HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2024-09RESOLUTION NO. FWHFC-2024-09
PAGE 1
RESOLUTION NO. FWHFC-2024-09
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
ENDORSING A CONTRACT IN THE AMOUNT OF $37,500 WITH THE FORT WORTH
HISPANIC CHAMBER OF COMMERCE FOR CERTAIN SERVICES THAT PROMOTE
EQUITABLE DEVELOPMENT ON AND AROUND PANTHER ISLAND
WHEREAS on April 9, 2024, the Fort Worth City Council adopted the Panther Island Vision and
Strategy as a guide for the development of Panther Island (CFW Resolution 5932-04-2024); and
WHEREAS the Panther Island Vision and Strategy recommends that the City and its partners
promote equitable development on and around Panther Island by supporting housing affordability,
minimizing household displacement, and otherwise addressing issues that are also of importance to the Fort
Worth Housing Finance Corporation (the Corporation); and
WHEREAS the Fort Worth Hispanic Chamber of Commerce (the Chamber), with assistance from
DEI Consultants and the Urban Land Institute (ULI), proposes to provide certain services that promote such
development, particularly as it would benefit residents and small businesses of the Northside and Historic
Marine neighborhoods, at a total estimated cost of $230,000; and
WHEREAS such services include an extensive series of community engagement events to be
facilitated by DEI Consultants, a five-day interactive planning workshop to be conducted by ULI, and initial
actions to implement ULI recommendations; and
WHEREAS the Chamber has secured or is seeking to secure pledges in the amounts of $30,000
from its board and membership; $30,000 from the Rainwater Charitable Foundation; $37,500 from the North
Texas Community Foundation; $10,000 from the Amon G. Carter Foundation; $40,000 from the ULI
Foundation; and $45,000 from ULI's Dallas -Fort Worth District Council, subject to the Corporation
providing a local match of funds in the amount of $37,500; and
WHEREAS the Corporation bylaws authorize the General Manager to enter into contracts in
amounts not to exceed $100,000, and the General Manager anticipates exercising that authority to execute a
contract in the amount of $37,500 with the Chamber for these services; and
WHEREAS the Corporation wishes to express its support for the execution of the contract and
contribution of funds toward these services.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Fort Worth Housing
Finance Corporation that the Corporation endorses execution of a contract and contribution of funds in the
amount of $37,500 with the Fort Worth Hispanic Chamber of Commerce for certain services that promote
equitable development on and around Panther Island.
RESOLUTION NO. FWHFC-2024-09
PAGE 2
AND IT IS SO RESOLVED.
Adopted May 21, 2024
FORT WORTH HOUSING FINANCE CORPORATION
BY:
Carlos Flores
President
Attest:
Jannette S. Goodall