2026-09-23 - Brownfield Redevelopment Authority
Summary
Built from the City's posted agenda and YouTube auto-generated captions. A minutes link is posted and was not read. Names and figures are as captioned and may be misspelled; all votes were voice votes with no recorded counts.
- Two directors were excused. Two members disclosed conflicts (one whose employer is named on the reimbursement list, one whose client is seeking reimbursement); no public comment.
- Minutes of the August 26 meeting approved.
- Interlocal agreement with the DDA for 443 Sheldon Ave SE approved. The DDA passes through 75% of captured tax increment, matching the approved brownfield plan; the project already holds a conditional state approval letter. Staff said future developer and reimbursement agreements will build in the interlocal terms so separate board actions are no longer needed.
- Interlocal agreement with the DDA for 125 Ottawa Ave NW approved, at a 90% pass-through matching the brownfield plan and the DDA's approval. See 125 Ottawa Ave NW.
- FY27 preliminary reimbursements: final tax data (taxable values and millage rates) was not yet available, so instead of approving estimated amounts the board approved reimbursement payments to be made after the City Treasurer's finalized tax data arrives, with the board treasurer, chair and executive director authorized to implement them under the existing agreements. The treasurer asked how the estimates were derived and noted the board has not seen recent financial statements.
- LBRF grant of $30,000 for a single-family home at 1125 Alpine Ave NW approved. A west-side nonprofit housing organization is building it on a Land Bank lot for an estimated $178,000 sale to a household at or below 80% of area median income, with a five-year deed restriction. Members asked staff to include line-item project costs in future requests.
- LBRF grant of $20,000 for a single-family home with an attached accessory unit at 720 Crosby approved. The sale is capped at $395,000 (the developer expects about $360,000 against about $385,000 in costs) and no income band applies; the grant offsets unforeseen soil-removal costs. Members questioned what would trigger the grant and how compliance would be checked, and staff said flexibility was needed given cost changes.
- September environmental site assessment report approved: a $3,000 Phase I assessment for 217 Fox St SW, where a team is studying at least 11 housing units. With it, about a third of the year's allowable program funding is earmarked, about a quarter of the way through the fiscal year.
- Other business: new staff for approvals and intake start in October; an outside firm is doing initial plan reviews within the board's $15,000 service authority; the office is working with Community Development on compliance monitoring for housing projects; the emerging developer grant program awaits a December decision by the affordable housing fund board on funding five unfunded applications, and the subcommittee may add members; a proposal to pair a $1 million state appropriation with $425,000 in FY25 equity funds for an economic development corporation revolving loan fund is being developed.
- See Brownfield Projects and Reimbursements.
Agenda
- Interlocal agreements with the DDA for 443 Sheldon Ave SE and 125 Ottawa Ave NW
- FY27 preliminary reimbursements
- LBRF grants for 1125 Alpine Ave NW and 720 Crosby
Sources
- Agenda: https://grandrapidscitymi.iqm2.com/Citizens/Detail_Meeting.aspx?ID=7921
- Meeting page: https://grandrapidscitymi.iqm2.com/Citizens/Detail_Meeting.aspx?ID=7921
- Video (City of Grand Rapids YouTube channel): https://www.youtube.com/watch?v=fxMFKUgddpk
Video
Transcript
*These are auto-generated captions; names and numbers may be misheard.
Transcript
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07:20>> and I call this meeting to order.
07:23Uh we do have uh a handful of excused
07:26absences this morning. Uh, Director
07:28Dillard, Director Rabo, I believe that's
07:31it. Uh, do I have a motion?
07:34>> So, move
07:35>> support.
07:36>> All those in favor say I.
07:37>> I.
07:38>> Opposed?
07:39>> Motion carries.
07:42Our next item is public comment on
07:44agenda items.
07:50Okay. Hearing none. Uh, moving on to any
07:53conflicts of interest. Yeah, I just have
07:56one to at least report or ask about. Um,
08:00the organization I work for is one of
08:02the named parties on the reimbursement
08:04list that is up for discussion. Um, we
08:08are not set to receive any additional
08:10funds by that decision, but putting it
08:13out there that yeah, my employer is
08:16named. Okay.
08:22>> I would be happy to. Thank you.
08:25A client of mine is um seeking
08:27reimbursement as well.
08:29>> Okay.
08:29>> So,
08:32>> anyone else?
08:35>> All right. Moving on to approval of our
08:38minutes from our August 26, 2026
08:41meeting. Do I have a motion?
08:45>> Any questions or discussion?
08:49All those in favor say I.
08:51>> I.
08:51>> Opposed?
08:53Motion carries.
08:56Moving on to our action items. Uh the
08:58first is a resolution approving and
09:00authorizing the execution of an
09:02interlocal agreement between the city of
09:04Grand Rapids Brownfield Redevelopment
09:06Authority and the City of Grand Rapids
09:08Downtown Development Authority for the
09:11443 Sheldon Avenue Southeast
09:13redevelopment project. Do I have a
09:15motion?
