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So here's our vision and six years we have identified five activities that will help us identify barriers to affordable housing production and equitable access to housing. It will push new subsidy to our developers and increase housing units, and it will streamline and simplify our housing production. And I'll just give you a quick overview of each activity in case you didn't read. The 65 pages before I came. Activity one. Activity one is an internal assessment of city processes. So a big piece of this grant is looking inside you look inside your house before you go outside and we take care of business inside and so the grant strongly suggest that we look at permitting zoning code and land use and so that is activity one. We propose with this funding, we will hire a consultant to do that evaluation for us. And we have left money in the budget in case the consultant recommends additional staff be hired in any of those places. The ultimate goal of this is to improve the ease and access to housing production. Activity two is all about the data. And so our activity is called housing production and implementation plan. We're partnering with growth management and our equity department. We recognize that that real crux of not having been specific data, and I'm just going to give you a really quick example. As I was writing the grant, I wanted to see how does Ben's homeownership rate compare by race to state and to the nation. I could find data and from the state of Oregon, I could find data from Deschutes County, but federal data was available in 2010 and not 2020. And there's no Ben's specific data. And so the whole crux of this activity is we will be working with Andres and his department to get better specific data. The initial step of that is to get a baseline we need to understand what our situation is and then get that baseline data. Once we have that we can identify what the barriers really are and then make an actual plan which is this housing production implementation plan. Activity three is to establish a new fund for development. I think our community partners are very excited to see this. This is almost $8 million that we're proposing to create a new housing fund regularly and we have situations when we have our annual application cycle we have so many more millions of dollars of requests than we have funding to give and that results in underfunded projects or rejected projects. This fund will fund land acquisition it'll fund infrastructure and something that is new our other funding sources don't fund this is new home construction. So this will be a really great opportunity for our partners to develop more affordable housing and we'll partner it with affordable housing and CDBG funds.
activity four, we are planning an activity that will expand incentives and subsidies. There's different things that we'll be looking at tax credits. Homebuyer Assistance with respect to equity, the state of Oregon is doing different projects where depending on outcomes of historic inequities with lending or with housing, they offer additional downpayment assistance. So we'll be looking with the state to find out how we can potentially implement that into our our programs. In addition, the LA HTC program is something that has been underutilized in the city of Bend because it has a pretty big requirement that you have In person sponsor. We haven't had a funding source significant in Ben to be a sponsor for that. So we are looking at options for co sponsorship. Maybe developers could consider applying for this fund as co sponsorship. And lastly, activity five will streamline and simplify housing production. I'm excited to talk about this one. We know that our developers alone can't make all the dents that we need and the number of units to build and we're looking to community participation. So that is building an adu in your backyard or maybe a duplex but we know that development is hard to navigate, even as a professional developer, let alone a community member. So this activity will work to develop systems to help the average community member join us in the housing production.
here's our timeline. Most of the work will start pretty quickly in 2024 and taper as the project timeline goes on. I would like you to know that each activity though has a milestone or a check in so that we can readjust and reevaluate if needed. The total project cost for this, all of these activities is just over 19 million. We're requesting $10 million from HUD and we are matching almost dollar to dollar with City of Bend funds. So a big requirement of this grant or a large section of points is for leverage and how we're able to do that is with our affordable housing fund, annual CDBG funds and other city funds. 
evening Council. I'm trying to make this as quick and simple as I can. So I'm here to talk about the transportation system development list. To amend it as back here in I believe June, doing a quick amendment and this one, some more background. It's a fiscally constrained list. It was done in 2011 for the SEC methodology. We're currently working on our new methodology right now. And you can see the recent amendments like I mentioned, we did timber yards, Parkside place and ODOT back in June of this year. This one is to bring one project onto the list and this is to help with development needs for the Gateway project that was done earlier this year and also for the future Caraway project up north, I believe is also on 20 Council. And in order to bring this project on the list, we have to take the the equal amount off of the list as well. And so these projects the reasoning for bringing these projects off of the list. They're either already completed they're going to be done by ODOT. Or they're on the geo bond, the 2020 geo bond.