Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Housing Authority adopts investment policy to put reserves in Treasury money markets; quarterly reporting pledged

Housing Authority of the City and County of San Francisco Board of Commissioners · February 29, 2024

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The commission approved a new investment policy to invest operating reserves beyond a four‑month liquidity buffer in HUD‑approved instruments (U.S. Treasury money market, commercial paper), with staff proposing initial placement in an ultra‑liquid Treasury money‑market vehicle and quarterly reporting to the board.

The Housing Authority adopted an updated investment policy effective March 1, 2024, that allows the Authority to invest reserves above a four‑month operating threshold in HUD‑approved, fully guaranteed instruments such as U.S. Treasury money-market funds, Treasury bills and high‑quality…

Already have an account? Log in

Subscribe to keep reading

Unlock the rest of this article — and every article on Citizen Portal.

Unlimited articles
AI-powered breakdowns of topics, speakers, decisions, and budgets
Instant alerts when your location has a new meeting
Follow topics and more locations
1,000 AI Insights / month, plus AI Chat

See memberships

30-day money-back on paid plans