09:16>> So moved.
09:17>> Support.
09:19>> Audrey. Good morning.
09:20>> Good morning everyone. This is a project
09:22you've seen before a few times. This is
09:24the 443 Sheldon redevelopment project
09:27which is not only a landbank lot but
09:29also an emerging developer project who
09:32um has already moved its way through
09:34almost all of the local approvals. This
09:36is the only kind of outstanding matter
09:38to attend to um which is again
09:41authorizing the interlocal agreement
09:43between the bar and the DDA uh to
09:45account for I believe 75% of pass
09:48through uh in alignment with the
09:50brownfield plan that was approved by
09:53this body and city commission and which
09:55has already been approved by the DDA. So
09:58um luckily this this kind of outstanding
10:00action item has not affected its state
10:02approval process. This project already
10:04has a conditional approval letter from
10:06MISTA on file. Um, this is just one more
10:09item to to clean up before and as we set
10:11it up uh for capture and reimbursement
10:14uh uh upon completion of construction.
10:16So with that, I will take questions.
10:20Just one more comment. Audrey, thank you
10:22for the overview. I just want to make um
10:23call some attention to we're doing it a
10:25little bit different on a going forward
10:26basis. And I mentioned this to the chair
10:28uh that we folded uh this item into our
10:31future uh developer and reimbursement
10:33agreements to allow for interlocal
10:35agreements to happen instead of having a
10:36separate board action. So I think
10:39hopefully this will be the last couple
10:40that we see. Um and if not we're we're
10:42trying to make it more efficient. And
10:44then also uh Doug from our office got to
10:48celebrate in the groundbreaking a couple
10:49of Saturdays ago. So thank you for
10:51representing us Doug. It was great
10:53pictures.
10:55>> Thank you. Any
10:57uh other discussion or questions on
10:59that?
11:03Okay. Hearing none, we have a motion on
11:05the table. All those in favor say I.
11:07>> I.
11:08>> Opposed.
11:10Motion carries.
11:12Our next item is a resolution approving
11:14and authorizing the execution of an
11:16interlocal agreement between the city of
11:18Grand Rapids Brownfield Redevelopment
11:20Authority and the City of Grand Rapids
11:22downtown Development Authority for the
11:24125 Ottawa redevelopment project. Do I
11:28have a motion
11:30support
11:33>> similar format of the request here for
11:35125 Ottawa? Again, this project has also
11:38already moved through all other local
11:40approvals and received its conditional
11:42um approval letter from MISTA. The
11:44interlocal percentage being requested
11:46here is 90% in alignment with the
11:48brownfield plan and also in alignment
11:50with what the DDA has already uh
11:51approved for this project. So, um other
11:54than that, I'll just take additional
11:55questions on this project.
12:00>> Any other questions or discussion?
12:05Okay, hearing none. All those in favor
12:08say I. I.
12:09>> I.
12:09>> Opposed.
12:11Motion carries.
12:13>> Okay.
12:15Our next item is approval of uh fiscal
12:18year 27 preliminary reimbursements.
12:22I will not be calling for a motion on
12:24this item. Um I I do want to just take a
12:28moment and
12:29um kind of set the stage for uh what
12:33direction we're heading with this. Uh
12:35the reality is that you know typically
12:37about this time of year uh we have the
12:40finalized values for dispersement of
12:43payments based on the development and
12:44reimbursement agreements that we've
12:46executed with our uh developer partners.
12:49Um the reality is that that we're behind
12:52and uh it sounds like we need a few more
12:55weeks uh to get to where we can finalize
12:58these numbers. Um our goal as an
13:01authority is to expedite and accurately
13:04make sure that these numbers reflect uh
13:07the values that will ultimately be
13:08dispersed to our uh developer partners.
13:11Uh and to that end, we want to support
13:13the city's effort uh to continue to work
13:16effectively and efficiently uh toward uh
13:19finalizing those values. So, um we do
13:23have an alternative to uh approving
13:25these preliminary rese.
13:39>> Sure. So, good morning everybody.
