Austin Housing Finance Corporation

THE AUSTIN HOUSING FINANCE CORPORATION WILL MEET ON WEDNESDAY, JULY 29, 2020 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 the meeting minutes of the June 11, 2020 board meeting of the Austin Housing Finance Corporation. 2. Approve an inducement resolution for an allocation of up to $20,000,000 in private activity volume cap multi-family non-recourse bonds to Espero Austin at Rutland, LP, or an affiliated entity, for a proposed affordable multi-family development to be known as Espero Austin at Rutland, located at or near 1934 Rutland Drive, Austin, Texas, 78758. District(s): District 4 3. Approve a resolution authorizing the amendment of the Certification of Formation of AHFC Vi Collina Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation to clarify its limited purposes related to Vi Collina Apartments. District(s): District 3 4. Approve the negotiation and execution of a loan agreement and related documents with Austin Housing Finance Corporation V6 Investor Non-Profit Corporation, in an amount not to exceed $750,000, to provide funds to the Corporation to purchase the Investor Limited Partner interests in the Villas on Sixth Housing Associates Limited Partnership, the development owner of the affordable multi-family rental development known as the Villas on Sixth, located at 2011 E. 6th Street, Austin, Texas. District(s): District 3 5. Approve a resolution authorizing AHFC V6 Investor Non-Profit Corporation to be formed as an affiliate and instrumentality of the Austin Housing Finance Corporation; approving its Certificate of Formation and Bylaws; appointing its Board of Directors and President; and authorizing AHFC V6 Investor Non-Profit Corporation to purchase the Investor Limited Partner interests in the development owner, Villas on Sixth Housing Associates Limited Partnership and to undertake any other matter relating to the Villas on Sixth development approved by its Board of Directors. 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.