City Council - Regular Meeting
The Boston City Council's Planning, Development, and Transportation Committee held a hearing to discuss authorizing the Mayor's Office of Housing to accept and expend $30 million from the Inclusionary Development Policy (IDP) Fund. The fund supports affordable housing initiatives in Boston, and the discussion highlighted the policy's impact and future plans for the allocated funds.
About this meeting
- Government Body
- City Council
- Meeting Type
- City Council
- Location
- Boston, MA
- Meeting Date
- June 25, 2026
Transcript
46 sections
Accessible to the public. The City Council will be conducting this hearing via Zoom. The hearing is being recorded. It is also being live streamed at boston.gov backslash city-council-tv and broadcast on Xfinity Channel 8, RCN Channel 82, IOS Channel 964. Written comments may be sent to the committee email at ccc.plan.gov. And will be made part of the record and available to all counselors. How about testimony will be taken at the end of this hearing. Individuals will be called on to testify in the order, which they have signed up and they will have 2 minutes to testify. If you wish to sign up for public testimony, and I'm not done. So, please email our central staff liaison. R. R. O. N. dot C. O. B. B. Boston. Go for the same link and your name will be added to the list. Today's hearing is on docket. Oh, 968. An order authorizing the city of Boston office of housing. To accept and expand 30M dollars from the exclusionary development policy fund. This matter was sponsored by Mary Michelle Lou and is referred to the committee on May 13th, 2026. Today, I don't have any of my council colleagues with us just yet, and I don't have any letters of absence. If that changes, I will let everyone know. Good morning everyone. Thank you to everyone who has joined us. Today we are here to consider an order authorizing the Mayor's Office of Housing to accept and expand the $30 million Inclusionary Development Policy Plan. Inclusionary's ending was established in 2000 to support the production and preservation of affordable housing through new market rate development, and the Mayor's Office of Housing has overseen the administration of IDP funds since 2013. I would like to thank the officials joining us this morning, from the Mayor's Office of Housing, Brooke Wilson, Christine O'Keeffe, and Andy Feldman, as well as many staff members from Steward and Affordable Housing Investments through the IDP Fund over the years. Thank you for your work to support affordable housing in Boston. And I'd be remiss if I didn't mention chief who's been a leader in our, in our city. And I look forward to chatting with her about, you know, everything that we're going to be able to do with this money. I'm looking forward to discussing this work as well as the process and the impact of these investments, because the council's consideration of this authorization authorization. provides an important opportunity for oversight, but also excitement about what's coming to our neighborhoods. Residents across Austin are struggling to pay their rent and find housing they can afford. We are facing a challenging moment with economic pressures that every city across the country is also facing. That means we also have to use every tool in the toolbox to support housing our city urgently needs. We must continue to proactively and thoughtfully. We have about how we can support residents. Ability to live in with the affordably IDP as part of that. And there are many policies that contribute to the school and look forward to understanding. The role that inclusionary zone plays in our housing strategy this morning. So, 1st, we have been joined by counselor. I plan welcome. We are going to go to the panel who is going to present. A series of slides, and then we'll get into questions. And obviously, I said this before, but I'm losing my voice. So. So, as much as you guys can talk the better.
Thank you. Thank you. Counselor. Let me share my screen. Hopefully that worked.
Yes, we can see it.
