2008 CAPER Tables - MFA - Housing New Mexico

Goal 3 - Ensure Profitability and sustainability
Strategies
6 1-Increase General Fund revenues at a rate greater than the increase in Operating Strategy Target Date
Expenses.
Revenues decreased .8% while expenses decreased 1% as of 9/30/08, resulting in a decrease in Status Not Met
revenue from prior year.
2-Identify funding sources for new program initiatives.
Strategy Target Date
Discussion with State on Neighborhood Stabilization Program funds. Reviewed possibility of funds Status Met
from DOE for Brownfield's Reclamation. Applying for funds through MacArthur Foundation. Applied
for and received funds from RHED and more funds for T & TA. Also looked into Homebuyer
Counseling funds.
3-Evaluate cost/benefit relevant to role in mission before applying for competitive Strategy Target Date
grants.
Evaluated several fundings on a case-by-case issue. Several of which we felt were not appropriate Status
Met
this time such as Brownfield's Reclamation and Federal Home Loan Bank.
4-Housing Opportunity Fund programs will return at least 4.80%.
Strategy Target Date
As of 9/30/08, HOF average return is 4.96%.
5-Identify opportunities for fee increases or new fees.
Conducting research on possible fee generating activities
6-Where possible, obtain administrative fees to cover costs for new programs.
Status Met
Strategy Target Date
Status Caution
Strategy Target Date
National Foreclosure Mitigation Counseling & CDBG included admin for MFA, which should Status cover Met
expenses incurred.
Objective 3 - Total average Assets Under Management will Percent Complete:
Status Met
exceed amount at 9/30/07 by at least 2%.
Comments
All Strategies Met. ET has determined that this Objective has been Met.
Printed Date: 02/26/2009
Average Assets Under
FY07
Threshold
$2,521,461,538
October-07 November-07 December-07 January-08 February-08 March-08 April-08 May-08 June-08 July-08 August-08 September-08
$2,654,06,13 $2,666,869,3 $2,666,869,3 $2,664,415,9 $2,671,745,6 $2,674,081,8 $2,676,959,6 $2,680,216,9 $2,684,717,2 $2,683,944,6 $2,683,762,1 $2,683,156,1
Strategies
6 1-Research and apply for new sources with goal of obtaining more grants, awards, Strategy Target Date
and appropriations for sustainable activities.
Charitable trust application was submitted to IRS in December. A letter of intent was submitted Status to the On Target
MacArthur foundation in January.
2-Maintain funding under existing competitive grant sources.
Strategy Target Date
Applied for RCDI, T&TA and Housing Counseling Grants. All submitted before deadlines and Status were Met
accepted by HUD.
3-Increase current balance sheet assets.
Strategy Target Date
As of 9/30/08, balance sheet assets have decreased $36mm.
Status
Not Met
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