Housing Corporation Board of Directors public meetings in 2024

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors will meet to decide on the appointment, signatory authority, and salary of an Executive Director. The board will also discuss the Fiscal Year 2025 Operating Budget and the state's 2025 Qualified Allocation Plan.

• Appointment and salary of the LHC Executive Director
• Contract with RAYBRAD, LLC for consulting services
• Acceptance of Audit Results Report for the Single Family Mortgage Revenue Bonds Home Ownership Program
• Discussion of the Fiscal Year 2025 Operating Budget
• Amendments to the 2025 Qualified Allocation Plan (QAP)

The Board appointed Kevin J. Delahoussaye as Executive Director and established his annual salary. The Board also approved a contract with RAYBRAD, LLC for administrative services and accepted a single family program audit report.

• Appointed Kevin J. Delahoussaye as Executive Director (unanimous)
• Recognized Kevin J. Delahoussaye as the Authorized Signatory for the LHC (unanimous)
• Approved Executive Director salary of $225,000.00 per annum effective December 12, 2024 (unanimous)
• Approved contract with RAYBRAD, LLC for Administrative Services for LHC Operations (unanimous)
• Approved Audit Results Report of the LHC Single Family Program (unanimous)
• Approved November 13, 2024 BODM minutes (unanimous)

Housing Corporation Board of Directors

The Administration Committee will vote on resolutions to appoint an LHC Executive Director, grant that director signatory authority, and approve the director's salary. The board will also vote on a consulting contract with RAYBRAD, LLC and discuss updates on electronic meeting rules, CFO hiring, and staffing plans.

• Resolution appointing an LHC Executive Director
• Resolution approving the salary of the LHC Executive Director
• Resolution authorizing contract with RAYBRAD, LLC for consulting services
• Discussion and update on Act 393 regarding electronic meetings
• Discussion and update on hiring of LHC Chief Financial Officer

The Administration Committee unanimously voted to recommend the appointment of Kevin J. Delahoussaye as Executive Director with a salary of $225,000 per annum. The committee also recommended granting him signatory authority and expanding administrative services via a contract with RAYBRAD, LLC. These items were submitted for final approval by the Full Board on December 11, 2024.

• Approved minutes from November 12, 2024 meeting (unanimous)
• Recommended appointment of Kevin J. Delahoussaye as Executive Director (unanimous)
• Recommended granting signatory authority to Kevin J. Delahoussaye (unanimous)
• Recommended $225,000 annual salary for Kevin J. Delahoussaye (unanimous)
• Recommended expanding administrative services contract with RAYBRAD, LLC (unanimous)

Housing Corporation Board of Directors

The Audit Committee reviewed the audit results for the LHC General Fund, Louisiana Housing Authority, and three apartment complexes. The committee voted to submit the report favorably to the Full Board for final approval. The committee also held an executive session to discuss litigation strategies regarding a document request from the Louisiana Legislative Auditor.

• Approved November 12, 2024 Audit Committee Meeting minutes (unanimous)
• Voted to submit June 30, 2024 Audit Results Report favorably to the Full Board (unanimous)
• Entered Executive Session to discuss litigation strategies regarding LLA document request (8-0)
• Exited Executive Session (8-0)

Housing Corporation Board of Directors

The Louisiana Housing Corporation's Audit Committee will vote to accept the external audit report for the Single Family Mortgage Revenue Bonds Home Ownership Program for the fiscal year ended June 30, 2024. The committee will also discuss a performance audit notice from the Louisiana Legislative Auditor and consider entering executive session to discuss anticipated litigation related to the auditor's document request.

• Action: Approval of minutes from November 12, 2024 Audit Committee meeting
• Action: Board acceptance of audit results by Duplantier, Hrapmann, Hogan & Maher, LLP for LHC Single Family Program (year ended June 30, 2024)
• Discussion and update on the Performance Audit on Affordable Housing Programs from the Louisiana Legislative Auditor
• Discussion in Executive Session on anticipated litigation related to LLA document request

Housing Corporation Board of Directors

The Budget and Finance Committee will meet to discuss the Louisiana Housing Corporation's Fiscal Year 2025 Operating Budget, its Balance Sheet, and Profit & Loss by Funding Source. The committee will also hear a presentation on the Louisiana Asset Management Pool and LHC's funds. The meeting includes approval of prior minutes and public comments.

• Discussion of LHC Fiscal Year 2025 Operating Budget
• Discussion of LHC Balance Sheet
• Discussion of LHC Profit & Loss by Funding Source
• Presentation by LAMP CEO Theo Sanders on LHC's funds

The Budget and Finance Committee approved the minutes from its November 12, 2024 meeting. The committee reviewed the FY25 operating budget, balance sheets, and profit and loss statements, and requested a detailed investments report for the next meeting.

• Approved November 12, 2024 BFC Meeting Minutes (unanimous)

Housing Corporation Board of Directors

The Programs Committee will discuss updating the State's 2025 Qualified Allocation Plan to align with priorities from Governor Jeff Landry's July 1, 2024 letter. The committee will also review a revised program schedule.

• Approval of the November 12, 2024, Programs Committee Meeting minutes
• Discussion regarding amendments to the 2025 Qualified Allocation Plan (QAP)
• Review of a revised program schedule

The Programs Committee approved the minutes from its November 12, 2024, meeting. The committee also discussed the 2025 Qualified Action Plan (QAP), including cost containment and rural project challenges, but took no formal action on the plan.

• Approved November 12, 2024 Programs Committee Meeting minutes (unanimous)

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on issuing up to $92 million in Multifamily Housing Revenue Bonds for NSA East Bank Apartments in New Orleans, the largest of 20 proposed bond issuances. The board will also consider adopting the FY 2025 operating budget and accepting the external audit report for the Single Family Program.

• Adoption of LHC Operating Budget for Fiscal Year Ending June 30, 2025
• Issuance of up to $92,000,000 in bonds for NSA East Bank Apartments, New Orleans
• Issuance of up to $52,215,000 in bonds for The Batture Apartments, New Orleans
• Supplemental resolution for $5,000,000 bridge loan for Natchitoches Thomas Apartments
• Acceptance of external audit results for LHC Single Family Program

The Board adopted the Fiscal Year 2025 Operating Budget and approved numerous Multifamily Housing Revenue Bonds for developments across Louisiana. The Board also designated the Executive Management Team's oversight responsibilities and approved the inclusion of Lakeview Loan Servicing, LLC as a Master Servicer.

