All right, so Because we don't have the chair and vice chair present as the secretary I think I call meeting to order and we can attempt and So I'm taking item one call to order and roll call so if everyone can go around and For the roll call that would be great You go this way Tim Waters Harold Dominguez Executive Director now we need Basically the way our vial also written is that We would follow Robert's rules of order Which basically says I need a motion for somebody And Susie can't vote on this one yet because there can't she Probably So of the four I need Someone I need a motion to Have someone run I move I think the major content Chair for this I'm turning it over to you If we can get a motion Chair you are your world we can get a motion to allow Commissioner Nogogal bearing to participate in the meeting It's the motion to suspect the rules Suspend by reference council will proceed your 25 point to a To to help her in this case. I'm always just in the rules Commissioner waters and second by commissioner Martin All those in favor All right Second agenda is to Oh, we're going down Okay Are there any revisions or submissions of documents? To review and approve And I have a motion All those in favor say I Couldn't hear you say I I thank you The motion was made by commissioner McCoy and second by commissioner waters And that I don't have to say that So it's not Well, it passed unanimously with John's back and vice chair I Okay, I remember for Is there anyone here public invited to be heard that would like to speak Seeing there are none let's move on item number five Oh the new business So the first item tonight is the 2024 utility allowance schedule and this is something that you review and consider annually if the prices change the utility average costs change What greater than 10% in one category or another so water did go up this year when we did our joint study with Boulder County and so what you see here is the revised utility schedule from our Doctor programs Motion on this Resolution 2023-21 That resolution was moved by commissioner waters and second by Commissioner McCoy. Is there any discussion on this? No, so can I All those in favor That motion was passionately with our chair peck and Mayor pro tem Okay Right, so This is the second amendment to the IGA with the city for the locally funded voucher program and so just as Small background in 2021. We started this program through the city's human service agency funding and it provides vouchers to about 15 households that are Exiting homelessness through the coordinated entry system and We have been successful using that program now for two years They there's enough funding to get through 2023, but this is a time extension on the IGA between the city and LHA So towards the end of 2024 is when we'll see The proposal for what to do with this program beyond that in terms of funding, but this is just a time extension I'm Great, um, we had a full goal The motion was made by commissioner martin and second by commissioner waters. Is there any discussion on this? Sandman all those in favor say I Great Okay That motion motion um was passed unanimously with uh chair peck and mayor Vice chair Now resolution 2023 dash 43 Okay, this item is um the executing the IGA for an ARCA funding Delegation from the city to complete the accessibility project. Um, so the city council you approved this IGA back on November 14th to Fund 64,500 to finish the concrete ramp work that we're trying to do across LHA properties for accessibility reasons, which also helps satisfy the LHA's commitments to the voluntary compliance agreement um And I actually wanted to show A quick update on our progress on that while we're on this item and of course i'm doing a PDF because we cannot figure out what is going on with this computer and the funds and PowerPoint Let me share this So we've been working really hard on these capital projects. There's a couple more cdbg projects in here too, but Basically between cdbg and arca. We've had a significant investment in LHA properties this year That really all this work was completed in the the last I would say it's quarter three and four of this year Um, and I just want to share our progress because all the work is Complete with the exception of security cameras, which we're working with the city on the the long version of effort there This is regular cdbg funds. We completed the platform the playground project at the aspen meadows neighborhood So here's our before pictures. They actually look quite good, but um in reality they were caution taped off because it was a safety hazard So our brand new Playground is in place and being heavily utilized by the kids. We have Includes all new base all the way around as well Um, so this was a $25,000 and change investment There's one chips in the base. Those are Yes And then we did the hover crossing parking lot project This was a $56,000 investment to resurface the whole parking lot and upgrade the ADA parking And it was completed, but here's my photo And don't have my photo in place and so that did not come in in time and I just realized now So I apologize about that, but I'll share it after the fact, but it's a it's new paper. So It's very exciting Um For our ADA compliance projects. We use cdbgcb funds for a total of $145,000 investment We created sensory units at all of these properties Virtually almost everyone except for the aspen meadows senior that heathers installed at the big rehab So those are units that are accessible for those with vision or hearing impairments Here's This is it's not very exciting to see because it's really just electric Mechanical, but it's there complete um, we did accessibility and parking improvements at a bunch of locations as well including the two commercial Properties and so that again is very exciting on site, but in in the photos It's this was a non ADA compliant ramp and now we have ADA compliant ramps all the way through This one was actually the most egregious here because that was sticking out into the into the aisle Which is a definite no-no. So we have an entire new ramp and we actually re-striped The parking because we had to move everything over And so I will say on 615 main that is something that we did before the sale too so that we can convey especially to A organization that serves the disabled a property that Needs ADA so we have within the last day actually last night we got Certification from our ADA consultant that all the improvements that we've done at the building including in the restrooms and inside Are all now the building is fully compliant with ADA And we closed on the sale this afternoon. So That is complete So that's just a little end of year recap on all the grant funding work that really has been a partnership between all HCI staff and LHA staff A bunch of people involved to make sure that this all happened ties to our voluntary compliance agreement, which we're also actively working to Report as many improvements complete as possible. So Stop sharing And that's the completion of this item I move then resolution 23-23 second all right So that motion was made by commissioner McCoy and seconded by commissioner markham Is there any discussion? All right seeing none all those in favor say aye. Aye. Aye Aye The motion was passed unanimously without chair peck and vice chair All right, moving on to resolution 2023-44 Okay, so this item is long story history, but um the 6th avenue plaza including that area of parking just south of village place and that near the spoke that when the village place apartment building was constructed the original developer back in 1988-89 worked with the city and leda and They used the plaza as part of their open space requirement and some other things and parking requirement So there was a maintenance agreement back in 1889 1989 So To Just outline who does what in the closet in the parking so that that agreement is long null and void since lha purchased that property in 2005 Um, and then put it into the new partnership that was village place And so as we go into the recent occasion the investors wanted to Have something that is actually being followed because it was not Everything that was in there was so out of date that it wasn't even what was actually happening on the ground and so we weren't in compliance with that agreement because when the city converted the parking to public parking it basically grew everything out of whack because lha had a lot of responsibilities, but it was in exchange for having dedicated parking parking spots and so And it was the vein of everyone's existence for a few years based on the Zivo and many other So between ldda fourth street division lha streets Who's who's doing what so that this or this? idea now outlines that very clearly and who's responsible for every piece of evidence in that area Um, and this is something that the investors wanted for the new village on main just to make sure they knew what we were Responsible for and to pay for the only thing lha pays for and will pay for it's consistent before and after is the water utilities used to Irrigate the several planters in the plaza because the irrigation systems connected to the building. We have no way of splitting off Which water goes there versus elsewhere So that's the only financial commitment of the lha other than staff responsibilities, which are kind of looped into Our general work without having a In the nutshell We had lha making staff that were trying to trim trees It wasn't safe when they were doing it So generally lha is going to take care of the sweeping the cleaning removing the leaves the water And forestry wasn't here pretty charming parks will deal with some of the plantings plantings and then The gid fund associated with sprays will actually be the maintenance on the parking area So as city council, this is a no-cost aga officially so Mayor peck would end up signing on the city side, but it wouldn't be coming to a public meeting So this is your The public decision here I move uh resolution 2023 dash 44 Okay Emotion to move um resolution 2023 dash 44 by commissioner mccoy and seconded by commissioner water's Any discussion or any questions? Susan If no seeing none all those in favor say aye. All right. All right Okay, that resolution was um past unanimously And with the absence of chair peck and vice chair, uh, Roger Okay, moving on to resolution 2023 45 So this is the revised property tax exemption partnership policy This will be your second revision since 2021 when we first put this new policy into place um The revision was prompted by income averaging be coming forward as a common Use of life hack and then having two projects proposed out here in long month soon after And so what the red lines are showing in the policy is ways to make income averaging projects Um qualify for the tax exemption and really what we said there is Yes, the whole All units 80 and below could qualify for the tax exemption if There is a sufficient number of 30 units included because that's the trade off the 30 for 80 um That was the basic change and then we ran this through the advisory board And they we have some new banking experience or Somebody with banking expertise on there and just a couple of lessons learned over the past year and there's sort of a couple other Red lines in here just to make some things very clear and plan for the future For when a project let's say to get their tax exemption that they make it through their 15 years and then and then what? So you'll see in here a couple of changes to that the application fee is proposed to be lowered but cover The actual legal expenses that lha encouraged to become a special limited partner on these deals um Before it was the five thousand dollar application fee was intended to cover Whatever work lha staff did plus our legal fees to get on This would be more the two thousand is really covering staff Um, and then it is the true legal cost because we can see those Be much being much higher than five thousand in some instances. So we wanted to make sure we weren't coming out of a loss um, and then the ongoing maintenance fee also what was proposed to be raised from one thousand to three thousand so that um, that really one thousand is not that much in terms of staff time for the level of monitoring that