https://www.youtube.com/watch?v=yN10vLMeUrk
Video Description:
LHA Board of Commissions – Feb 20, 2024
Read along below:
Unknown Speaker 0:00
Okay, so let’s start this. I would like to call the live on Housing Authority Board of Commissioners regular meeting to order. Can we have a roll call please?
Unknown Speaker 0:12
Chair Joan cabinet Commissioner.
Unknown Speaker 0:17
Yes, sir Diane Crist.
Unknown Speaker 0:19
Tim to policies and city.
Unknown Speaker 0:22
Interim Executive Director
Unknown Speaker 0:25
at Public Safety Commission, please the governor regional manager and his county supervisor,
Unknown Speaker 0:31
Commissioner.
Unknown Speaker 0:33
Mr. Rodriguez, Commissioner Marshal Martin visionary they’ll be faring.
Unknown Speaker 0:39
Thank you
Unknown Speaker 0:43
have to send people in?
Unknown Speaker 0:47
Chris Cuomo, Program Manager of recovery.
Unknown Speaker 0:50
Jennifer Jepsen executive director of a cocktail online.
Unknown Speaker 0:56
Okay, you’re here for public management?
Unknown Speaker 1:04
Excuse me. First item on the agenda is the agenda revision and submissions of documents.
Unknown Speaker 1:12
The only one I’d ask is that we move into the recovery Cafe from five d to five, eight.
Unknown Speaker 1:19
That way we can get them out here.
Unknown Speaker 1:32
We’re now a public invited to know we need to approve the January 16 meetings for January system meeting 2024 minutes as
Unknown Speaker 1:45
second. They moved by Commissioner McCoy seconded by Commissioner Crist to approve of the January 16 minutes all those in favor say aye. Aye. All those opposed? That passes unanimously we are now at public invited to be heard. You have three minutes and please state your name and address. Is there anyone here that
Unknown Speaker 2:12
thinks so. Seeing that okay, public invited to be heard, old and new business. The first item on that is the recovery Cafe programming at the sweets Commissioner’s master recovery cafe to present to you all today. As you will recall, they did receive CDBG funds, looking at a facility that we’ve been working with them to build a facility adjacent to the suites. Unfortunately, because of the high tech property,
Unknown Speaker 2:44
there were issues in terms of recovery Cafe being able to get financing because the ground needs some as a problem. In working with the other investors. And talking with recovery cafe, we continue to proceed with
Unknown Speaker 2:59
recovery Cafe still being involved with providing additional resources to the individuals that live in the suites specifically related to recovery. One of the things that we know about the individuals that
Unknown Speaker 3:15
a number of individuals at the location is that there are individuals that are struggling with recovery and recovery that talked about is more than just what we think about in terms of the hard drive recovery and recovery is a much bigger definition.
Unknown Speaker 3:31
And so
Unknown Speaker 3:34
I don’t want to steal too much of their thunder. But we have since the beginning of the year.
Unknown Speaker 3:41
We brought recovery Cafe out to participate in coffee and conversations with me at the suites where we introduce them to the residents of the suites in terms of the services we’re going to provide. And they’ve been working out there I don’t know how many times you are out there now. So I’m gonna turn it over to them to talk about we’re looking at what we talked about where we’ve come from what we’re doing. One of the things that I have decided to do just based on the call volumes that we’re seeing from bleeding core is I am going to use city manager positions because I think we’re seeing more interest in
Unknown Speaker 4:18
that really to help provide the supply.
Unknown Speaker 4:21
So Chris, I’ll turn it over to you now. Is this the best slot for us right here or do you want us to stand or you can write him
Unknown Speaker 4:37
and then route over here
Unknown Speaker 4:44
great
Unknown Speaker 4:49
somewhere else
Unknown Speaker 4:54
thank you so much for having us here. Today. I’m just gonna give you a little overview of recovery Cafe one
Unknown Speaker 5:00
I’m gonna just because I’m not sure where everybody sits on knowledge about that. So I’ll just bring us all to speed recovery cafe in Longmont. We’re part of a larger network across the country. So we’re one of 6065 cafes across the US. And we are the only one in Colorado. So what we have discovered is that the cafe is such a unique and special has such a unique and special flavor that is so different than so many other programs that are offered. We like to say someone goes to treatment. Today 30 to 30 day treatment, where do they go on day 30. So we get to offer a place for people to come. And we like to say this is a place to come and be. And so it’s a chance for people to come we offer a fresh meal, every time we gather, we gather five days a week, we are in the basement right now of central Longmont Presbyterian Church. We’ve been there now for four years. And we’re coming up on five years actually.
Unknown Speaker 6:04
And so we’re just so grateful to be there ready to move on out. And so we did the feasibility study at the suites and determine that was a little bit too much for us. So we’re moving forward. But one of the things that we said we would do is let’s consider some programming at the suites and take the show on the road. So we’re kind of looking at the suites or we are looking at the suites as a pilot program. So you know, brick and mortar is expensive. And it’s tricky. And so how do we take this, the services from not just not just where we are downtown, but to the suites and beyond, and into Boulder County as well. So we are a community of refuge and healing for people who are in recovery. We like to say everyone’s in recovery from something. So that means everyone is welcome. We typically though work with a population that is at the intersection of housing, insecure substance, alcohol use,
Unknown Speaker 7:02
trauma and mental health, that seems to be where most of our people are coming from, we have a membership model, it’s a free membership. And we like to, we believe it’s important for for people of this population to belong to something have some ownership. So we ask three things of our members. Number one is they participate in keeping the place keeping in the life of the community. So we’ll ask them to do some jobs around or read our guiding principles. The second thing we ask of them is that they attend a weekly recovery circle, that is an opportunity for a group of up to 1210 to 12 people to provide accountability for one another to check in to see how they’re doing their goals. And those are those are led by our peer support specialists. And then the third thing is, what am I missing? Oh, yes, we need to we ask that they are substance and alcohol free in this space. If someone comes to the door and they’re altered, we may ask them to come back, just so they’re not triggering or members. So it’s a pretty simple model. And so the second thing I talked about was recovery circles. So this is what we want to do in at the sweets is offer programming. So we’ll offer a recovery circle to people with the sweets. And then we want to mimic or not mimic but have the cafe and cafe space for the sweets.
Unknown Speaker 8:34
Yeah, so SAMSA, which is the Substance Abuse and Mental Health Services Administration, they identify four pillars of recovery, like what are the four things that really like get you into like sustained long term recovery, and that’s health home purpose and community. And, you know, the people at the suites and you guys have done a fabulous job of getting that health and home right, those are like two very key things. And I think where recovery Cafe can really help is with purpose and community. So you know, people come in and we have our meals together, we have a recovery circle and then we do community building activities and we’ve been over there twice now and we still have another one to go just kind of talking with the community saying where they’re at and what they’d like to do. And that’s been really getting a really good response we spoke with 20 residents so far and a lot of them have identified you know just feeling kind of lonely or disconnected but very grateful for where they’re at in like acknowledged like they’ve been on a journey you know, a lot of them were unhoused and really struggling and now they have a house and you know they have a few friends there. So we’re hoping to really expand that and offer some classes that can offer recovery, recovery capital and also just some fun right just to get to know each other so when you’re walking down the hallways you know, you know your community and your neighbors
Unknown Speaker 9:55
yeah
Unknown Speaker 9:59
yeah
Unknown Speaker 10:00
Okay, so we’ve been working on this since about January. And Chris has done two listening sessions that he just mentioned, you’ve got a third one planned. And then our plan is to start weekly on Thursday nights from four to six 430 to 636 37. Yeah, 436 30 or seven, starting March 7, and doing that weekly. And then our hope is that if we see some growth, if our recovery circle gets to that 12, Mark, then we’ll add another night of programming. And another circle, hopefully, and I’m talking with a lot of the residents there, a lot of them are on their recovery pathways, you know, like, maybe you’re familiar with harm reduction in the you know, you know, they stopped doing a lot of the things that maybe kept them on the streets or struggling, and, you know, but they’re not quite there yet. So, I feel like, you know, the population was really ready. Like, when they see us there, they’re really happy that were there. And they said, We need something like you here. And a couple of even wanted more recovery specific support. So that’s like different groups or 12 steps or, and that’s, I think, something that we can also help connect with, you know, the recovery community, even outside of recovery cafe.
