City of Austin Housing Finance Corporation Board of Directors will meet Sept. 1.
Here is the agenda provided by the board:
The Austin Housing Finance Corporation Will Meet At 10:30 Am, Austin City Hall 301 W. Second Street Austin, TX And Some Members Of City Council May Be Participating By Videoconference
AGENDA
The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda.
Consent
1. Approve negotiation and execution of a loan agreement and related documents with FC Balcones Terrace Housing Corporation, or an affiliated entity, in an amount not to exceed $2,449,419 for a rental development known as Balcones Terrace located at or near 10024 North Capital of Texas Highway, Austin, Texas 78759.
District(s): District 7
2. Approve the negotiation and execution of a loan agreement and related documents with SGI Ventures, LLC, or an affiliated entity, in an amount not to exceed $5,000,000 for a rental development to be known as Cady Lofts located at or near 1004, 1006, and 1008 East 39th Street, Austin, Texas 78751.
District(s): District 9
3. Authorize negotiation and execution of a contract with Capital Impact Partners in an amount not to exceed $352,770 for a term of 12 months beginning October 1, 2022, to develop training for small affordable housing developers operating in the City of Austin, Texas.
4. Authorize negotiation and execution of a loan agreement with Austin Revitalization Authority, or an affiliated entity, in an amount not to exceed $560,000 for an ownership development to be known as Carver Townhomes, to be located at or near 7217 Carver Avenue, Austin, Texas 78752.
District(s): District 4
5. Authorize negotiation and execution of a loan agreement with Capital A Housing, or an affiliated entity, in an amount not to exceed $195,000 for an ownership development to be known as 1021 E St Johns, to be located at or near 1021 East Saint Johns Avenue, Austin, Texas 78752.
District(s): District 4
6. Approve negotiation and execution of a loan agreement and related documents with Foundation Communities, Inc., or an affiliated, entity in an amount not to exceed $1,050,000 for a rental development to be known as Highland Studios located at or near 5900 Airport Blvd Austin, Texas 78752.
District(s): District 4
7. Approve negotiation and execution of a loan agreement and related documents with June West, LLC, or an affiliated entity, in an amount not to exceed $2,300,000 for a rental development known as June West located at or near 1200-1206 Koenig Lane, Austin, Texas 78756.
District(s): District 7
8. Authorize negotiation and execution of a loan agreement with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $3,084,310 for a rental development to be known as La Vista de Lopez, to be located at or near 809 East Ninth Street, Austin, Texas 78702.
District(s): District 1
9. Approve the negotiation and execution of a loan agreement and related documents with the Vecino Bond Group, LLC, or an affiliated entity, in an amount not to exceed $4,500,000 for a rental development to be known as Libertad Austin at Gardner located at or near 900 Gardner Road Austin, Texas 78702.
District(s): District 3
10. Approve 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 $920,000 for an ownership development to be known as Loyola, to be located at or near 5301 Loyola Lane, Austin, Texas 78723.
District(s): District 1
11. Approve a resolution authorizing the formation of AHFC Norman Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving the form of its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Norman Non-Profit Corporation to act as general partner of the limited partnership that will own a 156-unit multifamily rental development to be known as Norman Apartments located at or near 3811 Tannehill Lane, Austin, Texas.
District(s): District 1
12. Approve the negotiation and execution of a loan agreement and related documents with FC Parker Housing, LP, or an affiliated entity, in an amount not to exceed $5,563,669 for a rental development to be known as Parker Apartments to be located at or near 2105 Parker Lane, Austin, Texas 78741.
District(s): District 3
13. Authorize the negotiation and execution of a loan agreement with Austin Affordable Housing Corporation, or an affiliated entity, in an amount not to exceed $9,200,000 for a rental development to be known as Pathway at Rosewood Courts, to be located at or near 2001 Rosewood Avenue, Austin, Texas 78702.
District(s): District 1
14. 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 $4,671,586 for an ownership development known as Persimmon located at or near 7051 Meadow Lake Boulevard Austin, Texas 78744.
District(s): District 2
15. Authorize the negotiation and execution of a loan agreement with Family Eldercare, or an affiliated entity, in an amount not to exceed $3,400,000 for a rental development to be known as Rosewood II, to be located at or near 2824 and 2826 Real Street, Austin, Texas 78722.
District(s): District 1
16. Authorize the negotiation and execution of a loan agreement with Austin Area Urban League, or an affiliated entity, in an amount not to exceed $4,000,000 for a rental development to be known as UEZ I, to be located at or near 6314 FM Road 969 Austin, Texas 78724.
District(s): District 1
17. Approve the meeting minutes of the July 28, 2022, board meeting of the Austin Housing Finance Corporation.
Adjourn
The City of Austin is committed to compliance with the Americans with Disabilities Act.
Reasonable modifications and equal access to communications will be provided upon request.
For assistance, please call 512-974-2210 or TTY users route through 711.
https://www.austintexas.gov/edims/document.cfm?id=390364