Board meeting, Dec 12, 2023

Board meeting, called to order 10:02, adjourned 13:03. Records we hold: agenda, draft minutes, transcript.

Dispositions heard: 4 approved, 2 denied.

Who was there

From the minutes' roll call, and from the transcript where it records someone leaving. These are counts and names of what happened; the record does not say why anyone was absent.

Present at the start (9): Anne Fadullon, Alexander Balloon, Andrew Goodman, Maria Gonzalez, Michael Johns, Michael Koonce, Majeedah Rashid, Mo Rushdy, Rick Sauer
Not at roll call: Rebecca Lopez-Kriss
Arrived after roll call: none listed
Left early (where a transcript says so): Mo Rushdy, Andrew Goodman

Agenda items

Every item in the minutes, with the outcome and the vote as recorded. Dispositions link to their project. Fewer than six approvals is no decision, not a denial.

Item	What	Outcome	Vote	Speakers / letters
I	Roll call
II	Minutes of November 14, 2023 meeting	Approved
III	Executive Director's Report
IV.A	Administrative: 2024 Board meeting schedule (regular meetings 2nd Tuesday; Jan. 16 and July 16 are 3rd Tuesdays; Dec. 10, 2024 annual meeting; remote via Zoom)		unanimous
IV.B	Acceptance of audited financial statements for year ending June 30, 2023 (Mercadien: Digesh Patel, Matt Daly, Phil Jutkiewicz)		unanimous
IV.C	FY2024 operating budget and year-to-date financial report		unanimous
IV.D	Amendment of Resolutions 2022-39 and 2021-52 (BMK Properties, LLC, 43-home mixed-income project): change 4 Kensington Ave homeownership units (2639, 2641, 2643, 2653) to 8 market-rate rental and 2 commercial units; in exchange 7 market-rat…	Approved	unanimous	2 / 0
V.A(1)	Conveyance of 2502, 2503, 2542, 2552, 2559 N. 28th Street (Strawberry Mansion) to Soar City Development for 5 two-story 3BR single-family homeownership units at <=100% AMI, max sale price $280,000; total price $5,000; EOP; power of attorne…	Denied	3-6	6 / 22
V.A(2)	Conveyance of 2409, 2413, 2416, 2418, 2443 N. 19th Street (North Philadelphia) to 215 Development Corporation for 5 two-story 3BR single-family homeownership units at <=100% AMI, max price $280,000; price $5,000; EOP; POA and reverter; 15-…	Denied	3-6	7 / 19
V.B	Conveyance of 4320 and 4322 Lancaster Avenue (CD3) to Lancaster Avenue 21st Century Business Association (LA21) for a five-story 10,400 SF mixed-use building (retail, commissary kitchen, nonprofit offices, business services); $10,000 disco…	Approved	unanimous	2 / 0
V.C	Conveyance of 5906 and 5908 Market Street (CD3) to ACHIEVEability for managed community green space for youth; $1.00 plus 30-year mortgage of $39,999; permanent open-space restriction	Approved	unanimous	0 / 1
V.D	Conveyance of 2464 N. Natrona Street (CD5) to adjacent owner Cierra S. Stokes as a side yard; $1.00 plus 30-year mortgage of $21,999	Approved	unanimous	3 / 0
VI	Public comment (old and new business)
VII	Adjournment

Documents

Certified transcript in the meeting package (scanned pages)

Meeting package (PDF, 92 pages; coming online soon)

Executive session topics: Executive Director reviewed the agenda