July 10th, 2025

To approve and adopt the revised Workforce Housing Term Sheet, which establishes the transaction terms for the Corporation's workforce housing developments, detailing project screening criteria, mandatory affordability set-asides at various income levels, a two-part public benefit analysis, a schedule of fees, and specific underwriting guidelines and financial partnership terms.

To approve and adopt the LIHTC/Bond Transaction Term Sheet, which establishes the terms for the Corporation's participation in Low-Income Housing Tax Credit and bond-financed developments, detailing partnership structures, fee schedules for application, issuance, and developer fee sharing, ground lease terms, affordability requirements, and underwriting criteria.

To adopt the 2025-2026 Strategic Outlook, a short-term guide intended to inform policy and operational decisions by identifying key findings related to the Travis County housing market, such as high rent burden, fluctuating vacancy and rental rates, and a slowdown in new development, and establishing five strategic actions focused on maximizing community benefit from housing projects, building financial reserves, stewarding the existing portfolio, fostering collaboration with peer agencies, and strengthening internal organizational capacity.

To approve a Purchase and Sale Agreement for the Cambridge Villas Apartments with FRH Realty LLC, authorizing the Executive Director to execute the agreement upon written consent from the Special Limited Partner, who has exercised its right to require the sale, with the transaction being structured to allow a new partnership to be formed between the Corporation's general partner entity and the purchaser's affiliates to continue the development's ad valorem tax exemption.

[Not Discussed] To approve a Memorandum of Understanding (MOU) with FRH Realty LLC, the prospective purchaser of the Cambridge Villas Apartments. This resolution authorizes the Executive Director to execute the MOU, which will outline the terms and conditions for the Corporation's continued participation in the ownership and operation of the development. This ongoing involvement is necessary to maintain the property's full ad valorem tax exemption following the sale, which was initiated at the direction of the Special Limited Partner.