City of Oakland's HCD Department BAHFA Bond Community Engagement Info Recording on May 20, 2024

all right this meeting is now being recorded and Emily I will pass it to you to start great thank you so much and everybody's gonna have to excuse me I have a little bit of a frog in my throat uh trying to get over a cold um but good evening everyone I'm Emily Weinstein I am the director of the Housing and Community Development Department for the city of Oakland and today we are here really to get people excited about the baffa bond which is a groundbreaking opportunity that hopefully will be on the November ballot and before we get started tonight we have live interpretation available in Spanish and Cantonese and we want to share

instructions for how to use it so you'll see on the slide here to use simultaneous interpretation first click on the globe icon to see the language channels as shown here if you do not see the globe icon move your mouse around the edge of your screen or exit both screen second you must select a channel so if you wish to listen to English select English you can move between language channels at any time I'll give everyone a second to adjust if needed to choose your language

Channel and this is where um interpreters feel free to to uh share the instructions in in the other languages

now okay thank you all please let us know if you have any difficulties by raising your hand and if we don't see anything then we will continue to move on next

slide so this moment is unlike any other in our Region's history we are approaching creating solutions to homelessness and housing from a regional perspective in a way that can Define what's to come for years what makes this even more remarkable is the unprecedented amount of fun that the baffa bond brings and most importantly how it will impact our beloved city of Oakland this evening we will be talking about what the Regional Housing bond is a bit about what we call aca1 a potential companion ballot measure that will be crucial component in November next we will talk about

Oakland's Housing and Community Development 2023 to 2027 strategic action plan which outlines the city's priorities for housing and lays the foundation for how we spend our current funding sources and the future baffa Bond the Strategic action plan lays out our racial Equity framework guiding principles and spending plan lastly we'll hear from our partners at Alam County about their planning process for the baffa bond and just to let you know how the presentation will work within each section we'll pause to discuss the content and open it up for dialogue and questions next

slide before we start we have the privilege of welcoming some distinguished elected leaders from our community who are our co-hosts tonight let me start by introducing Alam County Supervisor Lena Tam who will say a few words about the importance of this opportunity welcome thank you Emily and thank you for hosting this really important Forum so a lot of people wonder why uh public funds are needed to lessen the rent burden for lowincome and Working Families it is because we have public funds that we are able to engage in the

kind of projects that are really going to be part and parcel of supporting housing and making it more affordable for middle and lower income residents who have been increasingly squeezed by the high housing cost for example just just to build affordable housing in Alama County we're finding that it costs $1 million per unit and without these kind of public support and funding that we used to have a long time ago with Redevelopment funds and then us recently the county has with um measure

A1 um we would not be able to provide a lot of the housing that have been built like for example um in the county we were able to put in over 4,000 um housing units just from the last um housing bond in 2016 which will be ending uh in in 2026 and in my district alone we had built over, 1300 units my district includes Oakland Chinatown the areas in around uh the Port of Oakland Oakland Airport um Little Saigon and we would not be able

to get the kind of housing for lowincome seniors we built like over 108 units so these kind of projects are going to be critical to stem the tide of increasing homelessness in the county and in particular in Oakland and drive the construction Investments and jobs that are needed so I'm really gratified to have this opportunity to participate in this forum and help move this housing Bond Regional Housing Bond forward [Music] thank you thank you so much supervisor also joining us tonight we have city of Oakland council president Nikki fortunado Bas from District Two

and so I don't believe council member guo is on right now so uh council president bass would you like to say a few words yes uh thank you Emily and thank you supervisor Tam it's really a pleasure to be here with all of you and I really appreciate everyone making time this evening uh so again my name is Nikki fortunado bass I'm serving as Oakland City Council president and I represent District 2 on the city council it's our most racially diverse District in Oakland stretching from Jack London Square and Chinatown to Little Saigon as well as East Lake and San Antonio to Grand Lake and Crocker Highlands it's also one of the most economically diverse districts um with

East Lake for example on the front lines of gentrification and displacement and every day we hear from our residents who want affordable housing for teachers and working people as well as for transitional age youth for seniors and people who are currently homeless I believe housing is a human right and I'm honored to serve also on the association of Bay Area government's executive board and housing committee which recently approved this Regional Housing bond to be placed on the November ballot and the final step towards the ballot is the approval by the Metropolitan Transportation Commission um as you will hear um over the course of this evening measure u in Oakland is

one of our biggest tools and I'm happy to have co-authored that measure which voters overwhelmingly approved in November that is 350 million in bond funding for affordable housing to support up to 2,400 affordable housing units in the coming years our largest investment in Oakland ever and at the same time it's not enough so this Regional Bond measure is really CR iCal for us but just to give you a sense of how important These funds are with measure U we funded our first batch of projects just last year and we broke ground on one of the first projects at East 12th Street in Second Avenue near

Lake Meritt and that's 91 units of permanently affordable housing 100% affordable housing with 25 permanent supportive uh housing units for homeless individuals and so that gives you a sense of the promise of these funds that project is one of several in our housing pipeline that are going to be breaking ground soon so today you'll hear more about baffa or the region Bay Area Housing Finance Authority and our regional effort to address housing affordability and the displacement crisis headon um I'm really looking forward to our City's Housing and Community Development Department sharing information with you they are a leader

in the region prioritizing units for homeless and very lowincome residents in order to meet our City's greatest need and that is with guidance from a very clear strategic plan as well as an equity framework and so in Oakland we have an opportunity with this Regional bond to Triple affordable housing units over the next seven years we also across the entire County have an opportunity to create what's essentially a public Bank to continue lending funds dedicated for for affordable housing so it's a really uh important and exciting potential partnership with the city of Oakland the county and the entire region and lastly

I'll just say that I think affordable housing and Jobs go hand inand these dollars are going to come with labor standards in the form of prevailing wages and construction uh jobs as well as apprenticeship opportunities and so as we deal with a crisis of economic inequality the consequences of homelessness lack of housing affordability and lack of living wage jobs this Regional Bond measure can help address that crisis with affordable housing as well as good jobs and really help us turn the corner for our residents so it's very exciting to be able to share this information with all of you and I look forward to the discussion thank

you thank you council president all right so next I don't believe the council uh council member gu is here but uh if he's able to join us we will stop and get a few words from him so what is baffa baffa stands for the Bay Area Housing Finance Authority baffa is the agency leading the bond proposal and they have the power to raise funding through ballot measures across the region they just approved a resolution last week to put a 20 billion or actually few weeks ago now to put a 20 billion Bond on this year's

