Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
September 30, 2004
Approved Meeting Minutes
The minutes for the Austin Housing Finance Corporation meeting of September 30, 2004 were approved on Board Member Alvarez' motion, President Wynn's second on a 6-0 vote. Board Member Slusher was off the dais.
Minutes, 73kb
Agenda Items
Item AHFC001 - September 30, 2004
Approve the minutes of the September 2, 2004, and September 13, 2004 Board meetings of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meetings of August 26, 2004 and September 13, 2004 were approved on Board Member Thomas' motion, Board Member McCracken's second on a 7-0 vote
Work Papers and Other Backup Documentation
20040930-AHFC001, Agenda Backup, PDF, 18kb
Item AHFC002 - September 30, 2004
Authorize inducement resolutions authorizing the submission of applications to the Texas Bond Review Board for bond authority under the state's annual multi-family private activity volume cap for: the Loyola Park Apartments, a 248-unit complex to be built at 6100 Loyola Lane, sponsored by Chris Dischinger, Louisville, KY, and in an amount not to exceed $15,000,000; the Interport Meadows Apartments, a 250-unit complex to be built in the 11000 block of Fallwell Lane, sponsored by Southwest Housing Development Company, Dallas, TX, and in an amount not to exceed $15,000,000; and the Fallwell Meadows Apartments, a 250-unit complex to be built in the 11000 block of Fallwell Lane, sponsored by Southwest Housing Development Company, Dallas, TX, and in an amount not to exceed $15,000,000. (Each applicant pays its own application fee directly to the Texas Bond Review Board.)
AHFC Resolution Nos. 040930-2A, 040930-2B and 040930-2C were approved on Board Member Thomas' motion, Board Member Dunkerley's second on a 7-0 vote.
Executed Resolution
20040930-AHFC002A, Resolution, PDF, 429kb
20040930-AHFC002B, Resolution, PDF, 435kb
20040930-AHFC002C, Resolution, PDF, 439kb
Work Papers and Other Backup Documentation
20040930-AHFC002, Agenda Backup, PDF, 640kb
Item AHFC003 - September 30, 2004
Approve a resolution amending Austin Housing Finance Corporation 2004-2005 Grant Operating Budget as set forth in Exhibit A to Austin Housing Finance Corporation Resolution No. 040913-1 to create a new "Source of Funds, Program Income (Sales Proceeds)" line item entitled "HOME-Match" in the amount of $933,577 for a Program Income (Sales Proceeds) budget total of $3,079,652, and to create a new "Use of Funds, Homeownership Development Acquisition and Development' line item entitled "HOME-Match" in the amount of $933,577 for a Acquisition and Development budget of $4,714 273. (Funding is available from HOPE III program income generated from the construction and sale of twelve homes by Neighborhood Housing Services, Inc.)
AHFC Resolution No. 040930-3 was approved on Board Member Thomas' motion, Board Member McCracken's second on a 7-0 vote.
Executed Resolution
Resolution No. 20040930-AHFC003, PDF, 41kb
Work Papers and Other Backup Documentation
20040930-AHFC003, Agenda Backup, PDF, 103kb
Item AHFC004 - September 30, 2004
Authorize the negotiation and execution of a one-year service agreement with the City of Austin in an amount not to exceed $13,574,670 to fund AHFC's management and operation of various City housing programs in Fiscal Year 2004-2005, including: Tenant Based Rental Assistance, Rental Housing Development Assistance, Architectural Barrier Removal-Rental, Homebuyer Lending Assistance, Acquisition and Development, Architectural Barrier Removal-Homeowner, Emergency Home Repair, Homeowner Moderate Rehabilitation, and the Material Grants Program. (Funding in the amount of $13,574,670 from the Grant Operating Budget, including $1,143,479 from the Housing Trust Fund; $879,051 from the S.M.A.R.T. Housing' Capital Improvement Project Fund; $2,146,075 from HOME Program Income; $737,000 from the Community Development Block Grant revolving fund; $7,735,488 from the federal grant proceeds, and $933,577 from HOME Match income.) (Related Item 24)
The motion authorizing the service agreement was approved on Board Member Alvarez' motion, Vice President Goodman's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20040930-AHFC004, Agenda Backup, PDF, 108kb
Page updated: 7/17/2013
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