Consent 1. Approve the minutes of the March 6, 2014 and April 17, 2014 Board meetings of the Austin Housing Finance Corporation. 2. Authorize the negotiation and execution of a loan agreement with TMG-TX Austin II, L.P. to loan an amount not to exceed $2,000,000 to TMG-TX Austin II, L.P. for the acquisition of Cross Creek Apartments, located at 1124 Rutland Drive, within the boundaries of the Restore Rundberg Revitalization Area, for the rehabilitation and preservation of the affordable residential units and for making other improvements to the land. 3. Authorize negotiation and execution of an assignment and assumption of indebtedness agreement with FC SW Housing, LP to assume a loan originally made to Foundation Communities, Inc. for the development of the Homestead Oaks Apartments at 3226 West Slaughter Lane. 4. Authorize the negotiation and execution of a loan in an amount not to exceed $1 million to FC SW Housing, LP, to assist with the construction of new affordable multi-family rental housing to be known as the Homestead Oaks Apartments, located at 3226 West Slaughter Lane. Adjourn
Jun 12, 2014 Austin Housing Finance Corporation
Consent 1. Approve the minutes of the March 6, 2014 and April 17, 2014 Board meetings of the Austin Housing Finance Corporation. 2. Authorize the negotiation and execution of a loan agreement with TMG-TX Austin II, L.P. to loan an amount not to exceed $2,000,000 to TMG-TX Austin II, L.P. for the acquisition of Cross Creek Apartments, located at 1124 Rutland Drive, within the boundaries of the Restore Rundberg Revitalization Area, for the rehabilitation and preservation of the affordable residential units and for making other improvements to the land. 3. Authorize negotiation and execution of an assignment and assumption of indebtedness agreement with FC SW Housing, LP to assume a loan originally made to Foundation Communities, Inc. for the development of the Homestead Oaks Apartments at 3226 West Slaughter Lane. 4. Authorize the negotiation and execution of a loan in an amount not to exceed $1 million to FC SW Housing, LP, to assist with the construction of new affordable multi-family rental housing to be known as the Homestead Oaks Apartments, located at 3226 West Slaughter Lane. Adjourn