November 2nd, 2017

To authorize Strategic Housing Finance Corporation to issue up to $12.5 million in tax-exempt multifamily housing revenue bonds to provide construction financing for Phase II of the proposed 80-unit Heights on Parmer 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.

To authorize Strategic Housing Finance Corporation's participation in developing Phase II of the Heights on Parmer Apartments affordable housing project in Austin, including land acquisition, ground leasing, equity and bridge financing, service agreements, and execution of related documents.