599 AREA MEDIAN INCOME IN SEATTLE 2075 01:19:30,599 --> 01:19:32,200 40%. OUR AREA MEDIAN INCOME SETS 2076 01:19:32,200 --> 01:19:34,636 THE RENT CHART THAT ALL 2077 01:19:34,636 --> 01:19:35,937 AFFORDABLE HOUSING PROVIDERS USE 2078 01:19:35,937 --> 01:19:37,939 TO ESTABLISH MAXIMUM RENTS. 2079 01:19:37,939 --> 01:19:40,108 THOSE ARE USED FOR ELIGIBILITY 2080 01:19:40,108 --> 01:19:42,177 PURPOSES TO QUALIFY RENTERS FOR 2081 01:19:42,177 --> 01:19:45,013 CERTAIN TYPES OF HOMES. YOU 2082 01:19:45,013 --> 01:19:46,882 HEARD MADISON REFERENCE 50% AND 2083 01:19:46,882 --> 01:19:48,450 60% AMI. FOR A LONG TIME, THAT 2084 01:19:48,450 --> 01:19:50,552 HAS BEEN SORT OF THE MEAT OF OUR 2085 01:19:50,552 --> 01:19:53,088 INVESTMENTS THAT WE ARE MAKING 2086 01:19:53,088 --> 01:19:56,892 AT THE OFFICE OF HOUSING AND 2087 01:19:56,892 --> 01:19:58,260 AFFORDABLE HOUSING. TYPICALLY 2088 01:19:58,260 --> 01:20:03,064 BELOW 30% OF AMI, AND MOST OF 2089 01:20:03,064 --> 01:20:04,833 THOSE FOLKS, CURRENTLY TODAY, 2090 01:20:04,833 --> 01:20:09,838 ARE SITTING AROUND THE AVERAGE 2091 01:20:09,838 --> 01:20:13,108 OF 11% AMI. MANY OF THE LOWER 2092 01:20:13,108 --> 01:20:14,643 INCOMES HAVE STAGNATED, AND THE 2093 01:20:14,643 --> 01:20:15,977 HIGHEST INCOMES ARE GROWING AT 2094 01:20:15,977 --> 01:20:21,750 VERY, VERY HIGH RATES. THERE IS 2095 01:20:21,750 --> 01:20:23,285 A DISPARITY. WHEN WE APPLY THE 2096 01:20:23,285 --> 01:20:24,953 WAY IT WORKS NOW, WE APPLY ALL 2097 01:20:24,953 --> 01:20:26,488 OF THE INCOMES INTO ONE 2098 01:20:26,488 --> 01:20:29,824 CATEGORY, AND THE RENTS INCREASE 2099 01:20:29,824 --> 01:20:31,660 FOR THE LOWEST WAGE FOLKS AT A 2100 01:20:31,660 --> 01:20:33,662 RATE THAT THEIR WAGE IS NOT 2101 01:20:33,662 --> 01:20:37,966 GROWING. THAT IS ONE THING THAT 2102 01:20:37,966 --> 01:20:39,034 IS HAPPENING. WHEN I FIRST 2103 01:20:39,034 --> 01:20:40,502 STARTED IN THIS WORK, FOLKS 2104 01:20:40,502 --> 01:20:42,537 LIVING IN SUPPORTIVE HOUSING 2105 01:20:42,537 --> 01:20:47,209 WERE CLOSER TO 20% OF AMI. 2106 01:20:47,209 --> 01:20:48,944 THERE'S BEEN A HUGE DROPOFF IN 2107 01:20:48,944 --> 01:20:49,811 WHERE THEY LAND ON THE RENT 2108 01:20:49,811 --> 01:20:52,781 CHART BECAUSE OF THE GROWTH OF 2109 01:20:52,781 --> 01:20:54,049 THE HIGHEST INCOME EARNERS IN 2110 01:20:54,049 --> 01:20:54,382 THE CITY. 2111 01:20:54,382 --> 01:20:56,084 >> THANK YOU FOR LAYING THAT 2112 01:20:56,084 --> 01:20:58,653 OUT. DO WE HAVE A SENSE OF 2113 01:20:58,653 --> 01:21:01,323 APPROXIMATELY WHERE THE AVERAGE 2114 01:21:01,323 --> 01:21:04,159 RENTER LAYS IN TERMS OF WHERE 2115 01:21:04,159 --> 01:21:04,793 THEIR AMI LEVEL FALLS NOW? 2116 01:21:04,793 --> 01:21:07,229 >> THE LAST TIME WE RAN THIS, WE 2117 01:21:07,229 --> 01:21:08,930 LOOKED AT TEN-YEAR DIFFERENTLY 2118 01:21:08,930 --> 01:21:14,636 FROM HOMEOWNERS AND RENTERS. OUR 2119 01:21:14,636 --> 01:21:16,972 RENTER HOUSEHOLDS SIT AROUND 2120 01:21:16,972 --> 01:21:20,475 75%, 70% TO 75% OF AREA MEDIAN 2121 01:21:20,475 --> 01:21:23,278 INCOME AS A DEMOGRAPHIC, AND 2122 01:21:23,278 --> 01:21:25,513 HOMEOWNERS ARE MUCH HIGHER THAN 2123 01:21:25,513 --> 01:21:28,149 THAT. I DON'T WANT TO GUESS AT 2124 01:21:28,149 --> 01:21:29,251 THE NUMBER, BUT MANY PERCENTILES 2125 01:21:29,251 --> 01:21:31,853 HIGHER THAN WHERE RENTERS ARE. 2126 01:21:31,853 --> 01:21:33,889 WHEN WE ARE ESTABLISHING POLICY 2127 01:21:33,889 --> 01:21:39,227 AROUND RENT LIMITS, WE SHOULD BE 2128 01:21:39,227 --> 01:21:41,029 WORKING REALLY FOCUSED ON THIS 2129 01:21:41,029 --> 01:21:42,564 GROUP OF RENTERS ALONE AND 2130 01:21:42,564 --> 01:21:44,099 TARGETING TO THAT GROUP. MORE 2131 01:21:44,099 --> 01:21:45,500 AND MORE, THAT'S WHAT OUR TEAM 2132 01:21:45,500 --> 01:21:49,671 IS DOING. THERE IS A NEED TO 2133 01:21:49,671 --> 01:21:51,373 BALANCE OUR INVESTMENTS MUCH 2134 01:21:51,373 --> 01:21:54,943 THAT WE ARE STILL ACHIEVING OUR 2135 01:21:54,943 --> 01:21:57,646 PRODUCTION GOALS, AND THERE IS A 2136 01:21:57,646 --> 01:21:58,580 NEED FOR LARGER FAMILY SIZED 2137 01:21:58,580 --> 01:21:59,981 HOMES IN THE HIGHER INCOME 2138 01:21:59,981 --> 01:22:02,384 LEVELS. AS WE HAVE SEEN IN MANY 2139 01:22:02,384 --> 01:22:07,689 OF THE HOUSING DATA CHARTS WE 2140 01:22:07,689 --> 01:22:09,524 HAVE SHARED THE HIGHEST NEEDS 2141 01:22:09,524 --> 01:22:11,693 ARE BELOW THE 50% OF THE MEDIAN 2142 01:22:11,693 --> 01:22:14,429 INCOME. THAT HOUSING IS THE MOST 2143 01:22:14,429 --> 01:22:18,300 COSTLY TO SUBSIDIZE FOR CAPITAL 2144 01:22:18,300 --> 01:22:19,334 AND OPERATING LONG-TERM, AND WE 2145 01:22:19,334 --> 01:22:20,969 NEED TO KEEP GOING WHATEVER WE 2146 01:22:20,969 --> 01:22:22,771 CAN TO INCREASE PRODUCTION AT 2147 01:22:22,771 --> 01:22:24,606 THOSE LEVELS, OTHERWISE, WE 2148 01:22:24,606 --> 01:22:25,974 CONTINUE TO COST BURDEN FOLKS IN 2149 01:22:25,974 --> 01:22:27,409 SOME OF THE HIGHER INCOME RENTS, 2150 01:22:27,409 --> 01:22:28,843 AND THEN WE ALSO NEED TO THINK 2151 01:22:28,843 --> 01:22:30,979 ABOUT THIS AS WE ARE, YOU KNOW, 2152 01:22:30,979 --> 01:22:32,147 WORKING THROUGH OUR OTHER POLICY 2153 01:22:32,147 --> 01:22:33,481 TOOLS THAT WE MANAGE AT THE 2154 01:22:33,481 --> 01:22:35,784 OFFICE OF HOUSING AND LAND USE 2155 01:22:35,784 --> 01:22:36,184 AND INCENTIVES. 2156 01:22:36,184 --> 01:22:37,752 >> THANK YOU FOR THAT. THANK 2157 01:22:37,752 --> 01:22:38,920 YOU, CHAIR. THOSE ARE MY 2158 01:22:38,920 --> 01:22:40,488 QUESTIONS FOR NOW. CLEARLY I'M 2159 01:22:40,488 --> 01:22:42,957 EXCITED FOR THE SECOND HALF THE 2160 01:22:42,957 --> 01:22:45,794 PRESENTATION, DIVING INTO THE 2161 01:22:45,794 --> 01:22:46,294 DASHBOARD. THANK YOU. 2162 01:22:46,294 --> 01:22:48,296 >> THANK YOU, SO MUCH 2163 01:22:48,296 --> 01:22:48,997 COUNCILMEMBER RINCK. I'M HEADED 2164 01:22:48,997 --> 01:22:49,564 TO COUNCILMEMBER LIN. 2165 01:22:49,564 --> 01:22:55,470 >> THANK YOU SO MUCH. GOOD TO 2166 01:22:55,470 --> 01:23:00,442 SEE YOU ALL. JUST ONE COMMENT 2167 01:23:00,442 --> 01:23:03,712 AND THEN QUESTIONS. IN TERMS OF 2168 01:23:03,712 --> 01:23:05,847 OPERATING SUPPORT AND I THINK OF 2169 01:23:05,847 --> 01:23:10,719 OUR HOUSING PROVIDERS AS SORT OF 2170 01:23:10,719 --> 01:23:12,921 SAFETY NET AS A LAST RESORT IN 2171 01:23:12,921 --> 01:23:14,956 MANY WAYS. WHEN OUR COMMUNITY'S 2172 01:23:14,956 --> 01:23:16,224 MENTAL HEALTH NEEDS OR SOMEBODY 2173 01:23:16,224 --> 01:23:19,227 LOSES THEIR JOB, YOU KNOW OUR 2174 01:23:19,227 --> 01:23:22,630 HOUSING PROVIDERS ARE COMMISSION 2175 01:23:22,630 --> 01:23:23,598 DREICH. -- DRIVEN. THEY ARE 2176 01:23:23,598 --> 01:23:25,133 DOING EVERYTHING THEY CAN TO 2177 01:23:25,133 --> 01:23:26,534 KEEP PEOPLE HOUSED AND WILL MAKE 2178 01:23:26,534 --> 01:23:28,937 IT WORK WHENEVER THEY CAN. AS I 2179 01:23:28,937 --> 01:23:34,342 SEE SOME OF THE OPERATING 2180 01:23:34,342 --> 01:23:37,212 SUPPORT NEEDS GO UP, TO ME, 2181 01:23:37,212 --> 01:23:40,682 IT'S A SIGN THAT OUR BROAD 2182 01:23:40,682 --> 01:23:45,320 SAFETY NET, WHETHER IT'S THE 2183 01:23:45,320 --> 01:23:46,821 MENTAL HEALTH SYSTEM OR MEDICAL 2184 01:23:46,821 --> 01:23:48,490 SYSTEM, THE SAFETY NETS ARE NOT 2185 01:23:48,490 --> 01:23:56,398 WORKING AND FALLING ON THE 2186 01:23:56,398 --> 01:23:59,968 HOUSING PROVIDERS ONE THING YOU 2187 01:23:59,968 --> 01:24:01,836 ALSO TALKED ABOUT A LITTLE BIT 2188 01:24:01,836 --> 01:24:03,905 THIS THINKING OF OUR PRODUCTION 2189 01:24:03,905 --> 01:24:05,740 AND THE STUDIOS, AND I KNOW 2190 01:24:05,740 --> 01:24:07,542 OFTEN IN THE PAST WE TALKED 2191 01:24:07,542 --> 01:24:09,911 ABOUT THE HOUSING PRODUCTION 2192 01:24:09,911 --> 01:24:12,814 GOALS AND UNITS, AND THAT HAD 2193 01:24:12,814 --> 01:24:15,050 SOME UNINTENDED CONSEQUENCES OF 2194 01:24:15,050 --> 01:24:17,452 SORT OF PRIORITIZING STUDIOS AND 2195 01:24:17,452 --> 01:24:18,653 ONE BEDROOMS INSTEAD OF 2196 01:24:18,653 --> 01:24:21,923 FAMILY-SIZED UNITS. AS WE THINK 2197 01:24:21,923 --> 01:24:23,992 OF OUR HOUSING PRODUCTION GOALS 2198 01:24:23,992 --> 01:24:25,627 ALSO THINKING ABOUT NOT WANTING 2199 01:24:25,627 --> 01:24:30,031 TO COMPETE WITH THE MARKET RATE 2200 01:24:30,031 --> 01:24:31,699 UNITS, HOW DO WE UPDATE OUR 2201 01:24:31,699 --> 01:24:33,034 HOUSING PRODUCTION GOALS SO THAT 2202 01:24:33,034 --> 01:24:35,203 WE ARE MORE PEOPLE FOCUSED SO WE 2203 01:24:35,203 --> 01:24:38,073 ARE TALKING ABOUT THE PEOPLE 2204 01:24:38,073 --> 01:24:45,313 SERVED SO THAT WE ARE NOT 2205 01:24:45,313 --> 01:24:46,514 DISINCENTIVIZING THROUGH THE 2206 01:24:46,514 --> 01:24:47,482 HOUSING PRODUCTION GOALS? 2207 01:24:47,482 --> 01:24:49,083 >> WE HAVE BEEN TALKING ABOUT 2208 01:24:49,083 --> 01:24:51,019 THIS AT THE OFFICE A BIT. I 2209 01:24:51,019 --> 01:24:52,153 THINK THE BIGGEST SHIFT THAT WE 2210 01:24:52,153 --> 01:24:56,191 MADE IS TO MOVE FROM A 2211 01:24:56,191 --> 01:24:57,459 DISCUSSION OF UNITS AND 2212 01:24:57,459 --> 01:24:59,494 APARTMENTS TO BEDROOMS AND 2213 01:24:59,494 --> 01:25:02,397 PEOPLE, AND THAT IS -- WE ARE 2214 01:25:02,397 --> 01:25:04,032 SORT OF UNDERWAY IN FIGURING OUT 2215 01:25:04,032 --> 01:25:05,733 HOW WE MAKE THAT MOVE. I THINK 2216 01:25:05,733 --> 01:25:06,835 IN THE INTERIM, WHAT WE HAVE 2217 01:25:06,835 --> 01:25:10,839 DONE, AND YOU CAN SEE IT IN OUR 2218 01:25:10,839 --> 01:25:12,474 ANNUAL REPORTS, TO BETTER REPORT 2219 01:25:12,474 --> 01:25:15,043 OUT THESE OUTCOMES ON A PER UNIT 2220 01:25:15,043 --> 01:25:19,047 AND PER BEDROOM INVESTMENT SO 2221 01:25:19,047 --> 01:25:21,149 THAT WE ARE TRACKING BOTH. 2222 01:25:21,149 --> 01:25:23,017 EVENTUALLY HOPING TO MOVE MORE 2223 01:25:23,017 --> 01:25:26,187 SO WE ARE FOCUSING ON 2224 01:25:26,187 --> 01:25:33,561 INVESTMENTS PER BEDROOM TO 2225 01:25:33,561 --> 01:25:35,330 INCENTIVIZE. ROSEY, I DON'T 2226 01:25:35,330 --> 01:25:39,634 KNOW IF YOU WANT TO TALK ABOUT 2227 01:25:39,634 --> 01:25:40,001 THE PRIORITIES. 2228 01:25:40,001 --> 01:25:41,536 >> WE HAVE PRIORITIZED FAMILY 2229 01:25:41,536 --> 01:25:42,971 HOUSING AND DEEP AFFORDABILITY. 2230 01:25:42,971 --> 01:25:46,007 WE ARE TRYING TO DO BOTH. WE ARE 2231 01:25:46,007 --> 01:25:52,213 TRYING TO GET THE 30, LIKE 30% 2232 01:25:52,213 --> 01:25:56,417 AMI UNITS AS WELL AS TWO AND 2233 01:25:56,417 --> 01:25:57,719 THREE-BEDROOM UNITS IN THE 2234 01:25:57,719 --> 01:26:02,824 PROJECTS, AND FOR MANY OF THE 2235 01:26:02,824 --> 01:26:03,992 PROJECTS WE ACTUALLY FUNDED, WE 2236 01:26:03,992 --> 01:26:08,730 HAD A GOOD CHUNK OF THEM. I 2237 01:26:08,730 --> 01:26:11,699 THINK ABOUT 39% OR SO OF THE NEW 2238 01:26:11,699 --> 01:26:14,602 PRODUCTION UNITS ARE GOING TO BE 2239 01:26:14,602 --> 01:26:17,872 FAMILY-SIZED UNITS OUT OF THIS 2240 01:26:17,872 --> 01:26:21,709 PAST ROUND. WE ARE MOVING TOWARD 2241 01:26:21,709 --> 01:26:22,544 PUTTING ONLINE MORE FAMILY-SIZED 2242 01:26:22,544 --> 01:26:25,847 UNITS, AND THAT IS BACKED UP AND 2243 01:26:25,847 --> 01:26:28,149 SUPPORTED BY THE INFORMATION 2244 01:26:28,149 --> 01:26:34,589 THAT WE HAVE ON THE NEEDS OF 2245 01:26:34,589 --> 01:26:34,856 SEATTLE. 