November ballot bafa is the first Regional Housing Finance Agency in the state and was created by California state legislators championed by assembly member David Chu in 2019 the agency's primary mission is to address housing affordability challenges at scale which is critical since the issue of Housing and homelessness are bigger than any one neighborhood city or county most importantly the agency collaborates with and is governed by representatives from local governments across all nine Bay Area Counties next Slide the regional bond is being

explored as either a 10 billion or 20 billion General obligation bond to address affordable housing across our nine counties it's looking like it will be a 20 billion Bond but that will be con confirmed over the next couple of months these dollars will be raised through a tax on property owners and because it is a general obligation Bond the primary focus is funding for capital and capital needs this means the dollars cannot currently be used for services like eviction defense or homeless Prevention Services but there may be other avenues to support that work that we will be exploring next

slide raising funds for affordable housing is imperative with the loss of the Redevelopment agency in 2012 we haven't had a consistent source of funds to put towards affordable housing without that consistency it becomes difficult for developers and policy M makers to plan for the future and takes longer for projects to be developed if the baffa bond is passed as a 10 billion doll Bond Oakland would receive about $380 million if it's a 20 billion Bond then that'll double or we double that at basically $765 million the purpose and goal of the bond

are to address what we call the three PS Production preservation and protection of affordable housing baffa has established certain spending guidelines how however there's also a lot of flexibility in there for production which is our name for the creation of new homes baffa will require at least 52% of the funds towards production preservation is our work to ensure current existing housing remains habitable safe and affordable and at least 15% of funds will go to these activities the remaining 33% of funds from baa will be flexible and may look different for each city or county we'll

discuss how Oakland specifically plans to use these dollars later in the

presentation so what is a general obl ation Bond a general obligation bond is issued by by the government purchased by investors and repaid by property owners over time for Oakland voters we thank you for passing measure u in November of 2022 which was the largest General obligation bond for affordable housing for our city the impact of these dollars has been tremendous we have the incredible honor to allocate $350 million over the next several years towards the production and preservation of affordable housing for oaklands as council president Vass mentioned we have already broken ground on a project at east1 12 using measure U we'll be

breaking ground actually tomorrow uh for another measure youu project and we have two more that we'll be breaking ground within the next few months there's also a large pipeline we know based on our previous new construction noas that there's a pipeline of projects that are ready if just if if not for funding they would be a able to start construction and bring on deeply affordable and much necessary affordable housing for people experiencing homelessness as well as a a mix of income levels in a general obligation Bond Property Owners will pay based on their assessed value as shown on the property

tax bill also as it stands region-wide voters must currently approve General obligation bonds by a two-thirds vote which is a very very high threshold that is where aca1 comes in which is a companion ballot measure this November which would bring down this threshold from 2/3 to 55% for General obligation bonds next slide as mentioned our previous slide Property Owners will fund this Bond through annual taxes which will be based on their assessed value as shown on their property tax bill as of 2024 this

amount amounts to approximately 12 $19 per $100,000 of assessed value depending on the Bond's total size so for example if a property is assessed at $1 million the owner will pay about $190 per year for A2 billion Bond next slide another item that will be on the ballot is what we called ACA 1 assembly Constitutional Amendment one or AC 1 what aca1 does is lower the voter threshold for the passage of a general obligation Bond as I mentioned earlier this is critical because it's difficult

to get a two-thirds vote to pass the bond aca1 would lower this threshold to 55% so the bond is more likely to pass notably this is something that has already been done for school districts and they've been able to successfully build school facilities over the years so it's really important that we not only talk about the baffa bond but also look at passing aca1 as well next slide so if past this November the way the 2024 Regional Housing bond is structured is that 80% of the funds will

be allocated as direct allocations to counties or cities given Oakland's size we will be receiving a direct allocation as for the remaining 20% of the money it will be spent by bafa at their discretion for affordable housing like a public Bank to invest in affordable housing and recirculate their Returns on their investment back into projects thereby creating an ongoing source of funding for affordable housing production and

preservation next slide counties and cities receiving bond funds will need to create expenditure plans that describe how the funds will be used the plans must be approved at local public meetings like the Oakland City Council and the public will have an opportunity to comment on the plans if passed annual reports will also be required to communicate progress on expenditures and towards our overall housing goals right next slide so we're going to pause here I know that was a lot of information um about both the bo Bond as well as

aca1 and so we just want to pause here to see if there are any questions what else do you want to know about baffa and what about the proposals both the regional Bond and aa1 makes you hopeful or nervous about the future and I do want to reiterate that we will get into the details of the our strategy plan and the expenditure plan in the next uh section so everybody you can either feel free to raise your hand and we could ask you to unmute or you can type any questions or comments uh in the Q&A box and then we can have a discussion and answer your questions live through there um I do see one hand raised uh but again feel free to either raise your hand or

put questions or comments into the Q&A box um Carlos I'm going to allow you to talk now and ask oh sorry press the button ask you to unmute can I can you hear me now yes there you go hi everyone good night uh good evening and thank you for putting this together um my concern for Oakland respect affordable housing is stabilization of communities um I understand the need to create as many units as possible but U Meanwhile we're seeing destabilization of communities as a result of economic pressures particularly in lower income census tracks with Legacy homeowners African-American Latino uh so I'm

curious how um all of this will translate not just into production of units but into stabilization of communities so that we don't end up being a city where we have low-income people who are um or low-income housing that's just for people of color while the rest of the city is and I'm talking about 20 30 years from now um uh less diverse thank you thank you and and actually there there's a question in the chat that actually Dov tales on this pretty well so I'm actually I would love to read that and then maybe answer together um but in the chat there's a question where does protection fall into this scenario I see production

preservation and flexible so what about protection yeah great questions so um we will speak specifically to the expenditure plan the proposed expenditure plan which includes both production and preservation so there's a significant amount of money towards preservation and preservation can look different different kinds of strategies in terms of protection Mo as we mentioned this is a general obligation Bond and so there's a limit to what these funds can be used for um we are looking uh to see what the flexibility is in terms of supporting um different

kinds of protection services but this particular Bond as written right now does not allow for those kinds of services um and then to to the other question what uh about community stabiliz kind of at large um if not funded through the bond what else might we think about so I think the preservation dollars that can go like so I think we'll get into that and we can speak to specific preservation strategies that preserve the existing housing stock so it's not just the production of new stock that is important um and so I'm happy to have a further conversation about what kind of some of those

strategies can look like I think also it's a real combination of aing protection and services along with place-based preservation strategies as well as production strategies um in specific neighborhoods to help stabilize particularly neighbor neighborhoods that are going through significant gentrification era and are and are at risk of displacement and so using the data to also help Target the different um uh funding strategies thank you so much um there is another question in the chat and then one more hand raised I'll go to after um but relle asks how can we ensure jobs

and apprenticeships will be given to Oakland

residents if anyone else wants to jump in to feel free to do so president B would you like to speak directly to this question or sure I can uh speak directly to this question so um as you heard earlier when I was speaking uh bafa or the Regional Housing Bond uh does have a framework around um prevailing wage and uh apprenticeship programs as labor standards here in Oakland um we are going through a process of looking at whether there's additional labor standards that we might also attach to our existing bond measure which is called measure U and that could

potentially be a jumping off point for Oakland because at the local level we can add additional standards um there's some limits in terms of how we do it in terms of attaching it to uh the entire County or to this uh Bond measure as a whole but um at the local level we are looking at how we can do that and we do have a history with certain projects of uh targeted hire um or local hiring and so I think that's what we are looking for knowing that the crisis that we're facing is also an economic crisis in terms of lack of job opportunities and so in addition to be able in addition to

