Jun 13, 2013BoardMeeting
BoardHawaii Housing Finance and Development Corporation Regular Meeting
The Board discussed and approved several financial and administrative items. Key actions included approving amendments to the Rental Housing Trust Fund Loan for the Hale Uhiwai Nalu project, specifically regarding mortgage subordination and an extension of the Letter of Intent. The Board adopted Resolution No. 052, which authorized amendments to the terms and conditions of Hula Mae tax-exempt bonds for the Hale Hoaloha Apartments project, and Resolution No. 053, which expressed appreciation for Director Francis L. Jung. Additionally, the Board held an executive session to consult with legal counsel regarding the search for a new executive director.