2246 01:26:34,856 --> 01:26:37,692 >> THANK YOU. AND ONE OF YOUR 2247 01:26:37,692 --> 01:26:40,929 SLIDES TALKED ABOUT HOW HOUSING 2248 01:26:40,929 --> 01:26:42,130 PROVIDERS ARE SERVING DEEPER, 2249 01:26:42,130 --> 01:26:43,498 LOWER AMIs EVEN THOUGH THEY 2250 01:26:43,498 --> 01:26:45,633 MIGHT BE REGULATED AT THE HIGHER 2251 01:26:45,633 --> 01:26:47,468 AMIs, AND THIS KIND OF GETS TO 2252 01:26:47,468 --> 01:26:49,370 THAT DIFFICULTY OF THE REPORTING 2253 01:26:49,370 --> 01:26:52,073 OF LIKE, WHO ARE WE ACTUALLY 2254 01:26:52,073 --> 01:26:57,779 SERVING VERSES WHAT MIGHT BE 2255 01:26:57,779 --> 01:26:59,914 REGULATED, AND IN TERMS OF, 2256 01:26:59,914 --> 01:27:02,650 AGAIN, TO ME, IT SIGNALS WE NEED 2257 01:27:02,650 --> 01:27:06,421 TO GO DEEPER IN OUR SUBSIDIES 2258 01:27:06,421 --> 01:27:12,226 FOR THESE, AND TO MAKE SURE THAT 2259 01:27:12,226 --> 01:27:17,332 OUR PROVIDERS CAN -- ESPECIALLY 2260 01:27:17,332 --> 01:27:20,168 -- AS THERE ARE OFTEN TIMES 2261 01:27:20,168 --> 01:27:20,735 UNFORSEEN CIRCUMSTANCES AND 2262 01:27:20,735 --> 01:27:22,670 CHANGES, AND TO MAKE SURE 2263 01:27:22,670 --> 01:27:24,772 THERE'S A LITTLE BIT OF A 2264 01:27:24,772 --> 01:27:25,907 BUFFER FOR OUR HOUSING 2265 01:27:25,907 --> 01:27:29,444 PROVIDERS. HOW DO WE -- IF WE 2266 01:27:29,444 --> 01:27:30,778 ARE MAKING THESE SORT OF SHIFTS, 2267 01:27:30,778 --> 01:27:35,250 WHETHER IT'S IN THE UNITS OR 2268 01:27:35,250 --> 01:27:38,553 SORT OF THE SUBSIDIES, HOW DO WE 2269 01:27:38,553 --> 01:27:42,490 DO THAT WHILE ALSO WORKING WITH 2270 01:27:42,490 --> 01:27:44,025 OUR HOUSING PROVIDERS WHO, YOU 2271 01:27:44,025 --> 01:27:47,462 KNOW, THEY GO OUT AND BUY 2272 01:27:47,462 --> 01:27:53,534 PROPERTIES, AND THEY DESIGN 2273 01:27:53,534 --> 01:27:55,536 THEIR PERMITTING, THEIR DESIGN 2274 01:27:55,536 --> 01:27:58,273 PLANS AND I KNOW THERE'S A 2275 01:27:58,273 --> 01:27:59,807 PIPELINE AND BACKLOG THAT WE ARE 2276 01:27:59,807 --> 01:28:02,277 NOT GOING TO BE ABLE TO PRODUCE 2277 01:28:02,277 --> 01:28:07,348 AS MUCH AS WE LIKE, WHETHER THE 2278 01:28:07,348 --> 01:28:08,016 PERMANENT SUPPORTIVE HOUSING 2279 01:28:08,016 --> 01:28:11,019 SIDE, AND HOW DO WE BALANCE OUR 2280 01:28:11,019 --> 01:28:13,721 THINKING AROUND NEW PRODUCTION, 2281 01:28:13,721 --> 01:28:16,057 LARGER UNITS, DEEPER SUBSIDIES 2282 01:28:16,057 --> 01:28:18,059 WITH THE FACT THAT, YOU KNOW, WE 2283 01:28:18,059 --> 01:28:20,161 HAVE A LOT OF PROVIDERS WITH 2284 01:28:20,161 --> 01:28:22,830 PREDEVELOPMENT COSTS, AND HOW DO 2285 01:28:22,830 --> 01:28:25,133 WE MAKE SURE THEY ARE NOT LEFT 2286 01:28:25,133 --> 01:28:27,969 HOLDING THE BAG, BASED ON SORT 2287 01:28:27,969 --> 01:28:31,139 OF PRIOR SORT OF ASSUMPTIONS OR 2288 01:28:31,139 --> 01:28:33,007 GOALS THAT, YOU KNOW, THAT WE 2289 01:28:33,007 --> 01:28:34,342 HAD IN THIS SHIFTING MARKET? 2290 01:28:34,342 --> 01:28:37,645 >> I WILL START AND THEN I WILL 2291 01:28:37,645 --> 01:28:42,650 HAND IT TO ROSEY TO ROUND OUT, 2292 01:28:42,650 --> 01:28:45,019 BUT WHEN YOU HAVE IDENTIFIED THE 2293 01:28:45,019 --> 01:28:48,656 NEW SOURCE FOR A STEADY 2294 01:28:48,656 --> 01:28:50,091 OPERATING SUBSIDY, PLEASE CALL 2295 01:28:50,091 --> 01:28:51,326 ME. THIS IS A HUGE GAP. 2296 01:28:51,326 --> 01:28:52,360 PARTICULARLY IN THIS TIME THAT 2297 01:28:52,360 --> 01:28:54,462 WE ARE IN. THERE ARE QUESTIONS 2298 01:28:54,462 --> 01:28:56,264 BEING ASKED OF US, WOULD WE BE 2299 01:28:56,264 --> 01:28:59,233 ABLE TO STEP IN? AS YOU HAVE 2300 01:28:59,233 --> 01:29:02,337 SEEN IN THESE RECENT 2301 01:29:02,337 --> 01:29:03,371 PRESENTATIONS, THE OFFICE OF 2302 01:29:03,371 --> 01:29:04,972 HOUSING'S INVESTMENT IN 2303 01:29:04,972 --> 01:29:05,907 OPERATING SUPPORT HAVE INCREASED 2304 01:29:05,907 --> 01:29:08,676 SIGNIFICANTLY OVER THE LAST FIVE 2305 01:29:08,676 --> 01:29:10,478 YEARS. WE CANNOT DO IT ALONE, 2306 01:29:10,478 --> 01:29:12,180 BUT WE CAN DO MORE IF THOSE 2307 01:29:12,180 --> 01:29:13,281 TRADEOFFS WOULD LIKE -- YOU 2308 01:29:13,281 --> 01:29:14,849 KNOW, IF THE DECISION MAKERS 2309 01:29:14,849 --> 01:29:16,451 WANT TO MAKE THE TRADEOFFS, 2310 01:29:16,451 --> 01:29:18,286 WHICH WE ARE TYPICALLY TALKING 2311 01:29:18,286 --> 01:29:22,290 ROSEY AND I ALL OF THE TIME. 2312 01:29:22,290 --> 01:29:23,024 INVESTMENT IN OPERATING MEANS 2313 01:29:23,024 --> 01:29:26,461 NOT AN INVESTMENT IN CAPITAL AND 2314 01:29:26,461 --> 01:29:28,229 VICE VERSA, SO WE ARE ALWAYS 2315 01:29:28,229 --> 01:29:30,832 STRIVING FOR BALANCE AT THE 2316 01:29:30,832 --> 01:29:32,333 OFFICE. HAVING GONE THROUGH THE 2317 01:29:32,333 --> 01:29:34,302 REAUTHORIZATION PROCESS FOR THE 2318 01:29:34,302 --> 01:29:35,503 SEATTLE HOUSING LEVEE, THAT'S 2319 01:29:35,503 --> 01:29:38,506 DEVELOPING A SPIN PLAN ALL ABOUT 2320 01:29:38,506 --> 01:29:41,576 STRIKING RIGHT BALANCE IN YOU 2321 01:29:41,576 --> 01:29:42,610 KNOW, ALLOCATING FUNDS FOR 2322 01:29:42,610 --> 01:29:47,281 CAPITAL, AND BOTH NEW PRODUCTION 2323 01:29:47,281 --> 01:29:48,950 AND PRESERVATION, AND OPERATING 2324 01:29:48,950 --> 01:29:50,351 SUPPORT. WE WANT TO SEE 2325 01:29:50,351 --> 01:29:51,085 PERMANENT SUPPORTIVE HOUSING 2326 01:29:51,085 --> 01:29:51,986 COMING THROUGH. IN THIS TIME 2327 01:29:51,986 --> 01:29:55,022 THAT WE ARE IN, I HAVE TO 2328 01:29:55,022 --> 01:29:56,124 MENTION FEDERAL CONCERNS AND 2329 01:29:56,124 --> 01:29:57,792 CONSTRAINTS, AND WE ARE WATCHING 2330 01:29:57,792 --> 01:30:02,363 AND WAITING AND PLANNING FOR A 2331 01:30:02,363 --> 01:30:03,398 POTENTIAL SERIOUS FEDERAL CUTS 2332 01:30:03,398 --> 01:30:04,799 WHICH WILL HIT THE OPERATING 2333 01:30:04,799 --> 01:30:06,400 BUDGETS WE ARE TALKING ABOUT AND 2334 01:30:06,400 --> 01:30:10,805 WILL LIKELY REQUIRE SOME OF THE 2335 01:30:10,805 --> 01:30:12,407 OFFICE'S INVESTMENTS TO COME IN 2336 01:30:12,407 --> 01:30:14,575 TO SHORE UP THE EXISTING 2337 01:30:14,575 --> 01:30:15,109 INFRASTRUCTURE IN PLACE. 2338 01:30:15,109 --> 01:30:17,311 THERE'S ALWAYS NEEDS, AND WE 2339 01:30:17,311 --> 01:30:18,813 ARE TRYING TO BALANCE ACROSS THE 2340 01:30:18,813 --> 01:30:20,281 VARIOUS CATEGORIES AND DO THE 2341 01:30:20,281 --> 01:30:22,750 BEST WE CAN WITH WHAT WE HAVE, 2342 01:30:22,750 --> 01:30:24,585 LISTENING AND RESPONDING TO 2343 01:30:24,585 --> 01:30:25,653 VARIOUS INTERESTS AND NEEDS. I 2344 01:30:25,653 --> 01:30:27,955 WOULD BE CURIOUS TO HEAR ROSEY 2345 01:30:27,955 --> 01:30:29,857 EAST THOUGHTS ON THIS. THE NOFA 2346 01:30:29,857 --> 01:30:31,459 THAT THE TEAM DID THIS YEAR WAS 2347 01:30:31,459 --> 01:30:38,232 DIFFERENT, AND THEY LEARNED SOME 2348 01:30:38,232 --> 01:30:38,466 THINGS. 2349 01:30:38,466 --> 01:30:39,867 >> SO I APPRECIATE YOUR 2350 01:30:39,867 --> 01:30:42,170 QUESTION. WHAT I WOULD SAY TO 2351 01:30:42,170 --> 01:30:49,744 HOW ARE WE RESPONDING OR AT 2352 01:30:49,744 --> 01:30:51,279 LEAST CONSIDERING THE PIPELINE 2353 01:30:51,279 --> 01:30:52,680 THAT OUR HOUSING PARTNERS HAVE 2354 01:30:52,680 --> 01:30:54,348 ALREADY ESTABLISHED, FIRST, WE 2355 01:30:54,348 --> 01:30:57,418 KIND OF STARTED OUR PRIORITIES 2356 01:30:57,418 --> 01:30:58,786 WITH GRADUAL CHANGES. IT WASN'T 2357 01:30:58,786 --> 01:31:02,590 DRAMATIC CHANGES, AND WE HAVE 2358 01:31:02,590 --> 01:31:05,092 KIND OF HELD STEADY FOR THE PAST 2359 01:31:05,092 --> 01:31:07,328 TWO OR THREE ROUNDS OF THE NOFA 2360 01:31:07,328 --> 01:31:09,664 IN TERMS OF WHERE WE ARE WITH 2361 01:31:09,664 --> 01:31:13,701 OUR PRIORITIES, AND WE WILL 2362 01:31:13,701 --> 01:31:16,437 CONTINUE TO DO SO. THIS PAST 2363 01:31:16,437 --> 01:31:18,072 NOFA ROUND WAS SOMETHING THAT 2364 01:31:18,072 --> 01:31:20,141 WAS DIFFERENT AND BORN OUT OF 2365 01:31:20,141 --> 01:31:24,378 NECESSITY TO REALLY RESPOND TO 2366 01:31:24,378 --> 01:31:28,616 WHAT WE WERE SEEING IN OUR 2367 01:31:28,616 --> 01:31:31,085 PORTFOLIO AND HEARING FROM 2368 01:31:31,085 --> 01:31:34,188 HOUSING PROVIDERS. ADDING IN THE 2369 01:31:34,188 --> 01:31:36,357 DEBT RESTRUCTURING BUCKET FOR A 2370 01:31:36,357 --> 01:31:40,962 LACK OF A BETTER WORD, I 2371 01:31:40,962 --> 01:31:45,933 ANTICIPATE THAT WE WILL HAVE TO 2372 01:31:45,933 --> 01:31:47,368 CONTINUE THAT FOR AT LEAST THE 2373 01:31:47,368 --> 01:31:51,739 NEXT TWO TO THREE ROUNDS FOR THE 2374 01:31:51,739 --> 01:31:54,175 NOFA TO MAKE SURE THAT WE ARE 2375 01:31:54,175 --> 01:31:58,112 BEING AS RESPONSIVE TO THE NEEDS 2376 01:31:58,112 --> 01:32:02,149 OF OUR PORTFOLIO AND ALSO MAKING 2377 01:32:02,149 --> 01:32:05,019 SURE THAT THE UNITS THAT WE HAVE 2378 01:32:05,019 --> 01:32:06,087 ALREADY PUT ONLINE CAN STAY 2379 01:32:06,087 --> 01:32:10,291 ONLINE. I THINK THAT THAT IS ONE 2380 01:32:10,291 --> 01:32:11,759 OF OUR MAJOR PRIORITIES TO MAKE 2381 01:32:11,759 --> 01:32:15,496 SURE THAT THE UNITS THAT ARE 2382 01:32:15,496 --> 01:32:16,764 THERE CAN REMAIN ONLINE. WE ARE 2383 01:32:16,764 --> 01:32:22,803 STILL ALSO AT THE SAME TIME 2384 01:32:22,803 --> 01:32:24,672 TRYING TO MOVE FORWARD AND MAKE 2385 01:32:24,672 --> 01:32:25,907 SURE WE ARE HITTING OUR 2386 01:32:25,907 --> 01:32:28,442 PRODUCTION GOALS AND DOING THAT. 2387 01:32:28,442 --> 01:32:29,810 I'M VERY CAREFULLY LIKE 2388 01:32:29,810 --> 01:32:30,478 WATCHING IT. I DO BELIEVE THAT 2389 01:32:30,478 --> 01:32:35,049 WE WILL BE ABLE TO DO THAT, BUT 2390 01:32:35,049 --> 01:32:38,286 AGAIN, AS KELLY SAID, MOVING THE 2391 01:32:38,286 --> 01:32:39,520 NARRATIVE AWAY FROM UNITS TO 2392 01:32:39,520 --> 01:32:45,760 BEDROOMS, I THINK IS KEY TO 2393 01:32:45,760 --> 01:32:51,732 REALLY DELIVERING ON WHAT WE 2394 01:32:51,732 --> 01:32:53,668 HAVE PROMISED AND ALSO JUST -- 2395 01:32:53,668 --> 01:32:56,270 THAT'S BEING COMMUNICATED TO 2396 01:32:56,270 --> 01:32:57,672 THE HOUSING PARTNERS. MORE 2397 01:32:57,672 --> 01:33:04,812 BEDROOMS NEED MORE SUBSIDY OR A 2398 01:33:04,812 --> 01:33:06,714 DEEPER SUBSIDY, AND DEEPER 2399 01:33:06,714 --> 01:33:12,053 AFFORDABILITY MEANS DEEPER 2400 01:33:12,053 --> 01:33:15,323 SUBSIDIES. YOU MIGHT SEE THAT WE 2401 01:33:15,323 --> 01:33:21,028 HAVE TO PUT MORE IN TO A SAY A 2402 01:33:21,028 --> 01:33:22,930 PROJECT THAN WE HAVE IN THE 2403 01:33:22,930 --> 01:33:23,931 PAST. HOPEFULLY WHEN YOU EQUAL 2404 01:33:23,931 --> 01:33:26,067 IT OUT AND SEE HOW MANY BEDROOMS 2405 01:33:26,067 --> 01:33:27,702 AND ALSO WHAT THE AFFORDABILITY 2406 01:33:27,702 --> 01:33:29,637 WE ARE DELIVERING ON, YOU CAN 2407 01:33:29,637 --> 01:33:36,243 UNDERSTAND THE CHOICES AND WHY 2408 01:33:36,243 --> 01:33:37,578 WE SELECTED CERTAIN 2409 01:33:37,578 --> 01:33:37,945 PROBABILITIES. 2410 01:33:37,945 --> 01:33:39,547 >> THE EXCITING APPROACH IS THAT 2411 01:33:39,547 --> 01:33:41,349 THEY ARE CAPITAL INVESTMENTS AND 2412 01:33:41,349 --> 01:33:42,617 ALSO OPERATING INVESTMENTS. THEY 2413 01:33:42,617 --> 01:33:43,784 ARE STABILIZING THE BUILDINGS 2414 01:33:43,784 --> 01:33:46,053 FOR A LONGER PERIOD OF LIFE, AND 2415 01:33:46,053 --> 01:33:47,855 THEY ARE GOING TO OPERATE MORE 2416 01:33:47,855 --> 01:33:49,857 SOUNDLY. THE GOAL WITH THE TEAM, 2417 01:33:49,857 --> 01:33:52,093 WITH THE NEW PRODUCTION 2418 01:33:52,093 --> 01:33:53,461 INVESTMENTS, WE ARE FROM THE 2419 01:33:53,461 --> 01:33:54,695 FRONT END, SETTING UP THE 2420 01:33:54,695 --> 01:33:56,530 PROJECTS TO SUCCEED IN A WAY 2421 01:33:56,530 --> 01:33:58,799 THAT WE MAYBE DIDN'T BEFORE, 2422 01:33:58,799 --> 01:34:01,836 WITH, YOU KNOW, MORE ACCURATE, 2423 01:34:01,836 --> 01:34:02,703 CURRENT CONDITION ASSESSMENT AND 2424 01:34:02,703 --> 01:34:03,671 DATA-INFORMED DECISION MAKING. 2425 01:34:03,671 --> 01:34:04,805 THAT'S THE GOAL. THESE ARE ALL 2426 01:34:04,805 --> 01:34:06,941 COMING TOGETHER AT THE SAME 2427 01:34:06,941 --> 01:34:08,109 TIME, BUT CAPITAL INVESTMENTS 2428 01:34:08,109 --> 01:34:09,644 AND OPERATIONS CAN BE VERY 2429 01:34:09,644 --> 01:34:11,645 CLOSELY TIED, AND THAT'S THE 2430 01:34:11,645 --> 01:34:13,114 REALLY EXCITING THING ABOUT WHAT 2431 01:34:13,114 --> 01:34:15,850 MADISON SHARED WITH YOU TODAY. 2432 01:34:15,850 --> 01:34:17,852 >> JUST ONE LAST COMMENT. THANK 2433 01:34:17,852 --> 01:34:20,321 YOU SO MUCH FOR THIS INCREDIBLY 2434 01:34:20,321 --> 01:34:21,522 DIFFICULT WORK. I DON'T THINK 2435 01:34:21,522 --> 01:34:24,325 THAT WE HAVE SEEN SUCH A 2436 01:34:24,325 --> 01:34:28,229 VOLATILE TIME IN THE AFFORDABLE 2437 01:34:28,229 --> 01:34:29,597 HOUSING ECOSYSTEM, AND THAT JUST 2438 01:34:29,597 --> 01:34:31,365 UNCERTAINTY, IT CREATES A LOT OF 2439 01:34:31,365 --> 01:34:32,566 DIFFICULTY, AND I THINK WE ARE 2440 01:34:32,566 --> 01:34:34,001 FORTUNATE TO HAVE A STRONG TEAM 2441 01:34:34,001 --> 01:34:37,438 HERE WHO IS RESPONDING TO THE 2442 01:34:37,438 --> 01:34:42,676 MOMENT THAT WE HAVE RESOURCES SO 2443 01:34:42,676 --> 01:34:43,277 THAT WE DON'T SEE -- YOU KNOW -- 2444 01:34:44,979 --> 01:34:47,314 SO JUST THANK YOU FOR YOUR HARD 2445 01:34:47,314 --> 01:34:48,249 WORK AND WILLINGNESS TO BE 2446 01:34:48,249 --> 01:34:54,955 CREATIVE AND TO RESPOND TO THE 2447 01:34:54,955 --> 01:34:55,189 MOMENT. 