HomeMy WebLinkAbout2025/06/24-Minutes-Research and Innovation Local Government Corporation (RILGC)[CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, JUNE 24, 2025
Present:
President Carlos Flores
Vice President Elizabeth Beck
Director Mattie Parker
Director Michael D. Crain
Director Charlie Lauersdorf
Director Deborah Peoples
Director Mia Hall
Director Macy Hill
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Staff:
Dana Burghdoff, General Manager
Kacey Bess, Assistant General Manager
Denis McElroy, Senior Assistant City Attorney
Leslie Hunt, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Katherine Cenicola, Assistant 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 5:09 p.m. on Tuesday, June 24, 2025, in the City
Council Work Session Room, of the Fort Worth City Hall, 100 Fort Worth Trail, Fort Worth,
Texas.
1. Approval of Minutes
a. Regular Meeting Held on May 20, 2025
Motion was made by Vice President Beck and seconded by Director Hill to approve the May 20,
2025, meeting minutes. The motion passed on an 11-0 vote.
3. Written Reports
a. Unaudited Financial Statement as of May 31, 2025
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, JUNE 24, 2025
PAGE 2 of 3
4. Consider and Adopt a Resolution Authorizing a Forgivable Loan to Fort Worth
Affordability Inc., or an Affiliate, in the amount of $75,000.00 for the Development of
Permanent Supportive Housing in Hughes Home III as Part of the Multi -Year Choice
Neighborhoods Implementation Grant in the Cavile Place/Historic Stop Six Area and
Authorize Related Actions — Chad LaRoque, Housing Development Manager, Neighborhood
Services Department
Chad LaRoque, Housing Development Manager, Neighborhood Services Department, provided a
staff report.
Motion was made by Vice President Beck and seconded by Director Peoples to approve Resolution
No. FWHFC-2025-08, Authorizing a Forgivable Loan to Fort Worth Affordability Inc., or an
Affiliate, in the amount of $75,000.00 for the Development of Permanent Supportive Housing in
Hughes Home III as Part of the Multi -Year Choice Neighborhoods Implementation Grant in the
Cavile Place/Historic Stop Six Area and Authorize Related Actions. The motion passed on an 11-
0 vote.
5. Briefing on Terrell Homes - Kacey Bess, Neighborhood Services Director
Kacey Bess, Neighborhood Services Director, provided a staff report.
6. Consider and Adopt a Resolution Approving Amended Budget for the 2025 Fiscal Year
Motion was made by Vice President Beck and seconded by Director Nettles to approve Resolution
No. FWHFC-2025-09, Approving Amended Budget for the 2025 Fiscal Year. The motion passed
on an 11-0 vote.
7. Consider and Adopt a Resolution Approving a Loan in an Amount Not to Exceed
$500,000.00 to Terrell Homes GLP, LLC or an Affiliate to Ensure the Continued
Operations and Financial Sustainability of the Terrell Homes Development Located in the
Historic Southside Neighborhood — Kacey Bess, Neighborhood Services Director
Motion was made by Vice President Beck and seconded by Director Nettles to approve Resolution
No. FWHFC-2025-10, Approving a Loan in an Amount Not to Exceed $500,000.00 to Terrell
Homes GLP, LLC or an Affiliate to Ensure the Continued Operations and Financial Sustainability
of the Terrell Homes Development Located in the Historic Southside Neighborhood. The motion
passed on an 11-0 vote.
8. Consider and Adopt a Resolution Authorizing the Corporation to Perform All Actions
Necessary for Continuing Operations and Management of Terrell Homes — Kacey Bess,
Neighborhood Services Director
Motion was made by Vice President Beck and seconded by Director Nettles to approve Resolution
No. FWHFC-2025-11, Authorizing the Corporation to Perform All Actions Necessary for
Continuing Operations and Management of Terrell Homes. The motion passed on an 11-0 vote.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, JUNE 24, 2025
PAGE 3 of 3
9. Executive Session
There was no Executive Session.
10. Requests for Future Agenda Items
There were no requests for future agenda items.
11. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 5:15 p.m. on Tuesday, June 24, 2025.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 261h day of August, 2025.
APPROV
Carlos Flores
President
ATTEST:
4 9Mr-!DCb an
4Jette S. Goodall
Secretary