Approves a Master Funding Agreement with Colorado Housing and Finance Authority (CHFA) paid out of the Revolving Affording Housing Loan Fund (RAHLF) for the administration, underwriting and servicing of the City’s Revolving Affordable Housing Loan Fund (RAHLF).  The costs will be covered by borrowers from the fund in the form of application and origination fees and a portion of the interest paid by borrowers.   (SAFETY AND WELL-BEING) Approves a Master Funding Agreement with Colorado Housing and Finance Authority (CHFA) paid out of the Revolving Affording Housing Loan Fund (RAHLF) for the administration, underwriting and servicing of the City’s Revolving Affordable Housing Loan Fund (RAHLF).  The costs will be covered by borrowers from the fund in the form of application and origination fees and a portion of the interest paid by borrowers.   The last regularly scheduled Council meeting within the 30-day review period is on    -15.  The Committee approved filing this bill at its meeting 8-18-15.
One needs 571 council members. Can each and Flynn get them wrong? Looks good. Madam Secretary, can you take the first 1500 Catherine McInnis, would you like for us to do with this? Thank you, Mr. President. I had just a comment, and I actually was planning to do it on both bills at the same time. But since my colleague has called out Council Bill 571, I'll just do them separately. Sure, go ahead. My comments really apply to both Council Bill 570 is the contract between Denver and the Colorado Housing and Finance Authority for the creation of our first revolving loan fund for affordable housing. And I first want to thank especially my returning council members because the funding for this this new fund was a direct result, I think, of several years of budget advocacy from this council to put at first 3 million in 2014 and then another 3 million in 2015 and make that available to the department. My kudos to the Department Office of Economic Development for leveraging those dollars to create a $10 million fund out of our 6 million. So they grew it by four with partnerships with the state. And we are going to be able to build, you know, some really important workforce rental housing with this fund. We know it's not enough. And I call out my my colleague, Councilman Brooks, with whom we've been working with the mayor. Some of you may have seen the piece in The Post this Sunday, but this is a really important first step to getting workforce rental housing built in the city of Denver. And I really want to thank the department for their work. We have several developments ready to go I'm sure we'll be seeing in quick succession. But it's an important moment to just take a pause and say this is our first time really having our own local funding source and being aggressive about this and more of that to come as we continue the conversation about a permanent source. Thank you, Mr. President. Thank you, Councilwoman, and must give kudos to you and Councilman Brooks for leading the charge from the council from that perspective. Right. Madam Secretary, you want to get to the second one in 571 and so, Councilwoman, can each other, Councilman Flynn, where either one of you wanted to call that out for a vote? No. Okay. We'll start with comments in council. Thank you. The second bill is also a piece of a really multi-pronged strategy to expand access to affordable housing. In this case, by keeping the housing, we already have many of our tax credit projects and other things that were built with public money. They only are designated as affordable between 2030, every now and then 40 years, which means that they expire and we have more than 4500 units. I first want to acknowledge some of the private partners. We have Urban Land Conservancy and Enterprise Community partners who worked with the Office of Economic Development to commission the study that really tried to get a handle on how many units we were at risk of losing and ways that we could strengthen our laws. And so this ordinance was something the mayor mentioned in his inaugural speech just July. What was that, 2010? And here we are just a month later, passing this ordinance, hopefully on first reading I'm counting on all year. And so this is, again, a really important step in the right direction to keep the housing we have by making sure the city gets a right of first refusal to buy any properties that are expiring and making sure that there are good notice provisions when people are thinking about selling those buildings. So a really important piece of legislation for our overall approach to affordable housing. And again, thank you to the department as well as to the community partners for bringing this to the Council's attention. I plan on supporting it in the black vote. Thank you. Thank you, Councilwoman. Councilman Flynn, Europe. Thank you, Mr. President. I will also be supporting them in a block vote. I just wanted to use this particular council bill as well as there are several others that the staff took a lot of time to work in committee and then also to meet with me separately. And then I had some nagging questions over the weekend and emailed this morning and I just wanted to commend the staff for being so prompt at Sky. Thank you. And and from your end. And Jen Wellborn also for helping me out here. I just wanted to commend the excellent work of staff. Thank you, sir. Thank you. Councilman Flynn. Councilman, I take it you're up. Thank you, Mr. President. I also want to add my comments of appreciation to Councilman Brooks and Councilwoman Kenney for their efforts in continuing to work work on this very important issue. I can remember back when the inclusionary housing ordinance was adopted, we had a group called S.O.S. that represented folks living in HUD housing, and they wanted to make sure that there were some protections in place. And that's where the original notification came from, so that anybody who had Section eight funding on their apartment buildings would have to notify the city if they were planning to opt out from continuing to operate that housing for Section eight tenants. And