Nov 09, 2023 Town of Bluffton Affordable Housing Committee

[I. CALL TO ORDER ]

[00:00:09]

IN ORDER I'LL BE ALL RIGHT GOOD MORNING RIGHT NOW IF THEY REALLY HERE THAT WOULD REALLY PAIR GREAT STAPLES HERE WHEN CHAMBERS YOU ALL THIS POLITE AND MEG JAMES IS FOR YOU HAPPY

[III. ADOPTION OF THE AGENDA ]

[IV. ADOPTION OF MINUTES ]

[VI.1. FY24 Neighborhood Assistance Program Budget Update ]

SO THE BUDGET FOR FISCAL YEAR 2024 NEIGHBORHOOD ASSISTANCE BUDGET WAS A PRETTY $290,000 TO DATE 13 HOMES HAVE BEEN SERVICES FOR REPAIRS SUCH AS ROOFING AND INTERIOR REPAIRS TOTALING 147,003 1652 SIX HOMES HAVE BEEN SERVICE WAS SET ABOUT TOTALING 2401 HOME FOR TREE SERVICES TOTALING 5500 AS OF NOVEMBER 21ST AS OF NOVEMBER 2ND 2020 321 HOMES HAVE BEEN SERVICED IN THE NEIGHBORHOOD ASSISTANCE PROGRAM. EIGHT HOMES ARE WAITING ON ESTIMATES AND. I'LL LEAVE THAT ONE HOUR BELOW IF ANYONE HAS ANY QUESTIONS NO QUESTIONS I WILL RISE TO THE EXCEL SHEET. I DO WANT TO MAKE AN ANNOUNCEMENT FOR THE RECORD THE NOTICE TONIGHT IS GOOD MORNING SO THIS IS BREAKDOWN AGAIN OF OUR NUMBERS AS YOU CAN SEE FROM ITEM FOR OUR DIFFERENT SERVICES THAT WE PROVIDE AS OUR HOME REPAIR IS OUR TOP NUMBER AND THEN OFFSET IT WITH THE CITY PUMP OUT.

SO THIS IS WHERE WE I HAVEN'T BEEN DOING ANY WORK BUT I AM AS THE MINIMUM STATED FOR SEVERAL ESTIMATES TO COME THROUGH AND THAT WILL CARRY US THROUGH. I'M GOING TO DATE MAY MAYBE DECEMBER JANUARY SO WE'LL WORK ON SIX HOMES AND THEN ONCE WE COME BACK IN MARCH WE CAN REGROUP WITH WHAT OUR NUMBERS ARE AND THEN DO A LITTLE BIT OF CALCULATING FOR THE REMAINING OF THE HOME REPAIRS WE ARE SITTING AT 92,000 683 SO WITH THE SIX HOMES I KIND OF DIVIDED THAT BY 92 SO IF THEY ALL FALL UNDER 15,000 WE SHOULD BE GOOD TO GO WITH THOSE SIX HOMES WITH THE REMAINING THERE. SO THAT IS OUR BREAKDOWN AND THAT ANY QUESTIONS NO QUESTIONS COULD BE A GOOD THING OR BAD THING SO REALLY FAITH IT'S A

[VI. 2. 2024 Meeting Dates ]

SO I JUST WANTED TO BRING THIS TO YOU A LITTLE EARLY SO YOU CAN LOOK AT THOSE DATES, GET ON YOUR CALENDAR WE CAN VOTE ON IT NOW I TO BRING IT BACK TO YOU IN DECEMBER AND I WANT TO REPHRASE I WE DON'T HAVE TO VOTE ON OUR DATES. YES WE DO.

OKAY SO OTHER TIMES WE CAN VOTE ON IT NOW I CAN BRING IT BACK TO DECEMBER ONCE WE HAVE WELL YOU DO HAVE ONE MORE JOINING US SO I'LL WAIT FOR ME TO COME UP. SO JUST FOR THE RECORD THAT JAMES IS THE BEST SO IT'S UP TO YOU TO MAKE YOU WANT TO VOTE IT NOW I WANT TO BRING YOU BACK CHECKING ACCOUNT WE DO IT DECEMBER 5TH TUESDAY ON TUESDAYS AND THURSDAYS OH DECEMBER TO CHECK ON THAT WHICH IS 20 OR 2420 24 FOR DECEMBER YES IT WILL BE A THURSDAY IT'S SO MANY DAYS AND DECEMBER IS SCHEDULED IT IS THE SAME BUT NEXT MONTH YEAH NEXT MONTH IS

[00:05:02]

ALL RIGHT. THANK YOU ALL SO I'M GOING TO MOVE US BACK UP TO OUR AGENDA AND AS YOU CAN SEE, WE HAVE A COUPLE OF VISITORS IN THE BUILDING.

[VII.1. 1095 May River Road Update ]

SO I'M GOING TO OUR GROUP ONE BY ONE COME UP PLEASE STATE YOUR NAME FOR THE RECORD AND GIVE US SOME GOOD NEWS . WE MORNING THAN ON NATHAN STORY ON THE CIVIL ENGINEER ON THE PROJECT WE ARE ACTIVELY WORKING WITH YOU COULD ASK FOR AND STATE TO GET THROUGH THE OUTSIDE PERMITTING AGENCIES A PLAN TO SUBMIT TO UNEMPLOYMENT A WATERSHED ON FRIDAY SO THEY CAN BEGIN THEIR REVIEW. WE'RE ACTIVELY MOVING AND AS SOON AS WE GET SOME OF THOSE OUTSIDE PERMITS WILL BE READY TO SUBMIT VERY, VERY WELL THAT WE THINK RIGHT NOW WE ARE WAITING ON OCR AND WHICH HAS BEEN KIND OF NOTABLY LONGER REVIEWS RIGHT NOW SO I WOULD ESTIMATE PROBABLY SIX MONTHS BEFORE WE GET THERE APPROVAL REALISTICALLY I KNOW IT'S UNFORTUNATE BUT WE REALLY HAVE CONTROL OVER THE OUTSIDE AGENCIES WHICH IS OCR AND THE OFFICE OF COASTAL RESOURCE MANAGEMENT THEY LOOK AT KIND OF HISTORIC AND CRITICAL AREAS THAT KIND OF STUFF. THEY CERTIFY THE CRITICAL AREA AND THEY HAVE TO REVIEW EVERY PROJECT THEY HAVE TO APPROVE OR APPROVE AND HE HAS TO APPROVE BEFORE SIDOTI AND BLUFFTON WILL AT LEAST THEIR PREFERENCE SO THE STATE AGENCY THAT THE STATE AGENCY ARE WHEN WAS THAT SUBMITTED? I WOULD HAVE TO LOOK AT THAT BUT I THINK WE DID THROUGH THE PUBLIC NOTICE PERIOD ALREADY AND SO THEY'RE JUST SITTING FOR THE DESKTOP REVIEW I BELIEVE I SUBMITTED IT TWO MONTHS AGO ONE OR TWO MONTHS AGO SO IT WAS WEIRD THIS WEEK WE'RE IN A WAITING GAME SO YOU THINK IT IS IN THE PROCESS VERSUS THE SIX MONTH PROCESS NOW? IT'S HARD TO SAY. I MEAN I HAVE HEARD OUT THERE THAT THEY ARE REVIEWING SINCE JANUARY THAT THEY'RE JUST NOW GETTING TO ASKING ME FOR ALL OF THE QUESTIONS.

