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Presentation, discussion, and possible action to adopt a resolution regarding designating signature authority and superseding previous resolutions
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RECOMMENDED ACTION
recommendation
WHEREAS, the Texas Department of Housing and Community Affairs (the Department), a public and official governmental agency of the State of Texas, was created and organized pursuant to and in accordance with the provisions of Tex. Gov’t Code, Chapter 2306 (the Code), as amended;
WHEREAS, the Code authorizes the Department, among other things: (a) to make and acquire and finance, and to enter into advance commitments to make and acquire and finance, mortgage loans and finance, participating interests therein, secured by mortgages on residential housing in the State of Texas (the State); (b) to issue its bonds, for the purpose of, among other things, obtaining funds to acquire or finance such mortgage loans, to establish necessary reserve funds and to pay administrative and other costs incurred in connection with the issuance of such bonds; and (c) to pledge all or any part of the revenues receipts or resources of the Department, including the revenues and receipts to be received by the Department from such single family mortgage loans of participating interests, and to mortgage, pledge or grant security interests in such mortgages of participating interests, mortgage loans or other property of the Department, to secure the payment of the principal or redemption price of and interest on such bonds;
WHEREAS, on September 7, 2023, the Governing Board adopted a resolution designating signature authority to reflect the structure of the Department; and
WHEREAS, organizational changes have occurred that remove Homero Cabello as Deputy Executive Director, establish a new Deputy Executive Director - Housing Finance with authority for all department transactions and add Wendy Quackenbush as Director of Multifamily Compliance, such that the Governing Board has now determined that its resolution adopted September 7, 2023, designating signature authority, should be superseded by a new resolution designating signature authority in order to conform to the Department’s current organizational structure, working titles, and operations;
NOW, THEREFORE, it is hereby
RESOLVED that the Governing Board makes changes to its resolution adopted September 7, 2023, as shown below.
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SECTION 1 - Supersession of the Prior Signature Authority. The Governing Board hereby supersedes its prior resolution, adopted September 7, 2023, designating signature authority by adopting this new resolution.
SECTION 2 - Designation of Signature Authority for Bond and Indenture-Related Transactions. The Governing Board hereby authorizes and designates the Board Secretary, the Assistant Board Secretary, the Executive Director, the Director of Administration, the Director of Financial Administration, the Deputy Executive Director - Housing Finance, the Director of Multifamily Bonds, and each of them as signatories for single family and multifamily bond and indenture-related transactions as well as transactions under the Department’s “to be announced” or TBA program including, but not limited to letters of instruction, officer's certificates, bond transactional documents and all other documents and certificates executed in connection with such transactions. In addition, the Governing Board authorizes and designates the Manager of Single Family Finance and Senior Bond Financial Analysts within the Bond Finance division as signatories for day-to-day operations activities related to advances taken through the Federal Home Loan Bank of Dallas (FHLB) for the purchase of loan participations from the Idaho Housing and Finance Association (IHFA), the Department’s Master Servicer, including directing the wiring of such advances from FHLB to IHFA.
SECTION 3 - Designation of Signatory Authority for Real Estate Transactions and Performance Contracts. The Governing Board hereby authorizes and designates the following persons holding the positions described and each of them to execute and deliver, as specified, earnest money contracts, deeds or conveyances of title, leases of real property, settlement statements on purchase or sale of real property, deposits and disbursements on agency bank accounts, real estate transactional documents and all other documents executed in connection with real estate or real estate-related transactions, including but not limited to performance contracts. Every reference to a signatory office or title herein includes any person serving in an acting or interim capacity:
(a) Executive Director, Deputy Executive Director, Director of Administration, Deputy Executive Director - Housing Finance, Board Secretary, and Assistant Board Secretary: All real estate or real estate related transactions, and all transactions administered by the programs under their organizational responsibility;
(b) Director of Financial Administration: All real estate or real estate-related transactions administered by the Financial Administration Division;
(c) Director of Multifamily Programs: All real estate or real estate-related transactions administered by the Multifamily Programs Division;
(d) Director of Multifamily Asset Management: All real estate or real estate-related transactions administered by the Multifamily Asset Management Division;
(e) Deputy Executive Director - Housing Finance: All real estate or real estate-related transactions administered by the Bond Finance Division;
(f) Director of Multifamily Bonds: All real estate or real estate-related transactions administered by the Multifamily Bonds, and 4% Housing Tax Credit transactions.
