HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2025-15RESOLUTION NO. FWHFC-2025-15
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING THE BUDGET FOR THE 2025-2026 FISCAL YEAR
WHEREAS, the Board of Directors of the Fort Worth Housing Finance Corporation (the
"Board"), a Texas housing finance corporation (the "Corporation"), reviewed the attached budget
proposed for the 2025-2026 fiscal year of the Corporation (the "Budget") during the Corporation's
meeting on August 26, 2025; and
WHEREAS, the Board desires to adopt the Budget as presented for the Corporation's 2025-
2026 fiscal year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
THAT the Board approves the attached Budget for the Corporation's 2025-2026 fiscal
year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted August 26, 2025
FORT WORTH HOUSING FINANCE CO ORATION
By:
Carlos Flores
President
Attest:
hL=ch co
Jannette S. Goodall
RESOLUTION NO. FWHFC-2025-15
PAGE
Proposed Fort Worth Housing Finance Corporation 2025-2026 Budget
Revenues
Proposed
2025-2026
Project Cash Flow
$700,000
Developer Fees
699,997
Affordable Housing Payments
451,000
Interest on Investments
220,000
Land Sales — Vacant Lots
100,000
Gas Lease — Royalties
35,000
Loan Repayments
16,194
Interest on Loans
13,619
Miscellaneous Revenue
1,000
Use of Fund Balance
148,419
Total
$2,385,229
Expenditures
Proposed
2025-2026
Affordable Housing Project Expense
$756,015
Terrell Homes — Loan
458,657
Transfer to City Salaries
313,680
PSH Supportive Services
255,000
Professional Services
200,000
HOME Match
157,017
Consultant Fees
100,000
Mowing HFC properties
47,090
Contractual services
25,000
Conferences, Seminars, Training
20,000
Audit Fees - CohnRemick
20,000
Dues, Membership & Renewals
16,320
Property, Liability & D&O Insurance
15,000
Office Supplies
500
Printing
500
Property Tax -Mineral Interest
350
Postage
100
Total Expenditures
$2,385,229