1. Approve the minutes of the August 5, 2010 Board meeting of the Austin Housing Finance Corporation. 2. Approve a resolution to approve Austin Housing Finance Corporation’s 2010 Housing Finance Corporation Annual Report and authorize the Acting Treasurer to submit the Annual Report as required by Texas Local Government Code Section 394.027, to the Texas Department of Housing and Community Affairs. 3. Authorize the negotiation and execution of an amendment to an existing loan agreement increasing funding by $200,000 for a total loan amount not to exceed $2,200,000 to COMMUNITY PARTNERSHIP FOR THE HOMELESS, INC., to facilitate completion of the rehabilitation of 46 units of multi-family housing located at 5800 Sweeney Circle and 5711 Manor Road, to serve as affordable rental housing with supportive services to low-income families. 4. Authorize the negotiation and execution of an amendment to an existing loan agreement increasing funding by $225,000 for a total loan amount not to exceed $2,475,000 to MARY LEE COMMUNITY, or its affiliate, to facilitate completion of a 64-unit affordable rental housing development for low-income families and individuals with special needs at 1330 Lamar Square Drive.
Aug 26, 2010 Austin Housing Finance Corporation
1. Approve the minutes of the August 5, 2010 Board meeting of the Austin Housing Finance Corporation. 2. Approve a resolution to approve Austin Housing Finance Corporation’s 2010 Housing Finance Corporation Annual Report and authorize the Acting Treasurer to submit the Annual Report as required by Texas Local Government Code Section 394.027, to the Texas Department of Housing and Community Affairs. 3. Authorize the negotiation and execution of an amendment to an existing loan agreement increasing funding by $200,000 for a total loan amount not to exceed $2,200,000 to COMMUNITY PARTNERSHIP FOR THE HOMELESS, INC., to facilitate completion of the rehabilitation of 46 units of multi-family housing located at 5800 Sweeney Circle and 5711 Manor Road, to serve as affordable rental housing with supportive services to low-income families. 4. Authorize the negotiation and execution of an amendment to an existing loan agreement increasing funding by $225,000 for a total loan amount not to exceed $2,475,000 to MARY LEE COMMUNITY, or its affiliate, to facilitate completion of a 64-unit affordable rental housing development for low-income families and individuals with special needs at 1330 Lamar Square Drive.