Unknown Speaker 11:16
Are there any questions? For us? Thank you for calling in. It’s so needed. Yeah. Everywhere. We’re very fortunate that you’re here in our city. Yeah, we love it, too. It’s fun. It’s great. Yeah. And I wanted to bring them in. Because I think what we’re seeing Sarah, chime in, this is really part of the work that you all approved in the budget in terms of the clinicians and everything that we’re doing, because it is it’s hard for us to ride the manager. And then we know we need to do community building. And so in many cases, what we found found as we’ve interacted with residents across multiple properties, is partnering with local organizations to really help us in the community building, really actually will move us to success faster than if we just tried to do it on our own. And so you know, we partner with recovery cafe, the partner center for people with disabilities. Now, again, so the whole point of this is to provide resources to the residents of our properties to help them be more successful in the long term.
Unknown Speaker 12:27
And it’s been interesting to see, I just think, when we look at the number of people who’ve already communicated with many of those are people who don’t necessarily communicate with us.
Unknown Speaker 12:37
And the work and the partnership has actually put us in a better position in terms of working with Doh, and how we’re looking at tenant selection now, for the Swedes, because based on the investment that we’re putting in, whether it’s the city the housing authority, or community partners in this, they’ve actually allowed us and we’re working on shifting tenant selection plans. So instead of coming from a state plan, we’re actually going to be able to pull people from coordinated entry, a Boulder County which many of the folks you may be working with Public Safety’s working for so it’s really allowing us to house individuals in our community that need it so we can continue the journey
Unknown Speaker 13:22
of becoming aus becoming stable and potentially being able to move out at Permanent Supportive into other housing options. So you know, this is the beginning of that we’ve actually started talking if it’s successful, we may need to look at other properties because we have the same issues exist
Unknown Speaker 13:40
under housing
Unknown Speaker 13:47
so all the staff that will be going to the suites all our peer support specialists, what that means is people with lived experience so a lot of our staff even you know have used some of these resources in long line right and so you’re getting to speak with someone who’s been where you’re at and you know has walked in those shoes that really helps build connection build buy in and just
Unknown Speaker 14:18
so I do have a question. So in this this was in our packet the program your programming so you have not this is what you are planning envisioning for in connection with a sweet Serbia implemented No, that’s okay. Start in March you started March so that’s what I was. I was wondering But these are all the steps so the first our second our cleanup, that’s all part of normal process in your other facility. Okay, and this will all be subject to change. Okay. It’s such a unique it’s such a Yeah, new compared to what we do now. And so we’re just going to have to really play with it and determine how do we stay
Unknown Speaker 15:00
To our membership model, and do it in a place where everybody’s living? Yeah.
Unknown Speaker 15:07
That’s part of what we brought him in with our coffee conversation.
Unknown Speaker 15:11
Thank you seeing the interaction that we have with the residents and what we’re doing, to really kind of start getting a sense of,
Unknown Speaker 15:20
you know, the different types of relationships that we have.
Unknown Speaker 15:23
And that was really good for us to see what what the population is, and then in some of the needs, and to really realize, like, Oh, we’ve got to maybe have more than two people, right? We’re gonna have to really make sure we have our peer support specialists ready to go
Unknown Speaker 15:41
and make this successful. And I often wonder how many folks who are already who are out the suites, you know, make the trek over to where your places in downtown? And then if you do, and I think about, you know, anybody who’s in crisis, you know, your own fight or flight mode, you’re not necessarily have the wherewithal to go find
Unknown Speaker 16:04
these Yes. Well, and find, find where you are and what you offer. And so I think, you know, it’s so key that you’re having a presence there. Yeah. Thank you. And that’s really what we’re hoping to replicate across the county if we can. So thank you for letting us. Yeah. Thank you for being our tester. So
Unknown Speaker 16:29
yes, and why would we want to recreate the wheel, right? It’s already here.
Unknown Speaker 16:35
We may come back to you all and say, as we look at Lashley Street Station, or we look at Spring Creek and Fall River asking about us, we may want to say maybe we do something here at these facilities, maybe it’s not limited just to the people that live there. Maybe we open it up to the broader community, because
Unknown Speaker 16:55
what we’re seeing is the Sara can talk about this, there’s a lot of interaction between the residents, that are Housing Authority properties and residents.
Unknown Speaker 17:05
And
Unknown Speaker 17:07
something that’s sort of been nibbling is, I don’t want to be in a position where there’s somebody in the community that can be assistance, just because you live here.
Unknown Speaker 17:17
This happened today, one of our favorite people, he is it vivo? We
Unknown Speaker 17:25
moved over there. And he said, I’m sorry, I haven’t been here. He’s like, it’s just so hard for me to get here. And I ran over to Chris and I said, when were the suites? Can we invite this friend of ours? And he’s like, I don’t think so yet. Yeah. So and for obvious reason, we totally understand, but it does. I love that you brought that up, because I think the community is integrated, not just in the building.
Unknown Speaker 17:50
Yeah, we did see a few people came into the cafe and they were they weren’t living over there. We’re coming to the cafe. Yeah, it’s like, you’d be amazed, though, you know, speaking about like getting Longmont people into, you know, long one supportive housing. Like that’s building community right there because people know each other quite well.
Unknown Speaker 18:13
Thank you.
Unknown Speaker 18:19
Yeah.
Unknown Speaker 18:24
Sorry, you can’t stay.
Unknown Speaker 18:31
Thank you.
Unknown Speaker 18:34
That was great. So now we’re on the lhsaa goals 2023 accomplishments in 2018. Work both areas.
Unknown Speaker 18:43
So
Unknown Speaker 18:46
because we’re not yet far enough, in our dashboards, you all have this as part of your package.
Unknown Speaker 18:59
There we go.
Unknown Speaker 19:01
So
Unknown Speaker 19:04
I’m not obviously not going to go over every bit of this, if you all you can see this, this was we’re looking to the future.
Unknown Speaker 19:18
But I wanted to get some highlights in terms of what you’ll see. accomplishments. So
Unknown Speaker 19:23
you know, the first one is we were modeling and teams able to really work and stacking three federal government sources. So if you remember we had the voluntary compliance agreement that was actually created prior to
Unknown Speaker 19:37
the integration with the city. Many of those were capital improvements needed for ADA accessibility and properties. And so we’ve completed all of that work based on utilizing CDBG funds. artiphys What was the other funding source?
Unknown Speaker 19:59
Anyway,
Unknown Speaker 20:00
are federal funding sources and some were able to do it, we have identified some other projects that we need to make additional progress on. But we’re working to find, as I can rarely be implemented in certain spaces, once we corrected the first issue,
Unknown Speaker 20:15
really making progress on our ADA accessibility issues with all of our property, we sold six, the team name, which was a property for senator for people with disabilities, that was the agreement that, you know, I think the value of that patient will receive 650,000, we reduced it to 500,000. But then they’re going to continue providing services to individuals with disabilities within the Housing Authority properties, they’re also going to come in and do some training for residents to start moving through
Unknown Speaker 20:50
all of our problems and working with this. And that was important, because one of the things that we found, as we’ve, you know, we’re still financially we’re making improvements. But we also don’t have the financial resources to provide a lot of programs on our home. So really, the augmentation of recovery Cafe center for people with disabilities, is really bringing more resources to the residents of our communities.
Unknown Speaker 21:13
We have restructured some supporting service positions, to better serve our residents. So we had a resource specialist. And what we found is that the challenges that the resource specialists were dealing with were beyond a resource specialist. And what we really need was conditions to be on property. Because, you know, Sarah, and I’ve talked about this a lot when when I look at, you know, I think you all talked about the recession or driver in terms of the types of people.
