December 8, 2022 Austin Housing Finance Corporation (AHFC) Board of Directors Regular Meeting

Regular Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
December 8, 2022

Agenda Items - December 8, 2022

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

AHFC001	AHFC002	AHFC003	AHFC004	AHFC005	AHFC006	AHFC007	AHFC008	AHFC009	AHFC010
AHFC011	AHFC012	AHFC013

Item AHFC001 - December 8, 2022

Approve the meeting minutes of the November 3, 2022, Board of Directors meeting of the Austin Housing Finance Corporation.

Work Papers and Other Backup Documentation

20221208-AHFC001, Agenda Backup: November 3, 2022 Draft Minutes, PDF, 123 KB, posted 12/2/2022

20221208-AHFC001, Agenda Backup: Recommendation for Action, PDF, 109 KB, posted 12/2/2022

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Item AHFC002 - December 8, 2022

Authorize negotiation and execution of all documents and instruments necessary or desirable for Austin Housing Finance Corporation, or its affiliates, to acquire solely, or in joint partnership, fee simple interest in multifamily apartments located at or near 1100 E. 32nd Street, Austin, Texas, 78722; 4000 Avenue A, Austin, Texas, 78751; 4415 Avenue B, Austin, Texas, 78751; 1037 E. 44th Street, Austin, Texas, 78751; 4100 Avenue A, Austin, Texas, 78751; 609 E. 45th Street, Austin, Texas, 78751; 4209 Speedway, Austin, Texas, 78751; 6000, 6008, and 6010 North Lamar Blvd., Austin, Texas, 78752; and 4200 and 4208 Avenue A, Austin, Texas, 78751 for affordable housing purposes, in an amount not to exceed $19,000,000, plus closing costs not to exceed $400,000. District(s) Affected: District 7, District 9.

Work Papers and Other Backup Documentation

20221208-AHFC002, Agenda Backup: Exhibit A - Matrix, PDF, 43 KB, posted 12/2/2022

20221208-AHFC002, Agenda Backup: Recommendation for Action, PDF, 115 KB, posted 12/2/2022

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Item AHFC003 - December 8, 2022

Approve a resolution authorizing the formation of AHFC Avalon Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the forms of its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Avalon Non-Profit Corporation to acquire, rehabilitate, operate, and manage property located at or near 1100 East 32nd Street, Austin, Texas 78722. District(s) Affected: District 7, District 9.

Executed Resolution

Resolution No. 20221208-AHFC003, PDF, 7.9 MB, posted 12/28/2022

Work Papers and Other Backup Documentation

20221208-AHFC003, Agenda Backup: Draft Resolution, PDF, 90 KB, posted 12/2/2022

20221208-AHFC003, Agenda Backup: Exhibit A, PDF, 213 KB, posted 12/2/2022

20221208-AHFC003, Agenda Backup: Exhibit B, PDF, 133 KB, posted 12/2/2022

20221208-AHFC003, Agenda Backup: Recommendation for Action, PDF, 131 KB, posted 12/2/2022

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Item AHFC004 - December 8, 2022

Approve a resolution authorizing the formation of AHFC Central Fiesta Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the forms of its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Central Fiesta Non-Profit Corporation to act as general partner or controlling member of the general partner of the limited partnership that will own properties located at or near 6000, 6008, and 6010 North Lamar Blvd., Austin, Texas, 78752; and 4200 and 4208 Avenue A, Austin, Texas, 78751. District(s) Affected: District 7, District 9.

Executed Resolution

Resolution No. 20221208-AHFC004, PDF, 8.5 MB, posted 12/28/2022

Work Papers and Other Backup Documentation

20221208-AHFC004, Agenda Backup: Draft Resolution, PDF, 94 KB, posted 12/2/2022

20221208-AHFC004, Agenda Backup: Exhibit A, PDF, 185 KB, posted 12/2/2022

20221208-AHFC004, Agenda Backup: Exhibit B, PDF, 137 KB, posted 12/2/2022

20221208-AHFC004, Agenda Backup: Recommendation for Action, PDF, 117 KB, posted 12/2/2022

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Item AHFC005 - December 8, 2022

Approve a resolution authorizing the formation of AHFC Hyde Park Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the forms of its Certificate of Formation and By-Laws; appointing its Board of Directors and President; and authorizing AHFC Hyde Park Non-Profit Corporation to act as general partner or controlling member of the general partner of the limited partnership that will own properties located at or near 4415 Avenue B, Austin, Texas 78751; 1037 East 44th Street, Austin, Texas 78751; 4100 Avenue A, Austin, Texas 78751; 609 East 45th Street, Austin, Texas 78751; and 4209 Speedway, Austin, Texas 78751. District(s) Affected: District 7, District 9.

