Chicago Low-Income Housing Trust Fund (CLIHTF) provides updates on strategic plans and recent housing data.
This meeting is both remote and in-person but I’ll be covering it remotely. The meeting link can be found here: https://www.clihtf.org/calendar/eventdetail/378/-/clihtf-board-meeting
I can’t seem to find the agenda for this meeting online but it’s being displayed here on the video call homepage. https://t.co/Umn1AXa6gE
For those of you unfamiliar with this organization, the CLIHTF is a nonprofit that seeks to meet the housing needs of Chicago’s most low-income residents.
The meeting is underway with a quorum. Roll call. Chairman Andrew Geer announces that next month there will not be a board meeting. They’re approving the board minutes from last month’s meeting now.
There’s some discussion about corrections to the meeting meetings. A final edited copy will be published later on.
There will be some final proposals added to the Strategic Plan in the coming weeks, says Geer. There is an announcement now about a memo from the Chicago Dept of Housing with their recommendations for the board of this organization.
Geer notes that March 2024 is the target goal for the transfer of some “special initiatives” as noted on the agenda.
Discussion on some spots open on the Board of Directors and the timeline for those appointments.
Chairman Justin DeJong updating the board now on the outreach committee. Monica Watson is now presenting some data on the updated units under CLIHTF in the last year. https://t.co/3HuDuzwXru
Executive Director Anissa Lambirth Garrett notes that the staff is “aggressively and actively collecting as much data as possible” in relation to this new data tracking system.
Comment from Board Member Colleen Mahoney notes that it would be beneficial to have data collected on landlords and tenants lost as well as those gained.
Discussion now about how the directors can request specific data sets. This is another visualization being presented, which displays 2022 CLIHTF units by geographic area of the city. https://t.co/B42ZHPsuhb
Lambirth Garett is responding to board members noting that there are numerous other datasheets/reports that will be shared in the future, as there were a number of comments about types of data sets they want to see in the future.
Now onto the Finance and Audit Committee. Geer notes that this committee didn’t meet last week so this section is likely to be brief.
We’re walking through a balance sheet of the last year –– one of the major takeaways is that interest rates have gone way up, a trend nationwide.
Lambirth-Garrett is presenting the Changes Report from the previous meeting, which includes some annual subsidy increases. We’re now onto to the changes report for today’s meeting, which includes relocations of subsidies to different locations and the approval of new properties.
Discussion now about open enrollment for 2023, which means reviewing landlords to be a part of CLIHTF. Some discussion amongst the board about disclosing when landlords are claiming to provide units for migrant communities and how that information is being collected/presented.
Jason Sethen is presenting now on two different ARC (Affordable Rents for Chicago) –– which was a precursor to the MAUI initiative: https://www.clihtf.org/programs-and-initiatives/maui
There is no new or old business on the agenda, but Geer notes that himself and two other board members were on Mayor Johnson’s recent Transition Report: https://chicagolowincomehousingtrustfund.my.webex.com/chicagolowincomehousingtrustfund.my-en/url.php?gourl=https%3A%2F%2Fwww.chicago.gov%2Fcontent%2Fdam%2Fcity%2Fdepts%2Fmayor%2FTransitionReport%2FTransitionReport.07.2023.pdf&frompanel=true
No other updates from committee members, and the meeting is adjourned. These are the future meeting dates - that concludes my thread for @CHIdocumenters #CHIdocumenters https://t.co/DwuUbIRkxd
