Housing and Community Development Director Emila Sutton utilized a PowerPoint presentation to explain the item.
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Council Member Jones inquired about any changes to homelessness rates as rents have lowered in Raleigh. Ms. Sutton stated that this year would be a great opportunity for staff to examine those changes and benchmark those rates compared to housing production.
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Mayor Cowell asked that NCOD overlays be apart of the vulnerability assessment as those overlays can play a part in the placement of development.
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Council Member Branch asked if staff could explore creating a voluntary list of landlords within Raleigh, that the City could utilize. Ms. Sutton stated that if the list aligns the with parameters, it would be something staff could look into.
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Council Member Patton asked that staff provide information on the utilization of the City's Homebuyer Assistance Program. Ms. Sutton noted that there were approximately 80+ loans given out by the City in the last fiscal year.
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Discussion took place regarding revolving loan funds, funding amounts for future projects, and potential expansions.
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Council Member Jones inquired about conversations with the development community. Ms. Sutton stated that conversations have been positive thus far, and that staff is continuously monitoring feedback from the public.
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Council Member Patton asked when Council will discuss the proposed bond package. Assistant City Manager Evan Raleigh stated that staff plan to bring the item before Council in March for discussion.
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Mayor Cowell stated that she would also like to hear about any potential constraints. Assistant City Manager Raleigh stated that staff plan to have that in depth conversation in March when they can present a complete package to Council.