HomeMy WebLinkAbout2022/05/24-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 24, 2022
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Mattie Parker
Director Michael D. Crain
Director Alan Blaylock
Director Jared Williams
Director Leonard Firestone
Director Chris Nettles
1. Call to Order
With a quorum present, President Flores called the meeting to order for the Board of Directors of
the Fort Worth Housing Finance Corporation (Corporation) at 12:32 p.m. on Tuesday, May 24,
2022, in the City Council Conference Room, Room 2020 of the Fort Worth Municipal Building,
200 Texas Street, Fort Worth, Texas.
2. Approval of Minutes of Regular Meeting
Motion was made by Director Bivens and seconded by Director Crain to approve the
March 29, 2022, minutes of the Corporation as presented. The motion passed 9-0.
3. Written Reports
a. Unaudited Financial Statement as of April 30, 2022
There was no discussion on the report; it was for informational purposes only.
4. Adopt Resolution Ratifying all Actions Taken by the Fort Worth Housing Finance
Corporation from September 1, 2021 to March 18, 2022.
Motion was made by Director Crain and seconded by Director Bivens to adopt Resolution No.
FWHFC-2022-06, Ratifying all Actions Taken by the Fort Worth Housing Finance Corporation
from September 1, 2021 to March 18, 2022. The motion passed 9-0.
5. Briefing on the Progress of Development of Affordable Housing in Fort Worth
Ms. Amy Connolly, Administrator, provided a staff report.
There was no action taken on this item; it was for informational purposes.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 24, 2022
PAGE 2 of 3
G. Adopt Resolution Approving a Forgivable Loan to Fort Worth Affordability Inc. in the
Amount of $325,000.00 for the Development of Hughes House as Part of the Multi -Year
Choice Neighborhoods Implementation Grant in the Cavile Place/Historic Stop Six
Area and Authorize Related Actions
Mr. Chad LaRoque, Housing and Grants Manager, provided a staff report.
Motion was made by Director Bivens and seconded by Director Crain to adopt Resolution No.
FWHFC-2022-07, Approving a Forgivable Loan to Fort Worth Affordability Inc. in the Amount
of $325,000.00 for the Development of Hughes House as Part of the Multi -Year Choice
Neighborhoods Implementation Grant in the Cavile Place/Historic Stop Six Area and Authorize
Related Actions. The motion passed 8-0. Director Beck had stepped away from the table.
7. Executive Session
There was no Executive Session.
8. Requests for Future Agenda Items
Director Bivens requested more information on land banking and land trust and how it is done in
other cities of similar size in Texas.
Director Parker asked about Rehab Warriors and what they are doing already in the City of Fort
Worth.
Director Beck requested an analysis of what some other similarly sized Texas cities are doing to
development more affordable housing in Fort Worth.
9. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 1:04 p.m. on Tuesday, May 24, 2022.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 28t" day of June, 2022.
APPROVED:
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Carlos Flores
Vice President
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 24, 2022
PAGE 3 of 3
Gyna M. Bivens
Secretary
ATTEST:
Jannette S. Goodall
Secretary