HomeMy WebLinkAbout2021/08/03-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 3, 2021
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Mattie Parker
Director Michael D. Crain
Director Jared Williams
Director Leonard Firestone
Director Chris Nettles
Director Elizabeth Beck
Absent:
Director Cary Moon
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 2:01 p.m. on Tuesday, August 3,
2021, in the City Council Conference Room, Room 2020 of the Fort Worth Municipal Building,
200 Texas Street, Fort Worth, Texas.
2. Election of Officers
Mr. Fernando Costa, General Manager, provided background on the election process and opened
the floor for election of officers for the Fort Worth Housing Finance Corporation as follows:
a. Secretary
b. Treasurer
Motion was made by Director Crain and seconded by Director Beck that Gyna M. Bivens be
elected as Secretary and Reginald Zeno, Chief Financial Officer, be elected as Treasurer of the
Fort Worth Housing Finance Corporation. Motion carried 8-0 (Director Moon absent.)
3. Approval of Minutes from the Meeting Held on June 23, 2021
Motion was made by Director Beck and seconded by Director Crain to approve the
June 23, 2021, minutes of the Corporation as presented. The motion passed 8-0 (Director Moon
absent).
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 3, 2021
PAGE 2 of 3
4. Written Reports
a. Unaudited Financial Statement as of June 30, 2021
b. Quarterly Investment Report as of June 30, 2021
5. Presentation on the Powers and Duties of Texas Housing Finance Corporations.
Ms. Jo Ann Pate, Senior Assistant City Attorney, provided background information.
6. Briefing on Partnerships and Projects in which the Fort Worth Housing Finance
Corporation is a Participant
Mr. Victor Turner, Director, Neighborhood Services Director, provided background information.
7. Executive Session
There was no Executive Session.
8. Request for Future Agenda Items
Secretary Bivens requested staff provide a briefing report on what the City and the Board are doing
to mitigate housing displacement.
Vice President Beck also asked for an explanation of what type of funds were available to help get
these affordable housing projects off the ground.
Mr. Fernando Costa, General Manager, provided an overview of programs to promote the
development of affordable housing and development of neighborhoods.
9. Adjourn
With no further discussion, President Carlos Flores adjourned the meeting of the Fort Worth
Housing Finance Corporation at 2:31 p.m. on Tuesday, August 3, 2021.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 17"' day of August, 2021.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 3, 2021
PAGE 3 of 3
AGyn. Bivens
Secretary
A T:
R nald P. Gonzales
Secretary