HomeMy WebLinkAboutFWHFC-2026-34 - Fort Worth Housing Finance Corporation (FWHFC) - ResolutionRESOLUTION NO. FWHFC-2026-34
FORT WORTH HOUSING FINANCE CORPORATION
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APPROVING THE BUDGET FOR THE 2026-2027 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 2026-2027 fiscal
year of the Corporation (the "Budget") during the Corporation's meeting on
August 25,2026; and
WHEREAS, the Board desires to adopt the Budget as presented for the
Corporation's 2026-2027 fiscal year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the attached Budget for the Corporation's
2026-2027 fiscal year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted September 29, 2026
FORT WORTH HOUSING FINANCE CORPORATION
By:
Elizabeth Beck, President
Attest:
rp
Jannette S. Goodall
RESOLUTION NO. FWHFC-2026-34
PAGE 2
Proposed Fort Worth Housing Finance Corporation 2026-2027 Budget
Proposed
Revenues
2026-2027
Project Cash Flow
$1,552,096
Developer Fees
1,066,213
Land Sales - Vacant Lots
450,000
Affordable Housing Payments
423,000
Interest on Investments
350,000
Ground Lease Payment
Gas Lease/Royalties
210,000
50,000
Partnership Management Fee
25,450
Interest on Loans
23,293
Loan Repayments
16,521
Loan Origination Fees
5,000
Miscellaneous Revenue
1,0001
Use of Fund Balance
132,208
Total
$4,304,780
Expenditures
Proposed
2026-2027
Affordable Housing Project Expense
$2,362,500
Purchase of Lots
500,000
Terrell Homes Operating Loan
489,397
Transfer to City (Salaries)
369,214
PSH Supportive Services
250,000
Professional Services
140,0001
Audit Fees
65,000
Mowing Services
60,000
Property, Liability & D&O Insurance
45,000
Conferences, Seminars, Training
13,240
Dues, Membership & Renewals
9,880
Office Supplies
500
Postage
50
Total Expenditures
$4,304,780