The Board met by email to discuss Options Foundation’s Good Standing status and its interaction with the Louisiana Housing Corporation’s Options Villa CoC Program project.
VOTING ATTENDANCE [LISTED AS NAME, ORGANIZATION, (SEAT), (ROLE IF ANY)]
All Board members
NON-VOTING ATTENDANCE [LISTED AS NAME, ORGANIZATION, (ROLE IF ANY)]
Gordon Levine, Louisiana Housing Corporation (Continuum of Care Manager)
Options Foundation and Options Villa CoC Program Funding
After CoC staff determined that Options Foundation was not in Good Standing and would therefore not be eligible to receive funding under the FY 2019 CoC Program NOFA, Options Foundation submitted an appeal to the Board. The Board reviewed Options Foundation’s appeal on June 11 and voted to uphold the original decision.
On July 31, on advice from CoC staff, the Board reviewed language in the Governance Charter related to Good Standing. Per the Governance Charter, only the “applicant” (i.e. direct recipient) must meet the Good Standing requirement to apply for CoC Program funding.
Insofar as the Louisiana Housing Corporation is the direct recipient for the Options Villa project and Options Foundation is the subrecipient, the Louisiana Housing Corporation remains eligible to apply for the Options Villa project under the FY 2019 CoC Program NOFA, and Options Villa’s Good Standing status does not interact with that eligibility.
Note: this will impact the amount of funding available in the FY 2010 CoC Program Local Competition’s General Funding Pool.