April 7, 2005 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting

Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
April 7, 2005

Approved Meeting Minutes

The minutes for the Austin Housing Finance Corporation meeting of April 7, 2005 were approved on the 12th day of May, 2005 on Board Member McCracken's motion. Vice President Goodman's second on a 7-0 vote.

Minutes, 47kb

Agenda Items

Item AHFC001 - April 7, 2005

Approve the minutes of the March 3, 2005 Board meeting of the Austin Housing Finance Corporation.

The minutes for the Austin Housing Finance Corporation meeting of March 3, 2005 were approved on Vice President Goodman's motion, President Wynn's second on a 5-0 vote. Board Members Dunkerley and Slusher were off the dais.

There are no documents available for this agenda item.

Item AHFC002 - April 7, 2005

Approve a resolution amending the Austin Housing Finance Corporation Fiscal Year 2004-2005 Budget by increasing the Grant Operating Budget by $125,000, and authorizing the negotiation and execution of an amendment to the Fiscal Year 2004-2005 Service Agreement with the City of Austin by increasing the contract by $125,000 for a total contract amount not to exceed $13,699,670 to be used for operating the City's Community Housing Development Organization (CHDO) Capacity Building Activity. (Funding is available from the Grant Operating Budget, from the HOME Investment Partnership Program for Fiscal Year 2004-2005.) (Related Item 9)

Resolution No. 20050407-AHFC002 was approved on Board Member Alvarez' motion, Board Member Thomas' second on a 6-0 vote. Board Member Dunkerley was off the dais.

Executed Resolution

Resolution No. 20050407-AHFC002, PDF, 59kb

Work Papers and Other Backup Documentation

20050407-AHFC002, Agenda Late Backup, PDF, 36kb

Item AHFC003 - April 7, 2005

Authorize the negotiation and execution of a federally-funded Rental Housing Development Assistance Program deferred-payment, forgivable loan in an amount not to exceed $500,000 to COMMUNITY PARTNERSHIP FOR THE HOMELESS, INC., for the development of a 30-unit housing development for low-income families known as Cottage Community and located at 10620 Dessau Road. (Funding is available in the Fiscal Year 2004-2005 Austin Housing Finance Corporation budget allocation of the City of Austin Housing Trust Fund under the Rental Housing Development Assistance Program.)

The motion authorizing the negotiation and execution of a federally funded Rental Housing Development Assistance Program was approved on Board Member Slusher's motion, Board Member Alvarez' second on a 7-0 vote.