we see coming out of the agencies So Those are the proposed changes to the property tax exemption policy I'm hoping This one Sticks and we don't have other changes where we actually more revisions soon, but um, it should be very ready to go And it's informed divide two years of projects by now. So um Resolution Commissioner, um Martin and seconded by commissioner waters Any questions or discussions? So you know, all those in favor, can you say aye? Aye Aye Wonderful. That was unanimous Um with chair peck passes and vice chair Okay moving on to Resolution So as part of the ongoing effort that we've been doing with the LHTC to determine if they would Be transferring their assets to LHA We've already determined that they're going to stay on and Specifically for fall river because that one way it was not advantageous to exit LHTC from that but the other two Projects that we would need to take some action on our spring creek in chrisman one So this one is specifically regarding chrisman one and it comes out of that effort um as an interim measure because chrisman One was set up as an escort a corporation generally a corporation Um, we don't exactly know why but it is a taxable entity And we haven't had to pay tax so far, but now that we are getting Revenue from chrisman one in accordance with our agreement with FGL We needed to either take some action or pay taxes this year And so this is an administrative services agreement between LHA and chrisman development, which is the entity That LHTC primarily holds in chrisman one And if we set up this administrative services agreement Then LHTC can pay LHA for the staff time that we've used and have been using to administer this project Especially on the finance side And if so then they have expenses In that can offset the income and we wouldn't be subject to paying taxes So this is an interim measure before we remove LHTC from the chrisman one entity and transfer it fully to LHA And at that point we'll get rid of the taxable entity and make it an LLP like every other property is Did I get it? All right So that's what this is It's it's fully owned by LHTC LHTC it's a subsidiary because it's governed by by LHTC. Yeah And did LHTC set it up as an escort? I think what happens in in some of those cases, um the actual entities of chrisman part of chrisman required it to be The investment part of it? Yeah, it's required to be So I don't know that it can be changed Because it might have been required because Of the tax credits. Why haven't we not had a bay or LHTC none of the thing that is Since it's intact because they only they haven't been getting money So it's yeah, so there's a lot of times it's just This started this year It usually takes them a couple years so they opened in what 20 The entity was created in 2018 So it should have been some time after that um And it takes them a while they they pay off A lot of debt and developer fee first So it takes a few years to really stabilize and start having a normal income without those large expenses up front So that's what we've seen. So this is our first year with actually So, you know it being technically A non-profit operation it shouldn't be It shouldn't have a huge net correct, so it's officially a profit Yeah, I understand what you're saying, but they yes, the money all the income generally gets turned around into just operations But no profit to tax. Yes, but because they're required to pay LHA A piece of their a percentage Correct. Yeah, so it's kind of a waterfall effect So they have a huge waterfall It'll say Then it'll come down and say you're going to pay them into partners This percentage and so forth. So we're getting to that part where they're getting further in the waterfall and having to make those payments As they get more income in that's not consumed by expenses in that year So the motion was made right And I'll move approval of resolution 2023-46 Um, we have approval for resolution 20 23-46 by commissioner waters and seconded by commissioner mccoy Is there any other discussion on this? If not All those in favor say aye. Aye. Aye. All right that motion was approved unanimously With the absence of chair peck and vice chair records onto item g Right So commissioners, uh, as you were calling the royal city council we presented The city's parental and caregiver leave policy When we began the Bringing the housing authority in to the city structure The housing authority adopted all of the city's personnel policies As we were moving through this, um, we Just need a motion from the commissioners to adopt the new policy that we have Which is the parental and caregiver leave policy because it wasn't covered under the original decision In adopting those policies because lha is not covered by fmla Because they have less than 50 employees. So lha has a separate two week parental leave right now Which would be replaced by the city's Caregiver leave if we tonight would make that motion Certainly, whatever if you don't adopt it Not so i'm thinking about it, but i just uh, then lha would continue to get two weeks of Parental leave not caregiver at all because that is not covered on the current policy. Um, and then I mean in when you're thinking about these are employees working side by side they would be Working with half of us in the room would have the city's access to the city's six weeks And half in the room would have the lha access to our jays two weeks And I think the big issue you know many of the reasons why we brought it forward on the city side is a it's more consistent in organizations to see This type of policy, especially on parental side What's unique about what we've done is we've added the caregiving component to this um, and that's a product of Many of us in the organization being put in that situation at times And I think that was become a recruitment issue when we're working with staff if we don't have that in place and as we know You know having that time off whether you're adopting fostering Children to you know, it's important On the other side, um, you know with aging parents a lot of us are in position of We have to deal with those issues. So I think we're tensioned the big piece of this and recruitment sure and actually I was Not Disapproving of the policy with wondering what the impact on the existing budgets was going to be I think when we look at the financial side, um In most cases We haven't seen a lot of doubling up I think there may be some minimal Um need for Revenue that we needed a higher temp positions, but in most cases we're covering with existing staff Um operation. So it's not like you create creates an additional cost There is a productivity cost that you deal with that we've been managing for those issues I move the That we adopt that the city is better than that They carry a relief policy Okay, that motion was made by commissioner McCoy and seconded by commissioner martin any other discussions Cm 9 all those in favor say aye. Hi Hi That motion was passed unanimously with in the absence of Chair peck and vice chair Now we're moving We might have one comment that just for clarity It might be worth um doing another motion to Eliminate this lhs existing policy just to be clear that we're replacing them instead of adding just adding I I move that we replace the existing uh policy and replace it with The the city's uh Revenue and character in the relief policy second Right That motion is that amendment to the first one or just You can just treat it as an Okay, the motion was uh made by commissioner McCoy and seconded by commissioner water um All those I don't say All those in favor say aye. Hi I Okay, that motion was approved with the absence of chair. Um peck and vice chair Moving on to item h So lhs staff is proposing to change and increase fees paid by the applicants and residents beginning in 2024 First one being the application fee. We've been charging $25 application for new applicants coming into The buildings or the properties our fees change in 2023 will change reporting companies So following house bill 19 That's one one oh six that we are allowed to actually charge up to our actual costs that we incur so we would like to raise those fees to $50 per adult household member Second fee is the late fee. We've been charging a $25 late fee on the eighth of the month It's not encouraging residents stay in compliance because if they're late They only had paid $25 even if they paid around on the 30th of the month So we would like to um come into compliance. Um, sorry We'd like to follow the requirements of senate bill 21 dash 173 Raise that to $50 on the eight or five percent whichever is greater of their lease And then the third one is rates our current security deposit from $500 up to $1,000 Because in many cases the security deposit is not even covering or making a dent into the damages We are still in place There's a lot of resources out there for security deposits our center helps faith organizations help Human service agency funding through special arrangements Women's work. He said um senior services. So those are often utilized by residents So is that legitimate use of our portable housing? Um Our health and service funding Yeah Well, very very affordable housing but it's got people with secure housing So we have used cvg funds for security deposit programs in the past that we have not to date use the affordable housing fund Was the question okay, I could be used It is serving low-income residents. Um We have to dig into that a little bit I think on the surface of immediate I think we've tried to use other funding sources Which we should before they came in But I could also given that given the list that my just ran through We know the pressure is on more work and every other nonprofit in town right now Um and to have as a backup If need be somebody who is desperate he doesn't have a thousand dollars, but needs housing and as a It would Satisfy clears the criminal background checks satisfies all the other requirements. I hate to have that Be the basis for somebody's sort of council couch Uh if it'd be portable housing fund that he used as a backup So what we would do if we ever considered that It would be included in our annual action plan as a set aside for that So that council would review and approve the amount set aside um And then Implementation either. I don't know if it's direct or to to a nonprofit to provide those something like that was not really Would be necessary. Yeah, I mean it seems like we would want it to be The last resort because It's probably easier to apply to them To go around towns that wouldn't like to be first become the first resort Um, I suspect that we can leverage those funds more successfully in other ways than the process Yeah, let's dig into it, but I think there's something that we can bring back to the city council as part of the affordable housing fund and maybe allocate Small amount That if people aren't able to get assistance from other organizations they can apply For this type of funding They would have to show through because they exhausted all their opportunities And so let us take that we'll bring it back to them. We'd actually bring that back to the city council to take action on that and I think it'd be better if we found a way to operate to operationalize it internally versus adding a burden to someone else's event Taking choice for that And I'm thinking that it would not make sense to Delegate those funds to the LHA if we don't want the LHA to get mixed up in people's security deposit. So They would come to HCI And then HCI would have to build a void similar to our center, but it would be last resort Proof they've gone to the other agencies Would it be a pain to have them to have Pay since they're used to or know that originally it was $500 to make like a payment plane But it's $500 down Decided to be a lease and then $500 down You know Now we've had a lot of issues with commentary don't to not getting paid Yeah, I'm talking about that On some HCD issues And that's a different issue too because we do have to do an LHTC side figure out We need to start taking in donations next year To maintain our tax status Our to maintain status is not proper And so we have talked about creating Um Accounts within the LHTC that can receive donations Hydro for tenant Some