SO IT'S A LITTLE FRUSTRATING BUT OUR HANDS ARE A LITTLE BIT TIRED.

I UNDERSTAND THE TRIBE BREAK UP DO YOU BACK A LITTLE BIT WHICH IS ALSO KIND OF SLOWING THINGS DOWN. I DON'T KNOW ALL THE DETAILS ON THAT BUT THE OCR INSTALLS EVERYTHING EVERY PROJECT. SO I WISH I WISH I HAD BETTER NEWS YOU BUT WE'RE REALLY JUST WAITING AND UP TO WHAT YOU NEED TO DO IS YOU HAVE TO DO SOMETHING IMPORTANT IMPORTANT YOU GUYS HAVE AN IMPORTANT YOU KNOW YOU HAVE OUR OPINION SO IN SIX MONTHS IF YOU GET THE OCR IN APPROVAL THEN WHAT'S THE NEXT STEP? THE NEXT STEP WILL BE TO TO THE TOWN OF BLUFFTON FOR FINAL PERMITS AND THEN AMANDA PIERCE WILL BE ABLE TO REALLY DOVE IN WITH ARCHITECTURE AND GET TO THAT PROCESS. I ALWAYS ASK SAME QUESTION WHEN DO WE EXPECT DELIVERY OF SOME HOMES? YEAH THE IMPORTANT PEOPLE ARE COMING IN PIERCE PIERCE HAS GOTTEN SO MATT LAUER WAS GOING TO BE HERE TODAY THE CONTRACTOR HE'S UNFORTUNATELY NOT DOING WELL AND HE JUST WANTED ME TO CONVEY A COUPLE OF THINGS TIMELINE LIKE NATHAN WAS SAYING IT'S LIKE AT LEAST A SIX MONTH PROCESS PROBABLY GET APPROVALS AND THEN MATT SAID AFTER WE GET ALL THE APPROVALS THEN IT WOULD TAKE ABOUT SIX MONTHS FOR SITE WORK TO HAPPEN AND THEN WE GET VERTICAL. SO BETWEEN NOW AND A YEAR WE'LL GET ALL THE ARCHITECTURE AND STRUCTURAL DONE SO THAT WHEN THE HORIZONTAL YOU KNOW SITE THEN WE HIT THE GROUND RUNNING AND HE THINKS THAT THE BUILD TIME WOULD BE SIX MONTHS SO IT SEEMS LIKE A LONG TIME BUT THERE'S NOTHING WE CAN DO WITH OUTSIDE AGENCIES IN THEIR TIME

[00:10:02]

LET'S GO AHEAD AND GET IT STARTED AND WHO DO I NEED TO TALK TO YOU ABOUT MAYBE ACCELERATING THAT UPSTREAM SO GET IT STARTED THIS IS WHEN I MEAN NATHAN I MEAN HE'S BEEN WORKING HARD ON THIS AND HE CAN GIVE YOU BETTER ON TIMELINES BUT IT'S JUST ALL OF STILL ORDERS ALREADY PRETTY IMPORTANT TERMS THEY'RE WAITING FOR A WHICH I'M DOING FRIDAY BUT THEY'RE THEY'VE KIND OF REVIEWED AND THEY'RE GOOD WITH OUR PLAN THEY ASK FOR A FEW TWEAKS IT'S NOT MUCH I WOULD SAY IF YOU GUYS COULD GET ROLL IN ON LIKE THE PRELIMINARY STUFF GET YOUR SURVEYING DONE AND GET YOUR GEOTECH WORK DONE ONCE ONCE WE GET THAT ROLE AND IT REALLY SET US UP TO HAVE THE BEST SHOT AT GETTING INTO OCR CRM IT'S AND THEN WE'LL JUST GET A PLAN INTO THEM AS WE WORK THROUGH ALL THE OTHER AGENCIES AND REALLY GET THEM FIRST ON THIS GO AROUND SO THIS IS US THIS IS A AN AFFORDABLE HOUSING PROJECT, A TOWN OF LUFKIN PROJECT OR IS IT WITH ALL DEVELOPMENT EVERYWHERE IT'S EVERYWHERE LIKE OCR LITERALLY HAS I THINK 1.1 PERSON THAT'S REVIEWING PLANS FOR ALL COASTAL COUNTIES AND THEY HAVE OVER 200 PROJECTS SITTING ON THEIR DESK AND IT JUST KEEPS GETTING STACKED ON SO SO THOSE AT THE STATE LEVEL THAT WE KNOW PERSONALLY THAT HAVE SOME FORM OR ARE THEY NOT AWARE OF THIS? THEY THEY ARE THEY'RE OF IT. I JUST WANT TO ON A WIDER LEVEL NOW THAT THIS ONE IS MOVING FORWARD, OUR GOAL LIST AT ONCE IT'S SUBMITTED THEN WE CAN TALK TO STATE REPRESENTATIVES, ASK THEM TO ASSIST WHERE THEY CAN. IT SOUNDS LIKE STARTING ISSUE OBVIOUSLY IT IS THEY NEED TO FIND THE FUNDING TO SOLVE THAT PROBLEM. YEAH IF THEY WANT TO SUBMIT OCR IN SUBMITTED ONCE WE SUBMIT IT TO OCR AND THEN BECAUSE THEN IT'S THEN IT'S A PROJECT IT'S IN THEIR LAP AND THEN WE CAN WORK TO TRY TO GET IT ELEVATED .

WHEN DID YOU SAY WE WERE SUBMITTING AS I'M WRITING WE GOT A SIX MONTH OCR YOU WAIT APPROVE IT TAKES THEM ABOUT SIX MONTHS AND THEN SIX MONTHS FOR SITE WORK AND THEN SIX MONTHS WE'LL WORK THAT 18 MONTHS BUT WHEN YOU WIN DOES THIS FIRST SIX MONTHS START? WHEN ARE WE GOING TO SUBMIT BECAUSE THAT'S ON TOP OF 18 MINUTE MEDIA CONFUSION ON THIS.

