Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
October 15, 2009
Meeting Agenda
Agenda, 44kb
Approved Meeting Minutes
The minutes for the Regular meeting of October 15, 2009 were approved on the 5th day of November 2009 on Board Member Cole's motion, Vice President Martinez' second on a 7-0 vote.
AHFC Minutes, 69kb
Video
Agenda Items - October 15, 2009
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 |
Item AHFC001 - October 15, 2009
Approve the minutes of the AHFC Special Called Board meeting of September 14, 2009 and regular Board meeting of September 24, 2009.
The minutes for the Austin Housing Finance Corporation special called meeting of September 14, and regular meeting of September 24, 2009 were approved on Board Member Cole's motion, Board Member Spelman's second on a 7-0 vote.
Work Papers and Other Backup Documentation
20091015-AHFC001, Agenda Backup, PDF, 78kb
Item AHFC002 - October 15, 2009
Approve negotiation and execution of a loan to AUSTIN-TRAVIS COUNTY MENTAL HEALTH AND MENTAL RETARDATION CENTER, or its affiliate organization, under the Rental Housing Development Assistance Program, in an amount not to exceed $1,752,175, in compliance with applicable affordable housing general obligation bond financing requirements and performance goals, to rehabilitate the property and improvements at 403 East 15th Street to serve as a 24-bed transitional housing facility for low- to moderate-income persons.
The motion authorizing the negotiation and execution of a loan to Austin-Travis County Mental Health and Mental Retardation Center was approved on Board Member Spelman's motion, Vice President Martinez' second, on a 6-0 vote. Board Member Cole abstained. Direction was given to staff to perform an appraisal on the Ronald McDonald House for the highest and best use.
Work Papers and Other Backup Documentation
20091015-AHFC002, Agenda Backup, PDF, 105kb
Item AHFC003 - October 15, 2009
Approve negotiation and execution of a loan to SUMMIT HOUSING PARTNERS MANAGEMENT, LLC, or its affiliate, in an amount not to exceed $2,500,000, under the Rental Housing Development Assistance Program, to acquire and rehabilitate 130 affordable units of multi-family housing located at the Elm Ridge Apartments, 1161 Harvey Street.
The motion authorizing the negotiation and execution of a loan to Summit Housing Partners Management, LLC was approved on Board Member Spelman's motion, Vice President Martinez' second, on a 7-0 vote.
Work Papers and Other Backup Documentation
20091015-AHFC003, Agenda Backup, PDF, 109kb
Item AHFC004 - October 15, 2009
Approve a resolution adopting revised purchasing policies for the Austin Housing Finance Corporation.
Resolution No. 20091015-AHFC004 was approved on Board Member Spelman's motion, Vice President Martinez' second on a 7-0 vote.
Executed Resolution
Resolution No. 20091015-AHFC004, PDF, 88kb
Work Papers and Other Backup Documentation
20091015-AHFC004, Agenda Backup, PDF, 113kb
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