[music]
>> good afternoon.
I‘m.
[applause]
Margaret gomez and I am
Commissioner.
margaret gomez and I am Commissioner. Precinct four.
commissioner. Precinct four. We are ready to start this work
precinct four. We are ready to start this work Session.
we are ready to start this work Session. I‘m calling to order the travis
session. I‘m calling to order the travis County commissioners court work
Session.
county commissioners court work Session. Today is may 14th, 2026, and the
session. Today is may 14th, 2026, and the Time is 1:32 p.m.
today is may 14th, 2026, and the Time is 1:32 p.m. We have commissioners travillion
time is 1:32 p.m. We have commissioners travillion Commissioner shea, commissioner
we have commissioners travillion Commissioner shea, commissioner Howard.
commissioner shea, commissioner Howard. And with me on the dais.
howard. And with me on the dais. And I believe county judge brown
and with me on the dais. And I believe county judge brown Is is on county business and he
and I believe county judge brown Is is on county business and he May join us after a while.
is is on county business and he May join us after a while. We‘ll work with start today with
may join us after a while. We‘ll work with start today with Work session item number one,
we‘ll work with start today with Work session item number one, Receive a quarterly briefing and
work session item number one, Receive a quarterly briefing and Updates from central health,
receive a quarterly briefing and Updates from central health, Including board of managers.
updates from central health, Including board of managers. Update year of access, update
including board of managers. Update year of access, update Budget actuals to date, a 2025
update year of access, update Budget actuals to date, a 2025 Annual report and systems
budget actuals to date, a 2025 Annual report and systems Partnerships.
annual report and systems Partnerships. And then I think this includes
partnerships. And then I think this includes The community unity care health
and then I think this includes The community unity care health Centers and sendero health plans
the community unity care health Centers and sendero health plans As well.
centers and sendero health plans As well. >> this.
as well. >> this. Is.
Good afternoon.
is. Good afternoon. Good afternoon.
good afternoon. Good afternoon. Commissioners.
good afternoon. Commissioners. My name is perla cavazos, the
commissioners. My name is perla cavazos, the Chief governance and government
my name is perla cavazos, the Chief governance and government Affairs officer at central
chief governance and government Affairs officer at central Health.
affairs officer at central Health. And it‘s our pleasure to be
health. And it‘s our pleasure to be Here.
and it‘s our pleasure to be Here. Central health to give our
here. Central health to give our Quarterly update.
central health to give our Quarterly update. I want to introduce our speakers
quarterly update. I want to introduce our speakers Today.
We have several, including some
today. We have several, including some New faces.
we have several, including some New faces. And then I‘ll walk through the
new faces. And then I‘ll walk through the Agenda and hand it over to our
and then I‘ll walk through the Agenda and hand it over to our Chair.
agenda and hand it over to our Chair. We have doctor pat lee,
chair. We have doctor pat lee, President and ceo of central
we have doctor pat lee, President and ceo of central Health.
president and ceo of central Health. We also have sharon alvis, our
health. We also have sharon alvis, our Ceo of sendero health plans, and
we also have sharon alvis, our Ceo of sendero health plans, and Tara trower, our deputy ceo and
ceo of sendero health plans, and Tara trower, our deputy ceo and Chief strategy officer of
tara trower, our deputy ceo and Chief strategy officer of Community care health centers.
chief strategy officer of Community care health centers. We have our board chair,
community care health centers. We have our board chair, Geronimo rodriguez, and we also
we have our board chair, Geronimo rodriguez, and we also Have our vice chair, alisa mae,
geronimo rodriguez, and we also Have our vice chair, alisa mae, With us today.
have our vice chair, alisa mae, With us today. In addition, we have jeff
with us today. In addition, we have jeff Kernodle, our chief financial
in addition, we have jeff Kernodle, our chief financial Officer, and we have jp ike
kernodle, our chief financial Officer, and we have jp ike Miller, our vice president of
officer, and we have jp ike Miller, our vice president of Strategy.
miller, our vice president of Strategy. And justine price, demographics
strategy. And justine price, demographics And statistics reporting
and justine price, demographics And statistics reporting Analyst.
and statistics reporting Analyst. In addition, we have alicia
analyst. In addition, we have alicia Ramirez, our government affairs
in addition, we have alicia Ramirez, our government affairs Manager.
ramirez, our government affairs Manager. So let me just run through the
manager. So let me just run through the Agenda of what we‘ll be speaking
so let me just run through the Agenda of what we‘ll be speaking To today over the next maybe 30
agenda of what we‘ll be speaking To today over the next maybe 30 Minutes, 30, 40 minutes.
to today over the next maybe 30 Minutes, 30, 40 minutes. We want to save some time for
minutes, 30, 40 minutes. We want to save some time for Some question and answers as
we want to save some time for Some question and answers as Well.
some question and answers as Well. So our chair will be providing
well. So our chair will be providing An update on from the board of
so our chair will be providing An update on from the board of Managers.
an update on from the board of Managers. Our ceo will provide an update
managers. Our ceo will provide an update On the our year of access and
our ceo will provide an update On the our year of access and Our, our strategy members will
on the our year of access and Our, our strategy members will Be providing an update on the
our, our strategy members will Be providing an update on the Annual report for 2025, which is
be providing an update on the Annual report for 2025, which is A statutory requirement.
annual report for 2025, which is A statutory requirement. In addition, we‘ll be presenting
a statutory requirement. In addition, we‘ll be presenting Our march 2026 financial
in addition, we‘ll be presenting Our march 2026 financial Statements and budget actuals to
our march 2026 financial Statements and budget actuals to Date.
statements and budget actuals to Date. Our ceo will provide a budget
date. Our ceo will provide a budget Development update, and then we
our ceo will provide a budget Development update, and then we Will speak to some system
development update, and then we Will speak to some system Transformation and partnership
will speak to some system Transformation and partnership Updates from the three entities.
transformation and partnership Updates from the three entities. With that, I‘m going to hand it
updates from the three entities. With that, I‘m going to hand it Over to our board chair,
with that, I‘m going to hand it Over to our board chair, Jeronimo rodriguez.
over to our board chair, Jeronimo rodriguez. >> thank you.
jeronimo rodriguez. >> thank you. Thank you.
First, I‘d like to recognize
thank you. First, I‘d like to recognize Alyssa may, who is sitting to my
first, I‘d like to recognize Alyssa may, who is sitting to my Right here as the vice chair of
alyssa may, who is sitting to my Right here as the vice chair of The central health board of
right here as the vice chair of The central health board of Managers, who‘s here with us
the central health board of Managers, who‘s here with us Today.
managers, who‘s here with us Today. And managers, it was really I‘m
today. And managers, it was really I‘m Sorry, commissioners.
and managers, it was really I‘m Sorry, commissioners. I‘m used to managers.
sorry, commissioners. I‘m used to managers. Commissioner, it was really good
To see you all at the state of
commissioner, it was really good To see you all at the state of County address.
to see you all at the state of County address. And then commissioner howard
county address. And then commissioner howard Jeff travillion.
and then commissioner howard Jeff travillion. It was good.
jeff travillion. It was good. It was good to see you all.
it was good. It was good to see you all. And thank you for co-hosting the
it was good to see you all. And thank you for co-hosting the Community conversations with us
and thank you for co-hosting the Community conversations with us In your precincts.
community conversations with us In your precincts. And then thank you, commissioner
in your precincts. And then thank you, commissioner Schaffer, speaking at our
and then thank you, commissioner Schaffer, speaking at our Hancock phase one event.
schaffer, speaking at our Hancock phase one event. That was a lot of fun and
hancock phase one event. That was a lot of fun and Commissioner gomez.
that was a lot of fun and Commissioner gomez. We look forward to co-hosting
commissioner gomez. We look forward to co-hosting The community conversation
we look forward to co-hosting The community conversation Tonight at the montopolis
the community conversation Tonight at the montopolis Recreation and on community.
tonight at the montopolis Recreation and on community. I‘m sorry, the montopolis
recreation and on community. I‘m sorry, the montopolis Recreation and community center
This quarter, the board of
recreation and community center This quarter, the board of Managers has continued their
this quarter, the board of Managers has continued their Work on board governance.
managers has continued their Work on board governance. We have a brief update regarding
work on board governance. We have a brief update regarding Our role of insite oversight and
we have a brief update regarding Our role of insite oversight and Foresight.
our role of insite oversight and Foresight. We continue to work on our
foresight. We continue to work on our Governance regarding.
we continue to work on our Governance regarding. Well, we just completed our
governance regarding. Well, we just completed our Second retreat, working to
well, we just completed our Second retreat, working to Further unify the board and
second retreat, working to Further unify the board and Build trust throughout the
further unify the board and Build trust throughout the Health health care system.
build trust throughout the Health health care system. As part of our strategic
health health care system. As part of our strategic Planning process.
as part of our strategic Planning process. During our retreat, we work to
planning process. During our retreat, we work to Start the work of updating our
during our retreat, we work to Start the work of updating our Mission, vision, and values and
start the work of updating our Mission, vision, and values and Some of the things that came up.
mission, vision, and values and Some of the things that came up. There were themes that you‘re
some of the things that came up. There were themes that you‘re Very familiar with, recognizing
there were themes that you‘re Very familiar with, recognizing The dignity and respect of every
very familiar with, recognizing The dignity and respect of every Single person accountability,
the dignity and respect of every Single person accountability, Transparency, and
single person accountability, Transparency, and Responsibility.
transparency, and Responsibility. The other part of our retreat
responsibility. The other part of our retreat That I wanted to share is we we
the other part of our retreat That I wanted to share is we we Have been using what‘s called
that I wanted to share is we we Have been using what‘s called The choice to trust model, and
have been using what‘s called The choice to trust model, and It has four parts, which are
the choice to trust model, and It has four parts, which are Important, I think, for us as we
it has four parts, which are Important, I think, for us as we Continue to, to build unity and,
important, I think, for us as we Continue to, to build unity and, And, and our governance, one is
continue to, to build unity and, And, and our governance, one is Around competence.
and, and our governance, one is Around competence. I know I can do this.
around competence. I know I can do this. I don‘t know if I can do that.
The willingness to say that we
Don‘t know what we‘re doing or
the willingness to say that we Don‘t know what we‘re doing or What we‘re about to do, and the
don‘t know what we‘re doing or What we‘re about to do, and the Competency trust that goes along
what we‘re about to do, and the Competency trust that goes along With that, with all the deep
competency trust that goes along With that, with all the deep Subject matter expertise that we
with that, with all the deep Subject matter expertise that we Have at central health caring
subject matter expertise that we Have at central health caring That we‘re all in this together,
have at central health caring That we‘re all in this together, Making sure that people
that we‘re all in this together, Making sure that people Understand that we care about
making sure that people Understand that we care about Them, and we‘re doing the work
understand that we care about Them, and we‘re doing the work Together.
them, and we‘re doing the work Together. The third one, there‘s four of
together. The third one, there‘s four of Them.
the third one, there‘s four of Them. Sincerity is one around.
them. Sincerity is one around. I mean, what I say, say what I
sincerity is one around. I mean, what I say, say what I Mean and act accordingly, making
Sure that we are building that
mean and act accordingly, making Sure that we are building that That trust around sincerity.
sure that we are building that That trust around sincerity. And the fourth one is around
that trust around sincerity. And the fourth one is around Reliability, that you can count
and the fourth one is around Reliability, that you can count On me to deliver what I promise.
reliability, that you can count On me to deliver what I promise. And again, this was based on
on me to deliver what I promise. And again, this was based on Trust model and kind of taking
and again, this was based on Trust model and kind of taking Accountability recognition for,
trust model and kind of taking Accountability recognition for, For each of our own behaviors.
accountability recognition for, For each of our own behaviors. I also wanted to share that we
for each of our own behaviors. I also wanted to share that we Continue to work.
Last quarter, I updated us on an
continue to work. Last quarter, I updated us on an Update of our work in the
last quarter, I updated us on an Update of our work in the Following areas, and I‘m happy
update of our work in the Following areas, and I‘m happy To share that our work continues
following areas, and I‘m happy To share that our work continues Around a plan to update the
to share that our work continues Around a plan to update the Strategic plan, the community
around a plan to update the Strategic plan, the community Health needs assessment by the
strategic plan, the community Health needs assessment by the End of the year.
health needs assessment by the End of the year. A plan to complete our
end of the year. A plan to complete our Comprehensive facilities plan
a plan to complete our Comprehensive facilities plan Monitoring implementation of the
comprehensive facilities plan Monitoring implementation of the System transformation
monitoring implementation of the System transformation Resolution, and obviously, the
system transformation Resolution, and obviously, the Fy 27 budget development that
resolution, and obviously, the Fy 27 budget development that Will culminate with a
fy 27 budget development that Will culminate with a Presentation and a vote from you
will culminate with a Presentation and a vote from you All.
presentation and a vote from you All. I‘m going to turn it over now to
all. I‘m going to turn it over now to Doctor lee.
And thank you again for the
doctor lee. And thank you again for the Opportunity to provide this
and thank you again for the Opportunity to provide this Update.
opportunity to provide this Update. >> thank you, chair.
update. >> thank you, chair. Good afternoon, commissioners
Gomez, howard, seh and
good afternoon, commissioners Gomez, howard, seh and Travillion.
gomez, howard, seh and Travillion. It‘s really an honor to be with
travillion. It‘s really an honor to be with All of you.
it‘s really an honor to be with All of you. And I too, want to begin with a
all of you. And I too, want to begin with a Huge thank you for all of your
and I too, want to begin with a Huge thank you for all of your Leadership, continued engagement
huge thank you for all of your Leadership, continued engagement With central health over these
leadership, continued engagement With central health over these Past several months since we‘ve
with central health over these Past several months since we‘ve Been together at our community
past several months since we‘ve Been together at our community Conversations and multiple other
been together at our community Conversations and multiple other Events.
conversations and multiple other Events. Commissioner howard and
events. Commissioner howard and Travillion, you‘ve both been
commissioner howard and Travillion, you‘ve both been Wonderful hosts at our community
travillion, you‘ve both been Wonderful hosts at our community Conversations.
wonderful hosts at our community Conversations. We really appreciate that.
conversations. We really appreciate that. And commissioner gomez, we are
we really appreciate that. And commissioner gomez, we are Honored to be with you this
and commissioner gomez, we are Honored to be with you this Evening.
honored to be with you this Evening. Thank you for hosting us.
evening. Thank you for hosting us. I also want to thank judge brown
thank you for hosting us. I also want to thank judge brown And commissioner howard staff
For joining us together with
and commissioner howard staff For joining us together with Central health and integral
for joining us together with Central health and integral Care, on our recent visit to
central health and integral Care, on our recent visit to Salt lake city last month to
care, on our recent visit to Salt lake city last month to Tour the huntsman mental health
salt lake city last month to Tour the huntsman mental health Crisis center and meet with salt
tour the huntsman mental health Crisis center and meet with salt Lake county mayor jenny wilson.
crisis center and meet with salt Lake county mayor jenny wilson. That visit was very helpful as
lake county mayor jenny wilson. That visit was very helpful as We consider next steps to
that visit was very helpful as We consider next steps to Advance mental health diversion
we consider next steps to Advance mental health diversion Care here in travis county and
advance mental health diversion Care here in travis county and Commissioner shea.
care here in travis county and Commissioner shea. I want to also thank you.
commissioner shea. I want to also thank you. I know we‘ll be together on june
11th in precinct two.
I‘m looking forward to that.
Also want to thank you,
Commissioner, for being with us.
also want to thank you, Commissioner, for being with us. Last month as we opened our our
commissioner, for being with us. Last month as we opened our our New phase one of our brand new
last month as we opened our our New phase one of our brand new Hancock headquarters site and
new phase one of our brand new Hancock headquarters site and Saw our first patients at david
hancock headquarters site and Saw our first patients at david Powell health center, hancock in
saw our first patients at david Powell health center, hancock in A in a space that is beautiful
powell health center, hancock in A in a space that is beautiful And dignified and I think
a in a space that is beautiful And dignified and I think Reflects the quality of care
and dignified and I think Reflects the quality of care That has always been received in
reflects the quality of care That has always been received in That in that practice.
that has always been received in That in that practice. But now the the space reflects
that in that practice. But now the the space reflects That as well.
but now the the space reflects That as well. Points to potential health is
that as well. Points to potential health is Going.
points to potential health is Going. I know doctor yagoda, actually
going. I know doctor yagoda, actually My colleague tara trower will
Share more details later.
my colleague tara trower will Share more details later. But this is a major milestone
share more details later. But this is a major milestone For us for the patients we serve
but this is a major milestone For us for the patients we serve And for the future of our care
for us for the patients we serve And for the future of our care In travis county.
and for the future of our care In travis county. Looking ahead, we‘re excited to
in travis county. Looking ahead, we‘re excited to Celebrate another major
looking ahead, we‘re excited to Celebrate another major Milestone this saturday.
celebrate another major Milestone this saturday. Together with you, commissioner
milestone this saturday. Together with you, commissioner Travillion.
together with you, commissioner Travillion. As we celebrate the
travillion. As we celebrate the Groundbreaking of our new colony
as we celebrate the Groundbreaking of our new colony Park health and wellness center,
groundbreaking of our new colony Park health and wellness center, Which will expand after quite
park health and wellness center, Which will expand after quite Some time, keeping a promise to
which will expand after quite Some time, keeping a promise to Expand access to care and
some time, keeping a promise to Expand access to care and Community resources in northeast
expand access to care and Community resources in northeast Travis county.
community resources in northeast Travis county. Really important work, so I just
travis county. Really important work, so I just Want to make sure to to start
really important work, so I just Want to make sure to to start With gratitude for the many ways
want to make sure to to start With gratitude for the many ways Each of you are leading in our
with gratitude for the many ways Each of you are leading in our Community and partnering with us
each of you are leading in our Community and partnering with us In this important work.
community and partnering with us In this important work. We‘re also aware that you‘ve
in this important work. We‘re also aware that you‘ve Asked us to share data on key
we‘re also aware that you‘ve Asked us to share data on key Metrics that demonstrate central
asked us to share data on key Metrics that demonstrate central Health‘s growth.
metrics that demonstrate central Health‘s growth. You‘ve referred to a delta
health‘s growth. You‘ve referred to a delta Report several times.
you‘ve referred to a delta Report several times. Commissioner travillion.
report several times. Commissioner travillion. We want to know that you were
commissioner travillion. We want to know that you were Listening carefully, and we‘re
we want to know that you were Listening carefully, and we‘re Going to begin by walking
listening carefully, and we‘re Going to begin by walking Through a couple of graphs that
going to begin by walking Through a couple of graphs that Help tell that story.
through a couple of graphs that Help tell that story. So this is the first graph.
help tell that story. So this is the first graph. It‘s a data on coverage
so this is the first graph. It‘s a data on coverage Enrollment over multiple years
it‘s a data on coverage Enrollment over multiple years From 2018 to present in the last
enrollment over multiple years From 2018 to present in the last Year, a medical access program
from 2018 to present in the last Year, a medical access program Grew by about 7% from about
year, a medical access program Grew by about 7% from about 59,000 enrollees to 63,000
grew by about 7% from about 59,000 enrollees to 63,000 Enrollees.
Those are 24 to 25 numbers.
enrollees. Those are 24 to 25 numbers. But since 2021 to 2025, we‘ve
those are 24 to 25 numbers. But since 2021 to 2025, we‘ve Seen a 34% growth from 47,000
but since 2021 to 2025, we‘ve Seen a 34% growth from 47,000 Members to 63,000 members.
seen a 34% growth from 47,000 Members to 63,000 members. One note this is our map program
members to 63,000 members. One note this is our map program Only, not our map basic program,
one note this is our map program Only, not our map basic program, Which has another approximately
only, not our map basic program, Which has another approximately 40 50,000 patients in it.
which has another approximately 40 50,000 patients in it. We‘re still working to
Deduplicate that data, and we‘ll
we‘re still working to Deduplicate that data, and we‘ll Report it out to the court.
deduplicate that data, and we‘ll Report it out to the court. Once you make sure the data are
report it out to the court. Once you make sure the data are Absolutely clean.
once you make sure the data are Absolutely clean. Although it‘s not pictured on
absolutely clean. Although it‘s not pictured on This graph, we‘ve also seen
although it‘s not pictured on This graph, we‘ve also seen Nearly 3% growth in our
this graph, we‘ve also seen Nearly 3% growth in our Medicaid, medicare chip and
nearly 3% growth in our Medicaid, medicare chip and Commercial insurance patients in
medicaid, medicare chip and Commercial insurance patients in Our clinics.
commercial insurance patients in Our clinics. That‘s an increase of about 5000
our clinics. That‘s an increase of about 5000 Patients.
that‘s an increase of about 5000 Patients. And sendero health plans have
patients. And sendero health plans have Grown by about 35% over the last
and sendero health plans have Grown by about 35% over the last Year.
grown by about 35% over the last Year. Next slide please.
year. Next slide please. This second graph shows the
next slide please. This second graph shows the Number of patients we are
this second graph shows the Number of patients we are Serving in travis county.
number of patients we are Serving in travis county. Same time frame as the previous
serving in travis county. Same time frame as the previous Graph.
same time frame as the previous Graph. And as you can see in the last
graph. And as you can see in the last Year, we served nearly 184,000
and as you can see in the last Year, we served nearly 184,000 Patients, a little more than a
year, we served nearly 184,000 Patients, a little more than a 7% increase over 2024.
patients, a little more than a 7% increase over 2024. And then comparing to 2021, the
Total number of patients
and then comparing to 2021, the Total number of patients Increased by 25% from.
total number of patients Increased by 25% from. 147,000 to 184,000.
increased by 25% from. 147,000 to 184,000. So this this growth in number of
Patients, also part of a broader
so this this growth in number of Patients, also part of a broader Trend when you look at primary
patients, also part of a broader Trend when you look at primary Care visits across central
trend when you look at primary Care visits across central Health network, those have also
care visits across central Health network, those have also Grown by 34% since 2021.
health network, those have also Grown by 34% since 2021. Now we know that increasing
grown by 34% since 2021. Now we know that increasing Access to care is not just about
now we know that increasing Access to care is not just about More appointments.
access to care is not just about More appointments. It‘s also making care easier to
more appointments. It‘s also making care easier to Reach, navigate, and use.
it‘s also making care easier to Reach, navigate, and use. Some examples of that include
reach, navigate, and use. Some examples of that include Medication delivery that we now
some examples of that include Medication delivery that we now Offer within the meds to you.
medication delivery that we now Offer within the meds to you. For qualifying patients.
offer within the meds to you. For qualifying patients. We also help provide
for qualifying patients. We also help provide Transportation to appointments
we also help provide Transportation to appointments With partners like capmetro and
transportation to appointments With partners like capmetro and Lyft, and we do this for many of
with partners like capmetro and Lyft, and we do this for many of Our patients.
lyft, and we do this for many of Our patients. We can serve patients in any
our patients. We can serve patients in any Language, and we offer evening
we can serve patients in any Language, and we offer evening And saturday hours for a number
language, and we offer evening And saturday hours for a number Of our services.
and saturday hours for a number Of our services. And finally, we have recently
of our services. And finally, we have recently Piloted several educational
and finally, we have recently Piloted several educational Programs at our rosa zaragoza
piloted several educational Programs at our rosa zaragoza Clinic for patients living with
programs at our rosa zaragoza Clinic for patients living with Chronic illnesses such as
clinic for patients living with Chronic illnesses such as Diabetes, kidney disease, and
chronic illnesses such as Diabetes, kidney disease, and Congestive heart failure.
diabetes, kidney disease, and Congestive heart failure. I want to highlight these for a
congestive heart failure. I want to highlight these for a Moment.
These programs are designed to
moment. These programs are designed to Make care easier to navigate by
these programs are designed to Make care easier to navigate by Bringing multiple members of the
make care easier to navigate by Bringing multiple members of the Care team together in one visit,
bringing multiple members of the Care team together in one visit, Patients may see their provider,
care team together in one visit, Patients may see their provider, Their nurse, their pharmacist,
patients may see their provider, Their nurse, their pharmacist, And their diabetes educator
their nurse, their pharmacist, And their diabetes educator During the same appointment.
and their diabetes educator During the same appointment. Instead of having to return
during the same appointment. Instead of having to return Multiple times, we also launched
instead of having to return Multiple times, we also launched A chronic kidney chronic kidney
multiple times, we also launched A chronic kidney chronic kidney Disease day program in may for
a chronic kidney chronic kidney Disease day program in may for Patients where our launch
disease day program in may for Patients where our launch Cohort, all of whom provided
patients where our launch Cohort, all of whom provided Great feedback.
cohort, all of whom provided Great feedback. One of these patients said this
great feedback. One of these patients said this Was the best and easiest to
one of these patients said this Was the best and easiest to Understand education he had
was the best and easiest to Understand education he had Received on his condition.
understand education he had Received on his condition. In more than 40 years of
received on his condition. In more than 40 years of Managing his chronic kidney
in more than 40 years of Managing his chronic kidney Disease.
managing his chronic kidney Disease. Our diabetes group classes are
disease. Our diabetes group classes are Also underway, which serve up to
our diabetes group classes are Also underway, which serve up to Eight patients per session,
also underway, which serve up to Eight patients per session, Focusing on practical skills
eight patients per session, Focusing on practical skills Like nutrition, blood sugar
focusing on practical skills Like nutrition, blood sugar Management, day to day disease
like nutrition, blood sugar Management, day to day disease Management and for our patients
management, day to day disease Management and for our patients With chronic kidney disease or
management and for our patients With chronic kidney disease or Congestive heart failure.
with chronic kidney disease or Congestive heart failure. We‘re also building in one on
congestive heart failure. We‘re also building in one on One education with nurse
we‘re also building in one on One education with nurse Educators so they can tailor
one education with nurse Educators so they can tailor That advice to each patient‘s
educators so they can tailor That advice to each patient‘s Condition and needs.
that advice to each patient‘s Condition and needs. We know a lot of this work is
condition and needs. We know a lot of this work is Still emergent, but it‘s exactly
we know a lot of this work is Still emergent, but it‘s exactly The kind of prevention focused
still emergent, but it‘s exactly The kind of prevention focused Care that can help our patients
the kind of prevention focused Care that can help our patients Feel more confident, improve
care that can help our patients Feel more confident, improve Their health, reduce avoidable
feel more confident, improve Their health, reduce avoidable Emergency department hospital
their health, reduce avoidable Emergency department hospital Use in our community, and
emergency department hospital Use in our community, and Represents whole person care for
use in our community, and Represents whole person care for Our patients.
represents whole person care for Our patients. One size fits one as we bring
our patients. One size fits one as we bring Those islands of care together.
one size fits one as we bring Those islands of care together. So with that, I want to turn to
those islands of care together. So with that, I want to turn to The next slide as I begin.
so with that, I want to turn to The next slide as I begin. I‘m sorry.
the next slide as I begin. I‘m sorry. As I hand over to j.p. And
Justine to give us a preview.
as I hand over to j.p. And Justine to give us a preview. >> please, before you hand it
justine to give us a preview. >> please, before you hand it Over, I asked you a question
Publicly last time, so I want to
over, I asked you a question Publicly last time, so I want to Thank you publicly for
publicly last time, so I want to Thank you publicly for Responding.
thank you publicly for Responding. Asked you about how we could
responding. Asked you about how we could Identify the locations for all
asked you about how we could Identify the locations for all Of the clinics, and then the
identify the locations for all Of the clinics, and then the Busses and other apparatus that
of the clinics, and then the Busses and other apparatus that Could get people to those
busses and other apparatus that Could get people to those Locations.
could get people to those Locations. Your team sent that to us.
locations. Your team sent that to us. It is now up on our facebook
your team sent that to us. It is now up on our facebook Site, but we appreciate making
it is now up on our facebook Site, but we appreciate making Things easier for the community.
site, but we appreciate making Things easier for the community. And I‘d like to talk to you
things easier for the community. And I‘d like to talk to you About in the future.
and I‘d like to talk to you About in the future. It‘s good to know that we can
about in the future. It‘s good to know that we can Get there with public
it‘s good to know that we can Get there with public Transportation, but sometimes
get there with public Transportation, but sometimes Some of our elderly community
transportation, but sometimes Some of our elderly community Might be a little apprehensive
some of our elderly community Might be a little apprehensive About it.
might be a little apprehensive About it. So I want to talk about how we
about it. So I want to talk about how we Talk to the public, about
so I want to talk about how we Talk to the public, about Getting there and what resources
talk to the public, about Getting there and what resources Like pickup and or, or metro
getting there and what resources Like pickup and or, or metro Access might be available to
like pickup and or, or metro Access might be available to Them to make it easier for them
access might be available to Them to make it easier for them And to begin to educate folks on
them to make it easier for them And to begin to educate folks on How to use it.
and to begin to educate folks on How to use it. So thank you for the work that
how to use it. So thank you for the work that You‘ve put in.
so thank you for the work that You‘ve put in. You did what you said you were
you‘ve put in. You did what you said you were Going to do, and we appreciate
you did what you said you were Going to do, and we appreciate It.
going to do, and we appreciate It. >> thank you sir.
it. >> thank you sir. Appreciate you.
>> and I just have a quick
appreciate you. >> and I just have a quick Question, and I really want to
Emphasize some of these numbers
question, and I really want to Emphasize some of these numbers At a time when we‘re we‘re
emphasize some of these numbers At a time when we‘re we‘re Hearing more and more news about
at a time when we‘re we‘re Hearing more and more news about Federal funding being cut for
hearing more and more news about Federal funding being cut for Medicaid and for all kinds of
federal funding being cut for Medicaid and for all kinds of Services and programs.
medicaid and for all kinds of Services and programs. You are expanding access through
services and programs. You are expanding access through Map and increasing the number of
you are expanding access through Map and increasing the number of Patients you‘re serving.
map and increasing the number of Patients you‘re serving. And I wanted to make sure I got
patients you‘re serving. And I wanted to make sure I got The sendero growth number right,
and I wanted to make sure I got The sendero growth number right, Because these other numbers have
the sendero growth number right, Because these other numbers have Been from 21 through 25.
because these other numbers have Been from 21 through 25. Sendero was just since last year
been from 21 through 25. Sendero was just since last year Correct.
sendero was just since last year Correct. The growth number.
correct. The growth number. And what was that?
the growth number. And what was that? >> 35% since last year.
and what was that? >> 35% since last year. And about 500% since 2021, I
Believe.
and about 500% since 2021, I Believe. >> yes.
believe. >> yes. We started commissioner shea.
We started in 2020 23.
we started commissioner shea. We started in 2020 23. We were at 6000, and now we‘re
we started in 2020 23. We were at 6000, and now we‘re Over 35,000.
we were at 6000, and now we‘re Over 35,000. >> I mean, I just think that‘s
over 35,000. >> I mean, I just think that‘s Remarkable and should be
Celebrated because that means
remarkable and should be Celebrated because that means More people in our community
celebrated because that means More people in our community Have access to health care and
more people in our community Have access to health care and Health insurance.
have access to health care and Health insurance. So congratulations.
health insurance. So congratulations. That‘s remarkable.
so congratulations. That‘s remarkable. >> thank you commissioner.
that‘s remarkable. >> thank you commissioner. All right.
So I‘ll hand it over to j.p. And
all right. So I‘ll hand it over to j.p. And Justine to walk us through some
so I‘ll hand it over to j.p. And Justine to walk us through some Highlights from our annual
justine to walk us through some Highlights from our annual Report.
highlights from our annual Report. >> great.
report. >> great. Next slide.
Please.
next slide. Please. Thank you, commissioners, for
please. Thank you, commissioners, for Having us here today.
thank you, commissioners, for Having us here today. It‘s a real privilege to be able
having us here today. It‘s a real privilege to be able To share with you the central
it‘s a real privilege to be able To share with you the central Health 2025 annual report.
to share with you the central Health 2025 annual report. And I believe we brought hard
health 2025 annual report. And I believe we brought hard Copies for you as well.
and I believe we brought hard Copies for you as well. The format should immediately
copies for you as well. The format should immediately Look familiar in comparison to
the format should immediately Look familiar in comparison to Last year‘s.
look familiar in comparison to Last year‘s. We used a very similar patient
last year‘s. We used a very similar patient Focused visual format with
we used a very similar patient Focused visual format with Large, patient centered photo
focused visual format with Large, patient centered photo Spreads and the quantifiable
large, patient centered photo Spreads and the quantifiable Data.
spreads and the quantifiable Data. The numbers that we‘re just
data. The numbers that we‘re just Talking about is intertwined
the numbers that we‘re just Talking about is intertwined With even more real patient and
talking about is intertwined With even more real patient and Provider stories versus last
with even more real patient and Provider stories versus last Year.
provider stories versus last Year. Each spread in the report
year. Each spread in the report Features a different major
each spread in the report Features a different major Program element, and the
features a different major Program element, and the Overarching theme for the 2025
program element, and the Overarching theme for the 2025 Report is system transformation,
overarching theme for the 2025 Report is system transformation, Or more specifically, how we
report is system transformation, Or more specifically, how we Communitycare sendero health
or more specifically, how we Communitycare sendero health Plans and central health are
communitycare sendero health Plans and central health are Becoming one fully integrated
plans and central health are Becoming one fully integrated Health system.
becoming one fully integrated Health system. Now.
health system. Now. Integration in health care can
now. Integration in health care can Mean a lot of different things.
integration in health care can Mean a lot of different things. It‘s a really large blanket
mean a lot of different things. It‘s a really large blanket Term.
it‘s a really large blanket Term. We can be talking about unifying
term. We can be talking about unifying Budgets, coordinating continuity
we can be talking about unifying Budgets, coordinating continuity Of care through seamless
budgets, coordinating continuity Of care through seamless Operations and the patient
of care through seamless Operations and the patient Journey.
operations and the patient Journey. Patient handoffs.
journey. Patient handoffs. It can mean sharing data so that
patient handoffs. It can mean sharing data so that We can actually get that
it can mean sharing data so that We can actually get that Informative picture of a
we can actually get that Informative picture of a Patient‘s health.
informative picture of a Patient‘s health. That‘s so critical for driving
patient‘s health. That‘s so critical for driving Provider decision making.
that‘s so critical for driving Provider decision making. And it all starts at the outset.
provider decision making. And it all starts at the outset. Collaborative strategic planning
and it all starts at the outset. Collaborative strategic planning And solidarity and leadership,
collaborative strategic planning And solidarity and leadership, Something I think our system has
and solidarity and leadership, Something I think our system has Really exemplified in the last
something I think our system has Really exemplified in the last Year as we‘ve learned to work
really exemplified in the last Year as we‘ve learned to work More closely together.
year as we‘ve learned to work More closely together. For us, specifically in 2025, it
more closely together. For us, specifically in 2025, it Looks like these bullets that
for us, specifically in 2025, it Looks like these bullets that You see here on the slides, a
looks like these bullets that You see here on the slides, a Unified $1.1 billion budget with
you see here on the slides, a Unified $1.1 billion budget with Community care and central
unified $1.1 billion budget with Community care and central Health, seamless transition and
community care and central Health, seamless transition and Coverage between central health
health, seamless transition and Coverage between central health And sendero health plans.
coverage between central health And sendero health plans. So, for instance, when a patient
and sendero health plans. So, for instance, when a patient Has a very complex medical
so, for instance, when a patient Has a very complex medical Condition and may not have all
has a very complex medical Condition and may not have all Of their needs met by map or map
condition and may not have all Of their needs met by map or map Basic, we can get them on a
of their needs met by map or map Basic, we can get them on a Sendero health plan where they
basic, we can get them on a Sendero health plan where they Can get that coverage.
sendero health plan where they Can get that coverage. Things like cancer or organ
can get that coverage. Things like cancer or organ Transplant.
things like cancer or organ Transplant. It looks like a unified
transplant. It looks like a unified Electronic health record.
it looks like a unified Electronic health record. So our shared epic ecosystem
electronic health record. So our shared epic ecosystem Where we can make sense of each
so our shared epic ecosystem Where we can make sense of each Other‘s data and use that to
where we can make sense of each Other‘s data and use that to Guide the patient journey and
other‘s data and use that to Guide the patient journey and Our decision making.
guide the patient journey and Our decision making. And it looks like co-location.
our decision making. And it looks like co-location. So the shared space at hancock,
and it looks like co-location. So the shared space at hancock, Which we were just talking about
so the shared space at hancock, Which we were just talking about Having opened, and soon as we
which we were just talking about Having opened, and soon as we Move, more supportive and
having opened, and soon as we Move, more supportive and Administrative staff over there,
move, more supportive and Administrative staff over there, We‘ll be working together even
administrative staff over there, We‘ll be working together even More closely in terms of
we‘ll be working together even More closely in terms of Co-location.
more closely in terms of Co-location. Next slide please.
co-location. Next slide please. Central health also continues
next slide please. Central health also continues The work of trying to end the
central health also continues The work of trying to end the Opioid addiction crisis and
the work of trying to end the Opioid addiction crisis and Doing so through trusted
opioid addiction crisis and Doing so through trusted Partnerships, sustained
doing so through trusted Partnerships, sustained Investment, evidence based best
partnerships, sustained Investment, evidence based best Practices and workforce
investment, evidence based best Practices and workforce Development.
practices and workforce Development. Our integrated care models bring
development. Our integrated care models bring Together addiction medicine,
our integrated care models bring Together addiction medicine, Primary care, behavioral health,
together addiction medicine, Primary care, behavioral health, As well as outreach so that we
primary care, behavioral health, As well as outreach so that we Can holistically treat substance
as well as outreach so that we Can holistically treat substance Use disorder as a chronic a
can holistically treat substance Use disorder as a chronic a Chronic medical condition, and
use disorder as a chronic a Chronic medical condition, and Not something stigmatizing, not
chronic medical condition, and Not something stigmatizing, not A failure on the on the
not something stigmatizing, not A failure on the on the Patient‘s part, the community
a failure on the on the Patient‘s part, the community Care, wellness and holistic
patient‘s part, the community Care, wellness and holistic Addiction medicine, or wam teams
care, wellness and holistic Addiction medicine, or wam teams Really exemplify this approach
addiction medicine, or wam teams Really exemplify this approach By pairing clinical expertise
really exemplify this approach By pairing clinical expertise With that compassionate care and
by pairing clinical expertise With that compassionate care and Continuity.
with that compassionate care and Continuity. There are two wam teams
continuity. There are two wam teams Currently at capital plaza,
there are two wam teams Currently at capital plaza, Which you see here on the slide,
currently at capital plaza, Which you see here on the slide, And then another team at
which you see here on the slide, And then another team at Southeast health and wellness
and then another team at Southeast health and wellness Center, the thrive by sendero is
southeast health and wellness Center, the thrive by sendero is Connecting individuals at high
center, the thrive by sendero is Connecting individuals at high Risk of overdose with medical,
connecting individuals at high Risk of overdose with medical, Behavioral, health and social
risk of overdose with medical, Behavioral, health and social Services.
behavioral, health and social Services. Central health is also expanding
services. Central health is also expanding Access to higher levels of
central health is also expanding Access to higher levels of Addiction medicine and substance
access to higher levels of Addiction medicine and substance Use disorder.
addiction medicine and substance Use disorder. Care for our map and map b
use disorder. Care for our map and map b Enrollees through other
care for our map and map b Enrollees through other Partnerships such as with
enrollees through other Partnerships such as with Recovery unplugged, karma health
partnerships such as with Recovery unplugged, karma health And santa maria hostel.
recovery unplugged, karma health And santa maria hostel. We‘re also building workforce
and santa maria hostel. We‘re also building workforce Capacity through partnerships
we‘re also building workforce Capacity through partnerships Like teach oud, which is a
capacity through partnerships Like teach oud, which is a Partnership with ut farm and
like teach oud, which is a Partnership with ut farm and Austin public health, which
partnership with ut farm and Austin public health, which Provides community care sites
austin public health, which Provides community care sites With free training, technical
provides community care sites With free training, technical Assistance and coaching.
with free training, technical Assistance and coaching. And this community collaboration
assistance and coaching. And this community collaboration Is really important because it
and this community collaboration Is really important because it Allows us to identify gaps in
is really important because it Allows us to identify gaps in The care continuum and to really
allows us to identify gaps in The care continuum and to really Target our resources where
the care continuum and to really Target our resources where They‘re most needed, precisely
target our resources where They‘re most needed, precisely When they‘re needed.
they‘re most needed, precisely When they‘re needed. And this includes the
when they‘re needed. And this includes the Installation of 25 new naloxone
and this includes the Installation of 25 new naloxone Distribution machines throughout
installation of 25 new naloxone Distribution machines throughout Our communities.
distribution machines throughout Our communities. Now, I‘m going to hand it off to
our communities. Now, I‘m going to hand it off to Jp to talk a little bit about
now, I‘m going to hand it off to Jp to talk a little bit about Some of the data points in the
jp to talk a little bit about Some of the data points in the Annual report.
some of the data points in the Annual report. Thank you.
annual report. Thank you. >> capital plaza, the bridge
thank you. >> capital plaza, the bridge Clinic.
Or is that something different?
clinic. Or is that something different? >> there are, I think, four
or is that something different? >> there are, I think, four Different services located in
Capital plaza, including wam and
different services located in Capital plaza, including wam and The bridge clinic.
capital plaza, including wam and The bridge clinic. >> okay.
the bridge clinic. >> okay. Thank you.
>> good afternoon.
thank you. >> good afternoon. I want to briefly take a broader
System view and recap some of
Our big picture numbers from
system view and recap some of Our big picture numbers from 2025.
our big picture numbers from 2025. Generally, we‘ve continued our
Year over year positive growth
generally, we‘ve continued our Year over year positive growth Of enrolling uninsured and low
year over year positive growth Of enrolling uninsured and low Income residents in health
of enrolling uninsured and low Income residents in health Coverage and getting them into
income residents in health Coverage and getting them into Care.
coverage and getting them into Care. Additionally, we‘ve seen
care. Additionally, we‘ve seen Remarkable rebound since the
additionally, we‘ve seen Remarkable rebound since the Pandemic, despite significant
remarkable rebound since the Pandemic, despite significant Policy headwinds and slowing
pandemic, despite significant Policy headwinds and slowing Population growth.
policy headwinds and slowing Population growth. Our enrollment in patient
population growth. Our enrollment in patient Volumes are higher than they‘ve
our enrollment in patient Volumes are higher than they‘ve Ever been.
volumes are higher than they‘ve Ever been. In 2025, we saw a 7% increase in
ever been. In 2025, we saw a 7% increase in Map enrollment, representing
in 2025, we saw a 7% increase in Map enrollment, representing More than 4000 additional
map enrollment, representing More than 4000 additional Residents.
more than 4000 additional Residents. Our map basic program
residents. Our map basic program Experienced 10% year over year
our map basic program Experienced 10% year over year Growth, an increase of nearly
experienced 10% year over year Growth, an increase of nearly 10,000 new members through
growth, an increase of nearly 10,000 new members through Central health community care
And our contracted network.
central health community care And our contracted network. That includes more than 260
and our contracted network. That includes more than 260 Locations.
that includes more than 260 Locations. We provided care to more than
locations. We provided care to more than 180 thousand people last year,
we provided care to more than 180 thousand people last year, Or one out of every eight travis
County residents.
or one out of every eight travis County residents. While the number of primary care
county residents. While the number of primary care Visits, which includes visits at
while the number of primary care Visits, which includes visits at Community care and contracted
visits, which includes visits at Community care and contracted Providers such as peoples and
community care and contracted Providers such as peoples and Lone star circle of care
providers such as peoples and Lone star circle of care Slightly decreased from last
lone star circle of care Slightly decreased from last Year.
slightly decreased from last Year. This is likely due to updates in
year. This is likely due to updates in How we track and aggregate those
this is likely due to updates in How we track and aggregate those Counts.
how we track and aggregate those Counts. Additionally, we started
counts. Additionally, we started Tracking some new upstream
additionally, we started Tracking some new upstream Upstream indicators this year,
tracking some new upstream Upstream indicators this year, Including the number of sendero
upstream indicators this year, Including the number of sendero Members and the pounds of
including the number of sendero Members and the pounds of Healthy food distributed to
members and the pounds of Healthy food distributed to Patients through our mobile
healthy food distributed to Patients through our mobile Pharmacy program.
patients through our mobile Pharmacy program. >> I just ask for that.
pharmacy program. >> I just ask for that. The.