THAT'S BASICALLY THREE PROJECTS WE'RE TALKING ABOUT. THE FIRST ONE IS THE FIRST ONE IS ALREADY SUBMITTED. YEAH. OH FROM NOW UNTIL NOW INTO THIS PROCESS NOW OKAY HOW LONG IT TAKES RIGHT OKAY I I'M TRYING TO THINK OVER RIGHT NOW I SUBMITTED SOMETHING FOR YOU GUYS TO WHERE SAY WE NEED TO START SETTING THE NEXT ONE OKAY SO THAT WE DO GET YEAH. THE NEXT TWO AND THEN AS WE SAY THAT IF WE'RE DOING THE ONE ON BLUFFTON ROAD THEN THAT ONE'S A MUCH LARGER PROJECT. SO I WAS GOING TO TAKE MORE TIME AND PROBABLY SHREDS AND COMMUTE ALL OF US A LOT MORE OFTEN.

[00:15:02]

LOT OF PEOPLE THE NEXT SO GOOD MORNING EVERYONE OF THE NEXT SLIDE WE HAVE IT JUST SAYS

[VII. 2. Affordable Housing Project ]

IT WAS NOT PROVIDED IN ANY PACKET THE COUNTY TO THE CITY SO VERY FEW OF THESE THE COUNTY IS IN THE PROCESS OF PURCHASING THIS PROPERTY ON BUT VULTURE PARKWAY HAS BEEN OWNED BY ST BY THE SEA OF HIGHLIGHTED HERE IN YELLOW IT'S IMMEDIATELY ACROSS FROM VULTURE PLACE THE COUNTY IS INTERESTED IN PURCHASING THIS PROPERTY AND WORKING IN CONJUNCTION WITH BEFORE MEMORIAL TO HAVE A 100% AFFORDABLE PRODUCT PROJECT ALONG WITH A MEDICAL OFFICE BUILDING ON THIS SITE AND I DON'T LET THEM COME UP HERE AND GIVE A LITTLE BIT MORE DETAIL BUT I KIND OF WANTED TO PICK THE GROUNDWORK FOR YOU TO JUST SO YOU SEE WHERE THE PROPERTY IS LOCATED AGAIN HERE ACROSS FROM BUCKWALTER YOU HAVE GOOD BRIDGE BEHIND IT YOU HAVE THE TOWNS ABOUT WALTER AND YOU CAN SEE HERE THIS PROPERTY LOCATED IN THE BUCKWALTER PLAN UNIT DEVELOPMENT AND YOU CAN SEE I KIND OF HIGHLIGHTED HERE THE BUCKWALTER COMMENTS THAT RED AREA IS THE LAND USE THAT'S OUR MOST INTENSELY AND USE THAT'S ALLOWED THERE SO THE ABILITY TO HAVE A MEDICAL OFFICE AND YOU DO AFFORDABLE UNITS THERE IS ALLOWED BY RIGHTS.

ONE OF THE ISSUES THAT WE'RE WORKING THROUGH IS RIGHT WITH THE PURCHASE OF PROPERTY THERE'S TEN ACRES OF COMMERCIAL DEVELOPMENT RIGHTS SO THAT GIVES YOU THE ABILITY TO CONSTRUCT COMMERCIAL USES. HOWEVER IT DOES NOT GIVE YOU THE ABILITY TO CONSTRUCT WELL UNITS SO THE COUNTY IS GOING TO COME FORWARD ULTIMATELY TO TOWN COUNCIL TO LOOK TO RECEIVE APPROXIMATELY 120 DWELLING UNITS. NOW WE'RE TO WORK WITH TOWN COUNCIL AND OUR ATTORNEYS TO CLEARLY ESTABLISH WHAT WE WANT TO DO IS TO BRING THIS IN FRONT OF YOU JUST TO MORE A HEAD NOD AS TO THIS IS A GOOD GOOD IDEA, GOOD PROJECT.

[00:20:03]

JUST A COUPLE OTHER IMAGES HERE, JUST A SIDE VIEW THIS IS A PARK WALTER PARKWAY AND ACROSS THE STREET IS A PUBLIC PLACE THIS IS A COPY OF THE WALTER ACCESS MANAGEMENT PLAN IS WAS TO BE A LITTLE BIT EASIER TO HIGHLIGHTED THE PROPERTY HERE IN RED JUSTINE YOU CAN SEE CURRENTLY THERE'S A LIGHT UP WALTER PLACE THE MAIN ENTRANCE WHAT HAPPEN RIGHT NOW IS THERE'S TWO ADDITIONAL ENTRANCES CURRENTLY THIS SITE WOULD ACTUALLY TAKE ACCESS ACROSS FROM THE KROGER THE GAS STATION ENTRANCE THAT'S SEPARATED SO SEE I KIND OF HIGHLIGHTED RIGHT HERE THE DAKOTA ACCESS MANAGEMENT PLAN DOES CALL FOR A TRAFFIC LIGHT THAT LOCATION SHOULD SO THE DEVELOPMENT SITE WOULD HAVE A SIGNALIZED ENTRANCE TO IT FOR SAFETY PURPOSES AND THEN ULTIMATELY WOULD CONNECTED TO WALTER PLACE IN THIS AREA HERE IS WASHINGTON YOU PROBABLY SEE THE TOWNHOMES THAT HAVE GONE UP AND THAT'S LOWCOUNTRY FRESH SO IT DOES PROVIDE CONNECTIVITY THROUGHOUT THE SITE AND THEN ALSO FROM CONSISTENCY STANDPOINT OUR GREAT FRAME OF MIND DOES CALL FOR THIS AREA AS THE TOWN WHICH IS THAT MORE COMPACT DESIGN FEEL THAT THIS IS A GREAT LOCATION FOR FOR AFFORDABLE HOUSING YOU KNOW NUMEROUS RETAIL COMMERCIAL ACROSS THE STREET AND MORE COMING FOR THE ABILITY TO HAVE YOU KNOW LOCATIONS FOR INDIVIDUALS TO WORK ALSO THE BLUFFTON BREEZE WHICH IS THE THE BUS SYSTEM THAT RUNS THROUGHOUT AS OF RIGHT NOW IT DOES TRAVEL DOWN BUCKHOLTZ PARKWAY SO IS PUBLIC TRANSPORTATION THAT IS CURRENTLY GOING THROUGH THIS AREA AND AS IT WOULD BE DEVELOPED EASILY PUT STOPS IN THE SIDE INDIVIDUALS WOULD BE ABLE TO HOP ONTO THE BUS TO GET AROUND TOWN WITH EASE WITHOUT USING A VEHICLE SO THAT'S JUST KIND OF SOME BACKGROUND INFORMATION. WHAT I'D LIKE TO DO IS HAVE HANK RUSSELL AND PARKER COME UP HERE AND JUST SAY A FEW WORDS AND THEN WE'RE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE MORE AND EVERYBODY MY NAME'S HANK ANDERSON.

