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Video-1: youtube.com/watch?v=xfcOEpfjp34

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can. They will not be signed today. I >> Yes. >> It was all >> I know. >> [laughter] >> Hey Sarah, how are you? How's that baby? Oh. Oh my god. Congratulations. >> [laughter] >> Is there a baby in there?

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>> I had the same thing with my first one. I would walk in trying to get out of the weight, you know? And I go, "What are you doing?" She's already out. >> [laughter] >> Like she's in the stroller. >> There's literally nothing worse. I had a client at a conference and he's like, "What did you do?"

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And yeah, touch the belly. I was like, Yeah, I Well, you They and I didn't Congratulations. little boy baby tracker And he's doing well. >> Mhm. >> Good morning. [snorts] Welcome to the June 11th Tarrant County Housing

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Finance Corporation meeting. And I'll call the meeting to order. >> [snorts] >> I see that we have a quorum with four. Uh Commissioner Miles uh will not be here today. He's at a funeral. So, do we have a motion to approve the

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minutes from November 11th? >> Move to approve 11th. Second. >> We have a motion a second on that. All in favor, please raise your hand. All right, passes unanimously. Next, we have consideration of the adoption of the Tarrant County Investment Policy. Is uh Kim here? Kim, do you have

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anything that you want to present? Anybody have any questions for Kim? >> There's no changes. >> Okay. All right. >> We have a motion. We have a second. Any discussion? >> All right. Please raise your hand if you're in favor. Passes unanimously.

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Next is consideration receive and file the Tarrant County Housing Finance Corporation financial statements for the period ending September 30th, December 31st, and March 31st. I'll move to approve. >> Second. >> We have a motion a second. Any discussion there? >> Yeah, I have a question for Kim. So, the

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funds that were in the Precinct 2 Plains Capital CD, they were moved to TexPool, right? >> Uh I can't tell you that off the top of my head, but that's typically what we do. They could be in

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>> Okay. Yeah, cuz it it should have been moved into a text pool sub-account for Precinct 2. So, uh but we can we can talk about it. >> So, hang on just a second. Money >> [snorts] >> this board voted to move that stuff into

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the text pool. Is what this board voted for. No, somebody doesn't have the ability to say, "No, I want mine to go over here." That's not how this works. This this board voted to move all the money into the text pool, did we not?

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Right. Yes. One person doesn't control these funds. This is a board vote. Okay. Right. >> So, my question doesn't it doesn't have to do

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with that it it it's where it was placed. Was it placed in a sub-account? Okay. Okay. Because we had them in sub-accounts so they could be tracked separately with interest, correct?

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>> [snorts] [snorts] >> Correct. Because we had these things in what I think at one time was something like 20 plus accounts that never got monitored by anyone's staff prior to anybody on this court arriving. Uh then

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we ultimately took a vote to take all this money as it matured, put it into the tax pool. >> Okay. So, but if you if I look at the statements, I see that Precinct 3 has a sub-account. So, that you're fixing all of it. >> Yes. >> Okay. >> That was under Fickes.

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>> Okay. >> Well, I like that one. Let's keep that one. >> [laughter] >> All right. Any other questions on this? All right. We have a motion and a second to receive and file. All in favor, raise your hand. All right. Passes unanimously. Next up is consideration to approve the

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release of depository collateral. >> Move approval. >> Second. >> All right. We have a motion and a second on this side. Any discussion here? All right. All in favor, raise your hand. Passes unanimously. Next we have approval of the 2026 towel for dues.

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Move to approve. >> Second. >> We have a motion and a second. Any discussion on this? >> Is there usually a list of staff names that go along with this item? >> They're on there. >> Are they? >> Invoice. >> It's on the invoice that you have.

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>> Okay. Well, to be fair, I just got this packet. I'm not sure we we just got it um Tuesday evening. So, I've not had a chance to go through every inch of it. Um so, I'd like to talk about that at

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some point, how we can get this sooner. >> anything on there you want me to add? >> No. No. No. Thank you. >> [clears throat] >> Okay. Any other questions on this item? All right. All in favor, please raise your hand.

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Passes unanimously. Next up is discussion and consideration of resolution regarding the submission of an application or applications for allocation of private activity bonds to the Texas Bond Review Board and declaration to reimburse expenditures with proceeds of future debt for Cobblestone Manor.

