REGULAR MEETING      

A regular meeting of the Housing Finance Authority of Broward County, Florida, will be held on Wednesday, April 14, 2010, at 5:30 p.m., in the 2nd Floor Conference Room, located at 110 N.E. 3rd Street, Fort Lauderdale, Florida.

CALLING OF THE ROLL

1. INTRODUCTION OF NEW HFA BOARD MEMBER – Daniel D. Reynolds
2. PLAQUE PRESENTATION – David Esposito  

CONSENT AGENDA

3. Approval of March 10, 2010 Regular Meeting Minutes
4. Executive Report
5. Financial Reports        

MOTION TO APPROVE the Consent Agenda for April 14, 2010

ACTION ITEM

6.Housing Finance Authority – Bylaws     
           

MOTION TO APPROVE Resolution of the Housing Finance Authority of Broward County, Florida, authorizing and approving amendments to its Bylaws to revise the provisions pertaining to the number of Members, Special meetings, Attendance requirements, and Election of officers; recommending to the Board of County Commissioners that it approve such amendment; providing for severability; and providing for an effective date.

7. Single Family Mortgage Credit Certificate (MCC) Program   

MOTION TO APPROVE Resolution of the Housing Finance Authority of Broward County, Florida (the “HFA”) authorizing and establishing a Mortgage Credit Certificate Program; authorizing the exchange of $50,298,883 of Single Family private activity bond allocation for $12,574,720 of Mortgage Credit Certificate authority; approving the form and authorizing the execution of Program Administration Guidelines; approving the form and authorizing the execution and delivery of Participation Agreements between the HFA and Lending Institutions desiring to participate in the program; authorizing certain officials of the HFA to take all actions necessary in connection with the implementation of the program; providing certain other findings and details with respect thereto; and providing an effective date. 

8. Single Family Bonds, Series 2001 AB&C (Sale of GNMA & or Fannie Certificates)

MOTION TO DIRECT staff to assign Bond Counsel and proceed with the preparation of a Resolution and various documents required for the sale of certain Mortgage Backed Securities (“MBS”) serving as collateral for the HFA’s Single Family Mortgage Revenue Bonds, Series AB&C to the extent the proposed transaction will result in a net benefit to the HFA.   

INFORMATION ITEM

9. HFA Hardest Hit Fund Initiative (Florida Housing Finance Corporation)          
10. Failure to Maintain Required Liquidity; Relating to Bond Issues (Notice of Default) 
11. MATTERS OF HFA MEMBERS
12. MATTERS FROM THE FLOOR  
13. NEXT BOARD MEETING: May 12, 2010
14. ADJOURNMENT