BUDGET & FINANCE COMMITTEE MATTERS

• The Board of Directors accepted the resolution to extend the previously adopted short term budget from November 1-December 1, 2024.
• Discussed the LHC FY25 Operating Budget revenues and expenditures from July-August 2024.

PROGRAM COMMITTEE MATTERS

• Approved the motion to direct a scheduling meeting between OCD and LHC staff regarding the PRIME 3 rankings of the Governor House Apartments. 
• Authorized an interim warehouse financing of mortgage-backed securities through the Federal Home Loan Bank of Dallas in a principal amount not exceeding $125,000,000 prior to the purchase of such mortgage-backed securities with the proceeds of the not exceeding $125,000,000 of Single Family Mortgage Revenue Bonds previously authored on August 14, 2024. 
• Accepted the parameter term proposal for the purchase of not exceeding $125,000,000 of Louisiana Housing Corporation Single Family Mortgage Revenue Bonds.
• Approved the supplemental resolution of accepting the proposal of 2256 Baronne, LLC for the purchase of an additional $500,000 above the previously approved $5,500,000 in Multifamily Housing Revenue Bonds for Baronne Lofts located at 2256 Baronne Street, New Orleans, Orleans Parish, 
  Louisiana. 
• Accepted the proposal of Churchill Stateside Group, LLC for the purchase of an additional $5,000,000 above the previously adopted $12,000,000 in Multifamily Housing Revenue Bonds for Sabine Trace located at 100 Heard Street, 1 Patton Street, and 101 Roberts Street, Merryville, Beauregard Parish, Louisiana.
• Authorized a change in the site location and site design for King Oaks V, to be relocated immediately east of 1100 W. 70th Street, Shreveport, Caddo Parish, Louisiana, from 2650 Audrey Lane, Shreveport, Caddo Parish, Louisiana and a change in the site design from (70) seventy single family units to (70) townhome-style units.
• Authorized the Louisiana Housing Corporation ("Corporation") to award funds to the highest scoring proposer(s) for the HOME American Rescue Plan Program (“HOME-ARP”) Services and Non-Profits Assistance NOFA.
• Authorized LHC to award funds to the highest scoring proposer(s) for the Homeless & Housing Stability Affordable Multifamily Rental Housing 
  Development Program (“HHSD”) NOFA.
• Discussed and updated the Louisiana Housing Corporation response dated August 5, 2024, as the Corporation's Official Response to the Louisiana Legislative Auditor’s Recommendations for Cost Containment.
• Discussed and updated 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 to extend the Program Schedule.

ADMINISTRATION COMMITTEE MATTERS

• The LHC Administration Committee did not meet, however, the full board of LHC Directors met and recognized two items regarding administration committee matters. The Board recognized October as Domestic Violence Awareness Month and received an update regarding the 2024 Louisiana Housing Conference. 

AUDIT COMMITTEE MATTERS

• Accepted the Audit Results Report by External Auditors regarding the June 30, 2024, Audit Results from LHC General Fund, Willowbrook Apartments, Village de Jardin Apartments, Mid-City Gardens Apartments, and Louisiana Housing Authority
• Discussed in Executive Session strategies concerning anticipated litigation related to the Louisiana Legislative Auditor request for documents. 

OTHER BUSINESS

• Accepted the resignation of Marjorianna Willman as Executive Director of the Louisiana Housing Corporation.