Board of Directors

The Chicago Low-Income Housing Trust Fund is a 501(c)(3) nonprofit corporation. The Board of Directors provides oversight and direction for the organization, sets policy, establishes the budget and monitors expenditures.

The Board of Directors is comprised of 15 individuals who live in the City of Chicago, have diverse backgrounds and expertise and represent non-profit organizations, private corporations and City government. They are appointed by the Mayor of the City of Chicago and confirmed by City Council.

The Board meets monthly and there are four committees of the Board: Allocations, Executive, Finance and Outreach.

Board Calendar

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OFFICERS

Andrew Geer

President, Board Member since 2020

Blue Eddy Community Advisors, LLC

Arshele Stevens

Secretary, Board Member since 2020

Catholic Charities of Chicago

Vicky Arroyo

Treasurer, Board Member since 2022

BMO NA

DIRECTORS

Beth Horwitz

Board Member Since 2020

All Chicago Making Homelessness History

Bishop Horace E. Smith M.D.

Board Member since 2015

Pastor, Apostolic Faith Church Pediatrician, Ann & Robert H. Lurie Children’s Hospital of Chicago

Jacqueline C. Edens

Board Member since 2018

CEO, The Inner Voice, Inc.

Emilio Carrasquillo

Board Member since 2020

Director, Spanish Coalition for Housing

Board Committees

Allocations Committee

Purpose: To review applications and requests, making recommendations for funding through Trust Fund programs and special initiatives.

Specific functions:

To establish an annual framework for spending funds
To review all potential rental subsidy, MAUI and other programmatic funding issues before the Board
To provide recommendations to the Board on funding requests within budget guidelines
To discuss other long-term issues related to spending for programs
To undertake other tasks related to the committee’s purpose or as assigned by the Board

Executive Committee

Purpose:

To act on behalf of the Board of Directors in between meetings of the Board (Note: All actions of this committee must be ratified by the full Board at the next meeting of the Board.)
To support and advise the Executive Director, as needed
To enhance the quality and future viability of the Board of Directors

Composition: Officers of the organization

Specific functions:

To discuss and approve allocations for the Rental Subsidy and MAUI related issues or other issues per any emergency need
To participate in the selection of the Executive Director
To provide support and to be a sounding board to the Executive Director on an as needed basis
To annually provide input to the performance and job targets of the Executive Director and to make recommendations to the Board based upon a thorough performance review
To undertake such other matters having time urgency that must be dealt with between regular Board meetings
To provide on-going Board development and education
To annually assess Board effectiveness and leadership

Finance and Audit Committee

Purpose: To review all major financial matters and regularly review all proposed budgets, financial statements, audits and proposals for major transactions.

Chair: Vicky Arroyo

Specific functions:

To review monthly financial reports
To review and recommend any actions or modifications to the budget as needed throughout the year through regular review of the financial reports
To review and recommend the annual budget
To develop with staff and financial consultants all necessary policies to guide the work of the organization
To periodically review the performance and relationship with bank, investment manager, auditor and any other agreement for contractual services
To review and recommend specific investment strategies for the Corpus and Investment Account brought by the Investment Manager
To recruit and select the person / firm to conduct the annual audit
To review the audit report and findings of the auditor
To undertake other tasks related to the committee’s purpose

Outreach Committee

Purpose: To develop public information about the Trust Fund.

Specific functions:

To review and provide direction for educational and outreach materials for the Trust Fund including the website, newsletter and other public information tools
To provide input to staff related to media releases as needed
To disseminate information about the Annual Meeting
To provide input to staff and Board regarding Springfield-based lobbyist, a reporting procedure for State lawmakers and staff on Trust Fund work and accomplishments (Note: Hours worked will not exceed the level permissible by law.)
Undertake other tasks related to the committee’s purpose