Housing Finance Corporation Meeting: June 2, 2025

The Tarrant County Housing Finance Corporation held a meeting on June 2, 2025, focusing on several procurement and financial management topics. Key discussions included approving changes to investment methodologies to streamline fund management, authorizing the release and substitution of depository collateral with JP Morgan Chase, and considering a banking product change to allow online access, though the latter was deferred pending further inquiry. The board also approved a security agreement for project participants, amendments related to bond indentures for multifamily tax-exempt mortgage-backed bonds, and authorized submissions of bond applications to the Texas Bond Review Board for new housing projects. Additionally, the board approved participation dues for the Texas Association of Local Housing Finance Agencies and allocated $7,500 for community housing support. Motions on these items passed unanimously, reflecting active management of financial and procurement policies to support housing development and first-time homebuyer programs in Tarrant County.