The Strategic Housing Finance Corporation is committed to transparency and ensuring that our community stays informed about our board's decisions and resolutions. This page provides access to our board resolutions, which are formal actions taken by our board of directors to address important matters related to our affordable housing goals.
We believe in open communication and want to keep you informed about the decisions that shape our organization. We encourage you to explore the board resolutions to gain insight into the thoughtful actions taken by our board. It is through these resolutions that we continuously work to improve our services, provide affordable housing opportunities, and serve the needs of our community.
December 12, 2024
2024
[Not discussed] To authorize the acquisition of the investor limited partner interests in Cambridge Villas Apartments Limited Partnership for an amount not to exceed [amount]; authorize the assignment of these interests to the General Partner or a newly formed limited liability company owned by the Corporation; and authorize the execution of all necessary documents related to the acquisition, as outlined in the resolution.
November 21, 2024
2024
To approve a performance bonus for the Executive Director in the amount of 6% of her base salary for the year 2024, following the Board's evaluation of her performance, as outlined in the resolution.
November 21, 2024
2024
To authorize the President, Vice President, and Executive Director to negotiate and execute a Memorandum of Understanding with SS SLP, LLC and/or other parties, concerning the Corporation's participation in the sale of partnership interests related to Silver Springs Apartments, and to take any and all necessary actions to facilitate the Transaction, as outlined in the resolution.
November 21, 2024
2024
To authorize the execution of an amended and restated ground lease and a second amended and restated agreement of limited partnership for the Silver Springs Apartments; authorize the execution of agreements related to the refinancing of the project; and contain other provisions related to participation in the multifamily residential development, as outlined in the resolution.
November 21, 2024
2024
To authorize the President, Vice President, and Executive Director to negotiate and execute a Memorandum of Understanding with FP SLP, LLC and/or other parties, concerning the Corporation's participation in the sale of partnership interests related to Forest Park Apartments, and to take any and all necessary actions to facilitate the Transaction, as outlined in the resolution.
November 21, 2024
2024
To authorize the execution of an amended and restated ground lease and a second amended and restated agreement of limited partnership for the Forest Park Apartments; authorize the execution of agreements related to the refinancing of the project; and contain other provisions related to participation in the multifamily residential development, as outlined in the resolution.
November 21, 2024
2024
To authorize the creation of a Housing Production Fund and a Reserve Fund; direct the transfer of $2,000,000 to the Housing Production Fund and $2,500,000 to the Reserve Fund; and grant the Board full discretion over the use of these funds for housing opportunities and contingencies, respectively, as outlined in the resolution.
November 21, 2024
2024
To approve a contract extension and expansion with Arrow Media, LLC, increasing the scope of work and total compensation by $28,875, as detailed in Exhibit A and outlined in the resolution.
November 21, 2024
2024
To approve an amendment to the independent contractor agreement with Vella Karman, modifying the term and total not-to-exceed amount, as detailed in the attached amendment and outlined in the resolution.
November 21, 2024
2024
To grant signature authority to the Executive Director to execute contracts with a total annual aggregate expenditure amount of up to $76,000, subject to Board direction, corporate bylaws, and employment terms, as outlined in the resolution.