Thurston Ramey

The Townhall meeting focused on DC Tax Exempt Bond Issuance, detailing the status of the market and the bond capital (cap) availability. Key discussion points included walking through the DCHFA Readiness Review process, which is conducted in coordination with DHCD and means a competitive process based purely on score, not on submission time. An update on 2024 results showed 15 applications with 8 selected for underwriting and 7 deferred transactions totaling approximately $302 million, noting that 2024 cap is accounted for. The presentation also outlined the expected timeline for 2025 transactions, suggesting onboarding might occur in Q1 2025 for the July 2024 round applicants. Furthermore, administrative details were covered, including updates related to the Greener Government Buildings Act requiring Net Zero compliance for certain new projects starting in the July round. The subsequent process review detailed requirements for Readiness Reviews, such as proof of construction permit filings, current financing letters of intent, updated construction cost estimates, and the DHCD threshold approval score letter. The timeline following DCHFA board approval, which involves a 30-day passive approval period by the DC Council for the eligibility resolution, was also discussed.

The agenda for the meeting included the call to order and verification of quorum, followed by a vote to approve the minutes from the December 9, 2025 board meeting, and a discussion on the DCHFA Annual Meeting and Elections. The Board planned to move into a closed session to discuss the Headquarters Building Discussion and the Approval of a Contract with Creative Financial Staffing for Temporary Accounting Services. Upon re-opening the meeting, the Board was scheduled to consider DCHFA Resolution No. 2026-01(G) regarding the Notice of Termination for the Agency's Headquarters Building, and DCHFA Resolution No. 2026-02(G) concerning the contract approval for temporary accounting services. The agenda also listed time for Other Business and the Executive Director's Report before adjournment.

This document is a transcript of a TeleTownHall providing an update on the District of Columbia's strategic housing goals. The primary objective is to achieve 36,000 new housing units by 2025, with a sub-goal of 12,000 affordable units. Key initiatives include zoning amendments to facilitate housing development, community planning efforts in specific wards, and programs to support faith-based housing, homeownership, and accessory dwelling units. The plan emphasizes intentionality in spreading housing equitably across all wards and leveraging various funding mechanisms and partnerships to meet these targets.

The meeting included discussions and a vote regarding the Beacon Center project and bond transaction. The board also received an Interim Executive Director's report, which included updates on the New Communities Initiative Report, the PNC Credit Card, and the Fraud Hotline. Other business included updates on DCHFA Government Affairs, Parkway Overlook, the proposed Fiscal Year 2015 Budget. The board also had a discussion with an attorney.

The meeting included discussions and resolutions regarding The Grove at Parkside project, including its financing with tax-exempt bonds, Low Income Housing Tax Credit equity, and Housing Production Trust Fund dollars. There was also a discussion regarding the Portner Flats project, including its financing and the services to be offered to tenants. The board also considered a resolution authorizing the Interim Executive Director to submit an application to the U.S. Department of Housing and Urban Development for Level 1 Risk Sharing. The Interim Executive Director provided a report covering topics such as City Council Roundtable on Certified Small Business Enterprise Compliance, the 35th Anniversary and Holiday Party, Board Member Appointments, CNHED Annual Meeting and Holiday Mixer, and the upcoming Annual Meeting.