Austin Fee Waivers Approved
New Fee Exemption Program:
The Austin Housing Finance Corporation (AHFC) was approved to manage the city's Capital Recovery Fee Exemption Program.Lowering Development Costs:
This program aims to reduce project expenses by allowing the waiver of specific fees, typically associated with city infrastructure development.Program Oversight & Guidelines:
AHFC will be responsible for overseeing the program's administration and approving its guidelines through September 1998.
Full Transcript
ahfc DUSING FINANCE CORPORATION Kirk Watson, President Gus Garcia, Vice President William Spelman, Director Jackie Goodman, Director Beverly Griffith, Director Daryl Slusher, Director Willie Lewis, Director Jesus Garza, General Manager James E. Aldridge, Secretary Andrew Martin, General Counsel BOARD OF DIRECTOR'S MEETING AUSTIN HOUSING FINANCE CORPORATION MINUTES WEDNESDAY, AUGUST 21, 1997 The Board meeting of the Austin Housing Finance Corporation (AHFC) was convened. The following agenda item (set forth on the City of Austin Council Meeting agenda as item 52) was considered by the Austin Housing Finance Corporation's Board of Directors. 1. Approve a resolution authorizing negotiation and execution of a contract with the City of Austin for the administration of the City's Capital Recovery Fee Exemption Program by the Austin Housing Finance Corporation through September 30, 1998, and approve the Program Guidelines. (Administration expenses are included in the 1996-97 Austin Housing Finance Corporation Budget.) (Related to item 46) AHFC Resolution No. 97-0821-01 was approved on President Garcia's motion, Board Member Slusher's second by a 4-0 vote. Board Member Spelman abstained.. The meeting was adjourned.