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From YouTube: LAREDO HOUSING FINANCE CORPORATION 090821
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LAREDO HOUSING FINANCE CORPORATION 090821
A
A
A
D
D
That's
why
we
have
that
lost
in
these
variants.
There
total
repair
and
maintenance.
We
were.
We
were
over
by
29
material
order
for
work
orders
to
make
readies
monthly
services.
We
accrued
the
invoice
for
answering
service.
For
some
reason
it
was
not
process
timely,
so
those
100
will
were
accrued
and
we
should
be
evened
out,
so
we
did
good
there
total
utilities.
We
were
over
on
all
utilities
for
the
month
of
july,
even
electricity
and
electricity
for
some
reason
had
always
been
lower,
except
this
month.
D
D
We
have
sprout
facebook
postings,
we
have
apartments.com,
and
then
we
have
the
resident
referral
program
in
the
face,
which
is
the
internal
residence
referring
referring
somebody
over
to
us
and
then
get
a
hev
gift
card
or
a
walmart
gift
card
for
fifty
dollars.
That
seems
to
be
working
good,
not
too
many
hits
on
the
ad
for
some
reason.
D
So
that's
why
there's
over
there
the
over
overage
there
general
administrative?
We
are
positive.
There,
we've
had
limited
ot
for
for
maintenance
staff
on
on
emergency
calls
and
and
weekend
costs,
even
though
they
do
have
a
little
bit
of
ot
every
week,
but
they
they
alternate
for
the
trash
disposal.
They
have
to
come
in
on
saturday
and
sundays
to
to
do
that.
D
D
D
D
Not
kobe
related,
they
have
passed,
not
kobe,
and
I
haven't
had
with
the
increase
in
kobe
that
we've
recently
had
had
only
had
a
couple
get
sick
vaccinated.
Both
of
them
were
vaccinated
that
the
gentleman
ended
up
in
the
hospital.
The
lady
quarantined
at
home,
they're
good,
now,
they're,
good
and
negative.
So.
E
D
So,
okay
owner's
expense,
we're
good
and
that's
mainly
due
to
audit
or
tax
return
preparations.
Debt
service
is
your
mortgage
and
all
that.
So
that's
in
line
with
budget
with
that
capital.
For
the
month
we
we
ended
up
spending
72
to
17
and
it
was
on
repairs
for
the
ac
to
the
lobby
area
and
for
four
turnovers
four
make
readies
for
bct
flooring.
So
that's
the
overall
variance
report
for
the
month
of
july.
I
do
have
an.
D
D
D
A
E
D
E
H
D
D
E
G
D
G
A
E
F
G
D
C
F
D
D
This
is
the
vacancies.
This
is
the
12
units
that
are
vacant.
I
have
a
one
bedroom,
that's
251
square
feet
bacon.
I
have
two
bacons
that
are
373
square
feet.
I
have
one
two
three
four
bedrooms.
Four
bedrooms
are
already
equal
freely,
so
I
think
this
would
be
good
for
next
month,
the
two
bedrooms,
the
two
bedrooms,
are
easier
to
rent
than
the
studios.
The
studios
are
always
difficult
because
then
you
see
the
size.
G
D
D
D
G
C
D
D
E
D
That's
just
the
restaurant,
and
I
asked
mr
pina
again,
which
is
a
gentleman
that
rents
the
other
two
spaces
because
remember
I
had
mentioned
the
last
time
he
was
interested
in
maybe
a
grocery
store
and
you
were
all
okay
with
at
least
some
income
coming
in.
I
went
ahead
and
touched
faces
with
him
and
he's
saying
that
he
and
he's
going
to
think
about
it.
Every
both
of
my
tenants
there
are
having
are
having
trouble
are
struggling
so
yeah.
D
D
E
F
G
D
C
I
said
it
says
I
wanted
to
follow
up
on
with
you
regarding
the
choice:
the
9
10
21
2021
renewal
proposal
outlining
the
correspondence
below
and
attached,
which
is
the
dominance.