Unknown Speaker 21:44
But I will say is, it’s not just the library, that’s basically every operation that we have these days in terms of the types of individuals that we’re working with. But when I really look operationally, many of the situations that our staff do this with
Unknown Speaker 22:02
primarily a permanent supportive housing that we see it, that all of our properties, is really more akin to what police do was on the streets on a regular basis. So as part of the budget, we all we restructured to have a clinician one position at the streets at all times. And then you all directed the marijuana funding for two other additional conditions that will help with all Housing Authority properties, but community issues. So we’re getting ready to hire those positions.
Unknown Speaker 22:31
Obviously, the metal detector Sarah talked about that. We worked with, you know, a new cleaning company to reduce the total cost of meth contamination. We’ve updated the property tax exemption policy to make LH a ready for income averaging the Adrienne house, which is a city owned property. The agreements made complete, its rent rent, and now
Unknown Speaker 22:56
we’re continuing to make progress on the LH DC asset transfer. Spring Creek is almost complete, we were able to bring in exchange purchased the vehicles that we could handle snowplowing internally versus paying contractors in excess of $600,000 a year to do that. You may hear from plates, we’re still
Unknown Speaker 23:22
working on that, in terms of fine tuning it but we’re making progress, it seems like every storm would get a little bit better.
Unknown Speaker 23:30
In terms of the 2024 focus areas, looking at LH DC, there’s a component where there’s, in order to keep their tax exempt status, they have to accept donations when they become a charitable arm. So we’re working with the LHD seaboard to become the charitable arm for the Lompoc housing authority. So that people can donate money, furniture, things like that into LH DC. So that we can provide that to individuals who move into our properties, in many cases don’t have much beyond whatever they’re carrying their clothes in. And a couple of other things
Unknown Speaker 24:11
that we didn’t try to make a focus on money though. Sometimes people give stuff they frankly have to go away. Somebody’s always best. Yeah, so obviously, we’re gonna be pretty picky. It’s kind of like when you look at emergency management.
Unknown Speaker 24:30
You know, the philosophy that’s in my head is when you’re in emergencies. Donation management is the second emergency that you always deal with because of that very issue. And so we will be very specific and it may be that
Unknown Speaker 24:44
the group that talked to you on the retreat, called ahead that there’s a partnership there, but primarily financial. We talked, I talked to Eric and kintra One of the things that we found in our citywide Community Giving Campaign is
Unknown Speaker 25:00
As many of our staff members will tend to give to organizations that are directly related to the mission that we’re all trying to accomplish. And so next year, we’re going to have hdc into that donation that leads to tax exempt because it comes from the city, then into that, and so that helps us deal with that issue.
Unknown Speaker 25:21
We’re working with the Humane Society partnership for low cost behavior training for support animals.
Unknown Speaker 25:28
Again, not all properties allow animals.
Unknown Speaker 25:33
All properties we have to allow support. And so we are dealing with animal behavior issues and different properties and so forth. So that training
Unknown Speaker 25:42
on it on it.
Unknown Speaker 25:44
We’re also going to be working on a homeownership readiness pipeline for Project nesting as it’s getting ready to come forward. So when we think about the residents that live at Aspen meadows, neighborhoods through the townhomes of 21st, those are individuals that may be the most likely to be ready for homeownership. So we’re going to start working on that.
Unknown Speaker 26:05
In addition to all of that, and you can see more of this, we’re still in that development pipeline, in terms of the projects getting ready to go, So Christmas is gonna open up, and maybe we’re gonna see now
Unknown Speaker 26:18
they’re releasing now I think it’ll be completely ready by
Unknown Speaker 26:24
May or June
Unknown Speaker 26:27
Zinnia is on track, to move forward. And then we’re shooting for closing on all the property, the development agreements by June and then June will start construction on that.
Unknown Speaker 26:41
We’re also having some really interesting conversations about what’s going on name that I’ll be bringing back to you all in terms of some different opportunities,
Unknown Speaker 26:51
potentially our ship.
Unknown Speaker 26:53
So we have all of this ongoing, but we also have a lot of development
Unknown Speaker 26:59
in terms of providing housing in our community. Be happy to answer any questions for you.
Unknown Speaker 27:09
Was wondering, because you mentioned the animals. If I had asked you, several, several months ago, about having million ame coming in and dress, they are actually at the suites and they’re going to do some vaccine clinics there.
Unknown Speaker 27:27
Perfect. Well that shorten that conversation?
Unknown Speaker 27:32
I really already have one scheduled. Good, I guess.
Unknown Speaker 27:36
Yeah. Would it be? And I guess this is up to the board to decide?
Unknown Speaker 27:42
Would it be helpful if they came in, like recovery cafe? Explain what they do? And why would you be interested in
Unknown Speaker 27:53
your name.
Unknown Speaker 27:57
So maybe at some point, when we don’t have a huge schedule, we could have them
Unknown Speaker 28:04
if she really wants to.
Unknown Speaker 28:07
In addition to that, so Lisa is also working with Kaiser Permanente where they’re coming in and doing programs for the residents at different properties. I’m starting to have conversations, UC Health and evaluation, we’re gonna get together in terms of what they can do to come on property and provide some additional resources to the residents of our communities. So there’s just a lot a lot right now moving on what we’re trying to do
Unknown Speaker 28:38
seeker advisory organization has been
Unknown Speaker 28:43
failing to get those that kind of outreach services going.
Unknown Speaker 28:51
For years, especially with
Unknown Speaker 28:58
Is it possible to get
Unknown Speaker 29:03
senior center staff up to this? We were part of what we’re trying to figure out. It’s just I mean, it’s its definition of what we’re going to do. And similar to what you saw with recovery cafe, start small understand it, and then see how we can start expanding it. Definitely.
Unknown Speaker 29:30
Resolution 23 404 But don’t employee I’m sorry, you didn’t occupancy policy.
Unknown Speaker 29:39
Tonight, remotely. So like other housing, property management companies, LJ has designated units for employee occupancy that our lab for our property management agreements. The benefits of this include fostering positive sense of community with the residents in passing the safety and security and keeping a close eye on campus.
Unknown Speaker 30:00
should have the properties and proper response to
Unknown Speaker 30:03
the proposed establishes roles and expectations for employees living on site. If approved by the Board, the policy will be in place for new placements in employee units. However, LG does currently has that living on site. So therefore, some of the aspects of this policy that would require compliance and moving would be not be would not be applied retroactively. So our recommendation is adopted resolution for currently employed on site occupancy. And the fiscal impacts are not as these units are considered non revenue, and it’s already budgeted and approved forth with management.
Unknown Speaker 30:41
Would you like me to go through the actual policy is attached?
Unknown Speaker 30:47
I think that we could probably read that ourselves.
Unknown Speaker 30:50
Because Susan, wants it to be read to them the question?
Unknown Speaker 31:01
So that’s great. Can we have a motion for 20 2404?
Unknown Speaker 31:07
Resolution 20 2404. Second.
Unknown Speaker 31:11
Commissioner, who double very excited about coming, Commissioner Martin was in favor?
Unknown Speaker 31:17
Aye. All those opposed? Passes unanimously.
Unknown Speaker 31:22
Resolution 20 2405, which is to adopt the 2023 C MAP Certification.
Unknown Speaker 31:30
Okay.
Unknown Speaker 31:34
So I’m covering fundraising. So
Unknown Speaker 31:38
every year we have a section eight management assessment, what that is, is management, answering these questions and kind of self sacrificing themselves and gives them points. So you know, if we have a policy for weakness? If the answer is yes, then we can give ourselves four points. And so there are several questions on the scene and that she works through and does some testing. So she will test a certain number of files to see if they pass. The only one that she came, where she couldn’t give us four points was the HQ s inspections. And the three areas that plague us health, health, safety,
Unknown Speaker 32:25
quality, and
Unknown Speaker 32:27
so we do that for every unit every 24 months. So we’re going to be in Unit, make sure it meets all the HTML standards, because those can change. If it doesn’t, and you get a fail, then there’s, depending on the type of fail, there’s a particular turnaround that has to happen. What we were finding, which is testing was that we had a few areas where people had moved out away from their annual was due. And so then it didn’t get done. So that kind of scoring wise, we had issues where somebody was sick at the time of their inspection, and we had to reschedule so we didn’t get it within that 24 month period. And then the other thing we found was a systematic issue. There was permission in our software that allowed our H CV CB specialists to overwrite it, just so they can finish the annual research. But what we found is they finish the annual research, and then it’s actually what gets scheduled. So we’ve shut that down.
