HomeMy WebLinkAbout1995/04/18-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY, APRIL 18, 1995
8:15 A.M.
Corporation Board Members Present: Virginia Nell Webber, President; I(enneth Barr,
Vice-President; Jewel Woods, Treasurer; I(ay Granger, Bill Meadows, and Becky Hasldn.
Absent were Chuck Silcox, Secretary; Jim Lane, and McKinley Jackson.
The meeting was called to order by the President, and the minutes of February 14, 1995
were approved asvxTitten.
Mr. Jerome Walker, Housing Director, addressed the Board, with a request and
recommendation that the HFC allocate $135,000 in interest income earned by the
HFC's Housing Assistance Fund to be used by the City of Fort Worth as a portion of the
required matching funds for the 1995 HOPE 3 Implementation Grant Application made
to HUD in conjunction with the Tarrant County Housing Project.
Mr. Walker discussed the background of the request as set forth in his memo. which is
attached to these minutes. He stated that the program was available in all districts, and
that it had been approved by the Council's Safety and Community Development
Committee on April 6, 1995.
On motion made by Ms. Woods and seconded by Mr. Barr, the recommendation to use
$135,000 in HFC's Housing Assistance Fund's interest income as a portion of the
required matching funds for the 1995 HOPE 3 Implementation Grant was approved
unanimously.
The meeting adjourned at 8:40 a.m.
Virginia Nell Webber
President