The Joplin City Council held a work session on Monday, February 10, 2025, beginning at approximately 11:45 AM. Two major items were discussed: a report on pursuing Community Development Financial Institution (CDFI) certification and a comprehensive update on homelessness-related efforts across multiple city departments. No formal votes were taken; the session served as a briefing and discussion to guide future administrative and legislative actions.
Pathways to CDFI Certification
Homelessness Update
This is the Joplin City Council work session for Monday, February the 10th, 2025. We have two items on the agenda tonight. And the first one is Pathways to CDFI certification report. Troy, are you going to kick us off? Yeah, I'll uh I'll kick it off. I'll be very brief. We have a team member who lives in Kansas City. Probably needs to get back as soon as possible because they're experiencing some weather up there tonight. So he's not afraid of any snow, is he? I mean he lives in Kansas City. Yeah, no. And he didn't have a Jeep. But anyway, um last year if you remember you gave us permission uh to look at creating a CDFI for Joplin, and that's a community development financial institution program. And they in a nutshell, it's you know, you have to keep it simple for me, but it's a way to encourage private investment in areas that don't typically see private investment because of the risk. So this program really helps mitigate that risk to encourage that private investment. It can be a complicated program to understand. Um communities that have adopted it have done very well with it. Um it's through the Department of Treasury. Um with your blessing, we believe we have a path forward tonight. Um I'll have the team present it and then we can discuss and answer questions. We want to move forward. We believe there is an opportunity to get funding or grant opportunity for funding uh to get technical uh help and um to help start it so we can discuss that as well. But we've had some great knowledge on this team. I'd like to thank their participation. Um first I'd like to thank Chris Vukas with AltCop out of Kansas City, Missouri. He has much experience with this type of program, and he brings that midwalls knowledge to the team as well. Uh, we also have other experts on our team. Uh one of them is Craig Stanley. He is joining us virtually tonight since he is out of California. That he has brought over one billion dollars into the distressed communities through this type of program. So glad to have him on our team as well. Uh our local experts is Rob O'Brien and some of his housing team members has helped us with this program. Uh we didn't pay Rob, but he's helped us quite a bit. He he did it for free just because he cares about Joplin. So we appreciate this. And I can't forget uh Thomas Walters, uh, our community development planner for the sea of Joplin. He's had experience with this program when he worked in Kansas City, and so I appointed him project manager, and he did an outstanding job as well. So um we'll go ahead and start the presentation and we'll answer any questions you may have afterwards, and if you want to move forward, uh we can discuss that as well. So I'll hand it off to Thomas. All right, outstanding. Good evening, Mr. Walters. Uh thank you, counsel. Just really quickly before I have the experts speak, just a little recap of why we got here. Um, as we mentioned, we had a group, uh a housing group, uh kind of looking at our needs and assessing our what we have and where we it's insufficient. Um, you know, currently we have a great deal of investment going on with ARPA. ARPA's gonna end. So what is next? And what is something we can solidify institutionalize resources for our communities to adapt and use. So as we're speaking, this came out of housing, but we looked at it from a more diversified area.