All right, all right, sit down. Thank you, everybody, thats very, very nice. I have a massive cold and that makes me feel better today. I feel more well given that nice introduction. Thank you there martin, what should i say, whatever you say make it short, we got a lot to cover here. I think he referenced who we have with us but i want to thank all the folks here at uconn university. They do a fantastic job every single day here. Thank you for opening this up to representatives Caroline Simmons and tom and dan fox, thank you for being here. I want to get right to this. I am sure you have loads of questions about what is happening and what has happened and i want to answer them. We are going to talk today about a lot of things. The foundation of it, well talk about the rule of law. We are going to talk about the simple idea of the root of this country since our founding that no individuals, no matter how powerful or what title stands before their names supposed to be above the set of r
Developing over the next 20 years theres a thousand of those units in the pipeline about 50 units a year in addition, we expect this is depending on how the developers build about one hundred 50 to two hundred in the inclusionary pipeline. So are you sure. Yes. I know that mr. Lee and i have discussed this during the last budget season in june or july had dialog is it 2 hundred units a year its inclusionary plus ocii . Or is that no, thats just the inclusionary its about one hundred and 50 to two hundred per year. And how many from ocii. About 50. So its 2 hundred and 50 a year between inclusionary and ocii. Yeah. And how about the other pot from the affordable. You dont know i dont have a pipeline for them in front of me. For the next years inaudible . Okay. So total about 12 or 1250 units a year coming online . Is that and well, thats a thousand plus the 250 yeah. I mean, thats just im sure that seems incredibly low the magnitude of the crisis is so great to be bringing 2 hundred plu
Those are the units under my monitoring and they range up to one hundred and 20 percent ami but the limit is 65 percent ami. Say that slower. Its priced at 55 percent but the income limit is 60 percent so, you know, the household can go 5 percent more than the affordable limit. For this conversation for folks listening at home define ami. Area meaning income evaluated for the metropolitan area so for lets see for when we say its the income limit in a bmr is 60 percent medium income for a Single Person thats 4,000 plus a year. Thats their annual income. If im single and making 40 thousand thats the limit i fall within the 60 percent of ami. Right. And if you have is a two kids or one kid it gets higher its assisted if aura 3 person hold its 52 thousand plus per year. Where can we find this information. On our website and actually in every posting for an affordable unit we post that information as well but the full income limit chart is on our website it has its own sweet little place. S
By Developers Private developers as opposed to the one hundred percent of affordable units are constructed by the partners their constructed with little or no cost to the city and not directly induced subsidize we monitor those in 6 separate programs and as i said theres over one hundred and 40 units. How many are in the pipeline to be added to the 4 thousand . Well, if you include the units that the ocii are developing over the next 20 years theres a thousand of those units in the pipeline about 50 units a year in addition, we expect this is depending on how the developers build about one hundred 50 to two hundred in the inclusionary pipeline. So are you sure. Yes. I know that mr. Lee and i have discussed this during the last budget season in june or july had dialog is it 2 hundred units a year its inclusionary plus ocii . Or is that no, thats just the inclusionary its about one hundred and 50 to two hundred per year. And how many from ocii. About 50. So its 2 hundred and 50 a year be
To be added to the 4 thousand . Well, if you include the units that the ocii are developing over the next 20 years theres a thousand of those units in the pipeline about 50 units a year in addition, we expect this is depending on how the developers build about one hundred 50 to two hundred in the inclusionary pipeline. So are you sure. Yes. I know that mr. Lee and i have discussed this during the last budget season in june or july had dialog is it 2 hundred units a year its inclusionary plus ocii . Or is that no, thats just the inclusionary its about one hundred and 50 to two hundred per year. And how many from ocii. About 50. So its 2 hundred and 50 a year between inclusionary and ocii. Yeah. And how about the other pot from the affordable. You dont know i dont have a pipeline for them in front of me. For the next years inaudible . Okay. So total about 12 or 1250 units a year coming online . Is that and well, thats a thousand plus the 250 yeah. I mean, thats just im sure that seems in