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		Speaker -- MH Charities
8:50:9/15		Speaker -- Florida Community Loan Fund (Ignacio Esteban
9:15-9:30		Other Items:  
			County HAC Report 
			City of Orlando HAC Report
			Counseling Collaborative
		New Business:
			Review correspondence
			Next membership meeting -- Wednesday, October 30, 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 September 25, 2002 Meeting

Present: Kevin O'Rawe, Diane Ledford, Lori Solitro, Pat Golden, Jose Irazarry, Steve Chitwood, Charlene Rose, Teresa Gronske, Kerwin Mellott, Albie Mayor, Charles Rowe, Erica Monroe, Stacy Stakes, Marie Hassewer, Louis Laubscher, Jerome Barry, Gwen Lundy, Jeff Prescott, Jerrie Magruder, Glinder Stephens, Victor M. Alvardo, Ignacio Esteban, Patricia Andrews, Gloria Oliver, Bonnie McCoy, Bob Ansley, John Hazelroth

Agenda Item 1 - Approval of Minutes

Minutes were unanimously approved.

Agenda Item 2 - MH Charities (Teresa Gronske)

MH Charities was on-hand to talk a little bit about their organization. The following are summaries from this discussion.

• Mending Hearts Charities provides homes for the disabled and low income in Holden Heights. They have completed seven units and are fully accessible.



• One of the concerns of the charity is that in two years the County is going to replace the septics with municipal sewer. This will cost the nonprofit around $250,000 and adds approximately $135 per month to each house. They are concerned about the impact to the neighborhood and the affordability of the units.



• The average apartments rents include a one-bedroom for $400, a two-bedroom at $540, and an efficiency at $335-$385.



• This community is a front-porch initiative which provides additional financing consideration. They have impacted a total of 58 units. Some of these are duplexes and some are quads. The organizations buys and renovates and then re-rents out the units. They are using a variety of funding mechanisms but are always looking for additional funds and/or assistance.



• Mending Hearts Charities, Inc. gives low-income families and the disabled the opportunity to become self-sufficient and maintain economic stability.



• Most of the rents include utilities and rents are well below market rates. Affordable homes are the foundation needed for families to begin their journey out of poverty. When needed, they provide items ranging from bed linens and kitchen utensils to furniture and appliances. They also work with Seminole Volunteer Enterprises to provide each family with a monthly food package.
• For more information, call 407-843-4300 and their web site is www.mendinghearts.com.

Agenda Item 3 - Florida Community Loan Fund (Ignacio Esteban)

• The Florida Community Loan Fund is Florida's only statewide CDFI
• Offices in Orlando and Tampa; field offices in Jacksonville and Sarasota
• The Loan Fund provides loans to qualified non-profit organizations in 3 general areas:
• Affordable Housing for low-income families
• Acquisition and rehab
• Predevelopment and infrastructure
• New construction
• Preservation of affordable housing units
• Bridge financing
• Economic Development
• Commercial and retail development
• Community centers and business incubators
• Neighborhood revitalization projects
• Neighborhood-based daycare and childcare
• Social Services for low-income families and neighborhoods
• Supportive housing for at-risk families or individuals
• Facilities loans for services targeted to low-income populations
• Bridge loans for grants receivable
• LOAN SIZE:
• Current maximum loan size is $500,000
• In larger deals, the Loan Fund often partners with banks, government agencies and other non-profit lenders such as the LISC, SEEDCO, ICE and the McAuley Institute
• TERMS:
• Current rates are 5 -7% fixed for the entire term of the loan
• Origination fees are 1 -2% o $75 application fee
• Terms of up to 7 -10 years
• Amortizations as long as 20 -30 years
• COLLATERAL:
• -Loans must be secured -real estate, inventory, fixed assets, accounts receivable, etc.
• -Loan-to-value (L TV) can be as high as 95%, combined L TV's as high as 100%
• TECHNICAL ASSISTANCE:
• The Loan Fund can provide free technical assistance to its non-profit borrowers
• Delivered by the Florida Housing Coalition and others
• Provided for organizational development needs and project needs
• FLEXIBILITY:
• Willingness to commit early in a project
• Willingness to structure loan rate and terms to meet cash flow needs of borrower
• Willingness to assume higher risk
• Access to other conventional and non-profit lenders
• Florida Community Loan Fund can be reached in Orlando at 407-246-0846, 888-578-2030; in Tampa at 813-985-9553.

Agenda Item 4 - Miscellaneous Items

• The Homebuyer Counseling Collaborative indicated that they are starting the homebuyer club in Apopka in addition to a new club with the Orlando Housing Authority.
• The Center for Independent Living indicated that they now have a program available to help with accessibility improvements within the City of Orlando.
• Pat Golden was on-hand from the Central Board of Realtors. Pat is representing the National Association of Real Estate Brokers (NAREB). NAREB is the oldest minority trade association in America. They were founded in 1947 on the principle that all citizens have the right to equal housing opportunities, regardless of race, creed, or color. NAREB operates under a constitution and by-laws dedicated to preserving the right for all Americans. Their mission is to serve the un-served, and develop creative and effective methods of doing so. Members of the NAREB organization are referred to as "REALTISTS." Although composed principally of African Americans and other minority real estate professionals, the REALTIST organization is an integrated entity open to all qualified practitioners who are committed to achieving the ideal of the REALTIST theme - Democracy in Housing.
• Steve Chitwood was on-hand from HANDS to talk about a project called Art in Architecture. The program will be centered around the production of at least four (4) actual homes, each designed by an architect, built by a member of the HBA, decorated by a professional interior designer, sold and marketed by the Orlando Regional Realtors Assoc. membership, financed by members of the MBA and to be sold to income-qualified buyers using down payment assistance and the programs offered by Orange County with the home built in the HOLDEN HEIGHTS Front Porch targeted area.

The concept is to SHOWCASE the four houses to promote new and creative designs that will provide architecturally significant changes to the standard concrete block "box" now provided for affordable housing. The design will be such that it can be built using currently available and cost affective materials, for a total price that is within the range of affordability for those residents whose incomes are no more than 80 percent of the median income for the area (that maximum price is now set at $126,000).

This concludes the end of the meeting minutes. The next meeting will be held on Wednesday, October 30^th, 2002 at 8:30 am at Orlando City Hall.


 

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