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| | | | Call to Order
Minutes note: Meeting called to order at 3:00 p.m. | | | |
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T312
| 0 | 1. | Motion | Approval of the minutes of the regular meeting held on May 11th, 2023 | APPROVED | Pass | 7:0 |
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T310
| 0 | 2. | Travaux Resolution | Resolution approving the execution of property management agreements
Minutes note: Fernando Aniban, HACM’s Assistant Secretary, explained that this Property Management Agreement for Southlawn, Northlawn, and Berryland was recently approved by the HACM Board of Commissioners. Mr. Aniban answered Directors’ questions regarding the current management of these properties, added responsibilities, and new hires with this agreement. | ADOPTED | Pass | 7:0 |
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T313
| 0 | 3. | Communication | Report from the President
Minutes note: Willie L. Hines, Jr., HACM’s Secretary-Executive Director, opened the floor to
Kaylin Nuss, HACM’s Chief Operating Officer – Real Estate Operations, who summarized the Repositioning Presentation included in the agenda.
Mr. Hines directed the Board to Scott Simon, Travaux’s Vice President of Development, who gave a brief summary of HACM’s and Travaux’s possible future projects. Mr. Simon stated that Travaux is looking to provide better facilities for residents by exploring mixed-income opportunities and researching other potential cash flows from Travaux into HACM. Currently, Travaux is exploring two sites for future undertakings: the Caroline, new construction, and Hillside, which is being considered for RAD and reconstruction. Mr. Simon stated that these plans are in the preliminary stages and will be proposed to the HACM Board for further consideration. Mr. Hines thanked Scott for his synopsis of the future direction of HACM and Travaux, Inc. Staff answered Directors’ questions regarding partners, their roles, and how they can engage with our organization.
Greg Anderson, Travaux’s Vice President of Asset Management, provided an update on the property management metrics which are part of HACM’s Recovery Plan. The U.S. Department of Housing and Urban Development (HUD) had implemented a goal of a 98% occupancy rate, and as of June 30th, the public housing portfolio is at a 96% occupancy rate. HUD also set a goal of 30 days turnaround time for vacant units, HACM is at 43 days, a difference of 13 days to reach the goal. Mr. Anderson explained HACM is concentrating on making older units lease-ready in order to considerably reduce the vacancy percentages. During the month of June, there were 30 move-outs and 42 move-ins. Mr. Anderson also mentioned that an incentive of a free month of rent is being offered to applicants, temporary staff are being considered for permanent positions, and the Intake office is continuing its goal to get property managers five names for each vacancy. Director McCarthy stated that as a Board member, he has a great interest in this area of information, which is necessary in order to manage his fiduciary responsibilities appropriately. Mr. Hines added that HACM recently received a letter from HUD stating the organization went from a Sub-standard performer to a Standard performer, 13 points away from a high performer. Mr. Anderson further reported that HACM is currently at 90% occupancy at the tax-credit affordable-housing portfolio and at 95% occupancy at the market rate portfolio.
Mr. Hines concluded his report by thanking the Directors for their time and service.
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| | | | Adjournment
Minutes note: There being no further business, Director Crosby made a motion to adjourn the meeting at 4:00 p.m. Director Manzanet seconded the motion. There being no objections, the motion carried. | | | |
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| | | | Upon reasonable notice, efforts will be made to accommodate the needs of persons with disabilities through sign language interpreters or auxiliary aids. For additional information or to request this service, contact the Housing Authority ADA Coordinator, Marquetta Treadway at 286-5100, (FAX) 286-3456, (TDD) 286-3504 or by writing to the Coordinator at 650 West Reservoir, Milwaukee, WI 53212. | | | |
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| | | | Persons engaged in lobbying as defined in s. 305-43-4 of the Milwaukee Code of Ordinances are required to register with the City Clerk's Office License Division. Registered lobbyists appearing before a Common Council committee are required to identify themselves as such. More information is available at http://city.milwaukee.gov/Lobbying. | | | |
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