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Oxnard committee recommends housing authority adopt updated investment policy, delegate authority to housing finance officer
Summary
The Oxnard Finance and Governance Committee on June 24, 2025, voted 3-0 to recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard adopt an updated investment policy and delegate investment authority to the housing finance officer for fiscal years 2025–26.
The Oxnard Finance and Governance Committee on June 24, 2025, voted 3-0 to recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard adopt a resolution approving an investment policy and investment portfolio guidelines and delegating investment authority to the housing finance officer for fiscal years 2025 and 2026.
The recommendation would update the authority’s investment standard and delegate day‑to‑day investment authority to the housing finance officer, Rhonda Hodge. Committee members asked staff to clarify whether the policy moves the authority from a "prudent person" to a "prudent…
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