Accessible to the public.

The city council will be conducting this hearing via two.

The hearing is being recorded.

It is also being live streamed at Boston.gov backslash city-council-tv and broadcast on the experiment channel 8, RCN channel 82, IOS Channel 964.

Brandon comments may be sent to the committee email.

Um at CCC.plan DEV at COSSA.gov and will be made part of the record and available to all counselors.

Public testimony will be taken at the end of this hearing.

Individuals will be called on to testify in the order which they have formed up, and they will have two minutes to testify.

If you wish to sign up for public testimony and have not done so, please email our central staff liaison rock cob at ron.gov for the Zoom link and your name will be added to the list.

Today's hearing is on Docket 0968, an order authorizing the City of Austin Office of Housing to accept and expend $30 million from the inclusionary development policy fund.

This matter was sponsored by Mayor Michelle Lou and is referred to the committee on May 13, 2026.

Today, I don't have any of my council colleagues' list just yet, and I don't have any letters of absence.

If that changes, I will um let everyone know.

Good morning, everyone.

Thank you to everyone who has joined us.

Today we are here to consider an order authorizing the mayor's office of housing to accept and expand 30 million inclusionary development policy fund.

Inclusionary zoning was established in 2000 to support the reduction and preservation of affordable housing through new market rate development.

And the mayor's office of housing has overseen the administration administration of IDP funds since 2013.

I would like to thank the officials joining us this morning from the mayor's office of housing, Rick Wilson, Christine O'Keefe, and Andy Feldman, as well as many staff members who stewarded affordable housing investments through the IDP fund over the years.

Thank you for your work to support affordable housing in Boston.

And I'd be remiss if I didn't mention Chief Gilly Dell, who's been a leader in our um in our um city, and um I look forward to um chatting with her about you know everything that we're gonna be able to do with this money.

Um I'm looking forward to discussing this work as well as the process and the impact of these investments because the council's consideration of this authority authorization provides an important opportunity for oversight, but also excitement about what's coming to our neighborhoods.

Residents across Boston are struggling to pay their rent and find housing they can afford.

We are facing a challenging moment with economic pressures that every city across the country is also facing.

That means we also use to have to use every tool in the toolbox to support housing our um city urgently needs.

We must continue to think proactively and properly about how we can support residents' ability to live in the city affordably, IDP is part of that, and um there are many policies that contribute to the school and look forward to understanding the role that inclusionaries are in place in our housing strategy this morning.

So um, first work uh we have been joined by counselor ed clan.

Welcome, council.

Um, we are going to go to um the panel who is going to present a series of slides and then we'll get into questions.

And obviously, I said this before, but I'm losing my voice, so um, so as much as you guys can talk, the better.

Thank you.

Thank you, counselor.

Um, I'm gonna share my screen.

Hopefully that worked.

Yes, we can see it.

All right.

Um, good morning, uh, counselors, and thank you for having us here today.

Uh, for the record, my name is Rick Wilson.

I'm the director of administration and finance at the Mayor's Office of Housing, uh, and I'm joined by Christina O'Keefe, the director of neighborhood housing development, uh, and defilement housing policy manager at MOH.

We're here today requesting your approval to accept and expand up to 30 million dollars in inclusionary development policy or IDP fund revenue.

Um, revenue is a result of the city's inclusionary development policy, which requires that developers of private residential buildings with 10 or more units.

Um, create affordable housing units on site uh or off-site or contribute to the IDP fund pursuant to a formula.

Um if the project is meeting the IDP requirement by providing units on site, um in other words, in the same building.

13% of the units must be set aside as income restricted.

If the project is providing units off-site or making a payment in lieu of units.

Um the requirement is 15% or 180% income restricted depending on the zone.

And the payment in lieu of unit formula also varies by zone from $200,000 to $380,000 per unit.

IDP, as you mentioned, Council, IDP was first implemented in 2000 and has been updated several times over the years.

MOH took over administration of the IDP fund from the BPDA in 2014 and took over implementation administration of all other aspects of the IDP program in 2024.

And just to clarify, you know, we're talking about why we're talking about IDP and not inclusionary zoning or IZ, is because the revenue that we're considering today is being generated by projects subject to IDP, not IZ.

So as I mentioned, IDP fund revenue comes from payments in lieu of units on site or off site, which are, and those payments are typically made in installments, and also from smaller one-time partial unit payments that result from the calculation of the number of required units.

IDP fund revenue can be used for the creation and preservation of long-term affordable housing units.

IDP fund units can be homeownership, rental, cooperative, or other forms of permanent and transitional housing, and all IDP fund units are subject to an affordable housing restriction.

As far as income targeting goes, rental units created using IDP funds have a maximum income limit of 70% of the area median income or AMI, although many units are restricted to lower incomes.

Homeownership units can be can go up to 100% of AMI, although with any within any given project, at least 50% of the units must be restricted to 80% AMI or less.

For the administration of the fund, MOH tracks, we're responsible for tracking and invoicing IDP fund obligations.

Treasury department receives and deposits those funds.

MOH is responsible for awarding and dispersing funds competitively to projects through our annual funding round, disposition processes, or special initiatives like the acquisition opportunity program.

This slide shows the impact of the inclusionary development policy since its inception.

These numbers here are units permitted or completed.