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.
October 15, 2019
2019
To authorize Strategic Housing Finance Corporation to issue up to $30 million in tax-exempt multifamily housing revenue bonds to provide financing for the acquisition and rehabilitation of the proposed 304-unit Terrace Cove Apartments located at 6201 Sneed Cove in Austin, with 20% of units reserved for tenants at or below 50% AMFI and 90% of units reserved at or below 120% AMFI. The bonds would be issued under agreements where the ownership entity would enter into loan payments to repay the bonds.
September 24, 2019
2019
To approve amendments to the Funding Loan Agreement related to the Multi-Family Mortgage Revenue Note, Series 2013 for The Paddock at Norwood Apartments to allow for the transfer of the loan to a funding pool controlled by Citibank, N.A., and to authorize execution of the amendment agreement and related documents.
September 24, 2019
2019
To approve a Memorandum of Understanding between Strategic Housing Finance Corporation of Travis County and NRP Lone Star Development, LLC for SHFC's participation in the proposed 262-unit Decker Lofts affordable housing development in Austin, including SHFC having an ownership interest and role as issuer of financing, co-developer, and general contractor for the development.
September 24, 2019
2019
To authorize sponsorship of a bond application to the Texas Bond Review Board for up to $35 million in Multifamily Housing Revenue Bonds for the proposed 280-unit Austin Parmer Manor affordable housing development in East Austin, given delays with the originally approved Boyce Parmer Apartments project requiring re-approval of the bond inducement resolution.
August 1, 2019
2019
To authorize Strategic Housing Finance Corporation to issue up to $35 million in tax-exempt multifamily housing revenue bonds to provide construction financing for the proposed 264-unit Cascades at Onion Creek affordable housing development located along Interstate Highway 35 in southern Travis County. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.
June 19, 2019
2019
To authorize SHFC and SHFC Oak Valley LLC's participation in acquiring the proposed 280-unit Rosemont at Oak Valley Apartments located at 2800 Collins Creek Drive in Austin, including obtaining construction financing of up to $36 million, executing related loan documents, and taking other necessary actions for the potential transaction.
June 19, 2019
2019
To authorize Strategic Housing Finance Corporation to issue up to $33 million in tax-exempt multifamily housing revenue bonds (Series 2019A) and up to $5.5 million in taxable multifamily housing revenue bonds (Series 2019B), for a total amount not to exceed $38.5 million, to provide financing for the proposed 280-unit Rosemont at Oak Valley Apartments located at 2800 Collins Creek Drive in Austin. The bonds would be issued under agreements where the ownership entity would enter into loan payments to repay the bonds.
June 19, 2019
2019
To authorize SHFC and affiliated entities' participation in developing the proposed 200-unit Lakeway 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.
June 19, 2019
2019
To authorize Strategic Housing Finance Corporation to issue up to $20 million in tax-exempt multifamily housing revenue bonds (Series 2019A) and up to $10 million in taxable multifamily housing revenue bonds (Series 2019B), for a total amount not to exceed $30 million, to provide construction financing for the proposed 200-unit Lakeway Family Living affordable housing development located at the intersection of Ranch Road 620 and Storm Drive in Austin. The bonds would be issued under agreements where the development partnership would enter into loan payments to repay the bonds.
April 26, 2019
2019
To authorize Strategic Housing Finance Corporation to pursue the acquisition of the proposed 280-unit Rosemont at Oak Valley Apartments located at 2800 Collins Creek Drive in Austin, including negotiating a letter of intent and purchase/sale agreement, executing related acquisition documents, and taking other necessary actions for the potential transaction.