HomeMy WebLinkAbout1992/07/28-Minutes-Fort Worth Housing Finance Corporation (FWHFC) Fort Worth Housing Finance Corporation ( FWHFC)
Pre-Council Chambers
Tuesday, July 28 , 1992
MINUTES
Corporation Board Members Present : Virginia Nell Webber , Kay
Granger , David Chappell , Eugene McCray, Bill Meadows , Chuck
Silcox , and Jewel Woods .
I . The meeting was called to order at 8 : 25 a .m. by Virginia
Nell Webber , President .
Ii . The minutes of the June 9 , 1992 meeting were approved as
written .
III . Action Items :
A)
AUTHORIZE THE CHAIR OF THE FWHFC TO SIGN AN AGREEMENT
WITH THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY
AFFAIRS TO ORIGINATE LOANS FOR THE TEXAS HOME
IMPROVEMENT LOAN PROGRAM
B)
AUTHORIZE THE CHAIR OF THE FWHFC TO SIGN AN AGREEMENT
WITH THE CITY OF FORT WORTH ' S HOUSING AND HUMAN
SERVICES DEPARTMENT TO ADMINISTER THE TEXAS HOME
IMPROVEMENT LOAN PROGRAM OF THE TEXAS DEPARTMENT OF
HOUSING AND COMMUNITY AFFAIRS
Mr . Steve Johnson discussed the program which would make
zero interest home improvement loans available to low
income people in Fort Worth . TDHCA has $2 , 000 ,000
available for loans between now and the end of August ,
1992 . Additional money will be available starting
September 1 , 1992 . He stated the program will loan up to
$15 ,000 at a term of up to -fifteen years ,
Ms . Woods asked if there are current applicants that are
eligible for this , Mr . Johnson replied that there are
approximately three to five people who will be processed
within the next few weeks .
FWHFC
Minutes
July 28 , 1992
Page 2
Mr . Chappell asked if there were targeted areas to give
preference , such as "Weed and Seed" areas . Mr . Johnson
said the program will be presented as an option in those
areas , but the program itself will be open to any lower
income person in Fort Worth .
Mr . Silcox made a motion to approve Action Items A and B .
It was seconded by Ms . Woods . Motion carried
unanimously .
IV . Other Business :
Mr . Chappell inquired if there had been any response to
a letter sent by City Manager Bob Terrell to consultants
asking that the committee be provided with innovative
programs that have been successful in other areas . Mr .
Johnson reported that there has been some response and it
will be available to the committee within the next week .
Mr . Chappell asked that it be on the agenda for the next
meeting .
V . Ms . Webber adjourned the meeting at 8 : 35 a .m.
Virgini,A' Nell Webber
President