Urban Homesteading & Home Loan Boost
Urban Homesteading Program Launched:
The city initiated a new Urban Homesteading Program, approving its guidelines and designating the housing finance corporation as the local agency to manage property acquisition and transfer for the initiative.Expanded Home Loan Access:
The corporation significantly broadened its role in facilitating homeownership by becoming an originating lender for the Travis County 1990 Single Family Bond Program.New Committee Structure:
Duties and members were approved for the Urban Homesteading Committee, establishing the governance framework for this new housing initiative.
Full Transcript
MINUTES OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTOR'S MEETING October 15, 1990 The meeting was called to order at 6:25 p.m. by President Lee Cooke Present: Lee Cooke, Max Nofziger, Charles Urdy, Louise Epstein, Bob Larson, Robert Barnstone, Smoot Carl-Mitchell Agenda Item No. One: Approval of Minutes of October 4, 1990 meeting Approved on consent. Agenda Item No. Two: Approve guidelines for the Urban Homesteading Program. Approved on consent. Agenda Item No. Three: Approve the duties and responsibilities of the Urban Homesteading Committee and confirm members recommended by the Housing Subcommittee. Approved on consent. Agenda Item No. Four: Approve duties and responsibilities of the Austin Housing Finance Corporation Advisory/Loan Committee. Presentation was made by Edwina Carrington outlining the duties and responsibilities of the Advisory Committee. After discussion by Corporation Board members, no action was taken. Agenda Item No. Five: Authorize. execution of a contract with the City of Austin to serve as the Local Homestead Agency. Approved on consent. Agenda Item No. Six: Authorize Secretary/Treasurer of Austin Housing Finance Corporation to sign documents for acquisition and disposition of properties in the Urban Homesteading Program. Approved on consent. Agenda Item No. Seven: Authorize Austin Housing Finance Corporation to serve as an originating lender in the Travis County 1990 Single Family Bond Program. : Approved on consent. Agenda Item No. Eight: Approve resolution authorizing third Thursday of each month as the regular meeting date for the Austin Housing Finance Corporation. 1 Approved on consent.