March 21st, 2019

To authorize Strategic Housing Finance Corporation to issue up to $30.825 million in tax-exempt multifamily housing revenue bonds and up to $4.175 million in taxable multifamily housing revenue bonds, for a total amount not to exceed $35 million, to provide construction financing for the proposed 240-unit Manchaca Commons Apartments affordable housing development located in Austin. 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 240-unit Manchaca Commons Apartments affordable housing project in Austin, including land acquisition, construction financing through debt and equity, service as general contractor, and execution of related agreements and documents.