Building Investment, Finance and Audit Committee

Building Investment, Finance and Audit Committee

​​​​​​​​​​​​​​Chair​​:​​

Adele Imrie

Committee ​​Secretary:

Sonia Fung
416-981-4286
Sonia.Fung@torontohousing.ca

​Members:​​

Nick Macrae (Vice-Chair)

Councillor Vincent Crisanti
John Campbell
Naram Mansour
Brian Smith
Mohammed Mominul Haque 
Chair of the Board (voting ex-officio member)

​Executive leads:

Chief Financial Officer and Treasurer, Vacant
Jessica Hawes, Acting Chief Development Officer
Allen Murray, Vice President, Facilities Management


Mandate:

​The Building Investment, Finance and Audit Committee (BIFAC) is established as a committee of the Board of Directors of Toronto Community Housing to assist the Board in fulfilling its responsibilities in respect of:
  • Capital Funds and investments (with an Advisory Committee, if needed)
  • Capital projects, real property and building revitalization
  • Building state of repair and environmental sustainability
  • Budget, Financial Reporting and Financial Statements
  • Internal Audit, Accounting Systems and Internal Controls
  • External Audits
  • Financial Compliance
  • Financial and Fraud Risk
  • Information Technology
  • Oversight of Internal Audit
  • Enterprise Risk Management
  • Delegated Financial Authority: $5 million


Investment Advisory Committee:

Members


The Investment Advisory Committee (IAC) is established as an advisory committee to the Building Investment, Finance and Audit Committee. The purpose of the Investment Advisory Committee is to assist the Building Investment, Finance and Audit Committee in fulfilling its responsibilities in respect of Capital Funds and Investments. Read the Investment Advisory Committee Charter (PDF)​.

Meeting frequency:​

  • The BIFAC meets at least quarterly.
  • Both the BIFAC and the IAC convene such additional meetings as may be required.
  • The IAC meets at least twice a year

Charter:

Please see the BIFAC committee charter (PDF​)​ for more information about this committee, including its responsibilities and authority.​

Notice of appointment:

Toronto Community Housing's (TCHC) Building Investment, Finance and Audit Committee has confirmed the appointment of two new members to its Investment Advisory Committee. Jing Lu and Martha Tredgett, who assumed their roles on September 2, 2021.

Ms. Lu and Ms. Tredgett have joined Committee Chair Nick Macrae, TCHC President and CEO Jag Sharma and Board members Adele Imrie and Martin Willschick on the Investment Advisory Committee.  


Board meetings:

Visit the event calendar​ to see upcoming committee meetings.