It‘s surprising if you‘re.
the. It‘s surprising if you‘re. If you‘re seeing such an
it‘s surprising if you‘re. If you‘re seeing such an Increase in the patients served.
if you‘re seeing such an Increase in the patients served. But a decrease in primary care
increase in the patients served. But a decrease in primary care Visits.
but a decrease in primary care Visits. >> yeah, we believe what we did
visits. >> yeah, we believe what we did Is we changed to new electronic
Tracking of those visits that
is we changed to new electronic Tracking of those visits that Are actually making them more
tracking of those visits that Are actually making them more Accurate than in years past.
are actually making them more Accurate than in years past. So we think we‘re actually right
accurate than in years past. So we think we‘re actually right Sizing what we were compared to
so we think we‘re actually right Sizing what we were compared to Previous years.
sizing what we were compared to Previous years. >> so you wouldn‘t expect to see
previous years. >> so you wouldn‘t expect to see A decrease in future years
Because you‘ve you‘ve better
a decrease in future years Because you‘ve you‘ve better Calibrated how you‘re tracking
because you‘ve you‘ve better Calibrated how you‘re tracking It.
calibrated how you‘re tracking It. >> that‘s correct.
it. >> that‘s correct. >> one other thing that I might
Add, the numbers that they are
Presenting reflects all of the
add, the numbers that they are Presenting reflects all of the Primary care.
presenting reflects all of the Primary care. Although community care is the
primary care. Although community care is the Largest provider and we have
although community care is the Largest provider and we have Seen an increase that.
largest provider and we have Seen an increase that. The numbers may fluctuate in
seen an increase that. The numbers may fluctuate in Some of the other providers that
the numbers may fluctuate in Some of the other providers that Are part of the map system, but
some of the other providers that Are part of the map system, but Not part of the central health
are part of the map system, but Not part of the central health System.
not part of the central health System. >> now, I‘d like to pass it back
system. >> now, I‘d like to pass it back To pat to discuss our budget
Development.
to pat to discuss our budget Development. >> okay.
development. >> okay. Thank you, j.p. Thank you,
Justine.
thank you, j.p. Thank you, Justine. So just a brief update,
justine. So just a brief update, Commissioners, on where we are
so just a brief update, Commissioners, on where we are In our budget development
commissioners, on where we are In our budget development Process.
in our budget development Process. This is a slide with a lot of
process. This is a slide with a lot of Detail on it, but this is the
this is a slide with a lot of Detail on it, but this is the Timeline that we use to track
detail on it, but this is the Timeline that we use to track Our progress through the run up
timeline that we use to track Our progress through the run up To the budget.
our progress through the run up To the budget. And we move through a range of
to the budget. And we move through a range of Several milestones with each
and we move through a range of Several milestones with each Step building on the one before
several milestones with each Step building on the one before It.
step building on the one before It. So as you see in this calendar,
it. So as you see in this calendar, We‘ve outlined each phase of
so as you see in this calendar, We‘ve outlined each phase of That development beginning back
we‘ve outlined each phase of That development beginning back In march.
that development beginning back In march. As we touched on our last
in march. As we touched on our last Presentation, we began with our
as we touched on our last Presentation, we began with our Board of managers to identify
presentation, we began with our Board of managers to identify And, and, and confirm the
board of managers to identify And, and, and confirm the Driving forces that could affect
and, and, and confirm the Driving forces that could affect Our priorities.
driving forces that could affect Our priorities. This is the external
our priorities. This is the external Opportunities and threats that
this is the external Opportunities and threats that Perhaps we hadn‘t known about
opportunities and threats that Perhaps we hadn‘t known about When we confirmed our last
perhaps we hadn‘t known about When we confirmed our last Strategic plan.
when we confirmed our last Strategic plan. So how do we adjust to the
strategic plan. So how do we adjust to the Environment around us, ground us
so how do we adjust to the Environment around us, ground us In a shared understanding of the
environment around us, ground us In a shared understanding of the External environment.
in a shared understanding of the External environment. This past month, we then built
external environment. This past month, we then built On that with our board to
this past month, we then built On that with our board to Confirm a set of system wide
on that with our board to Confirm a set of system wide Objectives and key results, or
confirm a set of system wide Objectives and key results, or Okrs.
objectives and key results, or Okrs. The central question for okrs is
okrs. The central question for okrs is What do we want to improve
the central question for okrs is What do we want to improve Beyond our current performance?
what do we want to improve Beyond our current performance? So what are we going to focus on
beyond our current performance? So what are we going to focus on And make better in fy 27?
so what are we going to focus on And make better in fy 27? The board has now approved for
and make better in fy 27? The board has now approved for Objectives and nine key results,
the board has now approved for Objectives and nine key results, Feeding into those four
objectives and nine key results, Feeding into those four Objectives that will define our
feeding into those four Objectives that will define our Goals for the coming year.
objectives that will define our Goals for the coming year. We are now this month in a
goals for the coming year. We are now this month in a Process of developing system
we are now this month in a Process of developing system Wide key performance indicators,
process of developing system Wide key performance indicators, Or kpis, whose purpose is to
wide key performance indicators, Or kpis, whose purpose is to Help us monitor progress as we
or kpis, whose purpose is to Help us monitor progress as we Pursue those improvements and
help us monitor progress as we Pursue those improvements and Also ensure that we sustain
pursue those improvements and Also ensure that we sustain Performance in vital areas of
also ensure that we sustain Performance in vital areas of Excellence today.
performance in vital areas of Excellence today. So we expect these kpis to be
excellence today. So we expect these kpis to be Finalized and approved by the
so we expect these kpis to be Finalized and approved by the Board at the end of this month,
finalized and approved by the Board at the end of this month, And our next quarterly
board at the end of this month, And our next quarterly Presentation will be able to
and our next quarterly Presentation will be able to Share a high level overview with
presentation will be able to Share a high level overview with The court of all the okrs and
share a high level overview with The court of all the okrs and Kpis for next year.
the court of all the okrs and Kpis for next year. At the same time, the community
kpis for next year. At the same time, the community Conversations, each of your
at the same time, the community Conversations, each of your Precincts are incredibly
conversations, each of your Precincts are incredibly Important to help inform the
precincts are incredibly Important to help inform the Priorities reflected in next
important to help inform the Priorities reflected in next Year‘s budget proposal.
priorities reflected in next Year‘s budget proposal. There are a number of things
year‘s budget proposal. There are a number of things We‘re doing now.
there are a number of things We‘re doing now. For example, the focus on food
we‘re doing now. For example, the focus on food As medicine and the food
for example, the focus on food As medicine and the food Pharmacy that we‘re strong
as medicine and the food Pharmacy that we‘re strong Themes emerging out of a number
pharmacy that we‘re strong Themes emerging out of a number Of the community conversations
themes emerging out of a number Of the community conversations In the previous budget year.
of the community conversations In the previous budget year. Together, all of these steps
in the previous budget year. Together, all of these steps Inform our financial
together, all of these steps Inform our financial Forecasting, and the strategic
inform our financial Forecasting, and the strategic Budget priorities will present
forecasting, and the strategic Budget priorities will present Later this summer.
budget priorities will present Later this summer. And thank you for this
later this summer. And thank you for this Opportunity to provide an update
and thank you for this Opportunity to provide an update On our process, and we‘ll be
opportunity to provide an update On our process, and we‘ll be Happy to take any questions on
on our process, and we‘ll be Happy to take any questions on This as well, or at the end.
happy to take any questions on This as well, or at the end. And so at this point, I want to
this as well, or at the end. And so at this point, I want to Shift over to our financials
and so at this point, I want to Shift over to our financials Portion presentation.
shift over to our financials Portion presentation. And I‘ll just say, as you heard
portion presentation. And I‘ll just say, as you heard Us say last quarter, central
and I‘ll just say, as you heard Us say last quarter, central Health remains financially
us say last quarter, central Health remains financially Strong.
health remains financially Strong. And to get into the details of
strong. And to get into the details of Our fiscal year financials for
and to get into the details of Our fiscal year financials for This first quarter, I‘ll pass
our fiscal year financials for This first quarter, I‘ll pass Things over to jeff, our chief
this first quarter, I‘ll pass Things over to jeff, our chief Financial officer.
things over to jeff, our chief Financial officer. >> good afternoon,
financial officer. >> good afternoon, Commissioners.
Jeff chief financial officer
commissioners. Jeff chief financial officer We‘re presenting financial
jeff chief financial officer We‘re presenting financial Statements that are in the
we‘re presenting financial Statements that are in the Appendix.
statements that are in the Appendix. Balance sheet sources.
appendix. Balance sheet sources. As of march 2026.
balance sheet sources. As of march 2026. So this is six months into the
as of march 2026. So this is six months into the Fiscal year, 50%.
so this is six months into the Fiscal year, 50%. >> could we just ask you to swap
fiscal year, 50%. >> could we just ask you to swap Microphones?
It‘s a little hard to hear you
microphones? It‘s a little hard to hear you On that one.
it‘s a little hard to hear you On that one. I think the.
on that one. I think the. >> okay.
>> yeah.
Thank you.
>> thank you.
thank you. >> thank you. Is that better?
>> yeah, yeah.
is that better? >> yeah, yeah. >> okay.
Okay.
So picking up.
okay. So picking up. So we‘re in march of 2026,
so picking up. So we‘re in march of 2026, Halfway through our fiscal year
so we‘re in march of 2026, Halfway through our fiscal year And just walking through a
halfway through our fiscal year And just walking through a Couple of highlights.
and just walking through a Couple of highlights. I‘m going to go off script a
couple of highlights. I‘m going to go off script a Little bit here.
But you know, related to our
little bit here. But you know, related to our Property tax collections, we‘re
but you know, related to our Property tax collections, we‘re Currently at $371.5 million,
property tax collections, we‘re Currently at $371.5 million, Which is on par with last year‘s
currently at $371.5 million, Which is on par with last year‘s Collection trends.
which is on par with last year‘s Collection trends. On our balance sheet, there are
collection trends. On our balance sheet, there are A couple of items our high risk
on our balance sheet, there are A couple of items our high risk Claims advanced us, and arrow is
a couple of items our high risk Claims advanced us, and arrow is At.
claims advanced us, and arrow is At. It‘s stayed flat at $13.2
at. It‘s stayed flat at $13.2 Million.
it‘s stayed flat at $13.2 Million. There are also was on our
million. There are also was on our Balance sheet down at the
there are also was on our Balance sheet down at the Bottom, there‘s a reserve called
balance sheet down at the Bottom, there‘s a reserve called A public health reserve, which
bottom, there‘s a reserve called A public health reserve, which Is a new reserve that our board
a public health reserve, which Is a new reserve that our board Of managers has approved in the
is a new reserve that our board Of managers has approved in the Amount of $12 million.
of managers has approved in the Amount of $12 million. This is a reciprocal amount held
amount of $12 million. This is a reciprocal amount held In central health that‘s
this is a reciprocal amount held In central health that‘s Designated in central health,
in central health that‘s Designated in central health, That‘s also designated at
designated in central health, That‘s also designated at Community care and just
that‘s also designated at Community care and just Represents available funding.
community care and just Represents available funding. In the event that something
represents available funding. In the event that something Unforeseen were to happen, that
in the event that something Unforeseen were to happen, that We could react quickly and have
unforeseen were to happen, that We could react quickly and have At least 30 days of cash on hand
we could react quickly and have At least 30 days of cash on hand To start dealing with any
at least 30 days of cash on hand To start dealing with any Financial implications of that.
to start dealing with any Financial implications of that. Our direct specialty care
financial implications of that. Our direct specialty care Services, which is our clinical
our direct specialty care Services, which is our clinical Practice, and this is a new line
services, which is our clinical Practice, and this is a new line Over the past few years, is at
practice, and this is a new line Over the past few years, is at $26.8 million, which is 33% of
over the past few years, is at $26.8 million, which is 33% of Our year to date budget,
Significant increase from last
our year to date budget, Significant increase from last Year of $10.3 million.
significant increase from last Year of $10.3 million. There are a few of the specialty
year of $10.3 million. There are a few of the specialty Care lines that have just begun,
there are a few of the specialty Care lines that have just begun, What I‘ll call ramping up.
care lines that have just begun, What I‘ll call ramping up. So in other words, they‘re just
what I‘ll call ramping up. So in other words, they‘re just Kind of starting and seeing
so in other words, they‘re just Kind of starting and seeing Larger increases of patients.
kind of starting and seeing Larger increases of patients. Those include endocrinology,
larger increases of patients. Those include endocrinology, Rheumatology, and physical
those include endocrinology, Rheumatology, and physical Therapy.
rheumatology, and physical Therapy. One of the challenges that we‘ve
therapy. One of the challenges that we‘ve Had in our specialty care
one of the challenges that we‘ve Had in our specialty care Practice is neurology and just
had in our specialty care Practice is neurology and just The ability to hire a
practice is neurology and just The ability to hire a Neurologist that that has been a
the ability to hire a Neurologist that that has been a Big challenge related to our
neurologist that that has been a Big challenge related to our Network.
big challenge related to our Network. >> what is that specialty?
network. >> what is that specialty? New.
>> neurology.
new. >> neurology. >> neurology.
>> all right.
Oh.
>> I‘m sorry, I misunderstood.
oh. >> I‘m sorry, I misunderstood. That‘s all right.
>> one of the things that‘s an
that‘s all right. >> one of the things that‘s an Important element of specialty
Care is just provider
important element of specialty Care is just provider Recruitment.
care is just provider Recruitment. And we have a number of hires
recruitment. And we have a number of hires That are in transit.
and we have a number of hires That are in transit. Just briefly mentioning what
that are in transit. Just briefly mentioning what Those are.
just briefly mentioning what Those are. Three gastroenterologists, two
those are. Three gastroenterologists, two Psychiatrists, three
three gastroenterologists, two Psychiatrists, three Podiatrists.
psychiatrists, three Podiatrists. And we in our pulmonology
podiatrists. And we in our pulmonology Service line, we‘ve begun sleep
and we in our pulmonology Service line, we‘ve begun sleep Studies and having those
service line, we‘ve begun sleep Studies and having those Internal we think is is a great
studies and having those Internal we think is is a great Service for our patients instead
internal we think is is a great Service for our patients instead Of contracting for that primary
service for our patients instead Of contracting for that primary Care services are increased to
of contracting for that primary Care services are increased to $49.9 million year to date, this
care services are increased to $49.9 million year to date, this Is 48% of the budget, up 12.3
Million from last year.
is 48% of the budget, up 12.3 Million from last year. Behavioral health is at $14.8
million from last year. Behavioral health is at $14.8 Million, which is 37% of the
behavioral health is at $14.8 Million, which is 37% of the Budget.
million, which is 37% of the Budget. Opioid abatement expenses at
budget. Opioid abatement expenses at 172,000 this month, 488,000 a
opioid abatement expenses at 172,000 this month, 488,000 a Day.
And then some expenses related
day. And then some expenses related To a grant from echo that we‘ve
and then some expenses related To a grant from echo that we‘ve Received a couple of other
to a grant from echo that we‘ve Received a couple of other Highlights as it relates to our
received a couple of other Highlights as it relates to our Practice in third party
highlights as it relates to our Practice in third party Contracts.
practice in third party Contracts. We have had our medicaid
contracts. We have had our medicaid Application pending for quite
we have had our medicaid Application pending for quite Some time.
application pending for quite Some time. We‘re hopeful that that will be
some time. We‘re hopeful that that will be Approved shortly.
we‘re hopeful that that will be Approved shortly. We‘ve worked through all the
approved shortly. We‘ve worked through all the Issues and are just awaiting
we‘ve worked through all the Issues and are just awaiting Approval, and then probably the
issues and are just awaiting Approval, and then probably the Most exciting part is we‘ve just
approval, and then probably the Most exciting part is we‘ve just Recently executed an agreement
most exciting part is we‘ve just Recently executed an agreement With sendero, and we‘re seeing
recently executed an agreement With sendero, and we‘re seeing Sendero patients in our network.
with sendero, and we‘re seeing Sendero patients in our network. And so that‘s we really it‘s
sendero patients in our network. And so that‘s we really it‘s Taken a while.
and so that‘s we really it‘s Taken a while. It‘s taken us a while to get
taken a while. It‘s taken us a while to get There, but it‘s really exciting
it‘s taken us a while to get There, but it‘s really exciting That we‘ll be able to see both
there, but it‘s really exciting That we‘ll be able to see both Central health patients and
that we‘ll be able to see both Central health patients and Sendero patients in our own
central health patients and Sendero patients in our own Clinical practice.
sendero patients in our own Clinical practice. >> I didn‘t realize you weren‘t
clinical practice. >> I didn‘t realize you weren‘t Able to see sendero patients
Until now.
able to see sendero patients Until now. I thought that was integrated
until now. I thought that was integrated Into central health.
>> it.
into central health. >> it. Oh, go ahead.
>> we we we we had to execute a
oh, go ahead. >> we we we we had to execute a Contract like we do with any
Provider group.
contract like we do with any Provider group. And we have to put them through
provider group. And we have to put them through Credentialing.
and we have to put them through Credentialing. And it‘s not something that
credentialing. And it‘s not something that Happens overnight.
and it‘s not something that Happens overnight. And so we‘ve completed that and
happens overnight. And so we‘ve completed that and Done a complete orientation.
and so we‘ve completed that and Done a complete orientation. And we are paying claims now to
done a complete orientation. And we are paying claims now to Central health providers for the
and we are paying claims now to Central health providers for the Program‘s clinical specialty
central health providers for the Program‘s clinical specialty Programs.
program‘s clinical specialty Programs. They have within central health.
programs. They have within central health. We already have a contract with
they have within central health. We already have a contract with Qc and have had it for years, so
we already have a contract with Qc and have had it for years, so We‘re already paying the qc, but
qc and have had it for years, so We‘re already paying the qc, but But the central health specialty
we‘re already paying the qc, but But the central health specialty Programs are new enough and
but the central health specialty Programs are new enough and That‘s.
programs are new enough and That‘s. They say they‘re just now
that‘s. They say they‘re just now Applying to medicaid to get
they say they‘re just now Applying to medicaid to get Medicaid to be able to see
applying to medicaid to get Medicaid to be able to see Medicaid patients through that.
medicaid to be able to see Medicaid patients through that. So this is not an easy process
medicaid patients through that. So this is not an easy process For central health.
so this is not an easy process For central health. So.
for central health. So. >> thank you, sharon, and I‘ll
so. >> thank you, sharon, and I‘ll Turn it over to tara now for.
>> thank you so much.
turn it over to tara now for. >> thank you so much. On the previous topic, I‘ll
Mention one of the other
on the previous topic, I‘ll Mention one of the other Initiatives that‘s coming down
mention one of the other Initiatives that‘s coming down The pipeline is to get greater
initiatives that‘s coming down The pipeline is to get greater Alignment across all the payers
the pipeline is to get greater Alignment across all the payers At community care so that we‘re
alignment across all the payers At community care so that we‘re Able to move our patients
at community care so that we‘re Able to move our patients Through the system, regardless
able to move our patients Through the system, regardless Of who their payer is, in both
through the system, regardless Of who their payer is, in both The central health and the
of who their payer is, in both The central health and the Community care space.
the central health and the Community care space. I want to thank you all so much
community care space. I want to thank you all so much For having me back today.
Unfortunately, doctor yagoda is
for having me back today. Unfortunately, doctor yagoda is Traveling, but I‘m always
unfortunately, doctor yagoda is Traveling, but I‘m always Thrilled to present to you all.
traveling, but I‘m always Thrilled to present to you all. I also want to thank
thrilled to present to you all. I also want to thank Commissioner shea for her
Wonderful remarks at the recent
commissioner shea for her Wonderful remarks at the recent Grand opening at the new hancock
wonderful remarks at the recent Grand opening at the new hancock Health center space.
grand opening at the new hancock Health center space. Your long standing support of
health center space. Your long standing support of Public health and prevention and
your long standing support of Public health and prevention and Compassionate community care has
public health and prevention and Compassionate community care has Meant a great deal to our
compassionate community care has Meant a great deal to our Patients and our care teams.
meant a great deal to our Patients and our care teams. The opening gave us an
patients and our care teams. The opening gave us an Opportunity also to reflect on
the opening gave us an Opportunity also to reflect on The extraordinary legacy of the
opportunity also to reflect on The extraordinary legacy of the David powell clinic, which is
the extraordinary legacy of the David powell clinic, which is The first occupant of the
david powell clinic, which is The first occupant of the Expansive hancock center.
the first occupant of the Expansive hancock center. That and the role that
expansive hancock center. That and the role that Particular clinic h played in
that and the role that Particular clinic h played in Shaping patient centered care
particular clinic h played in Shaping patient centered care Across the entire system over
shaping patient centered care Across the entire system over The last 35 years, david powell
across the entire system over The last 35 years, david powell Has evolved, along with the hiv
the last 35 years, david powell Has evolved, along with the hiv Epidemic itself.
has evolved, along with the hiv Epidemic itself. What began in a time of crisis
epidemic itself. What began in a time of crisis Became one of the region‘s
what began in a time of crisis Became one of the region‘s Earliest models for integrated,
became one of the region‘s Earliest models for integrated, Whole person re.
earliest models for integrated, Whole person re. Long before team based care
whole person re. Long before team based care Became common in health care,
long before team based care Became common in health care, David powell was bringing
became common in health care, David powell was bringing Together primary care,
david powell was bringing Together primary care, Behavioral health, pharmacy,
together primary care, Behavioral health, pharmacy, Nutrition support, prevention
behavioral health, pharmacy, Nutrition support, prevention Services and case management.
nutrition support, prevention Services and case management. In one coordinated setting.
services and case management. In one coordinated setting. And today, the clinic serves
in one coordinated setting. And today, the clinic serves More than 3000 patients across
and today, the clinic serves More than 3000 patients across Ten county region and continues
more than 3000 patients across Ten county region and continues To innovate more than 200
ten county region and continues To innovate more than 200 Patients now receive some of the
to innovate more than 200 Patients now receive some of the Most advanced technologies,
patients now receive some of the Most advanced technologies, Including long acting hiv
most advanced technologies, Including long acting hiv Injectables, which improve
including long acting hiv Injectables, which improve Adherence and helps reduce
injectables, which improve Adherence and helps reduce Stigma for patients who may
adherence and helps reduce Stigma for patients who may Struggle with managing daily
stigma for patients who may Struggle with managing daily Medication regimens.
struggle with managing daily Medication regimens. The clinic has also become a
medication regimens. The clinic has also become a Leader in prevention through the
the clinic has also become a Leader in prevention through the Ideal health clinic, a cdc
leader in prevention through the Ideal health clinic, a cdc Funded status neutral care
ideal health clinic, a cdc Funded status neutral care Approach.
funded status neutral care Approach. Community care has significantly
approach. Community care has significantly Expanded access to prep
community care has significantly Expanded access to prep Medication that prevents hiv
expanded access to prep Medication that prevents hiv Infection before exposure
medication that prevents hiv Infection before exposure Occurs.
infection before exposure Occurs. Prep has become one of the most
occurs. Prep has become one of the most Effective public health tools in
prep has become one of the most Effective public health tools in The world to reduce new hiv
effective public health tools in The world to reduce new hiv Infections, particularly among
the world to reduce new hiv Infections, particularly among High risk populations.
infections, particularly among High risk populations. And in the last year alone, our
high risk populations. And in the last year alone, our Prep patient population has
and in the last year alone, our Prep patient population has Nearly doubled growth.
prep patient population has Nearly doubled growth. That has been recognized by the
nearly doubled growth. That has been recognized by the Federal government and our 2025
that has been recognized by the Federal government and our 2025 Reporting.
federal government and our 2025 Reporting. David powell also demonstrates
reporting. David powell also demonstrates The importance of pairing
david powell also demonstrates The importance of pairing Affordable medications with
the importance of pairing Affordable medications with Wraparound support services
affordable medications with Wraparound support services Through the federal 340 b
wraparound support services Through the federal 340 b Program, community care is able
through the federal 340 b Program, community care is able To offer low cost medications
program, community care is able To offer low cost medications That are extremely expensive to
to offer low cost medications That are extremely expensive to Provide in other settings at a
that are extremely expensive to Provide in other settings at a Significantly reduced cost, and
provide in other settings at a Significantly reduced cost, and The savings generated through
significantly reduced cost, and The savings generated through That program help fund the
the savings generated through That program help fund the Behavioral supports the
that program help fund the Behavioral supports the Nutrition, supports, outreach,
behavioral supports the Nutrition, supports, outreach, Transportation assistance, and
nutrition, supports, outreach, Transportation assistance, and Care coordination.
transportation assistance, and Care coordination. These are the kinds of services
care coordination. These are the kinds of services That help patients remain
these are the kinds of services That help patients remain Healthy, keep them out of more
that help patients remain Healthy, keep them out of more Expensive parts of our system,
healthy, keep them out of more Expensive parts of our system, And continuously engage in long
expensive parts of our system, And continuously engage in long Term term care.
and continuously engage in long Term term care. The outcomes, because I know
term term care. The outcomes, because I know That you guys like data, reflect
the outcomes, because I know That you guys like data, reflect The strength of the model in
that you guys like data, reflect The strength of the model in 2025, community care achieved a
the strength of the model in 2025, community care achieved a 94.2 retention rate for ryan
That‘s the program, the grant
Program that helps pay for the
that‘s the program, the grant Program that helps pay for the Care and a 90% viral suppression
program that helps pay for the Care and a 90% viral suppression Rate, meaning that the vast
care and a 90% viral suppression Rate, meaning that the vast Majority of the patients in our
rate, meaning that the vast Majority of the patients in our Care have the virus controlled
majority of the patients in our Care have the virus controlled To levels that protect both
care have the virus controlled To levels that protect both Their own health and the broader
to levels that protect both Their own health and the broader Community.
their own health and the broader Community. David powell has also served a
community. David powell has also served a Critical regional public health
david powell has also served a Critical regional public health Role, which is particularly
critical regional public health Role, which is particularly Important at a time where we‘re
role, which is particularly Important at a time where we‘re Seeing other supports for that
important at a time where we‘re Seeing other supports for that Contract.
seeing other supports for that Contract. We acted as a major vaccination
contract. We acted as a major vaccination And treatment site during the
we acted as a major vaccination And treatment site during the Mpox outbreak, and operating
and treatment site during the Mpox outbreak, and operating Austin‘s only mobile hiv program
mpox outbreak, and operating Austin‘s only mobile hiv program Focused on unsheltered
austin‘s only mobile hiv program Focused on unsheltered Individuals living with hiv.
focused on unsheltered Individuals living with hiv. Perhaps most importantly, the
individuals living with hiv. Perhaps most importantly, the Lessons learned at david powell
perhaps most importantly, the Lessons learned at david powell Now shape how we care for
lessons learned at david powell Now shape how we care for Everyone across the system.
now shape how we care for Everyone across the system. Our vulnerable populations, the
everyone across the system. Our vulnerable populations, the Clinic that trust, that taught
our vulnerable populations, the Clinic that trust, that taught Us that trust, dignity, stigma
clinic that trust, that taught Us that trust, dignity, stigma Reduction, mental health,
us that trust, dignity, stigma Reduction, mental health, Housing instability and cultural
reduction, mental health, Housing instability and cultural Understanding are not secondary
housing instability and cultural Understanding are not secondary Issues in health care.
understanding are not secondary Issues in health care. They are central in achieving
issues in health care. They are central in achieving Good outcomes.
they are central in achieving Good outcomes. And so that philosophy is
good outcomes. And so that philosophy is Reflected in the design of the
and so that philosophy is Reflected in the design of the New space where hiv services are
reflected in the design of the New space where hiv services are Intentionally integrated along
new space where hiv services are Intentionally integrated along Specialty older adult care in a
intentionally integrated along Specialty older adult care in a Way that normalizes care,
specialty older adult care in a Way that normalizes care, Reduces isolation, and
way that normalizes care, Reduces isolation, and Strengthens continuity for
reduces isolation, and Strengthens continuity for Patients as they age, and is not
strengthens continuity for Patients as they age, and is not Just present at david powell,
patients as they age, and is not Just present at david powell, But for all 150 some odd
just present at david powell, But for all 150 some odd Individual patients who receive
but for all 150 some odd Individual patients who receive Care from us.
individual patients who receive Care from us. So ultimately, david powell
care from us. So ultimately, david powell Represents what we consider the
so ultimately, david powell Represents what we consider the Gold standard of care.
represents what we consider the Gold standard of care. As the folks move across the
gold standard of care. As the folks move across the Island.
as the folks move across the Island. That doctor li speaks so often
island. That doctor li speaks so often About, of what strong public
that doctor li speaks so often About, of what strong public Health infrastructure can look
about, of what strong public Health infrastructure can look Like with innovation,
health infrastructure can look Like with innovation, Prevention, affordability, and
like with innovation, Prevention, affordability, and Compassionate care that can come
prevention, affordability, and Compassionate care that can come Together in service of the
compassionate care that can come Together in service of the Community and in this case, in
together in service of the Community and in this case, in Service of travis county.
community and in this case, in Service of travis county. Now, I turn it over to jeff.
service of travis county. Now, I turn it over to jeff. >> thank you, tara.
now, I turn it over to jeff. >> thank you, tara. I want to briefly thank you
Again for allowing central
Health to come and bring you up
again for allowing central Health to come and bring you up To date on what‘s going on in
health to come and bring you up To date on what‘s going on in Our organization.
to date on what‘s going on in Our organization. One of the things that sendero
our organization. One of the things that sendero Is trying to do is to sort of
one of the things that sendero Is trying to do is to sort of Broaden our scope of services.
is trying to do is to sort of Broaden our scope of services. And so I wanted to tell you
broaden our scope of services. And so I wanted to tell you About a new entity that we have
and so I wanted to tell you About a new entity that we have Created.
about a new entity that we have Created. It‘s called sendero health
created. It‘s called sendero health Solutions, and it will function
it‘s called sendero health Solutions, and it will function As a t, p a or third party
solutions, and it will function As a t, p a or third party Administrator.
as a t, p a or third party Administrator. And we hope to outreach to the
administrator. And we hope to outreach to the Community because we now have
and we hope to outreach to the Community because we now have That capability in house to do
community because we now have That capability in house to do Claims processing, to be able to
that capability in house to do Claims processing, to be able to Work with.
claims processing, to be able to Work with. And we‘re probably going to
work with. And we‘re probably going to Focus on the nonprofit
and we‘re probably going to Focus on the nonprofit Communities in the in the area
focus on the nonprofit Communities in the in the area And help them have a health plan
communities in the in the area And help them have a health plan That can, can serve and help
and help them have a health plan That can, can serve and help Expand our coverage in the
that can, can serve and help Expand our coverage in the Community generally.
expand our coverage in the Community generally. So we‘re looking at services
community generally. So we‘re looking at services Outside of aca.
so we‘re looking at services Outside of aca. We‘re looking to expand the
outside of aca. We‘re looking to expand the Capability of sendero to
we‘re looking to expand the Capability of sendero to Diversify our book of business.
capability of sendero to Diversify our book of business. So we‘re not totally reliant on
diversify our book of business. So we‘re not totally reliant on The aca, which is, you probably
so we‘re not totally reliant on The aca, which is, you probably Are aware, is receiving
the aca, which is, you probably Are aware, is receiving Continual changes to its to its
are aware, is receiving Continual changes to its to its Governmental structure.
continual changes to its to its Governmental structure. And we are we‘re certainly
governmental structure. And we are we‘re certainly Working in not not dropping the
and we are we‘re certainly Working in not not dropping the Ball on that one at all, but we
working in not not dropping the Ball on that one at all, but we Are going to try and expand to
ball on that one at all, but we Are going to try and expand to See if we can‘t offer services
are going to try and expand to See if we can‘t offer services To the community.
see if we can‘t offer services To the community. Other component that we are
to the community. Other component that we are Building into that is a
other component that we are Building into that is a Credentialing verification
building into that is a Credentialing verification Organization.
credentialing verification Organization. We do credentialing for our
organization. We do credentialing for our Providers that we have to.
we do credentialing for our Providers that we have to. We‘ve been doing it for central
providers that we have to. We‘ve been doing it for central Health, for the map providers.
we‘ve been doing it for central Health, for the map providers. We‘re expanding to bring those
health, for the map providers. We‘re expanding to bring those Services across the across the
we‘re expanding to bring those Services across the across the Enterprise, across the whole
services across the across the Enterprise, across the whole System, under a single resource,
enterprise, across the whole System, under a single resource, So that we don‘t duplicate that
system, under a single resource, So that we don‘t duplicate that Requirement of credentialing all
so that we don‘t duplicate that Requirement of credentialing all Of our providers, which happens
requirement of credentialing all Of our providers, which happens To happen, has to occur within
of our providers, which happens To happen, has to occur within C, u, c, it has to occur within
to happen, has to occur within C, u, c, it has to occur within Central health.
c, u, c, it has to occur within Central health. So certainly has to occur within
central health. So certainly has to occur within Sendero.
so certainly has to occur within Sendero. So we‘re consolidating those
sendero. So we‘re consolidating those Services and we hope to make
so we‘re consolidating those Services and we hope to make That available to other
services and we hope to make That available to other Providers in the community so
that available to other Providers in the community so That we can help expand the
providers in the community so That we can help expand the Capability of doing doing that.
that we can help expand the Capability of doing doing that. And it‘s also creates a revenue
capability of doing doing that. And it‘s also creates a revenue Stream for sendero so that we
and it‘s also creates a revenue Stream for sendero so that we Can be more diversified in our
stream for sendero so that we Can be more diversified in our Ability to support the entire
can be more diversified in our Ability to support the entire Central health system.
ability to support the entire Central health system. >> just for a quick
central health system. >> just for a quick Clarification, I‘m not a medical
Person, and so I don‘t even
clarification, I‘m not a medical Person, and so I don‘t even Understand what the
person, and so I don‘t even Understand what the Credentialing verification
understand what the Credentialing verification Organization is.
credentialing verification Organization is. I presume people who are
organization is. I presume people who are Providing medical services have
Been trained, have gotten the
providing medical services have Been trained, have gotten the Proper credentials to practice
been trained, have gotten the Proper credentials to practice Medicine.
proper credentials to practice Medicine. So what is the.
medicine. So what is the. >> it‘s, it‘s a.
so what is the. >> it‘s, it‘s a. >> very it‘s.
>> it‘s a verification process.
It looks at each provider and it
Says, oh, you have a, you have
it looks at each provider and it Says, oh, you have a, you have A, you‘re a board certified in
says, oh, you have a, you have A, you‘re a board certified in Family medicine.
a, you‘re a board certified in Family medicine. We confirm that we actually go
family medicine. We confirm that we actually go To the various boards.
we confirm that we actually go To the various boards. We confirm the education.
to the various boards. We confirm the education. We confirm with that they have
we confirm the education. We confirm with that they have Privileges at different
we confirm with that they have Privileges at different Hospitals.
privileges at different Hospitals. >> they haven‘t basically faked
hospitals. >> they haven‘t basically faked Some kind of certification.
Could be we.
some kind of certification. Could be we. [laughter]
could be we. [laughter] Could use that at the federal
Level.
could use that at the federal Level. [laughter]
level. [laughter] Anyway.
Thank you.
anyway. Thank you. That helps.
thank you. That helps. >> so I think from now, where
that helps. >> so I think from now, where Was this go back to pat.
>> yeah.
was this go back to pat. >> yeah. So thank you.
Thank you both.
so thank you. Thank you both. Taking us home.
thank you both. Taking us home. I just want to provide a brief
taking us home. I just want to provide a brief Update on our progress.
Creating a single coordinated
update on our progress. Creating a single coordinated System on behalf of our
creating a single coordinated System on behalf of our Patients, reducing duplication,
system on behalf of our Patients, reducing duplication, Increasing efficiency, creating
patients, reducing duplication, Increasing efficiency, creating A better experience.
increasing efficiency, creating A better experience. So we‘ve taken this in phases
a better experience. So we‘ve taken this in phases And I‘m delighted to share that
so we‘ve taken this in phases And I‘m delighted to share that We‘ve now completed the first
and I‘m delighted to share that We‘ve now completed the first Phase.
we‘ve now completed the first Phase. The five areas that we have
phase. The five areas that we have Brought together include health
the five areas that we have Brought together include health Care for the homeless, epic
brought together include health Care for the homeless, epic Pharmacy, addiction medicine and
care for the homeless, epic Pharmacy, addiction medicine and Eligibility.
pharmacy, addiction medicine and Eligibility. And together, these five areas
eligibility. And together, these five areas Touch some really important
and together, these five areas Touch some really important Parts of the patient experience.
touch some really important Parts of the patient experience. How people get connected to
parts of the patient experience. How people get connected to Care, how information moves
how people get connected to Care, how information moves Across the system, how
care, how information moves Across the system, how Medications are accessed, how we
across the system, how Medications are accessed, how we Support patients with complex
medications are accessed, how we Support patients with complex Needs, how we help people
support patients with complex Needs, how we help people Qualify for services and
needs, how we help people Qualify for services and Coverage available to them.
qualify for services and Coverage available to them. We‘re now hard at work on our
coverage available to them. We‘re now hard at work on our Phase two focus areas, which
we‘re now hard at work on our Phase two focus areas, which Include provider credentialing,
phase two focus areas, which Include provider credentialing, Ambulatory specialty care,
include provider credentialing, Ambulatory specialty care, Process improvement,
ambulatory specialty care, Process improvement, Transportation solutions, and
process improvement, Transportation solutions, and Revenue cycle.
transportation solutions, and Revenue cycle. These areas are critical to how
revenue cycle. These areas are critical to how Well our system functions they
these areas are critical to how Well our system functions they Drive, how quickly patients can
well our system functions they Drive, how quickly patients can Be seen, how easily they can
drive, how quickly patients can Be seen, how easily they can Move between services, how
be seen, how easily they can Move between services, how Consistently our teams operate
move between services, how Consistently our teams operate And how responsibly manage
consistently our teams operate And how responsibly manage Resources entrusted to us.
and how responsibly manage Resources entrusted to us. Looking ahead down the road, we
resources entrusted to us. Looking ahead down the road, we Know that communications and
looking ahead down the road, we Know that communications and Marketing external affairs are
know that communications and Marketing external affairs are Up next, and there‘ll be more
marketing external affairs are Up next, and there‘ll be more Behind that.
up next, and there‘ll be more Behind that. But as our system gws, it
behind that. But as our system gws, it Becomes even more important that
but as our system gws, it Becomes even more important that We are telling one clear story,
becomes even more important that We are telling one clear story, One mission, one team
we are telling one clear story, One mission, one team Coordinating our outreach,
one mission, one team Coordinating our outreach, Working together with
coordinating our outreach, Working together with Yourselves, other elected
working together with Yourselves, other elected Officials, partners, and the
yourselves, other elected Officials, partners, and the Community in a unified way.
officials, partners, and the Community in a unified way. And so with that, I just want to
community in a unified way. And so with that, I just want to Say a huge thank you for the
and so with that, I just want to Say a huge thank you for the Privilege of being here with all
say a huge thank you for the Privilege of being here with all Of you.
privilege of being here with all Of you. Thank you for your leadership,
of you. Thank you for your leadership, For accompanying us in so many
thank you for your leadership, For accompanying us in so many Ways through our journey.
for accompanying us in so many Ways through our journey. As we called out at the
ways through our journey. As we called out at the Beginning.
as we called out at the Beginning. And we‘d be happy to open up for
beginning. And we‘d be happy to open up for Any of your questions.
and we‘d be happy to open up for Any of your questions. Actually, before I do that,
any of your questions. Actually, before I do that, Chair rodriguez or vice chair,
actually, before I do that, Chair rodriguez or vice chair, Any closing comments you‘d like
chair rodriguez or vice chair, Any closing comments you‘d like To offer?
any closing comments you‘d like To offer? >> no, I think I think this is
to offer? >> no, I think I think this is Such a great example of how
We‘re continuing to build trust
such a great example of how We‘re continuing to build trust Throughout our entire health
we‘re continuing to build trust Throughout our entire health Care system, and I‘ll stop
throughout our entire health Care system, and I‘ll stop There.
care system, and I‘ll stop There. >> well.
there. >> well. It‘s building trust across our
Entire health care system, but
it‘s building trust across our Entire health care system, but It‘s also building trust in our
entire health care system, but It‘s also building trust in our Community, which is so critical
it‘s also building trust in our Community, which is so critical As we continue to move forward
community, which is so critical As we continue to move forward And in our access to care.
as we continue to move forward And in our access to care. So it‘s all the way around, all
and in our access to care. So it‘s all the way around, all The way around.
so it‘s all the way around, all The way around. >> questions?
the way around. >> questions? >> I just want to to commend the
Team for being willing to come
Out to the community and educate
team for being willing to come Out to the community and educate The community on how the system
out to the community and educate The community on how the system Is growing.
the community on how the system Is growing. That‘s kind of why I ask for a
is growing. That‘s kind of why I ask for a Delta report every year, so that
that‘s kind of why I ask for a Delta report every year, so that We can look we can look at last
delta report every year, so that We can look we can look at last Year‘s budget as our baseline or
we can look we can look at last Year‘s budget as our baseline or Look back 2 or 3 years and see
year‘s budget as our baseline or Look back 2 or 3 years and see How things, see how the demand
look back 2 or 3 years and see How things, see how the demand Has grown and how we have grown
how things, see how the demand Has grown and how we have grown To meet that demand in a in a
has grown and how we have grown To meet that demand in a in a Time where the federal
to meet that demand in a in a Time where the federal Government is abdicating its
time where the federal Government is abdicating its Responsibility to the health
government is abdicating its Responsibility to the health Care system, followed closely by
responsibility to the health Care system, followed closely by The state, it is important that
care system, followed closely by The state, it is important that That we are able to put the
the state, it is important that That we are able to put the Resources that we can as a
that we are able to put the Resources that we can as a Community together to make sure
resources that we can as a Community together to make sure That our community members are
community together to make sure That our community members are Served.
that our community members are Served. And you guys are our voices,
served. And you guys are our voices, Our, our, our boots and, and,
and you guys are our voices, Our, our, our boots and, and, And our, our representation on
our, our, our boots and, and, And our, our representation on The ground.
and our, our representation on The ground. So I happy to see the direction
the ground. So I happy to see the direction That we‘re taking.
so I happy to see the direction That we‘re taking. I‘m happy to see the integration
that we‘re taking. I‘m happy to see the integration Between central health community
Care and sendero think.
between central health community Care and sendero think. I think that gives a very strong
care and sendero think. I think that gives a very strong Message.
I‘m happy that I have the.
message. I‘m happy that I have the. The chair on speed dial and I
Can call him after midnight if.
the chair on speed dial and I Can call him after midnight if. [laughter]
can call him after midnight if. [laughter] Necessary.
>> why do you keep calling
necessary. >> why do you keep calling People after.
He references this with many
people after. He references this with many People?
he references this with many People? >> okay, so bad stuff happens.
people? >> okay, so bad stuff happens. [laughter]
Around here after midnight.
>> okay.
around here after midnight. >> okay. >> but my dad used to tell me
Nothing good.
[laughter]
nothing good. [laughter] Happens after ten.
Go home.
happens after ten. Go home. Some folks.
go home. Some folks. [laughter]
some folks. [laughter] Don‘t go home.
So.
don‘t go home. So. But it‘s important to know that
so. But it‘s important to know that We can reach out to you.
but it‘s important to know that We can reach out to you. It‘s important to know that we
we can reach out to you. It‘s important to know that we Are building systems, not just
it‘s important to know that we Are building systems, not just Transactions.
are building systems, not just Transactions. And I would appreciate the work
transactions. And I would appreciate the work That you‘ve done.
and I would appreciate the work That you‘ve done. And I‘ll try to call you before
that you‘ve done. And I‘ll try to call you before Midnight.
and I‘ll try to call you before Midnight. >> thank you.
midnight. >> thank you. Sir.
>> just want to say I, I
sir. >> just want to say I, I Really want to celebrate the
Progress that that this
really want to celebrate the Progress that that this Presentation, I think really
progress that that this Presentation, I think really Demonstrates because we only a
presentation, I think really Demonstrates because we only a Few years ago, we had real
demonstrates because we only a Few years ago, we had real Concerns about approving the
few years ago, we had real Concerns about approving the Budget because we felt like we
concerns about approving the Budget because we felt like we Weren‘t getting our questions
budget because we felt like we Weren‘t getting our questions Answered.
weren‘t getting our questions Answered. And there was a lot of concern
answered. And there was a lot of concern From the community.
and there was a lot of concern From the community. What are we getting for the
from the community. What are we getting for the Additional $35 million that are
what are we getting for the Additional $35 million that are Being spent?
additional $35 million that are Being spent? And I and I do still have
being spent? And I and I do still have Questions on that.
and I and I do still have Questions on that. But but you‘ve done a lot of
questions on that. But but you‘ve done a lot of Work to answer those questions
but but you‘ve done a lot of Work to answer those questions And to work more cooperatively
work to answer those questions And to work more cooperatively With ut and del med and get more
and to work more cooperatively With ut and del med and get more Answers for that information.
with ut and del med and get more Answers for that information. But I‘m just really impressed
answers for that information. But I‘m just really impressed With the vision that you‘ve
but I‘m just really impressed With the vision that you‘ve Created and that you‘re
with the vision that you‘ve Created and that you‘re Implementing to bring together
created and that you‘re Implementing to bring together These islands of care where
implementing to bring together These islands of care where People were, as you described,
these islands of care where People were, as you described, Doctor lee, swimming from island
people were, as you described, Doctor lee, swimming from island To island and drowning on the
doctor lee, swimming from island To island and drowning on the Way, not getting the care they
to island and drowning on the Way, not getting the care they Needed.
way, not getting the care they Needed. And, and, and suffering really
needed. And, and, and suffering really Serious health consequences.
and, and, and suffering really Serious health consequences. I did have a couple of questions
serious health consequences. I did have a couple of questions With the highlights in the
Increase in the direct specialty
with the highlights in the Increase in the direct specialty Care and the increase in the
increase in the direct specialty Care and the increase in the Primary care, it seems like
care and the increase in the Primary care, it seems like These are these are really
primary care, it seems like These are these are really Important increases in there and
these are these are really Important increases in there and They‘re super valuable services
important increases in there and They‘re super valuable services For people because that was
they‘re super valuable services For people because that was Another area people were having
for people because that was Another area people were having To wait a long time for
another area people were having To wait a long time for Specialty care services.
to wait a long time for Specialty care services. And are these essentially almost
specialty care services. And are these essentially almost All medicare or medicaid
and are these essentially almost All medicare or medicaid Reimbursed?
all medicare or medicaid Reimbursed? I guess it would be medicaid.
reimbursed? I guess it would be medicaid. >> it is a combination depending
On which environment is in.
So in terms of the central
on which environment is in. So in terms of the central Health specialty services, as we
so in terms of the central Health specialty services, as we Talked about before, those are
health specialty services, as we Talked about before, those are Primary right now.
talked about before, those are Primary right now. Map, map, basic patients.
primary right now. Map, map, basic patients. They have received the ability
map, map, basic patients. They have received the ability To serve medicare patients
they have received the ability To serve medicare patients Fairly recently.
to serve medicare patients Fairly recently. Medicaid is still pending.
fairly recently. Medicaid is still pending. They‘ve added sendero in
medicaid is still pending. They‘ve added sendero in Community care environment
they‘ve added sendero in Community care environment Because we are older and we can
community care environment Because we are older and we can See patients across.
because we are older and we can See patients across. And we also have sliding scale
see patients across. And we also have sliding scale Fee and other grant programs to
and we also have sliding scale Fee and other grant programs to Help support.
fee and other grant programs to Help support. And we do have some specialty
help support. And we do have some specialty Services.
and we do have some specialty Services. So we are able to see medicaid
services. So we are able to see medicaid And medicare.
so we are able to see medicaid And medicare. But that is why when we start
and medicare. But that is why when we start Talking about coverages, we‘re
but that is why when we start Talking about coverages, we‘re Trying to make sure that
talking about coverages, we‘re Trying to make sure that Coverage is consistent across
trying to make sure that Coverage is consistent across The board.
coverage is consistent across The board. So it doesn‘t matter which door
the board. So it doesn‘t matter which door Folks enter, they can be seen
so it doesn‘t matter which door Folks enter, they can be seen And cared for.
folks enter, they can be seen And cared for. >> okay.
and cared for. >> okay. Anyway, just great, great kudos
For the vision and the
anyway, just great, great kudos For the vision and the Implementation on providing more
for the vision and the Implementation on providing more Care and better care to the
implementation on providing more Care and better care to the Community.
care and better care to the Community. And honestly, given the increase
community. And honestly, given the increase In health care costs that costs,
and honestly, given the increase In health care costs that costs, That every entity is seeing, I‘d
in health care costs that costs, That every entity is seeing, I‘d Love to know if at some point
that every entity is seeing, I‘d Love to know if at some point Sendero can, you know, be a
love to know if at some point Sendero can, you know, be a Service provider for that kind
sendero can, you know, be a Service provider for that kind Of thing for institutions like
service provider for that kind Of thing for institutions like Travis county, I don‘t know if
of thing for institutions like Travis county, I don‘t know if That‘s feasible in the future,
travis county, I don‘t know if That‘s feasible in the future, But we are really struggling
that‘s feasible in the future, But we are really struggling With substantial cost increases
but we are really struggling With substantial cost increases That were unanticipated.
with substantial cost increases That were unanticipated. Thank you.
that were unanticipated. Thank you. >> I‘d love to.
thank you. >> I‘d love to. >> commissioner.
Thank you all for being here.
I love these presentations, and
thank you all for being here. I love these presentations, and You all are such a well greased
Machine.
you all are such a well greased Machine. Now on presenting together.
machine. Now on presenting together. It feels like a nice family
now on presenting together. It feels like a nice family Show.
it feels like a nice family Show. So thank you very much.
show. So thank you very much. I‘m sharon, I want to follow up
so thank you very much. I‘m sharon, I want to follow up With you about helping a group
Of lawyers that the county
with you about helping a group Of lawyers that the county Relies on, who represent, who do
of lawyers that the county Relies on, who represent, who do Our criminal public defense
relies on, who represent, who do Our criminal public defense Work, they‘re solo
our criminal public defense Work, they‘re solo Practitioners.
work, they‘re solo Practitioners. And one thing we‘ve identified
practitioners. And one thing we‘ve identified That could help make their work
and one thing we‘ve identified That could help make their work More affordable, as if they had
that could help make their work More affordable, as if they had Access to health care.
more affordable, as if they had Access to health care. And we don‘t know how to help
access to health care. And we don‘t know how to help Them do that, you.
and we don‘t know how to help Them do that, you. [laughter]
them do that, you. [laughter] Know,ut maybe you do.
So we‘ll.
know,ut maybe you do. So we‘ll. >> we‘ll.
so we‘ll. >> we‘ll. [laughter]
Have a conversation, okay?