13:54Hello. Can you hear me? Is this is this
13:56thing on? Okay. [laughter]
13:58Um, as the chair pointed out, um,
14:00historically about this time of year,
14:02you get, um, a master spreadsheet
14:05showing all of the reimbursement amounts
14:07actually calculated based on, um, and
14:11following receipt of the city treasures
14:14finalized tax data that applies, the
14:16millages, um, the finalized taxable
14:19values and millage rates, etc. Um, so
14:22you're approving actual numbers at that
14:24point. today. Um this year we don't have
14:29those quite yet. And so rather than
14:32having you approve some numbers that are
14:34based on um appreciation or something
14:38like that, um you can approve these
14:41reimbursement payments to be made
14:43following receipt of and based upon
14:45those finalized numbers when they come
14:46in, which should be very soon is my
14:48understanding. Um, and so, uh, we have
14:52an alternative motion drafted that
14:54allows you to again approve those
14:56reimbursement payments to be made
14:59following receipt of that finalized tax
15:01data. Um, and then you're essentially
15:05delegating that implementation to your
15:07Brownfield board treasurer in
15:09conjunction with the board chair and
15:11executive director. And this way the
15:13payments go out. you're not holding
15:15anything up for developers, but you're
15:17you're also making sure that it's it's
15:19based on um and consistent with that
15:22that finalized tax data. So, it's a
15:24little bit more accurate. And also, of
15:26course, we you review and approve the
15:30terms of reimbursement every time you
15:32approve a development and reimbursement
15:34agreement. Right? So, this this process
15:36is very transparent and clean, but this
15:39year, um, we're just suggesting that you
15:42do it a little bit differently to wait
15:43for those finalized tax numbers to come
15:45in.
15:47And you do this, it's it's not that
15:49unusual for you to do this kind of thing
15:51because sometimes you approve the terms
15:54of an agreement without actually seeing
15:56the agreement and that is perfectly
15:58legal. So,
16:00>> any questions about this this approach?
16:03>> Yeah, Mr. treasurer.
16:06>> Thank you, Jessica. My uh
16:09interest, it it doesn't rise to the
16:11level of concern, but my interest as the
16:13the treasurer really had to do with uh
16:16in reading the packet last week, you
16:18know, how we came to the to the
16:20calculations, right, of of the estimate
16:23and what was the precedent, what was it,
16:25you know, based upon. Um so I um am
16:30happy to hear that there's a there's a
16:32plan to uh you know foot this to the
16:35actual numbers and u you know on on the
16:39other on the other hand uh I had a a
16:42passing thought while also reading the
16:44packet about uh you know not having seen
16:47financial statements for uh a period of
16:50time uh and certainly
16:54irrespective of you know issuing the
16:56payments
16:57on actual numbers or estimates won't
17:00affect uh this body's financial
17:02condition materially but I just you know
17:05having an estimate in this hand on this
17:07topic and you know having going from
17:10memory about where sort of where we are
17:12financially um you know just gave me a
17:15little bit of pause that um that you
17:17know that I shared with with the chair
17:19and so I appreciate uh the work that's
17:22been done here in the last you know uh
17:25since the packet went out in in this
17:27moment uh to come up with a workable
17:29solution. So, thank you.
17:33>> Thank you, Mr. Treasure. Any other
17:36questions or discussion?
17:40>> I just want to uh chair I just want to
17:42call some attention to the work to get
17:44us to today. I think there were a lot of
17:46creative solutions being proposed to try
17:48to maintain customer expectations around
17:50your dispersement. And um while there
17:53was methodology behind those numbers,
17:55they they were estimates of course um
17:57that would allow some of the work to
17:59advance. So I think that we're I I think
18:01there's a lot of ways to get to an end
18:02here. And I um obviously we want to be
18:06as transparent as possible about the
18:07process. Um but we're also trying to
18:10maintain um expectations for our
18:12development community. So, I appreciate
18:15the the dialogue this morning.
18:18And also just the staff's work to get us
18:20here today to today.
18:25>> Okay. Thank you. I think we're good,
18:27Jessica. Thank you.
18:28>> Okay. I just want to apologize for the
18:30length of the motion.
18:31>> It's okay [laughter] to settle in
18:33everybody. Thank you. [clears throat]
18:34>> All right.
18:38Okay. So, uh, hearing no further
18:40discussion,
18:41um, I'm going to read our proposed, um,
18:44resolution.
18:46Uh it is to approve the fiscal year 2027
18:50Brownfield Authority tax increment
18:52reimbursement payments to be made
18:54following receipt of and based upon the
18:57city treasurer's finalized tax data
19:00applying finalized taxable values and
19:03millage rates to calculate tax increment
19:05revenue for each brownfield project as
19:08well as actual tax collections, state
19:11education tax withholding amounts and
19:14other project specific adjustments.
19:15ments. All needed to calculate the
19:18fiscal year 2027 tax increment revenue.
19:22Quotes the data and to authorize the
19:25authority board treasurer in conjunction
19:28with the authority board chair and
19:30executive director to implement this
19:33authority board approval and such
19:35payments in accordance with the data and
19:38the terms and conditions of existing
19:40board approved development and
19:42reimbursement agreements.
19:45Do I have a motion?
19:48>> So moved.
19:51>> All those in favor say I.
19:53>> I.
19:53>> I.
19:54>> Opposed.
19:56>> Motion carries. Thanks everyone.
20:14Thank you.
20:25Okay. Our next action item is a
20:27resolution approving and authorizing the
20:29execution of a local brownfield
20:32revolving fund grant agreement for a
20:34project to be located at 1125 Alpine
20:37Avenue Northwest. Do I have a motion?
