1. Approve the minutes of the June 12, 2014 Board meeting of the Austin Housing Finance Corporation. 2. Approve a resolution reappointing Karen M. Kennard to the position of General Counsel of the Austin Housing Finance Corporation, for a term to expire on May 12, 2017. 3. Approve the negotiation and execution of a loan agreement with Guadalupe Neighborhood Development Corporation for development of transitional housing providing supportive services for low-income, single-parent households completing post-secondary education, in an amount not to exceed $2,000,000. 4. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,000,000 for an affordable, single room occupancy development to be known as Bluebonnet Studios, located at 2301 South Lamar Boulevard. 5. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,475,000 for an affordable rental housing development to be known as Rutledge Spur Apartments, located at the northeast corner of Rutledge Spur & RM 620. 6. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $1,250,000 for an affordable rental housing development to be known as Southwest Trails, Phase II located at 8500 U.S. Highway 71. 7. Approve a resolution authorizing the formation of AHFC 1034 CLAYTON LANE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its certificate of formation, articles of incorporation, and by-laws, and appointing its board of directors and president. 8. Authorize an increase of $300,000 to an existing loan to AUSTIN HABITAT FOR HUMANITY, INC., for the purpose of funding pre-development work on the 14-acre Meadow Lake Subdivision to be developed for homeownership opportunities for low- and moderate-income households, for a total loan amount not to exceed $942,896. 9. Authorize the negotiation and execution of an agreement between the AUSTIN HOUSING FINANCE CORPORATION and the CESAR CHAVEZ FOUNDATION related to a proposal to acquire, rehabilitate, and preserve affordable rental housing at the Timbers Apartments at 1034 Clayton Lane. 10. Approve an inducement resolution for private activity bond financing to be submitted to the TEXAS BOND REVIEW BOARD for an allocation of up to $8 million in private activity volume cap multi-family non-recourse bonds for the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane, by the bond financing applicant, Timbers Clayton 104 Apartments, L.P., San Antonio, Texas, or its affiliate. 11. Set a public hearing to receive public input on the issuance of up to $8 million of private activity volume cap multi-family housing non-recourse bonds to finance the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane. (Suggested date and time, August 28, 2014, 3:00 p.m. at Travis County Commissioners Court, 700 Lavaca Street, Austin, TX.) Adjourn
Aug 07, 2014 Austin Housing Finance Corporation
1. Approve the minutes of the June 12, 2014 Board meeting of the Austin Housing Finance Corporation. 2. Approve a resolution reappointing Karen M. Kennard to the position of General Counsel of the Austin Housing Finance Corporation, for a term to expire on May 12, 2017. 3. Approve the negotiation and execution of a loan agreement with Guadalupe Neighborhood Development Corporation for development of transitional housing providing supportive services for low-income, single-parent households completing post-secondary education, in an amount not to exceed $2,000,000. 4. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,000,000 for an affordable, single room occupancy development to be known as Bluebonnet Studios, located at 2301 South Lamar Boulevard. 5. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,475,000 for an affordable rental housing development to be known as Rutledge Spur Apartments, located at the northeast corner of Rutledge Spur & RM 620. 6. Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $1,250,000 for an affordable rental housing development to be known as Southwest Trails, Phase II located at 8500 U.S. Highway 71. 7. Approve a resolution authorizing the formation of AHFC 1034 CLAYTON LANE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its certificate of formation, articles of incorporation, and by-laws, and appointing its board of directors and president. 8. Authorize an increase of $300,000 to an existing loan to AUSTIN HABITAT FOR HUMANITY, INC., for the purpose of funding pre-development work on the 14-acre Meadow Lake Subdivision to be developed for homeownership opportunities for low- and moderate-income households, for a total loan amount not to exceed $942,896. 9. Authorize the negotiation and execution of an agreement between the AUSTIN HOUSING FINANCE CORPORATION and the CESAR CHAVEZ FOUNDATION related to a proposal to acquire, rehabilitate, and preserve affordable rental housing at the Timbers Apartments at 1034 Clayton Lane. 10. Approve an inducement resolution for private activity bond financing to be submitted to the TEXAS BOND REVIEW BOARD for an allocation of up to $8 million in private activity volume cap multi-family non-recourse bonds for the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane, by the bond financing applicant, Timbers Clayton 104 Apartments, L.P., San Antonio, Texas, or its affiliate. 11. Set a public hearing to receive public input on the issuance of up to $8 million of private activity volume cap multi-family housing non-recourse bonds to finance the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane. (Suggested date and time, August 28, 2014, 3:00 p.m. at Travis County Commissioners Court, 700 Lavaca Street, Austin, TX.) Adjourn