Regular Called Meeting of the Bond Oversight Committee February 21st, 2024, 2:00 P.M to 4:00 P.M Austin City Hall, Boards & Commissions Room 1101 301 W 2nd Street, Austin TX 78701 Some members of the BOARD/COMMISSION may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live Public comment will be allowed in-person or remotely via telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely, call or email Nicole Hernandez, 512-974-7644, nicole.hernandez@austintexas.gov CURRENT COMMISSIONERS: Charles Curry, Chair John McNabb, Vice Chair Ramiro Diaz Stephen Gonzalez Francoise Luca CALL TO ORDER AGENDA Edward McHorse Santiago Rodriguez Kristen Weaver Nicole Wren PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission on APPROVAL OF MINUTES January 17, 2024. . DISCUSSION ITEMS 2. Presentation regarding The Affordable Housing Bond Program by, Awais Azhar, Deputy Director, HousingWorks Austin 3. Discussion of feedback on the Municipal Capital Project Public Dashboard presented January 17, 2024 4. Discussion on the creation of a Capital Improvement Projects (CIP) report that show projects behind their planned execution date schedule 5.Discussion on the possible actions of the Bond Oversight Commissions role in recommendation to Council on the timing of bond elections FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; TTY users’ route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512-974-7644.
HousingWorks Austin Affordable Housing Bonds www.housingworksaustin.org Awais Azhar (Av-es), awais@housingworksaustin.org Deputy Director HousingWorks Austin Median Family Income (MFI) City of Austin Strategic Housing Blueprint Affordable Housing Bond Priorities • • • • Affordable Housing Bond Background • • • Homes created through the 2006, 2013, and 2018 Affordable Housing Bonds 8,363 6,623 4,456 Total homes built Affordable homes for renter households earning $93,450 or less Affordable homes for renter households earning $58,400 or less 583 575 173 Affordable homes for owner households earning $93,450 Homes dedicated to Permanent Supportive Housing Homes assisted using Home Repair Program in the past fiscal year Land Acquisition • • • • • • • Economic Impact of the 2013 2018 Affordable Housing Bonds Built and rehabilitated 4,370 homes ~3,700 deeply affordable, including 830 permanent supportive homes~ $1.08 billion total construction impact Leveraged $790 million additional funds Added 7,460 jobs Bought supplies Workers spent $609 million in earnings Households living in the new affordable units saved $18.5 million Generated almost $60 million through operations and maintenance Workers spent over $42 million in income per year Employed over 700 workers, including 300 for supportive services Total ongoing impact of $101.3 million per year Generated $25 million by providing supportive services For further information go to: https://tinyurl.com/2p8j66jf 3
Bond Oversight Commission Discussion Items February 21, 2024 Executive Lead: Stephen Grace, PE Assistant Director Capital Delivery Services “Effectively and Efficiently Deliver Quality Projects with the Concept of Speed” 1 Discussion Items • Capital Projects Dashboard Feedback? • Sortable/Filterable • Tied to eCapris/Working Project Management Information System • “Late” Capital Project Report • In Development, Gaps in Historic Data • Discussion on Possible Actions in Support of Commission Work Plan City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 2
Bond Oversight Commission REGULAR CALLED MEETING MINUTES WEDNESDAY, February 21, 2024 The Bond Oversight Commission convened in a Regular meeting on Wednesday, January 17, 2024, at 301 W. 2nd Street in Austin, Texas. Chair Charles Curry called the Bond Oversight Meeting to order at 2:00 p.m. Board Members/Commissioners in Attendance: Charles Curry, Chair John McNabb, Vice Chair Ramiro Diaz Edward McHorse Kristen Weaver Board Members/Commissioners in Attendance Remotely: Stephen Gonzalez Francoise Luca Santiago Rodriguez PUBLIC COMMUNICATION: GENERAL None APPROVAL OF MINUTES 1. Approve the minutes of the Bond Oversight Commission Regular meeting on January 17, 2024. The minutes from the meeting of January 17, 2024, were approved on Commissioner John McNabb’s motion, Commissioner Ramiro Diaz’s second on an 8-0 vote with Commissioner Nicole Wren absent. 1 3. 4. 5. DISCUSSION ITEMS 2. Presentation regarding The Affordable Housing Bond Program by, Awais Azhar, Deputy Director, HousingWorks Austin. Discussion on the City of Austin’s 2006/2013/2018 Affordable Housing Bonds presentation its progress on projects, where funds have been spent throughout the City and eligibility for the program. Discussion of feedback on the Municipal Capital Project Public Dashboard presented January 17, 2024 Discussion on how CDS plans to build out new dashboard with framework similar to DTX Dashboard. The new CDS dashboard will be able to provide information on how bond funds are being used, funds available, and cost and schedule variances. Discussion on the creation of a Capital Improvement Projects (CIP) report that shows projects behind their planned execution date schedule. Discussion on proposing a work plan for the Bond Oversight Commission to expand the bigger picture of projects that are not on schedule. Discussion on the possible actions of the Bond Oversight Commissions role in recommendation to Council on the timing of bond elections Discussion on possible actions of the Commission’s role led to a consensus that a presentation and dialogue with the Financial Services Department will be informative and help the Commission develop a work plan for the remaining FY24 meetings. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; …