>> okay.
have a conversation, okay? >> okay. Secondly, for all of those in
The room that have worked on
secondly, for all of those in The room that have worked on Homelessness together with me,
the room that have worked on Homelessness together with me, It‘s fun to see that central
homelessness together with me, It‘s fun to see that central Health got a grant from echo.
it‘s fun to see that central Health got a grant from echo. Did you all hear that?
health got a grant from echo. Did you all hear that? That‘s pretty.
did you all hear that? That‘s pretty. It‘s usually we‘re begging
that‘s pretty. It‘s usually we‘re begging Central health for money for
it‘s usually we‘re begging Central health for money for Echo.
central health for money for Echo. So that‘s sort of a new way of
echo. So that‘s sort of a new way of Doing business.
so that‘s sort of a new way of Doing business. You talk about trust and you
doing business. You talk about trust and you Talk about the community.
you talk about trust and you Talk about the community. And with all this growth, can
talk about the community. And with all this growth, can Anybody comment on what the rest
and with all this growth, can Anybody comment on what the rest Of the health care community,
anybody comment on what the rest Of the health care community, The the providers in the
of the health care community, The the providers in the Community?
the the providers in the Community? What are y‘all finding?
community? What are y‘all finding? Are they accepng all of this
what are y‘all finding? Are they accepng all of this Growth from central health, or
are they accepng all of this Growth from central health, or Are you building new
growth from central health, or Are you building new Relationships?
are you building new Relationships? Like, what is your expansion
relationships? Like, what is your expansion Doing to the ecosystem of health
like, what is your expansion Doing to the ecosystem of health Care?
doing to the ecosystem of health Care? I‘m just curious about that.
care? I‘m just curious about that. >> yeah, I love that question.
And let me first say a huge
Thank you to matt, malika and
and let me first say a huge Thank you to matt, malika and The team at echo.
thank you to matt, malika and The team at echo. That collaboration and the
the team at echo. That collaboration and the Collaboration with david gray
that collaboration and the Collaboration with david gray And the city of austin, you
collaboration with david gray And the city of austin, you Know, with pilar sanchez and the
and the city of austin, you Know, with pilar sanchez and the Team at the county and our
know, with pilar sanchez and the Team at the county and our Integral care colleagues, the
team at the county and our Integral care colleagues, the Homeless community has opened
integral care colleagues, the Homeless community has opened Their arms and have allowed us
homeless community has opened Their arms and have allowed us To work together arm in arm, and
their arms and have allowed us To work together arm in arm, and We really appreciate that.
to work together arm in arm, and We really appreciate that. So I didn‘t want to miss that
we really appreciate that. So I didn‘t want to miss that Point.
so I didn‘t want to miss that Point. Thanks for calling that out and
point. Thanks for calling that out and For your leadership.
thanks for calling that out and For your leadership. Commissioner howard in that
for your leadership. Commissioner howard in that Space.
commissioner howard in that Space. And to your second question.
space. And to your second question. The short answer is yes.
and to your second question. The short answer is yes. You know, in these islands of
the short answer is yes. You know, in these islands of Care, commissioner shea, a lot
you know, in these islands of Care, commissioner shea, a lot Of patients couldn‘t get the
care, commissioner shea, a lot Of patients couldn‘t get the Preventive care they needed.
of patients couldn‘t get the Preventive care they needed. They couldn‘t manage their
preventive care they needed. They couldn‘t manage their Chronic diseases.
they couldn‘t manage their Chronic diseases. They went undiagnosed for their
chronic diseases. They went undiagnosed for their Cancers until it was too late.
they went undiagnosed for their Cancers until it was too late. But then they showed up in the
cancers until it was too late. But then they showed up in the Emergency department and they
but then they showed up in the Emergency department and they Showed up in the crisis care
emergency department and they Showed up in the crisis care System, in the jail, on the
showed up in the crisis care System, in the jail, on the Street, or just much more
system, in the jail, on the Street, or just much more Advanced disease.
street, or just much more Advanced disease. And no doctor likes to see that.
advanced disease. And no doctor likes to see that. And so as we have begun to
and no doctor likes to see that. And so as we have begun to Provide meaningful access across
and so as we have begun to Provide meaningful access across 35 new specialty and diagnostic
provide meaningful access across 35 new specialty and diagnostic Services for low income
Individuals that did not exist
services for low income Individuals that did not exist Before, we have found a lot of
individuals that did not exist Before, we have found a lot of Common cause.
before, we have found a lot of Common cause. In particular, I want to lift up
common cause. In particular, I want to lift up Our colleagues at the university
in particular, I want to lift up Our colleagues at the university Of texas, in particular, so many
our colleagues at the university Of texas, in particular, so many Of the physicians, faculty,
of texas, in particular, so many Of the physicians, faculty, Trainees, residents who‘ve come
of the physicians, faculty, Trainees, residents who‘ve come To train or teach or serve at
trainees, residents who‘ve come To train or teach or serve at Ut, you know, come because they
to train or teach or serve at Ut, you know, come because they Believe in doing the very best
ut, you know, come because they Believe in doing the very best That‘s that‘s possible on planet
believe in doing the very best That‘s that‘s possible on planet Earth.
that‘s that‘s possible on planet Earth. And they want to care for
earth. And they want to care for Everybody in our community.
and they want to care for Everybody in our community. And so there are innumerable
everybody in our community. And so there are innumerable Conversations that we‘ve been
and so there are innumerable Conversations that we‘ve been Having across a range of
conversations that we‘ve been Having across a range of Specialties as we figure out
having across a range of Specialties as we figure out Even better ways to work
specialties as we figure out Even better ways to work Alongside.
even better ways to work Alongside. And as the court has seen, I
alongside. And as the court has seen, I Think in a relatively recent
and as the court has seen, I Think in a relatively recent Presentation, much of that work
think in a relatively recent Presentation, much of that work Is done by ut faculty and
presentation, much of that work Is done by ut faculty and Fellows and residents and
is done by ut faculty and Fellows and residents and Students in our community care.
fellows and residents and Students in our community care. You know, clinical environments.
students in our community care. You know, clinical environments. And soon, you know, in our
you know, clinical environments. And soon, you know, in our Central health specialty
and soon, you know, in our Central health specialty Environments as well.
central health specialty Environments as well. And so I think it is a welcome
environments as well. And so I think it is a welcome Thing to see that we are
and so I think it is a welcome Thing to see that we are Beginning to round out the
thing to see that we are Beginning to round out the Availability of services for the
beginning to round out the Availability of services for the Probably 1 in 4, you know,
availability of services for the Probably 1 in 4, you know, Eventually members of our
probably 1 in 4, you know, Eventually members of our Community who need access, you
eventually members of our Community who need access, you Know, and, and can‘t just go pay
community who need access, you Know, and, and can‘t just go pay Out of pocket, you know, to one
know, and, and can‘t just go pay Out of pocket, you know, to one Of the private clinics.
out of pocket, you know, to one Of the private clinics. And so generally response in
of the private clinics. And so generally response in Very, very positive,
and so generally response in Very, very positive, Commissioner.
very, very positive, Commissioner. >> thank you.
commissioner. >> thank you. >> if I may contribute to that
Within sendero, we have about
Close to 11,000 providers that
within sendero, we have about Close to 11,000 providers that Are in our network, and we
close to 11,000 providers that Are in our network, and we Continually.
are in our network, and we Continually. In fact, just this week, I‘ve
continually. In fact, just this week, I‘ve Had a conversation with my
in fact, just this week, I‘ve Had a conversation with my Network team to say, slow it up,
had a conversation with my Network team to say, slow it up, Guys.
network team to say, slow it up, Guys. We can‘t quite keep up with the
guys. We can‘t quite keep up with the Volume coming in of providers
we can‘t quite keep up with the Volume coming in of providers Reaching out to sendero saying,
volume coming in of providers Reaching out to sendero saying, We want to participate.
reaching out to sendero saying, We want to participate. We want to be in your network.
we want to participate. We want to be in your network. So I think the community at
we want to be in your network. So I think the community at Large is very supportive of what
so I think the community at Large is very supportive of what Central health is doing, and
large is very supportive of what Central health is doing, and We‘re seeing that from the
central health is doing, and We‘re seeing that from the Providers reaching out to us to
we‘re seeing that from the Providers reaching out to us to Be a participant in our well
providers reaching out to us to Be a participant in our well Within the sendero.
be a participant in our well Within the sendero. So I think I think they‘re
within the sendero. So I think I think they‘re Positive.
so I think I think they‘re Positive. I think they appreciate what
positive. I think they appreciate what We‘re doing, and they know that
If we can take care of this
we‘re doing, and they know that If we can take care of this Population, it means that
if we can take care of this Population, it means that They‘re not seeing patients that
population, it means that They‘re not seeing patients that That aren‘t reimbursed.
they‘re not seeing patients that That aren‘t reimbursed. They‘re not seeing patients in
that aren‘t reimbursed. They‘re not seeing patients in The er, that there‘s that
they‘re not seeing patients in The er, that there‘s that Wouldn‘t need to be there had
the er, that there‘s that Wouldn‘t need to be there had They had appropriate primary
wouldn‘t need to be there had They had appropriate primary Care.
they had appropriate primary Care. So I think it‘s a positive
care. So I think it‘s a positive Feedback for the provider
so I think it‘s a positive Feedback for the provider Community.
feedback for the provider Community. >> and I guess I was thinking
community. >> and I guess I was thinking About other like clinic systems
Like austin regional clinic,
about other like clinic systems Like austin regional clinic, Austin, austin diagnostic
like austin regional clinic, Austin, austin diagnostic Clinic, like in a sense, you‘re
austin, austin diagnostic Clinic, like in a sense, you‘re A new competitor to them.
clinic, like in a sense, you‘re A new competitor to them. It seems like there‘s plenty of
a new competitor to them. It seems like there‘s plenty of People to go around.
it seems like there‘s plenty of People to go around. >> yeah.
people to go around. >> yeah. Yes, but no.
And in the case of medicaid, we
yes, but no. And in the case of medicaid, we Get a far superior reimbursement
and in the case of medicaid, we Get a far superior reimbursement Rate than they do.
get a far superior reimbursement Rate than they do. They lose money, frankly, on
rate than they do. They lose money, frankly, on Every medicaid patient that they
they lose money, frankly, on Every medicaid patient that they See.
every medicaid patient that they See. Okay.
see. Okay. And so they are happy to share.
okay. And so they are happy to share. And in fact, we are visiting
and so they are happy to share. And in fact, we are visiting Their spaces, learning things
and in fact, we are visiting Their spaces, learning things From them on how to be more
their spaces, learning things From them on how to be more Effective.
from them on how to be more Effective. And so, you know, there may be
effective. And so, you know, there may be Some tiny bit of competition,
and so, you know, there may be Some tiny bit of competition, But generally we are all
some tiny bit of competition, But generally we are all Collaborating together to do
but generally we are all Collaborating together to do This work because it‘s in our
collaborating together to do This work because it‘s in our Best interest.
this work because it‘s in our Best interest. >> fabulous.
best interest. >> fabulous. >> sounds like things are moving
Along better in this whole
Community, and I‘m especially
along better in this whole Community, and I‘m especially Glad to see the numbers with
community, and I‘m especially Glad to see the numbers with Sendero.
glad to see the numbers with Sendero. That‘s a population that I have,
sendero. That‘s a population that I have, You know, just really concern.
that‘s a population that I have, You know, just really concern. And I really like the the
you know, just really concern. And I really like the the Newsletter that y‘all had kind
and I really like the the Newsletter that y‘all had kind Of talking about some of the
newsletter that y‘all had kind Of talking about some of the Folks that you have enrolled who
of talking about some of the Folks that you have enrolled who Are in bad need of health care.
folks that you have enrolled who Are in bad need of health care. And I don‘t think they would
are in bad need of health care. And I don‘t think they would Have gotten any other way.
and I don‘t think they would Have gotten any other way. And so that‘s, that‘s what we
have gotten any other way. And so that‘s, that‘s what we Need to do.
and so that‘s, that‘s what we Need to do. That‘s what central health was
need to do. That‘s what central health was Supposed to do.
that‘s what central health was Supposed to do. So I‘m glad you all are doing
supposed to do. So I‘m glad you all are doing It.
so I‘m glad you all are doing It. Thank you all so much for the
it. Thank you all so much for the Report.
thank you all so much for the Report. >> thank you commissioner.
report. >> thank you commissioner. >> thank you, thank you.
>> thank you.
Actually.
>> yeah.
actually. >> yeah. >> good job.
[laughter]
Perla.
[laughter]
perla. [laughter] >> yeah.
Good stage management.
And.
good stage management. And. [laughter]
and. [laughter] Alicia.
>> the next item that we have is
alicia. >> the next item that we have is Three receive the spring 2026
Update from the housing
three receive the spring 2026 Update from the housing Authority of travis county.
update from the housing Authority of travis county. >> and are we going to come to
authority of travis county. >> and are we going to come to Two after that, commissioner?
>> I guess yeah, we just needed
two after that, commissioner? >> I guess yeah, we just needed To take three because they have
Something else they need to
to take three because they have Something else they need to Address.
something else they need to Address. >> yeah, they‘ve got to present
address. >> yeah, they‘ve got to present Now.
Okay.
now. Okay. >> well, thank you.
okay. >> well, thank you. I think david had the forms.
Okay.
All right.
okay. All right. >> take care of it.
all right. >> take care of it. >> okay.
>> yeah, yeah.
>> you‘re good.
>> good afternoon commissioners.
>> good afternoon.
>> happy affordable housing
Month.
>> oh is it.
month. >> oh is it. Thank you.
>> yes.
thank you. >> yes. Affordable housing month.
So we have a brief clip and then
affordable housing month. So we have a brief clip and then We‘ll get started if that‘s
so we have a brief clip and then We‘ll get started if that‘s Okay.
we‘ll get started if that‘s Okay. >> thank you.
okay. >> thank you. >> a dignified, safe, affordable
Place to live.
Should have never been a luxury.
place to live. Should have never been a luxury. This is what sustains life.
should have never been a luxury. This is what sustains life. Mental health housing is health
this is what sustains life. Mental health housing is health Care.
mental health housing is health Care. Housing is access to education.
care. Housing is access to education. Without going too deep, I think
housing is access to education. Without going too deep, I think That folks are starting to
without going too deep, I think That folks are starting to Realize this is a right and not
that folks are starting to Realize this is a right and not Just for me, not just me and
realize this is a right and not Just for me, not just me and Mine.
just for me, not just me and Mine. Housing is a right for all of
mine. Housing is a right for all of Us.
housing is a right for all of Us. >> I think that the affordable
us. >> I think that the affordable Housing crisis that the
Mainstream media talks about,
housing crisis that the Mainstream media talks about, And the one that we hear or read
mainstream media talks about, And the one that we hear or read Most about, is really not the
and the one that we hear or read Most about, is really not the True affordable housing crisis
most about, is really not the True affordable housing crisis In texas.
true affordable housing crisis In texas. There has always been an
in texas. There has always been an Underclass of people in this
there has always been an Underclass of people in this State, a group of people who
underclass of people in this State, a group of people who Have been ignored by government,
state, a group of people who Have been ignored by government, By the private real estate
have been ignored by government, By the private real estate Industry, by our public policies
by the private real estate Industry, by our public policies And laws, which has deprived
industry, by our public policies And laws, which has deprived Them of the ability to have a
and laws, which has deprived Them of the ability to have a Decent place to live in a
them of the ability to have a Decent place to live in a Neighborhood that‘s a good place
decent place to live in a Neighborhood that‘s a good place Where they want to live and
neighborhood that‘s a good place Where they want to live and Where they can raise their kids
where they want to live and Where they can raise their kids Safely and afford it.
where they can raise their kids Safely and afford it. We gave $61 billion of property
safely and afford it. We gave $61 billion of property Tax relief, and we gave $0, $0
we gave $61 billion of property Tax relief, and we gave $0, $0 Of state money for affordable
tax relief, and we gave $0, $0 Of state money for affordable Housing for the poor.
of state money for affordable Housing for the poor. And that‘s what really makes me
housing for the poor. And that‘s what really makes me Angry.
and that‘s what really makes me Angry. >> the biggest shift that I see
angry. >> the biggest shift that I see In the city that I know and love
Is the depletion of naturally
in the city that I know and love Is the depletion of naturally Affordable housing
is the depletion of naturally Affordable housing Opportunities.
affordable housing Opportunities. I grew up in a very working
opportunities. I grew up in a very working Class community in south austin,
And my mom told me that the
class community in south austin, And my mom told me that the First apartment that she rented
and my mom told me that the First apartment that she rented Here in austin in 1989, the rent
first apartment that she rented Here in austin in 1989, the rent Was $275 a month.
here in austin in 1989, the rent Was $275 a month. And while we were definitely
was $275 a month. And while we were definitely Living in poverty, we were
and while we were definitely Living in poverty, we were Stably housed.
living in poverty, we were Stably housed. >> it‘s easy to just say more
stably housed. >> it‘s easy to just say more Units better versus wait, let‘s
What‘s the balance here?
units better versus wait, let‘s What‘s the balance here? >> I don‘t know that I‘m
what‘s the balance here? >> I don‘t know that I‘m Interested in rebuilding the
Affordable housing system as it
interested in rebuilding the Affordable housing system as it Currently exists, but I will say
affordable housing system as it Currently exists, but I will say That like reimagining the
currently exists, but I will say That like reimagining the Housing landscape for low income
that like reimagining the Housing landscape for low income Texans is absolutely my jam.
housing landscape for low income Texans is absolutely my jam. >> I‘ve seen what a group of
texans is absolutely my jam. >> I‘ve seen what a group of Righteously angry people can
Accomplish when they get
righteously angry people can Accomplish when they get Together and they do something.
accomplish when they get Together and they do something. >> we‘re here to support that
together and they do something. >> we‘re here to support that Work, not to be in front of it,
But to give you all the tools
work, not to be in front of it, But to give you all the tools And the resources you need to
but to give you all the tools And the resources you need to Lift up your stories and your
and the resources you need to Lift up your stories and your Community and to say, when we go
lift up your stories and your Community and to say, when we go To the capital, I don‘t need to
community and to say, when we go To the capital, I don‘t need to Be the person who talks to the
to the capital, I don‘t need to Be the person who talks to the State legislature.
be the person who talks to the State legislature. I want you in that room.
state legislature. I want you in that room. >> my two takeaways.
Let‘s build community and let‘s
Channel our righteous anger in a
let‘s build community and let‘s Channel our righteous anger in a Way that‘s productive, to expand
channel our righteous anger in a Way that‘s productive, to expand And preserve affordable housing
way that‘s productive, to expand And preserve affordable housing For all.
and preserve affordable housing For all. >> a dignified, safe.
for all. >> a dignified, safe. >> that‘s just a little teaser
From our hatc and community
Podcast that we‘ve been doing
from our hatc and community Podcast that we‘ve been doing For the last year and a half.
podcast that we‘ve been doing For the last year and a half. And in recognition of affordable
for the last year and a half. And in recognition of affordable Housing month, we had some of
and in recognition of affordable Housing month, we had some of Our community advocates to come
housing month, we had some of Our community advocates to come On and talk about why housing is
our community advocates to come On and talk about why housing is Important.
on and talk about why housing is Important. I‘m patrick howard, ceo of the
important. I‘m patrick howard, ceo of the Housing authority of travis
County.
housing authority of travis County. Been able to be in this position
county. Been able to be in this position For the last 11 years.
been able to be in this position For the last 11 years. So I‘m grateful for that.
for the last 11 years. So I‘m grateful for that. And I‘d like to introduce my
so I‘m grateful for that. And I‘d like to introduce my Board members.
and I‘d like to introduce my Board members. We‘ll start.
board members. We‘ll start. Well, we have our consultant
we‘ll start. Well, we have our consultant Who‘s been assisting us,
well, we have our consultant Who‘s been assisting us, Veronica macon, who is a long
who‘s been assisting us, Veronica macon, who is a long Term housing senior
veronica macon, who is a long Term housing senior Professional.
term housing senior Professional. And then we have we‘ll start
professional. And then we have we‘ll start With mister roberts.
and then we have we‘ll start With mister roberts. You want to introduce
with mister roberts. You want to introduce Yourselves?
you want to introduce Yourselves? I can introduce waving.
yourselves? I can introduce waving. Yeah.
[laughter]
yeah. [laughter] He‘s waving.
Okay.
he‘s waving. Okay. Mister roberts, we have a new
okay. Mister roberts, we have a new Board member.
mister roberts, we have a new Board member. Our newest board member, fareed.
board member. Our newest board member, fareed. And then we have jolene keane,
our newest board member, fareed. And then we have jolene keane, And we have miss the chair.
and then we have jolene keane, And we have miss the chair. And the vice chair apologizes
and we have miss the chair. And the vice chair apologizes That they couldn‘t be here.
and the vice chair apologizes That they couldn‘t be here. Cheryl brown, vice chair, and
that they couldn‘t be here. Cheryl brown, vice chair, and Laura getsy could not be with us
cheryl brown, vice chair, and Laura getsy could not be with us Today.
laura getsy could not be with us Today. So we‘ll move forward.
today. So we‘ll move forward. So just I just want to let you
so we‘ll move forward. So just I just want to let you All know that despite all the
so just I just want to let you All know that despite all the Challenges that you all have
all know that despite all the Challenges that you all have Shared a little bit about
challenges that you all have Shared a little bit about Earlier, about federal funding
shared a little bit about Earlier, about federal funding And what that looks like, it‘s
earlier, about federal funding And what that looks like, it‘s Affecting affordable housing and
and what that looks like, it‘s Affecting affordable housing and The industry as well.
affecting affordable housing and The industry as well. We are suffering from cuts to
the industry as well. We are suffering from cuts to Our housing emergency housing
we are suffering from cuts to Our housing emergency housing Voucher program.
our housing emergency housing Voucher program. 20 vouchers will no longer be in
voucher program. 20 vouchers will no longer be in Existence for us.
And so we‘ve been having to be
existence for us. And so we‘ve been having to be Creative about how we place
and so we‘ve been having to be Creative about how we place Those individuals.
creative about how we place Those individuals. We have cuts to our voucher
those individuals. We have cuts to our voucher Program.
we have cuts to our voucher Program. You know, we went under a
program. You know, we went under a Shortfall.
you know, we went under a Shortfall. The community continuum of care
shortfall. The community continuum of care Housing has been threatened as
the community continuum of care Housing has been threatened as Well, however, and I should also
housing has been threatened as Well, however, and I should also Say, because of all the
well, however, and I should also Say, because of all the Financial uncertainties with the
say, because of all the Financial uncertainties with the Markets, there‘s been challenges
financial uncertainties with the Markets, there‘s been challenges There as well, but we remain
markets, there‘s been challenges There as well, but we remain Steadfast in our commitment to
there as well, but we remain Steadfast in our commitment to Obviously providing affordable
steadfast in our commitment to Obviously providing affordable Housing for all that being.
obviously providing affordable Housing for all that being. >> could you comment on the
housing for all that being. >> could you comment on the Shortfall?
Is that still the status?
shortfall? Is that still the status? >> it is.
is that still the status? >> it is. We are there.
We are being allowed to provide
we are there. We are being allowed to provide Limited.
we are being allowed to provide Limited. Issuance of vouchers in certain
limited. Issuance of vouchers in certain Situations, but we still are in
issuance of vouchers in certain Situations, but we still are in A shortfall situation.
situations, but we still are in A shortfall situation. >> okay.
a shortfall situation. >> okay. >> but but what is the cause of
That?
Is that because the state is cut
that? Is that because the state is cut Back onunds available for
is that because the state is cut Back onunds available for Vouchers, or was it something
back onunds available for Vouchers, or was it something That happened on our end?
vouchers, or was it something That happened on our end? >> no, it‘s the federal federal
that happened on our end? >> no, it‘s the federal federal Government has elected not to
Allow us to issue vouchers
government has elected not to Allow us to issue vouchers Because of projected cuts,
allow us to issue vouchers Because of projected cuts, Obviously, that are being
because of projected cuts, Obviously, that are being Contemplated.
obviously, that are being Contemplated. So we have a.
contemplated. So we have a. Nationwide problem that.
so we have a. Nationwide problem that. >> is.
nationwide problem that. >> is. >> not unique to us.
>> that‘s what I.
>> just saw.
The the secretary of hud in a
Senate hearing say that he
the the secretary of hud in a Senate hearing say that he Expected to cut back cdbg
senate hearing say that he Expected to cut back cdbg Funding.
expected to cut back cdbg Funding. And there was a whole exchange
funding. And there was a whole exchange Between cutting back funding and
and there was a whole exchange Between cutting back funding and Turning it over to the states.
between cutting back funding and Turning it over to the states. And, and representative clyrn
turning it over to the states. And, and representative clyrn Told him, basically, you know,
and, and representative clyrn Told him, basically, you know, That we send the money to the
told him, basically, you know, That we send the money to the States so that they can set up
that we send the money to the States so that they can set up Their priorities.
states so that they can set up Their priorities. Don‘t you?
their priorities. Don‘t you? Evidently, he didn‘t know that
don‘t you? Evidently, he didn‘t know that Very well.
evidently, he didn‘t know that Very well. So yeah, it‘s.
very well. So yeah, it‘s. So we just need to know
so yeah, it‘s. So we just need to know Ultimately what the delta is
so we just need to know Ultimately what the delta is Going to be.
ultimately what the delta is Going to be. What what did you have in your
going to be. What what did you have in your Baseline last year that you
what what did you have in your Baseline last year that you Won‘t have this year and how
baseline last year that you Won‘t have this year and how That‘s going to how that‘s going
won‘t have this year and how That‘s going to how that‘s going To impact us and, and what we
that‘s going to how that‘s going To impact us and, and what we Can do locally to address some
to impact us and, and what we Can do locally to address some Address the things that we can
can do locally to address some Address the things that we can Do.
address the things that we can Do. But yeah, our, our hud secretary
do. But yeah, our, our hud secretary Is, well, let‘s just say wasn‘t
but yeah, our, our hud secretary Is, well, let‘s just say wasn‘t The brightest bulb in the pack.
is, well, let‘s just say wasn‘t The brightest bulb in the pack. >> wow.
the brightest bulb in the pack. >> wow. >> well, and we obviously are
Monitoring that.
And I mean, there‘s several
monitoring that. And I mean, there‘s several Organizations, obviously with
and I mean, there‘s several Organizations, obviously with Their finger on the pulse of
organizations, obviously with Their finger on the pulse of Things that are happening.
their finger on the pulse of Things that are happening. So certainly if there‘s
things that are happening. So certainly if there‘s Opportunities to figure out how
so certainly if there‘s Opportunities to figure out how We need to get creative about
opportunities to figure out how We need to get creative about Such things, we certainly will
we need to get creative about Such things, we certainly will Keep you all informed.
such things, we certainly will Keep you all informed. But we are obviously having to
keep you all informed. But we are obviously having to Deal with trying to make
but we are obviously having to Deal with trying to make Adjustments.
deal with trying to make Adjustments. Again, one of the voucher
adjustments. Again, one of the voucher Programs is has been eliminated.
again, one of the voucher Programs is has been eliminated. And that and so we‘ve been
programs is has been eliminated. And that and so we‘ve been Accommodating those individuals
and that and so we‘ve been Accommodating those individuals Through other means.
accommodating those individuals Through other means. That being said, again, I
through other means. That being said, again, I Mentioned members of the board
that being said, again, I Mentioned members of the board Here, and we‘ll just continue on
mentioned members of the board Here, and we‘ll just continue on With the presentation.
here, and we‘ll just continue on With the presentation. So just the key leadership.
with the presentation. So just the key leadership. Again, I‘ve been around for
so just the key leadership. Again, I‘ve been around for Nearly 11 years, and then we
again, I‘ve been around for Nearly 11 years, and then we Have other members of the
nearly 11 years, and then we Have other members of the Leadership team, including the
have other members of the Leadership team, including the Long term finance director and
leadership team, including the Long term finance director and Hcv director, have been there
long term finance director and Hcv director, have been there For some time.
hcv director, have been there For some time. I just want to share a little
for some time. I just want to share a little Bit about our affordable housing
Properties, and I‘m actually
bit about our affordable housing Properties, and I‘m actually Going to share a link for for
properties, and I‘m actually Going to share a link for for Folks that are interested in our
going to share a link for for Folks that are interested in our Housing, we do provide detailed
folks that are interested in our Housing, we do provide detailed Information via a link on our
housing, we do provide detailed Information via a link on our Website that provides
information via a link on our Website that provides Information about eligibility
website that provides Information about eligibility And location and the like.
information about eligibility And location and the like. We have six properties, two of
and location and the like. We have six properties, two of Which are senior buildings in
we have six properties, two of Which are senior buildings in The city of maynard.
which are senior buildings in The city of maynard. And the balance of those four
the city of maynard. And the balance of those four Are family sites throughout
and the balance of those four Are family sites throughout Travis county, which you all are
are family sites throughout Travis county, which you all are Pretty familiar with.
travis county, which you all are Pretty familiar with. So if you looked at this link
pretty familiar with. So if you looked at this link Not working, so the link‘s not
so if you looked at this link Not working, so the link‘s not Working, but there is a link
not working, so the link‘s not Working, but there is a link There and it typically works.
working, but there is a link There and it typically works. Oh, there it is.
there and it typically works. Oh, there it is. So you can see locations of the
oh, there it is. So you can see locations of the Properties and click further.
so you can see locations of the Properties and click further. It‘ll tell you details about
properties and click further. It‘ll tell you details about Some of the eligibility and the
it‘ll tell you details about Some of the eligibility and the Like.
some of the eligibility and the Like. So that does exist.
like. So that does exist. >> so can I ask the total number
so that does exist. >> so can I ask the total number Of units that are available in
These properties that are
of units that are available in These properties that are Already open?
these properties that are Already open? And if there are, if there‘s
already open? And if there are, if there‘s Much vacancy, I know a number of
and if there are, if there‘s Much vacancy, I know a number of Programs around the community
much vacancy, I know a number of Programs around the community Are seeing vacancies because
programs around the community Are seeing vacancies because There‘s a lot of competition
are seeing vacancies because There‘s a lot of competition With a lot of apartment units
there‘s a lot of competition With a lot of apartment units Coming online.
with a lot of apartment units Coming online. And I‘m just interested to know.
coming online. And I‘m just interested to know. >> not for.
and I‘m just interested to know. >> not for. >> deeply affordable units, as
You know, housing, housing
Authority properties are housing
you know, housing, housing Authority properties are housing Of last resort.
authority properties are housing Of last resort. So zero income renters can
of last resort. So zero income renters can Obviously live in affordable
so zero income renters can Obviously live in affordable Housing where otherwise they
obviously live in affordable Housing where otherwise they Couldn‘t in other places.
housing where otherwise they Couldn‘t in other places. So we do not have very many
couldn‘t in other places. So we do not have very many Vacancies.
so we do not have very many Vacancies. We have 174 units collectively,
vacancies. We have 174 units collectively, 53 of those are the two senior
we have 174 units collectively, 53 of those are the two senior Buildings in the city of
Maynard.
buildings in the city of Maynard. And then the balance of those
maynard. And then the balance of those Are family units of one, two,
and then the balance of those Are family units of one, two, Three, four bedroom units.
are family units of one, two, Three, four bedroom units. >> so of.
three, four bedroom units. >> so of. >> all the six buildings that
You have on that list, there are
100.
you have on that list, there are 100. >> and 74 units.
>> 174 vacancies.
>> okay.
>> the voucher program.
Okay.
Yes.
okay. Yes. And here they are.
yes. And here they are. Okay.
and here they are. Okay. Just a bit about the voucher
okay. Just a bit about the voucher Program before we go to that.
just a bit about the voucher Program before we go to that. So our voucher program, we have
program before we go to that. So our voucher program, we have 691 units.
so our voucher program, we have 691 units. The traditional vouchers.
And then we have 49 mainstream
the traditional vouchers. And then we have 49 mainstream Units, which are specifically
and then we have 49 mainstream Units, which are specifically For specific segment of the
units, which are specifically For specific segment of the Population.
for specific segment of the Population. So 740 vouchers that we were
population. So 740 vouchers that we were Able to actually distribute.
so 740 vouchers that we were Able to actually distribute. We‘re not obviously that‘s going
able to actually distribute. We‘re not obviously that‘s going Away.
we‘re not obviously that‘s going Away. And then continuum of care, we
away. And then continuum of care, we Obviously offer funding through
and then continuum of care, we Obviously offer funding through That program, which equates to
obviously offer funding through That program, which equates to About 74 families on average a
that program, which equates to About 74 families on average a Year.
about 74 families on average a Year. It depends on obviously, bedroom
year. It depends on obviously, bedroom Size because it‘s a grant.
it depends on obviously, bedroom Size because it‘s a grant. And of course, as I mentioned,
size because it‘s a grant. And of course, as I mentioned, That grant, the reduction looks
and of course, as I mentioned, That grant, the reduction looks Like maybe about 4 million for
that grant, the reduction looks Like maybe about 4 million for This region this year.
like maybe about 4 million for This region this year. With the continuum of care
this region this year. With the continuum of care Grant.
with the continuum of care Grant. So that means those families
grant. So that means those families Will we won‘t be able to serve
so that means those families Will we won‘t be able to serve As many families as a region
will we won‘t be able to serve As many families as a region Through that grant program.
as many families as a region Through that grant program. >> so a $4 million reduction is
through that grant program. >> so a $4 million reduction is How much of a reduction?
>> well, we don‘t know yet.
how much of a reduction? >> well, we don‘t know yet. Obviously, we‘re it‘s.
>> you know what your budget is
obviously, we‘re it‘s. >> you know what your budget is Now, right?
>> right.
now, right? >> right. We have 1.4 million that we‘ve
Got awarded traditionally in the
we have 1.4 million that we‘ve Got awarded traditionally in the Last few years.
got awarded traditionally in the Last few years. So of course, right now they‘re
last few years. So of course, right now they‘re Review applications are due.
so of course, right now they‘re Review applications are due. And so it depends on how that‘s
review applications are due. And so it depends on how that‘s Funded.
and so it depends on how that‘s Funded. But the region overall is going
funded. But the region overall is going To see a $4 million reduction
but the region overall is going To see a $4 million reduction Likely, which would mean it
to see a $4 million reduction Likely, which would mean it Would be distributed amongst the
likely, which would mean it Would be distributed amongst the The parties that are
would be distributed amongst the The parties that are Participants.
the parties that are Participants. >> grant to the coc.
participants. >> grant to the coc. >> right.
>> which manages and spreads out
To like 11 different.
>> that is correct.
to like 11 different. >> that is correct. >> contracts.
And that‘s what‘s receiving a $4
Million rough cut to our
and that‘s what‘s receiving a $4 Million rough cut to our Community grant from hud, if you
million rough cut to our Community grant from hud, if you Will.
community grant from hud, if you Will. >> and the community is defined
will. >> and the community is defined As just travis county or is it.
>> multi county, the geographic
as just travis county or is it. >> multi county, the geographic Area, echo is the lead and
Caritas lifeworks family.
area, echo is the lead and Caritas lifeworks family. >> that is correct.
caritas lifeworks family. >> that is correct. Yes.
>> all these nonprofits get some
yes. >> all these nonprofits get some Of that money for different
Pieces of the continuum.
of that money for different Pieces of the continuum. >> and that $4 million cut
pieces of the continuum. >> and that $4 million cut Represents a 10% cut.
>> 50.
represents a 10% cut. >> 50. >> 40, 30.
>> it‘s just wondering.
>> what the size of the cut is.
>> about 10%.
My understanding.
>> and the total, the what did
my understanding. >> and the total, the what did You say?
704 total vouchers.
you say? 704 total vouchers. Does that include the.
740 740?
does that include the. 740 740? Does that include the 174 units
In the six buildings?
does that include the 174 units In the six buildings? >> no, ma‘am.
in the six buildings? >> no, ma‘am. >> that so the vouchers are in
Addition to.
>> those vouchers is separate a
addition to. >> those vouchers is separate a Separate program?
Yes.
separate program? Yes. >> okay.
yes. >> okay. Thank you.
>> okay.
thank you. >> okay. And then with respect to our
Partnership properties, we do
and then with respect to our Partnership properties, we do Have properties throughout the
partnership properties, we do Have properties throughout the County.
have properties throughout the County. We actually celebrated our first
county. We actually celebrated our first Tax credit property.
we actually celebrated our first Tax credit property. Groundbreaking on yesterday in
tax credit property. Groundbreaking on yesterday in Southeast southeast austin off
groundbreaking on yesterday in Southeast southeast austin off East slaughter called sonora.
southeast southeast austin off East slaughter called sonora. So that won‘t be shown here.
east slaughter called sonora. So that won‘t be shown here. But we had the groundbreaking on
so that won‘t be shown here. But we had the groundbreaking on Just yesterday.
but we had the groundbreaking on Just yesterday. So we are continuing to partner
just yesterday. So we are continuing to partner With entities to obviously
so we are continuing to partner With entities to obviously Expand the supply of affordable
with entities to obviously Expand the supply of affordable Housing, as many of the other
expand the supply of affordable Housing, as many of the other Partners are here today, doing
housing, as many of the other Partners are here today, doing Very much the same thing.
partners are here today, doing Very much the same thing. >> so the units that are under
very much the same thing. >> so the units that are under Construction on this map,
There‘s one, two, three, four,
construction on this map, There‘s one, two, three, four, Five, six.
there‘s one, two, three, four, Five, six. What‘s the total additional
five, six. What‘s the total additional Units that that would provide?
what‘s the total additional Units that that would provide? And is that the right way to
units that that would provide? And is that the right way to Look at it?
and is that the right way to Look at it? Since they‘re under construction
look at it? Since they‘re under construction They‘re not available now.
since they‘re under construction They‘re not available now. So when they‘re completed these
they‘re not available now. So when they‘re completed these Would be new units that would be
so when they‘re completed these Would be new units that would be Available.
would be new units that would be Available. >> that‘s correct.
available. >> that‘s correct. If you.
>> just roughly.
if you. >> just roughly. >> so we‘re talking about.
Approximately.
1200.
approximately. 1200. And what we decided to do is
Obviously look at the properties
and what we decided to do is Obviously look at the properties Under construction as opposed to
obviously look at the properties Under construction as opposed to Those that have received
under construction as opposed to Those that have received Entitlements, because that may
those that have received Entitlements, because that may Mean that the financing is not
entitlements, because that may Mean that the financing is not In place and that might not
mean that the financing is not In place and that might not Happen.
in place and that might not Happen. And so we to be conservative
happen. And so we to be conservative About the number, we decided we
and so we to be conservative About the number, we decided we Were going to only talk about
about the number, we decided we Were going to only talk about Those that were under
were going to only talk about Those that were under Construction.
those that were under Construction. So we‘re talking about about
construction. So we‘re talking about about 1200 under construction.
so we‘re talking about about 1200 under construction. >> so those would be new units
That would be available as
Deeply affordable units.
that would be available as Deeply affordable units. >> that is.
deeply affordable units. >> that is. >> well, let me not.
So not deeply affordable as in
All 30 units.
so not deeply affordable as in All 30 units. We‘re talking about anything
all 30 units. We‘re talking about anything From 60, 60%, 80% units, 60%
we‘re talking about anything From 60, 60%, 80% units, 60% Units, 30%.
from 60, 60%, 80% units, 60% Units, 30%. >> units, okay.
units, 30%. >> units, okay. 50% units.
>> all right.
So with respect to our existing
Inventory, as you know, over the
so with respect to our existing Inventory, as you know, over the Years, we‘ve had properties that
inventory, as you know, over the Years, we‘ve had properties that Have been aging and there‘s been
years, we‘ve had properties that Have been aging and there‘s been A renewed commitment to
have been aging and there‘s been A renewed commitment to Obviously preserve those.
a renewed commitment to Obviously preserve those. And so we‘ve spent a significant
obviously preserve those. And so we‘ve spent a significant Amount of funding of our own
and so we‘ve spent a significant Amount of funding of our own Funding to rehab these
amount of funding of our own Funding to rehab these Properties.
funding to rehab these Properties. In addition to those we‘ve
properties. In addition to those we‘ve Received from the state as well.
in addition to those we‘ve Received from the state as well. So this is an example of
received from the state as well. So this is an example of Rehabilitation that‘s going on
so this is an example of Rehabilitation that‘s going on At eastern oaks, summit oaks,
rehabilitation that‘s going on At eastern oaks, summit oaks, Alexander oaks.
at eastern oaks, summit oaks, Alexander oaks. And then we are doing really
alexander oaks. And then we are doing really Significant rehabilitation at
and then we are doing really Significant rehabilitation at Our property at mentor town,
significant rehabilitation at Our property at mentor town, Which is funding that.
our property at mentor town, Which is funding that. We‘re using our own to do that
which is funding that. We‘re using our own to do that Work.
we‘re using our own to do that Work. And that‘s 33 units in the
work. And that‘s 33 units in the Maynard town building in the
and that‘s 33 units in the Maynard town building in the City of maynor.
maynard town building in the City of maynor. I know there‘s always been
city of maynor. I know there‘s always been Questions about how you achieve
Compliance and how we go about
questions about how you achieve Compliance and how we go about Doing that.
compliance and how we go about Doing that. We we do enlist the help of a
doing that. We we do enlist the help of a Third party provider to assist
we we do enlist the help of a Third party provider to assist Us with that work.
third party provider to assist Us with that work. In addition to, obviously, those
us with that work. In addition to, obviously, those That are required through the
in addition to, obviously, those That are required through the Funding providers as well, which
that are required through the Funding providers as well, which Is primarily td tdhca in the
funding providers as well, which Is primarily td tdhca in the City of austin.
is primarily td tdhca in the City of austin. And so.
city of austin. And so. Additionally, obviously through
and so. Additionally, obviously through Our third party property
additionally, obviously through Our third party property Management management company
our third party property Management management company That manages our entire
management management company That manages our entire Portfolio of 174, we also have
that manages our entire Portfolio of 174, we also have Internal compliance entity
portfolio of 174, we also have Internal compliance entity Within that group to do that
internal compliance entity Within that group to do that Same work.
within that group to do that Same work. So I did talk a little bit about
same work. So I did talk a little bit about The voucher program.
so I did talk a little bit about The voucher program. Here‘s a more detailed breakdown
the voucher program. Here‘s a more detailed breakdown About the voucher program.
here‘s a more detailed breakdown About the voucher program. Port ns means that there are
about the voucher program. Port ns means that there are Property.
port ns means that there are Property. There are someone‘s coming to
property. There are someone‘s coming to This region with a voucher in
there are someone‘s coming to This region with a voucher in Hand, and that we are the entity
this region with a voucher in Hand, and that we are the entity Either us typically, or the city
hand, and that we are the entity Either us typically, or the city Of austin‘s housing authority
either us typically, or the city Of austin‘s housing authority Will be managing that voucher on
of austin‘s housing authority Will be managing that voucher on Behalf of the.
will be managing that voucher on Behalf of the. That individual.
behalf of the. That individual. So there‘s port ins, port outs
that individual. So there‘s port ins, port outs When they actually move to
so there‘s port ins, port outs When they actually move to Another location.
when they actually move to Another location. We have stability vouchers,
another location. We have stability vouchers, Emergency housing vouchers I
we have stability vouchers, Emergency housing vouchers I Mentioned is going away
emergency housing vouchers I Mentioned is going away Mainstream.
mentioned is going away Mainstream. We have the 49 and then the
mainstream. We have the 49 and then the Additional vouchers make up the
we have the 49 and then the Additional vouchers make up the 691 vouchers that I made mention
additional vouchers make up the 691 vouchers that I made mention Of.
>> what‘s the 434 category.
of. >> what‘s the 434 category. >> so 434 is what‘s the the 740
Minus the 40, 49 mainstream
Vouchers, minus the 20 that are
minus the 40, 49 mainstream Vouchers, minus the 20 that are Stability vouchers.
vouchers, minus the 20 that are Stability vouchers. So 740 collectively, the 434 is
stability vouchers. So 740 collectively, the 434 is A balance of what‘s not split
so 740 collectively, the 434 is A balance of what‘s not split Out with the other program.
a balance of what‘s not split Out with the other program. So again 740 is the number if
out with the other program. So again 740 is the number if You‘re looking for a specific
so again 740 is the number if You‘re looking for a specific Number of the total number of
you‘re looking for a specific Number of the total number of Vouchers, this might be more
number of the total number of Vouchers, this might be more Detail, might know the details,
vouchers, this might be more Detail, might know the details, Might be throwing you off, but.
detail, might know the details, Might be throwing you off, but. >> this is very helpful.
might be throwing you off, but. >> this is very helpful. My question was what category is
That.
my question was what category is That. 434 blue.
that. 434 blue. I can‘t distinguish the blues
And the.
>> that‘s the traditional
and the. >> that‘s the traditional Housing choice voucher that‘s
Not designated for a specific
housing choice voucher that‘s Not designated for a specific Purpose.
not designated for a specific Purpose. Sorry.
purpose. Sorry. It‘s a very it‘s hard.
sorry. It‘s a very it‘s hard. It‘s hard to see.
it‘s a very it‘s hard. It‘s hard to see. But the very first category of
it‘s hard to see. But the very first category of Housing choice vouchers.
but the very first category of Housing choice vouchers. So those that are not elderly,
housing choice vouchers. So those that are not elderly, Disabled or project based or.
so those that are not elderly, Disabled or project based or. >> voucher.
disabled or project based or. >> voucher. >> that is correct.
So that.
So the traditional.
so that. So the traditional. Conventional vouchers, the 434.
so the traditional. Conventional vouchers, the 434. >> section eight kind of
conventional vouchers, the 434. >> section eight kind of Voucher.
>> well, they‘re all section
voucher. >> well, they‘re all section Eight, but some are specialty
Vouchers that aren‘t designated
eight, but some are specialty Vouchers that aren‘t designated For a specific purpose.
vouchers that aren‘t designated For a specific purpose. >> okay.
for a specific purpose. >> okay. >> right.
>> and we have family
Unification ones, but we don‘t
Have any of the youth specific
unification ones, but we don‘t Have any of the youth specific Ones yet.
have any of the youth specific Ones yet. >> we we don‘t we as in hatc.
ones yet. >> we we don‘t we as in hatc. >> okay.
>> that might change in the
Future.
But as of as of current, we
future. But as of as of current, we Don‘t.
but as of as of current, we Don‘t. So just an idea about sort of
don‘t. So just an idea about sort of The distribution kind of gives
so just an idea about sort of The distribution kind of gives You numbers of where folks are
the distribution kind of gives You numbers of where folks are Located.
you numbers of where folks are Located. Obviously, the majority of those
located. Obviously, the majority of those Of the 740 live generally east
obviously, the majority of those Of the 740 live generally east Of I-35, which is no surprise to
of the 740 live generally east Of I-35, which is no surprise to Anyone.
of I-35, which is no surprise to Anyone. But we are getting more of a
anyone. But we are getting more of a Distribution.
but we are getting more of a Distribution. We‘re happy to see that.
distribution. We‘re happy to see that. Obviously, the idea of
we‘re happy to see that. Obviously, the idea of Continuing to recruit landlords
obviously, the idea of Continuing to recruit landlords In areas, otherwise they
continuing to recruit landlords In areas, otherwise they Wouldn‘t be.
in areas, otherwise they Wouldn‘t be. Available or willing is
wouldn‘t be. Available or willing is Something that we continue to
available or willing is Something that we continue to Work on, but that is just a
something that we continue to Work on, but that is just a General idea about the
work on, but that is just a General idea about the Distribution of our vouchers.
general idea about the Distribution of our vouchers. >> so the one unit, it looks
distribution of our vouchers. >> so the one unit, it looks Like that‘s out in the hills in
Lakeway, is that just a
like that‘s out in the hills in Lakeway, is that just a Landlord?
lakeway, is that just a Landlord? Were contracting with for.
landlord? Were contracting with for. >> yes, one unit.
were contracting with for. >> yes, one unit. >> one unit.
>> so that‘s probably a house.
>> yeah.
>> it‘s probably a house.
It could be an apartment with
One unit.
it could be an apartment with One unit. It could be, I don‘t know, off
one unit. It could be, I don‘t know, off The top of my head.
it could be, I don‘t know, off The top of my head. But typically when you find
the top of my head. But typically when you find Areas, those areas, typically
but typically when you find Areas, those areas, typically You will find probably a single
areas, those areas, typically You will find probably a single Family detached house, a small,
you will find probably a single Family detached house, a small, Small unit.
family detached house, a small, Small unit. >> okay.
small unit. >> okay. >> thank you.
In most cases.