2448 01:34:55,189 --> 01:35:00,194 >> THANK YOU SO MUCH, 2449 01:35:00,194 --> 01:35:02,430 COUNCILMEMBER LIN. I DON'T SEE 2450 01:35:02,430 --> 01:35:10,304 JUAREZ. RHODE ISLAND -- 2451 01:35:10,304 --> 01:35:10,938 COUNCILMEMBER RIVARA. 2452 01:35:10,938 --> 01:35:11,939 >> A COUPLE OF CONVERSATIONS 2453 01:35:11,939 --> 01:35:14,208 GOING ON HERE, ONE ABOUT 2454 01:35:14,208 --> 01:35:15,176 GLOBALLY WHAT OUR FUTURE 2455 01:35:15,176 --> 01:35:16,377 INVESTMENTS SHOULD LOOK LIKE. I 2456 01:35:16,377 --> 01:35:17,878 APPRECIATE THE COMMENTS OF MY 2457 01:35:17,878 --> 01:35:18,879 COLLEAGUES IN TERMS OF WHAT IS 2458 01:35:18,879 --> 01:35:25,486 NEEDED IN THE MARKET AND WHAT WE 2459 01:35:25,486 --> 01:35:27,455 ARE SEEING NOW, WHAT THE CITY 2460 01:35:27,455 --> 01:35:28,956 NEEDS, MORE FAMILY, AND PERHAPS 2461 01:35:28,956 --> 01:35:30,458 EVEN MORE AFFORDABLE EVEN. WE 2462 01:35:30,458 --> 01:35:33,894 KNOW WE ARE IN THE MIDDLE OF AN 2463 01:35:33,894 --> 01:35:35,129 AFFORDABILITY CRISIS IN THE 2464 01:35:35,129 --> 01:35:39,066 CITY. THERE'S A LOT WE CAN SAY 2465 01:35:39,066 --> 01:35:39,900 ABOUT THAT AFFORDABILITY CRISIS 2466 01:35:39,900 --> 01:35:41,936 AND WHAT HAS CAUSED THAT. I DO 2467 01:35:41,936 --> 01:35:45,239 WANT TO GO BACK BECAUSE KELLI, 2468 01:35:45,239 --> 01:35:46,640 YOU AND I HAVE BEEN WORKING ON 2469 01:35:46,640 --> 01:35:52,079 THIS FOR SOME TIME NOW. WHEN I 2470 01:35:52,079 --> 01:35:53,647 FIRST GOT HERE TWO YEARS AGO, IT 2471 01:35:53,647 --> 01:35:57,518 WAS EVIDENT THAT THE HOUSING 2472 01:35:57,518 --> 01:35:59,854 PROVIDERS WERE STRUGGLING, AND 2473 01:35:59,854 --> 01:36:02,656 PART OF THAT HAD TO DO WITH NOT 2474 01:36:02,656 --> 01:36:05,659 BEING ABLE TO -- YOU KNOW, 2475 01:36:05,659 --> 01:36:06,393 FOLKS, NONPAYMENT OF RENT 2476 01:36:06,393 --> 01:36:11,132 HAPPENING, AND THEN A LOT OF 2477 01:36:11,132 --> 01:36:14,268 PUBLIC SAFETY ISSUES AROUND 2478 01:36:14,268 --> 01:36:17,171 THESE DEVELOPMENTS, HOUSING 2479 01:36:17,171 --> 01:36:19,907 DEVELOPMENTS, BOTH LEADING TO A 2480 01:36:19,907 --> 01:36:22,810 LOSS OF REVENUE, FOR THESE 2481 01:36:22,810 --> 01:36:25,045 PROJECTS, AND WHEN WE GAVE 2482 01:36:25,045 --> 01:36:28,415 OPERATING STABILIZATION FUNDS AT 2483 01:36:28,415 --> 01:36:31,085 THAT TIME, OUR HOPE WAS TO, OF 2484 01:36:31,085 --> 01:36:31,986 COURSE, STABILIZE THE PROJECTS, 2485 01:36:31,986 --> 01:36:35,789 BUT AT THE TIME, THEY WERE MEANT 2486 01:36:35,789 --> 01:36:37,558 TO BE A SHORTER TERM STRATEGY, 2487 01:36:37,558 --> 01:36:44,198 AND I LOOK FORWARD TO SEEING THE 2488 01:36:44,198 --> 01:36:46,000 LONGER TERM STRATEGY FOR 2489 01:36:46,000 --> 01:36:48,435 STABILIZING OF THE CURRENT 2490 01:36:48,435 --> 01:36:51,739 UNITS. I WILL SAY THAT INITIALLY 2491 01:36:51,739 --> 01:36:55,276 BOTH THE LEVEE DOLLARS AND THE 2492 01:36:55,276 --> 01:36:56,510 P.E.T. DOLLARS FOR HOUSING WERE 2493 01:36:56,510 --> 01:36:57,545 PREDOMINANTLY FOR THE CREATION 2494 01:36:57,545 --> 01:37:03,050 OF HOUSING, AND THEN WHEN I GOT 2495 01:37:03,050 --> 01:37:04,585 HERE, IT WAS REALLY CLEAR THAT 2496 01:37:04,585 --> 01:37:08,255 THERE WAS THIS NEED FOR 2497 01:37:08,255 --> 01:37:09,223 OPERATING STABILIZATION. THAT IS 2498 01:37:09,223 --> 01:37:10,691 WHY COUNCIL AT THE TIME GAVE 2499 01:37:10,691 --> 01:37:12,993 THESE DOLLARS, AND AS THE 2500 01:37:12,993 --> 01:37:14,595 PRIMARY SPONSOR OF THIS 2501 01:37:14,595 --> 01:37:16,163 PARTICULAR SLIDE, WHICH IS WHAT 2502 01:37:16,163 --> 01:37:18,666 WE ARE TALKING ABOUT TODAY, IS 2503 01:37:18,666 --> 01:37:19,833 THE RESPONSE TO THE SLY, THANK 2504 01:37:19,833 --> 01:37:23,671 YOU FOR RESPONDING TO THE SLY, 2505 01:37:23,671 --> 01:37:27,908 IS REALLY ABOUT WHAT DID THOSE 2506 01:37:27,908 --> 01:37:30,344 DOLLARS GO TO STABILIZE, AND 2507 01:37:30,344 --> 01:37:32,079 WHAT HAS BEEN THE IMPACT, AND 2508 01:37:32,079 --> 01:37:33,847 THEN FUTURE LOOKING, I THINK 2509 01:37:33,847 --> 01:37:39,220 THERE NEEDS TO BE A ROBUST 2510 01:37:39,220 --> 01:37:43,591 POLICY CONVERSATION ABOUT 2511 01:37:43,591 --> 01:37:44,725 STABILIZATION, CONTINUED 2512 01:37:44,725 --> 01:37:46,227 STABILIZATION BECAUSE IT'S 2513 01:37:46,227 --> 01:37:48,596 CLEAR FROM THE RESPONSE TO THE 2514 01:37:48,596 --> 01:37:50,764 SLIDE, THERE IS SOME NEED, MAYBE 2515 01:37:50,764 --> 01:37:52,299 MORE NEED THAN WE INITIALLY 2516 01:37:52,299 --> 01:37:54,134 THOUGHT ON THE STABILIZATION, 2517 01:37:54,134 --> 01:37:55,135 THE STABILIZATION OF THE 2518 01:37:55,135 --> 01:37:57,972 OPERATING OF THESE UNITS, AND 2519 01:37:57,972 --> 01:38:01,008 THAT HAS NOTHING TO DO WITH HOW 2520 01:38:01,008 --> 01:38:04,478 BIG WE NEED THE UNITS TO BE IN 2521 01:38:04,478 --> 01:38:08,048 THE FUTURE, AND HOW MANY OF THE 2522 01:38:08,048 --> 01:38:09,717 UNITS WE NEED IN GENERAL. 2523 01:38:09,717 --> 01:38:10,751 THAT'S STILL SOMETHING WE NEED 2524 01:38:10,751 --> 01:38:14,622 TO GRAPPLE WITH, AND WE NEED TO 2525 01:38:14,622 --> 01:38:15,990 BE REALLY HONEST AND TRANSPARENT 2526 01:38:15,990 --> 01:38:18,626 ABOUT THE PROJECTS THAT WE HAVE 2527 01:38:18,626 --> 01:38:20,728 TO DATE, THE HOUSING WE HAVE 2528 01:38:20,728 --> 01:38:22,229 BEEN BUILT TO DATE, AND WHAT IT 2529 01:38:22,229 --> 01:38:23,831 WILL TAKE TO MAKE SURE WE DON'T 2530 01:38:23,831 --> 01:38:25,399 LOSE WHAT WE HAVE, AND THEN THE 2531 01:38:25,399 --> 01:38:28,669 IDEA HAD BEEN THAT WE WOULD BE 2532 01:38:28,669 --> 01:38:29,904 MORE ROBUSTLY ADDING UNITS, NOT 2533 01:38:29,904 --> 01:38:32,139 THEN HAVING TO GO BACK AND 2534 01:38:32,139 --> 01:38:34,008 STABILIZE THE ONES THAT WE HAD. 2535 01:38:34,008 --> 01:38:35,609 AND WITH THIS RESPONSE, IT'S 2536 01:38:35,609 --> 01:38:37,978 REALLY CLEAR TO ME THAT THERE'S 2537 01:38:37,978 --> 01:38:40,581 THIS HUGE NEED TO CONTINUE THIS 2538 01:38:40,581 --> 01:38:42,116 OPERATING STABILIZATION OF THE 2539 01:38:42,116 --> 01:38:46,387 PROJECTS THAT WE HAVE, AND I 2540 01:38:46,387 --> 01:38:49,523 FEEL THAT THERE'S GOING TO BE 2541 01:38:49,523 --> 01:38:52,359 -- NEED TO BE A ROBUST 2542 01:38:52,359 --> 01:38:52,893 CONVERSATION AND POLICY 2543 01:38:52,893 --> 01:38:55,229 DECISIONS ABOUT OUR O.H. 2544 01:38:55,229 --> 01:38:56,363 PORTFOLIO IN TERMS OF OUR 2545 01:38:56,363 --> 01:38:57,798 ABILITY TO ACTUALLY ADD NEW 2546 01:38:57,798 --> 01:38:59,266 UNITS WHILE AT THE SAME TIME, 2547 01:38:59,266 --> 01:39:01,235 WHAT ARE WE GOING TO DO TO 2548 01:39:01,235 --> 01:39:03,370 OPERATE THE UNITS. I HEAR FROM 2549 01:39:03,370 --> 01:39:04,972 YOUR PRESENTATION THAT YOU ARE 2550 01:39:04,972 --> 01:39:06,907 HIRING A CONSULTANT OR HIRED A 2551 01:39:06,907 --> 01:39:09,043 CONSULTANT TO HELP WITH THE 2552 01:39:09,043 --> 01:39:11,578 PRESERVATION, I ASSUME YOU MEAN 2553 01:39:11,578 --> 01:39:14,114 KEEPING OF THESE UNITS? BUT I DO 2554 01:39:14,114 --> 01:39:15,149 WANT TO UNDERSCORE THAT IT WAS 2555 01:39:15,149 --> 01:39:23,824 VERY CLEAR TO ME FROM THIS 2556 01:39:23,824 --> 01:39:24,658 PRESENTATION THAT THE 2557 01:39:24,658 --> 01:39:26,327 STABILIZATION FUNDS, THE NEED 2558 01:39:26,327 --> 01:39:28,595 WAS GREATER THAN AT LEAST WHAT 2559 01:39:28,595 --> 01:39:30,230 WE INITIALLY THOUGHT WHEN WE 2560 01:39:30,230 --> 01:39:33,200 GAVE SOME OF THE OPERATING 2561 01:39:33,200 --> 01:39:36,670 DOLLARS TO THESE UNITS, AND THAT 2562 01:39:36,670 --> 01:39:39,073 BOTH P.E.T. AND LEVY MONEY HAS 2563 01:39:39,073 --> 01:39:40,240 BEEN USED TOWARDS THE 2564 01:39:40,240 --> 01:39:41,842 STABILIZATION OF THE UNITS, 2565 01:39:41,842 --> 01:39:44,078 WHICH WAS NOT THE INITIAL INTENT 2566 01:39:44,078 --> 01:39:46,413 OF THE INVESTMENTS, AND YOU ARE 2567 01:39:46,413 --> 01:39:48,515 NODDING YOUR HEAD, SO I FEEL 2568 01:39:48,515 --> 01:39:48,782 LIKE -- 2569 01:39:48,782 --> 01:39:51,118 >> WE CAN TALK MORE ABOUT THE 2570 01:39:51,118 --> 01:39:52,186 FUND SOURCES WHEN YOU'RE READY. 2571 01:39:52,186 --> 01:39:53,654 WOULD YOU LIKE TO DO THAT NOW? 2572 01:39:53,654 --> 01:39:57,725 >> WE CAN DO THAT NOW, KELLI, 2573 01:39:57,725 --> 01:39:58,058 THANK YOU. 2574 01:39:58,058 --> 01:40:00,794 >> YOU BET. 2575 01:40:00,794 --> 01:40:07,067 >> JUST QUICKLY ON FUND SOURCES 2576 01:40:07,067 --> 01:40:08,268 -- THESE STABILIZATION 2577 01:40:08,268 --> 01:40:10,037 INVESTMENTS ARE FUNDED 2578 01:40:10,037 --> 01:40:11,739 EXCLUSIVELY WITH JUMP START, 2579 01:40:11,739 --> 01:40:13,741 PAYROLL TAX. THE INVESTMENTS 2580 01:40:13,741 --> 01:40:20,214 THAT ARE ON THIS PARTICULAR 2581 01:40:20,214 --> 01:40:22,883 SLIDE. WHEN WE BROUGHT THE 2023 2582 01:40:22,883 --> 01:40:24,785 SEATTLE HOUSING LEVY BEFORE 2583 01:40:24,785 --> 01:40:26,020 COUNCIL AND WENT THROUGH THE 2584 01:40:26,020 --> 01:40:28,021 REAUTHORIZATION PROCESS WITH THE 2585 01:40:28,021 --> 01:40:28,922 PUBLIC AND PARTNERS, WE DID 2586 01:40:28,922 --> 01:40:31,625 PRESENT A SPIN PLAN OVER A 2587 01:40:31,625 --> 01:40:32,793 SEVEN-YEAR PERIOD FOR THE 2588 01:40:32,793 --> 01:40:35,829 HOUSING LEVY AND FOR JUMP START 2589 01:40:35,829 --> 01:40:36,764 P.E.T. AND MANDATORY HOUSING 2590 01:40:36,764 --> 01:40:39,600 AFFORDABILITY AND ALL OF THE OHS 2591 01:40:39,600 --> 01:40:40,234 FUNDS COMING TOGETHER. 2592 01:40:40,234 --> 01:40:42,102 PROJECTING WHAT WE WOULD BE ABLE 2593 01:40:42,102 --> 01:40:45,439 TO DO WITH BOTH NEW PRODUCTION, 2594 01:40:45,439 --> 01:40:46,673 PRESERVATION, AND OPERATING, AND 2595 01:40:46,673 --> 01:40:51,145 AT THE TIME THAT WE BROUGHT THAT 2596 01:40:51,145 --> 01:40:55,849 FORWARD IN 2023, WE DID PREDICT 2597 01:40:55,849 --> 01:40:57,284 THAT JUMP START PAYROLL EXPENSE 2598 01:40:57,284 --> 01:40:59,586 TAX WOULD BE TILTING TO 2599 01:40:59,586 --> 01:41:00,220 OPERATING INVESTMENTS. WE KNEW 2600 01:41:00,220 --> 01:41:02,456 WE WERE GOING TO NEED AND HAD 2601 01:41:02,456 --> 01:41:06,226 ALREADY STARTED TO MAKE MORE OMS 2602 01:41:06,226 --> 01:41:09,496 INVESTMENTS IN A GROWING 2603 01:41:09,496 --> 01:41:12,166 PORTFOLIO, AND SO, WE SHARED 2604 01:41:12,166 --> 01:41:13,834 BACK THEN THESE VERY DIFFERENT 2605 01:41:13,834 --> 01:41:16,937 PIE CHARTS TO SHOW THE DIFFERENT 2606 01:41:16,937 --> 01:41:18,572 INVESTMENTS THAT BOTH LEVY AND 2607 01:41:18,572 --> 01:41:24,778 JUMP START WERE MAKING, AND THE 2608 01:41:24,778 --> 01:41:26,113 PRIMARY SUPPORTS NOW. THIS IS 2609 01:41:26,113 --> 01:41:28,916 PART OF WHAT WAS BAKED INTO THE 2610 01:41:28,916 --> 01:41:30,651 PLAN THAT WE MADE IN 2023 AND 2611 01:41:30,651 --> 01:41:34,688 ARE EXPECTING THROUGH THE FULL 2612 01:41:34,688 --> 01:41:36,023 LEVY PERIOD, WHICH ENDS 2030, 2613 01:41:36,023 --> 01:41:38,258 AND IT IS TRUE THE ONE TIME 2614 01:41:38,258 --> 01:41:40,227 PERIODIC INVESTMENTS IN 2615 01:41:40,227 --> 01:41:41,495 STABILITY WERE NOT ANTICIPATED 2616 01:41:41,495 --> 01:41:43,030 IN 2022 AND 2023, AND WE ARE 2617 01:41:43,030 --> 01:41:44,932 RESPONDING TO NEEDS, AND WE ARE 2618 01:41:44,932 --> 01:41:53,240 SEEING THERE'S A LOT OF NEED 2619 01:41:53,240 --> 01:41:55,309 OUT THERE -- THOSE DO FIT WITHIN 2620 01:41:55,309 --> 01:41:57,611 THE EXISTING PLAN BECAUSE THEY 2621 01:41:57,611 --> 01:41:58,412 ARE CAPITAL INVESTMENTS. 2622 01:41:58,412 --> 01:42:00,047 >> I UNDERSTAND THAT, KELLI. I 2623 01:42:00,047 --> 01:42:04,751 JUST KNOW WHEN WE DID THE LEVY 2624 01:42:04,751 --> 01:42:06,887 AND THE P.E.T., WAS CREATING 2625 01:42:06,887 --> 01:42:08,622 MORE UNITS THAN STABILIZING 2626 01:42:08,622 --> 01:42:11,058 UNITS AND QUICKLY WE SAW, 2627 01:42:11,058 --> 01:42:13,427 PARTICULARLY WITH 2023, THE PSH 2628 01:42:13,427 --> 01:42:18,665 UNITS NEEDED THE OPERATING AND 2629 01:42:18,665 --> 01:42:19,766 MAINTENANCE SERVICES MONEY AND 2630 01:42:19,766 --> 01:42:24,805 WORKFORCE STABILIZATION MONEY AS 2631 01:42:24,805 --> 01:42:26,206 WELL. TOWARDS THAT END, ON SLIDE 2632 01:42:26,206 --> 01:42:29,510 EIGHT, IF WE COULD GO TO EIGHT. 