I WORK FOR COUNTY AND ORIGINALLY I WAS ORIGINALLY CONTACTED BY ST ANDREWS BY THE SEE ABOUT THIS PROPERTY AND WE HAD KIND OF A QUIET PROCESS THE HAD US DO IT THIS WAY TO GET IT UNDER THE COUNCIL APPROVAL BEFORE THEY TOLD THE CONGREGATION INITIALLY WE DID IT IN THE STEVE AND REACHED OUT AND KEVIN WERE VERY HELPFUL IN SAYING HEY THERE ARE NO DWELLING UNITS ON PROPERTY AND THEY'VE BEEN VERY HELPFUL ON HOW WE WOULD WORK THROUGH THAT PROCESS BECAUSE OF ALL THE REASONS HE JUST SPOKE OUT. WE FEEL LIKE THIS PROPERTY IS LOCATION THE ACCESS MANAGEMENT PLAN THAT GIVES PROPER ACCESS IN AND OF THE PROPERTY IS PERFECT AND MY TASK INITIALLY WAS THE CONTRACT IS CONTINGENT UPON GETTING UNITS AND IT WAS JUST GOING TO BE A STANDALONE AFFORDABLE HOUSING DEVELOPMENT BUT WE HAVE A LOT OF STRATEGIC PARTNERSHIPS WITH B FROM OUR HOSPITAL AND THROUGH TALKS WITH RUSSELL KNOX WITH STEPHEN AND MARY. SO IN TALKING ABOUT WHAT ARE OTHER STRATEGIC INITIATIVES IN TOWN AND IN THE COUNTY, THE IDEA OF MEDICAL OFFICE AND OTHER MEDICAL OFFICE SERVICES IN THE AREA CAME TOGETHER AND WE WERE WORKING WITH PEOPLE WERE ON OTHER PROPERTIES AROUND THE COUNTY FOR AFFORDABLE HOUSING AND IT TURNED INTO THIS EXCITING PARTNERSHIP WHICH KEPT THE BOTH FOR EMPLOYMENT FOR RESIDENTS AND FOR THE TOWN AS A WHOLE.

SO WE CURRENTLY HAVE PUT FORTH A LETTER TO REQUEST THE UNITS. THE THIRD PARTY HERE IS NAMED PERKASIE HERE IS THE WATER COOPER WHO WOULD DO THE DEVELOPMENT ITSELF AND BUILD THESE UNITS INCLUDING THE MEDICAL OFFICE ETC. RIGHT 587 SO WHAT I'M GOING TO DO IS BRING SOME NUTS AND BOLTS UP IF YOU'D LIKE TO KNOW MORE FROM RUSSELL TO KNOW WHAT THE MEDICAL OFFICE COMPONENT WOULD BE WE JUST FEEL LIKE THE PUTTING TOGETHER OF THESE OFFERINGS ON ONE PROPERTY WORKS AND WORKS WELL ACROSS BAXLEY AS YOU'LL SEE BEFORE MEMORIAL AND SO KIND OF GIVING MORE DETAIL AS TO WHAT HANK WAS SPEAKING TO IN THE MIXED USE.

SO IN THIS SAME PARTY WE ARE ACTIVELY WORKING TO BREAK GROUND ON THE HOSPITAL SO 2018 WE SUBMITTED THE STATE A NEW HOSPITAL AND I WANT TO PLACE THAT HAS BEEN TIED UP IN LITIGATION THROUGH STIFF NEAT LAWS FOR THE LAST FIVE YEARS. COVID HAS NOT HELPED THINGS OBVIOUSLY AS IT TOOK OUR ATTENTION AWAY FROM GROWTH AND OTHER THINGS WE'RE NOW ACTIVELY ON THAT PROJECT. WE ARE WORKING ACTUALLY TODAY WITH TOWN ON THAT IP AND SOME

[00:25:02]

SO WHILE WE WOULD BE DEVELOPING THE WE THINK WE'D BE DEVELOPING A PARALLEL THE MEDICAL OFFICE BUILDING AND HOUSING AT THE SAME TIME IN THE SAME PLACE THERE AND ASK IF THERE'S ANY QUESTIONS. SO I HAVE COUPLE OF QUESTIONS IS ARE THESE AFFORDABLE UNITS ONLY FOR YOUR EMPLOYEES ARE SO IN WORKING WITH PARTNER THIS WOULD BE OPEN TO THE GENERAL PUBLIC IT WOULD NOT BE ABLE TO RESERVE THEM ONLY FOR PEOPLE ALWAYS WE'D WANT TO BE MORE EMPLOYEES OBVIOUSLY THEY WOULD HAVE AS MUCH RIGHT AS ANYBODY ELSE WOULD BUT WE WOULD NOT BE ABLE TO RESTRICT THEM PEOPLE AT ALL EMPLOYEES ONLY. HOW HOW WOULD YOU BUILD QUALIFIED APPLICANTS? WELL WHAT PROPERTY IN TERMS OF THEIR OR IN TERMS OF WHAT THE APPLICATION PROCESS APPLICATION PROCESS. SO OUR MANAGEMENT COMPANY WE HAVE A STANDARD APPLICATION PROCESS WHERE THEY APPLY BECAUSE IT'S GOING THROUGH THE SECTION 42 TAX CREDIT THEY WOULD NEED TO CERTIFY INCOME. SO YOU REVIEW THEIR INCOME AND NOT ONLY THAT BUT WE GO THROUGH AND DIFFERENT BACKGROUND CHECKS AND CRIMINAL CHECKS EVERYTHING THAT IS STANDARD LIKE MARKET RATE DEVELOPMENT WITH LOOKING FOR AN APPLICANT WE MAKE SURE THEY CHECK ALL THE BOXES, WE MAKE SURE THAT THEY CAN AFFORD THE UNIT THAT THEY LIVE IN.

THE RENTS WILL BE SET LOWER TO THEIR AFFORDABLE LEVEL BUT THEY STILL NEED TO BE ABLE TO AFFORD THE RENT THAT CHARGE. SO WE REVIEW ALL THAT, REVIEW THEIR INCOME, REVIEW THEIR THEIR RENTAL HISTORY JUST TO MAKE SURE THAT THEY'RE A QUALIFIED INDEPENDENT.

