CLIFF15.29 COOK15.29 -15.29 WATERTOWN15.29 AFFORDABLE15.29 HOUSING15.29 TRUST15.29 CHAIR15.29 -15.29 Yes.15.29 Okay.16.02 So16.26 this16.5 is16.66 the16.73 meeting16.82 of17.14 the17.21 Watertown17.61 Affordable17.86 Housing18.26 Trust.18.89 I19.14 am19.14 Cliff19.14 Cook,19.7 the19.86 chair.19.86 We22.65 are22.98 a22.98 full23.21 house23.45 tonight.23.86 We're24.49 going24.65 to24.89 be24.89 staffed25.87 by26.19 Will26.43 Downie.26.67 Larry27.47 Field27.87 is28.51 not28.75 in29.79 attendance,30.19 but30.59 I30.71 think30.83 he31.07 is31.23 calling31.55 in.32.03 He32.75 could32.91 assist33.15 us33.95 if34.19 necessary.34.43 So,35.71 I35.95 think36.03 this36.19 is36.43 Will's36.59 first36.91 time37.15 driving37.47 alone.37.95

38.88 Yes.38.88 His39.2 word39.35 is39.67 permit.39.84 It's40.16 been40.31 issued.40.63

41.27 SPEAKER241.27 -41.27 Yeah.41.27 The41.52 training41.67 wheels41.99 are42.23 off.42.4

42.72 SPEAKER142.72 -42.72 Yeah.42.72 The42.88 training42.95

43.27 SPEAKER343.27 -43.27 wheels43.27 are43.59 off.43.67

43.84 SPEAKER143.84 -43.84 So43.84 we'll44.08 see44.23 how44.31 this44.48 goes.44.72 Mhmm.45.2 45.52 COOK45.52 -45.52 So,45.52 the46.31 first46.31 item46.63 on47.03 the47.2 agenda47.44 is48.95 minutes49.76 from50.31 the50.55 April50.72 meeting.51.11 Do52.16 I52.31 have52.4 any52.55 comments?53.43 Okay,57.35 hearing57.43 no57.43 comments57.75 or58.23 corrections,59.67 can59.67 I59.67 have59.75 a59.83 motion59.91 to60.23 approve60.39 the60.71 minutes60.79 from61.03 the61.19 April61.43 21st61.75 meeting?62.07 63.51 JILL63.51 HYDE63.51 -63.51 WATERTOWN63.51 AFFORDABLE63.51 HOUSING63.51 TRUST63.51 MEMBER63.51 -63.51 Motion63.51 to63.91 approve64.07 the64.47 minutes64.55 of64.87 the65.03 April65.19 21st65.59 meeting.65.99 66.63 DAVID66.63 LEON66.63 -66.63 WATERTOWN67.35 AFFORDABLE67.35 HOUSING67.35 TRUST67.35 MEMBER67.35 -67.35 Second.67.35 68.38 COOK68.38 -68.38 Alright.68.38 All68.78 in69.02 favor?69.17 Aye.70.22 Opposed?72.22 Ayes72.85 have72.85 it.72.85 Okay.72.85 Next74.06 item,74.45 we75.17 will75.49 provide75.73 a75.97 little76.06 background76.3 with76.69 this76.85 with77.02 assistance77.17 from77.66 Larry77.89 Foutsisari,78.22 which78.85 is79.09 a79.25 potential79.33 funding79.89 application80.3 to80.94 the81.02 CPC,81.17 Community82.75 Preservation83.07 Committee83.63 for84.11 affordable84.35 housing84.91 site85.23 control85.55 and85.95 predevelopment86.11 preserve.87.07 88.43 WILLIAM88.43 DOWNIE88.43 -88.43 CITY88.43 OF88.43 WATERTOWN88.43 -88.43 Thank90.35 you,90.59 Cliff.91.07 I've91.63 asked92.03 them92.27 to92.43 jump92.83 Larry93.15 up93.47 to93.63 a93.79 panelist93.87 in94.27 case94.43 he94.67 has94.75 anything94.83 to95.19 add.95.35 But,96.16 as97.27 we97.44 said,97.52 a97.75 little97.83 bit97.99 of98.16 background,98.23 trustees98.63 who99.03 are99.19 member99.27 over99.67 the99.83 past99.99 few100.56 months100.8 and101.11 during101.27 the101.52 housing102.88 plan,103.19 we103.52 discussed,103.67 setting104.95 up105.27 a105.44 funding105.59 system105.92 for106.63 the106.88 for107.03 us107.11 to107.44 access107.92 a108.24 predevelopment108.64 fund109.28 using109.92 CPC110.32 funds110.8 and111.04 submitting111.2 an111.6 application111.68 to112.8 CPC113.04 for113.52 those113.76 funds.114.08 Overall,115.52 the116.96 staff117.2 recommendation117.52 is118.24 a118.48 request118.64 for119.04 $530,000119.36 in121.36 funds121.52 for121.76 the121.83 trust122 to122.31 establish122.47 a122.95 predevelopment123.19 reserve123.83 to124.64 assist124.88 in125.28 affordable125.67 developments.126.16 The127.28 goal127.44 of127.67 this127.76 fund128.16 would128.47 be128.72 to128.88 help129.03 a129.35 developer129.59 obtain130.31 site130.72 control130.96 and131.92 get132.31 far132.96 enough133.12 down133.44 the133.68 development133.75 process134.24 so134.56 that134.72 they134.88 will135.03 be135.19 able135.35 to135.51 submit135.68 a136.47 complete137.49 and137.97 high138.21 quality138.37 application139.09 to139.57 the139.81 CPC139.89 for141.09 future141.57 funding,141.89 basically,142.37 to142.69 get142.77 them142.85 down143.09 the143.33 road.143.41 Essentially,144.69 it145.17 hopes145.41 to145.73 take146.21 advantage146.45 of146.85 the147.01 nimbleness147.09 the147.65 trust147.73 provides148.05 to149.01 kind149.57 of149.81 catch151.9 opportunities152.46 on153.01 the153.18 real153.25 estate153.42 market153.66 as153.9 they154.06 come154.22 in,154.38 get154.94 things155.18 partly156.62 down158.38 so158.69 that158.86 an159.9 affordable160.06 developer160.46 has161.42 the161.74 opportunity162.06 and162.69 has162.94 the163.18 safety163.58 to164.14 kind164.29 of164.46 work165.25 to165.49 obtain165.57 site165.97 control166.13 and166.61 then166.85 know167.01 that167.25 they167.33 have167.49 some167.65 funding167.81 available168.21 to168.53 start168.61 some168.85 of169.01 those169.09 predevelopment169.33 without170.37 needing170.69 to171.09 rely171.33 on171.73 just171.89 CPC172.21 funding172.69 or173.01 other173.17 outside173.33 fundings173.73 that174.05 can174.29 take174.37 a174.53 long174.69 time.174.93 176.77 In176.77 some177.01 dealings177.25 with177.65 some178.21 developers,178.37 affordable179.01 developers179.49 in179.81 the179.97 region,180.05 we181.07 learned181.24 that181.64 there181.79 are181.96 kind182.12 of182.35 three182.51 pathways183.56 to184.12 site184.19 control.184.51 The185.4 first185.56 being185.88 buying186.51 outright,186.92 which187.4 is187.56 what187.79 you187.96 usually188.12 think188.44 of188.92 as189.07 a189.24 developer.189.31 You190.35 buy190.68 the190.92 land191.07 with191.31 a191.47 small191.64 due191.88 diligence192.03 period192.51 of192.75 usually192.84 kind193.24 of193.4 60193.47 to193.88 90194.03 days.194.35 There's195.8 the196.28 patient196.44 settle196.92 model,197.24 which197.8 is198.04 a198.36 longer199 period.199.72 Usually,200.28 it200.6 would200.68 be200.92 with201.64 an201.88 option202.04 agreement202.36 that202.76 extends203 several203.56 months203.88 or204.28 even204.44 a205 year205.16 or205.4 two205.56 into205.8 that.206.04 That206.92 is,207.53 obviously,207.76 for208.17 a208.32 lot208.49 of208.56 affordable208.72 developers,209.13 kind209.53 of209.69 the209.76 most209.84 preferential,210.17 but210.65 that's210.89 also211.04 a211.76 harder211.93 one212.25 because212.56 it212.89 requires213.13 having214 the214.25 patient214.41 seller.214.81 It's215.61 usually215.84 someone216.17 who's216.56 mission216.81 driven217.13 or217.53 is217.69 waiting217.84 on218.09 other218.32 things218.65 like218.89 that219.04 who219.21 basically219.79 has220.11 the220.35 appetite220.51 to221.07 let221.39 it221.55 sit221.79 and222.11 wait222.27 and222.43 hold222.59 the222.71 property222.83 while223.79 a224.19 developer224.35 goes224.91 through225.15 and225.47 gets225.63 all226.27 the226.51 permits226.59 and226.99 everything227.15 so227.39 they're227.63 as227.87 secure227.95 as228.27 possible228.35 before228.67 they228.91 actually228.99 exercise229.71 their230.19 option230.35 on230.67 the230.83 property.230.91 Then231.87 there232.11 is232.27 what232.59 we232.75 termed232.99 a233.31 short233.55 leash,233.87 which234.67 is234.83 kind234.99 of235.06 between235.47 the235.87 two236.03 other236.19 options236.43 we236.75 discussed,236.91 and237.22 that237.47 one237.63 would238.03 be238.26 a238.43 short238.59 term238.83 option239.06 usually239.47 in239.78 the239.94 6240.11 to240.34 8240.59 month240.75 range,241.06 where242.43 essentially242.75 it243.15 would243.22 be243.39 enough243.71 time244.03 for244.59 the245.06 developer245.22 to245.87 kind246.83 of247.07 get247.23 some247.55 way248.27 down248.43 the248.59 permitting248.75 process,249.79 get250.99 some251.23 above251.55 that251.95 due252.11 diligence,252.35 but252.75 not252.99 a253.15 full253.31 permit253.71 package254.11 before254.83 they255.15 can255.31 exercise255.47 their255.95 option.256.19 260.3 So,260.3 what260.77 we're261.01 proposing261.18 here261.57 would261.74 be261.89 helpful262.06 for262.46 any262.69 of262.94 the263.01 options,263.18 but263.5 it263.57 was263.65 especially263.89 geared264.38 to264.62 be264.69 helpful265.25 for265.74 those265.89 second266.3 and266.54 third266.69 options267.01 where267.33 you've267.57 got267.81 a268.21 patient268.38 seller268.77 or269.1 you've269.25 got269.5 a269.65 seller269.81 who's270.13 willing270.3 to270.54 be270.69 somewhat271.01 patient,271.5 but271.81 not272.06 quite272.69 commit272.94 to273.25 the273.33 level273.5 that273.74 you'd273.98 be274.13 otherwise.274.3 So,275.75 that275.83 was275.99 kind276.15 of276.31 the276.47 framework276.71 that277.11 we're277.19 thinking277.27 of277.59 when277.67 we're277.83 looking278.07 at278.31 this,278.47 and279.03 that's279.19 also279.35 just279.59 something279.67 we279.99 want280.07 to280.31 pass280.31 along280.47 to280.71 the280.79 trust.280.95 I281.99 want282.15 to282.39 get282.47 a282.71 little282.79 bit283.11 more283.35 into283.75 the284.23 cost284.39 and284.63 kind284.79 of284.87 where285.03 this285.19 number285.35 came285.67 from.285.99 So,286.63 as286.95 I287.11 said287.27 in287.43 the287.59 beginning,287.75 the288.15 goal288.39 of288.63 this288.87 reserve289.5 would290.23 be290.46 to290.7 establish291.02 funding292.87 for293.26 essentially293.43 two293.9 interrelated294.46 pieces,295.11 the295.5 first295.67 being295.9 obtaining296.14 site296.63 control.296.79 And297.75 for297.99 that,298.23 our298.54 assumption298.7 based299.35 again299.58 on299.99 some300.14 conversations300.38 with301.99 developers,302.07 it302.35 would302.63 be302.79 first303.03 a303.27 roughly303.51 $50,000303.91 deposit,305.51 which305.91 would306.23 hopefully307.35 allow307.67 the307.91 developer308.07 to308.47 get308.63 that308.79 initial309.11 60309.99 to310.39 90310.47 days310.79 due311.27 diligence,311.51 kind312.31 of312.55 see312.71 if312.95 this313.03 site313.27 would313.51 actually313.67 work314.07 for314.31 them314.39 with314.63 initial315.31 title315.78 investigations316.19 and317.22 environmental317.94 investigations.318.66 And319.78 then319.94 an320.26 additional320.43 $150,000321.22 to322.66 $200,000322.9 after324.66 that324.99 60325.22 to325.63 90325.7 day326.02 period326.1 has326.43 expired326.66 for327.22 a327.46 longer327.7 extended,328.71 which329.11 would329.35 give329.51 them329.75 some329.99 extra330.15 time330.47 to331.35 basically331.67 get332.15 that332.31 6332.55 to332.79 8332.87 month333.03 period333.27 while333.59 they333.83 pursue333.99 some334.31 of334.47 those334.55 other334.79 permits335.03 and335.35 pursue335.51 those335.83 other335.99 funding336.71 streams.337.27 338.79 Then338.79 the338.95 second339.11 part339.35 of339.59 this339.67 would339.75 be339.91 the340.07 predevelopment,340.23 which341.28 during341.69 that341.93 initial342.16 review342.49 period342.72 we342.88 discussed,343.04 that343.37 60343.52 to343.85 90344 days,344.25 that344.88 would345.04 provide345.93 funds346.32 of346.56 approximately346.88 $20,000347.44 for348.49 environmental349.13 investigations,349.84 title350.56 investigations,350.96 as352 well352.16 as352.4 a353.52 minimal353.84 amount354.25 of354.49 funding354.64 for355.51 initial355.91 architectural356.47 siting,357.27 things358.71 like359.03 that,359.19 as359.35 well359.43 as359.59 if359.75 the359.91 initial360.87 environmental361.19 investigation361.67 churned362.55 up362.87 something363.03 else363.19 that363.35 needed363.51 some363.83 extra363.99 funds364.23 to364.55 actually364.63 make364.95 sure365.03 that365.27 it365.35 was365.43 worth366.15 it.366.39 Then366.79 in367.6 that367.75 second368 longer368.56 extended369.04 period,369.51 it370.31 would370.4 also370.63 provide370.88 some371.28 funding371.51 for372.07 additional373.04 review,373.51 initial374.16 architecture,374.56 and375.12 engineering375.36 work375.92 to376.24 get376.31 them376.56 down,376.8 again,377.19 like377.44 I377.68 said,377.75 down378 that378.16 permitting378.31 pathway378.88 so379.51 they379.68 can379.92 start380.16 looking380.48 into380.72 these380.96 things381.19 of382.08 about382.24 $280,000.382.72 Again,385.92 the386.32 goal386.48 of386.72 this386.8 fund386.96 is387.28 not387.44 to387.68 get388 the388.32 developer388.56 all389.04 the389.2 way389.28 to389.52 an389.76 approved390 permanent390.32 package390.72 and391.12 buy391.52 site391.84 control.392.08 This392.48 is392.64 to392.8 kind393.04 of393.28 get393.6 their393.84 foot394.08 in394.32 the394.48 door,394.56 get395.28 some395.44 of395.68 those395.76 early395.92 things396.24 done396.48 so396.72 they398.26 can398.5 essentially398.82 bring400.35 a400.58 full400.75 application400.99 to401.46 the401.63 CPC401.79 when402.19 the402.35 time402.5 is402.67 right.402.82 But403.63 because404.19 it's404.5 more404.67 flexible,404.9 it405.31 allows405.46 them405.79 a405.94 little406.02 bit406.26 of406.43 time.406.5 They406.67 can407.71 act408.26 on408.5 real408.75 estate.408.99 It409.14 doesn't409.31 necessarily409.63 align410.19 with410.58 the410.75 more410.9 kind411.14 