2633 01:42:29,510 --> 01:42:31,845 2023 AND 2026, BUT WHERE DID 2634 01:42:31,845 --> 01:42:33,780 2024 AND '25 GO? I THINK THIS 2635 01:42:33,780 --> 01:42:36,583 IS EVERY YEAR -- 2636 01:42:36,583 --> 01:42:39,786 >> THIS IS EVERY YEAR. 2023 IS 2637 01:42:39,786 --> 01:42:42,890 WHEN THE WORKFORCE STABILIZATION 2638 01:42:42,890 --> 01:42:44,992 FUND LAUNCHED, AND THEN PSHOMS 2639 01:42:44,992 --> 01:42:48,762 HAD BEEN GOING SINCE THE 1990s 2640 01:42:48,762 --> 01:42:51,265 AND THE '80s, STARTED IN 1986 2641 01:42:51,265 --> 01:42:53,066 WITH THE SEATTLE HOUSING LEVY, 2642 01:42:53,066 --> 01:42:54,668 GRADUALLY GROWING OVER THE YEARS 2643 01:42:54,668 --> 01:42:56,937 AS LEVIES ARE ADDED AND MORE NEW 2644 01:42:56,937 --> 01:42:58,338 PROJECTS WERE COMING ONLINE. YOU 2645 01:42:58,338 --> 01:43:02,342 DO SEE A SIGNIFICANT JUMP FROM 2646 01:43:02,342 --> 01:43:05,846 2023 TO 2026 FOR PSHOMS, LARGELY 2647 01:43:05,846 --> 01:43:09,249 DUE TO FEDERAL FUND RETRACTION 2648 01:43:09,249 --> 01:43:10,884 AND OUR PSH CAPITAL PIPELINE 2649 01:43:10,884 --> 01:43:13,186 MOVING FORWARD. IN ORDER FOR 2650 01:43:13,186 --> 01:43:14,688 THOSE BUILDINGS TO OPEN, THE 2651 01:43:14,688 --> 01:43:16,056 OFFICE OF FUNDING CAME THROUGH 2652 01:43:16,056 --> 01:43:19,393 TO MAKE SURE THE BUILDINGS COULD 2653 01:43:19,393 --> 01:43:19,593 OPEN. 2654 01:43:19,593 --> 01:43:22,863 >> THANK YOU, KELLI. 2655 01:43:22,863 --> 01:43:24,631 >> JUST TO CONFIRM 2024 AND 2025 2656 01:43:24,631 --> 01:43:26,366 ARE IN THERE, NOT JUST FUNDING 2657 01:43:26,366 --> 01:43:27,634 FOR THE TWO YEARS. 2658 01:43:27,634 --> 01:43:28,101 >> YES. 2659 01:43:28,101 --> 01:43:31,305 >> AND THEN THERE'S ADDITIONAL 2660 01:43:31,305 --> 01:43:33,106 FUNDING THE PERIODIC INVESTMENT, 2661 01:43:33,106 --> 01:43:36,677 AND THE INVESTMENT THEY THINK, 2662 01:43:36,677 --> 01:43:37,644 REALISTICALLY, PROBABLY NEEDS TO 2663 01:43:37,644 --> 01:43:39,279 CONTINUE SO THERE'S A POLICY 2664 01:43:39,279 --> 01:43:41,014 CONSIDERATION HERE AS WELL 2665 01:43:41,014 --> 01:43:42,049 BECAUSE THESE ARE OPERATING 2666 01:43:42,049 --> 01:43:45,452 DOLLARS THAT WERE MEANT TO BE 2667 01:43:45,452 --> 01:43:47,521 TEMPORARY, BUT PROBABLY NEED TO 2668 01:43:47,521 --> 01:43:51,959 CONTINUE. REALISTICALLY AS I 2669 01:43:51,959 --> 01:43:54,861 SAID. I WILL SAY THAT, THAT HAS 2670 01:43:54,861 --> 01:43:59,066 INCREASED IN TO 2026, AND I WAS 2671 01:43:59,066 --> 01:44:00,601 HERE BEFORE THIS CURRENT 2672 01:44:00,601 --> 01:44:02,569 ADMINISTRATION, AND WE WERE 2673 01:44:02,569 --> 01:44:04,938 ALREADY SEEING THE NEED FOR 2674 01:44:04,938 --> 01:44:06,473 OPERATING EXPENSES. I WANT TO BE 2675 01:44:06,473 --> 01:44:07,808 AGAIN VERY TRANSPARENT ABOUT 2676 01:44:07,808 --> 01:44:10,811 THAT. WE NEED TO BE HONEST ABOUT 2677 01:44:10,811 --> 01:44:14,247 WHAT IS HAPPENING, AND WE CAN'T 2678 01:44:14,247 --> 01:44:18,051 SAY THAT THIS JUST STARTED IN 2679 01:44:18,051 --> 01:44:20,187 2025, THIS STARTED BEFORE 2025, 2680 01:44:20,187 --> 01:44:20,854 THE NEED FOR OPERATING 2681 01:44:20,854 --> 01:44:26,593 STABILIZATION, AND I WANT TO BE 2682 01:44:26,593 --> 01:44:31,531 REALLY CLEAR ABOUT THAT. AND IN 2683 01:44:31,531 --> 01:44:34,201 TERMS OF, ON PAGE NINE, PERIODIC 2684 01:44:34,201 --> 01:44:35,902 INVESTMENT, IT'S CLEAR THAT 2685 01:44:35,902 --> 01:44:38,171 ABOUT 50% OF THE DOLLARS, THE 2686 01:44:38,171 --> 01:44:39,539 P.E.T. DOLLARS ARE GOING TO 2687 01:44:39,539 --> 01:44:41,008 STABILIZATION, AND THAT'S WHAT 2688 01:44:41,008 --> 01:44:44,144 I SAY WHEN I MEAN, IT IS A 2689 01:44:44,144 --> 01:44:45,612 DEEPER AMOUNT THAN WE HAD 2690 01:44:45,612 --> 01:44:52,019 INITIALLY THOUGHT OF P.E.T. THAT 2691 01:44:52,019 --> 01:44:53,787 WOULD GO TO OPERATING 2692 01:44:53,787 --> 01:44:54,488 STABILIZATION. WHEN WE INITIALLY 2693 01:44:54,488 --> 01:44:56,289 PASSED THIS, WE DID NOT THINK IT 2694 01:44:56,289 --> 01:44:58,792 WOULD BE THAT LEVEL, 50% OF THE 2695 01:44:58,792 --> 01:45:00,961 P.E.T. INVESTMENT WOULD BE GOING 2696 01:45:00,961 --> 01:45:01,295 TO OPERATING. 2697 01:45:01,295 --> 01:45:02,963 >> I'M NOT SURE IT'S QUITE 2698 01:45:02,963 --> 01:45:05,565 50%, BUT BE WE DID PUT THE LEVY 2699 01:45:05,565 --> 01:45:08,468 THROUGH, WE DID ASSUME CLOSE TO 2700 01:45:08,468 --> 01:45:10,871 40%. I'M NOT SURE WE ARE AT 50% 2701 01:45:10,871 --> 01:45:11,805 TODAY. WE ARE -- I'M PRETTY 2702 01:45:11,805 --> 01:45:14,574 SURE WE ARE LOWER THAN THAT. THE 2703 01:45:14,574 --> 01:45:16,543 MAJORITY OF INVESTMENTS FROM 2704 01:45:16,543 --> 01:45:19,513 JUMP START ARE STILL GOING 2705 01:45:19,513 --> 01:45:21,848 TOWARD CAPITAL, NEW PRODUCTION, 2706 01:45:21,848 --> 01:45:24,951 PRESERVATION, AND THE DEBT 2707 01:45:24,951 --> 01:45:25,752 RESTRUCTURING INVESTMENTS 2708 01:45:25,752 --> 01:45:27,487 MADISON DISCUSSED EARLIER, ALL 2709 01:45:27,487 --> 01:45:28,789 CONSIDERED CAPITAL INVESTMENTS 2710 01:45:28,789 --> 01:45:30,557 ALTHOUGH THERE IS AN INTERPLAY 2711 01:45:30,557 --> 01:45:32,159 WITH LONG-TERM OPERATING 2712 01:45:32,159 --> 01:45:33,427 SUCCESS, THEY ARE CAPITAL 2713 01:45:33,427 --> 01:45:33,760 INVESTMENTS. 2714 01:45:33,760 --> 01:45:37,230 >> I MEAN, AND SO WE CAN QUIBBLE 2715 01:45:37,230 --> 01:45:38,265 ABOUT BETWEEN 40% AND 50%, BUT 2716 01:45:38,265 --> 01:45:41,535 AT THE END OF THE DAY, WE ARE 2717 01:45:41,535 --> 01:45:45,706 USING A HUGE PART OF THE 2718 01:45:45,706 --> 01:45:47,274 INVESTMENT TOWARDS STABILIZING 2719 01:45:47,274 --> 01:45:48,141 CURRENT UNITS INSTEAD OF 2720 01:45:48,141 --> 01:45:50,510 CREATING NEW ONES, WHICH IS WHAT 2721 01:45:50,510 --> 01:45:52,312 WE NEED. THIS IS WHAT I SAY WITH 2722 01:45:52,312 --> 01:45:54,481 WE NEED TO BE HONEST BECAUSE IT 2723 01:45:54,481 --> 01:45:56,049 WILL BE INFORM THE POLICY 2724 01:45:56,049 --> 01:45:57,217 DECISION MOVING FORWARD, AND ON 2725 01:45:57,217 --> 01:45:59,586 PAGE 11, I ALSO WANT TO, FOR THE 2726 01:45:59,586 --> 01:46:01,688 PUBLIC THAT MIGHT BE WATCHING 2727 01:46:01,688 --> 01:46:07,761 NOW OR LATER IS IT STRIKES ME AS 2728 01:46:07,761 --> 01:46:11,631 PRETTY SIGNIFICANT, 72% OF THE 2729 01:46:11,631 --> 01:46:13,367 FUNDING IS GOING TO MAINTENANCE, 2730 01:46:13,367 --> 01:46:14,534 RENT ASSISTANCE, OR INSURANCE 2731 01:46:14,534 --> 01:46:16,169 COSTS. THAT'S A HUGE 2732 01:46:16,169 --> 01:46:16,703 PERCENTAGE. WHEN WE SAY 2733 01:46:16,703 --> 01:46:17,938 MAINTENANCE, CAN YOU TALK A 2734 01:46:17,938 --> 01:46:19,473 LITTLE BIT ABOUT THAT? THERE'S 2735 01:46:19,473 --> 01:46:22,409 DIFFERENT KINDS OF MAINTENANCE 2736 01:46:22,409 --> 01:46:22,609 HERE. 2737 01:46:22,609 --> 01:46:25,178 >> BEFORE YOU RESPOND, THANK YOU 2738 01:46:25,178 --> 01:46:26,313 SO MUCH, COUNCILMEMBER RIVERA. I 2739 01:46:26,313 --> 01:46:27,781 WANT TO REMIND YOU WE HAVE A 2740 01:46:27,781 --> 01:46:29,783 SECOND HALF WE WANT TO GET TO 2741 01:46:29,783 --> 01:46:30,684 TODAY. WE HAVE MORE SLIDES TO 2742 01:46:30,684 --> 01:46:32,452 GET TO. I WANT TO MAKE SURE WE 2743 01:46:32,452 --> 01:46:34,287 GET YOUR QUESTIONS ANSWERED AS 2744 01:46:34,287 --> 01:46:35,622 THE SPONSOR, BUT I ALSO WANT TO 2745 01:46:35,622 --> 01:46:36,656 MAKE SURE WE ARE TRACKING TO GET 2746 01:46:36,656 --> 01:46:39,359 THROUGH THE SECOND HALF OF THE 2747 01:46:39,359 --> 01:46:40,827 PRESENTATION TODAY. I WILL 2748 01:46:40,827 --> 01:46:42,529 INVITE O.H. TO MAKE A RESPONSE, 2749 01:46:42,529 --> 01:46:45,332 AND THEN COUNCILMEMBER, IF I CAN 2750 01:46:45,332 --> 01:46:46,633 JUST MAKE SURE WE PRIORITIZE THE 2751 01:46:46,633 --> 01:46:48,034 QUESTIONS YOU WANT ANSWERED IN 2752 01:46:48,034 --> 01:46:50,771 COMMITTEE, AND WE WILL GET ANY 2753 01:46:50,771 --> 01:46:52,172 NOT ANSWERED IN COMMITTEE TO 2754 01:46:52,172 --> 01:46:52,639 YOUR OFFICE. 2755 01:46:52,639 --> 01:46:53,974 >> THANK YOU, CHAIR. DON'T MEAN 2756 01:46:53,974 --> 01:46:55,776 TO TAKE UP ALL OF THE TIME, BUT 2757 01:46:55,776 --> 01:46:59,079 I DIDN'T KNOW THIS WAS COMING 2758 01:46:59,079 --> 01:47:01,081 TODAY. THE DEPARTMENT HAD NOT 2759 01:47:01,081 --> 01:47:02,282 DISCUSSED WITH ME THIS 2760 01:47:02,282 --> 01:47:03,750 PARTICULAR PRESENTATION OR 2761 01:47:03,750 --> 01:47:05,519 ANYONE ELSE FOR THAT MATTER, SO 2762 01:47:05,519 --> 01:47:07,721 THIS IS MY OPPORTUNITY. THIS IS 2763 01:47:07,721 --> 01:47:08,755 SOMETHING THAT WAS REALLY 2764 01:47:08,755 --> 01:47:09,790 IMPORTANT TO THE COUNCILMEMBERS 2765 01:47:09,790 --> 01:47:11,658 THAT WERE HERE WHEN I PUT THIS 2766 01:47:11,658 --> 01:47:12,759 IN, AND IT'S REALLY IMPORTANT 2767 01:47:12,759 --> 01:47:14,161 FOR THE PUBLIC THAT IS WATCHING 2768 01:47:14,161 --> 01:47:17,964 BECAUSE THIS IS A BIG DEAL. 2769 01:47:17,964 --> 01:47:20,000 >> I AGREE, AND AS I SAID, 2770 01:47:20,000 --> 01:47:21,768 CHAIR, WE WANT TO GET YOUR 2771 01:47:21,768 --> 01:47:22,435 QUESTIONS ANSWERED. I HAVE 2772 01:47:22,435 --> 01:47:23,837 QUESTIONS I NEED TO GET TO AS 2773 01:47:23,837 --> 01:47:26,139 CHAIR OF THE COMMITTEE. 2774 01:47:26,139 --> 01:47:28,074 >> THANK YOU, CHAIR. 2775 01:47:28,074 --> 01:47:31,778 >> MARIA, DO YOU WANT TO SHARE 2776 01:47:31,778 --> 01:47:33,213 DETAILS AROUND MAINTENANCE COSTS 2777 01:47:33,213 --> 01:47:35,182 AND URGENT SUPPORT? 2778 01:47:35,182 --> 01:47:36,416 >> MAINTENANCE COSTS INCLUDE 2779 01:47:36,416 --> 01:47:38,185 THINGS LIKE UNIT TURNS WHEN A 2780 01:47:38,185 --> 01:47:40,487 RESIDENT MOVES OUT AND THE UNIT 2781 01:47:40,487 --> 01:47:41,655 NEEDS TO BE REPAIRED, REALLY WE 2782 01:47:41,655 --> 01:47:44,124 JUST HEARD A LOT ABOUT DEFERRED 2783 01:47:44,124 --> 01:47:45,959 MAINTENANCE THROUGH THE 2784 01:47:45,959 --> 01:47:49,095 APPLICATIONS FOR THE FUNDING, 2785 01:47:49,095 --> 01:47:52,365 AND IT'S ALSO A SIMPLER WAY TO 2786 01:47:52,365 --> 01:47:55,368 USE THE FUNDING THAN RENT 2787 01:47:55,368 --> 01:47:57,170 ASSISTANCE. RENT ASSISTANCE IS 2788 01:47:57,170 --> 01:47:58,438 STAFF INTENSIVE TO PROVIDE 2789 01:47:58,438 --> 01:47:59,773 DIRECTLY TO RESIDENTS. I THINK 2790 01:47:59,773 --> 01:48:04,044 IT MIGHT BE SHOWING UP AS THE 2791 01:48:04,044 --> 01:48:04,811 PREDOMINANT CATEGORY BECAUSE 2792 01:48:04,811 --> 01:48:06,947 IT'S EASIER TO DEPLOY, SAME FOR 2793 01:48:06,947 --> 01:48:09,082 INSURANCE COSTS. I DON'T 2794 01:48:09,082 --> 01:48:10,717 BELIEVE THERE ARE OTHER FUNDING 2795 01:48:10,717 --> 01:48:12,152 SOURCES TO COVER INSURANCE COSTS 2796 01:48:12,152 --> 01:48:13,553 THAT ARE SO FLEXIBLE LIKE THIS 2797 01:48:13,553 --> 01:48:15,655 ONE, AND WE HEARD FROM PROVIDERS 2798 01:48:15,655 --> 01:48:18,024 THAT WAS A STRATEGY THEY WERE 2799 01:48:18,024 --> 01:48:21,061 EASILY ABLE TO PLUG IN TO THAT 2800 01:48:21,061 --> 01:48:21,261 COST. 2801 01:48:21,261 --> 01:48:24,431 >> THIS IS ANOTHER AREA WHERE 2802 01:48:24,431 --> 01:48:25,131 URGENT OPERATING STABILITY 2803 01:48:25,131 --> 01:48:29,402 OVERLAPS THE PRIER ER IS -- 2804 01:48:29,402 --> 01:48:31,371 PRESERVATION. WE HAVE A LOT OF 2805 01:48:31,371 --> 01:48:34,374 AGING PROPERTIES, AND THERE'S A 2806 01:48:34,374 --> 01:48:35,008 NUMBER OF DEFERRED MAINTENANCE 2807 01:48:35,008 --> 01:48:36,343 THAT SIT IN THE PROPERTIES AND 2808 01:48:36,343 --> 01:48:37,244 HAVE NOT BEEN ATTENDED TO 2809 01:48:37,244 --> 01:48:39,479 BECAUSE OF A LACK OF RESOURCES. 2810 01:48:39,479 --> 01:48:40,981 YOU SEE THE OVERLAP THERE WITH 2811 01:48:40,981 --> 01:48:43,416 THE LONG-TERM CAPITAL NEEDS AND 2812 01:48:43,416 --> 01:48:48,054 MAINTENANCE. THERE'S A LOT OF 2813 01:48:48,054 --> 01:48:49,990 OVERLAP, AND IT'S COSTLY. IT'S 2814 01:48:49,990 --> 01:48:52,392 NOT SURPRISING THAT'S A LARGE 2815 01:48:52,392 --> 01:48:55,862 CATEGORY OF SPENDING IN THE 2816 01:48:55,862 --> 01:48:57,163 FUNDING ROUND, BUT WE ARE 2817 01:48:57,163 --> 01:48:59,399 WATCHING IT AND MAKING SURE THAT 2818 01:48:59,399 --> 01:49:00,867 WE WERE REALLY VERY DILIGENT 2819 01:49:00,867 --> 01:49:05,238 ACROSS ALL OF THE TEAMS AT THE 2820 01:49:05,238 --> 01:49:07,173 OFFICE THAT THE PRESERVATION 2821 01:49:07,173 --> 01:49:09,109 INVESTMENTS WERE SEPARATE AND 2822 01:49:09,109 --> 01:49:11,278 NOT DUPLICATED AND SAME WITH 2823 01:49:11,278 --> 01:49:12,345 DEBT RESTRUCTURING. WE ARE 2824 01:49:12,345 --> 01:49:15,749 MAKING SURE WE BALANCE O.H. 2825 01:49:15,749 --> 01:49:17,183 SUPPORT ACROSS THE ENTIRE 2826 01:49:17,183 --> 01:49:20,220 PORTFOLIO FOR VARIOUS NEEDS. 