CALIFORNIA AFFORDABLE HOUSING INITIATIVES, INC.

TO: Chair Moses L. Mayne, Jr.

Vice Chair Gregory D. Hartwig

Director Eric Johnson

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NOTICE OF SPECIAL BOARD MEETING

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In accordance with Article III, Section 7, of the Bylaws of the California Affordable Housing Initiatives, Inc., NOTICE IS HEREBY GIVEN that a Special Meeting of the Board of Directors will be held as follows:

BOARD OF DIRECTORS MEETING

WEDNESDAY, APRIL 20, 2010 AT 11:30 A.M.

At the Oakland Housing Authority, 1619 Harrison St., Oakland, California in the 2nd Floor Executive Conference Room.

AGENDA

I.  Roll Call

II.  Modifications to the Agenda

(Allows for any change in the order of business or the announcement of the postponement or continuation of agenda items.) The Board can only take action on items listed on this agenda unless a finding is made that an emergency exists or a need arose after agenda posting.

III.  Approval of Minutes

A.  Regular Meeting of January 24, 2011

IV.  New Business

A.  Consideration for Approval FY 2010/11 Budget

B.  Consideration for Approval FY 2009/10 Audit

C.  Briefing on Quarterly Financials

D.  Update on Rebid for Contract Administration of the State of California

E.  Update on 2010 Annual Compliance Review

F.  Discussion on authorizing the formation of a nonprofit public benefit corporation to lease from the Oakland Housing Authority (OHA) family scattered site units and oversee management of those properties pursuant to a HUD approved lease agreement.

G.  Discussion on authorizing the formation of a nonprofit public benefit corporation to lease from OHA five senior properties upon HUD approval of the pending application for disposition of these sites and oversee management of those properties pursuant to a HUD approved lease agreement.

V.  Recognition of persons wishing to address the Board

VI.  Written Communications

VII.  Announcements

VIII.  Adjournment

CALIFORNIA AFFORDABLE HOUSING INITIATIVES, INC.

By: ______

LeeAnn Farner, Secretary