LHC BOARD OF DIRECTORS APPROVE OVER $477M IN MULTIFAMILY HOUSING REVENUE BONDS

BUDGET & FINANCE COMMITTEE MATTERS

• The Board of Directors accepted the resolution to adopt the LHC Operating Budget for the Fiscal Year Ending June 30, 2025.
• Discussed LHC Financial Report

PROGRAM COMMITTEE MATTERS

• Approved the inclusion of Lakeview Loan Servicing, LLC, a Delaware limited liability company in the definition of Master Servicer under the Series 2024C/D/E Program.
• Approved the authorization of not exceeding $9M in Multifamily Housing Revenue Bonds for Grand Oaks located at the intersection of Belleview Drive and Pecan Place, Plaquemine, Iberville Parish, Louisiana 70764.
• Accepted the supplemental resolution for the proposal of Greystone Housing Impact Investors LP for the purchase of an additional %5M of Taxable Governmental Notes to serve as a bridge loan financing above the previously approved $18M Multifamily Governmental Notes for Natchitoches Thomas Apartments located at 500 North Street, Natchitoches, Natchitoches Parish, Louisiana.
• Approved the issuance of not exceeding $19.5M Multifamily Housing Revenue Bonds for 263 Third located at 224 Florida Street and 263 Third Street, Baton Rouge, East Baton Rouge Parish, Louisiana 70801.
• Approved the issuance of not exceeding $10M Multifamily Housing Revenue Bonds for Barret Senior Lofts located at 2600 Barret Street, Shreveport, Caddo Parish, Louisiana 71104.
• Approved the issuance of not exceeding $52.215M Multifamily Housing Revenue Bonds for The Batture Apartments located at 1494 Tchoupitoulas Street, New Orleans, Orleans Parish, Louisiana 70130.
• Approved the issuance of not exceeding $19.5M Multifamily Housing Revenue Bonds for BW Cooper Senior located at 3401 Erato Street, New Orleans, Orleans Parish, Louisiana 70125. 
• Approved the issuance of not exceeding $25M Multifamily Housing Revenue 
  Bonds for Central Point Senior Village located at 11 Azalea Road, Pineville, Rapides Parish, Louisiana 71360. 
• Approved the issuance of not exceeding $9.75M Multifamily Housing Revenue Bonds for Fairfield Building Lofts located at 1600 Fairfield Street, Shreveport, Caddo Parish, Louisiana 71104.
• Approved the issuance of not exceeding $15,034,454 Multifamily Housing Revenue Bonds for Franklin Senior Apartments located at 1501 Hospital Avenue, Franklin, St. Mary Parish, Louisiana 70438.
• Approved the issuance of not exceeding $24M Multifamily Housing
  Revenue Bonds for Hampton Park located at 9614 Florida Blvd., Walker, 
  Livingston Parish, Louisiana 70785. 
• Approved the issuance of not exceeding $21M Multifamily Housing Revenue 
  Bonds for Imperial Terrace is located at 5041 Imperial Drive, Houma, Terrebonne Parish, Louisiana 70360. 
• Approved the issuance of not exceeding $11M Multifamily Housing Revenue Bonds for Lake Charles Mid-City Seniors located at 2900 block of Creole Street, Lake Charles, Calcasieu Parish, Louisiana 70601.
• Approved the issuance of not exceeding $92M Multifamily Housing Revenue 
  Bonds for NSA East Bank Apartments located at 4400 Dauphine Street, New 
  Orleans, Orleans Parish, Louisiana 70117. 
• Approved the issuance of not exceeding $11M Multifamily Housing Revenue Bonds for Richmond Terrace located at 8775 Richmond Drive, LaPlace, St. John the Baptist Parish, Louisiana 70068.
• Approved the issuance of not exceeding $23M Multifamily Housing Revenue 
  Bonds for Sherwood Park is located at 5325 Lower Zachary Road, Zachary, East Baton Rouge Parish, Louisiana 70791.
• Approved the issuance of not exceeding $24M Multifamily Housing Revenue Bonds for Villas 225 located at 6127 Mallard Crossing Drive, Zachary, East Baton Rouge Parish, Louisiana 70791. 
• Approved the issuance of not exceeding $8.25M Multifamily Housing Revenue Bonds for Wildwood Townhomes located at 43110 Happywoods Road, Hammond, Tangipahoa Parish, Louisiana 70403.

AUDIT COMMITTEE MATTERS

• Discussed the November 7, 2024, Performance Audit on Affordable Housing Programs in Louisiana Notice from the Louisiana Legislative Auditor. 

ADMINISTRATION COMMITTEE MATTERS

• Discussed and received an update from the Task Force overseeing the hiring of the LHC Chief Financial Officer.
• Discussed regarding establishing protocols to allow Board access to LHC internal network files and documents. 
• Discussed the action regarding the LHC Staffing Plan and received an update on current vacant positions. 
• Approved the resolution of designating LHC's Executive Management Team
• Discussed LHC Grievance Hotline for Employees
• Discussed HOME Program, NOAH, CHAAP, and CSAR released prior to approval, and use of HMS versus spreadsheets. 
• Discussed and received an update regarding CHDO disbursement of operating funds, Recertification, and Quarterly Meetings. 
• Discussed and received an update regarding the LHC Environment Department. 
• Discussed repairs at Willowbrook Apartments. 
• Received an update on Mid-City Apartments Facility's rental occupy.