Time (Min)					Agenda Item	
8:00-8:30		Networking between members and guests 	
8:30-8:35		Introduction of members/guests (Katie Porta)
8:35-8:40		Approval of minutes
8:40-8:50		Orange County Housing Finance Authority Fees
8:50-9:15		Speaker — Kevin O'Rawe (Washington Mutual)
9:15-9:30		Other Items:  
			County HAC Report 
			City of Orlando HAC Report
			Counseling Collaborative
		New Business:
			Review correspondence
			Next membership meeting -- Wednesday, May 29, 2002 @ 8:30 am 
		Adjourn	
		
(TOTAL MEETING TIME -- 1 HOUR AND 45 MINUTES)

Goal 1.	To educate the entire community on the role of the nonprofit sector as an important partner in the housing delivery process.
   a.	Communicate housing and nonprofit needs to local area government
   b.	Develop quantifiable goals for the Roundtable to allow for evaluation of this organization's effectiveness.
   c.	Invite guest speakers to speak monthly.  Pick out topic relevant to nonprofit housing providers (i.e. management,
development, underwriting) and have speaker make 30 minute presentation.

Goal 2.	To pool skills and resources of nonprofit housing producers and housing support agencies
   a.	To use the nonprofit Roundtable to gain organizational and functional strength to achieve our mission by
convening regular meetings to share information, and to plan and coordinate activities of the participating
nonprofits

   b.	To evaluate and prepare an annual plan that quantifies projects and funding needs of the participating nonprofits
and prepare joint funding support request to the various funding entities
   c.	To promote and support emerging nonprofit housing organizations.

Goal 3.	To pursue various partnership opportunities and linkages with for-profit developers and builders.
   a.	Strengthen relationships between nonprofits and private sector
   b.	To become active participants in the Homebuilder's association to cultivate support of for-profit developers and
builders and to seek out opportunities for joint-ventures, other business relationships and mentoring.

Goal 4.	To pursue activities that would increase the availability of low cost funds to nonprofits.
   a.	Subscribe to legislative, funding resource.  Monitor and report on upcoming funding programs.
   b.	Develop calendar of funding source with contact, deadline and summary information.

Goal 5.	To pursue activities that would encourage governments to provide grants and loans to nonprofits for technical assistance
and housing production.

Nonprofit Housing Roundtable

Meeting Minutes from April 24, 2002 Meeting

Present: Kathy Bryant, Barbara Morton, Dedra Walthour, Kevin O'Rawe, Bill Newman, Lisa Chiblow, Jennifer Ambroise, Fran James, Diana Cook, Erika Monroe, Frantz Dutes, Jerrie Magruder, Audris Billberry, Pat Andrews, Thais Washington, Rev. Fred L. Maxwell, Michael Hamelburg, Brel Resser, Stacy Starke, John Hazelroth

Agenda Item 1 - Introduction of Members

Two new members were present at the meeting. The first was Audris Billberry, from the Sanford Housing Authority. Ms. Billberry indicated that she has taken over as the Executive Director of the Authority and is now working with HUD to remove the Authority from their 'troubled list' status. Of the 170 items that were originally listed, approximately two-thirds have been answered and they are now working on the remaining one-third of the problems. A second new member was Jennifer Ambroise, from Give Back Ministries. This ministry is providing housing to ex-offenders. They call this transformational housing. They are currently looking at a site in northwest Orange County. In addition to housing, they provide counseling, food, and other necessities for people getting out of jail. The projects are to be kept small and blended into the community. She will keep the Roundtable informed of their progress.

Agenda Item 2 - Orange County Housing Finance Authority Fees

Diane Cook and Fran James have been working with the Orange County Housing Finance Authority to try to reduce the application fees for tax exempt bond applications for nonprofit organizations. They feel, in addition to the Roundtable, that these fees are excessive for nonprofit entities and they discourage participation in this program. Fran will be checking this month with respect to what other housing finance agencies do. If Orange County is in line with these agencies, it will be more difficult to persuade to change their structure. However, should we find that Orange County Housing Finance Authority is charging fees in excess of that being done throughout the State, there may be grounds for a more concerted effort to get these fees reduced. Fran will report back later next month.