All right. Good morning counselors and thank you for having us here today for the record. My name is Rick Wilson. I'm the director of administration and finance at the mayor's office of housing. And I'm joined by Christina Keith, the director of neighborhood housing development, and Andy element housing policy manager at. Uh, we're here today requesting your approval to accept and expand up to 30Million dollars in development policy or fund revenue. Revenue is a result of the city's inclusionary development policy, which requires that developers of private residential buildings with 10 or more units. Create affordable housing units on site off off site, or contribute to the fund pursuant to a formula. If the project is meeting the requirement by providing units on site, in other words, in the same building. 13% of the units must be set aside as income restricted. If the project is providing units off site, or making a payment in lieu of units. The requirement is 15% or 80% income restricted, depending on the zone. And the payment in lieu of unit formula also varies by zone from 200,000 to 380,000 dollars per unit. IDP, as you mentioned, counselor, it was first implemented in 2000 and has been updated several times over the years. I always took over administration of the IDP fund from the in 2014. I took over implementation administration of all other aspects of the IDP program. In 2024. And just to clarify, you know, we're talking about why we're talking about and not inclusionary zoning or. Is because the revenue that we're considering today is being generated by project subject to IDP not not. So, as I mentioned, that if you fund revenue comes from payments in lieu of units on site or off site. Which are, and those payments are typically made in installments. And also from smaller 1 time, partial unit payments that result from the calculation of the number of required units. IDP fund revenue can be used for the creation and preservation of long term affordable housing units. IDP fund units can be home ownership, rental, cooperative, or other forms of permanent and transitional housing. And all IDP fund units are subject to an affordable housing restriction. As far as income targeting goes, rental units created using IDP funds have a maximum income limit of 70% of the area median income or AMI. Although many units are restricted to lower incomes. Homeownership units can be can go up to 100% of. Although, if any, within any given project, at least 50% of the units must be restricted. To 80% or less. Uh, for the administration of the fund tracks, we're responsible for tracking and invoicing fund obligations. Treasury department receives and deposits those funds. Is responsible for awarding and dispersing funds competitively. 2 projects through our annual funding round disposition processes, or special initiatives like the acquisition opportunity program. This slide shows the impact of the inclusionary development policy since its inception. These numbers here are units permitted or completed. Over the past 26 years, IDP has resulted in the creation of over 8800 affordable units. Including 6800 rental units and 2000 home ownership units. Over 4400 of those units have been on site. The yellow highlighted section shows the units associated with the IDP fund. So, nearly 3,800 total new units supported. Including 3000 new rental units, 800 new home ownership units. And 441 rental units preserved. And we've invested 100 over 188Million dollars in those in those units. So, IDP has really been an extremely important tool for creating and preserving housing, affordable housing in Boston and promoting mixed income neighborhoods. So, let's turn to the IDP fund itself. Since took over administration of the fund and. We have collected over 217Million dollars. Based on signed agreements and projects in the pipeline, we are projecting. To collect another 26Million dollars over the next 2 fiscal years. And that is, that's the subject of the accepted expand request. And that will result in revenue of 243.5Million dollars. Total revenue we have to date we have committed funding to 189 almost 190Million dollars through this fiscal year. And we expect to commit another 36Million dollars to projects over the next 2 fiscal years. We also allocate a small percentage of IDP fund revenue for program management expenses. You add those 2 up and you get total projected uses of 237.8Million dollars. Which leaves a balance of about 5.8Million that we will make available through our upcoming annual funding round. The next few slides just highlight some recent IDP fund projects. We thought it'd be helpful to show some examples of the different types of projects we use this funding for. The 1st is only Berkeley in Jamaica plane. This is a 45 unit home ownership project with 5 artists live work studios. And this project was just completed in August of last year. Next is 775 Huntington Avenue and mission Hill. This is a 12 story mixed use mixed income project with 112 units and ground floor commercial space. And this is in construction right now. Also, in construction is 95 average street and Austin, Brighton, an 88 minute unit, mixed income rental project. And this is expected to be completed summer of 2027. This is plan Nubian of 75 to 81 Dudley street and Roxbury. With a 15 affordable homeownership units and a community space. And that's expected to be completed in spring of next year. Next, 376 to 384 Blue Hill Avenue, or Marza Plaza in Dorchester. 18, 18 affordable condos, ground floor, retail, a community space and an outdoor green space and that project is expected to start construction in the next few months. And finally, parcel 12 C, or 290 street. In Chinatown, a mixed income project with 111. Restricted rental units and ground for commercial space. And that project was just awarded funding out late last year. Um, so that concludes our presentation. Um, once again, councils, we want to thank you for your support of the. Includer development policy and the IDP fund. As federal funding for affordable housing has declined over over the past several decades. Um, along with linkage and CPA have become. Extremely important tools to support the creation and preservation of affordable housing in Boston. And we're happy to answer any any questions you may have.
Thank you so much. I'm going to go first to my colleague, Councillor Flynn. Councillor Flynn, I'm going to give you six minutes, but you can always come back for a second round.
Thank you. Thank you, Rick, for your testimony, for your leadership. I was two minutes late for the start of the hearing. I heard your entire presentation, Rick, but I do want to apologize for everyone for me being late. I don't mean any disrespect by being late. I'm sorry. Rick, can you Re-explain, I guess, the IDP percentages, just so we're all clear. Can you highlight those again and tell us what the difference is between why one is a little higher than the other, please?
Yeah, Counselor, happy to. I'm actually going to see. Andy, do you mind taking that question? Andy, I can't hear you. I don't know about others.