2827 01:49:20,220 --> 01:49:21,621 >> BUT ON THE MAINTENANCE SIDE, 2828 01:49:21,621 --> 01:49:24,891 IT'S SOME OF THE UNITS THAT 2829 01:49:24,891 --> 01:49:26,560 NEED TO BE FIXED, THOSE ARE 2830 01:49:26,560 --> 01:49:28,461 SIZABLE COSTS, AND I SAY THAT 2831 01:49:28,461 --> 01:49:29,796 BECAUSE THE PROVIDERS WHEN THEY 2832 01:49:29,796 --> 01:49:33,900 TALK TO US AND WE PUT THESE 2833 01:49:33,900 --> 01:49:35,635 OPERATING FUNDING IN, IT WAS TO 2834 01:49:35,635 --> 01:49:40,540 ADDRESS SOME OF THAT, TOO, SO 2835 01:49:40,540 --> 01:49:42,142 UPWARDS OF 100,000 FOR EACH UNIT 2836 01:49:42,142 --> 01:49:43,610 IN SOME CASES, NOT ALL CASES. I 2837 01:49:43,610 --> 01:49:46,046 JUST WANTED TO SAY THAT AS WELL. 2838 01:49:46,046 --> 01:49:48,915 I WILL FORMALLY REQUEST I GET A 2839 01:49:48,915 --> 01:49:50,383 BRIEFING ON THE PARTICULAR SLIDE 2840 01:49:50,383 --> 01:49:52,285 BECAUSE LIKE I KNOW, I DIDN'T 2841 01:49:52,285 --> 01:49:54,254 KNOW IT WAS COMING. I DON'T SIT 2842 01:49:54,254 --> 01:49:54,888 ON THE COMMITTEE. I WOULDN'T 2843 01:49:54,888 --> 01:49:56,389 HAVE KNOWN IT WAS COMING BEFORE 2844 01:49:56,389 --> 01:49:58,692 THE COMMITTEE AHEAD OF TIME. I 2845 01:49:58,692 --> 01:50:00,093 WOULD HAVE APPRECIATED THE 2846 01:50:00,093 --> 01:50:01,227 DEPARTMENT FLAGGING FOR ME THIS 2847 01:50:01,227 --> 01:50:02,862 WAS COMING AND YOU WERE GOING TO 2848 01:50:02,862 --> 01:50:04,230 ANSWER THE SLIDE TODAY, AND I 2849 01:50:04,230 --> 01:50:06,466 WOULD HAVE LOVED TO HAVE HAD A 2850 01:50:06,466 --> 01:50:07,467 BRIEFING BEFOREHAND SO I COULD 2851 01:50:07,467 --> 01:50:08,768 ANSWER ALL OF THE QUESTIONS AND 2852 01:50:08,768 --> 01:50:11,237 NOT HAVE TO TAKE UP YOUR TIME, 2853 01:50:11,237 --> 01:50:13,239 CHAIR, HERE IN COMMITTEE. I WILL 2854 01:50:13,239 --> 01:50:13,840 FORMALLY REQUEST THAT. 2855 01:50:13,840 --> 01:50:16,142 >> WE ARE HAPPY TO DO THAT, 2856 01:50:16,142 --> 01:50:16,509 COUNCILMEMBER. 2857 01:50:16,509 --> 01:50:19,913 >> THANK YOU. THANK YOU, CHAIR. 2858 01:50:19,913 --> 01:50:21,948 >> THANK YOU, COUNCILMEMBER 2859 01:50:21,948 --> 01:50:24,985 RIVERA. I WANT TO GO TO A COUPLE 2860 01:50:24,985 --> 01:50:25,552 MORE QUESTIONS. COLLEAGUES, 2861 01:50:25,552 --> 01:50:27,187 PLEASE LET THE CLERK KNOW IF YOU 2862 01:50:27,187 --> 01:50:28,154 WILL HAVE CHALLENGES. I DO HAVE 2863 01:50:28,154 --> 01:50:29,389 A FEW MORE QUESTIONS BEFORE WE 2864 01:50:29,389 --> 01:50:31,558 GO INTO THE FINAL PART OF THE 2865 01:50:31,558 --> 01:50:34,561 PRESENTATION WHERE WE ARE GOING 2866 01:50:34,561 --> 01:50:36,196 TO GET INTO THE DASHBOARD YOU 2867 01:50:36,196 --> 01:50:37,864 HAVE ALL PUT TOGETHER. ONE THING 2868 01:50:37,864 --> 01:50:40,900 I WANT TO MAKE SURE WE THREAD 2869 01:50:40,900 --> 01:50:42,969 THE NEEDLE ON WITH THE 2870 01:50:42,969 --> 01:50:45,005 COMBINATION OF THE OPERATING 2871 01:50:45,005 --> 01:50:49,009 COSTS AND BALANCING THE NEED FOR 2872 01:50:49,009 --> 01:50:51,311 NEW HOUSING CONSTRUCTION IS THE 2873 01:50:51,311 --> 01:50:52,445 COMPLEXITY IN PUTTING TOGETHER 2874 01:50:52,445 --> 01:50:54,147 THEIR CAPITAL STACKS. AS WE KNOW 2875 01:50:54,147 --> 01:50:55,582 OFFICE OF HOUSING IS A CRITICAL 2876 01:50:55,582 --> 01:50:57,617 FUNDER AND ALSO WE ARE NOT THE 2877 01:50:57,617 --> 01:51:00,086 ONLY FUNDER. I KNOW MANY OF OUR 2878 01:51:00,086 --> 01:51:00,854 PARTNERS ARE RELYING ON 2879 01:51:00,854 --> 01:51:02,155 RESOURCES COMING IN FROM THE 2880 01:51:02,155 --> 01:51:04,424 STATE OR COME IN FROM THE 2881 01:51:04,424 --> 01:51:05,692 FEDERAL GOVERNMENT. IT'S MY 2882 01:51:05,692 --> 01:51:07,260 UNDERSTANDING THAT GIVEN THE 2883 01:51:07,260 --> 01:51:09,162 FUNDING CONSTRAINTS IN BOTH OF 2884 01:51:09,162 --> 01:51:10,830 THOSE PLACES, THERE IS AN 2885 01:51:10,830 --> 01:51:12,232 ONGOING CHALLENGE WITH PROVIDERS 2886 01:51:12,232 --> 01:51:14,601 BEING ABLE TO PUT TOGETHER A 2887 01:51:14,601 --> 01:51:16,436 COMPLETE CAPITAL STACK, AND PART 2888 01:51:16,436 --> 01:51:17,904 OF THAT INFLUENCES THE DECISIONS 2889 01:51:17,904 --> 01:51:19,439 THAT THE OFFICE OF HOUSING NEEDS 2890 01:51:19,439 --> 01:51:23,510 TO MAKE, AND AS WE THINK OF THIS 2891 01:51:23,510 --> 01:51:24,644 COMPLICATED BALANCE BETWEEN 2892 01:51:24,644 --> 01:51:25,578 INVESTMENTS AND PRESERVATION 2893 01:51:25,578 --> 01:51:27,147 THAT WE ARE TALKING ABOUT TODAY, 2894 01:51:27,147 --> 01:51:29,315 WE ALSO KNOW THAT ANY INVESTMENT 2895 01:51:29,315 --> 01:51:30,984 WE MAKE IN NEW CONSTRUCTION WILL 2896 01:51:30,984 --> 01:51:32,519 REQUIRE PARTNER FUNDING, AND SO 2897 01:51:32,519 --> 01:51:35,355 CAN YOU JUST SHARE MORE ABOUT 2898 01:51:35,355 --> 01:51:36,990 THAT CONTEXT AND HOW THAT IS 2899 01:51:36,990 --> 01:51:39,125 INFLUENCING DECISIONS AND THE 2900 01:51:39,125 --> 01:51:41,494 THOUGHT PROCESS WITHIN THE 2901 01:51:41,494 --> 01:51:41,795 DEPARTMENT? 2902 01:51:41,795 --> 01:51:45,532 >> I WILL ASK ROSEY TO TAKE THAT 2903 01:51:45,532 --> 01:51:45,732 ONE. 2904 01:51:45,732 --> 01:51:48,001 >> YEAH, SO THE OFFICE OF 2905 01:51:48,001 --> 01:51:49,302 HOUSING, ALTHOUGH OUR SHARE OF 2906 01:51:49,302 --> 01:51:50,870 THE CAPITAL STACK AS WE CALL IT 2907 01:51:50,870 --> 01:51:56,242 OR THE SOURCES THAT IT TAKES TO 2908 01:51:56,242 --> 01:51:58,078 GET A PROJECT UNDERCONSTRUCTION, 2909 01:51:58,078 --> 01:52:00,046 OUR SHARE HAS GROWN, HOWEVER WE 2910 01:52:00,046 --> 01:52:03,049 DEPEND ON OUR PARTNERS, OTHER 2911 01:52:03,049 --> 01:52:07,187 PUBLIC FUNDERS LIKE KING COUNTY 2912 01:52:07,187 --> 01:52:08,521 AND THE STATE DEPARTMENT OF 2913 01:52:08,521 --> 01:52:10,156 COMMERCE THROUGH THE HOUSING 2914 01:52:10,156 --> 01:52:13,860 TRUST FUND. WE HAVE TO DO THAT 2915 01:52:13,860 --> 01:52:17,163 ALL TOGETHER, AND WE COORDINATE 2916 01:52:17,163 --> 01:52:18,698 THROUGH THE KING COUNTY PUBLIC 2917 01:52:18,698 --> 01:52:22,535 FUNDERS COORDINATION, AND WE DO 2918 01:52:22,535 --> 01:52:25,605 THAT AS WELL AS OUR PROJECTS 2919 01:52:25,605 --> 01:52:26,339 UTILIZE THE BIGGEST CHUNK 2920 01:52:26,339 --> 01:52:27,974 PROBABLY THAT THEY UTILIZE OR 2921 01:52:27,974 --> 01:52:30,009 THE BIGGEST TOOL, I WOULD SAY, 2922 01:52:30,009 --> 01:52:32,312 THAT THEY UTILIZE IN THE 2923 01:52:32,312 --> 01:52:36,116 PROJECTS IS THE LOW-INCOME 2924 01:52:36,116 --> 01:52:39,819 HOUSING TAX CREDITS, AND THAT IS 2925 01:52:39,819 --> 01:52:41,721 ALLOCATED THROUGH THE WASHINGTON 2926 01:52:41,721 --> 01:52:43,256 STATE HOUSING FINANCE 2927 01:52:43,256 --> 01:52:46,059 COMMISSION, AND WE ALSO 2928 01:52:46,059 --> 01:52:47,427 COORDINATE WITH THEM AS WELL. 2929 01:52:47,427 --> 01:52:50,764 THERE ARE A LOT OF MOVING 2930 01:52:50,764 --> 01:52:54,200 PIECES. OFTEN TIMES WE ARE THE 2931 01:52:54,200 --> 01:52:57,003 FIRST ONES IN, AND THEN, THE 2932 01:52:57,003 --> 01:53:00,673 OTHER FUNDERS COME, AND SO IT 2933 01:53:00,673 --> 01:53:01,574 TAKES, TYPICALLY, ANOTHER ROUND 2934 01:53:01,574 --> 01:53:03,409 OF FUNDING, AND SO IF WE FUNDED 2935 01:53:03,409 --> 01:53:06,412 SOMETHING, LET'S JUST SAY WE 2936 01:53:06,412 --> 01:53:08,982 FUNDED SOMETHING IN 2026, THIS 2937 01:53:08,982 --> 01:53:10,683 YEAR, AND THEY PROBABLY -- THE 2938 01:53:10,683 --> 01:53:13,186 PROJECT PROBABLY WON'T BE FULLY 2939 01:53:13,186 --> 01:53:15,622 FUNDED AND READY TO GO UNTIL 2940 01:53:15,622 --> 01:53:18,224 ANOTHER YEAR. SO WE ARE ALREADY 2941 01:53:18,224 --> 01:53:19,993 SAYING, OKAY, IN 2027, THEY ARE 2942 01:53:19,993 --> 01:53:27,100 GOING TO GET UNDERWAY, AND THEN 2943 01:53:27,100 --> 01:53:30,637 WHEN YOU ADD A TWO-YEAR 2944 01:53:30,637 --> 01:53:31,237 CONSTRUCTION SCHEDULE, WE ARE 2945 01:53:31,237 --> 01:53:34,374 NOW IN 2029 WHEN THOSE UNITS GET 2946 01:53:34,374 --> 01:53:36,109 DELIVERED, AND THEN THEY HAVE 2947 01:53:36,109 --> 01:53:39,712 THE LEASE UP, WHICH CAN TAKE 2948 01:53:39,712 --> 01:53:43,850 ANYWHERE FROM EIGHT MONTHS, AND 2949 01:53:43,850 --> 01:53:45,351 THAT'S LIKE FAST. TO ABOUT 18 2950 01:53:45,351 --> 01:53:47,687 MONTHS, WHICH IS UNFORTUNATELY 2951 01:53:47,687 --> 01:53:49,622 MORE TYPICAL NOW. NOW WE ARE 2952 01:53:49,622 --> 01:53:58,765 TALKING ABOUT WE ARE ALREADY IN 2953 01:53:58,765 --> 01:54:01,100 LIKE 2030, 2031. AND WE STARTED 2954 01:54:01,100 --> 01:54:02,669 IN 2026. WE ARE TALKING ABOUT 2955 01:54:02,669 --> 01:54:04,671 FOUR TO FIVE YEARS LATER IS WHEN 2956 01:54:04,671 --> 01:54:06,406 THE FULL CYCLE WE HAVE EXPENDED 2957 01:54:06,406 --> 01:54:08,074 ALL OF THE FUNDS WE HAVE 2958 01:54:08,074 --> 01:54:11,578 COMMITTED TO THE PROJECT, THEY 2959 01:54:11,578 --> 01:54:13,680 ARE ON THEIR WAY, AND SO IT 2960 01:54:13,680 --> 01:54:15,515 LOOKS AND APPEARS SOMETIMES THAT 2961 01:54:15,515 --> 01:54:16,716 MONEY IS SITTING THERE, BUT IT 2962 01:54:16,716 --> 01:54:20,220 IS NOT. IT IS COMMITTED AND 2963 01:54:20,220 --> 01:54:23,356 MOVING, IT'S JUST THE 2964 01:54:23,356 --> 01:54:24,357 DEVELOPMENT CYCLE TAKES LONGER 2965 01:54:24,357 --> 01:54:27,026 THAN YOU WOULD THINK TO GET 2966 01:54:27,026 --> 01:54:27,961 THROUGH TO FULL COMPLETION, AND 2967 01:54:27,961 --> 01:54:29,362 KATE IS GOING TO BE ABLE TO TALK 2968 01:54:29,362 --> 01:54:31,831 A LOT ABOUT THAT, AND YOU WILL 2969 01:54:31,831 --> 01:54:34,100 SEE THAT ON THE DASHBOARD THAT 2970 01:54:34,100 --> 01:54:35,268 SHE EXPLAINS AND HOW, A LOT OF 2971 01:54:35,268 --> 01:54:37,337 IT WILL BE POINT IN TIMES, BUT 2972 01:54:37,337 --> 01:54:39,505 YOU JUST HAVE TO KIND OF REALIZE 2973 01:54:39,505 --> 01:54:40,673 THAT DEPENDING ON THE STAGE, 2974 01:54:40,673 --> 01:54:41,808 THERE'S STILL A LOT MORE WORK 2975 01:54:41,808 --> 01:54:44,177 TO BE DONE AND A LOT MORE 2976 01:54:44,177 --> 01:54:45,878 EXPENDITURES TO BE HAD. 2977 01:54:45,878 --> 01:54:47,614 >> THANK YOU FOR THAT. I ASK 2978 01:54:47,614 --> 01:54:49,215 THAT QUESTION A LITTLE BIT AS A 2979 01:54:49,215 --> 01:54:51,317 PRELUDE TO WHERE WE ARE HEADED, 2980 01:54:51,317 --> 01:54:53,319 BUT I THINK IT'S ALSO IMPORTANT 2981 01:54:53,319 --> 01:54:55,755 BECAUSE I BELIEVE COUNCILMEMBER 2982 01:54:55,755 --> 01:54:57,323 OR EXCUSE ME COUNCILMEMBER LIN 2983 01:54:57,323 --> 01:55:00,760 SPOKE TO THIS PREVIOUSLY. FOR 2984 01:55:00,760 --> 01:55:05,198 PROVIDERS LOOKING AT BALANCING 2985 01:55:05,198 --> 01:55:06,733 THEIR ASSETS PART OF THE BALANCE 2986 01:55:06,733 --> 01:55:08,368 IS DEVELOPMENT AND NEW 2987 01:55:08,368 --> 01:55:08,968 CONSTRUCTION. WHEN WE SEE THE 2988 01:55:08,968 --> 01:55:11,004 SLOWDOWN IN THE NEW 2989 01:55:11,004 --> 01:55:12,138 CONSTRUCTION, WE KNOW THAT ALSO 2990 01:55:12,138 --> 01:55:13,806 HITS THEIR STABILITY, AND SO, I 2991 01:55:13,806 --> 01:55:15,508 THINK THAT AS MUCH AS WE ARE 2992 01:55:15,508 --> 01:55:17,477 SORT OF TALKING OF THESE AS 2993 01:55:17,477 --> 01:55:18,611 SEPARATE INVESTMENTS, I THINK 2994 01:55:18,611 --> 01:55:20,480 THEY ARE VERY MUCH LINKED, AND 2995 01:55:20,480 --> 01:55:21,881 IT'S ALSO, I WOULD SAY MY 2996 01:55:21,881 --> 01:55:24,951 BELIEF AS I'M LOOKING AT WHAT 2997 01:55:24,951 --> 01:55:26,052 IS HAPPENING, THE SLOWDOWN IN 2998 01:55:26,052 --> 01:55:27,787 NEW INVESTMENT DOLLARS IS GOING 2999 01:55:27,787 --> 01:55:29,756 TO HAVE AN IMPACT OUTSIDE OF 3000 01:55:29,756 --> 01:55:31,324 EVEN SEATTLE'S ABILITY TO 3001 01:55:31,324 --> 01:55:32,258 DELIVER ON OUR VISION FOR 3002 01:55:32,258 --> 01:55:34,127 INVESTMENT DOLLARS. I WANT TO GO 3003 01:55:34,127 --> 01:55:35,595 TO A COUPLE OTHER THINGS THAT I 3004 01:55:35,595 --> 01:55:37,397 MAKE SURE ARE PART OF THIS 3005 01:55:37,397 --> 01:55:38,131 CONVERSATION BECAUSE WE HAVE 3006 01:55:38,131 --> 01:55:40,566 TALKED ABOUT THIS BEFORE. THE 3007 01:55:40,566 --> 01:55:41,301 INCREASED CONSTRUCTION COSTS, 3008 01:55:41,301 --> 01:55:42,935 AND I THINK THAT, AND I WANT TO 3009 01:55:42,935 --> 01:55:44,904 SAY I KNOW A LOT OF THIS 3010 01:55:44,904 --> 01:55:46,072 CONTINUES TO BE THE 3011 01:55:46,072 --> 01:55:46,973 STABILIZATION REPORT, BUT IT'S 3012 01:55:46,973 --> 01:55:48,508 ALSO LINKED BACK TO THAT, WHEN 3013 01:55:48,508 --> 01:55:49,776 WE THINK OF THE BALANCE OF 3014 01:55:49,776 --> 01:55:52,178 DOLLARS WE ARE PUTTING FROM 3015 01:55:52,178 --> 01:55:54,113 P.E.T. FROM THE HOUSING LEVY, 3016 01:55:54,113 --> 01:55:55,114 AND OTHERS, INTO THE TOTAL 3017 01:55:55,114 --> 01:55:58,017 NUMBER OF UNITS WE ARE TRYING TO 3018 01:55:58,017 --> 01:55:59,819 DELIVER, AND SO IT'S MY CURRENT 3019 01:55:59,819 --> 01:56:01,688 UNDERSTANDING IN ORDER TO MEET 3020 01:56:01,688 --> 01:56:03,389 THE EXISTING HOUSING LEVY GOALS 3021 01:56:03,389 --> 01:56:04,957 WE HAVE, REGARDLESS OF WHAT WE 3022 01:56:04,957 --> 01:56:06,793 ARE DOING ON THE OPERATIONS 3023 01:56:06,793 --> 01:56:08,628 BALANCING SIDE, WE ARE GOING TO 3024 01:56:08,628 --> 01:56:10,063 NEED TO BE INVESTING ADDITIONAL 3025 01:56:10,063 --> 01:56:12,065 RESOURCES THAT COME FROM P.E.T. 3026 01:56:12,065 --> 01:56:13,933 CAN YOU SPEAK TO THAT? I KNOW WE 3027 01:56:13,933 --> 01:56:15,969 HAVE TALKED IN THE COMMITTEE, 3028 01:56:15,969 --> 01:56:16,936 BUT AS COUNCILMEMBER RIVERA IS 3029 01:56:16,936 --> 01:56:19,005 HERE, I WANT TO MAKE SURE THAT 3030 01:56:19,005 --> 01:56:20,907 WE ARE DAYLIGHTING THAT AS WELL 3031 01:56:20,907 --> 01:56:22,675 AS THE OTHER CONSIDERATIONS. 