CHC 08-14-97CALL TO ORDER
Steve Smith called the meeting to order at 4:00 p.m.
Members Present: Dick Schuster, Steve Smith, Jill Collins
Members Absent: Sylvia Machamer, Kathy Robinson
Staff Present: Vera Gil
Others Present: Gertrude Welch
Approval of Minutes:
There were no minutes available to approve.
Written Communications:
None
Oral Communications:
None
Old Business:
1. Review and approval of affordable rents and sale prices: Vera Gil stated that approval of
affordable rents have been finalized and sale prices were continued from the meeting of July l 0.
At the last meeting there were three different methods that were proposed and three members
present. Therefore the item was continued until today.
Dick Schuster shared his reasoning for wanting the BMR units to remain affordable in perpetuity
and also to decrease the sales prices for BMR ownership units.
Jill Collins shared her rational and explained that she was in agreement with Dick Schuster
regarding the life of a BMR unit, but felt that the shift in the housing market is that many people
spend more than 30% of their income on their mortgage.
Steve Smith felt as though the sale prices should remain the same and that 30% of a persons
income should be a benchmark for affordability. Mr. Smith also felt that there should be a range
of how small a BMR unit could be reduced from the market rate units due to larger sized units
being constructed.
With the consensus of the group not changing, Dick Schuster moved to continue this item to the
next meeting. Jill Collins seconded.
Vote: 3-0
Adjournment
SUBMITTED BY:
Yvonne Kelley,
Admin. Secretary
ATTEST:
Kimberly Smit~'~Clerk
c/window s/housin g/at'h 81497
APPROVED BY:
Steve Smith, Chairperson