HomeMy WebLinkAbout2025-08-26 - Fort Worth Housing Finance Corporation (FWHFC) - Regular - MinutesCITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 26, 2025
Present:
President Carlos Flores
Vice President Elizabeth Beck
Director Michael D. Crain
Director Charlie Lauersdorf
Director Deborah Peoples
Director Mia Hall
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Absent:
Director Parker
Director Hill
Staff:
Dana Burghdoff, General Manager
Kacey Thomas, Assistant General Manager
Leslie L. Hunt, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Ronald P. Gonzales, 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 12:15 p.m. on Tuesday, August 26, 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 June 24, 2025
Motion was made by Director Blaylock and seconded by Director Crain to approve the June 24,
2025, meeting minutes. The motion passed 8-0, Directors Parker and Hall absent and Director
Peoples off dais.
3. Written Reports
a. Unaudited Financial Statement as of June 30, 2025
b. Unaudited Financial Statement as of July 31, 2025
c. Quarterly Investment Report as of June 30, 2025
d. Quarterly Sale of Corporation Land Report as of June 30, 2025
CITY Or FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 26, 2025
PAGE 2 of 3
There was no discussion on the written reports; they were for informational purposes only.
4. Action Items
a. Adopt Amendments to the Housing Finance Corporation's Bylaws and Authorize
Submission to the Fort Worth City Council for Approval — Kacey Thomas, Assistant
General Manager
Kacey Thomas, Assistant General Manager, provided a staff report.
Motion was made by Director Crain, and seconded by Director Lauersdorf, to approve Resolution
No. FWHFC-2025-12, Adopting Amendments to the Housing Finance Corporation's Bylaws and
Authorize Submission to the Fort Worth City Council for Approval. The motion passed 9-0,
Directors Parker and Hill absent.
b. Election of President and Vice President
Kacey Thomas, Assistant General Manager, advised the Board that election of the Board President
and Vice President was appropriate at this time. The motion passed 9-0, Directors Parker and Hill
absent.
Motion was made by Director Nettles and seconded by Director Crain to elect Elizabeth Beth as
President of the Fort Worth Housing Finance Corporation. The motion passed 9-0, Directors
Parker and Hill absent.
Motion was made by Director Beck and seconded by Director Crain to elect Dr. Mia Hall as Vice
President of the Fort Worth Housing Finance Corporation. The motion passed 9-0, Directors
Parker and Hill absent.
c. Review and Readopt the Corporation's Investment Policy and Strategy — Kacey
Thomas, Assistant General Manager
Kacey Thomas, Assistant General Manager, provided a staff report.
Motion was made by Director Crain, and seconded by Director Hall, to approve Resolution No.
FWHFC-2025-13, Readopting the Corporation's Investment Police and Strategy. The motion
passed 9-0, Directors Parker and Hill absent.
d. Consider and Adopt a Resolution Authorizing the Hiring of Outside Legal Counsel
to Advise on Matters Related to Tax Credit Properties Approaching the end of their
15-Year Tax Credit Compliance Period — Kacey Thomas, Assistant General Manager
Kacey Thomas, Assistant General Manager, provided a staff report.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 26, 2025
PAGE 3 of 3
Motion was made by Director Nettles and seconded by Director Beck, to approve Resolution No.
FWHFC-2025-14, Authorizing the Hiring of Outside Legal Counsel to Advise on Matters Related
to Tax Credit Properties Approaching the end of their 15-Year Tax Credit Compliance Period. The
motion passed 9-0, Directors Parker and Hill absent.
e. Consider and Adopt Resolution Approving the Budget in the amount of $2,426,572
for the 2025-2026 Fiscal Year — Kacey Thomas, Assistant General Manager
Kacey Thomas, Assistant General Manager, provided a staff report.
Motion was made by Director Nettles and seconded by Director Crain, to approve Resolution No.
FWHFC-2025-15, Approving the Budget in the amount of $2,426,572 for the 2025-2026 Fiscal
Year. The motion passed 9-0, Directors Parker and Hill absent.
5. Executive Session
There was no Executive Session.
6. Requests for Future Agenda Items
Director Beck requested staff provide examples of how Housing Finance Corporations throughout
the state and nationally generate revenue.
7. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 12:35 p.m. on Tuesday, August 26, 2025.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 301h day of September 2025.
APPROVED:
El'z eth Beck
President
ATTEST:
a ette S. Goodall
ty Secretary