service, you know the support activities that we did we could create another one that said You can donate to this account for security deposits as well That would work to help us solve that issue Well, I certainly understand the rationale for the recommendation. I just You think about both barrier entry To those services that you would need I hate for that If somebody checks all the other boxes to be the barrier to keep somebody on the street If you remember with the um Xenia and one of the recommendations that that I made with the artwork funding and the interests that we learned from that is We did set aside $50,000 for For the deposits because That was going to require and and so as you see it we can work with significant programs Most of those will come back to you all of the city council You know what we want thinking of it if we created an LHTC But the funding coming over the council said we want to set aside $10,000 For the pauses But we'll let me the definition of the donation for the tax I believe so. I don't need any of the tax counter. I'm just to make sure that we're I was too proud. Yeah, that may be the easy answer And then if we say we're seeing it can work with like The community foundation and other areas to try to get funding I will say that I know that the interest is Warranted and thousand dollars. I'm the renter and so Is nothing because you got to pay First month's rent last month's rent as you look at the positive and at the positive on top of your first last month's So if you're in like, you know over $2,000 a month Guess how much that is, you know, so $5,000 just to get to sign a lease So, um, I think $1,000 is pretty generous, but we also don't want to hinder Or make it more challenging for people who are really struggling truly struggling and have more and may feel like they don't have more options so So I do appreciate that too, but I do also want The other commissioners who are homeowners may not know how much it costs out there because it's it's hard I hear these lawnmower streets. I'm just saying It's a lot of cash up front It is it is and so you have to say, you know, that was one of the reasons why I was asking About the down payment. I know you're going to talk about that later in the report But you know, he's like like, oh if my landlord said I could put $2,500 down sign a lease move in and pay the other $2,500 next month That will be feasible for me than coming up with $5,000. Well, hey, I'm letting you say $5,000 And have some more money to put on towards a condo or something. You know what I'm saying? But that's what's I mean, that's what's out here right now It's a quarter at least of what somebody might be down for You know, payment on an actual purchaseable housing Yeah I'll move approval and be able to keep up the fee adjusting policy on fees both security deposits All right, that motion was made by Commissioner Waters and seconded by Commissioner Martin All those in favor say aye. Aye Aye If I was going to be here, I'd put it with the final question A quarter from now. Where are we with that? So Somebody does that I'm thinking out of hopefully we can get this figured Figured out from the next month or two because we do need to figure out on the LHTC side this Donation piece. I mean that's in that thing. I think those two will work well That motion was passed unanimously without in the absence of our chair peck and vice chair Rodriguez Moving on to item I five I'll be taking this one. So There's no question up for consideration tonight, but I did want to make kind of part of a special presentation to all about All that we have figured out about how solar solar photo Solar photovoltaics Worked on lifetime projects So I wanted to share that with you tonight because we're at the juncture where we're making some big decisions on this and I wanted Your board to understand into the background Um, and you may be seeing something coming through on the city council side in the next month between LHA and LPC about this too Powerful So village on main We are moving forward with solar photovoltaic on the roof. Um Here look how many of the panels there are and it's going to be completely covered Um, really here's the case study we have So first of all village on main was not a purpose built li-tech property So it has 73 individual meters Um When LHA bought it everything just stayed the same so LHA still pays all the utility bills on behalf of the residents now that it is li-tech But there are 73 individual meters, which means 73 every month 73 meters are read by long-month meter readers um That results in $14,000 a year just in meter read fees Which is an LHA operational cost that we could certainly use for better purposes Um, and LHA pays about 45 thousand dollars annually in utility costs on behalf of the tenant and the house the house meter So we analyze two different size systems a 100 kilowatt systems keeping the individual meters because master adding a master meter to a electrical room that already has 73 meters on the wall is actually a true challenge on how do we Eliminate them bring in the new one or time together or there just wasn't enough space frankly on the wall um And so we analyze this system. It would have covered 41 percent of the usage of the building We still have those meter fees that are not really necessary It would lower our costs though annually on utilities it would take about 11 years to Essentially pay back the cash investment that we would have to put in to put the system on through those the solar offset savings And so we would expect to get 30 tax credits if we did it this way for the solar only And so that would leave us with a hundred fifty thousand dollar bill after the fact We also looked at doing the maximum size system we can do which is 165 kilowatts converting to a master meter And this would cover 69 percent of our usage The meter read fees would reduce drastically Our utilities would reduce down to just over $22,000 per year. So we're It's about a 45 percent offset The cost of the system if we got 30 tax credits, which is what we would definitely assume Would be 255,000 but we're actually working with our tax accountants to apply for 50 tax credit It's a special new program Nobody's really gone through it yet. We're going to be one of the first in the country But if we are successful then the cost of the solar that the materials and Electrical configuration be down to 166 and then we would pay that back, you know 16 years. So basically This the solar savings after 16 years would have paid for itself And then we're free and clear So we ended up Going with 165 kilowatt system. This has been months of work between lha The development team and lpc to figure this out and what we're ending up doing is putting a master meter And now we're getting technical and herald might correct me master meter in front of all the individual meters without removing them all because It's going to be actually cheaper and easier. This was an lpc idea. They were Our development team was blown away at how helpful lpc was in coming up with this because they're used to itself And so then we could also still we could sub meter if we wanted to just to monitor usage And be able to see what's going on on a unit by unit basis If we meter if we read them, yes, but the option exists if we need it to for some reason necessarily need lpc to read them But the technology is there to create the sub meter for the resident to look at and how we could communicate with the residents only I'm going to be into a hundred percent renewable meaning to reduce usage There's a different blend with some other Neat reading technology, but we at least have a platform there. How are you going to replace the sub meters? With We're just going to leave them old because we're doing the the master meter would be smart And that's the actual functioning And you don't take people down with electricity when you're trying to That was literally Why are the box in and connected so it's a small outage versus We were about to be talking temporary location for four days Well, we had the building shut off and it was going to be a big effort um That was actually the thing that said okay, you're doing this is that we were able to avoid that um lpc is is interested in Contributing some capital funds to the installation of the electrical configuration system We're fine-tuning the number But that is something that they would propose to council in the future if it comes to fruition. We're working through the details Which would be amazing And that's part of the the learning I call it our learning lab Right now with what we're doing is everything we're learning on the lrj projects when we're doing it collectively actually allows us For private sector units where we can say here's our experience. Here's how we're doing it. Here's the road back to doing this Otherwise what we're finding is when people are bringing their brain damage to go through it and the more we can set examples of how to do it I think the easier that's going to be on future development projects in the market rate world Um, that's a lot of solar panels for a lot of potential access on a sunday day Is there any I'm sorry We have our modeling shows that We will Produce enough to cover 69 of our usage with the full system. Yes but not Yeah, on average, which is the which is the question because we the average is Is not the daily and we have With with that much solar generation capability you have a A lot of potential for peak smoothing demand smoothing Road shift in that car So is there any has there been any consideration of adding some Storage to the installation To use it as a distributed energy resource So that's tying into the conversations that we're having about putting storage at some of our substations Oh, so you would route the access to to charge the the substation adding that The battery component on our light tech project becomes challenging from a cost perspective But that's the conversation I've been having with flat ripper and Darryl and david about The battery storage that they're bringing in so that when it is Generating excess energy they can charge the batteries at the substation Here have you referred to this as you're learning that I'm gonna I treat that translate streaming into rd. That's what you're doing here and and As you learn your way forward you're marking the trail for others to follow for Don't go here This is a path against this outcome and and this is a pretty good use in my mind of tax dollars Both to accelerate learning and produce the kind of outcome that increases efficiencies and reduces costs You know for residents and everybody else, but I I just think I think it's a great example I think we ought to We've had this conversation before I think there are tons of opportunities We frame right whatever the it is Well before is an r&d opportunity And um, we want to codify what we learned And I I'll stop there Well, it's actually a good point. Um, I've had this conversation with um commissioner martin as well you know when we brought a sample over to Chapa So we talked about it meaning 100% electricity They were actually a little skeptical of it and in terms of You know, they're asking questions about cost of construction. What does this really mean and What Well, what some of the team did now is I was getting kind of Breeds occasionally on this it really let me explain the chapa board the overall goal of moving to 100% renewable energy 23 the fact that we have our own electric utility and our own generation unit who are Engaged in these conversations with us In terms of how how we're using this just to again do the same thing R&D so that we can prepare others so And that actually was something that they responded really well to when they understood The broader partnership our next case study might back up why they were skeptical Why most developers might say that but then it doesn't So we'll go over that so In the two case studies that i'm going to show village on manum innocent Is it two different worlds? solar and line tech playing together on existing buildings versus new builds so on existing buildings Um in lha's portfolio. We already are master metered on all of the senior properties And our hotel conversion, which is the suites, but if there was