SUBJECT:
Title
Present Housing Finance Authority of Marion County Memorandum of Understanding on Reserves for Unforeseen Circumstances Policies and Procedures
Body
INITIATOR:
DEPARTMENT:
Cheryl Martin, Director
Community Services
DESCRIPTION/BACKGROUND:
On February 20, 2024, the Board waived the Housing Finance Authority of Marion County’s (HFA) requirement to carry commercial property insurance on the 43-rental units owned and managed by HFA. A Memorandum of Understanding (MOU) on Reserves for Unforeseen Circumstances Policies and Procedures was drafted and signed by HFA on June 19, 2024. Per the Board’s direction, this item is being placed on the Agenda as a Notation for Record.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
For informational purposes only.
end