Consent 1. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,000,000 for a 120-unit affordable, single room occupancy development to be known as Bluebonnet Studios, and located at 2301 South Lamar Boulevard. 2. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,805,000 for a 170-unit affordable, multi-family rental development to be known as Cardinal Point Apartments, located at 11108 and 11300 Zimmerman Lane. 3. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $1,250,000 for a 60-unit affordable, multi-family rental development to be known as Southwest Trails, Phase II, and located at 8500 U.S. Highway 71. 4. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to DDC Merritt Lakeline Station, Ltd. in an amount not to exceed $2,200,000 for a 200-unit mixed-income, multi-family rental development to be known as Merritt Lakeline Station Apartments, and located at 10701 Lakeline Mall Drive. 5. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,475,000 for a 150-unit affordable, multi-family rental development to be known as Rutledge Spur Apartments, and located at the northeast corner of Rutledge Spur & RM 620. Adjourn
Feb 13, 2014 Austin Housing Finance Corporation
Consent 1. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,000,000 for a 120-unit affordable, single room occupancy development to be known as Bluebonnet Studios, and located at 2301 South Lamar Boulevard. 2. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,805,000 for a 170-unit affordable, multi-family rental development to be known as Cardinal Point Apartments, located at 11108 and 11300 Zimmerman Lane. 3. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $1,250,000 for a 60-unit affordable, multi-family rental development to be known as Southwest Trails, Phase II, and located at 8500 U.S. Highway 71. 4. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to DDC Merritt Lakeline Station, Ltd. in an amount not to exceed $2,200,000 for a 200-unit mixed-income, multi-family rental development to be known as Merritt Lakeline Station Apartments, and located at 10701 Lakeline Mall Drive. 5. Approve the negotiation and execution of a loan agreement, subject to the award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs, to Foundation Communities, Inc. in an amount not to exceed $2,475,000 for a 150-unit affordable, multi-family rental development to be known as Rutledge Spur Apartments, and located at the northeast corner of Rutledge Spur & RM 620. Adjourn