Yeah, I can hear you, Andy.
Is it a little mute button the mute button on the microphone? Maybe on the headset? No.
Is it any better?
Yes.
Okay. Apologies. Apologies.
I also can't figure out how to stop sharing my screen, by the way. Take that away from me. I'm happy to stop sharing my screen.
Okay. Yes. Thank you. Thank you, counselor, for the question. So under the IDP policy, the onsite percentage required was the 13% across the board. But then if a project is doing either the offsite unit, so doing their IDP units in a completely separate building, or doing the payment, doing the payment instead of any units, depending on whether they were in zone A or B or C, sometimes the calculation would be 15 or 18%, depending on which zone, geographic zone that they were located in.
Thank you, Andy. And just a quick follow-up. I have a lot of development in District 2. Oftentimes, or in several cases, I should say, the the off-site and i supported this along with congressman lynch and senator collins representative bill but oftentimes we supported um off-site to support bha units um in in public housing can you tell me andy about that process and uh what the difference is in terms of percentage and why and again i support that but tell me why that's an effective policy
Sure, sure. Thank you, counselor. So as I mentioned, the IDP policy offers three different options for developers to meet their obligations. As Rick mentioned, one is on-site, so in the same building where they're building their market rate units. The second is off-site, so in a different building somewhere located within the vicinity of the main project. And the third is by making payments into the IDP fund, as Rick shared, which then Chris's team is able to allocate an award to affordable housing developers. And so I think you know where we've always been open to discussing with developers which of those options or even multiple options for a given project might be the most effective and appropriate sometimes there can be different advantages or disadvantages to those in terms of construction costs and in terms of opportunities in the neighborhood to collaborate with other developers like some of the projects that you mentioned counselor so we're always very open to discussing and looking for the the best housing outcome whether that's one or multiple options of the of the obligation methods
Thank you. That was the case several times in Muriel and McCormick public housing development in South Boston. where it was run down, unfortunately, but we came together to rebuild it. But some of the funding from development in the city or in District 2 or in South Boston, I should say, is going to that development. But that's a critical financial piece though, isn't it, Andy or Rick?
Yeah, I was just going to add, you know, I think, um. It's always, uh, you know, we're always looking for cases where, you know, we have, we have a very healthy pipeline. Thanks to the great work of Christine's team. And our affordable housing developers out there, we have a very healthy pipeline of affordable housing projects, and we have limited resources. So, when we see. A project that has a need for funding. Right, I think we're always looking for those potential matches of market rate ID projects that are going to trigger IDP. And, you know, considering whether it would make sense instead of having units on site to be able to provide. Really needed funding for a, for a nearby, a nearby project, which takes some pressure off of our. Other resources that we have for affordable for affordable housing. So absolutely. Like Andy said, I mean. You know, where, where. We'll take it however we can get it. We need affordable housing. However, we can get it part of the ID. The purpose of the IDP. Program is to create mixed income communities, which is why we, you know, that's why there's that sort of. Requirement that offsite projects be within the vicinity of the of the market rate project. But, yeah, we're, you know, we're, we're analyzing it from multiple perspectives and trying to get the best what's best for the city and for the for the community.
Thank you, Rick and Andy. But I also feel to mention, I also want to say thank you to Christine for her important work, her important leadership as well. Madam Chair, I was going to ask one more question, but I don't want to do it if my time is short.
It's just us, so ask away.
I could ask one more question? Okay. So maybe I'll ask the question to Christine. Christine, when the IDP money is moved into public housing to support public housing, then what is the Mayor's Office of Housing's responsibility in terms of working with BHA? Tell me about what is that relationship or does the money just go into BHA and then BHA moves forward without much input or follow-up. Follow-up is the key, but can you explain a little bit about how you follow up with BHA on off-site into BHA developments?
Yes, good morning. Thank you, Councillor. I would say that we have a very close working relationship with the BHA on all of their projects that we do, but the projects that are direct designations to a BHA project The MOH team does not have much involvement in the underwriting piece of it. They have their own team and staff of it. We, of course, are making sure that the allocation from the IDP fund is the accurate and correct amount that should be going to the project. So, we're monitoring that sense, but the BHA is working directly with the developer of that project, such as Mary Allen McCormick. But, Rick, you may know more about the monitoring piece of it in the sense of compliance with the units after lease-up.