being able to House people we want to make sure that those um that housing could potentially be built by oaklander and then afford afforded by oaklander so um you can stay tuned to the work of the city over the next couple months as uh more of that discussion um enters our Council Chambers thank you so much council president um we have another hand raised um I hope I'm not pronouncing this Risa or Risa allowing me to talk and ask me to unmute there you go yes this is Risa I've been in Oakland um for probably 40 years Alam County for 45

years and um in that time the numbers of black people in Oakland has decreased um we saw in the last census that black people is the only population that has decreased um in Oakland and I'm wondering if there's any room here where oaklander black oaklander specifically who have had to leave because cost of housing if there's a way that they could be targeted um for spaces to come back yeah thank you for that question um

the city actually has a local preference already for our um affordable housing developments that include a preference for people that have been displaced from Oakland um one of the things that it for a lot of our affordable housing projects that require other sources of funds there are other sources of funds that limit those preferences so it really depends on how the the project is funded but a local preference is something we specifically want to include in the projects that we as a city help support and we can also speak to as we move on into the um presentation the

strategies that we are using on the production and preservation side um as strategies to impact that they're Equity driven and that are specifically targeted to reducing racial disparities across the city thank you um okay I don't see any more questions or hands raised for now there will be another chance to chime in later on in the presentation uh but we'll continue for now so thank you all so much and continue to put any questions or comments in the Q&A box uh if you desire I guess I'm up for this section

so so as Emily just mentioned um we at the city of Oakland we developed uh a strategic action plan uh from 2023 to 2027 last year um and it really the goal was to think about you know for the measure U dollars that we had just received also we started a new um Regional Housing needs allocation Arena cycle eight-year period that tracks how much housing we're producing um we wanted to to think very intentionally about what our strategy was to to develop affordable housing and to preserve existing housing so last year we started off uh with actually I should even just say my name is Chris Norman I'm so sorry I'm the chief of staff for the city of Oakland's Housing Community

Development Department um and just very glad to to have you all here today um but yeah last year we started off with a stakeholder engagement session um series of sessions that happened between January and may of 2023 we held sessions in every Council District within Oakland uh met with a number of stakeholders I think we're going to show you a few of them later on uh but but you know hundreds of people had a chance to to weigh in and give their thoughts to shape this strategic action plan we released it in June of 2023 and we've been starting the implementation of the plan up from then up until present and then one very important thing to note is that we are concurrently and currently

developing uh couple of additional other action plans one focused on homelessness and addressing homelessness specifically for the city of Oakland um and then another one focused on anti-displacement strategies so the question earlier about how do we stabilize communities um that kind of question might be answered in much more detail in one of our upcoming strategic action plans and the idea is that these together one focus on anti-displacement homelessness and uh affordable housing production and preservation they will form a a cohesive holistic uh strategy and approach that'll help us kind of see where we're going as a full City in the years to come but it's a very exciting time and um this is another opportunity again to think about how a bond like this could

help further our goals I really want to name and as Emily just mentioned that the city of Oakland is extremely fortunate to have one of the first Departments of race and equity in the country um and one thing that the department of race and equity in the city of Oakland has done is they've developed this racial Equity impact analysis process um it's a process that actually I'm G to speak a little bit slower for the interpreters uh it's a process that uh folks can follow whether if they're developing policies or programs to think about who is being impacted the most in terms of racial

disparities and what can we do to close those gaps to make sure that there are no racial disparities in a given topic so you'll see here that our action plan that we created last year follows this process and the steps listed on this screen and we'll go over a couple of them now so to start we want to think about our goal for for this work um what outcomes do we desire what do we want to do with with our dollars and our funds so last year we had uh a number a whole bunch of feedback and folks ended up with with this through its resources and programs Oakland Housing and Community

Development Department hcd aims to equitably promote housing access for and stem the displacement of oaklander most impacted by racial disparities um we didn't necessarily have stem the displacement in here at first but that was something that came up very frequently and very strongly in our community engagement sessions so we really wanted to make sure that we we put that in there as well and we really say most impacted by racial disparities because any given topic you look at can have a different experience and you'll see in in in in a slide right homelessness will look different than overcrowding which will look different from evictions so we really want to look at any specific

topic and look at the data to understand what people are experiencing in that specific topic the second step of the racial Equity impact analysis process it's a lot of text I'm not going to go through everything here uh but is to look at some key data that tells you about how different populations are doing so uh again I'm not going to go through everything the next few slides will cover a few of these but we really wanted to make sure that our plan was based in data um both qualitative and quantitative that really tells the story of what oaklands are experiencing the first to highlight is the city of Oakland's Equity indicators

report that was released in 2018 uh there is currently an update to this report that should be released hopefully this year we're aiming for um but it's it's it'll be exciting to see you know what the status is for all of these but what this did for housing specifically it looked at four topics affordability displacement essential services and housing quality and it looked at different indicators Like Home Ownership rent burden homelessness and it gave each of these a score on a scale from one to 100 to determine how big are the racial disparities in any given

topic as you can see homelessness got the lowest score of one meaning there are gigantic racial disparities in Oakland when it comes to that that issue some of the other topics that got low scores include eviction notices and overcrowding at 8 and 22 but even some of the higher scorts here like rent burden at 54 or home ownership with mortgage at 78 that's still out of a possible 100 right so these disparities are still present and they still exist across every single topic of housing in Oakland another thing to to note here um is that we the state

sets forward the the Regional Housing needs allocation or Arena the goals every eight years and that tells us an expectation for how many units of housing each city or county jurisdiction is expected to produce in that period so the current cycle we're in is between 2023 and 2031 Within These eight years the city of Oakland is expected to produce down here over 26,000 units of housing that's all kinds of housing um if we're thinking about affordable housing specifically that is lowincome very low income extremely low income those three

rows together that equals about 10,200 units um and just for for context and reference currently in Alam County a family of four um is the the their median income meaning half of All Families earn above that and half of All Families earn below the median income is about $142,000 a year it's it's pretty high and again that is that's for the majority of the county it's it's thinking about the area that goes from Berkeley all the way down to Fremont and everything in between so about half of the families and households in that area make over

