September 24, 2009 Austin Housing Finance Corporation (AHFC) Board of Directors Meeting
Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
September 24, 2009
Meeting Agenda
Agenda, 49kb
Approved Meeting Minutes
The minutes for the Regular meeting of September 24, 2009 were approved on the 15th day of October 2009 on Board Member Cole's motion, Board Member Spelman's second on a 7-0 vote.
AHFC Minutes, 67kb
Agenda Items
Item AHFC001 - September 24, 2009
Approve the minutes of the August 6, 2009 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of August 6, 2009 were approved.
Work Papers and Other Backup Documentation
20090924-AHFC001, Agenda Backup, PDF, 113kb
Item AHFC002 - September 24, 2009
Approve negotiation and execution of a loan to THE COLLEGE HOUSES, or its affiliate organization, in an amount not to exceed $837,500, in compliance with applicable requirements and performance goals under the Rental Housing Development Assistance Program, to refinance a 176-unit mixed-income affordable rental housing property for low- and moderate-income individuals at 1905 Nueces Street.
The motion authorizing the negotiation and execution of a loan to the College Houses was approved.
Work Papers and Other Backup Documentation
20090924-AHFC002, Agenda Backup, PDF, 120kb
Item AHFC003 - September 24, 2009
Approve negotiation and execution of an Acquisition and Development Program loan to MOMARK DEVELOPMENT, LLC in an amount not to exceed $1,815,300, to assist with the acquisition and development of 9.41 undeveloped acres of land.
The motion authorizing the negotiation and execution of an acquisition and development program loan to Momark Development, LLC was approved.
Work Papers and Other Backup Documentation
20090924-AHFC003, Agenda Backup, PDF, 127kb
Item AHFC004 - September 24, 2009
Authorize negotiation and execution of a one-year service agreement with the City of Austin to manage and operate various housing programs for the City during Fiscal Year 2009-2010 funded by the City's federal Housing and Urban Development funds and local housing funds in an amount not to exceed $10,480,628.
The motion authorizing the negotiation and execution of a service agreement with the City of Austin was approved.
Work Papers and Other Backup Documentation
20090924-AHFC004, Agenda Backup, PDF, 118kb
Item AHFC005 - September 24, 2009
Authorize negotiation and execution of a one-year service agreement with the City to manage and operate various housing programs for the City during fiscal year 2009-2010 funded by proceeds from the City's General Obligation housing bonds in an amount not to exceed $15.8 million.
The motion authorizing the negotiation and execution of a service agreement with the City of Austin was approved.
Work Papers and Other Backup Documentation
20090924-AHFC005, Agenda Backup, PDF, 111kb
Page updated: 2/3/2016
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