We made mention of this before.
in most cases. We made mention of this before. We have received a designation
we made mention of this before. We have received a designation As a moving to work agency.
we have received a designation As a moving to work agency. There‘s only 139 136.
as a moving to work agency. There‘s only 139 136. Housing authorities that have
there‘s only 139 136. Housing authorities that have This designation, and we happen
housing authorities that have This designation, and we happen To be one of those had decided
this designation, and we happen To be one of those had decided To expand on the original 39
to be one of those had decided To expand on the original 39 Back in 2018, and we received
to expand on the original 39 Back in 2018, and we received The opportunity to apply and
back in 2018, and we received The opportunity to apply and Were designated as such.
the opportunity to apply and Were designated as such. What that does is provide some
were designated as such. What that does is provide some Flexible flexibility as it
what that does is provide some Flexible flexibility as it Relates to some of the federal
flexible flexibility as it Relates to some of the federal Standards related to how you run
relates to some of the federal Standards related to how you run Your program.
standards related to how you run Your program. So we‘ve tried to leverage that
your program. So we‘ve tried to leverage that In order to make to promote
so we‘ve tried to leverage that In order to make to promote Self-sufficiency.
in order to make to promote Self-sufficiency. So case in point, as an example.
self-sufficiency. So case in point, as an example. Someone earning more income,
so case in point, as an example. Someone earning more income, They got a raise at their job.
someone earning more income, They got a raise at their job. We don‘t require you to come in
they got a raise at their job. We don‘t require you to come in And do an interim
we don‘t require you to come in And do an interim Recertification with the idea
and do an interim Recertification with the idea That you would save those funds
recertification with the idea That you would save those funds And be able to obviously become
that you would save those funds And be able to obviously become More self-sufficient, as an
and be able to obviously become More self-sufficient, as an Example.
more self-sufficient, as an Example. But the traditional program
example. But the traditional program Doesn‘t allow you to do that.
but the traditional program Doesn‘t allow you to do that. You would have to make an
doesn‘t allow you to do that. You would have to make an Adjustment in your you would
you would have to make an Adjustment in your you would Have to go in and come in, do a
adjustment in your you would Have to go in and come in, do a Recertification.
have to go in and come in, do a Recertification. And that would mean your rent,
recertification. And that would mean your rent, Your rent would go up.
and that would mean your rent, Your rent would go up. >> is that what that second
your rent would go up. >> is that what that second Bullet means?
Promote self-sufficiency,
bullet means? Promote self-sufficiency, Provide incentives for families
promote self-sufficiency, Provide incentives for families To find employment increase.
provide incentives for families To find employment increase. >> that is, that isn‘t one
to find employment increase. >> that is, that isn‘t one Example of such.
Yes, ma‘am.
example of such. Yes, ma‘am. >> congrats.
yes, ma‘am. >> congrats. >> so again, we talked about coc
And for a while obviously that
Funding is is there‘s some
and for a while obviously that Funding is is there‘s some Uncertainty there.
funding is is there‘s some Uncertainty there. But the providers in the area
uncertainty there. But the providers in the area Have all been working together.
but the providers in the area Have all been working together. We got early on, we got some
have all been working together. We got early on, we got some Notification that we were going
we got early on, we got some Notification that we were going To have to do a, an application.
notification that we were going To have to do a, an application. So in the fall, we all were
to have to do a, an application. So in the fall, we all were Pulling together and putting
so in the fall, we all were Pulling together and putting Together application.
pulling together and putting Together application. They suspended that.
together application. They suspended that. So now we‘re back on the
they suspended that. So now we‘re back on the Original schedule because it‘s
so now we‘re back on the Original schedule because it‘s Supposed to be biennial.
original schedule because it‘s Supposed to be biennial. So so it changes from day to day
supposed to be biennial. So so it changes from day to day To day, unfortunately.
so so it changes from day to day To day, unfortunately. But we, we know that there are
to day, unfortunately. But we, we know that there are Shortfall a, a reduction in the
but we, we know that there are Shortfall a, a reduction in the Amount of funds is coming.
shortfall a, a reduction in the Amount of funds is coming. And so we‘re all trying to plan
amount of funds is coming. And so we‘re all trying to plan Accordingly for such.
and so we‘re all trying to plan Accordingly for such. But obviously that is a very
accordingly for such. But obviously that is a very Critical program, as in the
but obviously that is a very Critical program, as in the Homeless space.
critical program, as in the Homeless space. And we hope that we can continue
homeless space. And we hope that we can continue To provide that service.
and we hope that we can continue To provide that service. >> and patrick, I think it could
to provide that service. >> and patrick, I think it could Be upwards of a 30% cut to the
Coc funding.
be upwards of a 30% cut to the Coc funding. >> you are correct.
coc funding. >> you are correct. Yeah.
You.
yeah. You. Yes, that‘s probably more
you. Yes, that‘s probably more Accurate.
yes, that‘s probably more Accurate. Thank you.
accurate. Thank you. Not better news, but it is more
thank you. Not better news, but it is more More accurate as it relates to
not better news, but it is more More accurate as it relates to What we‘re dealing with.
more accurate as it relates to What we‘re dealing with. So we were successful for years.
what we‘re dealing with. So we were successful for years. We had not had a family
so we were successful for years. We had not had a family Self-sufficiency program.
we had not had a family Self-sufficiency program. We did have a foundation that
self-sufficiency program. We did have a foundation that Was doing some work.
we did have a foundation that Was doing some work. But we‘re excited about the fact
was doing some work. But we‘re excited about the fact That for the last year, we‘ve
but we‘re excited about the fact That for the last year, we‘ve Had a family self-sufficiency
that for the last year, we‘ve Had a family self-sufficiency Program.
had a family self-sufficiency Program. You‘ll hear from one of our
program. You‘ll hear from one of our Staff members later on as they
you‘ll hear from one of our Staff members later on as they Talk about the down payment
staff members later on as they Talk about the down payment Assistance program, because
talk about the down payment Assistance program, because That‘s one of the things that
assistance program, because That‘s one of the things that We‘re trying to promote is
that‘s one of the things that We‘re trying to promote is Homeownership as well.
we‘re trying to promote is Homeownership as well. But we are happy to say that we
homeownership as well. But we are happy to say that we Are continuing to try to look in
but we are happy to say that we Are continuing to try to look in How we invest in our families
are continuing to try to look in How we invest in our families And make them more
how we invest in our families And make them more Self-sufficient.
and make them more Self-sufficient. So that‘s obviously a direct
self-sufficient. So that‘s obviously a direct Result of the efforts of the
so that‘s obviously a direct Result of the efforts of the Family, self-sufficiency staff
result of the efforts of the Family, self-sufficiency staff And all of our partners as it
family, self-sufficiency staff And all of our partners as it Relates to such.
and all of our partners as it Relates to such. So again, the family
relates to such. So again, the family Self-sufficiency program focuses
so again, the family Self-sufficiency program focuses On things like homeownership,
self-sufficiency program focuses On things like homeownership, Financial literacy, workforce
on things like homeownership, Financial literacy, workforce Development, and the like.
financial literacy, workforce Development, and the like. And so again, that is a very
development, and the like. And so again, that is a very Successful program.
and so again, that is a very Successful program. Over the years, many agencies
successful program. Over the years, many agencies Obviously elect to participate
over the years, many agencies Obviously elect to participate In that, in addition to some of
obviously elect to participate In that, in addition to some of The other programs that we hope
in that, in addition to some of The other programs that we hope To be able to do, like ross and
the other programs that we hope To be able to do, like ross and Jobs plus in the future.
to be able to do, like ross and Jobs plus in the future. But this is we are happy about
jobs plus in the future. But this is we are happy about Our family self-sufficiency
but this is we are happy about Our family self-sufficiency Program.
our family self-sufficiency Program. So we that family
program. So we that family Self-sufficiency is is a part of
so we that family Self-sufficiency is is a part of Our broader initiative with our
self-sufficiency is is a part of Our broader initiative with our Foundation, our 501 c three that
our broader initiative with our Foundation, our 501 c three that We created back in 2017 to
foundation, our 501 c three that We created back in 2017 to Promote self-sufficiency.
we created back in 2017 to Promote self-sufficiency. So even outside of the family
promote self-sufficiency. So even outside of the family Self-sufficiency program, which
so even outside of the family Self-sufficiency program, which If you‘re familiar with it, is
self-sufficiency program, which If you‘re familiar with it, is Very prescribed.
if you‘re familiar with it, is Very prescribed. We are we are partnering with
very prescribed. We are we are partnering with Entities like the urban league,
we are we are partnering with Entities like the urban league, Black men‘s health clinic,
entities like the urban league, Black men‘s health clinic, Central food bank.
black men‘s health clinic, Central food bank. We have a we have a farmer‘s
central food bank. We have a we have a farmer‘s Market at our senior building
we have a we have a farmer‘s Market at our senior building Every month.
market at our senior building Every month. And we‘ve done that for more
every month. And we‘ve done that for more Than a year.
and we‘ve done that for more Than a year. And other partnerships we have,
than a year. And other partnerships we have, Like with south state bank, but
and other partnerships we have, Like with south state bank, but Very happy about those community
like with south state bank, but Very happy about those community Partners that have stepped up
very happy about those community Partners that have stepped up And assisted us as we‘ve tried
partners that have stepped up And assisted us as we‘ve tried To work on help empowering our
and assisted us as we‘ve tried To work on help empowering our Residents.
to work on help empowering our Residents. So we‘re very excited about
residents. So we‘re very excited about Those things.
so we‘re very excited about Those things. >> where do you have the
those things. >> where do you have the Farmer‘s market?
>> it‘s at maynard town, maynard
farmer‘s market? >> it‘s at maynard town, maynard Town two, our apartments in the
City of maynard.
town two, our apartments in the City of maynard. We have it.
city of maynard. We have it. The next one is coming up.
we have it. The next one is coming up. Next week.
the next one is coming up. Next week. Next tuesday, be there or be
next week. Next tuesday, be there or be Square next tuesday from 1130 to
next tuesday, be there or be Square next tuesday from 1130 to 1230.
square next tuesday from 1130 to 1230. >> okay?
>> yes.
So on that note, we actually are
Going to be participating in a.
so on that note, we actually are Going to be participating in a. And with the food bank to do a
going to be participating in a. And with the food bank to do a Hot meal deliveries for our
and with the food bank to do a Hot meal deliveries for our Seniors, up to 50 seniors.
hot meal deliveries for our Seniors, up to 50 seniors. We‘re also going to be expanding
seniors, up to 50 seniors. We‘re also going to be expanding And doing a summer lunch program
we‘re also going to be expanding And doing a summer lunch program As well at one of the sites.
and doing a summer lunch program As well at one of the sites. So again, our partnership with
as well at one of the sites. So again, our partnership with The food bank, we can‘t say
so again, our partnership with The food bank, we can‘t say Enough about how happy we are
the food bank, we can‘t say Enough about how happy we are About being able to partner with
enough about how happy we are About being able to partner with Them on such initiatives.
about being able to partner with Them on such initiatives. So again, the more about the
them on such initiatives. So again, the more about the Foundation, just doing great
so again, the more about the Foundation, just doing great Work and really happy about
foundation, just doing great Work and really happy about That.
work and really happy about That. So we completed our third
that. So we completed our third Strategic plan last fall.
so we completed our third Strategic plan last fall. We approved that in december.
strategic plan last fall. We approved that in december. And so we‘re in the throes of
we approved that in december. And so we‘re in the throes of Our our five year plan.
and so we‘re in the throes of Our our five year plan. That speaks to some of what I
our our five year plan. That speaks to some of what I Talked about as it relates to
that speaks to some of what I Talked about as it relates to Resident initiatives, finance,
talked about as it relates to Resident initiatives, finance, Real estate development, hr and
resident initiatives, finance, Real estate development, hr and Organizational development and
real estate development, hr and Organizational development and The like.
organizational development and The like. And so we are putting those
the like. And so we are putting those Things in place with the help
and so we are putting those Things in place with the help And leadership of the board and
things in place with the help And leadership of the board and Our partners.
and leadership of the board and Our partners. So we‘re very happy about
our partners. So we‘re very happy about Continuing to look forward as we
so we‘re very happy about Continuing to look forward as we Talk about having a roadmap for
continuing to look forward as we Talk about having a roadmap for The future.
talk about having a roadmap for The future. So again, our partnership,
the future. So again, our partnership, Workforce housing, I shared
so again, our partnership, Workforce housing, I shared About one of our projects.
workforce housing, I shared About one of our projects. We are continuing to partner
about one of our projects. We are continuing to partner Again in those.
we are continuing to partner Again in those. And that‘s what makes us able to
again in those. And that‘s what makes us able to Continue to advance our mission.
and that‘s what makes us able to Continue to advance our mission. Despite all the challenges that
continue to advance our mission. Despite all the challenges that We, we, we face with all the
despite all the challenges that We, we, we face with all the Uncertainty, we‘re still moving
we, we, we face with all the Uncertainty, we‘re still moving Forward.
uncertainty, we‘re still moving Forward. So.
forward. So. Podcast, you heard a little bit
so. Podcast, you heard a little bit About it.
podcast, you heard a little bit About it. Tune in to the youtube channel
about it. Tune in to the youtube channel To hear more about some of the
tune in to the youtube channel To hear more about some of the Things that we‘re doing, but we
to hear more about some of the Things that we‘re doing, but we Want affordable housing for
things that we‘re doing, but we Want affordable housing for Vulnerable populations to be
want affordable housing for Vulnerable populations to be Front and center.
vulnerable populations to be Front and center. And part of conversations that
front and center. And part of conversations that People are having, because it‘s
and part of conversations that People are having, because it‘s Important to understand why that
people are having, because it‘s Important to understand why that Needs to be talked about,
important to understand why that Needs to be talked about, Because it‘s a community
needs to be talked about, Because it‘s a community Problem.
because it‘s a community Problem. So we‘ve continued to put the
problem. So we‘ve continued to put the Word out about such things,
so we‘ve continued to put the Word out about such things, Leveraging social media, youtube
word out about such things, Leveraging social media, youtube And the like to be able to talk
leveraging social media, youtube And the like to be able to talk About such things.
and the like to be able to talk About such things. So.
about such things. So. Just some of the, some of the,
so. Just some of the, some of the, Some of the podcasts that we‘ve
just some of the, some of the, Some of the podcasts that we‘ve Done to date, we interviewed
some of the podcasts that we‘ve Done to date, we interviewed Doctor lee last fall, which was
done to date, we interviewed Doctor lee last fall, which was A lot of fun.
doctor lee last fall, which was A lot of fun. Food bank and others.
a lot of fun. Food bank and others. So we‘re going to continue that,
food bank and others. So we‘re going to continue that, Continue that work of putting
so we‘re going to continue that, Continue that work of putting The word out.
continue that work of putting The word out. For those that support it.
the word out. For those that support it. We thank you so much.
for those that support it. We thank you so much. We celebrated 50 years of being
we thank you so much. We celebrated 50 years of being An agency in this community
we celebrated 50 years of being An agency in this community Dedicated to providing
an agency in this community Dedicated to providing Affordable housing.
dedicated to providing Affordable housing. We had a very fun event in
affordable housing. We had a very fun event in December at the norris
we had a very fun event in December at the norris Conference center to celebrate
december at the norris Conference center to celebrate Again, celebrating 50 years of
conference center to celebrate Again, celebrating 50 years of Us being partners in this
again, celebrating 50 years of Us being partners in this Community.
us being partners in this Community. Any questions?
community. Any questions? That concludes my presentation.
any questions? That concludes my presentation. >> questions.
that concludes my presentation. >> questions. I‘ve got one.
One of the things that I
Visited, the foundation
one of the things that I Visited, the foundation Communities ribbon cutting on
visited, the foundation Communities ribbon cutting on Their new.
communities ribbon cutting on Their new. I think it was juniper creek and
their new. I think it was juniper creek and They had representatives from a
Couple of different.
they had representatives from a Couple of different. I think they were like banks
couple of different. I think they were like banks That I don‘t know if they were
Using their their red line, you
that I don‘t know if they were Using their their red line, you Know, reinvestment funds to help
using their their red line, you Know, reinvestment funds to help Put money into these kinds of
know, reinvestment funds to help Put money into these kinds of Projects.
put money into these kinds of Projects. But they they have a matching
projects. But they they have a matching Fund that they offer to
but they they have a matching Fund that they offer to Residents to save money for a
fund that they offer to Residents to save money for a Down payment, to purchase a
residents to save money for a Down payment, to purchase a Home, and to the representatives
down payment, to purchase a Home, and to the representatives From two different banks said
home, and to the representatives From two different banks said They can also match those funds,
from two different banks said They can also match those funds, And they can be cumulative.
they can also match those funds, And they can be cumulative. So it can actually turn into
and they can be cumulative. So it can actually turn into Quite a substantial amount of
so it can actually turn into Quite a substantial amount of Funding for residents who may
quite a substantial amount of Funding for residents who may Want to save up, may be able to
funding for residents who may Want to save up, may be able to Save up for some potential
want to save up, may be able to Save up for some potential Homeownership in the future.
save up for some potential Homeownership in the future. I don‘t know if that‘s something
homeownership in the future. I don‘t know if that‘s something That‘s possible for the
Residents.
that‘s possible for the Residents. I know that these are very, very
residents. I know that these are very, very Low income housing residents.
So it may not it may not be
low income housing residents. So it may not it may not be Feasible.
so it may not it may not be Feasible. But is that something that you
feasible. But is that something that you All have looked at?
but is that something that you All have looked at? It just seemed like a great
all have looked at? It just seemed like a great Program to me.
it just seemed like a great Program to me. And one where private banks were
program to me. And one where private banks were Literally volunteering to help
and one where private banks were Literally volunteering to help Contribute to match those funds.
literally volunteering to help Contribute to match those funds. >> well.
contribute to match those funds. >> well. >> I think this historically, I
Mean, the, the, with the
Community reinvestment act funds
mean, the, the, with the Community reinvestment act funds Being banks have been critically
community reinvestment act funds Being banks have been critically Important with down payment
being banks have been critically Important with down payment Assistance.
important with down payment Assistance. I know there‘s a presentation a
assistance. I know there‘s a presentation a Little later about down payment
Assistance program, but we
little later about down payment Assistance program, but we Certainly believe that we‘re
assistance program, but we Certainly believe that we‘re Going to try to leverage as much
certainly believe that we‘re Going to try to leverage as much As we can related to how we can
going to try to leverage as much As we can related to how we can Ensure a greater likelihood of
as we can related to how we can Ensure a greater likelihood of Folks becoming homeowners, to
ensure a greater likelihood of Folks becoming homeowners, to Include some of what you‘re
folks becoming homeowners, to Include some of what you‘re Talking about.
include some of what you‘re Talking about. So I‘m I‘m sure that that is
talking about. So I‘m I‘m sure that that is Part of some of what we‘ve been
so I‘m I‘m sure that that is Part of some of what we‘ve been Looking into.
part of some of what we‘ve been Looking into. We have south state bank that
looking into. We have south state bank that Has helped us with one of our
we have south state bank that Has helped us with one of our Programs, has expressed interest
has helped us with one of our Programs, has expressed interest In doing more as it relates to
programs, has expressed interest In doing more as it relates to That.
in doing more as it relates to That. So we certainly will continue to
that. So we certainly will continue to Pursue those kinds of
so we certainly will continue to Pursue those kinds of Partnerships.
pursue those kinds of Partnerships. As you mentioned.
partnerships. As you mentioned. >> okay, great.
as you mentioned. >> okay, great. >> thank you.
>> commissioner.
>> do I know any of the other.
What‘s.
I got business cards and I‘ve
what‘s. I got business cards and I‘ve Forgotten their names, but.
Foundation communities partners
forgotten their names, but. Foundation communities partners With them.
foundation communities partners With them. So I think that there should be
with them. So I think that there should be Either a public record of it or.
so I think that there should be Either a public record of it or. Probably walter monroe would be
either a public record of it or. Probably walter monroe would be Happy to share that information.
probably walter monroe would be Happy to share that information. >> absolutely.
happy to share that information. >> absolutely. >> but they were they were
Contributing funds matching what
The residents were able to save.
contributing funds matching what The residents were able to save. And they had to reduce some of
the residents were able to save. And they had to reduce some of Their matching funds just
and they had to reduce some of Their matching funds just Because their own resources were
their matching funds just Because their own resources were Shrinking.
because their own resources were Shrinking. And the two different bank
shrinking. And the two different bank Representatives spoke up.
and the two different bank Representatives spoke up. When I asked this question and
representatives spoke up. When I asked this question and Said, we do those kinds of
when I asked this question and Said, we do those kinds of Matching funds and they can be
said, we do those kinds of Matching funds and they can be Cumulative.
matching funds and they can be Cumulative. It doesn‘t have to be, you know,
cumulative. It doesn‘t have to be, you know, A one for one replacement.
it doesn‘t have to be, you know, A one for one replacement. So it seemed to me there was and
a one for one replacement. So it seemed to me there was and That foundation communities was
so it seemed to me there was and That foundation communities was Very interested.
that foundation communities was Very interested. Because it would enable them to
very interested. Because it would enable them to Accumulate more matching funds
because it would enable them to Accumulate more matching funds For the residents.
accumulate more matching funds For the residents. >> no, that‘s that‘s.
for the residents. >> no, that‘s that‘s. >> yeah.
>> excellent.
We‘ll definitely continue to
Look into that.
we‘ll definitely continue to Look into that. I mean, and thank you for that
look into that. I mean, and thank you for that Insight.
And so we‘ll make sure we follow
insight. And so we‘ll make sure we follow Up.
and so we‘ll make sure we follow Up. But we definitely are interested
up. But we definitely are interested In homeownership.
but we definitely are interested In homeownership. And that‘s kind of one of the
in homeownership. And that‘s kind of one of the Main focuses of our fss program.
and that‘s kind of one of the Main focuses of our fss program. And again, we‘re happy to be
main focuses of our fss program. And again, we‘re happy to be Partners with travis county and,
and again, we‘re happy to be Partners with travis county and, And their down payment
partners with travis county and, And their down payment Assistance program as well.
and their down payment Assistance program as well. So certainly, certainly part of
assistance program as well. So certainly, certainly part of Part of the priority for us in
so certainly, certainly part of Part of the priority for us in Terms of seeing empowering the
part of the priority for us in Terms of seeing empowering the Residents.
terms of seeing empowering the Residents. >> yes.
residents. >> yes. Excellent.
Thank you.
excellent. Thank you. >> commissioners.
thank you. >> commissioners. >> I just want to to thank the
Team for putting putting maps
Together that kind of tell us
team for putting putting maps Together that kind of tell us Where everything is very
together that kind of tell us Where everything is very Interested also in making sure
where everything is very Interested also in making sure That we know how to tell the
interested also in making sure That we know how to tell the Public to find us, how they can
that we know how to tell the Public to find us, how they can Fill out applications, how they
public to find us, how they can Fill out applications, how they Might look and see what‘s
fill out applications, how they Might look and see what‘s Available, or understand by
might look and see what‘s Available, or understand by Looking on a map, what‘s
available, or understand by Looking on a map, what‘s Available in an area I, I like
looking on a map, what‘s Available in an area I, I like The information that‘s been
available in an area I, I like The information that‘s been Given.
the information that‘s been Given. I always like to see the
given. I always like to see the Inventory and, and what is
Compliant and what we have to
inventory and, and what is Compliant and what we have to Work at.
compliant and what we have to Work at. So I appreciate all the work
work at. So I appreciate all the work That you all have done.
so I appreciate all the work That you all have done. Very responsive.
that you all have done. Very responsive. The relationship with the food
very responsive. The relationship with the food Bank and whatnot.
the relationship with the food Bank and whatnot. Those thing are critical.
bank and whatnot. Those thing are critical. So just want to make sure that
those thing are critical. So just want to make sure that We are listening and providing
so just want to make sure that We are listening and providing The support that you need.
we are listening and providing The support that you need. >> thank you.
the support that you need. >> thank you. >> I wondered if any of the new
Board members wanted to comment.
>> yeah.
board members wanted to comment. >> yeah. >> are you.
[laughter]
Glad you signed.
>> up?
glad you signed. >> up? I am, I‘m looking forward to
Working with patrick and the
Team.
working with patrick and the Team. >> looks like it‘s a great team
team. >> looks like it‘s a great team And learning learning a lot.
>> great.
and learning learning a lot. >> great. >> yes, absolutely.
I will second that and also say
I have been just thoroughly
Impressed in with the number of
Programs and the amount of
impressed in with the number of Programs and the amount of Success that hattie has had.
programs and the amount of Success that hattie has had. And I‘m very proud to be on the
success that hattie has had. And I‘m very proud to be on the Board.
and I‘m very proud to be on the Board. Very proud.
board. Very proud. >> great.
very proud. >> great. >> we were hoping no one was.
[laughter]
Going to say.
>> they regretted it.
going to say. >> they regretted it. >> also, one other thing you
Kind of made me think of is the
Things that we do for students.
kind of made me think of is the Things that we do for students. The things after school type
things that we do for students. The things after school type Programs.
the things after school type Programs. Summer learning opportunities,
programs. Summer learning opportunities, Want to make sure that you‘re
summer learning opportunities, Want to make sure that you‘re Communicating with our health
want to make sure that you‘re Communicating with our health And human services department,
communicating with our health And human services department, Which is administering programs
and human services department, Which is administering programs To make sure that we are
which is administering programs To make sure that we are Crafting things that help our
to make sure that we are Crafting things that help our Students and give them access to
crafting things that help our Students and give them access to Resources as they grow, and
students and give them access to Resources as they grow, and Hopefully more as, as, as they
resources as they grow, and Hopefully more as, as, as they Move towards work or college.
hopefully more as, as, as they Move towards work or college. >> absolutely.
move towards work or college. >> absolutely. >> and.
>> and same with accessing the
Raising travis county program.
I‘m assuming you‘re connecting
raising travis county program. I‘m assuming you‘re connecting Residents to that and making
That information available,
residents to that and making That information available, Whether they have young
that information available, Whether they have young Children.
whether they have young Children. >> thank you.
children. >> thank you. >> and I just want to say
Congratulations on your 50 years
Of operation.
congratulations on your 50 years Of operation. Thank you.
of operation. Thank you. And and I think that the mission
thank you. And and I think that the mission Of that agency has been met.
and and I think that the mission Of that agency has been met. That was the original mission.
of that agency has been met. That was the original mission. And, and I‘m so always so glad
that was the original mission. And, and I‘m so always so glad To see people stick to the
and, and I‘m so always so glad To see people stick to the Mission, you know, because that
to see people stick to the Mission, you know, because that Just makes it so much easier to,
mission, you know, because that Just makes it so much easier to, To, to work off of a base that
just makes it so much easier to, To, to work off of a base that You have.
to, to work off of a base that You have. And, and obviously this is
you have. And, and obviously this is Working for the families who
and, and obviously this is Working for the families who Really needed this, this, this
working for the families who Really needed this, this, this Service starting 50 years ago.
really needed this, this, this Service starting 50 years ago. And thank you for the, the, the
service starting 50 years ago. And thank you for the, the, the Coin for it as a remembrance.
and thank you for the, the, the Coin for it as a remembrance. Thanks so much for all that
coin for it as a remembrance. Thanks so much for all that You‘re doing.
thanks so much for all that You‘re doing. You‘re welcome for these
you‘re doing. You‘re welcome for these Families.
you‘re welcome for these Families. Thank you, thank you.
families. Thank you, thank you. >> congrats.
thank you, thank you. >> congrats. >> commissioner travillion.
We are also.
>> has a scholarship and we‘ve
we are also. >> has a scholarship and we‘ve The foundation and community
Outreach person is looking out
the foundation and community Outreach person is looking out Throughout the community to see
outreach person is looking out Throughout the community to see If we can identify.
throughout the community to see If we can identify. Students to get that scholarship
if we can identify. Students to get that scholarship With them.
students to get that scholarship With them. We‘re working towards hopefully
with them. We‘re working towards hopefully Having a representative from the
we‘re working towards hopefully Having a representative from the Travis county and from this
having a representative from the Travis county and from this Area.
travis county and from this Area. >> thanks so much.
area. >> thanks so much. >> it‘s important, I think, that
We work over time, and we‘ve
Been looking at groups like
we work over time, and we‘ve Been looking at groups like Communities and schools that
been looking at groups like Communities and schools that When they work on a campus, they
communities and schools that When they work on a campus, they Identify the resources and and
when they work on a campus, they Identify the resources and and Kind of act as a family resource
identify the resources and and Kind of act as a family resource Center.
kind of act as a family resource Center. So to make sure that we know the
center. So to make sure that we know the Resources that are on the
so to make sure that we know the Resources that are on the Ground, how close they are to
resources that are on the Ground, how close they are to The facilities that you have in
ground, how close they are to The facilities that you have in Place, how we develop systems
the facilities that you have in Place, how we develop systems Rather than transactions, how do
place, how we develop systems Rather than transactions, how do We make sure that we know that
rather than transactions, how do We make sure that we know that That each and every family
we make sure that we know that That each and every family Understands what‘s in every
that each and every family Understands what‘s in every Campus and can take advantage of
understands what‘s in every Campus and can take advantage of Those?
campus and can take advantage of Those? >> we go to the conferences all
those? >> we go to the conferences all Over and they you see people
From other cities and states
over and they you see people From other cities and states Getting these scholarships and
from other cities and states Getting these scholarships and Awards and said, we got to do
getting these scholarships and Awards and said, we got to do Something here in travis county.
awards and said, we got to do Something here in travis county. So that‘s what that‘s what we‘re
something here in travis county. So that‘s what that‘s what we‘re Looking forward to.
so that‘s what that‘s what we‘re Looking forward to. >> so we‘re putting together
looking forward to. >> so we‘re putting together Apparatus in the office.
So we work directly with you.
apparatus in the office. So we work directly with you. >> great.
so we work directly with you. >> great. Thank you.
>> thank you so much.
thank you. >> thank you so much. >> thank you.
And congrats on.
50 years.
and congrats on. 50 years. >> thank you.
>> the next item is the
Strategic housing finance
Corporation.
strategic housing finance Corporation. Receive the spring 2026 update
corporation. Receive the spring 2026 update From the strategic housing
receive the spring 2026 update From the strategic housing Finance corporation of travis
from the strategic housing Finance corporation of travis County.
finance corporation of travis County. Oh, thank you.
county. Oh, thank you. >> thank you.
oh, thank you. >> thank you. >> thank you.
>> thank you very much.
>> go ahead.
Whenever you‘re ready.
>> thank you.
whenever you‘re ready. >> thank you. Judge brown and commissioners
For the opportunity to be here
judge brown and commissioners For the opportunity to be here With you today.
for the opportunity to be here With you today. We‘re glad to be back before the
with you today. We‘re glad to be back before the Court.
we‘re glad to be back before the Court. Since our last update, strategic
court. Since our last update, strategic Hfc has continued to learn to
since our last update, strategic Hfc has continued to learn to Grow, and our hope is to really
hfc has continued to learn to Grow, and our hope is to really Raise the bar for what a public
grow, and our hope is to really Raise the bar for what a public Housing finance entity can do
raise the bar for what a public Housing finance entity can do For travis county.
housing finance entity can do For travis county. We are in the midst of
for travis county. We are in the midst of Challenging market conditions,
we are in the midst of Challenging market conditions, As you know, but we are
challenging market conditions, As you know, but we are Protecting the quality of our
as you know, but we are Protecting the quality of our Existing portfolio.
protecting the quality of our Existing portfolio. We‘re improving tenant
existing portfolio. We‘re improving tenant Protections, and we‘re laying
we‘re improving tenant Protections, and we‘re laying The groundwork for responsible
protections, and we‘re laying The groundwork for responsible Growth going forward.
the groundwork for responsible Growth going forward. With that, I will pass it to our
growth going forward. With that, I will pass it to our President, ashley huddleston.
with that, I will pass it to our President, ashley huddleston. >> thank you, diana, and thank
president, ashley huddleston. >> thank you, diana, and thank You, commissioners, for having
Us back at the court.
you, commissioners, for having Us back at the court. Since our last briefing, this
us back at the court. Since our last briefing, this Court has appointed the
since our last briefing, this Court has appointed the Brilliant director, catherine.
court has appointed the Brilliant director, catherine. [laughter]
brilliant director, catherine. [laughter] Gross, to the board.
[laughter]
gross, to the board. [laughter] Catherine lee, catherine leads
Affordable housing work at pnc
catherine lee, catherine leads Affordable housing work at pnc Bank, and she has been a
affordable housing work at pnc Bank, and she has been a Phenomenal addition.
bank, and she has been a Phenomenal addition. Her institutional lending
phenomenal addition. Her institutional lending Experience has already
her institutional lending Experience has already Strengthened how we evaluate and
experience has already Strengthened how we evaluate and Structure our deals.
strengthened how we evaluate and Structure our deals. We‘re also grateful for the
structure our deals. We‘re also grateful for the Steady leadership of our veteran
we‘re also grateful for the Steady leadership of our veteran Directors keisha prince, julio
steady leadership of our veteran Directors keisha prince, julio Gonzalez and jan weinig, who
directors keisha prince, julio Gonzalez and jan weinig, who Continue to ground this board
gonzalez and jan weinig, who Continue to ground this board With institutional knowledge.
continue to ground this board With institutional knowledge. That depth of experience shows
with institutional knowledge. That depth of experience shows In the work our committees carry
that depth of experience shows In the work our committees carry Out between briefings and board
in the work our committees carry Out between briefings and board Meetings.
out between briefings and board Meetings. Every director on the board
meetings. Every director on the board Serves on at least one
every director on the board Serves on at least one Committee.
serves on at least one Committee. The executive committee steers
committee. The executive committee steers The ship real estate committee,
the executive committee steers The ship real estate committee, Which I chair guides development
the ship real estate committee, Which I chair guides development And deal terms.
which I chair guides development And deal terms. Finance and administration,
and deal terms. Finance and administration, Chaired by past president jan
finance and administration, Chaired by past president jan Weinig, handles the budgeting
chaired by past president jan Weinig, handles the budgeting And audit process and our newest
weinig, handles the budgeting And audit process and our newest Committee, tenant affairs,
and audit process and our newest Committee, tenant affairs, Chaired by director bea arce,
committee, tenant affairs, Chaired by director bea arce, Ensures that the tenant voice is
chaired by director bea arce, Ensures that the tenant voice is A part of every conversation.
ensures that the tenant voice is A part of every conversation. This is a board that is engaged
a part of every conversation. This is a board that is engaged And informed and eager to build
this is a board that is engaged And informed and eager to build Something that will last.
and informed and eager to build Something that will last. I want to spend a moment on the
something that will last. I want to spend a moment on the New tenant affairs committee,
Because it reflects how we‘re
new tenant affairs committee, Because it reflects how we‘re Thinking about governance going
because it reflects how we‘re Thinking about governance going Forward.
thinking about governance going Forward. We formed this committee in
forward. We formed this committee in December of 2025 with a clear
we formed this committee in December of 2025 with a clear Purpose to ensure that the
december of 2025 with a clear Purpose to ensure that the Resident experience is
purpose to ensure that the Resident experience is Considered in every level of our
resident experience is Considered in every level of our Decision making, from the
considered in every level of our Decision making, from the Policies we set, to the deals we
decision making, from the Policies we set, to the deals we Structure, to the way that we
policies we set, to the deals we Structure, to the way that we Measure ourselves, the committee
structure, to the way that we Measure ourselves, the committee Draws on expertise we already
measure ourselves, the committee Draws on expertise we already Have at the table, including our
draws on expertise we already Have at the table, including our Tenant represeative directors.
have at the table, including our Tenant represeative directors. While tenant voices have been a
tenant represeative directors. While tenant voices have been a Part of this board for years,
while tenant voices have been a Part of this board for years, Formalizing the committee makes
part of this board for years, Formalizing the committee makes That input continuous and
formalizing the committee makes That input continuous and Structural.
that input continuous and Structural. It is a meaningful step forward,
structural. It is a meaningful step forward, And it sets the tone for the
it is a meaningful step forward, And it sets the tone for the Rest of the work that we will
and it sets the tone for the Rest of the work that we will Share with you today.
rest of the work that we will Share with you today. And with that foundational
share with you today. And with that foundational Understanding in place, I‘ll
and with that foundational Understanding in place, I‘ll Turn it back to diana.
understanding in place, I‘ll Turn it back to diana. >> thank you.
turn it back to diana. >> thank you. So I‘d like to share a couple of
Examples of how our commitment
so I‘d like to share a couple of Examples of how our commitment To the tenant experience shows
examples of how our commitment To the tenant experience shows Up in our work.
to the tenant experience shows Up in our work. And so, you know, I think we
up in our work. And so, you know, I think we Would say that we advance our
and so, you know, I think we Would say that we advance our Mission not only by increasing
would say that we advance our Mission not only by increasing The supply and access of
mission not only by increasing The supply and access of Affordable housing, but also
the supply and access of Affordable housing, but also Really paying attention to
affordable housing, but also Really paying attention to Ensuring that the tenants in the
really paying attention to Ensuring that the tenants in the Housing we create benefit from
ensuring that the tenants in the Housing we create benefit from Robust tenant protections.
housing we create benefit from Robust tenant protections. You may be aware that last year,
robust tenant protections. You may be aware that last year, The ut law housing policy
you may be aware that last year, The ut law housing policy Clinic, engaged by basta,
the ut law housing policy Clinic, engaged by basta, Published a report on affordable
clinic, engaged by basta, Published a report on affordable Housing that‘s created through
published a report on affordable Housing that‘s created through Partnerships with organizations
housing that‘s created through Partnerships with organizations Like ourselves, our other local
partnerships with organizations Like ourselves, our other local Housing finance corporations,
like ourselves, our other local Housing finance corporations, And our housing authorities.
housing finance corporations, And our housing authorities. And a part of that report made
and our housing authorities. And a part of that report made Some recommendations around
and a part of that report made Some recommendations around Tenant protections and also laid
some recommendations around Tenant protections and also laid Out sort of a comparative
tenant protections and also laid Out sort of a comparative Analysis of where we were at
out sort of a comparative Analysis of where we were at That time.
analysis of where we were at That time. Using those recommendations, we
that time. Using those recommendations, we Were able to bring
using those recommendations, we Were able to bring Recommendations to our board in
were able to bring Recommendations to our board in November of last year, and at
recommendations to our board in November of last year, and at That time, we approved a new
november of last year, and at That time, we approved a new Term sheet for our mixed income
that time, we approved a new Term sheet for our mixed income Projects that added several new
term sheet for our mixed income Projects that added several new Tenant protections to our
projects that added several new Tenant protections to our Existing policies.
tenant protections to our Existing policies. And so among the policies that
existing policies. And so among the policies that We added were capping
and so among the policies that We added were capping Application fees at no more than
we added were capping Application fees at no more than $100 per household.
application fees at no more than $100 per household. We now mandate that any, any
Optional or mandatory,
we now mandate that any, any Optional or mandatory, Especially mandatory fees, have
optional or mandatory, Especially mandatory fees, have To be disclosed to tenants
especially mandatory fees, have To be disclosed to tenants Before they apply for housing,
to be disclosed to tenants Before they apply for housing, So there are no surprises at the
before they apply for housing, So there are no surprises at the Time of signing the lease, and
so there are no surprises at the Time of signing the lease, and Monthly late fees are capped at
time of signing the lease, and Monthly late fees are capped at 5% of rent.
monthly late fees are capped at 5% of rent. So we know that several of our
Peer agencies are also in the
so we know that several of our Peer agencies are also in the Process of reviewing their own
peer agencies are also in the Process of reviewing their own Tenant protection policies, and
process of reviewing their own Tenant protection policies, and We‘re really hopeful that
tenant protection policies, and We‘re really hopeful that Together we can achieve a shared
we‘re really hopeful that Together we can achieve a shared Set of baseline tenant
together we can achieve a shared Set of baseline tenant Protections.
set of baseline tenant Protections. This is one of the conversations
protections. This is one of the conversations That we‘re having through the
this is one of the conversations That we‘re having through the Monthly roundtable of hfc
that we‘re having through the Monthly roundtable of hfc Housing authorities and fcs,
monthly roundtable of hfc Housing authorities and fcs, That we are coordinating.
housing authorities and fcs, That we are coordinating. >> diana, are you requiring this
that we are coordinating. >> diana, are you requiring this Of in just the properties y‘all
Own, if you will, or in the ones
of in just the properties y‘all Own, if you will, or in the ones That you would be developing or,
own, if you will, or in the ones That you would be developing or, You know, helping finance with a
that you would be developing or, You know, helping finance with a Developer?
you know, helping finance with a Developer? >> so I will say that the vast
developer? >> so I will say that the vast Majority of transactions we see
Are looking to us as a partner
majority of transactions we see Are looking to us as a partner In the development to extend a
are looking to us as a partner In the development to extend a Property tax exemption, because
in the development to extend a Property tax exemption, because It‘s very difficult to make
property tax exemption, because It‘s very difficult to make Deals pencil today without it.
it‘s very difficult to make Deals pencil today without it. So we haven‘t seen a bond only
deals pencil today without it. So we haven‘t seen a bond only Deal in my tenure.
so we haven‘t seen a bond only Deal in my tenure. So for that reason, it really is
deal in my tenure. So for that reason, it really is All new deals.
so for that reason, it really is All new deals. I will say that it applies
all new deals. I will say that it applies Specifically to the mixed income
Or workforce deals, because the
specifically to the mixed income Or workforce deals, because the Tax credit program already has
or workforce deals, because the Tax credit program already has Many of these protections baked
tax credit program already has Many of these protections baked In to the program.
many of these protections baked In to the program. Thank you for the question.
in to the program. Thank you for the question. So another area that we are
thank you for the question. So another area that we are Really proud of in terms of our
so another area that we are Really proud of in terms of our Work.
really proud of in terms of our Work. That that acknowledges that the
work. That that acknowledges that the Tenant experiences is some
that that acknowledges that the Tenant experiences is some Curative work we‘ve done based
tenant experiences is some Curative work we‘ve done based On our history.
curative work we‘ve done based On our history. So we‘ve updated the court
on our history. So we‘ve updated the court Previously on our rosemont
so we‘ve updated the court Previously on our rosemont Tenant investment program.
previously on our rosemont Tenant investment program. And today we‘re really happy to
tenant investment program. And today we‘re really happy to Share the highlights of the
and today we‘re really happy to Share the highlights of the Completed initiative.
share the highlights of the Completed initiative. So this effort, as you know, was
completed initiative. So this effort, as you know, was Born, born of your appointees.
so this effort, as you know, was Born, born of your appointees. Acknowledgment of the hardships
born, born of your appointees. Acknowledgment of the hardships That were endured by tenants
acknowledgment of the hardships That were endured by tenants After winter storm uri, once
that were endured by tenants After winter storm uri, once Strategic, established
after winter storm uri, once Strategic, established Independent operations in 2024,
strategic, established Independent operations in 2024, We worked with basta and with
independent operations in 2024, We worked with basta and with Tenants to design a program that
we worked with basta and with Tenants to design a program that Would provide one time financial
tenants to design a program that Would provide one time financial Assistance to households that
would provide one time financial Assistance to households that Were affected at rosemont after
assistance to households that Were affected at rosemont after The storm.
were affected at rosemont after The storm. So while the program design was
the storm. So while the program design was Relatively straightforward,
so while the program design was Relatively straightforward, Execution was not.
relatively straightforward, Execution was not. You can imagine that property
execution was not. You can imagine that property Management records from the time
you can imagine that property Management records from the time Of the storm were a bit
management records from the time Of the storm were a bit Inconsistent.
of the storm were a bit Inconsistent. People moved quite a bit in
inconsistent. People moved quite a bit in Between units and many were
people moved quite a bit in Between units and many were Relocated.
between units and many were Relocated. We, of course, no longer own the
relocated. We, of course, no longer own the Property at this time, and we
we, of course, no longer own the Property at this time, and we Also understandably saw many
property at this time, and we Also understandably saw many Households move away from
also understandably saw many Households move away from Rosemont in the aftermath of the
households move away from Rosemont in the aftermath of the Storm and in during the
rosemont in the aftermath of the Storm and in during the Prolonged repair and renovation
storm and in during the Prolonged repair and renovation Period.
prolonged repair and renovation Period. So to meet the challenge of
period. So to meet the challenge of Locating former tenants and
so to meet the challenge of Locating former tenants and Engaging them and distributing
locating former tenants and Engaging them and distributing The assistance, we really knew
engaging them and distributing The assistance, we really knew That we would need help.
the assistance, we really knew That we would need help. We were very lucky to find
that we would need help. We were very lucky to find Partners in el samaritano and
we were very lucky to find Partners in el samaritano and Cvs associates who had carried
partners in el samaritano and Cvs associates who had carried Out relocation on site.
cvs associates who had carried Out relocation on site. We were able to lean on their
out relocation on site. We were able to lean on their Trusted relationships at
we were able to lean on their Trusted relationships at Rosemont and in the community at
trusted relationships at Rosemont and in the community at Large.
rosemont and in the community at Large. This was important in part
large. This was important in part Because you can imagine that
this was important in part Because you can imagine that Being contacted out of the blue
because you can imagine that Being contacted out of the blue And told that we had some very
being contacted out of the blue And told that we had some very Flexible financial assistance
and told that we had some very Flexible financial assistance Available to you.
flexible financial assistance Available to you. Sounds a lot like a scam.
available to you. Sounds a lot like a scam. So we actually needed often to
sounds a lot like a scam. So we actually needed often to Be quite persistent and make
so we actually needed often to Be quite persistent and make Sure that people understood what
be quite persistent and make Sure that people understood what This was, what it was related
sure that people understood what This was, what it was related To, and the trust that they had
this was, what it was related To, and the trust that they had With, with cvr and, and el buen
to, and the trust that they had With, with cvr and, and el buen Was really important there.
with, with cvr and, and el buen Was really important there. So we‘ll say that about 65% of
was really important there. So we‘ll say that about 65% of Households were served in the
so we‘ll say that about 65% of Households were served in the First four months of the
households were served in the First four months of the Program.
first four months of the Program. For those folks that we did have
program. For those folks that we did have Good contact information for,
for those folks that we did have Good contact information for, But locating and engaging the
good contact information for, But locating and engaging the Rest of the former tenants was a
but locating and engaging the Rest of the former tenants was a Painstaking process.
rest of the former tenants was a Painstaking process. We eventually extended the
painstaking process. We eventually extended the Program through march of this
we eventually extended the Program through march of this Year, and with again the help of
program through march of this Year, and with again the help of Our partners, we were able to
year, and with again the help of Our partners, we were able to Locate those families who had
our partners, we were able to Locate those families who had Moved across town, who had moved
locate those families who had Moved across town, who had moved Across the region, and in some
moved across town, who had moved Across the region, and in some Cases, even out of the united
across the region, and in some Cases, even out of the united States.
cases, even out of the united States. We simply would not have been
states. We simply would not have been Successful without their help.
we simply would not have been Successful without their help. And we want to recognize them
successful without their help. And we want to recognize them Today.
and we want to recognize them Today. We‘ve got some of those folks in
today. We‘ve got some of those folks in The audience.
we‘ve got some of those folks in The audience. I think if you‘ll raise your
the audience. I think if you‘ll raise your Hands.