$142,000 and half of them make under so when we talk about you know who is lowincome we're thinking about who is making 80% of that so families I households I would say at about 112,000 or below that is what we're considering low income very low income and extremely low income and again about 10,200 units over this eight-year period I thought those are a lot of numbers happy to chat tomorrow if anyone wants to we can talk about it in more detail um now was really important piece here and we actually have even more updated numbers now um is that the point

in time count so about every two years Partners go out uh to to estimate the number of unhoused folks U throughout the the city and the region um the most recent one was actually conducted this past January of 2024 and we had record numbers of volunteers going out to to count the number of unhoused folks on on the streets um in Oakland uh and as we see here you know there was a steady increase Year bye um of 2022 there was about 5,055 uh unhoused individuals in Oakland and I think I'm not g I'm gonna get this wrong the current numbers that that I think were just came out in the press

release was at about 5,400 uh Plus or so right there's about a 9% increase in this past two-year period uh but we consider that progress in many ways because the increase from 2019 to 2022 was significantly higher it was like 24% jump right so a 9% jump means yes there was an increase but it's at a much slower rate than it has been in the past oh my God that's something to me hia um now I think it's really important though that we break this down to understand who is unhoused in Oakland and when we look at this from a racial Equity lens you know and really look at

the black population we see that whereas 21% of 's black population sorry whereas 21% of Oakland's population is black they represent over 59% of Oakland's unhoused population again this is from the 2022 number so we are going to get updated numbers in the coming few months um but 21% of Oak's population versus 59% of the unhoused oak population that's a huge disparity and it shows that why you know the racial disparity score of one that we saw earlier why it makes sense here uh across the board it is the biggest disparity the gap between the

two when we think about current Housing Development what it takes to build uh and preserve affordable housing now you know we're at about $900,000 or so per unit uh per new construction unit to build here in Oakland um thankfully there are a number of sources that we can leverage funds from at the state or federal levels so we as a city of Oakland we put in about $200,000 per unit uh and then the developers go and they raise other money from other sources um it takes about three to four years or so to actually make one of these projects come online from construction onwards um and then the

thought here is that if we want to keep these units deeply affordable meaning people you know might pay upwards of 30% of their income to this we need a few extra dollars here to help make sure that we're we're keeping it affordable long term these buildings depend on rents to be able to pay off their existing loans their operations all of the above if the rents that people pay are lower than what it actually costs that creates a gap and that Gap is what we're talking about with this number here that continues that allows us to continue operating the building ongoing so it's a lot of money per unit and and you'll you'll see in a second you know

we have we have hundreds of million dollars that came through measure U and it is it feels like a drop in the bucket sometimes because it's such an expensive operation but it's one that we are deeply committed to and that we absolutely need for our residents um even when we think about things like preservation um we have a program in which we uh fund developers and land trusts to uh buy and acquire buildings that are currently market rate and make them affordable longterm um the average cost per per unit is about $350,000 there and we as a city pretty much fund most of that um because there aren't sources for those folks to go and leverage at other places like the

state um lastly I will I want to name our home key or rapid response homeless housing R2 H2 program um which is an exciting kind of new program Council had adopted it last uh last June in the last budget cycle um but it it's our opportunity to to think about what are the existing buildings that we take and create opportunities for homeless housing in them um the city of Oakland has received nine awards from the state of California to build these to to produce these honkey projects uh and we're so proud of that it's a it's a large number we've had about three every single round so far um and it's been something that we're we're seeing a lot more of and we're excited to to have

that continue so all of this uh came through we talked about you know all this information with these various community members funding partners and other folks throughout the city and our and our other government Partners to think about how do we do this work how do we operationalize it what are things we should consider and it all really came down into these guiding principles I'm not going to read these all but the thought here is that at every single year the polit the political landscape will change the funding levels will change but we want to have these things at the center of our decision making we want to base all of our decisions in equity we want to make all of our allocations and

decision- making Based on data as you've seen before um we want to make sure we reducing development costs in time that $900,000 a unit is expensive and it's only been going up so we need to make sure we're doing whatever we can to lower that cost um we also recognize that you know not all the systems that exist right now work for Oakland not all the funding School opportunities Etc um meet our needs so we want to be able to get money from the state and other partners but we also want to make sure that we're advocating at those levels for policy change and we reserve the right to stay Nimble and to adjust any of this as we need as as we learn uh how

how it's all working almost there one more slide but what this came to uh is we developed our capital investment Equity framework last year um and it really talks about you know from all the data that we got how do we plan to use our dollars and specifically how do we use them in with that racial Equity lens um so what this shows here is that we want to fund as many areas as possible but we do start from our priority strategies um as we saw because homelessness has the biggest racial disparities um and we're thinking about not just race but also class um and who is on who is most at risk here we really prioritize the

development of permanent Supportive Housing um and other homeless units as the top of our Equity framework um and just to note permanent Supportive Housing uh it means you have a big you know Housing Development with affordable units in them but they also have Supportive Services on site like case managers and folks that can help you navigate job applications you know mental health substance abuse all of the above the idea is that you're really pairing that housing and the services together in one place to help stabilize residents so that is something that and we know a lot of the unhoused population would benefit from uh and that's what we really want to focus our attention on to start it might not be this way forever

but we know that right now it is the largest uh priority that we're seeing in our city we don't we have we're only allowed to we can only build so much here right because we don't have enough money to to uh subsidize that Gap that I talked about earlier between what people can pay and what it actually costs to run the building so because we're limited for how much we can actually build here you see this waterfall it flows down into the next priority which is other affordable units between 30 to 80% of Ami again 80% of the area meeting income is talking about about $112,000 or under per year in Alam County once we are developing as bun as

we can here we will think about preservation and and make sure we're putting adequate dollars into into those areas to make sure that we're keeping our housing habitable safe and affordable um and then we are saying that you know through this through this framework uh items like first-time home buyer support low moderate uh income owner occupied Rehabilitation those are not as high of a priority for our funding right now um we're not saying they're not important they are extremely important and the idea here and we go back to the guiding principles is that we will leverage funding and pursue all opportunities we can so if opportunities come up at the state or other levels we're going to go after that those dollars we want we

don't want to leave any money on the table but when we're thinking about the the limited resources that we have right now what we our priority is as a city is to invest into uh housing for unhoused folks and I know there was a question earlier about what about protections um a lot of the protection services homelessness prevention anti-displacement eviction defense those are non- capital dollars so we can't use bond funds General obligation bond funds to pay for those um but as a mentioned there is a separate strategic action plan being developed right now that will speak to what we do with that with those with those uh Services it's a lot of information but Emily back to you what what does all

that mean so now it's the exciting part what does all of this mean so as Chris uh just explained you know last year I know many of you were actually involved in the process we did the Strategic action planning process so we could determine what how to best spend our measure you dollars and our other sources of housing funds and this capital investment Equity framework is intended to be Evergreen it's a me intended to guide the way we spend our dollars those that we have in hand and hopefully uh the baffa fun baffa funds that will be coming down the pike based

on uh voters in November so based on this Equity investment framework we have projected uh first first just to explain sort of the way that the city allocates its funds we have what are called notice of funding availabilities or noas and currently hcd has four different NOA programs the first and that that we've focused a lot on today is the new construction that's the creation of our multif family affordable rental apartments and right now in our noas we have different scoring criteria it's really important as Chris mentioned that we align our scoring with the state so that we can maximize and leverage as

much State dollars as possible but we also prioritize things like the percentage of extremely low income units psh units the location of the units and we try to prioritize those areas those neighborhoods that are experiencing uh displacement as well as also supporting emerging developers developers of color as a priority we also have uh our home key or rapid response homeless housing NOA and this is a little bit different our rapid response homeless housing came out of um the last uh budget cycle and it is structured just like home key just

