January 15, 2009 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting
Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
January 15, 2009
Meeting Agenda
Agenda, 64kb
Approved Meeting Minutes
The minutes for the Regular meeting of January 15, 2009 were approved on the 30th day of April 2009 on Board Member Morrison's motion, Board Member Shade's second on a 7-0 vote.
AHFC Minutes, 89kb
Agenda Items
Item AHFC001 - January 15, 2009
Approve the minutes of the December 11, 2008 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of December 11, 2008 were approved on consent on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090115-AHFC001, Agenda Backup, PDF, 57kb
Item AHFC002 - January 15, 2009
Approve the negotiation and execution of two loans to COMMUNITY PARTNERSHIP FOR THE HOMELESS, INC., or its affiliate, in an amount not to exceed a total of $1,300,000, under the Rental Housing Development Assistance Program, in compliance with applicable state and federal requirements, and affordable housing general obligation bond financing requirements and performance goals, to acquire and rehabilitate six properties consisting of 24 units of multi-family housing located at 5802, 5804, 5805, 5807, 5809, and 5811 Sweeney Circle, to serve as permanent affordable rental housing with supportive services to low-income families.
The motion authorizing the negotiation and execution of two loans to Community Partnership for the Homeless, Inc. or its affiliate was approved on consent on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090115-AHFC002, Agenda Backup, PDF, 79kb
Item AHFC003 - January 15, 2009
Approve the negotiation and execution of a loan to AUSTIN NEIGHBORHOOD ALLIANCE FOR HABITAT, INC., an affiliate of Austin Habitat For Humanity, Inc., under the Acquisition and Development Program, in an amount not to exceed $154,580, in compliance with applicable Acquisition and Development Program financing requirements and performance goals, to assist with the acquisition of two improved properties located at 7419 and 7423 Thannas Way, to be sold to low- and moderate-income buyers.
The motion authorizing the negotiation and execution of a loan to Austin Neighborhood Alliance for Habitat, Inc. was approved on consent on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090115-AHFC003, Agenda Backup, PDF, 61kb
Item AHFC004 - January 15, 2009
Approve the negotiation and execution of a loan to AUSTIN-TRAVIS COUNTY MENTAL HEALTH AND MENTAL RETARDATION CENTER, or its affiliate organization, under the Rental Housing Development Assistance Program, in an amount not to exceed $2,300,000, in compliance with applicable affordable housing general obligation bond financing requirements and performance goals, to acquire and rehabilitate the property and improvements at 6222 North Lamar Boulevard to serve as a 37-bed transitional housing facility for low- to moderate-income persons.
The motion authorizing the negotiation and execution of a loan to Austin-Travis County mental Health and Mental Retardation Center was approved on consent on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090115-AHFC004, Agenda Backup, PDF, 89kb
Item AHFC005 - January 15, 2009
Approve the negotiation and execution of a loan to FOUNDATION COMMUNITIES, INC., or its affiliate organization, under the Rental Housing Development Assistance Program, in an amount not to exceed $900,000, in compliance with applicable affordable housing general obligation bond financing requirements and performance goals, to refinance debt on a 92-unit multi-family property located at 8801 McCann Drive in order to provide 14 units to very low-income families.
The motion authorizing the negotiation and execution of a loan to Foundation Communities, Inc. was approved on consent on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20090115-AHFC005, Agenda Backup, PDF, 80kb
Page updated: 2/3/2016
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