Yeah, I think if, you know, I think it's an important distinction when it's an offsite, an offsite obligation where. Like you said, Christine, the money is the funding is going directly from. The micro developer to the offsite project that actually does not flow through through at all as opposed to making a payment into the IDP fund. And then we were dispersing it in that case when it's an IDP fund projects project that we are dispersing. We, of course, we're doing all of our. Um, you know, our typical monitoring that we would do for any, any project that we fund underwriting, et cetera, and the ongoing, the ongoing monitoring, because we will have a restriction on the property. But. Um, but if it's a direct, if it's a direct, um. Designation to a project, I think it works a little differently.
Thank you.
Thank you counselor. Are you good on questions for now?
Yes, yes, I am. Thank you.
Perfect. I wanted to ask specifically about you mentioned that there would be 36. Around 36Million expenditures over the next few years. I wanted to ask if you had a list of projects that that would benefit in neighborhoods.
Yeah, yeah, we do and happy to happy to provide that to your office. I know you had requested that I sent it to IGR. I'm not sure if they got it to you.
No, I have it. I just was curious if you could read it into the record.
Oh, sure. Of course. Yeah. Yeah. So, and just to. To to clarify, you know, the funding that we're asking for right now, the 30Million dollars that we're asking for authority for. Is based on our projected revenue over the next 1 to 2 years, but because affordable housing projects take 234 years to progress from the time that we award it. In essence, most of that funding is already actually allocated to projects. Um, so the projects, and if you, I'm happy to read these off, it's a matter of public record. These are awards. I will just point out this is subject to change, but these are what we anticipate. I'm committing funding to or closing on in the next 1 to 2 years. So that includes. I'm 353 to 359, 391 to 395, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, blue, I'm 2085 Washington street and Roxbury to. And he's Boston. 4050 to Warren street and Roxbury apartments, Roxbury block. Phase 2, the Hancock building and Dorchester 1, Waverly and Roxbury. Parcel 12 C and Chinatown and Drexel village and Roxbury.
Thank you, um, I wanted to ask 1 question relevant to 39, which allows off site units to be constructed. In lieu of providing them on site, if they're in 1, half mile radius of a project. Right now, there's a proposal for the planning development and jurisdiction committee. To change this requirement, increasing the radius to 2 miles. My district does have some concerns about this proposal because. We often want to see. You know, development when we have development happening, we want to see there, you know, being affordable units in downtown neighborhoods and close to transportation. So, I'm just curious sort of. I don't want to ask for, like, the official position of on this, but I just wanted to ask what. Impact this proposal would have on the types of. Projects that get built and funded through.
Yeah, thank you counselor. I can start in the measure of if Andy or Christine has thoughts, but. Um, you know, I, um, I think. As you saw from the, uh, in the list of projects, I just rattled off and. Um, you know, the fund projects, I think, um. You know, we try to spread out throughout the city. I mean, we don't we don't allocate our fund revenues to any particular neighborhood or we don't want to. Sit on funding and wait for projects to materialize in certain neighborhoods when they're in the middle of a housing crisis. Right? So we put it out through competitive processes and try to get it. Spend and a lot of that funding has gone to gotten into. You know, neighborhoods like Roxbury, Mattapan, Rochester neighborhoods that that are seeing the most development of affordable housing. The proposal around the off site, I guess, and I appreciate you saying, you're not looking for the official or mayor's office position on this. I do think it's important to consider. As I said earlier, 1 of the goals of the IDP. Program is to create mixed income neighborhoods and I think that's why you have that tight radius is because. Neighborhoods, you know, if they're seeing market rate development go up, especially in the luxury development going up, they will also want to see affordable housing going going up in their neighborhoods as well to keep to keep it mixed income. So, I think that's, you know, that's an important consideration and so relaxing that requirement would. I think, you know, temper that a little bit, but, um, again, that's that's that's my thoughts that I want to speak.
Thank you so much. Yeah, I was curious because. The Fenway civic association, which is 1 of our most active civic associations in my district. I was very concerned because they, you know, there's a lot of development that goes on in the Fenway and they wanted to make sure that. There are projects nearby that make sure that there is a mix of affordable housing in the neighborhood. And I'm curious, obviously we're in sort of an economic downturn as it comes to market rate development. And I'm curious, you know, this fund since 2000 has collected, did you say over, is it under over $250 million?
Um, yeah, we've collected since we've since we've been administrating 2014, we've collected 217Million and we're projected to collect another 2530 more over the next year or 2.
So, I'm curious given. How this year's projection compares to other years.
