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In the next five years there will be at least 150 new units added to the Land Trust, many of which will be 1 BR and 2BR condominiums. We will need to increase our marketing staff to manage this volume. We also expect that many condominium units will turnover frequently, placing a perpetual burden on the organization to find new buyers who meet the eligibility guidelines. We ask that the local governing bodies determine a process to address these issues -either as separate boards or together. Although these affordability and maintenance challenges are not a crisis, the more homes that get added to the Land Trust without addressing these issues will only increase the risks that the model will fail to meet our expectations in the future. It was suggested by one of the elected officials that the Land Trust homes be used by DTCC students for training in repairs in order to save money on labor. Eric Hallman asked about the alder Land Trust homes and maintenance and Robert Dowling said that the problem is that no one is talking about maintenance. The Land Trust has a lot of units that came on at the same time and they will all get old together. He said that other organizations deal with maintenance on a case-by-case basis. He said that they need to have a policy and they need to set a standard. Bill Strom said that he appreciated this information. He said that no one imagined that this model would be so successful when they first started out. He said that the number of units is approaching 300 units in the pipeline. He said that when there was a bond referendum for affordable housing, it was very different and the Land Trust was not successful. He asked if the Land Trust has looked into ways to use the Orange County bond money. Robert Dowling said that it is more of a question about maintenance. Jim Ward made reference to the 1.5% guaranteed appreciation and asked if there was a fallback clause in case something happens to the market. Robert Dowling said that the times where this happens tend to be very short periods of time. He said that he does not have all of the answers, and they will continue to tweak this. Robert Dowling answered several clarifying questions for Jim Ward. Jim Ward made reference to Robert Dowling's question about whether he is being a good steward of the municipalities' money. He said that the municipalities need to put in place the kind of financial oversight that would answer this question. Commissioner Jacobs said that, in response to Robert Dowling's plea, he would like to suggest referring this to the staffs and asking the Managers to get together with Robert Dowling and find answers to questions about accountability. He also suggested that the Mayors and the Chair write a letter to the congress-beings about the inequity of the staggered income. He asked Robert Dowling to outline what such a letter might look like. Robert Dowling pointed out that the median family income declined from last year by $1,600 as published by HUD. Commissioner Jacobs expressed appreciation to Robert Dowling. Jacquelyn Gist left at 9:20 p.m.