[Dallas Housing Acquisition and Development Corporation on May 28, 2026.]
[00:00:04]
HI, GOOD AFTERNOON, AND THANK YOU SO MUCH FOR JOINING THE DALLAS HOUSING ACQUISITION AND DEVELOPMENT CORPORATION BOARD.
TODAY IS THURSDAY, MAY 28TH, 2026, AND THE TIME IS NOW 12:06 PM PLEASE BE ADVISED THAT THIS MEETING IS BEING RECORDED.
AND FOR ALL THOSE VIRTUAL ATTENDEES, PLEASE KEEP YOUR CAMERAS ON AND FACING FORWARD TO BE COUNTED IN THIS MEETING.
I WILL NOW CALL THE ROLE, AND WHEN I CALL YOUR NAME, PLEASE SAY PRESENT DIRECTOR CHRISTOPHER CHRISTIAN.
COMMISSIONER JOHN WILEY, THRIVE GROSS.
PRESENT DIRECTOR DR. DAVID WOODY, PRESENT, DIRECTOR EMILY LU, PRESENT DIRECTOR ORLANDO ALAMEDA.
PRESENT, UH, DIRECTOR THOR ERICSON.
THANK SO MUCH ALL LEGAL NOTICE HAVE BEEN PROPERLY POSTED FOR THIS MEETING.
I WILL CALL THE MEETING OF THE DALLAS HOUSING ACQUISITION AND DEVELOPMENT CORPORATION TO ORDER AT 1207 ON MAY THE 28TH.
UM, ANY PUBLIC COMMENTS AND NONE HEARING NONE, UH, NO PUBLIC COMMENTS.
WE'VE GOT OUR TREASURER CAROLINA WALKING IN, SO WE'LL ALLOW HER TO COME AND JOIN US.
UM, YOU ALL HAVE RECEIVED THE MINUTES FROM THE, ON APRIL 30TH, APRIL 30TH, 2026 MEETING, AND THESE MEETINGS WERE ALSO POSTED WITH THE AGENDA FOR PUBLIC REVIEW.
ARE THERE ANY CORRECTIONS TO THE MINUTES FROM THE LAST MEETING? I SEE DOWN MR. MR. PRESIDENT AND THERE ARE A COUPLE RECOGNIZED.
MR. WHAT, DID YOU HAVE A COUPLE CORRECTIONS TO BE MADE TO THE MINUTES? UM, UNDER APPROVAL OF THE MINUTES, UM, DIRECTOR RANDY HOPKINS LISTED AS DR. HOPKINS.
AND, UM, CAROLINA, YOU MAY, WHO IS AN OFFICER OF THE CORPORATION, BUT NOT A BOARD MEMBER IS LISTED AS A DIRECTOR ON THE, ON THE MINUTES, WE NEED TO CORRECT THAT ALSO.
UM, SO CORRECTED THEN REMOVING DOCTOR FROM RANDY.
HE DOESN'T WANNA BE A DOCTOR ANYMORE.
LISTEN, WE'LL DOUBLE YOUR SALARY.
YEAH, NO, WHERE IT SAYS APPROVAL OF OF MINUTES.
YEAH, HE, HE APPROVED THE MINUTES FROM THE LAST MEETING.
AND THEN WE'RE REMOVING CAROLINA FROM A BOARD MEMBER VOTING SEAT TO A, SHE'S AN OFFICER OF THE CORPORATION.
JUST THE, JUST THE TREASURER? YES.
SO THAT'S WHAT, THAT'S WHAT WE'RE DOING.
MR. MR. CHAIRMAN WITH THOSE CORRECTIONS THAT HAVE BEEN ENUMERATED BY MR. WILSON.
UM, AND THOSE CORRECTIONS, I'LL MOVE APPROVAL.
ANY DISCUSSION? HEARING NONE? UH, GOT A MOTION TO APPROVE.
MOVING RIGHT INTO OUR AGENDA, WE GOT, UM, ITEM FOUR, I MEAN ITEM FIVE, I'M SORRY.
UH, CONSIDERATION OF AN APPROVAL OF THE TREASURER'S REPORT FOR THE PERIOD OF APRIL 1ST, 2026 THROUGH APRIL 30TH, 2026.
UM, I BELIEVE YOU ALL HAVE RECEIVED A COPY OF THE REVISED, UH, TREASURER'S REPORT.
UM, UH, TYRONE, UM, NOTED THAT, UM, ONE OF THE CATEGORIES, ONE OF THE EXPENDITURES HAVE BEEN ALLOCATED INTO THE WRONG CATEGORY.
UM, SO THE EXPENDITURES OF 44,200, UM, WHERE RIGHT TO BE OR BE MORE ENVIRONMENTAL EQUIPMENT RATHER THAN
UM, SO THAT NOW CAN WE ASK EVERYONE ON, ON VIRTUAL TO MUTE THEIR MICS? YOU CAN DO ONE DOUBLE SIDED AND ONE OF THE OTHER ONES.
I JUST NEED TO, UH, PUT MY CLOTHES IN THE CLOSET.
[00:05:01]
OKAY.SO PAMELA, WE NEED, WE NEED YOU TO MUTE.
PAMELA, WE NEED YOU TO MUTE, MUTE, MUTE YOUR MIC LAST SECOND SOME TIME.
CAN YOU GO UP TO THE TOP OF THE SCREEN TO HER, TO HER BOX? YOU SHOULD BE ABLE TO CLICK HER BOX AND MUTE HER.
SO, UM, WITH THAT, UH, FOR THE MONTH OF APRIL, THE BEGINNING OPERATING BALANCE WAS 9,009 939,078 WITH 11 CENTS.
THE TOTAL DEBIT, UM, IS 53,674, UH, WITH 74 CENTS, LEAVING A CURRENT BALANCE IN THE OPERATING FUND ACCOUNT OF 885,403 WITH 37 CENTS, THE CITY OBLIGATION BALANCE REMAINS A CHANGE AT 562,331 WITH 1 CENTS.
UH, WITH THAT, TOTAL FUNDS ON HAND AS OF APRIL 30TH, 2026 IS 1,447,734 WITH 38 CENTS.
THIS CONCLUDES THE TREASURER'S REPORT FOR THE MONTH OF APRIL.
ON THE BOARD, BOARD LUNCH, $822 74 CENTS.
IS THAT FOR ONE MONTH? NO, THAT ACTUALLY IS EXPENDITURES FOR BOTH THAT WERE PAID OUT ON THE MONTH OF APRIL.
SO THE CHECKS THAT WERE ISSUED FOR THE MARCH AND, AND FOR THE APRIL AND MARCH LUNCHES PAY UP TWO MONTHS.
RANDY, DO YOU NOT WANNA BE FED ANYMORE?
JUST MAKING SURE
I'LL, I'LL ENTERTAIN A MOTION.
ARE YOU MOVING? ARE YOU MOVING? YOUR RECORD DOESN'T HAVE TO BE ACCEPTED.
IT'S FOR INFORMATIONAL PURPOSES.
ALRIGHT, MOVING ON TO OUR NEXT ITEM.
ITEM SIX IS THE THANK YOU CAROLINA.
WE HAVE TODAY BOARD MEMBERS CONSIDERATION AND APPROVAL OF THE SALE OF TWO LAND BANK PROGRAM WATTS TO UME GROUP LLC FOR THE DEVELOPMENT OF TWO AFFORDABLE HOUSING UNITS LOCATED AT 4 0 7 PARK STREET AND 2 5 2 1 LYNNWAY STREET.