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>> Mr. Mr. President, members of the board, this is Bob Dransfield Norton Rose Fulbright along with Bobby Clark, Kelly Hart Holman your co-bond counsel and Claire Lastrapes of Hilltop Securities your financial advisor. This action item that you have before you is a preliminary action item. It's the first thing you're accustomed to

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seeing where they authorize a submission to the Texas Bond Review Board to get volume allocation to do their project. That does not commit you to issue the bonds at this point in time. That comes later on in the process. This particular project is one that you also visited with and closed the financing in

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December of 2025. >> Mhm. >> So, this is a supplemental allocation request for $10 million. Same property located at 8201 Sartain Drive in Fort Worth kind of at I-30 and 820 if you will. And it's to rehab 220

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units of the project itself. Looks like they're planning to spend a little better than 9 and 1/2 million dollars on the rehab cost itself. So, uh that's exactly what it is. It's a $10 million number. That's what they go to the Texas Bond Review Board for. If they're successful in getting that allocation, the bond issue the tax

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exempt bond issue cannot exceed $10 million. But, this is a supplement to go along with the roughly $25 million. It's 24 886 that they closed the last time around. But, this is just again the the first step in the process should you elect to proceed on with the supplemental request

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on behalf of this that authorizes submission to the Bond Review Board both in 2026, which is what the expectation would be, and also [snorts] 2027. And with that, I'm certainly happy to answer any questions. I'm sure Mr. Clark is and Ms. Lastrapes. >> All right, any questions or do we have a motion?

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>> I'll move for approval. >> All right, I'll second it. We have a motion and a second on this item. Any discussion? All All seeing none. Uh all in favor raise your hand. Passes unanimously. Next step is discussion and consideration of a resolution regarding

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the submission of an application or applications for allocation of private activity bonds to the Texas Bond Review Board and declaration to reimburse expenditure of the proceeds of future debt for Elmwood Place Apartments. >> Mr. President, this is similar to what you just considered. This is the preliminary action item for this particular project. It's a project

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that's going to be new construction located at the 7124 Anderson Boulevard which is kind of in that same general area, I-30 and 820 for all practical purposes. Uh it's 270 units they're looking to build. The request for the allocation is

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$45 million $50 million, excuse me. Uh they expect to, you know, proceed with this and get the allocation and if they do and are the successful in that process, they'll come back to you with financing requests probably sometimes towards the latter part of this third quarter or fourth quarter. They're

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expecting to try to get this done this year if they can. >> Okay. >> All right, any other questions, comments, or motion here? >> I'll move for approval. >> All right, I'll second it. Any discussion? All right, all in favor raise your hand.

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Passes unanimously. Next is the longest written agenda item I've ever read. Discussion and consideration of a resolution authorizing the issuance of Tarrant County Housing Finance Corporation Multi-Family Housing Revenue Bonds Evans and Rosedale Urban Village

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Series 2026 and a bunch of other stuff. All right. >> Fair enough, Mr. President. And and and this one is a little bit different than what you had in the first two items. This one is the actual bond resolution authorizing the issuance of these bonds. This is a project that you considered

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preliminarily sometime ago. They're asking you now to authorize the issuance of up to $31 million worth of bonds for the Evans and Rosedale Urban Village project, if you will. It's located at 900 Evans Avenue in Fort Worth. Uh the new construction will be approximately 180 units. It'll be the

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same kind of process as you typically have with lower and moderate income people. Uh, this particular transaction is a cash collateralized. And we've talked about that a little bit in the past where the bonds are always going to be secured by either unexpended bond proceeds or a combination of that with money in

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the collateral fund. So, they're always going to be 100% cash collateralized. This particular project, should you proceed with it, was intended to go forward with the transaction actually have an anticipated closing date if they can make it of July the 16th. Straightforward process as as always

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these projects. There's no commitment on the part of the dollars of the county or this Housing Finance Corporation other than to serve as the issuer, the conduit issuer for this. And then let the fund the bonds be paid with the project revenues themselves. So, with that I'm happy to answer any questions. We've got representatives

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from the developer here should you have any questions for them. But, both Kelly Hart and Hilltop as well as we have gone through project and we're ready to recommend that you proceed if you're so inclined. >> All right, any questions or comments? >> Move approval. >> Second. >> All right, we have a motion and a second

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on this uh, with no discussion. All in favor, please raise your hand. Passes unanimously. Next is discussion and consideration of a resolution authorizing the filing of an application for reservation with the Texas Bond Review Board with respect to

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qualified mortgage bonds or mortgage credit certificates and containing other provisions related to the subject. Can you give us a little insight on this? >> Just print out let Labs drop tell you a little bit about this. This is what you've done in the past, but it's quick allocation to the TDHCA. But, Claire,

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why don't you go ahead and outline for them. >> Hi guys, it's Claire Labs drop with Hilltop Securities. Um, so this basically this is a partnership or program that you all have participated in over the last 3 years. Since 2023, you all have assigned volume cap in the

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amount of $90 million dollars to TDHCA. um which basically this is um an assignment program where you assign your volume cap over to TDHCA in order for them to issue single-family bonds on basically on your behalf. And so, instead of the heavy lift of

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um actually issuing your own single-family bond program for first-time home buyers um receiving a low-to-moderate um mortgage rate uh and down payment assistance, TDHCA basically bears that brunt and you all receive um a financial benefit of 4.75 basis points on any of

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the loans that are originated. And so, it's a great way to partner with the um state housing authority um in order to um further your single-family initiative. And so, this is Last year, you all approved um 45 million and this year they are recommending 45 million

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again. >> Okay, that sounds good. I'll move for approval. >> Second. >> I'll just say it is noteworthy to note that those those loans had to be originated in Tarrant County. >> Okay. >> All right, we have a motion and a second on this. Any >> You said the loans do have to be originated in Tarrant >> Correct. That's correct.

