HUD Housing Board
Thank you for agreeing to serve on the Volunteers of America North Louisiana’s Board for our six HUD housing developments. These complexes ensure some of our most vulnerable neighbors have safe, quality, affordable housing. More than just shelter, these developments allow residents to live with dignity and as much independence as possible.
In the early 1990s, Volunteers of America National developed six housing properties for low-income people with disabilities. These were funded through a couple of different HUD programs that made the developments affordable for the organization to develop and thus for the residents to rent.
On December 2, 2019, Volunteers of America North Louisiana became the sponsor/owner representative of these properties.
Unit rents are determined by the operating-based budget submitted to HUD each year. Tenants pay rent equal to 30% of their adjusted income and HUD subsidizes the remaining portion of rent due.
Attend annual meeting to review the overall financial and physical condition of each property and to comply with corporate articles and bylaws. The board is appointed by the sponsor, Volunteers of America North Louisiana. Under HUD regulations, the board does NOT have to approve the annual budget nor accept an annual audit. The board does hire/fire the management agent, currently Volunteers of America North Louisiana, who is responsible for the budget, audit, and all required reports and communications with HUD and the board.
Annual Board Meeting Agenda
December 14, 2020
Shreveport VOA Community Living Center I (Corbitt Lodge)
Shreveport VOA Community Living Center II (Greenwood Lodge)
Bossier City VOA Independent Housing, Inc. (Independence Lodge)
Ruston VOA Living Center (Independence Meadows)
Alexandria VOA Living Center, Inc. (New Haven Square)
Pineville Volunteers of America Living Center, Inc. (Pine Haven Place)
Matters for Noting:
- Sale of land – Independence Lodge
- HUD approval letters received – Update from Linda Jarrell
- Glossary – frequently used terms
Matters for Review:
- FY20 Audited Financial Statements
- FY20 Tax Returns – Form 990
- Year-to-date financial statements – comparison to budget
- Current Rent Roll Reports – Occupancy
- REAC Dates & Scores
- MOR Scores
Matters for Decision:
- Optimal time for annual meeting
- Approve Amendments to Articles of Incorporation
- Approve changes to Bylaws
Matters for Discussion:
- What information is necessary for annual meeting
- Format for future meetings