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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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.