Agenda Item 3 - Kevin O'Rawe (Washington Mutual)

• Kevin O'Rawe was on-hand from Washington Mutual and discussed three new products that Washington Mutual is offering. The first product is Affordable 95, which is a fixed-rate, 15-30 year mortgage requiring debt ratios of 33-38 percent and cash down payment of 5 percent. The second program is Affordable 97, which has a 45 percent back-end ratio and has a 3 percent down of which only one percent has to be from the actual borrower's funds. The enclosed sheet describes these programs in more detail.
• Kevin also addressed the issue of credit scoring. Credit scoring is based upon a computer-generated model that looks at patterns and their impact on how people pay. For instance, if someone has a credit line of $10,000 and utilizes $8,000 of that credit line, they will be a higher credit risk than someone using only $2,000 of that credit line. All these factors are fed into the computer and scores are generated. Over the years, they have found that these scores are discrimination-blind and they treat everyone equally.
• Kevin was asked about the delinquency or default rate on these new products. He indicated that the products are too new and they don't have data yet on it. He did indicate that they have found that equity is less of a pre-determinate of pay, as opposed to character and previous payment.

Agenda Item 4 - Miscellaneous

• Dedra Walthour, from Housing Counseling Collaborative of Central FL, was on-hand. Dedra indicated that the Homebuyers Club in Apopka has started up. She also indicated that the Homebuyer Fair is scheduled for June 8^th, and they are accepting sponsors up through May 5^th. In addition, she announced several other initiatives which included training and workshops which will occur in May.
• Orange County was on-hand. Lisa Chiblow indicated that the County has recently submitted their local housing assistance plan. Frantz Dutes was on-hand and encouraged people to apply for the $500 million of HUD funding that is now available through HUD. Frantz also indicated that he is now looking at the entire fair housing process and is now identifying impediments to fair housing. They are doing a survey in which these findings will be shared with the Roundtable at a future date. Orange County will look to be doing some type of workshop in conjunction with the Fair Housing Continuum. Lisa indicated that they had seven tax credit applications and she will keep the Roundtable posted as to the progress of these.
• Jerrie Magruder was on-hand from HUD and she indicated that they are now scheduling broadcasts in Orlando to educate people on the Super NOFA. For information on the broadcasts, go to the www.hud.gov website and determine which one you want to enroll in; then, call 407-648-6441 and reserve a spot. The next meeting will be held on May 3^rd to present information on the HUD Section 202 and Section 811 programs.
• Task Force: Stacy Starke was on-hand to talk about the Task Force on the Disabled. The survey is complete and they are now commencing distribution. John Hazelroth indicated that the survey is now on the website, which is www.housingroundtable.org and people can view it there. Stacy indicated that it's very important that we distribute this. We need approximately 5,000 surveys returned. Anyone who has the ability to distribute or assist in the distribution of these surveys is to contact Stacy at the Center for Independent Living at 407-623-1070.

This concludes the end of the meeting minutes. The next meeting will be held on Thursday, May 23^rd. This will be an unusual meeting in that there will be a Roundtable discussion on financial literacy and asset-building for low income individuals.

The FDIC's Chicago Region, in partnership with the Department of Labor (DOL) and the Internal Revenue Service (IRS), have developed a strategy to link low-income individuals and families to financial education and asset-building through the following three vehicles: (1) the FDIC national Money Smart financial education curriculum, (2) the federal Earned Income tax Credit (EITC), and (3) the Volunteer Income Tax Assistance (VITA) sites. This new initiative, "Money Smart, VITA, and the EITC: The Potential for Asset-Building in Low Income Communities" will be piloted by Community Affairs staff in four of the FDIC's regional offices: Chicago, Kansas City, New York, and San Francisco.

Mary Myhill from Republic Bank in Clearwater and Sharon Hughes from Market Place Bank are working together to sponsor a presentation regarding this program.