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 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.
December 12, 2024
2024
To adopt the Board of Directors Manual, as attached or linked in Appendix A, and direct the Executive Director to publish the manual on the Corporation's website, as outlined in the resolution.
December 12, 2024
2024
To reaffirm the Board's commitment to implementing a Tenants Bill of Rights (TBOR); direct the Executive Director to develop an implementation plan, including potential modifications, additions, and incentives for adoption; integrate the plan with other tenant well-being initiatives; and require a progress update by June 2025 and a final implementation plan by December 2025, as outlined in the resolution.
December 12, 2024
2024
To direct the Executive Director to develop and present a construction quality checklist and a construction monitoring report for new multifamily residential projects, incorporating requirements and incentives related to durability, energy efficiency, and eco-friendliness, as outlined in the resolution and appendices. The checklist and report are to be presented by June 2025.
December 12, 2024
2024
To authorize the issuance and sale of up to $50,000,000 in multifamily housing revenue bonds for the Ledgestone Apartments project; approve the form and substance of the agreement to issue bonds; authorize related agreements and actions necessary for financing the acquisition, construction, and equipping of the project; and authorize participation in the project's financing, development, and operation, including applying for low-income housing tax credits and leasing the property to the user, as outlined in the resolution and agreement to issue bonds.
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.
