Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
June 16, 2022

Agenda Items - June 16, 2022

Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.

Item AHFC001 - June 16, 2022

Approve the meeting minutes of the May 19, 2022, board meeting of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

20220616-AHFC001, Agenda Backup: Draft Minutes, PDF, 97kb, posted 6/7/2022

20220616-AHFC001, Agenda Backup: Recommendation for Action, PDF, 109kb, posted 6/3/2022

Item AHFC002 - June 16, 2022

Authorize negotiation and execution of all documents and instruments necessary or desirable for Austin Housing Finance Corporation, or an affiliate, to acquire in fee simple 4.447 acres out of Lot 2, Parker at Woodward Subdivision, a subdivision in Travis County, Texas, of record in document No. 200100234, of the Official Public Records of Travis County, Texas, located at 2000 Woodward Street, Austin, Texas, 78747 for affordable housing purposes, in an amount not to exceed $2,600,000, plus closing costs. District(s) Affected: District 3.

Work Papers and Other Backup Documentation

20220616-AHFC002, Agenda Backup: Backup, PDF, 60kb, posted 6/3/2022

20220616-AHFC002, Agenda Backup: Recommendation for Action, PDF, 113kb, posted 6/3/2022

Item AHFC003 - June 16, 2022

Approve a resolution authorizing the formation of AHFC City View Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation (AHFC), to develop low-income housing; approving the form of its certificate of formation and by-laws, and appointing its Board of Directors and President, for the purpose of acquiring the general partner interest in the limited partnership that is the owner of a leasehold interest in a 70-unit multifamily rental development known as City View Apartments, located at 2000 Woodward Street, Austin, Texas 78741. District(s) Affected: District 3.

Executed Resolution

Resolution No. 20220616-AHFC003, PDF, 8.3mb, posted 6/23/2022

Work Papers and Other Backup Documentation

20220616-AHFC003, Agenda Backup: Backup, PDF, 46kb, posted 6/3/2022

20220616-AHFC003, Agenda Backup: Draft Resolution, PDF, 23kb, posted 6/3/2022

20220616-AHFC003, Agenda Backup: Exhibit A, PDF, 66kb, posted 6/3/2022

20220616-AHFC003, Agenda Backup: Exhibit B, PDF, 35kb, posted 6/3/2022

20220616-AHFC003, Agenda Backup: Recommendation for Action, PDF, 115kb, posted 6/3/2022

Item AHFC004 - June 16, 2022

Authorize negotiation and execution of all documents and instruments necessary or desirable for Austin Housing Finance Corporation, or an affiliate, to acquire in fee simple Lot 1, Northfair, a subdivision in Travis County, Texas, according to the map or plat thereof, recorded in Volume 36, Page 39 of the Plat Records of Travis County, Texas and related easement located at 615 W. St. Johns Avenue, Austin, Texas 78752 for affordable housing purposes, in an amount not to exceed $7,680,000, plus closing costs. District(s) Affected: District 4.

Work Papers and Other Backup Documentation

20220616-AHFC004, Agenda Backup: Backup, PDF, 396kb, posted 6/3/2022

20220616-AHFC004, Agenda Backup: Recommendation for Action, PDF, 115kb, posted 6/3/2022

Item AHFC005 - June 16, 2022

Approve the negotiation and execution of a loan agreement and related documents with AHFC Midtown Non-Profit Corporation, or an affiliated entity, in an amount not to exceed $400,000 for initial working capital such as operating costs and replacement reserves for a 40-unit multifamily rental development known as Midtown Flats, located at 615 W. St. Johns Avenue, Austin, Texas 78752. District(s) Affected: District 4.

Work Papers and Other Backup Documentation

20220616-AHFC005, Agenda Backup: Backup, PDF, 116kb, posted 6/3/2022

20220616-AHFC005, Agenda Backup: Fiscal Note, PDF, 81kb, posted 6/3/2022

20220616-AHFC005, Agenda Backup: Recommendation for Action, PDF, 114kb, posted 6/3/2022

Item AHFC006 - June 16, 2022

Approve a resolution authorizing the formation of AHFC Midtown Flats Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation, to develop affordable housing; approving the form of its certificate of formation and by-laws, and appointing its Board of Directors and President; and authorizing AHFC Midtown Flats Non-Profit Corporation to acquire the 40-unit multifamily rental development known as Midtown Flats, located at 615 W. St. Johns Avenue, Austin, Texas 78752 to own, operate, manage, maintain, and develop the multifamily development. District(s) Affected: District 4.

Executed Resolution

Resolution No. 20220616-AHFC006, PDF, 8.3mb, posted 6/24/2022

Work Papers and Other Backup Documentation

20220616-AHFC006, Agenda Backup: Draft Resolution, PDF, 89kb, posted 6/3/2022

20220616-AHFC006, Agenda Backup: Exhibit A, PDF, 201kb, posted 6/3/2022

20220616-AHFC006, Agenda Backup: Exhibit B, PDF, 140kb, posted 6/3/2022

20220616-AHFC006, Agenda Backup: Recommendation for Action, PDF, 131kb, posted 6/3/2022

Item AHFC007 - June 16, 2022

Approve the negotiation and execution of a loan agreement and related documents with AHFC Retreat Non-Profit Corporation, or an affiliated entity, in an amount not to exceed $7,000,000 to acquire additional equity interest in the owner of the mixed-income and affordable 240-unit multifamily rental development known as Retreat at North Bluff located at 6212 Crow Lane, Austin, Texas 78745. District(s) Affected: District 2.

Work Papers and Other Backup Documentation

20220616-AHFC007, Agenda Backup: Backup, PDF, 407kb, posted 6/3/2022

20220616-AHFC007, Agenda Backup: Fiscal Note, PDF, 107kb, posted 6/3/2022

20220616-AHFC007, Agenda Backup: Recommendation for Action, PDF, 98kb, posted 6/3/2022

Item AHFC008 - June 16, 2022

Approve a resolution authorizing the formation of AHFC Retreat Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation, to develop low-income housing; approving the form of its certificate of formation and by-laws, and appointing its Board of Directors and President, for the purpose of acting as general partner of a limited partnership, or a managing member of a limited liability company, that will acquire, own, manage, maintain, rehabilitate, and operate the 240-unit multifamily rental development known as Retreat at North Bluff, located at 6212 Crow Lane, Austin, Texas 78745. District(s) Affected: District 2.