Housing Authority of the City of Brownsville Board Packet
The document is a Board Packet for a Regular Meeting, which includes minutes from a previous meeting held by the Brownsville Housing Opportunity Corporation (BHOC) on May 28th, 2020. Key discussions and actions included presenting a consolidated summary of the Operating Budget for BHOC for Fiscal Year 2021, noting significant increases in revenue and expenses largely driven by General Contractor income and expenses related to Poinsettia Gardens at Boca Chica and Trail Village projects. The Board also discussed major replacement reserve work projects for RAD properties. During the Executive Session, the Board discussed LIHTC Allocations for Poinsettia Gardens and Trail Village, and the El Jardin Project. Subsequent action approved the Construction Contract related to the 2019 9% LIHTC Allocation for Trail Village. Furthermore, the Board reviewed administrative recommendations to approve several Memorandums of Understanding (MOUs) concerning partnership definitions and funding allocations between BHOC, various Resident Councils (Citrus Gardens Annex, Linda Vista, Sunset Terrance, Las Brisas, Rose Gardens, Scattered Sites), and the Resident Advisory Board (RAB). The packet also detailed the acceptance of the BHOC Fiscal Year End 2019 Annual Audit.