like the state's home key um funding program but it is on a ruling basis so developers or uh service providers can come to the city um with a project proposal and be evaluated basically for underwriting for our different funding sources many of these projects because they have to leverage dollars for either capital or for operating dollars may need to kind of sit in a queue uh for the next home key State home key round but we are also evaluating we have a number of projects that came through recently that we are evaluating that may be able to move forward without hkey dollars uh the other NOA we have is our

acquisition and conversion to affordable housing this is really one of our strongest preservation and anti-displacement strategies it converts uh we say market rate rentals but these are not high-end rentals these are just these are kind of naturally occurring affordable housing that is on the market and we think it's important to help stabilize those units and provide long-term deed restrictions so that they maintain affordability for at least 55 years or into perpetuity and then finally we have a preservation NOA which goes to supporting the rehab needs of our existing portfolio of affordable housing to make sure that those a assets are healthy and providing the impact um

that they and security uh for their tenants so that's the way we allocate the funding and based on our Equity investment framework and our existing sources of funds what you see on the screen here is what we have projected with our measure U dollars So based on our current measure U funding and our local Capital dollars and that Equity uh framework we anticipate being able to produce and preserve around 2400 units you'll see the breakdown of how the funds are used in the second to last column and so when you when asked about preservation it really is a combination of the

acquisition and conversion that 133% as well as the preservation of our existing portfolio an additional 8% and then we have flexible we have anticipated a flexible pool of around 5% now if we look and this is the most exciting slide if we look at what bafa could do so based on our strategic action plan based on our Equity investment framework Guided by our goals and our guiding principles for that strategic action plan if baffa is passed as a 20 billion do Regional Bond then the city can expect to BAS basically triple what we could produce with measure U and produce and preserve over

7,000 units the breakdown of how those funds will be spent is very similar to what the spending would look like uh without the bond in terms of percentage but you'll see basically the baffa bond allows us to kind of supersize all of the different funding streams for these different

programs next slide so just to kind of hammer it home you can see the difference here on the screen the difference between what we can produce and preserve with our current funding and what we could produce and preserve with the baffa 20 billion Bond so this should make you run out and want to support the baffa bonds uh scream it from the rooftop both the baffa Bond as well as aci1 it's really important that we raise aware about the baa Bond and that people really understand what it means for Oakland and for oaklands I know that was a lot of

information I believe we're gonna have a chance to and I just want to reiterate too again that like these these are these are affordable units specifically right we're not talking about market rate development here we're talking about low in units for folks that are low income very low income and extremely low income um this first row permanent homeless units that is extremely low low income focused on 0 to 30% of the Ami and then the rest of it 30 to 80% at the Ami you know it's it's it's over 4,000 units right there right the biggest potential investment that the city has ever made in deeply affordable housing so it's it's an

exciting opportunity um and one that we can't tell you to vote for but if if you did this is what it would look like um so with please yeah we want to just kind of pause we know it's a lot of information it's a lot of data our strategic action plan really sets the framework and so we want to just kind of open it up what do you think about the projected number of units what do you think about the housing goals and the Strategic action plan that are guiding the investment framework love to open it up I see that Risa has her hand up yes um there's Risa Pastor Jennings and then there's a few comments in the chat that we go to um but Raisa I'm ask you to

unmute first yes can you go back to the previous slide please this one yes thank you um here's my concern because 80% of Ami is significantly different from 30% of Ami and there's no breakout of how what units are going to be built in that range and and my concern is that the focus will be on the 80% because to spread the dollars and all of that I I can't get too um I can't get too concerned about the people

who are making six figures because we have so many people who are not even making the 80% and it's that's my concern we we are not breaking this out in a way that feels like the dollars are going to be focused where they really need to be focused yeah that I can I can see that it seems it is a a wide um income range I will say so the permanent homeless units one of the things that you want to do is allow people to live in a unit as their income changes so part of the variation is to allow for example the permanent homeless units are people that make zero

to 30% Ami there are some people exiting homelessness that do have income and so if we just had it at the lower end of the the Spectrum just just for clarity I I'm asking specifically not about the permanent homeless units I'm asking about the and I understand I hear you saying there's a range but how do we address who's getting in those I hear what you're talking about that people should be allowed to stay when they get higher but my point is still how do how do we know that we're going to focus on people who are getting in here now sooner are on that lower end and not on

that high end to start with so you're speaking specifically of the 30 to 80% am yes so part of it has to do with the way that projects are funded we almost actually never see the 80% Ami units because almost all affordable housing new production units require tax credits and you only get tax credits on projects basically at 60% area meian income and below so these are the categories that we are required to meet based on state requirements these are not categories that we set these are the the Amis that are set at the state or or really at the

federal level um but we really do get a we get AR ranged and projects are prioritized based on state policy goals so many of the projects actually have lower rent levels so that they are more competitive at the state okay thank you and I would also even add there that the state doesn't require us to even focus on 0 to 30% Ami they they only consider low income and very low income but as the city of Oakland we know that it is a priority to focus on that deeply you know extremely lowincome population which is why we

specifically call out the 0 to 30% range as well thank you thank you Risa uh Pastor Jennings allow you to oh are you there you oh there you still there all right ask you to unmute Pastor Jennings thank you so very much thank you uh Chris and Emily for the presentation and certainly um we are uh individually as a congregation supportive of the bond measure and certainly um doing our work to make sure it spread throughout the faith-based community um in terms of talking it up

so so a couple I have a multi-art question if I may um as it relates to the guiding principles The Guiding principles um you talked about the number one guiding principle was the the uh basally all the decisions and processes in equity I'd like to hear what that process really looks like in terms of equity in the process um and and and and more specifically and if you can Target in on that are are there going to be maybe incentive points for small and emerging developers and maybe even faith-based developers uh as it relates to you know

the work that we're doing with churches to convert uh Church owned property into into housing and and so what is that I understand the guiding principles but how does that really really come to fruition and then the other part is one of the the other areas that were mentioned in terms of the funding was that flexible fund the flexible component if you will in that flexible component um has there been any thought about how maybe some some small grants could be given to organizations to help build the capacity of some of the emerging developers um as it relates to

this whole Equity uh piece and I'll leave it at that yeah so so a couple things one is already within our NOA uh Point structure we do have prioritization and increased points for uh emerging developers um and small developers of color I think we are constantly iterating on our NOA scoring criteria and actually the the rehea process the racial Equity impact analysis process that Chris walked through is we we showed that as The Guiding sort of strategy and process to create our strategic action plan we also do a Rea

analysis for we'll be doing one for our new construction NOA in the next coming months and we do it as part of our policy and program design so that's the way we make sure that we are very explicit about what is the disproportionate racial impact that we are trying to reduce within whether it's a program or policy or the NOA point system um so that I think hit on your first your first question um in in terms of building capacity that is something that we've been talking a lot about um there are different ways to do that we are actually right now in the process of considering a revamp or taking to

council I should say we're close taking a revamp of the acquisition and conversion to affordable housing program um where we can partner with a cdfi that can then do much more of the technical assistance handholding as well as um allocate the funding on more of a ruling basis it's something the city really has a tough time doing just because of the way that we're structured um and because we don't have as much of kind of dedicated resources to that so there are things within our process that we are doing to try to assist more emerging developers um in like the acquisition conversion to affordable housing I think there's also a lot more Partnerships there's you know the the

count has their uh initiative around emerging developers and so we also want to really be clear on where we can partner with the county and make sure we're not duplicating efforts and so that's one of the areas I've been uh talking a lot to Michelle St about their program and making seeing you know where we could bolster it um or whether we need like the city needs its own program but it is something we're looking into yeah uh D I see I know Dylan and paulen Blackwell from Alam county is there anything you'd want to share um about the emerg developer work at the county level um Pauline does lead that work so