UH, TYRONE, DO YOU RECOGNIZE, UH, MR. CHAIRMAN, BEFORE YOU DO THAT, ON THE FOUR, HAVING HEARD FROM THE ATTORNEY, IT SAYS ACTION ITEM, UH, IN THE, IN THE, IN THE FUTURE.
LET, LET'S POST THAT SAID FOR INFORMATION AL PURPOSES ONLY.
OKAY, THANK YOU MR. OKAY, SO THE DEVELOPMENT BEING CONSIDERED IS YOU MAY GROUP LLC, THE BOARD MAY REMEMBER IN FEBRUARY, FEBRUARY OF THIS YEAR, WE APPROVED THE SALE OF ONE LOT AT 4 0 6 BOBBY STREET, THE UME GROUP, AND AT THAT TIME, BOARD DIRECTED STAFF TO WORK WITH MR. UME TO SEE IF WE COULD GET HIM SOME ADDITIONAL LOTS.
AND WE'VE BEEN WORKING WITH MR. YUE FOR THE LAST COUPLE OF MONTHS, GOING BACK AND FORTH WITH, UM, DEVELOPMENT PLANS, LOOKING AT HIS FINANCIAL, UM, FINANCIAL PROJECTIONS AND DOCUMENTATION.
AND WE ARE HERE TODAY RECOMMENDING THE APPROVAL OF TWO ADDITIONAL PROGRAM LOTS AND I'LL LET HIM MAKE THE PRESENTATION AS TO THOSE LOTS.
VICTOR, PRESS THE BUTTON IF YOU, UM, SO THEY CAN HEAR YOU.
HOW YOU GUYS DOING? OKAY, WELCOME.
IT'S, IT'S, OH, UH, I'M VICTOR UMAY.
I'M THE OWNER OF UMAY CONSTRUCTION.
IS IT POSSIBLE LIKE MAKE IT A LITTLE SMALLER? YEAH.
YEAH, THAT'S, UM, SO AS TYRONE MENTIONED, UM, I AM LOOKING TO PURCHASE FOUR THROUGH SEVEN HEART STREET TO 25 21 LYNNWAY STREET AS PART OF THE, UM, THROUGH THE LAND BANK PROGRAM.
[00:10:01]
TWO HOMES WOULD BE IN THE 60 TO 80 PERCENTILE, OR 61 TO 80 PERCENTILE, AND THEN THE UNDER 60 PERCENTILE FOR THE, UH, AREA MEDIA.THE NEXT SLIDE, UH, THIS IS JUST MY DEVELOPER BACKGROUND AND TRACK RECORD.
UH, I'VE BUILT A LOT OF HOMES IN THE DALLAS AREA, SOUTH DALLAS, TRINITY GROVE, UM, AIR PARK AREA.
AND SO THIS IS ONE OF THE EXTERIORS.
THAT ONE IS 26, 26 SOUTH LAND STREET AND 7 5 2 1 5 EPISODE IN, UH, FEBRUARY.
LET'S SEE, THIS IS THE HOME FOR 4 0 7 HART STREET THAT I'M PROPOSING.
UH, THIS FITS INTO THE PD 10 52.
THIS HAS BEEN THE BOTTOMS AREA, SO THIS WILL WORK WITH THAT, UH, PART PD, THE THREE BEDROOM, TWO BATH, OH, I'M SORRY, FOUR BEDROOM, TWO BATH HOUSE WITH A ONE CAR GARAGE.
A SINGLE STORY HOME, OR 4 0 7 HAR STREET.
THIS IS THE HOME THAT, UM, CALLED FOR 25 21 LYNNWAY STREET.
IT'S A THREE BED, TWO BATH, TWO CAR GARAGE.
AND SO, UM, THINK THE, UH, I CAN'T SEE THE SQUARE FOOT.
SO, UM, AND THIS IS FOR THE, UH, 60% AND UNDER, UH, UM, UM, YOU CAN GO THE NEXT IT IS, IT'S, YEAH, I'M SORRY.
I'LL HAVE YOUR PRESENTATION SO YOU CAN CONTINUE.
SO THEN THE BUDGET BREAKDOWN AND IS HERE FOR 4 0 7 PARK STREET, UH, PROJECTED SALES PRICE TWO 60, THAT FALLS INTO THE, UH, 2 62 MAX CAP AND A NET PROFIT THAT IS 42,000.
UM, SO I'M PRETTY CONFIDENT IN THOSE NUMBERS.
I'M ALREADY BUILDING ON, UH, THE, THE ONE WE DID LAST TIME ON 4 0 6 5 STREET.
THAT ONE ACTUALLY JUST CLOSED YESTERDAY.
SO OUR, WE ACTUALLY STARTED BUILDING YESTERDAY.
WE HAD YOU DRIVE BY THAT AREA.
TODAY YOU'LL SEE FULL BOARD UP ALREADY.
UH, THE NEXT SLIDE IS 25 21, 25 21 LAND WAGE STREET.
THAT'S THE, UH, 1400 SQUARE FOOT HOME.
UM, THE PROJECTED SALES PRICE, THAT IS 2 0 5, THE NET PROFIT OF 31.
SO THE DEVELOPMENT TIMELINE AND READINESS AFTER THE BOARD APPROVAL FOR THE PERING AND PRE-CONSTRUCTION, UH, THE BOBBY STREET PROJECT, I WAS ABLE TO START THAT ONE BASICALLY AS SOON AS IT CLOSED.
UH, JUST BECAUSE I HAD ALREADY GOT PERMIT, UM, GOING WHILE WAITING ON, UH, THE LIS AND STUFF TO BE SPARED OUT.
SO, LIKE I SAID, I'LL, I'LL PROBABLY DO SOMETHING SIMILAR WITH THE, JUST THIS YOU TIME.
SO, UM, BUT I PLAN TO WORK BOTH OF 'EM SIMULTANEOUSLY.
THIS IS JUST THE, UH, THE TIMELINE, SO THE CONSTRUCTION, BUT OBVIOUSLY ANYWHERE I CAN MOVE, UH,
AND THE NEXT ONE JUST SPEAKS TO THE CONSTRUCTION TIMELINE AS WELL, UH, UH, 20 WEEK TIMELINE ON FROM, UH, CONSTRUCTION TO, UH, GETTING AND DOWN AND GETTING, UM, UH, NEXT ONE JUST SHOWS A COUPLE OF INTERIORS.
I THINK I MIGHT HAVE HAD SOME OF THESE BEFORE, BUT JUST SOME OF COMPLETED INTERIOR.
SO YOU, THE IDEA LEVEL BE, UH, I THINK FOR BOTH OF THESE, WE'LL HAVE TO CARPET IN THE BEDROOMS, BUT YOU'LL HAVE LIKE THE LPD FLOOR AND THE TRANSITIONAL AREA LIVING ALONE PILE, I MEAN BATHROOM, UH, FOR THE MATERIALS, YOU'RE GONNA HAVE, UH, A BRICK ON BOTH OF THESE HOMES.
SO YOU'LL HAVE BRICK AND THEN YOU'LL HAVE THE REGULAR BESIDE ON THE SIDE, BUT YOU HAVE, UH, B SIDE IN THE FRONT WINDOWS WOULD BE, UH, ENERGY, ENERGY EFFICIENT, LOW UTILIZING, AND THEN LED LIGHT FIXTURES THROUGHOUT R 19, UH, WALL INSTALLATION.
SO IT WOULD BE, UH, A REALLY NICE HOME FOR WHOEVER BRINGS UP PURCHASING.
