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.
June 1, 2017
2017
To approve the Fiscal Year 2017-2018 Annual Budget of Strategic Housing Finance Corporation, which includes total revenues of $2,024,500, total expenses of $993,440, and a provision for annual incentive pay of up to 3% of base salary for employees and 3.5-12.5% of base salary for the Executive Vice President, based on performance goals set by the SHFC Board.
April 6, 2017
2017
To approve a strategy for reconciling all outstanding travel balances related to former Strategic Housing Finance Corporation Directors, given concerns raised by the Travis County Auditor regarding unreconciled travel advances to former board members dating back to 2011. Authorizes the Executive Vice President to execute any necessary documents or extensions to implement an approved reconciliation strategy.
April 6, 2017
2017
To approve Strategic Housing Finance Corporation issuing up to $25 million in multifamily housing revenue bonds to provide construction financing for the proposed Austin Creekview Apartments, a 240-unit affordable housing development in Austin. The bonds would be issued under an agreement where the development partnership would enter into loan or lease payments to repay the bonds.
March 24, 2017
2017
To approve Strategic Housing Finance Corporation issuing up to $20 million in multifamily housing revenue bonds to provide construction financing for the proposed 120-unit Manchaca Commons affordable housing development in Austin. The bonds would be issued under an agreement where the development partnership would enter into loan or lease payments to repay the bonds.
March 2, 2017
2017
To approve a Memorandum of Understanding between Strategic Housing Finance Corporation and Pedcor Investments for SHFC's participation in the proposed 80-unit Heights on Parmer Apartments Phase II affordable housing development in Austin, including forming a limited partnership and limited liability company to own and develop the property.
February 2, 2017
2017
To approve a Memorandum of Understanding between Strategic Housing Finance Corporation and Rise Residential Development, LLC regarding SHFC's participation in the proposed 264-unit Creekview Apartments affordable housing development in East Austin, including development fee sharing, construction fees paid to SHFC, cash flow/proceeds sharing, and number of designated affordable units.
January 5, 2017
2017
To authorize SHFC to cooperate with Pedcor Investments-2016-CLVIII, L.P. on issuing up to $12,500,000 in tax-exempt multifamily housing revenue bonds to finance the Heights of Parmer Phase II project in Austin, while reserving the right not to proceed.
November 3, 2016
2016
To authorize sponsorship for a bond application to the Texas Bond Review Board for up to $25 million in Multifamily Housing Revenue Bonds for the purchase and rehabilitation of the 264-unit Austin Creekview Apartments affordable housing development in East Austin.
November 3, 2016
2016
To authorize Strategic Housing Finance Corporation of Travis County to cooperate with Tx Creekview Austin LP on issuing up to $25,000,000 in tax-exempt multifamily housing revenue bonds to finance the Austin Creekview Apartment Homes project in Austin, while reserving the right not to proceed.
September 1, 2016
2016
To authorize sponsorship for a bond application to the Texas Bond Review Board for up to $38 million in Multifamily Housing Revenue Bonds for the proposed 302-unit Del Valle Apartments affordable housing development in East Austin.