Kentucky Housing Corporation Board of Directors to Meet 

            A regular meeting of the Kentucky Housing Corporation Board of Directors will be held Thursday, October 25, 2007, 2 p.m., Eastern time, 1231 Louisville Road, Frankfort.  A copy of the agenda accompanies this notice. 

            The press and public are invited to attend.  Individuals requiring special accommodations to attend this meeting should contact Tracey Fitzgerald at least 24 hours in advance at (502) 564-7630 or (800) 633-8896, extension 241; TTY 711; or email tfitzgerald@kyhousing.org.

 AGENDA

I. Call to Order                                                                                         Don Ball, Chairman
   A. Confirmation of Quorum
   B. Confirmation of Press Notice
   C. Public Participation (Public may raise issues not already on the agenda;
       limited to five minutes per speaker.)

II. Consideration/Approval of Minutes of Meeting of August 30, 2007 (Motion)      Chairman Ball

III. Report of Action by Finance Committee at Meeting of October 17, 2007         David Wombwell
     Presentation of Audited Financial Statements for the Year-Ended
     June 30, 2007 by Strothman & Company PSC                                             Richard L. McQuady

IV. Sale of 2007 Series N and O Housing Revenue Bonds                                   Richard L. McQuady
     Consideration of Resolution No. 48, Series of 2007 (Motion)

SERIES RESOLUTION AUTHORIZING THE ISSUANCE OF HOUSING REVENUE BONDS, 2007 SERIES N AND HOUSING REVENUE BONDS, 2007 SERIES O OF THE KENTUCKY HOUSING CORPORATION; DETERMINING AND ORDERING THE APPLICATION OF THE PROCEEDS OF SAID OBLIGATIONS; FIXING AND DETERMINING CERTAIN DETAILS OF SAID OBLIGATIONS; APPROVING THE FORMS OF SAID OBLIGATIONS; AUTHORIZING THE EXECUTION AND DELIVERY OF THE PURCHASE CONTRACTS IN RESPECT OF THE PURCHASE OF SAID OBLIGATIONS AND APPROVING THE FORMS AND CONTENTS THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF THE OFFICIAL STATEMENT IN RESPECT OF SAID OBLIGATIONS AND APPROVING THE FORM AND CONTENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF A STANDBY BOND PURCHASE AGREEMENT AND APPROVING THE FORM AND CONTENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT AND APPROVING THE FORM AND CONTENT THEREOF; AUTHORIZING THE EXECUTION AND DELIVERY OF A REMARKETING AGREEMENT AND APPROVING THE FORM AND CONTENT THEREOF; AND TAKING OTHER RELATED ACTIONS. 

V. Updates in Signatory Authority                                                                 Lori H. Flanery
    Consideration of Resolution No. 49, Series of 2007 (Motion)

A RESOLUTION AUTHORIZING SPECIFIC INDIVIDUALS AND SPECIFIC POSITION APPOINTEES TO SIGN CERTAIN DOCUMENTS ON BEHALF OF KENTUCKY HOUSING CORPORATION IN THE NORMAL COURSE OF BUSINESS.

VI. Personal Service Contracts for Market Analyst Services                                Tammy Thomas
     Consideration of Resolution No. 50, Series of 2007 (Motion)

A RESOLUTION AUTHORIZING STAFF TO ENTER INTO PERSONAL SERVICE CONTRACTS WITH GILL GROUP, ALLGEIER COMPANY, NATIONAL LAND ADVISORY GROUP AND VOGT, WILLIAMS & BOWEN FOR MARKET ANALYST SERVICES.

VII. Personal Service Contracts for Appraisal Services                                       Tammy Thomas
      Consideration of Resolution No. 51, Series of 2007 (Motion)

A RESOLUTION AUTHORIZING STAFF TO ENTER INTO PERSONAL SERVICE CONTRACTS WITH GILL GROUP, SLOAN APPRAISAL AND REALTY SERVICES AND ALLGEIER COMPANY FOR APPRAISAL SERVICES.

 VIII. Amended Administrative Plan for Rental Assistance Programs                       Bradley R. Sweazy
       Consideration of Resolution No. 52, Series of 2007 (Motion)

A RESOLUTION APPROVING AND ADOPTING THE UPDATED ADMINISTRATIVE PLAN FOR RENTAL ASSISTANCE PROGRAMS.

IX. Informational Items                                                                                Chairman Ball

X. Items from the Board or Staff (not on agenda)                                             Chairman Ball

XI. Adjournment (Motion)

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www.kyhousing.org

     Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities.  As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation and supportive housing programs for special needs populations.

     Kentucky Housing Corporation prohibits discrimination in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability or veteran status.