I MEAN IF A COUNTY IN MY AREA MEDIAN INCOME WOULD RANGE BE THAT SO WE WOULD LOOK TO SET THEM BETWEEN 40% AND 80% OF RMI. SO AN EXAMPLE A ONE PERSON HOUSEHOLD AT PERCENT AND THEY WOULD BE WOULD HAVE AN INCOME LIMIT JUST UNDER 26,000 A YEAR I MET 80% AND A ONE PERSON HOUSEHOLDS WOULD HAVE JUST OVER 51,000 A YEAR WE WOULD VIDEO DEVELOPING BETWEEN ONE BEDROOM AND THREE BEDROOM UNITS SO THE OCCUPANCY STANDARDS ARE 1 TO 2 1 TO 2 PERSONS A BEDROOM SO IT COULD GO UP TO A SIX PERSON HOUSEHOLD A SIX PERSON HOUSEHOLD AT 30% AND I WOULD JUST UNDER 32,000 A YEAR AND 80% A-MINUS SIX PERSON HOUSEHOLDS WOULD BE JUST OVER 85,000 HERE JUST HOLD IT 30%. YEAH, I MEAN SO 40 OR 40% WOULD BE 42 AND A HALF THAT WAS IN FOR A SIX PERSON HOUSEHOLD. THESE ARE RENTALS, CORRECT?

[00:30:02]

YES. LET ME JUST SO THE HOSPITAL IS HERE SOUTH OF WALTER PLACE BUT NORTH OF THE PARKWAY THE PROPERTY THAT WE'RE REFERRING TO IS THE MEDICAL OFFICE.

I WANT TO MAKE SURE THAT THERE'S THERE'S A CLEAR UNDERSTANDING THERE'S THERE'S TWO SEPARATE PROPERTIES THAT WE'RE TALKING ABOUT IN THE RUSSELL ARE MEETING LATER ON THIS MORNING TO DISCUSS THE HOSPITAL PROPERTY BUT THIS ONE IS IS SEPARATE SEPARATE PROPERTY IN THE GENERAL VICINITY BUT NOT THE SAME PROJECT TO MAKE SURE THAT THE HOSPITAL PROPERTIES ZONED FOR COMMERCIAL YES YES. SO WE WENT THROUGH THAT INITIAL MASTER PLAN APPROVAL AND DID A LOT OF OUR DUE DILIGENCE IN 2018 WE ACQUIRED THE PROPERTIES WE OWN THAT PROPERTY FOR QUITE A WHILE NOW AND HAVE BEEN TRYING TO BUILD A HOSPITAL FOR LONG AS WE BONDED WE'VE JUST BEEN TIED UP THROUGH VARIOUS WHAT'S THE SIZE OF THE HOSPITAL PROPERTY? A LITTLE OVER 1213 ACRES AND SO THE SIZE OF THE PROPERTY I MEAN WE GET ALMOST TO MY RIGHT ON THIS WHICH YOU ALREADY STARTED ACTED AS THAT THAT WAS IN QUESTION. SO THAT'S THE SIZE OF IT. AND SO WHEN YOU SAY IT'S EXPANDABLE IS THERE AN EXPECTATION THAT THAT FACILITY OVER TIME I THINK THAT AND AS THE COMMUNITY GROWS WE'RE BUILDING A FACILITY THAT HAS THE ABILITY TO GROW WITH IT THROUGH SHARED SPACE AND OTHER OPPORTUNITIES. SO YES RIGHT NOW THE FACILITY THAT THEORETICALLY WILL BE CONSTRUCTED ON THAT SITE AT THE CORNER SO SEPARATE FROM THE SITE WE'RE TALKING ABOUT WITH HOUSING THAT WOULD BE EXPANDABLE.

HOST FOR 2027 CEO INTERVIEW SO YES AND THIS THESE RENTAL THAT YOU'RE PROPOSING TO ADVANTAGE THOSE THAT WOULD BE SUPER AS WELL I'M WHAT WOULD A OF MANAGEMENT WHAT IF YOU COMPANIES WERE A COLUMBUS OHIO BASED ORGANIZATION BUT WE OPERATE IN 17 STATES INCLUDING SOUTH CAROLINA WE'VE GOT 33 RELATIONSHIP WITH BEAUFORT MEMORIAL.

SO WE ARE WORKING WITH THEM ON A SEPARATE PROJECT IN IN SOMEWHAT SIMILAR FASHION BEAUTIFUL MEMORIAL. UNDERSTAND IS THE WORKFORCE HOUSING AFFORDABLE HOUSING ISSUE. WE HAVE 2000 PLUS EMPLOYEES. WE EVERY OTHER EMPLOYER STRUGGLING FOR OUR PATIENT CARE TAX, OUR NURSES, OUR FULL BOTTOMS, OUR COOKS, OUR HOUSEKEEPERS THEY'RE STRUGGLING WITH HOUSING, TRANSPORTATION JUST LIKE EVERYONE ELSE.

SO MIDDLE MIDDLE OF COVID WE STARTED TRYING TO FIND PARTNERS TO HELP US DEVELOP HOUSING ACROSS THE COUNTY FOR NOT ONLY OUR BUT WHOEVER COULD BENEFIT FROM IT BECAUSE ANY AFFORDABLE HOUSING PROJECTS BETTER THAN NO AFFORDABLE HOUSING PROJECT IN OUR OPINION WE ARE HOSPITAL OPERATORS I'LL BE THE FIRST TO TELL YOU THAT I DON'T WANT TO BE A TO YOU KNOW 200 400 PEOPLE ESPECIALLY THEIR MIND ALWAYS LIKES SORT OF AT AN ARM'S LENGTH TRANSACTION HAPPENING THERE BUT WE WANT TO BE THE CONDUIT TO START THE BALL ROLLING ON SEVERAL PROJECTS WHICH IS WHY WE'VE GOT THREE THIS ONE BEING ONE OF THE THREE CURRENTLY IN VARIOUS PHASES WITH DIFFERENT TAILS RIGHT NOW IN BUILDING HOUSING. SO THE RELATIONSHIP IS WE WERE CONNECTED THROUGH A COMMON ACQUAINTANCES WE'VE BEDDED DOWN THEIR MISSION ALIGNS WITH OURS IF YOU WILL IN TERMS OF WHAT WE'RE BOTH TRYING TO ACCOMPLISH AND WE FELT LIKE THEY WERE A GOOD PARTNER FOR US TO WORK WITH WHERE WE COULD BE LANDOWNERS, WE COULD DEVELOP SOME MEDICAL SUCH A NEED FOR MEDICAL IN THE AREA ACROSS THE BOARD AT THE SAME TIME FOR ACQUIRING LAND. WHY NOT ACQUIRE ENOUGH TO WORK WITH A GOOD PARTNER TO TO ALSO DEVELOP HOUSING AT THE SAME TIME THAT WE'RE DEVELOPING MEDICAL AND CHILD CARE AS WELL SO ANOTHER STORY BUT THAT IS KIND OF HOW THIS PARTNERSHIP GENERATED IS US SEEING A PROBLEM UNDERSTANDING THAT SOMETHING HAD TO BE DONE AND ALSO UNDERSTANDING THAT AS HOSPITAL OPERATORS, YOU KNOW WE DON'T KNOW THAT WE'RE THE BEST TO BUILDING AND MANAGE HOUSING . OKAY. SO TWO MORE QUESTIONS AND I APOLOGIZE FOR I DIDN'T REALIZE I WAS CHUCKLING THAT THEY HAD DONE THEIR I'M NOT SURE IF IT

