Board of Directors Meeting

Monday, April 2, 2012
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members: Bill Taylor, Dave Wilbrecht, Kirk Stapp, Larry Johnston, and Rick Wood
Members absent: Jim Smith
Staff present: Jennifer Halferty and Pam Hennarty

III. Public Comments
No comments given.

IV. Approval of Minutes from the March 12, 2012 BOD Meeting
Bill Taylor motioned to approve the minutes from March 12, 2012. Dave Wilbrecht second the motion with all in-favor for a 5-0 vote.

V. Discussion and Approval of MLH seeking Community Housing Development Organization (CHDO) Status
CHDO organizations may be eligible for operations, capacity building, and predevelopment funds through the State. Furthermore, MLH would be able to apply for HOME funds through the State on its own, and not preclude the Town from applying as well. This has the potential to double the HOME funds in the community. Board make-up is a key facet of becoming a CHODO. The board of directors members must have at least 1/3 that represents the low income population and no more than 1/3 may represent a public entity.

The board feels like this a good idea and directed staff to keep investigating.

VI. Board Member Reports
Rick Wood request that staff research if the Sierra Housing Advocates, LLC has a charging order in the operations agreement.

VII. MLH Monthly Status Report
Report was distributed and discussed.


VIII. Pursuant to Government Code Section 54956.9, the Board will hold a closed session to discuss property negotiations.

IX. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss pending litigation.

No action taken.

X. Adjourn