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.
July 10, 2025
2025
[Not Discussed] To approve a Memorandum of Understanding (MOU) with FRH Realty LLC, the prospective purchaser of the Cambridge Villas Apartments. This resolution authorizes the Executive Director to execute the MOU, which will outline the terms and conditions for the Corporation's continued participation in the ownership and operation of the development. This ongoing involvement is necessary to maintain the property's full ad valorem tax exemption following the sale, which was initiated at the direction of the Special Limited Partner.
July 10, 2025
2025
To approve a Purchase and Sale Agreement for the Cambridge Villas Apartments with FRH Realty LLC, authorizing the Executive Director to execute the agreement upon written consent from the Special Limited Partner, who has exercised its right to require the sale, with the transaction being structured to allow a new partnership to be formed between the Corporation's general partner entity and the purchaser's affiliates to continue the development's ad valorem tax exemption.
July 10, 2025
2025
To adopt the 2025-2026 Strategic Outlook, a short-term guide intended to inform policy and operational decisions by identifying key findings related to the Travis County housing market, such as high rent burden, fluctuating vacancy and rental rates, and a slowdown in new development, and establishing five strategic actions focused on maximizing community benefit from housing projects, building financial reserves, stewarding the existing portfolio, fostering collaboration with peer agencies, and strengthening internal organizational capacity.
July 10, 2025
2025
To approve and adopt the LIHTC/Bond Transaction Term Sheet, which establishes the terms for the Corporation's participation in Low-Income Housing Tax Credit and bond-financed developments, detailing partnership structures, fee schedules for application, issuance, and developer fee sharing, ground lease terms, affordability requirements, and underwriting criteria.
July 10, 2025
2025
To approve and adopt the revised Workforce Housing Term Sheet, which establishes the transaction terms for the Corporation's workforce housing developments, detailing project screening criteria, mandatory affordability set-asides at various income levels, a two-part public benefit analysis, a schedule of fees, and specific underwriting guidelines and financial partnership terms.
June 12, 2025
2025
To authorize the Executive Director to negotiate an agreement with 42EP Bridge Fund, LP; 42EP SLP, LLC; and other entities related to real estate developments owned by TX Lakeway Apartments, LP, TX Creekview Austin, LP, Austin Colorado Creek Apartments, LP, and TX Austin Manor, LP.
May 8, 2025
2025
To approve the Mobile Phone Policy, detailing options for employees regarding mobile phone equipment and service for business use: either a company-provided phone or a monthly stipend for using a personal phone, outlining responsibilities for both options, including device maintenance, security, and procedures for lost company-issued devices, and noting that all business-related content on mobile phones is subject to the Public Information Act, which supersedes and terminates the prior Mobile Phone Policy from SHFC-2024-37.
May 8, 2025
2025
To approve and adopt the revised Employee Benefits Policy, outlining eligibility criteria, company-paid benefits including various insurance plans (health, dental, vision, life, AD&D, disability), a 401(k) retirement plan, flexible spending accounts, and different categories of paid time off such as holidays, floating holidays, vacation, sick/medical, and situational leave (bereavement, jury duty, extreme weather, military, administrative, parental leave), along with provisions for unpaid leave, which supersedes and terminates the "Employee Benefits Policy" previously adopted via SHFC-2024-22 and "SHFC Situational Paid Leave Policies" previously adopted via SHFC-2024-36.
May 8, 2025
2025
To approve and adopt the Employee Time, Attendance, & Remote Work Policy, as detailed in Exhibit A, outlining expectations for employee work hours, time off requests, unscheduled absences, flex time, and remote work arrangements, and superseding and replacing the previous "Time & Attendance Policy" (SHFC-2024-23) and "Remote Work Policy" (SHFC-2025-01).
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.