San Antonio Housing Trust Foundation

AGENDA A Regular Board Meeting for: SAN ANTONIO HOUSING TRUST FOUNDATION will be held at Municipal Plaza B Room 114 W Commerce St., San Antonio, TX 78205 and virtually via ZOOM: https://us02web.zoom.us/j/81602382141?pwd=VW9oS0k3c0YzbWU0VExORmNrUVR3UT09 DIAL-IN NUMBER: 1-346-248-7799 MEETING ID: 816 0238 2141 PASSWORD: 132607 On Friday, July 28, 2023, beginning at 2:30 p.m. or immediately following the adjournment of the San Antonio Housing Trust PFC Board Meeting NOTICE: A quorum of the board of directors will be physically located at 114 W Commerce St., San Antonio, TX 78205 at 2:30 p.m. One or more of the Directors may attend this meeting by video conference pursuant to the requirements set forth in the Texas Open Meetings Act. An electronic copy of the agenda packet may be accessed at the San Antonio Housing Trust website under the CALENDAR/Board Meeting date page prior to the meeting. NOTICE: This meeting of the Board, being held for the reasons listed below, is authorized in accordance with the Texas Government Code, Sections 551.001 - 551.146. Verification of Notice of Meeting and Agenda are on file in the Office of the Executive Director. 1. Call to Order and Roll Call 2. Discussion and possible action to approve minutes of June 16, 2023. 3. Public Comment – Interested speakers will have 3 minutes each to address the Board on agenda items or housing policy related matters. 4. Briefing, discussion and possible action to approve a resolution approving a budget amendment for the San Antonio Housing Trust Foundation for Fiscal Year 2023 to address operating expenses amendments and adjustments. 5. Executive Director’s Report 6. Adjournment. Executive Session. The San Antonio Housing Trust reserves the right to adjourn into Executive Session at any time during the course of this meeting to discuss any of the matters listed on the posted agenda, above, as authorized by the Texas Government Code, Sections 551.071 (consultation with attorney), 551.072 (deliberations about real property), 551.073 (deliberations about gifts and donations), 551.074 (personnel matters), 551.076 (deliberations about security devices), and 551.087 (economic development). ANY ITEM DISCUSSED IN EXECUTIVE SESSION MAY BE ACTED ON IN OPEN SESSION Attendance by Other Elected or Appointed Officials: It is possible that members City boards, commissions and/or committees may attend the open meeting in numbers that may constitute a quorum. Notice is hereby given that the meeting, to the extent required by law, is also noticed as a meeting of any other boards, commissions and/or committees of the City, whose members may be in attendance in numbers constituting a quorum. These members of other City boards, commissions, and/or committees may not deliberate or take action on items listed on the agenda. [Attorney General Opinion – No. GA-0957 (2012)]. This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodation or interpretative services must be made 48 hours prior to this meeting. Please contact Nicole Collazo, for concerns or requests, at (210) 735-2772 or FAX (210) 735-2112.  San Antonio Housing Trust Foundation Agenda Item 2 This item includes the approval of minutes from the June 16, 2023, meeting.  SAN ANTONIO HOUSING TRUST FOUNDATION 2023 OFFICIAL MEETING MINUTES DATE: June 16, 2023 TIME AND PLACE: The San Antonio Housing Trust Foundation met in session at 4:42 p.m., via Zoom and in person at 114 W Commerce St, San Antonio, TX 78205. PRESENT: Councilwoman Adriana Rocha Garcia, Antoinette Brumfield, Mark Carmona, Eric Cooper, Councilwoman Teri Castillo, Councilwoman Phyllis Viagran, Jordan Ghawi, Rachell Hathaway, Councilman John Courage, Councilman Jalen McKee-Rodriguez, and Marinella Murillo. ABSENT: Jane Paccione STAFF/VISITORS PRESENT: Pedro Alanis- Executive Director San Antonio Housing Trust Foundation.; Nicole Collazo- Director of Operations San Antonio Housing Trust Foundation; Susan Snowden- Finance Director San Antonio Housing Trust; Tom Roth- Director of Development San Antonio Housing Trust Foundation; Jessica Kuehne- Director of Asset Management San Antonio Housing Trust Foundation.; John Hernandez- Senior Asset Manager San Antonio Housing Trust Foundation; Lauren Bejaran- Senior Administrative Assistant San Antonio Housing Trust Foundation; Ruben Lizalde- D3; Edward Muniga- D4; Justin Renteria- D5; Milee Ray- D9; Isaac Bernal- City of San Antonio Special Project Manager; Allison Beaver- NHSD; James Plummer- Attorney Bracewell; Summer Greathouse- Attorney Bracewell; Clarissa Rodriguez- Attorney DNRBZ; Mirla Lopez- SEFLA Languages Interpreter; Mia Loseff- Texas Housers; Nicole Freeman-NHSD. 1. CALL TO ORDER AND ROLL CALL: The meeting was called to order by President Rocha Garcia and the roll was called by Lauren Bejaran. 2. DISCUSSION AND POSSIBLE ACTION TO APPROVE MINUTES OF MAY 19, 2023. MINUTES COMMISSION ACTION: Jordan Ghawi motioned, and Councilman McKee-Rodriguez seconded to approve the May 19, 2023, minutes, with the noted corrections. AYES: 10 NAYS: ABSTAINED: THE MOTION PASSED. 3. PUBLIC COMMENT – INTERESTED SPEAKERS WILL HAVE 3 MINUTES EACH TO ADDRESS THE BOARD ON AGENDA ITEMS OR HOUSING POLICY RELATED MATTERS. NONE. NO ACTION TAKEN. 