another hotel, they're generally master metered as well Well, they're definitely Utilities on their hotel room. Um, and then for psh permit supportive housing It also makes sense because the utilities are our soil for for those exiting homelessness Um, and then on the individually metered side in our portfolio. We have village place which was not originally line tech purpose built and um townhomes and walk-ups are less efficient to master meter than a traditional mid-rise building amn is individually metered where the tenants pay utilities and Walk-ups, which we don't have any currently, but you'll see that come back innocent So really it's kind of talking about And i'm trying to show here is on existing buildings. When does it make sense for lha to convert to a master meter? Which now the only project only property remaining where that will be an option will be amn um And why does master metering work on our other buildings? And then Does it make sense to add in solar if you already have the master meter infrastructure? so It does because it does lower the lha operational costs. We're already paying the utilities anyway um Some might say there is an argument out there that when you master meter It's less incentive for the actual resident to monitor their own energy conservation But there's that's not necessarily fully proven and also on a master meter without subway or you can't really decipher but um There is a cost to convert the electrical configuration when you're talking about going from an individual to a master meter So there is a cost Implication that you have to be ready to pay for And yes, it will take you will get your investment back. It will take 11 to 16 years of what we've seen So these are just kind of the how we're figuring out all of the nuances of how solar plays with li-tech on our existing building So those would be those that um when we go through this recent indication we have a process again So we get to ascent And i'm in a pd. Oh good. You can see the whole thing. So here's our our proposed solar pv layout on ascent It's a 200 and oh i did want to mention before i get here The spoke Right down the road from from village on main The identical size of units for both 73 units We are proposing 165 kilowatt system and The spoke put in a 41 kilowatt system that covers about 16 percent of their energy usage And we are going to cover 69 so i just wanted to make the distinction that we are Really putting in the commitment to this in the work and the the dollars to get the outcome So then when you consider that That scale We're going to put a 211 kilowatt system at ascent Because it's such a larger property in an offset 45 percent of the energy usage But that's pretty much the maximum that we can reach here The cost estimate this this system just the materials alone Is 630 thousand dollars If we get 30 tax credits the cost to the project is 462,000 And again because this is a family Property it's a walk-up, which is not necessarily as conducive to master meeting metering their proposing tenant paid utilities That does not necessarily mean that they pay off, you know, we still adjust their rent It's still the max line tech rent takes into account the utility allowance So it's not that they pay more but it just comes from their Utility bill rather than ours Only so Is the most you can do why because you can't capitalize anymore than that because it looks like you've got some roof left We do There are a lot of moving factors on this including what other systems they have to put on the roof They've not shown they're not showing here yet. We're pretty so earlier in design And also they are trying to maximize The north facing their slanted roofs. It's not a flat top roof like those place. Um, so they have to work with directions as well um, so what's interesting in new builds Is the bottom line is If the developer pays in this case after tax credits upwards of 400,000 dollars to put solar pv on this They never realize the benefit of it because the tenants pay utilities The tenants receive the the the benefit Which in a perfect world is wonderful, but that means that The developers are never Getting their money back for it and it's just an added cost that they already have gap funds And unless there's gap funds to come and fill it it is just not much incentive for a developer to do this on a live tech project Um, so don't want to they don't generally don't want to um Because most of them can't afford to with a live tech. You just don't have enough money to afford it Right, they already have gaps. Um, so this is just deep in the gap So unless grant funds comes in grant funds come in or a partnership comes in um To help offset that cost You likely won't see it, which is why I think chaffa Was looking at us and saying really you're really gonna do that and we said yes um Because we have more Well with the with the city being involved in having other goals and and um objectives So Who are the potential partners? and because of the of the load management aspect of living with prpa or lpc The enterprise would be potential partners. Yeah, exactly So we talked to prpa for a period of time They are not ready to partner on this specific project Pearl's still working with them big picture, but they are not ready to partner here. However lpc We are working with them right now because they've come up with a really creative idea that our developer is way on board with um, the lpc will Use their funding sources to purchase install and own this the pv system and lease the roof space from the developer The developer is like, excellent. We don't have to Take on the capital cost the benefit still go to the resident, which is also great and we get paid for it, right? so That is months and months of ideas and brainstorming to try and come to this um Really, I just wanted to tell that story as we go into these budget decisions being made um And it was a huge learning experience how do you if you see solar coming in on lie tech projects a lot But it's probably more likes the spoke where it's like 16 percent. Okay, that's something but it's not gonna you know it's not gonna turn the move the needle So the real question is are you telling chaffa about this so that they get the benefit of the learning experience? So yes, we will and that was part of the conversation to say this Our world's different because we have an electric utility We're touching all of these components and we're We're working through it collectively and and and I think the other thing is really having to understand that Are 100 percent renewable like 2030? I mean because they also question just it being an all electric project and You know but yeah when we get through with them, we're going to use this This will be a model that I think we'll take to them probably want to talk about it and just more generally and cml and some other things because This is different, you know, they're always talking to David about this, you know another way to Kind of take the same concept is to work with the developer where if they wanted to front the cash And they wanted something back Find a way over time where you have a contract with a developer in the electric utility We're based on energy coming in and out and how they can capitalize it when they paid them on an increment over time to kind of Create another avenue to give them to invest in so That's a much more complicated So circumstances Oh, it's a good onion for Pushing yourself on this. It would be real easy to say it's too hard. It requires too much thinking or too much risk or whatever That's a that's a credit to it And This area generally, um, this is more of a city thing But there's some large Groups that are interested in solar as well As much as a megawatt solar generation In the area and so this is another one of those r&d facilities in terms of the battery storage of substations because We really have the ability I think if you look over time With you know that the conversations are having with this large facility This project fire station the heartstone enlarge and even components at centennial to to really get creative on Distributed energy and how we approach it in sectors of our community So this is part of a much broader conversation commissioner, um We've all gone far. I saw you got up. You were unmuted for a moment. Did you have a kermit? No, okay It sounds amazing There's a lot of points where it could have Very easily said we have to stop but people just can't find any So no no questions up for tonight. It was just emotional I mean, that's a testament that everybody's seeing this room on the team and the broader teams from lpc You know, that's the cool thing about the staff and this organization is that I think the harder it gets the more they engage and No is absolutely the last possible answer to that They come to me with and it's with pain when I think when they come to me go. We can't do this and so I just want to say that so you all know that the caliber folks that we have in this organization They're they're leading in so many ways. It's it's amazing to be part of that group and work with them Thank you Pardon high-fives all the way. Yes Here we've got the correct report. Yeah, so we're going to turn it over to them. What are the things that did want to update you on is So as you know in turn we were on the on the housing choice voucher program You know when individuals have circumstances that change whether that's people get jobs and they don't report it or I mean team time increases in some way or they have more people that move in with them And then we catch it We obviously have an obligation to hug to make sure that they're paying the appropriate rents and In these cases and in most cases here. They owe us Of art some of money as we're moving through that process About a year and a half ago You've all granted of us the ability to Um enter into payment arrangements with many of these folks Um, I'm telling you this because you know, we're at the point where people were paying And then people in this case another conversation And and now we're we're seeing people are paying more And and so Oh, we're we're at the point now where we'll sign those agreements. I first want to sit down with them Here's what I expect. Here's what I need you to do Careful you can make these payments on a regular basis. We are a little flexible if they come and communicate with us in terms of My being able to pay it and you know, we work in it as long as they're continuing So I've had examples where somebody was up to date situation changed We restructured the arrangements, but they were paying they just got behind because of the life circumstances And we're up front with it. We are having people that just stop paying and and so Just to make the board aware I wanted you all to know that on those cases. I'm now saying We were very clear in our expectation. We told you what we needed you to do. You have not done that and we can't continue to um Continue this approach anymore because you're so far behind if you're refusing to pay And so it is highly possible that it's highly likely that you all may get some people coming to you all Saying that they're not working with them, but I think we have enough evidence in these cases to show How far we've gone to do this and we still have to uphold our obligation to hide Well in some cases, yes, or in some cases they just don't have the voucher and they have to Um, you know, we're seeing cases where They're not paying us, but they're also not even paying the landlord what they're supposed to be paying You know the difference in that cost and and So they have two things If they give a payment arrangement with this They have to pay us 200 bucks a month 300 dollars a month Um in that conversation we do talk about what's your income You know, was it Three years is it five years trying to do it. They also have many cases and obligations to pay land What the finding is they're not going to any of it and so it's likely they're already going through eviction With their landlord and and then we have this other issue So I think I have two or three coming where Over the last week the answer And I just wanted to give you all a heads up so you're not surprised Um, it's unfortunate, but I think we we have our obligations