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Resolution No. SHFC-2025-11

April 10, 2025

To authorize the negotiation of a Purchase and Sale Agreement for Cambridge Villas Apartments and a Memorandum of Understanding regarding the Corporation's continued participation in the property. The resolution allows the Executive Director to negotiate with a qualified third-party purchaser for the sale of the multifamily residential development located in Pflugerville, Texas, while preserving the property's existing tax abatement and affordability restrictions. The Special Limited Partner has exercised its right to require a sale, and the resolution outlines financial terms including ground lease, cash flow, and refinancing provisions, with Strategic HFC retaining a purchase option and right of first refusal.

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