• Approved FY2025 Operating Budget (unanimous)
• Approved inclusion of Lakeview Loan Servicing, LLC as Master Servicer (unanimous)
• Approved up to $9M in bonds for Grand Oaks in Plaquemine (unanimous)
• Approved additional $5M in Taxable Governmental Notes for Natchitoches Thomas Apartments (unanimous)
• Approved up to $19.5M in bonds for 263 Third in Baton Rouge (unanimous)
• Approved up to $10M in bonds for Barret Senior Lofts in Shreveport (unanimous)
• Approved up to $52,215,000 in bonds for The Batture Apartments in New Orleans (unanimous)
• Designated Executive Management Team oversight roles effective Nov 2, 2024 (unanimous)

Housing Corporation Board of Directors

The Administration Committee will discuss and take action on the LHC staffing plan and vacant positions, and receive an update from the task force overseeing the hiring of a new Chief Financial Officer. The committee will also discuss establishing board access to internal network files, a grievance hotline for employees, and an RFP review for repairs at Willowbrook Apartments in New Orleans.

• Discussion and update from task force overseeing hiring of LHC Chief Financial Officer
• Discussion/action regarding LHC Staffing Plan and update on current vacant positions
• Discussion on LHC Grievance Hotline for Employees
• Discussion regarding RFP review for repairs at Willowbrook Apartments (7001 Bundy Road, New Orleans)
• Update on Mid-City Apartments facility (1690 North Boulevard, Baton Rouge) rental occupancy

The committee approved a new Executive Management Team structure to oversee legal, technology, human resources, and program operations. The board also approved meeting minutes from August and October 2024. Other items discussed included CFO hiring, staff vacancies, and apartment complex updates.

• Approved October 29, 2024 Special Administration Committee Minutes (unanimous)
• Approved August 13, 2024 Administration Committee Minutes (unanimous)
• Approved designating Executive Management Team (EMT) roles for Leslie Chambers, Brenda Evans, and Jarvis Lewis (unanimous)
• Approved suspending rules to add electronic signature protocol discussion to the agenda (unanimous)

Housing Corporation Board of Directors

The Audit Committee will vote to accept the external audit report on the LHC Single Family Mortgage Revenue Bonds Home Ownership Program for the fiscal year ending June 30, 2024. The committee will also discuss a November 7, 2024 performance audit on affordable housing programs from the Louisiana Legislative Auditor. Public comments are accepted via email or in-person sign-up.

• (ACTION) Approval of minutes from October 8, 2024 Audit Committee Meeting
• (ACTION) Board Acceptance of Audit Results Report by Duplantier, Hrapmann, Hogan & Maher, LLP for LHC Single Family Program FY 2024
• Discussion regarding November 7, 2024 Performance Audit on Affordable Housing Programs from the Louisiana Legislative Auditor
• Public comments limited to 3 minutes per speaker

The Audit Committee unanimously approved the minutes from the October 8, 2024 meeting. A report on the Single Family Program was deferred to December 10, and the committee noted a scheduled entrance conference for a performance audit on November 20.

• Approved October 08, 2024 Audit Committee Meeting minutes (unanimous)
• Deferred Audit Results Report for Single Family Program to December 10

Housing Corporation Board of Directors

The Budget and Finance Committee will vote on a resolution adopting the Louisiana Housing Corporation's operating budget for the fiscal year ending June 30, 2025. The committee will also discuss LHC financial reports and consider approval of minutes from the October 8, 2024 meeting. Public comments are accepted via email or in person.

• Resolution adopting LHC Operating Budget for FY ending June 30, 2025 (Exhibit A)
• Discussion of LHC Financial Reports
• Approval of minutes from October 8, 2024 Budget and Finance Committee meeting

The Budget and Finance Committee approved submitting the FY25 Operating Budget to the Full Board. The committee directed consultants and management to eliminate $1,577,125 from the remaining budget to address operating losses.

• Approved October 08, 2024 BFC Meeting Minutes (unanimous)
• Approved submitting the FY25 Operating Budget to the Full Board for the November 13, 2024 meeting
• Directed RAYBRAD, LLC and Executive Management Team to eliminate $1,577,125 from the remainder of the FY2025 Operating Budget

Housing Corporation Board of Directors

The Louisiana Housing Corporation's Programs Committee will consider approving over $350 million in multifamily housing revenue bonds and tax credits for 16 developments across Louisiana, including projects in New Orleans, Baton Rouge, Shreveport, and other parishes. The committee will also vote on adding Lakeview Loan Servicing as a Master Servicer and approving additional bridge loan financing for Natchitoches Thomas Apartments.

• $92M in bonds proposed for NSA East Bank Apartments in New Orleans
• $52.2M in bonds proposed for The Batture Apartments in New Orleans
• $25M in bonds proposed for Central Point Senior Village in Pineville
• $9M in bonds proposed for Grand Oaks in Plaquemine
• Supplemental $5M bridge loan for Natchitoches Thomas Apartments

Housing Corporation Board of Directors

The Administration Committee passed several resolutions to be submitted favorably to the Full Board. These include expanding administrative services via RAYBRAD LLC and designating new executive management staff. The committee also recommended appointing the Board Chairman as the authorized signatory for the corporation.

• Recommended expanding administrative services provided by RAYBRAD, LLC to guide LHC until an Executive Director is appointed (Passed; 1 abstention)
• Recommended designating Leslie R. Chambers, Brenda Evans, and Jarvis Lewis as Executive Management Staff (Passed; 1 abstention)
• Recommended abolishing previous Delegations of Authority and appointing Chairman Stephen I. Dwyer as Authorized Signatory (Passed; 1 abstention)
• Approved establishing a Task Force to oversee the hiring of the LHC Chief Financial Officer (Passed unanimously)

Housing Corporation Board of Directors

The Board approved a resolution to expand administrative services provided by RAYBRAD, LLC to guide the corporation until an Executive Director is appointed. The Board also designated executive management staff, appointed the Board Chairman as the authorized signatory, and created a task force to hire a Chief Financial Officer.

• Approved expanding administrative services provided by RAYBRAD, LLC (1 abstain)
• Designated Leslie R. Chambers, Brenda Evans, and Jarvis Lewis as Executive Management Staff (2 abstains)
• Abolished previous Delegations of Authority and appointed Chairman Stephen I. Dwyer as Authorized Signatory (1 abstain)
• Established a Task Force to oversee the hiring of the LHC Chief Financial Officer (1 abstain)

Housing Corporation Board of Directors

The Administration Committee will meet to discuss leadership changes within the Louisiana Housing Corporation. The Board is scheduled to vote on appointing an Interim Executive Director and updating authorized signatories.

• Approval of the August 13, 2024, Administration Committee meeting minutes
• Resolution for the appointment of an Interim Executive Director
• Resolution abolishing previous Delegations of Authority to recognize the Interim Executive Director as Authorized Signatory

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors is holding a special meeting to appoint an interim executive director and to abolish previous delegations of authority, recognizing the interim director as the authorized signatory. The agenda includes only these two action items and standard procedural items.