Unknown Speaker 33:34
They can’t do the override anymore. So that’s that at least there’s a separate permission for it. So we fixed that. That was the one thing that she had the scores, were still a high performer.
Unknown Speaker 33:46
And she submitted what you see today to HUD.
Unknown Speaker 33:50
And then we get council approval. The auditors will also come in April, and do a bunch of testing before much finals now test a bunch of the same things that we’ll see. See now be certified yourself, they’re going to come in and tested that certify as well.
Unknown Speaker 34:08
And as they have adjustments.
Unknown Speaker 34:11
So what could you have done with the health issues of the inspection that was rescheduled until later? Is there anything that can prevent missing that again?
Unknown Speaker 34:23
I can’t speak to like what she saw or what she tested. But what we did find in the system is that
Unknown Speaker 34:32
they should be scheduling within the 23rd month so that you have that month gap. So I think I think what probably was happening it was so close to the 24 that if you reschedule even a week or two, you could be over the 24 so we’ve put in a system 23 So that actually
Unknown Speaker 34:55
was on the 23rd a month and then she we also found
Unknown Speaker 35:00
Just this week, a way to batch those, so that she can batch them ahead of time. So it’s already in the system and it’s ready to go. They weren’t batching them before, they would just kind of do the basis which was to meet. But we can batch it a year in advance, or two years, if it had it that month, and we can match it for that next, that next period. And so would that go for the same when someone is moving out as well?
Unknown Speaker 35:28
How does that
Unknown Speaker 35:30
sound? I don’t know. Because, you know, a lot of the times, we don’t
Unknown Speaker 35:35
we get told, money gets to the landlord, and the landlord tells us, hey, this person moved out. So by that time,
Unknown Speaker 35:45
there’s that situation going on. And so they can be scheduling an annual inspection and they don’t.
Unknown Speaker 35:53
Because it’s, it’s their responsibility to let us know they moved. And so if they don’t let us move, or they don’t tell us, tell us, then we’re kind of
Unknown Speaker 36:07
there’s really no way to fix that.
Unknown Speaker 36:11
And it happens all the time. I can’t tell you how many times we’re, we’re sending money to landlords and then having to pull it back or pay us back. Because the person’s already or they’re just no longer there.
Unknown Speaker 36:27
It
Unknown Speaker 36:28
sets me back into that mess. Sent me now we’re talking about a different issue. But we average about 10,000 connects and disconnects on utility every year, every month.
Unknown Speaker 36:40
So there’s a lot of movement in and out.
Unknown Speaker 36:47
The broader system, generally stuff that’s happening, they’re just kind of take their percentages and markets. The we know, there’s a lot of folks that
Unknown Speaker 36:57
can tell us this
Unknown Speaker 37:00
story.
Unknown Speaker 37:06
Looking at these ratings, done pretty darn well. Yeah.
Unknown Speaker 37:11
That’s great.
Unknown Speaker 37:14
So we need a motion to move resolution 20 2405.
Unknown Speaker 37:22
Second,
Unknown Speaker 37:24
moved by Commissioner McCoy, and seconded by Commissioner Yarbro.
Unknown Speaker 37:30
All those in favor? Aye. All those opposed? It may have been 10,000 at your center
Unknown Speaker 37:37
on the disconnect.
Unknown Speaker 37:47
Do have a look?
Unknown Speaker 37:50
I should imagine 10% of the entire city moving?
Unknown Speaker 37:55
Oh my god.
Unknown Speaker 38:00
1000 a month? Yeah. A lot of movement, even about 1000 a month. That’s a lot. And
Unknown Speaker 38:08
when I look at the rate that they’re receiving now, you know, back when we had taken over the Housing Authority my first few months on the council even in it just like how much this or this organization has changed. We still have
Unknown Speaker 38:30
assented overcrossing updates on funding, the early childhood education. So So I wanted to talk to you all, if you’re looking at in your packet is about cheap. A few things I want to address. So we’re getting to DNA.
Unknown Speaker 38:44
And DNA is going to be made to Jewish in terms of getting the funding. And so when you look at it, so we went to DLH for their transformational fordable housing grant, we are requesting 3 million there’s been a letter of intent that we were told not to apply.
Unknown Speaker 39:02
We asked for 750,000 for the cause. And we got 150,000
Unknown Speaker 39:08
We’ll talk to you all about the ARPA interest income putting 525,000 there. We’re still working with both the Colorado Health Foundation and our Community Foundation.
Unknown Speaker 39:21
We submitted the application. So the conversations with the Walmart Community Foundation is they want to do it in terms of loans. And that doesn’t work with financing the building itself so we’re still talking to them about that.
Unknown Speaker 39:37
And then we’re waiting on the Colorado Health Foundation. Repenting response I think that we
Unknown Speaker 39:45
hope to have that in April May timeframe for the Community Foundation.
Unknown Speaker 39:51
And then we’ve asked for 300,000 for the Boulder County sustainability tax allocation. That is where the distributed energy resources were
Unknown Speaker 40:00
In prepared, but that helps toward the total cost of the project. So, early childhood education.
Unknown Speaker 40:08
So we have a lot of requests out there. But we’re really still just waiting to get answers on that. One of the things that we’re starting to explore is, if we’re not able to get the full funding to completely build out the Early Childhood space, can we get enough funding to core and show the space and then come back in to build the space as we’re able to
Unknown Speaker 40:34
step ended that, that project. So just wanted to let you know, we’re going to continue to work in to try to find additional funding, and
Unknown Speaker 40:44
we’re going to have
Unknown Speaker 40:46
remains really that deadline for us in terms of how it impacts the construction project.
Unknown Speaker 40:56
So what can we as commissioners do, I mean, should we start writing letters are there you know, people that you think that would be beneficial for us to reach out to,
Unknown Speaker 41:07
you know, if you know, people that are in the world, or early childhood world that may be willing to do this, and you can reach out to them or the snow to see who may be interested in I did
Unknown Speaker 41:21
actually ping Stuart Foundation, again, our late last week.
Unknown Speaker 41:28
And I think there’s there wasn’t interest in arranging or we did hear from them. I was able to talk to Jim Newcomb, about this, and I think he’s interested in it now. Also, because what a lot of people have known is that property, much of that was actually owned by the steward. And so radio station in that tower, that’s the original tower location. And so that’s why
Unknown Speaker 41:54
certain radio stations in Denver, they’ll say different online, that’s because the tower there. So there is a connection to Lila on this one. So we are
Unknown Speaker 42:04
I gotta get Jim some information on what we can use. But it really is just helping us by potential revenue sources for this
Unknown Speaker 42:15
early childhood education center.
Unknown Speaker 42:19
So I noticed that the ARPA interest income of 525,000, you
Unknown Speaker 42:25
this is interest of our original Arca dollars. So we still have those are the dollars, this is just the interest. We have some of it, this is an interest that we’ve learned because some of those dollars are allocated to other projects. Okay. And so I’m asking for another run on interest again, to see what we have available. I mean, come back to the council is this, can we push more money into early childhood?
Unknown Speaker 42:56
there any other questions or comments?
Unknown Speaker 43:00
This is a really important, very important, what we what we need
Unknown Speaker 43:08
to remember, the reason why we can’t put it as part of the project is because that project is not an unqualified consensus strategy, which means you can’t put it in the basis of the project under the tax credits. It was in a qualified census tract, and you couldn’t include it the basis and you can use the tax credits to support it.