4. BRIEFING, DISCUSSION AND POSSIBLE ACTION TO APPROVE A RESOLUTION TO AWARD $295,000 FROM THE SAN ANTONIO HOUSING TRUST FOUNDATION, INC. TO THE MEXICAN AMERICAN UNITY COUNCIL IN SUPPORT OF THE DEVELOPMENT OF COMMUNITY LAND TRUST TECHNICAL ASSISTANCE GRANT; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS AND ADDRESSING RELATED MATTERS. Pete Alanis briefed the board on the proposed resolution to provide the Mexican American Unity Council $295,000 in support of the development of community land trust technical assistance grant. MINUTES COMMISSION ACTION: Councilwoman Castillo motioned, and Councilman McKee-Rodriguez seconded to approve a resolution to award $295,000 from the San Antonio Housing Trust Foundation, INC. to the Mexican American Unity Council in support of the development of community land trust technical assistance grant. AYES: 10 NAYS: ABSTAINED: THE MOTION PASSED. Councilman McKee-Rodriguez leaves the SAHT Foundation meeting at 4:49 p.m. 5. BRIEFING, DISCUSSION, AND POSSIBLE ACTION TO APPROVE A RESOLUTION OF THE SAN ANTONIO HOUSING TRUST FOUNDATION, INC. ADOPTING AN INVESTMENT POLICY. Pete Alanis briefed the board on the proposed resolution of adopting the San Antonio Housing Trust Foundation, INC. Investment Policy. MINUTES COMMISSION ACTION: Eric Cooper motioned, and Jordan Ghawi seconded to approve a resolution of the San Antonio Housing Trust Foundation, INC adopting an Investment Policy. AYES: 10 NAYS: ABSTAINED: THE MOTION PASSED. 6. BRIEFING, DISCUSSION, AND POSSIBLE ACTION TO APPROVE A RESOLUTION AUTHORIZING SCHOLARSHIPS FOR THE TEXAS AFFLIATION OF AFFORDABLE HOUSING PROVIDERS CONFERENCE TO FOUNDATION CITY COUNCIL BOARD MEMBERS STAFF TO ATTEND SUCH CONFERENCE; CREATING AN EFFECTIVE DATE; AND DIRECTING THE EXECUTIVE DIRECTOR OR HIS DESIGNEE TO DISBURSE SUCH SCHOLARSHIPS AS NEEDED. Pete Alanis briefed the board on the proposed resolution approving Item #6 authorizing scholarships for the Texas Affiliation of Affordable Housing Providers Conference to Foundation City Council Board Members Staff to attend such conference. MINUTES COMMISSION ACTION: Councilman Courage motioned, and Councilwoman Castillo seconded to approve Item #6. AYES: 10  NAYS: ABSTAINED: THE MOTION PASSED. 7. ADJOURNMENT President Rocha Garcia adjourned the meeting. There being no further business, the meeting was adjourned at 4:51 p.m.  San Antonio Housing Trust Foundation Agenda Item 3 Public Comment Interested speakers will have 3 minutes each to address the Board on agenda items or housing policy related matters; a total of 15 minutes will be provided. Instructions to sign up for Public Comment via Zoom video conference. To sign up for Public Comment please call 210-735-2772 24 hours prior to this meeting to place your name on the list.  San Antonio Housing Trust Foundation Agenda Item 4 Briefing, discussion and possible action to approve a resolution to approve budget amendments for the San Antonio Housing Trust Foundation for Fiscal Year 2023 for various expenditures. Background The Board adopted the Annual Opera�ng Budget on September 16, 2022, for the FY 2023 beginning October 1 and ending September 30th. Staff has reviewed the current year revenues and expenses through the first nine months ending June 30, 2022. Overall, we are in great shape rounding the corner into the last leg of the fiscal year, however, we recommend a 9+3 Budget Amendment to more accurately reflect those adjustments needed to projected revenues and expenses. FY 2023 FY 2023 Proposed Founda�on Adopted Amended Amendment Budget Budget Revenues $1,429,764 $147,776 $1,577,540 Less Opera�ng Expenses 1,662,375 (97,208) 1,565,167 Increase (Decrease) in Net Posi�on (232,611) $244,984 $ 12,373 In the Founda�on, revenues from the PFC and Finance Corpora�on are projected to increase from $1.43M to $1.57M by the end of the fiscal year. This is primarily due to an increase in PFC administra�ve income (25%). Opera�ng expenses are projected to decrease from $1.66M to $1.56M by the end of the fiscal year. This is driven by reduc�on in payroll expenses of $129k, a reduc�on in so�ware licenses of $116k which were pushed to FY 2024, a reduc�on in professional services by $91k due to more accurate cost alloca�ons, a reduc�on in rental expense of $43k due to our office reloca�on occurring in October 2023. We had an increase in program grants and sponsorships by 240k for CLT and the SEED program, increase in office supplies, insurance costs, travel budget, and food expense by $42k. The net result is an overall reduc�on in the expense budget of $97k. Recommenda�on: The Finance and Audit Commitee recommends approving resolu�on authorizing a budget amendment to reflect the proposed changes. Attachment: Resolution Proposed Amended Budget  SAN ANTONIO HOUSING TRUST FOUNDATION, INC. FY 2023 Budget Amendment #2023‐002 FY 2023 Amendment FY 2023 Adopted Budget #2023‐002 Amended Budget OPERATING REVENUES Administrative Fee Income SAHT Finance Corporation $ 34,180 $ (3,270) $ 30,910 SAHT Public Facility Corporation 1,385,584 151,046 1,536,630 Total Administrative Fee Income 1,419,764 147,776 1,567,540 Interest Income ‐ Loans 10,000 ‐ 10,000 TOTAL OPERATING REVENUES $ 1,429,764 $ 147,776 $ 1,577,540 OPERATING EXPENSES Advertising and Marketing $ 