I uh will let her step in if if she feels like I'm missing anything um but the good news is you know we've had a lot of feedback with that cohort as we've moved through a couple of different capacity building programs and now we've really been able to take that feedback to build in um some requirements to our RFP process for the last of our measure A1 funds so we're really looking to continue to build out that pipeline for emerging developers with predevelopment funds which we're hoping to make available this summer so that's it's our big push with emerging developers next thank you and I'll also add that we are also ramping our pre-development program uh it has basically become kind of functionally obsolete particularly for small developers and developers of color uh and so we are working on

revamping that and using the r the racial Equity analysis uh to help guide that program design thank you so much did that hit on all parts of the question Pastor Jennings I don't know if I'm still muted or not we can hear you okay great thank you um yes it did and one of the things you you mentioned um Emily thank you so very much for that but how is the city defining emerging developers because I know that that is a conversation at the county level and so it would be interesting to know how the city is really def finding emerging developers and whether there is any Community input

relative to how that gets defined yeah I don't want to misspeak because I know there was a lot of attention paid for that definition in the last round of the NOA Chris do you remember the explicit definition that we ended up using we can uh I can in a second put the link into the chat to um and it's it's written down in our NOA scoring criteria and it describes there U explicitly what what that looks like and that through revisions multiple revisions um but I give me a second at some um all right Richmond Neighborhood Housing Services I'm gonna ask you to unmute thank you Chris Nikki Beasley

Richmond Neighborhood Housing Services um in one of the questions I had on the chat slide 18 I was trying to understand the equity scoring what was the pool is that like out of a th000 out of 100 how did the scoring get tabulated um in getting to those numbers oh a different slide on mine um this is the housing data overview from what was sending the link at showing on my presentation slide 18 one yes Equity indicated

indicators so how do tabulate those scores no good question I am not super famili so the department of race and Equity uh LED this analysis I would have to ask them um about that but I also Andre if you're listening we could put the link to the to this report in the chat I I am sure they cover it in there and I'd be happy to look at that and pull out whatever is relevant um but I can't speak specifically to what how they tabulated it right now appreciate it and then I guess my question is also around Equity um as we know affordability is a identified in a couple of ways whether it is based on their Ami level or an individual's

ability to pay where no more than 30% of their income goes toward housing so for the smaller you know um infield small sites where we know Oakland has a lot of um blight in certain neighborhoods how are these funds looking to allocate maybe low density smaller ites to either address the preservation or protection component of this work yeah so I think most directly it would be through our acquisition and conversion

program um and uh you know kind of iterating on that program to ensure that it's meeting the needs of developers you know Nikki I think you've been part of our recent conversations you know the first step for us is instead of having the once a year NOA or once every twoyear NOA that just doesn't work for smaller Developers for being able to you know react to the market versus about kind of this the program design change and I think working with the cdfi if this is passed by Council that being able to see how that unlocks more properties um will kind of remain to be

seen we'll have to see kind of how it plays out uh you had a second part of your question you about the small just yeah just the you know idea I know based on the Matrix ownership isn't a the high yeah priority but addressing the infield small site could address some of the affordable housing needs for affordability for um people that are looking for Home Ownership yeah and I don't think you know I think one of the things that we we want to make clear is none of the these sort types of projects are off the table so just because it's F lower down on the equity Spectrum as it

relates to both race and class it does not mean that it's not also a need or a focus for the city I think one of the things that we are really looking at is you know right now the state doesn't have a lot of funding but what are different programs that could come from the state or even from the county you know we've been talking about what kind of home ownership supports home ownership type programs could exist um I think it remains to be seen it is not right now where we are putting our our funding dollars I think there's you know there's there's a lot of and you know we we've heard it we know it that intergenerational wealth and we're

talking about Equity obviously it's extremely important um but again we'll go back to kind of this Equity framework in terms of looking at race and class this particular racial disparities with the homeless population as being the Focus right now understood and my last comment is the you know asker consideration could be to maybe do a carve out for smaller sites because I know us and others you know if we go for a project because of need if we don't have enough units it may not be considered but if there could be some of those funds that were set aside for smaller projects because we know that could do a in communities that have been uh ignored because of the

blight in some of these areas that need to be you know revitalized um Nikki are you talking specifically like smaller but new new construction projects or um I guess and in both I'm thinking about blighted properties that are just vacant um as well as vacant land that could you know produce new construction yeah understood thank you thank you all right um just a couple notes I put um the new construction NOA description and has a definition of emerging developers uh I responded to your to the I put the link in there Pastor Jennings

um and then to Nikki I put the link to the equity indicators report there as well um so one more hand up uh or two more hands up uh Carla I'm gonna ask you to unmute and talk now one uh this is more like a confirmation right there a question I want to make sure that I'm understanding this right um thank you for uh the presentation I'm learning a lot I'm actually new to this topic so I'm really interested in learning more um my question is regarding the unit projections I think that were on slide 33 um the unit projections achievable

with the bond funding which I think aims to reach there we go the seven 32 units so to ensure this goal is met will the funding be released as no fuz to developers to participate in building these units or this exclusively city-based projects and additionally the second question is if the bond passes then what will be the estimated timeline for the noas to be released after this year thanks great question so um this City uh allocates its fund through the NOA process we don't so we think of us more as like an investor in the affordable

housing projects we don't do our own projects um and so the NOA is our public process to allocate those funds what we have heard uh so we basically have been doing a new construction NOA about every year or year and a half our acquisition and conversion has also been a kind of on that timeline as I mentioned we would like to revamp our processes so that we are able to move the money out faster and the way we would do that is for the new construction NOA we're actually looking to do a combination of kind of open pool new construction NOA and then alternate

that with funding projects through our pipeline the following year and kind of toggling back and forth uh so that developers don't have to keep applying every single year even if their project hasn't changed um when it comes to the uh a lot of the permanent support of Housing and our home key or R22 those rapid response homeless housing that NOA um or the R2 H2 program is meant to be on a rolling basis um and so we have projected basically the amount of bond funds the amount of measure U funds that we would put towards that program and we go to council to be able to allocate our the different pots of funds to to uh that

program and then the same is with the acquisition and conversion we are right now we've been doing these once a year once every year and a half noas but instead we will be hopefully revamping this program so that it is on a ruling basis in terms of the timeline um we imagine that our measure U funds will likely be allocated within the next like two years um it doesn't mean they'll all be spent down but they will be allocated to projects who then then go to the state or to other uh sources to leverage funds uh we have heard that baa will be allocated in a series of tranches probably I believe

