Board meetings, strategic plans, and buyer signals from Kim Bailey’s organization
Sep 25, 2026·BoardMeeting
Board
Minnesota Housing Board Of Directors Board Of Directors Meeting
The Board meeting included updates from the Commissioner regarding the 'windwalk' agency celebration, recent staffing additions, and agency participation in various coalition and project-related events. Key discussions focused on the timeline for the upcoming Workforce Housing Development Program RFP, updates on the qualified allocation plan process, and the status of ongoing litigation with HUD concerning homeless assistance grants. Additionally, the Board reviewed and approved the financial statement audit and handled consent agenda items, including modifications to the home ownership investment grant program and technical assistance grants. A new policy regarding carpenter wage rates for low-income housing tax credit-only projects was also presented for approval.
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The meeting focused on the presentation of the audit results for the 2026 fiscal year. Key topics included a review of information technology general controls, where it was determined that all 43 tested criteria operated within low-risk parameters. The committee discussed the various stages of the audit process, including interim planning, fieldwork, and finalization. There was also a detailed discussion regarding the federal single audit process, specifically the selection of programs for audit and compliance with federal guidelines. Additionally, the committee reviewed upcoming changes in financial statement presentation resulting from GASB 103, which will impact how non-capital subsidies and government appropriations are reported.
Aug 28, 2026·BoardMeeting
Board
Minnesota Housing Board of Directors Board of Directors Meeting
The board meeting included a commissioner's report covering agency personnel updates, the Mstead plan, various housing program initiatives, and updates on the Qualified Allocation Plan (QAP) for the low-income housing tax credit program. Key action items included the approval of a series resolution for the issuance and sale of housing infrastructure bonds to support multifamily projects, and the approval of a commitment for a limited partner buyout loan for the Maple Village 2 apartments. The consent agenda included a contract amendment for the Northwest Minnesota Foundation, manual revisions for the startup and step up program, and capacity planning funding for Homeline.
Aug 17, 2026·BoardMeeting
Board
Minnesota Housing Board of Directors Meeting
The board meeting covered several key agenda items. The Commissioner provided updates on various programs, including the multifamily annual consolidated RFP, HUD Section 811 project rental assistance, and the eventual tenant ownership program. The board approved a funding modification for the Redwing Scattered Site Project due to unforeseen construction costs and compliance requirements. Additionally, the director of federal affairs presented the fiscal year 2026 annual action plan for submission to HUD, noting the removal of the HAPA program due to threshold changes and discussing placeholder allocations for the National Housing Trust Fund.
Extracted from official board minutes, strategic plans, and video transcripts.
