Austin Housing Finance Corporation

Thursday, September 26, 2024 The Austin Housing Finance Corporation will convene at 10:30 AM on Thursday, September 26, 2024 at Austin City Hall Austin City Hall, 301 W. Second Street, Austin, TX and some board members may be participating via videoconference. Kirk Watson Natasha Harper-Madison Vanessa Fuentes José Velásquez José "Chito" Vela Ryan Alter Mackenzie Kelly Leslie Pool Paige Ellis Zohaib “Zo” Qadri Alison Alter 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 Austin Housing Finance Committee Board of Directors meetings for May 2, 2024, May 30, 2024, and July 18, 2024. 2. Approve a resolution authorizing the issuance of Austin Housing Finance Corporation multi-family housing revenue bonds, in an aggregate principal amount of up to $64,819,515 to Austin Leased Housing Associates V, LP, or an affiliated entity, to finance the development of Sage at Franklin Park, located at or near 4605 South Pleasant Valley Road, Austin, Texas 78744; approving related documents, in substantially the form attached to the resolution; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. 3. Approve a resolution authorizing the formation of AHFC 12100 Metric Non-Profit Corporation, a Texas nonprofit corporation 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 12100 Metric Non-Profit Corporation to act as general partner of the limited partnership that will own Twelve100 located at or near 12100 Metric Boulevard, Austin, Texas 78758. 4. Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire Twelve100, a 384-unit multifamily development for affordable housing purposes, located at 12100 Metric Boulevard, Austin, Texas 78758, in an amount not to exceed $7,000,000, including closing costs; and authorize negotiation and execution of a ground lease (District 7). 5. Authorize negotiation and execution of a 12-month agreement with two 12-month renewal options, with the Housing Authority of the City of Austin to administer the Austin Housing Finance Corporation’s Local Housing Voucher program, in an amount not to exceed $6,000,000. 6. Authorize negotiation and execution of a loan agreement and related documents with Austin Revitalization Authority, or an affiliated entity, in an amount not to exceed $674,000 to assist with the acquisition of a four-unit affordable housing development located at 8418 Riverstone Drive, Austin, Texas 78724. 7. Authorize negotiation and execution of a Housing Assistance Payment Contract and related documents with the City of Austin for 50 local housing vouchers that will pay fair market rent for a permanent supportive housing project to be known as Bungalows at Century Park, to be operated by Austin-Travis County Mental Health and Retardation Center d/b/a Integral Care, and to be located at 13311 Burnet Road, Austin, Texas 78727. Adjourn