MINUTES OF THE MEETING OF THE HOUSING TRUST FUND CORPORATION (HTFC) HELD ON MAY 11, 2017 AT 9:30 A.M.

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1 MINUTES OF THE MEETING OF THE HOUSING TRUST FUND CORPORATION (HTFC) HELD ON MAY 11, 2017 AT 9:30 A.M. Locations: New York State Homes and Community Renewal, 641 Lexington Avenue, 4 th Floor New York, New York New York State Homes and Community Renewal, State Street, Commissioner s Conference Room, Albany, New York Locations connected by video-conference MEMBERS PRESENT: RuthAnne Visnauskas, Chairperson Alejandro Valella, representing William C. Thompson, Member OTHERS PRESENT: Joseph Abate Rebecca Chew, participating by phone Sean Fitzgerald Maralyne Fleischman Leora Jontef Chris Leo Betsy Mallow Linda Manley Dan Murphy Lisa Pagnozzi John Scimeme, participating by phone Heather Spitzberg Eu Ting-Zambuto There was a quorum with Chairperson Visnauskas and Mr. Valella present. Mr. Valella made a motion to call to order the meeting of the Members of HTFC. The motion was seconded by Chairperson Visnauskas. The first item on the agenda was the approval of the minutes of the meeting held on April 13, The minutes were approved and adopted. The next item on the agenda was a resolution approving an inspection services agreement with CVR Associates, Inc. for the Section 8 Housing Choice Voucher Program. Mr. Abate presented the recommendation to authorize a Section 8 inspection services agreement with CVR Associates, Inc. ( CVR ). He described the circumstances warranting a need to solicit the services, and he described the scope of services needed across the Corporation. He described the issuance of the RFP for the service and discussed the selection of CVR. He recommended a contract for a three-year period, with an option to extend the agreement for a

2 two-year period, in an annual amount not exceed $268,000 for the first three years of the contract. Section 1. The Members hereby approve the Section 8 Inspection Services Agreement for the Housing Choice Voucher Program with CVR Associates, Inc. for a three- year period with an option to extend the Agreement for a two-year period, in an annual amount not exceed $268,000 for the first three years of the contract. Section 2. The Members hereby authorize the President or Vice President of the Office of Housing Preservation or any Senior Officer as defined by HTFC s By-Laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 3. This resolution shall take effect immediately. The next item on the agenda was a resolution approving Unified Funding Round awards under the HOME Program, Supportive Housing Opportunity Program ( SHOP ), Low Income Housing Trust Fund Program, Rural Area Revitalization Projects Program, and the Rural and Urban Community Investment Fund Program. This item was to ratify awards to applicants for high-readiness projects that qualified for early awards under a multifamily capital program solicitation. and the following resolutions were adopted: Section 1. The Members hereby authorize awards under the HOME Program to the applicants in the amount up to the amounts identified as follows: Project ID Applicant Project Name Region County Municipality HOME Recommended Parkview Development & Construction, LLC Genesee Valley Rural Preservation Council, Inc Walnut Penn Yan LLC Buffalo Neighborhood Stabilization Co., Inc. Mews at Prattsville Capital Region Greene Wildbriar Estates Livingston Walnut Hill Apartments Preservation Yates Town of Prattsville Livonia Penn Yan $4,073,742 $1,836,145 $490,113 GDZ Homes Western NY Erie Buffalo Program Award Total $8,600,000 2

3 Section 2. The Members hereby provide that this authorization will lapse 360 days after the effective date of this resolution if a closing on all sources of construction financing sufficient to complete the project has not occurred. Section 3. The Members hereby authorize the entering into of regulatory agreements with the applicants, upon their satisfactory compliance with any pre-contract conditions as required by statute or regulations, and upon such terms and conditions as set forth by program guidelines. Section 4. The Members hereby authorize any officer in the Office of Finance and Development or Senior Officer as defined in the By-Laws of HTFC to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 5. This resolution shall be effective May 4, Section 1. The Members hereby authorize SHOP awards to the applicants in the amount up to the amounts identified as follows: Project ID Applicant Project Name Region County Municipality SHOP Recommended Depaul Properties Incorporated Geneseo Apartments Livingston Warwick Properties, Inc. Bella Vista II Mid Hudson Orange Transitional Services for New York, Inc Comunilife, Inc. El Rio II Southern Tier Environments For Living Waldron Avenue Housing Mid Hudson Rockland Dunkirk Renovation and Ownership Program 2016 New York City Western NY Bronx Chautauqua Geneseo Middletown Nyack New York City Dunkirk Program Award Total $3,550,000 $1,523,605 $4,032,959 $9,640,000 $880,407 $19,626,971 Section 2. The Members hereby provide that this authorization will lapse 360 days after the effective date of this resolution if a closing on all sources of construction financing sufficient to complete the project has not occurred. Section 3. The Members hereby approve the entering into of a regulatory agreement with the applicant, upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation. 3