of411.31 long411.93 permitting412.17 processes412.65 that413.21 some413.45 that413.77 going413.93 for414.17 funding414.33 from414.65 some414.97 other415.13 entity415.45 would415.85 entail.416.01 418.25 I'm418.25 happy418.41 to418.65 answer418.73 any418.97 more419.21 questions419.37 about419.69 that,420.01 but,420.25 the421.37 next421.69 steps422.01 as422.33 we422.49 see422.65 them422.81 from423.45 there,423.69 the424.73 actual426.35 proposal426.75 in427.46 addition427.63 to427.75 what427.87 we've428.03 outlined428.19 in428.59 here,428.67 would429.31 include429.63 a430.03 process430.26 for430.67 considering431.06 requests,431.71 what432.03 the432.26 trust432.35 process433.63 for434.03 that434.19 would434.35 look434.5 like,434.67 what434.82 review434.99 would435.38 look435.46 like,435.71 establish436.35 some437.46 of437.63 the437.79 factors437.94 that438.26 the438.43 trust438.5 is438.75 likely438.9 to439.23 consider439.38 while439.79 reviewing440.03 the440.43 applications,440.5 what442.82 information443.14 sharing443.78 with444.1 the444.34 CPC444.5 would444.9 look445.14 like445.3 since445.54 it's446.26 quite446.58 possible446.9 that447.3 a447.46 lot447.54 of447.78 these447.86 actual448.26 discussions448.66 would449.14 happen449.3 in449.54 executive449.7 session,450.18 and451.78 then451.94 also452.26 establishing452.74 a453.22 process453.3 for453.7 periodic454.05 reporting454.37 to454.76 the454.93 CPC455.09 on455.49 how456.29 the456.44 funds456.53 are456.85 being456.93 used,457.17 what's457.4 going457.65 with457.88 that.458.05 It458.85 would458.93 also459.17 discuss459.65 disposition460.21 of460.85 the460.93 funds461.09 after461.49 three461.81 years.462.13 So,463.32 those463.49 will463.73 all463.88 be464.05 the464.13 things464.21 that464.44 were464.53 included464.76 in465.17 the465.32 full465.81 proposal,466.05 which466.44 we've466.61 built466.93 by467.25 us,469.31 and470.11 kind470.11 of470.27 the470.43 next470.51 steps,470.83 the471.55 next471.87 steps472.35 were472.67 to472.99 approve473.55 this473.95 tonight.474.19 Staff475.31 will475.63 work475.79 with476.03 the476.19 chair476.27 to476.59 submit476.75 a477.31 project477.47 eligibility477.87 form478.59 to479.31 the479.55 CPC,479.79 which480.75 is480.99 on481.15 a481.27 rolling481.39 basis.481.79 And482.75 if483.07 the483.75 application484.47 was484.88 approved,485.12 we485.6 would485.75 then486 submit486.24 a486.56 full486.79 application487.03 for487.51 the487.6 FY27488.24 round.489.19 So,491.19 that's491.35 just491.6 a491.75 little491.83 bit492.07 of492.24 a492.39 brief492.47 overview492.88 on493.35 it.493.6 You494.24 know,494.39 I'm494.56 happy494.71 to494.95 go495.03 into495.19 more495.44 detail495.68 or496.07 I'm496.31 not496.39 sure496.56 Larry496.79 can497.72 answer497.88 any498.12 questions498.36 as498.76 well498.84 if499.08 there's499.16 anything499.32 I499.64 can't.499.88 But,501 that501.48 ismy503.24 kind503.48 of503.72 brief503.8 overview.504.04 506.36 COOK506.36 -506.36 I506.36 don't506.52 know506.68 if506.84 Larry506.92 can507.48 speak508.52 and508.84 we509.08 can509.24 hear509.4 him,509.56 but509.72 if509.96 you511.51 have511.6 anything511.75 you'd512.08 like512.24 to512.48 add,512.55 this512.71 would512.96 be513.03 a513.2 good513.27 time513.43 to513.75 to514 raise514.15 your514.39 hand514.55 to514.79 let514.88 us515.12 know.515.27 So,518 Larry,518.88 Will,519.2 and519.36 I519.51 did519.67 discuss519.91 this520.24 previously,521.84 and522.71 this523.12 is523.43 not523.51 new523.91 to524.15 me.524.32 We525.66 did525.9 make526.06 some526.22 adjustments526.46 based527.1 on527.42 that527.58 conversation,527.74 but,528.22 really,528.46 what528.86 they529.02 brought529.5 me529.74 was529.9 in530.06 pretty530.22 good530.46 shape.530.7 I531.82 understand,532.46 Zoe,533.34 did533.66 they533.82 have533.98 a534.06 chance534.14 to534.46 speak534.54 to534.78 you534.86 about534.94 the535.18 numbers?535.34 535.66 ZOE536.38 WEINROBE536.38 -536.38 WATERTOWN538.55 AFFORDABLE538.55 HOUSING538.55 TRUST538.55 MEMBER538.55 -538.55 Yes.539.26 So,539.43 Larry539.43 and540.3 Will540.79 gave541.02 me541.18 the541.26 opportunity541.5 to542.07 review542.14 an542.47 earlier542.71 draft543.18 of543.5 the543.67 proposal,544.23 and544.38 then544.38 we544.63 went544.79 back544.95 and545.11 forth545.18 a545.5 few545.59 times545.83 on546.14 some546.95 of547.11 the547.26 stages547.59 of548.14 development,549.11 and549.43 assumptions549.67 on550.38 the550.63 process550.79 of551.35 sort551.67 of551.74 getting551.99 the552.3 project552.3 under553.19 site553.51 control553.59 or554.15 site554.39 under554.63 site554.95 control,555.11 and555.91 what556.07 the556.31 early556.47 work557.11 would557.27 be557.51 around557.99 some558.63 of558.79 the558.95 cost559.03 work.559.27 So,559.59 thank560.87 you561.11 for561.27 providing561.59 me561.99 the562.15 opportunity562.31 to563.03 review,564.55 and565.03 I565.03 felt565.11 good565.65 about566.05 where566.29 we566.46 ended566.54 up566.86 with567.1 the567.25 preliminary567.98 outline.568.62 570.62 COOK570.62 -570.62 Does570.62 anyone571.42 have571.82 the571.98 comments572.05 or572.38 thoughts572.62 they'd572.93 like573.17 to573.34 share?573.42 Any575.17 discussion?575.5 578.11 HELEN578.11 OLIVER578.11 -578.11 WATERTOWN578.11 AFFORDABLE578.11 HOUSING578.11 TRUST578.11 MEMBER578.11 -578.11 I578.11 feel578.27 like578.59 if578.83 Zoe's579.07 good,579.31 I'm579.55 good.581.95 583.79 GEORGE583.79 PROAKIS583.79 -583.79 CITY583.79 OF583.79 WATERTOWN583.79 -583.79 I585.47 think585.55 this585.79 is586.03 a586.19 reasonable586.35 way587.47 to587.79 approach588.19 asking589.15 the589.63 question589.71 of590.19 the590.35 CPC590.43 about591.15 helping591.39 us.591.71 I592.03 think592.11 that592.83 there's593.76 some594.09 communities594.33 that594.88 have595.04 gone595.21 in595.37 and595.61 said595.76 the596.09 trust596.16 should596.4 pull596.57 the596.88 CPC's597.13 full597.76 affordable598 percentage,598.49 whether598.8 that599.04 is599.28 the599.52 10%599.61 that's600.4 guaranteed600.57 for601.04 affordable601.21 housing601.68 or602.09 some602.88 higher603.04 percentage603.37 like603.76 Cambridge603.92 and604.4 Somerville604.57 have605.13 done.605.37 So,606.3 when606.42 Somerville606.66 did607.14 it,607.3 Somerville607.46 was607.86 aggressively608.18 buying608.9 scattered609.3 site609.7 housing609.94 on610.74 a610.82 set611.46 plan,612.18 we're612.42 not612.66 in613.06 that613.22 space.613.46 So,614.66 having614.9 $8,000,000,615.78 I616.66 don't616.82 remember616.9 what617.22 it617.3 was617.38 or617.62 whatever,617.7 of618.1 trust618.26 funds.618.5 And619.23 inevitably,619.47 by620.02 the620.18 way,620.35 trusts620.75 are621.3 more621.63 nimble621.78 than622.18 community622.35 preservation622.75 committees623.14 because623.38 community623.63 preservation623.95 committees624.26 typically624.59 have624.99 a625.07 funding625.14 schedule.625.95 You626.9 could627.07 go627.47 out627.63 of627.87 round627.95 if628.35 they629.38 let629.71 you,630.35 but630.59 then630.75 you630.9 also631.07 need631.3 the631.54 council631.63 vote632.02 to632.26 spend632.46 the632.62 money.632.7 The632.86 affordable633.1 housing633.5 trust,633.9 on634.14 the634.3 other634.46 hand,634.62 as634.86 trustees635.5 of636.06 funds636.22 have636.54 the636.78 ability636.94 to637.26 nimbly638.06 working638.46 with638.86 the638.94 developer.639.1 You639.58 have639.66 this639.82 moment640.06 where640.38 something640.46 goes640.78 on641.02 the641.1 market,641.18 you641.46 kind641.74 of641.98 like641.98 lock642.46 it642.7 up642.86 quick.643.1 So,643.82 there644.06 is644.22 the644.38 value644.54 of644.94 that.645.1 Certainly,645.34 like,645.82 in645.98 summer,646.14 we646.54 had646.86 a647.66 substantial648.71 portion649.42 of649.83 CPA649.9 money,650.38 it651.02 was651.18 because651.42 they652.23 were,652.38 like,652.71 literally653.02 out653.42 buying653.66 six653.99 plexus654.3 when654.71 they654.95 came655.02 on655.26 the655.35 market,655.42 wanted655.83 to656.14 cash656.23 them656.47 before656.71 the656.95 next657.11 house657.35 flipper657.59 bought657.99 them,658.14 kicked658.63 all658.95 the659.11 lower659.18 income659.5 people659.83 out,660.14 upgraded660.84 the661.08 building,661.24 and661.64 sold661.88 it662.12 as662.36 high-end662.6 condos.662.84 There's665 a665.24 bunch665.32 of665.48 reasons665.64 why,665.88 by666.12 the666.2 way,666.28 that666.6 path666.76 is667 also667.16 fraught667.48 for667.8 whatever668.04 nonprofit668.6 actually669.16 enters669.56 into669.96 that670.28 process.670.44 It671.4 turned671.56 out671.8 owning672.04 all672.44 that672.52 scattered672.76 site673.08 housing673.32 made673.64 some673.88 of674.04 the674.12 community674.2 corporations674.84 finance675.4 is675.76 very676.09 complex.676.49 678 WEINROBE678 -678 But678 they're678.09 in678.4 much678.57 better678.8 shape679.05 right679.29 now.679.45 679.68 PROAKIS679.68 -679.68 They're679.68 in679.92 much680.17 better680.33 shape680.64 right680.88 now.681.13 I682.8 feel682.88 like683.13 we683.52 did683.76 a683.92 really684 great684.25 program,684.49 and684.88 we685.13 also685.21 made685.45 our685.68 lives685.85 very686.17 miserable686.4 for686.8 a686.93 while687.05 in687.29 the687.45 process687.52 of688 doing688.09 so.688.49 But690.25 I690.55 think690.71 it690.79 was690.87 good691.03 for691.19 the691.43 residents,691.59 particularly692.07 people692.63 being692.95 able693.11 to693.35 settle693.43 into693.67 that693.99 housing.694.15 But,694.55 certainly,694.71 they695.11 needed695.27 to695.51 sort695.67 of695.91 reset696.07 the696.39 expectations696.87 of697.51 what697.67 it697.83 takes697.91 to698.23 run698.31 a698.55 program698.63 like699.11 that.699.27 But700.23 here,700.47 I700.95 feel701.03 like701.35 it's701.67 kind701.91 of702.23 like702.23 this702.47 is702.63 a702.79 good702.87 balance703.11 system,703.83 right?703.99 We're703.99 saying,704.23 okay,705.89 we're706.13 going706.53 to706.7 ask706.7 for706.93 a707.17 smaller707.25 chunk707.65 of707.89 money708.13 that's708.53 very708.93 specific709.34 to710.21 locking710.53 up711.01 great711.25 project711.58 sites712.05 and712.53 making712.7 sure713.01 that713.34 we're713.5 more713.65 nimble713.89 to714.21 do714.38 so.714.53 Now,716.7 to716.7 be716.86 fair,717.01 on717.25 one717.41 end,717.58 the717.89 trust718.05 does718.38 have718.62 some718.77 funds719.01 right719.25 now.719.59 We720.15 have720.23 the720.39 $250,000720.47 a721.35 year721.43 given721.83 from723.67 my724.47 budget724.71 process,726.15 we726.39 have726.39 spent726.55 some726.87 of727.11 that,727.99 right?728.23 We've728.23 allocated728.79 some729.35 to729.59 Willow730.23 Park,730.47 I730.71 believe.730.87 I733.35 haven't733.5 been733.75 able733.9 to734.07 put734.14 more734.3 than734.47 $250,000.735.26 This735.42 year,735.42 I735.67 actually735.83 cut736.07 the737.35 annual737.5 allocation737.99 to738.38 a738.5 bunch738.63 of738.79 other738.95 stabilization739.18 funds739.9 and740.14 held740.3 $250,000740.55 to741.02 the741.18 trust741.26 because741.5 I741.75 wanted741.83 to742.07 make742.14 sure742.3 we742.55 still742.71 are743.18 able743.26 to743.5 get743.67 to743.74 the744.07 budget.744.23 So,745.35 the745.75 other745.99 big746.39 funding746.71 source747.03 that747.43 I747.51 wanted747.59 this747.91 trust748.07 to748.39 have,748.47 which748.71 was748.95 linkage749.11 fees749.51 for749.75 major749.99 commercial750.23 developments,750.63 we751.43 put751.59 into751.75 place751.99 at752.31 the752.39 exact752.55 moment752.87 that753.19 we753.35 stopped753.51 getting753.75 major753.99 commercial.754.31 So,758.87 there759.26 are759.43 a759.67 few759.75 commercial759.99 developments760.38 permitted760.87 out761.26 there761.43 that761.59 if761.83 they761.99 should762.14 ever762.31 start762.55 construction,762.79 would763.35 always763.5 a763.75 nice,763.83 you764.07 know,764.23 billion764.38 dollar764.79 plus765.02 linkage765.35 fee.765.75 But766.07 if766.47 we766.63 wait766.79 for767.11 that,767.19 we'll767.43 be767.59 waiting767.83 a768.14 long768.23 time.768.47 So,768.79 I769.26 mean,769.35 it769.5 looks769.59 to769.83 me769.9 like770.07 we770.23 put770.38 together770.55 a770.95 pretty771.11 balanced771.43 strategy772.23 here.772.71 I'm772.95 certainly773.11 open-minded773.96 to774.2 thoughts774.36 on775.72 what775.88 we776.04 could776.2 do776.44 better776.52 about776.84 it.777.08 But777.24 it777.48 seems777.72 to778.04 make778.12 quite779 a779.32 bit779.4 of779.8 sense780.28 to780.68 say,780.84 let's781.08 try781.64 to782.36 build782.68 a783.08 modest784.6 fund785.24 that785.72 could786.12 be786.28 used786.44 for786.68 nimble786.84 things787.32 in787.72 a787.88 way787.96 that788.2 trust788.44 could788.84 be789 able790.82 to.792.82 792.82 DOWNIE792.82 -792.82 If793.05 I793.13 can793.29 add,793.86 Larry794.58 texted794.89 me795.21 because795.46 he795.62 is795.7 on795.86 the796.01 phone796.1 over796.65 there,796.82 he796.82 had796.82 nothing796.89 to797.21 add.797.29