• Resolution to appoint an interim executive director
• Resolution to abolish all previous delegations of authority and recognize the interim executive director as authorized signatory

The Board approved expanding administrative services provided by RAYBRAD, LLC and designated new Executive Management Staff. It also abolished previous delegations of authority and established a task force to oversee the hiring of a Chief Financial Officer.

• Approved expanding administrative services provided by RAYBRAD, LLC (1 abstain)
• Designated Leslie R. Chambers, Brenda Evans, and Jarvis Lewis as Executive Management Staff (2 abstains)
• Abolished previous Delegations of Authority and appointed Chairman Stephen I. Dwyer as Authorized Signatory (1 abstain)
• Established a Task Force to oversee the hiring of the LHC Chief Financial Officer (1 abstain)

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board approved $125M in Single Family Mortgage Revenue Bonds and extended its short-term operating budget. The Board also accepted the resignation of Executive Director Marjorianna Willman and approved funding increases for two multifamily housing projects.

• Extended $11.5M short-term operating budget through December 1, 2024 (Unanimous)
• Authorized $125M in Single Family Mortgage Revenue Bonds via Federal Home Loan Bank of Dallas (Unanimous)
• Approved $500,000 additional funding for Baronne Lofts in New Orleans (Unanimous)
• Approved $5,000,000 additional funding for Sabine Trace in Merryville (Unanimous)
• Authorized site location and design change for King Oaks V in Shreveport (Unanimous)
• Approved awarding funds to highest scoring proposers for HOME-ARP and HHSD NOFAs (Unanimous)
• Accepted resignation of Executive Director Marjorianna Willman effective Nov 1, 2024 (Unanimous)
• Deferred appointment of Interim Executive Director and signatory authority to Administration Committee (Unanimous)

Housing Corporation Board of Directors

The Louisiana Housing Corporation's Administration Committee will meet to discuss several operational items, including establishing protocols for board access to internal files, requiring board approval for contracts over a certain dollar amount, and reviewing the FY25 staffing plan and current vacancies. The committee will also consider a resolution recognizing Domestic Violence Awareness Month and discuss a contract amendment for the City of Lake Charles HOME Program.

• Resolution recognizing October as Domestic Violence Awareness Month
• Discussion on requiring board approval for contracts over a certain dollar amount
• Discussion on LHC FY25 Staffing Plan and update on current vacant positions
• Discussion on City of Lake Charles HOME Program contract amendment
• RFP review for repairs at Willowbrook Apartments, 7001 Bundy Road, New Orleans

Housing Corporation Board of Directors

The Audit Committee will meet to approve previous meeting minutes and accept an audit results report from external auditors. The Board will also enter an executive session to discuss litigation strategies regarding a document request from the Louisiana Legislative Auditor.

• Approval of August 13, 2024, Audit Committee meeting minutes
• Acceptance of audit results from Duplantier, Hrapmann, Hogan & Maher, LLP for LHC General Fund, Willowbrook Apartments, Village de Jardin Apartments, Mid-City Gardens Apartments, and Louisiana Housing Authority
• Executive session discussion regarding anticipated litigation related to a Louisiana Legislative Auditor document request

Housing Corporation Board of Directors

The Budget and Finance Committee will meet to review the Louisiana Housing Corporation's upcoming fiscal year. The committee is scheduled to vote on adopting the operating budget for the fiscal year ending June 30, 2025, and will receive a report on revenues and expenditures from July through August 2024.

• Approval of the August 13, 2024, meeting minutes
• Resolution adopting the LHC Operating Budget for the fiscal year ending June 30, 2025
• Report regarding LHC FY25 operating budget revenues and expenditures from July - August, 2024

The Budget and Finance Committee approved a resolution to extend the $11.5M short-term operating budget from November 1, 2024, to December 1, 2024. This recommendation will be submitted to the Full Board for final approval on October 9, 2024. The committee stated it is not yet ready to approve the full FY25 Operating Budget.

• Approved August 13, 2024 BFC Meeting Minutes (unanimous)
• Recommended approval of $11.5M short-term operating budget extension through December 1, 2024

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee is meeting to authorize various revenue bonds for multifamily housing developments across the state. The body will also consider interim warehouse financing for mortgage-backed securities and the awarding of HOME-ARP program funds.

• Interim warehouse financing of mortgage-backed securities not exceeding $125,000,000
• Multifamily Housing Revenue Bonds for The Batture Apartments in New Orleans up to $98,000,000
• Multifamily Housing Revenue Bonds for NSA East Bank Apartments in New Orleans up to $92,000,000
• Multifamily Housing Revenue Bonds for Central Point Senior Village in Pineville up to $25,000,000
• Awarding of funds for HOME American Rescue Plan Program (HOME-ARP) Services and Non-Profits Assistance

The Programs Committee approved several resolutions to be submitted to the Full Board for final approval, including $125M in mortgage revenue bonds and funding increases for projects in New Orleans and Merryville. The committee deferred 15 agenda items related to bond issuances until November due to cost containment discussions with the State Bond Commission.

• Approved August 13, 2024 meeting minutes (unanimous)
• Recommended $125M Single Family Mortgage Revenue Bonds interim financing for Full Board approval
• Recommended $125M Single Family Mortgage Revenue Bonds purchase terms for Full Board approval
• Deferred Agenda Items #7-21 (bond issuances) to November 12/13 meetings
• Recommended $500,000 funding increase for Baronne Lofts in New Orleans for Full Board approval
• Recommended $5M funding increase for Sabine Trace in Merryville for Full Board approval
• Recommended site and design change for King Oaks V in Shreveport for Full Board approval
• Recommended awarding funds to highest scoring proposers for HOME-ARP and HHSD NOFAs for Full Board approval

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on adopting the FY2025 operating budget and authorizing up to $125 million in interim warehouse financing for mortgage-backed securities. The board will also consider resolutions for 18 multifamily housing revenue bond issuances totaling over $500 million for developments across the state, including projects in Baton Rouge, New Orleans, Shreveport, and other parishes. Additionally, the board will discuss the HARP appliance replacement program and hear from the HUD New Orleans field office director.

• Adoption of FY2025 operating budget (Exhibit A)
• Up to $125M interim warehouse financing for mortgage-backed securities via Federal Home Loan Bank of Dallas
• Bond issuances for 18 multifamily projects, including $98M for The Batture Apartments (New Orleans) and $92M for NSA East Bank Apartments (New Orleans)
• Resolution to award HOME-ARP funds to highest scoring proposers for services and non-profits assistance
• Site relocation and design change for King Oaks V in Shreveport (70 townhome-style units)

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors is meeting to consider a resolution regarding the agency's operating budget. The board will vote on extending a previously adopted short-term budget for the period of October 1, 2024, through November 1, 2024.

