Board meetings, strategic plans, and buyer signals from Val Lingasami’s organization
Sep 17, 2026·BoardMeeting
Board
Board Of Commissioners Of Rhode Island Housing And Mortgage Finance Corporation Annual Meeting
The Board of Commissioners conducted its annual meeting, during which several key actions were taken. These included the election of a new Vice-Chair, the approval of the Delegation of Corporate Authority, the appointment of MERS Corporate Signing Officers, and the adoption of revisions to the Employee Handbook. Additionally, the Board granted firm approval for financing regarding the Newport Heights Phase I development and adopted the Executive Director's performance goals for the upcoming fiscal year. A closed session was held to discuss and approve merit-based compensation for the Executive Director.
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Board of Commissioners of Rhode Island Housing and Mortgage Finance Corporation Minutes Of Meeting
The Board discussed the Executive Director’s operational reports, including updates on homeownership lending, delinquency strategies, department reorganization, and proposed fiscal goals. The Board approved contracts for IT network services with Oshean, Inc. and workflow and compliance software with ProLink Solutions. Amendments to the Surplus Property Land Bank Guidelines were adopted. Additionally, the Board engaged Bonz and Company, Inc. as a Rent Comparability Study reviewer and authorized the appointment of a new General Partner for University Heights Apartments, L.P. Preliminary financing approvals were granted for three affordable housing developments: Public and Pine in Providence, Winsor Gardens Phase I in Smithfield, and Tidewater School Street in Pawtucket. Finally, the Board convened in a closed session to review the Executive Director's performance and compensation.
Aug 27, 2026·BoardMeeting
Board
Affordable Housing Trust Fund Minutes Of Meeting
The Trustees approved modifications to the Homeownership Investment Fund (HIF) Program Guidelines to improve clarity and align with the RIHousing Developer's Handbook. Key changes include increasing the developer fee to 10%, establishing primary residency requirements for end buyers, revising total development cost limits per unit to match existing handbook standards, and clarifying the monitoring agent's responsibilities. These updates apply to future funding awards and will be reflected in an upcoming Request for Proposals.
Jun 18, 2026·BoardMeeting
Board
Board of Commissioners Minutes Of Meeting
The Board of Commissioners discussed various operational and financial items, including the Executive Director's review of recent activities, trends, and housing-related legislation. The Board approved external charitable donations and contributions, adopted the Fiscal Year 2027 Operating Budget, and authorized awards for the Extremely Low-Income (RIH-ELI) Program. Additionally, the Board granted firm approval for first mortgage financing for the Mapleroot Ramblewood project in Coventry.
Extracted from official board minutes, strategic plans, and video transcripts.
