Janet Lee

The Board authorized the negotiation of a multi-year contract for audit and tax preparation services with Novogradac & Company LLP, including a contingency provision for an alternative firm. Furthermore, the Board adopted a resolution ratifying the Governor's proclamation of a state of emergency, which facilitates the continued authorization of remote teleconference meetings as permitted under the Brown Act and Assembly Bill 361.

The board discussed the Independence Plaza Refinancing Strategy, including proposed move-in rents at the 70% AMI rate, and approved a 3% rent increase for all tenants effective February 1, 2022. Additionally, the board adopted a resolution ratifying the state of emergency to authorize continued remote teleconference meetings under the Brown Act and received communications regarding the future inclusion of property action items on upcoming agendas.

This document outlines the Alameda Housing Authority's strategic planning process, presented at a September 2024 Board Retreat. It reviews the progress made on the 2019-2024 Strategic Plan and 5-Year Plan goals, and provides recommendations for the upcoming 2025-2029 plans. Key strategic areas include optimizing affordable housing and services, efficient and sustainable resource management, staff development and retention, ensuring financial stability, enhancing data integrity, improving residents' quality of life, and expanding housing choice.

The Board approved the assignment of purchase rights and a $3,500,000 loan from the Housing Authority of the City of Alameda. The Board discussed the necessity of the corporation serving as the holding entity for properties purchased to allow for the placement of Section 8 contracts. Specific discussions were held regarding loan repayment terms, set at 75% of cash flow, and the rationale for financing these properties as a collective acquisition rather than individual purchases.

The annual meeting focused on organizational business, including a public hearing and subsequent approval of a resolution for an easement on real property in Alameda. The Board also reviewed and approved the one-year operating and capital budget for the upcoming fiscal year. Finally, the Board moved to proceed with the election of officers as part of its annual organizational tasks.