flUSTIN HOUSING FINflNCE CORPORflTION Kirk Watson, President Jackie Goodman, Vice President Raul Alvarez, Director Beverly Griffith, Director Daryl Slusher, Director Danny Thomas, Director Will Wynn. Director Jesus Garza, General Manager Joe Canales, Secretary Andrew Martin, General Counsel BOARD OF DIRECTOR'S MEETING AUSTIN HOUSING FINANCE CORPORATION SPECIAL CALLED MEETING MINUTES THURSDAY. NOVEMBER 9,2000 The Board meeting of the Austin Housing Finance Corporation (AHFC) was convened at 2:04 p.m. The following agenda were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors. BOARD OF DIRECTOR'S MEETING OF AUSTIN HOUSING FINANCE COPRQRATIQN AHFC-1 AHFC-2. AHFC-3. AHFC-4. AHFC-5. Approval of minutes for Austin Housing Finance Corporation Special Called Meeting of November 2,2000. The motion to approve the minutes for the Austin Housing Finance Corporation Special Called Meeting of November 2, 2000 was approved on Board Member Wynn's motion, Board Member Alvarez' second by a 7-0 vote. Staff will give a briefing to the Austin Housing Finance Corporation Board regarding housing programs and current year housing initiatives. The presentation was made by Betty Dunkerley, Acting Assistant City Manager, Paul Hilgers, Director, Neighborhood Housing and Community Development and Matt Powell, Executive Director, Austin Housing Finance Corporation. Approve a Resolution authorizing the negotiation and execution of a Community Housing Development Organization (CHDO) Program forgivable loan in an amount not to exceed $146,000 to the Guadalupe Neighborhood Development Corporation to provide principle buy-down and closing cost assistance to four (4) first-time homebuyers of new single-family homes in the Guadalupe Neighborhood. This item was postponed indefinitely. Approve a Resolution authorizing the negotiation and execution of a Community Housing Development Organization (CHDO) Program forgivable loan in the amount not to exceed $75,600 to American Youthworks, Inc. to assist in lot acquisition and construction of three (3) single-family homes for low and moderate income first-time homebuyers in the Springdale/Webberville Neighborhood. This item was postponed indefinitely. Approve a Resolution authorizing the negotiation and execution of a Community Housing Development Organization (CHDO) Program forgivable loan in the amount not to exceed $500,000 to the Mary Lee Foundation to assist in the acquisition of multifamily transitional housing located at 1322 and 1324 Lamar Square Drive. This item was postponed indefinitely. AHFC-6. Approve a Resolution authorizing the negotiation and execution of a Community Housing Development Organization (CHDO) Program forgivable loan in an amount not to exceed $650,000 to the Texas Reinvestment Corporation to assist in the rehabilitation of affordable multifamily rental housing located at 2221/2225 Elmont Drive and 2222 Townlake Circle. This item was postponed indefinitely. The motion to adjourn the meeting at 3:01 p.m. was approved on Board Member Thomas' motion, Board Member Griffith's second by a 7-0 vote.