20:45>> Audrey,
20:46>> good morning. It is my um joy and
20:48pleasure to bring you something new for
20:50this agenda item uh which is an LBRF
20:54grant request supporting a single family
20:56home development that is uh being
20:58proposed by Westtown Jubilee in
21:00accordance with its purchase agreement
21:02and it's having been awarded this
21:04property from the Grand Rapids Land
21:06Bank. Uh this is um a lot that they will
21:09create a single family home
21:10redevelopment on and it is a
21:11collaborative project. This organization
21:13has um tackled 50 or so other
21:16developments of this nature um with
21:18being supported with inind contributions
21:20of materials and labor in addition to
21:22funds being spent on construction. So
21:25ideal well not ideally they are always
21:27target um and will target this home for
21:29sale at or below 80% AMI household. uh
21:33given that they already have a buyer in
21:35mind, they have a specific price that
21:37they have landed on, which is estimated
21:38sale price of $178,000.
21:42And when we compare that to the uh cost
21:44to build factoring factoring in those
21:46inind contributions of materials and
21:48labor, they're looking at um a gap of
21:50$30,000 in order to be able to price and
21:53sell this home to an incomequalified
21:56household. So given that the LBRF's
21:59funding priority has been uh home
22:01ownership for special projects, we are
22:04presenting to you a $30,000 grant
22:06request to support this single family
22:08home development um and offset that that
22:10gap of development. So the eligible
22:13activity is considered a housing
22:15activity and development loss under act
22:17381. And so that is the um the
22:20qualifying criteria for this project. If
22:22you have questions about the project
22:24details, we do have uh the executive
22:26director here, Jeff, who can speak to it
22:28um if you have additional questions or
22:30want to hear from Westtown Jubilee.
22:33>> Thank you, Audrey. Any questions or
22:35discussions for the applicant?
22:40>> My my question is is for staff.
22:42[clears throat]
22:43Um, I presume that we have reviewed the
22:47project costs in in detail. Um, and that
22:50they're, you know, they're eligible and
22:52it it uh it's appropriate. Um, I'm I'm
22:56wondering if for future requests we can
22:59maybe include just a summary of the uh
23:02line item, you know, project costs.
23:06>> Uh, noted and happy to share that with
23:08you afterwards just for your own
23:09education and awareness. um that is
23:11something that staff reviewed ahead of
23:13time. Uh and that's kind of why we add
23:15the caveat of if this sounds like it's
23:16an inexpensive build, it's because they
23:18really do leverage their um their
23:20contributions of of materials and labor
23:22and kind of their network to produce
23:24their homes. That's their their model of
23:26affordability that they use. So, but it
23:28is a good question and we can include
23:29that in future requests.
23:32>> Mr. Chair, I'm I'm just curious about
23:34this project and I mean are there
23:36requirements for the purchaser to own
23:40the property for a certain amount of
23:41time or how how how do they handle you
23:45know future sales and and you know
23:48equity generated in the home?
23:50>> This this might be a tag team question
23:52between myself and Doug. I believe from
23:54the from the BRA's perspective in the
23:56grant agreement um it's tied to
23:58demonstrating uh the household income of
24:01the purchasing entity that says hey this
24:04is we already know the price um and we
24:06want to verify that the purchaser meets
24:08this AMI threshold. I think Doug pointed
24:11out an interesting um cav or fact about
24:14this property is this is a property that
24:16started at the state land bank and we
24:18are kind of inheriting their purchase
24:20agreement so to speak. So it may lack
24:22some provisions that say the following
24:24agenda item includes um in terms of
24:26teeth. But I'll leave uh the technical
24:29questions if you have
24:31additional um additional questions
24:33there. I am going to punt to our land
24:35land bank expert beside me.
24:41>> Okay. So yes 1125 was actually the land
24:44bank's first sale. Um and it did it came
24:46over from the state land bank. Uh so
24:48they were, you know, essentially baking
24:51it there. Uh and then we received it
24:54February 1st, 2025. Um I believe
24:59>> I think there's a deed restriction.
25:00There is. So yeah, so it's a 5-year deed
25:03restriction. Um with the land bank, we
25:05receive 50% of the property taxes for
25:08the first 5 years post sale. Um so
25:10that's the length of our deed
25:11restrictions. And so yes, there is a
25:12deed restriction for 80% AMI sales u for
25:16the first 5 years.
25:19Thank you.
25:20>> Does uh Doug so at the end of that five
25:23years is there some incremental increase
25:26to get you know to a higher ami or is it
25:29just whatever the market value is or I
25:31guess how's that work
25:32>> at that point the deed restrictions
25:34removed um you know they really have the
25:37leverage to do what they want at that
25:39time um just cuz that's really the
25:42length that the of a restriction that I
25:44believe the land bank can Okay. Thank
25:47you.
