| For Immediate Release |
Contact: Charla Jackson Peter
|
| February 23, 2010 |
(502) 564-7630, ext. 454
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Kentucky Housing Corporation Board of Directors to Meet and Communications and Planning Committee of the Board of Directors to Meet
The Kentucky Housing Corporation Board of Directors will meet Thursday, February 25, 2010, 2 p.m., Eastern time, 1231 Louisville Road, Frankfort, Kentucky. A copy of the agenda for the meeting accompanies this notice.
The Kentucky Housing Corporation Communications and Planning Committee of the Board of Directors will meet Thursday, February 25, 2010, 11:30 a.m., Eastern time, 1231 Louisville Road, Frankfort, Kentucky. A copy of the agenda accompanies this notice.
The press and public are invited to attend these meetings. Individuals requiring special accommodations to attend these meetings should contact Tracey Fitzgerald at least 24 hours in advance at (502) 564-7630 or (800) 633-8896, extension 241; or TTY 711; or e-mail
tfitzgerald@kyhousing.org.
Board of Directors Meeting Agenda
| I. |
Call to Order
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William E. Summers, V
Chairman
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A. Confirmation of Quorum
B. Confirmation of Press Notice
C. Swearing-In Ceremony for New Board of Directors Members
D. Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.) |
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II.
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Consideration/Approval of Minutes of the Meeting held December 10, 2009 (Motion)
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Chairman Summers
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III.
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Report of Action by Communications and Planning Committee at Meeting held February 25, 2010 |
Stacey Epperson,
Chairperson
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IV.
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Amend Investment Policies under Allowable Investments #3
Consideration of Resolution No. 1, Series of 2010 (Motion)
A RESOLUTION AMENDING KENTUCKY HOUSING CORPORATION’S INVESTMENT POLICIES UNDER ALLOWABLE INVESTMENTS #3.
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John D. Herald |
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V.
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Authorization to Open Line of Credit with PNC Bank
Consideration of Resolution No. 2, Series of 2010 (Motion)
A RESOLUTION AUTHORIZING STAFF TO OPEN A LINE OF CREDIT WITH PNC BANK. |
John D. Herald
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VI.
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Sale of Conduit Multifamily Mortgage Revenue Bonds, Country Place Apartments
Consideration of Resolution No. 3, Series of 2010 (Motion)
A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $7,400,000 AGGREGATE PRINCIPAL AMOUNT OF CONDUIT MULTIFAMILY HOUSING REVENUE BONDS (GNMA COLLATERALIZED MORTGAGE LOAN – COUNTRY PLACE APARTMENTS PROJECT), SERIES 2010 BY THE KENTUCKY HOUSING CORPORATION, THE PROCEEDS OF WHICH SHALL BE LOANED TO SUMMIT COUNTRY PLACE APARTMENTS, LTD., AN ALABAMA LIMITED PARTNERSHIP TO FINANCE THE ACQUISITION, REHABILITATION AND EQUIPPING OF A MULTIFAMILY RESIDENTIAL RENTAL HOUSING FACILITY; PROVIDING FOR THE PLEDGE OF REVENUES FOR THE PAYMENT OF SUCH BONDS; AUTHORIZING A FINANCING AGREEMENT AND A TRUST INDENTURE APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF SUCH REVENUES AND TO FURTHER SECURE SUCH BONDS; AUTHORIZING A BOND PURCHASE AGREEMENT, TAX REGULATORY AGREEMENT, LAND USE RESTRICTION AGREEMENT AND OFFICIAL STATEMENT AND AUTHORIZING OTHER DOCUMENTS AND ACTIONS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS. |
Susan Cottingham |
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VII.
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Homeownership Amended Authorized Agent Relationship with Veterans Administration
Consideration of Resolution No. 4, Series of 2010 (Motion)
A RESOLUTION AMENDING THE EXISTING RESOLUTION ESTABLISHING AN AUTHORIZED AGENT RELATIONSHIP WITH QUALIFIED LENDERS FOR THE UNDERWRITING OF KENTUCKY HOUSING CORPORATION LOANS TO BE GUARANTEED BY THE VETERANS ADMINISTRATION. |
Brenda Walker
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| VIII. |
Update to Kentucky Housing Corporation Cafeteria Plan with Flexible Spending Arrangement
Consideration of Resolution No. 5, Series of 2010 (Motion)
A RESOLUTION APPROVING STAFF TO ADOPT THE UPDATED KENTUCKY HOUSING CORPORATION CAFETERIA PLAN WITH FLEXIBLE SPENDING ARRANGEMENT. |
Derek VanMeter
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IX.
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Annual Public Housing Authority Plan for Rental Assistance Programs
Consideration of Resolution No. 6, Series of 2010 (Motion)
A RESOLUTION APPROVING AND ADOPTING THE PUBLIC HOUSING AUTHORITY ANNUAL PLAN FOR RENTAL ASSISTANCE PROGRAMS. |
Rob Ellis
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X.
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Updates in Signatory Authority
Consideration of Resolution No. 7, Series of 2010 (Motion)
A RESOLUTION AUTHORIZING SPECIFIC INDIVIDUALS AND SPECIFIC POSITION APPOINTEES TO SIGN CERTAIN DOCUMENTS ON BEHALF OF KENTUCKY HOUSING CORPORATION IN THE NORMAL COURSE OF BUSINESS. |
Lisa Beran
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XI.
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Finance Report
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A. Introduction
B. Report of Budgeted Versus Actual Operating Fee Income and Expenditures for the Six Months-Ended December 31, 2009
C. Presentation of Kentucky Housing Corporation’s December 31, 2009 Financial Statements
D. Presentation of Loan Portfolio Analysis and Discussion of Delinquencies and Foreclosures |
Richard L. McQuady
Derek VanMeter
John D. Herald
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XII.
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Informational Items
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A. Chief Officers’ Expenses for November and December 2009
B. Repair Affair Funding Announcements
C. Continuum of Care Funding Announcements |
Kevin Field
Mark Offerman
Davey King
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XIII.
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Items from the Board or Staff (not on the agenda) |
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XIV.
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Adjournment (Motion) |
Chairman Summers
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Board of Directors
Communications and Planning Committee Meeting Agenda
I.
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Call to Order |
Stacey Epperson, Chairperson
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A. Confirmation of Quorum
B. Confirmation of Press Notice
C. Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.)
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II.
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Consideration/Approval of Minutes of the Meeting held May 28, 2009 (Motion) |
Chairperson Epperson
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III.
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Review of 2010 Mid-Year Update of the 2010-2012 Strategic Plan |
Brenda Weaver
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IV.
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Informational Items |
Chairperson Epperson
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V.
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Items from the Board or Staff (not on the agenda) |
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VI.
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Adjournment (Motion) |
Chairperson Epperson
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Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation, and supportive housing programs for special needs populations.
Kentucky Housing Corporation prohibits discrimination in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability, or veteran status.