5,000 $ ‐ $ 5,000 Bank Fees & Service Charges 500 ‐ 500 Insurance Expense Insurance ‐ Business Owner's 3,940 500 4,440 Insurance ‐ Crime 1,357 ‐ 1,357 Insurance ‐ Directors & Officers 9,727 ‐ 9,727 Insurance ‐ Workers Comp 901 ‐ 901 Total Insurance Expense 15,925 500 16,425 Maintenance & Repairs General Maintenance & Repairs 5,000 ‐ 5,000 Grounds Maintenance & Mowing 5,638 ‐ 5,638 Moving Expenses 7,500 ‐ 7,500 Office Cleaning 1,925 ‐ 1,925 Pest Control 477 ‐ 477 Total Maintenance & Repairs 20,540 ‐ 20,540 Meals & Events 4,500 1,000 5,500 Office Expenses Equipment Purchases 7,000 ‐ 7,000 Furniture Purchases 20,000 20,000 40,000 Office Supplies 8,000 ‐ 8,000 Printing & Photocopying 1,000 ‐ 1,000 Security & Monitoring 656 ‐ 656 Shipping & Postage 750 ‐ 750 Shredding Services 100 ‐ 100 Total Office Expenses 37,506 20,000 57,506  SAN ANTONIO HOUSING TRUST FOUNDATION, INC. FY 2023 Budget Amendment #2023‐002 FY 2023 Amendment FY 2023 Adopted Budget #2023‐002 Amended Budget OPERATING EXPENSES (Continued) Payroll Expenses Allowance ‐ Auto 24,000 (1,000) 23,000 Allowance ‐ Telephone 2,400 ‐ 2,400 Insurance ‐ Health 75,601 (5,601) 70,000 Insurance ‐ Life 15,000 ‐ 15,000 Payroll Tax Expense 59,019 (9,019) 50,000 Retirement Plan Expense 83,969 (13,969) 70,000 Salaries & Wages 709,739 (99,739) 610,000 Total Payroll Expense 969,728 (129,328) 840,400 Program Expenses Community Land Trusts ‐ 200,000 200,000 SEED Academy ‐ 40,000 40,000 Total Program Expenses ‐ 240,000 240,000 Professional Services Accounting & CFO Services 130,800 (78,480) 52,320 Audit Services 40,000 (12,000) 28,000 Legal Services 72,000 ‐ 72,000 Marketing & Public Relations Services 44,000 ‐ 44,000 Strategic Planning Services 7,500 7,000 14,500 Web Hosting 3,575 ‐ 3,575 Other Professional Services 50,000 (7,000) 43,000 Total Professional Services 347,875 (90,480) 257,395 Rent Expense Equipment Rent 5,084 ‐ 5,084 Facilities Rent 83,550 (42,550) 41,000 Total Rent Expense 88,634 (42,550) 46,084 Subscriptions Subscriptions ‐ Memberships & Fees 4,717 ‐ 4,717 Subscriptions ‐ Software Licenses 134,350 (116,350) 18,000 Total Subscriptions 139,067 (116,350) 22,717 Telephone & Internet 3,500 ‐ 3,500 Travel & Training 25,000 20,000 45,000 Utilities 4,600 ‐ 4,600 TOTAL OPERATING EXPENSES $ 1,662,375 $ (97,208) $ 1,565,167 OPERATING INCOME (LOSS) $ (232,611) $ 244,984 $ 12,373  SAN ANTONIO HOUSING TRUST FOUNDATION, INC. FY 2023 Budget Amendment #2023‐002 FY 2023 Amendment FY 2023 Adopted Budget #2023‐002 Amended Budget NONOPERATING REVENUES (EXPENSES) Intergovernmental Revenues Asset Management Services 248,000 (53,000) 195,000 Compliance Monitoring Services 155,000 12,200 167,200 TOTAL INTERGOVERNMENTAL REVENUES 403,000 (40,800) 362,200 Intergovernmental Expenses Asset Management Services (248,000) 53,000 (195,000) Compliance Monitoring Services (155,000) (12,200) (167,200) TOTAL INTERGOVERNMENTAL EXPENSES (403,000) 40,800 (362,200) INCREASE (DECREASE) IN NET POSITION $ (232,611) $ 244,984 $ 12,373 REQUIRED OPERATING RESERVE FY 2023 Expenditures $ 1,662,375 $ (97,208) $ 1,565,167 Less: Grant Expenses ‐ ‐ ‐ Less: Disbursements to SAHT ‐ ‐ ‐ Less: Allowance for Uncollectible Accounts ‐ ‐ ‐ Adjusted FY 2023 Expenditures $ 1,662,375 $ (97,208) $ 1,565,167 Operating Expenditure Budget $ 1,662,375 $ (97,208) $ 1,565,167 REQUIRED ‐ 50% of Adopted Expenditure Budget $ 831,188 $ (48,604) $ 782,584  SAN ANTONIO HOUSING TRUST FOUNDATION, INC. RESOLUTION F23-0728-04 A RESOLUTION APPROVING A BUDGET AMENDMENT FOR THE SAN ANTONIO HOUSING TRUST FOUNDATION, INC. FOR FISCAL YEAR 2023 TO ADDRESS OPERATING EXPENSES AMENDMENTS AND ADJUSTMENTS WHEREAS, the San Antonio Housing Trust Foundation (“Housing Trust”) is pursuing additional opportunities for growing its affordable, sustainable multifamily developments in line with its Strategic Plan and the SHIP; and WHEREAS, the Housing Trust has operating expenses for accounting and audit services; and WHEREAS, after reviewing the needs of the Housing Trust operations, the Executive Director recommends a budget amendment to meet the needs of the organization for revenue, expenses, and for accounting and audit services; and WHEREAS, the Finance and Audit Committee recommends approval of the recommended budget adjustment for the Housing Trust Foundation consideration and approval as noted in Exhibit A; and WHEREAS, the Housing Trust Foundation Board of Directors finds this budget adjustment in the public interest based on the realignment of the Housing Trust Foundation for addressing operating expenses and for meeting its strategic goals and for such stated purpose as warranted and necessary. NOW THEREFORE, BE IT RESOLVED BY THE SAN ANTONIO HOUSING TRUST FOUNDATION, INC. THAT: Section 1. The above Recitals are true and correct and are a material part of this Resolution and are incorporated herein for all purposes. Section 2. The Board of Directors for the San Antonio Housing Trust Foundation, Inc. does hereby approve the budget amendment as recommended by the Executive Director for the Fiscal Year beginning October 1, 2022, and ending September 30, 2023, as indicated in Exhibit A to reflect a change in operating expenses. Section 3. If any section, subsection, clause, phrase or provision of this Article, or any