August 2nd, 2018

To approve a Memorandum of Understanding between Strategic Housing Finance Corporation and LDG Development, LLC for SHFC's participation in developing the proposed 172-unit Commons at Manor Village affordable housing project in Manor, including ownership interest, bond issuance, construction roles, and execution of related documents.

To authorize Strategic Housing Finance Corporation to issue up to $20 million in tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 172-unit Commons at Manor Village affordable housing development located at 12219 East U.S. Highway 290 in Manor. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.

To authorize SHFC's participation in developing the proposed 172-unit Commons at Manor Village affordable housing project in Manor, including land acquisition, construction financing through debt and equity, service as general contractor, and execution of related agreements and documents.

To approve the performance evaluation template recommendations from Woollard Nichols and Associates for evaluating the Executive Director and Director of Real Estate positions, including revising the performance evaluation process for the Director of Real Estate position and revising the performance evaluation tools and compensation packages for both positions.