so to see that, you know, we've we've come back to 2015 and we're still dealing with the same issue in making sure that we have all government funded projects included in the notification. And it's really important. You know, we are losing apartment buildings in this city. If they are low income or affordable projects in my neighborhood, most of them have disappeared. The only ones that still exist are these protected properties. And so to know that we're including all of these in the city is really important to preserving the affordable housing that is still left in this city. And the work to create the fund with the previous ordinance is critically important. We all know people who have kids coming back from college or family members that are struggling that can't afford to live in the city. And, you know, it's important that we have some strong policies. I still would love to see our housing ordinance or housing plan be adopted so that we've got some clear guidelines for the development community, and it would provide some predictability for them and for the neighborhoods. But that's for another discussion, another time. But I just want to thank everyone who has worked on this, the administration, our Office of Economic Development for, you know, just making this a priority. Thank you. Thank you. Councilwoman Kathryn Espinosa. Yeah, sorry. I just I want to I do want to commend everybody that worked on this. I do think they're good measures and I'll be supporting them. But I don't want anyone to think that this is these solve anything. We still have a very, very tough situation, particularly in my district where these properties are. Turning over and people are getting displaced and they get stuck in limbo between caring, basically paying the funds, the carrying costs for developers, intent on moving their plans forward. Well, people can't actually migrate and move into other subsidized housing projects. And so there's other things that we need to structurally fix. These are two measures that go a step in the right direction. But there are still other things that we as a council will need to be tackling. Thanks. Thank you, Councilman. In other comments, questions 571 seen none. All that was all that were called out. So we are ready for the black vote. All of the bills for introduction are ordered published. Councilman Lopez, will you please put the resolutions on the floor for adoption in the block? Thank you, Mr. President, for a move that resolutions 579, 572, five, 82, five, 83, five, 76, five, 77. Five, 86, 28. All series of 2015 be adopted. It has been moved and seconded. Seen no comments. Madam Secretary, roll call. Flynn I Gilmore. I Cashman. I can each. Lopez. I knew. Ortega. Susman. I black eye. Brooks. I. Espinosa. I can each. Mr. President. All right, Madam Secretary, please collectively announce the results to advice. Advisory resolutions have been adopted in the BLOCK Council. One final consideration on the floor for final passage in block. Thank you, Mr. President. I move that council bills. 498, five or three. But now those two those two are for the public hearings. Oh, so that's right. Those first two. Darn it. That's almost going to be the public. Okay, Scott, I move that council bill 561 five or two 565, five, 67, 569 all series of 2015 be placed upon final consideration and do pass in bulk. Thank you. It has been moved and seconded. Seen no comment. Madam Secretary, roll call. Kenny Lopez. I knew. ORTEGA Right. SUSSMAN Black. BROOKS Espinosa. FLYNN Hi, Gilmore. CASHMAN Hi, Mr. President. Hi, Councilmembers. Brooks. Thank you, Madam Secretary. Please close the vote and announce the results. 12. 12 hours. The bills placed on final consideration do pass in the block. Tonight, there will be a required public hearing on Council Bill 503, changing the zoning classification for 22 South Adams Street and 44 South Adams Street. Reminder, it is council's intent to postpone final consideration for Council Bill 498 changing the zoning classification for 6502 East Union Avenue with its public hearing to Monday, September 21st. If you are here to speak on that matter, we please ask that you return on that date. However, anyone wishing to speak on Council Bill 503, please see the Council Secretary to receive our speaker card to fill out and return to her during the recess of council. If there are no objections from members of council, we'll take a 5050 minute recess. Coverage of this week's council meeting will continue once the public signs up to speak on scheduled agenda items. We'll take this time to look at what's still ahead, as well as preview additional meetings for the week and share some other items of interest. We'll be back with more meeting coverage in a few moments. There are two public hearings on this agenda. Council Bill 498 Rezone 6502 East Union Avenue and Council Bill 503 Free Zones 22 South Adam Street and 44 South Adam Street. Action on this agenda is just ahead. In the meantime, let's take a look at items in other meetings. Denver eight. We'll also cover this week. Every Tuesday morning, the mayor presents agency proposals and invites council to discuss policy. Join Denver eight as we bring you this meeting live at 9:30 a.m. with scheduled replays that evening at 930 and again Friday at 8 a.m.. Please note that when committees consider changes to the municipal code or policy, a public comment period of 15 minutes will be held on the measure with 2 minutes provided to each speaker. Please sign up beginning 30 minutes prior to the committee's scheduled start time. Tuesday morning's coverage continues with a 10:30 a.m. meeting of the Business Development Committee. Watch live at that time will catch replays Tuesday evening at 8:30 p.m. or Friday at 9 a.m. and Sunday afternoon at 1230. Tuesday's coverage continues each afternoon when the Safety and Well-Being Committee meets at 130. Replays of this council group are shown Tuesday night at 6:30 p.m., Friday morning at 10:30 a.m. and again Sunday at 2 p.m.. Wednesday morning begins with a session of the Neighborhoods and Planning Committee at 10:30 a.m..