April 10th, 2025

To approve and adopt the 2025 Executive Director Evaluation Criteria, as detailed in Exhibit A of the resolution. This resolution outlines the criteria for assessing the Executive Director's performance throughout the year, encompassing areas such as Housing Production & Management, Board of Directors Priorities & Support, Financial & Administrative Oversight, and Organizational Development & Human Capital, and also authorizes the Finance and Administration Committee to make non-material adjustments to the criteria as needed, provided such changes are reported to the Executive Director and Board of Directors.

To authorize the negotiation of a Purchase and Sale Agreement for Cambridge Villas Apartments and a Memorandum of Understanding regarding the Corporation's continued participation in the property. The resolution allows the Executive Director to negotiate with a qualified third-party purchaser for the sale of the multifamily residential development located in Pflugerville, Texas, while preserving the property's existing tax abatement and affordability restrictions. The Special Limited Partner has exercised its right to require a sale, and the resolution outlines financial terms including ground lease, cash flow, and refinancing provisions, with Strategic HFC retaining a purchase option and right of first refusal.

To approve Strategic Housing Finance Corporation's participation in the Midtown Highline multifamily residential development in Austin, Texas. The resolution authorizes creating two new limited liability companies, executing a Memorandum of Understanding with Civicap Partners Ventures, LLC, and negotiating transaction documents. The resolution provides broad authorization for Corporation officers to form entities and complete the project, which will include affordable housing units.