HomeMy WebLinkAbout1996/09/10-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY, SEPTEMBER 10, 1996
8:15 A.M.
Corporation Board Members Present: Eugene McCray, President; Jim Lane,
Secretary; Jewel Woods, Treasurer; Becky Haskin, Bill Meadows, Virginia Nell
Webber, and Cathy Hirt. Absent: Kenneth Barr and Chuck Silcox.
The meeting was called to order by the President.
Election of Officers
The following officers were elected: President, Eugene McCray; Vice-President, Becky
Haskin; Secretary, Jewel Woods; Treasurer, Cathy Hirt.
Approval of Previous Minutes
Mr. Lane made a motion that the minutes of April 16, 1996 be approved. Ms. Haskin
seconded the motion, and the motion carried unanimously.
Action Item - Approval of Expenditure of up to $500,000.00 from Interest Income in
the Housing Assistance Fund to Undertake Housing Development Activities and the
Building of New Affordable Homes for Low-to Moderate Income Families.
Director of Housing, Jerome Walker, addressed the board and explained the program.
.Ne answered several questions, and the board agreed to adopt the proposal, but to
amend it by removing #3 in the second paragraph.
Ms. Woods made a motion to approve the expenditure of interest incame in the
Housing Assistance Fund as proposed in the document from the Housing Director, with
the amendment to remove No. 3 in the second paragraph. The motion was seconded
by Mr. Meadows and carried unanimously.
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Fort Werth Housing Finance Corporation
September 14, 1996
Adjournment
The meeting adjourned at 8:43 a.m.
Eugene McCray
President