June 21st, 2018

To approve the FY2019 Annual Budget for Strategic Housing Finance Corporation, totaling revenues of $2,235,807, expenses of $914,030, and a net income of $1,321,778, and authorizing a Cost of Living Adjustment and incentive pay for staff.

To authorize Strategic Housing Finance Corporation to issue up to $24 million in tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 200-unit Lakeway Family Living affordable housing development in Austin. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.

To authorize Strategic Housing Finance Corporation to issue up to $35 million in tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 280-unit Parmer II at Bellingham Apartments affordable housing development in Austin. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.