3032 01:56:22,675 --> 01:56:25,812 >> IN RESPONSE TO A DIFFERENT 3033 01:56:25,812 --> 01:56:27,380 SLIDE THAT WAS PRIMARY SPONSORED 3034 01:56:27,380 --> 01:56:28,981 BY COUNCILMEMBER KETTLE, THE 3035 01:56:28,981 --> 01:56:30,450 SEATTLE HOUSING AND INVESTMENT 3036 01:56:30,450 --> 01:56:33,152 PLAN, WE DID PROVIDE AN UPDATED 3037 01:56:33,152 --> 01:56:38,124 PROJECTION OF HOW THE OFFICE OF 3038 01:56:38,124 --> 01:56:38,725 HOUSING'S FUNDS WOULD FLOW 3039 01:56:38,725 --> 01:56:40,360 THROUGH 2030 IN TO MEETING THE 3040 01:56:40,360 --> 01:56:45,231 HOUSING NEEDS THAT OUR CITY 3041 01:56:45,231 --> 01:56:47,867 FACES. SO WE STARTED WITH THE 3042 01:56:47,867 --> 01:56:49,702 FRAMEWORK PASSED FOR THE 2023 3043 01:56:49,702 --> 01:56:51,637 SEATTLE HOUSING LEVY AND UPDATED 3044 01:56:51,637 --> 01:56:54,407 THE MODELING FOR THE SEATTLE 3045 01:56:54,407 --> 01:56:55,708 HOUSING INVESTMENT PLAN, AND 3046 01:56:55,708 --> 01:56:56,542 THAT MODELING, A LOT OF 3047 01:56:56,542 --> 01:56:57,377 CONDITIONS HAVE CHANGED IN A 3048 01:56:57,377 --> 01:57:00,446 PERIOD OF A COUPLE OF YEARS, AND 3049 01:57:00,446 --> 01:57:02,081 MADISON HELPED A LOT WITH THAT. 3050 01:57:02,081 --> 01:57:04,283 YOU SEE INTEREST RATES ARE 3051 01:57:04,283 --> 01:57:06,786 DIFFERENT. TAX CREDIT PRICING IS 3052 01:57:06,786 --> 01:57:08,020 DIFFERENT. OPERATING EXPENSES 3053 01:57:08,020 --> 01:57:08,654 HAVE GROWN, AND THE MODEL 3054 01:57:08,654 --> 01:57:10,156 CHANGED QUITE A LOT. SUCH THAT, 3055 01:57:10,156 --> 01:57:13,760 IN ORDER FOR US TO ACHIEVE OUR 3056 01:57:13,760 --> 01:57:16,029 HOUSING LEVY PRODUCTION GOALS, 3057 01:57:16,029 --> 01:57:18,097 WE ESTIMATE CONSERVATIVELY, WE 3058 01:57:18,097 --> 01:57:19,499 WOULD NEED APPROXIMATELY 300 3059 01:57:19,499 --> 01:57:21,467 MILLION OF JUMP START PAYROLL 3060 01:57:21,467 --> 01:57:23,536 EXPENSE TAX, CAPITAL INVESTMENT 3061 01:57:23,536 --> 01:57:24,937 OVER THAT PERIOD OF TIME THROUGH 3062 01:57:24,937 --> 01:57:26,372 2030, TO ACTUALLY ACHIEVE THOSE 3063 01:57:26,372 --> 01:57:27,373 GOALS. THE LEVY WON'T BE ABLE 3064 01:57:27,373 --> 01:57:29,409 TO DO IT ALONE. WE ARE GOING TO 3065 01:57:29,409 --> 01:57:31,010 NEED SOME OF OUR OTHER LOCAL 3066 01:57:31,010 --> 01:57:33,546 SOURCES TO GET THAT DONE. 3067 01:57:33,546 --> 01:57:35,848 THAT'S IN THAT RESPONSE. 3068 01:57:35,848 --> 01:57:36,749 COUNCILMEMBER KETTLE HAS 3069 01:57:36,749 --> 01:57:37,583 REQUESTED ANOTHER UPDATE TO THAT 3070 01:57:37,583 --> 01:57:41,354 PLAN THIS YEAR. WE WILL BE 3071 01:57:41,354 --> 01:57:41,888 BRINGING FORWARD ANOTHER 3072 01:57:41,888 --> 01:57:43,556 RESPONSE LATER ON, BUT IT'S 3073 01:57:43,556 --> 01:57:46,893 SIGNIFICANT BECAUSE THE COSTS 3074 01:57:46,893 --> 01:57:48,828 HAVE GROWN ENORMOUSLY. THE 3075 01:57:48,828 --> 01:57:50,063 OFFICE IS COMMITTED TO 3076 01:57:50,063 --> 01:57:51,998 MAINTAINING INVESTMENTS IN NEW 3077 01:57:51,998 --> 01:57:52,665 PRODUCTION. THAT'S CRITICAL. WE 3078 01:57:52,665 --> 01:57:54,233 HAVE TO CONTINUE TO MEET THE 3079 01:57:54,233 --> 01:57:56,736 NEEDS WE FACE AND ADDRESS THE 3080 01:57:56,736 --> 01:57:58,404 NEEDS OF OUR AGING PORTFOLIO AND 3081 01:57:58,404 --> 01:58:00,139 SUPPORT OPERATIONS. WE HAVE TO 3082 01:58:00,139 --> 01:58:01,741 DO ALL THINGS. 3083 01:58:01,741 --> 01:58:02,909 >> YEP. THANK YOU. AND FINAL 3084 01:58:02,909 --> 01:58:03,876 MAYBE COUPLE OF QUESTIONS ON 3085 01:58:03,876 --> 01:58:05,878 THIS BEFORE WE GO TO THE LAST 3086 01:58:05,878 --> 01:58:07,447 PART OF THE SLIDE PRESENTATION. 3087 01:58:07,447 --> 01:58:09,449 I JUST -- WHEN WE ARE THINKING 3088 01:58:09,449 --> 01:58:11,551 ABOUT THE INFORMATION THAT YOU 3089 01:58:11,551 --> 01:58:13,219 PROVIDED IN TERMS OF THIS 3090 01:58:13,219 --> 01:58:14,620 FUNDING ROUND AND THE RESOURCES 3091 01:58:14,620 --> 01:58:16,022 AROUND STABILIZATION, ONE OF THE 3092 01:58:16,022 --> 01:58:17,924 THINGS I THINK IS IMPORTANT OR 3093 01:58:17,924 --> 01:58:18,958 STRUCK ME FROM YOUR 3094 01:58:18,958 --> 01:58:20,092 PRESENTATION, WHEN YOU TALKED 3095 01:58:20,092 --> 01:58:21,127 ABOUT THINGS FROM THE BUILDINGS 3096 01:58:21,127 --> 01:58:22,795 THAT YOU SAW HAD IN COMMON, I 3097 01:58:22,795 --> 01:58:25,298 BELIEVE YOU SAID MOST OF THEM 3098 01:58:25,298 --> 01:58:29,101 CAME ONLINE IN 2020, AND I KNOW 3099 01:58:29,101 --> 01:58:31,304 THERE WERE 13 APPLICANTS, 9 3100 01:58:31,304 --> 01:58:32,905 FUNDED. I WANTED TO MAKE SURE 3101 01:58:32,905 --> 01:58:34,340 WAS THAT MOST OF THE 13 OR MOST 3102 01:58:34,340 --> 01:58:37,844 OF THE 9? AND THEN CAN YOU SPEAK 3103 01:58:37,844 --> 01:58:40,446 TO WHY THAT TIMELINE ON THEM 3104 01:58:40,446 --> 01:58:41,180 COMING ON MAY HAVE SOME 3105 01:58:41,180 --> 01:58:42,515 SIGNIFICANCE? 3106 01:58:42,515 --> 01:58:44,750 >> I THINK MY RESPONSE TO YOU 3107 01:58:44,750 --> 01:58:46,986 WAS ABOUT THE DASHBOARD. SO THAT 3108 01:58:46,986 --> 01:58:49,288 IS ALL OF THE INVESTMENTS THAT 3109 01:58:49,288 --> 01:58:50,690 ARE CURRENTLY IN PLAY, THE 3110 01:58:50,690 --> 01:58:52,191 MAJORITY OF THOSE HAVE APPLIED 3111 01:58:52,191 --> 01:58:55,995 FOR FUNDING FROM THE OFFICE OF 3112 01:58:55,995 --> 01:58:57,096 HOUSING SINCE 2021. THERE ARE 3113 01:58:57,096 --> 01:58:58,464 SOME OUTLIERS OLDER THAN THAT, 3114 01:58:58,464 --> 01:58:59,699 BUT MADISON, I DON'T KNOW IF 3115 01:58:59,699 --> 01:59:03,202 YOU CAN SPEAK TO THE AGE OF SOME 3116 01:59:03,202 --> 01:59:04,437 OF THE STABILIZATION 3117 01:59:04,437 --> 01:59:04,770 INVESTMENTS? 3118 01:59:04,770 --> 01:59:05,671 >> WITHOUT KNOWING OFF THE TOP 3119 01:59:05,671 --> 01:59:09,041 OF MY HEAD THE DATES OF EACH OF 3120 01:59:09,041 --> 01:59:10,443 THE BUILDINGS, MAJORITY I THINK, 3121 01:59:10,443 --> 01:59:16,482 IT'S SURPRISING RIGHT HOW NEW 3122 01:59:16,482 --> 01:59:21,988 THEY ARE. I THINK THAT POINTS TO 3123 01:59:21,988 --> 01:59:23,623 A COUPLE OF FACTORS. ONE HOW 3124 01:59:23,623 --> 01:59:24,257 DRASTICALLY DIFFERENT OPERATIONS 3125 01:59:24,257 --> 01:59:27,927 WERE DURING THE PANDEMIC. 3126 01:59:27,927 --> 01:59:30,129 BUILDINGS UNDERWRITTEN IN 2018, 3127 01:59:30,129 --> 01:59:34,033 2019, AND THEN HAD TO COME 3128 01:59:34,033 --> 01:59:36,002 ONLINE WITHOUT HAVING CONTRACTS 3129 01:59:36,002 --> 01:59:38,938 IN PLACE, STAFF IN PLACE, TO GET 3130 01:59:38,938 --> 01:59:42,708 EVERYTHING UP AND GOING, JUST 3131 01:59:42,708 --> 01:59:43,843 COST DRASTICALLY MORE, AND ALSO 3132 01:59:43,843 --> 01:59:48,281 WITH BUILDINGS, THERE'S A REAL 3133 01:59:48,281 --> 01:59:56,155 COST PRESSURE TO MOVE PEOPLE IN 3134 01:59:56,155 --> 01:59:59,992 QUICKLY IN ORDER TO EXECUTE AND 3135 01:59:59,992 --> 02:00:00,593 GET EQUITY. AT THE SAME TIME, 3136 02:00:00,593 --> 02:00:03,496 THE SUPPLY OF STUDIOS AND ONE 3137 02:00:03,496 --> 02:00:04,163 BEDROOMS, PROVIDERS CAME ONLINE 3138 02:00:04,163 --> 02:00:05,364 AND NEEDED TO LEASE UP WHEN 3139 02:00:05,364 --> 02:00:12,471 THERE'S NOT AS MUCH DEMAND FOR 3140 02:00:12,471 --> 02:00:14,307 THOSE UNITS, AND THEY MOVED 3141 02:00:14,307 --> 02:00:18,110 FOLKS IN QUICKLY AND MIGHT HAVE 3142 02:00:18,110 --> 02:00:19,145 CHANGED THEIR METRICS. THAT LED 3143 02:00:19,145 --> 02:00:21,080 TO NOT OPERATING IN THE SAME 3144 02:00:21,080 --> 02:00:23,516 WAYS OR FOR THE SAME POPULATIONS 3145 02:00:23,516 --> 02:00:25,518 THAT WERE ASSUMED AT ORIGINAL 3146 02:00:25,518 --> 02:00:28,921 UNDERWRITING. THOSE ARE A COUPLE 3147 02:00:28,921 --> 02:00:29,255 OF FACTORS. 3148 02:00:29,255 --> 02:00:30,823 >> THERE'S SOME BASIC HUMAN 3149 02:00:30,823 --> 02:00:34,794 THINGS, TOO. I WAS WORKING AT A 3150 02:00:34,794 --> 02:00:35,428 SUPPORTING HOUSING PROVIDER IN 3151 02:00:35,428 --> 02:00:37,029 2020, AND TO LEASE UP A NEW 3152 02:00:37,029 --> 02:00:39,532 BUILDING AT A TIME WHEN YOU 3153 02:00:39,532 --> 02:00:45,605 CAN'T GET TOGETHER IN COMMUNITY 3154 02:00:45,605 --> 02:00:47,640 AND SHARE FOOD AND BUILD THOSE 3155 02:00:47,640 --> 02:00:48,874 RELATIONS THAT HELP TO MAKE YOUR 3156 02:00:48,874 --> 02:00:51,510 HOME A HOME, IT SET YOU OFF ON A 3157 02:00:51,510 --> 02:00:53,212 VERY DIFFICULT PATH. SO MANY OF 3158 02:00:53,212 --> 02:00:54,847 THOSE BUILDINGS THAT OPENED IN 3159 02:00:54,847 --> 02:00:56,882 THAT PERIOD OF TIME, REALLY 3160 02:00:56,882 --> 02:00:59,852 STARTED OFF WITH A DIFFICULT 3161 02:00:59,852 --> 02:01:00,720 SITUATION. FOLKS REALLY 3162 02:01:00,720 --> 02:01:01,921 ISOLATED, SEPARATE FROM ONE 3163 02:01:01,921 --> 02:01:03,956 ANOTHER, AND JUST IN A KIND OF 3164 02:01:03,956 --> 02:01:05,191 ODD ENVIRONMENT, SO FOLKS ARE 3165 02:01:05,191 --> 02:01:07,059 REALLY CATCHING UP FROM THAT. WE 3166 02:01:07,059 --> 02:01:08,728 ARE HEARING A LOT THAT FOLKS ARE 3167 02:01:08,728 --> 02:01:14,400 SEEING A LIGHT AT THE END OF THE 3168 02:01:14,400 --> 02:01:14,967 TUNNEL, BUT THERE'S STILL 3169 02:01:14,967 --> 02:01:18,037 STRUCTURAL ISSUES THAT ARE NOT 3170 02:01:18,037 --> 02:01:21,007 GOING AWAY. AMI, INSURANCE, SOME 3171 02:01:21,007 --> 02:01:22,575 OF THE REALLY BIG -- PERSONNEL 3172 02:01:22,575 --> 02:01:23,776 AND MATERIAL COSTS AND IMPACTING 3173 02:01:23,776 --> 02:01:26,612 OPERATIONS, AND THEY WILL BE 3174 02:01:26,612 --> 02:01:28,814 HERE FOR AWHILE. 3175 02:01:28,814 --> 02:01:29,315 >> KELLI, I ESPECIALLY 3176 02:01:29,315 --> 02:01:30,149 APPRECIATE THAT LAST POINT, AND 3177 02:01:30,149 --> 02:01:31,817 I WONDER IF YOU CAN SPEAK MORE 3178 02:01:31,817 --> 02:01:33,219 WHEN YOU SAY SEEING A LIGHT AT 3179 02:01:33,219 --> 02:01:35,287 THE END OF THE TUNNEL AND THOSE 3180 02:01:35,287 --> 02:01:36,789 CHANGES. I THINK THIS GETS INTO 3181 02:01:36,789 --> 02:01:39,025 THE CRUX OF WHERE WE HAVE BEEN 3182 02:01:39,025 --> 02:01:40,526 OVER THE LAST SEVERAL YEARS. 3183 02:01:40,526 --> 02:01:42,128 I'M NEW TO COUNCIL, BUT I HAVE 3184 02:01:42,128 --> 02:01:44,330 BEEN TRACKING FOR AWHILE, AND I 3185 02:01:44,330 --> 02:01:45,531 THINK IT REFLECTS THE 3186 02:01:45,531 --> 02:01:47,633 CONVERSATIONS I HAVE HAD WITH 3187 02:01:47,633 --> 02:01:49,535 PROVIDERS, SEEING CHANGES, AND 3188 02:01:49,535 --> 02:01:51,370 ALSO SEEING CHANGES IN HUMAN 3189 02:01:51,370 --> 02:01:52,571 BEHAVIOR, BUT NOT THE STRUCTURAL 3190 02:01:52,571 --> 02:01:55,307 CHANGES, WHICH IS PART OF WHY IT 3191 02:01:55,307 --> 02:01:58,210 INDICATES THE ONGOING NEED FOR 3192 02:01:58,210 --> 02:01:58,844 OPERATIONAL RESOURCES. I WILL 3193 02:01:58,844 --> 02:02:01,681 GIVE YOU A CHANCE IF YOU WANT TO 3194 02:02:01,681 --> 02:02:02,515 SAY ANYTHING, AND THEN I WILL 3195 02:02:02,515 --> 02:02:05,751 ASK US TO FINISH OUT THE SLIDES. 