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>> All right, do we have any other discussion on this item? All right, seeing none, all in favor, please raise your hand. Passes unanimously. Next up, item 11, discussion and consideration of a resolution approving delegation of

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a bond issuance authority and assignment of private activity bond authority to Texas Department of Housing and Community Affairs authorizing the execution and delivery of an assignment agreement and containing other provisions. >> Mr. President, this is really related to what you just considered. So, this is first item is go ahead and get the

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allocation, the second one is authorize assignment of that allocation to TDHCA. Very similar to that. It's all one big part of the same process. >> Move approval. >> Second. >> All right, we have a motion and a second to approve. Any further discussion? But, Bob, question on this for you. >> Yes, sir. >> So, the the mortgage originators or the

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the finance companies that are participating in this program? Are they selected or is it a wide net and anybody's able to participate? >> Anybody's able to participate. >> Any lenders available >> Any lenders So this just it's a capacity that's available and they they they

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leverage off the TDHCA interactions with the lending community around the state. >> Yeah. >> When you do this particular allocation though, these have to be originated in Tarrant County. >> Yeah. >> And the fee that you get from those loans that are originated is only for those loans that are originated in Tarrant County. Now if if they're asking for 45 million

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and they want to do 60 million, that other 15 is going to come from some other capacity. They can get up to 45 of your allocation for Tarrant County, but it's a statewide issue or so they could get allocation from different spots and they've got their own independent analysis and allocation to the Texas

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State Legislature for the TDHCA. >> And the lenders utilized the entire capacity that we authorized last year? >> That's the I think that's right. >> Did Did we >> Um the the allocation that um each time that you assign over to TDHCA, they have 3 years to use it. And so in the last 3

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years um you all have assigned a 90 million and they have utilized 60% of that. So there's still more time to originate. Um but I think also what's great with these um partnerships is TDHCA will really when you focus on with an a local HFC

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they have marketing efforts, they have a whole team that is committed to um these Housing Finance Corporation partnerships. I think there's about maybe 12 in the state that including you all that participate in this program of um assigning the volume cap over. And I know that they're working hard on putting marketing material, you all can

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put it on your website. If you have any lenders that you're interested in or um realtors or anything that you can think of to get um you know, the word out about this program, um they're all ears and would be happy to assist in any way. >> Right. So they would be a resource for our county folks with this information

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out. >> Absolutely, yes. >> I I think that that's important. I mean, if we can utilize local lenders, local realtors on local projects. It just boosts our our ability to amplify what we're doing, especially since we're signing it down in the state, not operating it ourselves. >> Definitely.

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>> All right, any other questions on this item? I We I believe we had a motion and a second, did we not? >> Yep. >> Yeah. Okay, with no further discussion, all in favor raise your hand. All right, passes unanimously. Uh next up, item 12, consideration of a resolution authorizing a grant to the

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greater Tarrant area asthma 411 consortium in support of providing emergency medication to Tarrant County school districts from Housing Finance Corporation accounts. Um I'll tell you what this is. Uh I asked for this to be on the agenda. I met with the folks that are part of this asthma

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uh uh consortium coalition from JPS, Cook Children's, uh where else are they all from? There's several of them. Uh UNT, and they have this program where they put money

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into school districts for and they put asthma medicine and they they do it in They try to do it in every school in Tarrant County, in every school district. Uh it's They have asthma medicine in case

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there's an asthma break or issue where they don't have uh asthma medicine at school or the student doesn't have uh his asthma or her asthma medicine or doesn't know they have asthma. Sometimes that happens where there's an attack. And [snorts] then uh they also have Narcan.

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And I believe they put one other medicine there. It's really inexpensive. It's about $75 to cover a school. If I have my numbers correct, but the communication should have it all, but I believe it's about a third of the

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schools in Tarrant County do not have this. So, for $10,000, that would cover the rest of the schools. So, I thought in light of our legal opinion we got where and and I think you had shared that opinion where this can be used for the

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health and betterment of the public. Uh that's why I placed this on there. So, I would make a motion to approve it. >> Second. >> We have a motion and a second. Any discussion on it? Okay, seeing none. All in favor, raise your hand.

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All right, passes unanimously. Uh next we have public comments. Is there anyone from the public who would like to speak? All right, seeing none. We move to announcements and comments. Uh I have one announcement {slash}

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comment and I guess there's no one here to actually deliver it to that I can tell, but what it was going to be was we made a motion and a second at the last Housing Finance Corporation to have administration draft a policy for how we go about distributing money. Um

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they are working on that. Uh I will follow up with them to get something concrete to us and Commissioner Miles has asked that we schedule another meeting before a full quarter out. So, we'll get with everybody on dates to schedule another

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meeting on an item that he wants to do. Uh any other announcements or comments? All right, seeing none. Thank you all for being here. We are officially adjourned.