Welcome all.

We're going to start our meeting today.

The first order of business is to wish our city city manager happy birthday.

All right.

All right.

So Mr.

Mayor, members of council, the first briefing will be provided by Quincy White, who is the president and CEO of BBCDC.

He's been a brief city council on update on the CDC and also their fundraising campaign.

So Quincy, come on up.

Good afternoon.

Okay.

All right.

Good afternoon, Mr.

Mayor, Madam Vice Mayor, Mr.

Manager, and members of City Council.

Again, my name is Quincy White.

I'm the president and CEO of the Virginia Beach Community Development Corporation.

And we thank you for the opportunity to bring us here this afternoon.

Hold on a second.

Oh yeah.

Since we're doing a little bit of a special thing today, we're going to go ahead and I have to read this ahead of time.

In accordance with Virginia Beach City Code 2-21 and by the authority that's it in May's mayor of the City of Virginia Beach.

I hereby call for a special session of the Virginia Beach City Council on Tuesday September 22nd, 2026 at 2 p.m.

Council uh conference room 2034, building one through two, two four oh one courthouse drive.

Special uh session to allow council following its radio schedule former session as listed to the attached agenda to be convene into a closed session to consider for uh the following reasons.

Um publicly held property district two personnel matters or council appoints, commissions, committees, authorities, etc.

We will convene into an open session for the purpose of certifying at the closed session.

Special uh session will be broadcast on uh a formal session will be uh broadcast on cable TV, the Uh, and Facebook Live, Bobby Geyer, and thank you very much.

I apologize for the oversight.

Okay, okay.

Sorry about the interruption.

Oh no, no issue.

Um, so I'm joined today by members of our executive team, our chief strategic officer Ashley Jarvis, our Chief Financial Officer Doug Wilburne, our Chief Program Officer, Tanisha Davis, our Chief Housing Officer, uh Susan Sotera, and our controller Hampton Miller.

I'm also joined uh today with members of our board, our board chair, Gary Sharp, our board treasurer Jessica Lynn, as well as Kay Ashby.

Uh, we're also pleased to have our partners from Nami, Coast of Virginia with us today.

Uh, board president Max Wiley, uh Development Director, Katie Roseman, as well as Martha McCurry, the affiliate director.

So, and also lastly, I didn't want to forget Virginia Thumb, who's assisting us with our capital campaign for Solar Springs.

Um good.

Thank you.

Thank you, Amanda.

Okay, all right.

So we're gonna discuss a few things at a high level.

Uh impact and progress, home ownership and development, uh, preservation and financial sustainability, and of course, the future direction and partnership of the organization.

So, from high level, as you know, 40 years ago, the city of Virginia Beach founded uh the Virginia Beach Community Development Corporation.

Since that time, we've been able to grow our portfolio to have 500 plus units, uh making us the largest owner of affordable housing in the city of Virginia Beach.

Also, during that time, we've been able to we've been able to serve and house nearly 10,000 people uh through our housing department as well as our programs and services division.

So building on momentum, uh, you can see that we've had some um we've seen some improvements over the last year or so.

Um, our occupancy within our portfolio has grown from 90 to 92 percent.

Uh we've also seen uh within our SSVF programs, we've exceeded our goal um by far by serving today at least 214 households.

Uh we've we're creating the foundation of a first-time homebuyer program, and we've already sold six homes as part of that program, and we're seeing stronger financial oversight in regards to our operations.

So, again, um, in regards to our programs and services division, um housing support and stability, um, we provide housing assistance, case management, financial uh capable uh well, financial capability, budgeting and financial coaching, as well as uh resource connections.

And you can see again how many folks we've housed within that program will assisted throughout that program.

I also want to highlight that we have two veteran family communities, um Cedar Grove that's right here in Virginia Beach, as well as Cypress Landing, which is in Chesapeake.

So, you know, my thought is um, at least in my experience, any community development corporation is filling social gaps that you see within any city.

And with that, the CDC, we have expanded some of the work that we're doing uh in regards to some of our outreach.

So you can see, particularly in regards to our headquarters off of Potter's Road, we've utilized that space to be more of a community hub, if you will.

So from mental health first aid training to Bank on Hampton Roads that just started last week, to you know, we're starting um uh uh realtor and first-time homebuyer summit with Truis, that will be October 22nd.

You can see some of the committees that our staff are currently um sitting on the Virginia Beach Housing Advisory Board, the Hampton Roads Housing Consortium, to the Regional Housing Assessment Advisory Committee, and others.

So, again, as I mentioned before, we're in a really unique uh position in which we could start a first-time homebuyer program.

Um, to date, we've sold at least six homes uh with an asking price anywhere between 225 to 250.