Special Board of Aldermen 10-27-2020 Page 16
Director Marchant
So | think one of the critical pieces of this if you get into the report is the recommendations being able to
use some, maybe the affordable housing trust fund, or some other mechanism with our rental rehab
program to as we invest in rehab units, that we add that long term affordability clause to them to try and
help balance the rehabilitation with properties without necessarily losing affordability. So | think that there’s
some good tools that Eric suggested about how to balance some of those reinvestments in our community
while also not losing the affordable housing that exists.
President Wilshire
Any other Alderman have any questions? Seeing none, thank you Mr. Halvorsen, Director Marchant,
Director Cummings, for your presentation this evening. We do have our next meeting in about 3 minutes.
So thank you very much for being here and we appreciate your input on this great study.
Mr. Halvorsen
Thank you all so much.
Alderwoman Lu
Excuse me, Madam President?
President Wilshire
Yes?
Alderwoman Lu
Are we taking questions from the public tonight?
President Wilshire
No, this was a presentation to the Board tonight.
Alderwoman Lu
| see.
President Wilshire
The pubic is welcome to you know send along any questions they may have and I’m sure we will be happy
to get them answered.
Alderwoman Lu
| see, thank you.
President Wilshire
Thank you. Alderman O’Brien?
