Approval of Minutes 1. Approve the minutes of the March 3, 2011 Board meeting of the Austin Housing Finance Corporation. Consent 2. Approve a modification to motion No. 20101209-AHFC007, which authorized negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or its affiliate organization, in an amount not to exceed $2,000,000 to assist with the rehabilitation, conversion and operation of the property located at 2501 South Interstate Highway 35 into a 120-unit single-room occupancy housing facility for qualifying individuals, to include authorization to transfer ownership of the property from FOUNDATION COMMUNITIES, INC., or its affiliate organization, to the Austin Housing Finance Corporation for the purpose of leasing the property to FOUNDATION COMMUNITIES, INC., or its affiliate organization. 3. Approve a resolution appointing Karen Kennard to the position of General Counsel of the Austin Housing Finance Corporation. 4. Approve a resolution authorizing Elizabeth A. Spencer, Treasurer for the Austin Housing Finance Corporation, to sign all contracts concerning affordable housing programs with the Texas Department of Housing and Community Affairs on behalf of the Board of Directors and the General Manager.
May 12, 2011 Austin Housing Finance Corporation
Approval of Minutes 1. Approve the minutes of the March 3, 2011 Board meeting of the Austin Housing Finance Corporation. Consent 2. Approve a modification to motion No. 20101209-AHFC007, which authorized negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or its affiliate organization, in an amount not to exceed $2,000,000 to assist with the rehabilitation, conversion and operation of the property located at 2501 South Interstate Highway 35 into a 120-unit single-room occupancy housing facility for qualifying individuals, to include authorization to transfer ownership of the property from FOUNDATION COMMUNITIES, INC., or its affiliate organization, to the Austin Housing Finance Corporation for the purpose of leasing the property to FOUNDATION COMMUNITIES, INC., or its affiliate organization. 3. Approve a resolution appointing Karen Kennard to the position of General Counsel of the Austin Housing Finance Corporation. 4. Approve a resolution authorizing Elizabeth A. Spencer, Treasurer for the Austin Housing Finance Corporation, to sign all contracts concerning affordable housing programs with the Texas Department of Housing and Community Affairs on behalf of the Board of Directors and the General Manager.