3196 02:02:05,751 --> 02:02:10,890 >> THE MAJOR STRUCTURAL CHANGES 3197 02:02:10,890 --> 02:02:12,825 ARE THE INCREMENTAL EQUALITY AND 3198 02:02:12,825 --> 02:02:14,860 THE GROWTH CONTINUING ON THIS 3199 02:02:14,860 --> 02:02:16,262 PACE. IT'S VERY CHALLENGING FOR 3200 02:02:16,262 --> 02:02:17,697 FOLKS AT THE LOWER END OF THE 3201 02:02:17,697 --> 02:02:20,099 INCOME SCALE TO KEEP UP WITH THE 3202 02:02:20,099 --> 02:02:21,734 RENTS GROWING AT THIS RATE. THIS 3203 02:02:21,734 --> 02:02:22,568 IS SOMETHING WE ARE PAYING 3204 02:02:22,568 --> 02:02:24,637 ATTENTION TO AT THE OFFICE, BUT 3205 02:02:24,637 --> 02:02:26,439 IT'S A STRUCTURAL CHANGE THAT 3206 02:02:26,439 --> 02:02:27,840 WE THINK WILL KEEP GETTING 3207 02:02:27,840 --> 02:02:29,275 WORSE. INSURANCE IS A BIG DEAL. 3208 02:02:29,275 --> 02:02:30,943 WE HAVE BEEN ASKED TO LOOK AT 3209 02:02:30,943 --> 02:02:33,045 THIS. THE STATE HAS BEEN TALKING 3210 02:02:33,045 --> 02:02:35,214 ABOUT WAYS TO ADDRESS THE 3211 02:02:35,214 --> 02:02:35,848 INSURANCE NEEDS. IT'S NOT 3212 02:02:35,848 --> 02:02:37,283 TYPICALLY SOMETHING A 3213 02:02:37,283 --> 02:02:44,023 JURISDICTION TAKES ON. I SEE NEW 3214 02:02:44,023 --> 02:02:45,925 YORK CITY'S MAYOR IS 3215 02:02:45,925 --> 02:02:46,959 CONSIDERING INVESTMENTS FOR 3216 02:02:46,959 --> 02:02:47,560 INSURANCE PROVIDERS. IT'S 3217 02:02:47,560 --> 02:02:49,362 INTERESTING TO WATCH AND LEARN 3218 02:02:49,362 --> 02:02:51,097 FROM THEM WHAT COULD BE 3219 02:02:51,097 --> 02:02:52,965 POSSIBLE. WE HAVE A THIRD PARTY 3220 02:02:52,965 --> 02:02:54,200 MANAGEMENT PROPERTIES TRYING 3221 02:02:54,200 --> 02:02:55,568 THEIR BEST, AND IT'S VERY, VERY 3222 02:02:55,568 --> 02:02:57,670 DIFFICULT CONDITIONS OUT THERE 3223 02:02:57,670 --> 02:03:00,806 TO KEEP FOLKS STABLY HIRED AND 3224 02:03:00,806 --> 02:03:01,941 EMPLOYEED IN THOSE JOBS AND 3225 02:03:01,941 --> 02:03:03,843 CONSISTENT PRACTICES IN PLACE ON 3226 02:03:03,843 --> 02:03:05,311 THE GROUND. THERE'S A LOT OF 3227 02:03:05,311 --> 02:03:06,178 STRUCTURAL CHALLENGES WE ARE 3228 02:03:06,178 --> 02:03:07,880 FACING, AND WE ARE TRYING TO 3229 02:03:07,880 --> 02:03:10,216 ADDRESS THOSE AS WELL. WE DO 3230 02:03:10,216 --> 02:03:11,717 THINK THAT REQUIRES ONGOING 3231 02:03:11,717 --> 02:03:12,551 OPERATING SUPPORT IN ORDER TO 3232 02:03:12,551 --> 02:03:16,122 KEEP STABILITY FOR THE RESIDENTS 3233 02:03:16,122 --> 02:03:17,990 AND FOR THE ORGANIZATIONS FOR 3234 02:03:17,990 --> 02:03:18,190 NOW. 3235 02:03:18,190 --> 02:03:19,391 >> THANK YOU. OKAY. THOSE ARE MY 3236 02:03:19,391 --> 02:03:20,860 QUESTIONS. I'M GOING TO ASK US 3237 02:03:20,860 --> 02:03:22,495 TO GO THROUGH THE REMAINDER OF 3238 02:03:22,495 --> 02:03:28,534 THE PRESENTATION SO WE CAN SEE 3239 02:03:28,534 --> 02:03:38,811 THE DASHBOARD. 3240 02:03:42,882 --> 02:03:44,483 >> THANK YOU. 3241 02:03:44,483 --> 02:03:46,585 >> HI, I'M KATE ALLEN WITH THE 3242 02:03:46,585 --> 02:03:47,720 POLICY AND PLANNING TEAM. I WILL 3243 02:03:47,720 --> 02:03:49,955 BE SHIFTING GEARS TO TALK ABOUT 3244 02:03:49,955 --> 02:03:51,590 THE NEW DASHBOARD ON HOUSING 3245 02:03:51,590 --> 02:03:55,561 INVESTMENTS. SLIDE? 3246 02:03:55,561 --> 02:04:06,138 >> I'M SORRY. I'M SO SORRY. 3247 02:04:07,173 --> 02:04:10,576 OKAY, AS OF LAST QUARTER, THE 3248 02:04:10,576 --> 02:04:12,311 OFFICE OF HOUSING HAD $865 3249 02:04:12,311 --> 02:04:14,146 MILLION OF CAPITAL FUNDING 3250 02:04:14,146 --> 02:04:16,282 COMMITTED TO CONSTRUCTING AND 3251 02:04:16,282 --> 02:04:19,218 PRESERVING OVER 7200 AFFORDABLE 3252 02:04:19,218 --> 02:04:20,553 HOMES. TO INCREASE TRANSPARENCY 3253 02:04:20,553 --> 02:04:21,453 AND PROVIDE MORE FREQUENT 3254 02:04:21,453 --> 02:04:23,522 UPDATES ON THESE PROJECTS, WE 3255 02:04:23,522 --> 02:04:24,657 ARE RELEASING A DASHBOARD TO 3256 02:04:24,657 --> 02:04:26,759 REPORT OUT ON PROJECT MILESTONES 3257 02:04:26,759 --> 02:04:28,727 THIS DASHBOARD IS ALSO 3258 02:04:28,727 --> 02:04:32,264 RESPONSIVE TO A RECENT STATEMENT 3259 02:04:32,264 --> 02:04:33,232 OF LEGISLATIVE INTENT. FINANCING 3260 02:04:33,232 --> 02:04:35,234 FOR AFFORDABLE HOUSING IS 3261 02:04:35,234 --> 02:04:37,336 COMPLEX. DEVELOPING AFFORDABLE 3262 02:04:37,336 --> 02:04:38,971 HOUSING IS A MULTIYEAR PROCESS 3263 02:04:38,971 --> 02:04:41,273 FROM PROJECT FINANCING TO 3264 02:04:41,273 --> 02:04:43,676 BUILDING OPENING. O.H. STAFF 3265 02:04:43,676 --> 02:04:44,443 REGULARLY COMMUNICATE WITH 3266 02:04:44,443 --> 02:04:46,178 PARTNERS AND INVESTORS TO 3267 02:04:46,178 --> 02:04:47,379 ACHIEVE TIMELINES AND MAXIMIZE 3268 02:04:47,379 --> 02:04:49,014 LEVERAGE OF PUBLIC FUNDS. 3269 02:04:49,014 --> 02:04:50,316 BECAUSE THIS PROCESS TAKES TIME, 3270 02:04:50,316 --> 02:04:51,517 IT'S NOT ALWAYS EASY TO 3271 02:04:51,517 --> 02:04:56,789 UNDERSTAND THE PROGRESS THAT WE 3272 02:04:56,789 --> 02:04:58,924 ARE MAKING. O.H. PROVIDES 3273 02:04:58,924 --> 02:05:00,793 REGULAR REPORTING THROUGH BUDGET 3274 02:05:00,793 --> 02:05:02,328 DOCUMENTS, LEVY OVERSIGHT 3275 02:05:02,328 --> 02:05:03,362 MATERIALS, REQUIRED ANNUAL 3276 02:05:03,362 --> 02:05:05,231 REPORTS, RESPONSES TO CITY 3277 02:05:05,231 --> 02:05:07,199 COUNCIL REQUESTS, AND OTHER 3278 02:05:07,199 --> 02:05:09,134 PUBLIC REPORTING MECHANISMS. 3279 02:05:09,134 --> 02:05:10,769 WITH THIS NEW DASHBOARD, WE WILL 3280 02:05:10,769 --> 02:05:13,305 CONSOLIDATE THIS INFORMATION IN 3281 02:05:13,305 --> 02:05:15,374 A SINGLE AND ACCESSIBLE LOCATION 3282 02:05:15,374 --> 02:05:17,376 WITH MORE FREQUENT UPDATES. THE 3283 02:05:17,376 --> 02:05:19,979 HOUSING DOLLARS AND ACTION 3284 02:05:19,979 --> 02:05:22,715 DASHBOARD WILL BE ON O.H.'S 3285 02:05:22,715 --> 02:05:25,284 PUBLIC FACING WEBSITE. WE WILL 3286 02:05:25,284 --> 02:05:26,986 PROVIDE QUARTERLY UPDATES ON 3287 02:05:26,986 --> 02:05:27,887 RENTAL AND HOMEOWNERSHIP 3288 02:05:27,887 --> 02:05:29,922 PROJECTS WE HAVE COMMITTED FUNDS 3289 02:05:29,922 --> 02:05:32,491 TO. THESE PROJECTS INCLUDE NEW 3290 02:05:32,491 --> 02:05:35,261 CONSTRUCTION AND ACQUISITIONS 3291 02:05:35,261 --> 02:05:37,596 FROM RECENT NOFAs AND RFPs, THE 3292 02:05:37,596 --> 02:05:38,864 MAJORITY OF WHICH STARTED IN 3293 02:05:38,864 --> 02:05:42,635 2021 OR LATER AND FUNDS FOR 3294 02:05:42,635 --> 02:05:44,069 PRESERVATION TO ENSURE HOMES 3295 02:05:44,069 --> 02:05:48,607 REMAIN AFFORDABLE FOR MANY YEARS 3296 02:05:48,607 --> 02:05:51,410 TO COME. THE DASHBOARD REPORTS 3297 02:05:51,410 --> 02:05:53,145 OF THE AMOUNT OF FUNDING 3298 02:05:53,145 --> 02:05:54,346 COMMITTED TO THE PROJECTS. THIS 3299 02:05:54,346 --> 02:05:56,215 FUNDING COMES FROM THE HOUSING 3300 02:05:56,215 --> 02:05:59,985 LEVY, JUMP START P.E.T., MHA, 3301 02:05:59,985 --> 02:06:02,821 AND OTHER LOCAL AND FEDERAL FUND 3302 02:06:02,821 --> 02:06:04,256 SOURCES. WHEN A PROJECT REACHES 3303 02:06:04,256 --> 02:06:06,191 FINANCE CLOSE, THE PROJECT WILL 3304 02:06:06,191 --> 02:06:10,462 STAY ON THE DASHBOARD FOR A YEAR 3305 02:06:10,462 --> 02:06:11,730 BEFORE DROPPING OFF. THE 3306 02:06:11,730 --> 02:06:13,499 DASHBOARD REPORTS ON PROJECTS 3307 02:06:13,499 --> 02:06:17,069 SPECIFIC CAPITAL FUNDS, NOT 3308 02:06:17,069 --> 02:06:20,839 INCLUDING FUNDS AWARDED FOR 3309 02:06:20,839 --> 02:06:23,475 PORTFOLIO WIDE ASSISTANCE LIKE 3310 02:06:23,475 --> 02:06:25,277 PRESENTED EARLIER. THIS 3311 02:06:25,277 --> 02:06:27,046 DASHBOARD DOES NOT INCLUDE 3312 02:06:27,046 --> 02:06:28,647 APPROXIMATELY $60 MILLION OF 3313 02:06:28,647 --> 02:06:32,251 OPERATING FUNDS OR DATA ABOUT 3314 02:06:32,251 --> 02:06:34,753 LAND USE AND MARKET INCENTIVE 3315 02:06:34,753 --> 02:06:37,089 USE. THE DASHBOARD IS 3316 02:06:37,089 --> 02:06:39,625 INTERACTIVE. YOU CAN EXPLORE THE 3317 02:06:39,625 --> 02:06:42,494 PROJECTS BY NEIGHBORHOOD, 3318 02:06:42,494 --> 02:06:43,963 COUNCIL DISTRICT, DEVELOPMENT 3319 02:06:43,963 --> 02:06:46,031 STAGE, OR INVESTMENT TYPE. FOR 3320 02:06:46,031 --> 02:06:46,532 EXAMPLE, WE CAN USE THE 3321 02:06:46,532 --> 02:06:47,700 DASHBOARD TO SEE WHAT PROJECTS 3322 02:06:47,700 --> 02:06:49,768 ARE IN THE PIPELINE OR HAVE 3323 02:06:49,768 --> 02:06:52,171 RECENTLY OPENED IN A SPECIFIC 3324 02:06:52,171 --> 02:06:53,005 COUNCIL DISTRICT. USING THE 3325 02:06:53,005 --> 02:06:55,975 FILTERS ON THE LEFT-HAND SIDE OF 3326 02:06:55,975 --> 02:06:57,343 THE DASHBOARD, WE CAN SELECT 3327 02:06:57,343 --> 02:06:58,243 COUNCIL DISTRICT SIX. THE MAP 3328 02:06:58,243 --> 02:07:00,779 THAT IS IN THE CENTER OF THE 3329 02:07:00,779 --> 02:07:03,382 DASHBOARD ZOOMS IN TO RENTAL AND 3330 02:07:03,382 --> 02:07:05,150 HOMEOWNERSHIP PROJECTS WITH O.H. 3331 02:07:05,150 --> 02:07:06,285 INVESTMENTS. TO THE RIGHT, WE 3332 02:07:06,285 --> 02:07:09,922 CAN SEE THE TOTAL NUMBER OF 3333 02:07:09,922 --> 02:07:12,257 HOMES THAT ARE IN PROGRESS, 348 3334 02:07:12,257 --> 02:07:15,160 HERE. THE TOTAL AMOUNT OF O.H. 3335 02:07:15,160 --> 02:07:16,862 DOLLARS IN ACTION, OVER $46 3336 02:07:16,862 --> 02:07:18,564 MILLION, AND THE AMOUNT THAT 3337 02:07:18,564 --> 02:07:20,099 THESE PROJECTS HAVE DRAWN TO 3338 02:07:20,099 --> 02:07:23,435 DATE, AROUND $27 MILLION AS OF 3339 02:07:23,435 --> 02:07:24,770 THE REPORTING PERIOD. THE BAR 3340 02:07:24,770 --> 02:07:27,072 GRAPH IN THE MIDDLE OF THE 3341 02:07:27,072 --> 02:07:28,140 DASHBOARD SHOWS THE DEVELOPMENT 3342 02:07:28,140 --> 02:07:29,942 STAGES OF THESE PROJECTS. WE CAN 3343 02:07:29,942 --> 02:07:31,677 SEE THAT IN COUNCIL DISTRICT 3344 02:07:31,677 --> 02:07:34,380 SIX, THE MAJORITY OF PROJECTS 3345 02:07:34,380 --> 02:07:36,281 ARE IN THE RESET PHASE WITH NEW 3346 02:07:36,281 --> 02:07:37,883 RESIDENTS MOVING IN THE BOTTOM 3347 02:07:37,883 --> 02:07:40,319 OF THE DASHBOARD LISTS EACH 3348 02:07:40,319 --> 02:07:41,320 PROJECT AND KEY MILESTONES SUCH 3349 02:07:41,320 --> 02:07:45,391 AS THE DATE THE BUILDING OPENED. 3350 02:07:45,391 --> 02:07:46,658 FOR EXAMPLE, ST. LUKE'S 3351 02:07:46,658 --> 02:07:47,326 AFFORDABLE HOUSING DEVELOPED BY 3352 02:07:47,326 --> 02:07:49,361 BRIDGE HOUSING IS ONE OF THE 3353 02:07:49,361 --> 02:07:56,402 BUILDINGS LEASING UP IN COUNCIL 3354 02:07:56,402 --> 02:07:57,536 DISTRICT SIX. THIS NEWLY 3355 02:07:57,536 --> 02:07:59,204 CONSTRUCTED BUILDING OPENED LAST 3356 02:07:59,204 --> 02:08:04,176 YEAR WITH 84 AFFORDABLE HOMES 3357 02:08:04,176 --> 02:08:06,912 FOR RESIDENTS MAKING 50% TO 60% 3358 02:08:06,912 --> 02:08:09,715 OF AREA MEDIAN INCOME. WE 3359 02:08:09,715 --> 02:08:11,483 PROVIDED A $16 MILLION LOAN. AS 3360 02:08:11,483 --> 02:08:13,018 OF THE REPORTING PERIOD, THEY 3361 02:08:13,018 --> 02:08:15,688 HAD USED $11 MILLION OF THIS. 3362 02:08:15,688 --> 02:08:16,555 SOON THE PROJECT WILL REACH 3363 02:08:16,555 --> 02:08:17,956 FINANCE CLOSE WHEN THE LAST 3364 02:08:17,956 --> 02:08:19,291 PORTION OF OUR DEVELOPMENT LOAN 3365 02:08:19,291 --> 02:08:22,861 IS PAID OUT AND THE PROJECT WILL 3366 02:08:22,861 --> 02:08:24,396 TRANSITION TO A PERMANENT 3367 02:08:24,396 --> 02:08:27,566 MORTGAGE. WE CAN ALSO LOOK AT 3368 02:08:27,566 --> 02:08:30,736 PROJECTS BY PROGRAM. IF WE LOOK 3369 02:08:30,736 --> 02:08:32,304 AT HOMEOWNERSHIP PROJECTS IN 3370 02:08:32,304 --> 02:08:36,108 COUNCIL DISTRICT SIX, WE SEE 40 3371 02:08:36,108 --> 02:08:36,708 PERMANENTLY AFFORDABLE HOMES 3372 02:08:36,708 --> 02:08:39,378 RECENTLY COMPLETED OR IN 3373 02:08:39,378 --> 02:08:40,712 PROCESS. ONE OF THESE PROJECTS 3374 02:08:40,712 --> 02:08:45,884 IS EXPECTED TO OPEN IN MAY OF 3375 02:08:45,884 --> 02:08:48,220 THIS YEAR. THIS PROJECT WILL 3376 02:08:48,220 --> 02:08:51,757 HAVE 19 PERMANENTLY AFFORDABLE 3377 02:08:51,757 --> 02:08:54,593 HOMES FOR LOW-INCOME FAMILIES TO 3378 02:08:54,593 --> 02:08:55,494 PURCHASE. O.H. HAS ALMOST $3 3379 02:08:55,494 --> 02:08:56,995 MILLION FOR THESE HOMES. AS YOU 3380 02:08:56,995 --> 02:08:58,297 CAN SEE FROM THE PHOTO, THE 3381 02:08:58,297 --> 02:09:00,766 PROJECT IS VERY CLOSE TO OPENING 3382 02:09:00,766 --> 02:09:02,734 AND HAS DRAWN OVER 98% OF THEIR 3383 02:09:02,734 --> 02:09:04,369 FUNDING AS OF LAST QUARTER. WE 3384 02:09:04,369 --> 02:09:05,971 ARE EXCITED TO WELCOME NEW 3385 02:09:05,971 --> 02:09:12,111 FAMILIES TO THEIR HOMES LATER 3386 02:09:12,111 --> 02:09:12,945 THIS SPRING. ANOTHER WAY TO LOOK 3387 02:09:12,945 --> 02:09:14,513 AT THESE PROJECTS IS BY 3388 02:09:14,513 --> 02:09:16,148 NEIGHBORHOOD. IF WE SELECT THE 3389 02:09:16,148 --> 