LHC Board of Directors Appoint Kevin J. Delahoussaye as LHC Executive Director

BUDGET & FINANCE COMMITTEE MATTERS

• The Board of Directors discussed the LHC Fiscal Year 2025 Operating Budget.
• Discussed the LHC Balance Sheet
• Discussed the LHC Profit & Loss by Funding Source
• Discussed the Louisiana Asset Management Pool ("LAMP") and LHC's funds 
  

ADMINISTRATION COMMITTEE MATTERS

• Approved the resolution of appointing an LHC Executive Director 
• Approved the resolution regarding the LHC Executive Director Signatory Authority
• Approved the resolution of the Salary of the LHC Executive Director. 
• Accepted the resolution to authorize the Louisiana Housing Corporation to contract with RayBrad, LLC for consulting services
• Discussed and received an update regarding Act 393 from the 2023 Regular Session regarding conducting meetings via electronic means 
• Discussed and received an update from the Task Force overseeing the hiring of the LHC Chief Financial Officer 
• Discussed and received an update regarding the LHC Staffing Plan 
  

PROGRAM COMMITTEE MATTERS

•  Discussed and received an update regarding amending the State's 2025 Qualified Allocation Plan ("QAP") to align with the priorities outlined by Governor Jeff Landry in his letter dated July 1, 2024 and revised program schedule  

AUDIT COMMITTEE MATTERS

• The Board accepted the Audit Results Report by External Auditors Duplantier, Hrapmann, Hogan & Maher, LLP regarding financial statements of the Louisiana Housing Corporation Single Family Mortgage Revenue Bonds Home Ownership Program (LHC Single Family Program) as of and for the year ended June 30, 2024
  
• Discussed and received an update regarding the Performance Audit on Affordable Housing Programs in Louisiana Notice from the Louisiana Legislative Auditor ("LLA")
• The Board went into an executive session during the December 10, 2024 committee meeting to discuss strategies concerning anticipated litigation related to the Louisiana Legislative Auditor ("LLA") request for documents
  

OTHER MATTERS

The LHC Board of Directors would like to congratulate Nicole Bourgeois on her retirement! For the past 17 years, she has worked and dedicated her time as the LHC Board of Directors' court reporter. The Board of Directors thanks Nicole for her many years of service and wishes her the best of luck in this new chapter of her life.