• Resolution to extend the $11.5M Short-Term LHC Operating Budget through November 1, 2024

The Board unanimously approved a resolution to extend the short-term Fiscal Year 2024-2025 operating budget. This extension covers the period from October 1, 2024, to November 1, 2024.

• Approved $11.5M short-term operating budget extension for Oct 1 – Nov 1, 2024 (Unanimous)

Housing Corporation Board of Directors

The Housing Corporation Board of Directors is conducting an orientation retreat from September 18 to September 20, 2024. The event focuses on board roles, responsibilities, and presentations from the executive management and leadership teams regarding LHC programs.

• Presentations on Community Development Block Grant, Disaster Recovery, and Homelessness Solutions
• Review of board roles and responsibilities by Dr. Christel Slaughter, Ph.D.
• Site tour of Cypress Pinchback Apts. at 501 Gardere Lane
• Site tour of LSU Louisiana House at 3622 Gourrier Avenue
• Site tour of Forest Oaks New Housing Development at 5331 North Foster Drive

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors will vote on resolutions authorizing multifamily housing revenue bonds and low-income housing tax credits for 12 developments across the state, totaling over $350 million. The board will also consider adopting the FY2025 operating budget, awarding HOME-ARP and HHSD program funds, and discussing amendments to the 2025 Qualified Allocation Plan. Updates on the Home Appliance Replacement Program and Rental Restoration Program are also on the agenda.

• Action on $92M bond for NSA East Bank Apartments at 4400 Dauphine St, New Orleans
• Action on $98M bond for The Batture Apartments at 1494 Tchoupitoulas St, New Orleans
• Action on $19.5M bond for developments at 263 Third St and 224 Florida St, Baton Rouge
• Action to adopt FY2025 operating budget (Exhibit A)
• Discussion on amending the 2025 Qualified Allocation Plan per Governor Landry's priorities

Housing Corporation Board of Directors

The Administration Committee will discuss establishing protocols for board access to LHC internal network files, the FY25 staffing plan, and the 2024 Louisiana Housing Conference. No votes are scheduled on these items; the only action item is approval of prior meeting minutes.

• Discussion on board access to LHC internal network files and documents
• Discussion on LHC FY25 Staffing Plan
• Discussion on 2024 Louisiana Housing Conference
• Approval of August 13, 2024 meeting minutes

Housing Corporation Board of Directors

The Budget and Finance Committee will meet to discuss the Louisiana Housing Corporation's fiscal year 2025 operating budget. The committee is scheduled to review revenue and expenditure reports from July 1 through August 1, 2024.

• Approval of the August 13, 2024, meeting minutes
• Resolution adopting the LHC Operating Budget for the fiscal year ending June 30, 2025
• Report on FY25 operating budget revenues and expenditures from July 01 – August 01, 2024

Housing Corporation Board of Directors

The Programs Committee will consider resolutions authorizing up to $350 million in multifamily housing revenue bonds for 13 developments across Louisiana, including projects in Baton Rouge, Shreveport, New Orleans, and other parishes. The board will also discuss amending the 2025 Qualified Allocation Plan to align with Governor Landry's priorities and vote on awarding funds for the HOME-ARP and Homeless & Housing Stability programs.

• Discussion on amending the 2025 Qualified Allocation Plan to align with Governor Landry's priorities
• Up to $19.5M in bonds for 263 Third Street and 224 Florida Street, Baton Rouge
• Up to $92M in bonds for NSA East Bank Apartments at 4400 Dauphine Street, New Orleans
• Up to $98M in bonds for The Batture Apartments at 1494 Tchoupitoulas Street, New Orleans
• Vote to award funds for HOME-ARP Services and Non-Profits Assistance NOFA

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on issuing up to $24 million in multifamily housing revenue bonds for The Reserve at Lapalco Place in Marrero, and up to $125 million in single-family mortgage revenue bonds. They will also consider adopting the FY2025 operating budget, expanding the Keys for Service Homeownership Program, and discussing legislative auditor recommendations for LIHTC bond applications.

• Resolution to issue up to $24,000,000 in Multifamily Housing Revenue Bonds for The Reserve at Lapalco Place, 5301 Lapalco Boulevard, Marrero
• Resolution to issue up to $125,000,000 in Single Family Mortgage Revenue Bonds
• Resolution adopting the LHC Operating Budget for FY ending June 30, 2025
• Resolution to expand qualifications for the Keys for Service Homeownership Program
• Discussion of Louisiana Legislative Auditor recommendations for LIHTC Bond Applications

Housing Corporation Board of Directors

The Administration Committee approved the July 9, 2024, meeting minutes and recommended the Full Board approve changes to the HOME Program Administration Policy. A request for Board access to internal network files was referred back to the committee for further analysis. The committee also received updates on the Willowbrook Apartment fire and the FY25 staffing plan.

• Approved July 09, 2024 Administration Committee Meeting Minutes (Unanimous)
• Recommended approval of HOME Program Administration Policy changes to Full Board
• Approved 5% of 2023 HOME Program funds ($555,905.20) for CHDO Operating
• Required Board approval on HOME Program Policy and Budget
• Prioritized HOME fund investments in LHC's Jurisdiction first
• Required quarterly CHDO meetings, orientation, and training workshops
• Required annual onsite field visits by HOME Program staff on active projects
• Referred Board access to internal network files resolution back to Administration Committee

Housing Corporation Board of Directors

The Audit Committee will review the FY 2024 financial audit kick-off and the FY 2025 internal audit plan. The committee is also scheduled to discuss anticipated federal program audits.

• Approval of November 07, 2023, Audit Committee meeting minutes
• Resolution adopting the Louisiana Compliance Questionnaire for Audit Engagements of Governmental Entities
• Discussion regarding FY 2024 Financial Audit kick-off
• Discussion regarding FY 2025 Internal Audit Plan
• Discussion regarding scheduled and anticipated Federal Program Audits

The Audit Committee approved the minutes from November 7, 2023. The committee voted to favorably submit the Louisiana Compliance Questionnaire for Audit Engagements of Governmental Entities to the full board for final approval on August 14, 2024.

• Approved November 07, 2023 Audit Committee Meeting minutes (unanimous)
• Voted to submit Louisiana Compliance Questionnaire for Audit Engagements of Governmental Entities favorably to the Full Board

Housing Corporation Board of Directors

The Budget and Finance Committee will vote on a resolution adopting the Louisiana Housing Corporation's operating budget for the fiscal year ending June 30, 2025. The committee will also receive a report on FY25 revenues and expenditures for July 1-31, 2024. Public comments are accepted via email or in person.