You
have
your
proper
coverage
in
the
capstone
master
insurance
program
in
order
to
secure
coverage.
Please
provide
us
with
your
written
instructions
and
the
attached
sign
proposal,
but
join
the
business
tomorrow
night.
Eighth,
twenty
twenty
one.
E
I
C
Others,
yeah
and
all
they're
saying
on
the
bottom.
There
was
another
email
where
they
were
just
saying.
In
addition
to
the
previous
proposal,
we
have
procured
a
win
and
tail
deduction
buy
down
option
to
take
the
winning
hail
deduction
from
100
000
down
to
25
000..
The
additional
fully
earned
cost
to
do
this
would
be
5060
with
54
cents.
So
that's
one
of
the
increases.
C
I
C
Portion
of
your
of
this
year's
overall
increase
is
due
to
the
carriers
increasing
the
building
value
minimum
up
to
85
dollars.
A
square
foot
18
of
the
total
increase
is
attributed
to
this
increase
in
value.
Please
note:
the
following
changes
is
deduction
deductibles
and
coverage
terms
and
conditions.
One
property
deductible
is
increasing
to
fifty
thousand
two
building
values
increased
to
a
minimum
of
85
dollars
per
square
foot
and
three
limitations
of
public
adjuster
retention.
C
E
E
E
E
A
D
D
A
I
That
would
be
fair
that
we
can
feel
it
and
there's
no
insurance
penalty
on
this.
So
god
forbid,
you
have
a
total
loss.
You
wouldn't
have
a
situation
with
that
and
the
deductibles
we
have.
The
only
difference
I
can
see
is
our
all
of
the
apparel
on
ours
is
10
000
with
them
it's
twenty
five
thousand.
The
only
thing
I
could
not
get
was
a
buy
down
on
the
wind
and
hail,
so
I
am
at
two
percent.
That's
the
only
difference
I
have
from
them
that
where
they
they
beat
me,
but
everything
else.
G
I
I
C
I
I'm
working
on
it
in
riverside
last
year
and
I
wasn't
able
to
beat
it
out,
but
this
time
they
gave
me
they
gave
more
of
a
chance
for
the
same
reason
that
they
don't
want
to
end
up
with
just
one
proposal
and
be
at
the
mercy
of
just
whatever
you're
getting
right.
So
I
mean
this
is
a.
This
is
a
pretty
good
proposal
compared
to
what
you
have
the
only
thing
I
see
once
again
and
and
I'm
not
here,
I
can't
you
know
criticize
what
they've
sent
you
or
do
anything
like
that.
I
But
that's
the
only
thing
I
can
see
that
the
wind
and
hail-
I
am
at
two
percent,
which
they
have
a
hundred
thousand,
but
they
can
get
a
buy
down
and
they
will
increase
your
premium
for
it.
I
was
not
able
to
secure
that.
I
did
try
to
get
a
buy
down
to
see
if
I
could
be
competitive
with
that,
but
that
was
the
only
thing
I
could
not
get
done
everything
else
once
again,
the
auto
the
peril,
which
is
the
one
you
would
be
using
more
often
I'm
only
at
10
they're.
H
I
I
mean
that
could
be
very
bad.
It
can
be
very
broad
because
it
could
be,
and
I'm
just
going
to
give-
I
mean
a
scenario
where
massive
storm
knocks
out
all
your
windows,
or
you
know
it
would
have
to
be
something
like
that
now
hail
damage.
What
kind
of
helping
I
mean,
only
the
windows
other
than
that,
because
they'll
be
out
really
break
and
the
roof
of
course,
which
is
punishment,
but
even
at
their
deductible.
I
C
I
F
F
I
D
G
C
C
I
Thing
coming
with
this
type
of
this
type
of
coverage
is
when
it's
commercial.
It
works
a
little
bit
different
than
personal
lines,
where
capstone
manages
a
whole
bunch
of
companies,
and
this
is
a
reason
that
I
wanted
to
start
early
on
and
I'm
glad
you
gave
me
that
chance
when
they
start
submitting
to
these
carriers,
they
block
everybody
else.