Thank you.
hands. Thank you. >> that is great.
thank you. >> that is great. >> so with the help of our
Partners, our program identified
A total of 226 eligible
partners, our program identified A total of 226 eligible Households.
a total of 226 eligible Households. That‘s anyone that lived at
households. That‘s anyone that lived at Rosemont from the time of the
that‘s anyone that lived at Rosemont from the time of the Storm until we sold the property
rosemont from the time of the Storm until we sold the property Through a great deal of
storm until we sold the property Through a great deal of Creativity and persistence, the
through a great deal of Creativity and persistence, the Program was eventually able to
creativity and persistence, the Program was eventually able to Serve 215 or 95% of those
program was eventually able to Serve 215 or 95% of those Households.
serve 215 or 95% of those Households. We distributed $7,200 to each
households. We distributed $7,200 to each Household, and that totaled just
we distributed $7,200 to each Household, and that totaled just Over $1.5 million in direct
household, and that totaled just Over $1.5 million in direct Financial support.
over $1.5 million in direct Financial support. During the planning phase, we
financial support. During the planning phase, we Heard from tenants that they
during the planning phase, we Heard from tenants that they Felt very strongly that the
heard from tenants that they Felt very strongly that the Assistance should be flexible,
felt very strongly that the Assistance should be flexible, Given the experience that they
assistance should be flexible, Given the experience that they Had lived through.
given the experience that they Had lived through. And so it was what we heard from
had lived through. And so it was what we heard from Tenants post program was that
and so it was what we heard from Tenants post program was that They still used the most common
tenants post program was that They still used the most common Uses for assistance were rent,
they still used the most common Uses for assistance were rent, Utilities and transportation.
uses for assistance were rent, Utilities and transportation. This was followed by other basic
utilities and transportation. This was followed by other basic Living expenses like child care,
this was followed by other basic Living expenses like child care, Food or medical expense.
living expenses like child care, Food or medical expense. And you do.
food or medical expense. And you do. I think maybe it‘s on the
and you do. I think maybe it‘s on the Previous slide, have a quote
From one of our tenants.
previous slide, have a quote From one of our tenants. Thank you.
from one of our tenants. Thank you. Other recipients let us know
thank you. Other recipients let us know That they use the funds to save
other recipients let us know That they use the funds to save Toward a down payment for their
that they use the funds to save Toward a down payment for their First home, that they were able
toward a down payment for their First home, that they were able To reduce their debt burden or
first home, that they were able To reduce their debt burden or Invest in small business.
to reduce their debt burden or Invest in small business. And I‘d love to give you an
invest in small business. And I‘d love to give you an Example of one of the stories
and I‘d love to give you an Example of one of the stories That was shared with us.
example of one of the stories That was shared with us. One gentleman told us that he
that was shared with us. One gentleman told us that he Was able to use the assistance
one gentleman told us that he Was able to use the assistance To pay down the loan on the
was able to use the assistance To pay down the loan on the Truck that he uses for his
to pay down the loan on the Truck that he uses for his Handyman business, and in turn,
truck that he uses for his Handyman business, and in turn, That enabled him to begin to
handyman business, and in turn, That enabled him to begin to Invest in further equipment and
that enabled him to begin to Invest in further equipment and Tools to support that business.
invest in further equipment and Tools to support that business. We‘ve completed this program,
tools to support that business. We‘ve completed this program, But the impact of rosemont will
we‘ve completed this program, But the impact of rosemont will Continue to influence how we
but the impact of rosemont will Continue to influence how we Approach our developments and
continue to influence how we Approach our developments and Care for our portfolio long into
approach our developments and Care for our portfolio long into The future.
care for our portfolio long into The future. >> can I just ask?
the future. >> can I just ask? I had understood that the the
Sale of rosemont didn‘t produce
Quite as much revenue as was
sale of rosemont didn‘t produce Quite as much revenue as was Initially intended, so I‘m
quite as much revenue as was Initially intended, so I‘m Interested to know how you were
initially intended, so I‘m Interested to know how you were Able to set aside.
interested to know how you were Able to set aside. >> yes.
able to set aside. >> yes. >> $2 million.
Congratulations on this.
It sounds like you really worked
congratulations on this. It sounds like you really worked Hard to take care of the
it sounds like you really worked Hard to take care of the Residents who were put in a
hard to take care of the Residents who were put in a Horrible situation, but I‘m just
residents who were put in a Horrible situation, but I‘m just Interested to know how you‘re
horrible situation, but I‘m just Interested to know how you‘re Able to do it.
interested to know how you‘re Able to do it. >> yes.
able to do it. >> yes. And I‘m glad you pointed this
Out.
and I‘m glad you pointed this Out. So, rosemont, the sale rosemont
out. So, rosemont, the sale rosemont Was a net loss to the
so, rosemont, the sale rosemont Was a net loss to the Organization.
was a net loss to the Organization. And so in the face of that net
organization. And so in the face of that net Loss, the board still elected to
and so in the face of that net Loss, the board still elected to Set aside additional funds from
loss, the board still elected to Set aside additional funds from Our balance sheet to do this.
set aside additional funds from Our balance sheet to do this. I‘m happy to have we have at
our balance sheet to do this. I‘m happy to have we have at Least one director who was here
During that time to make a
least one director who was here During that time to make a Comment.
during that time to make a Comment. If you‘d like.
comment. If you‘d like. >> the exact story.
if you‘d like. >> the exact story. We thought that.
So to just visually explain,
we thought that. So to just visually explain, Obviously strategics reserve‘s
so to just visually explain, Obviously strategics reserve‘s Balance sheet was hit.
obviously strategics reserve‘s Balance sheet was hit. We could have used the funds to
balance sheet was hit. We could have used the funds to Replenish, reinvest, or just
we could have used the funds to Replenish, reinvest, or just Have security.
replenish, reinvest, or just Have security. We thought that this was such a
have security. We thought that this was such a Core promise, given the
we thought that this was such a Core promise, given the Experience that we needed to
core promise, given the Experience that we needed to Fulfill it.
experience that we needed to Fulfill it. Moreover, and this is important
fulfill it. Moreover, and this is important For those that have been through
moreover, and this is important For those that have been through The journey with us, the tenants
for those that have been through The journey with us, the tenants Trusted us in this transaction
the journey with us, the tenants Trusted us in this transaction Because if you recall, we did
trusted us in this transaction Because if you recall, we did Not get to fulfill the
because if you recall, we did Not get to fulfill the Partnership, the mission driven
not get to fulfill the Partnership, the mission driven Partnership we had envisioned
partnership, the mission driven Partnership we had envisioned With a leading affordable
partnership we had envisioned With a leading affordable Housing provider in this
with a leading affordable Housing provider in this Community.
housing provider in this Community. And so there were significant,
community. And so there were significant, Distraught feelings that could
and so there were significant, Distraught feelings that could Have fomented trust, distrust.
distraught feelings that could Have fomented trust, distrust. And so our solution was to is to
have fomented trust, distrust. And so our solution was to is to Say we are going to follow
and so our solution was to is to Say we are going to follow Through on the ideas of the
say we are going to follow Through on the ideas of the Mission driven partnership
through on the ideas of the Mission driven partnership Through novel means, even if it
mission driven partnership Through novel means, even if it Means we do not get to repair
through novel means, even if it Means we do not get to repair Our balance sheet, which we owe
means we do not get to repair Our balance sheet, which we owe To you, to the taxpayers, to
our balance sheet, which we owe To you, to the taxpayers, to Future affordable housing
to you, to the taxpayers, to Future affordable housing Investment, as quickly as we
future affordable housing Investment, as quickly as we Would like, we‘ll find other
investment, as quickly as we Would like, we‘ll find other Solutions for that.
would like, we‘ll find other Solutions for that. And I think ultimately, the the
solutions for that. And I think ultimately, the the Decision has been proven to be
and I think ultimately, the the Decision has been proven to be Correct, because if we look back
decision has been proven to be Correct, because if we look back At what that end to our
correct, because if we look back At what that end to our Ownership will be looked at as
at what that end to our Ownership will be looked at as Is given many poor choices, we
ownership will be looked at as Is given many poor choices, we Tried to find a way that the
is given many poor choices, we Tried to find a way that the Property would be put in better
tried to find a way that the Property would be put in better Hands than ours, that the
property would be put in better Hands than ours, that the Taxpayers and voters would have
hands than ours, that the Taxpayers and voters would have A policy outcome that they could
taxpayers and voters would have A policy outcome that they could Find sustainable and support,
a policy outcome that they could Find sustainable and support, That we would get to a good
find sustainable and support, That we would get to a good Financial place and most
that we would get to a good Financial place and most Importantly, that we would
financial place and most Importantly, that we would Attempt our best in this
importantly, that we would Attempt our best in this Imperfect world at repair for
attempt our best in this Imperfect world at repair for What had happened.
imperfect world at repair for What had happened. And so for me, I will tell you,
what had happened. And so for me, I will tell you, When we were voting to do the
and so for me, I will tell you, When we were voting to do the Transaction, it was an
when we were voting to do the Transaction, it was an Uncomfortable moment.
transaction, it was an Uncomfortable moment. We needed to take a leap of
uncomfortable moment. We needed to take a leap of Faith that credible partners
we needed to take a leap of Faith that credible partners Would want to partner with us.
faith that credible partners Would want to partner with us. We‘re very grateful that people
would want to partner with us. We‘re very grateful that people With real reputation in this
we‘re very grateful that people With real reputation in this Community want to do something
with real reputation in this Community want to do something This hard, that the folks there
community want to do something This hard, that the folks there Would be willing to open their
this hard, that the folks there Would be willing to open their Door literally and
would be willing to open their Door literally and Metaphorically and literally to
door literally and Metaphorically and literally to Accept the program that we would
metaphorically and literally to Accept the program that we would Have a board and a staff that
accept the program that we would Have a board and a staff that Would be able to follow through.
have a board and a staff that Would be able to follow through. So as we‘ve seen the
would be able to follow through. So as we‘ve seen the Implementation, I‘ve been very
so as we‘ve seen the Implementation, I‘ve been very Happy and appreciative that
implementation, I‘ve been very Happy and appreciative that You‘ve trusted to do this on
happy and appreciative that You‘ve trusted to do this on Your behalf.
you‘ve trusted to do this on Your behalf. I think it‘s a really proud
your behalf. I think it‘s a really proud Moment.
I‘ll conclude with, I think
moment. I‘ll conclude with, I think People that we hold in high
Esteem have told us, it‘s one
people that we hold in high Esteem have told us, it‘s one Thing to promise something like
esteem have told us, it‘s one Thing to promise something like This.
thing to promise something like This. It‘s another thing to come
this. It‘s another thing to come Anywhere near where we‘ve been
it‘s another thing to come Anywhere near where we‘ve been At in delivering.
anywhere near where we‘ve been At in delivering. I think it‘s something that you
at in delivering. I think it‘s something that you Can be really proud of, that
You‘ve collectively enabled,
can be really proud of, that You‘ve collectively enabled, That you can convey to this
you‘ve collectively enabled, That you can convey to this Community of.
that you can convey to this Community of. We understood that there was a
community of. We understood that there was a Challenge.
we understood that there was a Challenge. We found the people to fix it.
challenge. We found the people to fix it. We have done as as good as we
we found the people to fix it. We have done as as good as we Can for these people and for our
we have done as as good as we Can for these people and for our Tenant, for former tenants that
can for these people and for our Tenant, for former tenants that Were in our care.
tenant, for former tenants that Were in our care. And most importantly, we have a
were in our care. And most importantly, we have a Template.
and most importantly, we have a Template. We have a template not only for
template. We have a template not only for The public properties and the
we have a template not only for The public properties and the Mission driven properties, but
the public properties and the Mission driven properties, but For all landlords when they
mission driven properties, but For all landlords when they Encounter these kinds of
for all landlords when they Encounter these kinds of Situations and tragedies about
encounter these kinds of Situations and tragedies about What is just.
situations and tragedies about What is just. >> it‘s a really outstanding
what is just. >> it‘s a really outstanding Example of how to make things
Right.
example of how to make things Right. And there was a lot of coverage
right. And there was a lot of coverage Of the horrible position that a
and there was a lot of coverage Of the horrible position that a Lot of tenants were put in
of the horrible position that a Lot of tenants were put in Caused by winter storm uri,
lot of tenants were put in Caused by winter storm uri, Which was caused by and this is
caused by winter storm uri, Which was caused by and this is Well documented.
which was caused by and this is Well documented. The oil and gas company shorting
well documented. The oil and gas company shorting The supply of natural gas.
the oil and gas company shorting The supply of natural gas. This wasn‘t just an act of god.
the supply of natural gas. This wasn‘t just an act of god. This was also manipulation of
this wasn‘t just an act of god. This was also manipulation of The of the natural gas markets
this was also manipulation of The of the natural gas markets To raise the price.
the of the natural gas markets To raise the price. And so many people were hurt so
to raise the price. And so many people were hurt so Much property damage resulted
and so many people were hurt so Much property damage resulted And so many of the residents
much property damage resulted And so many of the residents Were left with unlivable
and so many of the residents Were left with unlivable Housing.
were left with unlivable Housing. There was a lot of coverage of
housing. There was a lot of coverage of That.
there was a lot of coverage of That. But has there been any coverage
that. But has there been any coverage Of how you‘ve made it right?
but has there been any coverage Of how you‘ve made it right? >> we‘ve not sought that
of how you‘ve made it right? >> we‘ve not sought that Coverage, commissioner.
I think that I think it‘s.
coverage, commissioner. I think that I think it‘s. >> an important story to tell.
Sure.
Yeah.
sure. Yeah. >> I think, you know, it‘s this
yeah. >> I think, you know, it‘s this For us is the least that we can
Do.
for us is the least that we can Do. I mean, we are, of course, happy
do. I mean, we are, of course, happy To talk about it in public as we
Are today.
to talk about it in public as we Are today. But I think that this for us is
are today. But I think that this for us is A matter of our organizational
but I think that this for us is A matter of our organizational Integrity and just core serving
a matter of our organizational Integrity and just core serving The folks and doing the best we
integrity and just core serving The folks and doing the best we Can.
the folks and doing the best we Can. >> it‘s a great example to share
can. >> it‘s a great example to share So that others can see it and
Look to, to replicate it.
so that others can see it and Look to, to replicate it. So congratulations for doing
look to, to replicate it. So congratulations for doing That.
so congratulations for doing That. >> just, just to piggyback on
that. >> just, just to piggyback on That, you know, maybe you‘re not
Seeking publicity.
that, you know, maybe you‘re not Seeking publicity. And I understand that.
seeking publicity. And I understand that. However, to document the
and I understand that. However, to document the Operating procedures, to have a
however, to document the Operating procedures, to have a Manual to refer to the next time
operating procedures, to have a Manual to refer to the next time A storm or an emergency happens,
manual to refer to the next time A storm or an emergency happens, I mean, those are opportunities
a storm or an emergency happens, I mean, those are opportunities To make sure that we are
Training people to address their
to make sure that we are Training people to address their Needs during the most difficult
training people to address their Needs during the most difficult Times.
needs during the most difficult Times. You know, we we reach out to the
times. You know, we we reach out to the Food bank as a process when we
you know, we we reach out to the Food bank as a process when we Know something is coming, we ask
food bank as a process when we Know something is coming, we ask Them to come before the storm
know something is coming, we ask Them to come before the storm And work with our families.
them to come before the storm And work with our families. It would be important to do the
and work with our families. It would be important to do the Same thing as it relates to
it would be important to do the Same thing as it relates to Water.
same thing as it relates to Water. It would be important to do the
water. It would be important to do the Same thing as it relates to all
it would be important to do the Same thing as it relates to all Of those elements, which are
same thing as it relates to all Of those elements, which are Necessary to get people through
of those elements, which are Necessary to get people through An emergency.
necessary to get people through An emergency. And, you know, you know that
an emergency. And, you know, you know that That it has been done right.
and, you know, you know that That it has been done right. And well, it‘s a good thing.
that it has been done right. And well, it‘s a good thing. So that‘s the bonus.
and well, it‘s a good thing. So that‘s the bonus. But how do we make sure that
so that‘s the bonus. But how do we make sure that Whenever something happens,
but how do we make sure that Whenever something happens, We‘ve got a system to work
whenever something happens, We‘ve got a system to work Through?
we‘ve got a system to work Through? And if we can do that, I think
through? And if we can do that, I think We can do something significant.
and if we can do that, I think We can do something significant. >> thank you sir.
we can do something significant. >> thank you sir. >> thank you commissioners.
Now, we‘ve you‘ve heard about
The people.
now, we‘ve you‘ve heard about The people. And now let me walk you through
the people. And now let me walk you through The homes that they live in.
and now let me walk you through The homes that they live in. So today, strategic hfc has 4410
the homes that they live in. So today, strategic hfc has 4410 Units in operation across travis
so today, strategic hfc has 4410 Units in operation across travis County.
units in operation across travis County. Over the past year, we‘ve
county. Over the past year, we‘ve Strengthened our relationships
over the past year, we‘ve Strengthened our relationships With development partners who
strengthened our relationships With development partners who Know how to deliver quality
with development partners who Know how to deliver quality Housing for our neighbors.
know how to deliver quality Housing for our neighbors. In 2028,.
housing for our neighbors. In 2028,. [laughter]
in 2028,. [laughter] 2028, 2025, we delivered 648 new
Units across two properties.
First, the residents at ruby,
units across two properties. First, the residents at ruby, Which is a workforce project off
first, the residents at ruby, Which is a workforce project off Riverside.
which is a workforce project off Riverside. This is our first delivery under
riverside. This is our first delivery under The public workers pilot
this is our first delivery under The public workers pilot Program.
the public workers pilot Program. Through this pilot, we‘re
program. Through this pilot, we‘re Prioritizing units for public
through this pilot, we‘re Prioritizing units for public Employees who keep this
prioritizing units for public Employees who keep this Community running and providing
employees who keep this Community running and providing Additional incentives, such as
community running and providing Additional incentives, such as Waived application fees and
additional incentives, such as Waived application fees and Security deposits, layered rent
waived application fees and Security deposits, layered rent Concessions and boutique
security deposits, layered rent Concessions and boutique Referral bonuses.
concessions and boutique Referral bonuses. The second project, daffin
referral bonuses. The second project, daffin Flats, is a 4% latex project
the second project, daffin Flats, is a 4% latex project Constructed by ellington
flats, is a 4% latex project Constructed by ellington Capital.
constructed by ellington Capital. The clearest sign that our
capital. The clearest sign that our Partners are getting the
the clearest sign that our Partners are getting the Resident experience right is
partners are getting the Resident experience right is That our residents are voting
resident experience right is That our residents are voting With their renewals and their
that our residents are voting With their renewals and their Reviews.
with their renewals and their Reviews. When you tour either property,
reviews. When you tour either property, You can understand why the staff
when you tour either property, You can understand why the staff Is kind and helpful.
you can understand why the staff Is kind and helpful. The kitchens are big, the
is kind and helpful. The kitchens are big, the Storage is plentiful, and the
the kitchens are big, the Storage is plentiful, and the Layouts are designed for the
storage is plentiful, and the Layouts are designed for the Families who actually live in
layouts are designed for the Families who actually live in Them.
families who actually live in Them. Just last week, we celebrated a
them. Just last week, we celebrated a Ribbon cutting at another
just last week, we celebrated a Ribbon cutting at another Ellington property, blue ridge
ribbon cutting at another Ellington property, blue ridge Flats, a 4% latex deal bringing
ellington property, blue ridge Flats, a 4% latex deal bringing 321 new units to our portfolio.
flats, a 4% latex deal bringing 321 new units to our portfolio. I toured the property with a
Team and I was genuinely
Impressed.
team and I was genuinely Impressed. If any of you have not had the
impressed. If any of you have not had the Chance to walk an ellington
if any of you have not had the Chance to walk an ellington Affordable property, please
chance to walk an ellington Affordable property, please Consider this an invitation.
affordable property, please Consider this an invitation. We would love to show you what
consider this an invitation. We would love to show you what Quality looks like at this
we would love to show you what Quality looks like at this Scale, and as of this week, we
quality looks like at this Scale, and as of this week, we Have another 514 units under
scale, and as of this week, we Have another 514 units under Construction.
have another 514 units under Construction. With that, I‘ll turn it back to
construction. With that, I‘ll turn it back to Dianna, who will walk you
with that, I‘ll turn it back to Dianna, who will walk you Through the projects in our
dianna, who will walk you Through the projects in our Active pipeline market
through the projects in our Active pipeline market Conditions, shaping them, and
active pipeline market Conditions, shaping them, and How we oversee the portfolio we
conditions, shaping them, and How we oversee the portfolio we Have already built.
how we oversee the portfolio we Have already built. >> excellent.
have already built. >> excellent. Thank you.
So I want to spend a moment on
thank you. So I want to spend a moment on Our prospective deals in the
so I want to spend a moment on Our prospective deals in the Pipeline.
our prospective deals in the Pipeline. So these are projects that we
pipeline. So these are projects that we Are actively working on but have
so these are projects that we Are actively working on but have Not yet approved or closed.
are actively working on but have Not yet approved or closed. This touches on two items.
not yet approved or closed. This touches on two items. One, how we sort of think about
this touches on two items. One, how we sort of think about Our deal terms and then how we
one, how we sort of think about Our deal terms and then how we Ensure that we‘ve got a healthy
our deal terms and then how we Ensure that we‘ve got a healthy Pipeline.
ensure that we‘ve got a healthy Pipeline. We review and update our deal
pipeline. We review and update our deal Standards at least annually for
we review and update our deal Standards at least annually for Each deal type.
standards at least annually for Each deal type. When we set those partnership
each deal type. When we set those partnership Term terms, we‘re working really
when we set those partnership Term terms, we‘re working really Hard to strike a balance to get
term terms, we‘re working really Hard to strike a balance to get The most value for travis county
hard to strike a balance to get The most value for travis county Residents and ensure that the
the most value for travis county Residents and ensure that the Deal can still move forward,
residents and ensure that the Deal can still move forward, That it‘s financially feasible.
deal can still move forward, That it‘s financially feasible. And so we are interested in
that it‘s financially feasible. And so we are interested in Scale, but we are being very
and so we are interested in Scale, but we are being very Careful to ensure that when
scale, but we are being very Careful to ensure that when We‘re looking at a pipeline,
careful to ensure that when We‘re looking at a pipeline, We‘re really confident that the
we‘re looking at a pipeline, We‘re really confident that the Deals in that pipeline are
we‘re really confident that the Deals in that pipeline are Bringing real affordability and
deals in that pipeline are Bringing real affordability and Real quality to the county.
bringing real affordability and Real quality to the county. As you well know, the temporary
real quality to the county. As you well know, the temporary Surge of supply and rental
as you well know, the temporary Surge of supply and rental Housing has created vacancy in
surge of supply and rental Housing has created vacancy in The rental market and soft
housing has created vacancy in The rental market and soft Rents, and that has made it
the rental market and soft Rents, and that has made it Quite difficult for our partners
rents, and that has made it Quite difficult for our partners To secure debt and equity for
quite difficult for our partners To secure debt and equity for Their deals.
to secure debt and equity for Their deals. As a result, we‘ve had quite a
their deals. As a result, we‘ve had quite a Few deals stall or fall out of
as a result, we‘ve had quite a Few deals stall or fall out of Our pipeline.
few deals stall or fall out of Our pipeline. So against that backdrop, we‘re
our pipeline. So against that backdrop, we‘re Actually very pleased to have
so against that backdrop, we‘re Actually very pleased to have Six projects in the active
actually very pleased to have Six projects in the active Underwriting process.
six projects in the active Underwriting process. These projects represent a mix
underwriting process. These projects represent a mix Of tax credit and mixed income
these projects represent a mix Of tax credit and mixed income Or workforce units.
of tax credit and mixed income Or workforce units. And I will say that we when we
or workforce units. And I will say that we when we Look at this, compared to the
and I will say that we when we Look at this, compared to the Map of our existing portfolio,
look at this, compared to the Map of our existing portfolio, We do see some improvement in
map of our existing portfolio, We do see some improvement in The geographic concentration.
we do see some improvement in The geographic concentration. That is in part thanks to mixed
the geographic concentration. That is in part thanks to mixed Income properties, that which we
that is in part thanks to mixed Income properties, that which we Have a little easier time
income properties, that which we Have a little easier time Locating in other parts of town.
have a little easier time Locating in other parts of town. And then I also want to note
locating in other parts of town. And then I also want to note That a quarter of the units
and then I also want to note That a quarter of the units Represented here are at 50% or
that a quarter of the units Represented here are at 50% or Below mfi, and that‘s a big
represented here are at 50% or Below mfi, and that‘s a big Change for strategic.
below mfi, and that‘s a big Change for strategic. Our historic portfolio.
change for strategic. Our historic portfolio. When we did our first analysis
our historic portfolio. When we did our first analysis Was 95% at 60% am I.
when we did our first analysis Was 95% at 60% am I. And so should all of these
was 95% at 60% am I. And so should all of these Projects come
and so should all of these Projects come >> come to fruition.
projects come >> come to fruition. It would actually represent a
250% increase in 50% units in
it would actually represent a 250% increase in 50% units in Our portfolio.
>> that‘s fabulous.
our portfolio. >> that‘s fabulous. That‘s what we‘re hearing is
There‘s a really great need for
that‘s what we‘re hearing is There‘s a really great need for The even lower area median
there‘s a really great need for The even lower area median Income priced units.
the even lower area median Income priced units. >> and that‘s a result of our
income priced units. >> and that‘s a result of our Policy work.
We have in both our workforce
policy work. We have in both our workforce Projects and our tech deals.
we have in both our workforce Projects and our tech deals. Asked our developers to have at
projects and our tech deals. Asked our developers to have at Least 10% of those units set
asked our developers to have at Least 10% of those units set Aside at 50%.
least 10% of those units set Aside at 50%. They may do more, but we want to
aside at 50%. They may do more, but we want to Make sure that we do this both
they may do more, but we want to Make sure that we do this both To reach the affordability needs
make sure that we do this both To reach the affordability needs And, frankly, for the health of
to reach the affordability needs And, frankly, for the health of Our portfolio so that we have a
and, frankly, for the health of Our portfolio so that we have a Diversity of income levels and
our portfolio so that we have a Diversity of income levels and We‘re not so vulnerable to
diversity of income levels and We‘re not so vulnerable to Vacancy.
we‘re not so vulnerable to Vacancy. So we‘ll go to the next slide.
vacancy. So we‘ll go to the next slide. So how do we do this?
so we‘ll go to the next slide. So how do we do this? How do we invest in these
so how do we do this? How do we invest in these Projects?
how do we invest in these Projects? As an hfc, our primary tools, as
projects? As an hfc, our primary tools, as You know, are our authority to
as an hfc, our primary tools, as You know, are our authority to Issue low interest debt in the
you know, are our authority to Issue low interest debt in the Form of bonds that also unlocks
issue low interest debt in the Form of bonds that also unlocks Tax credit and equity and our
form of bonds that also unlocks Tax credit and equity and our Ability to confer a property tax
tax credit and equity and our Ability to confer a property tax Exemption.
ability to confer a property tax Exemption. When we enter a partnership.
exemption. When we enter a partnership. Those will continue to be
when we enter a partnership. Those will continue to be Critical tools, but we do want
those will continue to be Critical tools, but we do want To expand that toolkit.
critical tools, but we do want To expand that toolkit. And so we have begun directing
to expand that toolkit. And so we have begun directing Available revenue into special
and so we have begun directing Available revenue into special Board designated funds.
available revenue into special Board designated funds. And I‘d like to share the
board designated funds. And I‘d like to share the Details of a couple of funds
and I‘d like to share the Details of a couple of funds That we are now deploying that
details of a couple of funds That we are now deploying that Support both the supply of
that we are now deploying that Support both the supply of Affordable housing and good
support both the supply of Affordable housing and good Stewardship of our portfolio.
affordable housing and good Stewardship of our portfolio. So first, I‘ll speak to the
stewardship of our portfolio. So first, I‘ll speak to the Housing production fund.
so first, I‘ll speak to the Housing production fund. As a reminder, we created this
housing production fund. As a reminder, we created this As a tool to catalyze the
as a reminder, we created this As a tool to catalyze the Development of affordable
as a tool to catalyze the Development of affordable Housing.
development of affordable Housing. And the idea here is that the
housing. And the idea here is that the Fund will help us meet policy
and the idea here is that the Fund will help us meet policy Goals.
fund will help us meet policy Goals. So that may be deeper
goals. So that may be deeper Affordability.
so that may be deeper Affordability. It may be geographic diversity
affordability. It may be geographic diversity Or higher quality, or especially
it may be geographic diversity Or higher quality, or especially In difficult market conditions
or higher quality, or especially In difficult market conditions Like we now find ourselves in.
in difficult market conditions Like we now find ourselves in. It may provide us those
like we now find ourselves in. It may provide us those Additional resources that are
it may provide us those Additional resources that are Necessary to just get a deal to
additional resources that are Necessary to just get a deal to The finish line.
necessary to just get a deal to The finish line. So the balance of the fund is
the finish line. So the balance of the fund is Currently $15 million.
so the balance of the fund is Currently $15 million. And we are now beginning to
currently $15 million. And we are now beginning to Deploy it.
and we are now beginning to Deploy it. The fund is structured
deploy it. The fund is structured Effectively as a revolving loan
the fund is structured Effectively as a revolving loan Fund.
effectively as a revolving loan Fund. So in the short term we expect
fund. So in the short term we expect To use these funds to bridge
so in the short term we expect To use these funds to bridge Financing gaps for our partners.
to use these funds to bridge Financing gaps for our partners. And those gaps are being driven
financing gaps for our partners. And those gaps are being driven By higher vacancy rates and
and those gaps are being driven By higher vacancy rates and Lower rents.
by higher vacancy rates and Lower rents. We are structuring the loans as
lower rents. We are structuring the loans as A subordinate to the senior
we are structuring the loans as A subordinate to the senior Debt.
a subordinate to the senior Debt. So either construction or
debt. So either construction or Permanent lending, and they‘ll
so either construction or Permanent lending, and they‘ll Be typically be repayable
permanent lending, and they‘ll Be typically be repayable Through net cash flow.
be typically be repayable Through net cash flow. So that would happen as the
through net cash flow. So that would happen as the Market improves, as the project
so that would happen as the Market improves, as the project Stabilizes or at refinance, or
market improves, as the project Stabilizes or at refinance, or When a partner leaves and sells
stabilizes or at refinance, or When a partner leaves and sells Their interest in the property.
when a partner leaves and sells Their interest in the property. Those funds would come back to
their interest in the property. Those funds would come back to Strategic with a modest interest
those funds would come back to Strategic with a modest interest Rate because the funds are
strategic with a modest interest Rate because the funds are Limited, we are focusing these
rate because the funds are Limited, we are focusing these On deals which we think really
limited, we are focusing these On deals which we think really Produce quality and impact as
on deals which we think really Produce quality and impact as Measured by our strategic
produce quality and impact as Measured by our strategic Affordability impact measure,
measured by our strategic Affordability impact measure, Which, as you may recall,
affordability impact measure, Which, as you may recall, Balances the number of units,
which, as you may recall, Balances the number of units, The size, the location, the
balances the number of units, The size, the location, the Depth of affordability, and the
the size, the location, the Depth of affordability, and the Length of affordability.
depth of affordability, and the Length of affordability. >> diana, right now, are you
length of affordability. >> diana, right now, are you Just using this fund to support
Deals that you all are part of?
just using this fund to support Deals that you all are part of? >> correct.
deals that you all are part of? >> correct. That‘s right.
And so really, thus far, we are
that‘s right. And so really, thus far, we are Primarily looking at deals that
and so really, thus far, we are Primarily looking at deals that Were already in our pipeline but
primarily looking at deals that Were already in our pipeline but Had stalled because of the
were already in our pipeline but Had stalled because of the Changes in the market
had stalled because of the Changes in the market Conditions.
changes in the market Conditions. It is important because, as you
conditions. It is important because, as you Know, we are self-sufficient
it is important because, as you Know, we are self-sufficient Financially that we use this to
know, we are self-sufficient Financially that we use this to Generate deals, that we continue
financially that we use this to Generate deals, that we continue To see some revenue over time
generate deals, that we continue To see some revenue over time For our own stability.
to see some revenue over time For our own stability. But we can be patient and we can
for our own stability. But we can be patient and we can Provide preferential financing
but we can be patient and we can Provide preferential financing Options for partners.
provide preferential financing Options for partners. >> voted to invest.
options for partners. >> voted to invest. Contribute funding from our pot
Of money that we earn through
contribute funding from our pot Of money that we earn through Housing deals to the austin
of money that we earn through Housing deals to the austin Community foundations.
housing deals to the austin Community foundations. I forget what they‘re calling
community foundations. I forget what they‘re calling It.
Accelerator fund, accelerator
it. Accelerator fund, accelerator Fund, but it sounds similar to
accelerator fund, accelerator Fund, but it sounds similar to This fund.
fund, but it sounds similar to This fund. >> yes, it‘s similar in concept.
this fund. >> yes, it‘s similar in concept. I would say my understanding of
The accelerator fund is it tends
To be a little more on the
the accelerator fund is it tends To be a little more on the Pre-development and acquisition
to be a little more on the Pre-development and acquisition Side.
pre-development and acquisition Side. This would be a similar concept,
side. This would be a similar concept, Perhaps a little more patient
this would be a similar concept, Perhaps a little more patient Into operations, but I think we
perhaps a little more patient Into operations, but I think we Are interested in working with
into operations, but I think we Are interested in working with Entities like acf to see whether
are interested in working with Entities like acf to see whether We can leverage this over time,
entities like acf to see whether We can leverage this over time, Or even looking to some of the
we can leverage this over time, Or even looking to some of the National community development
or even looking to some of the National community development Financial institutions to see
national community development Financial institutions to see Whether we can grow impact in
financial institutions to see Whether we can grow impact in The short term.
whether we can grow impact in The short term. We are looking forward to
the short term. We are looking forward to Bringing our first loan to the
we are looking forward to Bringing our first loan to the Board in the next 30 to 60 days.
bringing our first loan to the Board in the next 30 to 60 days. >> great.
board in the next 30 to 60 days. >> great. >> we‘ve been hearing
Demographic reports lately about
Loss of population, partly
demographic reports lately about Loss of population, partly Driven by crackdowns on
loss of population, partly Driven by crackdowns on Immigration.
driven by crackdowns on Immigration. How is that factoring into
immigration. How is that factoring into Projections?
how is that factoring into Projections? I know that we don‘t seem to be
projections? I know that we don‘t seem to be Great at managing the boom and
Bust cycles.
great at managing the boom and Bust cycles. On development of new housing.
bust cycles. On development of new housing. In fact, 5000 units were
on development of new housing. In fact, 5000 units were Scheduled to come on in the
in fact, 5000 units were Scheduled to come on in the Apartment world over a two year
scheduled to come on in the Apartment world over a two year Period.
apartment world over a two year Period. I think you say 3000 new units
period. I think you say 3000 new units Came on last year, correct?
And that‘s part of what‘s
came on last year, correct? And that‘s part of what‘s Driving down the price of of
and that‘s part of what‘s Driving down the price of of Rental units, which is good for
driving down the price of of Rental units, which is good for The consumer.
rental units, which is good for The consumer. But it‘s also affecting our
the consumer. But it‘s also affecting our Affordable housing units.
but it‘s also affecting our Affordable housing units. I think you say this is caused
affordable housing units. I think you say this is caused Higher vacancies than you.
That‘s correct.
higher vacancies than you. That‘s correct. Traditionally seen.
that‘s correct. Traditionally seen. How do you see that evolving
traditionally seen. How do you see that evolving With these new demographic data
how do you see that evolving With these new demographic data Points about loss of population.
with these new demographic data Points about loss of population. >> so I don‘t know that we have
points about loss of population. >> so I don‘t know that we have A clear answer.
I will say, and I should say
a clear answer. I will say, and I should say That our portfolio overall is
Sitting at 83% vacant.
that our portfolio overall is Sitting at 83% vacant. Excuse me, occupancy right now.
sitting at 83% vacant. Excuse me, occupancy right now. And it has stabilized.
excuse me, occupancy right now. And it has stabilized. We‘ll talk a little bit more
and it has stabilized. We‘ll talk a little bit more About that in a moment.
we‘ll talk a little bit more About that in a moment. Most of the analysis that we‘re
about that in a moment. Most of the analysis that we‘re Seeing still believes the
most of the analysis that we‘re Seeing still believes the Fundamentals are strong for
seeing still believes the Fundamentals are strong for Travis county, that our
fundamentals are strong for Travis county, that our Population is growing, that we
travis county, that our Population is growing, that we Have, you know, relatively
population is growing, that we Have, you know, relatively Robust job creation, etc.
have, you know, relatively Robust job creation, etc. That said, of course, the
robust job creation, etc. That said, of course, the Fundamental of what is happening
that said, of course, the Fundamental of what is happening With immigration enforcement is
fundamental of what is happening With immigration enforcement is It‘s a population which we by
with immigration enforcement is It‘s a population which we by Definition, don‘t have great
it‘s a population which we by Definition, don‘t have great Numbers.
definition, don‘t have great Numbers. I don‘t know whether in your
numbers. I don‘t know whether in your Work and sort of asset
Management.
work and sort of asset Management. President huddleston, you‘ve,
management. President huddleston, you‘ve, You know, had any insight into
president huddleston, you‘ve, You know, had any insight into What is predicted there.
you know, had any insight into What is predicted there. >> I think to speak to where the
what is predicted there. >> I think to speak to where the Market is today, over 75% of the
Conventional rate, market rate
market is today, over 75% of the Conventional rate, market rate Apartments are competing with at
conventional rate, market rate Apartments are competing with at That 51% ami level directly with
apartments are competing with at That 51% ami level directly with Our portfolio.
that 51% ami level directly with Our portfolio. And what it looks like in the
our portfolio. And what it looks like in the Future.
and what it looks like in the Future. I do think we we need to be
future. I do think we we need to be Mindl of population growth
Because to your point, I don‘t
mindl of population growth Because to your point, I don‘t Think we are seeing the boom
because to your point, I don‘t Think we are seeing the boom That we saw in in 21 to really
think we are seeing the boom That we saw in in 21 to really Catalyze all of the development
that we saw in in 21 to really Catalyze all of the development That is ming.
catalyze all of the development That is ming. And so it‘s something that will
that is ming. And so it‘s something that will Definitely have a pulse on going
and so it‘s something that will Definitely have a pulse on going Forward.
definitely have a pulse on going Forward. It‘s something that‘s of
forward. It‘s something that‘s of Particular interest to me in
it‘s something that‘s of Particular interest to me in Getting the the.
particular interest to me in Getting the the. Vacancy down is in housing, as
getting the the. Vacancy down is in housing, as Many of our travis county
vacancy down is in housing, as Many of our travis county Neighbors as possible.
many of our travis county Neighbors as possible. So it‘s something that we‘ll
neighbors as possible. So it‘s something that we‘ll We‘ll continue to monitor.
so it‘s something that we‘ll We‘ll continue to monitor. And I think our risk rating
we‘ll continue to monitor. And I think our risk rating Platform that we will talk
and I think our risk rating Platform that we will talk About, we‘ll kind of show you
platform that we will talk About, we‘ll kind of show you How we‘re monitoring that risk
about, we‘ll kind of show you How we‘re monitoring that risk And intervening.
how we‘re monitoring that risk And intervening. >> thank you.
and intervening. >> thank you. Just just to piggyback on that a
Little, I‘m concerned that a lot
just just to piggyback on that a Little, I‘m concerned that a lot Of people that were traditional
little, I‘m concerned that a lot Of people that were traditional East austin families, as I get
of people that were traditional East austin families, as I get Older on fixed incomes, it looks
east austin families, as I get Older on fixed incomes, it looks Like 183 is yeah.
older on fixed incomes, it looks Like 183 is yeah. 183 looks like what, 35 looked
like 183 is yeah. 183 looks like what, 35 looked Like 50 years ago that we‘re
Moving people out and we‘re
like 50 years ago that we‘re Moving people out and we‘re Moving them into places where we
moving people out and we‘re Moving them into places where we Don‘t have nearly as many
moving them into places where we Don‘t have nearly as many Resources for them.
don‘t have nearly as many Resources for them. So my question really is, have
resources for them. So my question really is, have We considered or are we allowed
so my question really is, have We considered or are we allowed To look at partnerships that
we considered or are we allowed To look at partnerships that Will provide more services in
to look at partnerships that Will provide more services in Our facilities?
will provide more services in Our facilities? Is there an opportunity to
our facilities? Is there an opportunity to Partner with central health?
is there an opportunity to Partner with central health? Is there an opportunity to
partner with central health? Is there an opportunity to Partner with the dell medical
is there an opportunity to Partner with the dell medical Center so that we are so that
partner with the dell medical Center so that we are so that Through creative financing or
center so that we are so that Through creative financing or Through through academic
through creative financing or Through through academic Training processes, is able to
through through academic Training processes, is able to Provide more services,
training processes, is able to Provide more services, Partularly for our elderly
provide more services, Partularly for our elderly Population, population, and keep
partularly for our elderly Population, population, and keep Them in town rather than pushing
population, population, and keep Them in town rather than pushing Them out where maybe they can
them in town rather than pushing Them out where maybe they can Afford it better, but they don‘t
them out where maybe they can Afford it better, but they don‘t Get the services that they need.
afford it better, but they don‘t Get the services that they need. Have we have we considered any
get the services that they need. Have we have we considered any Opportunities to do that, and
have we have we considered any Opportunities to do that, and Are there any, any legal
opportunities to do that, and Are there any, any legal Prohibitions for those types of
are there any, any legal Prohibitions for those types of Partnerships to exist?
prohibitions for those types of Partnerships to exist? >> so there there are no legal
partnerships to exist? >> so there there are no legal Prohibitions for those
Partnerships.
prohibitions for those Partnerships. I‘ll I‘ll give you an example.
partnerships. I‘ll I‘ll give you an example. Typically it‘s co-location
Though, right?
typically it‘s co-location Though, right? You know, what you would have is
though, right? You know, what you would have is A property where whether it is
you know, what you would have is A property where whether it is One building or multiple
a property where whether it is One building or multiple Buildings, the activities of,
one building or multiple Buildings, the activities of, Say, a clinic are leased out to,
buildings, the activities of, Say, a clinic are leased out to, To that other entity terrorists
say, a clinic are leased out to, To that other entity terrorists At oak springs is actually an
to that other entity terrorists At oak springs is actually an Example of that.
at oak springs is actually an Example of that. The while it is sponsored by
example of that. The while it is sponsored by Integral care, at one point they
the while it is sponsored by Integral care, at one point they Talked about having community
integral care, at one point they Talked about having community Care lease that clinic, and I
talked about having community Care lease that clinic, and I Think integral care.
care lease that clinic, and I Think integral care. I believe it is integral care
think integral care. I believe it is integral care Now, but it is treated as a
Separate condo site actually.
now, but it is treated as a Separate condo site actually. So I think we‘re very interested
separate condo site actually. So I think we‘re very interested In that.
so I think we‘re very interested In that. Obviously, we work with
in that. Obviously, we work with Development partners.
obviously, we work with Development partners. And so, you know, it will
development partners. And so, you know, it will Require some careful matching of
and so, you know, it will Require some careful matching of Partners to identify that, you
require some careful matching of Partners to identify that, you Know, we know, for example, that
partners to identify that, you Know, we know, for example, that There‘s a shortage of ems
know, we know, for example, that There‘s a shortage of ems Stations in manner and other
there‘s a shortage of ems Stations in manner and other Parts of the county.
stations in manner and other Parts of the county. And so I think that‘s something
parts of the county. And so I think that‘s something We‘d love to look at over time
and so I think that‘s something We‘d love to look at over time And really think about how we,
we‘d love to look at over time And really think about how we, As a public financing entity can
and really think about how we, As a public financing entity can Catalyze that given our current
as a public financing entity can Catalyze that given our current Tools or whether we might need
catalyze that given our current Tools or whether we might need To be thinking about, you know,
tools or whether we might need To be thinking about, you know, Do we look at us securing the
to be thinking about, you know, Do we look at us securing the Property first and then having
do we look at us securing the Property first and then having An rfp that says, these are the
property first and then having An rfp that says, these are the Kinds of uses we really want to
an rfp that says, these are the Kinds of uses we really want to See here.
kinds of uses we really want to See here. So we have a little more
see here. So we have a little more Influence over.
so we have a little more Influence over. >> what I‘d like to convene a
influence over. >> what I‘d like to convene a Community conversation about
That topic to work with our
community conversation about That topic to work with our Churches, because a lot of them
that topic to work with our Churches, because a lot of them Have sick and shut in.
churches, because a lot of them Have sick and shut in. And what that means is you‘re
have sick and shut in. And what that means is you‘re Too ill to come to church every
and what that means is you‘re Too ill to come to church every Weekend.
too ill to come to church every Weekend. So how do we look at the
weekend. So how do we look at the Institutions and community that
so how do we look at the Institutions and community that That kind of document, who needs
institutions and community that That kind of document, who needs Help and where they are and see
that kind of document, who needs Help and where they are and see Whether there is a a way to
help and where they are and see Whether there is a a way to Build a system to address with
whether there is a a way to Build a system to address with To address those types of
build a system to address with To address those types of Populations.
to address those types of Populations. So I‘d like to work directly.
populations. So I‘d like to work directly. We‘d like to work directly with
so I‘d like to work directly. We‘d like to work directly with You to have that conversation.
we‘d like to work directly with You to have that conversation. >> excellent.
you to have that conversation. >> excellent. Thank you sir.