to hug and and to everyone holding to our program They're conceivables So At the moment we are at about 66,000 and 59,000 on that is from past two minutes that are currently working through The collection process making sure we're doing our commitments to send three letters out before we send them to collections So currently our current tenant balances is about nine thousand dollars. So that's Way better than we've ever been before We've said approximately about three hundred seventy five thousand dollars to collections We have seen nothing come back We finally I think had our first one this last month reach out to we said We had to tell them we can't talk to them. They have to talk to the collection agency Because once it hits that but that's the first one we've actually even seen come back to or have a response We've written on about 12,000 dollars and that was mainly due to two minutes that I think that's the way There's just an obligation past that it's cleaning services that type of stuff in those situations So we're definitely much stronger in our a hour than we've ever been before practices in place To send out the letters and do our due diligence and send to collections But I don't know I know collections has a lot is they have six years That they can continue to collect But most of it will matter to see On anybody's credit report because it's So in less than any judgments Or as we have to rent, okay. Oh, I think the rent can go On that credit report So So I'll just have a question because you said you said you just say three day letter Yes, we do three letters. We do we do one 30 days As we collect the cleaning charges on some we do one at 60 And then we do oh a final one This is a hard That's a lot of grace We're we're hoping that like one of the things that we'd like to do is Is make it as a kind of an incentive For our property managers that if they can get something set up In that 90 day period and we haven't got it set up yet But if they can get a payment plan and the money's coming in why not give Those property managers the cut that we can give in the collection agency to make it actually get the money So that is definitely the talks we just haven't Trying to get the practices in place first so So maybe that may be an incentive to actually try and try and keep that connection with the revenue Let me push for that new address new contact The only thing about the 90 day for me, and I know you said there are new laws is that you know We're at a deficit, right? And so as far as units for people to move and need spaces I mean when you call them as units, they're not going to pay they're not going to pay right? Oh, we're not oh, I say my 90 days is like they already left. Oh, they already left Yeah We're not letting them grow to the level that they were growing before before we're going into the world of Notice the vacate Yeah, so we're we're dealing with it on the front end, but it still takes a while But yeah before I guess when we were taking it over there's some huge Of where they were allowing to go what seven eight months Um as financials I won't go into detail on any of them, but um if you guys have any questions We are seeing like based on budget our vacancies are high But our expenditures have a hit at the point where we're in a negative or a lost situation So, um, we're still staying steady pretty much within our budget And not going over those part of that is because when we budget we don't include our 10 of these founders So if you get like some properties, we have 19 10 of these vouchers at one property But those 10 of those 10 of these vouchers go with the 10 So we don't want to budget for those funds if they stay there the entire year. We're obviously going to have the revenue that was Essentially budgeted. So even if our vacancies spike That kind of cushion We talked about that when we presented the budget That's our hedging strategy Do we know why they can choose our high is it because of damages or is it They're not occupying or through some of that And some of it is also the 60 percent units we're having a hard time just even housing those 60 percent finding somebody Backing forward the 60 percent units. Um, that's a struggle especially That was the part of the rush to the leg when houses people can't afford them. Yeah Well, that's That's the change. I mean when you look at the market studies that we're seeing They're saying we're oversaturated at 60 percent AMI Especially for seniors if they're on fixed incomes the 60 percent is way out of range And and so what happened is is when they were taking me through the tax credit world, they were saying We have 30 40 50 but they were Trump is at 60 And for older adults on fixed incomes So There's nothing you can do about that because it seems dumb That if we could rent them at 40 percent, but we are forced by rules to keep them sitting vacant at 60 percent that's You know, I think you're doing better I think you have to weigh it because we have that situation with the old village place for the We're bringing people in that weren't at those levels and then we weren't making enough money to survive so there's There's a there's a balance that you have to because once you put that person in there then they're in there Under that percentage for as long as they're there So, you know, it's not like it's just you can't take it out Because you need the money to come in so I think that's that's a struggle It's just finding out we what we did start doing which we I don't think you do but get the floor is that Now once we get to point we say We don't have to go on our way. It's we were exhausted. I'm waiting. Let's go out to the market Let's see if there's anybody out there in the market Get it in the newspapers get it at other agencies to bring people in That piece I think there is a point where when we get some time to think about again the different hedging strategies to say If you have x percentage of you, you know, if you have 20 units And you have to look at this on the property by property. So if we have a lot of agencies and it's really killing us We would probably want to look at it and go What's the risk of saying you want to bring a 50 into the 60? You can't do that on all of them. And so there's a lot of nuances in this but I Think there's a way to try to do what they were doing in village place They created the problem did not necessarily have the same magnitude of problem that We just haven't had time to I think we've talked about it a few times And some funding sources Right it's got home funds You don't want to put anything other than the actual percentage Correctly so before you say I think that we're We're not overbilled necessarily, but we don't need a lot more 60 Correcting this is consistent with that message we've been here. That's why average income is becoming a big Other So I'll move on into the vouchers So The vouchers right now what we're going to see based on our two-year tool is that at the end of 2023 We'll probably be at 419 vouchers However, by the end of 2024, we're going to reduce our vouchers to about Part of that is So the increase in the family When you add that to 100 vouchers Over a year if HUD doesn't give us no money If we just have to go off what you think they're going to get us next year based on the two-year tool They give us that we're just going to just start sliding our vouchers down because people are the Landlords are going to increase so that's Therefore those vouchers are going to go up. So as we start to lose vouchers Or not lose vouchers as people start to come off we won't be able to Put that voucher back So And and we're also going to see we're going to have to start reducing so we Have Are we having any people porting in their vouchers we do we have about When we got the big chunk of money this last year we had to do up everybody We had just so that we could actually start vouchering up But right now we're not absorbing Now if HUD gives us no money, it might be just But because we don't get more admin When we absorb as well, but right now we're not absorbing It's probably time to start the political conversations with um congressmen and youths um in our framework senators because I think it was hard for us to We started this to have a conversation because of reform wasn't there I think we can very clearly just demonstrate the performance now And I think we're going to have to start pulling the political levers to Try to get more money from but and that'll be something we'll be bringing back to To the board and the council Especially when we get the voluntary compliance agreement checked off and some of these other Those were headwinds coming into this. They had a voluntary compliance agreement. We weren't fully dodged right now They had a lot of headwinds. I think We're starting to Be neutral I think there's some tailwinds in our future And so we're probably getting right to that conversation And we're hoping that because they increase fair market rents So much that they're expecting to create increase people's budgets To accommodate that request because if they don't everybody's going to have to to lose vouchers. So But we won't usually do that That's our calculation Which is about good timing for And this will probably be one at nlc where I will probably go for a little bit If you all especially can get some meetings National cities But we've been with our our reps and our senators So that's That's my report I didn't see so, um edit october about 96 percent occupying us for our units overall Um, just break down some of the vacancy ask them if they had five vacants one did move in three are down for mech Two of those are like that's decamination. So I have contractors walking this week I mean both of them just need a bathroom rebuild to one of the longer room rebuild So hopefully that those will go pretty quickly because the devotion is online by the source of the year The other one is the one that's been down for almost two years. Um, drywall is going in air ducts going in That's what we partnered with habitat and having their contractors come help us Well, this is a map I Ducks by ran across the company that's been doing some work in Pueblo and they have worked with the Pueblo housing authority And the various other housing groups in the southern part of the state And and so we met with them because they are basically They developed a process where Up to a hundred and fifty Is it a hundred and fifty two thousand or two thousand Something about that. Anyway, they actually don't have required to be billed Um, now so the cost of the remediation is more equivalent to Uh, the total demolition cost, but what you actually lose is the rebuilding cost associated with that so um, right now Doug and Lisa are working to get quotes for them to work on Some of the issues that we have on Lisa's property And then some proactive cleaning on some of the city stuff just to see what the process is like And um, if we can give clear evidence that works talk to people in Pueblo We're probably going to adjust how we did Um map of mediation so that Because it's not an apple in orange. If you look at it, it's not it's not apple's apple. It's apple in orange If you if you look at the bid and how you bid it out Um, the companies can come in and say well, here's my cost They'll be lower, but they end up making the demo things Versus they'll come in and say here's our cost and make it avoid the demo No demolish. No demonstrate there. Yeah demo demolish. Yes, and um And so we're going to be trying that out The good part of this is Then when we talk about the vacancy times that we've been dealing with on that unit Dramatically reduces that and so you go from 12 to 15 months to maybe two months Which then helps on the financial side of getting tenants in those properties So we're going to be evaluating that over the next month or so and At the end of the day if it works I think we also have an obligation to know to find a community about this new process because It's not just the housing authority dealing dealing with this private Homeowners and and so we're going to be digging into that. So it's a new methodology for immediate Yeah, I like we've told them stories about where they tell us to remove metal ducking and they were like What why are they