4 Section 4. The Members hereby authorize any officer in the of the Office of Finance and Development or any Senior Officer as defined by the By-Laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 5. This resolution shall be effective May 4, Section 1. The Members hereby authorize awards under the Low- Income Housing Trust Fund Program to the applicants in the amount up to the amounts identified as follows: Project ID Applicant Project Name Region County Municipality Award Vecino Group New York, LLC Pearl Overlook Corporation CDS Monarch, Inc Providence Housing Development Corporation Charles Settlement House Inc Walnut Penn Yan LLC Baldwin Real Estate Development Corporation Carman Place Apartments II, LLC Clinton County Chapter NYSARC, Inc. Ridgewood Bushwick Senior Citizens Council, Inc. Habitat For Humanity - New York City, Inc. First Ward Action Council, Inc CDS Monarch, Inc Nelson Development Group, LLC Tompkins Community Action, Inc. Mosaic Village Ida Yarbrough Homes Redevelopment - Phase II CDS Monarch Senior Living - Hard Rd Durand Senior Apartments Stadium Estates - Phase II Walnut Hill Apartments Preservation Canandaigua Family Apartments - Phase I Carman Place Apartments II Connecticut Court II Atlantic East (aka Harry T. Nance) Apartments Sydney House Crandall/North Street Revitalization CDS Elmira Senior Living Gateway Project Amici House Capital Region Capital Region Long Island North Country New York City New York City Southern Tier Southern Tier Southern Tier Southern Tier Albany Albany Monroe Monroe Monroe Yates Ontario Nassau Clinton Kings Bronx Broome Chemung Tioga Cohoes Albany Town of Webster Town of Irondequoit Rochester Penn Yan Town of Canandaigua Hempstead Town of Plattsburgh New York City New York City Binghamton Elmira Owego $1,995,202 $3,811,843 $2,400,000 $1,205,118 $2,000,000 $1,800,000 $2,000,000 $1,000,000 Tompkins Ithaca $1,759,445 4

5 Southern Tier Environments For Living People Community HDC. Lt. Col. Matt Urban Human Services Center Dunkirk Renovation and Ownership Program 2016 Linwood/Lafayette Senior Apartments Western NY Western NY Chautauqua Erie Hope House 2016 Western NY Erie Dunkirk Buffalo Buffalo Program Award Total $1,963,593 $1,276,531 $36,611,732 Section 2. The Members hereby provide that this authorization will lapse 360 days after the effective date of this resolution if a closing on all sources of construction financing sufficient to complete the project has not occurred. Section 3. The Members hereby approve the entering into of a regulatory agreement with the applicant, upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation, and consistent with such terms and conditions as set forth by program guidelines. Section 4. The Members hereby authorize any officer in the Office of Finance and Development or Senior Officer as defined in the By-Laws of HTFC to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 5. This resolution shall be effective May 4, Section 1. The Members hereby authorize awards under the Rural Area Revitalization Projects Program up to the amounts specified to the following eligible applicants: Project ID Applicant Project Name Region County Municipality Genesee Valley Rural Preservation Council, Inc. Depaul Properties Incorporated Southern Tier Environments For Living Wildbriar Estates Geneseo Apartments Dunkirk Renovation and Ownership Program 2016 Western NY Livingston Livingston Chautauqua Livonia Geneseo Dunkirk Program Award Total Section 2. The Members hereby provide that this authorization will lapse 360 days after the effective date of this resolution if a closing on RARP Recommended $200,000 $200,000 $81,000 $481,000 5

6 all sources of construction financing sufficient to complete the project has not occurred. Section 3. The Members hereby authorize the entering into of regulatory agreements with the applicants, upon their satisfactory compliance with any pre-contract conditions as required by statute or regulations, and upon such terms and conditions as set forth by Program guidelines. Section 4. The Members hereby authorize any officer of the Office of Finance and Development or other Senior Officer as defined by the By- Laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution Section 5. This resolution shall be effective May 4, Section 1. The Members hereby authorize awards under the Rural and Urban Community Investment Fund Program to the applicants in the amount up to the amounts identified as follows: Project ID Applicant Project Name Region County Municipality CIF Recommended CIF Type Vecino Group New York, LLC Providence Housing Development Corporation Genesee Valley Rural Preservation Council, Inc. Walnut Penn Yan LLC First Ward Action Council, Inc. Nelson Development Group, LLC Tompkins Community Action, Inc. Buffalo Neighborhood Stabilization Co., Inc. Lt. Col. Matt Urban Human Services Center Mosaic Village CR Albany Cohoes $582,770 Rural Durand Senior Apartments Wildbriar Estates Walnut Hill Apartments Preservation Crandall/North Street Revitalization FL FL FL ST Monroe Livingston Yates Broome Gateway Project ST Tioga Town of Irondequoit Livonia Penn Yan Binghamton Owego $936,440 Urban $262,809 Rural $6,767,750 Rural $257,913 Urban $483,352 Rural Amici House ST Tompkins Ithaca $1,325,000 Urban GDZ Homes WNY Erie Buffalo $204,064 Urban Hope House 2016 WNY Erie Buffalo $2,423,469 Urban Program Award Total $13,243,567 6