Executed Resolution

Resolution No. 20221208-AHFC005, PDF, 8.0 MB, posted 12/28/2022

Work Papers and Other Backup Documentation

20221208-AHFC005, Agenda Backup: Draft Resolution, PDF, 41 KB, posted 12/2/2022

20221208-AHFC005, Agenda Backup: Exhibit A, PDF, 80 KB, posted 12/2/2022

20221208-AHFC005, Agenda Backup: Exhibit B, PDF, 45 KB, posted 12/2/2022

20221208-AHFC005, Agenda Backup: Recommendation for Action, PDF, 117 KB, posted 12/2/2022

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Item AHFC006 - December 8, 2022

Approve a resolution authorizing the formation of AHFC Villa Del Rey Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the forms of its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Villa Del Rey Non-Profit Corporation to acquire, rehabilitate, operate, and manage property located at or near 4000 Avenue A, Austin, Texas 78751. District(s) Affected: District 7, District 9.

Executed Resolution

Resolution No. 20221208-AHFC006, PDF, 7.7 MB, posted 12/28/2022

Work Papers and Other Backup Documentation

20221208-AHFC006, Agenda Backup: Draft Resolution, PDF, 23 KB, posted 12/2/2022

20221208-AHFC006, Agenda Backup: Exhibit A, PDF, 76 KB, posted 12/2/2022

20221208-AHFC006, Agenda Backup: Exhibit B, PDF, 43 KB, posted 12/2/2022

20221208-AHFC006, Agenda Backup: Recommendation for Action, PDF, 115 KB, posted 12/2/2022

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Item AHFC007 - December 8, 2022

Authorize negotiation and execution of a Housing Assistance Payment Contract and related documents with Family Eldercare for 28 Local Housing Vouchers that will pay fair market rent for a permanent supportive housing project known as Pecan Gardens, located at 10811 Pecan Park Boulevard, Austin, Texas 78750. District(s) Affected: District 6.

Work Papers and Other Backup Documentation

20221208-AHFC007, Agenda Backup: Recommendation for Action, PDF, 116 KB, posted 12/2/2022

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Item AHFC008 - December 8, 2022

Authorize negotiation and execution of a Housing Assistance Payment Contract and related documents with Cady Lofts, LLC, or an affiliated entity, for 25 Local Housing Vouchers that will pay fair market rent for a multi-family rental development to be known as Cady Lofts, located at or near 1004, 1006, and 1008 East 39th Street, Austin, Texas. District(s) Affected: District 9.

Work Papers and Other Backup Documentation

20221208-AHFC008, Agenda Backup: Recommendation for Action, PDF, 102 KB, posted 12/2/2022

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Item AHFC009 - December 8, 2022

Authorize negotiation and execution of a Housing Assistance Payment Contract and related documents with Integral Care for 60 Local Housing Vouchers that will pay fair market rent for a permanent supportive housing project known as Seabrook Square II, located at 3515 Manor Road, Austin, Texas 78723. District(s) Affected: District 1.

Work Papers and Other Backup Documentation

20221208-AHFC009, Agenda Backup: Recommendation for Action, PDF, 118 KB, posted 12/2/2022

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Item AHFC010 - December 8, 2022

Authorize negotiation and execution of a 12-month contract with the Housing Authority of the City of Austin to administer Austin Housing Finance Corporation’s Local Housing Voucher Program, which will provide Permanent Supportive Housing rental subsidies to the owners of developments that serve individuals exiting homelessness, in an amount not to exceed $6,000,000.

Work Papers and Other Backup Documentation

20221208-AHFC010, Agenda Backup: Recommendation for Action, PDF, 117 KB, posted 12/2/2022

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Item AHFC011 - December 8, 2022

Authorize negotiation and execution of an 11-month contract with the Housing Authority of the City of Austin to fund and administer the Homeless Assistance/Tenant-Based Rental Assistance Program, which provides housing opportunities through subsidies to individuals experiencing homelessness, in an amount not to exceed $1,264,779.

Work Papers and Other Backup Documentation

20221208-AHFC011, Agenda Backup: Recommendation for Action, PDF, 115 KB, posted 12/2/2022

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Item AHFC012 - December 8, 2022

Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $50,000,000 in private activity volume cap multi-family non-recourse bonds to Austin Leased Housing Associates V, LP, or an affiliated entity, for a proposed affordable multi-family development to be known as Sage at Franklin Park, located at or near 4500 Nuckols Crossing Road, Austin, Texas 78744. District(s) Affected: District 2.

Executed Resolution

Resolution No. 20221208-AHFC012, PDF, 2.4 MB, posted 12/14/2022

Work Papers and Other Backup Documentation

20221208-AHFC012, Agenda Backup: Backup, PDF, 80 KB, posted 12/2/2022

20221208-AHFC012, Agenda Backup: Draft Resolution, PDF, 108 KB, posted 12/2/2022

20221208-AHFC012, Agenda Backup: Exhibit A, PDF, 34 KB, posted 12/2/2022

20221208-AHFC012, Agenda Backup: Recommendation for Action, PDF, 133 KB, posted 12/2/2022

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Item AHFC013 - December 8, 2022

Approve a resolution authorizing the issuance of Austin Housing Finance Corporation Multi-family Housing Revenue Bonds, in an aggregate principal amount up to $9,000,000, to provide financing for the development of the Live Make Apartments located at 1127 Tillery Street, Austin, Texas 78702; approving related documents, in substantially the form attached to the resolution; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. District(s) Affected: District 3.