1. Approve a resolution appointing certain officers of the Austin Housing Finance Corporation. 2. Approve a resolution adopting amended and restated bylaws for the Austin Housing Finance Corporation. 3. Approve the minutes of the November 20, 2014, and the December 11, 2014, Board meetings of the Austin Housing Finance Corporation. 4. Authorize 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., or an affiliate, in an amount not to exceed $2,160,000 for a proposed multi-family rental development to be known as North End Apartments, located at 13201 & 13205 Burnet Road. 5. Authorize 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, with Foundation Communities, Inc., or an affiliate, in an amount not to exceed $1,875,000 for a proposed multi-family rental development to be known as Cardinal Point Apartments, located at 11011 ½ Four Points Drive. 6. Authorize 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, with MGroup Holdings, Inc., or an affiliate, in an amount not to exceed $1,650,000 for a proposed multi-family rental development to be known as Monarch at Lakeline Station, located in the 9800 block of Lake Creek Parkway. 7. Authorize 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, with Wolfpack Group, LLC., or an affiliate, in an amount not to exceed $1,260,000 for a proposed multi-family rental development to be known as the LaMadrid Apartments, located at the southwest corner of Ravenscroft Drive and Manchaca Road. 8. Authorize 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, with DMA Development Company, LLC., or an affiliate, in an amount not to exceed $1,650,000 for a proposed multi-family rental development to be known as the Azul 620, located at 11411 North Ranch Road 620. 9. Authorize negotiation and execution of a loan agreement with Denison Development & Construction, Inc., or an affiliate, in an amount not to exceed $1,860,000, for a proposed multi-family rental development to be known as Merritt Cornerstone, located at the northeast corner of West Howard Lane and McNeil-Merrill Town Road, with the loan being conditioned on the award of low income housing tax credits from the Texas Department of Housing and Community Affairs and annexation of the property by the City. Adjourn
Feb 12, 2015 Austin Housing Finance Corporation
1. Approve a resolution appointing certain officers of the Austin Housing Finance Corporation. 2. Approve a resolution adopting amended and restated bylaws for the Austin Housing Finance Corporation. 3. Approve the minutes of the November 20, 2014, and the December 11, 2014, Board meetings of the Austin Housing Finance Corporation. 4. Authorize 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., or an affiliate, in an amount not to exceed $2,160,000 for a proposed multi-family rental development to be known as North End Apartments, located at 13201 & 13205 Burnet Road. 5. Authorize 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, with Foundation Communities, Inc., or an affiliate, in an amount not to exceed $1,875,000 for a proposed multi-family rental development to be known as Cardinal Point Apartments, located at 11011 ½ Four Points Drive. 6. Authorize 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, with MGroup Holdings, Inc., or an affiliate, in an amount not to exceed $1,650,000 for a proposed multi-family rental development to be known as Monarch at Lakeline Station, located in the 9800 block of Lake Creek Parkway. 7. Authorize 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, with Wolfpack Group, LLC., or an affiliate, in an amount not to exceed $1,260,000 for a proposed multi-family rental development to be known as the LaMadrid Apartments, located at the southwest corner of Ravenscroft Drive and Manchaca Road. 8. Authorize 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, with DMA Development Company, LLC., or an affiliate, in an amount not to exceed $1,650,000 for a proposed multi-family rental development to be known as the Azul 620, located at 11411 North Ranch Road 620. 9. Authorize negotiation and execution of a loan agreement with Denison Development & Construction, Inc., or an affiliate, in an amount not to exceed $1,860,000, for a proposed multi-family rental development to be known as Merritt Cornerstone, located at the northeast corner of West Howard Lane and McNeil-Merrill Town Road, with the loan being conditioned on the award of low income housing tax credits from the Texas Department of Housing and Community Affairs and annexation of the property by the City. Adjourn