7 Section 2. The Members hereby provide that this resolution will lapse 360 days after the effective date of this resolution if a closing on all sources of construction financing sufficient to complete the project has not occurred. Section 3. The Members hereby authorize any officer of the Office of Finance and Development or any Senior Officer as defined by the By- Laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 4. This resolution shall be effective May 4, The next item presented was a resolution authorizing an award under the Imperiled Projects Program for St. Joseph s Housing Corporation. Ms. Fleischman described the project s troubled history and stated that this additional funding request is in connection with the efforts to transfer ownership of the troubled assets. She stated that there was a growing list of expenses which exceeded the aggregate allocation authorized previously by the Members, which included tax payments/liability, insurance, and management fees. Chairperson Visnauskas asked what percentage of the assets are being given to the land bank versus the housing authority. Ms. Fleischman responded that the vacant land is being transferred to the Albany Land Bank and the land with property is being transferred to the Albany Housing Authority. She discussed the breakdown of vacant land and units on the property. Chairperson Visnauskas asked if HTFC should expect the Albany Housing Authority to come back for funding to redevelop this property. Ms. Fleischman responded that HTFC should expect this, as the property is part of a long-standing renewal strategy for the area. Section 1. The Members hereby approve an additional award of up to $15,000 in emergency funds under the Policy for the Use of Funds to Preserve HTFC Assisted Projects Imperiled by Disaster or Other Circumstances Beyond the Project s Ability to Remedy for St. Joseph s Housing. Section 2. The Members hereby authorize any officer of the Office of Housing Preservation or any Senior Officer as defined by HTFC s by- 7

8 laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 3. This resolution shall take effect immediately. The next item presented was a resolution authorizing award under the Preservation Initiative Program ( PIP ) for Whitney Heights. Ms. Fleischman described the project and the need for PIP funds. She described the physical and technological upgrades necessary to preserve the project. Section 1. The Members hereby approve an award of up to $2,360,514 from funds committed for PIP projects for Whitney Heights and approve the entering into of a regulatory agreement with the applicant upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation, as applicable. Section 2. The Members hereby authorize the President or Vice Presidents of the Office of Housing Preservation or another authorized officer of HTFC to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 3. This resolution shall take effect immediately. The next item presented was a resolution authorizing an award under the Supportive Housing Opportunity Program ( SHOP ) for La Central Supportive. Ms. Jontef described the project and highlighted that the project will include affordable and supportive units with on-site social services. Section 1. The Members hereby authorize the administration of SHOP funds and an award of up to $11,600,000 under SHOP for La Central Supportive. Section 2. The Members hereby provide that this authorization will lapse 360 days after the effective date of this resolution if a closing on all sources of construction financing sufficient to complete the project has not occurred. 8

9 Section 3. The Members hereby approve the entering into of a regulatory agreement with the applicant, upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation. Section 4. The Members hereby authorize any officer of the Office of Finance and Development or any Senior Officer as defined by the By- Laws to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 5. This resolution shall be effective immediately. The next item presented was a resolution authorizing an award under the Community Development Block Grant ( CDBG ) Program for economic development to the Town of Wheatfield to assist Big Thunder Brewing. Mr. Leo presented the award recommendation. He described the project and its expansion of the company s operations into vacant space. He highlighted that the project was expected to create 63 full-time equivalent jobs over two years, with 50 (79%) to benefit low- and moderate- income persons. Section 1. The Members hereby authorize an award of CDBG Program funds for economic development to the Town of Wheatfield in an amount up to $750,000 to assist Big Thunder Brewing with machinery and equipment expenses needed in order to open operations in the mostly vacant Summit Park Mall located in the Town of Wheatfield. Section 2. The Members hereby authorize HTFC to enter into regulatory agreements with the applicant, upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation, and upon such terms and conditions as set forth in the program guidelines. Section 3. The Members hereby authorize the President of the Office of Community Renewal or another authorized officer, subject to the provisions of this resolution, to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 4. This resolution shall take effect immediately. The next item on the agenda was a resolution authorizing an award under the CDBG Program for economic development to the Johnstown to assist Johnstown Renewables. Mr. Leo described the award recommendation for the Johnstown in an amount up to $405,000 to assist Johnstown Renewables in outfitting a processing facility to 9

