Austin Housing Finance Corporation

THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON THURSDAY, DECEMBER 14, 2017 AT 10:30 AM, AUSTIN CITY HALL 301 W. SECOND STREET AUSTIN, TX Steve Adler Kathie Tovo Ora Houston Delia Garza Sabino “Pio” Renteria Gregorio Casar Ann Kitchen Jimmy Flannigan Leslie Pool Ellen Troxclair Alison Alter AGENDA The Board of Directors will go into a closed session under Chapter 551 of the Texas Government Code to receive advice from legal counsel, to discuss matters of land acquisition, to discuss personnel matters, or for other reasons permitted by law as specifically listed on this agenda. If necessary, the Board may go into a closed session as permitted by law regarding any item on this agenda. Consent 1. Approve the meeting minutes of the 3/23/2017, 8/3/2017, 9/13/2017, and 10/19/2017 Austin Housing Finance Corporation. 2. Authorize an increase of $1,270,000 to an existing loan to Austin Habitat for Humanity, Inc. or an affiliated entity, for a total loan amount not to exceed $2,520,000 to assist with the development of the Scenic Point Subdivision, Phase II, to provide homeownership opportunities for low- and moderate-income households. District(s): District 1 3. Approve a resolution authorizing the formation of Austin Housing Finance Corporation NIGHTINGALE NON-PROFIT CORPORATION, a Texas non-profit corporation and instrumentality of the Austin Housing Finance Corporation, approving its Certificate of Formation, Articles of Incorporation, By-laws, and appointing its board of directors and president. District(s): District 2 4. Approve the negotiation and execution of a loan agreement with Austin DMA Housing III, LLC, or an affiliated entity, in an amount not to exceed $2,000,000 for a mixed-income, affordable, senior housing development to be known as The Nightingale, located at 5900 Charles Merle Drive in the Goodnight Ranch Planned Unit Development. District(s): District 2 5. Authorize the Austin Housing Finance Corporation to negotiate and execute an increase in the amount of a proposed loan agreement with the Austin Geriatric Center, Inc., or an affiliated entity, of $3,479,000 for a total loan amount not to exceed $6,479,000 to rehabilitate senior housing at the Rebekah Baines Johnson Center and develop new mixed-income housing on the site located at 21 Waller Street. District(s): District 3 6. Authorize an increase in the amount of a proposed loan agreement by $1,200,000 to be negotiated and executed with Saigebrook Development, LLC, or an affiliated entity, for a total loan amount not to exceed $3,320,000 to assist with the development of multi-family rental housing, including permanent supportive housing to serve extremely low-income persons and to be located at 3300 Oak Creek Drive.. District(s): District 7 7. Authorize an increase in the amount of a proposed loan agreement by $1,000,000 to be negotiated and executed with LifeWorks Affordable Housing Corporation, or an affiliated entity, for a total amount not to exceed $1,810,000, to assist with the development of the Works at Pleasant Valley, Phase II, to provide affordable rental housing for LifeWorks’ clients at the site located at 2800 Lyons Road. District(s): District 3 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.