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Home My WebLink AboutHousing Commission Board Minutes March 22 , 2023 k**Y�•: i f Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Minutes of March 22, 2023 Commissioner Henry called the meeting to order at 5:33 p.m. Mr. Fleming called the roll. PRESENT AT ROLL CALL: Commissioners Emma Henry, Don Sober, Ashlee Barker, Loria Hall, and Heather Taylor (arrived at 5:57 pm). STAFF: Kim Shirey Jennifer Burnette Douglas Fleming Steven Raiche Guests: None Commissioner Barker motioned and Commissioner Hall seconded a motion to approve the minutes of the February 22, 2022, commission meeting. The Motion was approved by all members present. Motion to accept the amended agenda adding two houses for sale. Commissioner Hall motioned and Commissioner Barker seconded a motion to approve the amended agenda adding two houses for sale. The Motion was approved by all members present. Public Comment: limit 3 minutes per person Action Items: • Unanimous Consent Resolution for the sale of 127 W. Northrup Street This is a de minimis house. An outreach organization called Love the City wants to buy this house. They want to house some of their people with their organization at market price. Commissioner Barker motioned and Commissioner Hall seconded to have this vote tabled until the next board meeting so they could have more information. The Motion was approved by all members present. • Unanimous Consent Resolution for the sale of 3021 Delta River Drive This is the next Habitat house. This house is a resident that already lives in this house. They were already going through the process with Habitat to purchase a home. They will TDD/TTY#: 1-800-545-1833 Ext.919 121 "Equal Housing Opportunity" Lansing Housing Commission Board Meeting April 26,2023 Lansing Housing Commission Minutes March 22,2023 Page 1 of 5 k**Y�•: i f Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 move while Habitat rehabs the house then move back in when done as homeowners. We will need a signed contract with Habitat for Humanity before the completion of the sale. The language of having reviewed the purchase agreement will be removed. Commissioner Henry motioned and Commissioner Hall seconded to approve. The Motion was approved by all members present. Informational Items: Finance Report February 2023 Steven Raiche • A little over a half a million from our capital fund operating subsidy was brought down to our LIPH program. It brings all our AMPS positive for the year. • The banking industry is failing. 99% of our funds are with JP Morgan Chase bank. We are a part of an agreement with JP Morgan that we are backed with a specific collateral since we are over the limit of the FDIC funds for insurance. • Some of the profits from the sale of section 18 properties will be reinvested at a 4% rate of return. Housing Choice Voucher February 2023 Jennifer Burnette provided a brief overview of the March 2023 HCV Reports • During the month of February, we have added 2 new Family Self Sufficiency participants. We have conducted 7 orientations in the month of February with 2 additional graduates. 6 regular housing choice vouchers were issued in the month of February. 2 VASH orientations and 2 VASH vouchers issued with 4 out searching. We had 28 of our 32 emergency Housing Vouchers issued and leased up, 2 that are pending a RIFTA calculation with 2 that are out searching for housing. 23 out searching for our regular HCV. 71 files pending final approval to receive their voucher. 42 files were pending inspection or lease up and 1 pending a hearing. Asset Management Report February 2023 Public Housing (PH) Scattered Sites — Christy Kavanaugh • Public Housing Scattered Sites had an occupancy rate of 97% at the end of February. There were one (1) move-in, one (1) move-outs, and zero (0) transfers. TDD/TTY#: 1-800-545-1833 Ext.919 1� "Equal Housing Opportunity Lk Lansing Housing Commission Board Meeting April 26,2023 Lansing Housing Commission Minutes March 22,2023 Page 2 of 5 :: : z i f Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 The work orders are down 22% from last month. The team have been doing a great job. We are doing appointments for leasing and certifications. The appointments are scheduled for next week. Then they will reschedule anyone that misses their appointment. Discussion Items: • Section 18 update. Yesterday we signed the purchase agreement with SK Lansing effective for a 4-1-23 closing. The money will be put into escrow next week. It is moving forward after months the end is near. 191 units. • 40 units are being sold to the residents that indicated they wanted to buy their house. We have 10 that are ready to purchase. That application is still out there. We have been going back and forth with HUD. There are questions that HUD still has. They gave it to a different review person, so we are having to answer basically the same questions over again that were already answered on the first application. We are very close to having these questions answered. This will force the residents who wanted to purchase the houses into action. The houses that are not purchased by the residents will be sold to SK Lansing. • We have established Capital City Property Management LLC and we now have insurance for the company. We have all the licensing we need; we have a broker in place to be registered for the company. The company will be ready to go on April 1 as well. A budget has been established that will be presented to SK Lansing. • Commissioner Henry asked how many of the 40 houses are going to be sold to residents. Doug said that a solid 12 is pre-qualified to purchase. SK Lansing will purchase the remaining houses that the residents are not able to purchase. Other Items: None Executive Directors Comments: Development Activities • Stadium North and Stadium North Senior property are moving dirt starting construction. • Riverview 220 — we will submit a 9% application. We are close to having that application done for the April 3rd submission. There is a gap in funding for this project. We are going to provide the funding for this gap we will get about 4% interest for this project, which is the same level of interest we were looking at for the investments. The timeline will be discussed in the following board meetings. TDD/TTY#: 1-800-545-1833 Ext.919 "Equal Housing Opportunity" Lansing Housing Commission Board Meeting April 26,2023 Lansing Housing Commission Minutes March 22,2023 Page 3 of 5 :: : z i f Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 • 1 have also met with a local developer PK Housing about a joint arrangement very similar to the Stadium North Stadium North Senior deal offering an East Lansing location. They have some property downtown East Lansing that they are looking to do some affordable housing on. PK Housing is looking to submit an application in April as well. I don't think that is going to happen because everyone is quitting over there in East Lansing. Probably be in October submission. • We had a RAID meeting with our Forest residents as well. We are submitting an application to MSHDA. We are talking about transferring assistance from Forest to Riverview 220 so the Forest residents will have the option to move down here to that development or stay where they are with a voucher. We will have visual models for the Riverview 220 units for the next board meeting. • FYI, we took NEF out of Oliver Gardens project deal. It was the end of the tax credit. We do not have to worry about NEF anymore. We will be looking at Oliver Gardens to do some renovations. • The legal action about a young man that claimed the water heater blew up at Forest has been released. • Employee benefits renewal period is going on. The agency's cost went up around $10,000 but we kept the employee pricing the same. LHC will absorb the additional costs. Other Activities: Other Items: The question was asked if the section 8 wait list is open. It is not open currently. MSHDA is opening their wait list just not in this county. The low income wait list is not open either. Capital City Apartments wait list is open currently. President's Comments: Other Business: TDD/TTY#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity" Lansing Housing Commission Board Meeting April 26,2023 Lansing Housing Commission Minutes March 22,2023 Page 4 of 5 tO . Qf Lansing Housing COMMISSION 419 Cherry St., Lansing, MI 48933 Telephone: (517)487-6550 Fax: (517)487-6977 Adjournment: The meeting was adjourned at 6:47 p.m. Date Emma Henry Board Chair Date Doug Fleming, Acting Secretary TDD/TTY#: 1-800-545-1833 Ext.919 n "Equal Housing Opportunity" Lansing Housing Commission Board Meeting April 26,2023 Lansing Housing Commission Minutes March 22,2023 Page 5 of 5