New York State Division of Housing and Community Renewal

The meeting covered various topics including updates on affordable housing resources, a SONYMA initiative to increase homeownership opportunities for lower-income borrowers, and an overview of the federal housing and HUD budget. Discussions included the approval of contracts for application management services, IT temporary staffing, and hosted technology services. The board also reviewed and approved mortgage insurance for several affordable housing projects in various counties, with a discussion on fair housing implications. Finally, the meeting included the approval of grants for projects outside of New York City.

The Audit Committee meetings for the New York State Housing Finance Agency, the State of New York Mortgage Agency, the Affordable Housing Corporation, the State of New York Municipal Bond Bank Agency, and the Tobacco Settlement Financing Corporation were held via conference call due to COVID-19 restrictions. The meetings covered several key items, including the approval of the transcript of the October 15, 2020 meeting, and the approval of Internal Audit reports on the Procurement Department, the Treasury Department, and the Vacant and Abandoned Property program. Additionally, servicer audits of Tompkins Trust Company and JP Morgan Chase were approved.

The board meetings covered various topics, including President's report on the status of HFA and SONYMA portfolios, updates on the Mortgage Insurance Fund (MIF), and HCR's involvement in the NYS COVID Rent Relief Program. Discussions included financing and mortgage insurance for affordable housing units across multiple counties, amendments to the Qualified Allocation Plan (QAP), contract extensions, and approvals for several projects. The meetings also addressed the implementation of the BAM project, and the approval of amended and restated resolutions for bond remarketed and directly purchased by Mizuho Bank and the substitution of a credit facility.

The meeting included the approval of resolutions authorizing the issuance of bonds and subsidy funding for several projects: Troy Housing Authority Preservation Bundle 2, Golden Hill, Luna Green, Park Square II, and Hudson Heights Apartments. Discussions included roof repairs, solar energy options, developer fees, and the use of geothermal energy. An increase in the allocation of LIHTCs for the Reverend William M. James Apartments project was also approved, along with AHOP subsidy loans and Small Buildings Loan Program subsidy loans for various projects. An executive session was held to discuss the financial, credit, or employment history of a corporation.

The meeting included the approval of various contracts monitored by the Facilities and Administration Department.