[00:35:05]

EVERYTHING ELSE IS AFFORDABLE STILL. I DON'T KNOW IF IT'S THAT THE COUNTY OR TOWN WANTS TO SEE WE CAN OF COURSE PUT ON A COVENANT THAT INCREASES THAT TIME AS 30 YEARS THAT WOULD BE SOMETHING WE'D BE AMENABLE TO DOING THAT WOULD BE SOMETHING WITH THE COUNTY BEING THE INITIAL ACQUIRING ENTITY AND THEN PUTTING TOGETHER THE PARTNERSHIP WOULD BE A CONDITION OF THAT. WHAT DO YOU MEAN CONDITION LIKE IT GOES TOWARDS THAT THAT'S THE AS OPPOSED TO THE TRADITIONAL MODEL WHERE IN 15, 20, 25 YEARS EVERYTHING ROLLS OFF AND WE'RE CONSTANTLY CHASING OUR TAIL FOR AFFORDABLE UNITS.

WE'VE BEEN TALKING TO THE COUNTY ABOUT HOW DO WE I ASSEMBLE, BUY AND THEN TRANSFER PROPERTY FOR AFFORDABLE HOUSING COVENANTS TO MAKE THAT EXTEND. JUST I THINK THE TOWN HAS DONE THE SAME THING IN OTHER INSTANCES WE WANT TO STICK WITH IS WAS THE IN UNIFORM AND I'LL FINISH AND LET ME JUST I MEAN THE HOSPITALS GOALS ARE ALIGNMENT PROBLEMS RIGHT SO I UNDERSTAND THE IDEA THAT SOMEONE BUILDS AFFORDABLE HOUSING TO CONVERT THE MARKET RATE BUT TO BE CLEAR THAT DOESN'T DO THE HOSPITAL ANY GOOD.

YOU KNOW IF WE'RE 2000 EMPLOYEES NOW AND WE'RE 4000 EMPLOYEES TEN YEARS NOW WE GROW FROM THERE. YOU KNOW, HAVING A PROJECT THAT WE'VE BEEN A PART OF THE BIGGEST CONVERTING TO MARKET RATES WHICH ISN'T ADDRESSING THE PROBLEM WE'RE HERE IT'S IT DOESN'T DO ANYONE ANY GOOD SO JUST WE'RE ALL ALIGNED ON THAT THAT WE WANT THESE PROJECTS TO REMAIN AFFORDABLE AND THERE NO DESIRE ON HUSBAND'S PART EITHER TECHNICALLY TO OWN THEM ALTHOUGH WE WOULD IF THAT IS PUSH CAME TO SHOVE WE HAD TO GET INTO AFFORDABLE HOUSING WE WOULD WE ARE PROJECT TO BE FOR IT WILL BE OWNED BY PEOPLE THE MORAL OF TO BE CLEAR ON THAT NO EXCITED ABOUT THAT BUT IS WHAT WE HAVE TO DO AND SO WE ALL ALIGNED ON THERE IS NO INTENT IT FALLS APART BECAUSE IN THIS THIS PROBLEM IS THE WAY WE INTEND ON GROWING COMMUNITY NOT HIRING MORE PEOPLE. THESE ARE BADLY NEEDED BY THE HOSPITAL STRUCTURE AND YOU GOOD QUESTIONS. WELL FIRST OF ALL, CONGRATULATIONS ON GETTING THE LAW CHANGED TO GET THE HOSPITAL OVER THERE AND I THINK IT'S A VERY POSITIVE GOOD THING FOR EVERYBODY EVERYWHERE IN THE STATE OF SOUTH CAROLINA. THE SECOND PART IS I LIKE TO SAY THE CHAIRMAN HAS BEEN BEATING THE AFFORDABLE WORKFORCE HOUSING FOR DECADES AND IN ITS FINALLY COME TO A PITCH AND SO I COMMEND YOU FOR BEING A LEADER AND ALL THE THINGS YOU'RE SPEAKING TO RIGHT NOW. IT'S DESPERATELY NEEDED EVERYWHERE. I MEAN OBVIOUSLY IT'S A STATE AND LOCAL PROBLEM.

I WOULD ENCOURAGE YOU AND LIKE YOU SAID TO INCREASE THE AGE RESTRICTION FROM 30 AND THERE'S SOME PEOPLE ARE GOING OUT TO EAT BECAUSE TO YOUR POINT IT'S NOT GOING AWAY, IT'S GOING TO BE HERE AND AS THE COMMUNITY CONTINUES TO GROW FROM 200,000 IN THE COUNTY TO GOD KNOWS ONLY WHAT GOING FORWARD AND HEARTY BUILD TO IS THIS IS THIS HAVE VOUCHERS AND REALLY KIND OF NO WE WOULD NOT BE PURSUING IF IT'S SOMETHING THAT THE TOWN AND COUNTY WOULD LIKE TO SEE WE COULD PURSUE VOUCHERS BUT THAT'S NOT THE POINT AT THE MOMENT.

AND THEN ADDITIONALLY IF A RESIDENT COMES TO US AND THEY HAVE A HOUSING CHOICE VOUCHER

[00:40:01]

SO WE HAVE AN UNDERSTANDING WHEN PEOPLE WHEN WE HAVE DIFFERENT PEOPLE COMING IN THE DOOR AND SAY THERE'S HYPOTHETICALLY THERE'S TEN AND EVERYBODY'S GOT A DIFFERENT DIFFERENT METHODOLOGY AND EVERYBODY'S ASKING FOR INCENTIVES.

