HomeMy WebLinkAbout2018/08/21-Minutes-Fort Worth Housing Finance Corporation (FWHFC)is
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 21, 2018
Present:
President Kelly Allen Gray
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Betsy Price (Arrived at 3:02 p.m.)
Director Carlos Flores
Director Brian Byrd
Director Cary Moon
Director Ann Zadeh
Absent:
Director Dennis Shingleton
1. Call to Order
With a quorum present, President Allen Gray called the meeting to order for the Board of
Directors of the Fort Worth Housing Finance Corporation (Corporation) at 3:01 p.m. on
Tuesday, August 21, 2018, in the City Council Conference Room, Room 290 of the Fort Worth
Municipal Building, 200 Texas Street, Fort Worth, Texas.
2. Approval of Minutes from the Meeting Held on May 1, 2018
Motion was made by Director Bivens and seconded by Director Flores to approve the
May 1, 2018, minutes of the Corporation as presented. The motion passed 7-0. (Directors Price
and Shingleton absent.)
3. Written Reports
a. Unaudited Financial Statements as of July 31, 2018
b. Quarterly Investment Report as of June 30, 2018
c. Property Sales Report
President Allen Gray referenced the written reports and opened the floor for discussion on the
report. There was no discussion on the reports.
4. Consider and Adopt Resolution Approving the Budget for the 2018-2019 Fiscal Year
Mr. Aubrey Thagard, Assistant General Manager, provided a PowerPoint presentation titled,
"FW Housing Finance Corporation FY 2018-2019 Proposed Operating Budget."
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 21, 2018
PAGE 2 of 3
Motion was made by Director Jordan and seconded by Director Price to approve Resolution No.
FWHFC-2018-04, Approving the Budget for the 2018-2019 Fiscal Year. The motion passed 8-0.
(Director Shingleton absent.)
5. Executive Session
There was no Executive Session.
6. Request for Future Agenda Items
Director Bivens referred to a 60 Minutes segment on August 19, 2018, and asked staff to look
into some comparative studies on permanent supportive services and what can be done to bring
examples in of tangible success stories in Texas and across the country.
Mr. Fernando Costa, General Manager, advised that staff would provide a strategic plan for
affordable housing that puts emphasis upon permanent supportive housing as a solution for
homelessness and also to present proposals for pilot projects supported in part by the HFC and
funding from local foundations interested in making those investments.
President Allen Gray requested an overview of the affordable housing payments policy and the
placement in lieu of payment units.
7. Adjourn
With no further discussion, President Allen Gray adjourned the meeting of the Fort Worth
Housing Finance Corporation at 3:15 p.m. on Tuesday, August 21, 2018.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 18th day of September, 2018.
AGynatn
Bivens
Secretary
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 21, 2018
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Ro ald P. Gonzales
Assistant City Secretary