Unknown Speaker 43:29
And the reason we’re here is because we own the product, the property
Unknown Speaker 43:34
which makes it affordable or give
Unknown Speaker 43:37
it
Unknown Speaker 43:39
Susie, I liked your
Unknown Speaker 43:44
I like your app. I liked your ask about what we could do, rather than just listening to
Unknown Speaker 43:49
work harder.
Unknown Speaker 43:53
Yes, yeah. Okay.
Unknown Speaker 44:00
Any other questions or comments on the ascent?
Unknown Speaker 44:05
See, now we’re gonna move on to the interim executive directors report development updates. So I gave you most of the development updates.
Unknown Speaker 44:14
In terms of where we’re sitting we are I know I’ve talked to Eric and we probably are getting close to where we want to schedule a tour to and I’m seeing it both with the Advisory Board and the
Unknown Speaker 44:29
and this board kind of going through those properties. And I haven’t even had a chance to go to Chrisman yet to see other than moving around it I haven’t been in it. So see Chrisman
Unknown Speaker 44:40
is any other getting ready actually to start putting in?
Unknown Speaker 44:46
A lot of electrical plumbing work in there. We’re actually looking at partnering with them or running an RFP right now for security services that are
Unknown Speaker 44:56
part of what we’ve seen in the suites is that we
Unknown Speaker 45:00
Yeah, we tried using building attendance and it didn’t do what we wanted. And we know that security is really important for that facility.
Unknown Speaker 45:08
Probably more so from the people that not not necessarily the people that live there. But from the people that do live, the people that live there challenge with other folks that aren’t in the area. And so when we talked about things like folks struggling with recovery and other issues, we know that people are moving around that property that are not the best influences for our residents. And so the security is is much
Unknown Speaker 45:37
check from the outside influences is it is inside, more so
Unknown Speaker 45:43
because what we’re finding with a lot of programs, we’re doing right better able to manage the progress internal to the properties. Now, that being said, we still see some significant issues. And it’s not just their proceeded amount of properties. But we’re starting to talk with Element Properties about the system and some of the funding this year, because it’s important that they have security, once you start putting in expensive stuff into the units. One of the things that we’ve seen most
Unknown Speaker 46:11
apartment construction these days are having to pay for security services during the construction cycle. Because the amount of depth that we’re seeing at all the properties
Unknown Speaker 46:25
again
Unknown Speaker 46:31
oh
Unknown Speaker 46:36
few game types of crime.
Unknown Speaker 46:40
There was there was an apartment complex that was being built. And this was not an affordable This is a market rate complex. They lost a year on construction, because somebody went in and stole the standpipes for fire service. Oh, my God, I don’t have a lot of the units. And so the Afghan construction site is really becoming a significant issue for us. And so we’re trying to get through the RFP on security to help with construction as any other make sure we have people there that come on under that it’s not unique to our projects, it’s
Unknown Speaker 47:13
across the nation.
Unknown Speaker 47:16
We’re excited after commercial fire that people who were had already.
Unknown Speaker 47:25
So yeah, copper, anything copper anything’s to do.
Unknown Speaker 47:31
And
Unknown Speaker 47:33
so we’re working through that Sarah can talk about, we’re getting ready to finally hopefully implement cameras, which would be part of the solution.
Unknown Speaker 47:41
Then, obviously, ascent is really gearing up to close, mid year, start construction on that next, the 123123 and four bedroom units that we’re building. And then we’re starting to talk about another project that we need to
Unknown Speaker 47:58
we’re having some meetings to understand the different financing structures and what we can do.
Unknown Speaker 48:04
I think it actually is probably a better approach for us. But I need to meet with our financial advisors to understand the risk, and then we’ll be bringing that back to you.
Unknown Speaker 48:14
Long term, it gives us a lot of options that we wouldn’t have other other state programs are really intriguing to when we do this. When we look at the development cycle, we’re looking at Kinder spend balance sheet, and we’re starting to program and when we need construction to come in and impact fund balance so we can continue to boost fund balance. But it gives us the ability to use the funds when we need to pay for security.
Unknown Speaker 48:42
We now have money that we can actually tap into to do that versus before when we were
Unknown Speaker 48:48
looking all over the place and under the cushions for funding. To be able to find it we now know that we have a robust and fun balance to help us deal with situations and then also on the development side really strive to try to target a timeline on the logical Hearthstone and Tim, when we can kind of convert out of the two or two programs into
Unknown Speaker 49:13
about your program. That’s probably not going to be 25 I think it’s going to be for 25. When we can do that based on the workload. I’m going to hit a couple of other points.
Unknown Speaker 49:25
We were able to hire
Unknown Speaker 49:29
some positions on the housing side. So Lauren Seeley who worked for GE she’s actually on the advisory board
Unknown Speaker 49:38
that has worked for Boulder County Housing Partners, has accepted the assistant director role.
Unknown Speaker 49:47
Christy Wiseman has accepted the other housing role. So we are now
Unknown Speaker 49:53
pretty well staffed compared to where we were moving forward a
Unknown Speaker 49:59
lot of change
Unknown Speaker 50:00
Right now just staffing wise in the housing world, every city is now starting to create housing programs. And so there’s a lot of competition with physicians.
Unknown Speaker 50:11
In terms of the amount of jobs that are being posted for housing, it’s pretty cutthroat right now, I think it’s good to, to have hired the Boulder County person, because that knowledge that she would bring as to what’s going on in the county, and what’s available in the county, is very, very helpful.
Unknown Speaker 50:32
Hopefully,
Unknown Speaker 50:34
that’s part of understanding the backdrop and what’s behind it.
Unknown Speaker 50:40
And so then, as part of that, Molly and I participate in conversations with a group on the housing side or related to the Affordable, attainable housing tax, and are starting to throw, how we think the money should be divided and really wanting to replicate what we did. And we’re recovering in terms of how we manage that process.
Unknown Speaker 51:06
You know, maybe you allocate some based on per capita, but then you allocate some based on projects. And so I am having some really good conversations with the county staff in terms of work. So all moving forward, and
Unknown Speaker 51:22
just No, any people are cherry picking our staff, when they get a chance.
Unknown Speaker 51:27
On the housing side, especially all housing is
Unknown Speaker 51:33
like a ton of bricks.
Unknown Speaker 51:37
That’s what happens when you’re really good at.
Unknown Speaker 51:41
Yeah.
Unknown Speaker 51:44
Thanks. That was good. Update on operations Occupancy Report.
Unknown Speaker 51:52
See, we didn’t have to drop in occupancy. As long as that is based at the suite, we did have four elections in January that were executed, they were granted in November, December, but we were able to have assurance about
Unknown Speaker 52:04
execute those. So that did cause a drop in occupancy. But we do have four pending movements right now waiting, the motion is just to be made readily ready. So we can get those people in pretty quickly. Can we ask the question of the evictions is this new bill, if it passes going to
Unknown Speaker 52:21
be a problem for the suites or any of the affordable housing units. So
Unknown Speaker 52:27
probably the good news about not taking the position is it’s been amended like crazy right now.
Unknown Speaker 52:35
So I got the
Unknown Speaker 52:38
uptake version, at least to where it stands today. And there’s some really good things that are starting to change into it. And so Sandy and I are scheduled to get together hopefully later this week and bring that back to council. But many of the
Unknown Speaker 52:58
so we have some folks from InstaBuilder. Eco, he’s counting
Unknown Speaker 53:03
that we’re we don’t understand it or get the respect.
Unknown Speaker 53:07
But we were really clearing in is it’s the intended consequences on the broader, affordable, attainable housing stock that we were concerned with.
Unknown Speaker 53:18
So a preliminary look at many of these things, I think are being addressed to
Unknown Speaker 53:24
you, instead of saying you can’t evict or you can just lease or do things that are saying you can,
Unknown Speaker 53:33
but you just need to give them 90 days to find a new place to live. So they’re starting to bridge the unintended consequences that we were seeing. They’re talking about the quality of life, you know, what do they call it the
Unknown Speaker 53:48
we have
Unknown Speaker 53:52
weeks, the quiet enjoyment and joy property, we’re starting to bring some of those components into it to really reinforce it but you know, operationally where it would have impacted us is that in the world was impacting all it is it was going to force us to go eviction only.