application thereof to any person or circumstance, shall to any extent be held by a court of competent jurisdiction to be invalid, void, or unconstitutional, the remaining sections, subsections, clauses, phrases and provisions of this Article, or any application thereof to any person or circumstance, shall remain in full force and effect and shall in no way be affected, impaired, or invalidated. Section 4. This Resolution shall be cumulative of all provisions of the Housing Trust Foundation, except where the provisions of this Resolution are in direct conflict with the provisions of such Resolution, in which event the conflicting provisions of such Resolution are hereby repealed. Section 5. That it is officially found, determined and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by Chapter 551, as amended, Texas Government Code. Section 6. This Resolution shall take effect immediately from and after its passage and the publication of the caption hereof, as provided by law. PASSED and APPROVED this the ___day of July 2023. SIGNED: Councilwoman Adriana Garcia Rocha President ATTEST: Jordan Ghawi, Secretary  San Antonio Housing Trust Foundation Agenda Item 5 EXECUTIVE DIRECTOR’S REPORT 3rd Quarter FY 2023 Quarter 3 Progress Report (thru June 30, 2023) Objective Q3 Priority Result Clarify the Role of the Trust in the Local Housing System Website as tool for education • Dashboard created and maps updated Engage in New Initiatives • Received commitment from City on Foster Care Forum Invest in the Trust’s Capacity to Grow Asset Management/Compliance • Completed quarterly site visits on all properties. • Revising SOP’s for CMTS, tax returns, audits (property level). • Prepared monthly performance snapshot. • Engaged PM’s on lower performing properties. • Ready To Work SA partnership approved by Board. • TEAM program approved by Board. • Initiated annual monitoring for 2023. • Identified new document management system vendor. • Commenced drafting of written property standards. Organizational Development Plan • Finalized staff re-organization and org chart. • Training Plan templates created. • Development Coordinator position advertised. Financial Plan • Closed Monthly Financials through June 30th. • FY 2022 Audit is ongoing. • Investment Policy approved by Board. • Negotiated Land Acquisition Facility with Institutional Lender. Facilitate the Preservation of Affordable Rental Housing Rehab Partnerships • 5 Pico Union Rehabs withdrew and reapplied for bonds to get additional time to close (est. FY 2024) Contribute to Construction of New Affordable Rental Housing Universal Design Standards • Technical Working Group finalized design elements. • Draft Document being developed for public comment (4th Qtr) Land Acquisition • Board approved budget on 2 acquisition sites. Development • Board induced Caroline at Salado Creek & Caroline at Sonterra • Board approved closing Leon Creek & Palladium Crestway • Cattlemen Square unable to close by 180-day deadline. • Legacy Sr. reapplied for bonds to get additional time to close. • Creekbend project withdrew and did not re-apply. • Demolition commenced at Friedrich Lofts • Enviro complete at Lofts at Creekview & const. commenced. • Echo East and Canyon Pass were placed-in-service. • Closed Freddie Mac Perm Financing – St. Johns Support Neighborhood Preservation Efforts Community Land Trust TA Grant • Awarded $295,000 to Mexican American Unity Council Displacement Impact Tool • Training moved to Q4 to accommodate City availability Engage in Advocacy at Local, State, and Federal Level Federal and State Agenda • Briefed Board on changes to PFC Legislation Q2 Vitals Dashboard (thru June 30, 2023) FY 2023 FY 2023 FY 2023 FY 2023 Vital Definition 5 YR Goal Annual Target Q1 Q2 Q3 Total # of MF Total # of existing units closed from Oct. 3,711 742 0 0 0 units of existing 2022 thru Sept., 2027 housing preserved 1 # of units preserved (below 30% AMI) 313 33 0 0 0 # of units preserved (31 and 80% AMI) 3,398 176 0 0 0 Total #of MF new Total # of new units closed from Oct. 5,925 103 563 0 456 units added2 2022 thru Sept., 2027 # of units added (below 30% AMI) 600 0 74 0 0 # of units added (31% and 60%AMI) 5,325 0 184 0 456 Total # of MF Running total of rental units added for all Rolling # 8,649 7,361 7,809 8,265 units placed in developments service Total # of MF Running total of rental units added for all Rolling # 2,961 3,886 3,438 2,982 units under developments construction # of PSH units PSH units produced for persons 300 0 0 0 0 produced experiencing chronic or at risk of homelessness Total # of land Land parcels (acres) acquired for future Rolling # 0 0 0 0 parcels placed in housing projects Land Bank Amount of $ for CLTs established and funded to prevent Rolling # $500k $0 $0 $295,000 Community Land displacement and support Trust(s)3 neighborhoods Amount of $ Funding to non-profits to support the Rolling # $1M $0 $0 $0 awarded to Non- preservation & production targets in the Profits 4 SHIP and provide PSH-related services. Amount of tax- Rolling # $68M $0 $0 $0 exempt bonds issued 5 1. Rehabilitation Pipeline is 770 Units (Westwood, Spanish Spur/Pecan Manor, Winston Sq/Roselawn) est. closing in FY 2024 2. Villas at Echo East and Canyon Pass were new construction projects placed in service producing 456 units in Q3. 