All right.
thank you sir. All right. I will quickly talk about our
all right. I will quickly talk about our Second board designated fund,
Which is our portfolio fund.
second board designated fund, Which is our portfolio fund. This we created late last year,
which is our portfolio fund. This we created late last year, The portfolio fund currently has
this we created late last year, The portfolio fund currently has A balance of $4.1 million, and
the portfolio fund currently has A balance of $4.1 million, and That is based on our initial
a balance of $4.1 million, and That is based on our initial Target of having $1,000 in this
that is based on our initial Target of having $1,000 in this Fund for every property in our
target of having $1,000 in this Fund for every property in our Operating portfolio.
fund for every property in our Operating portfolio. The idea here is that the fund
operating portfolio. The idea here is that the fund Allows us to plan for capital
the idea here is that the fund Allows us to plan for capital Needs and also to manage the
allows us to plan for capital Needs and also to manage the Risks that are inherent in any
needs and also to manage the Risks that are inherent in any Large portfolio.
risks that are inherent in any Large portfolio. The fund is flexible, but we
large portfolio. The fund is flexible, but we Want to share with you three
the fund is flexible, but we Want to share with you three Uses that we have conceptualized
want to share with you three Uses that we have conceptualized As likely for the resource.
uses that we have conceptualized As likely for the resource. First of all, as tax credit
as likely for the resource. First of all, as tax credit Deals approach their 15 year
first of all, as tax credit Deals approach their 15 year Compliance period, very often
deals approach their 15 year Compliance period, very often The partnerships either give the
compliance period, very often The partnerships either give the Housing finance corporation the
the partnerships either give the Housing finance corporation the Option or sometimes even require
housing finance corporation the Option or sometimes even require Us to buy out the interest of
option or sometimes even require Us to buy out the interest of The investor limited partner.
us to buy out the interest of The investor limited partner. It is.
the investor limited partner. It is. I will just to give you an
it is. I will just to give you an Example, in a couple of
Transactions we‘ve had, this has
example, in a couple of Transactions we‘ve had, this has Been between 750,000 to 1
transactions we‘ve had, this has Been between 750,000 to 1 Million, $1.25 million.
been between 750,000 to 1 Million, $1.25 million. It does increase our level of
million, $1.25 million. It does increase our level of Influence in the partnership as
it does increase our level of Influence in the partnership as Well as the financial impact for
influence in the partnership as Well as the financial impact for Us.
well as the financial impact for Us. And so we want to be able to do
us. And so we want to be able to do That.
and so we want to be able to do That. But we need to plan for it so
that. But we need to plan for it so That it is not a surprise and
but we need to plan for it so That it is not a surprise and Doesn‘t affect our ongoing
that it is not a surprise and Doesn‘t affect our ongoing Operations.
doesn‘t affect our ongoing Operations. Through this fund, we‘ve been
operations. Through this fund, we‘ve been Able to start planning for
through this fund, we‘ve been Able to start planning for Those.
able to start planning for Those. Second, while the cost of major
those. Second, while the cost of major Repairs or renovation will
second, while the cost of major Repairs or renovation will Typically be financed through
repairs or renovation will Typically be financed through The partnerships and their own
typically be financed through The partnerships and their own Their own sources of financing,
the partnerships and their own Their own sources of financing, We do want to have capital on
their own sources of financing, We do want to have capital on Hand to meet any urgent needs or
we do want to have capital on Hand to meet any urgent needs or Emergencies that arise on our
hand to meet any urgent needs or Emergencies that arise on our Properties, and so this is
emergencies that arise on our Properties, and so this is Particularly important as our
properties, and so this is Particularly important as our Portfolio ages a bit.
particularly important as our Portfolio ages a bit. The graph tells you that about a
portfolio ages a bit. The graph tells you that about a Third of our portfolio is now
the graph tells you that about a Third of our portfolio is now Over ten years old, still a
third of our portfolio is now Over ten years old, still a Relatively young portfolio, but
over ten years old, still a Relatively young portfolio, but They are not all new properties
relatively young portfolio, but They are not all new properties Anymore.
they are not all new properties Anymore. And then finally, as we have
anymore. And then finally, as we have Given close attention to the
and then finally, as we have Given close attention to the Existing portfolio, we have
given close attention to the Existing portfolio, we have Identified some legacy issues
existing portfolio, we have Identified some legacy issues That are resulting in
identified some legacy issues That are resulting in Non-routine legal costs where we
that are resulting in Non-routine legal costs where we Really need to work on righting
non-routine legal costs where we Really need to work on righting The ship on a partnership or
really need to work on righting The ship on a partnership or Two.
the ship on a partnership or Two. And so this fund will help us
two. And so this fund will help us Manage those risks without
and so this fund will help us Manage those risks without Impacting our ongoing
manage those risks without Impacting our ongoing Operations, operational health.
impacting our ongoing Operations, operational health. Cost.
operations, operational health. Cost. All right.
cost. All right. So this brings us then to how
all right. So this brings us then to how We‘re overseeing the operating
so this brings us then to how We‘re overseeing the operating Portfolio day to day.
we‘re overseeing the operating Portfolio day to day. Last year, we briefed the court
portfolio day to day. Last year, we briefed the court On a newly created risk rating
last year, we briefed the court On a newly created risk rating Framework.
on a newly created risk rating Framework. And I want to update you on
framework. And I want to update you on That.
and I want to update you on That. But also note that this is not
that. But also note that this is not Just a tool, but that we do have
but also note that this is not Just a tool, but that we do have A team on this.
just a tool, but that we do have A team on this. We have two full time employees
a team on this. We have two full time employees That are dedicated to monitoring
we have two full time employees That are dedicated to monitoring The portfolio, both in terms of
that are dedicated to monitoring The portfolio, both in terms of Its ongoing health as well as
the portfolio, both in terms of Its ongoing health as well as Compliance with the various
its ongoing health as well as Compliance with the various Regulations that we operate
compliance with the various Regulations that we operate Within.
regulations that we operate Within. So we now have a full cycle of
within. So we now have a full cycle of Data collection under our belts
so we now have a full cycle of Data collection under our belts For our risk rating analysis.
data collection under our belts For our risk rating analysis. Every quarter, we evaluate each
for our risk rating analysis. Every quarter, we evaluate each Property in the portfolio
every quarter, we evaluate each Property in the portfolio Against five categories physical
property in the portfolio Against five categories physical Condition, financial
against five categories physical Condition, financial Performance, occupancy,
condition, financial Performance, occupancy, Partnership and compliance, and
performance, occupancy, Partnership and compliance, and Tenant experience.
partnership and compliance, and Tenant experience. These in turn are based on about
tenant experience. These in turn are based on about 17 sub indicators that feed into
these in turn are based on about 17 sub indicators that feed into Those, and we generate a score
Of 1 to 5 for each of our
those, and we generate a score Of 1 to 5 for each of our Categories.
of 1 to 5 for each of our Categories. Based on that, our portfolio
categories. Based on that, our portfolio Portfolio manager classifies
based on that, our portfolio Portfolio manager classifies Every property in our portfolio.
portfolio manager classifies Every property in our portfolio. And basically there are three
every property in our portfolio. And basically there are three Categories.
and basically there are three Categories. One is routine monitoring.
categories. One is routine monitoring. Everything is moving along as
one is routine monitoring. Everything is moving along as Expected.
everything is moving along as Expected. Second is watch list and the
expected. Second is watch list and the Third is high priority or
second is watch list and the Third is high priority or Immediate action.
third is high priority or Immediate action. This helps us spot trends early
immediate action. This helps us spot trends early And allows us to work with our
this helps us spot trends early And allows us to work with our Partners to course correct
and allows us to work with our Partners to course correct Before a small issue becomes a
partners to course correct Before a small issue becomes a Crisis for the property or for
before a small issue becomes a Crisis for the property or for Residents.
crisis for the property or for Residents. So the average risk rating on
residents. So the average risk rating on Our properties at the end of
so the average risk rating on Our properties at the end of Last year was 2.3.
our properties at the end of Last year was 2.3. Telling us that, generally
last year was 2.3. Telling us that, generally Speaking, the portfolio had a
telling us that, generally Speaking, the portfolio had a Moderate risk.
speaking, the portfolio had a Moderate risk. Given this average, we did
moderate risk. Given this average, we did Actually see more properties
given this average, we did Actually see more properties Than we might otherwise
actually see more properties Than we might otherwise Anticipate on our watch list or
than we might otherwise Anticipate on our watch list or Our high priority.
anticipate on our watch list or Our high priority. And that was driven,
our high priority. And that was driven, Unsurprisingly, by occupancy
and that was driven, Unsurprisingly, by occupancy Issues really across the
unsurprisingly, by occupancy Issues really across the Portfolio.
issues really across the Portfolio. So the the occupancy numbers
portfolio. So the the occupancy numbers That we‘re seeing in our
so the the occupancy numbers That we‘re seeing in our Portfolio are unusual.
that we‘re seeing in our Portfolio are unusual. Of course, I will just tell you
portfolio are unusual. Of course, I will just tell you That even when I came on board
of course, I will just tell you That even when I came on board In january of 24 and the market
that even when I came on board In january of 24 and the market Had begun to soften a little bit
in january of 24 and the market Had begun to soften a little bit At that point, I think we were
had begun to soften a little bit At that point, I think we were At 93% or so.
at that point, I think we were At 93% or so. So we weigh occupancy fairly
at 93% or so. So we weigh occupancy fairly Heavily in this tool.
so we weigh occupancy fairly Heavily in this tool. And that means a lot of
heavily in this tool. And that means a lot of Properties are rising to this
and that means a lot of Properties are rising to this Watch list level.
properties are rising to this Watch list level. But behind that occupancy issue,
watch list level. But behind that occupancy issue, We do see some of our properties
but behind that occupancy issue, We do see some of our properties Beginning to struggle with aged
we do see some of our properties Beginning to struggle with aged Receivables.
beginning to struggle with aged Receivables. We are seeing a bit less of
receivables. We are seeing a bit less of Eviction, but more tenants who
we are seeing a bit less of Eviction, but more tenants who May be carrying balances.
eviction, but more tenants who May be carrying balances. And that‘s a can be a canary in
may be carrying balances. And that‘s a can be a canary in The coal mine, if you will.
and that‘s a can be a canary in The coal mine, if you will. We are seeing some staffing
the coal mine, if you will. We are seeing some staffing Challenges, and in 1 or 2 cases,
we are seeing some staffing Challenges, and in 1 or 2 cases, Seeing higher than average
challenges, and in 1 or 2 cases, Seeing higher than average Eviction rates.
seeing higher than average Eviction rates. So what then is going?
eviction rates. So what then is going? Well, we will say that our
so what then is going? Well, we will say that our Operating expenses per unit
well, we will say that our Operating expenses per unit Across the portfolio are within
operating expenses per unit Across the portfolio are within Our anticipated range.
across the portfolio are within Our anticipated range. And we‘re pleased to learn that
our anticipated range. And we‘re pleased to learn that Our tenant turnover actually
and we‘re pleased to learn that Our tenant turnover actually Fell from 6% at the end of 20 or
our tenant turnover actually Fell from 6% at the end of 20 or Excuse me, in the early part of
fell from 6% at the end of 20 or Excuse me, in the early part of 2025 to 2% by year end.
excuse me, in the early part of 2025 to 2% by year end. So we have vacancy issues, but
The population that is on site
so we have vacancy issues, but The population that is on site Is actually relatively stable.
the population that is on site Is actually relatively stable. We believe that the occupancy
is actually relatively stable. We believe that the occupancy Decline has has stopped.
we believe that the occupancy Decline has has stopped. Also, while I said that we
decline has has stopped. Also, while I said that we Started, you know, at 94% or so
also, while I said that we Started, you know, at 94% or so At the beginning of 2024, every
started, you know, at 94% or so At the beginning of 2024, every Single month in 2024, we saw
at the beginning of 2024, every Single month in 2024, we saw Occupancy drop last year.
single month in 2024, we saw Occupancy drop last year. And through the beginning of
occupancy drop last year. And through the beginning of This year, we have been almost
and through the beginning of This year, we have been almost Even month over month.
this year, we have been almost Even month over month. So we are hoping then that the
even month over month. So we are hoping then that the Market is finding its floor.
so we are hoping then that the Market is finding its floor. So how do we respond when a
market is finding its floor. So how do we respond when a Property score moves it into 2
so how do we respond when a Property score moves it into 2 Or 3, our watch list or our high
property score moves it into 2 Or 3, our watch list or our high Priority categories?
or 3, our watch list or our high Priority categories? The goal is really that we
priority categories? The goal is really that we Transition the property back
the goal is really that we Transition the property back Into routine monitoring through
transition the property back Into routine monitoring through A proactive plan to cure
into routine monitoring through A proactive plan to cure Whatever is going on.
a proactive plan to cure Whatever is going on. First of all, we prioritize any
whatever is going on. First of all, we prioritize any Action, that action on anything
first of all, we prioritize any Action, that action on anything That compromises health or
action, that action on anything That compromises health or Safety.
that compromises health or Safety. So if we see something that puts
safety. So if we see something that puts Residents at risk, life safety
so if we see something that puts Residents at risk, life safety System that‘s out of compliance
residents at risk, life safety System that‘s out of compliance Or a pattern of unaddressed
system that‘s out of compliance Or a pattern of unaddressed Maintenance, our staff engage
or a pattern of unaddressed Maintenance, our staff engage With that property directly,
maintenance, our staff engage With that property directly, Immediately and work on it and
with that property directly, Immediately and work on it and Escalate as needed until it‘s
immediately and work on it and Escalate as needed until it‘s Fixed.
escalate as needed until it‘s Fixed. But we also work with property
fixed. But we also work with property Management, just depending on
but we also work with property Management, just depending on What is going on at the
management, just depending on What is going on at the Property.
what is going on at the Property. So for example, when a property
property. So for example, when a property Is struggling with occupancy,
so for example, when a property Is struggling with occupancy, Staff work with the management
is struggling with occupancy, Staff work with the management Company, looking at their
staff work with the management Company, looking at their Leasing process from start to
company, looking at their Leasing process from start to Finish to see whether there are
leasing process from start to Finish to see whether there are Opportunities to improve it, we
finish to see whether there are Opportunities to improve it, we Even, for example, work to
opportunities to improve it, we Even, for example, work to Partner them with nonprofits who
even, for example, work to Partner them with nonprofits who May be placing people into
partner them with nonprofits who May be placing people into Housing, frequent site visits
may be placing people into Housing, frequent site visits Keep us ahead of code
housing, frequent site visits Keep us ahead of code Violations.
keep us ahead of code Violations. We look at the collection
violations. We look at the collection Process and staff walks units to
we look at the collection Process and staff walks units to Confirm occupancy, or to look at
process and staff walks units to Confirm occupancy, or to look at The outcome of evictions.
confirm occupancy, or to look at The outcome of evictions. So these specific interventions
the outcome of evictions. So these specific interventions Are really built on a foundation
so these specific interventions Are really built on a foundation Of ongoing relationship building
are really built on a foundation Of ongoing relationship building At the property level, with
of ongoing relationship building At the property level, with Staff providing technical
at the property level, with Staff providing technical Assistance and supporting the
staff providing technical Assistance and supporting the Operating partner.
assistance and supporting the Operating partner. That is the work in the
operating partner. That is the work in the Background that really delivers
that is the work in the Background that really delivers The results over time.
background that really delivers The results over time. >> so looking forward, so as we
the results over time. >> so looking forward, so as we Close, I wanted to tell you
Where this organization is
close, I wanted to tell you Where this organization is Headed and why we believe the
where this organization is Headed and why we believe the Foundation we built positions us
headed and why we believe the Foundation we built positions us To deliver more for travis
foundation we built positions us To deliver more for travis County in the year ahead.
to deliver more for travis County in the year ahead. Next slide.
county in the year ahead. Next slide. Thank you.
next slide. Thank you. Diana‘s quote captures how we
thank you. Diana‘s quote captures how we Are thinking about this year.
diana‘s quote captures how we Are thinking about this year. The groundwork we lay will shape
are thinking about this year. The groundwork we lay will shape Affordable housing in this
the groundwork we lay will shape Affordable housing in this County for years to come.
affordable housing in this County for years to come. That lens guides every decision
county for years to come. That lens guides every decision We are making in 2026, and sits
that lens guides every decision We are making in 2026, and sits Behind two clear priorities.
we are making in 2026, and sits Behind two clear priorities. The first is raising the bar for
behind two clear priorities. The first is raising the bar for Travis county.
the first is raising the bar for Travis county. That means leveraging the t‘s of
travis county. That means leveraging the t‘s of Our new tenant affairs
that means leveraging the t‘s of Our new tenant affairs Committee, continuing to convene
our new tenant affairs Committee, continuing to convene Peers around the housing finance
committee, continuing to convene Peers around the housing finance Roundtable, embedding tenant
peers around the housing finance Roundtable, embedding tenant Protections directly into our
roundtable, embedding tenant Protections directly into our Deal terms, and advancing the
protections directly into our Deal terms, and advancing the Policy work we do alongside
deal terms, and advancing the Policy work we do alongside Advocates, academics, and our
policy work we do alongside Advocates, academics, and our Public partners across the
advocates, academics, and our Public partners across the County.
public partners across the County. We intend to set the standard,
county. We intend to set the standard, Not wait for it.
we intend to set the standard, Not wait for it. The second is continuing to
not wait for it. The second is continuing to Build the innovative tools and
the second is continuing to Build the innovative tools and Partnerships that got us here.
build the innovative tools and Partnerships that got us here. In practical terms, that means
partnerships that got us here. In practical terms, that means Deploying our initial housing
in practical terms, that means Deploying our initial housing Production fund into the right
deploying our initial housing Production fund into the right Projects with the right
production fund into the right Projects with the right Partners, and continuing to
projects with the right Partners, and continuing to Explore ways to build on the
partners, and continuing to Explore ways to build on the Public worker pilot program so
explore ways to build on the Public worker pilot program so That the people who serve this
public worker pilot program so That the people who serve this Community can afford to live in
that the people who serve this Community can afford to live in It.
community can afford to live in It. We‘re not just weathering a soft
it. We‘re not just weathering a soft Market.
we‘re not just weathering a soft Market. We‘re continuing.
market. We‘re continuing. We‘re using it to continue
we‘re continuing. We‘re using it to continue Sharpening our tools, attract
we‘re using it to continue Sharpening our tools, attract Mission aligned partners who
sharpening our tools, attract Mission aligned partners who Genuinely care about the people
mission aligned partners who Genuinely care about the people Who call their buildings home,
genuinely care about the people Who call their buildings home, And set a higher standard for
who call their buildings home, And set a higher standard for What a public entity can do for
and set a higher standard for What a public entity can do for Travis county.
what a public entity can do for Travis county. We‘re grateful for this court.
travis county. We‘re grateful for this court. It‘s partnership, and we are
we‘re grateful for this court. It‘s partnership, and we are Proud of what we‘re building
it‘s partnership, and we are Proud of what we‘re building Together.
proud of what we‘re building Together. October 20th is our next chance
together. October 20th is our next chance To come and show you, and we
october 20th is our next chance To come and show you, and we Intend to make it count.
to come and show you, and we Intend to make it count. Now, diana will close us out.
intend to make it count. Now, diana will close us out. >> again.
now, diana will close us out. >> again. Thank you so much for having us
Here today.
thank you so much for having us Here today. I failed to mention that we have
here today. I failed to mention that we have Provided our 2025 annual report.
Today is your day for high, you
provided our 2025 annual report. Today is your day for high, you Know, well produced reports.
today is your day for high, you Know, well produced reports. I see.
know, well produced reports. I see. So we are here with board and
Staff to answer any questions.
so we are here with board and Staff to answer any questions. You have.
staff to answer any questions. You have. >> any questions?
you have. >> any questions? >> court just a quick one.
Congrats on the 4410 units.
You know this continues to be
congrats on the 4410 units. You know this continues to be Kind of a drumbeat that we need
you know this continues to be Kind of a drumbeat that we need More affordable housing.
kind of a drumbeat that we need More affordable housing. We‘ve been trying to put
more affordable housing. We‘ve been trying to put Together a tally, both including
we‘ve been trying to put Together a tally, both including Our, our, our travis county hfc
together a tally, both including Our, our, our travis county hfc And the units we‘ve produced,
our, our, our travis county hfc And the units we‘ve produced, And then figuring out what the
and the units we‘ve produced, And then figuring out what the Right numbers are for both hats
and then figuring out what the Right numbers are for both hats And shc.
right numbers are for both hats And shc. Would it be correct to probably
and shc. Would it be correct to probably Subtract some of the vouchers
would it be correct to probably Subtract some of the vouchers From that total number?
subtract some of the vouchers From that total number? We heard from hansi that they
from that total number? We heard from hansi that they Have 691 vouchers and maybe a
we heard from hansi that they Have 691 vouchers and maybe a Total of 740 vouchers.
have 691 vouchers and maybe a Total of 740 vouchers. Is it likely that many of those
total of 740 vouchers. Is it likely that many of those Vouchers are being used in your
is it likely that many of those Vouchers are being used in your Units?
vouchers are being used in your Units? So so they shouldn‘t be added
units? So so they shouldn‘t be added Together.
so so they shouldn‘t be added Together. We should.
together. We should. >> I think that‘s a great point.
we should. >> I think that‘s a great point. So I will tell you that 1 in 5
Of our tenants uses a voucher
so I will tell you that 1 in 5 Of our tenants uses a voucher That could be a hatzi voucher,
of our tenants uses a voucher That could be a hatzi voucher, Or it could be a voucher or
that could be a hatzi voucher, Or it could be a voucher or Sometimes other continuum of
or it could be a voucher or Sometimes other continuum of Care.
sometimes other continuum of Care. So I think there is potential
care. So I think there is potential For duplication there.
so I think there is potential For duplication there. I think we‘d want to talk about
for duplication there. I think we‘d want to talk about Or maybe even we just maybe
Don‘t count it as a unit, but we
or maybe even we just maybe Don‘t count it as a unit, but we Understand that we have a pool
don‘t count it as a unit, but we Understand that we have a pool Of vouchers.
understand that we have a pool Of vouchers. We have a pool of affordable
of vouchers. We have a pool of affordable Units, and then kind of
we have a pool of affordable Units, and then kind of Understanding how much they
units, and then kind of Understanding how much they Might overlap.
understanding how much they Might overlap. I, I, I would hesitate to tell
might overlap. I, I, I would hesitate to tell You what the number would be to
Subtract just to be safe.
you what the number would be to Subtract just to be safe. >> that we probably shouldn‘t
subtract just to be safe. >> that we probably shouldn‘t Add the number of vouchers.
It‘s a payment for the unit.
add the number of vouchers. It‘s a payment for the unit. Yeah.
it‘s a payment for the unit. Yeah. But what we‘re trying to get to
yeah. But what we‘re trying to get to Is what, what‘s a reasonable
but what we‘re trying to get to Is what, what‘s a reasonable Number of affordable units that
is what, what‘s a reasonable Number of affordable units that We are collectively creating.
number of affordable units that We are collectively creating. Okay.
we are collectively creating. Okay. Thank you.
okay. Thank you. But but great work.
thank you. But but great work. I‘m really impressed with, with
but but great work. I‘m really impressed with, with All the work that you‘ve done,
Especially the work you‘ve done
all the work that you‘ve done, Especially the work you‘ve done With the rosemont residents.
especially the work you‘ve done With the rosemont residents. >> thank you.
with the rosemont residents. >> thank you. >> other questions?
No.
>> I just wanted tohank julio
no. >> I just wanted tohank julio For your vision, your
Dedication, all the words you
for your vision, your Dedication, all the words you You hit us like a storm of
dedication, all the words you You hit us like a storm of Expectation.
you hit us like a storm of Expectation. And you have delivered for your
expectation. And you have delivered for your Community.
and you have delivered for your Community. And I just want to recognize
community. And I just want to recognize That.
and I just want to recognize That. And thank you for your volunteer
that. And thank you for your volunteer Leadership.
and thank you for your volunteer Leadership. >> here.
leadership. >> here. Here.
Yeah.
here. Yeah. Thank you.
yeah. Thank you. And thank you all.
thank you. And thank you all. >> ann howard.
and thank you all. >> ann howard. As you may know, this is my
Penultimate meeting.
as you may know, this is my Penultimate meeting. Earlier this.
penultimate meeting. Earlier this. Morning.
earlier this. Morning. As I was driving my with you
morning. As I was driving my with you All, with you all, unless
as I was driving my with you All, with you all, unless Something bad.
all, with you all, unless Something bad. [laughter]
something bad. [laughter] Happens which will not.
As I was driving my soon to be
happens which will not. As I was driving my soon to be Eight year old to school, I said
as I was driving my soon to be Eight year old to school, I said Early today is my penultimate
eight year old to school, I said Early today is my penultimate Meeting, which means the next to
early today is my penultimate Meeting, which means the next to Last one.
meeting, which means the next to Last one. That‘s your.
last one. That‘s your. [laughter]
that‘s your. [laughter] Word of the day for this.
For this thing that I do, which
word of the day for this. For this thing that I do, which We‘ve talked about many times.
for this thing that I do, which We‘ve talked about many times. You know, I, I help our elected
we‘ve talked about many times. You know, I, I help our elected Officials build housing for
you know, I, I help our elected Officials build housing for People that need it.
officials build housing for People that need it. And his question, which was the
people that need it. And his question, which was the First time he‘s ever asked is
and his question, which was the First time he‘s ever asked is Like, why do you do it?
first time he‘s ever asked is Like, why do you do it? And I said, well, because I care
like, why do you do it? And I said, well, because I care A lot about our neighbors.
and I said, well, because I care A lot about our neighbors. And I really appreciate that
a lot about our neighbors. And I really appreciate that Here in my final year of
and I really appreciate that Here in my final year of Serving, you, hopefully with
here in my final year of Serving, you, hopefully with Fidelity, a word that
serving, you, hopefully with Fidelity, a word that Commissioner shea asked us when
fidelity, a word that Commissioner shea asked us when You interviewed us, that you are
commissioner shea asked us when You interviewed us, that you are Happy with the results.
you interviewed us, that you are Happy with the results. And I would say to you, I really
happy with the results. And I would say to you, I really Appreciate the patience that
and I would say to you, I really Appreciate the patience that You‘ve given us in the space
appreciate the patience that You‘ve given us in the space You‘ve given us to do the right
you‘ve given us in the space You‘ve given us to do the right Thing.
you‘ve given us to do the right Thing. I think we‘ve built you a
thing. I think we‘ve built you a Platform to keep doing great
Things.
platform to keep doing great Things. I think that when I look at
things. I think that when I look at People like president huddleston
And director groves, and of
people like president huddleston And director groves, and of Course, our wonderful executive
and director groves, and of Course, our wonderful executive Director, I‘m very optimistic
course, our wonderful executive Director, I‘m very optimistic About what you will be able to
director, I‘m very optimistic About what you will be able to Do together, regardless of, you
about what you will be able to Do together, regardless of, you Know, 1 or 1 board member or one
do together, regardless of, you Know, 1 or 1 board member or one Staff member.
know, 1 or 1 board member or one Staff member. There‘s a engine of excellence
staff member. There‘s a engine of excellence That has been created, and I
there‘s a engine of excellence That has been created, and I Hope that you and whomever in
that has been created, and I Hope that you and whomever in The future follows you, will
hope that you and whomever in The future follows you, will Take it to the heights it can
the future follows you, will Take it to the heights it can Achieve.
take it to the heights it can Achieve. Because even when the momentary
achieve. Because even when the momentary Conditions say things are good,
because even when the momentary Conditions say things are good, If you are not vigilant, if
conditions say things are good, If you are not vigilant, if You‘re not adjust to the market,
if you are not vigilant, if You‘re not adjust to the market, If you‘re not, take care of your
you‘re not adjust to the market, If you‘re not, take care of your Assets.
if you‘re not, take care of your Assets. If you do not wake up every day
assets. If you do not wake up every day Trying to serve your neighbors,
if you do not wake up every day Trying to serve your neighbors, It‘s very easy for things to
trying to serve your neighbors, It‘s very easy for things to Fall into disrepair.
it‘s very easy for things to Fall into disrepair. So I will just say thank you.
fall into disrepair. So I will just say thank you. This has been a great
so I will just say thank you. This has been a great Opportunity to serve my
this has been a great Opportunity to serve my Community.
opportunity to serve my Community. I‘ve appreciated the engagement
community. I‘ve appreciated the engagement You have afforded me and the
Trust that you‘ve given this
you have afforded me and the Trust that you‘ve given this Public enterprise that belongs
trust that you‘ve given this Public enterprise that belongs To the public and that you
public enterprise that belongs To the public and that you Ultimately helped lead and
to the public and that you Ultimately helped lead and Shape.
ultimately helped lead and Shape. Thank you for those kind
shape. Thank you for those kind Remarks.
thank you for those kind Remarks. >> thank you.
remarks. >> thank you. >> yeah.
Thank you for your.
>> service.
thank you for your. >> service. >> all of you.
>> all right.
Thanks so much.
>> thank you, thank you.
thanks so much. >> thank you, thank you. >> from the peanut gallery over.
>> there.
>> the next item is receive an
Update on the status of the home
Investment partnership program.
update on the status of the home Investment partnership program. >> and I just have to say, for
investment partnership program. >> and I just have to say, for The record, I think this is a
Fabulous summary, this work
the record, I think this is a Fabulous summary, this work Session of all of the incredible
fabulous summary, this work Session of all of the incredible Social services and supports and
session of all of the incredible Social services and supports and Assistance that we‘re providing
social services and supports and Assistance that we‘re providing To the community, both on health
assistance that we‘re providing To the community, both on health Care and on housing, which are
to the community, both on health Care and on housing, which are Really two enormous needs in the
care and on housing, which are Really two enormous needs in the Community.
really two enormous needs in the Community. >> good afternoon everyone.
community. >> good afternoon everyone. >> afternoon.
>> I know it‘s been a long day,
So we will do our very best to
Keep to our time.
so we will do our very best to Keep to our time. About 30 minutes.
keep to our time. About 30 minutes. I‘m monique cole.
about 30 minutes. I‘m monique cole. Yeah.
[laughter]
yeah. [laughter] Please stretch.
You need to stand up.
please stretch. You need to stand up. >> that‘s a good idea.
you need to stand up. >> that‘s a good idea. >> you need to stand up for a
Moment.
I‘m monique coleman, the
moment. I‘m monique coleman, the Supportive housing division
Director in hhs.
supportive housing division Director in hhs. And it‘s my pleasure to present
director in hhs. And it‘s my pleasure to present The home investment partnership
and it‘s my pleasure to present The home investment partnership Program that we are working to
the home investment partnership Program that we are working to Launch for travis county.
program that we are working to Launch for travis county. It is a new hud funding source
launch for travis county. It is a new hud funding source For the county.
it is a new hud funding source For the county. I‘m excited to have with us
for the county. I‘m excited to have with us Today representatives from
Framework cdc, joyce mcdonald
today representatives from Framework cdc, joyce mcdonald And patricia barrera.
framework cdc, joyce mcdonald And patricia barrera. And I‘m also thrilled that we
and patricia barrera. And I‘m also thrilled that we Have with us, brenda, from the
and I‘m also thrilled that we Have with us, brenda, from the Hats program.
have with us, brenda, from the Hats program. She is the resident services
hats program. She is the resident services Director for the family
she is the resident services Director for the family Self-sufficiency program.
director for the family Self-sufficiency program. And then, of course, to my left
self-sufficiency program. And then, of course, to my left Is jane don.
and then, of course, to my left Is jane don. She is our cdbg planning
is jane don. She is our cdbg planning Manager.
she is our cdbg planning Manager. So we will kick off our
manager. So we will kick off our Presentation at this time.
so we will kick off our Presentation at this time. >> thank you.
presentation at this time. >> thank you. Monique.
Good afternoon commissioner.
monique. Good afternoon commissioner. >> might pull the microphone a
good afternoon commissioner. >> might pull the microphone a Little closer.
We can‘t hear you.
little closer. We can‘t hear you. >> is this.
we can‘t hear you. >> is this. [laughter]
Better?
Okay.
better? Okay. All right.
okay. All right. So I will briefly walk through
all right. So I will briefly walk through The program background.
so I will briefly walk through The program background. The home investment partnership
the program background. The home investment partnership Program, or home, is the federal
the home investment partnership Program, or home, is the federal Program that helps support
program, or home, is the federal Program that helps support Affordable housing through the
program that helps support Affordable housing through the Public private partnership.
affordable housing through the Public private partnership. As a background, cdbg travis
public private partnership. As a background, cdbg travis County became the cdbg
as a background, cdbg travis County became the cdbg Entitlement urban county in
county became the cdbg Entitlement urban county in 2006, and we became the home
entitlement urban county in 2006, and we became the home Participating jurisdictional pj
In 2024.
participating jurisdictional pj In 2024. As we specified in our program
in 2024. As we specified in our program Year 2024 to 2028 consolidated
as we specified in our program Year 2024 to 2028 consolidated Plan that the home priorities
year 2024 to 2028 consolidated Plan that the home priorities Focus on two priorities the home
plan that the home priorities Focus on two priorities the home Ownership assistance through the
focus on two priorities the home Ownership assistance through the Down payment assistance program
ownership assistance through the Down payment assistance program And the affordable housing
down payment assistance program And the affordable housing Through the affordable single
and the affordable housing Through the affordable single Family housing development.
through the affordable single Family housing development. This table shows the funding
family housing development. This table shows the funding Allocation breakdown.
this table shows the funding Allocation breakdown. Have the allocation amount from
allocation breakdown. Have the allocation amount from Program year 2024 to 2026.
have the allocation amount from Program year 2024 to 2026. We have 10% admin set aside,
program year 2024 to 2026. We have 10% admin set aside, 15%, set aside this home fund
we have 10% admin set aside, 15%, set aside this home fund Required 25% nonfederal match
And travis county‘s partnership
required 25% nonfederal match And travis county‘s partnership With housing authorities of
and travis county‘s partnership With housing authorities of Travis county and travis county
with housing authorities of Travis county and travis county Facility corporation to provide
travis county and travis county Facility corporation to provide This match program.
facility corporation to provide This match program. Year 24 and 25 match funding
this match program. Year 24 and 25 match funding Agreement were executed, and we
year 24 and 25 match funding Agreement were executed, and we Are anticipating execute the py
agreement were executed, and we Are anticipating execute the py 26 matching funding agreement
are anticipating execute the py 26 matching funding agreement Following the approval of our
Program year 26 action plan.
following the approval of our Program year 26 action plan. This slide shows the progress to
program year 26 action plan. This slide shows the progress to Date since we became the pj,
this slide shows the progress to Date since we became the pj, Cdbg has been working closely
date since we became the pj, Cdbg has been working closely With the travis county attorney
cdbg has been working closely With the travis county attorney Office.
with the travis county attorney Office. The auditor‘s office, patsy and
office. The auditor‘s office, patsy and Framework cdc to estuaries
the auditor‘s office, patsy and Framework cdc to estuaries Program guidelines and in.
framework cdc to estuaries Program guidelines and in. Require implementation
program guidelines and in. Require implementation Documents.
require implementation Documents. Back in 2025, we have a meeting
documents. Back in 2025, we have a meeting With patsy, board member to
back in 2025, we have a meeting With patsy, board member to Discuss lowering the income
with patsy, board member to Discuss lowering the income Limit from 60% to 50% lmi.
discuss lowering the income Limit from 60% to 50% lmi. And this is better aligned with
limit from 60% to 50% lmi. And this is better aligned with The affordability need.
and this is better aligned with The affordability need. Following that, we discussed
the affordability need. Following that, we discussed With hud.
following that, we discussed With hud. And right now, the home dpa
with hud. And right now, the home dpa Program limit was lowered to the
and right now, the home dpa Program limit was lowered to the 50% ami.
program limit was lowered to the 50% ami. At this time, I would say that
Much of the program policies and
at this time, I would say that Much of the program policies and The program is already underway
much of the program policies and The program is already underway Or substantially completed, and
the program is already underway Or substantially completed, and We are very excited that we
or substantially completed, and We are very excited that we Think that we‘re going to
we are very excited that we Think that we‘re going to Implement this program in a few
think that we‘re going to Implement this program in a few Months.
implement this program in a few Months. I would like to this slide also
months. I would like to this slide also Show.
>> excuse me, the 50%.
show. >> excuse me, the 50%. Lmi is that the the minimum, the
Maximum you have, you can have
lmi is that the the minimum, the Maximum you have, you can have To participate in the program.
maximum you have, you can have To participate in the program. >> yes.
to participate in the program. >> yes. No, ma‘am.
That‘s the that‘s the minimum.
no, ma‘am. That‘s the that‘s the minimum. So it‘s 50 to 80% ami okay.
that‘s the that‘s the minimum. So it‘s 50 to 80% ami okay. >> you have to fall between 50
so it‘s 50 to 80% ami okay. >> you have to fall between 50 And 80%.
>> that is correct.
and 80%. >> that is correct. >> correct.
Lmi to participate in this
Program.
lmi to participate in this Program. >> that‘s correct.
program. >> that‘s correct. >> and just transition into this
Slide perfectly, because this is
What we have on our website.
slide perfectly, because this is What we have on our website. Is the current home income limit
what we have on our website. Is the current home income limit That we use for the down payment
is the current home income limit That we use for the down payment Assistance program.
that we use for the down payment Assistance program. The 50% is in the middle.
assistance program. The 50% is in the middle. And of course, 80% is on the
the 50% is in the middle. And of course, 80% is on the Right side.
and of course, 80% is on the Right side. From this, I would like to
right side. From this, I would like to Transition back to monique‘s to
from this, I would like to Transition back to monique‘s to Walk through the home regulation
transition back to monique‘s to Walk through the home regulation And requirement.
walk through the home regulation And requirement. >> thank you.
and requirement. >> thank you. Ying.
So a little bit about the
ying. So a little bit about the Regulations.
so a little bit about the Regulations. If you would advance the slide
regulations. If you would advance the slide For me, please.
if you would advance the slide For me, please. Thank you.
for me, please. Thank you. The home program is mandated by
thank you. The home program is mandated by 24 cfr part 92.
the home program is mandated by 24 cfr part 92. We did see some home rule
Changes in 2025.
we did see some home rule Changes in 2025. So we became a home pj or
changes in 2025. So we became a home pj or Participating jurisdiction in
so we became a home pj or Participating jurisdiction in 2024 2025.
participating jurisdiction in 2024 2025. Hud made a bunch of changes.
I‘ve listed some of those
hud made a bunch of changes. I‘ve listed some of those Highlights on the slide.
This is not all encompassing,
highlights on the slide. This is not all encompassing, But they revised or increased
this is not all encompassing, But they revised or increased The affordability limits, which
but they revised or increased The affordability limits, which I will show you here.
the affordability limits, which I will show you here. Throughout the presentation,
They expanded access to chodos
throughout the presentation, They expanded access to chodos Or community housing development
they expanded access to chodos Or community housing development Organizations, set aside funds
or community housing development Organizations, set aside funds By neighborhood based nonprofit
organizations, set aside funds By neighborhood based nonprofit Organizations, which is great.
by neighborhood based nonprofit Organizations, which is great. An example of a chodo could be
organizations, which is great. An example of a chodo could be Like a habitat for humanity.
an example of a chodo could be Like a habitat for humanity. For example, building affordable
like a habitat for humanity. For example, building affordable Housing, they clarified
for example, building affordable Housing, they clarified Homeownership requirements to
housing, they clarified Homeownership requirements to Improve compliance and improve
homeownership requirements to Improve compliance and improve Program outcomes for home buyers
improve compliance and improve Program outcomes for home buyers And implement new provisions for
program outcomes for home buyers And implement new provisions for Community land trusts to
and implement new provisions for Community land trusts to Exercise a preemptive purchase
community land trusts to Exercise a preemptive purchase Rights.
exercise a preemptive purchase Rights. We do have a community land
rights. We do have a community land Trust or clt in this community.
we do have a community land Trust or clt in this community. It is within the city of austin.
trust or clt in this community. It is within the city of austin. It‘s not in our boundary, but
it is within the city of austin. It‘s not in our boundary, but Joyce has worked with the city
it‘s not in our boundary, but Joyce has worked with the city Of austin on the clt.
joyce has worked with the city Of austin on the clt. So I‘m really excited to have
of austin on the clt. So I‘m really excited to have Joyce as a partner.
so I‘m really excited to have Joyce as a partner. Due to her extensive expertise.
joyce as a partner. Due to her extensive expertise. Another change was to make home
due to her extensive expertise. Another change was to make home Tbra work better for vulnerable
another change was to make home Tbra work better for vulnerable Populations.
tbra work better for vulnerable Populations. We actually get a lot of phone
populations. We actually get a lot of phone Calls about tbra, the tenant
we actually get a lot of phone Calls about tbra, the tenant Based rental assistance were
calls about tbra, the tenant Based rental assistance were Actually not using our home
based rental assistance were Actually not using our home Funds at this time for tbra, but
actually not using our home Funds at this time for tbra, but We would be interested in
funds at this time for tbra, but We would be interested in Receiving feedback from the
we would be interested in Receiving feedback from the Court as we develop and stand up
receiving feedback from the Court as we develop and stand up Is program, we are going to
court as we develop and stand up Is program, we are going to Start looking at ways to try to
is program, we are going to Start looking at ways to try to Expand what we‘re using our
start looking at ways to try to Expand what we‘re using our Money for.
expand what we‘re using our Money for. Right now, we‘re focusing on
money for. Right now, we‘re focusing on Down payment assistance for home
right now, we‘re focusing on Down payment assistance for home Ownership and providing money to
down payment assistance for home Ownership and providing money to Chodos for affordable housing.
ownership and providing money to Chodos for affordable housing. But an opportunity for tbra may
chodos for affordable housing. But an opportunity for tbra may Be in the near future.
but an opportunity for tbra may Be in the near future. Strengthening tenant rights and
be in the near future. Strengthening tenant rights and Protections for occupants of the
strengthening tenant rights and Protections for occupants of the Home.
protections for occupants of the Home. Assisted rental rental units and
home. Assisted rental rental units and Recipients of home tbra, and
assisted rental rental units and Recipients of home tbra, and Establishing new methods for
recipients of home tbra, and Establishing new methods for Determining maximum per unit
establishing new methods for Determining maximum per unit Subsidies.
determining maximum per unit Subsidies. Subsidy limits, which I will
subsidies. Subsidy limits, which I will Also talk about.
subsidy limits, which I will Also talk about. Those are just a couple of the
also talk about. Those are just a couple of the Highlights from the home rule
those are just a couple of the Highlights from the home rule Changes.
highlights from the home rule Changes. Another thing with regards to
changes. Another thing with regards to Regulations and requirements, we
another thing with regards to Regulations and requirements, we Are required to have our
regulations and requirements, we Are required to have our Recapture provisions approved by
are required to have our Recapture provisions approved by Hud.
recapture provisions approved by Hud. Recapture basically means when
hud. Recapture basically means when You give out money to a home
recapture basically means when You give out money to a home Buyer, if they move out before
you give out money to a home Buyer, if they move out before The affordability, the mandated
buyer, if they move out before The affordability, the mandated Affordability period expires,
the affordability, the mandated Affordability period expires, How are you going to get that
affordability period expires, How are you going to get that Money back?
how are you going to get that Money back? So you can either use a what‘s
money back? So you can either use a what‘s Called a recapture provision,
so you can either use a what‘s Called a recapture provision, Which is the model that travis
called a recapture provision, Which is the model that travis County is utilizing.
which is the model that travis County is utilizing. Or you can use a resale
county is utilizing. Or you can use a resale Provision.
or you can use a resale Provision. Please don‘t ask me to explain
provision. Please don‘t ask me to explain The resale because it‘s not our
please don‘t ask me to explain The resale because it‘s not our Model and I don‘t have it
the resale because it‘s not our Model and I don‘t have it Memorized, but we are using the
model and I don‘t have it Memorized, but we are using the Recapture provision and we had
memorized, but we are using the Recapture provision and we had To have those approved.
recapture provision and we had To have those approved. And then lastly, policies and
to have those approved. And then lastly, policies and Procedures for our program.
and then lastly, policies and Procedures for our program. Next slide please.
procedures for our program. Next slide please. So this is just a screenshot.
next slide please. So this is just a screenshot. I‘m not going to talk about it.
so this is just a screenshot. I‘m not going to talk about it. Just want the court and the
Public to be aware that we do
just want the court and the Public to be aware that we do Have policies and procedures.
public to be aware that we do Have policies and procedures. They are nearing completion.
have policies and procedures. They are nearing completion. They are not done.
they are nearing completion. They are not done. This has been a very
they are not done. This has been a very Comprehensive process.
this has been a very Comprehensive process. And next slide, please.
comprehensive process. And next slide, please. This is just to show that our
and next slide, please. This is just to show that our That hud did approve the
this is just to show that our That hud did approve the County‘s recapture provisions on
that hud did approve the County‘s recapture provisions on April 22nd, 2025.
county‘s recapture provisions on April 22nd, 2025. Next slide please.
april 22nd, 2025. Next slide please. So now I‘m going to go in to
next slide please. So now I‘m going to go in to Program design just to hit the
so now I‘m going to go in to Program design just to hit the Highlights for you.
program design just to hit the Highlights for you. All the jurisdiction for the
highlights for you. All the jurisdiction for the Home investment partnership
all the jurisdiction for the Home investment partnership Program is a travis county
home investment partnership Program is a travis county Service area.
program is a travis county Service area. So as you know, we are an
service area. So as you know, we are an Entitlement.
so as you know, we are an Entitlement. Urban county city of austin has
entitlement. Urban county city of austin has Their money.
urban county city of austin has Their money. We are now receiving ours.
their money. We are now receiving ours. We have to spend our money in
we are now receiving ours. We have to spend our money in Our jurisdiction.
we have to spend our money in Our jurisdiction. That‘s unincorporated travis
our jurisdiction. That‘s unincorporated travis County and small cities that are
that‘s unincorporated travis County and small cities that are Operating under a cooperation
county and small cities that are Operating under a cooperation Agreement with travis county
operating under a cooperation Agreement with travis county Income limits.
agreement with travis county Income limits. As we just mentioned,
income limits. As we just mentioned, Commissioner howard is 50% to
as we just mentioned, Commissioner howard is 50% to 80% ami.
commissioner howard is 50% to 80% ami. That means the folks that are
Participating in our program, we
that means the folks that are Participating in our program, we Want them to be in that income
participating in our program, we Want them to be in that income Range.
want them to be in that income Range. Typically, dpa programs that are
range. Typically, dpa programs that are Funded by home are 60 to 80%
typically, dpa programs that are Funded by home are 60 to 80% Ami.
funded by home are 60 to 80% Ami. But as you will hear later
ami. But as you will hear later Through our partnership with
but as you will hear later Through our partnership with Fss, we really wanted to try to
through our partnership with Fss, we really wanted to try to Create an opportunity to do a
fss, we really wanted to try to Create an opportunity to do a Subsidy layer, which is
create an opportunity to do a Subsidy layer, which is Something you asked about
subsidy layer, which is Something you asked about Earlier, commissioner shea,
something you asked about Earlier, commissioner shea, About layering subsidies from
earlier, commissioner shea, About layering subsidies from Other entities or from the
about layering subsidies from Other entities or from the Escrow program that you‘ll hear
other entities or from the Escrow program that you‘ll hear About.
escrow program that you‘ll hear About. We really wanted to try to
about. We really wanted to try to Create an opportunity for the
we really wanted to try to Create an opportunity for the Potential buyer on the lower end
create an opportunity for the Potential buyer on the lower end Of the income spectrum, the home
potential buyer on the lower end Of the income spectrum, the home Investment local limit, the
of the income spectrum, the home Investment local limit, the Statute does require that there
investment local limit, the Statute does require that there Is a at least a minimum of
statute does require that there Is a at least a minimum of $1,000 per unit investment, if
is a at least a minimum of $1,000 per unit investment, if I‘m stating that correctly.
So our local limit for the home
Buyers is $1,500.
so our local limit for the home Buyers is $1,500. We are also setting a
buyers is $1,500. We are also setting a Prerequisite that the purchaser
we are also setting a Prerequisite that the purchaser Has a post savings account
prerequisite that the purchaser Has a post savings account Requirement of $2,000.
has a post savings account Requirement of $2,000. Our direct subsidy subsidy is up
requirement of $2,000. Our direct subsidy subsidy is up To $75,000.
our direct subsidy subsidy is up To $75,000. Does not mean everybody‘s going
to $75,000. Does not mean everybody‘s going To get $75,000.
does not mean everybody‘s going To get $75,000. It means, based upon your
to get $75,000. It means, based upon your Ability to repay and what you
it means, based upon your Ability to repay and what you Actually need to make the home
ability to repay and what you Actually need to make the home That you are trying to purchase
actually need to make the home That you are trying to purchase Affordable.
that you are trying to purchase Affordable. We can provide up to $75,000
affordable. We can provide up to $75,000 Credit score, 640 front end and
we can provide up to $75,000 Credit score, 640 front end and Back end ratios.
credit score, 640 front end and Back end ratios. I just put industry standards
back end ratios. I just put industry standards Depending upon the loan product,
That could change.
depending upon the loan product, That could change. But the 3843 percentages that
that could change. But the 3843 percentages that You see there are, I believe,
but the 3843 percentages that You see there are, I believe, Fha standards.
you see there are, I believe, Fha standards. Is that correct?
fha standards. Is that correct? Okay.
is that correct? Okay. >> what does that mean?
okay. >> what does that mean? Can you just say what that
Means?
can you just say what that Means? It‘s not clear to me.
means? It‘s not clear to me. >> yes.
it‘s not clear to me. >> yes. So the front end ratio is the
Housing ratio.
so the front end ratio is the Housing ratio. That means this is this is going
housing ratio. That means this is this is going To be your your ratio for if you
that means this is this is going To be your your ratio for if you Have no debt.
to be your your ratio for if you Have no debt. So this is a this is your, your
have no debt. So this is a this is your, your Housing ratio, your housing
so this is a this is your, your Housing ratio, your housing Percentage, the back end ratio
housing ratio, your housing Percentage, the back end ratio Is your debt to income ratio,
percentage, the back end ratio Is your debt to income ratio, Which typically most people are
is your debt to income ratio, Which typically most people are Going to have because you‘re
which typically most people are Going to have because you‘re Going to have a car payment, you
going to have because you‘re Going to have a car payment, you May have student loans, you may
going to have a car payment, you May have student loans, you may Have credit card debt, you may
may have student loans, you may Have credit card debt, you may Have another.
have credit card debt, you may Have another. Well, you can‘t have another
have another. Well, you can‘t have another Mortgage for this program.
well, you can‘t have another Mortgage for this program. But but basically, the back end
mortgage for this program. But but basically, the back end Ratio says that when we
but but basically, the back end Ratio says that when we Calculate your income and all of
ratio says that when we Calculate your income and all of Your debt, which are your
calculate your income and all of Your debt, which are your Minimum payments on your credit
your debt, which are your Minimum payments on your credit Score, you cannot exceed a
minimum payments on your credit Score, you cannot exceed a Certain threshold in order for
score, you cannot exceed a Certain threshold in order for You to be deemed like falling
certain threshold in order for You to be deemed like falling Within like an affordability
you to be deemed like falling Within like an affordability Range.
within like an affordability Range. >> and that‘s the 43% of your
range. >> and that‘s the 43% of your Income.
