Consent 1. Approve the minutes of the December 08, 2016 and December 15, 2016 Board meetings of the Austin Housing Finance Corporation. 2. Approve the negotiation and execution of a loan agreement with Govalle Affordable Housing, L.P., an affiliate of the Cesar Chavez Foundation, or an affiliated entity, in an amount not to exceed $2,808,000 for a mixed-income multifamily rental development to be known as the Govalle Terrace, located on Shady Lane within the thinkEAST Planned Unit Development. (District 3) 3. Approve the negotiation and execution of a loan agreement with the Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $1,281,460 for the development of seven affordable rental units to be located at 1902-B Willow Street, 2808-A and 2808-B Gonzales Street, 705-A and 705-B Lydia Street, and 2800-A and 2800-B Prado Street. (District 3). 4. Approve the negotiation and execution of a loan agreement with the Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $964,610 for the development of 8 homes to be sold to low- to moderate-income buyers in the Guadalupe-Saldaña Net-Zero Subdivision. (District 3) 5. Approve the negotiation and execution of a loan agreement with the Austin Geriatric Center, Inc., or an affiliated entity, in an amount not to exceed $3,000,000 for the rehabilitation of senior housing at the Rebekah Baines Johnson Center and the development of new mixed-income housing on the site located at 21 Waller Street. (District 3) 6. Approve the negotiation and execution of a loan agreement with Saigebrook Development, LLC, or an affiliated entity, in an amount not to exceed $2,120,000 for the new construction of a proposed affordable multi-family development, located at 3300 Oak Creek Drive, subject to an award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs. (District 7) Adjourn
Feb 09, 2017 Austin Housing Finance Corporation
Consent 1. Approve the minutes of the December 08, 2016 and December 15, 2016 Board meetings of the Austin Housing Finance Corporation. 2. Approve the negotiation and execution of a loan agreement with Govalle Affordable Housing, L.P., an affiliate of the Cesar Chavez Foundation, or an affiliated entity, in an amount not to exceed $2,808,000 for a mixed-income multifamily rental development to be known as the Govalle Terrace, located on Shady Lane within the thinkEAST Planned Unit Development. (District 3) 3. Approve the negotiation and execution of a loan agreement with the Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $1,281,460 for the development of seven affordable rental units to be located at 1902-B Willow Street, 2808-A and 2808-B Gonzales Street, 705-A and 705-B Lydia Street, and 2800-A and 2800-B Prado Street. (District 3). 4. Approve the negotiation and execution of a loan agreement with the Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $964,610 for the development of 8 homes to be sold to low- to moderate-income buyers in the Guadalupe-Saldaña Net-Zero Subdivision. (District 3) 5. Approve the negotiation and execution of a loan agreement with the Austin Geriatric Center, Inc., or an affiliated entity, in an amount not to exceed $3,000,000 for the rehabilitation of senior housing at the Rebekah Baines Johnson Center and the development of new mixed-income housing on the site located at 21 Waller Street. (District 3) 6. Approve the negotiation and execution of a loan agreement with Saigebrook Development, LLC, or an affiliated entity, in an amount not to exceed $2,120,000 for the new construction of a proposed affordable multi-family development, located at 3300 Oak Creek Drive, subject to an award of Low Income Housing Tax Credits from the Texas Department of Housing and Community Affairs. (District 7) Adjourn