I
So
I
don't
have
an
opportunity
to
go
to
a
certain
companies
and
since
they
manage
so
many
properties
when
we
capstone
walks
in
it
doesn't
matter
if
they're
asking
for
the
hamilton
vote,
they
won't
quote
me
so
that
caused
the
situation
and
they
kind
of
corner
off
the
market.
So
you
really
don't
have
too
many
options.
That's
what
I
need
to
support.
I
That's
happened
to
me
a
lot,
and
especially
with
this
type
of
thing,
and
that's
why
they
have
such
a
firm
grip
and
then,
when
you
call
other
people,
they
ask
you:
when
is
it
you
and
you
tell
them
it's
30
days,
they're
not
even
going
to
help
you
because
they
know
they've
been
blocked,
and
this
takes
a
lot
of
paperwork,
a
lot
of
applications.
They
figure
out
we're.
F
C
It's
because,
at
the
end
of
the
day,
remember
the
city:
we
we're
just
the
liaisons
to
facilitate
the
meaning.
The
management
company
is
capstone,
so
they
should
be
bringing
to
you
this
best
option
to
the
board
and
and
they're
bringing
you
the
options
that
they
have,
but
are
they
quoting
it?
Are
they
putting
that
out?
There.
I
And
I
believe
that
if
I
work
on
this,
I
mean
it
comes
up.
What
september
I
say
start
somewhere
in
july,
I
can
probably
and
I'll
give
you
all
of
us
a
fair
chance
to
get
something
sufficiently
better,
but
it
has
to
be
done
that
way.
I
need
to
get
ahead
of
the
capstone
because
don't
order
the
market
that's
been.
G
A
I
I
I
E
C
I
G
E
Versus
137
is
that
let's
say
you
go
with
if
you
go
with
the
other
one
and
you
have
a
total
loss
or
whatever
you're
underinsured
and
then,
if
whatever
they
pay
out
they're
going
to
be
the
20.
Because
that's
what
the
penalties,
because
you
knew
that
you
should
have
been
insuring
it
for
more
and
make
sure
there's
less.
C
C
I
But
I
think,
if
you
go
to
the
other
thing,
is
you
could
have
a
tenant
that'll
decide.
You
know,
he's
gonna,
destroy
your
walls
and
do
things
like
that.
Yeah,
you
never
know
it's
always
better
to
just
open
the
plane,
because
it
is
expensive
to
repair
a
bunch
of
things
that
you
never
know
and
like
you
might
need
it
right
now.
C
I
G
C
I
C
G
A
A
H
I
There's
on
the
second
page,
if
you
want
to
include
terrorism
and
equipment
breakdown,
there
is
a.
There
is
a
an
additional
premium
of
1950,
a
thousand
nine
fifty
and
a
thousand
two
seventy
three.
What
is
terrorism?
Terrorism
would
include
any
act
of
terrorism.
Whatever
could
would
be
being
terrorism,
it
would
cover
that.
E
I
G
I
I
F
G
D
D
Day,
they're
happy,
so
I
I
I
don't
have
I
mean
it's
like
complaining
of
dust
and
stuff,
I'm
thinking
the
lady
already
has
I.
I
know
she's
got
some
type
of
eye
disease,
she
mentioned
it
and
I
guess
anything
bothers
her
and
she
has
an
air
purifier
in
her
room
because
I
I
I
walked
with
mr
walker
and
he
the
air
purifier,
was
on.
He
checked.
He
I
mean
everything
was
clean.
D
D
C
I
did
out
to
to
our
local
department
to
to
see
if
they
could
assist
me
in
reviewing
the
management
agreement
you
have
with
the
well,
you
have
with
capstone
and
ask
the
hamilton,
housing
partners
and
your
act
of
the
agreement,
also
that
you
have
with
hud
right
for
the
section
too
too
long,
so
we
have
different
options
that
we
consider.
I
know
david
hub
david.
