City of Austin Housing Finance Corporation Board of Directors met Nov. 18.
Here are the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened in the Council Chambers of City Hall, 301 W. 2nd Street, Austin, Texas. 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 11:59 a.m.
CONSENT AGENDA
AHFC1. Approve a resolution authorizing the formation of AHFC Manor Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Manor Non-Profit Corporation to act as general partner of the limited partnership that will own and operate the to-be-constructed low-income multifamily development located at or near 3515 Manor Road, Austin, TX 78723. District(s) Affected: District 1.
Resolution No. 20211118-AHFC001 was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC2. Approve the negotiation and execution of a loan agreement and related documents with RGTP Real Estate, LLC, or an affiliated entity, in an amount not to exceed $2,600,000 for a permanent supportive housing development to be known as Redfield 34, located at or near 8806 & 8807 Redfield Lane, Austin, Texas 78758. District(s) Affected: District 4.
This item was withdrawn.
AHFC3. Approve the negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $2,133,000 for a rental housing development to be known as La Vista de Lopez, located at or near 809 E. 9th St, Austin, Texas 78702. District(s) Affected: District 1.
The motion authorizing the negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC4. Approve the negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $2,400,000 for the development of ownership housing to be known as GSNZ 7 Acres West located at or near 2721 Goodwin Avenue, Austin, Texas 78702. District(s) Affected: District 1.
The motion authorizing the negotiation and execution of a loan agreement and related documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC5. Approve the negotiation and execution of a loan agreement and related documents with Austin Habitat for Humanity, Inc., or an affiliated entity, in an amount not to exceed $4,671,587 for an ownership housing development to be known as Persimmon at Meadow Lake, located at or near 7051 Meadow Lake Boulevard, Austin, Texas 78744. District(s) Affected: District 2.
The motion authorizing the negotiation and execution of a loan agreement and related documents with Austin Habitat for Humanity, Inc., or an affiliated entity was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC6. Approve the negotiation and execution of a loan agreement and related documents with Summertree Development, LLC., or an affiliated entity, in an amount not to exceed $2,040,000 for an ownership housing development to be known as 7308 South Congress, located at or near 7308 South Congress Avenue, Austin, Texas 78745. District(s) Affected: District 2.
The motion authorizing the negotiation and execution of a loan agreement and related documents with Summertree Development, LLC., or an affiliated entity, was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC7. Approve the negotiation and execution of a loan agreement and related documents with Westgate Momark, LLC, or an affiliated entity, in an amount not to exceed $945,000 for an ownership housing development to be known as Canopy at Westgate Grove II located at or near 8601 Westgate Boulevard, Austin Texas 78745. District(s) Affected: District 5.
The motion authorizing the negotiation and execution of a loan agreement and related documents with Westgate Momark, LLC, or an affiliated entity, was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
AHFC8. Approve the negotiation and execution of a loan agreement and related documents with RGTP Real Estate, LLC, or an affiliated entity, in an amount not to exceed $2,850,000 for a permanent supportive housing development to be known as Redfield 34, located at or near 8806 & 8807 Redfield Lane, Austin, Texas 78758. District(s) Affected: District 4.
The motion authorizing the negotiation and execution of a loan agreement and related documents with RGTP Real Estate, LLC, or an affiliated entity, was approved on consent on Director Renteria’s motion, Director Ellis’ second on an 11-0 vote.
President Adler adjourned the meeting at 12:09 p.m. without objection.
https://www.austintexas.gov/edims/document.cfm?id=372625