THESE ARE JUST SOME OF THE OTHER EXTERIORS I'VE DONE, SOME OF THE OTHER HOMES THAT I'VE COMPLETED.
[00:15:02]
SO YOU CAN JUST SEE SOME OF THE THINGS I'VE ALREADY DONE IN THE DALLAS AREA, PARTICULARLY SOUTH DALLAS FAIR PARK AREA.AND THEN, UH, JUST SOME OF THE COMMUNITY BENEFITS AND D-H-A-B-C MISSION ALIGNMENT AS FAR AS FOR DEVELOPING AFFORDABLE HOUSING AND, UH, HELPING TO STABILIZE NEIGHBORHOOD IN THE AREAS.
AND, UH, AS FAR AS OUTREACH, ONE OF THE THINGS WE'RE DOING IS, UH, UM, ALREADY STARTED KIND OF REACHING OUT TO, I HAVE A LOAN CONTACT AT, UH, SOUTH STATE BANK.
THEY HAVE A PROGRAM THEY PARTNER WITH ENGAGED, I MEAN WITH THE, UM, AFFORDABLE HOUSING INITIATIVE.
UH, ALREADY STARTED, UH, WORKING WITH LENDERS, POTENTIALLY IDENTIFIED BUYER WHO MIGHT BE ABLE TO FIT INTO THE BUYING CRITERIA FOR SOME OF THE HOMES THAT I'M DEVELOPING.
I HAVE, AT THIS POINT, I'M, IF I COULD GET THESE TWO, I WOULD HAVE THIS HOME IN EACH INCOME BAND.
SO ESSENTIALLY WHEREVER THEY QUALIFY FOR, I HAVE THE PRODUCT AND THEY PURCHASE.
I, I RESPECTFULLY ASK THAT, UH, THE BOARD APPROVE MY DEVELOPMENT OF 4 0 7 HARD 25 0 1.
MR. UH, MR. CHAIRMAN, LET ME ASK MR. DOE, THANK YOU AGAIN, AND ESPECIALLY FOR THE BRICK.
YES, I, BUT I NOTICED ON, ON YOUR, YOUR, YOUR, YOUR PROFITS OF YOUR COST.
IS THAT BECAUSE YOU ARE IN THE WHAT, WHAT THE, WHAT'S THE D VARIES.
YOU SAID THE DIFFERENCE IN THE LOCK COST? YEAH, WELL THAT'S THE ONE.
SO THE 4 0 7 HAR STREET IS, IS THE 60 TO 80% A MI BAND.
SO THEN THAT LOT IS THE 13,500, AND THEN THE 25, 21 LYNNWAY IS THE UNDER 60%.
THAT'S OBVIOUSLY IF IT COMES IN WITH WITHOUT ANY LIENS, UM, OR YOU THINK AGAINST IT.
BUT THAT'S WHAT I'M JUST, THOSE ARE THE NUMBERS I HAVE.
I WELL, NOT THE FINAL, NOT THE FINAL, WHATEVER THAT MAY BE THAT TRUE.
JUST FOR THE RECORD, CITY LEADS, CITY LEADS WILL BE WIPED OUT.
WHAT MAY REMAIN IN SOME OF THE TAXES THAT WEREN'T EXTINGUISHED WITH THE FORECLOSURE, 90% OF THE TAXES, MAYBE MOST TIMES 98% OF THE TAXES HAVE BEEN WIPED OUT WITH THE FORECLOSURE.
SOMETIMES THERE'S A NOMINAL AMOUNT THAT'S LEFT OVER, USUALLY IT'S LESS THAN A THOUSAND DOLLARS.
YOU KNOW, THAT'S THE DEVELOPER'S RESPONSIBILITY BECAUSE THEY WERE NOT EXTINGUISHED WITH THE FORECLOSURE WHEN WE ACQUIRED THEM.
THAT, THAT FINAL NUMBER WE HAVE.
I HAVE A QUESTION FOR MR. UH, OKAY.
UM, THIS PROPERTY IS, UH, LOCATED AT THE BOTTOM.
THAT PD HAS A SPECIFIC DESIGN DEADLINE.
YOU'RE AWARE OF THAT? YES, MA'AM.
PD 10 52, I BUILT, I BUILT, UH, TWO HOMES IN THE BOTTOMS ALREADY.
THE OTHER ONE, I'M JUST LOOKING IT UP.
ARE YOU AWARE OF THAT PD IS IN PD 5 95, RIGHT? YES, MA'AM.
YOU'RE AWARE THAT THERE'S GOING THROUGH A, A REVISION PROCESS RIGHT NOW AND PAST CPC LAST WEEK, IT SHOULD GO, SUPPOSED TO GO TO CITY COUNCIL, UH, WITHIN THE NEXT FEW WEEKS.
SO AS FAR AS FOR THE PD, YOU'RE SAYING? YEAH, THE PD ALSO HAS DESIGN STANDARD.
WHEN, WHEN YOU, UH, SO SINCE YOU HAVE NOT SUBMITTED THE PERMIT, IF THAT PASSES, YOU HAVE TO COMPLIED WITH THE DESIGN GATHER, MR. CHAIRMAN, LET ASK OTHER DIRECTOR.
SO HOW DOES THAT IMPACT HIM BASED ON WHAT YOUR KNOWLEDGE? UM, THE, I I LOOK AT THE DESIGN THERE, THE GARAGE, UH, IT MIGHT HAVE IMPACT ON, DEPENDS ON, UH, HOW THIS IS KIND OF TWO DIMENSIONAL, WHETHER YOUR GARAGE IS IN FRONT OF THE HOUSE OR BEHIND THE HOUSE.
SO THERE MIGHT BE, UM, THE LOCATION OF THE GARAGE, THE SIZE OF THE GARAGE COULD IMPACT THAT.
WELL, THAT ORDER HAS NOT BEEN PASSED YET, BUT IT COULD BE IN THE NEXT FEW WEEKS.
WELL, I GUESS SO I'LL ENCOURAGE YOU TO, UM, GET INVOLVED IN THAT TO, BECAUSE LOOK LIKE YOU'RE READY TO SEND A PERMIT.
SO, YEAH, LET'S, AGAIN, MR. CHAIRMAN, UH, SORRY, I, I'M, I'M A LITTLE CONCERNED ARE WE BOXING HIM BECAUSE HE'S COMING WITH A PROJECTED KIND OF COST A, A PRESENTATION TO WHAT HE KNOWS NOW, THEN I HEAR YOU SAY SOMETHING IS GOING TO COUNCIL HERE IN THE NEXT, YOU KNOW, WEEK OR SO.
[00:20:02]
SO CO WHEN COSO APPROVE THAT PD, IT BECOME EFFECTIVE IMMEDIATELY.SO IF HE SUBMITTED BEFORE THAT, YOU KNOW, THERE'S NO STANDARD IF HE SUBMITTED AFTER THAT, HE HAS TO COMPLY WITH THE STANDARD FOR THAT PD.
SO IF HE GETS HIS PERMITS IN, GETS HIM APPROVED BEFORE THE CHANGE, AND HE'S, HE'S GOOD TO, HE MIGHT BE GOOD, BUT THEY STILL LOOK AT DIFFERENT THINGS.
BUT AFTER THAT THERE'S A LOT MORE DESIGN RELATED DANGERS.
THAT'S WHY I WANT TO BRING IT UP.
I THINK THE COMMISSIONER PRICE'S POINT, IT'S JUST HIS NUMBERS ARE LOCKED.
HE'S GOT A PROJECTED BUDGET BUILT INTO THIS DESIGN AND HIS COST WITH THE CURRENT FILE STAFF WOULD NOT HAVE NO E OF, UH, GIVE ANYBODY EXEMPTION.
