HomeMy WebLinkAbout1992/06/09-Minutes-Fort Worth Housing Finance Corporation (FWHFC) Fort Worth Housing Finance Corporation k'FWHFC)
Pre-Council Chambers
Tuesday, June 9, 1992
1: 30 P.M.
MINUTES
Corporation Board Members Present: Virginia Nell Webber, Carlos Puente,
jewel Woods, Bill Meadows, Eugene McCray, and David Chappell .
I. The meeting was called to order at 1: 15 p.m. by Virginia Nell Webber,
President.
Ii. The minutes of the April 14, 1992 meeting were approved as written.
III T
Action Item:
Ratification and Approval of Extension of 1990 Single Family Mortgage
Bond Program to October 16, 1992 and Related Matters.
Bob Peterson, Financial Advisor to the FWHFC, presented a status report
to members. Mr. Peterson requested that the origination period for
the 1990 Bond Program be extended until October 16, 1992 to give lenders
more time to originate loans.
The program cannot be extended for a period beyond that time because
the bond program can only go for forty-two months from the date of
issue.
The FWHFC was presented a handout on the status of funds as of April
30, 1992.
Jewel Woods moved to approve a resolution extending the bond program.
It was seconded by Bill Meadows and approved by the Corporation members.
!V. Other Business:
David Chappell requested that a review be made of other cities on
how to leverage funds through industry, housing and institutions to
help IL-he inner cities. Bob Peterson said that information is available
a n a will be provided.
V. The rnieeting adjourned at 1: 32 p.m.
Virvinia Nell Webber
Pre s i c"Ient