WE'RE SITTING HERE GOING MY GOSH, WE DON'T KNOW WHAT'S GOOD, WHAT'S BAD, WHAT'S WHAT'S A GOOD DEAL, YOU KNOW? SO IF YOU COULD SHARE YOUR MODEL WHEN YOU GO ABOUT FINANCING THIS AND WHAT YOUR IS HOW YOU GOING TO GO ABOUT IT THAT WOULD BE HELPFUL TO US TO UNDERSTAND AND WHAT OTHER PEOPLE COME THROUGH THE DOOR SO WE KNOW WHAT WE'RE DEALING SO I CAN SHED SOME LIGHT ON THAT NOW WE'D BE PURSUING SECTION 42 TAX CREDITS FROM SOUTH CAROLINA HOUSING THAT WOULD INCLUDE THE FEDERAL TAX CREDIT AND THE STATE TAX CREDIT THAT THEY RELEASED. I BACK IN 2021 AND THEN AMENDED LAST SO THAT WOULD PROVIDE THE MAIN EQUITY INTO THE DEVELOPMENT WE WOULD BE DOING OR SECTION 42 IT ALLOWS YOU TO USE UTILIZING AVERAGING AND SO WE WOULD WHICH ALLOWS US TO DO ANYWHERE BETWEEN 30% AND 80% AMI SO LONG AS THE AVERAGE OF ALL OF THE INCOMES OF THE HOUSEHOLDS AVERAGE IS THE 60% AND SO WE'D BE LOOKING PRIMARILY AT 40% 60% TO 80% UNITS AVERAGING TO THAT 60%.

WE WOULD IS SEEKING LESS I GUESS LOCAL RESOURCES AND OTHER AFFORDABLE HOUSING MIGHT BECAUSE OF THE OF THE SECTION 42 TAX CREDIT THAT REALLY PROVIDES A VERY HIGH AMOUNT OF EQUITY INTO THE PROJECT AND THAT WOULD BE THAT HELPS OFFSET BECAUSE THE LOWER RENTS DON'T LET US TAKE ON AS MUCH PERMANENT BUT THE FIRST PERMANENT FIRST MORTGAGE THROUGH A TRADITIONAL BANK WOULD PROVIDE THE REMAINING EQUITY INTO THE PROJECT.

WOULD YOU BE LOOKING FOR IMPACT FEE WAIVERS FROM THE COUNTY AND MAYBE SOME INCENTIVES AT ALL FROM THE TOWN OR YOU'RE SAYING NO WE WOULD WE WOULD LIKE IMPACT IN IMPACT FEE WITH THE WAIVERS IF THOSE ARE AVAILABLE AND IF WE WOULDN'T BE REQUESTING ADDITIONAL LOANS AT LEAST AS OF THIS POINT WHEN OUR CONSTRUCTION ESTIMATE WHEN OUR CONSTRUCTION COMPANY COMES BACK AND PROVIDES AN ESTIMATE THAT CHANGE HOW THE MODEL WORKS OUT AS OF THIS POINT BELIEVE IT'S FINANCIALLY FEASIBLE AND THAT'S I THINK AS AGAIN TO THE SITE IF WE CAN ACQUIRE UNITS AND GET INTO THE SITE WOULD BE I KNOW YOU GUYS HAVE INSTITUTED AN ECONOMIC DEVELOPMENT ORDINANCE AND SOME INCENTIVE ORDINANCES AND THAT WOULD THAT'S WHERE WE COULD IDENTIFY WHAT ASKING IS IT A GOOD DEAL OR ARE WE MAKING A GOOD DEAL BETTER BECAUSE IT'S HARD TO MAKE A BAD DEAL GOOD AND THAT'S WHERE WE WOULD IDENTIFY THOSE ISSUES THAT WOULD THEN BE APPLIED FOR THROUGH THAT ORDINANCE. YOU KNOW THE ONLY OTHER COMMENT I WOULD ADD AND I'M SURE YOU'RE WELL AWARE OF THIS TO MY KNOWLEDGE I COULD BE WRONG BUT THE RESOURCE IS ARE ALWAYS LIMITED AND I KNOW THAT THE COUNTY FOR EXAMPLE IMPACT FEE WAIVERS I THANK YOU ALL WHEN WE BUDGET 100,000 SOMETHING LIKE THAT THINK THAT WOULD BE THE GOOD PART ABOUT A TIMELINE OF PROJECT LIKE THIS IS WE BECAUSE IT DOESN'T HAPPEN INSTANTANEOUSLY AND THE EITHER THE WAIVERS I BELIEVE IS MORE OF A REPAYMENT AND WE WOULD HAVE TIME TO BUDGET IT THE FUTURE HERE TO THE SAME STATE TAX CREDITS I WOULD ONLY PUT A CERTAIN AMOUNT IN THE POT THESE

[00:45:01]

YEAH. THANK YOU. YEAH.

MEAN I JUST WANT TO REITERATE THE TIME THE DEED RESTRICTION TIME WHEN YOU CONSIDER AND I KNOW Y'ALL ALL ON THE SAME PAGE BUT IF I HAD TO JUST MAKE MY VOTE 30 YEARS IS DEFINITELY NOT LONG ENOUGH FOR AFFORDABILITY I CAN TELL YOU THAT WE AGREE WITH THAT AND IF I MAY THAT'S SOMETHING AGAIN THIS WILL HAVE TO GO IN FRONT OF TOWN COUNCIL BUILDING AGREEMENT AND THAT'S A POTENTIAL CONDITION THAT CAN BE PLACED THROUGH TOWN COUNCIL. SO JUST HEARING THE FEEDBACK THAT YOU'RE PROVIDING KIND OF THE UNDERSTANDING FROM FROM THEIR SIDE AS WELL IT SEEMS AS THOUGH EVERYONE'S IN AGREEMENT THAT OBVIOUSLY BEYOND THAT 30 YEAR MARK IS MORE APPROPRIATE AND WE WILL WORK WITH THAT. AND THEN YOU OBVIOUSLY HAD TWO COUNCIL MEMBERS SITTING RIGHT HERE AND THEY CAN EXPRESS THAT TO THE OTHERS AS WE'RE MOVING FORWARD.

I THINK THIS IS A WIN AND LOOK ,MY ONLY RESERVATION AT THIS POINT IS TO MAKE SURE THAT IT'S ACROSS THE BOARD NOT JUST OF LAWYERS LAWYERS. YES, I SERVE ON THE GOING THROUGH THE IT'S IRS PROCESS AND WE HAVE TWO AREAS WE HAVE TO COMPLY WITH AN AFFIRMATIVE FAIR HOUSING MARKETING THAT MAKES SURE WE MARKET IT FAIRLY TO EVERYONE WITHIN THE AREA SO IT WOULDN'T JUST FAVOR ONE POPULATION CAN YOU SAY THE NAME OF A HOUSING DEVELOPER AGAIN? WOULD A COOPER COMPANIES CAN YOU SPELL THAT ME W00T A C ARE THESE THANK YOU AND WE DO HAVE A FEW DEVELOPMENTS IN THE AREA WE CURRENTLY ARE NOT VERY MUCH ANY AGREEMENT OVER IN HARRISVILLE 123 CLUB IN YOU FOUR AND IT'S STILL GREENBURG PARISH AGREEMENT IN STILL AND THEN WE HAVE SEVERAL OTHER DEVELOPMENTS THROUGHOUT SOUTH CAROLINA FROM COLUMBIA TO CHARLESTON AREAS THE THOSE WHO ARE IN DID YOU AND GET GIVE KEVIN THE INFORMATION THAT WERE THE TWO LOCAL ONES ARE THAT YOU SPOKE ABOUT I WOULD CERTAINLY GO BACK AND LOOK AT IT I HAVEN'T I HAVEN'T ALREADY WE CAN SET THAT OUT TO YOU. OKAY, YOU GUYS.