Yeah, we've, we've been averaging about 15Million dollars a year and revenue for for a while now. And I think that is what we're projecting for the next 1 to 2 years. But we are because because payments are being made at the time that building the initial, the initial payment, at least under the current policy is made at the time of building permit. So, the slowdown that we've seen over the past 2 years, we are worried that that's going to affect our projected revenue going forward. Now, things change very kind of very, very quickly and. What I've seen in my 10 years here is that often will be, you know, this has happened in the past where we were expecting revenues to drop off and then. You know, a few big projects happen downtown and all of a sudden there's, you know, that triggers big obligations at the IDP fund. So. yeah we're definitely worried about the declining uh idp revenue as well as as well as um um linkage but uh you know that could change and i think we're you know we're doing things um uh to try to you know move some of these stuck projects market rate projects along that will will generate some idp units and idp revenue
Yeah, and there's obviously a myriad of other tools that you're using to try to kickstart development, including the housing accelerator fund money and obviously the partnership with the state. And I think having been at these announcements with Mass Housing, we're really grateful for that partnership. And I think that, you know, I am also hoping to see some of the fair share, you know, money come our way to make sure that, like, we're actually investing in what is the most important, you know, what is important. And then obviously CPA funding. It's like we have a lot of things going on that we're trying to, you know, do and generate and create the most good. So I'm really grateful to MOH for that. Uh, for your leadership and stewardship, I, I feel like, um. Kickstarting development is a complicated topic because, um, you know, because and obviously there. Are a lot of inflationary pressures that, you know, the city of Boston cannot control. Um, but as much as as much as we can, I support affordable housing in every single neighborhood, because I think it's important for us to create this next income communities and there are, um. You know, there are obviously like the BHA is a big part of this as well. And so excited, you know, about the potential for More VHA projects, even in the future, obviously might involve a new federal administration and some other factors, but I think there is. Potential for for our city to really take hold and given the. You know, most recent announcement around rent control being off of the ballot. Um, which honestly, I find to be a little bit of a relief because. I think it we're in this moment where, um. We need to focus on these issues that are incredibly important and it almost felt like. This 1 bell question public, the distraction of like, so many of so many things and I think. Finding the affordability and trying to, like, support affordability to me means supporting development and figuring out, you know, 20% of something is something. So, however, we can get this. Kick started, I think I think we'll, you know, we're going to. But obviously, there's a huge hole in our. In our budget this year regarding small project permits. And so I just wanted to ask sort of what collaboration is happening within the mayor's cabinet to. Kickstart development, because obviously you're on the receiving end of some of the benefits of what happens when we do have. you know, active development projects happening in our city. I was just curious sort of what kind of task force or communication is going on throughout the city with the planning department, the mayor's office, and your work.
Those collaborations are definitely happening. Andy, do you want to say more? You're more directly involved in that work.
Yeah, sure. Thanks, Rick. And thanks, Councilor, for the question. I think it's an important one. As I say, Rick mentioned earlier, you know, we're always, always have been very open to discussing with developers, you know, of new projects or approved projects, which of the different IDP IDP obligation methods might be most appropriate, and most suitable to their project. And our door is always open to hear from hear from developers and hear proposals. So we're very much always willing to speak with folks. I think I can't necessarily speak as much for some of the, you know, for the other departments within the city, but I I know that there's, as Rick mentioned, there's a housing accelerator fund, which is a part of this office to residential conversion. And I believe that the planning department also has some other initiatives as well. So certainly we're always wanting to be collaborating with external and external partners. And there's a lot of else happening within the city as well.
and i do want to share that i do have a concern i mean it really is has been that we haven't seen you know buildings over 100 units of residential housing like they're just not getting built and i think um counselor flynn actually has really been the leader to try to talk about like you know what of the regulatory hurdles we need to address at this moment. And while I'm very supportive of Berto and I'm very supportive of the regular stretch code, I do think we need to look at the special municipal opt-in stretch code because the thickness of the walls, the windows, the engineering specifically, I've met with some engineers about specifically the need for ambient air given that we're such a cold climate. There are engineering challenges to specifically the special municipal opt-in of Berto, which I'm supportive of Berto and I'm supportive of the regular stretch code. And so I was curious if MOH has been in any conversations regarding that special municipal opt-in because we have There are other communities who have opted into this and wanted to roll out of it. Worcester is 1 example, and they were basically told they couldn't. They weren't able to roll out of it until they hit 3 years. Our 3 years is coming up in January 2027. So, I was just curious if I'm the wage has been in any policy discussions regarding that. Because I really think it's like, we don't have affordable housing unless we have housing.