25:50>> My comment is also just for staff.
25:52Excited to see this definition of the
25:54LBRRF priorities um implemented in this
25:57way um celebrating affordable home
26:01ownership, attainable home ownership for
26:02our neighbors at or below 80%. So, um I
26:06know home ownership has always been a
26:08priority. I'm excited to see you combine
26:10it with quote unquote special projects
26:12and excited to see the definition of
26:14that being used as land bank uh property
26:17sales for that home ownership piece. So
26:21um just a creative way to approach the
26:23use of LBRF grant funds and excited to
26:26support it.
26:29>> Great.
26:31>> Okay. Any other questions or discussions
26:34on this?
26:36Oh, sure. Um, would you like to maybe
26:38share a little bit of background?
26:40>> Oh, me? Yeah.
26:40>> Yeah.
26:41>> Great.
26:49>> Good morning.
26:50>> Good morning.
26:50>> My name is Jeff Ravelt. I'm executive
26:52director at Westtown Jubilee Housing.
26:54Um, a little bit of background about
26:56Westtown is we were founded about 1992.
27:00um primarily on the west side of Grand
27:02Rapids to help combat very neglected
27:05rental properties and uh vacant homes
27:09and and different things. Um and as part
27:11of that has been our home ownership
27:13program that we've been doing. Um we
27:17average probably like one home a year.
27:18We're a pretty small organization.
27:21Um
27:23uh a lot of it is volunteer help. Uh
27:26lately it's been me like I'm basically
27:28building this house uh framing it in
27:31right now.
27:32Um we're excited about the homeowner
27:35that we've selected. Uh she's a single
27:37mom that uh fits at the 65% AMI.
27:42Um so this, you know, the price even at
27:45178 is very challenging for her to to
27:48make it, but she can make it. Um, so
27:51yeah, this would be huge for her to be
27:52able to get this for for that for her.
27:55So,
27:57does anybody have any questions
27:59specifically?
28:01>> Okay.
28:02>> Thanks. Appreciate it.
28:04>> Thank you.
28:08>> Okay. Uh, we have a motion on the table.
28:11All those in favor say I.
28:12>> I. I.
28:13>> Opposed.
28:14>> Motion carries.
28:16>> Thank you.
28:18>> You're welcome. Good luck. Uh the next
28:20item is a resolution approving and
28:23authorizing the execution of a local
28:25brownfield revolving fund grant
28:26agreement for a project to be located at
28:29720 Crosby. Do I have a motion?
28:32>> So moved.
28:35Done.
28:35>> All right. Good morning board. Me again.
28:37Um so uh we have another Land Bank
28:40property uh 720 Crosby Northwest. Um I
28:44believe this is our last buildable lot
28:46on the west side for now.
28:49Don't quote me on that. Um, but David
28:53Built uh is the developer here and he is
28:57developing a single family home with an
29:00attached ADU. Um, this was a vacant lot.
29:03Uh and because of um it being a land
29:07bank lot, there were some unforeseen um
29:12development challenges uh within this
29:14when they were doing some of the soil
29:16removal and um things such as that which
29:20is why uh we are bringing this up. you
29:22know, within this one, it is going to be
29:26three twotory, threebedroom, one and a
29:28half bath. Um, plus the studio ADU. Um,
29:35with this, we are not necessarily
29:37attaching an AMI band to this sale. Um,
29:41the deed has not been transferred yet,
29:43but we are going to restrict the sale up
29:46to $395,000.
29:48Um the estimated or the development
29:52costs have been around $385,000
29:55and he is anticipating selling it for
29:57$360,000.
29:59Um we're requesting a $20,000 LBRF grant
30:02uh to really help with some of those
30:05unforeseen development
30:07uh activities. Um, additionally, you
30:10know, within Act 381, uh, being a
30:13landbank lot, but also a home ownership
30:16property, uh, is really where we are,
30:19um, coming from. Uh, so, you know, David
30:24is here, so I can invite him up to share
30:27a little bit more about the project. I'm
30:28excited to see this one come to life. uh
30:31you know, we're also seeing this as a
30:33potential uh income generating
30:35opportunity for the owner uh with that
30:38attached ADU and creating that rental
30:40opportunity. So, um David, if you want
30:43to Doug,
30:44>> can I just ask before you finish then?
30:46So, uh there's about a $5,000 gap
30:49between um cost and sale price, $20,000
30:54grant, I guess. how how uh how's the
30:575,000, you know, being sourced or
31:00>> So, within this, it's personal equity.
31:03Um he also has a construction loan. Um
31:06so, you know, within this, this is uh
31:10still what we're able to do to allow it
31:12to still be able to sell at that 360.
31:16>> So, so they're not taking a loss?
31:18>> No, I don't.
31:19>> Okay.
31:22>> Okay. [laughter]
31:23It's like,
31:24>> yeah, feel free.
