We are going to call to order today's Fort Worth Housing Finance Corporation meeting.

Um first order of business is approval of minutes to have a motion.

All those in favor?

Any opposed?

All right, motion carries.

Next we have written reports.

If there's any questions, Matthew uh Moderno.

I'm sorry, um Mondero is here for any questions.

Any questions?

None seeing none.

Okay.

Now we're gonna move on to our action item.

First action item is to consider and adopt a resolution authorizing the sale of 2511 Mitchell Boulevard and Casey Best is here to present.

Yes, um, so this is an exciting one for us.

This is the um, and we do have Matt Maddox who is here representing the buyer if there are any questions, but this is the um sell of a property.

This is one of our larger properties that we've had for the HFC, and it will be we purchased it in 2009 for $57,000.

The TAD appraised value is $135,000.

And to get to kind of the end point, it is appraised for $808,000, which is a 14-time return on our investment.

Um it's 2.65 acres, and it will allow us to buy some additional lots that we can use later for single family housing.

Um the buyer is going to it's Baylor Scott and White with Emheris.

They have a partnership where they um work together to build the property and then also manage it.

This is in Renaissance Square, it will be an emergency hospital, and I don't know that I have to go through and um sell you all on Bader Scott White.

They've been in Fort Worth for quite a while and do good work here in the city.

Um for this particular hospital is part of their expansion plans.

This is one of four hospitals that they have um that they're looking to develop in the Dallas Fort Worth area.

It will be 20,000 square feet.

It is intended to be a 24-7 um operations with 16 rooms and beds providing emergency care facilities, which is needed for that Renaissance Square area, which also is part of our new Mitchell neighborhood improvement program.

These are some of the proposed building renderings.

As far as the details of the sale, it will be sold as is.

The Fort Worth Housing Finance Corporation will retain the mineral rights.

The buyer will pay all closing costs.

We did get an official appraisal, which is how we got to that $808,000.

Um, and our recommendation is that we you all approve the sale of the property.

As mentioned, our team, if the sale goes through, our team is working on a plan to begin identifying new lots that we can purchase with these proceeds.

Any questions?

Oh, I don't have a question.

I just want to have some comments.

I'm really excited about this project.

Thank you for the work that you done and uh city staff that did when I met with the leadership with Baylor All Saints.

Uh, they were extremely excited about coming on the east side of Fort Worth.

And I will tell you when I first ran for office many many years ago.

Um, we talked about I 35 and a divider between uh West Fort Worth and East Fort Worth opportunities versus no opportunities, and to bring a hospital.

This is a hospital uh that will be 24-7 to serve all of Fort Worth, but definitely serving those who need it the most on the east side of Fort Worth.

So I'm extremely excited about this project uh coming to Fort Worth uh to the east side of Fort Worth, and they're ready to bring these essential services.

Thank you again, city staff for the work you guys did.

Do we need to vote on this?

Well, we've got one more.

Okay.

You want to go ahead and I was gonna take a motion.

I was just gonna wait, but since we're breaking, so first I need a motion on the action item for 2511 Mitchell Boulevard.

Second, all is in favor, any opposed?

Motion carries.

Next, I need uh a motion on the Renaissance Square Emergency Hospital.

That's right.

I'm sorry.

Just take a motion for it's the same one.

Yes, okay.

Sorry.

All right, we're keeping on moving.

All right, next up we have sorry, my agenda keeps next up.

We have consider and adopt a resolution for the sale of four lots in council district eight at 1301 East Cannon Street.

And for this item, we don't have a presentation.

These are actually four lots that you all approve us to sell back in May of 2025.

At the time we sold it to Brighter Outlook, they are requesting that we actually sell it to Hope Outlook instead.

And so the action item would be to change the buyer from brighter outlook to hope outlook.

But the HFC has already approved the sell of these lots.

Who is Hope Outlook?

Yeah, that was my question.

Yes.

So Hope Outlook is another entity that I can't think of his name.

Hold on.

Yes, there he is.

Thank you.

Yes.

Reverend, is this a DBA under Brighter Outlook or this is a separate entity that we collaborate on other properties together we have over the last several years.

We built homes together.

Matter of fact, just finished two homes in the stop six community there on Dunbar Street.

But we had been communicating with Joshua for the last oh since the original sale was.

And so we wanted to make sure that we had an understanding that Hope Outlook will do the financing and the funding for this.

And we've sent all the necessary documents in as well as the properties that Hope Outlook have done before.

Pastor Jack Teela, who's sitting behind me as well, give leadership and has given leadership to Hope Outlook in the South side of this city for the last several years.

He's the pastor of the Harvey Avenue Baptist Church.

And so but we worked on other projects, and where as I stated in the very beginning, I didn't want there to be any misunderstanding that this was going to be a joint collaboration, but a lot of the finance and funding for this these four properties will be coming from Hope Outlook versus Brighter Outlook.

And I'm here to answer any questions anybody may have.

I know Reverend Tealer, I'm just not familiar with Hope Outlook.

We're also aligned with world uh world vision.

Uh we are we serve as a hub in the community of Fort Worth.

Uh we uh we get an 18 willer full of uh products of uh different types of we were getting it from Costco and uh uh uh each month their returns.

Now we're getting from Amazon, and what we do we we call it Hallelujah Day.

We have drive-throughs people come in, and so we keep uh uh products at our at our church.

Uh we designed Hope Outlook because a lot of agencies will not give to churches, particularly, so we have a nonprofit.

And I started and created it.

And so what we do, uh we have emergencies uh situations.