797.62 SPEAKER1797.62 -797.62 Okay.797.62 I797.93 agree798.01 with798.17 it.798.33

798.41 SPEAKER5798.41 -798.41 I'm798.41 stuck798.74 in798.98 the799.13

799.21 SPEAKER2799.21 -799.21 10799.21 minute.799.38 Thank799.62 you799.77 so799.93

800.1 SPEAKER5800.1 -800.1 much.800.1

800.41 SPEAKER2800.41 -800.41 Well,800.41 but800.74 801.05 HYDE801.05 -801.05 I801.05 think801.13 it's801.38 important801.62 to802.1 make802.25 sure802.41 that803.62 when803.86 we804.01 get804.17 it804.41 that805.67 we805.91 will806.55 establish806.79 certain807.75 protocols808.15 and808.79 rules809.03 of809.35 engagement809.51 as810.15 to810.31 what810.39 we810.63 would810.79 need810.95 from811.19 the811.43 developer812.07 because812.31 all812.39 of812.63 a812.67 sudden,812.71 you'll812.95 get,813.27 you814.23 know,814.47 a814.71 lot814.87 of815.11 hands815.27 raised,815.67 I816.23 think,816.39 and816.79 you817.99 don't818.31 want818.31 to818.31 just818.31 give820.17 the820.41 money820.58 to820.89 anybody.822.82 So,823.05 I823.05 think823.13 we823.7 have823.93 to824.1 come824.17 up824.33 with824.41 a824.58 thoughtful824.74 process825.13 of825.53 how825.7 to825.86 evaluate826.01 what827.29 are828.98 viable829.77 proposals,831.38 and832.74 viable832.98 projects833.38 to835.34 get835.34 the835.5 funds835.66 to835.98 because837.34 a837.54 lot837.74 of837.9 people837.98 can838.3 just838.46 say,838.7 I'm838.94 going839.1 to839.34 go839.34 check839.42 this839.58 out839.82 because840.06 now840.46 the840.7 money840.86 is841.18 free,842.86 not843.18 free,843.34 but843.58 you845.5 know845.58 what845.74 I'm845.9 saying?845.98 847.54 COOK847.54 -847.54 Yes.849.77 I'd850.01 be850.1 very850.25 happy850.5 if850.82 people850.89 would851.22 have851.3 not851.46 been851.54 here851.62 or851.86 who852.01 are,852.25 which852.34 has852.5 not852.65 been852.82 happening853.05 to853.7 up854.01 to854.17 this854.25 point.854.34 854.58 HYDE854.58 -854.58 I854.58 think854.65 it's854.74 going854.98 to855.22 get855.22 a855.38 little855.54 better.855.7 A858.25 few858.34 more859.99 recent860.23 meetings860.55 in860.87 places861.03 that861.43 I've861.59 been861.75 developers862.87 are863.51 feeling864.71 better.865.11

865.75 SPEAKER1865.75 -865.75 Feel865.75 better865.91 now866.31 now866.71 things?866.95

867.43 SPEAKER2867.43 -867.43 Yes.867.43

867.83 SPEAKER1867.83 -867.83 Okay.867.83 And868.15 worked868.39 out.868.71 Let's869.27 see.869.51 Hopefully.869.91

873.95 The873.95

874.11 COOK874.26 -874.26 The874.26 530874.26 is875.23 a875.47 bit875.54 of875.71 an875.79 odd876.02 number.876.35 I'm877.47 just877.79 wondering,877.95 should878.26 that878.5 be878.66 a879.23 random879.23 number879.63 for879.95 the880.02 board,881.47 just882.18 to882.42 make882.5 it882.66 out882.83 there?888.13 888.45 HYDE888.45 -888.45 I888.45 mean,888.53 1000888.77 dollar889.33 deposit889.97 is890.13 pretty890.21 light.890.53 I890.77 mean,890.93 when891.09 you891.33 think891.41 about891.57 what891.81 people891.97 are892.21 going892.37 to892.61 be892.61 asking892.85 for,893.09 it893.25 just893.41 sounds893.65 like...894.05 894.29 WEINROBE894.29 -894.29 And894.29 that's894.29 just894.53 to894.69 get894.85 in895.01 the895.25 door.895.33 I895.57 mean,895.97 you896.29 know,896.37 that's,897.33 like,897.57 the897.81 first897.89 piece.898.21 And898.45 then,898.61 you898.85 know,899.01 as899.25 each899.62 milestone899.93 is900.41 reached,900.57 you'll900.89 have901.21 to901.29 be901.38 putting901.62 more901.86 and901.98 more.902.1 I902.17 think902.25 we902.5 ended903.05 up903.29 getting903.38 into,903.62 like,903.93 $200,000905.29 or906.1 something907.45 depending907.77 on907.77 where907.93 you908.1 are908.33 in908.65 the908.82 schedule.909.45 But,910.17 I910.57 mean,910.65 to910.82 be910.98 honest,911.13 I'm911.77 hoping911.93 this912.33 is,912.5 like,912.74 an913.47 interim913.71 measure914.43 where915.15 we915.39 do915.63 have915.79 either916.19 a916.51 larger916.59 sustainable917.23 source918.35 of918.59 linkage918.75 funds919.23 or919.63 a919.95 future920.19 stronger921.31 relationship921.79 with922.43 the922.51 CPC922.75 whether923.47 or923.79 not,923.87 you924.19 know,924.35 they924.59 start924.99 putting925.39 an925.87 affordable926.03 housing926.43 reserve926.99 together928.07 for928.38 the928.71 affordable929.83 projects,930.47 at930.87 least931.02 at931.26 a931.35 minimum931.5 of931.9 the931.99 10%932.14 or933.11 something933.35 else.933.67 But933.9 I934.14 think934.23 as934.47 an934.63 interim934.87 measure,935.9 I936.23 think936.38 this936.54 is936.79 a936.95 good937.02 step.937.42 I937.9 think937.99 I938.14 know938.23 Larry938.47 had938.71 said,938.87 you939.02 know,939.18 a939.35 couple939.42 meetings939.67 ago,939.99 you940.58 know,940.74 let's940.98 get941.94 a942.18 project942.26 or942.58 two943.06 underway,943.62 prove944.66 that944.98 this945.38 is945.62 happening,945.78 and946.26 then946.5 I946.74 think946.9 set947.22 us947.38 up947.62 for947.86 a948.02 larger,948.18 more950.18 significant950.66 dedicated951.38 stream952.1 of952.5 CPC952.74 funds.953.3 That954.42 would954.66 be954.9 my955.06 larger955.46 goal.955.86 956.71 COOK956.71 -956.71 So,957.75 you959.43 think959.6 $250,000960.32 is961.12 a961.27 reasonable961.43 number?961.91 962.63 WEINROBE962.63 -962.63 I962.63 mean,962.79 once963.51 you963.75 have963.91 a964 real964.07 project,964.32 they're964.71 going964.88 to965.12 be965.12 submitting965.27 an965.67 application965.83 to966.24 the966.39 CPC966.48 for966.95 multiple967.27 millions968 of968.24 dollars.968.48 So,968.71 this968.95 is969.19 just969.27 to969.43 get969.6 them969.83 in970.48 the970.63 ground,970.71 get971.19 a971.36 site,973.02 get973.26 it973.5 tied973.58 up.973.9 You974.38 know,974.54 feel975.1 like975.26 do975.58 enough975.82 work976.06 on976.38 the976.54 site976.62 through977.34 environmental,977.66 through978.38 title,978.86 through979.26 preliminary980.06 design,980.54 get981.5 a981.74 new981.82 zoning981.98 attorney982.38 on982.7 board.982.94 Like,983.26 there's983.5 something983.74 here,984.14 and984.62 then984.78 they're984.94 going985.1 to985.42 go985.42 to985.5 the985.66 CPC987.63 for987.96 real988.2 money.989.08 But992.67 this992.84 gets993.08 you993.32 enough993.48 to993.79 get993.88 to994.36 that994.51 decision995.39 point,995.88 like,996.12 there's996.51 something996.75 real997.08 here.997.32 997.55 PROAKIS997.55 -997.55 But997.72 for997.88 now,998.03 that998.2 makes998.36 sense.998.6 We're998.84 not999.96 the1000.2 source1000.27 of1000.6 the1000.67 largest1000.84 local1001.24 funding1001.55 because1001.96 CPC1002.4 is1002.56 sitting1002.72 on1002.96 more1003.12 money1003.28 than1003.52 we1003.76 are.1003.84 But1004.16 we1004.4 are1004.56 the1004.88 source1004.96 for1005.2 the1005.36 most1005.44 nimble1005.68 local1006.08 funding.1006.4 Let1006.96 somebody1007.2 walk1007.6 into1007.84 the1008.08 network.1008.32 I1009.6 got1009.68 to1009.92 lock1009.92 that1010.08 up.1010.24 I1010.4 got1010.56 to1010.8 do1010.8 x1010.96 y1011.12 z1011.36 for1011.52 this1011.68 period1011.92 of1012.24 time.1012.4 You1012.64 know,1012.72 I1012.88 need1013.04 money1013.2 to1013.52 do1013.6 that,1014.16 and1014.32 we1014.32 could1014.88 extend1015.28 that,1015.6 and1015.84 then,1015.92 you1017.04 know,1017.2 if1017.51 they1017.84 get1018 through1018.15 those1018.32 steps1018.48 and1018.8 it's1018.96 successful1019.12 and1019.51 they1019.75 have1019.92 a1020.08 longer1020.63 hold1020.88 period,1021.04 they1021.36 could1021.43 do1021.6 more.1021.75 So,1022.39 for1022.55 now,1022.72 that1022.96 sounds1023.2 like1023.43 a1023.67 good1023.75 path.1024.47 Is1025.52 $530,0001025.84 a1026.47 magic1026.63 number?1027.04 Like,1027.43 could1027.67 it1027.84 be1027.99 $500,0001028.15 or1028.71 $550,0001028.96 or1029.6 $600,0001029.84 or1030.39 is1030.63 it1030.88 just1030.96 that1031.44 would1031.76 total1031.84 something1032.32 that1032.8 led1033.12 to1033.28 that1033.52 number?1033.68 1034.96 DOWNIE1035.2 -1035.2 So,1035.2 it1035.2 totaled1035.36 something1035.76 plus1036.16 with1036.32 a1036.56 little1036.64 because1036.8 you1037.04 have1037.12 all1037.2 these1037.28 numbers1037.44 or1037.76 ranges.1037.92 You1038.32 know,1038.4 this1038.56 was1038.72 to1039.12 our1039.28 best1039.44 knowledge.1039.68 But,1040.08 you1040.24 know,1040.32 I'm1042.08 not1042.24 responsible1042.48 for1042.96 it,1043.2 my1043.36 hope1043.36 is,1043.6 you1043.76 know,1043.84 if1043.92 someone1044 came1044.32 in1044.48 and1044.72 said,1044.8 hey,1045.39 we1045.56 need1045.56 a1045.63 little1045.8 bit1046.04 more1046.2 than1046.36 what1046.6 you1046.67 estimated1046.91 it1047.39 would1047.47 cost,1047.88 it1048.12 would1048.2 give1048.36 us1048.52 that1048.6 little1048.84 bit1048.99 of1049.88 flexibility1049.96 for1050.76 that.1050.91 So,1051.23 you1051.39 know,1051.47 we1051.63 were1051.8 trying,1052.04 as1052.99 you1053.15 noticed,1053.32 the1053.63 numbers1053.8 in1054.04 here1054.2 don't1054.43 add1054.91 up1055.15 to1055.32 $530,000,1057.56 there's1057.8 a1057.8 little1057.96 bit1058.12 of1058.36 buffer1058.43 built1058.76 into1058.99 that1059.23 as1059.39 well.1059.47 So,1059.72 you1059.88 know,1060.04 if1061.05 the1061.37 numbers1061.45 need1061.93 a1062.17 little1062.25 bit1062.49 more,1062.57 there's1062.81 some1063.05 room1063.21 for1063.33 that.1063.45 But1063.61 also,1064.33 if1064.89 we1065.05 could1065.21 make1065.37 to1065.69 work,1065.85 that1066.09 might1066.33 be1066.49 able1066.65 to1066.73 get1066.81 us1066.97 two1067.13 with1067.29 everyone's1067.45 being1067.85 pretty1068.09 lean.1068.33 But1070.25 that1070.97 was1071.13 kind1071.29 of1071.53 our1071.61 thinking1071.69 behind1072.09 that1072.41 number.1072.57 1075.16 COOK1075.16 -1075.16 Question1075.16 here1075.57 for1075.88 Zoe.1076.04 So,1076.37 yes,1078.61 I'm1078.85 guessing1079.09 if1079.48 the1079.64 site1079.72 were1079.96 to1080.2 come1080.28 along,1080.44 it1080.68 was1080.85 probably1081.09 guessing1081.72 maybe1082.2 the1082.52 $3,000,0001082.61 to1082.85 $4,000,0001083 range.1083.8 It's1085.88 hard1086.52 to1086.76 know.1086.85 But1087 let's1087.16 say1087.64 it1087.88 was.1088.2 Would1089.03 you1089.27 expect1089.43 to1090.07 be1090.23 maybe1090.47 5%1091.83 of1092.39 that1092.47 amount1092.71 to1093.35 tie1093.67 it1093.91 down?1094.07