10 process the waste whey generated from FAGE s operations. He highlighted that the project was expected to create 27 full-time jobs over two years, with 24 to benefit low- to moderate- income persons. Section 1. The Members hereby authorize an award of CDBG Program funds for economic development to the Johnstown in an amount up to $405,000 to assist Johnstown Renewables in outfitting a processing facility to expand operations for FAGE USA Dairy. Section 2. The Members hereby authorize HTFC to enter into regulatory agreements with the applicant, upon its satisfactory compliance with any pre-contract conditions as required by statute or regulation, and upon such terms and conditions as set forth in the program guidelines. Section 3. The Members hereby authorize the President of the Office of Community Renewal or another authorized officer, subject to the provisions of this resolution, to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 4. This resolution shall take effect immediately. The next item on the agenda was a resolution authorizing performance based initiative awards under the NYS HOME Local Program. Mr. Leo presented on the performance based initiative and highlighted that this initiative will streamline the HOME award and contracting process by reducing the paperwork and time involved during funding. He stated that the funds were coming from prior fiscal year uncommitted and/or de-obligated HOME funds. He presented on the process of contract review to determine which Local Program Administrators would qualify for an award and discussed the contract terms. Section 1. The Members hereby authorize performance based initiative awards with contract addendums under the HOME Local Program to the following eligible Local Program Administrators up to the amounts specified below: 10

11 Local Program Administrator SHARS ID PBI Amount Original Award Amount Time to Expend PBI Bishop Sheen Ecumenical Housing Foundation, $400,000 $400,000 1 year Inc. Opportunities for Chenango, Inc $105,000 $400,000 6 month TOTAL $505,000 Section 2. The Members hereby authorize the entering into of regulatory agreements with the applicants, upon their satisfactory compliance with any pre-contract conditions as required by statute or regulations, and upon such terms and conditions as set forth by HOME Local Program guidelines. Section 3. The Members hereby authorize the President of the Office of Community Renewal or another authorized officer of HTFC to execute any documents which may be necessary and appropriate to effectuate the purposes of this resolution. Section 4. This resolution shall take effect immediately. The next item on the agenda was a resolution approving the transfer and assignment of the Housing Choice Voucher ( HCV ) Program from the Town of Smithtown to HTFC. Mr. Abate presented the proposed transfer and assignment of the Town of Smithtown s HCV Program to HTFC. He stated that HTFC s current Suffolk County Local Administrator, CPC, has been operating this program for many years already and the transfer will be seamless. Chairperson Visnauskas asked if HTFC holds the contract or just administers it. Mr. Abate responded that the contract will be held by HTFC. Section 1. The Members hereby approve the transfer and assignment of the Housing Choice Voucher Program with contract and budget authority from Town of Smithtown Section 8 Voucher Program to HTFC, effective July 1, 2017 or at such subsequent time as HUD may establish. Section 2. The members hereby authorize Joseph Abate, Director of the HTFC Housing Choice Voucher Program or an officer of HTFC to execute any documents which may be necessary and appropriate to effectuate the transfer and assignment. 11

12 Section 3. This resolution shall take effect immediately. The next item on the agenda was a resolution approving the SEQRA documentation and classification of the environmental impact of Eclipse & Meridian at Locust Manor. Ms. Spitzberg presented the project and her recommendation that the project be classified as an unlisted action with a negative declaration under SEQRA. Section 1. The Members hereby accept the SEQRA documentation for Eclipse & Meridian at Locust Manor and hereby adopt the recommendation that the project be classified as an unlisted action with a negative declaration under SEQRA. Section 2. The Members hereby authorize Heather Spitzberg as SEQRA Officer or any authorized agent or officer to execute any documents in accordance with the applicable provisions of law to effectuate the purpose of this resolution. Section 3. This resolution shall take effect immediately. taken. The remaining items on the agenda were informational items and no board action was The next item on the agenda was a review of internal audit department summary and six-month plan memorandum by the Governor s Office of Storm Recovery. Mr. Scimeme presented an overview of the internal audit department s completed audits, audits in process, and upcoming projects. The next item on the agenda was a review of authorized contracts by the Governor s Office of Storm Recovery. The next item on the agenda was a review of SEQRA concur summaries. The next item on the agenda was a review of SEQRA Type 2 projects. The last item on the agenda was a review of SEQRA determinations by the Governor s Office of Storm Recovery. 12

13 There being no unfinished business, Mr. Valella moved to adjourn the meeting; Chairperson Visnauskas seconded the motion, and the meeting was adjourned at 10:30 a.m. 13