Theresa Garza

This document outlines the Housing Authority of Elgin's Proposed Five Year Plan for Fiscal Year 2026-2031, prepared in accordance with U.S. Department of Housing and Urban Development (HUD) requirements. The plan is made available for public review and comment, with a public hearing scheduled for board approval.

The board meeting agenda includes a public hearing, the approval of monthly reports, and consideration of two key action items: the submission of the 2026 Annual Plan and the 2026 5-year plan.

Key discussion topics included the approval of the agenda, review of correspondence such as the YouthBuild Audit Report dated January 8, 2026, and approval of monthly reports including the Executive Director Report, CPT, GP Inc. Report, and ACC Management Report. Presentations were scheduled for HCV, FSS, YouthBuild, and Development areas. Action items involved approving resolutions related to the Greystone Letter of Interest, CIBC Letter of Interest, and the Homeownership Total Tenant Payment Cap. Old Business included discussion on Resolution 1424 concerning the Strategic Plan's Mission and Vision statement and the Fox River Acquisition. New Business covered HAE By Laws, Board Training, Board Elections, and HUD Updates. A closed session was scheduled to discuss the Executive Director Contract.

The board meeting included discussions regarding the YouthBuild program, including amendments to the Statement of Work to allow services outside of Elgin, a demographic breakdown, and a review of the reach section of the report. The board also reviewed correspondence from the Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development. Additionally, the board approved the consent agenda, which included the approval of monthly reports. Resolutions regarding Cary Senior Living Partnership Purchase Interest Agreement, Fox River Crossing Partnership Purchase Interest Agreement, and approval to execute a Mini Permanent Loan from Cinnaire were tabled. The board approved Resolution 1421 for Emergency Housing Vouchers and Resolution 1420 for Executive Director Compensation. A closed session was held, followed by further discussion and decisions on tabled resolutions.

The meeting included discussions and approvals related to the agenda, minutes from a previous meeting, correspondences, and a consent agenda involving monthly reports. Key action items included resolutions concerning executive compensation, the PHA Annual Plan, and partnership purchase interest agreements, some of which were tabled for later discussion. The board also addressed old and new business, held a closed session, and amended the agenda to correct a resolution number. Additionally, there were discussions regarding Cary Senior Living Partnership Purchase Interest Agreement, Fox River Crossing Partnership Purchase Interest Agreement, and executing a Mini Permanent Loan from Cinnaire, which were also tabled.