Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
March 23, 2006

Approved Meeting Minutes

The minutes for the Austin Housing Finance Corporation meeting of March 23, 2006 were approved on the 6th day of April, 2006 on Board Member McCracken's motion, Board Member Leffingwell's second on a 7-0 vote.

  Minutes,  46kb

Agenda Items

Item AHFC001 - March 23, 2006

Approve the minutes of the January 12, 2006 Board meeting of the Austin Housing Finance Corporation.

The minutes for the Austin Housing Finance Corporation meeting of January 12, 2006 were approved on Board Member Alvarez' motion, Board Member McCracken's second on a 6-0 vote. Council Member Leffingwell was off the dais.

Work Papers and Other Backup Documentation

  20060323-AHFC001, Agenda Backup,  PDF,  58kb

Item AHFC002 - March 23, 2006

Approve the negotiation and execution of a Rental Housing Development Assistance Program loan to NMF Housing VI, Incorporated, in an amount not to exceed $180,000 for the acquisition of two multi-family rental properties comprising a total of 15 efficiency units for low-income persons with mental disabilities at 6607 and 7102 Guadalupe Street, subject to environmental assessment and in compliance with applicable federal regulations including the Code of Federal Regulations Title 24 Section 85.40 performance goals. (Funding is available in Community Development Block Grant funding in the Fiscal Year 2005-2006 budget allocation of the Austin Housing Finance Corporation under the Rental Housing Development Assistance Program.)

The motion authorizing the negotiation and execution of a loan was approved on Board Member Dunkerley's motion, Board Member McCracken's second on a 7-0 vote.

Work Papers and Other Backup Documentation

  20060323-AHFC002, Agenda Backup,  PDF,  97kb

Item AHFC003 - March 23, 2006

Approve the negotiation and execution of a Rental Housing Development Assistance Program loan to Youth and Family Alliance, Inc., dba LifeWorks, in an amount not to exceed $300,000 to develop a six-unit, 12-bed transitional housing facility for low-income homeless youth and young adults located at 3710 South 2nd Street. (Funding is available in the City of Austin Housing Trust Fund in the Fiscal Year 2005-2006 Austin Housing Finance Corporation budget allocation under the Rental Housing Development Assistance Program.)

The motion authorizing the negotiation and execution of a loan was approved on Board Member Alvarez' motion, Board Member Kim's second on a 7-0 vote.

Work Papers and Other Backup Documentation

  20060323-AHFC003, Agenda Backup,  PDF,  114kb

Page updated: 7/17/2013
Office of the City Clerk