November 21st, 2019

To approve a Memorandum of Understanding between Strategic Housing Finance Corporation of Travis County and ICON Builders/Kelly Sands or their designated affiliate for SHFC's participation in developing the proposed 280-unit Austin Manor Apartments affordable housing project, including ownership interest, serving as bond issuer and tax credit applicant, and assisting as codeveloper and general contractor.

To authorize Strategic Housing Finance Corporation to issue tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 280-unit Austin Manor Apartments affordable housing development to be located at the intersection of Farmhaven and Boyce Lane in Austin, with units reserved for families earning 30-60% AMFI. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.

To authorize SHFC and affiliated entities' participation in developing the proposed 280-unit Austin Manor 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.

To authorize Strategic Housing Finance Corporation to issue tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 262-unit Decker Lofts affordable housing development to be located at approximately 9000 Decker Lane in Austin, with 46 units reserved at 40% AMFI, 165 units at 60% AMFI, 46 units at 80% AMFI, and 5 units at market rate. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.

To authorize SHFC and affiliated entities' participation in developing the proposed 262-unit Decker Lofts 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.

To authorize Strategic Housing Finance Corporation to issue tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 300-unit Yager Lane Apartments affordable housing development located at 4818 East Yager Lane in Manor, with 100% of units reserved for tenants at or below 60% AMFI. 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 tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 316-unit Wildhorse Apartments affordable housing development to be located on Wildhorse Ranch Trail just southeast of the intersection of Highway 290 and Highway 130 in Travis County.