(g) Director of Texas Homeownership Program: All real estate or real estate-related transactions administered by the Texas Home Ownership Division;
(h) Director of Single Family and Homeless Programs: All real estate or real estate-related transactions administered by the Single Family and Homeless Programs, and all transactions administered by the division which includes HOME, Housing Trust Fund (HTF); Emergency Solutions Grant (ESG); Homeless Housing and Services Program (HHSP); Ending Homelessness Program (EH); Section 8 Housing Choice Voucher Program; Office of Colonia Initiatives (OCI); and Neighborhood Specialization Program (NSP);
(i) Director of Section 811 Program: All transactions administered by the Section 811 Program;
(j) Director of CDBG CARES: All transactions administered by the Community Development Block Grant CARES Program;
(k) Director of Texas Rent Relief Program: All transactions administered by the Texas Rent Relief Program;
(l) Director of Housing Stability Services: All transactions administered by the Housing Stability Services Program;
(m) Director of the HOME-ARP Program: All transactions administered by the HOME-ARP Program;
(n) Director of the Community Affairs Program: All transactions administered by the Community Services Block Grant Program; the Low Income Home Energy Assistance Program (LIHEAP); and the Weatherization Assistance Program (WAP);
(o) Director of Texas Homeowner Assistance Fund: All transactions administered by the Texas Homeowner Assistance Fund Program;
(p) Director of Multifamily Compliance: All transactions administered by the Multifamily Compliance Division;
(q) Signatory authority on deposits and disbursements on agency bank accounts is limited to those persons designated on the applicable signature cards, as specified by the Executive Director; provided however, that no person may be so designated other than the Executive Director or a Director.
SECTION 4 - Designation of Signatory Authority for Fund Transfers. The Governing Board hereby authorizes and designates the following persons and each of them to execute and deliver any necessary fund transfer documents, including letters of instruction, in the manner prescribed below.
Fund transfers require dual signatures, consisting of one signatory from each of the following two groups:
(a) Director of Administration, or Director of Financial Administration; and
(b) Executive Director, Deputy Executive Director - Housing Finance, or Deputy Executive Director.
SECTION 5 - Execution of Documents. The Governing Board hereby authorizes the Executive Director, or in his absence the Deputy Executive Director, or the Deputy Executive Director - Housing Finance, to execute, on behalf of the Department, any and all documents, instruments reasonably deemed necessary to effectuate this resolution.
SECTION 6 - Effective Date. This Resolution shall be in full force and effect from and upon its adoption until and unless it is revoked or superseded.
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BACKGROUND
This Resolution updates and designates signature authority to reflect the current organizational structure of the Department and the current working titles for the positions designated. The update allows for the Deputy Executive Director - Housing Finance to have the authority to sign documents related to all Department transactions, adds several programs previously omitted, and keeps previous authorizations the same.
Incumbency Certificate
I, James "Beau" Eccles, the duly appointed and serving Secretary of the Governing Board of the Texas Department of Housing and Community Affairs (the Department), do hereby certify that Robert “Bobby” Wilkinson is the duly appointed Executive Director of the Department, appointed by its governing board and approved by the Governor effective August 15, 2019, and set forth below opposite his name is his true and correct signature:
Bobby Wilkinson ______________________________
Executed and seal of the Department affixed this ____ day of ________, 2025 at Austin, Texas.
______________________________
James "Beau" Eccles
(S E A L)
Certificate
I, Robert “Bobby” Wilkinson, the duly appointed Executive Director of the Texas Department of Housing and Community Affairs (the Department), do hereby certify that set forth below is a true and correct listing setting forth specific positions within the Department, the name of the person currently designated by me to hold each such position, and, opposite their name, their true and correct signature. Each person listed currently holds the position indicated:
Board Secretary
James "Beau" Eccles
Assistant Board Secretary
Michael Lyttle
Director of Administration
David Cervantes
Director of Financial Administration
Jose Guevara
Deputy Executive Director - Housing Finance
Scott Fletcher
Director of Multifamily Bonds
Teresa W. Morales
Director of Multifamily Programs
Cody Campbell
Director of Texas Homeownership Program
Lisa Johnson
Director of Multifamily Compliance
Wendy Quackenbush
Director of Multifamily Asset Management
Rosalio Banuelos
Director of Single Family and Homeless Programs
Abigail Versyp
Director of Section 811 Program
Bill Cranor
Director of CDBG CARES
Rudy Bentancourt
Director of Texas Rent Relief Program
Mariana Salazar
Director of Housing Stability Services
Cate Tracz
Director of the HOME-ARP Program
Naomi Cantu
Director of the Community Affairs Program
Michael De Young
Director of Texas Homeowner Assistance Fund
Lizet Hinojosa
Deputy Executive Director
Brooke Boston
Executed this _4_ day of __September , 2025 at Austin, Texas.
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Bobby Wilkinson, Executive Director
Texas Department of Housing and Community Affairs