LHC Board of Directors Swear In

Board Appointments

Sarah E. Collier and Karen A. Loftin

   

• The Board of Directors adopted a resolution of a Short-Term LHC Operating Budget for the period of July 1, 2024-September 1, 2024, as related to the LHC Operating Budget for the Fiscal Year ending June 30, 2025. 

• Approved to enter into a contract with RayBrad, LLC to provide Consultant Services to the LHC. 
• Approved to enter into a contract with The Law Offices of R. Gray Sexton to represent the LHC Board of Directors. 
• Approved the authorization to select and contract with selected proposer(s) to the Request for Proposals (RFP) for management services for LHC properties such as Village de Jardin Apartments, Willowbrook Apartments, and Mid-City Gardens Apartments. 
• Discussed the LHC Staffing Plan and the LHC Strategic Plan 2023-2026. 
• Proposed Amendment to the LHC Bylaws pursuant to Senate Bill No. 462 of the 2024 Louisiana Legislative Regular Session regarding how the LHC Board of Directors selects a Chair. 

• Accepted the parameter term proposal for the purchase of not exceeding $80,000,000 of LHC Single Family Mortgage Revenue Bonds.
• Approved the issue to not exceed $18 million in Multifamily Housing Revenue Bonds for Parkwood Place Project. 
• Approved the resolution and authorization of the execution of a Subrecipient Agreement in connection with the engagement of Louisiana Housing Corporation by the City of Lake Charles to assist in disbursing City CDBG-DR Funds to three Residential Rental Recovery Developments located in the City, and to perform on the behalf of the City certain asset management oversight functions following the construction completion of the three Residential Rental Recovery Developments. 
• Received an update regarding the PRIME-2 and PRIME-3 programs. 
• Received an update regarding State and Federal Legislative matters.