Unknown Speaker 54:15
versus what we currently do is we negotiate a lot of settlements before we go into eviction. And why that’s important is because when you go through the eviction process that’s right. And then people can’t find a place to live with that was our worst fear.
Unknown Speaker 54:34
But we will be bringing that back seat, but it looks like it’s in a better shape than
Unknown Speaker 54:41
I do that a lingering fear about it. You no longer qualified deed restrictions like if your income is too low, guess what we do it that and that
Unknown Speaker 54:54
just means you have to pay.
Unknown Speaker 54:57
Okay, so they didn’t seem like there was a cop on Exam.
Unknown Speaker 55:00
Before
Unknown Speaker 55:04
the change, and that’s a conflict.
Unknown Speaker 55:07
So you know the state, they’re trying to say, well, you need to do this, if you no longer qualify financially. And if you have project based vouchers on that particular unit, or you got the tax credit issues,
Unknown Speaker 55:22
then then there’s a conflict. And then
Unknown Speaker 55:26
I don’t know that the state can override HUD requirements. That’s why I asked that question.
Unknown Speaker 55:33
Yeah, that’s a political view.
Unknown Speaker 55:37
funding coming in. So there’s still a lot more work to do. But they aren’t making any adjustments. Sorry, I
Unknown Speaker 55:47
don’t have really any more updates on that. We are moving through some of these messy events. He did talk about the investment combination company, we found, we have our second unit testing right now that we typically would have had to rip out the drywall and part of the bathroom. But we are very hopeful it looks like they will be able to clean it with their system where we don’t have to rip out. So that unit will be online, a lot less than previous. And most expensive, a lot less especially. So it actually came in, we had three bids, and including this new company, and they were actually the lowest bid with the lowest turnaround time.
Unknown Speaker 56:26
And you didn’t have the demotion.
Unknown Speaker 56:30
For Diane’s
Unknown Speaker 56:33
information, can you say once again, the the amount that it cost to remediate, fully remediate, remediate?
Unknown Speaker 56:47
The highest to the lowest cost about 120.
Unknown Speaker 56:53
Or a one bedroom unit, we’ve seen something close to 200.
Unknown Speaker 57:01
I think it was.
Unknown Speaker 57:04
That was that was available.
Unknown Speaker 57:08
Numbers.
Unknown Speaker 57:11
- You know, when you do typical demolition, I would say between 120 and 150, you can see it go as high as 200. And even the cleans are like 10 to 20. So
Unknown Speaker 57:25
system was really
Unknown Speaker 57:31
well, the unit they’re testing right now is a one bedroom. Typically, for a unit testing the same, we would have spent 20 to 30,000 on demo, they are saying it was the tip of 1000 Just over 8000
Unknown Speaker 57:47
savings. That’s why we’re doing
Unknown Speaker 57:51
that on top of this new company. So part of it is what would you say you know what, you know, in math for me,
Unknown Speaker 57:58
it was really dug spite that introduced us to this company, because they’ve been doing it in springs and Pueblo for a long period of time.
Unknown Speaker 58:06
And they use some technology that’s part fire, smoke removal, special removal. And so they’ve combined this process.
Unknown Speaker 58:17
Well, what we didn’t notice, a lot of times the companies that were coming in and saying here’s a bid, but then they were just saying can’t clean it, we’re gonna do more, we’re gonna remove it, which is then adding to the cost. This company’s like, Yeah, we don’t have to do that. And we even gave them we gave them examples of where people were essentially condemning
Unknown Speaker 58:36
air conditioners and heaters. We you’ve gotten slower.
Unknown Speaker 58:41
So it’s a it’s a paradigm shift in the market. And Northern Colorado, they’re actually moving or they’re gonna open up location. And
Unknown Speaker 58:50
so we’re testing them because at a certain point, if we find that this works, and you don’t have to go through all that demolition, like the individual that came to council who had the huge expanse, we’re gonna start saying here, we can’t recommend that we can say here’s our experience
Unknown Speaker 59:09
as a Housing Authority, because that really could be a game changer for the naturally occurring, affordable housing.
Unknown Speaker 59:18
The move in the long run because it’s centrally located or expanding.
Unknown Speaker 59:26
I just wanted to hear that they were expanding because he thought, wow, we’ve got a great market.
Unknown Speaker 59:35
There you’re right, they have an office in Greeley and then they kind of want to get this area in the front range. So like really, they’ll probably take
Unknown Speaker 59:44
Fort Collins and maybe we’ll take
Unknown Speaker 59:48
you know, probably score so
Unknown Speaker 59:51
up to this area, and they just have a different model.
Unknown Speaker 59:57
currently pending this the three testing results
Unknown Speaker 1:00:00
So
Unknown Speaker 1:00:02
if it doesn’t work well, so I will try to find a difference, right?
Unknown Speaker 1:00:07
Yeah, fingers crossed proposals. It’s even below the our testing company was amazed at what they could do on a low level unit. And as fast as they could turn it around and get a claim back to us and it’s seeing my stack a lot of work is we’re used to getting these units back after just being clean with all the texture taken off the wall.
Unknown Speaker 1:00:27
That’s what they have to do is remove all that film, and we’re getting the students back where we can turn them over in two, three days. Because the texture is not taken off the walls, we don’t have to go back in and texture paint, and everything is just a touch up paint, and lightweightness and get it back on the market.
Unknown Speaker 1:00:44
So to give you an example, it’s not only the cost of the remediation,
Unknown Speaker 1:00:48
it’s the loss of revenue. Well, you can’t put someone in in some of these many years.
Unknown Speaker 1:00:57
Good.
Unknown Speaker 1:00:59
So it’s your occupancy.
Unknown Speaker 1:01:02
Let’s go on to the fourth quarter accounts receivables.
Unknown Speaker 1:01:06
So in September of 2023, we owed about, we had about $68,000 on our accounts receivable of that about 28 27,000 was reduced in December. But a lot of that was due to the past two analysis. So it’s the past due balances, moving through the 30 day 60 day 90 Day transition, not getting a prepayment plan and say Metacritic collections and writing.
Unknown Speaker 1:01:34
What I noticed on a monthly basis is it’s it’s random tenants here and there. So this tenant in January might not be able to pay but gets cashed up in February. So the current tenant balances didn’t really fluctuate as much, you know, there was 9000 nodes in September 2000 node in December. So it’s just it’s gonna be that fluctuation depending on evictions happen, and we’re tenants are at the process. But there’s nothing that’s like red flag.
Unknown Speaker 1:02:06
It’s just the evictions take longer. And so if the person is not paying, you’re just accumulating more of those costs to write off, we’ve put about over $400,000 to collections, and we have not seen. So
Unknown Speaker 1:02:23
I don’t know that we ever will. But we’re kind of monitoring that to see how much administration that is to send to collections if nothing’s happening on both sides.
Unknown Speaker 1:02:36
Speaking of evictions, I forgot to.
Unknown Speaker 1:02:39
So in the advisory board, you all appointed Advisory Board member who’s the mediator as well, obviously, he doesn’t handle anything that’s on the housing authority side. The one thing that was really interesting, that he mentioned to me is rarely do we affect for failure to pay, because we’re able to work with folks. And again, the most important things keep people housed. And so we work with folks in different ways where we have a mutual rescission during the campaign, you don’t have to
Unknown Speaker 1:03:10
what shocked me is he goes when I see the housing authority on the docket, because these are significant issues.
Unknown Speaker 1:03:19
It goes when I see everybody else that’s on the docket, he goes, it’s more minor issues and failure to pay and things like that. So
Unknown Speaker 1:03:27
for me, that was really reaffirming that the work that we’re doing, you know, where the rubber meets the road and working with our tenants is that our managers are working at a different level. And to kind of give you a sense of what what we’re challenged with, and where we’re trying to think it’s a new book, just generally, probably properties.
