The Strategic Housing Finance Corporation is committed to transparency and ensuring that our community stays informed about our board's decisions and resolutions. This page provides access to our board resolutions, which are formal actions taken by our board of directors to address important matters related to our affordable housing goals.
We believe in open communication and want to keep you informed about the decisions that shape our organization. We encourage you to explore the board resolutions to gain insight into the thoughtful actions taken by our board. It is through these resolutions that we continuously work to improve our services, provide affordable housing opportunities, and serve the needs of our community.
April 10, 2025
2025
To approve Strategic Housing Finance Corporation's participation in the Midtown Highline multifamily residential development in Austin, Texas. The resolution authorizes creating two new limited liability companies, executing a Memorandum of Understanding with Civicap Partners Ventures, LLC, and negotiating transaction documents. The resolution provides broad authorization for Corporation officers to form entities and complete the project, which will include affordable housing units.
April 10, 2025
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.
April 10, 2025
2025
To approve and adopt the 2025 Executive Director Evaluation Criteria, as detailed in Exhibit A of the resolution. This resolution outlines the criteria for assessing the Executive Director's performance throughout the year, encompassing areas such as Housing Production & Management, Board of Directors Priorities & Support, Financial & Administrative Oversight, and Organizational Development & Human Capital, and also authorizes the Finance and Administration Committee to make non-material adjustments to the criteria as needed, provided such changes are reported to the Executive Director and Board of Directors.
March 13, 2025
2025
To approve the execution of an amended and restated ground lease and a second amended and restated agreement of limited partnership; execution of certain agreements in connection with financing of the project; and containing other provisions relating to participation in a multifamily residential development known as Silver Springs Apartments.
March 13, 2025
2025
To consider and take action to ratify the execution of a renewed employee benefits contract.
March 13, 2025
2025
To consider a proposal and take appropriate action regarding engaging an auditing firm for the corporation.
March 13, 2025
2025
To consider and take appropriate action to a potential 2025 budget amendment for the Corporation.
February 13, 2025
2025
To authorize Strategic HFC staff and officers, including the Executive Director, to execute documents and take necessary actions, with the assistance of Duane Morris, LLP, to protect Strategic HFC's business interests and reputation concerning Austin Manor Apartments, Lakeway Apartment Homes, Colorado Creek Apartments, and Creekview Apartments, as outlined in the resolution.
February 13, 2025
2025
To approve and adopt the Board Designated Funds Policy, further defining the use and management of the Reserve Fund and Housing Production Fund established by Resolution No. SHFC-2024-59, as outlined in the resolution.
January 14, 2025
2025
To authorize Katie Adams, Director of Finance and Administration, to access the organization's TexPool investment account for informational purposes only; and to add the newly elected Board President as an authorized signatory on the account, while maintaining Dianna Grey as a signatory, as outlined in the resolution.