SO, BECAUSE IF IT COSTS, IF IT'S A PERMIT AFTER THAT LAW PASSED CITY COUNCIL, OUR PERMANENTLY STAFF HAVE FOLLOW THAT.
BUT IF HE, EXCUSE ME, MAYBE HE SUBMITS IS ONE THING.
ARE YOU SAYING SUBMIT AND APPROVE OR JUST SUBMIT IT? SUBMIT HE HAS TO GET IN IF HE, IF HE LEAVES, SUBMIT IT COMPLETE APPLICATION.
IF HE LEAVES HERE TODAY AND, AND, AND SUBMITS, IS THAT POSSIBLE? THAT'S, THAT'S POSSIBLE.
UH, AS LONG AS BEFORE THE CITY COUNCIL WILL PASSES THAT ORDINANCE, CITY COUNCIL CAN ALSO MAKE SOME CHANGE LAST MINUTE.
AND IF HE CAN GET IN THE APPLICATION IS COMPLETE, HE SHOULD BE FINE.
WELL, I'M NOT, BUT IF YOU SUBMIT SOMETHING AFTER THAT, THEN THERE'S NOTHING STAFF CAN DO, HAVE FOLLOWED THAT.
IF HE SUBMIT SOMETHING BEFORE THAT, BUT APPLICATION IS COMPLETE AND HE HAVE TO VIS THAT, THEN THAT MIGHT BE, I I HEAR YOU MAD, BUT YOU KNOW, I'M, I'M A, I'M A LITTLE CONCERNED.
HE'S CALM, HE'S MADE A PRESENTATION.
WHAT'S ON THE GROUND, HE'S MOVING FORWARD.
HE SEEMS TO BE SOMEWHAT SOME FAMILIAR WITH THE, WITH THE ZONES, I GUESS.
AND MR I DON'T KNOW MR. UMAY EXCEPT FROM PRESENTATION BEFORE.
I JUST FEEL LIKE WE'RE, WE'RE PUTTING HIM, YOU KNOW, PUTTING HIM IN A BOX, PLACING THEM IN A BOX AND YOU KNOW, WE NEED TO, SOME OF US COME AND ADVOCATE FOR MR. I JUST DON'T THINK THAT'S THAT'S FAIR TO THE APPLICANT.
I, I HEAR WHAT YOU ARE SAYING.
AND ALSO NEXT MONTH OUR STAFF WILL COME HERE TO MAKE A PRESENTATION ABOUT P 5 95.
SO WE'RE ALL, YOU KNOW, EVERYBODY KNOW WHAT THAT IS AND UM, SO THAT'S WHY I WANT TO BRING IT UP.
MAYBE HE HAS OPPORTUNITY TO SUBMIT IT BEFORE THAT.
UM, BUT IT'S, YOU KNOW, HE LOOK LIKE HE SUBMITTED THE OTHER ONE.
DID YOU SUBMIT THE BEFORE
THEY ARE THAT WE, Y'ALL MAKE IT MY POINT.
I THINK, I THINK THE ANSWER TO THAT QUESTION IS YES, BUT I WOULD DEFER TO JENNIFER BECAUSE I THINK WE MAY NEED TO BRING THAT BACK TO THE BOARD IF THAT HAPPENS TO CHANGE THE, A MAMI GRANT TO CHANGE THE A MI BAN.
AND THEN WHAT DO NEED TO DO ABOUT THE, THE DESIGN CHANGES? WELL, THE DEVELOPMENT AGREEMENT DOES NOT INCLUDE THE PLANTS.
IT'S JUST VERY, UM, IT'S JUST FOUR BEDROOM, TWO BATH TO AN HOUR, YOU KNOW, TWO CAR GARAGE.
SO AS LONG AS HE COMPLI WITH THOSE STANDARDS OKAY, HE'S FINE.
UM, SO THAT, THAT WON'T BE AN ISSUE.
BUT IF YOU WANNA CHANGE THE A MI VAN, THEN THAT ISN'T, WELL AGAIN, MR. MR. CHAIRMAN, THAT'S NOT WHAT I HEAR.
YOU KNOW, MY COLLEAGUE DIRECTOR SAY THAT IT MIGHT IMPACT IT.
AND SO THE, THE DESIGN, IS THAT CORRECT? YEAH, THERE WILL BE SOME DESIGN STANDARD 5 95, BUT IT DOESN'T LOOK LIKE THE CONTRACT HAS ANYTHING RELATED TO DESIGN.
IT JUST SAYS FOUR BEDROOMS, TWO BATH, TWO CART GARAGE.
MR. UIN NEEDS TO DECIDE WHETHER HE, HE WANTS TO MOVE FORWARD TODAY AND KNOWING THAT THERE'S A POSSIBILITY THAT HE'S GONNA HAVE TO MAKE ADJUSTMENTS IF HE DOESN'T GET HIS PERMITT IN TIME BEFORE THE COUNCIL MAKES THIS CHANGE.
I, AND IN THE INTERIM, HE NEEDS TO UNDERSTAND WHAT THOSE CHANGES COULD POSSIBLY BE AND, AND, YOU KNOW, ALTER HIS DESIGN ACCORDINGLY.
BUT THAT'S NOT FOR, YOU KNOW, HE, IT'S, IT'S UP TO HIM TO DECIDE WHETHER HE JUST MOVE FORWARD TODAY WITH THIS NEW INFORMATION.
[00:25:01]
I GET THAT.BUT IT APPEARS AS THOUGH WE'RE PLACING, I, I'M GLAD SHE BROUGHT IT UP, BUT WE'RE PLACING, BUT HE APPARENTLY DONE A LOT OF WORK ON IT AND, AND, AND WE'RE ASKING HIM BASICALLY ON THE FLOCK, HE GONNA MAKE A DECISION.
HE, HE, HE DECIDE IF YOU GOING, YOU KNOW, STAY A GO.
THAT'S, THAT'S, THAT'S JUST A TOUGH PREDICAMENT TO PLAY.
SOMEONE WHO'S TRYING TO PUT TOGETHER AFFORDABLE HOUSE, IN MY OPINION.
AND AGAIN, I APPRECIATE, YOU KNOW, DIRECTLY BRINGING IT UP, BUT THAT'S JUST DIFFICULT POSITION.
YEAH, I THINK IT'S A LITTLE HARD TO MAKE THAT DECISION IF I DON'T KNOW WHAT THE PDS GOING INTO.
SO, SO THEN DECISION IS EASY IN TERMS OF WHAT WE DO TODAY, BECAUSE WE'LL HAVE TO POSTPONE THIS BECAUSE WE'RE NOT, NOT LOT.
ONE IS NOT IN 5, 9, 5, THE OTHER 1, 5, 9 5 ONLY.
BOTH HAS DESIGN STANDARD, BUT ONE HAS BEEN THERE FOR A WHILE.
HE LIVES, HE LIVES IN THE BOTTOM.
IN FACT, THE LAST PRESENTATION WITH WE, WE, UH, WE CUR HIM ON THAT.
MY, MY, MY CONCERN IS WHAT MR. MAKE, WHAT DOES THAT DO? IF IF SOMEHOW THIS GETS TABLED AND YOU GET A, GET A CHANCE LATER ON, IT MAKES IT 'CAUSE HE JUST, HE JUST TOLD US, THIS IS THE SAME THING I'VE SAID TO THIS BOARD BEFORE.
