July 29, 2020 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting

Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
July 29, 2020

Agenda Items - July 29, 2020

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

Item AHFC001 - July 29, 2020

Approve the meeting minutes of the June 11, 2020 board meeting of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

20200729-AHFC001, Agenda Backup: Draft Minutes, PDF, 157kb, posted 7/17/2020

20200729-AHFC001, Agenda Backup: Recommendation for Action, PDF, 121kb, posted 7/17/2020

Item AHFC002 - July 29, 2020

Approve an inducement resolution for an allocation of up to $20,000,000 in private activity volume cap multi-family non-recourse bonds to Espero Austin at Rutland, LP, or an affiliated entity, for a proposed affordable multi-family development to be known as Espero Austin at Rutland, located at or near 1934 Rutland Drive, Austin, Texas, 78758. District(s) Affected: District 4.

Executed Resolution

Resolution No. 20200729-AHFC002, PDF, 2.2mb, posted 8/10/2020

Work Papers and Other Backup Documentation

20200729-AHFC002, Agenda Backup: Application, PDF, 43.4mb, posted 7/17/2020

20200729-AHFC002, Agenda Backup: Backup, PDF, 87kb, posted 7/17/2020

20200729-AHFC002, Agenda Backup: Draft Resolution, PDF, 103kb, posted 7/17/2020

20200729-AHFC002, Agenda Backup: Exhibit A, PDF, 8kb, posted 7/17/2020

20200729-AHFC002, Agenda Backup: Recommendation for Action, PDF, 100kb, posted 7/17/2020

Item AHFC003 - July 29, 2020

Approve a resolution authorizing the amendment of the Certification of Formation of AHFC Vi Collina Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation to clarify its limited purposes related to Vi Collina Apartments. District(s) Affected: District 3.

Executed Resolution

Resolution No. 20200729-AHFC003, PDF, 5.4mb, posted 8/10/2020

Work Papers and Other Backup Documentation

20200729-AHFC003, Agenda Backup: Draft Exhibit A, PDF, 399kb, posted 7/17/2020

20200729-AHFC003, Agenda Backup: Draft Resolution, PDF, 128kb, posted 7/17/2020

20200729-AHFC003, Agenda Backup: Recommendation for Action, PDF, 124kb, posted 7/17/2020

Item AHFC004 - July 29, 2020

Approve the negotiation and execution of a loan agreement and related documents with Austin Housing Finance Corporation V6 Investor Non-Profit Corporation, in an amount not to exceed $750,000, to provide funds to the Corporation to purchase the Investor Limited Partner interests in the Villas on Sixth Housing Associates Limited Partnership, the development owner of the affordable multi-family rental development known as the Villas on Sixth, located at 2011 E. 6th Street, Austin, Texas. District(s) Affected: District 3.

Work Papers and Other Backup Documentation

20200729-AHFC004, Agenda Backup: Backup, PDF, 67kb, posted 7/17/2020

20200729-AHFC004, Agenda Backup: Recommendation for Action, PDF, 138kb, posted 7/17/2020

Item AHFC005 - July 29, 2020

Approve a resolution authorizing AHFC V6 Investor Non-Profit Corporation to be formed as an affiliate and instrumentality of the Austin Housing Finance Corporation; approving its Certificate of Formation and Bylaws; appointing its Board of Directors and President; and authorizing AHFC V6 Investor Non-Profit Corporation to purchase the Investor Limited Partner interests in the development owner, Villas on Sixth Housing Associates Limited Partnership and to undertake any other matter relating to the Villas on Sixth development approved by its Board of Directors. District(s) Affected: District 3.