June 8, 2006 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting
Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
June 8, 2006
Meeting Agenda
Agenda, 56kb
Approved Meeting Minutes
The minutes for the Austin Housing Finance Corporation meeting of June 8, 2006 were approved on the 10th day of August, 2006 on Vice President Dunkerley's motion, Board Member Cole's second on a 7-0 vote.
Minutes, 79kb
Agenda Items
Item AHFC001 - June 8, 2006
Approve the minutes of the April 6, 2006 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of April 6, 2006 were approved on Board Member Alvarez' motion, Vice President Thomas' second on a 6-0 vote. Board Member Leffingwell was off the dais.
Work Papers and Other Backup Documentation
20060608-AHFC001, Agenda Backup, PDF, 37kb
Item AHFC002 - June 8, 2006
Approve a resolution amending the Austin Housing Finance Corporation Fiscal Year 2005-2006 budget and authorizing execution of an amendment to the service agreement with the City of Austin, effective October 1, 2005, to increase the budget and agreement in the amount of $1,300,656, for a total amount not to exceed $16,483,153, to increase funding for the Acquisition and Development Program in the amount of $976,993, Homebuyer Lending Assistance Program in the amount of $258,420, Rental Housing Development Assistance Program in the amount of $41,258, and Homeowner Moderate Rehabilitation Program in the amount of $23,985.
Resolution No. 20060608-AHFC002 was approved on Board Member Alvarez' motion, Board Member Dunkerley's second on a 6-0 vote. Board Member Leffingwell was off the dais.
Executed Resolution
Resolution No. 20060608-AHFC002, PDF, 41kb
Work Papers and Other Backup Documentation
20060608-AHFC002, Agenda Backup, PDF, 113kb
Item AHFC003 - June 8, 2006
Approve the negotiation and execution of a loan to Foundation Communities, Incorporated, or its affiliate, under the Rental Housing Development Assistance Program, in an amount not to exceed $1,118,309 in compliance with applicable federal regulations, including the Code of Federal Regulations Title 24 Section 85.40 performance goals, to acquire the property formerly known as the Ramada Inn located at 1212 West Ben White Boulevard, Austin, TX, for conversion into a 100-unit single-room-occupancy supportive rental housing facility for homeless and low-income individuals.
The motion authorizing the negotiation and execution of a loan was approved on Board Member Kim's motion, Board Member Dunkerley's second on a 6-0 vote. Board Member Leffingwell was off the dais.
Work Papers and Other Backup Documentation
20060608-AHFC003, Agenda Backup, PDF, 112kb
Item AHFC004 - June 8, 2006
Approve the negotiation and execution of a loan to the Guadalupe Neighborhood Development Corporation, or its affiliate, under the Rental Housing Development Assistance Program, in an amount not to exceed $500,000 in compliance with applicable federal regulations including the Code of Federal Regulations Title 24 Section 85.40 performance goals, to assist in the development and construction of a 22-unit rental housing facility for low and moderate-income families located at 813 East 8th Street, Austin, TX.
The motion authorizing the negotiation and execution of a loan was approved on Board Member Alvarez' motion, Vice President Thomas' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060608-AHFC004, Agenda Backup, PDF, 95kb
Item AHFC005 - June 8, 2006
Approve the negotiation and execution of a loan to Campbell-Hogue and Associates, Incorporated, or its affiliate, under the Rental Housing Development Assistance Program, in an amount not to exceed $378,000 to construct a 126- unit mixed-income/mixed-use rental facility for low-income families located at the southwest corner of East Riverside Drive and Montopolis Drive, Austin, TX.
The motion authorizing the negotiation and execution of a loan was approved on Board Member Alvarez' motion, Vice President Thomas' second on a 7-0 vote.
Work Papers and Other Backup Documentation
20060608-AHFC005, Agenda Backup, PDF, 99kb
Page updated: 7/17/2013
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