>> that is, it‘s not 43% of your
income. >> that is, it‘s not 43% of your Income.
It‘s calculated based upon your
income. It‘s calculated based upon your Debt.
it‘s calculated based upon your Debt. It‘s debt to income ratio.
debt. It‘s debt to income ratio. So it‘s a calculation factoring.
it‘s debt to income ratio. So it‘s a calculation factoring. >> in, oh, it‘s what you owe
so it‘s a calculation factoring. >> in, oh, it‘s what you owe Compared to your income.
>> that is correct.
compared to your income. >> that is correct. >> that‘s the 38.
Th doesn‘t refer to the
Percentage that‘s paid for
th doesn‘t refer to the Percentage that‘s paid for Housing.
percentage that‘s paid for Housing. Is it?
housing. Is it? >> 38% is just your percent of
is it? >> 38% is just your percent of What you can afford based upon
Your income?
what you can afford based upon Your income? Because the assumption is, is
your income? Because the assumption is, is That the housing ratio doesn‘t
because the assumption is, is That the housing ratio doesn‘t Include debt.
that the housing ratio doesn‘t Include debt. >> okay.
include debt. >> okay. >> homebuyer education and
Housing counseling, those are
Prerequisites set for our
housing counseling, those are Prerequisites set for our Program.
prerequisites set for our Program. Basically, we‘re saying we want
program. Basically, we‘re saying we want To help, but we want you to have
basically, we‘re saying we want To help, but we want you to have Housing, counseling and
to help, but we want you to have Housing, counseling and Education as a prerequisite to
housing, counseling and Education as a prerequisite to Gain access to the county‘s down
education as a prerequisite to Gain access to the county‘s down Payment assistance funds,
gain access to the county‘s down Payment assistance funds, Occupancy requirement.
payment assistance funds, Occupancy requirement. You must live in the house for
occupancy requirement. You must live in the house for It must be your primary
you must live in the house for It must be your primary Residence and the mortgage
it must be your primary Residence and the mortgage Mortgage requirements.
residence and the mortgage Mortgage requirements. Just in general, a qualified
mortgage requirements. Just in general, a qualified Mortgage, the loan products,
just in general, a qualified Mortgage, the loan products, Conventional, fha, va, usda, but
mortgage, the loan products, Conventional, fha, va, usda, but No interest.
conventional, fha, va, usda, but No interest. Only no balloons, no arms
no interest. Only no balloons, no arms Adjusted rate mortgages because
only no balloons, no arms Adjusted rate mortgages because Those are high risk and we don‘t
adjusted rate mortgages because Those are high risk and we don‘t Want our clients receiving our
those are high risk and we don‘t Want our clients receiving our Sof secondary forgivable loan
want our clients receiving our Sof secondary forgivable loan And being in a high risk or
sof secondary forgivable loan And being in a high risk or Subprime mortgage product.
and being in a high risk or Subprime mortgage product. Next slide please.
subprime mortgage product. Next slide please. >> is the local limit that they
next slide please. >> is the local limit that they Cannot have more than $1,500
That they contribute or that
cannot have more than $1,500 That they contribute or that That‘s the minimum.
that they contribute or that That‘s the minimum. I‘m not clear what that limit
that‘s the minimum. I‘m not clear what that limit Is.
>> great question.
is. >> great question. That is the minimum for what
We‘re asking them to contribute.
that is the minimum for what We‘re asking them to contribute. Okay.
we‘re asking them to contribute. Okay. Yep.
okay. Yep. Down payment assistance
yep. Down payment assistance Continued.
down payment assistance Continued. I‘ve already talked about the
continued. I‘ve already talked about the $75,000 cap.
On the next slides.
We‘ll discuss affordability
on the next slides. We‘ll discuss affordability Periods, mortgage readiness
we‘ll discuss affordability Periods, mortgage readiness Requirements, the maximum per
periods, mortgage readiness Requirements, the maximum per Unit subsidy, and property
requirements, the maximum per Unit subsidy, and property Standards.
unit subsidy, and property Standards. Next slide please.
standards. Next slide please. So on this slide it just shows
next slide please. So on this slide it just shows What I think.
so on this slide it just shows What I think. I skipped a slide.
what I think. I skipped a slide. Here I am.
This is the affordability
here I am. This is the affordability Period.
this is the affordability Period. So earlier I said a hud changed
period. So earlier I said a hud changed The rules and the ranges used to
so earlier I said a hud changed The rules and the ranges used to Be different.
the rules and the ranges used to Be different. I think it used to be like
be different. I think it used to be like 15,000, 15 to 40,000 and then
Above 40,000.
They made revisions in 2025 to
above 40,000. They made revisions in 2025 to The rules.
they made revisions in 2025 to The rules. And so now if you receive home
the rules. And so now if you receive home Funds under $25,000, you‘re
and so now if you receive home Funds under $25,000, you‘re Required to live in the house
funds under $25,000, you‘re Required to live in the house For five years.
required to live in the house For five years. That‘s the affordability period.
for five years. That‘s the affordability period. If you receive home funds
that‘s the affordability period. If you receive home funds Between 25,000 and 50,000,
if you receive home funds Between 25,000 and 50,000, You‘re required to live in the
between 25,000 and 50,000, You‘re required to live in the Home for ten years.
you‘re required to live in the Home for ten years. If you receive home funds over
home for ten years. If you receive home funds over $50,000, you‘re required to live
if you receive home funds over $50,000, you‘re required to live In the house for 15 years.
Next slide please.
in the house for 15 years. Next slide please. >> and what happens if you don‘t
next slide please. >> and what happens if you don‘t Meet those requirements?
You don‘t get the benefit of the
meet those requirements? You don‘t get the benefit of the Increased value of the home.
you don‘t get the benefit of the Increased value of the home. If you have to sell it.
increased value of the home. If you have to sell it. >> great question.
if you have to sell it. >> great question. So if you do not meet those
Requirements, our recapture
so if you do not meet those Requirements, our recapture Provisions are triggered, then
requirements, our recapture Provisions are triggered, then That means that the deed of
provisions are triggered, then That means that the deed of Trust that will be filed with
that means that the deed of Trust that will be filed with The county clerk‘s office will
trust that will be filed with The county clerk‘s office will Then be triggered, and then
the county clerk‘s office will Then be triggered, and then There will be a pro rata share
then be triggered, and then There will be a pro rata share Of the funds that have to be
there will be a pro rata share Of the funds that have to be Returned to travis county.
of the funds that have to be Returned to travis county. >> and does that allow the
returned to travis county. >> and does that allow the Person to sell the house and pay
That portion of funds from some
person to sell the house and pay That portion of funds from some Proceeds of the sale?
that portion of funds from some Proceeds of the sale? >> it could be a sell
proceeds of the sale? >> it could be a sell Voluntarily or involuntary.
So whenever there‘s a
voluntarily or involuntary. So whenever there‘s a Transaction on the property
so whenever there‘s a Transaction on the property Outside of or I guess within the
transaction on the property Outside of or I guess within the Affordability period, then
outside of or I guess within the Affordability period, then That‘s going to trigger the
affordability period, then That‘s going to trigger the County.
that‘s going to trigger the County. >> they‘re able to recover some
county. >> they‘re able to recover some Of the money.
>> investing our recapture
of the money. >> investing our recapture Provisions.
That is absolutely correct.
provisions. That is absolutely correct. Okay.
that is absolutely correct. Okay. So mortgage readiness
okay. So mortgage readiness Requirements, these are some
so mortgage readiness Requirements, these are some Standard requirements that we
requirements, these are some Standard requirements that we Put in place.
standard requirements that we Put in place. This will basically be like a
put in place. This will basically be like a Form that we give to framework,
this will basically be like a Form that we give to framework, Cdc and the mortgage readiness
form that we give to framework, Cdc and the mortgage readiness Requirements.
cdc and the mortgage readiness Requirements. I don‘t have to read them all,
requirements. I don‘t have to read them all, But the gist of this is to make
Sure that every client meets all
but the gist of this is to make Sure that every client meets all Of the criteria on this
sure that every client meets all Of the criteria on this Checklist before they are
of the criteria on this Checklist before they are Allowed to apply for our dpa
checklist before they are Allowed to apply for our dpa Phone.
allowed to apply for our dpa Phone. Our dpa funds, the applicants or
phone. Our dpa funds, the applicants or The prospective buyers will
our dpa funds, the applicants or The prospective buyers will Actually not apply for the
the prospective buyers will Actually not apply for the Funds.
actually not apply for the Funds. The lender will submit the
funds. The lender will submit the Application, but when the
the lender will submit the Application, but when the Clients go through homebuyer
application, but when the Clients go through homebuyer Education with a framework, cdc,
clients go through homebuyer Education with a framework, cdc, Then the housing counseling
education with a framework, cdc, Then the housing counseling Prerequisite, this document that
then the housing counseling Prerequisite, this document that Will be signed off on by
prerequisite, this document that Will be signed off on by Framework, cdc and by the
will be signed off on by Framework, cdc and by the Client.
framework, cdc and by the Client. They have to check all of these
client. They have to check all of these Boxes.
they have to check all of these Boxes. And so that‘s just the gist of
boxes. And so that‘s just the gist of The mortgage readiness
and so that‘s just the gist of The mortgage readiness Requirements that we‘ve
the mortgage readiness Requirements that we‘ve Established for this program.
requirements that we‘ve Established for this program. Next slide please.
established for this program. Next slide please. And so I think I have a couple
next slide please. And so I think I have a couple More slides before we get to
and so I think I have a couple More slides before we get to You.
more slides before we get to You. Joyce.
you. Joyce. I‘m trying to go through maximum
joyce. I‘m trying to go through maximum Per unit subsidies.
So per 24 cfr 92.25 a, the pjs
per unit subsidies. So per 24 cfr 92.25 a, the pjs Investments may not exceed the
so per 24 cfr 92.25 a, the pjs Investments may not exceed the Per unit dollar limit.
investments may not exceed the Per unit dollar limit. Hud publishes the local dollar
per unit dollar limit. Hud publishes the local dollar Limits annually.
hud publishes the local dollar Limits annually. And I wanted to read that
limits annually. And I wanted to read that Specifically because the slide
and I wanted to read that Specifically because the slide Is a little small.
specifically because the slide Is a little small. So about the maximum per unit
is a little small. So about the maximum per unit Subsidy, if I.
so about the maximum per unit Subsidy, if I. I printed out a packet and
subsidy, if I. I printed out a packet and Provided them to all of you all
Today.
provided them to all of you all Today. So I hope you can see this.
today. So I hope you can see this. But in the far right column it
so I hope you can see this. But in the far right column it Says home maximum per unit
but in the far right column it Says home maximum per unit Subsidy limit.
says home maximum per unit Subsidy limit. Basically, we‘re not able to
subsidy limit. Basically, we‘re not able to Subsidize homes in in excess of
basically, we‘re not able to Subsidize homes in in excess of The amounts that are listed.
subsidize homes in in excess of The amounts that are listed. This is the 2024 limit for home
the amounts that are listed. This is the 2024 limit for home Maximum per unit subsidies that
this is the 2024 limit for home Maximum per unit subsidies that We pulled from the tdhca
maximum per unit subsidies that We pulled from the tdhca Website.
we pulled from the tdhca Website. Believe that there are going to
website. Believe that there are going to Be.
believe that there are going to Be. I think we reached out to hud
be. I think we reached out to hud And there are going to be new
Limits published.
and there are going to be new Limits published. We do not have them at this
limits published. We do not have them at this Time, but it‘s just a
we do not have them at this Time, but it‘s just a Prerequisite that we have to
time, but it‘s just a Prerequisite that we have to Make sure that we‘re looking at
prerequisite that we have to Make sure that we‘re looking at When we‘re providing funds.
make sure that we‘re looking at When we‘re providing funds. We are not going to provide
when we‘re providing funds. We are not going to provide Excessive funds as listed in the
we are not going to provide Excessive funds as listed in the Maximum per unit subsidy limit.
excessive funds as listed in the Maximum per unit subsidy limit. Our limit is going to be
maximum per unit subsidy limit. Our limit is going to be $75,000.
our limit is going to be $75,000. >> so is this saying that the
Most expensive house that
Someone could buy is the
most expensive house that Someone could buy is the $359,000?
someone could buy is the $359,000? >> no, ma‘am.
That‘s saying that that‘s the
Maximum that we‘re able to
that‘s saying that that‘s the Maximum that we‘re able to Invest in a unit that has zero
maximum that we‘re able to Invest in a unit that has zero Bedrooms, one bedroom, two
invest in a unit that has zero Bedrooms, one bedroom, two Bedrooms or three bedrooms or
bedrooms, one bedroom, two Bedrooms or three bedrooms or Four bedrooms.
bedrooms or three bedrooms or Four bedrooms. So depending upon the size of
four bedrooms. So depending upon the size of The house, we would not be able
so depending upon the size of The house, we would not be able To exceed the limits that are
the house, we would not be able To exceed the limits that are Shown there either for
to exceed the limits that are Shown there either for Condominiums or for just like a
shown there either for Condominiums or for just like a Single family unit.
condominiums or for just like a Single family unit. >> but none of the the subsidy
single family unit. >> but none of the the subsidy Programs would get to those
Dollar amounts.
programs would get to those Dollar amounts. Our maximum subsidy, 75,000.
dollar amounts. Our maximum subsidy, 75,000. You have to.
our maximum subsidy, 75,000. You have to. Unless somebody was able to save
you have to. Unless somebody was able to save A lot of money.
unless somebody was able to save A lot of money. And then there were other
a lot of money. And then there were other Cumulative contributions to get
and then there were other Cumulative contributions to get To 181 000 I.
cumulative contributions to get To 181 000 I. >> I agree it could be really
to 181 000 I. >> I agree it could be really More for rental units.
So like if you‘re building an
more for rental units. So like if you‘re building an Apartment complex and you are
so like if you‘re building an Apartment complex and you are Making an investment based upon
apartment complex and you are Making an investment based upon Your, you know, you‘re making an
making an investment based upon Your, you know, you‘re making an Investment in your, your hud
your, you know, you‘re making an Investment in your, your hud Funds, I‘m not really sure if
investment in your, your hud Funds, I‘m not really sure if That‘s applicable or not, but my
funds, I‘m not really sure if That‘s applicable or not, but my Interpretation when I read the
that‘s applicable or not, but my Interpretation when I read the Regulation, it just said that
interpretation when I read the Regulation, it just said that The pjs investment may not
regulation, it just said that The pjs investment may not Exceed the per unit dollar
the pjs investment may not Exceed the per unit dollar Limits listed on the on the
exceed the per unit dollar Limits listed on the on the Chart.
limits listed on the on the Chart. >> so this would be the cost
chart. >> so this would be the cost That we would be putting into
Building some kind of complex,
that we would be putting into Building some kind of complex, As opposed to a down payment
building some kind of complex, As opposed to a down payment Assistance match program.
as opposed to a down payment Assistance match program. >> that is correct.
assistance match program. >> that is correct. Okay.
>> but that explains those
okay. >> but that explains those Dollar.
>> numbers.
dollar. >> numbers. Okay.
Next slide.
okay. Next slide. And lastly, I wanted to just
next slide. And lastly, I wanted to just Mention to the court that this
and lastly, I wanted to just Mention to the court that this Is not fully fleshed out yet,
mention to the court that this Is not fully fleshed out yet, But we are going to require
is not fully fleshed out yet, But we are going to require Inspections of all the
but we are going to require Inspections of all the Properties that are going to be
inspections of all the Properties that are going to be Purchased with down payment
properties that are going to be Purchased with down payment Assistance funds.
purchased with down payment Assistance funds. I copied and pasted a portion of
assistance funds. I copied and pasted a portion of The regulation there.
It‘s generally saying that
the regulation there. It‘s generally saying that Existing housing that is
it‘s generally saying that Existing housing that is Acquired for homeownership using
existing housing that is Acquired for homeownership using Homeownership assistance must be
acquired for homeownership using Homeownership assistance must be Decent, safe, sanitary and in
homeownership assistance must be Decent, safe, sanitary and in Good repair says a lot more than
decent, safe, sanitary and in Good repair says a lot more than That.
good repair says a lot more than That. But we are going to establish we
that. But we are going to establish we Are requid to establish
but we are going to establish we Are requid to establish Regulations, rules and
are requid to establish Regulations, rules and Regulations for how the homes
regulations, rules and Regulations for how the homes Are to be inspected, and that is
regulations for how the homes Are to be inspected, and that is A very important note that I
are to be inspected, and that is A very important note that I Wanted to make without taking a
a very important note that I Wanted to make without taking a Deep dive on that today.
wanted to make without taking a Deep dive on that today. So now I will turn it over.
deep dive on that today. So now I will turn it over. Oh, I think I have one more
so now I will turn it over. Oh, I think I have one more Slide.
oh, I think I have one more Slide. And so lastly, I‘ve been trying
slide. And so lastly, I‘ve been trying To get to you,.
and so lastly, I‘ve been trying To get to you,. [laughter]
to get to you,. [laughter] Joyce.
It‘s been a long day.
joyce. It‘s been a long day. The, the down payment assistance
it‘s been a long day. The, the down payment assistance Program, public private
the, the down payment assistance Program, public private Partnerships as shown on the
program, public private Partnerships as shown on the Slide 24, cfr 92.2 hundred
partnerships as shown on the Slide 24, cfr 92.2 hundred Requires and expects there to be
slide 24, cfr 92.2 hundred Requires and expects there to be Partnerships.
requires and expects there to be Partnerships. It‘s actually in the name of t
partnerships. It‘s actually in the name of t Program.
it‘s actually in the name of t Program. It‘s the home investment
program. It‘s the home investment Partnerships program.
it‘s the home investment Partnerships program. We‘re supposed to be leveraging
partnerships program. We‘re supposed to be leveraging Partnerships.
we‘re supposed to be leveraging Partnerships. So the the lending referral
partnerships. So the the lending referral Partners is underway.
so the the lending referral Partners is underway. It is not fully launched.
partners is underway. It is not fully launched. We reached out to all of the
it is not fully launched. We reached out to all of the Lenders that are in the tea
we reached out to all of the Lenders that are in the tea Shack.
lenders that are in the tea Shack. Down payment assistance program,
shack. Down payment assistance program, Because we knew that they would
down payment assistance program, Because we knew that they would Have familiarity with these
because we knew that they would Have familiarity with these Types of programs.
have familiarity with these Types of programs. So we reached out to them.
types of programs. So we reached out to them. Most of them are very excited
so we reached out to them. Most of them are very excited And anxious to participate in
most of them are very excited And anxious to participate in Our program.
and anxious to participate in Our program. We wanted to stand it up first,
our program. We wanted to stand it up first, Get the application done, and
we wanted to stand it up first, Get the application done, and Then engage with them.
get the application done, and Then engage with them. And so we are working on that.
then engage with them. And so we are working on that. We also are excited to tout our
and so we are working on that. We also are excited to tout our Partnership with framework cdc,
we also are excited to tout our Partnership with framework cdc, A hud approved housing
partnership with framework cdc, A hud approved housing Counseling agency who will go
a hud approved housing Counseling agency who will go Over for the court in the public
counseling agency who will go Over for the court in the public In just a moment.
over for the court in the public In just a moment. The affordability calculator to
in just a moment. The affordability calculator to Run some scenarios for the
the affordability calculator to Run some scenarios for the Court, providing a required
run some scenarios for the Court, providing a required Homebuyer education and housing
court, providing a required Homebuyer education and housing Counseling, and then, of course,
homebuyer education and housing Counseling, and then, of course, Ensuring that all clients are
counseling, and then, of course, Ensuring that all clients are Mortgage ready as a prerequisite
ensuring that all clients are Mortgage ready as a prerequisite For our program.
mortgage ready as a prerequisite For our program. And then lastly, but certainly
for our program. And then lastly, but certainly Not least, is the hatzi family
and then lastly, but certainly Not least, is the hatzi family Self-sufficiency program, where
not least, is the hatzi family Self-sufficiency program, where Brenda will talk about how our
self-sufficiency program, where Brenda will talk about how our Partnership will work and how
brenda will talk about how our Partnership will work and how They will market, promote and
partnership will work and how They will market, promote and Refer their clients to the
they will market, promote and Refer their clients to the County‘s dpa program.
refer their clients to the County‘s dpa program. Turn it over to you, joyce.
county‘s dpa program. Turn it over to you, joyce. >> okay.
turn it over to you, joyce. >> okay. Okay.
Well, good afternoon.
okay. Well, good afternoon. >> pleasure to be here today.
well, good afternoon. >> pleasure to be here today. And we‘re going to kick off with
Our segment of the portion of
and we‘re going to kick off with Our segment of the portion of What the will make this down
our segment of the portion of What the will make this down Payment assistance program
what the will make this down Payment assistance program Successful for our constituents.
payment assistance program Successful for our constituents. And so I would focus your
successful for our constituents. And so I would focus your Attention on the scenarios that
and so I would focus your Attention on the scenarios that We‘ve provided.
attention on the scenarios that We‘ve provided. And so scenario, can you all
we‘ve provided. And so scenario, can you all Hear me sound like the mic is in
and so scenario, can you all Hear me sound like the mic is in My eye and we‘re down some.
hear me sound like the mic is in My eye and we‘re down some. Okay, so hopefully you can see
my eye and we‘re down some. Okay, so hopefully you can see The scenario.
okay, so hopefully you can see The scenario. So we, we used the scenarios
the scenario. So we, we used the scenarios Based on the 80, 50, 60, 50 to
so we, we used the scenarios Based on the 80, 50, 60, 50 to 80% mfi.
based on the 80, 50, 60, 50 to 80% mfi. And we wanted to give several
Scenarios using two of the most
and we wanted to give several Scenarios using two of the most Popular mortgage loan programs,
scenarios using two of the most Popular mortgage loan programs, Which is the federal housing
popular mortgage loan programs, Which is the federal housing Administration, also known as
which is the federal housing Administration, also known as Fha, and conventional financing,
administration, also known as Fha, and conventional financing, Which happens to be my favorite
fha, and conventional financing, Which happens to be my favorite Product for several reasons, in
which happens to be my favorite Product for several reasons, in Which I‘ll elaborate.
product for several reasons, in Which I‘ll elaborate. So the first scenario is based
which I‘ll elaborate. So the first scenario is based On the conventional financing
so the first scenario is based On the conventional financing And the borrower being eligible
on the conventional financing And the borrower being eligible For 50 using 5000.
and the borrower being eligible For 50 using 5000. As she said, the down payment
for 50 using 5000. As she said, the down payment Intent is not that it is
as she said, the down payment Intent is not that it is Eligible for using the or
intent is not that it is Eligible for using the or Consuming 75000 in totality, but
eligible for using the or Consuming 75000 in totality, but It‘s based on need, right?
consuming 75000 in totality, but It‘s based on need, right? So with that understanding on
it‘s based on need, right? So with that understanding on The side of the borrower, john
so with that understanding on The side of the borrower, john Doe conveying the gross income
the side of the borrower, john Doe conveying the gross income From the credit tri merge credit
doe conveying the gross income From the credit tri merge credit Report, creditors are reporting
from the credit tri merge credit Report, creditors are reporting The car payment and the credit
report, creditors are reporting The car payment and the credit Card or loan payment of.
the car payment and the credit Card or loan payment of. 152 so the debt is.
card or loan payment of. 152 so the debt is. 524 from the credit repository
Conveyance I want to transit
Before I talk about the ratios
conveyance I want to transit Before I talk about the ratios And the other elements to this
before I talk about the ratios And the other elements to this Section, I‘d like to shift to
and the other elements to this Section, I‘d like to shift to The area where we‘re conveying
section, I‘d like to shift to The area where we‘re conveying The sales price.
the area where we‘re conveying The sales price. And I tried to keep the sales
the sales price. And I tried to keep the sales Price similar to the subsidy
and I tried to keep the sales Price similar to the subsidy Caps, because these are kind of
price similar to the subsidy Caps, because these are kind of Realistic prices that are
caps, because these are kind of Realistic prices that are Affordable for low to moderate
realistic prices that are Affordable for low to moderate Income buyers or very low to
affordable for low to moderate Income buyers or very low to Moderate income buyers, which is
income buyers or very low to Moderate income buyers, which is The demographic income
moderate income buyers, which is The demographic income Demographic that we‘re serving.
the demographic income Demographic that we‘re serving. So in this particular scenario,
demographic that we‘re serving. So in this particular scenario, We looked at a 202, $203,000
so in this particular scenario, We looked at a 202, $203,000 Sales price.
we looked at a 202, $203,000 Sales price. And if the borrower is getting
sales price. And if the borrower is getting $50,000 in down payment
and if the borrower is getting $50,000 in down payment Assistance, that subsidy creates
A loan to value of 75.33%.
assistance, that subsidy creates A loan to value of 75.33%. And what that loan to value
a loan to value of 75.33%. And what that loan to value Means is that if there if there
and what that loan to value Means is that if there if there Is no down payment requirement,
means is that if there if there Is no down payment requirement, Then it‘s 100% loan to value the
is no down payment requirement, Then it‘s 100% loan to value the Subsidy divided by the sales
then it‘s 100% loan to value the Subsidy divided by the sales Price determines what percentage
subsidy divided by the sales Price determines what percentage Of that subsidy is paying for
price determines what percentage Of that subsidy is paying for That home.
of that subsidy is paying for That home. So in this scenario, the subsidy
that home. So in this scenario, the subsidy That is being used 50,000 is
so in this scenario, the subsidy That is being used 50,000 is About 22, 23,000, 22, 23%.
that is being used 50,000 is About 22, 23,000, 22, 23%. And that subtracted by 100%
about 22, 23,000, 22, 23%. And that subtracted by 100% Created a loan to value of
and that subtracted by 100% Created a loan to value of 75.33%.
created a loan to value of 75.33%. So the borrower would then need
To identify financing not at
so the borrower would then need To identify financing not at 100% of the sales price, but at
to identify financing not at 100% of the sales price, but at 75% of the sales price, which
Now makes the mortgage payment
Smaller.
now makes the mortgage payment Smaller. And the mortgage loan smaller,
smaller. And the mortgage loan smaller, And thus the payment smaller.
and the mortgage loan smaller, And thus the payment smaller. The benefit of a conventional
and thus the payment smaller. The benefit of a conventional Financing is that with
the benefit of a conventional Financing is that with Conventional financing, which is
financing is that with Conventional financing, which is Private financing, when the loan
conventional financing, which is Private financing, when the loan To value is below 80%, the
private financing, when the loan To value is below 80%, the Investor will not assess the
to value is below 80%, the Investor will not assess the Borrower with what‘s called
investor will not assess the Borrower with what‘s called Private mortgage insurance.
borrower with what‘s called Private mortgage insurance. And the private mortgage
private mortgage insurance. And the private mortgage Insurance is an insurance policy
and the private mortgage Insurance is an insurance policy To protect the investor.
insurance is an insurance policy To protect the investor. If the investor loses the loan
to protect the investor. If the investor loses the loan Through mortgage default, if the
if the investor loses the loan Through mortgage default, if the Mortgager defaulted on the loan,
through mortgage default, if the Mortgager defaulted on the loan, The the investor is made whole
mortgager defaulted on the loan, The the investor is made whole By this private mortgage
the the investor is made whole By this private mortgage Insurance policy.
by this private mortgage Insurance policy. So it‘s not benefiting the
insurance policy. So it‘s not benefiting the Mortgager, it‘s benefiting the
so it‘s not benefiting the Mortgager, it‘s benefiting the Investor, you know, from loss.
mortgager, it‘s benefiting the Investor, you know, from loss. And so we we thought this was
investor, you know, from loss. And so we we thought this was Important to convey because if
and so we we thought this was Important to convey because if There‘s no pmi, then it makes
important to convey because if There‘s no pmi, then it makes The housing payment smaller,
there‘s no pmi, then it makes The housing payment smaller, Right?
the housing payment smaller, Right? So the goal is to get the.
right? So the goal is to get the. And then in addition to that,
so the goal is to get the. And then in addition to that, The credit score for
and then in addition to that, The credit score for Conventional financing starts at
the credit score for Conventional financing starts at 620.
conventional financing starts at 620. But again, this program requires
640.
but again, this program requires 640. So we will.
We always convey that the
so we will. We always convey that the Borrower should at least aim at
we always convey that the Borrower should at least aim at A 640 score or higher, because
borrower should at least aim at A 640 score or higher, because There are down payment programs,
a 640 score or higher, because There are down payment programs, Including dpa, this dpa program
there are down payment programs, Including dpa, this dpa program That requires a.
including dpa, this dpa program That requires a. 640.
that requires a. 640. So we.
As a housing counseling, we.
so we. As a housing counseling, we. We set a standard at 640 should
as a housing counseling, we. We set a standard at 640 should Be your goal for a credit score.
we set a standard at 640 should Be your goal for a credit score. We made assumptions on the
be your goal for a credit score. We made assumptions on the Insurance based on the insurance
we made assumptions on the Insurance based on the insurance Rate in austin and central texas
insurance based on the insurance Rate in austin and central texas And the hoa.
rate in austin and central texas And the hoa. And we looked at this obviously
and the hoa. And we looked at this obviously As a 36 month, 30 year mortgage
and we looked at this obviously As a 36 month, 30 year mortgage Loan to make the payment
as a 36 month, 30 year mortgage Loan to make the payment Smaller.
loan to make the payment Smaller. And as you can see, we use an
smaller. And as you can see, we use an Interest rate, which is probably
and as you can see, we use an Interest rate, which is probably Higher than the market rate.
interest rate, which is probably Higher than the market rate. Now it‘s floating at about a
higher than the market rate. Now it‘s floating at about a Little over 6.5%.
now it‘s floating at about a Little over 6.5%. But, you know, we don‘t know
little over 6.5%. But, you know, we don‘t know Where the economy is going,
but, you know, we don‘t know Where the economy is going, Given the fact that we‘re in an
where the economy is going, Given the fact that we‘re in an Inflationary economy.
given the fact that we‘re in an Inflationary economy. And then we did not use a pmi
inflationary economy. And then we did not use a pmi Rate because the pmi is recused
and then we did not use a pmi Rate because the pmi is recused Because of the ltv being under
rate because the pmi is recused Because of the ltv being under 80%.
because of the ltv being under 80%. >> if I ever need to buy
Anything.
[laughter]
anything. [laughter] Again, I need your phone number.
>> and we explained this to our
again, I need your phone number. >> and we explained this to our Clients because we want to give
Our clients the benefit of the
clients because we want to give Our clients the benefit of the Fact that they are intelligent
our clients the benefit of the Fact that they are intelligent Enough to understand these
fact that they are intelligent Enough to understand these Concepts.
enough to understand these Concepts. We also explain to the clients,
concepts. We also explain to the clients, We explained this to the client
we also explain to the clients, We explained this to the client Because we want them to control
we explained this to the client Because we want them to control The transaction going into the
because we want them to control The transaction going into the Conversation with the lender and
the transaction going into the Conversation with the lender and Realtor, explaining what I want
conversation with the lender and Realtor, explaining what I want To spend on housing, not what
realtor, explaining what I want To spend on housing, not what You have pre-qualified me for,
to spend on housing, not what You have pre-qualified me for, Because you could pre-qualify
you have pre-qualified me for, Because you could pre-qualify For more than what you can
because you could pre-qualify For more than what you can Afford.
for more than what you can Afford. And you need to understand these
afford. And you need to understand these Concepts so that there‘s no bait
and you need to understand these Concepts so that there‘s no bait And switch going on.
concepts so that there‘s no bait And switch going on. There‘s no predatory activity
and switch going on. There‘s no predatory activity Going on, and there tends to be
there‘s no predatory activity Going on, and there tends to be Better service from an
going on, and there tends to be Better service from an Intellectual capacity.
better service from an Intellectual capacity. When a client understands these
intellectual capacity. When a client understands these Concepts.
when a client understands these Concepts. So our counseling services are
concepts. So our counseling services are Pretty extensive.
so our counseling services are Pretty extensive. The education is what it is, but
pretty extensive. The education is what it is, but The counseling services go into
the education is what it is, but The counseling services go into The mutia of this, and it can
the counseling services go into The mutia of this, and it can Be 2 to 3 hours because we want
the mutia of this, and it can Be 2 to 3 hours because we want You to understand these concepts
be 2 to 3 hours because we want You to understand these concepts And be an active participant.
you to understand these concepts And be an active participant. So with that understanding, the
and be an active participant. So with that understanding, the Loan to value has been reduced
so with that understanding, the Loan to value has been reduced To 80% and conventional
loan to value has been reduced To 80% and conventional Financing, no pmi, we did not
to 80% and conventional Financing, no pmi, we did not Use hoa because we don’t have
financing, no pmi, we did not Use hoa because we don’t have That information.
use hoa because we don’t have That information. But we do know the average hoa
that information. But we do know the average hoa In in texas and in austin.
but we do know the average hoa In in texas and in austin. So then the loan amount is
in in texas and in austin. So then the loan amount is 152,668, because the ltv is 75%
so then the loan amount is 152,668, because the ltv is 75% Versus what the loan amount
Would have been if the, the ltv
versus what the loan amount Would have been if the, the ltv Was, was, was higher.
would have been if the, the ltv Was, was, was higher. The pi is 990 20 property taxes
was, was, was higher. The pi is 990 20 property taxes Divided by 12358, insurance 84
the pi is 990 20 property taxes Divided by 12358, insurance 84 And the mortgage payment total
divided by 12358, insurance 84 And the mortgage payment total Housing payment is 1432, which
and the mortgage payment total Housing payment is 1432, which Is on par with rents.
housing payment is 1432, which Is on par with rents. It actually is lower than rents.
is on par with rents. It actually is lower than rents. Yeah.
it actually is lower than rents. Yeah. Right.
yeah. Right. So under this scenario, this
right. So under this scenario, this Down payment program is making
so under this scenario, this Down payment program is making It possible to transition
down payment program is making It possible to transition Renters to homeowners.
it possible to transition Renters to homeowners. >> for somebody who‘s at 65%, am
renters to homeowners. >> for somebody who‘s at 65%, am I correct?
>> that is correct.
And this is and I‘m glad that
You brought that to bear,
and this is and I‘m glad that You brought that to bear, Because this scenario at the
you brought that to bear, Because this scenario at the Very bottom in red lettering,
because this scenario at the Very bottom in red lettering, This scenario is based on
very bottom in red lettering, This scenario is based on Someone making 65% mfi.
this scenario is based on Someone making 65% mfi. So going back to the borrower
someone making 65% mfi. So going back to the borrower Side, the when she conveyed the
so going back to the borrower Side, the when she conveyed the Housing ratio, the housing ratio
side, the when she conveyed the Housing ratio, the housing ratio Was based on the mortgage
housing ratio, the housing ratio Was based on the mortgage Payment.
was based on the mortgage Payment. The total housing payment
payment. The total housing payment Divided by the gross monthly
the total housing payment Divided by the gross monthly Income.
divided by the gross monthly Income. So this person‘s housing ratio
income. So this person‘s housing ratio Is lower than the housing ratio
so this person‘s housing ratio Is lower than the housing ratio That‘s on this chart, which is
is lower than the housing ratio That‘s on this chart, which is 38%.
that‘s on this chart, which is 38%. This person‘s housing ratio was
28.22%.
this person‘s housing ratio was 28.22%. That is the percentage of their
Current gross monthly income
that is the percentage of their Current gross monthly income That‘s being used to to pay
current gross monthly income That‘s being used to to pay Housing.
that‘s being used to to pay Housing. So that‘s below the as a matter
housing. So that‘s below the as a matter Of fact, hud‘s housing ratio is
so that‘s below the as a matter Of fact, hud‘s housing ratio is Recommended that it.
of fact, hud‘s housing ratio is Recommended that it. Don‘t be that it‘s not greater
recommended that it. Don‘t be that it‘s not greater Than 30%.
don‘t be that it‘s not greater Than 30%. So this housing ratio is less
than 30%. So this housing ratio is less Than that 30% ratio.
so this housing ratio is less Than that 30% ratio. And it‘s much less than the
than that 30% ratio. And it‘s much less than the Standard.
and it‘s much less than the Standard. And then the debt to income
standard. And then the debt to income Ratio, 43%, which is the back
and then the debt to income Ratio, 43%, which is the back End ratio in this scenario,
ratio, 43%, which is the back End ratio in this scenario, Again, is less than the 43%.
end ratio in this scenario, Again, is less than the 43%. It‘s 385%.
again, is less than the 43%. It‘s 385%. So this is a healthy transaction
it‘s 385%. So this is a healthy transaction For borrower and it creates
so this is a healthy transaction For borrower and it creates Sustainability and it creates
for borrower and it creates Sustainability and it creates Affordability.
sustainability and it creates Affordability. And it also creates housing
affordability. And it also creates housing Stability.
and it also creates housing Stability. So that‘s the first scenario.
stability. So that‘s the first scenario. So yes sir.
so that‘s the first scenario. So yes sir. >> I like the process.
so yes sir. >> I like the process. I like the logic.
I‘m just looking at the housing
Prices.
200,000 $200,000.
prices. 200,000 $200,000. >> this is based on a scenario
Of $202,000.
And so when we looked at what
of $202,000. And so when we looked at what This person could afford and
and so when we looked at what This person could afford and What‘s available in the housing
this person could afford and What‘s available in the housing Market, they may be able to
what‘s available in the housing Market, they may be able to Afford a condo, a older condo or
market, they may be able to Afford a condo, a older condo or Condominium that is in an
afford a condo, a older condo or Condominium that is in an Affordable housing.
condominium that is in an Affordable housing. Structure program like.
affordable housing. Structure program like. Chestnut neighborhood, community
structure program like. Chestnut neighborhood, community River revitalization or mueller
chestnut neighborhood, community River revitalization or mueller Affordable housing program.
river revitalization or mueller Affordable housing program. It.
affordable housing program. It. It.
it. It. It may be that they‘re buying a
it. It may be that they‘re buying a Home or in austin community land
it may be that they‘re buying a Home or in austin community land Trust program.
home or in austin community land Trust program. By theay, the city of austin
trust program. By theay, the city of austin Is developing clts in a condo
by theay, the city of austin Is developing clts in a condo Structure.
is developing clts in a condo Structure. So this is within those
structure. So this is within those Structures.
so this is within those Structures. >> so I would be wanting to put
structures. >> so I would be wanting to put Together an asset map of places
That might because went through
together an asset map of places That might because went through This process a couple years ago
that might because went through This process a couple years ago With my oldest.
this process a couple years ago With my oldest. And to get to these dollars,
with my oldest. And to get to these dollars, They were in taylor.
and to get to these dollars, They were in taylor. So, so, but I would want to know
they were in taylor. So, so, but I would want to know If we are if, if, you know, you
so, so, but I would want to know If we are if, if, you know, you Gave me some context, I‘d want
if we are if, if, you know, you Gave me some context, I‘d want To know the developments in town
gave me some context, I‘d want To know the developments in town That would make this possible,
to know the developments in town That would make this possible, How far out we have to go.
that would make this possible, How far out we have to go. Do we have to go to the other
how far out we have to go. Do we have to go to the other Side of 183 or you mentioned
do we have to go to the other Side of 183 or you mentioned Chestnut that.
side of 183 or you mentioned Chestnut that. I mean, that‘s central east
chestnut that. I mean, that‘s central east Austin, but I‘d want I‘d want to
Be able to tell folks, okay,
austin, but I‘d want I‘d want to Be able to tell folks, okay, This is possible in these areas
be able to tell folks, okay, This is possible in these areas And these and, and, but I like
this is possible in these areas And these and, and, but I like The formula.
and these and, and, but I like The formula. I understand the logic.
the formula. I understand the logic. When I saw the numbers, I almost
Fell out of my chair, though.
when I saw the numbers, I almost Fell out of my chair, though. So I just.
fell out of my chair, though. So I just. So I just want to make sure
so I just. So I just want to make sure That, that, that we know that
so I just want to make sure That, that, that we know that We‘re thinking about spaces
that, that, that we know that We‘re thinking about spaces Where this can happen.
we‘re thinking about spaces Where this can happen. >> that‘s right.
where this can happen. >> that‘s right. That has been a challenge.
It is that has absolutely been a
that has been a challenge. It is that has absolutely been a Challenge.
it is that has absolutely been a Challenge. Do you think, joyce, just to be
challenge. Do you think, joyce, just to be Considerate of time, maybe we
do you think, joyce, just to be Considerate of time, maybe we Could ip over the 80% and talk
considerate of time, maybe we Could ip over the 80% and talk About the 50%.
could ip over the 80% and talk About the 50%. We scenario.
about the 50%. We scenario. So it‘ll tie into.
we scenario. So it‘ll tie into. >> absolutely.
so it‘ll tie into. >> absolutely. And just keep keep in mind that
This scenario would have created
and just keep keep in mind that This scenario would have created A, a larger sales price if the
this scenario would have created A, a larger sales price if the Down payment subsidy was
a, a larger sales price if the Down payment subsidy was Greater.
down payment subsidy was Greater. This was an example based on
greater. This was an example based on 5000.
this was an example based on 5000. If they had 75,000, that sales
Price may have looked like mid
if they had 75,000, that sales Price may have looked like mid $200,000.
price may have looked like mid $200,000. >> that‘s correct.
>> I also think given time, I
Don‘t know that we need to walk
Through another one.
don‘t know that we need to walk Through another one. Okay.
through another one. Okay. Because I mean, I sort of get.
okay. Because I mean, I sort of get. >> yeah.
because I mean, I sort of get. >> yeah. >> we.
>> got the form constructed it.
Yeah.
>> yeah, yeah.
yeah. >> yeah, yeah. Perfect.
But I‘m glad you were here to do
perfect. But I‘m glad you were here to do That.
but I‘m glad you were here to do That. >> yeah, exactly.
that. >> yeah, exactly. That was.
>> very expert.
that was. >> very expert. >> yeah.
>> thank you.
And I have a meeting at.
[laughter]
and I have a meeting at. [laughter] 530.
>> okay?
Okay.
okay. Okay. >> so, you know, framework cdc
okay. >> so, you know, framework cdc Has been around for 20 going on
24 years.
has been around for 20 going on 24 years. We incorporated in december
2004.
we incorporated in december 2004. We provide you can flip this
Slide for the sake of time.
we provide you can flip this Slide for the sake of time. Our mission is providing safe,
slide for the sake of time. Our mission is providing safe, Sustainable, decent, affordable
our mission is providing safe, Sustainable, decent, affordable Housing through education,
sustainable, decent, affordable Housing through education, Housing, counseling.
housing through education, Housing, counseling. Foreclosure prevention,
housing, counseling. Foreclosure prevention, Counseling.
foreclosure prevention, Counseling. We‘ve very successful in the
counseling. We‘ve very successful in the Foreclosure prevention
we‘ve very successful in the Foreclosure prevention Counseling, working with
foreclosure prevention Counseling, working with Mortgages, work with their
counseling, working with Mortgages, work with their Servicers to present a packet to
mortgages, work with their Servicers to present a packet to Underwriting.
servicers to present a packet to Underwriting. We know how to put those packets
underwriting. We know how to put those packets Together that they so that they
we know how to put those packets Together that they so that they Go straight to underwriting and
together that they so that they Go straight to underwriting and They are considered for
go straight to underwriting and They are considered for Restructuring the note through a
they are considered for Restructuring the note through a Mortgage modification for
restructuring the note through a Mortgage modification for Sustainability, we‘re able to
mortgage modification for Sustainability, we‘re able to Move forward with homeowners
sustainability, we‘re able to Move forward with homeowners With moratoriums and
move forward with homeowners With moratoriums and Forbearance, plan to give them
with moratoriums and Forbearance, plan to give them Time to get, you know, earn
forbearance, plan to give them Time to get, you know, earn Income or whatever the default
time to get, you know, earn Income or whatever the default Is.
income or whatever the default Is. So we‘re very successful in that
is. So we‘re very successful in that Space as well.
so we‘re very successful in that Space as well. Our program is low to moderate
space as well. Our program is low to moderate Income.
our program is low to moderate Income. And so we fit right into the
income. And so we fit right into the Income demographic for both
and so we fit right into the Income demographic for both Programs.
income demographic for both Programs. You can flip the slide please.
programs. You can flip the slide please. Thank you.
you can flip the slide please. Thank you. >> so much.
thank you. >> so much. It‘s great to know about you.
Are we referring people to you
it‘s great to know about you. Are we referring people to you Who are who we‘re coming across,
are we referring people to you Who are who we‘re coming across, Who are in danger of losing
who are who we‘re coming across, Who are in danger of losing Their homes, bankruptcy or
who are in danger of losing Their homes, bankruptcy or Foreclosure or whatever.
their homes, bankruptcy or Foreclosure or whatever. >> clients should be coming to
foreclosure or whatever. >> clients should be coming to Us for those services because we
Were told, we were told many,
us for those services because we Were told, we were told many, Many years by servicers that we
were told, we were told many, Many years by servicers that we Pretty much underwrite the loan.
many years by servicers that we Pretty much underwrite the loan. So when the loan gets to loss
pretty much underwrite the loan. So when the loan gets to loss Mitigation, it is passed and
so when the loan gets to loss Mitigation, it is passed and It‘s reviewed.
mitigation, it is passed and It‘s reviewed. Our packets go straight to
it‘s reviewed. Our packets go straight to Underwriting.
our packets go straight to Underwriting. Yeah.
underwriting. Yeah. So and that‘s because of the
yeah. So and that‘s because of the Strength of knowledge we have on
so and that‘s because of the Strength of knowledge we have on The front end.
strength of knowledge we have on The front end. We also have see what‘s there.
the front end. We also have see what‘s there. Okay.
we also have see what‘s there. Okay. So we do have a small rental
okay. So we do have a small rental Portfolio.
so we do have a small rental Portfolio. We purchased.
portfolio. We purchased. So we are a non profit real
we purchased. So we are a non profit real Estate corporation as well.
so we are a non profit real Estate corporation as well. And so we became a real estate
estate corporation as well. And so we became a real estate Corporation because in times of
and so we became a real estate Corporation because in times of Recession, when property values
corporation because in times of Recession, when property values Plummet, such as what happened
recession, when property values Plummet, such as what happened During the mortgage crisis in
plummet, such as what happened During the mortgage crisis in 2008, which led to the recession
during the mortgage crisis in 2008, which led to the recession Beuse of high financial
Deregulation, we wanted to go
beuse of high financial Deregulation, we wanted to go Into communities within central
deregulation, we wanted to go Into communities within central Texas and start acquiring single
into communities within central Texas and start acquiring single Family condominiums from banking
texas and start acquiring single Family condominiums from banking Institutions at low prices.
family condominiums from banking Institutions at low prices. These are clients that did not
institutions at low prices. These are clients that did not Know about our agency.
these are clients that did not Know about our agency. We wanted to prevent these
know about our agency. We wanted to prevent these Neighborhoods from becoming
we wanted to prevent these Neighborhoods from becoming Investor neighborhoods, and
neighborhoods from becoming Investor neighborhoods, and These neighborhoods being
investor neighborhoods, and These neighborhoods being Converted to rental communities,
these neighborhoods being Converted to rental communities, As opposed to homeownership
converted to rental communities, As opposed to homeownership Communities.
as opposed to homeownership Communities. We wanted to avoid vandalism and
communities. We wanted to avoid vandalism and Also help to keep some equity in
we wanted to avoid vandalism and Also help to keep some equity in The homes of those homeowners
also help to keep some equity in The homes of those homeowners Who still own their homes.
the homes of those homeowners Who still own their homes. And so we during that time, we
who still own their homes. And so we during that time, we Collaborated with several
and so we during that time, we Collaborated with several Financiers to to provide lines
collaborated with several Financiers to to provide lines Of credit with private
financiers to to provide lines Of credit with private Financing, banking institutions,
of credit with private Financing, banking institutions, Etc. And we negotiated with
financing, banking institutions, Etc. And we negotiated with These banking institutions to
etc. And we negotiated with These banking institutions to Either receive properties as
these banking institutions to Either receive properties as Donations or buy them pennies on
either receive properties as Donations or buy them pennies on The dollar we negotiated.
donations or buy them pennies on The dollar we negotiated. So we were buying properties
the dollar we negotiated. So we were buying properties $40,000, $60,000, condos at
so we were buying properties $40,000, $60,000, condos at $12,000, $25,000.