1095.19 Let's1095.19 see.1095.43 Joe,1095.83 not1096.07 it.1096.23 5%1097.27 to1097.83 tie1097.99 it1098.07 down.1098.15

1098.47 SPEAKER61098.47 -1098.47 Well,1098.47 I1098.55 think1098.71 it1098.95 just1099.03 kinda1099.35 depends1099.59 on1099.83 the1099.99 right.1100.23 Yeah.1100.47 Yeah.1100.79

1101.19 SPEAKER11101.19 -1101.19 It1101.19 depends1101.27 a1101.67 lot.1101.75 1102.15 HYDE1102.15 -1102.15 It1102.15 depends1102.31 on1102.31 how1102.31 long1102.31 you're1102.55 asking1103.66 the1103.98 seller1103.98 to1104.46 be1105.51 patient.1105.66 1106.94 WEINROBE1106.94 -1106.94 Yes.1106.94 1106.94 COOK1106.94 -1106.94 I1108.31 just1108.46 want1108.63 to1108.79 make1108.79 sure1108.94 we're1109.11 going1109.18 to1109.51 now1109.51 validate1109.66 that1110.38 part1110.7 in1111.03 particular1111.18 because1111.74 I1112.14 think1112.22 that1112.55 the1114.38 property1114.63 prices1115.03 themselves1115.42 will1115.83 be1115.98 a1116.14 wild1116.31 card1116.63 here.1116.87 1118.58 WEINROBE1118.58 -1118.58 Yes.1118.58 And1118.82 to1119.22 be1119.38 honest,1119.46 you1120.26 know,1120.42 if1120.74 it's1120.9 a1121.14 mission1121.38 seller,1121.78 it's1122.66 a1122.9 completely1123.06 different1123.54 owner1123.86 statement1124.18 versus1124.5 a1124.9 market1124.98 seller.1125.38 If1126.5 the1126.66 market1126.74 seller,1127.06 yes,1127.86 $50,0001128.58 is1128.58 not1128.74 going1129.46 to1129.78 do1129.78 it.1129.94 But1130.1 I1132.76 think1132.91 it's1134.36 not1134.67 super1135.23 likely1135.56 that1135.96 we're1136.2 going1136.52 after1136.91 market.1137.47

1139.23 SPEAKER11139.23 -1139.23 I1139.23 don't1139.39 know.1139.56 It's1139.71 not1139.8 much1139.96

1140.28 SPEAKER61140.28 -1140.28 I1140.28 don't1140.36 think1140.6 I1140.84 don't1140.99

1141.23 SPEAKER11141.23 -1141.23 think1141.23 we're1141.32 right.1141.47 Yeah.1141.8 Because1141.96 there's1142.2 you1142.91 know,1143.08 1143.32 COOK1143.32 -1143.32 Wordhead1143.32 is1143.71 not1143.96 that1144.28 big1144.43 a1144.67 place.1144.84 At1145.23 the1145.39 end1145.63 of1145.88 the1146.04 day,1146.12 it's,1146.36 like,1146.76 4.31147.22 miles1148.34 or1148.66 something1148.9 like1149.14 square1149.46 miles1149.78 or1150.02 something1150.18 like1150.42 that.1150.58 I1150.66 don't1150.74 know1150.82 if1150.9 George1151.38 knows1151.54 the1151.54 number1151.86 off1151.94 the1151.94 top1152.02 of1152.18 his1152.5 head?1152.74 1152.74 PROAKIS1152.74 -1152.74 Between1152.74 41153.14 and1153.38 41153.54 and1153.66 a1153.78 half,1155.46 you're1155.62 in1155.62 the1155.78 ballpark.1155.94 1156.66 COOK1156.66 -1156.66 So,1161.15 it's1161.15 not1161.15 like1161.39 Boston1161.88 or1162.28 even1162.43 Cambridge1162.67 where1163.15 there's1163.32 just1163.63 a1163.72 lot1163.8 more1163.95 parcels1164.67 available1164.99 potentially.1165.56 Okay.1168.2 Did1169.39 anybody1170.84 want1171.15 to1171.47 add1171.47 anything1171.56 else1171.95 to1172.67 this?1172.76 We're1175.54 ready1175.94 to1176.34 try1176.74 to1176.9 move1176.98 forward1177.22 with1177.38 it?1177.54 1179.14 LEO1179.7 PATTERSON1179.7 -1179.7 WATERTOWN1179.7 AFFORDABLE1179.7 HOUSING1179.7 TRUST1179.7 MEMBER1179.7 -1179.7 I1179.7 have1179.7 one1179.86 question.1180.18 Other1181.06 key1181.38 elements1181.7 of1182.1 the1182.34 proposal1182.42 disposition1183.14 of1183.86 funds1184.02 after1184.42 three1184.74 years.1185.06 Does1186.26 that1186.5 mean1186.66 just1187.22 returns1187.46 to1188.02 CPC?1188.26 1190.71 DOWNIE1190.71 -1190.71 So,1191.04 I1191.19 think1191.36 the1191.6 question1191.91 would1192.39 be1192.56 what1193.04 happens1193.28 after1193.76 the1193.99 three1194.32 years?1195.67 So1195.67 I1195.99 think1196.15 the1196.32 hope1196.47 would1196.63 be1196.8 that1196.95 because1197.19 sometimes1197.43 this1197.84 can1197.91 take1198.08 a1198.23 while,1198.32 we1198.47 wouldn't1198.71 return1199.04 that1199.52 for1199.67 three1199.76 years,1199.91 but1200.08 that1200.23 would1200.39 be1200.47 something1200.63 we1201.04 would1201.12 have1201.28 to1201.43 talk1201.52 about1201.67 in1201.84 the1201.99 application.1202.15 1202.95 COOK1204.31 -1204.31 Is1204.31 there1204.55 a1204.71 time1206.23 limit1206.47 in1206.79 how1206.95 long1207.19 the1207.43 CPC1208.23 can1208.79 allocate1209.51 funds1209.99 or1210.39 have1210.63 the1210.71 ask1211.03 the1211.27 council1211.35 to1211.75 allocate1211.91 funds1212.31 before1213.35 the1213.83 funds1214.07 have1214.39 to1214.55 be1214.71 committed1214.95 or1215.35 returned?1215.51 1217.33 DOWNIE1217.33 -1217.33 I1217.33 apologize,1217.64 I1217.85 do1218.04 not1218.2 know1218.37 that1218.53 off1218.68 the1218.85 top1218.92 of1219.09 my1219.16 head,1219.24 but1219.4 I1219.57 can1219.64 look1219.72 into1219.88 that.1220.04 1220.53 LEON1220.53 -1220.53 So1221.33 that1221.57 31221.72 year1221.96 wasn't1222.53 tied1222.92 to1223.16 something1223.4 from1224.53 CPC1224.85 or1225.88 it1226.13 was1226.29 just1226.44 sort1226.68 of1226.85 a...1227.16 1227.8 DOWNIE1227.8 -1227.8 In1229.73 all1229.89 honesty,1230.05 Larry1230.37 wrote1230.61 that1230.77 section,1230.93 so1231.25 I1231.41 don't1231.49 remember1231.73 exactly1232.05 off1232.37 the1232.53 top1232.61 of1232.69 my1232.77 head.1232.85 But,1233.09 yes,1234.13 I1234.29 will1234.37 look1234.61 into1234.69 it.1235.01 1236.69 COOK1236.69 -1236.69 Larry1236.69 can1237.09 hear1237.25 this.1237.41 If1237.65 you1237.81 could1237.89 text1238.13 Will,1239.53 that1239.65 would1239.89 be1240.05 great.1240.13 Other1244.35 questions1244.59 or1244.98 comments?1245.14

