Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
December 9, 2010
Meeting Agenda
AHFC Agenda, 83kb
Approved Meeting Minutes
The minutes for the regular meeting of December 9, 2010 were approved on the 13th day of January 2011 on Board Member Morrison's motion, Board Member Riley's second on a 7-0 vote.
AHFC Minutes, 148kb
Video
Agenda Items - December 09, 2010
Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.
| AHFC001 | AHFC002 | AHFC003 | AHFC004 | AHFC005 | AHFC006 | AHFC007 | AHFC008 | AHFC009 | AHFC010 |
Item AHFC001 - December 9, 2010
Approve the minutes of the October 14, 2010 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of October 14, 2010 were approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC001, Agenda Backup, PDF, 48kb
Item AHFC002 - December 9, 2010
Approve the negotiation and execution of an Acquisition and Development Program loan to AUSTIN PEOPLETRUST in an amount not to exceed $1,250,000, to assist with the acquisition and development of approximately 7.0 undeveloped acres of land, located at the corner of Westgate Boulevard and Cameron Loop, to facilitate construction of 50 new single-family attached condominium homes to be sold to low- and moderate-income buyers.
The motion authorizing the negotiation and execution of an acquisition and development program loan to Austin Peopletrust was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC002, Agenda Backup, PDF, 92kb
Item AHFC003 - December 9, 2010
Approve the negotiation and execution of a loan to MARSHALL AFFORDABLE PARTNERS, LTD., Montgomery, Alabama, or its affiliate, in an amount not to exceed $2,500,000, under the Rental Housing Development Assistance Program, to acquire and rehabilitate 100 affordable units of multi-family housing located at the Marshall Apartments, 1401 East 12th Street (40 units) and 1157 Salina Street (60 units).
The motion authorizing the negotiation and execution of a loan to Marshall Affordable Partners, LTD or its affiliate was approved on Vice President Martinez' motion, Board Member Cole's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC003, Agenda Backup, PDF, 116kb
20101209-AHFC003, Agenda Late Backup, PDF, 86kb
Item AHFC004 - December 9, 2010
Approve an inducement resolution for private activity bond financing to be submitted to the Texas Bond Review Board for an allocation of up to $6 million in private activity volume cap multi-family non-recourse bonds for the acquisition and rehabilitation of the Marshall Apartments, 1401 East 12th Street and 1157 Salina Street by the bond financing applicant, MARSHALL AFFORDABLE PARTNERS, LTD., Montgomery, Alabama, or its affiliate.
Resolution No. 20101209-AHFC004 was approved on Vice President Martinez' motion, Board Member Cole's second on a 7-0 vote.
Executed Resolution
Resolution No. 20101209-AHFC004, PDF, 192kb
Work Papers and Other Backup Documentation
20101209-AHFC004, Agenda Backup, PDF, 89kb
Item AHFC005 - December 9, 2010
Set a public hearing to receive public input on the issuance of up to $6 million of private activity volume cap multi-family housing non-recourse bonds to finance the acquisition and rehabilitation of the Marshall Apartments, 1401 East 12th Street and 1157 Salina Street, a 100-unit apartment complex to be owned and operated by Marshall Affordable Partners, Ltd., a single purpose limited partnership affiliated with Summit Housing Partners, Montgomery, Alabama. (Suggested date and time, January 13, 2011, 3:00 p.m. at Austin City Hall, 301 West 2nd Street, Austin, TX.)
The public hearing was set for January 13, 2011 at 3:00 p.m., City Hall at 301 West 2nd Street, Austin, TX on Vice President Martinez' motion, Board Member Cole's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC005, Agenda Backup, PDF, 29kb
Item AHFC006 - December 9, 2010
Approve the negotiation and execution of a loan to GREEN DOORS, or its affiliate organization, in an amount not to exceed $1,350,000 to acquire and rehabilitate the Treaty Oaks Apartments, a 47-unit apartment complex that will serve low- and moderate-income families, located at 3700 Manchaca Road.
The motion authorizing the negotiation and execution of a loan to Green Doors or its affiliate organization was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC006, Agenda Backup, PDF, 87kb
Item AHFC007 - December 9, 2010
Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, or its affiliate organization, in an amount not to exceed $2,000,000 to assist with the rehabilitation and conversion of the property located at 2501 South IH-35 into a 120-unit single-room occupancy housing facility for homeless and low-income individuals.
The motion authorizing the negotiation and execution of a loan to Foundation Communities or its affiliate organization was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC007, Agenda Backup, PDF, 96kb
Item AHFC008 - December 9, 2010
Authorize the negotiation and execution of a loan to the GUADALUPE NEIGHBORHOOD DEVELOPMENT CORPORATION or its affiliate, in an amount not to exceed $1,500,000, to assist with Phase I of infrastructure development for the 11-acre Guadalupe-Saldana Subdivision, located at Tillery Street and Goodwin Avenue, being developed for ownership and rental housing for low- and moderate-income households.
The motion authorizing the negotiation and execution of a loan to the Guadalupe Neighborhood Development Corporation or its affiliate was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC008, Agenda Backup, PDF, 75kb
Item AHFC009 - December 9, 2010
Approve the negotiation and execution of a loan to MARY LEE COMMUNITY, or its affiliate, in an amount not to exceed $675,000, under the Rental Housing Development Assistance Program, for the acquisition of property located at 1340 and 1342 Lamar Square Drive, to facilitate the future construction of 40 new affordable units of multi-family rental housing.
The motion authorizing the negotiation and execution of a loan to Mary Lee Community or its affiliate was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC009, Agenda Backup, PDF, 85kb
Item AHFC010 - December 9, 2010
Approve the negotiation and execution of a loan to BLACKLAND COMMUNITY DEVELOPMENT CORPORATION, or its affiliate organization, in an amount not to exceed $491,919 for the acquisition and minor rehab of an eight-unit apartment complex located at 1803 East 20th Street that will serve low-income households.
The motion authorizing the negotiation and execution of a loan to Blackland Community Development Corporation or its affiliate organization was approved on consent on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20101209-AHFC010, Agenda Backup, PDF, 53kb
Page updated: 7/17/2013
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