Austin Housing Finance Corporation

THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON THURSDAY, AUGUST 8, 2019 AT 10:30 AM, AUSTIN CITY HALL 301 W. SECOND STREET AUSTIN, TX 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 a resolution adopting the Housing Assistance Fund for Fiscal Year 2018-2019 in the amount of $2,029,387. 2. Approve the negotiation and execution of a loan agreement with Foundation Communities, Inc., or an affiliated entity, in an amount not to exceed $5,500,000, for a multi-family rental development to be known as Foundation Village, to be located at or near 11704 and 11706 North Lamar Boulevard. District(s): District 7 3. Approve the negotiation and execution of a loan agreement with DMA Development Company, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as Talavera Lofts, to be located near the Southeast Corner of Navasota Street and East 5th Street. District(s): District 3 4. Approve the negotiation and execution of a loan agreement with O-SDA Industries, LLC, or an affiliated entity, in an amount not to exceed $2,000,000, for a multi-family rental development to be known as The Abali, to be located at 4603 - 4611 North I35 Frontage Road. District(s): District 9 5. Approve the negotiation and execution of a loan agreement with Project Transitions, Inc., or an affiliated entity, in an amount not to exceed $2,901,992, for the construction of 55 units within a rental development to be known as Burnet Place, to be located at or near 8007 Burnet Road. District(s): District 7 6. Authorize the negotiation and execution of new, additional, or amended loan agreement documents with Austin Habitat for Humanity, Inc., or an affiliated entity, in an amount not to exceed $2,030,000, for a home ownership development to be known as 4th and Onion, located at 1409 and 1411 East 4th Street. District(s): District 3 7. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Blackshear Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $100,000, for rehabilitation of rental units to be known as 1140 Salina Street Rehab, to be located at 1140 Salina Street. District(s): District 1 8. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Guadalupe Neighborhood Development Corporation, or an affiliated entity, in an amount not to exceed $240,000, for the rehabilitation of an existing 3-bedroom home, and new construction of one 2-bedroom home to be known as 6711 Porter, to be located at 6711 Porter Street. District(s): District 3 9. Authorize negotiation and execution of new, additional, or amended loan agreement documents with Springdale Arts Crossing, LLC, or an affiliated entity, in an amount not to exceed $240,000, for the construction of two new units within a home ownership development to be known as Springdale Crossing, to be located at or near 732 Springdale 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.