Consent 1. Approve the minutes of the August 7, 2014 Board meeting of the Austin Housing Finance Corporation. 2. Authorize negotiation and execution of a one-year service agreement with the City of Austin under which the Austin Housing Finance Corporation will manage and operate various housing programs on the City's behalf during Fiscal Year 2014-2015 to be funded by United States Department of Housing and Urban Development funds and local housing funds in the amount of $16,327,141. 3. Authorize an increase of $1,053,241 to the existing loan with VINCARE SERVICES OF AUSTIN, INC., for the purpose of rehabilitating the affordable rental property at 3200 South Lamar Boulevard, for a total loan amount not to exceed $2,553,241. 4. Authorize the negotiation and execution of a one-year contract with the AUSTIN AREA URBAN LEAGUE to fund and administer the Emergency Home Repair Program in an amount not to exceed $1,000,000. 5. Authorize the negotiation and execution of a one-year contract with the HOUSING AUTHORITY OF THE CITY OF AUSTIN to fund and administer the Tenant-Based Rental Assistance Program which provides housing opportunities through subsidies to homeless families in an amount not to exceed $527,000. 6. Authorize negotiation and execution of an amendment to an existing contract with INTERFAITH ACTION OF CENTRAL TEXAS to increase the contract amount by $180,000 for a total contract amount not to exceed $468,000 for additional home repair services through the GO Repair! Program. 7. 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. 8. 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, December 11, 2014, 3:00 p.m. at Travis County Commissioners Court, 700 Lavaca Street, Austin, TX.) 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 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. Adjourn
Sep 25, 2014 Austin Housing Finance Corporation
Consent 1. Approve the minutes of the August 7, 2014 Board meeting of the Austin Housing Finance Corporation. 2. Authorize negotiation and execution of a one-year service agreement with the City of Austin under which the Austin Housing Finance Corporation will manage and operate various housing programs on the City's behalf during Fiscal Year 2014-2015 to be funded by United States Department of Housing and Urban Development funds and local housing funds in the amount of $16,327,141. 3. Authorize an increase of $1,053,241 to the existing loan with VINCARE SERVICES OF AUSTIN, INC., for the purpose of rehabilitating the affordable rental property at 3200 South Lamar Boulevard, for a total loan amount not to exceed $2,553,241. 4. Authorize the negotiation and execution of a one-year contract with the AUSTIN AREA URBAN LEAGUE to fund and administer the Emergency Home Repair Program in an amount not to exceed $1,000,000. 5. Authorize the negotiation and execution of a one-year contract with the HOUSING AUTHORITY OF THE CITY OF AUSTIN to fund and administer the Tenant-Based Rental Assistance Program which provides housing opportunities through subsidies to homeless families in an amount not to exceed $527,000. 6. Authorize negotiation and execution of an amendment to an existing contract with INTERFAITH ACTION OF CENTRAL TEXAS to increase the contract amount by $180,000 for a total contract amount not to exceed $468,000 for additional home repair services through the GO Repair! Program. 7. 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. 8. 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, December 11, 2014, 3:00 p.m. at Travis County Commissioners Court, 700 Lavaca Street, Austin, TX.) 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 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. Adjourn