From the Desk of Cedric Hernandez, State Program Manager

The NTHDC team would like to wish everyone a Merry Christmas and Happy New Year. This is a wonderful time of year to spend with family and friends. I speak for all our staff when I say it has truly been a pleasure working as your PBCA in 2012. I am excited to succeed Shawn Steen in the role of State Manager and look forward to what is ahead. As State Manager I will be responsible for the day-to-day operations of the PBCA.

Shawn Steen will remain involved in the Florida PBCA engagement as Director of Operations and will continue to work closely with me and Don Shea, Director. Since starting with NTHDC in 2005, I have had the pleasure of working with many of you. For those who I have not met, I look forward to that opportunity.

While things are going well, the continued uncertainty of the PBCA landscape cannot be ignored. NTHDC received a three month extension which extends the current PBCA term to March 31, 2013. In addition, there are seven additional extension for three months each available to HUD. If HUD chooses to exercise all seven extensions the current PBCA contract would run through December 31, 2014. We fully expect further delays as the legal process runs its course. We will keep you informed of any further developments.

I hope everyone gets the opportunity to relax and enjoy this time of the year. Best wishes to all for a wonderful Holiday Season.

Happy Holidays.

Cedric Hernandez
NTHDC State Manager, Florida & U.S. Virgin Islands