1247.38 SPEAKER41247.38 -1247.38 Alright.1247.38

1249.3 SPEAKER11249.3 -1249.3 Can1249.3 you1249.54 introduce1249.7 yourself,1250.18 please?1250.51

1252.83 SPEAKER41252.83 -1252.83 Yeah.1252.83

1253.07 DENNIS1253.07 DUFF1253.07 -1253.07 RESIDENT1253.07 -1253.07 It's1253.07 Jay1253.22 Duff,1253.63 I'm1255 a1255.48 member1255.8 of1255.8 CPC,1256.04 but1256.68 I1256.76 am1257.08 here1257.32 tonight1257.32 as1257.64 a1257.8 citizen.1258.04 The1259.24 money's1259.32 not1259.72 free,1260.44 it1260.52 comes1260.52 out1260.84 of1261 tax1261.16 payers1266.76 pockets.1266.92 We1266.92 have1266.92 land1267.16 we1267.48 can1267.64 build1267.88 housing1268.2 on.1268.6 So,1270.38 I'm1270.69 a1270.86 little1270.93 confused.1271.17 Why1271.97 don't1272.21 we1272.38 go1272.45 up1272.69 to1273.1 the1273.26 West1273.41 End1273.73 and1274.05 build1274.3 51274.62 and1274.78 61274.93 stories1275.17 like1275.58 we're1275.73 going1275.89 to1276.21 build1276.21 in1276.45 the1276.62 East1276.69 End?1276.93 1278.3 HYDE1278.3 -1278.3 My1278.3 comment1278.54 was1279.02 more1279.26 directed1279.49 to1280.05 the1280.3 person1280.45 who1280.78 would1280.93 be1281.1 asking1281.26 us1281.58 once1281.82 we1282.13 have1282.3 the1282.54 funds1282.69 because1283.58 then1283.97 developers1285.05 think,1285.45 there's1285.85 this1286.09 cache1286.25 of1286.57 cash1286.89 that's1287.29 available1287.61 to1288.01 them,1288.57 I1289.53 hope1289.77 I1292.57 can1292.65 clarify1292.81 that1293.29 for1293.53 you.1293.69 1293.93 COOK1293.93 -1293.93 I1293.93 don't1294.01 think1294.17 anybody1294.41 here1294.81 thinks1295.05 money1295.29 is1295.61 free.1295.77 1296.01 HYDE1296.01 -1296.01 It's1296.01 not1296.25 free1296.49 at1296.65 all.1296.81 It's1298.65 taxpayer1298.82 money1299.62 that1299.86 should1300.1 be1300.98 well1301.13 thought1301.38 about1301.7 how1302.02 it1302.26 gets1302.41 used.1302.65 1303.3 DUFF1303.3 -1303.3 I'm1303.93 a1304.26 little1304.41 bit1304.65 annoyed,1304.82 I'll1305.06 take1305.22 that1305.38 fine.1305.86 But1306.41 why1307.38 are1307.54 you1307.7 established?1308.02 Why1308.58 is1308.74 it1308.89 more1308.98 on1309.3 housing1309.46 authority?1310.1 1313.05 COOK1313.05 -1313.05 Housing1313.05 authorities1313.37 are1313.85 not1314.09 flexible1314.41 enough1314.89 to1315.13 do1315.21 this.1315.37 I've1316.25 worked1316.41 with1316.57 housing1316.73 authorities1317.13 at1317.53 the1317.61 start1317.69 of1317.85 my1318.01 career.1318.17 I1318.49 worked1318.57 with1318.81 housing1319.05 authorities1319.37 who1319.85 is1319.93 now1320.17 HLC,1320.41 and1321.45 they1321.61 are1321.77 just1321.93 not1322.09 equipped.1322.89 Housing1323.61 authorities1324.09 are1324.65 really1324.81 about1325.13 owning1326.03 and1326.11 managing1326.18 housing1326.27 and1327.3 providing1327.55 social1327.94 services1328.35 to1328.9 the1328.98 residents.1329.07 They're1329.7 not1329.87 about1330.03 development.1330.27 You1331.46 know,1331.63 what1331.79 Watertown1332.35 has1332.74 managed1332.98 to1333.3 pull1333.38 off1333.55 Willow1333.79 Park,1334.11 they1334.35 did1334.51 with1334.74 a1335.3 lot1335.46 of1335.7 help,1335.87 primarily1336.35 from1336.9 the1336.98 Cambridge1337.14 Housing1337.46 Authority,1337.87 which1338.27 happens1338.42 to1338.83 be1338.98 take1339.14 the1339.38 experience1339.63 as1340.18 a1340.35 head1340.51 guard.1340.74 But1341.7 there1341.78 are,1342.74 what,1342.82 2501343.14 housing1343.94 authorities1344.34 in1344.66 the1344.74 state.1344.82 You1345.14 can1345.3 quite1345.46 count1345.7 the1346.02 fingers1346.1 by1346.42 hand,1346.66 remember,1346.98 they1347.3 could1347.46 pull1347.62 something1347.78 like1348.18 that1348.34 off1348.58 without1349.06 substantial1349.54 assistance.1350.26 1351.62 DUFF1351.62 -1351.62 Well,1351.62 unlike1351.94 Cambridge,1352.42 most1352.98 of1353.3 the1353.46 housing1353.62 that1354.48 was1354.64 built1354.88 in1355.2 Watertown1355.44 was1355.92 done1356.16 by1356.4 the1356.64 housing1356.8 fund.1357.29 1358.64 COOK1358.64 -1358.64 It1358.64 was1358.8 done1358.96 by1359.2 the1359.29 housing1359.44 authority1359.77 with1360.09 a1360.16 lot1360.24 of1360.48 assistance1360.57 from1360.96 the1361.13 state1361.29 that1361.53 we1361.61 care1361.68 to1361.92 do1361.92 that.1361.92 1361.92 PROAKIS1361.92 -1361.92 If1363.05 I1363.37 may,1363.44 you1363.68 know,1363.85 potentially1364.09 the1364.64 federal1364.72 government1365.13 which1367.49 isn't1367.49 funding1367.81 new1368.21 housing1368.29 construction1368.69 or1370.21 now1370.37 adding1371.09 on1371.49 top1371.57 of1371.81 that1371.97 the1372.29 Clinton1372.53 era1372.93 Fairclots1373.25 amendment,1373.81 which1374.37 basically1374.53 limits1375.09 housing1375.49 authority1375.89 from1376.29 providing1376.53 more1376.93 public1377.17 housing1377.57 than1377.89 they1378.05 had1378.29 on1378.45 some1379.11 certain1379.42 date,1379.83 301380.14 years1380.46 ago,1380.71 which1381.11 basically1381.35 is1381.74 tying1381.98 the1382.31 hands1382.46 of1382.71 housing1382.87 authorities1383.18 to1383.74 do1383.83 federally1384.79 funded1385.27 type1385.9 public1386.22 housing.1386.55 Basically,1387.27 we1388.31 are1388.46 left1388.63 with1388.95 a1389.11 situation1389.27 where1390.07 the1390.87 nonprofit1391.11 sector1391.66 building1392.07 affordable1392.46 housing1392.95 is1393.35 really1393.51 the1394.5 most1394.66 common1395.06 tool1395.54 out1396.02 there.1396.26 The1396.9 only1397.14 other1397.38 circumstance1397.7 I've1398.18 seen1398.42 this1398.58 done1398.82 is1398.98 housing1399.22 authorities1399.7 collaborating1400.9 with1401.54 the1401.7 nonprofit1401.86 sector1402.42 where1402.74 the1402.98 nonprofit1403.14 sector1403.62 is1404.02 still1404.26 pulling1404.66 in1405.06 the1405.78 funding1405.94 sources1406.34 of1406.74 the1406.82 borrowing1406.98 and1407.3 everything1407.46 else,1407.7 which1407.86 is1407.94 what1408.1 you're1408.26 seeing1408.42 in1408.58 Little1408.74 Park.1408.98 We're1409.39 using1409.63 housing1409.88 authority1410.28 land.1410.76 They're1411.55 doing1411.8 a1412.04 partnership1412.12 between1412.76 the1413.08 two1413.23 entities,1413.47 but1414.91 the1415.15 housing1415.23 authority1415.55 can't1415.88 pull1416.12 that1416.36 off1416.52 without1416.76 Paula.1416.99 Paula,1417.95 let's1418.43 say,1418.6 is1418.91 a1419.23 entity1419.55 because1419.95 they've1420.28 done1420.52 this1420.67 with1420.91 a1421.08 couple1421.15 of1421.39 housing1421.55 authorities.1421.88 1422.36 It's1422.36 just1422.6 pretty1422.91 strategic1423.68 in1424.08 figuring1424.32 out1424.64 how1424.88 to1425.04 do1425.12 it.1425.28 I'm1425.92 impressed1426.16 that1426.48 they1426.56 brought1426.8 a1427.04 project1427.12 together1427.44 that's1427.76 100%1428.08 affordable.1428.56 I1429.04 did1429.12 a1429.36 very1429.44 similar1429.68 project1430.08 with1430.4 Somerville1430.56 Housing1430.96 Authority,1431.76 and1432.48 we1432.64 needed1432.8 a1433.2 for1433.44 profit1433.68 market1434.96 rate1435.44 partner1436.14 in1436.63 the1436.87 pool1437.51 in1437.83 order1437.98 to1438.22 make1438.31 the1438.47 project1438.63 workable.1439.03 In1439.74 Willow1440.07 Park,1440.31 we1440.47 managed1440.71 to1441.03 find1441.11 a1441.42 funding1441.51 strategy1441.98 that1442.47 keeps1443.03 all1443.35 the1443.51 other1443.66 units1443.98 affordable,1444.31 not1444.71 at1444.95 the1445.03 same1445.18 lowest1445.42 rate1445.74 as1446.07 a1446.22 housing1446.31 authority,1446.71 but1447.18 nonetheless,1447.42 subsidized1448.64 at1448.96 a1449.28 rate1449.36 that1449.6 provides1450 good1450.48 housing1450.64 for1451.04 our1451.2 workforce.1451.36 This1452.24 is1452.48 a1452.64 really1452.8 frustratingly1454.4 tricky1455.12 time1455.52 to1455.76 be1455.92 in1456 the1456.16 middle1456.32 of1456.56 this.1456.64 I'm1458.96 not1459.12 opposed,1459.28 by1459.68 the1459.84 way,1459.92 using1460.24 the1460.56 city1460.64 land1460.88 for1461.28 affordable1461.68 housing.1462.16 I1462.56 mean,1462.64 the1462.96 site1463.26 we1463.41 bought1463.65 in1463.82 West1463.98 Watertown1464.22 is1465.49 a1465.58 very1465.65 interesting1465.89 site1466.3 to1466.62 potentially1466.78 use.1467.26 But1468.22 until1468.46 we1468.7 finish1468.86 the1469.17 feasibility1469.34 study1469.89 on1470.13 the1470.38 senior1470.46 center,1470.86 and1471.98 figure1472.3 out1472.62 some1472.78 things1472.93 about1473.34 some1473.65 of1473.82 the1473.98 city1474.22 storage1475.47 space1475.79 being1476.19 done1476.35 down1476.59 there,1476.75 I1476.99 can't1477.07 absolutely1477.47 say1478.03 that's1478.59 the1478.83 next1478.99 housing1479.15 site.1479.55 Here's1479.79 where1480.11 it1480.19 goes,1480.59 here's1480.83 how1480.83 it1480.99 works.1481.07 But1481.71 there's1482.19 a1482.71 path1482.91 there1483.15 potentially.1483.47 It's1484.03 just1484.19 part1485.79 of1486.03 you.1486.11 1486.67 DUFF1486.67 -1486.67 Sadly,1486.67 what1487.07 I'm1487.23 hearing1487.39 is1487.71 you're1487.87 saying1488.03 the1488.27 housing1488.43 authority1488.83 can't,1489.31 and1489.55 yet1489.79 we1489.95 have1490.11 Willow1490.67 Park.1491.55 Why1491.55 can't1491.71 they1491.95 do1492.27 that1492.51 at1492.76 Robert1492.84 Ford1493.15 Road1493.47 then?1493.88 1494.6 PROAKIS1494.6 -1494.6 So,1495.39 let's1495.71 think1495.95 about1496.19 this,1497.39 if1497.79 they1497.95 want1498.19 to1498.6 take1498.6 the1498.76 Willow1498.91 Park1499.32 model1499.55 to1499.88 Robert1500.03 Ford1500.43 Road,1500.67 the1501.23 thing1501.47 they1501.71 need1501.88 to1502.12 do1502.19 is1502.43 build1503.08 Willow1503.39 Park1503.71 and1503.95 finish1504.12 it1504.51 first.1504.67 I1505.28 think1505.44 once1505.68 that's1506 done1506.32 and1506.48 they1506.72 have1506.8 a1507.04 track1507.12 record1507.36 doing1507.68 one,1508.08 then1508.8 they1508.96 can1509.12 turn1509.36 around,1509.52 do1510.32 the1510.56 whole1510.64 partnership1510.96 thing,1511.44 do1511.76 it1511.92 again.1512.08 I1512.64 don't1512.8 think1512.96 the1513.2 state1513.36 that's1513.76 putting1514 significant1514.4 funds1514.96 in1515.28 is1515.68 going1515.84 to1516.16 fund1516.16 the1516.32 housing1516.48 authority1516.8 to1517.28 do1517.36 two1517.6 projects1517.68 in1518.32 the1518.48 same1518.56 community1518.88 at1519.68 the1519.92 same1520.08 time,1520.32 especially1521.07 one1521.38 that1521.46 hasn't1521.63 done1521.94 one1522.18 before1522.35 until1522.83 they1523.22 see1523.38 the1523.63 success1523.79 on1524.18 the1524.35 first1524.51 one,1524.74 and1525.07 then1525.22 we1525.55 replicate1525.7 it1526.27 on1526.35 the1526.51 second.1526.59 That1527.3 said,1527.63 that1528.27 path1528.51 takes1528.74 a1528.98 couple1529.07 of1529.38 years,1529.46 but1529.7 if1529.87 we1530.03 get1530.18 there,1530.35 sure,1531.07 I1531.46 mean,1531.55 that's...1532.03 1532.35 DUFF1532.35 -1532.35 I'm1532.35 not1532.59 saying1532.83 it1533.07 has1533.22 to1533.38 be1533.55 full,1534.35 it1534.51 doesn't1534.66 have1535.07 the1535.14 housing.1535.22 1536.32 PROAKIS1536.32 -1536.32 There1536.32 are1537.28 other1537.44 groups1537.68 that1538 can1538.16 partner1539.36 with1539.68 the1539.84 housing1539.92 authority.1540.24 I1540.56 just1540.72 don't1540.88 think,1541.12 and1541.36 I1541.52 don't1541.6 know,1541.76 but1542 my1542.4 impression1542.56 is1542.96 if1543.36 there's1543.36 two1543.68 Watertown1543.92 Housing1544.4 Authority1544.72 proposals1545.2 were1545.68 in1545.92 the1546 state1546.16 at1546.48 the1546.64 same1546.8 time.1547.04 They1547.52 would1547.68 call1547.92 them1548.08 up1548.24 and1548.32 say,1548.48 alright.1548.64 Which1548.88 one's1549.04 more1549.36 important1549.52 to1549.92 you?1550.08 And1550.32 then1550.48 they1550.64 would1550.72 throw1550.98 the1551.14 other1551.3 one1551.38 on1551.46 the1551.59 back1551.7 burner1552.03 and1552.42 wait1552.59 until1552.74 the1553.07 first1553.14 one1553.94 was,1554.98 especially1554.98 an1555.3 authority1555.46 