telling you to do that? And here's how we clean it and the only ducking that ducking that we Say you have to remove is when the insulation is on the inside of it versus the outside And they clean air conditions where you don't have to Document it evidence not having to replace it. Who expects after that? So they passed inspection just as they would in demolish review That's cool. So You know, you know what you know And you know, it's an interesting story. The guy was friends with your son We found out what they did and said hey, can I meet with you and literally they met and it's like, all right. We need to meet again And um, and they're actually moving to the northern front range and opening an office And uh, they have a strong connection to the community They serve on boards on building affordable housing and attainable and I asked them, is it proprietary and they don't know we're trying to tell everybody else how to do this, but it's just not Generating the income that You know demolition and reconstruction generates And the contract Yeah, and so Yeah, I wasn't it was an interesting learning moment for us A related question to to remediation is are we seeing any changes in the frequency or Occasions of a contamination residents are And we're awakened to this and the risks of their own health and That would be a yes A few months since I've had the need to text that's what that way it looks in the in the numbers Yeah I think they're knowing we're using those method detectors. We're testing them They know sarah's out there on the site changing the battery We're talking about it. We're bringing it up and talking in conversations. So that we're not playing around Turn can talk about their Math detectors in there This also reminds me, you know, one of the things in the conversation that we've come across is that In the majority of cases where you find that You also find that And one of the things that this group that we're talking about also does is they provide trainings for Our maintenance staff and others We're going to need to do that and we're Not only in the lhj side but on the city side starting to really rethink how we're approaching Training for math and more precisely fentanyl and asking ourselves the question doing doing you to start providing our maintenance folks whether they're lhj parts with naloxone and other things just because of Information over the last three weeks that sarah's been talking to me about it's like We're running into some really potentially significant life safety issues and We could talk about why Whether it's basically there's no consistency to how the mixing in that thing with the other drugs So you can have a pill that's perfectly fine and another one is so high that it drops I mean we've seen videos of it dropping through the sauce So we're going to be organizationally Engaging in that subject That's already started trying to figure it out Well, let's say it was a huge conversation NLC in Atlanta and a lot of municipalities are doing this right now A lot so I think for us to make sure that our people are trained We have Is crucial So he says that We're working for our waitlist right now. It's a hard time. A lot of seniors do not want to move in the holidays in the cold so but Well, we're gonna do the waitlist. We're getting new apps every day So it's kind of helping that we're keeping these waitlist open So at least we're not going stagnant and we're not waiting months to having to reopen a waitlist So we have names we're calling For the property updates It's a lot of the same stuff But this time of the seven includes some pictures because we've had a lot of fun activities going on lately So two pages of we've done some military appreciation pet photo ops craft events holiday events. It's um The biggest shock out of all this to me is how the sweets residents are putting together their own activities You get a friend's giving the manager was there and started organizing it and they took over and they're already starting to plan their Christmas one or their Winter celebration at the property the residents are pulling us all together and just asking Ruby to help them coordinate. So And this is really the goal that you all set for us and our goal-studying session about resident engagement And this is giving you a sense and you all know what we're dealing with with the sweets two years ago So I also want to add on that We've done two operational things here recently. First of all, we held an operations retreat a week and a half ago to get The voucher team the property team the maintenance team and finance all together to talk about things that chris crossover everyone and do some More micro goal setting because you have the lha overall goals, but then we really have some More performance related goals that the teams wanted to set for themselves for next year So we did do that and as part of that we finally rolled out the community managers manual So that is in place the community managers all have finders Um, it is complete from front to back. So, um Have a Sort of related question Talking about the sweets and the new permanent support of housing There's a lot of confusion going on among Public and I don't want to take up a huge amount of time because I know everyone wants to get out of here, but Um, people think that we thousands of Units, you know, there's a magazine article about a 900 unit tiny home village Um, that somebody built and they think well, I'm not needs that we wouldn't have any homeless people if we had that and I you know, and I think We may have as much as we Can support of permanent supportive housing between ours and the veterans village and You know, yeah, you can walk around and see homeless people but most of them have no interest so Do we have any information about? How much Of that kind of you know, both permanent and transitional supportive housing A city with the size of long with long much Size of the of the street population Do we have enough do we need more do we have any idea? um, because the last thing we want is is For people to come here because it exists So I we have two sources that we can rely on it doesn't answer the question directly But a little more indirectly We know from our housing needs assessment that are based on our current census data. So those are those that report on the census um That are need for 30 units supportive or not affordable at 30 units is the highest need we have We also know that how many units because when I read that thing I can't tell it's almost 2000 It's 2000 200 below 50 and I'd have to pull it up, but the majority of that was at 30 Okay, um It's also building on cvg data that we've been pulling for a long time to demonstrate these every five years It's kind of cool. I'm writing it together um the second thing we know is that The same developer that did zinnia is doing zinnia is doing bluebird boulder, which is I can't remember how many units I think it's smaller than zinnia I'm sorry 40 40 things Um, they are in lease up right now because they plan to be leased up by january. I think and they're almost there and so They have leased up all 40 of those units in the last but three months um And so we know that That is soaking up a lot of those coming out of coordinated entry through hsbc um But they're obviously there to be soaked up in three three months um and so then All the lessons that they're learning in that lease up we're going to take in virgin zinnia, but We do know those two things that it's only taken that long to lease up that building Um And we know the affordability that we need right so the idea and so I get uh, so zinnia is what 60 55 and There's a big gap between that and thousands So So I think our coordinated entry in hsbc data would tell us the most on that we'd have to pull that The number we There's no One time so the issue with those numbers, I mean not saying that they're not legit, but Forget it, and you know, it's cold. Yeah, you know the weather dependent folks not being around um So I I don't know that number off the top of my head I believe it was it was a lower than what what elever told what we all expected. I think it he said We got 80 And I think that's not we're quite you while we're saying 150 unhoused and then obviously of that who I mean, and so you start pulling that out into it The other component to it is what we learned in the suites and what we corrected for in zinnia and what you well Do the budgets It's not as simple just building units Right. I I guess all of the services and and that's the hardest ones to solve sure and All of that is easy to understand what is not easy to understand is we were the other 900 2000 people coming from if we've got A few hundred people on the streets or are less than 100 from that last point in time But we have residents and we have issues with having an operate their kids living in their apartment Because the kids are home with sitting in the cars and they're in the winter. They're coming into the units I we probably have about 10 of those issues. Is this winter alone? Right. So yeah, so again, how power of those counted, you know, if it's young people living in their parents basement In my mind they're housed That's so it's we do have data from hsbc of those that go through the coordinated entry system We also know that generally nationwide 10 of homelessness is visible 90 of it is this and that is going to be 90% feasibly of the applicants that come in for Um for these first steps for housing. So this is an assumption Based on nationwide data the 90 to 10 But that is because that's incredibly difficult to go by But we do have hsbc data and that's the best that we have plus we know what we see on the waitlist on the bluebird situation And I would also say just because you need a 30 percent unit doesn't mean you're necessarily unhoused And so when Molly talks about meeting You know, 2000 under 50% in any mind the majority of those are probably even 30 Those are people that when I give you the immunology, you know, you have traditionally unhoused you have originally Housed you have people who are living with friends and family That it's it's the aggregate that includes that number technically they may be housed living with friends, but I mean people people with no income living in houses that they own and can't afford to maintain They're about to fall out of this house Or or have income they just can't afford to Pay more than what a 30 percent unit is and I think that's How much is a 30 percent unit? Uh, do you know what's your 30 percent lifetime friends on just one bedroom? I can look at When we were before the pandemic when we were in this more inclusive conversation About housing needs not just about the homeless population, but that was part of And we got we started to get clear on how we segmented that population from seniors Or couchsurfing in you know, what do we know about an aging population? To men and women looking who are abused in a safe safe shelter or the equivalent To moms and dads and families living in cars To our veterans To the homeless population how that segments In my mind at that time we were headed towards Greater clarity on what's the what are the policy considerations? Is it the housing options or the the solutions to the problems or challenges people facing? Are going to be different for every one of those segments So for somebody to say we have we need 900 tiny homes. I I think the question about data is an important one But I think you got to take a step back before you talk about housing type and housing numbers Is what do those segments of the population need and what are the options that we have available? To be responsive to those segments That's for me. That's the starting place So we've never I know at Alberta did a report Cobbled together, you know that that conversation but but we never finished it in my opinion You know, I thought a number of times how useful it would have been In this conversation even right now to say could we go back to that? Because it's it without Without segmenting the population it's hard to have a meaningful conversation about housing types or numbers Yeah, it is And you know what what's happening is getting accusations from the public Why doesn't the one month have anything like this? Well, you know, I