Unknown Speaker 1:03:47
I can talk about this to managers,
Unknown Speaker 1:03:51
whether it’s private multifamily property,
Unknown Speaker 1:03:55
or it’s in public, for
Unknown Speaker 1:03:58
your managers to dictate
Unknown Speaker 1:04:01
how those properties really function, part of the broader community. We’re going to think about how we can start talking to folks.
Unknown Speaker 1:04:17
Okay, and I think to the fourth quarter in financial Cisco.
Unknown Speaker 1:04:23
So I’ll just kind of go over some highlights if there’s any questions, just let me know. But what I did try to do is highlight the problem areas for each property.
Unknown Speaker 1:04:32
Our biggest problem area was our vacancies.
Unknown Speaker 1:04:36
That was that was the most over budget, we weren’t on most of our properties. And a lot of it’s due to either units that have been vacant for
Unknown Speaker 1:04:47
a very long time. There’s several of them that are that way. We also have issues with getting our 50 and 60% units housed.
Unknown Speaker 1:04:56
We’ve done a lot of calls and just
Unknown Speaker 1:05:00
wasn’t affordable for the people that were on our waitlist. Maybe it’s something that was a year or
Unknown Speaker 1:05:05
so. And that was an MSA. It was it was one of those big issues is that we couldn’t get those once passed.
Unknown Speaker 1:05:14
I think this month, we had four tickets for that one. So I mean, we’re already starting to year off with some pretty large vacancies. But hopefully, we’re on the pathway we tried. So we go with the waitlist. But then if we don’t have anybody on the way that’s we’ve started started outsourcing into the papers, and other agencies to say, hey, we have these units available.
Unknown Speaker 1:05:37
And I know you’ve gotten responses from them as
Unknown Speaker 1:05:41
well, because we’re doing it before he started speaking harder to read unit tests, because we have
Unknown Speaker 1:05:46
that flooring in the units that we’re working through an insurance unit with for PLA and some patches, but few of our units are hard to read.
Unknown Speaker 1:05:57
So the other the other things you’ll see are insurance costs. So you’ll have insurance repairs monitor it’s repairs, because as you know, we do have some natural limits, if it was claimed, before August 31, that it moves are old policy, which still have the byproduct coverage as of September 1, to provide coverage away so we no longer have enough coverage. So any math units are going will be a full cost. And most of like if it costs 120,000 To fix the unit, it would completely deplete our reserve balance for that
Unknown Speaker 1:06:38
$81,000 What
Unknown Speaker 1:06:41
a 370.
Unknown Speaker 1:06:45
So in some cases, we’re we’re already strapped, it’s
Unknown Speaker 1:06:49
asking neighborhood correction, partnering with Habitat for Humanity
Unknown Speaker 1:06:55
to come in and help us do some of the work with kids that’s cutting the expense down in terms of rebuilding communities.
Unknown Speaker 1:07:04
The other areas that you’ll see some bad debt expense is pretty high. A lot of that is due to methods. That’s where you increase your revenue by putting all the tenants Ledger’s that say they owe it but then you’re writing it back off. So it’s kind of a wash. But when we don’t budget for that high dollar.
Unknown Speaker 1:07:25
And then there are there are a few properties that have pretty high legal costs. And that’s just tenant issues, along with evictions. evictions are costing
Unknown Speaker 1:07:40
a lot harder. So those are the key points of the financials. Do you guys have any questions?
Unknown Speaker 1:07:48
Spring Creek is in deficit,
Unknown Speaker 1:07:52
they are all pretty much look like they’re in a good set. That’s what kind of happens in December. So in December, we record the depreciation. So we record all the non operating items, which include depreciation for their entire portfolio along with adding the accrued interest from loans that are on the property that are not really actually getting paid back unless you have cash flow. And they’re in that cash flow waterfall for close to. But that’s just kind of how the blighted properties work. And we don’t do those till the very near end, because it can skew the financials for marketing managers, they may not think they have money, but they actually do. So as a lot of the non operating that gets booked. And we’ll see probably the most practical, it’s like they have a net loss. But that’s just due to those non operating transactions.
Unknown Speaker 1:08:48
And so when you will see the budget, you see more of the operating budget, because we’re really looking at what we know versus bringing the depreciation in. And that’s the tax credit component because that’s when the investor
Unknown Speaker 1:09:04
gets that value
Unknown Speaker 1:09:06
when it
Unknown Speaker 1:09:08
provides the tax loss for that. That’s what it provides
Unknown Speaker 1:09:18
some self in safety updates
Unknown Speaker 1:09:23
vouchers
Unknown Speaker 1:09:27
so we do have we do have the vouchers.
Unknown Speaker 1:09:32
This is I can do it quick.
Unknown Speaker 1:09:35
Yeah. So
Unknown Speaker 1:09:38
so this is our two year old athlete. So we’re still kind of in the hasn’t crossed over yet. But what we’re looking at is by the end of this year, that we’re going to have to deplete our vouchers
Unknown Speaker 1:09:52
down to about 412. We ended the year at 426. And the reason we’re going to have to reduce is
Unknown Speaker 1:10:00
We’re gearing up to provide the BBB vouchers for the village place.
Unknown Speaker 1:10:10
We still get caught up with that. So that’s kind of where this is at and what this tool does, unless HUD gives us more money, which we will find that out until March, April timeframe, and if they give us more money than we might be able to vouch for, whereas we’re at a standstill, right now, we won’t be able to do any battering up. And we’re actually counting on our attrition rate, which is we lose anywhere from three to four vouchers a month.
Unknown Speaker 1:10:35
And we’re counting on that to be able to add all 80 In October, that was on me, for the PBS.
Unknown Speaker 1:10:44
So if there’s something that the commissioners can do for us.
Unknown Speaker 1:10:50
And we’ll bring you back something that maybe working on our congressional delegation.
Unknown Speaker 1:10:57
Maybe talk
Unknown Speaker 1:10:59
about getting some more funding on the on the voucher side. Originally, we couldn’t do that, because our performance is horrible.
Unknown Speaker 1:11:08
The performance now, I mean, we’re a variety of fully utilizing the files within the scope of the two, which is typically an indication
Unknown Speaker 1:11:18
that you need more money. So we’ll we’ll get you all that information, especially for those going to Nationals
Unknown Speaker 1:11:27
that are going to be professional delegation is to really kind of talk this up, because I think our performance now speaks for itself.
Unknown Speaker 1:11:36
We need more money, because then as rents go up, and we’re paying.
Unknown Speaker 1:11:41
Well, fair market rents. So that’s another reason that the equation, the fair market rents don’t always $200 per unit.
Unknown Speaker 1:11:49
So as we start to see that it’s to Reagan disk, but could you make it one, one page so that we can quickly quickly give them that specific? So the thing is, he’s going to be very brief. With his
Unknown Speaker 1:12:08
get I asked thing, it was effective.
Unknown Speaker 1:12:13
We might see.
Unknown Speaker 1:12:17
So this was the first year we actually tapped into our reserves, about $150,000. In prior years, we had contact,
Unknown Speaker 1:12:25
barely.
Unknown Speaker 1:12:27
So this is definitely not your duck. But now it’s like you play the game.
Unknown Speaker 1:12:32
So yeah, we need a reserves.
Unknown Speaker 1:12:37
Is there any specific type of actors or disadvantage, not just
Unknown Speaker 1:12:42
housing choice vouchers.
Unknown Speaker 1:12:49
And the more vouchers we increase the more people used to because it’s based on the percentage. So
Unknown Speaker 1:12:56
we’re going to be pretty capped out on PBS. So for the other agencies come to us for a bachelor’s, because granting a captain as they explore matters.
Unknown Speaker 1:13:09
And you notice a certain extent that may be part of conversation county associated with the broader housing project, because we know about 50%. And our vouchers are involved
Unknown Speaker 1:13:20
to these
Unknown Speaker 1:13:22
four numbers, Oh, nothing, double, they haven’t doubled the funding we do. So
Unknown Speaker 1:13:30
we’re at 512 1000 are here. So maybe we started talking to the county about getting some of their project based voucher capacity to help with some of our projects. So we’ll be bringing that back to you.
