HomeMy WebLinkAbout2026-04-28 - Fort Worth Housing Finance Corporation (FWHFC) - Regular - MinutesCITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 28, 2026
Present:
President Elizabeth M. Beck
Vice President Mia Hall
Director Carlos E. Flores
Director Mattie Parker
Director Michael D. Crain
Director Deborah Peoples
Director Macy Hill
Director Alan Blaylock
Director Jeanette Martinez
Absent:
Director Charlie Lauersdorf
Director Chris Nettles
Staff:
Kacey Thomas, Assistant General Manager
Leslie L. Hunt, Senior Assistant City Attorney
Vania Alvarado, City Secretary Staff
1. Call to Order
With a quorum present, President Beck called the meeting to order for the
Board of Directors of the Fort Worth Housing Finance Corporation at 2:04 p.m.
on Tuesday, April 28, 2026, in the City Council Work Session Room, of the Fort
Worth City Hall, 100 Fort Worth Trail, Fort Worth, Texas.
2. Approval of Minutes:
a. Regular Meeting Held on February 24, 2026
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 28, 2026
PAGE 2 of 5
Motion was made by Director Blaylock and seconded by Director Peoples to
approve the February 24, 2026, meeting minutes. The motion passed 9-0.
Directors Lauersdorf and Nettles were absent.
3. Written Reports:
a. Unaudited Financial Statement as of February 28, 2026
b. Unaudited Financial Statement as of March 31, 2026
c. Quarterly Investment Report as of March 31, 2026
d. Quarterly Sale of Corporation Land Report as of March 31, 2026
There was no discussion on the written reports; they were for informational
purposes only.
4. Briefing
a. Annual Independent Auditor's Report for Fiscal Year 2025 - Matt
Stille, CohnReznick
Matt Stille, CohnReznick, provided a staff report.
b. Update on the Housing Finance Corporation Revenue
Benchmarking Study - Kacey Thomas, Assistant General Manager
Kacey Thomas, Assistant General Manager, provided a staff report.
c. Process for Selecting and Evaluating Single -Family Affordable
Housing Developers - Anderson Stoute, Assistant Neighborhood
Services Director
Anderson Stoute, Assistant Neighborhood Services Director, provided a staff
report.
d. Briefing on Terrell Homes Progress - Dyan Anderson,
Neighborhood Services Department
Dyan Anderson, Neighborhood Services Department, provided a staff report.
Director Parker made a comment regarding disposition and whether the
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 28, 2026
PAGE 3 of 5
Board and staff would look at a community land trust acquisition rather than
individual sale. Dyan Anderson responded that in the Fall, staff will bring a
plan including all options and what the future will look like. No further
questions.
5. Action Item:
President Beck announced that Action Items A and B will be taken as one
motion.
a. Consider and Adopt a Resolution Authorizing a Loan in an Amount
not to Exceed $800,000 to Terrell Homes, Ltd, - Anderson Stoute,
Assistant Neighborhood Services Director
Motion was made by Director Martinez and seconded by Director Hall, to
approve Resolution No. FWHFC-2026-30, adopting a Resolution approving a
Loan in an amount not to exceed $800,000 to Terrell Homes, Ltd. through its
General Partner Terrell Homes GP, 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 8-1 with
Director Peoples opposed. Directors Lauersdorf and Nettles were absent.
b. Consider and Adopt a Resolution Authorizing an Amended Budget
in the amount of $800,000 for the 2025-2026 Fiscal Year - Keisha
Light and Anderson Stoute, Assistant Neighborhood Services
Directors
Motion was made by Director Martinez and seconded by Director Hall, to
approve Resolution No. FWHFC-2026-31, adopting a Resolution approving an
Amended Budget in the amount of $800,000 for the 2025-2026 Fiscal Year.
The motion passed 8-1 with Director Peoples opposed. Directors Lauersdorf
and Nettles were Absent
c. Consider and Adopt Amendments to the Policy for the Sale of the
Corporation's Single Family Lots - Anderson Stoute, Assistant
Neighborhood Services Director
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 28, 2026
PAGE 4 of 5
Item was withdrawn from agenda.
6. Executive Session
There was no Executive Session.
7. Requests for Future Agenda Items
There were no requests for future agenda items.
8. Adjourn
With no further discussion, President Beck adjourned the meeting of the Fort
Worth Housing Finance Corporation at 2:48 p.m. on Tuesday, April 28, 2026.
These minutes approved by the Fort Worth Housing Finance Corporation Board
of Directors on the 23 day of June, 2026.
APPROVED:
Elizab(bth M. Beck
President
ATTEST:
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J nnette S. Goodall
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