Consent 1. Authorize award, negotiation and execution of five 24-month contracts for a combined amount not to exceed $1,200,000 with INTERFAITH ACTION OF CENTRAL TEXAS, MEALS ON WHEELS AND MORE, INC., EASTER SEALS – CENTRAL TEXAS, INC., AUSTIN HABITAT FOR HUMANITY, INC., AUSTIN AREA URBAN LEAGUE, INC., and REBUILDING AUSTIN TOGETHER for repair of homes eligible through the Holly Good Neighbor program. 2. Approve a resolution authorizing the issuance of Austin Housing Finance Corporation Multi-family Housing Revenue Bonds, in an aggregate principal amount not to exceed $8 million; approving related documents, in substantially the form attached to the resolution, to provide financing for the acquisition and rehabilitation of the Timbers Apartments, 1034 Clayton Lane, to be owned and operated by Timbers Clayton 104 Apartments, LP, a Texas limited partnership; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. 3. Approve a resolution authorizing the issuance of Austin Housing Finance Corporation Multi-family Housing Revenue Bonds, in an aggregate principal amount not to exceed $25 million; approving related documents, in substantially the form attached to the resolution, to provide financing for the acquisition and construction of the Aldrich 51 Apartments, 2604 Aldrich Street, to be owned and operated by Austin DMA Housing II, LLC, a Texas limited liability company; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. 4. Approve a resolution amending the Fiscal Year 2015-2016 Austin Housing Finance Corporation Grant Operating Budget to appropriate $1,351,401 from the Housing Trust Fund for housing programs. 5. Authorize negotiation and execution of Amendment No. 1 to the Fiscal Year 2015-2016 Service Agreement with the City of Austin by increasing funding for the Housing Trust Fund in the amount of $1,351,401, for a total contract amount not to exceed $18,476,973. 6. Authorize an increase to a loan of up to $2,000,000 for a total loan amount not to exceed $4,000,000 to Austin DMA Housing II, LLC, for Aldrich 51 Apartments, located at 2604 Aldrich Street in the Robert Mueller Municipal Airport redevelopment site. 7. Authorize an increase of $1,322,449 to the existing loan with CHESTNUT NEIGHBORHOOD REVITALIZATION CORPORATION, for the purpose of developing affordable ownership housing at 1212, 1301, and 1309 Chicon Street, for a total loan amount not to exceed $3,962,717. Adjourn
Oct 01, 2015 Austin Housing Finance Corporation
Consent 1. Authorize award, negotiation and execution of five 24-month contracts for a combined amount not to exceed $1,200,000 with INTERFAITH ACTION OF CENTRAL TEXAS, MEALS ON WHEELS AND MORE, INC., EASTER SEALS – CENTRAL TEXAS, INC., AUSTIN HABITAT FOR HUMANITY, INC., AUSTIN AREA URBAN LEAGUE, INC., and REBUILDING AUSTIN TOGETHER for repair of homes eligible through the Holly Good Neighbor program. 2. Approve a resolution authorizing the issuance of Austin Housing Finance Corporation Multi-family Housing Revenue Bonds, in an aggregate principal amount not to exceed $8 million; approving related documents, in substantially the form attached to the resolution, to provide financing for the acquisition and rehabilitation of the Timbers Apartments, 1034 Clayton Lane, to be owned and operated by Timbers Clayton 104 Apartments, LP, a Texas limited partnership; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. 3. Approve a resolution authorizing the issuance of Austin Housing Finance Corporation Multi-family Housing Revenue Bonds, in an aggregate principal amount not to exceed $25 million; approving related documents, in substantially the form attached to the resolution, to provide financing for the acquisition and construction of the Aldrich 51 Apartments, 2604 Aldrich Street, to be owned and operated by Austin DMA Housing II, LLC, a Texas limited liability company; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. 4. Approve a resolution amending the Fiscal Year 2015-2016 Austin Housing Finance Corporation Grant Operating Budget to appropriate $1,351,401 from the Housing Trust Fund for housing programs. 5. Authorize negotiation and execution of Amendment No. 1 to the Fiscal Year 2015-2016 Service Agreement with the City of Austin by increasing funding for the Housing Trust Fund in the amount of $1,351,401, for a total contract amount not to exceed $18,476,973. 6. Authorize an increase to a loan of up to $2,000,000 for a total loan amount not to exceed $4,000,000 to Austin DMA Housing II, LLC, for Aldrich 51 Apartments, located at 2604 Aldrich Street in the Robert Mueller Municipal Airport redevelopment site. 7. Authorize an increase of $1,322,449 to the existing loan with CHESTNUT NEIGHBORHOOD REVITALIZATION CORPORATION, for the purpose of developing affordable ownership housing at 1212, 1301, and 1309 Chicon Street, for a total loan amount not to exceed $3,962,717. Adjourn