• Resolution adopting LHC Operating Budget for FY ending June 30, 2025 (Exhibit A)
• Report on FY25 operating budget revenues and expenditures from July 1-31, 2024
• Approval of minutes from July 9, 2024 committee meeting
• Public comments limited to 3 minutes per speaker

The Budget and Finance Committee approved extending a $11.5M short-term operating budget through October 1, 2024. The committee declined to approve the full FY25 Operating Budget at this time, citing a need for further dialogue and a more conservative budget report.

• Approved July 09, 2024 BFC Meeting minutes (unanimous)
• Recommended for Full Board approval the extension of the $11.5M Short-Term LHC Operating Budget for September 01, 2024 — October 01, 2024
• Maintained suspension of non-mandated pay increases and new employee hiring during the short-term budget period

Housing Corporation Board of Directors

The Administration Committee of the Louisiana Housing Corporation Board will discuss the status of Willowbrook Apartments in New Orleans following a fire incident and the agency's FY25 staffing plan. The meeting includes approval of prior minutes and public comments.

• Discussion of Willowbrook Apartments post-fire at 7001 Bundy Road, New Orleans
• Discussion of LHC FY25 Staffing Plan
• Approval of minutes from July 9, 2024 meeting

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee is meeting to vote on several funding resolutions and contracts. The body will discuss amending the 2025 Qualified Allocation Plan to align with Governor Jeff Landry's priorities.

• Issuance of up to $125 million in Single Family Mortgage Revenue Bonds
• Issuance of up to $24 million in Multifamily Housing Revenue Bonds for The Reserve at Lapalco Place (5301 Lapalco Boulevard, Marrero)
• Contract with Team Title, L.L.C. d/b/a Team Civic Solutions for CDBG-DR Housing Programs legal services
• Adoption of the LHC HOME Budget for the Fiscal Year Ending June 30, 2024
• Expansion of qualifications for the Keys for Service Homeownership Program

The Programs Committee voted to favorably submit several resolutions to the Full Board for final approval. These include a contract for legal services, a cost containment initiative, and the expansion of homeownership program qualifications.

• Approved July 09, 2024 meeting minutes (Unanimous)
• Recommended contract with Team Title LLC dba Team Civic Solutions for CDBG-DR Housing Programs legal services (1 Abstain)
• Recommended issuing up to $24M in Multifamily Housing Revenue Bonds for The Reserve at Lapalco Place in Marrero
• Recommended a new cost containment initiative to review project policy mandates and underwriting criteria
• Recommended expanding qualifications for the Keys for Service Homeownership Program

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors will hold its annual meeting to address several administrative and financial matters. Key discussions include amending the operating budget regarding employee pay raises and hiring, as well as reviewing property management for various apartment complexes.

• Amendment to clarify halting employee pay raises and hirings in the operating budget
• Presentation on Morningside at Juban Lakes and The Reserve at Juban Lakes developments
• Discussion of Willowbrook, Village de Jardin, and Mid-City Gardens apartments
• Proposed disposition of LHC-owned vacant property on Eddie Robinson Drive
• Resolution to authorize RFPs for title, closing, foreclosure, and consultant services

The Board approved a short-term operating budget of $11.5M through September 1, 2024, which freezes most pay increases and new hiring. Members also approved contracts for title services and a housing needs assessment. Tonya P. Mabry was elected Board Vice-Chairwoman.

• Elected Tonya P. Mabry as Board Vice-Chairwoman by acclamation
• Approved June 12, 2024 meeting minutes (unanimous)
• Approved amendment to LHC Bylaws regarding Board Chair election (unanimous)
• Indefinitely deferred annual sensitivity training for employees (unanimous)
• Approved $11.5M short-term operating budget (July 1 - Sept 1, 2024) with hiring and pay freezes (unanimous)
• Approved prompt filling of two open positions in the Housing Department (passed; 1 abstain)
• Approved contract with Team Title for Professional Title, Closing, and Foreclosure Services (unanimous)
• Approved contract with Novogtadac for Housing Needs Assessment consultant services (unanimous)

Housing Corporation Board of Directors

The Budget and Finance Committee will vote on an amendment to clarify a previous action halting employee pay raises and hiring, and will discuss the LHC operating budget for FY ending June 30, 2025. The meeting is scheduled for July 9, 2024.

• Action to amend previous action halting employee pay raises and hiring
• Discussion of LHC operating budget for fiscal year ending June 30, 2025
• Discussion of scheduling quarterly budget committee meetings
• Public comments accepted via email or during meeting

The Budget and Finance Committee approved a recommendation to the Full Board for a $11.5M short-term operating budget effective July 1 through September 1, 2024. This budget suspends most pay increases and the creation of new employee positions. The committee also held discussions regarding the full FY25 operating budget and HUD penalties.

• Approved June 11, 2024 BFC Meeting minutes (unanimous)
• Recommended to Full Board a $11.5M short-term FY25 budget (July 1 - Sept 1, 2024) suspending all pay increases except those mandated by State Civil Service
• Recommended to Full Board a $11.5M short-term FY25 budget suspending all new hiring except for existing State Civil Service vacancies approved by the LHC Board
• Recommended to Full Board that no additional positions be created during the short-term budget period

Housing Corporation Board of Directors

The Administration Committee will discuss property management for three apartment complexes, the sale of vacant land on Eddie Robinson Drive, and contracts for appraisals and capital needs assessments. The board will also vote on amending bylaws per Senate Bill 462 and requiring annual sensitivity training for employees.

• Discussion with Rampart Property Management on Willowbrook Apartments (7001 Bundy Road, New Orleans), Village de Jardin Apartments (8801 Lake Forest Boulevard, New Orleans), and Mid-City Gardens Apartments (1690 North Boulevard, Baton Rouge)
• Discussion on proposed disposition of LHC-owned vacant property on Eddie Robinson Drive, Baton Rouge
• Discussion of contract with Cook, Moore, Davenport & Associates for appraisals of LHC-owned properties
• Discussion of contract with Moran Construction Consultants, LLC for capital needs assessments of LHC-owned properties
• Action on resolution to amend LHC Bylaws per Senate Bill 462 regarding selection of Board Chair

The Administration Committee approved the June 11, 2024 minutes and recommended that the Full Board approve amendments to the LHC Bylaws regarding the selection of the Board Chair. The committee also recommended the Full Board authorize annual sensitivity training for employees. A contract for property appraisals was deferred until the FY25 Operating Budget is approved.