don't even know whether what month means anything like this Part of the answer to that is we have just recently got the county to agree to share the data with us And so part of the challenge of that was If they would do you cuts data, we didn't know where we were duplicating This is about a month or whenever I lost my mind on the This was three months ago I'm just meeting Bob Sandy and just lost it They now have an are working to sharing the data and that's actually I think going to give us More clarity on what we're seeing because we can actually do our own analysis on it How do you finish that work help knowing what data or which data are most useful? At what time and to be used in what ways That that work would have really informed Or even Help create the questions with yes, relative to the segments of the population And I just think it's unfortunate There's all kinds of reasons we didn't you know, we didn't get as far with that conversation as I thought we were going to get But I do think um You know march's question is is one of those I think I think it's in the context of better information about segments about Anticipating or projecting the point-in-time study is is a pretty weak unreliable You know, it's a data point on at night, which doesn't give you much Right, and it's the worst of the worst in terms of people who have no resources that there's not even anybody that would like to sleep on their court Well, I think we're going to get to now for the county's data. I can look at what Zach and Sarah and the group we're working on with our Read that we repurposed on the outreach side We can now look at what El Berto is generating to start getting that view It was impossible Without that county data set because that was the hsdc So what's the reason for not wanting to share that? There's a lot of reasons around it like uh, they're modeling on how the federal data set is treated particularly with the law enforcement that the federal data set, they don't want to create a law enforcement tool for the populations because they're trying to serve the populations They don't want to share it because we might arrest somebody based on what they share Yeah, because they're not going to want to share their information if they know that it's going to do a long time So they're modeling off of the how the federal data set has been treated this There's a lot of reasons why this one should should be treated differently and I'm glad to hear Yeah, here's the problem. Here's the thing. We get our data set. We own it. It's like right damn. You do. We're paying money into it We should have access to it and There's some philosophical opinions in this about well, we don't want Sarah to see it Well, in our case, we have reading board that's servicing this part of the community You're automatically assuming that we're going to use it for nefarious purposes so we can go around and people love and arrest them He's coming from commissioners. This is staff Do they hear that from commissioners? Well, it's resolved now I said I said, basically what you're doing is dismantling This collaboration that we've tried to achieve because you're not giving us any value to this And if we can't get it, I'm preparing to go to our council and say this isn't working Because we're not sharing data and I think that's a pretty close pair of phrasing of what it said I believe So basically I was ready to say we're out of the collaborative if you're not going to share your data You know, Harold, I'm just filled with admiration because it's been an unfulfilled Desire and ambition of mine to get to a point where I could lose my mind in a meeting with impunity So congratulations on reaching that point That was nice I was like that was really nice wasn't it? He was like that was pretty much a dog And it needed someone to focus because I think there's just too many people and it was Too great an opportunity to the answer on the issue of never actually touched the middle All right I'll meet any other Just a few updates. I plan our calls for service have been Low steady I plan next month to give a overall maybe the last few years probably three years comparison of calls for service to everyone and go into that a little bit For the end of the year See that detectors we met with the gentleman from New Zealand. He came to the u.s Had I thought a great meeting with them. He brought us another They've changed the platform on them. So they're not using lithium batteries anymore. They're using regular outline batteries They did bring us one of those and we are currently testing that one In one of our copy units at the suites I did already replace the batteries Yeah So stay tuned We are on the meth case as well. We started working on documents for Moving forward with these met detectors with staff. So with the attorneys And that's about it for the meth detectors We're I'm talking to we want to move into the next phase of the analysis. So we're working to get 28 That we're going to put actually in the city restaurants um, and Before we step into the housing That's tying into the work that Doug is doing with the mediation company. So We're going to be we're going to bring them in be very selective of we want to clean Half of the restrooms. We want to not clean half We want to put these in and start seeing how they work in a clean unit and I'm clean unit There are certain facilities that we are cleaning Roosevelt The memorial building And then start learning through what that data looks like and then connecting it to if it goes off To bringing in a hygienist doing the test to to get you know, if it reads this it corresponds to this The the thing you'll see is they don't have the detector stickers on any more We're actually going to put something on the doorway when you go in that says that the detectors are in use They're finding in New Zealand. That's actually as much of a deterrent as anything else And the battery thing, you know, I think you talked to somebody where they like they last about four years And so That's the learning moment is is it the cell system that's doing this? It could be the carrier so it has to hook to the carrier and I think that was with the new device the the pickup initially um So we're problem solving as we go. Isn't it someone like a A uh fire sort of alarm sort of thing because people every six months would change I mean before we had listening in manner, we certainly So it is the same it has gaps in it and it's it's essentially worse So do they make the loud noise or do they just No Hardwire we we ask that question and a lot of it's due to all that and they they want a full tamper proof like System so it basically has a tilt alert like if you take it someone were to take it off the wall Someone were to cover it with a bag There's there's mechanisms set within this alarm itself when a co2 detector has a Hard wire, I mean basically not hard wire, but it plugs into the wall and it has battery Yeah, so um Honestly, the answer is the market's not there for that based on the tampering because you want to mount them up All right, and and that that's part of the issue. It's not like you can plug it into the socket and the wall um And right now the market to purchase these Is four hotels and other things on the boundary and aspect of being very clear They did say to us, you know As we work with them, they will look at a hardwired component from new construction Um, and what else did this oh a different SIM card function? You know, so if we come in and say we're ready to order 300 of these They will develop the SIM card function that we need to work with the city's lcp system Obviously, they're not going to do that for 10 or 20 Um But you know stairs they're already personal So they don't have a lot of municipal customer base. It's growing. So we know that um element has talked to them Jeff co jeff co They've got they have several clients here in Colorado and they they haven't specifically disclosed them but Do we get any break after after we Use them and they get our data and they are able to say hey look in this world In these communities, we hit some sort of uh first servers Yeah Any other questions on that defenders Yeah Last a few more things some fire drills at the senior community did have to cancel the weather when we had the plants or hoping for a good day Spring, you know residents definitely understood. Um, and last but not least, um kudos out to city staff lha staff for basically working Putting a lot of time in to get a woman that's living in the suites currently So i'm the admission doctor for friday. She made some board choices. Um She's been a big dream It's a public safety for several years And a big drain on lha staff. Um, we Were able to get a security deposit negotiated down from $1900 to 300 Thank you Tracy and She is picked the senior community in lachia and i drove first And then i was able to get the 300 dollars from chief sadder's citizen Fund that he had beds club um We got that today. I handed it to the manager and uh, so now she was she's not going to be living in her car Because we were getting very close to her being homeless. So that was a big positive win for us all I think what you heard That's all i have for those sort of next questions Now i'm actually going to use that example You know a lot of people don't see that's the work we're doing on a daily basis and and You know again, it's just another example. Yes, we go through eviction. Yes, we do this All of this stuff occurs Before we ever get to the point where we're like, this is what we have to do and that doesn't get out a lot But i'm glad you said that And then i know um, just to add to that a little bit. There's you know, lisa has several constraints, you know, and I know that the system well enough now Working in the housing industry for so long I know that she has she absolutely we have to do what we need to do as far as lease violations posting eviction, but We were able in this situation to really help this person out It feels it feels right, you know to make sure that she's not getting me living on our streets so Well, thank you You all for what you do So You This this word it's come so far It is uh, yeah, there's no comparisons Thank you for all of your support for all of us even It's been time work. It's worth time there and i've been a bit clear about so The work is too important and beneficiaries are too numerous to not stay the course We did find one thing that was quite funny at our retreat that none of us like told her communication We did a lot of um team building and communication exercises like that to get everybody Crossing over the you know, no silos They want to walk over and talk in person And that means you communicate Like a boomer Everybody take that survey about how you communicate I got us. I think it was Yeah, it came it came to council and We may have been in one of those The leaders email kind of emails, but but it turned out to be a really interesting. I was the prototype for boomers That's what it is. Yeah, I don't know. Well, I communicate like a millennium. So yeah All right, any other commissioner comments? Oh, yeah, I just I do Fair like I handed you that email the other night Tuesday night from home ahead Uh Mary G lord's we're trying to connect with youtube Did you want to do that? I I don't want that. We got it said, okay Erica got it and she set it up. I think I don't know if we were getting it or not getting Um I will admit I got it and I said I'll get right back to you And I eventually but you get a lot of it set up on your plate. It's just if I don't want to Push that they've come back to me a couple times to say, uh, you know, what about this and I said Send another email and you know, because I know we're interested Terrific, thank you. I move me here second I love the favor


