Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
November 6, 2008
Meeting Agenda
Agenda, 55kb
Approved Meeting Minutes
The minutes for the Regular meeting of November 6, 2008 were approved on the 20th day of November 2008 on Board Member Leffingwell's motion, Board Member Martinez' second on a 6-0 vote. Vice President McCracken was absent.
AHFC Minutes, 82kb
Agenda Items
Item AHFC001 - November 6, 2008
Approve the minutes of the September 25, 2008 Board meeting of the Austin Housing Finance Corporation.
The minutes for the Austin Housing Finance Corporation meeting of September 25,, 2008 were approved.
There are no documents available for this agenda item.
Item AHFC002 - November 6, 2008
Approve a resolution authorizing a 50-year Ground Lease with Chestnut Senior Housing Corporation, for the unimproved real property at the corner of East Martin Luther King Blvd and E. M. Franklin Avenue, including a 25-year extension option and an option to purchase the property at the end of the lease term.
Resolution No. 20081106-AHFC002 was approved.
Executed Resolution
Resolution No. 20081106-AHFC002, PDF, 1.9mb
Item AHFC003 - November 6, 2008
Approve the negotiation and execution of a loan to AUSTIN NEIGHBORHOOD ALLIANCE FOR HABITAT, INC., an affiliate of Austin Habitat For Humanity, Inc., under the Acquisition and Development Program, in an amount not to exceed $234,580, in compliance with applicable Acquisition and Development Program financing requirements and performance goals, to assist with the acquisition of three improved properties, located at 7402, 7418, and 7420 Thannas Way, to be sold to low- and moderate-income buyers.
The motion authorizing the negotiation and execution of a loan was approved.
There are no documents available for this agenda item.
Item AHFC004 - November 6, 2008
Approve a Resolution authorizing the staff and legal representatives to apply for an allocation of up to $60,000,000 of Housing and Economic Recovery Act volume cap multi-family non-recourse bonds to finance the acquisition and rehabilitation, or new construction, of up to five affordable multi-family apartment complexes.
Resolution No. 20081106-AHFC004 was approved.
Executed Resolution
Resolution No. 20081106-AHFC004, PDF, 94kb
Item AHFC005 - November 6, 2008
Authorize the negotiation and execution of a one year contract with the Housing Authority of the City of Austin to fund and administer the Tenant Based Rental Assistance program to provide housing opportunities through subsidies to homeless families in an amount not to exceed $567,000 with two one-year extension options in an amount not to exceed $567,000 per extension, for a total contract not to exceed $1,701,000.
The motion authorizing the negotiation and execution of a contract with the Housing Authority of the City of Austin was approved.
There are no documents available for this agenda item.
Item AHFC006 - November 6, 2008
Discuss legal issues related to the negotiation of a loan agreement for the redevelopment of the former Stoneridge Apartments' site at 1418-1500 South Lamar Boulevard . (Private Consultation with Attorney - Section 551.071).
This item was withdrawn.
There are no documents available for this agenda item.
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