Unknown Speaker 1:13:52
And I’ve mentioned if they don’t like an idea.
Unknown Speaker 1:13:55
My point is, I mean, if we weren’t occurring if they’re here and we’re occurring with a broader expenses associated with them, I think there needs to be some recognition of that for a
Unknown Speaker 1:14:08
while or they’re giving the PBV to other cities in the county
Unknown Speaker 1:14:13
because I don’t think they have that many projects in Boulder just will be Corolla County, I think they’ll be project they have visibility corner right now. And they’re having their own. I think they’re having their own issues and projects and expenses. And so, you know, I think it’s just a good conversation. Yeah, it is.
Unknown Speaker 1:14:36
Okay, all right. So we are this close to purchasing our camera equipment.
Unknown Speaker 1:14:45
We’re literally as Tracy has been out for a little bit so we are waiting for a few things for her to show up and we’ll we’ll be purchasing our camera equipment. And we are purchasing, I think maybe we mentioned so
Unknown Speaker 1:15:00
So maybe not maybe it’s new. But we are purchasing two math detectors to put it to have our properties that we know have really good signal strength.
Unknown Speaker 1:15:11
That will be village on Main. And
Unknown Speaker 1:15:15
the Hearthstone. I was out of both properties today, and we’re getting very good signal strength and both.
Unknown Speaker 1:15:24
So that is the update for the two. And that that means we’re still really in the testing process like we know they work. We want to verify that this is the issue that be the carrier, it connected the issue.
Unknown Speaker 1:15:39
has an arrow that mentioned we are moving forward with getting that security contract done. We submitted that to procurement today.
Unknown Speaker 1:15:50
And we should have an answer by the end of the week, I would expect. So we moving forward that which will definitely help the other things we’re talking about Zinnia.
Unknown Speaker 1:16:03
Cameras, which is there’s another piece to that that we’re trying to solve under federal procurement rules for the video management system. But then the security company while they’re at the suites and Zinnia, they will have access to the cameras at the other properties. So they’re going to be managing looking at those cameras at night. So instead of having them physically leave, they’re going to be managing
Unknown Speaker 1:16:30
security on all the properties. It’s very beneficial.
Unknown Speaker 1:16:36
Though, as far as Resident update updates go has been the key word because I’ve been saying this week.
Unknown Speaker 1:16:44
We’ve had a few
Unknown Speaker 1:16:47
Well, I guess, you know, thanks to Lisa talking to MHP quite a bit, they definitely stepped up to working more with the residents that we’re seeing significant calls for service on. So they’re, they’re coming to the table, which is
Unknown Speaker 1:17:02
about time. So
Unknown Speaker 1:17:05
we also have that ROI that it’s been worked on for months by Edie Feaster going out to the hospitals getting the school district, like you name it, that it’s listed on there for an ROI. So we can really wrap around these folks that are having significant issues.
Unknown Speaker 1:17:26
And then lastly, Harold mentioned we’ve briefly talked today about what can we do? You know, and I have to say this and don’t say that because I’m sitting here, but the reason why we do not see
Unknown Speaker 1:17:40
the issues at the management level, because because of the managers and the quality of the people that are working for Lhh. across our community, I can honestly tell you, we’ve had some significant issues in the last six to six months to a year with having no managers on site because they’re there. It’s a very transitory like I’ve been doing this for a very long time. And I end up seeing managers bounce around like, Oh, hey, it’s good to see you at this place now. But literally, they’ll not have managers for a year on property. And that is caused some other definite issues in these huge apartment communities here in Longmont. So, moving forward. I’m brainstorming with Dave Kennedy on how we can literally go when we know there’s no manager for a significant amount of time. And even we’d be more preventative in the fact that if we know we’re going to have some absence, what can we do, you know, go into the regional corporate level for some of these folks, we don’t have these problems and we have a local not necessarily live local. But if we have someone in Colorado, say we live in Broomfield they own property here in Longmont, we do not see those issues, it’s to face these corporate level that cannot maintain their staff. So we we are wanting to look at that at a more broad level because it’s affecting the rest of our community. But for LA che we’re doing we’re doing very well minus one manager but we’re gonna get back in the game and
Unknown Speaker 1:19:17
ensure we have a quality person to take over that spot
Unknown Speaker 1:19:22
that can handle that work.
Unknown Speaker 1:19:26
So maybe putting in zoning should not okay, any property that does not have local manager
Unknown Speaker 1:19:38
but I think you know what,
Unknown Speaker 1:19:43
we were kind of talking about this because what’s interesting is when we look at and it’s a deviation, but it’s connected. When we look at hotels that were having problems
Unknown Speaker 1:19:54
or
Unknown Speaker 1:19:56
multifamily units were having problems. The comment did not
Unknown Speaker 1:20:00
Data is bad. And so
Unknown Speaker 1:20:04
as a counselor, we’re going to read they’re going to be probably have a study session on something that deals with hotels that kind of lets us attack that a little bit.
Unknown Speaker 1:20:15
But Sarah doesn’t know is when she left my office. I started wondering, could we do something similar on multifamily environments based on if we’re seeing an excessive number of calls for service, in terms of is there something that we can do there that can put more emphasis on the owners to start engaging on the problem versus it just being a public safety response? Or whatever it is, and so
Unknown Speaker 1:20:43
then
Unknown Speaker 1:20:45
in amount of combinations right now, that code has around our communities is huge. So it would definitely talk about staff.
Unknown Speaker 1:20:55
If you think
Unknown Speaker 1:20:57
about the issue that we’re talking about, exist, Oh,
Unknown Speaker 1:21:01
yeah.
Unknown Speaker 1:21:05
I
Unknown Speaker 1:21:07
think that I may miss this. But we all got
Unknown Speaker 1:21:13
a party L L is closing
Unknown Speaker 1:21:16
confidential costs.
Unknown Speaker 1:21:20
And then division. More said what happened? We have not so we have not heard. I’m working very closely with Pharrell Super Eight and Lamplighter. We have not heard back from borrow I do know that the owner is he got his own. I
Unknown Speaker 1:21:41
can’t even remember the term but
Unknown Speaker 1:21:44
help me out here. The Certified Hi Janice. Thank you.
Unknown Speaker 1:21:48
I guess his son is in a restoration business. So he and his son are working on it and code enforcement or public safety of her back from junk. We’re expecting to hear back and still fit stuff
Unknown Speaker 1:22:03
going on. So
Unknown Speaker 1:22:06
one of their employees who was either an I can’t remember he was either a
Unknown Speaker 1:22:13
security guard for Burrell and
Unknown Speaker 1:22:18
yes, no. No talking
Unknown Speaker 1:22:22
later
Unknown Speaker 1:22:25
so no news on borrow no news
Unknown Speaker 1:22:39
a lot of people care about those basket
Unknown Speaker 1:22:48
parenthesis hadn’t been dropped.
Unknown Speaker 1:22:51
Now before those before any, I mean, we go through the same thing before you can reoccupy any of these facilities. It has to be okay, but over counting
Unknown Speaker 1:23:04
times we’ve had to retest and retest and
Unknown Speaker 1:23:09
many other questions for me, well, I guess just close my parenthesis. So the that the answer is we don’t know anything because it was confidential that they were closed for health reasons.
Unknown Speaker 1:23:23
It was posted publicly
Unknown Speaker 1:23:26
posted publicly by Boulder County Health. So Boulder County Health is really the entity that condense. We as a partnership in Dane County coastal conservation,
Unknown Speaker 1:23:41
but Boulder County Health is the one that controls that side of it.
Unknown Speaker 1:23:55
Learn the law
Unknown Speaker 1:24:03
so do we have any commissioner comments
Unknown Speaker 1:24:10
by Commissioner report that we adjourn, seconded by Commissioner Morton all those in favor by
Unknown Speaker 1:24:22
the way
Unknown Speaker 1:24:25
did you see
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