Approval of Minutes 1. Approve the minutes of the August 2, 2012 and September 10, 2012 Board meetings of the Austin Housing Finance Corporation. Consent 2. Approve a resolution amending the Fiscal Year 2012-2013 Austin Housing Finance Corporation Grant Operating Budget (Resolution No. 20120910- AHFC001) to authorize additional expenditures of $287,930 for a total of $6,102,960. 3. Authorize the negotiation and execution of a one-year service agreement with the City of Austin to manage and operate various housing programs on the City’s behalf during Fiscal Year 2012-2013 using funds received by the City from the U. S. Department of Housing and Urban Development, in addition to local City of Austin funds, in an amount not to exceed $6,102,960. 4. Authorize the negotiation and execution of a one-year contract with the HOUSING AUTHORITY OF THE CITY OF AUSTIN in an amount not to exceed $527,000 to fund and administer the Tenant-Based Rental Assistance Program to provide housing opportunities through subsidies to homeless families. 5. Authorize the negotiation and execution of a one-year contract with the AUSTIN AREA URBAN LEAGUE in an amount not to exceed $1,000, 000 to fund and administer the Emergency Home Repair Program. 6. Authorize an increase of $375,710 to an existing loan to the MARY LEE COMMUNITY, an affiliate of the Mary Lee Foundation, for a total loan amount not to exceed $2,001,710 to assist with the development and construction of 40 new affordable units of multi-family rental housing at 1340 and 1342 Lamar Square Drive. 7. Authorize an increase of $50,000 to an existing loan to the GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION, for a total loan amount not to exceed $1,550,000 to assist with the development of the Guadalupe-Saldaña Net Zero Subdivision. Adjourn
Sep 27, 2012 Austin Housing Finance Corporation
Approval of Minutes 1. Approve the minutes of the August 2, 2012 and September 10, 2012 Board meetings of the Austin Housing Finance Corporation. Consent 2. Approve a resolution amending the Fiscal Year 2012-2013 Austin Housing Finance Corporation Grant Operating Budget (Resolution No. 20120910- AHFC001) to authorize additional expenditures of $287,930 for a total of $6,102,960. 3. Authorize the negotiation and execution of a one-year service agreement with the City of Austin to manage and operate various housing programs on the City’s behalf during Fiscal Year 2012-2013 using funds received by the City from the U. S. Department of Housing and Urban Development, in addition to local City of Austin funds, in an amount not to exceed $6,102,960. 4. Authorize the negotiation and execution of a one-year contract with the HOUSING AUTHORITY OF THE CITY OF AUSTIN in an amount not to exceed $527,000 to fund and administer the Tenant-Based Rental Assistance Program to provide housing opportunities through subsidies to homeless families. 5. Authorize the negotiation and execution of a one-year contract with the AUSTIN AREA URBAN LEAGUE in an amount not to exceed $1,000, 000 to fund and administer the Emergency Home Repair Program. 6. Authorize an increase of $375,710 to an existing loan to the MARY LEE COMMUNITY, an affiliate of the Mary Lee Foundation, for a total loan amount not to exceed $2,001,710 to assist with the development and construction of 40 new affordable units of multi-family rental housing at 1340 and 1342 Lamar Square Drive. 7. Authorize an increase of $50,000 to an existing loan to the GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION, for a total loan amount not to exceed $1,550,000 to assist with the development of the Guadalupe-Saldaña Net Zero Subdivision. Adjourn