05-13-19 Community Investment - Laserfiche WebLink

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CITY OF SOUTH BEND OFFICE OF THE CLERK Mr. Schulte replied, Correct. Councilmember Jo M.Broden stated, If I might comment,the only thing that Council had received in our packet was a cover letter and then the resolution itself. So, I want to thank you for bringing this presentation today but I'm wondering if it could be made available to Council to look into for further detail. Mr. Schulte replied, Absolutely. (The presentation was available for Council Members) Councilmember Broden followed up, Did I quickly catch that you might consider up to eighteen (18) units for supportive housing? Mr. Schulte replied, That is correct. We are looking at up to eighteen (18) but are making a commitment of about five (5), provided they come with some services and subsidy. We will look at up to eighteen(18) if we can get a more formal agreement. Councilmember Broden then asked, What would be the timeline of those five (5)? Would that be when everything goes online? Then in terms of developing that partnership and formalized agreement,what is the timeline from your standpoint with regard to the City Administration?Then a more broad and general question related to that, is there a percentage per unit from your other properties, and you experience with other properties, for permanent supportive housing in terms of capacity? What is your understanding of the sweet spot in terms of total units and then percentage of permanent supportive housing? Is that a fair question? Janine Betsey, President and CEO of Merchants Affordable Housing Corp. with offices located at 11590 North Meridian Street, Carmel, IN, replied, We've been working with Pam quite a bit. We talked about working both with the Center for the Homeless as well as South Bend Heritage Foundation. We've been talking to both of those entities. With the Center for the Homeless, those funds come out of the City's Administration budget and they are looking to spend those sooner rather than later. So, to your second (2n1) point, this would come online later next year. So, we don't want to take out those five(5) while they need to spend those and get those allocations. We also would be in a position to make a longer-term commitment to it. So, we have another staff member who used to work at the State of Indiana who has a lot of skill with housing assistance programs. He is actually going to apply for a South Bend position, so we have a more ongoing source of subsidy. If we can increase the subsidy commitment, we would go up to eighteen (18) units total and really work with the onsite staff with Bradley. We felt ten percent (10%) of that property was as high as we wanted to go and that would be eighteen (18) total clients. Councilmember Jake Teshka and Committeemember Sharon L. McBride both arrived at the meeting at 3:40 p.m. Ms. Betsey continued, Because Pam is a fabulous salesperson and because we also want to commit to supportive units, we will commit to at least five (5) with the Center for the Homeless or the South Bend Heritage Foundation. But, we can garner additional subsidies for a total of eighteen (18). We've worked with the State to try and get some allocation of vouchers for those units because the voucher really provides a long-term financial commitment that we can actually take to our lender. So, that is our plan on those units. Then we do not have a property that has more than twenty-five percent (25%) homeless units. We don't have any one hundred percent (100%) EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT 455 County-City Building 227W Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 f 574.235.9173 TTD 574.235.5567 www.southbendin.gov 3