3. Mexican American Unity Council awarded $295,000 for CLT Activities 4. Alamo Community Group did not close on Cattlemen Square - $1.23M not awarded. 5. SAHT PFC anticipates issuing $86M in tax exempt Bonds in support of 2 potential LIHTC projects in Q4. Quarter 3 Staff Engagements April 7, 2023: Sustainability and Universal Design Committee Meeting April 13, 2023: SALSA Housing Workgroup Meeting April 14, 2023: San Antonio Non-Profit Huddle Strategic Housing Implementation Plan (SHIP) Monthly Meeting Ribbon Cutting – Caroline at Longhorn Quarry April 17, 2023: Neighborhood Meeting: Friedrich Lofts April 18, 2023 Removing Barriers Subcommittee (Housing Commission) April 19, 2023 Introductory Meeting with UTSA on Foster Care Housing Needs April 20, 2023 Sustainability and Universal Design Technical Workshop LISC Networking Event April 21, 2023 Dashboard and Annual Report Subcommittee (Housing Commission) Introductory Meeting with Ready to Work San Antonio April 26, 2023 Housing Commission Stated Meeting April 27, 2023 SHIP Presentation at Planning and Community Development Council Committee May 2, 2023 Meeting with Jackie Gorman regarding SEED Academy Sponsorship May 2-4, 2023 Executive Director attends NH&RA Spring Developers Forum (Denver Colorado) May 4, 2023 Director of Operations attends Build Green SA event May 5, 2023 ULI/LISC Partnership Event – Housing & Transit May 9, 2023 Community Land Trust Interviews Childsafe: Youth Support Forum Event May 10, 2023 Housing Commission Special Meeting Removing Barriers Subcommittee Work Plan Meeting (Housing Commission) May 11, 2023 SALSA Housing Workgroup Meeting Sustainability and Universal Design Technical Workshop May 15, 2023 Panel Preparation for Invest San Antonio Conference May 16, 2023 Removing Barriers Subcommittee (Housing Commission) May 17, 2023 Director of Development attends Invest San Antonio Conference Director of Operations attends SARA 2023 State of Homelessness May 18, 2023 Meet to finalize MOU details on SA Ready to Work May 22, 2023 Foster Care & Housing Solutions Meeting with Katie Vela (SARAH) May 23, 2023 Foster Care & Housing Solutions Meeting with Nikisha Baker (SAMM) Housing Commission Stated Meeting May 30, 2023 Staff attendance at Nonprofit Housing Partners Bimonthly Meeting (COSA) June 1, 2023 Preston Hollow Community Capital (CDFI) Advisory Board Meeting June 5, 2023 Executive Director presentation LISC SA: Engaging the Board in Strategic Planning June 8, 2023 SALSA Housing Workgroup Meeting June 15, 2023 Affordable Housing Discussion with Cathy Bennett, Kansas City Chamber of Commerce June 21, 2023 San Antonio City Council Inauguration June 23, 2023 ULI’s Terwilliger Center for Housing Presentation: SA Attainability Index: An Impending Crisis: National Housing (Un)Affordability SALSA Housing Quarterly Meeting Staff Tour of Art Housing (215 E. Cevallos) June 28, 2023 Housing Commission Stated Meeting Quarter 3 Treasurer’s Report (thru June 30, 2023) Foundation As of June 30, 2023, the SA Housing Trust Foundation has earned $1.46M in revenues from PFC and FC sources, approximately 91% of the annual amended budget of $1.57M. The SA Housing Trust Foundation has expended $740k in operations or 47.3% of the $1.56M adopted expenditure budget. Public Facility Corporation As of June 30, 2023, the SA Housing Trust PFC earned $6.46M in revenues, approximately 63% of expected annual amended budget of $10.08M in projected revenues. The PFC has expended $2.60M, approximately 80% of the annual amended budget of $3.23M. Finance Corporation As of June 30, 2023, the SA Housing Trust Finance Corporation earned $118.1k in revenues, approximately 43.5% of the annual amended budget of $199.6k in projected revenues. The FC has expended $49.8k, approximately 66.8% of the annual amended budget of $74.5k. Attached are the current unaudited financial statements and budgets for the Foundation, PFC, and FC ending 9-30-23.  SAN ANTONIO HOUSING TRUST FOUNDATION (A Component Unit of the City of San Antonio, Texas) Statement of Net Position June 30, 2023 ASSETS Current Assets Cash and Cash Equivalents $ 4,422,588.35 Accounts Receivable 600,648.67 Due from Related Entities Due from SAHT Finance Corporation 33,568.72 Due from SAHT Public Facility Corporation 1,118,421.06 Total Due from Related Entities 1,151,989.78 Prepaid Expense 14,421.33 Prepaid Insurance 3,701.59 Total Current Assets 6,193,349.72 Noncurrent Assets Capital Assets Land and Land Improvements 60,327.95 Building and Building Improvements 147,247.00 Equipment 55,418.17 Furniture and Fixtures 20,976.09 Accumulated Depreciation (94,323.99) Total Capital Assets 189,645.22 Other Assets Notes Receivable ‐ Commercial 2,115,685.53 Notes Receivable ‐ Residential 180,283.58 Allowance for Uncollectible Accounts (148,652.46) Security Deposits 11,520.60 Total Other Assets 2,158,837.25 Total Noncurrent Assets 2,348,482.47 TOTAL ASSETS $ 8,541,832.19 LIABILITIES Current Liabilities Accounts Payable (3,341.03) Wages and Taxes Payable 7,957.56 Due to SAHT Finance Corporation 329,487.81 Total Current Liabilities 334,104.34 Noncurrent Liabilities Funds Held by Others Agency Funds ‐ SAHTFC 7,850.00 Agency Funds ‐ SAHTPFC ‐ Float 110,804.56 Agency Funds ‐ SAHTPFC 380,861.30 Agency Funds ‐ CoSA 612,535.00 Total Funds Held by Others 1,112,050.86  SAN ANTONIO HOUSING TRUST FOUNDATION (A Component Unit of the City of San Antonio, Texas) Statement of Net Position June 30, 2023 LIABILITIES (Continued) Noncurrent Liabilities (Continued) Funds Held in Escrow Agency Funds ‐ Residential Loans 976.56 Total Funds Held in Escrow 976.56 Total Noncurrent Liabilities 1,113,027.42 TOTAL LIABILITIES 1,447,131.76 NET POSITION Invested in Capital Assets, Net of Related Debt 189,645.22 Restricted 612,535.00 Unrestricted 6,292,520.21 TOTAL NET POSITION $ 7,094,700.43  SAN ANTONIO HOUSING TRUST FOUNDATION (A Component Unit of the City of San Antonio, Texas) Statement of Revenues, Expenses and Changes in Net Position For the Period October 1, 2022 through June 30, 2023 OPERATING REVENUES Grant Income Post‐Purchase Counseling $ 2,109.00 Total Grant Income 2,109.00 Fee Income SAHT Finance Corporation 31,630.85 SAHT Public Facility Corporation 1,398,751.97 Total Fee Income 1,430,382.82 Interest Income ‐ Loans 30,769.59 TOTAL OPERATING REVENUES 1,463,261.41 OPERATING EXPENSES Advertising and Marketing 3,287.78 Bank Fees & Service Charges 477.11 Insurance Expense Insurance ‐ Business Owner's 3,474.00 Insurance ‐ Crime 1,009.50 Insurance ‐ Directors & Officers 7,176.75 Insurance ‐ Workers Comp 549.00 Total Insurance Expense 12,209.25 Loan Expense 270.00 Maintenance & Repairs General Maintenance & Repairs 619.77 Grounds Maintenance & Mowing 2,250.00 Office Cleaning 3,850.00 Total Maintenance & Repairs 6,719.77 Meals & Events 3,308.68 Office Expenses Equipment Purchases 3,611.33 Mileage, Parking & Tolls 408.82 Office Supplies 2,627.09 Security & Monitoring 777.85 Shipping & Postage 544.95 Total Office Expenses 7,970.04  SAN ANTONIO HOUSING TRUST FOUNDATION (A Component Unit of the City of San Antonio, Texas) Statement of Revenues, Expenses and Changes in Net Position For the Period October 1, 2022 through June 30, 2023 OPERATING EXPENSES (Continued) Payroll Expenses Allowance ‐ Auto 16,403.89 Allowance ‐ Telephone 1,640.56 Insurance ‐ Dental 3,653.70 Insurance ‐ Health 45,312.05 Insurance ‐ Life 330.72 Payroll Tax Expense 36,096.73 Retirement Plan Expense 35,012.03 Salaries & Wages 406,348.33 Total Payroll Expense 544,798.01 Professional Services Accounting & CFO Services 39,240.00 Audit Services 4,625.00 Legal Services 26,790.17 Marketing & Public Relations Services 21,290.84 Strategic Planning Services 7,500.00 Web Hosting 2,000.00 Other Professional Services 14,926.03 Total Professional Services 116,372.04 Rent Expense Equipment Rent 3,442.90 Facilities Rent 632.00 Total Rent Expense 4,074.90 Subscriptions Subscriptions ‐ Memberships & Fees 2,096.57 Subscriptions ‐ Software Licenses 8,879.31 Total Subscriptions 10,975.88 Telephone & Internet 2,962.02 Travel & Training 23,648.93 Utilities 3,113.81 TOTAL OPERATING EXPENSES $ 740,188.22 OPERATING INCOME (LOSS) 723,073.19 NONOPERATING REVENUES (EXPENSES) Intergovernmental Revenues Asset Management Services $ 96,128.00 Compliance Monitoring Services 10,640.00 Security Services 67,770.00 TOTAL INTERGOVERNMENTAL REVENUES 174,538.00  SAN ANTONIO HOUSING TRUST FOUNDATION (A Component Unit of the City of San Antonio, Texas) Statement of Revenues, Expenses and Changes in Net Position For the Period October 1, 2022 through June 30, 2023 NONOPERATING REVENUES (EXPENSES) (Continued) Intergovernmental Expenses Asset Management Services (96,128.00) Compliance Monitoring Services (10,640.00) Security Services (67,770.00) TOTAL INTERGOVERNMENTAL EXPENSES (174,538.00) Interest Income ‐ Banks 96,534.33 Net Gain on Sale 3,313.47 TOTAL NONOPERATING REVENUES (EXPENSES) $ 99,847.80 INCREASE (DECREASE) IN NET POSITION $ 822,920.99  FOUNDATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* OPERATING REVENUES Grant Income Post‐Purchase Counseling $ 2,109.00 $ ‐ Total Grant Income 2,109.00 ‐ #DIV/0! Fee Income SAHT Finance Corporation 31,630.85 $ 30,910.00 SAHT Public Facility Corporation 1,398,751.97 1,536,630.00 Total Fee Income 1,430,382.82 1,567,540.00 91.25% Interest Income ‐ Loans 30,769.59 10,000.00 307.70% TOTAL OPERATING REVENUES 1,463,261.41 1,577,540.00 OPERATING EXPENSES Advertising and Marketing 3,287.78 5,000.00 65.76% Bank Fees & Service Charges 477.11 500.00 95.42% Insurance Expense Insurance ‐ Business Owner's 3,474.00 4,440.00 Insurance ‐ Crime 1,009.50 1,357.00 Insurance ‐ Directors & Officers 7,176.75 9,727.00 Insurance ‐ Workers Comp 549.00 901.00 Total Insurance Expense 12,209.25 16,425.00 74.33% Loan Expense 270.00 ‐ #DIV/0! Maintenance & Repairs General Maintenance & Repairs 619.77 5,000.00 Grounds Maintenance & Mowing 2,250.00 5,638.00 Moving Expenses ‐ 7,500.00 Office Cleaning 3,850.00 1,925.00 Pest Control ‐ 477.00 Total Maintenance & Repairs 6,719.77 20,540.00 32.72% Meals & Events 3,308.68 5,500.00 60.16% Office Expenses Equipment Purchases 3,611.33 7,000.00 Furniture Purchases ‐ 40,000.00 Mileage, Parking & Tolls 408.82 ‐ Office Supplies 2,627.09 8,000.00 Printing & Photocopying ‐ 1,000.00 Security & Monitoring 777.85 656.00 Shipping & Postage 544.95 750.00 Shredding Services ‐ 100.00 Total Office Expenses 7,970.04 57,506.00 13.86%  FOUNDATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* OPERATING EXPENSES (Continued) Payroll Expenses Allowance ‐ Auto 16,403.89 23,000.00 Allowance ‐ Telephone 1,640.56 2,400.00 Insurance ‐ Dental 3,653.70 ‐ Insurance ‐ Health 45,312.05 70,000.00 Insurance ‐ Life 330.72 15,000.00 Payroll Tax Expense 36,096.73 50,000.00 Retirement Plan Expense 35,012.03 70,000.00 Salaries & Wages 406,348.33 610,000.00 Total Payroll Expense 544,798.01 840,400.00 64.83% Program Expenses Community Land Trusts ‐ 200,000.00 SEED Academy ‐ 40,000.00 Total Program Expenses ‐ 240,000.00 0.00% Professional Services Accounting & CFO Services 39,240.00 52,320.00 Audit Services 4,625.00 28,000.00 Legal Services 26,790.17 72,000.00 Marketing & Public Relations Services 21,290.84 44,000.00 Strategic Planning Services 7,500.00 14,500.00 Web Hosting 2,000.00 3,575.00 Other Professional Services 14,926.03 43,000.00 Total Professional Services 116,372.04 257,395.00 45.21% Rent Expense Equipment Rent 3,442.90 5,084.00 Facilities Rent 632.00 41,000.00 Total Rent Expense 4,074.90 46,084.00 8.84% Subscriptions Subscriptions ‐ Memberships & Fees 2,096.57 4,717.00 Subscriptions ‐ Software Licenses 8,879.31 18,000.00 Total Subscriptions 10,975.88 22,717.00 48.32% Telephone & Internet 2,962.02 3,500.00 84.63% Travel & Training 23,648.93 45,000.00 52.55% Utilities 3,113.81 4,600.00 67.69% TOTAL OPERATING EXPENSES 740,188.22 1,565,167.00 47.29% OPERATING INCOME (LOSS) 723,073.19 12,373.00  FOUNDATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* NONOPERATING REVENUES (EXPENSES) Intergovernmental Revenues Asset Management Services $ 96,128.00 $ 195,000.00 Compliance Monitoring Services 10,640.00 167,200.00 Security Services 67,770.00 ‐ TOTAL INTERGOVERNMENTAL REVENUES 174,538.00 362,200.00 NONOPERATING REVENUES (EXPENSES) (Continued) Intergovernmental Expenses Asset Management Services (96,128.00) (195,000.00) Compliance Monitoring Services (10,640.00) (167,200.00) Security Services (67,770.00) ‐ TOTAL INTERGOVERNMENTAL EXPENSES (174,538.00) (362,200.00) Interest Income ‐ Banks 96,534.33 ‐ Depreciation Expense ‐ ‐ Net Gain on Sale 3,313.47 ‐ Interest Expense ‐ ‐ Funding ‐ Operating Reserves ‐ ‐ TOTAL NONOPERATING REVENUES (EXPENSES) 99,847.80 ‐ INCREASE (DECREASE) IN NET POSITION $ 822,920.99 $ 12,373.00 REQUIRED OPERATING RESERVE FY 2023 Expenditures $ 1,565,167 Add: Funding ‐ Operating Reserves ‐ Adjusted FY 2023 Expenditures $ 1,565,167 Adopted Operating Expenditure Budget $ 1,565,167 REQUIRED ‐ 50% of Adopted Expenditure Budget $ 782,584 *Reflects budget amendment #2023‐001 and 2023‐002.  SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION (A Component Unit of the City of San Antonio, Texas) Statement of Net Position June 30, 2023 ASSETS Current Assets Cash and Cash Equivalents $ 12,785,983.18 Accounts Receivable 8,333.32 Due from SAHT Foundation 329,487.81 Total Current Assets 13,123,804.31 Noncurrent Assets Land 86,602,510.39 Notes Receivable 500,000.00 Funds Held by Others Agency Funds ‐ SAHTF ‐ Float 380,861.30 Agency Funds ‐ SAHTF 110,804.56 Total Funds Held by Others 491,665.86 Total Noncurrent Assets 87,594,176.25 TOTAL ASSETS 100,717,980.56 LIABILITIES Current Liabilities Accounts Payable 788,005.39 Due to Related Entities Due to SAHT Foundation 1,118,421.06 Due to SAHT Finance Corporation 9,720.00 Total Due from Related Entities 1,128,141.06 Prepaid Deposits 118,329.04 Prepaid Rent ‐ Short‐Term Portion 1,068,130.74 Total Current Liabilities 3,102,606.23 Long‐Term Liabilities Prepaid Rent ‐ Long‐Term Portion 78,493,445.98 Total Long‐Term Liabilities 78,493,445.98 TOTAL LIABILITIES 81,596,052.21 NET POSITION Invested in Capital Assets, Net of Related Debt 7,040,933.00 Unrestricted 12,080,995.35 TOTAL NET POSITION $ 19,121,928.35  SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION (A Component Unit of the City of San Antonio, Texas) Statement of Revenues, Expenses and Changes in Net Position For the Period October 1, 2022 through June 30, 2023 OPERATING REVENUES Grant Income Bexar County ‐ Viento Land Purchase $ 2,500,000.00 Total Grant Income 2,500,000.00 Fee Income Administrative Fees 56,250.00 Application Fees 15,100.00 Asset Management Fees 83,333.24 Cash Flow Fees 109,483.83 Deferred Developer Fees 1,024,730.49 Developer Fees 1,519,257.88 Incentive Management Fees 9,764.73 Origination Fees 250,000.00 Partnership Management Fees 250,219.02 Supervisory Management Fees 16,877.75 Total Fee Income 3,335,016.94 Distribution Income from Cash Flow 332,597.39 Rent Income ‐ Ground Leases ‐ TOTAL OPERATING REVENUES 6,167,614.33 OPERATING EXPENSES Administrative Fee 1,398,751.97 Disbursements to City of San Antonio Contribution to SAHT Corpus 233,533.00 Revenue Share 739,108.20 Total Disbursements to City of San Antonio 972,641.20 Professional Services Accounting & CFO Services 49,050.00 Asset Management Services 92,628.00 Audit Services 3,950.00 Compliance Monitoring Services 10,640.00 Total Professional Services 156,268.00 Properties Expense Security Services 74,250.00 Total Properties Expense 74,250.00 Subscriptions Software Licenses 986.93 Total Subscriptions 986.93 TOTAL OPERATING EXPENSES 2,602,898.10 OPERATING INCOME (LOSS) 3,564,716.23  SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION (A Component Unit of the