31:30>> Good morning, everybody.
31:31>> Good morning.
31:31>> My name is David Bolt. Um, I've known
31:34some of you, I believe, from my work
31:35over at Nextup West Michigan. I used to
31:37be the executive director there. So, we
31:38did uh Hope Village, which I'm sure
31:40you're aware of, and then some single
31:41family homes. So got to know Doug and
31:44the staff through that land bank process
31:46where we purchased a number of land bank
31:48lots where we did single family homes
31:50and then also the 16 unit uh hope
31:52village. Um, so for this project, one of
31:55the things when I was director and also
31:57on staff at NextStep, there's a huge
31:59need, we did workforce training, but
32:01there's also this need for housing.
32:03Obviously, we know it. And so creating
32:05housing where the twostory could be the
32:08primary residence for the homeowner and
32:11then having rental income anywhere from,
32:13$1,100, $1,200 for that ADU. Or they
32:16could swap. the owner could live in the
32:17ADU and rent that front portion out for
32:20maybe 2,000 2200 somewhere in that
32:22range. So it really it's like buying two
32:25houses instead of one. You're buying a
32:28$260,000ish
32:29dollar two-story residence and you're
32:31buying a $100,000 ADU is if you want to
32:34look at it that way. So that's that's
32:35why the build is a little bit more
32:37expensive. Uh that gap is me personally
32:39as a new um I got my Michigan
32:42residential builder's license recently
32:44and as the developer I think I wrote in
32:465% mo most times right as the GC most
32:51times those GC fees are anywhere from 10
32:52to 25%. I put five I'd be I'd be happy
32:55if I got five on this one. So there's a
32:58little bit less for me personally as a
33:00general contractor. Another thing on
33:01this project I want to point out is that
33:03we're going to utilize as much as
33:05possible the construction allies and
33:06action network. If you know them,
33:08minority womenowned micro business
33:11enterprises and uh so hopefully
33:14launching that. My son is here in the
33:15room as well and he's hoping to be a
33:16microenterprise. I'm trying to get him
33:18trained up in carpentry. So that's
33:20that's the goal. Thank you.
33:23>> Thank you.
33:26>> I just had one uh logistical question.
33:28And so we talked about how in the last
33:31deal the signal of the award or the
33:34signal of like the job completed to be
33:37reimbursed was the 80% AMI home buyer
33:41income verification. That isn't a part
33:44of this which um I think is the right
33:46decision for this type of home. Um, I
33:50think if someone wants to live
33:51intergenerationally, that could mean
33:53that their household could exceed 80%
33:57even though the reality is we might be
33:59serving two families at 80%. So, I I
34:02agree with that decision. Um, I will say
34:06your deed restriction referenced 395,
34:10but then your sales price, which is how
34:13you're justifying the grant amount, is
34:15360.
34:17What will be your trigger to be like,
34:18"Yep, you you did what you promised.
34:22Here's the grant."
34:26>> Um, I mean, with this one, the deed has
34:29not been transferred. So, we are going
34:31to attach that deed restriction. Um, you
34:34know, within this, I stay in contact
34:37with land banks through out build. Um,
34:40mainly for selfish reasons to pay
34:43attention and get pictures. But um yeah,
34:46I mean with this we don't necessarily
34:49have um the capacity per se for the
34:55compliance checking that I think you're
34:58asking about at this time.
35:00>> I think I'm curious. Can we make the
35:02deed restriction for the initial sale at
35:04360 justifying this application and then
35:08you can have an incremental increase
35:10over the 5year deed restriction time?
35:13I would so so if I may um I I I think
35:18another way another way to consider this
35:20is um you know there are some factors
35:23out there with inflation materials
35:25interest rates it's quite possible that
35:26today we're suggesting it's 360 but by
35:29the time this thing
35:31>> or even the the cost at 385 by the time
35:33this thing's built stabilized and
35:35occupied that cost could be much higher.
35:37So, I I would just offer that we
35:40maintain some flexibility wi-i, you
35:42know, with this current gap. Um, and and
35:46sure, I mean, I I think we should stay
35:48engaged to check on progress and and
35:50where you're ending up with these
35:51things, but that that would that would
35:53be my
35:53>> So, just more of like proof that a gap
35:56existed at the time of sale is what
35:58we're looking for. That makes sense.
36:00>> Okay.
36:01>> Okay. Any other questions or discussion?
36:07Okay. Uh, we have a motion on the table.
36:09All those in favor say I. I.
36:11>> I.
36:11>> Opposed. Motion carries.
36:15All right. Our last action item is an
36:17activity report uh for our brownfield
36:20authorities environmental site
36:22assessment program for September 2026.
36:25Do I have a motion?
36:26>> So move.
36:27>> Support.
36:29Audrey.
