August 3, 2017 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting

Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
August 3, 2017

Agenda Items - August 3, 2017

Scroll down to view each item on the meeting agenda or click on a number to go directly to that item.

Item AHFC001 - August 3, 2017

Approve the minutes of the June 8, 2017 Board meeting of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

20170803-AHFC001, Agenda Backup: Minutes, PDF, 102kb

20170803-AHFC001, Agenda Backup: Recommendation for Board Action, PDF, 57kb

Item AHFC002 - August 3, 2017

Authorize the negotiation and execution of an amendment to the 2016-2017 service agreement between the Austin Housing Finance Corporation and the City of Austin, funded by proceeds from the City's affordable housing General Obligation bonds in the amount of $5,500,000 for a total not to exceed $29,054,297, to amend and increase the amount of funding in the Austin Housing Finance Corporation 2016-2017 Capital Budget by $5,500,000 for a total amount not to exceed $19,500,000.

Work Papers and Other Backup Documentation

20170803-AHFC002, Agenda Backup: Memo to Mayor and Council, PDF, 56kb

20170803-AHFC002, Agenda Backup: Recommendation for Board Action, PDF, 44kb

Item AHFC003 - August 3, 2017

Approve the negotiation and execution of a loan agreement with the Saigebrook Development, LLC, or an affiliated entity, in an amount not to exceed $1,500,000 for a mixed-income, multi-family rental development to be known as the Aria Grand Apartments, to be located at 1800 South IH-35 Frontage Road. (District 9)

Work Papers and Other Backup Documentation

20170803-AHFC003, Agenda Backup: Backup - Prior Council Action, PDF, 18kb

20170803-AHFC003, Agenda Backup: Fiscal Note, PDF, 34kb

20170803-AHFC003, Agenda Backup: Memo to Mayor and Council, PDF, 56kb

20170803-AHFC003, Agenda Backup: Recommendation for Board Action, PDF, 75kb

Item AHFC004 - August 3, 2017

Approve the negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliated entity, in an amount not to exceed $4,000,000 for a mixed-income, multi-family rental development to be located near the northwest corner of Philomena Street and Tilley Street in the Robert Mueller Municipal Airport redevelopment area. (District 9)