HE JUST, HE IS LOOKING AT THE ECONOMIES OF SCALE AND, AND, AND I I HEARD HIM SAY A FEW MINUTES AGO THAT AT LEAST I THOUGHT I HEARD DID, DID I HEAR YOU CORRECT IN TERMS OF TRYING TO BEGIN WITH THE TWO? THE TWO, YEAH, I WORK BOTH OF THEM.
AND SO I'M AND AND I I HEAR ONE, BUT THAT'S NOT A GOOD WAY TO DO BUSINESS.
SO COMMISSIONER, SO DIRECTOR EMILY, COULD YOU GIVE US A OVERVIEW, A DETAILED OVERVIEW OF WHAT POTENTIAL CHANGES COULD OCCUR IN PD 5 95 THAT MIGHT IMPACT HIS DEVELOPER SO HE CAN MAKE AN INFORMED DECISION TODAY IN QUEENS? BECAUSE IF IT'S JUST THE GARAGE MOVE FROM THE FRONT TO THE BACK OR SIMPLE DESIGN THAT HE CAN FIX EASILY, HE MAY WANT TO GO AHEAD AND MOVE FORWARD WITH THE SCALE OF TWO PROJECTS FOR X POINT.
THE ONLY PROBLEM WITH THAT IS COUNCIL CAN MAKE WHATEVER CHANGE THEY WANT.
SO HE'S THINKING, OKAY, THIS IS WHAT THEY'RE LOOKING AT IN THE LAST MINUTE.
COUNCIL DECIDE, NO, WE WANNA DO X DIFFERENT, I I WOULD NOT GIVE THAT ADVICE AT THIS MOMENT.
LOOK BARELY LOOKING AT JUST A FRONT APPLICATION.
THERE'S A LOT MORE TO IT, BUT I JUST WANT HIM TO BE AWARE OF, YOU KNOW, THERE IS, UH, A CHANCE THAT HAVE SUE AND THEN THIS DOES NOT BE THE DESIGN STANDARD.
SO IF IT, IF HIS PERMIT APPLICATION IS COMPLETE AND IT'S IN PRIOR TO ITS PASSAGE, THEN HE'S FINED UNDER THE EXISTING AND EXISTING.
SO THE PD, IS THAT COVERING IN
WE JUST CHECK IS IN P 5 95 AND THERE IS A MASSIVE RELIGION TO THAT RIGHT NOW.
AND THAT'S THE, AND THAT COVERS THE QUEEN CITY HISTORIC DISTRICT.
UM, BUT IT WON'T PROCEED HISTORIC.
IT'S, IT IS IN THE, YOU ARE IN HISTORIC DISTRICT.
THAT'S WHAT I'M, I THINK THE QUEEN CITY IS IN THE PROCESS OF BE LIKE HISTORIC.
COULD YOU ANOTHER LAYER? IT MIGHT BE ADDITIONAL STANDARD.
THAT WAS IN THE PROCESS OF BECOMING HISTORIC DISTRICT AND BECAUSE OF THAT AND THE HISTORIC STANDARD MAY ALSO APPLY.
SO THIS IS KIND OF A VERY UNIQUE LOCATION.
UH, BUT UH, IF YOU WANT, GIVE ME A LITTLE MORE DETAILS ON THESE, WE CAN TALK ABOUT IT.
I CAN HAVE A MEETING WITH YOU WITH OUR STAFF.
THIS COULD BE IMPACTFUL HISTORIC DISTRICT AND PD 1 5 95.
BUT YOU PERCEIVE THIS KNOWING THAT YOU MAY HAVE TO REDESIGN THIS AND FEEL COMFORTABLE.
YOU MIGHT BE ABLE TO GET THE
UM, YEAH, THAT'S, THAT'S WHAT'S GOING ON RIGHT NOW.
I THINK, UM, FROM MY STANDPOINT, TO BE HONEST WITH YOU, LIKE I, I WOULDN'T WANNA GO ON, I MEAN, BECAUSE EVEN IF YOU LOOK AT THE MARGINS ON THAT YEAH, DON AT SOME POINT IT JUST DON'T MAKE A LOT OF SENSE.
AND ANTONIO, ARE YOU ABLE TO, TO ADD CONTEXT TO THIS CONVERSATION? DO YOU HAVE SOMETHING THAT YOU CAN ADD? YEAH, THAT'S WHY I WAS TO THE MICROPHONE.
YOU NEED TO, I'M ANTONIO EVERETT, UH, I'M COMING UP NEXT.
[00:30:01]
CAMP TOO.I CAN'T HERE GO THROUGH MINE, BUT I JUST BUILT THE HOUSE ON DATE.
SO THEY ALREADY HAVE A HISTORIC DESIGNATION ON DATE, BUT DOWN.
I ALREADY PRONOUNCE MARK, SO I DON'T KNOW ALL D ALRIGHT, SO THEY ALREADY HAVE IT SO YOU CAN'T, YOU'RE NOT GONNA SKIP PERMIT.
THEY ALREADY HAVE HISTORIC DESIGNATION, SO THAT HAS TO BE CONSIDERED IF ANYWAY IS CONSIDERED IN QUEEN CITY HISTORIC DESIGNATION, QUEEN CITY NEIGHBORHOOD.
IT ALREADY HAS IT BEFORE THAT PD.
THAT PD IS JUST GOING TO ADD SOMETHING TOO.
SO I PROBABLY, JUST TO BE HONEST WITH YOU, I'D PROBABLY LIKE, UH, JUST PULL IT DOWN.
YEAH, I'D PROBABLY JUST NOT EVEN DO THAT WHEN I, I KNOW WE'VE TALKED ABOUT SOME OTHER ONES.
YEAH, I WAS JUST TELLING THE, THE CHAIR, IF IT'S, IF IT'S A HISTORIC DISTRICT, WE NEED TO GO BACK AND REEVALUATE AND CHANGE.
'CAUSE THOSE I BANDS WON'T WORK FOR A HISTORIC DISTRICT.
WE NEED TO CHANGE THE I BAND ON THAT ONE AND LOOK AT, FIND SOMETHING ELSE THAN WHAT WE, OKAY.
ANYTHING ELSE MR. CHAIR ONE MORE TIME.
SO IF YOU CAN CHANGE THE A MI BANDS IS, IS THAT THE ONLY THING THAT PRECLUDES HIM MAKING YOUR NUMBERS WORK? THAT'S YOUR CALL? YEAH.
I MEAN I, IF I GUESS I, I WOULD JUST HAVE TO SEE WHAT OTHER, OKAY, LET'S JUST THAT BEFORE, I KNOW THAT IT'S REALLY HARD FOR ME TO SAY, RIGHT.
MAKE, MAKE YOUR BEST DECISION.
I THINK THAT WOULD, I MEAN AT THE LOWEST A ON MY BAND, IT JUST, I KNOW IT AIN'T GONNA WORK.
I REALLY CAN'T AFFORD TO MAKE ANY FOR CHANGE ON WHAT I GOT, BUT IF EVEN MAKES SENSE.
SO WHICH PROPERTY IS THIS? WE'RE CONSIDERING, WE'RE TALKING ABOUT LIN 25, 21 LIN WAY.
SO, SO ARE WE GONNA PULL THIS ONE OFF? YEP.
MR. CHAIRMAN, I'LL, YEAH, I THINK, I THINK WE, WE SHOULD PULL THIS ONE OFF.
