Daytona Beach Housing Authority

The Annual Board Meeting commenced with a roll call and invocation. Key business included the approval of Resolution 2024-01, which formally elected Director Daniels as Chair and Director Murphy as Vice Chair of Pine Haven Partners, Inc. No public comments were offered, and there were no other new business items discussed.

The Regular Board Meeting addressed several key items, including an update on the 2023 audit submission to HUD and the scheduling of the 2024 audit. The primary focus was on two critical resolutions related to RAD conversion. Resolution 2026-13 involved the unanimous approval to forgive approximately $15 million in existing Hope VI debt for three properties (Villages at Halifax, Lakeside, and Pine Haven) as part of the RAD conversion transaction. This action was deemed necessary due to tight deadlines related to a Freddie Mac maturity date and the potential jeopardy to $40 million in equity. The debt forgiveness will be replaced by new seller financing. Resolution 2026-16, approving the finance closing for Daytona Beach Resyndication, was also unanimously approved. Additionally, the board approved Resolution 2026-14 for updated Bylaws. The Consent Agenda items, including updated flat-rent schedules, maintenance plans, and rent collection policy, were approved. An update was provided on the agency's status as a High Performer in the SEMAP evaluation with a score of 96 percent.

The meeting commenced with a call to order and invocation. The New Business segment involved the unanimous approval of Resolution 2024-01, which officially elected Director Daniels as Chair and Director Murphy as Vice Chair of Lakeside Village Partners, Inc. No other substantive business or visitor comments were addressed.

The meeting addressed the resignation of Terril Bates and the subsequent need to authorize an interim authority to ensure the agency's continued operation. Discussions included the selection of a recruiter for a new CEO, with a motion to send procurement information to hire Gans and Gans. The board approved Resolution 2022-01, authorizing the interim President/CEO or their designee to execute documents on behalf of the housing authority, with amendments to include the Director of Finance and clarify signing authority. The board also discussed hiring an interim CEO, potentially from nearby agencies with RAD expertise, and addressed concerns about communication with residents and staff during the transition.

The board meeting included discussions on real estate development, including a potential RAD conversion at tax-credit properties and the Choice Neighborhood Planning Grant. There were also discussions about vacant properties, partnerships, and the progress of Windsor-Maley. The board also discussed the Honeywell Forge visitor-management software and public housing reports. The CEO's performance was evaluated, and a salary increase was approved.