• Approved June 11, 2024 Administration Committee Meeting minutes (unanimous)
• Deferred contract with Cook, Moore, Davenport & Associates for appraisals until FY25 Operating Budget approval (unanimous)
• Indefinitely deferred annual sensitivity training matter (unanimous)
• Submitted favorably to Full Board: Amendment to LHC Bylaws regarding Board Chair selection
• Submitted favorably to Full Board: Requirement for LHC employees to attend annual sensitivity training

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee will vote on selecting proposers for professional title, closing, foreclosure, and housing needs assessment services. The committee will also discuss the 2025 Qualified Allocation Plan and the PRIME 3 Program Awards.

• Contract selection for Professional Title, Closing & Foreclosure Services
• Contract selection for Consultant Services for the Louisiana Housing Needs Assessment
• Discussion of the 2025 Qualified Allocation Plan (QAP)
• Discussion of Piggyback Resilience Initiative – Mixed Income (PRIME 3) Program Awards
• Update on the HOME Investment Partnership Program and Housing Tour

The Programs Committee approved submitting two vendor selections to the Full Board for final approval. The committee also received reports on the 2025 QAP, PRIME-3 awards, and HOME IPP and CHDO tours.

• Approved June 11, 2024 Programs Committee Meeting minutes (unanimous)
• Recommended Team Civic Solutions — Team Title for Professional Title, Closing, and Foreclosure Services for Full Board approval
• Recommended Novogradac and Company LLP for Louisiana Housing Needs Assessment consultant services for Full Board approval

Housing Corporation Board of Directors

The Louisiana Housing Corporation Administration Committee is meeting to discuss the management of three apartment complexes and a vacant property in Baton Rouge. The board will also consider contracts for property appraisals and capital needs assessments.

• Discussion with Rampart Property Management regarding Willowbrook, Village de Jardin, and Mid-City Gardens Apartments
• Discussion regarding LHC-owned vacant property on Eddie Robinson, Sr. Drive in Baton Rouge
• Proposed contract with Cook, Moore, Davenport & Associates for property appraisals
• Proposed contract with Moran Construction Consultants, LLC for capital needs assessments

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on a short-term operating budget, contracts for consultant and legal services, and property management for three apartment complexes. They will also consider issuing up to $80 million in single-family mortgage revenue bonds and $18 million in multifamily housing revenue bonds for the Parkwood Place project in Houma. Discussions include a staffing plan, strategic plan, and a proposed bylaw amendment regarding chair selection.

• Resolution to issue up to $80M in Single Family Mortgage Revenue Bonds
• Resolution to issue up to $18M in Multifamily Housing Revenue Bonds for Parkwood Place Project in Houma
• Contracts for property management services at Village de Jardin Apartments (New Orleans), Willowbrook Apartments (New Orleans), and Mid-City Gardens Apartments (Baton Rouge)
• Resolution adopting a short-term LHC Operating Budget for July 1 – September 1, 2024
• Resolution authorizing a consultant contract with RayBrad LLC and legal representation with Law Offices of R. Gray Sexton

The Board approved a short-term operating budget for FY25 and authorized several million dollars in housing revenue bonds. The Board also approved contracts for consulting, legal services, and property management for three apartment complexes.

• Approved $11.5M Short-Term FY25 Operating Budget for July 1 – Sept 1, 2024 (Unanimous)
• Approved consulting contract with RAYBRAD, LLC (Passed; 1 abstain)
• Approved contract with The Law Offices of R. Gray Sexton (Unanimous)
• Approved property management for Village de Jardin Apartments, New Orleans (Unanimous)
• Approved property management for Willowbrook Apartments, New Orleans (Unanimous)
• Approved property management for Mid-City Gardens Apartments, Baton Rouge (Unanimous)
• Approved purchase of up to $80M Single Family Mortgage Revenue Bonds (Unanimous)
• Approved up to $18M Multifamily Housing Revenue Bonds for Parkwood Place Project in Houma (Unanimous)

Housing Corporation Board of Directors

The Administration Committee approved several resolutions to be submitted to the Full Board for final approval, including property management for three apartment complexes. The committee also authorized the development of a consulting contract with RayBrad, LLC.

• Approved development of consulting services contract with RayBrad, LLC (Unanimous)
• Recommended approval of contract with The Law Offices of R. Gray Sexton to the Full Board
• Recommended Rampart Management Services for Village de Jardin Apartments to the Full Board
• Recommended Rampart Management Services for Willowbrook Apartments to the Full Board
• Recommended Rampart Management Services for Mid-City Gardens Apartments to the Full Board

Housing Corporation Board of Directors

The Louisiana Housing Corporation Administration Committee will consider several action items, including approving contracts for consultant services and legal representation, and selecting property management firms for three apartment complexes: Village de Jardin, Willowbrook, and Mid-City Gardens. The committee will also discuss the LHC staffing plan and strategic plan, and receive a notice of intent to amend bylaws per Senate Bill 462 regarding chair selection.

• Resolution to contract with RayBrad LLC for consultant services as needed
• Resolution to contract with The Law Offices of R. Gray Sexton for legal representation
• Resolution to select property management services for Village de Jardin Apartments (8801 Lake Forest Boulevard, New Orleans)
• Resolution to select property management services for Willowbrook Apartments (7001 Bundy Road, New Orleans)
• Resolution to select property management services for Mid-City Gardens Apartments (1690 North Boulevard, Baton Rouge)

Housing Corporation Board of Directors

The Budget and Finance Committee of the Louisiana Housing Corporation Board will discuss and vote on a resolution to adopt a short-term operating budget for July 1, 2024 through September 1, 2024, related to the fiscal year ending June 30, 2025. The meeting also includes approval of prior minutes and public comments.

• Approval of minutes from June 4, 2024 Budget and Finance Committee meeting
• Discussion and resolution adopting a Short-Term LHC Operating Budget for July 1, 2024 - September 1, 2024
• Public comments limited to 3 minutes per speaker

The Budget and Finance Committee approved a resolution to adopt a short-term operating budget for the period of July 1, 2024, to September 1, 2024. This partial budget is based on six months of the FY24 budget and will be submitted to the Full Board for final approval on June 12, 2024.

• Approved minutes of the June 04, 2024 BFC Meeting (unanimous)
• Favorably recommended $11.5M Short-Term LHC Operating Budget for July 01, 2024 - September 01, 2024

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee is meeting to discuss mortgage revenue bonds and multifamily housing developments. The committee will also consider an agreement with the City of Lake Charles regarding CDBG-DR fund disbursement.

