Cynthia Lucio

The board reviewed and approved the unaudited financial statement for the fiscal year ending March 31, 2026, and authorized the charge off of unpaid balances for vacated units from April 2026. They also approved the Section 8 Management Assessment Program certification for the fiscal year ending March 31, 2026, and initiated the bidding and contract award process for exterior renovations at Le Moyne Gardens and security camera installations at Los Vecinos Apartments.

The board discussed and addressed several key items, including the presentation of the Employee of the Quarter and service recognition awards. Financial matters included the presentation of unaudited financial statements for various accounts and the approval of charge-offs for vacated unit accounts. Additionally, the board acted to authorize the formation of an entity for the Washington Property. Reports were provided regarding various programs, including financial performance, maintenance, and administrative operations.

The board meeting agenda included reviewing conflict of interest disclosures, approving the unaudited financial statements for February 2026, and receiving reports from program administrators regarding financial status, rental properties, and unit vacancy balances. Discussion also covered plans for future expansion of affordable housing and updates on various administrative and program initiatives.

The board discussed several items, including the presentation of unaudited financial statements for various accounts, approval of charge-offs for unpaid balances on vacated units, and the adoption of a resolution for the formation of an entity for the Washington Property. Additionally, reports were reviewed from program administrators and coordinators covering financial, maintenance, HR, and housing occupancy status. An employee of the quarter was presented, and the board addressed administrative updates and executive session procedures.

The meeting agenda included several key actions and reports. New business involved the presentation and approval of the Unaudited Financial Statement for all accounts for December 2025. Under old business (non-action items), the Chief Executive Officer provided reports from various Program Administrators and Coordinators covering financial statements, accounting, HR, property management, maintenance, resident events, procurement, occupancy, and Housing Choice Voucher/Section 8 status. The CEO also reported on administrative meetings and future scheduled activities. Major actions taken included approving Resolution 1530 adopting the Fiscal Year beginning April 1, 2026, Operating Budgets which included a 3% cost-of-living increase for employees, and approving Resolution 1531 adopting utility allowances for the Housing Choice Voucher/Section 8 Program effective April 1, 2026. Additionally, the Board accepted bids and awarded a contract for the purchase of one (1) 2025 model full-size ½ ton pickup truck with a tommy lift and one (1) 2025 model SUV for Administration and Maintenance use.