C
He
is
our
assigned
attorney
for
our
department,
so
he
helped
me
review
some
of
you
know
the
structure
of
your
your
board
and-
and
it
looks
like
we
there's
different
things
that
you
all
might
want
to
be
aware
of,
or
steps
that
you
often
take.
But
you
know
any
any
agreement
you
have
with
capstone
does
require
that
right
now
it's
a
30-day
notice
only
that
they
would
need
to
get
if
you
do
decide
to
change
management
companies.
G
C
Now,
let's
say,
and
if
this
was
to
happen-
and
you
would
want
the
city
to
take
over
the
management,
we
could
do
it
in
different
ways.
They
would.
The
city
could
be
entering
to
an
agreement
and
and
manage
to
manage
the
building
for
you,
of
course.
That
would
be
the
what
we
would
let
know
or
if
the
wish
of
the
board
is
to
dissolve
the
corporation
all
together
to
sell
the
corporation,
dissolve
the
partnership
and
then
just
revert
assets
to
the
city.
That
is
another
option.
I
believe
that
you
all
can
also
so.
G
C
C
E
B
A
A
A
The
dissolution
of
that
l,
housing
finance
will
be,
of
course,
done
depending
on
how
the
timings
and
the
timelines
that
they
give
us
in
order
to
to
do
the
process.
The
good
thing
is
that
right
now,
capstone
isn't
a
month
to
not.
So
if
it
takes
three
months,
it's
only
three
months
that
we're
going
to
be
paying
capstone
if
it
takes
longer
than
that
at
least,
we
know
we're
on
a
month-to-month
basis
with
them.
A
C
B
B
C
Would
I
would
suggest
and
correct
me
if
I'm
I'm
not
if
I'm
off,
but
I
would
suggest
that
maybe
a
motion
right
now
by
the
board
for
the
city
and
and
it
can
come
from
a
letter
from
the
board.
You
know
motion
to
present
this
as
a
formal
request
to
the
city,
your
intentions,
to
to
dissolve
the
corporation
and
revert
the
assets,
and
then
we
can
come
back
with
and
we
could
have
a
special
meeting.
We
don't
have
to
wait.
You
know
the
two
months
that
you
all
meet.
C
We
can
come
back
in
a
special
meeting
and-
and
I
could
give
you
to
you
that
you
all
feel
comfortable.
Yes,
this
is
a
city
responding
that
they
are
interested
now
I'll
check
with
you.
I
don't
know
if
that
response
will
could
come
from
the
city
manager
would
have
to
be
presented
to
council,
maybe
as
a
council
action.
C
C
E
E
C
And
I
can
present
it
to
council,
maybe
one
some
of
the
board
wants
to
show
up
to
the
council
that
you
know
give
a
presentation
or
I
could
give
it
on
behalf
of
the
board
and
you
all.
Let
us
let
me
know
how
that
could
work,
and
then
you
know
once
you
you
know
for
sure
you
know
you
get
that
official
response
from
the
city
saying.
Yes,
we
are
ready
to
take
this
over
and
then
we
just
follow
the
steps
we
then
we,
you
have
a
commitment
from
the
city.
C
F
F
C
This
is,
it
is
very
similar
to
what
we
we
we
are
tied
to
in
other
grants
that
we
have
so
we
are
already
managing
other
hud
properties,
not
until
too
long,
but
we
are
we're
actually
going
to
pursue
a
section
108
loan
which
is
similar
and
they
have
to
improve
our
management
style,
and
you
know
capacity
and
stuff
like
that.
So
I
don't
foresee
them
seeing
an
issue.
I
think
they
they
word
it
this
way,
because
they
wouldn't,
they
would
see
an
issue
of
yourself
you're,
giving
another
non-profit.
C
A
One
of
the
things
that
we
we
need
to
take
in
consideration
if
we
have
another
year
elected
we're
going
to
run
out
of
money
in
a
year
and
a
half,
so
we
we
and
I'm
saying
we-
that
our
housing
finance
corporation
do
not
have
the
financial
strength
that
is
going
to
keep
this
going.
If
things
continue,
the
way
you
are
and.