Escambia County Seeks Appointees For Housing Finance Authority

May 30, 2016

The Escambia County Board of County Commissioners is seeking Escambia County residents interested in volunteering to be considered for an appointment to the Escambia County Housing Finance Authority. Appointees serve without compensation. Escambia residents interested in serving on the Escambia County Housing Finance Authority are asked to submit a resume and letter indicating their desire to serve by 5 p.m. Friday, June 2. Resumes should be submitted to Judy Witterstaeter, Program Coordinator, Board of County Commissioners, P.O. Box 1591, Pensacola, Florida 32502.

The Escambia County Housing Finance Authority was established in accordance with Florida law. The authority’s duties are to assist in eliminating shortages of adequate housing, stop re-occurrence of slum conditions and stimulate employment and commerce. Knowledge in the area of labor, finance or commerce required. Authority members serve a four-year term of office. Financial disclosure is required.

Requirements:

  • The authority’s regular meetings are held the second Tuesday of every month and typically last between one to two hours (i.e. 24 hours annually). Board members are also required to attend special meetings that are occasionally called on an “as needed” basis in connection with proposed multi- and single-family financings.
  • Board members must review various documents (official statements, trust statements, loan agreements, etc.) prior to each monthly meeting. Preparation time generally ranges from one hour for a normal meeting, to four to six hours if there is a substantial item on the agenda.
  • Board members are also required to be available for any bond issue closings that occur during the year and to also make time during the month to consult with the Executive Director (and/or be available to sign documents, checks, etc.) as needed in connection with routine authority business.
  • Board members are also strongly encouraged to participate in various educational workshops and conferences sponsored by the National and Florida Associations of Local Housing Finance Authorities (approximately two a year) in an effort to stay abreast of emerging trends and changes to all the various laws and regulations in the housing finance and municipal finance industries (i.e. such as their due diligence responsibilities before approving a bond issue, SEC/MSRB regulations, disclosure responsibilities, etc.) that impact the authority’s mission of providing safe, decent and affordable housing.

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Written by William Reynolds · Filed Under Archive