Calendar of Events

Webinars for Wise Nonprofits: Getting Your House in Order: Governance for HDFCs

Housing development fund corporations ("HDFCs") are typically formed by, and affiliated with, another sponsoring nonprofit organization ("Sponsor"). While the Sponsor might be vigilant about taking care of its governance, experience has shown that Sponsors often do not adhere to governance guidelines for their HDFCs. This webinar will focus specifically on the role of the Sponsor in forming the HDFC and the role of the Board of Directors in ensuring that the HDFC's corporate governance is consistent with best practices. It will also address how a Sponsor establishes control of the HDFC. The webinar topics will include a discussion on fiduciary duties and obligations of HDFC directors under federal and state laws, measures that principals in an HDFC can implement to ensure adequate corporate accountability, and procedural aspects of running an HDFC Board.

Learning Objectives: Participants will receive advice on how to establish procedures to efficiently run multiple affiliated entities and will be able to keep HDFCs in compliance with federal and state law.

For board members, executive directors, management and executive staff.

Presenter: Hedwig O’Hara, Senior Staff Attorney