HomeMy WebLinkAboutHousing Catalyst - Minutes - 09/27/2007Minutes of the Regular Meeting of the Fort Collins Housing Authority
1715 Mountain Ave, Fort Collins Colorado
September 27, 2007
Commissioners Present
Commissioners Absent Staff Present Guests
Stephanie Barratt
Julie Brewen
Pat Brady
Jim Martell
Mary Davis
John Tuchscherer
Lisa Poppaw
Alan Fluharty
Matt Robenalt
Mike Salza
Ed Stoner
Jeff Valloric
Mike Sollenberger
Carol Gonzalez
I. CALL TO ORDER
Chairperson Davis called the regular meeting of the Fort Collins Housing Authority to order at 7:37 am.
II. CITIZEN INPUT
None.
III. APPROVAL OF MINUTES
The board reviewed the minutes of the August 23, 2007 regular meeting and September 4, 2007 special
meeting. Commissioner Stoner made a motion, seconded by Commissioner Sollenberger to approve these
minutes as presented. This motion was passed unanimously.
IV. OLD BUSINESS
None
V. NEW BUSINESS
Financial Statements
Mr. Fluharty presented the financial statements through July to the Board. Mr. Fluharty noted a drop in
rents for Public Housing due to lower average income and HUD is still using 2004 calculations. Staff will
keep a close watch on this trend in addition to future operating subsidy appropriations. A brief discussion
was held on ways to determine if it may be time in the future to enter into HUD's disposition of public
housing program to dispose of public housing single family properties and leverage larger multi-famiily
affordable complexes.
Administrative Plan Revisions:
Mr. Tuchscherer presented updates to the Administrative Plans which detail how the agency handles areas
in which we have discretion from HUD regulations. Commissioner Stoner made a motion, seconded by
Commissioner Brady to approve the Resolution No. 07-18 adopting revisions to the Public Housing
Administrative Plan and the Housing Choice Voucher Program Administrative Plan. This motion was
passed unanimously.
Agency Plan Revisions:
Ms. Brewen presented the 2008 Agency Plan which must be submitted to HUD. Commissioner Barratt
made a motion, seconded by Commissioner Stoner to approve Resolution No 07-17 2008 Agency Plan
Adoption. This motion was passed unanimously.
Subordination Agreements:
1 Homeownership Coordinator, Mike Salza, gave a presentation about properties in which FCHA holds an
ownership interest due to some initial financing for a low-income homeowner. Staff made a
recommendation to allow the Board Chair to sign subordination agreements at the recommendation of the
executive director without needing full board approval. The board agreed with the condition that the
executive director make a determination about whether the subordination agreement required a review by
our legal counsel. A motion was made by Commissioner Brady, seconded by Commissioner Barrett to
approve Resolution 07-19 Approving Execution of Subordination Agreements for Housing Authority
Subsidized Homeownership Properties. This motion was passed unanimously.
VI. LEGISLATIVE ISSUES
Staff mentioned the current City Budget process in regard to Affordable Housing Funds restoration.
VII. LEGAL ISSUES
Mr. Martel gave a brief update on releasing the Stover trust note on Village on Elizabeth.
VIII. MONTHLY ACTIVITY REPORT
The board reviewed the activity report.
IX. OTHER BUSINESS
Ms. Brewen reminded the board that a tour will be held following the next regularly scheduled board
meeting.
X. NEXT MEETING DATE AND ADJOURNMENT
Chairperson Davis adjourned the regular meeting of the Fort Collins Housing Authority Board of
Commissioners. Approved this 25`f' day of October 2007.