HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2018-05RESOLUTION NO. FWHFC-2018-05
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION APPROVING CONTRACTS WITH PRESBYTERIAN NIGHT
SHELTER OF TARRANT COUNTY AND DAY RESOURCE CENTER FOR THE
HOMELESS FOR SUPPORTIVE SERVICES FOR PERMANENT SUPPORTIVE
HOUSING TENANTS
WHEREAS, the City Council of the City of Fort Worth ("City") has adopted
development and revitalization of the City's affordable housing stock as a strategic goal and City
citizens and the City Council have determined that quality, accessible, affordable housing is
needed for moderate, low and very low income City citizens;
WHEREAS, the City Council established the Fort Worth Housing Finance Corporation
(the "Corporation") in 1979 pursuant to Chapter 394, Texas Local Government Code, to
facilitate housing initiatives in the City, including but not limited to issuing tax exempt bonds,
developing and promoting housing, and assisting low to moderate income City citizens in
acquiring quality, accessible, affordable housing through lending and construction activities;
WHEREAS, Permanent Supportive Housing ("PSH") is a combination of long term
rental assistance and supportive services to boost housing retention for vulnerable populations,
and it is a City priority to provide Permanent Supportive Housing units ("PSH Units") in order
to achieve the City's goal of ending chronic homelessness under Directions Home, the City's
plan to make homelessness rare, short-term and non -recurring (City Council Resolution No.
3203-05-2005);
WHEREAS, the City has also adopted a policy for the inclusion of PSH Units as a
condition for obtaining a Resolution of Support from the City Council for applications to the
Texas Department of Housing and Community Affairs ("TDHCA") for Competitive (9%)
Housing Tax Credits and for obtaining a Resolution of No Objection from the City Council for
applications to TDHCA for Non -Competitive (4%) Housing Tax Credits;
WHEREAS, in order to assist the City in meeting its Directions Home goals, the
Corporation operates a Permanent Supportive Housing Program (the "PSH Program") on behalf
of the City to provide supportive services, including case management and other social services
(the "PSH Services"), to tenants of the PSH Units who were formerly chronically homeless (the
"PSH Tenants");
WHEREAS, in order to participate in the PSH Program, developers must commit to set
aside a percentage of the total units of a project as PSH Units and demonstrate that the
supportive services for the PSH Tenants cannot be paid out of the project's cash flow;
RESOLUTION FWHFC-2018-05
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WHEREAS, the Corporation has entered into Master Agreements with various
developers describing the Corporation's participation in certain projects and as part of these
agreements, the developers have agreed to include PSH Units in their projects and the
Corporation has agreed to pay for the PSH Services out of the Corporation's income from the
projects;
WHEREAS, the Corporation requested proposals from qualified service providers to
provide the PSH Services to PSH Tenants under its PSH Program and has awarded contracts to
Presbyterian Night Shelter of Tarrant County and Day Resource Center for the Homeless; and
WHEREAS, the Board desires for the Corporation to enter into contracts for PSH
Services for its PSH Program with Presbyterian Night Shelter of Tarrant County for $67,000.00
and Day Resource Center for the Homeless for $77,020.00, and approve all other reasonable and
necessary actions for the implementation and operation of the PSH Program.
NOW THEREFORE, BE RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the execution and delivery of contracts by and between the
Corporation and Presbyterian Night Shelter of Tarrant County in the amount of
$67,000.00, and by and between the Corporation and Day Resource Center for the
Homeless in the amount of $77,020.00, for PSH Services for the Corporation's PSH
Program (collectively, the "Contracts") .
2. THAT the Board approves a one year term for the Contracts with two additional one year
options to renew the Contracts.
3. THAT the Board approves the execution and delivery of any related documents, contracts
or agreements necessary for the operation of the PSH Program and the completion of the
activities contemplated in the Contracts.
4. THAT Fernando Costa, General Manager of the Corporation, or Aubrey Thagard,
Assistant General Manager of the Corporation, or their respective duly appointed
successors, are each authorized to execute and deliver the Contracts for and on behalf of
the Corporation and any related documents, contracts or agreements necessary to
implement the Contracts and operate the PSH Program, and each may extend, modify and
amend the Contracts, provided any such extensions, modifications and amendments are
in compliance with the goals and purposes of the Corporation as amended from time to
time.
5. THAT this Resolution takes effect on the date of its adoption.
RESOLUTION NO. FWHFC-2018-05
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AND IT IS SO RESOLVED.
Adopted September 18, 2018.
Kelly
G FINANCE CORPORATION