• Resolution for purchase of up to $80,000,000 in Single Family Mortgage Revenue Bonds
• Intention to issue up to $18,000,000 in Multifamily Housing Revenue Bonds for Parkwood Place Project in Houma
• Subrecipient Agreement with the City of Lake Charles for CDBG-DR fund disbursement and oversight
• Updates regarding PRIME 2 and PRIME 3 programs

The Programs Committee approved submitting two bond resolutions to the Full Board for final approval. These include a proposal for Single Family Mortgage Revenue Bonds and funding for the Parkwood Place Project in Houma. The committee also discussed funding for the City of Lake Charles and PRIME programs.

• Approved May 07, 2024 meeting minutes (unanimous)
• Recommended for Full Board approval: purchase of up to $80M Single Family Mortgage Revenue Bonds
• Recommended for Full Board approval: issuance of up to $18M Multifamily Housing Revenue Bonds for Parkwood Place Project in Houma

Housing Corporation Board of Directors

The Budget and Finance Committee will meet to discuss and vote on adopting the Louisiana Housing Corporation operating budget for the fiscal year ending June 30, 2025. The committee will also review minutes from the May 07, 2024 meeting.

• Resolution adopting the LHC Operating Budget for Fiscal Year Ending June 30, 2025
• Approval of the May 07, 2024 Budget and Finance Committee Meeting minutes

The Budget and Finance Committee postponed a recommendation on the FY25 Draft Operating Budget to allow for further analysis and a legal opinion on a short-term budget. The committee requested 20 specific items of information regarding LHC-owned properties, staffing, and financial reporting. The minutes from the May 07, 2024 meeting were approved.

• Approved May 07, 2024 BFC Meeting Minutes (unanimous)
• Postponed recommendation on Draft FY25 LHC Operating Budget (unanimous)
• Scheduled follow-up BFC meeting for June 11, 2024 at 2:30pm (unanimous)

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will discuss and vote on several items, including a resolution authorizing up to $125 million in Single Family Mortgage Revenue Bonds. The board will also consider the FY2025 draft operating budget and recognize June 2024 as Homeownership Month. New board members Wendy Gentry and Kristen C. O'Keefe will be sworn in.

• Resolution authorizing $125M in Single Family Mortgage Revenue Bonds
• Discussion of FY2025 draft operating budget
• Recognition of June 2024 as Homeownership Month
• Swearing-in of new board members Wendy Gentry and Kristen C. O'Keefe
• Approval of April 17, 2024 meeting minutes

Housing Corporation Board of Directors

The Louisiana Housing Corporation's Budget and Finance Committee will meet to discuss the draft Fiscal Year 2025 operating budget. The agenda includes approval of prior meeting minutes and public comments. No other substantive items are listed.

• Discussion of draft FY2025 LHC operating budget (July 1, 2024 – June 30, 2025)

The committee approved the minutes from the May 30, 2023 meeting. Members discussed the Draft FY25 LHC Operating Budget but requested more detailed analysis and a simplified presentation before a final vote. No action was taken on the draft budget.

• Approved Minutes of the May 30, 2023 BFC Meeting (unanimous)

Housing Corporation Board of Directors

The LHC Programs Committee voted to recommend a $125 million Single Family Mortgage Revenue Bond issuance and a resolution recognizing June 2024 as Homeownership Month to the full board for final approval. Staff also provided updates on state and federal legislative matters.

• $125M bond issuance for single-family mortgages recommended to full board
• Resolution recognizing June 2024 as Homeownership Month recommended to full board
• Updates on state and federal legislative matters provided

The Programs Committee approved submitting two resolutions to the Full Board for final action. These include the authorization of single family mortgage revenue bonds and the recognition of Homeownership Month.

• Approved minutes of the April 16, 2024 Programs Committee Meeting (unanimous)
• Recommended for Full Board approval the issuance of up to $125,000,000 of Single Family Mortgage Revenue Bonds
• Recommended for Full Board approval the resolution recognizing June 2024 as Homeownership Month

Housing Corporation Board of Directors

The Programs Committee will consider a resolution authorizing up to $125 million in Single Family Mortgage Revenue Bonds and a resolution recognizing June 2024 as Homeownership Month. The meeting also includes approval of prior minutes, committee reports, and an update on state and federal legislative matters.

• Resolution to issue up to $125,000,000 in Single Family Mortgage Revenue Bonds (tax-exempt or taxable series)
• Resolution recognizing June 2024 as Homeownership Month
• Approval of minutes from the April 16, 2024 Programs Committee meeting
• Update on state and federal legislative matters
• Public comments limited to three minutes per speaker

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board of Directors will hold its regular monthly meeting, including swearing-in of two new members and several action items. Key decisions include authorizing a Notice of Funding Availability for Homelessness Prevention Services using HOME-ARP funds, issuing a Request for Proposals for a Statewide Housing Needs Assessment, selecting a Single Family Master Servicer, and approving a $1.5 million Multifamily Housing Revenue Note for Millennium Studios III in Shreveport. The board will also discuss state and federal legislative matters and a disposition plan for LHC-owned assets.

• Swearing-in of Jennifer Vidrine and Christian Gil as new board members
• Resolution to issue NOFA for Homelessness Prevention Services using HOME-ARP funding
• Resolution to issue RFP for a Statewide Housing Needs Assessment
• Resolution to approve contract for Single Family Master Servicer
• Resolution of intent to issue up to $1,500,000 Multifamily Housing Revenue Note for Millennium Studios III (122 units) in Shreveport

The Board approved funding for a 122-unit rental project and authorized the issuance of a Notice of Funding Availability for homelessness prevention. The Board also approved a request for proposals for a statewide housing needs assessment and selected a Single Family Master Servicer.

• Approved $1.5M Multifamily Housing Revenue Note for Millennium Studios II in Shreveport (Unanimous)
• Approved NOFA for Homelessness Prevention Services using HOME-ARP funding (Unanimous)
• Approved RFP for a Statewide Housing Needs Assessment (Unanimous)
• Approved selection and contract for Single Family Master Servicer (Unanimous)
• Approved March 13, 2024 meeting minutes (Unanimous)
• Swore in new board members Jennifer Vidrine and Christian Gil

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee is meeting to vote on funding for homelessness services and a statewide housing needs assessment. The board will also consider a revenue note for a 122-unit residential project and discuss the disposition of LHC-owned assets.

• Proposed $1,500,000 Multifamily Housing Revenue Note for Millennium Studios III (122-unit project in Shreveport)
• Notice of Funding Availability (NOFA) for Homelessness Prevention Services using HOME-ARP funding
• Request for Proposals (RFP) for a Statewide Housing Needs Assessment
• Selection and contracting of a Single Family Master Servicer
• Discussion on the Disposition Plan of LHC-owned assets

The Programs Committee reviewed and recommended four resolutions to the Full Board for approval at the April 17, 2024 meeting. These include funding for homelessness prevention, a statewide housing needs assessment, a master servicer contract, and a project in Shreveport.

