Consent 1. Approve a resolution adopting the Housing Assistance Fund for Fiscal Year 2018-2019 in the amount of $2,029,387. 2. Approve the negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliated entity, in an amount not to exceed $5,500,000, for a multi-family rental development to be known as Foundation Village, to be located at or near 11704 and 11706 North Lamar Boulevard. District(s): District 7 3. Approve the negotiation and execution of a loan agreement with DMA Development Company, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as Talavera Lofts, to be located near the Southeast Corner of Navasota Street and East 5th Street. District(s): District 3 4. Approve the negotiation and execution of a loan agreement with O-SDA Industries, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as The Abali, to be located at 4603 - 4611 North I35 Frontage Road. District(s): District 9 5. Approve the negotiation and execution of a loan agreement with Project Transitions, Inc., or an affiliated entity, in an amount not to exceed $2,901,992, for the construction of 55 units within a rental development to be known as Burnet Place, to be located at or near 8007 Burnet Road. District(s): District 7 6. Authorize the negotiation and execution of new, additional, or amended loan agreement documents with Austin Habitat for Humanity, Inc., or an affiliated entity, in an amount not to exceed $2,030,000, for a home ownership development to be known as 4th and Onion, located at 1409 and 1411 East 4th Street. District(s): District 3 7. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Blackshear Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $100,000, for rehabilitation of rental units to be known as 1140 Salina Street Rehab, to be located at 1140 Salina Street. District(s): District 1 8. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $240,000, for the rehabilitation of an existing 3-bedroom home, and new construction of one 2-bedroom home to be known as 6711 Porter, to be located at 6711 Porter Street. District(s): District 3 9. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Springdale Arts Crossing, LLC, or an affiliated entity, in an amount not to exceed $240,000, for the construction of two new units within a home ownership development to be known as Springdale Crossing, to be located at or near 732 Springdale Road. District(s): District 3 Adjourn
Aug 08, 2019 Austin Housing Finance Corporation
Consent 1. Approve a resolution adopting the Housing Assistance Fund for Fiscal Year 2018-2019 in the amount of $2,029,387. 2. Approve the negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliated entity, in an amount not to exceed $5,500,000, for a multi-family rental development to be known as Foundation Village, to be located at or near 11704 and 11706 North Lamar Boulevard. District(s): District 7 3. Approve the negotiation and execution of a loan agreement with DMA Development Company, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as Talavera Lofts, to be located near the Southeast Corner of Navasota Street and East 5th Street. District(s): District 3 4. Approve the negotiation and execution of a loan agreement with O-SDA Industries, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as The Abali, to be located at 4603 - 4611 North I35 Frontage Road. District(s): District 9 5. Approve the negotiation and execution of a loan agreement with Project Transitions, Inc., or an affiliated entity, in an amount not to exceed $2,901,992, for the construction of 55 units within a rental development to be known as Burnet Place, to be located at or near 8007 Burnet Road. District(s): District 7 6. Authorize the negotiation and execution of new, additional, or amended loan agreement documents with Austin Habitat for Humanity, Inc., or an affiliated entity, in an amount not to exceed $2,030,000, for a home ownership development to be known as 4th and Onion, located at 1409 and 1411 East 4th Street. District(s): District 3 7. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Blackshear Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $100,000, for rehabilitation of rental units to be known as 1140 Salina Street Rehab, to be located at 1140 Salina Street. District(s): District 1 8. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $240,000, for the rehabilitation of an existing 3-bedroom home, and new construction of one 2-bedroom home to be known as 6711 Porter, to be located at 6711 Porter Street. District(s): District 3 9. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Springdale Arts Crossing, LLC, or an affiliated entity, in an amount not to exceed $240,000, for the construction of two new units within a home ownership development to be known as Springdale Crossing, to be located at or near 732 Springdale Road. District(s): District 3 Adjourn