it's gonna be like three to five tranches over I believe it's like a five to seven year period yeah and just to to jump in very quickly so if the bond is if the voters approve the bond this coming November in 2024 then cities and counties will be required to submit their expenditure plans starting February 1st of 2025 um so there will be a built in two or three month period in which uh different agencies will have to create their plans do the analysis get it approved by their local councils um or Board of Supervisors and then they would submit the plans to bafa um no

sooner than February 1st 2025 and then with that it would go through a whole kind of process of approval with for bafa and then I think they said maybe late 2025 2026 the first uh troncha funds would be available

then all right I am I know there's a lot of questions one more from Sharon coru and then we're gonna move on I know there's some questions in the chat we'll try to get to those at the end of the session um but Sharon I'm G to ask you to unmute thank you very much I appreciate appreciate you're taking the question I want to build off a question that was asked earlier and this comes from St Mary's Center seniors who you know have been following this process very closely we know there's new state legislation that requires um cities and counties to do planning at the acutely low income level income so low it impacts your

health so that's 0% of the area median income up to 15% that's our seniors on SSI that's many of the people not everyone for sure as uh was mentioned earlier but many of the people experiencing homelessness and I want to ask what are the plans within the buckets that you're showing um for targeting and making sure that the allocation goes to those in greatest need and thank you uh for tonight's meeting yeah so based on our Equity framework as well as those buckets you see on we are prioritizing the permanent permanent homeless units so psh units we

are looking at the units that come with uh deep deep rental subsidies and services and so those really are targeted for people like exiting homelessness that have no that may not have any income um and those projects with a larger percentage of those units are prioritized in our NOA structure it's also the the focus of all of our hkey and R2 H2 Pro projects

I think that answered your question I mean we we are focused on that we we have not called out that particular band because what we're calling out here are the Ami bands that are being used at the federal state and Regional level when we look at the new California Department of Housing and Community Development income levels they are tracking a Ely low income uh as a a separate Bucket from 0 to 30 0 to 15 and uh we'll continue to monitor this and work with you um so that we can make sure that uh those needs are addressed thank you thank you um and again we know there

are a couple more questions and comments in the chat we'll get to them at the end of the session but I would love for us to move on Dylan will be passing it to you next um to talk a little a little bit about Alam County's process so thank you Chris uh I I appreciate the handoff and it's great to be here my name is Dylan Sweeny for those of you who don't know me I manage the policy and programs team at the County's Department of Housing and Community Development it's great to be here on behalf of County hcd but also as a resident of D2 and D3 in Highland Park in Oakland um we kicked off our public process last fall um with the release of our hcd housing needs analysis um that's a report we released that worked to quantify the changes that we've experienced as a county since the year

2000 and how the housing needs of the county have changed between that and now and we've used that as the basis for a series of conversations we've been having around the county to collect public and stakeholder feedback so like in Oakland this process is aligned uh kind of with a new era that we're facing of challenges and opportunities obviously the baffa bond and the new Arena cycle but also the allocation and release of essentially all of our measure A1 and the end of substantial covid emergency funding um this process is in preparation uh of forming uh Alam County HD strategic plan which we're calling the housing plan right now to keep Simple um and it will inform the expenditure plan if and when the regional Bond passes um so in order to

support this process we launched the website that you see here on the screen housing needs AC um on that website you can find the report I just mentioned and even more importantly uh you can log on there and actually provide feedback to us through a survey that we've linked there um this survey has been live since last fall in October um the numbers that you're seeing are a bit old we've gotten about 8,000 views 5,000 unique visitors and over 860 survey responses um again the survey is still live so please pass it to anyone uh who's a resident of alam County that you think uh you like their voice heard on this subject we're hoping to get to at least a thousand uh survey responses so next

slide um so um we operated our community feedback process as sort of a two-lane process one was organized with supervisors and their staff where we held seven public meetings all around the county and we focused on four questions um how have high heising costs impacted you personally how H do you perceive High housing cost of impacted your community um what solution types modes would you like prioritize and which populations um would you like to see prioritized for service um the second lane we went through was a stakeholder engagement process to get feedback from Community groups that were organized as well as many of the organizations that we partner with to build affordable housing projects or provide services to adoris

communities or that are embedded within those affordable housing projects and we really wanted to get feedback about um you know gaps in funding acute needs um and lack of services as well as feedback from uh you know the lessons that we've learned during the measure A1 rollout over the last six or seven years next slide so this this is a you know a picture from one of those meetings I believe this is at the Fremont Public Library um you know you can even see me a little bit in the front but we were hoping to get feedback from everybody and I do anticipate that uh once we release the draft of our housing plan uh we will probably begin um to go through this process again and get more Community feedback on that

draft housing plan in advance of uh November next slide um so uh really briefly uh what have we learn um the full report on this process will be included in that housing plan when it's finalized and improved this summer but here on the screen are some of our big picture takeaways from that public process that we're going to try to take into our strategic plan um our job now is to sort of build that in in a way that we believe makes sense and it's accountable um separately from these individual priorities I think it's worth noting that the big picture finding was that no matter where you live in the county with barely any variation at all housing costs are the top or a top issue and it impacts County residents really deeply and really personally so residents who are adamant that providing

shelter and housing for all people but especially vulnerable populations is a basic responsibility of the government that they're not seeing um accomplished um and we also heard that even moderate income residents are really experiencing substantial impacts from my housing costs personally but also you know even more acutely through friends family and children and colleagues who who can't afford to live in Alam County um and are really impacted by that housing cost B so um we're taking very seriously building a framework that's Equitable that serves these critical needs um in the county the most critical needs first but that also provides an array of services that are diverse enough to kind of Meet the diverse um housing related needs um across the The Wider County and we also just wanted to point out since

we have folks in the room that we heard ladin clear that building up emerging developers and Community Land trusts um and even other more emergent models is going to be a huge priority for us in this document um and with any funds that we have available um you know primarily as a matter of equity but also um just to access opportunities for building out our our housing system um that smaller local organizations are best position to reach um I think those are sort of our key takeaways at the county level but I do I know I may not have a question and answer but I am available here if anyone has any questions about our process thank you so much Dylan um and I think one thing and I your cat is welcome

anytime um and I think one thing I just want to I really want to name is that you know all the pro types of programs that we're offering at the city of O we really want them to be complimentary um with the county with Alam County's offerings as well right whereas the city is not necessarily prioritizing maybe funding for first-time home buyer support the county has uh they well I think applications just closed for for AC boost um in in miday right so I think there's a there's a parity there where we're really trying to support one another recognizing that Oakland is the biggest city in the county that all residents of Oakland AR Alam County residents so it's really important um for us to be in in discussion and lock step about what our complete Suite of

services looks like for our residents for our Community Partners Etc so thank you for being here and for sharing a little bit about that um and then folks please pay attention to what's coming in later this year from the county it's going to be an exciting process um next steps next steps so just want to recap kind the timeline of events uh between April and June uh baa and its executive board will vote to approve the regional expenditure plan during this period bafa and abag executive board will also vote to place the bond on this upcoming November ballot in all nine Bay Area Counties

then in November it's the big day election day and remember it's not just baffa but also aca1 as well and then finally if the bond is passed beginning in 2025 and Beyond there will be local public meetings to approve local expenditure plans which will have opportunities for the public to weigh in on different uh expenditure plans so what is important over the next few months is to stay informed and engage We Believe staying informed and being involved in matters uh so here are some quick links on how to stay updated and continue to stay involved I know there are a variety of people even on this call here here I'll shout out St

