Fiscal Year 2000 Planning Session
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REGULAR MEETING OF THE MISSOURI HOUSING DEVELOPMENT COMMISSION THURSDAY, APRIL 29, 2021 AT 10:00 A.M. Notice is hereby given that the Missouri Housing Development Commission will conduct its Regular Meeting virtually on Thursday, April 29, 2021. Members of the public may attend this meeting via telephone: Toll Free Conference Line: 800-201-5203 Kansas City: 816-897-0010 St. Louis: 314-627-1157 Access Code: 264716 The agenda of this meeting is attached to this notice. The news media may obtain copies of this notice by contacting: Lynn Sigler Missouri Housing Development Commission 920 Main Street, Suite 1400 Kansas City, MO 64105 (816)759-6822 [email protected] MHDC will make reasonable accommodations for persons with disabilities at the public site. To request an accommodation, please contact Lynn Sigler at (816) 759-6822 or [email protected]. REGULAR MEETING OF THE MISSOURI HOUSING DEVELOPMENT COMMISSION THURSDAY, APRIL 29, 2021 AT 10:00 A.M. AGENDA MEETING WILL BE CONDUCTED VIRTUALLY PUBLIC ACCESS TO THE MEETING IS AVAILABLE BY TELEPHONE: TOLL FREE CONFERENCE LINE: 800-201-5203 KANSAS CITY: 816-897-0010 ST. LOUIS: 314-627-1157 ACCESS CODE: 264716 Regular Meeting 1. Roll Call 2. Approval of Minutes for the March 31, 2021 Regular Meeting 3. Report of Chairman 4. Report of Staff a. SAFHR Update b. Recommendation for AHAP Approvals c. Recommendation for Selection of Bond Underwriters d. Recommendation to Fund 4% Rolling Applications e. Recommendation to Extend Master Servicer Agreement 5. Such other matters that may come before the Commission 1) Roll Call Missouri Housing Development Commission Roster Governor: Mike Parson Governor Commissioner: Lieutenant Governor and Chairman: Garrick Hamilton Mike Kehoe Lieutenant Governor Commissioner: Treasurer: Danny P. Chadakhtzian Scott Fitzpatrick State Treasurer Commissioner: Stephen J. Parshall Attorney General: Eric Schmitt Attorney General Vice Chairman: Tracey S.C. Lewis Secretary/Treasurer: Mark Elliff Commissioner: Rick McDowell Page 1 of 1 Rev. 1.28.21 2) Approval of Minutes for the March 31, 2021 Regular Meeting MISSOURI HOUSING DEVELOPMENT COMMISSION Regular Meeting Minutes of Meeting Held Friday, March 31, 2021 The Regular Meeting of the Missouri Housing Development Commission was held virtually on Wednesday, March 31, 2021 at 10:00am. Those present were: Commissioners and Persons Present to Vote for Mike Kehoe, Lieutenant Governor and Ex-Officio Members Chairman Scott Fitzpatrick, State Treasurer Justin Smith, on behalf of Attorney General Schmitt Tracey Lewis, Vice Chairman Mark Elliff, Secretary-Treasurer Rick McDowell, Commissioner Garrick Hamilton, Commissioner Danny Chadakhtzian, Commissioner Others Present Kayla Hahn, Governor Parson’s Office Leslie Korte, State Treasurer Fitzpatrick’s Office Henry Herschel, Lieutenant Governor Kehoe’s Office Commissioners Absent Mike Parson, Governor Eric Schmitt, Attorney General Stephen Parshall, Commissioner Staff Members Kip Stetzler, Executive Director Tina Beer, Director of Operations Marilyn Lappin, Director of Finance Frank Quagraine, Director of Rental Production Katie Jeter-Boldt, General Counsel Jennifer Schmidt, Deputy Director of Operations Scott Hanak, Director of Asset Management David Nickum, Director of Information Technology Sara Turk, Fiscal and Accounting Manager Gus Metz, Chief Underwriter Steve Whitson, Community Initiatives Manager Jenni Miller, Manager of HUD Programs Lynn Sigler, Operations Manager Anne Powell, Senior Staff Attorney Megan Word, Legislative Coordinator Chairman Lieutenant Governor Kehoe called the meeting to order. Commission meeting roll call was taken by Ms. Sigler; a quorum was present. A motion to approve the Minutes of the Regular Meeting held on February 19, 2021 was made by Vice Chairman Lewis and seconded by Commissioner McDowell. The motion passed unanimously with a vote of 8-0. Staff presented the State Assistance for Housing Relief (SAFHR) Program. A motion was made by Chairman Lieutenant Governor Kehoe to approve the four organizations presented to provide housing stability services. The motion was seconded by Secretary-Treasurer Elliff. The motion passed unanimously with a vote of 8-0. A motion to approve Resolution No. 1064 authorizing the issuance of multifamily housing refunding revenue bonds was made by Chairman Lieutenant Governor Kehoe and seconded by Secretary- Treasurer Elliff. The motion passed unanimously with a vote of 8-0. A motion to approve the 2020 Round 2, 4% Low-Income Housing Tax Credit Notice of Funding Availability was made by Chairman Lieutenant Governor Kehoe and seconded by State Treasurer Fitzpatrick. The motion passed unanimously with a vote of 8-0. A motion to approve funding the Federal 