1. Authorize negotiation and execution of a loan agreement in an amount not to exceed $500,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a multi-family residential facility at 8500 U.S. Highway 71, to be known as Live Oak Trails, for low-income individuals and families. 2. Authorize negotiation and execution of a loan agreement in an amount not to exceed $500,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a multi-family residential facility at 13635 Rutledge Spur, to be known as the Lakeline Station Apartments, for low-income individuals and families. 3. Authorize negotiation and execution of a loan agreement in an amount not to exceed $1,000,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a single room occupancy residential facility at 2301 South Lamar Boulevard, to be known as Bluebonnet Studios, for very low-income individuals and individuals exiting homelessness. 4. Authorize negotiation and execution of a loan in an amount not to exceed $2,000,000 to THE MULHOLLAND GROUP, LLC or an affiliated entity, for the purpose of acquiring and rehabilitating the Capitol Village Apartments multi-family residential development at 6855 East U.S. Highway 290. 5. Approve an inducement resolution for private activity bond financing to be submitted to the Texas Bond Review Board for an allocation of up to $16 million in private activity volume cap multi-family non-recourse bonds for the rehabilitation of the CROSS CREEK APARTMENTS, 1124 Rutland Drive, by the bond financing applicant, TMG-TX Austin II, L.P., or its affiliate, and set a public hearing in accordance with the Tax Equity Financial Responsibility Act (TEFRA). (Suggested date and time: April 23, 2015 at 3:00 p.m. , Austin City Hall, 301 W. 2nd Street, Austin, TX.) 6. Approve an inducement resolution for private activity bond financing to be submitted to the Texas Bond Review Board for an allocation of up to $20 million in private activity volume cap multi-family non-recourse bonds for the development of the ALDRICH 51 APARTMENTS, to be located on the west side of Aldrich Street between Barbara Jordan Boulevard and East 51st Street, by the bond financing applicant, Austin DMA Housing II, LLC, or its affiliate, and set a public hearing in accordance with the Tax Equity Financial Responsibility Act (TEFRA). (Suggested date and time: April 23, 2015 at 3:00 p.m. , Austin City Hall, 301 W. 2nd Street, Austin, TX.). Adjourn
Apr 02, 2015 Austin Housing Finance Corporation
1. Authorize negotiation and execution of a loan agreement in an amount not to exceed $500,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a multi-family residential facility at 8500 U.S. Highway 71, to be known as Live Oak Trails, for low-income individuals and families. 2. Authorize negotiation and execution of a loan agreement in an amount not to exceed $500,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a multi-family residential facility at 13635 Rutledge Spur, to be known as the Lakeline Station Apartments, for low-income individuals and families. 3. Authorize negotiation and execution of a loan agreement in an amount not to exceed $1,000,000 with FOUNDATION COMMUNITIES, INC., or an affiliated entity, for the purpose of developing a single room occupancy residential facility at 2301 South Lamar Boulevard, to be known as Bluebonnet Studios, for very low-income individuals and individuals exiting homelessness. 4. Authorize negotiation and execution of a loan in an amount not to exceed $2,000,000 to THE MULHOLLAND GROUP, LLC or an affiliated entity, for the purpose of acquiring and rehabilitating the Capitol Village Apartments multi-family residential development at 6855 East U.S. Highway 290. 5. Approve an inducement resolution for private activity bond financing to be submitted to the Texas Bond Review Board for an allocation of up to $16 million in private activity volume cap multi-family non-recourse bonds for the rehabilitation of the CROSS CREEK APARTMENTS, 1124 Rutland Drive, by the bond financing applicant, TMG-TX Austin II, L.P., or its affiliate, and set a public hearing in accordance with the Tax Equity Financial Responsibility Act (TEFRA). (Suggested date and time: April 23, 2015 at 3:00 p.m. , Austin City Hall, 301 W. 2nd Street, Austin, TX.) 6. Approve an inducement resolution for private activity bond financing to be submitted to the Texas Bond Review Board for an allocation of up to $20 million in private activity volume cap multi-family non-recourse bonds for the development of the ALDRICH 51 APARTMENTS, to be located on the west side of Aldrich Street between Barbara Jordan Boulevard and East 51st Street, by the bond financing applicant, Austin DMA Housing II, LLC, or its affiliate, and set a public hearing in accordance with the Tax Equity Financial Responsibility Act (TEFRA). (Suggested date and time: April 23, 2015 at 3:00 p.m. , Austin City Hall, 301 W. 2nd Street, Austin, TX.). Adjourn