City of San Antonio, Texas) Statement of Revenues, Expenses and Changes in Net Position For the Period October 1, 2022 through June 30, 2023 NONOPERATING REVENUES (EXPENSES) Tax Expense (116,399.14) Interest Income ‐ Banks 408,393.56 NET NONOPERATING REVENUES (EXPENSES) 291,994.42 NET INCOME $ 3,856,710.65 Increase (Decrease) in Net Position $ 3,856,710.65 Net Position at the Beginning of the Year 15,265,217.70 Net Position at the End of the Year $ 19,121,928.35  PUBLIC FACILITY CORPORATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* OPERATING REVENUES Grant Income Bexar County ‐ Viento Land Purchase $ 2,500,000.00 $ 2,500,000.00 Total Grant Income 2,500,000.00 2,500,000.00 100.00% Fee Income Administrative Fees 56,250.00 $ 75,000.00 Application Fees 15,100.00 15,000.00 Asset Management Fees 83,333.24 139,584.00 Bond Issuance Fees ‐ 861,194.00 Cash Flow Fees 109,483.83 109,484.00 Deferred Developer Fees 1,024,730.49 1,126,665.00 Developer Fees 1,519,257.88 2,901,343.00 Incentive Management Fees 9,764.73 9,765.00 Origination Fees 250,000.00 250,000.00 Partnership Management Fee 250,219.02 250,219.00 Supervisory Management Fee 16,877.75 16,878.00 Total Fee Income 3,335,016.94 5,755,132.00 57.95% Distribution Income from Cash Flow 332,597.39 391,388.00 84.98% Rent Income ‐ Ground Leases ‐ 1,100,000.00 0.00% TOTAL OPERATING REVENUES 6,167,614.33 9,746,520.00 OPERATING EXPENSES Administrative Fees 1,398,751.97 1,536,630.00 91.03% Disbursements to City of San Antonio Contribution to SAHT Corpus 233,533.00 233,533.00 Revenue Share 739,108.20 740,000.00 Total Disbursements to City of San Antonio 972,641.20 973,533.00 99.91% Program Expenses Acquisition Site #1 ‐ 108,667.00 Acquisition Site #2 ‐ 104,800.00 Total Program Expenses ‐ 213,467.00 0.00% Professional Services Accounting & CFO Services 49,050.00 65,400.00 Asset Management Services 92,628.00 180,000.00 Audit Services 3,950.00 17,000.00 Compliance Monitoring Services 10,640.00 163,600.00 Other Professional Services ‐ 1,000.00 Total Professional Services 156,268.00 427,000.00 36.60% Properties Expense Filing Fees ‐ 500.00 Security Services 74,250.00 73,440.00 Total Properties Expense 74,250.00 73,940.00 100.42%  PUBLIC FACILITY CORPORATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* Subscriptions Subscriptions ‐ Software Licenses 986.93 1,500.00 Total Subscriptions 986.93 1,500.00 65.80% TOTAL OPERATING EXPENSES 2,602,898.10 3,226,070.00 80.68% OPERATING INCOME (LOSS) 3,564,716.23 6,520,450.00 NONOPERATING REVENUES (EXPENSES) Income Tax Expense (116,399.14) (150,000.00) 77.60% Interest Income ‐ Banks 408,393.56 485,000.00 84.20% NET NONOPERATING REVENUES (EXPENSES) 291,994.42 335,000.00 NET INCOME $ 3,856,710.65 $ 6,855,450.00 *Reflects budget amendment #2023‐001 and 2023‐002.  SAN ANTONIO HOUSING TRUST FINANCE CORPORATION (A Component Unit of the City of San Antonio, Texas) Statement of Net Position June 30, 2023 ASSETS Current Assets Cash and Cash Equivalents $ 1,890,892.83 Due from San Antonio Housing Trust Public Facility Corporation 9,720.00 Total Due from Related Entities 9,720.00 Total Current Assets 1,900,612.83 Other Assets Funds Held by Others San Antonio Housing Trust Foundation 7,850.00 Rio Lofts 565,013.70 Total Noncurrent Assets 572,863.70 TOTAL ASSETS $ 2,473,476.53 LIABILITIES Current Liabilities Due to San Antonio Housing Trust Foundation 33,568.72 Total Current Liabilities 33,568.72 TOTAL LIABILITIES 33,568.72 NET POSITION Unrestricted 2,439,907.81 TOTAL NET POSITION $ 2,439,907.81  SAN ANTONIO HOUSING TRUST FINANCE CORPORATION (A Component Unit of the City of San Antonio, Texas) Statement of Net Position June 30, 2023 OPERATING REVENUES Fee Income Annual Issuer Fee $ 53,820.00 Total Fee Income 53,820.00 TOTAL OPERATING REVENUES 53,820.00 OPERATING EXPENSES Administrative Fees 31,630.85 Professional Services Accounting & CFO Services 9,810.00 Asset Management Fees 3,500.00 Audit Services 4,400.00 Total Professional Services 17,710.00 Subscriptions ‐ Software Licenses 543.00 TOTAL OPERATING EXPENSES 49,883.85 OPERATING INCOME (LOSS) 3,936.15 NONOPERATING REVENUES (EXPENSES) Interest Income ‐ Banks 64,303.41 TOTAL NONOPERATING REVENUES (EXPENSES) 64,303.41 INCREASE (DECREASE) IN NET POSITION $ 68,239.56  FINANCE CORPORATION Budget to Actual Analysis October 1, 2022 ‐ June 30, 2023 Annual Actual % of Budget Budget* OPERATING REVENUES Fee Income Annual Issuer Fee $ 53,820.00 $ 123,640.00 Total Fee Income 53,820.00 123,640.00 43.53% TOTAL OPERATING REVENUES 53,820.00 123,640.00 OPERATING EXPENSES Administrative Fees 31,630.85 30,910.00 102.33% Professional Services Accounting & CFO Services 9,810.00 13,080.00 Asset Management Fees 3,500.00 15,000.00 Audit Services 4,400.00 11,000.00 Compliance Monitoring Fees ‐ 3,600.00 Other Professional Services ‐ 100.00 Total Professional Services 17,710.00 42,780.00 41.40% Subscriptions ‐ Software Licenses 543.00 800.00 67.88% TOTAL OPERATING EXPENSES 49,883.85 74,490.00 OPERATING INCOME (LOSS) 3,936.15 49,150.00 8.01% NONOPERATING REVENUES (EXPENSES) Interest Income ‐ Banks 64,303.41 76,000.00 84.61% TOTAL NONOPERATING REVENUES (EXPENSES) 64,303.41 76,000.00 INCREASE (DECREASE) IN NET POSITION $ 68,239.56 $ 125,150.00 54.53% *Reflects budget amendment #2023‐001.