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Votes and formal actions: minutes, financials, budget and financing resolutions approved
Summary
At its Aug. 20 meeting the HRHA approved minutes, financial and management reports, the 2026 budget, and several financing resolutions for Bluestone Town Center and other projects; the board also opened public comment on the annual and five-year plans for 45 days.
The Harrisonburg Housing Authority took several formal actions at its Aug. 20 meeting. Key outcomes:
- Approval of minutes from June 18 (motion by S1; second by S3; voice vote). - Approval of June and July financial and management reports (motion by S1; second by S4; voice vote). - Opened 45-day public comment and a public hearing for the 2025 Annual and Five-Year Plans and MTW supplement (posted online and advertised). - Approval of the 2026 budget (motion by S1; second by S4; roll call recorded affirmatives; no opposition recorded). - Approval of a resolution authorizing loan transactions and construction financing for Bluestone Town Center (including a $14M construction line and an E&S bond instrument with estimated $4M exposure and $60,000 premium); motion by S1 and second by S4 with roll-call votes recorded. - Approval of conditional language allowing staff to accept tax-exempt Lineweaver financing if bond counsel permits; otherwise staff may revert to taxable financing.
Where roll calls were performed, staff read names and recorded affirmative votes and noted absences. Several items were tabled for follow-up (executive director performance evaluation until full board membership).