that1555.79 hasn't1555.94 done1556.18 this1556.35 before.1556.59 They1556.83 would1556.98 be1557.14 like,1557.3 prove1557.79 you're1558.03 successful1558.35 at1558.9 this,1559.07 and1559.46 then1559.7 we'll1559.87 look1560.11 at1560.27 the1560.35 second1560.51 application.1560.9 1561.46 WEINROBE1561.46 -1561.46 And1561.46 not1561.7 only1561.87 that,1562.11 but1562.35 a1562.59 large1562.66 source1562.9 of1563.14 funding1563.3 to1563.87 support1564.03 that1564.35 Willow1564.59 Park1564.9 project1565.76 is1566 not1566.24 in1566.56 future1566.8 state1567.2 budgets.1567.44 There1567.92 is1568.16 a1568.32 specific1568.56 set1569.12 of1569.28 funds1569.44 that1569.68 were1569.92 designed1570.56 to1571.2 support1571.44 housing1572.16 authorities1572.48 redeveloping1573.04 public1573.76 housing1574.08 sites1574.56 in1574.8 Massachusetts.1574.96 That1575.92 fund1576.16 is1576.4 running1576.56 dry.1577.04 So,1577.68 I1577.92 don't1578.08 even1578.24 know1578.56 a1579.12 future.1579.28 The1580.27 cost1580.51 of1580.98 doing1581.22 redevelopment1581.79 on1582.27 the1582.51 housing1582.59 authority1582.9 site1583.31 is1583.63 significantly1583.87 higher1584.59 than1584.83 when1585.07 a1585.22 nonprofit1585.38 just1586.27 acquired1586.59 the1586.98 site1587.14 outside1587.46 of1587.87 the1588.03 public1588.18 housing1588.51 authority1588.9 context.1589.38 I'm1590.18 talking,1590.35 like,1590.66 251591.46 to1591.95 30%1592.11 more1592.83 as1593.86 a1594.02 housing1594.26 authority1594.74 sponsored1595.14 project1595.62 rather1596.1 than1596.42 a1596.82 just1596.98 straight1597.22 affordable1597.54 housing1598.02 project1598.34 sponsored1598.66 by1598.98 a1599.22 nonprofit1599.38 or1599.94 a1600.18 for-profit1600.42 developer.1600.82 1601.94 PROAKIS1601.94 -1601.94 So1601.94 with1602.18 all1602.42 that1602.58 said,1602.82 if1603.06 I1603.18 can1603.3 venture1603.54 deeper1603.94 into1604.34 a1604.66 little1604.74 rabbit1606.22 hole1606.54 here1606.78 for1607.02 just1607.18 a1607.42 second.1607.51 The1610.46 Willow1610.54 Park1610.87 type1611.18 project,1611.42 I1611.9 think,1612.07 is1612.3 incredibly1612.46 valuable.1613.02 I1613.42 think1613.51 the1613.74 reading1615.11 of1615.42 the1615.51 recent1615.66 studies1619.48 out1619.88 of1620.12 Harvard1620.28 on1620.68 the1620.84 Hope1620.92 61621.16 projects1621.4 and1621.8 what1622.04 it1622.2 does1622.36 to1622.76 young1623 people1623.32 growing1623.8 up1624.2 in1624.68 the1624.76 mixed-income1625.32 developments1625.64 versus1626.2 the1626.52 old-style1626.92 family1627.32 affordable1627.72 housing,1628.12 the1628.84 outcomes1629.8 for1630.44 those1630.6 children1630.84 are1631.32 a1631.4 lot1631.48 better.1631.64 That's1632.53 a1632.77 lot1632.92 to1633.01 do1633.16 with1633.48 the1633.64 design1633.81 and1634.13 the1634.29 layout1634.45 and1634.77 the1635.01 interactions1635.64 in1636.29 the1636.45 housing1636.61 that1637.09 doesn't1637.33 happen1637.57 in1638.45 a1638.61 1940s,1640.13 1950s1640.68 style1640.68 family1641.48 housing1641.81 development.1642.29 So,1643.16 I1643.88 think1644.05 it's1644.21 incredibly1644.53 important1645.09 to1645.57 keep1645.64 on1645.81 looking1646.05 at1646.29 doing1646.45 these1646.61 types1646.85 of1647.01 things.1647.16 It's1647.63 unfortunate1647.87 that1648.51 in1648.67 the1648.83 90s,1648.99 the1649.55 federal1649.79 government1650.19 was1650.51 plowing1650.75 money1651.15 into1651.39 this1651.63 and1651.87 is1652.03 not1652.19 now.1652.43 And1652.99 now1653.23 the1653.71 state1653.95 was1654.27 willing1654.51 for1654.83 a1654.99 window1655.07 of1655.39 time1655.55 to1655.79 put1655.95 money1656.11 into1656.43 this1656.67 and1656.99 is1657.23 not1657.39 now.1657.71 And,1658.99 you1659.39 know,1659.47 if1659.87 you1659.95 want1660.11 to1660.43 take1660.43 another1660.59 trip1660.91 up1661.07 to1661.15 legislature,1661.62 maybe1661.78 I'll1662.02 show1662.17 you1662.41 the1662.49 ads1662.65 for1662.97 more1663.38 money1663.54 than1663.78 that.1663.86 But,1666.1 anyway,1667.93 that's1668.34 something1668.82 we1669.22 can1669.3 talk1669.46 about1669.7 at1669.93 some1670.1 point.1670.26 1670.73 DUFF1670.73 -1670.73 Well,1670.73 I've1670.89 always1671.13 known1671.54 that1671.86 the1672.02 best1672.17 thing1672.41 is1672.65 Section1672.82 81673.3 for1673.46 that1673.7 reason1673.93 of1674.34 fixing.1674.49 and1675.57 not1675.65 separating1676.05 because1676.61 I1676.93 think1677.01 when1677.25 I1677.49 was1677.65 in1677.89 school1678.05 way1678.37 back1678.69 before1679.89 the1680.29 Red1680.45 Cross1680.61 that1680.97 they1682.77 build1683.01 a1683.25 project1683.41 in1683.81 Saint1684.05 Louis,1684.29 hundreds1684.93 of1685.41 units.1685.57 How1686.93 many1687.09 people1687.41 moved1687.81 in?1688.13 None.1688.92 Because1689.4 I1689.64 know1689.73 it's1689.97 going1690.13 to1690.29 be1690.29 an1690.53 instant1690.61 get1691.01 off,1691.25 but1691.4 they1691.73 door1691.81 it1692.05 down.1692.13 1692.68 PROAKIS1692.68 -1692.68 Yes,1693.73 it's1694.25 scattered1694.77 site1695.25 mixed1695.57 income.1695.81 There's1696.13 a1696.29 whole1696.37 lot1696.61 of1696.77 strategies1696.92 here,1697.33 all1698.13 of1698.29 which1698.45 are1698.77 not1698.92 generating,1699.33 you1699.88 know?1699.97 I1700.78 mean,1700.94 you've1702.06 heard1702.38 me,1702.7 anytime1703.02 I1703.02 get1703.1 up1703.26 and1703.34 talk1703.5 about1703.66 affordable1703.98 housing,1704.38 the1704.7 first1704.78 thing1705.02 I1705.18 usually1705.26 start1705.58 with1705.82 is1705.98 telling1706.14 people1706.46 that1706.7 I1707.02 think1707.1 the1707.34 federal1707.42 government1707.82 abandoned1708.22 housing1708.7 as1709.1 a1709.26 finance1709.34 priority1709.82 501710.54 or1710.86 601711.02 years1711.34 ago.1711.58 I1712.14 don't1712.3 think1712.46 either1712.7 political1712.94 party1713.34 has1713.66 done1713.9 a1714.06 good1714.14 job1714.3 of1714.46 addressing1714.62 the1715.02 issue1715.18 since1715.42 the1715.68 federal1715.92 level,1716.16 which1716.4 is1716.64 where1716.73 the1716.97 funding1717.05 is1717.45 available1717.61 to1718.4 solve1719.05 the1719.37 big1719.45 problems.1719.68 They1720.4 have1720.57 left1720.73 state1720.97 and1721.21 local1721.29 government1721.61 trying1722.01 to1722.25 solve1722.33 this,1722.64 and1723.05 the1723.29 toolkit1723.45 we1723.85 have1724.01 is1724.33 not1724.57 adequate,1724.81 but1725.21 we1725.45 work1725.53 with1725.77 the1725.92 tools1726.01 we1726.33 have1726.4 the1726.57 best1726.73 we1726.97 can.1727.13 That's1727.45 my1728.25 insight.1728.4 A1729.05 housing1729.13 trust1729.45 is1729.68 a1729.85 good1729.92 tool1730.16 to1730.49 do1730.72 stuff1730.88 at1731 the1731.12 local1731.28 level.1731.6 1732.64 DUFF1732.64 -1732.64 One1732.64 last1732.88 quick1733.2 question.1733.52 The1733.84 housing1734.08 trust1734.48 can1734.8 go1734.96 around1735.2 the1736.32 town,1736.56 the1736.88 city1737.12 council?1737.44 1738.24 PROAKIS1738.24 -1738.24 The1738.24 council1739.36 authorized1740.16 the1740.88 trust1741.04 as1742.08 the1742.48 trustees1742.88 of1743.52 their1743.76 own1743.92 funds.1744.16 So,1747.2 the1747.68 trust1747.85 as1748.16 it1748.33 exists1748.57 does1749.61 not1749.85 require1750.09 a1750.57 council1750.64 vote1751.04 to1751.37 spend1751.61 money.1751.85 It1752.24 requires1752.4 just1752.8 a1752.96 trust1753.04 vote1753.37 to1753.53 spend1753.68 money.1753.92 That's1754.16 in1754.4 the1754.64 charter1755.13 for1755.53 every1755.68 housing1755.92 trust1756.33 in1756.57 Massachusetts.1756.72 1758.01 COOK1758.01 -1758.01 Why1758.01 is1758.01 it1758.01 a1758.01 trust1758.09 rather1758.4 if1759.05 it1759.21 could1759.37 replace1759.53 the1759.93 partnership,1760.09 which1760.65 to1761.13 the1761.29 extent1761.45 that1761.69 we1761.77 had1762.01 funds,1762.25 we1762.57 have1762.73 to1762.97 ask1763.13 the1763.45 council1763.61 to1764.01 allocate1764.17 them.1764.57 1765.29 HYDE1765.29 -1765.29 And1765.29 trust1765.53 is1766.01 a1766.17 fiduciary,1766.33 and1766.81 we1766.97 have1767.13 to1767.29 use1767.37 the1767.61 funds1767.77 responsibly.1768.09 1771.34 COOK1771.34 -1771.34 The1771.34 same1771.49 sense1771.73 that1772.05 kills1772.21 the1772.53 password.1772.62 1773.58 DUFF1773.58 -1773.58 So,1773.89 I1774.69 mean,1774.86 everything1775.02 got1775.58 out1775.73 of1775.82 the1775.89 blocks1775.97 and1776.29 created1776.45 a1776.86 lot1776.93 of1777.17 town1777.26 section1777.58 8.1777.97 1780.29 COOK1780.29 -1780.29 Well,1780.29 the1780.29 problem1780.62 with1781.02 that1781.17 is1781.34 that1781.49 it's1782.29 great1782.45 to1782.78 say1783.14 we'll1783.3 do1783.54 that1783.62 this1783.86 year,1784.1 next1784.34 year,1784.5 the1784.74 year1784.82 after,1785.06 then1785.46 we're1785.78 tying1786.02 the1786.34 hands1786.42 of1786.82 the1787.14 city1787.22 for1788.1 here1788.34 to1788.58 the1788.66 horizon.1788.82 1789.62 PROAKIS1789.62 -1789.62 Somerville's1790.26 tried1790.9 doing1791.22 this,1791.46 and1791.7 I'm1791.94 really,1792.18 really1792.5 worried1792.74 that1793.06 it's1793.22 going1793.46 to1793.7 fall1793.7 off1793.86 a1794.02 cliff1794.1 at1794.42 some1794.5 point.1794.74 They're1795.06 basically1795.3 providing1796.32 locally1796.88 funded1797.36 vouchers1797.84 for1798.32 affordable1798.56 housing1799.04 works1799.84 for1800.08 a1800.32 few1800.39 years,1800.63 and1800.95 then1801.19 one1801.76 year,1801.99 it1802.23 suddenly1802.39 becomes1802.8 unaffordable.1803.12 And1803.76 now1803.91 you've1804.08 left1804.32 people1804.56 sitting1804.88 in1805.12 market-rate1805.6 housing1805.76 without1806.08 the1806.39 voucher.1806.56 The1807.12 advantage1807.28 of1807.76 a1807.91 federal1807.99 voucher1808.39 is1809.2 that1809.36 the1809.68 federal1810 government1810.24 is1810.64 a1810.88 little1810.96 bit1811.2 better1811.36 at1811.6 least1811.68 at1812.16 making1812.24 sure1812.56 to1812.68 fund1812.8 the1813.12 program1813.2 every1813.6 year1813.84 than1814.08 we1814.56 could1814.64 be1814.88 with1814.96 the1815.12 funding1815.2 sources1815.6 we1815.92 have1816 available.1816.24 1816.88 WEINROBE1816.88 -1816.88 Right.1816.88 It's1817.12 truly1817.28 lucky1817.6 in1817.84 Massachusetts1818 that1818.56 we1818.8 have1818.88 a1819.04 state1819.2 rental1819.44 voucher1819.84 program,1820.24 which1820.56 is1820.8 one1821.04 of1821.2 the1821.36 few1821.52 states1821.68 in1822.16 the1822.32 country1822.48 that1822.88 does1823.12 it.1823.28 So,1823.44 that1824.08 has1824.23 been1824.47 a1825.12 huge1825.27 savior1826.39 for1827.03 affordable1827.43 housing1827.91 developments1828.23 because1828.55 the1828.79 Section1828.88 81829.19 program1829.36 is1829.76 not1829.99 more1830.15 limited1830.39 in1830.95 its1831.12 ability1831.36 to1831.76 put1831.99 in1832.23 out1832.39 new1832.63 vouchers1832.79 on1833.19 the1833.27 street,1833.43 and1833.91 the1834.08 state1834.23 is1834.95 really1835.19 desperately1835.67 trying1836.15 to1836.47 fill1836.55 that1836.79 gap.1836.95 1838.88 COOK1838.88 -1838.88 Yes.1838.88 I1839.17 mean,1839.45 we're1839.74 lucky1840.03 to1840.31 be1840.6 in1840.89 Massachusetts1841.17 overall.1841.46 The1841.75 amount1842.03 of1842.32 leverage1842.61 tools1842.89 we1843.18 have1843.47 available1843.75 compared1844.04 to1844.33 many1844.61 other1844.9 parts1845.19 of1845.47 the1845.76 country.1846.05 I1846.33 mean,1846.62 California1846.91 inclusionary1847.19 housing1847.48 is,1847.77 I1848.05 mean,1848.34 considered1848.63 a1848.91 weak1849.2 or1849.49 correctly.1850.06 So,1850.35 in1850.63 many1850.92 states,1851.21 you1851.49 don't1851.78 have1852.07 inclusionary,1852.64 you1852.93 don't1852.93 have1853.21 the1853.5 state1853.79 funds,1854.36 you1854.72 don't1854.72 have1854.88 the1854.97 state1855.05 voucher1855.45 program.1855.85 I1861.01 guess,1861.13 the1861.45 federal1861.61 high-tech1862.01 program,1862.48 but1862.88 that's1862.96 not1863.37 a1864.09 whole1864.24 lot1864.48 more.1864.64

