August 10, 2006 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting
Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
August 10, 2006
Meeting Agenda
Agenda, 82kb
Approved Meeting Minutes
The minutes for the Austin Housing Finance Corporation meeting of August 10, 2006 were approved on the 28th day of September, 2006 on Board Member Cole's motion, Vice President Dunkerley's second on a 6-0 vote. Board Member Kim was off the dais.
Minutes, 86kb
Agenda Items
Item AHFC001 - August 10, 2006
Approve a resolution appointing Will Wynn as President and Betty Dunkerley as Vice President of the Corporation.
Resolution No. 20060810-AHFC001 was approved on Board Member Leffingwell's motion, Board Member Martinez' second on a 7-0 vote.
Executed Resolution
Resolution No. 20060810-AHFC001, PDF, 16kb
Work Papers and Other Backup Documentation
20060810-AHFC001, Agenda Backup, PDF, 51kb
Item AHFC002 - August 10, 2006
Approve the minutes of the June 8, 2006 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of June 8, 2006 were approved on Vice President Dunkerley's motion, Board Member Cole's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060810-AHFC002, Agenda Backup, PDF, 75kb
Item AHFC003 - August 10, 2006
Authorize the negotiation and execution of a loan to AUSTIN NEIGHBORHOOD ALLIANCE FOR HABITAT, INC., Austin, Texas, an affiliate of AUSTIN HABITAT FOR HUMANITY, INC., under the Acquisition and Development Program in an amount not to exceed $518,500 for the acquisition of 20 vacant lots in the Frontier at Montana subdivision to be developed for 20 single-family homes for low- to moderate-income buyers. Funding for the first 10 lots is available in the Fiscal Year 2005-2006 budget using available HOME funds. Funding for the second 10 lots is available from HOME funds in the Fiscal Year 2006-2007 Proposed Operating Budget of the Austin Housing Finance Corporation.
The motion authorizing the negotiation and execution of a loan was approved on Board Member Cole's motion, Vice President Dunkerley's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060810-AHFC003, Agenda Backup, PDF, 71kb
Item AHFC004 - August 10, 2006
Authorize the negotiation and execution of a loan to AUSTIN NEIGHBORHOOD ALLIANCE FOR HABITAT, INC., Austin, Texas, an affiliate of AUSTIN HABITAT FOR HUMANITY, INC., under the Acquisition and Development Program in an amount not to exceed $60,000 for construction of one new single-family home in the Frontier at Montana Subdivision to be sold to a low- to moderate-income buyer. Funding is available in the Fiscal Year 2005-2006 budget Housing Assistance Fund (HAF).
The motion authorizing the negotiation and execution of a loan was approved on Board Member Kim's motion, Board Member McCracken's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060810-AHFC004, Agenda Backup, PDF, 55kb
Item AHFC005 - August 10, 2006
Approve the negotiation and execution of a loan to COMMUNITY PARTNERSHIP FOR THE HOMELESS, INC., Austin, Texas, under the Rental Housing Development Assistance Program in an amount not to exceed $123,163, in compliance with applicable federal regulations including the Code of Federal Regulations Title 14 Section 85.40 performance goals to assist in the rehabilitation of four units of transitional housing for very low-income homeless military veterans. Funding is available in the Fiscal Year 2005-2006 Austin Housing Finance Corporation budget under the Rental Housing Development Assistance Program. It is anticipated the transaction will be funded with HOME Investment Partnership Act Program funds.
The motion authorizing the negotiation and execution of a loan was approved on Vice President Dunkerley's motion, Board Member McCracken's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060810-AHFC005, Agenda Backup, PDF, 80kb
Item AHFC006 - August 10, 2006
Approve the negotiation and execution of a loan to NMF VII, Incorporated, under the Rental Housing Development Assistance Program, in an amount not to exceed $250,000, in compliance with applicable federal regulations including the Code of Federal Regulations Title 24 Section 85.40 performance goals, to assist in the acquisition of a 20-unit multi-family rental property for low-income individuals with mental disabilities at 1507 West 391/2 Street. Funding is available in the Fiscal Year 2005-2006 Austin Housing Finance Corporation budget under the Rental Housing Development Assistance Program. It is anticipated that the transaction will be funded with Community Development Block Grant Program funds.
The motion authorizing the negotiation and execution of a loan was approved on Board Member Kim's motion, Board Member Leffingwell's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060810-AHFC006, Agenda Backup, PDF, 92kb
Page updated: 7/17/2013
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