Thank you. I'd like to thank the organizers for inviting me to speak. That's always a pleasure and Moving on these are my disclosures I've been given the task of discussing one of my favorite topics, which is the role of adjuvant therapy in kidney cancer and So I'm going to give a brief review of what's going on and what we see as coming in the future so The current adjuvant trials Basically are listed here and I'm going to just go through some of the slides fairly quickly If you attended ASCO this year you heard Ari Belda Grun present the results of the orizer trial which was an antibody to carbonic anhydrase 9 that was infused on a weekly basis for six months and Basically was powered to clear cell carcinoma and I mentioned this because those of you who are younger than age 30 that I saw in there may not know that 10 years ago when we were first talking about developing some of these trials that this was a very important backbone for all of the tyrosine kinase inhibitor trials and It's easy to kind of look back now and say oh gosh. I wish we'd done things different Well, that's why we review these because each time we do a clinical trial I think we get a little bit better at designing them so Moving on this trial had a lot of the same risk categories that we've used for the tyrosine kinase trials and There I bring attention to the Inclusion of a kind of a broad group of tumors t1b and up up to node positive disease So this study was unfortunately not statistically significant And was a negative trial in essence, but I think we learned a lot from this The current adjuvant trials are mainly powered to or mainly a veg f tki Trials and I was the study chair of the assure trial which is shown on this slide here Which is a large trial of over 1900 patients that accrued very rapidly in the US and Canada and Include it was powered to clear cell but also included non-clear cell histology and Saw to answer the question of whether a year of synitinib therapy or a year of seraphinib therapy was Superior to placebo and I mentioned that both arms are compared to placebo rather than to one another I'm going to go through these slides quickly because there's a lot of slides the S-track trial Is an industry trial that was also looking at this space was a 500 patient trial did not include t1b disease and But the rest of high-grade disease and looked at a year of synitinib versus placebo The source trial Answered a somewhat different question and Used a similar population of patients to assure with high risk and an immediate risk disease based on but use the Leibovitz prognostic score as part of the stratification and in this trial patients received Either a year of seraphinib three years of seraphinib or placebo and So it addresses an important duration question that some of the other trials don't address and this one Completed a cruel. I think either late fall or early this year So that's something to look forward to as well the Something's wrong with the mouse here I'll move on the protect trial The the mouse isn't working Basically is the next trial and that just finished a cruel last The summer and what that did is address? whether Pazopinib in this space versus placebo was Efficacious and as I said that completed a cruel just a couple of months ago Somebody needs to help with moving the slide Okay here So here's the project to study design and Finally the Everest trial is ongoing and this is a trial addressing the use of mTOR inhibitors with the primary endpoint of recurrence free survival and this trial Initially was somewhat slow to a crew, but a cruel appears to be picking up and is 551 Out of the 12 18 patients as of right now So what I want to use the rest of the talk is to address issues that I think matter for Adjuvant therapy and they're listed on this slide and I want to just move on to some of the other slides So one of these is the design and scan frequency and you can see that one of the good things about These trial designs is that they're all fairly similar So at the end of the day we can go back and really look at this as a large database there are some subtle differences in scan frequency and The current a way and nccn guidelines do not require scans behind beyond five years and so One question I guess is are we going to get the data in as quickly as we think? If people are forgetting to do scans on a yearly basis after year five The other thing that I think is very important is the is the dose duration and IV or oral formulation and these are the veg FTKI trials ongoing and You can see that some of them are using full dose and some of them have been dose reduced and I'll get back to that in a second and Looking at the common adverse events this slide is data that I have from a sure you can see in the first three columns here Compared to what's in the label for advanced disease for sinitinib and seraphinib and I just want to point out that There were some differences we saw in toxicity predominantly in the skin Toxicity and perhaps less in the human logic and these Changes I think affected tolerability of patients so based on What I'm going to show you on this slide, which was a 14.9% discontinuation to a ease but also a 15% dropout for other reasons which are mainly patient refusal We adjusted the dose of the assure trial to start at a minus one dose level for both synitinib and seraphinib and I meant to Yellow the seraphinib one there as well, but that was 400 milligrams daily and the synitinib was 37.5 if patients did not have a Grade one toxicity then they had a mandatory dose escalation at either Cycle one or I mean after cycle one or cycle two and the same was done for source and protect so I think that the modification did affect did improve retention and Decrease dropout for the assure trial and I and communication tells me that the same was true for protect and for source So the strategy works, but the issue is really do we use that dose is the adjuvant dose different from the advanced dose Do we use all of these? Lower grade tumors as well as the higher grade tumors are these sorts of things ultimately going to affect the answers to these trials and Right now we have eight trials ongoing the AGUO is basically a trial in China collecting some more data on seraphinib But the other ones the other ongoing one is the Atlas trial, which I think I yeah I did put in here, which is three years of exit nib and These are some of the proposed studies that we're doing an assure with the Database and what I want to mention with all these trials is this is a tremendous resource with which to I think Pull the data and really you know both clinically and Relatively look at things so we have over 1,300 tumor blocks for a sure We have 16,000 blood samples at multiple time points, and we have 7,000 year urine samples so anybody who's Who wants to do? correlative work in this Can submit a proposal to ecog and I think that this is a nice database with which to validate studies This is what Tim Eisen has reported so far and source, which is the identification of a susceptibility marker Zeb 2 and that is in press so Tim has a nice sample set as well and Just in the last minute. I'd like to just address Since there are new agents available mainly the checkpoint inhibitors and some other interesting small molecules and we now have data from the TCGA as well as from some of the other groups Sequencing tumor and we know that there are some interesting Genes such as BAP 1 and set D2 might these be things that we will be able to Apply to this population in the future and future trial design We previously looked at immunotherapy trials. These are trials that were conducted before the era of TKI They were all negative trials, but it was a different era and one Provocative question is tumor was not present at the time of immunotherapy administration, so based on this in the PD 1 information that's available we have One approach is an approach that we've been developing at ecog which is looking at a neo adjuvant design of Patients with tumors greater than four centimeters who would be Acceptable candidates to have core biopsies followed by adjuvant PD 1 therapy followed by nephrectomy and a control arm in which patients have both core biopsies and if they have high enough risk disease are able to receive PD 1 afterwards and the purpose of this design would be to ask Both address safety and tolerability in the perioperative setting But also to learn some important control issues with core biopsies versus resection biopsies are they representative and to have an internal control of non-treatment versus treatment so this is one approach that we've taken at ecog and another approach that we've been moving forward with ecog is and And and hope to collaborate with the other cooperative groups in this is a phase 3 trial also using an anti PD 1 approach in which we check in in which we Address a question that appears to be front and center Which is do you need to have tumor intact when you administer these agents to really get a good Response and so this is a trial design where patients would get both pre-operative and post-operative PD 1 therapy and The you know it would be either a placebo or an observation arm and so given the time constraints I will end here and just say that we have some really large clinical data sets We have a very large tissue repository and I think there are some exciting new agents out there And as you heard yesterday with the discussion of some of these new chromatin Modulating genes there may be some glimmers of ways that we can refine risk in renal cell and Direct that forward into new adjuvant trials. So I thank you for your attention


It's up everyone. I got rid of my beard over the weekend. I kind of got bored of it.  So today is Monday, May 11th at 8 20 a.m. So let's go through it right m r a m. So this is the stock that ran on Friday So what I'm looking for honestly to keep it very simple is I'm looking at the five whole dollar mark too short I'm looking too short a pop towards this line in the 5 30s and looking to short kind of this line in the 5 60s So ideally 5 5 30s 5 60s for this kind of low-hanging fruit PSTI I kind of screwed this up on Friday But I see some resistance at $10. So hopefully we get a push towards this red to green $10 mark So it's gonna be kind of like a low-hanging fruit watch A-pop is a potential hot chick of the day You could see that every time it runs on volume kind of likes to pull back But that hasn't stopped it from squeezing out first As you could see early pre-market, they've kind of already squeezed a bunch of people out Let me just use this chart because I have all my lines drawn So what I see in the morning is hopefully what I want is I want this to wash out I want to tank and then I want to short kind of a bounce coming back But if we get a morning pop towards this 550 570s level, I'll take a small 30% short with a stop at 6 But ideally my goal is either pops towards 550 get some 30% size on onto the pop Kind of scalp it but the best trade is gonna come when it tanks, right? We want it to tank ideally to like 460 and then bounce to 5 for us to short it So I'm gonna watch that for when it tanks ZKIN, honestly, I have no idea what the stock is gonna do. I see some resistance here in the 178 level It could just pop and tank. I'm not really that interested in it I'm just kind of keeping it on watch just in case it does something And last but not least is this AMC. They have Amazon in a PR I think there's rumors that Amazon's gonna buy them I don't know if it's true. It doesn't matter if it's true But any time a company like this has a Rumor like this with a billion dollar trillion dollar company. It's very pumpable So they'll find ways to pump this news. So for me, I don't really want to be involved in it Sure, it could tank sure it could bounce. I mean sure it could tank sure it could bounce But for me personally whenever there's Amazon Walmart Microsoft or some shit in the PR I want to kind of stay safe from it and avoid it Today's Monday, so I do a YouTube live recap Later today at 11 And yeah guys if you guys have any questions you could message me in chat Let me see if there's anything else to make note of so the accelerator course The final version is available for lifetime members We're shooting for later this week or early next week launch for annual members So check that out. It's in the video library if you want to look at it And yeah, if you have any questions about trading you could text Tasha two one three four five eight five nine nine seven I'm gonna do a secret word today at the end of the video to make sure that you guys watch till the end Today's secret video is beard So I will see you guys in the room and I will see you guys at 11 for the weekend