August 7, 2014 Austin Housing Finance Corporation (AHFC) Board of Directors Regular Meeting
Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
August 7, 2014
Meeting Agenda
Agenda - AHFC, 131kb
Approved Meeting Minutes
AHFC Minutes, 94kb
Closed Caption Transcript
AHFC Transcript, 199kb
Video
Agenda Items - August 07, 2014
Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.
Item AHFC001 - August 7, 2014
Approve the minutes of the June 12, 2014 Board meeting of the Austin Housing Finance Corporation.
Work Papers and Other Backup Documentation
20140807-AHFC001, Agenda Backup: Recommendation for Board Action, PDF, 96kb
Item AHFC002 - August 7, 2014
Approve a resolution reappointing Karen M. Kennard to the position of General Counsel of the Austin Housing Finance Corporation, for a term to expire on May 12, 2017.
Executed Resolution
Resolution No. 20140807-AHFC002, PDF, 12kb
Work Papers and Other Backup Documentation
20140807-AHFC002, Agenda Backup: Draft Resolution, PDF, 7kb
20140807-AHFC002, Agenda Backup: Recommendation for Board Action, PDF, 57kb
Item AHFC003 - August 7, 2014
Approve the negotiation and execution of a loan agreement with Guadalupe Neighborhood Development Corporation for development of transitional housing providing supportive services for low-income, single-parent households completing post-secondary education, in an amount not to exceed $2,000,000.
Work Papers and Other Backup Documentation
20140807-AHFC003, Agenda Backup: Fiscal Note.xlsx, PDF, 55kb
20140807-AHFC003, Agenda Backup: Recommendation for Board Action, PDF, 86kb
Item AHFC004 - August 7, 2014
Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,000,000 for an affordable, single room occupancy development to be known as Bluebonnet Studios, located at 2301 South Lamar Boulevard.
Work Papers and Other Backup Documentation
20140807-AHFC004, Agenda Backup: Fiscal Note, PDF, 58kb
20140807-AHFC004, Agenda Backup: Recommendation for Board Action, PDF, 79kb
Item AHFC005 - August 7, 2014
Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $2,475,000 for an affordable rental housing development to be known as Rutledge Spur Apartments, located at the northeast corner of Rutledge Spur & RM 620.
Work Papers and Other Backup Documentation
20140807-AHFC005, Agenda Backup: Fiscal Note.xlsx, PDF, 58kb
20140807-AHFC005, Agenda Backup: Recommendation for Board Action, PDF, 79kb
Item AHFC006 - August 7, 2014
Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or an affiliated entity, in an amount not to exceed $1,250,000 for an affordable rental housing development to be known as Southwest Trails, Phase II located at 8500 U.S. Highway 71.
Work Papers and Other Backup Documentation
20140807-AHFC006, Agenda Backup: Fiscal Note, PDF, 58kb
20140807-AHFC006, Agenda Backup: Recommendation for Board Action, PDF, 79kb
Item AHFC007 - August 7, 2014
Approve a resolution authorizing the formation of AHFC 1034 CLAYTON LANE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its certificate of formation, articles of incorporation, and by-laws, and appointing its board of directors and president.
Executed Resolution
Resolution No. 20140807-AHFC007, PDF, 722kb
Work Papers and Other Backup Documentation
20140807-AHFC007, Agenda Backup: Backup (Articles of Incorporation for Clayton Lane), PDF, 51kb
20140807-AHFC007, Agenda Backup: Backup (Bylaws), PDF, 38kb
20140807-AHFC007, Agenda Backup: Backup (Certificate of Formation), PDF, 101kb
20140807-AHFC007, Agenda Backup: Draft Resolution, PDF, 29kb
20140807-AHFC007, Agenda Backup: Recommendation for Board Action, PDF, 80kb
Item AHFC008 - August 7, 2014
Authorize an increase of $300,000 to an existing loan to AUSTIN HABITAT FOR HUMANITY, INC., for the purpose of funding pre-development work on the 14-acre Meadow Lake Subdivision to be developed for homeownership opportunities for low- and moderate-income households, for a total loan amount not to exceed $942,896.
Work Papers and Other Backup Documentation
20140807-AHFC008, Agenda Backup: Recommendation for Board Action, PDF, 79kb
Item AHFC009 - August 7, 2014
Authorize the negotiation and execution of an agreement between the AUSTIN HOUSING FINANCE CORPORATION and the CESAR CHAVEZ FOUNDATION related to a proposal to acquire, rehabilitate, and preserve affordable rental housing at the Timbers Apartments at 1034 Clayton Lane.
Work Papers and Other Backup Documentation
20140807-AHFC009, Agenda Backup: Recommendation for Board Action, PDF, 79kb
20140807-AHFC009, Agenda Backup: Revised Draft Memo of Understanding, PDF, 172kb
Item AHFC010 - August 7, 2014
Approve an inducement resolution for private activity bond financing to be submitted to the TEXAS BOND REVIEW BOARD for an allocation of up to $8 million in private activity volume cap multi-family non-recourse bonds for the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane, by the bond financing applicant, Timbers Clayton 104 Apartments, L.P., San Antonio, Texas, or its affiliate.
Executed Resolution
Resolution No. 20140807-AHFC010, PDF, 173kb
Work Papers and Other Backup Documentation
20140807-AHFC010, Agenda Backup: Draft Resolution, PDF, 58kb
20140807-AHFC010, Agenda Backup: Recommendation for Board Action, PDF, 87kb
Item AHFC011 - August 7, 2014
Set a public hearing to receive public input on the issuance of up to $8 million of private activity volume cap multi-family housing non-recourse bonds to finance the acquisition and rehabilitation of the TIMBERS APARTMENTS, 1034 Clayton Lane. (Suggested date and time, August 28, 2014, 3:00 p.m. at Travis County Commissioners Court, 700 Lavaca Street, Austin, TX.)
Work Papers and Other Backup Documentation
20140807-AHFC011, Agenda Backup: Recommendation for Board Action, PDF, 58kb
Page updated: 10/6/2015
Office of the City Clerk