36:30>> Good morning. Once again, the final item
36:32for today is the ESA grant report for
36:34September. This month we have a single
36:36request to act act on which is a phase
36:38one environmental site assessment uh for
36:41a team that is uh assessing the
36:43feasibility of at least 11 units at 217
36:46Fox Street Southwest. Uh the cost in the
36:49request is $3,000 a tied tied to that
36:52phase one. Uh this um is eligible based
36:55on its potential to create housing units
36:57and the anticipated private investment
36:59that would occur if it is found
37:01feasible. So, if this is approved today,
37:04um the board will have earmarked
37:06approximately really close to a third of
37:08the total allowable program funding for
37:11the fiscal year. And that puts us about
37:13a quarter of the way through the fiscal
37:14year. So, we are pacing uh fairly well.
37:22>> Okay, thank you. Any questions on this
37:24one?
37:28>> Okay.
37:30All right. noted.
37:32Uh then all those in favor say I.
37:34>> I
37:35>> I
37:35>> opposed. Motion carries. Thank you,
37:38Audrey.
37:40>> All right, moving on to other business.
37:44>> I have some things chair.
37:47>> Um so I wanted to just update you guys
37:49on a few different things. First, I
37:51mentioned at the last meeting that we
37:53have posted some positions and um we
37:58made offers on those positions. So just
38:00as a reminder in the last year we added
38:02capacity um to the post approval part of
38:07the process right so to support uh
38:09Margaret's work um which is formerly
38:11Christian's work right so we've added a
38:13person there uh we made an offer on that
38:15position and expect that uh person to
38:18start in October and then similarly um
38:21to support the front end um and the work
38:24that Audrey's doing on intake we um
38:26posted a position there with Mackenzie's
38:29departure Sure. Right. Just making sure.
38:30Okay. Um and so we expect a we expect a
38:34position or a person to be starting in
38:35October for that position as well. And
38:38um just to say that we're um trying to
38:43again um think differently of how we're
38:46doing things in the office and um
38:49leverage expertise where we where we
38:51need to. Um, in the meantime, because of
38:53some of the gaps that we've had with
38:55just staff changes, we've done a couple
38:58of things that I just want to make sure
39:00the board is uh aware of um to make sure
39:04that we're advancing the work. And so,
39:06one of the things that we've been doing
39:07is we've been leveraging outside
39:08expertise to do initial plan reviews. So
39:11when we get brownfield plan reviews um
39:14in uh as part of intake to help
39:16streamline uh some of the work for the
39:18intake side and keep those customers um
39:21you know keep the responsiveness to the
39:23customers and uh projects moving. Uh
39:25we've been doing that. Um and then the
39:28other thing that we've been working for
39:29the last six plus months on um is
39:32working alongside our community
39:33development department um because this
39:36is the first year that we've anticip or
39:38we've had housing projects coming
39:40online. Right. So um from a compliance
39:43and monitoring perspective, we are we
39:45are not compliance and h housing
39:46monitoring uh staff members. And so
39:49we've been leveraging the expertise in
39:50the community development department uh
39:52to bring online
39:54uh um more specific knowledge around how
39:58we're going to be maintaining those
40:00projects going forward. So um feeling
40:02good about the the cadence there and
40:04happy to give as there's more finality
40:07with that um
40:09process an update more specifically to
40:12the board um of all the nooks and
40:15crannies there. Um and then separately
40:18of of staff um we've been uh we've been
40:24working um
40:27or we've been I shouldn't say excuse me
40:30I just need to just I sound like a frog.
40:33Yeah.
40:36Um,
40:38we've been having a lot of inquiries
40:40around our emerging developer grants or
40:42the the programming there. And I just
40:44want to remind the board that last week
40:47there was an affordable housing fund
40:48board workshop where I was invited to
40:51present an update on that um programming
40:54and ultimately uh asked for partnership
40:57from that board on some of their
40:59funding. um both to um help us fund the
41:05five applications that we were not able
41:07to fund at the time we closed the
41:08applications uh to consider future
41:11funding for projects to just say hey to
41:14the community this is an important part
41:15of the ecosystem and then also to
41:18provide a focus on technical assistance
41:21because I've been really reluctant to
41:22bring um activate that um back up
41:27obviously with revisions from the
41:30engagement of the subcommittee um
41:34without more uh folks around the table,
41:36right? More folks around the table and
41:38more money around the table. Um and so
41:40we expect the affordable housing fund to
41:43make a decision in December around those
41:45dollars. And I I think that it's uh
41:48probably good timing to to have a more
41:52regular cadence with the subcommittee.
41:54and we've had a few new members of the
41:55board. So, um possibly adding a couple
41:58of folks to that subcommittee um and
42:01talking more specifically about how and
42:03what the future really looks like for
42:04the emerging developer grant uh dollars.
