City of Austin Housing Finance Corporation Board of Directors Met May 6.
Here is the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened via Videoconference. The following were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors.
President Adler called the meeting to order at 11:39 a.m.
President Adler recessed the meeting at 11:42 a.m. without objection.
President Adler called the meeting to order at 3:42 p.m.
CONSENT AGENDA
AHFC1. Approve the minutes of the April 22, 2021 board meeting of the Austin Housing Finance Corporation.
The motion approving the minutes for the April 22, 2021 board meeting was approved on consent on Director Renteria’s motion, Vice President Harper-Madison’s second on an 11-0 vote.
AHFC2. Approve an inducement resolution related to an application for private activity bond financing that authorizes an allocation of up to $40,000,000 in private activity volume cap multi-family non-recourse bonds to Austin Leased Housing Associates VI, Limited Partnership, or an affiliated entity, for a proposed affordable multi-family development to be known as Woodway Square, located at 1700 Teri Road, Austin, Texas 78744. District(s) Affected: District 2.
Resolution No. 20210506-AHFC002 was approved on consent on Director Renteria’s motion, Vice President Harper-Madison’s second on an 11-0 vote.
AHFC3. Approve a resolution amending the Fiscal Year 2020-2021 Austin Housing Finance Corporation Capital Budget (20200812-AHFC002) to increase the budget in the amount of $1,100,000 for a total amended budget amount not to exceed $63,100,000.
Resolution No. 20210506-AHFC003 was approved on consent on Director Renteria’s motion, Vice President Harper-Madison’s second on an 11-0 vote.
AHFC4. Authorize the negotiation and execution of an amendment to the Fiscal Year 2020-2021 Service Agreement with the City of Austin by increasing funding for the Housing
Miscellaneous Project Fund in the amount of $1,100,000 for a total contract amount not to exceed $76,704,657.
The motion authorizing the negotiation and execution of an amendment to the Fiscal Year 2020-2021 Service Agreement with the City of Austin was approved on consent on Director Renteria’s motion, Vice President Harper-Madison’s second on an 11-0 vote.
President Adler adjourned the meeting at 3:46 p.m. without objection.
https://www.austintexas.gov/edims/document.cfm?id=360663