Consent 1. Approve the meeting minutes of the 3/23/2017, 8/3/2017, 9/13/2017, and 10/19/2017 Austin Housing Finance Corporation. 2. Authorize an increase of $1,270,000 to an existing loan to Austin Habitat for Humanity, Inc. or an affiliated entity, for a total loan amount not to exceed $2,520,000 to assist with the development of the Scenic Point Subdivision, Phase II, to provide homeownership opportunities for low- and moderate-income households. District(s): District 1 3. Approve a resolution authorizing the formation of Austin Housing Finance Corporation NIGHTINGALE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its Certificate of Formation, Articles of Incorporation, By-laws, and appointing its board of directors and president. District(s): District 2 4. Approve the negotiation and execution of a loan agreement with Austin DMA Housing III, LLC, or an affiliated entity, in an amount not to exceed $2,000,000 for a mixed-income, affordable, senior housing development to be known as The Nightingale, located at 5900 Charles Merle Drive in the Goodnight Ranch Planned Unit Development. District(s): District 2 5. Authorize the Austin Housing Finance Corporation to negotiate and execute an increase in the amount of a proposed loan agreement with the Austin Geriatric Center, Inc., or an affiliated entity, of $3,479,000 for a total loan amount not to exceed $6,479,000 to rehabilitate senior housing at the Rebekah Baines Johnson Center and develop new mixed-income housing on the site located at 21 Waller Street. District(s): District 3 6. Authorize an increase in the amount of a proposed loan agreement by $1,200,000 to be negotiated and executed with Saigebrook Development, LLC, or an affiliated entity, for a total loan amount not to exceed $3,320,000 to assist with the development of multi-family rental housing, including permanent supportive housing to serve extremely low-income persons and to be located at 3300 Oak Creek Drive.. District(s): District 7 7. Authorize an increase in the amount of a proposed loan agreement by $1,000,000 to be negotiated and executed with LifeWorks Affordable Housing Corporation, or an affiliated entity, for a total amount not to exceed $1,810,000, to assist with the development of the Works at Pleasant Valley, Phase II, to provide affordable rental housing for LifeWorks’ clients at the site located at 2800 Lyons Road. District(s): District 3 Adjourn
Dec 14, 2017 Austin Housing Finance Corporation
Consent 1. Approve the meeting minutes of the 3/23/2017, 8/3/2017, 9/13/2017, and 10/19/2017 Austin Housing Finance Corporation. 2. Authorize an increase of $1,270,000 to an existing loan to Austin Habitat for Humanity, Inc. or an affiliated entity, for a total loan amount not to exceed $2,520,000 to assist with the development of the Scenic Point Subdivision, Phase II, to provide homeownership opportunities for low- and moderate-income households. District(s): District 1 3. Approve a resolution authorizing the formation of Austin Housing Finance Corporation NIGHTINGALE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its Certificate of Formation, Articles of Incorporation, By-laws, and appointing its board of directors and president. District(s): District 2 4. Approve the negotiation and execution of a loan agreement with Austin DMA Housing III, LLC, or an affiliated entity, in an amount not to exceed $2,000,000 for a mixed-income, affordable, senior housing development to be known as The Nightingale, located at 5900 Charles Merle Drive in the Goodnight Ranch Planned Unit Development. District(s): District 2 5. Authorize the Austin Housing Finance Corporation to negotiate and execute an increase in the amount of a proposed loan agreement with the Austin Geriatric Center, Inc., or an affiliated entity, of $3,479,000 for a total loan amount not to exceed $6,479,000 to rehabilitate senior housing at the Rebekah Baines Johnson Center and develop new mixed-income housing on the site located at 21 Waller Street. District(s): District 3 6. Authorize an increase in the amount of a proposed loan agreement by $1,200,000 to be negotiated and executed with Saigebrook Development, LLC, or an affiliated entity, for a total loan amount not to exceed $3,320,000 to assist with the development of multi-family rental housing, including permanent supportive housing to serve extremely low-income persons and to be located at 3300 Oak Creek Drive.. District(s): District 7 7. Authorize an increase in the amount of a proposed loan agreement by $1,000,000 to be negotiated and executed with LifeWorks Affordable Housing Corporation, or an affiliated entity, for a total amount not to exceed $1,810,000, to assist with the development of the Works at Pleasant Valley, Phase II, to provide affordable rental housing for LifeWorks’ clients at the site located at 2800 Lyons Road. District(s): District 3 Adjourn