HomeMy WebLinkAbout2021/09/14-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 14, 2021
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Mattie Parker
Director Michael D. Crain
Director Cary Moon
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 2:06 p.m. on Tuesday, September
14, 2021, in the City Council Conference Room, Room 2020 of the Fort Worth Municipal
Building, 200 Texas Street, Fort Worth, Texas.
2. Approval of Minutes from the Meeting Held on August 17, 2021
Motion was made by Director Bivens and seconded by Director Beck to approve the
August 17, 2021, minutes of the Corporation as presented. The motion passed 9-0.
3. Written Reports:
a. Unaudited Financial Statement as of August 31, 2021
b. Quarterly Investment Report as of June 30, 2021
4. Adopt Resolution Approving the Fiscal Year 2021-2022 Budget
Victor Turner, Assistant General Manager, presented the proposed budget for the Corporation's
consideration.
Motion was made by Director Crain and seconded by Director Moon to adopt Resolution No.
FWHFC-2021-05, Approving the Budget for the Fiscal Year 2021-2022 for the Fort Worth
Housing Finance Corporation. The motion passed 9-0.
5. Adopt Resolution Removing References to Restrictions on Certain Corporation Cash
Assets
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 14, 2021
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Victor Turner, Assistant General Manager, summarized the basis of the resolution and advised that
Stephen Thomas, Senior Management Analyst, was available to respond to questions as needed.
Motion was made by Director Crain and seconded by Director Parker to adopt Resolution No.
FWHFC-2021-06, Authorizing the Removal of References to Restrictions from Certain Fort
Worth Housing Finance Corporation Cash Assets. The motion passed 9-0.
6. Adopt Resolutions Appointing an Assistant Secretary and an Assistant Treasurer for the
Corporation
Victor Turner, Assistant General Manager, advised this was a housekeeping matter and the
resolutions were to memorialize those appointments.
Motion was made by Director Crain and seconded by Director Parker to adopt Resolution Nos.
FWHFC-2021-07, Appointing the City Secretary or His or Her Designee as an Assistant Secretary
for the Housing Finance Corporation and FWHFC-2021-08, Appointing the Assistant General
Manager or His or Her Designee as an Assistant Treasurer for the Housing Finance Corporation.
The motion passed 9-0.
7. Adopt Amendments to the Housing Finance Corporation's Bylaws and Authorize
Submission to the Fort Worth City Council for Approval
Victor Turner, Assistant General Manager, advised that the amendments were to clear up gender
discrepancies in the bylaws, changed what constituted a quorum going from five to a just a
majority, and the election of officers in odd numbered years.
Motion was made by Director Crain and seconded by Director Nettles to adopt Resolution No.
FWHFC-2021-09, Amending the Bylaws of the Fort Worth Housing Finance Corporation. The
motion passed 9-0.
8. Review and Readopt the Corporation's Investment Policy and Strategy
Reginald Zeno, Treasurer, provided a briefing overview of the Corporation's Investment Policy.
Motion was made by Director Moon and seconded by Director Crain to Readopt the Corporation's
Investment Policy and Strategy. The motion passed 8-0 (Director Beck absent).
9. Authorize Execution of a Contract with Day Resource Center for the Homeless with an
Initial Three -Year Term to Provide Permanent Supportive Housing Services at Multiple
Locations
Tara Perez, Directions Home Manager, provided an overview of the contract.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 14, 2021
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Motion was made by Director Beck and seconded by Director Crain to adopt Resolution No.
FWHFC-2021-10, Approving a Contract with Day Resource Center for the Homeless Doing
Business As DRC Solutions for Supportive Services for Permanent Supportive Housing Tenants.
The motion passed 9-0.
10.Briefing on Responses Received for the Las Vegas Trail Request for Qualifications (RFQ)
Amy Connolly, Administrator, advised the Corporation of the responses received and a timeline
for selection. This briefing was for informational purposes only; no formal action was needed.
Mr. Fernando Costa, General Manager, advised that staff would bring back a contract with the
preferred firm at the next meeting.
11. Executive Session
There was no Executive Session.
12. Request for Future Agenda Items
- Compliance of local lending decisions with the Community Reinvestment Act
- Analysis of options for the investment of HFC funds
- Prevention of gentrification
- Look at cities with comparable homeless populations and the policies on PSH to see how
the City is "stacking up (per capita)
- Mayor staff work with Communications on website page with HFC quick facts.
13. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 2:38 p.m. on Tuesday, September 14, 2021.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the Lq6 day of r2021.
APPROV
Carlo ores
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Secretary
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 14, 2021
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