Approval of Minutes 1. Approve the minutes of the March 8, 2012 Board meeting of the Austin Housing Finance Corporation. Consent 2. Approve a resolution amending the Fiscal Year 2011-2012 Austin Housing Finance Corporation Grant Operating Budget (Resolution No. 20110912-AHFC001) to appropriate $1,071,839 from the Housing Trust Fund for housing and community development programs including the Housing Developer Assistance program. 3. Authorize negotiation and execution of Amendment No. 1 to the Fiscal Year 2011 - 2012 Service Agreement with the City of Austin for the Housing Trust Fund in the amount of $1,071,839 for a total contract amount not to exceed $7,692,409. 4. Authorize the negotiation and execution of a loan to the GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION in an amount not to exceed $600,000 for the development of eight rental units (four duplexes) in the Guadalupe-Saldaña Subdivision to serve low-income residents, including disabled persons and senior citizens. 5. Authorize the negotiation and execution of a loan to LIFEWORKS AFFORDABLE HOUSING CORPORATION, an affiliate of Youth and Family Alliance doing business as LifeWorks, in an amount not to exceed $600,000 for the purpose of developing 45 rental units at 835 North Pleasant Valley Road to provide housing and services, as needed, for LifeWorks’ clients, including youth who would otherwise be homeless, teen parent families, as well as permanent supportive housing for youth aging out of foster care. 6. Approve a resolution reappointing Humberto Lumbreras, Director, on the Boards of Directors for the Arbors at Creekside Non-Profit Corporation, the Austin Inner-City Redevelopment Corporation, the Villas on Sixth Non-Profit Corporation, and the AHFC Village on Little Texas Non-Profit Corporation for terms beginning on May 1, 2012, expiring on July 28, 2013. Adjourn
Apr 05, 2012 Austin Housing Finance Corporation
Approval of Minutes 1. Approve the minutes of the March 8, 2012 Board meeting of the Austin Housing Finance Corporation. Consent 2. Approve a resolution amending the Fiscal Year 2011-2012 Austin Housing Finance Corporation Grant Operating Budget (Resolution No. 20110912-AHFC001) to appropriate $1,071,839 from the Housing Trust Fund for housing and community development programs including the Housing Developer Assistance program. 3. Authorize negotiation and execution of Amendment No. 1 to the Fiscal Year 2011 - 2012 Service Agreement with the City of Austin for the Housing Trust Fund in the amount of $1,071,839 for a total contract amount not to exceed $7,692,409. 4. Authorize the negotiation and execution of a loan to the GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION in an amount not to exceed $600,000 for the development of eight rental units (four duplexes) in the Guadalupe-Saldaña Subdivision to serve low-income residents, including disabled persons and senior citizens. 5. Authorize the negotiation and execution of a loan to LIFEWORKS AFFORDABLE HOUSING CORPORATION, an affiliate of Youth and Family Alliance doing business as LifeWorks, in an amount not to exceed $600,000 for the purpose of developing 45 rental units at 835 North Pleasant Valley Road to provide housing and services, as needed, for LifeWorks’ clients, including youth who would otherwise be homeless, teen parent families, as well as permanent supportive housing for youth aging out of foster care. 6. Approve a resolution reappointing Humberto Lumbreras, Director, on the Boards of Directors for the Arbors at Creekside Non-Profit Corporation, the Austin Inner-City Redevelopment Corporation, the Villas on Sixth Non-Profit Corporation, and the AHFC Village on Little Texas Non-Profit Corporation for terms beginning on May 1, 2012, expiring on July 28, 2013. Adjourn