Rick, if I could just jump in on that. I'll just say that, you know, Berto and, you know, the cost-related distraction stuff is something that we continue to look at. I don't know exactly what committees we've been involved in, but we are working very closely with the Office of Housing and Livable Communities at the state level as well to make sure that our requirements are matching. At one point we had different ones and added confusion and stuff, but we have aligned a little bit more. But I think we would need to get back to you on, you know, coming up on the three years, I think we would need to get back to you on what exactly how we are looking at approaching this going forward.
Thank you so much. And Councillor Flynn, I know you've been talking about this. I met some engineers actually after one of your hearing orders just to understand more what we're talking about here. Yeah, maybe it's a point of collaboration to just try to come together and see. Um, but specifically in terms of engineering, we definitely need to have a plan. Um, because if there are no buildings over 100 units of housing being built in the city, like. We have to ask ourselves and also other cities that have opted into the special municipal often. Um, are also finding it impossible to build a larger units of housing. Um, you know, it's something we definitely should look at. Um, do you have any additional questions or comments? Thank you.
Thank you, Madam Chair. Maybe two points. I just wanted to let Christine and Andy and Rick know, and I know you do know, but just wanted to remind you. I focus a lot on public housing. I have the most public housing units of any district city councilor in Boston. In my neighborhood alone in South Boston, I think there's probably more. eha units than than any or maybe or the second most of any neighborhood in the city um i bring that up because a lot of the economic development in the city takes place in in district two um and a lot of the money does leave um it's to support other developments in roxbury and dorchester and other other wonderful neighborhoods i don't i don't have a problem with that, to be honest with you. But I do challenge officials on public housing issues. That's why I'm a stickler for supporting residents in public housing. And I advocate for them on all types of issues, including their quality of life, their public safety, their health and wellness. I'm focused exclusively now on providing a safer building for persons with disabilities and seniors, especially those that need an elevator. But I do feel like I have an obligation when I advocate for my constituents that I need to advocate equally for public housing residents. Oftentimes, and Sheila Dillon has been an excellent advocate in working with me. and have great respect for Sheila, as you probably know. But I do have a challenging time working with BHA leadership on quality of life issues, especially when it impacts persons with disabilities. But I can't give up on advocating for my constituents because someone at BHA doesn't want me to focus on these issues, and they want me to kind of let BHA figure these issues out. But when it comes to my constituents, I have an obligation to advocate for them, especially persons with disabilities, seniors, and people of color. I just wanted to highlight that with you. One final point I wanted to make, and Let me say, and I started off about the IDP percentages, but, and Rick, I'm in support of what your office is doing. If a developer may not be able to reach the particular percent that's necessary, there are conversations that could be had to ensure that the development goes forward and that the city can work with someone, might be on IDP issues. But I do think that's a serious and important compromise the city makes. I know it might be politically incorrect to say that, but I do think it is important to move forward on development and support developers. I do agree with Councilor Durkan as well. Sometimes the Berto regulations make it difficult for developers it can be challenging for developers on building because of the environmental regulations that are added. But I do think we need to make it more and make it easier, including financially easier for developers to get projects off the ground and not be burdened with so many city regulations or state regulations, because it is having an impact. And I get calls frequently from not really developers, but from financial people that want to invest their money into development projects. And they're asking me about Berto. They're asking me about IDP. They're asking me about rent control. I know this recent announcement. But those issues are making it less likely for financial people or financial institutions to invest their money in the city when we make it we meaning everybody, makes it difficult to build here. So I just wanted to share those two points with you. And Madam Chair, thank you.
Thank you so much, Councillor Nguyen, and thank you for your stellar attendance record in our committee. So unless there are any last comments, I did want to ask if there are any, is there anyone here to testify?
Well, there is a Madam Chair.
Okay, thanks, Ron. And so with that, unless there are any additional questions or any comments from the MOH panel, the hearing on, just make sure I have the right. hearing on docket oh nine six eight seeing that we have no public testimony um we'll be adjourned and i look forward to uh putting forward this at the next meeting and making sure that we fund these incredible projects thank you all for your time thank you counselors thank you thank you everybody
This transcript was automatically generated from the official public meeting video and is presented unedited. It reflects remarks made on the public record by elected officials, staff, and public commenters. Transcript accuracy may vary; view the original recording for reference.