02:09:17,916 DOWNTOWN NEIGHBORHOOD, WE SEE 3390 02:09:17,916 --> 02:09:21,253 THERE ARE OVER 2,000 AFFORDABLE 3391 02:09:21,253 --> 02:09:23,589 HOMES IN PROCESS WITH MORE THAN 3392 02:09:23,589 --> 02:09:26,291 $176 MILLION IN O.H. 3393 02:09:26,291 --> 02:09:27,092 COMMITMENTS. ONE OF THESE 3394 02:09:27,092 --> 02:09:30,028 PROJECTS, THE SWEET GRASS FLATS 3395 02:09:30,028 --> 02:09:31,163 A BUILDING PROVIDING $19.7 3396 02:09:31,163 --> 02:09:34,066 MILLION TO CHIEF SEATTLE CLUB TO 3397 02:09:34,066 --> 02:09:36,068 ACQUIRE. THIS BUILDING OPENED IN 3398 02:09:36,068 --> 02:09:38,904 JANUARY OF 2025 AND HAS 84 UNITS 3399 02:09:38,904 --> 02:09:40,439 OF PERMANENT SUPPORTIVE HOUSING 3400 02:09:40,439 --> 02:09:45,144 FOR NATIVE PEOPLES WHO ARE 3401 02:09:45,144 --> 02:09:47,379 EXITING HOMELESSNESS. LAST YEAR 3402 02:09:47,379 --> 02:09:49,381 THE OFFICE OF HOUSING AWARDED 3403 02:09:49,381 --> 02:09:51,850 $33 MILLION TO HOUSING OPERATORS 3404 02:09:51,850 --> 02:09:53,385 TO PRESERVE EXISTING AFFORDABLE 3405 02:09:53,385 --> 02:09:55,854 RENTAL HOMES AND ENSURE THEY 3406 02:09:55,854 --> 02:09:56,955 REMAIN HEALTHY AND STABLE 3407 02:09:56,955 --> 02:09:58,991 HOUSING FOR CURRENT AND FUTURE 3408 02:09:58,991 --> 02:10:00,092 TENANTS. IF WE USE THE 3409 02:10:00,092 --> 02:10:01,627 INVESTMENT TYPE OF FILTER TO 3410 02:10:01,627 --> 02:10:04,329 LOOK AT WHERE O.H. HAS 3411 02:10:04,329 --> 02:10:05,464 PRESERVATION FUNDS COMMITTED, WE 3412 02:10:05,464 --> 02:10:11,203 SEE AS OF THE REPORTING PERIOD, 3413 02:10:11,203 --> 02:10:12,237 O.H. HAD $30 MILLION INVESTED TO 3414 02:10:12,237 --> 02:10:13,939 PRESERVE HOMES IN THE DOWNTOWN 3415 02:10:13,939 --> 02:10:15,374 NEIGHBORHOOD. ONE OF THESE 3416 02:10:15,374 --> 02:10:18,610 PROJECTS IS THE MORRISON HOTEL 3417 02:10:18,610 --> 02:10:21,713 OPERATED BY DESC. O.H. HAS 3418 02:10:21,713 --> 02:10:23,549 COMMITTED $18.9 MILLION TO 3419 02:10:23,549 --> 02:10:25,384 PRESERVE THESE 190 UNITS OF 3420 02:10:25,384 --> 02:10:26,385 PERMANENT SUPPORTIVE HOUSING TO 3421 02:10:26,385 --> 02:10:29,488 EXTEND THE LIFE OF THESE HOMES 3422 02:10:29,488 --> 02:10:31,657 FOR OUR RESIDENTS. PRESERVATION 3423 02:10:31,657 --> 02:10:35,060 WORK WILL INCLUDE UPGRADING THE 3424 02:10:35,060 --> 02:10:38,030 PLUMBING FOR ALL UNITS, 3425 02:10:38,030 --> 02:10:39,665 REPLACING OUTDATED SINGLE PANE 3426 02:10:39,665 --> 02:10:41,233 GLASS WINDOWS AND TRANSITIONING 3427 02:10:41,233 --> 02:10:43,702 HEATING AND COOLING FOR LOWER 3428 02:10:43,702 --> 02:10:45,204 EMISSIONS AND IMPROVED 3429 02:10:45,204 --> 02:10:46,171 EFFICIENCY. WE ARE WORKING 3430 02:10:46,171 --> 02:10:47,472 CLOSELY WITH OUR CITY PARTNERS 3431 02:10:47,472 --> 02:10:51,476 TO MAKE SURE THE DASHBOARD MEETS 3432 02:10:51,476 --> 02:10:52,344 THE NEWEST DIGITAL ACCESSIBILITY 3433 02:10:52,344 --> 02:10:53,579 REQUIREMENTS AND PLAN TO PUBLISH 3434 02:10:53,579 --> 02:10:54,913 THE DASHBOARD ON THE O.H. 3435 02:10:54,913 --> 02:10:57,082 WEBSITE BY THE END OF APRIL. AT 3436 02:10:57,082 --> 02:10:59,017 THAT TIME IT WILL INCLUDE 3437 02:10:59,017 --> 02:11:02,321 UPDATED DATA FOR QUARTER ONE OF 3438 02:11:02,321 --> 02:11:05,257 2026. GOING FORWARD WE WILL MAKE 3439 02:11:05,257 --> 02:11:06,291 UPDATES TO THE DASHBOARD 3440 02:11:06,291 --> 02:11:07,292 QUARTERLY APPROXIMATELY ONE 3441 02:11:07,292 --> 02:11:09,561 MONTH AFTER THE QUARTER ENDS. 3442 02:11:09,561 --> 02:11:11,096 AGAIN, THIS DASHBOARD ONLY SHOWS 3443 02:11:11,096 --> 02:11:13,498 PROJECTS THAT ARE IN PROGRESS OR 3444 02:11:13,498 --> 02:11:14,867 RECENTLY COMPLETED. IT DOES NOT 3445 02:11:14,867 --> 02:11:17,836 SHOW ALL OF THE AFFORDABLE HOMES 3446 02:11:17,836 --> 02:11:19,171 OUR OFFICE FUNDS OR ADMINISTERS. 3447 02:11:19,171 --> 02:11:22,140 WE ARE WORKING ON BUILDING MORE 3448 02:11:22,140 --> 02:11:23,242 PUBLIC FACING MAPS AND 3449 02:11:23,242 --> 02:11:24,943 DASHBOARDS TO SHOW ALL OF THESE 3450 02:11:24,943 --> 02:11:26,645 HOMES. WE WILL BE EXCITED TO 3451 02:11:26,645 --> 02:11:27,613 SHARE MORE INFORMATION WHEN 3452 02:11:27,613 --> 02:11:28,380 THOSE ARE AVAILABLE. THANK YOU 3453 02:11:28,380 --> 02:11:30,349 FOR YOUR TIME. WE ARE HAPPY TO 3454 02:11:30,349 --> 02:11:32,284 ANSWER QUESTIONS. 3455 02:11:32,284 --> 02:11:34,353 >> THANK YOU SO MUCH. AS ALWAYS, 3456 02:11:34,353 --> 02:11:36,188 I WILL TURN TO MY COLLEAGUES ON 3457 02:11:36,188 --> 02:11:37,256 THE COMMITTEE FIRST TO SEE IF 3458 02:11:37,256 --> 02:11:38,790 YOU HAVE ANY QUESTIONS FOR THE 3459 02:11:38,790 --> 02:11:45,831 OFFICE OF HOUSING. OKAY, I'M 3460 02:11:45,831 --> 02:11:48,033 NOT SEEING ANY QUESTIONS. I 3461 02:11:48,033 --> 02:11:48,634 APPRECIATE THIS DASHBOARD. I 3462 02:11:48,634 --> 02:11:50,168 THINK IT'S GOING TO BE A REALLY 3463 02:11:50,168 --> 02:11:52,371 IMPORTANT PART OF ENSURING THAT 3464 02:11:52,371 --> 02:11:53,238 WE HAVE TRANSPARENCY. I THINK 3465 02:11:53,238 --> 02:11:55,040 IT'S ALSO HOPEFULLY GOING TO 3466 02:11:55,040 --> 02:11:56,441 HELP EXPLAIN FOR THE PUBLIC SOME 3467 02:11:56,441 --> 02:11:58,644 OF WHAT WE TALKED ABOUT TODAY IN 3468 02:11:58,644 --> 02:12:00,212 TERMS OF WHY SOMETIMES IT TAKES 3469 02:12:00,212 --> 02:12:01,647 A PERIOD OF TIME FOR THOSE 3470 02:12:01,647 --> 02:12:03,782 DOLLARS TO GO FROM COMMITTED TO 3471 02:12:03,782 --> 02:12:06,018 BEING FULLY OUT THE DOOR ONCE 3472 02:12:06,018 --> 02:12:07,586 THE BUILDING IS LEASED UP, GIVEN 3473 02:12:07,586 --> 02:12:09,187 THAT TIMELINE IT TAKES AFTER WE 3474 02:12:09,187 --> 02:12:11,056 HAVE MADE A COMMITMENT FOR OUR 3475 02:12:11,056 --> 02:12:12,758 PARTNERS TO GET COMMITMENTS FROM 3476 02:12:12,758 --> 02:12:14,593 OTHER FUNDING INVESTORS AND 3477 02:12:14,593 --> 02:12:16,328 OTHER HOUSING TAX CREDITS. I 3478 02:12:16,328 --> 02:12:17,529 WILL JUST SAY I, MYSELF, 3479 02:12:17,529 --> 02:12:20,032 APPRECIATE THE ABILITY TO SEE 3480 02:12:20,032 --> 02:12:21,633 THE PHASES OF RESOURCES IN THIS 3481 02:12:21,633 --> 02:12:23,602 DASHBOARD, AS WELL AS THE 3482 02:12:23,602 --> 02:12:25,003 ABILITY TO SEE WHERE PROJECTS 3483 02:12:25,003 --> 02:12:26,405 ARE BY NEIGHBORHOOD, AND I THINK 3484 02:12:26,405 --> 02:12:27,472 THAT'S A REALLY EXCITING WAY 3485 02:12:27,472 --> 02:12:30,542 FOR US TO MAKE SURE THAT WE ARE 3486 02:12:30,542 --> 02:12:33,045 ALSO TRACKING OUR OWN 3487 02:12:33,045 --> 02:12:34,613 ACCOUNTABILITY ON ENSURING WE 3488 02:12:34,613 --> 02:12:35,247 HAVE INVESTMENTS IN AFFORDABLE 3489 02:12:35,247 --> 02:12:36,848 HOUSING ACROSS THE CITY. WE KNOW 3490 02:12:36,848 --> 02:12:38,583 THAT IS REALLY IMPORTANT TO 3491 02:12:38,583 --> 02:12:40,786 BUILDING A THRIVING CITY AND 3492 02:12:40,786 --> 02:12:42,988 LIVABLE CITY, HAVING THOSE MIXED 3493 02:12:42,988 --> 02:12:43,889 INCOME COMMUNITIES AND 3494 02:12:43,889 --> 02:12:45,057 NEIGHBORHOODS. THOSE ARE TWO 3495 02:12:45,057 --> 02:12:46,458 THINGS I'M EXCITED TO SEE FROM 3496 02:12:46,458 --> 02:12:52,497 THIS TOOL. I DO SEE A QUESTION 3497 02:12:52,497 --> 02:12:53,065 FROM COUNCILMEMBER RINCK. 3498 02:12:53,065 --> 02:12:55,500 >> THANK YOU, CHAIR. VERY 3499 02:12:55,500 --> 02:12:58,236 EXCITED ABOUT THE DASHBOARD AS A 3500 02:12:58,236 --> 02:13:01,039 TOOL TO VISUALIZE AND SEE THE 3501 02:13:01,039 --> 02:13:02,307 PROJECTS. IT'S TREMENDOUSLY 3502 02:13:02,307 --> 02:13:03,075 HELPFUL. IN LOOKING THROUGH, I 3503 02:13:03,075 --> 02:13:06,845 DID NOTICE THERE'S A LOT OF 3504 02:13:06,845 --> 02:13:08,447 PROJECTS THAT ARE IN MOTION, BUT 3505 02:13:08,447 --> 02:13:11,383 THERE ARE SOME NEIGHBORHOODS WHO 3506 02:13:11,383 --> 02:13:13,785 HAVE NO PROJECTS, THINKING 3507 02:13:13,785 --> 02:13:14,653 SPECIFICALLY ABOUT MAGNOLIA, 3508 02:13:14,653 --> 02:13:16,421 SOUTHLAKE, EAST LAKE, AND MUCH 3509 02:13:16,421 --> 02:13:17,322 OF NORTHEAST SEATTLE, SO I'M 3510 02:13:17,322 --> 02:13:19,458 WONDERING IF YOU CAN SPEAK TO 3511 02:13:19,458 --> 02:13:20,892 SOME OF THE GEOGRAPHIC GAPS ON 3512 02:13:20,892 --> 02:13:27,666 THE MAP AND HOW WE CAN GET 3513 02:13:27,666 --> 02:13:30,369 PROJECTS MOVING IN EVERY 3514 02:13:30,369 --> 02:13:30,702 NEIGHBORHOOD. 3515 02:13:30,702 --> 02:13:35,307 >> THANK YOU FOR YOUR QUESTION. 3516 02:13:35,307 --> 02:13:39,811 MANY OF OUR PROJECTS ARE 3517 02:13:39,811 --> 02:13:42,748 RESPONSIVE TO APPLICATIONS THAT 3518 02:13:42,748 --> 02:13:45,016 WE RECEIVE. SO A DEVELOPER FINDS 3519 02:13:45,016 --> 02:13:46,251 A PROPERTY, THEY GO THROUGH A 3520 02:13:46,251 --> 02:13:50,522 LITTLE BIT OF DUE DILIGENCE AND 3521 02:13:50,522 --> 02:13:55,594 SAY, OKAY, I WANT TO DEVELOP 3522 02:13:55,594 --> 02:13:57,996 THIS, AND THEN THEY PUT TOGETHER 3523 02:13:57,996 --> 02:13:58,797 AN APPLICATION FOR FUNDING TO 3524 02:13:58,797 --> 02:14:02,033 THE OFFICE OF HOUSING. THAT'S 3525 02:14:02,033 --> 02:14:06,071 THE APPLICATION WE REVIEW. WE 3526 02:14:06,071 --> 02:14:07,773 ARE CONSTRAINED BY THE 3527 02:14:07,773 --> 02:14:11,309 APPLICATIONS WE GET, AND MANY OF 3528 02:14:11,309 --> 02:14:12,310 THE APPLICATIONS YOU WILL SEE 3529 02:14:12,310 --> 02:14:16,782 ARE -- IT KIND OF FALLS RIGHT 3530 02:14:16,782 --> 02:14:21,086 ALONG WHERE ZONING ALLOWS FOR 3531 02:14:21,086 --> 02:14:23,455 DENSER OR DENSITY. AND SO JUST 3532 02:14:23,455 --> 02:14:25,390 TO ANSWER YOUR QUESTION, YOU CAN 3533 02:14:25,390 --> 02:14:28,427 PROBABLY LOOK AT THE COMP PLAN 3534 02:14:28,427 --> 02:14:31,863 AND SEE THE ZONING AND SEE WHERE 3535 02:14:31,863 --> 02:14:34,733 MANY OF OUR PROJECTS ARE, AND IT 3536 02:14:34,733 --> 02:14:36,768 KIND OF ALIGNS WHERE IT'S 3537 02:14:36,768 --> 02:14:37,069 ALLOWABLE. 3538 02:14:37,069 --> 02:14:39,337 >> THE OTHER PIECE IS ABOUT 3539 02:14:39,337 --> 02:14:39,971 AFFORDABILITY. WE TYPICALLY TRY 3540 02:14:39,971 --> 02:14:41,840 TO GET AS MUCH AS WE CAN WITH 3541 02:14:41,840 --> 02:14:44,643 EVERY DOLLAR WE HAVE. 3542 02:14:44,643 --> 02:14:45,644 APPLICATIONS ARE COMPETITIVE 3543 02:14:45,644 --> 02:14:47,412 WHEN THEY CAN BRING FORWARD MORE 3544 02:14:47,412 --> 02:14:48,780 PROJECTS FOR FEWER FUNDS. LAND 3545 02:14:48,780 --> 02:14:50,382 IN THOSE PARTS OF THE CITY THAT 3546 02:14:50,382 --> 02:14:52,150 YOU CALLED OUT IS MORE 3547 02:14:52,150 --> 02:14:54,286 EXPENSIVE. THIS IS PART OF WHY 3548 02:14:54,286 --> 02:14:56,521 WE ARE EXCITED ABOUT MORE 3549 02:14:56,521 --> 02:14:58,323 PROACTIVE INVESTMENTS AT THE 3550 02:14:58,323 --> 02:14:59,491 OFFICE IN SITE-BASED 3551 02:14:59,491 --> 02:15:00,725 DEVELOPMENT, THAT'S THE 3552 02:15:00,725 --> 02:15:01,893 EXCITING THING ABOUT FORT 3553 02:15:01,893 --> 02:15:04,396 LAWTON. IT'S PART OF THE CITY 3554 02:15:04,396 --> 02:15:05,764 WHERE WE HAVE NOTHING. WE HAVE 3555 02:15:05,764 --> 02:15:07,165 SOME OTHER -- SOUTH PARK IS ALSO 3556 02:15:07,165 --> 02:15:09,768 KIND OF IN AN AREA WE DON'T 3557 02:15:09,768 --> 02:15:10,735 HAVE VERY MANY INVESTMENTS, BUT 3558 02:15:10,735 --> 02:15:12,137 WE WOULD LIKE TO SEE MORE, SO 3559 02:15:12,137 --> 02:15:13,638 IT'S A GREAT QUESTION. THANK 3560 02:15:13,638 --> 02:15:13,839 YOU. 3561 02:15:13,839 --> 02:15:15,640 >> THANK YOU. JUST WANTED TO, 3562 02:15:15,640 --> 02:15:17,142 YOU KNOW, TIE THE THREAD 3563 02:15:17,142 --> 02:15:18,410 TOGETHER BETWEEN OUR COMP PLAN 3564 02:15:18,410 --> 02:15:23,215 WORK AND THE IMPORTANT WORK 3565 02:15:23,215 --> 02:15:25,417 HAPPENING AT O.H. THANK YOU ALL, 3566 02:15:25,417 --> 02:15:26,485 THANK YOU, CHAIR. 3567 02:15:26,485 --> 02:15:29,554 >> COLLEAGUES, ANY FURTHER 3568 02:15:29,554 --> 02:15:30,155 QUESTIONS? OKAY. SEEING NONE, 3569 02:15:30,155 --> 02:15:32,591 THANK YOU SO MUCH, O.H. THIS 3570 02:15:32,591 --> 02:15:34,059 CONCLUDES THE BUSINESS COMING 3571 02:15:34,059 --> 02:15:36,027 BEFORE THE COMMITTEE TODAY. WITH 3572 02:15:36,027 --> 02:15:39,831 THAT, WE ARE CONCLUDING THE 3573 02:15:39,831 --> 02:15:42,968 APRIL 22,2026 MEETING OF 3574 02:15:42,968 --> 02:15:44,870 HOUSING, ARTS, S, AND CIVIL 3575 02:15:44,870 --> 02:15:46,304 RIGHTS COMMITTEE. OUR NEXT 3576 02:15:46,304 --> 02:15:49,007 MEETING IS MAY 13th. THANK YOU 3577 02:15:49,007 --> 02:15:51,143 FOR ATTENDING. IT IS 4:16