And we renovated those
Properties.
and we renovated those Properties. >> like a.
properties. >> like a. [laughter]
Superhero.
>> and we sold those properties
superhero. >> and we sold those properties We didn‘t have to list, although
We could have listed those
we didn‘t have to list, although We could have listed those Properties, we knew we were
we could have listed those Properties, we knew we were Going to sell those properties
properties, we knew we were Going to sell those properties On the market.
going to sell those properties On the market. So we kept them off the mls, not
on the market. So we kept them off the mls, not To misconstrue the cops.
so we kept them off the mls, not To misconstrue the cops. And we went to our database of
to misconstrue the cops. And we went to our database of Clients that graduated from our
and we went to our database of Clients that graduated from our Program, but they couldn‘t
clients that graduated from our Program, but they couldn‘t Afford during a high economic,
program, but they couldn‘t Afford during a high economic, High level economic industry or
afford during a high economic, High level economic industry or And we actually sent out a
high level economic industry or And we actually sent out a Solicitation of our properties.
and we actually sent out a Solicitation of our properties. And we got a boatload of clients
solicitation of our properties. And we got a boatload of clients That graduated.
and we got a boatload of clients That graduated. They came back, they retook the
that graduated. They came back, they retook the Class in counseling.
they came back, they retook the Class in counseling. We offered closing costs of 5 to
class in counseling. We offered closing costs of 5 to $8000.
we offered closing costs of 5 to $8000. We paid their owner title
Insurance policy.
we paid their owner title Insurance policy. We provided them with a home
insurance policy. We provided them with a home Warranty, and we sold the
we provided them with a home Warranty, and we sold the Property 5000 below what we
warranty, and we sold the Property 5000 below what we Could have listed it for so that
property 5000 below what we Could have listed it for so that They were buying a home with
could have listed it for so that They were buying a home with Equity.
they were buying a home with Equity. And, and then we actually did a,
equity. And, and then we actually did a, An assessment of what the
and, and then we actually did a, An assessment of what the Retention rate of those clients.
an assessment of what the Retention rate of those clients. And just to give you an example,
retention rate of those clients. And just to give you an example, We didn‘t we didn‘t provide
and just to give you an example, We didn‘t we didn‘t provide This.
we didn‘t we didn‘t provide This. But for example, in 2011, we
this. But for example, in 2011, we Sold a property to one of these
but for example, in 2011, we Sold a property to one of these Buyers at 131,000.
sold a property to one of these Buyers at 131,000. They still own the home, and the
buyers at 131,000. They still own the home, and the Home is worth $358,000.
they still own the home, and the Home is worth $358,000. >> wow.
home is worth $358,000. >> wow. Fabulous.
>> this is this is the way that
fabulous. >> this is this is the way that We wanted to create legacy.
And we wanted to create the
we wanted to create legacy. And we wanted to create the Opportunity for this to be an
and we wanted to create the Opportunity for this to be an Asset that can be transferred,
opportunity for this to be an Asset that can be transferred, Transferred from generation to
asset that can be transferred, Transferred from generation to Generation.
transferred from generation to Generation. We had a client that bought a
generation. We had a client that bought a Home in 2000, one of our homes
we had a client that bought a Home in 2000, one of our homes In 2013.
home in 2000, one of our homes In 2013. These homes were were purchased
in 2013. These homes were were purchased In austin.
these homes were were purchased In austin. So we bought homes in austin,
in austin. So we bought homes in austin, Bastrop del valley, and
so we bought homes in austin, Bastrop del valley, and Pflugerville, round rock and and
bastrop del valley, and Pflugerville, round rock and and Buda.
pflugerville, round rock and and Buda. So we focused on central texas.
buda. So we focused on central texas. We had a client that purchased a
so we focused on central texas. We had a client that purchased a Home in 20 13, $95,000.
we had a client that purchased a Home in 20 13, $95,000. When they sold the property in
home in 20 13, $95,000. When they sold the property in 2017, they sold it for 289,905.
when they sold the property in 2017, they sold it for 289,905. So and this is this was just a
Sampling out of the sampling of
so and this is this was just a Sampling out of the sampling of 38 homes.
sampling out of the sampling of 38 homes. We did a sampling of half and
More than half of these
we did a sampling of half and More than half of these Homeowners who bought between
more than half of these Homeowners who bought between 2011, 2012, 2013.
homeowners who bought between 2011, 2012, 2013. They still own their homes.
So that‘s a that‘s a very strong
they still own their homes. So that‘s a that‘s a very strong Statistic.
so that‘s a that‘s a very strong Statistic. And then without going over
statistic. And then without going over This, this is from hud, which
and then without going over This, this is from hud, which Conveys if a client goes through
this, this is from hud, which Conveys if a client goes through Homebuyer education, housing,
conveys if a client goes through Homebuyer education, housing, Counseling, you know, they end
homebuyer education, housing, Counseling, you know, they end Up, you know, managing the
counseling, you know, they end Up, you know, managing the Property, they are better
up, you know, managing the Property, they are better Savers.
property, they are better Savers. They understand the dynamics of
savers. They understand the dynamics of Keeping their home because the
they understand the dynamics of Keeping their home because the Counseling allowed them to learn
keeping their home because the Counseling allowed them to learn The discipline.
counseling allowed them to learn The discipline. With financial management, we
the discipline. With financial management, we Talk about various investment
with financial management, we Talk about various investment Products that they should
talk about various investment Products that they should Consider increasing the value of
products that they should Consider increasing the value of Their assets, their savings, and
consider increasing the value of Their assets, their savings, and Other products that they could
their assets, their savings, and Other products that they could Consider, and creating a savings
other products that they could Consider, and creating a savings For emergencies.
consider, and creating a savings For emergencies. So they go out with that
for emergencies. So they go out with that Understanding.
so they go out with that Understanding. And that‘s why we have the
understanding. And that‘s why we have the Outcomes with the buyers that we
and that‘s why we have the Outcomes with the buyers that we Had from our acquisition of
outcomes with the buyers that we Had from our acquisition of Rehabilitation program.
had from our acquisition of Rehabilitation program. So without further ado.
rehabilitation program. So without further ado. >> you have programs like this
so without further ado. >> you have programs like this For young people who believe
That they could never own a home
for young people who believe That they could never own a home Because they don‘t think they
that they could never own a home Because they don‘t think they Earn enough money.
because they don‘t think they Earn enough money. >> yeah.
earn enough money. >> yeah. >> I mean, we contact you and.
>> we literally, I mean, our
Clients, they couldn‘t believe
That this opportunity had had
clients, they couldn‘t believe That this opportunity had had Because unfortunately, a
that this opportunity had had Because unfortunately, a Recession is damaging to some,
because unfortunately, a Recession is damaging to some, But it becomes an opportunity
recession is damaging to some, But it becomes an opportunity For others, right?
but it becomes an opportunity For others, right? I mean, it just, you know, it
for others, right? I mean, it just, you know, it Kind of balances the scales.
So the folks that are sitting on
kind of balances the scales. So the folks that are sitting on The sideline, they now get to
so the folks that are sitting on The sideline, they now get to Come to the forefront and
the sideline, they now get to Come to the forefront and Realize the american dream.
come to the forefront and Realize the american dream. And we want to make sure that
realize the american dream. And we want to make sure that They understand that it‘s not
and we want to make sure that They understand that it‘s not Just attaining, but it‘s
they understand that it‘s not Just attaining, but it‘s Sustainability, because this is
just attaining, but it‘s Sustainability, because this is Your wealth, this is your asset
sustainability, because this is Your wealth, this is your asset And this is your legacy.
your wealth, this is your asset And this is your legacy. So that‘s our that‘s our theory.
and this is your legacy. So that‘s our that‘s our theory. >> thanks.
so that‘s our that‘s our theory. >> thanks. >> so without further ado, I‘ll.
>> turn it back over to.
>> excellent.
>> and thank you.
I‘ll pass the.
Thank you.
Pass it on to to brenda.
thank you. Pass it on to to brenda. Thank you joyce.
pass it on to to brenda. Thank you joyce. >> thank you.
thank you joyce. >> thank you. Good afternoon commissioners.
I will give a brief overview on
good afternoon commissioners. I will give a brief overview on The family self-sufficiency
Program at hatzi.
the family self-sufficiency Program at hatzi. It is a voluntary program.
program at hatzi. It is a voluntary program. It‘s a five year commitment.
it is a voluntary program. It‘s a five year commitment. And the families have to set
it‘s a five year commitment. And the families have to set Goals with an itsp.
and the families have to set Goals with an itsp. And that‘s an individual
goals with an itsp. And that‘s an individual Training and services plan.
and that‘s an individual Training and services plan. So some of the support that the
training and services plan. So some of the support that the Participants receive, it‘s
so some of the support that the Participants receive, it‘s Related to their goals, which
participants receive, it‘s Related to their goals, which Could be employment, education
related to their goals, which Could be employment, education And training, financial
could be employment, education And training, financial Resources and childcare
and training, financial Resources and childcare Assistance.
resources and childcare Assistance. Those are just some of the few.
assistance. Those are just some of the few. The way the program works, once
those are just some of the few. The way the program works, once The participant enrolls into the
the way the program works, once The participant enrolls into the Family self-sufficiency program,
the participant enrolls into the Family self-sufficiency program, Whatever their income is during
family self-sufficiency program, Whatever their income is during That time, that‘s going to be
whatever their income is during That time, that‘s going to be Their baseline.
that time, that‘s going to be Their baseline. And as their income grows due to
their baseline. And as their income grows due to Employment, they can potentially
and as their income grows due to Employment, they can potentially Earn an escrow credit.
employment, they can potentially Earn an escrow credit. So then the participants can
earn an escrow credit. So then the participants can Have, you know, a really good
so then the participants can Have, you know, a really good Amount of savings after their
have, you know, a really good Amount of savings after their Five year contract.
amount of savings after their Five year contract. And often they use that savings
five year contract. And often they use that savings To pursue homeownership.
and often they use that savings To pursue homeownership. Next slide please.
to pursue homeownership. Next slide please. The family self-sufficiency
next slide please. The family self-sufficiency Program at hatzi.
the family self-sufficiency Program at hatzi. It‘s quite new.
program at hatzi. It‘s quite new. It launched last year, april 1st
it‘s quite new. It launched last year, april 1st Of 2025.
it launched last year, april 1st Of 2025. And right now we have 30
of 2025. And right now we have 30 Participants that are currently
and right now we have 30 Participants that are currently Enrolled and they‘re working on
participants that are currently Enrolled and they‘re working on Goals.
enrolled and they‘re working on Goals. A lot of them are pursuing
goals. A lot of them are pursuing Education, college degrees or
a lot of them are pursuing Education, college degrees or Starting off with, you know,
education, college degrees or Starting off with, you know, Obtaining their ged, which is
starting off with, you know, Obtaining their ged, which is Really important.
obtaining their ged, which is Really important. Others are already repairing
really important. Others are already repairing Their credit, and they‘re on the
others are already repairing Their credit, and they‘re on the Path to homeownership.
their credit, and they‘re on the Path to homeownership. So I very grateful for this
path to homeownership. So I very grateful for this Opportunity.
so I very grateful for this Opportunity. The 11 out of the 30
opportunity. The 11 out of the 30 Participants are currently
the 11 out of the 30 Participants are currently Earning escrow, meaning that
participants are currently Earning escrow, meaning that They have increased their earned
earning escrow, meaning that They have increased their earned Income due to employment.
they have increased their earned Income due to employment. And that has been an annual
income due to employment. And that has been an annual Income increase of about over
and that has been an annual Income increase of about over $14,000.
income increase of about over $14,000. And they‘re building financial
Stability right now while
and they‘re building financial Stability right now while They‘re in the program.
stability right now while They‘re in the program. And they‘ll continue to accrue
they‘re in the program. And they‘ll continue to accrue Escrow if they continue to raise
and they‘ll continue to accrue Escrow if they continue to raise Their earned income.
escrow if they continue to raise Their earned income. Now, I was looking through our
their earned income. Now, I was looking through our Data, and I‘m happy to report
now, I was looking through our Data, and I‘m happy to report That 19 of the 30 participants
data, and I‘m happy to report That 19 of the 30 participants That are currently enrolled are
that 19 of the 30 participants That are currently enrolled are Interested in pursuing
that are currently enrolled are Interested in pursuing Homeownership, and that is one
interested in pursuing Homeownership, and that is one Of their main goals.
homeownership, and that is one Of their main goals. And also the employment goal.
of their main goals. And also the employment goal. So they are actively working on
and also the employment goal. So they are actively working on This homeownership goal by
so they are actively working on This homeownership goal by Preparing by preparing their
this homeownership goal by Preparing by preparing their Credit and by building savings
preparing by preparing their Credit and by building savings And the savings.
credit and by building savings And the savings. It‘s escrow savings, and it‘s
and the savings. It‘s escrow savings, and it‘s Their own personal savings.
it‘s escrow savings, and it‘s Their own personal savings. So then this makes me so happy
their own personal savings. So then this makes me so happy Because I believe that this
so then this makes me so happy Because I believe that this Program, it‘s we‘re bridging to
because I believe that this Program, it‘s we‘re bridging to Homeownership with the down
program, it‘s we‘re bridging to Homeownership with the down Payment assistance, the escrow
homeownership with the down Payment assistance, the escrow Savings and the personal
payment assistance, the escrow Savings and the personal Savings.
savings and the personal Savings. It reduces the upfront cost
savings. It reduces the upfront cost Barriers and accelerates the
it reduces the upfront cost Barriers and accelerates the Path to homeownership.
barriers and accelerates the Path to homeownership. Thank you so much for your time,
path to homeownership. Thank you so much for your time, Commissioners.
thank you so much for your time, Commissioners. >> and this is a 30 participants
commissioners. >> and this is a 30 participants Who are residents of hatzi
Housing now.
who are residents of hatzi Housing now. >> yes, ma‘am.
housing now. >> yes, ma‘am. >> so 19 of them, 19 of the 30
Qualified or expressed an
Interest.
qualified or expressed an Interest. >> 19 of them have homeownership
interest. >> 19 of them have homeownership As their goal on their contract
At the moment.
as their goal on their contract At the moment. And they‘re actively working on
at the moment. And they‘re actively working on Repairing their credit or
and they‘re actively working on Repairing their credit or Increasing their earned income,
repairing their credit or Increasing their earned income, Just getting connected to
increasing their earned income, Just getting connected to Resources to improve their
just getting connected to Resources to improve their Situation.
resources to improve their Situation. >> when you say on their
situation. >> when you say on their Contract, that‘s their housing
Contract.
contract, that‘s their housing Contract. >> it‘s a contract with the
contract. >> it‘s a contract with the Family self-sufficiency program.
>> so they‘re in that program to
family self-sufficiency program. >> so they‘re in that program to Just improve their financial
Literacy.
just improve their financial Literacy. And about more than half have
literacy. And about more than half have Identified homeownership.
and about more than half have Identified homeownership. Yes.
identified homeownership. Yes. That‘s great.
yes. That‘s great. >> well, that‘s.
that‘s great. >> well, that‘s. >> it‘s very positive feedback
From you.
All this really kind of makes
from you. All this really kind of makes You change your, your mind about
all this really kind of makes You change your, your mind about All the bad stories that are
you change your, your mind about All the bad stories that are Going on.
all the bad stories that are Going on. And this is very, very, very
going on. And this is very, very, very Good.
and this is very, very, very Good. Thank you all so much.
good. Thank you all so much. >> thank you.
thank you all so much. >> thank you. So my question is, do you have
To live in hatzi in order to
so my question is, do you have To live in hatzi in order to Participate in this program?
to live in hatzi in order to Participate in this program? >> yes, sir.
participate in this program? >> yes, sir. You do need to be a hatzi
Resident under the housing
you do need to be a hatzi Resident under the housing Choice voucher program or the
resident under the housing Choice voucher program or the Pbra.
choice voucher program or the Pbra. Those are the folks that live at
pbra. Those are the folks that live at The hatzi properties.
those are the folks that live at The hatzi properties. >> so are there any comparable
the hatzi properties. >> so are there any comparable Programs for folks who are not
Residents?
programs for folks who are not Residents? And, and hatzi?
residents? And, and hatzi? I see a lot of kids coming out
and, and hatzi? I see a lot of kids coming out Of coming out of college and,
You know, and have not been
of coming out of college and, You know, and have not been Trained, have not been taught.
you know, and have not been Trained, have not been taught. But you know what the ratios
trained, have not been taught. But you know what the ratios Look like, what you need to do,
but you know what the ratios Look like, what you need to do, How you prere.
look like, what you need to do, How you prere. I mean, I would be interested in
how you prere. I mean, I would be interested in Seeing some of our school to
Work folks who, you know, I, if
seeing some of our school to Work folks who, you know, I, if I qualify to get an entry level
work folks who, you know, I, if I qualify to get an entry level Job at samsung or tesla or what
Is available to me, if that
job at samsung or tesla or what Is available to me, if that Happens.
is available to me, if that Happens. So I‘m just interested in.
happens. So I‘m just interested in. >> we do have that commissioner.
so I‘m just interested in. >> we do have that commissioner. I can actually talk about that
After I get to this slide, if
That‘s okay.
after I get to this slide, if That‘s okay. Okay.
that‘s okay. Okay. Sure.
okay. Sure. Okay.
sure. Okay. So I‘m not going to talk about
okay. So I‘m not going to talk about The program because I know we
so I‘m not going to talk about The program because I know we Are we are really pressed for
the program because I know we Are we are really pressed for Time.
are we are really pressed for Time. Just know that we have about
time. Just know that we have about $147,000 right now that we have
just know that we have about $147,000 right now that we have Available to provide to chodos.
We‘re going to stand this
available to provide to chodos. We‘re going to stand this Component of the home program up
we‘re going to stand this Component of the home program up After we stand up the dpa.
component of the home program up After we stand up the dpa. So it‘s coming in the fall.
after we stand up the dpa. So it‘s coming in the fall. Next slide.
so it‘s coming in the fall. Next slide. So to your point, commissioner
next slide. So to your point, commissioner Travillion, we provided on slide
so to your point, commissioner Travillion, we provided on slide 31 for you all some scenarios.
travillion, we provided on slide 31 for you all some scenarios. Brenda‘s program is specific to
Clients that are in the fss
brenda‘s program is specific to Clients that are in the fss Program that are seeking
clients that are in the fss Program that are seeking Homeownership.
program that are seeking Homeownership. But the first column that says
homeownership. But the first column that says Client origination is for anyone
but the first column that says Client origination is for anyone Seeking homeowrship.
client origination is for anyone Seeking homeowrship. So I‘m not going to read all of
seeking homeowrship. So I‘m not going to read all of This, but the goal of these
so I‘m not going to read all of This, but the goal of these Scenarios is so anyone can
this, but the goal of these Scenarios is so anyone can Understand when we launch the
scenarios is so anyone can Understand when we launch the Program, how the program is
understand when we launch the Program, how the program is Intended to operate.
program, how the program is Intended to operate. If you are a client and you call
intended to operate. If you are a client and you call Anybody at this table or you go
if you are a client and you call Anybody at this table or you go To your lender, whomever, the
anybody at this table or you go To your lender, whomever, the Goal is that you first submit
to your lender, whomever, the Goal is that you first submit The down payment assistance
goal is that you first submit The down payment assistance Interest form.
the down payment assistance Interest form. We‘re going to give you the
interest form. We‘re going to give you the Flier, and then you have to go
we‘re going to give you the Flier, and then you have to go To framework cdc to meet the
flier, and then you have to go To framework cdc to meet the Prerequisites, homebuyer
to framework cdc to meet the Prerequisites, homebuyer Education, housing, counseling,
prerequisites, homebuyer Education, housing, counseling, And mortgage readiness.
education, housing, counseling, And mortgage readiness. You talked about the
and mortgage readiness. You talked about the Understanding, the ratios and
you talked about the Understanding, the ratios and All the requirements.
understanding, the ratios and All the requirements. That‘s the value of what
all the requirements. That‘s the value of what Framework cdc does.
that‘s the value of what Framework cdc does. So that‘s available to anyone
framework cdc does. So that‘s available to anyone Regardless of.
so that‘s available to anyone Regardless of. And even if they‘re in, even if
regardless of. And even if they‘re in, even if They‘re not trying to seek our
and even if they‘re in, even if They‘re not trying to seek our Down payment assistance funds,
they‘re not trying to seek our Down payment assistance funds, The housing counseling component
down payment assistance funds, The housing counseling component Is the answer to your question.
the housing counseling component Is the answer to your question. Commissioner travillion our
is the answer to your question. Commissioner travillion our Funds are only available to
commissioner travillion our Funds are only available to Those that fall between that 50
funds are only available to Those that fall between that 50 To 80% ami.
those that fall between that 50 To 80% ami. Okay, so the second column is
to 80% ami. Okay, so the second column is Hatzi origination, meaning if
okay, so the second column is Hatzi origination, meaning if They‘re in brenda‘s program,
hatzi origination, meaning if They‘re in brenda‘s program, That‘s what they‘re going to
they‘re in brenda‘s program, That‘s what they‘re going to Experience.
that‘s what they‘re going to Experience. If they start or originate in
experience. If they start or originate in Joyce‘s pipeline, she already
if they start or originate in Joyce‘s pipeline, she already Has a lot of clients that are
joyce‘s pipeline, she already Has a lot of clients that are Seeking homeownership and most
has a lot of clients that are Seeking homeownership and most Oftentimes down payment
seeking homeownership and most Oftentimes down payment Assistance is the barrier to
oftentimes down payment Assistance is the barrier to Homeownership.
assistance is the barrier to Homeownership. So that scenario outlines what
homeownership. So that scenario outlines what Joyce would have to do to get
so that scenario outlines what Joyce would have to do to get Her clients that are already in
joyce would have to do to get Her clients that are already in The pipeline prepared for our
her clients that are already in The pipeline prepared for our Dpa funds.
the pipeline prepared for our Dpa funds. And then lastly, we know that
dpa funds. And then lastly, we know that We‘re going to have folks that
and then lastly, we know that We‘re going to have folks that Are going to bypass all of us
we‘re going to have folks that Are going to bypass all of us And go straight to their lender.
are going to bypass all of us And go straight to their lender. We‘re hoping that the folks that
and go straight to their lender. We‘re hoping that the folks that Are in our lender partner
we‘re hoping that the folks that Are in our lender partner Program will say, hey, looking
are in our lender partner Program will say, hey, looking At your income, I think, you
program will say, hey, looking At your income, I think, you Know, you really can‘t afford
at your income, I think, you Know, you really can‘t afford This house, but you look like
know, you really can‘t afford This house, but you look like You‘re eligible for the county‘s
this house, but you look like You‘re eligible for the county‘s Program.
you‘re eligible for the county‘s Program. Here‘s what you have to do.
program. Here‘s what you have to do. That‘s the last scenario.
here‘s what you have to do. That‘s the last scenario. So that‘s the way that we laid
that‘s the last scenario. So that‘s the way that we laid It out, to try to make sure that
so that‘s the way that we laid It out, to try to make sure that We could effectively communicate
it out, to try to make sure that We could effectively communicate What somebody would experience
we could effectively communicate What somebody would experience In a variety of scenarios.
what somebody would experience In a variety of scenarios. Next slide.
in a variety of scenarios. Next slide. So we‘re expecting that we‘re
next slide. So we‘re expecting that we‘re Going to have two types of
so we‘re expecting that we‘re Going to have two types of Clients a long term client and a
going to have two types of Clients a long term client and a Short term client.
clients a long term client and a Short term client. Long term folks are the folks
short term client. Long term folks are the folks That are going to be we‘re going
long term folks are the folks That are going to be we‘re going To be in the trenches with them.
that are going to be we‘re going To be in the trenches with them. When I say we framework, cdc
to be in the trenches with them. When I say we framework, cdc Will be in the trenches with
when I say we framework, cdc Will be in the trenches with Them, helping them build their
will be in the trenches with Them, helping them build their Credit, helping them save their
them, helping them build their Credit, helping them save their Money, helping them understand
credit, helping them save their Money, helping them understand The principles of homeownership.
money, helping them understand The principles of homeownership. Those folks are going to take a
the principles of homeownership. Those folks are going to take a Little bit of time.
those folks are going to take a Little bit of time. The short term clients are
little bit of time. The short term clients are People that we think are already
the short term clients are People that we think are already Mortgage ready.
people that we think are already Mortgage ready. They could be in joyce‘s
mortgage ready. They could be in joyce‘s Pipeline already, or they could
they could be in joyce‘s Pipeline already, or they could Already be talking to their
pipeline already, or they could Already be talking to their Lender, but they have to wait
already be talking to their Lender, but they have to wait Because they can‘t afford it,
lender, but they have to wait Because they can‘t afford it, Because they don‘t have the down
because they can‘t afford it, Because they don‘t have the down Payment.
because they don‘t have the down Payment. So if they are a short term
payment. So if they are a short term Client, before you gain access
so if they are a short term Client, before you gain access To the county‘s funds, you still
client, before you gain access To the county‘s funds, you still Have to do homebuyer education,
to the county‘s funds, you still Have to do homebuyer education, Housing, counseling, and meet
have to do homebuyer education, Housing, counseling, and meet Our mortgage readiness
housing, counseling, and meet Our mortgage readiness Checklist.
our mortgage readiness Checklist. When those things happen, then
checklist. When those things happen, then You can apply.
when those things happen, then You can apply. Your lender can apply for the
you can apply. Your lender can apply for the The program.
your lender can apply for the The program. Next slide.
the program. Next slide. So this gets us to the.
next slide. So this gets us to the. We are literally at the end.
so this gets us to the. We are literally at the end. Sohat will transition us to
we are literally at the end. Sohat will transition us to The foundational documents.
sohat will transition us to The foundational documents. The homeowner agreement is a
the foundational documents. The homeowner agreement is a Requirement by the program, and
the homeowner agreement is a Requirement by the program, and We are nearing completion.
requirement by the program, and We are nearing completion. With that, we‘ve been working
we are nearing completion. With that, we‘ve been working Tirelessly with our colleagues
with that, we‘ve been working Tirelessly with our colleagues In the county attorney‘s office.
tirelessly with our colleagues In the county attorney‘s office. Special thank you to chris
in the county attorney‘s office. Special thank you to chris Gilmore, who‘s been working with
special thank you to chris Gilmore, who‘s been working with Us on this.
gilmore, who‘s been working with Us on this. And the deed of trust.
us on this. And the deed of trust. Forgivable note, promissory
and the deed of trust. Forgivable note, promissory Note, escrow instructions for
forgivable note, promissory Note, escrow instructions for The title companies.
note, escrow instructions for The title companies. We have all of that stuff
the title companies. We have all of that stuff Nearing completion.
we have all of that stuff Nearing completion. All those foundational documents
nearing completion. All those foundational documents Are in completion.
all those foundational documents Are in completion. So when an application comes in,
are in completion. So when an application comes in, That‘s going to trigger us
so when an application comes in, That‘s going to trigger us Contacting the county attorney‘s
that‘s going to trigger us Contacting the county attorney‘s Office, because the county
contacting the county attorney‘s Office, because the county Attorney‘s office will
office, because the county Attorney‘s office will Facilitate all of the execution
attorney‘s office will Facilitate all of the execution Of all the legal documents.
facilitate all of the execution Of all the legal documents. And the auditor‘s office
of all the legal documents. And the auditor‘s office Obviously will facilitate the
and the auditor‘s office Obviously will facilitate the Transaction between travis
obviously will facilitate the Transaction between travis County and the title comnies
transaction between travis County and the title comnies For the escrow.
county and the title comnies For the escrow. Next slide.
for the escrow. Next slide. >> when you say when an
next slide. >> when you say when an Application comes in, is this
Through frameworks or through
application comes in, is this Through frameworks or through Travis county.
through frameworks or through Travis county. >> or it‘s going to be our
travis county. >> or it‘s going to be our Application.
So the lenders are the ones that
application. So the lenders are the ones that Are going to submit the
so the lenders are the ones that Are going to submit the Application.
are going to submit the Application. So in any scenario, if we‘ll go
application. So in any scenario, if we‘ll go Back a few slides to the the
so in any scenario, if we‘ll go Back a few slides to the the Client scenario, in any
back a few slides to the the Client scenario, in any Scenario, once somebody meets
client scenario, in any Scenario, once somebody meets The mortgage readiness checklist
scenario, once somebody meets The mortgage readiness checklist And they go to their lender
the mortgage readiness checklist And they go to their lender Saying, I would like to apply
and they go to their lender Saying, I would like to apply For a mortgage loan to buy this
saying, I would like to apply For a mortgage loan to buy this House, that this is my dream
for a mortgage loan to buy this House, that this is my dream Home.
house, that this is my dream Home. At the very bottom of that,
home. At the very bottom of that, You‘ll see that there in blue,
at the very bottom of that, You‘ll see that there in blue, It says the lender will submit
you‘ll see that there in blue, It says the lender will submit The county dpa application
it says the lender will submit The county dpa application Application with the buyer
the county dpa application Application with the buyer Consent.
application with the buyer Consent. We want the lenders to submit
consent. We want the lenders to submit That application, so the lenders
we want the lenders to submit That application, so the lenders Will submit the application.
that application, so the lenders Will submit the application. It‘ll have to be signed.
will submit the application. It‘ll have to be signed. We‘re still setting up, and I‘m
it‘ll have to be signed. We‘re still setting up, and I‘m Going to show you a screenshot
we‘re still setting up, and I‘m Going to show you a screenshot In just a moment.
going to show you a screenshot In just a moment. But we are still setting up the
in just a moment. But we are still setting up the Application, but the lender is
but we are still setting up the Application, but the lender is Going to submit the application.
application, but the lender is Going to submit the application. And that‘s what triggers the
going to submit the application. And that‘s what triggers the Discussion with the county
and that‘s what triggers the Discussion with the county Attorney‘s office, because we‘re
discussion with the county Attorney‘s office, because we‘re Going to have to meet with them
attorney‘s office, because we‘re Going to have to meet with them And the buyer to do the
going to have to meet with them And the buyer to do the Homeowner agreement and all the
and the buyer to do the Homeowner agreement and all the Legal documents.
homeowner agreement and all the Legal documents. >> I‘m trying to understand the
legal documents. >> I‘m trying to understand the Process of the steps, because it
Sounded like people would have
process of the steps, because it Sounded like people would have To have gone through a homeowner
sounded like people would have To have gone through a homeowner Education, like through
to have gone through a homeowner Education, like through Frameworks or some similar
education, like through Frameworks or some similar Organization.
frameworks or some similar Organization. That‘s correct.
organization. That‘s correct. In order to even qualify for any
that‘s correct. In order to even qualify for any Of this.
in order to even qualify for any Of this. But I don‘t see that at the
of this. But I don‘t see that at the Beginning.
but I don‘t see that at the Beginning. And when I looked at frameworks
beginning. And when I looked at frameworks Online, the fee to register for
and when I looked at frameworks Online, the fee to register for Their online homebuyer education
online, the fee to register for Their online homebuyer education Class is $100.
their online homebuyer education Class is $100. So is that essentially the first
class is $100. So is that essentially the first Step?
so is that essentially the first Step? Someone would need to register
step? Someone would need to register And do that before they could
someone would need to register And do that before they could Begin the application process?
and do that before they could Begin the application process? >> great question.
begin the application process? >> great question. So we have a our subrecipient
Agreement is going to be funded
so we have a our subrecipient Agreement is going to be funded To fund up to ten clients
agreement is going to be funded To fund up to ten clients Through general fund, because
to fund up to ten clients Through general fund, because Home only allows us to pay for
through general fund, because Home only allows us to pay for Housing counseling services.
home only allows us to pay for Housing counseling services. Once a client closes.
housing counseling services. Once a client closes. So as a part of my pb for
once a client closes. So as a part of my pb for Actually I didn‘t do a pb 4pb5
so as a part of my pb for Actually I didn‘t do a pb 4pb5 For this, but as a part of
actually I didn‘t do a pb 4pb5 For this, but as a part of Utilizing some existing funds,
for this, but as a part of Utilizing some existing funds, General funds, I‘m setting aside
utilizing some existing funds, General funds, I‘m setting aside Some funds for the housing
general funds, I‘m setting aside Some funds for the housing Counseling component.
some funds for the housing Counseling component. That is correct.
counseling component. That is correct. >> but I thought they couldn‘t
that is correct. >> but I thought they couldn‘t Qualify and they couldn‘t close
Until they‘d had that class.
qualify and they couldn‘t close Until they‘d had that class. >> so so so the difference is,
until they‘d had that class. >> so so so the difference is, Is that they still have to go
Through the training.
is that they still have to go Through the training. Joyce offers, the offers, the
through the training. Joyce offers, the offers, the Training, and I believe that.
joyce offers, the offers, the Training, and I believe that. I don‘t know if they provide you
training, and I believe that. I don‘t know if they provide you Provide all of your clients have
To pay the fee or is there like
provide all of your clients have To pay the fee or is there like An income eligibility threshold?
to pay the fee or is there like An income eligibility threshold? >> to pay the fee?
an income eligibility threshold? >> to pay the fee? >> okay.
So so all clients still have to
Go through framework cdc.
so so all clients still have to Go through framework cdc. We are going to pay for clients
go through framework cdc. We are going to pay for clients That are interested in our down
we are going to pay for clients That are interested in our down Payment assistance program.
that are interested in our down Payment assistance program. We are going to provide a a fee
payment assistance program. We are going to provide a a fee To framework cdc.
we are going to provide a a fee To framework cdc. Once a client is eligible, once
to framework cdc. Once a client is eligible, once A client actually meets the
once a client is eligible, once A client actually meets the Mortgage readiness thresholds.
a client actually meets the Mortgage readiness thresholds. >> and I thought part of meeting
mortgage readiness thresholds. >> and I thought part of meeting The mortgage readiness was to
Have done this class.
the mortgage readiness was to Have done this class. >> it is.
have done this class. >> it is. >> so how can they meet the
Mortgage readiness and then get
The assistance to take the
mortgage readiness and then get The assistance to take the Class?
the assistance to take the Class? So that‘s what I understood you
class? So that‘s what I understood you To just describe.
so that‘s what I understood you To just describe. >> maybe you‘re.
to just describe. >> maybe you‘re. >> right.
You‘re right.
So you‘re asking us if we‘re
you‘re right. So you‘re asking us if we‘re Going to pay for the class in
so you‘re asking us if we‘re Going to pay for the class in Advance.
going to pay for the class in Advance. We‘re not.
advance. We‘re not. And that may be something that
we‘re not. And that may be something that Joyce and I will have to work
and that may be something that Joyce and I will have to work Out, but they have to take the
joyce and I will have to work Out, but they have to take the Homebuyer education and the
out, but they have to take the Homebuyer education and the Housing counseling and meet
homebuyer education and the Housing counseling and meet Mortgage readiness before they
housing counseling and meet Mortgage readiness before they Can actually submit the
mortgage readiness before they Can actually submit the Application.
can actually submit the Application. But but you are.
application. But but you are. >> but it sounds so it sounds
but but you are. >> but it sounds so it sounds Like on the flowchart that it
Should be made clear to the
like on the flowchart that it Should be made clear to the Public that they have to take
should be made clear to the Public that they have to take The mortgage readiness class
public that they have to take The mortgage readiness class First.
the mortgage readiness class First. >> but.
first. >> but. >> they have to take the
Homebuyer education.
>> class homebuyer ready?
homebuyer education. >> class homebuyer ready? Yes, ma‘am.
>> for the c, d, f I could
yes, ma‘am. >> for the c, d, f I could Sponsor that and pay and pay for
That fee for them.
sponsor that and pay and pay for That fee for them. Could they not a c.
that fee for them. Could they not a c. >> maybe a reimbursement if they
could they not a c. >> maybe a reimbursement if they Complete the class.
>> yeah.
complete the class. >> yeah. I mean they‘re, they‘re.
>> they‘ve got.
>> some stake.
>> in.
>> it that that may be a little
Nuance that we need to work out.
I think it‘s a, I think that‘s a
nuance that we need to work out. I think it‘s a, I think that‘s a Valid that‘s a valid question
That you asked.
valid that‘s a valid question That you asked. Commissioner shea.
that you asked. Commissioner shea. So, you know, we we are not
commissioner shea. So, you know, we we are not Intending for our clients to
so, you know, we we are not Intending for our clients to Have to pay for the fee.
intending for our clients to Have to pay for the fee. So that‘ll be something that
have to pay for the fee. So that‘ll be something that Will work out before we execute
so that‘ll be something that Will work out before we execute Our contract with framework cdc.
will work out before we execute Our contract with framework cdc. >> so, you know, as always, I‘m
our contract with framework cdc. >> so, you know, as always, I‘m Looking for an asset map.
Okay.
looking for an asset map. Okay. Identifying the entities that
okay. Identifying the entities that That do participate at each
identifying the entities that That do participate at each Level and then thinking about
that do participate at each Level and then thinking about Places that would be most
level and then thinking about Places that would be most Effective to find people to
places that would be most Effective to find people to Train once again to community
effective to find people to Train once again to community Institutions.
train once again to community Institutions. When we‘re talking about
institutions. When we‘re talking about Churches and we‘re talking about
when we‘re talking about Churches and we‘re talking about Fraternities and sororities,
churches and we‘re talking about Fraternities and sororities, We‘re talking about places where
fraternities and sororities, We‘re talking about places where You have a captive audience, but
we‘re talking about places where You have a captive audience, but They‘re not aware of what‘s
you have a captive audience, but They‘re not aware of what‘s Available.
they‘re not aware of what‘s Available. >> absolutely.
available. >> absolutely. >> I mean, you know, I would say
98% of austin doesn‘t kno about
This.
>> yeah.
this. >> yeah. >> I‘m excited about the
Creation of this program, but
I‘d want it to be successful and
creation of this program, but I‘d want it to be successful and Not have a situation where
People don‘t understand clearly
not have a situation where People don‘t understand clearly That they first have to do this
people don‘t understand clearly That they first have to do this Education class at the very
that they first have to do this Education class at the very Beginning, and that there‘s a
education class at the very Beginning, and that there‘s a Fee.
beginning, and that there‘s a Fee. >> yeah, that that‘s well, but
fee. >> yeah, that that‘s well, but We‘re going to pay the fee.
It‘s just the timing of us
we‘re going to pay the fee. It‘s just the timing of us Paying the fee.
it‘s just the timing of us Paying the fee. So.
paying the fee. So. >> well.
so. >> well. >> yeah, the way you described
The timing, it doesn‘t work
Fair.
the timing, it doesn‘t work Fair. >> fair enough.
fair. >> fair enough. Well, that‘s a that‘s a nuance,
Commissioner, that we will work
well, that‘s a that‘s a nuance, Commissioner, that we will work Out before we launch the
commissioner, that we will work Out before we launch the Program.
out before we launch the Program. >> I mean, they‘re getting like
program. >> I mean, they‘re getting like $50,000 or something.
They got.
>> I realize it‘s a.
they got. >> I realize it‘s a. >> small thing.
>> work it.
I‘m thrilled that you‘re looking
At ways to make this stuff
Available to people.
at ways to make this stuff Available to people. I just want it.
available to people. I just want it. I don‘t want us to create
Expectations that we can‘t meet,
Or where people will be
expectations that we can‘t meet, Or where people will be Frustrated.
or where people will be Frustrated. >> and absolutely.
frustrated. >> and absolutely. >> because what we what we
Understand is, look, I look at
That and I say, well, now
understand is, look, I look at That and I say, well, now That‘s, that is too good to be
that and I say, well, now That‘s, that is too good to be True.
that‘s, that is too good to be True. And how and how could it?
true. And how and how could it? And unless you‘ve got examples
and how and how could it? And unless you‘ve got examples And unless you‘ve got a
and unless you‘ve got examples And unless you‘ve got a Portfolio so that we can explain
and unless you‘ve got a Portfolio so that we can explain To folks, unless we find you in
portfolio so that we can explain To folks, unless we find you in A place that I trust.
to folks, unless we find you in A place that I trust. >> well, that‘s where working
a place that I trust. >> well, that‘s where working Through hats, working through
Our existing housing programs,
through hats, working through Our existing housing programs, Where we know people need help,
our existing housing programs, Where we know people need help, Where we identify through
where we know people need help, Where we identify through Whatever application process, if
where we identify through Whatever application process, if They have an interest in trying
whatever application process, if They have an interest in trying To be able to buy a house in the
they have an interest in trying To be able to buy a house in the Future, we‘ve got to trusted
to be able to buy a house in the Future, we‘ve got to trusted Relationship with them through
future, we‘ve got to trusted Relationship with them through The housing they‘re currently
relationship with them through The housing they‘re currently Accessing.
the housing they‘re currently Accessing. >> I get it, but I‘ve got a
accessing. >> I get it, but I‘ve got a Couple a few kids in my in my
Neighborhood, and they, they
couple a few kids in my in my Neighborhood, and they, they Didn‘t go to college, but they
neighborhood, and they, they Didn‘t go to college, but they Went to work and, and, but
didn‘t go to college, but they Went to work and, and, but They‘re living there now.
went to work and, and, but They‘re living there now. They‘re living at their house,
they‘re living there now. They‘re living at their house, Their mother‘s house.
they‘re living at their house, Their mother‘s house. They have a decent job.
their mother‘s house. They have a decent job. If they knew about this, they
they have a decent job. If they knew about this, they Could take a course and save a
if they knew about this, they Could take a course and save a Little money.
could take a course and save a Little money. That‘s right.
little money. That‘s right. And but they don‘t know about
that‘s right. And but they don‘t know about This.
and but they don‘t know about This. Where do we where do we tell.
this. Where do we where do we tell. So the idea is to reach them.
where do we where do we tell. So the idea is to reach them. I think I think hatzi is an
so the idea is to reach them. I think I think hatzi is an Important place to provide this
Information.
important place to provide this Information. But we‘ve got a whole group of
information. But we‘ve got a whole group of Kids, school to work, kids that
but we‘ve got a whole group of Kids, school to work, kids that Should qualify for it and, and
kids, school to work, kids that Should qualify for it and, and Won‘t find an opportunity to buy
should qualify for it and, and Won‘t find an opportunity to buy A home unless they find a
won‘t find an opportunity to buy A home unless they find a Program like this.
a home unless they find a Program like this. >> so we‘re talking about
program like this. >> so we‘re talking about Scaling.
>> up to write.
scaling. >> up to write. A program.
We‘re talking about starting
a program. We‘re talking about starting Small and scaling up, right?
we‘re talking about starting Small and scaling up, right? Because we don‘t have a lot of
small and scaling up, right? Because we don‘t have a lot of Money.
because we don‘t have a lot of Money. >> yes, that that is correct.
money. >> yes, that that is correct. And so once we start, once we
Officially launch the program,
and so once we start, once we Officially launch the program, We are planning to do a
officially launch the program, We are planning to do a Marketing campaign.
we are planning to do a Marketing campaign. This is a screenshot of a flier.
marketing campaign. This is a screenshot of a flier. It has not been translated in
this is a screenshot of a flier. It has not been translated in Spanish yet, but we are going to
it has not been translated in Spanish yet, but we are going to Do a full scale marketing
spanish yet, but we are going to Do a full scale marketing Campaign through constant
do a full scale marketing Campaign through constant Contact, through hatzi.
campaign through constant Contact, through hatzi. We are really going to try to
contact, through hatzi. We are really going to try to Promote this so the community is
we are really going to try to Promote this so the community is Aware of what is available, and
promote this so the community is Aware of what is available, and We will work out the nuance of
aware of what is available, and We will work out the nuance of When to pay.
we will work out the nuance of When to pay. >> the fee.
when to pay. >> the fee. >> for the how, for the, the,
The homebuyer education.
Next slide please.
the homebuyer education. Next slide please. This is a screen.
next slide please. This is a screen. This is a commissioner shea.
this is a screen. This is a commissioner shea. >> this.
this is a commissioner shea. >> this. >> you.
We can answer questions from you
At our next one on one unless
we can answer questions from you At our next one on one unless You want to continue the
at our next one on one unless You want to continue the Presentation.
you want to continue the Presentation. We.
presentation. We. Yeah, we‘re past one hour on
we. Yeah, we‘re past one hour on This presentation and it‘s a lot
yeah, we‘re past one hour on This presentation and it‘s a lot Of sausage making that maybe you
this presentation and it‘s a lot Of sausage making that maybe you All don‘t have to to know all of
of sausage making that maybe you All don‘t have to to know all of It, but I think this is a really
all don‘t have to to know all of It, but I think this is a really Good example of how monique is
it, but I think this is a really Good example of how monique is One of our superstars, one of
good example of how monique is One of our superstars, one of The very best superstars in hhs,
one of our superstars, one of The very best superstars in hhs, Because she keeps bringing in
the very best superstars in hhs, Because she keeps bringing in More money and providing more
because she keeps bringing in More money and providing more Services than when she started.
more money and providing more Services than when she started. >> so this is phenomenal.
services than when she started. >> so this is phenomenal. >> and thank you.
Thank you.
>> this is actually our last
thank you. >> this is actually our last Slide.
So thank you very much for that.
slide. So thank you very much for that. Sorry that we went a little
so thank you very much for that. Sorry that we went a little Long, but we‘re.
sorry that we went a little Long, but we‘re. >> really asked questions.
long, but we‘re. >> really asked questions. >> thank you.
Yeah you did.
You asked a lot of questions.
yeah you did. You asked a lot of questions. But thank you so much for your
you asked a lot of questions. But thank you so much for your Time.
but thank you so much for your Time. >> thank you, thank you thank
time. >> thank you, thank you thank You.
Yeah.
you. Yeah. >> well, we can ask more
yeah. >> well, we can ask more Questions.
I‘ll just have to leave.
questions. I‘ll just have to leave. And commissioner, commissioner,
Shake and continue.
and commissioner, commissioner, Shake and continue. But I want I want a copy of all
shake and continue. But I want I want a copy of all Of the the presentation.
but I want I want a copy of all Of the the presentation. Plus I want some phone numbers
of the the presentation. Plus I want some phone numbers As well.
plus I want some phone numbers As well. Okay.
as well. Okay. So we can send some people to
okay. So we can send some people to You.
so we can send some people to You. >> fantastic.
you. >> fantastic. Thank you so much.
Thank you.
thank you so much. Thank you. >> thank you.
thank you. >> thank you. >> this is excellent.
Thank you.
I really appreciate being your
thank you. I really appreciate being your Resourcefulness and creativity
And trying to find extra help
resourcefulness and creativity And trying to find extra help For people who need it.
and trying to find extra help For people who need it. >> absolutely.
for people who need it. >> absolutely. Thank you very much for your
Time.
thank you very much for your Time. Really appreciate it.
time. Really appreciate it. >> thank you, thank you.
really appreciate it. >> thank you, thank you. Thank you.
>> yeah.
thank you. >> yeah. The frameworks website has lots
Of links and good information.
the frameworks website has lots Of links and good information. >> yeah.
of links and good information. >> yeah. Yes.
We‘re going to have to say this
yes. We‘re going to have to say this Concludes the business of the
we‘re going to have to say this Concludes the business of the Travis county commissioners
concludes the business of the Travis county commissioners Court today.
travis county commissioners Court today. And without objection, I‘ll
court today. And without objection, I‘ll Adjourn the meeting at.
and without objection, I‘ll Adjourn the meeting at. [laughter]
adjourn the meeting at. [laughter] 45353.
>> thank you.
>> thank you all.
[music]