AND, AND, AND SO THAT IT WON'T, THE WORK HE'S PUT IN, I WOULD ASK, I'M GONNA SEPARATE MY, MY, UH, MOTION ON THE CONSIDERATION OF APPROVAL OF THE, OF ONE LAND BANK LOCK TO UME GROUP LLC FOR THE DEVELOPMENT OF ONE FOUR HOUSING UNIT LOCATED AT 4 0 7 HARD STREET IN DALLAS.
AND THEN IN THAT SAME MOTION, 25 21 LYNNWAY STREET COUNCIL.
UM, THE RESOLUTION WILL NEED TO BE VIS RIGHT.
BUT TELL THAT GIVES THAT GIVES HIM CHANCE TO, AND I'LL BE HAPPY TO BE WITH YOU.
ONCE HE START DISTRICT AND I'LL, YOU COULD MAKE IT SLEEP AND I MEANT TO LOOK AT DETAIL WHAT THIS IS, BUT I THINK THAT'S SO CANNOT MAKE IT ON.
ALRIGHT, I GOT A MOTION AND A SECOND.
ANY DISCUSSION? I WANNA SAY ONE THING, UH, MR. MAY, I WANNA THANK YOU FOR YOUR LAST PRESENTATION AND PROVIDING YOUR TIMELINE IN THE BOTTOM AND SHOWING THAT YOU'VE MET THAT TIMELINE AND THAT YOU'RE ALREADY AT MORE BOARDS.
SO I APPRECIATE YOU FOLLOWING THROUGH WITH THAT AND THANK YOU.
WE GOT A SECOND IF THERE'S NO OTHER DISCUSSION, ALL IN FAVOR OF THE APPROVAL OF THE ONE LAND BANK BLOCK, TO WHO MAY ROOT LLC SAY AYE.
AND THE OTHER PART OF THAT IS THE TAPE.
DO I, I NEED THE MOTION TO REFLECT THE TABLING OF OF 25 21 LYNNWAY.
THAT WAS IN THE FIRST MOTION, CORRECT? RIGHT.
IT WELL, BUT I DIDN'T, BUT, BUT I THINK WHEN YOU RESTATED, YOU RESTATED PART I DO WE NEED TO SAY IT AGAIN.
YOU TO ADD THAT THE LEADWAY PROPERTY IS BEING TABLED MOTION.
THE, THE 25 21 LYNNWAY STREET PROJECT IS BEING TABLED.
AND I HAVE CALL THE QUESTION ALL ALL IN FAVOR? A.
THANK YOU MR. THANK YOU, MR. THANK.
UM, ACTION ITEM NUMBER SEVEN, THE CONSIDERATION AND APPROVAL OF SALE OF TWO LAND BANK PROGRAM.
LOTS TO AE EQUITY GROUP LLC FOR THE DEVELOPMENT OF TWO AFFORDABLE HOUSING UNITS LOCATED AT 4 4 9 PARK STREET AND 4 4 5 PARK STREET.
OKAY, SO THE DEVELOPER FOR, FOR THESE LOTS IS AE EQUITY GROUP.
IN DECEMBER OF 2025, THEY SUBMITTED AN APPLICATION FOR MULTIPLE LAND BANK LOTS.
UM, THEM, WE, WE AWARDED THOSE LOTS AT THE LAST BOARD MEETING, BUT IT WAS DISCOVERED THAT ONE OF THE LOTS THAT THROUGH DUE TO A GLITCH IN OUR DATA SYSTEM, WE DID NOT OWN.
SO WE, THE BOARD DIRECTED US TO REPLACE THAT LOT WITH ANOTHER
[00:35:01]
LOT AND HE'S AGREED TO TAKE TWO LOTS.SO, UM, WE LOOKED AT HIS, HIS FINANCIALS, WE LOOKED AT HIS CAPACITY, WE LOOKED AT HIS PLANS AND WE ARE RECOMMENDING MR. BOARD THAT THE BOARD APPROVE HIM FOR TWO ADDITIONAL LAND BANK FLIGHT AND I'LL LET HIM MAKE HIS PRESENTATION.
WELL, UH, GOOD AFTERNOON, I'M ANTONIO EVERETT.
UM, I'M GLAD TO BE HERE AGAIN.
UH, MR. WILSON GAVE ME A CHANCE TO DO A VIRTUALLY, BUT I ENJOYED COMING SO MUCH LAST TIME.
UM, YOU CAN GO TO THE NEXT SLIDE.
WE HAVE THE PRESENTATION IF YOU JUST WANT TO TOUCH ON THE HIGH POINTS.
I KNOW YOU SAID YOU GOTTA PICK UP YOUR KIDS.
OKAY, SO FOR THE HIGH POINTS, UM, THE REASON I TOOK TWO LOTS BECAUSE THEY'RE SIDE BY SIDE AND IT MAKES IT A LOT EASIER TO WORK BOTH AT THE SAME TIME.
UM, BANK HAS ALREADY AGREED TO LET ME DO, DO 'EM AT THE SAME TIME.
SO YOU CAN SLIDE, GO TO THE NEXT SLIDE.
SO, UM, THIS IS A BILL ALREADY, UM, DONE THROUGH THE TO LAND BANK BEFORE, UH, WITH A FRIEND OF MINE.
SO I STOLE HIS PLANTS AND PLANNED ON DOING THE SAME DESIGN IN THE BOTTOM.
IT ALREADY PERFORMED TO THE PD, SAME FINISH OUT I'VE DONE IN OTHER HOUSES AND IT PERFORMS THE AREA PRETTY GOOD, UH, WITH THAT LOT SIZE.
UH, THOSE PICTURES JUST SHOW THE FRONT, UM, OF THE HOUSE, UH, GARAGE AND THEN SOME OF THE FINISH HOUSE, THE INTERIOR AND THEN THE BEDROOMS, BATHROOM.
AND WITH THAT LOT SIZE WE WERE ABLE TO DO A ONE PART OF THE GARAGE.
AND MOVING ON TO THE NEXT SLIDE, THE NEXT SLIDE JUST SHOW SOME OF THE POSSESSIONS, HOW LONG IT TAKES, UM, THE PROJECTED COST, ANTICIPATED SALE DATE COUNT ON CLOSING COSTS, UH, AND NET PROFIT, WHICH YOU HAVE IN THAT PRESENTATION.
SO THAT'S THE INFORMATION FOR 4 45 PARK STREET.
AND MOVING TO THE NEXT ONE, THEN THE NEXT ONE IS 4 49.
UH, THIS LOTS, UH, DOES WITH THAT PD YOU HAVE TO HAVE THE, UH, COVERED ENTRYWAY, BUT THAT LOT SIZE DOES ALLOW FOR A TWO CAR GARAGE.
UH, THIS ONE IN THE 60 AND MY VAN, THAT'S ONE STORY.
TWO CAR GARAGE, TWO SQUARE FOOT, FOUR BEDROOM, TWO BATHROOM, TWO PART GARAGE BECAUSE OF THE LOT SIZE AND THE LIFT ALLOWS FOR.
SO THOSE ARE SOME OF THE PICTURES OF THE FINISH OUT THAT PROJECT.
I, I PUT THIS HOUSE A COUPLE TIMES.
OKAY, MOVING ON TO THE NEXT SLIDE.
IT JUST SHOWS THE TIME, TIMELINE, 120 DAYS.
I KIND OF FOLLOW THE SAME TIMELINE MR.
I LIKE TO GET PERMITS DONE BEFORE.
I LIKE TO GET MY PERMITS DONE SO THE DAY I CLOSE, I CAN START WORKING BECAUSE DAY I CLOSE BANK, START INTEREST INTO GAS WHERE I CAN START WORKING OR LESS INTEREST OR APPLE PAY.