1866.4 So1866.4

1867.78 SPEAKER61867.78 -1867.78 Community1867.78 preservation1868.26 act?1869.22

1869.78 SPEAKER11869.78 -1869.78 Yeah.1869.78 Yeah.1870.1 Yeah.1870.74 Yeah.1871.7 Sad.1872.02 Sad.1872.74 K.1874.42

1878.42 COOK1878.42 -1878.42 Further1878.42 discussion?1878.42 Alright.1878.42 I1878.82 wanted1878.9 to1879.22 suggest1879.3 a1879.78 motion1879.86 and1880.34 ask1880.5 someone1880.9 to1881.14 move1881.18 it,1881.22 then1881.38 we1881.54 can1881.7 discuss1881.94 whether1882.27 we1882.42 want1882.51 to1882.66 amend1882.83 it.1883.07 I1884.66 authorize1885.14 the1885.14 chair1885.22 and1885.46 staff1885.63 to1885.87 draft1886.03 and1886.35 submit1886.42 an1886.83 eligibility1886.98 form1887.63 and1887.94 full1888.18 funding1888.42 application1888.83 with1889.31 the1889.55 community1889.63 preservation1890.03 committee1890.66 for1891.63 the1891.87 creation1891.94 of1892.35 a1892.42 predevelopment1892.59 reserve1893.22 fund1893.55 as1893.79 detailed1893.94 in1894.35 the1894.51 outline1894.59 for1894.98 CPC1895.22 funding1895.7 application1896.18 prepared1896.8 by1897.04 staff1897.2 with1898.24 any1898.48 changes1898.72 discussed1899.2 during1899.44 this1899.76 meeting1899.92 or1900.24 would1900.4 think1900.56 there1900.88 were1901.04 any,1901.28 and1901.92 to1902.24 represent1902.4 the1902.8 trust1902.96 and1903.28 CPC1903.52 meetings1904.08 related1904.48 to1904.8 said1904.96 application.1905.2 So,1907.6 would1908.16 anyone1908.4 like1908.72 to1908.88 move1909.04 that?1909.28 Then1909.44 we1909.68 can1909.76 see1910.28 if1910.37 we1910.44 want1910.61 to1910.68 take1910.68 over1910.92 the1911.16 wording.1911.33 1912.2 WEINROBE1912.61 -1912.61 So1912.61 moved.1912.85 1916.92 LEON1917.48 -1917.48 Second.1917.48 1922.44 COOK1923.84 -1923.84 We1923.84 can1924 then1924.24 vote,1924.32 I1924.56 suppose.1924.64 All1926.24 in1926.48 favor?1926.64 Aye.1927.52 Any1928.96 opposed?1929.2 The1930.32 ayes1930.72 have1930.88 it.1931.2 Alright.1931.68 Thank1932.08 you.1932.4 I1934.52 think1934.56 that's1935.44 some1935.84 general1936.24 business1936.64 items1937.04 that1937.44 are1937.6 coming1937.84 up1938.16 next1938.4 on1941.16 the1941.16 agenda.1941.16 The1941.88 first1941.96 one1942.2 is1942.29 the1942.45 housing1942.61 plan.1943.01 I1943.4 think1943.48 Will1943.72 is1944.05 giving1944.05 us1944.29 updates1944.53 to1944.92 this.1945.09 1945.48 DOWNIE1945.48 -1945.48 Yes.1945.48 So1946.2 I1946.37 think1946.45 the1948.13 next1948.2 three1948.45 sub1948.68 items,1949.24 a,1949.48 b,1949.81 and1949.96 c.1950.2 So,1951.87 on1952.11 the1952.27 housing1952.43 plan,1952.75 I1953.15 just1953.15 wanted1953.39 to1953.63 update1953.71 everyone1954.11 after1954.43 the1954.75 vote1954.83 last1955.15 month.1955.39 That1956.19 was1956.43 submitted1956.59 to1956.99 the1957.07 city1957.07 council1957.39 who1957.79 referred1957.95 it1958.27 to1958.43 the1958.51 human1958.67 services1958.99 and1959.55 economic1959.87 development1960.35 committees,1960.83 with1961.79 the1962.03 hearing1962.35 date1962.75 to1962.99 be1963.15 determined.1963.39 Staff1964.35 will1964.67 present1964.83 that,1965.23 and,1965.47 hopefully,1965.63 it1966.42 will1966.66 go1966.83 to1966.9 the1967.07 committee,1967.31 and1967.63 they1967.79 will1967.95 recommend1969.38 to1969.79 the1969.87 council1970.11 to1970.66 endorse1971.38 it1971.95 with1972.11 potentially1972.35 with1972.66 amendments,1972.83 but1973.31 we1973.55 will1973.71 keep1973.87 the1973.95 trust1974.11 updated1975.47 as1975.87 we1975.95 learn1976.35 more1976.66 about1976.83 when1976.99 that1977.23 hearing1977.38 date1977.63 will1977.87 be1978.03 and1978.27 what1978.59 else1979.14 comes1979.38 out1979.63 of1979.87 that.1979.95 1980.7 COOK1980.7 -1980.7 Which1980.7 committee1981.02 did1981.34 you1981.34 say?1981.5 1981.98 DOWNIE1982.22 -1982.22 So,1982.22 it1982.22 was1982.38 referred1982.62 to1983.02 both1983.34 the1983.74 human1983.98 services1984.3 committee1984.7 and1985.1 the1985.34 economic1985.5 development1985.98 and,1986.54 planning1987.42 committees.1987.82 1988.3 COOK1988.3 -1988.3 Would1988.3 they1988.38 have1988.54 a1988.78 joint1988.86 hearing1989.18 on1989.5 this1989.66 or1990.22 separate1990.38 hearings?1990.78 1992.38 DOWNIE1992.38 -1992.38 I1992.38 cannot1992.94 speak1993.34 to1993.58 that1993.66 off1993.9 the1994.06 top1994.14 of1994.38 my1994.54 head,1999.26 that's1999.58 up1999.82 to2000.05 the2000.29 chairs2000.93 of2001.34 the2001.41 committees.2001.58 It2003.89 would2003.97 make2004.21 sense2004.38 to2004.69 do2007.17 one.2007.65 2007.65 COOK2007.65 -2007.65 It2007.65 depends2007.65 on2007.65 what2007.65 they2007.82 want2007.97 to2008.21 do,2008.54 they2008.69 may2008.69 have2008.69 different2008.86 ideas2009.17 about2009.58 this.2009.82 Affordable2011.67 housing2012.07 incentive2013.03 study.2013.51 The2014.71 MAPC2014.87 study,2015.43 that's2015.83 what2015.99 they2016.15 call2016.23 it.2016.87 2016.87 DOWNIE2016.87 -2016.87 Yes.2016.87 So,2017.19 MAPC2017.99 has2018.63 finalized2018.95 with2019.43 the2019.59 study,2019.75 and2020.63 a2022.47 presentation2022.71 of2023.27 it2023.43 has2023.59 been2023.75 referred2024.07 to2024.63 the2025.57 city2025.81 council2026.21 and2026.68 onto2027.09 a2027.64 committee2027.73 as2028.13 well2028.29 where2028.45 it's2028.68 referred2028.92 to2029.33 the2029.57 human2029.81 services2030.05 committee2030.45 at2030.77 the2030.85 last2031.01 meeting2031.24 at2031.48 the2031.57 same2031.73 time2031.88 as2032.05 the2032.29 incentive2032.85 study.2033.24 And2033.57 just2033.73 to2033.97 clarify,2034.05 that's2034.45 just2034.61 the2034.85 human2034.92 services2035.24 committee2035.64 for2035.97 this2036.13 one.2036.77 So,2036.92 it's2036.92 not2037.09 going2037.33 to2037.57 both2037.81 committees2038.05 like2038.61 the2038.77 housing2038.92 plan2039.4 is.2039.73 Again,2041.62 scheduling2043.14 is2043.62 still2043.7 to2043.94 be2044.1 determined,2044.34 but2044.98 we2045.46 will2045.7 keep2045.86 the2046.1 trust2046.18 updated.2046.5 2048.74 COOK2048.74 -2048.74 Well,2048.74 just2048.74 a2048.74 couple2048.82 of2049.14 questions2049.14 here.2049.46 Will2049.7 that2049.94 study2050.18 offer2050.58 specific2050.9 recommendations2051.46 or2052.42 rather2053.78 will2054.03 it2054.26 offer2054.34 strategies2054.74 the2055.22 city2055.39 might2055.63 choose2055.86 to2056.11 pursue?2056.18 2058.03 DOWNIE2058.03 -2058.03 So,2058.91 I2059.14 don't2059.22 want2059.3 to2059.63 get2059.63 too2059.86 ahead2061.86 of2062.03 the2062.18 horse2062.43 especially2062.66 because2063.07 this2063.3 is2063.46 going2063.55 to2063.78 the2064.26 city2064.43 council.2064.66 2065.39 COOK2065.39 -2065.39 Part2066.03 of2066.18 the2066.26 reason2066.34 I2066.59 asked2066.66 is2066.91 that2067.07 the2067.22 housing2067.39 plan2067.78 essentially2068.59 incorporates2068.91 any2069.55 replacements2070.27 that2070.83 come2070.91 out2071.07 of2071.11 the2071.15 incentive2071.31 study2071.71 by2072.03 references2072.27 because2072.67 we2073.07 were2073.15 ahead2073.39 of2073.71 the2073.87 schedule2073.95 here,2074.43 we2074.59 couldn't2074.59 wait2074.91 for2075.07 them2075.23 any2075.39 longer.2075.63 2076.11 DOWNIE2076.11 -2076.11 Of2076.11 course.2076.19 Yes,2078.51 it2078.83 will2078.99 have2079.15 recommendations.2079.39 2083.08 COOK2083.08 -2083.08 Alright.2083.08 Any2083.47 questions2083.72 under2084.2 those2084.43 two2084.68 items2084.84 that2085.24 are2085.39 tied2085.88 together?2086.11 Local2088.99 preference2089.39 policy.2089.8 2090.84 DOWNIE2090.84 -2090.84 Yes.2090.84 So,2091.32 as2092.28 the2092.52 trust2092.76 may2093.08 or2093.24 may2093.39 not2093.47 be2093.64 aware,2093.8 it's2094.11 been2094.36 about2094.85 five2095.17 years2095.41 since2095.81 the2096.45 city2096.77 adopted2097.09 a2097.49 local2097.65 preference2097.89 policy,2098.29 which2098.69 just2099.09 to2099.33 quickly2099.49 remind2099.89 everyone,2100.21 the2101.25 current2101.49 policy2101.81 of2102.21 the2102.37 city2102.53 is2102.93 50%2103.33 local2103.97 preference2104.29 for2104.93 new2105.33 rental2106.53 development2106.93 that2107.65 the2108.09 city2108.24 has,2108.48 in2108.72 some2109.05 way,2109.28 been2109.61 a2109.76 part2109.93 of2110.09 either2110.24 through2110.48 direct2110.72 funding2111.05 or2111.53 through2111.93 the2112.16 inclusionary2112.32 zoning2112.89 program.2113.36 So,2115.2 it's2115.36 been2115.53 five2115.68 years2115.93 from2116.16 that.2116.32 So,2117.36 essentially,2117.53 we've2118.01 been2118.24 starting2118.57 to2118.8 look2118.89 at2119.05 some2119.2 of2119.36 the2119.53 data2119.61 on2120.48 that.2120.89 However,2123.37 while2123.85 I2124.01 started2124.09 to2124.25 look2124.41 at2124.57 it,2124.65 I2124.73 do2124.89 want2125.05 to2125.29 give2125.29 it,2125.45 presented2126.25 to2126.57 the2126.81 trust2126.89 here2127.13 for2127.29 two2127.45 principal2127.77 reasons.2128.17 One,2128.73 because2130.25 of2130.57 the2130.73 timing,2131.53 and2131.77 how2131.93 it2132.09 aligns2132.25 with2132.57 development2132.89 policies,2133.93 there's2134.33 only2134.49 been2134.81 one2135.13 lottery2135.61 since2136.09 the2136.41 policy2137.55 has2138.03 been2138.18 adopted,2138.34 so2138.74 we2138.98 have2139.22 one2139.78 data2140.03 point,2140.34 essentially.2140.74 Additionally,2143.22 the2144.59 1042145.07 Main2145.7 Street2145.94 is2146.34 in2146.51 the2146.66 process2146.82 of2147.22 beginning2147.46 their2149.14 marketing2149.39 process.2149.78 So,2150.26 over2150.74 the2150.82 next2150.98 couple2151.22 of2151.46 months,2151.63 that2151.86 will2152.03 be2152.18 rounding2152.57 out.2152.89 We2153.53 thought2153.61 it2153.85 would2153.93 probably2154.09 be2154.41 for2154.49 the2154.65 best2154.81 to2155.05 wait2155.29 until2155.45 we2155.69 get2155.85 a2156.17 second2156.33 data2156.65 point2156.89 and2157.21 a2157.37 fairly2157.61 large2158.01 data2158.33 point2158.57 with2158.81 212159.13 affordable2159.69 units2160.17 in2160.57 there,2160.65 so2161.61 that2162.33 while2163.21 it's2163.45 still2163.61 not2163.85 a2164.09 lot2164.17 of2164.41 data2164.49 or2164.97 a2165.29 lot2165.45 of2165.61 data2166.3 points2166.61 to2167.01 extrapolate2167.34 from,2167.89 it'll2168.86 help2169.09 us2169.34 get2169.49 a2169.74 clearer2170.14 picture.2170.45 And2170.78 just2170.93 with2171.18 the2171.41 timing,2171.49 we2171.89 felt2172.05 it2172.3 made2172.53 some2172.86 sense2173.09 to2173.41 wait2173.49 until2173.66 we2173.97 have2174.05 that2174.22 numbers2174.38 to2174.78 inform2175.34 the2175.74 trust2176.78 as2177.01 well.2177.18 2178.23 WEINROBE2178.23 -2178.23 Can2178.23 I2178.47 ask2178.7 a2178.94 question?2179.17 So,2179.65 for2179.88 the2180.12 net2181.06 new2181.3 units2181.53 at2181.77 Willow2182.01 Park,2182.24 I2182.48 mean,2182.71 I2182.95 remember2183.19 all2183.43 the2183.67 public2183.91 housing2184.15 units,2184.87 those2185.11 are2185.11 folks2185.27 who2185.39 have2185.51 a2185.75 right2185.83 to2185.99 return2186.15 for2186.47 the2186.63 new2186.71 units.2186.87 Is2187.19 right2188.55 now2188.79 the2188.95 assumption2189.11 that2189.51 there'll2189.67 be2189.91 the2190.07 50%2190.23 local2190.95 preference2191.35 on2191.91 those?2192.31 2193.43 DOWNIE2193.43 -2193.43 No.2193.43 So,2193.74 for2194.14 that,2194.55 because2195.03 of2195.34 the2196.14 extensive2196.22 funding2196.7 that2197.03 the2197.11 city2197.18 put2197.43 into2197.66 it,2197.79 the2197.91 city2197.98 actually2198.3 requested2199.26 70%.2199.74 2200.95 WEINROBE2200.95 -2200.95 Has2200.95 the2200.95 state2201.11 signed2201.43 off2201.74 on2201.98 that?2202.14 But2203.34 they2203.51 haven't2203.74 closed2203.98 yet?2204.3 2205.11 DOWNIE2205.11 -2205.11 No,2205.11 they2205.26 haven't2205.26 closed2205.51 yet,2214.43 the2214.67 words2214.75 in2215.07 the2215.23 marketing2215.31 plan2215.71 has2215.87 not2216.03 yet2216.19 been2216.43 submitted2216.59 to2216.91 the2216.99 state,2219.23 which,2219.23 of2219.55 course,2219.79 is2220.03 where2220.19 a2220.51 local2220.59 preference2220.83 policy2221.23 would2221.63 then2221.71 be.2221.95 That's2227.18 kind2227.43 of2227.59 where2227.66 we're2227.79 at.2227.91 I2228.07 have2228.14 started2228.55 crunching2228.86 numbers2229.18 on2229.59 it2229.66 and,2229.82 you2229.98 know,2230.07 we've2230.55 done2230.78 stuff.2231.03 Fortunately,2231.34 for2231.82 looking2232.39 at2232.7 this2232.86 data,2233.03 because2234.14 of2234.55 the2234.7 timing2234.78 of2235.11 it,2235.18 there2235.34 were2235.43 actually2235.59 two2236.66 developments2236.98 that2238.1 while2238.42 they2238.66 did2239.22 not2239.46 have2239.62 local2239.78 preference2240.1 policies2240.5 because2241.06 all2241.38 of2241.62 their2241.7 approvals2241.94 were2242.34 done2242.5 before2243.22 the2243.38 policy2243.54 was2243.94 adopted,2244.18 there2244.74 are2245.06 two2245.38 other2245.7 developments2246.5 that2247.14 occurred2247.54 during2247.94 the2248.26 same2248.42 time2248.66 period2248.9 that2249.14 we2249.3 were2249.46 doing2249.62 the2249.86 lottery2249.94 for2250.91 the2251.16 local2251.64 preference2252.52 one.2252.76 So2252.91 we2253.07 do2253.24 have2253.32 comparison.2254.11 But2254.99 so2255.24 we2255.39 can2255.47 talk2255.64 about2255.8 how2256.04 that2256.28 related2256.68 to2257.16 some2257.55 of2257.8 the2257.88 others2257.95 and,2258.2 obviously,2258.36 we'll2258.68 loop2258.84 in2259.07 1042259.64 main2259.8 on2259.95 that2260.11 once2260.28 we2260.43 get2260.59 the2260.84 data.2260.91 But2261.39 again,2261.95 it's2262.2 going2262.36 to2262.59 be2262.59 hard2262.76 even2263.89 with2264.29 the2265.01 1042265.89 Maine2266.05 data,2266.05 I2266.05 would2266.13 probably2266.29 feel2266.61 uncomfortable2266.77 making2267.73 extrapolation2268.13 beyond2268.85 what2269.09 we've2269.25 seen,2269.41 but2269.65 we2269.89 do2269.97 have2270.13 some2270.29 comparison2270.61 of2271.09 kind2271.17 of2271.57 at2271.73 least2271.89 what2272.13 the2272.29 impacts2272.45 of2272.85 local2273.01 preference2273.33 have2273.73 been2273.97 when2275.09 we2275.33 have2275.41 kind2275.73 of2275.89 both2276.13 local2276.37 preference2276.69 and2277.09 non-local2277.49 preference.2277.79 They're2278.34 occurring2278.74 in2279.14 the2279.31 same2279.39 kind2279.55 of2279.63 5-year2279.95 period.2280.18 2281.22 WEINROBE2281.22 -2281.22 I2282.83 have2283.07 heard2283.55 at2284.03 the2284.18 state2284.34 level,2284.66 they2285.07 have2285.31 gotten2285.55 much2286.03 more2286.27 strict2287.07 about2287.47 allowing2288.03 communities2288.66 to2289.39 utilize2290.45 the2290.77 maximum2291.01 local2291.73 preference,2291.97 which2292.37 is2292.61 70%.2292.69 So,2293.41 pushing2293.65 back2294.05 on2294.61 that2294.77 depending2295.01 on2295.97 the2296.13 data.2296.29 It's2297.33 also2297.57 very2297.89 data2298.13 dependent2298.53 based2299.01 on2299.33 what2299.41 is2299.65 submitted2299.81 to2300.29 the2300.37 city.2300.45 For2300.93 the2301.17 municipality,2301.41 they2302.05 have2302.13 to2302.37 submit2302.61 a2302.93 justification2303.09 for2304.21 them2304.37 to2306.26 allow2306.51 for2306.74 the2306.82 max2306.98 local2307.3 preference.2307.55 2309.51 COOK2309.51 -2309.51 So,2311.46 the2311.78 local2311.94 preference2312.34 policies2312.82 was2313.22 adopted2313.55 five2314.66 years2314.9 ago2315.07 when2315.3 this2315.55 is2315.78 adopted2315.86 by2316.34 the2316.59 partnership?2316.98 2319.12 DOWNIE2319.12 -2319.12 I2319.12 believe2319.2 it2319.52 was2320.96 adopted2321.12 in2321.44 2021.2321.84 2323.92 COOK2323.92 -2323.92 I2323.92 was2324.08 doing2324.24 research.2324.56 It2324.88 looks2324.96 like2325.2 our2325.36 first2325.6 meeting2325.76 with2326 trust2326.16 is2326.48 in2326.64 22.2332.95 2334.83 WEINROBE2334.83 -2334.83 Yes,2334.83 we2334.83 never2336.95 voted2339.74 on2339.74 that.2339.74 2339.74 COOK2339.74 -2339.74 Alright.2339.74 Other2339.74 business.2340.07 One2341.03 item2341.26 that's2341.66 worth2341.82 mentioning2342.07 is2342.7 tomorrow2343.11 afternoon2343.74 and2344.3 evening,2344.47 I2344.86 think2344.95 it's2345.18 3:002345.63 to2345.71 8:00,2346.03 there2347.55 is2347.55 the2347.63 Square2348.35 open2348.99 house2349.31 redevelopment2350.35 open2351.31 house2351.55 that2352.43 is2352.67 happening2352.83 at2353.47 Mount2353.71 Leon2354.11 Street,2354.59 which2354.99 is2355.15 the2355.31 domain2355.47 the2356.51 square2356.67 that2356.99 says2357.15 Stuart2358.26 I2358.91 don't2359.07 think2359.14 they've2359.39 been2359.55 there2359.63 for2359.86 a2359.95 long2360.03 time.2360.26 2360.51 PROAKIS2360.51 -2360.51 They2360.51 haven't2360.66 been2360.98 there2361.14 for2361.3 at2361.47 least2361.55 a2361.78 short2361.86 time2363.22 since2363.55 they2363.55 haven't2363.7 been2363.86 anywhere.2364.03

