Board Of Commissioners Of Rhode Island Housing And Mortgage Finance Corporation Annual Meeting
The Board of Commissioners conducted its annual meeting, during which several key actions were taken. These included the election of a new Vice-Chair, the approval of the Delegation of Corporate Authority, the appointment of MERS Corporate Signing Officers, and the adoption of revisions to the Employee Handbook. Additionally, the Board granted firm approval for financing regarding the Newport Heights Phase I development and adopted the Executive Director's performance goals for the upcoming fiscal year. A closed session was held to discuss and approve merit-based compensation for the Executive Director.
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Board of Commissioners of Rhode Island Housing and Mortgage Finance Corporation Minutes Of Meeting
The Board discussed the Executive Director’s operational reports, including updates on homeownership lending, delinquency strategies, department reorganization, and proposed fiscal goals. The Board approved contracts for IT network services with Oshean, Inc. and workflow and compliance software with ProLink Solutions. Amendments to the Surplus Property Land Bank Guidelines were adopted. Additionally, the Board engaged Bonz and Company, Inc. as a Rent Comparability Study reviewer and authorized the appointment of a new General Partner for University Heights Apartments, L.P. Preliminary financing approvals were granted for three affordable housing developments: Public and Pine in Providence, Winsor Gardens Phase I in Smithfield, and Tidewater School Street in Pawtucket. Finally, the Board convened in a closed session to review the Executive Director's performance and compensation.
May 28, 2026·Board meeting
Rhode Island Housing and Mortgage Finance Corporation Board of Commissioners Minutes Of Meeting
The Board meeting covered a broad agenda, including reports on Homeownership and Development activities, staff transitions, and the approval of various vendors and financing initiatives. Key approvals included the engagement of the Narragansett Indian Tribal Historic Preservation Office for LeadSafe Homes Program consultations, the selection of Reals Projects LLC for radon testing, and the engagement of inspection and laboratory service providers. Additionally, the Board authorized bond issuance, approved penetration testing and security consultation services, and granted preliminary financing commitments for the Lockwood Plaza Phase II and Shalom Apartments rehabilitation projects.
Apr 16, 2026·Board meeting
Rhode Island Housing and Mortgage Finance Corporation Meeting Of The Board Of Commissioners
The Board of Commissioners discussed and approved several key initiatives, including the engagement of a firm to evaluate the Health and Housing Pilot Program and the awarding of funding for new projects under the Health and Housing Pilot Program. Additionally, the Board authorized the engagement of a vendor for Business Continuity Plan development and software development services. Further approvals were granted for the commitment of Housing 2030 Program funds for multiple affordable housing developments, a preliminary reservation of HOME-ARP funds for the 183 Washington Street project, and the reservation of Low-Income Housing Tax Credits alongside preliminary financing commitments for the Champagne Heights development.