AND I ALSO LIKE TO, BEING A REAL ESTATE AGENT AND BROKERAGE, I PRELIST MY HOUSES.
SO I LIST THEM EARLY, STARTED GETTING INTEREST IN THE HOUSES EARLY.
THAT WAY I CAN GET THOSE BUYERS, POTENTIAL BUYERS OVER TO, UH, MR. WILSON'S DEPARTMENT TO START BETTING HIM HURT.
SO I TRY TO PRE-LIST HAPPEN AND HAVE BUYERS FORM.
AS SOON AS THEY GET DONE, I GET A CERTIFICATE OF YES, ONE QUESTION.
YES SIR, YOU CAN RECEIVE THAT PERMIT FOR YOUR OWN PIECE OF PROFIT.
NOW, IT'S NOT ALWAYS THE SMARTEST THING.
IF SOMETHING HAPPENS THEN YOU PAY FOR IT AND SOMETHING'S HAPPENED.
BUT, UM, I DIDN'T HAVE AN ISSUE WITH THE FIRST TIME.
I HOPE I DON'T HAVE ISSUES THIS TIME, BUT IT SAVES SO MUCH TIME GETTING SURVEYS PERMITING DONE BEFORE.
BUT IT DOES COME AT A RISK, BUT IT'S A RISK THAT YOU ARE WILLING TO TAKE.
HOW LONG DOES IT TAKE? UH, BETWEEN WE APPROVE A ALIVE AND THEN, UH, AND THE CLO THE CLOSING OF THE PROPERTY? ABOUT A MONTH.
YEAH, AND I THINK HE JUST WENT TO THE, THE CHAIR DIDN'T MUCH MR. CHAIRMAN, UH, HE JUST SAID THAT, UH, THE WAY HE, UH, OPERATIONALIZES, HE, IT SAVES HIM ABOUT, SO HE SEEMED LIKE HE, HE'S GOT SOME NEUTRALITY, SO.
WE RECOGNIZE THERE'S NO DISCUSSION.
ANY, ANY, ANY OTHER QUESTIONS FOR THE DEVELOPER?
[00:40:01]
I, I HAVE NOW MR. CHAIRMAN, BUT IF YOU CAN ASK MY COLLEAGUE TO APPROVE SALE UP TO LAND BANK LOTS.THE A AE EQUITY GROUP LLC FOR THE DEVELOPMENT OF TWO AFFORDABLE HOUSING UNITS LOCATED AT 4 49 HART STREET AND 4 45 HART STREET IN DALLAS, TEXAS.
SECOND, I HAVE A MOVE MOTION AND A SECOND.
UM, MR. CHAIRMAN, THANK THANK YOU MR. WILSON FOR, BECAUSE I'D ALREADY MADE NOTES FROM ITEM SIX OF THE PREVIOUS MINUTES ABOUT THE, UH, THE LAST LOCKS AND PUT IT IN THE RECORD.
UM, MOVING ON TO ITEM EIGHT, WHICH IS ANOTHER ACTION ITEM.
IT'S THE CONSIDERATION AND APPROVAL OF SALE OF ONE LAND BANK PROGRAM LOT TO NOTRE DAME PLACE, INC.
FOR THE DEVELOPMENT OF ONE AFFORDABLE HOUSING UNIT LOCATED AT 26 30 CAMEL CORE.
OKAY, SO THE DEVELOPER BEING CONSIDERED FOR THE SALE OF ONE LAND BANK LOT IS NOTRE DAME PLACE.
THEY'RE A NONPROFIT, THEY ARE ONE OF THE CERTIFIED DALLAS COMMUNITY HOUSING DEVELOPMENT ORGANIZATIONS, OR SHUTTLE YOU CALL THEM.
UH, THEY HAVE EXPERIENCE IN DEVELOPING AFFORDABLE HOUSING UNITS WITHIN THE CITY AND THEY PARTICIPATED IN PROJECTS SUPPORTED BY BOTH HOME FUNDS AND OTHER PUBLIC FUNDING SOURCES.
THEY SUBMITTED AN APPLICATION FOR EIGHT LAND BANK LOTS AND DURING THE PROCESS OF WORKING WITH STAFF TO, TO PUT THAT PROPOSAL TOGETHER, UM, THEY DECIDED TO ULTIMATELY REQUEST ONE LOT AT 26 30 CAMPBELL PORT.
UH, JOE DAMON IS THE, THE PRESIDENT OF FLORIDA DAM INC.
IS THAT YOUR TITLE PRESIDENT? YOU'VE INFLATED MY TITLE QUITE A BIT.
UM, AND THEY'RE CERTIFIED CHODO WITH EXPERIENCE IN DELIVERING AFFORDABLE HOUSING PROJECTS AND WE RECOMMENDED APPROVAL OF THE ONE LOT THAT THEY HAVE EQUIPMENT.
WHY DID YOU DECIDE TO GO FROM EIGHT TO ONE? UH, I THINK THREE OF THE EIGHT REQUIRED REPLANNING.
WHICH IS THE PROCESS WE HAVE TO REFUSE TO START WITH THE CURRENT CITY PROCESS FOR REPLANNING.
THERE WERE A COUPLE OF THEM THAT, UH, WE DIDN'T, THAT, THAT HAD PHYSICAL OBJECTIONS OR ANY OBSTRUCTIONS THAT WE COULDN'T REALLY BUILD WHAT WE WANTED.
UH, WE ENDED UP, UH, BASICALLY CONCENTRATING ON THE FIVE MILE NEIGHBORHOOD FREEZE ON GETTING SECOND.
I AM TREASURER OF NOTRE DAME PLACE, INC.
THAT IS A, UH, I'LL TELL YOU A LITTLE BIT ABOUT NOTRE DAME.
IT'S BEEN AROUND, UH, SINCE 2011.
IT, UH, NOVEMBER OF THE CATHOLIC HOUSING INITIATIVE, EXCUSE ME, WHICH IS A MUCH LARGER NONPROFIT THAT HAS A COUPLE THOUSAND RENTAL HOUSING UNITS SCATTERED AROUND DALLAS COUNTY, INCLUDING, UH, 600 9500 FOR HOUSING UNITS THAT IS, UH, HOUSING FOR CHRONICALLY ILLNESS.
UM, WE ARE GOVERNED BY AN INDEPENDENT, UH, BOARD OF DIRECTORS.
SIX PEOPLE WE'RE DIVERSE, UH, IN TERMS OF ETHNICITY, IN TERMS OF OFFICIAL BACKGROUNDS AND IN TERMS OF GENDER, UH, NOT EMPLOYEES AND PRIOR PROJECTS.
ONE IS A SMALL RENTAL PROJECT CALLED MADISON AVENUE THAT'S TARGETED FOUR UNITS TO LOW INCOME, FOUR UNITS TO MARKET
IT IS A 14 UNIT FOR SALE TOWNHOUSE DEVELOPMENT, 19 MORE SALES.
UH, ALL THOSE UNITS ARE TARGETED TO FULL INCOME.
THAT WAS ABOUT EIGHT, 10 YEARS AGO.
THE SELL THROUGH WAS, UH, QUITE SUCCESSFUL.
UH, THE, UH, WE'RE PROBABLY BEST KNOWN FOR OUR FIVE MILE INCOME, PARDON ME, INFILL PROJECT WHERE WE'RE ENTITLED TO BUY UP TO A HUNDRED BLOCKS.
CAN SEE HOUSING DEPARTMENT, THE LINE TRANSFER PROGRAM, HELPING BACK A LITTLE BIT.
