HomeMy WebLinkAbout2019/10/22-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 22, 2019
Present:
President Kelly Allen Gray
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Betsy Price (Arrived at 2:36 p.m.)
Director Carlos Flores
Director Brian Byrd (Arrived at 2:46 p.m.)
Director Cary Moon (Arrived at 2:35 p.m.)
Director Dennis Shingleton
Director Ann Zadeh
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 2:33 p.m. on
Tuesday, October 22, 2019, in the City Council Conference Room, Room 290 of the Fort Worth
Municipal Building, 200 Texas Street, Fort Worth, Texas.
2. Consider and Adopt Resolution Approving Both Construction/Permanent Loans and
Development Funding for Permanent Supportive Housing in Support of the Application by
Fort Worth Housing Solutions and the City of Fort Worth for a Choice Neighborhoods
Implementation Grant for the Cavile Place/Historic Stop Six Neighborhood
Mr. Fernando Costa, General Manager, reviewed the background on the funding requested in
support of the application by the Fort Worth Housing Solutions and the City of Fort Worth. The
Corporation is requested to adopt a resolution approving both construction and permanent loans
and development funding for permanent supportive housing.
Motion was made by Director Shingleton and seconded by Director Jordan, to approve
Resolution No. FWHFC-2019-06, Approving Both Construction/Peimanent Loans and
Development Funding for Permanent Supportive Housing in Support of the Application by Fort
Worth Housing Solutions and the City of Fort Worth for a Choice Neighborhoods
Implementation Grant for the Cavile Place/Historic Stop Six Neighborhood. The motion carried
8-0 (Director Byrd absent).
3. Consider and Adopt Resolution Setting Aside $5 Million of the Corporation's Funds for
the Development of Permanent Supportive Housing in the City of Fort Worth
Motion was made by Director Price and seconded by Director Bivens, to approve Resolution No.
FWHFC-2019-07, Setting Aside $5 Million of the Corporation's Funds for the Development of
Permanent Supportive Housing in the City of Fort Worth. The motion carried 9-0.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 22, 2019
PAGE 2 of 2
4. Executive Session
There was no Executive Session.
5. Request for Future Agenda Items
There were no requests for future agenda items.
6. Adjourn
With no further discussion, President Allen Gray adjourned the meeting of the Fort Worth
Housing Finance Corporation at 2:48 p.m. on Tuesday, October 22, 2019.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 51h day of November, 2019.
APPROVED:
Kelly Allen Gray
Secretary