• Approved March 12, 2024 Programs Committee Meeting minutes (unanimous)
• Recommended approval of NOFA for Homelessness Prevention Services using HOME-ARP funding ($14M for TBA Rental Assistance)
• Recommended approval of RFP for a Statewide Housing Needs Assessment
• Recommended approval to contract with Lakeview Bayview Company as Single Family Master Servicer
• Recommended approval of up to $1.5M Multifamily Housing Revenue Note for Millennium Studios III in Shreveport

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on several action items, including issuing up to $11 million in bonds for Canal Crossing Senior Apartments in New Orleans and authorizing a $35 million NOFA for multifamily affordable rental housing using HOME-ARP and CDBG-DR funds. The board will also consider approving the 2025 Qualified Allocation Plan for low-income housing tax credits and issuing RFPs for property management services at three apartment complexes. Additionally, a contract with The Workforce Group for homelessness consulting services is up for approval.

• Resolution to issue up to $11 million in Multifamily Housing Revenue Bonds for Canal Crossing Senior Apartments at 2640 Canal Street, New Orleans
• Resolution to authorize a $35 million NOFA combining HOME-ARP and CDBG-DR funds for affordable rental housing development
• Resolution to approve the 2025 Qualified Allocation Plan (QAP) for low-income housing tax credits
• Resolutions to issue RFPs for property management services at Mid-City Gardens (Baton Rouge), Willowbrook Apartments (New Orleans), and Village de Jardin Apartments (New Orleans)
• Resolution to select and contract with The Workforce Group, LLC for consulting services for homelessness and housing voucher programs

The Board approved the issuance of $11M in bonds for Canal Crossing Senior Apartments and a $35M funding notice for affordable housing for vulnerable populations. The Board also approved the 2025 Qualified Allocation Plan and authorized several requests for proposals for professional and property management services.

• Approved issuance of up to $11M in Multifamily Housing Revenue Bonds for Canal Crossing Senior Apartments (Unanimous)
• Approved issuance of a Notice of Funding Availability for up to $35M in HUD HOME-ARP and CDBG-DR funds (Unanimous)
• Approved the State's 2025 Qualified Allocation Plan (Unanimous)
• Authorized RFP for Professional Title, Closing, and Foreclosure Services (Unanimous; Member Stephen I. Dwyer recused)
• Authorized RFP for Property Management Services of Mid-City Gardens Apartments (Unanimous)
• Authorized RFP for Property Management Services of Willowbrook Apartments (Unanimous)
• Authorized RFP for Property Management Services of Village de Jardin Apartments (Unanimous)
• Approved contract with The Workforce Group, LLC for Homelessness and Housing Voucher Programs (Unanimous)

Housing Corporation Board of Directors

The Louisiana Housing Corporation Programs Committee is meeting to discuss several funding initiatives and service contracts. Key items include a resolution for $35 million in federal funds for affordable rental housing and the issuance of $11 million in bonds for Canal Crossing Senior Apartments.

• $11,000,000 in multifamily housing revenue bonds for Canal Crossing Senior Apartments
• $35,000,000 in HOME-ARP and CDBG-DR funds for affordable rental housing
• Property management service RFPs for Mid-City Gardens, Willowbrook, and Village de Jardin apartments
• Approval of the State's 2025 Qualified Allocation Plan
• Contract approval for The Workforce Group, LLC regarding homelessness and voucher programs

The Programs Committee approved several resolutions to be submitted favorably to the Full Board for final approval on March 13, 2024. These include funding for affordable housing, the 2025 Qualified Allocation Plan, and multiple requests for proposals for professional and management services.

• Approved Minutes of the December 12, 2023 Programs Committee Meeting (Unanimous)
• Recommended approval of $11M in Multifamily Housing Revenue Bonds for Canal Crossing Senior Apartments in New Orleans
• Recommended approval of a $35M Notice of Funding Availability (NOFA) for affordable rental housing for vulnerable populations
• Recommended approval of the State's 2025 Qualified Allocation Plan
• Recommended approval of RFP for Professional Title, Closing, and Foreclosure Services
• Recommended approval of RFP for Property Management of Mid-City Gardens Apartments in Baton Rouge
• Recommended approval of RFP for Property Management of Willowbrook Apartments and Village de Jardin Apartments in New Orleans
• Recommended approval of contracts for Environmental Services and The Workforce Group, LLC

Housing Corporation Board of Directors

The Board approved the issuance of up to $125 million in Single Family Mortgage Revenue Bonds and recognized June 2024 as Homeownership Month. New board members Wendy Gentry and Kristen C. O’Keefe were sworn in, and the April 17, 2024, meeting minutes were approved.

• Approved issuance of up to $125,000,000 in Single Family Mortgage Revenue Bonds (Unanimous)
• Recognized June 2024 as Homeownership Month (Unanimous)
• Approved April 17, 2024, BODM minutes (Unanimous)
• Swore in new Board Members Wendy Gentry and Kristen C. O’Keefe

Housing Corporation Board of Directors

The Louisiana Housing Corporation Board will vote on issuing up to $125 million in single-family mortgage revenue bonds, $14.3 million in multifamily housing revenue bonds for the Lafitte Phase VII project in New Orleans, and a $35 million Notice of Funding Availability for affordable rental housing using HOME-ARP and CDBG-DR funds. The board will also discuss the 2025 Qualified Allocation Plan timeline and receive an update on the executive director search.

• Resolution to issue up to $14,336,000 in multifamily housing revenue bonds for the Lafitte Phase VII project at 601 N. Johnson Street in New Orleans
• Resolution to authorize a $35,000,000 NOFA for affordable rental housing using HOME-ARP and CDBG-DR funds for homeless and vulnerable populations
• Resolution to accept parameter terms for up to $125,000,000 in single-family mortgage revenue bonds
• Discussion of the 2025 Qualified Allocation Plan timeline
• Presentation by SSA Consultants on the executive director search update

The Board appointed Marjorianna Willman as Executive Director and approved two bond-related financing measures. One funding matter regarding a $35M NOFA was deferred to the March meeting.

• Appointed Marjorianna Willman as Executive Director (Unanimous)
• Approved $125M Single Family Mortgage Revenue Bonds (Unanimous)
• Approved $2M increase to Multifamily Mortgage Revenue Note for KHA Affordable Properties (Unanimous)
• Deferred $35M NOFA matter until March 13, 2024 (Unanimous)
• Approved December 13, 2023 meeting minutes (Unanimous)
• Sworn-in Board Members John C. Fleming, MD, Renee Fontenot Free, and Stephen I. Dwyer