HOWEVER, UM, WE THINK 80 OF THEM ARE SO FAR WE HAVE BOUGHT THREE FIVE LOTS AND WE HAVE BUILT THREE 5,000 SPENCER OVER IT SEEMS LIKE HALF A LIFETIME, BUT IT'S ONLY FIVE YEARS AND WE'RE CURRENTLY WAITING FOR THE NEXT 20 MONTHS TO HAPPEN FOR SOME TIME.
THIS MATTER OF FACT
[00:45:01]
UM, ARE WE ALREADY THERE? UH, YEAH, THE PROJECT WE'RE TALKING ABOUT, WE'RE CALLING IT A DEMONSTRATION PROJECT FOR ONE GOOD REASON.THAT IS, I'M TOO OLD REALLY TO START THIS PROJECT.
WE HAVE A, A SORT OF A TRAINEE
UH, HE COMES FROM A PROFESSIONAL FAMILY, SO A CIVIL ENGINEER.
ENOCH FOR OWN ACCOUNT HAS FIVE RENTAL HOUSES.
UH, HE'S CURRENTLY GETTING PERMITS FOR A DUPLEX AND SO FORTH.
HE WANTS TO BUY LAND BANK LOTS OF SCALE IN THE FUTURE.
UH, HE'S TRIED TO DO THAT AND UH, TYRONE WASN'T IMPRESSED WITH HIS CREDENTIALS, SO WE'RE TRYING TO GIVE HIM A LITTLE TRAINING AND PRACTICE SO THAT HE CAN STAND IN THE PODIUM AND BY OFF ON HIS OWN IN THE YEAR.
UH, THE STRUCTURAL ABUSE IS HIM AS AN INDEPENDENT CONTRACTOR, UH, SUPERVISING THE CONSTRUCTION AND BEING INVOLVED IN MATERIAL DECISIONS.
AL MANAGEMENT, WHICH IS A A FOR-PROFIT BUILDING COMPANY THAT WE'VE USED 10 TIMES IN THE FIVE MILE NEIGHBORHOOD, WILL ACTUALLY DO THE CONSTRUCTION, BUT HE'S IN EFFECT REPORTING TO MR. MICHAEL AND PAUL MAHOME WHO LIVES ON CAMEL IN THE NEIGHBORHOOD WILL BE OUR SALES AGENT.
UH, WE'RE PLANNING TO BUILD A 1500 FOOT THREE BEDROOM, TWO BATH, TWO CAR GARAGE HOME AND ONE STORY CONFIGURATION WITH SOLID COUNTERTOPS, KITCHEN ISLANDS AND SHOWER STONE SURROUND.
WE BUILT THIS HOUSE PROBABLY 28 TIMES IN FIVE MATT, AND WE'VE DONE IT CONSISTENTLY WHERE THE LOT CONFIGURATION PERMITS IT.
UH, THE LOT COVERAGE IS ABOUT 25% OF ARCHITECTURAL STYLE CONTEMPORARY WILL BE BUILT ON SLAB.
FRAMED EXTERIOR WILL BE MASON, MARINE AND FRONT, UH, ON THE THREE FACING SIDE AS WELL AS A TWO CAR GARAGE.
HARDY PLANK MIDDLE THREE SIDES.
UH, THE SIDE PLANS AND THE, UH, DRAWINGS ARE COMPLEX.
ON OUR EXHIBIT B SCOPE OF WORK, IT HAS 1400 SQUARE, YOU SAID IT'S A MINIMUM OF 14.
IS THAT THE 14TH OF MINIMUM PRICE? YEAH.
SO YOU, THAT'S WHAT WE TALKED ABOUT YOU WHEN I ASKED YOU WHAT YOU WERE GONNA BUILD, YOU SAID IT'D BE A MINIMUM OF 1400.
YEAH, THAT'S WHAT I WAS WRITING THE MEMO.
I WAS TRYING TO KEEP MY OPENS OPEN.
UH, WE MIGHT UPSIZE IT TO BEDROOM HOUSE TO DIFFERENTIATE IT FROM THE OTHER HOUSES ON THE STREET BECAUSE WE'RE PLANNING TO PRICE IT A LITTLE DIFFERENTLY.
UH, AND I ASSUME THAT MORE IS OKAY, LESS IT'S NOT.
UM, IN TERMS OF A TARGETING, UH, WE'RE PLANNING TO SELL THIS IN THE 81 TO ONE 15 I I SALE PRICE, UM, WILL BE A MINIMUM OF 256 5.
WE'RE PROBABLY GOING TO INCREASE THAT, BUT WELL BELOW THE 18 A SEVEN FIVE, WHICH IS YOUR MAXIMUM.
UH, AND THAT'LL BE DRIVEN BY THOSE MARKET AND POSITIONING.
WE'LL BE DOING THE DEVELOPING CURRENTLY.
UH, ASSUMING WE CAN GET THE, WE CAN, WE'RE PLANNING TO START THIS ONE RIGHT NOW.
UM, COMMUNITY BENEFIT, UH, FIVE MILE IS IS A GREAT EXAMPLE OF HOW SOMEBODY LIKE THE CITY CAN MOVE THE NEIGHBORHOOD UP.
WE BUILT 35 HOUSES THERE IN A BASE OF MAYBE A FEW HUNDRED HOUSES.
THE PRIVATE MARKET HAS PROBABLY BUILT TWICE THAT AMOUNT OF NEW HOUSES AS WELL.
THAT'S NOT ALL DUE US, BUT PARTLY DUE US.
AND, AND THERE'S A COUPLE OTHER ISSUES THAT ARE INVOLVED INFRASTRUCTURE, BUT WE LIKE THE IMPACT THAT WE'VE HAD ON THAT NEIGHBORHOOD.
THAT'S, THAT'S REALLY OUR DRIVING, UH, MOTIVATION IS TO ADD ONE MORE HOUSE TO THAT NEIGHBORHOOD, MAKE IT, MAKE IT, UH, MORE TACT.
UH, I HAVE ONE OTHER THOUGHT MR.
UH, I LIKE TO BE PREPARED TO GET GOING.
WE'RE PLANNING TO DO THIS IN SIX MONTHS, THAT MUCH MORE TIME THAN ON THE CLOCK.
WE'LL BE GETTING THAT BUILDING PERMIT JUST AS SOON AS WE HEAR THAT.
UH, YOU'RE GOING TO APPROVE THIS BEFORE CLOSING SO THAT BY CLOSING WE CAN BE IN THE GROUND.
I'LL BE HAPPY TO TAKE ANY QUESTIONS.
[00:50:01]
BASED ON THEIR HISTORY OF LAND TRANSFER AND FIVE MILE, I WANNA BE A MOVE CONSIDERATION APPROVAL OF ONE LAND BANK LOT NOTRE DAME PLACE ANY FOR THE DEVELOPMENT OF ONE AFFORDABLE HOUSING UNIT LOCATED AT 26 30 CAMEL COURT? NO.ANY DISCUSSION? HEARING, UH, SEEING NONE.
MOTION CARRIES AND I REALLY MEAN THAT.
THANK YOU FOR THE LAND TRANSFER BECAUSE MOST PEOPLE, MOST PEOPLE ARE DODGE.
YEAH, THANKS JOE PRICE PERSONALLY, BUT THANK YOU FOR THIS SUPPORT.
WE'RE GONNA CALL YOU TODAY, JOE, THERE BEING NO MORE ITEMS ON THE AGENDA.
I WILL ENTERTAIN A MOTION TO ADJOURN.
MEETING IS ADJOURNED AT 1257 RIGHT ON TOP.