HomeMy WebLinkAbout2023/11/28-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, NOVEMBER 28, 2023
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Mattie Parker
Director Michael D. Crain
Director Charlie Lauersdorf
Director Jared Williams
Director Macy Hill
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Staff:
Fernando Costa, Assistant City Manager
Leslie Hunt, Senior Assistant City Attorney
Victor Turner, Assistant General Manager
Reginald Zeno, Treasurer
Jaanette S. Goodall, City Secretary
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 at 2:48 p.m. on Tuesday, November 28, 2023, in the
City Council Conference Room, Room 2020 of the Fort Worth Municipal Building, 200 Texas
Street, Fort Worth, Texas.
2. Approval of Minutes
a. Regular Meeting Held on August 22, 2023
Motion was made by Vice President Beck and seconded by Secretary Bivens to approve the August
22, 2023 meeting minutes. The motion passed on an 11-0 vote.
3. Written Reports
a. Investment Report as of September 30, 2023
b. Unaudited Financial Statement as of October 31, 2023
There was no discussion on the written reports; they were for informational purposes only.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, NOVEMBER 28, 2023
PAGE 2 of 3
4. Update Regarding the FWHFC's Acquisition of Land and Housing Units Located at 4096
and 4097 Merida Avenue and 4048 McCart Avenue from the Southwestern Baptist
Theological Seminary (Carroll Park/Seminary Project) (Council District 9)
Fernando Costa, General Manager, provided a staff report.
5. Briefing on Community Land Trusts
Jeremy Smith, President, Fort Worth Community Land Trust, provided a report.
— Director Lauersdorf requested additional information on home ownership process for
properties included in the Land Trust.
— Secretary Bivens recommended including a representative relating to workforce services
such as Workforce Solutions as a member of the Board.
6. Consider and Adopt a Supplemental Resolution Authorizing Assignment to the Fort
Worth Community Land Trust of Contract with Southwestern Baptist Theological Seminary
for Purchase of Property Located at 4048 McCart Avenue, 4906 Merida Avenue and 4097
Merida Avenue; Forgivable Loan to the Community Land Trust of up to $3,700,000 of Fort
Worth Housing Finance Corporation Funds; Return of $7,000,000 Borrowed from the City
of Fort Worth General Fund; and Execution of All Necessary Documents (Council District
9)
Fernando Costa, General Manager, provided a staff report.
Motion was made by Vice President Beck and seconded by Director Williams to approve
Supplemental Resolution No. FWHFC-2023-35, Authorizing Assignment to the Fort Worth
Community Land Trust of Contract with Southwestern Baptist Theological Seminary for Purchase
of Property Located at 4048 McCart Avenue, 4906 Merida Avenue and 4097 Merida Avenue;
Forgivable Loan to the Community Land Trust of up to $3,700,000 of Fort Worth Housing Finance
Corporation Funds; Return of $7,000,000 Borrowed from the City of Fort Worth General Fund;
and Execution of All Necessary Documents. The motion passed on an 11-0.
7. Executive Session
There was no Executive Session.
8. Requests for Future Agenda Items
— President Flores and Director Williams requested information on City of Houston's
Community Land Trust provide that aids individuals to buy homes and how other City
programs and tools could be overlaid with Community Land Trust.
9. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 3:28 p.m. on Tuesday, September 28, 2023.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, NOVEMBER 28, 2023
PAGE 3 of 3
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 30 day of January, 2024.
APPROVED:
Carlos Flores
Presi ent
AynaM. ns
Secretary
ATTEST:
J ette S. Goodall
ty Secretary