2364.43 But2364.43 Yeah.2364.66 Yeah.2364.91 I'm2364.98 like,2365.14 exactly.2365.47 I'm2365.95 not2366.03 sure2366.18 if2366.34

2366.43 SPEAKER12366.43 -2366.43 they2366.43 were2366.59 there2366.74 before.2366.91 They2367.78 they2368.03 would2368.18 probably2368.34 have2368.66 any2368.82

2369.22 SPEAKER52369.22 -2369.22 smaller2369.22 and2369.78 smaller2369.95 presence2370.34 square.2371.07 Yeah.2371.78 Disappeared.2372.2 Yeah.2372.98 But2373.46 I2373.58 don't2373.7 think2373.86 it's2374.02 mostly2374.18 empty.2374.58

2374.98 SPEAKER12374.98 -2374.98 Yeah.2374.98 It2375.22 bounced2375.3 out.2375.62 And2376.1 then2376.26 I2376.34 think2376.5 the2376.66 that2376.9 building2377.22 we2377.54 do2377.62 it2377.86 from2377.94 sort2378.34 of2378.58 rear,2378.74 but2379.3

2379.62 SPEAKER52379.62 -2379.62 some2379.62 I2380.02 believe2380.1 so.2380.66 Yes.2380.98 My2381.46 understanding2381.7 is2382.1 their2382.34 surface2382.58 parking2382.98 is2383.3 available2383.46 for2383.94 people2384.1 who2384.42 wanna2384.5 park2384.74 there.2384.98 Their2385.22 parking2385.49 garage2385.89 is2386.13 not2386.28 that2386.61 is2386.93 safe2387.32 for2387.64 their2387.89 tenants,2388.05 but2388.45 the2388.68 service2388.77 parking2389.09 will2390.05 be2390.13 available2390.28 for2390.77 people2390.84 who2391.09 want2391.16 to2391.41 park2391.41 there.2391.64

2392.05 SPEAKER12392.05 -2392.05 That2392.05 that2392.28 was2392.45 supposed2392.68 to2393.01 get2393.09 into2393.16 the2393.41 most2393.49 tons2393.8 of2394.05 the2394.13 day.2394.28 Yes.2394.61

2395.01 SPEAKER52395.01 -2395.01 It2395.01 is.2395.24 Actually,2395.49 I2395.89 think2396.05 in2396.28 the2396.45 garages2396.53

2397.16 SPEAKER12397.16 -2397.16 too,2397.16 but2397.41 that's2397.64 That's2398.13 I2398.45 was2398.61 wondering.2398.84 That's2399.71 we2399.95 have.2400.51 Yes.2400.75 I2400.99 think2401.07 I'm2401.23

2401.31 SPEAKER52401.31 -2401.31 the2401.31 house2401.39 that2401.63 opened2401.79 by2402.03 holding2402.11 up2402.35 with2402.51 tenants.2402.75

2403.15 SPEAKER12403.15 -2403.15 Yes.2403.15 But2403.39 yeah.2403.63

2405.07 SPEAKER32405.07 -2405.07 Yes.2405.07

2406.35 DOWNIE2406.35 -2406.35 And2406.35 if2406.59 I2406.67 can2406.83 just2406.99 add2407.55 to2407.71 that,2407.87 I2408.75 can2408.91 confirm,2409.31 well,2409.71 I2409.79 can't2409.87 say2410.11 where2410.35 the2410.59 door2410.67 is2410.99 for2411.07 most2411.31 days,2411.55 but2411.95 for2411.95 the2412.27 open2412.43 house,2412.99 the2413.15 door2413.15 will2413.39 be2413.63 the2414.11 one2414.19 from2414.43 the2414.67 parking2414.75 structure.2417.51 If2417.74 you2417.74 try2417.91 to2418.07 go2418.14 in2418.3 through2418.47 the2418.7 door2419.18 that2419.43 faces2419.59 the2419.98 third2420.07 wheel,2421.34 I2421.51 believe2421.66 it2421.82 will2421.91 be2422.07 locked,2422.14 and2422.39 it2422.47 will2422.55 be2422.78 assigned2422.86 politely2423.11 telling2423.43 you2423.74 to2423.82 go2423.91 around2424.07 the2424.3 side.2424.47 2426.86 PROAKIS2426.86 -2426.86 That2426.86 said,2427.26 please,2427.91 the2428.85 goal2429.09 is2429.25 stop2429.73 by,2430.05 talk2430.45 to2430.69 the2430.85 consultant2431.01 team,2431.41 talk2431.81 to2432.05 the2432.21 city2432.37 staff.2432.69 There'll2433.33 be2433.57 opportunities2433.73 to2434.53 provide2434.61 feedback.2435.09 We've2435.73 already2436.05 collected2436.29 some2436.69 feedback2436.93 through2437.33 surveys.2437.57 We're2438.29 processing,2438.61 collecting2439.25 all2439.65 this2439.81 information2439.97 to2440.53 figure2440.69 out2440.93 what2441.09 next2441.25 and2441.49 what2441.65 to2441.89 share2441.97 with2442.21 the2442.37 city2442.37 council.2442.69 There's2446.01 two2446.24 pieces2446.24 of2446.57 this2446.64 3-part2447.13 project2447.36 still2447.84 going2448.09 on.2448.32 The2448.64 zoning2449.05 is2449.36 done.2449.61 The2451.2 demonstration2451.45 project2452.01 plan2452.48 and2452.72 the2452.89 whole2452.97 urban2453.2 revitalization2453.53 concept2454.24 is2454.72 kind2454.89 of2455.05 the2455.2 biggest2455.36 piece2455.76 of2456.01 what2456.16 we're2456.24 collecting2456.48 feedback2456.97 on2457.36 right2457.53 now.2457.76 The2458.63 intersection,2458.71 we2459.27 really2459.51 just2459.83 signed2460.07 on2460.31 with2460.55 the2460.63 designers,2460.79 and2461.27 they're2461.43 learning2462.15 the2462.55 conceptual2462.71 plan2463.35 and2463.59 starting2463.83 to2464.23 begin2464.31 the2464.63 process2464.79 of2465.27 doing2466.23 the2466.47 next2466.63 phase2466.87 of2467.19 design2467.35 on2467.59 intersection2467.91 work.2468.39 There'll2468.63 be2468.87 more2469.03 meetings2469.19 on2469.59 that.2469.75 They2469.91 will2470.15 be2470.39 there2470.47 tomorrow2470.71 night2471.11 to2471.35 answer2471.51 questions2471.75 and2472.15 provide2473.07 some2473.39 thoughts2473.8 on2474.11 what2474.43 they're2474.59 doing,2474.91 which2475.24 is2475.47 essentially2475.64 trying2476.04 to2476.28 implement2476.36 the2476.76 vision2476.84 for2477.16 the2477.39 intersection2477.55 of2478.2 the2478.28 streets2478.36 that2478.76 we2478.99 came2479.39 up2479.64 with2479.8 in2479.95 the2480.11 Watertown2481.32 Square2481.8 area2482.2 plan.2482.43 But2483.32 the2483.55 bigger2483.64 question2483.95 is,2484.52 you2484.84 know,2484.99 we're2485.24 potentially2485.47 presenting2486.04 the2486.52 council2486.68 with2487.16 this2487.32 do2488.07 or2488.39 do2488.47 not2488.71 do2488.95 idea2489.27 on2489.83 the2489.99 first2490.07 phase2490.39 of2490.63 the2490.71 urban2490.87 revitalization2491.19 plan2491.83 that2492.23 includes2492.31 the2492.79 open2493.03 space,2493.35 the2493.75 housing2494.55 of2495.03 the2495.11 garage.2495.27 It's2496.15 like2496.39 kind2497.19 of2497.43 testing2497.91 public2498.39 feedback2498.87 on2499.43 that,2499.59 finding2500.07 whether2500.89 or2501.05 not2501.14 that's2501.3 an2501.45 idea2501.69 we2502.01 want2502.18 to2502.49 go2502.49 full2502.66 with2502.89 it.2503.05 So,2503.21 that's2504.97 kind2505.3 of2505.78 where2506.01 we2506.26 are.2506.41 You2508.01 know,2508.18 got2508.34 quite2508.57 a2508.73 bit2508.82 of2508.97 feedback2509.05 before2509.53 this2509.86 point,2510.09 but2510.97 looking2511.38 forward2511.61 to2511.93 having2512.01 a2512.34 broader-based2512.89 opportunity2513.14 to2513.61 come2514.09 in,2514.34 hear,2514.92 see,2515.24 get2515.72 questions2515.96 answered,2516.44 and2516.76 decide2517.24 where2517.56 to2517.72 go2517.8 from2519 there.2520.92 2520.92 COOK2520.92 -2520.92 Okay.2520.92 Is2520.92 there2521.16 anything2521.32 else2521.64 under2521.88 other2522.2 business?2522.44 Okay.2525.96 Then2526.68 we2526.92 do2527.24 not2527.32 need2527.56 an2527.72 executive2527.88 session,2528.92 right?2529.48 2529.48 DOWNIE2529.48 -2529.48 No.2529.48 2530.89 COOK2531.05 -2531.05 So,2531.05 that2531.05 being2531.21 the2531.45 case,2531.53 we2531.86 can2532.09 have2532.66 a2532.82 vote2532.97 to2533.14 adjourn.2533.21 2533.69 HYDE2533.69 -2533.69 Second.2533.86 2534.09 COOK2534.09 -2534.09 Alright.2535.86 All2542.66 in2551.25 favor?2551.25 Aye,2551.25 any2551.25 opposed?2551.25 The2551.25 ayes2551.25 have2551.25 it.2551.25