4% rolling application presented was made by Commissioner McDowell and seconded by Vice Chairman Lewis. The motion passed unanimously with a vote of 8-0. After inquiring of Commissioners and staff if there were other matters for the Commission to take up, and upon hearing none, Chairman Lieutenant Governor Kehoe concluded the meeting. _____________________________________________ Lieutenant Governor Mike Kehoe, Chairman 3) Report of Chairman 4) Report of Staff a. State Assistance for Housing Relief (SAFHR) Update April 29, 2021 TO: Commissioners Missouri Housing Development Commission FROM: Jenni Miller Mike Parson Manager of HUD Programs Governor Mike Kehoe SUBJECT: State Assistance for Housing Relief (SAFHR) Update Lieutenant Governor Chairman Staff developed the State Assistance for Housing Relief Program (the “SAFHR Scott Fitzpatrick Program”) to administer the state share of federal Emergency Rental Assistance funds State Treasurer authorized by the Consolidated Appropriations Act, 2021 and distributed by the U.S. Eric Schmitt Department of the Treasury. The SAFHR Program assists qualifying households unable Attorney General to pay rent and utilities due to the COVID-19 pandemic. Staff provides the following Mark Elliff SAFHR updates on marketing, funding, duplication of benefits clearinghouse, housing Secretary-Treasurer stability services and general stimulus funding. Rick McDowell Commissioner Marketing Garrick Hamilton Website/Social Media Commissioner Landlord and Renter Brochures Tracey S.C. Lewis Targeted Outreach Efforts Vice Chairman Housing Stability Agencies Outreach Danny P. Chadakhtzian Commissioner Comprehensive Report of Activities Schedule of Future Outreach Stephen J. Parshall Commissioner Coordinated Outreach Event Funding SAFHR Awards Approved Kip Stetzler Landlord Portal Open Executive Director Duplication of Benefits Clearing House Kansas City Database Now Operating 920 Main, Suite 1400 Kansas City, MO 64105 SAFHR Opened to entire State April 1, 2021 816-759-6600 Fax 816-301-7000 Housing Stability Services RFP Responses St. Louis Brought on Two New Service Providers 505 N. 7th Street RFP Remains Open 20th Floor, Suite 2000 Service Coverage St. Louis, MO 63101 www.mhdc.com General Stimulus Funding Federal Funding Summaries Evaluating New Eligible Activities to Plan for Future American Rescue Plan: Homeowner Assistance Funds 4) Report of Staff b. Recommendation for AHAP Approvals 2021 - Recommended AHAP Production Applications AHAP Credits Project # Non-Profit Name Agency City Purpose Recommended 21-001-AHAP Habitat for Humanity of St. Francois County, Inc. Farmington New construciton of Habitat for Humanity single family homes. $ 70,000 New construction of a building to house 11 aged out of foster 21-003-AHAP Drumm Center for Children Kansas City care children. $ 345,615 21-004-AHAP Council Apts., Inc University City New construction of senior center in Crown Center Apartments. $ 550,000 Funds will be used to help fund 2 buildings that focus on housing and services for individuals, families, youth and 21-005-AHAP The Kitchen, Inc Springfield veterans of an emergency shelter. $ 400,000 New construction of a building to house victims of domestic and 21-006-AHAP Hope Haven of Cass County INC Harrisonville sexual violence. $ 55,000 Rehabilitation of the 2nd floor of a facility which will add 11 ADA 21-007-AHAP River of Refuge Kansas City apartments for families that are homeless. $ 1,000,000 4) Report of Staff c. Recommendation for Selection of Bond Underwriters April 29, 2021 TO: Board of Commissioners Missouri Housing Development Commission Mike Parson Governor FROM: Marilyn Lappin Mike Kehoe Director of Finance Lieutenant Governor Chairman SUBJECT: Recommendation to Select Bond Underwriters Scott Fitzpatrick and Selling Group Members State Treasurer Eric Schmitt Attorney General Proposals were received from twenty-two firms in response to the RFP for Bond Tracey S.C. Lewis Underwriters and Selling Group Members. The responses include eight proposals to Vice Chairman serve as senior manager/book-runner to underwrite and sell MHDC’s single family and Mark Elliff multifamily mortgage revenue bonds. Secretary‐Treasurer Rick McDowell Currently, the bond underwriting team as selected in 2016 includes the following firms: Commissioner Garrick Hamilton Rotating Senior Managers/Book-Runners Commissioner George K. Baum & Company1 and Stifel, Nicolaus & Company Danny P. Chadakhtzian Co-Managers Commissioner BoA Securities, RBC Capital Markets, Stern Brothers & Co. and UMB Bank Stephen J. Parshall Rotating Co-Managers/Selling Group Members: Commissioner Drexel Hamilton, Fidelity Capital Markets, and Raymond James & Associates 2 Selling Group FTN Financial Capital Markets, Great Pacific Securities, Piper Sandler and Robert W. Baird & Co.