Uh for instance, if you have a fire uh family, uh so we're able to give them uh air mattresses.

Uh we're able to get them started in the uh with air mattresses, uh uh, you know, pots and pans and stuff to get to get them started off if the house burns down or whatever, blankets and so on and so forth to get them started again.

We also are able to help uh uh better women homes and stuff when they come out there, we can get them started with different things of that nature.

We also provide uh you know uniforms, clothing, and different different different type of things to help the community in our community.

That's what Hope Outlook does.

And so uh uh in general, we do that.

We are also in the process of building uh uh the uh community center uh right now.

We the plans are in front of the city, in front of the city as we speak right now to help uh the youth and the seniors in our city.

Uh so building houses uh uh for uh uh single uh single family members.

I was raised by uh my mother, she was a single uh parent, and I know how difficult and how hard it is.

God has truly blessed me, brought me from not enough to just enough to more than enough.

God has truly blessed me.

And so in this endeavor helping Pastor Datcher down through the years, we have grown together and worked together.

And so building these houses have connections, and I own quite a I own a lot of rent houses in Fort Worth.

I think and uh and so council member make the prices uh affordable for people that are way below the prices that they uh can afford.

I appreciate that.

I think Councilmember Hill has a question.

Case is really for Casey.

Thank you.

Sorry, thank you.

Oh, I think Casey question answered.

I have a question for Casey.

Casey, this Hope Outlook they're on the approved list from the city to be developers, correct?

We don't have an established at least our department.

We do have um different developers that we work with.

We are requiring them to do like in terms of all of the affordability requirements that writer outlook would have been required to do, they would be required to under this cell.

Okay, I was just confused with on the on the item it says to help outlook order and approved a related entity.

So I didn't know if there was an approval process or they were already no, that means the HFC would need to approve the entity before they could buy it.

Okay, got it.

Thank you.

Yes.

Councilman.

Yes.

Uh Casey.

Um I have a little concern here because I think one of the process that's what Macy was getting to is we kind of work with the council member to kind of determine um the development that comes to the district.

And I'm very involved in all affordability that comes to district eight.

And I've worked with uh Mr.

Pastor Datcher.

Uh I was not aware of this change.

And I think that all fairness, we need to have a meeting uh so we can see the uh quality and the property that's gonna be built here.

And so I think it's important that when we have some like this type of change, we should have the council members should be briefed on it prior to coming to the meeting.

So I'm gonna make a motion uh to continue.

I'm gonna make a motion, hold on, Pastor Detra, to continue this to the next um uh housing finance.

So I can have opportunity to meet with Hope and uh Brent Outlook and City Staff.

Yes.

All those in favor?

Any opposed?

All right, the motion um is continued to the next housing finance corporation meeting.

Um last but not least, we have the consideration and adoption of a resolution authorizing the purchase of six foreclosed caught uh lots in council districts five and eight.

All right, Casey best, yes, thank you.

Sorry about that.

We will definitely follow up with you, Councilmember Nettles on that sale.

All right, so our next item.

So this is another um exciting advancement for the HFC.

This is the first time that we are actually purchasing single family um new sync lots that can be used for single family development.

Um we have worked with our city's property management department to identify tax foreclosed properties in the city that we think would be good sites for single family infield development.

And so we are looking to purchase several different lots.

Umce we purchase these lots, we will include these.

You all may recall a few months back, we presented a single family infield um program where we discussed that we would do our request for proposals twice a year to sell off existing lots that the HFC is holding.

And so these lots would be included as part of that process.

Um there are lots they are in council districts five and eight.

Um total price of about a hundred and fifty thousand dollars when we include our contingency costs, all are currently zoned for single family residential.

Most of the lots are between seven and nine thousand square feet.

We do have one large um lot on Evans Avenue.

Um, and so you'll see those represented there.

This slide here shows a map of the different locations.

Um, and they're kind of clustered off of the um Carver Heights stop six area and then also Morningside area.

And that is it for that one.

Yes.

Do I have any questions on this particular item?

I have a question.

And I would add that if the HFC approves this um the HFC acquiring these lots, property management would then do a subsequent mayor and council communication getting approval to sell the lots to the HFC.

Go ahead, Mayor.

I'm just making sure the one lot in District 8 on Evans Avenue that says it's 25,000 square feet.

Is that correct?

That is because the sales price, tad value all looks about the same.

It's A5, and it's A5.

Um I will confirm that now.

Okay.

Um I'm fine no matter what.

I just was curious about that.

Any other questions?

I have a question.

Casey, um, how big is the list of foreclosed properties that we were considering from the cities?

Oh, I don't know the exact number, but we did look at all of the lots that um property management had.

We also worked with um community land trusts because they've gotten uh they've done a lot of work to look at different areas in Fort Worth that would be suitable for single family infield development.

So we took the lot, the list of lots from property management and then work with community land trust to identify the ones that we thought would be most um advantageous for development.

Okay, and so the the shape that the house the structure is in, is it usually in poor shape and will need to be demolished or just like small repairs or what what is that?

These are actually um lots.

So these are okay, vacant lots.

Oh correct, yes.

Oh thank you.

Okay, any other questions?

Do I have a motion?

Are we HFC for approval?

Can I have a question before?

I thought we were done.

Are you gonna verify the lot size or that just doesn't matter?

I'm just asking.

Well, I just Googled it.

The prices that's correct.

Okay.

Are we all good?

We have a motion.

Do we have a second?

All those in favor?

Any opposed?

Motion carries.

Do we have any future agenda items?

Seeing none, there is no need for executive session.

Motion move to adjourn.