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Orange County Housing Authority Board <br /> October 15, 2014 <br /> Members Present: Diane Beecham, Jean Bolduc, and Tammy Jacobs <br /> Members Absent: None <br /> Staff Present: James Davis <br /> Welcome/Introduction <br /> The meeting was called to order by the Chair Jean Bolduc at 6:15 pm. <br /> Approval of Minutes <br /> Tammy Jacobs made a motion to approve the minutes from September 17, 2014. Diane Beecham <br /> requested additional information to be included in the "Other Business" section to accurately and fully <br /> reflect the gist of the issues as presented by JonZella Bailey-Pridham. Tammy's motion did not pass. <br /> James Davis will amend the minutes as recommended by Commissioner Beecham. <br /> Section 8 Housing Assistance Payments Budget Review <br /> James Davis reviewed the revenues and expenses for the Section 8 Housing Choice Voucher Program as <br /> of August 30, 2014 to cover the first two (2) months of FY2014-15. The fund balance reflected on the <br /> spreadsheet was not updated and continued to reflect the June 30, 2014 balance of $291,587, including <br /> $71,543 of unrestricted funds and $220,044 of restricted funds. James will provide the updated fund <br /> balance at the November meeting. <br /> Board Work Plan Continued <br /> Commissioners discussed the HCV presentation (information session) scheduled for October 17, 2014 in <br /> Hillsborough. It was discussed that a follow-up presentation should be made in the Spring of 2015 <br /> depending on the turnout of the upcoming presentation. <br /> The body discussed amendments to the bylaws. Suggested amendments include specifying referenced <br /> statutes by number, adding that the office of Secretary is ex-officio, and include wording on the <br /> expectation of attendance by the members. <br /> Department Report <br /> Chair Jean Bolduc suggested that the payment standard may need to be increased to 110% of the FMR. <br /> Supporting this suggestion, she opined that increasing the payment standard may expand the housing <br /> stock possibilities. Chair Bolduc recommended that the board draft a resolution stating the increased <br /> payment standard, adding that the standard will increase to 120% for certain circumstances with HUD's <br /> approval. <br /> Other Business <br /> The members discussed the need to send a letter to the BOCC describing the board's events and activities <br /> for the 2014 calendar year. <br /> The members voted unanimously to cancel the scheduled December meeting in observance of the <br /> holidays. <br /> There being no additional business, the meeting was adjourned at 7:49 p.m. on a motion by Chair Jean <br /> Bolduc. <br /> Respectfully submitted: James E. Davis, Jr., Secretary <br />