April 30, 2009 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting
Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
April 30, 2009
Meeting Agenda
Agenda, 56kb
Approved Meeting Minutes
The minutes for the Regular meeting of April 30, 2009 were approved on the 14th day of May 2009 on Vice President McCracken's motion, Board Member Morrison's second on a 7-0 vote.
AHFC Minutes, 84kb
Agenda Items
Item AHFC001 - April 30, 2009
Approve the minutes of the January 15, 2009 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of January 15, 2009 were approved on consent on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090430-AHFC001, Agenda Backup, PDF, 70kb
Item AHFC002 - April 30, 2009
Approve the negotiation and execution of a loan to BLACKLAND COMMUNITY DEVELOPMENT CORPORATION, under the Rental Housing Development Assistance Program, in an amount not to exceed $230,000 in compliance with applicable financing requirements and performance goals, to rehabilitate seven units of affordable rental housing located at 2009 and 2110 Salina Street.
The motion authorizing the negotiation and execution of a loan to Blackland Community Development Corporation was approved on consent on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090430-AHFC002, Agenda Backup, PDF, 62kb
Item AHFC003 - April 30, 2009
Approve the negotiation and execution of a loan to the CHESTNUT NEIGHBORHOOD REVITALIZATION CORPORATION, or its affiliate, under the Rental Housing Development Assistance Program, in an amount not to exceed $1,000,000, in compliance with applicable affordable housing general obligation bond financing requirements and performance goals, to develop a 22-unit multi-family housing facility on the unimproved real property at the corner of East Martin Luther King, Jr. Boulevard and E. M. Franklin Avenue to serve as permanent affordable rental housing with supportive services for low-income elderly persons.
The motion authorizing the negotiation and execution of a loan to the Chestnut Neighborhood Revitalization Corporation or its affiliate was approved on consent on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090430-AHFC003, Agenda Backup, PDF, 95kb
Item AHFC004 - April 30, 2009
Approve the negotiation and execution of an amendment to the Rental Housing Development Assistance Program Loan Agreement with NEIGHBORHOOD HOUSING SERVICES OF AUSTIN, INC. to increase the 2007 Rental Housing Development Assistance loan by $40,000 for a total loan amount not to exceed $150,000, to assist in the development of two single-family affordable rental housing units in the St. John's Neighborhood at 7314-A Meador Avenue and 7314-B Meador Avenue.
The motion authorizing the negotiation and execution of an amendment to the Rental Housing Development Assistance Program Loan Agreement with Neighborhood Housing Services of Austin, Inc. was approved on consent on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090430-AHFC004, Agenda Backup, PDF, 77kb
Item AHFC005 - April 30, 2009
Approve a resolution appointing Diana Domeracki as a Director on the Board of Directors for Arbors at Creekside Non-Profit Corporation, the Austin Inner-City Redevelopment Corporation, and the Villas on Sixth Non-Profit Corporation for a term to expire on April 30, 2012, replacing Brooke Boston.
Resolution No. 20090430-005 appointing Diana Domeracki as a Director on the Board of Directors for Arbors at Creekside Non-Profit Corporation was approved on consent on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
Executed Resolution
Resolution No. 20090430-AHFC005, PDF, 15kb
Work Papers and Other Backup Documentation
20090430-AHFC005, Agenda Backup, PDF, 39kb
Page updated: 2/3/2016
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