Mary's who's organizing people and organizing seniors to uh get out the vote and update people and educate people on the bond and then finally next slide thank you thank you for joining us tonight um it's really important again that we have an educated um o that oaklands are educated about this Bond and what it could mean and that people are excited about it this really will be transformational in terms of the number of affordable housing units that we will be able to produce really for for for decades this is a a game

Cher not only for one of the money that we'll be receiving as direct allocation but also the money that baa will be retaining as a public Bank it will be then our ongoing source of funding for affordable housing which is something we have just not had uh since the end development so it's extremely exciting and uh yeah we're here to offer uh more information and answer any questions thank you um and well we'll get to a couple more of the questions I do just want to note that Andre um has put in the chat a few links number one uh please visit our city of Oakland

baffa Bond website um you'll see a Q&A on the site sorry not Q&A an FAQ frequently as questions um or we kind of will we try to get some answers to many of the questions that we've been hearing um and we'll be updating that as as as needed uh also on our city of Oakland bfab Bond website there is a recording of our previous session covers the same topics content as we did tonight um but feel free to go back and review that recording the content share it with whoever is just so excited about this and and make sure to share it wide um and also the slide deck that we used tonight and in our PR sessions is also posted on that website so that anyone

can go download it review it um and and and and email us here at hcd.ca.gov with any additional feedback or questions that you might have um I think we so this is 7:29 if you if you got to go please go we are going to take just a couple a few last questions um but before we do that council president supervisor are there any work you'd like to share as we close up today um I want to thank all the presenters uh you Chris Emily and Dylan um as Emily mentioned this is going to

be a transformative impact with this Regional Bond measure uh we're expecting about 1.5 billion coming toward the county to create a little more livable communities and uh we're happy to continue this level of Engagement and and participate in partnership with the city of Oakland or any other um community- based organizations that would like to learn more thank you thank you um I'll also just share my appreciation for having this opportunity for us as your elected officials and your city and county leaders to engage with all of you whether you are an

interested resident or a developer um or somebody else who's engaged uh in this uh Continuum of issues that we're working on including serving our homeless residents um I think for me this is really an opportunity to engage broadly prior to the city and the county adopting our spending plans uh there's a lot more Q&A that we'd like to do that we don't have time for I will try to answer uh at least one of them in terms of how we build affordable housing faster I think it's worth noting that the East 12 Street project that we mentioned earlier Not only was it one of the first projects to break ground using measure U

funding it was also Oakland's first project to be entitled using the state affordable housing streamlining Bill uh AB 2162 so it broke ground about 15 months after being approved by city council so I think that's just an example of how from the city to the county to the state and federal levels we have a real opportunity to coordinate collaborate um and really make sure we're addressing both the homelessness crisis and the housing affordability crisis and in return hopefully steming displacement and gentrification and also creating good living wage jobs along the way and my office certainly looks forward to engaging with all of you as

we go forward thank you everybody again for joining us tonight um and thank you for those closing words there's some there's some I know the the comment section wasn't available here but there's a lot of nice things coming through in the Q&A um so I really appreciate that all of you are are have been have been here have been engaged um and let us wrap up with just a few more questions that have that have been there because we committed to that um Risa I will ask you to unmute yes thank you um it just want to share a thought it feels like a game of wack-a-mole trying to get housing for

all the people who need housing and so um wondering how we move away from a culture we're housing as a commodity and something that we need to work on as as a community thanks thank you I absolutely agree and I think part of it actually is this the ability to tax ourselves for housing for what is important infrastructure Health infrastructure um is a good first

step thank you um C president V if I could just jump in I'll be brief I think it's really notable that we have a preservation strategy not only in this Regional Bond measure also in um the city of Oakland that is something that was created in partnership with tenants organizations and Community Land trusts um you know played a role in sort of helping to get that off the ground in 2019 but it's really took taken on a life of its own including with co-ops and you know deed restrictions to make uh what's currently uh rental units permanently affordable um over the course of 55 years I think is really

important and that's through Land Trust as well as cooperatives and I think that is really remarkable the fact that this Bond measure has a preservation strategy and I think we should really um h on that part um as part of the strategy that you mentioned Risa thank you so much um no just a couple more just a couple more then we're done um Derek Barnes asks what other production strategies are we considering as part of the plan to increase more below market rate housing um Beyond commercial conversions and new build initiatives you know things like adus habitability remediation off-market units Etc

yeah I can't speak to every single one of those strategies I think it's a um it's one of those things where we consider kind of all strategies right I uh there's a lot of changes we've made from on land use and entitlement side to make adus uh easier to build to uh reduce sort of the the hurdles to building uh adus and other sort of a different uh models of of housing um when it comes to providing financing for adus the city uh you know as one of our guiding principles we're not going to leave any money on the

table and we are have been very very successful at going after any state programs that exist um and so I'm trying to remember Chris the the loans that we're providing for lowincome Adu develop they they were I don't know if it's still open but they were targeted towards opportunity zones in Oakland um particular Geographic areas in which that have been historically disadvantaged so I think we still have our website up that describes that program um but if the funds aren't currently open right now then it's possible that they'd be open again in the future should more funding arise um and it would kind of follow similar guidelines soon yeah thank you um and just one more

question I want to I want to make sure we get at least one question question from the different people who have commented um but Oscar says uh this is another partiel tax that will be used specifically to finance building affordable housing correct um is there anything in this to streamline the building of affordable housing units because you know doesn't matter how much funds we get if they're locked up behind permitting delays um amongst others yeah um we are very excited that as part of our housing element and the zoning changes we uh the um city council approved a housing o affordable housing overlay uh which basically encompasses almost the entire city except for the

fire prone areas and so with that affordable housing overlay all affordable housing is approved ad ministerially uh so basically over the counter and that was something that was done to to speed up the entitlement process there's obviously a number of continued uh process changes that we can also always it on but we that is a goal for the city to make it cheaper and faster to build affordable housing thank you just wanted to make sure we got at least one question from different people who chimed in um but that brings us to the end so thank you again everybody um and yeah we will try to post this recording as well to the

website um but there will at least be one full session up there so you can review as needed the slides are up there um and just make sure that you continue to spread the word if you are in support of this uh and thank you so much for joining us tonight we really appreciate you taking the time on this Monday evening thank you take care everybody thank you and thank you Andre behind the scenes making this all Happ thank you Andre no worries thanks everyone ping It Forward great job everyone