THANK YOU. ALL RIGHT. A LOT OF INFORMATION WAS SHARED AND AGAIN I'M GOING TO KEEP CALLING IMPORTANT BECAUSE WE THEM SO IT TO BE IMPORTANT AS WE HAVE QUESTIONS AFTER COMMENTS WE DO HAVE THE SHANNON IN THE BUILDING DO YOU WANT OKAY WE HAVE TOWN MANAGER OKAY SO THAT ENDS OUR PUBLIC COMMENTS ANY COMMENTS IN FROM THE COMMITTEE FOR US TO AMEND THE SOME OF THE CONDITIONS ON THE HOSPITAL PROJECT WE WERE GIVEN AND PEOPLE IN VICTORIA INITIAL THAT IS POSITIVE KELS WILL LEAVE IT UP TO ME A DAY FOR YOU SO GIVE ME UP TO IT THOSE WISH LIST AGAIN THIS IS A COMMUNITY AND IN AN CAN PRESENT AGAIN WE KNOW WE WANT TO SEE MORE THAN 30 YEARS AND SUGGEST THAT IT IS A GOOD NUMBER AND I THINK YEAH BUT I DON'T I SEE YEAH GOING TO BE AFFORDABLE IS AFFORDABLE BECAUSE YOU KNOW MY KIDS WILL BE HERE IN 50 YEARS YOU KNOW I, I JUST THINK IF YOU ARE DESIGNATING SOMETHING TO BE AFFORDABLE THAT'S WHAT ISSUE BECAUSE THAT'S THE INTENT IN THE VERY OR THE INTENT THEN SEEMS TO BE TO GET WHAT YOU WANT YOU'RE GOING TO SAY WHAT PEOPLE WANT TO HEAR AND KNOWING IN THE LONG RUN IT IS GOING TO END UP BEING SOMETHING DIFFERENT.

[00:50:02]

BUT I UNDERSTAND WHAT YOU'RE SAYING. THAT'S JUST ME RIGHT.

I UNDERSTAND. YES. I'VE SAID THIS BEFORE THE COMMITTEE BEFORE BUT I'LL JUST SAY IT AGAIN. I LIVED IN RESTON FOR ALMOST 25 YEARS AND I LIVED A NEIGHBORHOOD WHERE WE HAD AFFORDABLE HOUSING, BEAUTIFUL HOMES, APARTMENTS, BRICK APARTMENTS AND OR TOWNHOUSES AND YOU KNOW, I SAW THE CHILDREN GROW GROW UP IN THESE IN THIS COMMUNITY. THEN WHEN I MOVED AWAY FOUR YEARS AGO, THE 25 YEARS OR WHATEVER WAS ALMOST WAS UP AND SO THE TOWN OF THE TOWN THE I GUESS THE COUNTY OWNED THE PROPERTY AND SO NOW THOSE PEOPLE ARE DISPLACED BECAUSE ALL OF A SUDDEN, YOU KNOW, THE STATUTE LIMITATIONS HAD RUN OUT FOR THEM.

SO I SAW THAT FIRSTHAND THAT YOU KNOW, 20, 25 YEARS WAS NOT ENOUGH.

3530 YEARS IS JUST A LITTLE BIT MORE. AND SO IF THERE'S ANY WAY TO MAKE IT 50 YEARS OR APPROPRIATE IT THAT WOULD BE REALLY THINKING ABOUT THE FUTURE OF THE COMMUNITY I DON'T I DON'T THINK 50 YEARS AND YOU WERE OUT OF THE QUESTION AT ALL I THINK THAT IS VERY MANAGEABLE YOU KNOW AGAIN ANYTHING PAST 50 I NEED TO GO BACK TO COOPER COUNTY AND EVERYTHING ELSE TO SEE HOW THAT MIGHT WORK STRUCTURALLY GIVEN THE COMPLEX NATURE OF WHAT WE'RE TRYING TO ACCOMPLISH HERE. SO I CAN SAY WE IN THE 17 STATES WE WORK AND EACH STATE IS DIFFERENT THOUGH INCENTIVIZE I GUESS HAVING LONGER PERIODS THE MOST I'VE SEEN ANY STATE DO IS 55 YEARS WHICH WE'RE VERY COMFORTABLE DOING 55 YEARS WE'RE COMFORTABLE DOING MORE IF THAT'S WHAT NEEDS TO BE DONE. THE MINIMUM BASELINE SEEN IS 30 SO WE DO THAT STANDARD EVERYWHERE AND THE OUR THE WAY OUR COMPANY IS OUR MISSION IS AFFORDABILITY AS WELL SO WE'VE HAD SOME DEVELOPMENTS GET OUT OF THE COMPLIANCE PERIOD THAT WE JUST READ SYNDICATE ON THE TAX CREDITS AND KEEP THAT AFFORDABILITY BECAUSE WE HAVE NEW RESTRICTIVE COVENANTS THAT GET PLACED ON THE PROPERTY AND THAT'S THE COUNTY DONATING THE LAND TO THIS PROJECT THAT'S TO BE DISCUSSED IN COMING WEEKS. IF WE CAN ACQUIRE THE PRODUCT WE CAN GET UNITS TO MOVE FORWARD. THAT WOULD BE THE NEXT DISCUSSION OF HOW DOES THAT MIX WORK AND HOW DO WE CONTRIBUTE. SO CAN YOU YOU NEED THE COUNTY AND YOU NEED THE TOWN IS REQUIRED SO BETWEEN THE TWO OF US I THINK WE CAN COME UP WITH YEARS OF FRED I'LL BE THERE VERY YOU SAID LONG BUT I THINK NEW YORK 11 VOICES OKAY THANK YOU. ALL RIGHT. WELL THAT BRINGS OUR NOVEMBER MEETING TO A CLOSE. I WOULD JUST TO SAY HAPPY THANKSGIVING AND WE'LL SEE YOU ALL IN DECEMBER. THANK YOU. THANK YOU.

YOU GUYS ARE GREAT. ALL

* This transcript was compiled from uncorrected Closed Captioning.