42:07And then similarly, and we had a little
42:09bit of dialogue on this on the last uh
42:11board meeting, it was around the
42:12economic development corporation's
42:14revolving loan fund. Um and between the
42:18last board meeting and and today, um
42:22there's been a there's been advocacy to
42:26take the dollars that Representative
42:28Grant was successful at advocating for.
42:30So that million dollars from Lancing and
42:32couple that with the work that we were
42:34pursuing with the $425,000
42:38um from fiscal year 25 third word equity
42:40fund money. And so to pair those dollars
42:43instead of um looking at it more from a
42:46small business standpoint
42:48um with Rep. Grant's uh focus more um
42:52more holistically on real estate as
42:54well. And so I think that um activating
42:57the subcommittee and and just trying to
42:59finalize again how we can roll that best
43:03out. Um I think some of the foundation
43:05that we've already engaged on with
43:08regard to the memorandum understanding
43:10between the city and the economic
43:12development corporation still would
43:13maintain uh valuable um but we would
43:17want to polish the request for proposals
43:19that would ultimately go out to help us
43:22um possibly administer uh that RLF. Um
43:26so that is what I know. Um, and I'm
43:29happy to take questions or have more
43:32dialogue.
43:34Thanks.
43:37>> Thank you. I I just going back to your
43:39initial uh comment there. You mentioned
43:41uh outside expertise to do plan reviews.
43:44I guess who who is that? Um
43:47>> we've been using fishback.
43:48>> Fishbach.
43:51>> I I guess I wasn't aware that we had
43:52actually executed a contract with them.
43:56We um so I was uh working under the
43:59office of the authority that the board
44:01granted up to the 15,000 um is for
44:04service agreements, Jeff. Okay. Um
44:06>> and so um the the the
44:10previous request for proposals where we
44:13interviewed for underwriting um as
44:16separate um but engage them on plan
44:19reviews.
44:21>> Yeah.
44:21>> Okay. So they're doing all that within
44:24the 15K. Yeah.
44:26>> Reauthorization. Okay. Thank you.
44:30>> Any other questions? Uh responses to our
44:33director.
44:35>> Um is the subcommittee for the emerging
44:38developers is that an existing
44:41subcommittee or is that need to be do we
44:43need to make a motion to form it and
44:45then take volunteers?
44:46>> Yeah. No, the the subcommittee had been
44:48talking both about um the housing tiff
44:50guidelines uh and also the emerging
44:53developer work. Um, I think it last
44:55convened early summer. It was supposed
44:57to convene again in August, but there
44:59was a cancellation of that one. And so I
45:01think that there's opportunity to polish
45:03uh what that group looks like.
45:07[snorts]
45:09Thank you. Um, I appreciate the comments
45:12about the um the subcommittee and what
45:16work can be done. I think another thing
45:18on the horizon is we're 40 days away
45:22from the election and so I think there
45:23will be a lot of you know we've heard
45:25reports about changes at MEEDC there's
45:28obviously going to be you know a new
45:30governor a new senator and so just
45:32trying to understand what those entities
45:35priorities are and how do we fit into
45:37that um Miss Reneo and I talked
45:40yesterday just about you know as we look
45:42at trying to say okay you have emerging
45:44developers and we have the environmental
45:45assessment grant and then we have this
45:46other money from rep grant and we have
45:48this revolving fund. How do we continue
45:50to identify how do we braid this money
45:52and are there is there other money in
45:55other spaces for things like uh
45:57environmental assessments grants and
45:59then how do you make up more money over
46:01here? We've heard so much probably most
46:03commission meetings people are coming
46:04and asking about the emerging developer
46:06grants and and those projects. So just
46:09that continued focus on how do we uh
46:11make sure we're in front of whatever
46:13might be the priorities at the state
46:15level. be prepared for that and then um
46:18you know again just say these are not
46:21yes they are sole pots of money but how
46:23do we maximize their impact so thank you
46:27>> thank you that's good council appreciate
46:29that
46:31any other questions
46:34>> just one um
46:37and it was sparked by uh just the
46:39commissioner Sassy's comment about
46:41community members coming uh and asking
46:44about the emerging developer program.
46:45I'm sensitive to those uh developers in
46:48the so-called Q and whether they've been
46:52sort of uh touched along the way.
46:56>> Yes, thank you for the question. So, um
46:58we last touched base in June with those
47:00folks um wanting to ensure that there
47:04was still a project, there was still a
47:05request um and the scope was the same so
47:08that we could use those numbers to make
47:10an ask to the affordable housing fund
47:12board. Um, so, uh, we could we could
47:14probably, uh, round that, uh, gate again
47:17and and make sure that they know what's
47:19going on, um, with the more recent
47:20information that the board anticipates
47:22making a decision in December.
47:24>> Thank you.
47:24>> Yeah.
47:28>> All right. Good discussion.
47:30Uh, moving on to public comment.
47:38Okay. Hearing none, uh, the meeting's
47:40journ. Thank you so much.
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